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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) April 8, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 7, Member bank reserves increased # $78 million. The principal changes supplying reserves were a decrease of $^52 million in Treasury deposits with Federal Reserve Banks and an increase of $41 million in Reserve Bank credit. The principal offsetting changes were increases of $94 million in Money in circulation and $19 million in Other F. R. accounts (net). The increase of $4l million in Reserve Bank credit resulted from increases of $31 million in Loans, discounts and advances and $11 million in Float. Member Bank Reserves and Related Items Reserve Bank credit: U. S. Government securities-Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding April 7., 1954 Change since . April 8 March 31, 1954 1953 (In millions of dollars) 24,632 — — — - — — 179 546 25,357 21,966 4,935 + 31 + 11 + 4l + 1 + 3 + 733 163 70 596 107 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) 29,795 823 570 491 371 936 + 94 + 1 -152 - 3 + 8 + 19 + + + + 15 477 241 77 28 68 Member bank reserves 19,272 + 78 - 357 18,761 511 + 2 + 76 + 711 354 587 134 - 70 - 41 + 20 -1,215 Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks + 826 — — U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,791 million, an increase of $7 million for the week and an increase of $546 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 24,632,337 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,811,120 22 140,275 3,355,631 52,908 152,212 50,195,041 20,399,101 878,976 21,278,077 404,796 177,292 1,491 1 + - - 1 22,679 30,428 21 - + + 1,910,975 6,051,191 13,029,021 3,641,150 24,632,337 - - + - — — — - - - :: + - - + 826,221 30,449 + 93,443 1 16,646 237,709 3,362 22,706 210,110 - — — - - - 14,855 489,253 2 12,485 508,826 25,539,950 + 53,375 19,271,730 570,451 491,052 371,100 20,704,333 2,809,471 18,123 49,071,877 + 77,538 151,603 2,749 8,208 68,606 500,125 42 515,314 A C C O U N T S C A P I T A L Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 270,423 625,013 27,543 200,185 50,195,041 - + - + • + 215,002 131,809 83,193 53,340 730,646 2,132 +1,396,221 +1,055,475 744,650 880,825 + 826,221 — L I A B I L I T I E S Federal Reserve notes Deposits: Member bank--reserve accounts U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 215 - - - + - - + - + - + - + + 19,817 357,580 241,433 76,891 28,535 164,503 75,053 1,348 258,025 13,416 40,337 — — 46,0$ - 210,110 - - - - 14,482 2,891 + - CO - 6,273 506,826 LPs + CO 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 ti, 1953 March 31/ 1954 April 7, 1954 1,566 66 + 15,867 73 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 7, 1954 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Within 15 days l6 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 160,600 16,692 Industrial loans m 275 1,051 47 177,292 1,491 U. S. Government securities 325,700 3,271,641 12,277,575 6,307,260 1,035,304 l ^ M 5 7 24,632,337 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 7, 1954 (In thousands of dollars) H.4.1(b) A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Total U. S. Government securities Total loans and securities Due from foreign banks F.R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS Total 20,399,101 8 7 8 , 9 7 6 2 1 , 2 7 8 , 0 7 7 404,796 1 7 7 , 2 9 2 Boston New York 1 , 9 1 0 , 9 7 5 Cleve. 9 9 2 , 7 6 7 5 , 6 7 4 , 9 1 0 1 2 7 8 , 7 8 4 1 7 3 7 , 8 2 0 5 3 , 3 3 9 1 7 8 , 1 0 3 5 8 , 1 6 7 8 0 , 3 6 9 1046,106 31,531 14,102 5 , 8 5 3 , 0 1 3 77,479 17,855 1,491 6 , 0 5 1 , 1 9 1 Phila. 1336,951 23,404 7,278 1 , 2 6 9 105,444 333,893 13,029,021 718,915 3,641,150 200,911 24,632,337 1359,163 1 8 1 8 , 1 8 9 35,334 7 , 7 2 6 - - Rich. 1 0 2 9 , 2 2 4 73,750 1 1 0 2 , 9 7 4 21,781 1 0 , 8 4 7 - - Atlanta Chicago St.Louis 943,454 3 6 6 8 , 8 4 4 5 7 , 4 1 8 1 4 9 , 4 4 5 1 0 0 0 , 8 7 2 3 8 1 8 , 2 8 9 32,758 1 9 , 9 4 6 75,133 6 0 , 8 5 8 7 8 2 , 6 4 5 Mpls. Kans.Cy. 1 1 6 , 2 9 8 3 6 8 , 2 6 3 163,784 518,629 745,279 4 6 3 , 4 3 4 8 1 3 , 1 2 1 2 5 , 2 7 8 40,969 8 3 1 , 4 4 8 4 8 8 , 7 1 2 8 5 4 , 0 9 0 775,225 2 5 , 8 3 4 9 , 1 9 6 1 1 , 1 9 1 17,442 43,713 1 3 , 7 1 6 1,034 2 , 7 6 9 48,803 3 , 1 8 6 1 7 , 9 7 5 — 110 112 2 2 6 8 , 8 1 9 2 9 , 9 4 6 8 3 , 3 8 9 2 3 5 2 , 2 0 8 — 9 7 , 3 2 8 334,073 79,965 46,928 82,447 356,403 308,193 1057,857 2 5 3 , 2 1 2 148,599 2 6 1 , 0 7 3 3,328,029 792,921 1116,679 767,383 663,582 2277,707 545,199 319,953 562,124 221 * 2 : 7 3 jLdfU (d f JLOp,44f OjO jy juh6,291,887 1499,075 2111,164 1450,795 1254,550 4306,176 1030,740 604)896 1062/738 4 8 8 , 1 2 4 1,545,668 Dallas SanFran. 112,552 208,942 7 5 , 0 9 0 237,776 6 6 1 , 6 2 5 511,962 1424,567 967,903 2693,250 24,632,337 1359,163 6 , 2 9 1 , 8 8 7 1499,075 2111,164 1450,795 1254,550 4 3 0 6 , 1 7 6 1030,740 6 0 4 , 8 9 6 1 0 6 2 , 7 3 8 9 6 7 , 9 0 3 2 6 9 3 , 2 5 0 2 4 , 8 1 1 , 1 2 0 6 , 3 0 9 , 7 4 2 1 5 0 7 , 6 2 2 4 3 6 7 , 0 3 4 1 0 3 3 , 9 2 6 6 2 2 , 9 8 3 1 0 7 6 , 4 5 4 9 6 8 , 9 3 7 2 6 9 6 , 0 1 9 1 2 22 140,275 3,355,631 52,908 152,212 1 3 7 3 , 2 6 5 1 2,365 266,173 6,131 8 , 0 6 0 1 / 6 1 6 , 1 5 8 627,470 7,530 38,051 2 6,406 204,714 4,84l 9,082 2 1 1 8 , 8 9 0 1 4 6 1 , 6 4 2 2 1 9 , 5 6 6 1 9 , 9 9 8 3 0 1 , 2 6 1 2 6 9 , 3 6 2 5 , 1 6 1 1 3 , 3 0 6 50,195,041 2733,632 12,929,449 3093,022 4301,709 4,662 9 , 0 6 4 2 8 8 9 , 4 8 4 1274,606 1 2 5 , 2 8 3 239,993 3,992 8,355 2 5 8 5 , 8 6 0 3 15,227 527,399 6,391 1 7,899 149,457 2 , 8 8 2 2 5 , 7 5 8 6 , 6 2 2 8 8 3 5 , 2 3 4 2 0 5 8 , 0 6 9 l/ After deducting $16,000 participations of other Federal Reserve Banks. 1 1 8 , 9 9 8 5 , 2 2 6 8 9 , 0 4 4 1 8 5 , 6 9 1 1,017 3,735 1 2 2 3 , 6 8 6 2,197 7,181 2 1 4 2 , 0 3 1 6 , 8 4 2 161,579 578 6,459 1 9 3 7 , 0 6 3 16,307 333,488 7 , 5 2 6 16,539 5 4 6 5 , 8 0 2 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 7, 1954 (In thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston Federal Reserve notes 25,539,950 1574,381 Deposits: Member bank-reserve accts. 19,271,730 778,325 U.S.Treasurer-general acct. 570,451 38,845 Foreign 491,052 29,530 Other 371,100 3,120 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,690,312 1820,536 2361,489 1750,279 1367,402 4930,851 1156,135 631,965 994,796 707,018 2554,786 5,883,690 118,172 1/147,322 302,151 967,894 2382,463 45,898 42,926 22,753 49,397 779 33,670 929,320 1474,800 36,651 41,996 35,823 44,537 1,687 6,444 793,706 32,509 24,689 3,598 903,133 3136,089 32,509 90,491 20,816 67,290 1,100 5,879 688,488 21,398 18,396 8,295 436,947 32,092 12,103 1,507 896,875 36,964 18,396 2,870 6,451,335 1003,481 1567,777 467,125 185,850 268,177 854,502 224,049 957,558 3299,749 208,844 442,831 736,577 119,828 482,649 78,863 955,105 1037,324 2508,456 147,093 140,246 286,730 628 541 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,704,333 2,809,471 849,820 239,835 18,123 980 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,071,877 2665,016 12,614,334 3010,815 4199,622 2829,696 2534,638 8676,288 2013,168 1194,018 2097,576 1885,260 5351,446 270,423 14,622 83,313 18,424 25,964 12,016 11,630 35,587 9,335 6,034 10,331 13,480 29,687 625,013 38,779 176,633 45,909 57,648 31,750 28,034 90,792 25,465 16,219 23,456 28,146 62,182 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 200,185 12,204 47,850 13,385 17,469 12,673 10,796 31,138 9,580 6,342 9,531 8,870 20,347 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 5,562 948 2,179 866 834 2.857 582 672 1,474 50,195,041 2733,632 12,929,449 3093,022 4301,709 2889,484 2585,860 8835,234 2058,069 1223,686 2142,031 1937,063 5465,802 14,482 2,891 884 2/ 4,187 1,073 1,090 1,334 748 739 47 624 124 2,016 24 551 363 551 858 681 1,479 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,682,373 1633,284 5,890,091 1931,752 2474,679 1856,902 1439,080 5085,126 1217,283 656,178 1020,774 11,043,000 640,000 72,090 12,760 • - 17,055,000 1200,000 28,170,090 1852,760 2,670,000 800,000 950,000 625,000 485,000 2400,000 355,000 10,775 5,650 9,725 — 2 , 3 5 0 3,600,000 1200,000 1550,000 1300,000 1000,000 2800,000 960,000 6,280,775 2005,650 2500,000 1934,725 1485,000 5200,000 1317,350 175,000 280,000 283,000 1380,000 17,425 12,880 525 500.000 800,000 525,000 1620,000 692,425 1092,880 808,000 3000,525 1/ After deducting $343,711,000 participations of other Federal Reserve Banks, 2/ After deducting $10,295,000 participations of other Federal Reserve Banks. 756,356 2720,868
@FedFRASER