H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) April 15, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 14, Member bank reserves increased $21 million. The principal changes supplying reserves were an increase of $47 million in Reserve Bank credit and decreases of $22 million in Foreign deposits with Federal Reserve Banks and $18 million in Other deposits with Federal Reserve Banks. The principal offsetting change was an increase of $69 million in Treasury deposits with Federal Reserve Banks. The increase of $47 million in Reserve Bank credit resulted from an increase of $53 million in Float and a decrease of $7 million in Loans, discounts and advances. Change since Member Bank Reserves April 14, April 7, April 15, and Related Items 1954 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 24,632 -- + 826 Held under repurchase agreement -- -- - 15 Loans, discounts and advances 172 - 7 - 700 Float 599 + 53 - 257 Total 25,404 + 47 ~ 145 Gold stock 21,966 - 596 Treasury currency outstanding 4,943 + 8 110 *4* Money in circulation 29,793 - 2 + 40 Treasury cash holdings 831 + 8 • 447 Treasury deposits with F» R. Banks 639 + 69 + 298 Foreign deposits with F. R. Banks 469 - 22 - 105 Other deposits with F. R. Banks - 18 353 + 153 Other F. R. accounts (net) 935 - 1 + 70 Member bank reserves 19,293 + 21 - 639 Required reserves (estimated) 18,636 -125 924 Excess reserves (estimated) 657 +146 + 285 Daily averages for period— Estimated excess reserves of member banks 553 - 34 68 Member bank borrowings at F. R. Banks 138 + 4 -3,, 098 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,817 million, an increase of $26 million for the week and an increase of $530 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) Change since April 14, April 7, April 15, 195k 1953 A S S E TS Gold certificates 20,404,102 + 5,001 - 224,000 Redemption fund for F. R, notes 674,501 + 116,335 Total gold certificate reserves 21,276,603 - 107,665 Other cash 384,840 - 19,956 + 30,719 Discounts and advances 170,870 6,422 - 697,491 Industrial loans 1,321 170 2,232 U. S. Government securities: Bought outright— Bills 1,910,975 mm » +1,396,221 Certificates 6,051,191 +1,055,475 Notes 13,029,021 — — - 744,650 Bonds 3,641,150 - 880,825 Total bought outright 24,632,337 «. — + 826,221 - 15,000 Held under repurchase agreement «•* *- — "" + 811,221 Total U. S. Government securities 24,632,337 Total loans and securities 24,804,528 6,592 + 111,498 Due from foreign banks 22 1 F. R. notes of other banks 137,064 - 3,211 - 20,723 828,020 Uncollected cash items 4,183,651 + - 383,532 Bank premises 52,979 + 71 + 3,332 Other assets 161,226 + 9,014 - 23,342 TOTAL ASSETS 51,002,913 + 807,872 - 389,714 L I A B I L I T I ES Federal Reserve notes 25,515,944 - 24,006 - 18,454 Deposits: Member bank—reserve accounts 19,292,657 + 20,927 •» 639,419 U. S. Treasurer--general account 638,909 + 68,458 + 297,784 Foreign 469,292 - 21,760 - 105,155 Other 352,869 - 18,231 + 152,830 Total deposits 20,753,727 + 49,394 - 293,960 Deferred availability cash items 3,584,338 + 774,867 - 126,733 Other liabilities and accrued dividends 19,368 + 1,245 + 1,262 TOTAL LIABILITIES 49,873,377 + 801,500 - 437,885 C A P I T AL A C C O U N TS Capital paid in 270,530 107 + 13,458 Surplus (Section 7) 625,013 + 40,337 Surplus (Section 13b) 27,5^3 Other capital accounts 206,450 + 6,265 5,624 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,002,913 + 807,872 - 389,714 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.0# Contingent liability on acceptances purchased for foreign correspondents 16,424 1,942 14,471 Industrial loan commitments 2,863 28 29 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 14, 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 153,^83 B 385,125 16 to 90 days 17,187 276 3,212,216 91 days to 1 year 991 12,277,575 Over 1 year to 5 years 46 6,307,260 Over 5 years to 10 years 1,035,304 DigitizeOd vfoer rF R1AS0E Ry ears iMk&l http://fraser.stloTuiosfteda.olr g/ 170,870 1,321 24,632,337 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 14, 1954 H.4.l(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 20,404,102 1029,737 5,535,328 1282,040 1769,948 1039,695 916,842 3683,188 815,239 4-59,346 823,972 773,379 2275,388 Redemption fund for F. R. notes 874,501 53,156 177,283 57,803 80,141 71,683 57,237 149,211 48,728 25,233 40,909 29,888 83,229 Total gold certificate 21,278,603 1082,893 5,712,611 1850,089 1111,378 863,967 864,881 803,267 2358,617 reserves 1339,843 974,079 3832,399 484,579 Other cash 384,840 28,511 72,035 20,633 31,560 21,236 34,801 70,302 25,226 9,638 10,823 16,899 43,176 Discounts and advances 170,870 13,958 29,250 5,687 18,836 5,433 9,844 62,722 2,004 10,945 9,774 1,376 1,041 Industrial loans 1,321 -- 1,210 - - - - 111 U. S. Govt, securities: Bought outright— 1,910,975 105,444 488,124 116,298 163,784 112,552 97,328 334,073 79,965 46,928 82,44? 75,090 208,942 Bills 6,051,191 368,263 661,625 333,893 1,545,668 518,629 356,403 308,193 1057,857 253,212 148,599 261,073 237,776 Certificates 13,029,021 718,915 3,328,029 792,921 1116,679 767,383 663,582 2277,707 545,199 319,953 562,124 511,962 1424,567 Notes Bonds 3,' /6'-4y 1,150 200,911 930,Obb ^221,j!2, A-Ut f2 2 1 4t. I., r-r1t n 0Or-9 t., Z* ~\£ c~\r\ 1 CO Qrs )> 1 I „ TT ... ? 1 ' f - L Ji t O J A tV 7 f C ? 3 O ? OH ^, T JLJ L " V 1 A Total 24,632,337 1359,163 6,291,887 1499,075 2111,164 1450,795 1254,550 4306,176 1030,740 604,896 1062,738 967,903 2693,250 Held under repurchase agreement Total U. S. Government securities 24,632,337 1359,163 6,291,887 1499,075 2111,164 1450,795 1254,550 4306,176 1030,740 604,896 1062,738 967,903 2693,250 Total loans and 24,804,528 1373,121 6,321,137 1505,972 2130,000 1456,228 1264,394 4368,898 1032,744 615,952 1072,512 2694,291 969,279 ~ securities Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 11 2 F.R. notes of other banks 137,064 2,841 20,740 7,181 6,767 14,369 21,134 16,349 8,574 7,549 7,239 7,022 17,299 Uncollected cash items 4,183,651 323,109 788,071 252,266 415,768 344,055 319,897 673,518 185,243 111,272 205,656 190,622 374,174 5,152 2,883 Bank premises 52,979 6,131 7,530 4,841 4,662 3,992 6,401 1,017 2,197 578 7,595 Other assets 161,226 8,605 40,380 9,785 13,724 9,478 8,839 27,541 6,903 3,860 7,588 7,121 17,412 TOTAL ASSETS 51,002,913 2825,212 12,962,510 3140,523 4453,062 2961,407 2627,127 8995,411 2125,541 1233,868 2170,897 1994,789 5512,566 l/ After deducting $16,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 14, 1954 H.4.1(c) (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,515,944 1577,871 5,686,852 1826,348 2362,229 1738,487 1362,832 4929,291 1153,563 630,968 991,298 703,893 2552,312 Deposits: Member bank-reserve accts. 19,292,657 795,770 5,768,169 931,204 1514,892 815,975 877,416 3173,874 702,861 435,818 909,738 986,904 2380,036 U.S.Treasurer-general acct. 638,909 52,103 119,691 44,703 59,346 36,769 31,978 82,629 45,629 20,496 34,016 61,958 49,591 Foreign 469,292 27,792 1/145,797 33,714 41,915 23,236 19,591 63,328 17,313 11,390 17,313 21,413 46,490 Other 352,869 2,722 289,643 1,271 7,422 2,345 740 2,585 8,026 2,181 2,881 612 32,441 Total deposits 20,753,727 878,387 6,323,300 1010,892 1623,575 878,325 929,725 3322,416 773,829 469,885 963,948 1070,887 2508,558 Deferred avail, cash items 3,584,338 298,875 629,344 219,647 362,989 283,498 282,276 580,569 152,301 102,610 170,264 167,131 334,834 Other liabilities and accrued dividends 19,368 1,055 6,230 1,061 1,701 977 789 3,013 710 580 675 799 1,778 TOTAL LIABILITIES 49,873,377 2756,188 12,645,726 3057,948 4350,494 2901,287 2575,622 8835,289 2080,403 1204,043 2126,185 1942,710 5397,482 Capital paid in 270,530 14,623 83,323 18,424 25,975 12,023 11,630 35,597 9,336 6,039 10,331 13,526 29,703 Surplus (Section 7) 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 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,l4o Other capital accounts 206,450 12,611 49,509 13,753 17,939 12,998 11,079 32,304 9,816 6,494 9,788 9,100 21,059 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,002,913 2825,212 12,962,510 3140,523 4453,062 2961,407 2627,127 8995,411 2125,541 1233,868 2170,897 1994,789 5512,566 Contingent liability on acceptances purchased for foreign correspondents 16,424 1,000 2/4,780 1,214 1,509 836 705 2,280 623 410 623 771 1,673 Industrial loan commitments 2,863 1,063 747 47 124 24 858 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,637,536 1630,020 5,895,207 1933,842 2470,607 1841,756 1442,524 5065,096 1210,085 651,862 1019,322 7^9,682 2727,533 Collateral for F.R. notes: Gold certificates 11,043,000 640,000 2,670,000 800,000 950,000 625,000 485,000 2400,000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 70,235 13,470 24,505 5,095 5,025 1,700 10,745 9,470 225 U. S. Govt, securities 17,055,000 1200,000 3,600,000 1200,000 1550,000 1300,000 1000,000 2800,000 960,000 500,000 800,000 525,000 1620,000 Total collateral 28,168,235 1853,470 6,294,505 2005,095 2500,000 1930,025 1485,000 5200,000 1316,700 685,745 1089,470 808,000 3000,225 1/ After deducting $323,476,000 participations of other Federal Reserve Banks. 2/ After deducting $11,644,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis