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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) February 11, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended February 10, Member bank reserves decreased $2l6 million. The principal changes reducing reserves were increases of $l8l million in Treasury deposits with Federal Reserve Banks and $11 million in Treasury cash holdings, and a decrease of $45 million in Reserve Bank credit. The decrease of $45 million in Reserve Bank credit resulted from an increase of $89 million in U. S. Government securities bought outright and decreases of $75 million in Loans, discounts and advances and $60 million in Float. Holdings of U. S. Government securities bought outright reflected an increase of $89 million in bills. 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 Feb. 10, 1954 (in millions of dollars) 24,806 57 442 509 25,815 21,957 4,902 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) 29,923 818 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 Feb. 3, Feb . 11 1954 1953 + 89 - - - 75 - 60 - 45 + 1 + 3 + + - - + + 473 338 828 - 7 + 11 +181 - 4 - 7 - 1 + 19,654 -216 - 18,991 663 -222 + 6 + 614 +308 638 360 +149 - + - 918 16 891 l4l 97 875 82 147 494 207 85 2 58 722 903 181 37 -1,109 - U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,677 million, an increase of $45 million for the week and an increase of $512 million from the comparable, date a year ago. H.4.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Change since Feb. 11, Feb. 3, 1954 1953 Feb. 10, 1954 20,384,105 886,746 21,270,851 449,684 440,451 1,848 2,084,575 5,816,541 13,263,671 3,641,150 24,805,937 56,900 24,862,837 25,305,136 22 168,057 3,498,669 52,817 205,441 50,950,677 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS + • - • + 3 3,257 3,254 13,187 74,794 94 89,000 + - + - 495,996 128,468 367,528 47,622 889,025 1,919 + 09,000 + 89,000 +1,,488,321 + 820,825 510,000 880,825 + 918,321 + 15,900 + 934,221 + 14,112 + » — «. * - - - 43,277 1 24,341 119,974 3,950 9,020 426,015 •> • - + + - 37,993 42,960 17 9,814 73,451 - + - L I A B I L I T I E S Federal Reserve notes Deposits: Member bank--reserve accounts U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 25,771*591 - 53,042 + 102,966 19,654,262 637,720 473,4o6 337,946 21,103,334 2,989,301 16,515 49,880,741 + + + - 215,259 180,517 3,590 7,091 45,423 16,465 l,4l8 80,582 + + + - 721,709 206,378 84,705 2,350 602,386 20,276 303 478,841 C A P I T A L A C C O U N T S 1 Capital paid in " Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 268,666 625,013 27,543 148,714 50,950,677 + 247 — + + 12,998 40,337 + - 6,884 73,451 - 509 426,015 45.4$ + .1$ - ,3$ 14,498 3,126 - 1,834 299 - 10,155 7 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments MATURITY DISTRIBUTION OF LOANS AND SECURITIES. FEBRUARY 10, 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 414,501 25,950 440,451 Industrial loans ' 260 391 1,114 75 1,848 U. S, Government securities 4,219,950 1,843,725 9,855,241 6,154,664 1,374,400 1,414,857 24,062,037 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 10, 1954 (in thousands of dollars) H A . 1(b) A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Total U. S. Government securities Total loans and securities Due from foreign banks F.R.notes of other banks Uncollected c ash items Bank premises Other assets TOTAL ASSETS Total Boston New York 20,384,105 1014,445 5,422,763 886,746 54,217 181,211 Phila. Cleve. Rich. Atlanta Chicago St.Louis 1286,725 1772,381 1053,614 926,033 3762,832 804,822 59,739 81,388 71,394 58,175 150,574 49,132 Mpls. Kans.Cy. 483,345 25,437 Dallas SanFran. 827,985 758,541 2270,619 41,248 30,197 84,034 21,270,851 1068,662 5,603,974 1346,464 1853,769 1125,008 984,208 3913,406 853,954 508,782 869,233 788,738 2354,653 449,684 440,451 1,848 35,584 9,475 2,084,575 114,785 5,816,541 320,281 13,263,671 730,351 3,641,150 200,497 24,605,937 1365,914 56,900 24,862,837 91,704 128,090 30,012 5,315 1,437 35,475 37,221 -- 25,467 15,065 50 38,137 32,045 244 76,116 136,420 25,608 15,470 536,628 125,604 176,957 123,616 106,624 360,282 87,701 1,497,341 350,470 493,760 344,921 297,510 1005,285 244,709 3,414,440 799,189 1125,940 786,536 678,424 2292,387 558,015 937,334 219,394 309,094 215,919 186,241 629,306 153,186 6,385,743 1494,657 2105,751 1470,992 1268,799 4287,260 1043,611 8,500 15,097 51,449 143,558 327,360 253,501 15,725 117 6,240 17,695 9,205 50,289 30,180 90,852 82,805 227,272 231,051 634,154 578,071 526,873 1446,085 89,868 158,693 612,235 1081,117 144,637 396,981 985,366 2704,492 56,900 1365,914 6,442,643 1494,657 2105,751 1470,992 1268,799 4287,260 1043,611 612,235 1081,117 985,366 2704,492 25,305,136 1375,389 6,570,733 1501,409 2142,972 1486,107 1301,088 4423,680 1059,081 628,077 1087,357 994,571 2734,672 22 1 168,057 3,843 3,498,669 276,213 52,817 205,441 6,198 11,083 1/6 20,445 2 7,879 611,301 221,428 7,453 4,752 52,065 12,167 2 1 1 3 1 1 1 1 34,888 25,558 18,149 8,478 9,717 7,438 8,773 293,993 280,480 562,776 161,209 96,861 187,283 156,346 5,212 4,697 3,971 6,429 2,891 1,021 2,220 584 17,745 12,311 11,186 34,853 8,440 4,995 9,556 8,635 6,833 299,785 2 16,056 350,994 7,389 22,405 50,950,677 2776,973 12,957,681 3124,113 4361,793 2982,472 2644,629 9035,412 2119,662 1257,954 2178,185 1975,343 5536,460 l/ After deducting $ 16,000participations of other Federal Reserve Banks. H.4.1(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 10, 1954 (In thousands of dollars) Total Boston Federal Reserve notes 25,771,591 1586,821 Deposits: Member bank-reserve accts. 19,654,262 781,738 U.S.Treasurer-general acct 637,720 48,044 Foreign 473,406 28,426 Other 337,946 3,431 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 5,727,983 1845,165 2395,299 1777,833 1372,810 4987,283 1172,675 Mpls. Kans.Cy. 633,692 5,920,222 921,883 1498,440 817,864 905,338 3267,264 708,288 463,730 79,400 47,413 63,161 56,209 55,194 102,515 36,167 30,406 1/142,527 34,484 42,872 23,766 20,038 64,774 17,708 11,650 278,678 1,849 5,146 2,684 1,582 1,203 8,293 990 998,203 Dallas SanFran. 714,616 2559,211 994,092 2451,096 37,368 45,222 36,621 17,708 21,902 47,551 924,307 1,029 1,649 31,412 1005,629 1609,619 900,523 982,152 3435,756 770,456 506,776 980,412 1062,865 2566,680 193,543 257,608 246,488 240,229 460,445 133,008 88,429 156,693 147,558 300,762 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 21,103,334 2,989,301 861,639 261,576 6,420,827 16,515 810 4,917 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,880,741 2710,846 12,656,689 3045,118 4264,152 2925,701 2595,908 8886,014 2076,724 1229,481 2135,998 1925,616 5428,494 268,666 14,589 83,148 18,210 25,644 11,884 11,542 35,404 9,269 6,009 10,222 13,342 29,403 625,013 38,779 176,633 45,909 57,648 31,750 28,034 90,792 25,465 16,219 23,456 28,146 62,182 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 27,543 148,714 3,011 9,748 50,950,677 2776,973 14,498 3,126 Q.1 0AH.5U1 885 1681,224 502,962 7,319 33,892 781 1,626 4,489 1,006 13,343 12,957,681 3124,113 4361,793 2/4,203 10,387 1,073 1,303 1,334 748 857 3,349 9,788 717 762 8,383 2,530 1,429 21,773 208,125 640,000 8,560 521 7,683 584 1,073 5,172 690 1,137 7,372 577 1,307 6,932 1,841 2,l4o 14,241 2982,472 2644,629 9035,412 2119,662 1257,954 2178,185 1975,343 5536,460 739 47 623 129 FEDERAL RESERVE AGENTS' ACCOUNTS ,,455,5}0 5,982,393 •8k 5, e 2513,994 1880,107 1456,252 2,016 26 551 362 551 873 682 1,479 5175,168 1233,683 653,307 1030,402 758,017 2774,460 2,670,000 800,000 1050,000 625,000 435,000 435,000 2400,000 2400,000 123,490 4,205 — 14,300 — --17,305,000 1200,000 3,600,000 1200,000 1550,000 1350,000 1100,000 2900,000 28,606,125 1848,560 6,393,490 2004,205 2600,000 1989,300 1535,000 5300,000 11,093,000 585 355,000 175,000 280,000 283,000 1380,000 14,900 960,000 1329,900 1/ After deducting $330,860,000 participations of other Federal Reserve Banks. 2/ After deducting $10,295,000 participations of other Federal Reserve Banks. 15,350 5,670 500,000 800,000 690,350 1085,670 21,650 525,000 1620,000 808,000 3021,650
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