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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release May 29, 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 May 28 decreased $54 million to $18,194 million. Estimated required reserves decreased $27 million; and estimated excess reserves decreased $27 million to $621 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $502 million, compared with $544 million the week before. The principal changes reducing average reserves were decreases of $214 million in Federal Reserve float and $118 million in gold stock. The principal offsetting changes were an increase of $177 million in U. S. Government securities bought outright, and decreases of $33 million in foreign deposits with Federal Reserve Banks and $22 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $22 million. As of Wednesday, May 28, holdings of U. S. Government securities bought outright were $122 million higher than a week earlier and member bank borrowings were $86 million higher. Member bank reserves, Reserve Bank crcdit, 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 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) Member bank reserves-Required reserves (estimated) Excess reserves (estimated) ~ Less than $500,000. Averages of daily figures For week ending Change from week ending May 28, 1958 May 21, 1958 1 May 29, 1957 (In millions of dollars) 24,053 +177 - - — 42 119 + 1 + 15 +1,152 29 + 22 780 24,994 21,661 5,201 51,856 -214 - 22 -118 + 1 -139 + + - 764 21 199 161 745 99 485 30,813 722 437 276 391 1,023 33,662 + - 9 10 22 33 10 20 65 + + - 153 72 125 82 112 50 63 18,194 17,573 621 - 54 - 27 - 27 + 422 691 269 * - — — 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 21,643 Treasury cash holdings 715 Treasury currency outstanding 5*201 Member bank) - Required (est.) 17,601 Money in circulation 30,962 reserves ) - Excess (est.) 435 On May 28, 1958, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $ 3 , 0 3 8 million, a decrease of $30 million for the week and a decrease of $576 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 21, May 29> 1957 1958 May 28, 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 Accep tances--bought outright U, S. Government securities: Bought outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,223,389 831,263 21,054,652 331,713 337,398 172,173 463 40,759 1,329,360 19,946,105 + + + 20 1,000 + + 121,500 2,789,257 24,064,722 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 100,004 2,242 102,246 47,129 27,740 86,367 866,003 11,399 877,402 16,120 4,472 791,568 285 20,040 121,500 +1,114,597 +8,583,906 -8,571,413 12,493 +1,114,597 63,200 24,064,722 + 121,500 +1,051,397 24,278,117 15 4,388,839 87,341 304,977 50,783,052 + 208,847 + + + - 612,397 49 15,083 565,533 + + - 279,584 7 369,076 9,148 114,546 822,615 L I A B I L I T I E S Federal Reserve notel? ~ Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 26,555,738 + 119,147 + 83,225 18,035,669 382,476 276,986 400,406 19,095,537 3,744,682 20,931 l>9,lii6,888 + 97,353 52,127 34,211 14,435 + 649,062 104,797 86,977 117,674 + - 481,618 263 531,464 C A P I T A L A C C O U N T S Capital paid~in ~ Surplus (Section 7) Surplus (Section ljb) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 351,098 809,198 27,543 178,325 50,783,052 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - 169,256 - - 723,162 - 229,008 + 506 -868,439 173 + + 18,987 61,605 34,242 965,533 - 34^768 822,615 46.1$ .2# 120,300 5,419 19 1,036 1.: 60,48l 784 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. MAY 28, 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 167,041 5,125 7 172,173 Industrial loans Acceptances 144 15,890 24,869 147 77 95 m 50/759 U. S. Government securities 257,910 .7,652,997 13,725,344 1,013,614 56,610 1,358,247 24,064,722 H.4.l(b) Total A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON M Y 28. 1958 ClevePhilaSt. Boston New York Richmond Atlanta, Chicago delphia Louis land (In thousands of dollars) 20,223,389 1001,338 831,263 5,661,724 1099,782 1661,977 1151,004 53.833 21,054,652 1055,171 172.467 57.220 75.971 71,264 5,834,191 1157,002 1737,948 1222,268 Minneapolis Kansas City Dallas 797,521 424,130 767,804 652,176 2471,589 148.162 42.234 21.690 40.696 841,815 3887,813 839,755 445,820 808,500 794,693 3739,651 47.122 27.789 San Francisco 72.81S 679,965 2544,404 21,192 34,504 35,733 16,809 19,609 54,041 28,355 24,956 48,013 9,614 16,883 14,166 8,911 6,052 10,126 23,301 16,354 25,361 43,887 13,160 118 6,065 23,145 13,391 26,698 7,810 6,740 18,639 1,050 1,250 1,329,360 72,382 19,946,105 1086,025 335,223 76,416 117,681 86,531 67,641 232,213 5,029,769 1146,582 1765,729 1298,332 1014,918 3484,186 54,230 813,681 27,966 419,606 56,741 851,360 52,072 150,264 781,309 2254,608 2,789,257 151,869 24,064,722 1310,276 703,361 160,338 246,919 181,558 141,926 487,227 Z m T Ursi -tool, hCc 6,068,353 1383,336 2130,329 1566,421 1224,485 4203,626 113,785 T 981,696 58,678 119,054 506,250 1027,155 109,258 315,284 r/ 942,639 2720,156 Total U. S^ Govt, sees. 24,064,722 1310,276 6,068,353 1383,336 2130,329 1566,421 1224,485 4203,626 981,696 506,250 1027,155 942,639 2720,156 Total loans & securities 24,278,117 1329,428 6,144,512 1396,614 2136,394 1589,566 1237,876 4230,324 989,506 513,008 1045,794 943,689 2721,406 1 176,951 6,371 12,263 2 / 117,"525 5,28l 6,311 1 223,080 6,791 12,835 F.R. notes of other Banks Other cash 331,713 337,398 17,170 24,231 84,547 62,927 Discounts and advances Industrial loans Acceptances-Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 172,173 463 18,825 327 35,400 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 1 320,423 4,837 16,417 1 / 4 814,644 10,684 75,151 1 288,538 4,402 17,169 1 402,713 9,839 27,069 1 332,109 6,817 19,767 1 359,716 8,012 15,499 2 726,445 7,936 55,261 1 210,780 4,904 13,291 1 416,015 11,467 33,944 50,783,052 2767,678 13,026,660 2907,287 4384,201 3206,946 2545,315 8980,750 2051,344 1110,922 2099,448 1906,016 5796,485 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. 18 40,759 40,759 15 4,388,839 87,341 304,977 22,369 Total Boston New York Philadelphia 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 26,555,738 1572,720 Cleve- Richmond Atlanta Chicago land (In thousands of dollars) St. Louis 6,342,619 1666,338 2481,634 2043,524 1235,319 5132,193 1174,995 18,035,669 382,476 276,986 400,406 19,095,537 778,207 18,146 15,219 488 812,060 5,173,421 51,809 1/85,280 347,905 5,658,415 3,744,682 302,349 645,522 Minneapolis Kansas City Dallas San Francisco 539,659 1052,073 707,979 2606,685 847,381 1387,399 28,046 21,238 18,423 23,763 815 8,955 902,805 1433,215 766,591 28,803 13,617 2,722 811,733 891,845 2939,169 26,265 43,432 12,015 38,181 1,031 905 931,156 3021,687 638,628 28,235 9,879 2,173 678,915 405,941 19,426 6,408 257 432,032 777,349 27,678 10,413 1,095 816,535 889,944 2539,794 28,842 60,556 13,884 29,904 1,271 32,789 933,941 2oo3,043 243,198 278,026 313,750 625,697 143,894 104,450 175,535 192,834 345,078 374,349 2,606 1,107 1,198 1,035 3,163 788 4,991 972 20,931 652 834 1,172 2,413 49,416,888 2688,327 12,651,547 2813,313 4262,533 3134,390 2481,260 8782,740 1998,592 1076,793 2044,977 1835,926 5646,490 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. 351,098 809,198 27,543 178,325 17,879 47,013 3,011 11,448 21,483 55,923 4,489 12,079 33,087 71,550 1,006 16,025 15,896 41,236 3,349 12,075 17,286 36,192 762 9,815 47,984 121,504 1,429 27,093 11,842 31,586 521 8,803 7,847 19,697 1,073 5,512 14,206 30,533 1,137 8,595 19,886 40,871 1,307 8,026 40,701 89,130 2,l40 18,024 50,783,052 2767,678 13,026,660 2907,287 4384,201 3206,946 2545,315 8980,750 2051,344 1110,922 2099,448 1906,016 5796,485 120,300 1,036 6,857 - - F. R. notes outstanding 27,460,364 1623,416 Collat. for F. R. notes: Gold certificate acct. 12,008,000 700,000 —— Eligible paper 39,586 U. S. Govt, securities 17,095,000 1150,000 Total collateral 29,142,586 1850.000 l/ After deducting $191,706,000 participations 2/ After deducting $86,375,000 participations 103,001 223,963 7,319 40,830 8,300 10,706 5,414 4,451 6,135 17,203 - - — 45 51 FEDERAL RESERVE AGENTS' ACCOUNTS 6,584,570 1717,802 2559,604 2110,509 1287,135 5231,023 1215,169 2/33,925 — 2,887 — 4,692 940 553,906 1078,889 6,256 13,474 - - — 756,887 2741,454 3,270,000 640,000 1130,000 775,000 425,000 2400,000 430,000 155,000 300,000 283,000 1500,000 —— 13,160 —— —— —— —— 7,810 —— 18,616 —— —— 3,600,000 1200,000 1600,000 1400,000 1000,000 3000,000 875,000 425,000 820,000 525,000 l';00-000 6.870.000 1853.160 2710.000 2175.000 1425,000 5400,000 1312,810 580,000 1138,6l6 808.000 3000,000 of other Federal Reserve Banks. of other Federal Reserve Banks.
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