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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release September 15, 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 September 14 increased $65 million to $18,750 million. The principal changes supplying reserves were an increase of $176 million in Reserve Bank credit and a decrease of $17 million in Treasury deposits with Federal. Reserve Banks. The principal offsetting changes were increases of $84 million in Money in circulation and $40 million in Foreign deposits with Federal Reserve Banks. Estimated average excess reserves of member banks for the week increased $43 million to $642 million. The increase of $176 million in average Reserve Bank credit for the week resulted principally from increases of $139 million in Float and $53 million in Member bank borrowings, and a decrease of $17 million in U. S. Government securities bought outright. As of Wednesday, September 14, holdings of U. S, Government securities bought outright were $88 million lower than a week earlier and Member bank borrowings were $62 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 reserve balances— Required reserves (estimated Excess reserves (estimated) Weekly Averages of Daily Figures Week Ending Change from Week Ending Sept. 14, 1955 Sept. y, 19551 Sept. 15, 1954 (in millions of dollars) 23,744 69 17 3 - 17 + 4 + - 2 5 - ' + + + 891 27 826 25,577 21,682 5.006 52,265 + 1 +177 + 30,520 803 , 43GT 419 400 942 33,515 + 84 - 3 - 17 + 40 + 7 - 1 +112 + 18.750 18,108 642 + 65 + 22 + 43 + 53 — +139 +176 + - + + - + + - - + + + + - 291 69 17 3 807 79 112 638 .127 39 551 447 8 128 140 32 17 173 377 514 137 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 21,682 Treasury cash holdings 805 Treasury currency outstanding 5,005 Member bank) - Required (est.) 18,148 Money in circulation 30,452 reserves ) - Excess (est,) 304 On September 14, 1955, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,356 million, a decrease of $20formillion Digitized FRASER for the week and an increase of $374 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. 7, Sept. 15, 1955 1954 Sept. 14, 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 U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,145,353 845,051 20,990,404 259,416 351,031 535,686 722 17,292 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS - - + + - + + 2 2,498 2,500 54,537 20,493 61,824 160 884 88,200 950,846 2,520,076 17,399,536 2,801,750 23,672,206 68,200 23,672,205 24,225,908 rx - • - + + + - + 131,747 2,001 133,748 118,336 4,993 337,677 251 17,292 - 315,304 -4,079,715 +4,370,515 - 290,800 - 315,304 88,200 - 315,304 148,980 + 39,414 . . 2 2 * 5,197/549 58,915 184,378 51,267,623 +1,597,585 + 247 +1,529^0 + 419,735 + 5,515 + 40,645 + 494,890 + + 8,158 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 26,170,231 - 18,452, l j g y f 427, # 8 410,459 381,677 19/71,12^1 4,241,538 16,103 50,099,^68. + 245,604 47,949 + 33,291 + 7,358 + 238,304 +1,300,533 + 995 +1,523,445 - 189,717 82,278 95,712 27,216 - 394,923 + 297,598 1,025 + 441,780 C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section IJb) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 660,901 27,543 182,500 51,267,^23 + + + 297,211 16,384 215 + 5,877 +1,529,540 540,130 21,583 35,888 + frffl 494,890 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.8# .2$ Contingent liability on acceptances purchased for foreign correspondents 27,221 + 1 21,636 Industrial loan commitments 620* + 2,797 641 ^September 7 figure revised MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 14, 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 Total Discounts and advances 516,651 19,026 9 535,686 Industrial loans 15 90 499 Acceptances 57^9— 12,623 118 722 17,292 U. S. Government securities 444,950 505,896 18,205,764 2,087,127 1,013,614 1.414,857 23,672,208 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 14, 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 U. S. Govt, securities: Bought outright— Bills Certificates Notes Total Boston 20,145,353 970,302 845,051 51,362 20,990,404 1021,664 New York Phila. Cleve. Rich. Atlanta 5,079,398 1 1 9 8 , 6 3 1 1820,910 1242,331 177,574 58,868 73,853 71,368 5 , 2 5 6 , 9 7 2 1257,499 1894,763 1313,699 259,4l6 351,031 535,686 722 16,031 26,286 13,000 — 52,551 70,656 81,207 — 17,292 — 17,292 20,654 18,136 26,447 656 9,800 36,637 35,782 — 16,905 21,187 15,788 — Chicago St.Louis 8 7 2 , 0 3 2 3727,231 828,687 Mpls. Kans.Cy. 347,407 810,732 40,355 147,800 45,297 23,985 922,247 3875,031 873,984 371,392 9,079 17,863 18,063 — 9,372 7,808 74,947 66 50,215 42,170 28,l4o 38,764 -- 21,180 56,241 146,013 — 12,755 11,293 35,840 705,242 2 5 4 2 , 4 5 c 27,466 76,906 732,708 2 6 1 9 , 3 5 6 12,827 11,357 37,388 36,092 45,427 12,447 23,672,208 1307,274 49,080 165,853 39,458 130,082 439,569 104,578 8 9 8 , 1 2 9 3034,949 722,046 f X. JL J V, jG\J CS+\J ( yJL X\JJ , WcJL H-UO9 ( UJLHO, £Of 6,016,173 1440,738 2034,461 1394,625 1221,912 4129,072 982,349 573,649 1029,504 9 4 9 , 2 0 8 2 5 9 3 , 2 4 3 Total U. S. Government securities 23,672,208 1307,274 6,016,173 1440,738 2034,461 1394,625 1221,912 4129,072 573,649 1029,504 Total loans and securities 24,225,908 1320,274 6 , 1 1 4 , 6 7 2 1467,841 2070,243 1410,413 1 2 6 0 , 6 7 6 4 2 7 5 , 0 8 5 1000,412 648,662 1065,344 9 8 6 , 5 9 6 2 6 0 5 , 6 9 c Total Held under repurchase agreement Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 950,846 2,520,076 17,399,536 9 f yv 1 N 22 5,197,549 58,915 184,378 52,509 139,169 960,872 1 1 377,353 5,737 9,920 241,652 57,871 81,719 56,018 640,465 153,376 2 1 6 , 5 8 3 148,469 4,422,005 1 0 5 8 , 9 7 1 1495,368 1 0 2 5 , 0 7 6 851,087 Dallas SanFran. 9 1/ 6 9^3,804 7,462 45,210 2 290,793 5,139 10,830 1 2 472,748 422,228 5,379 4,780 15,718 10,867 1 376,854 4,266 10.103 3 823,052 6,129 33,616 982,349 1 217,858 3,423 7,368 23,043 41,352 3 8 , 1 2 7 104,164 6 1 , 0 6 8 109,598 1 0 1 , 0 5 0 2 7 6 , 0 6 5 421,643 756,706 6 9 7 , 6 8 7 1 9 0 6 , 0 % O J y Ojp 1 150,403 1,474 4,367 iul y OHOl l d j JT4 jUOj7tC 1 314,366 3,288 7,918 949,208 2593,243 1 293,092 1,846 8,700 M 2 514*998 9,992 19,761 5 1 , 2 6 7 / 2 3 2 7 7 7 , 2 6 6 12,491,333 3070,894 4 5 0 5 , 2 9 0 3 2 0 0 , 0 8 0 2644,457 9090,337 2 1 2 9 , 9 8 8 1193,479 2 2 6 6 , 0 5 2 2 0 4 7 , 1 2 7 5 8 5 1 , 3 2 0 1/ After deducting $ 1 6 , O O O p a r t i c i p a t i o n s of other Federal Reserve Banks. 5 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 14, 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. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 26,170,231 1578,345 5,881,867 1782,577 2433,054 1941,837 1324,579 5082,609 1184,412 541,038 1041,149 Deposits: A Member bank-reserve accts. 18,452/172 758,565 5,095,090 884,685 1491,749 790,035 884,573 3051,668 670,155 444,882 860,786 U.S. Treasurer^-general acct, 69,021 427 > 8 8 34,473 33,560 42,011 27,780 37,257 55,801 28,599 30,925 28,049 Foreign 410,459 23,520 1/132,898 28,616 35,672 19,600 16,856 54,880 14,896 9,800 14,896 Other 381.677 2.873 304.811 9.812 4.802 3.604 4.329 1.757 7.634 651 1.146 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 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 19,671,696 819,431 5,601,820 956,673 1574,234 841,019 943,015 3164,106 4,241,538 307,861 675,689 246,421 390,964 354,547 322,593 675,375 719,667 2659,09*5 U. 976,124 2543i860 19,408 20X04 18,424 40,401 1.352 38.906 4 721,284 486,258 904,877 1015,308 2643,571 177,206 134,982 273,094 256,298 426,508 16.103 1.085 4.720 799 1.403 840 678 2.568 620 506 599 715 1.57C Vs 50,099,\68 2706,722 12,164,096 2986,470 4399,655 3138,243 2590,865 8924,658 2083,522 1162,784 2219,719 1991,988 5730,1*46 297,211 15,797 89,081 19,573 28,318 13,414 13,338 39,513 10,398 6,750 11,653 15,705 33,671 660,901 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 2,140 182.500 11.427 42.767 12.589 16.089 11.594 10.012 28.171 8.928 5.954 8.788 8.142 18.039 51,267, |> 23 2777,26612,491,333 3070,894 4505,290 3200,080 2644,457 9090,337 2129,988 1193,479 2266,052 2047,127 5851,^20 5 % 27,221 1,632 2,797 2/7,964 1,986 118 2,475 327 1,360 11 1,170 85 3,808 11 1,033 680 1,033 2,245 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. 27,099,495(1639,829 6,085,812 1846,850 2525,160 1996,708 1384,699 5171,687 1235,044 11,363,000) 640,000 764,553 2794,525 725,000 1070,000 745,000 500,000 2400,000 375,000 175,000 (280,000 283,000 1500,000 24,500 — 14,455 — — 17,050 74,134 ^54,62716.935.000 1200.000 3.600.000 1200.000 1500.000 1300.000 1000.000 2900.000 910.000 500.000 800.000 525.000 1500.000 28,494^-66 1851,400 6 , 2 7 0 , 0 0 0 1 9 4 9 , 5 0 0 2 5 7 0 , 0 0 0 2 0 5 9 , 4 5 5 1 5 0 0 , 0 0 0 5 3 0 0 , 0 0 0 1 3 0 2 , 0 5 0 749,134 1134*427 8 0 8 , 0 0 0 3 0 0 0 , 0 0 0 tlis 1/ After deducting $277,536,000 participations of other Federal Reserve Banks, 2/ After deducting $19,257,000 participations of other Federal Reserve Banks. 11,400 2,670,000 584,823 1C69,805
@FedFRASER