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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) September 2, 195k CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended September 1, Member bank reserves decreased $49 million. The principal changes reducing reserves were an increase of $137 million in Money in circulation and a decrease of $49 million in Gold stock. The principal offsetting changes were decreases of $79 million in Foreign deposits with Federal Reserve Banks and $13 million in Other deposits with Federal Reserve Banks and an increase of $31 million in Reserve Bank credit. The increase of $31 million in Reserve Bank credit resulted from increases of $70 million in U, S, Government securities bought outright and $45 million in U. S, Government securities held under repurchase agreement, and decreases of $64 million in Float and $20 million in Loans, discounts and advances, Holdings of U, S. Government securities bought outright reflected an increase of $70 million in bills. Member Bank Reserves and Related Items Sept. 1, 1954 Change since Sept. 2, August 25, 1953 „ 1954 (in millions of dolors) 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>894 129 294 573 24,890 21,809 4,965 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) 29,923 809 591 483 404 924 +137 - 3 - 5 - 79 - 13 - 3 - 317 - 469 + 50 55 + 71 + 65 Member bank reserves 18,530 - 49 - 17,545 985 - 29 - 20 -1,339 + 544 7 7 + 177 - 411 Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks 778 95 + 70 + 45 - 20 + + + + 64 31 49 4 -1,120 + 76 - - 100 37 -1,181 + 369 100 795 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,981 million, a decrease of $31 million for the week and an increase of $3&9 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands af dollars) Sept. 1, 195% ASSETS 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 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS Change since Sept. 2, August 25, 1953 1954 20,287,103 840,241 21,127,344 129,535 361,198 293,185 605 40,001 4,235 -44,236 - 12,503 - 15,275 - 19,674 37 + 157,001 22,424 + 134,577 43,366 + 26,257 - 98,249 2,105 1,173,150 6,599,791 13,029,021 3,092,550 23,894,512 128,600 24,023,112 + + 70,000 + 44,800 + 114,800 - 549,154 +1,604,075 - 744,650 -1,429,425 -1,119,154 + 75,600 -1,043,55% 24,316,902 + 95,089 -1,143,908 3,440,095 53,731 140,747 49,569,574 + + + + 29,342 33 7,823 60,273 + 13,994 + 3,763 - 39,848 -1,048,531 25,576,049 + 108,222 • 399,350 18,530,107 591,043 483,138 404,386 20,008,674 2,866,736 14,725 48,466,104 49,200 4,904 78,773 12,746 145,623 92,826 589 54,836 • 795,040 f 50,359 - 55,119 f 71,471 - 728,329 + 50,543 • 3,896 -1,081,032 22 LIABILITIES 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 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 274,872 625,013 27,543 175,962 49,569,574 Ratio gf gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + + 70,000 27 + + 5,464 60,273 + + 13,605 40,337 - 21,441 -1,048,531 1.4# 46.3# 5,334 2,793 + + 40 15 19,989 657 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 1, 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 Discounts and advances 197,146 95,8l4 225 -293:1% Industrial loans 2 361 205 37 U. S. Government securities 668,500 I'onn'rkn 6,299, ^ ) k fie;? —#—tes H.4.1(b) ASSETS 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 tinder repurchase agreement STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 1, 1954 (In thousands of dollars) Total Boston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 20,287,103 988,760 5,496,991 1234,008 1728,653 1066,786 910,794 3687,254 802,888 473,215 868,632 756,247 2272,875 840,241 50,895 168,783 55,345 77,028 63,516 55,142 145,946 47,783 24,860 40,211 29,244 81,488 21,127,344 1039,655 5,665,774 1289,353 1805,681 1130,302 965,936 3833,200 850,671 498,075 908,843 785,491 2354,363 129,535 361,198 293,185 605 1,173,150 6,599,791 13,029,021 3,092,550 23,894,512 13,312 16,740 14,972 19,249 33,079 14,670 12,210 60,529 72,840 64,732 299,660 71,395 100,547 69,096 364,163 1,685,798 401,650 565,648 388,715 718,915 3,328,029 792,921 1116,679 767,383 170,641 789,936 188,206 265,053 182,145 1318,451 6,103,423 1454,172 2047,927 l407~,339 59,749 336,133 663,582 157,507 1216,971 205,088 1153,763 2277,707 540,633 4177,191 11,353 25,716 8,625 128,600 24,253 65,793 92,135 6,446 22,895 11,010 512 4,428 40,377 34,480 6,199 23,544 5,470 12,393 8,890 5,700 93 6,555 13,152 13,934 3,487 13,050 4,469 9,650 37,433 14,880 49,091 28,810 50,614 46,098 128,270 276,168 162,071 284,742 259,332 721,608 545,199 319,953 562,124 511,962 1424,567 129,408 75,944 133,425 121,519 338,133 999,866 586,778 1030,905 938,911 2612,578 128,600 Total U. S. Government securities 24,023,112 1318,451 6,232,023 1454,172 2047,927 1407,339 1216,971 4177,191 999,866 586,778 1030,905 938,911 2612,578 Total loans and securities 24,316,902 1327,076 6,324,158 1465,694 2082,407 1422,311 1231,641 4250,031 1005,336 592,571 1044,839 943,380 2627,458 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 1 3,440,095 265,087 53,731 5,963 140,747 7,654 1/ 6 2 2 1 1 3 1 1 1 1 2 648,136 207,371 315,473 277,661 245,500 542,865 141,552 100,658 168,918 211,4o8 315,466 7,624 5,173 5,062 4,563 3,933 6,327 2,853 1,005 2,456 562 8,210 34,317 8,4l8 12,427 8,245 7,736 24,162 6,169 3,393 6,374 6,548 15,304 49,569,574 2682,505 12,770,061 3005,352 4265,857 2873,135 2507,075 8729,327 2036,325 1216,986 2151,138 1963,927 5367,886 l/ After deducting $l6,000 participations of other Federal Reserve Banks. H.4.1(c) LIABILITIES STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH SEPTEMBER 1, 1954 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 25,576,049 1569,035 5,740,269 1787,825 2376,532 1754,768 1360,507 4946,287 1133,153 597,846 1003,478 737,590 2568,759 Federal Reserve notes Deposits: Member bank-reserve accts. 18,530,107 751,035 5,603,439 878,760 1418,809 757,851 830,200 3046,377 679,193 450,816 896,042 940,558 2277,027 U.S.Treasurer-general acct. 591,043 47,506 141,188 30,486 48,322 35,512 34,578 52,324 39,188 35,134 44,863 35,696 46,246 483,138 29,097 1/144,449 35,298 43,884 24,327 20,511 66,303 18,126 11,925 18,126 22,419 48,673 Foreign 911 1.078 3.969 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,008,674 830,991 6,210,950 955,571 : 1520,508 821,390 886,367 3168,973 744,047 499,074 965,792 999,584 2405,427 2,866,736 214,185 505,104 179,988 266,286 237,772 209,324 456,149 114,471 90,544 137,870 174,980 280,063 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section ijb) Other capital accounts 48,466,184 2614,842 12,461,411 2924,148 4164,974 2814,500 2456,838 8573,697 1992,176 1187,854 2107,647 1912,656 5255,441 6,117 10,489 13,939 30,567 9,509 274,872 14,784 83,446 18,740 26,727 12,243 11,903 36,408 625,013 38,779 176,633 45,909 57,648 31,750 28,034 90,792 25,465 16,219 23,456 28,146 62,182 1,006 1,307 2,140 3,011 1,073 3,137 762 1,429 521 4,489 7,319 27,543 3,349 7.879 27.001 8.654 175.962 11.089 41.252 12.066 15.502 11.293 8,40? 17,, 55^ 5,7# 9,539 TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 14.725 631 5.088 764 1.648 570 640 2.288 505 390 507 502 1.192 49,569,574 2682,505 12,770,061 3005,352 4265,857 2873,135 2507,075 8729,327 2036,325 1216,986 2151,138 1963,927 5367,886 5,334 2,793 329 2/1,500 400 1,044 497 867 275 45 232 113 751 19 205 135 205 705 254 551 FEDERAL RESERVE AGENTS1 ACCOUNTS F. EU notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,517,599 1634,545 5,917,028 1881,864 2478,789 1821,929 1420,730 5046,021 1178,047 630,697 1031,939 771,356 2704,654 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 4,700 2,050 4,350 10,382 3,450 10,514 38,581 3,135 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 27,996,581 1843,135 6,270,000 2004,350 2500,000 1935,382 1485,000 5100,000 1277,050 678,450 1090,514 808,000 3004,700 1/ After deducting #338,670,000 participations of other Federal Reserve Banks. 2/ After deducting $3,834,000 participations of other Federal Reserve Banks.
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