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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) January 14, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended January 13, Member bank reserves increased $44 million. The principal changes supplying reserves were decreases of $307 million in Money in circulation and $136 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $ 2 8 9 million in Reserve Bank credit and increases of $ 6 0 million in Foreign deposits with Federal Reserve Banks and $44 million in Other deposits with Federal Reserve Banks. The decrease of $ 2 8 9 million in Reserve Bank credit resulted from decreases of $209 million in Float, $66 million in U. S. Government securities held under repurchase agreement, and $14 million in Loans, discounts and advances. 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 Jan. 13, 1954 Change since Jan. 6, Jan. 14, 1954 1953 (In millions of dollars) 2 5 , 3 1 8 - - 1 5 8 754 - 6 6 - 14 -209 +1,284 - 171 - 922 + + 400 505 369 199 77 - 127 + 64 -1,107 + 76 2 6 , 2 3 0 2 2 , 0 3 0 4,890 + 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) 30,284 775 -307 + 5 Member bank reserves 20,228 + 44 - 432 19,265 963 -145 - 1 , 0 0 9 + 1 8 9 + - 46 + 35 40 -1,340 Required reserves (estimated) Excess reserves (estimated) Daily averages for periodsEstimated excess reserves of member banks Member bank borrowings at F. R. Banks -289 8 6 5 0 0 -136 + 6 0 836 - - 441 762 131 + 44 + 6 0 577 U. S. Government securities held In custody by the Federal Reserve Banks for foreign account were $2,554 million, a decrease of $29 million for the week and an increase of $447 million from the comparable date a year ago. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) H.4.1(a) Change since Jan. 6, Jan. 14, 1954 1953 Jan. 13, 1954 ASSETS 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 2 5 , 3 1 7 , 6 7 4 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 25,475,547 22 239,392 3,907,910 52,448 168,884 51,623,472 — — 2 - + 46,080 - 1 3 , 8 8 1 1 2 8 - + - 115,044 581,957 18,103 920,184 1,851 8 2 0 , 8 2 5 66.000 66,000 510,000 880.825 +1,284,362 171.600 +1.112.762 80,009 + - •» «— «• - - - » — 1 0 6 , 8 6 2 - + - - 2 0 , 2 2 7 , 8 5 3 + 86,391 499,730 44i,36l 21,255,335 3,153,498 17.1815, 50,584,130 266,339 + + + + + 348,873 - 431,691 - 3 6 8 , 6 1 7 595 — — 27,543 120.447 - 248,837 44,710 13,921 101,975 667 132,274 + - - - + - + - + + - - + 5 1 , 6 2 3 , 4 7 2 2 3 , 8 7 4 3 , 6 0 7 - 199,477 77,493 922,292 225,941 L773, 797,587 12,805 40,337 - — 6,7,33 124,946 + 4 5 . 0 % 190,727 1 13,132 352,945 4,004 9,949 745,150 7 8,496 124,946 6 0 , 0 8 8 6 2 5 , 0 1 3 - + 44,348 135,225 - - - 7,358 + 26,157,422 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - + — — — CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS + +1,854,362 2,596,312 5,816,541 13,263,671 3,641,150 25,317,674 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 . 697,001 2 20,453,101 896,932 21,350,033 429,236 156,070 1,803 .2% 759 99 - - + + 705 745,150 .7% 3,692 213 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 13, 1954 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements,) Within 15 days l6 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 133,347 22,723 156,070 Industrial loans 346 5 6 6 829 6 2 1 , 8 0 3 U. S. Government securities 746,704 5,771,808 9,855,241 6,154,664 1,374,400 1*414,857, 25,317,674 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 13, 1954 (in thousands of dollars) ASSETS Total Gold certificates Redemption fund for F. R. notes Boston New York Phila. Cleve. Rich. Atlanta Chicago St,Louis 20,453,101 976,185 5,464,099 1218,919 1744,309 1013,441 923,743 3941,989 8 9 6 , 9 3 2 Total gold certificate reserves 21,350,033 Other cash 429,236 Discounts and advances 156,070 Industrial loans 1,803 U. S. Govt, securities: Bought outright— Bills 2,596,312 Certificates 5,8i6,54l Notes 1 3 , 2 6 3 , 6 7 1 Bonds 3,641,150 Total 25,317,674 Held under repurchase agreement — 54,742 1 0 3 0 , 9 2 7 183,047 6 0 , 7 0 1 8 2 , 0 1 6 5,647,146 1 2 7 9 , 6 2 0 1 8 2 6 , 3 2 5 92,914 22,270 — 2 9 , 6 2 6 32,384 6,050 — 5,725 1,332 30,909 18,425 — 75,433 1 0 8 8 , 8 7 4 24,382 20,725 50 142,963 6 6 8 , 3 6 3 156,438 220,398 153,962 320,281 1,497,341 350,470 493,760 344,921 730,351 3,414,440 799,189 1125,940 786,536 200,497 937,334 219,394 309,094 215,919 1394,092 6 , 5 1 7 , 4 7 8 1 5 2 5 , 4 9 1 2149,192 1501,338 — —— — — — 58,654 1 5 1 , 2 6 0 982,397 4093,249 35,454 13,125 322 7 2 , 5 8 8 25,525 -- 8 0 8 , 6 1 7 49,338 8 5 7 , 9 5 5 24,427 6,100 — Mpls. Kans.Cy. 461,852 799,231 732,082 25,534 41,403 487,386 840,634 8,125 8,425 99 15,015 12,475 132,799 448,726 109,230 64,080 113,155 297,510 1 0 0 5 , 2 8 5 244,709 143,558 253,501 678,424 2292,387 558,015 327,360 578,071 186,241 6 2 9 , 3 0 6 153,186 8 9 , 8 6 8 1 5 8 , 6 9 3 1294,974 4375,704 1065,140 624,866 1103,420 — — — Dallas SanFran. — 30,348 7 6 2 , 4 3 0 2 3 6 8 , 6 3 4 84,456 2453,090 17,494 1,175 4 5 , 9 1 8 103,133 2 8 3 , 0 6 5 6 3 4 , 1 5 4 2 3 1 , 0 5 1 16,050 526,873 1446,085 144,637 396,981 1005,694 2760,285 — Total U. S. Government securities 25,317,674 1394,092 6,517,478 1525,491 2149,192 1501,338 1294,974 4375,704 1065,140 624,866 1103,420 1005,694 2 7 6 0 , 2 8 5 Total loans and securities 2776,335 25,475,547 1400,142 6,539,748 1532,548 Due from foreign banks 22 F.R.notes of other banks 239,392 Uncollected cash items 3,907,910 Bank premises 52,448 Other assets 168,884 TOTAL ASSETS 51,623,472 l 9,569 3 0 8 , 6 3 5 6,232 9,136 2 7 9 7 , 0 2 6 l 2 1 6 7 , 6 1 7 1522,113 1308,421 4401,229 1071,240 633,390 1115,895 / 6 2 2 1 31,922 14,471 14,236 3 8 , 8 3 6 730,945 224,575 349,493 330,359 7,393 4,734 5,279 4,719 42,696 9,903 14,102 10,175 3 2 , 2 6 8 2 9 6 , 8 7 3 3 , 6 3 6 1 13,092,770 3095,479 4407,963 3019,459 2 6 6 8 , 6 6 0 9,610 1 0 0 6 , 8 6 9 3 29,486 6 3 2 1 1 1 1 12,756 —10,66l 8 , 2 8 8 14,068 8 , 1 3 1 173,005 104,631 199,390 189,990 6,448 2 , 8 9 8 1,024 2,235 587 8 , 5 0 8 6 , 9 8 8 4,097 8,022 7 , 2 6 7 9269,642 2149,270 1249,315 2 1 8 9 , 4 8 o 1998,706 l/ After deducting $l6,000 participations of other Federal Reserve Banks. 2 2 2 , 3 6 1 , 7 , 1 8 , 8 8 2 3 3 8 6 8 1 3 3 0 5 6 8 5 , 7 0 2 H.4.1(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 13, 1954 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 2 6 , 1 5 7 , 4 2 2 1 6 1 1 , 3 2 3 5 , 8 1 2 , 5 9 6 1 8 7 2 , 5 4 8 2 4 3 3 , 4 9 0 1 8 1 8 , 1 0 3 1 3 8 9 , 0 6 7 5043,758 1 1 9 4 , 0 4 9 6 3 9 , 5 2 4 1 0 0 9 , 0 2 0 7 2 8 , 4 8 7 2 6 0 5 , 4 5 7 Federal Reserve notes Deposits: 472,202 9 5 2 , 3 9 8 1027,629 2570,448 Member bank-reserve accts. 2 0 , 2 2 7 , 8 5 3 827,575 5 , 9 0 0 , 2 8 3 929,294 1536,213 8 5 4 , 6 6 5 955,919 3456,924 744,303 1,487 1,198 1,129 1,459 1 , 0 6 9 1 , 6 1 0 l,l4l 7 1 , 8 2 1 1,870 1,561 792 86,391 1,254 U.S.Treasurer-general acct 1 2 , 2 4 0 1 8 , 6 0 5 2 3 , 0 1 1 4 9 , 9 5 8 2 1 , 0 5 3 6 8 , 0 5 4 1 8 , 6 0 5 36,230 45,043 24,970 499,730 29,866 1/152,095 Foreign 8 6 3 3,584 6 4 0 33,197 649 51,225 7,276 327.437 1,986 6,235 3,450 441,361 4,819 Other 486,792 9 7 5 , 7 8 5 1052,409 2 6 5 5 , 0 6 2 Total deposits 21,255,335 863,514 6,451,636 969,380 1589,052 883,877 9 7 8 , 6 9 0 3577,813 771,325 1 6 3 , 0 5 9 168,551 3 1 8 , 5 2 8 9 4 , 6 9 2 141,454 530,708 175,450 288,619 261,471 2 5 2 , 8 9 2 5 0 1 , 4 0 5 Deferred avail, cash items 3,153,498 2 5 6 , 6 6 9 Other liabilities and 586 1,725 524 673 2 , 6 7 6 677 802 5,712 868 1,661 924 17,875 1,047 accrued dividends 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 1221,532 2148,537 1950,033 5580,772 50,584,130 2732,553 1 2 , 8 0 0 , 6 5 2 3018,246 4312,822 2964,375 2621,451 9125,652 2107,505 5,971 1 0 , 1 6 5 13,297 29,31S 18,113 25,533 11,780 11,429 35,114 9,203 81,956 266,339 14,459 1 6 , 2 1 9 2 3 , 4 5 6 2 8 , 1 4 6 62,182 57,648 31,750 28,034 90,792 25,465 176,633 4 5 , 9 0 9 6 2 5 , 0 1 3 38,779 1,073 1,137 1,307 2,l4c 4,489 1,006 3,349 762 1,429 521 7,319 27,543 3,011 4 , 5 2 0 6 , 1 8 5 5,923 1 1,28s 8 , 7 2 2 10,954 8,205 6,984 1 6 , 6 5 5 6 , 5 7 6 26,210 120,447 8,224 5 1 , 6 2 3 , 4 7 2 23,874 3,607 2 7 9 7 , 0 2 6 1 3 , 0 9 2 , 7 7 0 1 , 4 5 8 2 / 6 , 9 0 5 3 0 9 5 , 4 7 9 1.769 1.770 4 4 0 7 , 9 6 3 2,199 748 3019,459 2 6 6 8 , 6 6 0 9 2 6 9 , 6 4 2 2 1 4 9 , 2 7 0 1249,315 2 1 8 9 , 4 8 0 1 9 9 8 , 7 0 6 5685,70^ 1,219 51 1,028 131 3,322 908 27 597 908 880 1,123 2,43* FEDERAL RESERVE AGENTS' ACCOUNTS 2 7 , 6 3 6 , 1 9 4 1 7 0 3 , 7 4 7 6,147,009 1 9 8 2 , 0 2 8 2 5 6 0 , 7 1 6 1931,395 1 4 8 6 , 7 5 4 5264,145 1264,838 661,437 1049,237 780,130 2 8 0 4 , 7 5 * F. R. notes outstanding Collateral for F.R. notes: 2 8 3 , 0 0 0 1380,00( 2 8 0 , 0 0 0 Gold certificates 11,093,000 640,000 2 , 6 7 0 , 0 0 0 8 0 0 , 0 0 0 1 0 5 0 , 0 0 0 6 2 5 , 0 0 0 4 3 5 , 0 0 0 2 4 0 0 , 0 0 0 355,000 1 7 5 , 0 0 0 13,50< 11,525 7 , 8 0 0 5,150 7 7 qkq k 525 5A50 7>O0U ±1,50 111.720 1 , 7 2 0 3,875 — 119>^50 9 , 4 5 0 Eligible paper 4,525 77,545 ,00( U. S. Govt, securities ,50< Total collateral l/ After deducting $ 3 4 7 , 6 1 6 , 0 0 0 participations of other Federal Reserve Banks. 2/ After deducting $16,569,000 participations of other Federal Reserve Banks.
@FedFRASER