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BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM
H.U.I
For Immediate Release
November 21, 195?
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 20 increased $76 million to $18,987 million. Estimated required reserves
increased $74 million; and estimated excess reserves increased $2 million to
$528 million. Member bank borrowings at the Federal Reserve Banks exceeded excess
reserves by $219 million, compared with $377 million the week before.
The principal changes supplying average reserves were increases of
$433 million in Federal Reserve float and $26 million in gold stock. The principal offsetting changes were decreases of $210 million in Federal Reserve holdings of U. S. Government securities and $156 million in member bank borrowings,
and an increase of $49 million in money in circulation. Total Reserve Bank credit
increased $65 million.
As of
bought outright
securities held
borrowings were
Wednesday, November 20, holdings of U. S. Government securities
were $98 million lower than a week earlier, U. S. Government
under repurchase agreement were $73 million lower, and member bank
$6l0 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
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
For week ending
Change from week ending
Nov. 20, 195? Nov, .13, 1957 I Nov. 21, 1956
(In millions of dollars)
23,282
6
18
--
- 50
-160
---
-677
- 68
-
2
7
747
6
1,430
25,489
22,757
5,137
5373^3
-156
- 2
+433
+ 65
+ 26
+ 1
+ 92
+ 8'r?
+ j
-113
-777
+847
+82
+152
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)
31,336
801
503
315
386
1,054
34,396
+49
+ 6
- 2
- 14
- 21
- 3
+16
+67
+ 30
+ 62
+12
+94
+210
Member bank reservesRequired reserves (estimated)
Excess reserves (estimated)
18,987
18,459
528
+ 76
+ 74
+ 2
-324
-242
- 82
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
22,761
Treasury cash holdings
8o4
Treasury currency outstanding
5,138
Member bank) - Required (est.) l8,46l
Money in circulation
31,315
reserves ) - Excess
(est.)
672
On November 20, 1957, U. S. Government securities held in custody by the
Federal Reserve Banks for foreign account were $3,792 million, a decrease of
million for the week and an increase of $22b million from the comparable date
Digitized$31
for FRASER
a year ago.
H.4.1(a)
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(In thousands of dollars)
Nov. 20,
1957
Change since
Nov, 21,
Nov, 13,
1956
1957
A S S E T S
Gold certificate account
Redemption fund for F. R, notes
Total gold certificate reserves
F. R. notes of other Banks
Other cash
Discounts and advances
Industrial loans
Acceptances:
Bought outright
Held under repurchase agreement
U. S. Government securities:
Bought outright—
Bills
Certificates
Notes
Bonds
Total bought outright
Held under repurchase agreement
Total U, S. Government securities
23,234,835
-
97,500
72,900
170,400
Total loans and securities
Due from foreign banks
Uncollected cash items
Bank premises
Other assets
TOTAL ASSETS
24,307,119
12
5,871,641
83,151
249,899
53,303,274
+
k33,593
21,229,393
843,329
22,0757722
366,409
352,288
1,054,201
51*0
+
f*
+
+
+
+
28,002
1,879
26,123
6,332
7,393
6o4,056
60
17,573
1*99,1*73
19,933,612
97,500
—
2,801,750
23,234, t$S
L I A B I L I T I E S
Federal Reserve noties ~~
Deposits;
Member bank reserves
U. S, Treasurer—general account
Foreign
Other
Total deposits
Deferred availability cash items
Other liabilities and accrued dividends
TOTAL LIABILITIES
-
—
688,77k
210
lli,565
+1,176,990
+
+
+
-
19,133,240
51*1,012
304,178
392,043
20,370,473
1*,535,531*
21,390
51,937,782
769,689
58,773
19,270
55,1*21*
+ 864,616
+ 302,989
112
+1,163,657
311,595
717,593
27,51*3
Ratio of gold certificate reserves to deposit
and F. R. note liabilities combined
Contingent liability on acceptances purchased
for foreign correspondents
Industrial loan commitments
267
3,836
+
+
+
—
3,511
3,857
680,247
+9,000,513
-9,153,913
-
75,000
908,247
1*57,089
10
+ 124,052
+ 10,221
*
114,786
4- 539,564
-
27,010,385
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
17,880
+ 842,121"
+ 108,552
+ 26,503
+ 1*58,793
3
mrnm
—
+ 860,001
148
+
mm
12,553
156,781
+ 11*9,233
4,020
•f 112,991
+ 109,463
+ 310,627
1,606
+ 431,037
+
+
+
13,185
20,553
53,981
33,993
1+6.6$
M
+
1,1%
61,481
1,12k
50
+
-
9,139
1,001
.
1,171
MATURITY DISTRIBUTION OF LOANS AND SECURITIES, *#*. 20, 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
10 years
Digitized Over
for FRASER
Total
Discounts and
advances
1,042,892
11,309
1,054,201
Industrial
loans
242
69
87
142
F%0
Acceptances
375F8
11,885
177^3
U. S. Government
securities
0,059,78B
5,791,750
6,594,040
680,635
750,375
1,358,247
23,234,83*
H. 4. !{.*>)
Total
A S S E T S
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 20, 1957
PhilaCleveSt.
Boston
New York
Richmond Atlanta Chicago
delphia
land
Louis
(la thousands of dollars)
Gold certificate account 21,229,393 979,228 5,827,645 1168,331 1908,668 1348,167 768,928 3772,063 875,053
Redemption fund for
56,456
F. R. notes
47,265 147,820 41,577
843,329
174,427
57,553
76,277
75,785
Total gold certificate
22,072,722 1035,684 6,002,072 1225,884 1984,945 1423,952 816,193 3919,883 916,630
reserves
F.R^ notes of other Banks
Other cash
Discounts and advances
Industrial loans
Acceptances—
Bought outright
U. S. Govt, securities:
Bought outrightBills
»Certificates
Notes
Bonds
Total
Held under repurchase
agreement
352,288
32,397
21,290
78,069
39,321
21,273
1,054,201
540
54,644
293
188,946
22,315
222
366,409
70,063
Minneapolis
Kansas
City
Dallas
348,425
792,345
770,651 2669,889
22,244
41,755
370,669
26,644
San
Francisco
75,526
834,100 797,295 2745,415
24,946
18,887
27,784
23,880
61,355
26,446
24,741
60,328
9,444
20,433
16,422
9,919
8,220
12,111
16,546
12,626
33,223
48,973
116,395
53,456
73,278
301,251
33,004
25,612 109,229
49,605
26,466
25
17,573
17,573
27,244
87,184
20,656 10,779 21,444 19,574 56,872
124,909
29,155
43,872
25,871
31,913
499,473
19,933,612 1087,299 4,985,018 1163,585 1750,929 1273,618 1032,502 3479,432 824,355 430,167 855,809 781,178 2269,720
700,664
60,462
120,288
109,798
Total U. S. Govt, sees.
23,234,835 1267,367 5,810,591 1356,287 2040,901 1484,543 1203,495 4055,664 960,877
501,408
997,541
910,550 2645,611
Total loans & securities
24,307,149 1322,304 6,017,110 1378,824 2157,296 1537,999 1276,773 4356,915
TOTAL ASSETS
12
5,871,644
83,151
249,899
1
510,270
5,050
13,628
163,547
246,100
489,048
115,866
Due from foreign banks
Uncollected cash items
Bank premises
Other assets
2,801,750 152,824
23,234,835 1267,367
1/3
1,084JB82
10,626
61,578
1
1
377,536 559,335
4,558
14,219
9,567
21,929
145,122
319,019
993,881 527,045 1106,770 960,155 2672,077
1
2
2/
2 / 2 /
1
1
453,203 942,640 231,438 151,943 281,932 264,135 576,357
7,060
6,311
6,749
6,032
5,087
4,916
6,243
10,952
15,722 13,003 45,217 10,108
5,346
10,503 10,578 28,068
1
437,973
53,303,274 2940,624 13,324,403 3061,616 4776,906 3474,371 2653,285 9356,475 2187,966 1086,431 2258,552 2067,579 6115,066
1/ After deducting $9,000 participations of other Federal Reserve Banks.
2/ Less than $500.
179,012
5,010,591 1356,207 2040,901 1494,543 1203,495 4055,664 960,077 501,400 997,541 910,550 2645,611
Total
Boat*,
He. Yor* |
" 2 '
l ^ n d
Atla= to | C M = a g 0
^
^
(In thousands of dollars)
L I A B I L I T I E S
Federal Reserve notee
Deposits:
Member bank reserves
U.S.Treas.-gen.acct.
Foreign
Other
Total deposits
27,010,385 1605,502 6,363,506 1696,706 2572,065 2169,245 1258,101 5261,056 1203,426 462,826 1060,216 721,734 2636,002
19,133,240 819,245 5,379,545 889,400 1569,867 810,389 905,627 3063,543 707,337 438,943 857,355 990,395 2701,594
541,012
43,876
74,897
46,952
51,979
43,409
22,942
60,955
27,942
19,425
48,995
38,850 60,790
304,178
17,342
1/89,197
20,930
26,910
15,249
13,455
42,458
11,063
7,176
11,362
15,548
33,488
392.043
343
326,893
10,151
926
2,610
2.132
984
3.459
692
1.569
2.183
40.101
20,370,473 880,806 5,870,532 967,433 1649,682 671,657 944,156 3167,940 749,801 466,236 919,261 1046,976 2835,973
Deferred availability
cash items
Other liabilities and
accrued dividends
TOTAL LIABILITIES
4,535,534
374,265
708,415
302,058
430,929
359,857
386,089 726,064
181,284
122,761
223,824
229,387
490,601
21,390
946
5,927
1,114
2,553
1,072
998
3,290
668
595
816
1,085
2,326
51,937,782 2861,519 12,948,380 2967,311 4655,229 3401,831 2589,344 9158,350 2135,179 1052,418 2204,137 1999,182 5964,902
CAPITAL ACCOUNTS
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
TOTAL LIABILITIES AMD
CAPITAL ACCOUNTS
341,595
747,593
27,543
248,761
F. S. notes outstanding
Collat. for F. R„ notes:
Gold certificate acct.
Eligible paper
U. S. Govt, securities
Total collateral
—
w
101,439
208,002
7,319
59,263
21,195
52,301
4,489
16,320
32,238
66,393
1,006
22.040
15,511
37,594
3,349
16.086
16,412
33,179
762
13.588
46,093
110,421
1,429
40.182
11,511
29,331
521
11.424
7,384
18,520
1,073
7.036
13,666
27,983
18,956
37,508
11.629
10.626
1,137
1,307
39,913
82,413
2,140
25.698
53,303,274 2940,624 13,324,403 306l,6l6 4776,906 3474,371 2653,285 9356.475 2187.966 1086.431 2258,552 2067.579 6115,066
Conting. liab. on acceptances purchased for
foreign correspondents
Industrial loan commit. -
2f After deducting
17,277
43,948
3,011
14,869
v
61,48l
1.171
3,567
——
27,997,391 1664,219
2/17,263
——
4,305
56
5,535
108
3,136
——
2,767
——
8,733
67
2,276
——
FEDERAL RESERVE AGENTS' ACCOUNTS
6,599,855 1764,221 2638,592 2228,705 1322,090 5377,339 1255,826
1,476
——
2,337
940
514,015 1085,925
3,198
——
6,888
——
766,992 2779,612
12,028,000 580,000 3,170,000 640,000 1130,000 945,000 400,000 2500,000 450,000 130,000 300,000 283,000 1500,000
163,750
-••
21,930
**
———
32,800
—109,020
——
—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
29,186,750 1730,000 6,770,000 1861,930 2680,000 2295,000 1400,000 5500,000 1357,800 555,000 1229,020 808,000 3000,000
jvcLj. uo.v -i-J/cfc vjuvjua
uj.
v vuci
X' c u c x a,x x\t-otj. v^» x k u u a o *
$44,218,000 participation© of other Federal Reserve Banks,
JL
@FedFRASER