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H.4,1
BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM
For Immediate Release
July 17, 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 l6 decreased $291 million to $18,518 million. Estimated required reserves
decreased $98 million; and estimated excess reserves decreased $193 million to
$562 million. Excess reserves exceeded member bank borrowings at the Federal
Reserve Banks by $447 million, compared with $6l2 million the week before.
The principal changes reducing average reserves were decreases of
$194 million in U. S. Government securities bought outright and $28 million in
member bank borrowings, and an increase of $93 million in foreign deposits with
Federal Reserve Banks. The principal offsetting change was an increase of $32 million in Federal Reserve float. Total Reserve Bank credit decreased $191 million.
As of Wednesday, July 16, holdings of U« S» Government securities bought
outright were $125 million lower than a week earlier and member bank borrowings
were $15 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 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)
* Less than $500,000.
Averages of daily figures
For week ending
Change from week ending
July 16. 1958
July 9, 1958 I July 17. 1957
(In millions of dollars)
25,262
-194
--
—
42
115
*
-
1
- 28
--
979
26,398
21,300
5,202
52,900
+ 32
-191
31,375
- 9
+ 9
+ 8
+ 93
686
497
358
371
1,095
34,382
18,518
17,956
562
- 6
-197
- 6
- 2
+ 93
-291
-193
+2,010
67
+
19
-
944
3
- .257
+ 757
-1,325
+ „ 94
- 473
+
+
+
+
+
191
84
42
55
92
22
209
-
682
680
2
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
21,283
Treasury cash holdings
693
Treasury currency outstanding
5,202
Member bank) - Required (est.) 17,981
Money in circulation
31*280
reserves ) - Excess
(est.)
830
On July 1 6 , 1958, U. S. Government securities held in custody by the
Federal Reserve Banks for foreign account were $3,054 million, an increase of
$62 million for the week and a decrease of $607 million from the comparable date
a year ago.
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(in thousands of dollars)
H.4.1(a)
Change since
July 17,
July 9,
1958
1957
July 16,
1958
ASSETS
Gold certificate account
Redemption fund for F. R. notes
Total gold certificate reserves
F. R. notes of other Banks
Other cash
Discounts and advances
Industrial loans
Acceptances—bought outright
U. S. Government securities:
Bought outright-Bills
Certificates
Notes
Bonds
Total bought outright
Held under repurchase agreement
Total U. S. Government securities
19,835,891
864,466
20,700,357
328,227
343,769
113,364
342
40,246
49,502
22,694
+
26,808
-
+
+
51,051
18,005
15,360
1
2,002
-
-
125,100
2,579,710
19,946,105
--
--
--
2,789,257
25,315,072
- «
~
125,100
-
125,100
-
142,463
--
25,315,072
Total loans and securities
Due from foreign banks
Uncollected cash items
Bank premises
Other assets
TOTAL ASSETS
25,469,024
15
5,818,143
89,496
238,281
52,987,312
L I A B I L I T I E S
Federal Reserve; notes
~*
Deposits:
Member bank reserves
U. S. Treasurer—general account
Foreign
Other
Total deposits
Deferred availability cash items
Other liabilities and accrued dividends
TOTAL LIABILITIES
26,860,722
C A P I T A L
A C C O U N T S
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
+1,088,048
+
259
+
15,289
+1,003,381
28,048
•
18,810,861
418,053
357,721
352,950
19,939,585
4,766,156
14,514
51,580,977
+
+
+
+
297,369
224,925
93,501
27,116
138,829
879,861
551
991,193
354,494
+
215
809,198
27,543
215,100
52,987,312
Ratio of gold certificate reserves to deposit
and F. R. note liabilities combined
Contingent liability on acceptances purchased
for foreign correspondents
Industrial loan commitments
—
44.2$
110,394
991
+
-
+
-
1,259,501
18,798
- 1,240,703
+
+
11,973
+1,003,381
-
•
.2%
1,141
•
-
+
26,146
11,714
530,431
309
17,323
+2,008,431
+8,583,906
8,571,413
12,493
+2,008,431
67,500
+1,940,931
+1,427,514
7
122,294
+
9,904
22,550
14,004
+
+
-
-
+
94,170
136,024
108,799
95,788
86,389
+
254,222
166,554
1,424
5,078
+
+
21,219
61,605
+
-
-
+
73,898
14,004
2.5$
-
+
-
46,484
767
MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JULY l6, 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
Over 10 years
Total
Discounts and
advances
109,088
4,276
Industrial
loans
161
20
Acceptances
14,902
25,344
77
84
113,364
W
U. S. Government
securities
547,350
8,974,693
13,364,558
1,013,614
56,610
40,246
1,358.247
25,315,072
n.4.i(b)
Total
ASSETS
Gold certificate account
Redemption- fund for
F. R. -notes
Total gold certificate
reserves
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE
PhilaCleveBoston
New York
Richmond
delphia
land
{In thousands
BAMK OH JULY 16. 1958
r " "?
St.
Atlanta Chicago
Louis
of dollars)
19,835,891 961,248 5,248,519 1093,478 1651,282 1162,557 800,227 3652,269 803,5#
864,466
53,04?
178,841 . 57,906
78,654
76,916
49,021 161,781
41,841
Minneapolis
Kansas
City
Dallas
San
Francisco
437,347 843,301 711,207 2450,872
21,452
40,408
27,540
77,059
20,700,357 1034,295 5,427,360 1151,384 1729,936 1239,473 849,248 3814,050 845,425 458,799 883,709 738,747 2527,931
15,226
F.R, notes of other Banks
Other cash
328,227
343,769
20,497
23,322
73,105
66,729
30,622
19,699
36,028
16,682
53,659
30,927
23,981
53,299
12,221
19,991
15,210
9,088
8,945
10,123
15,134
Discounts and advances
Industrial loans
Acceptances-Bought outright
U. S. Govt, securities:
Bought outright—
Bills
Certificates
Notes
Bonds
Total
Held under repurchase
agreement
113,364
342
1,270
32?
4,485
1,090
16,450
5,500
7,530
49,670
9,250
9,208
15
7,811
1,100
40,246
- -
40,246
19,082
- -
—
--
16,565
—
39,114
42,74?
—
--
2,579,710 l4o,46l
650,521 148,291 228,369 167,919 131,263 450,624 105,237 54,269 110,109 101,050 291,597
19,946,105 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
2,789,257 151,869
703,361 160,338 246,919 181,558 141,926 487,227 113,785 58,678 119.054 109.258 115.28k
25,315,072 1378,355 6,383,651 1455,211 2241,01? 1647,809 1288,10? 4422,037 1032,703 532,553 1080,523 991,617 2861,489
Total U. Si Govt, sees.
25,315,072 1378,355 6,383,651 1455,211 2241,017 1647,809 1288,107 4422,037 1032,703 532,553 1080,523 991,617 2861,489
Total loans & securities
25,469,024 1379,952 6,428,382 1456,301 2257,467 1653,309 1295,637 4471,707 1041,953 541,776 1088,334 992,717 2861,489
Due from foreign banks
Uncollected cash items
Bank premises
Other assets
TOTAL ASSETS
15
1 1 / 4
1
1
1
1
2
1 2 /
1
1
1
5,818,143 416,748 1,107,887 363,183 548,491 463,815 474,422 922,925 246,6?3 161,977 286,119 273,400 552,503
89,496
4,803
10,668
4,379
9,951
6,789
8,340
6,293
6,926
5,275
4,882
7,555 11,635
238,281 12,780
58,820 13,443 21,094 15,352 12,190 43,193
9,525 , 5,025 10,634 „ 9,607 26,620
52,987,312 2892,398 13,172,955 3039,012 4618,194 3414,503 2724,424 9337,450 2182,715 1197,148 2292,74? 2053,726 6062,040
1/ After deducting $11,000 participations of other Federal Reserve Banks,
2/
Less
than $500.
3.4.1(c)
Total
LIABILITIES
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
CAPITAL ACCOUNTS
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
TOTAL LIABILITIES AMD
CAPITAL ACCOUNTS
Conting. liab. on acceptances purchased for
foreign correspondents
Industrial loan commit.
26,360,722
STATEMENT OF CONDIT]CON OF EACH FEDERAJ RESERVE BANK ON JULY 16. 1958
St.
Boston J New York Phila- Cleve- Richmond Atlanta J Chicago
delphia land
Louis
1609,900 6,346,922 1681,146 2489,608 2064,310 1290,774 5186,946 1186,476
18,810,861
418,053
357,721
3.52,950.
19,939,535
4,766,156
Kansas
City
Dallas
San
Francisco
547,368 1069,696 729,057 2658,519
799,059 5,191,605 917,306 1492,504 837,727 918,939 3001,469 710,553
25,119
33,281 16,709 28,848 32,668 22,657 105,405 22,597 436,087 884,338 980,776 2640,498
28,307 38,123 12,778 51,561
19,665 1/ 110,011 23,805 3 0
12,76!
8
-%
^
JMQ
2.92, W , ... 9,,221
'^9
844,583 5,627,345 967,798 1552,815 891,428 958,424 3157,873 746,196
473,091 937,217 1013,109 2769,706
355,696
309,535 293,187 448,925 383,125 408,242 784,782 195,320
140,963 229,190 239,338 477,853
14.514
.264.
601
588
594
479
660
1,681
666
1.671
Jll
-M44
51,580,977 2811,143 12,787,546 2942,791 4493,031 3339,451 2658,034 9131,944 2128,471 1162,023 2236,622 1982,170 5907,751
354,494
809,198
27,543
215,100
52,987,312 ^
110,394
991
17,897
47,013
3,011
13,334
1
^
3
103,586
223,963
7,319
50,541
21,601
55,923
4,489
14.208
9
4
8
6,293 Zl 31,127
3
1
7,617
33,384
71,550
1,006
19.223
4
,
5
9,825
11
16,046
41,236
3,349
14.421
0
3
5,630
17,811 48,795
36,192 121,504
762
1,429
11.625 TL778
12,017
31,586
521
10.120
8,173
19,697
1,073
..6,182
14,382
30,533
1,137
10,0.73
20,020
40,871
1,307
9.358
40,782
89,130
2,140
22.21?
2724,424 9 3 3 7 , 4 2 0 ^ 1 ^ ^ J I S 2 ^ 4 8 .2292,71x7 2053.726 6062.0AQ
4,968
FEDERAL RESERVE AGENTS' ACCOUNTS
F. R, notes outstanding 27,796,589
1656,648 6,606,816 1740,171 2553,326 2141,220 1351,090
Collat. for F. R. notes:
Gold certificate acct. 11,593,000 700,000 3,270,000 640,000 1000,000 775,000 425,000
Eligible paper
—<•
™
1,090
18,151
U. S. Govt, securities 17,420,000 1150,000 3.600.000 1200.000 1600.000 1Z,00.000 1000.000
Total collateral
UL
pq„
_185£L£00 6.870.000 1841.090 2600.000 2175.000 1625.000
1/ After deducting $247,7%000participations of other Federal Reserve Banks,
2/ After deducting $ 79,267,000 participations of other Federal Reserve Banks.
Minneapolis
15,787
4,085
2,650
4,306
940
5,741
12,365
5289,607 1230,162 563,838 1095,508 776,139 2792,064
2300,000 430,000 170,000 300,000 283,000 1300,000
^ 250
ft"
7,811
3100.000 900*000 425.000 820.000 525.000 1700.000
5400.000 1339.250 595.000 1127.811 808.000 3000,000
@FedFRASER