H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) February 10, 1955 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended February 9# Member bank reserves decreased $26l million. The principal changes reducing reserves were a decrease of $389 million in Reserve Bank credit and increases of $52 million in Foreign deposits with Federal Reserve Banks and $21 million in Money in circulation. The principal offsetting change was a decrease of $196 million in Treasury deposits with Federal Reserve Banks. At the end of the week member bank reserves amounted to $ 1 8 , 8 38 million, of which $544 million were estimated as excess reserves. The decrease of $389 million in Reserve Bank credit resulted from decreases of $345 million in Loans, discounts and advances and $133 million in Float, and an increase of $90 million in U. S. Government securities held under repurchase agreement. Change since Member Bank Reserves Feb. Feb. 2, Feb. 10, and Related Items 1955 1955 1954 (in millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright 23,902 -904 Held under repurchase agreement 114 + 90 + 57 Loans, discounts and advances 336 -345 -106 Float 522 -133 + 13 Total 24,873 -389 -942 Gold stock 21,715 + 1 -242 Treasury currency outstanding 4,989 + 1 + 87 Money in circulation 2 9 , 7 79 + 21 -144 Treasury cash holdings 830 - 4 + 12 Treasury deposits with F. R. Banks 307 -196 -331 Foreign deposits with F. R. Banks 471 + 52 - 2 Other deposits with F. R. Banks 4.57 + 2 +119 Other F. R. accounts (net) 895 - 3 + 67 Member bank reserves 18,838 -261 -816 Required reserves (estimated) 18,294 -115 -643 Excess reserves (estimated) 544 -146 -173 Daily averages for period-- Estimated excess reserves of member banks 666 +111 - 7 Member bank borrowings at F. R. Banks 435 + 34 + 75 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $ 2 , 8 66 million, a decrease of $18 million for the week and an increase of $189 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 - Feb. 9, Feb. 2, Feb. 10, 1955 1955 1954 A S S E TS Gold certificates 20,174,103 + 1 - 210,002 Redemption fund for F. R. notes 861,272 - 2,525 - 25,474 Total gold certificate reserves 21,035,375 - 2,524 - 235,476 F. R. notes of other Banks 212,840 + 161 + 44,783 Other cash 459,676 - 10,687 + 9,992 Discounts and advances 335,055 - 345,174 - 105,396 Industrial loans ( 521 - 56 1,327 U. S. Government securities: Bought outright-- Bills 1,180,644 - 903,931 — — Certificates 13,882,341 +8,065,800 — — Notes 6,037,271 -7,226,400 — — Bonds 2,801,750 - 839,400 - - Total bought outright 23,902,006 ' 903,931 Held under repurchase agreement 114,000 + 9 0 , 0 00 + 57,100 Total U. S. Government securities 24,016,006 + 90,000 - 846,831 Total loans and securities 24,351,582 255,230 - 953,554 Due from foreign banks 22 -- Uncollected cash items 3,634,689 254,626 + 136,020 - Bank premises 55,406 + 89 + 2,589 Other assets 176,934 + 6 , 9 69 - 28,507 TOTAL ASSETS 49,926,524 515,848 -1,024,153 - L I A B I L I T I ES Federal Reserve notes 25,613,682 + 3,723 - 157,909 Deposits: Member bank--reserve accounts 18,838,246 - 260,864 - 8l6,Ol6 U. S. Treasurer—general account 306,711 196,147 - 331,009 - Foreign 470,566 + 51,679 2,840 Other 457,216 + 2,575 + 119,270 Total deposits 20,072,739 - 402,757 -1,030,595 Deferred availability cash items 3,112,814 - 121,269 + 123,513 Other liabilities and accrued dividends 13,819 - 599 2,696 TOTAL LIABILITIES 48,813,054 - 520,902 -1,067,687 C A P I T AL A C C O U N TS Capital paid in 291,001 + 467 + 22,335 Surplus (Section 7) 660,901 *. + 35,888 Surplus (Section 13b) 27,543 — — •» Other capital accounts 134,025 + 4,587 14,689 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,926,524 515,848 -1,024,153 - Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.0% + .4$ + .6% Contingent liability on acceptances purchased for foreign correspondents 23,842 + 454 + 9,344 Industrial loan commitments 3,242 + 49 + 116 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. FEBRUARY 9, 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 220,414 m 4,320,100 16 to 90 days 34,621 93 986,544 91 days to 1 year 80,020 339 13,193,764 Over 1 year to 5 years 73 3,087,127 Over 5 years to 10 years 1,013,614 Over 10 years 1,414,857 Digitized for FRATSEoRt al 335,055 521 24,01b,00b http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 9, 1955 HA. 1(b) (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. A S S E TS Gold certificates 2 0 , 1 7 4 , 1 03 1018,172 5 , 3 3 5 , 5 59 1239,755 1697,368 1142,730 910,757 3632,398 809,835 424,627 833,631 7 7 0 , 2 90 2358,981 Redemption fund for 861,272 53,382 182,885 58,362 7 6 , 5 32 7 3 , 1 40 53,585 143,502 46,979 24,565 39,633 28,652 80,055 F. R. notes Total gold certificate 21,035,375 1071,554 5,518,444 1298,117 1773,900 1215,870 964,342 3775,900 856,814 449,192 873,264 798,942 2439,036 reserves F.R. notes of other Banks 212,840 11,042 46,694 6,771 11,980 18,712 60,130 14,841 7,459 3,605 5,344 8,108 18,154 Other cash 459,676 35,768 107,611 24,013 48,208 23,514 37,383 73,328 23,921 9,786 14,466 14,464 47,21% Discounts and advances 335,055 19,330 46,980 19,145 39,090 13,650 47,485 55,917 12,785 9 , 8 00 26,998 18,340 25,535 Industrial loans 521 427 94 U. S. Govt, securities: Bought outright— Bills 1, 1 8 0, 6 44 6 5 , 1 46 301,574 71,851 101,189 69,537 6 0 , 1 31 206,398 49,405 2 8 , 9 94 50,937 46,392 129,09c Certificates 13 882 341 765,999 3 , 5 4 5 , 9 94 844,852 1189,814 817,643 707,042 2426,883 580,906 340,909 5 9 8, 9 40 545,492 1517,86 ( Notes 6*,037,271 333,125 1 , 5 4 2 , 1 12 367,416 517,436 355,583 307,484 1055,424 252,630 148,257 260,472 237,229 660,10; Bonds 2 , 8 0 1 , 7 50 154,595 715,657 170,509 240,130 165,017 142,696 489,796 117,239 6 8 , 8 02 120,879 110,092 306,33% Total 2 3 , 9 0 2 , 0 06 1318 865 6,105^337 1454 628 2048,569 1407/700 1217,353 4170,501 1000,180 506,962 1031,220 939,205 2613,39% Held under repurchase agreement 114,000 114,000 Total U. S. Government securities 24,016,006 1318,865 6,219,337 1454,628 2048,569 1407,780 1217,353 4178,501 1000,180 5 8 6 , 9 62 1031,228 939,205 2613,39* >Total loans and securities 2 4 , 3 5 1 , 5 82 1338,195 6 , 2 6 6 , 3 17 1474,200 2087,659 1421,430 1264,838 4234,418 1012,965 596,856 1058,226 957,545 2638,93; Due from foreign banks 22 l l/ 6 2 2 1 1 3 1 1 1 1 ' Uncollected cash items 3,634,689 276,845 6497262 231,132 325,194 313,745 294,923 564,997 164,139 97,204 179,568 177,905 359,77; Bank premises 55,406 5,899 7 , 1 30 5,235 5,254 4 , 4 76 3,865 6,261 2,827 1,001 2 , 9 76 1,265 9,21I Other assets 176,934 9,275 44,385 10,313 15.118 10,325 9 , 6 03 32,064 7,534 4 , 2 51 7,493 7,458 19,11! TOTAL ASSETS 4 9, 9 2 6, 5 24 2748,579 12,639,849 3049,783 4267,315 3008,073 2635,085 8701,812 2075,660 1161,896 2141,338 1965,688 5531,44( 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 FEBRUARY 9, 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 2 5 , 6 1 3 , 6 82 1560,601 5,755,663 1799,326 2364,049 1821,218 1353,117 4963,820 1153,450 571,790 1015,327 7 2 1 , 2 61 2534,06c Deposits: Member bank-reserve accts. 18,838,246 809,439 5,513,597 911,022 1441,604 809,798 910,236 2984,400 696,554 439,299 881,915 994,491 2445,891 U.S.Treasurer-general acct. 306,711 20,113 23,320 20,893 31,907 22,791 25,966 49,691 15,719 20,958 29,968 16,265 29,12C ForeIgn 470,566 26,880 1/153,363 32,704 40,768 22,400 19,264 62,720 17,024 11,200 17,024 21,056 46,16; Other 457,216 6,019 371,544 9,900 7,054 3,823 3,062 2 , 0 39 6,143 1,463 2,539 1,717 41,913 Total deposits 20,072,739 862,451 6,061,824 974,519 1521,333 858,812 958,528 3098,850 735,440 472,920 931,446 1033,529 2563,087 Deferred avail, cash items 3,112,814 257,453 502,584 194,105 279,584 268,559 272,408 4 8 0 , 5 98 141,982 87,543 150,314 158,057 319,621 Other liabilities and accrued dividends 13,819 682 3,835 695 1,614 698 596 2,413 529 421 489 525 1,322 TOTAL LIABILITIES 4 8 , 8 1 3 . 0 54 2681,187 1 2 , 3 2 3 , 9 06 2968,645 4 1 6 6 , 5 80 2949,287 2584,649 8545,681 2031,401 1132,674 2097,576 1913,372 5418,096 Capital paid in 2 9 1 , 0 01 15,074 90,594 19,295 27,465 13,042 12,567 38,819 10,091 6,462 1 1 , 1 36 14,706 31,75C Surplus (Section 7) 6 6 0 , 9 01 4 0 , 3 09 188,070 47,773 6 0 , 2 22 33,480 29,480 96,566 26,619 1 6 , 9 18 24,755 29,985 66,724 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 Other capital accounts 134,025 8 , 9 98 2 9 , 9 60 9,581 12,042 8,915 7,627 19,317 7,028 4,769 6,734 6,318 12,736 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 4 9 , 9 2 6 , 5 24 2748,579 12,639,849 3049,783 4267,315 3008,073 2635,085 8701,812 2075,660 1161,896 2 1 4 1 , 3 38 1965,688 5531,446 Contingent liability on acceptances purchased for foreign correspondents 23,842 1,428 2/6,992 1,737 2,166 1,190 1,023 3,332 904 595 904 1,119 2,452 Industrial loan commitments 3,242 313 598 35 101 15 2,180 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,675,05^1645,420 5 , 9 7 2 , 3 21 1879,577 2501,125 1881,778 1419,790 5097,400 1204,796 615,135 1044,966 767 ,623^2645, 122 Collateral for F.R. notes: Gold certificates 1 1 , 2 0 8 , 0 00 640,000 2 , 6 7 0 , 0 00 800,000 1050,000 675,000 500,000 2400,000 355,000 175,000 280,000 283,000 1380,00C Eligible paper 80,803 12,130 10,385 7,650 8,225 6,800 22,438 13,175 U. S. Govt, securities 1 7 , 0 6 5 , 0 00 1200,000 3 , 6 0 0 , 0 00 1200,000 1500,000 1300,000 1000,000 2900,000 920,000 500,000 8 0 0 , 0 00 525,000 1620,00c Total collateral 2 8 , 3 5 3 , 8 03 1852,130 6 , 2 7 0 , 0 00 2010,385 2 5 5 0 , 0 00 1982,650 1500,000 5300,000 1283,225 6 8 1 , 8 00 1 1 0 2 , 4 38 808,000 3013,175 1/ After deducting $317,184,000 participations of other Federal Reserve Banks. 2/ After deducting $ 1 6 , 8 5 0 , 0 00 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis