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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release December 29, 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 28 increased $4l million to $19,48? million. Estimated required reserves increased $23 million; and estimated excess reserves increased $18 million to $704 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $49 million, compared with $58 million the week before. The principal changes supplying reserves were Increases of $179 million in Federal Reserve holdings of U. S. Government securities and $129 million in Federal Reserve float. The principal offsetting changes were increases of $122 million in Treasury deposits with Federal Reserve Banks, $74 million in "other" deposits with Federal Reserve Banks, $51 million in money in circulation,and $28 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $319 million. As of bought outright securities held bank borrowings Wednesday, December 28, holdings of U. S. Government securities were $35 million higher than a week earlier, U. S. Government under repurchase agreement were $134 million higher, and member were $162 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 Held under repurchase agreement Loans, discounts, and advances-Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Weekly averages of daily figures Week ending Change from week ending Dec. 28, 1955 Dec. 21, 19551 Dec. 29, 1954 (In ai] Lllions of dollars) 24,385 382 20 5 753 1,875 27,420 21,690 5,008 54,118 + 10 +169 -503 +352 + + 3 4 + 20 + 5 + 9 - 3 +129 +319 + 1 +510 -133 m +320 - 22 + 26 +991 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) 31,415 17 k 523 497 4io 1,012 34,631 + 51 + 2 +122 + 28 + 74 + 2 +279 +587 - 27 + 70 - 26 +115 + 36 475% Member bank reserve balances-Required reserves (estimated) Excess reserves (estimated) 19,487 18,783 704 + 41 + 23 + 18 +237 +153 + 84 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: 21,690 Treasury cash holdings 778 Gold stock Treasury currency outstanding 5,008 Member bank) - Required (est.) 18,756 Money in circulation 31,357 reserves ) - Excess (est.) 134 On December 28, 1955, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,648 million, a decrease of Digitized for million FRASER $17 for the week and an increase of $701 million from the comparable date http://fraser.stlouisfed.org/ 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) Dec. 28, Change since Dec. 21, Dec. 29, 1955 1954 20,136,353 + 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 1,502,696 5,920,699 14,165,913 2,801,750 24,391,058 415,900 24,806i958 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 25,345,476 22 5,105,372 61,207 156,049 52,246,185 867,841 21,004,194 280,165 293,700 509,373 712 21,877 6,556 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 1 2,108 2,107 17,534 8,084 - + + - + 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 AMD CAPITAL ACCOUNTS + + 27,543 52,246,185 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 4,288 4,552 + + 21,877 6,556 34,850 - + - - - 664,304 -7,961,642 +8,128,642 34,850 134,220 ±+ 169,070 + - + - 171,076 + 16,917 - 610,658 + - 207 8,045 562,392 23,251 + + - 499,260 17,562 11,593 105,766 422,649 124,974 304 570,570 302,361 660,901 213,881 + 161,065 27,014,786 18,889,897 521,617 467,726 425,268 20,304,508 3,698,515 23,690 51,041,499 72 28,749 436 28,313 73,359 47,579 55,195 90 + 473 + - 497,304 352,900 144,404 +1,001,419 + + + 6,360 21,566 855:736 + 684,399 - + 342,978 56,166 - 108,977 + 54,847 - 340,942 + 448,660 + m + 792,024 + + 14,803 35,888 12^221 655,736 ,7,705 562,392 44.4% 33,487 2,294 674 72 + t 14,308 333 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 28, 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 Over 5 years to 10 years Overfor 10 years Digitized FRASER Total Discounts and advances 502,931 5,427 1,015 509,373 Industrial loans 21 4 584 103 1W Acceptances 12,600 15,833 20,433 U. S. Government securities 952,550 4,978,046 14,860,764 1,587,127 1,013,614 1,414,857 24,006,958 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 28, 1955 (In thousands of dollars) 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 Acceptances: Bought outright Held under repurchase agreement U. S. Govt, securities: Bought outrightBills Certificates Notes Bonds Total Held under repurchase agreement Total Boston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 20,136,353 933,9^1 4,906,891 1206,043 1865,765 1251,981 928,659 3728,658 909,833 346,551 831,011 703,004 2524,016 867,841 53,542 21,004,194 987,483 280,165 15,399 19,04l 12,485 293,700 509,373 712 180,781 61,738 78,193 72,427 5,087,672 1267,781 1943,958 1324,408 49,490 57,891 122,262 21,877 21,877 6,556 6,556 29,444 14,420 41,683 652 — — «i «• 11,399 24,443 19,006 26,913 19,308 31,405 — 44,502 23,729 41,731 982,376 3883,758 954,335 370,280 872,742 6,084 7,420 15,280 8,672 18,764 13,317 31,685 13,901 7,147 32,125 37,51s 57,603 - - - - 41,486 23,655 63,293 155,100 29,004 44,768 98,506 11,381 18,017 9,018 60 — «• — — * — — — — *«• 88,530 381,902 91,457 129,146 82,985 1,502,696 348,812 1,504,716 360,345 508,843 5,920,699 326,965 14,165,913 782,298 3,600,196 862,166 1217,461 834,571 712,051 170,520 240,791 165,062 2,801,750 154,724 24,391,058 1346,972 6,198,865 1484,488 2096,241 1436,975 415,900 53,717 — — — — — — — — 36,414 77,566 262,110 62,359 65,353 305,615 1032,730 245,697 143,476 257,491 731,216 2470,918 587,857 343,283 616,075 144,621 488,701 116,267 67,895 121,848 1259,018 4254,459 1012,180 591,068 1060,767 26,921 75,46c 729,925 2599,476 —W — — 60,256 237,408 568,025 112,344 978,033 164,616 648,601 1551,847 306,926 2671,992 415,900 Total U. S. Government securities 24,806,958 1346,972 6,614,765 1484,488 2096,241 1436,975 1259,018 4254,459 1012,180 591,068 1060,767 978,033 2671,995 Total loans and securities 25,345,476 1359,457 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 5,105,372 61,207 1 430,395 5,642 6,765,460 1526,823 2115,24? 1468,380 1322,311 4352,965 1021,198 606,408 1092,452 985,180 2729,595 1/ 6 1,0557986 7,784 1 122,445 2,194 1 176,052 2,149 2 283,721 5,050 2 495,108 6,023 1 385,715 5,116 1 3 422,135 817,385 4,038 6,089 1 207,668 3,405 1 214,553 3,479 2 494,21; 10,23* 156,049 8,129 38.200 8,959 13,595 9,013 8.786 28,303 6,247 3,715 6,583 7,711 l6,80f 52,246,185 2825,547 13,062,489 3136,200 4609,775 3238,854 2804,788 9162,275 2222,246 1118,547 2211,799 1933,683 5919,982 l/ 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 EACH FEDERAL RESERVE BANK ON DECEMBER 28, 1955 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 27,014,786 1630,543 6,123,089 1851,146 2512,845 2037,336 1399,487 5197,492 1255,594 Deposits: Member bank-reserve accts. 18,889,897 761,175 5,357,800 894,928 1522,904 774,602 938,673 3118,140 693,680 U.S.Treasurer-general acct. 521,617 35,518 84,452 42,890 44,653 31,235 46,490 50,463 31,233 Foreign 467,726 27,780 1/139,897 33,799 42,133 23,150 19,909 64,820 17,594 Other 425,268 3,379 344,704 9,956 533,193 1053,916 726,772 2693,373 865,083 45,601 17,594 947,060 2600,414 39,148 44,523 21,761 47,714 415,438 25,411 11,575 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,304,508 3,698,515 827,852 294,041 5,926,853 668,735 23,690 1,037 7,785 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,041,499 2753,473 12,726,462 3049,834 4500,820 3175,083 2749,398 8990,087 2174,648 1087,021 2163,820 1875,203 5795,650 19,761 29,299 13,755 13,677 40,460 10,493 6,861 11,936 16,559 34,l6l 302,361 16,011 89,388 660,901 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 2,14C 213.881 12,743 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 983,336 1613,228 830,816 1006,549 3235,070 750,962 453,390 214,174 372,250 305,825 342,353 554,169 167,274 99,701 1,178 2,497 1,106 1,009 3,356 818 737 929,306 1008,937 2738,209 179,695 138.352 361,946 903 1,142 2,122 52,246,185 2825,547 13,062,489 3136,200 4609,775 3238,854 2804,788 9162,275 2222,246 1118,547 2211,799 1933,683 5919,982 33,487 2,294 2,010 2/9,769 — 2,445 41 3,048 322 1,675 11 1,440 — 4,690 1,273 838 1,273 1,920 1,575 3,451 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 27,986,590 1674,564 6,351,779 1923,238 2611,542 2103,543 1458,385 5315,666 1303,151 583,814 1090,483 762,578 2807,847 11,713,000 640,000 2,870,000 725,000 1070,000 845,000 500,000 2400,000 450,000 150,000 280,000 283,000 1500,000 141,272 12,425 — 41,610 — 31,355 — 8,980 15,255 31,647 17,185,000 1200,000 3,600,000 1200,000 1600,000 1300,000 1000,000 3000,000 910,000 500,000 850,000 525,000 1500,000 29,039,272 1852,425 6,470,000 1966,610 2670,000 2176,355 1500,000 5400,000 1368,980 665,255 1161,647 808,000 3000,000 l/ After deducting $327 804 000 participations of other Federal Reserve Banks. 2/ After deducting $23,718,000 participations of other Federal Reserve Banks,
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