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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) November 18, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items . . During the week ended November 17, Member bank reserves decreased $ 5 million. The principal changes reducing reserves were increases of $331 million in Treasury deposits with Federal Reserve Banks and $132 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $352 million in Reserve Bank credit and decreases of $45 million in Money in circulation and $18 million in Foreign deposits with Federal Reserve Banks. The increase of $352 million in Reserve Bank credit resulted from increases of $463 million in Float and $6 million in Loans, discounts and advances, and a decrease of $117 million in U. S. Government securities bought outright. The decrease in U. S. Government securities bought outright was in holdings of bills. Member Bank Reserves and Related Items Nov. 17, 1954 Change since Nov. 10, Nov. 18, 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities-Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 24,628 -117 -330 300 1,005 25,933 21,709 4,979 + 6 +463 +352 4- 1 -297 + 72 -554 -367 +101 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) 30,233 802 544 414 381 882 - 45 + 1 +331 - 18 +132 - 2 -254 + 16 + 41 - 5 - 17 + 77 Member bank reserves 19,365 - 45 -679 18,437 928 +252 -297 -750 + 71 984 87 -205 +252 -311 Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks - " - 5 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,008 million, a decrease of $17 million for the week and an increase of $323 million from the comparable date a year ago, H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands pf dollars) Change since Nov. 10, Nov. 18, 1954 1953 Nov. 17, 1954 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 U. S. Government securities: Bought outright-* Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,180,100 851,416 21,031,516 148,058 328,107 298,939 722 • + + + + + 5,002 10,000 4,998 9,024 12,923 6,186 50 1,907,000 117,000 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 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 •» — — 24,620,362 - 117,000 - 329,312 24,928,023 - 110,864 - 626,314 5,031,950 54,411 188,593 51,710,680 +1,352,531 + 211 + 8,129 +1,276,952 + + - 328,938 4,256 46,440 723,841 25,854,995 17,798 - 355,957 19,364,941 544,165 413,725 380,585 20,703,416 4,027,121 19411 50,604,843 45,345 + 330,733 17,906 + 131,232 + 398,714 + 889,796 : 3 + 678,646 41,348 5,651 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 - 361^685 17,529 5,067 295,323 1,679 117,000 — — 3,092,550 24,628,362 - - 259,312 + 748,250 — 244,650 573,600 - 329,312 6,599,791 13,029,021 - 363,001 + 1,316 - 17,076 - 660,025 +1,270,709 - 1,870 760,976 593 + 20,266 + 40,337 169,866 51,710,680 + 5.650 +1,276,952 - 23,468 723,841 45.2# .356 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments •November 10 figure revised 283,415 625,013 27,543 16,071 1,829 + + + 256,876 1,328 50* .2$ 3,755 1,398 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 17, 1954 (Securities held under repurchase agreement are classified as maturing TeitoMn 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 150,238 28,635 120,066 298,939 Industrial loans 2 226 463 31 722 U. S. Government securities 390,000 12,721,750 2,767,391 6,320,750 1,013,614 1.414.857 24,628,362 H.4.l(b) A S S E T S Gold certificates Redemption fund for F. R. notes STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 17, 1954 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Dallas SanFran, 20,180,100 1039,868 5,334,158 1195,08l 1729,594 1144,442 918,529 3596,727 821,348 408,225 811,965 813,884 2366,279 851,416 49,879 174,884 55,330 75,383 75,993 54,166 144,389 Total gold certificate reserves F.R. notes of other Banks Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Mpls. Kans.Cy. 47,287 24,685 39,884 28,879 80,657 868,635 432,910 851,849 842,763 148,058 328,107 298,939 722 8,907 20,321 12,345 —— 38,706 66,792 56,250 —— 5,894 16,380 31,675 6^ 6,193 33,528 24,575 11,205 17,743 11,515 —— 19,730 26,889 33,645 —— 18,225 54,284 48,713 —— 7,715 19,592 9,180 2,723 8,394 5,325 78 7,082 11,763 32,192 8,278 14,041 11,554 13,400 38,380 21,970 - - 1,907,000 105,225 487,109 116,056 163,443 112,318 97,125 333,378 79,799 79,799 6,599,791 364,163 1,685,798 401,650 565,648 388,715 336,133 1153,763 276,168 13,029,021 718,915 3,328,029 792,921 1116,679 767,383 663,582 2277,707 545,199 3,092,550 170,641 789,936 188,206 265,053 182,145 157,507 540,633 129,408 24,628,362 1358,944 6,290,872 1498,833 2110,823 1450,561 1254,347 4305,481 1030,574 ' ' 511,962 319,953 562,124 75,944 133,425 121,519 338,133 604,79% 1062,566 967,747 2692,816 Total U. S. Government securities 24,628,362 1358,944 6,290,872 1498,833 2110,823 1450,561 1254,347 4305,481 1030,574 604,798 1062,566 Total loans and securities 24,928,023 1371,289 6,347,122 1531,152 2135,398 1462,076 1287,992 4354,194 1039,754 610,201 1094,758 979,301 2714,786 1 1 142,572 1 232,442 1 229,787 2 467,469 4,518 8,329 8,091 20,469 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 5,031,950 1 441,404 188,593 10,316 54,411 5,896 / 6 991,106 2 293,281 2 455,459 1 406,863 1 350,589 47,231 11,317 16,185 11,093 10,346 7,263 5,162 5,084 4,531 3,906 3 1 815,070 205,908 6,318 32,618 2,844 8,080 46,830 82,275 74,934 74,934 208,508 162,071 284,742 259,332 721,608 1,019 2,453 967,747 2692,816 1,085 8,850 51,710,680 2947,881 13,007,268 3113,599 4456,826 3133,947 2672,148 9021,828 2152,529 1202,338 2208,677 2083,347 5710,292 l/ After deducting $16,000 participations of other Federal Reserve Banks. L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 17, 1954 (In thousands of dollars) Total Boston Federal Reserve notes 25,854,995 1583,265 Deposits: Member bank-reserve accts. 19,364,941 877,730 U.S.Treasurer-general acct. 544,165 41,311 Foreign 413,725 24,827 Other 380,585 4,379 New York Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,801,987 1804,158 2380,712 1840,459 1369,438 4994,867 1159,909 582,952 1011,983 743,860 2581,405 5,640,294 96,990 1/124,736 295,181 Phila. Cleve. Rich. Atlanta 905,984 1493,083 847,660 904,501 3097,970 726,402 428,592 918,794 1042,772 2481,159 57,942 30,118 9,426 42,613 37,444 15,724 37,854 20,757 224,124 1588,864 384,871 908,646 325,485 969 1,875 869 1 H.4.1(c) 39,733 17,501 673 60,736 56,573 33,768 15,466 23,156 10,175 28,267 15,466 24,852 19,129 56,943 41,533 20,703,416 4,027,121 948,247 348,023 6,157,201 729,250 19,311 880 6,441 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,604,843 2880,415 12,694,879 3032,721 4356,322 3075,459 2622,011 8866,973 2108,401 1173,268 2165,196 2031,827 5597,371 88,926 18,751 26,784 12,536 12,114 36,718 283,415 14,921 9,756 6,163 10,652 14,417 31,677 625,013 38,779 176,633 57,648 45,909 31,750 28,034 90,792 25,465 16,219 23,456 28,146 62,182 4,489 1,006 27,543 3,011 3,349 762 2,140 7,319 1,429 521 1,073 1,137 1,307 169,866 10,755 15,066 10,853 11,729 9,227 39,511 25,916 8,386 5,615 8,236 7,650 16,922 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments O Total deposits Deferred avail, cash items Other liabilities and accrued dividends 962,408 3219,024 782,583 463,692 967,445 1087,372 : 2614,464 289,234 650,213 165,240 126,148 185,075 199,726 399,732 931 2,869 669 476 693 869 1,770 51,710,680 2947,881 13,007,268 3113,599 4456,826 3133,947 2672,148 9021,828 2152,529 1202,338 2208,677 2083,347 5710,292 16,071 1,829 976 2/4,711 1,184 397 1,472 598 816 39 688 108 2,224 18 608 400 608 669 752 1,632 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,739,713 1624,994 6,007,068 1872,313 2485,168 1889,307 1425,475 5085,748 1207,694 619,260 1037,474 784,052 2701,160 11,093,000 640,000 2,670,000 800,000 1000,000 625,000 485,000 2400,000 355,000 175,000 280,000 283,000 1380,000 52,237 1,060 17,985 --2,080 --2,150 700 25,162 3,100 16,965,000 1200,000 3,600,000 1200,000 1500,000 1300,000 1000,000 2800,000 920,000 500,000 800,000 525,000 1620,000 28,110,237 1841,060 6,270,000 2017,985 2500,000 1927,080 1485,000 5200,000 1277,150 675,700 1105,162 808,000 3003,100 l/ After deducting $288,970,000 participations of other Federal Reserve Banks. 2/ After deducting $11,360,000 participations of other Federal Reserve Banks.
@FedFRASER