The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
E.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release May 31, 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 May 30 decreased $240 million to $18,569 million. Estimated required reserves decreased $45 million; and estimated excess reserves decreased $195 million to $341 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $391 million, compared with $410 million the week before. The principal changes reducing reserves were decreases of $304 million in Federal Reserve float and $214 million in member bank borrowings, and increases of $18 million in "other" deposits with Federal Reserve Banks and $10 million in money in circulation. The principal offsetting changes were an increase of $202 million in Federal Reserve holdings of U. S. Government securities, and decreases of $87 million in Treasury deposits with Federal Reserve Banks and $22 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $315 million. As of Wednesday, May 30, holdings of U. S. Government securities bought outright were $l6l million higher than a week earlier, U. S. Government securities held under repurchase agreement were $35 million higher, and member bank borrowings were $142 million lower, . 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 Change from week ending Week ending May 23, 1956i June 1, 1955 (In millions of dollars) 23 ,359 53 16 +159 + 43 + 2 -241 + 50 + 3 732 1 835 24 ,995 21 ,771 5,032 51,798 -214 -304 -315 + 1 + 4 -311 +187 - 66 + 63 6 + 97 + 31 +121 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) 30 ,327 785 507 297 328 984 33 ,228 + + + + - 10 4 87 22 18 4 72 +366 - 38 - 75 -103 -150 + 48 + 48 Member bank reserves— Required reserves (estimated) Excess reserves (estimated) 18 ,569 18 ,228 341 -240 - 45 -195 + 73 +165 - 92 * 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 21,771 Treasury cash holdings 78S Treasury currency outstanding 5,032 Member bank) - Required (est.) 18,194 Money in circulation 30,437 reserves ) - Excess (est.) 21 On May 30, 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,76l million, an increase of $8 million for the week and an increase of $491 million from the comparable date ago. a for year Digitized FRASER H.4.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since June 1, May 2.% 1956 1955 May 30, 1956 A S S E T S Gold certificate account 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 20,249,988 834,859 21,084,847 249,353 356,091 572,690 930 16,439 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS + + + 1 79 78 47,859 16,881 142,274 3 1,704 471,970 10,932,699 9,153,913 2,801,750 23,360,332 34,900 23,395,232 + 160,800 23,985,291 + 160,800 + + + + + + + 107,887 10,895 96,992 84,440 24,930 5,646 235 1,457 - 500,480 +2,658,924 -2,491,924 + 333,480 34,900 55,133 - 291,242 + 221,396 195,016 50,157,733 - 388,027 59 + 8,110 - 389,661 + + 31,306 177,917 22 4,220,491 66,622 34,900 + 195,700 - 298,560 + 10,095 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 26,111,720 + 124,721 + 420,913 18,214,634 434,202 295,534 492,317 19,436,687 3,364,574 20,786 48,933,767 + - 119,685 201,353 16,548 182,531 155,055 367,526 1, - 396,735 + + 329,380 108,340 102,349 78,724 461,345 128,831 2,223 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 314,695 693,612 27,543 188,116 50,157,733 + 33 + + 20,803 + 7,041 + + 33,781 177,917 + »3# Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - 389,661 46.3# -- 45,770 2,466 22 5 + 90,622 32,711 19,448 o4fi MATURITY DISTRIBUTION OF LOANS AND SECURITIES. MAY 30, 1956 (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 560,458 12,158 74 572,690 Industrial loans 357 69 144 Acceptances 6,064 10,375 360 930 16,439 U. S. Government securities 171,100 7,775,835 11,932,699 1,087,127 1,013,614 1,414,857 23,395,232 H,4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 30, 1956 (In thousands of dollars) ClevePhilaSt. Boston New York Richmond Atlanta Chicago delphia land Louis Total Minneapolis Kansas City 326,701 811,174 699,881 Dallas San Francisco A S S E T S Gold certificate account Redemption fund for P. R. notes Total gold certificate reserves 20,249,988 950,031 834,859 50,983 21,084,847 1001,014 5,297,285 1152,837 1837,785 1211,477 170,776 57.357 73,863 67,011 881,964 3797,911 849,605 51,671 156.225 43,367 5,468,061 1210,194 1911,648 1278,488 933,635 3954,136 892,972 23,398 350,099 851,989 F.R. notes of other Banks Other cash 249,353 356,091 13,446 27,540 48,943 84,884 19,749 16,887 13,626 20,365 58,684 18,624 9,280 29,148 19,018 28,469 50,819 23,537 9,281 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities; Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 572,690 930 59,160 300 75,875 48,810 577 18,210 49,537 80,252 83,777 12,155 28,361 40,822 656,957 945,602 550,068 791,749 168,360 242,332 29,059 673,115 563,597 172,501 24,269 82,345 562,148 1907,450 470,685 1597,102 144,063 488.827 16,439 40,815 26.149 2433,337 73,244 726,030 2506,581 6,545 10,767 12,367 16,656 21,322 48,175 53 60,519 14,420 21,800 19,705 456,440 382,176 116,973 10,661 246,937 206,759 20,450 473,714 396,639 5,879,282 1403,746 2020,505 1438,272 1201,165 4075,724 975,294 18,758 434,509 363,813 111,353 63,283 121,400 313,518 527,640 1012,203 928,433 2614,044 6,402 39,C85 16,439 471,970 25,942 10,932,699 6 0 0 , 9 2 7 9,153,913 503,154 2,801,750 154,001 23,360,332 1284,024 118,784 2,751,520 2,303,839 705,139 52,814 1223,380 1024,332 34,900 Total U. S. Govt, sees. 23,395,232 1284,024 5,914,182 1403,746 2020,505 1438,272 1201,165 4075,724 975,294 527,640 1012,203 928,433 26l4,o44 Total loans & securities 23,985,291 1343,484 6,006,496 1453,133 2038,715 1487,809 1281,417 4159,501 987,449 575,868 1072,722 942,853 2635,844 1 1 173,975 243,309 2,522 3,979 8,197 9,154 373,506 10,775 Due from foreign hanks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 4,220,491 1 1/6 2 2 325,961 764,733 271,832 376,810 195,016 10,415 46.8QS 11,337 16.832 66,622 5,481 8,328 4,938 6,815 1 1 3 334,371 405,192 672,457 6,357 11,941 4,019 10,791 6,002 35,708 1 178,548 3,551 7,814 1 99,797 3,855 4,326 50,157,733 2727,342 12,428,346 2988,072 4393,596 3158,350 2722,208 8897,250 2 1 0 3 , 1 5 2 1049,629 2128,175 1952,892 1f After deducting $16,000 participations or otiiir Federal Reserve BanKs." 2 21,606 5608,721 statement of condition of each FEDERAL RESERVE BANK ON MAY 30, 1956 (In thousands of dollars) H- 4.i(c) j 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 Boston Total 26,111,720 1567,258 18,214,634 434,202 295,534 492,317 19,436,687 New York | °\ZT Richmond Atlanta Chicago ^ 5,968,741 1755,248 2436,521 1973,934 1299,116 5068,593 1185,117 | | Dallas 515,771 1035,092 683,255 Fran ^BCQ 2623,074 738,457 5,138,613 849,687 1462,517 779,653 925,165 3048,685 667,846 389,474 854,792 913,396 2446,349 31,608 33,164 35,729 49,630 47,988 53,195 27,598 19,057 31,853 46,348 29,301 28,731 16,815 1/ 92,019 20,520 25,935 14,535 12,540 39,900 10,830 7,125 10,830 14,535 29,950 214,569 9,374 805 13,703 117,194 532 24,552 559 634 51,909 36,404 2,082 786,085 5,496,809 912,745 1524,986 857,521 1102,887 3142,312 730,826 416,215 898,109 1026,188 2542,004 , 181,608 311,004 1,170 5,651 993 2,261 1,049 960 3,558 706 553 810 1,068 20,786 48,933,767 2654,540 12,090,400 2901,086 4283,468 3093,577 2665,902 8721,986 2055,122 1017,949 2079,529 1892,119 2,007 5478,089 3,364,574 300,027 619,199 232,100 319,700 261,073 262,939 507,523 138,473 85,410 145,518 CAPITAL ACCOUNTS 16,350 91,375 20,066 29,903 14,340 14,491 41,921 10,784 7,008 12,604 17,236 38,617 314,695 Capital paid in 41,667 195,827 49,491 62,563 35,012 30,841 101,894 27,649 17,586 25,960 33,84? 71,275 693,612 Surplus (Section 7) 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o 27,543 Surplus (Section 13b) 11,774 43,425 12,940 16,656 12,072 10,212 30,020 9,076 6,013 8,945 8,383 18,600 188,116 Other capital accounts TOTAL LIABILITIES AND 50,157,733 2727.342 12,428,346 2988,072 4393,596 3158,350 2722,208 8897,250 2103,152 1049,629 2128,175 1952,892 5608,721 CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for 2,702 2 / 13,068 3,297 4,168 2,336 2,015 6,412 1,741 1,145 1,741 2,336 4,809 foreign correspondents 45,770 95 243 — — — — -2.128 Industrial loan commit. 2.466 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,967,900 1602,015 6,163,003 1826,732 2523,840 2030,816 1356,726 5156,899 1229,717 564,767 1062,956 722,199 2728,230 Collat. for F. R. notes: Gold certificate acct. 11,513,000 640,000 2,870,000 725,000 1070,000 845,000 500,000 2200,000 450,000 150,000 280,000 283,000 1500,000 48,810 — — — — 12,155 — 60,506 Eligible paper 121,471 U. S. Govt, securities 16,935,000 1200.000 3.600.000 1200,000 i5oo,ooo 1250,000 looo.ooo 3000,000 900,000 460,000 800,000 525,000 1500,000 aQ i, r~7 -1Vftt'A'mn ' £ W n nnn no?? A m nnn onos nnn 1 SOD.DOO RP00.000 1^62.1S5 6l0.000 ll40.506 808.000 1000.00 1 ota 1 C 01 IB XBra, 1 2o,5o9,471 Lcipations of other Federal Reserve Banks. 1/ After deducting $203,4^)0,000 part: 2/ After deducting $32,?( 32,000 part:Lcipations of other Federal Reserve Banks.
@FedFRASER