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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) April 21, 1955 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 20, Member bank reserves decreased $31 million. The principal changes reducing reserves were increases of $138 million in Treasury deposits with Federal Reserve Banks, $27 million in Foreign deposits with Federal Reserve Banks, and $12 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $127 million in Money in circulation and an increase of $9 million in Reserve Bank credit. At the end of the week, Member bank reserves amounted to $ 1 8 , 8 1 0 million of which $ 6 0 9 million were estimated as excess reserves. The increase of $9 million in Reserve Bank credit resulted from increases of $113 million in Float and $2 million in Acceptances held under repurchase agreement, and decreases of $68 million in Loans, disccunts and advances and $37 million in U. S. Government securities held under repurchase agreement. Member Bank Reserves and Related Items April 20, 1955 Change since April 21, April 13, 1954 1955 (In millions of dollars) Reserve Bank credit: U. S. Government securities — Bought outright Held under repurchase agreement Acceptances purchased Acceptances held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding -1,028 23,604 16 3 570 793 24,986 21,670 - 37 + 2 - 68 +113 + 9 " 4,997 " + 16 + + 3 4l4 + 507 297 52 41 21 62 35 34 47 + 89 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) 29,714 818 503 408 422 978 +27 + 12 - 1 + + + Member bank reserves 18,810 - 31 ~ 756 18,201 609 - 2 - 29 - 447 309 696 426 + 8 -l4l + 75 293 Required reserves (estimated) Excess reserves (estimated) Daily averages for period— Estimated excess reserves of member banks Member hank borrowings at F. R. Banks -127 - 8 +138 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3>0?6 million, an increase of $2 million for the week and an increase of $211 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since April 13, April 21, 1955 1954 April 20, 1%# A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances purchased Acceptances held under repurchase agreement U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,138,103 850,227 20,908,330 + + + + + 228,211 385,540 569,281 640 2 2,372 2,374 22,298 15,291 + 883,244 9,960,141 9,959,471 2,801,750 23,604,606 24,192,908 - 4,644,469 143,359 50,630,907 + + + + 25,467,088 - 56,068 C A P I T A L A C C O U N T S Capital paid in ' Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 291,983 660,901 27,543 179,264 50,638,907 6,068 156,145 + + - 503,660 2,714 26,488 331,275 95,410 + 50,327 31,906 + + - 756,242 61,451 34,831 33,260 819,264 414,612 434 354,759 93 + + 20,896 35,888 4,385 156,145 - 33,300 331,275 .1$ + .1# 27,836 - 3,421 297 12 + + 10,456 444 6 ^ 3 138,806 27,706 11,138 145,744 101,004 329 151,667 — " - -1,027,731 213,631 + 46,0# - - 595,804 + + + + + + + + + -1,027,731 +3,908,950 -3,069,550 - 839,400 -1,027,731 - 18,809,582 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased , for foreign correspondents Industrial loan commitments 2,512 103,580 22 17,614 49,479,216 + 37,000 37,000 - 3,851,650 1,512 - - - 503,391 408,342 421,549 20,142,864 + - - 23,604,606 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank—reserve accounts U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES + 13 X - 2,512 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 68,078 264,001 23,419 287,420 75,592 3,529 414,112 566 15,869 - 15,869 + + MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 20, 1955 (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 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 481,235 34,713 53,333 Industrial loans 15 342 135 148 569,281 640 Acceptances 11,294 7,087 18,381. U. S. Government securities 322,694 2,246,916 16,519,398 2,087,127 1,013,614 —3414451 23,60k,606 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 20, 1955 (In thousands of dollars) H A . 1(b) A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves F.R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances purchased Acceptances held under repurchase agreement U. S. Govt, securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement Total U. S. Government r securities ~ Total Boston New York Phila. Cleve. Richi Atlanta Chicago St.Louis Mpls. Kans.Cy. 20,138,103 1067,631 5,350,126 1243,715 1701,770 1174,182 848,378 3488,498 820,990 369,863 850,227 51,970 177,146 55,735 74,641 64,473 20,988,330 1119,601 5,527,272 1299,450 1776,411 1238,655 228,211 385,540 569,281 640 15,869 10,249 28,293 21,316 47,782 88,071 74,953 — — 15,869 - - 2,512 2,512 9,060 15,555 18,128 551 12,613 41,531 35,348 10,548 20,086 12,933 - - 52,407 156,615 46,437 24,360 Dallas SanFran. 881,192 789,418 2402,340 39,211 28,260 78,972 900,785 3645,113 867,427 394,223 920,403 817,678 2481,312 71,766 17,948 34,559 62,228 37,338 241,682 — — 6,805 19,163 14,397 — — - - - - - - - - - - - - - - 4,235 10,310 56,783 89 6,314 11,911 29,823 9,299 14,352 16,467 — — — — — - - 21,592 39,481 10,113 - - 224,472 883,244 48,776 21,404 52,035 38,412 53,756 75,909 45,591 154,062 36,653 35,4l6 9,960,141 550,039 2,531,320 606,194 856,004 586,793 514,123 1737,317 413,326 241,363 433,167 399,382 9,959,471 550,002 2,531,150 606,153 855,947 586,752 514,088 1737,201 413,298 241,348 433,137 399>355 2,801,750 154,724 712,051 170,520 240,791 165,062 144,621 488,701 116,267 67,895 121,848 112,344 306,926 23,604,606 1303,541 5,998,993 1436,623 2028,651 1390,642 1218,423 4117,281 979,544 572,010 1026,564 946,497 2585,837 Total loans and securities 24,192,908 1324,857 6,092,327 1455,302 2063,999 1403,575 1255,761 4358,963 993,941 628,882 1056,387 962,964 2595,950 Sue from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 4,644,469 56,068 143,359 1 361,058 5,848 7,594 1/6 2 2 1 1 3 1 1 1 1 2 950,140 291,728 407,331 358,028 351,024 715,755 182,957 117,947 225,976 241,450 441,075 7,166 5,251 5,221 4,443 4,132 6,225 2,815 1,090 3,102 1,340 9,435 35,039 8.446 18.289 8,225 8,002 25.821 6,166 3,404 5,999 6,977 15,425 50,638,907 2857,501 12,747,803 3084,796 4319,367 3043,561 2626,030 8832,056 2079,275 1160,092 2230,093 2054,061 5604,272 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 20, 1955 (In thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas Saltan Federal Reserve notes 25,467,088 1562,984 5,726,459 1785,429 2342,249 1821,002 1298,347 4960,242 1149,313 568,633 1018,704 710,159 2523,567 DeposIts: Member bank-reserve accts. 18,809,582 814,415 5,463,276 895,456 1450,489 792,564 912,264 2981,155 679,012 416,770 911,778 1021,203 2471,200 U.S.Treasurer-general acct 503,391 30,933 65,543 37,565 39,380 40,465 33,123 80,494 31,461 31,142 45,360 32,266 35,659 Foreign 408,342 23,820 1/127,241 28,981 36,127 19,850 17,071 55,560 15,086 9,925 15,086 18,659 40,916 Other 421,549 2,076 345,401 9,631 7,371 3,702 1,307 2,486 6,861 1.032 1,930 1,487 38.265 Total deposits 20,142,864 871,244 6,001,461 971,633 1533,367 856,581 963,765 3119,715 732,420 458,869 974,154 1073,615 Deferred avail, cash items 3,851,650 351,859 689,129 242,872 337,138 303,776 310,334 584,391 151,028 101,598 190,893 214,997 Other liabilities and accrued dividends 17,6l4 1,693 4,517 934 1,767 841 846 2,694 571 700 584 M2 TOTAL LIABILITIES 49,479,216 2787,780 12,421,566 3000,868 4214,521 2982,200 2573,292 8667,042 2033,332 1129,800 2184,335 1999,640 Capital paid in 291,983 15,233 88,623 19,425 27,858 13,221 12,824 38,959 10,221 6,498 11,238 15,215 Surplus (Section 7) 660,901 40,309 188,070 47,773 60,222 33,480 29,480 96,566 26,619 16,918 24,755 29,985 Surplus (Section ljb) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 Other capital accounts 179,264 11,168 42,225 12,241 15,760 11,311 9,672 28,060 8.582 5,803 8,628 7,914 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 50,638,907 2857,501 12,747,803 3084,796 4319,367 3043,561 2626,030 8832,056 2079,275 1160,092 2230,093 2054,061 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 27,836 3,421 1,668 2,030 309 2,530 627 1,390 33 1,195 97 3,892 15 1,056 695 1,056 2,340 1,307 1^2§ 5484,840 32,668 66,724 2,140 17.900 5604,272 2,864 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,468,304 1621,520 Collateral for F.R. notes: Gold certificates 11,008,000 640,000 Eligible paper 127,373 15,716 U. S. Govt, securities 17,155,000 1200,000 Total collateral 28,290,373 1855,716 2/8,153 2586,040 373,635 5,938,118 1860,759 2473,039 1884,394 1366,654 5074,763 1201,605 604,978 1046,243 750,604 2645,627 2,670,000 800,000 1050,000 675,000 500,000 2200,000 355,000 175,000 280,000 283,000 1380,000 — 11,315 -8,266 -— 10,850 54,450 26,276 — 500 3,600,000 1200,000 1500,000 1300,000 1000,000 3000,000 910,000 500,000 800.000 525,000 1620,000 6,270,000 2011,315 2550,000 1983,266 1500,000 5200,000 1275,850 729,450' 1106,276 M,000 3000,500 1/ After deducting $281,076,000 participations of other Federal Reserve Banks. 2/ After deducting $19,683,000 participations of other Federal Reserve Banks.
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