H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) October 21, 1954 CONDITION OF THE FEDERA LRESERVE BAMS Member Bank Reserves and Related Items During the week ended October 20, Member bank reserves increased $417 million. The principal changes supplying reserves were an increase of $2^4 million in Reserve Bank credit and decreases of $104 million in Money in circulation, $44 million in Other deposit swith Federal Reserve Banks, $42 million in Treasury deposits with Federal Reserve Banks, and $34 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $51 million in Gold stoc kand an increase of $11 millio nin Treasury cash holdings. The increase of $254 million in Reserve Bank credit resulted from increases of $387 millio nin Float and $19 million in Loans, discounts and advances and decreases of $124 million in U. S. Government securities bought outright and $29 million in U. S. Government securities held under repurchase agreement. Holdings of U. S. Government securities bought outright reflected a decrease of $124 million in bills. Change since Member Bank Reserves October 20, October 13, October 21, and Related Items 1954 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright 24,456 -124 -892 Held under repurchase agreement - 29 -- - - Loans, discounts and advances 331 + 19 + 68 Float 733 +387 - 93 Total 25,521 +254 -916 Gold stock 21,759 - 51 -318 Treasury currency outstanding 4,973 + 99 - - Money in circulation 30,055 -104 -250 Treasury cash holdings 803 + 11 -467 Treasury deposits with F. R. Banks 601 - 42 + 71 Foreign deposits with F. R. Banks 434 - 34 - 27 Other deposits with F. R. Banks 374 - 44 + 16 Other F. R. account s(net) 949 - 2 + 52 Member bank reserves 19,037 +417 -530 Required reserves (estimated) 18,134 +104 -683 Excess reserves (estimated) 903 +313 +153 Daily averages for period— Estimated excess reserves of member banks 1,023 +219 +102 Member bank borrowings at F. R. Banks 99 + 25 -144 U. S. Government securities held in custody b ythe Federal Reserve Banks for foreign account were $3,063 million, an increase- of $18 millio nfor the week and an increase of $396 millio nfrom 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 FEDERA LRESERVE BANKS COMBINED (in thousands of dollars) Change since October 20, October 13, October 21, 1954 1954 1953 A S S E TS Gold certificates 20,227,101 - 60,000 + 183,999 Redemption fund for F. R. notes 844,083 + 7,609 - 1122,,553388 Total gold certificate reserves 21,071,184 - 52,391 + 117711,,446611 F. R. notes of other Banks 142,628 + 20,603 - 35,908 Other cash 327,294 + 11,592 - 7,429 Discounts and advances 330,495 + 18,922 + 70,415 Industrial loans 742 133 1,836 - - U. S. Government securities: Bought outright— Bills 1,735,000 124,250 - 321,312 Certificates 6,599,791 + 748,250 Notes 13,029,021 - 744,650 Bonds Total bought outright 24,456,362 - 124,250 - 891,312 Held under repurchase agreement - 28,600 Total U. S. Government securities 24,456,362 - 152,850 - 891,312 Total loans and securities 24,787,599 - 134,061 - 822,733 Due from foreign banks 22 . Uncollected cash items 4,239,279*3 + 236,563 42,466 Bank premises 54,308 + 232 + 4,166 Other assets 159,041 + 6,535 - 42,079 TOTAL ASSETS 50,791,346 + 09,073 - 774,908 SI L I A B I L I T I ES Federal Reserve notes 25,666,505 • 62,761 - 370,667 Deposits: Member bank--reserve accounts 19,037,397 • 417,586 - 529,884 U. S. Treasurer--general account 601,354 • 41,745 + 71,045 Foreign 433,827 • 34,222 - 26,761 Other 374,274 43,489 + 16,618 Total deposits 20,446,852 • 298,130 T-E87952 Deferred availability cash items 151,226 + 50,304 Other liabilities and accrued dividends . 1,170 3431 TOTAL LIABILITIES 49,637,6s°^[ - 82,973 - 792,682 C A P I T AL A C C O U N TS Capital paid in 276,679 • 489 + 14,656 Surplus (Section 7) 625,013 + 40,337 Surplus (Section 13b) 27,543 Other capital accounts 214,465 + ^,611 - 37,299 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,781,346- ~89,073 - 774,900 5°1 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 45.7# 1.2 % Contingent liability on acceptances purchased for foreign correspondents 11,384 + 2,914 13,259 Industrial loan commitments 2,163 + 131 1,315 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 20, 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 326,126 426 333,500 16 to 90 days 4,369 234 8,684,050 91 days to 1 year 50 6,689,591 Over 1 year to 5 years 32 6,320,750 Over 5 years to 10 years 1,013,614 Over 10 years 1,414,857 Digitized for FR T A o S t E a R l 330,495 742 24,456,362 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 20, 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 20,227,101 1016,072 5,389,798 1197,628 1698,864 1133,494 962,477 3620,570 795,570 440,445 858,876 787,539 2325,768 Redemption fund for F. R. notes 844,083 50,124 175,782 53,806 75,765 67,514 54,395 144,764 47,412 24,731 39,951 28,967 80,872 Total gold certificate reserves 21,071,184 1066,196 5,565,580 1251,434 1774,629 1201,008 1016,872 3765,334 842,982 465,176 898,827 816,506 2406,640 F.R. notes of other Banks 142,628 9,030 39,443 5,742 5,879 9,297 16,811 16,488 6,950 3,237 7,287 7,751 14,713 Other cash 327,294 21,883 66,069 17,822 35,368 16,099 29,122 56,761 18,055 7,670 11,107 12,245 35,093 Discounts and advances 330,495 12,509 55,195 38,390 30,110 12,215 13,455 77,740 8,340 22,620 30,542 9,013 20,366 Industrial loans 742 80 U. S. Govt, securities: Bought outright-- Bills 1,735,000 95,734 443,175 105,588 148,701 102,188 88,365 303,309 72,602 ^4,2,,—6 07 74,854 68,175 189,702 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 J} vyc. j J f w, kjti. lU7j7JU Z-VU J y \J J J J_y I > y w 1 X.C,y y '-t-VV(J V y y"e -^*-33 j X^rdCjL^Ty)jA .y JJUj ijj Total 24,456,362 1349,453 6,246,938 1488,365 2096,081 1440,431 1245,587 4275,412 1023,377 600,575 1055,145 960,980 2674,010 Held under repurchase agreement Total U. S. Government securities 24,456,362 1349,453 6,246,938 1488,365 2096,081 1440,431 1245,587 4275,412 1023,377 600,575 1055,145 960,988 2674,010 Total loans and securities 24,787,599 1361,962 6,302,133 1527,417 2126,191 1452,646 1259,042 4353,152 1031,717 623,275 1085,687 970,001 2694,376 5\ Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 l (2 Uncollected cash items 4,239,27633373,334 787,048 256,248 382,386 343,258 297,711 676,775 185,758 125,022 217,075 179,417 415,2^ Bank premises 54,308 5,929 7,260 5,168 5,083 4,552 3,920 6,341 2,849 1,022 2,458 1,088 8,638 Other assets 159,041 8,611 40,087 9,346 13,641 9,180 8,679 27,428 6,829 3,902 7,182 7,042 17,114 TOTAL ASSETS 50,781,3^ 2846,946 12,807,626 3073,179 4343,179 3036,041 2632,158 8902,282 2095,14l 1229,305 2229,624 1994,051 5591,814 l/ After deducting $L6,000 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 OCTOBER 20, H.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. Dallas SanFran. Federal Reserve notes 25,666,505 1574,096 5,732,663 1785,512 2374,346 1822,032 1363,689 4971,718 1149,145 585,880 1004,285 733,156 2569,983 Deposits: Member bank-reserve accts .19,037,397 840,986 5,595,756 900,712 1437,101 803,642 896,526 3068,697 685,132 456,550 948,079 976,591 2427,625 U.S.Treasurer-general acct. 601,354 30,626 112,164 49,657 52,229 39,848 45,733 82,733 38,334 32,413 39,657 32,067 45,893 Foreign 433,827 26,047 1/130,638 31,598 39,284 21,777 18,361 59,353 16,226 10,675 16,226 20,069 43,573 Other 374,274 3,880 301,984 9,858 8,697 2,642 988 3,861 7,112 1,774 1,878 575 31,025 Total deposits 20,446,852 901,539 6,140,542 991,825 1537,311 867,909 961,608 3214,644 746,804 501,412 1005,840 1029,302 2548,116 Deferred avail, cash items 3,505,825 300,881 609,030 211,371 325,579 284,233 253,871 550,172 152,943 111,423 173,579 177,897 354,846 Other liabilities and accrued dividends 18,43* 8 5,817 975 1,863 84o 876 2,814 623 568 662 852 1,7 £ S 6 •XW TOTAL LIABILITIES 49,637,6*6 2777,3741 2,488,052 2989,683 4239,099 2975,014 2580,044 8739,348 2049,515 1199,283 2184,366 1941,207 5474,661 Capital paid in 276,679 14,789 83,948 18,716 26,769 12,523 12,032 36,523 9,590 6,148 10,613 14,122 30,906 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 214,465 12,993 51,674 14,382 18,657 13,405 11,286 34,190 10,050 6,582 10,052 9,269 21,925 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,781,3%#" 2846,946 12,807,626 3073,179 4343,179 3036,041 2632,158 8902,282 2095,141 1239,305 2229,624 1994,051 5591,81! Contingent liability on acceptances purchased for foreign correspondents 11,384 695 2/3,290 844 1,049 581 490 1,585 433 285 433 536 1,163 Industrial loan commitments 2,163 711 598 39 110 18 687 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,592,363:1621,250 5,938,990 1859,794 2479,765 1867,897 1428,066 5068,137 1207,044 622,037 1032,798 773,429 2693,15^ Collateral for F.R. notes: Gold certificates 11,093,000 640,000 2,670,000 800,000 1000,000 625,000 485,000 24oo,ooo 355,000 175,000 280,000 283,000 1380,000 Eligible paper 73,017 1,224 24,700 —- 2,780 — — 1,310 17,995 23,512 1,496 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 28,031,017 1841,224 6,270,000 2024,700 2500,000 1927,78 01485,000 5100,00 01276,310 692,995 1103,512 808,000 3001,496 l/ After deducting $303,170,000 participation sof other Federa lReserve Banks. 2/ After deducting $8,094,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis