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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release November 25, 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 23 increased $153 million to $19,036 million. Estimated Required reserves increased $139 million; and estimated Excess reserves increased $14 million to $615 million. Member bank borrowings at the Federal Reserve Banks exceeded Excess reserves by $196 million. The principal changes increasing reserves were an increase of $473 million in Federal Reserve float, and decreases of $165 million in Other deposits with Federal Reserve Banks and $81 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $362 million in Member bank borrowings and $180 million in Federal Reserve holdings of U. S. Government securities, and an increase of $30 million in Money in circulation. Total Reserve Bank credit decreased $64 million. As of Wednesday, November 23, holdings of U. S, Government securities bought outright were $99 million lower than a week earlier and Member bank borrowings were $240 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 Acceptances—Bought outright Loans, discounts and advances— Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Weekly Averages of Daily Figures Week Ehding Change from Week Ending Nov. 23, 1955 Nov. 16, 1955jNov. 24, 1954 (In millions of dollars) 23,888 — — 17 -130 - 50 — — 811 6 1,486 26,208 21,687 5,008 52,903 - 63 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) 30,824 783 532 395 399 935 33,867 + 30 + 9 - 81 - 5 -165 - 3 -216 Member bank reserve balances— Required reserves (estimated) Excess reserves (estimated) 19.036 18,421 615 +153 +139 + 14 -362 + 5 +473 - 64 + 1 — 665 ~ + 17 + 690 174 + 440 + 308 — 22 + 28 + 314 - + 506 17 44 14 - — - — + + — — 53 484 169 103 66 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 21,687 Treasury cash holdings 777 Treasury currency outstanding 5,008 Member bank) - Required (est.) 18,378 Money in circulation 30,945 reserves ) - Excess (est.) 2.55 On November 23, 1955, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,542 million, an increase of $2 million for the week and an increase of $526 million from the comparable date a year ago. 8.4,1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Nov. 24, Nov. 16, 1954 1955 Nov. 23, 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 20,138,353 867,002 21,005,355 224,989 323,153 795,897 733 16,981 17,000 - 21,999 + + - + + + 1,166,846 59 807 98,700 2,520,076 17,399,536 2,801,750 23,888,208 4,999 17,471 7,991 247,981 — - — — - 98,700 *» «* + + - + + + - •» •» 98,700 665,154 150,147 289,359 24,701,819 22 4,750,795 60,430 190,668 51,257,231 -1,211,937 + 58 + 7,855 -1,074,340 + + 26,579,858 + 173,630 + 18,532,824 124,962 156,269 + 20,737 15,749 276,243 978,983 787 -1,080,809 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 404,203 379,823 19,795,717 3,695,271 20,482 50,091,328 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 300,165 660,901 27,543 177,294 51,257,231 478,867 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 45.3# 27,734 2,312 + 37,751 13,125 24,626 96,339 3,598 358,590 224 16,981 665,154 -4,079,715 +4,370,515 • 290,800 665,154 m 23,888,208 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS - w — w mm * - • • + 269 844,530 6,093 6,550 + 622,829 569,921 386,897 59,016 + 3,888 + 16,955 425,070 + 424,612 • 648 - - + 568,815 + + 35,888 + + 1,830 622,829 16,296 «. mm + 6,200 + .1$ + 1,053 140 -1,074,340 - .256 • + + 9,862 272 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 23, 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 advances 709,719 6,130 48 795,897 Industrial loans 12 33 584 104 733 Acceptances 7,412 9,569 16,981 U. S. Government securities 119,700 6,800,845 12,952,065 1,587,127 1,013,614 1,414,857 23,88b,208 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 23/ 1*955* (in thousands of dollars) H.4.1(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 U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Total U. S. Government securities Total Boston 20,138,353 976,372 867,002 52,147 New York Phila, Cleve. Rich. Atlanta Chicago St.Louis 5,181,984 1176,962 1785,609 1311,870 874,736 3636,390 183,198 60.900 76,123 75,750 49,213 156,051 872,106 44,774 Mpls. Kans.Cy. Dallas SanFran. 326,304 803,258 717,317 2475,445 23,815 41,947 27,114 75,970 21,005,355 1028,519 5,365,182 1237,862 1861,732 1387,620 923,949 3792,441 916,880 350,119 845,205 744,431 2551,415 224,989 323 153 795,897 733 16,981 1,166,846 2 520,076 17,399,536 2.801.750 23,888/208 17,985 39,483 24,227 64,307 22,905 229,696 __ -- — 17,120 18,651 43,894 672 7,386 32,890 29,418 -- 17,156 39,983 21,284 61,694 100,170 19,884 28,891 -- -- 43,775 47,661 -- 9,590 17,913 25,954 -- 5,211 7,683 50,046 6l 7,257 11,563 79,700 18,398 24,136 32,921 75,724 12,219 37,264 16,981 64,437 296,548 71,017 100,282 68,743 60,230 203,530 48,422 28,277 50,746 46,788 127,826 139,169 640,465 153,376 216,583 148,469 130,082 439,569 104,578 61,068 109,598 101,050 276,069 960,872 4,422,005 1058,971 1495,368 1025,076 898,129 3034,949 722,046 421,643 756,706 697,687 1906,084 154,724 . 712,051 170,520 240.791 165,062 144,621 488,701 116,267 67,895 121,848 112,344 306,92 1319,202 6,071,069 1453,084 2053,024 1407,350 1233,062 4166,749 991,313 578,883 1038,898 957,869 2616,905 23,888,208 1319,202 6,071,069 1453,884 2053,024 1407,350 1233,062 4166,749 991,313 578,883 1038,898 957,869 2616,905 Total loans and securities 24,701,819 1342,107 6,317,746 1498,450 2082,442 1451,125 1294,756 4266,919 1017,267 628,990 1118,598 990,790 2692,629 i Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 4,750,795 60,430 190,668 l 380,786 5,672 10,320 l / 6 8627046 7,720 46,914 2 280,456 5,072 11,228 2 457,801 5,702 16,368 1 350,919 5,064 11,104 1 336,067 4,273 10,443 3 812,488 6,108 34,444 1 199,082 3,411 7,626 1 126,605 1,851 4,533 1 231,104 3,427 8,050 1 222,112 2,039 9,132 2 , 491,329 10,091 20,506 51,257,231 2809,617 12,703,404 3068,841 4464,323 3242,873 2638,363 8981,348 2171,770 1124,993 2225,205 1999,122 5827,372 1/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 23, 1955 (In thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 26,579,858 1604,943 6,010,407 1814,951 24.61,529 2007,947 1358,743 5132,271 1227,452 530,460 1041,066 728,977 2661,115 Deposits: Member bank-reserve accts. 18,532,824 783,341 5,241,537 879,640 1458,427 805,831 886,219 2962,064 679,243 428,844 905,831 964,254 2537,593 18,630 38,471 32,943 38,665 U.S.Treasurer-general acct. 478,867 35,539 72,048 36,350 45,250 35,815 35,517 56,395 33,240 9,850 14,972 18,518 40,601 Foreign 404,203 16,942 55,160 14,972 28,762 35,854 19,700 23,640 1/125,226 800 Other 675 Total deposits 19,795,717 845,651 5,739,545 622,076 Deferred avail, cash items 3,695,271 287,777 Other liabilities and accrued dividends 1,012 20,482 5,578 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 955,820 1544,808 863,388 940,281 3074,465 735,478 458,970 960,074 1016,390 2660,841 212,877 350,745 308,801 284,871 606,231 162,014 104,315 176,848 195,677 383,039 1,111 2,095 1,019 986 3,383 681 585 873 1,064 2,095 50,091,328 2739,383 12,377,606 2984,759 4359,177 3181,155 2584,881 8816,350 2125,625 1094,330 2178,861 1942,108 5707,095 300,165 15,850 89,267 19,719 28,441 13,691 13,583 39,952 10,410 6,846 11,891 16,473 34,045 660,901 40,309 188,070 47,773 60,222 33,480 29,480 96,566 26,619 16,918 24,755 29,985 66,722 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,14C 177,294 11,064 41,142 12,101 15,477 11,198 9,657 27,051 8,595 5,826 8,561 9,249 17,37] 51,257,231 2809,617 12,703,404 3068,841 4464,323 3242,873 2638,363 8981,348 2171,770 1124,993 2225,205 1999,122 5827,372 27,734 2,312 1,662 2/8,122 2,022 57 2,521 324 1,385 11 1,191 3,878 1,053 692 1,053 1,920 1,302 2,85; FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding 27,426,256 1647,757 6,180,228 1887,427 Collateral for F.R. notes: Gold certificates# 11,438,000 640,000 2,670,000 725,000 Eligible paper 43,310 263,888 22,425 U. S. Govt, securities 17.085.000 1200.000 3.600.000 1200.000 Total collateral 28,786,888 1862,425 6,270,000 1968,310 l/ After deducting 2/After deducting 2548,307 2056,289 1415,989 5212,321 1285,373 576,287 1074,160 763,077 2779,04] 1070,000 795,000 500,000 2400,000 425,000 150,000 280,000 283,000 1500,OOC — 43,375 — — 25,650 49,846 79,282 — — 1550.000 1300.000 1000.000 3000.000 910.000 500.000 800.000 525.000 1500.OOC 2620,000 2138,375 1500,000 5400,000 1360,650 699,846 1159,282 808,000 3000,OOC ,952,000 participations of other Federal Reserve Banks. $19,612,000 participations of other Federal Reserve Banks.
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