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H.4.1 BOARD OF GOVERNORS OF THE FED1EAL RESERVE SYSTEM For Immediate Release July 14, 1955 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 reserve balances for the week ending July 13 increased $170 million to $18,779 million. The principal changes supplying reserves were an increase of $306 million in Reserve Bank credit and decreases of $49 million in Other deposits with Federal Reserve Banks and $12 million in Treasury cash holdings. The principal offsetting changes were increases of $118 million in Money in circulation, $58 million in Foreign deposits with Federal Reserve Banks, and $20 million in Treasury deposits with Federal Reserve Banks, Estimated average excess reserves of member banks for the week increased $217 million to $734 million. The increase of $306 million in average Reserve Bank credit for the week resulted principally from increases of $251 million in U. S, Government securities bought outright and $55 million in Float. As of Wednesday, July 13, holdings of U. S, Government securities bought outright were $99 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $4 million lower, and Member bank borrowings were $96 million lower. 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 Loans, discounts, and advancesMember 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) Member bank reserve balances— Required reserves (estimated) Excess reserves (estimated) Weekly Averages of Daily Figures Change from Week Ending Week Ending July 13. 1955 July 6. 19551 July 14. 1954 23,943 14 15 +251 632 54 913 25,571 21,679 5,003 52,253 - 30,416 + 3 - + + 3 — * + 55 +306 + 1 +307 +118 803 440 425 419 971 33,474 - 12 + 20 + 58 - 49 + 1 +137 18.779 18,045 734 +170 - 47 +217 + + + — - + 969 14 15 579 38 203 120 250 45 - 325 + 317 - + - + - + - - 8 48 340 60 15 63 387 359 28 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 21,679 Treasury cash holdings 801 Treasury currency outstanding 5,003 Member bank) - Required (est.) 18,088 Money in circulation 30,327 reserves ) - Excess (est.) 669 On July 13, 1955, U. S, Government securities held in custody by the Federal Reserve Banks for foreign account were $3,279 million, a decrease of $18 million for the week and an increase of $491 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since July 6, July 14, 1954 1955 July 13, 1955. A S S E T S 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 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 20,158,104 834,973 20,993,077 211,308 331,315 503,495 446 15,422 1,222,200 8,273,775 11,645,837 2,801,750 23,943,562 + + 2,001 331 2,332 54,535 19,389 95,657 1 292 228,998 19,934 248,932 + 45,864 30,490 + 420,811 490 + 15,422 + 99,400 958,875 +1,673,984 -1,383,184 290,800 958,875 + + + + + - a* *» - - + - Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 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 23,943,562 + 24,462,925 22 4,564,989 57,297 154,008 50,774,941 + 25,982,059 18,756,719 337,545 448,817 395,477 19,938,558 3,672,760 13,800 49,607,177 A C C O U N T S C A P I T A L Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 295,876 660,901 27,543 183.444 50,774,941 99,400 4,000 95,400 - « - — — - 36 958,875 523,132 — — + + + + 624,117 216 4,709* 705,334* + 4+ ~ 354,403 3,747 45,603 352,937 36,018* + 309,028 281,959 130,751 66,339 55,960 161,587 574,402 196* 700,167* - - 295,359 219,521 322,635 4,122 841,637 144,886 9 387,732 + + 23,056 35,888 4,854 + 705,334* - 24.149 352,937 - + - + - + + + + 313 + Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.7# Contingent liability on acceptances purchased for foreign correspondents + 658 15,534 25,733 + 84l Industrial loan commitments 3,438 *July 6 figures revised. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 13, 1955 (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 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 455,143 34,952 13,400 ---503,495 Industrial loans 15 219 79 133 -— 446 Acceptances 8,387 7,035 — — — — 15,422 U. S. Government securities 250,450 6,725,449 10,765,699 3,773,493 l,013,6l4 1.414.8*37 23,943,562 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 13, 1955 (In thousands of dollars) 8.4.1(b) A S S E T S 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 AcceptancesBought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Total Boston New York 20,158,104 1054,762 5,431,075 794,391 365,682 836,899 2 0 , 9 9 3 , 0 7 7 1107,105 5,602,300 1257,544 1793,438 1261,428 888,820 3731,173 840,127 389,806 877,597 727,313 2516,42( 211,308 331,315 503,495 446 15,422 11,631 23,753 16,350 47,482 57,463 112,748 15,422 -- Phila. Cleve. Rich. Atlanta 1 2 0 2 , 6 9 8 1 7 2 0 , 0 9 0 1194,643 7,932 14,894 45,183 362 9,027 39,505 43,553 - - -- 11,533 14,573 26,737 Chicago St.Louis 837,752 3581,886 52,501 17,602 29,154 59,374 27,143 106,715 Total loans and securities 24,462,925 1338,609 6,213,307 1502,798 2101,335 1 4 3 7 , 3 4 8 4,475 8,475 36,574 84 7,329 11,875 28,096 Dallas SanFran, 699,526 2438,70< 11,490 14,185 14,176 22,05!r 38,39 , 31,44; — 310,616 74,386 105,040 72,004 6 3 , 0 8 7 213,185 50,719 2 9 , 6 1 8 1,222,200 67,494 53,153 49,008 133,89C 8,273,775 456,911 2,102,739 503,558 711,073 487,442 4 2 7 , 0 7 6 1443,170 343,345 200,497 359,827 331,762 906,37: 11,645,837 643,130 2,959,731 7 0 8 , 7 8 9 1 0 0 0 , 8 7 8 686,103 601,135 2031,348 483,279 282,214 506,477 466,975 1275,77* 2,801,750 154,724 712,051 170,520 240,791 1 6 5 , 0 6 2 144,621 488,701 1 1 6 , 2 6 7 67,895 121,848 112,344 306,92< 23.943,562 1322,259 6,085.137 1457,253 2057.782 l4io,6ll 1235,919 4176,404 TOTAL ASSETS 8,252 19,667 14,777 Mpls, Kans.Cy. - - Total U. S. Government securities Due from foreign banks Uncollected cash items Bank premises Other assets \ 22 1 4,564,989 329,175 57,297 5,799 154,008 8,096 50,774,941 1/ 6 2 993,610 1263,062 4283,119 1008,387 2 1 l 3 4417,080 3107,926 2584,890 8859,599 l 580,224 1041,305 616,882 960,089 2622,96c 1069,401 974,265 2654,41! 1 1 1 z 2 0 8 1 , 5 1 3 1156,884 2213,497 1978,009 5707,57* 8307925 250,015 455,556 369,463 338,662 734,087 195,713 132,284 237,501 241,684 449,92* 7,079 5,184 5,378 4,586 4,278 6,168 2,805 1,242 3,189 1,682 9,901 37,874 8,993 12,839 8,994 8,412 28,073 6.561 3.719 6,6o4 7.389 16,45% 2824,169 12,796,436 3047,362 l/ After deducting $ 1 6 , 0 0 0 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 13, 1955 (In thousands of dollars) K.4.1(c) L I A B I L I T I E S Total Federal Reserve notes Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran, 25,982,059 1613,061 5,838,934 1806,422 2394,614 1870,127 1311,413 5052,149 1166,873 558,022 1033,557 713,453 2623,43* D MmberSbank-reserve accts. 18,756,719 786,394 5,536,228 884,550 1477,661 825,316 892,573 2922,209 669,363 420,064 8<g,^,7 963,301 2*65,893 U.S,Treasurer-general acct. 337,545 28,051 58,137 25,119 28,035 20,048 26,890 43,117 13,590 19.3% 20.848 21,3% 32,923 Foreign 448,817 26,280 1/138,688 31,974 39,858 21,900 18,834 61,320 16,644 10,950 16,644 20,586 45,13] LL Other ' " "" " " ' " "" "" ' 843,836 6,048,410 295,988 577,773 952,490 1550,433 203,459 365,288 870,409 304,919 939,789 3028,180 279,598 610,992 706,576 161,243 451,521 935,801 1006,496 2604,61' 116,060 197,215 202,500 357,72! Total deposits Deferred avail, cash ite Other liabilities and accrued dividends 19,938,558 3,672,760 TOTAL LIABILITIES Capital paid in Surplus (Section 7 ) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,607,177 2753,765 12,468,901 2963,083 4311,604 3046,195 2531,455 8693,605 2035,250 1126,100 2167,164 1923,027 5587,02! 295,876 15,724 89,015 19,492 28,115 13,361 13,255 39,300 10,336 6,703 11,612 15,558 33,40! 660,901 40,309 188,070 47,773 60,222 33,480 29,480 96,566 26,619 16,918 24,755 29,985 66,721 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,14' 183.444 11.360 43.131 12.525 16.133 11.541 9.938 28.699 8*987 6,090 8,829 8,132 18,27 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 13.800 880 3t784 712 1.269 740 655 2.284 558 497 591 578 1.25: 50,774,941 2824,169 12,796,436 3047,362 4417,080 3107,926 2584,890 8859,599 2081,513 1156,884 2213,497 1978,009 5707,57< 25,733 3,438 1,542 — 2/7,537 — 1,876 423 2,339 627 1,285 11 1,105 90 3,598 12 977 642 —- 977 2,275 „ 1,208 2,64 ' FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper ' U. S. Govt, securities Total collateral \ 26,841,312 1641,435 6,029,077 1871,167 2492,673 1927,181 1368,625 5149,668 1205,505 594,505 1063,726 753,826 2744,42) 11,108,000 640,000 2,670,000 800,000 1050,000 675,000 500,000 2300,000 355,000 175,000 280,000 283,000 1380,001 152,570 13,150 — 41,290 — 24,070 — — 12,750 35,241 26,069 17.055.000 1200.000 3.600.000 1200.000 1500.000 1300.000 1000.000 2900-000 910.000 500.000 800.000 525.000 l620.00( 28,315,570 1853,150 6i270,000 2041^90 2550,000 1999,070 1500,000 5200,000 1277,750 71U,24± i.xuo,UbV «U«,000 >UUU,UU 1/ After deducting $310,104,000 participations of other Federal Reserve Banks. 2/ After deducting $ 18,196,000 participations of other Federal Reserve Banks,
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