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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4,1 For Immediate Release October 20, 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 f o r the week ending October 19 increased $391 million t o $19,119 m i l l i o n . The p r i n c i p a l changes supplying reserves were an increase of $455 million i n Reserve Bank c r e d i t and decreases of $20 m i l l i o n i n Other deposits with Federal Reserve Banks and $11 million i n Treasury cash holdings. The principal o f f s e t t i n g changes were increases of #69 million i n Money i n c i r c u l a t i o n and $20 million i n Treasury deposits with Federal Reserve Banks. Estimated average excess reserves of member banks f o r the week increased $78 million t o $635 m i l l i o n . „ P ^ ^ c r e a s e of $455 million i n average Reserve Bank c r e d i t f o r t h e week CiP i?u ^ y r ° m ^"creases of $214 million i n F l o a t , $135 million i n borrowings, and $124 million i n U. S. Government s e c u r i t i e s bought S ** ' "elArter S£§' Member Bank Reserves, Reserve Bank C r e d i t , and Related Items Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s Bought outright—System account Held under repurchase agreement AcceptancesBought o u t r i g h t Held under repurchase agreement Loans, discounts, and a d v a n c e s Member bank borrowings Other Float Total Reserve Bank c r e d i t Gold stock Treasury currency outstanding 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) Member bank reserve b a l a n c e s Required reserves (estimated) Excess reserves (estimated) is sSS EE Weekly Averages of Daily Figures Week Ending I Change from Week Ending Oct. 19. 1955lOct^ 12., 19551 Oct. 20^ 1954 ( i n millions of d o l l a r s ) 23,916 105 +124 - 14 18 1 18 1 + + 1,028 14 . 1.088 26,169 21,685 5,9QZ 52,861 540 74 + 929 - 172 + +456 161 + 470 - 103 1 26 + 401 30,621 777 534 391 409 1.010 33,742 + 65 + 418 19.119 18,484 635 ±221 +313 + 78 17 + 215 - 232 + 496 19 36 52 31 + 60 For Wednesday Federal Reserve f i g u r e s see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED — a t t a c h e d . Latest Wednesday f i g u r e s f o r o t h e r items appearing above a r e , i n millions of d o l l a r s : Gold stock 21,685 Treasury cash holdings 730 Treasury currency outstanding 5,008 Member bank) - Required ( e s t . ) i » cn» Money i n c i r c u l a t i o n 30,542 reserves ) - Excess (est.) 455 011 es October 19, 1955, U. S. Government s e c u r i t i e s held i n custody by t h e R erve Banks f o r foreign account were $3,479 m i l l i o n , an increase of n week and an increase of $416 m i l l i o n from t h e comparable date a y63.1T BgOe H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) Change since Oct. 12, Oct. 20, 1954 1955 Oct. 19, 1955 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 o t h e r Banks Other cash Discounts and advances I n d u s t r i a l loans Acceptances: Bought o u t r i g h t Held under repurchase agreement 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 23,973,106 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 24,795,001 22 5,185,299 59,670 150,541 51,783,268 20,163,350 836,802 21,000,152 248,309 344,274 803,247 615 . 1 1 + 1,251,746 2,520,076 17,399,536 2,801,750 23,973,108 - - 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 d e p o s i t s 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 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS - + + + - 176 + - 411 - + 100,100 - - - - + - 100,100 119,900 w 99,285 28,110 2,869 18,031 + 403,254 7,402 —— + + + + - - 946,016 5,362 8,500 +1,001,909 730,525 309 8,553 677,417 + + 37,055 + 4" 317,271 + 72,775 6,620 282,186 + 101,240 + 606,032 375 + 669,842 45.1 $ 16,980 472,752 127 «•*» - 18,963,345 575,218 378,664 380,247 20,297,474 4,040,942 19,269 50,583,132 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 for f o r e i g n correspondents I n d u s t r i a l loan commitments 63,751 7,281 71,032 105,681 483,254 -4,079,715 +4,370,515 290,800 483,254 19,800 - 660,901 27,543 213,070 51,783,268 - - 26,225,447 298,622 • 25,291 12,024 78,841 57 + + 18,031 - * • . • + w 255 "* 558,942 + + + 74,052 26,136 55,163 5,973 149,378 535,117 792 945,473 + + 21,943 35,888 - - + - — + + 7,320 677,417 1,395 +1,001,909 - - .1# - - 144 56 + + M 16,726 706 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 19. 1955 (Acceptances and 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 i n accordance with maximum maturity of the agreements,) Within 15 days l6 days t o 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 798,146 5,095 6 003,247 Industrial loans SIT" 34 392 Acceptances 57597 12,434 105 W U. S. Government securities 351,94b 6,653,599 12,952,065 1,587,127 18,031 1,013,614 1,414,857 23,973,100 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 19, 1955 (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 Acceptances-Bought o u t r i g h t 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 20,163,350 980,793 836,802 50,777 21,000,152 1031,570 248,309 344,274 803,247 615 New York Cleve. Rich. 5,323,554 1139,691 1823,682 1301,770 175,372 57,376 74,946 68,498 5,498,926 1197,567 1898,628 1370,268 21,361 26,lol 19,000 56,327 77,408 86,043 —• —• 18,031 Phila. 18,031 20,967 17,034 51,228 553 9,584 36,377 55,713 — -- 76,184 69,126 318,125 1,251,746 640,465 153,376 2,520,076 139,169 17,399,536 960,872 4,422,005 1058,971 712,051 170,520 2,801,750 154,724 23,973,108 1323,891 6,092,646 1459,051 —— —— 13,681 17,283 24,527 Atlanta Chicago St.Louis Dallas SanFran. 701,741 2506,413 876,031 336,709 801,174 146,882 45,020 23,895 40,143 885,809 3682,539 921,051 360,604 841,317 6,678 8,517 11,374 81,973 836,135 3535,657 49,674 36,748 25,781 58,601 24,274 52,775 264,667 9,257 17,010 23,307 —— —— 64,612 107,579 73,745 216,583 148,469 130,082 1495,368 1025,076 898,129 240,791 165,062 144,621 2060,321 1412,352 1237,444 — •» — Mpls. Kans.Cy. - - 7,738 64,383 62 - - — —— 218,338 51,945 439,569 104,578 3034,949 722,046 488,701 116,267 4181,557 994,836 — 27,281 76,438 729,022 2582,851 14,893 11,970 41,782 26,022 43,363 32,023 —— —- 54,438 30,334 61,068 109,598 421,643 756,706 67,895 121,848 580,940 1042,590 - - — 50,193 137,127 101,050 276,069 697,687 1906,084 112,344 306,926 961,274 2626,206 - - Total U. S. Government securities 23,973,108 1323,891 6,092,646 1459,051 2060,321 1412,352 1237,444 4l8l,557 T o t a l loans and s e c u r i t i e s 24,795,001 1342,891 6,196,720 1510,832 2116,034 1436,879 1296,045 4446,224 1018,143 645,385 1124,563 1003,056 2658,229 Due from f o r e i g n banks Uncollected cash items Bank premises other assets TOTAL ASSETS 22 1 5,185,299 450,154 59,670 5,705 150,541 8,026 1/ 6 979,081 7,603 36,941 2 292,37% 5,117 8,799 2 474,174 5,494 12,837 1 392,138 4,922 8,714 994,836 1 3 1 375,885 851,515 214,824 4,290 6,119 3,4l6 8,294 27.403 5,959 580,940 1042,590 961,274 2626,206 1 1 1 140,444 249,755 250,766 1,577 3,401 1,945 3,663 6,315 7,442 2 514,189 10,o8l 16,148 51,783,268 2885,869 12,853,012 3052,692 4553,130 3243,886 2632,853 9090,852 2189,661 1166,090 2245,243 2019,095 5850,885 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 EACH FEDERAL RESERVE BANK ON OCTOBER 19, 1955 ( 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. Federal Reserve notes 26,225,447 1586,864 5,890,660 1778,257 2437,134 1984,755 1342,094 5080,796 1200,475 536,105 1035,039 718,014 2635,254 Deposits: Member bank—reserve a c c t s , 18,963,345 842,144 5,431,358 878,963 1523,691 810,981 872,880 3025,414 690,857 432,124 913,995 991,626 2549,312 U.S.Treasurer-general a c c t . 575,218 29,092 108,873 37,023 62,862 36,240 29,791 78,906 55,192 33,443 34,939 25,625 43,232 Foreign 378,664 22,140 1/117,387 26,937 33,579 18,450 15,867 51,660 14,022 9,225 14,022 17,343 38,032 Other 380.247 3.892 303.893 9 T 809 5.^97. 3.095 1.612 1.893 6.252 759 1.910 1.078 40.557 Total d e p o s i t s Deferred a v a i l , cash items Other l i a b i l i t i e s and accrued dividends 20,297,474 4,040,942 897,268 328,752 19.269 947 TOTAL LIABILITIES C a p i t a l paid i n Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,583,132 2813,831 12,517,493 2966,376 4444,924 3180,111 2577,710 8919,199 2142,110 1134,552 2197,461 1962,695 5726,670 298,622 15,847 89,154 19,654 28,411 13,675 13,445 39,588 10,408 6,831 11,763 15,861 33,985 660,901 40,309 188,070 47,773 60,222 33,480 29,480 96,566 26,619 16,918 24,755 29,985 66,724 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 213T070 12.871 50,976 14.400 18.567 13.271 11.456 34.070 10.003 6.716 10.127 9.247 21.366 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 5,961,511 952,732 1625,629 868,766 920,150 3157,873 766,323 475,551 964,866 1035,672 2671,133 659,721 234,288 380,204 325,674 314,504 677,553 174,628 182,312 196,815 208,061 418,430 5,601 1,099, 1,957 916 962 2.977 684 584 m . 94s i,a%> 51,783,268 2885,869 12,853,012 3052,692 4553,130 3243,886 2632,853 9090,852 2189,661 1166,090 2245,243 2019,095 5850,885 28,110 2,869 1,698 g/8,073 2,066 211 2,575 327 1,415 11 1,217 83 3,962 1,076 707 1,076 2,237 1,330 2,915 FEDERAL RESERVE AGENTS' ACCOUNTS F . R, n o t e s outstanding C o l l a t e r a l f o r F,R. n o t e s : 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 c o l l a t e r a l 27,154,610 1639,264 6,077,759 1840,905 2537,929 2037,381 1400,806 5175,360 1267,235 578,902 1062,643 756,747 2779,679 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 1500,000 260,631 18,200 — 50,255 — 23,860 — — 22,800 16.935.000 1200.000 3.600.000 1200.000 1500.000 1300.000 1000.000 2900.000 910.000 28,608,631 1858,200 6,270,000 1975,255 2570,000 2118,860 1500,000 5300,000 1332,800 64,050 81,466 — — 500,000 800.000 525.000 1500.000 714,050 1161,466 808,000 3000,000 l / A f t e r deducting $261,252,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 2 J A f t e r deducting #20,037,000 p a r t i c i p a t i o n s of other Federal Reserve Banks.
@FedFRASER