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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) March 17, 1955 CONDITION OF THE FEDERAL RESERVE BAMS Member Bank Reserves and Related Items During the week ended March 16, Member bank reserves increased $839 m i l l i o n . The p r i n c i p a l changes supplying reserves were decreases of $315 million i n Treasury deposits with Federal Reserve Banks, $171 m i l l i o n in Other deposits with Federal Reserve Banks, $56 m i l l i o n in Foreign deposits with Federal Reserve Banks, and $15 m i l l i o n in Money i n c i r c u l a t i o n , a n d an increase of $288 m i l l i o n in Reserve Bank c r e d i t . The only o f f s e t t i n g change was an increase of $12 m i l l i o n in Other F. R. accounts ( n e t ) . At the end of the week, Member bank reserves amounted t o $19,360 m i l l i o n of which $1,022 m i l l i o n were estimated as excess r e s e r v e s . The increase of $288 m i l l i o n i n Reserve Bank c r e d i t r e s u l t e d from an increase of $407 m i l l i o n i n Float and a decrease of $119 m i l l i o n in Loans, discounts and advances. Member Bank Reserves and Related 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 Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding March 16, 1955 Change since March 9, March 17, 1955 1954 (In m i l l i o n s of d o l l a r s ) 23,604 369 1,028 25,002 21,717 4,995 - - -119 +407 +288 - -978 +102 +173 -702 -247 + 75 Money i n c i r c u l a t i o n Treasury cash holdings Treasury d e p o s i t s with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net) 29,801 965 + 12 + 55 + 46 Member bank reserves 19,360 +839 -947 18,338 +288 1,022 +551 -886 - 61 619 375 + 90 + 4 -107 +205 Required reserves (estimated) Excess reserves (estimated) Daily averages f o r period— Estimated excess reserves of member banks Member bank borrowings a t F. R. Banks 822 185 336 246 - 15 - 5 -315 - 56 -171 + 32 - l +134 -192 U. S. Government s e c u r i t i e s held i n custody by the Federal Reserve Banks f o r f o r e i g n account were $3,052 m i l l i o n , an increase of $81 m i l l i o n f o r the week and an increase of $325 m i l l i o n from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) Change since "March 9, ' March 17, 1954 1955 March l6, 1955 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 F. R. notes of other Banks 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 outright— Bills Certificates 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 23,604,606 Total loans 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 23,973,999 22 5,927,844 55,997 132,777 51,737,145 +2,212,526 + 459 6,823 +2,076,523 20,183,102 849,720 21,032,622 207,094 406,590 368,695 698 + - + + - + 4,998 3,528 1,470 1,611 13,702 119,241 223 __ 883,244 9,960,141 9,959,471 2,801,750 23,604,606 - - —«» — • —— - 19,360,436 185,245 336,366 245,617 20,127,664 4,899,638 14,767 50,598,466 839,376 314,893 55,382 171,307 + 297,794 +1,805,773 + 332 +2,072,035 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 293,586 660,901 27,543 156,649 51,737,145 + 29,031 3,180 - + - . 977,731 +3,908,950 -3,069,550 839,400 977,731 - 977,731 875,190 —- 25,556,397 46.0# - + 119,018 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 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 215,999 23,319 239,318 47,242 22,903 103,382 841 • 31,864 * — + + - 13,841 - + • - + 115 0— 470,759 3,155 16,365 632,620 - + - + - 946,830 134,055 191,627 55,045 949,357 297,801 2,110 667,507 23,634 35,888 + + — — 4,373 +2,076,523 + - + - - 24,635 632,620 .3# + .4# 30 105 + 19,839 24 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH l6, 1955 ( 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 i n 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 263,432 38,596 66,667 ---368,695 Industrial loans 117 " 17 4?4 90 -— 698 U. S. Government securities 236,55>0 2,333,060 15,519,398 3,087,127 1,013,614 1,414,857 23,604,606 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH l 6 , 1955 tbouaanSs <sf d o l l a r s ) H.4,1(b) 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 F.R. notes of o t h e r Banks 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 o u t r i g h t - Bills Certificates Notes Bonds Total Held under repurchase agreement Total Boston 20,183,102 1027,836 849,720 52,786 21,032,822 1080,622 207,094 406,590 368,695 698 7,853 33,456 14,400 883,244 9,960,141 9,959,471 48,735 , 549,581 549,544 New York Phila. Cleve. Rich. 5,597,620 1203,718 1672,498 1139,035 180,258 57,241 75,724 69,230 5,777,878 1260,959 1748,222 1208,265 39,050 93,663 53,027 — — 6,457 17,137 30,422 607 11,138 41,870 21,617 — 8,915 18,486 15,758 — — Atlanta Chicago St.Louis 854,843 3703,097 Mpls. Kana.Cy. 793,763 370,847 809,537 142.712 46,728 24.471 39,440 907,921 3845,809 840,491 395,318 848,977 6,773 20,753 6,973 3,159 9,380 45,787 91 4,366 11,120 45,526 53,078 74,215 „ , 36,619 27,612 16,944 68,209 86,898 Dallas SanFran. 723,639 2286,669 28,481 79,571 752,120 2366,240 10,441 14,084 5,113 17,783 4i,8l3 15,562 23,604,606 1302,455 225,609 53,752 75,701 52,02144,984 154,407 2,544,138 606,155 853,653 586,633 507,280 1741,212 2,543,968 606,113 853,596 586,593 507,246 1741,095 O A T? ^ ^ ^ f* rt ^ I. F % ^ f 1*0C * CT f Ij-fUfpuy C*VJ9 130 105,017 142,09b ^v9>79v 6,029,372 1436,529 2023,080 1390,264 1202,206 4126,510 36,960 21,690 J38,107 Uliy( 34,706 96,572 416,782 244,591 429,720 391,374 1089,022 416,754 244,575 429,691 391,347 1088,949 ^ . 60,802 120,879 110,092 306.338 117,239 987,735 579,658 1018,397 927,519 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 23,973,999 1316,855 6,082,399 1467,558 2044,697 1406,022 1229,818 4213,408 994,708 625,536 1063,923 932,632 2596,443 l / 6 1,810,525 7,l8l 32,317 1 259,282 2,822 5,742 1 1 129,576 236,645 1,089 3,051 3,162 5.643 1 2 219,820 488,603 1,293 9,335 6,469 14,396 Due from f o r e i g n banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS Q Hli I #C A 22 5,927,844 55,997 132,777 1 C It Cnu l 359,280 5,868 6,959 Z 1 AA 2 339,199 5,304 7,687 ALL A 2 508,114 5,236 11,247 AN 1 374,817 4,458 7,735 JH YX MA 1 3 360,582 841,401 4,115 6,245 7,219 24,201 M JF* A A ^ - — _ ' ^ 51,737,145 2810,894 13,843,019 3104,303 4370,526 3028,699 2620,490 9016,220 2130,572 1167,221 2173,726 1936,860 5534,615 l / A f t e r deducting $16,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. STATEMENT OP CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 16, 1955 (In thousands of d o l l a r s ) 1.4.1(c) I A B I L I T I E S Total Boston f e d e r a l Reserve notes 25,556,397 1559,252 Deposits: Member bank-reserve a c c t s . 19,360,436 836,156 U.S.Treasurer-general a c c t . 185,245 561 Foreign 336,366 19,800 Other 245,617 3,287 New York Phila. Cleve. Rich. Atlanta Chicago S t . Louis Mpls. Kans.Cy. Dallas SariFran. 5,747,234 1791,120 2352,059 1819,121 1325,985 4963,836 1153,255 570,511 1017,185 716,961 2539,878 5,823,340 177,261 1/102,701 162,309 900,045 1472,352 1,630 515 24,090 30,030 9,812 6,779 815,366 555 16,500 2,939 915,928 3143,884 725,618 516 507 543 14,190 46,200 12,540 1.222 2,727 7,460 441,609 521 8,250 869 911,503 538 12,540 4,985 956,500 2418,135 538 1,560 15,510 34,015 1,193 42,035 935,577 1509,676 294,222 404,312 835,360 313,507 931,856 3193,318 746,161 310,417 695,972 185,554 451,249 115,113 929,566 181,675 973,741 2495,745 192,074 380,811 608 517 Total deposits Deferred a v a i l , cash items Dther l i a b i l i t i e s and accrued dividends 20,127,664 4,899,638 859,804 322,472 6,265,611 1,503,509 14,767 749 4,192 TOTAL LIABILITIES Capital p a i d i n Surplus (Section 7) Suiplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,598,466 2742,277 13,520,546 3021,739 4267,517 2968,642 2568,874 8855,788 2085,436 1137,481 2128,943 1883,479 5417,744 38,842 10,200 6,493 11,210 14,976 32,561 293,586 15,207 91,044 19,359 27,852 13,130 12,712 660,901 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 3,34? 762 1,429 521 1,073 1,137 1,307 2,l4o 654 616 51,737,145 2810,894 13,843,019 3104,303 4370,526 3028,699 2620,490 29,031 3,180 1,740 2/8,499 - - 2,117 253 2,639 598 1,450 35 1,247 99 2,662 0 a F. R. notes outstanding 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 1,470 1 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 820 4,060 15 466 703 1.310 2130,572 1167,221 2173,726 1936,860 5534,615 1,102 725 - - 1,102 2,180 1,363 2,987 FEDERAL RESERVE AGENTS' ACCOUNTS 26,501,635 1632,569 5,924,575 1859,566 2482,110 1875,524 1382,920 5069,194 1206,151 610,821 1046,641 759,136 2652,428 11,208,000 640,000 8,000 133,148 17,065,000 1200,000 28,406,148 1848,000 2,670,000 800,000 1050,000 675,000 500,000 2400,000 355,000 2,920 22,635 — 10,425 3,600,000 1200,000 1500,000 1300,000 1000,000 2900,000 920,000 6,270,000 2022,635 2550,000 1985,425 1500,000 5300,000 1277,920 — 1 / A f t e r deducting $233,640,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks, 2 / A f t e r deducting $20,532,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks, 175,000 43,120 500,000 280,000 41,473 800,000 283,000 1380,000 -4,575 525.000 1620,000
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