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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release J u l y 11, 1957 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of d a i l y f i g u r e s of member bank r e s e r v e s f o r t h e week ending J u l y 10 i n c r e a s e d $443 m i l l i o n t o $19,308 m i l l i o n . Estimated r e q u i r e d r e s e r v e s i n c r e a s e d $208 m i l l i o n ; and e s t i m a t e d excess r e s e r v e s i n c r e a s e d $235 m i l l i o n t o $581 m i l l i o n . Member bank borrowings a t t h e F e d e r a l Reserve Banks exceeded excess r e s e r v e s by $632 m i l l i o n , compared w i t h $721 m i l l i o n t h e week b e f o r e . The p r i n c i p a l changes supplying average r e s e r v e s were i n c r e a s e s of $3^5 m i l l i o n i n F e d e r a l Reserve h o l d i n g s of U, S. Government s e c u r i t i e s and $146 m i l l i o n i n member bank borrowings, and d e c r e a s e s of $115 m i l l i o n i n Treasury d e p o s i t s with F e d e r a l Reserve Banks and $81 m i l l i o n i n f o r e i g n d e p o s i t s with F e d e r a l Reserve Banks. The p r i n c i p a l o f f s e t t i n g changes were an i n c r e a s e of , $167 m i l l i o n i n money i n c i r c u l a t i o n and a decrease of $87 m i l l i o n i n F e d e r a l Reserve f l o a t . T o t a l Reserve Bank c r e d i t i n c r e a s e d $405 m i l l i o n . As of Wednesday, J u l y 10, h o l d i n g s of U. S. Government s e c u r i t i e s bought o u t r i g h t were $121 m i l l i o n h i g h e r than a week e a r l i e r , U. S. Government s e c u r i t i e s held under repurchase agreement were $196 m i l l i o n lower, and member bank borrowings were $198 m i l l i o n l o w e r . Member bank r e s e r v e s , Reserve Bank c r e d i t , and r e l a t e d items Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s - Bought o u t r i g h t — S y s t e m account Held under repurchase agreement Acceptances-Bought o u t r i g h t Held under repurchase agreement Loans, d i s c o u n t s , and a d v a n c e s - Member bank borrowings Other Float T o t a l Reserve Bank c r e d i t Gold stock Treasury currency o u t s t a n d i n g Averages of d a i l y f i g u r e s Change from week ending For week ending July 3 . 1957 I July 11, 1956 J u l y 10. 1957 (In m i l l i o n s of d o l l a r s ) 23,260 183 +229 +116 -566 +173 + + 22 1 5 1 1,213 1 1,111 25,792 22,623 5,108 53,523 +146 +407 2 +797 ±71 +763 Money i n c i r c u l a t i o n Treasury cash h o l d i n g s Treasury d e p o s i t s w i t h F . R. Banks Foreign d e p o s i t s w i t h F . R. Banks Other d e p o s i t s w i t h F . R. Banks Other F . R. accounts ( n e t ) 31,313 765 431 339 +167 +390 Member bank r e s e r v e s — Required r e s e r v e s ( e s t i m a t e d ) Excess r e s e r v e s ( e s t i m a t e d ) 19.308 18,727 581 290 - 87 +405 + -115 - 81 6 1,077 34,215 +334 - 1 - 58 -111 - 5 6 + 30 + 87 +595 +443 +208 +235 +268 +442 -174 For Wednesday F e d e r a l Reserve f i g u r e s see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED - a t t a c h e d . L a t e s t Wednesday f i g u r e s f o r o t h e r items a p p e a r i n g above a r e , i n m i l l i o n s of d o l l a r s : Gold s t o c k 22,624 Treasury cash h o l d i n g s 767 Treasury currency o u t s t a n d i n g 5,108 Member bank) - Required ( e s t . ) 18,711 Money i n c i r c u l a t i o n 31,235 r e s e r v e s ) - Excess (est.) 157 On J u l y 10, 1957, U. S. Government s e c u r i t i e s h e l d i n custody by t h e F e d e r a l Reserve Banks f o r f o r e i g n account were $3,865 m i l l i o n , an i n c r e a s e of $107 m i l l i o n f o r t h e week and an i n c r e a s e of $239 m i l l i o n from t h e comparable d a t e a y e a r ago. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) H,4.1(a) ASSETS 21,096,391 848,149 2)~9a>0 307,611 330,419 908,260 754 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances I n d u s t r i a l loans Acceptances: Bought o u t r i g h t Held under repurchase agreement U. S, Government s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates Notes Bonds Total bought o u t r i g h t Held under repurchase agreement Total U. S. Government s e c u r i t i e s 22,923 Change since + + + - + 45,746 17,644 198,053 24 998 890 + TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: 554,029 11,362,199 8,571,413 2,801.750 23,289,391 40,200 23,329,591 + 24,261,528 22 4,653,362 79,412 247,896 51,824,790 26,852,282 18,867,940 407,568 344,516 279,132 19,899,156 3,671,936 15.204 50,438^578 Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS C a p i t a l paid i n Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS + 5,691 + 206,641 429,500 582,500 • 4- - 120,900 195,600 74,700 - 359,641 38,700 320,941 - 272,621 - 59,691 + - - 369,465 138 13,322 565:236 - 41,210 + + • - + • - - 152,273 144,744 69,667 14,655 352,029 182,713 437 576,389 - + 106,549 11,5U 12.586 682.667 + 339,814 • 4+ 4- 244,978 86,759 + 18,263 5.582 4- 170,900 •> 61,859 4523 4- 573,096 117 + 11,036 965,236 + + .4% 4- 1,2# 4- 684 2k + 20,224 761 + 46.9$ 64,916 1,757 120,900 -- 333,079 747,593 27,543 277,997 51,824,790 Ratio of gold c e r t i f i c a t e reserves t o deposit and F. R. note l i a b i l i t i e s combined Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents I n d u s t r i a l loan commitments 810,998 7.347 + 803,651 + 44,164 23,005 + 255,711 152 - «•> « • - Total loans and s e c u r i t i e s Due from f o r e i g n banks Uncollected cash items Bank premises Other a s s e t s July 11, 1956 J u l y 3, 1957 J u l y 10, 1957 + - - + 16,558 53,981 39,032 4- 682,667 ~ MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JULY 10, 1957 (Acceptances and s e c u r i t i e s held under repurchase agreement are c l a s s i f i e d as maturing w i t h i n 15 days in accordance with maximum m a t u r i t y of the agreements *) Within 15 days 16 days t o 90 days 91 days t o 1 year Over 1 year t o 5 years Over 5 years t o 10 years 10 years Digitized Over for FRASER Total Discounts and advances 903,295 4,965 908,260 Industrial loans 72 431 190 75* Acceptances 6,921 16,002 22,923 U. S. Government securities 164,166 14,869,175 5,506,993 680,635 750,375 1.358,247 23,329,591 STATEMENT OF CONDITION OF EACH FEDERftli RESEBTO! BAlBCQIf' 3ULY10,1957 St. Phila- Cleve- Richmond Atlanta Chicago New York Boston Louis land delphia "fin thousands of dollars) E.4.1(b) Total ASSETS Gold c e r t i f i c a t e account Redemption fund f o r F, R. notes Total gold c e r t i f i c a t e reserves 21,096,391 1027,535 848,149 56.448 21,944,540 1083,983 5,762,123 1088,691 1797,229 1326,222 172.831 58,784 74,736 76,372 5,934,954 1147,475 1871,965 1402,594 850,104 3825,317 #inneapolis Kansas City 866,334 387,282 867,40q 151,531 42,555 22,545 40,561 899,029 3976,848 908,889 409,827 907,968 48,925 Pallas San Francisco 773,131 2525,016 25,341 77,520 798,472 2602,536 F.R. notes of other Banks Other cash 307,611 330,419 14,561 21,730 63,542 77,257 22,539 16,935 16,752 33,106 17,288 15,043 65,489 25,636 26,401 48,315 9,390 18,027 10,374 6,955 7,900 11,371 20,734 14,200 32,241 41,844 Discounts and advances Industrial loans AcceptancesBought outright U. S. Govt, s e c u r i t i e s ; Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 908,260 47,830 327 175,075 147,275 396 197,560 34,505 27,970 114,115 11,600 17,590 31 68,490 36,150 30,100 754 22,923 22,923 30,220 554,029 11,362,199 619,763 8,571,413 467,536 2,801,750 152,824 23,209,391 1270,343 ill IIIIII fill I g 1 ff 40,200 40,200 Total U. S. Govt, s e e s . 23.329,591 1270,343 5,864,434 1359,472 2045,694 1488,029 1206,321 4065,186 963,133 502,585 999,883 912,688 2651,823 Total loans & s e c u r i t i e s 24^261,528 1318,500 6,062,432 1507,143 2243,254 1522,534 1234,291 4179,301 974,733 520,206 1068,373 948,838 2681,923 Due from f o r e i g n banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 22 4,653,362 79,412 247,896 1 401,389 5,184 13.337 30 60(588 S;i Toi % 37°;gl 756;i 14,167 21.522 12,810 45,206 10,045 5,330 1:i 20°;i « 10,577 10,307—28,262 51,824,790 2858,685 13,037,989 3013,711 4594,921 3349,584 2612,827 9033,507 2121,531 1083,015 2236,982 1998,243 5883,795 1 / A f t e r deducting $16,000 participations of other Federal Reserve Banks. 15.745 2 R.4.1(c) Total L I A B I L I T I E S Federal Reserve notes Deposits: Member bank r e s e r v e s U.S.Treas.-gen.acct. Foreign Other Total deposits Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 10, 1957 • r— > gtT~ Cleve- — PhilaChicago A t l a n t a Richmond New York delphia Boston Louis land (In thousands of d o l l a r s ) 26,852,282 1621,350 18,867,940 407,568 344,516 279,132 19,899,156 846,352 23,220 19,256 737 889,565 3,671,936 266,232 Kansas City Dallas San Francisco 6,305,436 1708,560 2539,453 2117,523 1265,530 5186,177 1188,680 481,016 1067,913 5,355,967 911,912 1539,337 801,798 50,453 31,445 31,791 36,730 1/105,808 23,240 29,880 16,932 220,190 10,642 1,243 3,136 5,732,418 977,239 1602,251 858,596 934,368 2967,732 687,165 22,308 34,144 24,543 14,940 47,144 12,284 1,390 1,510 635 973,006 3050,530 724,627 427,204 24,437 7,968 453 460,062 866,403 1001,440 2528,262 53,437 36,686 38,374 12,616 17,264 37,184 1.018 2,6o6 __ 35,572 933,474 1057,996 2639,392 308,866 106,850 179,188 617,712 231,144 327,696 298,630 591,220 154,059 692,843 2677,801 177,699 412,640 852 4.393 630 1,670 743 584 2,680 535 524 827 559 1,207 15,204 12777,99T12,659,959 2917,573 4471,070 3275,492 2547,986 8830,607 2067,901 1040,452 2181,402 1929,097 5731,040 50,430,570 CAPITAL ACCOUNTS 17,164 95,219 21,098 32,058 15,341 333,079 C a p i t a l paid i n 43,948 208,002 52,301 66,393 37,594 747,593 Surplus (Section 7) 3 Oil 7,319 4,489 1,006 3,349 27,543 Surplus (Section 13b) 16^563 67]490 18,250 24,394 17,808 277,997 Other c a p i t a l accounts TOTAL LIABILITIES AND 51,824,790 2858,685 13,037,989 3013,711 4594,921 3349,584 CAPITAL ACCOUNTS Conting. l i a b . on a c c e p t ances purchased f o r 3,764 2/18,252 4,543 5,841 3,310 64,916 f o r e i g n correspondents 14 13 -1,757 I n d u s t r i a l loan commit. r iSJUJMXHli nl!iO.Dnv& HKjsitriio 27,796,000 1662,090 6,549,894 1774,893 2611,577 2179,490 F, R. notes outstanding C o l l a t . f o r F. R. n o t e s : Gold c e r t i f i c a t e a c c t . 11,878,000 580 000 3,170,000 640,000 1130,000 895,000 147,275 -— 227,365 E l i g i b l e paper 1150 000 3,600,000 1200,000 1550,000 1310,000 U. S. Govt, s e c u r i t i e s 16,955,000 r * £ T~7r\ r\r\r\ in(h o7c nnn nno Total c o l l a t e r a l 29,060,365 1730 000 0,7T0,U00 lyo( , c ( 5 coou,uuu c.cx>i.uuu 1 / A f t e r deducting $238,7( )8,000 p a r t : Lcipations of other Federal Reserve Banks. 2 / A f t e r deducting $46,6( 54,000 p a r t :Lcipations of other Federal Reserve Banks. Minneapolis 16,154 33,179 762 14,746 45,561 110,421 1,429 45,489 11,383 29,331 521 12,395 7,320 18,520 1,073 7,650 13,562 27,983 1,137 12,898 18,721 37,508 1,307 11,610 39,498 82,413 2,l4o 28,704 2612,827 9033,507 2121,531 1083,015 2236,982 1998,243 5883,795 2,921 -- 9,216 82 2,401 -- 1324,101 5290,706 1239,650 400,000 2400,000 — — 1000,000 3000,000 1i.tuv,vuu liOO nno ^4oo 000 1,558 -- 2,466 1,648 530,129 1088,669 3,375 7,269 . , — 740,374 2005,219 450,000 130,000 300,000 283,000 11,600 — 68,490 875,000 425,000 820,000 525,000 808,000. •1^^6-600 * - J SS5.000 — j 1188.490 t / —i-i-—' 1500,000 1500,000 «•3000*000 t •• •
@FedFRASER