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B.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release June 4, 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 tank r e s e r v e s f o r t h e week ended June 3 decreased $69 m i l l i o n t o $18,324 m i l l i o n . Estimated r e q u i r e d r e s e r v e s decreased $51 m i l l i o n ; and estimated excess r e s e r v e s decreased $18 m i l l i o n t o $326 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 $523 m i l l i o n , compared with $314 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 reducing average r e s e r v e s were a decrease of $87 m i l l i o n in Federal Reserve f l o a t and an increase of $168 m i l l i o n in money in c i r c u l a t i o n . The p r i n c i p a l o f f s e t t i n g change was an increase of $191 m i l l i o n in member bank borrowings. Total Reserve Bank c r e d i t increased $102 m i l l i o n . As of Wednesday, June 3, 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 those h e l d under repurchase agreement were unchanged from a week e a r l i e r and member bank borrowings were $178 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 outright—System account Held under repurchase agreement Acceptances--bought o u t r i g h t Loans, discounts, and advances— Member bank borrowings Other Float Total Reserve Bank c r e d i t Gold stock Treasury currency outstanding Averages of d a i l y f i g u r e s Week ended Change from week ended June 4, May 27, June 3, 1958 1959 1959 (In m i l l i o n s of d o l l a r s ) 25,905 —— — «•> 27 —- - 1 +1,711 -14 25,905 -26 + 715 16 16 +2, 410 -1,406 4- 70 +1,074 714 17 811 27,473 20,188 5,272 52,933 652 5 137 59 108 162 896 31,687 710 474 354 391 1,218 34,834 177 424 247 18,099 18,Oil 88 849 17 853 27,650 20,188 5,271" 2 53,109- \ o +191 Money in c i r c u l a t i o n Treasury cash holdings 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 ) 31,64ar^ 70L^-( 548 297 376 1,219 , 34,78 V w +l68 - 4 + 5 + 16 + 13 - 25 +172 + Member bank reserves— Required r e s e r v e s (estimated) Excess r e s e r v e s (estimated) 18,324 17,998 326 - 69 - 51 - 18 + + —— - 87 +102 mm mm + 3 +104 Wednesday, June 3, 1959 4- + + + + - On June 3, 1959, U. S. Government s e c u r i t i e s held in custody by the Federal Reserve Banks f o r f o r e i g n account were $3,761 m i l l i o n , an increase of $57 m i l l i o n f o r t h e week and an increase of $716 m i l l i o n from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) Change since May 27, June 4, 1959 1958 June 3, 1959 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 I n d u s t r i a l loans Acceptances—bought outright U. S. Government s e c u r i t i e s : Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government s e c u r i t i e s 18,691, 894 — 9 1 3 , 052 19,604, 9 % 295, 638 353, 410 731, 271 2 26, 395 __ 2 2 + + 51,155 - 10,633 - + 177,739 - - 496 1,903, 500 18,649, 726 - 2,867, 565 Total loans and s e c u r i t i e s Due from foreign banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS -1,481,497 + 81,789 + 29,281 24,258 -1,399,708 + 589,472 473 14,835 + 372,140 -1,296,379 w +2,867,565 * - 2,483, 771 25,904,362 - 305,486 +1,637,840 25,904,562 +1,637,840 26,662,230 15 5,008,250 95,626 154,600 52,174,715 177,243 +2,212,004 89,669 + 304,528 + + 111 12,505 38,182 + 624,508 + • - 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 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 27,191,801 + 116,887 18,098,764 474,342 353,974 390,799 19,317,879 4,197,107 38,378 50,745,165 + 37,112 50,477 65,382 37,422 89,439 179,599 4l 26,686 CAPITAL ACCOUNTS Capital paid"in Surplus Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 378,308 868,410 182,832 52,174,715 Ratio of gold c e r t i f i c a t e reserves t o deposit and F. R. note l i a b i l i t i e s combined 42.2# Contingent l i a b i l i t y on acceptances purchased f o r foreign correspondents 79,633 I n d u s t r i a l loan commitments 360 1/ Net change a f t e r elimination of Sec. 13b surplus of $27, - + + + - - + + 79 - - + + 11,417 38,182 - + + + 85,496 58,124 82,350 25,860 + 80,838 + 26,712 + 329,089 + 16,881 +1,051,316 1/+ 31,669 7,566 +1,102,131 .1# - + + 8,099 17,769 +1,102,131 2,562 — — 3-7# - 30,993 646 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 3, 1959 (Acceptances and s e c u r i t i e s held under repurchase agreement are c l a s s i f i e d as maturing within 15 days i n accordance with maximum maturity of the agreements.) Within 15 days 16 days t o 90 days 91 days t o 1 year Over 1 year t o 5 years Over 5 years t o 10 years Over 10 years Total Discounts and advances 703,984 27,104 183 731,271 Industrial loans 1 1 Acceptances U. S. Government securities 26,395 9,357,073 11,012,193 3,881,179 206,495 1,263,662 25,904,562 6,629 19,766 183,960 Total g I H.4.1(b) Boston OF C0NDIT3EON OF EAC:H FEIERAL RESERVE BANK ON <R ] JNE 3, 1959 PhilaCleveSt. New York delphia land Richmond Atlanta Chicago Louis Minneapolis Kansas City Dallas San Francisco ASSETS Gold c e r t i f i c a t e account Redemption fund for F. R. notes Total gold c e r t i f i c a t e reserves 18,691,894 873,511 4,984,652 1054,850 1601,611 1007,602 899,172 3333,697 721,654 911.052 55.171 187.879 58.422 84.027 84.056 54.2QQ 168.462 4%.471 19,604,9^6 928,684 5,172,531 1113,272 1685,638 1091,658 953,471 3502,159 765,127 F.R. notes of other Banks Other cash 295,638 353,410 22,100 26,116 75,461 68,102 16,4l8 14,686 13,268 31,774 31,321 22,734 47,964 55,352 21,448 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 731,271 54,417 36,525 77,797 75,100 47,149 59,764 164,456 18,924 2 26,395 1,903,500 18,649,726 2,867,565 2,483,771 25,9047552 31,198 23,069 7,698 414,598 695,781 687,791 2416,975 21.050 42,543 29,072 82,596,. 437,648 738,324 716,863 2499, 571 11,494 4,311 11,867 16,020 13,302 28,246 43,431 25,134 111,517 2 18,959 41,529 11,668 26,395 103,198 479,020 108,550 164,801 121,991 1011,095 4,693,241 1063,519 1614,656 1195,224 721,628 163,526 248,268 183,777 155,465 134,658 625,046 141,639 215,o4o 159,180 1404,416 6,518,935 1477,234 2242,765 1660,172 100,322 329,405 77,415 982,915 3227,372 758,484 43,355 424,785 151,132 496,238 116,624 65,315 130,905 429,821 101,015 56,573 1365,274 4482,836 1053,538 590, 028 82,050 75,977 217,4l6 803,897 744,385 2130,153 123,606 114,456 327,530 107,063 99,137 283,694 1116, 616 1033,955 2958,793 6,518,935 1477,234 2242,765 1660,172 1365,274 4482,836 1053,538 590,028 I l l 6 , 6 l 6 1033,955 2958,793 Total U. S. Govt, sees. 25,904,562 l4o4,4l6 Total loans & securities 26,662,230 1458,833 6,581,855 1555,031 2317,865 1707,321 1425,038 4647,292 1072,462 615,164 1228,133 1052,914 3000,322 Due from foreign banks Uncollected cash items Bank premises Other assets 1 1 / 4 l 1 1 15 1 2 1 2 / 1 1 1 5,008,250 339,382 885,730 296,989 466,800 416,498 414,735 854,224 209,756 142,310 255,923 234,141 491,762 95,626 4,532 10,182 4,137 9,326 7,001 9,784 12,813 6,930 5,188 4,715 8,562 12,456 TOTAL ASSETS 52,174,715 2788,130 12,831,841 3009,090 4538,453 3286,305 2891,332 9120,728 2089,825 1226,966 2250,721 2048,045 6093,279 154,600 8,482 37,976 8,556 13,781 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2 / Less than $500. 9,771 9,141 25,817 6.403 3,494 7,447 6,242 17.490 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 3, 1959 Total Boston C Net, York L I AB I L I T I E S Federal Reserve notes Deposits: Member bank reserves 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 27,191,801 1574,473 £ ^ d | Richmond Atlanta Chicago (In thousands of d o l l a r s ) ^ Dallas 6,322,742 1722,590 2499,906 2022,932 1471,187 5191,354 1199,491 608,815 1101,892 F r JSscc 768,801 2707,618 18,098,764 773,660 4,891,791 886,591 1452,752 804,146 952,360 2878,556 635,398 427,701 813,529 947,633 2634,647 474,342 28,506 70,802 25,189 36,147 33,184 38,198 61,498 20,383 20,909 43,025 27,551 68,950 353,974 18,865 1/107,014 22,638 30,870 17,150 16,121 50,764 12,691 8,232 13,377 17,836 38,416 390,799 391 333,166 632 2,181 2,800 2,869 828 392 544 2,643 930 43>423 19,317,879 821,422 5,402,773 935,050 1521,950 857,280 1009,548 2991,646 668,864 457,386 872,574 993,950 2765,436 4,197,107 309,794 705,886 255,070 383,917 329,909 339,722 719,366 164,795 124,392 217,375 210,241 436,640 38,378 2,173 9,942 2,093 3,891 2,052 1,936 6,570 1,362 1,196 1,575 1,588 4,000 50,745,165 2707,862 12,441,343 2914,803 4409,664 3212,173 2622,393 6906,936 2034,512 1191,789 2193,416 1974,580 5933,694 CAPITAL ACCOUNTS C a p i t a l paid i n 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. 378,308 868,410 182,832 18,513 109,528 11,639 42,068 50,116 22,364 35,892 12,316 16,254 59,607 76,643 16,872 44,846 12,414 19,314 51,892 10,151 27,741 39,474 132,159 12,661 33,746 8,906 8,645 20,785 5,747 15,442 32,935 8,928 21,796 45,389 8,233 18,435 43,436 95,761 52,174,715 2788,130 12,831,841 3009,090 4538,453 3286,305 2891,332 9120,728 2089,625 1226,966 2250,721 2048,045 6093,279 79,633 360 4,395 —- F. R. notes outstanding 28,048,226 1637,053 Collat. for F. R. notes: Gold c e r t i f i c a t e acct. 10,725,000 580,000 Eligible paper 190,824 U. S. Govt, securities 18,685,000 1150,000 Total c o l l a t e r a l 29,600,824 1730,000 1/ A f t e r deducting $246,960,000 p a r t jLcipations j?/ A f t e r deducting $57,528,000 parti Lcipations 238,902 2/22,105 —- 5,273 7,191 20 3,995 — 3,755 -— 11,825 —- 2,956 -- 1,918 -— 3,116 340 4,155 8,949 FEDERAL RESERVE AGENTS' ACCOUNTS 6,538,632 1770,589 2553,598 2098,334 1532,017 5292,727 1241,565 621,327 1125,823 808,891 2827,670 2,920,000 640,000 920,000 670,000 475,000 2000,000 430,000 200,000 300,000 290,000 1300,000 61,675 -- -- — — 18,295 — 110,854 4,000,000 1200,000 1750,000 1500,000 1100,000 3500,000 935,000 425,000 850,000 575,000 1700,000 6,920,000 1901,675 2670,000 2170,000 1575,000 5500,000 1383,295 625,000 1260,854 865,000 3000,000 of other Federal Reserve Banks. of other Federal Reserve Banks.
@FedFRASER