h41_19591217.pdf

H.4.1 BOARD OF GOVERNORS For Immediate Release

OF THE FEDERAL RESERVE SYSTEM December 17, 1959

WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of da i ly f igures of t o t a l member bank reserves held during

the week ended December l6 increased $48 mill ion t o $l8,809 mill ion, which included an increase of $38 mil l ion in member bank reserve balances at the Federal Reserve Banks. Estimated required reserves increased $118 mil l ion; and estimated excess reserves decreased $70 mil l ion to $470 mi l l ion . Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $486 mill ion, compared with $371 mill ion the week be fo re .

The pr inc ipa l changes supplying average reserve balances with Federal Reserve Banks were increases of $166 mil l ion in Federal Reserve f l o a t and $45 mil-l ion in member bank borrowings, and a decrease of $63 mil l ion in "other" F. R. accounts (ne t ) . The pr inc ipa l o f f s e t t i n g changes were increases of $197 mill ion in currency in c i rcu la t ion and $4l mill ion in Treasury deposits with Federal Reserve Banks, and a decrease of $27 mill ion in gold stock. Total Reserve Bank credi t increased $212 mi l l ion .

As of Wednesday, December 16, holdings of U. S. Government secur i t i e s bought outright were $12 mil l ion lower than a week e a r l i e r , U. S. Government secur i t ies held under repurchase agreement were $26 mill ion lower, and member bank borrowings were $48 mil l ion lower.

NOTE: Next week's statement wi l l be issued on Wednesday, December 23, as of Tuesday, December 22.

Member bank reserves, Reserve Bank c red i t , and re la ted items

Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s -

Bought outrightSystem account Held under repurchase agreement

Acceptances-Bought outright Held under repurchase agreement

Loans, discounts, and advances-Member bank borrowings Other

Float Total Reserve Bank credi t

Gold stock Treasury currency outstanding

Currency in c i rcu la t ion Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net)

Member bank reserves: With Federal Reserve Banks Cash allowed as reserves (estimated)

Total reserves held Required reserves (estimated) Excess reserves (estimated)

Averages of dai ly f igures Week ended Change from week ended Wednesday Dec. 16, Dec. 9, Dec. 17, Dec. 16,

1959 1959 1958 1959 U In mil l ions of do l l a r s )

27,142 + 12 + 919 27, l 4 l 34 - 30 - 58 23 4l + 4 + 4 42 17 + 14 + 16 31

956 + 45 + 440 527 5 - - + 2 5

1,169 +166 - 270 1,471 29,365 +212 +1;054 29, 241 19,478 - 27 -1,098 19, 477

5,311 + 1 + 82 5,311 54,154 +187 + 37 54,029

32,798 +197 + 404 32,812 396 - 9 - 297 394 528 + 4l + 100 560 341 - 21 + 78 370 342 + 4 + 7 321

1,181 - 63 + 20 1,194 35,567 +149 + 314 35,650

18,567 + 38 277 18,379 242 + 10 + 242 302

18,809 + 48 - 35 18,681 18,339 +118 - 35 18,576

470 - 70 105 On December 16, 1959, U. S. Government secur i t i e s held in custody by

the Federal Reserve Banks for foreign account were $4,423 mill ion, an increase of $21 mill ion for the week and an increase of $552 mill ion from the comparable date a 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

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

Total gold cert i f icate 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--

Bi l l s Certificates Notes Bonds

Total bought outright Held under repurchase agreement

Total U. S. Government securities

Total loans and securities Due from foreign banks Cash items in process of collection 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. Treasurergeneral account Foreign Other

Total deposits Deferred availabil i ty cash items Other l i a b i l i t i e s and accrued dividends

TOTAL LIABILITIES

C A P I T A L A C C O U N T S Capital paid"in" Surplus Other capital accounts

TOTAL LIABILITIES AND CAPITAL ACCOUNTS

Ratio of gold cert i f icate reserves to deposit and F. R. note l i a b i l i t i e s combined

Contingent l i a b i l i t y on acceptances purchased for foreign correspondents

Industrial loan commitments

Dec. 16, Dec. 9, Dec. 17, 1959 1959 1958

18,219,642 . 27,002 856,251 968,547 - 2,010 + 51,941

19,168,189 - 29,012 - 804,310 371,282 + 33,563 + 30,132 327,803 - 1,817 + 25,276 532,205 - 48,224 ~ 36,051

- - - 336

41,505 + 5,001 + 4,308 31,196 + 26,775 + 31,196

3,140,105 12,000 + 946,855 10,506,993 -8. ,142,733 11,010,298 +8,142,733

2,483,771 * * . 27,141,167 - 12,000 + 946,855

23,000 - 26,000 54,900 27,164,167 ~ 38,000 + 891,955

27,769,073 54,448 + 891,072 15 - - '

6,895,676 +1,882,933 - 35,947 100,354 + 1,200 + 6,509 222,070 - 1,649 + 96,734

54,874,462 +1,830,770 + 209,466

28,304,190 + 101,686 + 373,086

18,379,112 + 4o8, Oil 737,625 559,721 + 132,283 + 56,273 369,726 + 29,710 + 117,802 320,728 - 26,514 - 15,681

19,629,287 + 543,490 - 579,231 5,424,210 +1, 235,928 + 289,227

45,148 - 2,122 + 11,296 53,402,835 +1,878,982 + 94,378

386,431 + 1,365 + 26,010 868,4l0 + 59,215 216,786 - 49,577 + 29,863

54,874,462 +1,630,770 + 209,466

40.0# - .6$ - 1.5# 76,052 - 4,201 + 3,770

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER l6, 1959 (Acceptances and securities held under repurchase agreement are c lass i f ied as

maturing within 15 days in accordance with maximum maturity of the agreements.)

Discounts and U. S. Government advances Acceptances securities

Within 15 days 520,413 ' 37,866 426,100 16 days to 90 days 11,753 34,835 7,699,033 91 days to 1 year 39 - - 11,044,965 Over 1 year to 5 years -- - - 6,523,912 Over 5 years to 10 years 677,384 Over 10 years __ __ 792,773

Total 5327205 72,701 27,164,167 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(b) STATEMENT 0PC0NDIT] [ON OF EACH FEDERAL RESERVE BANK ON DECEMBER 16, 1959

Total Boston New York Phila-delphia

Cleve-land Richmond Atlanta Chicago

St , Louis

Minne-apolis

Kansas City Dallas

San Francisco

A S S E T S Gold c e r t i f i c a t e account Redemption fund for

F. R- notes Total gold c e r t i f i c a t e

reserves

F.R. notes of other Banks Other cash

Discounts and advances Acceptances:

Bought outright Held under rep. agree.

U. S. Govt, s ecur i t i e s : Bought outright

B i l l s Cert i f icates Notes Bonds

Total Held under rep. agree.

Total U. S. Govt, s ee s .

Total loans & secur i t i e s

Due from foreign "banks Cash items in process

of co l lec t ion Bank premises Other assets

TOTAL ASSETS

27,164,16?

27,769,073

15

6,895,676 100,354 222,070

54,874,462

18,219,642 904,558 4,646,105 1060,428 1564,621 1072,958 894,544 3123,4o8 740,090 351,333 715,117 680,164 2466,316

968,547 59,887 -214,407 61,333 87,069 80,295 59,953 177,768 45,364 23,508 43,271 31,106 84,586

19,188,189 964,445 4,-860,512 1121,761 1651,690 1153,253 954,497 3301,176 785,454 374,841 758,388 711,270 2550,902

371,282 327,803

26,600 17,511

79,777 52,580

23,744 18,977

15,099 26,684

40,813 19,577

49,627 30,728 24,929 59,625

9,153 22,189

15,489 11,306

18,321 13,665

22,852 39,079 15,192 45,568

532,205 16,138 47,225 26,805 25,910 12,259 72,085 203,057 19,935 8,072 70,694 24,565 5,460

41,505 31,196 - -

4l ,505 31,196

- -

- - - -

- -

- -

3,140,105 10,506,993 11,010,298

2,483,771

170,241 569,637 596,923 134,658

790,214 ,644,106 2,770,763

625,046

179,068 599,172 627,873 141,639

271,864 909,674 953+250 215,040

201,242 673,373 705,628 159,180

165,496 543,402 553,760 1818,256 580,287 1905,354 130,905 429,821

127,708 427,319 447,789 101,015

71,521 239,318 250,782

56,573

135,354 452,904 474,599 107,063

125,335 358,660 419,376 1200,098 439,465 1257,585 99,137 283,694

27,141,167 23,000

1471,459 6,830,129 1547,752 2349,828 1739,423 1430,448 4696,833 1103,831 23^ 000 *

618,194 1169,920 1083,313 3100,037

1471,459 6,853,129 1547,752 2349,828 1739,423 1430,448 4696,833 1103.831 618,194 1169,920 1083,313 3100,037

1487,597 6,973,055 1574,557 2375,738 1751,682

1 1 / 4 l 1 1

465,973 1,333,179 401,032 613,585 532,356 4,362 9,900 4,058 9,563 6,703

11,995 55,260 12.292 19,315 14,093

1502,533 4899,890 1123,766

1 2 1

574,696 1122,688 316,640 9,653 15,594 7,074

12,739 37,446 8,875

626,266 1240,6l4 1107,878 3105,497

2 / 1 1 1

195,308 329,698 309,795 700,726 5,060 4,636 11,361 12,390 5.029 10,374 9,166 25,486

2978,484 13,364,267 3156,422 4711,675 3518,478 3128,675 9467,149 2273,152 1233,299 2375,697 2187,515 6479,649

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.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER l6 , 1959

Total Boston New York Phila-delphia Cleve-

land Richmond Chicago S t .

Louis Minne-apolis

Kansas City Dallas

San Francisco Atlanta

(In thousands of dollars)

1624,101 6,623,893 1806,365 2581,712 2146,364 1606,375 5325,993 1252,731 609,009 1123,294 821,355 2782,998 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 a v a i l a b i l i t y cash items

Other l i a b i l i t i e s and accrued dividends

TOTAL LIABILITIES

CAPITAL ACCOUNTS

Capital paid in Surplus Other c a p i t a l accounts

TOTAL LIABILITIES AND CAPITAL ACCOUNTS

Conting. l i a b . on accept-ances purchased f o r fore ign correspondents

28,304,190

18,379,112 559,721 369,726 320,728

19,629,207

5,424,210

45,148 53,402,835

386,431 868,410 216,786

54,874,462

76,052

791,180 4,897,759 49,427 81,990 19,745 1/111,246

514 261,569 860,866 5,352,564

882,318 1418,153 797,661 930,334 2932,888 679,705 35,368 47,094 50,271 26,347 59,647 31,896 23,694 32,310 17,950 16,873 53,132 13,283 2,388 941 2,483 1,312 1,566 457

943,768 1498,498 868,365 974,866 3047,233 725,341

393,080 890,563 959,739 2805,732 32,497 44,354 46,191 54,639 8,616 14,001 18,668 40,208

321 1,754 1,657 45,766 434,514 950,672 1026,255 2946,345

4o8,661 975,700 307,231 495,493 424,904 473,669 867,103 236,691 152,485 240,721 261,839 579,713

2,255 12,265 2,462 3,975 2,393 2,240 7,593 l , 6 l l 1,333 1,810 2,102 5,109 2895^883 12,964,422 3059,826 4579,678 3442,026 3057,150 9247,922 2216,374 1197,341 2316,497 2111,551 6314,165

19,154 50,116 13,331

110,359 238,902 50,584

22,815 59,607 14,174

36,243 76,643 19,111

17,239 44,846 14,367

20,004 39,474 12,047

53,422 132,159

h f " 33,646

12,880 8,777 15,817 22,225 47,496 33,746 20,785 32,935 43,436 95,761 10,152 6,396 10,448 10,303 22,227

2978,484 13,364,267 3156,422 4711,675 3518,478 3128,6759467^49 2273,152 1233,299 2375,697 2187,515 6479,649

4,180 2/21,332 5,016 6,840 3,800 3,572 11,248 2,812 1,824 2,964 3,952 8,512 FEDERAL RESERVE AGENTS' ACCOUNTS

F. R. notes outstanding Col la t . f o r F . R. notes:

Gold c e r t i f i c a t e acc t . E l ig ib le paper U. S. Govt, secur i t i es

Total c o l l a t e r a l

29,391,751

10,750,000 116,624

19,410,000

1692,115 6,973,423 1853,902 2644,849 2216,637 1668,450 5^2,885 1294,581 621,087 1158,951 873,408 2941,463

530,000 2,900,000 700,000 920,000 700,000 500,000 2000,000 430,000 180,000 300,000 290,000 1300,000 26,475 19,750 70,399

1250,000 4,200,000 1200,000 1750,000 1550,000 1200,000 3600,000 935,000 450,000 850,000 625,000 1800,000

F. R. notes outstanding Col la t . f o r F . R. notes:

Gold c e r t i f i c a t e acc t . E l ig ib le paper U. S. Govt, secur i t i es

Total c o l l a t e r a l 30,276,624 1780,000 7,100,000 1926,475 2670,000 2250,000 1700,000 5600,000 1384,750 630,000 1220,399 915,000 3100,000 l / Af te r deducting $258,480,000 pa r t j Lcipations of other Federal Reserve Banks. ~ Y < - y v z , -2/ Af te r deducting $54,720,000 par t i c ipa t ions of other Federal Reserve Banks

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

F. R. 3^0 (Rev. 12-59) CHANGES IN WEEKLY AVERAGES OF: MEMBER BANK RESERVES, Worksheet RESERVE BANK CREDIT AND RELATED ITEMS for H>4.1 (In mi: Llions of dol lars)

Member hank reserves, Reserve Bank credit , and Related items

Averages for week ended

Change (Week ago)

1(0. 1 ^

since: (Year ago)

5kz, 4 ^ 3 H-H-Held under repurchase agreement 3 o 3-1 .

Loans, discounts, and advances--Member bank borrowings A 8 0 * 3 . 4 - 4 - u r

Other r mm - 1 r Float 1 2 1 3 f W J - 1 zlLP Other i /

Total Reserve Bank credi t A i m * f w 5W /H-~)

Gold stock 1

Worksheet STATEMENT OF CONDITION Form F. R. 408= OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (Rev. Nov. 1958) (In thousands of dollars)

COND

, ASSETS

Gold certificates Redemption fund for F0 R, notes

Total aold certificate reserves

TACC BELT JAGG TANN TEMP TIME

-TURK

I S M L , ASSETS

Gold certificates Redemption fund for F0 R, notes

Total aold certificate reserves

TACC BELT JAGG TANN TEMP TIME

-TURK

t i l :o8~5

, ASSETS

Gold certificates Redemption fund for F0 R, notes

Total aold certificate reserves

TACC BELT JAGG TANN TEMP TIME

-TURK

M I T S n a f f F. R. notes of other Banks ... Other cash ...

TACC BELT JAGG TANN TEMP TIME

-TURK

JOOZL F. R. notes of other Banks ... Other cash ...

TACC BELT JAGG TANN TEMP TIME

-TURK

3 O L> - I U - I Discounts and advances

TACC BELT JAGG TANN TEMP TIME

-TURK

U\ (ooi Discounts and advances

TACC BELT JAGG TANN TEMP TIME

-TURK Acceptances purchased Acceptances held under

repurchase agreement U. S. Government securities;

Bought outright

Certificates - Special

BURK

BREP

BANE - B E S T -

Acceptances purchased Acceptances held under

repurchase agreement U. S. Government securities;

Bought outright

Certificates - Special

BURK

BREP

BANE - B E S T -

3~1 | - | I

Acceptances purchased Acceptances held under

repurchase agreement U. S. Government securities;

Bought outright

Certificates - Special

BURK

BREP

BANE - B E S T -

A &-\o2osr

Acceptances purchased Acceptances held under

repurchase agreement U. S. Government securities;

Bought outright

Certificates - Special

BURK

BREP

BANE - B E S T -

- Other . BUTE BECK BLUM TUSS BAST TALL TENT

1 o

Total bought outright Held under repurchase agreement.. Total U. S. Govt, securities

BUTE BECK BLUM TUSS BAST TALL TENT

n a ( a^2

Total bought outright Held under repurchase agreement.. Total U. S. Govt, securities

BUTE BECK BLUM TUSS BAST TALL TENT

A f ^ n i Total bought outright

Held under repurchase agreement.. Total U. S. Govt, securities

BUTE BECK BLUM TUSS BAST TALL TENT

A la Jt'71 8L>~\ -Total bought outright Held under repurchase agreement.. Total U. S. Govt, securities

BUTE BECK BLUM TUSS BAST TALL TENT

Total bought outright Held under repurchase agreement.. Total U. S. Govt, securities

BUTE BECK BLUM TUSS BAST TALL TENT

SLio 1 1 S k i

BUTE BECK BLUM TUSS BAST TALL TENT

Total loans and securities Due from foreign banks Uncollected cash items Bank premises

TOTAL ASSETS

TILL TAFF TODD TOUR TARE

TOTE

TRIM

CLAY CAKE CINO CORA TUBB TAPP

TULE

TRAM

TOME TORK

TRAP

TWIN

TEST

MILD MENT

1 S~0 Total loans and securities Due from foreign banks Uncollected cash items Bank premises

TOTAL ASSETS

TILL TAFF TODD TOUR TARE

TOTE

TRIM

CLAY CAKE CINO CORA TUBB TAPP

TULE

TRAM

TOME TORK

TRAP

TWIN

TEST

MILD MENT

IS* Total loans and securities

Due from foreign banks Uncollected cash items Bank premises

TOTAL ASSETS

TILL TAFF TODD TOUR TARE

TOTE

TRIM

CLAY CAKE CINO CORA TUBB TAPP

TULE

TRAM

TOME TORK

TRAP

TWIN

TEST

MILD MENT

b S 2 1 H>( t> Total loans and securities

Due from foreign banks Uncollected cash items Bank premises

TOTAL ASSETS

TILL TAFF TODD TOUR TARE

TOTE

TRIM

CLAY CAKE CINO CORA TUBB TAPP

TULE

TRAM

TOME TORK

TRAP

TWIN

TEST

MILD MENT

loo (8 S~

Total loans and securities Due from foreign banks Uncollected cash items Bank premises

TOTAL ASSETS

TILL TAFF TODD TOUR TARE

TOTE

TRIM

CLAY CAKE CINO CORA TUBB TAPP

TULE

TRAM

TOME TORK

TRAP

TWIN

TEST

MILD MENT

So-z.

Total loans and securities Due from foreign banks Uncollected cash items Bank premises

TOTAL ASSETS

TILL TAFF TODD TOUR TARE

TOTE

TRIM

CLAY CAKE CINO CORA TUBB TAPP

TULE

TRAM

TOME TORK

TRAP

TWIN

TEST

MILD MENT

LIABILITIES

Federal Reserve notes Deposits:

Member bank-reserve accounts .... U.S. Treasurer-general account....

Other...

TILL TAFF TODD TOUR TARE

TOTE

TRIM

CLAY CAKE CINO CORA TUBB TAPP

TULE

TRAM

TOME TORK

TRAP

TWIN

TEST

MILD MENT

4 - T 3 m - r LIABILITIES

Federal Reserve notes Deposits:

Member bank-reserve accounts .... U.S. Treasurer-general account....

Other...

TILL TAFF TODD TOUR TARE

TOTE

TRIM

CLAY CAKE CINO CORA TUBB TAPP

TULE

TRAM

TOME TORK

TRAP

TWIN

TEST

MILD MENT

1 8 ot?s;m

LIABILITIES

Federal Reserve notes Deposits:

Member bank-reserve accounts .... U.S. Treasurer-general account....

Other...

TILL TAFF TODD TOUR TARE

TOTE

TRIM

CLAY CAKE CINO CORA TUBB TAPP

TULE

TRAM

TOME TORK

TRAP

TWIN

TEST

MILD MENT

. C o