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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release February 9, 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 8 decreased $6l million to $18,773 million. Estimated required reserves decreased $90 million; and estimated excess reserves increased $29 million to $473 million. Member bank borrowings a t the Federal Reserve Banks exceeded excess reserves by $3^9 million, compared with $555 million the week b e f o r e . The p r i n c i p a l change reducing reserves was a decrease of $177 million in member bank borrowings. The p r i n c i p a l o f f s e t t i n g changes were decreases of $58 million in Treasury deposits with Federal Reserve Banks and $12 million in "other" deposits with Federal Reserve Banks, and an increase of $26 million in Federal Reserve f l o a t . Total Reserve Bank c r e d i t decreased $144 million. As of Wednesday, February 8, holdings of U. S. Government s e c u r i t i e s bought outright were $25 million lower than a week e a r l i e r and member bank borrowings were $107 million lower. Member bank r e s e r v e s , Reserve Bank c r e d i t , and r e l a t e d items Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s - Bought outright--System account Held under repurchase agreement Acceptances--bought o u t r i g h t Loans, discounts, and advances-Member bank borrowings Other Float Total Reserve Bank c r e d i t Gold stock Treasury currency outstanding Weekly averages of d a i l y f i g u r e s Change from week ending Week ending Feb. 8, 1956 Feb. 1, 1956 Feb. 9, 1955 (]Cn millions of d o l l a r s ) 23,423 — 18 + 9 2 -- -479 -Ilk + 18 822 1 840 25,10% 21,693 5,010 517B07 -177 -+ 26 -144 ---143 +387 -120 +200 -108 - 22 +22 -108 Money in c i r c u l a t i o n 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) 30,219 796 406 365 331 33,03% - 4 - 2 - 58 - 4 - 12 - 2 ^~B2 +425 - 31 - 66 - 82 -149 +22 +119 Member bank r e s e r v e s - Required reserves (estimated) Excess reserves (estimated) 18,773 15,300 473 - 6l - 90 + 29 -227 + 28 -255 917 For Wednesday Federal Reserve f i g u r e s see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED- attached. Latest Wednesday f i g u r e s f o r other items appearing above a r e , in millions of d o l l a r s : Gold stock 21,693 Treasury cash holdings 802 Treasury currency outstanding 5,009 Member bank) - Required ( e s t . ) 18,272 Money in c i r c u l a t i o n 30,205 reserves ) - Excess (est.) 403 On February 8, 1956, U. S. Government s e c u r i t i e s held in custody by the Federal Reserve Banks f o r foreign account were $3,738 million, an increase of $17 million for the week and an increase of $872 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 d o l l a r s ) Change since Feb. 1, Feb. 9, 1955 1956 Feb. 8, _!25£_ ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F. R. notes Total gold c e r t i f i c a t e reserves F.~R. notes of other Banks Other cash Discounts and advances I n d u s t r i a l loans Acceptances--bought o u t r i g h t U. S. Government s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates Notes Bonds Total bought o u t r i g h t Held under repurchase agreement Total U. S. Government s e c u r i t i e s 17,750 20,156,353 856,558 21,012,911 360,549 444,402 826,662 644 16,478 - 555,700 5,920,699 14,165,913 - 624,944 -7,961,642 +8,128,642 24,800 457,944 114,000 571,944 63,736 -- 24,800 24,287,846 22 3,935,607 62,024 211,351 50,314,712 - 133,400 - —- • - 551,393 + 10 + 10,249 -713,357 + 300,918 + 6,618 + 34,417 + 368!188 26,121,789 26,524 + 508,107 18,674,576 305,448 369,208 315,066 - 220,498 92,392 + 9,271 39,254 - 342,873 - 352,891 19,664,298 3,338,284 13,853 49,130,224 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section l j b ) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,800 23,444,062 — «• 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 a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES 147,709 15,274 + 491,607 + 123 + 16,478 - 23^444,062 Total loans and s e c u r i t i e s Due from foreign banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS •• m 24,413 11,849 107,040 30 1,530 306,075 693,612 27,543 149,258 50,314,712 Ratio of gold c e r t i f i c a t e reserves to deposit and F. R. note l i a b i l i t i e s combined Contingent l i a b i l i t y on acceptances purchased for foreign correspondents I n d u s t r i a l loan commitments ______ + - 1,120 721,16# 6l6 - 7,195 713,357 163,670 1,263 - 101,358 - 142,150 - 408,441 + 225,470 + ^4 + 325,170 + + 15,074 32,711 + 15,233 + 388:188 .1$ 45.9# 31,847 2,517 - 1,006 29 8,005 725 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 8, 1956 (Acceptances and s e c u r i t i e s held under repurchase agreement are c l a s s i f i e d as maturing within 15 days in accordance with maximum maturity of the agreements.) X 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 819,536 Industrial loans 1 14 538 91 826,662 644 7,126 Acceptances ept "67732 9,746 16,478 U. S. Government securities 107,500 5,460,200 13,860,764 1,587,127 1,013,614 1,4l4,857 23,444,062 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 8, 1956 H.4.1(b) Total Boston PhilaNew York delphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City 812,631 690,279 Dallas San Francisco ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F. R. notes Total gold c e r t i f i c a t e reserves 20,156,353 856,558 964,281 5,287,223 1152,295 1745,877 1274,582 890,866 3626,793 886,677 329,440 68,828 53,220 154,160 44,242 23,637 41,526 26,736 74,966 944,086 3780,953 930,919 353,077 854,157 717,015 2570,375 52,925 21,012,911 1017,206 F.R. notes of other Banks Other cash 360,549 444,402 Discounts and advances I n d u s t r i a l loans Acceptances— Bought o u t r i g h t U», S. Govt, s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates Notes Bonds Total Held under repurchase agreement 826,662 644 178,369 60,667 77,282 5,465,592 1212,962 1823,159 1343,410 2495,409 17,606 33,370 83,274 104,915 26,391 25,044 14,864 34,843 41,897 27,033 62,514 31,438 26,011 71,157 10,892 20,965 9,527 9,708 6,519 15,620 19,863 17,180 36,191 53,129 16,130 229,145 56,630 566 90,211 45,554 45,420 188,765 10,700 32,250 58 33,157 36,250 42,450 13,466 24,168 22,283 96,928 23,061 143,476 257,491 237,408 1032,730 245,697 2470,918 587,857 343,283 616,075 568,025 488,701 116,267 67,895 121,848 112,344 4089,277 972,882 568,120 1019,582 940,060 60,876 648,601 1551,847 306,926 256ti,250 16,478 16,478 30,688 555,700 5,920,699 326,965 14,165,913 782,298 2,801,750 154,724 23,444,062 1294,675 32,738 28,684 141,228 33,822 47,758 1,504,716 360,345 508,843 348,812 305,615 3,600,196 862,166 1217,461 834,571 731,216 712,051 170,520 240,791 165,062 144,621 5,958,191 1426,853 2014,053 1361,183 1210,136 Total U. S. Govt, sees. 23,444,062 1294,675 5,958,191 1426,853 2014,853 1381,183 1210,136 4089,277 972,882 568,120 1019,582 940,060 2568,250 Total loans & s e c u r i t i e s 24,287,846 1310,805 6,203,814 1484,069 2105,064 1426,737 1255,556 4278,042 983,582 600,428 1052,739 976,310 2610,700 1 1 103,069 189,072 2,497 3,600 4,976 8,923 1 183,635 2,246 9,760 2 426,946 10,262 23,084 50,314,712 2717,287 12,608,854 3000,243 4352,331 3175,493 2629,302 8834,214 2126,375 1083,283 2130,631 1926,010 5730,689 Due from f o r e i g n banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 22 3,935,607 62,024 211,351 1 321,075 5,610 11,614 1/6 686,388 7,851 52,014 1 2 2 234,226 350,320 318,645 5,395 5,027 6,055 12,375 12,522 18,024 1/ A f t e r deducting $16,000 p a r t i c i p a t i o n s of other Federal Reserve Banks 1 3 320,047 634,022 4,030 6,052 11,630 37,974 1 168,162 3,399 8,455 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 8, 1956 ( I n thousanda of d o l l a r s ) Total Boston C New York \ ™ ~ | Richmond Atlanta Chicago Dallaa ^ouL Francisco L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U«S,Treas.-gen. a c c t . Foreign Other Total d e p o s i t s Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES 26,121,789 1553,783 18,674,576 305,448 369,208 315,066 19,664,298 3,338,284 5,941,123 1775,833 2422,719 1974,197 1337,467 5052,601 1213,092 759,102 5,412,712 885,141 1442,80? 24,064 56,767 13,629 30,159 21,712 1/106,431 26,496 33,488 2,816 " 236,303 9,542 1,301 807,694 5,812,213 934,808 1507,755 284,415 525,113 204,373 817,636 27,162 18,768 2,839 866,405 313,641 272,044 909,590 2993,931 686,377 23,970 45,159 12,312 16,192 51,520 13,984 2,294 1,313 8,674 952,046 3091,923 721,347 285,193 521,032 144,946 519,765 1031,495 690,675 2609,039 412,421 655,611 966,513 2532,735 19,412 22,167 22,856 7,791 9,200 13,984 18,768 38,665 1,251 2,935 1,173 44,625 442,284 894,697 1009,310 2623,816 90,016 156,888 166,503 374,120 668 3,775 735 1,633 688 672 2,386 476 433 535 521 1,331 13,853 49,138,224 2646,560 12,282,224 2915,749 4245,748 3113,334 2575,378 8667,942 2079,861 1052,498 2083,615 1867,009 5608,306 CAPITAL ACCOUNTS C a p i t a l paid i n Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. l i a b . on acceptances purchased f o r f o r e i g n correspondents I n d u s t r i a l loan commit. F . R. notes outstanding C o l l a t . f o r F. R. notes: Gold c e r t i f i c a t e s E l i g i b l e paper U. S. Govt, s e c u r i t i e s Total c o l l a t e r a l 306,075 693,612 27,543 149,258 16,246 41,667 3,011 9,803 89,732 195,827 7,319 33,752 19,985 49,491 4,489 10,529 29,671 62,563 1,006 13,343 14,012 35,012 3,349 9,786 10,722 27,649 521 7,622 6,949 17,586 1,073 5,177 12,476 25,960 1,137 7,443 16,873 33,847 1,307 6,974 34,557 71,275 2,l4o 14,411 50,314,712 2717,287 12,608,854 3000,243 4352,331 3175,493 2629,302 8834,214 2126,375 1083,283 2130,631 1926,010 5730,689 27,384,675 1642,589 2,254 2,848 1,596 1,377 4,382 1,189 96 282 11 — — — FEDERAL RESERVE AGENTS' ACCOUNTS 6,244,672 1880,964 2558,360 2048,104 1404,542 5209,846 1277,973 575,206 1058,855 736,328 2747,236 11,713,000 640,000 16,130 150,663 17,025,000 1200,000 28.888,663 1856,130 2,870,000 725,000 1070,000 845,000 500,000 2400,000 450,000 — 56,630 — 1,796 — — 10,700 3,600,000 1200.000 1550,000 1250.000 1000,000 3000,000 900,000 6,470,000 1981,630 2620,000 2096,796 1500,000 5400,000 1360,700 150,000 280,000 32,250 33,157 500.000 800.000 682,250 1113,157 283,000 1500,000 31,847 2.517 1,847 2/9,499 1 / A f t e r deducting $262,752,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 2 / A f t e r deducting $22,348,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 13,926 40,926 30,841 101,894 762 1,429 8,395 22,023 783 — 1,189 2,128 1,596 3,287 525.000 1500.000 808.000 3000.000.
@FedFRASER