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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 10, 1955 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 9> Member bank reserves decreased $34 million. The principal changes reducing reserves were a decrease of $99 million in Reserve Bank credit and increases of $ 6 3 million in Foreign deposits with Federal Reserve Banks and $40 million in Money in circulation. The principal offsetting changes were decreases of $89 million in Treasury deposits with Federal Reserve Banks and $ 6 9 million in Other deposits with Federal Reserve Banks. At the end of the week Member bank reserves amounted to $ >521 million of which $455 million were estimated as excess reserves. The decrease of $99 million in Reserve Bank credit resulted from a decrease of $202 million in Float and an increase of $102 million in Loans, discounts and advances. Member Bank Reserves and Related Items Reserve Bank credit: U. S. Government securities-Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding larch 9 , 1955 Change since March 2, March 10, 1954 1955 (In millions of dollars) 23,604 -- 488 621 24,714 +102 -202 - 99 + 1 21,717 4,995 -1,078 + 75 + 78 - 924 246 + + + + 54 7 53 95 71 46 + 78 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) 29,816 827 Member bank reserves 18,521 - 34 -1,119 18,066 -127 + 93 - 726 - 393 + 31 + 164 135 Required reserves (estimated) Excess reserves (estimated) Daily averages for period— Estimated excess reserves of member banks Kernber bank borrowings at F. R. Banks + 4o 500 392 417 - 8 - 89 + 63 - 69 953 - 455 514 371 2 - 12 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,971 million, a decrease of $8 million for the week and an increase of $230 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 March 2, March 10, 1955 1954 March 9, 1955 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 U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,178,104 853,248 21,031,352 205,483 420,292 487,936 475 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 + + 220,997 22,218 243,215 33,751 6,084 76,594 1,185 883,244 9,960,141 9,959,471 2,801,750 23,604,606 -1,077,731 +3,908,950 -3,069,550 - 839,400 -1,077,731 23>604,606 -1,077,731 24,093,017 + 102,484 -1,002,322 3,715,318 55,538 - 607,829 139,600 49,660,622 + + - 57 6,744 527,976 + + 25,588,261 + 2,711 18,521,060 500,138 391,748 416,924 19,629,870 3,093,865 14,435 48,526,431 - 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 4,003 4,518 515 7,547 21,370 102,536 52 + 198,851 2,696 14,443 -1,030,755 - 94,355 - 89,212 33,542 -1,119,268 + - 62,470 69,097 129,381 406,361 142 533,173 + 52,655 95,099 + 70,740 -1,090,972 + 119,923 2,405 -1,067,809 - 293,471 371 660,901 + + 23,722 35,888 27,543 . 152,276 49,660,622 + - 4,826 527,976 46.3% + .1% + .6# 29,001 3,285 + + 919 52 + + 19,629 117 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 22 -1,030 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. MARCH 9, 1955 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Within 15 days l6 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 360,101 6l,lll 66,724 Industrial loans 17 100 286 72 487,936 TW U. S. Government securities 83,950 2,485,660 11,507,398 7,099,127 1,013,614 1,414,%7 23,604,606 STATEMENT CF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 9, 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 U. S. Govt, securities: Bought outright— Bills Certificates Notes X/VLDuLO Total Boston 20,178,104 998,152 853,248 52,960 21,031,352 1051,112 205,483 420,292 487,936 —— O CliO C9oul, Clih. Cleve. Rich. Atlanta 57,562 75,954 70,520 5,710,168 1263,522 1806,644 1225,975 — 48,735 549,581 1l71 181,113 38,254 98,544 64,927 883,244 9,96o,l4l Phila. 5,529,055 1205,960 1730,690 1155,^55 9,073 34,154 20,907 475 ana New York 8,842 16,991 38,117 11,368 45,903 29,257 9,246 18,888 20,608 -• — 382 Chicago St.Louis 863,547 3610,032 836,519 417,751 802,939 142.926 46,796 24,493 39.490 916,762 3752,958 883,315 442,244 842,429 2,6o4 8,745 4,308 11,150 30,417 62,667 53,215 72,495 17,546 7,122 36,219 69,259 21,200 45,142 114,216 15,153 53,752 606,155 75,701 853,653 52,021 586,633 44,984 154,407 507,280 1741,212 O AnA Ac 3 C cm- Til (ju en/C 28.526 79.693 785,265 2350,958 10,227 14,719 7,083 14,398 44,520 39,442 r>\,C 21,690 244,591 38,107 429,720 nrl. #*1.1. r-r*F- 1 . ^ nnc 34,706 96,572 391,374 1089,022 ~ V - 409,790 117,239 60,002 120.079 579,658 1018,397 110,092 306.338 927,519 2580,881 Total U. S. Government securities 23,604,606 1302,455 6,029,372 1436,529 2023,080 1390,264 1202,206 4126,510 987,735 579,658 1018,397 927,519 2580,881 Total loans and securities 24,093,017 1323,362 6,094,299 1475,028 2052,337 1410,872 1247,348 4240,726 1002,888 610,168 1081,064 934,602 2620,323 TOTAL ASSETS 22 I 3,715,318 278,902 SS.SlA 55,538 139,600 S.A6A 5,868 7,272 I 733,673 7.17ft 7,178 34,105 / 6 220,008 < Qnk 5,304 8,050 2 320,911 K 016 5,236 11,827 2 297,284 k liCA 4,458 8,108 142, byb 36,960 416,782 6,029,372 1436,529 2023,060 1390,264 1202,206 4126,510 987,735 Due from foreign banks Uncollected cash items Bank premises Other assets 105, uif 756,739 2271,265 23,604,606 1302,455 Total Held under repurchase agreement Z4v,iju cno Dallas SanFran. 93 225,609 2,544,138 oKA Mpls. Kans.Cy. 1 284,163 1 Aco 3,852 7.733 1 585,984 C ol.c 6^245 25.694 3 1 155,733 n Qoo 2,822 5,992 1 96,894 noti 998 3,296 1 197,062 m aOa 2,980 5.903 1 190,306 1,262 6,471 2 354,398 ^ 9,335 15,149 49,660,622 2709,744 12,716,227 2997,747 4254,228 2974,832 2568,573 8698,415 2079,073 1164,950 2144,897 1942,853 5409,083 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 9, 1955 (in 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 Mpls. Kana.Cy. Dallas SatiFran. Federal Reserve notes 25,588,261 1559,873 5,745,631 1797,423 2356,478 1824,988 1331,901 4961,704 1154,395 571,730 1019,717 721,28? 2543,134 Deposits: Member bank-reserve accts. 18,521,060 770,977 5,555,977 871,933 1428,696 782,089 903,263 2955,059 697,834 431,191 862,938 938,544 2322,559 U.S.Treasurer-general acct. 500,138 67,243 27,224 47,656 34,358 35,115 29,973 63,833 27,881 34,214 37,215 46,703 48,723 Foreign 391,748 22,800 1/122,683 27,740 34,580 19,000 16,340 53,200 14,440 9,500 14,440 17,860 39,165 Other 416,924 2.866 332.130 9,626 6,919 3.001 1.784 2,094 6.371 962 7,671 1,649 41.851 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 19,829,870 831,001 6,078,033 936,523 1517,851 839,205 951,360 3074,186 746,526 475,867 922,264 1004,756 2452,298 TOTAL LIABILITIES Capital paid in Suzplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,526,431 2641,376 12,394,987 2915,464 4151,606 2914,995 2517,173 8538,872 2034,054 1135,319 2100,292 1889,634 5292,659 293,471 15,204 90,996 19,351 27,843 13,127 12,702 38,835 10,195 6,482 11,210 14,972 32,554 660,901 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 3,349 762 1,429 521 1,073 1,137 1,307 2,140 152,276 9,844 34,855 10,670 13,551 9,881 8,456 22,713 7,684 5,158 7,503 6,955 15,006 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 3,093,865 249,761 567,389 180,699 275,634 250,064 233,246 500,383 132,628 87,255 157,767 163,033 296,006 14,435 741 3,934 819 1,643 738 666 2,599 505 467 544 558 1,221 49,660,622 2709,744 12,716,227 2997,747 4254,228 2974,832 2568,573 8698,415 2079,073 1164,950 2144,897 1942,853 5409,083 29,001 1,740 2/8,469 3,285 2,117 358 2,639 598 1,450 35 1,247 99 4,060 15 1,102 725 1,102 2,180 1,363 2,987 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,528,584 1628,870 5,953,463 1860,475 2480,lkl 1878,546 1388,106 5065,080 1208,105 611,807 1042,745 758,711 2652,535 11,208,000 2,670,000 355,000 175,000 280,000 283,000 1380,000 10,720 27,500 58,234 920,000 500,000 800,000 182,161 640,000 13,907 800,000 1050,000 29,600 675,000 500,000 24oo,ooo 14,775 17,065,000 1200,000 3,600,000 1200,000 1500,000 1300,000 1000,000 2900,000 28,455,161 1853,907 6,270,000 2029,600 2550,000 1989,775 1500,000 5300,000 1285,720 702,500 1138,234 1/ After deducting $269,040,000 participations of other Federal Reserve Banks. 2/ After deducting $20,532,000 participations of other Federal Reserve Banks. 27,425 25,000 1620,000 808,000 3027,425
@FedFRASER