The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release April 12, 1956 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The weekly average of member bank reserves for the week ending April 11 increased $57 million to $18,917 million. Estimated required reserves decreased $64 million; and estimated excess reserves increased $121 million to $656 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $463 million, compared with $450 million the week before. The principal changes supplying reserves were decreases of $137 million in "other" deposits with Federal Reserve Banks, $52 million in Treasury deposits with Federal Reserve Banks, $19 million in foreign deposits with Federal Reserve Banks, and $18 million in money in circulation, and increases of $134 million in member bank borrowings and $11 million in gold stock. The principal offsetting changes were decreases of $196 million in Federal Reserve float and $113 million in Federal Reserve holdings of U. S. Government securities. Total Reserve Bank credit decreased $177 million. As of bought outright securities held borrowings were Wednesday, April 11, holdings of U. S. Government securities were $158 million lower than a week earlier, U. S. Government under repurchase agreement were $21 million lower, and member bank $350 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities— Bought outright—System account Held under repurchase agreement Acceptances-Bought outright Held under repurchase agreement Loans, discounts, and advances— Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Weekly averages of daily figures Change from week ending Week ending Apr. 11, 1956 Apr. 4, 1956 Apr. 13, 1955 (In millions of dollars) 23,518 3 15 - 69 - 44 + 2 " * -- 1,119 1 826 25,481 21,727 5,016 52,224 - 86 - 75 +134 --196 +552 - 95 + 25 -177 + 11 +322 -166 +399 - l + 58 + 20 - 18 +360 328 307 1,082 33,300 - 5 - 52 - 19 -137 + 7 -222 - 30 18,917 18,261 + 57 - 64 + 49 + 47 + 2 Money in circulation 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) 30,300 Member bank reserves-Required reserves (estimated) Excess reserves (estimated) 782 508 656 +121 +183 - 21 -246 +103 +351 * 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 21,741 Treasury cash holdings 787 Treasury currency outstanding 5,018 Member bank) - Required (est.) 18,276 Money in circulation 30,273 reserves ) - Excess (est.) 4l4 On April 11, 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,797 million, an increase of $5 million for the week and an increase of $723 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousand^ of dollars) Change since Apr. 4, Apr. 13, 1956 Apr. 11, 1956 ASS ETS 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 23,429,862 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,440,162 22 4,284,402 64,975 125,465 50,644,800 + + + + 26,031,234 - 20,215,986 839,876 21>055,862 298,327 375,585 994,639 660 24,998 5,297 + 19,701 + 5,037 6,249 + 350,257 5 15,001 2 + + • • + + + + + 157,500 - - LIABILITIES 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 49,390,364 ACCOUNTS CAPITAL Capital paid-in ~ ~ ~ Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 313,387 693,612 27,543 219,894 50,644,800 18,690,255 518,488 313,444 306,638 19,828,825 3,512,165 18,140 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 45.956 42,424 2.443 -- + — — • 157,500 21,000 - - 178,500 ~ + 171,750 + «. - 79,391 645 10,840 281,145 14,907 + + + + + 104,711 15,188 13,225 4,344 111,018 173,461 6 269,578 + 3,121 + + • - + 869 1,000 341,744 972,558 805,558 174,744 37,000 211,744 143,674 146,436 8,970 + 11,826 162,038 + 468,736 + 151,233 153,903 - - 67,192 • 103,773 - 238,481 168,295 855 + 62,815 + 21,497 32,711 + — «• 7,979 69,906 92,414 5,336 357,280 7 — - 541,500 10,932,699 9,153,913 2,801,750 23,429,862 77,885 — — + + mm mm , 8,446 281,145 - .1$ + + 71 5 + + 45,015 162,038 .2$ - + - 14,291 966 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 11, 1956 (Acceptances and securities held under repurchase agreement are classified as 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 Industrial advances loans 1 989,389 * 419 5,250 161 Acceptances 4,996 10,005 79 994,639 660 15,001 U. S. Government securities 16,500 525,000 19,372,764 1,087,127 1,013,614 1,414,857 23,429,862 - STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 11, 1956 H.U.l(b) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San 1Francisco ASSETS Gold certificate account 20,215,986 983,905 5,364,524 1215,031 1743,282 1285,592 897,400 3370,582 876,319 415,862 878,496 756,173 2428,820 Redemption fund for 74,007 52,364 157,545 43,766 23,490 41,129 26,412 174,153 58,788 74,096 62,283 F. R. notes 839,876 51,843 Total gold certificate 21,055,862 1035,748 5,538,677 1273,819 1817,378 1347,875 949,764 3528,127 920,085 439,352 919,625 782,585 2502,827 reserves F.R. notes of other Banks Other cash 298,327 375,585 12,504 27,241 71,109 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 994,639 660 34,950 227,340 15,001 86,698 15,255 20,927 17,468 69,217 30,814 22,439 61,435 9,127 22,609 19,155 138,355 604 21,607 20,732 461,755 7,600 27,613 19,322 28,732 8,870 12,014 6,018 14,628 17,770 25,981 42,612 17,750 56 15>095 11,000 19,300 3,509 15,001 33,340 541,500 29,764 136,283 32,539 46,836 673,115 10,932,699 600,927 2,751,520 656,957 945,602 9,153,9131 503,154 2,303,839 550,068 791,749 563,597 2,801,750) 154,001 705,139 168,360 242,332 172,501 23,429,86211287,846 5,896,781 1407,924 2026,519 1442,553 27,844 562,148 470,685 144,063 1204,740 94,476 1907,450 1597,102 488,827 4087,655 60,595 22,608 12,231 23,463 21,521 456,440 246,937 473,714 434,509 1223,380 382,176 206,759 396,639 363,813 1024,332 313,518 116,973 63,283 121,400 111,353 978,197 529,210 1015,216 931,196 2621,625 23,429,862 1287,846 5,896,781 1407,924 2026,519 1442,553 1204,740 4087,855 978,197 529,210 1015,216 931,196 2621,825 Total loans & securities 24,440,162 1322,796 6,139,122 1427,683 2164,874 1464,160 1225,472 4549,610 985,797 547,016 1030,311 942,196 2641,125 Total U. S. Govt, sees. Due from foreign "banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 1 1 1 1 1 3 1 1/6 2 2 104,871 198,896 222,153 790,581 264,860 387,987 352,770 344,291 693,497 186,768 3,605 3,826 2,464 5,925 4,04l 6,027 3,504 8,075 4,983 6,456 427,339 6,251 10,521 13,943 50,644,800 2721,277 12,664,239 3025.400 4431,349 3216,546 2630,768 8884,069 2132,775 1109,961 2176,018 1988,048 5664,350 1 22 4,284,402 310,389 5,548 64,975 7,050 125,465 29,971 7.118 10,665 1/ After deducting $16,000 participations of other Federal Reserve Banks 7,420 7,168 22,931 4,884 2,737 5,327 2 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 11, 1956 H.4.1(c) Total LIABILITIES 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) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS liab. on acceptances purchased for foreign correspondents Industrial loan commit. F. R. notes outstanding Collat, for F. R. notes: Gold certificate acct. Eligible paper U. S. Govt, securities Total collateral Boston 26,031,234 1556,273 PhilaNew York delphia CleveRichmond Atlanta Chicago land Minneapolis Kansas City Dallas San Francisco 5,939,883 1763,470 2422,648 1968,838 1306,054 5041,871 1195;285 53-6,114 1026,947 680,765 2613,086 18,690,255' 767,997 5,376,970 883,007 1489,085 829,037 916,710 3000,349 687,914 428,944 874,149 993,375 2442,718 89,125 36^954 35,117 45,260 45,834 50,239 26,919 27,523 47,539 43,803 37,733 518,488* 32,442 7,700 11,704 15,708 32,365 313,444| 18,172 1/93,507 22,176 28,028 15,708 13,552 43,120 11,704 9.980 1.079 4.091 2,485 1,142 7,128 l,3o7 1,357 1,082 38,543 235,669 306,6381 2,715 19,828^825 821^326 5,795,271 952,117 1553,309 894,096 978,581 3094,850 733,665 465,534 934,749 1053,968 2551,359 3,512,165! 268,354 576,803 219,999 340,738 286,462 287,665 563,745 154,040 95,357 163,615 190,852 364,535 l8.l4o| 1,003 5,199 969 2,036 873 764 3,047 616 53§ 660 _711 1,724 49,390,364'2646,956 12,317,156 2936,555 4318,731 3150,269 2573,064 8703,513 2083,606 1077,543 2125,971 1926,296 5530,704 16,295 693,612 41,667 27,543! 3,011 219,894 13,348 313,387 50,644,800 42,424 91,206 195,827 7,319 52,731 20,030 49,491 4,489 14,835 29,821 62,563 1,006 19,228 14,278 35,012 3,349 13,638 14,395 41,750 30,841 101,894 762 1,429 11,706 35,483 10,762 27,649 6,992 17,586 10,237 6,767 521 1,073 12,585 25,960 1,137 10,365 16,993 33,847 1,307 9,605 38,280 71,275 2,l40 21,951 2721,277 12,664.919 1025.400 4431,349 3216,546 2630,768 8884,069 2132,775 1109,j6l_2176,0l8 1988,048 5664,35? 2,496 2/12,222 3,046 5,922 2,157 4,442 FEDERAL RESERVE AGENTS' ACCOUNTS 26,983,356 1606,425 6,179,514 1842,932 2520,614 2016,933 1361,579 5130,141 1249,087 567,035 1051,320 721,751 2736,025 11,413,000 41,850 17.035,000 28,489,850 725,000 1070,000 845,000 500,000 2100,000 450,000 150,000 280,000 283,000 1500,000 19 155 --— — 7,600 — 15,095 ~~ 1200*000 3,600*000 1200!000 1500.000 1250,000 looo.ooo 3100.00Q 900,000 46o,ooo 800,000 525,000 1500,00? 1840[000 6,470.000 1944.155 2570,000 2095,000 1500,000 5200,000 1157.600 610.000 1095,095 808,000 3000,000 640,000 2,870,000 1/ After deducting $219,912,000 participations of other Federal Reserve Banks. 2/ After deducting $30,202,000 participations of other Federal Reserve Banks. St. Louis
@FedFRASER