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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release November 23, 1956 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of daily figures of member bank reserves for the week ending November 21 increased $315 million to $19,311 million. Estimated required reserves increased $233 million; and estimated excess reserves increased $82 million to $ 6 9 1 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $ 3 1 million; the week before they were $333 million less than member bank borrowings. The principal changes supplying average reserves were increases of $503 million in Federal Reserve float and $93 million in Federal Reserve holdings of U. S. Government securities, and a decrease of $105 million in "other" deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $28,2 million in member bank borrowings and an increase of $128 million in money in circulation. Total Reserve Bank credit increased $312 million. As of bought outright securities held borrowings were Wednesday, November 21, holdings of U. S. Government securities were $164 million higher than a week earlier, U. S. Government under repurchase agreement were $33 million higher, and member bank $231 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities— Bought outright--System account Held under repurchase agreement AcceptancesBought outright Held under repurchase agreement Loans, discounts, and a d v a n c e s Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Averages of daily figures For week ending Change from week ending Nov. 21, 1956 Nov. 14, 19561 Nov. 23, 1955 (In millions of dollars) 23,959 74 20 7 + 77 + l6 — - 1 +71 + 74 + 3 + 7 660 3 1,543 26/2SE 21,910 5,055 53,231 -282 - 1 +503 +312 -1 +312 -151 - 3 + 57 + 58 +223 +47 +325 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) 31,269 771 441 303 292 844 33,920 +128 - 2 - 5 - 18 -105 - l - 3 +445 - 12 - 91 - 92 -107 - 91 +53 Member bank reservesRequired reserves (estimated) Excess reserves (estimated) 19,311 18,620 691 +315 +233 + 82 +275 +152 +123 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 21,910 Treasury cash holdings 769 Treasury currency outstanding 5,055 Member bank) - Required (est.) 18,701 Money in circulation 31,380 reserves ) - Excess (est.) 589 On November 21, 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,566 million, a decrease of $59 million for the week and an increase of $24 million from the comparable date http://fraser.stlouisfed.org/ a year ago. Federal Reserve Bank of St. Louis R.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Nov. 14, Nov. 23, 1956 1955 Nov. 21, 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 Held under repurchase agreement U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 6,000 6,001 1 20,369,392 861,209 21,230,601 257,857 325,785 595,408 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 13,570 + + + + 231,039 5,793 225,246 32,868 807 1,076 220,626 2 + 200,489 74 21,084 3,857 1,000 3,202 + + 4,103 3,857 1,179,720 10,932,699 9,153,913 2,801,750 24,068,082 75,000 24,143,082 164,200 + 164,200 +_ 33,400 + 197,600 + + + 179,874 75,000 254,874 24,764,238 416,022 + 62,419 319,136 654 + + 996,797 733,055 + 174,017 +1,506,479 22 5,747,592 72,930 364,685 52,763,710 + + + 11,888 - 2,632 12,874 + +8,412,623 -8,245,623 12,500 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 26,997,832 + 163,110 + 417,974 19,290,021 391,779 300,158 279,052 20,261,010 4,224,907 22,996 51,506,745 + + + + 774,744 23,497 41,396 25,602 684,249 125,253 1,347 723,453 + 757,197 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 321,042 693,612 27,543 214,768 52,763,710 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 212 + 9,390 733,055 - 104,045 100,771 465,293 529,636 14 +1,415 17 + + 20,877 32,711 ± 37,474 +1,506,479 44.9% 52,342 2,172 87,088 + + .4$ 468 4 + 24,608 140 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 21, 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 http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Discounts and advances 589,469 5,855 84 -— 595,40# Industrial loans 1 67 459 280 -.. B07 Acceptances 9,728 15,213 ----24,941 U. S. Government securities ~ 6,309,399 5,878,020 9,153,913 373,279 1,013,614 1,414,857 24,143,082 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 21, 1956 St. Phila- Clever Richmond Atlanta Chicago Boston New York Louis delphia land (In thousands of dollars) H.4.1(b) Total A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 20,369,392 973,299 861,209 57,606 21,230,601 1030,905 Minneapolis Kansas City San Francisco Dallas 5,187,311 1080,275 1799,177 1357,552 875,736 3644,543 813,794 388,233 827,911 766,107 2655,454 181,233 61,087 75,862 74,380 49,656 157,037 42,107 23,038 41,856 5,368,544 1141,362 1875,039 1431,932 925,392 3801,580 855,901 411,271 869,767 26,391 70,956 792,498 2726,410 F.R. notes of other Banks Other cash 257,857 325,785 20,346 21,938 44,700 28,450 20,515 8,174 28,047 15,383 20,256 47,362 24,784 22,143 46,800 9,906 22,172 8,979 9,171 6,802 11,838 23,825 15,998 21,787 36,401 Discounts and advances Industrial loans Acceptances: Bought outright Held under rep. agree. U. S. Govt, securities: Bought outright-Bills Certificates Notes Bonds Total Held under rep. agree. 595,408 3,093 300 153,047 29,859 463 65,372 26,002 72,995 137,778 22,276 6,720 44 56,179 8,802 13,285 70,890 656,957 550,068 168,360 1446,275 102,038 945,602 791,749 242,332 2081,721 72,635 673,115 563,597 172,501 1481,848 807 67,865 21,084 3,857 21,084 3,857 64,844 296,909 1,179,720 10,932,699 600,927 2,751,520 9,153,913 503,154 2,303,839 2,801,750 154,001 705,139 24,068,082 1322,926 6,057,407 75,000 —— T 3 > 000 -"*** —— 60,661 562,148 470,685 144,063 1237,557 —— 205,827 1907,450 1597,102 488,827 4199,206 — —— 51,117 46,887 132,012 49,253 26,647 456,440 246,937 473,714 434,509 1223,380 382,176 206,759 396,639 363,813 1024,332 116,973 63,283 121,400 111,353 313,518 1004,842 543,626 1042,870 956,562 2693,242 —— —— —— Total U. S. Govt, sees. 24,143,082 1322,92b 6,132,407 1446,275 2081,721 1481,848 1237,557 4199,206 1004,842 Total loans & securities 24,764,238 1326,319 6,310,395 1476,597 2147,093 1507,850 1310,552 4336,984 1027,118 550,390 1099,049 965,364 2706,527 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 5,747,592 72,930 364,685 1 1/ 6 2 1 1 3 1 1 1 956,562 2693,242 1 2 506,861 1,048,121 345,477 552,479 422,458 417,419 960,325 231,848 146,307 270,023 283,400 562,874 3,638 10,994 4,826 7,892 7,213 4,407 5,897 4,329 4,833 4,291 9,264 5,346 8,114 15,479 15,408 40,649 19,768 90,936 21,467 31,327 22,191 19,185 65,289 14,872 52,763,710 2931,484 12,939,831 3038,696 4650,053 3427,284 2749,102 9239,021 2166,147 1139,066 2277,250 2100,132 6105,644 l/ After deducting $16,000 participations of other Federal Reserve Banks. 2 543,626 1042,870 — E.4.1(c) Total 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 STATEMENT Off CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 21, 1956 Phila CleveSt. Boston New York Richmond Atlanta Chicago delphla land Louis (In thousands of dollars) 26,997,832 1600,15k 6,267,638 1737,062 2529,704 2138,840 1334,680 5210,132 1191,722 Minneapolis Kansas City 493,063 1057,779 Dallas San Francisco 717,163 2719,895 19,290,021 889,866 5,372,434 905,775 1543,447 842,376 952,092 3033,751 697,221 462,763 923,016 1021,554 2645,726 36,758 18,241 21,848 21,418 36,921 38,464 52,591 25,106 12,540 39,900 10,830 16,815 1/ 96,643 20,520 25,935 14,535 2,625 1,418 7,951 3,438 200,547 13,052 957 2,385 20,261,010 946,877 5,687,865 961,195 1591,757 896,217 1005,721 3127,660 741,108 21,831 7,125 1,560 493,279 24,472 46,567 10,830 14,535 1,805 3,435 960,123 1086,091 47,562 29,950 39,879 2703,117 120,047 208,394 232,579 484,134 1,223 6,210 1,223 2,423 1,160 1,092 4,007 705 588 900 1,154 22,996 51,506,745 2857,504 12,594,081 2949,977 4537,437 3360,733 2690,651 9050,708 2117,037 1106,977 2227,196 2036,987 2,311 5969,457 391,779 300,158 279,052 4,224,907 309,250 632,368 250,497 413,553 324,516 349,158 716,909 183,502 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. 321,042 693,612 27,543 214,768 16,447 41,667 3,011 12,855 20,564 49,491 4,489 14,175 30,453 62,563 1,006 18,594 14,663 35,012 3,349 13,527 15,349 30,84i 762 11,499 43,352 101,894 1,429 33,638 10,982 27,649 521 9,958 7,105 17,586 1,073 6,325 12,902 17,953 33,847 1,307 10,038 38,929 71,275 2,140 23,843 52,763,710 2931,484 12,939,831 3038,696 4650,053 3427,284 2749,102 9239,021 2166,14? 1139,066 2277,250 2100,132 6105,644 52,342 2,172 3,086 F. R. notes outstanding 27,883,104 1644,749 Collat. for F. R. notes: Gold certificate acct. 11,668,000 580,000 -Eligible paper 108,018 U. S. Govt, securities 17,135,000 1200,000 28,911,018 1780,000 Total collateral l/ After deducting $203,490,000 participations 2/ After deducting $37,342,000 participations 92,343 195,827 7,319 50,26l 2/ 15,000 3,766 4,759 2,667 2,301 7,322 102 1,987 15 135 FEDERAL RESERVE AGENTS' ACCOUNTS 6,475,708 1825,499 2587,341 2183,962 1384,512 5303,214 1233,503 25,960 1,137 10,055 1,987 1,920 2,667 -- 5,492 -- 545,269 1090,152 762,097 2847,098 1,308 2,970,000 650,000 1090,000 945,000 450,000 2300,000 450,000 150,000 300,000 283,000 1500,000 -29,715 ----22,200 56,103 -— -3,600,000 1200,000 1550,000 1300,000 looo.ooo 3100,000 900,000 460,000 800,000 525,000 1500,000 6,570,000 1879,715 2640,000 2245,000 1450,000 5400,000 1372,200 610,000 1156,103 808,000 3000,000 of other Federal Reserve Banks. of other Federal Reserve Banks.
@FedFRASER