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E-4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release September 20, 1956 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AMD RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of daily figures of member bank reserves for the week ending eptember 19 increased $132 million to $19,220 million. Estimated required reserves increased $114 million; and estimated excess reserves increased $18 million to $735 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $8l million; the week before they were $295 million less than member bank borrowings. (tin .i ^be principal changes supplying average reserves were an increase of \ million in Federal Reserve float, and decreases of $100 million in money in circulation, $65 million in Treasury deposits with Federal Reserve Banks, and n ^ ® * n foreign deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $358 million in member bank borrowings and $157 million in Federal Reserve holdings of U. S. Government securities. Total Reserve Bank credit decreased $82 million. v ,. of Wednesday, September 19, holdings of U. S. Government securities bought outright were $243 million lower than a week earlier and member bank borrowings were $190 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 Loans, discounts, and advancee-Member 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) For week ending Change from week ending Sept. 19. 1956 Sept. 12. 19561 Sept.21. 1955 (In mdLllions of dollars) 23,673 IS 18 -156 - 11 - 1 +109 + 18 654 1 1,489 25,852 21,883 5,043 52,778 -358 + 1 - 81 - 87 - 26 +226 +239 +200 + 37 +476 30,810 771 453 345 235 945 33,558 -100 + 1 - 65 - 36 - 17 + 4 -213 +409 - 23 -126 - 32 -159 - 45 + 23 19,220 18,485 735 +132 +n4 + 18 +453 +294 +159 — — +444 - 82 — — 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 21,884 Treasury cash holdings 777 Treasury currency outstanding 5,043 Member bank) - Required (est.) 18 518 Money in circulation 30,745 reserves ) - Excess (est.) '519 On September 19, 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $ 3 , 6 7 7 million, a decrease of Digitized FRASER for the week and an increase of $276 million from the comparable date $14 for million http://fraser.stlouisfed.org/ a year ago. Federal Reserve Bank of St. Louis H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Sept. 19 1956 Change since Sept. 12, Sept. 21, 1956 ASS 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 2?,585,982 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,017,287 22 5,886,922 71,035 271,570 52,171,296 + + 26,519,583 - 20,345,394 853,924 21,199,318 357,990 367,152 413,453 906, 16,946 + - + + *• 697,620 10,932,699 9,153,913 2,801,750 23,585,982 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 19,036,765 325,888 355,434 220,222 19,938,309 4,416,293 22.248 50,896,433 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 319,289 693,612 27,543 234,419 52,171,296 Ratio of gold certificate reserves to deposit and F. R, note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 1 2,712 2,711 29,393 8,182 190,491 55 1,514 242,550 • - + - -8,245,623 - - - 242,550 - 242,550 * 434,610 - + + - + + + + 945,351 382 2,164 543,823 4- 22,874 22,874 - 436,014 + 891,513 + 12,012 4* 130,345 + 871,967 72,462 + 433,347 336,815 228,034 21,039 22,385 65,357 537,931 ,3,556 534,382 + + 447,748 390,653 47,909 162,953 153,767 485,146 , 6,734 771,460 + 4- 21,810 32,711 422 f - • 4 + 190,042 11,860 201,902 75,030 2,821 458,817 200 271 144,126 +8 ,412,623 - - 9,019 543,823 45.6# 50,931 2.476 + + + - + - - - + + 4- 45,986 4- 871,967 + .1# + 673 51 , - 23,663 335 MATURITY DISTRIBUTION OF LOANS AMD SECURITIES. SEPTEMBER 19, 1956 (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 Digitized forTotal FRASER Discounts and advances 407,161 Industrial loans 57 5 535 Acceptances 6,474 10,472 309 413,453 16,946 U. S. Government securities 69,300 6,549,019 13,452,065 1,087,127 1,013,614 1,414,857 23,585,982 E.4.1(b) Total STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 19, 1956 (In thousands of dollars) Phila- | CleveSt. Boston New York Richmond Atlanta Chicago delphia | land Louis Minneapolis Kansas City Dallas 797,803 343,872 868,408 707,531 2531,024 42,507 23,143 42,149 San Francisco A S S E T S Gold certificate account 20,345,394 963,240 Redemption fund for 853,924 58,357 F. R..notes Total gold certificate reserves 21,199,318 1021,597 5,387,203 1078,335 1810,704 1268,799 184,259 60,331 74,095 68,101 888,003 3700,472 50,283 153,383 25,640 71,676 5,571,462 1138,666 1884,799 1336,900 938,286 3853,855 840,310 367,015 910,557 733,171 2602,700 F-R. notes of other Banks Other cash 357,990 367,152 39,837 28,646 68,259 81,548 45,847 24,016 15,150 36,439 20,295 19,506 44,405 28,461 26,336 48,518 11,481 19,857 18,484 8,263 11,241 12,295 20,492 14,300 36,163 Discounts and advances Industrial loans Acceptances— Bought outright U. S« Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 413,453 906 4,815 300 14,940 16,920 56,280 28,015 14,975 187,980 16,165 29,621 46 22,991 15,951 4,800 Total U. S. Govt, sees. 16,946 -- 16,946 560 - - — - - - — -- -- -• — — — -- -- 697,620 38,345 10,932,699 600,927 9,153,913 503,154 2,801,750 154,001 23,585,982 1296,427 41,920 175,575 2,751,520 656,957 2,303,839 550,068 705,139 168,360 5,936,073 1417,305 121,714 1907,450 1597,102 488,827 4115,093 29,126 456,440 382,176 116,973 984,715 30,228 15,758 246,937 473,714 206,759 396,639 63,283 121,400 532,737 1021,981 27,726 78,065 434,509 1223,380 363,813 1024,332 111,353 313,518 937,401 2639,295 23,585,982 1296,427 5,936,073 1417,305 2040,022 1452,165 1212,768 4115,093 984.715 532.737 1021.981 937.401 2639,295 Total loans & securities 24,017,28? 1301,542 5,967,959 1434,785 42,952 60,339 35,872 945,602 673,115 562,148 791,749 563,597 470,685 242,332 172,501 144,063 2040,022 1452,165 1212,768 2096,302 1480,180 1227,743 4303,073 1000,880 562,404 1044,972 953,352 2644,095 1 1/ 6 1 1 22 2 2 1 1 3 1 1 2 5,886,922 482,775 1,081,234 364,530 565,909 450,987 425,971 920,282 242,223 145,943 286,495 300,335 620,238 Due from foreign "banks Uncollected cash items Bank premises Other assets TOTAL ASSETS — 45,303 71,035 271,570 5,385 14.678 8,848 66.411 52,171,296 2894,461 12,845,729 1/ After deducting $16,000 4,871 15.851 7,415 23.376 7,069 16.530 3,985 14.801 5,928 49.217 4,173 11.067 4,748 6.101 4,180 11.516 3,479 11.680 10,954 10.120 3028,568 4629,392 3331,468 2683,653 9207,232 2129,992 1112,959 2281,257 2036,810 5989,775 participations of other Federal Reserve Banks, H.4. 1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 19, 1956 (in thousands of dollars) Total 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 Boston New York d ^ ; Richmond Atlanta Chicago j^s 26,519,583 1582,994 6,097,0091722,5272485,6882061,1471304,8715138,4941174,137 19,036,765 820,188 325,888 42,340 355,434 20,650 220,222 3,065 19,938,309 886,243 4,416,293 345,045 mnne- Kansas 499,561 1050,007 Dallas 710,049 2693,099 5,448,278 899,016 1543,414 791,129 921,595 3060,708 676,447 432,414 901,902 982,823 2558,851 6,951 1/105,509 " 149,794 5,710,532 682,118 17,230 25,200 9,908 24,321 31,850 760 27,545 17,850 3,198 17,051 15,400 1,595 68,203 49,000 19,44? 17,l8l 2,008 13,300 7,692 8,750 741 27,469 13,300 1,666 25,547 17,850 879 951,354 1600,345 839,722 955,641 3179,919 716,886 459,086 944,337 1027,099 263,513 361,858 363,203 701,304 188,356 120,884 235,254 426,825 236,010 32,603 36,775 38,916 2667,145 491,923 22,248 4,956 5,008 856 1,827 864 882 3,047 647 840 6ll 897 1.813 50,896,433 2819,238 12,494,667 2938,250 4514,685 3263,591 2624,597 9022,764 2080,026 1080,371 2230,209 1974,055 5853,986 CAPITAL ACCOUNTS Cspital paid in Sarplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. 319,289 693,612 27,543 234,419 16,355 41,667 3,011 14,190 20,469 49,491 4,489 15,869 30,376 62,563 1,006 20,762 14,599 35,012 3,349 14,917 15,000 30,841 762 12,453 43,290 101,894 1,429 37,855 10,924 27,649 521 10,872 7,077 17,586 1,073 6,852 12,872 25,960 1,137 11,079 17,545 33,84? 1,307 10,056 38,791 71,275 2,l4o 23,589 52,171,296 2894,461 12,845,729 3028,568 4629,392 3331,468 2683,653 9207,232 2129,992 1112,959 2281,257 2036,810 5989,775 50,931 2,476 3,003 — F. R. notes outstanding 27,518,523 1645,198 Collat. for F. R. notes: Gold certificate acct. 11,568,000 580,000 Eligible paper 56,076 U. S. Govt, securities 17,135,000 1200,000 Total collateral 20,759,076 1780,000 1/ After deducting $249,900,000 participations 2/ After deducting $36,343,000 participations 91,991 195,827 7,319 55,925 2/ 14,588 3,665 4,632 2,596 2,240 71 173 -FEDERAL RESERVE AGENTS' ACCOUNTS 7,126 104 1,934 -- 1,273 -- 1,934 2*128 2,596 -- 5,344 6,357,660 1805,561 2562,302 2112,462 1363,907 5224,630 1235,443 550,238 1083,156 750,613 2827,353 2,870,000 650,000 1090,000 895,000 500,000 2300,000 450,000 150,000 300,000 283,000 1500,000 — 16,920 --• --16^165 — 22,991 --3,600,000 1200,000 1550,000 1300,000 1000,000 3100,000 900,000 460,000 800,000 525,000 1500,000 6,470,000 1866,920 2640,000 2195,000 1500,000 5400,000 1366,165 610,000 1122,991 80&,000 3000,000 of other Federal Reserve Banks. of other Federal Reserve Banks.
@FedFRASER