H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS For Immediate Release a.4.i OF THE FEDERAL RESERVE SYSTEM April 25, 1957 WEEKLY AVERAGES OF MEMBER BAN KRESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS The average of daily figures of member ban kreserves for the week ending April 24 increased $94 million to $19,201 million. Estimated required reserves increased $74 million; and estimated excess reserves increased $20 million to $568 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $354 million, compared with $671 million the week before. The principal changes supplying average reserves were an increase of $517 million in Federal Reserve float and decreases of $71 millio nin money in circulation, $22 million in Treasury deposits with Federa lReserve Banks, and $17 million in Treasury cash holdings. The principal offsetting changes were decreases of $297 million in member ban kborrowings and $45 million in Federal Reserve holdings of U. S. Government securities, and increases of $154 millio nin "other" deposits with Federal Reserve Banks and $46 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $175 million. As of Wednesday, April 24, U. S. Government securities held under repurchase agreement were $69 million lower than a week earlie rand member bank borrowings were $135 million lower. Member bank reserves, Averages of daily figures Reserve Bank credit, For week ending Change from week ending and related items Apr. 24, 1957 Apr. 17, 1957 IApr. 25, 1956 (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright--System account 23,169 + 23 -113 Held under repurchase agreement 68 - 68 + 68 Acceptances— Bought outright 25 + 11 Held under repurchase agreement - 1 Loans, discounts, an dadvances— Member bank borrowings 922 -297 -138 Other 26 + 25 Float 1,484 ±517 +467 Total Reserve Bank credit 25^695 +175 +321 Gold stock 22,317 + 4 +575 Treasury currency outstanding 5,092 + 3 + 73 53,104 +181 +970 Money in circulation 30,610 - 71 +455 Treasury cash holdings 791 - 17 + 9 Treasury deposits with F. R. Banks 456 - 22 -113 Foreign deposits with F. R. Banks 390 + 46 + 55 Other deposits with F. R. Banks 454 +154 +123 Other F. R. account s(net) 1,202 - 1 +124 33790? + 89 +535 Member bank reserves— 19,201 + 94 +317 Required reserves (estimated) 18,633 +289 Excess reserves (estimated) 568 + 20 + 28 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 22,318 Treasury cash holdings 799 Treasury currency outstanding 5,093 Member bank) - Required (est.) 18,628 Money in circulation 30,471 reserves ) - Exces s(est.) 244 On April 24, 1957, U. S. Government securities held in custody b ythe Federal Reserve Banks for foreign account were $3,761 million, an increase of $12 million for the week and a decrease of $34 million from the comparable date Digitized for FRASER http://frasae r.sytleouaisrfe da.ogrgo/ . Federal Reserve Bank of St. Louis

H.4.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since Apr. 24, Apr. 17, Apr. 25, 1957 1957 1956 A S S E TS Gold certificate account 20,779,391 2 + 573,405 Redemption fund for F. R. notes 855A35 211 + 10,549 Total gold certificate reserves 21,634,826 213 + 583,954 F. R. notes of other Banks 435,323 + 47,383 + 94,424 Other cash 396,598 + 8,795 94 Discounts and advances 673,709 - 135,337 - 183,686 8 180 Industrial loans 775 Acceptances—bought outright 24,910 + 11,242 U. S. Government securities: Bought outright-- Bills 434,105 + 70,635 + 429,500 Certificates 11,362,199 Notes 8,571,413 - 582,500 Bonds - 82,365 Total bought outright 23,169,467 - 69,300 Held under repurchase agreement Total U. S. Government securities 23,169,467 • - 69,300 • • 82,365 Total loans and securities 23,868,861 - 204,645 - 254,989 Due from foreign banks 22 Uncollected cash items 5,228,342 - 448,795 + 624,431 Bank premises 76,625 60 + 11,237 Other assets 128,066 + 12,722 - 21,609 TOTAL ASSETS 51,768.663 - 584,613 +1,037,354 L I A B I L I T I ES 26,326,478 - 124,558 + 439,345 Federal Reserve notes Deposits: Member bank reserves 18,871,814 42,745 + 384,338 U. S. Treasurer--general account 328,436 55,639 - 242,392 Foreign 387,837 27,832 + 50,784 Other 292,978 6,914 - 19,728 Total deposits 19,881,065 77,466 + 173,002 Deferred availability cash items 4,155,362 394,740 + 308,444 Other liabilities and accrued dividends 19,430 919 + 1,517 TOTAL LIABILITIES 50,382,335 595,845 + 922,308 C A P I T AL A C C O U N TS Capital paid in 331,407 78 + 17,812 Surplus (Section 7) 747,593 + 53,981 Surplus (Section 13b) 27,543 Other capital accounts 279,785 + 10,954 + 43,253 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,768,663 - 584,613 +1,037,354 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.8# .2$ Contingent liability on acceptances purchased for foreign correspondents 64,178 + 1,292 + 21,248 Industrial loan commitments 1,962 + 6 483 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 24, 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 loans Acceptances securities Within 15 days 641,176 39 8,896 110,700 16 days to 90 days 32,533 380 16,014 323,405 91 days to 1 year 145 19,946,105 Over 1 year to 5 years 211 360,786 Over 5 years to 10 years 1,013,614 Over 10 years 1,414,857 Digitized for FRATSoEtRa l 673,709 775 24,910 23,169,467 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

OF CONDITION'OF EACH FEDERAL RESERVE BANK ON APRIL 24, 1957 STATEMENT St. Minne- Kansas San Phila- Cleve- Dallas Total Boston New York delphia land Richmond Atlanta Chicago Louis apolis City Francisco (In thousands of dollars) A S S E TS 322,471 887,659 715,729 2516,753 5,806,682 1109,954 1853,650 1283,067 840,683 3635,273 840,593 Gold certificate account 20,779,391 966,877 Redemption fund for 22,708 40,999 25,678 78,750 177.299 60.517 75.410 72,408 49,794 153,356 43,050 F. R. notes 855,435 55,466 Total gold certificate 1022,343 5,983,981 1170,471 1929,060 1355,475 890,477 3788,629 883,643 345,179 928,658 741,407 2595,503 21,634,826 reserves F O . t R h . e r n o c t a e s s h of other Banks 4 3 3 9 5 6 , , 3 5 2 9 3 8 2 2 4 9 , , 9 6 5 8 2 8 7 8 9 9 , , 5 3 5 4 1 7 3 1 0 9 , , 9 8 1 3 5 0 3 3 2 6 , , 1 8 6 6 1 3 2 1 2 9 , , 4 3 1 2 5 2 9 3 4 6 , , 9 1 4 0 4 4 3 5 2 4 , , 4 3 8 4 2 0 1 2 1 3 , , 5 7 5 6 6 2 1 1 4 2 , , 3 4 9 6 4 4 1 7 1 , , 6 4 5 5 6 1 4 1 5 5 , , 2 9 2 4 9 4 3 4 9 7 , , 0 4 6 8 8 3 76,345 28,420 26,950 171,925 10,735 57,015 34,845 31,750 18,350 Discounts and advances 673,709 26,594 151,705 39,075 35 Industrial loans 775 331 409 Acceptances— Bought outright 24,910 24,910 U. S. Govt, securities: Bou B C B N g i e o o h l r t n t l t e d s i s o f 3 u i t c r a i t g e h s t -- 1 8 2 1 , , , 4 5 3 8 3 7 6 0 4 2 1 1 , , , , 1 1 4 7 0 9 1 5 5 9 3 0 6 4 1 2 1 6 5 3 9 7 2 , , , , 6 7 5 8 6 7 3 2 3 9 6 4 2 2 , , 1 8 7 1 0 4 0 4 8 1 0 3 , , , , 5 4 6 5 6 7 6 4 1 0 4 8 6 1 5 2 6 6 0 5 3 3 0 , , , , 3 2 3 5 3 4 3 4 9 6 9 7 9 7 2 9 3 5 4 8 8 2 6 , , , , 0 1 8 1 3 3 9 0 3 1 6 0 7 1 5 2 2 7 4 7 5 7 9 , , , , 7 9 6 0 3 6 5 1 7 5 3 2 4 5 1 2 4 8 4 2 3 8 5 , , , , 4 5 9 1 8 2 7 2 5 8 4 2 7 1 1 4 5 9 4 8 , 8 9 9 7 3 , 6 7 , 0 , 4 2 4 1 8 8 4 3 9 4 1 3 1 6 7 5 1 9 , 4 5 9 , , , 5 8 4 8 2 8 7 6 4 1 6 2 1 4 4 6 8 9 5 9 0 4 9 , , , , , 1 3 4 9 9 9 6 6 7 9 6 8 2 1 7 4 3 1 9 8 1 6 2 9 7 8 7 0 4 , , , , , 8 6 9 7 2 1 3 9 3 8 3 8 6 5 8 4 1 3 9 1 4 7 3 0 0 5 , 5 7 9 , 0 , , , 2 1 9 9 7 7 2 0 8 9 3 5 8 8 1 4 9 3 2 2 9 7 b 1 9 , 3 5 9 t 3 4 , , t , 2 9 0 , 7 9 7 1 l 4 5 9 b 5 » 1263*802 5/794,243 1352,471 2035^160 1480,367 1200,109 4044,254 958,173 Total 23,169,457 Held under repurchase agreement ,471 2035.160 1480,367 1200,109 4044,254 958,173 499,997 994,735 907,988 2638,168 Total U. S. Govt, sees. 23,169,467 ip6?.802 5,794,243 1352 1290,727 5,970,858 1391,955 2111,505 1508,787 1227,059 *216,179 968,908 557,047 1029,580 939,738 2656,518 Total loans & securities 23,868,861 -M yz i 22 1 if 1 iisf11 Due from foreign banks Uncollected cash items 5,228,342 412,724 Bank premises 76,625 5,285 128,066 6,740 Other assets 2792,460 13,123,937 2969,742 4607,544 3309,260 2685,427 9006,698 2110,469 1059,502 2221,122 1996,431 5886,071 TOTAL ASSETS 51,768,663 1/ After deducting $16,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank. o f S.t. L..ou.is . 1 ^ * 4 4 ^ ^

STATEMENT OF— C.ONDITI_O-N O-F —EiACH FEDERA 1 L R^ESERVE BANK OH APRIL 24, 1°9+5 7 H.4.1(c) phila St. Minne- Kansas San Total Boston New York delphia Cl l e a v n e d - Richmond Atlanta Chicago Louis apolis City Dallas Francisco (In thousands of dollars) l i a b i l i t i es 26,326,478jl559,622 6,186,639 1687,143 2491,749 2082,443 1257,745 5091,818 1173,442 483,233 1052,271 682,865 2577,508 Federal Reserve notes Deposits: Member bank reserves 18,871,814 1131 lltl 111111II 1 11 1 11 U.S.Treas.-gen. acct. 328,436 Foreign 387,837 Other 292,978 813*878 5,795,911 962,238 1578,100 845,786 1004,690 3057,55t> 722,592 439,308 924,291 1020,436 2708,279 Total deposits 19,881,065 Deferred availability 337,250 757,693 223,254 411,946 306,207 357,475 650,396 160,034 101,690 188,580 215,117 445,720 cash items 4,155,362 Other liabilities and c ARO ? iPS 916 827 3,617 673 643 679 1,009 1,934 oflo r accrued dividends 19,430 2711,739 12,74^372 2873,524 448^920 2620,73/ 8803,38/ 2U5u, 4l 10^4,0/4 2165,821 1927,427 5733,441 TOTAL LIABILITIES 50,302,335 ( CAPITAL ACCOUNTS Capital paid in 331,407 17,121 S I IS S Itl il;! « 1 18 Surplus (Section 7) 747,593 43,948 Surplus (Section 13b) 27,543 3,011 Other capital accounts 279,785 16,641 TOTAL LIABILITIES AND 2792,460 13,121.937 2969,742 4607,544 3309,260 2685,427 9006,698 2110,469 1059,502 2221,122 1996,431 5686,071 CAPITAL ACCOUNTS 51,768,663 Conting. liab. on acceptances purchased for 3,724 2/18,018 4,494 5,778 3,274 2,889 9,117 2,375 1,541 2,440 3,338 7,190 foreign correspondents 64 1 , , 1 9 7 6 8 2 ~ — 11 58 85 1,808 Industrial loan commit FEDERAL RESERVE AGENTS' ACCOUNTS 2 1322,313 5205,229 1222,345 537,995 1085,434 733,707 2743,321 F. R. notes outstanding Collat. for F. R. notes: 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 25,325 -- -- -- -- 9;OlO 33,O95 Eligible paper 69,030 U. S. Govt, securities 17.040.000 133^10 slotZ llSl:^ 8 0 8^ S O O ^Z Total collateral 28,957,030 —. - , - . . — 1/ After deducting $273,939,000 participations of other Federal Reserve Banks. 2/ After deducting $46,160,000 participations of other Federa lReserve Banks - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis