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H.4.1 BOARD OF GOVMnORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release October 9, 1958 WEEKLY AVERAGES OF MEMBER B A H RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS arid STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of daily figures of member bank reserves for the week ending October 8 increased $84 million to $ 1 8 , 3 1 8 million. Estimated required reserves decreased $28 million; and estimated excess reserves increased $112 million to $6o4 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $171 million, compared with $92 million the week before. The principal changes supplying average reserves were increases of $203 million in U. S. Government securities bought outright and $33 million in member bank borrowings, and a decrease of $44 million in "other" deposits with Federal Reserve Banks. The principal offsetting changes were increases of $137 million in money in circulation and $38 million in foreign deposits with Federal Reserve Banks, and a decrease of $36 million in gold stock. Total Reserve Bank credit increased $244 million. As of Wednesday, October 8, holdings of U. S. Government securities bought outright were $175 million higher than a week earlier and member bank borrowings were $184 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 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. 1, 1958 i Oct. 9, 1957 October 8, 1958 (in millions of dollars) 25,143 +203 ~ «•» 31 433 1 911 26,519 20,830 5,219 52,569 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) 31,352 691 447 299 343 1,119 34,251 Member bank reserves-Required reserves (estimated) Excess reserves (estimated) 18,318 17,714 604 - - + 2 + 33 — — + 7 +244 - 36 — — +209 +1,831 - 233 + 14 - 570 6 80 + 955 -1,816 + 92 - 767 - 1 + 38 - 44 - 4 +125 + + + + 223 83 51 74 83 7 104 + 84 - 28 +112 + 871 911 4o +137 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 20,825 Treasury cash holdings 693 Treasury currency outstanding 5,220 Member bank) - Required (est.) 17,690 Money in circulation 31,409 reserves ) - Excess (est.) 536 On October 8, 1958, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $ 3 , 6 0 5 million, an increase of $43 million for the week and an increase of $151 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) October 8, 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 outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Change since October 9, October 1. 1958 1957 + + 1,998 2,033 35 27,474 19,614 183,800 + 3,102 + 175j400 + 175,400 25,222,272 + 175,400 25,637,643 15 4,603,891 90,553 177,333 51,451,900 + 362,302 19,357,892 880,250 20,238,142 340,748 363,575 382,825 340 32,206 1,221,210 21,507,291 10,000 2,483,771 25,222,272 - -- -- Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS -1,748,501 27,981 + -1,720,520 36,759 3,700 301,330 271 + 15,333 + 644,237 +1 ,573,679 10,000 + 317,979 +1,909,937 148,300 +1,761,637 - 578,752 79 12,129 251,365 +1,475,369 + 3 + 110,760 8,198 + 17,828 148,821 + 146,763 - 466,351 150,662 11,271 95,735 532,549 202,029 168 183,589 • + + 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 26,999,484 + 118,395 18,225,564 353,358 325,495 349,203 19,253,620 3,810,561 20,534 50,084,199 + 171,397 87,920 50,783 48,409 85,851 467,709 2,437 261,026 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 357,176 809,195 201,330 51,451,900 - + ~ + - + + 38 + 9,623 251,365 - ~ - + - + + + iA - 18,473 34,059 17,764 148,821 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 43.8# Contingent liability on acceptances purchased for foreign correspondents 71,238 3,943 Industrial loan commitments 1,031 1/ Includes, prior to September 2, 1958# Section 13b surplus of $27,543,000. 3.356 95 285 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 8, 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 379,085 3,740 382,825 Industrial Acceptances loans 187 7,506 20 24,700 58 75 153 32,206 U. S. Government securities 160,800 8,917,975 13,649,726 1,023,614 83,910 1,386,247 25,222,272 E.4.1(b) Total A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 8, 1938 St. ClevePhilaRichmond Atlanta Chicago New York Boston Louis land delphia (In thousands of dollars) ) 19,357,892 942,972 880,250 56,906 5,108,801 1029,681 1642,759 1150,021 173.842 56,124 78,704 81,358 835,994 3449,541 53,025 20,238,142 999,878 F.R. notes of other Banks Other cash 340,748 363,575 22,942 89,277 75,960 34,514 19,267 13,319 33,573 29,709 22,215 43,317 29,467 Discounts and advances Industrial loans AcceptancesBought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 382,825 340 11,190 327 32,163 10,003 57,462 30,161 54,932 26,843 66,492 10,000 545 135,236 25,222,272 1373,302 2.483.771 25.222.272 Total loans & securities 25,637,643 1384,819 TOTAL ASSETS 51,451,900 70,201 108,108 457,408 805,280 780,156 2395,982 20,969 41,990 29.209 86.076 809,365 2482,058 847,270 25,467 62,751 8,810 16,172 12,053 8,423 9,034 10,543 18,443 15,198 33,863 43,163 121,950 10,6l6 11,117 13 25,467 17,686 78 79,490 1 322,435 4,699 9.^4 4405,826 1028.917 6,424,619 1459,880 2290,264 1671,929 1338,317 4527,776 1039,533 1 / 4 8457376 10,482 43.971 1 290,228 4,312 9.859 1 392,680 9,949 15.881 2770,971 12,772,334 2903,866 4477,130 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. San Francisco 478,377 49,817 62,140 213,320 )94,355 3756,894 877,368 409 508 1,747 651 885 574. 2,523 626,327 142,777 219,876 161,674 126,382 433,665 101,323 6,360,250 1449,077 2232,802 1041,768 1203,305 4405,826 1028,917 307,950 1373.302 6.360.250 1449,877 2232.802 1641.768 1283,386 Total U. S. Govt, sees. 15 4,603,891 90,553 177.333 42,281 Dallas 32,206 21,507,291 Due from foreign banks Uncollected cash items Bank premises Other assets 759,297 Kansas City 801,578 5,282,643 1085,805 1721,463 1231,379 32,206 1,221,210 159,766 Minneapolis 1 1 364,792 376,076 6,668 8,964 11,288 9.125 2 728,171 8,853 32,163 3337,981 2694,286 8994,490 25,691 52,124 452,449 917,996 210 427 52,251 106,015 530,601 1076,562 530,601 1076,562 $41,731 1102,029 2/ 1 148,090 218,225 5,246 6,874 3.687 6,2EL 2098,168 47,837 138,040 842,462 2431,077 391 1,130 97,292 280,753 987,982 2851,000 1 243,570 4,878 8.312 987,982 2851,000 1005,668 2851,078 1 216,354 7,735 7.022 1 457,894 11,893 19.694 1197,607 2225,637 2079,786 5899,644 H,4.1(c) Federal Reserve notes Deposits: Member hank 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 8, 1958 PhilaCleveSt. MinneKansas San Total Boston New York Richmond Atlanta Chicago Dallas delphia land Louis apolis City Francisco , .. , . , , (In thousands of dollars) ' 26,999,484 1576,449 6,315,656 1662,790 2494,207 2105,118 1343,329 5205,398 1193,242 568,771 1078,071 755,623 2700,830 18,225,564 783,039 5,017,550 848,801 1465,825 795,038 930,923 2881,803 353,358 16,436 56,483 33,936 21,919 4l,l42 19,431 35,946 325,495 17,841 1/100,761 21,597 27,857 15,963 14,085 44,759 349,203 678 293,939 905 1,492_ 4,031 1,698 2,804 19,253,620 017,994 5,460,733 905,239 1517,093 856,174 966,137 2965,312 3,810,561 297,438 608,309 243,364 340,187 304,785 20,534 I,407 5,235 1,049 2,495 1,043 50,084,199 2693,288 12,397,933 2812,442 4353,982 3267,120 318,842 618,648 651,912 12,975 11,581 678,265 435,082 26,913 7,512 -M9 469,976 853,265 1020,744 2541,582 34,431 22,733 31,013 12,207 16,276 35,056 2.708 1.937 36.745 902,611 1061,690 2644,396 172,698 124,157 189,538 1.797 957 3.213 720 2629,265 8792,571 2044,925 191,802 400,793 845 1.870 W. J231163,811 2171,013 2009,960 5747,889 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liah. on acceptances purchased for foreign correspondents Industrial loan commit. 357,176 809,195 201,330 17,942 47,148 12,593 51,451,900 2770,971 71,238 4,059 F. R. notes outstanding 27,869,699| 1632,520 Collat. for F. R. notes: Gold certificate acct. 11,518,000 600,000 Eligible paper 45,985 "U. S. Govt, securities 17,570,000 1150,000 Total collateral 29,133,98511750,000 1/ After deducting $224,734,000 participations 2/ After deducting $51,122,000 participations 103,651 223,530 47,220 21,795 56,214 13,415 33,496 71,541 18,111 16.164 41.165 13,532 18,045 49,020 12,077 36,198 121,515 31,560 10,778 31,384 9.606 8,236 19,761 5,799 14,637 30,524 9,463 20,160 40,926 8.740 41,953 89,113 20.689 12,772,334 2903,866 4477,130 3337,981 2694,286 8994,490 2098.168 1197,607 2225.637 2079.786 5899.6 2/20,116 4,913 6,337 3,631 3,204 10,182 2,634 1,709 2,777 940 3,702 7,974 FEDERAL RESERVE AGENTS' ACCOUNTS 797,238 2816,648 3,270,000 640,000 1000,000 775,000 425,000 2300,000 430,000 185,000 300,000 293,000 1300,000 9,955 ----10,590 —— 25,44o —— —— 3,600,000 1200,000 1600,000 1450,000 1000,000 3200,000 900,00 0 425,000 820,000 525,000 1700,000 6,870,000 1849,955 2600,000 2225,000 1425,000 5500,000 1340,590 610,000 1145,440 818,000 3000,000 6,547,789 1714,794 2556,238 2162,567 1397,861 5316,029 1245,041 of other Federal Reserve Banks. of other Federal Reserve Banks. 579,251 1103,723
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