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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL REBBVE SYSTEM For immediate Release May 9, 1957 WEEKLY AVERAGES OF MEMBER B A H 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 8 decreased $l6 million to $18,984 million. Estimated required reserves decreased $107 million; and estimated excess reserves increased $91 million to $497 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $1+70 million, compared with $298 million the week before. The principal changes reducing average reserves were a decrease of $221 million in Federal Reserve float, and increases of $90 million in money in circulation and $85 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $263 million in member bank borrowings and $44 million in Federal Reserve holdings of U. S. Government securities, and a decrease of $70 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $84 million. As of Wednesday, May 8, holdings of U. S. Government securities bought outright were $48 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $59 million higher, and member bank borrowings were $292 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 May 1, 1957 I May 9, 195b May 8, 1957 (In millions of dollars) 24 . 44 + 88 - 1 967 +263 23,125 88 26 947 25,177 22,318 5,095 52,590 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) 30,589 795 504 Member bank reserves— Required reserves (estimated) Excess reserves (estimated) 18,984 18,487 497 366 275 1,078 33,606 - 1 -221 + 84 - - -127 - 12 + 10 -147 + 25 +103 -l4ti +550 1 + 70 +472 + 90 + 1 + 85 - 16 +293 + 14 - 51 + 32 - 46 - 70 +102 +336 + + 86 + 14 + 96 - 16 +136 -107 + 91 +192 - 56 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 22,319 Treasury cash holdings 792 Treasury currency outstanding 5,096 Member bank) - Required (est.) 18,427 Money in circulation 30,604 reserves ) - Excess (est.) 352 On May 8, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,653 million, a decrease of million for the week and a decrease of $85 million from the comparable date Digitized$34 for FRASER a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since May 9, May 1, 1956 1957 May 8, 1957 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 385,805 11,362,199 8,571,413 2,801,750 23,121,167 59,000 23,180,167 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,008,466 22 4,499,699 76,670 153,265 51,115,969 26,359,154 + 18,778,965 20,789,393 851,948 21,641,341 372,825 363,681 803,856 746 23,697 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 365,566 352,730 234,230 19,731,491 3,718,566 18,780 49,827,991 C A P I T A L A C C O UN T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 331,715 747,593 27,543 181,127 51,115,969 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + - + ' 29,268 - - - 6,514 25,397 - - 10,000 3,486 291,634 28 38 . 48,300 - — + + + + + - + + + - 548,407 10,755 559,162 102,017 825 199,210 222 9,352 22,335 429,500 582,500 -- 130,665 38,400 92,265 48,300 59,000 10,700 + 281,000 - 282,345 711,674 + 132 + 13,252 -1,027,441 + + + 285,471 11,152 20,363 655,919 32,022 + 327,493 - 343,652 - 232,942 + 41,292 59,078 - 594,380 - 477,352 + 879 -1,038,831 + + - 162,025 132,657 17,144 88,246 517735 201 + + 17,664 53,981 - + + - - - « + 11,189 -1,027,441 47.0$ 63,155 1.824 981 26 - + 281,996 ^ 89 +" 567,666 +_ 16,608 + 655,919 + 1.056 + 18,647 608 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. MAY 8, 1957 (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 771,156 32,700 Industrial loans T ~ 345 146 Acceptances 9,269 14,428 211 803,856 23,697 U. S. Government securities 221,555 8,080,815 12,088,540 360,786 1,013,614 1,414,857 23,180,167 STATEMEN' OF CONDITION OF EACH FEDERAL RESERVE SANK ON MAY 8, 1957 St. Phila- CleveRichmond Atlanta Chicago New York Boston Louis land delphia (In thousands of dollars) E.4.1(b) Total A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 20,789,393 1020,646 851,9^8 21,641,341 55,314 5,735,249 1164,543 1876,507 1290,676 176,466 60,266 75,169 71,280 811,347 3684,574 830,448 49,642 153,078 42,968 San Francisco Minneapolis Kansas City Dallas 338,819 833,670 698,263 2504,651 22,677 40,916 25,616 78,556 1075,960 5,911,715 1224,809 1951,676 1361,956 860,989 3837,652 873,416 .361,496 874,586 723,879 2583,207 10,185 F.R. notes of other Banks Other cash 372,825 19,402 29,328 74,195 76,142 26,579 19,135 26,993 35,537 19,474 17,235 84,217 31,507 28,739 51,096 11,502 21,575 10,968 5,490 10,457 38,849 15,741 27,200 44,960 Discounts and advances Industrial loans Acceptances— Bought outright— U. S. Govt, securities: Bought outright Bills Certificates Notes Bonds Total Held under repurchase agreement 803,856 57,255 327 119,155 — 39,468 384 78,710 44,913 50,770 250,120 17,530 31,005 60,630 13,300 41,000 Total U. S. Govt. sees. Total loans & securities 363,681 746 23,697 23,697 21,044 96,483 22,520 33,888 24,651 19,983 67,343 15,955 8,326 385,805 619,763 2,841,470 663,246 998,033 725,965 588,528 1983,283 469,884 245,196 11,362,199 8,571,413 467,536 2,143,548 500,339 752,896 547,653 443,974 1496,149 354,471 184,971 700,664 163.547 246,100 179.012 145.122 489.048 115,866 60,462 2,801,750 152.824 1261,167 5,782,165 1349,652 2030,917 1477,281 1197,607 4035,823 956,176 498,955 23,121,167 59,000 59,000 23.180,167 TOTAL ASSETS 51,115,969 — — — — 5,984,017 1389,504 2109,627 1522,194 1248,377 4285,943 3 22 4,499,699 76,670 153.265 — — — 16,564 487,813 367,996 120,288 992,661 15,119 43,929 445,273 1293,745 335,905 975,975 109,798 319,019 906,095 2632,668 *" 1261.167 5.841.165 1349.652 2030,917 1477.281 1197.607 4035.823 956.176 498.955 992,661 906,095 2632,668 24,008,466 1318,749 Due from foreign banks -Uncollected cash items Bank premises Other assets 8^107 17.091 3 1:i 1;j % 8.617 13.514 9.562 37 ®:i % 7.832 28.887 973,706 529,995 1053,291 919,395 2673,668 l9 \'d % V * "fep »:2S 6.080 3,268 6,390 6,607 17,3 1 0 2804,964 12,870,446 2978,090 4541,549 3305,254 2616,356 8940,857 2081,395 1044,295 2176,316 1930,548 5825,899 l/ After deducting $16,000 participations of other Federal Reserve Banks. 35 H.4.1(c) Total L I A B I L I T I E S Federal Reserve note8 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 CONDIT ON OF EACH FEDERAL RESERVE BANK ON M Y 8, 1957' Phila- CleveRichmond Atlanta Chicago New York Louis delphia ,In thousands of dollars] 26,359,15% 1560,860 6,197,082 1684,637 2488,103 2080,920 1256,499 5092,671 1177,364 482,198 1057,089 679,558 2602,173 896,149 1540,615 814,970 929,032 2975,498 36,221 22,559 30,482 23,800 26,863 39,064 24,010 30,870 17,493 15,435 48,706 1/106,113 1,714 1,549 10,074 1,033 4,421 171,497 313,044 3064,»17 952,792 1603,000 860,604 5,733,324 18,778,965 365,566 352,730 234,230 19,731,491 820,824 28,351 19,894 323 869,392 5,^19,493 3,718,566 297,954 582,703 249,588 332,720 294,635 326,065 18,780 1,105 4,809 1,003 2,235 965 901 2556,509 17,129 43,948 3,011 11,565 95,108 21,044 52,301 4,489 31,968 66,393 15,203 37,594 3,349 11,904 16,010 33,179 49,827,991 2729*311 12,517,918 2888,020 4426,058 3237,204 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. 331,715 747,593 27,543 181,127 51,115,969 63,155 1,824 208,002 7,319 42,099 12,236 1,006 16,124 762 9,896 594,785 663,278 393,877 842,716 945,921 2536,592 24,894 27,445 25,815 53,073 26,999 8,232 13,034 17,836 38,416 12,691 397 2,501 2,967 37,205 549 703,517 427,400 885,696 992,539 2665,206 149,872 101,451 181,715 $92,240 414,838 616 691 798 1,540 8755,782 2031,361 1011,665 2125,191 1865,135 5683,837 3,509 608 45,320 110,421 11,342 29,331 1,429 27,905 521 8,840 7,286 18,520 1,073 5,751 13,313 27,983 1,137 8,692 18,548 37,508 1,307 8,050 39,444 82,413 2,140 18,065 2804,964 12,870,446 2978,090 4541,549 3305,254 2616,356 8940,857 2081^395 1044,295 2176,316 1930,548 5825,899_ 3,654 27,320,030 1590,252 F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. 11,798,000 580,000 114,003 Eligible paper U. S. Govt, securities 17,040,000 1150,000 28,952,00311730,000" Total collateral 1/ After deducting $2 , 17,000 participations 2/ After deducting $45,297,000 participations Minne- 2/17,858 4,410 36 5,670 56 3,213 — 2,835 — 8,946 84 FEDERAL RESERVE AGENTS' ACCOUNTS 6,462,242 1782,603 2563,694 2137,345 1313,479 5104,393 2,331 1,512 — 2,394 1,648 3,276 — 7,056 1214,688 535,348 1680,918 727,187 2720,609 3,170,000 640,000 1130,000 915,000 400,000 2300,000 450,000 130,000 300,000 283,000 1500,000 16,605 — 59,680 37,718 875,000 460,000 820,000 525,000 1500,000 3.600.000 1200,000 1500,000 1310,000 1000,000 3100,000 1341,605 590,000 1179,600 000,000 3000,000"
@FedFRASER