H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U.I (For Immediate Release) December 9, 1954 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended December 8, Member bank reserves increased $129 million. The principal changes supplying reserves were decreases of $392 million in Treasury deposits with Federal Reserve Banks, $28 million in Foreign deposits with Federal Reserve Banks, and $10 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $193 million in Money in circulation and a decrease of $107 million in Reserve Bank credit. The decrease of $107 million in Reserve Bank credit resulted from decreases of $75 million in Float and $31 million in Loans, discounts and advances. Change since Member Bank Reserves Dec. 8, Dec. 1, Dec. 9 and Related Items 1954 1954 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 24,888 -255 Held under repurchase agreement -202 - - - - Loans, discounts and advances 346 - 31 -384 Float 624 - 75 + 18 Total 25,858 -107 -823 Gold stock 21,711 + 1 -317 Treasury currency outstanding 4,982 + 99 - ~ Money in circulation 30,697 +193 -207 Treasury cash holdings 818 + 5 + 40 Treasury deposits with F. R. Banks 350 -392 -138 Foreign deposits with F. R. Banks 358 - 28 -133 Other deposits with F. R. Banks 380 - 10 + 49 Other F. R. accounts (net) 876 - 3 - 4 Member bank reserves 19,073 +129 -647 Required reserves (estimated) 18,425 + 7 -628 Excess reserves (estimated) 648 +122 - 19 Daily average for period- Estimated excess reserves of member banks 765 +139 +155 Member bank borrowings at F. R. Banks 291 - 35 -380 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,014 million, an increase of $12 million for the week and an increase of $33^ million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since Dec. 8, Dec. 1, Dec, 9, 1954 1954 1953 A S S E TS Gold certificates 20,164,105 . 1,998 - 304,998 Redemption fund for F. R« notes 864,581 + 705 - 11,420 Total gold certificate reserves 21,028,686 1,293 - 316,418 - F. R. notes of other Banks 143,542 + 7,478 - 14,943 Other cash 302,469 17,299 + 1,303 - Discounts and advances 345,136 31,626 - 382,133 - Industrial loans 622 15 1,780 U. S. Government securities: Bought outright— Bills 2,167,000 - 254,312 Certificates 6,599,791 - - + 783,250 Notes 13,029,021 - 234,650 * » Bonds 3,092,550 - 548,600 - - Total bought outright 24,888,362 - 254,312 —• Held under repurchase agreement - 202,250 — — - - Total U. S. Government securities 24,888,362 - 456,562 Total loans and securities 25,234,120 - 31,611 - 840,475 Due from foreign banks " 22 Uncollected cash items 3,567,605 - 437,222 + 84,172 Bank premises 54,547 + 208 + 4,187 Other assets 214,425 + 9,892 + 28,931 TOTAL ASSETS 50,545,416 - 469^847 -1,053,243 L I A B I L I T I ES Federal Reserve notes 26,297,015 + 186,926 - 279,300 Deposits: Member bank--reserve accounts 19,072,505 + 128,784 - 647,243 U. S. Treasurer--general account 349,796 - 391,840 - 137,856 Foreign 357,712 - 28,540 - 133,268 Other 379,884 9,915 + 48,554 Total deposits 20,159,897 - 301,511 - 869,813 Deferred availability cash items 2,943,283 - 368,607 + 66,030 Other liabilities and accrued dividends 21,487 + 1,203 2 I 4 22 TOTAL LIABILITIES 49,421,682 - 475,989 -1,084,675 C A P I T AL ACCOUNTS Capital paid in 284,464 417 + 20,725 Surplus (Section 7) 625,013 + 40,337 Surplus (Section 13b) 27,543 Other capital accounts 186,714 + 5,725 - 29,630 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,545,416 - 469,847 -1,053,243 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.3$ + .1# .5# Contingent liability on acceptances purchased for foreign correspondents 19,683 + 736 1,835 Industrial loan commitments 1,9^6 16 1,248 I MATURITY DISTRIBUTION OF LOANS AND SECURITIES D, ECEMBER 8, 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 181,761 2 7,617,900 16 to 90 days 56,639 137 5,753,850 91 days to 1 year 106,736 452 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 FRASTERo tal 345,136 622 —24;888,362 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 8, 1954 H.U.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. 20,164,105 1028,896 5,378,226 1217,051 1678,428 1192,333 930,601 3632,062 823,089 440,815 780,453 753,932 2308,219 Gold certificates Redemption fund for F. R. notes Total gold certificate 21,028,686 1080,626 5,562,606 1276,095 1753,536 1267,566 984,604 3776,188 870,281 465,471 820,255 782,758 2388,700 reserves 143,542 6,116 38,553 4,794 5,915 9,915 22,895 18,433 6,760 2,705 5,283 7,355 14,818 F.R. notes of other Banks Other cash 302,469 18,014 58,863 17,044 29,501 16,685 28,238 51,429 19,754 7,519 11,167 12,161 32,094 Discounts and advances 345,136 17,084 67,658 34,166 22,397 20,730 20,473 52,956 11,009 6,692 54,809 15,632 21,530 Industrial loans 622 — 545 -- — 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 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 24,888,362 1373,290 6,357,284 1514,656 2133,107 1465,875 1267,589 4350,934 1041,454 611,183 1073,763 977,963 2721,244 Held under repurchase agreement Total U. S. Government 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 25,234,120 1390,374 6,424,942 1549,367 2155,504 1486,605 1288,062 4403,890 1052,463 617,952 1128,592 993,595 2742,774 securities 22 1 1/ 6 2 2 1 1 3 11 1 1 2 Due from foreign banks 3,567,605 277,385 6337124 221,258 317,829 309,041 264,680 572,861 168,743 110,990 192,910 165,902 332,882 Uncollected cash items 54,547 5,881 7,245 5,156 5,213 4,509 3,891 6,300 2,837 1,012 2,522 1,082 8,899 T$ank premises 214,425 11.524 53,215 12,662 18,371 I2,46l 11,46? 38,875 9,144 5,143 9,464 8,925 23,174 Other assets TOTAL ASSETS 50,545,416 2789,921 12,778,554 3086,378 4285,871 3106,783 2603,838 8867,979 2129,983 1210,793 2170,194 1971,779 5543,343 1/ 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 OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 8, 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 26,297,015 1615,401 5,920,021 1847,629 2426,888 1877,422 1391,348 5053,477 1178,440 588,021 1030,142 749,459 2618,767 Federal Reserve notes Deposits: Member bank-reserve accts. 19,072,505 812,132 5,594,859 915,686 1434,709 859,760 887,602 3090,370 726,663 461,905 891,540 979,129 2418,150 U.S.Treasurer-general acct 349,796 25,356 54,747 26,887 20,214 34,368 32,047 38,440 20,252 23,652 32,022 18,718 23,093 Foreign 357,712 21,594 1/106,353 26,196 32,568 18,054 15,222 49,206 13,452 8,850 13,452 16,638 36,127 Other 379,884 4,546 292,746 9.678 7.830 2,768 895 1,814 6,846 1,235 3,956 678 46,892 20,159,897 863,628 6,048,705 978,447 1495,321 914,950 935,766 3179,830 767,213 495,642 940,970 1015,163 2524,262 Total deposits 2,943,283 241,547 485,311 177,229 259,280 253,955 224,928 473,333 138,797 97,182 153,969 154,204 283,548 Deferred avail, cash items Other liabilities and 21,487 999 7,194 1,126 2,195 1,018 1,153 3,185 702 507 767 813 1,828 accrued dividends TOTAL LIABILITIES 49,421,682 2721,575 12,461,231 3004,431 4183,684 3047,345 2553,195 8709,825 2085,152 1181,352 2125,848 1919,639 5428,405 Capital paid in 284,464 14,931 89,127 18,796 27,058 12,547 12,118 36,903 9,825 6,169 10,784 14,438 31,768 Surplus (Section J) 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 186,714 11,625 44,244 12,753 16,475 11,792 9,729 29.030 9,020 5,980 8,969 8,249 18,848 TOTAL LIABILITIES AND 50,545,416 2789,921 12,778,554 3086,378 4285,871 3106,783 2603,838 8867,979 2129,983 1210,793 2170,194 1971,779 5543,343 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 19,683 1,202 2/5,696 1,458 1,812 1,005 847 2,738 749 493 749 925 2,009 Industrial loan commitments 1,9# 495 598 39 106 17 6|1 \ u FEDERAL RESERVE AGENTS' ACCOUNTS 27,203,178 1650,904 6,169,171 1919,055 2534,422 1921,425 1443,420 5159,063 1227,437 622,196 1054,508 784,9# 2716,60# F. R. notes outstanding Collateral for F.R. notes: 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 Gold certificates 2,100 47,830 2,796 94,574 5,880 — 20,575 — 11,363 — --- 4,030 Eligible paper 800,000 525,000 1620,000 1_L7 f,0 , 6U5O,0J 0, 0uu 1u2 J0L0C,V0V00, u 3u,u600,000 1 2vv0v0, 0v0w0 1500,000 13 —00J,000 1000,000 2900,000 < 9 '2 90-, 0i•00 500,000 ' / x A ^ U. S. Govt, securities j ,U\JU, y 28^327,574 1845,880 6,270,000 2020,575 2550,000 1961,363 1485,000 5300,000 1279,030677,100 1127,830808,000 3002,796 Total collateral 1/ After deducting $251,340,000 participations of other Federal Reserve Banks. 2/ After deducting $13,987,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis JL f