H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) June 10, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 9, Member bank reserves increased $558 million. The principal changes supplying reserves were decreases of $198 million in Treasury deposits with Federal Reserve Banks, $178 million in Other deposits with Federal Reserve Banks, and $6l million in Money in circulation, and an increase of $158 million in Reserve Bank credit. The principal offsetting change was an increase of $43 million in Foreign deposits with Federal Reserve Banks. The increase of $158 million in Reserve Bank credit resulted from increases of $175 million in U. S. Government securities bought outright and $2 million in Loans, discounts and advances, and a decrease of $19 million in Float. Holdings of U. S. Government securities bought outright reflected an increase of $175 million in bills. Change since Member Bank Reserves June 9, June 2, June 10, and Related Items 1954 1954 1953 (in millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 24,987 +175 +355 q Held under repurchase agreement Loans, discounts and advances 178 + 2 -280 Float 574 - 19 - 72 Total 25,740 +158 - 1 Gold stock 21,924 + 1 -613 Treasury currency outstanding 4,957 - 1 +107 Money in circulation 29,873 - 61 -130 825 - 6 -464 Treasury cash holdings 250 -198 +244 Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks 563 + 43 - 24 201 -178 + 28 Other deposits with F. R. Banks Other F. R. accounts (net) 876 - 1 - 26 20,032 +558 -136 Member bank reserves Required reserves (estimated) 18,868 + 3 -581 Excess reserves (estimated) 1,164 +555 +445 Daily averages for period— Estimated excess reserves of member banks 27 ( ->71 2 147 - 46 -396 Member bank borrowings at F. R. Banks U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,957 million, a decrease of $15 million for the week and an increase of $508 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 June 9, June 2, June 10, 1954 1954 1953 A S S E TS . Gold certificates 20,382,102 1 193,501 Redemption fund for F. R. notes 856,300 - 2,146 + 77,617 Total gold certificate reserves 21,238,402 - 2,147 • 115,884 Other cash 350,576 + 9,876 + 43,666 Discounts and advances 176,778 + 1,875 - 277,321 Industrial loans 1,331 + 93 2,110 U. S. Government securities: Bought outright-- Bills 2,265,975 + 175,000 +1,376,221 Certificates: Special mm mm - 451,000 Other 6.599.791 - - +1,604,075 Notes 13,029,021 - 744,650 Bonds 3,092,550 -1,429,425 Total bought outright 24,987,337 + 175,000 + 355,221 Held under repurchase agreement - 5,000 Total U. S. Government securities 25,987,337 + 175,000 + 350,221 Total loans and securities 25,165,446 + 176,968 + 70,790 Due from foreign banks 22 "" - - 1 F. R. notes of other banks 134,892 + 8,557 - 4,469 Uncollected cash items 3.458.792 14,278 + 15,940 - Bank premises 53,407 + 24 + 3,573 Other assets 193,883 + 8,474 + 63,427 TOTAL ASSETS 50,595,420 + 187,474 + 77,042 L I A B I L I T I ES Federal Reserve notes Deposits: 25,541,351 - 49,767 - 164,021 Member bank--reserve accounts 20,031,678 + 558,100 - 136,547 U. S. Treasurer--general account 250,340 - 197,854 + 244,332 Foreign 563,093 + 43,071 - 24,218 Other 200,763 - 178,375 + 27,745 Total deposits 21,045,874 + 224,942 + 111,312 Deferred availability cash items 2,884,524 + 4,662 + 88,052 Other liabilities and accured dividends 21,009 + 1,393 - 1,424 TOTAL LIABILITIES 49,492,755 + 181,230 + 33,919 C A P I T AL A C C O U N TS Capital paid in 271,744 + 86 + 13,761 Surplus (Section 7) 625,013 - - + 40,337 Surplus (Section 13b) 27,543 Other capital accounts 178,362 + 6,158 10,975 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,595,420 + 187,474 + 77,042 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.6# - .2% - .2% Contingent liability on acceptances purchased for foreign correspondents 16,086 + 1,332 - 13,475 Industrial loan commitments 2,316 - 94 - 535 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 9, 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 152,598 3 380,300 l6 to 90 days 24,180 257 2,036,075 91 days to 1 year 1,028 13,813,541 Over 1 year to 5 years 43 6,307,260 Over 5 years to 10 years 1,035,304 Over 10 years Digitized for FRASER 1.414.857 Total http://fraser.stlouisfed.org/ 176,778 1,331 24,987,337 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 9, 1954 H.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 20,382,102 991,090 5,719,861 1219,120 1743,072 1000,949 936,564 3687,998 763,224 462,262 824,154 736,173 2297,635 Redemption fund for F. R. notes 856,300 52,128 173,554 57,873 78,843 63,585 56,345 147,831 48,341 25,084 4400,,662222 29,617 82,477 Total gold certificate reserves 21,238,402 1043,218 5,893,415 1276,993 1821,915 1064,534 992,909 3835,829 811,565 487,346 886644,,777766 765,790 2380,112 Other cash 350,576 22,214 67,611 23,170 32,624 18,870 34,916 60,013 21,182 9,832 9,617 13,671 36,856 Discounts and advances 176,778 21,120 20,505 11,757 13,581 11,538 7,098 52,797 13,174 6,298 11,674 3,990 3,246 Industrial loans 1,331 -- — 1,226 -- — -- — — 105 - ^ U. S. Govt, securities: Bought outright— Bills 2,265,975 125,032 578,803 137,902 194,210 113333,,446611 115,408 339966,,113333 94,820 5555,,664466 9977,,776633 8899,,003399 224477,,775588 Certificates 6,599,791 364,163 1,685,798 401,650 565,648 388,715 336,133 1153,763 276,168 162,071 284,742 259,332 721,608 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 3,092,550 170,641 789,936 188,206 265,053 182,145 157,507 540,633 129,408 75,944 133,425 121,519 338,133 Total 24,987,337 1378,751 6,302,566 1520,679 2141,590 1471,704 1272,630 4368,236 1045,595 613,614 1078,054 981,852 2732,066 Held under repurchase agreement Total U. S. Government securities 24,987,337 1378,751 6,382,566 1520,679 2l4l,590 1471,704 1272,630 4368,236 1045,595 613,6l4 1078,054 981,852 2732,066 Total loans and securities 25,165,446 1399,871 6,403,071 1533,662 2155,171 1483,242 1279,728 4421,033 1058,769 620,017 1089,728 985,842 2735,312 Due from foreign banks 22 l l/ 6 2 2 1 1 3 1 1 1 1 2 F.R. notes of other banks 134,892 3,985 26,116 8,151 8,023 13,144 18,239 16,728 8,120 4,268 6,736 6,773 14,609 Uncollected cash items 3,458,792 260,883 607,692 218,605 317,299 285,658 255,196 557,827 165,163 103,181 182,052 176,663 328,573 Bank premises 53,407 6,064 7,577 5,046 5,111 4,621 3,965 6,386 2,871 1,012 2,457 571 7,726 Other assets 193,883 10,457 48,272 11,627 16,902 Il,44l 10,533 33,312 8,365 4,737 8,674 8,440 21,123 TOTAL ASSETS 50,595,420 2746,693 13,053,760 3077,256 4357,047 2881,511 2595,487 8931,131 2076,036 1230,394 2164,041 1957,751 5524,313 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 TEE FEDERAL RESERVE BANKS ON JUNE 9, 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 25,541,351 1578,962 5,702,102 1816,087 2366,968 1717,807 1369,115 4926,622 1143,558 626,677 997,430 724,828 2571,195 Deposits: Member bank-reserve accts. 20,031,678 802,938 6,208,089 915,410 1523,483 825,284 913,224 3275,012 717,246 455,019 942,995 1000,956 2452,022 U.S.Treasurer-general acct 250,340 17,929 57,586 22,692 25,646 9,159 18,288 36,994 8,664 12,890 14,662 10,105 15,725 Foreign 563,093 33,654 1/171,366 40,826 50,756 28,137 23,723 76,686 20,965 13,793 20,965 25,930 56,292 Other 200,763 3,795 119,574 9,463 12,157 1,966 887 3,826 7,792 1,302 5,238 575 34.188 Total deposits 21,045,874 858,316 6,556,615 988,391 1612,042 864,546 956,122 3392,518 754,667 483,004 983,860 1037,566 2558,227 Deferred avail, cash items 2,884,524 240,529 479,270 190,577 275,406 239,513 219,160 453,530 132,952 91,010 138,458 143,574 280,545 Other liabilities and accrued dividends 21,009 1,168 6,663 1,145 2.203 1,001 903 3,148 740 524 704 810 2,000 TOTAL LIABILITIES 49,492,758 2678,975 12,744,650 2996,200 4256,619 2822,867 2545,300 8775,818 2031,917 1201,215 2120,452 1906,778 5411,967 Capital paid in 271,744 14,662 83,416 18,473 26,059 12,095 11,730 35,666 9,379 6,064 10,450 13,566 30,184 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 TOTAL LIABILITIES AMD • • f •• 1 r .. ,.-r f - , - . r , , , ^ i , , , - ^ ^ * » CAPITAL ACCOUNTS 50,595,420 2746,693 13,053,760 3077,256 4357,047 2881,511 2595,4878 931,131 2076,036 1230,394 2164,041 1957,751 5524,313 Contingent liability on acceptances purchased for foreign correspondents 16,086 982 2/4,655 1,191 1,481 821 692 2,238 612 403 612 757 1,642 Industrial loan commitments 2,316 539 747 45 120 22 843 FEDERAL RESERVE AGENTS' ACCOUNTS F~ R. notes outstanding 26,570,976 1636,765 5,909,233 1915,351 2492,078 1822,336 1457,542 5021,084 1193,209 640,524 1024,798 752,304 2705,752 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 69,860 19,717 10,055 — 10,365 12,300 5,723 10,800 900 U. S. Govt, securities 16,945,000 1200,000 3,600,000 1200,000 1550,000 1300,000 1000,0002 700,000 950,000 500,000 800,000 525,000 1620,000 Total collateral 28,057,860 1859,717 6,270,000 2010,055 2500,000 1935,365 1485,000 5100,000 1317,300 680,723 1090,800 808,000 3000,900 1/ After deducting $391,707,000 participations of other Federal Reserve Banks. 2/ After deducting $11,431,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis