The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release December 22, 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 December 21 increased $496 million to $19,446 million. Estimated required reserves increased $267 million; and estimated excess reserves increased $229 million to $695 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $49 million, compared with $379 million the week before. The principal changes supplying reserves were an increase of $805 million in Federal Reserve float, and decreases of $36 million in "other" deposits with Federal Reserve Banks and $l4 million in Treasury cash holdings. The principal offsetting changes were a decrease of $134 million in member bank borrowings, and increases of $120 million in money in circulation, $64 million in Treasury deposits with Federal Reserve Banks, $23 million in foreign deposits with Federal Reserve Banks, and $21 million in "other" F, R. accounts (net). Total Reserve Bank credit increased $673 million. As of bought outright securities held bank borrowings Wednesday, December 21, holdings of U. S. Government securities were $51 million lower than a week earlier, U. S. Government under repurchase agreement were $127 million higher, and member were $106 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities — Bought outright--System account Held under repurchase agreement AcceptancesBought outright Held under repurchase agreement Loans, discounts, and advances — Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net) Weekly averages of daily figures Week ending Change from week ending Dec. 21, 1955 Dec. 14, 19551 Dec. 22, 1954 (in millions of dollars) 24,375 213 17 1 744 4 1,746 27,101 21,689 5,008 53,79% 31,364 772 4oi 469 336 1,010 34,352 Member bank reserve balances — Required reserves (estimated) Excess reserves (estimated) - 68 + 67 19^446. 18,751 695 -513 +173 17 l -134 + 3 +805 +573 + 1 +120 - 14 + 64 + 23 - 36 + 21 +178 +597 -161 +373 +48$ - 23 + 26 +S93 +479 - 28 + 56 + 26 - 10 + 35 +559 +496 +229 +W -127 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 21,690 Treasury cash holdings 776 Treasury currency outstanding 5,008 Member bank) - Required (est.) 18,830 Money in circulation 31>406 reserves ) - Excess (est.) 559 On December 21, 1955/ U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,665 million, an increase of Digitized FRASER $40formillion for the week and an increase of $702 million from the comparable date a http://fraser.stlouisfed.org/ 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 Dec. i i T Dec. 22, 1954 1955 Dec. 21, 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 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 20,136,352 869,949 21,006,301 262,631 285,616 670,438 640 17,589 2,004 1,467,846 5,920,699 14,165,913 2,801,750 24,356,208 281,680 24,637,888 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 25,328,559 22 5,716,030 - + - + - A C C O U N T S C A P I T A L Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 2:13% 14,012 5,841 . + + 50,500 • + + - 94 1,188 w — + + • + — — - 28,749 + 106,067 62 + + - 76,400 183,687 17,589 2,004 — — - 50,500 126,900 2,544 26,205 m,6oo 13,266 406,029 1 699,154 -7,961,642 +8,128,642 - 532,154 + 281,680 ~ 250,474 + 175,147 w — — W + 515,335 - +1,021,588 + 6,581 + 19,492 +1,294,937 61,414 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 5,000 2,866 - + 148,004 52,808,577 + 15 13,436 691,608 27,038,037 + 129,950 + 19,389,157 539,179 479,319 319,502 20,727,157 3,823,489 23,386 51,612,069 + + + 580,088 + 22,284 + 229,175 + 29,787 + 944 + 282,190 + 456,791 + 1,218 +1,234,861 301,888 660,901 27,543 206,176 52,808,577 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 44.0# 34,161 - + * + + 114,359 45,508 3,256 736,699 184,231 432 682,850 + 1,183 — -» + + 7,575 691,608 - + .8# 1,582 ML. 15,286 35,888 — «• - - + + 494,662 + 8,902 +1,294,937 - + .8$ 14,789 J02 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 21, 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 http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Discounts and advances 666,064 4,353 21 670,438 Industrial loans 21 Acceptances 8,650 4 512 103 10,943 646 19,593 U. S. Government securities 698,130 5,063,396 14,860,764 1,587,127 1,013,614 1.414.857 24,637,888 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 21, 1955 (In thousands of dollars) H.4.l(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 Acceptances: Bought outright Held under repurchase agreement U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Total Boston 20,136,352 993,237 869,949 53,657 21,006,301 1046,894 262,631 285,616 670,438 640 17,589 2,004 15,635 20,379 12,125 New York - - 81,060 1,467,846 5,920,699 326,965 14,165,913 782,298 2,801,750 154,724 24,356,208 1345,047 281,680 Cleve. Rich. 5,123,363 1168,836 1776,791 1294,580 181,227 61,956 78,366 73,087 5,304,590 1230,792 1855,157 1367,667 49,214 52,604 188,335 — — - - Phila. 24,693 14,922 53,310 580 10,372 20,994 49,295 21,449 16,826 30,300 17,589 — - — - -- 2,004 - - - — - - Atlanta Chicago St.Louis 913,919 3616,090 Mpla. Kans.Cy. 905,673 344,013 797,954 155,278 44,551 23,742 41,772 967,728 3771,368 950,224 367,755 839,726 26,052 8,834 43,574 171,938 16,872 5,556 7,589 29,105 60 9,992 12,832 34,265 53,809 36,866 23,880 53,625 " 13,725 -- - — - - • — — — — - — «• * — — 89,337 126,151 86,477 373,045 60,913 75,767 256,031 1,504,716 360,345 508,843 348,812 305,615 1032,730 245,697 3,600,196 862,166 1217,461 834,571 731,216 2470,918 587,857 712,051 170,520 240,791 165,062 144,621 488,701 116,267 6,190,000 1452,368 2093,246 1434,922 1257,219 4248,380 1010,734 «. Dallas SanFran, 726,444 2475,452 26,952 75,552 753,396 2551,004 18,094 13,003 14,565 35,874 42,14] 19,85C — — — — — — — •» — — 63,837 35,570 143,476 257,491 343,283 616,075 67,895 121,848 590,224 1059,251 58,858 160,80c 237,408 648,601 568,025 1551,841 112,344 306,926 976,635 2668,17% 281,680 Total U. S. Government securities 24,637,888 1345,047 6,471,688 1482,368 2093,246 1434,922 1257,219 4248,380 1010,734 590,224 1059,251 976,635 2668,17*1 -Total loans and securities 25,328,559 1357,172 6,679,616 1536,258 2142,541 1465,222 1310,844 4420,318 1024,459 619,389 1093,516 991,200 2688,024 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 1 1/ 6 2 2 1 1 5,716,030 6l,4l4 148,004 467,305 5,639 7,900 1,062,038 7,784 36,362 362,892 5,050 8,489 554,814 6,030 12,732 435,980 5,136 8,390 407,575 4,254 8,278 3 950,128 6,088 26,954 1 237,065 3,406 5,861 1 142,482 2,197 3,503 1 283,793 3,468 6,249 1 266,289 2,149 7,421 2 545,669 10,213 15,865 52,808,577 2920,925 13,192,214 3183,098 4602,642 3320,671 2759,426 9244,485 2246,722 1148,472 2249,577 2051,553 5888,792 l/ After deducting $l6,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OK DECEMBER 21, 1955 (in thousands of dollars) H.4.1(c) L I A B I L I T I E S Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 27,038,037 1628,061 Deposits: Member bank-reserve accts. 19/389*157 846,498 UoS*Treasurer-general acct 33,192 539,179 Foreign 27,840 479,319 Other 6,126,375 1851,419 2517,145 2049,106 1406,514 5196,584 1256,125 535,131 1055,359 730,102 2686,1% 5,605,497 100,575 728,108 23,981 436,888 31,551 901,100 35,514 996,260 2554,82] 42,224 23,200 64,960 17,632 11,600 17,632 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,727,157 910,556 6,099,159 1008,113 1574,814 3,823,489 996,467 3292,469 300,439 581,142 776,786 165,784 481,784 99,511 23,386 730 711 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,612,069 2849,324 12,858,452 3097,189 4494,448 3257,331 2704,393 9073,742 2199,425 1117,137 2201,937 1993,385 5765,3# Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments Total Boston New York 1/150,782 Phila. Cleve. 917,828 1495,180 44,705 31,813 33,872 Rich. 817,677 39,950 309,625 625,507 236,486 400,061 883,321 323,607 1,082 7,411 1,171 2,428 1,297 301,888 660,901 15,874 40,309 27,543 3,011 ' 89,373 188,070 7,319 ' Atlanta 929,466 3159,834 45,067 66,482 19,952 973 3,547 36,905 21,808 848 49,441 47,81' 955,297 1055,821 2692,57< 190,478 206,353 384,49* 803 1,109 2,121 19,761 47,773 29,164 60,222 13,746 33,480 13,675 29,480 40,415 96,566 10,482 26,619 6,855 16,918 11,924 24,755 16,536 29,985 34,0866,72! 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4( 13,886 " ' ' ' 52,808,577 2920,925 13,192,214 3183,098 4602,642 3320,671 2759,426 9244,485 2246,722 1148,472 2249,577 2051,553 5888,79: 34,l6l 2,366 2,052 2/9,947 - - 2,496 113 3,112 322 1,710 11 1,471 4,788 1,300 - - 855 - - 1,300 1,920 1,607 3,52; " FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U» S. Govt, securities Total collateral 28,014,961 1678,575 11,713,000 640,000 172,830 12,125 17,185,000 1200,000 29,070,830 1852,125 6,362,841 1926,690 2617,734 2101,066 1463,077 5310,682 1303,751 581,820 1089,498 764,327 28l4,90C 2,870,000 150,000 280,000 34,265 283,000 1500,00C 725,000 1070,000 53,310 — 845,000 30,300 500,000 2400,000 450,000 13,725 3,600,000 1200,000 1600,000 1300,000 1000,000 3000,000 910,000 6",~570,000 1978,310 2670,000 2175,300 1500,000*3500,000 1373,725 l/ After deducting $328,512,000 participations of other Federal Reserve Banks. 2/ After deducting $24,214,000 participations of other Federal Reserve Banks. 29,105 500,000 850,000 679,105 1164,265 — — 525,000 1500,00C 808,000 3000,00C
@FedFRASER