H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) November 26, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended November 24, Member bank reserves decreased $445 million. The principal changes reducing reserves were a decrease of $306 million in Reserve Bank credit and an increase of $179 million in Money in circulation. The principal offsetting changes were decreases of $18 million in Other deposits with Federal Reserve Banks and $14 million in Foreign deposits with Federal Reserve Banks. The decrease of $306 million in Reserve Bank credit resulted from decreases of $369 million in Float and $75 million in U. S. Government securities bought outright, and an increase of $138 million in Loans, discounts and advances. Holdings of U. S. Government securities bought outright reflected a decrease of $75 million in bills. Change since Member Bank Reserves Nov. 24, Nov. 17, Nov. 25, and Related Items 1954 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright 24,553 - 75 -440 Held under repurchase agreement *" - - 29 Loans, discounts and advances 438 +138 -332 Float 636 -369 Total 25,627 -306 -801 Gold stock 21,709 -- -318 Treasury currency outstanding 4,982 +3 +103 Money in circulation 30,412 +179 -279 Treasury cash holdings 8o4 +2 + 27 Treasury deposits with F. R. Banks 538 - 6 +16 Foreign deposits with F. R. Banks 400 - 14 - 29 Other deposits with F. R. Banks 363 - 18 +28 Other F. R. accounts (net) 881 - l + 76 Member bank reserves 18,920 -445 -855 Required reserves (estimated) 18,476 + 39 -671 Excess reserves (estimated) 444 -484 -184 Daily averages for period-- Estimated excess reserves of member b 784 -200 +145 Member bank borrowings at F. R. Banks 121 + 34 -370 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,016 million, an increase of $8 million for the week and an increase of $335 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 Nov. 24, Nov. 17, Nov. 25, 1954 1954 1953 A S S E TS Gold certificates 20,176,104 3,996 - 316,999 Redemption fund for F. R. notes 853,877 + 2,461 + 8,631 Total gold certificate reserves 21,029,981 1,535 - 300,366 F. R. notes of other Banks i'X%US0- 1-33,645 12,413 - 19,438 Other cash 326,751 1,356 + 3,216 Discounts and advances 437,307 ¥ 138,368 - 330,288 Industrial loans 509 213 1,913 U. S. Government securities: Bought outright— Bills 1,832,000 75,000 - 369,312 Certificates 6,599,791 + 748,250 Notes 13,029,021 - 244,650 Bonds 3,092,550 - 573,600 Total bought outright 24,553,362 - 75,000 - 439,312 Held under repurchase agreement 29,000 Total U. S. Government securities 24,553~362 - 75,000 - 468,312 Total loans and securities 24,991,178 + 63,155 - 800,513 Due from foreign banks 22 Uncollected cash items 3,906,265 -1,125,685 + 180,868 Bank premises 54,337 74 + 4,121 Other assets 197,218 + 8,625 - 46,388 TOTAL ASSETS 50,6#tb9T -1,069,283 - 986,502 3H,H(rx L I A B I L I T I ES 04,431 Federal Reserve notes 26,0t€y952- + 161,937 - 362,074 Deposits: Member bank—reserve accounts 18,919,721 - 445,220 - 855,566 U. S. Treasurer—general account 537,883 6,282 + 16,254 Foreign 400,315 - 13,410 - 29,015 Other 362,868 - 17,717 + 28,098 Total deposits 20,220,787 -482,629 - 840,229 Deferred availability cash items 3,270,659 - 756,462 + 181,320 Other liabilities and accrued dividends 21,130 + 1,819 1,017 TOTAL LIABILITIES k9,529rm -1,075,335 -1,022,000 2,5 v3 C A P I T AL A C C O U N TS Capital paid in 283,869 454 + 20,644 Surplus (Section 7) 625,013 + 40,337 Surplus (Section 13b) 27,543 Other capital accounts 175,464 + - 25,483 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,64tr39?- -1,069,283 - 986,502 3H,H0-X Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45 . 556 • 3 $ Contingent liability on acceptances purchased for foreign correspondents 17,872 + 1,801 2,030 Industrial loan commitments 2,040 + 211 1,188 MATURITY DISTRIBUTION OF LOANS AND SECURITIES .NOVEMBER 24. 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 285,517 110 365,800 16 to 90 days 45,029 79 12,670,950 91 days to 1 year 106,761 289 2,767,391 Over 1 year to 5 years 31 6,320,750 Over 5 years to 10 years 1,013,614 Over 10 years 1.414.857 Total Digitized for FRASER 437,307 509 24,553,362 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 24, 1954 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 20,176,104 966,156 5,319,713 1200,767 1720,310 1162,762 920,287 3616,171 837,732 456,784 821,821 841,233 2312,368 Redemption fund for F. R. notes 853,877 51,801 174,602 57,179 75,236 75,550 54,079 144,260 47,235 24,674 39,841 28,852 80,568 Total gold certificate reserves 21,029,981 1017,957 5,494,315 1257,946 1795,546 1238,312 974,366 3760,431 884,967 481,458 861,662 870,085 2392,936 \o4, u5o F.R. notes of other Banks 135,645" 6,4169,419 27,08927,089 44,,119944 55,,448800 1111,,111166 21,242 15,493 6,847 2,968 5,691 8,812 39,694 Other cash 326,751 19,213 66,086 17,237 33,154 18,782 28,306 53,726 21,116 8,484 11,579 12,896 36,172 Discounts and advances 437,307 12,372 113,918 31,573 41,273 21,335 39,857 49,219 13,948 8,487 65,721 17,548 22,056 Industrial loans 509 —— It-3 3- — — — — 78 U. S. Govt, securities: Bought outright-- Bills 1,832,000 101,086 467,951 111,492 157,015 107,901 93,305 320,267 76,660 44,989 79,039 71,987 200,308 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 9 \jyc. 9 jj\j if UjUtl f u7 j y iw,cuu clsjj j J f y j\j ( y*rVj, u33 x.c.y y tvu f j 9 y+'r j LcLLfjLy jjU, 1^3 Total 24,553,362 1354,805 6,271,714 1494,269 2104,395 1446,144 1250,527 4292,370 1027,435 602,957 1059,330 964,800 2684,616 Held under repurchase agreement Total U. S. Government securities 24,553,362 1354,805 6,271,714 1494,269 2104,395 1446,144 1250,527 4292,370 1027,435 602,957 1059,330 964,800 2684,6l6 Total loans and securities 24,991,178 1367,177 6,385,632 1526,273 2145,668 1467,479 1290,384 4341,589 1041,383 611,522 1125,051 982,348 2706,672 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 1 2 Uncollected cash items 3,906,265 318,009 734,705 240,158 360,001 335,821 288,760 627,805 168,473 110,966 200,842 152,640 368,085 Bank premises 54,337 5,862 7,263 5,156 5,110 4,509 3,900 6,319 2,843 1,019 2,453 1,085 8,818 Other assets 197,218 10,699 49,782 11,733 17,157 11,568 10,687 34,049 8,423 4,738 8,721 8,438 21,223 34,HCX u-i 30I TOTAL ASSETS 50,641,397 2745,337 12,764,878 3062,699 4362,118 3087,588 2617,646 8839,415 2134,053 1221,156 2216,000 2036,305 555^-202 l/ After deducting $16,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis M

STATEMENT OP CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 24, 1954 H A. 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. 36,364 Federal Reserve notes 26,016,93a 1598,214 5,865,069 1828,018 2398,387 1847,034 1367,953 5018,720 1163,860 582,363 1012,528 741,527 2595359 Deposits: Member bank-reserve accts. 18,919,721 732,380 5,537,194 883,902 1460,962 831,966 895,249 299^,461 716,883 470,036 946,835 1016,177 2433,676 U.S.Treasurer-general acct. 537,883 44,271 53,981 37,317 53,163 49,788 42,308 84,249 41,102 29,792 30,267 31,097 40,548 Foreign 400,315 23,851 1/122,686 28,934 35,972 19,941 16,813 54,349 14,858 9,775 14,858 18,377 39,901 Other 362,868 1,965 972 3,373 8,173 Total deposits 20,220,787 803,667 6,003,334 959,632 1558,455 903,660 955,342 3136,432 781,016 510,784 995,318 1066,129 2547,018 Deferred avail, cash items 3,270,659 274,781 575,161 192,777 302,175 277,097 243,111 525,180 144,103 98,302 163,646 175,958 298,368 Other liabilities and accrued dividends 21,130 916 7,291 1,040 2,067 993 857 3,111 670 503 780 955 1,947 33591 •2. *>)3 TOTAL LIABILITIES 49,5297506 2677,578 12,450,855 2981,467 4261,084 3028,784 2567,263 8683,443 2089,649 1191,952 2172,272 1984,569 5440:592 Capital paid in 283,869 14,925 89,076 18,764 26,846 12,544 12,116 36,792 9,823 6,164 10,653 14,429 31,737 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 175,464 11,044 40,995 12,070 15,534 11,161 9,471 26,959 8,595 5,748 8,482 7,854 17,551 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,6^1,397 2745,337 12,764,878 3062,699 4362,118 3087,588 2617,646 8839,415 2134,053 1221,156 22221166,,000000 22003366,,330055 555M«2 -H4G2 HI, 2.01 Contingent liability on acceptances purchased for foreign correspondents 17,872 1,092 22//55,,116633 1,325 1,647 913 770 2,488 680 447 680 84l 1,826 Industrial loan commitments 2,040 - —— - - - 610 598 39 106 18 - -- • • - 669 — — - - FEDERAL RESERVE AGENTS' ACCOUNTS i V F. R. notes outstanding 26,863,910 1631,185 6,014,582 1906,546 2494,600 1894,334 1432,557 5110,532 1218,234 618,851 1044,467 787,552 2710,469 Collateral for F.R. notes: Gold certificates 11,143,000 640,000 2,670,000 8008,0000,00 1000 5100,5000,0000 662255,,000000 448855,,000000 22440000,,000000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 108,364 1,900 18,870 --- 12,580 --- —- 7,425 4,195 58,848 --- 4,546 U. S. Govt, securities 16,965,000 1200,000 3,600,000 1200,000 1500,000 1300,000 1000,000 2800,000 920,000 500,000 800,000 525,000 1620,000 Total collateral 28,216,364 1841,900 6,270,000 2018,870 2550,000 1937,580 1485,000 5200,000 1282,425 679,195 1138,848 808,000 3004,546 1/ After deducting $277,610,000 participations of other Federal Reserve Banks. 2/ After deducting $12,709,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis