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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release October 27, 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 26 decreased $228 million to $18,891 million. The principal change reducing reserves was a decrease of $422 million in Reserve Bank c r e d i t . The principal o f f s e t t i n g changes were decreases of $123 million in Money in circulation, §38 million in Treasury deposits with Federal Reserve Banks, $22 million in Other deposits with Federal Reserve Banks, and $10 million in Foreign deposits with Federal Reserve Banks, Estimated average excess reserves of member banks f o r the week decreased $180 million t o $458 million. The decrease of $422 million in average Reserve Bank credit for the week resulted principally from decreases of $267 million in Member bank borrowings, $105 million in U, S, Government securities held under repurchase agreement, and $103 million in Float, and an increase of $57 million in U. S, Government securities bought outright. As of Wednesday, October 26, holdings of U, S, Government securities bought outright and those held under repurchase agreement were unchanged from a week e a r l i e r , while Member bank borrowings were $236 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 AcceptancesBought outright Held under repurchase agreement Loans, discounts, and advancesMember bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Weekly Averages of Daily Figures Week Ending Change from Week Ending Oct. 26, 19551 Oct. 19, 1955l0ct. 27. 1954 (in millions of d o l l a r s ) 23,973 — 18 — 761 10 985 25,747 21,685 5,009 52,441 + 57 -105 408 — 4 ****** - - 1 -267 - 4 =m + -422 + + — - + 2 -420 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) 30,498 778 496 381 387 1,010 33,550 -123 + 1 - 38 - 10 - 22 — -192 Member bank reserve b a l a n c e s Required reserves (estimated) Excess reserves (estimated) 18.891 18,433 458 -228 - 48 -180 18 — + + 689 175 264 387 74 36 349 + 470 23 71 61 24 + 61 + 352 & + 209 - 213 z 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 d o l l a r s : Gold stock 21,685 Treasury cash holdings '777 Treasury currency outstanding 5,009 Member bank) - Required ( e s t , ) 18,433 Money in circulation 30,441 reserves ) - Excess (est.) 502 On October, 26, 1955, U, S, Government securities held in custody by the Federal Reserve Banks f o r foreign account were $3,482 million, an increase of $3 million f o r the week and an increase of $439 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Oct. 19, Oct. 27, 1955 1954 Oct. 26, 1955 ASSETS Gold c e r t i f i c a t e s Redemption fund for F. R, notes Total gold c e r t i f i c a t e reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances--Bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 23,973,108 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 25,017,326 22 4,273,585 59,618 158,078 51,145,625 26,161,180 20,173,353 833,340 21,006,693 277,842 352,461 1,026,400 66l 17,157 10,003 3,462 6,541 29,533 + - + + + + + - 8,187 223,153 46 874 1,251,746 2,520,076 - - 17,399,536 2,801,750 23,973,108 LIABILITIES Federal Reserve notes Deposits: Member bank—reserve accounts U. S. Treasurer—general account Foreign Other Total deposits Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES 18,934,952 493,696 407,051 378,783 20,214,482 3,543,070 20,239 49,938,971 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS mmrn • + + + • + 51,749 10,597 62,346 117,394 23,013 721,187 136 17,157 - 408,254 -4,079,715 +4,370,515 - 290,800 - 408,254 - 408,254 + 222,325 + 329,954 - 911,714 52 + , 7,537 - 637,643 + 497,332 + 5,403 7,904 + 902,846 - 64,267 + 547,502 28,393 46,703 94,501 35,953 5,866 777885 + 376,217 145 + 845,689 - + 81,522 28,387 1,464 82,992 - 497,872 + 970 - 644,161 298,960 660,901 338 27,543 219,250 51,145,625 + 6,180 - 637,643 45.356 .2$ 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 foreign correspondents Industrial loan commitments • 175 51 + + 22,089 35,888 820 + 902,846 + + 15,025 720 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 26, 1955 (Acceptances and securities 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.) W i t h i n 15 day® 16 d a y s t o 90 d a y s 9 1 days t o 1 y e a r Over 1 y e a r t o 5 y e a r s Over 5 y e a r s t o 10 Over 10 y e a r s Total Discounts and Industrial advances loans 1,018,656 12 7,739 5 34 510 105 1,026,400 66l Acceptances 4,621 ' 11,136 17,157 U. S. Government securities 278,646 6,726,799 12,952,065 1,587,127 1,013,614 1.414.857 23,973,108 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 26', 1955" (In thousands of d o l l a r s ) H.4.1(b) ASS E T S 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 Industrial loans Acceptances— Bought outright 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 20,173,353 996,262 833.340 50,566 21,006,693 1046,828 24,884 25,616 11,100 277,842 352,461 1,026,400 66l New York Phila* Cleve. 5,466,808 1146,950 1754,015 1296,827 174.545 57,557 74,664 67,466 5,641,353 1204,507 1828,679 1364,293 62,525 25,498 118,240 59,000 599 79,109 19,161 10,799 35,235 76,700 17,157 17,157 Rich. Atlanta Chicago St.Louis 855,750 3596,092 864,736 337,105 777,55? 146,615 44,938 23,872 .40,076 905,278 3742,707 909,674 360,977 817,633 9,373 16,743 22,250 8,941 9,007 56,425 62 10,588 12,163 69,367 49,528 14,107 19,000 67,595 41,242 30,138 56,175 — — 23,071 51,625 297,130 - - 69,126 1,251,746 2,520,076 139,169 17,399,536 9 6 0 , 8 7 2 2.801.750 154,724 23,973,108 1323,891 3 1 8 , 1 2 5 76,184 107,579 73,745 64,612 218,338 640,465 153,376 2 1 6 , 5 8 3 148,469 130,082 439,569 4,422,005 1058,971 1495,368 1 0 2 5 , 0 7 6 8 9 8 , 1 2 9 3034,949 7 1 2 . 0 5 1 1 7 0 . 5 2 0 240,791 1 6 5 , 0 6 2 144,621 488,701 6,092,646 1459,051 2060,321 1412,352 1237,444 4181,557 51,945 104,578 722,046 Total U. S. Government securities 23.973,108 1323,891 6.092,646 1459,051 2060,321 1412,352 1237,444 4 l 8 l , 5 5 7 Total loans and s e c u r i t i e s 25,017,326 1334,991 Due from f o r e i g n banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 2 2 1 4,273,585 354,091 59^618 5,671 158,078 8.406 Dallas SariFran. Mpls* Kans.Cy. 703,338 2377,913 27,229 76,281, 730,567 2454,191 15,162 12,127 33,518 31,652 42,531 158,90C — " —• 994,836 54,438 109,598 421,643 756,706 67,895 121,848 580,940 1042,590 697,687 1906,081 112,344 306,926 961,274 2626,206 994,836 580,940 1042,590 961,274 2626,206 6,228,043 1518,650 2137,021 1479,947 1293,619 4478,687 1017,086 637,427 1111,957 994,792 2785,106 1/ 6 7707837 7,603 39.074 2 243,008 5,094 9.178 51,145,625 2 8 0 0 , 4 8 8 12,828,550 3025,098 2 395,609 5,515 13,513 1 331,122 4,902 9,l8o 4426,373 3 2 2 2 , 5 5 2 1 328,486 4,275 8,664 3 672,758 116,267 1 50,193 30,334 61,068 1 1 1 189,607 121,094 222,580 236,612 6,128 3,416 1,577 3,401 1,9*5 28,636 6,228 3,856 6,64l 7,725 2611,703 9 0 0 3 , 6 1 5 137,121 101,050 276,06s $ 407,78] 10,091 16,971 2152,128 1142,880 2184,964 1998,931 5748,34: l / After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 26, 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, CIeve. Rich, Atlanta Chicago St.Louis Mpls, Kans.Cy. Dallas SanFran. Federal Reserve notes 26,161,180 1579,549 5,878,638 1777,246 2431,478 1979,761 1346,096 5065,213 1201,417 534,584 1032,282 716,224 2618,692 Deposits: Member bank-reserve accts. IS,934,952 787,749 5,486,449 880,485 1462,436 834,819 891,127 3074,259 684,018 429,465 871,283 975,014 2557,848 U.S.Treasurer-general acct. 493,696 24,819 93,352 35,689 50,024 38,846 28,092 74,866 37,055 27,221 31,137 28,133 24,462 Foreign 407,051 23,640 1/129,570 27,959 35,854 19,700 16,942 55,160 14,972 9,575 14,554 18,518 40,607 Other 378,783 1,767 1,491 1,058 43,757 1,331 2,013 7,699 9,264 5,625 2,343 3,390 299,045 Total deposits 20,214,482 839,598 6,008,416 953,397 1553,939 895,708 937,492 3206,298 743,744 468,028 918,465 1022,723 2666,674 598,501 206,678 330,141 281,959 271,753 556,059 158,424 107,956 185,345 202,073 336,096 Deferred avail, cash items 3>543>070 308,085 Other l i a b i l i t i e s and 5,887 1,084 2,062 885 814 1,987 613 accrued dividends 20,239 973 997 924 3,239 774 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 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 49,938,971 2728,117 12,491,442 2938,405 4317,620 3158,425 2556,265 8830,809 2104,359 1111,181 2136,906 1941,993 5623,449 298,960 15,853 89,163 19,656 28,411 13,681 13,445 39,601 10,408 6,836 11,764 16,163 33,979 660,901 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 2,14C 6,872 10,402 9,483 22,051 219,250 13,198 52,556 14,775 19,114 13,617 11,751 35,210 10,221 51,145,625 2800,488 12,828,550 3025,098 4426,373 3222,552 2611,703 9003,615 2152,128 1142,880 2184,964 1998,931 5748,343 27,935 2,818 1,668 2/8,252 2,029 165 2,530 324 1,390 11 1,195 81 3,892 1,057 695 1,057 2,237 1,307 2,863 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral f o r F.R, notes: Gold c e r t i f i c a t e s Eligible paper U. S. Govt, securities Total collateral 27,120,967 1632*966 6,076,439 1836,738 2535,803 2036,071 1408,786 5163,393 1264,319 579,379 1068,459 756,528 2762,086 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 1500,00C 285,737 11,100 — 59,000 — 67,595 — — 22,250 56,425 69,367 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 1500,00C 28,633,737 1851,100 6,270,000 1984,000 2570,000 2162,595 1500,000 5300,000 1332,250 706,425 1149,367 808,000 3000,00C 1/ After deducting $277,456,000 participations of other Federal Reserve Banks. 2/ After deducting $19,683,000 participations of other Federal Reserve Banks.
@FedFRASER