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 24, 1955 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 23, Member bank reserves decreased $772 million. The principal changes reducing reserves were increases of $570 million in Treasury deposits with Federal Reserve Banks, $160 million in Other deposits with Federal Reserve Banks, $15 million in Foreign deposits with Federal Reserve Banks, and $11 million in Treasury cash holdings, and a decrease of $98 million in Reserve Bank credit. The principal offsetting change was a decrease of $82 million in Money in circulation. At the end of the week, Member bank reserves amounted to $18,588 million of which $483 million were estimated as excess reserves. The decrease of $98 million in Reserve Bank credit resulted from a decrease of $265 million in Float and an increase of $167 million in Loans, discounts and advances. Change since Member Bank Reserves March 23, March 16, March 24, and Related Items 1955 1955 1954 (in millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 23,604 -1,028 Held under repurchase agreement - 73 Loans, discounts and advances 536 +167 + 186 Float 763 -265 + 194 Total 24,904 - 98 - 721 Gold stock 21,718 + 1 246 - Treasury currency outstanding 4,995 + 70 Money in circulation 29,719 - 82 + 87 Treasury cash holdings 833 + 11 + 23 Treasury deposits with F. R. Banks 755 +570 + 216 Foreign deposits with F. R. Banks 351 + 15 - 166 Other deposits with F. R. Banks kc6 +160 + 48 Other F. R. accounts (net) 964 - 1 + 45 Member bank reserves 18,588 -772 -1 ,151 Required reserves (estimated) 18,105 -233 * 764 Excess reserves (estimated) 483 -539 387 • Daily averages for period-- Estimated excess reserves of member banks 657 + 38 23 Member bank borrowings at F. R. Banks 527 +152 + 365 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,057 million, an increase of $5 million for the week and an increase of $290 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 23, March 16, March 24, 1955 1955 1954 A S S E TS Gold certificates 20,178,100 5,002 - 231,003 Redemption fund for F. R. notes 851,459 + 1,739 - 21,465 Total gold certificate reserves 21,029,559 - 3,263 - 252,468 F. R. notes of other Banks 216,005 + 8,911 + 46,748 Other cash 412,095 + 5,505 - 26,760 Discounts and advances 53^,934 + 166,239 + 186,415 Industrial loans 675 - 23 960 U. S. Government securities: Bought outright— Bills 883,244 -1,027,731 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 - » -1,027,731 Held under repurchase agreement - - - 73,000 Total U. S. Government securities 23,604,606 - - -1,100,731 Total loans and securities 24,140,215 + 166,216 - 915,276 Due from foreign banks 22 — * Uncollected cash items 4,548,136 -1,379,708 + 486,055 Bank premises 56,071 + 74 + 3,187 Other assets 138,891 + 6,114 - 18,065 TOTAL ASSETS 50,540,994 -1,196,151 - 676,579 L I A B I L I T I ES Federal Reserve notes 25,496,706 59,691 + 53,212 - Deposits: Member bank—reserve accounts 18,588,351 772,085 -1,150,629 U. S. Treasurer—general account 755,080 + 569,835 + 216,484 Foreign 350,946 + 14,580 - 166,338 Other 406,281 + 160,664 + 48,533 Total deposits 20,100,658 27,006 -1,052,150 • Deferred availability cash items 3,784,748 -1,114,890 + 291,921 Other liabilities and accrued dividends 15,430 + 663 2,920 TOTAL LIABILITIES 49,397,542 -1,200,924 - 709,937 C A P I T AL A C C O U N TS Capital paid in 293,758 + 172 + 23,772 Surplus (Section 7) 660,901 + 35,888 - - Surplus (Section 13b) 27,543 - w •» Other capital accounts 161,250 + 4,601 - 26,302 TOTAL LIABILITIES AND CAPITAL ACCOUNTS -1,196,151 - 676,579 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.1# + .1$ + .4$ Contingent liability on acceptances purchased for foreign correspondents 28,796 235 + 19,042 Industrial loan commitments 3,359 + 179 + 282 MATURITY DISTRIBUTION OF LOANS AND SECURITIES ,MARCH 23, 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 432,690 111 206,750 16 to 90 days 35,577 5 . 2,362,860 91 days to 1 year 66,667 39#\ 15#519#398 Over 1 year to 5 years -- l6±-O 3,087,127 Over 5 years to 10 years -- -- 1,013,6l4 Over 10 years »- -- 1,414,857 Digitized for FRATSoERta l 534,934 675 23,604,606 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 23, 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 %ls. Kans.Cy. Dallas SanFran. Gold certificates 20,178,100 1025,353 5,400,571 1229,540 1726,322 1171,610 845,042 3477,649 810,953 394,938 852,542 804,954 2438,626 Redemption fund for F. R. notes 851,459 52,571 179,707 56,841 75.433 68,282 52,898 147,414 46,648 24,442 39,380 28,424 79,419 Total gold certificate reserves 21,029,559 1077,924 5,580,278 1286,381 1801,755 1239,892 897,940 3625,063 857,601 419,380 891,922 833,378 2518,045 F.R. notes of other Banks 216,005 7,134 40,608 7,007 12,228 8,587 76,405 15,702 7,167 3,895 6,322 12,498 18,452 Other cash 412,095 33,401 93,710 l6,6o4 44,896 18,047 36,233 68,194 21,150 9,017 11,691 14,982 44,170 Discounts and advances 534,934 16,466 60,708 26,578 32,468 18,642 35,768 205,427 15,022 34,288 52,292 21,437 15,838 Industrial loans 675 584 91 U. S. Govt, securities: Bought outright— Bills 883,244 48,735 225,609 53,752 75,701 52,021 44,984 154,407 36,960 21,690 38,107 34,706 96,572 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)022 Notes 9,959,471 549,544 2,543,968 606,113 853,596 586,593 507,246 1741,095 416,754 844,575 429,691 391,347 1088,949 Bonds Total 23,604,606 1302,455 6,029,372 1436,529 2023,060 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 24,140,215 1318,921 6,090,080 1463,691 2055,548 1408,906 1237,974 4331,937 1002,757 614,037 1070,689 948,956 2596,719 Due from foreign banks 22 1 I/ 6 2 2 1 1 3 1 1 1 1 2 Uncollected cash items 4,548,136 325,465 256,253 492,634 406,424 354,078 683,946 105,204 248,460 436,645 855,597 168,715 214,715 Bank premises 56,071 5,868 7,184 5,299 5,224 4,440 4,112 6,245 2,822 1,089 3,072 1,293 9,423 Other assets 138,891 7,266 33,850 8,075 11,799 8,132 7,520 25.349 6,015 3,284 5,780 6,691 15,130 TOTAL ASSETS 2066,228 5638,586 50,540,994 2775,980 12,701,313 3043,312 4424,086 3094,429 2614,263 8756,439 1155,907 2204,192 2066,259 $16,000 Digitized for FRASER 1/ After deducting participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDEPAL PESERVE BANKS OB MARCH 23, 1955 H.4.1(c) (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Lallae SanFr&n. L I A B I L I T I ES Federal Reserve notes 25,496,706 1556,808 5,740,475 1789,295 2343,677 1819,957 1313,621 4960,313 1148,786 570,179 1013,820 713,580 2526,195 Deposits: 886,012 2860,296 678,616 426,168 899,154 2474,469 Member "bank-reserve accts. 18,588,351 783,245 5,487,997 883,879 1425,086 787,398 996,031 755,080 50,602 159,920 83,831 U.S.Treasurer-general acct. 52,729 90,136 34,532 67,310 61,874 30,659 25,744 54,108 43,635 20,580 1/108,077 48,020 13,034 8,575 13,034 Foreign 350,9^6 25,039 31,213 17,150 14,749 16,121 35,354 2,656 1,527 6,762 6,811 1,264 3,411 Other 406,281 321,766 11,183 5,690 2,671 1,150 41,390 20,100,658 859,210 6,007,976 869,093 952,890 969,707 Total deposits 954,633 1529,299 3074,998 729,120 461,751 1056,937 2635,044 290,358 Deferred avail, cash items 3,784,748 624,951 215,792 446,114 344,300 295,197 557,032 142,457 93,559 175,099 241,403 358,486 Other liabilities and accrued dividends 15,430 770 4,186 757 1,613 771 726 2,686 508 561 565 799 1,488 TOTAL LIABILITIES 49,397,542 2707,146 12,377,588 2960,477 4320,703 3034,121 2562,434 8595,029 2020,871 1126,050 2159,191 2012,719 5521,213 Capital paid in 293,758 15,213 91,108 19,360 27,843 13,132 12,717 38,913 10,203 6,493 11,215 14,976 32,585 Surplus (Section 7) 660,901 40,309 188,070 #7,773 60,222 33,480 29,480 96,566 26,619 16,918 24,755 29,985 66,724 3,011 4,489 1,006 762 1,073 Surplus (Section 13b) 27,543 7,33.9 3,349 1,429 521 1,137 1,307 2,l4c 37,22& 8,870 8,014 7,272 15,924 Other capital accounts 161,250 10,301 11,213 14,312 10,347 24,502 5,373 7,894 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,540,994 2775,980 12,701,313 3043,312 4424,086 3094,429 2614,263 8756,439 2066,228 1155,907 2204,192 2066,259 5638,586 Contingent liability on acceptances purchased for foreign correspondents 28,796 1,728 2/8,406 2,102 2,621 l,44o 1,238 4,032 1,094 720 1,094 1,354 2,967 276 Industrial loan commitments 3,359 598 33 97 15 2,340 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,451,763 1625,576 5,920,302 1855,915 2473,435 1876,239 1375,245 5072,504 1202,296 609,848 1041,281 755,936 2643,186 Collateral for F.R. notes: 11,008,000 640,000 2,670,000 800,000 1050,000 675,000 500,000 2200,000 355,000 175,000 280,000 283,000 1380,00c Gold certificates 143,006 10,866 6,225 Eligible paper 19,765 13,975 11,475 31,955 48,745 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 1620,00C 28,216,006 1850,866 6,270,000 2019,765 2550,000 1988,975 1500,000 5100,000 1286,475 705",955" 1128,745 808,000 3006,225 Total collateral l/ After deducting $242,844,000 participations of other Federal Reserve Banks. 2/ After deducting $20,390,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis