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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) January 13, 1955 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended January 12, Member bank reserves decreased $396 million. The principal changes reducing reserves were a decrease of $468 million in Reserve Bank credit and an increase of $235 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $238 million in Money in circulation, $6l million in Foreign deposits with Federal Reserve Banks, and $14 million in Other deposits with Federal Reserve Banks. The decrease of $468 million in Reserve Bank credit resulted from decreases of $341 million in U. S. Government securities bought outright and $332 million in Float, and increases of $178 million in Loans, discounts and advances and $27 million in U. S. Government securities held under repurchase agreement. Holdings of U. S. Government securities bought outright reflected a decrease of $341 million in bills. Member Bank Reserves and Related Items Jan. 12, 1955 Change since Jan. 5, Jan. 13, 1955 1954 (In millions of dollars) Reserve Bank credit: U. S. Government securities-Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 24,497 27 537 678 25,739 21,713 4,984 -341 + 27 +178 -332 -468 + 1 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) 30,196 821 457 503 387 904 -238 + 8 +235 - 61 - 14 - 1 - 88 + 46 +371 + 3 - 54 + 68 Member bank reserves 19,170 -396 -1,058 18,390 780 -176 -220 -860 -198 693 370 + 6 +131 - 86 +239 Required reserves (estimated) Excess reserves (estimated) Bally averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks - - -821 + 27 +379 - 76 -491 -317 + 94 U. 8, Government securities held in custody by the Federal Reserve Banks for foreign account were $2,960 million, an increase of $69 million for the week and an increase of $4o6 million from the comparable date a year ago. HA.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since Jan. 13, Jan. 5, 1954 1955 Jan. 12, 1955 ASSETS Gold certificates Redemption fund for F, R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,165,103 865,214 21,030,317 229,663 412,433 536,516 689 2 2,073 2,071 4- 14,917 + 30,533 + 178,238 14 - 287,998 31,718 - 3197715 9,729 16,803 + 380,446 1,114 1,775,744 13,882,341 6,037,271 2,801,750 24,497,106 27,000 24,524,106 341,256 31+17255 + 27,000 - 314,256 - 820,568 +8,065,800 -7,226,400 - 839,400 - 820,568 + 27,000 - 793,568 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 25,061,311 22 4,073,427 54,873 148,862 51,010,908 . 136,032 - 414,236 + - — — - — — - «u» — 75,499 132 7,193 - 160,827 - + + — — + + 165,517 2,425 20,022 - 612,564 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank--reserve accounts U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 19,169,560 456,838 502,733 386,541 20,515,672 3,395,461 14,539 49,917,786 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 288,878 660,901 27,543 115,800 51,010,908 + 45.2 % + M + .2$ 19,404 + 210 13 - 4,470 2^450 25,992,114 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments ; ; - + - + + - 165,308 187,031 ~ 396,116 235,166 60,892 14,167 236,009 256,403 489 166,148 -1,058,293 370,447 3,003 54,820 739,663 + 241,963 3,336 666,344 799 - - + + - - - 22,539 35,888 + + a* — + - l^ipj + LL 4,522 160,827 — — - - 4,647 612,564 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JANUARY 12, 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 409,379 33,787 93,350 - - Industrial loans 16 182 4l6 75 — — - - — — •— — 536,516 689 U. S. Government securities 625,500 5,189,244 13,193,764 3,087,127 1,013,614 1,414,857 24,524,106 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 12, 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 Bonds Total Held under repurchase agreement Total U. S. Government securities Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS Total Boston New York 20,165,103 991,298 5,253,364 865,214 53,581 Phila. Cleve. 689 1,775,744 13,882,341 6,037,271 2,801,750 24,497,106 27f 000 16,514 28,212 18,176 Mpls. Kans.Cy. Dallas SanFran. 1243,680 1723,2a 1111,953 929,561 3587,9k) 805,201 438,840 854,550 783,261 2442,17) 183,657 58,737 76,851 21,030,317 1044,879 5,437,021 1302,417 1800,135 229,663 412,433 536,516 Rich. Atlanta Chicago St.Louis 53,805 97,904 207>948 8,500 19,215 14,868 593 12,958 43,002 36,053 •» 74,295 53,802 143.843 47,088 24,617 39,725 28,736 80,28s 1186,248 983,363 3731,783 852,289 463,457 894,275 811,997 2522,455 20,887 23,542 17,642 —— 43,487 32,849 33,333 1- — 20,243 67,220 116,487 —— 8,752 24,457 21,367 6,145 9,327 10,463 96 6,459 13,301 33,679 11,778 14,333 8,267 20,135 39,071 18,233 97,982 453,582 108,068 152,194 ,, 90,440 310,432 74,306 43,607 76,612 69,776 194,157 „ . . 104,588 765,999 3,545,994 844,852 1189,814 817,643 707,042 2426,883 580,906 340,909 598,940 545,492 1517,867 333,125 1,542,112 367,416 517,436 355,583 307,484 1055,424 252,630 148,257 260,472 237,229 660,103 154,595 715,657 170,509 240,130 165,017 142,696 489,796 117,239 68,802 120,879 110,092 306.338 1351,701 6,257,345 1490,645 2099,574 1442,831 1247,662 4282,535 1025,081 601,575 1056,903 962,589 2678^65 -- 2% j 000 -«• -- -- -- — -- 24,524,106 1351,701 6,284,345 1490,845 2099,574 1442,831 1247,662 4282,535 1025,081 601,575 1056,903 962,589 2678,465 1506,306 2135,627 1460,473 1280,995 4399,022 1046,448 612,134 1090,582 970,856 2696,698 22 1 1/ 6 2 2 l 1 3 1 1 1 1 2 4,073,427 334,486 746,558 237,600 369,832 335,763 319,620 658,217 180,663 117,025 205,817 191,508 376,338 54,873 5,919 7,150 5,241 5,260 4,495 3,879 6,281 2,831 1,007 2,532 1,182 9,096 148,862 7,862 36,683 8,689 12,391 8,787 8,244 27,359 6.400 3,523 6,662 6.344 15,918 51,010,908 2807,750 12,871,420 3087,970 4379,207 3040,196 2672,438 8910,128 2121,841 1212,619 2219,629 2007,999 5679,711 25,061,311 1369,877 6,492,293 l/ After deducting $16,000 participations of other Federal Reserve Banks. I A. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 12, 1955 (in thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston New York Phila. Cleve. Mpls. Kans.Cy. Rich. Atlanta Chicago St.Louis 5 8 0 , 6 2 4 1 0 2 1 , 8 1 3 7 3 2 , 8 4 6 2569,56? Federal Reserve notes 25,992,114 1593,975 5,855,^0 1824,303 2401,411 1842,817 1377,083 5025,599 1166,415 Deposits: Member hank-reserve accts. 1 9 , 1 6 9 , 5 6 0 781,128 5,615,824 9 0 1 , 1 7 3 1 4 5 6 , 5 8 2 8 0 1 , 3 5 6 914,138 3068,280 709,561 U.S.Treasurer-general acct. 4 5 6 , 8 3 8 38,484 71,393 3 4 , 3 2 3 26,401 53,963 21,570 46,589 24,792 21,285 69,300 18,810 45,045 24,750 Foreign 502,733 29,700 1/152,254 3 6 , 1 3 5 822 2,201 6,750 Other 386,541 5,900 305,471 9,753 7,300 3,354 20,515,672 3,395,461 14,539 617 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) X3*her capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 4 9 , 9 1 7 , 7 8 6 2741,274 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 288,878 660,901 27,543 15,013 40,309 3,011 5,253 680 1 2 , 5 6 0 , 9 2 6 3008,067 90,346 19,174 188,070 47,773 7,319 4,489 1,331 4280,124 27,323 60,222 1,006 711 2982,621 12,816 33,480 3,349 581 2623,119 12,307 29,480 762 2,303 8757,837 38,454 96,566 1,429 5 1 , 0 1 0 , 9 0 8 2 8 0 7 , 7 5 0 1 2 , 8 7 1 , 4 2 0 3 0 8 7 , 9 7 0 4 3 7 9 , 2 0 7 3040,196 2 6 7 2 , 4 3 8 8 9 1 0 , 1 2 8 19,404 1,157 1,164 2/5,669 10 F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 461,087 l,4l6 148 1,766 598 970 39 2,716 16 23,265 51,004 1,351 5,732 8 0 5 37,10g 984,125 1052,103 2672,916 170,331 171,034 324,732 374 527 2078,335 1183,825 2176,796 26,619 6,387 16,918 521 1,073 1455,176 5 1 5 6 , 4 2 0 1 2 1 5 , 4 4 9 620,461 11,208,000 640,000 2 , 6 7 0 , 0 0 0 8 0 0 , 0 0 0 1 0 5 0 , 0 0 0 6 7 5 , 0 0 0 500,000 1903,275 2535,156 1923,487 10,961 453 1956,436 24,755 14,530 29,985 1,137 1,307 1.21C 5568,426 31,5% 66,724 2,l4c 2121,841 1212,619 2 2 1 9 , 6 2 9 2007,999 5679,711 FEDERAL RESERVE AGENTS' ACCOUNTS 6,112,647 47,53S 18,810 485 27,117,312 1660,436 2537,273 27,781 12,375 499 9,983 1000,252 36,675 737 834 104 922,908 27,328 8 5 5 , 2 1 2 6 , 1 4 4 , 9 4 2 981,384 1 5 5 5 , 5 1 6 854,252 962,646 3 1 9 3 , 7 4 4 7 5 6 , 6 9 1 502,141 291,470 555,071 2 0 1 , 7 0 0 3 2 1 , 8 6 6 2 8 4 , 8 4 1 2 8 2 , 8 0 9 5 3 6 , 1 9 1 1 5 ^ , 7 3 0 100,686 Total deposits Deferred avail, cash items Other liabilities and accrued dividends Dallas SanFran 2400,000 355,000 16,300 912 l,99f 1055,652 780,158 2698,995 % 737 1 7 5 , 0 0 0 2 8 0 , 0 0 0 2 8 3 , 0 0 0 1380,00c 4,50C 7,130 2 8 , 6 1 2 5 0 0 , 0 0 0 8 0 0 , 0 0 0 5 2 5 , 0 0 0 1620,00c 82,828 10,176 5,135 — 10,975 — 17,140,000 1200,000 3 , 6 0 0 , 0 0 0 1 2 0 0 , 0 0 0 1 5 5 0 , 0 0 0 1 3 0 0 , 0 0 0 1 0 0 0 , 0 0 0 2900,000 945,000 28,430,826 1850,176 6,270,000 2005,135 2600,000 1985,975 1500,000 5300,000 1316,300 682,130 1108,612 808,000 3004,50C 1/ After deducting $350,460,000 participations of other Federal Reserve Banks. 2/ After deducting $13,735,000 participations of other Federal Reserve Banks.
@FedFRASER