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• r' BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM H.4',1 (For Immediate Release) January 6, 1955 ' CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended January 5> Member bank reserves increased $333 m i l l i o n . The p r i n c i p a l changes supplying reserves were decreases of $243 million in Treasury deposits with Federal Reserve Banks, $204 million in Money i n c i r c u l a t i o n , $70 million in Other F. R. accounts ( n e t ) , and $13 million in Foreign deposits with Federal Reserve Banks. The p r i n c i p a l o f f s e t t i n g changes were a decrease of $164 million in Reserve Bank c r e d i t and an increase of $31 million in Other deposits with Federal Reserve Banks. The decrease of $164 million in Reserve Bank c r e d i t r e s u l t e d from decreases of $206 m i l l i o n in Loans, discounts and advances, $63 million in U. S. Government s e c u r i t i e s held under repurchase agreement, and $50 million in U. S. Government s e c u r i t i e s bought o u t r i g h t , and an increase of $156 million in F l o a t . Holdings of U. S. Government s e c u r i t i e s bought outright r e f l e c t e d a decrease of $50 m i l l i o n in b i l l s . Member Bank Reserves and Related Items Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s - Bought o u t r i g h t Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding Jan. 5, 1955 Change since Jan. 6 Dec. 29, 1954 195k (In millions of dollars) 24,838 — — 359 1,010 26,207 21,712 4,984 - 50 - 63 -206 +156 -164 *" - -480 - 66 +187 + 47 -312 -317 + 94 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) 30,434 222 564 401 905 -204 + 4 -243 - 13 + 31 - 70 Member bank reserves 19,566 +333 -618 18,566 1,000 - 29 +362 -824 +206 687 239 + 22 " ^ -140 +143 Required reserves (estimated) Excess reserves (estimated) Daily averages f o r p e r i o d - Estimated excess reserves of member banks Member bank borrowings a t F. R. Banks 813 -157 + 43 - - +124 + 4 + 69 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 $2,891 million, a decrease of $56 million f o r the week and an increase of $308 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( i n thousands of d o l l a r s ) Change since Dec. 29, Jan. 6, 1954 1954 Jan. 5, 1955 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 U. S. Government s e c u r i t i e s : Bought outright— 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 20,165,101 867,287 21,032,388 214,746 381,900 358,278 703 2,117,000 13,882,341 6,037,271 2,801,750 24,838,362 24,838,362 25,197,343 22 4,148,926 54,741 141,669 51,171,735 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 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 19,565,676 221,672 563,625 400,708 20,751,681 3,139,058 14,050 50,083,934 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 288,079 660,901 27,543 111,278 51,171,735 26,179,145 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 f o r foreign correspondents I n d u s t r i a l loan commitments • + + - + 1 118 119 7,940 40,621 206,290 - - + 288,002 29,645 317,647 17,288 1,256 188,327 81 — 1,228 50,000 . 479,312 —» - +8,065,800 -7,226,400 839,400 479,312 - «»— 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 - - 50,000 63,000 113,000 319,209 • * 66,000 545,312 358,213 —— + - 44,973 106 - 7,186 218,714 ~ 151,242 + + - + + - - + - - 332,801 243,779 13,078 30,287 106,231 110,797 8,933 164,741 521 35,888 90,382 218,714 • + + mm 134,154 2,286 18,719 * 576,683 - 227,114 - + + + - + - - + + - 617,829 56 123,983 4,057 489,733 87,535 3,158 632,470 22,335 35,888 2,436 576,683 44.8# 19,194 1,144 — - - + - 15 807 - 5,439 2,364 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 5, 1955 ( 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.) 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 223,670 41,275 93,333 Industrial loans 17 177 434 75 358,278 703 U. S, Government securities 625,750 5,503,250 13,193,764 3,087,127 1,013,614 1,414,857 24,338,362 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 5, 1955 ( I n thousands of d o l l a r s ) H A . 1(b) ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F. R. notes T o t a l 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 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 Total Boston New York 20,165,101 1038,271 5,482,559 867,287 53,666 184,166 Phila, Rich. Atlanta 1235,401 1655,659 1078,592 926,954 58,927 21,032,388 1091,937 5,666,725 1294,328 10,610 17,491 16,958 Cleve. 76,992 74,902 1732,651 1153,494 Chicago St.Louis 143,999 47,141 24,644 39,766 980,859 3727,221 840,705 436,854 858,440 8,067 7,632 9,410 13,783 96 6,104 13,561 32,367 51,988 340,909 148,257 68,802 609,956 91,335 598,940 260,472 120,879 1071,626 83,186 2 3 1 , 4 6 9 545,492 1517,867 237,229 660,103 110,092 306,338 975,999 2715,777 609,956 1071,626 975,999 2715,77? 53,905 48,710 85,734 2 , 1 1 7 , 0 0 0 116,812 13,882,341 765,999 6 , 0 3 7 , 2 7 1 333,125 2 , 8 0 1 , 7 5 0 154,595 24,838,362 1370,531 540,749 3,545,994 1,542,112 715,657 6,344,512 1511,613 2128,821 Total U. S. Government securities 24,838,362 1370,531 6 , 3 4 4 , 5 1 2 1511,613 2128,821 1462,930 1265,043 4342,193 1039,361 T o t a l loans and securities 2 5 , 1 9 7 , 3 4 3 1379,306 6 , 3 9 4 , 5 7 0 1529,178 2 1 6 0 , 3 2 4 Due from f o r e i g n banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 50,058 22 1 1/ 6 4,148,926 54,741 141,669 294,148 5,919 7,350 7377630 7,149 34,780 607 13,799 36,857 31,503 128,836 l8l,44l 844,852 1189,814 367,416 517,436 170,509 240,130 2 39,521 33,837 19,458 21,135 63,978 118,317 107,821 3 7 0 , 0 9 0 707,042 2426,883 307,484 1055,424 142,696 489,796 1462,930 1 2 6 5 , 0 4 3 4 3 4 2 , 1 9 3 124,687 817,643 355,583 165,017 24,167 14,467 88,586 580,906 252,630 117,239 1039,361 1488,522 1284,501 4460,510 1053,828 623,835 2 1 11,756 330,895 4,495 8,212 225,070 379,000 5,164 5,260 8,290 20,654 24,239 25,592 51,171,735 2817,966 12,975,304 3090,133 4339,649 3030,512 1 3 1 1 1103,993 1 28,786 80,393 830,151 2419,023 9,749 13,534 13,267 15,395 33,157 13,733 989,266 2729,510 1 2 1199,657 2243,605 2083,453 5595,558 303,788 692,278 208,269 117,566 252,618 233,501 374,163 3,879 6,281 2,832 1,007 2,526 1,133 9,096 7,867 26,221 6,149 3,352 6,362 6,118 15,212 2654,253 8997,627 2144,018 l / A f t e r deducting $l6,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. 1 Dallas SanFran. 3583,222 793,564 412,210 818,674 801,365 2338,630 13,370 25,935 8,775 214,746 381,900 358,278 703 Mpls. Kans.Cy. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 5 , 1955 (In thousands of d o l l a r s ) H.4.1(c) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 2 6 , 1 7 9 , 1 4 5 1 6 0 4 , 1 3 5 5 , 9 1 6 , 1 1 7 1836,206 2 4 1 5 , 8 2 2 1 8 5 7 , 1 1 3 1 3 9 0 , 3 5 9 5 0 4 8 , 3 2 8 1 1 7 3 , 4 7 4 Federal Reserve notes Deposits: Member bank-reserve a c c t s . 19,565,676 8 4 6 , 4 5 2 5,721,633 922,962 1471,282 8 0 3 , 4 6 8 9 2 7 , 5 7 8 3 2 2 6 , 0 3 5 7 3 3 , 9 2 0 U.S.Treasurer-general a c c t 221,672 1 1 , 0 7 3 29,218 1 8 , 9 5 5 23,067 2 5 , 1 1 7 18,657 1 4 , 7 8 7 2 0 , 2 7 9 Foreign 563,625 33,120 1 / 1 7 2 , 7 9 1 4 0 , 2 9 6 50,232 27,600 2 3 , 7 3 6 7 7 , 2 8 0 2 0 , 9 7 6 3,549 3,693 8,410 Other 400,708 7,858 302,337 11,645 9,523 3,059 Total d e p o s i t s Deferred a v a i l , cash items Other l i a b i l i t i e s and accrued dividends 20,751,681 898,503 TOTAL LIABILITIES 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 Contingent l i a b i l i t y 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 commitments 6,225,979 3,139,058 248,526 519,001 14,050 578 478 396 938 2973,382 2605,212 8846,292 2100,642 1170,990 2200,987 2032,075 14,513 5484,68? 50,083,934 288,079 660,901 2751,742 12,666,417 3010,628 4240,880 27,400 27,543 7,319 23,509 19,059 47,773 4,489 8,184 51,171,735 2817,966 12,975,304 973,520 3321,795 240,796 473,734 537 2,435 60,222 12,624 33,480 12,246 29,480 38,403 96,566 26,619 16,918 1,006 10,141 3,349 7,677 762 6,553 1,429 14,937 6,281 521 1,073 4,301 3090,133 4339,649 3030,512 1,401 134 1,747 960 598 1,352 56,874 41,880 402 619 2/5,600 2459,758 428 1,222 1,152 929,027 1059,487 29,355 14,050 20,976 25,944 6,821 846 2559,864 697 19,194 1,144 13,800 1,087 2586,336 1100,327 191,149 5,320 111,278 15,762 740,203 986,179 186,830 256,406 40,309 3,011 7,903 464,074 1027,500 494,723 92,313 269,732 89,989 188,070 583,552 Dallas SanFran. 783,585 143,155 993,858 1554,104 859,244 179,867 15,001 Mpls. Kans.Cy. 39 9,955 6,375 2654,253 8997,627 2144,018 1199,657 826 2,688 104 17 730 480 10,940 24,755 1,137 337,549 5,786 1,307 5,573 31,574 66,724 2,l4o 10,433 2243,605 2083,453 5595,558 730 902 1,978 252 29,985 FEDERAL RESERVE AGENTS' ACCOUNTS F . R. notes outstanding C o l l a t e r a l 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 27,273,013 1666,101 6,166,918 1913,296 2554,451 1930,732 1461,336 5181,089 1222,211 621,840 1059,322 787,439 2708,278 11,208,000 640,000 2,670,000 800,000 1050,000 675,000 500,000 2400,000 355,000 175,000 280,000 283,000 1380,000 74,075 775 — 7,225 — 18,925 —9,400 10,450 27,300 17,140,000 1200,000 3,600,000 1200,000 1550,000 1300,000 1000,000 2 9 0 0 , 0 0 0 9 4 5 , 0 0 0 5 0 0 , 0 0 0 800,000 525,000 1620,000 28,422,075 1840,775 6,270,000 2007,225 2600,000 1993,925 1500,000 5300,000 1309,400 685,450 1107,300 808,000 3000,000 1 / A f t e r deducting $390,816,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. 2 / A f t e r deducting $13,594,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks.
@FedFRASER