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BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM
a.4.1
For Immediate Release
November 7, 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 6 increased $126 million to $ 1 8 , 9 6 3 million. Estimated required reserves
increased $54 million; and estimated excess reserves increased $72 million to
$423 million. Member bank borrowings at the Federal Reserve Banks exceeded excess
reserves by $394 million, compared with $352 million the week before.
The principal changes supplying average reserves were increases of $246
million in Federal Reserve holdings of U. S. Government securities, $114 million
in member bank borrowings, and $ 3 6 million in gold stock, and a decrease of $57
million in Treasury deposits with Federal Reserve Banks. The principal offsetting
changes were a decrease of $108 million in Federal Reserve float, and increases of
$106 million in money in circulation, $ 6 2 million in "other" deposits with Federal
Reserve Banks, and $49 million in foreign deposits with Federal Reserve Banks.
Total Reserve Bank credit increased $253 million.
As of
bought outright
securities held
bank borrowings
Wednesday, November 6, holdings of U. S. Government securities
were $159 million higher than a week earlier, U. S. Government
under repurchase agreement were $ 1 7 6 million higher, and member
were $ 9 8 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
Acceptances-Bought outright
Held under repurchase agreement
Loans, discounts, and advances—
Member bank borrowings
Other
Float
Total Reserve Bank credit
Gold stock
Treasury currency outstanding
Averages of daily figures
Change from week ending
For week ending
Oct. 30, 1957 I Nov. 7, 1956
Nov. 6, 1957
(In millions of dollars)
23,256
185
*
17
817
7
943
25,225
22,707
5,135
53,067
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)
31,114^
792
461
367
313
1,056
34,104
Member bank reserves-Required reserves (estimated)
Excess reserves (estimated)
* Less than $500,000.
18,963
18,540
423
+ 77
+169
+
*
1
+114
— <W
-108
+253
+ 36
-510
+127
-
3
4
- 11
+ 6
-l4l
-537
+798
+ 81
+292
+553
+106
+151
+ 11
+ 6
- 57
+ 49
+ 62
- 1
+166
+126
+ 72
- 40
+ 83
- 32
+209
+363
- 41
+ 97
-138
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
22,710
Treasury cash holdings
800
Treasury currency outstanding
5,136
Member bank) - Required (est.) 18,481
Money in circulation
31,161
reserves ) - Excess
(est.)
233
On November 6, 1957, U. S. Government securities held in custody by the
Federal Reserve Banks for foreign account were $3,780 million, an increase of
$32 million for the week and an increase of $50 million from the comparable date
a year ago.
H.4.1(a)
STATEMENT # CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(In thousands of dollars)
A 8 S I T a
Gold certificate account
Redemption fund for P. 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
Change since
Oct.
1957
Nov,
1957
21,177,392
844,430
22,0217822
+
-
+
+ 800,001
16,878
+
-
+
+
98,365
17
-
+
16,395
+
501
-
-
-
-
—
158,500
596,973
19,933,612
8,778
791,223
91,590
23,390
398,477
286
3,155
6,213
- 313,247
+9,000,913
-9,153,913
2,801,750
23,332,335
237,400
23,569,735
+
+_
+
158,500
176,100
334,600
+ 178,800
24,275,442
+
4,590,583
82,879
221,504
51,928,469
26,894,018
Total loans and securities
Due from foreign banks
Uncollected cash items
Bank premises
Other assets
TOTAL ASSETS
12
18,714,298
417,753
352,786
250,274
19,735,111
3,939,289
&f230
-
466,247
-
287,447
236,753
-
695,578
+
+
+
187,259
178
16,901
41,392
+
231,117
+
119,593
333,204
+
110,954
+
187,441
51,495
40,237
+
+
+
+
+
156,375
17,555
62,938
36,242
112,124
157,199
334
232,850
+
+
20,612
38,386
19,681
+
50,590,6GB
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
31,002
1,907
29,095
37,398
374,617
361,610
688,725
587
—
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
1956
341,236
747,593
27,543
221,449
51.928,469
Ratio of gold certificate reserves to deposit
and F, R. note liabilities combined
Contingent liability on acceptances purchased
for foreign correspondents
Industrial loan commitments
110,437
24,587
2,518
27,622
322
+_
+
13,448
41.392
47.2#
65,623
1,134
3,879
22
+
10
11,065
53,981
+_ 25,761
+ 333,204
+
1.6#
+
-
13,169
1.095
MATURITY DISTRIBUTION OF LOANS AND SECURITIES. NOVEMBER 6, 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
Over 10 years
Total
Discounts and
advances
680,110
8,615
Industrial
Acceptances
loans
5,215
76
280
87
11,180
144
WSPf25
157395
U. S. Government
securities
399,150
8,292,788
12,088,540
680,635
750,375
1,358,247
23,569,735
STATEMENT OF CONDIT]CON OF EACH FEDERAL RESERVE BANK ON NOVEMBER 6, 1957
St.
PhilaBoston
Atlanta |Chicago
New York
Louis
delphia
of dollars)
il
I
H.4.1(h)
Total
A S S E T S
Gold certificate account
Redemption fund for
P. R. notes
Total gold certificate
reserves
Kansas
City
Dallas
San
Francisco
789,764
3761,176
862,548
76,975
47,419
148,199
41,678
22,271
41,835
1240,230 2005,043 1481,529
837,183
3909,375
904,226
376,255
822,627
61,263
26,231
59,389
7,626
18,376
15,887
10,520
7,280
11,342
20,198
14,628
28,176
68,068 236,243
18,891
12,356
109,550
15,323
26,978
32,562
596,973
19,933,612 1087,299
149,292
34,846
52,437
38,143
30,921 104,202
4,985,018 1163,585 1750,929 1273,618 1032,502 3479,432
24,688
824,355
12,883
430,167
25,630
855,009
781,178 2269,720
23,395
67,974
2,801,750 152^824
23,332,335 1272,685
700^664 163,547 246,100 179,012 145,122 489%048
5,834,974 1361,978 2049,466 1490,773 1208,545 4072,682
115^866
964,909
60,462 120,288
503,512 1001,727
109,798 319,019
914,371 2656,713
5,693,898
1182,351
54,678
175,392
57,879
22,021,822 1122,815
5,869,290
21,177,392 1068,137
844,430
1929,415 1404,554
75,628
F.R. notes of other Banks
Other cash
374,617
361,610
37,777
22,517
75,980
76,518
42,001
21,963
25,578
26,788
23,564
Discounts and advances
Industrial loans
AcceptancesBought outright
U. S» Govt, securities:
"—Bought outrightBills
Certificates
JJotes
Bonds
Total
Held under repurchase
agreement
688,725
587
15,752
301
40,477
11,435
104,885
28,767
Total U. S. Govt. sees.
Minneapolis
260
26,620
27,491
353,984 780,792 771,235 2579,538
26
26,755
75,721
797,990 2655,259
48,514
16,395
16,395
237,400
237,400
—
1361,978
—
—
—
23,569,735
1272,685
6,072,374
2049,466 1490,773 1208,545 4072,682
964,909
503,512 1001,727
914,371
2656,713
24,275,442
1288,738
6,129,246 1373,673 2154,351 1519,540 1276,613 4308,925
983,800
515,894 1111,277
929,694
2683,691
2
1
752,194
370,718
6,749
6,199
40,150
11,412
207,124
5,846
8,866
, 2/
134,399
5,087
4,677
1
204,783
6,187
9,221
1
443,173
11,009
26,422
1063,019 2189,280 1982,702
5896,245
-
Total loans & securities
12
Due from foreign banks
Uncollected cash items
Tank premises
•Other assets
4,590,583
82,879
221,504
TOTAL ASSETS
51,928,469
1
422,423
9,560
19,560
1
376,810
7,092
13,825
2 8 5 7 , 6 1 0 13,009,005 2 9 8 8 , 2 6 4 4663,304
3448,981
1
368,754
1/3
793,567
11,958
53,775
5,050
10,626
1
293,416
4,558
12,422
1/ After deducting $9,000 participations of other Federal Reserve Banks.
2/ Less than $500.
A
2590,880
2/
9103,015 2136,164
§/
222,622
4,916
9,216
5.4.1(c)
Total
L I A B I L I T I E S
Federal Reserve notes
Deposits:
Member hank 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 6, 1957
St.
Phila- CleveIRichmond Atlanta Chicago
Boston
New York
delphia
land
.
Louis
(In thousands of dollars)
26,894,018 1587,273 6,327,477
1681,781
2558,321 2165,546 1256,804 5231,242 1200,095
Minneapolis
Kansas
City
San
Dallas Francisco
458,657 1060,623 718,253 2647,946
18,714,298 842,992 5,218,758 847,946 1569,991 814,153 911,516 2979,899 684,815 421,433 8 6 0 , 5 9 8 9 6 0 , 2 0 9 2 6 0 1 , 9 8 8
38,041 25,397 42,232 1 8 , 3 8 9
37,703
38,492
27,910
76,756
26,143
35,729
27,371 23,590
417,753
8,160 12,920 17,680 38,080
1 9 , 7 2 0 1 / 1 0 8 , 3 2 6 2 3 , 8 0 0 3 0 , 6 0 0 17,340 15,300 48,280 12,580
352,786
2.781
1.980
1.008
1.669
365 ~ 192.402
9.619
971
954
844
2,550
35,131
250.274
19,735,111 8 9 0 , 9 8 7 5,556,242 907,508 1637,291 872,315 954,193 3071,419 717,453 457,918 897,952 1016,142 2713,691
3,939,289
300,663
968
22.230
2779,891
50,590,648
709,316 305,149 345,666 339,132 316,639 6 0 3 , 8 5 5
166,189
112,375
739
6ll
1029,561
7,360
18,520
1,073
6.505
6.810
1.083
2.850
1.075
925
3.373
101,424
21,194
52,301
4,489
14.759
32,184
66,393
15,504
37,594
3,349
14.466
16,316
46,059
11,481
33,179 110,421
762
1,429
12.062
35.217
29,331
12,639,845 2895,521 4544,128 3378,068 2528,561 8909,889 2084,476
176,728 178,127
385,450
779
899
2,118
13,658
18,913
37,508
1,307
9.553
39,889
82,413
2,l40
2136,082 1915,421 5749,205
CAPITAL ACCOUNTS
Capital paid in
Surplus {Section 7)
Surplus (Section 13b)
Other capital accounts
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
Conting. liab. on acceptances purchased for
foreign correspondents
Industrial loan commit.
341,236
747,593
27,543
221.449
17,254
43,948
51.928,469
2857.610
65,623
1,134
3,011
7,319
52.415
13.506
—
1,006
19.593
521
10.355
27,983
1,137
10.420
22.598
13.009.005 2988.264 4663.304 3448.981 2590.880 9103.015 2136.164 1C63.019 2 1 8 9 . 2 8 0 1982.702 5896.245
3,840 2/ 18,026
~
—
4,634
5,958
19
108
3,376
2,979
9,400
67
2,449
1,589
2,516
940
3,442
7,4l4
FEDERAL RESERVE AGENTS' ACCOUNTS
27,813,923 1655,31b 6,541,304 1755,536 2626,446 2215,512 1305,502 5338,409 1247,672 515,489 1082,818 761,736 2768,183
F. R. notes outstanding
Collat. for F. R. notes:
Gold certificate acct. 12,028,000 580,000
Eligible paper
138,933
U. S. Govt, securities 16.995.000 1150.000
Total collateral
29.l6l.933 1730.000
l/ After deducting $244,460,000 participations
2/ After deducting $47,597,000 participations
208,002
3 , 1 7 0 , 0 0 0 6 4 0 , 0 0 0 1 1 3 0 , 0 0 0 9 4 5 , 0 0 0 400,000 2 5 0 0 , 0 0 0 4 5 0 , 0 0 0 1 3 0 , 0 0 0 3 0 0 , 0 0 0 2 8 3 , 0 0 0 1 5 0 0 , 0 0 0
—10,980
——
-•
——
—— 1 8 , 6 5 0
—109,303
—
-—
3.600.000 1200.000 1550.000 1350.000 1000.000 3000.000 875.000 425.000 820.000 525.000 1500.000
6.770.000 1850.980 2680.000 2295.000 1400.000 5500.000 1343.650 555.000 1229.303 808.000 3000.000
of other Federal Reserve Banks.
of other Federal Reserve Banks..
@FedFRASER