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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release December 1, 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 November 30 decreased $242 million to $18,794 million. Estimated Required reserves decreased $69 million; and estimated Excess reserves decreased $173 million to $442 million. Member bank borrowings at the Federal Reserve Banks exceeded Excess reserves by $528 million. The principal changes decreasing reserves were a decrease of $46? million in Federal Reserve float and an increase of $138 million in Money in circulation. The principal offsetting changes were increases of $159 million in Member bank borrowings and $113 million in Federal Reserve holdings of U. S. Government securities, and a decrease of $93 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $196 million. As of bought outright securities held bank borrowings Wednesday, November 30, holdings of U. S. Government securities were $103 million higher than a week earlier, U. S. Government under repurchase agreement were $26$ million higher, and Member were $170 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 Loans, discounts and advances-Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Money in circulation T r e a s u r y cash holdings T r e a s u r y deposits with F. R. Banks Foreign deposits with F. R. Banks Otir.er deposits with F. R. Banks O t h e r F. R. accounts (net) Member bank reserve balances-Required reserves (estimated) Excess reserves (estimated) Weekly Averages of Daily Figures Week Ending f Change from"Week Ending Nov. 30> 19551 Nov. 23, 19551 Dec. 1, 1954 fin millions of doliarsJ 23,903 98 17 970 4 1,019 25,012 21,688 5,008 + 15 91 17 +159 - 2 + 644 -467 -196 + 1 mm m* -195 30,96^3 782"! +138 - 1 - 93 + 4 399 398 935 33,914 18,794 812 + + 52,705 439 - + 98 • 4* + - + + + — + 168 321 94 22 26 98 496 24 166 + 47 + 3 7 54 356 - 1 - - — 18,352 - 69 -242 - 258 442 -173 - 146 - 112 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 21,688 Treasury cash holdings 783 Treasury currency outstanding 5,008 Member bank) - Required (est.) 18,386 Money in circulation 30,988 reserves ) - Excess (est.) 88 On November 30, 1955, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $ 3 , 5 5 8 million, an increase of $lb million for the •week and an increase of $556 million from the comparable date Digitizedaforyear FRASER ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Nov. 23, Dec. 1, 1955 1954 Nov. 30, 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 U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities . 20,138,351 863,750 21,002,101 227,338 325,148 + + 103,000 - + + 618,329 - 704 17,493 1,269,846 2,520,076 - - - 17,399,536 - - w 2,801,750 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 - + + + + + 27,752 126 27,878 91,274 5,380 241,567 97 17,493 897,154 -4,079,715 +4,370,515 - 290,800 265,160 24,256,368' 265,160 368,160 + 265,160 - 631,99% 24,892,894 + 191,075 - 372,837 22 4,487,715 60,407 200,942 51,196,567 - — «• - 897,154 *# 263,080 482,888 + 6,068 - 23 10,274 60,664 + 3,591 181,304 26,629,284 + 49,426 + 519,195 18,474,149 476,841 _ 58,675 2,026 3,412 31,943 25,346 90,672 202 66,794 407,615 411,766 19,770,371 3,604,599 20,280 50,024,534 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 103,000 - + + + 23,991,205 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 2 3,252 3,254" 2,349 1,995 177,568 29 512 - - + - + + - - • + + - + 469,572 264,795 21,363 21,967 691,037 298,709 4 - + 126,863 300,220 + 55 + + 16,173 35,888 27,543 183,369 51,196,567 + 6,075 60,664 + + 2,380 181,304 + .1# + 8,287 407 660,901 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments — — - 45.3# 27,234 2,339 - 500 27 — — MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 30, 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 l6 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 610,079 8,209 41 616,329 Industrial loans 33 Acceptances 5,163 12,330 70F 17,493 12 8? U. S. Government securities 6,123,059 1,165,646 12,952,065 1,587,127 1,013,614 1,414,857 24,256,368 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 30, 1955 (In thousands of dollars) H.4.l(h) A S S E T S Gold certificates Redemption fund for F . E. notes Total gold certificate reserves Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 20,138,351 958,180 5,028,787 1186,686 1808,178 1232,217 876,725 877,472 339,994 728,402 702,968 2563,426 863,750 51,969 182,474 60,564 75,848 74,807 3785,314 , 49,070 155,769 44,696 23,790 4l,884 27,058 75,821 5,211,261 1247,250 1884,026 1357,024 925,795 3941,083 922,168 363,784 770,286 18,782 8,581 17,652 21,002,101 1010,149 227,338 325,148 618,329 16,183 2,520,076 139,169 17,399,536 960,872 2,801,750 154,724 23,991,20a 1324,891 265,160 — Total U. S. Government securities 24,256,368 1324,891 6,362,406 1460,153 2061,876 1413,418 Total loans and securities 24,892,894 1484,136 2090,996 1472,043 1309,531 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 704 17>^93 1,269,846 43,116 61,358 22,902 13,025 — 79,085 — — 17*^93 70,126 1337,916 22 4,487,715 60,407 200,942 l 355,641 51,196,567 2759,218 5,638 10,788 18,244 17,713 23,340 643 8,631 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 Bonds Total Held under repurchase agreement 31,593 29,120 — 19,991 18,472 58,625 — 37,152 27,710 71,153 -- 46,36l 63,640 -- 65,546 130,082 1025,076 898,129 165,062 322,725 77,286 109,134 74,811 221,495 640,465 153,376 148,469 439,569 4,422,005 1495,368 3034,949 712,051 170,520 240,791 144,621 488,701 6,097,246 1460,153 2061,876 1413,418 1230,37% 4184,714 1058,971 265,160 6,458,984 l / 6 8347775 — 216,583 -- 5,072 11,780 2 445,935 5,695 17,204 12,668,019 30)2,183 4484,082 7,698 267,986 50,821 l/ After deducting 2 $16,000 —— 1 315,987 5,043 — 1238,378 1 313,335 33,000 — 8,4l0 7,957 41,996 6i 52,696 30,773 5,617 12,094 106,308 55,226 109,598 756,706 121,848 581,379 1043,378 61,068 722,046 421,643 116,267 67,895 104,578 995,587 — 4i84,7l4 Mpls. Kans.Cy. — -*» 995,587 4248,354 1028,587 3 754,050 1 Dallas SanFran. 730,026 2639,24s 16,528 13,551 61,287 26,10] 47,785 37,75C 50,918 139,11C 101,050 276,06s 697,687 1906,08!; 112,344 306,926 961,999 2628,18$ —- —* 961,999 2628,18s 623,436 1149,686 1023,286 2665,93s 581,379 1043,378 1 117,719 1,848 4,740 1 229,492 3,455 8,403 1 227,007 2 437,255 10,166 21,366 188,533 6,088 3,405 2,036 11,561 10,88l 36,168 8,025 9,203 3200,122 2628,666 9050,889 2176,952 1127,895 2179,034 2021,638 5847,869 4,261 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 30, 1955 (in thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston 26,629,284 1606,505 Federal Reserve notes Deposits: Member bank-reserve accts. 18,474,149 726,552 476,841 27,833 U.S.Treasurer-general acct. Foreign Other Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 6,017,554 1820,301 2467,446 2017,443 1363,710 5136,526 1233,325 530,857 1046,299 727,641 2661,671 977,242 2574,801 40,029 41,204 18,048 39,57' 1,270 New York Phila. Cleve. Rich. 5,196,991 51,586 853,153 1475,198 37,344 42,999 789,410 29,647 5,709,160 3,604,599 781,574 299,618 928,400 1558,405 217,873 350,258 840,851 278,822 20,280 1,023 5,609 407,615 23,040 1/135,718 28,032 34,944 19,200 Atlanta 877,075 3039,602 46,591 69,293 16,512 53,760 941,714 3163,621 26,617 428,953 25,983 14,592 9,600 847,383 37,713 14,592 687,786 902,048 1036,589 268,392 581,347 743,827 152,717 465,649 100,047 183,246 199,387 1,027 3,284 706 537 881 782 2698,53: Total deposits Deferred avail, cash items Other liabilities and accrued dividends 19,770,371 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) "Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,024,534 2688,720 12,340,549 2967,723 4378,397 3138,088 2574,843 8884,778 2130,575 1097,090 2132,474 1964,39$ 5726,891 13,584 39,955 10,413 6,846 16,473 34,o4< 28,464 19,719 15,865 33,480 1 6 , 9 1 8 24,755 66,72: 60,222 40,309 47,773 3,349 762 1,429 521 1,073 1,137 1,307 2,l4< 1,006 4,489 3,011 7,319 27,543 11.513 9,997 8,824 8,777 9,474 42,809 12,479 15,993 11,313 183,369 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 300,220 660,901 608,226 1,149 2,288 972 13,692 89,272 188,070 96,566 26,619 28,l6l 51,196,567 2759,218 12,668,019 3052,183 4484,082 3200,122 2628,666 9050,889 2176,952 27,234 2,339 1,632 2/7,977 1,986 2,475 86 322 1,360 11 11,891 29,480 1,170 3,808 5,968 1127,895 1,033 680 364,66( 2,02: 29,985 18,06: 2179,034 2021,638 5847,86; 1,033 1,920 1,278 2,80: FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 27,566,730 11,538,000 276,180 17,085,000 28,899,180 1651,046 640,000 13,025 1200,000 1653,025 6,231,692 2,770,000 -3,600,000 6,370,000 1/ After deducting 2/ After deducting 1895,834 725,000 23,340 1200,000 1948,340 2567,110 1070,000 -1550,000 2620,000 $271,872,000 $19,257,000 2068,572 795,000 58,625 1300,000 2153,625 1424,070 500,000 -1000,000 1500,000 5227,077 1285,235 577,421 1076,235 770,065 2792,37: 2400,000 425,000 150,000 280,000 283,000 1500,001 — 33,000 41,996 106,194 3000,000 910,000 500,000 800,000 525,000 1500,00' 5400,000 1368,000 691,996 1106,194 808,000 3000,00< participations of other Federal Reserve Banks. participations of other Federal Reserve Banks.
@FedFRASER