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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release October 3, 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 2 increased $71 million to $19,034 million. Estimated required reserves increased $259 million; and estimated excess reserves decreased $188 million to $393 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $542 million, compared with $519 million the week before. The principal changes supplying average reserves were an increase of $l68 million in Federal Reserve holding of U. S. Government securities, and decreases of $266 million in Treasury deposits with Federal Reserve Banks, $77 million in "other" F. R. accounts (net), and $30 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $318 million in Federal Reserve float and $165 million in member bank borrowings. Total Reserve Bank credit decreased $318 million. As of bought outright securities held bank borrowings Wednesday, October 2, holdings of U.. S. Government securities were $160 million higher than a week earlier, U. S. Government under repurchase agreement were $148 million higher, and member were $109 million lower. 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 Loans, discounts, and advances— Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Averages of daily figures For week ending Change from week ending October 2, 1957 Sept. 25, 1957 October 3, 1956 (In millions of dollars) 23,294 52 17 +121 + 47 - 2 -308 - 43 935 7 1,000 25,304 22,633ft. 5,12^6 53,06rt -165 -318 -318 + 5 + 3 -310 +125 + 6 - 67 -289 +749 + 80 +$4o 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) 31,038^ 776 493 356 253 1,112 34,028 - 14 + 7 -266 - 30 - 2 - 77 -362 - 58 + 31 + 39 +159 Tffl Member bank reserves— Required reserves (estimated) Excess reserves (estimated) 19,034 18,641 393 + 71 +259 -188 + 99 +185 - 86 * +269 — e* 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 22,645 Treasury cash holdings 774 Treasury currency outstanding 5,126 Member bank) - Required (est.) 18,749 Money in circulation 31,056 reserves ) - Excess (est.) 121 On October 2, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,430 million, a decrease of $5 million for the week and a decrease of $296 million from the comparable date a foryear ago. Digitized FRASER H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) October 2, 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-rBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 21,113,394 842,030 21,955,%2% 416,507 388,853 673,617 599 Change since October 3> Sept. 25, 1956 1957 + 14,003 + + - 12,791 24,570 2,250 108,440 1,212 6 16,878 1 576,973 19,933,612 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS Capilal §ald-i£" - - - - - - - Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 765,001 11,420 753,581 67,232 25,751 301,831 327 1,073 160,100 - 187,297 +9,000,913 -9,153,913 2,801,750 23,312,335 148,200 23,460,525 + 160,100 + + 148,200 308,300 - 340,297 +____66Jt200 - 274,097 24,151,629 + 199,853 - 577,328 5,019,205 82,147 143,794 52,157,581 + + + 70,871 232 15,334 135,019 + + + 365,164 11,217 140,498 505,119 26,820,025 + 46,019 + 272,631 18,869,599 447,879 367,452 259,582 19,944,512 4,055,709 18,4-51 50,638,697 + - 275,532 157,376 + + : + 10,374 125,850 49,835 71 121,963 + + + + 119,846 98,820 10,334 61,568 167,432 374,804 514 460,517 + + 18,890 53,981 22 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Fore ign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES + + + 338,497 747,593 27,543 205,251 52,157,581 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - 2,680 121 +_ 12,935 + 135,019 1,5# 46.9$ 68,007 966 48,269 505,119 1,003 36,5., 20,056 l,i 4,5Q MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 2, 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 663,748 9,869 Industrial loans 69 281 Acceptances 4,369 12,509 87 162 3731517 599 16,878 U. S. Government securities 247,400 8,335,338 12,088,540 680,635 750,375 1.358,247 23,460,535 Total Minneapolis Kansas City s? STATEMENT OF CONDIT]CON OF EACH FEDERAL RESERVE BANK ON OCTOBER 2, 1957 St. Phila- CleveRichmond Atlanta Chicago Boston New York Louis delphia land H.4.1(b) Dallas San Francisco 21,113,394 1033,138 842,030 55,191 21,955,424 1088,329 CD Gold certificate account Redemption fund for F. R, notes Total gold certificate reserves t A S S E T S 5,667,021 1136,364 1901,108 1413,228 771,289 3769,302 831,019 359,478 149,118 41,931 22,349 42,033 819,147 3918,420 872,950 381,827 900,795 177,578 56,725 76,501 69,548 5,844,599 1193,089 1977,609 1482,776 47,858 806,761 2565,924 26,935 76,263 833,696 2642,187 F.R. notes of other Banks Other cash 416,507 388,853 39,296 24,332 77,085 87,684 53,112 25,887 25,277 29,771 24,865 24,054 65,990 31,380 32,296 57,632 9,961 19,101 17,119 7,804 9,900 11,431 20,603 14,968 41,003 54,809 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outrightBills Certificates Notes Bonds Total Held under repurchase agreement 673,617 599 7,982 310 105,347 35,348 261 98,625 24,912 66,273 185,763 23,696 33,716 28 61,122 19,605 11,228 16,878 16,878 — — - - 31,472 576,973 19,933,612 1087,299 50,680 36,865 29,885 100,711 144,290 33,679 4,985,018 1163,585 1750,929 1273,618 1032,502 3479,432 23,861 824,355 12,451 430,167 24,771 855,609 22,611 65,697 781,178 2269,720 2.801.750 152.824 23,312,335 1271,595 700.664 163,547 246.100 179.012 145.122 489.048 5,829,972 1360,811 2047,709 1489,495 1207,509 4069,191 115.866 964,082 60.462 120.288 503,080 1000,868 109.798 319.019 913,587 2654,436 ikQ,200 148.200 —— —— —— -— , . -— Total U. S. Govt, sees. 23.460.535 1271.595 5.978.172 1360.811 2047.709 1489.495 1207.509 4069.191 964.082 503.080 1000.868 913,587 2654,436 Total loans & securities 24,151,629 1279,887 6,100,397 1396,420 2146,334 1514,407 1273,782 4254,954 987,778 536,824 1061,990 933,192 2665,664 1 202,006 5,735 5,776 1 1 137,689 267,019 5,079 4,864 3.108 6.018 1 2 234,239 515,949 5,890 10,966 6,319 15,845 Due from foreign hanks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 5,019,205 82,147 143.794 1 371,661 5,084 8.021 1/ 6 932,096 10,564 34.884 2 312,106 4,580 8.023 2 456,273 9,424 12.830 1 3 365,105 828,149 6,041 6,791 7,409 26.466 52,157,581 2816,613 13,087,315 2993,219 4657,520 3459,238 2568,855 9124,711 2103,308 1089,451 2262,018 2048,908 5946,425 l/ After deducting $16,000 participations of other Federal Reserve Banks, 1 396,913 7,129 9.093 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 2, 1957 CleveSt. PhilaRichmond Atlanta Chicago Boston New York land Louis delphia (In thousands of dollars) 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 26,820,025 1586,125 18,869,599 447,879 367,452 259,582 19,944,512 4,055,709 6,301,806 1678,505 2550,593 2159,805 1245,099 5218,901 1193,395 781,891 5,360,050 34,443 67,758 20,474 1/113,645 536 ~ 199,338 t 837,344 5,740,791 315,364 676,345 Minneapolis Kansas City 459,965 1061,583 Dallas San Francisco 715,592 2648,656 910,473 1546,105 26,426 24,822 24,710 31,770 10,490 1,854 972,099 1604,551 839,631 37,982 18,003 3,284 898,900 909,470 2948,963 667,001 33,268 48,381 19,454 15,885 50,126 13,061 2,663 800 882 961,206 3040,270 700,39» 448,195 23,075 8,472 636 400,370 872,510 1014,981 2570,329 46,726 32,206 53,338 13,414 18,356 39,536 988 2,198 35,913 933,630 1067,741 2699,116 250,009 329,810 300,151 115,526 213,623 382,223 664,566 157,827 198,211 452,054 623 676 727 1,707 793 5,231 044 844 2,354 094 894 903 3,079 620 67b 18,451 50,830,697 2739,626 12,724,173 2901,457 4539,721 3309,409 2507,439 0934,016 2052,240 1056,492 2209,520 1902,271 5001,533 C&PITAL 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. 338,497 747,593 27,543 205,251 17,200 43,948 3,011 12,828 21,142 52,301 4,489 13,830 32,159 66,393 1,006 18,241 15,366 37,594 3,349 13,520 16,267 33,179 762 11,208 45,908 110,421 1,429 32,137 11,427 29,331 521 9,789 7,344 18,520 1,073 6,022 13,607 27,983 1,137 9,771 18,916 37,508 1,307 8,906 39,623 82,413 2,i4o 20,716 52,157,581 2816,613 13,087,315 2993,219 4657,520 3459,238 2568,855 9124,711 2103,308 1089,451 2262.018 2048,908 5946,425 3,468 3,060 2,584 2,516 1,632 9,656 3,536 7,616 4,760 6,120 808 18 68 72 FEDERAL RESERVE AGENTS' ACCOUNTS 27,804,310(1662,878 6,527,353 1756,385 2629,784 2212,942 1296,921 5311,774 1241,938 519,274 1090,740 766,425 2707,888 68,0071 966, 3,944 — F„ R. notes outstanding Oollat. for F. R. notes: Gold certificate acct. 11,978,000! 580,000 Eligible paper 119,222 U. S. Govt, securities 16,995,000 1150,000 29',09g[22211730^000 Total collateral 1/ After deducting $253,807,000 participations 2/ After deducting $48,892,000 participations 99,538 208,002 7,319 48,283 A 2/19,115 3,170,000 640,000 1130,000 895,000 400,000 2500,000 450,000 34,892 --— — 23,455 3.600,000 1200,000 1550,000 1350,000 1000,000 3000,000 875,000 o ^ O ^ O O O 1874,892 2600,000 2245,000 1400,000 5500,000 1340,455 of other Federal Reserve Banks. of other Federal Reserve Banks. 130,000 300,000 283,000 1500,000 -- 60,675 425,000 820,000 555,000 1100,075 — -— 525,000 1500,000 000,000 3000,000
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