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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release November 28, 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 26 increased $291 million to $18,631 million. Estimated required reserves increased $293 million; and estimated excess reserves decreased $2 million to $465 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $37 million, compared with $16 million the week before• The principal changes supplying average reserves were increases of $186 million in U. S. Government securities bought outright and $137 million held under repurchase agreement, and a decrease of $73 million in foreign deposits with Federal Reserve Banks, The principal offsetting changes were a decrease of $6^ million in gold stock and an increase of $71 million in money in circulation. Total Reserve Bank credit increased $312 million. As of Wednesday, November 26, holdings of U. S. Government securities bought outright were $262 million higher than a week earlier, U. S, Government securities held under repurchase agreement were $86 million higher, and member bank borrowings were $489 million higher. Holdings of U. S. Government securities included $7,858 million of certificates maturing December 1 which have been tendered for exchange on that date for $2,858 million of the new issue of notes maturing May 15, 1961, and for $5,000 million of the new issue of certificates maturing November 15, 1959. Member tank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities— Bought outright--System account Held under repurchase agreement Acceptancea-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 P. 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. 27, Nov. 26, Nov. 19, Nov. 26, 1958 1958 1958 1957 (1Cn millions of dollars) 25,578 156 36 +186 +137 + + + 2 - - +2 ,411 5 - 428 2 1,199 27,399 20,616 5,225 53,240 - 23 -» — + 11 +312 - 64 — - 17 1 344 4 10 +2,074 -2,146 25,662 133 34 - - 1,047 2 980 27,858 20,609 — "• + 86 +248 + 14 53,692 31,825 686 455 243 337 + 71 - 6 + 394 32,015 476 - 11 4- 34,609 - 43 + 14 58 43 33 18,631 18,166 465 +291 +293 - 2 1,063 - - 20 - - 73 - 4 + • - - 4- 108 291 276 295 19 5,225 684 215 336 1,035 3^63 18,929 18,219 710 On November 26, 1958, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,829 million, an increase of $8 million for the week and an increase of $29 million from the comparable date a year ago. H.4.1(a) STATEMENT OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Nov. 27, Nov. 19, 1957 Nov. 26, 1958 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances—"bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 19,108,894 910,479 20,019,373 288,079 330,973 1,048,534 337 34,329 1,661,150 21,507,291 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES • + -2,100,497 + 47,330 -2,053,167 - - + — — + 1,000 + 261,500 — — + 23,393 16,835 441,323 212 14,259 +1 ,044,477 +1,573,679 — — + 2,483,771 — — - 10,000 317,979 + + + 261,500 85,800 347,300 +2,310,177 132,800 25,795,012 26,878,212 + 837,251 +2,674,147 + 263,141 270,395 85,514 101,978 15,116 238,815 621,828 736 146,911 + + 189,886 46,489 68,240 158,374 326,509 324,409 2,180 916,239 343 + 1/+ 28,254 174,822 + 27,504,168 + 18,929,311 + + 336,256 19,956,845 4,304,092 25,078 51,790,183 358,123 809,195 194,769 53,152,270 - + - + - + —«•> - + + + 235,366 - - 91,400 + + + 913,263 7 11,570 174,822 —•» • • +2,218,777: 3 369,043 9,937 7,235 952,500 15 5,283,939 93,345 258,334 53,152,270 476,062 215,216 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS - 67,000 16,896 50,104 37,262 23,021 488,951 10,000 25,662,212 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS + ~ - + + + + + 16,463 34,059 14,261 952,500 Ratio of gold certificate reserves to deposit 4.9$ 42.2% .51o and F. R. note liabilities combined Contingent liability on acceptances purchased + 8,552 548 + 75,171 for foreign correspondents 147 1,015 Industrial loan commitments 011 1/ Net change after elimination of Sec. 13b surplus of $27,543,000 Sept. 2, 1958. ~ MATURITY DISTRIBUTION OF LOANS AND SECURITIES. NOVEMBER 26, 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 1,040,524 8,010 1,048,534 Industrial loans 195 29 46 67 337 Acceptances 5,050 29,279 34,329 U. 8. Government securities 8,293,725 6,864,783 8,142,733 1,023,614 83,910 : 1,366,247 25,795,012 H.4.1(b) Total 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. Govt, securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH NOVEMBER 26, 1958 PhilaSt. CleveBoston New York Richmond Atlanta Chicago delphia land Louis (In thousands of dollars) 19,108,894 937,292 910,479 56,143 20,019,373 993,435 288,079 330,973 15,070 22,258 67,169 62,207 19,310 19,608 9,576 29,429 28,717 1,048,534 337 21,474 327 250,566 62,235 168,320 66,066 34,329 4,921,680 1021,772 1496,876 1113,160 190,495 58,924 84,492 5,112,175 1080,696 1581,368 1191,154 - - - - - 19,626 764,682 Kansas City 460,223 761,013 Dallas San Francisco 794,819 2491,164 43,896 21,668 41,696 922,793 3644,287 808,578 481,891 802,709 45,088 26,101 9,220 10,068 8,708 24,564 21,473 7,527 12,569 19,905 14,933 29,147 58,572 82,093 190,986 20,398 10,976 10 96,756 10,218 68,446 57,440 163,427 - - — " 28,980 85,324 823,799 2576,488 38,207 - - - • 34,329 1,661,150 90,446 418,889 95,^91 147,053 21,507,291 1171,029 5,423,450 1236,325 1903,933 10,000 545 2,523 574 885 2,483,771 135,236 626,327 142,777 219,876 25,662,212 1397,256 6,471,189 1475,167 2271,747 132,800 77,994 865,353 3480,860 Minneapolis -— 132 pSCO ~- 108,127 84,525 290,169 1399,953 1094,355 3756,894 67,764 677,368 409 508 1,747 651 161,674 126,382 433,865 101,323 l670,"405 1305,770 4482,675 1046,864 34,946 70,902 452,449 210 917,996 427 65,070 187,768 842,462 2431,077 391 1,130 52,251 106,015 97,292 280,753 539,856 1095,340 1005,215 2900,728 -- Total U. S. Govt, sees. 25,795,012 1397,256 6 , 6 0 3 , 9 8 9 1475,167 2271,747 1670,405 1305,770 4482,675 1046,864 539,856 1095,340 1005,215 2900,728 Total loans & securities 26,878,212 1419,057 6,888,884 1537,402 2440,067 1736,471 1387,863 4673,661 1067,262 550,842 1192,096 1015,433 2969,174 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 15 5,283,939 93,345 258,334 1 374,856 4,630 14,162 1 / 4 1,021,100 10,551 64,617 l 350,573 4,268 14,524 1 499,629 9,955 23,178 16,887 1 398,395 2 811,764 1 238,872 11,349 6,856 13,404 44,064 10,376 9,144 2/ 1 149,217 277,261 5,211 5,392 4,871 11,667 1 1 253,645 498,691 7,766 10.402 12,102 29,461 53,152,270 2843,469 13,226,707 3026,382 4593,203 3409,434 2801,252 9269,800 2162,638 1210,148 2310,082 2145,884 6153,271 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. 1 409,936 6,642 E.4.1(c) Total L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S. 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 BANK ON NOVEMBER 26, 1958 PhilaCleveSt. Boston New York Richmond Atlanta Chicago delphia land Louis (In thousands of dollars) Minneapolis Kansas City Dallas San Francisc< 27,504,168 1609,435 6,430,926 1717,790 2532,854 2128,225 1413,412 5265,965 1218,564 579,385 1086,972 778,402 2742,238 18,929,311 476,062 215,216 336,256 19,956,845 4,304,092 764,826 5,301,083 872,241 1469,518 818,909 939,164 3020,871 677,303 445,899 892,474 1036,804 2690,219 30,252 60,952 33,410 42,068 35,421 31,229 54,636 25,059 24,167 49,350 32,562 56,956 12,255 1/60,846 14,835 19,135 10,965 9,675 30,745 7,955 5,160 8,385 11,180 24,o8o 407 282,386 3,818 925 2,091 1.423 861 1.291 398 764 1,127 49x161 807,740 5,705,267 924,304 1531,646 867,386 981,491 3107,113 711,608 475,624 950,973 1081,673 2812,020 347,772 711,251 291,996 403,412 341,992 340,200 692,056 178,532 120,481 216,551 214,847 445,002 25,078 1,117 6,320 1,212 2,724 1,331 1,326 3,727 966 855 1,113 1,314 3,073 51,790,183 2766,064 12,853,764 2935,302 4470,636 3338,934 2736,429 9068,861 2109,670 1176,345 2255,609 2076,236 6002,333 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. 358,123 809,195 194,769 18,029 47,148 12,228 103,845 223,530 45,568 21,817 56,214 13,049 33,556 71,541 17,470 16,200 41,165 13,135 18,138 36,198 10,487 49,283 121,515 30,141 12,121 31,560 9,287 8,295 19,761 5,747 14,692 30,524 9,257 20,164 40,926 8,558 41,983 89,113 19,842 53,152,270 2843,469 13,226,707 3026,382 4593,203 3409,434 2801,252 9269,800 2162,638 1210,148 2310,082 2145,884 6153,271 75,171 1,015 4,287 2/21,177 5,189 6,693 75 3,835 3,384 10,754 2,782 1,805 2,933 940 3,910 8,422 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 28,473,795 1660,219 Collat. for F. R. notes: Gold certificate acct. 11,233,000 600,000 178,830 Eligible paper 18,070,000 1150,000 U. S. Govt, securities Total collateral 29,481,830 1750,000 l/ After deducting $154,370,000 participations 2/ After deducting $53,994,000 participations 6,675,628 1780,715 2589,260 2196,565 1474,261 5400,467 1272,773 594,298 1120,333 835,405 2873,871 3,120,000 640,000 920,000 775,000 425,000 2200,000 430,000 200,000 300,000 323,000 1300,000 —— 62,145 —— —— —— —— 20,350 96,335 3,800,000 1200,000 1700,000 1450,000 1100,000 3300,000 900,000 425,000 820,000 525,000 1700,000 6,920,000 1902,145 2620,000 2225,000 1525,000 5500,000 1350,350 of other Federal Reserve Banks, of other Federal Reserve Banks. 625,000 1216,335 848,000 3000,000
@FedFRASER