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BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM B.4.1 (For Immediate Release) October 14, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended October 13, Member bank reserves decreased $255 m i l l i o n . The p r i n c i p a l changes reducing reserves were a decrease of $234 m i l l i o n i n Reserve Bank c r e d i t and increases of $108 m i l l i o n in Money in c i r c u l a t i o n and $18 m i l l i o n i n Treasury deposits with Federal Reserve Banks. The p r i n c i p a l o f f s e t t i n g change was a decrease of $88 million i n Foreign dep o s i t s with Federal Reserve Banks. The decrease of $234 million i n Reserve Bank c r e d i t r e s u l t e d from a decrease of $318 m i l l i o n i n F l o a t , and increases of $56 m i l l i o n i n Loans, discounts and advances and $29 million i n U. S. Government s e c u r i t i e s held under repurchase agreement. Member Bank Reserves and Related Items October 13, 1954 Change since October 6, October 14, 1954.... 1953 (In millions of d o l l a r s ) Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s - Bought o u t r i g h t Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 24,580 29 312 346 25,267 21,810 4,973 Money in c i r c u l a t i o n 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) 30,159 792 643 468 418 951 +108 - 7 + 18 - 88 - 9 Member bank reserves 18,620 -255 - 937 18,030 590 - 71 -184 - 698 239 804 74 -146 + 12 + 47 - 421 Required reserves (estimated) Excess reserves (estimated) Daily averages f o r p e r i o d - Estimated excess reserves of member banks Member bank borrowings a t F. R. Banks + 29 + 56 -318 -234 — + 2 - - - 768 + 14 + 38 - 339 -1,055 - 318 + 100 - 253 - 479 + 295 + 7 + 43 + 52 U. S. Government s e c u r i t i e s held i n custody by the Federal Reserve Banks f o r f o r e i g n account were $3,045 m i l l i o n , an increase of $16 million f o r the week and an increase of $388 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( i n thousands of d o l l a r s ) October 13, 1954 ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F. R, notes Total gold c e r t i f i c a t e reserves F. R. notes of other Banks Other cash Discounts and advances I n d u s t r i a l loans U. S. Government s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates Notes Bonds Total bought o u t r i g h t Held under repurchase agreement Total U. S. Government s e c u r i t i e s .20,287,101 836,474 21,123,575 122,025 315,702 311,573 875 1,859,250 6,599,791 13,029,021 3,092,550 24,500,612 28,600 24,609,212 Total loans and s e c u r i t i e s Due from f o r e i g n banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS Change since October 6, October 14, 1954 1953 - - - + + 2 2,655 2,657 679 14,603 56,323 116 + - + ~ + - __ . — — + - - - — — - + + 28,600 28,600 + - 24,921,660 22 4,002,707 54,076 152,506 50,692,273 + 85,039 + + + + 375,621 572 7,039 450,332 25,729,266 + 82,523 - 197,062 748,250 744,650 573,600 767,062 13,600 753,462 715,161 • » *» 514,562 + 3,995 39,147 -1,160,255 L I AB I L I T I E S Federal Reserve notes Deposits; Member bank--reserve accounts U. S. Treasurer—general account Foreign Other Total deposits Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES 18,619,811 643,099 468,049 417,763 20,148,722 3,657,051 19,634 49,554,673 ACCOUNTS CAPITAL Capital paid in Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 276,190 625,013 27,543 206,854 50,692,273 + + 5,625 450,332 46.056 + .2$ + 8,470 2,032 + - 621 118 - Ratio of gold c e r t i f i c a t e reserves to deposit and F. R. note l i a b i l i t i e s combined Contingent l i a b i l i t y on acceptances purchased f o r foreign correspondents I n d u s t r i a l loan commitments 193,999 22,793 171,206 43,421 23,165 40,098 1,797 - + • + + + + 254,741 17,935 88,116 8,990 333,912 694,146 1,773 444,530 177 —- - 409,190 937,461 294,676 + 6,949 + 42,783 593,053 174,870 2,729 -1,179,842 - + • + + 14,352 40,337 35,102 -1,160,255 - 1.3# 17,142 1,366 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 13, 1954 ( S e c u r i t i e s held under repurchase agreement are c l a s s i f i e d as maturing within 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 t o 10 years Over 10 years Total Discounts and advances 283,018 28,555 311,573 Industrial loans 2 790 50 33 U. S. Government securities 414,350 8,756,050 6,689,591 6,320,750 1,013,614 1,414,857 24,609,212 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 13, 1954 (In thousands of d o l l a r s ) H.4.1(b) ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F. R. notes Total gold c e r t i f i c a t e reserves F.R. notes of other Banks Other cash Discounts and advances I n d u s t r i a l loans U. S. Govt, s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates Notes Bonds Total Held under repurchase agreement Total Boston New York Phila. Cleve. Rich. Atlanta 20,287,101 1019,668 5,449,930 1211,492 1732,506 1175,369 836,474 50,231 21,123,575 1069,899 122,025 315,702 311,573 875 166,279 54,016 75,933 68,419 Chicago St.Louis 936,384 3692,161 803,6o4 54,499 144,920 47,467 Mpls. Kans.Cy. 413,135 24,756 Dallas SanFran. 815,316 769,697 2267,839 39,986 29,002 80,966 5,616,209 1265,508 1808,439 1243,788 990,883 3837,081 851,071 437,891 855,302 798,699 2348,805 6,036 20,603 18,466 31,335 58,492 82,580 —— 3,966 18,340 22,015 "J 4,963 8,052 12,734 31,896 14,871 29,895 29,060 10,185 12,355 —— —— 13,045 60,345 69,640 5,906 16,814 9,530 4,831 7,8l8 6,375 81 7,154 10,525 17,467 6,653 11,620 9,934 17,350 34,483 23,966 1,859,250 102,590 474,912 113,150 159,350 109,506 94,693 325,030 77,801 ,,,— 45,658 80,215 73,058 203,287 6,599,791 364,163 1,685,798 401,650 565,648 388,715 336,133 1153,763 276,168 162,071 284,742 259,332 721,608 13,029,021 718,915 3,328,029 792,921 1116,679 767,383 663,582 2277,707 545,199 319,953 562,124 511,962 1424,567 3,092,550 ~ 170,641 789,936 188,206 265,053 182,145 157,507 540,633 129,408 75,944 " - - - - - - 121,519 338,133 —« 133,425 24,580,612 1356,309 6,278,675 1495,927 2106,730 1447,749 1251,915 4297,'133 1028^576 603^626-1060)506 9 6 5 ^ 7 1 2687^595 28 y 600 •— 23 f 600 —— —— —— —— —— —— «* — •«. Total U. S. Government securities 24,609,212 1356,309 6,307,275 1495,927 2106,730 1447,749 1251,915 4297,133 1028,576 603,626 1060,506 965,871 2687,595 Total loans and securities 24,921,660 1374,775 6,389,855 1518,736 2135,790 1457,934 1264,270 4366,773 1038,106 610,082 1077,973 975,805 2711,561 Due from f o r e i g n banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 22 4,002,707 54,076 152,506 1 313,834 5,929 8,207 1 / 6 760,280 7,256 38,332 2 232,564 5,168 8,883 2 394,527 5,027 13,479 1 1 3 334,426 280,783 638,897 4,549 3,920 6,334 8,797 8,309 26,525 1 193,608 2,849 6,509 1 1 l 128,957 218,469 160,506 1,019 2,452 1,088 3,674 6,912 6,600 2 345,856 8,485 16,279 50,692,273 2799,284 12,901,765 3053,167 4394,123 3072,418 2590,795 8949,003 2114,864 1194,273 2178,788 1960,972 5482,821 l / A f t e r deducting $16,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 13, 1954 ( i n thousands of d o l l a r s ) 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. 25,729,266 1580,693 5,754,714 1789,821 2379,063 1820,897 1369,116 4975,328 1148,795 588,357 1006,308 733,554 2582,620 Federal Reserve notes Deposits: Member bank-reserve a c c t s . 18,619,811 774,976 5,571,191 838,861 1426,992 814,869 856,655 3014,451 694,210 436,283 908,310 944,285 2338,728 33,342 64,311 49,697 105,575 43,778 22,368 32,342 114,030 45,976 42,997 62,052 643,099 26,631 U.S.Treasurer-general a c c t 21,479 46,633 19,651 63,523 17,366 11,425 17,366 33,818 42,044 23,307 468,049 27,877 1/143,560 Foreign 696 33,700 792 2,355 7,226 913 3,467 336,973 11,073 13,986 2,418 417.763 4.164 Other Total deposits Deferred a v a i l , cash items Other l i a b i l i t i e s and accrued dividends 20,148,722 833,648 6,165,754 929,728 1526,019 902,646 926,795 3185,904 762,580 470,989 657,161 249,398 383,410 287,241 242,244 622,960 157,374 104,558 3,657,051 314,730 TOTAL LIABILITIES Capital paid i n Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AHD CAPITAL ACCOUNTS 49,554,673 2729,954 12,584,076 2970,014 4290,530 3011,730 2538,955 8787,137 2069,451 1164,376 2133,812 1908,331 5366,307 6,146 10,596 14,121 30,903 12,496 12,019 36,509 9,579 83,575 18,715 26,742 276,190 14,789 16,219 23,456 28,146 62,182 90,792 25,465 31,750 28,034 176,633 45,909 57,648 625,013 38,779 1,073 1,137 1,307 2,140 1,429 521 3,349 762 7,319 4,489 1,006 27,543 3,011 6,459 9,787 9,067 21,289 33,136 9,848 13,093 11,025 50,162 14,040 18,197 208,854 12,751 Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents I n d u s t r i a l loan commitments 19,634 883 6,447 1,067 2,038 946 800 2,945 702 472 961,485 999,802 2483,372 165,251 174,217 298,507 768 758 1,808 50,692,273 2799,284 12,901,765 3053,167 4394,123 3072,418 2590,795 8949,003 2114,864 1194,273 2178,788 1960,972 5482,821 8,470 2,032 519 2/2,435 629 580 782 598 434 39 365 110 1,181 18 323 212 323 687 400 867 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding C o l l a t e r a l f o r F.R. notes: Gold c e r t i f i c a t e s E l i g i b l e paper U. S. Govt, s e c u r i t i e s Total collateral 26,586,932 1627,003 5,938,512 1863,339 2479,514 1872,070 1429,067 5056,661 1193,908 623,505 1033,623 767,677 2702,053 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 1380,00c 5,096 750 2,500 1,750 10,437 8,325 7,181 36,039 16.865.000 1200,000 3,600,000 1200.000 1500,000 1300,000 1000,000 2700,000 920,000 500,000 800,000 525,000 1620,000 27,994,039 1847,181 6,270,000 2008,325 2500,000 1925,750 1485,000 5100,000 1 2 7 7 , 5 0 0 6 7 6 , 7 5 0 1 0 9 0 , 4 3 7 8 0 8 , 0 0 0 3005,096 l / A f t e r deducting $324,470,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 2 / A f t e r deducting $6,035,000 p a r t i c i p a t i o n s of other Federal Reserve Banks.
@FedFRASER