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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release July 28, 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 27 increased $171 million to $18,945 million. The principal changes supplying reserves were decreases of $130 million in Money in circulation, $21 million in Foreign deposits with Federal Reserve Banks, and $12 million in Other deposits with Federal Reserve Banks, and an increase of $74 million in Reserve Bank credit, The principal offsetting change was an increase of $64 million in Treasury deposits with Federal Reserve Banks, Estimated average excess reserves of member banks for the week increased $12 million to $597 million. The increase of $74 million in average Reserve Bank credit for the week resulted principally from increases of $105 million in U, S. Government securities held under repurchase agreement, $93 million in Member bank borrowings, and $92 million in U, S. Government securities bought outright, and decreases of $203 million in Float and $11 million in Other loans, discounts, and advances. As of Wednesday, July 27, holdings of U, S, Government securities bought outright were $95 million higher than a week earlier, U, S, Government securities held under repurchase agreement were $108 million higher, and Member bank borrowings were $2 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 reserve balances— Required reserves (estimated) Excess reserves (estimated) Weekly Averages of Daily Figures Change from Week Ending Week Ending July 27. 1955 July 20. 19551 July 28. 1954 (in millions of dollars) 24,035 105 11 + 92 +105 - 3 395 44 915 25,506 21,681 5.002 52,189 + 93 - 11 -203 + 74 + 1 - 1 + 74 30,157 798 480 439 403 967 33,244 -130 + 5 + 64 - 21 - 12 - 3 - 97 18.945 18,348 597 +171 +159 + 12 - + + + + + - + + + - - + + + - 482 105 11 310 40 325 229 243 43 29 342 8 71 130 17 L 120 91 1 92 For Wednesday Federal Reserve figures see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED - attached. Latest Wednesday figures for o-,her items appearing above are, in millions of dollars: Gold stock 21,681 Treasury cash holdings 303 Treasury currency outstanding 5,003 Member bank) - Required (est.) 18,342 Money in circulation 30,120 reserves ) - Excess (est,) 577 On July 27, 1955, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,247 million, a decrease of $35 million for the week and an increase of $240 million from the comparable date a Digitized FRASER yearforago. E.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since July 20, July 2b, 1955 1954 July 27, 1%% 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 outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,161,103 833,136 - 20,994,239 - 2 + 234,584 + + 365,421 549,317 • 361 10,338 - - 1,316,700 - 19,590 225,591 + 103,399 28,133 + 329,185 94,500 - 479,225 +1,673,984 -1,383,184 - Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS + 24;03B$2 + 94,500 24,146,062 + 24,706,078 3,975,742 57,678 168,036 22 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 C A P I T A L A C C O U N T S Cap ital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts • TOTAL LIABILITIES AND CAPITAL ACCOUNTS 202,500 - 371,225 + 179,629 - 32,340 - 667,781 37 ,7,553 461,016 + + + + 528,674 3,975 44,208 394,192 25,832,939 - 18,919,057 457,833 442,887 391,091 20,210,868 3,265,261 14,804 49,323,872 + + - - + 56,563 + 108,000 + 366,966 109,156 106,300 3,813 23,832 17,163 392,903 405 466,224 - + 217,263 90,291 106,004 6,488 420,046 342,705 305 289,320 256 + + 22,622 35,888 4,952 461,016 + + 46,362 394,192 + + 14,440 1.038 296,285 660,901 Ratio of gold certificate reserves to deposit ajnd F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - 290,800 479,225 + - 50,501,800 10,338 - + 108,000 50,501,800 27,543 193,199 638 - 8,273,775 11,645,837 108,000 206,001 3,837 3,835 6,839 16,616 20,802 18 2,0$1 - + - 45.6* •1% 23,002 747 15 • 3>5i8 + MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 27, 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 503,839 45,432 46 Industrial loans — % T 90 78 132 Acceptances 4,847 5,491 U. S. Government securities 463,300 6,715,099 10,765,699 3,773,493 1,013,614 l , \ l W 549,317 ~W 10,338 24,146,062 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 27, 1955 (In thousands of dollars) H.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 Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes JDVX1U.O Total Held under repurchase agreement Total Boston 2 0 , 1 6 1 , 1 0 3 1037,973 833,136 10,338 1,316,700 8,273,775 11,645,837 C,VV-L, tJV Cleve. Rich. Atlanta Chicago St.Louis 149,020 45,652 24,100 40,636 840,414 3885,588 847,743 387,937 864,826 15,938 63,102 110,016 — 8,295 20,065 26,395 — 11,652 8,701 46,840 83 10,441 12,839 32,024 67,965 229,668 427,076 1443,170 601,135 2031,348 54,641 343,345 483,279 31,908 200,497 282,214 57,263 359,827 506,477 52,797 144,24: 331,762 906,375 466,975 1275,77* 997,532 582,514 1045,415 9 6 3 , 8 7 8 2633,322 997,532 582,514 1045,415 9 6 3 , 8 7 8 2633,322 6,341,276 1516,303 2106,678 1452,558 1288,317 4302,903 1023,927 629,437 1077,439 978,135 2648,942 l 1 110,856 1,322 4,015 1 214,151 1,682 7,942 56,552 73,063 65.398 5,581,879 1235,028 1822,047 1218,431 45,444 63,322 113,785 -- — 9,440 20,860 53,020 278 9,497 42,570 40,775 — 15,391 18,713 36,380 -- 8 0 , 1 3 8 113,161 503,558 711,073 708,789 1000,878 77,571 487,442 686,103 50,909 52,711 31,4l8 47,520 — 334,632 2,102,739 2,959,731 | j-t- f J-JT, | JL J- I V » C.-TW, I 7 A. u-vy f -L-r-r , Vt-J- t w j |va 24,038,062 1327,478 6,109,153 1463,005 2065,903 1416,178 1240,797 4192,887 108* 000 108,000 — — Total loans and securities 24,706,078 1340,163 TOTAL ASSETS l 298,585 5,767 8,790 27,722 77,557 752,307 2467,902 16,218 14,382 14,257 26,245 43,251 15,620 - 24,146,062 1327,478 6 , 2 1 7 , 1 5 3 1463,005 2065,903 1416,178 1240,797 4192,88? 22 3,975,742 57,678 168.036 824,190 724,585 2390,345 10,338 Total U. S. Government securities Due from foreign banks Uncollected cash items Bank premises Other assets Dallas SanFran. 363,837 170,363 789,505 3736,568 Mpls. Kans.Cy. 802,091 13,312 26,198 12,685 -- 72,713 456,911 643,130 Phila. 5,4ll,5l6 1178,476 1748,984 1153,033 52,164 20,994,239 1090,137 234,584 365,421 549,317 361 New York / 6 743,030 7,433 42,001 2 225,060 5,l6l 9.759 2 382,977 5,367 14,254 1 305,523 4,568 9,784 1 3 280,674 640,323 4,266 6,162 9.049 30,314 1 160,333 2,797 7.062 1 200,863 3,211 7,150 < 413,361 9,942 17,91* 5 0 , 5 0 1 , 8 0 0 2782,953 12,824,391 3021,613 4383,392 3024,969 2506,850 8944,333 2070,223 1153,921 2176,770 1984,818 5627,561 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 27, 1955 (in thousands of dollars) 1.4.1(c) L I A B I L I T I E S Total Boston Chicago St,Louis Mpls. Kans.Cy. Dallas SanFran. 5,831,721 1788,800 2389,094 1860,494 1296,389 5039,220 1162,029 552,103 1029,933 711,632 2581,769 5,616,514 56,466 1/138,422 873,071 1474,351 27,060 37,370 31,390 39,130 869,043 3082,388 672,410 30,468 55,938 31,887 18,490 60,200 16,340 1.244 1.809 436,039 23,830 10,750 866,962 988,257 2466,687 853,825 267,609 6,132,647 525,764 941,895 1556,024 837,029 205,378 330,410 264,391 919,245 3200,335 236,592 534,463 727,599 133,412 471,886 98,393 931,946 1039,648 2598,789 167,503 177,365 323,981 934 4.045 567 499 25,632,939 1589,755 Federal Reserve notes Deposits: Member bank-reserve accts. 18,919,057 790,126 U»S.Treasurer-general acct, 457,833 36,190 442,887 25,800 Foreign Other 20,210,868 Total deposits Deferred avail, cash items 3,265,261 Other liabilities and 14.804 accrued dividends TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments New York Phila. , Cleve. 1,555 Rich, 783,209 30,012 21,500 763 Atlanta 727 2.360 45,789 16,340 30,149 20,210 611 719 52,674 44,315 1.381 49,323,872 2712,123 12,494,177 2936,716 4277,083 2962,677 2452,953 8776,378 2023,607 1122,881 2129,993 1929,364 5505,920 296,285 15,725 89,065 19,499 28,128 13,386 13,258 39,421 10,344 6,715 11,641 15,671 33,432 660,901 40,309 188,070 47,773 60,222 33,480 29,480 96,566 26,619 16,918 24,755 29,985 66,724 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 193.199 11.785 45.760 13.136 16.953 12.077 10.397 30.539 9.132 6.334 50,501,800 2782,953 12,824,391 3021,613 4383,392 3024,969 2506,850 8944,333 2070,223 1153,921 2176,770 1984,818 5627,567 23,002 3,518 1,380 2/6,718 — 1,679 506 2,093 627 1,150 11 989 87 3,220 12 874 — 575 — 874 2,275 1,081 — 2,369 — FEDERAL RESERVE AGENTS* ACCOUNTS F, R, notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total Collateral 26,827,532 1639,799 6,021,982 1873,072 2501,241 1927,321 1359,475 5131,594 1223,566 11,208,000 2,670,000 640,000 10,285 195,984 17,055,000 1200.000 28,458,984 1850,285 800,000 1050,000 675,000 500,000 2400,000 355,000 — 50,100 — 34,380 —— 24,875 3.600.000 1200.000 1500.000 1300.000 1000.000 2900.000 910.000 6,270,000 2050,100 2550,000 2009,380 1500,000 5300,000 1289,875 — \f After deducting $304,440,000 participations of other Federal Reserve Banks. 2/ After deducting $ 16,284,000 participations of other Federal Reserve Banks. 591,721 1064,938 754,526 2738,297 175,000 280,000 30,504 45,840 500.000 800.000 720,840 1110,504 283,000 1380,000 — — 525.000 1620.000 808,000 3000,000
@FedFRASER