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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H .4.1 (For Immediate Release) July 15, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended July 14, Member bank reserves decreased $354 million. The principal changes reducing reserves were increases of $257 million in Treasury deposits with Federal Reserve Banks, $200 million in Foreign deposits with Federal Reserve Banks, and $20 million in Other deposits with Federal Reserve Banks, and a decrease of $67 million in Reserve Bank credit. The principal offsetting changes were decreases of $173 million in Money in circulation and $16 million in Treasury cash holdings. The decrease of $67 million in Reserve Bank credit resulted from decreases of $135 million in U. S. Government securities bought outright and $1 million in Loans, discounts and advances, and increase of $69 million in Float. Holdings of U. S. Government securities bought outright reflected a decrease of $135 million in bills. Member Bank Reserves and Related Items July 14, 1954 Change since July 7, July 15, 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities-Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 24,902 -135 - 62 84 683 25,669 21,929 4,958 + + - 1 69 67 1 l -119 - 73 -254 -445 +105 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) 29,981 810 557 771 400 985 -173 - 16 +257 +200 + 20 - 2 -182 -454 - 83 +210 +221 + 38 Member bank reserves 19,052 -354 -345 18,296 756 -110 -244 + 43 -388 808 -167 - 3 -379 -177 Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks 53 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,788 million, a decrease of $145 million for the week and an increase of $4o4 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 7, July 15, 1954 1953 July 14, 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 2,181,075 6,599,791 13,029,021 3,092,550 24,902,437 - 135,000 - 24,902,437 - 135,000 - Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,986,057 22 165,444 4,210,586 53,550 108,405 51,127,878 - 136,299 20,387,102 854,907 21,242,009 361,805 82,684 936 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 19,052,078 557,066 771,452 399,599 20,780,195 3,527,874 13,809 49,994,909 CA 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 272,820 625,013 27,543 207,593 51,127,878 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - + - 2,658 2,658 33,009 1,293 6 135,000 - — ~ - - 25,673,031 30,992 781,709 3 7,559 714,315 127,883 - + + + + + - + 353,825 257,531 200,077 19,596 123,379 713,072 35 708,533 34 + + + - -- 18,000 68,822 50,822 31,519 116,951 2,135 508,771 +1 ,604,075 744,650 -1,429,425 61,229 + - — — + + + + + + - - + - - - - + + + + - 61,229 180,315 1 335 34,523 3,698 10,240 139,375 213,346 344,809 82,906 210,914 220,690 3,889 39,102 3,347 173,702 12,310 40,337 + + *» + + 5,748 714,315 45.7% - - - 18,320 139,375 + 10,199 2,597 - 1,737 76 - .3# 15,554 854 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY Ik, 195k (Securities held under repurchase agreement are classified 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 58,619 23,908 157 Industrial loans 3 695 197 kl 82,68V 936 U. S. Government securities 516,825 2,655,475 12,972,716 6,307,260 1,035,304 1.414,857 24,902,437 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 14, 1954 (In thousands of dollars) H.4.1(b) ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bought outright-Bills Certificates Notes Total Held under repurchase agreement Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 20,387,102 1115,226 5,370,446 1278,272 1757,361 1029,347 948,130 3702,797 785,293 472,083 843,640 752,301 2332,206 854,907 51,569 171,461 56,762 78,090 69,154 55,827 147,005 48,107 24,984 40,445 29,452 82,051 21,242,009 1166,795 5,541,907 1335,034 1835,451 1098,501 1003,957 3849,802 833,400 497,067 884,085 781,753 2414,257 361,805 82,684 936 23,714 4,880 73,383 12,780 — 21,664 5,925 835 39,152 10,930 — 18,057 6,754 — 2,181,075 120,348 557,116 132,736 186,933 128,461 6,599,791 364,163 1,685,798 401,650 565,648 388,715 13,029,021 718,915 3,328,029 792,921 1116,679 767,383 1 vy iuu,tuu c u ? , - L 24,902,437 1374,067 6,360,879 1515,513 2134,313 1466,704 3l,l6l 5,464 — 62,282 14,715 — 21,742 2,315 — 7,627 5,375 101 11,056 6,810 — 12,110 3,706 39,857 3,030 111,084 381,291 91,267 53,561 94,100 85,703 238,475 336,133 1153,763 276,168 162,071 284,742 259,332 721,608 663,582 2277,707 545,199 319,953 562,124 511,962 1424,567 ? f f ?u \ Lay , H-UOis) yLr'r 1268,306 4353,394 1042,042 611,529 1074,391 978,516 2722,783 Total U. S. Government securities 24,902,437 1374,067 6,360,879 1515,513 2134,313 1466,704 1268,306 4353,394 1042,042 611,529 1074,391 978,516 2722,783 Total loans and securities 24,986,057 1378,947 6,373,659 1522,273 2145,243 1473,458 1273,770 4368,109 1044,357 617,005 1081,201 982,222 2725,813 Due from foreign banks F.R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 1 165,444 6,505 4,210,586 325,247 53,550 6,030 108,405 5,713 1/ 6 2 2 1 1 3 1 1 1 1 2 30,121 11,737 8,222 12,755 21,660 17,209 9,474 7,006 8,843 8,853 23,059 787,554 241,560 390,958 342,426 304,452 691,127 195,027 127,594 221,911 202,535 380,195 7,596 5,104 5,099 4,607 3,951 6,366 2,865 1,010 2,468 568 7,886 26,366 6,373 9,249 6,399 6,178 18,624 4,715 2,684 4,981 5,280 11,843 51,127,878 2912,952 12,840,592 3143,747 4433,376 2956,204 2645,130 9013,522 2111,581 1259,994 2214,546 1993,322 5602,912 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 14, 1954 (in thousands of dollars) H.4.1(c) LIABILITIES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,673,031 1605,122 5,732,711 1824,953 2380,432 1728,623 1370,607 4954,824 ll4o,97I 620,672 998,307 724,497 2591,312 Deposits: Member bank-reserve accts. 19,052,078 852,437 5,525,704 926,624 1478,181 809,718 901,559 3109,643 695,993 447,002 932,648 968,755 2403,814 U.S.Treasurer-general acct 557,066 44,029 106,382 29,912 51,928 26,517 28,541 101,857 32,331 27,382 28,656 31,611 47,920 Foreign 771,452 46,726 1/227,573 56,684 70,472 39,066 32,938 106,474 29,108 19,150 29,108 36,002 78,151 Other 399,599 4,086 317,923 9,604 10,877 2.418 964 2,468 7,951 1.689 4,295 707 36,617 Total deposits 20,780,195 947,278 6,177,582 1022,824 1611,458 877,719 964,002 3320,442 765,383 495,223 994,707 1037,075 2566,502 Deferred avail, cash items 3,527,874 290,435 609,039 212,512 337,203 288,811 258,258 574,956 159,435 113,728 176,176 179,108 328,213 Other liabilities and accrued dividends 13,809 876 609 1,218 4,330 728 634 2,164 512 533 542 1,117 546 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AMD CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 49,994,909 2843,711 12,523,662 3060,898 4330,311 2895,881 2593,501 8852,386 2066,322 1230,135 2169,732 1941,226 5487,144 272,820 14,762 83,346 18,503 26,242 12,170 11,836 36,096 9,460 6,083 10,494 13,606 30,222 625,013 38,779 176,633 45,909 57,648 31,750 28,034 90,792 25,465 16,219 23,456 28,146 62,182 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 .... * 7 r T ' < 7 11 if. 51,127,878 2912,952 12,840,592 3143,747 4433,376 2956,204 2645,130 9013,522 2111,581 1259,994 2214,546 1993,322 5602,912 10,199 2,597 622 2/2,957 755 724 938 867 520 45 439 117 1,418 20 388 255 388 824 479 l,o4o FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,672,397 1656,408 5,945,746 1907,582 2474,122 1829,951 1433,944 5054,746 1193,878 639,200 1029,843 760,707 2746,270 Collateral for F.R. notes: Gold certificates 11,043,000 640,000 2,670,000 800,000 950,000 625,000 485,000 2400,000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 29,254 3,965 4,815 --5,989 — 6,240 1,745 5,000 1,500 U. S. Govt, securities 16,945,000 1200,000 3,600,000 1200,000 1550,000 1300,000 1000,000 2700,000 950,000 500,000 800,000 525,000 1620,000 Total collateral l/ After deducting $543,860,000 participations of other Federal Reserve Banks. 2/ After deducting $7,242,000 participations of other Federal Reserve Banks.
@FedFRASER