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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release June 30, 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 for the week ending June 29 decreased $345 million to $18,653 million. The principal changes reducing reserves were a decrease of $24.0 million in Reserve Bank credit and increases of $110 million in Treasury deposits with Federal Reserve Banks and $17 million in Foreign deposits with Federal Reserve Banks. The principal offsetting change was a decrease of $14 million in Money in circulation. Estimated average excess reserves of member banks for the week decreased $215 million to $494 million. The decrease of $240 million in average Reserve Bank credit for the week resulted principally from decreases of $348 million in Float and $11 million in Other loans, discounts, and advances, and an increase of $119 million in Member bank borrowings. As of Wednesday, June 29, Member bank borrowings were $329 million higher than a week earlier. 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 advances-Member 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 reserve balances-Required reserves (estimated) Excess reserves (estimated) Weekly Averages of Daily Figures Change from Week Ending Week Ending June 29, 1955 June 22, 1955 June 30, 1954 (In m:illions of dollars) 23,554 ~ ~ - 16 + 1 402 54 789 24,815 21,677 5,001 51,492 +119 - 11 -348 -24o + 1 30,021 8l4 323 425 275 - 14 - 4 +110 - - -241 -1,426 - 133 + 16 + 264 + 34 + 159 -1,086 - 249 + 45 -1,291 + + 208 2 - 687 32,839 +105 - 154 - 109 15 - 756 18,653 18,159 494 -345 -130 -215 - 535 - 190 - 345 981 +17 - 3 - — 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: Gold stock 21,677 Treasury cash holdings 818 Treasury currency outstanding 5,000 Member bank) - Required (est.) 18,162 Money in circulation 30,128 reserves ) - Excess (est.) 433 On June 29, 1955, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,321 million, a decrease of $18 million for the week and an increase of $421 million from the comparable date a year ago. 8.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since June 22, June 30, 1955 1954 June 29, 1955 ASSETS 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. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,156,100 837,567 20,993,657 176,087 342,850 721,951 472 16,482 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 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 - 26,379 4,392 + 328,715 78 + 1,539 + - 23,839 244,840 31,769 15,495 + 16,482 + 685,206 760 832,450 8,273,775 11,645,837 2,801,750 23,553,812 -1,483,625 +1,673,984 -1,383,184 23,553,612 -1,483,625 - 290,800 -1,483,625 24,292,717 + 330,176 - 782,697 4,392,998 57,146 139,964 50,395,451 - 686,470 + 205 - + + + 596,163 3,595 47,825 25,780,417 + 109,165 + 192,285 18,594,588 344,389 407,139 407,944 19,754,060 3,683,622 20,832 49,230,931 + 434,866 245,958 + + - 162,040 37,800 459,731 327 388,039 - 416,734 - 530,479 - 137,932 + 31,413 -1,053,732 + 453,791 22 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 - 221,001 + - 5,554 383,222 10,932 + 8,202 399,454 210 + + 22,296 35,888 4,607 383,222 - 22,410 294,612 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + - 363,680 - 660,901 27,543 173,464 50,395,451 - 46,1% .1# 26,206 442 14 3,569 - 363,680 .3# + + 12,697 1,173 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JUNE 29. 1955 (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 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 662,549 45,992 13,410 -- 721,951 Industrial loans 25 147 157 143 Acceptances 5,695 10,787 "E72" i6,482 U. S. Government securities 228,900 6,357,249 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 29, 1955 (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 F.R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances— Bought outright XL S, Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Total U. S» Government securities Total Boston TOTAL ASSETS Phila, Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SacFran. 20,156,100 957,607 5,832,553 1216,596 1705,855 1130,027 787,625 3521,810 766,444 348,328 793,547 727,563 2368,145 837,567 50,687 20,993,667 1008,294 176,087 342,850 721,951 472 5,911 23,097 21,245 172.350 55,427 72,819 6,004,903 1272,023 1778,674 33,224 55,293 105,763 16,482 16,482 832,450 8,273,775 11,645,837 45,971 211,563 456,911 2,102,739 643,130 2,959,731 jxujvyi 5,606 20,668 29,898 388 68,401 149,793 45,912 24,175 4o,8o6 27.879 77,966 1198,428 838,977 3671,603 812,356 372,503 834,353 755,442 2446,111 9,128 9,041 41,070 14,897 66,678 49,090 50,665 71,543 503,558 711,073 49,042 487,442 708,789 1000,878 686,103 x. i v * 51,352 t-TWji \ S 48,644 30,183 17,514 6,962 59,949 20,514 22,727 60,968 201,415 42,969 145,202 34,545 427,076 1443,170 343,345 601,135 2031,348 483,279 *rw 9 f Vi. 4,266 9,451 54,018 84 5,623 14,519 32,690 8,496 17,719 5,466 21,672 35,490 71,993 20,173 36,203 33,380 91,194 200,497 359,827 331,762 906,375 282,214 506,477 466,975 1275,778 u( , u**u 570,779 1024,355 944,461 2580,273 23,553,812 1300,736 5,986,084 1433,532 2024,285 1387,649 1215,801 4108,421 977,436 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 securities 24,292,717 1321,981 Due from foreign banks Uncollected cash items Bank premises Other assets New York 22 4,392,998 57,146 139,964 50,395,451 1 352,754 5,797 7,230 6,108,329 1463,818 2090,963 1436,739 1276,769 4309,836 1000,163 624,881 1057,045 949,927 2652,266 1/ 6 834,750 7,125 33,966 2 296,913 5,184 7,994 2 485,398 5,366 12,044 1 329,360 4,557 8,353 1 3 303,578 682,502 4,229 6,182 7,809 25.466 1 170,953 2,805 6,056 1 114,381 1,242 3,293 1 191,037 3,195 6,028 1 218,006 1,557 6.860 2 413,366 9,907 14,865 2725,065 13,077,596 3072,208 4422,645 3001,376 2510,190 8773,055 2019,810 1130,018 2111,801 1958,008 55^3,679 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 29, 1955 (In thousands of dollars) E.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 25,780,417 1593,673 5,795,863 1802,302 2372,423 1856,905 1303,061 5005,380 1159,106 558,616 1028,708 710,016 2594,364 Depos its: Member bank-reserve accts. 18,594,588 721,156 5,525,041 887,161 1470,592 769,362 859,579 2970,925 648,095 428,107 865,918 973,370 2475,282 U.S.Treasurer-general acct. 344,389 587 337,469 475 540 566 505 542 587 542 546 556 1,474 Foreign Other 407-139 407,944 23,820 1,473 1/126,038 334,230 28,981 9,523 36,127 5,675 19,850 1,4?6 17,071 1,102 55,580 1,039 15,086 7,543 9,925 1,118 15,086 3,073 18,659 1,199 40,916 40,493 Total deposits 19,754,C60 747,036 6,322,778 926,l4o 1512,934 791,254 878,257 3028,086 671,311 439,692 884,623 993,784 2558,165 Deferred avail, cash items 3,683,622 313,653 628,655 259,042 430,412 291,024 274,952 572,452 142,712 100,543 152,04l 198,551 319,585 Other liabilities and accrued dividends TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 20,832 1,187 5,882 1,084 2,298 1,050 1,023 3,045 728 595 763 1,111 2,066 49,238,931 2655,549 12,753,178 2988,568 4318,067 2940,233 2457,293 8608,963 1973,857 1099,446 2066,135 1903,462 5474,180 294,612 15,328 88,8o4 19,455 28,011 13,302 13,206 39,263 10,311 6,702 11,368 15,478 33,384 29,985 66,724 660,901 40,309 188,070 47,773 60,222 33,480 29,480 96,566 26,619 16,918 24,755 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 173,464 10,868 40,225 -11,923 15,339 11,012 9,449 26,834 8,502 5,879 8,4o6 7,776 17,251 50,395,451 2725,065 13,077,596 3072,208 4422,645 3001,376 2510,190 8773,055 2019,810 1130,018 2111,801 1958,008 5593,679 26,206 3,569 1,572 -- 2/ 7,656 — 1,913 407 2,384 627 1,310 11 1,127 90 3,668 14 995 -- 655 -- 995 2,420 1,232 2,699 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. 3. Govt, securities Total collateral 26,607,218 1630,330 5,959,245 1862,581 2472,153 1907,384 1360,819 5104,629 1204,651 595,455 1055,249 753,134 2701,588 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 1380,00C 194,521 18,045 — 26,005 -46,423 — — 20,700 52,685 30,663 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 l620,00C 28,357,521 1858,045 6,270,000 2026,005 2550,000 2021,423 1500,000 5200,000 1285,700 727,685 1110,663 808,000 3000,00C 1/ After deducting $281,076,000 participations of other Federal Reserve Banks. 2/ After deducting $18,550,000 participations of other Federal Reserve Banks.
@FedFRASER