The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD bfe GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release October 22, 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 bank reserves for the week ended October 21 increased $178 million to $18,679 million. Estimated required reserves increased $164 million; and estimated excess reserves increased $14 million to $489 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $330 million, compared with $573 million the week before. The principal changes supplying average reserves were an increase of $46l million in Federal Reserve float and decreases of $70 million in money in circulation, $120 million in "other" deposits with Federal Reserve Banks, and $32 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $229 million in member bank borrowings, $l6l million in U. S. Government securities bought outright and $74 million held under repurchase agreement, and an increase of $44 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $3 million. As of bought outright securities held borrowings were Wednesday, October 21, holdings of U. S. Government securities were $199 million lower than a week earlier, U. S. Government under repurchase agreement were $35 million lower, and member bank $4ll 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 Week ended Change from week ended Wednesday, October 21, October 14, October 22, October 21, 1959 1959 1958 1959 (][n millions of dollars) 26,402 -21 -l6l - 74 - 2 +1,160 - 26,364 — - - 12 21 819 5 1,417 28,664 19,488 5,293 53,444 -229 + 2 +461 - 3 - 1 + 3 - 2 + + + 451 4 16 +1,618 -1,236 + 73 + 454 864 6 1,178 28,432 19,487 5,295 53,215 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) 32,026 391 518 294 344 1,193 34,765 - 70 + 4 + 44 - 32 -120 - 4 -179 + 591 290 + 54 14 4" 12 + 76 + 427 31,917 393 503 292 342 1,191 34,638 Member bank reserves-Required reserves (estimated) Excess reserves (estimated) 18,679 18,190 489 +178 +164 + 14 + + 18,577 18,229 348 - - 27 164 - 77 On October 21, 1959, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $4,588 million, an increase of $104 million for the week and an increase of $888 million from the comparable date a year ago. H «4 »l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) ASS 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 Total loans and securities Due from foreign banks Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since October 21, October 14, October 22, 1959 1959 1958 18,245,141 947,338 19,192,479 460,153 374,397 - + + + 869,892 — 3,54l 3; 541 64,220 12,871 413,591 + * + + — 2,362,950 10,506,993 11,010,298 - -- - 26,364,012 27,254,443 15 6,041,832 98,720 273,519 53,695,558 292,4o4 341,613 19,713,963 4,863,888 37,494 52,169,538 C A P IT A L ACCOUNTS Capital paid In" Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 383,746 868,4io 273,864 53,695,558 27,554,193 18,577,123 502,823 ho. 6% 63,082 - + + + + - + + - + - + 199,300 + 1,138,740 -11,000,298 — — +11,000,298 - — — ~ 199,300 35,100 234,400 + 1,138,740 179,693 + 1,238,560 122,976 1,026 18,238 149,531 + + + 537,684 7,637 107,966 + 580,849 - - 1,138,740 mm m. - 65,876 84,534 59,691 548,922 306,991 1,375 132,590 174 — *» 16,767 149,531 72,186 4\ 1,015,889 627,271 + + + 338 10,984 - 111,142 502 - - 2,483,771 26,364,012 972,751 57,674 915,077 77,812 2,913 - + 20,539 LIABILITIES 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 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - + + + 97,591 21,769 4,304 24,984 98,680 378,926 15,690 876,785 + + + 26,463 59,215 53,426 ~ - + - + 1,015,889 - .4% - 2.4% - 1,291 - 2,592 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 21, 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 853,806 15,017 1,069 ---869,892 Acceptances 6,557 13,982 -— 20,539 U. S. Government securities #7,150 6,517,700 11,405,093 g 523 m g ' 410* 385 1,059/772 26,364,012 Total A S S E T S STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 21, 1959 PhilaCleveSt. Boston New York Richmond Atlanta Chicago Louis delphia land (In thousands of dollars) Minneapolis Kansas City San Dallas Franciscc Gold certificate account 18,245,141 894,906 4,813,716 1018,858 1618,862 1084,626 831,741 3104,479 757,676 346,087 653,945 671,544 2448,701 Redemption fund for F. R. notes 947,338 57,651 43,260 207,657 58,564 84,285 83,576 56,038 174,159 22,861 43,587 30,351 85,349 Total gold certificate reserves 19,192,479 952,557 5,021,373 1077,422 1703,147 1168,202 887,779 3278,638 800,936 368,948 697,532 701,895 2534,050 F.R.. notes of other Banks Other cash 460,153 374,397 43,822 24,815 99,068 67,398 37,194 21,030 23,175 32,394 40,001 24,494 32,045 62,901 11,286 21,459 34,552 9,527 22,606 12,127 19,008 14,957 41,978 50,433 Discounts and advances Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 869,892 9,014 146,346 39,161 73,833 33,144 128,508 249,338 16,921 57,037 71,621 24,531 20,438 Total U. S. Govt. sees. 20,539 55,418 32,862 20,539 2,362,950 128,107 594,641 134,750 204,580 151,436 124,537 4o8,9l4 96,101 53,820 101,855 94,315 269,894 10,506,993 569,637 2,644,106 599,172 909,674 673,373 553,760 1818,256 427,319 239,318 452,904 419,376 1200,098 11,010,298 596,923 2,770,763 627,873 953,250 705,628 580,287 1905,354 447,789 250,782 474,599 439,465 1257,585 2,483,771 134,658 625,046 141,639 215,040 159,180 130,905 429,821 101,015 56,573 107,063 99,137 283.694 26,364,012 1429,325 6,634,556 1503,434 2282,544 1689,617 1389,489 4562, 345 1072, 224 600,493 1136, 421 1052, 293 3011, 2 26,364.012 1429,325 6,634,556 1503,434 2282,544 1689,617 1389.489 4562.345 1072.224 600.493 1136.421 1052.293 3011.271 Total loans & securities 27,254,443 -438,339 6,801,441 1542,595 2356,377 1722,761 1517,997 4811,683 1089,145 657,530 1208,042 1076,824 3031,709 Due from foreign banks Cash items in process of collection Bank premises Other assets TOTAL ASSETS 15 1 1 / 4 1 1 1 2 1 2/ 1 l l 6,041,832 470,477 1,142,002 368,480 504,788 456,809 475,227 962,566 263,799 169,661 309,572 296,282 622,169 98,720 4,394 10,038 4,096 9,282 6,780 9,736 14,393 7,151 5,171 4,664 10,588 12,427 273,519 14,804 68,449 15,240 23,698 17.332 15.517 46.500 10,925 6,174 12.609 11.230 31.04l 53,695,558 2949,209 13,209,773 3066,058 4652,862 3436,380 2994,537 9208,728 2204,702 1251,563 2267,153 2130,785 6323,808 1/ After deducting $11,000 participations of other Federal Rsfipnrp Banks" 2/ than $500. DigitizedLess for FRASER 1 H.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 OCTOBER 21, 1959 PhilaCleveSt. Boston New York Richmond Atlanta Chicago delphia land Louis (In thousands of dollars) ~~ Minneapolis Kansas City Dallas San Francisco 27,554,193 1579,186 6,378,883 1732,638 2517,126 2107,531 1518,499 5256,586 1212,823 605,082 1099,351 803,508 2742,980 18,577,123 834,313 5,201,783 881,799 1489,938 793,042 955,620 2833,183 676,868 431,181 800,002 950,849 2728,545 502,823 41,559 66,036 30,409 48,636 46,355 22,710 54,019 28,977 25,150 42,504 32,782 63,686 292,404 15,015 1/95,844 18,018 24,570 13,650 12,831 4o,4o4 10,101 6,552 10,647 14,196 30,576 341,613 524 281,064 2,328 599 3,154 l,4ll 459 776 623 1,479 1,081 48,115 19,713,963 891,411 5,644,727 932,554 1563,743 856,201 992,572 2928,065 716,722 463,506 854,632 998,908 2870,922 4,863,888 391,373 761,087 299,044 431,562 390,711 407,343 789,415 215,007 144,700 250,164 249,413 534,069 37,494 1,939 9,653 1,949 3,564 2,195 1,903 6,319 1,323 1,146 1,528 1,651 4,324 52,169,538 2863,909 12,794,350 2966,185 4515,995 3356,638 2920,317 8980,385 2145,875 1214,434 2205,675 2053,480 6152,295 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. 383,746 868,410 273,864 18,945 110,331 238,902 66,190 50,116 16,239 22,799 59,607 17,46? 36,068 76,643 24,156 17,194 44,846 17,702 19,772 52,274 39,474 132,159 14,974 43,910 12,755 33,746 12,326 8,730 20,785 7,6l4 15,666 32,935 12,877 22,085 43,436 11,784 47,127 95,761 28,625 53,695,558 2949,209 13,209,773 3066,058 4652,862 3436,380 2994,537 9208,728 2204,702 1251,563 2267,153 2130,785 6323,808 63,082 3,470 2/17,650 4,165 5,679 3,155 2,966 9,339 2,335 1,514 2,46l 3,281 7,067 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 28,614,0571|1653,838 6,691,311 Collat. for F. R. notes: Gold certificate acct. 10,510,000 530,000 2,700,000 Eligible paper 126,894 --U. S. Govt, securities 19,160,000 1200,000 4,100,000 Total collateral 29,796,894 1730,000 6,800,000 —— 2/ After deducting J^a,X WJ. V VJOX.J. J.' 1780,658 2575,521 2169,827 1594,822 5378,300 1259,218 619,250 1132,689 851,268 2907,355 64o,ooo 920,000 700,000 500,000 2000,000 430,000 200,000 300,000 290,000 1300,000 38,785 — — — -- 16,710 -- 71,399 -- 1200,000 1750,000 1550,000 1200,000 3500,000 935,000 450,000 850,000 625,000 1800,000 1878,785 2670,000 2250,000 1700,000 5500,000 1381,710 650,000 1221,399 915,000 3100,000 . U>JL V & XiOJOUO • $4$,432,000 participations of other Federal Reserve Banks•
@FedFRASER