H.4.1 BOARD OF GOVERNORS For Immediate Release

OF THE FEDERAL RESERVE SYSTEM October 13, 1955

WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITMS and

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS

The weekly average of Member bank reserve balances for the week ending October 12 increased $28 million to $18,728 million. The principal changes supplying reserves were an increase of $189 million in Reserve Bank credit and a decrease of #11 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $124 million in Money in circulation, S39 million in Other deposits with Federal Reserve Banks, and $12 million in Other F. R. accounts (net). Estimated average excess reserves of member banks for the week increased $68 million to $591 million.

The increase of $189 million in average Reserve Bank credit for the week resulted principally from increases of $65 million in U, S. Government securities bought outright, $64 million in Member bank borrowings, and $58 million in Float,

As of Wednesday, October 12, holdings of U. S. Government securities bought outright were $145 million higher than a week earlier, U, S, Government securities held under repurchase agreement were $16 million higher, and Member bank borrowings were $227 million higher.

Member Bank Reserves, Weekly Averages of Daily Figures Reserve Bank Credit, and Related Items

Week Ending Oct. 12, 1955

Change from Week Ending Reserve Bank Credit, and Related Items

Week Ending Oct. 12, 1955 Oct, 5, 1955 Oct. 13, 1954

(In m: Lllions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright—System account 23,792 + 65 - 789 Held under repurchase agreement 119 + 2 + 94

Acceptances— Bought outright 18 + 1 + 18 Held under repurchase agreement 1 - 2 + 1

Loans, discounts, and advances-Member bank borrowings 893 + 64 + 819 Other 16 + 2 - 170

Float 874 + 58 + 275 Total Reserve Bank credit 25,714 +189 + 249

Gold stock 21,684 — — - 126 Treasury currency outstanding 5,007 + 35

52,405 +190 + 158

Money in circulation 30,552 +124 + 409 Treasury cash holdings 788 - 3 - 2 Treasury deposits with F. R. Banks 514 - 11 — 80 Foreign deposits with F. R. Banks 383 + 2 - 83 Other deposits with F. R. Banks 429 + 39 — 43 Other F, R, accounts (net) 1,011 + 12 + 61

33,677 +162 + 262

Member bank reserve balances— Required reserves (estimated) Excess reserves (estimated)

18.728 18,137

591

+ 28 - 40 + 68

- 104 - 64 - 40

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 21,685 Treasury cash holdings 776 Treasury currency outstanding 5,007 Member bank) - Required (est.) 18,370 Money in circulation 30,623 reserves ) - Excess (est.) 276

On October 12, 1955, U. S, Government securities held in custody by the Federal Reserve Banks for foreign account were $3,471 million, an increase of $9 million for the week and an increase of $426 million from the comparable date a 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 dollars)

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. 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

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

C A P I T A L A C C O U N T S

Oct. 12, 1955

Change since Oct. 5, 1955

Oct. 13, 1954

20,163,351 + 9,999 - 123,750 836,801 - 3,749 + 327

21,000,152 + 6,250 - 123,423 223,018 - 16,035 + 100,993 332,250 - 20,669 + 16,548 882,088 + 231,979 + 570,515

672 - 27 - 203

18,207 + 399 + 18,207 411 - 1,669 + 411

1,151,646 2,520,076 17,399,536 2,801,750 23,073,008

119,900 23,9927905

24,894,286 22

4,454,774 59,361 141,988

51,105,851

+ 144,500

+ 144,500 -

+ 16,000 + + 160,500 -

+ 391,182 -

+ 270,683 + + 229 + + 6,872 -

+ 638,512 +

- 707,604 -4,079,715 +4,370,515

290,800 707,604 91,300

27,374

452,067 5,285

Capital paid in Surplus (Section J) Surplus (Section 13b) Other capital accounts

TOTAL LIABILITIES AND CAPITAL ACCOUNTS

Ratio of gold certificate reserves to deposit and F. R. note liabilities combined

Contingent liability on acceptances purchased for foreign correspondents

Industrial loan commitments

26,262,502 + 131,362 + 533,236

18,646,074 + 138,860 + 26,263 502,443 + 21,595 •» 140,656 385,284 - 3,123 - 82,765 662,433 + 274,222 + 244,670

20,196,234 + 431,554 + 47,512 3,434,910 + 68,091 - 222,l4l

19,644 + 1,662 + 10 49,913,290 + 632,669 + 358,617

298,367 + 582 + 22,177 660,901 — *» + 35,888 27,543 - -

205,750 + 5,261 - 3,104 51,105,651 4" 638,512 + 413,578

45.2# .5# - .856

28,254 + 1,088 + 19,784 ZL Ml

MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 12, 1955 (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 Oyer 10 years

Total

Discounts and advances 878,456 3,626

6

882,088

Industrial loans 13 107 446 106

672

Acceptances 5,822 12,796

18,618

U. S. Government securities

288,850 6,736,395 12,952,065 1,587,127 1,013,614 1.414.857 23,992,908

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

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: -Sought outright—

Bills vBtirtificates Uotes Bonds Total

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

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 12, 1955 (In thousands of dollars)

Total

20,163,351

836,801

Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran.

1040,465 5,103,817 1166,559 1789,140 1313,238 927,359 3464,973 894,559 366,944 839,712 747,794 2508,79]

21,000,152 1091,242 5,279,189 1224,435 1864,085 1381,736 977,033 3611,855 939,579

•„ if, r ^ —

390,839 879,855

1 9

775,075 2585,225

223,018 332,250 882,088

672

13,679 24,656 50,925

43,962 71,417 200,098

18,366 16,427 45,153

609

8,071 33,061 43,018

15,641 17,230 17,712

36,210 27,339 42,941

17,300 51,313 335,517

8,166 16,559 10,347

7,060 8,150 40,608

63

9,336 10,982 37,113

12,936 11,979 18,468

32,291 43,137 40,i8€

18,207 18,207 - - - - — — — *» W W 0m

4ll 4ll - - - - — "

1,151,646 2,520,076 17,399,536 2,801,750

63,598 139,169 960,872 154,724

292,685 640,465

4,422,005

z Bf'SL1

70,092 98,976 153,376 216,583 1058,971 1495,368 170,520 240,791

67,847 148,469 1025,076 165,062

59,445 130,082 898,129 144,621

200,878 439,569 3034,949 488,701

47,791 104,578 722,046 116,267

27,909 61,068 421,643 67,895

50,085 109,598 756,706 121,848

46,179 101,050 697,687 112,344

126,161 276,069 1906,084 306,926

119,900 119,900

23,992,908 1318,363 6,187,106 1452,959 2051,718 1406,454 1232,277 4164,097 990,682 578,515 1038,237 957,260 2615,240

24,894,286 1369,288 6,405,822 1498,721 2094,736 1424,166 1275,218 4499,614 1001,029 619,186 1075,350 975,728 2655,428

22 1 4,454,774 311,127

59,361 5,703 141,988 7,620

n !/,6 , „ 2 2 1 l 3 1 1 1 1 2 785,749 246,177 329,732 410,509 385,916 683,531 220,166 152,149 243,667 239,582 446,469 7,506 5,117 5,505 4,817 4,289 6,110 3,4l6 1,471 3,401 1,945 10,081 34,855 8,261 12,161 8,226 7,867 25.846 5,603 3,410 6,066 6,935 15!l38

51,105,851 2823,316 12,628,506 3017,506 4347,353 3262,326 2713,873 8895,572 2194,519 1182,266 2228,658 2024,181 5787,775

l/ After deducting $16,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c)

L I A B I L I T I E S

Federal Reserve notes Deposits: Member bank-reserve accts, U.S.Treasurer-general acct Foreign Other

Total deposits Deferred avail, cash items Other liabilities and accrued dividends

TOTAL LIABILITIES Capital? paid in Surplus (Section 7) Surplus (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

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 12, 1955 (in thousands of dollars)

Total Boston New York Phila, CIeve. Rich. Atlanta Chicago St,Louis

26,262,502 1585,118 5,908,297 1782,969 2442,941 1981,552 1341,415 5083,979 1197,700

18,646,074 , 502,443

385,284 662,433

20,196,234 3,434,910

19,644

818,278 35,318 22,380 4.487

5,292,484 76,012

1/121,175 306,311

864,313 1448,389 811,507 34,594 38,439 35,142 27,229 33,943 18,650 9.520 6,184 34,953

926,910 2989,882 70C,529 40,934 70,905 32,187 16,039 52,220 14,174 46,880 43,299 43,946

880,463 285,099

925

5,795,982 935,656 1526,955 900,252 1030,763 3156,306 790,836 584,628 211,898 267,811 316,224 286,097 482,124 157,950

Mpls. Kans.Cy. Dallas SanFran.

537,309 1038,656 717,678 2644,888

430,534 859,452 995,206 2508,590 34,884 40,491 27,124 36,413 9,325 14,174 17,531 38,444 23.450 32.891 23,514 86,998

498,193 947,008 1063,375 2670,445 114,815 194,775 186,281 347,208

6.067 1,105 2,090 913 873 2,918 753 589 760 823 2*823

49,913,290 2751,605 12,294,974 298,367 15,847 89,152 660,901 40,309 188,070 27,543 3,011 7,319 205.750 12.544 48.991

2931,623 4239,797 3193,946 2659,143 3725,327 2147,239 19,654 28,374 13,666 13,378 39,576 10,405 47,773 60,222 33,480 29,480 96,566 26,619 4,489 1,006 3,349 762 1,429 521 13.962 17.954 12.885 11.105 32.674 9.735

1150,906 2181,199 1968,157 5664,36k 6,822 11,760 15,759 33,974 16,918 24,755 29,985 66,724 1,073 1,137 1,307 2,14C 6.547 9.807 8.973 20.57?

51,105,851 2323,316 12,628,506 3017,506 4347,353 3262,326 2713,873 8895,572 2194,519 1182,266 2228,658 2024,181 5787,775

28,254 2,813

1,698 2/8,217 2,066 2,575 1,415 1,217 — — 155 327 11 83

3,962 1,076 707 1,076 2,237

FEDERAL RESERVE AGENTS* ACCOUNTS

27,118,712 1636,087 6,073,129 1841,985 2537,653 2030,847 1397,085 5169,339 1245,610 581,803 1067,311

2,670,000 725,000 1070,000 745,000 500,000 2400,000 43,815

11,363,000 196,651

640,000 49,825

400,000 9,650

150,000 40,150

280,000 36,416

1,330 2,91!

758,901 2778,96:

283,000 1500,00( 745,000

16,9^5!000 12Go!000 3.600.000 1200,000 1500,000 1300,000 1000.000 2900.000 910.000 500,000 800,000—525,000 1500,0Q( 28,494,651 1889,825 6,270,000 1968,815 2570,000 2061,795 1500,000 5300,000 1319,650 690,150 1116,416 808,000 3000,00(

l/ After deducting $264,084,000 participations of other Federal Reserve Banks. %J After deducting #20,037,000 participations of other Federal Reserve Banks, Digitized for FRASER

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