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 23, 1958 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 22 decreased $132 million to $19,216 million. Estimated required reserves decreased $91 million; and estimated excess reserves decreased $4l million to $525 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $170 million; the week before, revised excess reserves were $9 million less than member bank borrowings. The principal changes reducing average reserves were decreases of $315 million in U, S. Government securities bought outright, $90 million held under repurchase agreement, and $220 million in member bank borrowings, and an increase of $37 million in "other" deposits with Federal Reserve Banks, The principal offsetting changes were an increase of $191 million in Federal Reserve float, and decreases of $329 million in money in circulation and $31 million in foreign deposits with Federal Reserve Banks, Total Reserve Bank credit decreased $44l million. As of Wednesday, January 22, holdings of U, S, Government securities bought outright were $299 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $%6 million lower> and member bank borrowings were $107 million higher. 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) Averages of daily figures Change from week ending For week ending Jan. 15, 1958 I Jan. 23, 1957 Jan. 22, 1958 (In millions of dollars) 23,266 49 4l 3 355 5 1,230 24,949 22,782 5,149 52,880 30,878 781 511 275 227 992 33,664 19,216 18,691 525 -315 - 90 -545 + 49 - 1 4 + 10 + 3 -220 - 1 +191 + 33 - 21 •=WT + 1 + 2 -438 -329 + 10 + 8 - 31 + 37 -216 +831 + 82 +227 + 51 - 17 +312 - 49 - 41 2 + 98 -132 -126 - 33 - 93 - -306 - 91 - 41 +353 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 22,782 Treasury cash holdings 788 Treasury currency outstanding 5,150 Member bank) - Required (est,) 18,672 Money in circulation 30,730 reserves ) - Excess (est.) 664 On January 22, 1958, U, S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,798 million, an increase of $18 million for the week and an increase of $33 million from the comparable date a year Digitizedago. for FRASER H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Jan. 15, Jan. 23, 1958 1957 Jan. 22, 1958 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 outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 21,230,392 860,491 22,090/883 674,498 504,207 391,834 548 1 1,918 1,919 + 47,138 + 46,863 + 106,986 + 7 38,833 2,989 10,601 13,218 522,073 19,933,612 2,801,750 23,257,435 76,000 23,333,435 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 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 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 - 299,400 + + 840,999 15,136 825^3 + + 42,804 33,919 237 + 110,202 + + 9,004 13,218 - 160,402 +9,000,913 -9,153,913 •mm «... 313,402 " - 299,400 75,500 374,900 + 76,000 - 260,295 + 181,498 7 179,414 - .237.402 23,777,868 15 5,386,947 84,216 272,520 52,791,154 + + - 119 13,721 442,494 > » + 19.638 966.952 26,855,550 - 192,763 + 88,200 19,336,022 454,329 294,080 203,866 20,288,297 4,298,682 13,736 51,456,265 63,181 + 263,606 70,711 14,978 + 195,524 + + 409,749 1,723 876,642 + + 19,713 61,605 - 288,121 + + - 16,889 24,337 287,463 -251 4567i4o 346,824 809,198 27,543 • 151,324 52,791,154 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 46.9# 114,469 1,063 357 - 9,812 23,652 +_ ,,8,992 + 966,952 .2# 10,591 17 1.3# 55,059 1,299 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JANUARY 22, 1958 (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 389,411 2,423 Industrial loans Acceptances 111 28,247 23,804 29 285 123 391,834 5*8 U« S. Government securities 388,850 5,716,216 14,439,112 1,374,400 56,610 52,051 1,358,247 23,333,435 H.4.l(b) Total A S S E T S Gold certificate account Redemption fund for F. R» notes Total gold certificate reserves STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH JANUARY 22, 1958 St. C Boston New Xork S " i R i < : t m ° M Atlanta JChicago Louis delpfala (III thousands of dollars) 860,491 55,594 180,468 60,132 78,817 70,902 48,585 156,306 43,136 45,521 31,023 150,762 110,577 57,448 28,367 57,388 42,060 59,702 32,371 83,434 34,647 61,357 76,470 23,771 33,909 Discounts and advances Industrial loans Acceptances: Bought outright Held under rep, agree. U. S. Govt* securities: Bought outright— Bills Certificates Notes Bonds Total Held under rep. agree. 391,834 16,680 58,780 18,060 X9S 86,100 32,141 *»** 34,700 73,300 11,725 548 38,833 13,218 327 — SB/BBS 13 y 2X8 ~- 22,112 41,419 San Francisco 28,368 74,652 27,460 11,069 42,656 19,504 68,358 3,550 23 27,898 6,750 22,150 «*«• -f* 10,213 16,708 — 53,930 28,477 130,561 30,474 45,858 33,357 27,041 91,129 21,590 11,266 22,414 20,460 59,446 522,073 19,933,612 1087,299 4,985,018 1163,585 1750,929 1273,618 1032,502 3479,432 824,355 430,167 855,809 781,178 2269,720 2,801,750 23,257,435 76,000 152,824 1260,600 700,664 163,547 246,100 179,012 145,122 489,048 115,866 5,016,243 1357,606 2042,887 1485,987 1204,665 4059,609 961,511 60,462 120,288 109,798 319,019 501,095 990,511 911,43b 2640,105 5,892,243 1357,606 2042,887 1485,987 1204,665 4059,609 501,895 76,000 Total U. S. Govt, sees. 23,333,435 1268,600 Total loans & securities 23,777,868 1285,607 6,003,074 1375,864 2128,987 1518,128 1239,365 4132,909 973,536 15 5,386,947 84,216 272,520 1/ 4 1,104,816 10,668 5,010 14,682 67,134 1 394,413 1 330,066 4,491 15,531 1 1 468,919 422,600 9,638 6,996 23,852 17,300 1 2 422,782 862,173 6,783 6,823 14,214 49,015 961,811 1 231,539 6,138 11,053 998,511 911,436 2648,185 505,468 1026,409 918,186 2670,335 2 / 1 144,674 250,473 5,307 4,926 5,857 H,58l 1 272,185 6,323 11,577 1 482,307 11,113 30,724 52,791,154 2891,867 13,573,498 3032,109 4670,089 3411,258 2641,432 9174,783 2168,633 1111,023 2215,069 2071,359 5830,034 1/ After deducting $11,000 participations of other Federal Reserve Banks 2/ Less than $500. Dallas 22,090,883 1115,610 6,126,463 1220,341 1939,244 1354,160 840,206 3986,034 888,686 412,044 893,902 800,927 2513,266 674,498 504,207 TOTAL ASSETS Kansas City 21,230,392 1060,0l6 5,945,995 1160,209 1860,427 1283,258 791,621 3829,728 845,550 389,932 852,483 772,559 2438,614 F.R. notes of other Banks Other cash Due from foreign "banks Uncollected cash items Bank premises Other assets Minneapolis H.4.1(c) Total 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 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 22, 1958 CleveSt. PhilaBoston Richmond Atlanta Chicago New York delphia land . Louis (in thousands of dollars) 26,855,550 1599,271 6,321,738 1693,474 2563,541 2135,443 1260,974 5229,495 1204,283 836,212 5,713,974 900,097 1554,378 29,401 59,218 43,173 39,099 15,903 1/93,758 19,251 24,831 203,866 203 147,184 9,627 1,649 20,288,29? 001,719 b,014,134 972,148 1619,957 19,336,022 454,329 294,080 4,298,682 332,379 811,294 910,215 3015,837 696,861 22,612 51,823 31,660 36,425 14,229 12,555 39,897 10,323 1,641 1,274 1,205 3,339 865,287 947,023 3108,831 740,049 Minneapolis Kansas City 495,322 1055,134 435,227 21,824 6,696 284 464,031 Dallas San Francisco 729,828 2567,047 874,800 987,208 2599,919 40,336 40,896 37,862 10,881 14,508 31,248 737 1,232 35,491 926,754 1043,844 2704,520 866,292 273,764 365,786 339,292 370,619 642,369 172,283 117,781 179,618 228,181 410,318 692 3,448 540 1,815 626 557 2,238 520 571 464 770 1,495 13,736 51,456,265 2814,061 13,205,612 2939,926 4551,099 3340,648 2579,173 8982,933 2117,135 1077,705 2161,970 2002,623 5683,'3S0 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents 346,824 809,198 27,543 151,324 17,762 47,013 3,011 10.020 21,299 55,923 4,489 10,472 32,776 71,550 1,006 13.658 15,760 41,236 3,349 10.265 16,747 46,846 36,192 121,504 762 1,429 8.558 22.071 11,685 31,586 521 7.706 7,479 19,697 1,073 5.069 13,961 30,533 1,137 7.468 19,484 40,871 1,307 7.074 40,500 89,130 2,i4o 14.884 52,791,154 2891,867 13,573,498 3032,109 4670,089 3411,258 2641,432 9174,783 2168,633 1111.023 2215,069 2071,359 5830.034 114,469 6,526 --f F. R. notes outstanding 28,257,294 1689,418 Collat. for F. R. notes: Gold certificate acct. 12,253,000 700,000 Eligible paper 57,683 —U. S. Govt, securities 17.165.000 1150.000 Total collateral 29,475,683 1850,000 „ T ,322,000 participations 2/ After deducting $82,211,000 participations 102,525 223,963 7,319 34.079 2/32,258 7,900 10,191 5,839 5,153 16,374 4,237 2,748 4,465 5,954 12,824 FEDERAL RESERVE AGENTS' ACCOUNTS 6,713,334 1780,857 2667,237 2225,872 1348,559 5409,362 1259,023 533,541 1090,068 782,528 2757,495 3,270,000 640,000 1130,000 915,000 425,000 2500,000 450,000 140,000 300,000 283,000 1500,000 -18,060 —-— —— — 11,725 —27,898 — -— 3,600.000 1200.000 1600.000 1350.000 1000.000 3100.000 895.000 425,000 820.000 6,870,000 1858,060 2730.000 2265.000 1425.000 5600.000 1356.725 565.000 1147.898 of other Federal Reserve Banks. 525.000 1500.000 808.000 3000.000
@FedFRASER