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BOARD-OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Iamediate Release November 12, 1959 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 ended November 11 increased $13 million to $18,724 million. Estimated required reserves decreased $8l million; and estimated excess reserves increased $94 million to $^72 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $436 million, compared with $448 million the week before. The principal changes supplying average reserves were increases of $82 million in member bank borrowings, $77 million in Federal Reserve holdings of U. S, Government securities, and $50 million in Federal Reserve float• The principal offsetting changes were increases of $185 million in money in circulation and $20 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $208 million. As of bought outright securities held bank borrowings Wednesday, November 11, holdings of U. S. Government securities were $50 million higher than a week earlier, U, S. Government under repurchase agreement were $80 million lower, and member were $138 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 Held under repurchase agreement 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 figures Week ended Change from week ended Wednesday, Nov . 12, Nov. 11, Nov. 11, Nov. 4, 1958 1959 1959 1959 (In millions of dollars) 26,574 189 26 - - 908 + 30 + 47 + 1 - 1 + 82 8 947 28,651 19,585 5,301 53,537 32,105 4l4 458 313 396 1,128 3%,813 18,72k 18,252 kj2 mm mm + 50 +208 — — + 2 +209 +185 + 6 - 13 + 20 - 1 + 1 +196 + 13 - 8l + 94 + 960 + 143 26,602 176 26 9 - - — — + 439 + 6 + 13 +1)551 -1,067 476 + 560 19,585 5,301 53,512 + 32,200 + 445 273 87 16 21 50 346 + + 214 361 - 147 - + + + + 500 9 1,314 28,626 4o6 492 320 917 1,127 35,462 18,050 18,201 - 151 On November 11, 1959, U. S. Government securities held in custody by "^Federal Reserve Banks for foreign account were $4,389 million, a decrease of $1 mil 1 i on for the week and an increase of $537 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances--"bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Due from foreign banks Cash items in process of collection Bank premises Other assets TOTAL ASSETS 18,348,642 947,84l 19,296,483 359,610 363,889 508,879 7,001 + 156 71,150 20,827 + + + 6,845 + - 136,492 + 1, 001 2,601,150 + 49, 500 «. — 10,506,993 11,010,298 27,312,131 15 5,505,694 98,850 326,110 — — + - 27,739,934 + 18,050,167 - 19,778,622 4,191,893 39,815 51,750, 264 CAPITAL A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 868,410 259,559 53,262,782 384,549 4o.6$ 63,404 + + + + - 80,100 30,600 + 1,457,840 mm mm + 467 17,889 19,266 + 474,046 364,602 38,375 + 257,846 4,975 32,547 596,543 881,961 245,521 12,286 582, 212 268,271 443,089 1,529 37,038 494 17,278 19, 266 - + + + - + 16,104 + l, 126,590 + + 4- 26,853 59,215 46,231 + l, 258,889 2.9# •3% - + - - + + l, 258,889 + mm - 411,039 5,564 91,837 136,251 + + 133,461 338 7,783 + 1,159,000 + 173,500 4- 1, 332, 500 213,601 + - 67,449 16,517 + 1,159,000 -11,000,298 +11,000,298 -» -» + + + 849,250 57,893 791,357 — — 49, 500 166,091 53,262,782 320,058 916,892 - — — - 491,505 - — mm 25,540 2,483,771 26,602,212 175,500 26,777,712 - + - mm mm 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 Change since Nov. h, Nov. 12, 1958 1959 Nov. 11, 1959 760 - - - 14,301 1,015 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 11, 1959 (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 488,132 20, 494 253 Acceptances 7,309 18, 231 U. S. Government securities 5,491,800 1,888, 450 11,403,393 6,523,912 4l0,385 508,879 25,540 1,059,772 26,777,712 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 CONDITION OF EACH FEDERAL RESERVE BANK OH NOVEMBER 11, 1959 PhilaCleveSt. Boston | New York Richmcnd Atlanta Chicago delphia land Louis (In thousands of dollars) Minneapolis Kansas City Dallas 807,530 4o4,161 703,676 736,051 2565,240 44,581 22,702 43, 44l 30, 234 85,002 852, 111 426,863 747,117 766,285 2650,242 San Francisco 18,3^8,642 882,340 947,841 60,322 19,296,483 942,662 F.R. notes of other Banks Other cash 359,610 363,889 28,546 23,485 64,401 60,911 27,064 22,218 19,036 34, 459 40,025 22, 590 47,624 32,778 22,978 62,515 7,961 19,505 27,907 9,793 19,378 12,972 19,735 15, 238 34,955 47,425 Discounts and advances Acceptances— Bought outright U. S. Govt, securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement 508,879 17,929 49,036 13,639 80,413 34,004 88,659 114,642 7,147 6,754 12,380 9,152 15,124 -- 25,540 - - 25,540 2,601,150 l4l,021 10,506,993 569,637 11,010,298 596,923 2,483,771 134,658 26,602,212 1442,239 175,500 4,320,109 1071,637 1535,309 1119,795 206,342 83,757 82,290 4,526,451 1131,689 1619,066 1202,085 55,563 173,555 961,620 3470,292 - - mm — — ** mm - - " 654,585 148,334 225,202 166,701 137,091 2,644,106 599,172 909,674 673,373 553,760 2,770,763 627,873 953,250 705,628 580,287 625,046 141,639 215, o4o 159,180 130,905 6,694,500 1517,018 2303,166 1704,882 1402,043 175,500 «•» — 60,052 906,057 3296,737 w w 450,135 105,789 1818,256 427,319 1905,354 447,789 429,821 101,015 4603,566 1061,912 * -- - - 59,246 112,122 103,823 239,318 452,904 419,376 250,782 474, 599 439,465 56,573 107,063 99,137 605,919 1146,688 1061,801 297,101 1200,098 1257,585 283,694 3038,478 * Total U. S. Govt, sees. 26,777,712 1442,239 6,870,000 1517,018 2303,166 1704,882 1402,043 4603,566 1081,912 605,919 1146,688 1061,801 3038,478 Total loans & securities 27,312,131 l46o,168 6,944,576 1530,657 2383,579 1738,886 1490,702 4718,208 1089,059 612,673 1219,068 1070,953 3053,602 Due frcm foreign "banks Cash items in process of collection Bank premises Other assets 15 1 1/ 4 1 1 l 5,505,694 98,850 326,110 364,874 4,359 17,669 924,152 10,009 81,oil 322,269 4,074 18,241 380,272 9,265 28,302 455,975 6,748 20,799 1 2 1 583,523 752,020 14,341 9,702 18,240 56,527 285,960 7,112 13,042 2/ 1 1 1 269,198 4,650 14,848 331,575 11,025 13,067 636,065 12,422 37,024 53,262,782 2841,764 12,611,515 3056,213 4473,980 3487,109 3144,190 9096,883 2274,751 1289,530 2287,232 2227,879 1 l/ After deducting $11,000 participations of other Federal Reserve Banks 2/ Less than $500. 6471,736 TOTAL ASSETS 199,811 5,143 7,340 tiltiTi'JIVWJ-UP UUHUITIUIN Ut iiiM-Vti i! JMJilijKRJL. XVDQJMAV ill nmNJX (JIM lNUVJUXlDE-n J—L, H.4.1(c) Total Boston PhilaCleve. A._ . . Delphia lend Richmond Atlanta Chicago (In thousands of dollars) Nev York L I A B I L I T I E S St. Louis Minneapolis Kansas City San Dallas Francisco 27,739,934 1582,912 6,477,370 1749,630 2514,361 2107,111 1536,630 5270,278 1226,304 604,300 1108,117 807,585 2755,336 Federal Reserve notes Deposits: Member bank reserves U.S.Treas.-gen.acct. Foreign Other Total deposits 18,050,167 793,156 4,617,088 889,410 1438,689 836,832 896,896 2871,023 707,601 420,229 804,212 955,402 2819,629 14,648 65,000 22,993 31,116 46,227 50,417 54,804 23,214 33,097 4l,l6o 31,227 77,602 491,505 17,325 1/93,258 20,790 28,350 15,750 14,805 46,620 11,655 7,560 12,285 16,380 35,280 320,058 659 "257,536 2,652 1.156 34,173 181,284 829 51,094 55,481 38,569 120,856 172,603 916,892 19,778,622 825,788 5,032,882 935,845 1499,311 932,982 1143,402 2973,276 793,564 516,367 896,226 1123,865 3105,114 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 4,191,893 346,675 678,841 269,718 320,981 365,649 388,354 620,956 195,083 130,648 220,244 218,115 436,629 1,933 10,710 2,063 3,722 2,310 2,006 6,352 1,518 1,239 1,780 1,606 4,576 39,815 2757,308 12,199,803 2957,256 4338,375 3408,052 3070,392 8870,862 2216,469 1252,554 2226,367 2151,171 6301,655 51,750,264 CAPITAL ACCOUNTS 384,549 868,410 259,559 Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 18,962 110,343 238,902 59,607 22,787 36,082 17,219 19,932 39,474 132,159 52,354 33,746 20,785 32,935 43,436 22,170 47,425 15,378 62,467 16,563 22,880 16,992 14,392 41,508 11,697 7,443 12,242 11,102 26,895 50,116 76,643 44,846 12,839 8,748 15,688 95,761 53,262,782 2841,764 12,611,515 3056,213 4473,980 3487,109 3144,190 9096,883 2274,751 1289,530 2287,232 2227,879 6471,736 _ Conting. liab. on acceptances purchased for foreign correspondents 63,404 3,487 2/17,756 4,184 5,706 3,170 2,980 9,383 2,346 1,521 2,473 3,297 7,101 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. Eligible paper U. S. Govt, securities Total collateral If — — o 2/ After deducting t 28,665,889 1660,394 10,510,000 530,000 91,931 19,160,000 1200,000 29,761,931 1730,000 — — ? jt— — JC 6,705,067 1793,599 2575,561 2171,386 1609,074 5371,038 1274,595 617,060 1136,090 657,457 2094,560 2,700,000 200,000 -450,000 300,000 72, o4i 850,000 290,000 1300,000 650,000 1222,041 915,000 3100,000 640,000 920,000 700,000 500,000 2000,000 13,065 ----4,100,000 1200,000 1750,000 1550,000 1200,000 3500,000 430,000 6,825 935,000 6,800,000 1853,065 2670,000 2250,000 1700,000 5500,000 1371,825 — - $45,648,000 participations of other Federal Reserve Banks. 625,000 1800,000
@FedFRASER