H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS For Immediate Release H.4.1 OF THE FEDERAL RESERVE SYSTEM September 18, 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 dally figures of member ban kreserves for the week ending September 17 increased $93 million to $18,572 million. Estimated required reserves increased $6l million; and estimated excess reserves increased $32 million to $687 million. Excess reserves exceeded member ban kborrowings at the Federal Reserve Banks by $124 million, compared with $l4 lmillion the week before. The principal changes supplying average reserves were increases of $166 million in Federal Reserve float and $4-9 million in member ban kborrowings, and decreases of $174 million in Treasury deposits with Federa lReserve Banks, $40 million in money in circulation, and $37 million in "other" deposit swith Federal Reserve Banks. The principal offsetting changes were decreases of $232 million in U. S. Government securities bought outright and $73 million in gold stock, and an increase of $67 million in foreign deposits with Federa lReserve Banks. Total Reserve Bank credit decreased $17 million. As of Wednesday, September 17, holding sof U. S. Government securities bought outright were $166 million lower than a week earlie rand member bank borrowings were $257 million lower. Member bank reserves, Averages of daily figures Reserve Bank credit, For week ending Change from week ending and related items Sept. 17, 1958 Sept. 10, 19581 Septb 18, 1957 (In millions of dollars) Reserve Bank credit: U, S. Government securities-- Bought outright--System account 25,001 -232 +1,715 Held under repurchase agreement -- - *• - 17 Acceptances--bought outright 31 + 8 -- Loans, discounts, and advances-- Member bank borrowings 563 + 49 - 381 Other * — m - 7 Float 1,049 +166 393 Total Reserve Bank credit 26,644 - 17 + 925 Gold stock ,688 20,939 - 73 Treasury currency outstanding 5,215 + 2 94 52,790 - 88 - 670 Money in circulation 31,393 - 40 209 Treasury cash holdings 694 61 - Treasury deposits with F. R. Banks 304 -174 - 206 Foreign deposits with F. R. Banks 397 + 67 - 32 Other deposits with F. R. Banks 282 - 37 - 5 Other F. R. account s(net) 1,156 + 3 - 40 34,226 -181 - 134 Member bank reserves-- 18,572 + 93 - 536 Required reserves (estimated) 17,885 + 6l - 599 Excess reserves (estimated) 687 + 32 + 63 * 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 20,899 Treasury cash holdings 694 Treasury currency outstanding 5,216 Member bank) - Required (est.) 17,916 Money in circulation 31,335 reserves ) - Exces s(est.) 531 On September 17, 1958 ,U. S. Government securities held in custody b ythe Federal Reserve Banks for foreign account were $3,426 million, an increase of $8 million for the week and a decrease of $49 million from the comparable date a Digitiyzeeda forr FaRAgSoE.R http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4*l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANK COMBINED (In thousands of dollars) Change since Sept. 17, Sept. 10, Sept. 18, ML A S S E TS Gold certificate account 19,431,893 114,000 -1,667,498 Redemption fund for F. R. notes 873,534 - 4,778 + 27,402 Total gold certificate reserves 20,305,427 - 118,778 -1,640,096 F. R. notes of other Banks 361,935 + 26,467 - 47,362 Other cash 369,072 + 5,139 - 19,072 Discounts and advances 207,160 - 256,940 - 815,402 Industrial loans 340 • 1 — 269 Acceptances—bought outright 28,901 1,183 + 8,069 - U. S. Government securities; Bought outright— Bills 913,810 165,750 + 401,337 Certificates 21,507,291 -- +1, 573,679 Botes 10,000 .mm + 10,000 Bonds 2,483,771 -- - 317,979 Total bought outright 24,914,872 165,750 +1,667,037 • Held under repurchase agreement Total U. S. Government securities 24,914,872 165,750 +1,667,037 - Total loans and securities 25,151,273 • 423,874 + 859,435 Due from foreign banks 15 -- - 7 Uncollected cash items 6,388,638 +1,649,894 + 24,697 Bank premises 90,175 + 146 + 8,277 Other assets 141,723 - 1,723 + 27,937 TOTAL ASSETS 52,808,258 +1,137,271 786,191 - L I A B I L I T I ES Federal Reserve notes 26,950,598 - 55,044 + 96,604 Deposits: Member bank reserves 18,447,253 + 275,832 662,617 U. S. Treasurer--general account 192,045 - 319,522 - 446,693 Foreign 356,445 - 25,987 - 4,457 Other 269,828 - 48,774 + 16,728 Total deposits 19,265,571 m 118,451 -1,097,039 Deferred availability cash items 5,197,805 +1,301,323 + 217,858 Other liabilities and accrued dividends 17,576 - 668 - 46 TOTAL LIABILITIES 51,431,550 +1,127,160 - 782,623 C A P I T AL A C C O U N TS Capital paid in 356,920 + 668 + 18,602 Surplus 809,195 -- 1/+ 34,059 Other capital accounts 210,593 + 9,443 56,229 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,808,258 +1,137,271 786,191 - Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 43.956 - .1% - 2.6# Contingent liability on acceptances purchased for foreign correspondents 78,549 4,232 + 16,688 Industrial loan commitments 1,031 - 5 - 296 1/ Includes, prio rto September 2 ,1958# Section 13b surplus of $27,54-3,000. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. SEPTEMBER 17. 1958 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximu mmaturity of the agreements.) Discounts and Industrial U. S. Government advances loans Acceptances securities Within 15 days 204,450 178 7,114 282,100 16 days to 90 days 2,710 29 21,787 8,489,275 91 days to 1 year 58 13,649,726 Over 1 year to 5 years 75 1,023,614 Over 5 years to 10 years 83,910 Over 10 years 1,386,247 Total 207,160 350 28,901 24,914,872 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

5.4.1(b) STATEMENT OF CONDITION OF EACH FEDERA LRESERVE BANK ON SEPTEMBER 17, 1958 Fhila 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 19,431,893 955,010 5,247,836 1051,486 1631,229 1136,752 818,975 3530,616 747,573 433,802 806,301 713,405 2358,908 Redemption fund for F. R. notes 873,534 57,159 174,863 56,517 79,105 72,363 53,232 160,203 42,392 21,070 42,078 28,279 86,273 Total gold certificate reserves 20,305,427 1012,169 5,422,699 1108,003 1710,33 41209,115 872,207 3690,819 789,965 454,872 848,379 741,684 2445,181 F.R. notes of other Banks 361,935 29,084 82,529 39,630 12,990 29,598 48,761 27,358 10,590 12,274 13,102 19,424 36,595 Other cash 369,072 28,080 80,766 20,971 34,176 21,773 26,345 59,707 19,616 7,552 10,699 15,958 43,429 Discounts and advances 207,160 24,190 7,695 5,220 13,050 13,450 27,700 72,025 11,400 4,125 18,655 6,150 3,500 Industrial loans 340 327 13 Acceptances— Bought outright 28,901 28,901 U. S. Govt, securities: Bought outright— Bills 913,810 49,755 230,433 52,531 80,895 59,481 46,498 159,624 37,277 19,224 39,004 35,795 103,293 Certificates 21,507,291 1171,029 5,423,450 1236,325 1903,933 1399,9531 094,355 3756,894 877,368 452,449 917,996 842,462 2431,077 Notes 10,000 545 2,523 574 885 651 508 1,747 409 210 427 391 1,130 Bonds 2,483,771 135,236 626,327 142,777 219,876 161,674 126,382 433,865 101,323 jt.5j2C.,j2i5.1 1X0W6),U0J1.5> yif9C7L,j2c9.2 280,753 Total 24,914,072 1356,565 6,282,733 1432,207 2205,599 1621,759 1267,74 34352,130 1016,377 524,134 1063,442 975,940 2516,253 Held under repurchase agreement Total U. S. Govt, sees. 24,914,872 1356,565 6,282,733 1432,20? 2205,589 1621,759 1267,74 34352,130 1016,377 524,134 1063,442 975,940 2816,253 Total loans & securities 25,151,273 1381,082 6,319,329 1437,427 2218,639 1635,209 1295,44 34424,155 1027,777 528,272 1082,097 982,090 2819,753 Due from foreign banks 15 1 1/4 1 1 1 1 2 1 2/ 11 1 Uncollected cash items 6,388,638 436,733 1,255,082 417,362 574,123 493,935 501,401 1038,400 277,120 181,B67 302,301 287,356 622,958 Bank premises 90,175 4,733 10,497 4,335 9,969 6,707 8,8l6 8,651 6,881 5,249 4,883 7,716 11,738 Other assets 141,723 7,639 34,604 7,800 12,468 8,963 7,372 26,018 5,530 2,956 6,806 5,852 15,715 TOTAL ASSETS 52,808,258 2899,521 13,205,510 3035,529 4572,700 3405,301 2760,34 69275,110 2137,48 01193,042 2268,268 2060,081 5995,370 1/ After deducting $11,000 participation sof other Federa lReserve Banks." D2ig/iti zeLd efosr sFR AtShEaR n $500. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OM SEPTEMBER IT, 1958 E.4.1(c) Phila Cleve- S*. Minne- Kansas Sao Total Boston New York Richmond Atlanta Chicago Dallas delphla land Louis apolis City Francisco (In thousands of dollars) L I A B I L I T I ES Federal Reserve notes 26,950,598 1577,933 6,327,728 1665,152 2496,680 2087,807 1325,054 5206,502 1190,26 0564,884 1073,097 752,772 2682,729 Deposits: Member bank reserves 18,W,253 842,652 5,109,257 889,271 1443,479 809,248 926,967 2919,958 662,875 428,769 885,316 966,613 2562,848 U.S.Treas.-gen.acc t. 192,045 536 183,691 579 515 520 553 5C0 552 2,027 550 508 1,514 356,445 18,753 1/120,223 22,701 29,281 16,779 14,805 47,047 12,173 7,896 12,831 17,108 36,848 Foreign 269,828 4l8 216,507 2,142 1,658 3,843 1,267 1,313 1,227 268 1,213 1,490 38,482 Other Total deposits 19,265,571 862,359 T,629,678 914,693 1474,933 830,390 943,592 2968,818 676,827 438,960 899,910 985,719 2639,692 Deferred availability cash items 5,197,805 379,878 866,846 362,937 475,264 414,897 425,309 893,639 216,247 154,272 239,682 250,514 518,320 Other liabilities and accrued dividends 17,576 1,191 4,4c6 754 1,882 803 848 2,626 600 996 640 848 1,982 TOTAL LIABILITIES 51,431,550 2B2T736l~~L2,b2b,655"29?3753Fm4b,759 3333,897 2694,503 9071,585 2083,934 1159,112 2213,32 91989,853 5842,723 CAPITAL ACCOUNTS Capital paid in 356,920 17,918 103,671 21,790 33,472 16,159 18,010 48,956 12,075 8,218 14,566 20,135 41,950 Surplus 809,195 47,148 223,530 56,214 71,541 4l,l65 36,198 121,515 31,560 19,761 30,524 40,926 89,113 Other capital accounts 210,593 13,094 49,651 13,989 18,928 14,080 11,335 33,054 9,911 5,951 9,849 9.167 21,584 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,808,258 2899,521 13,205,510 3035,529 4572,700 3405,301 2760,34 69275,110 2137,48 01193,042 2268,268 2060,081 5995.370 Conting. liab. on acceptances purchased for foreign correspondents 78,549 4,474 2/22,186 5,416 6,986 4,003 3,533 11,226 2,905 1,884 3,062 4,082 8,792 Industrial loan commit. 1,031 91 940 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 27,870,887'1638,713 6,570,760 1717,542 2555,249 2153,529 1393,370 5305,804 1233,274 578,636 1104,371 795,364 2824,275 Collat. for F. R. notes: Gold certificate acct. 11,508,000 600,000 3,270,000 640,000 1000,000 775,000 425,000 2300,000 430,000 185,000 300,000 283,000 1300,000 —— — — 5,220 -- •»- — - -- 11,400 —— 18,655 ~ — Eligible paper 35,275 U. S. Govt, securities 17,570,000 1150,000 3,600,000 1200,000 1600.000 1450,000 1000.000 3200,0 09000w000 425.000 820.000 525.000 1700.000 Total collateral 29,113,27511750,000 6,870,000 1845,220 2600,000 2225.000 1425.000 5500.000 1341.400 610.000 1138.655 808.000 3000.000 1/ After deducting $236,222,000 participations of other Federa lReserve Banks. 2/ After deducting $56,363,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis