H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) March 17, 1955 CONDITION OF THE FEDERAL RESERVE BAMS Member Bank Reserves and Related Items During the week ended March 16, Member bank reserves increased $839 million. The principal changes supplying reserves were decreases of $315 million in Treasury deposits with Federal Reserve Banks, $171 million in Other deposits with Federal Reserve Banks, $56 million in Foreign deposits with Federal Reserve Banks, and $15 million in Money in circulation,and an increase of $288 million in Reserve Bank credit. The only offsetting change was an increase of $12 million in Other F. R. accounts (net). At the end of the week, Member bank reserves amounted to $19,360 million of which $1,022 million were estimated as excess reserves. The increase of $288 million in Reserve Bank credit resulted from an increase of $407 million in Float and a decrease of $119 million in Loans, discounts and advances. Change since Member Bank Reserves March 16, March 9, March 17, and Related Items 1955 1955 1954 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 23,604 - - -978 Held under repurchase agreement Loans, discounts and advances 369 -119 +102 Float 1,028 +407 +173 Total 25,002 +288 -702 Gold stock 21,717 -247 Treasury currency outstanding 4,995 - + 75 Money in circulation 29,801 - 15 + 32 Treasury cash holdings 822 - 5 - l Treasury deposits with F. R. Banks 185 -315 +134 Foreign deposits with F. R. Banks 336 - 56 -192 Other deposits with F. R. Banks 246 -171 + 55 Other F. R. accounts (net) 965 + 12 + 46 Member bank reserves 19,360 +839 -947 Required reserves (estimated) 18,338 +288 -886 Excess reserves (estimated) 1,022 +551 - 61 Daily averages for period— Estimated excess reserves of member banks 619 + 90 -107 Member bank borrowings at F. R. Banks 375 + 4 +205 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,052 million, an increase of $81 million for the week and an increase of $325 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 FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since March l6, "March 9, ' March 17, 1955 1955 1954 A S S E TS Gold certificates 20,183,102 + 4,998 - 215,999 Redemption fund for F. R. notes 849,720 - 3,528 • 23,319 Total gold certificate reserves 21,032,622 + 1,470 - 239,318 F. R. notes of other Banks 207,094 + 1,611 + 47,242 Other cash 406,590 - 13,702 - 22,903 Discounts and advances 368,695 - 119,241 + 103,382 Industrial loans 698 + 223 841 - U. S. Government securities: Bought outright— . Bills 883,244 __ 977,731 Certificates 9,960,141 -- +3, 908,950 Notes 9,959,471 -3,069,550 - - Bonds 2,801,750 839,400 —«» - Total bought outright 23,604,606 — • - 977,731 Held under repurchase agreement Total U. S. Government securities 23,604,606 —— - 977,731 Total loans and securities 23,973,999 119,018 875,190 Due from foreign banks 22 —- *— Uncollected cash items 5,927,844 +2,212,526 + 470,759 Bank premises 55,997 + 459 + 3,155 Other assets 132,777 6,823 16,365 - - TOTAL ASSETS 51,737,145 +2,076,523 632,620 L I A B I L I T I ES Federal Reserve notes 25,556,397 31,864 13,841 - - Deposits: Member bank--reserve accounts 19,360,436 + 839,376 • 946,830 U. S. Treasurer--general account 185,245 - 314,893 + 134,055 Foreign 336,366 - 55,382 - 191,627 Other 245,617 - 171,307 + 55,045 Total deposits 20,127,664 + 297,794 - 949,357 Deferred availability cash items 4,899,638 +1,805,773 + 297,801 Other liabilities and accrued dividends 14,767 + 332 - 2,110 TOTAL LIABILITIES 50,598,466 +2,072,035 667,507 - C A P I T AL A C C O U N TS Capital paid in 293,586 + 115 + 23,634 Surplus (Section 7) 660,901 0 — + 35,888 Surplus (Section 13b) 27,543 — — Other capital accounts 156,649 + 4,373 - 24,635 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,737,145 +2,076,523 632,620 - Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.0# .3# + .4# - Contingent liability on acceptances purchased for foreign correspondents 29,031 + 30 + 19,839 Industrial loan commitments 3,180 105 24 - - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH l6, 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 263,432 117 " 236,55>0 16 to 90 days 38,596 17 2,333,060 91 days to 1 year 66,667 4?4 15,519,398 Over 1 year to 5 years -- 90 3,087,127 Over 5 years to 10 years -- -- 1,013,614 Over 10 years -- — 1,414,857 Digitized for FRASER Total 368,695 698 23,604,606 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH l6, 1955 H.4,1(b) tbouaanSs <sf dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kana.Cy. Dallas SanFran. Gold certificates 20,183,102 1027,836 5,597,620 1203,718 1672,498 1139,035 854,843 3703,097 793,763 370,847 809,537 723,639 2286,669 Redemption fund for F. R. notes 849,720 52,786 180,258 57,241 75,724 69,230 53,078 142.712 46,728 24.471 39,440 28,481 79,571 Total gold certificate reserves 21,032,822 1080,622 5,777,878 1260,959 1748,222 1208,265 907,921 3845,809 840,491 395,318 848,977 752,120 2366,240 F.R. notes of other Banks 207,094 7,853 39,050 6,457 11,138 8,915 74,215 16,944 6,773 3,159 4,366 10,441 17,783 Other cash 406,590 33,456 93,663 17,137 41,870 18,486 „ , 36,619 68,209 20,753 9,380 11,120 14,084 4i,8l3 Discounts and advances 368,695 14,400 53,027 30,422 21,617 15,758 27,612 86,898 6,973 45,787 45,526 5,113 15,562 Industrial loans 698 —— 607 — —— 91 U. S. Govt, securities; Bought outright-- Bills Certificates 883,244 48,735, - 44 2,92854,609 53,752 75,701 52,021 154,407 JUl 3 i 6 y( , 960 21,690 38,107 34,706 96,572 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 1089,022 Notes 9,959,471 549,544 2,543,968 606,113 853,596 586,593 507,246 1741,095 416,754 244,575 429,691 391,347 1088,949 Bo T nd o s t al Q Hli I # C A 1 C It Cnu Z 1 C f *0 C*T f j- If OU1 Af Tp?u AAy ALL C*VJ A 9 ^ ^ ^ f1*30 105,0 A1N r7t 14 ^ 2I. JH,09b YX F % ^v9> MA 7^ M9v 11 7^ ., JF2* 39 60 A A, ^802 - — _1 ' ^ 20,879 110,092 306.338 23,604,606 1302,455 6,029,372 1436,529 2023,080 1390,264 1202,206 4126,510 987,735 579,658 1018,397 927,519 2580,881 Held under repurchase agreement Total U. S. Government securities 23,604,606 1302,455 6,029,372 1436,529 2023,080 1390,264 1202,206 4126,510 987,735 579,658 1018,397 927,519 2580,881 Total loans and securities 23,973,999 1316,855 6,082,399 1467,558 2044,697 1406,022 1229,818 4213,408 994,708 625,536 1063,923 932,632 2596,443 Due from foreign banks 22 l l /6 2 2 1 1 3 1 1 1 1 2 Uncollected cash items 5,927,844 359,280 1,810,525 339,199 508,114 374,817 360,582 841,401 259,282 129,576 236,645 219,820 488,603 Bank premises 55,997 5,868 7,l8l 5,304 5,236 4,458 4,115 6,245 2,822 1,089 3,051 1,293 9,335 Other assets 132,777 6,959 32,317 7,687 11,247 7,735 7,219 24,201 5,742 3,162 5.643 6,469 14,396 TOTAL ASSETS 51,737,145 2810,894 13,843,019 3104,303 4370,526 3028,699 2620,490 9016,220 2130,572 1167,221 2173,726 1936,860 5534,615 Digitized for FRASER l/ After deducting $16,000 participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OP CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 16, 1955 1.4.1(c) (In thousands of dollars) I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St. Louis Mpls. Kans.Cy. Dallas SariFran. federal Reserve notes 25,556,397 1559,252 5,747,234 1791,120 2352,059 1819,121 1325,985 4963,836 1153,255 570,511 1017,185 716,961 2539,878 Deposits: Member bank-reserve accts. 19,360,436 836,156 5,823,340 900,045 1472,352 815,366 915,928 3143,884 725,618 441,609 911,503 956,500 2418,135 U.S.Treasurer-general acct. 185,245 561 177,261 1,630 515 555 516 507 543 521 538 538 1,560 Foreign 336,366 19,800 1/102,701 24,090 30,030 16,500 14,190 46,200 12,540 8,250 12,540 15,510 34,015 Other 245,617 3,287 162,309 9,812 6,779 2,939 1.222 2,727 7,460 869 4,985 1,193 42,035 Total deposits 20,127,664 859,804 6,265,611 935,577 1509,676 835,360 931,856 3193,318 746,161 451,249 929,566 973,741 2495,745 Deferred avail, cash items 4,899,638 322,472 1,503,509 294,222 404,312 313,507 310,417 695,972 185,554 115,113 181,675 192,074 380,811 Dther liabilities and accrued dividends 14,767 749 4,192 820 1,470 654 616 2,662 466 608 517 703 1.310 TOTAL LIABILITIES 50,598,466 2742,277 13,520,546 3021,739 4267,517 2968,642 2568,874 8855,788 2085,436 1137,481 2128,943 1883,479 5417,744 Capital paid in 293,586 15,207 91,044 19,359 27,852 13,130 12,712 38,842 10,200 6,493 11,210 14,976 32,561 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 Suiplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,34? 762 1,429 521 1,073 1,137 1,307 2,l4o Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,737,145 2810,894 13,843,019 3104,303 4370,526 3028,699 2620,490 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 28,406,148 1848,000 6,270,000 2022,635 2550,000 1985,425 1500,000 5300,000 1277,920 1/ After deducting $233,640,000 participations of other Federal Reserve Banks, 2/ After deducting $20,532,000 participations of other Federal Reserve Banks, 1 a 0 2130,572 1167,221 2173,726 1936,860 5534,615 29,031 1,740 2/8,499 2,117 2,639 1,450 1,247 4,060 1,102 725 1,102 1,363 2,987 3,180 -- 253 598 35 99 15 -- 2,180 FEDERAL RESERVE AGENTS' ACCOUNTS 26,501,635 1632,569 5,924,575 1859,566 2482,110 1875,524 1382,920 5069,194 1206,151 610,821 1046,641 759,136 2652,428 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 1380,000 133,148 8,000 — 22,635 — 10,425 2,920 43,120 41,473 -- 4,575 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 1620,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis