H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS For Immediate Release H.4.1 OF THE FEDERAL RESERVE SYSTEM April 17, 1958 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 bank reserves for the week ending April l6 increased $69 million to $18,369 million .Estimated required reserves increased $48 million; and estimated excess reserves increased $21 million to $653 million. Excess reserves exceeded member ban kborrowings at the Federal Reserve Banks by $454 million, compared with $542 million the week before. The principal changes supplying average reserves were an increase of $109 million in member ban kborrowings, and decreases of $112 million in "other" deposits with Federal Reserve Banks and $22 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $95 million in gold stoc kand $50 million in Federal Reserve float, and an increase of $50 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $63 million* As of Wednesday, April 16, holdings of U. S. Government securities bought outright were $76 million higher than a week earlier ,U. S. Government securities held under repurchase agreement were $92 million higher, and member bank borrowings were $157 million higher. Member bank reserves, Averages of daily figures Reserve Bank credit, For week ending Change from week ending and related items April l6, 1958 April 9, 1958 IApril 17, 1957 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright—System account 23,611 - 17 + 465 Held under repurchase agreement 22 + 22 - 114 Acceptances-- Bought outright 40 + 1 + 15 Held under repurchase agreement 1 -- -- Loans, discounts, an dadvances-- Member bank borrowings 199 +109 -1,020 Other * 26 — — Float 829 - 50 - 138 Total Reserve Bank credit 24,701 + 63 - 819 Gold stock 22,199 - 95 - 114 Treasury currency outstanding 5,192 + 5 + 103 52,092 - 27 - 831 Money in circulation 30,733 - 11 + 52 Treasury cash holdings 731 + 2 - 77 Treasury deposits with F. R. Banks 457 - 22 21 Foreign deposits with F. R. Banks 319 + 50 - 25 Other deposits with F. R. Banks 381 -112 + 8l Other F. R. account s(net) 1,104 - 2 - 99 33,723 96 - 92 • - Member bank reserves-- 18,369 + 69 - 738 Required reserves (estimated) 17,716 + 48 - 840 Excess reserves (estimated) 653 + 21 + 102 * 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 22,170 Treasury cash holdings 727 Treasury currency outstanding 5,192 Member bank) - Required (est.) 18,106 Money in circulation 30,668 reserves ) - Exces s(est.) 764 On April 16, 1958, U. S. Government securities held in custody b ythe Federal Reserve Banks for foreign account were $3,217 million, a decrease of $50 million for the week and a decrease of $532 million from the comparable date Digitizead foyr eFaRAr SEaRg o. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since April 16, April 9, April 17, 1958 1958 1957 A S S E TS Gold certificate account 20,738,391 110,001 41,002 Redemption fund for F. R. notes 850,776 - 2,286 - 4,870 Total gold certificat ereserves 21,589,167 - 112,287 - 45,872 F. R. note sof other Banks 439,208 - 981 + 51,268 Other cash 426,231 - 5,535 + 38,428 Discounts and advances 296,440 + 157,407 512,606 - Industrial loans 498 + 1 - 285 Acceptances—bought outright 39,429 + 6 + 14,519 U. S. Government securities: Bought outright-- Bills 968,610 + 76,050 + 534,505 Certificates 19,946,105 +8,583,906 Notes -I3 ,571,413 - - Bonds 2,789,257 12,493 - — - Total bought outright 23,703,972 + 76,050 + 534,505 Held under repurchase agreement 92,000 4- 92,000 + , 22,700 Total U. S. Government securities 23,795,972 + 168,050 + ,557,205 Total loans an dsecurities 24,132,339 + 325,464 + 58*833 Due from foreign banks 15 -- - 7 Uncollected cash items 5,769,433 +1,389,518 + 92,296 Bank premises 86,239 + 272 + 9,554 Other assets 217,137 + 14,641 +, 101,793 TOTAL ASSETS 52,659,769 +1,611,092 + , 306,293 L I A B I L I T I ES Federal Reserve notes 26,487,791 39,886 + 36*755 - Deposits: Member bank reserves 18,869,922 + 572,060 - 44,637 tL S. Treasurer—general account 393i 585 - 88,391 + 9,510 Foreign 259,037 + 6,474 - 100,968 Other 383,854 23,103 + 83,962 - Total deposits 19,906,398 467,040 - 52,133 Deferred availability cash items 4,859,707 +1,171,857 + 309,605 Other liabilities and accrued dividends 17,921 - 76 - 590 TOTAL LIABILITIES 51,271,817 +1,598,935 + 293,637 C A P I T AL A C C O U N TS Capital paid in 350,174 135 + 18,845 Surplus (Section J) 809,198 + 61,605 Surplus (Section 13b) 27,543 Other capital Accounts 201,037 12^022 67,794 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,659,769 +1,611,092 +_ 306,293 Ratio of gold certificat ereserves to deposit and F. R» note liabilities combined 46.5# Contingent liability on acceptances purchased for foreign correspondents 135,278 4,l6l 72,392 Industrial loan commitments 1,003 2 953 MATURITY DISTRIBUTION OF LOAN SAND SECURITIES, APRIL l6 ,1958 (Acceptances and securities held under repurchase agreement ar eclassified as maturing within 1 5days in accordanc ewith maximu mmaturity of th eagreements.) Discounts and Industrial U. S. Government advances loans Acceptances securities Within 15 days 295,080 136 17,320 339,900 l6 days to 90 days 1,325 181 22,109 720,710 91 days to 1 year 35 87 20,285,201 Over 1 year to 5 years 94 1,035,304 Over 5 yearn to 10 years 56,610 Over 10 years -1,358,247 Total 296T55o m 39,429 23.795,972 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITIO NOF EACH FEDERA LRESERVE BAHK OH APRI L16, 1251 Phila- Cleve- St. Minne- Kansas San Total Boston J New York j Richmond Atlanta Chicago Dallas delphia land Louis apolis City Francisee (In thousands of dollars) A S S E TS Gold certificate account 20,738,391 932,791 5,763,632 1135,795 1760,774 1213,136 832,380 3661,444 849,779 434,584 867,638 758,155 2528,283 Redemption fund for F. R. notes 850,776 54,604 175,907 58,472 77,200 75,376 47,700 154,474 42,626 21,881 40,985 28,013 73,538 Total gold certificate Teserves 21,589,167 987,395 5,939,539 1194,267 1837,9741 288,512 880,080 3815,918 892,405 456,465 908,623 786,168 2601,821 F.R* notes of other Banks 439,208 24,238 115,691 29,576 43,885 32,179 67,149 32,961 9,516 16,648 7,058 29,092 31,215 Other cash 426,231 30,871 87,771 27,145 42,552 25,944 27,799 68,936 21,514 10,121 13,384 18,277 51,917 Discounts and advances 296,440 10,120 107,475 3,325 18,155 5,010 14,680 114,847 6,800 2,500 13,003 400 125 Industrial loans 498 327 152 19 Acceptances-- Bought outright 39,429 39,429 U. S. Govt, securities: Bought outright— Bills 968,610 52,740 244,253 55,679 85,746 63,049 49,285 169,197 39,514 20,376 41,343 37,941 109,487 Certificates 19,946,105 1086,025 5,029,769 1146,5821 765,729 1298,332 1014,9183 484,186 813,681 419,606 851,360 781,309 2254,608 Botes 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 23,703,972 1290,634 5,977,303 1362,599 2098,39 41542,939 1206,129 4140,610 966,980 498,660 1011,757 92b,500 2679,379 Held under repurchase agreement 92,000 92,000 Total U. £U Govt, sees. 23,795,972 1290,634 6,069,383 1362,599 2098,39 41542,939 1206,129 4l40,6l0 966,980 498,660 1011,757 928,508 2679,379 Total loans &securities 24,132,339 1301,081 6,216,287 1366,076 2116,549 1547,949 1220,809 4255,457 973,780 501,179 1024,760 928,908 2679,504 Due from foreign banks 15 1 1/4 1 1 1 12 1 2 / 1 11 Uncollected cash items 5,769,433 393,834 1,1417535 346,738 484,417 435,788 505,530 1014,783 233,535 147,882 261,500 266,094 537,797 Bank premises 86,239 4,906 10,648 4,446 9,760 6,902 7,403 7,424 6,408 5,357 4,918 6,709 11,356 Other assets 217,137 11.644 53.601 12.192 19.066 13.888 11,095 39.247 8,656 4.568 9.581 9.473 24,126 TOTAL ASSETS 52,659,769 2753,970 13,565,076 2980,441 4554,204 3351,163 2719,866 9234,728 2145,815 1142,220 2229,825 2044,722 5937,739 1/ After deducting $11,000 participation sof other Federa lReserve Banks. 2/ Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4. 1(c) STATEMENT OF CONDITIO NOF EACH FEDERA LRESERVE BAMC ON APRIL 16, 1958 Total Boston New York Richmond Atlanta Chicago ^ ^s ^ty" DallaS Fr^Ssco (In thousands of dollars) LLLLL IIIII AAAAA BBBBB IIIII LLLLL IIIII TTTTT IIIII EEEEESSSSS FFFFFeeeeedddddeeeeerrrrraaaaalllll RRRRReeeeessssseeeeerrrrrvvvvveeeee nnnnnooooottttteeeeesssss 26,487,791 1564,722 6,293,511 1659,107 2491,787 2067,033 1239,349 5135,190 1178,567 534,678 1047,924 710,707 2565,216 DDDDDeeeeepppppooooosssssiiiiitttttsssss::::: MMMMMeeeeemmmmmbbbbbeeeeerrrrr bbbbbaaaaannnnnkkkkk rrrrreeeeessssseeeeerrrrrvvvvveeeeesssss 18,869,922 726,084 5,538,209 884,696 1463,592 807,041 939,573 2966,866 688,801 420,780 867,768 978,584 2587,928 UUUUU.....SSSSS.....TTTTTrrrrreeeeeaaaaasssss.....-----gggggeeeeennnnn.....aaaaaccccccccccttttt..... 393,585 11,895 55,462 26,778 26,271 22,669 20,596 30,966 23,890 15,138 34,203 35,954 89,763 FFFFFooooorrrrreeeeeiiiiigggggnnnnn 259,037 14,421 1/77,383 17,457 22,517 12,903 11,385 36,179 9,361 6,072 9,867 13,156 28,336 OOOOOttttthhhhheeeeerrrrr 383,854 664 332,266 9,746 933 3,502 1,568 1,153 1,799 4o8 1,030 1,272 29,513 TTTTToooootttttaaaaalllll dddddeeeeepppppooooosssssiiiiitttttsssss 19,906,398 753,064 6,003,320 938,677 1513,313 846,115 973,122 3035,164 723,851 442,398 912,868 1028,966 2735,540 DDDDDeeeeefffffeeeeerrrrrrrrrreeeeeddddd aaaaavvvvvaaaaaiiiiilllllaaaaabbbbbiiiiillllliiiiitttttyyyyy cccccaaaaassssshhhhh iiiiittttteeeeemmmmmsssss 4,859,707 354,597 882,532 286,522 423,340 363,203 441,391 859,611 189,284 130,135 213,109 233,311 482,672 OOOOOttttthhhhheeeeerrrrr llllliiiiiaaaaabbbbbiiiiillllliiiiitttttiiiiieeeeesssss aaaaannnnnddddd aaaaaccccccccccrrrrruuuuueeeeeddddd dddddiiiiivvvvviiiiidddddeeeeennnnndddddsssss 17,921 1,068 4,708 849 2,200 822 869 2,895 550 666 604 944 1,746 TTTTTOOOOOTTTTTAAAAALLLLL LLLLLIIIIIAAAAABBBBBIIIIILLLLLIIIIITTTTTIIIIIEEEEESSSSS 51,271,817 2673,451 13,184,071 2085,155 4430,640 3277,173 2654,731 9032,860 2092,252 1107,877 2174,505 1973,928 5785,174 CCCCCAAAAAPPPPPIIIIITTTTTAAAAALLLLL AAAAACCCCCCCCCCOOOOOUUUUUNNNNNTTTTTSSSSS CCCCCaaaaapppppiiiiitttttaaaaalllll pppppaaaaaiiiiiddddd iiiiinnnnn 350,174 17,828 102,959 21,423 33,014 15,950 17,211 47,854 11,802 7,569 14,159 19,755 40,650 SSSSSuuuuurrrrrpppppllllluuuuusssss (((((SSSSSeeeeeccccctttttiiiiiooooonnnnn 77777))))) 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 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,l4o OOOOOttttthhhhheeeeerrrrr cccccaaaaapppppiiiiitttttaaaaalllll aaaaaccccccccccooooouuuuunnnnntttttsssss 201,037 12,667 46,764 13,451 17,994 13,455 10,970 31,081 9,654 6,004 9,491 8,861 20,64? TTTTTOOOOOTTTTTAAAAALLLLL LLLLLIIIIIAAAAABBBBBIIIIILLLLLIIIIITTTTTIIIIIEEEEESSSSS AAAAANNNNNDDDDD CCCCCAAAAAPPPPPIIIIITTTTTAAAAALLLLL AAAAACCCCCCCCCCOOOOOUUUUUNNNNNTTTTTSSSSS 52.659,769 2753,970 13,565,076 2980,441 4554.204 3351,163 2719,866 9234,728 2145,815 1142,22 02229.825 2044,722 5937,739 CCCCCooooonnnnntttttiiiiinnnnnggggg..... llllliiiiiaaaaabbbbb..... ooooonnnnn aaaaacccccccccceeeeepppppttttt----aaaaannnnnccccceeeeesssss pppppuuuuurrrrrccccchhhhhaaaaassssseeeeeddddd fffffooooorrrrr fffffooooorrrrreeeeeiiiiigggggnnnnn cccccooooorrrrrrrrrreeeeessssspppppooooonnnnndddddeeeeennnnntttttsssss 135,278 7,610 2/39,425 9,211 11,881 6,808 6,007 19,091 4,940 3,204 5,207 6,942 14,952 IIIIInnnnnddddduuuuussssstttttrrrrriiiiiaaaaalllll llllloooooaaaaannnnn cccccooooommmmmmmmmmiiiiittttt..... 1,003 —— — — 12 51 940 • • FEDERAL RESERVE AGENTS' ACCOUNTS FF.. RR.. nnootteess oouuttssttaannddiinngg 27,549,193 1644,180 6,620,320 1729,431 2589,392 2139,663 1294,154 5239,687 1220,796 549,541 1074,120 757,510 2690,399 CCoollllaatt.. ffoorr FF.. RR.. nnootteess;; GGoolldd cceerrttiiffiiccaattee aacccctt.. 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 EElliiggiibbllee ppaappeerr 23,128 — — — — 3,325 ~ —* * — — • • 6,800 — — 13,003 — — UU.. SS.. GGoovvtt,, sseeccuurriittiieess 17,145,000 1150,0(>0 3,600,000 1200,000 1600,000 1350,000 1000,000 3100,000 875,000 425,000 820,000 525,000 1500,000 TToottaall ccoollllaatteerraall 29,226,128 1850,000 6,870,000 1843,325 2730,000 2175,000 1425,000 5500,000 1311,800 580.000 1133,003 808.000 3000.000 1/ After deducting $181,654,000 participation sof other Federa lReserve Banks. 2/ After deducting $95,853,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis