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 29, 195^ CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 28, Member bank reserves increased $133 million. The principal changes supplying reserves were decreases of $83 million in Other deposits with Federal Reserve Banks, $79 million in Other F,R, accounts (net), $66 million in Treasury deposits with Federal Reserve Banks, $28 million in Money in circulation, and $10 million in Treasury cash holdings. The principal offsetting changes were a decrease of $110 million in Reserve Bank credit and an increase of $26 million in Foreign deposits with Federal Reserve Banks. The decrease of $110 million in Reserve Bank credit resulted from a decrease of $171 million in Float and an increase of $62 million in Loans, discounts and advances. Change since Member Bank Reserves April 28, April 21, April 29, 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 Loans, discounts and advances 218 + 62 -622 Float 533 -171 - 48 Total 25,383 -110 +156 Gold stock 21,968 +1 -594 Treasury currency outstanding 4,947 + 2 +111 Money in circulation 29,645 - 28 -142 Treasury cash holdings 829 - 10 -449 Treasury deposits with F. R. Banks 499 - 66 +132 Foreign deposits with F. R. Banks 469 +26 — 49 Other deposits with F. R. Banks 305 - 83 - 96 Other F. R. accounts (net) 852 - 79 + 68 Member bank reserves 19,699 +133 +210 Required reserves (estimated) 18,774 +114 -621 Excess reserves (estimated) 925 + 19 +831 Daily averages for period— Estimated excess reserves of member banks 963 +205 +496 Member bank borrowings at F. R. Banks 140 + 7 -1,027 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,857 million, a decrease of $8 million for the week and an increase of $453 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since April 28, April 21, April 29, 1954 1954 1953 A S S E TS Gold certificates 20,412,100 + 9,996 220,999 . Redemption fund for F. R. notes 871,224 2,422 + 118,605 Total gold certificate reserves 21,283,324 + 7,574 - 102,394 Other cash 395,921 + 6,852 + 45,827 Discounts and advances 216,723 + 61,554 - 620,127 Industrial loans 1,221 + 15 2,255 U. S. Government securities: Bought outright— Bills 1,910,975 +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 Held under repurchase agreement Total U. S, Government securities 24,632,337 + 826,221 -- Total loans and securities 24,850,281 + 61,569 + 203,839 Due from foreign banks 22 1 -- • F. R. notes of other banks 155,067 + 2,448 + 1,298 Uncollected cash items 3,552,230 588,579 54,960 - - Bank premises 53,264 - 90 + 3,703 Other assets 178,750 + 8,903 - 23,874 TOTAL ASSETS 50,468,859 501,323 + 73,438 - L I A B I L I T I ES Federal Reserve notes 25,393,812 22,949 162,319 - - Deposits: Member bank—reserve accounts 19,698,915 + 133,091 + 209,568 U. S. Treasurer--general account 499,243 - 65,599 + 131,747 Foreign 469,059 + 25,886 - 49,356 Other 304,704 83,585 96,344 - - Total deposits 20,971,921 + 9,793 + 195,615 Deferred availability cash items 3,019,059 417,979 7,413 - - Other liabilities and accrued dividends 19,359 + 1,311 - 1,427 TOTAL LIABILITIES 49,404,151 429,824 + 24,456 - C A P I T AL A C C O U N TS Capital paid in 271,203 + 116 + 13,964 Surplus (Section 7) 625,013 + 40,337 - — Surplus (Section 13b) 27,543 - - Other capital accounts 140,949 71,615 5,319 - - TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,468,859 501,323 + 73,438 - Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.956 .3% - - - Contingent liability on acceptances purchased for foreign correspondents 16,455 925 15,403 • Industrial loan commitments 2,958 19 13 - - MATURITY DISTRIBUTION OF LOANS AND SECURITIES ,APRIL 28, 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 195,B77 ±3-n 492,675 16 to 90 days 20,846 SS3- vY\ 3,104,666 91 days to 1 year 9 6 5 -^ 12,277,575 Over 1 year to 5 years — 45 6,307,260 Over 5 years to 10 years 1,035,304 Over 10 years 1,414,857 Total 216,723 1,221 24,632,337 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 28, 1954 (In thousands of dollars) H.4.1(b) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 20,412,100 1013,009 5,819,987 1242,508 1718,347 996,921 928,892 3657,461 778,192 454,908 778,425 746,982 2276,468 Redemption fund for F. R. notes 871,224 52,896 176,393 59,295 79,821 69,368 57,001 148,896 48,628 25,207 40,837 29,819 83,063 Total gold certificate reserves 21,283,324 1065,905 5,996,380 1301,803 1798,168 1066,289 985,893 3806,357 826,820 480,115 819,262 776,801 2359,531 Other cash 395,921 26,865 71,951 23,216 32,457 22,778 37,298 71,790 25,064 10,736 11,624 17,091 45,051 Discounts and advances 216,723 21,130 22,725 4,872 19,201 8,053 21,784 70,237 10,679 21,033 9,992 4,376 2,641 Industrial loans 1 j 221 — — 1,112 -- — — - - — 109 — — — U. S. Govt, securities: Bought outright— Bills 1,910,975 105,444 488,124 116,298 163,784 112,552 97,328 334,073 79,965 46,928 82,447 75,090 208,942 Certificates 6,051,191 333,893 1,545,668 368,263 518,629 356,403 308,193 1057,857 253,212 148,599 261,073 237,776 661,625 Notes 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 Bonds 3,641,150 200,911 930,066 221,593 312,072 214,457 185,447 636,539 152,364 89,4l6 157,094 143,075 398,116 Total 24,632,337 1359,163 6,291,887 1499,075 2111,164 1450,795 1254,550 4306,176 1030,740 604,896 1062,73% 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 securities 24,850,281 1380,293 6,314,612 1505,059 2130,365 1458,848 1276,334 4376,413 1041,419 626,038 1072,730 972,279 2695,891 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 1 2 F.R. notes of other banks 155,067 3,173 21,254 8,006 7,213 20,228 28,358 16,400 9,195 6,877 8,276 7,589 18,498 Uncollected cash items 3,552,230 274,086 648,583 228,038 331,168 271,780 268,755 560,766 144,838 91,750 216,158 169,044 347,264 Bank premises 53,264 6,097 7,566 4,844 5,144 4,640 3,978 6,386 2,883 1,014 2,459 578 7,675 Other assets 178,750 9,421 44,329 10,685 15,654 10,606 9,724 30,601 7.704 4,308 8,145 8,055 19,518 TOTAL ASSETS 50,468,859 2765,841 13,104,681 3081,653 4320,171 2855,170 2610,341 8868,716 2057,924 1220,839 2138,655 1951,438 5493,430 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 28, 1954 H. k. 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 25,393,812 1572,350 5,669,070 1812,473 2353,740 1727,755 1360,986 4905,986 1145,179 627,360 987,782 709,848 2521,283 Deposits: Member "bank-reserve accts. 19,698,915 807,684 6,155,328 923,755 1501,418 779,429 900,095 3211,394 695,349 439,411 883,537 977,935 2423,580 U.S.Treasurer-general acct. 499,243 33,674 100,150 36,758 35,147 34,769 40,617 55,458 31,809 27,896 28,717 32,022 42,226 Foreign 469,059 28,023 1/142,866 33,996 42,265 23,429 19,754 63,857 17,457 11,485 17,457 21,592 46,878 Other _4j 306 1.913 Total deposits 20,971,921 873,984 6,638,230 996,017 1583,060 840,582 963,177 3334,018 752,643 480,350 930,017 1033,462 2546,381 Deferred avail, cash items 3,019,059 252,654 493,149 193,334 284,051 229,340 236,927 477,295 116,677 84,211 178,149 157,593 315,679 Other liabilities and accrued dividends 19,759 1.041 5.412 1.062 2,012 1.002 861 3,120 711 567 743- 940 3.910 TOTAL LIABILITIES 49,404,151 2700,029 12,805,861 3002,886 4222,863 2398^679 2561,931 8720,419 2015,210 1192,488 2096,689 1901,843 5385,253 Capital paid in 271,203 14,623 83,339 18,432 26,021 12,047 11,688 35,610 9,348 6,056 10,347 13,532 30,160 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 2,140 Other capital accounts 140.949 9.399 31.529 9.937 12.633 9.345 7.926 20.466 7.380 5.003 7.026 6.610 13.695 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,468,859 2765,841 13,104,681 3081,653 4320,171 2855,170 2610,341 8868,716 2057,924 1220,839 2138,655 1951,438 5493,430 Contingent liability on acceptances purchased for foreign correspondents 16,455 1,007 2/4,740 1,221 1,518 841 710 2,293 627 412 627 776 1,683 Industrial loan commitments 2,958 1,160 747 47 122 24 858 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,551,454 1636,974 5,880,255 1931,705 2467,697 1833,789 1450,964 5044,901 1198,179 643,514 1022,993 752,489 2687,994 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 91,893 20,642 16,605 4,280 — 7,645 — — 10,375 20,833 9,688 — 1,825 U. S. Govt, securities 16.955.000 1200.000 3.600.000 1200.000 1550.000 1300.000 1000.000 2700.000 960.000 500.000 800.000 525.000 1620.000 Total collateral 28,089,893 1860,642 6,286,605 2004,280 2500,000 1932,645 1485,000 5100,000 1325,375 695,833 1089,688 808,000 3001,825 l/ After deducting $326,174,000 participations of other Federal Reserve Banks. 2/ After deducting $11,715,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis