H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS For Immediate Release H.4.1 OF THE FEDERAL RESERVE SYSTEM May 26, 1955 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The weekly average of Member bank reserve balances for the week ending May 25 decreased $180 million to $18,673 million. The principal changes decreasing reserves were increases of $127 million in Treasury deposits with Federal Reserve Banks, $44 million in Other deposits with Federal Reserve Banks and $13 million in Other F. R. accounts (net), and a decrease of $74 million in Reserve Bank credit. The principal offsetting changes were decreases of $51 million in Money in circulation and $23 million in Foreign deposits with Federal Reserve Banks. The decrease of $74 million in average Reserve Bank credit for the week resulted principally from decreases of $151 million in U. S. Government securities bought outright and $23 million in U. S. Government securities held under repurchase agreement, and an increase of $117 million in Member bank borrowings. At the end of the week, May 25, holdings of U. S. Government securities bought outright were $99 million lower than a week earlier, and Member bank borrowings were $233 million higher. Member Bank Reserves, Weekly Averages of Daily Figures Reserve Bank Credit, Week Ending 1 Change from Week Ending and Related Items May 25, 19551May l8 t 19551May 26, 195% (In millions ofiollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 23,513 -151 -1,196 Held under repurchase agreement -- - 23 - - Acceptances--Bought outright 13 - 2 + 13 Loans, discounts, and advances-- Member bank borrowings 353 +117 + 212 Other 75 6 + 51 Float 880 - 8 + 242 Ik Total Reserve Bank credit 24,834 - - 678" Gold stock 21,673 + 1 - 299 Treasury currency outstanding 4,999 + 42 51,507 - 72 - 933 Money in circulation 29,826 - 51 + 119 Treasury cash holdings 818 - 3 - 11 Treasury deposits with F. R. Banks 437 +127 + 40 - 23 - 106 Foreign deposits with F. R. Banks 394 16 Other deposits with F. R. Banks 421 + 44 Other F. R. accounts (net) 937 + 13 + 57 32,834 +108 + 84 -180 Member bank reserve balances-- 18,673 -1,017 Required reserves (estimated) 18,179 - 14 - 745 Excess reserves (estimated) 494 -l66 - 272 For Wednesday Federal Reserve figures see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED - attached. Latest Wednesday figures for other items appearing above are, in millions of dollars: Gold stock 21,674 Treasury cash holdings 824 Treasury currency outstanding 4,999 Member bank) - Required (est.) 18,14-7 Money in circulation 29,7^9 reserves ) - Excess (est.) 495 On May 25, 1955, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,220 million, an increase of $13 million for the week and an increase of $240 million from the comparable date Digitizead foyr eFaRArS EaRg o. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.1(a) . STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since May 25, "May 18, May 26> 1955 1955 1954 A S S E TS Gold certificates 20,138,102 - 1 - 288,999 Redemption fund for F. R. notes 849,753 w 2,092 - 10,777 Total gold certificate reserves 20,907,855 - 2,093 - 299,776 F. R. notes of other Banks 203,071 + 45 + 67,179 Other cash 364,931 + 1,760 - 1,322 Discounts and advances 543,246 + 219,065 + 341,446 Industrial loans 599 - 34 - 742 Acceptances--Bought outright 13,433 46l + 13,433 - U. S. Government securities: Bought outright-- Bills 792,350 98,700 -1 ,223,625 Certificates 8,273,775 — •» +1,673,984 Notes 11,645,837 -— -1,383,184 Bonds 2,801,750 • - 290,800 Total bought outright 23,513,712 98,700 -1,223,62$ - Held under repurchase agreement Total U. S. Government securities 23,513/712 98,700 -1f ,2%625 - Total loans and securities 24,070,990 + 119,870 - 869,488 Due from foreign banks 22 Uncollected cash items 3,986,354 • 850,768 + 491,339 Bank premises 56,417 - 2 + 3,055 Other assets 156,806 + 6,119 21,426 TOTAL ASSETS 49,826,446 725,069 630,439 • - L I A B I L I T I ES Federal Reserve notes 25,495,899 39,212 + 103,777 • Deposits: Member bank--reserve accounts 18,641,786 - 237,495 • 975,260 U. S. Treasurer—general account 414,512 + 22,793 - 90,766 Foreign 406,035 - 1,188 - 95,907 Other 413,659 + 106,313 + 30,672 Total deposits 19,875,992 - 109,577 -1,131,261 Deferred availability cash items 3,303,901 - 582,806 + 358,485 Other liabilities and accrued dividends 19,141 + 1,363 - 2,883 TOTAL LIABILITIES 48,694,933 - 730,232 - 671,862 C A P I T AL A C C O U N TS Capital paid in 293,574 + 365 + 22,021 Surplus (Section 7) 660,901 + 35,888 Surplus (Section 13b) 27,543 Other capital accounts 149,495 + 4,798 16,466 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,82% 446 - 725,069 - 630,439 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.3$ + .2$ + M Contingent liability on acceptances purchased for foreign correspondents 26,526 1 + 12,815 Industrial loan commitments 3,511 + .9 + , 1,196 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 25, 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 464,970 15 5,194 125,700 16 days to 90 days 51,597 312 8,239 6,420,349 91 days to 1 year 26,679 126 - - 10,765,699 Over 1 year to 5 years — 146 - - 3,773,493 Over 5 years to 10 years — - -- 1,013,614 Over 10 years — — — — *» 1,414,857 Digitized for FRA T S o E t R a l 543,246 599 13,433 23,513,712 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 25, 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 20,138,102 956,993 5,519,549 1223,019 1718,369 1134,962 795,136 3705,308 797,047 362,024 812,772 732,894 2380,029 Redemption fund for F. R. notes 849,753 51,230 174,584 54,403 73,620 70,66l 51,815 155,593 46,134 24,257 40,989 28,053 ?8,4l4 Total gold certificate 20,987,855 853,761 reserves 1008,223 5,694,133 1277,422 1791,989 1205,623 846,951 3860,901 843,l8l 386,281 760,94? 2458,443 F.R. notes of other Banks 203,071 8,6ll 44,255 5,450 11,340 8,274 59,195 17,717 7,385 3,514 5,427 11,096 20,807 27,853 18,633 16,089 Other cash 364,931 84,714 15,431 35,702 18,415 35,320 55,204 10,779 12,117 34,674 61,502 18,583 26,817 Discounts and advances 543,246 28,200 57,382 36,6?4 54,232 29,498 42,757 110,827 24,298 52,476 Industrial loans 599 — — 512 -- -- — — -- 87 Acceptances-- Bought outright 13,433 — 13,433 — — — -- -- -- -- -- -- — U. S. Govt, securities: Bought outright-- Bills 792,350 43,756 201,371 48,225 68,097 46,680 40,899 138,207 32,881 19,202 34,459 31,772 86,801 Certificates 8,273,775 456,911 2,102,739 503,558 711,073 487,442 427,076 1443,170 343,345 200,497 359,827 331,762 906,375 708,789 1000,878 686,103 Notes 11,645,837 643,130 2,959,731 601,135 2031,348 483,279 282,214 506,477 466,975 1275,778 Bonds tjwi., f jKJ j{ est 1 x.c. y yjj J. J-1 v* jc~\j tyjL ±\JJ 9 uuc j_*r4+,vcjL «tuu, { ui li.C| JTT jUV|7CU Total 23,513,712 1298,521 5,975,892 1431,092 2020,839 1385,287 1213,731 4101,426 975,772 569,808 1022,611 942,853 2575,880 Held under repurchase agreement Total U. S. Government securities 23,513,712 1298,521 5,975,892 1431,092 2020,839 1385,287 1213,731 4101,426 975,772 569,808 1022,611 942,853 2575,880 24,070,990 1326,721 6,046,707 1468,278 2075,071 l4l4,?85 1256,488 4212,253 1000,070 631,397 1075,087 961,436 2602,697 22 1 Due from foreign banks 1/ 6 2 2 1 1 3 1 1 1 1 2 Uncollected cash items 3,986,354 285,514 699,594 253,669 375,900 307,323 299,536 656,972 163,799 106,244 207,498 229,577 400,728 Bank premises 56,417 5,789 7,147 5,206 5,326 4,497 4,170 6,207 2,817 1,107 3,155 1,423 9,573 Other assets 156,806 8,301 38,132 9,146 13,402 9,190 8,512 28,423 6,691 3,762 6,858 7,465 16,924 TOTAL ASSETS 49,826,446 2671,013 12,614,688 3034,604 4308,732 2968,108 2510,173 8837,680 2042,577 1143,085 2163,904 1988,034 5543,848 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 EACH FEDERAL RESERVE BANK ON MAY 25, 1955 1.4.1(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 SahFran. 1788,829 1020,322 Federal Reserve notes 25,^95,899 1559,987 5,738,736 2352,924 1819,723 1277,987 4973,141 1151,524 563,775 703,513 2545,438 Deposits: Member bank-reserve accts. 18,641,786 722,290 5,461,528 880,646 1453,951 782,217 882,492 3056,396 667,991 419,326 878,472 975,567 2460,910 U.S.Treasurer-general acct 414,512 26,319 65,908 25,114 32,510 22,439 24,737 44,457 23,278 25,184 35,063 33,945 55,558 Foreign 406,035 23,820 1/124,934 28,981 36,127 19,850 17,071 55,580 15,086 9,925 15,086 18,659 40,916 Other 413,659 2,028 340,650 9,934 5,976 1,802 1,357 2,157 6,756 865 3,551 1.096 37,487 Total deposits 19,875,992 774,457 5,993,020 944,675 1528,564 826,308 925,657 3158,590 713,111 455,300 932,172 1029,267 2594,871 beferred avail, cash items 3,303,901 267,101 559,497 217,919 322,683 261,317 254,251 543,634 132,270 93,513 166,072 200,657 284,987 Other liabilities and 616 accrued dividends 19,141 1,059 5,342 1,029 2,074 944 863 3,029 693 753 988 1,751 TOTAL LIABILITIES 48,694,933 2602,6o4 12,296,595 2952,452 4206,245 2908,292 2458,758 8678,394 1997,598 1113,204 2119,319 1934,425 5427,047 Capital paid in 293,574 15,324 88,722 19,445 27,964 13,268 12,887 38,995 10,241 6,689 11,305 15,431 33,303 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 14 9 ,495 9,765 33,982 10,445 13,295 9,719 8,286 22,296 7,598 5,201 7,388 6,886 14,634 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 49,826,446 2671,013 12,614,688 3034,604 4308,732 2968,108 2510,173 8837,680 2042,577 1143,085 2163,904 1988,034 5543,848 Contingent liability on acceptances purchased for foreign correspondents 26,526 1,590 2/7,764 1,935 2,412 1,325 1,140 3,710 1,007 662 1,007 1,245 2,729 Industrial loan commitments 3,511 ~ — 347 627 11 92 14 2,420 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,426,901 1610,028 5,916,668 1861,588 2470,711 1884,813 1351,299 5072,843 1195,794 599,590 1051,835 750,847 2660,885 Collateral for F.R. notes: 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 Gold certificates 31,807 26,165 21,765 59,835 49,943 Eligible paper 213,715 24,200 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 28,376,715 1864,200 6,270,000 2031,807 2550,000 2001,165 1500,000 5200,000 1286,765 734,835 1129,943 808,000 3000,000 1/ After deducting $281,076,000 participations of other Federal Reserve Banks. 2/ After deducting $18,762,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis