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H.4.I BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release March 7, 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 bank reserves for the week ending March 6 increased $38 million to $18,721 million, Estimated required reserves increased $35 million; and estimated excess reserves increased $3 million to $428 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $302 million, compared with $263 million the week before. The principal changes supplying average reserves were increases of $59 million in Federal Reserve holdings of U. S. Government securities, and $42 million in member bank borrowings, and a decrease of $170 million in "other" deposits with Federal Reserve Banks. The principal offsetting changes were increases of $182 million in Treasury deposits with Federal Reserve Banks and $22 million in money in circulation, and a decrease of $38 million in Federal Reserve float. Total Reserve Bank credit increased $58 million. As of Wednesday, March 6, holdings of U. S. Government securities bought outright were $48 million higher than a week earlier and member bank borrowings were $346 million higher. Member bank reserves, Reserve Bank credit, and related items Averages of daily figures Change from week ending For week ending Feb. 27, 19571 Mar. 7, 1956 Mar. 6, 1957 Lllions of dollars) (In mj Reserve Bank credit: U. S. Government securities— Bought outright—System account 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 22,895 18 24 + 41 + 18 - 4 -531 - 74 + 9 730 26 1,179 24,871 y 22,304 5,077 i 52,251 + 42 - 19 + 25 +344 -247 / 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) v Member bank reserves— Required reserves (estimated) Excess reserves (estimated) . Jim — — - 38 +18 + 1 + 4 + 62 30,566 81V-5 479 329 212 1,131 33,530 + 22 - 1 +182 - 5 -170 - 3 + 25 18,721 18,293 428 + 38 + 35 + 3 +609 + 66 +427 +364 + 31 + 18 - 31 -115 +108 +375 + 51 +156 -105 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: o Gold stock y 22,304 Treasury cash holdings y 8lfT Treasury currency outstanding 5,077 Member bank) - Required (est.) 18,246 Money in circulation ® 3 0 , r e s e r v e s ) - Excess (est.) 299 itf On March 6, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,663 million, a decrease of $55 million for the week and a decrease of $153 million from the comparable http://fraser.stlouisfed.org/ date a year ago. Federal Reserve Bank of St. Louis 8.4.1(a) STATEMENT OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Mar. 7, Feb. 27, 1956 Mar. 6, 1957 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 - 165,755 11,362,199 8,571,413 2,801,750 22,901,117 + 47,500 22,901,117 + 47,500 - 23,721,855 22 4,576,876 74,814 120,316 51,028,860 + 390,739 - 858,600 21,622,991 446,892 465,094 797,027 800 22,911 • - + - -- -- 525,445 90,700 616,145 462,077 — • 745,221 20 - 14,942 367,552 + 463,640 11,666 18,751 781,635 17,659 + 495,710 70,877 105,999 18,915 12,151 66,188 462,936 829 378,260 + 26,430 - 45,735 36,900 136,821 193,026 377,486 1,035 681,205 - + 26,540,142 + 18,544,537 406,225 319,506 210,465 19,480,733 3,682,362 16,702 49,719,939 - 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 330,284 747,593 27,543 203,501 51,028,860 + + + + - + - + + - - + + 125 + + 21,197 53,981 10,583 367,552 + + 781,635 .1% + 1.0# 212 1 + 18,806 464 + --•* + - & - °i - trv CM + 47.056 57,952 1.971 - — 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 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 598,038 10,364 608,402 135,454 43,301 146,553 106 7,409 372,445 +5 ,441,500 -5,594,500 47,500 — Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS + + + + + + + + 1 3,300 3; 301 19,998 4,693 345,711 2 2,470 20,764,391 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. MARCH 6, 1957 (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 767,108 4,919 25,000 797,027 Industrial loans 36 430 104 Acceptances 8,334 14,577 230 Boo 22,911 U. S. Government securities 36,100 129,655 19,933,612 373,279 1,013,614 1,414,857 22,901,117 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 6, 1957 St. Phila- Cleve- (RichmondIAtlanta Chicago New York Boston Louis land delphia (In thousands of dollars) E.4.l(b) Total Minneapolis Kansas City San Francisco Dallas A S S E T S Gold certificate account -Redemption fund for F. R. notes Total gold certificate reserves 20,764,391 927,607 858,600 56,152 21,622,991 983,759 6,015,526 1034,345 1886,675 1 3 6 1 , 0 3 1 784,182 3645,495 854,637 312,015 808,31$ 647,394 2487,168 180,091 61,629 76,494 66,324 6 , 1 9 5 , 6 1 7 1095,974 1963,169 1427,355 154.560 43,394 22,819 41,290 834,639 3800,055 898,031 334,834 849,606 50,457 25,898 79,492 673,292 2566,660 F.R. notes of other Banks Other cash #6,892 465,094 26,016 29,711 26,972 39,852 48,053 31,745 23,048 100,259 32,228 40,265 68,538 7,623 21,445 12,358 6,561 36,346 84,177 115,845 11,253 12,641 36,374 17,425 31,951 51,300 Discounts and advances industrial loans Acceptances— Bought outright IU S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 797,027 65,006 116,575 80,040 426 46,702 -- 28,635 —— 47,687 276,680 8,575 44,050 39 45,677 13,800 23,600 9,111 165,755 11,362,199 624,535 8,571,413 471,136 * 001 2,801,750 22,901,117 1258/783 41,717 9,960 2,859,615 6 8 2 , 7 6 6 2,157,236 515,065 705.139 168,360 5,763,^707 1376! 151 14,336 982,751 741,367 242,332 I960,'786 10,206 699,559 527,733 172,501 1409^999 6,588 18,549 Total U. S. Govt. sees. 22,901,117 1258,783 5,763,707 1376.151 1980,786 1409,999 1177,553 3995,604 956,122 Total loans & securities 23,721,855 1324,124 5,903,193 1456,617 2027,488 1438,634 1225,240 4272,284 » Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 800 335 22,911 22,911 22 4,576,876 74,814 120,316 1 343,004 5,316 6,415 1/ 6 8237595 9,526 28.756 2 287,680 4,737 6.836 2 421,936 7,883 10.790 7,236 1 3 375,802 737,493 5,235 5,844 6.104 22,836 517,267 4.806 1 124,238 4,957 2,658 910,182 2562,658 992,305 910,182 2562,658 964,697 561,356 1037,982 1 186,565 4,637 451,579 1271,441 340,662 959,150 111,353 313*518 1 249,288 4,496 4,.257- 923,982 2586,258 1 223,836 4,276 5,459 2 467,992 10,649 13,463 51,028,860 2724,981 13,160,715 2908,529 4519,173 3270,724 2579,508 8947,318 2087,805 1051,655 2165,532 1884,645 5728,275 l/ After deducting $16,000 participations of other Federal Reserve Batiks. 1 335,44? 7,258 7,182 6,920 3,743 8,524 28,919 492,324 256,638 474,372 584,233 1982,386 440,733 1495,472 357,857 193,603 371,399 144.063 488,827 116.973 63,283—121,400. 1177,*553 3995,604 956,"122 517,267 992,305 E. 4.1(c) Total LI 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 MARCH 6, 1957 St. Phila-j Cleve- Richmond Atlanta Chicago New York Boston Louis delphla| land. (in thousands of dollars) 26,540,142 1563,384 6,211,565 1687,344 2523,493 2098,595 1300,517 5116,982 ll80,08l 18,544,537 406,225 319,506 210,465 197550,733 768,212 501 18,212 555 787,480 5,386,705 398,182 1 / 93,715 -129:926 6,008,528 3,682,362 296,583 577,521 Minneapolis Kansas City 482,038 1053,768 Dallas San Francisco 680,166 2642,209 884,425 1487,931 297 508 21.980 28,260 9:750 1,717 916,452 I5l6,4l6 7 9 8 , 2 0 6 9 1 3 , 6 0 1 2996,740 678,126 419,515 831,949 924,196 2454,931 588 548 521 589 2,015 515 587 1,374 16,014 14,130 44,588 11,618 7,536 11,932 16,328 35,193 5,198 3,500 1,216 9,586 497 7,575 3,019 37,926 520,006 931,779 3 0 4 3 , 0 6 5 6 9 9 , 9 1 9 4 2 9 , 5 6 3 8 5 1 , 9 7 1 9 4 4 , 1 3 0 2 5 2 9 , 4 2 4 212,315 282,085 193,626 410,906 812 5 092 747 1,976 735 737 3,037 48l 665 499 556 16,702 25557259~12JB02t705~2BI^858 4401,990 3201,421 2 5 1 8 , 5 7 6 8758,837 2036,879 1 0 1 8 , 6 1 1 2113,420 1818,47» 59,719,939 1,365 5583,904 358,105 285,543 595,753 156,398 106,345 207,182 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS liab. on accept ances purchased for foreign correspondents Industrial loan commit. 18,375 37,508 1,307 8,977 39,314 82,413 2,140 20,504 s i . 0 2 8 . 8 6 0 2724.981 13.i6q.715 2908.529 4519.173 3270.724 2579,508 8947,318 2087,805 1051,655 2165,532 1884,645 57gM75_ 330,284 747,593 27,543 203,501 57,952 17,098 43,948 3,011 12,665 3,352 F. R. notes outstanding 27,695,199 1633,213 Collat. for F. R. notes: Gold certificate acct. 11,868,000 580 000 I. Eligible paper 114,667 1150,000 U. S. Govt, securities 17,090,000 Total collateral 29,072,667 1730,000 1/ After deducting $225,766,000 participations 2/ After deducting $41,558,000 participations 95,012 208,002 7,319 47,676 2/ 16,394 20,947 52,301 4,489 13,934 31,794 66,393 1,006 17,990 15,098 37,594 3,349 13,262 15,877 33,179 762 11,114 44,968 110,421 1,429 31,663 11,285 29,331 521 9,789 7,250 18,520 1,073 6,201 13,266 27,983 1,137 9,726 4,046 FEDERAL RESERVE AGENTS ACCOUNTS 6 , 5 1 0 , 0 1 5 1814,466 2603,617 2178,387 1364,051 5231,278 1 2 2 1 , 5 6 8 5 4 2 , 2 3 4 1078,091 3 , 1 7 0 , 0 0 0 6 4 0 , 0 0 0 1130,000 915,000 4 5 0 , 0 0 0 2300,000 450,000 — 62,290 -— — — 7,650 3 , 6 0 0 , 0 0 0 1200,000 1550,000 1310,000 1000,000 3ioo,ooo 875,000 6 , 7 7 0 , 0 0 0 1902,290 2680,000 2225,000 1450,000 5400,000 1332,650 of other Federal Reserve Banks. of other Federal Reserve Banks. 1 5 0 , 0 0 0 300,000 — 44,727 460,000 820,000 6 1 0 , 0 0 0 1164,727 739,811 2778,468 283,000 1500,000 525,000 808,000 1500,000 3000,000
@FedFRASER