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 21, 1955 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 20, Member bank reserves decreased $31 million. The principal changes reducing reserves were increases of $138 million in Treasury deposits with Federal Reserve Banks, $27 million in Foreign deposits with Federal Reserve Banks, and $12 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $127 million in Money in circulation and an increase of $9 million in Reserve Bank credit. At the end of the week, Member bank reserves amounted to $18,810 million of which $609 million were estimated as excess reserves. The increase of $9 million in Reserve Bank credit resulted from increases of $113 million in Float and $2 million in Acceptances held under repurchase agreement, and decreases of $68 million in Loans, disccunts and advances and $37 million in U. S. Government securities held under repurchase agreement. Change since Member Bank Reserves April 20, April 13, April 21, 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 " Acceptances purchased 16 + 16 Acceptances held under repurchase agreement 3 + 2 + 3 Loans, discounts and advances 570 - 68 + 4l4 Float 793 +113 + 89 Total 24,986 + 9 - 507 Gold stock 21,670 - 297 " Treasury currency outstanding 4,997 + 52 Money in circulation 29,714 -127 + 41 Treasury cash holdings 818 - 8 - 21 Treasury deposits with F. R. Banks 503 +138 - 62 Foreign deposits with F. R. Banks 408 +27 - 35 Other deposits with F. R. Banks 422 + 12 + 34 Other F. R. accounts (net) 978 - 1 + 47 Member bank reserves 18,810 - 31 ~ 756 Required reserves (estimated) 18,201 - 2 - 447 Excess reserves (estimated) 609 - 29 - 309 Daily averages for period— Estimated excess reserves of member banks 696 + 8 75 Member hank borrowings at F. R. Banks 426 -l4l + 293 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3>0?6 million, an increase of $2 million for the week and an increase of $211 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 April 20, April 13, April 21, 1%# 1955 1954 A S S E TS Gold certificates 20,138,103 + 2 - 264,001 Redemption fund for F. R. notes 850,227 + 2,372 - 23,419 Total gold certificate reserves 20,908,330 + 2,374 - 287,420 F. R. notes of other Banks 228,211 + 22,298 + 75,592 Other cash 385,540 + 15,291 3,529 Discounts and advances 569,281 68,078 + 414,112 Industrial loans 640 - 13 566 Acceptances purchased 15,869 - X + 15,869 Acceptances held under repurchase agreement 2,512 + 1,512 + 2,512 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 - -- Total U. S. Government securities 23,604,606 - 37,000 -1,027,731 Total loans and securities 24,192,908 - 103,580 - 595,804 Due from foreign banks 22 Uncollected cash items 4,644,469 + 213,631 + 503,660 Bank premises 56,068 + + 2,714 Other assets 143,359 + 6^ 6 , 3 068 - 26,488 TOTAL ASSETS 50,630,907 + 156,145 - 331,275 L I A B I L I T I ES Federal Reserve notes 25,467,088 - 95,410 + 50,327 Deposits: Member bank—reserve accounts 18,809,582 31,906 - 756,242 U. S. Treasurer--general account 503,391 + 138,806 - 61,451 Foreign 408,342 + 27,706 - 34,831 Other 421,549 + 11,138 + 33,260 Total deposits 20,142,864 + 145,744 - 819,264 Deferred availability cash items 3,851,650 + 101,004 + 414,612 Other liabilities and accrued dividends 17,614 + 329 434 TOTAL LIABILITIES 49,479,216 + 151,667 - 354,759 C A P I T AL A C C O U N TS Capital paid in ' 291,983 + 93 + 20,896 Surplus (Section 7) 660,901 + 35,888 — " Surplus (Section 13b) 27,543 Other capital accounts 179,264 + 4,385 - 33,300 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,638,907 + 156,145 - 331,275 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46,0# - .1$ + .1# Contingent liability on acceptances purchased , for foreign correspondents 27,836 - 297 + 10,456 Industrial loan commitments 3,421 + 12 + 444 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 20, 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 481,235 15 11,294 322,694 16 to 90 days 34,713 342 7,087 2,246,916 91 days to 1 year 53,333 135 16,519,398 Over 1 year to 5 years 148 2,087,127 Over 5 years to 10 years 1,013,614 Over 10 years Digitized for FRASER — 3 4 1 4 4 51 http://fraser.st T lo o u t is a fe l d. org/ 569,281 640 18,381. 23,60k,606 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 20, 1955 HA. 1(b) (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Richi Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 20,138,103 1067,631 5,350,126 1243,715 1701,770 1174,182 848,378 3488,498 820,990 369,863 881,192 789,418 2402,340 Redemption fund for F. R. notes 850,227 51,970 177,146 55,735 74,641 64,473 52,407 156,615 46,437 24,360 39,211 28,260 78,972 Total gold certificate reserves 20,988,330 1119,601 5,527,272 1299,450 1776,411 1238,655 900,785 3645,113 867,427 394,223 920,403 817,678 2481,312 F.R. notes of other Banks 228,211 10,249 47,782 9,060 12,613 10,548 71,766 17,948 6,805 4,235 6,314 9,299 21,592 Other cash 385,540 28,293 88,071 15,555 41,531 20,086 34,559 62,228 19,163 10,310 11,911 14,352 39,481 Discounts and advances 569,281 21,316 74,953 18,128 35,348 12,933 37,338 241,682 14,397 56,783 29,823 16,467 10,113 Industrial loans 640 — — 551 -- — — — — 89 — —— Acceptances purchased 15,869 15,869 -- -- -- -- -- —— -- Acceptances held under repurchase agreement 2,512 2,512 -- -- -- -- 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 21,404 38,412 35,4l6 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 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 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 Held under repurchase agreement Total U. S. Government securities r~ 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 Total loans and securities 24,192,908 1324,857 6,092,327 1455,302 2063,999 1403,575 1255,761 4358,963 993,941 628,882 1056,387 962,964 2595,950 Sue from foreign banks 22 1 1/6 2 2 1 13 1 1 1 12 Uncollected cash items 4,644,469 361,058 950,140 291,728 407,331 358,028 351,024 715,755 182,957 117,947 225,976 241,450 441,075 Bank premises 56,068 5,848 7,166 5,251 5,221 4,443 4,132 6,225 2,815 1,090 3,102 1,340 9,435 Other assets 143,359 7,594 35,039 8.446 18.289 8,225 8,002 25.821 6,166 3,404 5,999 6,977 15,425 TOTAL ASSETS 50,638,907 2857,501 12,747,803 3084,796 4319,367 3043,561 2626,030 8832,056 2079,275 1160,092 2230,093 2054,061 5604,272 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 ON APRIL 20, 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 Saltan Federal Reserve notes 25,467,088 1562,984 5,726,459 1785,429 2342,249 1821,002 1298,347 4960,242 1149,313 568,633 1018,704 710,159 2523,567 DeposIts: Member bank-reserve accts. 18,809,582 814,415 5,463,276 895,456 1450,489 792,564 912,264 2981,155 679,012 416,770 911,778 1021,203 2471,200 U.S.Treasurer-general acct 503,391 30,933 65,543 37,565 39,380 40,465 33,123 80,494 31,461 31,142 45,360 32,266 35,659 Foreign 408,342 23,820 1/127,241 28,981 36,127 19,850 17,071 55,560 15,086 9,925 15,086 18,659 40,916 Other 421,549 2,076 345,401 9,631 7,371 3,702 1,307 2,486 6,861 1.032 1,930 1,487 38.265 Total deposits 20,142,864 871,244 6,001,461 971,633 1533,367 856,581 963,765 3119,715 732,420 458,869 974,154 1073,615 2586,040 Deferred avail, cash items 3,851,650 351,859 689,129 242,872 337,138 303,776 310,334 584,391 151,028 101,598 190,893 214,997 373,635 Other liabilities and accrued dividends 17,6l4 1,693 4,517 934 1,767 841 846 2,694 571 700 584 M2 1^2§ TOTAL LIABILITIES 49,479,216 2787,780 12,421,566 3000,868 4214,521 2982,200 2573,292 8667,042 2033,3321 129,800 2184,335 1999,640 5484,840 Capital paid in 291,983 15,233 88,623 19,425 27,858 13,221 12,824 38,959 10,221 6,498 11,238 15,215 32,668 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 ljb) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 179,264 11,168 42,225 12,241 15,760 11,311 9,672 28,060 8.582 5,803 8,628 7,914 17.900 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 50,638,907 2857,501 12,747,803 3084,796 4319,367 3043,561 2626,030 8832,056 2079,275 1160,092 2230,093 2054,061 5604,272 Contingent liability on acceptances purchased for foreign correspondents 27,836 1,668 2/8,153 2,030 2,530 1,390 1,195 3,892 1,056 695 1,056 1,307 2,864 Industrial loan commitments 3,421 309 627 33 97 15 2,340 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,468,304 1621,520 5,938,118 1860,759 2473,039 1884,394 1366,654 5074,763 1201,605 604,978 1046,243 750,604 2645,627 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 1380,000 Eligible paper 127,373 15,716 — 11,315 -- 8,266 -- — 10,850 54,450 26,276 — 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 28,290,373 1855,716 6,270,000 2011,315 2550,000 1983,266 1500,000 5200,000 1275,850 729,450' 1106,276 M,000 3000,500 1/ After deducting $281,076,000 participations of other Federal Reserve Banks. 2/ After deducting $19,683,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis