H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS For Immediate Release H.U.I OF THE FEDERAL RESERVE SYSTEM April 18, 1957 WEEKLY AVERAGES OF MEMBER BAH RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of daily figures of member ban kreserves for the week ending April 17 increased $19 million to $19,107 million .Estimated required reserves increased $18 million; and estimated excess reserves increased $1 million to $548 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $671 million, compared with $658 million the week before. The principal changes supplying average reserves were increases of $86 million in Federal Reserve float, $20 million in Federal Reserve holdings of U. S. Government securities, and $14 million in member ban kborrowings. The^ principal offsetting changes were increases of $91 millio nin Treasury deposits with Federal Reserve Banks and $26 million in money in circulation. Total Reserve Bank credit increased $120 million. As of Wednesday, April 17, holdings of U. S. Government securities bought outright were $129 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $113 million lower, and member bank borrowings were $4l8 million lower. Averages of daily figures Member bank reserves, Reserve Bank credit, For week ending Chanee from week ending and related items At>ril 17, 1957 Apr. 10, 1957 Apr, , 18, 1956 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 23,146 +106 -231 Held under repurchase agreement 136 - 86 +114 Acceptances— + 10 Bought outright 25 + 1 Held under repurchase agreement 1 — — Loans, discounts, and advances-- 1,219 + 14 +110 Member bank borrowings + 25 26 Other 967 + 86 6 Float +120 + 23 Total Reserve Bank credit 25,520 22,313 + 6 +572 Gold stock Treasury currency outstanding 5,089 + 1 ±71 +126 +667 52,923 30,681 + 26 +391 Money in circulation 808 6 + 23 Treasury cash holdings 478 + 91 - 53 Treasury deposits with F. R. Banks 344 + 4 - 3 Foreign deposits with F. R. Banks 300 - 5 - 13 Other deposits with F. R. Banks Other F. R. accounts (net) 1,203 - 2 +122 33,815 +108 +468 19,107 + 19 +198 Member bank reserves— Required reserves (estimated) 18,559 + 18 +241 Excess reserves (estimated) 548 + 1 - 43 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 22,317 Treasury cash holdings 797 Treasury currency outstanding 5,089 Member bank - Required est. lb,bfj Money in circulation 30,650 reserves ) - Excess (es .) On April 17, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,749 million, an increase of $50 million for the week and decrease of $30 million from the comparable date a Digitized for FRASER year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF CONDITION OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change slnce Apr. IT, Apr. Apr. 18, 1957 1957 1956 A SS E T S Gold certificate account 20,779,393 + 5,000 + 563,407 Redemption fund for F. R. notes 855,646 + 7,753 + 17,985 Total gold certificate reserves 21,635,039 + 12,753 + 581,392 F. R. notes of other Banks 387,940 + 21,917 + 76,747 Other cash 387,803 14,880 + 5,609 Discounts and advances 809,046 418,095 + 5,904 Industrial loans 783 3 93 Acceptances: Bought outright 24,910 + 504 9,939 Held under repurchase agreement 3,043 U. S. Government securities: Bought outright-- Bills 434,105 129,400 - 36,965 Certificates 11,362,199 + 429,500 - 582,500 Notes 8,571,413 Bonds 2.801,750 Total bought outright 23,169,467 + 129,400 - 189,965 Held under repurchase agreement §9400 - 112,900 + 69,300 Total U. S. Government securities 23,238,767 + 16,500 - 120,665 24,073,506 404,137 - 104,915 Total loans and securities 22 Due from foreign banks 5,677,137 +1,344,360 + 419,502 Uncollected cash items 76,685 + 508 + 11,376 Bank premises 115,344 + 12,373 19,324 Other assets 52,353 >76 + 972,894 970,387 TOTAL ASSETS L I A B I L I T I ES 26,451,036 4,070 + 467,501 Federal Reserve notes Deposits: Member bank reserves 18,914,559 7,488 + 179,860 U. S. Treasurer—general account 384,075 + 7,724 - 59,882 360,005 + 25,944 + 4,319 Foreign 299,892 8,374 8,851 Other Total deposits 19,958,531 + 17,806 + 115>446 4,550,102 + 940,194 + 274,260 Deferred availability cash items 18,511 616 + 796 Other liabilities and accrued dividends 50,978,180 961,454 + 858,003 TOTAL LIABILITIES C A P I T AL A C C O U N TS 331,329 268 + 17,843 Capital paid in 747,593 + 53,981 Surplus (Section 7) 27,543 Surplus (Section 13b) 268,831 11,172 +_ 40,560 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,353,476 972,894 + 970,387 Ratio of gold certificate reserves to deposit 46.6% .7* and F. R. note liabilities combined Contingent liability on acceptances purchased 62,886 952 + 16,039 for foreign correspondents 1,956 2 571 Industrial loan commitments MATURITY DISTRIBUTION OF LOANS AND SECURITIES. APRIL 17, 1957 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and Industrial U. S. Government advances l^oans Acceptances securities - " 128,600 Within 15 days 778,932 6,989 16 days to 90 days 30,114 388 17,921 374,805 91 days to 1 year 146 19,946,105 Over 1 year to 5 years 210 360,786 1,013,614 Over 5 years to 10 years 1.414,857 Digitized foOr vFeRArS E1R0 years http://fraser.stlouiTsfoedt.oargl/ 809,046 753 24,910 23,238,767 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH APRIL 17, 1957 5.4.1(b) Total Boston New York d P e h l i p l h a i - a Cl l e a v n e d - Richmond Atlanta Chicago Lo S u t i . s M a i p n o n l e i - s Ka c n i s t a y s Dallas Fran Sa ci n s co (In thousands of dollars) A S S E TS Gold certificate account 20,779,393 1005,551 5,536,470 1173,311 1836,503 1327,963 847,523 3643,594 869,275 327,754 934,025 716,018 2561,406 Redemption fund for F. R. notes 855,646 55.471 177.360 60,521 75.418 72,436 49.813 153.372 43,056 22.714 41.006 25.686 78,793 Total gold certificate 1061,022 5,713,830 1233,832 1911,921 1400,399 897,336 3796,966 912,331 350,468 975,031 741,704 2640,199 reserves 21,635,039 F.R. notes of other Banks 387,940 20,538 73,770 23,730 27,825 18,849 94,228 26,821 9,047 12,474 6,204 41,361 33,093 Other cash 387,803 29,742 88,394 17,854 38,478 17,396 30,961 57,316 22,719 11,665 10,870 17,357 45,051 Discounts and advances 809,046 53,537 141,330 30,400 90,514 20,895 19,375 300,525 9,560 51,965 43,295 20,000 27,650 Industrial loans 783 331 4l6 36 Acceptances- Bought outright 24,910 24,910 U. S. Govt, securities: Bought outright— Bills 434,105 23,679 108,561 25,339 38,131 27,737 22,485 75,774 17,952 9,368 18,638 17,012 49,429 Certificates 11,362,199 619,763 2,841,470 663,246 998,033 725,965 588,528 1983,283 469,884 245,196 487,813 445,273 1293,745 Notes 8,571,413 467*536 2*143)548 500,339 752,896 547,653 443,974 1496,149 354,471 184,971 367,996 335,905 975,975 60.462 120.288 109,798 319,019 152*824 *700*664 163,547 246,100 179.012 145,122 489.048 115,866 Bonds 2,801,750 499,997 994,735 907,988 2638,168 Total 23,169,467 I263I802 5,794)243 1352,471 2035,160 1460,367 1200,109 404^,254 950,173 Held under repurchase agreement 69,300 69,300 1263,802 5,863,543 1352,471 2035,160 1480,367 1200,109 4044,254 958,173 499,997 994,735 907,988 2638,168 Total P. S. Govt, sees. 23,238,767 1317,670 6,029,783 1383,287 2125,674 1501,262 1219,484 4344,779 967,733 551,998 1038,030 927,988 2665,818 Total loans & securities 24,073,506 1 1 12 Due from foreign "banks 22 1 1/ 6 2 2 1 1 3 ^ 1 143,470 242,436 275,944 549,951 450,821 1,0957454 333,640 517,338 441,407 483,241 906,995 236,440 Uncollected cash itenfe 5,677,137 4,929 4,682 4,688 10,698 Bank premises 76,685 5,285 9,729 4,715 8,535 7,243 5,310 5,839 5,032 2.441 4.672 5,356 13,184 6.022 27.484 6,475 9.918 7.201 5,921 22,162 4^08 Other assets 115.344 2891,101 13,038,450 3003,535 4639,691 3393,758 2736,482 9160,881 2157,811 1077,446 2281,926 2014,399 5957,996 TOTAL ASSESS 52,353,476 1/ After deducting $16,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 1' H.4.1(c) St. Minne- Kansas San Phila- Cleve- Dallas Total I Boston New York delphia land Richmond Atlanta Chicago Louis apolis City IFrancisco l i a b i l i t i es 1568,537 6,210,591 1694,776 2502,386 2089,180 1271,969 5109,188 1178,157 484,018 1056,202 684,984 2601,048 Federal Reserve notes 26,451,036 Dep M o e s m i b t e s r : bank reserves 18,914,559 837,582 5,217,440 901,590 1547,966 826,341 950,137 3000,392 69 2 6 5 , ,0 3 7 04 9 4 1 1 8 1 , , 7 9 8 8 2 3 9 2 3 4 0 , , 6 9 4 9 5 7 9 2 8 8 0 , , 5 3 8 1 8 6 2 3 6 3 1 , 3 1 , 8 5 8 11 U.S.Treas.-gen. acct. 384,075 21,531 66,019 24,425 22,508 28,283 25,068 65,959 12,950 8,400 13,300 18,200 39,200 Foreign 2 3 9 60 9 , . 0 8 0 9 5 2 20,3 4 0 38 0 ~ 1 /1 2 0 3 8 2 , , 3 4 5 6 5 4 2 9 4 . , 5 5 1 0 5 0 1 3 , 1 1 , 0 5 1 00 4 1 , 7 1 , 4 8 4 5 0 1 2 5 . , 2 7 5 5 4 0 4 1. 9 5 , 6 70 4 0 1.198 618 5,313 2,658 38,625 Oth T e o r t al deposits 19,950,531 379,851 "5,624,27* 960,030 1603,075 993,209 3117,615 735,531 439,783 974,255 1029,762 2724,524 Deferred availability 190,226 118,611 196,027 230,154 479,266 361,535 823,073 252,205 409,483 353,816 406,282 729,424 cash items 4,550,102 Other liabilities and 11,*002200 44,,80l180 9y48c > w y2, 0r8.r5- . 2 2^2 w J§L3o2 —3 >371 583 652 620 893 1,786 accrued dividends 18,511 2104,497 1043,064 2227,104 1945,793 5806,624 28lol943 12,662)760 2907,959 4517,029 3320,517 2672,292 8959,590 TOTAL LIABILITIES 50,970,100 CAPITAL ACCOUNTS Capital paid in 331,329 1 4 7 3 , , 1 9 2 4 0 8 2 9 0 5 8 , , 1 0 0 0 3 2 2 5 0 2 , , 9 3 7 0 1 1 3 6 1 6 , , 9 3 5 9 9 3 1 3 5 7 , , 1 5 9 9 6 4 1 3 5 3, , 1 9 7 9 9 4 1 4 1 5 0 , , 2 42 7 1 8 1 2 1 9 , , 3 3 4 3 3 1 1 7 8 , , 2 5 7 2 6 0 2 1 7 3 , , 9 30 8 6 3 1 3 8 7 , , 4 5 5 08 6 8 3 2 9 , , 4 32 1 7 3 S S O u u t r r h p p e l l r u u s s c a ( p ( S S i e e t c c a t t l i i o o a n n c c 7 1 o 3 ) u b n ) t s 7 2 4 2 6 7 7 8 , , , 5 5 8 9 4 3 3 3 1 1 3 6 , . 0 0 1 7 1 9 7 6 , 5 3 . 1 2 9 66 17. 8 M 15 89 1 2 , 3 0 , 0 3 6 0 4 1 3 7 , . 3 1 4 0 9 2 7 1 6 4, 2 2 55 44 1 , , 1 4 5 2 5 9 12, 5 1 2 1 1 9 7 1 , , 5 07 1 3 3 1 1 2 , , 1 3 3 9 7 6 1 1 1 , , 3 33 07 5 2 2 7 , , 1 4 4 9 0 2 TOTAL LIABILITIES AND il.0l8.450 3003-515 4619.691 31Q1-758 2736.482 Q160.881 2157,811 1077,^6 2281,926 2014,399 5957,996 CAPITAL ACCOUNTS 52,353,476 2891,101 Conting. liab. on accepts f a o n r c e e i s g n pu r c c o h r a r s e e s d po n f d o e r n ts 62,886 3,648 2/17,661 4,403 5,661 3,208 2,830 2,327 1,510 2 1 , , 3 8 9 0 0 8 3,271 7,045 5 58 21 — Industrial loan commit. 1,956 FEDERAL RESERVE AGENTS' ACCOUNTS 5223,078 1227,863 ),474,292 1792,959 2582,001 2146,653 1330,167 F. R. notes outstanding 27,505,532' Collat. for F. R. notes: 2300,000 450,000 Gold certificate acct. 8,635 Eligible paper 875,000 U. S. Govt, securities 1333.6: Total collateral 1/ After deducting $251,650,000 participations 2/ After deducting 45,225,000 participations Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis