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H.4.1
BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM
For Immediate Release
November 17, 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 16 decreased $16 million to $18,883 million. Estimated Required reserves
decreased $66 million; and estimated Excess reserves increased $50 million to
$602 million. Member bank borrowings at the Federal Reserve Banks exceeded Excess
reserves by $571 million.
The principal changes reducing reserves were increases of $137 million
in Money in circulation, $131 million in Other deposits with Federal Reserve Banks,
$42 million in Treasury deposits with Federal Reserve Banks, and $16 million in
Foreign deposits with Federal Reserve Banks, The principal offsetting changes were
increases of $237 million in Federal Reserve float, $44 million in Federal Reserve
holdings of U. S, Government securities, and $30 million in Member bank borrowings;
total Reserve Bank credit increased $309 million.
As of Wednesday, November 16, holdings of U, S. Government securities
bought outright were $37 million lower than a week earlier and Member bank
borrowings were $653 million lower.
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
Gold stock
Treasury currency outstanding
Weekly Averages of Daily Figures
Week Ending
Change from Week Ending
Nov. 16, 1955 Nov. 9, 19551 Nov..17, 1954
(in millions of dollars)
24,018
50
17
- 6
+ 50
- 1
- 667
+
50
+ 17
1,173
1
1,013
26,272
21,686
5,008
52,966
+ 30
+1,086
— 184
+ 262
+ 564
23
+ 30
+ 571
——
+237
+309
- 1
+308
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)
30,794
774
613
400
564
938
34,083
+ 42
+ 16
+131
- 1
+324
+ 532
25
+ 216
25
+ 240
+
55
+ 995
Member bank reserve balancesRequired reserves (estimated)
Excess reserves (estimated)
18.883
18,281
602
— 16
- 66
+ 50
-, . 423,
- 142
- 281
+137
—w '
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
21,686
Treasury cash holdings
783
Treasury currency outstanding
5,008
Member bank) - Required (est.) 18,391
Money in circulation
30,743
reserves ) - Excess
(est.)
267
On November 16, 1955, U. S. Government securities held in custody by the
Federal Reserve Banks for foreign account were $3,540 million, a decrease of
$14 million for the week and an increase of $532 million from the comparable date
Digitizeda
for year
FRASERago.
H.4.1(a)
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(In thousands of dollars)
ASSETS
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
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
ACCOUNTS
CAPITAL
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
Ratio of gold certificate reserves to deposit
and F. R. note liabilities combined
Contingent liability on acceptances purchased
for foreign correspondents
Industrial loan commitments
Nov. 16,
1955
20,155,353
845,003
21,000,356
242,460
331,144
547,916
674
16,174
Change since
Nov. 17,
Nov. 9,
1954
1955
15,999
12,844
3,155
+
21,155
12,663
+
w
653,371
+
5
1,276
+
„
-
+
+
+
-
+
24,747
6,413
31,160
94,402
3,037
248,977
48
, 16,174
1,265,546
2,520,076
17,399,536
2,801,750
23,986,900
37,000
23,986,900
37,000
- 641,454
24,551,672
22
5,962,732
60,372
182,813
52,331,571
- 691,642
- 376,351
+2,014,210
652
+
+
8,050
+1,361,933
+ 930,782
+
5,961
- , 5,780
+ 620,891
26,406,228
6,348
+ 551,233
18,657,786
635,136
383,466
395,
20,071,
4,674,254
19,695
51,172,137
299,896
660,901
27,543
171,094
52,331,571
37,000
+
+
104,119
18,565
16,241
+
7,144
+ 113,507
+1,249,499
,M15.
+1,355 > 2 3
141
+
6,369
+1,361,933
- 641,454
-4,079,715
+4,370,515
- 290,800
- 6Ui,!i54
+
+
+
+
+
707,155
90,971
30,259
14,987
631,456
647,133
384
567,294
+
16,481
+
35,888
+
1.228
+ 620,891
45.2#
26,681
2,452
2,151
186
+
+
10,610
623
MATURITY DISTRIBUTION OF LOANS AND SECURITIES. NOVEMBER l6, 1955
(Acceptances and securities held under repurchase agreement are classified as
maturing within 15 days in accordance with maximum maturity of the agreements.)
v
Discounts and Industrial
U. S. Government
advances
loans
Acceptances
securities
Within 15 days
542,9158 ~
11
&7T55
169,100
1 6 days to 90 days
"4^953
33
9,419
6,850,145
91 days to 1 year
5
526
—
12,952,065
Over 1 year to 5 years
—
104
—
1,587,127
Over 5 years to 10 years
—
—
—
l,013,6l4
Over 10 years
-•»1,414,857
Digitized for Total
FRASER
547,916
674
16,174
23,906,900
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER l6, 1955
(In thousands of dollars)
H.4.1(b)
ASSETS
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
•DUUUti
Total
Held under repurchase
agreement
Total
Boston
20,155,353
1035,686
845,003
52,147
183,198
21,000,356 1087,833
4,997,717
242,460
331,144
547,916
674
21,263
26,598
25,575
New York
Phila.
Cleve,
Rich. Atlanta Chicago St.Louis
4,814,519 1199,952 1763,144 1347,996
51,445
68,039
66,775
58,900
76,123
65,751
1258,852 1839,267
1413,747
23,954
17,965
30,030
613
9,026
36,401
30,650
881,107
Mpls. Kans.Cy.
Dallas SanFran.
3718,937
888,216
377,253
815,532
754,187
2558,82%
49,213 146,051
44,774
23,815
41,947
27,114
75,97C
930,320 3864,988 932,990 401,068 857,479 781,301 2634,79%
8,207 16,022 28,751
9,189
12,727 35,729 20,771
5,370
18,803 26,370 48,971 16,489 7,762 11,269 12,591 39,886
7,696 105,90c
37,150 48,975 100,795 10,950 16,510 66,910
61
16,174
16,174
30,669 55,038 50,746 138,63s
321,632 77,024 108,765 74,558 65,324 220,745 52,
1,265,546 69,888
2,520,076 139,169 640,465 153,376 216,583 148,469 130,082 439,569 104,578 61,068 109,598 101,050 276,06s
17,399,536 960,872 4,422,005 1058,971 1495,368 1025,076 898,129 3034,949 722,046 421,643 756,706 697,687 1906,08%
23,986,908 1324,653 6,096,153 1459,891 2061,507 1413,165 1238,156 4183,964 995,409 581,275 1043,190 961,827 2627,716
Kj
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JLCLJ., W W
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9
J*T*T
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Total U. S. Government
securities
23,986,908 1324,653
Total loans and securities
24,551,672 1350,228 6,179,102 1490,534 2092,157 1450,315 1287,131 4284,759 1006,359 597,846 1110,100 969,523 2733,6l£
Due from foreign banks
{^collected cash items
Bank premises
Other assets
TOTAL ASSETS
6,096,153 1459,891 2061,507 1413,165 1238,156 4183,964 995,409 581,275 1043,190
22
1
1/ 6
2
2
1
1
3
5,962,732 455,266 1,2037563 336,404 600,234 435,962 409,217 1033,515
60,372
5,672
7,720
5,094
5,672
4,980
4,275
6,108
182,813 9,863
44,985
10,791 15,622 10,666
10,007 33,171
1
1
151,640
3,411
1,851
7,304
4,327
265,807
1
961,827
1
2627,7l£
2
268,126 270,339 532,655
3,427
2,039
10,123
7,669
8,820 19,582
52,331,571 2956,724 12,552,577 3143,596 4598,381 3347,201 2703,050 9292,286 2241,550 1169,865 2266,278 2060,636 5999,427
l/ After deducting $16,000 participations of other Federal Reserve Banks.
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 16, 1955
(in thousands of dollars)
H.4.1(c)
Total
L I A B I L I T I E S
Boston
New York
Phila.
Cleve.
Rich. Atlanta Chicago St.Louis
Mpls. Kans.Cy.
Dallas SanFran.
26,406,228 1590,180 5,947,253 1794,745 2442,347 2004,758 1354,786 5101,778 1223,819 531,655 1041,634 721,963 2651,310
Federal Reserve notes
Deposits:
Member bank-reserve accts. 18,657,786 838,629 4,942,719 921,299 1486,252 831,551 890,021 3115,585 707,508 434,307 898,969 985,298 2605,648
51,853 45,875 69,842
99,811 42,840 63,072 48,511 43,735 67,291 32,194 34,909
U.S.Treasurer-general acct. 635,136 35,203
17,766 38,959
14,364
9,450
18,900
16,254
52,920
14,364
22,680
1/115,817
27,594
34,398
383,466
Foreign
938 45,519
1,893
1,083
1,997
1,618
1,449
7,158
Total deposits
20,071,960 898,814 5,473,830 1002,286 1589,301 900,959 951,628 3237,245 761,224 479,749 967,079 1049,877 2759,968
801,836 261,788 460,132 379,119 342,460 786,290 209,975 127,422 210,723 231,042 466,623
Deferred avail, cash items 4,674,254 396,844
Other liabilities and
811
977
2,014
658
521
1,051
3,130
989
5,524
1,073
1,963
984
accrued dividends
19,695
TOTAL LIABILITIES
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
51,172,137 2886,822 12,228,443 3059,892 4493,743 3285,825 2649,925 9128,443 2195,676 1139,347 2220,247 2003,859 5879,915
6,845 11,858 16,473 33,950
89,249 19,714 28,442 13,690 13,513 39,904 10,408
299,896 15,850
188,070 47,773 60,222 33,480 29,480 96,566 26,619 16,918 24,755 29,985 66,724
660,901 40,309
1,073
1,137
1,307
2,140
1,429
521
3,011
7,319
4,489
1,006
3,349
762
27,543
16,698
9,012
5.682
8,281
25.944
8,326
10,732
39,496
11.728
14.968
10,857
9,370
171,094
52,331,571 2956,724 12,552,577 3143,596 4598,381 3347,201 2703,050 9292,286 2241,550 1169,865 2266,278 2060,636 5999,427
Contingent liability on
acceptances purchased
for foreign correspondents
industrial loan commitments
26,681
2,452
1,590
—
2/7,919
1,934
116
2,411
324
1,325
11
1,139
81
3,710
1,007
663
1,007
1,920
1,246
2,730
FEDERAL RESERVE AGENTS* ACCOUNTS
F, R, notes outstanding
Collateral for F.R. ndtes:
Gold certificates
Eligible paper
U e S. Govt, securities
Total collateral
27,320,810 1637,472 6,147,114 1856,885 2549,272 2057,838 1416,500 5194,663 1275,580 577,359 1068,529 761,261 2778,337
795,000 500,000 2400,000
2400,000 425,000 150,000 280,000 283,000 1500,000
11,438,000 640,000 2,670,000 725,000 1070,000 795,000
30,030
—
37,150
—
—
10,950 16,510 66,910
187,125 25,575
16,985',000 1200",000 3.600,000 1200,000 1550.000 1300,000 1000,000 2900,000 910,000 500,000 800*000 525,000 1500,000
28,610,125 1865,575 6,270,000 1955,030 2620,000 2132,150 1500,000 5300,000 1345,950 666,510 1146,910 808,000 3000,000
*\
•gf
j/ After deducting $26^,624,000 participations of other Federal Reserve Banks.
After deducting $18,762,000 participations of other Federal Reserve Banks.
@FedFRASER