H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOAED OF GOVERNORS For Immediate Release H.4.1 OF THE FEDERAL RESERVE SYSTEM April 10, 1958 WEEKLY AVERAGES OF MEMBER BAH RESERVES, RESERVE BAH CREDIT, AMD RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of daily figures of member "bank reserves for the week ending April 9 decreased $226 million to $18,300 million. Estimated required reserves decreased $182 million; and estimated excess reserves decreased $44 million to $651 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $561 million, compared with $551 million the week before. The principal changes reducing average reserves were decreases of $100 million in gold stock and $54 million in member bank borrowings, and increases of $125 million in "other" deposits with Federal Reserve Banks and $108 million in money in circulation. The principal offsetting changes were an increase of $103 million in Federal Reserve float and a decrease of $44 million in Treasury deposits with Federal Reserve Banks, Total Reserve Bank credit increased $52 million. As of Wednesday, April 9; holdings of U. S. Government securities bought outright and those held under repurchase agreement were unchanged from a week earlier, and member bank borrowings were $2? million higher. Member bank reserves, Averages of daily figures Reserve Bank credit, For week ending Change from week ending and related items April 9. 1958 April 2, 19581 April 10, 1957 (in millions of dollars) Reserve Bank credit: U, S, Government securities-- Bought outright--System account 23,628 + 3 + 588 Held under repurchase agreement — — — — - 222 Acceptances-- Bought outright 39 - 1 + 14 Held under repurchase agreement - 1 — — — m Loans, discounts, and advances-- Member bank borrowings 90 - 54 -1 ,115 Other * - 1 - 26 Float 879 + 103 2 Total Reserve Bank credit 24,638 + 52 762 - Gold stock 22,294 -10c 13 - Treasury currency outstanding 5,187 + 3 + 99 52,119 - 45 - 676 Money in circulation 30,744 +108 + 89 Treasury cash holdings 729 + 3 - 85 Treasury deposits with F. R. Banks 479 - 44 + 92 Foreign deposits with F. R. Banks 269 - 8 - 71 Other deposits with F. R. Banks 493 +125 + 188 Other F, R. accounts (net) 1,106 - 3 99 - 33,819 +180 + 112 Member bank reserves-- 18,300 -226 788 Required reserves (estimated) •17,649 -182 87% - Excess reserves (estimated) 651 - 44 + 86 Less than $500,000. 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 22,295 Treasury cash holdings 735 Treasury currency outstanding 5,191 Member bank) - Required (est.) 17,666 Money in circulation 30,704 reserves ) - Excess (est.) 632 On April 9, 1958, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,267 million, a decrease of $34 million for the week and a decrease of $432 million from the comparable Digitized for FRASER date a year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H»4«l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) Change since April 9, April 2, April 10, 1956 1958 1957 A S S E TS Gold certificate account 20,848,392 - 100,001 + 73,999 Redemption fund for F. R. notes 853,062 2,580 +_ tW Total gold certificate reserves 21,701,45^ - 102,581 + F. R. notes of other Banks 440,189 2,779 + 74,166 Other cash 431,766 - 32,727 + 29,083 Discounts and advances 139,033 + 26,597 -1,088,108 Industrial loans 497 + 19 289 Acceptances: Bought outright 39,423 + 15,017 Held under repurchase agreement 3,043 U. S. Government securities: Bought outright- Bills 892,560 + 587,855 Certificates 19,946,105 +8,583,906 Notes -8,571,413 Bonds 2.789,257 - 12,493 Total bought outright 23,627,922 + 587,855 - 182,200 Held under repurchase agreement Total U. S« Government securities 23,627,922 + 405,655 Total loans and securities 23,806,875 + 26,610 670,768 Due from foreign "banks 15 7 Uncollected cash items 4,379,915 - 73,435 + 47,138 Bank premises 85,967 + 352 + 9,790 Other assets 202,496 + 14,634 + 99 f 525 TOTAL ASSETS 51,048,677 - 169,926 - 331,905 L I A B I L I T I ES Federal Reserve notes 26,527,677 - 12,603 + 80,711 Deposits: Member bank reserves 18,297,862 - 67,667 - 624,185 U. S. Treasurer--general account 481,976 - 120,741 + 105,625 Foreign 252,563 - 26,763 - 81,498 Other 406,957 + 24,406 + 98,691 Total deposits 19,439,358 - 190,765 - 501,367 Deferred availability cash items 3,687,850 + 20,115 + 77,942 Other liabilities and accrued dividends 17,997 + 1,099 - 1,130 TOTAL LIABILITIES 49,672,882 - 182,154 - 343,844 C A P I T AL A C C O U N TS Capital paid in 350,039 138 + 18,978 Surplus (Section 7) 809,198 + 61,605 Surplus (Section 13b) 27,543 Other capital accounts 189,015 12,090 - 68,644 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,048,677 169,926 - 331,905 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 47.2# Contingent liability on acceptances purchased for foreign correspondents 139,439 2,624 Industrial loan commitments 1,005 20 15i%, MATURITY DISTRIBUTION OF LOANS AND SECURITIES. APRIL 9, 1958 (Acceptances and securities held under repurchase agreement are classified^ae 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 136,997 137 13,158 146,050 16 days to 90 days 1,989 170 26,265 746,510 20,285,201 91 days to 1 year 47 87 Over 1 year to 5 years 103 1,035,304 56,610 Over 5 years to 10 years Over 10 years 1.358,247 Digitized for FRASER Total 139,033 597 397423 23,627,922 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 9, 1958 Phila- Cleve- St, Minne- Kansas San Total Boston New York Richmond Atlanta Chicago Dallas delphia land Louis apolis City Francisee (In thousands of dollars} A S S E TS Gold certificate account 20,848,392 943,104 5,957,190 1117,064 1771,137 1228,521 857,644 3668,799 843,912 438,500 854,294 731,528 2436,699 Redemption fund for F« R. notes 853,062 54,723 176,410 58,687 77,405 75,993 47,809 154,690 42,694 21,911 41,033 28,052 73,655 Total gold certificate reserves 21,701,454 997,827 6,133,600 1175,751 1848,542 1304,514 905,453 3823,489 886,606 460,411 895,327 759,580 2510,354 F.R. notes of other Banks 440,189 20,640 118,941 27,358 44,114 36,424 69,408 31,352 7,928 17,687 6,146 27,937 32,254 Other cash 431,766 30,844 88,312 26,585 41,116 25,669 31,331 72,461 23,109 10,895 13,245 17,229 50,970 Discounts and advances 139,033 8,015 33,860 7,875 30,916 7,880 6,276 34,197 250 700 7,989 900 175 Industrial loans 497 327 150 20 Acceptances-- Bought outright 39,423 39,423 U. S. Govt, securities: Bought outright-- Bills 892,560 48,599 225,076 51,307 79,014 58,099 45,416 155,912 36,411 18,777 38,097 34,962 100,890 Certificates 19,946,105 1086,025 5,029,769 1146,582 1765,729 1298,332 1014,918 3484,186 813,681 419,606 851,360 781,309 2254,608 Notes Bonds 2,789,257 151,869 703,361 160,338 246,919 181,558 141,926 487,227 113,785 58,678 119,054 109,258 315,284 Total 23,627,922 1286,493 5,958,206 1358,227 2091,662 1537,989 1202,260 4127,325 963,877 497,061 1006,511 925,529 2670,782 Held under repurchase agreement Total U. S. Govt, sees. 23,627,922 1286,493 5,958,206 1358,227 2091,662 1537,989 1202,260 4127,325 963,877 497,061 1008,511 925,529 2670,782 Total loans & securities 23,806,875 1294,835 6,031,489 1366,252 2122,578 1545,869 1208,536 4l6l,522 964,127 497,781 1016,500 926,429 2670,957 Dye from foreign banks 15 1 1/4 1 1 1 1 2 1 2/ 1 11 Uncollected cash items 4,379,915 323,995 775,846 315,429 369,356 350,728 368,960 731,868 182,898 117,Bl4 220,794 195,000 427,227 Bank premises 85,967 4,906 10,648 4,446 9,772 6,902 7,402 7,142 6,408 5,357 4,918 6,708 11,358 Other assets 202,496 10,758 50,046 11,355 17,957 12,929 10,353 36,635 8,057 4,244 8,952 8,698 22,512 TOTAL ASSETS 51,048,677 2683,806 13,208,886 2927,177 4453,436 3283,036 2601,444 8864,471 2079,134 1114,189 2165,883 1941,582 5725,633 1/ After deducting $11,000 participations of other Federal Reserve Banks, 2/ Less than $500, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 9, 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) L I A B I L I T I ES Federal Reserve notes 26,527,677 1568,286 6,296,886 1662,653 2496,407 2074,691 1239,405 5143,762 1180,298 530,046 1051,473 712,772 2570,998 Deposits: Member bank reserves 18,297,862 681,789 5,435,413 847,620 1439,562 798,820 926,382 2834,724 665,984 420,369 825,065 927,872 2494,242 U.S.Treas.-gen.acct. 481,976 37,196 66,648 39,916 36,390 36,902 29,199 55,023 18,539 20,717 41,351 39,346 60,749 Foreign 252,563 13,623 1/80,961 16,491 21,271 12,189 10,755 34,177 8,643 5,736 9,321 12,428 26,768 Other 406,957 3jc2j3 JO""346,800 13,0 89 5wj ^1 fMB 3.719 xy c-, 2\, j0 4x4.» 1.169 2,722 205 1»192 u- # 1,284 32,996 Total deposits 19,439,358 732,931 5,929,022 917,112 1498,641 851,630 968,380 2925,093 696,088 447,047 876,929 980,930 2614,755 Deferred availability cash items 3,687,850 301,649 599,728 251,930 333,479 282,571 328,409 592,978 149,006 102,322 182,004 176,774 387,000 Other liabilities and accrued dividends 17,997 1.047 4.593 895 2,462 912 774 2.958 584 660 632 783 , 1,697 TOTAL LIABILITIES 49,672,882 2603,913 12,831,029 2832,590 4330,959 3209,804 2536,968 8664,791 2025,976 10^0,075 2111,038 1871,259 5574,450 CAPITAL ACCOUNTS Capital paid in 350,039 17,827 102,960 21,423 33,002 15,949 17,134 47,850 11,802 7,563 14,156 19,723 40,650 Surplus (Section 7) 809,198 47,013 223,963 55,923 71,550 41,236 36,192 121,504 31,586 19,697 30,533 40,871 89,130 Stlrplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 189,015 12.042 43.615 12.752 16.889 12.698 10,388 28.897 9.249 5,781 9,019 8,422 19.263 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,048,677 2683.806 13,208.886 2927.177 4453.436 3283.036 2601.444 8864,471 2079,134 1114,189 2165,803 1941,582 5725.633 Conting. liab. on acceptances purchased for foreign correspondents 139,439 7,951 2/39,278 9,625 12,415 7,115 6,278 19,948 5,162 3,348 5,441 7,254 15,624 Industrial loan commit. 1,005 l4 51 — —• 940 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 27,558,067 1645,559 6,608,915 1729,709 2596,195 2140,012 1298,762 5244,147 1225,647 545,526 1073,216 755,981 2694,498 Collat. for F. R. notes: Gold certificate acct. 12,058,000 700,000 3,270,000 640,000 1130,000 825,000 425,000 2400,000 430,000 155,000 300,000 283,000 1500,000 Eligible paper 16,ll4 — — ~mm 7,875 — — — —' «•— 2^0 7,989 U. S. Govt, securities 17,145,000 1150,000 3,600,000 1200,000 1600,000 1350,000 1000,000 3100,000 875,000 425,000 820,000 525.000 1500,000 Total collateral 29,219,114 1850,000 6,870,010 1847,875 2730,000 2175,000 1425,000 5500,000 1305,250 580,000 1127,989 808,000 3000,000 l/ After deducting $171,6 02,000 participations of other Federal Reserve Banks, 5/ After deducting $100, 161,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis