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BOARD OF GOVERNORS OF TEE FEDERAL RESERVE SYSTEM E.4.1 For Immediate Release January 9, 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 8 decreased $49 million to $19,658 million. Estimated required reserves decreased $62 million; and estimated excess reserves increased $13 million to $743 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $4l million, compared with $74 million the week before. The principal changes reducing average reserves were decreases of $243 million in U, S« Government securities held under repurchase agreement, $90 million bought outright, and $222 million in Federal Reserve float, and an increase of $71 million in Treasury deposits with Federal Reserve Banks, The principal offsetting changes were decreases of $406 million in money in circulation, $60 million in foreign deposits with Federal Reserve Banks, and $49 million in "other" F. R, accounts (net), and an increase of $46 million in member bank borrowings. Total Reserve Bank credit decreased $523 million. As of bought outright securities held borrowings were Wednesday, January 8, holdings of U, S, Government securities were $84 million lower than a week earlier, U, S« Government under repurchase agreement were $409 million lower, and member bank $651 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 AcceptancesBought 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 For week ending Change from week ending Jan. 8; 1958 . Jan. 1, 1958 I Jan. 9. 1957 (In millions of dollars) 23,645 - 90 -243 +279 43 10 + 1 - 14 + 8 702 6 1,328 + 46 +197 - 24 -211 -709 +832 366 26,100 22,781 5,146 54,027 31,553 768 529 337 186 996 34,369 19,658 18,915 743 wmm -222 -523 + 7 - 1 -956 - 2 + 80 -517 +203 -406 71 60 15 49 + 74 - 15 +177 + 14 -101 + 97 +246 - 49 T%2 + 13 - 43 715 + 13 - 8 + - 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: Sold stock 22,781 Treasury cash holdings 766 Treasury currency outstanding 5,146 Member bank) - Required (est.) iq 827 Money in circulation 31,375 reserves ) - Excess (est.) '528 On January 8, 1958; U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,744 million, an increase of $15 million for the week and a decrease of $76 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since Jan. 9, Dec. 31, 1957 1957 Jan. 8, 1958 A S S E T S Gold certificate account Redemption fund for F. R, notes Total gold certificate reserves F« R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U, S. Government securities 21,230,391 869,250 22,099,^+1 564,349 406,602 706,659 490 41,821 13,130 + + + + Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends]./ TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid-in ~ Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS - 15,000 + + + + 12l,c6l -f 67,980 + 651,295 8 + - 899,673 19,933,612 2,801,750 23,635,035 110,100 23,745,135 + 14,999 1 - 840,998 10,701 830,297 88,979 27,337 360,566 304 516 10,221 + + 83,900 - 780,897 +9,000,913 -9,153,913 7,271 8,296 - 83,900 409,250 493,150 + - 933,897 110,100 823,797 24,507,235 15 4,765,124 83,933 242,262 52,669,161 + 147,416 - + 729,611 170 + - 359,306 + 447,968 7 14,872 10,501 26,843 467,424 27,285,556 - 249,235 + 120,619 19,354,601 473,777 342,332 171,311 20,342,021 3,720,859 13,329 51,361,805 + 320,806 121,753 110,712 14,956 - 110,210 + 137,211 + 130,158 4,228 + 383,760 + + z - 7,033 14,010 74,973 224,790 349,945 hM 376,009 1,003 346,109 809,198 27,543 124,506 52,669,161 + - 46.4$ + 88,860 1,101 + Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 1/ No accrued dividends December 31, 1957* 18,678 15,700 359,30& + + + + 61,605 + + 2,456 467,424 + 12,746 8 19,603 + + 1.% 35,259 1,263 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 8, 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 Digitized Over for FRASER 10 years http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Discounts and advances 697,846 8,813 U. S. Government Industrial securities Acceptances loans 388,500 31,906 69 6,128,266 20 23,045 14,439,112 268 1,374,400 133 56,610 706,659 ¥90 54,951 1.358,247 23,7*45A35 ^CTffi3OT Og CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 8 1958 Phila- CleveSt. Boston New York delphia land | Richmond I AtlantaChicago Louis (In thousands of dollars) Total ASSETS F.R. notes of other Banks Other cash 21,230,391 1014,688 5,678,563 1183,313 l86l,46l 1364,534 857,927 3839,499 866,802 410,084 829,229 804,974 2519,297 869,250 56,044 182,497 60,901 79,558 22,099,641 1070,732 5,861,060 1244,214 1941,039 564,349 406,602 40,252 25,006 121,847 88,824 50,624 19,108 43,903 30,394 73,569 1 I Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Minne- I Kansas) San Dallas Francisco apolis | City 54,095 30,691 48,919 157,090 43,349 22,171 41,597 28,495 75.060 906,846 3996,589 910,151 432,255 870,826 833,469 2594,357 73,173 26,106 50,979 61,214 18,742 28,877 23,070 9,270 10,241 14,772 30,599 15,051 46,824 57,289 706,659 24,755 Discounts and advances 209,055 9,115 140,045 21,126 61,025 157,465 24,385 5,220 33,333 12,875 8,260 490 Industrial loans 285 181 24 Acceptances: 41,821 Bought outright 41,821 Held under rep. agree, 13,130 13,130 ti. S. Govt, securities: Bought outright— Bills 899,673 49,074 224,991 52,516 79,025 57,483 46,600 157,039 37,206 19,415 38,626 35,257 102,441 Certificates 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 Notes Bonds 2,801,750 152,824 700,664 163,547 246,100 179,012 145,122 489,048 115,866 60,462 120,288 109,798 319.019 Total 23,635,035 1289,197 5,910,673 1379,640 2076,054 1510,113 1224,224 4125,519 977,427 510,044 1014,723 926,233 2691,180 Held under rep. agree. 110-100 110*100 —«• Total g. S. Govt, sees. 23,745,135 1289.197 6,020.773 1379.648 2076.054 1510.113 1224f224 4125.519 977.427 510.044 1014.723 926.211 2691.180 Total loans & securities 24,507,235 1314,237 6,284,779 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 15 83,933 1 l 1 1 2 1 2 / 1 1 1 879,901 294,208 404,565 387,697 410,344 728,451 221,863 130,046 242,705 236,838 457,410 10,664 4,514 9,681 6,996 6,64l 6,823 6,139 5,307 4,926 6,261 10,971 1 1 / 4 4,765,124 371,096 242.262 1388,944 2216,099 1531,239 1285,249 4282,984 1001,812 515,288 1048,056 939,108 2699,440 5,010 13'276 59,46% 13,882 21.017 12.657 43.922 9.828 5.201 10.355 10.194 27.175 52,669,161 2839,610 13,306,541 3015,495 4666,699 3464,115 2721,017 9170,964 2197,413 1120,437 2201,882 2071,521 5893,467 1 1/ After deducting $11,000 participations of other Federal Reserve Banka/ 2/ Less than $500. 15,293 H.4.1XC) VT Total W 1 V - U - L - L . LV1M Boston j New York L IA B IL I TIES 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 VJC -COIA.• n J. -l^LAUJLV-Xl Phila- Cleve- Richmond Atlanta Chicago delphia land (In thousands of dollars; St. Louis Minneapolis Kansas City San Dallas Francisco 27,285,556 1623,365 6,423,758 1721,128 2599,052 2170,171 1288,728 5295,872 1220,391 498,563 1069,683 742,825 2632,020 19,354,601 821,149 5,666,180 891,817 1550,803 858,448 954,857 2992,806 715,775 447,567 847,829 1001,612 2605,758 72,042 37,901 36,485 38,132 47,662 52,577 24,292 23,573 26,851 35,517 49,374 473,777 29,371 8,304 13,494 17,992 38,752 23,874 30,794 17,646 15,570 49,478 12,802 1/ 93,904 342,332 19,722 772 1,536 35,993 324 2,352 1,959 1,462 10,369 1,118 3,459 230 111,737 171,311 888,946 1056,657 2729,877 479,768 917,685 1020,048 3096,323 755,221 963,961 1619,200 5,943,863 20,342,021 570,472 3,720,899 268,682 574,804 239,264 330,178 306,668 350,828 589,611 170,893 108,826 190,771 203,651 386,723 676 1.255 544 588 473 512 663 2,275 1,704 662 570 3,407 13,329 51,361,805 2763,181 12,945,832 2924,923 4550,134 3395,187 2660,192 8984,081 2146,978 1087,669 2149,944 2003,809 5749,875 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 Industrial loan commit. 346,109 809,198 27,543 124,506 17,752 47,013 3,011 8,653 102,357 223,963 7,319 27,070 21,239 55,923 4,489 8,921 32,742 71,550 1,006 11,267 15,732 41,236 3,349 8,611 11,596 31,586 521 6,732 7,442 19,697 1,073 4,556 13,919 30,533 1,137 6,349 19,451 40,871 1,307 6.083 40,490 89,130 2,140 11.832 52,669,161 2839,610 13,306,541 3015.495 4666,699 3464.115 2721.017 9170.964 2197,413 1120.437 2201.882 2071,521 5893,467 88,860 1,101 5,067 2/ 25,030 6,134 19 7,912 77 T>TTO-Gir>xrc 4,534 ,fx m c w n c 1 4,000 A <^ n n T T T J r p Q F. R. notes outstanding |28,561,344 1704,556 6,774,657 1793,376 2695,748 2255,354 Collat. for F. R. notes: Gold certificate acct. 12,273,000 700,000 3,270,000 640,000 1130,000 945,000 8,777 --66,115 Eligible paper 1150,000 3.600.000 1200.000 1600.000 1150.000 U. S. Govt, securities 17,165,000 Total collateral 29,504,115 1850,000 6,870,000 1848,777 2730.000 2295.000 l/ After deducting $248,428,000 participations of other Federal Reserve Banks. 2/ After deducting $63,830,000 participations of other Federal Reserve Banks. 16,659 46,730 36,192 121,504 1,429 762 7,212 17,220 12,713 65 3,289 2,134 3,467 940 4,623 9,957 1366,234 5466,827 1274,821 537,166 1104,171 791,610 2796,824 425,000 2500,000 450,000 130,000 300,000 283,000 1500,000 — — 24,200 — 33,138 1000.000 3100.000 895.000 425.000 820.000 525.000 1500.000 1425.000 5600.000 1369.200 555.000 1153.138 808.000 3000,000
@FedFRASER