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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) July 8, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended July 7, Member bank reserves increased $395 million.^ The principal changes supplying reserves were a decrease of $575 million in Treasury deposits with Federal Reserve Banks and an increase of f 9 4 million in Reserve Bank credit. The principal offsetting changes were increases of $250 million in Money in circulation and $26 million in Foreign deposits with Federal Reserve Banks. increase of $94 million in Reserve Bank credit resulted from increases of $47 million in Loans, discounts and advances and $47 million in Float. Member Bank Reserves and Related Items Reserve Bank credit: U. S. Government securities-Bought outright Held under repurchase agreement Loans, discounts and advances Float Total 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) Daily averages for period— Estimated excess reserves of member banks Member bank borrowings at F. R. Banks July 7, 1954 Change since June 30, July 8, 1954 1953 (in millions of dollars) 25,037 85 614 25,736 21,928 + 73 " + 47 + 47 + 94 + 1 4,959 30,154 826 300 571 -259 - 63 -248 -510 +105 +250 -125 - 3 -575 -440 -131 + 26 + 83 + - 3 1 +204 + 39 19,406 +395 -284 18,406 1,000 - 3 +398 -596 +312 975 56 +136 +183 -343 380 987 - 82 , . U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,933 million, an increase of $33 million for the week and an increase of $447 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since July 87 June 30, July 7, 1954 1954 ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 10,001 + 20,387,102 857,565 21,244,667 328,796 83,977 942 3,841 6,160 29,549 47,232 290 - + - + - - + - 71,078 13,922 21,767 256,745 2,117 - 643,771 744,650 -1,429,425 + 73,771 - - - - - - - - - - 25,037,437 + - - + 25,122,356 22 134,452 3,428,877 53,547 100,846 50,413,563 46,942 - - 73,771 185,091 - 1 11,139 25,407 3,740 9,545 219,598 + - 9,866 367,958 4 8,707 345,568 25,800,914 + 212,782 - 162,658 19,405,903 299,535 571,375 + 394,581 575,333 26,304 3,472 150,976 - 283,603 - + - + + 380,003 20,656,816 - 2,814,802 - + 13,844 49,206,376 C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section ijb) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS + +1,604,075 - - L I A B I L I T I E S Federal Reserve notes Deposits: Member bank--reserve accounts U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 85,000 - + 2,316,075 6,599,791 13,029,021 3,092,550 25,037,437 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 1953 - 415,029 1,205 352,01b - - - + + - + - 131,162 83,719 204,317 126,729 37,260 3,494 - 255,621 272,786 625,013 27,543 201,845 50,413,563 + 470 -- + + . 12,489 40,337 + - 5,980 345,568 - l6,803 219,598 45.7$ - 11,936 2,673 + Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments . 1$ 1,573 277 + - .2$ 14,677 719 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 7, 1954 (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 58,950 24,868 Industrial loans 4 159 765 131 U, S. Government securities 488,400 ---83,977 42 — -942 6,307,260 1,035,304 1.414.857 25,037,437 2,818,900 12,972,716 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 7, 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 Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bought outright-Bills Certificates Notes CUUUD Total Held under repurchase agreement Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 20,387,102 1075,794 5,599,582 1279,735 1691,244 1017,912 947,492 3693,969 760,483 472,153 862,914 741,201 2244,623 857,565 51,674 171,956 56,999 78,251 70,282 55,941 147,185 48,156 25,009 40,484 29,488 82,140 21,244,667 1127,468 5,771,538 1336,734 1769,495 1088,194 1003,433 3841,154 808,639 497,162 903,398 770,689 2326,763 328,796 83,977 942 21,085 3,900 63,990 16,320 — — 19,927 4,015 839 36,158 23,640 "" 15,293 5,279 *•" 31,060 3,6o4 —— 57,805 20,878 7,678 10,152 11,742 8,810 3,420 5,975 6,520 964 —— —— 103 — 33,028 1,530 2,316,075 127,797 591,600 140,951 198,504 136,412 117,960 404,892 96,916 56,876 99,924 91,008 253,235 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 3,328,029 792,921 1116,679 767,383 663,582 2277,707 545,199 319,953 562,124 511,962 1424,567 -L I v , UM-JI u y y y J \JJ J ±.<JCL f x j f y JKJ ( j U J 3 * j * - y 3 5 ° 9 J-J J 25,037,437 1381,516 6,395,363 1523,728 2145,884 1474,655 1275,182 4376,995 1047,691 614,844 1080,215 983,821 2737,543 \ j y c . y Total U. S, Government securities 25,037,437 1381,516 6,395,363 1523,728 2145,884 1474,655 1275,182 4376,995 1047,691 6l4,844 1080,215 983,821 2737,543 Total loans and securities 25,122,356 1385,416 6,411,683 1528,582 2169,524 1479,934 1278,786 4385,805 1051,111 620,922 1086,735 984,785 2739,073 Due from foreign banks F.R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 1 134,452 3,115 3,428,877 281,795 6,030 53,547 100,846 5,258 1/ 6 21,867 2 6,589 2 1 l 1 3 8,444 11,735 18,183 14,277 9,231 716,193 206,987 309,074 261,540 222,631 503,831 160,001 5,108 4,607 5,104 6,366 7,591 2,865 3,951 8,849 24,457 5,831 5,895 5,769 17,076 4,445 l 1 1 2 8,828 17,679 7,873 97,885 192,817 165,587 310,536 2,461 1,010 568 7,886 4,942 11,258 2,473 4,593 6,631 50,413,563 2830,168 13,017,325 3109,820 4306,654 2867,135 2563,814 8826,317 2057,171 1233,762 2208,030 1947,142 5446,225 l/ After deducting $l6,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 7, 1954 (In thousands of dollars) H.4.1(c) X-I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 25,800,914 1614,639 5,765,714 1832,734 2382,906 1741,447 1376,011 4961,637 1147,174 626,793 1006,668 728,057 2617,134 Federal Reserve notes Deposits: Member bank-reserve accts. 19,405,903 828,147 5,833,333 931,720 1483,418 788,653 903,799 3213,790 685,449 465,588 949,813 980,998 2341,195 19,666 22,447 16,078 13,662 21,777 22,344 33,763 U.S.Treasurer-general acct 299,535 26,655 56,367 23,911 21,531 21,334 571,375 34,148 1/173,899 41,425 51,502 28,550 24,071 77,812 21,272 13,995 21,272 26,311 57,118 Foreign 32,695 Other __ ' 20,656,816 893,766 6,356,439 1007,463 1567,458 841,988 949,239 3319,522 731,735 495,395 997,868 1031,172 2464,771 Total deposits 575,264 186,483 252,220 223,076 186,647 382,823 132,751 81,381 158,447 135,505 248,235 Deferred avail, cash items 2,814,802 251,970 Other liabilities and 484 528 994 471 580 2,310 475 615 4,380 651 1,516 840 13,844 accrued dividends 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 49,286,376 2761,215 12,701,797 3027,331 4204,100 2807,126 2512,477 8666,292 2012,131 1204,044 2163,467 1895,262 5331,134 272,786 14,759 83,484 18,492 26,204 12,159 11,815 36,072 9,451 6,077 10,482 13,605 30,186 625,013 27,543 201,845 38,779 3,011 12,404 176,633 7,319 48,092 45,909 4,489 13,599 57,648 1,006 17,696 31,750 3,349 12.751 28,034 762 10,726 90,792 1,429 31,732 25,465 521 9,603 16,219 1,073 6,349 23,456 1,137 9,488 28,146 1,307 8,822 62,182 2,l4o 20,583 50,413,563 2830,168 13,017,325 3109,820 4306,654 2867,135 2563,814 8826,317 2057,171 1233,762 2208,030 1947,142 5446,225 11,936 2,673 726 2/3,487 881 920 1,095 747 607 45 512 117 1,654 20 452 297 452 824 559 1,214 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,688,815 1658,192 5,946,789 1913,184 2481,907 1836,775 1445,510 5052,540 1183,764 639,819 1028,466 757,158 2744,711 11,043,000 640,000 2,670,000 600,000 950,000 625,000 485,000 2400,000 355,000 175,000 280,000 283,000 1380,000 24,804 2,985 --2,905 —4,514 --— 2,850 5,600 5,950 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 28,012,804 1842,985 6,270,000 2002,905 2500,000 1929,514 1485,000 5100,000 1307,850 680,600 1085,950808,000 3000,000 1/ After deducting $397,458,000 participations of other Federal Reserve Banks. 2/ After deducting $8,449,000 participations of other Federal Reserve Banks.
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