The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
H.4,1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release October 10, 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 October 9 increased $155 million to $19,189 million. Estimated required reserves decreased $4l million; and estimated excess reserves increased $196 million to $589 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $414 million, compared with $542 million the week before. The principal changes supplying average reserves were increases of $l8l million in U. S. Government securities held under repurchase agreement and $18 million bought outright, $68 million in member bank borrowings, and $13 million in gold stock. The principal offsetting changes were increases of $91 million in money in circulation and $17 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $259 million. As of Wednesday, October 9; holdings of U. S. Government securities bought outright were unchanged from a week earlier, U. S. Government securities held under repurchase agreement were only $100,000 higher, and member bank borrowings were $11 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 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 October 2, 19571 Oct. 10, 1956 October 9, 1957 (In millions of dollars) 23,312 233 + 18 +181 - 17 - - 1,003 7 991 25,563 22,646 5,127 53,336 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) 31,129 774 498 373 260 1,112 34,147 Member bank reserves-Required reserves (estimated) Excess reserves (estimated) 19,189 18,600 589 -454 +159 + 68 - 9 +259 + 13 + l +273 + 91 - 2 + 5 + 17 + 7 - — +119 +155 - 4l +196 2 * +146 + 6 + 1 +740 + 81 +678 +249 + 4 + 9 - 32 + 33 +154 +4l8 +260 +278 - 18 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 22,655 Treasury cash holdings 786 Treasury currency outstanding 5,127 Member bank) - Required (est.) 18,548 Money in circulation 31,145 reserves ) - Excess (est.) 144 On October 9, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,454 million, an increase of $24 million for the week and a decrease of $266 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) October 9, 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 U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. 8. Government securities 21,106,393 21,958,352 377,507 367,275 684,155 Change since October 2, October 10, . + + • 611 + + 16,873 - 7,001 10,239 3,238 39,000 21,578 10,538 12 5 2,801,750 23,312,335 148,300 23.^60*635 + + 100 100 24,162,274 + 10,645 12 4,493,131 82,355 15&505 51,600,721 1 I A B I L III 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 26,852,721 18,691,915 504,020 336,766 253,468 19,786,1^9 3,608,532 20,366 50,267,788 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 + - 520,997 116,300 404,697 10 - + + - 526,074 208 15,711 556,860 + 301,985 10 71,142 11,314 135,573 468,782 + 32,696 + 220,846 •f 177,684 56,141 + + + + + + + 103,423 78,567 33,549 43,524 172,015 46,870 481 440,212 + + 18,833 53,981 + 44,244 468,782 + 1,2# - + + * - - + - 30,686 6,114 158,343 447,177 1,915 570,909 206 ,13,843 556,860 47.1^ + 71,333 746 2,078 - - 338,703 747,593 27,543 219,094 51,600,721 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - 732,999 2,162 735,161 62,745 25,988 105,094 304 367,997 +9 ,000,913 -9,153,913 576,973 19,933,612 Total loans and securities Due from foreign tanks Uncollected cash items Bank premises Other assets TOTAL ASSETS + + + + + + + - 3,326 PPO - - - ! m MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 9, 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 674,538 9,617 Industrial loans 69 293 87 Acceptances 4,281 12,592 162 684,155 m 16,873 U. S. Government securities 157,100 8,425,738 12,088,540 680,635 750,375 1.358,m 23,460^635 E.4.1(b) Total STATEMENT OF CONDITION CP EACH FEDERAL RESERVE BANK OH OCTOBER 9, 1957 St. Phila- CleveRichmond Atlanta Chicago Boston I New York Louie land delphla (In thousands of dollars) Minneapolis Kansas City San Francisco Dallas A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 1,106,393 852,269 1041,866 5,695,962 1149,125 1872,322 1421,812 815,978 3736,898 862,892 359,967 832,055 754,179 2563,337 55.091 177.215 58.565 76,322 79,129 47,769 148,933 41,875 22.334 41.992 26,898 76.146 21,958,662 1096,957 5,873,177 1207,690 1948,644 1500,941 863,747 3885,831 904,767 382,301 874,047 781,077 2639,483 F.R. notes of other Banks Other cash 377,507 367,275 34,285 22,363 74,821 84,542 48,421 22,756 23,770 26,964 22,661 21,687 62,354 30,265 25,871 55,988 17,375 14,692 7,969 9,478 10,801 20,475 14,524 32,619 52,041 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 684,155 611 10,457 49,752 29,818 273 142,625 27,732 49,992 269,513 10,156 17,196 46,682 22,754 7,478 310 16,873 152.824 23,312,335 1271,595 23,460,635 1271,595 Dotal loans & securities 24,162,274 TOTAL ASSETS 12 4,493,131 82,355 159,505 144,290 33,679 50,680 36,865 29,885 100,711 23,861 12,451 24,771 22,611 65,697 4,985,018 1163,585 1750,929 1273,618 1032,502 3479,432 824,355 430,167 855,809 781,178 2269,720 700.664 163.547 246.100 5,829,972 1360,811 2047,709 145. IP? 489.048 115.866 1489,495 1207,509 4069,191 964,082 5,978,272 1360,811 2047,709 1489,495 1207,509 4069,191 6^4,6? 1?0,?88 503,080 1000,868 109,798 319,019, 913,587 2654,436 964,082 503,080 1000,868 913.587 2654.436 1282,362 6,044,897 1390,902 2190,334 1517,227 1257,501 4338,704 974,238 520,304 1047,550 936,341 2661,914 1 356,329 5,084 8,807 1/3 8047916 1 1 1 1 2 38,847 8,926 14,211 10.089 8,213 29,301 2/ 2/ 2/ 1 1 275,005 368,018 377,509 348,103 746,755 205,%09 133,il5 223,970 199,662 454,040 10,564 4,580 9,424 7,128 6,045 6,791 5,765 5,082 4,864 6,062 10,966 6,377 3,434 6.714 6,952 12*634. 51,600,721 2806,188 12,931,767 2958,281 4581,366 3457,243 2576,229 9089,243 2121,991 1067,197 2177,424 1965,094 5868,698 l/ After deducting $9,000 participations of other Federal Reserve Banks. 2/ Less than $500. 17Q.01P 148,300 148,300 Total U. S. GOvt. sees. Due from foreign banks Uncollected cash items Bank premises Other assets 28 16,873 31,472 576,973 1087,299 19,933,612 2.801.750 8,060 STATEMENT OF CONDITION OF EACH FEDERA] RESERVE BANK ON OCTOBER 9 1957 CleveSt. Boston | New York Richmond Atlanta Chicago land Louis H.4.l(d Total Minneapolis Kansas City Dallas San Franciscc 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 acer-aed dividends LIABILITIES 26,852,721 1588,050 6,299,610 1676,998 2556,688 2164,i4l 1247,173 5226,273 1195,448 459,992 1062,394 717,169 2658,785 18,691,915 504,020 336,766 253,468 19,706,169 803,848 34,817 19,430 368 050,463 3,608,532 280,998 5,345,498 78,869 1/ 95,901 195,192 5,715,460 893,791 1522,718 843,150 911,248 2944,804 671,974 429,233 830,753 954,424 2540,474 40,505 36,066 49,974 41,840 59,949 24,269 21,610 36,799 29,169 50,153 23,450 30,150 17,085 15,075 47,570 12,395 8,040 12,730 17,420 37,520 9,325 1,393 3,733 2,143 1,707 760 188 833 2,431 351 967,071 1590,327 913,942 970,306 3054,030 709,398 459,071 881,115 1003,444 2663,542 m 544,041 220,688 312,842 307,4o6 295,795 613,042 164,840 114,212 180,057 176,484 398,127 5,880 20,366 1,025 858 3,449 959 2,526 1,050 702 826 1.674 695 722 50,267,700 2728,536 12,564,991 2865,716 4462,383 3386,539 2514,132 8896,794 2070,381 1033,977 2124,288 1897,923 5722,128 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Costing, liab. on acceptances purchased for foreign correspondents Industrial loan commit. 17,200 338,703 747,593 27,543 219,094 208,002 13,493 51,885 3,011 7,319 32,160 21,152 52,301 66,393 14,623 19,424 4,489 1,006 15,434 37,594 3,349 14,327 16,274 33,179 45,960 110,421 762 1,429 11,882 34,639 11,454 29,331 18,520 10,304 6,282 521 7,345 1,073 13,615 27,983 1,137 10,401 18,916 37,508 1,307 9,440 39,623 82,413 2,140 22,394 51,600,721 2806,188 12,931,767 2958,281 4581,366 3457,243 2576,229 9089,243 2121,991 1067,197 2177,424 1965,094 5868,698 4,135 2/ 20,069 71,333 746 F. R. notes outstanding 27,800,861 1658,548 Collat. for F. R. notes: Gold certificate acct. 11,978,000 580,000 Eligible paper 85,712 U. S. Govt, securities 16,995,000 1150,000 Total collateral 29,058,712 1730,000 1:/ After deducting $240,865,000 participations -2/ After deducting $51,264,060 participations http://fraser.stlouisfed.org/ Federal Reserve Bank A. of St. Louis 99,570 43,948 s « 4,991 6 6,417 68 3,636 3,208 10,125 72 2,638 FEDERAL RESERVE AGENTS' ACCOUNTS 6,521,073 1755,269 2626,115 2223,383 1299,692 5323,649 1238,174 1,711 2,709 600 517,882 1088,197 3,708 7,986 765,966 2782,913 3,170,000 640,000 1130,000 895,000 4oo,ooo 2500,000 450,000 130,000 300,000 283,000 1500,000 -29,362 ----9,915 -46,435 — 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 1869,362 2680,000 2245,000 1400,000 5500.000 1334,915 of other Federal Reserve Banks. of other Federal Reserve Banks. 555.000 1166,435 808.000 3000.000
@FedFRASER