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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release October 24, 1957 WEEKLY AVERAGES OF MEMBER B A M 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 23 increased $69 million to $19,137 million. Estimated required reserves decreased $4 million; and estimated excess reserves increased $73 million to $552 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $46 million, compared with $506 million the week before. The principal changes supplying average reserves were an increase of $446 million in Federal Reserve float, and decreases of $62 million in money in circulation, $42 million in Treasury deposits with Federal Reserve Banks, and $16 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $387 million in member bank borrowings and $1°4 million in Federal Reserve holdings of U. S. Government securities. Total Reserve Bank credit decreased $44 million. As of bought outright securities held borrowings were Wednesday, October 23, holdings of U. S. Government securities were $31 million lower than a week earlier, U. S. Government under repurchase agreement were $53 million lower, and member bank $56 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 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) Member bank reserves-Required reserves (estimated) Excess reserves (estimated) Averages of daily figures For week ending Change from week ending Oct. 16, 1957 I Oct. 24, 1956 Oct. 23>,.1957 (In millions of dollars) 23,222 45 - 59 - 45 16 2 + 598 7 1,517 25,407 22,665 5,131 53,203 31,129 781 464 317 265 1,109 34,066 19,137 18,585 552 - 1 2 -387 — -m +446 - 44 + 7 + 3 - 33 -514 + 45 - + 3 2 + 34 + 6 - 30 -459 +756 + 83 +379 - 62 +265 + 5 - 42 - 16 + 13 - 1 -102 + 4 - 4l + 24 - 26 +153 +379 + 69 - 4 + 73 + 11 - 11 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 22,668 Treasury cash holdings 786 Treasury currency outstanding 5,131 Member bank) - Required (est.) 18,507 Money in circulation 31*033 reserves ) - Excess (est.) 326 On October 23, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,458 million, a decrease of $39 million for the week and a decrease of $303 million from the comparable date Digitized FRASER a for year ago. H.4.1(a) STATEMENT OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since October 16, October 24, 1956 1957 October 23, 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- S, Government securities 21,136,392 848,788 21,985,180 410,373 376,017 645,622 597 15,890 + 9,998 3,390 - + + + + - 6,608 34,973 6,651 31,100 - — Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve note's ~~ Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 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 - 31,100 53,000 ~BCioo -1,110,987 + 262 15,775 -1,075,110 26,790,985 75,365 340,470 747,593 27,543 245,313 192;862 280 302,147 +9 ,000,913 -9,153,913 - - 455,147 - 455,157 — w m 650,399 + 5,500 58,840 • 24,368 2,949 80,657 933,618 + 1,231 -1,088,409 + + - + 143 « 227,570 10,846 126,761 295,090 255,551 - - + 10 - + 99,434 122,008 25,060 + 39,638 236,020 239,592 1,055 258,068 + 20,221 53,981 • • + - - - + 13,156 -1,075,110 + 37,180 295,090 47.1# + .2 $ + I.636 69,802 1,130 + + 80 + 52,049,318 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 56,666 18,182 2,110 28,392 23,890,344 12 5,114,853 82,702 189,837 52,049,318 18,833,444 484,469 301,789 258,296 19,877,998 3,999,586 19,830 50,688,399 769,000 10,004 75d,99& •* ** - - 23,228,235 - 498 -- 2,801,750 23,225/235 + + + 56,210 4 - 492,873 19,933,612 - >5, , - - 16,387 , 1,30.L MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 23, 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 639,126 6,496 645,622 Industrial Acceptances loans 60 299 87 151 597 6,010 9,880 15,890 U. S. Government securities 59,550 8,290,888 12,088,540 680,635 750,375 1,358,247 23,228,235 H.4.1lb) Total A S S ETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 23. 1957 Phila- CleveSt. Boston New York Richmond Atlanta Chicago delphia land Louis (In thousands of dollars) 21,136,392 1011,013 848,788 58,269 47,603 21,985,180 1065,919 6,090,968 1144,4l6 2016,426 1449,443 851,397 410,373 376,017 Discounts and advances Industrial loans Acceptances-Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 645,622 597 35,421 176,415 88,422 50,328 76,012 803,794 3719,116 78,159 F.R. notes of other Banks Other cash 54,906 5,914,553 1086,147 1940,414 1371,284 148,600 Minneapolis Kansas City Dallas 864,192 352,500 809,079 770,275 2494,025 41,790 22,304 41,931 26,837 San Francisco 75,962 3867,716 905,982 374,804 851,010 797,112 2569,987 20,266 85,120 24,310 25,577 27,014 24,753 23,600 67,657 29,753 26,397 58,408 10,177 19,084 14,503 60,697 56,755 80,410 43,912 46,193 192,643 21,541 22,631 492,873 26,884 19,933,612 1087,299 123,258 28,770 43,293 31,491 25,529 86,032 20,383 4,985,018 1163,585 1750,929 1273,618 1032,502 3479,432 824,355 430,167 2,801,750 152,824 23,228,235 1267,007 700,664 163,547 246,100 179,012 145,122 489,048 5,808,940 1355,902 2040,322 1484,121 1203A53 4054^512 115,866 960^604 60,462 501,265 120.288 997,258 109,798 319.019 910,291 2644,860 Total U. S. Govt, sees. 23,228,235 1267,007 5,808,940 1484,121 1203,153 4054,512 960,604 501,265 997.258 910.291 2644,860 Total loans & securities 23,890,344 1275,215 5,885,527 1412,927 2120,732 1528,033 1249,346 4247,155 982,145 523,922 1054,678 928,976 2681,688 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22,892 7,907 301 15,890 12 5,114,853 82,702 189,837 270 26 11,498 10,930 14,557 35,374 51,341 57,420 18,685 36,828 15,890 1 414,983 5,084 10.441 1/3 905,873 10,648 46.581 1355*902 2040,322 1 1 4,558 10,627 9,440 16.586 302,842 456,298 -1 414,993 7,129 12,023 1 394,982 6,208 9,801 2 2/ 871,859 218,902 6,791 5,852 34,776 7.578 10,636 21,161 855,809 2 / 2 / 149,254 5,090 4.112 251,237 4,930 7.956 19,315 781,178 1 56,121 2269,720 1 252,436. 481,194 6,063 10,909 8.313 21.043 52,049,318 2829,956 13,113,142 2950,009 4672,074 3459,975 2609,145 9113,104 2149,720 1080,693 2192,239 2027,724 5851,537 1/ After deducting $9,000 participations of other Federal Reserve Banks. 2/ Less than $500, 9,008 8.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 23, 1957 Total Boston New York ^ 1 % : 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 ° w " R l c h o o n d A t l a n t a Chica«° (In thousands of dollars) Dallas Louis 26,790,985 1582,748 6,282,289 1676,133 2554,334 2159,179 1247,929 5230,237 1193,540 18,833,444 484,469 301,789 258,296 19,877,998 3,999,586 827,195 32,984 5,473,116 54,390 1/ 89,684 201.278 17,110 249 877,538 5,818,468 289,655 879,273 1556,138 30,270 35,996 20,650 26,550 9,748 651 939,941 1619,335 834,425 39,247 15,045 3,131 891,848 897,488 2902,733 688,243 43,854 68,997 28,4i8 13,275 41,890 10,915 2,237 1,581 1,702 956,854 3015,201 729,278 631,948 238,867 374,852 335,582 340,014 666,882 1,001 5,249 19,830 2750,942 12,737,954 50,688,399 2855,868 4550,872 3387,659 927 2,351 1,050 894 2545,691 101,092 21,166 32,169 15,477 208,002 52,301 66,393 37,594 7,319 4,489 1,006 3,349 58,775 16,185 21.634 15,896 16,293 33,179 762 3,401 173,609 677 8915,721 2097,104 457,492 1057,598 Franco 716,498 2633,008 823,981 969,4l4 2541,119 22,828 40,921 38,605 47,959 7,080 11,210 15,340 33,040 255 1,212 2,109 34.141 470,482 877,324 1025,468 2656,261 440,319 118,314 202,277 216,583 411,003 637 723 1.048 1.872 1046,925 2137,922 1959,597 5702,144 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 17,253 43,948 3,011 14.802 •» «i 4,048 2/ 19,616 •• F. R. notes outstanding 27,809,996 1646,135 Collat. for F. R. notes: Gold certificate acct. 12,028,000 580,000 Eligible paper 120,773 U. S. Govt, securities 16,995,000 1150,000 Total collateral 29,143,773 1730,000 1/ After deducting $212,105,OOO participations 2/ After deducting $$0,186,000 participations 46,022 11,472 7,354 13,650 18,890 39,632 110,421 29,331 18,520 27,983 37,508 82,413 1,429 521 1,073 1,137 1,307 2,l40 13,220 39,511 11,292 6,821 11.547 10.422 25.208 52,049,318 2829,956 13,113,142 2950,009 4672,074 3459,975 2609,145 9113,104 2149,720 1080,693^192,239 2027,724 5851,537 GO r-i Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. 340,470 747,593 27,543 245,313 4,886 6,282 3,560 3,l4l 9,912 2,583 XO X08 *"• — •• *72 FEDERAL RESERVE AGENTS' ACCOUNTS 6,525,196 1755,449 2629,850 2218,615 1307,674 5339,655 1251,705 1,675 "*«*» 2,652 Q^O 3,630 «• — 7,817 •• 516,680 1091,483 762,921 2764,633 3,170,000 640,000 1130,000 945,000 4co,ooo 2500,000 450,000 130,000 300,000 283,000 1500,000 —— 42,300 —— — -—— 21,300 3.600.000 1200,000 1550.000 1350.000 1000.000 3000.000 875.000 6.770,000 1882.300 2680.000 2295,000 1400.000 5500.000 1346.300 of other Federal Reserve Banks. of other Federal Reserve Banks. 57,173 -** 425.000 820.000 525.000 1500.000 555.000 1177.173 808.000 1000.000
@FedFRASER