H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM E.4.1 (For Immediate Release) August 19, 195)4. CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 18, Member bank reserves increased $^5 million. The principal changes supplying reserves were an increase of $117 million in Reserve Bank credit and decreases of $45 million in Money in circulation and $11 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $53 million in Treasury deposits with Federal Reserve Banks, $40 million in Other deposits with Federal Reserve Banks, $23 million in Other F. R. accounts (net), and $13 million in Treasury cash holdings. The increase of $117 million in Reserve Bank credit resulted from increases of $212 million in Float and $80 million in U. S. Government securities held under repurchase agreement#and decreases of $147 million in U. S, Government securities bought outright and $28 million in Loans, discounts and advances. Holdings of U. S. Government securities bought outright reflected a decrease of $147 million in bills. Change since Member Bank Reserves August 18, August 11, August 19, and Related Items 1954 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 23,876 -147 -1,113 Held under repurchase agreement 80 + 80 + 61 Loans, discounts and advances 461 - 28 - 357 Float 766 +212 + 15 Total 25,183 +117 -1,394 Gold stock 21,858 - - - 370 Treasury currency outstanding 4,960 + 99 " ' Money in circulation 29,866 - 45 - 279 Treasury cash holdings 812 + 13 - 468 Treasury deposits with F. R. Banks 646 + 53 - 92 Foreign deposits with F. R. Banks 548 - 11 - 62 Other deposits with F. R. Banks 427 + 4o + 37 Other F. R. accounts (net) 928 + 23 + 66 Member bank reserves 18,776 Required reserves (estimated) Excess reserves (estimated) Daily averages for period— Estimated excess reserves of member to Member bank borrowings at F. R. Banks + -d- tr\ - 865 17,583 - 19 -1,282 1,193 + 64 + 417 942 - 17 + 295 139 - 43 - 6o4 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,036 million, a decrease of $20 million for the week and an increase of $572 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 18, August 11, August 19, 1954 1954 1953 A S S E TS Gold certificates 20,327,102 + 80.998 Redemption fund for F. R. notes 844,476 2,535 45.999 Total gold certificate reserves 21,171,578 2,535 + 126,997 F. R. notes of other Banks 132,276 10,864 44,152 Other cash 367,413 6,632 32,002 Discounts and advances 459,987 27,499 355,002 Industrial loans 806 378 2,015 U. S. Government securities: Bought outright— Bills 1,155,250 - 146,500 - 542,054 Certificates 6,599,791 +1,604,075 Notes 13,029,021 - 744,650 Bonds 3,092,$?0 -1.429,42! Total bought outright 23,876,612 - 146,500 -1,112,05 Held under repurchase agreement 80,000 + 80,000 + 61,000 Total U. S. Government securities Total loans and securities 24,417,405 - 94,377 -1,408,071 Due from foreign banks ~~ 22 — •» — — Uncollected cash items 4,085,677 + 528,032 + 86,076 Bank premises 53,820 + 115 + 3,749 Other assets 125,184 - 15,730 - 37,203 TOTAL ASSETS 50,353,375 L I A B I L I T I ES Federal Reserve notes 25,529,792 30,962 - 362,613 Deposits: Member bank—reserve accounts 18,775,890 + 44,576 - 865,008 U, S. Treasurer—general account 646,473 + 53,461 - 91,613 Foreign 547,534 - 11,652 - 62,351 Other 427,021 + 40.514 + 36,825 Total deposits 20,396,918 + 126,899 - 982,147 Deferred availability cash items 3,320,006 + 316,483 + 71,501 Other liabilities and accrued dividends 14,161 + 465 4,387 TOTAL LIABILITIES 49,260,877 + 412,885 -1,277,646 C A P I T AL A C C O U N TS Capital paid in 274,747 + 147 + 13,660 Surplus (Section 7) 625,013 + 40,337 Surplus (Section 13b) 27,543 Other capital accounts 165,195 + 6,70? - 16,953 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,353,375 + 419,737 -1,240,602 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.1$ 1,6# Contingent liability on acceptances purchased for foreign correspondents 6,562 227 18,772 Industrial loan commitments 2,617 376 1,036 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST 18, 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 368,684 5 592,100 o? T + r 91,076 532 643,150 91 days to 1 year 227 231 13,972,141 Over 1 year to 5 years 38 6,299(060 Over 5 years to 10 years __ __ i oc o h O 0 Over 10 years _ -- ll4l4j857 Digitized for FTRoAStaElR 4 59,987 806 " 23,956,612 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OP THE FEDERAL, RESERVE BANKS ON AUGUST 18, 1954 E.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 20,327,102 1025,971 5,543,064 1193,384 1727,926 1030,472 929,543 3704,494 808,491 470,314 860,167 775,295 2257,981 Redemption fund for F. R. notes 844,476 51,081 169,578 55,746 77,322 65,235 55,332 146,223 47,870 24,892 4400,,226699 29,305 8811,,662233 Total gold certificate reserves 21,171,578 1077,052 5,712,642 1249,130 1805,248 1095,707 984,875 3850,717 856,361 495,206 990000,,443366 880044,,660000 22333399,,660044 F.R. notes of other Banks 132,276 11,103 22,909 6,595 4,288 10,969 20,119 13,508 5,392 11,959 8,766 6,329 10,339 Other cash 367,413 27,791 71,572 24,043 40,066 16,597 33,339 60,910 22,821 7,655 11,703 11,719 39,197 Discounts and advances 459,987 13,215 166,950 22,780 37,280 27,587 12,170 106,490 4,520 21,150 17,306 4,559 25,980 Industrial loans 806 -- — 709 -- -- -- 97 -- -- U. S. Govt, securities: Bought outright— Bills 1,155,250 63,745 295,088 7700,,330066 9999,,001133 6688,,004422 5588,,883388 220011,,995588 4488,,334422 2288,,337700 4499,,884411 4455,,339944 112266,,331133 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 Held under repurchase agreement 80,000 80,000 ffiotal U. S. Government -securities 23,936,612 1317,464 6.178,851 1453,083 2046,393 1W6.285 1216,060 4174,06l 999,117 586,338 1030,132 938,207 2610,621 Total loans and securities 24,417,405 1330,679 6,345,801 1476,572 2083,673 1433,872 1228,230 4280,551 1003,637 607,585 1047,438 942,766 2636,601 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 1 2 Uncollected cash items 4,085,677 319,169 773/003 253,506 378,015 335,165 287,407 630,098 171,205 119,494 206,668 210,033 401,914 Bank premises 53,820 5,997 7,584 5,147 5,087 4,585 3,946 6,347 2,859 1,007 2,463 565 8,233 Other assets 125,184 6,889 30,228 7,455 10,575 7,370 7,060 21,602 5,497 3,111 5,727 6,108 13,562 TOTAL ASSETS 50,353,375 2778,681 12,963,745 3022,450 4326,954 2904,266 2564,977 8863,736 2067,773 1246,018 2183,202 1982,121 5449,452 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 18, 1954 3.4.1(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. Federal Reserve notes 25,529,792 1570,205 5,719,134 179^,241 2377,399 1731,632 1355,639 4953,134 1131,954 604,426 997,786 Deposits: Member bank-reserve accts. 18,775,890 772,856 5,684,738 845,513 1419,514 780,641 855,038 3067,593 685,078 453,571 903,385 973,030 2334,933 U.S.Treasurer-general acct . 646,473 48,673 164,452 37,616 52,057 34,796 33,627 93,832 46,771 37,309 42,167 Foreign 547,534 32,464 1/169,653 39,383 48,962 27,142 22,885 73,976 20,224 13,305 20,224 25,013 54,303 Other 427,021 3,935 354,221 9,915 8,994 2,136 720 2,609 7.179 1,047 6,098 747 29,420 Total deposits 20,396,918 857,928 6,373,064 932,427 1529,527 844,715 912,270 3238,010 759,252 505,232 971,874 1027,226 2445,393 Deferred avail, cash items 3,320,006 282,759 560,975 214,603 318,748 269,277 246,725 516,991 132,402 106,873 169,869 174,145 326,639 Other liabilities and accrued dividends 14,161 599 4,974 608 1,311 607 649 2,112 443 570 484 645 1,159 TOTAL LIABILITIES 49,260,877 2711,491 12,658,147 2941,879 4226,985 2846,231 2515,283 8710,247 2024,051 1217,101 2140,013 1931,221 5338,228 Capital paid in 274,747 14,784 53,434 18,707 26,720 12,240 11,881 36,291 9,509 6,108 10,573 13,951 30,549 62,182 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 Surplus (Section ljb) 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 165,195 10,616 38,212 11,466 14,595 10.696 9,017 24,977 8,227 5,517 8,023 7,496 16,353 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,353,375 2778,681 12,963,745 3022,450 4326,954 2904,266 2564,977 8863,736 2067,773 1246,018 2183,202 1982,121 5449,452 Contingent liability on acceptances purchased for foreign correspondents 6,562 403 2/1,876 488 607 337 284 917 251 165 251 310 673 Industrial loan commitments 2,617 648 867 45 115 19 723 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,524,550 1635,918 5,913,048 1888,674 2478,118 1827,120 1421,884 5038,669 1178,144 633,335 1028,636 764,560 2716,444 Collateral for F.R. notes: Gold certificates 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 16,120 1,100 18,900 13,886 3,800 Eligible paper 84,528 7,725 22,997 U. S. Govt, securities 16,880,000 1200,000 3,600,000 1200,000 1500,000 1300.000 1000,000 2700,000 935,000 500,000 800,000 525,000 1620,000 Total collateral 28,057,528 1847,725 6,270,000 2016,120 2500,000 1947,997 1485,000 5100,000 1291,100 693,900 1093,886808,000 3003,800 1/ After deducting $377,862,000 participations of other Federal Reserve Banks. 2/ After deducting $4,686,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis