H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) October 7, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items , During the week ended October 6, Member bank reserves increased $5 million. The principal changes supplying reserves were an increase of % million in Reserve Bank credit and a decrease of $144 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes vere increases ol $129 million in Money in circulation, $67 million in Foreign deposits with Federal Reserve Banks, $29 million in Other deposits with Federal Reserve Backs, and $19 million in Other F. R. accounts (net). The increase of $644 million in Reserve Bank credit resulted from increases of $535 million in U. S. Government securities bought outright and $53 million in Float, and a decrease of $44 million in Loans, discounts and advances. Holdings of U. S. Government securities bought outright reflected an increase of $535 million in bills. Change since Member Bank Reserves October 6, Sept. 29, October 7, and Related Items 1954 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities — Bought outright 24,580 +535 -768 Held under repurchase agreement Loans, discounts and advances 256 - 44 - 28 Float 664 +153 + 58 Total Gold stock 25,501 +644 -737 21,810 -318 Treasury currency outstanding — — 4,971 - - + 99 Money in circulation 30,051 +129 -323 Treasury cash holdings 799 + 3 -485 Treasury deposits with F. R. Banks 625 -144 +101 Foreign deposits with F. R. Banks 556 + 67 + 72 Other deposits with F. R. Banks 427 + 29 + 57 Other F. R. accounts (net) 951 + 19 + 52 Member bank reserves 18,875 +544 -428 Required reserves (estimated) 18,101 +46l -656 Excess reserves (estimated) 774 + 83 +228 Daily averages for period-- Estimated excess reserves of member banks 950 +318 +275 Member bank borrowings at F. R. Banks 62 - 16 -350 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,029 million, an increase of $34 million for the week and an increase of $383 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 October 6, Sept. 29, October 7, 1954 1954 1953 A S S E TS Gold certificates 20,287,103 t 2 + 206,001 Redemption fund for F. R. notes 839,129 3,133 - 20,276 Total gold certificate reserves 21,126,232 3,131 + 185,725 F. R. notes of other Banks 122,704 - 14,278 - 48,500 Other cash 330,305 - 19,432 + 938 Discounts and advances 255,250 - 43,649 - 26,105 Industrial loans 111 2,050 759 U. S. Government securities: • Bought outright— Bills 1,859,250 + 535,000 - 197,062 Certificates 6,599,791 + 748,250 Notes 13,029,021 744,650 - Bonds 3,092,550 m,pm - 573,600 Total bought outright 24,580,612 + 535,000 — 767,062 Held under repurchase agreement Total U. S. Government securities 24,580,612 + 535,000 767,062 - Total loans and securities 24,836,621 4 491,240 • 795,217 Due from foreign "banks 22 Uncollected cash items 3,627,086 + 2,191 217,565 Bank premises 53,504 - 41 + 3,475 Other assets 145,467 - 13,152 - 36,125 TOTAL ASSETS 50,241,941 + 443,397 - 472,139 L I A B I L I T I ES Federal Reserve notes 25,646,743 + 93,171 - 452,010 Deposits: Member bank--reserve accounts 18,874,552 + 543,675 - 428,689 U. S. Treasurer—general account 625.164 m l44,028 + 100,897 Foreign 556.165 + 66,967 + 72,509 Other 426,753 + 28,409 ^ • 549W Total deposits 20,482,634 +495,023 - 198,343 Deferred availability cash items 2,962,905 - 150,653 + 159,565 Other liabilities and accrued dividends + 142 - TOTAL LIABILITIES 49,110,143 + 437,683 - 493,912 C A P I T AL A C C O U N TS Capital paid in 276,013 + 171 + 14,273 Surplus (Section 7) 625,013 + 40,337 Surplus (Section 13b) 27,543 Other capital accounts 203,229 + 5,543 - 32,837 TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.8# ,6# 1,0# Contingent liability on acceptances purchased for foreign correspondents 7,849 1,571 18,201 Industrial loan commitments 2,150 90 1,168 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 6, 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 67,367 2 522,000 l6 to 90 days 187,883 672 8,619,800 91 days to 1 year 49 6,689,591 Over 1 year to 5 years 36 6,320,750 Over 5 years to 10 years 1,013,614 Over 10 years Total Digitized for FRASER 255,250 759 24,560,612 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 6, 195* 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 20,287,103 1070,836 5,501,579 1205,610 1702,593 1152,626 977,818 3534,656 790,006 440,367 870,862 765,578 2274,572 Redemption fund for F. R. notes Total gold certificate reserves 21,126,232 1121,217 5,668,318 1259,914 1778,754 1221,982 1032,445 3679,777 837,534 465,145 910,893 794,620 2355,633 F.R, notes of other Banks 122,704 7,622 30,534 4,772 5,188 7,449 16,049 15,444 6,328 3,461 6,249 6,828 12,780 Other cash 330,305 22,858 64,000 19,450 37,127 15,126 30,353 57,872 16,979 7,585 10,159 12,122 36,674 Discounts and advances 255,250 8,114 114,135 15,230 13,600 7,194 7,215 54,195 4,490 2,825 9,292 5,174 13,786 Industrial loans 759 676 83 U. S. Govt, securities: Bought outright— Bills 1,859,250 102,590 474,912 113,150 159,350 109,506 94,693 325,030 77,801 45,658 80,215 73,058 203,287 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 Total U. S. Government 603,626 965,871 securities 24.580,612 1356,309 6,278,675 1495.927 2106,730 1447,749 1251.915 4297.133 1028,576 I06Q,506 2687,595 Total loans and ~ securities 24,836,621 1364,423 6,392,810 1511,833 2120,330 1454,943 1259,130 4351,328 1033,066 606,534 1069,798 971,045 2701,381 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 12 Uncollected cash items 3,627,086 270,763 6907120 221,196 313,597 292,372 246,706 564,103 171,058 113,713 224,235 182,547 336,676 Bank premises 53,504 5,929 7,255 5,168 5,037 4,549 3,920 6,334 2,849 1,019 2,451 559 8,434 Other assets 145,467 7,713 36,185 8.420 12,884 8,516 7,888 25,300 6,203 3,490 6,541 6,717 15,610 2800,526 12,889,228 8700,161 TOTAL ASSETS 50,241,941 3030,755 4272,919 3004,938 2596,492 2074,018 1260,948 2230,327 1974,439 5467,190 1/ After deducting $16,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ft

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 6, 1954 a.4.i(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 25,646,743 1567,987 5,738,878 1779,149 2371,139 1814,657 1369,840 4953,617 1145,328 588,243 1007,496 733,192 2577,217 Deposits: Member bank-reserve accts. 18,874,552 845,003 5,640,829 906,790 1433,800 806,854 899,952 2963,122 697,359 442,665 925,420 965,019 2347,739 U.S.Treasurer-general acct. 625,164 35,599 176,819 38,933 42,355 39,301 37,906 82,247 20,236 29,405 39,746 37,448 45,169 Foreign 556,165 33,550 1/165,646 40,700 50,600 28,050 23,650 76,450 20,900 13,750 20,900 25,850 56,119 Other 426,753 4.123 340,000 10,357 13.099 3.319 3.765 5,089 7,976 1,049 4,165 699 33,112 Total deposits 20,482,634 918,275 6,323,294 996,780 1539,854 877,524 965,273 3126,908 746,471 486,869 990,231 1029,016 2482,139 187,186 Deferred avail, cash items 2,962,905 244,512 505,224 171,100 256,746 251,533 208,9f? 456,040 136,387 95,574 159,283 290,345 Other liabilities and accrued dividends 17,861 793 5Y&29 915 2,071 848 814 2,790 636 496 664 629 1.576 TOTAL LIABILITIES 49,110,143 2731,567 12,573,025 2947,944 4169,810 2944,562 2544,902 8539,355 2028,822 1171,182 2185,577 1922,120 5351,277 Capital paid in 276,013 14,788 83,601 18,715 26,724 12,477 12,011 36,508 9,570 6,146 10,596 14,002 30,875 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 1,307 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 2,140 Other capital accounts 203,229 12,381 48,650 13.698 17.731 12,800 10,783 32,077 9,640 6,328 9,561 8,864 20,716 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,241,941 2800,526 12,889,228 3030,755 4272,919 3004,938 2596,492 8700,161 2074,018 1200,948 2230,327 1974,439 5467,190 Contingent liability on acceptances purchased for foreign correspondents 7,849 476 2/2,311 577 718 398 335 1,084 296 195 296 367 796 Industrial loan commitments 2,150 698 598 39 110 18 687 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,555,284 1621,301 5,937,726 1861,793 2475,696 1859,267 1419,249 5052,391 1195,736 623,927 1033,384 771,856 2702,958 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 Eligible paper 20,086 1,709 7,460 1,839 500 200 5,302 3,076 U. S. Govt, securities 16,865,000 1200,000 3,600,000 1200,000 1500.000 1300.000 1000,000 2700,000 920,000 500.000 800,000 525,000 1620,000 Total collateral 27,978,086 1841,709 6,270,000 2007,460 2500,000 1926,839 1485,000 5100,000 1275,500 675,200 1085,302 808,000 3003,076 1/ After deducting $390,500,000 participations of other Federal Reserve Banks. 2J After deducting $5,538,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis