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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM F o r Immediate Release June 23, I95S 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 r e s e r v e b a l a n c e s f o r the week ending June 22 i n c r e a s e d $320 m i l l i o n t o $18,998 m i l l i o n . The p r i n c i p a l changes s u p p l y i n g r e s e r v e s were d e c r e a s e s of $109 m i l l i o n i n Other d e p o s i t s w i t h F e d e r a l Reserve Banks, $91 m i l l i o n i n T r e a s u r y d e p o s i t s w i t h F e d e r a l Reserve Banks, $26 m i l l i o n i n I 6 * 5 ) 1 d e p o s i t s w i t h F e d e r a l Reserve Banks, $23 m i l l i o n i n Money i n c i r c u l a t i o n , and $14 m i l l i o n i n T r e a s u r y cash h o l d i n g s , and an i n c r e a s e of $99 m i l l i o n i n Res e r v e Bank c r e d i t . The p r i n c i p a l o f f s e t t i n g change was an i n c r e a s e of $ 4 l m i l l i o n i n Other F . R. a c c o u n t s ( n e t ) . E s t i m a t e d average excess r e s e r v e s f o r t h e week i n c r e a s e d $122 m i l l i o n t o $709 m i l l i o n . The i n c r e a s e of $99 m i l l i o n i n average Reserve Bank c r e d i t f o r t h e week r e s u l t e d p r i n c i p a l l y from an i n c r e a s e of $344 m i l l i o n i n F l o a t and d e c r e a s e s of $2Cb m i l l i o n i n Member bank borrowings and $34 m i l l i o n i n U. S . Government s e c u r i t i e s bought o u t r i g h t . As of Wednesday, June 22, Member bank borrowings were $430 m i l l i o n lower than a week e a r l i e r . Member Bank R e s e r v e s , Reserve Bank C r e d i t , and R e l a t e d Items Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s - Bought o u t r i g h t — S y s t e m account Held under r e p u r c h a s e agreement Acceptances—Bought o u t r i g h t Loans, d i s c o u n t s , and a d v a n c e s - Member bank borrowings Other Float T o t a l Reserve Bank c r e d i t Gold s t o c k Treasury c u r r e n c y o u t s t a n d i n g Weekly Averages of D a i l y F i g u r e s Week Ending Change from Week Ending June 22, 1955 June 15, 19551 June 23, 1954 ( I n m:L l l i o n s of d o l l a r s ) 23,554 - 34 — - - 15 - 1 -206 - 5 +344 + 99 -1,432 32 + 15 283 65 1,137 25,055 21,676 5,001 51,733 + 99 + 105 + 47 + 217 -1,079 - 250 + 46 -1,282 Money i n c i r c u l a t i o n Treasury c a s h h o l d i n g s Treasury d e p o s i t s w i t h F . R. Banks Foreign d e p o s i t s w i t h F . R. Banks Other d e p o s i t s w i t h F . R. Banks Other F . R. a c c o u n t s ( n e t ) 30,035 818 213 4o8 278 981 32,734 - 23 - 14 - 91 - 26 -109 + 4l -221 + + - 242 12 544 139 18 17 463 Member bank r e s e r v e b a l a n c e s - Required r e s e r v e s ( e s t i m a t e d ) Excess r e s e r v e s ( e s t i m a t e d ) 18,998 18,289 709 +320 +198 +122 - 820 66>9 151 - - - - For Wednesday F e d e r a l Reserve f i g u r e s see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED - a t t a c h e d . L a t e s t Wednesday f i g u r e s f o r o t h e r items a p p e a r i n g above a r e , i n m i l l i o n s of d o l l a r s : Gold s t o c k 21,677 T r e a s u r y cash h o l d i n g s 820 Treasury currency outstanding 5,001 Member bank) - Required ( e s t . ) 18,264 Money i n c i r c u l a t i o n 29,983 r e s e r v e s ) - Excess (est.) 765 On June 22, 1955, U. S . Government s e c u r i t i e s h e l d i n c u s t o d y by t h e Fede r a l Reserve Banks f o r f o r e i g n account were $3,339 m i l l i o n , an i n c r e a s e of $15 m i l l i o n f o r t h e week and an i n c r e a s e of $388 m i l l i o n f r o m t h e comparable d a t e 1 year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) Change s i n c e June 15, June 23, 1954 1955 June 22, 1955 A S S E T S Gold c e r t i f i c a t e s Redemption f u n d f o r F . R. n o t e s T o t a l gold c e r t i f i c a t e r e s e r v e s F . R. n o t e s of o t h e r Banks Other c a s h D i s c o u n t s and advances I n d u s t r i a l loans Acceptances--Bought o u t r i g h t U. S. Government s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates Notes Bonds T o t a l bought o u t r i g h t Held under r e p u r c h a s e agreement T o t a l 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 ~,5^5,625 23,553^812 -1,677,625 T o t a l l o a n s and s e c u r i t i e s Due from f o r e i g n banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 23,962,541 22 5,079,468 56,941 134,410 50,778,673 20,156,102 839,481 20,995,583 202,466 347,242 393,236 550 14,943 L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member b a n k - - r e s e r v e a c c o u n t s U. S. T r e a s u r e r — g e n e r a l a c c o u n t Foreign Other Total deposits D e f e r r e d a v a i l a b i l i t y c a s h items Other l i a b i l i t i e s and a c c r u e d d i v i d e n d s TOTAL LIABILITIES C A P I T A L ACCOUNTS Capital paid in S u r p l u s ( S e c t i o n 7) Surplus ( S e c t i o n 13b) Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS 3,711 - + + + - 2,289 13,742 7,160 443,441 3 1,450 221,000 21,925 242,925 55,576 - 215,922 695 14,943 + 18,894 +1,673,984 -1,383,184 - 290,800 92,000 - 444,894 -1,879,299 - 64,448 30 , 6,915 479,266 + 542,158 + 3,276 + 48,984 -1,491,124 39,358 + 253,520 57,315 260,008 17,046 16,999 317,276 - 795,227 -1,121,846 + - + - - 128,963 + 1,326 - 484 271 294,402 194 27,543 168,857 50,77^,673 4,8ii 479,266 660,901 R a t i o of gold c e r t i f i c a t e r e s e r v e s to. d e p o s i t and F. R. n o t e l i a b i l i t i e s combined C o n t i n g e n t l i a b i l i t y on a c c e p t a n c e s purchased for foreign correspondents I n d u s t r i a l l o a n commitments + -1,585,625 25,671,252 19,029,454 98,431 418,071 245,904 19,791,860 4,143,353 20,505 49,626,970 6,000 + 46.2?I 26,648 , 1,555 143 - - 125,988 93,301 -2,136,362 + 357,256 2,48l -1,520,067 + + 22,254 35,888 21,199 -1,491,124 + 1,356 + + 11,404 1.158 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 22, 1955 (Acceptances and s e c u r i t i e s h e l d under r e p u r c h a s e agreement a r e c l a s s i f i e d a s maturing w i t h i n 15 days i n accordance w i t h maximum m a t u r i t y of t h e a g r e e m e n t s . ) Within 15 days 16 days t o 90 days 91 days t o 1 y e a r Over 1 y e a r t o 5 y e a r s Over 5 y e a r s t o 10 y e a r s Over 10 y e a r s Total D i s c o u n t s and advances 334,600 31,963 26,673 Industrial loans 393,236 550 267 95 45 143 Acceptances 5,919 9,024 14,943 U. S. Government securities 248,950 6,337,199 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 22, 1955 ( I n thousands of d o l l a r s ) H.U.l(b) A S S E T S Gold c e r t i f i c a t e s Redemption f u n d f o r F . R. n o t e s T o t a l gold c e r t i f i c a t e reserves F.R. n o t e s of o t h e r Banks Other cash Discounts and advances I n d u s t r i a l loans Acceptances-Bought o u t r i g h t U. S. Govt, s e c u r i t i e s : Bought o u t r i g h t — Bills Certificates Notes Bonds Total field under r e p u r c h a s e agreement T o t a l U. S. Government securities T o t a l loans and s e c u r i t i e s Total Boston 20,156,102 1030,996 839,481 50,773 20,995,583 1081,769 202,466 347,242 393,236 550 14,943 832,450 8,273,775 11,645,837 2,801,750 00 CC1 ftio 8,114 24,761 8,190 - - 45,971 456,911 643,130 154,724 New York Phi l a . Cleve. Rich. 5,464,772 1205,441 1769,457 1151,265 172.792 55,58? 72,969 69,020 5,637,564 1261,026 1842,426 1220,285 43,467 60,530 28,843 14,943 211,563 2,102,739 2,959,731 9,091 17,805 22,698 466 7,950 35,614 17,003 " 50,665 71,543 503,558 711,073 708,789 1000,878 170,520 240,791 Atlanta 816,037 3651,926 Mpls. Kans.Cy. 794,032 350,803 797,263 149.935 45,951 24,191 40,844 867,484 3801,861 839,983 374,994 838,107 8,274 20,896 8,626 3,808 9,983 42,843 84 6,681 14,802 61,083 51,447 9,935 16,705 24,197 52,568 32,235 32,593 - - - — 49,042 487,442 686,103 165,062 Chicago S t . L o u i s 19,362 58,649 105,510 - - - - D a l l a s SanFran. 703,169 2420,941 27,914 78,060 731,083 2499,001 9,638 16,681 13,457 " 23,578 38,581 28,193 - - 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 36,203 200,497 359,827 282,214 506,477 67,895 121,848 570,779 1024,355 33,380 91,194 331,762 906,375 466,975 1275,778 112,344 306,926 23,553,812 1300,736 5,986,084 1433,532 2024,285 1387,649 1215,801 4108,421 977.436 570,779 1024,355 944,46l 2580.273 23,962,541 1308,926 6,029,870 1456,696 2041,288 1411,846 1248,394 4213,931 986,062 613,706 1085,438 957,918 2608,466 , I12-?1 Due from f o r e i g n banks J n c o l l e c t e d c a s h items Bank premises Dther a s s e t s TOTAL ASSETS 50,778,673 2822,319 12,881,985 3051,275 4419,679 3083,447 2563,046 8893,833 8059,931 1129,084 2213,800 2001,968 5658,306 l / A f t e r deducting $16,OOOparticipations of o t h e r F e d e r a l Reserve Banks. STATEMENT OF CONDITION OB' EACH FEDERAL RESERVE BANK ON JUKE 2 2 , 1955 1.4.1(c) L I A B I L I T I E S ( I n thousands of d o l l a r s ) Total Boston Federal Reserve n o t e s 25,671,252 1573,673 Deposits: Member b a n k - r e s e r v e a c c t s . 19,029,454 812,978 U.S.Treasurer-general a c c t . 98,431 591 Foreign 418,071 24,420 Other 245,904 2,906 Hew York Phila. Cleve. Rich. Atlanta Chicago S t . Louis Mpls. Kane.Cy. D a l l a s SanFran. 5,767,024 1798,858 2369,37? 1839,989 1294,478 5001,135 1156,476 561,902 1025,924 706,012 2576,404 5,584,100 91,580 1/129,890 885,440 1487,509 392 503 29,711 37,037 808,456 510 20,350 891,818 3043,641 516 557 17,501 56,980 665,866 557 15,466 419,003 634 10,175 930,93% 534 15,466 968,483 2531,226 531 1,526 19,129 4l,o46 925,188 1531,057 242,820 412,932 831,298 350,309 911,160 3104,094 303,792 622,223 689,602 167,431 430,151 105,988 948,036 193,657 989,384 2612,828 251,167 348,285 689 587 747 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 19,791,860 4,143,353 840,895 337,220 5,978,167 807,529 20,505 1,159 6,071 TOTAL LIABILITIES Capital paid in S u r p l u s ( S e c t i o n J) Surplus ( S e c t i o n 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,626,970 2752,947 12,558,791 2967,920 4315,478 3022,568 2510,376 8730,694 2014,198 1098,628 2168,364 1947,635 5539,371 294,402 15,333 88,794 19,455 28,011 13,296 13,206 39,206 10,278 6,693 11,343 15,441 33,346 660,901 40,309 188,070 47,773 60,222 33,480 29,480 96,566 26,619 16,918 24,755 29,985 66,724 27,543 3,011 7,319 4,489 1,006 3,3^9 762 1,429 521 1,073 1,137 1,307 2,l4o 168,857 10,719 39,011 11,638 14,962 10,754 9,222 25,938 8,315 5,772 8,201 7,600 16,725 Contingent l i a b i l i t y on a c c e p t a n c e s purchased f o r f o r e i g n correspondents I n d u s t r i a l l o a n commitments 1,054 2,112 972 946 3,242 1,072 1,854 50,778,673 2822,319 12,881,985 3051,275 4419,679 3083,447 2563,046 8893,833 2059,931 1129,084 2213,800 2001,968 5658,306 26,648 3,555 1,602 -- 2 / 7,745 -- 1,9^9 393 2,429 627 1,335 11 1,148 90 3,738 14 1,015 -- 667 -- 1,015 2,420 1,255 2,750 FEDERAL RESERVE AGENTS' ACCOUNTS F . R. n o t e s o u t s t a n d i n g C o l l a t e r a l f o r F.R. n o t e s : 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 26,570,369 1626,576 5,9^6,745 1870,267 2474,302 1897,920 1364,676 5087,588 1201,997 596,757 1053,968 749,222 2700,351 11,108,000 640,000 152,491 4,990 17.055,000 1200,000 28,315,491 1044,990 2,670,000 800,000 1050,000 675,000 500,000 2300,000 355,000 — 18,805 — 21,530 — — 6,600 3,600,000 1200,000 1500,000 1300,000 1000,000 2900,000 910,000 6,270,000 2018,805 2550,000 1996,530 1500,000 5200,000 1271,600 175,000 280,000 41,510 59,056 500,000 800,000 716,510 1139,056 283,000 1380,000 l / A f t e r d e d u c t i n g $288,156,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 2 / A f t e r d e d u c t i n g $18,903,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 525,000 1620,000 808,000 3000,000
@FedFRASER