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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) June 17, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June l6, Member bank reserves decreased $118 million. The principal changes reducing reserves were increases of $209 million in Treasury deposits with Federal Reserve Banks and $121 million in Other F. R. accounts (net). The principal offsetting changes were an increase of $104 million in Reserve Bank credit and decreases of $70 million in Money in circulation, $20 million in Foreign deposits with Federal Reserve Banks, and $15 million in Treasury cash holdings. The increase of $104 million in Reserve Bank credit resulted from an increase of $223 million in Float and decreases of $77 million in U. S. Government securities bought outright and $41 million in Loans, discounts and advances. Holdings of U. S. Government securities bought outright reflected a decrease of $77 million in bills. Member Bank Reserves and Related Items June l6, 1954 Change since June 9, June 17, 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 24,910 - 77 - 244 137 797 25,844 21,925 4,956 - 41 +223 +104 + l - 1 152 416 - 812 588 + 105 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) 29,803 810 459 543 199 997 - 70 - 15 +209 - 20 - 2 +121 + Member bank reserves 19,914 -118 -1,044 19,107 807 +239 -357 - 671 - 373 958 117 + 1 - 30 + 6l - 277 Required reserves (estimated) Excess reserves (estimated) Daily averages for period— Estimated excess reserves of member banks Member bank borrowings at F. R. Banks - - - + - 167 466 451 55 53 39 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,956 million, a decrease of $1 million for the week and an increase of $509 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 17, June 9, 1954 1953 June l6, 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 20,377,102 864,164 21,241,266 364,051 135,526 1,301 2,189,175 + + + - - 5,000 7,864 2,864 13,475 41,252 30 " - - — 76,800 76,800 118,082 24,910,537 25,047,364 22 147,367 4,916,221 53,613 78,279 51,848,183 + 12,475 +1,457,429 206 + 115,604 +1,252,763 — - — — - 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 25,485,211 - 19,913,805 459,305 542,935 198,565 21,114,610 4,119,515 19,987 50,739,323 117,873 208,965 20,158 2,198 + 68,736 +1,234,991 1,022 +1,246,565 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 272,029 625,013 27,543 184,275 51,848,183 + Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 56,140 + - 285 - — - +1,149,421 823,000 +1,604,075 744,650 -1,429,425 243,579 243,579 396,031 1 + 3,025 489,950 + 3,667 2,838 930,599 - - - - - 194,938 -1,044,281 + 451,376 55,471 53,314 701,690 73,977 1,922 972,527 ~ - + + 13,788 40,337 - - - - + 5,913 +1,252,763 45.6# 16,377 2,345 + 168,499 73,338 95,151 46,690 150,549 1,903 - tm mm — - - - 76,800 mm mm 6,599,791 13,029,021. 3,092,550 24,910,537 + - + + - - 12,197 930,599 .Ho + - 291 29 - 12,165 854 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 16, 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 http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Discounts and advances 113,662 21,864 135,526 Industrial loans 239 13 1,007 42 1,301 U. S. Government securities 420,200 1,919,375 13,813,5^1 6,307,260 1,035,304 1.414.857 24,910,537 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE l6, 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 Total Boston 20,377,102 1021,113 864,164 52,024 21,241,266 1073,137 364,051 135,526 1,301 23,329 9,710 2,189,175 6,599,791 13,029,021 120,795 364,163 718,915 New York Phila. Cleve. Rich. 5,483,059 1278,326 1708,054 988,112 Atlanta Chicago St.Louis 815,779 487,831 843,874 147,689 48,301 25,070 40,591 5,656,226 1335,997 1786,755 1060,803 1009,101 3848,268 864,080 512,901 884,465 173,167 70,617 21,865 —— 57,671 22,786 7,565 1,196 78,701 37,068 7,670 —— 72,691 18,920 11,120 —— 952,837 3700,579 Mpls. Kans.Cy. 56,264 34,423 7,779 —— 61,376 20,165 — 21,936 10,945 —— 9,178 10,727 5,253 21,635 105 — 713,217 2384,321 29,589 82,4o6 742,806 2466,727 14,521 7,539 39,170 4,280 94,449 284,742 562,124 86,022 239,360 259,332 721,608 511,962 1424,567 24,910,537 1374,514 559,185 133,229 187,627 128,938 111,497 382,707 91,606 1,685,798 401,650 565,648 388,715 336,133 1153,763 276,168 3,328,029 792,921 1116,679 767,383 663,582 2277,707 545,199 f uy , ^ ju iuu^uu cup,up j 6,362,948 1516,006 2135,007 1467,181 1268,719 4354,810 1042,381 611,728 1074,740 978,835 2723,668 Total U. S. Government securities - 24,910,537 1374,514 6,362,948 1516,006 2135,007 1467,181 1268,719 4354,810 1042,381 611,728 1074,740 978,835 2723,668 Total loans and securities 25,047,364 1384,224 6,384,813 1524,767 2142,677 1478,301 1276,498 4374,975 1053,326 617,086 1096,375 986,374 2727,948 1 9,306 233,396 2,457 3,717 1 2 8,010 15,857 202,475 517,429 571 7,918 8^546 4rl4l_ Total Held under repurchase agreement Due from foreign banks F.R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 1 147,367 3,823 4,916,221j 348,932 53,613 6,064 78,279 4,095 1/6 2 27,453 10,172 934,648 ,318,450 7,578 5,046 18,779 4,4i6 2 9,201 462,830 5/124 6,891 1 13,593 369,087 4,622 4,589 1 18,582 326,005 3,964 4,633 3 1 17,847 8,135 856,427v 206,401 6,386 2,871 13,188 3,433 53,760 162,071 319,953 Dallas SanFran. l 5,388 l40,l4l 1,012 1,851 51,848,183 2843,605 13,100,120 3221,636 4450,548 2949,916 2673,207 9178,470 2160,183 1287,558 2240,444 1958,899 5783,597 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE l6, 19^4 (in thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston Federal Reserve notes 25,485,211 1579,205 Deposits: Member bank-reserve accts. 19,913,805 811,931 U.S.Treasurer-general acct.. 459,305 31,565 Foreign 542,935 32,873 Other _._198,J)6.5, 6,051 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Lai la. a SauF ran. 5,697,637 1818,366 2359,719 1711,472 1362,319 4922,838 1139,789 624,808 992,216 715,799 2561,043 6,046,142 76,326 1/160,297 117.787 930,346 1513,345 820,074 912,658 3217,527 742,738 455,505 965,956 966,759 2530,824 20,351 29,840 25,109 38,857 89,702 13,748 41,864 32,992 21,169 37,782 39,879 49,579 27,484 23,173 74,907 20,478 13,473 20,478 25,328 54,986 10.732 9.462 891. 4.221 6.894 3.899 2JA9, 1.092 470 34.917 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 21,114,610 882,420 6,400,552 1001,308 1602,226 874,816 4,119,515 312,819 685,305 319,476 385,649 303,776 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,739,323 2775,619 12,789,437 3140,223 4349,576 2890,959 2622,700 9021,870 2115,856 1258,243 2196,632 1907,692 5670,516 272,029 14,684 83,425 18,476 26,038 12,097 11,769 35,857 9,388 6,070 10,456 13,583 30,186 625,013 38,779 176,633 45,909 28,146 57,648 31,750 28,034 90,792 25,465 16,219 23,456 62,182 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 __ 184,275 11.512 43.306 12.539 16.280 11.761 9.942 28.522 8.953 5.953 8.763 8.171 .18.573 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 19.987 1,175 5,943 1.073 1.982 975,579 3386,357 783,858 511,934 1023,325 1013,726 2658,509 283,837 709,568 191,541 120,867 180,368 177,190 449,119 895 965 3.107 668 634 723 977 1.845 51,848,183 2843,605 13,100,120 3221,636 4450,548 2949,916 2673,207 9178,470 2160,183 1287,558 2240,444 1958,899 5783,597 16,377 2,345 1,000 2/ 4,733 1,214 568 1,509 747 836 45 705 120 2,280 22 623 410 623 843 771 1,673 FEDERAL RESERVE A'GENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes; Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,530,993 1629,601 5,905,812 1914,402 2474,217 1816,963 1450,750 5015,951 1187,631 11,043,000 640,000 2,670,000 800,000 950,000 54,948 7,270 4,605 16.945.000 1200.000 3.600.000 1200.000 1550.000 28,042,948 1847,270 6,270,000 2004,605 2500,000 640,544 1024,375 756,192 2714,555 625,000 485,000 2400,000 355,000 175,000 280,000 283,000 1380,000 9,080 20,115 200 9,425 4,253 1300.000 1000.000 2700.000 950.000 500.000 800.000 525.000 1620.000 1934,080 1485,000 5100,000 1314,425 679,253 1100,115 808,000 3000,200 l/ After deducting $382,619,000 participations of other Federal Reserve Banks. 2/ After deducting $11,644,000 participations of other Federal Reserve Banks.
@FedFRASER