The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
5.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release June 26, 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 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 ending June 2 5 i n c r e a s e d $364 m i l l i o n t o $18,983 m i l l i o n * Estimated r e q u i r e d r e s e r v e s i n c r e a s e d $320 m i l l i o n ; and e s t i m a t e d 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 $710 m i l l i o n . Excess r e s e r v e s exceeded member bank borrowings a t t h e F e d e r a l Reserve Banks by $ 6 l l m i l l i o n , compared with $491 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 $320 m i l l i o n i n F e d e r a l Reserve holdings of U. S. Government s e c u r i t i e s , and d e c r e a s e s of $130 m i l l i o n i n " o t h e r " d e p o s i t s w i t h F e d e r a l Reserve Banks,$95 m i l l i o n i n money i n c i r c u l a t i o n , and $51 m i l l i o n i n f o r e i g n d e p o s i t s w i t h F e d e r a l Reserve + f* P f i B c i p a l o f f s e t t i n g changes were d e c r e a s e s of $ 1 6 6 m i l l i o n i n gold stock and $76 m i l l i o n i n member bank borrowings. T o t a l Reserve Bank c r e d i t i n c r e a s e d $231 m i l l i o n . . °£ Wednesday, June 25, holdings of U. S, Government s e c u r i t i e s bought o u t r i g h t were $292 m i l l i o n h i g h e r than a week e a r l i e r , U, S. Government s e c u r i t i e s } " S e r repurchase agreement were $ 7 8 m i l l i o n lower, and member bank borrowings were $26 m i l l i o n l o w 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 a d v a n c e s - Member bank borrowings Other Float T o t a l Reserve Bank c r e d i t Gold stock Treasury currency o u t s t a n d i n g 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 w i t h F . R. Banks Foreign d e p o s i t s w i t h F . R. Banks Other d e p o s i t s w i t h F . R. Banks Other F. R. accounts ( n e t ) 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 ) * Less than $500,000, Averages of d a i l y f i g u r e s For week ending Change from week ending June 25. 1958 June 18. 19581 June 26, 1957 ( I n m i l l i o n s of d o l l a r s ) 24,891 111 45 +310 + 10 +2,003 + 48 + 25 99 * 1,024 - 76 - 26,170 + 21,374 5,204 52,748 + 66 30,975 - 95 698 44o 280 229 1,144 33,765 18,983 18,273 710 904 1 296 876 -1,248 - 19 - 51 -130 - 2 4>9B ± 98 - 275 + - 126 78 - 127 25 - 37 : — S - 188 + 164 - 352 For Wednesday F e d e r a l Reserve f i g u r e s see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED - a t t a c h e d . L a t e s t Wednesday f i g u r e s f o r other items a p p e a r i n g above a r e , i n m i l l i o n s of d o l l a r s : Gold stock 21,356 Treasury cash h o l d i n g s 700 Treasury currency o u t s t a n d i n g 5,204 Member bank) - Required ( e s t . ) 18.224 Money i n c i r c u l a t i o n 30,973 r e s e r v e s ) - Excess (est.) 344 On June 25, 1 9 5 8 , U. S. Government s e c u r i t i e s h e l d i n custody by t h e F e d e r a l Reserve Banks f o r f o r e i g n account were $ 2 , 9 9 9 m i l l i o n , a decrease of $113 m i l l i o n f o r t h e week and a decrease of $ 7 5 5 m i l l i o n from t h e comparable Digitized d a t efor aFRASER year ago. B.4.1(a) STATEMENT OF COSDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) Change since June 26, June % 1958 1957 June 25# 1958 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 r e s e r v e s F . R. notes of o t h e r Banks Other cash Discounts and advances I n d u s t r i a l 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 Total 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 19,934,391 832,389 + 20,766,780 338,253 351,227 127,979 343 43,224 + - + 2,220,360 19,946,105 2,789,257 24,955,722 44,000 24,999,722 Total loans 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 25,171,268 15 5,098,192 88,261 193,903 52*007*899 L I A B I L I T I E S Federal Reserve noteU Deposits: Member bank r e s e r v e s U. S. Treasurer—general 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 R a t i o of gold c e r t i f i c a t e r e s e r v e s t o d e p o s i t and F . R. note l i a b i l i t i e s combined Contingent l i a b i l i t y 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 commitments 10,238 292,100 + +2,045,147 +8,583,906 -8,571,413 12,493 2 9 2 , 1 0 0 +2,045,147 78,000 + 44,000 214,100 +2,089*147 + 187,944 + +1,415>986 -1,994,631 + 466 + + 13,100 -1,875,170 + 18,567,677 523,657 268,413 384,609 19,744,356 4,302,180 - 396,455 h 189,834 27,543 + 13,055 8,447 353,129 809,198 -1,165,000 12,875 -1,177)875 + 20)597 26,016 - 696,068 401 138 2 + 23,308 26,569,455 50,639,671 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 99,000 2j.11 101,111 6,007 - 21,018 : 25,211 + 34,140 + 60,531 68,133 141,393 112,444 21,347 107,564 h 202,428 -1,807,114 1,049 -1,839,723 + 479 D 7 125,833 9,091 26,043 126,154' + + 121,399 + + 61,605 20,457 -- 178,358 52,007,899 35,926 - -1,875,170 77,307 126,154 44.8$ .2$ - 2.6# 115,041 991 640 + - 6 53,630 787 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 25. 1958 (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 a s maturing w i t h i n 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 y e a r 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 125,798 2,181 Industrial loans 153 29 73 Acceptances 16,529 26,695 88 127,979 m U. S . Government , securities 554,200 8,652,493 13,364,558 1,013,614 56,610 43,224 1,358,247 2^,999,722 E.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH JUNE 25, 1958 St. PhilaCleve Boston New York Richmond A t l a n t a Chicago Louis delphla land ( I n thousands of d o l l a r s ) Total ASSETS Minneapolis Kansas City Dallas 743,070 406,457 667,065 722,768 2240,723 147,378 42,011 21,558 40,531 802,956 3790,068 785,081 428,015 707,596 San Francisco 19,934,391 951,669 832,389 53,378 20,766,780 1005,047 F.R. n o t e s of o t h e r Banks Other cash 338,253 14,247 23,483 85,920 65,463 26,116 21,069 27,464 38,074 18,921 17,538 50,938 29,979 26,438 52,507 13,477 20,850 14,198 8,274 7,567 10,706 17,862 17,003 35,105 46,281 Discounts and advances I n d u s t r i a l loans Acceptances-Bought o u t r i g h t U. S . Govt, s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates Notes Bonds Total Held under-repurchase agreement 127,979 10,835 327 10,160 5,345 17,363 12,575 9,490 26,465 4,600 5,650 16 17,496 800 7,200 43,224 -— -— -— 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 T o t a l gold c e r t i f i c a t e reserves 351,227 343 43,224 5,978,126 1056,734 1676,790 1092,135 170,360 56.459 75,215 78,666 6,148,486 1113,193 1752,005 1170,801 —— 756,164 3642,690 46,792 —— 2,220,360 120,895 19,946,105 1086,025 559,904 127,635 196,557 144,528 112,978 387,852 5,029,769 1146,582 1765,729 1298,332 1014,918 3484,186 90,578 813,681 2.789,257 151.869 24,955,722 1358,789 703.361 160.338 246,919 181.558 6,293,034 1434,555 2209,205 1624,418 113.785 141.926 487.227 1269,822 4359,265 1018,044 27,646 72.395 750,414 2313,118 — «• 46,710 94,771 58.678 119.054 419,606 - 8 5 1 , 3 6 0 86,974 250,978 781,309 2254,608 109.258 315.284 524,994 1065,185 977,541 2820,870 44.000 44.000 "Total U. S. Govt, s e e s . 24.999,722 1358,789 6 , 3 3 7 , 0 3 4 1434,555 2209,205 1 6 2 4 , 4 l 8 1 2 6 9 , 8 2 2 4 3 5 9 . 2 6 5 1018.044 5 2 4 . 9 9 4 1 0 6 5 , 1 8 5 977,541 2820,870 Total loans & s e c u r i t i e s 25,171,268 1369,951 6,390,418 1439,900 2 2 2 6 , 5 6 8 1636,993 1279,312 4385,730 1 0 2 2 , 6 4 4 530,660 1082,681 978,341 15 5,098,192 1 2/ 1 131,E31 293,990 5,281 4,888 4.045 8.660 290,098 6,769 Due from f o r e i g n banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 88,261 193,903 369,625 4,803 10,435 1 / 4 952,027 10,685 47,394 1 328,998 4,379 10,746 1 467,821 9,916 17.405 1 406,940 8,339 9.867 2 777,367 8,104 35,190 52,007,899 2797,592 13,700,397 2944,402 4539,254 3267,983 2588,332 9075,406 1 / A f t e r "deducting $11,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 2 / Less than $500. 1 404,452 6,801 12,476 1 200,035 6,739 7.669 2056,496 1122,304 2116,089 1 8.491 2828,070 1 475,008 11,557 21.525 2068,979 5730,665 E.4.1(c) 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 / STATEMEN' OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 25, 1958 PhilaCleveSt. Boston New York Richmond A t l a n t a Chicago Louie land delphia ( I n thousands of d o l l a r s ) 26,569,455 1585,136 18,567,677 523,657 268,413 384.609 19,744,356 4,302,180 6,309,991 1666,422 2473,203 2045,635 1260,548 5131,086 1175,392 Minneapolis Kansas City Dallas San Francisco 542,255 1055,235 712,925 2611,627 775,997 5,391,703 545 515,028 15,276 1/75,989 564 329,772 792,382 6,312,492 867,528 1494,920 596 570 18,492 23,852 10.081 853 896,697 1520,195 791,132 517 13,668 2.018 807,335 901,149 3044,301 657,947 535 501 546 12,060 38,324 9,916 1.010 828 1.594 914,754 3083,954 670,003 421,443 2,184 6,432 318 430,377 770,994 561 10,452 1.024 783,031 976,422 2474,141 592 1,482 13,936 30,016 1.451 35.096 992,401 2540,735 339,468 286,181 341,266 347,664 114,488 222,332 292,250 696,212 421,375 658,049 157,466 425,429 23.680 809 924 1.269 2.861 6,072 1.089 2.637 1.192 1.159 3.609 730 .1*22250,639,671 2718,315 13,324,767 2850,389 4417,410 3195,428 2524,125 8876,698 2003,670 1087,850 2061,522 1998,845 5580,652 CAPITAL ACCOUNTS Capital paid in Surplus ( S e c t i o n 7) S u r p l u s ( S e c t i o n 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. l i a b . on a c c e p t ances purchased f o r f o r e i g n correspondents I n d u s t r i a l loan commit. 353,129 809,198 27,543 178.358 17,825 47,013 3,011 .11,428 21,521 55,923 4,489 12,080 33,251 71,550 1,006 16,037 15,907 41,236 3,349 12^63 17,447 48,669 36,192 121,504 762 1,429 9., 806 27,10.6 11,893 31,586 521 8.826 8,122 19,697 1,073 5.562 14,301 30,533 1,137 8.596 19,960 40,871 1,307 7.996 40,704 89,130 2,140 18.039 52,007,899 2797.592 13.700.397 2944.402 4539.254 3267.983 2588.332 9075.406 2056.496 1122.304 2116.089 2068.979 5730.665 115,041 QQi 6,555 F . R. n o t e s o u t s t a n d i n g 27,483,308j 1628,186 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 . 11,948,00C 700,000 E l i g i b l e paper 27,441 U. S. Govt, s e c u r i t i e s 17.095.00C 1150.000 Total c o l l a t e r a l 29.070.443J 1850.000 1 / A f t e r deducting f192,424,000 p a r t i c i p a t i o n s 2 / A f t e r deducting $ 82,570,000 p a r t i c i p a t i o n s 103,529 223,963 7,319 40,819 2/32,471 5,865 5,175 16,445 4,255 10,235 ,51. FEDERAL RESERVE AGENTS' ACCOUNTS 6,540,763 1724,716 2550,151 2123,309 1316,905 5230,836 1217,418 7,935 3,270,000 640,000 1070,000 775,000 425,000 2400,000 430,000 — 5,345 — — — 4,600 3,600,000 1200.000 1600,000 1400.0C0 1000,000 3000,000 875,000 . 6,870.000 1845.345 2670.000 2175.000 1425.000 5400,000 1309,600 of o t h e r F e d e r a l Reserve Banks of o t h e r F e d e r a l Reserve Banks. 2,760 4,485 940 5,980 12,880 559,211 1086,170 761,644 2743,999 155,000 300,000 — 17,496 425,000 820,COO 580.000 1137.496 283,000 1500,000 — 525,CCO 15CO,000 808.000 3000.000
@FedFRASER