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BOARD OF GOfyjERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release October 31, 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 30 decreased $300 million to $18,837 million. Estimated required reserves decreased $96 million; and estimated excess reserves decreased $204 million to $3^8 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $355 million, compared with $46 million the week before. The principal changes reducing average reserves were decreases of $466 million in Federal Reserve float and $72 million in Federal Reserve, foldings of U. S, Government securities, and an increase of $54 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $105 million in member bank borrowings, and decreases of $121 million in money in circulation and $52 million in "other" F» R, accounts (net). Total Reserve Bank credit decreased $435 million. As of bought outright securities held bank borrowings Wednesday, October 30, holdings of U. S, Government securities were $54 million lower than a week earlier, TJ. S. Government under repurchase agreement were $6l million higher, and member were $l4l 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 Oct. 23, 19571 Oct. 31, 1956 Oct. 30, 1957 (In millions of dollars) 23,179 l6 — l6 - 43 - 29 -489 - 24 — - 3 - 1 2 703 7 1,051 24,972 22,671 5,132 52,775 +105 -466 -435 + 6 + 1 -428 + 29 + 6 - 11 -4$4' +762 + 81 +349 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) 31,008 786 518 318 251 1,057 33,938 -121 + 5 + 54 + 1 - 14 - 52 -128 +213 + 6 - 21 + 33 - 41 +132 +322 Member bank reserves-Required reserves (estimated) Excess reserves (estimated) 18,837 18,459 348 -300 -96 -204 +27 + 38 - 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 22,678 Treasury cash holdings 792 Treasury currency outstanding 5,134 Member bank) - Required (est.) 18,536 Money in circulation 31,020 reserves ) - Excess (est.) 230 On October 30, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,748 million, an increase of $290 million for the week and a decrease of $34 million from the comparable date ago. Digitizedaforyear FRASER STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) H.4.1(a) Change since Oct. 23, Oct. 31, 1956 1957 Oct. 30, 1957V ASSETS 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 Held under repurchase agreement U. S. Government securities; Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 21,146,390 846,337 21,992,727 412,015 378,488 787,090 570 + - 9,998 2,451 7,547 1,642 2,471 141,468 27 15,894 + 4 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,038,689 12 4,777,842 82,701 204,603 51,887,077 - + + + + + - + + + + - - 438,473 19,933,612 2,801,750 23,173,835 6l,300 23,235,135 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 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 778,999 9,408 769,591 80,555 19,523 248,744 297 3,146 870 54,400 - 361,547 +9,000,913 -9,153,913 54,400 - +_ 61,300 + -£900 - 51^547 17,700 532,247 + 148,345 - 287,816 - 337,011 + 26,914 + - 14,766 162,241 10 1 + + 123,294 496,343 26,783,064 7,921 + 215,972 18,765,793 457,990 391,172 230,593 19,845,548 3,914,702 19,712 50,563,026 67,651 26,479 89,383 27,703 32,450 84,884 + 98,116 - 36,791 + 125,373 + 73,721 833 399,941 444 + + 20,544 53,981 37,312 162,241 + + 21,877 496,343 + 1.4# + 16,808 340,914 747,593 27,543 208,001 51,887.077 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 118 47.2% 69,502 1.156 300 10,880 + 116,032 66,276 + 111,081 1.080 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 30, 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 777,393 9,661 36 787,090 Industrial Acceptances loans 60 5,428 10,466 272 87 151 5?0 15,894 U, S. Government securities 112,850 8,244,488 12,088,540 680,635 750,375 1.358,247 23,235,135 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH OCTOBER 30. 1957 St. ClevePhilaRichmond Atlanta Chicago Boston New York Louis land delphia (In thousands of dollars) E.4.1(b) Total ASSETS Gold certificate account Redemption fund for F. R* notes Total gold certificate reserves 21,146,390 954,847 5,802,531 1142,245 1931,349 1340,298 780,885 3850,443 867,077 Minne- I Kansas apolis I City Sari Dallas IFrancisco 367,517 769,443 2564,060 775,695 26,781 646.337 21,992,727 1009,632 5,978,387 1200,287 2007,146 1417,787 828,383 3998,821 908,802 389,804 817,570 75.824 796,224 2639,884 F.R. notes of other Banks Other cash 412,015 378,488 37,346 23,772 84,507 82,278 50,127 23,764 27,551 27,493 25,655 24,155 65,412 27,552 29,666 60,659 9,750 20,296 16,812 9,706 9,392 11,561 21,190 16,390 34,607 50,862 Discounts and advances Industrial loans AcceptancesBought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held, under repurchase agreement 787,090 570 42,957 301 61,302 17,810 243 84,135 57,992 71,593 278,793 19,691 19,776 26 100,775 17,588 14,678 23,917 438,473 19,933,612 1087,299 28,016 22,711 76,536 109,654 25,594 38,514 4,985,018 1163,585 1750,929 1273,618 1032,502 3479,432 18,133 824,355 9,462 430,167 18,825 855,809 17,184 49,927 781,178 2269,720 2.801.750 152.824 23,173,835 1264,040 700.664 163.547 246.100 179.01? 145.122 489.048 5,795,336 1352,726 2035,543 1480,646 1200,335 4045,016 115.866 958,354 60.462 500,091 120.288 994,922 109,798 319,019 908,160 2638,66b 15,894 15,894 61.300 61.300 * — — mm mm Total U. S. Govt, sees. 23,235,135 1264.040 5.856.636 1352.726 2035.543 1480.646 1200.335 4045.016 958.354 Total loans & securities 24,038,689 1307,298 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 12 4,777,842 82,701 204.603 1 381,073 5,050 U,237 — — 994.922 908.160 2638.666 5,933,832 1370,779 2119,678 1538,638 1271,928 4323,809 978,045 519,893 1095,697 925,748 2653,344 1 2 353,623 841,205 6,198 6,764 10.545 37.405 2/ 196,576 2/ 2/ 135,174 218,347 4,930 5,087 8.614 , 4,399 1 224,318 6,063 8.842 1/ 3 874,782 10,649 49.917 1 303,497 4,558 11.520 1 460,777 9,554 18.021 1 369,593 7,092 13.156 1 418,577 10,909 22.771 51,887,077 2775,409 13,014,355 2964,533 4670,221 3396,077 2563,642 9298,331 2127,492 1080,875 2166,4ll 1998,776 5830,955 1/ After deducting $9,000 participations of other Federal Reserve banks. 2/ Less than $500. 500.091 — — H.4.l(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 30, 1957 St. Cleve- Richmond Atlanta Chicago PhilaNew York Boston Louis delphia land (In thousands of dollars) 26,783,064 1581,249 6,285,891 1675,132 2551,421 2163,618 1251,493 5220,905 1195,739 18,765,793 457,990 391,172 230,593 19,845,548 762,670 31,489 21,982 557 816,698 5,333,047 55,614 1/118,671 164,874 5,672,206 3,914,702 299,517 685,876 Minneapolis Kansas City- 456,001 1057,178 Dallas San Francisco 715,897 2628,540 887,411 1540,063 28,258 37,106 26,530 34,110 9,345 1,177 951,544 1612,456 804,137 24,018 19,329 3,743 851,227 887,656 3092,631 678,561 35,726 64,596 27,026 17,055 53,818 14,023 2,607 6,558 2,772 943,044 3217,603 722,382 436,527 26,525 9,096 1,267 473,415 819,688 966,057 2557,345 34,562 56,568 36,502 19,708 42,448 14,402 2,443 32,049 3,201 873,793 1022,770 2688,410 245,103 310,065 306,506 117,636 181,900 385,822 666,031 157,418 192,214 366,614 790 1,079 2,065 645 719 893 4,833 854 2,505 1,154 969 3,206 19,712 2690,357 12,648,8C6 2872,633 4552,204 3326,064 2502,012 9107,745 2076,258 1047,697 2113,661 1931,960 5685,629 50,563,026 CAPITAL 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. 340,914 747,593 27,543 208,001 17,254 43,948 3,011 12,839 21,190 52,301 4,489 13,920 32,169 66,393 1,006 18,449 15,504 37,594 3,349 13,566 16,313 33,179 762 11,376 46,030 110,421 1,429 32,706 11,481 29,331 521 9,901 7,357 18,520 1,073 6,228 13,654 27,983 1,137 9,976 18,899 37,508 1,307 9,102 39,632 82,413 2,l40 21,l4l 51,887,077 2775,409 13,014,355 2964,533 4670,221 3396,077 2563,642 9298,331 2127.492 1080,875 2l66,4il 1998,776 5030^955 69,502 4,031 1,156 F. R. notes outstanding |27,778,978j1651,557 Collat. for F. R. notes; Gold certificate acct. 12.028,000 580,000 Eligible paper 128,333 U. S. Govt, securities 16,995,000 1150,000 29'l9l!333|l730l000 Total collateral l/ After deducting $272,501,000 participations 2/ After deducting $49,970,000 participations 101,431 208,002 7,319 48,797 2,64l 3,614 7,784 2,572 1,668 9,869 3,544 3,127 4,865 6,255 940 36 108 72 FEDERAL RESERVE AGENTS* ACCOUNTS 6,525,184 1755,377 2624,574 2213,323 1305,827 5327,481 1252,928 516,165 1087,650 761,414 2757,498 2/19,532 ~ — 3,170,000 640,000 1130,000 945,000 400,000 2500,000 450,000 8,355 -— -— 19,450 3,600,000 1200,000 1550,000 1350,000 1000,000 3000,000 875,000 6]770[000 1848,355 2680,000 2295,000 1400,000 5500,000 1344,450 of other Federal Reserve Banks, of other Federal Reserve Banks. 130,000 300,000 — 100,528 425,000 820,000 555,000 1220,528 283,000 1500,000 525,000 1500,000 808,000 3000,000
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