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H.4.1 BOAED OF GOVERitOkS For Immediate Release OF THE FEDERAL RESERVE SYSTEM March 19, 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 daily figures of member bank reserves for the week ended March 18 increased fl8 million to $18,439 million. Estimated required reserves increased $164 million; and estimated excess reserves decreased $146 million to $364 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $l6l million, compared with $193 million the week before. The principal changes supplying average reserves were increases of $151 million in Federal Reserve float and $105 million in Federal Reserve holdings of U. S. Government securities, and decreases of $21 million in foreign deposits with Federal Reserve Banks and $17 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $1?8 million in member bank borrowings and an increase of $72 million in money in circulation. Total Reserve Bank credit increased $72 million. As of bought outright securities held bank borrowings Wednesday, March 18, holdings of U. S. Government securities were $81 million higher than a week earlier, U. S, Government under repurchase agreement were $63 million higher, and member were $480 million higher. Averages of daily figures Member bank reserves, Reserve Bank credit, and related items Week ended Change from week ended Wednesday, March 18, March 11, March 19, March 18, 1959 1958 1959 1959 (In millions of dollars) Reserve Bank credit: U. S. Government securities-Bought outright—System account 25,419 -Special certificates Held under repurchase agreement 52 AcceptancesBought outright 34 Held under repurchase agreement Loans, discounts, and advances-Member bank borrowings 525 Other 19 1,000 Float Total Reserve Bank credit 27,0^ Gold stock 20,442 Treasury currency outstanding 5,244 + 88 + 17 - 1 - 2 -178 - 1 illi + 72 - 6 + 2 52,734 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) 31,287 727 437 290 340 4*214 34,295 Member bank reserves-Required reserves (estimated) Excess reserves (estimated) 18,439 w m 364 +1,989 50 + 32 25,419 6 33 + 400 + 18 + 27 +2,410 -2,099 + 66 + 377 967 19 993 27,509 20,442 5,245 537195 695 77 31,241 730 423 72 11 17 21 4 2 51 +18 rm -146 + + 180 33 28 64 Wf - 491 - 257 - 234 - - 78 269 345 1,218 34,226 18,970 18^206 764 On March 18, 1959, U. S. Government securities held in custody by the Federal Reserve Bank for foreign account were $4,001 million, an increase of $105 million for the week and an increase of $596 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) March 18, 1959 Change since March 19, March 11, 1958 ... 1??? ASS 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 2,483,771 25,419,262 78,000 25,497,262 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 26,516,033 15 6,675,446 94,796 138,214 54,162,721 +1,817,334 + 117 + 4,038 +2,402,703 27,022,250 21,081 18,929,891 923,732 19,853,623 455,952 428,642 985,750 332 32,689 3,001 788 -2,130,501 + 66,034 -2,064,457 35,080 - 61,427 + 754,910 142 5,736 80,700 80,700 + +_ 63,000 + I5377OO + 716,440 -1,296,379 +2,867,565 - 305,486 +1,982,140 + 78,000 +2,060,145 + +2,809,172 2,213 • 27,102 • 10,754 H 479,525 1 1,941 1,418,200 18,649,726 2,867,565 L I A B I L I T I E S Federal Reserve note¥ Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 18,969,826 422,843 268,839 344,653 876,886 + + 162,700 9,358 22,679 + 797,577 + 471,765 + + 1,914 322,689: 25,878' 5,682,916 26,847 52,738,174 32,778 35,589 + 2,238 + 876,313 +1,536,732 261 +2,391,703 374,108 868,410 182,029 54,162,721 + 24,423 1/+ 31,669 + 10,825 - 15,354 +2,402,703 + 797,577 20,006,161 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 + + 621,283 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents - + + + 65,858 280,795 6,179 10,458 7557539 175 42.2$ - .8$ - 5*2$ 60,305 - 1,400 - 66,967 Industrial loan commitments 360 — 669 1/ Net change after elimination of Sec, 13b surplus of $27,543,000 o n Sept. 2, 195q« MATURITY DISTRIBUTION OF LOANS AND SECURITIES. MARCH 18, 1959 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and 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 advances 979,762 5,890 98 U. S. Government Industrial securities Acceptances loans 231 14 38 49 11,185 21,504 332 32,689 180,900 1,108,300 18,856,726 3,881,179 206,495 1,263,662 985,750 25,497,262 H.4.l(b) Total ASSETS STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 18, 1959 St. Phila- CleveBoston New York delphia land IRichmond Atlanta Chicago Louis (In thousands of dollars) Minneapolis Kansas City Dallas San Francisco Gold certificate account 18,929,891 897,610 5,210,741 1050,778 1529,585 1023,400 926,339 3075,020 774,437 444,380 788,389 750,366 2458,846 Redemption fund for 44,039 22,842 43,047 29,470 83,805 193,180 58,388 85,977 80,082 55,823 170,627 923,732 56,452 F. R. notes Total gold certificate 19,853,623 954,062 5,403,921 1109,166 1615,562 1103,482 982,162 3245,647 818,476 467,222 831,436 779,836 2542,651 reserves F.R. notes of other Banks Other cash 455,952 428,642 28,573 34,476 117,592 72,468 20,211 24,832 32,317 42,345 53,865 26,338 82,666 30,896 74,896 9,803 27,738 11,855 11,536 5,991 13,698 20,214 15,275 41,969 Discounts and advances Industrial loans Acceptances— Bought outright S. Govt, securities: Sought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 985,750 332 49,581 327 204,074 30,563 34,152 46,876 49,960 398,053 9,827 5,139 5 77,107 19,068 61,350 55,552 57,854 29,835 60,533 760,797 392,334 796,026 730,529 116,979 60,325 122,396 112,325 101.323 52,251. 106.015 97,292 1036,953 534,745 1084,970 995,698 160,306 2108,072 324,135 280.753 2873,266 Total U. S. Govt, sees. 32,689 32,096 32,689 357,625 81,524 125,546 92,314 72,162 1,418,200 77,218 18,649,726 1015,440 4,702,864 1072,061 1650,967 1213,948 948,954 723,109 164,839 253,851 186,655 145,910 2,867,565 156,134 626.327 142,777 219,876 161,674 126.382 2,483,771 135,236 25,419,262 1384,028 6,409,925 1461,201 2250,240 1654,591 1293,408 247,731 3257,734 500,907 433.865 4440,237 78,000 25,497,262 1384,028 6,487,925 1461,201 2250,240 1654,591 1293,408 4440,237 1036,953 534,745 1084,970 995.698 2873.266 Total loans & securities 26,516,033 1433,936 6,724,688 1491,764 2284,392 1701,467 1343,368 4838,290 1046,780 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 539,889 1162,077 1014,766 2934,616 1 1 / 4 1 1 1 1 2 1 2 / 1 1 1 15 6,675,446 452,712 1,381,470 402,559 602,658 517,616 561,394 985,484 261,619 160,168 329,570 331,404 688,792 4,636 10,243 4,201 9,433 6,888 9,318 12,395 6,971 5,200 4,757 8,171 12,583 94,796 7,333 33,984 7,731 12,336 8.924 7,997 23,106 5,798 2,893 6,768 5,790 15,554 138,214 54,162,721 2915,729 13,744,370 3060,465 4599,044 3418,581 3019,002 9210,716 2177,186 1198,763 2354,298 2175,457 6289,110 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. 52,944 H.4.1(c) Total L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S.Treas.-gen.acc t. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 18,1959 St. Phila- CleveBoston New York land jRichmond Atlanta Chicago Louis delphia " (In thousands of dollars) Minneapolis Kansas City San Dallas Francisco 27,022,250 1563,403 6,294,726 1690,816 2487,444 2047,483 1445,752 5170,443 1198,797 600,702 1086,235 765,773 2670,676 18,969,826 827,084 5,492,577 872,884 1451,565 807,133 975,377 2871,277 657,162 395,557 870,153 1013,773 2735,284 8,572 65,166 21,254 19,014 49,255 24,364 20,693 16,647 118,187 22,269 28,365 29,057 422,843 9,657 6,264 10,179 13,572 29,232 17,226 23,490 13,050 12,267 38,628 14,355 1/80,919 268,839 1,765 480 694 265 1,274 1,174 3,836 2,673 1,196 40,597 513 "290,186 344,653 20,006,161 858,599 5,981,869 913,653 1504,594 053,076 997,901 2975,551 608,767 421,100 932,260 1052,905 2025,006 5,682,916 412,137 1,072,025 360,585 475,568 442,673 505,658 848,556 233,524 141,106 277,664 282,519 630,901 1,378 6,737 1,299 2,626 l,4o6 1,369 4,636 913 995 1,062 1,248 3,178 26,84? 52,738,174 2835,517 13,355,357 2966,353 4470,232 3344,638 2950,760 8999,186 2122,001 1163,903 2297,221 2102,445 6130,561 CAPITAL ACCOUNTS i^Bapital paid in ""Surplus •Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. 374,108 868,410 182,029 18,429 50,116 11,667 108,265 238,902 41,846 22,160 59,607 12,345 35,711 76,643 16,458 16,773 44,846 12,324 9,863 27,902 12,581 33,746 8,858 8,570 20,785 5,505 15,317 32,935 8,825 21,553 43,436 8,023 44,375 95,761 18,413 54,162,721 2915,729 13.744,370 3060,465 4599,044 3418,581 3019,002 9210,716 2177,186 1198,763 2354,298 2175,457 6289,110 60,305 360 3,311 2/16,961 3,973 5,4l8 20 3,010 2,830 8,910 2,227 1,445 2,348 340 3,130 6,742 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 28,166,551 1653,083 6,613,746 1762,225 2561,540 2138,559 Collat. for F. R. notes: Gold certificate acct. 10,855,000 580,000 2,920,000 640,000 920,000 700,000 114,898 29,355 -— Eligible paper U. S. Govt, securities 18,685,000 1150,000 4,000,000 1200,000 1750,000 1500,000 Total collateral 29,654,898 1730,000 6,920,000 1869,355 2670,000 2200,000 920,000 participations of other Federal Reserve Banks, l/ After deducting $187, 2/ After deducting $43,344,000 participations of other Federal Reserve Banks. 18,905 51,469 39,474 132,159 1508,944 5301,032 1245,559 615,202 1117,405 819,875 2829,381 475,000 2100,000 430,000 200,000 300,000 290,000 1300,000 -- — 9,150 — 76,393 1100,000 3500,000 935,000 425,000 850,000 575,000 1700,000 1575,000 5600,000 1374,150 625,000 1226,393 865,000 3000,000
@FedFRASER