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BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) August 12, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 11, Member bank reserves decreased $2 m i l l i o n . The p r i n c i p a l changes reducing reserves were decreases of $50 million in Gold stock and $39 million in Reserve Bank c r e d i t , and increases of $34 million in Foreign deposits with Federal Reserve Banks and $18 million 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 decreases of $84 million in Treasury deposits with Federal Reserve Banks and $4l million in Other deposits with Federal Reserve Banks. The decrease of $39 million in Reserve Bank c r e d i t r e s u l t e d from an increase of $318 m i l l i o n in Loans, discounts and advances and decreases of $302 million in U. S. Government s e c u r i t i e s bought o u t r i g h t and $55 million in F l o a t . Holdings of U. S. Government s e c u r i t i e s bought o u t r i g h t r e f l e c t e d a decrease of $302 m i l l i o n in b i l l s . Member Bank Reserves and Related Items Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s — Bought o u t r i g h t Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding August 11, .. 1954 Change since August 4, August 12, 1954 1953 (In millions of d o l l a r s ) 24,023 -302 - 489 554 25,066 +318 - 55 - 39 - 50 + 1 • 290 < 55 -1,286 - 370 + 101 - 247 476 21,858 4,960 941 Money in c i r c u l a t i o n 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) 29,911 799 593 559 387 905 + + - 18 9 84 34 4l 2 + + + 58 46 Member bank reserves 18,731 - 2 - 862 17,602 1,129 - 80 + 78 + 478 - 96 + 249 Required reserves (estimated) Excess reserves (estimated) Daily averages f o r p e r i o d - Estimated excess reserves of member b Member bank borrowings a t F. R. Banks 959 182 +111 82 8 -1,340 - 656 U. S. Government s e c u r i t i e s held in custody by the Federal Reserve Banks f o r f o r e i g n account were $3,056 million, a decrease of $1 million f o r the week and an increase of $620 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 d o l l a r s ) Change since August 4, August 12, 1954 1953 August 11, 1954 § ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F. R. notes Total gold c e r t i f i c a t e reserves F. R. notes of other Banks Other cash Discounts and advances I n d u s t r i a l loans U. S. Government s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates Notes Bonds Total bought o u t r i g h t Held under repurchase agreement Total U. S. Government s e c u r i t i e s 20,327,102 847,011 21,174,113 121,412 374,045 487,486 1,184 Total loans and s e c u r i t i e s Due from f o r e i g n banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 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 a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 40,000 - 3,543 43,543 - + - + + 2,485 8,699 317,500 128 302,000 + 81,001 + 56,243 + 137,244 58,774 + 37,648 - 288,857 1,674 1,301,750 6,599,791 13,029,021 3,092,550 24,023,112 - 302,000 - 370,554 +1,604,075 - 744,650 -1,429,425 - 940,554 24,023,112 - 302,000 - - - 15,628 940,554 -1,231,085 1 - 200,464 + 3,679 15,115 -1,326,868 24,511,782 22 3,557,645 53,705 140,914 49,933,638 + + + + 139,320 41 8,342 113,574 25,560,754 + 6,569 - 339,110 18,731,314 593,012 559,186 386,507 20,270,019 3,003,523 13,696 48,847,992 - 2,177 83,728 34,480 41,694 93,119 194,126 417 107,159 - 861,253 274,600 625,013 27,543 158,490 49,933,638 + 677 + + Ratio of gold c e r t i f i c a t e reserves to deposit and F. R. note l i a b i l i t i e s combined Contingent l i a b i l i t y on acceptances purchased for foreign correspondents I n d u s t r i a l loan commitments + «. - + - + • + —— + + 5,738 113,574 46.2# 6,789 2,241 - - - 81,507 + 8,164 + 57,918 - 876,678 - 145,356 3,825 -1,364,969 13,699 40,337 15,935 -1,326,868 —— + 1.5# 1,607 149 - 18,695 1,436 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 11, 1954 ( S e c u r i t i e s held under repurchase agreement are c l a s s i f i e d 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 390,443 96,806 237 '487,486 Industrial loans U. S. Government securities 883 259 40 1,706,175 12,972,716 6,307,260 1,035,304 1,414,857 24,023,112 2 1,104 ~ 506,000 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 11, 1954 ( I n thousands of d o l l a r s ) H.4.1(b) ASSETS Gold c e r t i f i c a t e s 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 reserves F.R. notes of other Banks Other cash Discounts and advances I n d u s t r i a l loans U. S. Govt, s e c u r i t i e s : Bought o u t r i g h t — Bills Certificates Notes Bonds Total Held under repurchase agreement Total Boston 20,327,102 1011,321 847,011 51,206 21,174,113 1062,527 121,412 374,045 48?,486 1,184 10,005 27,216 15,800 New York Phila. Cleve. Rich. 5,430,770 1235,851 1731,779 1051,986 170,058 56,021 77,537 66,070 Atlanta Chicago St .Louis 957,869 3701,016 815,709 483,842 841,639 146,422 47,939 24,918 40,299 55,472 5,600,828 1291,872 1809,316 1118,056 1013,341 3847,438 863,648 23,220 75,617 278,260 6,176 23,431 18,250 1,085 Mpls. Kans.Cy. Dallas SariFran. 755,528 2309,792 29,342 81,727 508,760 881,938 784,870 2391,519 3,959 41,483 45,810 9,740 16,199 15,837 17,510 33,169 63,896 5,972 22,905 11,890 10,762 7,397 5,825 99 6,215 11,414 13,190 4,988 12,313 5,174 10,296 39,005 28,710 111,569 76,670 66,299 227,569 54,472 31,968 56,162 51,151 142,331 1116,679 767,383 663,582 2277,707 545,199 6,665 12,569 42,075 71,828 1,301,750 6,599,791 364,163 13,029,021 718,915 3,092,550 170,641 24,023,112 1325,547 79,222 332,509 1,685,798 401,650 3,328,029 792,921 789,936 188,206 6,136,272 1461,999 T o t a l U. S. Government securities 24,023,112 1325,547 6,136,272 1461,999 2058,949 1414,913 1223,521 4199,672 1005,247 589,936 1036,453 943,964 2626,639 T o t a l loans and securities 24,511,782 1341,347 6,414,532 1481,334 2104,759 1430,750 1230,186 4241,74? 1017,137 Due from f o r e i g n banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 22 3,557,645 53,705 140,914 1 265,431 5,997 7,647 1/ 6 2 565,648 388,715 336,133 1153,763 276,168 162,071 284,742 259,332 721,608 265,053 182,145 157,507 540,633 129,408 2058,949 1414,913 1223,521 4199,672 1005,24? 2 1 1 3 1 319,953 562,124 75,944 133,425 589,936 1036,453 595,860 1049,643 1 1 511,962 1424,56? 121,519 338,133 943,964 2626,639 949,138 2655,349 1 2 653,652 220,378 324,260 304,008 259,855 557,456 150,156 111,157 187,779 182,483 341,030 7,584 5,147 5,087 4,585 3,947 6,347 2,859 1,007 2,462 565 8,118 34,404 8,450 12,085 8,376 7,879 24,242 6,159 3,511 6,439 6,435 15,28? 49,933,638 2720,171 12,809,843 3036,790 4300,951 2891,715 2565,888 8753,698 2068,837 1238,455 2145,891 1940,793 5460,606 l / A f t e r deducting $16,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 11, 1954 ( i n thousands of d o l l a r s ) [.4.1(c) L I A B I L I T I E S Total Boston 25,560,754 1576,763 federal Reserve notes pepos i t s : Member bank-reserve a c c t s . 18,731,314 757,299 593,012 37,174 U.S.Treasurer-general a c c t . 559,186 32,818 Foreign 386,507 4,336 Other 20,270,019 3,003,523 TOTAL LIABILITIES iapital paid in Surplus ( S e c t i o n 7) Surplus ( S e c t i o n 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,847,992 2653,335 274,600 14,781 625,013 38,779 27,543 3,011 158,490 10,265 Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents I n d u s t r i a l loan commitments Phila. Cleve. Rich. Atlanta Chicago St.Louis 5,721,357 1801,024 2375,883 1730,372 1359,710 4948,551 1133,387 5,658,427 146,722 37177,187 300,928 873,396 1436,084 37,653 42,887 39,812 10,121 49,496 10,234 778,803 32,528 27,438 2,378 Mpls. Kans.Cy. 607,641 997,489 Dallas SanFran. 732,966 2575,611 3020,846 694,905 454,218 891,070 948,085 2338,594 31,162 33,740 32,969 4l,806 86,383 38,967 13,450 20,444 25,286 54,895 23,134 74,782 20,444 879,587 31,021 850 2,456 7,959 1,024 5.631 719 39,871 950,885 1007,059 2475,166 831,627 6,283,264 960,982 1538,701 841,147 934,592 3184,467 762,275 499,854 154,055 149,611 298,187 101,626 496,954 194,071 285,464 261,882 221,512 466,534 129,264 244,363 Total d e p o s i t s Deferred a v a i l , cash items Dther l i a b i l i t i e s and accrued dividends 13,696 New York 582 4,455 569 1,540 661 662 1,968 492 566 541 504 1,156 12,506,030 2956,646 4201,588 2834,062 2516,476 8601,520 2025,418 1209,687 2102,970 1890,140 5350,120 6,108 10,573 13,949 30,546 83,429 18,706 26,715 12,231 11,878 36,207 9,477 16,219 23,456 28,146 62,182 176,633 45,909 57,648 31,750 28,034 90,792 25,465 7,319 36.432 4,489 11,040 1,006 13,994 3,349 10,323 762 8,738 1,429 23,750 521 7,956 1,073 5,368 1,137 7,755 1,307 7,251 2,140 15,618 49,933,638 2720,171 12,809,843 3036,790 4300,951 2891,715 2565,888 8753,698 2068,837 1238,455 2145,891 1940,793 5460,606 6,789 2,241 415 2/1,961 503 472 626 867 347 45 292 115 945 19 258 170 258 320 694 723 FEDERAL RESERVE AGENTS' ACCOUNTS p. R, notes outstanding C o l l a t e r a l f o r F.R. notes: Gold c e r t i f i c a t e s E l i g i b l e paper U. S. Govt, s e c u r i t i e s Total c o l l a t e r a l 26,530,708 1636,999 5,914,772 1895,267 2475,507 1829,115 1420,239 5033,757 1182,493 635,448 1029,213 765,44? 2712,451 11,093,000 640,000 2,670,000 800,000 1000,000 625,000 485,000 2400,000 355,000 175,000 280,000 283,000 1380,000 5,500 7,900 3,200 9,200 10,482 10,480 16,880!000 12Qo!000 3,600,000 1200,000 1500.000 1300.000 1000,000 2700,000 935,000 500,000 800,090—525?000,l620;000 28,029,157 1849^395 6^270,000 2010^480 2500,000 1935,482 1485,000 5100,000 1297,900678,200 1089,200808,000 3005,500 1 / A f t e r deducting $381,980,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 2 / A f t e r deducting $4,828,000 p a r t i c i p a t i o n s of other Federal Reserve Banks.
@FedFRASER