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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release May 8, 1958 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AUD RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of dally figures of member bank reserves for the week ending May 7 Increased $27 million to $18,276 million. Estimated required reserves decreased $3 million; and estimated excess reserves increased $30 million to $690 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $572 million, compared with $535 million the week before. The principal changes supplying average reserves were increases of $173 million in Federal Reserve holdings of U. S. Government securities and $31 million in Federal Reserve float, and a decrease of $68 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $l4l million in money in circulation and $52 million in foreign deposits with Federal Reserve Banks, and a decrease of $56 million in gold stock. Total Reserve Bank credit increased $197 million. As of Wednesday, May 7# holdings of U. S. Government securities bought outright were $171 million higher than a week earlier and member bank borrowings were $31 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 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) Averages of daily For week ending Change April 30, May 7, 1958 (In millions of 23,799 — 38 118 * +187 - 14 «. — +674 - 88 + 14 - -849 7 808 24,763 21,968 5,197 51:928 + 31 +197 - 56 + 3 +143 30,659 738 533 287 +141 + 5 - 68 + 52 - 11 - 2 +117 386 1,049 33,652 18,276 17,586 690 figures from week ending 19581 May 8, 1957 dollars) + 27 - 3 + 30 - 26 -139 -4i4 -350 +102 -662 + 70 - 57 + 29 - 79 +111 - 29 + 46 -708 -909 +201 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 21,9^7 Treasury cash holdings 742 Treasury currency outstanding 5,198 Member bank) - Required (est.) 17,573 Money in circulation 30,719 reserves ) - Excess (est.) 749 On May 7, 1958, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,132 million, an increase of $64 million for the week and a decrease of $521 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 ti, April 30, 1957 1958 May 7, 1958 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 outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,518,393 840,174 21,358,567 391,338 383,574 124,682 509 38,902 1,116,310 19,946,105 + + 44,999 5,157 50,156 49,760 34,542 31,257 6 1,486 + 170,600 - — — — Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 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 2,789,257 23,851,672 + 170,600 23,851,672 + 170,600 24,015,765 15 4,450,567 + 140,835 86,782 260,922 50,947,530 + + - 388,721 214 14,947 367,183 26,450,146 + 18,322,196 358,903 287,502 373,395 19,341,996 3,759,897 19,648 49,571,687 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 -- 1 + 730,505 +8,583,906, -8,571,413 12,493 + 730,505 59,000 + 671,505 + - 7,299 , 7 49,132 10,112 + - 107,627 168,439 75,546 + 90,992 + + - 68,249 235,231 30,710 37,823 174,095 - 456,769 - 282,078 + + ± - 1425 379,432 + 65,228 139,165 389,495 41,331 - 256,304 86 + + 61,605 - 16&439 + 68,800 350,463 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + 271,000 11,774 282,774 18,513 19,893 679,174 237 15,205 + 809,198 27,543 188,639 50,947,530 + + - + - 12,163 367,183 46.6$ .1% 131,955 992 494 6 6,663 868 18,748 8% MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 7, 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 123,131 1,544 7 124,682 Industrial loans 145 183 81 Acceptances 12,160 26,742 100 509 38,902 U. S. Government securities 287,050 7,410,807 13,703,654 1,035,304 56,610 1,358,247 23,851,672 STATEMENTC OF C0NDIT][ON OF EACH FEDERAL RESERVE BAHEC ON bIAY 7, 19!>8 St. Phila"evr Richmond Atlanta Chicago New York Boston Louis land 1 delphia H,4.1(b) Total A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 20,518,393 1011,491 840,174 54,302 21,358,567 1065,793 Minneapolis Kansas City Dallas Francisco 5,674,866 1151,398 1752,404 1187,752 805,237 3731,844 805,662 435,919 809,813 716,116 2435,891 174,572 58,016 76,734 73,753 47,483 148,973 42,486 21,807 40,874 27,925 73,249 5,849,438 1209,414 1829,138 1261,505 852,720 3880,817 848,148 457,726 850,687 744,041 2509,140 F.R. notes of other Banks Other cash 391,338 383,574 18,672 29,625 109,063 74,134 28,352 27,952 40,601 36,889 24,150 23,733 59,246 27,921 27,325 58,319 7,608 14,255 18,983 10,032 5,273 10,8l4 30,549 16,624 26,244 48,548 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 124,682 509 13,035 8,475 3,275 163 7,185 12,800 14,050 24,691 7,730 2,848 19 21,718 6,050 2,825 45,539 56,801 194,997 98,821 72,663 281,498 64,169 813,681 1014,918 3484,186 1765,729 1298,332 5,029,769 1146,582 23,484 419,606 38,902 327 38,902 - - 60,782 1,116,310 19,946,105 1086,025 - - - - - - 703.361 160,338 246,919 181,558 141,926 487,227 113,785 151,869 2,789,257 y j 23,051,672 1290,676 ""6","<314,628 1371,089 2111,459 1552,553 1213,645 4166,410 973,005 c. I *—y 1 47,647 43,727 126,182 851,360 781,309 2254,608 58,678 119,054 501,760 1010,051 109,258 315,284 934,294 2696,074 Total U. S. Govt, sees. 21.851.672 1298.676 6,014.628 1371,089 2111,469 1552.5^3 1213,645. 4l66,4l0_ 973,00^ 501.768 1018,061 914.294 2696,074 Total loans & securities 24,015,765 1312,038 6,062,005 1374,527 2118,654 1565,353 1227,695 4191,101 504,635 1039,779 940,344 2698,899 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 15 4,450,567 86,782 260,922 1 350,201 4,872 13,987 1/4 7887254 1 287,922 1 377,530 1 357,706 64,486 14,741 23,235 16,720 10,635 4,424 9,860 1 197,063 686,954 6,519 7,660 7,554 10,399 13,314 47,233 1 388,559 2 2/ 124,797 5,354 5,435 1 230,034 4,901 11,442 1 208,007 6,775 10,920 1 453,540 11,369 29,010 50,947,530 2795,189 12,958,019 2947,333 4435,908 3256,027 2577,116 8899,305 2069,456 1122,234 2152,931 1957,261 5f?6,751 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ than $500. DigitizedLess for FRASER 6,859 980,735 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 7, 1958 Total Boston Richmond Atlanta New York Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES J^s % % ^ Dallas (In thousands of dollars) 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 Chicago 26,450,146 1564,373 6,286,329 1655,147 2485,319 2050,199 1237,544 5118,916 1178,368 537,140 1051,180 711,455 2574,176 18,322,196 786,898 5,253,292 890,055 1439,423 788,184 902,424 2912,689 648,148 414,873 813,502 948,226 2524,482 22,499 33,408 16,861 30,063 32,549 22,239 42,355 22,202 24,010 30,285 27,387 55,045 358,903 15,789 1/88,616 19,113 24,653 14,127 12,465 39,611 10,249 6,648 10,803 l4,4o4 31,024 287,502 368 312,456 9,783 899 3,527 1,579 650 1,050 397 1,216 1,436 40,034 373,395 19,341,996 825,554 5,687,772 935,812 1495,038 838,387 938,707 2995,305 681,649 445,928 855,806 991,453 2650,585 3,759,897 324,231 600,995 260,843 330,391 293,168 335,573 582,091 155,696 104,147 190,347 183,217 399,198 19,648 1,170 5,015 986 2,595 961 861 3,193 664 970 722 869 1,642 49,571,657 2715,320 12,500,111 2052,700 4313,343 3102,715 2512,605 0699,505 2016,377 1000,105 2090,055 1006,994 5625,601 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. 350,463 809,198 27,543 188,639 17,843 47,013 3,011 11,994 21,462 55,923 4,489 12,671 33,072 71,550 1,006 16,937 15,973 41,236 3,349 12,754 17,234 47,918 36,192 121,504 762 1,429 10,243 28,949 11,802 31,586 521 9.170 7,580 19,697 1,073 5.699 14,201 30,533 1,137 9.005 19,748 40,871 1,307 8.341 40,652 89,130 2,l4o 19.228 50,947,5301 2795,189 12,958,019 2947,333 4435.908 3256,027 2577.116 8899.305 2069.456 1122.234 2152.931 1957,261 5776.751 131,955 992 7,524 * — F. R. notes outstanding 27,443,559 1630,737 Collat. for F. R. notes: Gold certificate acct. 12,058,000 700,000 Eligible paper -— 32,723 U. S. Govt, securities 17,145,000 1150,000 Total collateral 29,235,723 1050,000 l/ After deducting $198,886,000 participations 2/ After deducting $94,776,000 participations 102,978 223,963 7,319 43*648 2/37,179 9,108 11,748 6,732 5,940 18,876 4,884 3,168 5,148 6,864 14,784 1 51 —— —— —— —— —— 9)|0 •• FEDERAL RESERVE AGENTS' ACCOUNTS 6,607,751 1716,574 2500,394 2121,360 1294,182 5208,646 1215,650 549,182 1073,639 755,128 2682,308 IBM 3,270,000 640,000 1130,000 825,000 425,000 24oo,ooo 430,000 155,000 300,000 283,000 1500,000 -3,275 ---*• -7,730 -21,718 --— 3,600,000 1200,000 1600,000 1350,000 1000,000 3100,000 875,000 425,000 820,000 525,000 1500,000 6,070,000 1043,275 2730,000 2175,000 1425,000 5500,000 1312,730 of other Federal Reserve Banks* of other Federal Reserve Banks. 580,000 1141,718 808,000 3000,000
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