The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release November 10, 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 November 9 increased $1 million to $18,899 million. Estimated Required reserves fc-ased^ $68 million; and estimated Excess reserves increased $69 million to $5 6 million. Member bank borrowings at the Federal Reserve Banks exceeded Excess reserves by $577 million, The Principal changes increasing reserves were increases of $200 million in Member bank borrowings and $29 million in Federal Reserve holdings of U, S, Government securities, and decreases of $24 million in Foreign deposits with F ^ e r a l Reserve B a n k s a n d #12 million in Other F. R, accounts (net). The principal 5~ n s e . changes were increases of $129 million in Money in circulation, 4(1 million in Treasury deposits with Federal Reserve Banks, and $48 million in Other deposits with Federal Reserve Banks, and a decrease of $17 million in Federal Reserve float, Total Reserve Bank credit increased $215 million. °f Wednesday, November 9, holdings of U, S, Government securities bought outright and those held under repurchase agreement were unchanged from a week earlier, while Member bank borrowings were $16 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 advancesMember bank borrowings Other Float Total Reserve Bank credit I old stock Treasury currency outstanding Weekly Averages of Daily Figures Week Ending Change from Week Ending Nov. 9, 1955 Nov. 2, 19551 Nov. 10, 1954 (in millions of dollars) 24,024 + 29 - + + 721 9 18 — - 18 1 +200 1,143 1 776 25,963 21,686 .5,009 52,658 -J7 +215 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) 30,657 774 571 384 433 - 93,9 33,759 +129 + 1 + 71 - 24 + 48 - 12 +215 + + + + Member bank reserve balancesRequired reserves (estimated) Excess reserves (estimated) 18.899 18,333 566 + 1 — 68 + 69 - - 465 + 89 - 554 +215 +1,051 - I84 + 107 + 262 — 66 + 32 + 228 + 451 22 209 39 39 53 693 For Wednesday Federal Reserve figures see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED — attached. Latest Wednesday figures for Dther items appearing above are, in millions of dollars: Gold stock 21,686 Treasury cash holdings 779 Treasury currency outstanding 5,009 Member bank) — Required (est,) ]_g 295 Money in circulation 30,786 reserves ) - Excess (est,) *259 On November 9, 1955, U. S, Government securities held in custody by the ® < ? e r ^ 1 ^ e s e ^ v e Banks for foreign account were $3,554 million, an increase of mill:Lon f o r t h e w e e k a n d a n increase of $529 million from the comparable date year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Nov. 10, Nov. 2, 1954 1955 Nov. 9 , 1955 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances—Bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 20,171,352 832,159 21,003,511 221,305 318,481 1,201,287 669 17,450 + + + 13,750 9,257 23,007 + 82,271 + 3,297 + 908,534 103 + 17,450 - 17,399,536 - 721,454 -4,079,715 +4,370,515 24,023,908 - 721,454 24,023,908 - 721,454 1,302,546 2,520,076 25,243,314 + 16,710 + 204,427 3,948,522 59,720 174,763 50,969,638 + + - 519,787 133 8,618 561,523 + + 269,103 5,520 5,701 535,910 26,412,576 + 178,352 + 539,783 18,553,667 616,571 399,707 388,428 19,958,373 3,424,755 + 596,920 81,109 + - 6,347 496,638 - 568,486 - 856,619 + 403,139 31,924 + 139,075 - 346,329 + 287,430 + 1,696 + 482:580 22 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank—reserve accounts U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 49,816,714 C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 299,755 660,901 27,543 164,725 50,969,63# Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 1,999 1,135 3,134 37,471 26,592 16,035 107 568 21,010 + 12,826 - 251,822 + 1,622 427 + - 6,536 561,523 45.3# .3$ 28,832 2,638 1,697 107 + + + 16,933 35,888 + J09 535,910 .2$ + + 14,089 659 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 9, 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 Industrial advances loans l,l46,03t^SS,4%i 12 33 5 519 105 1,201,287 Acceptances 5,778 11,672 17,450 U. S. Government securities 72,700 6,983,545 12,952,065 1,587,127 1,013,614 1.414.897 24,023,908 HA.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 20. S. Govt, securities: Bought outrightBills Certificates Notes Bonds Total Held under repurchase agreement STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 9, 1955 (In thousands of dollars) Total Boston 20,171,352 991,838 832,159 52.325 21,003,511 1044,163 221,305 318,481 1,201,287 669 21,260 26,588 47,725 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran, 873,013 3651,135 858,151 335,369 798,004 146,337 44,856 23,850 40,012 5,407,431 1239,600 1826,106 1391,384 922,389 3797,472 903,007 359,219 838,016 770,163 2504,561 7,088 5,678 7,995 49,000 11,076 49,084 5,800 13,329 33,788 11,550 39,131 1 6 , 6 9 8 216,800 5,233,580 1182,373 1751,706 1324,754 173,851 33,914 60,621 349,800 57.227 23,292 17,784 59,495 607 74,400 7,523 33,182 98,775 66,630 12,312 17,912 33,250 49>376 37,077 28,906 74,850 20,244 47,573 171,695 16,163 34,115 62 742,993 2428,436 27,170 76,125 17,450 17,450 1,302,546 71,931 2,520,076 139,169 17,399,536 9 6 0 , 8 7 2 2.801,750 154,724 24,023,908 1326,696 67,234 76,738 79,276 111,945 331,035 640,465 153,376 216,583 148,469 130,082 4,422,005 1058,971 1495,368 1025,076 898,129 712,051 170,520 240,791 165.062 144,621 6,105,556 1462,143 2064,687 1415,345 1240,066 227,199 54,053 439,569 104,578 3034,949 722,046 488,701 116,267 116,267 4190,418 996,944 56,648 52,230 142,692 31,565 6 1 , 0 6 8 109,598 101,050 276,069 421,643 756,706 697,687 1906,084 67,895 121,848 112,344 306,926 306,926 582,171 1044,600 963,311 2631,771 Total U. S. Government securities 24.023,908 1326,696 6,105,556 1462,143 2064.687 1415,345 1240,066 4190,4l8 996,944 582,171 1044,800 963,311 2631,771 Total loans and securities 25,243,314 1374,421 6 , 4 7 2 , 8 0 6 1522,245 2163,462 1448,595 1314,916 4362,113 1031,059 631,233 1093,884 9 8 0 , 0 0 9 2848,571 1 122,340 1,576 4,058 1 2l4,6l8 1,942 8,193 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 3,948,522 59,720 174,763 1 313,248 5,672 9,464 1/ 6 2 6347700 2 3 2 , 5 2 2 7,594 5,094 43,221 10,312 2 341,340 5,518 15.106 1 320,555 4,980 10,189 1 3 309,230 644,389 4,275 6,108 9.592 31,748 1 197,887 3,411 6,962 1 215,043 3,427 7,263 2 402,65c 10,123 18,655 5 0 , 9 6 9 , 6 3 8 2794,817 12,660,293 3050,851 4392,239 3205,928 2626,386 8909,650 2165,578 1132,100 2174,510 1999,805 5857,481 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 9, 1955 (In thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston 26,412,576 1585,624 Federal Reserve notes Deposits: Member bank—reserve accts. 18,553>667 784,864 U.S.Treasxirez>-general acct. 616,571 45,817 Foreign 23,580 399,707 Other 2,410 Total deposits 19,958,373 3,424,755 Deferred avail, cash items Other liabilities and 21,010 accrued dividends TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments New York Phila. Cleve. Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran, 5,961,330 1792,980 2437,545 2000,286 1363,176 5092,585 1222,947 534,021 1044,532 722,896 2654,654 849,710 42,370 14,934 999 993,823 2638,798 31,016 20,045 18,471 40,504 1,075 44,093 5,198,038 858,699 1460,326 153,261 38,248 67,321 1/121,438 28,689 35,763 304,487 12,933 856,671 281,870 5,777,224 593,673 1,040 5,799 938,569 1569,033 234,851 279,433 1,136 2,141 Rich. Atlanta 802,205 882,993 2978,181 35,628 97,087 30,959 19,650 16,899 55,020 1,818 1,654 2,495^ 682,714 29,053 14,934 855,309 288,248 736,321 460,128 159,862 106,814 1,035 3131,942 937,338 : 272,094 518,916 979 3,588 769 423,316 25,766 9,825 759 908,013 1044,385 2743,440 175,336 175,121 338,537 857 863 2,044 49,816,714 2725,205 12*338,026 2967,536 4288,152 3144,878 2573,587 8747,031 2119,899 1101,722 2128,738 1943,265 5738,675 299,755 15,844 89,202 19,713 28,425 13,690 13,507 39,847 10,407 6,841 11,858 16,473 33,948 660,901 40,309 188,070 47,773 60,222 33,480 29,480 96,566 26,619 16,918 24,755 29,985 66,724 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 164,725 10.448 37.676 11,340 14.434 10,531 9,050 24.777 8,132 5.546 8.022 8.775 15.994 50,969,638 2794,817 12,660,293 3050,851 4392,239 3205,928 2626,386 8909,650 2165,578 1132,100 2174,510 1999,805 5857,481 28,832 2,638 1,716 2/8,583 2,088 121 2,602 324 1,430 11 1,230 81 4,004 1,087 715 1,087 2*101 1,344 2,946 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 27,219,006 1632,561 6,089,987 1856,215 2539,065 2046,644 1414,985 5182,042 1273,304 577,503 1069,459 762,357 2774,884 Collateral for F e R. notes: Gold certificates 11,413,000 640,000 2,670,000 725,000 1070,000 795,000 795,000 500,000 500,000 2400,000 2400,000 400,000 150,000 280,000 283,000 1500,000 725,000 1070,000 Eligible paper 49,000 49,084 272,669 47,725 — 59,495 — 33,250 — — 34,115 U. S. Govt, securities 16.935.000 1200,000 3.600,000 1200.000 1500.000 1300.000 1000.000 2900.000 910.000 500.000 800.000 525.000 1500.000 Total collateral 28,620,669 1887,725 6,270,000 1984,495 2570,000 2128,250 1500,000 5300,000 1344,115 699,000 1129,084 808,000 3000,000 1/ After deducting $278,244,000 participations of other Federal Reserve Banks. 2/ After deducting $20,249,000 participations of other Federal Reserve Banks,
@FedFRASER