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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release July 16, 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 bank reserves for the week ended July 15 increased $188 million to $18,640 million. Estimated required reserves increased $204 million; and estimated excess reserves decreased $16 million to $5l6 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $486 million, compared with $495 million the week before. The principal changes supplying average reserves were an increase of $19+ million in Federal Reserve holdings of U. S. Government securities, and a decrease of $122 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $89 million in money in circulation, and decreases of $26 million in Federal Reserve float and $25 million in member bank borrowings. Total Reserve Bank credit increased $l4g million. As of Wednesday, July 15, holdings of U. S. Government securities bought outright were $128 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $54 million lower, and member bank borrowings were $256 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U% S. Government securitiesBought outright--System account Held under repurchase agreement Acceptances--bought outright Loans, discounts, and advancesMember bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Averages of daily figures Week ended Change from week ended July 15, July 8, July 16, 1959 1959 1958 (In millions of dollars) Wednesday July 15, 1959 26,383 111 26 +128 + 66 +1,121 + 111 16 26, 383 36 25 1,002 18 922 28, 462 19,695 5, 296-S3 53, - 25 + 1 - 26 +143 - 9 + 88? + 18 57 +2,064 -1, 605 + 88 + 546 75 8 22 1, 009 28,234 19,681 5,290.? 3 53,2©5 <H1 - - +133 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) 32, 2©t 144- + 89 419 + 7 -122 394 269 - 9 - 22 338 + 2 1,185 34,80T>- O - 54 + 826 - 267 - 103 89 33 + 90 + 425 32,±e4o<n 421 422 240 335 1,183 34,794 M i Member bank reservesRequired reserves (estimated) Excess reserves (estimated) 18,640 18,124 516 + 122 + 175 53 18,500 18,130 370 +188 +204 - 16 On July 15, 1959, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $4,067 million, an increase of $36 million for the week and an increase of $1,013 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF 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 U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 18, 458,144 932,721 19,390,8^5 308,091 359,160 780,274 - - + - + + - 25,396 2,381,900 18,649,726 2,867,565 2,483,771 26,362,962 35,500 26,418,462 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS since July 16, 1958 July 8, 1959 July 15, 1959 27,224,132 + P. + - - 380,626 - 197,810 -1,296,379 +2,867,565 128,000 53,500 7^7500 - 305,486 +1,067,890 + 35,500 +1,103,390 176,822 +1,755,108 • • •» - — 27,612,207 868,4l0 207,504 54,001,219 128,000 — — + 20,136 15,391 666,910 342 14,850 — — + + C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS - + + — — 6,409,262 96,381 213,313 54,001,219 18,499,629 421,983 239,948 335,154 19,496,714 5,399,874 35,884 52,544,679 -1,377,747 + 68,255 -1,309,492 - - 15 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 26,999 3,968 23,031 45,659 16,46l 251,321 1 +1,332,438 566 13,357 4-1, 208/628 + + 591,119 6,885 - 24,968 +1,013,907 17,964 + 751,485 141,744 38,797 22,177 15,622 + 65,148 +1,147,164 + 2,724 +1,197,072 + + + + 311,232 3,930 117,773 17,796 442,871 633,718 21,370 963,702 + - + 107 - - 11,449 +1,208,628 + + 1/+ 26,132 31,669 7,596 +1,013,907 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 41.2# .1 $ 3.0<?o Contingent liability on acceptances purchased for foreign correspondents 74,093 679 36,301 Industrial loan commitments ^ 636 355 5 1/ Net change after elimination of Sec. 13b surplus of $27,543,000 on Sept. 2, 1958. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 15, 1959 (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 Over 10 years Total Discounts and advances 770,508 " 9,558 208 Industrial U. S. Government Acceptances loans securities 8,579 333,300 16,817 9,442,433 11,291,393 3,881,179 410,385 780,274 257396 1,059,772 26,418,462 H.4.l(b) Total A S S E T S 18,458,144 874,705 932,721 56,322 19,390,865 931,027 Minneapolis Kansas City Dallas San Francisco 4,702,470 1048,422 1729,733 1015,692 905,896 3239,663 747,185 422,623 698,921 666,609 2406,225 194,285 61,127 84,796 80,312 58,264 177,057 43,046 22,610 44,214 28,835 81,853 4,896,7551109,549 1814,529 1096,004 964,160 3416,720 790,231 445, 233 743,135 695,444 2488,078 F.R. notes of other Banks Other cash 308,091 359,160 22,967 24,312 66,423 65,780 22,317 20,037 9,862 32,158 25,789 21,715 46,484 32,447 25,412 56,102 10,743 24,608 12,916 9,949 17,957 12,350 14,249 13,204 CDfO Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 15, 1959 St. Cleve PhilaBoston New York Richmond Atlanta Chicago Louis delphia land (In thousands of dollars J Discounts and advances Industrial loans Acceptances-Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 780,274 29,825 173,760 41,802 39,005 62,950 56,794 133,617 18,534 26,654 104,140 25,839 67,354 599,410 135,831 206,220 1011,095 4,693,24l 1063,519 l6l4,656 155,465 721,628 163,526 248,268 134,658 625,046 l4l,639 215,040 1430,352 6,639,325 1504,515 2284,184 152,650 1195,224 183,777 159,180 1690,831 96,872 54,252 102,672 95,072 758,484 424,785 803,897 744,385 116,624 65,315 123,606 114,456 101,015 56,573 107,063 99,137 1072,995 600,925 1137,238 1053,050 272,058 2130,153 327,530 283,694 3013,435 25,396 25,396 2,381,900 129,134 18,649,726 2,867,565 2,483,771 26,382,962 125,536 982,915 151,132 130,905 1390,488 412,193 3227,372 496,238 429,821 4565,624 35,500 Total U. S. Govt, sees. 26.4l8.462 1430,352 6.674.825 1504.515 2284.184 1.690.831 1390.488 4565.624 1072.995 600.925 1117.218 1051.050 1011.415 Total loans & securities 27,224,132 1460,177 6,873,981 1546,317 2323,189 1753,781 1447,282 4699,24i 1091,529 627,579 I24l,378 1078,889 3080,789 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS % 1 1 / 4 l 1 l 1 1 1 1 2 1 15 6,409,262 416,707 1,139,941 373,022 641,871 529,332 539,889 1033,547 275,696 178,524 319,786 288,304 672,543 96,381 4,497 10,143 4,143 9,304 6,992 5,153 4,701 9,125 12,325 9,771 13,262 6,965 52.450 11.825 18.145 11.489 12,219 15.917 8.791 4,814 , 9,989 8,76) 25,028. 213x313 11.643 54,001,219 2871,331 13,105,477 3087,211 4849,259 3447,103 3052,253 9280,223 2208,566 1284,288 2349,297 2107,977 6358,234 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. H.4.1(c) Total L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S.Trees.- 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 15, 1959 , . Phi laCleve, ... . L, . St. TT Boston New York d e l p h i a Richmond Atlanta [Chicago L o u l g land (In thousands of dollars) Minneapolis Kansas San city Dallas Francisco 27,612,207 1612,581 6,390,568 1758,998 2550,065 2066,037 1497,647 5262,449 1209,879 616,375 1109,792 787,541 2750,275 18,499,629 760,666 5,008,871 882,640 1559,607 816,196 980,713 2830,570 665,647 447,230 881,938 943,463 2722,088 421,983 31,449 38,857 24,609 33,413 42,722 19,396 52,565 39,849 22,289 23,003 31,572 62,259 12,650 1/74,348 15,180 20,700 11,500 10,810 34,040 8,510 5,520 8,970 11,960 25,760 239,948 693 281,619 1,566 881 3,317 1,595 1,607 495 345 1,261 1,238 40,537 335,154 19,496,714 805,458 5,403,695 923,995 l6l4,6oi 873,735 1012,514 2918,782 714,501 475,384 915,172 988,233 2850,644 5,399,874 369,434 904,709 306,277 550,427 429,568 469,831 876,601 226,751 155,816 264,253 256,248 589,959 2,094 9,717 1,859 3,169 1,938 1,796 5,861 1,282 1,064 1,468 1,976 3,660 35,884 52,544,679 2789,567 12,708,689 2991,129 4718,262 3371,278 2981,788 9063,693 2152,413 1248,639 2290,685 2033,998 6194,538 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign, correspondents Industrial loan commit. 380,626 868,410 207,504 18,843 50,116 12,805 22,730 59,607 13,745 35,961 76,643 18,393 17,057 44,846 13,922 19,618 52,115 39,474 132,159 11,373 32,256 12,713 33,746 9,694 8,660 20,785 6,204 15,545 32,935 10,132 21,882 43,436 8,66l 45,790 95,761 22,145 54,001,219 2871,331 13,105,477 3087,211 4849,259 3447,103 3052,253 9280,223 2208,566 1284,288 2349,297 2107,977 6358,234 74,093 355 4,075 P. R. notes outstanding 28,511,741 1666,837 Collat. for F. R. notes: Gold certificate acct. 10,750,000 580,000 Eligible paper 148,062 U. S. Govt, securities 18,710,000 1150,000 Total collateral 29,608,062 1730,000 1/ After deducting $165,600,000 partiLcipations 2/ After deducting $53,352,000 part:Lcipations 109,712 238,902 48,174 2/20,741 4,891 6,669 3,705 3,483 10,967 2,742 1,778 2,890 3,853 8,299 FEDERAL RESERVE AGENTS' ACCOUNTS 6,610,771 1815,223 2599,838 2139,529 1563,172 5370,886 1251,852 630,920 1140,020 831,954 2890,739 2,920,000 640,000 920,000 670,000 500,000 2000,000 430,000 200,000 300,000 290,000 1300,000 -26,680 --——— 17,905 103,477 ~4,000,000 1200,000 1750,000 1500,000 1100,000 3500,000 935,000 450,000 850,000 575,000 1700,000 6,920,000 1866,680 2670,000 2170,000 1600,000 5500,000 1382,905 650,000 1253,477 865,000 3000,000 of other Federal Reserve Banks. of other Federal Reserve Banks. !
@FedFRASER