The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release June 18, 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 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 ended June 17 in c r e a s e d $223 m i l l i o n t o $18,537 m i l l i o n . Estimated r e q u i r e d r e s e r v e s increased $179 m i l l i o n ; and estimated excess r e s e r v e s i n c r e a s e d $44 m i l l i o n t o $473 m i l l i o n . Member bank borrowings a t t h e Federal Reserve Banks exceeded excess r e s e r v e s by $503 m i l l i o n , compared with $550 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 an i n c r e a s e of $255 m i l l i o n i n Federal Reserve f l o a t and a decrease of $40 m i l l i o n i n Treasury d e p o s i t s with Federal Reserve Banks. The p r i n c i p a l o f f s e t t i n g change was an i n crease of $74 m i l l i o n i n money i n c i r c u l a t i o n . T o t a l Reserve Bank c r e d i t increased $258 m i l l i o n . As of Wednesday, June 17, holdings of U. S. Government s e c u r i t i e s bought o u t r i g h t and t h o s e h e l d under repurchase agreement were unchanged from a week e a r l i e r and member bank borrowings were $226 m i l l i o n h i g h 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 Loans, d i s c o u n t s , and advances— Member bank borrowings Other Float Total 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 Week ended Change from week ended June 18, June 10, June 17, 1958 1959 1959 ( I n m i l l i o n s of cl o l l a r s ) 25,944 - 18 26 +255 + + - 801 17 7 - 5 + 6 +259 -1,4o4 + 77 + 728 1,114 17 1,241 28,344 + 74 - 1 - 40 - 1 - 3 + 8 + 37 + + - 807 17 23 72 + + 80 811 - IBToS 473 3 +255 c~ 31,877^0 715 436 259 361 1,226 34, 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 ) 25,944 5 27 53,416— 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 with F . R. Banks Foreign d e p o s i t s with F. R. Banks Other d e p o s i t s with F . R. Banks Other F . R. accounts ( n e t ) +1,363 - 101 + 976 17 1,029 27,994 Wednesday, June 17, 1959 +223 +179 + 44 +2,055 + - + - 2 82 80 162 53,7 66 31,83?"# 717 378 278 450 1,237 . 34,89^ 18,869 18,244 625 On June 17, 1959, U. S. Government s e c u r i t i e s h e l d i n custody by t h e Federal Reserve Banks f o r f o r e i g n account were $3,894 m i l l i o n , an i n c r e a s e of $36 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 $782 m i l l i o n from t h e comparable d a t e a year ago. H.4.1(a) STATEMENT OF CONDITION OF TEE TWELVE FEDERAL RESERVE BANKS COMBINED, ( i n thousands of d o l l a r s ) Change since June 16, June 10, 1958 1959 June 17, 1959 ASSETS Gold c e r t i f i c a t e account Redemption fund f o r F . R. n o t e s Total gold c e r t i f i c a t e r e s e r v e s F. R. n o t e s of o t h e r Banks Other cash Discounts and advances Industrial loans Acceptances--bought o u t r i g h t 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 T o t a l 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 18,634,894 914,028 19,555; 922 319,490 352,166 1,131,479 1 26,396 + + + + + 1,998 2, 000 2 22, 473 6,284 225,779 1 2 __ 1,943,4oo 18,649,726 2,867,565 2,483,771 25,944,462 - + - - - - - —— —— 25,944,462 Total l o a n s 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 TOTAL ASSETS -1,398,497 79,528 -1,3107969 — 12,756 + 13,994 + 977,484 480 + 27,102, 338 15 7,117,483 96,061 160,443 54,696,918 + 225,780 15, i4o ,296,379 +2,867,565 305,486 +1, 280,840 122,000 +1,158,840 +2,119,014 «• - —— +2, 240, 340 112 6,786 +2,487,981 L I A B I L I T I E S Federal Reserve n o t e s Deposits: Member bank r e s e r v e s U. S. T r e a s u r e r - - g e n e r a l account Foreign Other Total d e p o s i t s 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 27,352,790 + 18,868,712 378,452 277,830 449,694 19,974,688 5,876,117 39,293 53,242,888 668,157 35,639 + 19,809 + 97,338 + 749,665 +1,698,562 + 311 +2,475,480 CAPITAL ACCOUNTS Capital paid in Surplus Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 378,988 868,4l0 206,632 54,696,918 + + - + 26,942 - 283 — 12,218 +2,487,981 24,660 8,266 20,360 813,849 774,888 + " 16,830 + - + - + + + 1/+ + + 95,420 44,629 11,601 267,513 205,121 233,177 16,662 763,494 26,338 31,669 7,652 813,849 Ratio of gold c e r t i f i c a t e r e s e r v e s t o deposit and F. R. note l i a b i l i t i e s combined .7/o 41.3 $ Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents 1,008 80,027 35,654 I n d u s t r i a l loan commitments 360 637„ 1 / Net change a f t e r e l i m i n a t i o n of Sec. 13b surplus of $27,543,000 on S e p t . 2, 1958 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 17, 1959 (Acceptances and s e c u r i t i e s h e l d under repurchase agreement a r e c l a s s i f i e d as maturing within 15 days i n accordance with maximum m a t u r i t y of t h e agreements.) Within 15 days 16 days t o 90 days 91 days t o 1 year Over 1 year t o 5 y e a r s Over 5 y e a r s t o 10 y e a r s Over 10 y e a r s Total Discounts and advances 1,122,296 8,990 193 1,131,479 Industrial loans Acceptances 8,015 18,381 26,396 U. S. Government securities 231,400 9,323,533 11,038,193 3,881,179 410, 385 1,059,772 25,944,462 S.4.l(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 F.R. notes of other Banks Other cash Discounts and advances -Industrial loans Acceptances— Bought outright "3L S. Govt, s e c u r i t i e s : "-Sought outright— Bills Certificates Botes Bonds Total Held tinder repurchase agreement 18,634,894 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OK JUNE 17, 1959 St. ClevePhilaBoston New York delphia land Richmond Atlanta Chicago Louis (In thousands of d o l l a r s ) Minneapolis Kansas City Dallas San Francisco 878,828 4,998,982 1027,495 1539,756 1000,947 905,297 3342,525 721,047 392,344 670,510 682,098 2475,065 172,875 43,294 5,185,543 1087,368 1623,279 1083,569 959,193 3515,400 764,341 59,873 83,523 82,622 22,869 42,420 54,830 19,548,922 933,658 319,490 352,166 19,932 21,213 81,417 64,975 18,816 10,825 32,003 29,546 21,940 46,682 32,399 24,025 56,121 9,894 22,669 10,872 18,733 17,506 12,984 1,131,479 1 45,773 130,735 70,827 162,160 75,225 69,974 247,271 16,291 37,633 1 104,347 26,396 186,561 53,896 914,028 415,213 712,930 10,952 28,969 82,296 711,067 2557,361 13,506 13,037 36,469 45,140 62,489 108,754 26,396 489,061 110,825 168,256 1,943,400 105,361 18,649,726 1011,095 4,693,241 1063,519 1614,656 721,628 163,526 248,268 2,867,565 155,465 , 625.046 141.639 215,040 2,483,771 134,658 25,944,462 1406,579 6,528,976 1479,509 2246,220 124,548 102,425 336,310 79,038 44,264 83,770 77,569 221,973 1195,224 982,915 3227,372 758,484 424,785 803,897 744,385 2130,153 183,777 151,132 496,238 116,624 65,315 123,606 114,456 327,530 159,180 130.905 429.821 101,015 56.573 107.063 99.137 283.694 1662,729 1367,377 4489,741 1055,161 590,937 1118,336 1035,547 2963> 350 Total U. S. Govt, s e e s . 25.944,462 1406,579 6,528,976 1479.509 2246,220 1662,729 1367,377 4489,741 1 0 5 5 . l 6 l 590.937 1118.336 1035.547 2963.350 -Total loans & s e c u r i t i e s 27,102,338 1452,352 6,686,107 1550,336 2408,380 1737,954 1437,351 4737,012 1071,452 628,571 1222,683 1098,036 3072,104 Due from foreign banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 1 428,837 4,532 96,061 8,657 160.443 15 7,117,483 1 / 4 1,683,149 10,182 39.297 1 426,225 4,140 8,820 1 703,746 9,324 13.869 1 2 545,898 1071,650 9,784 13,132 9.388 26.671 2 1 270,371 176,193 5,188 6,934 1.622 6.607 / 1 1 305,915 306,793 4,715 8,781 7.725 6.633 1 713,208 12,355 19.060 54,696,918 2869,182 13,750,674 3114,439 4801,427 3375,596 3040,696 9444,013 2152,269 1250,611 2284,459 2157,854 6455,698 l / After deducting $11,000 participations of other Federal Reserve Banks 2 / Less than $500. 1 485,498 6,994 10.094 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 17, 1959 ^ ^ , PhilaCleve- L . . ... . St. Boston New York d e l p h i a |Richmond A t l a n t a Chicago Louis land (In thousands of d o l l a r s ) Total L I A B I L I T I E S F e d e r a l Reserve n o t e s 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 Minneapolis Kansas City D__a U a s San Francisco 27,352,790 1593,059 6,346,437 1743,433 2513,705 2031,993 1482,817 5217,230 1202,581 614,522 1106,116 776,092 2724,805 18,868,712 781,882 5,217,473 874,875 1509,164 809,265 990,137 2964,229 643,971 431,024 836,637 997,947 2812,108 86,809 15,087 21,474 29,649 16,675 75,690 21,238 11,849 17,726 25,067 46,824 378,452 10,364 6,480 10,530 14,040 30,240 277,830 13,750 1/84,530 17,820 24,300 13,500 12,690 39,960 9,990 1,162 "356,747 9,315 5,666 6,l4o 7,777 10,338 2,340 2,061 2,583 2,105 43,460 449,694 19,974,688 807,158 5,745,559 917,097 1560,604 858,554 1027,279 3090,217 677,539 451,414 867,476 1039,159 2932,632 5,876,117 385,497 1,252,127 356,221 592,660 407,350 458,428 913,742 214,641 147,920 250,900 266,440 630,191 2,114 10,208 2,029 3,592 2,026 1,961 6,679 1,345 1,094 1,533 1,828 4,884 39,293 53,242,888 2787,828 13,354,331 3018,780 4670,561 3299,923 2970,485 9227,868 2096,106 1214,950 2226,025 2083,519 6292,512 CAPITAL ACCOUNTS Capital paid in Surplus Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. l i a b . 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 commit. 378,988 868,410 206,632 18,525 50,116 12,713 109,567 238,902 47,874 22,376 59,607 13,676 35,913 76,643 18,310 16,946 44,846 13,881 19,457 52,064 39,474 132,159 11,280 31,922 12,692 33,746 9,725 8,649 20,785 6,227 15,485 32,935 10,014 21,802 43,436 9,097 45,512 95,761 21,913 54.696.918 2869.182 13.750.674 3114.439 4801.427 3375.596 3040,696 9444,013 2152,269 1250,611 2284,459 2157,854 6455,698 80,027 360 4,455 W— 2/22,372 MM 5,280 WW 7,200 20 4,000 »» 3,760 11,840 2,960 1,920 •• 3,120 340 4,l6o 8,960 **** FEDERAL RESERVE AGENTS' ACCOUNTS J?. R. n o t e s o u t s t a n d i n g 28,246,983 1644,525 6,570,816 1790,652 2569,499 2116,893 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 . 10,750,000 580,000 2,920,000 640,000 920,000 670,000 E l i g i b l e paper •« — — 69,705 •" -• 189,051 U. S. Govt, s e c u r i t i e s 18.710.000 1150.000 4.000.000 1200,000 1750,000 1500,000 Total c o l l a t e r a l 29,649,051 1730,000 6,920,000 1909,705 2670,000 2170,000 1/ A f t e r deducting $193,300,000 p a r t jLcipations of o t h e r F e d e r a l Reserve Banks. 2 / A f t e r deducting $57,655,000 participations of other Federal Reserve Banks- 1548,983 5319,680 1249,186 626,864 1135,294 817,731 2856,860 500,000 2000,000 430,000 200,000 300,000 290,000 1300,000 •• — — 15,662 103,684 •* —1100,000 3500,000 935,000 450,000 850,000 575,000 1700,000 1600,000 5500,000 1380,662 650,000 1253,684 865,000 3000,000
@FedFRASER