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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release June 16, 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 f o r the week ending June 15 increased $30 million to $18,678 million. The p r i n c i p a l changes supplying reserves were decreases of $136 million in Treasury deposits with Federal Reserve Banks and $29 million in Other deposits with Federal Reserve Banks. The p r i n c i p a l o f f s e t t i n g changes were a decrease of $88 million in Reserve Bank c r e d i t and an increase of $47 million in Foreign deposits with Federal Reserve Banks. Estimated average excess reserves of member banks f o r the week decreased $14 million to $606 million. The decrease of $88 million in average Reserve Bank c r e d i t f o r the week resulted p r i n c i p a l l y from decreases of $95 million in U. S. Government s e c u r i t i e s bought o u t r i g h t and $19 million in F l o a t , and an increase of $26 million in Member bank borrowings. As of Wednesday, June 15, holdings of U. S. Government s e c u r i t i e s bought outright were $6l million lower than a week e a r l i e r and Member bank borrowings were $445 million higher. Member Bank Reserves, Reserve Bank Credit, and Related Items Member bank reserve balances-Required reserves (estimated) Excess reserves (estimated) - 95 16 489 + 26 793 24,956 - 88 70 21,676 5,001 51,634 30,058 832 304 434 387 940 32,955 18,678 18,072 606 -1,367 + Money in c i r c u l a t i o n 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) 23,588 1 1 % Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s — Bought outright--System account Held under repurchase agreement Acceptances--Bought o u t r i g h t Loans, discounts, and advances-Member bank borrowings Other Float Total Reserve Bank c r e d i t Gold stock Treasury currency outstanding Weekly Averages of Daily Figures Week Ending Change from Week Ending June 15, 1955 June 8, 1955 June 16, 1954 (In mii l l i o n s of d o l l a r s ) - 19 + 1 - 1 - 86 - 1 - 3 -136 + 47 - 29 + 5 -117 + 30 + 44 - 14 + 372 + 44 + 128 - 808 - 249 + 44 -1,011 + 188 + 19 37 - 115 + 160 + 30 + 244 -1,256 - 971 - 285 For Wednesday Federal Reserve f i g u r e s see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED - attached. Latest Wednesday f i g u r e s f o r other items appearing above a r e , in millions of d o l l a r s : Gold stock 21,676 Treasury cash holdings 833 Treasury currency outstanding 5,002 Member bank) - Required ( e s t . ) 18,124 Money in c i r c u l a t i o n 30,033 reserves ) - Excess (est.) 963 On June 15, 1955, U. S. Government s e c u r i t i e s held in custody by the Fede r a l Reserve Banks f o r f o r e i g n account were $3,324 million, an increase of $15 million f o r the week and an increase of $368 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) June 15, 1955 June 8, 1955 June 16, 1954 ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F. R. notes Total gold c e r t i f i c a t e reserves F. R. notes of other Banks Other cash Discounts and advances I n d u s t r i a l loans Acceptances—Bought outright U. S. Government s e c u r i t i e s : Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government s e c u r i t i e s 832,450 8,273,775 11,645,837 2,801,750 23,553,812 - 23,553,812 - Total loans and s e c u r i t i e s Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,407,435 22 5,143,916 56,971 127,495 51,257,939 +1,333,169 173 42,533 +1,697,973 + 227,695 + 3,358 + 49,216 - 590,244 20,150,102 843,192 20,993,294 188,724 340,082 836,677 553 16,393 + + 4,999 2,596 2,403 9,367 10,611 445,210 73 500 - 227,000 20,972 - 247,972 + 41,357 23,969 + 701,151 748 + 16,393 . 6l,000 61,000 -1,356,725 +1,673,984 -1,383,184 - 290,800 -1,356,725 61,000 -1,356,725 + • + + + + - - - - + 384,783 - 639,929 — •» 4* 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 a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES 25,710,610 + 1,339 + 225,399 19,086,769 358,439 401,025 262,903 20,109,136 4,272,316 .19,179 50,111,241 + 604,021 - 827,036 - 100,866 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 294,208 660,901 27,543 164,046 51,257,939 243 + + 22,179 35,888 + . 4,591 +1,697,973 - 20,229 590,244 45.8# .6# 26,791 3,555 56 21 Ratio of gold c e r t i f i c a t e reserves to deposit and F. R. note l i a b i l i t i e s combined Contingent l i a b i l i t y on acceptances purchased f o r foreign correspondents I n d u s t r i a l loan commitments + 68,873 547 - 130,514 + 541^833 +1,150,384 417 +1,693,139 - 141,910 + 64,338 -1,005,474 + 152,801 808 - 628,082 .2# + + 10,414 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 15, 1955 (Acceptances and s e c u r i t i e s held under repurebase agreement c l a s s i f i e d as maturing within 15 days in accordance with maximum maturity of the ag^eeman-tBc) 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 778,259 31,739 26,679 —— — «•» 036,677 Industrial loans 269 95 45 144 Acceptances 6,467 9,926 -»— mm w mm «•» +> «* — 553 16,393 U. S. Government securities 273,850 6,312,299 10,765,699 3,773,493 1,013,614 1.414,857 23,553,812 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 15, 1955 ( I n thousands of d o l l a r s ) 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 Bonds Total Held under repurchase & ^ j L * 6 6 0 l 6 T l t Total Boston 20,150,102 988,024 843,192 51,007 20,993,294 1039,031 188,724 340,082 836,677 553 16,393 832,450 8,273,775 11,645,837 2 ,8 0 1 ,7 5 0 — 6,384 24,018 14,880 New York 45,971 456,911 643,130 154,724 , mm mm Cleve. Rich. Atlanta 5,421,418 1263,349 1716,387 1149,886 173,545 56,010 73,281 70,078 5,594,963 1319,359 1789,668 1219,964 40,582 67,999 174,812 — — - - Phila. 16,393 211,563 2,102,739 2,959,731 712,051 , mm w Chicago St.Louis 818,479 3669,108 818,639 369,476 804,577 150,266 46,038 24,224 40,914 870,105 3819,374 864,677 393,700 845,491 4,l84 9,276 59,472 84 6,639 13,528 61,130 - - —— 51,626 5,314 14,555 96,447 469 8,009 37,305 85,307 9,703 16,071 15,853 52,361 30,055 42,967 17,071 55,069 223,571 8,029 18,654 20,988 — - - — - - - - - - - - - - - - - - 50,665 71,543 503,558 711,073 708,789 1000,878 170,520 240,791 . . •> * • 49,042 487,442 686,103 165,062 _ . . •• * Mpls. Kans.Cy. 42,969 145,202 427,076 1443,170 601,135 2031,348 144,621 488,701 _ , « • • 34,545 343,345 483,279 116,267 •» • 20,173 200,497 282,214 67,895 mm mm 36,203 359,827 506,477 121,848 mm mm Dallas SanFran. 713,994 2416,765 27,982 78,221 741,976 2494,986 9,252 15,828 15,683 21,196 37,724 25,567 — — - - - — — — 33,380 91,194 331,762 906,375 466,975 1275,778 112,344 306,926 mm mu mm mm Total U. S. Government securities 23,553,812 1300,736 5,986,084 1433,532 2024,285 1387,649 1215,801 4108,421 977,436 570,779 1024,355 944,461 2580,273 Total loans and s e c u r i t i e s 24,407,435 1315,6l6 6,177,289 1530,448 2109,592 1403,502 1258,768 4331,992 998,424 630,335 1085,485 960,144 2605,840 1 222,569 2,810 5,571 1 154,679 1,202 3,035 1 263,911 1,557 6.343 Due from f o r e i g n banks U n c o l l e c t e d c a s h items Banks premises Other a s s e t s TOTAL ASSETS 22 5,143,916 56,971 127,495 1 379,371 5,830 6,664 1/ 6 972,205 7,125 30,784 2 252,478 5,206 7.220 2 517,960 5,366 10,684 1 389,524 4,569 7,429 1 369,089 4,2*10 7,119 3 853,362 6,187 23.369 1 289,615 3,222 5,475 2 479,153 9,657 13,802 51,257,939 2776,915 12,890,953 3134,582 4478,586 3050,763 2591,738 9106,427 2120,735 1196,412 2249,456 1999,012 5662,360 l / A f t e r deducting $16,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 15, 1955 (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. Dallas SanFran Federal Reserve notes 25,710,610 1573,688 5,773,206 1803,378 2364,642 1846,249 1296,916 5003,689 1159,676 563,395 1028,076 709,264 2588,43: Deposits: Member bank-reserve a c c t s . 19,086,769 749,617 5,709,008 888,154 1527,196 773,078 881,417 3106,440 699,453 437,937 922,341 970,623 2421,50; U.S.Treasurer-general acct 358,439 13,374 66,286 16,790 19,886 23,266 18,680 67,694 15,249 15,887 19,108 21,467 60,75: Foreign 401,025 23,820 1/119,524 28,981 36,127 19,850 17,071 55,580 15,086 9,925 15,086 18,659 40,911 Other 262,903 3,135 183,206 10,197 6,048 2,368 1,198 3,509 6,747 66l 6,946 1,327 37,56; Total deposits Deferred a v a i l , cash items Other l i a b i l i t i e s and accrued dividends 20,109,136 4,272,316 789,946 343,109 6,078,424 711,854 19,179 1,093 5,549 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,111,241 2707,836 12,569,033 3051,521 4374,771 2990,144 2539,322 8944,210 2075,217 1166,083 2204,291 1944,861 5543,95; Contingent l i a b i l i t y on acceptances purchased f o r foreign correspondents Industrial loan commitments 294,208 660,901 27,543 164,046 15,331 40,309 3,011 10,428 88,741 188,070 7,319 37,790 944,122 1589,257 302,993 418,960 1,028 1.912 19,450 47,773 4,489 11,349 28,001 60,222 1,006 14,586 818,562 918,366 3233,223 736,535 464,410 963,481 1012,076 2560,7^ 324,466 323,104 704,299 178,348 137,604 212,035 222,550 392,99^ 867 936 2,999 658 674 699 971 1,79: 13,282 33,480 3,349 10,508 13,170 29,480 762 9,004 39,192 96,566 1,429 25,030 10,262 26,619 521 8,116 6,690 16,918 1,073 5,648 11,310 24,755 1,137 7,963 15,436 29,985 1,307 7.423 33,34: 66,72J 2,14< 16,20: 51,257,939 2776,915 12,890,953 3134,582 4478,586 3050,763 2591,738 9106,427 2120,735 1196,412 2249,456 1999,012 5662,36 26,791 3,555 1,608 2/7,817 1,956 391 2,439 627 1,340 11 1,152 92 3,752 14 1,018 670 1,018 2,420 1,260 2,76 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold c e r t i f i c a t e s E l i g i b l e paper U. S. Govt, s e c u r i t i e s Total c o l l a t e r a l 26,567,912 1617,393 5,947,225 1864,021 2465,309 1904,300 1367,388 5091,977 1204,923 597,469 1057,839 749,684 2700,3® 11,108,000 640,000 2,670,000 800,000 1050,000 675,000 500,000 2300,000 355,000 175,000 280,000 283,000 1380,00( 249,837 10,880 12,520 91,580 18,455 57,805 58,597 17,055,000 1200,000 3,600,000 1200,000 1500,000 1300,000 1000,000 2900,000 910,000 500,000 800,000 525,000 l620,00( 28,412,837 1650,880 6,270,000 2091,580 2550,000 1987,520 1500,000 5200,000 1283,455 732,805 1138,597 808,000 3000,00% l / After deducting $281,076,000 participations of other Federal Reserve Banks. 2 / After deducting $18,974,000 participations of other Federal Reserve Banks.
@FedFRASER