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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H .4.1 (For Immediate Release) February 4, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended February 3, Member bank reserves increased $11 million. The principal changes supplying reserves were an increase of $365 million in Reserve Bank credit and a decrease of $ 1 6 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $221 million in Treasury deposits with Federal Reserve Banks, $67 million in Other deposits with Federal Reserve Banks, $30 million in Money in circulation, and $12 million in Treasury cash holdings, and a decrease of $50 million in Gold stock. The increase of $365 million in Reserve Bank credit resulted from increases of $405 million in Loans, discounts and advances, $57 million in U. S. Government securities held under repurchase agreement, and $ 5 6 million in U. S. Government securities bought outright, and a decrease of $153 million in Float. Holdings of U. S. Government securities bought outright reflected an increase of $56 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. 3, 1954 Change since Feb . 4, Jan. 27, 1954 1953 (In millions of dollars ) 24,717 57 517 + 56 + 57 +405 -153 569 25,860 +365 21,956 4,899 - 50 + 9 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) 29,930 807 457 477 345 + 30 + 12 +221 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 + •* - + + - - 829 44 871 202 288 979 79 273 524 215 829 - 16 + 67 - 2 + + 19,870 + 11 - 19,213 657 - 16 + 27 + 306 211 -817 +135 254 -1,347 • „ 85 19 59 714 743 29 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,632 million, an increase of $58 million for the week and an increase of $44-9 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) Jan. 27, 1954 Feb. 3, 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 + + 45,000 115 "557115 4,625 404,779 47 + 56,575 20,384,102 890,003 21,275,105 462,871 515,245 1,942 1,995,575 5,8l6,54l - - - 13,263,671 3,641,150 25:715,937 56,900 25,7731537 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 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 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 — — - - + + + 56,575 56,900 1137575 + 518,301 Feb. 4, 1953 595,998 131,673 "554,325 + 54,802 869,420 + 1,832 +1 ,399,321 + 820,825 510,000 880,825 + 829,321 - - + 44,200 7557121 86,131 25,291,024 22 206,050 3,541,629 52,800 195,627 51,024,128 13,394 350,580 + 90 8,328 4+ LLd j Odr) 7,322 125,503 4,091 10,420 634,809 25,824,633 + 19,541 + 231,557 19,869,521 457,203 476,996 345,037 21,148,757 2,972,836 15,097 49,961,323 + + 10,529 - + 164,362 268,419 + 1,236 - — - - + + - Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 221,474 15,604 67,134 283,533 197,087 1,625 — — JL — - 625,013 27,543 141,830 51,024,128 - - - + - + - - + 714,673 215,227 84,952 19,307 995,545 76,223 654 688,419 13,450 40,337 -- — — + + 45.3% 16,332 3,425 - - 7,227 112,825 M 1,935 88 - 177 634,809 .2$ - - + 5,931 134 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 3, 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 491,130 24,115 Industrial loans 307 643 914 78 515,245 "1,942 U. S. Government securities 4,185,950 1,788,725 9,855,241 6,154,664 1,374,400 1,414,857 25,773,837 H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 3, 1954 (in thousands of dollars) A S S E T S Total Gold certificates Redemption fund for F. R. notes Boston 20,384,102 1019,628 New York Phila. Rich. Atlanta 5,516,791 1279,813 1764,325 1047,l6l 918,125 3677,369 58.362 150,795 54,381 181,826 60,010 Total gold certificate reserves 21,274,105 1074,009 5,698,617 1339,823 94,907 73,645 31,230 5,060 1,489 890,003 Other cash 462,871 36,351 Discounts and advances 515,245 5,625 Industrial loans 1,942 U. S. Govt, securities: Bought outright— Bills 1,995,575 109,884 Certificates 5,8l6,54l 320,281 Notes 13,263,671 730,351 Bonds 3,641,150 200,497 Total 24,716,937 1361,013 Held under repurchase agreement 56,900 Total U. S. Government securities 24,773,837 Total loans and securities TOTAL ASSETS 81,587 Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 838,544 481,252 809,267 775,314 2256,513 49.196 25,479 1845,912 1119,806 976,487 3828,164 887,740 506,731 72,645 78,682 41,295 30,244 84,183 850,562 805,558 2340,696 26,912 10,270 9,124 8,025 119 16,128 11,560 19,082 13,705 49,322 80,480 513,717 120,241 169,402 118,338 102,072 344,900 83,956 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 ,362,832 1459,294 2098,196 1465,714 1264,24? 4271^878 1039^866 49,253 143,558 327,360 86,973 253,501 79,270 217,569 33,630 46,805 26,943 23,615 50 40,560 37,220 284 199,235 231,051 634,154 578,071 526,873 1446,085 89,868 158,693 610,039 1077,238 144,637 396,981 981,031 2694,789 56,900 1361,013 6,419,732 1489,294 2098,196 1465,714 1264,24? 4271,878 1039,866 610,039 1077,238 981,831 2694,789 25,291,024 1366,638 Due from foreign banks 22 F.R.notes of other banks 206,050 Uncollected cash items 3,541,629 Bank premises 52,800 Other assets 195,627 Cleve. 1 4,127 296,353 6,198 10,515 6,493,377 1495,843 2145,001 1/ 6 2 24,627 659,300 7,438 49,047 2 9,174 229,564 4,752 11,647 10,369 302,672 5,212 17,002 1489,379 1301,751 4471,113 1 46,287 294,233 4,696 11,667 1 27,189 262,503 3,971 10,676 3 24,967 1050,136 618,183 1088,798 995,536 2775,269 1 9,706 562,644 155,246 6,429 2,891 33,282 8,153 1 11,304 88,728 1,021 4,769 1 5,404 190,429 2,219 9,111 1 16,036 139,078 584 8.377 2 16,860 360,879 7,389 21,381 51,024,128 2794,192 13,027,319 3122,035 4359,800 2993,012 2623,138 9005,284 2140,785 1239,861 2162,652 1984,252 5571,798 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 3, 1954 (In thousands of dollars) Total Boston Federal Reserve notes 25,824,633 1590,047 Deposits: Member bank-reserve accts. 19,869,521 817,477 U.S.Treasurer-general acct. 457*203 34,553 28,396 Foreign 476,996 4,231 Other New York Cleve. Rich. Atlanta Chicago St.Louis 5,725,258 1845,764 2397,960 1788,456 1382,098 4994,328 1177,227 909,580 3263,607 5,983,770 61,222 1/146,470 21,148,757 2,972,836 884,657 252,970 15,097 741 4,069 TOTAL LIABILITIES Capital paid in Surplus (Section 7 ) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,961,323 2728,415 268,419 14,579 625,013 38,779 27,543 3,011 12,728,212 83,095 897,164 250,311 228,756 1,707 715 652 3043,464 4262,788 2936,646 2574,753 18,186 25,602 11,853 11,533 176,633 45,909 57,648 31,750 28,034 7,319 4,489 1,006 3,349 762 32,060 9,987 12,756 9,414 8,056 141,830 9,408 51,024,128 2794,192 13,027,319 3122,035 16,332 3,425 994 2/4,759 1,206 1,602 959,841 1072,510 2597,702 157,438 141,329 299,228 562 558 963,247 3402,572 457,612 264,463 852 496,538 80,546 1,072 1598,658 2,675 17,689 1,429 521 7,424 4359,800 2993,012 2623,138 9005,284 2140,785 831 748 47 561 1,073 5,002 1,137 7,034 4o8 619 872 1464,101 5193,398 1240,024 654,818 1034,698 129 1,472 2,266 1,307 6,680 2,l4o 13,501 1239,861 2162,652 1984,252 5571,798 619 701 533 8857,187 2098,107 1211,562 2120,808 1934,800 5464,581 35,368 9,268 6,005 10,217 13,319 29,394 90,792 25,465 16,219 23,456 28,146 62,182 20,508 1,500 720,428 2566,179 795,483 124,835 1,154 64,704 633,920 1002,968 7,710 747,893 22,191 20,017 Dallas SanFran. 911,660 1027,104 2470,901 28,697 22,866 47,358 17,689 21,879 47,500 1,795 661 31,943 73,189 823,189 45,619 23,741 Mpls. Kans.Cy. 460,580 22,787 11,638 1,533 32,496 932,492 1521,268 36,394 29,831 34,447 42,826 4,733 1004,724 6,475,661 : 523,224 192,124 Total deposits Deferred avail, cash items Other liabilities and accrued dividends Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments Phila. 27 766 1,663 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 27,202,817 1682,500 6,025,265 1963,813 2532,305 1887,602 764,399 2759,894 2,670,000 800,000 1050,000 625,000 435,000 435,000 2400,000 24oo,ooo 355,000 175,000 280,000 283,000 1380,000 77,450 68,595 3,950 — 22,850 9,700 7,650 10,990 3,600,000 1200,000 1550,000 1350,000 1100,000 2900,000 960,000 500,000 800,000 525,000 1620,000 28,603,895 1844,710 6,338,595 2003,950 2600,000 1997,850 1535,000 5300,000 1324,700 682,650 1090,990 808,000 3077,450 11,093,000 640,000 205,895 4,710 17,305,000 1200,000 1/ After deducting4630,505,000 participations of other Federal Reserve Banks. 2/ After deducting $11,573,000 participations of other Federal Reserve Banks.
@FedFRASER