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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release November 3, 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 2 increased $7 million to #18,898 million. Estimated Required reserves decreased $27 million; and estimated Excess reserves increased $34 million to $497 million. Member bank borrowings at the Federal Reserve Banks exceeded Excess reserves by $446 million. The principal changes increasing reserves were increases of $182 million in Member bank borrowings and $22 million in U, S, Government securities bought outright and a decrease of $59 million in Other F, R, accounts (net). The principal offsetting changes were a decrease of $192 million in Federal Reserve float and increases of $30 million in Money in circulation and $27 million in Foreign deposits with Federal Reserve Banks, Total Reserve Bank credit increased $1 million, As of Wednesday, November 2, U, S. Government securities bought outright were $51 million higher than a week earlier and Member bank borrowings were $159 million higher. 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 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) Member bank reserve balancesRequired reserves (estimated) Excess reserves (estimated) Weekly Averages of Daily Figures. Change from Week Ending Week Ending Nov. 2, 1955 Oct, 26, 19551 Nov. 3, 1954 (In millions of dollars) 23,995 + 22 - - + •mm* 17 1 943 1 , •„ 793 25,748 21,686 5,009 52,443 +182 - 9 =122 + 1 + 1 30,528 772-R 500 408 385 951 33,544 + 30 - 5 • 4 + 27 - 2 18.898 18,401 497 + - + + - + + 2 ZJL2 - 6 - 27 + 34 + + • - - + + + + - 453 16 17 773 185 176 312 73 33 272 440 33 169 24 87 56 183 168 80 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 ?79 Treasury currency outstanding 5,009 Member bank) - Required (est,) 2.8,423 Money in circulation 30,540 reserves ) - Excess (est,) 728 On November 2, 1955, U, S, Government securities held in custody by the Federal Reserve Banks for foreign account were $3,519 million, an increase of $37 million for the week and an increase of $475 million from the comparable date Digitized FRASER a for year ago. H.4.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BASKS COMBINED (In thousands of dollars) Change since Oct. 26, Nov. 3, 1954 1955 Nov. 2, 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 20,173,351 833,294 21,006,645 258,776 345,073 1,185,252 562 16,882 1,302,546 2,520,076 17,399,536 2,801,750 24,023,908 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments • • + - - + 19,066 7,388 158,852 99 275 50,800 — — + 61,751 10,506 72,257 + 128,523 18,266 + + 665,928 171 16,882 + - 621,454 -4,079,715 +4,370,515 - 290,800 50,800 - 621,454 • r •» - 25,000 + 50,800 25,226,604 + 209,278 + 36,185 4,468,309 59,587 166,145 51,531,161 + + + + + 194,724 31 8,067 385,536 909,891 5,424 6,932 26,234,224 + 73,044 19,150,587 535,462 + + 3,676,577 19,388 50,305,200 + + + 215,635 41,766 20,170 3,298 240,529 133,507 + 446,229 299,328 + 368 27,543 158,189 51,531,161 + 6l,06l 385!536 386,881 382,081 20,455,011 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 - „ 24,023,908 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 2 46 660,901 - - 45.0# - 27,135 2.745 - 851 - - 646,454 +1,019,100 + 495,058 152,639 32,021 37,741 33,725 + 49,152 + 422,362 16 + 966,556 + - . + + 16,977 35,888 321 +1,019,100 .3# - 800 73 + + 7$ 12,923 926 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 2, 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 1,176,6b! 8,566 5 1,185,252 Industrial loans 12 33 412 105 Acceptances C # 10,148 16,882 U. S. Government securities 191,300 6,864,945 12,952,065 1,587,127 1,013,614 1.W.857 24,023,900 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 2, 1955 (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 Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 833,294 50.564 174.537 57,555 74,659 67,462 49,524 l46,6o8 44.935 258,776 345,073 1,185,252 562 25,012 28,420 17,075 40.073 27,227 76,279 28,993 19,008 10,930 36,854 34,965 100,000 500 -- 14,431 17,502 48,700 36,895 21,960 26,130 51,246 74,350 290,950 7,020 16,574 41,175 71,931 139,169 331,035 640,465 17,399,536 960,872 4,422,005 2,801,750 154,724 712,051 24,023,908 1326,696 6,105,556 79,276 153,376 111,945 216,583 1058,971 1495,368 170,520 240.791 1462,143 2064,687 76,738 148,469 1025,076 165,062 1415,345 67,234 227,199 130,082 439,569 898,129 3034,949 144,621 488,701 1240,066 4190,418 8,262 66,350 62 7,538 11,786 48,261 13,407 12,373 33,715 41,189 25,761 178,400 31,565 56,648 52,230 142,692 54,053 104,578 61,068 109,598 101,050 276,069 722,046 421,643 756,706 697,687 1906,084 116.267 67.895 121,848 112.344 306,926 996,944 582,171 1044,800 963,311 2631,771 Total loans and securities 25,226,604 1343,771 6,381,703 1497,668 2164,68? 1464,045 1314,4l6 4481,368 22 4,468,309 59,587 166.145 8,470 16,882 16,882 1,302,546 2,520,076 50,405 75,729 259,265 6.105,556 1462.143 2064.687 1415.345 1240,066 4l90.4l8 996.944 23,871 21,006,645 1072,676 5,678,865 1214,820 1796,922 1382,689 917,325 3697,502 892,746 352,625 826,852 723,087 2450,536 24.023.908 1326,696 TOTAL ASSETS Dallas SanFran. 20,173,351 1022,112 5,504,328 1157,265 1722,263 1315,227 867,801 3550,894 847,811 328,754 786,779 695,860 2374,257 Total U. S. Government securities —————— Due from foreign banks Uncollected cash items Bank premises Other assets Mpls. Kans.Cy. 1 364,378 5,671 8.965 1/ 6 840%605 7,582 40.905 582,171 1044,800 963,311 2631,771 1038,119 648,583 1093,061 989,072 2810,171 2 2 1 1 3 1 5,094 9,805 5,508 14.457 4,902 9.718 4,275 9,117 6,108 30,205 6,661 1 1 1 2 1,576 3,395 6,943 1,942 7,883 10,123 17.560 268,806 396,520 340,922 314,967 731,438 202,551 122,859 213,161 212,724 459,378 3,411 3,926 51,531,161 2848,894 13,075,800 3044,136 4485,886 3234,210 §623,126 9019,830 216?,0§3 1146,363 2162,731 3S6©,489 5882,674 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 2, 1955 (in thousands of dollars) 1.4.1(c) 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 SariFran. 26,234,224 1575,282 5,893,823 1781,475 2428,741 1990,336 1356,932 5071,831 1211,708 533,202 1038,670 718,18? 2634,037 ederal Reserve notes Deposits: Member bank-reserve accts. 19,150,587 814,092 5,683,884 879,747 1476,770 822,717 884,268 3071,632 688,989 441,651 860,698 965,374 2560,765 25,654 45,641 a,827 46,824 52,977 32,271 22,799 25,095 40,771 40,612 127,301 U.S.Treasurer-general acct. 535,462 33,690 18,850 16,211 52,780 14,326 9,425 14,326 17,719 38,856 27,521 34,307 Foreign 386,881 22,620 1/119,940 1,065 41.617 2.973 2.078 1.272 6,981 1.652 1,362 9.895 6,882 304.462 1,842 Other 382,081 Total deposits Deferred avail, cash items Dther liabilities and accrued dividends 20,455,011 872,244 6,235,587 957,934 1558,571 886,367 949,381 3178,661 742,567 475,527 901,481 1009,812 2686,879 3,676,577 331,246 620,762 220,716 332,751 295,877 263,331 604,889 166,651 106,807 176,410 175,431 381,706 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Dther capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,385,200 2779,733 12,755,249 2961,197 4322,329 3173,518 2570,686 8858,617 2121,638 1116,085 2117,350 1904,184 5704,614 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 19,388 299,328 660,901 27,543 158.189 961 15,826 40,309 3,011 10,015 5,077 89,198 188,070 7,319 35.964 1,072 19,717 47,773 4,489 10.960 2,266 28,421 60,222 1,006 13.902 938 13,684 33,480 3,349 10,179 1,042 13,44? 29,480 762 8.751 3,236 39,603 96,566 1,429 23.615 712 10,411 26,619 521 7.894 549 6,838 16,918 1,073 5.388 789 11,780 24,755 1,137 7,715 754 16,471 29,985 1,307 8,542 1,992 33,932 66,724 2,140 15,264 51,531,161 2848,894 13,075,800 3044,136 4425,880 3234,210 2623,126 9019,830 2167,083 1146,302 2162,737 1960,489 5822,674 27,135 2,745 1,584 2/8,444 1,927 228 2,403 324 1,320 11 1,135 81 3,696 1,003 660 1,003 2,101 1,241 2,719 FEDERAL RESERVE AGENTS1 ACCOUNTS F« R. notes outstanding 27,098,294 1633,507 6,076,050 1837,076 2529,857 2036,638 1408,297 5160,371 1269,997 577,628 1065,074 753,677 2750,122 Collateral for F.R. notes: Gold certificates 11,413,000 640,000 2,670,000 725,000 1070,000 795,000 500,000 2400,000 400,000 150,000 280,000 283,000 1500,000 Eligible paper 34,965 — 48,700 — — 41,175 66,350 48,261 — — 256,526 17,075 — U. S. Govt, securities 16,935,000 1200,000 3,600,000 1200,000 1500,000 1300,000 1000,000 2900.000 910,000 500,000 800,000 525.000 1500,000 Total collateral 28,604,526 1857,075 6,270,000 1959,965 2570,000 2143,700 1500,000 5300,000 1351,175 716,350 1128,261 808,000 3000,000 1/ After deducting $266,916,000 participations of other Federal Reserve Banks. 2/ After deducting $18,691,000 participations of other Federal Reserve Banks.
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