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H.4.1 BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate R e l e a s e September 11, 1958 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The a v e r a g e of d a i l y f i g u r e s of member bank r e s e r v e s f o r t h e week ending September 10 i n c r e a s e d $33 m i l l i o n t o $18,479 m i l l i o n . E s t i m a t e d r e q u i r e d r e s e r v e s d e c r e a s e d $57 m i l l i o n ; and e s t i m a t e d e x c e s s r e s e r v e s i n c r e a s e d $90 m i l l i o n t o $679 m i l l i o n . Excess r e s e r v e s exceeded member bank borrowings a t t h e F e d e r a l Reserve Banks by $165 m i l l i o n , compared w i t h $128 m i l l i o n t h e week b e f o r e . The p r i n c i p a l changes s u p p l y i n g a v e r a g e r e s e r v e s were i n c r e a s e s of $91 m i l l i o n i n F e d e r a l Reserve f l o a t and $53 m i l l i o n i n member bank b o r r o w i n g s , and d e c r e a s e s of $ 6 l m i l l i o n i n T r e a s u r y d e p o s i t s w i t h F e d e r a l Reserve Banks and $22 m i l l i o n i n " o t h e r " F . R, a c c o u n t s ( n e t ) , The p r i n c i p a l o f f s e t t i n g changes were a d e c r e a s e of $120 m i l l i o n i n U. S. Government s e c u r i t i e s bought o u t r i g h t , and i n c r e a s e s of $54 m i l l i o n i n money i n c i r c u l a t i o n and $25 m i l l i o n i n f o r e i g n d e p o s i t s w i t h F e d e r a l Reserve Banks. T o t a l Reserve Bank c r e d i t i n c r e a s e d $23 m i l l i o n . As of Wednesday, September 10, h o l d i n g s of U. S . Government s e c u r i t i e s bought o u t r i g h t were $306 m i l l i o n lower t h a n a week e a r l i e r and member bank borrowings were $280 m i l l i o n h i g h e r . Member bank r e s e r v e s , Reserve Bank c r e d i t , and r e l a t e d i t e m s Reserve Bank c r e d i t : U. S . Government s e c u r i t i e s - Bought o u t r i g h t - - S y s t e m a c c o u n t Held under r e p u r c h a s e agreement Acceptances--bought o u t r i g h t Loans, d i s c o u n t s , and a d v a n c e s - Member bank borrowings Other Float T o t a l Reserve Bank c r e d i t Gold s t o c k Treasury currency outstanding Money i n c i r c u l a t i o n Treasury cash holdings T r e a s u r y d e p o s i t s w i t h F . R. Banks F o r e i g n d e p o s i t s w i t h F . R. Banks Other d e p o s i t s w i t h F . R. Banks Other F . R. a c c o u n t s ( n e t ) Member bank r e s e r v e s - Required r e s e r v e s ( e s t i m a t e d ) Excess r e s e r v e s ( e s t i m a t e d ) * Less t h a n $500,000. Averages of d a i l y f i g u r e s Change from week ending For week ending S e p t . 10 1958 . S e .p t . 3 . 1 .9.5 m S e p t . 11, 1957 ( I n m i l l i o n s of d o l l a r s ) 25,233 -120 31 514 + + 53 - - * 21,012 5,213 52,886 + 91 + 23 + 1 + 2 + 25 31,433 694 478 330 319 1,153 34,407 + + + - 18,479 17,800 679 + 33 - 57 883 26,661 +1,866 1 •» — — 54 1 61 25 5 22 8 + 90 32 7 511 7 r 70 +1,253 -l,6l4 + 94 - 267 + 177 65 + + 47 27 40 4l + 129 + 397 501 104 For Wednesday F e d e r a l Reserve f i g u r e s see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED - a t t a c h e d . L a t e s t Wednesday f i g u r e s f o r o t h e r i t e m s a p p e a r i n g above a r e , i n m i l l i o n s of d o l l a r s : Gold s t o c k 21,012 Treasury cash holdings 700 Treasury c u r r e n c y o u t s t a n d i n g 5,215 Member bank) - Required ( e s t . ) 17,828 Money i n c i r c u l a t i o n 31,409 r e s e r v e s ) - Excess (est.) 343 On September 10, 1958, U. S. Government s e c u r i t i e s h e l d i n custody by t h e F e d e r a l Reserve Banks f o r f o r e i g n a c c o u n t were $ 3 , 4 l 8 m i l l i o n , an i n c r e a s e of $49 m i l l i o n f o r t h e week and a d e c r e a s e of $113 m i l l i o n from t h e comparable d a t e Digitized a for y eFRASER ar ago. H.4.1(a) STATEMENT OF CONDTION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n t h o u s a n d s of d o l l a r s ) Change s i n c e Sept. 3, S e p t . 11, S e p t . 10, 19,545,893 878,312 20,424,205 335,468 363,933 464,100 341 30,084 1,079,560 21,507,291 - + - + + + 5,001 4,999 2 23,207 4,447 279,512 - - - 1,000 - 305,500 10,000 —— -1,563,499 + 42,107 -1,521,392 55,898 9,924 256,247 202 + 6,413 + 457,687 +1,573,679 4* 10,000 317,979 +1,723,387 25,080,622 - — 305,500 25,080,622 - 305,500 +1,723,387 26,988 +1,473,351 7 2,483,771 T o t a l l o a n s and s e c u r i t i e s Due f r o m f o r e i g n b a n k s Uncollected cash items Bank p r e m i s e s Other a s s e t s TOTAL ASSETS 1957 1958 1958 A S S E T S Gold c e r t i f i c a t e a c c o u n t Redemption f u n d f o r F . R. n o t e s Total gold c e r t i f i c a t e r e s e r v e s F . R. n o t e s of o t h e r Banks Other c a s h D i s c o u n t s and a d v a n c e s I n d u s t r i a l loans Ac c e p t a n c e s - - b o u g h t o u t r i g h t U. S . Government s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates Notes Bonds T o t a l bought o u t r i g h t Held u n d e r r e p u r c h a s e agreement T o t a l U. S . Government s e c u r i t i e s 25,575,147 15 4,738,744 90,029 143,446 51,6701987 L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member bank r e s e r v e s U. S . T r e a s u r e r - - g e n e r a l a c c o u n t Foreign Other Total deposits Deferred a v a i l a b i l i t y cash items O t h e r l i a b i l i t i e s and a c c r u e d d i v i d e n d s TOTAL LIABILITIES 19,384,022 3,896,482 18,244 50,304,390 C A P I T A L ACCOUNTS Capital paid in Surplus Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 356,252 809,195 201,150 51,670,987 + + + 194,517 - 86,726 12,338 207,599 + + - 8,241 31,541 160,814 1,005 + 75,848 17,007 + + + + 365,685 21,846 27,325 57,968 258,546 23,385 - 160,574 + iA 18,050 80 27,005,642 18,171,421 511,567 382,432 318,602 - 6,569 + 68,508 + + 12,013 32,919 165,138 + 1, 081 195A33 228 1,261 34,059 9,238 207,599 R a t i o of g o l d c e r t i f i c a t e r e s e r v e s t o d e p o s i t and F . R. n o t e l i a b i l i t i e s combined 44.0# S.I# C o n t i n g e n t l i a b i l i t y on a c c e p t a n c e s p u r c h a s e d f o r foreign correspondents 20,263 82,781 4,519 I n d u s t r i a l l o a n commitments , _ 1,036 367 1 / I n c l u d e s , p r i o r t o September 2 , 1958, S e c t i o n 13b s u r p l u s of $ 2 7 , 5 4 3 , 0 0 0 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 10, 1958 ( A c c e p t a n c e s and s e c u r i t i e s h e l d under r e p u r c h a s e a g r e e m e n t a r e c l a s s i f i e d a s m a t u r i n g w i t h i n 15 d a y s i n a c c o r d a n c e w i t h maximum m a t u r i t y of t h e a g r e e m e n t s . ) W i t h i n 15 d a y s 16 days t o 90 d a y s 91 days t o 1 y e a r Over 1 y e a r t o 5 y e a r s Over 5 y e a r s t o 10 y e a r s Over 10 y e a r s Total D i s c o u n t s and advances 462,120 1,980 Industrial loans 179 20 Acceptances 6,482 292,650 8,644,475 13,649,726 1,023,614 83,910 1.386.2V7 30,084 25,080,622 23,602 63 79 464,100 m U. S . Government securities H.4.l(b) Total A S S E T S Gold c e r t i f i c a t e a c c o u n t Redemption f u n d f o r P.. R. n o t e s Total gold c e r t i f i c a t e reserves F . R . n o t e s of o t h e r Banks Other cash D i s c o u n t s and a d v a n c e s "Industrial loans Acceptances-Bought o u t r i g h t U. S . G o v t , s e c u r i t i e s ; Bought o u t r i g h t — mils ^Certificates JHotes -Bonds Total -Held under repurchase agreement STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 10, 1958 St. ClevePhilaRichmond A t l a n t a Chicago Boston New York Louis delphia land ( I n t h o u s a n d s of d o l l a r s ) 5 , 3 0 3 , 8 9 3 1040,307 1626,578 1 1 7 1 , 7 6 1 MinneapollG Kansas City Dallas 771,668 447,501 795,868 717,995 2 4 0 2 , 8 6 3 42,532 21,250 42,176 28,360 86,513 914,804 3666,199 814,200 468,751 838,044 746,355 2489,376 8 6 1 , 2 8 3 3505,503 San Francisco 19,545,893 900,673 878,312 57,443 176,294 20,424,205 958,116 5,480,187 335,468 363,933 25,423 27,109 75,706 82,423 40,462 20,005 12,913 35,029 30,295 20,724 48,553 26,860 25,346 59,638 9,859 20,113 14,214 7,440 10,516 10,290 17,909 14,993 24,272 39,309 464,100 341 35,440 327 90,170 33,525 93,270 13,960 20,045 103,020 17,550 4,490 14 32,430 8,950 11,250 56,943 78,598 73,986 1097,250 1705,176 1245,747 53,521 160,696 30,084 30,084 58,780 1,079,560 2 1 , 5 0 7 , 2 9 1 1171,029 10,000 545 , 2 , 4 8 3 , 7 7 1 135,236 25,080,622 1365,590 44,039 54,932 188,577 272,230 62,059 95,568 70,270 5 , 4 2 3 , 4 5 0 1236,325 1903,933 1399,953 1094,355 3756,894 8 7 7 , 3 6 8 409 508 1,747 2,523 574 885 651 6 2 6 , 3 2 7 142,777 2 1 9 , 8 7 6 1 6 1 , 6 7 4 126,382 433,865 1 0 1 , 3 2 3 6 , 3 2 ^ 5 3 0 1441,735 2220,262 1632,54b 1276,177 4381,083 1023,139 46,078 22,711 4 5 2 , 4 4 9 917,996 210 427 5 2 , 2 5 1 106,015 5 2 7 , 6 2 1 1070,516 42,288 122,028 842, 462 2431,077 391 1,130 97.292 280.753 982,433 2834,988 T o t a l U. S . Govt, s e e s . 25.080,622 1365.590 6 . 3 2 4 . 5 3 0 1441,735 2 2 2 0 , 2 6 2 1 6 3 2 , 5 4 8 1276.177 4381.083 1023.139 5 2 7 . 6 2 1 1070.516 982.433 2 8 3 4 . 9 8 8 Total loans & s e c u r i t i e s 2 5 , 5 7 5 , 1 4 7 1401,357 6 , 4 4 4 , 7 8 4 1475,260 2313,532 1 6 4 6 , 5 0 8 1296,222 4484,103 1040,689 532,125 1102,946 991,383 2846,238 Due f r o m f o r e i g n b a n k s Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 15 4,738,744 90,029 143.446 1 - 1 / 4 338,696 8377475 4,733 10,480 7.586 35.078 1 287,181 4,335 7.968 1 434,918 9,969 12.977 1 397,108 2 743,219 1 205,481 8,706 8,651 6,882 7.418 26.468 5.647 2 145,000 5,237 1.034 / 1 1 251,373 231,049 4,878 7,715 6.509 5.688 1 470,240 11,736 15.857. 5 1 , 6 7 0 , 9 8 7 2763,021 1 2 , 9 6 6 , 1 3 7 2932,462 4524,515 3 3 5 6 , 1 8 2 2699,692 9013,626 2102,872 1 1 7 5 , 8 0 1 2224,557 2 0 1 5 , 0 9 3 5897,029 1 / A f t e r d e d u c t i n g $ 1 1 , 0 0 0 p a r t i c i p a t i o n s of o t h e r F e d e r a l R e s e r v e Banks. 2 / L efors sFRASER than $500. Digitized 1 397,004 6,707 9.196 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 1 0 , 1958 Total B o s t o n | New York Richmond A t l a n t a Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES D a l l a s ^ FranSsco ( I n thousands of d o l l a r s ) L I A B I L I T I E S F e d e r a l Reserve notes Deposits: Member bank r e s e r v e s U.S.Treas.-gen.acct. Foreign Other Total deposits Chicago 2 7 , 0 0 5 , 6 4 2 1582,066 6 , 3 3 8 , 3 7 8 1666,623 2498,187 2087,219 1326,422 5208,153 1192,158 564,613 1078,564 752,716 2710,543 18,171,421 511,567 382,432 318,602 19,384,022 730,532 36,622 21,033 400 5,211,677 72,385 1/117,490 266,449 876,043 1473,009 33,664 37,997 25,461 32,841 1,919 1,613 805,462 38,220 18,819 4,125 912,491 2864,245 35,321 54,009 16,605 52,767 1,891 789 652,305 27,698 13,653 1,684 419,510 24,327 8,856 308 830,390 49,795 14,391 1,217 932,846 2462,911 36,108 65,421 19,188 41,328 1,710 36,497 788,587 5,668,001 937,087 1545,460 866,626 966,308 2971,810 695,340 453,001 895,793 989,852 2606,157 3,896,482 313,508 580,592 236,411 355,562 330,638 341,131 629,197 161,479 123,674 194,915 201,952 427,423 18,244 1,184 4,799 907 2,218 921 751 2,740 676 723 700 741 1,884 50,304,390 2685,345 12,591,770 2841,028 4401,427 3285,404 2634,612 8811,900 2049,653 1142,011 2169,972 1945,261 5746,007 CAPITAL ACCOUNTS Capital paid in Surplus Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS C o n t i n g . l i a b . on a c c e p t ances purchased f o r f o r e i g n correspondents I n d u s t r i a l l o a n commit. 356,252 809,195 201,150 17,917 47,148 12,611 103,669 223,530 47,168 21,787 56,214 13,433 33,472 71,541 18,075 16,131 41,165 13,482 18,007 36,198 10,875 48,883 121,515 31,328 12,072 31,560 9,587 8,211 19,761 5,818 14,563 30,524 9,498 20,125 40,926 8,781 41,415 89,113 20,494 51,670,987 2763,021 12,966,137 2932,462 4524,515 3356,182 2699,692 9013,626 2102,872 1175,801 2224,557 2015,093 5897,029 4 82,781 4,720 2/23,330 5,713 7,369 4,223 3,726 11,840 3,064 1,987 3,229 4,306 9,274 1,036 FEDERAL RESERVE AGENTS' ACCOUNTS F . R. n o t e s o u t s t a n d i n g C o l l a t . f o r F . R. n o t e s : Gold c e r t i f i c a t e a c c t . E l i g i b l e paper U. S . Govt, s e c u r i t i e s Total c o l l a t e r a l 27,894,595 1646,383 11,493,000 600,000 -83,505 17,570,000 1150,000 29,146,505 1750,000 l / After deducting $264,942,000 participations 2 / A f for t e FRASER r deducting $59,451,000 p a r t i c i p a t i o n s Digitized 6 , 5 7 1 , 7 3 8 1719,574 2556,459 2149,981 1390,593 5317,221 1231,988 579,338 1109,878 799,996 2821,446 3,270,000 640,000 1000,000 775,000 425,000 2300,000 430,000 -33,525 — — — — 17,550 3,600,000 1200,000 1600,000 1450,000 1000,000 3200,000 900,000 6 , 8 7 0 , 0 0 0 1873,525 2600,000 2225,000 1425,000 5500,000 1347,550 170,000 300,000 — 32,430 425,000 820,000 595,000 1152,430 283,000 1300,000 -525,000 1700,000 808,000 3000,000 of o t h e r F e d e r a l R e s e r v e Banks. of o t h e r F e d e r a l R e s e r v e Banks.
@FedFRASER