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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release August 11, 1955 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 reserve balances for the week ending August 10 decreased $86 million to $18,824 million. The principal changes reducing reserves were a decrease of $54 million in Reserve Bank credit, and increases of $49 million in Money in circulation, and $12 million in Foreign deposits with Federal Reserve Banks, The principal offsetting changes were decreases of $16 million in Other deposits with Federal Reserve Banks, and $15 million in Other F. R. accounts (net). Estimated average excess reserves of member banks for the week increased $51 million to $670 million. The decrease of $54 million in average Reserve Bank credit for the week resulted principally from a decrease of $175 million in Float, and increases of $107 million in Member bank borrowings, and $10 million in U. S, Government securities held under repurchase agreement. As of Wednesday, August 10, holdings of U, S, Government securities bought outright and those held under repurchase agreement were unchanged from a week earlier, while Member bank borrowings were $382 million lower. 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 Awe. 10. 1955 Aug. 3. 19551 Aug. 11. 1954 (in millions of dollars) 23,983 72 12 1 + 1 + 10 + + 1 1 848 41 627 25,584 21,682 5,003 52,269 +107 + 1 -175 - 54 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) 30,285 800 646 434 396 885 33,445 + + + + Member bank reserve balances— Required reserves (estimated) Excess reserves (estimated) 18.824 18,154 670 — 86 -137 + 51 + 40 55 + + 12 1 + 666 65 29 659 219 44 483 - — + + - — — — 54 49 5 8 12 16 15 32 + + + - + — - + + + - 353 3 62 110 34 20 245 238 466 228 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 21,683 Treasury cash holdings 803 Treasury currency outstanding 5,003 Member bank) - Required (est.) 18,123 Money in circulation 30,289 reserves ) - Excess (est.) 373 On August 10, 1955, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,307 million, an increase of $17formillion for the week and an increase of $251 million from the comparable date a Digitized FRASER http://fraser.stlouisfed.org/ year ago. Federal Reserve Bank of St. Louis H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Aug. 10, l?J>5 A S S E T S Gold certificates Redemption fund for F. R. notes Total goId certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances--Bought outright U. S. Government securities; Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 23,982,508 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,560,516 22 3,750,762 57,833 209,663 50,134,819 20,146,351 843,569 20,989,920 208,586 357,517 565,279 470 12,259 Aug. 3, 1955 + • - • + 14,753 10,432 4,321 13,130 37,555 381,646 1 963 • . + - + - + __ 1,261,146 2,520,076 17,399,536 2,801,750 23,982,508 • 180,751 3,442 184,193 87,174 16,528 77,793 714 12,259 4o,6o4 -4,079,715 +4,370,515 • 290,800 w 40,604 -- —w -- - 40,604 + 48,734 100,254 + 122 + 10,051 • 525,771 + + + + 193,117 4,128 68,749 201,181 6,553 + 402,101 380,684 •» mm •» ee - 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 25,962,855 - 18,496,402 499,250 458,945 390,175 19,844,772 3,176,129 14,214 48,997,970 391,241 184,576 + 30,372 9,945 555,390 + 28,442 + 150 533,351 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 296,602 660,901 27,543 151,803 50,134,819 + Ratio of gold certificate reserves to deposit and F. P.. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments Aug. 11, 1954 ; • 208 — — • + *• + + + 234,912 93,762 100,241 3,668 425,247 172,606 •518 149,978 + + 22,002 35,888 • + — ' ™ 7,372 525,771 45.8# + • 5$ 25,187 3,260 + + 82 1 • + 6,687 201,181 M + + 18,398 1,019 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 10, 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 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 advances 5307595 34,615 70 565,279 Industrial loans 15 91 243 121 T70" Acceptances 4,903 7,276 12,259 U. S. Government securities 159,100 1,102,046 10,765,699 9,527,192 1,013,614 1,414,857 23,992,508 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 10, 1955 (In thousands of dollars) H.4.1(b) Total A S S E T S CVl <M F.R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances-Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 1 £ i Total gold certificate reserves i Gold certificates Redemption fund for F. R. notes Boston 843,569 51,884 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 5,255,827 1184,094 1784,213 1175,823 831,393 3713,329 818,359 169,554 59,815 73,661 74,199 50,677 148.628 45,540 20,989,920 1084,136 5,425,381 1243,909 1857,874 1250,022 882,070 3861,957 863,899 208,586 357,517 565,279 470 12,259 l4,4o6 26,188 32,625 43,103 65,385 80,060 - - 12,259 9,568 19,165 42,735 403 — 7,230 43,135 30,940 11,990 16,565 35,810 -- -- 44,739 31,103 43,570 " 14,534 61,569 115,222 6,628 18,759 30,445 — Mpls, Kans.Cy. 372,035 24,067 Dallas SanFran. 853,999 697,616 2427,411 40,551 27,638 77,355 396,102 894,550 725,254 2504,766 9,078 8,020 36,805 67 9,077 11,560 42,155 -- -- 13,325 13,343 27,023 24,908 42,725 47,889 54,847 50,570 138,157 30,562 320,514 76,756 108,387 74,298 65,097 219,978 52,335 1,261,146 69,645 61,068 101,050 276,069 109,598 104,578 130,082 216,583 148,469 439,569 640,465 153,376 2,520,076 139,169 1906,084 697,687 722,046 421,643 756,706 898,129 3034,949 1495,368 1025,076 4,422,005 1058,971 17,399,536 960,872 712,051 170,520 240.791 165,062 144,621 488,701 116,267 67,895 121,848 112,344 306,926 2,801,750 154,724 Total U. S. Government securities" . . , , 23.982.508 1324,410 6,095,035 1459,623 206l,129 l4l2,905 1237,929 4183,197 995,226 581,168 1042,999 961,651 2627,236 Total loans and securities 24,560,516 1357,035 Sue from foreign banks Uncollected, cash items Bank premises Other assets TOTAL ASSETS 22 1 3,750,762 279,566 57,833 5,767 209,663 11,228 6,187,35^ 1502,761 2092,069 1448,715 1281,499 4298,419 1025,671 618,040 1085,154 988,674 2675,125 l/ 6 2 640%939 232,892 7,484 5,161 51.066 12.447 2 1 1 ^ 1 344,215 308,956 292,937 601,981 164,807 5,377 4,571 4,266 6,151 2,797 17,728 12.313 11,386 38.528 8.873 1 . , f , „ ? 111,449 193,878 216,324 362,816 1,^5 3,206 1,680 9,966 4.972 9,030 9,511 22,581 50,134,819 2778,327 12,420,718 3025,905 4367,630 3053,133 2548,001 8883,142 2091,435 1149,067 2206,456 1968,112 5642,893 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 10, 1955 (In thousands of dollars) I,4.1(c) 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 SanFran. 25,962,855 1584,040 5,843,339 1781,069 2405,696 1886,511 1305,569 5066,166 1170,550 549,809 1039,083 federal Reserve notes Jeposits: Member bank-reserve accts. 18,496,402 802,647 5,226,763 881,454 1471,388 776,592 876,664 3014,041 677,508 438,123 902,692 U,S.Treasurer-general acct, 499,250 31,021 76,716 37,262 43,027 38,520 37,468 66,038 18,611 38,469 27,787 26,880 1/141,736 32,704 40,768 22,400 19,264 62,720 17,024 11,200 17,024 Foreign 458,945 .872 6.078 Other 716,468 2614,555 967,141 2461,389 34,273 50,058 21,056 46,169 Total deposits )eferred avail, cash items )ther liabilities and accrued dividends 19,844,772 862,379 3,176,129 262,037 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) 3ther capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,997,970 2709,413 12,101,621 2943,456 4264,766 2993,000 2495,992 8723,185 2046,144 1119,109 2161,415 1914,149 5525,720 296,602 15,732 89,097 19,514 28,136 13,395 13,258 39,455 10,393 6,715 11,645 15,680 33,582 660,901 40,309 188,070 47,773 60,222 33,480 29,480 96,566 26,619 16,918 24,755 29,985 66,724 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 7.504 6.991 14.727 151.803 9.862 34.611 10.673 13.500 9.909 8.509 22.507 7/758 5.252 Contingent liability on acceptances purchased for foreign correspondents [nciustrial loan commitments F, R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S, Govt, securities Total collateral 14.214 957 5,758,269 496,146 3,867 961,292 1561,261 200,370 296,523 725 1.286 840,085 934,799 3145,046 733,990 469,117 959,109 1023,503 2595,922 265,658 254,940 509,651 141,067 99,637 162,607 173,581 313,912 746 684. 2.322 546 537 616 • 597 J.331 50,134,819 2778,327 12,420,718 3025,905 4367,630 3053,133 2548,001 8883,142 2091,435 1149,067 2206,456 1968,112 5642,893 25,187 3,260 1,512 — 2/7,345 — 1,839 256 2,293 627 1,260 11 1,084 87 3,528 12 958 630 — 958 2,267 1,184 2,596 FEDERAL RESERVE AGENTS* ACCOUNTS 26,829,843 1634,853 6,013,351 1862,719 2499,934 1935,417 1364,516 5144,145 1220,586 589,414 1066,972 759,516 2738,420 11,133,000 640,000 2,670,000 725,000 1050,000 675,000 500,000 2400,000 355,000 175,000 280,000 283,000 1380,000 — 39,815 — 33,810 — — 28,925 35,805 40,635 209,215 30,225 17.0SS.00Q 1200.000 3.600.000 1200.000 1500.000 1300.000 1000.000 2900.000 910.000 500.000 800.000 525.000 1620.000 28,397,215 1870,225 6,270,000 1964,815 2550,000 2008,810 1500,000 5300,000 1293,925 710,805 1120,635 808,000 3000,000 %/ After deducting $317,184,000 participations of other Federal Reserve Banks. 2J After deducting $ 17,842,000 participations of other Federal Reserve Banks.
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