H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS For Immediate Release H.4.1 OF THE FEDERAL RESERVE SYSTEM June 2, 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 June 1 decreased $177 million to $18,496 million. The principal changes reducing reserves were increases of $145 million in Treasury deposits with Federal Reserve Banks, $135 million in Money in circulation, and $57 million in Other deposits with Federal Reserve Banks. The principal offsetting change was an increase of $167 million in Reserve Bank credit. The increase of $167 million in average Reserve Bank credit for the week resulted principally from increases of $192 million in Member bank borrowings and $87 million in U. S. Government securities bought outright, and a decrease of $108 million in Float. At the end of the week, June 1, holdings of U. S. Government securities bought outright were $180 million higher than a week earlier and Member bank borrowings were $23 million higher. Member Bank Reserves, WeeklyAverages of Daily Figures Reserve Bank Credit, Week Ending Change from Week Ending and Related Items June 1, 1955 May 25, 1955 June 2, 195% (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright—System account 23,600 + 87 -1, 212 Held under repurchase agreement 3 + 3 + 3 Acceptances--Bought outright 13 + 13 Loans, discounts, and advances-- Member bank borrowings 545 +192 + 352 Other 67 - 8 + 43 Float 772 -108 + 159 Total Reserve Bank credit 25,001 +167 - 641 Gold stock 21,674 + 1 - 292 Treasury currency outstanding 5,001 + 2 + 43 51,677 +170 - 889 Money in circulation 29,961 +135 + 87 Treasury cash holdings 823 + 5 - 4 Treasury deposits with F. R. Banks 582 +145 + 130 Foreign deposits with F. R. Banks 400 + 6 121 - Other deposits with F. R. Banks 478 + 57 + 20 Other F. R. accounts (net) 936 - 1 + 58 33,180 +346 + 170 Member bank reserve balances-- 18,496 -177 -1, 059 Required reserves (estimated) 18,068 -111 - 844 Excess reserves (estimated) 428 - 66 215 - 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 %.]_ Treasury currency outstanding 5,002 Member bank) - Required (est.) i8,o43 Money in circulation 30,042 reserves ) - Excess (est.) 501 On June 1, 1955, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,270 million, an increase of $50 million for the week and an increase of $298 million from the comparable date Digitizae d yfoer FaRrA SaEgRo . 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 June 1, May 25, June 2, 1955 1955 1954 A S S E TS Gold certificates 20,142,101 + 3,999 „ 240,002 Redemption fund for F. R. notes 845,754 - 3,999 12,692 Total gold certificate reserves 20,987,655 - - - 252,694 F, R. notes of other Banks 164,913 - 38,158 + 38,578 Other cash 331,161 - 33,770 - 9,539 Discounts and advances 567,044 + 23,798 + 392,141 Industrial loans 695 + 96 ~ 543 Acceptances--Bought outright 14,982 + 1,549 + 14,982 U. S. Government securities: Bought outright-- Bills 972,450 + 180,100 -1, 118,525 Certificates 8,273,775 +1,673,984 Notes 11,645,837 -1,383,184 Bonds 2,801,750 - - - 290,800 Total bought outright 23,693,812 + 180,100 -1,118,525 Held under repurchase agreement Total U. S. Government securities 23,693,812 + 180,100 -1,118,525 Total loans and securities 24,276,533 + 205,543 - 711,945 Due from foreign banks 22 Uncollected cash items 3,999,095 + 12,741 + 526,025 Bank premises 56,527 + 110 + 3,144 Other assets 163,710 + 6,904 - 21,699 TOTAL ASSETS 49,979/BIS + 153,370 428,130 - L I A B I L I T I ES Federal Reserve notes 25,690,807 + 194,908 + 99,689 Deposits: Member bank--reserve accounts 18,544,014 - 97,772 _ 929,564 U. S. Treasurer—general account 542,542 + 128,030 + 94,348 Foreign 8,152 397,883 - - 122,139 Other 413,593 - 66 + 34,455 Total deposits 19,898,032 + 22,040 - 922,900 Deferred availability cash items 68,158 3,235,743 - + 355,881 Other liabilities and accrued dividends 18,563 - 578 - 1,053 TOTAL LIABILITIES 48,843,145 + 148,212 468,383 - C A P I T AL A C C O U N TS Capital paid in 293,892 + 318 + 22,234 Surplus (Section 7) 660,901 - - + 35,888 Surplus (Section 13b) 27,543 Other capital accounts 1*4435 + 4,840 - 17,869 TOTAL LIABILITIES AND CAPITAL ACCOUNTS £9,979,816 + 153,370 426,130 — Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.0$ - .3$ + .2# Contingent liability on acceptances purchased for foreign correspondents 26,322 - 204 + 11,568 Industrial loan commitments 3,414 - 97 + 1,004 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JUNE 1, 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 487,984 17 t/743 230,800 16 days to 90 days 52,381 407 10,239 6,495,349 91 days to 1 year 26,679 126 10,765,699 Over 1 year to 5 years 145 3,773,493 Over 5 years to 10 years 1,013,614 Over 10 years 1,414,857 Digitized for FRTAoStEaRl 567,044 ~W 14,982 23,693,812 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 1, 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 20,142,101 956,332 5,603,865 1219,503 1683,179 1133,343 812,118 3637,501 816,675 384,391 811,423 706,890 2376,881 Redemption fund for F. R. notes 845,754 51,230 174,584 54,403 73,621 71,661 51,815 150,593 46,134 24,257 40,989 28,053 78,414 Total gold certificate reserves 20,987,855 1007,562 5,778,449 1273,906 1756,800 1205,004 863,933 3788,094 862,809 408,648 852,412 734,943 2455,295 F,R. notes of other Banks 164,913 6,043 30,963 4,658 7,935 7,759 51,114 16,531 6,171 2,879 4,84i 8,505 17,514 Other cash 331,l6l 24,764 79,183 16,435 34,660 15,490 29,289 49,653 17,550 9,781 11,999 14,995 27,362 Discounts and advances 567,044 19,375 55#267 42,959 53,007 25,900 47,466 115,886 24,993 62,077 55,564 10,183 54,367 Industrial loans 695 — -- 609 -- -- -- -- -- 86 Acceptances-- Bought outright 14,982 -- 14,982 IL S. Govt, securities: Bought outright-- Bills 972,450 53,702 247,143 59,186 83,575 57,290 50,195 169,622 40,355 23,566 42,292 38,993 106,531 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 Notes 11,645,837 643,130 2,959,731 708,789 1000,878 686,103 601,135 2031,348 483,279 282,214 506,477 466,975 1275,778 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 23,693,812 1355,467 6,021,664 1442,053 2036,317 1395,897™1223,027 4132,841 98372% 574,172 1030,544 950,07^^95^10 Held under repurchase agreement Total U. S. Government securities 23,693,812 1308,467 6,021,664 1442,053 2036,317 1395,897 1223,027 4132,841 983,246 574,172 1030,444 950,074 2595,610 Total loans and securities 24,276,533 1327,842 6,091,913 1485,621 2089,324 1421,797 1270,493 4248,727 1008,239 636,335 1086,008 960,257 2649,977 Due from foreign banks 22 1 l/ 6 2 2 1 1 31 1 1 12 Uncollected cash items 3,999,095 316,047 797,104 262,243 421,156 293,175 264,916 656,627 163,432 105,259 190,270 165,786 363,080 Bank premises 50,527 5,789 7,125 5,206 5,318 4,522 4,170 6,187 2,810 1,199 3,190 1,420 9,591 Other assets 163,710 8,612 39,714 9,630 14,120 9,676 8,896 29,730 7,060 3,932 7,172 7,580 17,588 TOTAL ASSETS 49,979,816 2696,660 12,824,457 3057,701 4329,315 2957,424 2492,812 8795,552 2068,072 1168,034 2155,893 1893,487 5540,409 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 JUNE 1, 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 25,690,807 1571,571 5,783,164 1797,592 2358,739 1841,792 1294,458 5000,086 1158,650 565,105 1028,103 706,442 2585,105 Deposits: Member bank-reserve accts. 18,544,014 705,053 5,561,241 852,783 1445,056 753,675 871,447 2993,166 670,168 427,169 860,778 954,888 2448,590 U.S.Treasurer-general acct. 542,542 28,414 75,544 56,054 50,051 41,157 37,391 83,873 30,656 46,021 42,148 23,638 27,595 Foreign 397,883 23,100 1/125,278 28,105 35,035 19,250 16,555 53,900 14,630 9,625 14,630 18,095 39,680 Other 2,677 2,657 Total deposits 19,898,032 759,244 6,094,459 947,069 1538,937 816,739 926,654 3132,901 724,678 483,567 920,504 997,883 2555,397 Deferred avail, cash items 3,235,743 296,209 622,546 229,541 326,459 237,944 218,813 499,362 138,909 88,632 161,848 134,603 280,877 Other liabilities and accrued dividends 18,563 1,097 4,867 1,034 2,267 846 951 2,958 649 646 713 773 1,762 TOTAL LIABILITIES 48,843,145 2628,121 12,505,036 2975,236 4226,402 2897,321 2440,876 8635,307 2022,886 1137,950 2111,168 1839,701 5423,141 Capital paid in 293,892 15,329 88,718 19,447 27,963 13,281 13,143 39,028 10,245 6,690 11,306 15,432 33,310 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 154,335 9,890 35,314 10,756 13,722 9,993 8,551 23,222 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,979,816 2696,660 12,824,457 3057,701 4329,315 2957,424 2492,812 8795,552 2068,072 1168,034 2155,893 1893,487 5540,409 Contingent liability on acceptances purchased for foreign correspondents 26,322 1,578 2/7,702 1,920 2,393 1,315 1,131 3,682 999 658 999 1,236 2,709 Industrial loan commitments 3,4l4 -- 250 627 11 92 14 2,420 -- — FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,489,434 1610,867 5,930,517 1861,678 2471,513 1889,126 1352,429 5091,868 1204,291 598,528 1051,014 748,819 2678,784 Collateral for F.R. notes: Gold certificates 11,108,000 640,000 2,670,000 800,000 1050,000 675,000 500,000 2300,000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 211,935 15,375 — 38,092 — 22,567 -- 22,460 60,410 53,031 — — -- U. S. Govt, securities 17,055,000 1200,000 3,600,000 1200,000 1500,000 1300,000 1000,000 2900,000 910,000 500,000 800,000 525,000 1620,000 Total collateral 28,374,935 1855,375 6,270,000 2038,092 2550,000 1997,567 1500,000 5200,000 1287,460 735,410 1133,031 808,000 3000,000 $272,580,000 1/ After deducting participations of other Federal Reserve Banks. 2/ After deducting $18,620,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis