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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release July 25, 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 daily figures of member bank reserves for the week ending July 24 decreased $11 million to $19,189 million. Estimated required reserves decreased $63 million; and estimated excess reserves increased $52 million to $567 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $172 million, compared with $544 million the week before. The principal changes reducing average reserves were a decrease of $320 million in member bank borrowings and an increase of $52 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $115 million in Federal Reserve float and $23 million in Federal Reserve holdings of U. S. Government securities, and decreases of $184 million in money in circulation and $28 million in foreign deposits with Federal Reserve Banks, Total Reserve Bank credit decreased $ 1 8 5 million. As of Wednesday, July 24, holdings of U. S. Government securities bought outright were $122 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $208 million higher, and member bank borrowings were $238 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 Change from week ending For week ending July 24, 1957 lJuly 17. 1957 I July 25, 195T (In millions of dollars) 23,235 107 23 - 17 + 40 739 -320 - 2 +115 HS5 J451 25,456 22,625 5,108 53,190 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) 30,999 774 507 385 Member bank reservesRequired reserves (estimated) Excess reserves (estimated) 267 -- *w -184 + 4 + 52 - 28 -173 +107 + 5 +166 - 42 TZ3 +797 + 76 +937 +367 + 1 - 49 + 97 1,070 34,001 - 12 - 3 -172 + 76 ^91 19,189 18,622 567 - 11 TT3 + 52 +445 ^35 + 10 mmm 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 22,626 Treasury cash holdings 779 Treasury currency outstanding 5»10'8r^/ Member bank) - Required (est.) 18,589 Money in circulation 30,903 reserves ) - Excess (est.) 170 On July 24, 1957# U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,727 million, an increase of $66 million for the week and an increase of $31 million from the comparable a year ago. Digitized date for FRASER H.4,1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since July 25, July 17, 1957 1??6 July 24, 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 outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U, S. Government securities 21,095,394 + 812,002 21,541 1,382 13,402 + 798,600 + 51,313 15,333 55,512 349 4,425 449,579 11,362,199 8,571,413 - 121,700 + 28,791 429,500 27?,8po 23,460,741 + 208,300 86,600 + + 181,791 275,800 94,009 23,888,718 - 152,792 + 42,573 560 AS:3S Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 2 3,082 :stoBo + 42,463 + 21,339 237,919 91 842,586 21,937,960 396,836 376,822 405,876 22 - 582,500 - 121,700 + 275,161 51,765,542 -1,130,796 + 770 + 14,330 -1,207,766 + 192,576 + 10,856 84,410 + +1,164,995 + 4,809,641 80,362 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 26,659,278 - 18,759,432 469,435 383,004 277,406 19,889,277 3,793,989 14,031 50,356,575 - 187,453 57,417 70,505 i- 10,845 - 304,530 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 333,940 747,593 27,543 299,891 51,765,542 665 + 16,769 10,893 + 43,001 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 107,274 - 805,613 - 1,907 -1,219,32% + -1,207,766 444,074 121,193 121,204 + 16,526 + + 460,611 + 257,683 + 146 +1,051,244 + 53,981 +1,164,995 .Sfa 47.1# 67,321 1,843 332)804 + + 3,411 85. 21,153 652 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JULY 24; 1957 (Acceptances and securities held under repurchase agreement are classified as maturing within 1 5 days in accordance with maximum maturity of the agreements.) Within 15 days 1 6 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 396,316 9,560 Industrial loans 60 71 248 Acceptances 7,840 13,701 181 405,876 355 21,541 U. S. Government securities 8,229,981 6,934,510 5,506,993 680,635 750,375 STATEMENT OF CONDITIO# OF EACH FEDERAL RESERVE BANK ON JULY 24. 1957 ClevePhila St. Boston 1 New York Richmond Atlanta Chicago delphia land Louis (In thousands of dollars) H.4.lCb) Total Minneapolls Kansas city Dallas 863,718 358,224 905,379 797,070 2480,001 42,378 22,496 40,396 906,096 380,720 945,775 10,272 20,382 15,483 37,396 46,649 27,775 19,400 3,100 San Francisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 21,095,394 1002,463 5,618,137 56,106 171,463 842,586 21,937,980 1058,569 5,789,600 1158,489 1939,212 1320,197 58,218 75,133 823,161 3829,343 74,501 48,637 150,882 1216,707 2014,345 1394,698 871,798 3980,225 F.R. notes of other Banks Other cash 396,836 376,822 27,164 25,859 75,310 87,025 38,379 20,573 22,921 36,218 26,474 20,287 77,923 29,141 29,977 54,690 12,826 20,484 17,812 Discounts and advances Industrial loans Acceptances— Bought outright U« S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 405,876 560 24,116 327 32,075 36,575 203 55,220 23,535 23,620 121,040 11,750 27,670 30 7,736 12,677 25,220 77.156 822,290 2557,157 21,541 21,541 112,431 26,243 39,490 28,725 24,523 449,579 23,286 78,475 18,592 9,702 19,302 998,033 . , . 663,246 „„ 11,362,199 619,763 2,841,470 . __ 725,965 588,528 1983,283 469,884 245,196 487,813 8,571,413 467,536 2,143,548 500,339 752,896 547,653 443,974 1496,149 354,471 184,971 367,996 2,801,750 152,824 700,664 163,547 1 246,100 179,012 145,122 489,048 115,866 60,462 120.288 r&\.7ds.d c 1353,375 H M 2036,519 'we ' CI n 1200,910 oc c 4046,955t.Xl.f'mcc 23,184,941 1264,646 5,798,113 1481,355 958,813 ncfi'ftio 500,331 coa'T,-, 995,399 17,619 51,191 445,273 1293,745 335,905 975,975 109/798 319^019 908,595 Ar.o'i2639,930 275,800 275,800 Total U. S. Govt, sees. 23.460.741 1264,646 6,073,913 1353,375 2036,519 1481,355 1200,910 4046,955 958,813 500.331 995.399 908.595 2639.930 Total loans & securities 23,888,718 1289,089 6,127,529 1390,153 2091,739 1504,890 1224,530 4167,995 970,563 528,031 1023,174 927,995 2643,030 Due from foreign hanks Uncollected cash items Bank premises Other assets TOTAL ASSETS 1/ After deducting $16,000 22 1/ 6 2 2 1 1 392,579 3 1 192,793 1 1 226,597 1 2 69,243 15,604 24,055 17,248 14,220 49,303 11,071 5.976 11.605 11.511 10.579 51,765,542 2849,291 12,998,802 2978,231 4627,784 3349,965 2615,826 9052,921 2119,298 1069,467 2234,862 4,809,641 80,362 275.161 1 428,679 5,184 14,746 839,728 292,188 429,482 379,214 10,361 4,625 9,022 7,153 participations of other Federal Reserve Banks. 764,232 5,634 6,496 124,070 5,464 5,121 248,201 491,878 4,761 5,458 11,083 2051,321 5817,774 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.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 24, 1957 St. ClevePhilaRichmond Atlanta Chicago New York delphia Boston Louis land (in thousands of dollars) 26,659,278 1600,908 18,759,432 469,435 383,004 277,406 19,889,277 838,360 885,799 5,354,097 79,870 1/114,098 212,752 5,760,817 3,793,989 279,878 579,383 240,054 916 3,389 14,031 2767,501 12,614,482 50,35b,575 2000,761 25,181 21,692 566 6,270,893 1698,771 2531,756 2096,015 874,988 1537,555 30,157 35,232 26,180 33,660 10,078 1,215 941,403 1607,662 533 808,984 40,756 19,074 2,137 070,951 360,679 306,880 Kansas City Dallas San Francisco 1182,315 475,219 1059,162 694,380 2629,110 917,102 2967,780 685,732 13,838 871,705 1002,882 2489,643 32,359 49,754 48,076 14,212 19,448 41,888 3,031 2,391 36,582 921,307 1074,475 2616,189 197,304 1245,535 5175,214 Minneapolis 37,360 28,112 1,670 2,353 969,721 3060,601 3,294 730,976 410,604 28,459 8,976 1,337 449,376 607,676 151,027 109,398 34,119 16,830 334,039 53,108 211,689 415,982 1,830 678 662 2,449 533 454 578 737 1,272 4501,927 jzf4,>z4 z>4%,957 864>,y4o 2064,851 1034,447 2178,351 1981,281 5662,553 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 333,940 747,593 27,543 299,891 51,765,542 17,168 95,791 43,948 208,002 17,663 7,319 73,208 3,011 21,105 52,301 4,489 19,575 32,069 66,393 1,006 26,389 3,417 l,G4j 16,179 33,179 762 15,749 45,645 110,421 1,429 49,486 11,385 29,331 521 13,210 J.UV 1J -- 2,479 3,015 1,073 8,ic6 1,608 v 13,575 27,983 1,137 13,816 2,546 r «- FEDERAL RESERVE AGENTS' ACCOUNTS 27,686,127 1658,003 6,523,155 1769,850 2603,583 2169,000 1314,973 5264,003 1229,700 F. R. notes outstanding Collat. for F. R. notes: 11,878,000 580,000 3,170,000 640,000 1130,000 895,000 400,000 2400,000 450,000 Gold certificate acct. -— 36,575 — --— 11,750 76,10C Eligible paper 1150.000 3.600,000 1200,000 1550,000 1310,000 1000,000 3000,000 875,000 l6,955,00C U. S. Govt, securities 28,909,ioq^1730,000 ' 6,770,000 1 8 7 6 , 5 7 5 2680,000 2205,000 1400,000 5400,000 1336,750 Total collateral 1 / After deducting $268,906,000 participations of other Federal Reserve Banks. 2/ After deducting $48,173,000 participations of other Federal Reserve Banks. 7,321 18,520 18,818 37,508 1,307 12,407 39,534 82,413 2,l4o 31,134 2849,291 12,998,802 2978,231 4627,784 3349,965 2615,826 9052,921 2119,298 1069,467 2234,862 2051,321 5817,774 Conting. liab. on acceptances purchased for Industrial loan commit. 15,350 37,594 3,349 19,148 520,203 3,484 7,504 ~ 1009,174 747,43& 2706,157 130,000 300,000 283,000 1500,000 — 27,775 425,000 820,000 525,000 1500,000 555,000 114y,775 800,000 3000,00O
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