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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) May 27, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended May 26, Member bank reserves decreased $69 million. The principal changes reducing reserves were an increase of $87 million in Treasury deposits with Federal Reserve Banks and a decrease of $38 million in Reserve Bank credit. The principal offsetting changes were decreases of $31 million in Foreign deposits with Federal Reserve Banks and $10 million in Money in circulation. The decrease of $38 million in Reserve Bank credit resulted from a decrease of $112 million in Float and increases of $50 million in U. S. Government securities bought outright and $24 million in Loans, discounts and advances. Holdings of U. S. Government securities bought outright reflected an increase of $50 million in bills. 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 26, 1954 (In millions of dollars) 24,737 203 550 25,490 21,972 4,957 29,697 834 Member bank reserves 19,617 Daily averages for periodEstimated excess reserves of member banks Member bank borrowings at F. R. Banks + - - 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) Required reserves (estimated) Excess reserves (estimated) Change since May 19, May 27, 1954 1953 505 502 383 881 18,937 680 790 l4l 50 - - 24 -112 + - + + 38 1 1 +774 -125 -371 - 95 +182 -564 +112 10 7 + 87 31 7 + 1 -128 -450 +150 69 - 89 3 66 -361 +272 88 21 +251 -476 - - - - 4- + - 2 +145 +104 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,980 million, an increase of $17 million for the week and an increase of $517 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 27, May 19> 1954 1953 May 26, 1954 ASSETS Gold certificate* 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 20,427,101 860,530 21,287,631 366,253 201,800 1,341 + 2,015,975 6,599,791 13,029,021 3,092,550 24,737,337 + 10,002 3,326 6,676 - + 3,497 - 24,404 15 + - 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 ACCOUNTS CAPITAL Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS - + - 180,501 112,058 68,443 38,587 369,087 2,001 + 50,000 24,737,337 + 50,000 +1.,344,221 +1,604,075 744,650 -1,429,425 + 774,221 124,900 + 649,321 24,940,478 22 135,892 3,495,015 53,362 178,232 50,456,005 + 74,389 + 50,000 — «. — — — — - - Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS + - - 25,392,122 19,617,046 505,278 501,942 382,987 21,007,253 2,945,416 22,024 49,366,815 271,553 625,013 27,543 165,961 50,456,085 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - «. — 4,687 562,030 111 - + 8,008 - 401,252 - 19,764 - + 69,099 87,112 31,024 7,178 20,189 449,342 + 1,724 487,571 - - - "» 54 + — — — + - 6,265 401,252 45.9# + .1% 13,711 2,315 + + 39 10 278,233 l 13,103 43,315 + 3,554 - - 62,389 + 133,123 - 167,971 89,364 150,700 2,255 + 144,739 + 203,820 + 52,542 509 - + + 87,882 + + 13,786 40,337 — 1 8,882 + - - 133,123 .2)6 - - 17,462 - 698 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 26, 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 Total Discounts and advances " 163,807 37,993 Industrial loans — 5 — 256 1,038 43 201,800 W4l U. S. Government securities 522,500 1,643,875 13,813,541 6,307,260 1,035,304 1,414,857 24,737,337 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 26, 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. Eans.Cy. 20,427,101 1031,861 5,628,406 1247,948 1710,226 996,255 919,341 3741,232 773,495 481,890 854,276 742,393 2299,778 860,530 52,331 174,307 58,275 79,102 65,329 56,519 148,125 48,421 25,117 21,287,631 1084,192 5,802,713 1306,223 1789,328 1061,584 975,860 3889,357 821,916 507,007 40,685 24,742 23,695 68,421 35,770 22,464 10,227 30,495 10,716 20,545 19,938 35,752 25,898 63,291 34,122 24,080 22,024 10,073 5,525 9,975 7,639 16,251 2,950 4o,l64 3,296 2,015,975 111,238 514,944 122,688 172,783 118,737 102,675 352,429 84,359 49,507 86,976 79,216 220,423 l,34l —— — 1,235 — —— —— —— —— 106 — — — — — 6,599,791 364,163 1,685,798 401,650 565,648 388,715 336,133 1153,763 276,168 162,071 284,742 259,332 721,608 13,029,021 718,915 3,328,029 792,921 1116,679 767,383 663,582 2277,707 545,199 319,953 562,124 511,962 1424,567 3,092,550 170,641 789,936 188,206 265,053 182,145 157,507 540,633 129,408 75,944 133,425 121,519 338,133 24,737,337 1364,957 6,318,707 1505,465 2120,163 1456,980 1259,897 4324,532 1035,134 607,475 1067,267 972,029 2704,731 Total loans and securities 24,940,478 1388,652 82,642 366,253 201,800 24,737,337 1364,957 6,318,707 1505,465 2120,163 1456,980 1259,897 4324,532 1035,134 607,475 1067,267 TOTAL ASSETS 29,677 894,961 772,070 2382,420 Total U. 8. Government securities Due from foreign banks F.R. notes of other banks Uncollected cash items Bank premises Other assets Dallas SanFran. 22 135,892 3,495,015 53,362 178,232 6,354,477 1516,927 2130,879 1476,918 1285,795 4358,654 1057,158 613,106 1074,906 974,979 2708,027 1 1 / 6 3,442 261,371 6,064 9,622 972,029 2704,731 2 23,391 7,757 648,362 206,827 7,576 44,086 4,971 10,615 1 3 1 1 1 7,826 12,957 20,493 324,321 273,259 244,976 2 17,885 572,493 6,987 147,404 4,265 95,523 7,769 189,252 5,H9 15,574 1 4,619 10,541 3,965 9,707 6,400 30,550 2,875 7,663 1,014 4,361 2,458 8,016 1 2 6,348 16,772 185,943 345,284 575 8,021 7,726 19,476 50,456,885 2778,086 12,949,032 3075,786 4303,544 2860,424 2576,549 8938,633 2068,084 1235,350 2187,338 1964,188 5519,871 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 26, 1954 (In thousands of dollars) H.4.1(c) L I A B I L I T IBS Total Boston Federal Reserve notes 25,392,122 1570,801 Deposits: Member bank-reserve accts. 19,617,046 831,125 U.S.Treasurer-general acct. 505,278 32,629 Foreign 501,942 30,494 Other 382,987 3,785 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,681,348 1812,546 2358,800 1707,987 1349,316 4913,482 1140,101 625,519 985,742 712,075 2534,405 5,918,943 70,199 1/146,994 307,868 915,037 1480,985 39,106 32,250 36,993 10,313 45,991 6,467 784,047 48,389 25,495 1,783 904,232 3257,199 706,436 37,266 21,495 1,382 67,665 69,486 4,019 32,375 18,996 8,508 450,312 941,435 988,800 2438,495 32,224 12,498 l,04l 33,188 18,996 5,464 27,622 23,495 759 52,365 51,009 31,598 6,444,004 1001,449 1565,693 859,714 964,375 3398,369 766,315 496,075 999,083 1040,676 2573,467 84,286 158,685 159,937 299,041 510,395 180,434 277,504 233,785 212,364 470,625 117,292 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 21,007,253 2,945,416 898,033 241,068 22,024 1,121 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,366,815 2711,023 12,643,356 2995,504 4204,165 2802,528 2526,978 8785,645 2024,416 1206,443 2144,225 1913,678 5408,854 271,553 14,630 83,387 18,435 26,044 12,068 11,705 35,648 9,379 6,062 10,449 13,550 30,196 625,013 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 27,543 165,961 3,011 10,643 7,609 7,319 38,337 1,075 4,489 11,449 2,168 1,006 14,681 1,042 3,349 10,729 923 762 9,070 3,169 1,429 25,119 708 521 8,303 563 1,073 5,553 715 1,137 8,071 990 1,307 7,507 1,941 2,l4o 16,499 50,456,885 2778,086 12,949,032 3075,786 4303,544 2860,424 2576,549 8938,633 2068,084 1235,350 2187,338 1964,188 5519,871 13,711 2,315 836 2/3,984 1,014 530 1,260 747 699 45 589 120 1,904 23 521 342 521 850 644 1,397 FEDERAL RESERVE AGENTS» ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,498,934 1632,810 5,875,070 1932,458 2476,042 1818,772 1442,389 5022,422 1196,904 641,070 1014,760 755,015 2691,222 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 1380,000 101,547 22,292 18,450 8,225 — 18,765 — 21,150 4,950 6,765 — 950 16,945,000 1200,000 3,600,000 1200,000 1550,000 i3oa,ooo iooo t ooo 2700,000 950,000 500,000 800,000 525,000 1620,000 28,089,547 1862,292 6,288,450 2008,225 2500,000 1943,765 1485,000 5100,000 1326,150 l/ After deducting $354,929,000 participations of other Federal Reserve Banks. 2/ After deducting $9,727,000 participations of other Federal Reserve Banks. 679,950 1086,765 808,000 3000,950
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