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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release August 25, 1955 MEEKLY 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 24 decreased $84 million to $18,673 million. The principal changes reducing reserves were increases of $87 million in Treasury deposits with Federal Reserve Banks and $36 million in Other F, R. accounts (net), and a decrease of $70 million in Reserve Bank credit. The principal offsetting changes were decreases of $59 million in Foreign deposits with Federal Reserve Banks and $48 million in Money in circulation. Estimated average excess reserves of member banks for the week decreased $22 million to $570 million. The decrease of $70 million in average Reserve Bank credit for the week resulted principally from decreases of $95 million in U. S, Government securities bought outright, $62 million in Member bank borrowings, and $10 million in Other loans, discounts, and advances, and an increase of $97 million in Float, As of Wednesday, August 24, holdings of U, S, Government securities bought outright were $59 million lower than a week earlier and Member bank borrowings were $185 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 Week Ending Change from Week Ending Aug. 24. 1955 Aug. 17. 19551 Aug. 25. 1 % A (In millions of dollars) 23,796 15 — — - 95 w — + 49 66 — + - 2 1 689 36 891 25,425 21,682 _L001 52,112 ±_2.. - 68 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) 30,288 803 594 415 393 946 33,440 — + + + + Member bank reserve balances— Required reserves (estimated) Excess reserves (estimated) 18,673 18,103 570 — 84 - 62 - 22 — 62 - 10 + 15 + 601 55 193 735 176 44 603 - + 97 + - 70 + — — 48 6 87 59 7 36 16 - + + + - + - — + + + 4 - 438 4 28 142 57 19 284 320 476 156 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 809 Treasury currency outstanding 5,005 Member bank) - Required (est,) 18,081 Money in circulation 30,232 reserves ) - Excess (est.) 134 On August 24, 1955, U, S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,384 million, an increase of $58formillion Digitized FRASER for the week and an increase of $372 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Aug. 17, Aug. 25, 1955 1954 Aug. 24, 1955 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,135,353 851,255 20,986,608 236,080 366,510 433,473 527 14,444 1,074,346 2,520,076 17,399,536 2,801,J50 23,795,708 ~ + - + + - 998 849 149 20,6l4 9,500 198,812 5 + 1 2,509 59,100 — -- - 59,100 «»«• Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS • + - + 14,444 . 28,804 -4,079,715 +4,370,515 290,800 28,804 83,800 112,604 - 59,100 24,244,152 - 260,425 + 22,339 59,876,445 899,018 + 103 + 6,842 -1,122,533 + + + + 413,714 4,390 27,594 367,144 25,943,677 - 3,824,467 58,088 160,518 18,214,688 585,162 409,934 376,698 19,586,482 3,181,938 14,589 48,726,685 C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS - + 191,751 6,779 184,972 94,042 9,963 120,614 115 23,795,708 22 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank—reserve accounts U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES - + 296,652 660,901 • 46,992 + 475,850 399,133 42,746 47,662 18,820 422,869 658,794 78 -1,128,733 364,619 10,765 ~ 151,977 40,434 567,815 + 408,028 725 + 315,338 + + + + 185 -- 27,543 164,663 49,876,445 + 6,015 -1,122,533 46.1# .5$ Ratio of gold certificate reserves to deposit and F. R, note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 27,140 3,359 + + 1,926 62 - - - + 21,753 35,888 5,835 .3$ + + 21,846 581 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST 24, 1955 I (Acceptances and securities held under repurchase agreement are classified as featuring within 15 days in accordance with maximum maturity of the agreements.) Within 15 days IB days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Discounts and advances 401,286 32,120 67 Industrial loans 433,473 527 IT 90 302 Acceptances 7,105 7,339 119 14,444 U. S. Government securities 160,600 913,746 18,205,764 2,087,127 1,013,614 3.414.857 23,795,708 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 24, 1955 (In thousands of dollars) H.4.l(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 U. S. Govt, securities: Bought outrightBills Certificates Notes Bonds Total Held under repurchase agreement Total U, S. Government securities Total Boston 20,135,353 974,530 851,255 51,713 20,986,608 1026,243 236,080 366,510 433,473 527 14,338 26,751 28,550 14,444 New York Phila. Cleve. Rich. 5,248,663 1160,725 1824,795 1197,602 178,834 59,515 74,393 73,160 5,427,497 1220,240 1899,188 1270,762 44,472 69,043 66,812 —— lU j -4-UU 13,852 19,371 54,837 46l —— 9,311 42,897 28,727 —* -— 14,267 19,979 54,578 •• —— Atlanta Chicago St.Louis 824,617 3741,703 50,527 Mpls. Kans.Cy. 868*709' 380,023 836,159 148,357 45,457 24,039 40,474 875,144 3890,060 854,166 404,062 876,633 9,133 20,643 13,003 10,024 7,811 24,518 66 10,738 12,231 36,153 49,542 28,855 52,002 19,126 59,496 40,980 -- — - - Dallas SanFran. 708,872 2428,955 27,585 77,201 736,457 2506,156 15,298 13,586 19,557 25,979 45,847 13,756 -- 1,074,346 59,329 273,039 65,388 92,333 63,293 26,036 44,583 55,455 187,395 46,723 43,079 117,693 2,520,076 139,169 640,465 153,376 216,583 148,469 130,082 439,569 104,578 61,068 109,598 101,050 276,069 17,399,536 960,872 4,422,005 1058,971 1495,368 1025,076 898,129 3034,949 722,046 421,643 756,706 697,687 1906,084 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 23,795,708 1314,094 6,047,560 1448,255 2045,075 1401,900 1228,28? 4150,614 987,474 576,642 1034,875 954,160 2606,772 6,047,560 1448,255 2045,075 1401,900 1228,287 4150,6l4 987,474 576,642 1034,875 954,160 2606,772 Total loans and securities 24,244,152 1342,644 6,128,816 1503,553 2073,802 1456,478 1280,289 4191,594 1000,477 601,226 1071,028 973,717 2620,528 Due from foreign banks Uncollected cash items Bank premises Other assets 1 113,917 1,405 3,830 1 223,097 1,785 7,705 TOTAL ASSETS 23,795,708 1314,094 22 3,824,467 58,088 160,518 1 277,580 5,735 8,517 1/ 6 6767856 7,485 38,736 2 231,655 5,139 9,407 2 348,786 5,370 13,751 1 315,289 4,659 9,304 1 3 301,183 613,996 4,273 6,154 8,867 29,332 1 156,682 2,796 6,871 1 203,602 3,295 6,922 2 361,824 9,992 17,276 49,876,445 2701,809 12,392,911 3003,219 4393,107 3090,739 2548,154 8809,761 2050,769 1142,276 2184,450 1971,646 5587,604 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 24, 1955 (in thousands of dollars) H.4.1(c) T, I A B I L I T I E S Total Chicago St.Louis Mpls. Kans.Cy, Dallas SanFran, 5,850,738 1781,825 2411,700 1895,130 1303,586 5064,930 1169,958 544,499 1032,009 712,147 2596,603 5,168,979 84,139 1/125,293 852,195 1466,952 51,483 74,302 29,346 36,582 808,009 39,481 20,100 875,330 2936,037 37,610 73,156 17,286 56,280 646,098 38,994 15,276 410,285 41,315 10,050 894,577 29,555 15,276 956,978 2447,057 35,102 40,825 18,894 41,431 817,354 233,418 5,686,260 529,795 942,852 1583,382 194,538 292,523 869,160 264,853 931,198 3067,341 259,994 512,830 707,730 126,767 462,920 104,112 940,108 1011,869 2566,308 166,113 192,359 304,636 939 3.841 498 487 Boston Federal Reserve notes 25,943,677 1580,552 Deposits: Member bank-reserve accts, 18,214,688 752,191 UiS*Treasurer-general acct, 585,162 39,200 Foreign 409,934 24,120 Other Total deposits 19,586,482 Deferred avail, cash items 3,181,938 Other liabilities and accrued dividends 14.589 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments New York Phila* 710 CIeve. 1.518 Rich, 748 Atlanta 750 2.278 608 820 1.392 48,726,686 2632,263 12,070,634 2919,925 4289,123 3029,891 2495,528 8647,379 2004,953 1112,018 2138,838 1917,195 5468,939 296,652 15,771 88,899 19,555 28,145 13,406 13,262 39,501 10,394 6,720 11,652 15,681 33,666 660,901 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 2,140 164.661 10.455 37.989 11.477 14.611 10.613 9.122 24.886 8.282 5.547 8,068 7.478 16.135 49,876,445 2701,809 12,392,911 3003,219 4393,107 3090,739 2548,154 8809,761 2050,769 1142,276 2184,450 1971,646 5587,604 27,140 3,359 1,626 2/7,953 1,978 197 2,466 787 1,355 11 1,165 85 3,794 12 1,030 678 1,030 1,274 2*791 2,267 FEDERAL RESERVE AGENTS' ACCOUNTS F, R, notes outstanding 26,889,665 1637,919 6,028,038 1855,798 2509,004 1955,442 1361,637 5149,374 1231,327 Collateral for F.R, notes: Gold certificates 11,133,000 640,000 2,670,000 725,000 1050,000 675,000 675,000 500,000 2400,000 355,000 725,000 1050,000 Eligible paper 202,646 26,650 11,800 52,525 — 52,995 U, S, Govt, securities 17.055.000 1200.000 3.600.000 1200.000 1500.000 1300.000 1000.000 2900.000 910^000 Total collateral 28,390,646 1866,650 6,270,000 1977,525 2550,000 2027,995 1500,000 5300,000 1276,800 586,892 1066,780 760,195 2747,259 175,000 280,000 283,000 1380,000 23,726 34,950 500.000 800.000 525.000 1620.000 698,726 1114,950 808,000 3000,000 l/ After deducting $284,616,000 participations of other Federal Reserve Banks, 2/ After deducting $ 19,187,000 participations of other Federal Reserve Banks,
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