H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD 0^ bOVkfiNORS For Immediate Release H.4.1 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, Averages of daily figures Reserve Bank credit, For week ending Change from week ending and related items Feb. 5, 1958 Jan. 29, 19581 Feb. 6, 1957 (In millions of dollars) Reserve Bank credit: U. S. Government securities— - 90 Bought outright--System account 23,321 - 14 Held under repurchase agreement 43 + 6 + 19 Acceptances— Bought outright 4l + 11 Held under repurchase agreement - 4 Loans, discounts, and advances— Member bank borrowings 1 89 -106 -426 Other 1 - 25 Float 803 -116 -237 Total Reserve Bank credit 257397 -235 -759 Gold stock 22,783 +532 + 85 Treasury currency outstanding 5,155 52,336 -229 -131 Money in circulation 30,579 - 46 - 17 Treasury cash holdings 777 - 12 - 40 - 1 56 Treasury deposits with F. R. Banks 378 -143 Foreign deposits with F. R. Banks 2 65 - 10 - 68 + 18 Other deposits with F. R. Banks 294 + 19 Other F. R. accounts (net) 1,046 + 54 + 54 33,339 -137 -2CB Member bank reserves-- 18,997 - 92 + 77 Required reserves (estimated) 18,587 + 5 +142 Excess reserves (estimated) 410 - 97 - 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, 1 9 5 8, 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 Digitizedd faotre F RaA ySeERar ago. 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 Feb. 5, Jan. 29, Feb. 6, 1958 1958 1957 A SS E T S Gold certificate account 21,21*5,393 + 1 + #1,000 Redemption fund for F, R. notes 857,193 1,518 9,827 Total gold certificate reserves 22,102,586 1,517 + 5141AU3 F. R. notes of other Banks 627,259 - 1*9,1*67 + 107,267 Other cash 535,1*07 + 7,51*7 + 56,997 Discounts and advances 153,061 - 99,860 «• 685,675 Industrial loans 512 - 29 - 311 Acceptances--bought outright 39,838 + 10,113 —hela under repurchase agreement 37600 3. Government securities: Bought outnght-- Bills 571,273 50,500 + 96,598 Certificates 19,933,612 — +9 ,000,913 Notes -9,153,913 Bonds 2,801,750 Total bought outright 23,306,635 - 50,500 56,402 Held under repurchase agreement 101*, 300 + 101,300 + 20,300 Total U. S. Government securities 23,1*10,935 + '50,800 - 36,102 Total loans and securities 23,601*, 34§ 52,089 — 711,675 Due from foreign banks 15 7 • Uncollected cash items 1*, 1*21*, 067 - 137,916 - 7,111 Bank premises 81*, 295 + 36 + 9,863 Other assets 172,651* - 115,1*21 - 25,152 TOTAL ASSETS 51,.550,629. - 31*8,327 - 28,675 L I A B I L I T I ES Federal Reserve notes 26,685,1*93 - 16,396 + 32,913 Deposits: Member bank reserves 19,058,318 + 80,863 - 130,387 U. S. Treasurer--general account 206,656 - 301*, 1*92 • 107,331 Foreign 283,753 + 26,717 - 102,397 Other 321.121* + 5k,066 + 81,978 Total deposits T37W785I """11*2,51*6 - 1 258,137 Deferred availability cash items 3,619,01k 202,01*8 + 100,523 •* Other liabilities and accrued dividends 11*, 568 667 - 27k TOTAL LIABILITIES 50,188,956 - 361,957 - 121*, 975 C A P I T AL A C C O U N TS Capital paid in 31*7,780 + 1*16 + 19,51*8 Surplus (Section 7) 809,198 —— + 61,605 Surplus (Section 13b) 27,51*3 —— —— Other capital accounts 177,152 + 12,711* + 15,11*7 TOTAL LIABILITIES AND CAPITAL ACCOUNTS - 31*8,827 ~ ~ 28,675 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 1*7.5% + .2% + l.h% Contingent liability on acceptances purchased for foreign correspondents 128,399 + 1,157 + 66,028 Industrial loan commitments 1,079 + 11* - 1,223 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 5, 1958 (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 11*9,1*89 120 12,138 5,733,650 16 days to 90 days 3,l*7k 20 27,700 ^8,916 91 days to 1 year 98 21*9 Ik, 1*39,112 Over 1 year to 5 years 123 1,37k,1*00 Over 5 years to 10 years 56,610 Over 10 years 1,358,2k? Total 153,061 312 39,838 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 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 21,245,393 1106,309 5,770,111 1146,433 1827,874 1313,667 859,740 3924,278 829,522 386,193 860,353 755,046 2465,867 Redemption fund for F. R. notes 857,193 55,421 179,759 59,833 78,521 70,048 48,427 155,973 43,043 22,076 41,342 28,304 74,446 Total gold certificate reserves 22,102,586 1161,730 5,949,870 1206,266 1906,395 1383,715 908,167 4080,251 872,565 408,269 901,695 783,350 2540,313 F notes of other Banks 627,259 40,047 150,598 48,275 59,025 57,074 76,374 56,250 17,229 25,964 7,600 43,387 45,436 Other cash 535,407 30,542 120,816 33,463 47,272 33,349 38,103 84,212 32,636 9,708 l6,8l4 21,367 67,125 Discounts and advances 153,061 10,490 8,975 7,270 23,500 17,926 20,100 34,282 9,185 1,700 13,633 2,050 3,950 1 62 23 -industrial loans 512 327 Acceptances-- Bought outright 39,838 39,838 IL S. Govt, securities: Bought outright— 1 2 , 3 28 Bills 571,273 31,161 142,864 33,346 50,179 36,501 29,590 99,716 23,625 24,527 22,388 65,048 Certificates 19,933,612 1087,299 4 , 9 8 5 , 0 18 1 1 6 3 , 5 85 1750,929 12731,601382 ,502 3479,432 824,355 4 3 0 , 1 67 8 5 5 , 8 09 781,178 2 2 6 9 , 7 20 Notes 6 0 , 4 62 1 2 0 , 2 88 Bonds 2.801.750 152.824 700.664 16.3,547 246.100 179.012 145.122 489.048 115.866 109,798 319,019 1 2 7 1 , 2 84 5 , 8 2 8 , 5 46 1 3 6 0 , 4 78 2 0 4 7 , 2 08 1 2 0 7 , 2 14 4 0 6 8 , 1 96 9 6 3 , 8 46 Total 23,306,635 1489,131 Held under repurchase agreement 104.100 104.^00 -- -- -- 2653,787 Total U S. Govt, sees. 23.410,935 1271.284 5.932.846 1360.478 2047.208 1489,131 1207.214 4068,196 963,846 502,957 1000,624 913,364 Total loans & securities 23,604,346 1282,101 5,981,659 1367,910 2070,708 1507,057 1227,314 4102,478 973,031 504,680 1014,257 915,414 2657,737 Due from foreign banks IS 1 1/ 4 1 1 1 12 1 2/ 1 11 Uncollected cash items 4,424,067 323,889 8 0 1 , 9 68 269,519 385,965 351,059 387,557 699,310 197,675 11.667711;2 3 227,292 213,489 450,221 Bank premises 84,299 4,975 1 0 , 6 51 4,491 9,667 6 , 9 54 6 , 7 70 6 , 8 04 6 , 2 65 5,304 4,909 6,417 11,088 1 0 . 8 96 8 . 9 77 1 1 . 8 79 6 . 9 46 Other assets 172.654 9,345. 41.871 9.715 15,497 3.699 7.285 7.191 19.151 5 1 , 5 5 0 , 6 2 9- 2 8 5 2 , 6 30 4 4 9 4 , 5 30 3 3 5 0 , 1 05 2 6 5 3 , 2 63 9 0 6 1 , 1 86 2 1 0 6 , 3 48 1 0 7 3 , 7 47 2 1 7 9 , 8 53 1 9 9 0 , 8 18 5 7 9 1 , 0 72 TOTAL ASSETS 13,057,437 2939,640 1/ After deducting $11,000 participations of other Federal Reserve Banks Di2gi/t izLede sfosr FR tAhSaEnR $500. 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 | 1 pfotla- Cleve^ . , , ^ ^ St. Minne- Kansas San Total Boston J New York | Richmond Atlanta Chicago city Dallas delT)hia land Loula a p o l i3 Franclaco (In thousands of dollars) LLLLL IIIII AAAAA BBBBB IIIII LLLLL IIIII TTTTT IIIII EEEEESSSSS FFFFFeeeeedddddeeeeerrrrraaaaalllll RRRRReeeeessssseeeeerrrrrvvvvveeeee nnnnnooooottttteeeeesssss 26,685,493 1582,579 6,283,790 1677,195 2539,069 2119,532 1251,332 5200,340 1196,826 495,773 1052,290 722,325 2564,442 DDDDDeeeeepppppooooosssssiiiiitttttsssss::::: MMMMMeeeeemmmmmbbbbbeeeeerrrrr bbbbbaaaaannnnnkkkkk rrrrreeeeessssseeeeerrrrrvvvvveeeeesssss 19,058,348 873,456 5,434,199 897,480 1470,321 829,824 968,211 3042,313 674,833 429,908 873,162 971,818 2592,823 19,287 UUUUU.....SSSSS.....TTTTTrrrrreeeeeaaaaasssss.....-----gggggeeeeennnnn.....aaaaaccccccccccttttt..... 206,656 6,791 44,4l8 14,623 8,077 17,749 13,494 13,438 7,531 10,413 27,897 22,938 FFFFFooooorrrrreeeeeiiiiigggggnnnnn 283,753 1 5 , 2 19 1 / 9 2 , 0 47 1 8 , 4 23 23,763 13,617 12,015 3 8 , 1 81 9,879 6,408 10,413 13,884 2 9 , 9 04 OOOOOttttthhhhheeeeerrrrr 321,124 413 "244,469 11,413 1,777 3,539 3,340 1,017 4,244 348 1 . 4 96 1 . 8 36 47.232 2692,897 TTTTToooootttttaaaaalllll dddddeeeeepppppooooosssssiiiiitttttsssss 19,869,881 895,879 5,815,133 941,939 1503,938 866,267 1001,315 3095,005 702,394 444,195 895,484 1015,435 DDDDDeeeeefffffeeeeerrrrrrrrrreeeeeddddd aaaaavvvvvaaaaaiiiiilllllaaaaabbbbbiiiiillllliiiiitttttyyyyy cccccaaaaassssshhhhh iiiiittttteeeeemmmmmsssss 3,619,014 294,257 580,542 226,064 327,906 291,409 336,267 566,528 153,961 99,356 177,261 182,707 382,756 OOOOOttttthhhhheeeeerrrrr llllliiiiiaaaaabbbbbiiiiillllliiiiitttttiiiiieeeeesssss aaaaannnnnddddd 7 37 3 , 3 20 7 08 2,271 6 95 719 2,414 5 50 5 86 503 6 54 1,411 aaaaaccccccccccrrrrruuuuueeeeeddddd dddddiiiiivvvvviiiiidddddeeeeennnnndddddsssss 14,568 TTTTTOOOOOTTTTTAAAAALLLLL LLLLLIIIIIAAAAABBBBBIIIIILLLLLIIIIITTTTTIIIIIEEEEESSSSS 50,188,956 2773,452 12,682,785 2845,906 4373,184 3277,903 2 5 8 9 , 6 33 8864,287 2053,731 1039,910 2125,538 1 9 2 1 , 1 21 5641,506 CCCCCAAAAAPPPPPIIIIITTTTTAAAAALLLLL AAAAACCCCCCCCCCOOOOOUUUUUNNNNNTTTTTSSSSS 1 0 2 , 6 06 1 5 , 8 18 1 6 , 8 11 CCCCCaaaaapppppiiiiitttttaaaaalllll pppppaaaaaiiiiiddddd iiiiinnnnn 347,780 17,785 21,340 32,848 47,178 11,715 7,510 14,082 19,528 40,559 8 0 9 , 1 98 SSSSSuuuuurrrrrpppppllllluuuuusssss (((((SSSSSeeeeeccccctttttiiiiiooooonnnnn JJJJJ))))) 47,013 223,963 55,923 71,550 41,236 36,192 121,504 31,586 19,697 30,533 40,871 89,130 SSSSSuuuuurrrrrpppppllllluuuuusssss (((((SSSSSeeeeeccccctttttiiiiiooooonnnnn 1111133333bbbbb))))) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l40 1 1 , 9 82 2 6 , 7 88 8 , 5 63 OOOOOttttthhhhheeeeerrrrr cccccaaaaapppppiiiiitttttaaaaalllll aaaaaccccccccccooooouuuuunnnnntttttsssss 177,152 11,369 40,764 15,942 11,799 9,865 8,795 5,557 7,991 17,737 TTTTTOOOOOTTTTTAAAAALLLLL LLLLLIIIIIAAAAABBBBBIIIIILLLLLIIIIITTTTTIIIIIEEEEESSSSS AAAAANNNNNDDDDD CCCCCAAAAAPPPPPIIIIITTTTTAAAAALLLLL AAAAACCCCCCCCCCOOOOOUUUUUNNNNNTTTTTSSSSS 5 1 , 5 5 0 , 6 29 2 8 5 2 , 6 30 13,057,437 2 9 3 9 , 6 40 4494,530 3350,105 2653,263 9 0 6 1 , 1 86 2 1 0 6 , 3 48 1073,747 2179,853 1 9 9 0 , 8 18 5791,072 CCCCCooooonnnnntttttiiiiinnnnnggggg..... llllliiiiiaaaaabbbbb..... ooooonnnnn aaaaacccccccccceeeeepppppttttt----aaaaannnnnccccceeeeesssss pppppuuuuurrrrrccccchhhhhaaaaassssseeeeeddddd fffffooooorrrrr 1 2 8 , 3 99 7,319 2 / 3 6 , 2 08 8 , 8 59 11,427 6 , 5 48 5 , 7 78 1 8 , 3 61 4,751 3 , 0 82 5 , 0 08 6 , 6 77 1 4 , 3 81 fffffooooorrrrreeeeeiiiiigggggnnnnn cccccooooorrrrrrrrrreeeeessssspppppooooonnnnndddddeeeeennnnntttttsssss -- — 24 -- — 63 -- — -- — - IIIIInnnnnddddduuuuussssstttttrrrrriiiiiaaaaalllll llllloooooaaaaannnnn cccccooooommmmmmmmmmiiiiittttt..... 1.079 52 940 FEDERAL RESERVE AGENTS' ACCOUNTS FF.. RR.. nnootteess oouuttssttaannddiinngg 28,023,411 1675,957 6,601,416 1 7 6 8 , 0 54 2649,403 2203,605 1 3 2 9 , 8 86 5360,835 1245,746 529,311 1077,081 775,727 2722,590 CCoollllaatt ffoorr FF.. RR.. nnootteess:: 7 0 0 , 0 00 3 , 2 7 0 , 0 00 6 4 0 , 0 00 1 1 3 0 , 0 00 9 1 5 , 0 00 4 2 5 , 0 00 2 5 0 0 , 0 00 4 5 0 , 0 00 1 4 0 , 0 00 3 0 0 , 0 00 2 8 3 , 0 00 1 5 0 0 , 0 00 GGoolldd cceerrttiiffiiccaattee aacccctt.. 12,253,000 7,270 EElliiggiibbllee ppaappeerr 30,088 — — — ~ 9,185 — 13,633 1 1 5 0 , 0 00 3 , 6 0 0 , 0 00 1 2 0 0 , 0 00 1 6 0 0 , 0 00 1 3 5 0 , 0 00 1 0 0 0 , 0 00 3 1 0 0 , 0 00 8 9 5 , 0 00 4 2 5 , 0 00 8 2 0 , 0 00 5 2 5 , 0 00 1 5 0 0 , 0 00 UU.. SS.. GGoovvtt,, sseeccuurriittiieess 17,165,000 TToottaall ccoollllaatteerraall 29,440,088 1 0 5 0 , 0 00 b,070,000 1 8 4 7 , 2 70 2 7 3 0 , 0 00 2 2 6 5 , 0 00 1 4 2 5 , 0 00 5600.000 1 3 5 4 , 1 85 565,000 1133,633 8 0 8 , 0 00 3 0 0 0 . 0 00 l/ After deducting $191,706,000 participations of other Federal Reserve Banks. D2i/g Aitizfedt eforr dFReAdSuEcRt ing $92,191,000 participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis