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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) September 9, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended September 8, Member bank reserves decreased $256 million. The principal changes reducing reserves were increases of $192 million in Money in circulation and $41 million in Foreign deposits with Federal Reserve Banks, and a decrease of $185 million in Reserve Bank credit. The principal offsetting changes were decreases of $145 million in Treasury deposits with Federal Reserve Banks and $13 million in Other deposits with Federal Reserve Banks. The decrease of $185 million in Reserve Bank credit resulted from an increase of $150 million in U. S. Government securities bought outright and decreases of $139 million in Loans, discounts and advances, $129 million in U. S. Government securities held under repurchase agreement, and $67 million in Float. Holdings of U. S. Government securities bought outright reflected an increase of $150 million in bills. Member Bank Reserves and Related Items Sept. 8,, 1954 Change since Sept. 1, Sept. 9 1954 1953 (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 155 506 24,705 21,809 4,967 + 2 - 990 92 - 339 53 -1,474 - 369 + 102 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) 30,115 808 446 524 391 923 +192 - 1 -145 + 41 - 13 - 1 - 364 - 466 - 128 45 + 28 + 64 Member bank reserves 18,274 -256 - 17,470 804 - 75 -181 -1,261 + 431 845 57 + 67 - 38 + - Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks 24,044 " +150 -129 -139 - 67 -185 — — 830 145 745 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,957 million, a decrease of $24 million for the week and an increase of $381 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. 1, Sept. 9, 1954 1953 Sept. 8, 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 24,044,512 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,199,160 22 3,238,254 53,385 148,486 49,200,033 20,287,103 837,051 21,124,154 109,374 327,998 153,879 769 1,323,150 hW 3,190 20,l6l 33,200 139,306 164 + 150,000 24,044,512 + - -1,420,663 — — + - 9,748 3,401 40,368 - 201,841 346 7,739 368,741 + 132,830 - 465,062 255,698 144,824 40,581 13,722 373,663 134,344 699 374,478 - 829,696 - - + 18,274,409 446,219 523,719 390,664 19,635,011 2,732,392 15,424 48,091,706 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 275,066 625,013 27,543 181,505 49,200,833 + 46.6% + 5,279 - • + - - + - 194 - - -1,370,449 + + 127,318 45,229 27,272 974,971 43,273 3,974 -1,400,734 + + 13,724 40,337 «•. — + - 5,543 368,741 23,776 -1,370,449 55 - <—1 .3% + Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 12,916 » — 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 25,708,879 134,086 57,101 19,944 336,994 2,015 117,742 - - - + + - 150,000 128,600 21,400 — - + 147,002 - - 419,154 +1,604,075 - 744,650 -1,429,425 - 989,154 92,500 -1,081,654 6,599,791 13,029,021 3,092,550 + 21,094 1,027 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. SEPTEMBER 8, 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 59,893 93,895 91 — -— 153,879 Industrial loans 2 449 281 37 — !W~~ U. S. Government securities 347,500 975,650 13,972,141 6,299,060 1,035,304 1,414.857 24,044,512 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 8, 1954 (In thousands of dollars) H.4.l(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 Bonus Total Held under repurchase agreement Total Boston 2 0 , 2 8 7 , 1 0 3 1035,061 837,051 50,745 2 1 , 1 2 4 , 1 5 4 1085,806 109,374 327,998 153,879 769 8,876 22,802 14,725 New York Phila. Cleve. Rich. Atlanta 5,522,412 12a,391 1717,255 1050,958 168,251 55,025 76,761 62,359 5 , 6 9 0 , 6 6 3 1299,416 1794,016 1113,317 21,822 61,196 39,545 —— 4,272 20,682 10,500 676 4,562 40,080 16,580 —— 10,184 14,500 12,772 — — 80,524 113,403 401,650 5 6 5 , 6 4 8 7 9 2 , 9 2 1 1116,679 77,931 388,715 767,383 Chicago St.Louis Mpls. Kans.Cy. 928,827 3716,994 771,884 459,058 838,050 145,700 47,696 24,838 40,150 983,810 3862,694 819,580 483,896 878,200 5,206 18,593 6,220 8,694 8,103 7,031 11,015 7,983 54,983 12,172 30,283 5,070 12,148 56,712 23,635 2,900 Dallas SanFran. 719,585 2282,628 29,176 81,367 7 4 8 , 7 6 1 2363,995 5,313 11,834 4,469 9,094 32,198 9,480 93 67,389 231,310 55,368 336,133 1153,763 276,168 663,582 2277,707 545,199 •*-?/ i2x.t r . . ± £ £ 2 z y u 24,044,512 1326,728 6,141,738 1463,301 2060,783 l4l6,l?4 1224,611 4203,413 1006,143 590,461 1037,376 51,992 144,671 259,332 7 2 1 , 6 0 8 511,962 1424,567 J jJ 944,805 2628,979 1,323,150 6,599,791 13,0297021 73,009 364,163 718,915 337,975 1,685,798 3,328,029 32,493 162,071 319,953 57,085 284,742 562,124 Total U. S. Government securities 24,044,512 1326,728 6 , 1 4 1 , 7 3 8 1463,301 2 0 6 0 , 7 8 3 l4l6,l?4 1224,611 4203,413 1006,143 590,461 1037,376 944,805 2628,979 Total loans and .securities 24,199,160 1341,453 6 , 1 8 1 , 2 8 3 1474,477 2077,363 1428,946 1229,681 4227,048 1012,363 593,454 1045,359 949,274 2638,459 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 3,238,254 53,385 148,486 1 253,221 5,963 8,119 1/ 6 643,208 7,271 36,446 2 188,339 5,173 8,866 2 283,961 5,062 13,018 1 291,130 4,569 8,726 1 "3 227,068 471,775 3,933 6,327 8,082 25,631 1 142,926 2,853 6,469 1 94,216 1,005 3,589 1 182,391 2,457 6,637 1 2 158,506 301,513 562 8,210 6,850 16,053 49,200,833 2726,241 12,641,895 3001,227 4218,064 2871,373 2495,030 8662,338 2007,991 1192,958 2133,091 1881,101 5369,524 l/ After^#educting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 8, 1954 (In thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston Federal Reserve notes 25,708,879 1578,922 Deposits: Member bank-reserve accts. 18,274,409 792,844 U.S.Treasurer-general acct. 446,219 18,603 Foreign 523,719 31,659 Other 390,664 3,151 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls, Kans.Cy. Dallas SanFran. 5,760,250 1794,708 2385,128 1767,832 1367,442 4971,063 1137,606 596,951 1007,613 737,633 2603,731 5,485,833 68,256 1/155,210 313,396 8 6 9 , 0 1 1 1399,032 36,243 38,179 38,406 47,748 9,657 9,678 740,575 27,107 26,469 3,934 822,100 3016,972 36,207 67,019 22,317 72,141 1,603 4,961 656,087 19,957 19,722 7,660 440,936 28,736 12,975 932 868,744 39,633 19,722 4,977 8 9 6 , 0 1 9 2286,256 36,030 30,249 24,393 52,957 866 29,849 953,317 1494,637 170,934 235,342 798,085 245,722 882,227 3161,093 194,104 371,215 703,426 122,046 483,579 82,696 933,076 148,048 957,308 2399,311 134,113 2 5 1 , 9 6 6 559 470 559 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 19,635,011 2,732,392 846,257 232,436 6,022,695 543,770 15,424 689 5,004 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,091,706 2658,304 12,331,719 2919,700 4116,724 2812,387 2444,540 8505,681 1963,637 1163,696 2089,296 1829,621 5 2 5 6 , 4 0 1 275,066 14,784 83,472 i8,74O 26,728 12,280 11,921 36,432 9,510 6,122 10,510 13,940 30,627 625,013 38,779 176,633 45,909 57,648 31,750 28,034 90,792 25,465 16,219 23,456 28,146 62,182 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 181,505 11,363 42,752 12,389 15,958 11,607 9.773 28,004 8,858 5,848 8,692 8,087 18.174 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 741 1,617 748 767 2,310 567 1.393 49,200,833 2726,241 1 2 , 6 4 1 , 8 9 5 3001,227 4218,064 2871,373 2495,030 8662,338 2007,991 1 1 9 2 , 9 5 8 2133,091 1 8 8 1 , 1 0 1 5369,524 5,279 2,361 323 2/1,516 392 880 488 599 270 45 228 113 737 19 201 133 201 705 249 541 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,563,72^1633,385 5,934,057 1880,647 2475,283 1830,864 1424,178 5059,806 1174,142 631,275 1034,389 770,305 2715,394, 11,093,000 640,000 29,570 9,235 1 6 , 8 6 5 , 0 0 0 1200,000 2 7 , 9 8 7 , 5 7 0 1849,235 2,670,000 1 7 5 , 0 0 0 280,000 650 4,563 500,000 800,000 6 7 5 , 6 5 0 1084,563 2 8 3 , 0 0 0 1380,000 300 525,000 1620,000 8 0 8 , 0 0 0 3000,300 8 0 0 , 0 0 0 1000,000 625,000 4 8 5 , 0 0 0 24oo,ooo 355,000 3,840 8,182 2,800 3 , 6 0 0 , 0 0 0 1200,000 1500,000 1300,000 1000,000 2700,000 920,000 6 , 2 7 0 , 0 0 0 2003,840 2500,000 1933,182 1485,000 5100,000 1277,800 l/ After deducting $368,490,000 participations of other Federal Reserve Banks. 2/ After deducting $3,763,000 participations of other Federal Reserve Banks.
@FedFRASER