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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release June 19, 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 June 18 increased $345 million to $18,619 million, Estimated required reserves million; and estimated excess reserves increased $56 million to $666 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $491 million, compared with $426 million the week before. The principal changes supplying average reserves were increases of $221 million in Federal Reserve float, $190 million in U. S. Government securities bought outright, and $95 million held under repurchase agreement. The principal offsetting changes were a decrease of $54 million in gold stock, and increases of $64 million in foreign deposits with Federal Reserve Banks and $35 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $499 million. As of Wednesday, June 18, holdings of U. S. Government securities bought outright were $155 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $114 million higher, and member bank borrowings were $19 million lower. 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 Averages of daily figures For week ending Change from week ending June 18, 1958 June 11, 1958I June 19, 1957 (In millions of dollars) 24,581 +190 + 95 +1,701 + 51 + 1 + 25 1 9 - 1,036 +221 25,939 +499 - 54 + 1 +446 + 914 1 348 515 - 469 + + + + 166 84 59 58 24 70 59 + 529 593 64 101 45 - - - - 175 * 21,540 5,204 52,682 - 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) 31,070 69 8 459 331 359 1,146 34,063 - 11 + 35 + 64 - 11 + 7 +101 Member bank reserves-Required reserves (estimated) Excess reserves (estimated) * Less than $500,000. 18,619 +345 17,953 666 + 18 +289 + 56 -1,081 + 98 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 21,456 Treasury cash holdings 703 Treasury currency outstanding 5,204 Member bank) - Required (est.) 18,229 Money in circulation 30,996 reserves ) - Excess (est.) 735 On June 18, 1958, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,112 million, an increase of $40formillion for the week and a decrease of $635 million from the comparable date Digitized FRASER a year ago. H.4.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since June 11, June 19, 1958 1957 June 18, 1958 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 24,785,622 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,983,324 15 7,092,823 87,795 , 180,803 53,883,069 +2,409,376 + 189 + 8,876 +2,542,116 + 27,267 89,644 26,577,902 - 29,874 + 92,162 18,964,132 333,823 289,431 + + + 485,953 21,986 30,496 194,884 299,579 - 87,762 20,033,391 834,500 20,867,891 332,246 338,172 153,995 481 43,226 150,003 1494 142,609 18,925 - 2,915 + 14,488 - 18,769 9 997 + 23,811 + 1,928,260 122,000 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 182,181 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 11,278 + 155,000 19,946,105 2,789,257 24,663,622 + + + 155,000 + 251,319 114^100 269,100 6,362 19,769,567 6,109,294 22,631 52,479,394 +2,258,806 + 786 352,650 892 27,543 214,284 53,fcM33l069 + 11,927 +2,542,116 +2,529,297 809,198 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments -1,066,001 + + -1,068,916 + 662 - 889,863 244 +1,793,047 +8,583,906 -8,571,413 12,493 +1,793,047 122^000 +1,915.047 +1,048,751 7 + 113,057 - 268,078 80,556 - 100,372 - 536,768 + 482,227 + , . 996 + 38,617 + 20,217 + 61,605 + 30,795 89,644 45.0# 115,681 997 l.< + + 3,751 6 53,056 , 801 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 18, 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 151,181 2,811 3 153^995 Industrial loans Acceptances 291 15,953 29 27,273 71 90 5Si 43,226 U. S. Government securities 529,000 8,463,593 13,364,558 1,013,614 56,610 4*358,247 24,7557^22 H.4.l(b) Total A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 18, 1958 PhilaI St. Cleve Boston New York Richmond Atlanta Chicago delphia land 1 Louis (In thousands of dollars) 20,033,391 1018,702 834,500 53,484 2 0 , 8 6 7 , 8 9 1 1072,186 5,580,231 1109,884 1736,319 1136,240 170,882 56,648 75,396 79,280 5,751,113 1 1 6 6 , 5 3 2 1811,715 1 2 1 5 , 5 2 0 Minneapolis Kansas City Dallas 821,800 446,303 818,681 735,566 2420,853 147,557 42,057 21,589 40,572 8 6 7 , 1 9 8 3536,042 863,857 467,892 859,253 820,327 3388,485 46,871 27,678 San Francisco 72,486 763,244 2493,339 F.R. notes of other Banks Other cash 332,246 338,172 14,755 22,508 90,375 61,903 26,661 21,175 26,477 35,983 18,274 18,054 51,385 29,876 23,230 49,878 11,615 19,557 12,344 8,700 6,731 9,989 14,955 14,074 35,444 46,475 Discounts and advances Industrial loans AcceptancesBought outright U. S. Govt, securities: Bought outrightBills Certificates Notes Bonds Total Held under repurchase agreement 153,995 481 9,675 327 4,370 2,525 138 12,895 6,950 10,950 63,703 1,950 2,700 16 22,277 13,800 2,200 40,565 419,606 82,303 851,360 75,532 2 1 7 , 9 6 1 781,309 2254,608 5 8 , 6 7 8 119,054 518,849 1052,717 109,258 315,284 966,099 2 7 8 7 , 8 5 3 43,226 43,226 - - - - - - 1,928,260 104,991 19,946,105 1086,025 486,246 110,844 1 7 0 , 6 9 9 125,514 98,115 3 3 6 , 8 2 8 5,029,769 1146,582 1765,729 1298,332 1014,918 3484,186 2,789,257 151,869 24,663,622 1342,885 703,361 160,338 246,919 181,558 141,926 487,227 113,785 6,219,376 1417,764 2183,347 1605,404 1254,959 4308,241 1006,128 122,000 - - 122,000 - - - - 78,662 813,681 " — Total U. S. Govt, sees. 24,785,622 1342,885 6,341,376 1417,764 2183,347 1605,404 1254,959 4308,241 1006,128 518,849 1052,717 966,099 2787,853 Total loans & securities 24,983,324 1352,887 6,388,972 1420,427 2196,242 1612,354 1 2 6 5 , 9 0 9 4371,944 1008,078 521,565 1074,994 979,899 2 7 9 0 , 0 5 3 1/ 4 1,4767353 10,668 44,941 2 / 157,339 5,28l 3,758 1 290,458 6,768 7,971 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 15 7,092,823 87,795 180,803 1 435,940 4,837 9,815 1 570,541 4,402 10,021 1 1 670,750 473,114 9,899 6,831 15,769 11,439 1 259,061 6,629 7,243 1 302,475 4,888 8,031 1 625,982 11,468 19,987 53,883,069 2912,929 13,824,329 3 2 1 9 , 7 6 0 4 7 6 6 , 8 3 6 3355,587 2 7 3 8 , 9 0 2 9345,325 2 1 7 6 , 0 4 1 1176,879 2 2 6 6 , 3 6 2 2 0 7 7 , 3 7 0 6022,749 1/ After deducting $11,000 participations of other Federal Reserve Banks." 2/ Less than $500. 1 2 507,348 1323,462 8,020 8,104 9,165 32,663 E.4.1(c) Total STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE l8, 1958 Phila- CleveSt. Boston New York delphia land Richmond Atlanta Chicago Louis Minneapolis 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 26,577,902 1581,111 6,306,322 1666,501 2475,479 2042,631 1258,480 5137,636 1179,267 Kansas City San Dallas Francisco 544,603 1061,224 713,050 2611,598 18,964,132 856,777 5,389,837 902,890 1501,870 807,173 938,522 3089,088 690,879 421,863 854,900 980,597 2529,736 333,823 8,758 9,714 8,366 24,112 9,208 32,065 27,418 22,625 23,045 40,829 33,488 94,195 289,431 16,701 1/79,057 20,217 26,077 14,943 13,185 41,899 10,841 7,032 11,427 15,236 32,816 182,181 618 123,485 10,572 1,289 2,466 1,154 2,060 1,109 362 2,002 1,508 35,556 19,769,567 883,810 5,601,137 942,045 1553,348 833,790 984,926 3160,465 725,454 452,302 909,158 1030,829 2692,303 6,109,294 365,540 1,526,068 513,981 610,584 403,299 428,511 838,413 216,557 144,242 239,159 260,872 562,068 22,631 1,304 6,120 1,120 2,468 1,061 1,044 3,502 721 691 779 1,187 2,634 52,479,394 2831,765 13,439,647 3123,647 4641,879 3280,781 2672,961 9i4o,oi6 2121,999 l l 4 i , 8 3 8 2210,320 2005,938 5868,603 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. 352,650 809,198 27,543 214,284 17,810 47,013 3,011 13.330 103,247 223,963 7,319 50,153 21,520 55,923 4,489 14.181 33,213 71,550 1,006 19.188 15,900 41,236 3,349 14.321 17,432 48,628 36,192 121,504 762 1,429 11,555 33.748 11,887 31,586 521 10.048 8,101 19,697 1,073 6.170 14,282 30,533 1,137 10.090 19,926 40,871 1,307 9.328 40,704 89,130 2,l4o 22.172 53,883,069 2912,929 13,824,329 3219,760 4766,836 3355,587 2738,902 9345,325 2176,041 1176,879 2266,362 2077,370 6022,749 115,681 997 6,595 — 2/32,609 -- 7,983 10,297 5,901 5,207 16,545 4,281 2,777 4,512 6,016 12,958 6 51 940 FEDERAL RESERVE AGENTS' ACCOUNTS 27,503,127 1621,803 6,550,330 1727,701 2548,341 2120,953 1314,766 5240,927 1220,138 560,024 1091,850 760,214 2746,080 F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. 11,948,000 700,000 3,270,000 64o,ooo 1070,000 775,000 425,000 24oo,ooo 430,000 155,000 300,000 283,000 1500,000 Eligible paper 26,752 2,525 -— — — 1,950 — 22,277 U. S. Govt, securities 17,095,000 1150,000 3,600,000 1200,000 1600,000 1400,000 1000,000 3000,000 875.000 425,000 820,000 525,000 1500,000 Total collateral 29,069.752 1850,000 6,870,000 1842,525 2670.000 2175.000 1425.000 5400.000 1306.950 580-000 1142.277 808.000 1000.000 1/ After deducting . $210, . ,374,000 participations of other Federal Reserve Banks, 2/ After deducting $83,072,000 participations of other Federal Reserve Banks.
@FedFRASER