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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release June 27, 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 tank reserves for the week ending June 26 increased $23 million to $19,171 million. Estimated required reserves increased $55 million; and estimated excess reserves decreased $32 million to $560 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $443 million, compared with $497 million the week before. The principal changes supplying average reserves were decreases of $81 million in "other" deposits with Federal Reserve Banks, $55 million in money in circulation, and $4l million in Treasury deposits with Federal Reserve Banks, and an increase of $21 million in Federal Reserve holdings of U. S. Government securities. The principal offsetting changes were decreases of $86 million in member bank borrowings and $64 million in Federal Reserve float, and an increase of $18 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $130 million. As of Wednesday, June 2 6 , holdings of U. S. Government securities bought outright were $40 million higher than a week earlier and member bank borrowings were $220 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-Metriber 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 26, 1957 June 19, 19571 June 27, 1956 (In millions of dollars) 22,888 63 + 8 + 13 -564 + 37 20 - 1 - 86 +247 22,622 - 64 -130 + 1 53,023 -128 - 49 -327 +823 ±_23 +571 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) 30,849 776 477 407 254 1,087 33,851 - 55 Member bank reserves— Required reserves (estimated) Excess reserves (estimated) 19,171 1,003 1 1,320 25,294 5,106 18,611 560 + 11 -153 +364 - 5 - 93 +110 - 36 + 87 +429 + 23 55 32 +l4l +176 - 35 - 6 - 4l + 18 - 81 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 22,622 Treasury cash holdings 770 Treasury currency outstanding 5,106 Member bank) - Required (est.) 18,536 Money in circulation 30,890 reserves ) - Excess (est.) 92 On June 26, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,754 million, an increase of $7 million for the week and an increase of $52 million from the comparable date Digitized FRASER a foryear ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since June 27, June 19, 1956 1957 June 26, 1957 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 outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 21,099,391 845,264 21,944,655 317,656 340,989 824,047 744 19,916 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 1 - + + 102 + 3,479 219,811 + 19 501 + - +830,002 ±. 5,931 +835,935 + 51,025 - 8,664 +286,681 178 + 3,363 -428,057 +429,500 175,213 11,362,199 8,571,413 2,801,750 22,910,575 40,000 22.W.S75 40,000 -501,057 - 29,900 -610,957 -582,500 40,000 23,755,282 - 179,291 -321,091 5,224,025 79,170 219.946 51.881.745 -1,755,741 + 251 + 11,876 -1,911.680 +191,245 + 11,445 + 6.232 +766.127 26,535,315 + 49,575 +326,830 18,628,208 455,524 409,806 272,165 + + 68,643 -119,983 22,638 50,510,272 423,686 146,377 39,819 10.388 - 540,632 -1,432,451 + 1,003 -1,922,505 332,672 239 + 17,061 51,881,745 + 10,586 -1,911,680 + 33,740 +766,127 22 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 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 747,593 27,543 255,665 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased# v for foreign correspondents Industrial loan commitments 1,778 SCO +661,345 + 53,981 + 47.4# 61,411 +116,366 - 17,949 1,214 22 1.4$ + 16,055 799 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 26, 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 bib,947 5,100 824,04? Industrial loans gg 29 463 190 7# Acceptances 13,942 19,916 U. S. Government securities 357550 7,994,328 12,088,540 680,635 750,375 1,358,247 22,910,575 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 26, 1957 St. Phila- CleveRichmond Atlanta Chicago New York Boston Louis land delphia (In thousands of dollars) H.4.1(h) Total A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 21,099,391 1008,941 845.264 21,9^4,655 54.450 5,947,036 1119,037 1811,999 1302,824 795,250 3758,164 172.853 58.791 73.747 76,179 48.936 151.544 Minneapolis Kansas City Dallas 855,385 326,912 807,317 781,903 2584,623 42.563 22,547 40,568 25,347 San Francisco 77,539 1063,391 6,119,889 1177,828 1885,746 1379,203 844,186 3909,708 897,948 349,459 847,885 807,250 2662,162 F.R. notes of other Banks Other cash 317,656 340,989 11,031 21,640 Discounts and advances Industrial loans Acceptances-Bought outright U. S. Govt, securities: Bought outrightBills Certificates Notes Bonds Total Held under repurchase agreement 824,047 744 34,465 327 9,508 24,983 14,573 30,658 8,143 11,721 18,625 47,110 31 84,625 26,350 40,500 7,246 469,884 354,471 115.866 947,467 245,196 184,971 60.462 3,781 7,523 487,813 367,996 120.288 22,095 35,276 16,602 17,195 68,449 27,838 29,448 51,118 10,684 18,914 11,088 73,515 20,810 18,282 69,475 79,470 157,065 72,985 55,822 137,555 9,075 30,584 43,817 10,227 15,390 11,195 2,841,470 663,246 998,033 725,965 588,528 1983,283 2,143,548 500,339 752,896 547,653 443,974 1496,149 - - 700.664 163.547 246.100 179.012 145.122 489.048 5,729^499 1337,359 2012^419 1463,825 1186,699 3999,064 62,300 386 42,774 19,916 19,916 6,867 19,951 445,273 1293,745 335,905 975,975 109,798 319,019 897,843 2608,690 175,213 11,362,199 8,571,413 2.801.750 22,910,575 1249,'680 Total U. S. Govt, sees. 22.910.575 1249.680 5.729.499 1337.359 2012.419 1463.825 1186.699 3999.064 947.467 494.410 983,620 897,843 2608,690 Total loans & securities 23,755,282 1284,472 5,818,890 1417,215 2169,484 1536,810 1242,521 4136,619 966,092 541,551 1068,245 924,193 2649,190 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 5,224,025 79,170 219.946 9,557 619,763 467,536 152.824 1 443,107 5,184 11.839 1/ 6 911,164 10,042 53.588 2 352,857 4,648 12.531 2 505,293 9,039 19.380 51,881,745 2840,665 13,049,394 3004,173 4646,315 3359,985 1/ After deducting $16,000 participations of other Federal Reserve Banks. 1 388,996 7,179 13,999 1 388,787 5,473 11,428 3 1 824,437 202,611 6,504 5,482 39,811 8,890 494,410 983,620 1 126,067 5,222 4,754 1 253,808 4,733 9,299 1 2 297,467 529,431 5,104 10,560 9,308 25,119 2588,683 8997,648 2110,622 1046,285 2205,200 2082,879 5949,896 H.U.l(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 JUNE 2 6 , 1957 St. ClevePhilaRichmond Atlanta IChicago New York delphia Boston Louis land (in thousands of dollars) Minneapoiis Kansas Dallas 26,535,315 1593,580 6,247,941 1695,545 2515,305 2093,272 1251,650 5128,064 1174,598 481,251 1055,955 18,628,208 781,159 47,707 455,524 409,806 23,606 498 272,165 19,Yt>5,703 852,970 4,194,616 313,395 San Francisco 682,262 2615,892 5,352,511 863,254 1497,723 814,767 902,545 2895,204 685,923 392,336 858,46o 987,693 2596,633 18,077 19,933 22,653 27,553 50,933 87,371 36,029 33,139 30,901 28,743 62,485 21,164 45,584 15,466 9,768 15,059 1/117,173 28,490 36,630 20,757 18,315 57,794 1,264 1,812 2,613 403 35,432 923 ~ 213,406 10,745 998 2,828 1,243 2728,582 425,160 892,926 1039,023 3016,747 722,727 5,770,461 928,518 1568,490 869,253 950,046 653,016 284,336 438,082 323,668 321,466 650,346 159,689 104,690 200,869 292,092 452,967 1,090 881 1,109 2,152 1,207 5,994 1,026 2,560 1,107 1,102 3,600 810 22,638 2761,152 12,677,412 2909,425 4524,43? #8'/,jU0 2525,064 0790,757 2057,024 1012,191 2150,631 2014,486 5799,593 50,518,272 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7l Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents xno.usT.riax xoan commit. F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. Eligible paper U. S. Govt, securities Total collateral 2/ After deducting 332,672 747,593 27,543 255,665 17,120 43,948 3,011 15,434 95,167 208,002 7,319 61,494 21,066 52,301 4,489 16,892 31,985 66,393 1,006 22,494 15,321 37,594 3,349 16,421 16,122 45,527 33,179 110,421 762 1,429 13,556 41,514 11,372 29,331 521 11,574 7,310 18,520 1,073 7,191 13,525 27,983 1,137 11,924 18,714 37,508 1,307 10,864 39,443 82,413 2,l4o 26,307 51,881,745 2840,665 13,049,394 3004,173 4646,315 3359,985 2588,683 8997,648 2110,622 1046,285 2205,200 2082,879 5949,896 6l,411 1, r iu 3,561 2/17,265 -- 4,298 5,526 3,131 2,763 JJ *-»• FEDERAL RESERVE AGENTS' ACCOUNTS 8,719 2,272 "-f 27,556,103 1636,332 6,522,130 1771,665 2585,596 2154,138 1312,965 5231,135 1233,292 1,473 - 2,333 3,193 6,877 " 531,990 1086,307 727,285 2763,268 11,848,000 580,000 3,170,000 640,000 1130,000 865,000 400,000 2400,000 450,000 130,000 300,000 283,000 1500,000 -— —— 79,470 -» —— —— —— 18,625 84,625 *"* 182,720 1150,000 3,600,000 1200,000 1500,000 1310,000 1000,000 3000,000 875,000 425,000 820,000 525,000 1500,000 16,905,000 28,935,720 1730,000 6,770,000 1919.470 2630.000 2175.000 1400.000 5400.000 1343.625 555.000 1204.625 808.000 1000.000 $44,146,000 participations of other Federal Reserve Banks.
@FedFRASER