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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) March 18, 195^ CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 17, Member bank reserves increased $667 million. The principal changes supplying reserves were decreases of $396 million in Treasury deposits with Federal Reserve Banks, $155 million in Other deposits with Federal Reserve Banks, and $101 million in Money in circulation, and an increase of $66 million in Reserve Bank credit. The principal offsetting changes were increases of $4l million in Foreign deposits with Federal Reserve Banks and $12 million in Other F. R. accounts (net). The increase of $66 million in Reserve Bank credit resulted from an increase of $312 million in Float and decreases of $146 million in Loans, discounts and advances and $100 million in U. S. Government securities bought outright. The decrease of $100 million in U. S. Government securities bought outright was entirely in bills. Member Bank Reserves and Related Items March 17, 1954 Change since March Id March 10, 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities-Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding — - •» — 267 855 25,704 21,964 4,920 -146 +312 + 66 + 1 + 3 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) 29,769 823 51 528 191 919 -101 + 3 -396 + 41 -155 + 12 + Member bank reserves 20,307 +667 - 19,198 1,109 +338 +329 + 740 170 +134 - 66 Required reserves (estimated) Excess reserves (estimated) Daily averages for periodEstimated excess reserves of member banks Member bank borrowings at F. R. Banks 24,582 -100 + - - + + - + + - _ 6lQ 746 348 474 648 94 61 482 43 32 190 67 558 804 246 107 "I. 129- + U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $ 2 , 7 2 7 million, a decrease of $14 million for the week and an increase of $529 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 18, March 10, 1954 1953 March 17, 1954 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Government securities: Bought outright-Bills Certificates: Special Other Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 20,399,101 873,039 21,272,140 429,493 265,313 1,539 - + - 1,860,975 - . «• — 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 20,307,266 51,190 527,993 190,572 21,077,021 4,601,837 16,877 51,265,973 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 269,952 625,013 27,543 181,284 52,369,765 - +1 ,300,021 - - - + 151,107 49,642 743,665 2,256 744,650 880,825 100,000 + 620,021 100,000 246,150 + 620,021 11,880 4,901 +1,678,377 + 123,894 110,000 +1,055,475 - - — - - - - +1,940,618 - - - - — — 25,570,238 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 100,000 - - 24,582,337 24,849,189 22 159,852 5,457,085 52,842 149,142 52,369,765 275,001 + — 6,051,191 13,029,021 3,641,150 24,582,337 + 2,427 2,427 3,117 146,029 121 112,378 666,938 396,293 41,146 155,612 + 156,179 - + + ~ - + + + - - 125,900 1 7,703 169,330 3,317 21,064 83,486 24,615 558,010 42,723 31,583 190,045 673,749 516,706 205 +1,627,895 + 37 +1,671,733 + + + + 13,143 40,337 - 4,333 83,486 203 — - - - 132,633 — — + 6,441 +1,678; 377 45.6# - 9,192 3,204 + - . V$o + 180 36 + -3$ 18,746 580 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 17, 1954 (Securities held under repurchase agreement are classified 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 http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Discounts and advances 240,508 24,805 Industrial loans 557 17 919 46 265,313 1,539 U. S. Government securities 445,000 3,102,341 12,277,575 6,307,260 1,035,304 1.414,857 24,582,337 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 17, 1954 (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 Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 20,399,101 1002,698 5,605,563 1253,352 1802,629 1008,549 856,743 3769,028 815,978 455,605 785,025 701,724 2342,207 873,039 53,538 178,800 58,560 80,601 65,474 57,583 149,720 48,874 25,307 41,034 30,004 83,544 21,272,140 1056,236 5,784,363 1311,912 1883,230 1074,023 914,326 3918,748 864,852 480,912 826,059 731,728 2425,751 13,816 17,603 880 48,840 10,925 1,860,975 102,473 479,067 112,131 157,976 110,357 95,187 321,636 78,293 45,931 81,107 73,923 6,051,191 333,203 1,557,746 364,609 513,680 358,836 309,512 1045,839 254,580 149,349 263,729 240,371 13,029,021 717,429 3,354,035 785,050 1106,020 772,621 666,422 2251,833 548,144 321,569 567,843 517,553 3,641,150 200,497 937,334 219,394 309,094 215,919 186,241 629,306 153,186 89,868 158,693 144,637 24,582,337 1353,602 6,32b,152 1481,184 2086,770 1457,733 1257,362 4246,614 1034,203 606,717 1071,372 976,484 202,894 659,737 1420,502 396,981 2600,114 429,493 265,313 1,539 32,407 5,88l 81,556 118,295 27,789 6,405 1,248 32,586 7,232 22,575 17,140 6 39,560 18,045 172 77,943 58,890 25,485 5,370 9,333 7,675 113 8,575 Total U. S. Government securities 24,582,337 1353,602 6,328,182 1481,184 2086,770 1457,733 1257,362 4248,6l4 1034,203 606,717 1071,372 976,484 2680,114 Total loans and securities 24,849,189 1359,483 6,446,477 1488,837 2094,002 1474,879 1275,579 4307,504 1039,573 614,505 1079,947 977,364 2691,039 Due from foreign banks F.R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 159,852 5,457,085 52,842 149,142 1 1/6 2 2 1 1 3 1 6,801 7,961 28,566 28,978 16,499 8,052 2,520 19,039 369,108 1,478,805 330,415 532,721 353,558 385,584 777,468 202,246 6,165 7,488 4,796 5,177 4,683 3,958 6,410 2,887 8,854 12,688 8,922 8,369 24,970 6,060 7,959 37,480 1 1 10,299 5,695 120,552 265,891 1,019 2,205 3,700 7,113 l 2 6,197 19,245 190,500 450,237 581 7,473 6,713 16,314 52,369,765 2833,879 13,855,214 3179,406 4568,367 2967,207 2656,355 9129,545 2149,156 1240,321 2200,727 1930,687 5658,901 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 17, 1954 (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. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,570,238 1571,942 5,680,369 1829,095 2377,816 1756,067 1358,576 4951,540 1161,666 633,196 992,196 706,661 2551,114 Deposits: Member bank-reserve accts. 20,307,266 828,896 6,311,835 941,233 1572,095 828,167 892,028 3311,377 719,250 458,354 922,524 973,146 2548,361 U.S.Treasurer-general acct. 51,190 572 45,142 516 514 578 593 475 501 516 533 268 982 Foreign 527,993 31,415 1/162,324 38,110 47,380 26,265 22,145 71,585 19,570 12,875 19,570 24,205 52,549 Other 190,572 3,179 121,833 1,760 5,934 2.706 2,402 1,379 7,641 1,474 8,897 2,282 31.085 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 21,077,021 864,062 6,641,134 981,619 1625,923 857,716 917,168 3384,816 746,962 473,219 951,524 999,901 2632,977 4,601,837 329,219 1,218,582 286,763 462,470 293,983 329,546 634,928 195,838 104,230 212,883 172,276 361,119 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,265,973 2766,076 13,545,303 3098,393 4468,014 2908,536 2605,991 8974,100 2104,989 1211,105 2157,171 1879,610 5546,685 269,952 14,629 83,282 18,307 25,823 11,970 11,621 35,561 9,329 6,033 10,260 13,475 29,662 625,013 38,779 176,633 45,909 57,648 31,750 28,034 90,792 25,465 16,219 23,456 28,146 62,182 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 16,877 27,543 181,284 853 3,011 11,384 5,218 7,319 42,677 916 4,489 12,308 1,805 1,006 15,876 701 770 3,349 11,602 762 9,947 2,816 1,429 27,663 523 521 8,852 460 1,073 5,891 568 1,137 8,703 772 1,307 8,149 1.475 2, l4o 18,232 52,369,765 2833,879 13,855,214 3179,406 4568,367 2967,207 2656,355 9129,545 2149,156 1240,321 2200,727 1930,687 5658,901 9,192 3,204 561 2/2,660 681 1,392 846 748 469 47 396 127 1,279 25 350 230 350 865 432 938 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,772,288 1645,145 5,925,835 1945,924 2496,950 1851,922 1440,4l8 5105,134 1217,756 649,304 1023,702 744,869 2725,329 Collateral for F. R. notes: Gold certificates 11,093,000 640,000 2,670,000 800,000 1050,000 625,000 435,000 2400,000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 170,081 4,966 113,945 5,295 — 16,375 — 4,8oo 7,300 8,005 9,395 U. S. Govt, securities 17,155,000 1200,000 3,600,000 1200,000 1550,000 1300,000 1100,000 2800,000 960,000 500,000 800,000 525,000 1620,000 Total collateral 28,418,081 1844,966 6,383,945 2005,295 2600,000 1941,375 1535,000 5200,000 1319,800 682,300 1088,005 808,000 3009,395 1/ After deducting $365,650,000 participations of other Federal Reserve Banks. 2/ After deducting $6,532,000 participations of other Federal Reserve Banks.
@FedFRASER