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a.4.i BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release May 1, 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 April 30 decreased $405 million to $18,24-9 million. Estimated required reserves decreased $347 million; and estimated excess reserves decreased $58 million to $657 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $532 million, compared with $603 million the week before. The principal changes reducing average reserves were decreases of $213 million in Federal Reserve float, $86 million in Federal Reserve holdings of U, S. Government securities, and $57 million in gold stock, and an increase of $184 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $99 million in money in circulation and $51 million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $288 million. As of Wednesday, April 30, holdings of U. S. Government securities bought outright were $23 million lower than a week earlier and member bank borrowings were $86 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 Loans, discounts, and advances— Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Averages of daily figures Change from week ending For week ending April 23, 19581 May 1, 1957 April 30, 1958 (In millions of dollars) 23,612 14 38 - 92 + 6 - 1 + + + 443 14 13 125 + 13 777 24,566 22,024 5,194 51,785 -213 -288 - 57 + - 579 27 391 527 294 100 719 + 19 60 182 117 106 97 31 * 4- 1 -3^3 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) 30,518 733 601 235 397 1,051 33,535 - 99 + 12 +184 - 7 + 21 - 51 + 61 + + + Member bank reserves-Required reserves (estimated) Excess reserves (estimated) * Less than $500,000. 18,249 17,592 657 -405 -347 - 58 - 751 -1,029 + 278 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 21,996 Treasury cash holdings ^45 Treasury currency outstanding 5,197 Member bank) - Required (est.) 17,621 Money in circulation 30,555 reserves ) - Excess (est.) 533 On April 30, 1958, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,068 million, a decrease of $84 million for the week and a decrease of $619 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) Change since May 1, April 23, 1957 1958 April 30, 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 20,563,392 845,331 21,408,723 441,098 418,116 155,939 503 37,416 945,710 19,946,105 2,789,257 23,681,072 + 23,874,930 15 4,839,288 86,568 245,975 51,314,713 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 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - + + - + 216,001 10,103 226,104 42,876 25,167 939,551 271 13,681 22,900 - 22,900 + 511,605 +8,583,906 -8,571,413 12,493 + 511,605 22,900 + 511,605 - 109,019 - - 82,626 + + - 145 13,546 281,442 + + - 414,536 7 372,085 10,030 105,962 828,697 228 + 47,468 26,374,600 18,253,947 594,134 256,792 411,218 19,516,091 4,041,975 18,453 49,951,119 - - 23,681,072 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 50,000 2,276 52,276 35,495 15,717 86,116 9 12 + + + - 301,521 131,868 29,369 16,036 i24;24ti - 244,639 - 119,285 1,078 104 350,377 809,198 27,543 176,476 51,314,713 - 36,707 281,442 46.7% + • X70 131,461 998 + 1,646 9 - 868,670 + + - 4,374 54,646 117,910 809,780 153,943 552 915,703 + + 18,863 61,605 + 6,538 - 828,697 + + 67,325 800 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. APRIL 30. 1958 (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 153,410 2,515 14 155,939 U. S. Government Industrial securities Acceptances loans 262,350 10,530 W 683,360 26,886 177 20,285,201 81 1,035,304 100 56,610 1,358,247 23,681,072 37,416 503 H.4.1(b) Total A S S E T S Gold certificate account Redemption fund for F. R- notes Total gold certificate reserves STATEMENT OF COKDIT][ON OF EACH FEDERAL RESERVE BANK ON APRIL 30, 1958 St. PhilaBoston New York IRichmond Atlanta Chicago Louis delphia "1^!* land | (In thousands of dollars) 20,563,392 986,582 845,331 54,335 21,408,723 1040,917 5,708,594 1105,012 1733,644 1147,337 174,582 58,022 76,743 73,759 5,883,176 1163,034 1810,387 1221,096 Minneapolis Kansas City Dallas 820,749 425,658 841,372 746,647 2458,873 153,987 42,490 21,812 40,878 862,171 3928,232 863,239 814,679 3774,245 47,492 447,470 882,250 27,931 San Francisco 73,300 774,578 2532,173 F.R. notes of other Banks Other cash 441,098 418,116 25,352 31,544 116,927 81,892 28,408 31,335 45,466 29,905 24,127 66,196 30,433 32,015 63,045 8,890 20,752 18,483 10,019 4,944 13,164 30,748 18,132 30,837 55,990 Discounts and advances Industrial loans "Acceptance s — jBought -outright Us S. Govt, securities: -Boug&fc outright— "Bills Certificates Notes Bonds Total Held under repurchase agreement 155,939 503 18,085 20,350 14,550 157 5,785 12,865 -- 19,600 20,941 6,100 6,950 19 17,888 9,500 3,325 37)^16 -- -- -- 327 37,416 51,493 945,710 19,946,105 1086,025 2,789,257 40,610 »«• 48,120 165,197 238,478 54,363 83,719 61,558 5,029,769 1146,582 1765,729 1298,332 1014,918 3484,186 151,869 703,361 23,681,072 1289,387 5,971,608 — — — — 38,580 19,895 40,365 813,681 419,606 851,360 58,678 119,054 160,338 246,919 181,558 141,926 487,227 113,785 1361,283 2096,367 1541,448 1204,964 4136,610 966,046 498,179 1010,779 37,044 106,898 2254,608 781,309 109,258 315,284 927,611 2676,790 Total U. S. Govt, sees. 23,681,072 1289,387 5,971,608 1361,283 2096,367 1541,448 1204,964 4136,610 966,046 498,179 1010,779 Total loans & securities 23,874,930 1307,799 6,029,374 1375,990 2102,152 1554,313 1224,564 4157,551 972,146 505,148 1028,667 937,111 2680,115 1 2 422,314 781,997 7,657 7,404 12,551 44,590 1 189,999 6,519 9,819 2 / 1 120,778 237,251 5,354 4,918 5,104 10,841 1 252,141 6,775 10,346 1 447,889 11,369 27,299 "Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 1 15 4,839,288 343,247 4,872 86,568 13,297 245,975 1 / 4 904,197 10,633 60,$44 1 316,581 4,424 13,889 1 439,258 9,783 21,913 51,314,713 2767,029 13,086,747 2933,662 4469,570 3235,720 1/ After deducting $11,000 participations of other Federal Reserve Banks 7 2/ Less than $500. 1 383,636 6,860 15,782 2625,887 9014,836 2071,365 1112,356 2182,036 927,611 2676,790 2029,832 5785,673 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, acctForeign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 30, 1958 Cleve- Richmond Atlanta Chicago St. PhilaNew York Boston Louis land delphia (In thousands of dollars) Minneapolis Kansas City Dallas San Francisco 26,374,600 1557,353 6,274,452 1651,885 2479,804 2052,984 1231,559 5112,903 1176,190 534,031 1046,020 709,350 2548,069 18,253,947 764,846 5,247,077 858,531 1432,479 741,838 896,372 2909,596 643,917 397,921 822,912 964,848 2573,610 34,880 74,531 35,416 34,736 40,525 48,020 87,386 36,117 35,502 594,134 56,948 51,075 58,998 14,364 1/75,856 17,388 22,428 12,852 11,340 36,036 9,324 6,048 256,792 9,828 13,104 28,224 411,218 530 355,074 11,545 1,057 3,241 1,253 597 1,716 346 558 1,600 33.701 19,516,091 "814,620 5,752,538 922,880 1490,700 798,456" 956,985 3033,615 691,074 439,817 890,246 1030,627 2694,533 4,041,975 314,746 680,507 264,165 375,045 310,981 372,546 667,660 150,855 103,995 190,822 219,284 391,369 18,453 1,077 4,46l 886 2,515 773 962 3,c6l 626 684 655 760 1.993 49,951,119 2687,796 12,711,958 2839,816 4348,064 3163,194 2562,052 8817,239 2018,745 1078,527 2127,743 1960,021 5635,964 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. F. R. notes outstanding Collat. for F. B. notes: Gold certificate acct. Eligible paper U. S. Govt, securities Total collateral 2/ After deducting 350,377 809,198 27,543 176,476 17,840 47,013 3,011 11,369 102,974 223,963 7,319 40,533 21,463 55,923 4,489 11,971 33,066 71,550 1,006 15,884 15,968 41,236 3,349 11,973 17,214 47,913 36,192 121,504 762 1,429 9.667 26.751 11,799 31,586 521 8.714 7,572 19,697 1,073 5.487 14,171 30,533 1,137 8.452 19,746 40,871 1,307 7.887 40,651 89,130 2,l4o 17.788 51,314,713 2767,029 13,086,747 2933,662 4469,570 3235,720 2625,887 9014,836 2071.365 1112.356 2182.036 2029.832 5785.673 131,461 7,495 2/37,044 9,073 11,703 6,706 5,918 18,805 4,866 3,156 5,129 6,838 14,728 FEDERAL RESERVE AGENTS' ACCOUNTS 1636,918 6,581,002 1721,637 2583,596 2121,128 1297,649 5208,355 1221,492 549,610 1072,869 754,026 2684,305 27,432,587 12,058,000 700,000 3,270,000 640,000 1130,000 825,000 425,000 2400,000 430,000 155,000 300,000 283,000 1500,000 —— —— 14,550 — *•— —— —— 6,100 '— 17,888 —— —— 38,538 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 17,145,000 29,241,538 1850,000 6,070,000 1054,550 2730,000 2175,000 1425,000 5500,000 1311,100 580,000 1137,888 808,000 3000,000 r r of other Federal Reserve Banks, $94,417,000 participations of other Federal Reserve Banks.
@FedFRASER