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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate R e l e a s e ) November 12, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and R e l a t e d Items During t h e week ended November 10, Member bank r e s e r v e s i n c r e a s e d $412 m i l l i o n . The p r i n c i p a l changes s u p p l y i n g r e s e r v e s were d e c r e a s e s of $35^ m i l l i o n i n T r e a s u r y d e p o s i t s w i t h F e d e r a l Reserve Banks and $167 m i l l i o n i n Other d e p o s i t s w i t h F e d e r a l Reserve Banks, and an i n c r e a s e of $86 m i l l i o n i n Reserve Bank c r e d i t . The p r i n c i p a l o f f s e t t i n g changes were an i n c r e a s e of $140 m i l l i o n i n Money i n c i r c u l a t i o n and a d e c r e a s e of $50 m i l l i o n i n Gold s t o c k . The i n c r e a s e of $86 m i l l i o n i n Reserve Bank c r e d i t r e s u l t e d from i n c r e a s e s of $238 m i l l i o n i n F l o a t and $100 m i l l i o n i n U. S. Government s e c u r i t i e s bought o u t r i g h t , and d e c r e a s e s of $226 m i l l i o n i n Loans, d i s c o u n t s and advances and $25 m i l l i o n i n U. S . Government s e c u r i t i e s h e l d under r e p u r c h a s e agreement. Holdings of U. S . Government s e c u r i t i e s bought o u t r i g h t r e f l e c t e d an i n c r e a s e of $100 m i l l i o n i n b i l l s . Member Bank Reserves and R e l a t e d Items Nov. 10, 1954 Change s i n c e Nov. 3, Nov. 11, 1954 1953 ( i n m i l l i o n s of d o l l a r s ) Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s - Bought o u t r i g h t Held under r e p u r c h a s e agreement Loans, d i s c o u n t s and advances Float Total Gold s t o c k Treasury currency outstanding 24,745 — 294 542 25,581 21,709 4,978 +100 - 25 -226 +238 + 86 - 50 + 1 -213 -165 - 73 - 80 -530 -368 +100 Money i n c i r c u l a t i o n Treasury cash h o l d i n g s Treasury d e p o s i t s w i t h F . R. Banks F o r e i g n d e p o s i t s w i t h F . R. Banks Other d e p o s i t s w i t h F . R. Banks Other F . R. a c c o u n t s ( n e t ) 30,278 801 213 432 249 884 +140 -354 + 7 -167 - 2 -262 + 17 -109 - 17 -285 +76 Member bank r e s e r v e s 19,410 +412 -220 18,185 1,225 + 17 +395 -84l +621 1,189 92 +537 - 78 +421 -304 Required r e s e r v e s ( e s t i m a t e d ) Excess r e s e r v e s ( e s t i m a t e d ) Daily averages f o r p e r i o d - E s t i m a t e d e x c e s s r e s e r v e s of member banks Member bank borrowings a t F . R. Banks U. S . Government s e c u r i t i e s h e l d i n c u s t o d y by t h e F e d e r a l Reserve Banks f o r f o r e i g n a c c o u n t were $3,025 m i l l i o n , a d e c r e a s e of $19 m i l l i o n f o r t h e week and an i n c r e a s e of $364 m i l l i o n from t h e comparable d a t e a y e a r a g o . H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) Change s i n c e Nov. 3, Nov. 11, 1954 1953 Nov. 10, 1954 A S S E T S Gold c e r t i f i c a t e s Redemption f u n d f o r F . R. n o t e s T o t a l gold c e r t i f i c a t e r e s e r v e s F. R. n o t e s of o t h e r Banks Other cash Discounts and advances I n d u s t r i a l loans U. S. Government s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates Notes Bonds T o t a l bought o u t r i g h t Held under r e p u r c h a s e agreement T o t a l U. S. Government s e c u r i t i e s 20,185,102 841,4l6 21,026,518 139,034 315,184 292,753 772 + 50,000 2,384 52,384 8,781 11,623 226,571 39 + 100,000 - - + - 2,024,000 6,599,791 13,029,021 3,092,550 24,745,362 - + - - 24,745,362 + 25,038,887 - 100,000 25,000 75,000 - 151,532 22 3,679,419 54,200 180,464 50,433,728 + + + 8,684 366,665 21,669 647 71,867 - — + 358,001 1,548 - + - - - T o t a l l o a n s and s e c u r i t i e s Due from f o r e i g n banks U n c o l l e c t e d cash items Bank premises Other a s s e t s TOTAL ASSETS - 142,312 748,250 244,650 573,600 212,312 165,000 377,312 450,727 —«» - - - 121,001 37 7,387 43,736 4,157 + + 43,343 - 78,333 - 833 884 L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member "bank—reserve a c c o u n t s U. S. T r e a s u r e r — g e n e r a l account Foreign Other Total deposits D e f e r r e d a v a i l a b i l i t y cash items Other l i a b i l i t i e s and a c c r u e d d i v i d e n d s TOTAL LIABILITIES 25,872,793 + 133,627 - 364,848 19,410,286 213,432 431,631 249,353 20,304,702 3,137,325 lft3lj» 49,334,134 + + - 412,338 354,051 7,009 166,453 101,157 - 219,262 116,890 + 2 ~ 90 64,510 - 284,944 629,717 123,497 2,427 873,495 C A P I T A L ACCOUNTS Capital paid in S u r p l u s ( S e c t i o n 7) Surplus ( S e c t i o n 13b) Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS 625,013 27,543 164,216 50,433,728 + + 19,835 40,337 5,706 78,333 45.5# .2$ ,1# 3.4,711.3 1,7$9 JL_ 531 6,226 1,302 R a t i o of gold c e r t i f i c a t e r e s e r v e s t o d e p o s i t and F. R. n o t e l i a b i l i t i e s combined Contingent l i a b i l i t y on a c c e p t a n c e s purchased f o r foreign correspondents I n d u s t r i a l loan commitments ^November 3 f i g u r e r e v i s e d - 282,822 471 - - - : 108,245 17,266 20,561 833,884 20* MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 10, 1954 ( S e c u r i t i e s h e l d under r e p u r c h a s e agreement a r e c l a s s i f i e d a s maturing w i t h i n 15 days i n accordance w i t h maximum m a t u r i t y of t h e a g r e e m e n t s . ) Within 15 days l 6 t o 90 days 91 days t o 1 year Over 1 year t o 5 y e a r s Over 5 y e a r s t o 10 y e a r s Over 10 y e a r s Total Discounts and advances 109,291 63,429 120,033 Industrial loans 2 138 600 32 292,753 772 U. S . Government securities 179,700 9,126,850 6,689,591 6,320,750 1,013,614 1.414.857 24,745,362 H.4.1(b) A S S E T S Gold c e r t i f i c a t e s Redemption f u n d f o r F . R. n o t e s T o t a l gold c e r t i f i c a t e reserves F.R. n o t e s of o t h e r Banks Other cash D i s c o u n t s and advances I n d u s t r i a l loans U. S. Govt, s e c u r i t i e s : Bought o u t r i g h t — Bills Certificates Notes Bonds Total Held under r e p u r c h a s e agreement STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 10, 1954 ( I n thousands of d o l l a r s ) Total Boston 20,185,102 994,022 84i,4l6 49,879 21,026,518 1043,901 139,034 315,184 292,753 772 9,200 20,456 16,235 2,024,000 6,599,791 13,029,021 3,092,550 111,681 364,163 718,915 170,641 " New York Phila. Cleve. Rich. 5,256,459 1168,264 1668,429 1345,491 174,884 55,330 75,383 65,993 5 , 4 3 1 , 3 4 3 1223,594 1743,812 1411,484 6,497 16,378 29,840 693 35,935 59,778 55,950 — 516,994 1,685,798 3,328,029 789,936 4,956 32,024 24,975 11,304 17,103 12,515 Atlanta 119,209 388,715 767,383 182,145 Mpls, Kans.Cy. D a l l a s SanFran. 927,485 3621,894 799,291 442,143 835,343 144,389 47,286 24,686 39,884 981,651 3766,283 846,577 466,829 875,227 7,440 18,965 8,150 2,444 8,541 5,475 79 5,097 10,695 33,852 49,704 162,071 319,953 75,944 87,323 284,742 562,124 133,425 79,531 221,300 259,332 721,608 511,962 1424,567 121,519 338,133 54,166 18,051 28,286 27,955 — 123,176 173,471 401,650 565,648 792,921 1116,679 188,206 265,053 Chicago S t . L p u i s 17,185 53,917 49,471 " 103,084 353,832 336,133 1153,763 663,582 2277,707 157,507 540,633 84,695 276,168 545,199 129,408 789,159 2337,122 28,879 80,657 818,038 2417,779 6,756 13,084 8,965 - - 14,169 35,957 19,370 " T o t a l U. S. Government securities 24,745,362 1365,400 6,320,757 1505,953 2120,851 1457,452 1260,306 4325,935 1035,470 607,672 1067,614 972,344 2705,608 T o t a l l o a n s and ~ securities 25,038,887 1381,635 6,376,707 1536,486 2145,826 1469,967 1288,261 4375,406 1043,620 613,226 1101,466 981,309 2724,978 1 114,479 1,015 4,328 l 186,935 1,085 7,567 Due from f o r e i g n banks U n c o l l e c t e d cash items Bank premises Other a s s e t s TOTAL ASSETS 22 3,679,419 54,200 180,464 1 284,474 5,896 9,808 1/ 6 6337886 7,263 45,376 2 235,720 5,162 10,864 2 315,627 5,084 15,400 1 321,170 4,530 10,681 1 276,474 3,906 9,819 3 594,778 6,318 31,321 1 167,382 2,844 7,751 1 190,756 2,451 8,003 2 357,738 8,646 19,546 50,433,728 2755,371 12,590,294 3034,703 4262,731 3246,240 2606,449 8845,211 2094,580 1210,863 2193,696 2014,775 5578,815 l / A f t e r d e d u c t i n g $16,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. H.4.1(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 10, 1954 ( I n thousands of d o l l a r s ) Total Boston 25,872,793 1581,176 F e d e r a l Reserve n o t e s Deposits: Member b a n k - r e s e r v e a c c t s . 19,410,286 814,384 U.S. T r e a s u r e r - g e n e r a l a c c t 213,432 539 Foreign 431,631 25,925 Other 249,353 4,338 New York Phila. Cleve. Rich. Atlanta Chicago S t . L o u i s Mpls. Kans.Cy. D a l l a s SanFran. 5,799,792 1804,663 2381,026 1840,508 1373,612 4994,764 1162,167 584,089 1013,708 745,388 2591,900 5,688,411 900,728 1461,312 861,033 918,514 3121,975 715,691 477,987 938,243 1034,088 2477,920 2,277 20,053 503 1,580 560 1,038 510 184,634 560 586 592 10,625 16,150 19,975 43,369 1/129,862 31,450 39,100 21,675 18,275 59,075 16,150 1,581 6,483 1,845 34,112 159.671 10,250 7,941 2,647 1,381 9,193 9,911 Total deposits D e f e r r e d a v a i l , c a s h items O t h e r l i a b i l i t i e s and accrued dividends 20,304,702 3,137,325 TOTAL LIABILITIES Capital paid in Surplus (Section 7) S u r p l u s ( S e c t i o n 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,334,134 2688,156 12,279,647 2954,200 4162,791 3188,001 2556,606 8691,577 2050,663 1181,921 2150,480 1963,456 5466,636 9,744 6,160 10,639 14,420 31,612 88,677 18,719 26,777 12,535 12,076 36,547 282,822 14,916 625,013 38,779 176,633 45,909 57,648 31,750 28,034 90,792 25,465 16,219 23,456 28,146 62,182 2,140 1,006 3,349 762 1,429 521 1,073 1,137 1,307 27,543 3,011 7,319 4,489 8,971 24,866 8,187 5,490 7,984 7,446 16,245 164,216 10,509 38,018 11,386 14,509 10,605 C o n t i n g e n t l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents I n d u s t r i a l l o a n commitments 845,186 5,978,504 943,466 1508,863 1069,989 938,730 3190,829 742,344 492,470 980,929 1056,411 2556,981 260,812 495,245 205,049 271,107 276,543 243,367 503,028 145,415 104,887 155,067 160,906 315,899 982 19,314 6,106 1,795 961 897 2,956 737 475 776 751 1,856 50,433,728 2755,371 12,590,294 3034,703 4262,731 3246,240 2606,449 8845,211 2094,580 1210,863 2193,696 2014,775 5578,815 903 14,743 1,7^9 2/4,235 1,095 3f7 1,362 598 755 39 636 108 M FEDERAL RESERVE AGENTS' ACCOUNTS 1 F . R. n o t e s o u t s t a n d i n g C o l l a t e r a l f o r F.R. notes: Gold c e r t i f i c a t e s E l i g i b l e paper U. S . Govt, s e c u r i t i e s Total collateral 1,022 26,716,21* 1622,776 562 5,964,996 1872,719 2484,275 1886,846 1427,275 5093,991 1206,902 11,093,000 640,000 2,670,000 53,472 4,950 16.965,000 1200,000 2,057 18 800,000 1000,000 625,000 485,000 24oo,ooo 355,000 1,120 3,080 16,150 3,600,000 1200,000 1500,000 1300,000 1000,000 2800,000 920,000 370 562 669 619,689.1038,886 696 1,510 784,298 2713,559 175,000 280,000 283,000 1380,000 850 26,822 500 500,000 800,000 525,000 1620,000 28,111,472 1844,950 6,270,000 2016,150 2500,000 192b,080 1485,000 5200,000 1276,120 675,850 1106,822 808,000 3000,500 1 / A f t e r d e d u c t i n g $301,750,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 2 / A f t e r d e d u c t i n g $ 1 0 , 5 0 8 , 0 0 0 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. > I J
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