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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release December 6, 1956 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of daily figures of member bank reserves for the week ending December 5 decreased $307 million to $19,068 million. Estimated required reserves decreased $31 million; and estimated excess reserves decreased $2?6 million to $440 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $18 million; the week before they were $87 million less than excess reserves. The principal changes reducing average reserves were decreases of $246 million in Federal Reserve float and $171 million in member bank borrowings, and increases of $95 million in money in circulation, $67 million in "other" F. R. accounts (net), and $37 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $202 million in Federal Reserve holdings of U. S. Government securities and $43 million in gold stock, and decreases of $28 million in Treasury deposits with Federal Reserve Banks and $24 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $209 million. As of Wednesday, December 5> holdings of U. S. Government securities bought outright were $144 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $2$ million higher, and member bank borrowings were $211 million higher. Member bank reserves, Averages of daily figures Change from week ending For week ending Reserve Bank credit, Dec. 5, 1956 and related items Nov. 2b, 19561 Dec. 7, 1955 (In millions of dollars) Reserve Bank credit: U. S. Government securities-Bought outright—System account 24,287 +248 +177 Held under repurchase agreement -208 117 + 25 Acceptances— Bought outright 24 + 6 + 3 Held under repurchase agreement + 4 + 9 9 Loans, discounts, and advances— Member bank borrowings 458 -171 -474 Other 3 -246 Float 1,268 +311 2gr,T55 Total Reserve Bank credit -209 -109 Gold stock + 43 21,953 +265 + 4 Treasury currency outstanding 5,060 + 52 +208 -162 53717H •» «» <m <•» 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) 31,450^ 770 4o8 344 228 910 34,110 + 95 - 2 - 28 + 37 - 24 + 67 +145 +380 - 10 - 75 - 80 -185 - 21 + 9 Member bank reserves— Required reserves (estimated) Excess reserves (estimated) 19,068 157528 440 -307 - 31 -276 +199 +217 - 18 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 million of dollars: Gold stock 22,010 Treasury cash holdings 780 Treasury currency outstanding 5,061 Member bank) - Required (est.) 18,650 Money in circulation 31,522 reserves ) - Excess (est.) 349 On December 5, 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,538 million, a decrease of $12 million for the week and a decrease of $20 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Nov. 25, Dec. 7, 1956 1955 Dec. 5, 1956 A S S E T S Gold certificate account Redemption fund for F, R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances: Bought outright Held under repurchase agreement U. S. Government securities; Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,467,391 856,875 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES + + + + 330,039 5,945 324,094 49,062 14,463 - 408,238 - + + + 210,781 12 + 117 25,737 10,468 + + 3,955 5,292 + + 8,242 10,468 144,400 4 120,77k «- +8,412,623 -8,245,623 144,400 + 287,774 25,060,322 + 22 389,640 - 308,944 4,765,979 73,342 231,073 52,054,301 255,239 + 145,075 63,992 + + 602,495 12,884 20,789 714,843 149,818 + 374,041 27,154,509 C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 99,997 3,14$ 96^52 9,423 13,125 21,324,266 286,086 313,211 569,624 811 1,476,120 10,932,699 9,153,913 2,801,750 24,364,482 89,200 24,453,682 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS + . + +_ + 25,200 - 207,307 169,600 + 80,467 362 + + 18,998,888 + 338,046 310,464 278,901 19,926,299 3,670,122 26,242 50,777,172 +_ + T 65,262 + 351,700 141,263 62,803 111,747 27,057 70,623 1,428 53,566 - 131,125 130,931 148,384 58,746 + 297,656 + + 4,402 617,359 321,574 395 + + 21>270 32,711 27,543 234,400 52,054,301 10,031 63,992 45-3# .1# 693,612 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 51,248 - 2.166 - 865 12 .4* + - 24,250 148 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 5. 1956 (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 yeara Over 10 years http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Discounts and advances 564,787 4,776 61 569,624 Industrial loans 13 68 Acceptances 14,464 21,741 450 280 "BIT 36,205 U. S. Government securities 228,400 6,348,920 15,074,612 373,279 1,013,614 1,414,857 24,453,682 8.4.1(b) Total A S S E T S Gold certificate account 20,467,391 Redemption fund for 856,875 F. R. notes Total gold certificate 21,324,266 reserves F.R. notes of other Banks Other cash 286,086 313,211 569,624 Discounts and advances 811 Industrial loans Acceptances: Bought outright 25,737 Held under rep. agree. 10,468 U. S. Govt, securities: Bought outright— Bills 1,476,120 Certificates 10,932,699 Notes 9,153,933 Bonds 2.801.750 Total 24,364,482 Held under rep. agree. 89,200 Total IT. S. Govt, sees. STATEMENT OF COHDIT]CON OF EACH FEDERAJ RESERVE BANK ON DECEMBER 5. 1956 Phila- CleveSt. Boston New York Richmond Atlanta Chicago delphia land Louis (In thousands of dollars) 878,948 5,590,638 1062,826 1860,852 1368,841 57,278 179,870 60,487 77,298 72,572 819,038 3681,872 49,380 •• 936,226 5,770,508 1123,313 1938,150 1441,413 - • ' 'l' 808,774 156,429 'ff'" 868,418 3838,301 41,935 1 " " ' Minneapolis Kansas City Dallas 386,784 761,980 710,710 2536,128 22,993 41,724 26,282 San Francisco 70,627 ' 850,709 409,777 803,704 736,992 2606,755 19,956 21,994 59,174 65,809 29,656 18,473 10,588 24,539 17,488 17,599 47,975 25,293 23,872 44,888 9,847 23,012 8,905 9,817 5,191 11,529 21,544 14,300 31,890 35,958 23,073 312 110,667 29,024 455 50,832 22,297 82,670 112,307 20,886 13,800 55,581 19,952 28,535 44 25,737 10,468 81,136 371,506 88,701 127,674 90,884 75,901 600,927 2,751,520 656,957 945,602 673,115 562,148 503,154 2,303,839 550,068 791,749 563,597 470,685 154.001 705.139 168,360 242,332 172,501 144,063 1339,218 6,132,004 1464,086 2107,357 1500,097 1252,797 257,541 61,628 1907,450 456,440 1597,102 382,176 488,827 116,973 4250,920 1017,217 33,342 63,960 58,667 165,180 246,937 473,714 434*909 1223,380 206,759 396,639 363,813 1024,332 63,283 121,400 111,353 313,518 550,321 1055,713 968,342 2726,4iU 24.453,682 1339,218 6,221,204 1464,086 2107,357 1500,097 1252,797 4250,920 1017,217 550,321 1055,713 968,342 2726,410 Total loans & securities 25,060,322 1362,603 6,368,076 1493,565 2158,189 1522,394 1335,467 4363,227 1038,103 564,165 1111,294 988,294 2754,945 1 131,589 4,833 5,138 1 2 226,684 464,616 3,885 11,008 9,695 25,624 Due from foreign banks Uncollected cash items Bank premises Other assets i TOTAL ASSETS 22 4,765,979 73,342 231,073 52,054,301 1 J L / 6 384,543 860,872 5,330 9,241 12,511 56,403 2 2 289,424 444,780 4,804 8,034 13,502 20,120 3 765,843 5,877 42,647 1 211,917 4,308 9,388 1 227,392 4,293 9,755 2743,16433,190,089 2972,739 4604,402 3406,848 2665,539 9084,658 2147,285 1134,225 2173,159 2001,395 5930,798 l/ After deducting $16,000 participations of other Federal Reserve Banks. 1 1 386,624 371,695 7,335 4,394 13,994 12,296 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH DECEMBER 5, 1956 Total L I A B Boston | New York Richmond Atlanta Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES EaUaa (In thousands of dollars) I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S.Treas.-gen. acct. Foreign Otter Total deposits Chicago 27,154,509 1 6 1 0 , 9 7 0 6 , 2 9 9 , 2 6 8 1748,795 2 5 5 4 , 8 8 4 2 1 5 9 , 5 2 1 1345,898 5 2 3 0 , 1 3 2 1198,974 18,998,888 760,343 25,740 338,046 17,759 310,464 4,701 278,901 19,926,299 808,543 5 , 5 8 0 , 0 6 0 883,360 1515,307 835,174 40,705 23,128 11,431 27,875 1/ 95,525 21,672 27,391 15,351 " 203,012 10,219 2,332 2,749 5,919,302 938,379 1556,461 801,149 899,134 3006,926 694,249 465,108 31,532 40,257 14,571 21,339 13,244 42,140 11,438 7,525 1,655 950 7,558 1,001 945,565 3090,273 727,016 494,973 2721,926 826,055 995,225 2537,947 28,399 15,632 57,437 11,438 15,351 31,630 993 3,688 40,043 066,005 1029,096 2667,057 400,934 1,191 7,338 1,405 2,950 1,363 1,155 4,646 84l 900 968 1,002 26,242 50,777,172 2668,l4o 12,039,035 2002,766 4490,164 3339,156 2606,139 8900,440 2097,492 1101,756 2 1 2 2 , 1 9 0 1937,406 2,483 5792,400 247,436 194,187 375,869 297,123 313,521 575,397 169,861 719,205 187,383 3,670,122 613,127 495,828 1069,108 110,055 185,229 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Canting, liab. on acceptances purchased for foreign correspondents Industrial Loan commit. F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. Eligible -paper U. S. Govt, securities 17,967 33,847 1,307 10,788 38,964 71,275 2,l4o 26,019 52,054,301 2743,164 13,190,089 2972,739 4604,402 3406,848 2665,539 9084,658 2147,285 1134,225 2173,159 2001,395 5930,798 321,574 693,612 27,543 234,400 51,248 2,166 l6,46l 41,667 3,011 13,885 3,027 —— 28,204,060 1 6 5 5 , 5 6 0 11,888,000 5 8 0 , 0 0 0 105,195 17,235,000 1 2 0 0 , 0 0 0 Total collateral 29,228,195 1 7 8 0 , 0 0 0 l/ After deducting $214,914,000 participations 2/ After deducting $36,628,000 participations 92,372 195,827 7,319 55,536 20,6l6 49,491 4,489 15,377 30,468 62,563 1,006 20,201 14,666 35,012 3,349 14,665 15,378 30,841 762 12,419 43,648 101,894 1,429 37,239 10,999 27,649 521 10,624 7,107 17,586 1,073 6,703 12,928 25,960 1,137 10,944 2 / 14,620 —— 3,694 4,668 2,616 2,257 7,182 1,949 1,283 1,949 22 123 *• •• 101 —— — 1,920 FEDERAL RESERVE AGENTS' ACCOUNTS 6,652,897 1834,182 2623,307 2205,333 1407,206 5334,011 1240,363 547,897 1091,215 2,616 —— 5,387 —— 762,037 2850,052 3,170,000 283,000 1500,000 525,000 808,000 1500,000 3000,000 650,000 1110,000 28,880 945,000 — — 450,000 2300,000 — — 450,000 20,810 3,600,000 1200,000 1550,000 1300,000 1000,000 3200,000 900,000 6,770,000 1878,880 2660,000 2245,000 1450,000 5500,000 1370,810 of other Federal Reserve Banks. of other Federal Reserve Banks. 150,000 — 300,000 55,505 460,000 800,000 610,000 1155,505
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