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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release August 9, 1956 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 daily figures of member bank reserves for the week ending August 8 decreased $3 million to $18,588 million. Estimated required reserves decreased $88 million; and estimated excess reserves increased $85 million to $570 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $347 million, compared with $205 million the week before. The principal changes reducing average reserves were a decrease of $217 million in Federal Reserve float, and increases of $58 million in money in circulation and $35 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $227 million in member bank borrowings and $26 million in gold stock, and a decrease of $72 million in "other" F.R. accounts (net). Total Reserve Bank credit increased $10 million. As of Wednesday, August 8, holdings of U. S. Government securities bought outright and those held under repurchase agreement were unchanged from a week earlier and member bank borrowings were $295 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 Averages of daily figures Change from week ending For week ending Aug. > 8,-1956 Aug. 1, 1956IAug. 10, 1955 (In millions of dollars) 23,418 — 18 — — -565 -- - 72 • - ~ ~ 917 1 829 25,182 21,855 5,035 52,071 +227 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) 30,633 769 530 319 284 949 33,484 + 58 Member bank reserves— Required reserves (estimated) Excess reserves (estimated) 18,588 18,018 - 3 - 88 570 mm mm -217 + 10 + 26 + 1 + 36 + + + + 3 11 35 11 72 4o + 85 + 6 - 1 + 69 - 40 +202 -402 +173 + 32 -196 +348 - 31 -116 -115 -112 + 64 + 39 -236 -1^5 - 91 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 21,855 Treasury cash holdings 773 Treasury currency outstanding 5,035 Member bank) - Required (est.) 18,001 Money in circulation 30,647 reserves ) - Excess (est.) 242 On August 8, 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,703 million, an increase of $24 million for the week and an increase of $396 million from the comparable http://fraser.stlouisfed.org/ date a year ago. Federal Reserve Bank of St. Louis H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Aug. 10, Aug, 1, 1956 1955: Aug. 8, 1956 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances—bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,321,393 852,601 21,173,99% 309,972 386,211 717,336 939 17,113 Total loans and securities Due from foreign "banks Uncollected cash items Bank premises Other assets TOTAL ASSETS - + • - + - 25,002 2,180 22,822 25,468 10,939 295,251 22 + + + + + + + + 175,042 9,032 184,074 101,386 28,694 152,057 469 4,854 - 731,776 +8,4l2,623 -8,245,623 529,370 10,932,699 9,153,913 2,801,750 23,417,732 - - 564*776 23,417,732 H - 564,776 407,396 24,153,120 + 295,229 - 4,089,957 69,721 214,138 50,397,135 + + - 501,299 36 12,135 207,484 + 339,195 11,888 + +_ + 262,315 26,400,675 + 36,697 22 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES + 18,242,973 560,818 277,149 273,418 19,354,358 3,410,671 14,306 49,180,010 C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + - + - + - 317,534 693,612 27,543 178,436 50,397,135 + 46.3$ 49,614 2,483 79,320 55,966 17,601 6,555 34,400 219,822 403 217,122 w •» 66 + 437,820 + + + 253,429 61,568 181,796 116,757 490,414 234,542 92 182,040 + + 20,932 32,711 + - - — 9,572 207,484 + + + .1# + + + 1,692 63 + + - - 26,633 262,316 24,427 777 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST 8, 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 Total Discounts and advances 710,020 7,114 202 7177335 Industrial loans 1 167 440 331 939 Acceptances 6,798 10,315 17,113 U. S. Government securities 142,470 386,900 19,372,764 1,087,127 1,013,614 1,414,857 23,417,732 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 8, 1956 Total Philadelphia Cleveland Boston New York 20,321,393 973,711 5,323,703 1055,157 1780,592 1275,485 852,601 58,885 Richmond Atlanta Chicago St. Louis Minneapolis 833,774 370,904 849,603 Kansas City Dallas San Francisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 21,173,994 1032,596 176,342 61,189 73,956 70,837 5,500,045 1116,346 1854,548 1346,322 908,267 3668,836 50,721 154,312 42,790 23,217 42.374 958,988 3823,148 876,564 394,121 891,977 748,177 2533,184 25,796 72,182 773,973 2605,366 F.R. notes of other Banks Other cash 309,972 386,211 28,179 28,969 47,711 86,517 40,365 23,951 20,916 40,015 26,657 17,753 42,677 31,641 22,323 57,000 8,886 22,402 19,729 8,887 8,666 11,602 15,837 14,196 28,026 43,278 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 717,336 939 34,859 300 94,305 82,495 588 107,410 38,979 54,695 139,450 50,550 25,035 51 67,890 12,543 9,125 17,113 17,113 29,097 529,370 10,932,699 600,927 9,153,913 503,154 2.801.750 154,001 23,417,732 1287,179 - - — * — - - — - - — — — T— " — 31,810 27,221 133,230 45,787 32,593 2,751,520 656,957 945,602 673,115 562,148 2,303,839 550,068 791,749 563,597 470,685 705,139 168,360 242,332 172.501 144.063 5,893,728 1407,195 2025,470 1441,806 1204,117 — - - - - - 92,360 1907,450 1597,102 488,827 4085,739 22,101 456,440 382,176 116.973 977,690 — — - - — - - -** 11,957 22,937 246,937 473,714 206,759 396,639 63.283 121.400 528,936 1014,690 - - 21,039 59,238 434,509 1223,380 363,813 1024,332 111,353 313,518 930,714 2620,468 - — — — Total U. S. Govt. sees. 23,417,732 1287,179 5,893,728 1407,195 2025,470 l44l,806 1204,117 4085,739 977,690 528,936 1014,690 930,714 2620,468 Total loans & securities 24,153,120 1322,338 6,005,146 1490,278 2132,880 1480,785 1258,812 4225,189 1028,240 554,022 1082,580 943,257 2629,593 1 118,106 4,459 4.777 1 199,708 3,344 9.157 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS l/ After deducting $16,OOO 22 4,089,957 69,721 214.138 1 329,949 5,417 11,508 1/ 6 708,402 8,612 51.961 2 271,033 4,893 12.452 2 357,201 7,264 18.584 1 320,368 6,792 13.009 1 328,713 3,998 11.803 3 646,041 5,948 39,615 1 169,870 3,900 8,622 1 191,328 4,125 9.054 2 449,238 10,969 23.596 50,397,135 2758,957 12,408,400 2959,320 4431,410 3211,687 2636,633 8819,267 2118,485 1104,102 2199,333 1959,473 5790,068 participations of other Federal Reserve Banks. H.4.1(c) Total L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reserves U.S.Treas.-gen. acct. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH AUGUST 8, 1956 (In thousands of dollars) St. Phila- CleveRichmond Atlanta Chicago Boston i Hew York Louis land delphia 2 6 , 4 0 0 , 6 7 5 1589,695 6 , 0 4 7 , 0 2 9 1741,514 2 4 6 5 , 2 8 1 2008,966 1308,804 5117,628 1179,782 1 8 , 2 4 2 , 9 7 3 742,492 47,386 560,818 15,871 277,149 2,878 273,418 1 9 , 3 5 4 , 3 5 8 "808,627 5,159,753 60,877 1/ 85,058 199,292 5,504,980 287,270 516,567 Minneapolis Kansas City 509,057 1051,106 Dallas 708,265 846,072 1476,389 30,655 46,015 19,368 24,479 10,213 1,089 9 0 6 , 3 0 8 1547,972 801,260 49,549 13,719 2,892 867,420 918,896 2899,528 665,057 49,207 64,883 38,643 11,836 37,660 10,222 1,432 4,093 6,630 9 8 1 , 3 7 1 3006,164 720,552 421,959 32,630 6,725 673 461,987 878,449 951,819 47,683 47,922 10,222 13,719 3,935 1,341 940,289 1014,801 224,116 270,013 289,712 101,071 158,868 519,692 169,806 2673,543 2481,299 45,368 28,27c 38,950 2593,887" 175,267 391,679 1,094 3,784 608 1,786 615 703 2,569 484 466 531 537 14,306 4 9 , 1 8 0 , 0 1 0 2686,686 1 2 , 0 7 2 , 3 6 0 2872,546 4321,649 3147,014 2580,590 8646,053 2070,624 1072,581 2150,794 1898,870 1,129 5660,243 Capital paid in 42,425 12,741 14,740 10,901 17,445 7,052 20,432 30,330 14,575 16,311 91,837 317,534 Surplus (Section 7) 3 0 , 8 4 1 101,894 27,649 25,960 17,586 33,847 35,012 41,667 62,563 195,827 49,491 693,612 Surplus (Section 13b) 1,006 762 1,429 1,307 521 1,073 4,489 1,137 3,011 3,349 7,319 27,543 8,004 Other capital accounts 5,810 8,701 27,466 15,862 8,790 9,700 11,282 12,362 11,737 41,057 178,436 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 5 0 , 3 9 7 , 1 3 5 2758,957 1 2 , 4 o 8 , 4 o o 2959,320 4431,410 3211,687 2636,633 8819,267 2118,485 1104,102 2199,333 1959,473 Conting. liab. on acceptances purchased for 2 , 9 2 6 2 / 14,199 3,571 4,514 2,530 2,182 6,944 1,885 1,240 1,885 2,530 49,6l4 foreign correspondents 38,745 71,275 2, l 4 0 17,665 3,410,671 306,610 j San (Francisco CAPITAL ACCOUNTS F. R. notes outstanding 2 7 , 2 8 8 , 2 8 9 1651,553 Collat. for F. R. notes: Gold certificate acct. 11,498,000 580,000 Eligible paper —200,935 U. S. Govt, securities 1 6 , 9 8 5 , 0 0 0 1200,000 Total collateral 2 8 , 6 8 3 , 9 3 5 1780,000 l/ After deducting $ 1 9 2 , 0 6 6 , 0 0 0 participations 2 / After deducting $ 3 5 , 4 1 5 , 0 0 0 participations FEDERAL RESERVE AGENTS' ACCOUNTS 6 , 2 3 1 , 2 1 8 1817,760 2555,679 2060,539 1366,029 5204,585 1225,908 5,208 742,320 2796,819 650,000 1090,000 845,000 500,000 2300,000 450,000 150,000 2 8 0 , 0 0 0 283,000 82,495 — -— — — 50,550 — 67,890 3 , 6 0 0 , 0 0 0 1200,000 1500,000 1300,000 1000,000 3000,000 900,000 4 6 0 , 0 0 0 8 0 0 , 0 0 0 525,000 6 , 4 7 0 , 0 0 0 1932,495 2590,000 2145,000 1500,000 5300,000 i 5 b c , 5 5 0 6 1 0 , 0 0 0 1147,890 808,000 1500,000 2,870,000 of other Federal Reserve Banks. of other Federal Reserve Banks. 556,312 1079,567 5790,068 1500,000 3000,000
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