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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM October 7 , 1954 (For Immediate Release) CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended October 6, Member bank reserves increased , $5 million. The principal changes supplying reserves were an increase of % million in Reserve Bank credit and a decrease of $144 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes vere increases ol $129 million in Money in circulation, $67 million in Foreign deposits with Federal Reserve Banks, $29 million in Other deposits with Federal Reserve Backs, and $19 million in Other F. R. accounts (net). The increase of $644 million in Reserve Bank credit resulted from increases of $535 million in U. S. Government securities bought outright and $ 5 3 million in Float, and a decrease of $44 million in Loans, discounts and advances. Holdings of U. S. Government securities bought outright reflected an increase of $535 million in bills. Member Bank Reserves and Related Items Reserve Bank credit: U. S. Government securities — Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 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) Member bank reserves Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks October 6, 1954 Change since Sept. 29, October 7, 1954 1953 (In millions of dollars) 24,580 +535 -768 256 664 25,501 21,810 4,971 - 44 +153 +644 - 28 + 58 -737 -318 + 99 30,051 799 625 556 427 951 +129 + 3 -144 + 67 + 29 + 19 -323 -485 +101 + 72 + 57 + 52 18,875 +544 -428 18,101 774 +46l + 83 -656 +228 950 +318 +275 -350 62 — — - - - 16 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,029 million, an increase of $34 million for the week and an increase of $383 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 Sept. 29, October 7, 1954 1953 October 6, 1954 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. Government securities: • Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities t 122,704 330,305 255,250 759 - 2 3,133 3,131 14,278 19,432 43,649 1,859,250 6,599,791 13,029,021 3,092,550 + 535,000 24,580,612 + 535,000 — 767,062 24,580,612 + 535,000 - 767,062 24,836,621 22 3,627,086 53,504 145,467 50,241,941 4 491,240 • 2,191 41 13,152 + 443,397 25,646,743 + 93,171 18,874,552 625.164 556.165 426,753 20,482,634 2,962,905 + l44,028 + 66,967 + 28,409 +495,023 543,675 + 100,897 + 72,509 ^ • 549W - 198,343 + + 150,653 142 437,683 + 159,565 - 493,912 + 171 + + 14,273 40,337 + 5,543 - 32,837 21,126,232 Total loans and securities Due from foreign "banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 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 + 206,001 - 20,276 20,287,103 839,129 m,pm + - m 49,110,143 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 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 111 276,013 625,013 27,543 203,229 + + 185,725 48,500 938 - 197,062 - 26,105 2,050 + 748,250 744,650 573,600 795,217 - 217,565 3,475 36,125 472,139 - 452,010 + - - 428,689 45.8# ,6# 1,0# 7,849 1,571 90 18,201 1,168 2,150 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 6, 1954 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Within 15 days l6 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 67,367 187,883 Industrial loans 49 36 8,619,800 6,689,591 6,320,750 1,013,614 255,250 759 24,560,612 2 672 U. S. Government securities 522,000 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 6, 195* (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 U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Total Boston New York Phila- CleVe, Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 20,287,103 1070,836 5,501,579 1205,610 1702,593 1152,626 977,818 3534,656 790,006 440,367 870,862 765,578 2274,572 21,126,232 1121,217 5,668,318 1259,914 1778,754 1221,982 1032,445 3679,777 837,534 465,145 910,893 794,620 2355,633 6,328 16,979 4,490 3,461 7,585 6,249 10,159 9,292 122,704 330,305 255,250 8,114 30,534 64,000 114,135 102,590 364,163 718,915 170,641 474,912 1,685,798 3,328,029 789,936 7,622 22,858 759 1,859,250 6,599,791 13,029,021 3,092,550 4,772 19,450 15,230 676 5,188 37,127 13,600 7,449 15,126 7,194 401,650 565,648 388,715 159,350 109,506 792,921 1116,679 188,206 265,053 767,383 182,145 113,150 16,049 30,353 7,215 15,444 57,872 54,195 94,693 325,030 336,133 1153,763 663,582 2277,707 157,507 540,633 2,825 83 77,801 45,658 276,168 162,071 80,215 545,199 129,408 319,953 75,944 284,742 562,124 133,425 I06Q,506 6,828 12,780 12,122 5,174 36,674 13,786 73,058 203,287 259,332 721,608 511,962 1424,567 121,519 338,133 Total U. S. Government securities 24.580,612 1356,309 6,278,675 1495.927 2106,730 1447,749 1251.915 4297.133 1028,576 603,626 Total loans and ~ securities 24,836,621 1364,423 6,392,810 1511,833 2120,330 1454,943 1259,130 4351,328 1033,066 606,534 1069,798 971,045 2701,381 1 113,713 1,019 3,490 1 182,547 559 6,717 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 1 53,504 145,467 5,929 7,713 3,627,086 270,763 50,241,941 1/ 6 2 2 1 1 3 1 6907120 221,196 313,597 292,372 246,706 564,103 171,058 7,255 5,168 5,037 4,549 3,920 6,334 2,849 36,185 8.420 12,884 8,516 7,888 25,300 6,203 2800,526 12,889,228 3030,755 4272,919 3004,938 2596,492 8700,161 6,541 2687,595 2 336,676 8,434 15,610 2074,018 1260,948 2230,327 1974,439 5467,190 1/ After deducting $16,000 participations of other Federal Reserve Banks. ft 1 224,235 2,451 965,871 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 6, 1954 (In thousands of dollars) a.4.i(c) L I A B I L I T I E S Total Boston 25,646,743 1567,987 Federal Reserve notes Deposits: Member bank-reserve accts. 18,874,552 845,003 U.S.Treasurer-general acct. 625,164 35,599 Foreign 556,165 33,550 4.123 Other 426,753 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,738,878 1779,149 2371,139 1814,657 1369,840 4953,617 1145,328 588,243 1007,496 733,192 2577,217 442,665 29,405 13,750 1,049 965,019 2347,739 37,448 45,169 25,850 56,119 699 33,112 486,869 990,231 1029,016 2482,139 5,640,829 176,819 1/165,646 340,000 906,790 1433,800 42,355 38,933 50,600 40,700 13.099 10,357 806,854 39,301 3.319 899,952 2963,122 697,359 37,906 82,247 20,236 23,650 76,450 20,900 3.765 5,089 7,976 996,780 1539,854 171,100 256,746 877,524 251,533 965,273 3126,908 746,471 208,9f? 456,040 136,387 2,071 848 28,050 925,420 39,746 20,900 4,165 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,482,634 2,962,905 918,275 244,512 6,323,294 505,224 17,861 793 5Y&29 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,110,143 2731,567 12,573,025 2947,944 4169,810 2944,562 2544,902 8539,355 2028,822 1171,182 2185,577 1922,120 5351,277 83,601 18,715 26,724 12,477 12,011 36,508 9,570 6,146 10,596 14,002 30,875 276,013 14,788 176,633 45,909 57,648 31,750 28,034 90,792 25,465 16,219 23,456 28,146 62,182 625,013 38,779 1,307 2,140 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 27,543 3,011 8,864 20,716 48,650 13.698 17.731 12,800 10,783 32,077 9,640 6,328 9,561 203,229 12,381 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 50,241,941 7,849 2,150 2800,526 12,889,228 476 2/2,311 915 3030,755 4272,919 3004,938 577 698 718 598 398 39 814 2,790 2596,492 8700,161 335 110 1,084 18 636 95,574 187,186 159,283 290,345 496 664 629 1.576 2074,018 1200,948 2230,327 1974,439 5467,190 296 195 296 687 367 796 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,555,284 1621,301 5,937,726 1861,793 2475,696 1859,267 1419,249 5052,391 1195,736 623,927 1033,384 771,856 2702,958 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 1380,000 3,076 200 5,302 500 1,839 7,460 20,086 1,709 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 27,978,086 1841,709 6,270,000 2007,460 2500,000 1926,839 1485,000 5100,000 1275,500 675,200 1085,302 808,000 3003,076 1/ After deducting $390,500,000 participations of other Federal Reserve Banks. 2J After deducting $5,538,000 participations of other Federal Reserve Banks.
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