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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release June 28, 1956 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 reserves for the week ending June 27 decreased $86 million to $19,030 million. Estimated required reserves decreased $65 million; and estimated excess reserves decreased $21 million to $585 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $171 million, compared with $158 million the week before. The principal changes reducing reserves were decreases of $138 million in Federal Reserve float and $14 million in Federal Reserve holdings of U. S. Government securities, and an increase of $35 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $56 million in money in circulation, $34 million in foreign deposits with Federal Reserve Banks, and $27 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $158 million. As of Wednesday, June 27, U. S. Government securities held under repurchase agreement were $30 million higher than a week earlier and member bank borrowings were $214 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought outright--System account Held under repurchase agreement Acceptances—bought outright Loans, discounts, and advancesMember bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding 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) Member bank reserves-Required reserves (estimated) Excess reserves (estimated) Weekly averages of daily figures Change from week ending Week ending June 27. 1956 June 20, 19561 June 29 , 1955 (In million of dollars) 23,452 26 17 - 40 + 26 + 1 -102 + 26 + 1 756 1 1,369 25,621 21,799 5,033 52,452 - +354 - 53 8 - — - -138 +580 +806 + +122 + 32 +960 -158 1 - - -158 30,485 - 56 570 297 290 1,000 33 >22" + + + - 781 19,030 18,445 585 7 35 34 27 2 72 +464 - 33 +247 -128 + 15 + 19 +583 - 86 - 65 - 21 +377 +281 + 96 For Wednesday Federal Reserve figures see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED - attached. Latest Wednesday figures for other items appearing above are, in millions of dollars: Treasury cash holdings 7@5 Gold stock 21,799 Member bank) - Required (est.) l8,4l4 Treasury currency outstanding 5,032 reserves ) - Excess (est.) 146 Money in circulation 30,530 On June 27, 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,702 million, a decrease of $27 million for the week and an increase of $381 million from comparable date a year aga H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since June 29, June 20, 1955 1956 June 27, 1956 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances--bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 850 20,269,389 839,331 21,108,720 266,631 349,653 537,366 922 16,553 + + L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES + 9,282 6,803 + 214,212 46 1,432 - 184,585 450 + 71 + 229,180 -2,491,924 —- - - + + 29,900 29,900 - 182,834 24,076,373 22 5,032,780 67,725 213,714 51,115,618 -1,402,217 + 176 + 8,659 -1,599,856 26,208,485 + 18,559,565 575,507 293,440 290.114 19,718,626 23,598 49,856,927 - 373,001 - 170,819 32,083 + 6,987 - 568,916 -1,074,722 + 977 -1,608,211 315.611 139 + - ~ 62,180 29,900 32,280 216,344 -- 34,450 693.612 27,543 221,925 51,115,618 §416 L. 599,856 46.0$ .6f 45,356 2,577. 185 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + +2 ,658,924 3,906,218 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 1,764 115,053 90,544 + __ 603,270 10,932,699 9,153,913 2,801,750 23,491,632 29,900 23,521,532 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 113,289 + 1,736 2,586 11,772 49 + . + + + 639,782 10,579 73,750 720,167 + 428,068 - 35,023 - 113,699 117,830 35,434 + + 2,766 617,996 + + 20,999 32,711 + 231,118 + 222,596 +_ 48,461 + 720,167 19,150 992 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 27, 1956 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Within 15 days 16 days to gO 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 526,888 10,478 537,366 Industrial loans 63 80 428 351 922 Acceptances 5,200 11,353 157553 U. S. Government securities 133,600 7,939,635 11,932,699 1,087,127 1,013,614 1.414,857 23,521,532 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK Qff JOTS 2?,, 1956 H.4.1(b) Cleveland Philadelphia New York 20,269,389 891,790 5,359,034 1151,984 1849,250 1257,903 839.331 50.409 San Francisco St, Louis Minneapolis Kansas City Dallas 840,720 333,094 808,744 696,735 2454,757 155.245 43.073 23.320 40.593 25.985 72,702 932,180 3899,640 883,793 356,414 849,337 722,720 2527,459 Richmond Atlanta Boston Total Chicago A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 178.446 60.089 74.804 63.468 51.197 21,108,720 942,199 F.R. notes of other Banks Other cash 266,631 349,653 10,487 25,673 51,187 79,040 22,255 18,249 13,614 34,413 18,304 17,351 54,318 28,384 25,567 43,852 12,080 24,535 8,665 7,664 11,260 13,474 29,016 8,548 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 537,366 22,466 86,955 30,362 570 32,460 53,422 29,300 143,010 5,530 50,416 52 50,225 12,770 20,450 31,020 105,253 37,143 52,179 36,251 151,829 562,148 1907,450 2,751,520 656,957 945,602 673,115 2,303,839 550,068 791,749 563,597 470,685 1597,102 705.119 168.360 242.3% 172.501 l44.06l 488.827 5,912,327 1411,636 2031,862 1446,356 1207,916 4098,632 25,187 456,440 13,627 26,139 246,937 473,714 206,759 396,639 61.283 121.400 530,606 1017,892 23,976 434,509 363,813 111.353 933,651 67,507 1223,380 1024,332 313.518 2628,737 922 300 33,159 10,932,699 600,927 9,153,913 503,154 2.801.750 154.001 23,491,632 1291,241 23,521,532 1291,241 Total loans & securities 24,076,373 TOTAL ASSETS 1/ After deducting 22 5,032,780 67,725 213.714 43,696 382,176 116,973 980,776 29.900 29.900 Total U. S. Govt, sees. Due from foreign banks Uncollected cash items Bank premises Other assets 14,652 16,553 16,553 603,270 5,537,480 1212,073 1924,054 1321,371 880,983 3744,395 5,942,227 1411.636 2031.862 1446.356 I20?v9l6 4098v632 980,776—530,606 1017;892—933,6^1—2628,73%, 1314,007 6,045,735 1442,568 2064,322 1499,778 1237,216 4241,642 986,306 581,074 1068,117 946,421 2649,187 1 481,288 5,449 11.354 l/ 6 957:557 8,441 2 2 1 318,289 510,364 376,100 4,916 6,988 6,636 52.006 12.^61 18.248 12.952 51,115,618 2790,458 12,731,452 3030,715 4572,005 $16,000 participations of other Federal Reserve Banks. 3252,493 1 333,671 4,010 11.708 2601,488 3 1 117,580 1 220,048 1 250,801 4.717 9.091 9.888 2 486,390 10,864 23.919 2105,672 1081,165 2169,602 1960,546 5770,533 1 794,001 186,691 5,988 3,594 38,796 8,672 9049,489 4,166 4,084 2,589 5.4.1(c) Total STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 27, 195& (In thousands of dollars) St. ClevePhi la Richmond Atlanta Chicago New York Boston Louis land delphia Minneapolis Kansas City Dallas San Francisco L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S.Treas.-gen. acct. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 26,208,485 18,559,565 575,507 293,440 290,114 1588,948 5,989,189 1755,256 2459,308 1988,929 1302,452 5062,645 1178,518 515,747 1036,279 690,903 2640,311 746,883 42,425 16,756 5,365,006 862,699 1484,955 814,896 890,904 3067,486 672,225 403,756 869,330 915,540 2465,885 53,236 102,710 42,071 43,905 43,197 41,463 91,041 31,571 21,730 30,388 31,770 20,448 25,844 14,484 12,496 39,760 10,047 886 1,679 1,207 973 935,265 1555,590 ti74,256 946,070 3199,260 10,792 7,489 722,077 7,100 548 433,134 10,792 1,460 911,970 14,484 1,050 962,044 29,845 38,432 2587,398 249,887 154,982 99,174 170,341 243,497 406,128 1,444 6,929 1,133 2,456 1,124 1,0603,660 866 626 881 1,144 23,598 4 9 , 8 5 6 , 9 2 7 2715^948 12,384^912 2941^541 4458/935 3185^604 2543^333 8867^559 2056,443 1048,681 2119,471 1 8 9 8 , 3 8 8 2,275 5636^112 1/ 90,639 223,485 2,858 19,710,62b 808,922 5,781,040 3,906,218 316,634 606,954 441,581 321,295 293,751 601,994 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Wonting, liab, on acceptances purchased for foreign correspondents Industrial loan commit. 315.611 693.612 27,543 221,925 51,115,618 45,356 2,577 16,365 41,667 3,011 13,467 91,430 20,056 49,491 62,563 30,008 14,505 7,319 51,964 4,489 15,138 1,006 19,493 3,349 14,023 195,827 35,012 42,171 101,894 1,429 36,436 10,812 27,649 521 10,247 7,019 12,633 17,586 25,960 1,073 1,137 10,401 6,806 17,285 33,847 1,307 9,719 38,694 71,275 2,l4o 22,312 2790,458 12,731,452 3030,715 4572,005 3252,493 2601,488 9049,489 2105,672 1081,165 2169,602 1960,546 5770,533 2,679 6,356 1,725 2,315 1,998 4,132 108 240 FEDERAL RESERVE AGENTS' ACCOUNTS 6,195,922 1827,281 2544,286"2039,181 1363,874 5162,946 1235,099 2/ 12,940 3,269 101 ?. R. notes outstanding 27,123,226 1617,686 Zollat. for F. R. notes: Gold certificate acct. ll,538,OOC 640,000 2,870,000 650,000 1070,000 845,000 30,362 Eligible paper 86,117 1200,000 3,600,000 1200,000 1500,000 1250,000 U. S. Govt, securities l6,935,00C 1840,000 6,470,000 1880,362 2570,000 2095,000 28,559,117 Total collateral t/ After deducting $202,776,000participations of other Federal Reserve Banks. 2/ After deducting $32,416,000 participations of other Federal Reserve Banks. 14,633 30,841 762 11,919 1,725 2,315 4,767 561,393 1070,701 731,494 2773,203 1,135 2,128 500,000 2300,000 450,000 150,000 280,000 283,000 1500,000 5,530 — 50,225 1000,000 3000,000 900,000 460,000 800,000 525,000 .1500,000 1500,000 5300,000 1355,530 610,000 1130,225 808,000 3000,000
@FedFRASER