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 31, I955 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 30, Member bank reserves decreased $200 million. The principal changes reducing reserves were increases of $96 million in Treasury deposits with Federal Reserve Banks, $31 million in Other deposits with Federal Reserve Banks, and $19 million in Money in circulation, and a decrease of $56 million in Reserve Bank credit. At the end of the week, Member bank reserves amounted to $18,388 million of which $44l million were estimated as excess reserves. The decrease of $56 million in Reserve Bank credit resulted from a decrease of $211 million in Float and an increase of $156 million in Loans, discounts and advances. Change since Member Bank Reserves March 30, March 23, March 31, 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 Loans, discounts and advances 692 +156 + 544 Float 552 -211 + 17 Total 24,848 - 56 468 Gold stock 21,719 + 1 - 246 Treasury currency outstanding 4,997 + 2 + 62 Money in circulation 29,738 + 19 + 31 Treasury cash holdings 829 - 4 + 10 Treasury deposits with F. R. Banks 851 + 96 + 129 Foreign deposits with F. R. Banks 356 + 5 - 138 Other deposits with F. R. Banks 437 + 31 + 74 Other F. R. accounts (net) 964 -- + 47 Member bank reserves 18,388 -200 - 806 Required reserves (estimated) 17,947 -157 - 742 Excess reserves (estimated) 441 - 43 - 64 Daily averages for period-- Estimated excess reserves of member banks 417 -241 - 315 Member bank borrowings at F. R. Banks 652 +125 + 477 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,068 million, an increase of $11 million for the week and an Increase of $284 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 30, March 23, March 31, 1955 1955 1954 A S S E TS Gold certificates 20,178,103 + 3 220,999 Redemption fund for F. R. notes 848,824 2,635 - 30,152 Total gold certificate reserves 21,026,927 2,632 251,151 - - F. R. notes of other Banks 202,052 13,953 4 46,922 - Other cash 410,052 - 2,043 - 17,423 Discounts and advances 691,086 + 156,152 4 • 544,222 Industrial loans 521 154 - 949 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 Total U. S. Government securities 23,604,606 - - - 1,027,731 Total loans and securities 24,296,213 + 155,998 . 484,458 Due from foreign banks 22 „ - » mm Uncollected cash items 3,789,790 - 758,346 - 55,094 Bank premises 55,964 107 + 3,054 - Other assets 144,624 + 5,733 - 20,073 TOTAL ASSETS 49,925,644 615,350 778,223 • - L I A B I L I T I ES Federal Reserve notes 25,490,568 - 6,138 + 3,993 Deposits: Member bank--reserve accounts 18,387,826 200,525 806,366 • U, S. Treasurer--general account 851,306 + 96,226 + 129,252 Foreign 355,779 + 4,833 - 138,022 Other 437,412 + 31,131 + 74,520 Total deposits 20,032,323 68,335 740,616 - - Deferred availability cash items 3,238,206 546,542 71,390 - - Other liabilities and accrued dividends 16,390 + 960 - 1,691 TOTAL LIABILITIES 48,777,487 620,055 809,704 ~ C A P I T AL A C C O U N TS Capital paid in 293,904 + 146 + 23,696 Surplus (Section 7) 660,901 •» — + 35,888 Surplus (Section 13b) 27,543 — — e* mm Other capital accounts 165,809 + 4,559 28,103 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,925,644 • 615,350 - 778,223 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.256 + .1% + .2$ Contingent liability on acceptances purchased for foreign correspondents 29,134 + 338 + 16,218 Industrial loan commitments 3,513 154 556 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 30, 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 588,203 109 196,200 16 to 90 days 49,550 5 2,373,410 91 days to 1 year 53,333 247 15,519,398 Over 1 year to 5 years 160 3,087,127 Over 5 years to 10 years 1,013,614 DigitOizevde fro r1 F0R yASeEaRr s . 1,414,85 http://fraser.sTtloouitsafeld .org/ 691,086 Federal Reserve Bank of St. Louis 521 23,604,60i

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 30, 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 Mpls. KSans.Cy. Dallas SanFran. Gold certificates 20,178,103 1028,185 5,608,626 1281,834 1767,394 1159,423 858,277 3345,716 807,737 375,033 802,024 802,160 2341,694 Redemption fund for F. R. notes 848,824 52,423 179,217 56,561 75,230 67,352 52,772 147,219 46,594 24,423 39,335 28,385 79,313 Total gold certificate reserves 21,026,927 1080,608 5,787,843 1338,395 1842,624 1226,775 911,049 3492,935 854,331 399,456 841,359 830,545 2421,007 F.R. notes of other Banks 202,052 6,933 35,614 7,807 11,322 8,643 70,941 15,507 6,362 4,295 6,398 9,415 18,815 Other cash 410,052 33,181 88,680 16,596 42,728 18,334 37,666 69,065 21,120 10,900 11,331 15,390 45,061 Discounts and advances 691,086 18,728 93,688 23,253 42,443 42,527 26,263 271,292 7,267 39,608 59,342 10,987 55,688 Industrial loans 521 430 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 1741,095 416,754 244,575 429,691 391,347 1088,945 Bonds 2,801,750 154,595 715,657 170,509 240,130 165,017 142,696 489,796 117,239 68,802 120,879 110,092 306,33f Total Held under repurchase agreement Total U. S. Government securities 23,604,606 1302,455 6,029,372 1436,529 2023,080 1390,2(54 1202,206 4126,510 987,735 579,658 1018,397 927,519 2580,881 Total loans and securities 24,296,213 1321,183 6,123,060 1460,212 2065,523 1432,791 1228,469 4397,802 995,002 619,357 1077,739 938,506 2636,56$ Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 1 2 Uncollected cash items 3,789,790 289,448 701,253 231,657 371,424 282,841 294,572 619,421 149,490 101,006 211,055 192,557 345,066 Bank premises 55,964 5,834 7,186 5,249 5,221 4,440 4,108 6,240 2,816 1,082 3,072 1,293 9,42: Other assets 144,624 7,603 35,206 8.472 12,438 8,591 7,829 26.216 6,256 3,431 5,991 6,876 15,715 TOTAL ASSETS 49,925,644 2744,791 12,778,848 3068,390 4351,282 2982,416 2554,635 8627,189 2035,378 1139,528 2156,946 1994,583 5491,656 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 OH MARCH 30, 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. Kana.Cy. Dallas SaiiFrai Federal Reserve notes 25,490,568 1557,259 5,746,319 1785,736 2340,301 1824,319 1307,523 4958,452 1150,425 568,500 1019,148 710,774 2521,8] Deposits: Member bank-reserve accts. 18,387,826 749,176 5,532,086 889,889 1441,559 765,372 857,764 2824,979 659,857 412,040 859-234 960,334 2435,5; U.S.Treasurer-general acct. 851,306 78,416 146,617 69,165 106,430 63,873 69,929 105,900 38,511 29,176 42^570 74,729 25,9< Foreign 355,779 20,940 1/108,662 25,477 31,759 17,450 15,007 48,860 13,262 8,725 13,262 16,403 35,91 Other 437,412 2,166 351,154 10,028 6,954 3,021 1,470 3,271 7,036 1,126 4,727 1,137 45.32 Total deposits 20,032,323 850,698 6,138,519 994,559 1586,702 849,716 944,170 2983,010 718,666 451,067 919,793 1052,603 2542,8% Deferred avail, cash items 3,238,206 266,943 564,535 204,162 318,726 246,917 250,234 520,640 120,191 89,477 172,232 176,632 307,5] Other liabilities and accrued dividends 16,390 845 4,523 822 1,797 855 677 2,750 579 510 577 848 l,6( TOTAL LIABILITIES 48,777,487 2675,745 12,453,896 2985,279 4247,526 2921,807 2502,604 8464,852 1989,861 1109,554 2111,750 1940,857 5373,75 Capital paid in 293,904 15,213 91,160 19,364 27,831 13,185 12,717 38,924 10,203 6,493 11,214 15,000 32,6c 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 66,72 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 Other capital accounts 165,809 10,513 38,403 11,485 14,697 10,595 9,072 25,418 8,174 5,490 8,090 7, 4 2,1 3 k 4 16,4- TOTAL LIABILITIES AED CAPITAL ACCOUNTS 49,925,644 2744,791 12,778,848 3068,390 4351,282 2982,416 2554,635 8627,189 2035,378 1139,528 2156,946 1994,583 5491,65 Contingent liability on acceptances purchased for foreign correspondents 29,134 1,746 2/8,531 2,124 2,648 1,455 1,251 4,074 1,106 728 1,106 1,368 2,95 Industrial loan commitments 3,513 430 598 33 97 15 2,340 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,435,281 1630,160 5,924,888 1857,042 2473,748 1874,993 1366,849 5065,031 1201,572 608,361 1048,070 754,145 2630,42 Collateral for F.R. notes: Gold certificates 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 1380,0c Eligible paper 210,293 13,128 -- 16,440 — 37,860 — — 3,720 37,275 55,795 — 46,07 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 1620.00 Total collateral 28,283,293 1853,1286,270,000 2016,440 2550,000 2012,860 1500,000 5100,000 1278,720 712,275 1135,795 808,000 3046,07 l/ After deducting $247,092,000 participations of other Federal Reserve Banks. 2/ After deducting $20,603,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis