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H.4.I BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release September 19, 1957 WEEKLY AVERAGES OF MEMBER B A H RESERVES, RESERVE B A H CREDIT, AMD RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of daily figures of member bank reserves for the week ending September 18 increased $232 million to $19,108 million, Estimated required reserves increased $153 million; and estimated excess reserves increased $79 million to $686 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $258 million, compared with $4l8 million the week before. The principal changes supplying average reserves were an increase of $489 million in Federal Reserve float and a decrease of $72 million in money in circulation. The principal offsetting changes were decreases of $96 million in Federal Reserve holdings of U* S. Government securities and $8l million in member bank borrowings, and increases of $79 million in Treasury deposits with Federal Reserve Banks and $72 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $311 million. As of Wednesday, September 18, holdings of U. S. Government securities bought outright were $109 million lower than a week earlier and member bank borrowings were $302 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 For week ending Change from week ending Sept. 18, 1957 Sept. 11, 1957 I Sept. 19, 1956 (In millions of dollars)" 23,286 17 23 - 81 - 15 - 1 -387 - 1 + 5 944 7 1,442 25,719 22,627 5,121 53T5G5 - 81 +489 +311 + 1 + 2 +315 +290 + 6 - 47 -133 +744 + 78 +690 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) 31,184 755 510 429 287 1,196 34,360 + + + + + 72 4 79 72 8 2 82 +374 - 16 + 57 + 84 + 52 +251 +802 Member bank reserves— Required reserves (estimated) Excess reserves (estimated) 19,108 18,4-22 686 +232 +153 + 79 -112 -102 - 10 — 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 22,628 Treasury cash holdings 76l Treasury currency outstanding 5,122 Member bank) - Required (est.) 18,529 Money in circulation 31,100 reserves ) - Excess (est.) 581 On September 18, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,475 million, a decrease of $56 million for the week and a decrease of $202 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) Change since Sept. 19, Sept. 11, 1956 1957 Sept. 18, 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— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U, S, Government securities 21,099,391 846,132 21,945,523 409,297 388,144 1,022,562 609 20,832 - + - + + + + - 512,473 19,933,612 10,001 9,927 74 17,931 14,287 302,215 66 2,839 + 109,400 185,147 +9 ,000,913 -9,153,913 - - 2,801,75) 23,247,835 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 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 - + + + + - + 753,997 7,792 746,205 51,307 20,992 609,109 297 3,886 - 109,400 23,247,835 - 109,400 - 338,147 24,291,838 22 6,363,941 81,898 113,786 53,594,449 + 190,042 + 274,551 338,147 trnm •» +1,538,471 + 110 1,881 + +1,762,648 + + 477,019 10,863 157,784 +1,423,153 75,800 + 19,109,870 638,738 360,902 253,100 20,362,610 4,979,947 17,622 52,214,173 572,764 149,017 5,795 7,534 + 720,042 +I.IO6.85O 1,883 +1,749,209 + + + + + + 338,318 747,593 27,543 266,822 53,594,449 + 26,853,994 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - + + + 116 , 334,411 73,105 312,850 5,468 32,878 424,301 563,654 4,626 +1,317,740 + + 19,029 53,981 - • + 13,323 +1,762,648 + 32,403 +1,423,153 46.5# - .6% + .9# 6l,86l W 657 + 10,930 1,32%. JL MATURITY DISTRIBUTION OF LOANS AND SECURITIES. SEPTEMBER 18, 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 1,014,320 8,242 Industrial loans 106 Acceptances 8,136 263 87 153 12,696 1,022,562 509 20,832 U. S. Government securities 127,900 8,228,638 12,102,040 680,635 750,375 1,358,247 23,247,835 E.4.l(b) Total A S S E T S STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 18, 1957 Phila CleveSt. MtnneBoston New York delphia. land Richmond Atlanta Chicago Louis apolis (In thousands of dollars) Kansas City Dallas San Franclscc Gold certificate account 21,099,391 1020,175 5,687,105 1097,585 1899,196 1391,023 780,856 3772,433 856,377 350,069 860,787 785,098 2598,687 Redemption fund for F. R. notes 846.132 55.446 48.063 149.588 42.062 22.380 57,161 75.960 71,053 178,777 42.111 27.010 76.501 Total gold certificate reserves 21,945,523 1075,621 5,865,882 1154,746 1975,156 1462,076 828,919 3922,021 898,439 372,449 902,918 812,108 2675,188 F.R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Total U. S. Govt, sees. 409,297 388,144 38,740 24,577 75,435 91,329 1,022,562 21,973 310 239,086 18,645 30,255 26,455 22,817 67,952 30,488 30,101 56,298 10,658 20,291 16,278 8,184 12,063 11,906 17,572 15,176 38,893 49,503 46,460 122,920 271 26,771 44,370 352,352 12,807 35,202 28 65,068 39,281 16,272 128,160 512,473 27,954 29,914 45,014 32,744 26,544 89,453 21,193 11,059 22,002 19,933,612 1087,299 4,985,018 1163,585 1750,929 1273,618 1032,502 3479,432 824,355 430,167 855,809 20,083 58,353 609 20,832 56,505 27,320 20,832 2.801.750 152.824 700.664 163.547 246.100 179.012 145.122 489.048 115.866 60.462 120.288 319.019 23,247,835 1268,077 5,813,842 1357,046 2042,043 1485,374 1204,168 4057,933 961,414 501,688 998,099 911,659 2647,092 23.247.835 1268,077 5.813.842 1357.046 2042.043 1485.374 1204.168 4057.911 q6l.4l4 501.688 998.099 Q11.05Q P647.0QP Total loans & securities 24,291,838 1290,360 6,073,760 1403,777 2164,963 1512,145 1248,538 4410,285 974,221 536,918 1063,167 950,340 2663,364 Due from foreign banks Uncollected cash items Bank premises Other assets 22 1 1/ 6 2 2 1 1 3 1 1 1 1 2 6,363,941 480,002 1,247,690 404,405 584,582 472,705 476,666 1018,021 257,616 164,302 304,112 294,158 659,682 81,898 5,119 10,584 4,603 9,331 7,218 5,788 6,810 5,639 5,l6o 4,791 5,900 10,955 113,786 6,246 27,078 6,335 9,949 7,230 5,903 21,373 4,527 2,527 4,726 5,317 12,575 TOTAL ASSETS 53,594,449 2920,666 13,391,764 3057,693 4792,883 3510,647 2664,255 9464,912 2171,392 1105,819 2303,684 2100,572 6110,162 l/ After deducting $16,000 participations of other Federal Reserve Banks. H.4.1(c) Total STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER l8, 1957 MinneClevePhilai St. Boston New York delphia apolis land Richmond Atlanta Chicago | Louis Kansas City San Dallas Francisco L I A B I L I T I E S 26,853,994 1591,790 6,291,285 1686,008 2555,291 2154,176 1250,065 5227,970 1193,739 463,062 1063,811 712,636 2664,161 Federal Reserve notes Deposits: Member bank reserves U.S.Treas.-gen.acct. Foreign Other Total deposits 19,109,870 841,417 5,401,904 874,420 1564,186 839,067 897,936 3112,358 671,333 429,202 862,538 1019,972 2595,537 167,154 38,152 53,858 35,407 28,626 70,171 33,198 638,738 26,508 30,973 67,706 33,398 53,587 31,860 18,054 15,930 50,268 13,098 360,902 20,532 1/106,376 24,780 8,496 13,452 l8,4o8 39,648 364 194,534 9,733 1,038 3,462 1,553 1.498 3.223 253,100 385 1.382 2.080 33.848 20,362,610 888,821 5,869,968 947,085 1650,942 895,990 944,045 3234,295 720,852 469,056 945,078 1073,858 2722,620 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 4,979,947 358,857 846,735 328,467 461,427 386,038 404,914 798,541 202,939 138,833 239,113 244,375 569,708 819 2,038 924 602 696 17,622 827 3,021 1,132 621 863 1.702 A2I1 52,214,173' 2840,600 13,012,365 2962,379 4669,698 3437,128 2599,851 9263,827 2118,132 1071,647 2248,623 2031,732 5958,191 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 F. R. notes outstanding Collat. for F. R. notes; Gold certificate acct. Eligible paper U. S. Govt, securities Total collateral — : . — — 2/ After deducting • » r — - i J 338,318 747,593 27,543 266,822 17,196 43,948 3,011 15,911 99,538 208,002 7,319 64,540 21,131 52,301 4,489 17.393 32,156 66,393 1,006 23,630 15,364 37,594 3,349 17,212 16,253 45,898 33,179 110,421 762 1,429 14.210 43.337 11,412 29,331 521 11.996 7,329 18,520 1,073 7.250 13,595 27,983 1,137 12.346 18,892 37,508 1,307 11.133 39,554 82,413 2,140 27.864 53,594,449 2920,666 13,391,764 3057,693 4792,883 3510,647 2664,255 9464.912 2171,392 1105.819 2303.684 2100.572 6ll0.l62 61,861 3,590 2/17,355 4,333 5,571 3,157 2,785 8,790 2,290 1,486 2,352 3,219 6,933 FEDERAL RESERVE AGENTS' ACCOUNTS 27,866,642 1656,490 6,517,855 1761,008 2621,944 2215,588 1306,211 5343,720 1246,978 520,335 1096,359 765,178 2814,976 11,978,000 580,000 3,170,000 640,000 1130,000 895,000 400,000 2500,000 450,000 130,000 300,000 283,000 1500,000 —— —— 4o,o4o —— —— —— —— 12,585 —— 64,840 —— — 123,465 : 1150.000 3,600,000 1200,000 1550,000 1350,000 1000,000 3000,000 875.000 425.000 820.000 525.000 1500.000 16,995,000 ;29,096,465 1730,000 6,770,000 l886.040 2680.000 2245.000 1400.000 5500.000 1337.585 555.000 ll84.840 8C8.OOO 1000.000 y vywsv X- — $44,506,000 participations of other Federal Reserve Banks.
@FedFRASER