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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release September 13, 1956 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of dally figures of member bank reserves for the week September 12 increased $288 million to $19,088 million. Estimated required increased $25 million; and estimated excess reserves increased $263 million $712 million. Member bank borrowings at the Federal Reserve Banks exceeded reserves by $300 million, compared with $347 million the week before. ending reserves to excess The principal changes supplying average reserves were increases of million in Federal Reserve float, $216 million in member bank borrowings, and $22 million in gold stock. The principal offsetting changes were increases of $123 million in money in circulation and $91 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $480 million. $258 As of Wednesday, September 12, U. S. Government securities held under repurchase agreement were $35 million lower than a week earlier and member bank borrowings were $84 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 Acceptances-Bought outright Held under repurchase agreement Loans, discounts, and advancesMember bank borrowings Other Float Total Reserve Bank credit 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) Averages of daily figures For week ending Change from week ending Sept. 12, 1956 I Sept. 5, 19561Sept. 14, 19^5 (In millions of dollars) 23,829 29 + 11 - 2 19 - - - 2 + 85 - 40 + - 2 3 1,012 1 1,045 25,934 21,883 5,042 52,859 +502 30,910 770 518 381 252 941 33,771 +123 - 1 + 91 + 2 + 1 - 2 7215 T25Z 19,088 18,376 712 +288 + 25 +263 +338 +235 +104 +216 - — +258 +480 + 22 - - +121 - 26 +219 +357 +201 + 36 +59# +390 - 33 + 87 - 38 -148 - 1 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 21,883 Treasury cash holdings 781 Treasury currency outstanding 5,042 Member bank) - Required (est.) i8,4o6 Money in circulation 30,847 reserves ) - Excess (est.) 294 On September 12, 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,691 million, a decrease of $3 million for the week and an increase of $335 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. 14, Sept. 5, 1956 1955 Sept. 12, 1956 A S S E T S Gold certificate account 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 U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,345,393 856,636 21,202,029 328,597 358,970 603,944 961 18,46o + > + + 10,999 10,999 37,908 3,299 84,333 7 691 • 239 1,168 10,932,699 - - 24,451,897 22 4,941,571 70,653 273,734 51,627,473 26,592,045 18,699,950 553,922 376,473 242,607 19,872,952 3,878,362 18,692 50,362,051 318,867 693,612 27,543 225,400 51,627,473 34,600 34,600 23,828,532 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 7,939 68,258 10,676 - 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 + + 69,181 +8 ,412,623 -8,245,623 9,153,913 L I A B I L I T I E S Federal Reserve notes ~~ "" Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES + + + 200,040 11,585 211,625 940,170 2,801,750 23,828,532 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS > , 156,324 «• + 156,324 - 119,617 + + + + 840,400 l6l 11,568 773,719 + + 256,178 11,738 89,356 359,650 3,854 + 421,814 58,606 + > + + 247,778 126,434 33,986 139,070 201,156 363,176 2,589 262,383 + 21,656 32,711 225,989 -- - + + - + + + - + 145,325 67,360 2,879 139,450 629,093 1,164 763,525 + - -— • + - 660 - - — «• + + 9,534 773,719 .2<fo 45.656 51,604 , ,2,423 + • 58 ?7 + 42,900 359,650 - .2# + - 24,383 ,, 374. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 12, 1956 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advances Within 15 days l6 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total Industrial loans 1 599,706 4,176 62 603,944 60 582 316 m Acceptances 7,158 11,302 18,460 U. S, Government securities 121,250 6,739,619 13,452,065 1,087,127 1,013,614 1,414,857 23,828,532 H.4.1(b) STATEMENT OF CONDITION OP EACH FEDERAL RESERVE BANK OH SEPTEMBER 12, 1956 (In thousands of dollars) FhilaCleveSt. Boston New York Richmond Atlanta Chicago delphia land Louis Total Minneapolis Kansas | City jDallas 825,003 367,183 853,332 42,584 23.163 42,206 San IFrancisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 20,345,393 986,416 856,636 58,508 21,202,029 1044,924 F.R. notes of other Banks Other cash 328,597 358,970 38,984 28,797 58,978 79,334 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 603,944 24,340 226,405 5,154,663 1108,923 1850,627 1310,603 184.886 60.566 74.339 68,876 5,339,569 1169,489 1924,966 1379,479 912,897 3690,738 50,395 153,632 738,810 2546,178 25,680 71.801 963,292 3844,370 867,587 390,346 895,538 764,490 2617,979 25,090 44,808 11,532 34,352 20,200 20,863 41,432 29,411 24,830 48,304 11,554 20,154 18,741 8,674 12,242 11,479 15,726 13,836 29,570 38,676 14,620 614 74,640 28,870 25,975 105,075 20,675 12,871 47 49,472 19,651 1,350 940,170 51,677 10,932,699 600,927 9,153,913 503,154 2,801,750 154.001 23,828,532 1309,759 236,619 56,496 81,318 57,886 48,343 164,033 2,751,520 656,957 945,602 673,115 562,148 1907,450 2,303,839 550,068 791,749 563,597 470,685 1597,102 705.139 168.360 242.132 172.501 144.063 488.827 5,997,117 1431,881 2061,001 1467,099 1225,239 4157,412 39,252 456,440 382,176 116.973 994,841 21,236 40,737 246,937 473,714 206,759 396,639 63.283 121,400 538,215 1032,490 37,366 105,207 434,509 1223,380 363,813 1024,332 111.353 313.518 947,041 2666,437 Total U. S. Govt, sees. 23,828,532 1309,759 5,997,117 1431,881 2061,001 1467,099 1225,239 4157,412 994,841 538,215 1032,490 947,041 2666,437 Total loans & securities 24,451,897 1334,399 6,241,982 1447,115 2135,641 1495,969 1251,214.4262.487 1015,516 551,133 1 220,558 4,058 11,151 1 143,500 4,593 6,095 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 961 300 18,460 18,460 22 1 4,941,571 70,653 273,734 390,936 5,385 14,893 1/6 2 8407800 280,680 8,736 66,847 4,871 16,138 2 457,609 7,404 23,692 1 374,006 3,986 14,942 3 833,445 5,928 49,690 1 237,126 4,172 11,581 1 243,220 3,479 11,556 2 509,151 10,986 30,405 51,627,473 2858,319 12,636,252 2988,193 4595,198 3350,851 2678,284 9069,057 2150,579 1123,083 2254,101 2019,000 5904,556 1/ After deducting $ 1 6 , 0 0 0 participations of other Federal Reserve Banks. 1 410,540 7,055 16,744 1081,962 966,692 2667,787 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 12, 1956 (In thousands of dollars) St. Phila- Cleve- Richmond Atlanta Chicago New York Boston Louis land delphia Minneapolis 26,592,045 1590,031 6,105,441 1727,737 2488,366 2064,287 1307,022 5144,609 1176,597 501,368 1054,821 711,353 2720,413 18,699,950 553,922 376,473 242,607 197872,952 825,463 33,438 22,420 2,146 883,467 2992,748 694,659 970,129 42,019 " 164,918 5,594,572 2497,858 38,417 39,925 42,649 2618,849 3,878,362 309,177 582,437 H.4.1(c) Total Kansas City Dallas San Francisco L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S.Treas.-gen. acct. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 882,585 1519,190 818,725 44,834 50,146 45,287 1/105,128 27,360 34,560 19,380 5,230,553 93,973 940,953 39,223 16,720 2,226 64,296 28,759 423,697 35,739 903,390 37,791 53,200 14,440 8,421 9,500 761 14,440 826 19,380 1,268 9,992 1,573 964,771 1605,489 5,557 888,949 2,270 999,122 3112,514 746,279 469,697 956,447 1032,796 204,996 385,390 329,318 312,767 177,349 118,979 191,499 211,621 891 5,196 951 2,020 18,692 50,362,051 2783,566 12,287,646 2898,455 4401,265 719 822 3283,514 12,832 17,544 33,847 1,307 9,710 38,772 71,275 2,140 22,734 4595,198 3350,851 2678,284 9069,057 2150,579 1123,083 2254,101 2019,000 5904,556 1,961 2,632 5,4l8 1085,483 749,120 2827,215 960 626,226 827 3,213 715 608 2619,738 8886,562 2100,940 1090,652 2203,486 1956,592 428,603 1,770 5769,635 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Cbnting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. Eligible paper U. S. Govt, securities Total collateral 318,867 693,612 16,355 4l,667 27,543 225,400 13,720 51,627,473 3,011 91,963 195,827 7,319 53,497 2858,319 12,636,252 2988,193 3,044 2/ 14,762 27,491,685 1646,178 6,333,008 51,604 2,423 20,460 49,491 4,489 15,298 30,363 62,563 1,006 20,001 14,597 35,012 3,349 14,379 14,941 30,841 762 12,002 43,048 10,921 1,429 36,124 27,649 521 10,548 101,894 7,224 2,632 2,270 4,695 104 175 FEDERAL RESERVE AGENTS' ACCOUNTS 1804,754 2557,401 2122,829 1366,516 5229,410 3,715 16 7,071 17,586 1,073 6,701 1,961 1,290 1217,628 552,143 11,548,000 580,000 2,870,000 650,000 1090,000 895,000 500,000 2300,000 450,000 150,000 20,675 —— 14,620 —— —— ~~ 84,767 46o,ooo 3100,000 900,000 3,600,000 1200,000 1550,000 1300,000 1000,000 1200,000 17,135,000 610,000 1780^000 6^470^000 1864/620 2640,000 2195,000 1500,000 5400,000 1370,675 28,767,767 1/ After deducting $271,320,000 participations of other Federal Reserve Banks, 2/ After deducting $36,842,000 participations of other Federal Reserve Banks 25,960 1,137 10,686 2,128 280,000 283,000 1500,000 49,472 800,000 525,000 1500,000 1129,472 808,000 3000,000
@FedFRASER