H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) August 26, 1954 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and. Related Items During the week ended August 25, Member ban kreserves decreased $197 million. The principal changes reducing reserves were a decrease of $324 million in Reserve Bank credit and an increase of $14 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $80 millio nin Money in circulation, $50 million in Treasury deposits with Federal Reserve Banks and $10 million in Other deposit swith Federal Reserve Banks. The decrease of $324 million in Reserve Bank credit resulted from decreases of $147 million in Loans, discounts and advances, $129 million in Float, and $52 million in U. S. Government securities bought outright and an increase of $4 million in U. S. Government securities held under repurchase agreement. Holdings of U .S. Government securities bought outright reflected a decrease of $52 million in bills. Change since Member Bank Reserves August 25, August 18, August 26, and Related Items 1954 1954 1953 (in millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 23,824 - 52 -1,165 Held under repurchase agreement 84 + 4 + 56 Loans, discounts and advances 314 -147 - 213 Float 637 -129 + 50 Total 24,859 -324 -1,272 Gold stock 21,858 - 370 - - Treasury currency outstanding 4,961 + l + 99 Money in circulation 29,786 - 80 - 319 Treasury cash holdings 812 - 46l - - Treasury deposits with F. R. Banks 596 - 50 - 73 Foreign deposits with F. R. Banks 562 + 14 + 44 Other deposits with F. R. Banks 417 - 10 + 63 Other F. R. account s(net) 927 - 1 + 65 Member bank reserves 18,579 -197 - 861 Required reserves (estimated) 17,574 - 9 -1,286 Excess reserves (estimated) 1,005 -188 + 425 Daily averages for period-- Estimated excess reserves of member b 771 -171 + 150 Member bank borrowings at F. R. Banks 88 - 51 - 401 U. S. Government securities held in custody "b ythe Federal Reserve Banks for foreign account were $3,012 million, a decrease of $24 million for the week and an increase of $432 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since August 25, August 18, August 26, 1954 1954 1953 A S S E TS Gold certificates 20,327,104 + 2 + 82,002 Redemption fund for F. R. notes 844,476 - ~ + 46,811 Total gold certificate reserves 21,171,580 + 2 + 128,813 F. R. notes of other Banks 142,038 + 9,762 42,663 Other cash 376,473 + 9,060 + 31,469 Discounts and advances 312,859 - 147,128 - 211,279 Industrial loans 642 l64 2,209 - U. S. Government securities: Bought outright-- Bills 1,103,150 52,100 - 594,154 Certificates 6,599,791 +1,604,075 -- Notes 13,029,021 - 744,650 - - Bonds 3,092,550 - - -1,429,425 Total bought outright 23,824,512 52,100 -1,164,154 - Held under repurchase agreement 83,800 + 3,800 + 55,400 Total U. S. Government securities 23,900,312 48,300 -1,108,754 - Total loans and securities 24,221,813 » 195,592 -1,322,242 Due from foreign banks 22 — — — — Uncollected cash items 3,410,753 - 674,924 - 21,613 Bank premises 53,698 122 + 3,674 - Other assets 132,924 + 7,740 - 37,674 TOTAL ASSETS 49,509,301 844,074 -1,260,236 - L I A B I L I T I ES Federal Reserve notes 25,467,827 61,965 - 392,137 - Deposits: Member bank--reserve accounts 18,579,307 - 196,583 - 86l,123 U. S. Treasurer--general account 595,947 - 50,526 - 73,295 Foreign 561,911 + 14,377 + 44,273 Other 417,132 9,889 + 63,427 - Total deposits 20,154,297 242,621 - 826,718 - Deferred availability cash items 2,773,910 546,096 - 71,787 - Other liabilities and accrued dividends 15,314 + 1,153 4,437 TOTAL LIABILITIES 48,411,348 849,529 -1,295,079 - C A P I T AL A C C O U N TS Capital paid in 274,899 + 152 + 13,707 Surplus (Section 7) 625,013 + 40,337 - - Surplus (Section 13b) 27,543 - - -- Other capital accounts 170,498 + 5,303 - 19,201 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,509,301 844,074 -1,260,236 - Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 46.4$ .3f» + 1.5$ Contingent liability on acceptances purchased for foreign correspondents 5,294 1,268 - 19,997 Industrial loan commitments 2,778 161 818 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 2$, 195 >+ (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 215,320 5 588,600 l6 to 90 days 97,314 384 598,350 91 days to 1 year 225 215 13,972,141 Over 1 year to 5 years 38 6,299,060 Over 5 years to 10 years 1,035,304 Over 10 years 1,414,857 Digitized for F T RA o S t E a R l 312,059 23,900,31% http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON AUGUS T2% 195k H.4.l(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 20,327,104 982,382 5,394,181 1241,134 1775,326 1040,897 917,221 3807,318 809,217 469,641 868,220 742,870 2278,697 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 40,269 29,305 81,623 Total gold certificate reserves 21,171,580 1033,463 5,563,759 1296,880 1852,648 1106,132 972,553 3953,541 857,087 494,533 908,489 772,175 2360,320 F.R. notes of other Banks 142,038 11,809 23,464 5,532 5,811 13,212 21,808 12,204 5,965 13,246 9,366 7,040 12,581 Other cash 376,473 27,270 73,605 24,799 43,127 17,471 32,379 61,944 23,565 7,535 12,095 12,420 40,263 Discounts and advances 312,859 7,640 146,720 17,855 17,380 16,487 9,270 36,490 6,880 7,150 23,498 6,059 17,430 Industrial loans 642 «- — — — — — 97 U. S. Govt, securities: Bought outright— Bills 1,103,150 60,870 281,780 67,135 94,547 64,973 56,184 192,851 46,162 27,091 47,594 43,347 120,616 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 23,824,512 1314,589 6,085,543 1449,912 2041,927 1403,216 1213,406 4164,954 996,937 585,059 1027,885' 936,160 2604,924 Held under repurchase agreement 83,800 83,800 Total U. S. Government securities 23,908,312 1314,589 6,169,343 1449,912 2041,927 l403,2l6 1213,4o6 4164,954 996,937 585,059 1027,885 936,160 2604,924 Total loans and securities 24,221,813 1322,229 6,316,063 1468,312 2059,307 1419,703 1222,676 4201,444 1003,817 592,306 1051,383 942,219 2622,354 Due from foreign banks 22 1 1 /6 2 2 l l 3 1 l 1 1 2 Uncollected cash items 3,410,753 253,615 6427728 197,975 311,076 277,895 244,706 550,115 144,272 103,338 183,550 178,227 323,256 Bank premises 53,698 5,963 7,584 5,144 5,069 4,563 3,933 6,347 2,859 1,007 2,463 565 8,201 Other assets 132,924 7,253 32,043 7,864 11,555 7,766 7,434 23,018 5,807 3,324 6,059 6,394 14,407 TOTAL ASSETS 49,509,301 2661,603 12,659,252 3006,508 4288,595 2846,743 2505,490 8808,616 2043,373 1215,290 2173,406 1919,041 5381,384 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 FEDERA LRESERVE BANKS ON AUGUST 25, 1954 H.4.1(c) (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. L I A B I L I T I ES Federal Reserve notes 25,467,827 1562,646 5,715,014 1789,771 2373,984 1729,929 1350,013 4946,289 1127,958 600,392 994,407 727,415 2550,009 Deposits: Member bank-reserve accts.1 8,579,307 728,288 5,529,138 887,994 1437,473 765,132 836,871 3095,201 686,077 448,529 929,177 921,596 2313,831 U.S.Treasurer-general acct 595,947 39,477 108,620 32,836 53,410 37,631 33,728 105,435 43,183 28,727 30,904 41,143 40,853 Foreign 561,911 33,757 1/168,978 40,952 50,913 28,223 23,796 76,923 21,029 13,835 21,029 26,010 56,466 Other 417,132 3,373 343,167 9,572 9,121 1,744 801 3,071 6,910 1,489 6,671 708 30,505 Total deposits 20,154,297 804,895 6,149,903 971,354 1550,917 832,730 895,196 3280,630 757,199 492,580 987,781 989,457 2441,655 Deferred avail. cash items 2,773,910 226,118 481,681 163,913 261,811 225,049 209,635 425,022 113,764 92,869 147,218 150,331 276,499 Other liabilities and accrued dividends 15,314 576 5,593 627 1,454 696 678 2,093 526 4o8 586 742 1,335 TOTAL LIABILITIES 48,411,348 2594,235 12,352,191 2925,665 4l88,i66 2788,404 2455,522 8654,034 1999,447 1186,249 2129,992 1867,945 5269,498 Capital paid in 274,899 14,784 83,448 18,708 26,727 12,242 11,900 36,376 9,509 6,113 10,576 13,951 30,565 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 170,498 10,794 39,661 11,737 15.048 10,998 9,272 25,985 8,431 5,636 8,245 7.692 16,999 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,509,301 2661,603 12,659,252 3006,508 4288,595 2846,743 2505,490 8808,616 2043,373 1215,290 2173,406 1919,041 5381,384 Contingent liability on acceptances purchased for foreign correspondents 5,294 323 2/1,531 392 488 270 228 737 201 133 201 249 541 Industrial loan commitments 2,778 1,011 867 45 113 19 723 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,500,8lf1641,536 5,916,147 1886,385 2484,462 1817,254 1413,534 5039A?/1174,531 632,143 1027,368 766,331 2701,651 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 Eligible paper 61,930 2,150 11,195 11,897 3,460 4,900 20,078 8,250 U. S. Govt, securities 16.865.000 1200,000 3,600,000 1200.000 1500.000 1300,000 1000,000 2700,00 9020,000 500.000 800,000 525,000 1620,000 Total collateral 28,019,930 1842,150 6,270,000 2011,195 2500,000 1936;897 1485,000 5100,0 010278,460 679,900 1100,07# 808,000 3008,250 1/ After deducting $392,914,000 participations of other Federa lReserve Banks. 2/ After deducting $3,763,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis