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B.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release March 8, 1956 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 reserves for the week ending March 7 increased $74 million to $18,670 million. Estimated required reserves increased $24 million; and estimated excess reserves increased $50 million to $487 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $262 million, compared with $321 million the week before. The principal changes supplying reserves were an increase of $ 8 3 million in Federal Reserve holdings of U. S. Government securities and a decrease of $8l million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $45 million in Federal Reserve float, and Increases of $22 million in money in circulation and $21 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit increased $29 million. As of Wednesday, March 7, holdings of U. S. Government securities under repurchase agreement were $35 million higher than a week earlier and member bank borrowings were $19 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought 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 reserves-Required reserves (estimated) Excess reserves (estimated) Weekly averages of daily figures Change from week ending Week ending Feb. 29, 1956 Mar. 9, 1955 Mar. 7, 1956 (][n millions of dollars) 23,426 92 15 + 42 + 4l 749 1 835 25,118 21,695 5,011 51,824 - + 15 « 9 •» — - 45 + 29 «• — - 1 + 28 + 22 - 10 - 81 30,202 783 46l 360 327 1,023 33,155 r-?5 18,670 18,183 48? T2X + 50 + 6 + 21 - -178 + 92 2 +378 -108 + 46 +255 - 22 + 16 +239 +383 - 45 - 87 - 4 -149 + 68 T&B + 74 +155 - 91 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 21,696 Treasury cash holdings 780 Treasury currency outstanding 5,011 Member bank) - Required (est.) 18,186 Money in circulation 30,223 reserves ) - Excess (est.) 332 On March 7# 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,816 million, an increase of $23 million for the week and an increase of $845 million from the comparable date Digitized a for FRASER year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Mar. 7, mi— 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 U. S. Government securities: Bought o u t r i g h t — Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S, Government securities 20,166,353 848,236 21,014,509 311,438 421,793 650,474 694 15,502 Change since Mar. 9 , Feb. 29, 1955 1956 + 10,002 : + - §432 3,467 18,965 21,434 + 18,906 + 1,018 - 178,044 34,800 34,800 - 87,344 + 90,700 + 54,723 + 90,915 4,113,236 63.148 139,067 50T2¥7,225 + + - 396,256 72 10,765 367,558 + 397,918 + 533 586,603 14,945 + 456,171 - 2,953 48,178 35,342 26,044,432 18,518,107 451,960 356,406 347,286 197373,759 3,304,876 15,667 49,038,734 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 il'M 105,955 1,501 162,538 219 15,502 24,183,932 22 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES + + + + + - 345,044 -4,039,442 +4,206,442 538,200 5,920,699 14,165,913 2,801,750 23,426,562 90,700 23,517,252 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 1 11,751 90,003 101,596 7,033 a 413,538 174 - 375,599 309,087 693,612 27,543 178,249 50,247,225 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + 318 -M8 - 7,610 69,638 - 156,111 + 211,011 + + 1,232 512,303 + 15,616 + 32,711 + + 25,973 586,603 .3* 46.0% 39,146 2,435 2,560 10,145 9 850 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. MARCH 7, 1956 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advances Within 15 days l6 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 639,986 10,488 Industrial loans 1 14 588 Acceptances 8,555 6,947 91 650,474 694 15,502 U. S. Government securities 4,175,500 1,465,400 13,860,764 1,587,127 1,013,614 1.414,857 23,517,262 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 7, 1956 H.4.l(b) Boston Total New York Philadelphia Cleve- Richmond Atlanta land Chicago St. Louis Minne- 1 Kansas apolis 1 City 869,479 352,661 842,768 667,328 Dallas San Francisco A S S E T S Gold certificates Redemption fund for F. R. notes Total gold Certificate reserves 20,166,353 1010,391 848,236 21,014,589 5,297,448 1147,765 1798,687 1300,756 876,059 3561,656 76,617 66,183 1062,854 5,474,052 1207,658 1875,304 1366,939 52,463 176,604 59,893 2441,355 41,354 26,609 74,563 928,918 3715,131 913,526 376,230 884,122 693,937 2515,918 52,859 153,475 44,047 23,569 F.R. notes of other Banks Other cash 311,438 421,793 11,128 30,188 75,136 99,776 26,554 26,133 15,287 32,947 24,074 20,971 75,780 71,808 8,965 21,965 5,671 8,688 4,741 14,256 14,383 18,629 27,722 27,945 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought o u t r i g h t — Bills Certificates Notes Bonds Total Held under repurchase agreement 650,474 694 20,980 78,940 34,455 63^ 68,446 *— 29,200 40,920 273,150 16,525 25,850 32,608 8,650 20,750 32,756 360,345 46,254 508,843 31,708 23,407 257,491 21,581 58,959 648,601 1551,847 29,721 5,920,699 326,965 14,165,913 782,298 2,801,750 154,724 23,426,562 1293,708 1293,708 23,517,262 Total loans & securities 24,183,932 1314,688 TOTAL ASSETS 1/ After deducting 27,780 93,876 305,615 1032,730 22,335 245,697 587,857 13,042 143,476 343,283 972,156 6,044,444 1425.787 2013,349 1380,153 1209,232 4086,225 6,138,886 136,781 1,504,716 3,600,196 862,166 1217,461 348,812 834,571 731,216 2470,918 712,051 170,520 240,791 165,062 144,621 488,701 5,953,744 1425,787 2013,349 1380,153 1209,232 4086,225 1460,879 2081,795 1409,353 22 1 1/6 2 2 740,569 7,954 33,714 243,738 63,148 139,067 306,757 5,579 7,280 383,809 6,225 12,009 4,113,236 57 121,848 567,696 1010,021 237,408 568,025 112,344 939,350 2566,333 972,156 567,696 1018,821 939,358 2566,333 2587,083 116,267 67,895 616,075 306,926 90,700 90,700 Total U. S, Govt, sees. Due from foreign banks Uncollected cash items Bank premises Other assets 48,487 15,502 15,502 538,200 21,997 5,005 8,091 1 309,867 5,686 8,033 1250,152 4359,375 988,681 593,603 1051,429 948,008 1 320,261 4,015 7,994 3 681,297 6,035 25,404 1 178,573 3,417 5,516 1 112,341 1 202,378 2,313 6,888 2,859 3,232 1 207,647 3,678 5,785 50.247,225 2738.475 12.570.093 2978.060 4407.378 3144,924 2615.066 8881.050 2120.644 1102.625 2171.659 1886.537 $16,000 participations of other Federal Reserve Banks, 2 425,999 10,382 15,121 5630.714 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 7, 1956 ^Jfc.l(c) Total L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S.Treas.-gen. acct. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 26,044,432 18,518,107 451,960 Boston New York Philadelphia 1550,597 5,937,078 1769,048 2420,822 1968,079 1317,469 5042,356 1204,701 515,408 1028,904 681,156 2608,8l4 % 24,016 fi,m 25,344 • 51,303 • ' 20,768 1/105,053 4.534 263,365 356,406 347,286 19,673,759 844,015 3,304,876 270,889 9,048 41,680 32,032 1,492 17,952 4.357 5,757,928 918,951 1560,840 856,986 13,376 8,800 13,376 2,809 1,434 7.682 873 9.660 974,361 3131,321 727,342 466,379 927,100 15,488 49,280 535,033 202,935 314,728 255,321 267,032 532,226 140,446 88,774 166,797 17,952 1,078 31 36,985 40,954 969,444 2539,092 175,173 355,522 818 4,438 827 1,841 745 747 2.747 515 585 -541 602 1,255. 15,667 49,038,734 2^66,319 12,234^477 2891,761 4298,231 3081,131 2559,609 8708,650 2073,004 1071,146 2123,348 1826,375 5504,683 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Minneapolis CleveRichmond Atlanta land 309,087 16,276 27,543 178,249 11,202 693,612 41,667 3,011 90,966 195,827 7,319 41.504 19,991 49,491 4,489 12,328 29,772 14,066 15,806 3,349 11,366 62,563 1,006 35,012 14,087 41,693 30,841 101,894 1,429 762 9,767 27.384 10,752 27,649 521 8.718 6,990 17,586 1,073 5,830 12,556 25,960 1,137 8,658 16,932 33,847 1,307 8,076 35,006 71,275 2,140 17,610 50.247,225 2738,475 12,570.093 2978,060 4407,378 3144.924 2615,066 8881.050 2120,644 1102,625 2171,659 1886.537 5630,714
@FedFRASER