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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release November 13, 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 November 12 increased $94 million to $18,510 million. Estimated required reserves decreased $119 million; and estimated excess reserves increased $213 million to $662 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $193 million, compared with $47 million the week before. The principal changes supplying average reserves were increases of $201 million in Federal Reserve holdings of U. S. Government securities, $138 million in Federal Reserve float, and $67 million in member bank borrowings. The principal offsetting changes were increases of $241 million in money in circulation and $46 million in Treasury deposits with Federal Reserve Banks, and a decrease of $27 million in gold stock. Total Reserve Bank credit increased $4c6 million. As of bought outright securities held bank borrowings Wednesday, November 12, holdings of U. S. Government securities were $20 million higher than a week earlier, U. S. Government under repurchase agreement were $94 million lower, and member were $127 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 figures Week ending Change from week ending Wednesday, Nov. 12, Nov. 13, Nov. 5, Nov. 12, 1958 1957 1958 1958 (]in millions of dollars) 25,614 46 35 +234 - 33 - 1 +2 , 2 8 2 - 120 + 17 25,443 2 33 469 2 934 27,100 20,652 5,225 52,977 + 67 434 6 63 +1,676 -2,079 + 89 - 314 374 2 26,512 20,676 5,224 52,412 373 108 134 32 32 21 87 31,751 688 496 288 320 1,076 34,620 401 506 105 17,792 17,830 38 — — +138 +406 - 27 + 3 +382 +241 + 3 + 46 + 14 - 16 - - 31,660 687 371 297 375 1,078 34,467 +288 + 18,510 17,848 662 + 94 -119 +213 - — «•» - - - + + > 6 5 7 On November 12, 1958, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $ 3 , 8 5 2 million, an increase of $60 million for the week and an increase of $29 million from the comparable date a year ago. 5.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Nov. 13# Nov. 5, 1957 1958 Nov. 12, 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 19,197,892 889,948 20,087,840 292,161 347,372 375,418 338 33,323 + +_ + 5,000 2,651 7,651 29,020 20,570 127,051 1,839 20,040 1,442,150 21,507,291 2,000 Total loans and securities Due from foreign tanks 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 hank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES + + - 20,040 93,800 73,760 15,747 + 845,177 +1,573,679 10,000 - 317,979 +2,110,877 70,900 +2,039,977 25,445,212 - 25,854,291 15 5,094,655 93,286 234,273 52,003,893 - 202,650 + + + + 272,344 99 11,811 39,665 +1,980,735 + 3 88,215 + 10,345 1,061 - 122,391 27,265,888 + 182,189 + 251,667 17,792,321 496,480 - 489,063 302,930 11,866 11,536 209,535 55,882 1,110 29,646 + + + - 571,230 14,241 35,937 16,270 609,196 204,869 2,209 150,451 + 1/+ 9,825 39,665 16,249 34,059 22,248 122,391 287,511 320,349 18,896,661 4,437,414 23,711 50,623,674 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 262 + 10,000 2,483,771 25,443,212 -2,003,499 + 44,740 -1,958,759 67,916 + 2,477 74,727 357,696 809,195 213,328 52,003,893 + - - + + + + + + 194 Ratio of gold certificate reserves to deposit 3.9# 43.5% and F. R. cote liabilities combined Contingent liability on acceptances purchased + 15,100 4,215 77,705 for foreign correspondents 106 1,015 4 Industrial loan commitments 1/ Net change after elimination of Sec. 13b surplus of $27,543,000 0 D Sept. 2, 1958. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 12, 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 362,336 13,082 375,418 Industrial Acceptances loans 9,412 195 23,911 19 53 71 33,323 U. S. Government securities 112,850 9,188,865 13,649,726 1,023,614 83,910 1,386,247 25,445,212 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 4,820,276 1103,636 1683,509 889.948 56,360 20,087,840 181.239 | 971,932 A S S E T S 8 19,197,892 Total 5 Boston CON OF EACH FEDERA] RESERVE BANK ON NOVEMBER ]12, 1958 St, ClevePhilaRichmond Atlanta Chicago New York Louis delphia land thousands STATEMENT H.4.1(b) 57,262 83,835 Minneapolis Kansas City San Francisco Dallas 1182,322 857,978 3385,470 807,703 439,714 772,806 700,872 2471,674 78,743 52,617 158,785 44,007 20,763 41,782 29,042 85,513 1028,292 5,001,515 1160,898 1767,344 1261,065 910,595 3544,255 851,710 460,477 814,588 729,914 2557,187 18,708 F.R. notes of other Banks Other cash 292,161 347,372 23,928 Discounts and advances Industrial loans AcceptancesBought outright U. S. Govt, securities: Bought outrightBills Certificates Notes Bonds Total Held under repurchase agreement 375,418 338 38,424 327 77,518 69,553 21,551 18,048 11,794 32,173 28,396 19,643 63,896 14,465 17,341 9,516 22,997 62,797 7,815 19,242 11,131 8,340 6,539 11,455 15,671 15,276 29,597 43,303 28,988 116,786 10,323 6,504 53,611 4,668 10,896 251,914 58,830 30,339 61,555 56,491 163,013 1,747 433.865 4444,420 409 101,323 210 427 52.251 106.015 535,249 1085,993 391 97.292 1,130 280.753 2875,973 40,444 23,614 11 33,323 33,323 363,664 82,902 127,666 93,872 73,382 1,442,150 78,522 21,507,291 1171,029 5,423,450 1236,325 1903,933 1399,953 1094,355 2,523 574 885 651 508 10,000 545 626.327 142.777 219.876 161.674 126.382 2.483.771 135,236 25,443,212 1385,332 6,415,964 14^2,578 2252,360 1656,150 1294,627 3756,894 877,368 452,449 917,996 842,462 2431,077 1037,930 996,636 2,000 2.000 Total U. S. Govt, sees. 25,445,212 1385,332 6.417,964 1462,578 2252.360 1656,150 1294,627 4444,420 1037,930 535,249 1085,993 996,636 2875,973 Total loans & securities 25,854,291 1424,083 6,515,183 1477,043 2269,701 1665,666 1323,615 4561,206 1048,253 541,764 1139,604 1001,304 2886,869 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 15 5,094,655 93,286 234.273 52,003,893 1 386,436 4,664 12.754 1/4 8717346 10,550 58,629 1 1 1 1 2 1 2 / 342,376 446,818 426,113 411,010 840,881 243,648 165,530 4,290 9,917 6,659 9,049 11,386 6,863 5,237 13.180 20,946 15.232 12,188 40,132 9,430 4,909 1 , 1 252,916 464,877 7,762 12,038 9,328 26,726 2898,866 12,604,298 3037,387 4558,694 3422,775 2730,516 9083,656 2186,962 1197,388 2230,581 2032,172 6020,598 1/ After deducting $11,000 participations of other Federal Reserve Banks 2/ Less than $500. 1 242,704 4,871 10,819 a.4.1(c) Total STATEMENT 0"' CONDITION OF EACH FEDERAL RESERVE BANK ON fOVEMBER ClevelailaNew York delplala land Richmond Atlanta Chicago Boston (In thousands of dollars) LIABILITIES Federal Reserve notes Deposits: Member bank reserves U.S.Tress.-gen.acct. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 1958 St. Louis Minneapolis Kansas City Dallas San Francisco 27,265,888 1595,360 6,363,659 1685,633 2511,118 2118,351 1388,354 5230,481 1212,210 575,504 1085,615 770,805 2728,798 17,792,321 798,483 4,717,487 874,241 1416,430 850,395 892,071 2741,192 670,885 438,843 868,096 940,341 2583,857 496,480 37,230 66,704 17,679 26,052 29,988 52,509 40,981 33,758 25,915 46,207 44,204 75,173 16,530 1/79,291 20,010 25,810 14,790 13,050 41,470 10,730 6,960 11,310 15,080 32,480 287,511 wCI C W p 1 | fvC AjJlUH C|UW 1) J L U C ji I W w <ZJUy 1,269 LfCXjy 1; l*#v 42,376 621 266,823 1,702 1,104 2,866 1,162 377 688 215 1,146 320,349 18,896,661 852,864 5,130,305 913,632 1469,396 898,039 958,792 2824,020 716,061 471,933 926,962 1000,771 2733,886 4,437,414 371,265 726,715 344,756 451,364 333,408 316,482 821,176 204,094 115,022 l6l,?4l 189,215 402,176 1,098 5,849 1,222 2,620 1,298 1,274 3,609 950 835 1,062 1,088 2,806 23,711 50,623,674 2820,587 12,226,528 2945,243 4434,498 3351,096 2664,902 8879,286 2133,315 1163,294 2175,380 1961,879 5867,666 CAPITAL ACCOUNTS Capital paid is Surplus Other capital accounts TOTAL LIABILITIES ADD CAPITAL ACCOUNTS Coating, llab. on acceptances purchased for foreign correspondents Industrial loan commit. 357,696 809,195 213,328 18,028 47,148 13,103 103,618 223,530 50,622 21,803 56,214 14,127 33,544 71,541 19,111 16,181 41,165 14,333 18,114 49,261 36,198 121,515 11,302 33,594 12,116 31,560 9,971 8,256 19,761 6,077 14,677 30,524 10,000 20,142 40,926 9,225 41,956 89,113 21,863 52,003,893 2898,866 12,604,298 3037,387 4558,694 3422,775 2730,516 9083,656 2186,962 1197,388 2230.581 2032,172 6020,598 77,705 1,015 4,429 mm 2/21,916 — 5,361 6,915 75 3,963 3,497 11,U1 2,875 1,865 \°£ 4,041 8,702 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 28,152,238 1650,520 Collat. for F. R. notes: Gold certificate acct. 11,213,000 600,000 78,210 Eligible paper U. S. Govt, securities 17.870^000 1150.000 Total collateral 29,161,210 1750!000 l/ After deducting $208,220,000 participations 1/ After deducting 455,789,000 participations 6,568,424 1760,590 2571,851 2182,700 1443,970 5345,059 1259,750 588,001 1111,041 816,148 2854,184 3,120,000 640,000 920,000 775,000 425,000 2200,000 430,000 200,000 300,000 303,0001300,000 14,375 — — — — 10,275 — 53,560 3,600,000 1200.000 1700.000 1450.000 1100.000 3300.000 900.000 425.000 820.000 525.000 1700.000 6,720.000 1854.375 2620.000 2225.000 1525.000 5500.000 1340.275 625.000 1173.560 826.000 3000.000 of other Federal Reserve Banks of other Federal Reserve Banks
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