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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release February 2, 1956 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The weekly average of member bank reserves for the week ending February 1 decreased $183 million to $18,834 million. Estimated required reserves decreased $139 million; and estimated excess reserves decreased $44 million to $444 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $555 million, compared with $326 million the week before. The principal changes reducing reserves were decreases of $314 million in Federal Reserve float and $101 million in Federal Reserve holdings of U. S. Government securities, and increases of $79 million in Treasury deposits with Federal Reserve Banks and $25 million in "other" deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $185 million in member bank borrowings, and decreases of $138 million in money in circulation and $19 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $232 million. As of Wednesday, February 1, holdings of U. S. Government securities bought outright were $39 million lower than a week earlier and member bank borrowings were $87 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought outright--Sys tem account Held under repurchase agreement Acceptances—bought outright Loans, discounts, and advances-Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Weekly averages of daily figures Change from week ending, Week ending Feb. 1, 1956 Jan, 25, 1956 Feb, 2. 1955 (][n millions of dollars) 23,414 2 18 -103 + 2 - 2 -430 - 6 +18 999 1 8l4 25,240 21,693 5,016-0^ 5 & +185 +598 -122 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) 30,223 798 464 369 343 919 337US Member bank reserves— Required reserves (estimated) Excess reserves (estimated) 18,834 18,390 444 -314 -232 + 1 + 1 ^230 - 21 + 22 4Z0S -138 + 5 + 79 - 19 + 25 + - 36 33 72 76 +3§ -183 -139 - 44 -118 + 29 -147 For Wednesday Federal Reserve figures see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANK COMBINED - attached. Latest Wednesday figures for other items appearing above are, in millions of dollars: Gold stock 21,693 Treasury cash holdings 798 Treasury currency outstanding 5,010 Member bank) - Required (est.) 18,388 Money in circulation 30,196 reserves ) - Excess (est.) 507 On February 1, 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,721 million, an increase of $41 million for the week and an increase Of $837 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. 2, Jan, 25, 1956 1955 Feb. 1, 1956 A S S E T S 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 Acceptances--bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U, S. Government securities 20,156,352 859,120 21,015,472 384,962 456,251 933,702 674 18,008 5,001 + + + 6,6l6 86,823 18 l,6lk 580,500 + + 38,500 - 600,144 -7,961,642 +8,128,642 - 38,500 r 38*500. - 433,144 24,000 457,144 24,421,246 + 46,727 - 185,566 4,487,000 62,014 201,102 51,020,069 - 126,658 51 7,657 98.751 + + + + 597,685 6,697 31*137 585,697 56,883 + 538,354 179,706 63,513 36,537 7,424 - 204,036 - 58,950 + + 460,325 457,092 1,685 525,436 + + 14,925 32,711 + + 12,625 585,697 5,920,699 14,165,913 2,801,750 23,468,862 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 36,340 17,750 ,4,677 22,427 172,283 14,112 253,473 97 18,008 22 L I A B I L I T I E S Federal Reserve notes *" Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 18,895,074 397,840 359,937 354,320 20,007,171 3,691,175 12,733 . 49,859,392 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 305,459 693,612 27,543 142,063 51,020,069 + - 26,148,313 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 3 + + + 87,000 - 136,299 T z 359 -106,461 538 " 9 B # 45.5# .v% f:^ 874 _32_ - 105,018 - 100,321 9,465 70S MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 1, 1956 (Acceptances and securities held under repurchase agreement are classified 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 to 10 years Over 10 years Total Discounts and advances 926,706 6,996 933,702 Industrial loans 1 14 568 91 ~GW Acceptances 6,675 11,333 18,008 U. S. Government securities 218,500 5,374,000 13,860,764 1,587,127 1,013,614 1,414,857 23,460,062 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 1, 1956 H.4.l(b) Total Philadelphia Cleveland New York 20,156,352 949,807 5,436,013 1168,582 1783,712 1246,362 859,120 53,083 San Francisco St. Louis Minneapolis Kansas City Dallas 864,641 3591,858 892,708 344,457 801,809 675,893 2400,510 154,383 44,309 23,658 41,578 26,783 75,079 917,981 3746,241 937,01? 368,115 843,38? 702,676 2475,589 Richmond Atlanta Boston Chicago A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 21,015,472 1002,890 178,912 60,911 77,499 69,585 5,614,925 1229,493 1861,211 1315,947 53,340 F.R. notes of other Banks Other cash 384,962 456,251 23,237 33,278 90,878 101,133 29,284 28,336 17,818 33,781 43,688 28,763 62,197 36,648 26,145 71,859 11,101 21,637 11,52? 11,149 7,741 16,865 20,720 17,360 40,626 55,442 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 933,702 6?4 75,550 153,200 54,536 43,420 272,830 27,050 28,100 58 40,266 39,140 100,450 — 42,680 616 56,480 - - 580,500 5,920,699 14,165,913 2,801,750 23,468,862 32,057 326,965 782,298 154,724 I 1 Total U. S. Govt, sees. 18,008 18,008 23,468,862 1296,044 Total loans & securities 24,421,246 1371,594 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 4,487,000 62,014 201,102 1 340,153 5,610 10,671 - - -- - - - - - - - - " 34,200 49,889 29,964 101,254 147,531 35,331 1,504,716 360,345 508,843 348,812 305,615 1032,730 3,600,196 862,166 1217,461 834,571 731,216 2470,918 712,051 170,520 240,791 165,062 144,621 488,701 5,964,494 1428,362 2016,984 1382,645 1211,416 4093,603 24,090 245,697 587,857 116,267 973,911 14,067 25,24? 143,476 257,491 343,283 616,075 67,895 121,848 568,721 1020,661 23,277 237,408 568,025 112,344 941,054 63,593 648,601 1551,84? 306,926 2570,96? 5,964,494 1428,362 2016,984 1382,645 1211,4l6 4093,603 973,911 568,721 1020,661 941,054 2570,96? 6,135,702 1471,658 2073,464 1437,181 1254,836 4366,433 1000,961 596,879 1060,927 980,194 2671,417 1 101,282 2,497 4,760 1 221,631 2,245 9,357 1/ 6 842,266 7,851 49,544 2 274,436 5,027 11.851 2 448,24? 6,04? 17,362 1 329,792 5,395 11,733 1 345,199 4,030 11,176 3 721,975 6,052 36,312 1 180,165 3,399 8,093 1 198,655 3,599 8,550 51,028,069 2787,434 12,842,305 3050,087 4457,932 3172,500 2632,068 8975,020 2162,374 1096,210 2139,725 1954,184 l/ After deducting $16,000 participations of other Federal Reserve Banks. — — 2 483,199 10,262 21,693 5758,230 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 1, 1956 2 (in thousands of dollars) Total Boston 1 New York |Richm01ld A t l a n t a ^Slla Chicago L ^'g ^Sis ^Cit^ Dalla8 Francisco L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U»S.Treas.-gen. acct. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL 26,148,313 1558,331 18,895,074 797,910 20,349 20,650 397,840 359,937 2.864 354,320 20,007,171 841,773 3,691,175 316,295 12,733 49,859,392 695 5,950,123 1779,409 2428,604 1975,212 1340,623 5050,660 1216,549 520,548 1033,545 692,927 2601,782 5,448,125 866,016 19,613 13,300 969,081 2507,323 896,570 3078,784 24,200 56,875 15,400 49,000 704,940 20,304 13,300 416,175 3186,724 746,312 453,884 648,203 234,900 355,794 270,335 298,644 570,422 152,927 1/110,012 890,705 1502,683 24,714 29,276 25,200 31,850 5,915,741 951,044 1565,938 83,428 274.176 3,523 10.425 694 2.129 816,762 26,308 17,850 3-770 9.515 864,690 938,705 1,652 508 536 2.065 2,336 7.768 4l4 28,022 8,750 Q17 2.651 27,397 17,850 962 37,354 36,775 44.016 901,582 1015,290 2625,488 90,751 157,555 187,o4l 408,308 417 2717,094 12,517,590 2966,047 4351,988 3110,745 2578,508 8810,142 2116,202 1065,600 473 2093,155 388 1,097 1895,646 5636,675 ACCOUNTS Capital paid in Surplus (Section 7 ) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting, liab. on acceptances purchased for foreign correspondents Industrial loan commit. F . R. notes outstanding Collat. for F . R« notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral l/ After deducting 2/ After deducting 305,459 693,612 27,543 142,063 16,207 41,667 3,011 9.455 51,028,069 2787,434 32,853 2,488 1,929 27,498,708 1653,233 11,713,000 640,000 75,550 224,284 17,025,000 28.062.28k 89,687 195,827 7,319 31,882 19,967 29,641 13,992 49,491 62,563 35,012 4,489 10,093 1,006 12,734 12,842,305 3050,087 4457,932 2/9,505 30,841 101,894 10,637 6,947 27,649 17,586 3172,500 2632,068 8975,020 2162,374 1096,210 3,349 9.402 13,905 762 8,052 40,876 1,429 20,679 521 7.365 2,354 2,976 1,668 1,439 4,578 1,243 67 282 11 ---FEDERAL RESERVE AGENTS' ACCOUNTS 6,272,229 1886,042 2565,060 2057,174 I4l6,l44 5233,24? 1278,512 2,870,000 — 725,000 1070,000 42,680 — 845,000 10,638 500,000 2400,000 — — 450,000 27,050 1,073 5.004 817 12,410 16,680 1,137 7.06l 1,307 6.704 25,960 33,84? 34,510 71,275 2,l4o 11.610 2139,725 1954,184 5758,230 1,668 3,433 576,588 1064,180 738,822 2757,477 150,000 28,100 283,000 1500,000 -- 1,243 2,128 280,000 40,266 1200,000 1,600,000 1200,000 1550.000 1250.000 1000.000 1000.000 900.000 500.000 800.000 525.000 1500.J30Q. 1915.550 6.470.000 1967.680 2620.000 2105.6l8 1500.000 5400,000 1177.050 678.100 1120.266 808.000 1000.jm $249,9'30,000 participations of other Federal Reserve Banks* $23,3'to*000 participations of other Federal Reserve Banks*
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