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H.U.I BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release August 30, 1%6 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of daily figures of member bank reserves for the week ending August 29 decreased $234 million to $18,883 million. Estimated required reserves decreased $76 million; and estimated excess reserves decreased $158 million to $497 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $438 million, compared with $223 million the week before. The principal changes reducing average reserves were a decrease of $342 million in Federal Reserve float, and increases of $25 million in foreign deposits with Federal Reserve Banks and $l6 million in "other" deposits with Federal Reserve Banks. The principal offsetting changes were increases of $57 million in member bank borrowings and $48 million in Federal Reserve holdings of U. S. Government securities, and a decrease of $36 million in money in circulation. Total Reserve Bank credit decreased $238 million. As of Wednesday, August 29, holdings of U. S. Government securities bought outright were $152 million higher than a week earlier and member bank borrowings were $337 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 advancee-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 reserves-Required reserves (estimated) Excess reserves (estimated) * Less than $500,000 Averages, of daily figures For week ending Change from week ending Aug. 29. 1956 Aug. 22. 19561Aug. 31. 1955 (In millions of dollars) 23,592 30 +146 - 98 + 30 18 + 1 + * + 3 + * 935 1 + 57 +195 - 30 * 829 25,404 -342 -238 -169 +158 +187 + l + 4 -233 +175 776 481 318 + 944 33,420 + +350 - 27 + 2 - 81 -112 - 2 +130 18,883 18,386 -234 - 76 21,857 5,041 52,303 30,618 282 497 36 2 4 25 + 16 — — 1 -158 + 36 +399 +269 +256 + 13 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 21,857 Treasury cash holdings 781 Treasury currency outstanding 5,042 Member bank) - Required (est.) 18,375 Money in circulation 30,630 reserves ) - Excess (est.) - 55 On August 29, 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,653 million, a decrease of $23 million for the week and an increase of $280 million from the comparable date Digitized FRASER a for year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Aug. 31, Aug. 22, 1955 1956 Aug. 29, 1956 A SgETS Gold certificate account 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 20,321,392 847,445 21,166,837 344,123 389,894 469,682 901 18,615 662 a* mm - + - - 1,501 662 - + + + - + + + 176,040 104 "175,936 129,886 27,703 323 316 4,197 662 -8,245,623 23,695,882 + 151,650 -- 64,526 23,695,882 + 151,650 - 64,526 24,185,742 - 182,720 4,146,839 - 498,949 + 248 + 11,358 - 666,136 + + + 26,415,199 + 20,413 + 411,502 18,319,893 489,847 - 439,031 - 47,782 + 96,352 - 24,801 - 119,649 95,880 + 267 171 + 3,101 + 585,894 22 70,558 249,387 50,555,402 362,388 263,608 19,435,736 3,440,814 17,951 49,309,700 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 5,141 336,504 29 + 151,650 10,932,699 9,153,913 LIABILITIES Federal Reserve notes Deposits; Member bank reserves U, S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 11,876 + + 807,520 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 2,808 2,808 317,979 693,612 27,543 206,568 50,555,402 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + 63,671 58,545 + 11,566 - 432,591 - 265,330 1,705 - 675,803 166 + 9,501 - 666,136 59,674 + + 308,020 12,542 81,293 675,70( 21,107 32,711 i. 35^994 + 675,706 46.2# 51,081 ....2.,,,.506. 1,331 l + 23,895 911 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST 29. 1956 (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 http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Discounts and Industrial loans advances 462,360 3 385 7,137 185 91 422 469,682 901 Acceptances 4,981 14,296 19,277 U. S. Government securities 165,680 641,840 19,372,764 1,087,127 1,013,614 1,414,857 23,6957382 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 29, 1956 H.4.l(b) Philadelphia Cleveland St. Louis Minneapolis Kansas City Dallas 856,773 3649,669 788,887 348,279 813,647 755,422 2565,866 50,484 153,815 42,636 23,175 42,246 907,25 7 3803,484 831,523 371,454 855,893 Richmond Atlanta Boston New York 20,321,392 924,826 5,461,055 1077,840 1803,487 1275,641 847,44$ 58,618 21,168,837 983,444 344,123 389,894 37,227 30,896 Total Chicago San Francisco ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F.R. notes of other Banks Other cash 175,260 60,739 73,496 69,385 5,636,315 1138,579 1876,983 1345,026 25,710 71,881 781,132 2637,747 17,092 38,369 24,004 20,562 46,043 31,653 24,567 52,479 11,225 22,469 22,529 9,999 11,584 12,050 16,998 13,361 34,288 45,676 -Discounts and advances 41,445 469,682 48,650 39,285 28,375 Industrial loans — 300 901 552 Acceptances : -Bought outright 18,615 18,615 field under rep. agree. 662 662 S. Govt, securities: Bought outright— Bills 48,524 44,386 203,234 69,845 807,520 Certificates 10,932,699 600,927 2,7 51*520 656,957 945,602 Notes 9,153,913 503,154 2,303,839 550,068 791,749 Bonds 2.801.750 154,001 , 795,139 168,360 242.132 Total 23,695,882 1302,468 5,963,732 1423,909 2049,528 Held under rep. agree. 41,724 35,000 117,315 32,485 15,491 49 45,472 16,340 8,100 56,044 85,444 42,522 26,936 — - - " — 41,522 140,889 33,714 18,240 34,990 49,719 32,094 90,363 673,115 562,148 1907,450 456,440 246,937 473,714 434,509 1223,380 563,597 470,685 1597,102 382,176 206,759 396,639 363,813 1024,332 63.283 121.400 111,353 313,518 .172.501 144.063 468.827 116.971 1458,932 1218,418 4134,268 989,303 535,219 1026,743 941,769 2651,593 Total U. S. Govt, sees. 23.695.882 1102.468 5.961.712 1421.909 2049.528 1458.912 12l8.4l8 4114.268 989.101 539.219 1026.743 941.769 2651.591 Total loans & securities 24,185,742 1331,143 6,031,659 1465,906 2088,813 1500,656 1253,418 4251,583 1021,788 550,759 1072,215 958,109 2659,693 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 1 4,146,839 70,558 249,387 321,531 5,385 13,388 1/ 6 7657475 8,751 60,821 2 264,853 4,871 14,618 2 411,910 7,394 21,571 1 324,832 6,984 15,246 1 3 303,698 654,388 3,986 5,951 13,654 45,382 1 168,300 4,063 10,101 1 109,973 4,593 5,596 1 195,769 4,170 10,6l6 1 212,930 3,427 10,644 2 413,180 10,983 27,750 50,555,402 2723,015 12,644,515 2958,287 4462,134 3237,311 2559,710 8837,837 2069,470 1074,904 2162,298 1996,602 5829,319 l/ After deducting $16,000 participations of other Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 29, 195& (in thousands of dollars) Total Boston New York Richmond Atlanta Daila8 Chicago Francisco L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S.Treas.-gen. acct. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 26,415,199 1582,829 6,076,755 1726,505 2468,092 2034,986 1304,675 5125,011 1171,636 18,319,893 489,847 362,388 263,608 19,435,736 739,733 32,381 20,886 3,259 796,259 5,249,003 80,201 1/109,607 ~ 188,813 5,627,624 3,440,814 269,149 591,916 502,820 1050,293 708,246 855,950 1454,791 799,277 38,042 39,701 38,561 25,488 32,214 18,054 9,633 1,394 2,134 929,113 1520,100 858,026 885,111 2874,898 661,946 410,706 37,624 63,677 25,196 18,731 15,576 49,560 13,452 8,850 1,068 1,465 8,247 1,566 939,379 29*39,600 708,841 439,853 848,457 989,965 36,304 33,169 13,452 18,054 1,644 1,559 899,857 1042,747 213,290 257,437 161,609 351,809 276,864 541,704 139,354 99,607 2663,351 2550,056 46,260 37,195 42,826 2676,337 183,04l 355,034 1,040 4,683 849 1,886 1,147 807 3,118 659 492 740 824 17,951 49,309,700 2649,277 12,300,978 2869,757 4349,807 3171,023 2502,290 0659,433 2020,490 1042,772 2112,499 1934,858 1,706 5696,420 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. 17,529 33,84? 1,307 9,06l 38,8o4 71,275 2,140 20,672 50,555,402 2723,015 12,644,515 2958,287 4462,134 3237,311 2559,710 8837,837 2069,470 1074,904 2162,298 1996,602 5829,319 317,979 693,612 27,543 206,568 16,355 41,667 3,011 12,705 30,358 62,563 1,006 18,320 14,595 35,012 3,349 13,332 14,790 30,841 762 11,019 42,454 101,894 1,429 32,627 10,910 27,649 521 9,900 3,715 4,696 2,632 2,270 7,224 1,961 79 193 •* •106 — FEDERAL RESERVE AGENTS' ACCOUNTS 6,296,423 1012,315 2552,420 2095,312 1365,322 5207,347 1219,560 7,062 17,586 1,073 6,411 1,290 12,787 25,960 1,137 9,915 5,4l8 —— 552,791 1079,99% Y%i,j4U F. R. notes outstanding 27,365,963 1647,438 Co11at. for F. R. notes: Gold certificate acct. 11,498,000 580,000 2,870,000 650,000 1090,000 845,000 500,000 2300,000 450,000 150,000 280,000 283,000 —— —— 34,445 —— — —— —— 32,485 45,472 Eligible paper 112,402 U. S. Govt, securities 16,985,000 1200,000 3,600,000 1200,000 1500,000 1300,000 1000,000 3000,000 900,000 460,000 800,000 525,000 Total collateral 28.595,402 1780,000 6.470.000 1804,445 2590.000 2145,000 1500,000 5300,000 1382,485 610,000 1125,472 808,000 l/ After deducting $252,756,000 participations of other Federal Reserve Banks. 2/ After deducting $36,843,000 participations of other Federal Reserve Banks. *795,595 2/ 14,238 —— 20,440 49,491 4,489 14,110 2,632 -• 51,081 2,506 3,044 — 91,895 195,827 7,319 48,496 1,961 2,128 1500,000 —— 1500,000 3000,000
@FedFRASER