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H.4,1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release January 3, 1957 WEEKLY AVERAGES OF MEMBER B A H RESERVES, RESERVE BANK CREDIT, AMD RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of dally figures of member bank reserves for the week ending January 2 increased $66 million to $19,856 million. Estimated required reserves increased $16 million; and estimated excess reserves increased $50 million to $761 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $139 million; the week before they were $70 million less than excess reserves. During the statement week, borrowings of member banks from the Reserve Banks fluctuated between a high of $1,492 million for the three days December 28-30 and a low of $25 million on December 31 when banks usually pay off borrowings in order to avoid showing borrowed money in their statements at the year end. The principal changes supplying average reserves were increases of $259 million in member bank borrowings and $88 million in Federal Reserve holdings of U. S» Government securities, and decreases of $240 million in Treasury deposits with Federal Reserve Banks, $163 million in money in circulation, and $51 million ^' accounts (net). The principal offsetting changes were a decrease of $671 million in Federal Reserve float and an increase of $77 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $318 million. As of Wednesday, January 2, U. S. Government securities held under repurchase agreement were $122 million lower than a week earlier and member bank borrowings were $279 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) Averages of dally figures For week ending Change from week ending Jan. 2, J 2 2 Dec. 26, 1956 4, 1956 .1 Jan. . rr (In millions of dollars) 24,610 384 34 34 900 26 1,537 27,524 21,949 5,066 31,829 777 395 374 335 973 34,684 19,856 19,095 761 + 52 + 36 +219 - 10 + + 1 7 + 10 + 31 +259 - 1 -671 -318 +317 + 24 mm - 2 T5B8 +259 -316 + 58 +90S -163 +676 mm #» + 12 -240 - 19 + 4 + 39 - 64 -362 + 34 +513 + 66 ±392 + 77 TTB + 50 -178 +208 +184 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 21,949 Treasury cash holdings 785 Treasury currency outstanding 5,066 Member bank) - Required (est.) 19 147 Money in circulation 31,700 reserves ) - Excess (est.) '239 On January 2, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,854 million, a decrease of Digitized FRASER for the week and an increase of $309 million from the comparable date $92formillion http://fraser.stlouisfed.org/ a year ago. Federal Reserve Bank of St. Louis B.4.1(a) STATEMENT OF CONDITION OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) 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 20,374,391 894,950 21,269,341 379,133 308,549 370,444 793 - + - + + - - 20,001 19,998 3 98,622 31,440 279,280 12 + 233,038 27,109 260,147 27,833 23,293 27,286 104 1,511 5,185 + + 11,617 22,619 + 218,574 218,574 63.100 155,474 + 34,554 23,734 - + + + + - 1,721,270 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS +5,012,000 -5,012,000 10,932,699 9,153,913 2,801,750 24,609,632 209.000 24,618,632 - 121,600 - 121,600 + + 25,248,157 - 404,566 + 162,528 22 5,818,830 73,355 255,839 53,353,226 L I A B I L I T I E S Federal™Reserve™notis™ ~ Deposits: Member bank reserves U. S. Treasurer-general account 938,983 286 ,11^42 676,132 + + + 606,578 12,181 88.162 +1,134,136 27,427,168 - 169,168 + $89,411 19,385,553 376,884 + - 245,389 155,844 + 32,732 111,535 iiigHl 11 : : sg TOTAL LIABILITIES ESEEk) C A P I T A L Change since Dec. 2 5 7 — Jan. 4, 1956 1956 Jan. 2, 1957 A C C O U N T S Othercapital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,140:789 + 111!543 53,353.226 - 154.181 + 676.132 * i oo4 +1.130& 44,5$ + .24, + 50,257 + 507 + Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents n P M *1,0$,M .2<$> 16 Industrial loan commitments o •*££ . o* ' ir, * December 26 figure revised »_4 53MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 2, 1957 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Over 5 years to 10 years Over 10 years http://fraser.stlouisfed.org/ T tal ° Bank of St. Louis Federal Reserve Discounts and advances Industrial loans „„ __ __ __ 370,444 793 Acceptances __ 5K#3B U. S. Government securities , ill'ill V m i 2h[&l&[&32 STATEMENT OF CONDIT]CON OF EACH FEDERA] RESERVE BANK ON JANUARY 2, 1957 Phila- CleveSt. Boston New York Richmond Atlanta |Chicago delphia land Louis (In thousands H.4.l(b) Total A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Minneapolis 20,374,391 873,764 894,950 57,026 21,269,341 930,790 F.R. notes of other Banks Other cash 379,133 308,549 28,279 21,053 61,113 62,595 36,229 14,182 26,352 21,589 32,737 19,452 59,349 23,201 32,778 48,771 15,829 23,724 14,787 9,529 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. 370,444 793 3,600 312 29,570 5,380 439 20,025 36,725 63,307 120,400 28,525 1,721,270 94,611 433,205 103,432 10,932,699 600,927 2,751,520 656,957 9,153,913 503,154 2,303,839 550,068 2,801,750 154,001 705,139 168,360 2^,609,632 1352,693 6,193,703 1478,817 ***_ 209,000 148,878 945,602 791,749 105,978 673,115 563,597 71,863 Total U. S, Govt, sees. Total loans & securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 34,554 23,734 5,264,777 1140,868 1929,789 1345,778 198,738 63,053 77,869 5,463,515 1203,921 2007,658 1416,918 51,173 161,000 Dallas San Francisco 830,501 360,234 831,087 726,630 2528,702 43,812 22,952 945,783 3808,651 874,313 383,186 4l,6l4 26,197 80,376 872,701 752,827 2609,078 12,658 8,447 29,518 15,097 33,715 21,580 42 23,932 12,275 5,125 38,879 74,582 36,698 34,554 23,734 242,332 88,507 300,313 562,148 1907,450 456,440 246,937 473,714 470,685 1597,102 382,176 206,759 172,501 144,063 488,827 116.973 63,283 68,410 192,612 434,509 1223,380 396,639 363,813 1024,332 121.400 111.353 313^518 2128,561 1515,191 1265,403 4293,692 1027,452 . ** «*» •»« 555,858 1066,335 #» —— 978,085 2753,842 «• — «. — 24,818,632 1352,693 6,402,703 1478,817 2128,561 1515,191 1265,403 4293,692 1027,452 555,858 1066,335 978,085 2753,842 25,248,157 1356,605 6,490,561 1484,636 2148,586 1551,916 1328,710 4414,092 1055,977 577,480 1090,267 990,360 2758,967 22 5,818,830 73,355 255,839 1 1/ 6 2 2 1 1 3 1 1 1 1 2 482,338 1,089,358 380,778 522,843 480,630 498,630 872,679 233,030 146,209 276,385 295,396 540,554 5,361 9,397 4,782 7,805 7,220 4,687 5,882 4,443 4,719 4,340 3,970 10,749 13,628 63,075 15,334 21,813 15,432 13,591 46,353 10,508 5,750 10,961 10,729 28,665 53,353,226 2838,055 13,239,620 3139,864 4756,648 3524,306 2873,952 9229,209 2217,825 ll4l,66l 2275,760 2097,898 6018,428 l/ After deducting $16,000 participations of other Federal Reserve Banks. 71,140 894,610 3647,651 Kansas City 6.4.1(c) Total STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 2, 1957 CleveSt. Boston New York | d e l p h l a Richmond Atlanta |Chicago land Louis Minneapolis Kansas City Dallas 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 27,427,168 1626,076 6,383,631 1753,932 2595,940 2176,407 1367,380 5268,640 1210,229 497,798 1074,152 778,759 31,994 290,656 16,579 321,816 468 20,374,909 827,800 5,455,586 982,174 1591,752 51,054 22,440 27,573 1/ 89,997 20,232 25,571 253,344 9,870 2,525 5,849,981 1034,716 1647,421 460,563 20,427 19,385,553 376,884 4,321,734 311,751 841,062 33,532 14,331 5,655 975,223 28,340 12,364 1,388 894,580 1017,315 667,606 264,801 403,161 388,804 432,558 3085,115 47,435 39,340 1,232 733,517 26,439 10,678 1,460 7,025 1,534 San Francisco 725,067 2747,916 895,325 1016,814 13,845 26,951 2569,663 46,854 10,678 1,703 14,331 3.769 921,551 1061,865 29,530 38,868 2664,915 612,963 187,758 122,543 231,521 248,068 450,200 3173,122 772,094 489,549 u u 16,978 672 I 5,540 803 wj 1,455 -»-> v/ 972 y i*659 >7 3,285 39 c+\jj 557 vv 1 690 573 y (j 460 tuv 1,312 JL, 3Le 52,140,789 2766,299 12,906,758 3054,252 4647,977 3460,763 2817,912 9058,010 2170,638 1110,580 2227,797 2035,460 5884,343 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Wonting, liab. on acceptances purchased for foreign correspondents [ndustrial loan commit. 325,758 747,593 27,543 111,543 l6,8o4 43,948 208,002 7,993 7,319 23,548 3,011 20,629 52,301 4,489 8,193 31,119 66,393 1,006 10,153 14,821 37,594 3,349 7,779 15,525 33,179 762 6,574 44,433 110,421 1,429 14,916 11,085 29,331 521 6,250 7,186 18,520 1,073 4,302 13,029 27,983 1,137 5,8l4 18,020 37,508 1,307 5,603 39,114 82,413 2,140 10,4l8 53,353,226 2838,055 13,239,620 3139,864 4756,648 3524,306 2873,952 9229,209 2217,825 ll4l,66l 2275,760 2097,898 6018,428 50,257 2,366 4,568 2,560 2,209 7,028 1,908 l6 121 101 FEDERAL RESERVE AGENTS' ACCOUNTS 6,651,389 1856,363 2662,531 2248,837 1436,894 .5403,196 1265,232 1,908 2,128 2,560 5,271 552,217 1105,449 771,288 2886,219 2,870,000 — 150,000 — 300,000 22,982 283,000 <*- 1500,000 610,000 1142,982 808,000 3000,000 2,962 2/ 14,414 —— r. R. notes outstanding 28,516,040 1676,425 Zollat. for F. R. notes: Gold certificate acct. 11,618,000 580,000 Eligible paper 54,137 U. S. Govt, securities 17,605,000 1200,000 29,277,137 1780,000 Total collateral l/ After deducting $200,634,000 participations 1/ After deducting $35,843,000 participations 93,993 —— 3,6l4 660,000 1130,000 3,580 -- 945,000 -- 450,000 2300,000 --- 450,000 27,575 1,255 3,900,000 1200,000 1550,000 1350,000 1000,000 3200,000 900,000 460,000 820,000 525,000 1500,000 6,770,000 1663,580 2660,000 2295,000 1450,000 of other Federal Reserve Banks, of other Federal Reserve Banks. 5500,000 13777575
@FedFRASER