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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Reltease July 10, 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 July 9 decreased $50 million to $18,809 million. Estimated required reserves decreased $157 million; and estimated excess reserves increased $107 million to $790 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $64-7 million, compared with $586 million the week before. The principal changes reducing average reserves were increases of $221 million in money in circulation and $43 million in Treasury deposits with Federal Reserve Banks, and a decrease of $43 million in gold stock. The principal offsetting changes were increases of $132 million in Federal Reserve float, $46 million in member bank borrowings,and $34 million in Federal Reserve holdings of U. S. Government securities. Total Reserve Bank credit increased $209 million. As of Wednesday, July 9; holdings of U. S. Government securities bought outright were $18 million lower than a week earlier and member bank borrowings were $49 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) Averages of daily figures Change from week ending For week endingj July 10, I22L July 9, 1958 I July 2, T95H (In millions of dollars) 25,456 -- 43 143 * 947 +2,196 - 183 - + 1 - 2 + 46 - -» +132 26,589 +209 5,202 - 1 21,306 - 43 53,097 +1^5 31,384 677 489 +221 - 10 + 43 - 3 - 28 265 377 1,097 3V,289 Member bank reserves-Required reserves (estimated) Excess reserves (estimated) * Less than $500,000. + 37 - 3 18,809 10,019 790 21 1 -1,070 1 164 + 797 -1,317 + 94 - 426 + - 71 88 - 74 + + 58 87 - 8 +216 + + 20 74 - 50 -157 +107 + 499 713 214 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 21,307 Treasury cash holdings 690 Treasury currency outstanding 5,201 Member bank) - Required (est,) 17,99^ Money in circulation 31,378 reserves ) - Excess (est.) 515 On July 9, 1958, U, S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,992 million, an increase of $46 million for the week and a decrease of $873 million from the comparable date Digitized FRASER a for year ago. H.4.1(a) STATEMENT 6|| :VE BANKS COMBINED OF THE TWELVE FEDERAL (In thousands of dollars) Change since July 10, July 2, 1957 1958 July 9, 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 U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 25,440,172 - 18,000 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 25,611,487 15 4,730,095 89,237 222,992 51,983,931 + 29,585 + + - 226,217 343 14,720 176,273 4,000 19,885,393 841,772 20,727,165 277,176 325,764 128,724 343 42,248 -tS 14,751 4,838 48,585 1,000 2,704,810 19,946,105 25,440,172 - -- 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 -1,210,998 6,377 -1,217,375 30,435 4,655 - 779,536 411 + 19,325 18,000 +2,150,781 +8,583,906 -8,571,413 18,000 +2,150,781 40,200 +2,110,581 - - +1,349,959 7 + 76,733 + 9,825 24,904 + 159,141 26,888,770 38,696 + 36,488 18,513,492 642,978 264,220 380,066 19,800,756 3,886,295 13,963 50,589,784 - 223,248 + 174,956 + 8,304 .7,032 -47,020 - 181,563 + 354,448 235,410 + + 100,934 98,400 214,359 1,241 354,279 809,198 27,543 203,127 51,963,931 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + 818 - 189,069 484 + - 12,312 176,273 80,296 + 151,206 + + 21,200 61,605 74,870 2,! 44,4$ 111,535 991 - 3,253 46,619 766 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JULY 9, 1958 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advances 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 125,328 3,396 Industrial loans 162 20 Acceptances 15,587 26,661 72 89 128,724 U$ S. Government securities 531,450 9,115,693 13,364,558 1,013,614 56,610 42,248 1,358,247 25,440,172 5.4.1(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' ON JULY 9, 1958 St. ClevePhilaBoston Richmond Atlanta Chicago New York Louis delphia land . (In thousands of dollars) 19,885,393 1043,560 841,772 20,727,165 5,523,113 1077,410 1649,573 1168,758 53,126 169,317 56,042 78,802 77,477 820,974 3497,350 46,584 151,920 Minneapolis Kansas City Dallas 778,179 432,681 798,791 692,248 2402,756 41,885 21,487 40,434 27,565 San Francisco 77,133 1096,686 5,692,430 1133,452 1728,375 1246,235 867,558 3649,270 820,064 454,168 839,225 719,813 2479,889 F.R. notes of other Banks Other cash 277,176 325,764 22,316 12,538 64,081 63,202 23,631 I8,4l8 37,083 14,065 16,543 15,323 48,868 29,121 21,475 51,113 8,343 18,121 12,726 6,982 16,458 Discounts and advances Industrial loans Acceptances— • Bought outright U. S. Govt, securities: Bought outrightBills Certificates Notes Bonds Total Held under repurchase agreement 128,724 343 2,345 327 1,925 1,410 15,100 3,525 1,970 85,915 600 6,658 16 8,376 900 8,059 9,357 14,878 31,466 38,773 42,248 2,704,810 19,946,105 147,273 682,067 155,483 239,443 176,062 137,628 472,476 110,340 56,901 115,449 105,950 305,738 1086,025 5,029,769 1146,582 1765,729 1298,332 1014,918 3484,186 813,681 419,606 851,360 781,309 2254,608 703,361 160,338 246,919 160 2,789,257 151,869 ' 1462?,403 2252,091 25,440,172 1385,167 6,415,197 181,558 141,926 487,227 113,785 58,678 119,054 109.258 315,284 1655,952 1294,472 4443,889 1037,806 535,185 1085,863 996,517 2875,630 Total U. S. Govt, sees. 25,440,172 1385,167 6,415,197 1462,403 2252,091 1655,952 1294,472 4443,889 1037,806 535,185 1085,863 996,517 2875,630 Total loans & securities 25,611,487 1387,839 6,459,370 1463,813 2267,191 1659,477 1296,442 4529,804 1038,406 541,859 1094,239 997,417 2875,630 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 15 4,730,095 89,237 222,992 1 342,478 4,803 12,088 1 / 4 1 892,549 298,057 10,666 4,379 54,886 12,597 1 409,385 9,963 19,860 6,788 14,399 1 2 1 2 / 1 1 1 396,493 723,792 200,078 132,223 271,294 225,471 455,562 8,340 8,084 6,926 5,275 4,882 7,496 11,635 11,417 40,494 8,926 4,694 10,009 8,836 24,786 51,983,931 2878,749 13,237,188 2954,348 4485,923 3341,479 2658,240 9024,034 2100,865 1159,004 2235,989 1990,370 5917,742 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500* 1 382,713 E.k.lXc) 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 JULY 9. 1958 PhilaCleveSt. Boston I New York Richmond Atlanta Chicago delphia land Louis (In thousands of dollars) 26,888,770 1610,889 Minneapolis Kansas City Dallas San Francisco 6,363,732 1682,785 2487,545 2064,062 1285,349 5189,924 1185,670 548,840 1069,587 728,207 2672,180 5*315,747 126,917 1/84,720 323.227 925,925 2552,921 43,984 79,229 380.066 46,944 14,250 • 369 19,800,756 884,571 5,850,611 3,886,295 301,694 637,366 18,513,492 642,978 264,220 823,008 874,176 1465,480 32,008 44,506 17,250 22,250 9.932 912 933,366 1533,148 819,830 53,175 12,750 3.501 889,256 906,133 2905,950 655,200 50,637 67,902 31,736 11,250 35,750 9,250 1.539 1.150 2.361 969,559 3010,752 698,547 431,415 22,690 6,000 245 460,350 837,707 43,250 9,750 1.035 891,742 13,000 1,504 34.291 984,413 2694,441 28,000 242,067 313,173 336,832 114,227 218,450 206,064 396,776 339,271 617,999 162,376 13.963 954 3.235 590 1.812 739 685 2.093 535 712 612 579 1.417 50,589,784 2798,108 12,854,944 2858,808 4361,776 3267,230 2592,425 8820,768 2047,128 1124,129 2180,391 1919,263 5764,814 CAPITAL ACCOUNTS Capital p a i d i n 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. 354,279 809,198 27,543 203.127 17,903 47,013 3,011 12.714 21,619 55,923 4,489 13.509 33,381 71,550 1,006 18.210 16,029 41,236 3,349 13.635 17,803 36,192 762 11.058 48,784 121,504 1,429 31.549 11,915 31,586 521 9,715 8,150 19,697 1,073 5.955 14,338 30,533 1,137 9,590 20,019 40,871 1,307 8,910 40,778 89,130 2,140 20,880 51,983.931 2878,749 13,237.188 2954,348 4485,923 3341.479 2658.240 9024.034 2100,865 1159,004 2235,989 1990,370 5917,742 111,535 991 6,304 F. R. notes outstanding 27,667,318 1644,409 Collat. for F. R. notes: Gold certificate acct. 11,578,000 700,000 Eligible paper 10,386 U. S. Govt, securities 17,420.000 1150.000 Total collateral 29,008.386 1850.000 1/ After deducting $179,500,000 participations 2/ After deducting $ 79,411,000 participations 103,560 223,963 7,319 47.402 2/32,124 7,632 5,751 12,387 9,844 5,641 4,977 15,816 4,092 51 FEDERAL RESERVE AGENTS' ACCOUNTS 6,543,362 1735,375 2552,122 2124,971 1346,772 5283,472 1225,709 563,475 1097,462 770,108 2780,081 3,270,000 155,000 300,000 283,000 1300,000 425.000 820.000 580.000 1128.376 525.000 1700,000 808.000 3000,000 640,000 1000,000 775,000 425,000 2300,000 430,000 3.600.000 1200.000 1600.000 1400.000 1000.000 3100.000 900.000 6.870.000 1841.410 2600.000 2175.000 1425.000 5400.000 1330.600 of other Federal Reserve Banks! of other Federal Reserve Banks. 2,654 4,313 940
@FedFRASER