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H.4.1
BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM
For Immediate Release
May 26, 1955
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 reserve balances for the week ending
May 25 decreased $180 million to $18,673 million. The principal changes decreasing
reserves were increases of $127 million in Treasury deposits with Federal Reserve
Banks, $44 million in Other deposits with Federal Reserve Banks and $13 million in
Other F. R. accounts (net), and a decrease of $74 million in Reserve Bank credit.
The principal offsetting changes were decreases of $51 million in Money in circulation and $23 million in Foreign deposits with Federal Reserve Banks.
The decrease of $74 million in average Reserve Bank credit for the week
resulted principally from decreases of $151 million in U. S. Government securities
bought outright and $23 million in U. S. Government securities held under repurchase
agreement, and an increase of $117 million in Member bank borrowings.
At the end of the week, May 25, holdings of U. S. Government securities
bought outright were $ 9 9 million lower than a week earlier, and Member bank borrowings were $233 million higher.
Member Bank Reserves,
Reserve Bank Credit,
and Related Items
Reserve Bank credit:
U. S. Government securities-Bought 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
Weekly Averages of Daily Figures
Week Ending 1 Change from Week Ending
May 25, 19551May l8t 19551May 26, 195%
(In millions ofiollars)
23,513
--
13
353
75
880
24,834
21,673
4,999
51,507
-151
- 23
- 2
+117
-
+
6
8
Ik
1
- 72
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)
29,826
437
394
421
937
32,834
+127
- 23
Member bank reserve balances-Required reserves (estimated)
Excess reserves (estimated)
18,673
18,179
494
-180
818
- 51
- 3
+ 44
+ 13
+108
- 14
-l66
-1,196
- -
+
13
+
+
+
+
-
212
51
242
678"
299
42
933
+
+
119
11
40
+
+
57
84
- 106
16
-1,017
- 745
- 272
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
21,674
Treasury cash holdings
824
Treasury currency outstanding
4,999
Member bank) - Required (est.) 18,14-7
Money in circulation
29,7^9
reserves ) - Excess
(est.)
495
On May 25, 1955, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,220 million, an increase of
$13 million for the week and an increase of $240 million from the comparable date
a foryear
ago.
Digitized
FRASER
HA.1(a)
. STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(In thousands of dollars)
Change since
"May 18,
May 26>
1955
1954
May 25,
1955
A S S E T S
Gold certificates
Redemption fund for F. R. notes
Total gold certificate reserves
F. R. notes of other Banks
Other cash
Discounts and advances
Industrial loans
Acceptances--Bought outright
U. S. Government securities:
Bought outright-Bills
Certificates
Notes
Bonds
Total bought outright
Held under repurchase agreement
Total U. S. Government securities
20,138,102
849,753
20,907,855
203,071
364,931
543,246
599
13,433
2,092
w
2,093
45
-
+
+
+
-
1,760
219,065
34
46l
-
98,700
792,350
8,273,775
11,645,837
2,801,750
23,513,712
Total loans and securities
Due from foreign banks
Uncollected cash items
Bank premises
Other assets
TOTAL ASSETS
1
-
— •»
- —
-
288,999
-
10,777
-
299,776
+
-
+
-
+
67,179
1,322
341,446
742
13,433
-1,223,625
+1,673,984
-1,383,184
-
98,700
290,800
-1,223,62$
23,513/712
-
98,700
-1f,2%625
24,070,990
+
22
3,986,354
56,417
•
-
156,806
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
+
49,826,446
•
25,495,899
•
18,641,786
414,512
406,035
413,659
19,875,992
3,303,901
19,141
48,694,933
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
-
•
-
+
-
+
-
+
-
119,870
850,768
2
6,119
725,069
39,212
237,495
22,793
1,188
106,313
109,577
582,806
1,363
730,232
293,574
+
365
27,543
149,495
49,82% 446
+
4,798
725,069
46.3$
+
660,901
Ratio of gold certificate reserves to deposit
and F. R. note liabilities combined
Contingent liability on acceptances purchased
for foreign correspondents
Industrial loan commitments
-
26,526
+
3,511
-
+
+
-
491,339
3,055
21,426
630,439
+
103,777
•
975,260
90,766
95,907
30,672
-
-
+
-1,131,261
+
-
-
+
+
358,485
2,883
671,862
22,021
35,888
16,466
-
.2$ +
1
869,488
+
+
.9 ,
630,439
M
12,815
1,196
MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 25, 1955
(Acceptances and securities held under repurchase agreement are classified as
maturing within 15 days in accordance with maximum maturity of the agreements.)
Within 15 days
16 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
Discounts and
advances
464,970
51,597
26,679
—
Industrial
loans
15
312
126
146
— -
- -
— —
— —
543,246
599
Acceptances
5,194
8,239
- - -
*»
13,433
U. S. Government
securities
125,700
6,420,349
10,765,699
3,773,493
1,013,614
1,414,857
23,513,712
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 25, 1955
(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
F.R. notes of other Banks
Other cash
Discounts and advances
Industrial loans
Acceptances-Bought outright
U. S. Govt, securities:
Bought outright-Bills
Certificates
Notes
Bonds
Total
Held under repurchase
agreement
Total U. S. Government
securities
Due from foreign banks
Uncollected cash items
Bank premises
Other assets
TOTAL ASSETS
Total
Boston
20,138,102
956,993
849,753
51,230
20,987,855
1008,223
203,071
364,931
543,246
599
8,6ll
t j w i . , f jKJ
Phila.
Cleve.
Rich.
5,519,549 1223,019 1718,369 1134,962
174,584
54,403
73,620
70,66l
5,694,133 1277,422 1791,989 1205,623
Atlanta
812,772
155,593
46,134
24,257
40,989
846,951 3860,901
843,l8l
386,281
853,761
7,385
3,514
10,779
5,427
12,117
52,476
16,089
18,583
--
--
51,815
28,200
—
8,274
18,415
29,498
--
59,195
35,320
42,757
—
—
13,433
—
—
—
--
48,225
503,558
68,097
711,073
46,680
487,442
j
{
est
1 x.c. y y j j J.
708,789 1000,878 686,103
J-1 v * jc~\j
tyjL
±\JJ
9
uuc
Dallas SanFran.
362,024
11,340
35,702
54,232
--
201,371
2,102,739
2,959,731
Mpls. Kans.Cy.
797,047
5,450
15,431
36,6?4
512
43,756
456,911
643,130
Chicago St.Louis
795,136 3705,308
44,255
84,714
57,382
—
27,853
13,433
792,350
8,273,775
11,645,837
New York
17,717
55,204
110,827
—
24,298
--
61,502
--
--
--
40,899 138,207
427,076 1443,170
601,135 2031,348
j_*r4+,vcjL
18,633
«tuu, { u i
32,881
343,345
483,279
732,894 2380,029
28,053
?8,4l4
760,94? 2458,443
11,096
20,807
34,674
26,817
87
19,202
200,497
282,214
—
34,459
359,827
506,477
31,772
86,801
331,762 906,375
466,975 1275,778
li.C| J T T
jUV|7CU
23,513,712 1298,521
5,975,892 1431,092 2020,839 1385,287 1213,731 4101,426
975,772 569,808 1022,611
942,853 2575,880
23,513,712 1298,521
5,975,892 1431,092 2020,839 1385,287 1213,731 4101,426
975,772 569,808 1022,611
942,853 2575,880
24,070,990 1326,721
6,046,707 1468,278 2075,071 l4l4,?85 1256,488 4212,253 1000,070
22
1
285,514
5,789
156,806
8,301
3,986,354
56,417
49,826,446
1/ 6
699,594
7,147
3
1
2671,013 12,614,688 3034,604 4308,732 2968,108 2510,173 8837,680
2042,577
38,132
2
253,669
5,206
9,146
2
375,900
5,326
13,402
1
307,323
4,497
9,190
1
299,536
631,397 1075,087 961,436
1
1
656,972 163,799 106,244 207,498
4,170
6,207
2,817
1,107
3,155
8,512 28,423
6,691
3,762
6,858
l/ After deducting $16,000 participations of other Federal Reserve Banks.
1
229,577
1,423
7,465
2602,697
2
400,728
9,573
16,924
1143,085 2163,904 1988,034 5543,848
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 25, 1955
(in thousands of dollars)
1.4.1(c)
Boston
New York
Phila.
25,^95,899 1559,987
Federal Reserve notes
Deposits:
Member bank-reserve accts. 18,641,786 722,290
U.S.Treasurer-general acct
414,512
26,319
406,035
23,820
Foreign
413,659
2,028
Other
5,738,736
1788,829
Total deposits
beferred avail, cash items
Other liabilities and
accrued dividends
19,875,992
3,303,901
774,457
267,101
5,993,020 944,675 1528,564
19,141
1,059
TOTAL LIABILITIES
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
TOTAL LIABILITIES AMD
CAPITAL ACCOUNTS
48,694,933 2602,6o4
L I A B I L I T I E S
Contingent liability on
acceptances purchased
for foreign correspondents
Industrial loan commitments
Total
293,574
15,324
660,901
40,309
27,543
149,495
3,011
9,765
5,461,528
65,908
1/124,934
340,650
Cleve.
Rich.
Atlanta
1020,322
703,513 2545,438
667,991
23,278
15,086
6,756
419,326
25,184
9,925
865
878,472
22,439
19,850
1,802
882,492 3056,396
24,737
44,457
17,071
55,580
1,357
2,157
975,567 2460,910
33,945
55,558
18,659 40,916
1.096
37,487
925,657 3158,590
254,251 543,634
713,111
132,270
455,300
93,513
932,172 1029,267 2594,871
166,072 200,657 284,987
693
616
36,127
9,934
5,976
782,217
559,497
217,919
322,683
826,308
261,317
5,342
1,029
2,074
944
863
2908,292 2458,758
13,268 12,887
60,222 33,480 29,480
12,296,595 2952,452 4206,245
88,722 19,445 27,964
47,773
4,489
10,445
Dallas SahFran.
563,775
28,981
7,319
33,982
Mpls. Kans.Cy.
2352,924 1819,723 1277,987 4973,141 1151,524
880,646 1453,951
25,114
32,510
188,070
Chicago St.Louis
1,006
13,295
3,029
753
988
1,751
1113,204 2119,319
6,689 11,305
26,619 16,918 24,755
8678,394 1997,598
38,995
10,241
96,566
35,063
15,086
3,551
3,349
9,719
762
8,286
1,429
22,296
521
7,598
49,826,446 2671,013 12,614,688 3034,604 4308,732 2968,108
2510,173
8837,680
2042,577
1,140
92
3,710
14
1,007
662
1,007
2,420
1,245
2,729
5072,843
1195,794
599,590
1051,835
750,847
2660,885
26,526
1,590
3,511
2/7,764
~ —
1,935
347
2,412
627
1,325
11
1,073
5,201
1934,425 5427,047
15,431
33,303
66,724
29,985
2,l4o
1,307
1,137
6,886
14,634
7,388
1143,085 2163,904 1988,034 5543,848
FEDERAL RESERVE AGENTS' ACCOUNTS
F. R. notes outstanding
Collateral for F.R. notes:
Gold certificates
Eligible paper
U. S. Govt, securities
Total collateral
26,426,901 1610,028 5,916,668 1861,588
2470,711
1884,813
1351,299
11,008,000 640,000 2,670,000 800,000 1050,000 675,000 500,000 2200,000 355,000 175,000 280,000 283,000 1380,000
21,765 59,835 49,943
26,165
31,807
213,715
24,200
17,155,000 1200,000
28,376,715 1864,200
3,600,000 1200,000 1500,000 1300,000 1000,000 3000,000 910.000
6,270,000 2031,807 2550,000 2001,165 1500,000 5200,000 1286,765
1/ After deducting $281,076,000 participations of other Federal Reserve Banks.
2/ After deducting $18,762,000 participations of other Federal Reserve Banks.
500,000 800,000
734,835 1129,943
525,000 1620,000
808,000 3000,000
@FedFRASER