H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM B.4.1 (For Immediate Release) December 2, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended December 1, Member bank reserves increased $24 million. The principal changes supplying reserves were an increase of $338 million in Reserve Bank credit and a decrease of $14 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $204 million in Treasury deposits with Federal Reserve Banks, $92 million in Money in circulation, and $27 million in Other deposits with Federal Reserve Banks. The increase of $338 million in Reserve Bank credit resulted from increases of $335 million in U. S. Government securities bought outright and $63 million in Float, and a decrease of $6l million in Loans, discounts and advances. Holdings of U. S. Government securities bought outright reflected an increase of $335 million in bills. Change since Member Bank Reserves Dec. 1, Nov. 24, Dec. 2, and Related Items 1954 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities — Bought outright 24,888 +335 -155 Held under repurchase agreement - - " - 38 Loans, discounts and advances 377 - 6l - 52 Float 699 + 63 - 93 Total 25,965 +338 -337 Gold stock 21,710 + 1 -318 Treasury currency outstanding 4,982 +100 -- Money in circulation 30,504 + 92 -287 Treasury cash holdings 813 + 9 + 39 Treasury deposits with F. R. Banks 742 +204 +216 Foreign deposits with F. R. Banks 386 - 14 - 45 Other deposits with F. R. Banks 390 + 27 + 51 Other F. R. accounts (net) 879 - 2 + 1 Member bank reserves 18,944 + 24 -530 Required reserves (estimated) l8,4l8 - 58 -743 Excess reserves (estimated) 526 + 82 +213 Daily average for period-- Estimated excess reserves of member banks 639 -145 +102 Member bank borrowings at F. R. Banks 326 +205 -279 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,002 million, a decrease of $14 million for the week and an increase of $311 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 Dec. 1, Nov. 24, Dec. 2, 1954 1954 1953 A S S E TS Gold certificates 20,166,103 „ 10,001 334,999 Redemption fund for F. R. notes 863,876 + 9,999 + 16,630 Total gold certificate reserves 21,029,979 - 2 - 318,369 F. R. notes of other Banks 136,064 + 7,414* 6,190 - Other cash y 319,768 - 6,983 •f 9,522 Discounts and advances 376,762 - 60,545 - 49,993 Industrial loans 607 + 98 1,836 - U. S. Government securities: Bought outright-- Bills 2,167,000 + 335,000 104,312 Certificates 6,599,791 -- + 758,250 Notes 13,029,021 244,650 - - - Bonds 3,092,550 - 563,600 Total bought outright 24,888,362 + 335,000 - 154,312 Held under repurchase agreement - - - 38,000 Total U. S. Government securities 24,888,362 + 335,000 192,312 - Total loans and securities 25,265,731 + 274,553 - 244,141 Due from foreign banks 22 *»— •» mm Uncollected cash items| 4,004,827 + 98,562 + 46,394 Bank premises 54,339 + 2 + 3,977 Other assets 204,533 + 7,315 + 27,398 TOTAL ASSETS 51,015,263 + 380,861* 481,409 - L I A B I L I T I ES Federal Reserve notes 26,110,089 + 100,152* - 345,309 Deposits: Member bank—reserve accounts 18,943,721 + 24,000 529,904 U. S. Treasurer--general account 741,636 + 203,753 + 215,825 Foreign 386,252 14,063 44,647 - - Other 389,799 + 26,931 + 50,403 Total deposits 20,461,408 + 240,621 - 308,323 Deferred availability cash items 3,305,890 + 35,231 + 139,691 Other liabilities and accrued dividends 20,284 - 846 - 8l4 TOTAL LIABILITIES 49,897,671 + 375,158* - 514,755 C A P I T AL A C C O U N TS Capital paid in 284,047 + 178 + 20,489 Surplus (Section 7) 625,013 - - + 40,337 Surplus (Section 13b) 27,543 - - w — Other capital accounts 180,989 + 5,525 - 27,480 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,015,263 + 380,861* ,, 481,409 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.236 - .3# -- Contingent liability on acceptances purchased for foreign correspondents 18,947 + 1,075 - 1,715 Industrial loan commitments 1,9|2 118 1,207 - •November 24 figures revised MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 1, 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 199,236 2 7>5137550 16 to 90 days 70,651 186 5,758,200 91 days to 1 year 106,875 388 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 Digitized for FRASER http://fraser.stlo T ui o sf t e a d. l or g/ 175/752" ToT " 24,888,362 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 1, 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 20,166,103 1002,246 5,323,350 1208,982 1734,762 ii4l,86l 874,668 3641,728 824,300 446,878 774,423 761,681 2431,224 Redemption fund for F. R. notes 863,876 51,801 184,602 57,178 75,236 75,550 54,079 144,260 47,235 24,674 39,841 28,852 80,568 Total gold certificate reserves 21,029,979 1054,047 5,507,952 1266,160 1809,998 1217,411 928,747 3785,988 871,535 471,552 814,264 790,533 2511,792 F.R. notes of other Banks 136,064 5,759 34,034 5,071 6,352 10,254 21,453 15,824 7,013 3>98 4,082 8,454 14,270 Other cash 319,768 18,495 63,295 17,643 33,096 17,511 27,826 53,192 20,965 7,751 11,609 13,165 35,220 Discounts and advances 376,762 18,963 64,448 30,997 32,490 28,969 56,025 36,602 12,611 5,267 43,737 18,495 28,158 Industrial loans 607 — — ^ 30 — — — — 77 U. S. Govt, securities: Bought outright-- Bills 2,167,000 119,571 553,521 131,879 185,727 127,632 110,367 378,831 90,679 53,215 93,492 85,150 236,936 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 Total 24,888,362 1373,290 6,357,284 1514,656 2133,107 1465,875 1267,589 4350,934 1041,454 611,183 1073,783 977,963 2721,244 Held under repurchase agreement Total U. S. Government T securities 24,888,362 1373,290 6,357,284 1514,656 2133,107 1465,875 1267,589 4350,934 1041,454 611,183 1073,783 977,963 2721,244 Total loans and securities 25,265,731 1392,253 6,421,732 1546,183 2165,597 1494,844 1323,614 4387,536 1054,065 616,527 1117,520 996,458 2749,402 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 1 2 Uncollected cash items 4,004,827 321,868 791,940 236,109 378,811 328,234 267,041 680,830 168,047 119,583 202,073 151,650 358,641 Bank premises 54,339 5,862 7,245 5,156 5,099 4,509 3,892 6,300 2,837 1,012 2,446 1,082 8,899 Other assets 204,533 11,036 51,096 12,201 17,951 11,939 11,169 35,581 8,827 4,943 9,088 8,595 22,107 TOTAL ASSETS 51,015,263 2809,321 12,877,300 3088,525 4416,906 3084,703 2583,743 8965,254 2133,290 1224,867 2161,083 1969,938 5700,333 1/ 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 DECEMBER 1, 195% 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 26,110,089 1604,046 5,878,150 1835,844 2407,346 1865,380 1377,283 5027,416 1167,994 583,490 1020,010 745,066 2598,064 Deposits: Member bank-reserve accts. 18,943,721 784,294 5,474,991 894,352 1458,332 831,794 871,363 3080,971 727,966 464,684 865,889 944,520 2544,565 U.S.Treasurer-general acct. 741,636 36,949 167,512 41,936 82,411 37,365 38,711 103,750 34,068 36,118 46,079 51,986 64,751 Foreign 386,252 23,302 1/115,013 28,268 35,144 19,482 16,426 53,098 14,516 9,550 14,516 17,954 38,983 Other 389,799 4,980 316,870 9,681 7,666 3,758 1,011 3,649 5,952 1,457 3,049 715 31,011 Total deposits 20,461,408 849,525 6,074,386 974,237 1583,553 892,399 927,511 3241,468 782,502 511,809 929,533 1015,175 2679,310 Deferred avail, cash items 3,305,890 286,870 602,579 195,796 322,178 266,936 227,308 536,290 137,506 99,624 166,861 157,022 306,920 Other liabilities and accrued dividends 20,284 957 6,457 1,062 2,228 879 992 3,043 673 646 758 755 1,834 TOTAL LIABILITIES 49,897,671 2741,398 12,561,572 3006,939 4315,305 3025,594 2533,094 8808,217 2088,675 1195,569 2117,162 1918,018 5586,128 Capital paid in 284,047 14,931 89,086 18,781 26,943 12,5*3 12,118 36,832 9,824 6,164 10,657 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 180,989 11,202 42,690 12,407 16,004 11,465 9,735 27,984 8,805 5,842 8,671 8,038 18,146 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,015,263 2809,321 12,877,300 3088,525 4416,906 3084,703 2583,743 8965,254 2133,290 1224,867 2161,083 1969,938 5700,333 Contingent liability on acceptances purchased for foreign correspondents 18,947 1,153 2/5,528 1,399 1,739 964 813 2,627 718 472 718 888 1,928 Industrial loan commitments l,9f2 510 598 39 106 18 6$l •3 (0 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 27,035,53/ 1641,602 6,123,400 1900,945 2514,493 1903,741 1440,128 5121,919 1222,97/ 619,316 1047,486 786,355 2713,181 Collateral for F.R. notes: Gold certificates 11,168,000 640,000 2,670,000 800,000 1050,000 650,000 485,000 2400,000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 101,185 8,430 18,220 20,163 6,050 950 36,826 10,546 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 28,234,185 1848,430 6,270,000 2018,220 2550,000 1970,163 1485,000 5200,000 1281,050 675,950 1116,826 808,000 3010,546 1/ After deducting $271,220,000 participations of other Federal Reserve Banks. 2/ After deducting $13,419,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis