h41_19591127.pdf
Transcript of h41_19591127.pdf
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H.U.I BOARD OF GOVERNORS For Immediate Release
OF THE FEDERAL RESERVE SYSTEM November 27, 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 d a i l y f i g u r e s of member bank r e s e r v e s f o r t h e week ended November 25 decreased $84 m i l l i o n t o $18,563 m i l l i o n . Est imated r equ i r ed r e se rves decreased $53 m i l l i o n ; and es t imated excess r e se rves decreased $31 m i l l i o n t o $399 m i l l i o n . Member bank borrowings a t t he Federa l Reserve Banks exceeded excess r e se rves by $423 m i l l i o n , compared with $426 m i l l i o n the week b e f o r e .
The p r i n c i p a l changes reducing average r e s e r v e s were decreases of $79 m i l l i o n in U. S. Government s e c u r i t i e s he ld under repurchase agreement and $34 m i l l i o n in member bank borrowings, and inc reases of $93 m i l l i o n in "o ther" F . R. accounts ( n e t ) , $37 m i l l i o n in Treasury depos i t s with Federa l Reserve Banks, and $34 m i l l i o n in money in c i r c u l a t i o n . The p r i n c i p a l o f f s e t t i n g changes were inc reases of $l46 m i l l i o n i n Federa l Reserve f l o a t and $59 m i l l i o n in U. S. Gov-ernment s e c u r i t i e s bought o u t r i g h t . To ta l Reserve Bank c r e d i t inc reased $99 m i l l i o n .
As of Wednesday, November 25, ho ld ings of U. S. Government s e c u r i t i e s bought o u t r i g h t were $120 m i l l i o n h igher than a week e a r l i e r , U. S. Government s e c u r i t i e s he ld under repurchase agreement were $29 m i l l i o n h igher , and member bank borrowings were $40 m i l l i o n lower .
Member bank r e se rves , Reserve Bank c r e d i t , and r e l a t e d i tems
Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s
Bought outr ightSystem account Held under repurchase agreement
Acceptances--Bought o u t r i g h t Held under repurchase agreement
Loans, d i scounts , and advances Member bank borrowings Other
Float To ta l Reserve Bank c r e d i t
Gold stock Treasury currency ou t s tand ing
Money in c i r c u l a t i o n Treasury cash ho ld ings Treasury d e p o s i t s with F. R. Banks Foreign depos i t s with F. R. Banks Other depos i t s with F. R. Banks Other F. R. accounts ( n e t )
Member bank r e s e r v e s - -Required r e s e r v e s ( e s t ima ted ) Excess r e s e r v e s ( e s t ima ted )
Averages of d a i l y f i g u r e s Week ended Change from week ended Wednesday,
Nov. 25, Nov. 18, Nov. 26, Nov. 25, 1959 1959 1958 1959
( In m i l l i o n s of d o l l a r s )
26,652 + 59 +1,074 26,694 30 - 79 - 126 28
32 + 6 - 4 31 3 + 3 3 4
822 - 34 + 394 636 7 - 1 + 5 5
l , 311 +146 + 112 1, 022 28,857 + 99 +1; 456 28,420 19,582 - 1 -1 ,034 19,582
5,304 + 1 + 79 5,305 53,743 + 99 + 503 53,306
32,269 + 34 + 444 32,421 415 + 1 - 271 409 515 + 37 + 60 435 315 + 11 + 72 336 369 + 7 + 32 327
1,297 + 93 + 234 1,238 35,179 +183 + 570 35,167
18,563 - 84 68 18,140 18,164 - 53 - 61 18,121
399 - 31 - 7 19
On November 25, 1959, U. S. Government s e c u r i t i e s he ld i n custody by the Federal Reserve Banks f o r f o r e i g n account were $4, 436 m i l l i o n , an inc rease of $18 m i l l i o n f o r t he week and an inc rease of $607 m i l l i o n from the comparable date a year ago.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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H . 4 . 1 ( a ) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE RANKS COMBINED
( I n thousands of d o l l a r s ) Change s ince
A S S E T S Gold c e r t i f i c a t e account Redemption fund f o r F . R. n o t e s
T o t a l gold c e r t i f i c a t e r e s e r v e s F. R. n o t e s of o the r Banks Other cash Discounts and advances I n d u s t r i a l l o a n s Acceptances:
Bought o u t r i g h t Held under repurchase agreement
U. S. Government s e c u r i t i e s : Bought o u t r i g h t
B i l l s C e r t i f i c a t e s Notes Bonds
T o t a l bought o u t r i g h t Held under r epurchase agreement
T o t a l U. S. Government s e c u r i t i e s
To ta l l o a n s and s e c u r i t i e s Due from f o r e i g n banks Cash i tems i n p r o c e s s of c o l l e c t i o n Bank premises Other a s s e t s
TOTAL ASSETS
L I A B I L I T I E S Federa l Reserve n o t e s Depos i t s :
Member bank r e s e r v e s U. S . T r e a s u r e r g e n e r a l account Foreign Other
T o t a l d e p o s i t s Defer red a v a i l a b i l i t y cash i tems Other l i a b i l i t i e s and accrued d iv idends
TOTAL LIABILITIES
C A P I T A L A C C O U N T S Cap i t a l p a i d i n Surplus Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
Rat io of gold c e r t i f i c a t e r e s e r v e s t o depos i t and F . R. no te l i a b i l i t i e s combined
Contingent l i a b i l i t y on accep tances purchased f o r f o r e i g n cor responden t s
I n d u s t r i a l l oan commitments
Nov. 25, Nov. 18, Nov. 26, 1959 1959 vo
VJ
l CD
18,324,641 19,001 . 784,253 967,704 + 14,969 + 57,225
19,292,345 - 4,032 - 727,028 324,749 - 47,853 + 36,670 358,026 - 6,602 + 27,053 640,558 - 42,4o8 - 407,976
- - - 337
30,512 + 4,969 - 3,817 4 ,311 + 4 ,311 + 4,311
2,692,530 + 119,500 4 1,031,380 10,506,993 - - -11,000,298 11,010,298 +11,000,298
2,483,771 - - - -26,693,592 + 119,500 + 1,031,300
28,750 + 28,750 ~ 104,050 26,722,342 + 148, 250 + 927,330
27,397,723 + H 5 , 1 2 2 + 519,511 15
5,578,863 -1,234,738 + 294,924 99,345 - 237 + 6,000
186,059 + 19,079 - 72,275 53,237,125 -1 ,159 ,261 + 84,855
27,919,099 + 157,274 + 414,931
18,139,632 292,458 789,679 435,422 - 138,988 - 4o, 640 336,220 + 14,686 + 121,004 326,695 - 28,517 - 9,561
19,237,969 - 445,277 - 718,876 4 ,556,518 - 824,403 + 252,426
42,132 + 2,027 + 17,054 51,755,718 -1,110,379 - 34,465
384,718 + 133 + 26,595 868,410 a* + 59,215 228,279 - 49,015 + 33,510
53,237,125 1,159,261 + 84,855
40.9# + .2
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E . 4 . 1 ( b ) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OM NOVEMBER 25, 1959
T o t a l B o s t o n New York P h i l a -d e l p h i a
C l e v e -. l a n d Richmond A t l a n t a C h i c a g o
o f d o l l a r s )
876,769 3289 ,407
S t . L o u i s
Minne-a p o l i s
Kansas C i t y D a l l a s
San F r a n c i s c o
A S S E T S Go ld c e r t i f i c a t e a c c o u n t R e d e m p t i o n f u n d f o r
F . R . n o t e s T o t a l g o l d c e r t i f i c a t e
r e s e r v e s
F . R . n o t e s o f o t h e r Banks O t h e r c a s h
D i s c o u n t s and a d v a n c e s A c c e p t a n c e s :
Bought o u t r i g h t H e l d u n d e r r e p . a g r e e .
U. S . G o v t , s e c u r i t i e s : Bought o u t r i g h t
B i l l s C e r t i f i c a t e s N o t e s Bonds
T o t a l H e l d u n d e r r e p . a g r e e .
T o t a l U. S . G o v t , s e e s .
T o t a l l o a n s & s e c u r i t i e s
Due f r o m f o r e i g n h a n k s Cash i t e m s i n p r o c e s s
o f c o l l e c t i o n Bank p r e m i s e s O t h e r a s s e t s
TOTAL ASSETS
1 8 , 3 2 4 , 6 4 1
9 6 7 , 7 0 4
1 9 , 2 9 2 , 3 4 5
5 3 , 2 3 7 , 1 2 5
8 6 4 , 8 6 6
60,117
4 , 5 8 9 , 2 5 0
2 1 5 , 3 2 7
1 0 4 7 , 8 0 0
6 1 , 7 0 1
( I n t h o u s a n d s 1622,278 1070,632
8 4 , 4 2 5 8 1 , 2 5 2 6 0 , 2 7 5 1 7 8 , 1 8 5
7 5 9 , 6 1 2 3 3 6 , 3 6 3 6 4 9 , 5 0 5 7 0 2 , 5 0 1 2 5 1 5 , 6 5 8
44,476 23,610 43,360 30,178 84,798
924,983 4 , 8 0 4 , 5 7 7 1109,501 1 7 0 6 , 7 0 3 1151,884 9 3 7 , 0 4 4 3 4 6 7 , 5 9 2 8 o 4 , o 8 8 3 5 9 , 9 7 3 692,865 7 3 2 , 6 7 9 2600,456
3 2 4 , 7 4 9 358,026
19,606 1 9 , 9 2 6
5 7 , 3 5 3 5 8 , 2 1 5
1 7 , 7 8 3 2 4 , 2 5 1
1 5 , 8 8 2 3 3 , 4 0 7
3 3 , 6 5 5 2 1 , 7 4 8
5 0 , 3 9 2 2 4 , 9 1 2 2 8 , 5 1 2 6 4 , 2 5 9
1 0 , 7 5 1 2 1 , 4 0 2
2 3 , 5 6 3 1 0 , 5 4 1
1 7 , 7 3 5 1 3 , 6 5 9
2 4 , 3 1 1 1 6 , 5 3 4
28,806 4 5 , 5 7 2
6 4 0 , 5 5 8 2 8 , 3 6 7 5 8 , 7 9 5 2 3 , 7 4 0 40,510 6 1 , 4 2 5 1 3 4 , 6 6 5 7 2 , 6 3 1 1 5 , 9 1 0 4 3 , 3 7 6 1 1 3 , 3 1 4 1 2 , 4 6 5 3 5 , 3 6 0
3 0 , 5 1 2 4 , 3 1 1
- - 3 0 , 5 1 2 4 , 3 1 1 - -
- - - -
- -
-
- -
2 , 6 9 2 , 5 3 0 1 0 , 5 0 6 , 9 9 3 1 1 , 0 1 0 , 2 9 8
2 , 4 8 3 , 7 7 1
1 4 5 , 9 7 5 569 ,637 5 9 6 , 9 2 3 1 3 4 , 6 5 8
6 7 7 , 5 8 1 2 , 6 4 4 , 1 0 6 2 , 7 7 0 , 7 6 3
6 2 5 , 0 4 6
1 5 3 , 5 4 5 5 9 9 , 1 7 2 6 2 7 , 8 7 3 1 4 1 , 6 3 9
2 3 3 , 1 1 4 9 0 9 , 6 7 4 9 5 3 , 2 5 0 2 1 5 , 0 4 0
1 7 2 , 5 5 8 6 7 3 , 3 7 3 705,628 1 5 9 , 1 8 0
1 4 1 , 9 0 7 4 6 5 , 9 4 9 553,760 1818,256 5 8 0 , 2 8 7 1 9 0 5 , 3 5 4 1 3 0 , 9 0 5 4 2 9 , 8 2 1
1 0 9 , 5 0 5 4 2 7 , 3 1 9 4 4 7 , 7 8 9 1 0 1 , 0 1 5
6 1 , 3 2 7 2 3 9 , 3 1 8 250,782
5 6 , 5 7 3
1 1 6 , 0 6 1 4 5 2 , 9 0 4 4 7 4 , 5 9 9 107,063
1 0 7 , 4 7 0 4 1 9 , 3 7 6 4 3 9 , 4 6 5
9 9 , 1 3 7
3 0 7 , 5 3 8 1 2 0 0 , 0 9 8 1 2 5 7 , 5 8 5
2 8 3 , 6 9 4
2 6 , 6 9 3 , 5 9 2 2 8 , 7 5 0
1 4 4 7 , 1 9 3 6 , 7 1 7 , 4 9 6 2 8 , 7 5 0
1 5 2 2 , 2 2 9 2 3 1 1 , 0 7 8 1 7 1 0 , 7 3 9 1 4 0 6 , 8 5 9 4 6 1 9 , 3 8 0 1 0 8 5 , 6 2 b 6 0 8 , 0 0 0 1 1 5 0 , 6 2 7 1 0 6 5 , 4 4 8 3 0 4 8 , 9 1 5
2 6 , 7 2 2 , 3 4 2 1447 ,193 6 , 7 4 6 , 2 4 6 1522,229 2311,078 1 7 1 0 , 7 3 9 l 4 c 6 , 8 5 9 4619,380 1085,628 608,000 1150,627 1065,448 3 0 4 8 , 9 1 5
2 7 , 3 9 7 , 7 2 3 1 4 7 5 , 5 6 0 6 , 8 3 9 , 8 6 4 1 5 4 5 , 9 6 9 2 3 5 1 , 5 8 8 1 7 7 2 , 1 6 4 1 5 4 1 , 5 2 4 4 6 9 2 , 0 1 1 1 1 0 1 , 5 3 8 6 5 1 , 3 7 6 1 2 6 3 , 9 4 1 1 0 7 7 , 9 1 3 3 0 8 4 , 2 7 5
15 1 1 / 4 1 1 1 1 2 1 2 / 1 1 1
5 , 5 7 8 , 8 6 3 9 9 , 3 4 5
1 8 6 , 0 5 9
4 1 4 , 8 2 3 4 , 3 2 4
1 0 , 0 9 4
1 , 0 6 4 , 7 4 0 1 0 , 0 1 0 4 5 , 8 4 4
3 5 2 , 2 7 8 4 , 0 5 2
1 0 , 2 3 6
458,264 9,276
16,381
4 2 2 , 7 9 7 6 , 7 0 3
1 1 , 9 0 6
4 4 6 , 7 9 4 888,763 9,677 15,026
1 0 , 8 8 8 3 1 , 3 4 6
2 4 5 , 4 6 9 7 , 1 1 2 7 , 3 7 8
1 4 9 , 2 0 1 5 , 1 1 3 4 , 2 4 7
2 8 1 , 9 1 9 4 , 6 5 0 8,807
2 8 5 , 4 6 6 1 1 , 0 3 3
7 , 6 5 5
5 6 8 , 3 4 9 1 2 , 3 6 9 2 1 , 2 7 7
2869,317 12,880,607 3 0 6 4 , 0 7 1 4 5 9 1 , 5 0 2 3 4 2 0 , 8 5 8 3 0 2 4 , 8 3 2 9 1 8 3 , 9 1 1 2 1 9 7 , 7 3 9 1 2 0 4 , 0 1 4 2 2 8 3 , 5 7 7 2 1 5 5 , 5 9 2 6 3 6 1 , 1 0 5
1 / A f t e r d e d u c t i n g $ 1 1 , 0 0 0 p a r t i c i p a t i o n s o f o t h e r F e d e r a l R e s e r v e B a n k s . 2 / L e s s t h a n $ 5 0 0 .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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T o t a l P h i l a - Cleve- 1 S t . Minne- Kansas San
Boston New York aelr>hia l a n d [Richmond A t l a n t a Chicago Louis a p o l i s C i t y Da-Has F r a n c i s c o
L I A B I L I T I E S F e d e r a l Reserve n o t e s Depos i t s :
Member bank r e s e r v e s U . 8 . T r e a s . - g e n . a c c t .
. Fo re ign O the r
T o t a l d e p o s i t s
D e f e r r e d a v a i l a b i l i t y cash i tems
Other l i a b i l i t i e s and acc rued d iv idends
TOTAL LIABILITIES
CAPITAL ACCOUNTS
C a p i t a l p a i d i n Su rp lus Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
Con t ing . l i a b . on a c c e p t -ances purchased f o r f o r e i g n cor responden ts
27,919,099 18,139,632
435,422 336,220 326,695
( I n thousands of d o l l a r s )
1594,745 6,543,622 1776,816 2530,281 2114,658 1560,417 5283,213 1232,409 6o4,l68 1106,794 807,806 2764,170 768,724 4,711,137 854,961 1494,161 811,887 966,980 2806,913 675,316 412,620 854,526 980,643 2801,764 32,659 67,330 22,479 28,359 42,653 22,900 68,216 25,979 18,444 31,027 28,279 47,097 18,150 1/98,620 21,780 29,700 16,500 15,510 48,840 12,210 7,920 12,870 17,160 36,960 2,104 "266,819 2,961 695 3,058 912 923 779 388 738 691 46,627
L I A B I L I T I E S F e d e r a l Reserve n o t e s Depos i t s :
Member bank r e s e r v e s U . 8 . T r e a s . - g e n . a c c t .
. Fo re ign O the r
T o t a l d e p o s i t s
D e f e r r e d a v a i l a b i l i t y cash i tems
Other l i a b i l i t i e s and acc rued d iv idends
TOTAL LIABILITIES
CAPITAL ACCOUNTS
C a p i t a l p a i d i n Su rp lus Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
Con t ing . l i a b . on a c c e p t -ances purchased f o r f o r e i g n cor responden ts
19,237,969
4,556,518 42,132
821,637 5,143,906 902,181 1552,915 874,098 1006,302 2924,892 714,284 439,372 899,161 1026,773 2932,448
368,039 778,932 285,779 371,314 352,599 383,910 748,806 192,338 122,982 216,133 243,232 492,454 1,981 10,813 2,101 3,980 2,437 2,147 6,644 1,608 1,269 1,902 1,938 5,312
L I A B I L I T I E S F e d e r a l Reserve n o t e s Depos i t s :
Member bank r e s e r v e s U . 8 . T r e a s . - g e n . a c c t .
. Fo re ign O the r
T o t a l d e p o s i t s
D e f e r r e d a v a i l a b i l i t y cash i tems
Other l i a b i l i t i e s and acc rued d iv idends
TOTAL LIABILITIES
CAPITAL ACCOUNTS
C a p i t a l p a i d i n Su rp lus Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
Con t ing . l i a b . on a c c e p t -ances purchased f o r f o r e i g n cor responden ts
51,755,718
384,718 868,410 228,279
2786,402 12,477,273 2966,877 4458,490 3343,792 2952,776 8963,555 2140,639 1167,791 2223,990 2079,749 6194,384
18,958 110,254 22,799 36,153 17,216 19,934 52,403 12,840 8,751 15,775 22,172 47,463 50,116 238,902 59,607 76,643 44,846 39,474 132,159 33,746 20,785 32,935 43,436 95,761 13,841 54,178 14,788 20,216 15,004 12,648 35,794 10,514 6,687 10,877 10,235 23,497
L I A B I L I T I E S F e d e r a l Reserve n o t e s Depos i t s :
Member bank r e s e r v e s U . 8 . T r e a s . - g e n . a c c t .
. Fo re ign O the r
T o t a l d e p o s i t s
D e f e r r e d a v a i l a b i l i t y cash i tems
Other l i a b i l i t i e s and acc rued d iv idends
TOTAL LIABILITIES
CAPITAL ACCOUNTS
C a p i t a l p a i d i n Su rp lus Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
Con t ing . l i a b . on a c c e p t -ances purchased f o r f o r e i g n cor responden ts
53,237,125 2869,317 12,880,607 3064,071 4591,502 3420,858 3024,832 9183,911 2197,739 1204,014 2283,577 2155,592 6361,105
L I A B I L I T I E S F e d e r a l Reserve n o t e s Depos i t s :
Member bank r e s e r v e s U . 8 . T r e a s . - g e n . a c c t .
. Fo re ign O the r
T o t a l d e p o s i t s
D e f e r r e d a v a i l a b i l i t y cash i tems
Other l i a b i l i t i e s and acc rued d iv idends
TOTAL LIABILITIES
CAPITAL ACCOUNTS
C a p i t a l p a i d i n Su rp lus Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
Con t ing . l i a b . on a c c e p t -ances purchased f o r f o r e i g n cor responden ts 70,417 3,872 2/19,729 4,646 6,336 3,520 3,309 10,419 2,605 1,690 2,745 3,661 7,885
FEDERAL RESERVE AGENTS' ACCOUNTS
F . R. n o t e s o u t s t a n d i n g C o l l a t . f o r F . R. n o t e s :
Gold c e r t i f i c a t e a c c t . E l i g i b l e paper U. S . Govt, s e c u r i t i e s
T o t a l c o l l a t e r a l
28,842,775
10,490,000 152,129
19,260,000
1666,437 6,807,405 1815,794 2577,398 2175,764 1626,479 5392,040 1282,046 615,132 1137,587 858,431 2888,262
530,000 2,700,000 64o,coo 920,000 700,000 500,000 2000,000 430,000 180,000 300,000 290,000 1300,000 23,410 - 15,725 112,994
1200,000 4,200,000 1200,000 1750,000 1550,000 i2co,ooo 3500,000 935,000 450,000 850,000 625,000 1800,000
F . R. n o t e s o u t s t a n d i n g C o l l a t . f o r F . R. n o t e s :
Gold c e r t i f i c a t e a c c t . E l i g i b l e paper U. S . Govt, s e c u r i t i e s
T o t a l c o l l a t e r a l 29,902,129 1730,000 6,900,000 1863,410 2670,000 2250,000 1700,000 5500,000 1380,725 630,000 1262,994 915,000 3100,000 1 / A f t e r deduc t ing $237,600,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 2 / A f t e r deduc t ing $50 ,688 ,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks.
ir
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis