The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release November 19, 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 tank reserves for the week ended November 18 decreased $77 million to $18,647 million. Estimated required reserves decreased $12 million; and estimated excess reserves decreased $65 million to $430 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $426 million, compared with $413 million the week before. The principal changes reducing average reserves were decreases of $80 million in U. S. Government securities held under repurchase agreement and $52 million in member bank borrowings, and increases of $130 million in money in circulation and $76 million in "other" F. R. accounts (net). The principal offsetting changes were an increase of $218 million in Federal Reserve float and a decrease of $34 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit increased $107 million. As of bought outright securities held bank borrowings Wednesday, November 18, holdings of U. S. Government securities were $28 million lower than a week earlier, U. S. Government under repurchase agreement were $176 million lower, and member were $176 million higher. 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 Week ended Change from week ended Nov. 11, : 1 Nov. 19, Nov. 18, 1 1958 1959 1959 (In millions of dollars) Wednesday Nov. 18, 1959 +1,201 + 90 8 - 26, 574 + +218 +107 - 2 + 2 +107 405 6 23 +1,671 -1,097 + 78 + 652 676 7 1,433 28,715 19,583 5,303 53,601 +130 + - - - 481 278 3 12 21 130 344 32,198 4l6 574 322 355 1,304 35,169 307 317 10 18,432 18,262 170 26,593 109 26 + 19 - 80 856 8 1,165 28,758 19,583 5,303, 53,644 - 52 - - — — + 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) 32,235 4l4 478 304 362 1,204 34,996 + 20 - 9 - 34 + 76 +183 + Member bank reserves-Required reserves (estimated) Excess reserves (estimated) 18,647 18,217 430 - 77 - 12 - 65 + + - + + + - — 26 On November 18, 1959, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $4, 4l8 million, an increase of $29 million for the week and an increase of $597 raiHi on from the comparable date a year ago. H.4.1(a) STATEMENT OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since Nov. 11, NOV. 19; 1958 1959 Nov. 18, 1959 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 18,343,642 952,735 19,296,377 372,602 364,628 - + - + + + 682,966 - - Total loans and securities Due from foreign banks Cash items in process of collection Bank premises Other assets TOTAL ASSETS 5,000 4,894 106 12,992 739 174,087 - + + + - - - 25,543 + 3 2,573,030 10,506,993 11,010,298 2,483,771 26,574,092 - 28,120 - 28,120 26,574,092 - 175,500 203,620 - 29,530 - - — — 832,252 59,152 773,100 47,261 10,634 123,383 337 7,786 + 1,173,380 -11,000,298 +11,000,298 — — 27,282,601 15 6,813,601 99,582 + 1,173,380 - 47,000 1,126,380 + 1,241,640 — — 54,396,386 +1,307,907 + 732 - 159,130 +1,133,604 166,980 L I A B I L I T I E. S FedSral 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 27,761,825 + 18,432,090 574,410 321,534 355,212 19,683,246 5,380,921 40,105 52,866,097 + 381,923 + 82,905 + 1,476 - 561,680 95,376 +1,189,028 + 290 +1,115,833 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 868,4l0 277,294 54,396,386 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - + 36 — - + 17,735 +1,133,604 40.7 $ + .1# 68,880 + 5,476 - - 616,399 6,244 79,784 + 1,069,294 21,891 + 384,585 + + - - 493,023 + + + - + + 226,826 183,862 4,340 3,840 34,784 455,001 15,763 929,003 + 26,805 + 59,215 + 54,271 + 1,069,294 - - 2.0$ 5,743 1,015 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 18, 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 667,533 15,330 103 Acceptances 7,556 17,987 U. S. Government securities 513,610 7,178,623 10,887,790 6,523,912 410,385 25,543 1,059,772 26,574,092 E.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BAUK OK NOVEMBER X8, 1959 CleveSt. PhilaBoston New York Richmond Atlanta Chicago delphia land Louis Total Minneapolis Kansas City Dallas San Francisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves E-R. notes of other Banks Other cash Discounts and advances -Acceptances— .Sought outright U. S. "Govt. securities: Bought outright— Certificates Noshes Bonds "Total S e M under repurchase agreement 18,343,642 932,412 952,735 60,320 4,627,898 1054,952 1560,295 1072,625 206,325 60,049 83,747 82,272 831,992 3221,566 748,190 60,554 173,541 44,568 19,296,377 992,732 4,834,223 1115,001 1644,042 1154,897 892,546 3395,107 792,758 368,704 683,123 22,700 43,436 739,060 2502, 825 30,230 84,993 391,404 726,559 769,290 2587,818 372,602 364,628 26,173 21,938 78,256 62,585 28,500 24,429 18,963 32,912 36,513 20,838 48,299 30,147 26,929 64,539 9,527 20,534 24,468 10,755 18,202 13,174 19,188 14,580 37,584 48,197 682,966 19,819 78,761 23,157 82,093 38,944 119,015 176,016 14,748 43,860 62,955 11,098 12,500 25,543 •» — •» —' — «* mm e» mm mm 25,543 mm mm -»— — — 647,509 146,730 222,768 164,900 135,609 445,269 104,645 2,573,030 139,496 10,506,993 569,637 2,644,106 599,172 909,674 673,373 553,760 1818,256 427,319 11,010,298 596,923 2,770,763 627,873 953,250 705,628 580,287 1905,354 447,789 625,046 141,639 215,040 159,180 130,905 429,821 101,015 2,483,771 134,658 26,574,092 1440,714 6,607,424 1515,414 2300,732 1703,001 1400,5&1 4598,700 1000,768 58,605 110,910 239,318 452,904 250,782 474,599 56,573 107,063 605,270 1145, 476 102,700 293,889 419,376 1200,098 439,465 1257,585 99,137 283,694 1060,670 3035,266 Total U. S. Govt, sees. 26,574,092 l44o,7l4 6,687,424 1515,414 2300,732 1703,081 l4oo,56l 4598,700 1080,768 605,278 1145,476 1060,678 3035,266 Total loans & securities 27,282,601 1460,533 6,791,728 1538,571 2382,825 1742,025 1519,576 4774,716 1095,516 649,138 1208,431 1071,776 3047,766 Due from foreign banks Cash items in process of collection Bank premises Other assets 6,813,601 505,976 1,307,520 427,966 574,248 518,031 542,340 1100,957 308,896 177,727 333,616 318,256 698,068 TOTAL ASSETS 54,396,386 3020,753 13,125,806 3147,730 4676,705 3489,574 3052,475 9405,328 2240,947 1262,412 2312,609 2211,063 6450,984 15 99,582 166,980 1 4,359 9,041 1 / 4 10,010 4l, 480 1 4,074 9,188 1 9,269 14,445 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. 1 6,748 10,521 1 9,702 9,864 2 15,064 28,014 1 7,112 6,603 2/ 5,147 3,773 1 4,650 7,976 1 11,025 6,947 1 12,422 19,128 2.4.1(c) Total L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reserves U.8.Treas.-gen.acct. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES STATEMENT OP CONDITION OF EACH FEDERA , RESERVE BANK ON NOVEMBER iff, 1959 St. ClevePhilaRichmond Atlanta Chicago Boston New York Louis land . delphia (In thousands of dollars) 27,761,825 1587,154 6,489,825 1757,356 2520,269 2104,587 1544,133 5264,787 1228,681 Minneapolis Kansas City 604,178 1106,076 Dallas San Francisco 807,210 2747,569 18,432,090 866,204 4,851,850 888,222 1474,710 819,234 924,841 2917,599 681,602 419,252 826,855 999,625 2762,096 574,410 X a tllo 2 $ 1 ' M 321,534 859 "297,078 1,846 711 2,909 1,054 1,645 838 322 2,515 821 44,6l4 355,212 19,683,246 920,600 5,334,505 942,287 1546,617 894,508 967,904 3045,974 710,339 470,917 879,212 1050,950 2919,433 | 5,380,921 425,712 874,814 346,075 469,053 408,231 463,708 858,707 241,526 148,381 264,054 273,747 606,913 1,955 10,300 2,063 3,558 2,202 1,992 6,619 1,511 1,590 1,646 1,800 4,869 40,105 2935^421 12,709,444 3047,78l 4539,497 3409,520 2977,737 9176,007 2102,057 1225,066 2250,900 2133,707 6270,704 ^ 52,866,097 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AMD CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents 384,585 868,410 277,294 IS 11 IS IS m IS IS ii 11 si 11 54,396,386 3020,753 13,125,806 3147,730 4676,705 3489,574 3052,475 9405,328 2240,947 1262,412 2312,609 2211,063 6450,984 68,880 3.790 2/19.272 4.547 6.201 3.445 3,238 10,197 2,549 1.654 2,687 3,583 7,717_ FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. Eligible paper U. S. Govt, securities Total collateral 28,734,595 1660,003 6,739,258 1809,414 2579,795 2171,235 1609,792 5384,274 1271,139 10,510,000 530,000 2,700,000 640,000 920,000 700,000 500,000 2000,000 430,000 200,000 300,000 290,000 1300,000 22,715 — — — — 14,500 — 62,694 — " 99,909 19,260,000 1200,000 4,200,000 1200,000 1750,000 1550,000 1200,000 3500,000 935,000 450,000 850,000 625,000 1800,000 29,869,909 1730,000 6,900,000 1862,715 2670,000 2250,000 1700,000 5500,000 1379,500 650,000 1212,694 915,000 3100,000 1/ After deducting $228,960,000 part:icipations of other Federal Reserve Banks, 2j After deducting $49,608,000 part:icipations of other Federal Reserve Banks. 615,932 1140,407 056,355 2096,991
@FedFRASER