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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 Revised (For Immediate Release) June 24, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 23, Member bank reserves decreased $89 m i l l i o n . The p r i n c i p a l changes reducing reserves were increases of $7bl million in Treasury deposits with Federal Reserve Banks and $140 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 an increase of $749 million in Reserve Bank c r e d i t and a decrease of $68 million in Money in c i r c u l a t i o n . The increase of $749 million in Reserve Bank c r e d i t r e s u l t e d from increases of $473 million in Loans. discounts and advances, $229 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 $92 million in U. S. Government s e c u r i t i e s held under repurchase agreement, and a decrease of $46 million in Float, Holdings of U. S. Government s e c u r i t i e s bought o u t r i g h t r e f l e c t e d an increase of $229 million in b i l l s . Estimated required reserves r e f l e c t the lower reserve requirements on time deposits of country banks, announced during the week, which were made e f f e c t i v e as of June 16 and which reduced required reserves approximately $182 million. Member Bank Reserves and Related Items June 23, 1954 June 16, 1954 June 24 1953 (In millions of d o l l a r s ) 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 Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 25,139 92 610 751 26,593 21,926 4,955 +229 + 92 +473 - 46 + 302 + 92 + 290 + 132 + 1 - 1 + io4 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) 29,735 812 1,220 544 339 999 + 2 +761 + 1 +140 + 2 - 68 - 194 - 460 +1,212 71 + 181 + 39 Member bank reserves 19,825 - 89 - 18,784 1,041 + 52 * -141 * - 810 + 462 Required reserves (estimated) Excess reserves (estimated) Daily averages f o r p e r i o d - Estimated excess reserves of member banks Member bank borrowings a t F. R. Banks 903 178 +749 81 * 61 + 817 - 561 - 348 251 103 * Last week's f i g u r e s revised to $18,925 million, $989 m i l l i o n , and $984 million, respectively, to r e f l e c t the $182 million reduction in reserve requirements on time deposits of country banks e f f e c t i v e as of June l 6 . U. S. Government s e c u r i t i e s held in custody by the Federal Reserve Banks f o r foreign account were $2,951 million, a decrease of $5 million f o r the week and an increase of $474 million from the comparable date a year ago. HA.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) Change since June 2k, June 16, 1954 1953 June 23# 20,377,102 861.L06 21,238,508 366,136 609,158 1,245 + 228,900 +1, - + + + Si <r\ H 2,418,075 — , 2,758 2,758 2,085 473,632 56 145,001 70.777 74,224 4- 40,142 + 292,604 1,784 — to 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 Other cash Discounts and advances I n d u s t r i a l loans U. S. Government s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates: Special Other Notes Bonds Total bought o u t r i g h t Held under repurchase agreement Total U. S. Government s e c u r i t i e s Total loans and s e c u r i t i e s Due from f o r e i g n banks F. R. notes of other banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 296,000 +1,604,075 744,650 -1-L.29.a25 4- 302,321 + 93,ooo 4* 394,321 mm 6,599,791 13,029,021 3.092.550 25,139,437 92.000 25.231.437 "25,841,840 22 146,890 4,537,310 53,665 85.426 52,269,797 —— 228,900 92.000 4- 320.900 4- 794,476 + + — - + + + 477 378,911 52 7,147 421,614 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 25,417,732 - 19,824,681 1,220,277 544,059 339.205 21,928,222 3,786,097 22.986 51,155,037 — + 89,124 760,972 1,124 '140.640 813,612 333,418 2,999 415,714 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 272,148 625,013 27,543 190.056 52,269,797 + 119 + 5,781 421,614 44.9% — .1% 15,244 2,397 — 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 67,479 4- + + + + — — + 4- . 1,133 52 + 685,141 1 4,289 4* 156,443 + 3,746 — 4.286 4- 802,672 — - 234,490 • 347,861 +1,211,968 70,727 4* 181,680 4* 975,060 4- 24,203 1.423 4- 763,350 44- 12,731 40,337 13.746 4- 802,672 •*. — .8$ 13,144 988 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 23, 195% ( S e c u r i t i e s held under repurchase agreement are c l a s s i f i e d 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 584,235 24,764 159 """m 609,158 Industrial loans 230 14 959 42 1,245 U. S. Government securities 557,950 2,943,350 12,972,716 6,307,260 1,035,304 1,414,857 25,231,437 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 23, 195% (In thousands of dollars) HA. 1(b) Total 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 Boston 20,377,102 1039,983 86,1,406 5M21 21,238,508 1091,874 New York Phila. Cleve. Rich. Atlanta 5,493,546 1273,683 1821,608 1073,372 172,655 57,401 78,5a Chicago St.Louis Mpls. Kans.Cy. 901,834 3627,705 789,628 462,489 71.624 56.147 147.486 5,666,201 1331,084 1900,129 1144,996 48.241 25.050 813,316 40.551 957,981 3775,191 837,869 487,539 853,867 Dallas SanFran. 788,799 2291,139 29.550 82.289 818,349 2373,428 Other cash Discounts and advances I n d u s t r i a l loans U. S. Govt, s e c u r i t i e s : Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement — Total U. S. Government securities 25.231.437 1387.144 6.513.417 1529.936 2154.626 1480.662 1280.376 1394.826 1051.960 617.349 1084.616 Total loans and securities 25,841,840 1399,145 6,849,897 1556,427 2192,046 1500,657 1305,480 4506,351 1060,780 621,878 1103,901 991,052 2754,226 Due from f o r e i g n banks F.R. notes of other "banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 366,136 609,158 1,245 2,418,075 6,599,791 13,029,021 3.092.550 " 25,139,437 — 24,608 12,001 — 23,328 25,350 1,141 35,864 37,420 — 18,523 19,995 — 133,425 617,654 147,159 364,163 1,685,798 401,650 718,915 3,328,029 792,921 170.661 789.936 188.206 1387,144 6,421,417 1529,936 207,246 565,648 1116,679 265.053 2154,626 142,419 388,715 767,383 182.145 1480,662 — 22 1 146,890 2,889 4,537,310 388,266 53,665 6,064 85.426 4.569 71,024 336,480 — . 2 1/ 6 24,820 920,933 7,605 20.707 2 ^ 2 35,418 61,177 25,104 111,525 123,154 336,133 663,582 157.507 1280,376 0 2 422,723 1153,763 2277,707 540.633 4394,826 _ 22,256 8,820 9,211 4,425 104 11,418 19,285 — 14,071 3,223 — 39,238 .5,530 — 101,185 59,331 104,325 95,016 264,388 276,168 162,071 284,742 259,332 721,608 545,199 319,953 562,124 511,962 1424,567 129.408 75.944 133.425 121.519 338.133 1051,960 617,349 1084,616 987,829 2748,696 _ _ _ _ 2 2 1 1 3 1 1 1 9,464 8,213 13,782 19,629 17,763 8,868 6,365 8,916 241,836 424,293 369,294 300,247 694,875 168,918 105,548 227,857 5,104 5,116 4,600 3,961 6,386 2,871 1,012 2,457 4.784 7.592 5.020 5.037 14.064 3.753 2.067 4.023 987.829 2748.696 1 2 7,227 18,954 238,887 456,356 571 7,918 4.408 9.402 52,269,797 2917,416 13,561,193 3172,029 4573,255 3056,873 2627,754 9075,810 2105,316 1233,621 2212,440 2074,566 5659,524 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 THE FEDERAL RESERVE BANKS ON JUNE 23, 1954 ( i n 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 Federal Reserve notes 25,417,732 1573,5^0 5,678,853 1812,007 2365,014 1706,979 1355,234 4917,849 Deposits: Member bank-reserve a c c t s . 19,824,681 786,609 6,181,639 915,748 1501,147 807,744 907,268 3194,833 U.S.Treasurer-general acct, 1,220,277 105,867 195,767 101,269 154,102 128,793 35,577 171,905 Foreign 544,059 32,873 1/161,421 39,879 49,579 27,484 23,173 74,907 Other 339,205 4,297 265,022 9,756 8,605 1,620 1,224 3,940 Total deposits 21,928,222 929,646 6,803,849 1066,652 1713,433 965,641 967,242 3445,585 Deferred a v a i l , cash items 3,786,097 344,614 \ 758,546 210,442 391,147 323,977 253,530 551,250 Other l i a b i l i t i e s and accrued dividends 22,986 1,298 7,722 1,172 2,186 1,000 3,408 990 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AH) CAPITAL ACCOUNTS Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents I n d u s t r i a l loan commitments Mpls. Eans.Cy. 1133,700 622,687 Dallas SanFran. 988,789 712,967 2550,113 693,211 447,421 922,564 56,745 24,329 55,054 20,478 13,473 20,478 7,450 _1^204_ 2,391 992,200 2474,297 82,116 108,753 25,328 54,986 357 33,339 777,884 486,427 1000,487 1100,001 2671,375 148,405 94,495 178,299 209,108 322,284 758 559 797 1,071 2,025 51,155,037 2849,098 13,248,970 3090,273 4471,780 2997,597 2576,996 8918,092 2060,747 1204,168 2168,372 2023,147 5545,797 272,148 14,689 83,432 18,477 26,070 12,097 11,778 35,904 9,402 10,464 6.072 13,583 30,180 625,013 38,779 176,633 45,909 57,648 31,750 28.034 90,792 25,465 16,219 23,456 28,146 62,182 27,543 3,011 7,319 4,489 1,006 3,349 '762 1,429 521 1.073 1,137 1,307 2,140 190,056 11,839 44,839 12,881 16,751 12,080 10,184 29,593 9,181 6,089 9.011 8,383 19.225 52,269,797 2917,416 13,561,193 3172,029 4573,255 3056,873 2627,754 9075,810 2105,316 1233,621 2212,440 2074,566 5659,524 15,244 2,397 927 2/4,452 1,125 623 1,398 747 775 45 654 117 2,113 22 578 380 578 843 714 1,550 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding C o l l a t e r a l f o r 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 26,516,305 1633,453 5,882,369 1920,396 2480,811 1812,671 1444,659 5014,711 1181,527 638,314 1018,963 751,681 2736,750 11,043,000 640,000 2,670,000 800,000 950,000 625,000 485,000 2400,000 355,000 175,000 280,000 283,000 1380,000 85,571 11,086 24,240 19,230 8,250 4,050 18,715 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 28,073,571 1851,086 6,270,000 2024,240 2500,000 1944,230 1485,000 5100,000 1313,250 679,050 1098,715 808,000 3000,000 1/ A f t e r deducting $382,619,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 2/ A f t e r deducting $10,792,000 p a r t i c i p a t i o n s of other Federal Reserve Banks.
@FedFRASER