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n H . *4-1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release December 8, 1955 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS n v *Wn weekly average of Member bank reserve balances f o r the week ending * 7 5 ? l l l l o n t 0 *18,869 million. Estimated Required r e s e r v e million; and estimated Excess reserves increased $40 million to reserves Exceas s s s in ™.ysxzr2&srs bought o u t r i g h t %% j s i ' m m s f s i e r Member Bank Reserves, Reserve Bank Credit, and Related Items Reserve Bank c r e d i t : U. S. Government securities— Bought outright--System account Held under repurchase agreement Acceptances—Bought outright Loans, discounts and advances *Member bank borrowings Other Float Total Reserve Bank c r e d i t Gold stock Treasury currency outstanding Money in c i r c u l a t i o n 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) Member bank reserve balances— Required reserves (estimated) Excess reserves (estimated) e * e n t were $31 ™mion Mgher ' - a »«* Week Ending Change from Week Ending Dec. 7, 1955 Nov. 30, 1955 Dec. 8. 1954 (In mjLllions of d o l l a r s ) 24,039 325 18 932 3 , 957 26,274 +136 +227 + X -850 +323 + 18 - 38 - 1 - 62 21,688 5,008 52,970 +262 31,070 +108 483 424 413 931 34,101 + 44 + 25 + 15 - 4 +187 18,869 18,390 479 ±_75 + 35 + 40 780 - 2 Z2§3 - 5? -239 For Wednesday Federal Reserve f i g u r e s see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED - attached. Latest Wednesday f i g u r e s f o r other items appearing above a r e , in millions of d o l l a r s : Gold stock 21,689 Treasury cash holdings 700 Treasury currency outstanding 5,008 Member bank) - Required ( e s t . ) ifi Lni Money in c i r c u l a t i o n 31,14? reserves ) - Excess (est.) *244 - , , „ 0 n December 7, 1955, U. S. Government s e c u r i t i e s held in custody by the Federal Reserve Banks f o r foreign account were $3,558 million, the same as l a s t week, an increase of $544 million from the comparable date a year ago. H.U,l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) Change since Dec, 0, Nov, W, 1955 195k Dec. 7, 1955 ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F, R. notes Total gold c e r t i f i c a t e reserves F, R. notes of other Banks Other cash Discounts and advances I n d u s t r i a l loans Acceptances—Bought outright U. S. Government s e c u r i t i e s : Bought outright— Bills Certificates Notes Bonds Total bought outright Held Under repurchase agreement Total U, S, Government s e c u r i t i e s 20,137,352 862,820 21,000,172" 237,02k 298,718 977,862 69k 17,k95 Total loans and s e c u r i t i e s Due from foreign banks "T Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS Ratio of gold c e r t i f i c a t e reserves to deposit and F. R, note l i a b i l i t i e s combined Contingent l i a b i l i t y on acceptances purchased f o r foreign correspondents I n d u s t r i a l loan commitments 9,686 93,k82 3,721 632,726 72 17,k95 1,761 26,kOO 359,533 10 2 - 290,800 " 515,: 25,369,266 + 1*76,372 + 135,lk6 k,l63,k8k - 32k,231 60,1*58 + 51 210,28k + 9,3k2 51,339,158 + 142,891 + 595,879 + 5,911 k,lkl + 79k ok$ 26,780,k68 + k83,k53 + 151,18k I8,6k7,188 k69,171 kkl,395 + k27,285 + 19,985,039 3,372,k66 21, 8k0 + 50,159,813 T CAPITAL ACCOUNTS Capital paid i n Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 26,753 1,355,3U6 85,500 2,520,076 17,399,536 2,801,750 24,076,708 + 85,500 296,507 + 31,31*7 + Il6,8k7 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 a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES 999 930 173,039 7,670 33,780 15,519 2lk,668 232,133 1,560 135,279 300,30k 660,901 8k 27,5k3 7,528 190,897 + 51,339,k58 + lk2,B91 Uk.9% 26,998 2,31k - - 811,65k -k,079,715 +k,370,515 • 811,651% + 296,50' + + + + + + k25,317 119,375 83,683 k7,k01 17k,858 k29,183 353 738,131 + + I5,8k0 35#888 + k,l83 + 79ii,0k? »b% 236 25 + M 7,315 398 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 7, 1955 (Acceptances and s e c u r i t i e s held under repurchase agreement are c l a s s i f i e d 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 t o 10 years Over 10 years Total Discounts and advances 971,719 6,115 28 977,862 Industrial U. S. Government loans Acceptances securities jjk,160 "~57l95^55 13 1,215,396 13,335 12,952,065 565 10k 1,587,127 1,013,61k l,klk,857 2k,373,215 W 17,k95 H.4,l(l>) ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F. R. notes Total gold c e r t i f i c a t e reserves F.R. notes of other Banks Other cash Discounts and advances I n d u s t r i a l loans Acceptances— Bought outright U. S. Govt, s e c u r i t i e s : Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 7, 1955 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 20,137,352 1054,290 5,139,850 1158,131 1768,472 1326,361 895,413 3 5 2 0 , 0 9 8 862,820 51,868 21,000,172 1106,158 237,024 298,748 977,862 694 15,433 22,084 25,275 17,495 1,355,346 2,520,076 17,399,536 2,801.750 24,076,708 1 182.047 60,364 76,697 74,246 5 , 3 2 1 , 8 9 7 1 2 1 8 , 4 9 5 1 8 4 5 , 1 6 9 1400,607 44,952 55,851 197,925 19,683 17,156 70,415 633 26,346 82,490 116,483 7,739 75,430 48,982 155.605 944,395 3675,703 19,477 41,041 21,511 50,015 65,080 314,945 69,959 236,409 16,934 28,120 43,971 Mpls. Kerns.Cy. Dallas SanFran. 893,274 355,230 7 6 2 , 3 0 7 745,785 2518,141 44,645 23.770 4l,84l 937,919 379,000 8o4,l48 6,919 17,081 11,625 5,839 6,378 7,822 27,000 11,666 32,845 58,944 61 59,070 27,020 75.735 772,805 2593,876 18,416 29,636 37,682 43,400 13,181 38,536 17,495 74,847 139,169 960,872 154,724 329,612 296,507 344,454 640,465 153,376 2 1 6 , 5 8 3 79,848 148,469 130,082 4 3 9 , 5 6 9 4 , 4 2 2 , 0 0 5 1058,971 1495,368 1 0 2 5 , 0 7 6 8 9 8 , 1 2 9 3034,949 712,051 1 7 0 , 5 2 0 240.791 1 6 5 . 0 6 2 1 4 4 , 6 2 1 488.701 6 , 1 1 8 , 9 7 5 1465,357 2 0 6 9 , 2 2 5 1 4 1 8 , 4 5 5 1242,791 4199,628 56,244 104,578 722,046 116,267 999,135 61,068 109,598 4 2 1 , 6 4 3 756,706 67.895 1 2 1 . 8 4 8 583,451 1 0 4 7 , 0 9 6 54,347 148,476 101,050 276,069 6 9 7 , 6 8 7 1906,084 112,344 306.926 9 6 5 , 4 2 8 2637,555 296,507 Total U. S. Government securities 24,373,215 1329,612 6,415,482 1465,357 2069,225 1418,455 1242,791 4199,628 999.135 Total loans and s e c u r i t i e s 2 5 , 3 6 9 , 2 6 6 1354,88? 6 , 6 3 0 , 9 0 2 1536,405 2144,655 1468,470 1 3 0 7 , 8 7 1 4514,573 1010,760 610,512 1106,166 1003,110 2680,955 Due from f o r e i g n banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 22 4,163,484 60,458 210.284 1 304,399 5,639 11.173 1/6 720,342 7,704 53,689 2 240,145 5,072 12,257 2 379,026 5,699 17,983 1 337,887 5,043 12,114 583,451 1047,096 965,428 2637.555 1 3 1 1 317,999 660,358 197,178 115,083 4,261 11,333 6,088 37,794 3,4o6 8,355 1,848 4.897 1 261,096 3,449 8.788 1 225,186 2,036 9,579 2 404,785 10,213 22.322 5 1 , 3 3 9 , 4 5 8 2 8 1 9 , 7 7 4 12,835,343 3 0 4 9 , 2 1 5 4 4 2 6 , 6 1 9 3260,533 2 6 5 5 , 0 2 1 8 9 6 0 , 0 0 1 2 1 8 1 , 6 1 9 1 1 2 5 , 0 0 2 2 2 0 1 , 6 9 2 2 0 4 4 , 3 1 4 5 7 8 0 , 3 2 5 l / A f t e r deducting $16,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 7, 1955 (In thousands of dollars) 1.4.1(c) L I A B I L I T I E S Total Boston Federal Reserve notes Deposits: Member bank-reserve a c c t s . 18,647,188 795,615 469,171 34,779 U.S.Treasurer-general acct, 441,395 25,380 Foreign Other New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 533,534 1053,363 725,830 2674,275 5,334,018 8 6 6 , 5 5 9 1452,787 827,389 894,519 2996,630 6 8 8 , 7 6 7 425,988 823,741 1023,631 2517,544 32,848 42,925 40,351 57,048 23,923 27,554 44,453 24,385 36,994 78,441 25,470 19,881 43,594 18,189 59,220 16,074 10,575 16,074 l/l4l,886 30,879 38,493 2 1 , 1 5 0 2,966 1,070 1,152 42,330 894,030 271,620 956,632 3115,322 736,168 465,187 8 8 7 , 2 3 4 1 0 6 9 , 0 4 9 2 6 4 0 , 4 6 2 269,402 513,576 155,971 94,448 213,312 191,014 341,815 Total deposits Deferred a v a i l , cash items Other l i a b i l i t i e s and accrued dividends 19,985,039 860,444 3,372,466 275,107 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,159,813 2748,927 12,505,809 2964,292 4320,328 3198,064 2600,821 8792,526 2134,962 1094,023 2154,740 1986,792 5658,529 300,304 1 5 , 8 6 7 89,275 19,727 28,494 13,693 13,590 39,979 10,413 6,848 1 1 , 8 9 2 16,479 34,041 66,721) 660,901 40,309 188,070 47,773 60,222 33,480 29,480 96,566 26,619 16,918 24,755 29,985 2,14c 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 190,897 11,660 44,870 12,934 16,569 11,947 10,368 29,501 9,104 6,140 9,168 9,751 1 8 , 8 8 5 Contingent l i a b i l i t y on acceptances purchased f o r foreign correspondents I n d u s t r i a l loan commitments 21,840 1,036 931,976 1529,947 542,854 200,495 3 0 2 , 8 5 2 5,898,588 6,252 1,190 2,405 973 1,059 3,640 724 854 831 899 1,977 51,339,458 2819,774 12,835,343 3049,215 4426,619 3260,533 2 6 5 5 , 0 2 1 8 9 6 0 , 0 0 1 2181,619 1 1 2 5 , 0 0 2 2 2 0 1 , 6 9 2 2044,314 5 7 8 0 , 3 2 ; 26,998 2,314 1,620 -- 2/7,882 -- 1,971 6l 2,457 322 1,350 11 1,161 -- 3,780 — 1,026 -- 675 -- 1,026 1,920 1,269 2,781 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral f o r F.R. notes: Gold c e r t i f i c a t e s Eligible paper U. S, Govt, s e c u r i t i e s Total c o l l a t e r a l 27,729,600 1656,606 6,294,076 1907,763 2581,479 2 0 8 2 , 6 7 2 1439,991 5257,343 1284,768 579,556 1083,302 7 6 8 , 1 3 6 2793,906 1 1 , 5 8 8 , 0 0 0 640,000 243,400 25,275 17,085,000 1200,000 2 , 7 7 0 , 0 0 0 7 2 5 , 0 0 0 1070,000 8 4 5 , 0 0 0 500,000 2 4 0 0 , 0 0 0 -70,415 -50,015 — — 3,600,000 1200,000 1550,000 1300,000 1000,000 3000,000 150,000 27,000 500,000 28,916,400 1865,275 425,000 11,625 910.000 280,000 59,070 800,000 6 , 3 7 0 , 0 0 0 1995,415 2620,000 2195,015 1500,000 54007000 1346,625 6 7 7 , 0 0 0 1139,070 l / After deducting $299,484,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 2/ After deducting $19,116,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 2 8 3 , 0 0 0 1500,00C 525,000 1500,00C 808,000 3 0 0 0 , 0 0 C
@FedFRASER