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H.4.1 BOARD OF boVAAoRS OF THE FEDERAL RESERVE SYSTEM For Immediate Release November 14, 1957 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 13 decreased $52 million to $18,911 million* Estimated required reserves decreased $14-9 million; and estimated excess reserves increased $97 million to $527 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $376 million, compared with $387 million the week before. The principal changes reducing average reserves were increases of $173 million in money in circulation, $94 million in "other" deposits with Federal Reserve Banks, and $44 million in Treasury deposits with Federal Reserve Banks, The principal offsetting changes were increases of $86 million in member bank borrowings, $57 million in Federal Reserve holdings of U. S, Government securities, $54 million in Federal Reserve float, and $24 million in gold stock, and a decrease of $38 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $199 million. As of Wednesday, November 13, U. S. Government securities held under repurchase agreement were $165 million lower than a week earlier and member bank borrowings were $244 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought outright—System account Held under repurchase agreement AcceptancesBought outright Held under repurchase agreement Loans, discounts, and advancesMember bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Averages of daily figures Change from week ending For week ending Nov. 13, 1957 Nov. 6, 1957 I Nov. 14, 1956 (In millions of dollars) 76 19 23,332 166 18 - 903 + 86 997 25,424 22,731 5,136 53,291 Tilt 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) 31,287 795 505 329 407 1,057 34|38o +173 + 3 + 44 - 38 + 1 Member bank reserves— Required reserves (estimated) Excess reserves (estimated) * Less than $500,000, 18,911 1 % # 527 8 -550 +108 + 2 8 1 + 24 + 1 + 97 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 22,735 Treasury cash holdings 800 Treasury currency outstanding 5,136 Member bank) - Required (est,) 18,391 Money in circulation 31,33^ reserves ) - Excess (est.) -27 On November 13, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,823 million, an increase of $43 million for the week and an increase of $198 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 Nov. 14, Nov. 6, 1956 1957 Nov. 13, 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 Held under repurchase agreement U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 21,201,391 845,208 22,0%, 599 360,077 344,895 450,145 + + 600 23,999 _778 "24,777 14,540 16,715 238,580 13 17,576 1,181 596,973 19,933,612 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS LIABILITIES 10,000 "B157999 88,650 18,034 75,363 209 2,508 7,059 - 418,547 +9,000,913 -9,153,913 - 164,500 164,500 + - 571,547 31,300 540,247 23,873,556 - 401,886 - 474,660 5,182,870 82,941 235,334 52,126,284 + + + + 592,287 + + 245,586 10,665 117,463 95,629 27,014,221 + 120,203 18,363,551 482,239 323,448 336,619 197505,857 4,232,545 + + + 350,747 64,486 29,338 86,345 229,254 293,256 50,774,125 + 183,477 21,502 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 + + + + 825,999 2,801,750 23,332,335 72,900 23,405,235 12 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 + 341,447 747,593 27,543 235,576 52,126,284 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + + 62 .13/830 197,815 1.121 + 179,499 151,726 66,963 18,106 31,96 70,90 117,615 147 9,167 728 211 + + 20,617 53,981 14,127 197,815 + + 30,198 95,629 .2$ 47.4# 62,605 10 3^16 1.7$ 10,731 I M - MATURITY DISTRIBUTION OF LOANS AND SECURITIES. NOVEMBER 13, 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 Digitized Over for FRASER 10 years http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Discounts and advances 432*7502 17,543 Industrial Acceptances loans 5,758 69 11,818 293 87 151 500 17,576 U. S. Government securities 215,600 8,310,838 12,088,540 680,635 750,375 1,358,247 23,"505^235 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH NOVEMBER 13. 1957 St. ClevePhilaRichmond Atlanta Chicago Boston New York Louis delphia land (In •housands of dollars) 5.4.1(b) Total A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 21,201,391 1070,154 845.208 54.663 22,046,599 1124,817 F.R. notes of other Banks Other cash 360,077 344,895 "Discounts and advances Industrial loans Acceptances— Bought outright -32* S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 450,145 600 41.667 22.266 5,871,452 1225,426 1990,819 1434,012 846,147 3988,530 919,678 390,532 39,134 301 24,451 6,050 69,920 26.705 75.701 838,567 761,870 2654,749 24,695 25,441 26,052 59,914 8,031 18,421 15,725 9,780 8,249 11,354 18,987 13,234 28,189 47,211 20,307 47,618 111,778 14,466 12,501 81,519 11,173 11,228 24,551 60,987 41.826 273 26 34,846 52,437 38,143 30,921 104,202 24,688 12,883 25,630 23,395 67,974 1163,585 1750,929 1273,618 1032,502 3479,432 824,355 430,167 855,809 781,178 2269,720 152.824 700.664 163.547 246.100 179.012 145.122 489.048 lis.866 60.462 120.288 109.798 319.019 1272,685 5,834,974 1361,978 2049,466 1490,773 1208,545 4072,682 964,909 503,512 1001,727 914,371 2656,713 — 23,873,556 72.900 5.907.874 1361.978 2049.466 1490.773 1208.545 4072.682 964,909 503.512 1001.727 914,371 2656,713 1312,120 5,949,901 1368,301 2119,386 1511,080 1256,163 4184,460 979,375 516,039 1083,246 925,544 2667,941 y 1 366,881 3 990,272 12.841 57.512 1 1 1 382,039 446,118 424,578 9,560 7,084 4,558 20.910 14,849 13.320 1 2 2/ 1 52,126,284 2874,512 13,024,993 3054,738 4631,823 3440,850 2591,516 9210,453 2168,401 1077,043 2204,915 1955,274 5891,766 5,050 10,626 t_ 901,742 227,544 6,749 5,862 43,004 9,490 248,566 4,916 9.917 1 456,200 11,009 26,466 384,442 6,199 12,136 134,883 Js 5,087 4.997 2/ 219,505 6,241 9,892 1/ After deducting $9,000 participations of other Federal Reserve Banks* 2/ Less than $500. San Francisco Dallas 17,576 Total loans & securities 12 5,182,870 82,941 235,334 18,523 26,506 32,562 149,292 596,973 19,933,612 1087,299 4,985,018 72,900 76.619 67,890 23,405,235 1272.685 TOTAL ASSETS 47.404 148.177 57.872 41,650 19,443 Total U. S. Govt. sees. Due from foreign banks Uncollected cash items Bank premises Other assets 76.948 175.360 77,337 17,576 2.801.750 23,332,335 Kansas City 5,696,092 1167,554 1914,200 1357,064 798,743 3840,353 878,011 368,266 796,741 735,165 2579,048 31,796 21,006 Minneapolis H. 4.1(c) Total L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves LLS.Treas.-gen.acct. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES STATEMENT OF CONDITION OF EACH FEDERAL RESERVE"EAMK ON' NOVEMBER 13, 1957 St. ClevePhilaRichmond Atlanta Chicago Boston New York Louis land delphia (In thousands of dollars) ~ 27,014,221 1604,232 6,346,511 1693,743 2566,866 2175,672 1262,122 5253,666 1205,525 Minneapolis Kansas City Dallas San Francisco 460,844 1065,282 722,111 2657,647 18,363,551 791,514 5,114,300 874,292 1511,149 811,716 896,636 2941,449 674,286 443,321 827,505 925,928 2551,455 28,025 81,804 27,891 33,174 31,460 35,466 56,749 22,088 28,449 34,333 41,718 61^082 482,239 18,444 1/ 94,806 22,260 28,620 16,218 14,310 45,156 11,766 7,632 12,084 16,536 35,616 323,448 241 4.714 2.370 43,501 358 ~ 267,413 9,457 503 2,981 2,144 l,l4l 1,796 336,619 479,643 878,636 986,552 2691,654 838,341 5,558,323 933,900 1573,446 862,375 948,556 3044,495 709,936 19,505,857 4,232,545 352,574 741,990 332,493 368,105 329,841 316,557 713,448 199,900 102,150 206,306 177,750 391,431 943 5,513 l,06l 2,896 1,242 1,022 3,137 745 657 872 1,049 2,365 21,502 2796,090 12,652,337 2961,197 4511,313 3369,130 2528,257 9014,746 2116,106 1043,294 2151,096 1887,462 5743,097 50,774,125 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contiag. liab. on acceptances purchased for foreign correspondents F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. Eligible paper U. S. Govt, securities Total collateral — 341,447 747,593 27,543 235,576 17,269 43,948 3,011 14,194 101,424 208,002 7,319 55,911 21,194 52,301 4,489 15,1557 32,231 66,393 1,006 20.880 15,505 37,594 3,349 15.272 11,5U 29,331 521 10.932 7,361 18,520 1,073 6.795 13,661 27,983 1,137 11.038 18,946 37,508 1,307 10.051 39,890 82,413 2,l4o 24.226 5,634 3,193 2,817 8,889 2,316 1,502 2,379 3,255 7,011 ' 940 FEDERAL RESERVE AGENTS' ACCOUNTS 27,923,224 1657,862 6,578,788 1764,883 2636,155 2213,847 1316,889 5357,192 1248,049 514,658 1090,307 764,597 2779,997 62,605 3,631 2/ 17,596 4,382 12,026,000 580,000 3,170,000 640,000 1130,000 945,000 400,000 2500,000 450,000 130,000 300,000 283,000 1500,000 — — 5,595 ----14,225 — 81,272 — 101,092 16,995,000 1150,000 3,600,000 1200,000 1550,000 1350,000 1000,000 3000,000 875,000 425,000 820,000 525,000 1500,000 29,124,092 1730,000 6,770,000 1845,595 2680,000 2295,000 1400,000 5500,000 1339,225 555,000 1201,272 808,000 3000,000 $45,009,000 participations of other Federal Reserve Banks, 46,076 110,421 1,429 37.781 52,126,284 2874,512 13,024,993 3054,738 4631,823 3440,850 2591,516 9210,453 2168,401 1077.043 2204.915 1955,274 5891.766 — 2/ After deducting 16,379 33,179 762 12.939
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