H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) August 12, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 11, Member bank reserves decreased $2 million. The principal changes reducing reserves were decreases of $50 million in Gold stock and $39 million in Reserve Bank credit, and increases of $34 million in Foreign deposits with Federal Reserve Banks and $18 million in Money in circulation. The principal offsetting changes were decreases of $84 million in Treasury deposits with Federal Reserve Banks and $4l million in Other deposits with Federal Reserve Banks. The decrease of $39 million in Reserve Bank credit resulted from an increase of $318 million in Loans, discounts and advances and decreases of $302 million in U. S. Government securities bought outright and $55 million in Float. Holdings of U. S. Government securities bought outright reflected a decrease of $302 million in bills. Change since Member Bank Reserves August 11, August 4, August 12, and Related Items .. 1954 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities — Bought outright 24,023 -302 - 941 Held under repurchase agreement Loans, discounts and advances 489 +318 • 290 Float 554 - 55 < 55 Total 25,066 - 39 -1,286 Gold stock 21,858 - 50 - 370 Treasury currency outstanding 4,960 + 1 + 101 Money in circulation 29,911 + 18 - 247 Treasury cash holdings 799 - 9 - 476 Treasury deposits with F. R. Banks 593 - 84 - 82 Foreign deposits with F. R. Banks 559 + 34 + 8 Other deposits with F. R. Banks 387 - 4l + 58 Other F. R» accounts (net) 905 - 2 + 46 Member bank reserves 18,731 - 2 - 862 Required reserves (estimated) 17,602 - 80 -1,340 Excess reserves (estimated) 1,129 + 78 + 478 Daily averages for period-- Estimated excess reserves of member b 959 - 96 + 249 Member bank borrowings at F. R. Banks 182 +111 - 656 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,056 million, a decrease of $1 million for the week and an increase of $620 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 § August 11, August 4, August 12, 1954 1954 11995533 A S S E TS Gold certificates 20,327,102 - 40,000 + 81,001 Redemption fund for F. R. notes 847,011 3,543 + 56,243 - Total gold certificate reserves 21,174,113 43,543 + 137,244 - F. R. notes of other Banks 121,412 + 2,485 - 58,774 Other cash 374,045 8,699 + 37,648 - Discounts and advances 487,486 + 317,500 - 288,857 Industrial loans 1,184 + 128 1,674 U. S. Government securities: Bought outright-- Bills 1,301,750 302,000 -- 337700,,555544 Certificates 6,599,791 +1,604,075 Notes 13,029,021 - 744,650 - - Bonds 3,092,550 -1,429,425 Total bought outright 24,023,112 302,000 - 940,554 - Held under repurchase agreement Total U. S. Government securities 24,023,112 302,000 - 940,554 - Total loans and securities 24,511,782 + 15,628 -1,231,085 Due from foreign banks 22 «. - 1 Uncollected cash items 3,557,645 + 139,320 - 200,464 Bank premises 53,705 + 41 + 3,679 Other assets 140,914 + 8,342 - 15,115 TOTAL ASSETS 49,933,638 + 113,574 -1,326,868 L I A B I L I T I ES Federal Reserve notes 25,560,754 + 6,569 - 339,110 Deposits: Member bank—reserve accounts 18,731,314 - 2,177 - 861,253 U. S. Treasurer—general account 593,012 83,728 - 81,507 Foreign 559,186 + 34,480 + 8,164 Other 386,507 41,694 + 57,918 - Total deposits 20,270,019 93,119 - 876,678 - Deferred availability cash items 3,003,523 + 194,126 - 145,356 Other liabilities and accrued dividends 13,696 417 3,825 • TOTAL LIABILITIES 48,847,992 + 107,159 -1,364,969 C A P I T AL A C C O U N TS Capital paid in 274,600 + 677 + 13,699 Surplus (Section 7) 625,013 — — + 40,337 Surplus (Section 13b) 27,543 Other capital accounts 158,490 + 5,738 - 15,935 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,933,638 + 113,574 -1,326,868 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 4466..22## — — ++ 11..55## Contingent liability on acceptances purchased for foreign correspondents 6,789 1,607 - 18,695 - Industrial loan commitments 2,241 149 1,436 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 11, 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 390,443 2 ~ 506,000 16 to 90 days 96,806 883 1,706,175 91 days to 1 year 237 259 12,972,716 Over 1 year to 5 years 40 6,307,260 Over 5 years to 10 years 1,035,304 Over 10 years 1,414,857 Digitized for FRASER Total '487,486 1,104 24,023,112 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 11, 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 SariFran. Gold certificates 20,327,102 1011,321 5,430,770 1235,851 1731,779 1051,986 957,869 3701,016 815,709 483,842 841,639 755,528 2309,792 Redemption fund for F. R. notes 847,011 51,206 170,058 56,021 77,537 66,070 55,472 146,422 47,939 24,918 40,299 29,342 81,727 Total gold certificate reserves 21,174,113 1062,527 5,600,828 1291,872 1809,316 1118,056 1013,341 3847,438 863,648 508,760 881,938 784,870 2391,519 F.R. notes of other Banks 121,412 10,005 23,220 6,176 3,959 9,740 17,510 12,569 5,972 10,762 6,215 4,988 10,296 Other cash 374,045 27,216 75,617 23,431 41,483 16,199 33,169 63,896 22,905 7,397 11,414 12,313 39,005 Discounts and advances 48?,486 15,800 278,260 18,250 45,810 15,837 6,665 42,075 11,890 5,825 13,190 5,174 28,710 Industrial loans 1,184 1,085 99 U. S. Govt, securities: Bought outright— Bills 1,301,750 71,828 332,509 79,222 111,569 76,670 66,299 227,569 54,472 31,968 56,162 51,151 142,331 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 1424,56? 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 24,023,112 1325,547 6,136,272 1461,999 2058,949 1414,913 1223,521 4199,672 1005,24? 589,936 1036,453 943,964 2626,639 Held under repurchase agreement Total U. S. Government securities 24,023,112 1325,547 6,136,272 1461,999 2058,949 1414,913 1223,521 4199,672 1005,247 589,936 1036,453 943,964 2626,639 Total loans and securities 24,511,782 1341,347 6,414,532 1481,334 2104,759 1430,750 1230,186 4241,74? 1017,137 595,860 1049,643 949,138 2655,349 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 12 Uncollected cash items 3,557,645 265,431 653,652 220,378 324,260 304,008 259,855 557,456 150,156 111,157 187,779 182,483 341,030 Bank premises 53,705 5,997 7,584 5,147 5,087 4,585 3,947 6,347 2,859 1,007 2,462 565 8,118 Other assets 140,914 7,647 34,404 8,450 12,085 8,376 7,879 24,242 6,159 3,511 6,439 6,435 15,28? TOTAL ASSETS 49,933,638 2720,171 12,809,843 3036,790 4300,951 2891,715 2565,888 8753,698 2068,837 1238,455 2145,891 1940,793 5460,606 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 AUGUST 11, 1954 (in thousands of dollars) [.4.1(c) 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. 607,641 997,489 732,966 2575,611 federal Reserve notes 25,560,754 1576,763 5,721,357 1801,024 2375,883 1730,372 1359,710 4948,551 1133,387 pepos its: Member bank-reserve accts. 18,731,314 757,299 5,658,427 873,396 1436,084 778,803 879,587 3020,846 694,905 454,218 891,070 948,085 2338,594 U.S.Treasurer-general acct . 593,012 37,174 146,722 37,653 42,887 32,528 31,021 86,383 38,967 31,162 33,740 32,969 4l,806 Foreign 559,186 32,818 37177,187 39,812 49,496 27,438 23,134 74,782 20,444 13,450 20,444 25,286 54,895 Other 386,507 4,336 300,928 10,121 10,234 2,378 850 2,456 7,959 1,024 5.631 719 39,871 De T f o er ta re l d d a ep v o a s il i , ts cash items 20 3 , , 2 0 7 0 0 3, , 5 0 2 1 3 9 2 8 4 3 4 1 , , 3 6 6 2 3 7 6,2 4 8 9 3 6 , , 2 9 6 5 4 4 1 9 9 6 4 0 , ,9 0 8 71 2 2 1 8 5 5 3 , 8 4 , 6 7 4 01 8 2 4 6 1 1 , , 1 8 4 8 7 2 2 9 2 3 1 4 ,5 ,5 1 9 2 2 3 4 1 6 8 6 4 ,5 ,4 3 6 4 7 7 1 6 2 2 9 , , 2 2 7 6 5 4 4 1 9 0 9 1 , , 8 6 5 2 4 6 9 1 5 5 0 4 , , 8 0 8 5 5 5 1 1 0 4 0 9 7 ,6 ,0 1 5 1 9 2 2 4 9 7 8 5 ,1 ,1 8 6 7 6 Dther liabilities and accrued dividends 13,696 582 4,455 569 1,540 661 662 1,968 492 566 541 504 1,156 12,506,030 2956,646 4201,588 2834,062 2516,476 8601,520 2025,418 1209,687 2102,970 1890,140 5350,120 TOTAL LIABILITIES 48,847,992 2653,335 iapital paid in 274,600 14,781 83,429 18,706 26,715 12,231 11,878 36,207 9,477 1 6 6 , , 1 2 0 1 8 9 1 2 0 3 , , 5 4 7 5 3 6 1 2 3 8 , , 9 1 4 4 9 6 3 6 0 2 , , 5 1 4 8 6 2 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 158,490 10,265 36.432 11,040 13,994 10,323 8,738 23,750 7,956 5,368 7,755 7,251 15,618 TOTAL LIABILITIES AND 49,933,638 2720,171 12,809,843 3036,790 4300,951 2891,715 2565,888 8753,698 2068,837 1238,455 2145,891 1940,793 5460,606 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 6,789 415 2/1,961 503 626 347 292 945 258 170 258 320 694 Industrial loan commitments 2,241 472 867 45 115 19 723 FEDERAL RESERVE AGENTS' ACCOUNTS 26,530,708 1636,999 5,914,772 1895,267 2475,507 1829,115 1420,239 5033,757 1182,493 635,448 1029,213 765,44? 2712,451 p. R, notes outstanding Collateral for F.R. notes: 11,093,000 640,000 2,670,000 800,000 1000,000 625,000 485,000 2400,000 355,000 175,000 280,000 283,000 1380,000 Gold certificates 10,480 10,482 7,900 3,200 9,200 5,500 Eligible paper 16,880!000 12Qo!000 3,600,000 1200,000 1500.000 1300.000 1000,000 2700,000 935,000 500,000 800,090—525 000,l620000 U. S. Govt, securities ? ; 28,029,157 1849^395 6^270,000 2010^480 2500,000 1935,482 1485,000 5100,000 1297,900678,200 1089,200808,000 3005,500 Total collateral 1/ After deducting $381,980,000 participations of other Federal Reserve Banks. 2/ After deducting $4,828,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis