H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) May 5, 1955 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended May 4, Member bank reserves increased $469 million. The principal changes supplying reserves were an increase of $368 million in Reserve Bank credit and decreases of $165 million in Treasury deposits with Federal Reserve Banks, $57 million in Other F. R. accounts (net), and $27 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $125 million in Money in circulation and $23 million in Other deposits with Federal Reserve Banks. At the end of the week, Member bank reserves amounted to $19,123 million of which $900 million were estimated as excess reserves. The increase of $368 million in Reserve Bank credit resulted from increases of $234 million in Loans, discounts and advances, $118 million in U. S. Government securities held under repurchase agreement, and $60 million in U. S. Government securities bought outright, and decreases of $40 million in Float, $2 million in Acceptances purchased, and $1 million in Acceptances held under repurchase agreement. Holdings of U. S. Government securities bought outright reflected an increase of $60 million in bills. Change since Member Bank Reserves May 4, April 27, May 5 and Related Items 1955 1955 1954 (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright 23,664 + 60 -968 Held under repurchase agreement 118 +118 +118 Acceptances purchased 16 - 2 + 16 Acceptances held under repurchase agreement - 1 — — Loans, discounts and advances 721 +234 +580 Float 706 - 40 +205 Total 25,225 +368 - 49 Gold stock 21,671 -298 - - Treasury currency outstanding 5,000 + 1 + 49 Money in circulation 29,782 +125 + 26 Treasury cash holdings 820 - 17 Treasury deposits with F. R. Banks 458 -165 -159 Foreign deposits with F. R. Banks 357 - 27 -244 Other deposits with F. R. Banks 434 + 23 +106 Other F. R. accounts (net) 921 - 57 + 72 Member bank reserves 19,123 +469 - 84 Required reserves (estimated) 18,223 - 15 -6l4 Excess reserves (estimated) 900 +484 +530 Daily averages for period— Estimated excess reserves of member banks 476 -182 -246 Member bank borrowings at F. R. Banks 464 + 2 +314 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,l4l million, an increase of $28 million for the week and an increase of $295 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 May 4, April 27, May 5, 1955 1955 1954 A S S E TS Gold certificates 20,128,101 10,002 284,001 Redemption fund for F, R. notes 854,606 + 7,546 16,281 - Total gold certificate reserves 207982,707 300,282 F. R. notes of other Banks 197,380 - 32,094 52,337 Other cash 374,817 - 18,885 6,262 Discounts and advances 719,880 + 233,686 580,200 Industrial loans 644 18 625 Acceptances purchased 16,131 1,971 16,131 Acceptances held under repurchase agreement 1,098 U. S. Government securities: Bought outright— Bills 943,244 60,000 - 967,731 Certificates 9,960,141 +3,908,950 Notes 9,959,471 -3,069,550 Bonds 2.801.750 - 839,400 Total bought outright 23#664,606 + 60,000 - 967,731 Held under repurchase agreement 118,000 + 118,000 + 118,000 Total U. S. Government securities 23,782,606 + 178,000" - 849,731 Total loans and securities 24,519,261 + 408,599 - 254,025 Due from foreign banks 22 Uncollected cash items 3,981,990 - 271,439 + 450,713 Bank premises 55,996 50 + 2,622 Other assets 156,607 + 8,l60 - 30,645 TOTAL ASSETS 50^268,780 + 91,835 : 85,542 L I A B I L I T I ES Federal Reserve notes 25,486,315 + 71,064 + 4,709 Deposits: Member bank--reserve accounts 19,123,133 + 468,916 - 83,458 U. S. Treasurer—general account 458,228 - 164,712 - 158,847 Foreign 357,030 - 27,162 - 243,865 Other 434,445 + 23,675 + 105,963 Total deposits 20,3727836 + 300,717 - 380,207 Deferred availability cash items 3,276,084 - 231,299 + 245,595 Other liabilities and accrued dividends 17,571 : 434 716 TOTAL LIABILITIES 4 9 , 1 5 2 , 0 06 + 1 4 0 , 0 48 - 130,619 C A P I T AL A C C O U N TS Capital paid in 292,140 108 + 20,889 Surplus (Section 7) 660,901 + 35,888 Surplus (Section 13b) 27,543 Other capital accounts 135,390 - 48,321 - 11,700 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,2687750 + 91,835 - 85,542 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.8# .3# .2$ Contingent liability on acceptances purchased for foreign correspondents 27,562 158 + 11,157 Industrial loan commitments 3,413 17 + 5 IM- MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 4, 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 627,190 17 6,06l 2,102,960 16 to 90 days 52,690 343 10,070 644,650 91 days to 1 year 4 0 , 0 00 136 16,519,398 Over 1 year to 5 years 148 2,087,127 Over 5 years to 10 years 1,013,614 DigitizeOdv foerr F R1A0SE Ry ears http://fraser.stlouisfed.org/ Ml4,85J Federal Reserv T e o B t an a k l o f St. Louis 719,880 644 16,131 23,782,606

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 4, 1955 H.4.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. Gold certificates 20,128,101 964,840 5,568,413 1243,269 1708,252 1146,189 787,561 3544,290 785,077 391,355 840,339 746,086 2402,43c Redemption fund for F. R. notes 854,606 51,612 176,065 55,091 74,161 72,763 52,131 156,137 46,318 24,315 39,117 28,166 78,73c Total gold certificate reserves 20,982,707 1016,452 5,744,478 1298,360 1782,413 1218,952 839,692 3700,427 831,395 415,670 879,456 774,252 2481,16c F.R. notes of other Banks 197,380 9,912 37,425 5,547 11,993 7,733 62,l4l 16,545 6,379 3,936 5,199 10,053 2 0 , 5 11 Other cash 374,817 29,312 88,464 13,424 40,040 17,246 33,422 61,878 17,939 10,507 11,227 15,018 36,34c Discounts and advances 719,880 25,334 169,175 25,830 35,955 29,590 57,065 223,850 22,540 34,975 41,816 2 3 , 4 20 30,33C Industrial loans 644 555 89 Acceptances purchased 16,131 16,131 U. S. Govt, securities: Bought outright— Bills 943,244 52,089 239,720 57,408 81,065 55,570 48,688 164,527 39,143 22,859 4l,022 37,822 103,331 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 1091,11- 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 1091,04c Bonds 2,801,750 154,724 712,051 170,520 240,791 165,062 144,621 488,701 116,267 67,895 121,848 112,344 306,92f Total 23,664,606 1306,654 6,014,241 1440,275 2033,807 1394,177 1221,520 4127,746 982,034 573,465 1029,174 945,903 2592,4lC Held under repurchase agreement 118,000 — 118,000 Total U. S. Government securities 23,782,606 1306,854 6,132,241 1440,275 2033,807 1394,177 1221,520 4127,746 982,034 573,465 1029,174 948,903 2592,4lC Total loans and securities 24,519,261 1332,188 6,317,547 1466,660 2069,762 1423,767 1278,585 4351,596 1004,574 608,529 1070,990 972,323 2622,74c Due from foreign banks 22 1 1 /6 2 2 1 1 3 l 1 l l Uncollected cash items 3,981,990 297,546 742,837 255,623 352,388 322,920 300,701 643,275 166,644 103,725 199,639 203,912 392,78c Bank premises 55,996 5,820 7,144 5,229 5,225 4,425 4,119 6,206 2,810 1,082 3,096 1,336 9,50k Other assets 156,607 8,196 38,277 9,189 13,500 9,196 8,515 28,411 6,671 3,760 6,694 7,308 16,89c TOTAL ASSETS 50,268,780 2699,427 12,976,178 3054,034 4275,323 3004,240 2527,176 8808,341 2036,413 1147,210 2176,302 1984,203 5579,93: 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 MAY 4, 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 25,486,315 1558,126 5,738,841 1785,422 2342,223 1823,043 1287,406 4958,573 1153,675 566,248 1023,036 708,992 2540,73Q Deposits: Member bank-reserve accts. 19,123,133 743,121 5,816,673 904,472 1461,884 807,649 890,063 3021,382 654,392 426,149 895,054 1003,519 2498,775 U.S.Treasurer-general acct. 458,228 31,724 106,951 23,679 30,170 25,093 23,310 91,443 24,805 18,859 30,253 21,415 30,526 Foreign 357,030 21,300 1/105,665 25,915 32,305 17,750 15,265 49,700 13,490 8,875 13,490 16,685 36,590 Other 2,110 Total deposits 20,372,836 798,255 6,382,736 963,806 1532,108 853,829 931,077 3165,870 699,852 455,206 945,119 1042,946 216 02,032 Deferred avail. cash items 3,276,084 274,509 535,892 222,507 297,471 267,415 257,035 524,331 137,818 95,875 116633,,557711 117788,,663399 321,021 Other liabilities and accrued dividends 17,571 1,002 4,534 982 2,294 878 870 2,915 6l4 528 642 718 1,594 TOTAL LIABILITIES 49,152,806 2631,892 12,662,003 2972,717 4174,096 2945,165 2476,388 8651,689 1991,959 1117,857 2132,368 1931,295 5465,377 Capital paid in 292,140 15,233 88,551 19,441 27,873 13,255 12,886 38,988 10,230 6,505 11,268 15,232 32,678 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 135,390 8,982 30,235 9,614 12,126 8,991 7,660 19,669 7,084 4,857 6,774 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,268,780 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 6 5 Sr 00 % 3054,034 4275,323 3004,240 2527,176 8808,341 2036,413 1147,210 2176,302 1984,203 5579,933 27,562 1,656 2/ 8,021 2,015 2,511 1,380 1,187 3,864 1,049 690 1,049 1,297 2,843 3,413 -- 304 627 33 94 15 " " 2,340 -- FEDERAL RESERVE AGENTS' ACCOUNTS 26,416,470 1617,726 5,924,942 1858,773 2471,482 1876,757 1355,532 5058,335 1201,452 602,621 1047,676 750,239 2650,935 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 1380,000 157,365 20,534 — 19,990 — 25,590 -- 19,500 32,975 38,776 — — 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 28,320,365 1860,534 6,270,000 2019,990 2550,000 2000,590 1500,000 5200,000 1284,500 707,975 1118,776 808,000 3000,000 l/ After deducting $251,340,000 participations of other Federal Reserve Banks. 2/ After deducting $19,541,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis