The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
H. If. 1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release July 12, 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 July 11 increased $138 million to $19,040 million. Estimated required reserves decreased $153 million; and estimated excess reserves increased $291 million to $763 million. Member bank borrowings at the Federal Reserve B.anks exceeded exceed-reserves by $116 million, compared".with. $171 million the week before. The principal changes supplying reserves were increases of $236 million in member bank borrowings, $4% million in Federal Reserve holdings of U. S. Government securities, and $20 million in gold stock, and a decrease of $56 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $160 million in money in circulation and a decrease of $62 million in Federal Reserve float. Total Reserve Bank credit increased $219 million. As of Wednesday, July 11, holdings of U. S. Government securities bought outright were $190 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $22 million lower, and member bank borrowings were $82 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought outright—System account Held under repurchase agreement Acceptances-Bought outright Held under repurchase agreement Loans, discounts, and advances-Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding 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) Weekly averages of daily figures Change from week ending Week ending 13, 1955 -sy -July \ July 11, 1956 July 4 r"l9561 (In millions of dollars) , 10 + 78 - 33 17 - 23,826 -117 - 4 1 .* 5,031 52,760 +236 + 1 - 62 +219 + 20 - 1 +238 +247 - 52 +256 +332 +147 + 28 +507 30,923 770 437 309 290 990 33,720 +160 6 - 56** + 11 - 8 - 3 +100 +507 - 33 - 3 -116 -129 + 19 +138 -153 +291 +261 +230 + 31 879 2 1,169 25,903 21,826 19,0^0 Member bank reserves-18,277 Required reserves (estimated) Excess reserves (estimated) 763 **July 4 figure revised. *Less than $500,000. +2hb For Wednesday Federal Reserve figures see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED - attached. Latest Wednesday figures for other items appearing above are, in millions of dollars: Gold stock 21,827 Treasury cash holdings 762 Treasury currency outstanding 5>031 Member bank) - Required (est.) lo,^5 Money in circulation 30,850 reserves ) - Excess (est.) 3 5 On July 11, 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3>^26 million, a decrease of million for the week and an increase of $3^7 million from the comparable da e Digitized$7 for FRASER a year ago. 6.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) July 4, 1956 July 11, 1956 since July 13, 1955 ASS E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances--bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 760,670 10,932,699 9,153,913 2,801,750 23,649,032 1,500 23,650,532 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,321,219 22 4,759,911 67,901 235,310 51,142,123 + + + + 57,358 115 11,145 7,859 + + + + 194,922 26,512,468 + 26,896 + 530,409 307,279 44,879* + 35,226 1,862 229,036* 200,950* 189 + + 1,379 133,757 156,782 122,564 110,763 210,302 881 258,305 470 + + 20,645 32,711 + + 55,521 367,182 + 18,959 1,126 20,285,393 .855,496 21,140,889 263,447 353,424 652,549 906 17,232 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 availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 18,622,962 494,327 326,253 284,714 19,728,256 3,610,077 14,681 49,865,482 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 + + + + + + • 4,999 12,368 7,369 50,105 11,874 82,465 32 304 190,300 — - - - - 190,300 22,000 212,300 294,530 + 1,500 293,030 130,107 - + + • - + - - + + + 8,768 45.7# + .2# 44,692 2,3*£ - - -- • 10,604 81,302 367,182 62,683 — 7,859 - 141,706 «. - - - • 127,289 20,523 147,812 52,139 22,109 149,054 460 1,810 461,530 +2!,658,924 -2,491,924 — — - 316,521 693,612 27,543 238,965 51,142,123 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments *July 4 figures revised. + + + + + + + + 127 273 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 11, 1956 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Within 15 days 16 days to $0 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total b? Discounts and advances — 8 5 Industrial loans 1 145 419 341 652,549 90S Acceptances U. S. Government •securities 111,200 11,219 8,591,035 11,432,699 1,087,127 1,013,614 1?,232 23,650,532 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 11, 1956 (In thousands of dollars) St. ClevePhilaRichmond Atlanta Chicago New York Boston Louis delphia land H.4.1(b) Total A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 20,265,393 855,496 9^3,m 652,549 906 17,232 59,826 74,539 72.719 5,319,583 1193,846 1942,267 1324,529 51,059 154.966 42.988 23,294 40.528 966,549 3818,394 876,822 405,445 891,586 25.935 72.547 730,571 2668,872 54,560 76,418 21,035 17,092 15,735 33,241 20,469 17,792 28,479 45,891 24,579 55,4l6 9,682 23,122 9,357 8,395 8,275 10,846 12,912 13,789 29,320 43,791 143,750 46,437 554 41,980 17,549 13,400 255,900 4,825 19,480 52 68,236 5,520 18,000 1 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement 177,843 17,232 11,632 25,043 sa . 263,447 353,424 San Francisco Dallas t 5 F.R. notes of other Banks Other cash Kansas City 5,141,740 1134,020 1867,728 1251,810 915,490 3663,428 833,834 382,151 851,058 704,636 2596,325 59,252 21,140,889 1002,425 Minneapolis 760,670 41,811 10,932,699 600,927 9,153,913 503,154 2.801.750 154.001 23,642*012 4292,693 1.500 191,443 2,751,520 2,303,839 705.139 , 1,500 46,834 45,709 65,793 656,957 945,602 673,115 550,068 791,749 563,597 168.360 242r112 172.501 1481*094 2045*476 1456,047 «• — mm « 39,114 132,715 562,148 1907,450 470,685 1597,102 144.061 488.827 1216,010 412.6,094 «- «• — 17,182 32,959 31,758 456,440 246,937 473,714 382,176 206,759 396,639 116.971 ... 63,281 121,400 987,347 534,161 1024,712 — — — — - - 85,120 30,232 434,509 1223,380 363,813 1024,332 111,151 111.,..5.18. 939,907 2646,350 • — - - Total U. S. Govt, sees. 23,650,532 1299.893 5.953.441 1421.094 2045.476 l456.047 1216.010 4126.094 987.347 534.l6l 1024.712 939.907 2646.150 Total loans & securities 24,321,219 1317,665 6,114,423 1468,085 2087,456 1473,596 1229,410 4381,994 992,172 553,693 1092,948 945,427 2664,350 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 4,759,911 67,901 235,310 1 438,871 5,449 12.625 1/ 6 8167830 8,473 2 1 1 3 1 1 1 1 2 51,142,123 2813.711 12.447,874 2993,274 4559.472 3234.099 2629.896 9090.836 2113.899 1106.990 2263.781 i960.#7 5927,444 1/ After deducting $16,000 participations of other Federal Reserve Banks. 2 274,603 453,988 376,706 342,722 761,665 198,947 120,701 245,963 244,918 483,997 4,916 6,980 6,715 4,010 5,968 3,692 4,166 4,082 2,586 10,864 57.581 13.695 19.803 14.291 12.834 42.817 9.461 5.212 10.080 10.643 26,248 1.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 11, 1956 (In thousands of dollars) Total Boston lRichmond New York Atlanta Chicago % % Sty" 1D a l l a S Francisco L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S.Treas.-gen. acct. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 26,512,468 1611,484 6,049,677 1761,488 2484,090 2013,317 1320,337 5127,409 1184,019 517,798 1048,945 703,156 2690,748 18,622,962 797,520 5,125,600 878,727 1512,153 813,199 914,798 3070,387 675,853 418,433 911,040 927,726 2577,526 39,293 82,205 32,780 36,353 35,265 34,738 62,316 23,759 25,231 34,774 34,674 52,939 494,327 18,113 1/107,030 22,104 27,937 15,657 13,508 42,980 11,666 7,675 11,666 15,657 32,260 326,253 3,168 * 210,084 10,097 1.458 4,205 2,942 1,927 6,891 766 2,888 1,137 39,151 284,714 19,728,256 858,094 5,524,919 943,708 1577,901 868,326 965,9% 3177,610 710,169 452,105 960,368 979,194 2701,876 517,831 196,885 381,423 283,843 283,934 597,932 161,230 103,716 202,952 215,167 397,321 942 4,306 655 1,446 702 661 2,719 501 48l 570 529 14,681 49,865,482 2738,363 12,096,733 2902,736 4444,860 3166,188 2570,918 8905,670 2063,919 1074,100 2212,835 1098,046 1,169 5791,114 3,610,077 267,843 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. Eligible paper U. S. Govt, securities Total collateral 16,385 41,667 1,137 11,131 1,307 10,324 38,717 71,275 2,140 24,198 51,142,123 2813,711 12,447,874 2993.274 4559,472 3234,099 2629,896 9090,836 2113,899 1106,990 2263,781 1960,847 5927,444 3,011 14,285 11,498,000 580 000 119,498 16,935,000 1200.000 28,552,498 1780000 1/ After deducting $219,1965,000 participations 2/ After deducting $31,916>,000 participations 1,006 20,922 14,537 35,012 3,349 15,013 3,218 14,658 42,294 30,841 101,894 762 1,429 12,717 39,549 27,649 521 10,928 4,068 2,280 1,967 6,258 1,699 77 206 — -107 — FEDERAL RESERVE AGENTS' ACCOUNTS 1648,686 6,249,855 1828,784 2555,559 2066,520 1374,632 5200,326 1225,56b 27,341,898 44,692 2.518 2,637 2/ 12,776 __ 20,363 49,491 4,489 16,195 10,882 17,323 238,965 91,484 195,827 7,319 56,511 30,121 62,563 12,718 316,521 693,612 27,543 7,039 17,586 1,073 7,192 1,117 — 25,960 1,699 2,128 33,84? 2,280 4,693 500,953 iu/b,<*ui 2,870,000 650,000 1090,000 845,000 500,000 2300,000 450,000 150,000 280,000 283,000 1500,000 „ 46,437 — — — — 4,825 — 68,236 3,600.000 1200,000 1500.000 1250,000 1000,000 3000,000 900,000 460,000 800,000 525,000 1500,000 6,470,000 1096,437 2590,000 2095,000 1500,000 5300,000 1354,025 610,000 1140,236 808,000 3000,000 of other Federal Reserve Banks. of other Federal Reserve Banks.
@FedFRASER