The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOA ED OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) February 17, 1 9 5 5 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended February l6, Member bank reserves increased $ 6 5 million. The principal changes supplying reserves were an increase of $ 1 9 8 million in Reserve Bank credit and decreases of $4] million in Foreign deposits with Federal Reserve Banks, $38 million in Other deposits with Federal Reserve Banks, and $36 million in Money in circulation. The principal offsetting changes were increases of $188 million in Treasury deposits with Federal Reserve Banks and $ 6 3 million in Other F. R. accounts (net). At the end of the week Member bank reserves amounted to $18,903 million, of which $648 million were estimated as excess reserves. The increase of $198 million in Reserve Bank credit resulted from increases of $28l million in Float and $200 million in Loans, discounts and advances, and decreases of $ 1 7 0 million in U. S. Government securities bought outright and $114 million in U. S. Government securities held under repurchase agreement. Total holdings of D. S. Government securities bought outright reflected a decrease of $ 1 7 0 million in bills. Certificates decreased $3,922 million and notes increased a like amount, reflecting the exchange of maturing certificates for the new issue of 13-month notes. 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. 16, 1955 Change since Feb . 17. Feb. 9, 1955 1954 (In millions of dollars) 23,732 - - -170 -114 536 803 25,071 21,715 4,989 +200 +281 +198 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) 29,743 830 495 428 419 - 36 958 + 63 Member bank reserves 18,903 + 65 18,255 648 - 41 +106 529 267 -135 -168 Required reserves (estimated) Excess reserves (estimated) Daily averages for period— Estimated excess reserves of member banks Member bank borrowings at F. R. Banks -1,074 — — + + - — — - - - + — — +188 - >3 - 38 - + - + + " 243 5 826 242 84 78 10 38 54 73 46 942 666 - - 276 124 34 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,978 million, an increase of $112 million for the week and an increase of $288 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change; since Feb. 9, Feb. 17, 1954 1955 Feb. 16, 1955 ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Ban^s Other cash Discounts and advances Industrial loans U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,174,102 860,937 21,035,039 215,032 455,093 535,214 517 . 1 335 336 2,192 4,583 200,159 4 - 209,999 22,291 - 232,290 + 33,407 + 1,552 + 243,983 1,329 1,010,644 9,960,141 9,959,471 2,801,750 23,732,005 170,000 -3,922,200 +3,922,200 -1,073,931 +3,908,950 -3,069,550 - 839,400 -1,073,931 - — 24,267,737 22 4,750,621 55,546 119,436 LIABILITIES Federal Reserve notes Deposits: Member bank--reserve accounts U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 25,573,564 18,903,039 494,625 427,600 418,603 20,2531857 3,947,722 14,047 49,779,200 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 292,117 660,901 27,543 138,765 50,898,526 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - + - + - - - 23,732,006 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS - 45.9$ 25,095 3,245 - - 170,000 114,000 284,000 83,845 -1,073,931 - 831,277 - - +1,115,932 140 + 57,498 + 972,002 - - + - + + + 64,793 - 941,828 - 38,833 187,914 42,966 - 38,613 + 834,908 + 171,128 228 + 1,116 54,490 72,997 - 962,154 47,342 2,343 -1,025,414 + 22,802 4,740 - 16,876 .1% + .5# 1,253 3 + + 12,344 110 — — * - + + - 983,600 - 108,259 966,146 - 52,041 2,6i4 9,647 40,118 + + + — — + + 972,002 + 35,888 - - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY l6, 1955 (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 378,268 76,926 80,020 - - Industrial loans 15 96 334 72 - - - - — — -» mm 535,214 517 U. S. Government securities 286,800 2,410,210 11,507,398 7,099,127 1,013,614 1,414,857 23,732,006 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY l6, 1955 (in thousands of dollars) H.4.1(b) ASSETS 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 Donas Total Held under repurchase agreement Total Boston New York 20,174,102 995,805 860,937 53,360 182,774 2 1 , 0 3 5 , 0 3 9 1049,165 5,584,071 215,032 10,459 455,093 535,214 517 21,205 36,222 45,327 104,626 86,225 55,764 258,151 9 , 9 6 0 , 1 4 1 549,581 2,544,138 549,544 Cleve. 2,543,968 Rich. Atlanta Chicago St.Louis 3644,109 794,801 439,718 819,857 73,125 53,566 143,450 46,968 24,558 39,623 28,642 8o,Qif 1282,80a 1775,908 1188,005 922,608 3787,559 841,769 464,276 859,480 793,591 2485,80; 15,760 72,365 7,230 23,702 3,066 6,895 28,485 9,793 27,975 93 14,509 124,017 l4,lll 59,602 24,819 43,6o4 58,350 6,319 23,487 22,795 424 61,505 606,155 606,113 76,503 11,728 44,911 23,084 65,885 40,642 43,875 41,025 33,885 86,620 853,653 853,596 15,978 59,525 586,633 586,593 176,679 42,291 507,280 1741,212 416,782 51,473 507,246 1741,095 416,754 Total U. S. Government securities 23,732,006 1309,484 6,061,914 1444,282 Total loans and securities 24,267,737 6,148,139 1467,501 2077,874 1438,793 1242,580 4272,799 1021,551 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 1 4,750,621 354,727 55,546 119,436 5,901 6,427 50,898,526 2793,591 2033,999 3070,357 9,518 16,861 13,540 47,64] 32,58; 39,712 110,50] 429,720 391,374 1089,02: 429,691 3 9 1 , 3 4 7 1 0 8 8 , 9 4 < \jyiJ H-ijy y ( 4148,782 1397,768 1208,695 4148,782 993,066 582,787 1023,894 2 1 1 1/6 2 869,122 278,177 446,560 373,885 360,708 5,254 4,476 3,865 7,142 5,265 9,963 6,916 6,687 28,935 6,804 12,787,368 244,591 244,575 764,949 2405,781 J7U uv,uvc -L^v, V f yJL 1.V y \JyC. .jvv j 993,066 582,787 1023,094 932,525 2594,8l( 2 3 , 7 3 2 , 0 0 6 1309,404 1330,689 Dallas SanFran 869,042 f Ly y Op f i. ( \Jy y C-H-yJy J LJ)U i-U^ y vj J. [ 6,061,914 1444,282 2033,999 1397,768 1208,695 c.y OUlj f 2v Mple. Kans.Cy. 1114,880 5,401,297 1224,452 1699,405 1,010,644 9,959,471 Phila. 3 l 189,714 2,827 6,262 5,121 21,916 833,775 610,855 1083,496 932,525 2594,8l( 946,065 2627,39; 1 118,234 209,719 2,857 4,993 1,001 2,986 253,025 1,265 5,872 462,97; 9,302 12,94; 4372,200 3051,138 2642,976 9010,439 2091,915 1210,083 2181,681 2023,846 5662,93: l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 16, 1955 (in thousands of dollars) H.4.1(c) LIABILITIES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 2 5 , 5 7 3 , 5 6 4 1557,243 5,748,223 1796,846 2362,339 1817,820 1347,424 Federal Reserve notes Deposits: Member bank-reserve accts. 18,903,039 785,217 5,506,223 871,937 1431,179 787,832 8 8 0 , 9 5 1 494,625 34,077 58,647 43,176 52,295 41,796 3 0 , 9 3 5 U.S.Treasurer-general acct 427,600 25,200 1/130,221 30,660 38,220 21,000 18,060 Foreign Other Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,243,867 3,947,722 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,779,200 292,117 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 14,047 Mpls. Kans.Cy. 4960,875 1152,467 569,548 1013,377 721,224 2526,175 3112,367 56,597 460,824 58,800 679,311 35,135 15,960 907,810 9 7 9 , 9 1 4 2499,474 21,691 42,206 47,704 10,500 15,960 19,740 43,275 30,366 3,479 849,419 6,032,844 955,013 1527,533 852,744 930,945 3229,986 736,640 503,205 684,976 236,353 379,613 320,915 313,404 659,998 157,923 107,543 318,587 615 4,046 711 1,567 611 540 2,602 476 453 2725,864 12,470,089 2988,923 4271,052 2992,090 2592,313 8853,461 2047,506 1180,749 6,468 15,129 90,683 19,316 27,491 1 3 , 0 6 1 12,582 38,823 10,098 6 6 0 , 9 0 1 40,309 188,070 47,773 60,222 33,480 29,480 96,566 26,619 1 6 , 9 1 8 27,543 138,765 50,898,526 25,095 3,245 3,011 9,278 7,319 31,207 2793,591 12,787,368 1,566 2/6,616 4,489 1,006 12,429 3,349 762 7,839 1,429 521 7,171 509 24,755 3070,357 4372,200 3051,138 2642,976 9010,439 2091,915 1210,083 2181,681 1,905 316 2,375 598 1,305 35 1,122 101 20,160 3,654 15 992 653 680 2137,705 1971,134 11,172 14,944 6,912 9,158 1,184 43,097 948,940 1043,044 2633,554 174,879 206,186 387,345 1,073 4,875 9,856 Dallas SanFxan. 1,137 992 2,180 29,985 1,307 6,476 1,231 5548,314 32,35C 66,724 2,l4c 13,404 2023,846 5662,932 1,227 2,685 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 2 6 , 6 3 3 , 2 8 0 1641,195 5,957,943 1878,638 2497,501 1884,649 1413,952 5091,216 1200,178 614,901 1043,744 767,269 2642,094 Collateral for F.R. notes: Gold certificates 1 1 , 2 0 8 , 0 0 0 64o,ooo 2 , 6 7 0 , 0 0 0 800,000 1050,000 675,000 500,000 2400,000 355,000 175,000 280,000 283,000 1380,00c 20,22= Eligible paper 14,035 — 35,025 -— 23,616 24,975 55,042 186,923 14,005 U. S. Govt, securities 1 7 , 0 6 5 , 0 0 0 1200,000 3 , 6 0 0 , 0 0 0 1200,000 1500,000 1300,000 1000,000 2900,000 920,000 500,000 800,000 525,000 l620,00C 28,459,923 1854,005 6,270,000 2014,035 2550,000 2010,025 1500,000 5300,000 1298,616 699,975 1135,042 808,000 3020,22= Total collateral l/ After deducting $297,360,000 participations of other Federal Reserve Banks. 2/ After deducting $18,479,000 participations of other Federal Reserve Banks. M
@FedFRASER