H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOA E DOF GOVERNORS OF THE FEDERA LRESERVE SYSTEM (For Immediate Release) February 17, 1955 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended February l6, Member ban kreserves increased $65 million. The principal changes supplying reserves were an increase of $198 million in Reserve Bank credit and decreases of $4] million in Foreign deposits with Federa lReserve Banks, $38 millio nin Other deposit swith Federal Reserve Banks, and $36 million in Mone yin circulation. The principal offsetting changes were increases of $188 millio nin Treasury deposits with Federa lReserve Banks and $63 million in Other F. R. accoun t(snet). At the end of the week Member bank reserves amounted to $18,903 million ,of which $64 8million were estimated as exces sreserves. The increase of $198 millio nin Reserve Bank credit resulted from increases of $28l million in Floa tand $200 million in Loans ,discounts and advances, and decreases of $170 million in U. S. Government securities bought outright and $114 million in U. S. Government securities held under repurchase agreement. Total holdings of D. S. Government securities bought outright reflected a decrease of $170 million in bills .Certificates decreased $3,92 2million and notes increased a like amount, reflecting the exchange of maturin gcertificates for the new issue of 13-month notes. Change since Member Bank Reserves Feb. 16, Feb. 9, Feb . 17. and Related Items 1955 1955 1954 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 23,732 -170 -1,074 Held under repurchase agreement -114 - - — — Loans, discounts an dadvances +200 536 + 243 Float +281 803 + 5 Total +198 826 25,071 - Gold stock 21,715 — — - 242 .Treasury currency outstanding 4,989 + 84 -- Money in circulation 78 29,743 - 36 - Treasury cash holdings 10 Treasury deposits with F. R. Banks 830 +1 — — 8 8 + 495 38 - Foreign deposits with F. R. Banks 428 - >3 54 - Other deposits with F. R. Banks 419 - 38 + 73 Other F. R. account s(net) 958 + 63 + 46 Member bank reserves + 65 942 18,903 " Required reserves (estimated) 18,255 - 41 666 Excess reserves (estimated) 648 +106 276 - Daily averages for period— Estimated excess reserves of member banks 529 -135 124 Member bank borrowings at F. R. Banks 267 -168 34 - U. S. Government securities held in custody b ythe Federal Reserve Banks for foreign account were $2,978 million, an increase of $112 million for the week and an increase of $288 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 FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change; since Feb. 16, Feb. 9, Feb. 17, 1955 1955 1954 A S S E TS . Gold certificates 20,174,102 1 - 209,999 Redemption fund for F. R. notes 860,937 335 22,291 - Total gold certificate reserves 21,035,039 336 - 232,290 - F. R. note sof other Ban^s 215,032 + 2,192 + 33,407 Other cash 455,093 4,583 + 1,552 - Discounts and advances 535,214 + 200,159 + 243,983 Industrial loans 517 4 1,329 U. S. Government securities: Bought outright-- Bills 1,010,644 170,000 -1,073,931 Certificates 9,960,141 -3,922,200 +3,908,950 Notes 9,959,471 +3,922,200 -3,069,550 Bonds 2,801,750 - 839,400 - - Total bought outright 23,732,005 170,000 -1,073,931 - Held under repurchase agreement 114,000 - — - Total U. S. Government securities 23,732,006 284,000 -1,073,931 - Total loans and securities 24,267,737 83,845 - 831,277 - Due from foreign banks 22 - - — — Uncollected cash items 4,750,621 +1, 115,932 + 52,041 Bank premises 55,546 + 140 + 2,6i4 Other assets 119,436 57,498 9,647 - TOTAL ASSETS + 972,002 - 983,600 L I A B I L I T I ES Federal Reserve notes 25,573,564 40,118 - 108,259 - Deposits: Member bank--reserve accounts 18,903,039 64,793 - 941,828 U. S. Treasurer—general account 494,625 + 187,914 - 38,833 Foreign 427,600 42,966 - 54,490 - Other 418,603 38,613 + 72,997 - Total deposits 20,2531857 + 171,128 - 962,154 Deferred availability cash items 3,947,722 + 834,908 + 47,342 Other liabilities and accrued dividends 14,047 + 228 2,343 TOTAL LIABILITIES 49,779,200 + 966,146 -1,025,414 C A P I T AL A C C O U N TS Capital paid in 292,117 + 1,116 + 22,802 Surplus (Section 7) 660,901 + 35,888 — — Surplus (Section 13b) 27,543 * - -- Other capital accounts 138,765 + 4,740 - 16,876 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,898,526 + 972,002 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 45.9$ .1% + .5# - Contingent liability on acceptances purchased for foreign correspondents 25,095 + 1,253 + 12,344 Industrial loan commitments 3,245 + 3 + 110 MATURITY DISTRIBUTION OF LOAN SAND SECURITIES, FEBRUARY l6, 1955 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximu mmaturity of the agreements.) Discounts and Industrial U. S. Government advances loans securities Within 15 days 378,268 15 286,800 16 to 90 days 76,926 96 2,410,210 91 days to 1 year 80,020 334 11,507,398 Over 1 year to 5 years 72 7,099,127 - - Over 5 years to 10 years 1,013,614 - - - - Over 10 years 1,414,857 — — -» mm Digitized for FRATSoEtRa l 535,214 517 23,732,006 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITIO NOF THE FEDERA LRESERVE BANKS ON FEBRUARY l6 ,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 Mple. Kans.Cy. Dallas SanFran Gold certificates 20,174,102 995,805 5,401,297 1224,452 1699,405 1114,880 869,042 3644,109 794,801 439,718 819,857 764,949 2405,781 Redemption fund for F. R. notes 860,937 53,360 182,774 58,350 76,503 73,125 53,566 143,450 46,968 24,558 39,623 28,642 8o,Qif Total gold certificate reserves 21,035,039 1049,165 5,584,071 1282,80a 1775,908 1188,005 922,608 3787,559 841,769 464,276 859,480 793,591 2485,80; F.R. notes of other Banks 215,032 10,459 45,327 6,319 11,728 15,978 65,885 15,760 7,230 3,066 6,895 9,518 16,861 Other cash 455,093 36,222 104,626 23,487 44,911 23,084 40,642 72,365 23,702 9,793 l 4 , l ll 14,509 47,64] Discounts and advances 535,214 21,205 86,225 22,795 43,875 41,025 33,885 124,017 28,485 27,975 59,602 13,540 32,58; Industrial loans 517 424 93 U. S. Govt, securities: Bought outright— Bills 1,010,644 55,764 258,151 61,505 86,620 59,525 51,473 176,679 42,291 24,819 43,6o4 39,712 110,50] Certificates 9,960,141 549,581 2,544,138 606,155 853,653 586,633 507,280 1741,212 416,782 244,591 429,720 391,374 1089,02: 606,113 429,691 Notes 9,959,471 549,544 2,543,968 853,596 586,593 507,246 1741,095 416,754 244,575 391,347 1088,94< Donas c.y OUlj f 2v f Ly y Op f i. ( \J y y C-H-yJy JLJ) Ui-U^ y vj J. [ \jyiJ H-ijy y ( J7Uu v,uvc -L^v, V fJ Ly 1. V\ J y yC. .jvv j Total 23,732,006 1309,404 6,061,914 1444,282 2033,999 1397,768 1208,695 4148,782 993,066 582,787 1023,094 932,525 2594,8l( Held under repurchase agreement Total U. S. Government securities 23,732,006 1309,484 6,061,914 1444,282 2033,999 1397,768 1208,695 4148,782 993,066 582,787 1023,894 932,525 2594,8l( Total loans and securities 24,267,737 1330,689 6,148,139 1467,501 2077,874 1438,793 1242,580 4272,799 1021,551 610,855 1083,496 946,065 2627,39; Due from foreign banks 22 1 1 /6 2 2 1 13 l 1 Uncollected cash items 4,750,621 354,727 869,122 278,177 446,560 373,885 360,708 833,775 189,714 118,234 209,719 253,025 462,97; Bank premises 55,546 5,901 7,142 5,265 5,254 4,476 3,865 6,262 2,827 1,001 2,986 1,265 9,302 Other assets 119,436 6,427 28,935 6,804 9,963 6,916 6,687 21,916 5,121 2,857 4,993 5,872 12,94; TOTAL ASSETS 50,898,526 2793,591 12,787,368 3070,357 4372,200 3051,138 2642,976 9010,439 2091,915 1210,083 2181,681 2023,846 5662,93: l/ After deducting $16,000 participation sof other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITIO NOF THE FEDERA LRESERVE BANKS ON FEBRUARY 16, 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 SanFxan. Federal Reserve notes 25,573,564 1557,243 5,748,223 1796,846 2362,339 1817,820 1347,424 4960,875 1152,467 569,548 1013,377 721,224 2526,175 Deposits: Member bank-reserve accts.1 8,903,039 785,217 5,506,223 871,937 1431,179 787,832 880,951 3112,367 679,311 460,824 907,810 979,914 2499,474 30,366 21,691 U.S.Treasurer-general acct 494,625 34,077 58,647 43,176 52,295 41,796 30,935 56,597 35,135 42,206 47,704 Foreign 427,600 25,200 1/130,221 30,660 38,220 21,000 18,060 58,800 15,960 10,500 15,960 19,740 43,275 Other 3,479 1,184 43,097 Total deposits 20,243,867 849,419 6,032,844 955,013 1527,533 852,744 930,945 3229,986 736,640 503,205 948,940 1043,044 2633,554 Deferred avail, cash items 3,947,722 318,587 684,976 236,353 379,613 320,915 313,404 659,998 157,923 107,543 174,879 206,186 387,345 Other liabilities and accrued dividends 14,047 615 4,046 711 1,567 611 540 2,602 476 453 509 680 1,231 TOTAL LIABILITIES 49,779,200 2725,864 12,470,089 2988,923 4271,052 2992,090 2592,313 8853,461 2047,506 1180,749 2137,705 1971,134 5548,314 90,683 13,061 12,582 10,098 Capital paid in 292,117 15,129 19,316 27,491 38,823 6,468 11,172 14,944 32,35C 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 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 9,278 9,856 9,158 20,160 6,912 6,476 Other capital accounts 138,765 31,207 12,429 7,839 7,171 4,875 13,404 TOTAL LIABILITIES AND 50,898,526 12,787,368 2181,681 CAPITAL ACCOUNTS 2793,591 3070,357 4372,200 3051,138 2642,976 9010,439 2091,915 1210,083 2023,846 5662,932 Contingent liability on acceptances purchased for foreign correspondents 25,095 1,566 2/6,616 1,905 2,375 1,305 1,122 3,654 992 653 992 1,227 2,685 Industrial loan commitments 3,245 316 598 35 101 15 2,180 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,633,280 1641,195 5,957,943 1878,638 2497,501 1884,649 1413,952 5091,216 1200,178 614,901 1043,744 767,269 2642,094 Collateral for F.R. notes: Gold certificates 11,208,000 64o,ooo 2,670,000 80800,000,00 1000 5100,5000,0000 667755,,000000 550000,,000000 22440000,,000000 355,000 175,000 280,000 283,000 1380,00c Eligible paper 186,923 14,005 14,035 — 35,025 -- — 23,616 24,975 55,042 20,22= U. S. Govt, securities 17,065,000 1200,000 3,600,000 1200,000 1500,000 1300,000 1000,000 2900,000 920,000 500,000 800,000 525,000 l620,00C Total collateral 28,459,923 1854,005 6,270,000 2014,035 2550,000 2010,025 1500,000 5300,000 1298,616 699,975 1135,042 808,000 3020,22= l/ After deducting $297,360,000 participations of other Federa lReserve Banks. 2/ After deducting $18,479,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis M