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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) September 16, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserve and Related Items During the week ended September 15, Member bank reserves increased $368 million. The principal changes supplying reserves were an increase of $315 million in Reserve Bank credit and decreases of $117 million in Money in circulation, $18 million in Foreign deposits with Federal Reserve Banks, and $11 million in Treasury cash holdings. The principal offsetting changes were increases of $64 million in Treasury deposits with Federal Reserve Banks, $18 million in Other deposits with Federal Reserve Banks, and $12 million in Other F. R. accounts (net). The increase of $315 million in Reserve Bank credit resulted from increases of $328 million in Float and $44 million in Loans, discounts and advances, and a decrease of $57 million in U. S. Government securities bought outright. The decrease in U. S. Government securities bought outright was entirely in bills. Member Bank Reserves and Related Items Sept. 15, 1954 Change since Sept. 16 Sept. 8, 1953 1954 (In millions of dollars) Reserve Bank credit: U. S. Government securities-Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,987 - 57 -1,097 834 25,02.0 21,809 + 44 +328 +315 -- - 114 - 109 -1,444 - 369 4,967 — -199 -— - 123 + 99 + 337 481 154 1 28 53 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) 29,998 797 510 506 409 935 -117 - 11 + 64 - 18 + 18 + 12 Member bank reserves 18,642 +368 -1,129 17,544 1,098 + 74 +294 -1,341 + 212 870 + 25 + 27 + - Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks 84 + + 115 457 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,982 million, an increase of $25 million for the week and an increase of $380 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. 8, Sept. 16, 1954 1953 Sept, 15, 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 20,277,100 847,052 21,124,152 141,080 346,038 198,009 973 1,266,150 6,599,791 13,029,021 3,092,550 23,987,512 + - + + + + + + + - 57,000 - 57,000 - — - - - 57,000 - - 23,987,512 156,997 20,970 136,027 51,713 6,876 112,758 1,684 - 526,154 + 748,250 - 744,650 - 573,600 -1,096,154 - 123,350 -1,219,504 - - Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 10,003 10,001 2 31,706 18,040 44,130 204 24,186,494 22 4,777,814 53,400 143,733 50,772,733 12,666 -1,333,946 +1,539,560 + 15 4,753 +1,571,900 72,200 + 3,294 31,330 -1,342,992 25,630,101 - mm 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 18,641,889 509,566 506,171 408,893 20,066,519 3,943,940 17,128 49,657,638 367,480 63,347 17,548 + 18,229 + 431,508 +1,211,548 + 1,704 +1,565,902 -1,129,273 + 153,576 977 + 28,201 - 948,473 + 37,121 3,155 -1,371,410 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 275,628 625,013 27,543 186,861 50,772,733 + + + Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 46.256 5,585 2,156 78,778 + + 562 — ** • - 456,903 14,232 40,337 — + 5,356 +1,571,900 26,151 -1,342,992 - + 1,656 - 20,067 1,346 + - 306 205 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. SEPTEMBER 15, 1954 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Within 15 days 16 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 90,080 107,873 56 __ 198,009 Industrial loans ffirf 18 272 36 __ _ 973 U. S. Government securities " 344,000 921,250 13,972,l4l 6,320,750 1 013 6l4 23,907,512 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 15, 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 U. S. Government securities Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS Total Boston 20,277,100 1010,793 847,052 New York Cleve. Rich. 5,507,966 1221,218 1725,153 1066,501 168,251 50,745 21,124,152 1061,538 Phila. 55,025 76,761 72,360 5,676,217 1276,243 1801,914 1138,861 141,080 346,038 198,009 973 9,222 23,919 10,980 29,524 62,850 39,460 1,266,150 6,599,791 13,029,021 3,092,550 69,864 364,163 718,915 170,641 323,415 1,685,798 3,328,029 789,936 6,308 22,672 11,500 880 6,262 37,409 24,735 9,631 15,491 12,095 77,055 108,518 401,650 565,648 792,921 1116,679 188,206 265,053 74,574 388,715 767,383 182,145 Atlanta Chicago St.Louis 929,596 3739,061 Mpls. Kans.Cy. Dallas SanFran. 794,909 455,469 857,148 145,700 47,696 24,838 40,150 984,579 3884,761 842,605 480,307 897,298 16,716 59,907 42,130 6,798 18,691 5,665 10,118 9,152 8,025 93 7,471 11,349 15,930 64,486 221,346 336,133 1153,763 663,582 2277,707 157,507 540,633 52,982 276,168 545,199 129,408 31,093 162,071 319,953 75,944 54,626 284,742 562,124 133,425 49,752 138,439 259,332 721,608 511,962 1424,567 121,519 338,133 54,983 16,809 31,520 6,815 719,485 2249,801 29,176 81,367 748,661 2331,168 6,538 12,649 6,764 15,683 40,429 13,910 23,987,512 1323,583 6,127,178 1459,832 2055,898 1412,817 1221,708 4193,449 1003,757 589,061 1034,91? 942,565 2622,747 24,186,494 1334,563 6,166,638 1472,212 2080,633 1424,912 1228,523 4235,579 1009,422 597,179 1050,847 949,329 2636,657 l 1 153,559 1,005 3,463 1 226,127 562 6,807 22 4,777,814 53,400 143,733 l 353,830 5,963 7,833 / 6 916,180 7,271 35,384 2 272,492 5,173 8,519 2 444,828 5,062 12,627 1 409,307 4,571 8,391 1 345,682 3,933 7,793 3 777,950 6,327 24,869 1 203,665 2,853 6,131 1 232,987 2,457 6,435 2 441,207 8,223 15,48l 50,772,733 2796,869 12,894,070 3063,621 4388,737 3011,165 2618,840 9006,112 2090,166 1254,784 2208,845 1950,674 5488,850 l/ After deducting $16,000 participations of other Federal Reserve Banks. H.4.1(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 15, 1954 (In thousands of dollars) Total Boston Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,745,186 1784,651 2383,914 1778,209 1358,068 4965,635 1135,385 593,605 1001,074 730,676 2579,297 5,497,200 157,568 1/158,962 325,564 895,079 1441,454 37,211 31,208 36,186 44,988 455,848 33,140 12,225 914,842 2302,408 31,478 29,734 22,983 49,897 844,357 6,139,294 309,131 692,373 978,537 1527,238 217,747 374,036 834,916 337,904 1,743 685 Federal Reserve notes 25,630,101 157^,401 Deposits: Member hank-reserve accts. 18,641,889 789,494 U.S.Treasurer-general acct. 509,566 21,805 Foreign 506,171 29,829 Other 408,893 3,229 New York Fhila. Cleve. Rich. Atlanta 768,611 38,304 24,939 859,250 3087,710 28,586 59,343 21,027 67,971 686,003 25,775 18,582 943,990 15,414 18,582 " L t ... r,' f Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,066,519 3,943,940 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,657,688 2728,632 12,582,408 2981,754 4286,931 2951,714 2568,104 8848,440 2045,570 1225,407 2164,789 1898,998 5374,941 14,784 275,628 83,494 18,755 26,736 12,469 11,938 36,435 9,574 6,122 10,573 13,940 30,808 625,013 176,633 45,909 57,648 31,750 28,034 90,792 25,465 16,219 23,456 28,146 62,182 38,779 3,011 27,543 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o 186,86l 11,663 44,216 12,714 l6,4l6 11,883 10,002 29,016 9,036 5,963 8,890 8,283 18.779 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 17,128 743 5,555 819 910,353 3218,193 298,535 662,111 1,148 2,501 741,373 168,277 501,804 129,239 980,660 182,505 535 759 550 970,041 2419,753 197,547 374,535 734 1,356 50,772,733 2796,869 12,894,070 3063,621 4388,737 3011,165 2618,840 9006,112 2090,166 1254,784 2208,845 1950,674 5488,850 5,585 2,156 342 2/1,609 4l4 675 515 599 286 45 241 113 778 19 213 140 213 705 263 571 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,645,867 1633,807 Collateral for F.R. notes: Gold certificates 11,093,000 640,000 Eligible paper 37,260 4,575 U. S. Govt, securities 16,865,000 1200,000 Total collateral 27,995,260 1844,575 5,952,152 1880,431 2486,239 1848,903 1427,612 5060,644 1182,918 629,194 1032,364 771,417 2740,186 2,670,000 175,000 280,000 5,4oo 11,940 500,000 800,000 680,400 1091,940 283,000 1380,000 800,000 1000,000 625,000 485,000 2400,000 355,000 3,730 — 6,740 — — 1,675 3,600,000 1200,000 1500,000 1300,000 1000,000 2700,000 920,000 6,270,000 2003,730 2500,000 1931,740 1485,000 5100,000 1276,675 l/ After deducting $347,190,000 participations of other Federal Reserve Banks. 2/ After deducting $3,976,000 participations of other Federal Reserve Banks. 3,200 525,000 1620,000 808,000 3003,200
@FedFRASER