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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) March 4, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 3> Member bank reserves increased $267 million. The principal change supplying reserves was an increase of $377 million in Reserve Bank credit. The principal offsetting changes were increases of $47 million in Money in circulation, $43 million in Other deposits with Federal Reserve Banks, $19 million in Treasury deposits with Federal Reserve Banks, and $15 million in Foreign deposits with Federal Reserve Banks. The increase of $377 million in Reserve Bank credit resulted from increases of $358 million in Float and $18 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 March 3, 1954 Change since Feb. 24, March 4, 1954 1953 (In millions of dollars) +706 24,559 268 + 18 -560 -200 861 25,689 21,958 +358 +377 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) 29,885 908 47 4 19 15 + 43 - 3 - 36 +161 + 78 Member bank reserves 19,540 +267 -550 18,914 626 + 45 +222 +376 468 -214 Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks + 88 4,912 820 528 476 402 266 - 53 -704 v 66 +113 -475 + 40 -926 - 99 -903 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,742 million, an increase of $51 million for the week and an increase of $568 million from the comparable date a year ago. H.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) 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 Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,389,104 878,045 21,267,149 442,683 266,732 1,728 4 + - 146,368 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 A C C O U N T S C A P I T A L Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS + 2,605 4,655 + 135 - + 706,821 18,320 + 147,491 1 2,950 66,801 3,640 30,166 115,389 - 7,244 134,598 56 - 50,843,397 + + 8,711 147,069 25,720,678 + 22,865 19,540,314 + + + + + 267,061 528,262 475,782 401,518 20,945,876 3,070,088 15,986 49,752,628 269,737 625,013 27,543 168,476 50,843,397 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 45 M - + - + - + 84,701 19,343 14,591 42,153 343,148 223,994 1,595 140,424 + 549,237 39,990 35,950 164 + + + - *- - + - + - 160,861 384,336 133,112 43 166,566 13,087 40,337 - - + + 6,481 147,069 - 9,391 3,146 • - - — — + - - - — — — — + - 334,996 125,687 209,309 42,707 556,950 2,380 +1.,276,821 +1,055,475 744,650 880,825 + 706,821 - - 24,559,137 24,827,597 22 175,186 3,931,573 52,819 2,609 18,185 + + 1,837,775 6,051,191 13,029,021 3,641,150 24,559,137 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS March 4, 1953 Feb. 24, 1954 March 3, 1954 - • 3* 892 169 - - • 2,247 115,389 .1# - - 18,147 743 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 3, 195% (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 251,517 15,215 Industrial loans 231 4l 6 1,008 73 266,732 1,728 U. S. Government securities 405,200 2,570,3^1 12,736,375 6,057,964 1,374,400 1,414,857 24,559,137 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 3, 1954 (In thoyscm&s of dollaiw) 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 20,389,104 7 , ^ Boston 266,732 1,728 Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 998,780 5,543,430 1246,031 1842,962 1035,009 913,051 3711,226 824,006 487,415 817,271 734,027 2235,896 ! ! 21,267,149 1052,567 442,683 New York 32,901 8,085 5723,100 1304,997 1923,833 1102,727 970,834 23,944 29,565 30 38,384 27,795 219 90,853 10,455 30,203 6,030 1,364 34,851 17,507 3861,260 872,968 512,776 858,367 764,102 2319,618 78,129 54,665 25,489 7,970 8,995 5,570 115 14,876 8,145 16,822 47,236 13,930 77,015 94,000 317,627 77,317 45,358 80,096 73,002 200,364 473,095 110,733 156,007 108,981 1,837,775 101,195 6,051,191 333,203 1,557,746 364,609 513,680 358,836 309,512 1045,839 254,580 149,349 263,729 240,371 659,737 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 1420,502 89,868 158,693 144,637 396,981 937,334 219,394 309,094 215,919 186,241 629,306 153,186 3,641,150 200,497 Total U. S. Government securities 24,559,137 1352,324 6,322,210 1479,786 2084,801 1456,357 1256,175 4244,605 1033,227 6o6,l44 1070,361 975,563 2677,584 Total loans and securities 24,827,597 1360,409 6,332,665 1487,180 2102,308 1485,952 1284,189 4299,270 1041,197 611,829 1078,506 989,493 2754,599 Due from foreign banks F.R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 175,186 1 3,325 288,020 6,165 52,819 3,931,573 146,368 7,862 1/ 6 20,977 780,956 7,460 36,522 50,843,397 2751,250 12,992,539 2 7,645 258,135 4,796 8,658 2 7,661 391,788 5,187 12,847 1 28,4l6 287,818 4,681 8,723 1 42,212 260,833 3,958 8,185 1 3 17,735 8,620 24,786 6,044 691,967 159,674 2,886 6,4lO 1 9,533 98,775 1,019 3,595 1 5,140 197,040 2,204 6,981 1 7,855 150,747 581 6,350 2 16,067 365,820 7,472 15,815 3101,616 4478,477 2942,262 2608,596 8979,560 2116,879 1246,523 2163,115 1935,951 5526,629 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 3, 1954 (In thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston Federal Reserve notes 25,720,678 1581,209 Deposits: Member bank-reserve accts. 19,540,314 788,025 U.S.Treasurer-general acct 528,262 29,578 Foreign 475,782 28,206 Other 401,518 3,064 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 5,709,017 1835,828 2388,903 1771,262 1371,911 4972,649 1168,866 Mpls. Kans.Cy. Dallas SanFran. 634,702 1001,763 718,054 2566,514 5,896,983 912,567 1516,182 817,052 913,741 3228,879 722,185 467,281 906,061 955,961 2415,397 6l,042 35,734 51,948 41,332 35,790 82,184 34,868 22,493 34,647 29,569 1/147,460 34,218 42,541 23,582 19,883 64,274 17,571 11,560 17,571 21,733 69,077 47,183 337,949 2,428 6,217 3,436 1,783 690 8,085 1,615 3,483 31,818 950 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,945,876 848,873 6,443,434 984,947 1616,888 885,402 971,197 3376,027 782,709 502,949 961,762 1008,213 2563,475 3,070,088 253,251 528,895 199,705 371,490 226,982 215,085 475,051 121,117 79,450 156,067 158,525 284,470 15,986 811 4,711 895 1,889 698 689 2,779 516 510 552 580 1,356 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,752,628 2684,144 12,686,057 3021,375 4379,170 2884,344 2558,882 8826,506 2073,208 1217,611 2120,144 1885,372 5415,815 269,737 14,614 83,212 18,295 25,768 11,904 11,576 35,531 9,302 6,031 10,239 13,458 29,807 625,013 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 27,543 168,476 50,843,397 4 : $ 3,011 10,702 7,319 39,318 4,489 11,548 1,006 14,885 3,349 10,915 762 9,342 1,429 25,302 521 8,383 1,073 5,589 1,137 8,139 1,307 7,668 2,140 16,685 2751,250 12,992,539 3101,616 4478,477 2942,262 2608,596 8979,560 2116,879 1246,523 2163,115 1935,951 5526,629 573 2/2,717 , 696 865 '1,334 748 479 47 4o4 127 1,307 25 357 235 357 865 442 959 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,900,312 1664,708 5,927,009 1955,200 2504,325 1860,421 1445,962 5147,319 1229,696 651,778 1029,976 752,692 2731,226 11,093,000 640,000 137,800 7,170 17,255,000 1200,000 28,485,800 1847,170 800,000 1050,000 625,000 435,000 2400,000 355,000 175,000 280,000 283,000 1380,000 4,920 — 28,800 — — 7,400 5,195 7,575 — 71,485 3,600,000 1200,000 1550,000 1300,000 1100,000 2900,000 960,000 500,000 800,000 525,000 1620.000 2,670,000 5,255 6,275,255 2004,920 2600,000 1953,800 1535,000 5300,000 1322,400 1/ After deducting $328,304,000 participations of other Federal Reserve Banks, 2/ After deducting $6,674,000 participations of other Federal Reserve Banks, * Last week1s figures revised to 3,315 and 1,49^-, respectively. 680,195 1087,575 808,000 3071,485
@FedFRASER