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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release June 25, 1959 MEEKLY 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 ended June 24 increased $90 million to $18,62? million. Estimated required reserves increased $66 million; and estimated excess reserves increased $24 million to $497 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $379 million, compared with $503 million the week before. The principal changes supplying average reserves were an increase of $227 million in Federal Reserve float, and decreases of $89 million in Treasury cash holdings and $63 million in money in circulation. The principal offsetting changes were decreases of $100 million in member bank borrowings and $119 million in gold stock, and an increase of $79 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $153 million. As of Wednesday, June 24, holdings of U. S. Government securities bought outright were $25 million lower than a week earlier and member bank borrowings were $222 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 Loans, discounts, and advances-Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Averages of daily figures Week ended Change from week ended June 24, June 17, June 25, 1958 1959 1959 (In millions of cLollars) Wednesday, June 24, 1959 25,936 34 27 - 8 + 34 -- +1,045 77 18 - 25,919 876 18 1,256 28,147 20,017 5,287-/t> 53,453r-W -100 + 1 +227 +153 -119 + 6 + 41 + 777 + 18 + 232 +1,977 -1,357 + 83 + 703 892 17 911 27,765 19,771. 5,288^1 52,834- t-j 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) 31,814^1 626 515 283 349 1,238 34,825 i% + + + - + 839 72 + 75 + 3 + 120 + 94 +1,060 31,753" 412 532 337 364 1,237 34,636— Member bank reserves-Required reserves (estimated) Excess reserves (estimated) 18,627 18,130 497 + 90 + 66 + 24 - 18,188 18,014 174 63 89 79 24 12 12 49 356 184 172 — — 25 On June 24, 1959) U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,909 million, an increase of $15 million for the week and an increase of $910 million from the comparable date a year ago. B.4.l(&) STATEMENT OP CONDITION OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) June 24, 1959 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves P. 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 Change since June 25, June 17, 1958 1959 18,561,142 921,788 19,482,930 350,868 366,950 909,236 1 25,397 + + + - 1,918,200 18,649,726 2,867,565 2,483,771 25,919,262 - 73,752 7,760 65,992 31,378 14,784 222,243 999 25,200 25,919,262 - 25,200 302,160 -1;,296,379 +2,867, 565 305,486 + 963,540 44,000 + 919,540 26,853,896 15 5,578,746 96,096 172,978 52,902,479 - 248,442 +1,682, 628 -1,538,737 35 + + 12,535 -1,794,439 + 480,554 7,835 20,925 894,580 + 738,062 •» — •» — - 25,200 . Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS -1,373,249 89,399 -1,283,850 4" 12,615 + 15,723 + 781,257 342 17,827 + — - - «• - - - + - 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 27,307,517 - 18,188,029 532,009 337,474 363,578 19,421,090 4,667,729 39,957 51,436,293 - 680,683 + 153,557 + 59,644 86,116 - 553,598 -1,208,388 + 664 -1,806,595 + + + C A P I T A L A C C O U N T S Capital paid'in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 379,476 868,410 218,300 52,902,479 + + 45,273 488 mm w* + 11,668 -i,794,439 - + + - 1/+ + + 379,648 8,352 69,061 21,031 323,266 365,549 16,277 796,622 26,347 31,669 39,942 894,580 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 41.7# Contingent liability on acceptances purchased for foreign correspondents 77,434 37,607 2,593 Industrial loan commitments 360 631 1/ Net change after elimination of Sec. 13b surplus of $27,543,000 on Sept. 2, 1958 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 24, 1959 (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 883,126 25,918 192 909,236 Industrial U. S. Government Acceptances loans securities 299,200 8,573 16,824 9,223,433 11,045,293 3,881,179 410,385 1,059,772 25,919,262 25,397 H.4.1(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 JrUNE 24, 3L959 St. ClevePhilaChicago Atlanta Richmond New York Boston Louis de3.phia land 18,561,142 871,617 921,788 54,720 19,^82,930 926,337 Kansas City San Dallas Francisco 5,025,275 1043,755 1587,006 1015,260 891,129 3278,640 697,370 403,990 661,332 658,495 2427,273 196,000 59,697 83,355 82,051 53,748 172,683 43,236 5,221,275 1103,452 1670,361 1097,311 944,877 3451,323 740,606 F.R. notes of other Banks Other cash 350,868 366,950 27,382 23,858 84,844 68,230 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 909,236 1 26,078 120,590 25,397 Minneapolis 22,804 42,366 28,934 82,194 426,794 703,698 687,429 2509,467 12,847 32,735 28,554 21,827 53,222 33,164 26,546 56,878 11,702 24,387 13,889 10,144 17,815 13,660 17,059 15,448 52,717 115,985 72,235 88,539 140,025 29,449 18,238 1 97,237 31,914 116,229 19,524 19,119 37,484 47,500 25,397 82,684 76,563 219,095 43,690 78,013 482,719 109,388 166,074 122,933 101,097 331,949 1,918,200 103,995 744,385 2130,153 803,897 424,785 18,649,726 1011,095 4,693,241 1063,519 1614,656 1195,224 982,915 3227,372 758,484 123,606 114,456 327,530 65,315 721,628 163,526 248,268 183,777 151,132 496,238 116,624 2,867, 565 155,465 99,137 283,694 625,046 141,639 215,040 159,180 130,905 429,821 101,015 56,573 107,063 2,483,771 134,658 25,919,252 l T ^ 7 2 i r ^ 7 5 ^ W T 4 W 0 7 2 2244,038 1661,114 1366,0^9^585,IB010547I36 590,363 1117,250 1034,541 2960^72 25,919,262 1405,213 6,522,634 1478,072 2244,038 1661,114 1366,049 4485,380 1054,136 590,363 1117,250 1034,541 2960,472 Total loans & securities 26,853,896 1431,291 6,668,621 1530,789 2360,023 1733,349 1454,588 4625,405 1083,585 608,602 1214,487 1066,455 3076,701 Total U. S. Govt, sees. Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 15 5,578,746 96,096 172,978 1 3 7 4 411,228 1,016/730 4,532 10,182 9,486 42,166 1 325,546 4,119 9,492 1 1 1 2 1 509,649 452,991 466,944 868,262 223,915 9,329 7,004 9,783 13,138 6,985 15,070 10,883 10,081 28,885 7,117 1 290,865 4,715 8,213 1 292,846 8,781 7,128 1 567,585 12,334 20,570 52,902,479 2834,115 13,112,052 3012,042 4610,015 3351,920 2972,660 9070,439 2098,298 1220,695 2253,454 2095,147 6271,642 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. 2 / 152,185 5,194 3,887 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 24, ].959 St. ClevePhilaRichmond Atlanta Chicago New York Boston Louis land delphia H.4.1(c) Total Minne1 apolis Kansas City Dallas San Francisco L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S.Treas.-gen.acct. Foreigi Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 27,307,517 1588,128 6,338,557 1742,112 2516,182 2039,591 1479,552 5206,701 1200,594 13,188,029 532,009 337,474 363,578 19,421,090 763,434 25,413 17,050 531 806,428 5,114,837 72,808 1/114,274 307,370 5,609,289 4,667,729 355,342 754,847 613,165 1101,034 776,896 2705,005 835,111 1450,280 30,006 34,318 20,460 27,900 2,307 956 887,884 1513,454 799,169 969,094 2757,799 46,063 70,017 48,007 14,570 45,880 15,500 4,364 1,051 l,8l4 864,490 1034,091 2874,747 615,864 25,503 11,470 6.724 659,561 408,028 20,777 7,440 182 436,427 789,877 46,199 12,090 1,647 849,813 934,663 2749,873 41,256 71,642 16,120 34,720 736 35,896 992,775 2892,131 283,590 369,270 180,101 134,006 241,983 248,727 444,731 386,039 764,337 504,756 1.953 _ 5,086 2,174 10,050 1,969 3,796 2,102 2,154 6,433 1,4.15 1,176 1,649 39,957 2752^072 12,712^743 2915)555 4478,163 3275,453 2901,836 8852,218 2041,671 1184,774 2194,479 2020,351 6106,978 51,436,293 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. 379,476 868,410 218,300 18,527 50,116 13,400 109,583 238,902 50,824 22,554 59,607 14,326 35,916 76,643 19,293 17,010 44,846 l4,6ll 19,479 39,474 11,871 52,070 132,159 33,992 12,695 33,746 10,186 8,655 20,785 6,481 15,502 32,935 10,538 21,818 43,436 9,542 45,667 95,761 23,236 52,902,479 2834,11513,112,052 3012,042 4610,015 3351,920 2972,660 9070,439 2098,298 1220,695 2253,454 2095,147 6271,642 77,434 360 4,257 2/21,706 5,108 6,966 20 3,870 3,638 11,455 2,864 1,857 3,019 340 4,025 8,669 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 28,240,566 1638,097 Collat. for F. R. notes: Gold certificate acct. 10,750,000 580,000 Eligible paper 176,989 U. S. Govt, securities 18,710,000 1150,000 Total collateral 29,636,989 1730,0*00 1/ After deducting $223,200,000 participations 2/ After deducting $55,728,000 participations 6,588,720 1784,248 2569,943 2117,308 1542,821 5318,991 1245,256 625,600 1134,782 820,109 2854,691 2,920,000 200,000 300,000 — 96,574 450,000 850,000 650,000 1246,574 290,000 1300,000 640,000 920,000 670,000 500,000 2000,000 430,000 51,595 — -— — 28,820 4,000,000 1200,000 1750,000 1500,000 1-100,000 3500,000 935,000 6,920,000 1891,595 2670,000 2170,000 1600,000 5500,000 1393,820 of other Federal Reserve Banks. of other Federal Reserve Banks. 575,000 1700,000 865,000 3000,000
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