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BOARD OF GOVERNORS Of # E FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) May 13, I95I+ CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended May 12, Member bank reserves increased $274 million. The principal changes supplying reserves were an increase of $210 million in Reserve Bank credit and decreases of $75 million in Treasury deposits with Federal Reserve Banks and $22 million in Foreign deposits with Federal Reserve Banks. The principal offsetting change was an increase of $29 million in Other deposits with Federal Reserve Banks. The increase of $210 million in Reserve Bank credit resulted from increases of $128 million in Loans, discounts and advances and $8l million in Float. 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 May 12, 1954 Change since May 5, May 13, 1954 1953 (In millions of dollars) 24,632 -- 269 582 •»«• — + 781 - 28 25,484 21,970 4,952 +128 + 81 +210 + 1 + 1 + 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) 29,759 84o 542 579 357 848 + + + - 3 3 75 22 29 1 - 86 - 445 + 114 - 39 9 + 68 Member bank reserves 19,481 +274 - 431 18,736 745 -112 +386 - 546 + 115 685 - 24 + 24 + 54 -1,139 Required reserves (estimated) Excess reserves (estimated) Daily averages for period— Estimated excess reserves of member banks Member bank borrowings at F.R. Banks 174 - 998 102 347 591 111 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,934 million, an increase of $88 million for the week and an increase of $527 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since May 5, May 13, 1954 1953 May 12, 1954 ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 24,632,337 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,901,615 22 139,679 3,867,459 53,476 195,112 50,007,979 + + + + 5,364 336,182 102 7,860 453,657 25,467,06? - 14,539 - 114,158 19,481,196 542,030 579,025 357,148 20,959,399 + 274,605 - 75,045 - 431,289 + 113,869 3,285,009 + 206,356 + 254,520 8,714 - 364,792 - 34,851 49,730,530 + 447,105 - 514,808 + + + 20,417,100 866,239 21,283,339 367,277 268,029 1,249 4,998 4,648 + 350 13,802 + 128,349 20 + - - 1,910,975 6,051,191 13,029,021 3,641,150 24,632,337 - - — m — - — *» — «• LIABILITIES Federal Reserve notes Deposits: Member bank--reserve accounts U, S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 271,329 625,013 27,543 153,564 — — - - +1,351,221 +1,055,475 744,650 880,825 + 781,221 28,400 + 752,821 128,329 mm — - - - •» — + 221,003 121,494 99,509 + 40,932 995,766 2,4l4 - + mm + 21,870 28,666 + 768 78 • - - + - - 245,359 1 5,059 136,849 3,936 25,883 467,792 38,658 13,750 40,337 *» — — + 6,474 45.8% .2$ 13,302 2,4l3 3,103 486 7,071 .2$ 19,603 247 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 12, 1954 (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 234,270 18,759 15,000 Industrial loans 5 194 1,007 44 268,029 1,249 U. S. Government securities 495,100 3,102,241 12,277,575 6,307,260 1,035,304 1,414,857 24,632,337 STATEMENTOF CONDITIONOF TOE FEDERAL RESERVE-BANKS ON MAY 12, 1954 (In thousands of dollars) H.4.1(b) ASSETS 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. 20,417,100 977,266 5,657,339 1230,851 1720,636 1017,549 933,269 3674,734 765,287 491,257 876,782 727,151 2344,979 21,283,339 1029,904 5,832,709 1289,691 1800,100 1085,070 990,037 3823,281 813,826 516,425 917,554 756,905 2427,837 367,277 268,029 1,249 23,941 13,219 69,101 78,820 21,943 7,027 l,l4l 30,076 9,441 488,124 116,298 163,784 1,910,975 105,444 6,051,191 333,893 1,545,668 368,263 518,629 13,029,021 718,915 3,328,029 792,921 1116,679 3,641,150 200,911 930,066 221,593 312,072 66,327 6,298 108,247 16,789 1,650 41,992 17,746 112,552 97,328 334,073 79,965 46,928 82,447 75,090 356,403 308,193 1057,857 253,212 148,599 261,073 237,776 767,383 663,582 2277,707 545,199 319,953 562,124 511,962 214,457 185,447 636,539 152,364 89,416 157,094 143,075 208,942 19,510 4,768 34,166 23,834 13,899 9,809 4,075 108 9,789 2,839 661,625 1424,56? 398,116 Total U. S. Government securities 24,632,337 1359,163 6,291,887 1499,075 2111,164 1450,795 1254,550 4306,176 1030,740 604,896 1062,738 967,903 2693,250 Total loans and securities 24,901,615 1372,382 6,370,707 1507,243 2120,605 1455,563 1260,848 4414,423 1044,639 609,079 1065,577 969,553 2710,996 bue from foreign banks E.R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 1 3,342 139,679 3,867,459 300,512 53,476 6,097 195,112 10,546 1/ 6 2 2 1 1 1 1 1 1 3 2 23,113 6,653 15,803 20,560 15,489 7,673 4,666 7,602 8,766 18,443 7,569 700,654 264,325 347,937 308,978 295,554 617,659 173,456 104,226 187,445 184,859 381,854 4,640 7,564 6,4o6 5,136 4,977 1,014 3,978 2,875 2,457 575 7,757 48,468 11,764 16,783 11,595 10,601 33,487 8,429 8,842 8,589 21,283 4,725 50,807,979 2746,725 13,052,322 3107,618 4327,292 2901,160 2615,745 8977,075 2074,629 1249,945 2199,267 1946,037 5610,164 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 12, 1954 (In thousands of dollars) E.4.1(c) LIABILITIES Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,467,067 1574,444 5,679,186 1815,265 2362,325 1722,667 1364,036 4916,105 1148,061 629,490 990,822 715,549 2549,117 Deposits: Member bank-reserve accts. 19,481,196 769,855 5,930,856 905,053 1453,482 791,799 883,071 3244,951 683,547 446,643 941,933 959,737 2470,269 U.S.Treasurer-general acct. 542,030 24,421 124,141 34,599 43,419 39,204 35,981 61,236 26,937 33,871 39,333 33,637 45,251 Foreign 579,025 35,014 1/171,466 42,476 52,808 29,274 24,682 79,786 21,812 14,350 21,812 26,978 58,567 Other 357,148 4.935 274,164 1,515 10,535 2.317 750 2,695 8,696 1,271 5,354 638 44,278 Total deposits 20,959,399 834,225 6,500,627 983,643 1560,244 862,594 944,484 3388,668 740,992 496,135 1008,432 1020,990 2618,365 Deferred avail, cash items 3,285,009 270,554 564,440 228,159 304,608 257,699 257,399 518,625 141,693 95,100 156,764 158,641 331,327 Other liabilities and accrued dividends 19,055 1,069 5,758 1,022 1,778 1,022 844 3,048 690 679 599 819 1,727 TOTAL LIABILITIES 49,730,530 2680,292 12,750,011 3028,089 4228,955 2843,982 2566,763 8826,446 2031,436 1221,324 2156,697 1895,999 5500,536 Capital paid in 12,047 11,689 35,613 271,329 14,629 83,368 18,434 26,036 9,378 6,060 10,366 13,539 30,170 Surplus (Section 7) 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 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 2,140 1,073 1,137 1,307 Other capital accounts 153,564 10,014 34,991 10,697 13,647 10,032 8,497 22,795 7,829 5,269 7,611 7.046 15,136 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,807,979 2746,725 13,052,322 3107,618 4327,292 2901,160 2615,745 8977,075 2074,629 1249,945 2199,267 1946,037 5610,164 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 13,302 2,413 811 2/3,859 984 626 1,224 747 678 45 572 122 1,849 23 505 333 505 850 625 1,357 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,565,626 1628,761 5,893,519 1929,801 2464,645 1823,311 1455,255 5027,674 1192,111 643,681 1025,979 753,548 2727,341 11,043,000 640,000 2,670,000 800,000 950,000 625,000 485,000 2400,000 355,000 175,000 280,000 283,000 1380,000 125,286 11,816 70,660 5,325 3,595 — —13,025 3,500 1,965 15,400 16,945,000 1200,000 3,600,000 1200,000 1550,000 1300,000 1000,000 2700,000 950,000 500,000 800,000 525,000 28,113,286 1851,816 6,340,660 2005^325 2500^000 1928^595 1485,000 5100/000 1318,'O25 678,500 1081^965 806^000 3015^400 l/ After deducting $407,540,000 participations of other Federal Reserve Banks. 2/ After deducting $9,443,000 participations of other Federal Reserve Banks.
@FedFRASER