H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM E'i+'1 (For Immediate Release) February 18, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items Principal offsetting change was an increase of $84 million in Other F R accounts (net). with no change in the total. Change since Member Bank Reserves 17 Feb. , Feb. 10, Feb. 18 and Related Items 1954 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright 24,8C6 + 918 Held under repurchase agreement 2 - 57 Loans, discounts and advances 293 -149 - 443 Float 798 +289 - 225 Total 25,897 + 82 + 249 Geld stock 21,957 - - - 765 Treasury currency outstanding 4,905 + 3 + 84 Money in circulation 29,821 -102 + 167 Treasury cash holdings 820 + 2 - 468 Treasury deposits with F. R. Banks 533 -105 + 138 Foreign deposits with F. R. Banks 482 + 9 + 24 Other deposits with F. R. Banks 346 + 8 + 102 Other F. R. accounts (net) 912 + 84 + 77 Member bank reserves 19,845 +191 - 473 Required reserves (estimated) 18,946 - 45 -1,033 Excess reserves (estimated) 899 +236 + 560 Daily averages for period-- Estimated excess reserves of member banks 632 + 18 57 Member bank borrowings at F. R. Banks 301 - 59 962 U- s- Government securities held in custody by the Federal Reserve Banks $2,690 $13 fo foreign account were million, an increase of million for the week and an increase of $478 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

k.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Feb. 17, Feb. 10, Feb. 18, 1954 1954 1953 A S S E TS . Gold certificates 20,384,101 4 401,001 Redemption fund for F. R. notes 883,228 - 3,518 + 127,998 Total gold certificate reserves 21,267,329 - 3,522 - 273,003 Other cash 453,541 + 3,857 + 28,127 Discounts and advances 291,231 - 149,220 - 440,656 Industrial loans 1,846 2 1,866 - - U. S. Government securities: Bought outright— Bills 2,084,575 +1,488,321 Certificates 6,051,191 + 234,650 +1,055,475 Notes 13,029,021 - 234,650 - 744,650 Bonds 3,641,150 -- - 880,825 Total bought outright 24,805,937 - - + 918,321 Held under repurchase agreement 56,900 2,000 -- - - Total U. S. Government securities 24,805,937 - 56,900 > 916,321 Total loans and securities 25,099,014 - 206,122 + 473,799 Due from foreign "banks 22 — — - 1 F. R. notes of other "banks 181,625 + 13,568 - 16,714 Uncollected cash items 4,698,580 +1,199,911 + 230,030 Bank premises 52,932 + 115 + 4,057 Other assets 129,083 - 76,358 - 27,939 TOTAL ASSETS 51,882,126 + 931,449 + 418,356 L I A B I L I T I ES Federal Reserve notes 25,681,823 89,768 + 118,584 - Deposits: Member bank—reserve accounts 19,844,867 + 190,605 472,784 U. S. Treasurer--general account 533,458 104,262 + 138,827 Foreign 482,090 + 8,684 + 24,402 Other 345,606 + 7,660 + 101,454 Total deposits 21,206,021 + 102,687 - 208,101 Deferred availability cash items 3,900,380 + 911,079 + 455,016 Other liabilities and accrued dividends 16,390 - 125 - 6l TOTAL LIABILITIES 50,804,614 + 923,873 + 365>38 C A P I T AL A C C O U N TS Capital paid in ~ " 269,315 + 649 + 13,430 Surplus (Section 7) 625,013 - - + 40,337 Surplus (Section 13b) 27,543 — — — — Other capital accounts 155,641 + 6,927 - 849 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,882,126 + 931,449 + 418,356 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.4# - Contingent liability on acceptances purchased for foreign correspondents 12,751 - 1,747 - 13,191 Industrial loan commitments 3,134 + 8 - 58 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 17, 1954 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and Industrial U. S. Government advances loans securities Within 15 days 265,231 291 403,700 16 to 90 days 26,000 403 1,600,875 91 days to 1 year 1,078 Over 1 year to 5 years 74 6, 051, %H Over 5 years to 10 years 1,374,400 Over 10 years 1,414,857 Digitized for FRASER Total http://fraser.stlouisfed.org/ 291,231 T7B5T 24,005,937 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 17, 1954 5.4.1(b) (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 20,384,101 1028,387 5,498,741 1240,944 1725,467 1027,378 916,775 3776,252 818,948 481,889 847,518 726,328 2295,474 Redemption fund for F. R. notes 883,228 54,072 180,531 59,474 81,203 69,842 58,021 150,380 49,066 25,410 41,178 30,146 83.905 Total gold certificate reserves 21,267,329 1082,459 5,679,272 1300,418 1806,670 1097,220 974,796 3926,632 868,014 507,299 888,696 756,474 2379,379 Other cash 453,541 35,193 91,881 30,023 33,090 26,026 41,813 78,439 25,314 8,773 15,826 16,470 50,693 Discounts and advances 291,231 8,485 10,890 11,405 17,721 14,040 26,095 68,420 6,790 22,840 18,600 25,880 60,065 Industrial loans 1,846 -- 1,427 -- 4o 263 — 116 — — -— U. S. Govt, securities: Bought outright— Bills 2 „ , 0 - 8 4 5 ,5 3 7 6 5 , 6 1 2 1 8 4,785 125,604 176,957 123,616 106,624 360,282 87,701 51,449 90,852 82,805 227,272 Certificates 6,051,191 333,203 1,557,746 364,609 513,680 358,836 309,512 1045,839 254,580 149,349 263,729 240,371 659,737 Notes 13,029,021 717,429 3,354,035 785,050 1106,020 772,621 666,422 2251,833 548,144 321,569 567,843 517,553 1420(502 Bonds 3,641,150 200,497 937,334 219,394 309,094 215,919 186,241 629.306 153,186 89,868 158,693 144,637 396.981 Total 24,505,937 1365,914 6,305,743 1494,657 2105,751 1470,992 1260,799 42b7,26o 1043,611 612,235 1081,117 985366 2704,492 Held under repurchase agreement Total U. S. Government securities 24,805,937 1365,914 6,385,743 1494,657 2105,751 1470,992 1268,799 4287,260 1043,611 612,235 1081,117 985,366 2704.492 Total loans and securities 25,099,014 1374,399 6,396,633 1507,489 2123,472 1485,072 1295,157 4355,680 1050,401 635,191 1099,717 1011,246 2764,557 Due from foreign banks 22 1 1/ 6 2 2 1 l 3 1 1 1 1 2 F.R. notes of other banks 181,625 4,398 21,343 8,454 8,46l 29,955 30,842 18,134 7,449 11,116 6,960 10,269 24,244 Uncollected cash items 4,698,580 359,088 965,690 311,672 423,292 345,806 321,263 789,020 183,831 113,523 199,099 223,586 462,710 Bank premises 52,932 6,198 7,455 4,752 5,202 4,704 3,971 6,429 2,891 1,021 2,221 584 7,504 Other assets 129,083 6,928 31,970 7,610 11,243 7,701 7,256 21.791 5.254 3,146 6,239 5,810 14,135 TOTAL ASSETS 51,882,126 2868,664 13,194,250 3170,420 4411,432 2996,485 2675,099 9196,128 2143,155 1280,070 2218,759 2024,440 5703,224 Digitized for FRASER l/ After deducting $16,000 participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 17, 1954 (In thousands of dollars) H.4.1(c) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Eans.Cy. Dallas SanFran. L I A B I L I T I ES Federal Reserve notes 25,681,823 1582,394 5,695,633 1839,418 2390,985 1768,560 1363,565 4978,054 1168,312 633,552 994,794 712,196 2554,360 Deposits: Member bank-reserve accts. 19,844,867 804,943 5,964,051 915,890 1492,376 792,202 918,366 3286,149 719,408 463,749 966,020 1003,338 2518,375 U.S.Treasurer-general acct • 533,458 46,778 61,182 54,398 24,445 55,621 41,558 67,017 36,843 36,255 28,048 39,675 41,638 Foreign 482,090 29,341 1/140,561 35,594 44,252 24,531 20,683 66,859 18,278 12,025 18,278 22,607 49,081 Other 345,606 3,421 288,653 l,26l 4,941 2,019 811 943 8,430 1,086 1,206 514 32,321 Total deposits 21,206,021 884,483 6,454,447 1007,143 1566,014 874,373 981,418 3420,968 782,959 513,115 1013,552 1066,134 2641,415 Deferred avail, cash items 3,900,380 334,485 736,479 243,566 354,692 295,626 280,371 643,581 148,167 104,198 167,354 195,354 396,507 Other liabilities and accrued dividends 16,390 815 4,867 855 1,592 774 703 2,8c6 518 574 594 753 1,539 TOTAL LIABILITIES 50,804,614 2802,177 12,891,426 3090,982 4313,283 2939,333 2626,057 9045,409 2099,956 1251,439 2176,294 1974,437 5593,821 Capital paid in 269,315 14,598 83,193 18,257 25,657 11,893 11,549 35,491 9,291 6,016 10,235 13,368 29,767 16,219 23,456 28,146 62,182 Surplus (Section 7) 625,013 38,779 176,633 45,909 57,648 31,750 28,034 90,792 25,465 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 155,641 10,099 35,679 10,783 13,838 10,160 8,697 23,007 7,922 5,323 7,637 7,182 15,314 TOTAL LIABILITIES AND 51,882,126 2868,664 13,194,250 3170,420 4411,432 2996,485 2675,099 9196,128 2143,155 1280,070 2218,759 2024,440 5703,224 CAPITAL ACCOUNTS Contingent liability on acceptances purchased 602 1,306 for foreign correspondents 12,751 781 2/3,663 947 1,178 653 550 1,779 486 320 486 26 872 Industrial loan commitments 3,134 1,312 748 47 129 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 5,956,920*1956,129 2510,976 1868,315 1459,371 5160,049 1228,686 651,740 1027,721 753,859 2741,054 *26,987,253 1672,434 Collateral for F.R. notes: Gold certificates 11,093,000 640,000 2,670,000 800,000 1050,000 625,000 43453,50,00000 22440000,,000000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 142,930 7,570 6,540 10,295 —- 13,275 --- --- 6,220 22,465 18,030 16 5 2 8 0 , ,0 5 0 35 0 U-. S. Govt, securities 17 305,000 1200,000 3,600,000 1200,000 1550,000 1350,000 1100,000 2900,000 960,000 500,000 800,000 525,000 28^540,930 1847,570 6,276,540 2010,295 2600,000 1988,275 1535,000 5300,000 1321,220697,465 1098,030 808,000 3058,535 Total collateral 1/ After deducting $341,510,000 participations of other Federal Reserve Banks. 2/ After deducting $9,088,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ * Last week's figures revised to 27,094,56? and 1,955,560, respectively. Federal Reserve Bank of St. Louis