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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM B.4.1 (For Immediate Release) December 2, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended December 1, Member bank reserves increased $24 million. The principal changes supplying reserves were an increase of $338 million in Reserve Bank credit and a decrease of $14 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $204 million in Treasury deposits with Federal Reserve Banks, $92 million in Money in circulation, and $27 million in Other deposits with Federal Reserve Banks. The increase of $338 million in Reserve Bank credit resulted from increases of $335 million in U. S. Government securities bought outright and $63 million in Float, and a decrease of $6l million in Loans, discounts and advances. Holdings of U. S. Government securities bought outright reflected an increase of $335 million in bills. Member Bank Reserves and Related Items Dec. 1, 1954 Change since Nov. 24, Dec. 2, 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities — Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 377 699 25,965 21,710 4,982 - 6l + 63 +338 + 1 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) 30,504 813 742 386 390 879 + 92 + 9 +204 - 14 + 27 - 2 -287 + 39 +216 - 45 + 51 + 1 Member bank reserves 18,944 + 24 -530 l8,4l8 526 - 58 + 82 -743 +213 639 -145 +205 +102 -279 Required reserves (estimated) Excess reserves (estimated) Daily average for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks 24,888 - - 326 +335 " - - -155 - 38 - 52 - 93 -337 -318 +100 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,002 million, a decrease of $14 million for the week and an increase of $311 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 Nov. 24, Dec. 2, 1954 1953 Dec. 1, 1954 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 U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,166,103 863,876 21,029,979 136,064 319,768 y 376,762 607 „ + - + - + 10,001 9,999 2 7,414* 6,983 60,545 98 2,167,000 6,599,791 13,029,021 3,092,550 24,888,362 + 335,000 24,888,362 + 335,000 25,265,731 22 4,004,827 54,339 204,533 51,015,263 + 274,553 + + + + 98,562 2 7,315 380,861* + 335,000 - - - - - Total loans and securities Due from foreign banks Uncollected cash items| Bank premises Other assets TOTAL ASSETS 334,999 16,630 318,369 6,190 •f 9,522 49,993 1,836 + 104,312 + 758,250 244,650 563,600 154,312 38,000 192,312 - 244,141 + + + 46,394 3,977 27,398 481,409 *»— •» mm - 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 26,110,089 + 100,152* - 18,943,721 741,636 386,252 389,799 20,461,408 3,305,890 20,284 49,897,671 + + 24,000 203,753 14,063 26,931 240,621 35,231 846 375,158* 529,904 215,825 44,647 + 50,403 308,323 + 139,691 8l4 514,755 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 284,047 625,013 27,543 180,989 51,015,263 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments •November 24 figures revised 45.236 18,947 1,9|2 - + + + - + + 178 - - 345,309 + + + 20,489 40,337 w — - - + + - + 5,525 380,861* - ,, 27,480 481,409 .3# 1,075 118 -- - 1,715 1,207 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 1, 1954 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Within 15 days 16 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 199,236 70,651 106,875 175/752" Industrial loans 2 186 388 31 ToT U. S. Government securities 7>5137550 5,758,200 2,767,391 6,320,750 1,013,614 1,414,857 " 24,888,362 H.4.1(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 U. S. Govt, securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 1, 1954 (in thousands of dollars) Total Boston 20,166,103 1002,246 863,876 51,801 21,029,979 1054,047 136,064 319,768 376,762 607 5,759 18,495 18,963 New York Phila. Cleve. Rich. 5,323,350 1208,982 1734,762 ii4l,86l 184,602 57,178 75,236 75,550 5,507,952 1266,160 1809,998 1217,411 34,034 63,295 64,448 —— 5,071 17,643 30,997 ^ 30 6,352 33,096 32,490 —— 10,254 17,511 28,969 —— Atlanta Chicago St.Louis 874,668 3641,728 54,079 824,300 Mpls. Kans.Cy. Dallas SanFran. 446,878 774,423 761,681 2431,224 144,260 47,235 24,674 928,747 3785,988 871,535 471,552 15,824 53,192 36,602 7,013 20,965 12,611 3>98 7,751 5,267 77 4,082 11,609 43,737 110,367 378,831 336,133 1153,763 663,582 2277,707 90,679 276,168 545,199 53,215 162,071 319,953 93,492 284,742 562,124 85,150 236,936 259,332 721,608 511,962 1424,567 21,453 27,826 56,025 39,841 28,852 80,568 814,264 790,533 2511,792 8,454 13,165 18,495 14,270 35,220 28,158 2,167,000 119,571 6,599,791 364,163 13,029,021 718,915 553,521 131,879 185,727 127,632 1,685,798 401,650 565,648 388,715 3,328,029 792,921 1116,679 767,383 24,888,362 1373,290 6,357,284 1514,656 2133,107 1465,875 1267,589 4350,934 1041,454 611,183 1073,783 977,963 2721,244 Total U. S. Government T securities 24,888,362 1373,290 6,357,284 1514,656 2133,107 1465,875 1267,589 4350,934 1041,454 611,183 1073,783 977,963 2721,244 Total loans and securities 25,265,731 1392,253 6,421,732 1546,183 2165,597 1494,844 1323,614 4387,536 1054,065 616,527 1117,520 996,458 2749,402 1 119,583 1,012 4,943 1 151,650 1,082 8,595 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 4,004,827 54,339 204,533 1 321,868 5,862 11,036 1/ 6 791,940 7,245 51,096 2 236,109 5,156 12,201 2 378,811 5,099 17,951 1 328,234 4,509 11,939 1 3 267,041 680,830 3,892 6,300 11,169 35,581 1 168,047 2,837 8,827 1 202,073 2,446 9,088 2 358,641 8,899 22,107 51,015,263 2809,321 12,877,300 3088,525 4416,906 3084,703 2583,743 8965,254 2133,290 1224,867 2161,083 1969,938 5700,333 1/ After deducting $16,000 participations of other Federal Reserve Banks. H.4.1(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 1, 195% (In thousands of dollars) Total Boston Federal Reserve notes 26,110,089 1604,046 Deposits: Member bank-reserve accts. 18,943,721 784,294 U.S.Treasurer-general acct. 741,636 36,949 Foreign 386,252 23,302 Other 389,799 4,980 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 5,878,150 1835,844 2407,346 1865,380 1377,283 5027,416 1167,994 5,474,991 894,352 1458,332 167,512 41,936 82,411 1/115,013 28,268 35,144 316,870 9,681 7,666 831,794 37,365 19,482 3,758 Dallas SanFran. 583,490 1020,010 745,066 2598,064 871,363 3080,971 727,966 464,684 38,711 103,750 34,068 36,118 16,426 53,098 14,516 9,550 1,011 3,649 5,952 1,457 865,889 46,079 14,516 3,049 927,511 3241,468 782,502 227,308 536,290 137,506 511,809 99,624 929,533 1015,175 2679,310 166,861 157,022 306,920 673 646 944,520 2544,565 51,986 64,751 17,954 38,983 715 31,011 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,461,408 3,305,890 849,525 286,870 6,074,386 602,579 20,284 957 6,457 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,897,671 2741,398 12,561,572 3006,939 4315,305 3025,594 2533,094 8808,217 2088,675 1195,569 2117,162 1918,018 5586,128 284,047 14,931 89,086 18,781 26,943 12,5*3 12,118 36,832 9,824 6,164 10,657 14,429 31,737 62,182 25,465 16,219 23,456 28,146 625,013 38,779 176,633 45,909 57,648 31,750 28,034 90,792 2,140 521 1,073 1,137 1,307 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 18,146 180,989 11,202 42,690 12,407 16,004 11,465 9,735 27,984 8,805 5,842 8,671 8,038 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 1,062 2,228 879 992 3,043 758 755 1,834 51,015,263 2809,321 12,877,300 3088,525 4416,906 3084,703 2583,743 8965,254 2133,290 1224,867 2161,083 1969,938 5700,333 18,947 l,9f2 1,153 2/5,528 •3 F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 974,237 1583,553 892,399 195,796 322,178 266,936 Mpls. Kans.Cy. 1,399 510 1,739 598 964 39 813 106 2,627 18 718 FEDERAL RESERVE AGENTS' ACCOUNTS 472 718 6$l 888 1,928 (0 27,035,53/ 1641,602 6,123,400 1900,945 2514,493 1903,741 1440,128 5121,919 1222,97/ 619,316 1047,486 11,168,000 640,000 101,185 8,430 16,965,000 1200,000 28,234,185 1848,430 2,670,000 786,355 2713,181 800,000 1050,000 650,000 485,000 2400,000 355,000 175,000 280,000 283,000 1380,000 10,546 6,050 950 36,826 18,220 20,163 3,600,000 1200,000 1500,000 1300,000 1000,000 2800,000 920,000 500,000 800,000 525,000 1620,000 6,270,000 2018,220 2550,000 1970,163 1485,000 5200,000 1281,050 675,950 1116,826 808,000 3010,546 1/ After deducting $271,220,000 participations of other Federal Reserve Banks. 2/ After deducting $13,419,000 participations of other Federal Reserve Banks.
@FedFRASER