H.4 .1 BOAED OF GOVERNORS For Immediate Release

OF THE FEDERAL RESERVE SYSTEM April 10, 1958

WEEKLY AVERAGES OF MEMBER B A H RESERVES, RESERVE B A H 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 Re-serve Banks by $ 5 6 1 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, Reserve Bank credit, and related items

Reserve Bank credit: U, S, Government securities--

For week ending April 9. 1958

Averages of daily figures Change from week ending

April 2, 19581 April 10, 1957 (in millions of dollars)

Bought outright--System account 23,628 + 3 + 588 Held under repurchase agreement - 222

Acceptances--Bought outright 39 - 1 + 14 Held under repurchase agreement m - 1

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.) 1 7 , 6 6 6 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 , 2 6 7 million, a decrease of $34 million for the week and a decrease of $432 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

H4l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars)

A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves

F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances: Bought outright Held under repurchase agreement

U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright

Held under repurchase agreement Total U. S Government securities Total loans and securities

Due from foreign "banks Uncollected cash items Bank premises Other assets

TOTAL ASSETS L I A B I L I T I E S

Federal Reserve notes Deposits:

Member bank reserves U. S. Treasurer--general account Foreign Other

Total deposits Deferred availability cash items Other liabilities and accrued dividends

TOTAL LIABILITIES C A P I T A L A C C O U N T S

Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts

TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F. R. note liabilities combined

Contingent liability on acceptances purchased for foreign correspondents

Industrial loan commitments

April 9, 1956

20,848,392 853,062

21,701,45^ 440,189 431,766 139,033

497 39,423

892,560 19,946,105 2.789,257 23,627,922 23,627,922 23,806,875

15 4,379,915

85,967 202,496

51,048,677

26,527,677 18,297,862

481,976 252,563 406,957

19,439,358 3,687,850

17,997 49,672,882

350,039 809,198 27,543 189,015

51,048,677

47.2# 139,439 1,005

Change April 2, 1958

- 100,001 2,580

- 102,581 2,779

- 32,727 + 26,597 + 19

since

+ 26,610 - 73,435 + 352 + 14,634 - 169,926

- 12,603 - 67,667 - 120,741 - 26,763 + 24,406 - 190,765 + 20,115 + 1,099 - 182,154

138

12,090 169,926

2,624 20

April 10, 1957

73,999 t W 74,166 29,083 -1,088,108

289 + 15,017

3,043

+ +_ + + +

+ 587,855 +8,583,906 -8,571,413 - 12,493 + 587,855 - 182,200 + 405,655

670,768 7

47,138 9,790 99f525

+ + + - 331,905

+ 80,711 - 624,185 + 105,625 - 81,498 + 98,691 - 501,367 + 77,942 - 1,130 - 343,844

+ 18,978 + 61,605

- 68,644 - 331,905

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.)

Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years

Total

Discounts and advances 136,997

1,989 47

Industrial loans 137 170 87 103

139,033 597

Acceptances 13,158 26,265

397423

U. S. Government securities

146,050 746,510 20,285,201

1,035,304 56,610

1.358,247 23,627,922 Digitized for FRASER 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 Total Boston New York Phila-delphia

Cleve-land Richmond (In thousands

943,104 5,957,190 1117,064 1771,137 1228,521 54,723 176,410 58,687 77,405 75,993

Atlanta Chicago St, Louis of dollars}

857,644 3668,799 47,809 154,690

Minne-apolis

Kansas City Dallas

San Francisee

A S S E T S Gold certificate account Redemption fund for F R. notes

Total gold certificate reserves

F.R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances--Bought outright

U. S. Govt, securities: Bought outright--Bills Certificates Notes Bonds Total

Held under repurchase agreement

Total U. S. Govt, sees. Total loans & securities Dye from foreign banks Uncollected cash items Bank premises Other assets

TOTAL ASSETS

20,848,392 853,062

21,701,454 440,189 431,766 139,033

497 39,423

892,560 19,946,105 2,789,257 23,627,922

23,627,922 23,806,875

15 4,379,915

85,967 202,496

51,048,677

843,912 438,500 854,294 731,528 2436,699 42,694 21,911 41,033 28,052 73,655

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 20,640 30,844 8,015 327

118,941 88,312 33,860

39,423

27,358 26,585 7,875 150

44,114 36,424 69,408 31,352 41,116 25,669 31,331 72,461 30,916 7,880 6,276 34,197

7,928 17,687 23,109 10,895

250 700 20

6,146 13,245 7,989

27,937 32,254 17,229 50,970

900 175

48,599 225,076 51,307 79,014 58,099 1086,025 5,029,769 1146,582 1765,729 1298,332

45,416 155,912 1014,918 3484,186

151,869 703,361 160,338 246,919 181,558 141,926 487,227 1286,493 5,958,206 1358,227 2091,662 1537,989 1202,260 4127,325

36,411 18,777 38,097 34,962 100,890 813,681 419,606 851,360 781,309 2254,608 113,785 58,678 119,054 109,258 315,284 963,877 497,061 1006,511 925,529 2670,782

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 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

1 1/4 1 1 1 323,995 775,846 315,429 369,356 350,728

4,906 10,648 4,446 9,772 6,902 10,758 50,046 11,355 17,957 12,929

1 2 368,960 731,868 7,402 7,142 10,353 36,635

1 2 / 1 1 1 182,898 117,Bl4 220,794 195,000 427,227

6,408 5,357 4,918 6,708 11,358 8,057 4,244 8,952 8,698 22,512

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 Total Boston New York Phila-delphia

Cleve-land Richmond Atlanta Chicago

St. Louis

Minne-apolis

Kansas City Dallas

San Francisco

(In thousands of dollars)

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 L I A B I L I T I E S

Federal Reserve notes Deposits: Member bank reserves U.S.Treas.-gen.acct. Foreign Other Total deposits

Deferred availability cash items

Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS

Capital paid in Surplus (Section 7) Stlrplus (Section 13b) Other capital accounts

TOTAL LIABILITIES AND CAPITAL ACCOUNTS

Conting. liab. on accept-ances purchased for foreign correspondents

Industrial loan commit.

26,527,677 18,297,862

481,976 252,563 406,957

19,439,358

3,687,850

17,997 49,672,882

350,039 809,198 27,543 189,015

51,048,677

139,439 1,005

681,789 5,435,413 847,620 1439,562 798,820 37,196 66,648 39,916 36,390 36,902 13,623 1/80,961 16,491 21,271 12,189

323 ""346,800 13,085 1MB 3.719

926,382 2834,724 665,984 420,369 825,065 29,199 55,023 18,539 20,717 41,351 10,755 34,177 8,643 5,736 9,321 2,044 1.169 2,722 205 1192

927,872 2494,242 39,346 60,749 12,428 26,768 1,284 32,996 jcj JO 9 wj ^ f xy c-, \ j x. u- #

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

301,649 599,728 251,930 333,479 282,571 328,409 592,978 149,006 102,322 182,004 1.047 4.593 895 2,462 912 774 2.958 584 660 632

176,774 387,000 783 , 1,697

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

17,827 102,960 21,423 33,002 15,949 17,134 47,850 11,802 7,563 14,156 47,013 223,963 55,923 71,550 41,236 36,192 121,504 31,586 19,697 30,533 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 12.042 43.615 12.752 16.889 12.698 10,388 28.897 9.249 5,781 9,019

19,723 40,650 40,871 89,130 1,307 2,140 8,422 19.263

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

7,951 2/39,278 9,625 12,415 7,115 6,278 19,948 5,162 l4 51

3,348 5,441 940

7,254 15,624 FEDERAL RESERVE AGENTS' ACCOUNTS

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 F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. Eligible paper U. S. Govt, securities Total collateral

l/ After deducting $171, 5/ After deducting $100,

27,558,067 12,058,000

16,ll4 17,145,000 29,219,114

700,000 3,270,000 640,000 1130,000 825,000 425,000 2400,000 430,000 ~mm 7,875 ' 2^ 0 1150,000 3,600,000 1200,000 1600,000 1350,000 1000,000 3100,000 875,000 1850,000 6,870,010 1847,875 2730,000 2175,000 1425,000 5500,000 1305,250

155,000 300,000 7,989

425,000 820,000 580,000 1127,989

283,000 1500,000 525.000 1500,000 808,000 3000,000

602,000 participations 161,000 participations

of other Federal Reserve Banks, of other Federal Reserve Banks.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis