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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) October 21, 1954 CONDITION OF THE FEDERAL RESERVE BAMS Member Bank Reserves and Related Items During the week ended October 20, Member bank reserves increased $417 million. The principal changes supplying reserves were an increase of $2^4 million in Reserve Bank credit and decreases of $104 million in Money in circulation, $44 million in Other deposits with Federal Reserve Banks, $42 million in Treasury deposits with Federal Reserve Banks, and $34 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $51 million in Gold stock and an increase of $11 million in Treasury cash holdings. The increase of $254 million in Reserve Bank credit resulted from increases of $387 million in Float and $19 million in Loans, discounts and advances and decreases of $124 million in U. S. Government securities bought outright and $29 million in U. S. Government securities held under repurchase agreement. Holdings of U. S. Government securities bought outright reflected a decrease of $124 million in bills. Member Bank Reserves and Related Items Change since October 20, October 13, October 21, 1954 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 331 733 25,521 21,759 4,973 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) 30,055 803 601 434 374 949 -104 + 11 - 42 - 34 - 44 - 2 -250 -467 + 71 - 27 + 16 + 52 Member bank reserves 19,037 +417 -530 18,134 903 +104 +313 -683 +153 1,023 99 +219 + 25 +102 -144 Required reserves (estimated) Excess reserves (estimated) Daily averages for period— Estimated excess reserves of member banks Member bank borrowings at F. R. Banks 24,456 - - -124 - 29 + 19 +387 +254 - 51 - - -892 - - + 68 - 93 -916 -318 + 99 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,063 million, an increase- of $18 million for the week and an increase of $396 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since October 20, October 13, October 21, 1954 1954 1953 ASSETS 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 U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,227,101 844,083 21,071,184 142,628 327,294 330,495 742 - + - + + + - 1,735,000 6,599,791 13,029,021 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 124,250 - 321,312 + 748,250 - 744,650 - - 124,250 - 891,312 24,456,362 - 152,850 - 891,312 - 134,061 - 822,733 4,239,279*3 + 236,563 54,308 + 232 159,041 + 6,535 50,791,346 + 09,073 SI 42,466 + 4,166 - 42,079 - 774,908 25,666,505 • 62,761 - 370,667 19,037,397 601,354 433,827 374,274 20,446,852 • 417,586 • 41,745 • 34,222 43,489 • 298,130 151,226 1,170 - 82,973 - 529,884 + 71,045 22 . CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 183,999 12,538 + 171,461 35,908 7,429 + 70,415 1,836 + 24,456,362 24,787,599 LIABILITIES 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 60,000 7,609 52,391 20,603 11,592 18,922 133 . 49,637,6^ s°[ 276,679 625,013 27,543 - • 28,600 489 + ^,611 214,465 50,781,346- ~ 8 9 , 0 7 3 5°1 + T-E87952 + 50,304 3431 - 792,682 + + 14,656 40,337 37,299 - 774,900 1.2% 45.7# 11,384 2,163 26,761 16,618 + + 2,914 131 13,259 1,315 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 20, 1954 (Securities held under repurchase agreement are classified 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 to 10 years Over 10 years Total Discounts and advances 326,126 4,369 Industrial loans 426 234 50 32 330,495 742 U. S. Government securities 333,500 8,684,050 6,689,591 6,320,750 1,013,614 1,414,857 24,456,362 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 20, 1954 (in thousands of dollars) H.4.1(b) Total 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 U. S. Govt, securities: Bought outright-Bills Certificates Notes Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. 20,227,101 1016,072 5,389,798 1197,628 1698,864 1133,494 962,477 3620,570 795,570 440,445 844,083 50,124 175,782 53,806 75,765 67,514 54,395 144,764 47,412 24,731 Dallas SanFran. 858,876 787,539 2325,768 39,951 28,967 80,872 21,071,184 1066,196 5,565,580 1251,434 1774,629 1201,008 1016,872 3765,334 842,982 465,176 898,827 816,506 2406,640 142,628 327,294 330,495 9,030 21,883 12,509 39,443 66,069 55,195 5,742 17,822 38,390 5,879 35,368 30,110 9,297 16,099 12,215 16,811 29,122 13,455 16,488 56,761 77,740 6,950 18,055 8,340 742 1,735,000 6,599,791 13,029,021 95,734 364,163 718,915 3,237 7,670 22,620 80 7,287 11,107 30,542 7,751 12,245 9,013 14,713 35,093 20,366 443,175 105,588 148,701 1,685,798 401,650 565,648 102,188 88,365 303,309 388,715 336,133 1153,763 72,602 42,607 ^,,— 74,854 68,175 189,702 276,168 162,071 284,742 259,332 721,608 3,328,029 767,383 545,199 562,124 511,962 1424,567 Total U. S. Government securities 24,456,362 1349,453 6,246,938 1488,365 2096,081 1440,431 1245,587 4275,412 1023,377 600,575 1055,145 960,988 2674,010 Total loans and securities 24,787,599 1361,962 6,302,133 1527,417 2126,191 1452,646 1259,042 4353,152 1031,717 623,275 1085,687 970,001 2694,376 Total Held under repurchase agreement 792,921 1116,679 663,582 2277,707 319,953 J_y I > yw 1 X.C,y y ' -t-VVJ( V y y"e^ -*-33 j ^rCXdj^yjA.y LT) JJUj ijj 24,456,362 1349,453 6,246,938 1488,365 2096,081 1440,431 1245,587 4275,412 1023,377 600,575 1055,145 960,980 2674,010 J } vyc. j J f w, k j t i . l U 7j7J U Z VU - J y \J J J 5\ Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 1 4,239,27633373,334 54,308 5,929 159,041 8,611 1/ 6 2 2 787,048 256,248 382,386 7,260 5,168 5,083 40,087 9,346 13,641 1 1 3 1 1 1 l ( 2 343,258 297,711 676,775 185,758 125,022 217,075 179,417 415,2^ 4,552 3,920 6,341 2,849 1,022 2,458 1,088 8,638 9,180 8,679 27,428 6,829 3,902 7,182 7,042 17,114 50,781,3^ 2846,946 12,807,626 3073,179 4343,179 3036,041 2632,158 8902,282 2095,14l 1229,305 2229,624 1994,051 5591,814 l/ After deducting $L6,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 20, (In thousands of dollars) H.4.1(c) LIABILITIES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,666,505 1574,096 5,732,663 1785,512 2374,346 1822,032 1363,689 4971,718 1149,145 585,880 1004,285 733,156 2569,983 Deposits: Member bank-reserve accts. 19,037,397 840,986 5,595,756 900,712 1437,101 803,642 896,526 3068,697 685,132 456,550 948,079 976,591 2427,625 U.S.Treasurer-general acct. 601,354 30,626 112,164 49,657 52,229 39,848 45,733 82,733 38,334 32,413 39,657 32,067 45,893 Foreign 433,827 26,047 1/130,638 31,598 39,284 21,777 18,361 59,353 16,226 10,675 16,226 20,069 43,573 Other 374,274 3,880 301,984 9,858 8,697 2,642 988 3,861 7,112 1,774 1,878 575 31,025 Total deposits 20,446,852 901,539 6,140,542 991,825 1537,311 867,909 961,608 3214,644 746,804 501,412 1005,840 1029,302 2548,116 Deferred avail, cash items 3,505,825 300,881 609,030 211,371 325,579 284,233 253,871 550,172 152,943 111,423 173,579 177,897 354,846 Other liabilities and £ accrued dividends 18,43* 8 84o 876 2,814 5,817 975 1,863 623 568 662 852 1,7S6 •XW TOTAL LIABILITIES 49,637,6*6 2777,374 12,488,052 2989,683 4239,099 2975,014 2580,044 8739,348 2049,515 1199,283 2184,366 1941,207 5474,661 Capital paid in 276,679 14,789 83,948 18,716 26,769 12,523 12,032 36,523 6,148 10,613 14,122 30,906 9,590 Surplus (Section 7) 625,013 38,779 176,633 45,909 57,648 31,750 28,034 90,792 25,465 16,219 23,456 28,146 62,182 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 2,140 1,073 1,137 1,307 Other capital accounts 214,465 12,993 51,674 14,382 18,657 13,405 11,286 34,190 10,050 6,582 10,052 9,269 21,925 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,781,3%#" 2846,946 12,807,626 3073,179 4343,179 3036,041 2632,158 8902,282 2095,141 1239,305 2229,624 1994,051 5591,81! Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 11,384 2,163 695 2/3,290 844 711 1,049 598 581 39 490 110 1,585 18 433 285 433 687 536 1,163 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,592,363:1621,250 5,938,990 1859,794 2479,765 1867,897 1428,066 5068,137 1207,044 622,037 1032,798 773,429 2693,15^ 11,093,000 640,000 2,670,000 73,017 1,224 800,000 1000,000 625,000 485,000 24oo,ooo 355,000 175,000 280,000 283,000 1380,000 24,700 —2,780 — — 1,310 17,995 23,512 1,496 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 28,031,017 1841,224 6,270,000 2024,700 2500,000 1927,780 1485,000 5100,000 1276,310 692,995 1103,512 808,000 3001,496 l/ After deducting $303,170,000 participations of other Federal Reserve Banks. 2/ After deducting $8,094,000 participations of other Federal Reserve Banks.
@FedFRASER