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H.4.1 BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release July 26, 1956 WEEKLY AVERAGES OF MEMBER B A M RESERVES, RESERVE B A M CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BANKS The weekly average of member bank reserves for the week ending July 25 decreased $125 million to $18,744 million. Estimated required reserves decreased $36 million; and estimated excess reserves decreased $89 million to $533 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $40 million, compared with $227 million the week before. The principal changes reducing reserves were decreases of $276 million in member bank borrowings, $82 million in Federal Reserve holdings of U. S. Government securities, and $19 million in Federal Reserve float. The principal offsetting changes were decreases of $176 million in money in circulation, $39 million in Treasury deposits with Federal Reserve Banks, and $32 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $376 million. As of Wednesday, July 25, holdings of U. S. Government securities bought outright were $118 million lower than a week earlier and member bank borrowings were $10 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 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) Member bank reserves-Required reserves (estimated) Excess reserves (estimated) Weekly averages of daily figures Change from week ending Week ending July 25, 1956 July 18, 19561 July 27T1955 (In million of dollars) 23,408 — — 18 573 1 1,393 25,393 21,828 5,032 52,253 30,632 773 556 288 267 994 33,510 18,744 18,211 533 - 79 - 3 + 1 -276 — — - 19 ^375 + 1 + 1 -374 -176 + 5 - 39 - 32 - 11 + 7 -248 -125 ^15 - 89 -627 -105 + 7 +178 - 43 +478 -113 +147 + 30 rss +475 - 25 + 76 -151 -136 + 27 +266 -201 -175 - 26 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 21,829 Treasury cash holdings 779 Treasury currency outstanding 5,034 Member bank) - Required (est.) 18,184 Money in circulation 30,533 reserves ) - Excess (est.) 131 On July 25, 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $ 3 , 6 9 6 million, an increase of $7 million for the week and an increase of $449 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) A S S 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 20,283,392 855,988 21,139,380 345,523 392,155 461,388 909 - 17,116 478,370 10,932,699 9,153,913 2,801,750 23,366,732 • Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 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 + + + + 2,002 1,879 123 37,725 16,210 9,528 5 — — - 117,600 — — - + + + + + - + + 122,289 22^852 145,141 110,939 26,734 87,929 548 6,778 838,330 +2,658,924 -2,491,924 - - - - «• 117,600 • •* - 23,366,732 - 117,600 23,846,145 22 4,617,065 - 108,077 - 671,330 108,000 779,330 859,933 - - 190,751 50,600,54% - 894,311 259 + 54,287 -1,002,604 + + + + 641,323 11,828 22,715 98,747 26,326,474 - 115,781 + 493,535 18,315,358 590,628 261,800 260,880 19,428,666 3,536,306 13,885 49,305,331 + 468,811 113,552 + 317,171 693,612 27,543 256,890 50,600,547 + + 9,342 -1,002,604 46.2# .5% 69,506 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 since July 27, 1955 July 18, 1956 July 25, 1956 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 46,168 2,495, - 26,816 - 13,265 395,340 500,395 774 -1,012,290 344 ** — - 603,699 - 132,795 181,087 130,211 782,202 271,045 919 18,541 + + 20,886 32,711 - - + - -- + + 1,314 2 63,6 -£91 98z H 23,166 1.023 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JULY 25. 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 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 455,976 5,169 243 461,388 Industrial loans 1 128 Acceptances 67067 11,109 449 331 909 177D3 U. S. Government securities 1017520 376,950 11,432,699 9,027,192 1,013,614 1,414,8:37 23,366,732 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 25, 1956 H A . 1(b) Boston Total New York Philadelphia Cleveland St. Louis Chicago Richmond Atlanta Minneapolis Kansas City San Francisco Dallas A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 20,283,392 868,692 5,293,262 1143,372 1876,884 1264,335 952,306 3673,681 825,542 338,444 838,511 691,043 2517,320 855,988 59.179 21,139,380 927,871 F.R. notes of other Banks Other cash 345,523 392,155 25,343 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 461,388 909 177.511 61.688 74.4l6 72.328 50.984 154.812 42.945 23.278 40.489 5,470,773 1205,060 1951,300 1336,663 1003,290 3828,493 868,487 361,722 879,000 25.897 72.461 716,940 2589,781 28,632 85,288 62,108 34,676 21,299 22,688 37,991 25,279 19,728 56,060 32,292 27,719 58,079 11,289 24,873 19,007 9,167 10,207 12,296 17,566 14,727 33,581 47,783 8,601 38,465 40,365 558 43,350 31,929 18,375 144,100 27,400 49,510 51 39,900 11,793 7,600 28,745 41,376 656,957 945,602 550,068 791,749 168.160 242.132 29,453 673,115 563,597 172.501 24,598 83,462 562,148 1907,450 470,685 1597,102 144.061 488.827 19,972 456,440 382,176 116.073 975,561 10,805 246,937 206,759 $3,283 20,728 473,714 396,639 121,400 19,012 53,531 434,509 1223,380 363,813 1024,332 111,353 313,518 975.561 527.784 1012.481 928.687 26l4.76l 300 17,116 17,116 478,370 10,932,699 9,153,913 2,801,750 23,366,732 120,394 26,294 600,927 2,751,520 503,154 2,303,839 154,001 705.139 1284,376 5,880,892 1404,130 2021,059 1438,666 1201,494 4076,841 527,784 1012,481 928,687 2614,761 Total U. S. Govt, sees. 23.366,732 1284.376 5.880.892 1404.130 2021.059 1438.666 1201.494 4076.841 Total loans & securities 23,846,145 1293,277 5,936,473 1445,053 2064,409 1470,595 1219,869 4220,941 1002,961 577,345 1052,381 940,480 2622,361 22 Due from foreign banks Uncollected cash items Bank premises Other assets 4,617,065 69,506 TOTAL ASSETS 50,600,547 1/ After deducting $16,000 190,751 1 463,915 5,417 10,233 1 / 6 2 854,738 284,612 8,621 4,893 46,212 11.081 2 418,818 7,027 16.383 1 1 6,772 11,519 10,620 3 1 1 1 1 5,968 3,907 7.645 4,461 4,129 8.073 3,347 8.352 349,998 330,991 704,841 182,959 117,222 219,953 238,695 3,998 35,150 4.291 2 450,323 10,966 21,192 2754,689 12,464,219 3006,676 4518,618 3220,555 2657,121 8881,194 2102,122 1093,216 2186,040 1940,108 5775,989 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 25, 1956 H.4.1(c) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San 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 26,326,474 1596,286 512,755 104l,8l4 699,888 414,423 6,225 849,949 44,46i 9,462 1,797 905,669 908,978 2475,782 45,192 54,513 12,699 936 967,805 26,170 39,689 2596,154 186,274 208,274 388,307 480 662 868 622 1,590 597 2,562 551 475 633 3,309 13,885 49,305,331 2678,444 12,108,258 2914,993 4402,313 3151,590 2597,226 8692,559 2051,426 1059,900 2134,308 1876,600 . 1,536 5637,714 761,528 5,241,666 867,822 1490,736 810,361 913,448 2906,065 674,600 40,238 58,915 38,608 57,000 50,821 64,699 75,771 33,996 14,691 1/ 83,989 17,928 22,659 12,699 10,956 34,860 9,462 2,672 190,541 10,335 941 2,911 1,223 1,797 7,114 18,315,356 590,628 261,800 260,680 19,42b,666 819,129 5,575,111 3,536,306 262,161 500,936 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 1/ After deducting |/ After deducting 317,171 693,612 27,543 256,890 16,391 41,667 3,011 15,176 50,600,547 2754,689 46,168 2,495 27,309,449 11,498,000 100,665 2,726 -- 91,611 934,693 1571,336 876,792 990,326 3018,493 725,172 924 447,986 231,695 282,224 305,790 150,250 98,679 20,401 49,491 4,489 17.302 358,395 30,319 14,547 62,563 35,012 1,006 22,417 16,057 12.464,219 3006,676 4518,618 3220,555 195,827 7,319 61.204 2/ 13,181 -- 1656,004 6,234,414 26,4i4 3,326 73 3,349 2,356 4,204 187 1821,697 2558,487 14,735 30,841 762 13.557 563,321 42,381 101,894 1,429 42,931 10,898 27,649 521 11.628 7,049 12,733 17,586 25,960 1,073 1,137 11.902 7.608 17,370 33,847 1,307 10.984 2651,717 38,736 71,275 2,140 26.124 2657,121 8881,194 2102,122 1093.216 2186,040 1940,108 5775,989 2,033 2063,194 1370,706 6,468 107 1,756 $207,371 1228,765 1,756 2,356 4,851 558,908 1071,292 738,044 2800,567 1,155 2,128 580,000 2,870,000 650,000 1090,000 845,000 500,000 2300,000 450,000 150,000 280,000 283,000 1500,000 -- -- 33,365 -- -- -- -- 27,400 39,900 -- — 16,985,000 1200,000 3,600,000 1200,000 1500,000 1300,000 1000,000 3000,000 900,000 460,000 800,000 525,000 1500,000 28,583,665 1780,000 6,470,000 1883,365 2590,000 2145,000 1500,000 5300,000 1377,400 610,000 1119,900 808,000 3000,000 $177,78*5,000 $32,98'7,000 6,028,902 1747,983 2470,992 1991,912 1300,513 5108,183 1175,529 participations of other Federal Reserve Banks. participations of other Federal Reserve Banks.
@FedFRASER