H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM B.4.1 (For Immediate Release) October 14, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended October 13, Member bank reserves decreased $255 million. The principal changes reducing reserves were a decrease of $234 million in Reserve Bank credit and increases of $108 million in Money in circulation and $18 million in Treasury deposits with Federal Reserve Banks. The principal offsetting change was a decrease of $88 million in Foreign deposits with Federal Reserve Banks. The decrease of $234 million in Reserve Bank credit resulted from a decrease of $318 million in Float, and increases of $56 million in Loans, discounts and advances and $29 million in U. S. Government securities held under repurchase agreement. Change since Member Bank Reserves October 13, October 6, October 14, and Related Items 1954 1954.... 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 24,580 - 768 Held under repurchase agreement 29 + 29 + 14 Loans, discounts and advances 312 + 56 + 38 Float 346 -318 - 339 Total 25,267 -234 -1,055 Gold stock 21,810 — - 318 Treasury currency outstanding 4,973 + 2 + 100 Money in circulation 30,159 +108 - 253 Treasury cash holdings 792 - 7 - 479 Treasury deposits with F. R. Banks 643 + 18 + 295 Foreign deposits with F. R. Banks 468 - 88 + 7 Other deposits with F. R. Banks 418 - 9 + 43 Other F. R. accounts (net) 951 + 52 - - Member bank reserves 18,620 -255 - 937 Required reserves (estimated) 18,030 - 71 - 698 Excess reserves (estimated) 590 -184 - 239 Daily averages for period-- Estimated excess reserves of member banks 804 -146 + 47 Member bank borrowings at F. R. Banks 74 + 12 - 421 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,045 million, an increase of $16 million for the week and an increase of $388 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 13, October 6, October 14, 1954 1954 1953 A S S E TS Gold certificates .20,287,101 2 + 193,999 Redemption fund for F. R, notes 836,474 2,655 22,793 - - Total gold certificate reserves 21,123,575 - 2,657 + 171,206 F. R. notes of other Banks 122,025 - 679 - 43,421 Other cash 315,702 14,603 23,165 - ~ Discounts and advances 311,573 + 56,323 + 40,098 Industrial loans 875 + 116 1,797 - U. S. Government securities: Bought outright-- . Bills 1,859,250 __ 197,062 Certificates 6,599,791 + 748,250 — — Notes 13,029,021 744,650 - - - Bonds 3,092,550 573,600 - Total bought outright 24,500,612 767,062 — — - Held under repurchase agreement 28,600 + 28,600 + 13,600 Total U. S. Government securities 24,609,212 + 28,600 753,462 - Total loans and securities 24,921,660 + 85,039 - 715,161 Due from foreign banks 22 •» *» Uncollected cash items 4,002,707 + 375,621 514,562 Bank premises 54,076 + 572 + 3,995 Other assets 152,506 + 7,039 39,147 - TOTAL ASSETS 50,692,273 + 450,332 -1,160,255 L I A B I L I T I E S Federal Reserve notes 25,729,266 + 82,523 409,190 - Deposits; Member bank--reserve accounts 18,619,811 - 254,741 - 937,461 U. S. Treasurer—general account 643,099 + 17,935 + 294,676 Foreign 468,049 - 88,116 + 6,949 Other 417,763 8,990 + 42,783 - Total deposits 20,148,722 333,912 593,053 • • Deferred availability cash items 3,657,051 + 694,146 174,870 Other liabilities and accrued dividends 19,634 + 1,773 - 2,729 TOTAL LIABILITIES 49,554,673 + 444,530 -1,179,842 C A P I T AL A C C O U N TS Capital paid in 276,190 + 177 + 14,352 Surplus (Section 7) 625,013 —- + 40,337 Surplus (Section 13b) 27,543 Other capital accounts 206,854 + 5,625 - 35,102 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,692,273 + 450,332 -1,160,255 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.056 + .2$ + 1.3# Contingent liability on acceptances purchased for foreign correspondents 8,470 + 621 17,142 Industrial loan commitments 2,032 118 1,366 - - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 13, 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 283,018 2 414,350 16 to 90 days 28,555 790 8,756,050 91 days to 1 year 50 6,689,591 Over 1 year to 5 years 33 6,320,750 Over 5 years to 10 years 1,013,614 Over 10 years 1,414,857 Total 311,573 24,609,212 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 13, 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 20,287,101 1019,668 5,449,930 1211,492 1732,506 1175,369 936,384 3692,161 803,6o4 413,135 815,316 769,697 2267,839 Redemption fund for F. R. notes 836,474 50,231 166,279 54,016 75,933 68,419 54,499 144,920 47,467 24,756 39,986 29,002 80,966 Total gold certificate reserves 21,123,575 1069,899 5,616,209 1265,508 1808,439 1243,788 990,883 3837,081 851,071 437,891 855,302 798,699 2348,805 F.R. notes of other Banks 122,025 6,036 31,335 3,966 4,963 8,052 12,734 13,045 5,906 4,831 7,154 6,653 17,350 Other cash 315,702 20,603 58,492 18,340 31,896 14,871 29,895 60,345 16,814 7,8l8 10,525 11,620 34,483 Discounts and advances 311,573 18,466 82,580 22,015 29,060 10,185 12,355 69,640 9,530 6,375 17,467 9,934 23,966 Industrial loans 875 — — "J — — — — 81 U. S. Govt, securities: Bought outright-- Bills 1,859,250 102,590 474,912 113,150 159,350 109,506 94,693 325,030 , , ,7—7 ,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 3,092,55~0 7 18790,9,63461 188,206 265,053 182,145 157,507 540,633 129,408 " -7-5-,-9-4- 4— 1«3 3,425 121,519 338,133 Total 24,580,612 1356,309 6,278,675 1495,927 2106,730 1447,749 1251,915 4297,'133 1028^576 603^626-1060)506 965^71 2687^595 Held under repurchase agreement 28 600 • — 23 600 — — — — — — — — — — — — «* — •«. y f Total U. S. Government securities 24,609,212 1356,309 6,307,275 1495,927 2106,730 1447,749 1251,915 4297,133 1028,576 603,626 1060,506 965,871 2687,595 Total loans and securities 24,921,660 1374,775 6,389,855 1518,736 2135,790 1457,934 1264,270 4366,773 1038,106 610,082 1077,973 975,805 2711,561 Due from foreign banks 22 1 1 /6 2 2 1 1 3 1 1 1 l 2 Uncollected cash items 4,002,707 313,834 760,280 232,564 394,527 334,426 280,783 638,897 193,608 128,957 218,469 160,506 345,856 Bank premises 54,076 5,929 7,256 5,168 5,027 4,549 3,920 6,334 2,849 1,019 2,452 1,088 8,485 Other assets 152,506 8,207 38,332 8,883 13,479 8,797 8,309 26,525 6,509 3,674 6,912 6,600 16,279 TOTAL ASSETS 50,692,273 2799,284 12,901,765 3053,167 4394,123 3072,418 2590,795 8949,003 2114,864 1194,273 2178,788 1960,972 5482,821 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 OCTOBER 13, 1954 (in thousands of dollars) H.4.1(c) 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 25,729,266 1580,693 5,754,714 1789,821 2379,063 1820,897 1369,116 4975,328 1148,795 588,357 1006,308 733,554 2582,620 Deposits: Member bank-reserve accts. 18,619,811 774,976 5,571,191 838,861 1426,992 814,869 856,655 3014,451 694,210 436,283 908,310 944,285 2338,728 U.S.Treasurer-general acct 643,099 26,631 114,030 45,976 42,997 62,052 49,697 105,575 43,778 22,368 32,342 33,342 64,311 Foreign 468,049 27,877 1/143,560 33,818 42,044 23,307 19,651 63,523 17,366 11,425 17,366 21,479 46,633 Other 417.763 4.164 336,973 11,073 13,986 2,418 792 2,355 7,226 913 3,467 696 33,700 Total deposits 20,148,722 833,648 6,165,754 929,728 1526,019 902,646 926,795 3185,904 762,580 470,989 961,485 999,802 2483,372 Deferred avail, cash items 3,657,051 314,730 657,161 249,398 383,410 287,241 242,244 622,960 157,374 104,558 165,251 174,217 298,507 Other liabilities and accrued dividends 19,634 883 6,447 1,067 2,038 946 800 2,945 702 472 768 758 1,808 TOTAL LIABILITIES 49,554,673 2729,954 12,584,076 2970,014 4290,530 3011,730 2538,955 8787,137 2069,451 1164,376 2133,812 1908,331 5366,307 Capital paid in 276,190 14,789 83,575 18,715 26,742 12,496 12,019 36,509 9,579 6,146 10,596 14,121 30,903 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 208,854 12,751 50,162 14,040 18,197 13,093 11,025 33,136 9,848 6,459 9,787 9,067 21,289 TOTAL LIABILITIES AHD CAPITAL ACCOUNTS 50,692,273 2799,284 12,901,765 3053,167 4394,123 3072,418 2590,795 8949,003 2114,864 1194,273 2178,788 1960,972 5482,821 Contingent liability on acceptances purchased for foreign correspondents 8,470 519 2/2,435 629 782 434 365 1,181 323 212 323 400 867 Industrial loan commitments 2,032 580 598 39 110 18 687 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,586,932 1627,003 5,938,512 1863,339 2479,514 1872,070 1429,067 5056,661 1193,908 623,505 1033,623 767,677 2702,053 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 1380,00c Eligible paper 36,039 7,181 8,325 750 2,500 1,750 10,437 - 5,096 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 27,994,039 1847,181 6,270,000 2008,325 2500,000 1925,750 1485,000 5100,000 1277,500676,750 1090,437808,000 3005,096 l/ After deducting $324,470,000 participations of other Federal Reserve Banks. 2/ After deducting $6,035,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis