H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) April 14, 1955 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 13, Member bank reserves increased $50 million. The principal changes supplying reserves were decreases of $78 million in Treasury deposits with Federal Reserve Banks, $59 million in Money in circulation, and $35 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $49 million in Gold stock and $34 million in Reserve Bank credit, and an increase of $30 million in Foreign deposits with Federal Reserve Banks. At the end of the week, Member bank reserves amounted to $l8,84l million of which $62 2million were estimated as excess reserves. The decrease of $34 million in Reserve Bank credit resulted from decreases of $70 million in Loans, discounts and advances, $3 million in U. S. Government securities held under repurchase agreement, and $1 million in Acceptances held under repurchase agreement,and increases of $35 million in Float and $5 million in Acceptances purchased. Change since Member Bank Reserves April 13, April 6, April 14, 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 37 - 3 + 37 Acceptances purchased 16 + 5 + 16 Acceptances held under repurchase agreement 1 - 1 + 1 Loans, discounts and advances 638 - 70 + 466 Float 680 + 35 + 81 Total 24,977 - 34 427 • Gold stock 21,670 - 49 296 - Treasury currency outstanding 4,997 + 54 -- Money in circulation 29,841 - 59 + 48 Treasury cash holdings 826 + 9 - 5 Treasury deposits with F. R. Banks 365 - 78 274 ~ Foreign deposits with F. R. Banks 381 + 30 88 ~ Other deposits with F. R. Banks 410 - 35 + 57 Other F. R. accounts (net) 979 -- + 44 Member bank reserves 18,841 + 50 452 - Required reserves (estimated) 18,219 - 25 - 366 Excess reserves (estimated) 622 + 75 86 - Daily averages for period-- Estimated excess reserves of member banks 672 +167 + 74 Member bank borrowings at F. R. Banks 567 + 48 + 429 U« S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,0?4 million, a decrease of $3 million for the week and an increase of $257 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.1*. 1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (in thousands of dollars) Change since April 13, April 6, April 14, 1955 1955 1954 A S S E TS Gold certificates 20,138,101 45,002 - 266,001 - Redemption fund for F. R. notes 847,855 2,596 26,646 - Total gold certificate reserves 20,985,956 47,598 - 292,647 - F. R. notes of other Banks 205,913 + 27,590 + 68,849 Other cash 370,249 7,150 - 14,591 - Discounts and advances 637,359 - 70,008 + 466,489 Industrial loans 653 + 144 668 Acceptances purchased 15,870 + 4,871 + 15,870 Acceptances held under repurchase agreement 1,000 - 1,109 + 1,000 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 37,000 - 3,000 + 37,000 Total U. S. Government securities 3,000 - 990,731 - . Total loans and securities 24,296,488 69,102 - 508,040 Due from foreign banks 22 mm mm -»— Uncollected cash items 4,430,838 + 745,286 + 247,187 Bank premises 56,005 + 65 + 3,026 Other assets 137,291 + 6,065 - 23,935 TOTAL ASSETS 50,482,762 + 655,156 - 520,151 L I A B I L I T I ES Federal Reserve notes 25,562,498 28,360 + 46,554 - Deposits: Member bank—reserve accounts 18,841,488 + 50,146 451,169 U. S. Treasurer--general account 364,585 - 77,930 — 274,324 Foreign 380,636 + 29,431 - 88,656 Other 4l0,4ll 34,548 + 57,542 - Total deposits 19,997,120 32,901 756,607 - - Deferred availability cash items 3,750,646 + 710,031 + 166,308 Other liabilities and accrued dividends 17,285 + 1,028 « 2,083 TOTAL LIABILITIES 49,327,549 + 649,798 545,828 - C A P I T AL A C C O U N TS Capital paid in 291,890 + 774 + 21,360 Surplus (Section 7) 660,901 «»«. + 35,888 Surplus (Section 13b) 27,543 — — — — Other capital accounts 174,879 + 4,584 31,571 - TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,482,762 + 655,156 520,151 - Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.1# + .1$ - - Contingent liability on acceptances purchased for foreign correspondents 28,133 487 + 11,709 Industrial loan commitments 3,409 114 + 546 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 13, 1955 (Acceptances and 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 Acceptances securities Within 15 days 535797% l6 3,1-21 2757500 16 to 90 day s49,052 353 13,049 2,328,110 91 days to 1 year 53,333 135 -- 16,519,390 Over 1 year to 5 years — 149 -- 2,087,127 Over 5 years to 10 years -- -- -- l,013,6l4 Over 10 years -- -- -- 1,414,857 Digitized for FRASER http://fraser.stlouTisofetda.olrg / 637,359 "553 167^70 " 2J,b4l,b0t> ~ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 13, 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. Kans.Cy. Dallas SanFran. Gold certificates 20,138,101 1034,407 5,386,656 1234,467 1745,142 1142,177 860,492 3460,935 821,900 400,272 893,618 734,829 2423,206 Redemption fund for F. R. notes 847,855 52,092 177,837 55,954 74,800 65,389 52,510 151,787 46,485 24,381 39,249 28,295 79,076 Total gold certificate reserves 20,985,956 1086,499 5,564,493 1290,421 1819,942 1207,566 913,002 3612,722 868,385 424,653 932,867 763,124 2502,282 F.R. notes of other Banks 205,913 8,275 41,344 7,273 10,673 7,713 66,047 19,058 7,490 4,310 4,910 6,981 21,839 Other cash 370,249 29,626 83,630 16,520 37,821 16,582 35,148 62,152 17,991 9,748 9,892 12,828 38,311 Discounts and advances 637,359 36,766 140,983 34,673 53,158 15,097 23,718 191,087 13,072 46,908 29,817 10,937 41,143 Industrial loans 653 563 90 Acceptances purchased 15,870 15,870 Acceptances held under repurchase agreement 1,000 1,000 U. S. Govt, securities: Bought outright-- Bills 883,244 48,776 224,472 53,756 75,909 52,035 45,591 154,062 36,653 21,4o4 38,412 35,4l6 96,758 Certificates 9,960,141 550,039 2,531,320 606,194 856,004 586,793 514,123 1737,317 413,326 241,363 433,167 399,382 1091,113 Notes 9,959,471 550,002 2,531,150 606,153 855,947 586,752 514,088 1737,201 413,298 241,348 433,137 399,355 1091,040 Bonds 2,801,750 154,724 712,051 170,520 240,791 165,062 144,621 488,701 116,267 67,895 121,848 112,344 306,926 Total 23,604,606 1303,541 5,998,993 1436,623 2028,651 1390,642 1218,423 4117,281 979,544 572,010 1026,564 946,497 2585,837 Held under repurchase agreement 37$ 000 3*7 f 000 — — —«•» —— — — -» —— Total U. S. Government securities 23,641,606 1303,541 6,035,993 1436,623 2028,651 1390,642 1218,423 4117,281 979,544 572,010 1026,564 946,497 2585,837 Total loans and securities 24,296,488 1340,307 6,193,846 1471,859 2081,809 1405,739 1242,l4l 4308,368 992,616 619,008 1056,381 957,434 2626,980 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 l 1 1 l 2 Uncollected cash items 4,430,838 334,422 859,695 272,959 407,026 329,290 335,191 745,118 190,707 116,777 218,444 229,564 391,645 Bank premises 56,005 5,834 7,165 5,249 5,227 4,443 4,108 6,225 2,815 1,082 3,082 1,340 9,435 Other assets 137,291 7,203 33,530 8,053 11,566 8,014 7,598 24,821 5,880 3,216 5,725 6,610 15,075 TOTAL ASSETS 50,482,762 2812,167 12,783,709 3072,336 4374,066 2979,348 2603,236 8778,467 2085,885 1178,795 2231,302 1977,882 5605,569 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 OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 13, 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 25,562,498 1564,292 5,741,552 1793,176 2350,574 1832,475 1302,365 4972,661 1153,583 571,494 1022,842 711,566 2545,918 Deposits: Member bank-reserve accts. 18,841,488 818,489 5,549,251 904,927 1487,185 760,635 908,637 2911,857 686,774 440,993 927,592 960,268 2484,880 U.S.Treasurer-general acct. 364,585 25,985 46,402 25,835 32,127 26,112 26,434 41,245 22,560 21,342 32,668 29,879 33,996 Foreign 380,636 21,060 1/132,103 25,623 31,941 17,550 15,093 49,140 13,338 8,775 13,338 16,497 36,178 Other 2,495 326,888 9,693 6,194 3,209 6,628 2.505 6,303 1,647 2,044 38,677 Total deposits 19,997,120 868,029 6,054,644 966,078 1557,447 807,506 956,792 3004,747 728,975 472,757 977,726 1008,688 2:5 93,731 Deferred avail. cash items 3,750,646 309,351 657,457 228,449 359,924 277,374 290,815 634,121 156,906 103,804 184,501 202,612 345,332 Other liabilities and accrued dividends 17,285 992 5,042 968 1,578 872 755 2,808 635 575 658 763 1,639 TOTAL LIABILITIES 49,327,549 2742,664 12,458,695 2988,671 4269,523 2918,227 2550,727 8614,337 2040,099 1148,630 2185,727 1923,629 5486,620 Capital paid in 291,890 15,233 88,601 19,425 27,858 13,215 12,801 38,938 10,206 6,498 11,238 15,210 32,667 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,l4o Other capital accounts 174,879 10,950 41,024 11,978 15,457 11,077 9,466 27,197 8,440 5,676 8,445 7,751 17,418 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,482,762 2812,167 12,783,709 3072,336 4374,066 2979,348 2603,236 8778,467 2085,885 1178,795 2231,302 1977,882 5605,569 Contingent liability on acceptances purchased for foreign correspondents 28,133 1,692 2/8,167 2,059 2,566 1,410 1,213 3,948 1,072 705 1,072 1,325 2,904 Industrial loan commitments 3,409 297 627 33 97 15 2,340 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,491,931 1618,338 5,945,035 1860,853 2477,139 1886,473 1359,377 5081,494 1206,852 606,454 1050,433 751,240 2648,243 Collateral for F.R. notes: Gold certificates 10,908,000 640,000 2,670,000 800,000 1050,000 675,000 500,000 2100,000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 177,486 30,566 27,130 — 9,930 9,145 44,325 25,890 — 30,500 U. S. Govt, securities 17,155,000 1200,000 3,600,000 1200,000 1500,000 1300,000 1000,000 3000,000 910,000 500,000 800,000 525,000 1620,000 Total collateral 28,240,486 1870,566 6,270,000 2027,130 2550,000 1984,930 1500,000 5100,000 1274,145 719,325 1105,890 808,000 3030,500 l/ After deducting $248,508,000 participations of other Federal Reserve Banks. 2/ After deducting $19,966,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis