H.4.1 Factors Affecting Reserve Balances of Depository Institutions

. BOARD OF GOVERNORS For Immediate Release OF TEE FEDERAL RESERVE SYSTEM October 30, 1958 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS , . average of daily figures of member bank reserves for the week ending A October 29 decreased $137 million to $18,515 million. Estimated required reserves Increased $94 million; and estimated excess reserves decreased $43 million to Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $116 million, compared with $246 million the week before. a., , Principal changes reducing average reserves were decreases of i0n in Federal Reserve float and $34 million in gold stock. The principal v Aqo 6 changes were increases of $87 million in member "bank borrowings and -in°n in U* S* Government securities bought outright, and decreases of ia m^1 0n in money in circulation and $38 million in foreign deposits with federal Reserve Banks. Total Reserve Bank credit decreased $279 million. Wednesday, October 29, holdings of U. S, Government securities bought outright were $147 million higher than a week earlier and member bank borrowings were $380 million lower. Averages of daily figures Member bank reserves, Week ending Change from week ending; Wednesday) Reserve Bank credit, October 29, October 22, October 30, Oct. 29, and related items 1958 1958 1957 1958 (In millions of dollars) Reserve Bank credit: U. S, Government securities-- Eought outright--System account 25,300 + 58 +2 1,121 25,373 Held under repurchase agreement -- - 16 Acceptances--bought outright 34 + 1 + 18 33 Loans, discounts, and advances-- Member bank borrowings 455 + 87 - 248 377 Other Float 2 + 1 - 5 2 977 -424 - 74 776 Total Reserve Bank credit 26,767 -279 + 1, 795 26,561 Gold stock 20,690 - 34 -1)981 20,690 Treasury currency outstanding 5,221 + 1 + 89 5.222 52,678 -312 - 97 52,472 Money in circulation 31,299 -136 + 291 31,293 Treasury cash holdings 681 -- - 105 684 Treasury deposits with F. R. Banks 512 + 48 - 6 542 Foreign deposits with F. R. Banks 270 - 38 - 48 280 Other deposits with F. R. Banks 321 - 11 + 70 326 Other F. R, accounts (net) •1,080 - 37 + 23 1,079 34,163 -175 + 225 34,206 Member bank reserves-- 18,515 -137 322 18,267 Required reserves (estimated) 17,944 - 94 - 530 17,960 Excess reserves (estimated) 571 - 43 + 208 307 , - 0n October 29, 1958, U. S. Government securities held in custody by the f°r foreign account were $3,776 million, an increase of ! = n veek and an increase of $28 million from the comparable date " year ago• Digitized for FRASER 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 Oct. 29, Oct. 22, Oct, 30. 1958 1958 1957 A S S E TS Gold certificate account 19,217,892 1,928,498 Redemption fund for F. R. notes 887,297 - 2,367 + 40,960 Total gold certificate reserves 20,105,189 - 2,367 1,887,538 F. R. notes of other Banks 386,444 + 4,103 - 25,571 Other cash 381,057 + 3,747 + 2,569 Discounts and advances 378,267 - 380,483 - 408,823 Industrial loans 338 -- - 232 Acceptances--bought outright 33,158 + 1,635 + 17,264 U. S. Government securities: Bought outright- Bills 1,371,610 + 147,400 + 933,137 Certificates 21,507,291 -- +1,573,679 Notes 10,000 m mm + 10,000 Bonds 2,483,771 mmm - 317,979 Total bought outright 25,372,672 + 147,400 +2,198,837 Held under repurchase agreement -- - m mm - 61,300 Total U. S. Government securities 25,372,672 + 147,400 +2,137,537 Total loans and securities 25,784,435 - 231,448 +1,745,746 Due from foreign banks 15 -- + 3 Uncollected cash items 4,988,813 - 515,335 + 210,971 Bank premises 93,309 + 2,226 + 10,608 Other assets 210,280 + 8,947 + 5,677 TOTAL ASSETS 51,949,542 - 730,127 + 62,465 L I A B I L I T I ES Federal Reserve notes ~~ 26,938,903 - 34,441 + 155,839 Deposits: Member bank reserves 18,266,690 - 408,024 499,103 U. S. Treasurer--general account 542,233 + 17,641 + 84,243 Foreign 280,118 - 16,590 - 111,054 Other 326,183 + 9,554 + 95,590 Total deposits 19,415,224 - 397,419 - 430,324 Deferred availability cash items 4,212,467 - 272,495 + 297,765 Other liabilities and accrued dividends 22,455 + 651 + 2,743 TOTAL LIABILITIES 50,589,049 - 703,704 + 26,023 C A P I T AL A C C O U N TS Capital paid""in ~ 357,342 + 59 + 16,428 Surplus 809,195 1/+ 34,059 Other capital accounts 193,956 - 26,482 ' 14,045 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,949,542 730,127 + 62:465 ~ Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 43.4% + .4% - 3.8% Contingent liability on acceptances purchased for foreign correspondents 70,411 + 4,737 + 909 Industrial loan commitments 1,019 - 137 1/ Net change after elimination of Sec. 13b sv 2, 1958. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 29, 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 371,535 186 12,119 276,000 16 days to 90 days 6,732 29 21,039 8,953,175 91 days to 1 year 52 -13,649,726 Over 1 year to 5 years 71 1,023,614 Over 5 years to 10 years 83,910 Over 10 years 1,386,247 Total 378,267 335 337155 25,372,672 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

2.4.1(b) STATEMENT OF C0NDIT]C ON OF EACH FEDERAJ RESERVE BANK ON OCTOBER 29, 1958 Total J Boston New York Phila- I Cleve- Richmond Atlanta Chicago St. Minne- Kansas delphial land. Louis apolis City 1 Franco A S S E TS Gold certificate account 19,217,892 962,836 5,938,207 1053,212 1646,578 1124,522 799,630 3366,156 778,825 449,211 788,373 744,625 2465,717 Redemption fund for F. R. notes 887,297 56,465 181,922 57,431 78,999 79,460 52,692 158,963 44,058 20,810 41,820 29,070 85,607 Total gold certificate reserves 20,105,189 1019,301 5,220,129 1110,643 1725,577 1203,982 852,322 3525,119 822,883 470,021 830,193 773,695 2551,324 F.R. notes of other Banks 386,444 27,352 101,771 36,947 18,747 32,764 45,643 31,888 11,395 13,620 11,338 19,454 35,525 Other cash 381,057 27,337 78,982 20,954 33,478 22,710 28,463 67,467 17,944 8,175 11,878 17,059 46,610 Discounts and advances 378,267 10,439 46,406 4,775 20,904 39,991 99,008 65,376 18,698 14,331 39,225 10,768 8,346 Industrial loans 338 327 11 Acceptances— Bought outright 33,158 33,158 — -- —- — — —' — U« S. Govt, securities: Bought outright- Bills 1,371,610 74,681 345,876 78,847 121,422 89,280 69,792 239,592 55,953 28,855 58,544 53,728 155,040 Certificates 21,507,291 1171,029 5,423,450 1236,3251 903,933 1399,953 1094,355 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 52,251 106,015 97,292 280,753 Total 25,372,672 1381,491 6,398,176 1458,523 2246,116 1651,558 1291,037 4432,098 1035,053 533,765 1082,982 993,873 2868,000 Held under repurchase agreement Total U.S. Govt, sees. 25,372,672 1381,491 6,398,176 1458,523 2246,116 1651,558 1291.037 4432,098 1035,053 533,765 1082.982 993,873 2868,000 Total loans & securities 25,784,435 1392,257 6,477,740 1463,298 2267,020 1691,549 1390,045 4497,474 1053,751 548,107 1122,207 1004,641 2876,346 Due from foreign banks 15 1 1 /4 l l 1 1 2 1 2/ 1 11 Uncollected cash items 4,988,813 364,848 923,262 302,823 462,303 377,804 379,614 824,179 218,362 149,608 262,269 235,570 488,171 Bank premises 93,309 4,664 10,537 4,290 9,950 6,658 9,047 11,405 6,883 5,222 4,878 7,736 12,039 Other assets 210,280 11,431 52,643 11,797 18,963 13,702 10,982 35,958 8,419 4,427 9,771 8,571 23,616 TOTAL ASSETS 51,949,542 2847,191 12,865,068 2950,753 4536,039 3349,170 2716,117 8993,492 2139,638 1199,180 2252,535 2066,727 6033,632 1/ After deducting $11,000 participations of other Federal Reserve Banks. Di2gi/tiz eLd efosr FsR AtShEaRn $500. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE Total Boston New York Phila- Cleve- Richmond Atlanta CChhiiccaaggoo St. Minne- Kansas DDaallllaass San delphia land Louis apolis City Franciscc L I A B I L I T I ES (In thousands of dollarsJ Federal Reserve notes 56,938,90; 1570,274 6,291,420 1664,043 2490,622 2105,158 1355,093 5183,884 1195,983 568,684 1072,862 763,380 2677,500 Deposits: Member bank reserves 18,266,690 801,054 5,037,027 876,393 1473,081 795,081 929,112 2796,912 684,312 432,836 856,901 975,894 2608,087 F U o ^ r S e L i T g r n ea s.-gen.acct. 2 5^ 8 2 0 , ,1 2 1 3 8 3 4 1 2 5 , , 6 3 2 9 3 0 1/8 8 6 7, ,2 2 5 7 8 2 1 39 8 , ,6 7 3 5 0 2 2 3 4 9 , , 0 1 3 5 0 2 4 1 3 3 , , 0 7 2 7 1 0 2 1 3 2 . . 1 1 4 5 9 0 6 3 1 8 , , 8 6 1 1 9 0 1 9 6 , , 9 3 9 2 0 2 2 6 6, ,4 1 8 7 0 4 1 4 0 9 ,5 ,1 3 7 0 4 1 3 4 6, , 0 0 3 4 5 0 7 3 7 0 , , 7 2 4 4 0 0 Other 326,183 425 272* 954 1,473 693 SjL. 938 , 588 1,875 117 1,166 l,lf3 41.8&6 Total deposits 19,415,224 859,492 5,483,511 936,248 1536,956 854,847 965,349 2897,929 712,499 465,607 917,771 1027,132 2757,883 Deferred availability cash items 4,212,467 339,257 712,352 258,451 383,349 317,555 329,746 707,739 177,295 130,331 206,507 205,453 444,432 Other liabilities and accrued dividends 22,455 968 5,413 1,023 2,609 1,188 1,203 3,249 855 838 991 1,086 3,032 TOTAL LIABILITIES 50,589,049 2769,991 12,492,696 2859,765 4413,536 3278,748 2651,391 8792,801 2086,632 116$,460 2198,131 1997,051 "5882,Bkf CAPITAL ACCOUNTS Capital paid in 357,342 17,944 103,605 21,781 33,534 16,183 18,060 49,134 12,097 8,250 14,669 20,137 41,948 Surplus 809,195 47,148 223,530 56,214 71,541 41,165 36,198 121,515 31,560 19,761 30,524 40,926 89,113 Other capital accounts 193,956 12,108 45,237 12,993 17,428 13,074 10.468 30,042 9,349 5.709 9,211 8,613 19.724 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,949,542 2847,191 12,865,068 2950,753 4536,039 3349,170 2716,117 8993,492 2139,638 1199,180 2252,535 2066,727 6033,632 Conting. liab. on acceptances purchased for foreign correspondents 70,411 4,013 2/19,864 4,857 6,265 3,590 3,168 10,067 2,605 1,690 2,746 3,661 7,885 iUUUO Wl XdX JUVOrli. WJUUUilJ. Oe FEDERAL RESERVE AGENTS' ACCOUNTS FF,, RR.. nnootteess oouuttssttaannddiinngg 27,969,505 1637,393 6,560,331 1730,686 2556,083 2170,382 1413,418 5309,779 1253,901 581,281 1106,445 812,365 2837,441 CCoollllaatt.. ffoorr FF.. RR.. nnootteess:: GGoolldd cceerrttiiffiiccaattee aacccctt.. 11,393,000 600,000 3,120,000 640,000 1000,000 775,000 425,000 2300,000 430,000 200,000 300,000 303,000 1300,000 EElliiggiibbllee ppeeeeppeerr 62,509 — —— 4,685 -— -- —- -- 18,650 -— 39,174 •*- —* UU.. SS.. GGoovvtt,, sseeccuurriittiieess 17,670,000 1150,000 3,600,000 1200,000 1600,000 1450,000 1100,000 3200,000 900,000 425,000 820,000 525,000 1700,000 TToottaall ccoollllaatteerraall 29,125,509 1750,000 6,720,000 1844,685 2600,000 2225,000 1525,000 5500,000 1348,650 625,000 1159,174 828,000 3000,000 11// AAfftteerr ddeedduuccttiinngg $$119933..88((i O.OOO cartdc itations of other Federal Reserve Banks. 2/ After deducting $50,547,000 participations of other Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis