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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release August 18, 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 17 decreased $6? million to $18,757 million. The principal changes reducing reserves were a decrease of $89 million in Reserve Bank credit and increases of $51 million in Money in circulation, $40 million in Foreign deposits with Federal Reserve Banks, and $25 million in other F. R, accounts (net). The principal offsetting change was a decrease of $139 million in Treasury deposits with Federal Reserve Banks, Estimated average excess reserves of member banks for the week decreased $41 million to $592 million. The decrease of $89 million in average Reserve Bank credit for the week resulted principally from decreases of $97 million in Member bank borrowings, $92 million in U, S» Government securities bought outright, and $72 million in U, S, Government securities held under repurchase agreement, and an increase of $167 million in Float, As of Wednesday, August 17, holdings of U, S, Government securities bought outright were $128 million lower than a week earlier and Member bank borrowings were $62 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 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) Member bank reserve balances— Required reserves (estimated) Excess reserves (estimated) Weekly Averages of Daily Figures Change from Week Ending. Week Ending Aug. 17. 1955 Aug. 10. 19551 Aug. 18. 195L (In millions of dollars) 23,891 13 1 - 92 - 72 + 1 mm mm 751 46 794 25,495 21,682 5,003 52,180 - 97 + 5 +167 - 89 30,336 797 507 474 400 910 33,424 + 51 - 3 -139 + 40 + 4 + 25 - 21 18.757 18,165 592 - 67 - 26 - 41 + - + + 13 1 + + + 612 45 71 562 176 43 428 + 417 — + + - — — — 89 15 104 — - 8 51 105 52 4 + 197 + + 232 503 271 — 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 21,682 Treasury cash holdings 806 Treasury currency outstanding 5>003 Member bank) - Required (est.) 18,134 Money in circulation 30,310 reserves ) - Excess (est,) 480 On August 17, 1955» U. S, Government securities held in custody by the Federal Reserve Banks for foreign account were $3,326v million, an increase of $19 for the week and an increase of $ 290 million from the comparable date Digitized for million FRASER http://fraser.stlouisfed.org/ a 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) Change since Aug. 10, Aug. 18, 1955 1954 Aug. 17, 1955 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: Bought outright Held ttis&er repurstese agreement U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 17,399,536 2,801,750 23,854,808 - 23,854,808 - Total loans and securities Due from foreign hanks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,504,577 22 4,723,48$ 57,985 153,676 50,998,978 - 55,939 + 87,172 + + + 972,723 152 55,987 864,159 + 637,808 + + + 4,165 28,492 645,603 25,990,669 + 27,814 18,613,821 542,416 457,596 395,518 20,009,351 3,840,732 14,667 49,855,419 + + 117,419 43,166 1,349 5,343 164,579 664,603 453 857,449 20,136,351 850,406 20,986,757 215,466 357,010 632,285 532 14,443 2,509 10,000 + 6,837 3,163 - + 6,880 + + 507 67,006 62 + + 2,184 2,509 - 1,133,446 127,700 2,520,076 •*«• — 127,700 -- 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 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 127,700 + + + 190,751 5,930 184,821 83,190 10,403 172,298 274 + + 14,443 2,509 21,8o4 -4,079,715 +4,370,515 - 290,800 21,804 80,000 - 101,804 + 460,877 - 162,069 - 104,057 89,938 31,503 387,567 + + 506 594,542 135 + 21,720 27,543 158,648 50,998,97$ 6,845 064,159 + 6.547 645,603 45.6% .2$ » + + + + 296,467 660,901 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 25,214 3,297 + + 27 37 + 520,726 + 35,888 .5# + + 18,652 680 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 17, 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 Ovfer 5 years to 10 years Over 10 years http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Discounts and advances 600,869 31,346 70 632,285 Industrial loans 15 95 302 120 532 Acceptances 9,962 6,990 16,952 U. S. Government securities 174,700 958,746 18,205,764 2,087,127 1,013,614 1.414.857 23,854,808 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 17, 1955 (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 F.R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances: Bought outright Held under repurchase agreement U. S. Govt, securities: Bought outright— Bills Certificates Notes JJUUUB Total Held under repurchase agreement Total Boston 20,136,351 973,850 850,406 51,716 20,986,757 1025,566 215,466 357,010 632,285 15,436 25,391 37,600 New York Phila. Cleve. Rich. 5,423,053 1152,407 1768,120 1189,616 178,860 59,524 73,404 73,163 5,601,913 1211,931 1841,524 1262,779 41,695 64,238 71,270 532 14,443 14,443 2,509 2,509 10,452 19,239 64,275 466 Atlanta Chicago St. Louis 814,022 3639,286 Mpls, Kans.Cy. 798,476 384,149 849,450 148.380 45.466 24,043 40,492 864,560 3787,666 843,942 408,192 889,942 7,669 19,357 33,485 8,959 11,364 11,933 50,538 8,038 40,616 10,959 43,654 17,617 18,781 46,125 30,835 60,010 29,985 51,425 165,722 8,613 26,676 66 61,660 Dallas SanFran. 735,925 2407,99' 27,591 77,22< 763,516 2485,22( 13,237 13,023 8,008 26,38 44,971 36,051 23,854,808 1317,358 68,984 97,412 66,775 58,505 197,704 47,036 640,465 153,376 216,583 148,469 130,082 439,569 104,578 4,422,005 1058,971 1495,368 1025,076 898,129 3034,949 722,046 f L<1 f JL JL;U,ycU drtKj) (yL lOy , UOf: 144,Ocl 4*00*1 01 lib,267 6,062,580 1451,851 2050,154 1405,382 1231,337 4160,923 989,927 49,294 109,598 421,643 756,706 67,895 121,848 578,074 1037,446 112,344 306,92* 956,530 2613,24( Total U. S. Government securities 23,854,808 1317,358 6,062,580 1451,851 2050,154 1405,382 1231,337 4160,923 989,927 578,074 1037,446 956,530 2613,24( Total loans and securities 24,504,577 1354,958 6,150,802 1516,592 2096,279 1435,367 1282,762 4326,645 1023,412 604,816 1099,106 964,538 2649,30( Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 1,133,446 2,520,076 62,593 139,169 17,399,536 960,872 - 1 288,059 22 l 1/6 2 2 4,723,485 57,985 153,676 362,156 5,768 8,188 8767225 7,485 37,105 274,474 5,161 9,046 444,868 5,377 13,110 1 374,811 4,613 8,929 1 364,782 4,266 8,454 3 1 754,599 6,154 28,023 191,386 2,797 6,559 27,468 61,068 1 132,186 1,405 3,617 45,449 101,050 124,161 276,06c 697,687 1906,081 1 224,718 3,206 6,647 238,331 1,785 7,472 484,94< 9,961 l6,52( 50,998,978 2797,464 12,779,469 3046,897 4449,8l4 3ll6,24o 2599,314 8980,717 2095,123 1167,789 2246,917 2001,903 5717,33 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT CF CONDITION OF EACH FEDERAL RESERVE BnNK ON AUGUST 17, 1955 (in thousands of dollars) H,4.1(c) Chicago St.Louie Mpls. Kana.Cy. Dallas SanFran. Federal Reserve notes 25,990,669 1581,102 5,854,750 1779,068 2412,928 1893,937 1307,858 5072,541 1171,980 Deposits: Member bank-reserve accts. 18,613,821 783,512 5,365,596 872,000 1475,868 786,895 871,973 3003,652 665,508 U.S.Treasurer-general acct. 542,416 127,982 34,518 32,050 53,745 34,418 36,704 47,449 35,312 Foreign 27,000 1/138,971 32,850 40,950 22,500 19,350 63,000 17,100 457,596 Other 312.162 1.750 5.531 7.525 L 547,443 1038,776 716,532 2613,754 L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich, Atlanta 430,068 932,674 966,945 2459,130 29,732 11,250 858 31,411 17,100 38,549 21,150 1.085 40,546 46,375 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,009,351 3,840,732 846,866 299,273 5,944,711 655,316 14.667 922 3.984 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,855,419 2728,163 12,458,761 2964,019 4346,375 3055,715 2546,979 8819,481 2049,599 1137,667 2201,601 1947,677 5599,382 296,467 15,747 88,884 19,517 28,145 13,406 13,260 39,465 10,394 6,722 11,651 15,681 33,595 660,901 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 2,140 158.648 10.234 36.435 11.099 14.066 10.290 8.833 23.776 7.990 5.409 7.773 7.253 15.490 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 951,327 1569,192 854,477 925,123 3125,928 724,551 232,846 362,777 306,648 313,373 618,594 152,583 778 1.478 653 625 2.418 471,908 983,329 1027,729 2584,210 117,557 178,928 202,695 400,142 485 759 568 721 1.276 50,998,978 2797,464 12,779,469 3046,897 4449,814 3116,240 2599,314 8980,717 2095,123 1167,789 2246,917 2001,903 5717,331 25,214 3,297 1,512 2/7,372 1,839 193 2,293 727 1,260 11 1,084 87 3,528 12 630 958 958 2,267 1,184 2,596 FEDERAL RESERVE AGENTS * ACCOUNTS F, R t notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U, S, Govt, securities Total collateral 26,854,557 1636,231 6,022,622 1855,258 2503,235 1944,529 1364,482 5154,982 1215,645 588,300 1071,198 759,766 2738,309 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 60,990 — 27,735 240,901 34,900 31,775 17.055.000 1200,000 3.600.000 1200.000 1500.000 1300.000 1000.000 2900.000 910.000 28,428,901 1874,900 6,270,000 1985,990 2550,000 2002,735 1500,000 5300,000 1296,775 59,950 25,551 500.000 800.000 525.000 1620.000 700,551 1139,950 808,000 3000,000 1/ After deducting $318,600,000 participations of other Federal Reserve Banks, 2/ After deducting $ 17,842,000 participations of other Federal Reserve Banks.
@FedFRASER