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 29, 1959 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 hank reserves for the week ended January 28 increased $48 million to $18,817 million. Estimated required reserves increased $l8l million; and estimated excess reserves decreased $133 million to $369 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $120 million; the week before they were $64 million less than excess reserves. The principal changes supplying average reserves were an increase of $51 million in member bank borrowings and decreases of $235 million in money in circulation, $59 million in foreign deposits with Federal Reserve Banks, and $30 million in "other" deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $109 million in U. S. Government securities bought outright and $214 million in Federal Reserve float. Total Reserve Bank credit decreased $274 million. As of Wednesday, January 28, holdings of U. S. Government securities bought outright were $94 million lower than a week earlier and member bank borrowings were $71 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 Averages of daily figures Week ended Change from week ended Wednesday, Jan. 28, Jan. 28, Jan. 21, 1 Jan. 29, 1959 1 1958 1959 1959 (In millions of dollars) 25,471 -109 -- 41 - - 489 19 1,074 27,094 20,515 5,235 52,844 +2,136 37 - 2 -- + 51 - - -214 -27% + 1 -272 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) 31,150 714 404 298 343 1,118 34,027 -235 + 2 + 3 - 59 - 30 Member bank reserves— Required reserves (estimated) Excess reserves (estimated) 18,817 18,448 369 + 48 +181 -133 - - -320 25,438 - - 37 -- - 4 + + -- 194 18 + 155 +2,462 -2,268 84 + + 279 477 19 806 26,776 20,516 5,235 52,527 + 525 75 117 23 68 126 551 31,056 718 487 320 340 1,117 34,038 272 61 211 18,489 18,433 56 - - + + + + - - On January 28, 1959, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,671 million, an increase of $86 million for the week and a decrease of $96 million from the comparable date a year ago. H.4*l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Jan. 28, 1959 ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Due from foreign "banks Uncollected cash items Bank premises Other assets TOTAL ASSETS LIABILITIES Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Change since Jan. 29, Jan. 21, 1958 1959 1 6,059 6,058 4,511 22,029 71,329 -2,247,499 + 75,703 -2,171,796 + 315 37,662 + 242,543 206 36,632 3,444 3,206 3,000 1,437,150 18,649,726 2,867,565 2,483,771 25,438,212 94,000 25,438,212 94,000 + 815,377 -1,283,886 +2,867,565 - 317,979 +2,081,077 3,000 +2,078,077 25,970,643 15 5,087,310 94,219 197,630 52,449,363 26,115 +2,314,208 - 702,440 157 + 12,698 :~~%95,532 + 525,327 + 9,960 - 90,445 + 549,907 27,121,889 - 158,801 + 420,000 18,489,248 487,154 320,319 340,200 19,636,921 4,281,679 23,981 51,064,470 - 400,127 + 141,902 - 12,918 - 488,237 23,994 + 63,283; + 73,14% - 375,806 + 460,617 + 8,746 + 513,557 368,417 868,410 148,066 52,449,363 + 810 18,997,893 934,414 19,932,307 677,041 490,198 495,464 335 + + + 94,000 7,701 - 278,044 - 270,142 + 1*897 705,890 + 21,053 l/+ 31,669 + 9,548 " - 16,372 - 695,532 + 549,9Q7 Ratio of gold certificate reserves to deposit 4.7# .4# 42.6$ and F. R. note liabilities combined Contingent liability on acceptances purchased 67,238 60,004 3,073 for foreign correspondents 105 960 Industrial loan commitments l/^Net^change%fteTelimination of Sec. 13*> surplus of $27,543,000 on Sept. 2, 195# MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 28, 1959 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.; U. S. Government Discounts and Industrial securities Acceptances loans advances 354,690 212 13,699 464,806 "* Within 15 days 6,533,453 22,933 23 30,658 16 days to 90 days 13,198,733 42 91 days to 1 year 3,881,179 58 Over 1 year to 5 years 206,495 Over 5 years to 10 years 1,263,662 Over 10 years 25,438,212 36,632 Total 495,464 335 XI • \ v y Total Boston I PhilaNew York | delphia ASSETS Cleveland Richmond Atlanta J Chicago (In thousands of dollars) St. Louis Minneapolis Kansas City San Dallas Francisco 777,641 730,718 2390,775 Gold certificate account 18,997,893 880,935 5,019,599 1041,306 1516,618 1055,901 933,814 3438,241 739,413 472,932 Redemption fund for 196,422 59,470 87,054 83,582 56,601 171,877 44,403 22,243 43,368 29,700 84,495 934,414 55,199 F. R. notes Total gold certificate 821,009 760,418 2475,270 19,932,307 936,134 5,216,021 1100,776 1603,672 1139,483 990,415 3610,118 783,816 495,175 reserves 46,088 61,017 143,411 50,907 47,975 76,080 81,824 58,197 23,569 19,308 11,908 F.R. notes of other Banks 677,041 56,757 16,411 18,809 62,478 97,190 27,977 41,255 32,654 34,460 80,958 30,748 13,223 490,198 34,035 Other cash Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 45,003 37,141 109,058 362,403 82,613 127,224 93,547 1,437,150 78,250 18,649,726 1015,440 4,702,864 1072,061 1650,967 1213,948 723,109 164,839 253,851 186,655 2,867,565 156,134 626.127 142,777 219.876 161,674 P d *483.771 s I J-135.236 6,414,703 1462,290 2251,918 1655,824 1385,060 25,438,212 73,127 251,041 948,954 3257,734 145,910 500,907 126.182 433.865 1294,373 4443,547 495,464 335 36,632 20,821 327 100,624 53,042 13,768 14,318 16,900 58,627 30,234 61,342 56,294 760,797 392,334 796,026 730,529 116,979 60,325 122,396 112,325 101,323 52,251 106,015 97,292 1037,726 535,144 1085,779 99b,440 162,448 2108,072 324,135 280,753 20Y>,4UO 29,702 8,739 8 46,348 36,632 f Due from foreign banks Uncollected cash items Bank premises Other assets 515.144 1085.779 996.440 2875.408 25.418.212 1385,060 6.414.703 1462.290 2251.918 1655.824 1294.373 4443.547 1037,726 543,891 1132,127 1010,758 2892,308 25,970,643 1406,208 6,551,959 1476,058 2304,960 1700,827 1331,514 4552,605 1067,428 1 1 1 1 1 2 1 1 1/4 1 1 15 , 284,112 501,739 260,775 967,218 324,400 452,585 389,076 432,396 773,328 209,738 134,392 5,087,310 357,551 7,911 12,477 4,785 5,219 6,913 9,289 12,278 6,716 9,420 10,318 4,223 4,670 94,219 7,966 21,925 9,199 4,097 8,130 49.171 10.951 17.672 12,707 10,873 34,536 107.610 m_i09 TOTAL ASSETS 52,449,363 2805,755 13,035,294 2995,295 4477,540 3357,544 2890,772 9122,022 2130,343 1215,305 2256,215 2136,063 6027,215 Total. TL S. Govt. sees. X V V/ # # w w f w • w w Wr # Total loans & securities g * — r r r - • i r - 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. / H.4.1(c) Total LIABILITIES 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 28, 1959 St. Phila- CleveBoston New York delphia land Richmond Atlanta Chicago Louis (In thousands of dollars) Minneapolis Kansas City San Dallas Francisco 27,121,889 1585,131 6,319,170 1702,669 2508,646 2075,368 1435,640 5189,710 1208,858 588,029 1075,046 780,274 2653,348 18,489,248 760,493 5,145,171 880,319 1399,296 820,746 959,252 2955,373 661,916 441,072 854,236 985,543 2625,831 45,909 34,5^6 36,495 41,230 29,485 62,214 34,253 26,975 44,504 32,017 71,329 487,154 28,197 16,390 1/105,759 19,668 26,820 14,900 l4,oo6 44,io4 11,026 7,152 11,622 15,496 33,376 320,319 1,462 37,271 385 ~ 290,697 1,553 1,076 2,872 995 46l 1,105 778 1,545 340,200 19,636,921 805,465 5,587,536 936,086 1463,687 879,748 1003,738 3062,152 708,300 475,977 911,907 1034,518 2767,807 4,281,679 335,847 744,525 263,503 377,322 329,575 383,981 661,993 158,469 116,164 212,938 248,671 448,691 993 992 1,020 3,243 1,104 6,025 1,120 2,514 1,272 1,058 3,761 879 23,981 51,064,470 2727,547 12,657,256 2903,378 4352,169 3285,963 2824,417 8917,616 2076,506 1181,163 2200,883 2064,483 5873,089 CAPITAL ACCOUNTS "Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACQOUNTS Conting. Hah. on acceptances purchased for foreign correspondents Industrial loan commit. 368,417 868,410 148.066 18,287 50,116 9,805 22,038 59,607 10.272 35,205 76,643 13.523 16,550 44,846 10.185 18,647 50,568 39,474 132,159 8.234 21.679 12,466 33,746 7.625 8,452 20,785 4.905 15,071 32,935 7,326 21,218 43,436 6.926 43,930 95,76l 14,435 52,449,363 2805,755 13,035,294 2995,295 4477,540 3357,544 2890,772 9122,022 2130,343 1215,305 2256,215 2136,063 6027,215_ 60,004 960 3,305 F. R. notes outstanding 28,54o,4l8 1682,715 Collat. for F. R. notes: Gold certificate acct. 10,925,000 650,000 — Eligible paper • 87,219 U. S, Govt, securities 18.715.000 1150.000 Total collateral 29,727,219 1800,000 l/ After deducting $214,560,000 participations 2/ After deducting $43,272,000 participations 105,985 238,902 33,151 2/16,732 3,967 5,409 20 3,005 2,825 8,895 2,224 1,442 —— 2,344 940 3,125 —— 6,731 —— FEDERAL RESERVE AGENTS' ACCOUNTS 6,709,064 1782,450 2596,506 2178,323 1527,916 5385,773 1268,300 607,315 1117,684 833,248 2851,124 2,920,000 640,000 920,000 700,000 475,000 2100,000 430,000 200,000 300,000 290,000 1300,000 -45,634 -— -12,560 ----29,025 42^,000 850,000 575,000 1700,000 4.000.000 1200.000 1750.000 1510.000 1100.000 3500,000 935,000 6,920,000 1852,560 2670,000 2230,000 1575,000 5600,000 1394,025 625,000 1195,634 865,000 3000,000 of other Federal Reserve Banks. of other Federal Reserve Banks.
@FedFRASER