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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) February 10, 1955 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and R e l a t e d Items During t h e week ended F e b r u a r y 9# Member bank r e s e r v e s d e c r e a s e d $ 2 6 l m i l l i o n . The p r i n c i p a l changes r e d u c i n g r e s e r v e s were a d e c r e a s e of $389 m i l l i o n i n Reserve Bank c r e d i t and i n c r e a s e s of $52 m i l l i o n i n F o r e i g n d e p o s i t s w i t h F e d e r a l Reserve Banks and $21 m i l l i o n i n Money i n c i r c u l a t i o n . The p r i n c i p a l o f f s e t t i n g change was a d e c r e a s e of $ 1 9 6 m i l l i o n i n T r e a s u r y d e p o s i t s w i t h F e d e r a l Reserve Banks. At t h e end of t h e week member bank r e s e r v e s amounted t o $ 1 8 , 8 3 8 m i l l i o n , of which $544 m i l l i o n were e s t i m a t e d a s excess r e s e r v e s . The d e c r e a s e of $ 3 8 9 m i l l i o n i n Reserve Bank c r e d i t r e s u l t e d from d e c r e a s e s of $345 m i l l i o n i n Loans, d i s c o u n t s and advances and $ 1 3 3 m i l l i o n i n F l o a t , and an i n c r e a s e of $90 m i l l i o n i n U. S . Government s e c u r i t i e s h e l d under repurchase agreement. Member Bank Reserves and R e l a t e d Items Feb. 1955 Change s i n c e Feb. 10, Feb. 2 , 1954 1955 ( i n m i l l i o n s of d o l l a r s ) Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s — Bought o u t r i g h t Held under r e p u r c h a s e agreement Loans, d i s c o u n t s and advances Float Total Gold s t o c k Treasury currency outstanding 23,902 114 336 522 24,873 21,715 4,989 + 90 -345 -133 -389 + 1 + 1 Money i n c i r c u l a t i o n Treasury cash holdings T r e a s u r y d e p o s i t s w i t h F . R. Banks F o r e i g n d e p o s i t s w i t h F . R. Banks Other d e p o s i t s w i t h F . R. Banks Other F . R. a c c o u n t s ( n e t ) 29,779 830 307 471 4.57 895 + 21 - 4 -196 + 52 + 2 - 3 -144 + 12 -331 Member bank r e s e r v e s 18,838 -261 -816 18,294 544 -115 -146 -643 -173 666 435 +111 + 34 - 7 + 75 Required r e s e r v e s ( e s t i m a t e d ) Excess r e s e r v e s ( e s t i m a t e d ) Daily averages f o r p e r i o d - E s t i m a t e d e x c e s s r e s e r v e s of member banks Member bank borrowings a t F . R. Banks -904 + 57 -106 + 13 -942 -242 + 87 - 2 +119 + 67 U. S. Government s e c u r i t i e s h e l d i n custody by t h e F e d e r a l Reserve Banks f o r f o r e i g n a c c o u n t were $ 2 , 8 6 6 m i l l i o n , a d e c r e a s e of $ 1 8 m i l l i o n f o r t h e week and a n i n c r e a s e of $ 1 8 9 m i l l i o n from t h e comparable d a t e a y e a r a g o . H.4.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) Change s i n c e Feb. 2, Feb. 10, 1954 1955 - Feb. 9 , 1955 A S S E T S Gold c e r t i f i c a t e s Redemption f u n d f o r F . R. n o t e s T o t a l gold c e r t i f i c a t e r e s e r v e s F . R. n o t e s of o t h e r Banks Other cash D i s c o u n t s and advances I n d u s t r i a l loans ( U. S. Government s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates Notes Bonds T o t a l bought o u t r i g h t Held under r e p u r c h a s e agreement T o t a l U. S. Government s e c u r i t i e s 1,180,644 13,882,341 6,037,271 2,801,750 23,902,006 114,000 24,016,006 T o t a l loans and s e c u r i t i e s Due from f o r e i g n banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 24,351,582 22 3,634,689 55,406 176,934 49,926,524 20,174,103 861,272 21,035,375 212,840 459,676 335,055 521 L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member b a n k - - r e s e r v e a c c o u n t s U. S. T r e a s u r e r — g e n e r a l a c c o u n t Foreign Other Total deposits D e f e r r e d 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 a c c r u e d d i v i d e n d s TOTAL LIABILITIES C A P I T A L ACCOUNTS Capital paid in Surplus ( S e c t i o n 7) S u r p l u s ( S e c t i o n 13b) Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS + - + - 1 2,525 2,524 161 10,687 345,174 56 — — — — — — - - + + 90,000 90,000 255,230 + + - 210,002 25,474 235,476 44,783 9,992 105,396 1,327 - 903,931 +8,065,800 -7,226,400 - 839,400 ' 903,931 + 57,100 - 846,831 - 953,554 - - - + + - 254,626 89 6,969 515,848 + 136,020 + 2,589 28,507 -1,024,153 25,613,682 + 3,723 - 18,838,246 306,711 470,566 457,216 20,072,739 3,112,814 13,819 48,813,054 260,864 196,147 + 51,679 + 2,575 402,757 121,269 599 520,902 - 8l6,Ol6 331,009 2,840 + 119,270 -1,030,595 + 123,513 2,696 -1,067,687 291,001 660,901 27,543 134,025 49,926,524 + + + 46.0% + .4$ + .6% 23,842 3,242 + + 454 49 + + 9,344 116 R a t i o of gold c e r t i f i c a t e r e s e r v e s t o d e p o s i t and F . R. n o t e l i a b i l i t i e s combined Contingent l i a b i l i t y on a c c e p t a n c e s purchased for foreign correspondents I n d u s t r i a l loan commitments - - 467 *. 157,909 •» — — + - 4,587 515,848 22,335 35,888 14,689 -1,024,153 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. FEBRUARY 9, 1955 ( S e c u r i t i e s h e l d under r e p u r c h a s e agreement a r e c l a s s i f i e d a s maturing w i t h i n 15 days i n accordance w i t h maximum m a t u r i t y of t h e a g r e e m e n t s . ) Within 1 5 days 1 6 t o 90 days 91 days t o 1 y e a r Over 1 y e a r t o 5 y e a r s Over 5 y e a r s t o 10 y e a r s Over 10 y e a r s Total Discounts and advances 220,414 34,621 Industrial loans m 80,020 93 339 73 335,055 521 U. S. Government securities 4,320,100 986,544 13,193,764 3,087,127 1,013,614 1,414,857 24,01b,00b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 9 , 1955 ( I n thousands of d o l l a r s ) H A . 1(b) A S S E T S Gold c e r t i f i c a t e s Redemption f u n d f o r F . R. n o t e s T o t a l gold c e r t i f i c a t e reserves F . R . n o t e s of o t h e r Banks Other c a s h D i s c o u n t s and advances I n d u s t r i a l loans U. S. Govt, s e c u r i t i e s : Bought o u t r i g h t — Bills Certificates Notes Bonds Total Held under r e p u r c h a s e agreement Total Boston 20,174,103 1018,172 861,272 521 182,885 Cleve. Rich. 58,362 76,532 73,140 5 , 5 1 8 , 4 4 4 1298,117 1773,900 1215,870 46,694 107,611 46,980 11,042 35,768 19,330 1,180,644 65,146 13 882 341 765,999 6*,037,271 3 3 3 , 1 2 5 2 , 8 0 1 , 7 5 0 154,595 23,902,006 1318 865 Phila. 5 , 3 3 5 , 5 5 9 1239,755 1 6 9 7 , 3 6 8 1 1 4 2 , 7 3 0 53,382 21,035,375 1071,554 212,840 459,676 335,055 New York 6,771 24,013 19,145 427 11,980 48,208 39,090 Atlanta Chicago S t . L o u i s 910,757 3632,398 Mpls. Kans.Cy. 809,835 424,627 833,631 143,502 46,979 24,565 39,633 964,342 3775,900 856,814 449,192 873,264 7,459 23,921 12,785 3,605 9,786 9,800 94 5,344 14,466 26,998 53,585 18,712 60,130 23,514 13,650 37,383 47,485 14,841 73,328 55,917 301,574 71,851 1 0 1 , 1 8 9 69,537 60,131 206,398 49,405 3 , 5 4 5 , 9 9 4 8 4 4 , 8 5 2 1 1 8 9 , 8 1 4 8 1 7 , 6 4 3 7 0 7 , 0 4 2 2426,883 5 8 0 , 9 0 6 1 , 5 4 2 , 1 1 2 3 6 7 , 4 1 6 517,436 355,583 3 0 7 , 4 8 4 1 0 5 5 , 4 2 4 2 5 2 , 6 3 0 715,657 170,509 240,130 165,017 142,696 489,796 117,239 6,105^337 1454 628 2048,569 1407/700 1217,353 4 1 7 0 , 5 0 1 1 0 0 0 , 1 8 0 D a l l a s SanFran. 770,290 2358,981 28,652 80,055 798,942 2439,036 8,108 14,464 18,340 18,154 47,21% 25,535 28,994 50,937 340,909 5 9 8 , 9 4 0 148,257 2 6 0 , 4 7 2 6 8 , 8 0 2 120,879 506,962 1031,220 46,392 129,09c 545,492 1 5 1 7 , 8 6 ( 237,229 6 6 0 , 1 0 ; 1 1 0 , 0 9 2 306,33% 939,205 2613,39% 114,000 114,000 T o t a l U. S. Government securities 24,016,006 1 3 1 8 , 8 6 5 6 , 2 1 9 , 3 3 7 1454,628 2048,569 1407,780 1217,353 4178,501 1 0 0 0 , 1 8 0 586,962 1031,228 939,205 2 6 1 3 , 3 9 * >Total l o a n s and securities 24,351,582 1338,195 6 , 2 6 6 , 3 1 7 1 4 7 4 , 2 0 0 2 0 8 7 , 6 5 9 1 4 2 1 , 4 3 0 1264,838 4 2 3 4 , 4 1 8 1 0 1 2 , 9 6 5 596,856 1058,226 957,545 2638,93; Due from f o r e i g n banks U n c o l l e c t e d cash items Bank p r e m i s e s Other a s s e t s TOTAL ASSETS 22 3,634,689 55,406 176,934 l 276,845 5,899 9,275 l / 6 6497262 7,130 44,385 2 231,132 5,235 10,313 2 325,194 5,254 15.118 1 313,745 4,476 10,325 1 294,923 3,865 9,603 3 564,997 6,261 32,064 1 164,139 2,827 7,534 1 97,204 1,001 4,251 1 179,568 2,976 7,493 1 177,905 1,265 7,458 ' 359,77; 9,21I 19,11! 4 9 , 9 2 6 , 5 2 4 2748,579 12,639,849 3049,783 4267,315 3008,073 2 6 3 5 , 0 8 5 8 7 0 1 , 8 1 2 2 0 7 5 , 6 6 0 1 1 6 1 , 8 9 6 2141,338 1 9 6 5 , 6 8 8 5 5 3 1 , 4 4 ( l / A f t e r d e d u c t i n g $ 1 6 , 0 0 0 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 9, 1955 ( i n thousands of d o l l a r s ) H.4.1(c) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,755,663 1 7 9 9 , 3 2 6 2364,049 1 8 2 1 , 2 1 8 1353,117 4963,820 1153,450 571,790 1015,327 7 2 1 , 2 6 1 2534,06c 994,491 2445,891 16,265 29,12C 21,056 46,16; 1,717 41,913 25,613,682 1560,601 Federal Reserve notes Deposits: Member bank-reserve a c c t s . 18,838,246 809,439 U.S.Treasurer-general a c c t . 306,711 20,113 26,880 ForeIgn 470,566 6,019 Other 457,216 5,513,597 23,320 1/153,363 371,544 9 1 1 , 0 2 2 1441,604 20,893 31,907 32,704 40,768 9,900 7,054 809,798 22,791 22,400 3,823 9 1 0 , 2 3 6 2984,400 25,966 49,691 19,264 62,720 3,062 2,039 696,554 15,719 17,024 6,143 439,299 20,958 11,200 1,463 881,915 29,968 17,024 2,539 974,519 1521,333 194,105 279,584 858,812 268,559 958,528 3098,850 272,408 480,598 735,440 141,982 472,920 87,543 931,446 1033,529 2 5 6 3 , 0 8 7 150,314 158,057 319,621 529 421 Total d e p o s i t s Deferred a v a i l , cash items Other l i a b i l i t i e s and accrued dividends 20,072,739 3,112,814 862,451 257,453 6,061,824 502,584 13,819 682 3,835 TOTAL LIABILITIES Capital paid i n Surplus ( S e c t i o n 7 ) Surplus ( S e c t i o n 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 4 8 , 8 1 3 . 0 5 4 2 6 8 1 , 1 8 7 1 2 , 3 2 3 , 9 0 6 2 9 6 8 , 6 4 5 4 1 6 6 , 5 8 0 2 9 4 9 , 2 8 7 2584,649 8 5 4 5 , 6 8 1 2031,401 1132,674 2097,576 1913,372 5418,096 14,706 31,75C 38,819 10,091 6,462 11,136 291,001 15,074 90,594 19,295 27,465 13,042 12,567 96,566 26,619 16,918 24,755 29,985 66,724 660,901 40,309 188,070 47,773 60,222 33,480 29,480 1,429 521 1,073 1,137 1,307 2,l4c 27,543 3,011 7,319 4,489 1,006 3,349 762 19,317 7,028 4,769 6,734 6,318 12,736 134,025 8,998 29,960 9,581 12,042 8,915 7,627 Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents I n d u s t r i a l l o a n commitments 695 1,614 698 596 2,413 489 525 1,322 4 9 , 9 2 6 , 5 2 4 2748,579 1 2 , 6 3 9 , 8 4 9 3049,783 4267,315 3008,073 2 6 3 5 , 0 8 5 8 7 0 1 , 8 1 2 2 0 7 5 , 6 6 0 1 1 6 1 , 8 9 6 2 1 4 1 , 3 3 8 1 9 6 5 , 6 8 8 5531,446 23,842 3,242 1,428 2/6,992 1,737 313 2,166 598 1,190 35 1,023 101 3,332 15 904 595 904 2,180 1,119 2,452 FEDERAL RESERVE AGENTS' ACCOUNTS F . R. notes outstanding C o l l a t e r a l f o r F.R. n o t e s : Gold c e r t i f i c a t e s E l i g i b l e 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 26,675,05^1645,420 5 , 9 7 2 , 3 2 1 1879,577 2 5 0 1 , 1 2 5 1881,778 1419,790 5097,400 1204,796 6 1 5 , 1 3 5 1044,966 7 6 7 ,623^2645, 122 1 1 , 2 0 8 , 0 0 0 640,000 80,803 12,130 17,065,000 1200,000 28,353,803 1852,130 2,670,000 1 7 5 , 0 0 0 280,000 6,800 22,438 500,000 8 0 0 , 0 0 0 681,800 1102,438 283,000 1 3 8 0 , 0 0 C 13,175 525,000 1620,00c 8 0 8 , 0 0 0 3013,175 8 0 0 , 0 0 0 1 0 5 0 , 0 0 0 6 7 5 , 0 0 0 5 0 0 , 0 0 0 2400,000 3 5 5 , 0 0 0 8,225 7,650 10,385 3,600,000 1200,000 1500,000 1300,000 1000,000 2900,000 920,000 6 , 2 7 0 , 0 0 0 2 0 1 0 , 3 8 5 2 5 5 0 , 0 0 0 1 9 8 2 , 6 5 0 1 5 0 0 , 0 0 0 5 3 0 0 , 0 0 0 1283,225 1 / A f t e r deducting $317,184,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 2 / A f t e r deducting $ 1 6 , 8 5 0 , 0 0 0 p a r t i c i p a t i o n s of other Federal Reserve Banks.
@FedFRASER