H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD 0^ GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) January 20, 1955 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended January 19, Member bank reserves decreased $104 million. The principal change reducing reserves was a decrease of $657 million in Reserve Bank credit. The principal offsetting changes were decreases of $297 million in Treasury deposits with Federal Reserve Banks, $237 million in Money in circulation, and $28 million in Foreign deposits with Federal Reserve Banks. The decrease of $657 million in Reserve Bank credit resulted from decreases of $598 million in U. S. Government securities bought outright, $239 million in Loans, discounts and advances, and $17 million in U. S. Government securities held under repurchase agreement, and an increase of $197 million in Float. Holdings of U. S. Government securities bought outright reflected a decrease of $598 million in bills. Change since Member Bank Reserves Jan. 19, Jan. 12, Jan. 20, and Related Items 1955 1955 1954 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 23,899 -598 -1,465 Held under repurchase agreement 10 - 17 + 10 Leans, discounts and advances 298 -239 + 227 Float 875 +197 - 102 Total 25,082 -657 -1,330 Gold stock 21,714 + 1 - 292 Treasury currency outstanding 4,985 + 1 + 95 Money in circulation 29,959 -237 - 124 Treasury cash holdings 827 + 6 + 45 Treasury deposits with F. R. Banks 160 -297 + 155 Foreign deposits with F. R. Banks 475 - 28 + 32 Other deposits with F. R. Banks 391 + 4 + 105 Other F. R. account s(net) 902 - 2 + 69 Member bank reserves 19,066 -104 -1,808 Required reserves (estimated) 18,433 +27 - 902 Excess reserves (estimated) 633 -131 - $06 Daily averages for period-- Estimated excess reserves of member banks 776 + 99 - 498 Member bank borrowings at F. R. Bank s312 - 58 + 242 U. S. Government securities held in custody b ythe Federal Reserve Banks for foreign account were $2,976 million, an increase of $l6 million for the week and an increase of $409 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 COMBINE? (In thousands of dollars) Change since Jan. 19# Jan. 12, Jan. 20, 1955 1954 A S S E TS Gold certificates 20,174,103 + 9,000 254,999 Redemption fund for F, R, notes 865,213 X 27,567 Total gold certificate reserves 21,039,316 + 57999 282,566 F. R, notes of other Banks 228,594 1,069 2,233 Other cash 434,823 + 22,390 16,770 Discounts and advances 297,598 - 238,918 227,932 Industrial loans 572 117 1,129 U. S. Government securities: Bought outright— Bills 1,177,944 - 597,800 -1,141,468 Certificates: Special - 323,000 Other 13,882,341 48,065,800 Notes 6,037,271 -7,226,400 Bonds 2,801,750 - 839,400 Total bought outright 23,899,306 - 597,800 -1,464:468 Held under repurchase agreement 9z500 - 17,500 + 9,500 Total U. S. Government securities 23,908,806 - 615,300 -1.^966 Total loans and securities 24,206,976 - 854,335 -1,228,165 Due from foreign banks 22 Uncollected cash items 4,509,446 + 436,019 + 188,999 Bank premises 54,931 + 58 + 2,185 Other assets 156,009 + - 22,436 TOTAL ASSETS 50,630,117 - 380,791 -1,360,986 L I A B I L I T I ES Federal Reserve notes 25,789,807 - 202,307 - 183,908 Deposits: Member bank--reserve accounts 19,066,342 - 103,218 -1,808,151 U. S. Treasurer--general account 159,570 - 297,268 + 154,541 Foreign 475,479 - 27,254 + 32,469 Other 391,310 + 4,769 + 104,962 Total deposits 20,092,701 - 422,971 -1,516,179 Deferred availability cash items 3,634,593 + 239,132 + 290,669 Other liabilities and accrued dividends 14,880 + 341 - . 2,703 TOTAL LIABILITIES 49,531,981 - 385,805 -1,412,121 C A P I T AL A C C O U N TS Capital paid in 289,453 575 + 22,667 Surplus (Section 7) 660,901 + 35,888 Surplus (Section 13b) 27,543 Other capital accounts 120,239 + 4,439 7,420 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,630,117 - 380,791 -1,360,986 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.956 + .7# + 1,1$ Contingent liability on acceptances purchased for foreign correspondents 21,214 + 1,810 + 841 Industrial loan commitments 3,191 + 2,034 528 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 19, 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 142,174 85 483,194 16 to 90 days 62,051 102 4,716,250 91 days to 1 year 93,373 312 13,193,764 Over 1 year to 5 years <•> mm 73 3,087,127 Over 5 years to 10 years mm w 1,013,614 Digitized O f v o e r F r R A 1 S 0 E R y ears «* mm mm «• 1,414,857 http://fraser.stlouTisofetda.olrg / 297,598 572 23,908,806 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 19, 1955 H.4.l(b) (In thousands of dollars) A S S E TS Total Boston New York Phi la. Cleve. Rich, Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 20,174,103 1045,551 5,324,853 1228,793 1729,556 1115,174 904,084 3616,711 821,217 436,990 857,355 Redemption fund for 811,073 2282,746 F. R. notes S2i580 183,657 58,737 76.851 74.295 53.802 143.841 47.088 24.617 39.725 28,736 80.282 Total gold certificate reserves 21,039,316 1099,131 5,508,510 1287,530 1806,407 1189,469 957,886 3760,554 868,305 461,607 897,080 839,809 2363,028 F O . t R he . r no c t a e s s h of other Banks 228,594 15,985 49,246 8,673 12,424 23,900 45,653 21,084 8,464 5,569 6,744 12,398 18,454 D I i n s d c u o s u t n r t i s a l a n l d o a a n d s v ances 2 43 9 4 7 , , 5 8 5 7 2 9 2 3 8 - 1 3 6 - 1 , 4 , 8 3 7 0 5 8 9 9 1 4 0 6 1 , , 3 6 8 3 3 0 20, 8 1 5 2 2 ,453 - 1 4 - 5 3 , L , 7 6 0 4 3 7 2 1 3 2 ,9 ,3 2 4 6 2 3 2 5 8 , , 7 7 6 0 9 8 97 , 6 9 9 8 , 3 7 50 2 1 4 2 , ,2 9 1 4 7 4 1 6 0 , ,0 8 6 3 5 3 2 1 5 4, ,2 6 1 9 7 2 1 8 4, ,2 5 6 4 7 1 1 4 4 3 , , 6 6 8 4 3 8 U. S. Govt, securities: 94 Bought outright— Bills fI if iigiii igg fig Certificates Notes Bonds Total Held under repurchase agreement 9,500 9,500 Total U. S. Government securities 23,908,806 1318,716 6,114,148 1454,464 2048,338 1407.621 1217.216 4178,029 1000.066 586.895 1031.112 939.099 2613,102 Total loans and securities 24,206,976 1335,525 6,160,531 1467,395 2064,04l 1419,963 1245,924 4276,012 1012,283 593,822 1056,329 947,366 2627,785 "II IS 3: ":1:gg 1I1 s3* Due from foreign banks 22 1 l/ 6 2 2 l l 3 l li 1 o Uncollected cash items Bank premises Other assets ,709 16,801 i±Li TOTAL ASSETS 50,630,117 2852,836 12,794,455 3070,463 4361,257 3008,641 2635,885 8868,259 2100,904 1199,228 2214,775 2013,579 5509,835 l/ 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 JANUARY 19, 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. Federal Reserve notes 25,789,807 1577,074 5,806,097 1812,050 2384,943 1829,004 1364,449 4993,492 1161,423 577,104 1018,184 728,880 2537,107 Deposits: Member bank-reserve accts. 19,066,342 849,576 5,523,008 904,796 1476,350 806,184 914,995 3064,861 715,723 462,921 921,553 1019,073 2407,302 U.S.Treasurer-general acct. 159,570 5,010 91,196 5,028 5,000 5,094 5,045 5,087 5,675 5,055 5,068 16,762 5,550 Foreign 475,479 28,l4o l/l43,4o8 34,237 42,679 23,450 20,167 65,660 17,822 11,725 17,822 22,043 48,326 Other 391,310 9,835 248,322 12,041 14,762 5,328 12,259 11,918 13,330 3,354 17,049 759 42,353 Total deposits 20,092,701 892,561 6,005,934 956,102 1538,791 840,056 952,466 3147,526 752,550 483,055 961,492 1058,637 2503,531 Deferred avail. cash items 3,634,593 315,803 665,151 221,444 336,623 281,131 268,759 571,539 142,834 109,622 191,605 173,759 356,323 Other liabilities and accrued dividends 14,880 712 5,539 686 1,432 609 511 2,420 410 533 413 546 1,069 TOTAL LIABILITIES 49,531,981 2786,150 12,482,721 2990,282 4261,789 2950,800 2586,185 8714,977 2057,217 1170,314 2171,694 1961,822 5398,030 Capital paid in 289,453 15,017 90,378 19,183 27,336 12,847 12,477 38,566 10,022 6,407 11,019 14,602 31,599 Surplus (Section 7) 660,901 40,309 188,070 47,773 60,222 33,480 29,480 96,566 26,619 16,918 24,755 29,985 66,724 Surplus (Section ljb) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o Other capital accounts 120,239 8,349 25,967 8,736 10,904 8,165 6,981 16,721 6,525 4,516 6,170 5,863 11,342 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,630,117 2852,836 12,794,455 3070,463 4361,257 3008,641 2635,885 8868,259 2100,904 1199,228 2214,775 2013,579 5509,835 ontingent liability on acceptances purchased for foreign correspondents 21,214 1,272 2/6,204 1,548 1,929 1,060 911 2,968 806 530 806 996 2,184 Industrial loan commitments 3,191 262 598 39 104 16 FEDERAL RESERVE AGENTS' ACCOUNTS 6*. R. note soutstanding 27,012,747 1661,881 6,084,924 1894,544 2519,365 1911,845 1448,281 5144,617 1211,457 619,769 1051,164 778,837 2686,063 lollateral for F.R. notes; Gold certificates 11,208,000 640,000 2,670,000 80800,00,0000 01 015005,00,00000 667755,,000000 550000,,000000 22440000,,000000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 48,954 8,809 2,720 — ~ 5,675 — --- 7,150 3,500 20,150 950 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 1620,000 Total collateral 28,396,954 1848,809 6,270,000 2002,720 2600,000 1980,675 1500,000 5300,000 1307,150 678,500 1100,150 808,000 3000,950 1/ After deducting $332,052,000 participations of other Federal Reserve Banks. 2/ After deducting $15,010,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis