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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) July 29, 1954 CONDITION OF THE FEDERAL RESERVE B A M S Member Bank Reserves and Related Items During the week ended July 28, Member bank reserves decreased $5 million. The principal changes reducing reserves were decreases of $200 million in Reserve Bank credit and $24 million in Gold stock, and an increase of $12 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $80 million in Foreign deposits with Federal Reserve Banks, $78 million in Money in circulation, and $72 million in Other F. R. accounts (net). The decrease of $200 million in Reserve Bank credit resulted from decreases of $197 million in U. S. Government securities bought outright and $129 million in Float, and an increase of $127 million in Loans, discounts and advances. Holdings of U. S. Government securities bought outright reflected a decrease of $197 million in bills. Member Bank Reserves and Related Items July 28, 1954 Change since July 21, July 29. 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 24,517 -197 221 525 25,263 21,907 4,959 +127 -129 -200 - 24 + 1 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) 29,776 812 548 549 398 911 + + - 78 4 12 80 4 72 Member bank reserves 19,136 - 5 18,379 757 + 35 - 40 635 4* 242 683 85 -245 + 28 + Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member b Member bank borrowings at F. R. Banks - 447 529 63 -1,038 370 + 106 - - + + + - 268 452 293 2 55 48 393 85 - 529 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,007 million, an increase of $76 million for the week and an increase of $623 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since July 21, July 29, 1954 1953 July 28, 1954 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,367, H A 852,726 21,219,830 131,185 393,55% 24,996 100 25,096 46,730 14,829 + 73,002 + 61,415 + 134,417 47,985 + 42,792 - 526,714 2,099 - 197,150 13,029,021 -2*2221550 24,517,287 - " 197,150 4- 123,621 +1,604,075 - 744,650 -1,429,425 - 446,379 24,517,287 - 197,150 - 446,379 24,738,418 22 3,447,068 53,703 123,828 - 70,381 - 975,192 + + 220,132 126,820 51 999 1,795,925 6,599,791 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS - 50,107,608 407,358 61 + 7,242 - 527,555 25,465,973 - 107,898 + 4,275 12,244 : 80,057 Mil 40,282 + 3,847 13,761 - 896,163 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank--reserve accounts U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 19,136,320 548,124 548,891 397,579 20,630,914 2,922,556 15,109 5-9,034,552 C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 273,663 625,013 27,543 146,837 50,107.608 - 527,555 66,292 11,983 - 896,163 46«0$ + .1$ 1.2% 2,4§i-0 + 544 49 14,753 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments : 7V799 277,397 - + 5g5 -461,589 326 8,562 - 327,500 - 392,631 - 293,298 + 2,253 + 54,4I4 ^"'629,262 + 22,854 M34 - 937,442 + + 12,925 40,337 1,068 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 28, 1954 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements,) Within 15 days l6 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 132,673 Industrial loans 3 689 267 40 U. S, Government securities 606,675 2,180,475 12,972,716 6,307,260 1,035,304 220,132 999 24,517,287 87,302 157 1,414,857. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 28, 1954 (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 U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Total Boston 20,367,104 1043,565 852,726 51,471 New York Phila. Cleve. Rich. Atlanta 5,474,459 1261,073 1767,158 1029,197 171,069 56,574 77,940 68,269 Chicago St.Louis 926,065 3734,787 55,733 146,851 Mpls. Kans.Cy. 786,985 460,660 848,451 48,064 24,967 40,402 Dallas SanFran. 712,446 2322,258 29,417 81,969 21,219,830 1095,036 5,645,528 1317,647 1845,098 1097,466 981,798 3881,638 835,049 485,627 888,853 741,863 2404,227 131,185 393,554 220,132 999 1,795,925 8,4l6 27,986 11,255 19,504 80,708 39,290 6,685 22,744 10,925 7,372 41,997 21,240 13,911 19,123 20,222 18,495 34,309 21,479 11,204 65,914 36,255 6,554 25,101 17,320 13,019 99,096 458,737 109,296 153,923 105,776 91,468 313,960 75,151 44,103 — — 899 8,603 5,175 100 7,563 13,122 13,240 4,679 11,967 10,866 13,783 41,980 12,865 77,483 70,569 196,363 6,599,791 364,163 1,685,798 401,650 565,648 388,715 336,133 1153,763 276,168 162,071 284,742 259,332 721,608 13,029,021 718,915 3,092,550 170,641 24,517,287 1352,815 3,328,029 792,921 1116,679 767,383 663,582 2277,707 545,199 319,953 562,124 789,936 188,206 265,053 182,145 157,507 540,633 129,408 75,944 133,425 6,262,500 1492,073 2101,303 1444,019 1248,690 4286,063 1025,926 602,071 1057,774 511,962 1424,567 121,519 338,133 963,382 2680,671 Total U. S. Government securities 24,517,287 1352,815 6,262,500 1492,073 2101,303 1444,019 1248,690 4286,063 1025,926 602,071 1057,774 963,382 2680,671 Total loans and securities 24,738,418 1364,070 6,301,790 1503,897 2122,543 1464,241 1270,169 4322,318 1043,246 607,346 1071,014 974,248 2693,536 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 3,447,068 53,703 123,828 1 263,287 5,997 6,509 1/ 6 615,315 7,600 30,153 2 213,410 5,147 7,431 2 328,379 5,08? 10,735 1 270,544 4,585 7,233 1 233,215 3,947 7,021 3 535,925 6,361 21,364 1 147,647 2,859 5,474 1 103,143 1,007 3,078 1 191,890 2,468 5,717 1 203,060 568 5,983 2 341,253 8,077 13,130 50,107,608 2771,302 12,700,604 3076,963 4361,213 2877,104 2548,955 8844,727 2065,931 1221,824 2180,628 1942,369 5515,988 l/ After deducting $l6,000 participations of other Federal Reserve Banks, STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 28, 1954 (in thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St,Louis Mpls. Rans.Cy. Dallas SanFran. Federal Reserve notes 25,465,973 1579,7^6 Deposits: Member bank-reserve accts. 19,136,320 822,000 U.S.Treasurer-general acct. 548,124 26,6l4 Foreign 548,891 32,849 Other 397,579 5,218 5,713,837 1804,840 2368,170 1708,896 1355,159 4932,983 1128,501 613,372 991,853 719,424 2549,192 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,630,914 2,922,556 886,681 237,765 6,190,715 1011,879 1605,256 490,158 180,181 288,268 15,109 910 TOTAL LIABILITIES Capital paid in Surplus (Section J) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,034,552 2705,102 12,400,035 2997,538 4263,248 2820,117 2500,139 8694,708 2022,919 1193,319 2138,197 1892,174 5407,056 273,663 14,781 83,376 18,696 26,254 12,225 11,838 36,180 9,475 6,093 10,571 13,908 30,266 625,013 38,779 176,633 45,909 57,648 31,750 28,034 90,792 25,465 16,219 23,456 28,146 62,182 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 27,543 146,837 3,011 9,629 5,584,378 131,419 l/l66,537 308,381 5,325 7,319 33,241 922,554 1491,571 38,245 52,748 39,849 49,542 638 4,489 10,331 1,554 1,006 13,057 808,467 888,957 3161,968 708,795 444,084 921,771 953,823 2427,952 40,279 27,463 1,984 878,193 232,314 27,070 23,156 3,349 31,833 20,463 941,366 3303,158 769,358 2,183 4,728 8,267 202,894 456,440 124,548 714 9,663 6l,6lO 74,852 720 762 8,182 2,127 1,429 21,6l8 512 521 7,551 28,350 13,462 1,613 42,442 20,463 23,749 25,309 43,765 54,946 38,921 987,081 1004,134 2565,584 487,509 92,045 158,673 167,904 291,366 393 590 712 914 1,073 5,120 1,137 7,267 1,307 6,834 2,l4o 14.344 50,107,608 2771,302 12,700,604 3076,963 4361,213 2877,104 2548,955 8844,727 2065,931 1221,824 2180,628 1942,369 5515,988 8,562 ... 2,48rx 525 2/2,456 636 659 791 867 1,195 370 llfst) 20 439 45 327 215 4o4 327 774 877 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,554,651 1644,017 5,914,395 1898,679 2482,440 1818,095 1428,521 5033,468 1189,227 636,663 1028,392 761,4o4 2719,350 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 54,047 5,460 — 3,895 —- 15,377 — — 13,710 2,800 9,630 — 3,175 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 28,042,047 1845,460 6,270,000 2003,895 2500,000 1940,377 1485,000 5100,000 1318,710 677,800 1089,630 808,000 3003,175 l/ After deducting $382,335,000 participations of other Federal Reserve Banks. 2/ After deducting $6,106,000 participations of other Federal Reserve Banks.
@FedFRASER