H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS For Immediate Release H.4.1 OF THE FEDERAL RESERVE SYSTEM June 27, 1957 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 tank reserves for the week ending June 26 increased $23 million to $19,171 million. Estimated required reserves increased $55 million; and estimated excess reserves decreased $32 million to $560 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $443 million, compared with $497 million the week before. The principal changes supplying average reserves were decreases of $81 million in "other" deposits with Federal Reserve Banks, $55 million in money in circulation, and $4l million in Treasury deposits with Federal Reserve Banks, and an increase of $21 million in Federal Reserve holdings of U. S. Government securities. The principal offsetting changes were decreases of $86 million in member bank borrowings and $64 million in Federal Reserve float, and an increase of $18 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $130 million. As of Wednesday, June 26, holdings of U. S. Government securities bought outright were $40 million higher than a week earlier an dmember bank borrowings were $220 million lower. Member bank reserves, Averages of daily figures Reserve Bank credit, For week ending Change from week ending and related items June 26, 1957 June 19, 19571 June 27, 1956 (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright--System account 22,888 + 8 -564 Held under repurchase agreement 63 + 13 + 37 Acceptances— Bought outright 20 Held under repurchase agreement - 1 Loans, discounts, and advances-- Metriber bank borrowings 1,003 - 86 +247 Other 1 Float 1,320 - 64 - 49 Total Reserve Bank credit 25,294 -130 -327 Gold stock 22,622 + 1 +823 Treasury currency outstanding 5,106 ±_23 53,023 -128 +571 Money in circulation 30,849 - 55 +364 Treasury cash holdings 776 - 6 - 5 Treasury deposits with F. R. Banks 477 - 4l - 93 Foreign deposits with F. R. Banks 407 + 18 +110 Other deposits with F. R. Banks 254 - 81 - 36 Other F. R. accounts (net) 1,087 + 11 + 87 33,851 -153 +429 Member bank reserves— 19,171 + 23 +l4l Required reserves (estimated) 18,611 55 +176 Excess reserves (estimated) 560 32 - 35 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 22,622 Treasury cash holdings 770 Treasury currency outstanding 5,106 Member bank) - Required (est.) 18,536 Money in circulation 30,890 reserves ) - Excess (est.) 92 On June 26, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,754 million, an increase of $7 million for the week and an increase of $52 million from the comparable date Digitizead foyr FeRaArS EaRg o. 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 dollars) Change since June 26, June 19, June 27, 1957 1957 1956 A S S E TS Gold certificate account 21,099,391 - 1 +830,002 Redemption fund for F. R. notes 845,264 + ±. 5,931 Total gold certificate reserves 21,944,655 + +835,935 F. R. notes of other Banks 317,656 - 102 + 51,025 Other cash 340,989 + 3,479 - 8,664 +286,681 Discounts and advances 824,047 - 219,811 Industrial loans 744 + 19 178 Acceptances--bought outright 19,916 + 501 + 3,363 U. S. Government securities: Bought outright- Bills 175,213 40,000 -428,057 Certificates 11,362,199 +429,500 -582,500 Notes 8,571,413 Bonds 2,801,750 Total bought outright 22,910,575 40,000 -501,057 - 29,900 Held under repurchase agreement Total U. S. Government securities 22.W.S75 40,000 -610,957 Total loans and securities 23,755,282 - 179,291 -321,091 22 Due from foreign banks Uncollected cash items 5,224,025 -1,755,741 +191,245 + 251 + 11,445 Bank premises 79,170 Other assets 219.946 + 11,876 + 6.232 51.881.745 -1,911 .680 +766.127 TOTAL ASSETS L I A B I L I T I ES 26,535,315 + 49,575 +326,830 Federal Reserve notes Deposits: 18,628,208 - 423,686 + 68,643 Member bank reserves U. S. Treasurer—general account 455,524 - 146,377 -119,983 Foreign 409,806 + 39,819 +116,366 Other 272,165 10.388 - 17,949 Total deposits - 540,632 -1,432,451 Deferred availability cash items 22,638 + 1,003 SCO Other liabilities and accrued dividends 50,510,272 -1,922,505 +661,345 TOTAL LIABILITIES C A P I T AL A C C O U N TS 332,672 239 + 17,061 Capital paid in Surplus (Section 7) 747,593 + 53,981 Surplus (Section 13b) 27,543 Other capital accounts 255,665 + 10,586 + 33,740 51,881,745 -1,911,680 +766,127 TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit 47.4# + 1.4$ and F. R. note liabilities combined Contingent liability on acceptances purchased# 61,411 1,214 + 16,055 for foreign correspondents v 1,778 22 799 Industrial loan commitments MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 26, 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 gg 357550 Within 15 days bib,947 16 days to 90 days 5,100 29 13,942 7,994,328 91 days to 1 year 463 12,088,540 Over 1 year to 5 years 190 680,635 750,375 Over 5 years to 10 years 1,358,247 Over 10 years Total 824,04? 7# 19,916 22,910,575 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 26, 1957 Phila- Cleve- St. Minne- Kansas San Total Boston New York Richmond Atlanta Chicago Dallas delphia land Louis apolis City Francisco (In thousands of dollars) A S S E TS Gold certificate account 21,099,391 1008,941 5,947,036 1119,037 1811,999 1302,824 795,250 3758,164 855,385 326,912 807,317 781,903 2584,623 Redemption fund for F. R. notes 845.264 54.450 172.853 58.791 73.747 76,179 48.936 151.544 42.563 22,547 40,568 25,347 77,539 Total gold certificate reserves 21,9^4,655 1063,391 6,119,889 1177,828 1885,746 1379,203 844,186 3909,708 897,948 349,459 847,885 807,250 2662,162 F.R. notes of other Banks 317,656 11,031 62,300 20,810 22,095 16,602 68,449 29,448 10,684 11,088 9,508 24,983 30,658 Other cash 340,989 21,640 73,515 18,282 35,276 17,195 27,838 51,118 18,914 8,143 11,721 14,573 42,774 Discounts and advances 824,047 34,465 69,475 79,470 157,065 72,985 55,822 137,555 18,625 47,110 84,625 26,350 40,500 Industrial loans 744 327 386 31 Acceptances-- Bought outright 19,916 19,916 U. S. Govt, securities: Bought outright- Bills 175,213 9,557 43,817 10,227 15,390 11,195 9,075 30,584 7,246 3,781 7,523 6,867 19,951 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 -4 4-3 ,-974 1496,149 354,471 184,971 367,996 335,905 975,975 Bonds 2.801.750 152.824 700.664 163.547 246.100 179.012 145.122 489.048 115.866 60.462 120.288 109,798 319,019 Total 22,910,575 1249,'680 5,729^499 1337,359 2012^419 1463,825 1186,699 3999,064 947,467 494,410 983,620 897,843 2608,690 Held under repurchase agreement Total U. S. Govt, sees. 22.910.575 1249.680 5.729.499 1337.359 2012.419 1463.825 1186.699 3999.064 947.467 494.410 983,620 897,843 2608,690 Total loans & securities 23,755,282 1284,472 5,818,890 1417,215 2169,484 1536,810 1242,521 4136,619 966,092 541,551 1068,245 924,193 2649,190 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 12 Uncollected cash items 5,224,025 443,107 911,164 352,857 505,293 388,996 388,787 824,437 202,611 126,067 253,808 297,467 529,431 Bank premises 79,170 5,184 10,042 4,648 9,039 7,179 5,473 6,504 5,482 5,222 4,733 5,104 10,560 Other assets 219.946 11.839 53.588 12.531 19.380 13,999 11,428 39,811 8,890 4,754 9,299 9,308 25,119 TOTAL ASSETS 51,881,745 2840,665 13,049,394 3004,173 4646,315 3359,985 2588,683 8997,648 2110,622 1046,285 2205,200 2082,879 5949,896 1/ After deducting $16,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 26, 1957 Phila- Cleve- St. Minne- Kansas San Total Boston New York delphia land Richmond Atlanta IChicago Louis apoiis Dallas Francisco (in thousands of dollars) L I A B I L I T I ES 26,535,315 1593,580 6,247,941 1695,545 2515,305 2093,272 1251,650 5128,064 1174,598 481,251 1055,955 682,262 2615,892 Federal Reserve notes Deposits: Member bank reserves 18,628,208 781,159 5,352,511 863,254 1497,723 814,767 902,545 2895,204 685,923 392,336 858,46o 987,693 2596,633 455,524 47,707 87,371 36,029 33,139 30,901 28,743 62,485 19,933 22,653 18,077 27,553 50,933 U.S.Treas.-gen.acct. Foreign 409,806 23,606 1/117,173 28,490 36,630 20,757 18,315 57,794 15,059 9,768 15,466 21,164 45,584 Other 272,165 498 ~ 213,406 10,745 998 2,828 1,243 1,264 1,812 403 923 2,613 35,432 Total deposits 19,Yt>5,703 852,970 5,770,461 928,518 1568,490 869,253 950,046 3016,747 722,727 425,160 892,926 1039,023 2728,582 Deferred availability 4,194,616 313,395 653,016 284,336 438,082 323,668 321,466 650,346 159,689 104,690 200,869 292,092 452,967 cash items Other liabilities and accrued dividends 22,638 1,207 5,994 1,026 2,560 1,107 1,102 3,600 810 1,090 881 1,109 2,152 TOTAL LIABILITIES 50,518,272 2761,152 12,677,412 2909,425 4524,43? #8'/,jU0 2525,064 0790,757 2057,024 1012,191 2150,631 2014,486 5799,593 CAPITAL ACCOUNTS Capital paid in 332,672 17,120 95,167 21,066 31,985 15,321 16,122 45,527 11,372 7,310 13,525 18,714 39,443 Surplus (Section 7l 747,593 43,948 208,002 52,301 66,393 37,594 33,179 110,421 29,331 18,520 27,983 37,508 82,413 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o Other capital accounts 255,665 15,434 61,494 16,892 22,494 16,421 13,556 41,514 11,574 7,191 11,924 10,864 26,307 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,881,745 2840,665 13,049,394 3004,173 4646,315 3359,985 2588,683 8997,648 2110,622 1046,285 2205,200 2082,879 5949,896 Conting. liab. on acceptances purchased for foreign correspondents 6l,411 3,561 2/17,265 4,298 5,526 3,131 2,763 8,719 2,272 1,473 2,333 3,193 6,877 xno.usT.riax xoan commit. 1, r iu -- JJ *-»• - "-f - " FEDERAL RESERVE AGENTS' ACCOUNTS FF.. RR.. nnootteess oouuttssttaannddiinngg 27,556,103 1636,332 6,522,130 1771,665 2585,596 2154,138 1312,965 5231,135 1233,292 531,990 1086,307 727,285 2763,268 CCoollllaatt.. ffoorr FF.. RR.. nnootteess:: 11,848,000 580,000 3,170,000 640,000 1130,000 865,000 400,000 2400,000 450,000 130,000 300,000 283,000 1500,000 GGoolldd cceerrttiiffiiccaattee aacccctt.. 182,720 - — — — 79,470 -» —— — — —— 18,625 84,625 *"* EElliiggiibbllee ppaappeerr 16,905,000 1150,000 3,600,000 1200,000 1500,000 1310,000 1000,000 3000,000 875,000 425,000 820,000 525,000 1500,000 UU.. SS.. GGoovvtt,, sseeccuurriittiieess TToottaall ccoollllaatteerraall 28,935,720 1730,000 6,770,000 1919.470 2630.000 2175.000 1400.000 5400.000 1343.625 555.000 1204.625 808.000 1000.000 2/ After deducting $44,146,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis