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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H,4»l For Immediate Release September 29, 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 28 decreased $149 million to $18,618 million. The principal changes reducing reserves were a decrease of $135 million in Reserve Bank credit and an increase of $114 million in Treasury deposits with Federal Reserve Banks, The . principal offsetting change was a decrease of $78 million in Money in circulation, Estimated average excess reserves of member banks for the week decreased $90 million to $535 million. The decrease of $135 million in average Reserve Bank credit for the week resulted principally from decreases of $303 million in Float and $13 million in Other loans, discounts, and advances, and increases of $147 million in Member bank borrowings, $23 million in U. S. Government securities bought outright, and $11 million in U, S, Government securities held under repurchase agreement. As of bought outright securities held borrowings were Wednesday, September 28, holdings of U> S, Government securities were $117 milliort higher than a week earlier, U, S. Government under repurchase agreement were $22 million higher, and Member bank $197 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 AcceptancesBought outright Held under repurchase agreement Loans, discounts, and advances— 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 reserve balances— Required reserves (estimated) Excess reserves (estimated) Weekly Averages of Daily Figures Week Ending Change from Week Ending Sept. 28. 1955 Sept. 21. 19551 Sept. 29. 1954 (In millions of dollars) 23,587 11 18 1 888 14 960 25,478 21,683 5.006 52,167 + 23 + 11 mmrnm + 1 +147 - 13 -203 -135 + 281 11 + + .18 1 + 810 100 333 791 127 38 702 - - + + - — — -135 + + 30,323 787 693 370 386 990 33,550 - 78 - 7 +114 - 7 - 8 + 15 + 18.618 18,083 535 =242 - 59 - 90 + + — — + — + - + - 435 8 41 141 51 57 335 368 420 52 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 21,683 Treasury cash holdings ym Treasury currency outstanding 5,007 Member bank) - Required (est,) 125 Money in circulation 30,338 reserves ) - Excess (est.) *35q • t, 0 n September 28, 1955, U. S. Government securities held in custody by the , ^\? e S e » V e B a n k s f o r foreign account were $3,459 million, an increase of $ 5 million for the week and an increase of $464 million from the comparable date a >v year ago. e. j H.4.1(a) STATEMENT 01 CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) 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 Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Sept. 28, 1955 20,153,351 840,65k 20,994,005 268,780 363,933 662,085 719 17,228 2,234 Change since Sept. 2^, Sept, Tlf 1955 1954 2,001 i.»10 : - 14,180 6,040 - 210,185 + 13 + + + + + 11 + 2,234 133,750 1,608 135,350 131,798 14,196 363,186 151 17,228 2,234 24,384,274 22 4,300,431 59,156 149,220 50,519,821 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 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 ACCOUNTS C A P I TA L Capital paid in Surplus (Section 7) Surplus (Section 13b) Ottier capital accounts \ TOTAL LIABILITIES AND CAPITAL ACCOUNTS + 116,400 + 22,500 + 138,900 - 366,104 -4,079,715 +4,370,515 - 290,800 - 366,104 + 22,500 - 343,604 - + 26,066,334 - 19,902 512,762 18,475,383 511,862 383,130 372,466 19,742,8il 3,512,912 17,252 49,339,339 - 113,634 - 204,679 20,213 10,709 - 349,235 - 418,235 144,506 257,330 297,671 660,901 27,543 194,367 50,519,821 192 958,146 2,520,076 17,399,536 2.801,750 23,679,508 22,500 23,702,000 Ratio of gold certificate reserves to deposit dnd F. R. note liabilities combined Contingent liability on acceptances purchased tor foreign correspondents Industrial loan commitments 116,400 69,027 - 694,978 + 133 + 7,995 - 779,508 38,893 + 675,536 + 5,611 9,399 + 721,277 106,068 25,878 - 244,770 ,77C + 399,3)4 467 + 666,979 + + 21,829 35,888 •4* + 5,934 -779,508 3,319 + 721,277 45.856 27,149 2,787 119 24 + + 20,871 54t ; MATUBIS1 DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 28, 1955 (Acceptances and securities held under repurchase agreement are classified as m&turing within 15 days in accordance with maximum maturity of the agreements.) Withiin 15 days 16 days to 90 days 1 91 days to 1 year Over 1 year to 5 years , Ovey 5 years to 10 years Ovef 10 years http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Discounts and Industrial advances loans 642,469 102 4 19,609 497 7 116 662.085719 Acceptances 6,202 13,260 19.462 U. S. Government securities 440,350 6,293,995 12,452,065 2,087,127 1,013,614 1.414.857 2^.702.008 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 28, 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 Held under repurchase agreement U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Total U. S. Government securities Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 20,153,351 973,228 5,346,170 ll6o>953 1789,354 1275,107 844,460 3689,303 839,787 r 268,780 363,933 662,085 719 17,228 2,234 15,893 26,569 4,505 5,522,303 1219,206 1864,654 1344,633 51,665 73,480 77,893 — - 17,228 - - 2,234 958,146 52,912 2,520,076 139,169 1 7 , 3 9 9 , 5 3 6 960,872 2,801,750 154,724 0 0 £7Q cnR 1 QfY7 £SV~I 22,500 25,714 18,610 54,398 654 -- 10,590 37,374 18,393 894,343 3836,553 335,484 9,740 8,995 55,617 65 - - — ee " 30,369 180,887 - - 62,663 9,405 17,958 17,257 - - -- —— 22,127 55,278 ~rv 9 c~c~y 884,917 40,073 29,999 65,323 20,86l e. 1 , j p u fo,u.y< 821,081 7 1 5 , 1 7 5 2 5 3 1 , 4 0 2 12,382 12,737 64,117 16,512 13,490 30,183 36,286 48,582 18,875 mm mm - - • 243,508 58,315 82,346 56,447 49,457 167,127 39,761 640,465 1 5 3 , 3 7 6 216,583 1 4 8 , 4 6 9 1 3 0 , 0 8 2 4 3 9 , 5 6 9 1 0 4 , 5 7 8 4,422,005 1058,971 1495,368 1025,076 898,129 3 0 3 4 , 9 4 9 7 2 2 , 0 4 6 712,051 170,520 2 4 0 , 7 9 1 165,062 1 4 4 , 6 2 1 4 8 8 , 7 0 1 116,267 £ Aifl rtori 11« )i i • tin n m r z\d)q - •>> />«-!. $ » * •— . Dallas SanFran. 311,552 780,852 687,817 2454,76* -TTsiff > 9 20,994,005 1024,254 Mpls. Kans.Cy. 23,219 61,068 421,643 67,895 • -- 41,670 - - 38,420 104,964 109,598 1 0 1 , 0 5 0 276,069 756,706 6 9 7 , 6 8 7 1906,084 121,848 112,344 306,926 22,500 23,702,008 1307,677 6,040,529.1441,182 2035,088 1 3 9 5 , 0 5 4 1222,289 4130,346 982,652 573,825 1029,822 949,501 2 5 9 4 . 0 4 3 Total loans and securities 24,384,274 1312,182 6,137,884 1496,234 2097,751 1425,423 1287,612 4311,233 999,909 629,507 1093,939 979,684 2612,916 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 1 4,300,431 323,927 59,156 5,703 149,220 8,047 1/ 6 2 2 1 1 7817739 250,179 430,600 333,427 294,433 7,524 5,117 5,403 4,783 4,289 36,392 8,547 12,958 8,779 8,244 3 681,629 1 1 1 i 2 175,864 123,241 212,047 232,484 46o,86l 6,124 3,421 1,471 3,402 1,846 10,073 27.224 5,930 3,591 6,274 7.370 15.864 50,519,821 2716,576 12,610,993 3023,609 4459,332 3156,300 2558,994 8940,171 2097,405 1112,030 2161,863 1966,562 5715,986 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 CF EhCH FEDERAL RESERVE BANK ON SEPTEMBER 28, 1955 (in thousands of dollars) Total Boston New York Phila, Cleve, Rich. Atlanta Chicago St,Louis Mpls. Kans.Cy. Dallas SanFran, Federal Reserve notes 26,066,334 1565,732 5,876,183 1775,788 2424,227 1953,861 1323,002 5055,791 1183,851 537,127 1034,750 715,784 2620,238 deposits: Member bank-reserve accts, 18,475,383 730,194 5,331,777 873,591 1490,934 788,610 866,670 3041,901 676,272 398,082 854,330 948,955 2474,067 U.3,.Treasurer-general acct, 511,862 32,519 73,626 32,912 50,255 44,829 40,163 59,354 31,475 26,855 41,561 32,173 46,140 Foreign 383,130 22,200 1/121,145 27,010 33,670 18,500 15,910 51,800 14,060 9,250 14,060 17,390 38,135 Other 372.466 3.022 299.337 9.985 4.435 3.242 1.593 1.432 6.634 1.097 1.532 1.075 39.082 Total deposits 19,742,841 787,935 5,825,885 943,498 1579,294 855,181 924,336 3154,487 728,441 435,284 911,483 999,593 2597,424 Deferred avail, cash items 3,512,912 291,063 573,489 218,307 347,297 283,903 256,735 559,222 137,539 108,051 168,000 194,756 374,550 Other liabilities and accrued dividends 17,252 738 5.130 874 1.871 849 751 2.660 670 518 694 832 1.665 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Eharplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments F. R» notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S, Govt, securities Total collateral 49,339,339 2645,468 12,280,687 2938,467 4352,689 3093,794 2504,824 8772,160 2050,501 1080,980 2114,927 1910,965 5593,877 297,671 15,796 89,083 19,575 28,364 13,435 13,342 39,562 10,399 6,777 11,735 15,718 33,885 660,901 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 2,140 194.367 11.992 45.834 13.305 17.051 12.242 10.586 30.454 9.365 6.282 9.309 8.587 19.360 50,519,821 2716,576 12,610,993 3023,609 4459,332 3156,300 2558,994 8940,171 2097,405 1112,030 2161,863 1966,562 5715,986 27,149 2,787 1,626 a/7,962 1,978 121 2,466 327 1,355 11 1,165 83 3,794 1,030 678 1,030 2,245 1,274 2,791 FEDERAL RESERVE AGENTS' ACCOUNTS 27,038,380 1631,630 6,067,210 1838,457 2520,459 2004,747 1383,404 5149,615 1249,272 581,634 1069,833 760,278 2781,791 11,363,000 640,000 2,670,000 725,000 1070,000 745,000 500,000 2400,000 400,000 150,000 280,000 283,000 1500,000 725,000 1070,000 745,000 500,000 2400,000 222,477 3,705 — 53,425 — 29,703 — — 16,750 55,284 63,610 16.935.000 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 28,520,477 1843,705 6,270,000 1978,425 2570,000 2074,703 1500,000 5300,000 1326,750 705,284 1143,610 808,000 3000,000 l/ After deducting $261,960,000 participations of other Federal Reserve Banks. 2/ After deducting $19,187,000 participations of other Federal Reserve Banks.
@FedFRASER