H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF Q6VERNOR SFor Immediate Release H.4.1 OF THE FEDERA LRESERVE SYSTEM April 4, 1957 WEEKLY AVERAGES OF MEMBER BAN KRESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITIO NOF THE FEDERA LRESERVE BANKS The average of daily figures of member ban kreserves for the week ending April 3 decreased $103 millio nto $18,868 million .Estimated required reserves increased $149 million; and estimated exces sreserves decreased $252 million to $3^2 million. Member bank borrowings at th eFederal Reserve Banks exceeded excess reserves by $707 million ,compared with $22 5million the week before. The principal changes reducing average reserves were a decrease of $90 million in Federa lReserve float, and increases of $16 4million in Treasury deposits with Federa lReserve Banks, $109 millio nin "other"deposits with Federal Reserve Banks, and $86 millio nin mone yin circulation .The principal offsetting changes were increases of $23 0million in member ban kborrowings and $106 million in U. S. Government securities held under repurchase agreement, an da decrease of $40 million in foreig ndeposits with Federal Reserve Banks. Total Reserve Bank credit increased $235 million. As of Wednesday ,April 3, U .S. Government securities held under repurchase agreement wer e$202 million higher tha na week earlie rand member bank borrowings were $504 millio nhigher. Member bank reserves, Reserve Bank credit, FFoorr wweeeekk eennddiinngg Change from week ending and related items AApprr.. 33,, 11995577 Mar. 27, 1957 1 Apr. 4 ,1956 (In mL:l lions of dollars) Reserve Bank credit; U. S. Government securities-- Bought outright--System account 23,040 - 11 -54% Held under repurchase agreement 149 +106 +102 Acceptances—bought outright 23 -- + 8 Loans, discounts, an dadvances— Member bank borrowings 1,049 +230 + 64 Other 26 -- +25 Float 877 - 90 -145 Total Reserve Bank credit 25,165 +235 "493 Gold stock 22,306 + 1 +590 Treasury currency outstanding 5,086 + 3 + 69 52,557 +239 +1%7 Money in circulation 30,588 + 86 +267 Treasury cash holdings 809 - 4 + 25 Treasury deposits with F. R. Banks 517 +164 - 43 Foreign deposits with F. R. Banks 294 - 40 - 53 Other deposits with F. R. Banks 314 +109 -130 Other F. R. account s(net) 1,167 + 28 + 92 33,688 +341 +158 Member bank reserves-- 18,868 -103 + 8 Required reserves (estimated) 18,526 +149 +204 Excess reserves (estimated) 342 -252 -196 For Wednesday Federal Reserve figures see STATEMEN TOF CONDITIO NOF THE TWELVE FEDERAL RESERVE BANKS COMBINED - attached. Latest Wednesday figures for other items appearing above are, in million sof dollars: Gold stock 22,306 Treasury cash holding s8l8 Treasury currency outstanding 5,087 Member bank) - Require d(est.) 18,660 Money in circulatio n30,592 reserves ) - Exces s(est.) 535 On April 3, 1957 ,U. S. Government securities held in custody b ythe Federal Reserve Banks for foreign account were $3,741 million, an increase of Digitize$d 2fo0r FRmAiSlElRi on for the week an da decrease of $51 million from the comparable date http://fraser.stlouisfed.org/ a year ago. Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Apr. 3, Mar. 27, Apr. 4, 1957 1957 1956 A S S E TS Gold certificate account 20,774,392 + 583,404 Redemption fund for F. R. notes 850,086 2,061 + 4,913 * Total gold certificate reserves 21,624,478 - 2,061 + 588,317 F. R. note sof other Banks 380,650 - 26,977 + 87,390 Other cash 427,626 - 19,741 + 45,792 Discounts and advances 1,120,804 + 504,220 + 476,422 Industrial loans 787 ~ 8 + 122 Acceptances—bought outright 23,375 + 700 + 8,372 U. S. Government securities: Bought outright-- Bills 304,705 394,295 Certificates 11,362,199 + 429,500 Notes 8,571,413 582,500 - Bonds 2,801,750 -- -- Total bought outright 23,040,067 547,295 ~ Held under repurchase agreement 227,500 + 202,000 + 206,500 Total U. S« Government securities 23,267.567 + 202,000 - 340,795 Total loans an dsecurities 24,412,533 + 706,912 + 144,l&L Due from foreign banks 22 Uncollected cash items 4,516,203 - 94,908 + 311,192 Bank premises 75,768 + 117 + 11,438 Other assets 89,433 - 55,997 - 25,192 TOTAL ASSETS 51,526,713 + 507,345 +1,163,058 L I A B I L I T I ES Federal Reserve notes 26,449,856 + 78,189 + 403,715 Deposits: Member bank reserves 19,194,623 + 845,101 + 609,079 U. S. Treasurer--general account 360,016 - 129,857 ~ 143,284 Foreign 249,308 - 95,535 - 77,361 Other 297,823 - 1,652 - 4,471 Total deposits 20,101,770 + 618,057 + 383,963 Deferred availability cash items 3,604,705 199,212 + 266,001 - Other liabilities and accrued dividends 17,744 - 1,004 - 390 TOTAL LIABILITIES 50,174,075 + 496,030 +1,053,289 C A P I T AL A C C O U N TS Capital paid in 330,899 + 134 + 20,633 Surplus (Section 7) 747,593 -- + 53,981 Surplus (Section 13b) 27,543 Other capital accounts 246,603 + 11,181 + 35,155 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,526,713 + 507,345 +1,163,058 Ratio of gold certificate sreserves to deposit and F. R. not eliabilities combined 46.51 - .7# + .5# Contingent liability on acceptances purchased for foreign correspondents 62,542 + 3,607 + 20,189 Industrial loan commitments 1,956 - 18 - 482 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. APRIL 3, 1957 (Acceptances and securities held under repurchase agreement ar eclassified as maturing within 1 5days in accordance with maximum maturity of the agreements.) Discounts and Industrial U. S. Government advances loans Acceptances securities Within 15 days 1,089,766 9,337 252,450 16 days to 90 days 31,038 386 14,038 279,755 91 days to 1 year 136 19,946,105 Over 1 year to 5 years 220 360,786 Over 5 years to 10 years 1,013,614 Over 10 years 1,414,857 Digitized for FRASER http://fraser.stlou T isf o e t d. a or l g/ 1,120,904 ffi 23,375 23,267,567 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITIO NOF EACH FEDERA LBESERVE BANK OH APRIL 3, 1957 H. 4. 1(b) Total Boston New York de m l i p l h a i - a Cl l e a v n e d - Richmond Atlanta Chicago L S o t ui . s M a i p n o n l e i - s Ka C n i s t a y s Dallas Fra S n a ci n s co (In thousands of dollars] A S S E TS 1004,969 5,605,357 1143,286 1891,559 1358,611 844,318 3389,310 875,402 389,719 934,974 787,426 2549,461 Gold certificate account 20,774,392 Redemption fund for F. R- notes 850.086 55.708 178.291 60,905 75>770 63,734 50,071 153,779 43.173 22,750 41,098 25.765 79,042 Total gold certificate 1060,677 5,783,648 1204,191 1967,329 1422,345 894,389 3543,089 918,575 412,469 976,072 813,191 2628,503 reserves 21,624,478 E.R. notes of other Banks 380,650 19,189 67,122 23,044 33,294 16,381 97,348 27,878 7,680 12,069 4,569 41,292 30,784 Other cash 427,626 33,973 99,868 23,220 41,065 19,835 31,747 64,046 22,949 11,768 12,273 20,069 46,813 Discounts and advances 1,120,804 40,725 291,270 47,265 103,998 41,870 47,600 471,625 9,325 15,796 23,330 18,800 9,200 Industrial loans 787 335 415 37 Acceptances - - Sought outright 23,375 23,375 U. S. Govt, securities: 'Sought outright— Bills 304,705 16,621 76,201 17X,(7 8,6 ( U 2U6C.,V7,6 4| U-T 19,469 15,782 53,187 1,2 ,-6071 -6 ,"5T"7'6 - 1'3 ,'0'8 2- -1 1', 941 34,695 2841,470 663,246 998,033 725,965 588,528 1983,283 469,884 245,196 487,813 445,273 1293,745 "Beartificates 11,362,199 619,763 Notes 8,571,413 467,536 152!824 % 6 64 163!54? llt'.lOO 179^012 145A22 % o 48 115:866 ^60:462 12o'.2m 109:798 fl^Oll Bonds 2,801,750 1256/744 5,761,883 1344:918 2023,793 1472,099 1193,406 4021,667 952,822 497,205 989,179 902,917 2623,434 Total 23,040,067 Held under repurchase agreement 227,500 227,500 1256,744 5.989.383 1344,918 2023,793 1472,099 1193,4o6 4021,667 952,822 497,205 989,179 902,917 2623,434 Total U. S. Govt, sees. 23,267,567 1297,804 6,304,028 1392,598 2127,791 1513,969 1241,006 4493,292 $62,14? 513,038 1012,509 921,717 2632,634 Total loans & securities 24,412,533 ! niis *%: is =;:i %ss "id is 'ssi "Due from foreign banks 22 1 Uncollected cash items 4,516,203 349,879 Bank premises 75,768 5,285 20:888 4.976 8.020 $,535 4,535 17,546 3,490 1,885 —3,572 4^188 10,184 Other assets 89,433 4,614 2771,422 13,110,499 2939,300 4591,852 3316,669 2638,452 8925,092 2100,906 1068,373 2237,70 12026,365 5800,082 TOTAL ASSETS 51,526,713 1/ After deducting $16,000 participation sof other Federa lReserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITIO NOF EACH FEDERA LRESERVE BANK ON APRIL 3, 1957 H.li.l(o) Phila- Cleve- St. Minne- Kansas San Total Boston Hew York delphia land Richmond Atlanta Chicago Louis apolis^ City- Dallas Francisco (In thousands of dollars) LI A BI L H I R E. 1555,-460 6,224,384 1682,635 2503,138 2091,282 1272,834 5103,71 51177,464 481,302 1053,945 682,649 2621,048 Federal Reserve notes 26,449,856 Deposits* Member bank reserves 19,194,623 808,088 5,555,508 914,535 1577,442 835,362 945,598 2929,820 700,374 421,778 913,394 1043,553 2549,171 U.S.Treas.-gen. acct. 360,016 18,790 „ , 45,599 9,179 27,574 27,984 33,717 41,427 14,184 32,992 40,917 37,217 30,436 F O o t r h e e i r g n 2 29 4 7 9 , , 8 3 2 0 3 8 13, 6 2 0 8 0 2 y 2 2 8 4 4 , , 4 6 9 3 6 2 1 9 6 , , 6 0 1 3 3 0 2 3 0 , , 20 61 1 0 5 1 , 1 0 ,6 0 7 4 9 1 1 0 , , 8 3 3 0 6 5 1 3 , 2 6 , 2 51 4 8 8 , 1 4 , 7 57 3 5 5,4 3 9 7 6 0 8 - , 7 8 0 , 2 2 15 1 2 1 , , 7 9 4 0 3 8 3 2 8 5 , , 5 6 4 7 6 3 Total deposits 20,101,770 840,760 5,910,235 949,357 lb2B,B27 880,029 991,456 3005,389 724,606 460,636 971,228 1095,421 2643,826 Deferred availability 295,285 601,547 212,175 336,807 272,646 310,263 615,705 145,815 91,943 158,044 179,885 384,590 cash items 3,604,705 Other liabilities and 892 4,807 828 2,368 794 795 3,292 509 587 569 622 1,681 accrued dividends 17,744 2692,397 12,740,973 2844,995 44?l,l4o 3244,751 2575,348 8728,101 2048,39% 1034,468 2183,786 1958,577 5651,145 TOTAL LIABILITIES 50,174,075 CAPITAL ACCOUNTS S C u a r p p i l t u a s l ( p S a e i c d ti i o n n 7) 7 3 4 3 7 0 , ,8 5 9 9 9 3 1 4 7 3 , , 1 9 1 4 6 8 9 2 5 0 , 8 0 , 8 0 6 02 2 5 0 2 , , 9 3 6 0 8 1 6 3 6 1 1 , , , 3 8 0 9 8 0 3 6 1 3 3 1 , 7 5 3 , , 4 5 1 9 8 9 4 1 33 1 7 , 5 6 1 , 2 7 95 9 3 11 0 1 4 , , 5 4 4 , 2 2 1 1 0 9 4 5 2 1 2 9 1 , , 1 2 3 9 3 1 7 1 ,07 3 7 18 , , 2 5 7 2 2 0 2 1 7 1 3 , , , 9 1 3 8 3 0 7 3 4 l 3 8 1 7 , , , 3 4 5 0 l 0 7 8 8 8 3 2 2 9, , , 3 4 1 1 1 4 9 0 3 Surplus (Section 13b ) 27,543 3,011 7,319 4,489 21,432 15,794 13,210 40,037 11,363 7,040 11,491 10,555 25,065 Other capital accounts 246,603 14,950 59,119 16,547 TOTAL LIABILITIES AND 2771,422 13,110,499 2939,300 4591,852 3316,669 2638,452 8925,092 2100,906 1068,373 2237,70 12026,365 5800,082 CAPITAL ACCOUNTS 51,526,713 Conting. liab. on accepta f n o c r e ei s g n p u c r o c r h r a e s s e p d o f n o d r en ts 62,542 3,625 17,604 4,375 5,625 3,187 2,813 8,875 2,313 1,500 2,375 3,250 7,000 Industrial loan commit. 1,956 6 57 85 1,808 FEDERAL RESERVE AGENTS' ACCOUNTS 1617,220 6,474,74a 1790,184 2582,493 2146,424 1338,754 5187,99 31218,728 539,152 1075,289735,0052750,743 F. R. note soutstanding 27,464,733 Collat. for F. R. notesj 580,000 3,170,000 640,000 1130,000 915,000 450,000 2300,000 450,000 130,000 300,000 283,000 1500,000 Gold certificate acct. 11,848,000 *515 — — - - —— — — 8,400 — — 22, jOU Eligible paper 76,295 1150 000 3,600,000 1200'000 1500,000 1310,000 1000,000 3100,000 875,000 46o,ooo 820,000 525,000 1500,000 U. S. Govt, securities 17,040,000 1730.000 6,770,000 1885,515 2630,000 2225,000 1450,000 5400,000 1333,40 0590,000 1142,380 808,000 3000,000 Total collateral 26,964,295 J.WWVW. ^ * * * ~ f Z-Z-S 1/ After deducting $164,651,000 participation sof other Federa lReserve Banks. 2/ After deducting $ 44,938,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis