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 28, 1955 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 27, Member bank reserves decreased $156 million. The principal changes reducing reserves were a decrease of $129 million in Reserve Bank credit and an increase of $120 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $57 million in Money in circulation, $24 million in Foreign deposits with Federal Reserve .Banks, and $11 million in Other deposits with Federal Reserve Banks. At the end of the week, Member bank reserves amounted to $18,654 million of which $412 million were estimated as excess reserves. The decrease of $129 million in Reserve Bank credit resulted from decreases of $83 million in Loans, discounts and advances, $47 million in Float, and $2 million in Acceptances held under repurchase agreement, and an increase of $2 million in Acceptances purchased. Change since Member Bank Reserves April 27, April 20, April 28, 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 Acceptances purchased 18 + 2 + 18 Acceptances held under repurchase agreement 1 - 2 + 1 Loans, discounts and advances 487 - 83 + 269 Float 746 - 47 + 213 Total 24,857 -129 - 526 Gold stock 21,671 + 1 - 297 Treasury currency outstanding 4,999 + 2 + 52 Money in circulation 29,657 - 57 + 12 Treasury cash holdings 820 + 2 - 9 Treasury deposits with F. R. Banks 623 +120 + 124 Foreign deposits with F. R. Banks 384 - 24 - 85 Other deposits with F. R. Banks 411 - 11 + 106 Other F. R. accounts (net) 978 + 126 - - Member bank reserves 18,654 -156 -1, 045 Required reserves (estimated) 18,242 + 45 517 Excess reserves (estimated) 412 -201 528 - Daily averages for period— Estimated excess reserves of member banks 654 - 42 323 Member bank borrowings at F.R. Banks 462 + 36 + 322 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,113 million, an increase of $37 million for the week and an increase of $256 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

BAil(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since April 27, April 20, April 28, 1955 1955 1954 A S S E TS Gold certificates 20,138,103 __ 273,997 Redemption fund for F. R. notes 847,060 - 3,167 - 24,164 Total gold certificate reserves 20,985,163 3,167 - 298,161 F. R. notes of other Banks 229,474 + 1,263 + 74,407 Other cash 393,702 + 8,162 r 2,219 Discounts and advances 486,194 - 83,087 + 269,471 Industrial loans 662 + 22 - 559 Acceptances purchased 18,102 + 2,233 + 18,102 Acceptances held under repurchase agreement 1,098 1,414 + 1,098 - U. S. Government securities: Bought outright— .. Bills 883,244 -1, 027,731 Certificates 9,960,141 • - +3,908,950 Notes 9,959,471 1- — -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 • • - ' ' 1 " ' ' " 1 1 Total loans and securities 24,110,662 82,246 739,619 Due from foreign hanks 22 — «•* — Uncollected cash items 4,253,429 - 391,040 + 701,199 Bank premises 56,046 - 22 + 2,782 Other assets 148,447 + 5,088 - 30,303 TOTAL ASSETS 50,176,945 461,962 - 291,914 L I A B I L I T I ES Federal Reserve notes 25,415,251 51,837 + 21,439 - Deposits: Member bank--reserve accounts 18,654,217 - 155,365 -1,044,698 U. S. Treasurer--general account 622,940 + 119,549 + 123,697 Foreign 384,192 - 24,150 - 84,867 Other 410,770 - 10,779 + 106,066 Total deposits 20,072,119 - 70,745 - 099,802 Deferred availability cash items 3,507,383 - 344,267 + 488,324 Other liabilities and accrued dividends 18,005 + 391 - 1,354 TOTAL LIABILITIES 49,012,758 - 466,458 - 391,393 C A P I T AL A C C O U N TS Capital paid in r_ 292,032 + 49 + 20,829 Surplus (Section 7) 660,901 w — + 35,888 Surplus (Section 13b) 27,543 - — *» Other capital accounts 163,711 + 4,447 + 42,762 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,176,945 461,962 291,914 - - Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.1$ + •1 $ + .2# Contingent liability on acceptances purchased for foreign correspondents 27,720 «• 116 + 11,265 Industrial loan commitments 3,396 - 25 + 438 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 27, 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 393,224 15 9,151 ~ 308,494 16 to 90 days 52,970 364 10,049 2,181,116 91 days to 1 year 40,000 135 16,519,398 Over 1 year to 5 years 148 2,087,127 Over 5 years to 10 years 1,013,614 DigitizedO fvore FrR A1S0E R years 1,414.857 http://fraser.stlouTisofetda.olrg / 486,194 W 19,200 23,604,606 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 27, 1955 L4.l(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. Sold certificates 20,138,103 1023,253 5,262,348 1257,053 1781,001 1166,498 806,523 3628,013 804,317 358,797 852,091 777,191 2421,018 Redemption fund for F. R. notes Dotal gold certificate reserves 20,985,163 1075,006 5,438,917 1312,386 1855,354 1230,067 858,768 3784,345 850,688 383,134 891,248 805,395 F.R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances purchased Acceptances held under repurchase agreement U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Total U. S. Government securities Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS ; I ?3 IV 229,474 11,072 46,986 7,005 12,370 11,099 69,255 17,792 8,621 5,474 5,250 13,822 20,728 393,702 30,140 88,958 14,174 39,601 20,158 38,657 64,301 19,680 10,725 12,328 14,322 40,658 486,194 36,598 54,480 14,350 26,990 23,641 34,195 141,775 25,555 73,275 23,405 11,840 20,090 662 573 89 18,102 18,102 1,098 1,098 " - — -- -- -- 883,244 48,776 224,472 53,756 75,909 52,035 45,591 154,062 36,653 21,404 38,412 35,416 96,758 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 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 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 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 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 24,110,662 1340,139 6,072,673 1451,546 2055,641 1414,283 1252,618 4259,056 1005,099 645,374 1049,969 958,337 2605,927 22 1 1/ 6 2 2 1 1 3 1 1 1 1 2 4,253,429 352,613 832>50 243,830 379,371 329,018 320,721 675,602 175,839 110,394 208,882 234,241 390,468 56,046 5,820 7,166 5,229 5,229 4,425 4,119 6,220 2,810 1,082 3,102 1,340 9,504 148,447 7,866 36,274 8,771 12,618 8,861 8,060 26,716 6,292 3,545 6,270 7,091 16,083 50,176,945 2822,657 12,523,430 3042,943 4360,186 3017,912 2552,199 8834,035 2069,030 1159,729 2177,050 2034,549 5583,225 1/ After deducting $l6,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 27, 1955 H.4.1(c) (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich.. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,415,251 1557,372 5,724,857 1782,174 2341,381 1814,264 1288,673 4949,129 1148,106 566,011 1017,026 709,771 2516,487 Deposits: Member bank-reserve accts. 18,654,217 813,459 5,329,632 892,184 1503,838 784,281 864,641 2987,280 673,143 417,185 880,962 1011,453 2496,159 U.S.Treasurer-general acct. 622,940 53,317 87,273 38,497 40,315 53,051 47,215 105,264 35,169 36,192 44,100 37,956 44,591 Foreign 384,192 21,900 1/125,747 26,645 33,215 18,250 15,695 51,100 13,870 9,125 13,870 17,155 37,620 Other 1,400 Total deposits 20,072,119 890,735 5,883,424 967,083 1582,128 858,323 928,667 3145,044 728,801 464,062 941,152 1068,003 2614,697 Deferred avail, cash items 3,507,383 303,642 582,957 208,536 329,531 282,801 281,100 571,134 145,372 98,475 172,231 201,278 330,326 Other liabilities and accrued dividends 18,005 970 4,830 953 1,935 895 785 2,856 646 766 678 907 1,784 TOTAL LIABILITIES 49,012,758 2752,719 12,196,068 2958,746 4254,975 2956,283 2499,225 8668,163 2022,925 1129,314 2131,087 1979,959 5463,294 Capital paid in 292,032 15,233 88,550 19,434 27,859 13,255 12,860 38,960 10,230 6,503 11,261 15,219 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 13b) 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 183,711 11,385 43,423 12,501 16,124 11,545 9,872 28,917 8,735 5,921 8,810 8,079 18,399 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,176,945 2822,657 12,523,430 3042,943 4360,186 3017,912 2552,199 8834,035 2069,030 1159,729 2177,050 2034,549 5583,225 Contingent liability on acceptances purchased for foreign correspondents 27,720 1,662 2/8,109 2,022 2,521 1,385 1,191 3,878 1,052 693 1,052 1,302 2,853 Industrial loan commitments 3,396 287 627 33 94 15 2,340 FEDERAL RESERVE AGENTS' ACCOUNTS F, R. notes outstanding 26,436,534 1618,768 5,933,010 1865,965 2472,334 1875,968 1361,713 5062,214 1200,163 603,534 1051,517 752,737 2638,611 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 174,104 31,798 — 8,510 — 19,641 — — 22,515 71,275 20,365 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 28,337,104 1871,798 6,270,000 2008,510 2550,000 1994,641 1500,000 5200,000 1287,515 746,275 1100,365 808,000 3000,000 l/ After deducting $258,420,000 participations of other Federal Reserve Banks. 2/ After deducting $19,611,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis