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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) January 7, 1954 CONDITION OF THE FEDERAL RESERVE B A M S Member Bank Reserves and Related Items During the week ended January 6, Member bank reserves increased $118 million. The principal changes supplying reserves were decreases of $299 million in Money in circulation, $155 million in Treasury deposits with Federal Reserve Banks, $100 million in Other F. R. accounts (net), and $3^ million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $458 million in Reserve Bank credit and an increase of $17 million in Other deposits with Federal Reserve Banks. The decrease of $458 million in Reserve Bank credit resulted from decreases of $518 million in U. S. Government securities held under repurchase agreement and $10 million in Float, and an increase of $70 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. 6,, 1954' (In millions of dollars) 25,318 66 172 963 26,519 22,029 4,890 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) 30,591 770 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 Change since Dec. 30, Jan. 7, 1953 1953 222 -518 + 70 - 10 -458 - + - 1 +1,284 - 291 -1,168 2 - 176 -1,108 76 + 438 -299 - 3 -155 - 34 + 17 510 400 -100 131 54 60 20,184 +118 718 19,410 774 + 68 + 50 8 99 808 96 - 26 440 397 836 -115 181 + 84 -1,382 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,583 million, a decrease of $120 million for the week and an increase of $415 million from the comparable date a year ago. HA.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Dec. 30, Jan. 7, 1953 1953 Jan. 6, 1954 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash " Discounts and advances Industrial loans U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,453,103 896,9,32 21,350,035 383,156 169,951 1,931 25,303,674 - 518,500 510,500 - 880.825 +1,284,362 - 291,400 + 992,962 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 25,555,556 - 448,691 174,889 + 37,759 23,414 228,013 4,118 9,691 537,449 + 5,000 - 3,711 + 1,289 + 42,931 + 69,851 - * 42 2,596,312 5,816,541 13,263,671 ,3,6^1,130 25,317,674 66,000 22 232,034 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank--reserve accounts U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 672,000 86.329 - 585,671 + 24,086 -1,165,928 1,923 +1,854>362 + 820,825 - 510,000 1 4,014,772 52,455 160,386 51,748,418 - 266,886 + ± 573 , 7,720 26,406,259 - 222,063 + 374,156 20,183,505 221,616 439,642 + + 117,553 155,240 33,954 16.951 - 718,739 399,923 130,990 + 53,978 , 396,651 + + -625,305 21,241,414 3,051,523 -54,690 50,716,404 - 265,744 + 652 + 40,337 + 12,500 27,543 113.714 51,748,418 + 40,337 - 123.892 625,305 - 44.8% + .3$ 24,633 3,508 + + 702 44 17,208 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 + 625,013 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - 257,197 8,452 542,402 -1,195,674 + 229,651 + - ^1,971 589,896 537 .5% + + 4,335 331 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JANUARY 6, 1954 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements,) E H . . . r 5 - - r Discounts and * :: Industrial U. S. Government TR N R . * H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 6, 1954 (In thousands of dollars) A S S E T S Total 2 SdempWoffund'for F. R. notes °A53'103 #6,932 Total gold certificate reserves 103 °'0Z* 54,742 21,350,035 1084,766 ncea E5iE!*" Boston U. S. Govt, securities: Bought outright— New York Phila. Cleve. Rich. 5,526,337 1234,709 1734,125 1036,390 183,047 60,701 82,016 75,433 5,709,384 1295,410 1816,i4l 1111,823 Atlanta 914,975 3746,634 58,654 468,030 815,590 49.338 25,534 41,403 973,629 3897,944 866,358 493,564 856,993 1 | ' 817,020 Mpls, Kans.Cy. 151,260 : 'tS Chicago St.Louis 2: 7 ^ Dallas SanFran. 800,836 2328,383 30,348 84.456 831,184 2412,839 lk '®" 99 ™ — Jk'I.Jia is II 1:1 IIIIII II ill IIIIII agreement 66,000 - 66,000 Total U. S. Government securities 25,383,674 1394,092 6,583,478 1525,491 2149,192 1501,338 1294,974 4375,704 1065.14q 624,866 1103,420 1005,694 2760,285 25,555,556 1400,607 6,593,633 1531,348 2162,897 1528,448 1311,780 4395,359 1071,010 656,640 1115,065 1006,369 2782,400 Total loans and securities Due from foreign banks TOTAL ASSETS 1! 11 # 1# 11 f1 II # 11 i# -II # 22 1 l/ 6 2 2 1 1 3 1 1 T , 0 51,748,418 2860,566 13,185,138 3124,566 4439,312 3038,527 2623,102 9118,113 2165,020 1284,926 2237,460 2043,214 5628,474 1/ After deducting $16,000 participations of other Federal Reserve Banks. H.4.1(c) L I A B I L I T I E S STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BANKS ON JANUARY 6, 1954 (in thousands of dollars) Total Boston New York 26,406,259 1624,980 Federal Reserve notes Deposits: Member bank-reserve accts. 20,183,505 864,510 U.S.Treasurer-general acct. 221,6l6 11,106 Foreign 439,642 26,395 Other 396,651 4,195 Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,868,869 1884,300 2452,920 1839,412 1407,742 5082,547 1207,275 645,444 1018,388 739,287 2635,095 6,006,280 35,254 1/134,568 327,823 921,291 1557,744 10,888 23,594 32,453 39,808 2,645 9>200 830,729 24,372 21,635 3,162 913,634 3331,976 726,964 479,074 972,433 1056,568 2522,302 14,176 12,362 23,489 19,811 13,056 23,873 9,635 18,606 59,280 16,443 10,818 16,443 19,472 43,721 1,144 1,387 7,462 1,122 3,631 851 34,029 967,277 1630,346 195,332 260,107 879,898 263,846 947,560 3405,005 220,292 485,031 510,825 1005,563 1100,764 2609,687 100,476 172,245 154,216 278,014 Total deposits Deferred avail, cash items %)ther liabilities and accrued dividends 21,24l,4l4 3,051,523 906,206 264,283 6,503,925 516,384 17,208 826 5,833 TOTAL LIABILITIES Capital paid in ^Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,716,404 2796,295 12,895,011 3047,796 4344,867 2983,972 2576,315 8975,492 2123,564 1257,322 2196,839 1994,815 5524,116 265,744 14,448 81,871 18,065 25,445 11,660 11,337 35,049 9,159 5,961 10,147 13,288 29,314 625,013 38,779 176,633 45,909 57,648 31,750 28,034 90,792 25,465 16,219 23,456 28,146 62,182 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 27,543 113,714 3,011 8,033 7,319 24,304 887 4,489 8,307 1,494 1,006 10,346 8l6 3,349 7,796 721 762 6,654 2,909 1,429 15,351 774,358 141,297 634 521 6,311 643 577 1,073 4,351 1,137 5,881 548 1,307 5,658 1,320 2,140 10,722 51^.748,418 2860,566 13,185,138 3124,566 4439,312 3038,527 2623,102 9118,113 2165,020 1284,926 2237,460 2043,214 5628,474 24,633 3,508 1,500 2/7,290 1,845 1,671 2,263 1,230 1,058 748 51 131 3,370 27 935 615 935 880 1,107 2,485 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 27,733,961 1701,764 6,150,237 1990,193 2572,469 1951,534 1494,928 5276,907 1274,813 663,148 1055,024 785,492 2817,452 11,093,000 640,000 108,255 5,600 17,420,000 1200,000 2,670,000 800,000 1050,000 625,000 435,000 24oo,ooo 355,000 175,000 280,000 283,000 1380,000 20,600 4,780 3,300 — 26,300 --—5,300 31,300 11,075 3,600,000 1200,000 1550,000 1350,000 1100,000 3000,000 975,000 500,000 800,000 525,000 1620,000 28,621,255 1845,600 6,274,780 20037300 2600,000 2001,300 1535,000 5400,000 1335,300 706,300 1091,075 808,000 3020,600 l/ After deducting $ 3 0 5 , 0 5 3 , 0 0 0 participations of other Federal Reserve Banks. 2/ After deducting $ 1 7 , 3 4 3 , 0 0 0 participations of other Federal Reserve Banks.
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