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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release October 6, 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 October 5 increased $82 million to $18,700 million. The principal changes supplying reserves were a decrease of $168 million in Treasury deposits with Federal Reserve Banks and an increase of $47 million in Reserve Bank credit. The principal offsetting changes were increases of $105 million in Money in circulation and #11 million in Foreign deposits with Federal Reserve Banks, Estimated average excess reserves of member banks for the week increased $1 million to $523 million. The increase of $47 million in average Reserve Bank credit for the week resulted principally from increases of $140 million in U, 5. Government securities bought outright and $106 million in U, S. Government securities held under repurchase agreement, and decreases of $.144 million in Float and $59 million in Member bank borrowings. As of bought outright securities held borrowings were Wednesday, October 5, holdings of U. S, Government securities were $49 million higher than a week earlier, U, S, Government under repurchase agreement were $81 million higher, and Member bank $12 million lower. 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 advances— Member 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. 5. 1955 Sept. 28. 19551Oct. 6. 1954 (in millions of dollars) 23,727 117 17 3 +140 +106 + 1 2 829 14 816 25,525 21,684 5.007 52,215 —144 + 47 + 1 + 1 + 48 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) 30,428 791 525 361 390 999 33,515 +105 + 4 —168 + 11 + 4 + 9 - 35 Member bank reserve balances— Required reserves (estimated) Excess reserves (estimated) 18.700 18,177 523 + 82 + 81 + 1 - 59 — — - + + + + - + + - •f 765 117 17 3 767 104 149 187 126 % + 95 + 418 2 151 103 62 51 152 - — •» + + mm + - 56 283 339 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 21,684 Treasury cash holdings 798 Treasury currency outstanding 5,006 Member bank) - Required (est,) 18,202 Money in circulation 30,437 reserves ) - Excess (est.) 305 On October 5* 1955, U. S, Government securities held in custody by the Federal Reserve Banks for foreign account were $3,462 million, an increase of $3 million for the week and an increase of $433 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) Oct. 5, 1955 Sept. 28, 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 Held under repurchase agreement U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total "bought outright Held under repurchase agreement Total U. S. Government securities 1,007,146 2,520,076 17,399,536 2,801,750 23,728,508 103,900 23,832,408 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,503,104 22 4,184,091 59,132 135,116 50,467,339 • 20,153,352 840,550 20,993,902 239,053 352,919 650,109 699 + - - - 17,808 2,080 1954 1 104 103 29,727 11,014 11,976 20 + + - + + + - 580 154 + 49,000 . - + Oct. 6, - - — «• + + 49,000 81,400 + 130,400 + 118,830 + 133,751 1,421 132,330 116,349 22,614 394,859 60 17,808 2,080 852,104 -4,079,715 +4,370,515 290,800 052,104 + 103,900 748,204 • 333,517 — *• - - 116,340 24 14,104 52,482 + 557,005 5,628 10,351 + 225,398 + 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 26,131,140 + 18,507,214 480,848 388,407 388,211 19,764,680 3,366,819 17,982 49,200,621 31,831 31,014 + 5,277 + 15,745 + 21,839 146,093 + 730 50,718 + 170,478 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 297,785 660,901 27,543 200,489 50,467,339 + + 21,772 35,888 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 45.7# 27,166 2,786 64,806 + - 114 + 367,338 144,316 167,758 38,542 717,954 + 403,914 + 121 - « — • + - - W «• 6,122 52,402 ~ + - 484,397 .1# 17 1 - + 2,740 225,390 .1* - + 19,317 636 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 5, 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 http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Discounts and advances 632,362 17,745 2 Industrial loans 13 650,109 599™ 107 Acceptances ptance 57579" 13,009 473 106 19,000 U. S. Government securities 344,950 6,519,795 12,952,065 1,587,127 1,013,61k 1,414,857 ^3,032,408 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 5 i 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 Held under repurchase agreement U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Total U. S. Government securities Total Boston 20,153,352 1052,841 840,550 51,021 20,993,902 1103,862 239,053 352,919 650,109 13,919 26,620 20,195 TOTAL ASSETS 176,118 Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. 45,122 23,928 40,224 5,327,765 1280,491 1871,270 1367,191 929,954 3632,337 899,299 355,135 888,759 58,246 75,292 Dallas SanFran, 880,082 3485,103 854,177 331,207 848,535 757,134 2476,73C 49,872 147,234 27,352 76,62; 784,486 2553,35; 38,059 36,563 19,211 19,789 53,401 167,567 9,082 17,342 36,572 26,972 30,273 17,083 5,032 7,629 7,761 39,373 63 9,007 11,423 35,202 13,351 13,745 13,073 33,151 46,97: 14,57: 86,557 59,334 51,986 175,673 41,795 24,407 43,801 40,385 110,335 6,030,462 1444,164 2039,299 1397,941 1224,818 4138,892 984,686 575,013 1031,953 951,466 2599,41 6,134,382 1444,164 2039,299 1397,941 1224,818 4138,892 984,686 575,013 1031,953 951,466 2599,41 6,397,563 1472,423 2075,862 1415,283 1255,091 4306,459 614,449 1067,155 964,539 2613,981 48,941 74,184 243,293 17,808 2,080 2,080 255,961 22,619 17,485 27,623 636 61,297 9,826 15,164 640,465 153,376 216,583 148,469 130,082 439,569 104,578 61,068 109,598 101,050 276,065 4,422,005 1058,971 1495,368 1025,076 898,129 3034,949 722,046 421,643 756,706 697,687 1906,081 9 J 712,051 170,520 240,791 116,267 306,92( I * iyi. 165,062 144,621 488,701 1 Z * , „! 67,895 121,848 112,344 V 103,900 103,900 23.832,408 1310,383 22 1 4,184,091 59,132 135.116 333,485 5,703 7,152 50,467,339 Cleve. 69,518 17,808 1,007,146 55,618 2,520,076 139,169 17^399^536 960^872 2,801,750 £l,UUL f 9 (?U 154,724 23,728,508 1310,383 Phila. 5,151,64? 1222,245 1795,978 1297,673 699 Total loans and securities 24,503,104 1330,578 Due from foreign banks Uncollected cash items Bank premises Other assets New York 1/ 6 784,014 7,500 32.721 2 228,986 5,117 7.854 2 370,182 5,403 11,691 1 328,690 4,815 7,825 1 286,955 4,289 7,493 3 668,249 6,110 24,892 989,718 1 1 1 1 ; 3,416 5,443 1,471 3.239 3,384 5,731 1,843 6,704 10,08 14,36) 183,075 124,913 223,005 220,986 431,35 2821,320 12,672,694 3034,977 4382,295 3158,380 2547,332 8711,240 2107,117 1114,598 2208,465 2005,655 5703,261 l/ After deducting $16,000 participations of other Federal Reserve Banks, STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 5, 1955 (In thousands of dollars) i.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 26,131,140 1568,471 5,889,102 1777,402 2424,489 1968,309 1336,432 $064,009 1191,221 537,625 1037,604 716,424 2620,052 Deposits: Member bank-reserve accts, 18,507,214 842,888 5,391,828 907,737 1458,528 793,211 852,653 2831,200 673,432 397,130 888,426 993,829 2476,352 U.S.Treasurer-general acct. 480,848 31,162 76,917 29,820 37,064 42,100 40,316 48,645 28,784 27,781 40,400 35,666 42,193 Foreign 388,407 22,620 1/121,466 27,521 34,307 18,850 16,211 52,780 14,326 17,719 38,856 9,425 14,326 Other 188.211 4.118 309.920 9.612 6.564 3.145 1.100 38.668 2.649 2.014 7.505 1.612 1.304 Total deposits 19,764,680 900,788 5,900,131 974,690 3536,463 857,306 911,829 2934,639 724,047 435,948 944,456 1048,314 2596,069 Deferred avail, cash items . 3,366,819 279,923 546,269 196,446 312,090 269,031 243,647 540,507 144,087 109,152 178,517 184,431 362,719 Other liabilities and accrued dividends 17.982 805 5.138 963 2.117 833 962 9.875 654 667 658 673 1.617 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 49,280,621 2749,987 12,340,640 2949,501 4275,159 3095,479 2492,870 8542,030 2060,009 1083,392 2161,235 1949,842 5580,477 597,785 15,822 89,106 19,575 28,3.70 13,443 13,342 39,558 10,399 6,793 11,760 15,729 33,888 660,901 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 2,140 200.Zi.89 12.191 47.559 13.639 17.518 12.629 10.878 11.657 9.569 6.422 9.578 8.792 20.037 50,467,339 2821,320 12,672,694 3034,977 4382,295 3158,380 2547,332 8711,240 2107,117 1114,598 2208,465 2005,655 5703,266 27,166 2,786 1,632 2/7,908 1,985 128 2,475 327 1,360 11 1,170 83 3,808 1,034 680 1,034 2,237 1,278 2,802 FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 27,039,673 1632,394 6,061,451 1840,739 2523,345 2013,031 1384,263 5149,444 1251,208 582,384 1065,774 757,707 2777,933 11,363,000 640,000 2,670,000 725,000 1070,000 745,000 500,000 2400,000 400,000 150,000 280,000 283,000 1500,000 39,040 34,695 140,980 19,395 — 26,650 — 16,675 — — 4,525 16.915.000 1200.000 1.600.000 1200.000 1500.000 1100.000 1000.000 2900.000 910.000 500.000 800.000 525.000 1500.000 28,438,980 1859,395 6,270,000 1951,650 2570,000 2061,675 1500,000 5300,000 1314,525 689,040 1114,695 808,000 3000,000 l/ After deducting $266,916,000 participations of other Federal Reserve Banks. 2/ After deducting $19,258,000 participations of other Federal Reserve Banks.
@FedFRASER