H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) January 13, 1955 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended January 12, Member bank reserves decreased $396 million. The principal changes reducing reserves were a decrease of $468 million in Reserve Bank credit and an increase of $235 millio nin Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $238 million in Money in circulation, $6l million in Foreign deposits with Federal Reserve Banks, and $14 million in Other deposit swith Federal Reserve Banks. The decrease of $468 million in Reserve Bank credit resulted from decreases of $341 million in U. S. Government securities bought outright and $332 million in Float, and increases of $178 millio nin Loans, discounts and advances and $27 million in U. S. Government securities held under repurchase agreement. Holdings of U. S. Government securities bought outright reflected a decrease of $341 million in bills. Change since Member Bank Reserves Jan. 12, Jan. 5, Jan. 13, and Related Items 1955 1955 1954 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 24,497 -341 -821 Held under repurchase agreement 27 + 27 + 27 Loans, discounts and advances 537 +178 +379 Float 678 -332 - 76 Total 25,739 -468 -491 Gold stock 21,713 + 1 -317 Treasury currency outstanding 4,984 + 94 -- Money in circulation 30,196 -238 - 88 Treasury cash holdings 821 + 8 + 46 Treasury deposits with F. R. Banks 457 +235 +371 Foreign deposits with F. R. Banks 503 - 61 + 3 Other deposits with F. R. Banks 387 - 14 - 54 Other F. R. account s(net) 904 - 1 + 68 Member bank reserves 19,170 -396 -1,058 Required reserves (estimated) 18,390 -176 -860 Excess reserves (estimated) 780 -220 -198 Bally averages for period-- Estimated excess reserves of member bank s693 + 6 - 86 Member bank borrowings at F. R. Bank s370 +131 +239 U. 8, Government securities held in custody b ythe Federal Reserve Banks for foreign account were $2,960 million, an increase of $69 millio nfor the week and an increase of $4o6 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since Jan. 12, Jan. 5, Jan. 13, 1955 1955 1954 A S S E TS Gold certificates 20,165,103 + 2 - 287,998 Redemption fund for F, R. notes 865,214 2,073 - 31,718 - Total gold certificate reserves 21,030,317 2,071 - 3197715 F. R. notes of other Banks 229,663 4- 14,917 9,729 Other cash 412,433 + 30,533 16,803 Discounts and advances 536,516 + 178,238 + 380,446 Industrial loans 689 - 14 1,114 U. S. Government securities: Bought outright-- Bills 1,775,744 341,256 - 820,568 Certificates 13,882,341 +8,065,800 — — Notes 6,037,271 -7,226,400 -- Bonds 2,801,750 - 839,400 — — Total bought outright 24,497,106 31+17255 - 820,568 - Held under repurchase agreement 27,000 + 27,000 + 27,000 Total U. S. Government securities 24,524,106 - 314,256 - 793,568 . Total loans and securities 25,061,311 136,032 - 414,236 Due from foreign banks 22 «u» — — — Uncollected cash items 4,073,427 - 75,499 + 165,517 Bank premises 54,873 + 132 + 2,425 Other assets 148,862 + 7,193 20,022 TOTAL ASSETS 51,010,908 - 160,827 - 612,564 L I A B I L I T I ES Federal Reserve notes 25,992,114 187,031 165,308 - ~ Deposits: Member bank--reserve accounts 19,169,560 396,116 -1,058,293 U. S. Treasurer--general account 456,838 + 235,166 + 370,447 Foreign 502,733 - 60,892 + 3,003 Other 386,541 14,167 54,820 - Total deposits 20,515,672 236,009 739,663 - Deferred availability cash items 3,395,461 + 256,403 + 241,963 Other liabilities and accrued dividends 14,539 + 489 - 3,336 TOTAL LIABILITIES 49,917,786 166,148 666,344 - - C A P I T AL A C C O U N TS Capital paid in 288,878 + 799 + 22,539 Surplus (Section 7) 660,901 - - + 35,888 Surplus (Section 13b) 27,543 a* — — — Other capital accounts 115,800 + 4,522 - 4,647 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,010,908 160,827 612,564 - - Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 45.2 % + M + .2$ Contingent liability on acceptances purchased for foreign correspondents 19,404 + 210 4,470 Industrial loan commitments l^ipj + 13 - 2^450 LL ; ; MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JANUARY 12, 1955 (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 409,379 16 625,500 16 to 90 days 33,787 182 5,189,244 91 days to 1 year 93,350 4l6 13,193,764 Over 1 year to 5 years - - 75 3,087,127 Over 5 years to 10 years 1,013,614 — — -- Over 10 years 1,414,857 — — •— — Digitized for FRTAoSEtRa l 536,516 689 24,524,106 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON JANUARY 12 ,1955 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 20,165,103 991,298 5,253,364 1243,680 1723,2a 1111,953 929,561 3587,9k) 805,201 438,840 854,550 783,261 2442,17) Redemption fund for F. R. notes 865,214 53,581 183,657 58,737 76,851 74,295 53,802 143.843 47,088 24,617 39,725 28,736 80,28s Total gold certificate reserves 21,030,317 1044,879 5,437,021 1302,417 1800,135 1186,248 983,363 3731,783 852,289 463,457 894,275 811,997 2522,455 20,887 F.R. notes of other Banks 229,663 16,514 53,805 8,500 12,958 43,487 20,243 8,752 6,145 6,459 11,778 20,135 Other cash 412,433 28,212 97,904 19,215 43,002 23,542 32,849 67,220 24,457 9,327 13,301 14,333 39,071 Discounts and advances 536,516 18,176 207>948 14,868 36,053 17,642 33,333 116,487 21,367 10,463 33,679 8,267 18,233 Industrial loans 689 593 •» — — 1- — —— 96 U. S. Govt, securities: Bought outright— Bills 1,775,744 97,982 453,582 108,068 15„2 ,.19 4. ,10,4,58 89 0,440 310,432 74,306 43,607 76,612 69,776 194,157 Certificates 13,882,341 765,999 3,545,994 844,852 1189,814 817,643 707,042 2426,883 580,906 340,909 598,940 545,492 1517,867 Notes 6,037,271 333,125 1,542,112 367,416 517,436 355,583 307,484 1055,424 252,630 148,257 260,472 237,229 660,103 Bonds 2,801,750 154,595 715,657 170,509 240,130 165,017 142,696 489,796 117,239 68,802 120,879 110,092 306.338 Total 24,497,106 1351,701 6,257,345 1490,645 2099,574 1442,831 1247,66 2 4282,535 1025,081 601,575 1056,903 962,589 2678^65 Held under repurchase 27 000 - - 2% j 000 -«• - - -- -- — - agreement f Total U. S. Government securities 24,524,106 1351,701 6,284,345 1490,845 2099,574 1442,831 1247,662 4282,535 1025,081 601,575 1056,903 962,589 2678,465 Total loans and securities 25,061,311 1369,877 6,492,293 1506,306 2135,627 1460,473 1280,995 4399,022 1046,448 612,134 1090,582 970,856 2696,698 Due from foreign banks 22 1 1/ 6 2 2 l 1 3 1 11 1 2 Uncollected cash items 4,073,427 334,486 746,558 237,600 369,832 335,763 319,620 658,217 180,663 117,025 205,817 191,508 376,338 Bank premises 7,150 5,241 5,260 6,281 2,831 1,007 2,532 1,182 9,096 54,873 5,919 4,495 3,879 Other assets 148,862 7,862 36,683 8,689 8,787 8,244 6.400 6,662 6.344 15,918 12,391 27,359 3,523 TOTAL ASSETS 51,010,908 2807,750 12,871,420 3087,970 4379,207 3040,19 62672,438 8910,128 2121,841 1212,619 2219,629 2007,999 5679,711 l/ After deducting $16,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I A.

STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON JANUARY 12 ,1955 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 580,624 1021,813 732,846 2569,56? Federal Reserve notes 25,992,114 1593,975 5,855,^0 1824,303 2401,411 1842,817 1377,083 5025,599 1166,415 Deposits: Member hank-reserve accts. 19,169,560 781,128 5,615,824 901,173 1456,582 801,356 914,138 3068,280 709,561 461,087 922,908 1000,252 2537,273 U.S.Treasurer-general acct. 456,838 38,484 71,393 34,323 46,589 24,792 26,401 53,963 21,570 27,328 36,675 27,781 47,53S Foreign 502,733 29,700 1/152,254 36,135 45,045 24,750 21,285 69,300 18,810 12,375 18,810 23,265 51,004 Other 386,541 5,900 305,471 9,753 7,300 3,354 822 2,201 6,750 1,351 5,732 8 05 37,10g Total deposits 20,515,672 855,212 6,144,942 981,384 1555,516 854,252 962,646 3193,744 756,691 502,141 984,125 1052,103 2672,916 Deferred avail, cash items 3,395,461 291,470 555,071 201,700 321,866 284,841 282,809 536,191 15^,730 100,686 170,331 171,034 324,732 Other liabilities and accrued dividends 14,539 617 5,253 680 1,331 711 581 2,303 499 374 527 453 1.21C TOTAL LIABILITIES 4 9, 9 1 7 , 7 86 2741,274 12,560,926 3008,067 4280,124 2982,621 2623,119 8757,837 2078,335 1183,825 2176,796 1956,436 5568,426 Capital paid in 288,878 15,013 90,346 19,174 27,323 12,816 12,307 38,454 9,983 6,387 10,961 14,530 31,5% Surplus (Section 7) 660,901 4 0, 3 09 188,070 47,773 60,222 3 3, 4 80 2 9, 4 80 96,566 26,619 16,918 24,755 29,985 6 6, 7 24 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,l4c X3*her capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,010,908 2807,750 12,871,420 3087,970 4379,207 3040,196 2672,438 8910,128 2121,841 1212,6192 219,629 2007,999 5679,711 Contingent liability on acceptances purchased for foreign correspondents 19,404 1,164 2/5,669 l,4l6 1,766 970 834 2,716 737 485 %737 912 l,99f Industrial loan commitments 1,157 148 598 39 104 16 10 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 27,117,312 1660,436 6,112,647 1903,275 2535,156 1923,487 1455,176 5156,420 1215,449 620,461 1055,652 780,158 2698,995 Collateral for F.R. notes: Gold certificates 11,208,000 640,000 2,670,000 800,000 1050,000 675,000 500,000 2400,000 355,000 175,000 280,000 283,000 1380,00c Eligible paper 82,828 10,176 5,135 — 10,975 — 16,300 7,130 28,612 4,50C U. S. Govt, securities 17,140,000 1200,000 3,600,000 1200,000 1550,000 1300,000 1000,000 2900,000 945,000 500,000 800,000 525,000 1620,00c Total collateral 28,430,826 1850,176 6,270,000 2005,135 2600,000 1985,975 1500,000 5300,000 1316,300 682,130 1108,612 808,000 3004,50C 1/ After deducting $350,460,000 participations of other Federa lReserve Banks. 2/ After deducting $13,735,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis