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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release • July 5, 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 3 decreased $306 million to $18,865 million. Estimated required reserves decreased $84 million; and estimated excess reserves decreased $222 million to $346 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $721 million, compared with $435 million the week before. The principal changes reducing average reserves were increases of $297 million in money in circulation, $69 million in Treasury deposits with Federal Reserve Banks, and $42 million in "other" deposits with Federal Reserve Banks, and a decrease of $122 million in Federal Reserve float. The principal offsetting changes were increases of $147 million in Federal Reserve holdings of U. S. Government securities and $64 million in member bank borrowings. Total Reserve Bank credit increased $93 million. As of Wednesday, July 3, holdings of U. S. Government securities bought outright were $258 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $236 million higher, and member bank borrowings were $282 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) Member bank reserves-Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Change from week ending For week ending July 4, 195% ,, , June 26, 1957 July 3, 1957 (in millions of dollars) 23,031 67 21 1 1,067 n 1,198 25,387 22,623 „ +143 + 4 -717 + 24 + + + + 1 l + 64 +424 -122 - 33 -29S + 93 + 1 — 53,116 + 93 31,1^^ 76/"-3 546 420 +297 - 11 296 1,077 34,251 3 1 + 69 + 13 + 42 - 10 +4oo 18,865 -306 18,519 346 - 84 -222 +817 + 74 +593 +381 - 8 + 53 +122 - 2 + 84 +630 - 37 + 89 -126 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 22,623 Treasury cash holdings 768 Treasury currency outstanding 5,108 Member bank) - Required (est.) 18,504 Money in circulation 31,338 reserves ) - Excess (est.) 516 On July 3, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,758 million, an increase of $4 million for the week and an increase of $125 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) Change since July 4, June 26, 1956 1957 July 3, 1957 ASS ETS 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 Held under repurchase agreement U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,534,149 22 5,022,827 79,274 234,574 52,390,026 21,096,391 848,149 21,944,540 261,865 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 + - 3,000 2,885 115 55,791 28,214 282,266 14 + + + + 805,999 5,021 811,020 48,523 28,775 536,229 144 312,775 1,106,313 730 + 21,925 + + 2,009 890 + + 4,389 433,129 11,362,199 8,571,413 2,801,750 23,168,491 235,800 23,404,291 + 257,916 + 517,841 429,500 + 257,916 235,800 493,716 + - 670,841 212,300 458,541 + 778,867 + 82,823 + + 201,198 104 14,628 508,281 + 320,274 + 11,488 + 10,409 +1,255,762 26,893,492 + 358,177 + 19,020,213 552,312 414,183 264,477 20,251,185 3,854,649 15,641 51,014,967 + + + 392,005 96,788 4,377 + - 485,482 339,967 , 6,997 + 89,972 + 102,864 + 123,156 22,099 + 293,893 + 445,522 + ,771 +1,148,106 890 L I A B IL I T IE 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 . 332,962 747,593 27,543 266,961 52,390,026 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - - 1.781 - 890 - 582,500 + 7,688 +496,695 290 + + 11,296 508,281 46.5% 64,232 - + + + 2,821 _ L + + 407)920 16,911 53,981 + 36,764 +1,255,762 + 1.09& + 19,413 804 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 3, 1957 (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 1,100,048 6,265 Industrial loans — 5 T 72 407 Acceptances 6,966 15,849 190 1,106,313 730 22,815 U. S. Government securities 366,250 14,741,791 5,506,993 680,635 750,375 1,358,24? 23,404,291 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANKS ON JULY 3. 1957 St. Phila- Cleve IRichmond Atlanta Chicago Louis New York Boston land delphia (In thousands of dollars) H.4.l(b) Total 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 Minneapolis Kansas City Dallas San Francisco 21,096,391 1090,395 5,636,948 1145,159 1819,314 1325,110 823,691 3834,993 845,041 368,314 835,609 785,482 2586,335 848.149 56.448 172.811 58.784 74.736 76.372 48.925 151.531 42.555 22.545 40.561 25.341 77.520 21,944,540 1146,843 5,809,779 1203,943 1894,050 1401,482 872,616 3986,524 887,596 390,859 876,170 810,823 2663,855 261,865 312,775 11,479 21,619 1,106,313 730 35,455 327 16,587 33,333 13,713 15,138 63,292 25,805 23,304 47,974 17,078 8,292 9,491 7,669 5,095 10,794 19,904 12,912 162,075 140,300 169,665 372 37,886 50,947 236,320 19,010 45,850 31 73,140 27,950 107,715 9,347 27,674 22,434 75,603 17,912 469,884 245,196 725,965 588,528 1983,283 443,974 1496,149 354,471 184,971 547,653 , 115.866 60.462 179,,012 958,133 499,976 1480,304 1200,058 18,596 487,813 367,996 120.288 994,693 50,956 67,277 15,885 16,325 23,867 36,851 Discounts and advances Industrial loans Acceptances: Bought outright Held under rep. agree. U. S. Govt, securities: Bought outrightBills Certificates Notes Bonds Total Held under rep. agree. 433,129 11,362,199 8,571,413 2,801,750 23,168,491 235,800 Total U. S. Govt, sees. 23,404,291 1263,749 6.029.800 1352.414 2035.074 1480.304 1200,058 4044.083 958.133 499,976 994.693 907,950 2638,057 Total loans & securities 24,534,149 1299,531 6,214,690 1493,086 2204,739 1518,190 1251,005 4280,403 977,143 545,857 1067,833 935,900 2745,772 Due from foreign banks Uncollected cash items Bank premises Other assets 890 22 23,626 619,763 467,536 . 152,824 1263,749 1 5,022,827 406,935 5,184 79,274 12,676 234,574 108,318 2,841,470 2,143,548 700,664 5,794,000 235,800 25,282 663,246 500,339 163.547 1352,414 38,045 998,033 752,896 246,100 2035,074 16,974 445,273 335,905 109,798 907,950 49,318 1293,745 975,975 319,019 2638,057 1/ 6 2 2 1 1 3 1 1 1 • , 1 n 2 9677070 313,926 457,043 387,759 379,404 826,646 209,537 116,903 251,322 218,485 487,797 10,174 4,648 9,051 7,179 5,473 6,490 5,460 5,219 4,728 5,099 10,569 57,380 13,478 20,699 14.846 12.206 42,398 9,512 4,961 9,992 9,766 26,660 52,390,026 2904,268 13,177,332 3061,293 4635,504 3358,308 2609,802 9213,742 2114,619 1080,960 2225,935 2012,890 5995,373 TOTAL ASSETS 1J After deducting 21,925 890 21,925 $16,000 participations of other Federal Reserve Banks. 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 3, 1957 I Phi la- Cleve, . St. Boston J New York aelphia land Richmond Atlanta Chicago Louis (In thousands of dollars) 26,893,492 1619,811 Minneapolis Kansas City San Dallas Francisco 6,340,061 1714,804 2534,389 2122,133 1268,665 5185,641 1189,446 481,792 1066,626 690,145 2679,979 19,020,213 835,703 5,348,227 918,119 1539,037 825,894 913,466 3065,809 672,251 429,604 854,563 1022,986 2594,554 129,267 42,438 33,049 6,149 26,498 77,677 24,574 24,121 41,769 15,232 89,861 552,312 41,677 37,260 21,114 18,630 58,788 15,318 9,936 15,732 21,528 46,368 414,183 24,012 1/116,517 28,980 729 " 204,390 11,201 1,828 2,266 1,623 937 781 4o6 1,187 2,526 36,603 264,477 20,251,105 902,121 5,790,401 1000,730 1611,174 055,423 960,217 3203,211 712,924 464,067 913,251 1062,272 2767,386 3,854,649 301,434 657,739 249,748 365,161 306,808 316,134 621,326 158,615 100,209 190,510 191,343 395,622 769 6,092 568 1,951 537 500 2,657 4l6 475 483 390 803 15,641 51,014,967 2824,135 12,802,293 2965,858 4512,675 3284,901 2545,516 9012,835 2061,401 1046,543 2170,870 1944,150 5843,790 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. 332,962 747,593 27,543 266,961 17,162 43,948 95,204 208,002 21,089 52,301 32,010 66,393 15,338 37,594 16,146 45,552 33,179 110,421 11,382 29,331 7,313 18,520 13,558 27,983 18,715 37,508 39,493 82,413 16,012 64,514 17,556 23,420 17,126 14,199 11,984 7,511 12,387 11,210 27,537 3,011 7,319 4,489 1,006 3,349 762 1,429 521 43,505 1,137 1,307 2,l4o 52,390,026 2904,268 13,177,332 3061,293 4635,504 3358,308 2609,802 9213,742 2114,619 1080,960 2225,935 2012,890 5995,373 64,232 1,781 3,729 2/18,000 —— 4,501 37 5,787 14 3,279 — — 2,894 FEDERAL RESERVE AGENTS' ACCOUNTS —— 9,131 82 2,379 — — 27,730,210 1661,418 6,552,509 1772,614 2599,103 2171,189 1313,996 5206,206 1236,032 F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. 11,878,000 580,000 3,170,000 640,000 1130,000 895,000 400,000 2400,000 450,000 -— 140,300 -— -— 19,010 232,450 Eligible paper 1150,000 3,600,000 1200,000 1500,000 1310,000 1000,000 3000,000 875,000 U. S. Govt, securities 16,905,000 29,015,450 17^0,000 '6,770,600 1980,300 2630,000 2205,000 1400,000 5400,000 1344,010 Total collateral 1/ After deducting $297,6*56,000 participations of other Federal Reserve Banks. 2/ After deducting $46,2;52,000 participations of other Federal Reserve Banks. 1,073 1,543 2,443 —— 1,648 3,344 7,202 — — 531,417 1000,961 732,620 2791,905 130,000 300,000 283,000 1500,000 -73, l4o -425,000 820,000 525,000 1500,000 555,000 1193,140 008,000 3000,000 —
@FedFRASER