H.4.1 BOARD 0^ bOVkfiNORS For Immediate Release OF TbE FEDERAL RESERVE SYSTEM February 6, 1958 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 February 5 decreased $92 million to $18,997 million. Estimated required reserves increased $5 million; and estimated excess reserves decreased $97 million to $410 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $221 million, compared with $212 million the week before. The principal changes reducing average reserves were decreases of $ll6 million in Federal Reserve float and $1C6 million in member bank borrowings, and an increase of $54 million in "other" F. R, accounts (net), The principal offsetting changes were decreases of $143 million in Treasury deposits with Federal Reserve Banks and $46 million in money in circulation. Total Reserve credit decreased $235 million. As of Wednesday, February 5, holdings of U. S. Government securities bought outright were $51 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $101 million higher, and member bank borrowings were $100 million lower. 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 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) Member bank reserves-- Required reserves (estimated) Excess reserves (estimated) Averages of daily figures For week ending Feb. 5, 1958 Change from week ending Jan. 29, 19581 Feb. 6, 1957 (In millions of dollars) 23,321 43 4l 1 8 9 1 803 257397 22,783 5,155 52,336 30,579 777 378 2 6 5 294 1,046 33,339 18,997 18,587 410 - 14 + 6 - 4 -106 -116 -235 -229 - 46 - 12 -143 - 10 + 19 + 54 -137 - 92 + 5 - 97 - 90 + 19 + 11 -426 - 25 -237 -759 +532 + 85 -131 - 17 - 40 - 1 5 6 - 68 + 18 + 54 -2CB + 77 +142 - 65 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 22,784 Treasury cash holdings 780 Treasury currency outstanding 5,158 Member bank) - Required (est.) 18,660 Money in circulation 30,582 reserves ) - Excess (est.) 398 On February 5, 1958, U, S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,646 million, a decrease of $121 million for the week and a decrease of $24 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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H . 4 . 1 BOARD 0^ bOVkfiNORS For Immediate Release
OF TbE FEDERAL RESERVE SYSTEM February 6, 1958
WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS
The average 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 the week ending February 5 decreased $92 m i l l i o n t o $18,997 m i l l i o n . Est imated r e q u i r e d r e s e r v e s increased $5 m i l l i o n ; and e s t ima ted excess r e s e r v e s decreased $97 m i l l i o n t o $410 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 $221 m i l l i o n , compared wi th $212 m i l l i o n the week b e f o r e .
The p r i n c i p a l changes reduc ing average r e s e r v e s were dec reases of $ l l 6 m i l l i o n i n F e d e r a l Reserve f l o a t and $1C6 m i l l i o n i n member bank borrowings , and an i n c r e a s e of $54 m i l l i o n i n " o t h e r " F. R, accounts ( 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 dec reases of $143 m i l l i o n in Treasury d e p o s i t s w i th Fede ra l Reserve Banks and $46 m i l l i o n in money i n c i r c u l a t i o n . To ta l Reserve c r e d i t decreased $235 m i l l i o n .
As of Wednesday, February 5, ho ld ings of U. S. Government s e c u r i t i e s bought o u t r i g h t were $51 m i l l i o n lower than a week e a r l i e r , U. S. Government s e c u r i t i e s he ld under repurchase agreement were $101 m i l l i o n h i g h e r , and member bank borrowings were $100 m i l l i o n lower.
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 tems
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 account Held under repurchase agreement
Acceptances— Bought o u t r i g h t Held under repurchase agreement
Loans, d i s c o u n t s , and advances— Member bank borrowings Other
F l o a t To ta l Reserve Bank c r e d i t
Gold s tock Treasury cur rency o u t s t a n d i n g
Money in c i r c u l a t i o n Treasury cash ho ld ings Treasury d e p o s i t s wi th F. R. Banks Foreign d e p o s i t s wi th F. R. Banks Other d e p o s i t s wi th F. R. Banks Other F. R. accounts (ne t )
Member bank r e s e r v e s - -Required r e s e r v e s ( e s t ima ted) Excess r e s e r v e s ( e s t ima ted )
Averages of d a i l y f i g u r e s For week ending
Feb. 5, 1958 Change from week ending
Jan . 29, 19581 Feb. 6, 1957 ( In m i l l i o n s of d o l l a r s )
23,321 43
4 l
1 8 9 1
803 257397 22,783
5,155 52,336
30,579 777 378 2 6 5 294
1,046 33,339
18,997 18,587
410
- 14 + 6
- 4
-106
-116 -235
-229
- 46 - 1 2 -143 - 1 0 + 19 + 54 -137
- 92 + 5 - 97
- 9 0 + 19
+ 11
-426 - 25 -237 -759 +532 + 8 5 -131
- 17 - 40 - 1 5 6 - 68
+ 1 8 + 54 -2CB
+ 77 +142 - 65
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 the r i tems appear ing above a r e , in m i l l i o n s of d o l l a r s :
Gold s tock 22,784 Treasury cash ho ld ings 780 Treasury cur rency o u t s t a n d i n g 5,158 Member bank) - Required ( e s t . ) 18,660 Money in c i r c u l a t i o n 30,582 r e s e r v e s ) - Excess ( e s t . ) 398
On February 5 , 1 9 5 8 , U, S. Government s e c u r i t i e s he ld i n cus tody by the Federa l Reserve Banks f o r f o r e i g n account were $3,646 m i l l i o n , a dec rease of $121 m i l l i o n f o r the week and a decrease of $24 m i l l i o n from the comparable da te a year ago . Digitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
( In thousands of d o l l a r s )
A S S Gold c e r t i f i c a t e
E T S account
Redemption fund f o r F, R. no tes Tota l gold c e r t i f i c a t e r e se rves
F. R. notes of o the r Banks Other cash Discounts and advances I n d u s t r i a l loans Acceptances--bought o u t r i g h t
—he la under repurchase agreement 3 . Government s e c u r i t i e s : Bought o u t n g h t - -
B i l l s C e r t i f i c a t e s Notes Bonds
Tota l bought o u t r i g h t Held under repurchase agreement
Tota l U. S. Government s e c u r i t i e s
Tota l loans and s e c u r i t i e s Due from f o r e i g n banks Uncol lected cash items Bank premises Other a s s e t s
TOTAL ASSETS
L I A B I L I T I E S Federa l Reserve no tes Depos i t s :
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 account Foreign Other
Tota l depos i t s Defer red 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
C A P I T A L A C C O U N T S Cap i t a l paid in Surplus (Sect ion 7) Surplus (Sec t ion 13b) Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
Rat io of gold c e r t i f i c a t e r e se rves to depos i t and F. R. note l i a b i l i t i e s combined
Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents
MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 5, 1958 (Acceptances and s e c u r i t i e s held under repurchase agreement a re c l a s s i f i e d as
maturing wi th in 15 days in accordance wi th maximum matur i ty of the agreements . )
Discounts and I n d u s t r i a l
Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years t o 10 years Over 10 years
Tota l
advances 11*9,1*89
3,l*7k 98
153,061
loans 120
20 21*9 123
312
Acceptances 12,138 27,700
39,838
U. S. Government s e c u r i t i e s
5,733,650 ^ 8 , 9 1 6
I k , 1*39,112 1,37k,1*00
56,610 1,358,2k?
23,1*10,935 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H 4 .1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH FEBRUARY 5, 1958 To ta l Boston New York P h i l a -
1 / A f t e r deduct ing $11,000 p a r t i c i p a t i o n s of o the r F e d e r a l Reserve Banks 2 / Less than $500. Digitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H. 4. 1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 5, 1958 To ta l
| 1 pfotla- Cleve^ . , , ^ ^ S t . Minne- Kansas San Boston J New York | d e l T ) h i a l a n d Richmond A t l a n t a Chicago L o u l a a p o l i 3 c i t y Dal las F r a n c l a c o
L I A B I L I T I E S
F e d e r a l Reserve no tes Depos i t s :
Member bank r e s e r v e s U . S . T r e a s . - g e n . a c c t . Fore ign Other
T o t a l d e p o s i t s
Defe r red a v a i l a b i l i t y cash i tems
Other l i a b i l i t i e s and accrued d iv idends
TOTAL LIABILITIES
CAPITAL ACCOUNTS
C a p i t a l pa id in Surplus (Sec t ion J ) Surplus (Sec t ion 13b) Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
Conting. l i a b . on a c c e p t -ances purchased f o r f o r e i g n correspondents
F . R. n o t e s ou t s t and ing C o l l a t f o r F. R. no tes :
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
T o t a l c o l l a t e r a l 29 ,440,088 1 0 5 0 , 0 0 0 b,070,000 1 8 4 7 , 2 7 0 2 7 3 0 , 0 0 0 2 2 6 5 , 0 0 0 1 4 2 5 , 0 0 0 5600.000 1 3 5 4 , 1 8 5 565,000 1133,633 8 0 8 , 0 0 0 3 0 0 0 . 0 0 0 l / A f t e r deduc t ing $191,706,000 p a r t i c i p a t i o n s of o the r Fede ra l Reserve Banks. 2 / A f t e r deduct ing $92,191,000 p a r t i c i p a t i o n s of o t h e r Fede ra l Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
