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 17, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June l6, Member bank reserves decreased $118 million. The principal changes reducing reserves were increases of $209 million in Treasury deposits with Federal Reserve Banks and $121 million in Other F. R. account s(net). The principal offsetting changes were an increase of $104 million in Reserve Bank credit and decreases of $70 million in Money in circulation, $20 million in Foreign deposits with Federal Reserve Banks, and $15 million in Treasury cash holdings. The increase of $104 million in Reserve Bank credit resulted from an increase of $223 million in Float and decreases of $77 million in U. S. Government securities bought outright and $41 million in Loans, discounts and advances. Holdings of U. S. Government securities bought outright reflected a decrease of $77 million in bills. Change since Member Bank Reserves June l6, June 9, June 17, and Related Items 1954 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 24,910 - 77 - 244 Held under repurchase agreement Loans, discounts and advances 137 - 41 - 152 Float 797 +223 - 416 Total 25,844 +104 - 812 Gold stock 21,925 + l 588 - Treasury currency outstanding 4,956 - 1 + 105 Money in circulation 29,803 - 70 - 167 Treasury cash holdings 810 - 15 - 466 Treasury deposits with F. R. Banks 459 +209 + 451 Foreign deposits with F. R. Banks 543 - 20 - 55 Other deposits with F. R. Banks 199 - 2 - 53 Other F. R. accounts (net) 997 +121 + 39 Member bank reserves 19,914 -118 -1,044 Required reserves (estimated) 19,107 +239 - 671 Excess reserves (estimated) 807 -357 - 373 Daily averages for period— Estimated excess reserves of member banks 958 +1 + 6l Member bank borrowings at F. R. Bank s117 - 30 - 277 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,956 million, a decrease of $1 million for the week and an increase of $509 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 l6, June 9, June 17, 1954 1954 1953 A S S E TS Gold certificates 20,377,102 5,000 168,499 Redemption fund for F. R, notes 864,164 + 7,864 + 73,338 Total gold certificate reserves 21,241,266 + 2,864 - 95,151 Other cash 364,051 + 13,475 + 46,690 Discounts and advances 135,526 41,252 150,549 - - Industrial loans 1,301 30 1,903 U. S. Government securities: Bought outright-- Bills 2,189,175 76,800 +1, 149,421 - Certificates: Special mm mm tm mm - 823,000 Other 6,599,791 +1,604,075 — - Notes 13,029,021. 744,650 " - - Bonds 3,092,550 -1,429,425 - — Total bought outright 24,910,537 76,800 243,579 - Held under repurchase agreement Total U. S. Government securities 24,910,537 — 76,800 - 243,579 Total loans and securities 25,047,364 - 118,082 - 396,031 Due from foreign banks 22 1 — — - F. R. notes of other banks 147,367 + 12,475 + 3,025 Uncollected cash items 4,916,221 +1,457,429 489,950 - Bank premises 53,613 + 206 + 3,667 Other assets 78,279 115,604 2,838 - - TOTAL ASSETS 51,848,183 +1,252,763 930,599 - L I A B I L I T I ES Federal Reserve notes 25,485,211 56,140 194,938 - - Deposits: Member bank--reserve accounts 19,913,805 117,873 -1,044,281 U. S. Treasurer--general account 459,305 + 208,965 + 451,376 Foreign 542,935 20,158 55,471 - - Other 198,565 2,198 53,314 - ~ Total deposits 21,114,610 + 68,736 701,690 - Deferred availability cash items 4,119,515 +1,234,991 73,977 - Other liabilities and accrued dividends 19,987 1,022 1,922 - - TOTAL LIABILITIES 50,739,323 +1,246,565 972,527 - C A P I T AL A C C O U N TS Capital paid in 272,029 + 285 + 13,788 Surplus (Section 7) 625,013 - — + 40,337 Surplus (Section 13b) 27,543 - - - - Other capital accounts 184,275 + 5,913 - 12,197 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,848,183 +1,252,763 930,599 - Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.6# + .Ho - - Contingent liability on acceptances purchased for foreign correspondents 16,377 + 291 1122,,116655 Industrial loan commitments 2,345 + 29 885544 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 16, 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 113,662 239 420,200 16 to 90 days 21,864 13 1,919,375 91 days to 1 year 1,007 13,813,5^1 Over 1 year to 5 years 42 6,307,260 Over 5 years to 10 years 1,035,304 Digitiz O e v d e fo r r F 1 RA 0 S E y R e ars 1.414.857 http://fraser.stTloouitsfaedl.o rg/ 135,526 1,301 24,910,537 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE l6, 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 20,377,102 1021,113 5,483,059 1278,326 1708,054 988,112 952,837 3700,579 815,779 487,831 843,874 713,217 2384,321 Redemption fund for F. R. notes 864,164 52,024 173,167 57,671 78,701 72,691 56,264 147,689 48,301 25,070 40,591 29,589 82,4o6 Total gold certificate reserves 21,241,266 1073,137 5,656,226 1335,997 1786,755 1060,803 1009,101 3848,268 864,080 512,901 884,465 742,806 2466,727 Other cash 364,051 23,329 70,617 22,786 37,068 18,920 34,423 61,376 21,936 9,178 10,727 14,521 39,170 Discounts and advances 135,526 9,710 21,865 7,565 7,670 11,120 7,779 20,165 10,945 5,253 21,635 7,539 4,280 Industrial loans 1,301 — — 1,196 — — — — — — — — — 105 — U. S. Govt, securities: Bought outright-- Bills 2,189,175 120,795 559,185 133,229 187,627 128,938 111,497 382,707 91,606 53,760 94,449 86,022 239,360 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 f uy ,^ ju iuu^uu cup,up j Total 24,910,537 1374,514 6,362,948 1516,006 2135,007 1467,181 1268,719 4354,810 1042,381 611,728 1074,740 978,835 2723,668 Held under repurchase agreement Total U. S. Government securities - 24,910,537 1374,514 6,362,948 1516,006 2135,007 1467,181 1268,719 4354,810 1042,381 611,728 1074,740 978,835 2723,668 Total loans and securities 25,047,364 1384,224 6,384,813 1524,767 2142,677 1478,301 1276,498 4374,975 1053,326 617,086 1096,375 986,374 2727,948 Due from foreign banks 22 1 1/6 2 2 1 1 1 3 1 l 1 12 F.R. notes of other banks 147,367 3,823 27,453 10,172 9,201 13,593 18,582 17,847 8,135 5,388 9,306 8,010 15,857 Uncollected cash items 4,916,221j 348,932 934,648 ,318,450 462,830 369,087 326,005 856,427 206,401 l40,l4l 233,396 202,475 517,429 v Bank premises 53,613 6,064 7,578 5,046 5/124 4,622 3,964 6,386 2,871 1,012 2,457 571 7,918 Other assets 78,279 4,095 18,779 4,4i6 6,891 4,589 4,633 13,188 3,433 1,851 3,717 4 l4l_ 8^546 r TOTAL ASSETS 51,848,183 2843,605 13,100,120 3221,636 4450,548 2949,916 2673,207 9178,470 2160,183 1287,558 2240,444 1958,899 5783,597 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 JUNE l6, 19^4 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. Lai la. a SauF ran. Federal Reserve notes 25,485,211 1579,205 5,697,637 1818,366 2359,719 1711,47 21362,319 4922,838 1139,789 624,808 992,216 715,799 2561,043 Deposits: Member bank-reserve accts. 19,913,805 811,931 6,046,142 930,346 1513,345 820,074 912,658 3217,527 742,738 455,505 965,956 966,759 2530,824 U.S.Treasurer-general acct.. 459,305 31,565 76,326 20,351 29,840 25,109 38,857 89,702 13,748 41,864 32,992 21,169 37,782 Foreign 542,935 32,873 1/160,297 39,879 49,579 27,484 23,173 74,907 20,478 13,473 20,478 25,328 54,986 Other _._198,J)6.5, 6,051 117.787 10.732 9.462 2JA9, 891. 4.221 6.894 1.092 3.899 470 34.917 Total deposits 21,114,610 882,420 6,400,552 1001,308 1602,226 874,816 975,579 3386,357 783,858 511,934 1023,325 1013,726 2658,509 Deferred avail, cash items 4,119,515 312,819 685,305 319,476 385,649 303,776 283,837 709,568 191,541 120,867 180,368 177,190 449,119 Other liabilities and accrued dividends 19.987 1,175 5,943 1.073 1.982 895 965 3.107 668 634 723 977 1.845 TOTAL LIABILITIES 50,739,323 2775,619 12,789,437 3140,223 4349,576 2890,959 2622,700 9021,870 2115,856 1258,243 2196,632 1907,692 5670,516 Capital paid in 272,029 14,684 83,425 18,476 26,038 12,097 11,769 35,857 9,388 6,070 10,456 13,583 30,186 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 __ 184,275 11.512 43.306 12.539 16.280 11.761 9.942 28.522 8.953 5.953 8.763 8.171 .18.573 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,848,183 2843,605 13,100,120 3221,636 4450,548 2949,916 2673,207 9178,470 2160,183 1287,558 2240,444 1958,899 5783,597 Contingent liability on acceptances purchased for foreign correspondents 16,377 1,000 2/ 4,733 1,214 1,509 836 705 2,280 623 410 623 771 1,673 Industrial loan commitments 2,345 568 747 45 120 22 843 FEDERAL RESERVE A'GENTS' ACCOUNTS F. R. notes outstanding 26,530,993 1629,601 5,905,812 1914,402 2474,217 1816,963 1450,750 5015,951 1187,631 640,544 1024,375 756,192 2714,555 Collateral for F.R. notes; Gold certificates 11,043,000 640,000 2,670,000 800,000 950,000 662255,,000000 485,000 2400,000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 54,948 7,270 4,605 9,080 9,425 4,253 20,115 200 U. S. Govt, securities 16.945.000 1200.000 3.600.000 1200.000 1550.000 1300.000 1000.000 2700.000 950.000 500.000 800.000 525.000 1620.000 Total collateral 28,042,948 1847,270 6,270,000 2004,605 2500,000 1934,080 1485,000 5100,000 1314,425 679,253 1100,115 808,000 3000,200 l/ After deducting $382,619,000 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