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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) December 30, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended December 29, Member bank reserves decreased $134 million. The principal changes reducing reserves were increases of $155 million in Treasury deposits with Federal Reserve Banks, $127 million in Foreign deposits with Federal Reserve Banks, and $51 million in Other deposits with Federal Reserve Banks, and a decrease of $110 million in Reserve Bank credit. The principal offsetting change was a decrease of $308 million in Money in circulation. The decrease of $110 million in Reserve Bank credit resulted from a decrease of $474 million in Float and increases of $300 million in Loans, discounts and advances and $63 million in U. S. Government securities held under repurchase agreement. Member Bank Reserves and Related Items Reserve Bank credit: U. S. Government securities-Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding Dec. 29, 1954 (In millions of dollars) 24,888 63 565 854 26,371 21,712 4,984 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) 30,638 809 Member bank reserves Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks Change since Dec. 22, Dec. 30, 1954 1953 *- — + 63 +300 -474 -110 + 2 -308 -430 -521 +463 -119 -606 -317 + 95 -252 + 1 +155 +127 + 51 + 36 + 88 +103 19,233 -134 -833 18,603 630 - 38 - 96 -761 - 72 657 243 -223 + 96 -156 +32 465 577 370 975 - 10 + 39 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,947 million, a decrease of $l6 million for the week and an increase of $244 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVg FEDERAL RESERVE BANKS COMBINED (la thousands of dollars) Change since Dec. 30, Dec. 22, 1954 1953 Dec. 29, 1954 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves r 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 20,165,102 + 1 21,032,507 206,806 + + + + 1 55,775 42,397 300,159 19 867,405 341,279 564,568 622 - 283,001 33,238 316,239 + 12,531 1,054 + 464,468 + 1,351 - 2,167,000 13,882,341 6,037,271 2,801,750 24'888^362 63,000 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 - 950,012 637000 25,516,552 + 363,140 - 487,695 4,103,953 54,847 134,483 51,390,449 + + - 590,489 14 5,971 123,191 + 177,705 2,965 - 903,274 26,330,387 - 212,988 - 297,935 19,232,875 465,451 576,703 370,421 20,645,450 3,249,855 22,983 50,240,675 + + + + - 133,998 155,447 127,171 51,863 200,403 116,843 + 833,077 88,595 - 120,533 22 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 -7,226,400 - 839,400 - 429,312 - 521,500 63,000 24,951,362 Total loans and securities Due from foreign banks " Uncollected cash items Bank premises Other assets TOTAL ASSETS 429,312 +8,065,800 + 287,558 625,013 27,543 201,660 51,390,449 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - - 18,185 + 103,107 z_ 9,279 956 + + 22,466 40,337 4,386 123,19.1 - 35,946 903,274 - 650,654 - 58,865 2,677 -1,010,131 815 .3# 44 J 19,179 1,9*1 + 193 67 4,752 1,513 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. DECEMBER 29, 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 429,230 41,968 93,370 564,568 Industrial loans " 125 ~ 32 389 75 622 U. S. Government securities 693,250 5,548,750 13,193,764 3,087,127 , 1,013,614 1,414,857 24,951,362 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 29, 1954 (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 U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. 20,165,102 974,780 5,471,316 1249,488 1665,401 1160,172 939,372 3533,594 804,572 432,465 867,405 53,668 21,032,507 1028,448 206,806 341,279 564,568 622 2,167,000 13,882,341 6,037,271 2,801,750 24,888,362 10,877 21,115 14,383 184,192 58,928 47,149 24,644 39,771 5,655,508 1308,416 1742,400 1235,085 993,303 3677,602 851,721 457,109 849,238 33,922 24,143 29,884 57,465 37,083 170,934 10,298 22,473 19,617 5,669 7,893 20,433 124 8,141 12,497 40,865 10,452 12,711 32,067 17,033 34,186 38,600 90,679 53,215 93,492 580,906 340,909 598,940 252,630 148,257 260,472 117,239 68,802 120,879 1041,454 611,183 1073,783 85,150 545,492 237,229 110,092 977,963 236,936 1517,867 660,103 306,338 2721,244 —— 10,321 14,261 40,882 ^j-^0 10,312 33,765 69,837 —— 17,158 20,575 28,450 —— 110,367 707,042 307,484 142,696 1267,589 378,831 2426,883 1055,424 489,796 4350,934 28,793 80,409 53,931 144,008 119,571 553,521 131,879 185,727 127,632 765,999 3,545,994 844,852 1189,814 817,643 333,125 1,542,112 367,416 517,436 355,583 154,595 715,657 170,509 240,130 165,017 1373,290 6,357,284 1514,656 2133~107 1465,875 63,000 809,467 767,854 2356,621 74,913 48,480 74,454 51,417 76,999 Dallas SanFran. 796,647 2437,030 63,000 Total U. S. Government securities 24,951,362 1373,290 6,420,284 1514,656 2133,107 1465,875 1267,589 4350,934 1041,454 611,183 1073,783 977,963 2721,244 Total loans and securities 25,516,552 1387,673 6,471,701 1556,036 2202,944 1494,325 1304,672 4521,868 1061,071 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 1 4,103,953 325,151 54,847 5,919 134,483 7,057 1/ 6 787,958 7,250 32,807 2 2 245,064 413,741 5,164 5,278 7,787 11,613 1 1 3 1 318,024 277,079 677,530 168,062 4,493 3,879 6,295 2,836 7,369 24,776 5,832 7,809 631,740 1114,648 1010,030 2759,844 1 1 1 2 110,303 219,226 197,365 364,450 1,007 2,530 1,136 9,060 3,196 5,924 5,924 14,389 51,390,449 2786,241 13,078,164 3147,051 4420,055 3097,470 2650,109. 8989,682 2122,294 1216,918 2212,205 2034,266 5635,994 l/ After deducting $16,000 participations of other Federal Reserve Banks, STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 29, 1954 (In thousands of dollars) H.4.1(c) LIABILITIES Total Boston Federal Reserve notes 26,330,387 1619,405 Deposits: Member bank-reserve accts. 19,232,875 764,314 U.S.Treasurer-general acct. 465,451 32,396 Foreign 34,404 576,703 Other 370,421 5,985 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,945,761 1853,047 2436,358 1874,677 1401,926 5069,166 1180,323 584,156 1028,717 747,530 2589,321 5,652,107 465,796 27,732 14,100 103,005 1/176,245 290,503 920,400 1450,913 812,352 35,289 43,284 10,618 7,437 41,736 51,888 31,152 28,764 1,911 905,030 3109,368 708,804 38,100 33,907 24,353 24,252 78,396 21,432 834 4,619 9,166 928,564 1006,511 2508,716 25,508 34,508 36,217 21,432 26,508 57,546 863 1,717 512 36,256 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,645,450 837,099 6,221,860 1008,043 1553,522 874,179 968,216 3226,290 763,755 508,491 977,221 1068,039 2638,735 3,249,855 259,697 580,311 201,944 324,115 287,169 227,423 528,707 131,949 93,865 160,337 164,900 289,438 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,248,675 2717,223 12,755,896 3064,173 4316,434 3037,091 2598,489 8827,403 2076,803 1187,035 2167,099 1981,570 5519,459 287,558 14,973 89,946 18,816 27,324 12,600 12,203 38,322 9,934 6,300 10,905 14,440 31,795 625,013 38,779 176,633 45,909 57,648 31,750 28,034 90,792 25,465 16,219 23,456 28,146 62,182 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 2,140 1,137 1,307 201,660 12,255 48,370 13,664 17,643 12,680 10,621 31,736 9,571 6,291 9,608 8,803 20,418 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 22,983 1,022 7,964 1,139 2,439 1,066 924 3,240 776 523 824 1,101 1,965 51,390,449 2786,241 13,078,164 3147,051 4420,055 3097,470 2650,109 8989,682 2122,294 1216,918 2212,205 2034,266 5635,994 19,179 1,9^1 Vd 1,171 27,383,938 1672,085 2/5,547 1,421 542 1,766 598 979 39 826 2,669 104 17 730 FEDERAL RESERVE AGENTS' ACCOUNTS 480 730 6il 902 1,958 X 6,200,264 1917,900 2564,127 1938,834 1468,360 5195,940 1227,907 623,635 1063,546 790,713 2720,627 11,208,000 640,000 2,670,000 800,000 1050,000 675,000 500,000 2400,000 355,000 175,000 280,000 283,000 1380,000 151,363 6,250 21,650 31,015 14,550 17,100 35,798 25,000 17,140,000 1200,000 3,600,000 1200,000 1550,000 1300,000 1000,000 2900,000 945,000 500,000 800,000 525,000 1620,000 28,499,363 1846,250 6,270,000 2031,015 2600,000 1996,650 1500,000 5300,000 1314,550 692,100 1115,798 808,000 3025,000 l/ After deducting $400,440,000 participations of other Federal Reserve Banks. 2/ After deducting $13,632,000 participations of other Federal Reserve Banks.
@FedFRASER