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BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM
H.4.1
For Immediate Release
September 3, 1959
WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS
and
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS
The average of dally figures of member bank reserves for the week ended
September 2 decreased $20 million to.$18,566 million. Estimated required reserves
increased $15 million; and estimated excess reserves decreased $35 million to
$432 million. Member hank borrowings at the Federal Reserve Banks exceeded excess
reserves by $533 million, compared with $473 million the week before.
The principal changes reducing average reserves were decreases of
$ll4 million in Federal Reserve float and $75 million in gold stock. The principal
offsetting changes were an increase of $118 million in Federal Reserve holdings of
U. S. Government securities and a decrease of $34 million in "other" F. R.
accounts (net). Total Reserve Bank credit increased $30 million.
As of
bought outright
securities held
bank borrowings
Wednesday, September 2, holdings of U. S. Government securities
were $132 million higher than a week earlier, U. S. Government
under repurchase agreement were $38 million higher, and member
were $65 million higher.
Member bank reserves,
Reserve Bank credit,
and related items
Reserve Bank credit:
U. S. Government securitiesBought 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
Week ended Change from week ended Wednesday
Aug. 26,
Sept. 2,
Sept. 3, Sept. 2,
1958
1959
1959
1959
(3[n millions of dollars)
26,650
4l
21
1
+132
- 14
+1,297
+
41
26,650
38
+
11
1
21
4-
+ 50k
617
1
765
28,092
19,525
5,273
52,890
1
28, 515
19,525
5,274
53,314
+ 25
- 1
-114
+ 30
- 75
- 9
- 55
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)
31,932
402
561
260
333
1,260
34,748
+
+
+
-
Member bank reserves-Required reserves (estimated)
Excess reserves (estimated)
* Less than $500,000.
18,566
18,134
432
- 20
+ 15
- 35
965
*
836
19
7
3
3
12
34
34
-
«•» *
44
+1,877
-1,486
4*
63
4453
4-
+ 551
289
4-
22
+
45
9
85
333
4-
120
-
44-
235
- 115
4-
*
31,962
404
541
273
345
1,257
34,783
18,107
18,173
-66
On September 2, 1959, U. S. Government securities held in custody by
the Federal Reserve Banks for foreign account were $4,304 million, an increase of
$58 million for the week and an increase of $935 million from the comparable date
a year ago.
H.4.1(a)
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(in thousands of dollars)
ASSETS
Gold certificate-account
Redemption fund for F. R. notes
Total gold certificate reserves
F. R. notes of other Banks
Other cash
Discounts and advances
Industrial loans
Acceptances:
Bought outright
Held under repurchase agreement
U. S. Government securities:
Bought outright—
Bills
Certificates
Notes
Bonds
Total bought outright
Held under repurchase agreement
Total U. S. Government securities
Total loans and securities
Due from foreign "banks
Uncollected cash items
Bank premises
Other assets
TOTAL ASSETS
Change since
Aug 2 5 — Sept. 3,
1959
Sept. 2,
1959
18,296,141
926,321
19,222,462
412,024
380,747
617,258
-
~
-
+
74,999
4,340
79,339
7,751
8,690
60,531
- -
20,553
383
-
mm mm
+
383
+
131,600
+
10,531
383
2,649,400
10,506,993
11,010,298
2,483,771
26,650,462
38,250
26,668,712
+
+
+
131,600
38,250
169,850
+ 1,264, 340
+
38,250
+ 1, 302, 590
27, 326,906
+
230,764
+ 1,724,771
-
4,984,842
96,564
159,071
52,582,631
-
— —
-11,000,298
+11,000,298
mm mm
«•
-
w m
+
+
31,606
198
18,544
184,936
+
+
+
+
+
-
LIABILITIES
Federal Re serve-note s
Deposits:
Member bank reserves
U. S. Treasurer—general account
Foreign
Other
Total deposits
Deferred availability cash items
Other liabilities and accrued dividends
TOTAL LIABILITIES
27,584,186
+
73,692
18,107,132
540,612
273,438
345,239
19,266,421
4,219,657
39,301
51,109,565
+
+
65,867
7,078
10,225
3,125
65,8^5
27,857
579
167,973
CAPITAL
ACCOUNTS
Capital paid in
Surplus
Other capital accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
382,475
868,410
222,181
52,582,631
41.0$
+ 1,264,340
- -
15
Ratio of gold certificate reserves to deposit
and F. R. note liabilities combined
Contingent liability on acceptances purchased
for foreign correspondents
Industrial loan commitments
1,254,753
53,008
1,201,745
+
99,763
+
21, 261
+
432,670
341
+
-
+
+
+
+
+
9
- -
+
+
16,972
184,936
•3$
-
71,622
350
440,615
6,615
27,963
+ 1,119,243
+
-
+
-
+
+
+
m
81,296
22,476
40,486
14,624
84,682
488,313
22,138
1,003,308
+
26,451
+
59,215
+
30,269
+ 1,119,243
-
1,511
—
577,539
-
3.1#
15,678
686
MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 2, 1959
(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
Digitized for Total
FRASER
Discounts and
advances
606,988
10,113
157
-—
—
617,258
Acceptances
7,390
13,546
—
__
--20,936
U. S. Government
securities
252,110
6,617,450
11,825,083
6,523,912
410,385
1,059,772
26,688,712
H.4,l{b)
Total
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
STATEMENT OF CONDIT][ON OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 2, 1959
ClevePhilaSt.
Boston
New York
Richmond Atlanta Chicago
delphia
land
Louis
(In thousands of dollars)
Minneapolis
Kansas
City
Dallas
San
Francisco
18,296, l4l 844,590 4,665,983 1058,399 1593,239 1074,325 864,217 3262,465 667,145 383,631 718,460 649,791 2513,896
926,321
55,518
191,099
59,874
84,534
77,079
57,153 175,641
42,642
23,201
43,892
29,598
86,090
19,222,462 900,108 4,857,082 1118,273 1677,773 1151,4o4 921,370 3438,106 709,787 406,832 762,352 679,389 2599,986
412,024
380,747
73,826
69,031
35,054
23,021
16,580
35,779
33,473
24,001
68,196
31,580
59,031
10,538
23,265
29,211
7,725
21,179
13,038
15,980
13,649
34,737
49,506
Discounts and advances
617,258 27,289
84,211
Acceptances:
Bought outright
- 20,553
20,553
Held under rep. agree.
383
383
U. S. Govt, securities:
Bought outright—
Bills
2,649,400 143,637
666,727
Certificates
10,506,993 569,637 2,644,106
Notes
11,010,298 596,923 2,770,763
Bonds
2,483,771 134,658
625,046
Total
26,650,462 1444,855 6,706,642
Held under rep. agree.
38,250
38,250
32, 336
73,163
12,952
84,248 157,674
41,356
13,417
49,963
27,421
13,228
41,670
26,532
- -
36,169
--
- -
--
- -
151,085
599,172
627,873
141,639
1519,769
——
229,380
909,674
953,250
215,040
2307,344
——
169,794
673,373
705,628
159,180
1707,975
——
139,634
553,760
580,287
130,905
1404,586
——
- "
458,485 107,751
60,345 114,202 105,748 302,612
1818,256 427,319 239,318 452,904 419,376 1200,098
1905,354 447,789 250,782 474,599 439,465 1257,585
429,821 101,015 56,573 107,063 99,137 283,694
4611,916 1083,874 607,018 1148,768 1063,726 3043,989
——
——
Total U. S. Govt, sees.
26,688,712 1444,855 6,744,892 1519,769 2307,344 1707,975 1404,586 4611,916 1083,874 607,018 1148,768 1063,726 3043,989
Total loans & securities
27,326,906 1472,144 6,850,039 1552,105 2380,507 1720,927 1488,834 4769,590 1125,230 620,435 1198,731 1091,147 3057,217
Due from foreign banks
Uncollected cash items
Bank premises
Other assets
TOTAL ASSETS
1
15
4,984,842 350,560
4,428
96,564
8,542
159,071
52,582,631 2803,985 12,829,999 3050,214 4564,852 3357,574 2919,753 9123,597 2082,353 1219,356 2238,696 2070,975 6321,277
1/ After deducting $11,000 participations of other Federal Reserve Banks.'
2/ Less than $500.
M
1/4
1
l
l
1
2
1 2 /
1
1
1
931,377 308,981 430,837 4io,896 386,185 785,193 200,000 146,453 231,055 254,831 548,474
10,078
4,104
9,331
6,832
9,602 13,453
6,905
5,115
4,678
9,559 12,479
38,562
8,675 14,044 10,040
9,396
26,642
6,627
3,585
7,662
6,419
18,877
H.4.1(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 SEPTEMBER 2, 1959
St.
ClevePhilaRichmond Atlanta Chicago Louis
New York delphia
Boston
land
(In thousands of dollars)
28,584,186 1586,593
Minneapolis
Kansas
City
San
Dallas Francisco
6,414,155 1735,429 2532,669 2084,590 1513,765 5254,656 1203,950 608,477 1107,634 795,861 2746,407
18,107,132 754,136 4,840,669 895,262 1463,227 791,6l4 936,690 2863,762 615,996 415,956 828,032 929,957 2771,831
57,155
27,389 46,634 35,953
80,815
38,528 37,192 39,579 47,022 59,457 35,566
540,612 35,322
13,988
30,128
12,643
39,812
9,953
6,456
10,491
1/79,758 17,754 24,210 13,450
14,795
273,438
l,26l
56,245
1,469
805
362
361
1,432
275,048
1,468
1,142
4,525
1,121
345,239
19,266,421 "805,374 5,276,290 953,012 1525,771 849,160 997,824 29b3,03b bbl,077 450,162 006,509 901,159 2915,359
4,219,657 327,033
728,159 262,933 370,118 344,873 334,706 679,745 158,118 123,203 183,774 217,295
489,700
2,303
10,l6l
2,001
3,872
2,179
2,106
6,369
1,465
1,542
1,574
1,526
4,203
39,301
2721,303
12,428,765
2953,375
4432,430
3280,810
2848,401
8904,606
2025,410
1183,384
2179,571
1995,841
6155,669
51,109,565
CAPITAL ACCOUNTS
Capital paid in
Surplus
Other capital accounts
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
Conting. liab. on acceptances purchased for
foreign correspondents
Industrial loan commit.
382,475
868,410
222,181
18,975
50,116
13,591
22,754
59,607
14,478
36,003
76,643
19,776
17,137
44,846
14,781
19,663 52,185
39,474 132,159
12,215 34,647
12,733
33,746
10,464
8,681
20,785
6,506
15,599
32,935
10,591
21,926
43,436
9,772
47,073
95,761
22,774
2803,985 12,829.999 3050,214 4564.852 3357,574 2919,753 9123,597 2082,353 1219,356 2238,696 2070,975 6321,277,
71,622
350
3,938
F. R. notes outstanding
28,518,104 1652,442
Collat. for F. R. notes:
Gold certificate acct. 10,750,000 580,000
123,555
Eligible paper
U. S. Govt, securities 18,960,000 1150,000
Total collateral
297833,555 1730,000
1/ After deducting $193,680,000 participations
2/ After
deducting $51,552,000 participations
109,746
238,902
52,586
2/20,070
4,726
6,444
10
3,580
3,365
10,597
2,649
1,719
2,792
340
3,723
8,019
FEDERAL RESERVE AGENTS' ACCOUNTS
6,646,562 1786,598 2593,607 2151,566 1575,015 5361,722 1251,967 625,501 1139,140 036,064 2097,120
2,920,000 640,000 920,000 670,000 500,000 2000,000 430,000 200,000 300,000 290,000 1300,000
32,290
—
—
—
-41,330
—
49,935
4,000,000 1200,000 1750,000 1550,000 1200,000 3500,000 935,000 450,000 850,000 575,000 1800,000
6,920,000 1872,290 2670,000 2220,000 1700,000 5500,000 1406,330 650,000 1199,935 865,000 3100,00
of other Federal Reserve Banks.
of other Federal Reserve Banks.
@FedFRASER