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BOARD C& i^VfikwORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release March 20, 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 daily figures of member "bank reserves for the week ending March 19 increased $231 million to $18,930 million. Estimated required reserves increased $232 million; and estimated excess reserves decreased $1 million to $607 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $482 million, compared with $477 million the week before. The principal changes supplying average reserves were increases of $157 million in Federal Reserve float and $34 million in Federal Reserve holdings of U. S. Government securities which reflected average holdings of $50 million in certificates of indebtedness~-special series, and decreases of $222 million in Treasury deposits with Federal Reserve Banks and $49 million in money in circulation. The principal offsetting changes were a decrease of $74 million in gold stock, and increases of $92 million in Treasury cash holdings and $75 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit increased $182 million. As of bought outright securities held borrowings were Wednesday, March 19, holdings of U. S. Government securities were $22 million lower than a week earlier, U. S. Government under repurchase agreement were $77 million lower, and member bank $4 million higher. Member bank reserves, Reserve Bank credit, and related items Averages of dally figures Change from week ending For week ending March 19, 1958 March 12, 1958IMarch 20, 1957 (In millions of dollars) Reserve Bank credit; U. S. Government securities->• Bought outright—System account Special certificates 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 23,430 50 20 40 125 1 973 24,638 22,541 5,178 52,357 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) 30,592 804 257 257 368 1,150 33,426 Member bank reserves-Required reserves (estimated) Excess reserves (estimated) 18,930 18,323 607 2 + 366 + 50 - 14 - 3 + 50 - 94 + l6 - -632 - 6 - 74 + 4 - 25 -200 -520 +236 + 98 - 49 + 92 + - + 75 + 2 - 43 +169 +12 +157 +182 +112 -222 - 16 +231 +232 1 3 7 - 45 -274 -255 - 19 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 22,513 Treasury cash holdings 821 Treasury currency outstanding 5,179 Member bank) - Required (est.) 18,530 Money in circulation 30,521 reserves ) - Excess (est,) 442 On March 19, 1958, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,405 million, a decrease of $91 Digitizedmillion for FRASERfor the week and a decrease of $330 million from the comparable date a http://fraser.stlouisfed.org/ year ago. Federal Reserve Bank of St. Louis H,4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since March 20, March 12, 1958 1957 March 19, 1958 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 outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 23,437,122 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 23,706,861 15 6,512,926 85,438 160,893 53,365,324 +1,780,334 + 446 + 3,898 +1,576,871 + + + + 407,950 7 15,064 9,793 28,024 60,886 26,550,485 + 1,475 + 118,997 18,971,740 100,154 242,961 410,511 19,725,366 5,689,095 16,569 51,981,515 + + 159,734 346,246 37,981 107,693 21,060,392 857,698 21,918,090 491,032 490,069 230,840 474 38,425 701,760 19,946,105 + + 100,002 3,141 103,143 5,870 405 3,864 37 4,176 - 21,550 --- 2,789,257 23,437,122 -- 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 -- - 21,550 77,300 98,850 - 99,199 -- + + + 295,998 3,302 299,300 76,612 40,050 661,899 309 15,253 + - - + + 320,805 +8;,583,906 -8,571,413 12,493 + 320,805 81,800 + 239,005 - + 128,102 - 116,800 +1,680,510 + + +1,564,667 + 644,616 57,127 222,419 351,222 241,107 1,312 77575 349,685 195 + + 61,605 27,543 197,383 53,365,324 + 12,009 +1,576,871 518 809,198 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments __ 19,055 27,344 TOM 47.4$ 127,272 1,029 + 2,484 35 69,035 957 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 19, 1958 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advances 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 228,016 2,796 28 230,840 Industrial Acceptances loans 11,417 127 27,008 156 86 105 %7% 38,425 U. S. Government securities 55,200 646,560 20,285,201 1,035,304 56,610 1,358,247 23,437,122 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 19, 1958 St. ClevePhilaRichmond Atlanta Chicago Boston New York Louis delphia land (In thousands of dollars) H.4.1(b) Total A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 21,060,392 953,524 857,698 54,942 6,190,651 1109,905 1827,919 1265,592 177,547 59,074 77,750 77,341 779,005 3776,692 48,027 155,082 Minneapolis Kansas City Dallas 826,635 401,009 853,157 723,874 2352,429 42,803 21,966 41,126 28,122 San Francisco 73,918 21,918,090 1008,466 6,368,198 1168,979 1905,669 1342,933 827,032 3931,774 869,438 422,975 894,283 751,996 2426,347 F.R. notes of other Banks Other cash 491,032 490,069 23,909 32,278 130,833 111,663 32,170 30,453 47,849 42,846 38,775 32,330 73,994 32,559 38,175 79,689 11,974 27,256 18,312 Discounts and advances Industrial loans Acceptances— Bought outright £L S. Govt, securities; Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 230,840 474 9,305 327 23,450 3,700 127 5,575 4,500 25,450 133,348 700 701,760 38,278 19,946,105 1087,980 175,497 40,964 61,641 44,837 36,350 122,492 4,988,142 1164,314 1752,026 1274,417 1033,148 3481,613 2,789,257 152.143 23,437,122 1278,401 Total U. S. Govt, sees. 23.437.122 1278.401 Total loans & securities 23,706,861 1288,033 5,923,054 1371,922 2064,245 1501,968 1239,423 4224,321 969,942 509,240 1026,441 919,377 2668,895 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 6,512,926 85,438 160,893 33,122 19,029 36,584 58,246 3,447 20 20,215 900 250 29,021 824,871 15,144 430,437 30,129 856,346 27,501 79,906 781,668 2271,143 697,540 162,817 245,003 178.214 144.475 144,475 486,868 5,861,179 1368,095 2058,670 1497,468 1213,973 4090,973 115,350 969,242 60,192 119,751 505,773 1006,226 109,308 317,596 918,477 2668,645 5.861.179 1368.095 2058.670 1497.468 1213.973 4090.973 969,242 505,773 1006.226 918,477 2668,645 1 462,316 4,941 8.451 1 / 4 1,399,981 10,669 41.020 1 495,594 4,469 9,014 1 589,165 9,740 13.805 1 492,563 6,944 9.944 1 505,237 7,198 8.227 2 969,820 7,058 28,821 1 268,182 6,415 6.322 2 / 147,711 5,301 3.399 1 306,163 4,935 7,129 1 268,470 6,529 7.050 1 607,724 11,239 17.711 53,365,324 2828,395 13,985,422 3112,602 4673,320 3425,458 2693,671 9279,660 2159,530 1116,410 2258,535 2005,574 5826,747 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Lees than $500. 9,472 38,425 38,425 15 5,335 14,248 1 1 H.4.1(c) Total Boston OF COHDIT]CON OF EACH FEDERAL RESERVE BANK ON MARCH 19, 195S PhilaCleveSt. New York Richmond Atlanta Chicago delphia land Louis Minneapolis 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. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 26,550,485 1564,528 6,306,995 1662,987 2512,246 2083,660 1242,648 5159,4o8 1182,407 18,971,740 781,480 5,499,803 886,445 1487,729 846,253 100,154 573 91,888 341 515 588 13,452 1/73,513 16,284 21,004 12,036 242,961 410,511 551 "355,481 10,455 1,357 3,532 19,725,366 796,056 6,020,685 913,525 1510,605 062,409 5,689,095 386,599 1,273,702 440,284 525,214 404,959 519,302 1049,027 712,990 2554,287 933,491 3066,569 678,416 417,960 682,380 964,601 2526,613 558 528 525 1,954 577 514 1,593 10,620 33,748 8,732 5,664 9,204 12,272 26,432 2,117 855 757 594 1,353 1,329 32,130 946,706 3101,700 688,430 426,172 893,514 978,716 2586,768 438,559 814,645 234,688 136,066 260,276 242,309 531,794 610 536 1,000 1,750 902 4,020 779 2,057 846 793 2,767 509 16,569 2748,085 13,605,402 3017,575 4550,122 3351,874 2628,786 9078,520 2106,034 1082,150 2203,353 1935,015 5674,599 51,981,515 CAPITAL ACCOUNTS Capital paid in Surplus ^Section 7) Surplus Section 13b) >ther capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS lontiog. liab. on acceptances purchased for foreign correspondents R. notes outstanding lollat for F. R. notes: Gold certificate acct. Eligible paper U. S. Govt, securities Total collateral r*After deducting 349,685 809,198 27,543 197,383 17,821 47,013 3,011 12,465 102,933 223,963 7,319 45,805 21,405 55,923 4,489 13,210 32,956 71,550 1,006 17,686 17,109 47,755 36,192 121,504 762 1,429 10,822 30,452 11,790 31,586 521 9,599 7,548 19,697 1,073 5,942 14,150 30,533 1,137 9,362 19,707 40,871 1,307 8,674 40,627 89,130 2,140 20,251 53,365,324 2828,395 13,985,422 3112,602 4673,320 3425,458 2693,671 9279,660 2159,530 1116,410 2258,535 2005,574 5826,747 127,272 7,256 2/35,871 8,784 11,330 6,492 5,728 18,204 4,710 3,055 4,965 FEDERAL RESERVE AGENTS* ACCOUNTS 27,668,793 1650,204 6,650,612 1742,747 2611,340 2162,563 1303,603 5270,208 1224,142 536,383 1075,140 6,619 14,258 756,862 2684,989 12,193,000 700,000 3,270,000 640,000 1130,000 875,000 425,000 2500,000 430,000 i4o,ooo 300,000 283,000 1500,000 ww —— 3)Too ** * •• —— 700 "* *• 20,2x5 •• 24,615 17,145,000 1150,000 3,600,000 1200,000 1600,000 1350,000 1000,000 3100,000 875,000 425,000 820,000 525,000 1500,000 29,362,615 1850,000 6,870,000 1843,700 2730,000 2225,000 1425,000 5600,000 1305,700 565,000 1140,215 808,000 3000,000 $91,401,000 participations of other Federal Reserve Banks. 15,884 41,236 3,349 13,115
@FedFRASER