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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM E 'i+'1 (For Immediate Release) February 18, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items Principal offsetting change was an increase of $84 million in Other F accounts (net). R with no change in the total. 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 Geld stock Treasury currency outstanding Feb. 17 , 1954 Change since Feb. 10, Feb. 18 1954 1953 (In millions of dollars) 24,8C6 293 798 - 57 -149 3 - 443 - 225 + 249 - 765 + 84 -102 + 167 -105 + 9 + 138 - 468 + 24 912 + 84 + 77 19,845 +191 - 473 25,897 +289 + 82 21,957 4,905 + 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) 29,821 820 + 2 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 U + 918 2 533 482 346 18,946 - - + 8 - 45 + 102 -1,033 899 +236 + 560 632 301 + 18 - 59 962 57 - s - Government securities held in custody by the Federal Reserve Banks fo foreign account were $2,690 million, an increase of $13 million for the week and an increase of $478 million from the comparable date a year ago. k.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Feb. 10, 1954 Feb. 17, 1954 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 20,384,101 883,228 21,267,329 453,541 291,231 1,846 2,084,575 6,051,191 13,029,021 3,641,150 24,805,937 - - Total loans and securities Due from foreign "banks F. R. notes of other "banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 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 - + - + - - 24,805,937 - 25,099,014 - 22 181,625 4,698,580 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 . Feb. 18, 1953 4 3,518 3,522 3,857 149,220 2 234,650 234,650 + 269,315 625,013 27,543 155,641 51,882,126 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + 916,321 206,122 + 473,799 - 1 - 89,768 190,605 104,262 8,684 7,660 102,687 911,079 125 923,873 649 - - 16,714 + 230,030 + 4,057 - + 27,939 418,356 + 118,584 - 472,784 + + + - + 138,827 24,402 101,454 208,101 455,016 + 6l 365>38 + + 13,430 40,337 - — — + + — — 6,927 931,449 45.4# 12,751 3,134 2,000 > - + 880,825 918,321 56,900 56,900 25,681,823 - 440,656 1,866 +1,488,321 +1,055,475 744,650 - 52,932 129,083 51,882,126 + + + + - - - - — — + 127,998 273,003 + 28,127 - - - + 13,568 +1,199,911 + 115 76,358 + 931,449 19,844,867 533,458 482,090 345,606 21,206,021 3,900,380 16,390 50,804,614 401,001 + - + 849 418,356 - - + 1,747 8 - - 13,191 58 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 17, 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 265,231 26,000 Industrial loans 291 403 1,078 74 291,231 T7B5T U. S. Government securities 403,700 1,600,875 6, 051, % H 1,374,400 1,414,857 24,005,937 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 17, 1954 (In thousands of dollars) 5.4.1(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 Boston 20,384,101 1028,387 883,228 54,072 21,267,329 1082,459 453,541 291,231 1,846 2,084,575 „ 6,051,191 13,029,021 3,641,150 24,505,937 35,193 8,485 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 5,498,741 1240,944 1725,467 1027,378 916,775 3776,252 180,531 59,474 81,203 69,842 58,021 150,380 Mpls. Kans.Cy. Dallas SanFran. 818,948 481,889 847,518 726,328 2295,474 49,066 25,410 5,679,272 1300,418 1806,670 1097,220 974,796 3926,632 868,014 507,299 91,881 10,890 -- 30,023 11,405 1,427 33,090 17,721 -- 26,026 14,040 4o 114,785536,628 125,604 176,957 123,616 333,203 1,557,746 364,609 513,680 358,836 717,429 3,354,035 785,050 1106,020 772,621 200,497 937,334 219,394 309,094 215,919 1365,914 6,305,743 1494,657 2105,751 1470,992 41,813 26,095 263 78,439 68,420 25,314 6,790 — 8,773 22,840 116 41,178 30,146 83.905 888,696 756,474 2379,379 15,826 18,600 — 16,470 25,880 — 50,693 60,065 -— 106,624 360,282 87,701 51,449 90,852 82,805 227,272 309,512 1045,839 254,580 149,349 263,729 240,371 659,737 666,422 2251,833 548,144 321,569 567,843 517,553 1420(502 186,241 629.306 153,186 89,868 158,693 144,637 396.981 1260,799 42b7,26o 1043,611 612,235 1081,117 985366 2704,492 Total U. S. Government securities 24,805,937 1365,914 6,385,743 1494,657 2105,751 1470,992 1268,799 4287,260 1043,611 612,235 1081,117 985,366 2704.492 Total loans and securities 25,099,014 1374,399 6,396,633 1507,489 2123,472 1485,072 1295,157 4355,680 1050,401 635,191 1099,717 1011,246 2764,557 22 1 181,625 4,398 4,698,580 359,088 52,932 6,198 129,083 6,928 1/ 6 2 2 1 l 3 1 1 1 1 2 21,343 8,454 8,46l 29,955 30,842 18,134 7,449 11,116 6,960 10,269 24,244 965,690 311,672 423,292 345,806 321,263 789,020 183,831 113,523 199,099 223,586 462,710 7,455 4,752 5,202 4,704 3,971 6,429 2,891 1,021 2,221 584 7,504 31,970 7,610 11,243 7,701 7,256 21.791 5.254 3,146 6,239 5,810 14,135 Due from foreign banks F.R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 51,882,126 2868,664 13,194,250 3170,420 4411,432 2996,485 2675,099 9196,128 2143,155 1280,070 2218,759 2024,440 5703,224 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 17, 1954 (In thousands of dollars) H.4.1(c) Cleve. Rich. 25,681,823 1582,394 5,695,633 1839,418 2390,985 Federal Reserve notes Deposits: Member bank-reserve accts. 19,844,867 804,943 5,964,051 915,890 1492,376 61,182 54,398 24,445 U.S.Treasurer-general acct • 533,458 46,778 1/140,561 35,594 44,252 482,090 29,341 Foreign 288,653 l,26l 4,941 345,606 3,421 Other 1768,560 L I A B I L I T I E S Total Boston New York Phila. Atlanta Chicago St.Louis Mpls. Eans.Cy. Dallas SanFran. 1363,565 4978,054 1168,312 633,552 994,794 712,196 2554,360 792,202 918,366 3286,149 719,408 41,558 67,017 36,843 55,621 20,683 66,859 18,278 24,531 811 943 8,430 2,019 463,749 36,255 12,025 1,086 966,020 1003,338 2518,375 28,048 39,675 41,638 18,278 22,607 49,081 1,206 514 32,321 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 21,206,021 884,483 6,454,447 1007,143 1566,014 874,373 981,418 3420,968 782,959 513,115 1013,552 1066,134 2641,415 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 3,900,380 334,485 736,479 243,566 354,692 295,626 280,371 16,390 815 4,867 855 1,592 774 703 50,804,614 2802,177 12,891,426 83,193 269,315 14,598 176,633 625,013 38,779 7,319 27,543 3,011 35,679 155,641 10,099 3090,982 4313,283 2939,333 25,657 11,893 31,750 57,648 3,349 1,006 10,160 13,838 2626,057 18,257 45,909 4,489 10,783 643,581 148,167 2,8c6 518 104,198 167,354 195,354 396,507 574 594 753 1,539 9045,409 2099,956 1251,439 2176,294 1974,437 5593,821 6,016 10,235 13,368 29,767 11,549 35,491 9,291 16,219 23,456 28,146 62,182 28,034 90,792 25,465 1,073 1,137 1,307 2,140 762 1,429 521 5,323 7,637 7,182 15,314 8,697 23,007 7,922 51,882,126 2868,664 13,194,250 3170,420 4411,432 2996,485 2675,099 9196,128 2143,155 1280,070 2218,759 2024,440 5703,224 12,751 3,134 781 2/3,663 947 1,312 1,178 748 653 47 550 129 1,779 26 486 320 486 872 602 1,306 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding *26,987,253 1672,434 Collateral for F.R. notes: Gold certificates 11,093,000 640,000 Eligible paper 142,930 7,570 17 305,000 1200,000 U-. S. Govt, securities 28^540,930 1847,570 Total collateral 5,956,920*1956,129 2510,976 1868,315 1459,371 5160,049 1228,686 651,740 1027,721 753,859 2741,054 2,670,000 800,000 1050,000 625,000 435,000 435,000 2400,000 2400,000 355,000 175,000 280,000 283,000 1380,000 58,535 6,540 10,295 —13,275 ----6,220 22,465 18,030 3 , 6 0 0 , 0 0 0 1200,000 1550,000 1350,000 1100,000 2900,000 960,000 500,000 800,000 525,000 1620,000 6,276,540 2010,295 2600,000 1988,275 1535,000 5300,000 1321,220697,465 1098,030 808,000 3058,535 1 / After deducting $ 3 4 1 , 5 1 0 , 0 0 0 participations of other Federal Reserve Banks. 2 / After deducting $ 9 , 0 8 8 , 0 0 0 participations of other Federal Reserve Banks. * Last week's figures revised to 2 7 , 0 9 4 , 5 6 ? and 1 , 9 5 5 , 5 6 0 , respectively.
@FedFRASER