The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
H.4.1
BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM
For Immediate Release
January 17, 1957
WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS
and
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS
The average of daily figures of member bank reserves for the week ending
January 16 decreased $401 million to $19,300 million. Estimated required reserves
decreased $187 million; and estimated excess reserves decreased $214 million to
$525 million. Excess reserves exceeded member bank borrowings at the Federal
Reserve Banks by $202 million, compared with $234 million the week before.
The principal changes reducing average reserves were decreases of $395 million in Federal Reserve holdings of U. S. Government securities, $261 million in
Federal Reserve float, and $182 million in member bank borrowings. The principal
offsetting changes were decreases of $371 million in money in circulation and
$59 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank
credit decreased $855 million.
As of Wednesday, January l6, holdings of U. S. Government securities
bought outright were $427 million lower than a week earlier and member bank
borrowings were $77 million lower.
Member bank reserves,
Reserve Bank credit,
and related items
Reserve Bank credit;
U. S. Government securities—
Bought outright—System account
Held under repurchase agreement
Acceptances—
Bought outright
Held under repurchase agreement
Loans, discounts, and advances—
Member bank borrowings
Other
Float
Total Reserve Bank credit
Gold stock
Treasury currency outstanding
Money in circulation
Treasury cash holdings
Treasury deposits with F. R. Banks
Foreign deposits with F. R. Banks
Other deposits with F. R. Banks
Other F. R. accounts (net)
Member bank reserves—
Required reserves (estimated)
Excess reserves (estimated)
* Less than $$00,000
Averages of daily figures
For week endingI
Change from week ending
Jan. 16, 1957 I Jan. 9. 1957 I Jan. 18, 1956
(In millions of dollars)
-308
- 87
+491
34
- 1
- 12
+ 13
+ *
323
-182
- 4
-261
=#55
-597
+ 24
24,293
26
1,278
25,954
21,950
5,066
52,971
31,108
786
293
320
267
— M
33,671
19,300
18,775
525
^53
-371
+ 3
- 59
- 3
- 20
-
2
rl
+258
j-^8
+399
+476
-61
- 97
- 54
- 2
-452
-401
7L57
-214
+164
+232
- 68
For Wednesday Federal Reserve figures see STATEMENT OF CONDITION OF THE
TWELVE FEDERAL RESERVE BANKS COMBINED - attached. Latest Wednesday figures for
other items appearing above are, in millions of dollars:
Gold stock
21,950
Treasury cash holdings
797
Treasury currency outstanding
5,066
Member bank) - Required (est.) 18,829
Money in circulation
30,942
reserves ) - Excess
(est.)
46l
On January l6, 1957, U. S. Government securities held in custody by
the Federal Reserve Banks for foreign account were $3,791 million, a decrease
of $29 million for the week and an increase of $119 million from the comparable
date a year ago.
H.4.1(a)
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(In thousands of dollars)
Jan. 16,
1957
A S S E T S
Gold certificate account
Redemption fund for F. R. notes
Total gold certificate reserves
F. R. notes of other Banks
Other cash
Discounts and advances
Industrial loans
Acceptances:
Bought outright
Held under repurchase agreement
U. S. Government securities:
Bought outright—
Bills
Certificates
Notes
Bonds
Total bought outright
Held under repurchase agreement
Total U. S. Government securities
20,389,392
.872,251
21,269,343
539,031
430,751
263,730
819
1
— —
1
63,661
51,486
82,363
25
-
+
+
-
+
1,775
4,834
32,775
-
1,253,345
10,932,699
9,153,913
2,801,7?)
24,141,707
Total loans and securities
Due from foreign banks
Uncollected cash items
Bank premises
Other assets
TOTAL ASSETS
C A P I T A L
A C C O U N T S
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
.
427,225
::
+
238,040
17,204
255,244
135,361
9,587
559,892
137
+
12,030
+
+
+
+
+
-
+ 452,145
+5 ,012,000
-5,012,000
-
427,225
+
452,145
24,141,707
-
427,225
+
452,145
24,439,031
-
516,172
-
5,830,664
73,769
281,508
52,B64[ll9
+1,050,668
+
337
+
12,403
+ 662,302
26,961,249
-
22
L I A B I L I T I E S
Federal Reserve notes
Deposits:
Member bank reserves
U. S. Treasurer—general account
Foreign
Other
Total deposits
Deferred availability cash items
Other liabilities and accrued dividends
TOTAL LIABILITIES
since
Jan. 18,
1956
Jan. 9,
1957
+
554,273
+
+
+
+
+
123,379
3,191
48,354
19,102
52,732
383,677
3,444
994,126
+
+
22,447
53,981
+
+
57,021
77,203
1,280
9,899
11,563
867,345
225
651,869
326,782
747,593
27,543
132,287
52,064,119
+
276
+
+
10,237
662,382
45.1#
+
.2%
56,136
2,351
+
2,535
13
Ratio of gold certificate reserves to deposit
and F. R. note liabilities combined
Contingent liability on acceptances purchased
for foreign correspondents
Industrial loan commitments
-
+
+
-
-
+ 662,876
+
11,857
+
95,835
+1,075,180
203,688
19,289,869
285,862
326,096
291,420
20,193,247
4,458,086
17,332
51,629,914
-
95,580
-
-
4,626
+
+1,075,180
- -
+
-
23,462
153
MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JANUARY l6, 1957
(Acceptances and securities held under repurchase agreement are classified as
maturing within 15 days in accordance with maximum maturity of the agreements.)
Within 15 days
16 days to 90 days
91 days to 1 year
Over 1 year to 5 years
Over 5 years to 10 years
Over 10 years
Total
Discounts and
advances
232,603
6,127
25,000
263,730
Industrial
loans
35
62
u.
Acceptances
11,267
21,508
472
250
519
S. Government
securities
—288,420—
6,476,925
14,574,612
373,279
1,013,614
32,775
1.414,857
24,141,707
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 16, 1957
St.
Phila- Cleve
Richmond Atlanta Chicago
New York
Boston
Louis
delphla
land ,
(In thousands of dollars)
H.4.l(b)
Total
Minne apolis
Kansas
Dallas
San
Francisco
A S S E T S
20,389,392
871,956
5,680,532 1020,521 1819,919 1265,453
862,018 3706,167
796,284
346,157
839,237
693,798 2487,350
879,951
21,269,343
57,026
928',982
183,738
63,053
77,869
71,140
5,864*270 1083,574 1897,788 1336,593
51,173 161,000
913,191 3867,167
43,812
840,096
22,952
369,109
4l,6l4
800,051
26,197
80,377
719,995 2567,727
F.R. notes of other Banks
Other cash
539,031
430,751
40,160
30,157
92,504
96,874
51,771
25,058
39,231
33,487
43,142
24,945
86,822
49,314
65,362
16,178
25,262
19,141
10,586
9,684
14,718
40,454
32,997
17,882
50,630
53,423
Discounts and advances
Industrial loans
Acceptances—
Bought outright
U. S. Govt, securities:
Bought outrightBills
Certificates
Notes
Bonds
Total
Held under repurchase
agreement
263,730
819
10,115
335
27,728
23,605
443
23,625
30,360
24,500
68,485,
10,085
9,200
20,327
3,000
12,700
Gold certificate account
Redemption fund for
F. R. notes
Total gold certificate
reserves
41
32,775
32,775
68,891
1,253,345
10,932,699 600,927
9,153,913 503,154
2.801.750 154.001
24,141,707 1326,973
75,314
315,439
2,751,520 656,957
2,303,839 550,068
705.139 l
bQ.%0
168.360
6,075,937 1450,699
108,406
77,168
64,446 218,673
52,327
945,602 673,115 562,148 1907,450 456,440
791,749 563,597 470,685 1597,102 382,176
242.332 172.501 144.063 488.827 116.973
2088,089 1486,381 1241,342 4212,052 1007,916
28,310 54,307
246,937 473,714
206,759 396,639
63.283 121.400
545,289 1046,060
49,813 140,251
434,509 1223,380
363,813 1024,332
111.353 313.518
959,488 2701,481
Total U. S. Govt, sees.
24.141.707 1326.973
6.075.937 1450.699 2088.089 1486.381 1241.342 4212.052 1007.916
545.289 1046.060
959,488 2701,481
Total loans & securities
24,439,031 1337,423
6,136,440 1474,747 2111,714 1516,741 1265,842 4280,537 1018,001
554,530 1066,387
962,488 2714,181
Due from foreign banks
Uncollected cash items
Bank premises
Other assets
TOTAL ASSETS
22
5,830,664
73,769
281,508
1
500,349
5,362
15,140
1
1,143,467
9,408
69,795
/
6
2
319,050 576,615
4,782
7,805
16,506
24,003
1
464,632
4,688
14,867
1
3
1
1
925,490 241,018 139,613
5,882
4,578
4,808
50,697
11.469
6,443
1
252,910
4,340
11,966
1
275,674
4,145
11,937
2
541,673
10,749
31,617
52,864,119 2857,574 13,412,764 2975,490 4690,645 3395,885 2783,040 9244,452 2156,603 1104,231 2240,857 2032,5765,970,002
1/ After deducting $16,000 participations of other Federal Reserve Banks.
2
450,173
7,222
17,068
B.4.1(c)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH JANUARY 16, 1957
Total
Boato.
Hew Tort
|ttctaio* Atlanta
L I A B I L I T I E S
Federal Reserve notes
Deposits:
Member bank reserves
U.S.Treas.-gen. acct.
Foreign
Other
Total deposits
Deferred availability
cash items
Other liabilities and
accrued dividends
TOTAL LIABILITIES
Conting. liab. on acceptances purchased for
foreign correspondents
Industrial loan commit.
F. R. notes outstanding
Collat. for F. R. notes:
Gold certificate acct.
Eligible paper
U. S. Govt, securities
26,961,249 1598,538
6,263,916 1729,491 2557,891 2138,933 1344,014 5193,561 1193,507
19,289,869
285,862
326,096
291,420
20,193,247
£®
llo
3^7' 0 7 3
, 2 7 7 >T^ 7
067,737
5,973,050
4,458,086
317,734
832,320
81t8,3
T
T
Dam.
9v k
1
'V
161
540,700
503
827,325
534
981,366 3129,109
570
532
706,708
564
^
1:1 ^
492,540 1060,755
447,492
2,114
708,917 2679,186
914,779 1004,654 2606,858
569
508
i]44o
u 8
IS '& 1:8? fcl
947,209 1569,934
848,461
997,570 3175,465
720,245
458,754
928,o6k> 1024,175 2682,533
211,020
342,405
383,597
194,326
120,611
202,557
450,422
696,943
235,620
470,531
17,332
111 7 1 6
{h964
822
1,710
1,145
706
3.152
545
792
587
602
1.591
51,629,914 2704,725 13,074,200 2000,542 4579,957 3330,964 2725,887 9069,121 2108,623 1072,697 2191,963 1969,314 5ess!841
326,782
747,593
27,543
132,287
11 111111 9111111II !i
52,864,119 2857,574 13,412,764 2975.490 4690.645 3395,885 2783.040 9244.452 2156,603 1104,231 2240,857 2032.576 5970.002
56,136
2,351
3,254
—
28,295,850 1668,789
11,918,000 580,000
50,392
17,305.000 1200,000
Total collateral
29,273,392 1780,000
1/ After deducting $223,60
$223,609,000
9,000 parti
participations
clpations
2/ After deducting $40,336,000 participations
|% % %
(In thousands of dollars)
CAPITAL ACCOUNTS
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
Cblcaso
2/ 15,800
—
3,927
5,049
2,861
2,525
12
in
—
f
ypTH'R'RAT. PTCSTEPVE! AfICTIPg» APPnTTTJrpg
7,966
100
2,076
1,346
==
2,132
2.128
1
*
2,917
6,283
6,601,552 1842,034 2642,799 2232,019 1428,438 5360,538 1253,435
549,373 1093,405
763,507 2859,961
3,170,000
150,000
—
460,000
300,000
19,377
820,000
283,000 1500 000
—
-525.000 1500 000
610,000 1139.377
808.000 1000.000
T
'
660,000 1130,000 945,000 450,000 2300,000
21,855
—
—
—
—
3.600,000 1200.000 1550.000 1350,000 1000,000 3200.000
450,000
9,160
900.000
6,770,000 1881,855 2680,000 2295,000 1450,000 5500,000 1359,160
of other Federal
Rphpt-vp Tunica"
Federal Reserve
Banks.
of other Federal Reserve Banks.
1
@FedFRASER