The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
. BOARD OF GOVERNORS OF TEE FEDERAL RESERVE SYSTEM For Immediate Release October 30, 1958 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS average of daily figures of member bank reserves for the week ending A , . October 29 decreased $137 million to $18,515 million. Estimated required reserves Increased $94 million; and estimated excess reserves decreased $43 million to Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $116 million, compared with $246 million the week before. a., , Principal changes reducing average reserves were decreases of serve float and $34 million in gold stock. The principal v Aqo 6 changes were increases of $87 million in member "bank borrowings and -in°n i n U * S * Government securities bought outright, and decreases of m ia ^ 1 0 n i n m o n e y i n circulation and $38 million in foreign deposits with federal Reserve Banks. Total Reserve Bank credit decreased $279 million. i0n i n F e d e r a l Re Wednesday, October 29, holdings of U. S, Government securities bought outright were $147 million higher than a week earlier and member bank borrowings were $380 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S, Government securities-Eought 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 Week ending Change from week ending; Wednesday) October 29, October 22, October 30, Oct. 29, 1958 1958 1957 1958 (In millions of dollars) 25,300 + 58 +21,121 - - 34 + - 1 + 16 18 25,373 33 455 2 977 26,767 20,690 5,221 52,678 + 87 + 1 -424 -279 - 34 + 1 -312 248 5 74 + 1,795 -1)981 + 89 97 377 2 776 26,561 20,690 5.222 52,472 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) 31,299 681 512 270 321 •1,080 34,163 -136 + + 48 - 38 - 11 - 37 -175 291 105 6 48 70 23 225 31,293 684 542 280 326 1,079 34,206 Member bank reserves-Required reserves (estimated) Excess reserves (estimated) 18,515 17,944 571 -137 - 94 - 43 322 530 208 18,267 17,960 307 , - 0n ! = n " year ago• -- - - - - + + + - + October 29, 1958, U. S. Government securities held in custody by the f r foreign account were ° $3,776 million, an increase of veek and an increase of $28 million from the comparable date H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Oct. 22, Oct, 30. 1958 1957 Oct. 29, 1958 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 outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 19,217,892 887,297 20,105,189 386,444 381,057 378,267 338 33,158 1,371,610 21,507,291 10,000 2,483,771 25,372,672 - + + - 2,367 2,367 4,103 3,747 380,483 -- + 1,635 + 147,400 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 147,400 25,372,672 147,400 25,784,435 15 4,988,813 93,309 210,280 51,949,542 - 231,448 -- - 515,335 2,226 8,947 730,127 26,938,903 - 34,441 18,266,690 - - 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 542,233 280,118 326,183 19,415,224 4,212,467 22,455 50,589,049 C A P I T A L A C C O U N T S Capital paid""in ~ Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 357,342 809,195 193,956 51,949,542 + Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 1/ Net change after elimination of Sec. 13b sv m mm + + + + 933,137 10,000 317,979 +2,198,837 61,300 +2,137,537 - mmm - 40,960 1,887,538 25,571 + 2,569 408,823 232 + 17,264 + m mm + 1,928,498 +1,573,679 -- -- + 408,024 17,641 16,590 9,554 397,419 272,495 651 703,704 +1,745,746 + 3 + 210,971 10,608 + + 5,677 62,465 + + 155,839 + + + 499,103 84,243 111,054 95,590 430,324 297,765 2,743 26,023 ~ + 1/+ 26,482 ' + 730,127 16,428 34,059 14,045 62:465 43.4% + .4% - 70,411 1,019 + 4,737 + + - + - - + - - + - + - 59 - 3.8% 909 137 2, 1958. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 29, 1958 (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 371,535 6,732 378,267 Industrial Acceptances loans 186 12,119 29 21,039 52 71 335 337155 U, S. Government securities 276,000 8,953,175 -13,649,726 1,023,614 83,910 1,386,247 25,372,672 2.4.1(b) Total STATEMENT OF C0NDIT]CON OF EACH FEDERAJ RESERVE BANK ON OCTOBER 29, 1958 Phila- I CleveSt. New York J Boston Richmond Atlanta Chicago delphial land. Louis Minneapolis Kansas City 1F r a n c o A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 19,217,892 962,836 887,297 56,465 20,105,189 1019,301 5,938,207 1053,212 1646,578 1124,522 799,630 3366,156 778,825 181,922 57,431 78,999 79,460 5,220,129 1110,643 1725,577 1203,982 52,692 158,963 449,211 788,373 44,058 20,810 41,820 852,322 3525,119 822,883 470,021 830,193 744,625 2465,717 29,070 85,607 773,695 2551,324 F.R. notes of other Banks Other cash 386,444 381,057 27,352 27,337 101,771 78,982 36,947 20,954 18,747 33,478 32,764 22,710 45,643 28,463 31,888 67,467 11,395 17,944 13,620 8,175 11,878 11,338 19,454 17,059 35,525 46,610 Discounts and advances Industrial loans Acceptances— Bought outright U« S. Govt, securities: Bought outrightBills Certificates Notes Bonds Total Held under repurchase agreement 378,267 338 10,439 327 46,406 4,775 20,904 39,991 99,008 65,376 18,698 14,331 39,225 10,768 8,346 33,158 33,158 — —- -- — — —' 1,371,610 74,681 21,507,291 1171,029 10,000 545 2,483,771 135,236 25,372,672 1381,491 78,847 121,422 89,280 69,792 239,592 1236,325 1903,933 1399,953 1094,355 3756,894 885 574 651 508 1,747 626,327 142,777 219,876 161,674 126,382 433,865 6,398,176 1458,523 2246,116 1651,558 1291,037 4432,098 Total U . S . Govt, sees. 25,372,672 1381,491 6,398,176 1458,523 2246,116 1651,558 1291.037 4432,098 1035,053 533,765 1082.982 Total loans & securities 25,784,435 1392,257 6,477,740 1463,298 2267,020 1691,549 1390,045 4497,474 1053,751 548,107 1122,207 1004,641 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 15 4,988,813 93,309 210,280 345,876 11 5,423,450 2,523 1 1 / 4 364,848 4,664 11,431 l l 4,290 11,797 18,963 1 2 9,047 11,405 409 101,323 1035,053 28,855 452,449 58,544 53,728 155,040 917,996 842,462 2431,077 210 427 1,130 391 52,251 106,015 97,292 280,753 533,765 1082,982 993,873 2868,000 1 2 / 1 993,873 2868,000 1 2876,346 1 923,262 302,823 462,303 377,804 379,614 824,179 218,362 149,608 262,269 235,570 488,171 10,537 52,643 9,950 6,658 13,702 10,982 35,958 6,883 8,419 5,222 4,427 4,878 9,771 7,736 8,571 12,039 23,616 51,949,542 2847,191 12,865,068 2950,753 4536,039 3349,170 2716,117 8993,492 2139,638 1199,180 2252,535 2066,727 6033,632 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. 1 55,953 877,368 — E.4.1(c) Total L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U^SLTreas.-gen.acct. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES STATEMENT OF CONDITION OF EACH FEDERAL RESERVE PhilaCleve- Richmond Atlanta Chicago Boston New York delphia land (In thousands of dollarsJ 56,938,90; 1570,274 St. Louis 6,291,420 1664,043 2490,622 2105,158 1355,093 5183,884 1195,983 Minneapolis Kansas City Dallas San Franciscc 568,684 1072,862 763,380 2677,500 18,266,690 801,054 5,037,027 876,393 1473,081 795,081 929,112 2796,912 684,312 432,836 856,901 975,894 2608,087 42,623 87,272 43,021 39,752 39,152 23.149 61,819 16,322 26,174 49,174 36,035 77,740 280,118 15,390 1/86,258 18,630 24,030 13,770 12.150 38,610 6,480 10,530 14,040 30,240 9,990 326,183 425 272* 954 1,473 693 938 , 588 1,875 117 1,166 41.8&6 SjL. l,lf3 19,415,224 859,492 5,483,511 936,248 1536,956 854,847 965,349 2897,929 712,499 465,607 917,771 1027,132 2757,883 5^2,233 4,212,467 339,257 712,352 22,455 968 5,413 50,589,049 2769,991 12,492,696 258,451 383,349 317,555 1,023 2,609 1,188 2859,765 4413,536 3278,748 329,746 707,739 1,203 2651,391 177,295 130,331 3,249 855 838 8792,801 2086,632 116$,460 206,507 205,453 444,432 991 2198,131 1,086 3,032 1997,051 "5882,Bkf CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents i U U U O Wl X d X 17,944 103,605 21,781 47,148 12,108 223,530 45,237 56,214 12,993 51,949,542 2847,191 12,865,068 357,342 809,195 193,956 70,411 4,013 2/19,864 33,534 71,541 17,428 16,183 41,165 13,074 18,060 36,198 10.468 49,134 121,515 30,042 12,097 31,560 9,349 8,250 19,761 5.709 14,669 30,524 9,211 2950,753 4536,039 3349,170 2716,117 8993,492 2139,638 1199,180 2252,535 4,857 6,265 3,590 3,168 10,067 2,605 1,690 2,746 20,137 40,926 8,613 41,948 89,113 19.724 2066,727 6033,632 3,661 7,885 JUVOrli. W J U U U i l J . O e FEDERAL RESERVE AGENTS' ACCOUNTS F, R. notes outstanding 27,969,505 1637,393 Collat. for F. R. notes: Gold certificate acct. 11,393,000 600,000 Eligible peeper 62,509 — U. S. Govt, securities 17,670,000 1150,000 Total collateral 29,125,509 1750,000 1/ After deducting $193.8(iO.OOO cartd citations 2/ After deducting $50,547,000 participations 6,560,331 1730,686 2556,083 2170,382 1413,418 5309,779 1253,901 581,281 1106,445 812,365 2837,441 3,120,000 640,000 1000,000 775,000 425,000 2300,000 430,000 200,000 300,000 303,000 1300,000 — — 4,685 -— -—-18,650 -— 39,174 •*—* 3,600,000 1200,000 1600,000 1450,000 1100,000 3200,000 900,000 425,000 820,000 525,000 1700,000 6,720,000 1844,685 2600,000 2225,000 1525,000 5500,000 1348,650 of other Federal Reserve Banks. of other Federal Reserve Banks 625,000 1159,174 828,000 3000,000
@FedFRASER