h41_19550623.pdf

H . 4 . 1 BOARD OF GOVERNORS For Immediate Release

OF THE FEDERAL RESERVE SYSTEM June 23, I95S

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 r e se rve ba lances f o r the week ending June 22 inc reased $320 m i l l i o n t o $18,998 m i l l i o n . The p r i n c i p a l changes supplying r e se rves were dec reases of $109 m i l l i o n in Other d e p o s i t s w i th F e d e r a l Reserve Banks, $91 m i l l i o n i n Treasury d e p o s i t s wi th Federa l Reserve Banks, $26 m i l l i o n i n

I 6 * 5 ) 1 d e p o s i t s wi th Fede ra l Reserve Banks, $23 m i l l i o n i n Money in c i r c u l a t i o n , and $14 m i l l i o n i n Treasury cash ho ld ings , and an i n c r e a s e of $99 m i l l i o n in Re-serve Bank c r e d i t . The p r i n c i p a l o f f s e t t i n g change was an i n c r e a s e of $4 l m i l l i o n in Other F . R. accounts ( n e t ) . Est imated average excess r e s e r v e s f o r the week i n -c reased $122 m i l l i o n t o $709 m i l l i o n .

The i n c r e a s e of $99 m i l l i o n i n average Reserve Bank c r e d i t f o r the week r e s u l t e d p r i n c i p a l l y from an i nc rea se of $344 m i l l i o n i n F l o a t and dec reases of $2Cb m i l l i o n i n Member bank borrowings and $34 m i l l i o n in U. S. Government s e c u r i t i e s bought o u t r i g h t .

A s o f Wednesday, June 22, Member bank borrowings were $430 m i l l i o n lower than a week e a r l i e r .

Member Bank Reserves , Reserve Bank C r e d i t , and Related Items

Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s - -

Bought ou t r igh tSys tem account Held under repurchase agreement

AcceptancesBought o u t r i g h t Loans, d i s c o u n t s , and advances - -

Member bank borrowings Other

F l o a t To ta l Reserve Bank c r e d i t

Gold s tock Treasury cu r rency o u t s t a n d i n g

Money in c i r c u l a t i o n Treasury cash ho ld ings Treasury d e p o s i t s w i th F . R. Banks Foreign d e p o s i t s wi th F . R. Banks Other d e p o s i t s wi th F . R. Banks Other F. R. accounts (ne t )

Weekly Averages of Dai ly F igures Week Ending

June 22, 1955 Change from Week Ending

June 15, 19551 June 23, 1954 ( In m: Ll l ions of d o l l a r s )

23,554 - 34 -1 ,432 - - - 32

15 - 1 + 15

283 -206 + 105 65 - 5 + 47

1,137 +344 + 217 25,055 + 99 -1 ,079 21,676 - - - 250

5 ,001 - - + 46 51,733 + 99 -1 ,282

30,035 - 23 + 242 818 - 14 + 12 213 - 91 - 544 4o8 - 26 - 139 278 -109 - 18 981 + 4 l - 17

32,734 -221 - 463

18,998 +320 - 820 18,289 +198 - 66>9

709 +122 - 151

Member bank r e s e r v e b a l a n c e s - -Required r e s e r v e s ( e s t ima ted ) Excess r e s e r v e s ( e s t ima t ed )

For Wednesday F e d e r a l Reserve f i g u r e s see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED - a t t a c h e d . L a t e s t Wednesday f i g u r e s f o r o the r i tems appear ing above a r e , i n m i l l i o n s of d o l l a r s :

Gold s tock 21,677 Treasury cash hold ings 820 Treasury cur rency o u t s t a n d i n g 5,001 Member bank) - Required ( e s t . ) 18,264 Money i n c i r c u l a t i o n 29,983 r e s e r v e s ) - Excess ( e s t . ) 765

On June 22, 1955, U. S. Government s e c u r i t i e s h e l d i n custody by the Fed-e r a l Reserve Banks f o r f o r e i g n account were $3,339 m i l l i o n , an i n c r e a s e of $15 m i l l i o n f o r the week and an i nc rea se of $388 m i l l i o n from the comparable date 1 year ago. Digitized for FRASER http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

H.4 .1 (a ) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED

( In thousands of d o l l a r s )

Change s ince

A S S E T S Gold c e r t i f i c a t e s Redemption fund f o r F . R. no t e s

T o t a l gold c e r t i f i c a t e r e s e r v e s F. R. no t e s of o t h e r Banks Other cash Discounts and advances I n d u s t r i a l loans Acceptances--Bought o u t r i g h t U. S. Government s e c u r i t i e s :

Bought o u t r i g h t - -B i l l s C e r t i f i c a t e s Notes Bonds

To ta l bought o u t r i g h t Held under repurchase agreement

To ta l U. S. Government s e c u r i t i e s

To ta l loans and s e c u r i t i e s Due from f o r e i g n banks Uncol lec ted cash i tems Bank premises Other a s s e t s

TOTAL ASSETS

L I A B I L I T I E S Fede ra l Reserve no tes Depos i t s :

Member b a n k - - r e s e r v e accounts U. S. T r e a s u r e r g e n e r a l account Foreign Other

To ta l d e p o s i t s Defer red a v a i l a b i l i t y cash i tems Other l i a b i l i t i e s and accrued d iv idends

TOTAL LIABILITIES

C A P I T A L A C C O U N T S C a p i t a l pa id i n Surplus (Sec t ion 7) Surplus (Sec t ion 13b) Other c a p i t a l accounts

TOTAL LIABILITIES AND CAPITAL ACCOUNTS

Rat io of gold c e r t i f i c a t e r e s e r v e s to. d e p o s i t and F. R. note l i a b i l i t i e s combined

Cont ingent l i a b i l i t y on acceptances purchased f o r f o r e i g n cor respondents

I n d u s t r i a l loan commitments

832,450 8,273,775

11,645,837 2 ,801,750

23,553,812

23,553^812

23,962,541 22

5,079,468 56,941

134,410 50,778,673

25,671,252

19,029,454 98,431

418,071 245,904

19,791,860 4 ,143,353

20,505 49,626,970

294,402 660,901

27,543 168,857

50,77^,673

46.2?I

26,648 , 1,555

June 22, June 15, June 23, 1955 1955 1954

20,156,102 + 6,000 - 221,000 839,481 - 3,711 - 21,925

20,995,583 + 2,289 - 242,925 202,466 + 13,742 + 55,576 347,242 + 7,160 18,894 393,236 - 443,441 - 215,922

550 - 3 695 14,943 - 1,450 + 14,943

- 64,448 30

+ , 6 ,915 - 479,266

- 57,315 - 260,008 + 17,046 - 16,999 - 317,276 - 128,963 + 1,326 - 484 271

194

4 , 8 i i 479,266

143

-1,585,625 +1,673,984 -1 ,383,184 - 290,800 ~ , 5 ^ 5 , 6 2 5 - 92,000 -1 ,677,625

- 444,894 -1 ,879,299

+ 542,158 + 3,276 + 48,984 -1 ,491,124

39,358 + 253,520

- 795,227 -1 ,121,846 - 125,988 - 93,301 -2,136,362 + 357,256

2 , 4 8 l -1 ,520,067

+ 22,254 + 35,888

- 21,199 -1 ,491,124

+ 1,356

+ 11,404 + 1.158

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 22, 1955 (Acceptances and s e c u r i t i e s he ld under repurchase agreement a r e c l a s s i f i e d as

maturing w i t h i n 15 days i n accordance w i th maximum m a t u r i t y of t h e agreements . )

Within 15 days 16 days to 90 days 91 days t o 1 year Over 1 year to 5 yea r s Over 5 years t o 10 yea r s Over 10 yea r s

To ta l

Discounts and I n d u s t r i a l advances loans

334,600 31,963 26,673

267 95 45

143

393,236 550

Acceptances 5,919 9 ,024

14,943

U. S. Government s e c u r i t i e s

248,950 6 ,337,199

10,765,699 3,773,493 1,013,614 1.414.857 .

23,553,812 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U. l (b ) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 22, 1955

( In thousands of d o l l a r s )

A S S E T S

Gold c e r t i f i c a t e s Redemption fund f o r

F . R. no tes

T o t a l gold c e r t i f i c a t e r e s e r v e s

F.R. no tes of o t h e r Banks Other cash Discounts and advances I n d u s t r i a l loans Acceptances--

Bought o u t r i g h t U. S. Govt, s e c u r i t i e s :

Bought o u t r i g h t B i l l s C e r t i f i c a t e s Notes Bonds

To ta l field under repurchase

agreement

Tota l U. S. Government s e c u r i t i e s

Total loans and s e c u r i t i e s

Due from f o r e i g n banks Jnco l l ec t ed cash i tems Bank premises Dther a s s e t s

TOTAL ASSETS

Total Boston New York Phi l a . Cleve. Rich. A t l a n t a Chicago St .Louis Mpls. Kans.Cy. Dal las SanFran.

20,156,102 1030,996 5,464,772 1205,441 1769,457 1151,265 816,037 3651,926 794,032 350,803 797,263 703,169 2420,941 839,481 50,773 172.792 55,58? 72,969 69,020 51,447 149.935 45,951 24,191 40,844 27,914 78,060

20,995,583 1081,769 5,637,564 1261,026 1842,426 1220,285 867,484 3801,861 839,983 374,994 838,107 731,083 2499,001 202,466 347,242 393,236

550

8,114 24,761

8,190

43,467 60,530 28,843

9 ,091 17,805 22,698

466

7,950 35,614 17,003

9,935 16,705 24,197

52,568 19,362 32,235 58,649 32,593 105,510

8,274 20,896

8,626

3,808 9,983

42,843 84

6 ,681 14,802 61,083

9,638 16,681 13,457

23,578 38,581 28,193

14,943 - - 14,943 " - - - - - - - " - -

832,450 8,273,775

11,645,837 2,801,750

00 CC1 ftio

45,971 456,911 643,130 154,724

211,563 2,102,739 2 ,959,731 , I12-?1

50,665 71,543 503,558 711,073 708,789 1000,878 170,520 240,791

49,042 487,442 686,103 165,062

42,969 145,202 427,076 1443,170 601,135 2031,348 144,621 488,701

34,545 343,345 483,279 116,267

20,173 200,497 282,214 67,895

36,203 359,827 506,477 121,848

33,380 331,762 466,975 112,344

91,194 906,375

1275,778 306,926

570,779 1024,355

23,553,812 1300,736 5,986,084 1433,532 2024,285 1387,649 1215,801 4108,421 977.436 570,779 1024,355 944,46l 2580.273

23 ,962,541 1308,926 6,029,870 1456,696 2041 ,288 1411,846 1248,394 4213,931 986,062 613,706 1085,438 957,918 2608,466

50,778,673 2822,319 12,881,985 3051,275 4419,679 3083,447 2563,046 8893,833 8059,931 1129,084 2213,800 2001,968 5658,306

l / A f t e r deducting $16,OOOparticipations of o ther Federa l Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

19,791,860 4,143,353

840,895 337,220

5,978,167 807,529

925,188 1531,057 242,820 412,932

831,298 350,309

911,160 3104,094 303,792 622,223

689,602 167,431

430,151 105,988

948,036 193,657

989,384 2612,828 251,167 348,285

20,505 1,159 6,071 1,054 2,112 972 946 3,242 689 587 747 1,072 1,854

STATEMENT OF CONDITION OB' EACH FEDERAL RESERVE BANK ON JUKE 2 2 , 1955 1 .4 .1 (c ) ( In thousands of d o l l a r s )

L I A B I L I T I E S To ta l Boston Hew York P h i l a . Cleve. Rich. At l an ta Chicago S t . Louis Mpls. Kane.Cy. Dal las SanFran.

Federal Reserve no tes 25,671,252 1573,673 5,767,024 1798,858 2369,37? 1839,989 1294,478 5001,135 1156,476 561,902 1025,924 706,012 2576,404 Deposi ts : Member bank- rese rve a c c t s . 19,029,454 812,978 5,584,100 885,440 1487,509 808,456 891,818 3043,641 665,866 419,003 930,93% 968,483 2531,226 U.S .Treasure r -genera l a c c t . 98,431 591 91,580 392 503 510 516 557 557 634 534 531 1,526 Fore ign 418,071 24,420 1/129,890 29,711 37,037 20,350 17,501 56,980 15,466 10,175 15,466 19,129 4 l , o46 Other 245,904 2,906

To ta l depos i t s Deferred a v a i l , cash i tems Other l i a b i l i t i e s and accrued dividends

TOTAL LIABILITIES 49,626,970 2752,947 12,558,791 2967,920 4315,478 3022,568 2510,376 8730,694 2014,198 1098,628 2168,364 1947,635 5539,371 Cap i t a l pa id in 294,402 15,333 88,794 19,455 28 ,011 13,296 13,206 39,206 10,278 6 ,693 11,343 15,441 33,346 Surplus (Sec t ion J) 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 Surplus (Sec t ion 13b) 27,543 3,011 7 ,319 4,489 1,006 3,3^9 762 1,429 521 1,073 1,137 1,307 2 , l 4 o Other c a p i t a l accounts 168,857 10,719 39,011 11,638 14,962 10,754 9,222 25,938 8,315 5,772 8 ,201 7,600 16,725

TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,778,673 2822,319 12,881,985 3051,275 4419 ,679 3083,447 2563,046 8893,833 2059,931 1129,084 2213,800 2001,968 5658,306

Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents 26,648 1,602 2 / 7,745 1,9^9 2 ,429 1,335 1,148 3,738 1,015 667 1,015 1,255 2,750

I n d u s t r i a l loan commitments 3,555 - - - - 393 627 11 90 14 - - - - 2 ,420

FEDERAL RESERVE AGENTS' ACCOUNTS

F . R. no tes ou ts tanding 26,570,369 1626,576 5 ,9^6,745 1870,267 2474,302 1897,920 1364,676 5087,588 1201,997 596,757 1053,968 749,222 2700,351 C o l l a t e r a l f o r F.R. n o t e s :

Gold c e r t i f i c a t e s 11,108,000 640,000 2,670,000 800,000 1050,000 675,000 500,000 2300,000 355,000 175,000 280,000 283,000 1380,000 E l i g i b l e paper 152,491 4 ,990 18,805 21,530 6,600 41,510 59,056 U. S. Govt, s e c u r i t i e s 17.055,000 1200,000 3,600,000 1200,000 1500,000 1300,000 1000,000 2900,000 910,000 500,000 800,000 525,000 1620,000

Tota l c o l l a t e r a l 28,315,491 1044,990 6,270,000 2018,805 2550,000 1996,530 1500,000 5200,000 1271,600 716,510 1139,056 808,000 3000,000

l / A f t e r deduct ing $288,156,000 p a r t i c i p a t i o n s of o t h e r Federa l Reserve Banks. 2 / A f t e r deduct ing $18,903,000 p a r t i c i p a t i o n s of o t h e r Federa l Reserve Banks.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis