H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U.I (For Immediate Release) November 4, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended November 3* Member bank reserve sincreased $110 million. The principal changes supplying reserves were an increase of $198 million in Reserve Bank credit and decreases of $64 million in Other F. R. accounts (net), $21 million in Treasury deposits with Federal Reserve Banks, $18 million in Foreign deposits with Federal Reserve Banks, and $15 million in Treasury cash holdings. The principal offsetting changes were increases of $168 million in Money in circulation an d$43 million in Other deposits with Federal Reserve Banks. The increase of $198 million in Reserve Bank credit resulted from increases of $264 million in U. S. Government securitie sbought outright, $214 million in Loans, discounts and advances, and $25 million in U. S. Government securities held under repurchase agreement, and a decrease of $305 million in Float. Holdings of U. S. Government securities bought outright reflected an increase of $264 million in bills. Change since Member Bank Reserves Nov. 3, Oct. 27, Nov. 4, and Related Items 1954 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 24,645 +264 - 753 Held under repurchase agreement 25 + 25 - 24 Loans, discounts and advances 520 +214 - 305 Float 304 -305 - 255 Total 25,495 +198 -1,335 Gold stock 21,759 - 317 Treasury currency outstanding 4,977 + 100 Money in circulation 30,138 +168 290 Treasury cash holdings 801 - 15 482 Treasury deposits with F. R. Banks 567 - 21 97 Foreign deposits with F. R. Banks 425 - 18 28 Other deposits with F. R. Banks 4l6 + 43 + 40 Other F. R. accounts (net) 886 - 64 + 85 Member bank reserves 18,998 +110 - 781 Required reserves (estimated) 18,168 + 10 - 677 Excess reserves (estimated) 830 +100 - 104 Daily averages for period— Estimated excess reserves of member banks 652 -110 + 56 Member bank borrowings at F. R. Banks 170 + 98 - 290 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,044 million, an increase of $1 million for the week and an increase of $389 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 OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Nov. 3, Oct- 27, Nov. 4, 1954 1954 1953 A S S E TS Gold certificates 20,235,102 + 10,000 + 191,999 Redemption fund for F, R. notes 843,800 137 9,890 Total gold certificate reserves 21,078,902 + 9,863 + 182,109 F. R. notes of other Banks 130,253 - 30,195 34,822 Other cash 326,807 2,64l 3,687 Discounts and advances 519,324 + 214,111 - 302,655 Industrial loans 733 64 2,028 U. S. Government securities: Bought outright— Bills 1,924,000 + 264,000 - 182,312 Certificates 6,599,791 - - + 748,250 Notes 13,029,021 - » - 744,650 Bonds 3,092,550 — — - 573,600 Total bought outright 24,645,362 + 264,000 - 752,312 Held under repurchase agreement 25,000 + 25,000 - 24,000 Total U. S. Government securities 24,670,362 + 289,000 - 776,312 Total loans and securities 25,190,419 + 503,047 -1,080,995 Due from foreign banks 22 -- Uncollected cash items 3,558,418 - 217,835 - 22,205 Bank premises 54,163 - 52 + 4,124 Other assets 173,077 + 7,095 - 46,923 TOTAL ASSETS 50,512,061 + 269,282 -1,002,399 L I A B I L I T I ES Federal Reserve notes 2255,,773399,,116666 + 112255,,448888 -- 441100,,772288 Deposits: Member bank—reserve accounts 18,997,948 + 109,699 - 780,564 U. S. Treasurer—general account 567,483 20,714 - 96,586 Foreign 424,622 - 18,382 - 27,954 Other 415,806 "f 42,889 + 39,859 Total deposits 20,405,859 113,492 - 865,245 Deferred availability cash items 3,254,215 + 87,362 + 232,165 Other liabilities and accrued dividends 19,404 - 980 613 TOTAL LIABILITIES 49,418,644 + 325,362 -1,044,421 C A P I T AL A C C O U N TS Capital paid in 282,351 5,480 + 19,615 Surplus (Section 7) 625,013 •» — + 40,337 Surplus (Section 13b) 27,543 - - -- Other capital accounts 158,510 - 61,560 - 17,930 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,512,061 + 269,282 -1,002,399 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 4455**77## - ..22## + I.656 Contingent liability on acceptances purchased for foreign correspondents 14,212 + 1,302 77,,664466 Industrial loan commitments 1,8» 261 1,468 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 3, 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 327,482 2 276,700 16 to 90 days 71,809 161 8,954,850 91 days to 1 year 120,033 538 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 FTRoAtSEaRl 519,324 733 24,670,362 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 3, 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 20,235,102 1034,964 5,545,416 1179,622 1663,976 1171,039 909,009 3554,963 832,589 435,060 803,477 798,673 2306,314 Redemption fund for F. R. notes 843,800 50,009 175,332 55,587 75,588 66,748 54,281 144,597 47,342 24,709 39,925 28,921 80,761 Total gold certificate reserves 21,078,902 1084,973 5,720,748 1235,209 1739,564 1237,787 963,290 3699,560 879,931 459,769 843,402 827,594 2387,075 F.R. notes of other Banks 130,253 12,104 30,949 4,634 6,198 10,549 18,115 13,971 6,742 2,981 4,590 4,936 14,484 Other cash 326,807 22,327 64,731 18,114 36,106 16,439 27,980 56,682 18,538 8,436 10,912 13,523 33,019 Discounts and advances 519,324 20,745 124,765 25,900 25,425 21,815 29,955 127,421 22,680 9,025 58,042 8,981 44,570 Industrial loans 733 — — 654 •• 79 U. S. Govt, securities: Bought outright— Bills 1,924,000 106,163 491,451 117,090 164,900 113,320 97,991 336,350 80,510 47,248 83,008 75,602 210,367 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 25,645,362 1359,882 6,295,214 1499,867 2112,280 1451,563 1255,213 4308,453 1031,285 605,216 1063,299 968,415 2694,675 Held under repurchase agreement 25,000 25,000 Total U. S. Government securities 24,670,362 1359,882 6,320,214 1499,867 2112,280 1451,563 1255,213 4308,453 1031,285 605,216 1063,299 968,415 2694,675 Total loans and securities 25,190,419 1380,627 6,444,979 1526,421 2137,705 1473,378 1285,168 4435,874 1053,965 614,320 1121,341 977,396 2739,245 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 1 Uncollected cash items 3,558,418 284,377 644,842 238,993 320,960 302,621 243,489 588,922 150,262 116,206 195,245 135,037 337,464 Bank premises 54,163 5,896 7,263 5,162 5,070 4,530 3,906 6,318 2,843 1,015 2,451 1,085 8,624 Other assets 173,077 9,275 43,608 10,257 15,100 10,039 9,476 30,086 7,455 4,129 7,670 7,264 18,718 TOTAL ASSETS 50,512,061 2799,580 12,957,126 3038,792 4260,705 3055,344 2551,425 8831,416 2119,737 1206,857 2185,612 1966,836 5538,631 l/ After deducting $16,COC 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 NOVEMBER 3, 1954 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 25,739,166 1569,325 5,757,912 1791,317 2367,888 1839,768 1368,795 4975,643 1156,817 583,287 1011,694 738,508 2578,212 Deposits: Member bank-reserve accts. 18,997,948 872,016 5,713,129 850,876 1437,212 809,533 856,036 3019,244 692,113 452,320 909,790 946,100 2439,579 U.S.Treasurer-general acct, 567,483 28,350 116,991 31,821 48,246 42,333 48,184 54,828 40,188 31,333 43,313 35,780 46,116 Foreign 424,622 25,803 1/124,273 31,302 38,916 21,573 18,189 58,797 16,074 10,575 16,074 19,881 43,165 Other 415,806 2,957 323,179 21,542 9,166 3,206 2,806 4,558 8,344 2,376 5,178 759 31,735 Total deposits 20,405,859 929,126 6,277,572 935,541 1533,540 876,645 925,215 3137,^27 756,719 496,604 974,355 1002,520 2560,595 Deferred avail, cash items 3,254,215 233,426 606,700 230,790 257,670 280,148 206,920 562,879 161,821 96,983 155,926 174,301 286,651 Other liabilities and accrued dividends 19,404 890 5,836 981 2,154 842 928 2,885 674 1,180 695 686 1,653 TOTAL LIABILITIES 49,418,644 2732,767 12,648,020 2958,629 4l6l,252 2997,403 2501,858 8678,834 2076,031 1178,054 2142,670 1916,015 5427,111 Capital paid in 282,351 14,909 88,630 18,716 26,759 12,534 12,o4l 36,545 9,741 6,153 10,618 14,125 31,580 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 158,510 10,114 36,524 11,049 14,040 10,308 8,730 23,816 7,979 5,358 7,731 7.243 15,618 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,512,061 2799,580 12,957,126 3038,792 4260,705 3055,344 2551,425 8831,416 2119,737 1206,857 2185,612 1966,836 5538,631 Contingent liability on acceptances purchased for foreign correspondents 14,212 866 2/4,130 1,051 1,306 724 611 1,974 540 355 540 667 1,448 Industrial loan commitments 1,83? — 387 598 39 108 18 % FEDERAL RESERVE AGENTS' ACCOUNTS $ 4 F» R. notes Outstanding 26,566,599 1621,099 5,915,105 1870,85# 2477,571 1881,598 1418,01) 5057,333 1201,886 618,904 1034,146 778,046 2691,980 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 130,812 9,460 --- 12,210 --- 12,380 --- 15,650 4,400 51,012 — 25,700 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 28,088,812 1849,460 6,270,000 2012,210 2500,000 1937,380 1485,000 5100,000 1290,650 679,400 1131,012 808,000 3025,700 l/ After deducting $300,330,000 participations of other Federal Reserve Banks. 2/ After deducting $10,082,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis > t 7