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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) June 10, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 9, Member bank reserves increased $558 million. The principal changes supplying reserves were decreases of $198 million in Treasury deposits with Federal Reserve Banks, $178 million in Other deposits with Federal Reserve Banks, and $6l million in Money in circulation, and an increase of $158 million in Reserve Bank credit. The principal offsetting change was an increase of $43 million in Foreign deposits with Federal Reserve Banks. The increase of $158 million in Reserve Bank credit resulted from increases of $175 million in U. S. Government securities bought outright and $2 million in Loans, discounts and advances, and a decrease of $19 million in Float. Holdings of U. S. Government securities bought outright reflected an increase of $175 million in bills. Member Bank Reserves and Related Items June 9, 1954 Change since June 2, June 10, 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 24,987 +175 +355 q 178 574 25,740 + 2 - 19 +158 + 1 - 1 -280 - 72 - 1 -613 +107 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) 29,873 - 61 - 6 -130 563 + 43 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 21,924 4,957 825 250 -198 -464 +244 - 24 1 + 28 - 26 20,032 +558 -136 18,868 1,164 + 3 +555 -581 +445 27 ( 147 ->71 - 46 2 -396 201 876 -178 - U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,957 million, a decrease of $15 million for the week and an increase of $508 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 June 2, June 10, 1954 1953 June 9, 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: Special Other Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 20,382,102 856,300 21,238,402 350,576 176,778 1,331 + + + 1 2,146 2,147 9,876 1,875 93 2,265,975 + 175,000 - . + • + - +1,376,221 451,000 +1,604,075 744,650 -1,429,425 + 355,221 5,000 + 350,221 + 70,790 1 mm mm 6.599.791 13,029,021 3,092,550 24,987,337 + 175,000 25,987,337 25,165,446 + + 175,000 176,968 134,892 3.458.792 53,407 193,883 50,595,420 + + + + 25,541,351 - 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 accured dividends TOTAL LIABILITIES 250,340 563,093 200,763 21,045,874 2,884,524 21,009 49,492,755 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 271,744 625,013 27,543 178,362 50,595,420 "" - - 20,031,678 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 45.6# 16,086 2,316 - - - 22 + - + - + + + + 86 - - - + - - + + + + 49,767 + + + - 8,557 14,278 24 8,474 187,474 558,100 197,854 43,071 178,375 224,942 4,662 1,393 181,230 6,158 187,474 .2% 1,332 94 193,501 77,617 115,884 43,666 277,321 2,110 - - + - + + + 4,469 15,940 3,573 63,427 77,042 164,021 136,547 244,332 24,218 27,745 111,312 88,052 + 1,424 33,919 + + 13,761 40,337 + 10,975 77,042 - .2% - - 13,475 535 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 9, 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 152,598 24,180 176,778 Industrial loans 3 257 1,028 43 1,331 U. S. Government securities 380,300 2,036,075 13,813,541 6,307,260 1,035,304 1.414.857 24,987,337 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 9, 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 Bonds Total Held under repurchase agreement Total Boston 20,382,102 991,090 856,300 52,128 21,238,402 1043,218 350,576 176,778 1,331 New York Phila. Cleve. Rich. 5,719,861 1219,120 1743,072 1000,949 173,554 57,873 78,843 63,585 5,893,415 1276,993 1821,915 1064,534 67,611 22,214 21,120 20,505 — - - 23,170 11,757 1,226 32,624 13,581 18,870 11,538 - - Atlanta Chicago St.Louis Mpls. Kans.Cy. 936,564 3687,998 763,224 462,262 824,154 147,831 48,341 25,084 40,622 992,909 3835,829 811,565 487,346 864,776 60,013 52,797 21,182 9,832 9,617 11,674 56,345 34,916 7,098 — 13,174 736,173 2297,635 29,617 82,477 765,790 2380,112 13,671 3,990 105 — — - - 6,298 Dallas SanFran. 36,856 3,246 - ^ 2,265,975 125,032 6,599,791 364,163 13,029,021 718,915 3,092,550 170,641 24,987,337 1378,751 94,820 55,646 578,803 137,902 194,210 133,461 115,408 396,133 97,763 1,685,798 401,650 565,648 388,715 336,133 1153,763 276,168 162,071 284,742 3,328,029 792,921 1116,679 767,383 663,582 2277,707 545,199 319,953 562,124 75,944 133,425 789,936 188,206 265,053 182,145 157,507 540,633 129,408 6,302,566 1520,679 2141,590 1471,704 1272,630 4368,236 1045,595 613,614 1078,054 89,039 247,758 259,332 721,608 511,962 1424,567 121,519 338,133 981,852 2732,066 Total U. S. Government securities 24,987,337 1378,751 6,382,566 981,852 2732,066 Total loans and securities 25,165,446 1399,871 6,403,071 1533,662 2155,171 1483,242 1279,728 4421,033 Due from foreign banks F.R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 134,892 3,458,792 53,407 193,883 l 3,985 260,883 6,064 10,457 50,595,420 2746,693 l 1520,679 2l4l,590 1471,704 / 6 26,116 2 317,299 285,658 7,577 48,272 5,046 11,627 16,902 4,621 Il,44l 1 18,239 255,196 3,965 10,533 13,053,760 3077,256 4357,047 2881,511 2595,487 8,151 607,692 218,605 2 8,023 5,111 1 13,144 1272,630 4368,236 1045,595 613,6l4 1078,054 1058,769 620,017 1089,728 985,842 3 16,728 1 1 1 1 8,120 4,268 6,736 6,773 557,827 165,163 103,181 182,052 176,663 6,386 2,871 1,012 2,457 571 33,312 8,365 4,737 8,674 8,440 8931,131 2076,036 1230,394 2164,041 l/ After deducting $16,000 participations of other Federal Reserve Banks. 2735,312 2 14,609 328,573 7,726 21,123 1957,751 5524,313 STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BANKS ON JUNE 9, 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. Kans »Cy. Federal Reserve notes 25,541,351 1578,962 5,702,102 1816,087 2366,968 1717,807 1369,115 4926,622 1143,558 626,677 Deposits: Member bank-reserve accts. 20,031,678 802,938 6,208,089 915,410 1523,483 825,284 913,224 3275,012 717,246 455,019 U.S.Treasurer-general acct 250,340 17,929 57,586 22,692 25,646 9,159 18,288 36,994 8,664 12,890 Foreign 563,093 33,654 1/171,366 40,826 50,756 28,137 23,723 76,686 20,965 13,793 Other 200,763 3,795 119,574 9,463 12,157 1,966 887 3,826 7,792 1,302 997,430 Dallas SanFran. 724,828 2571,195 942,995 1000,956 2452,022 14,662 10,105 15,725 20,965 25,930 56,292 5,238 575 34.188 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 21,045,874 2,884,524 240,529 21,009 1,168 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 49,492,758 2678,975 12,744,650 2996,200 4256,619 2822,867 2545,300 8775,818 2031,917 1201,215 2120,452 1906,778 5411,967 271,744 14,662 83,416 18,473 26,059 12,095 11,730 35,666 9,379 6,064 10,450 13,566 30,184 625,013 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 27,543 858,316 6,556,615 988,391 1612,042 864,546 956,122 3392,518 754,667 483,004 983,860 1037,566 2558,227 479,270 190,577 275,406 239,513 219,160 453,530 132,952 91,010 138,458 143,574 280,545 3,011 6,663 1,145 7,319 4,489 • • f •• 1 r 2.203 1,006 .. ,.-r f - , - 1,001 903 3,349 . 762 r , , , ^ i , , , 3,148 1,429 - 740 521 ^ 524 1,073 704 1,137 ^* 810 1,307 » 2,000 2,140 50,595,420 2746,693 13,053,760 3077,256 4357,047 2881,511 2595,487 8931,131 2076,036 1230,394 2164,041 1957,751 5524,313 16,086 2,316 982 2/4,655 1,191 1,481 821 692 539 747 45 120 2,238 22 612 403 612 843 757 1,642 FEDERAL RESERVE AGENTS' ACCOUNTS F~ R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,570,976 1636,765 5,909,233 1915,351 2492,078 1822,336 1457,542 5021,084 1193,209 640,524 1024,798 752,304 2705,752 640,000 2,670,000 800,000 950,000 625,000 485,000 2400,000 355,000 175,000 280,000 283,000 1380,000 69,860 19,717 10,055 — 10,365 12,300 10,800 5,723 900 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 28,057,860 1859,717 6,270,000 2010,055 2500,000 1935,365 1485,000 5100,000 1317,300 680,723 1090,800 808,000 3000,900 11,043,000 1/ After deducting $391,707,000 participations of other Federal Reserve Banks. 2/ After deducting $11,431,000 participations of other Federal Reserve Banks.
@FedFRASER