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H.4.1
.BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM
For Immediate Release
August 4, 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 3 decreased #35 million to $18,910 million. The principal changes reducing
reserves were increases of $15million in Treasury deposits with Federal Reserve
Banks and $79 million in Money in circulation. The principal offsetting changes were
an increase of $132 million in Reserve Bank credit and decreases of $67 million in
Other F, R, accounts (net) and $17 million in Foreign deposits with Federal Reserve
Banks, Estimated average excess reserves of member banks for the week increased
$13 million to $619 million.
The increase of $132 million in average Reserve Bank credit for the week
resulted principally from an increase of $346 million in Member bank borrowings and
decreases of $113 million in Float, $53 million in U, S. Government securities
bought outright, and $43 million in U, S, Government securities held under repurchase
agreement.
As of Wednesday, August 3, holdings of U, S, Government securities bought
outright were $56 million lower than a week earlier, U, S. Government securities
held under repurchase agreement were $108 million lower, and Member bank borrowings
were $398 million higher. Holdings of certificates decreased $5,754 million and
notes increased a like amount, reflecting the exchange of certificates maturing
August 15 for Series B - 1956 notes.
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
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. 3. 1955 July 27. 19551 Aug. 4. 1954
(In millions of dollars
5r
23,982
62
11
- 53
- 43
741
40
802
25,638
21,682
5,003
52,323
+346
- 4
-113
+132
+ 1
+ 1
+134
30,236^
805-3
638
422
412
900
33,413
+ 79
+ 7
+158
- 17
+ 9
- 67
+169
18.910
18,291
619
- ?5
— 48
+ 13
—
-
+
+
+
-
+
+
—
+
+
+
+
-
-
+
+
+
-
343
62
11
670
65
149
484
226
• 4?
301
346
3
104
104
43
8
89
212
625
413
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
805
Treasury currency outstanding
5>003
Member bank) - Required (est.) 18,255
Money in circulation
30,238
reserves ) - Excess (est.)
633
On Aug, 3, 1955, U. S. Government securities held in custody by the
Federal Reserve Banks for foreign account were $3,290 million, an increase of
$43 million for the week and an increase of $233 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. 4,
July 27,
1954
19??
Aug. 3,
1955
ASSETS
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. 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
24,941,200
22
3,851,016
57,711
>99,612
50,660,590
+ 235,122
+ 445,046
- 124,726
+
33
+
31,576
+ 150,790
+ 432,691
+
4,047
+ 67,040
+ 040^526
25,969,408
+ 136,469
+ 415,223
18,887,643
31,414
+ 225,993
14,314
+
9,029
+ 189,294
- 117,574
740
+ 207,449
+ 154,152
20,161,104
833,137
20,994,241
221,716
395,072
946,925
471
11,296
1,261,146
2,520,076
17,399,536
2,801,750
23,982,508
-
+
LIABILITIES
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
428,573
400,120
20,400,162
3,147,687
14,064
49,531,321
ACCOUNTS
CAPITAL
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
296,394
660,901
27,543
144,431
50,660,590
683,826
1
1
2
12,868
29,651
4" 397,608
+
110
+
958
55,554
-5,,753,699
+5,753,699
-
—«»
-
*•
Ratio of gold certificate reserves to deposit
and F. R. note liabilities combined
Contingent liability on acceptances purchased
for foreign correspondents
Industrial loan commitments
+
+
+
-
55,554
108,000
163,555
109
48,768
150,790
-
+
+
+
•
+
342,604
-4,079,715
+4,370,515
290,800
342,604
-
- -
-
342,604
+
7,086
-
96,133
28,081
+ 37,024
+ 338,290
:
49
+
+
22,471
35,888
+ 790,46b
- * 8,321
+ 840,526
.9%
45.3$
25,105
3,259
205,998
17,417
223,415
102,789
12,328
776,939
585
11,296
2,103
259
+
16,70:
MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 3, 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
0vet 5 years to 10 years
Over 10 years
Total
Discounts and Industrial
advances
loans
997,56b
'
15
49,292
90
245
67
121
946,925
471
Acceptances
4,652
6,644
11,296
U. S. Government
securities
230,300
1,030,846
10,765,699
9,527,192
1,013,614
1.414.897
23,982,508
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 3, 1955
(In thousands of dollars)
H.4.1(b)
ASSETS
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 outright—
Bills
Certificates
Notes
Total
Held under repurchase
agreement
Total U. S. Government
securities
Total
Boston
20,161,104 1037,898
833,137
52,164
20,994,241 1090,062
221,716
395,072
946,925
471
14,685
56,529
19,925
••
11,296
——
New York
Phila»
Cleve;
Rich. Atlanta Chicago St.Louis
5,302,305 1204,554 1768>039 1185,301
170,363
374,696
45,652
24,100
50,909 149,021
5,472,668 1261,106 1841,102 1250,699
857,534 3860,695
11,296
73,063
806,625 3711,674 778,869
65,398
37,483
62,797
367,405
*—
56,552
13,411 13,427
22,995 4l,6o8
4l,76o 102,320
404
——
——
824,521 398,796
15,031
17,592
49,115
44,620
33,067
56,020
14,695
61,961
99,022
——
7,613
19,757
63,495
——
——
——
——
——
TOTAL ASSETS
Dallas SanFran.
863,373 711,451 2416,319
40,636
27,722
9
77.557
904,009 739,173 2493,876
12,609
6,531 14,791 26,820
9,145
12,192 l4,i82 43,247
27,505 49,515
17,723
53,120
67
——
——
——
—«
——
1,261,146 69,645
320,514 76,756 108,387
74,298 65,097 219,978 52,335 30,562
54,847 50,570
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
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
UVJ
1 V, JC.\J
y ( yd.
, VU<L
y yJCLL *tUUf (Ui,
CLV(
- > 1 vv
("• [
Of
i-cLl. f 0*r0i
- 1
23,982,508 1324,410 6,095,035 1459,623 2061,129 1412,905 1237,929 4183,197 995,226 581,168 1042,999 961,651
——
138,157
276,069
1906,084
.jUO f ycj
2627,236
23,982,508 1324,410 6,095,035 1459,623 2061,129 1412,905 1237,929 4183,197 995,226 581,168 1042,999 961,651 2627,236
Total loans and securities 24,941,200 1344,335 6,473,736 1501,787 2163,449 1462,020 1293,949 4282,219 1058,721
Due from foreign banks
Uncollected, cash items
Bank premises
Other assets
Mpls. Kans.Cy,
22
3,851,016
57,711
199,612
l l /
6
2
2#,866
7107859 238,890
5,767
7,484
5,161
10,668
48,825 11,897
2
1
1
3
1
353,252 302,151 280,402 6l4,330 163,619
5,360
4,568
4,266
6,149
2,797
17,222 11.751 10.791 36.257
8,491
608,740 1092,514 979,374 2680,356
1
1
X
2
111,182 193,726 200,728 383,011
1,326
3,206
1,680
9,947
4.736
8.627
9.105 21,242
50,660,590 2820,913 12,813,858 3055,249 4435,422 3063,813 2524,630 8876,309 2085,520 1146,535 2220,806 1959,034 5658,501
1/ After deducting $16,000 participations of other Federal Reserve Banks.
STATEMENT OP CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 3, 1955
(In thousands of dollars)
H,4.1(c)
IL I A..B I L I T J. E S
Total
Boston
New York
Phila,
CIeve.
Rich, Atlanta Chicago St.Louis
Mpls, Kans.Cy.
Dallas SanFran.
25,969,408 1613,884 5,835,380 1790,842 2402,207 1883,849 1305,305 5059,681 1167,963 551,968 1038,682 717,135 2602,512
Federal Reserve notes
Deposits:
Member bank-reserve accts. 18,887,643 804,808 5,597,410 880,893 1516,923 807,880 867,571 2945,424 677,571 427,928 916,419 969,111 2475,705
99,911 54,247 74,558 36,589 44,657 149,209 32,109 26,397 40,489 26,739 53,456
U . S,Treasurer-general acct. 683,826 45,465
428,573 25,140 1/131,896 30,587 38,129 20,950 18,017 58,660 15,922 10,475 15,922 19,693 43,182
Foreign
2.403 40.648
4.609
2.428
2.331 10.432
2,153
1.328
312.950 10.188
7.737
2.913
400.120
Other
20,400,162 876,741 6,142,167 975,915 1637,347 868,332 932,673 3155,624 736,034 466,953 977,439 1017,946 2612,991
Total deposits
515,548 205,732 291,895 251,258 234,361 499,788 136,047 97,404 159,432 169,770 325,568
Deferred avail, cash items 3,147,687 260,884
Other liabilities and
504
1.208
550
430
486
638
2.599
627
765
1.713
3.670
14.064
accrued dividends
J2k
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
49,531,321 2752,383 12,496,765 2973,254 4333,162 3004,066 2472,977 8717,692 2040,530 1116,755 2176,103 1905,355 5542,279
296,394 15,731
89,070 19,511 28,132 13,389 13,258 39,434 10,391
6,715 11,645 15,680 33,438
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
144.431
9.479
32.634 10.222 12.900
9.529
8.153 21.138
7.459
5.074
7.166
6.707 13.920
50,660,590 2820,913 12,813,858 3055,249 4435,422 3063,813 2524,630 8876,309 2085,520 1146,535 2220,806 1959,034 5658,501
25,105
3,259
1,506
—
2/7,334
—
1,832
255
2,284
627
1,255
11
1,079
87
3,514
12
954
628
954
2,267
1,180
2,585
FEDERAL RESERVE AGENTS' ACCOUNTS
F. R, notes outstanding
Collateral for F.R. notes:
Gold certificates
Eligible paper
U. S. Govt, securities
Total collateral
26,850,087 1642,583 6,015,422 1868,501 2506,479 1934,237 1360,090 5138,661 1218,670 591,391 1066,082 755,182 2752,789
11,208,000 640,000 2,670,000 800,000 1050,000 675,000 500,000 2400,000 355,000 175,000 280,000 283,000 1380,000
61,975 26,505 47,995
38,840
47,115
239,955 17,525
17.055.000 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
28,502,955 1857,525 6,270,000 2038,840 2550,000 2022,115 1500,000 5300,000 1326,975 701,505 1127,995 808,000 3000,000
l/ After deducting #296,652,000 participations of other Federal Reserve Banks,
2/ After deducting $ 17,771,000 participations of other Federal Reserve Banks,
@FedFRASER