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 30, 1955 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS The weekly average of Member ban kreserve balances for the week ending June 29 decreased $345 millio nto $18,653 million. The principal changes reducing reserves were a decrease of $24.0 million in Reserve Bank credit and increases of $110 million in Treasury deposits with Federal Reserve Banks and $17 million in Foreign deposits with Federal Reserve Banks. The principal offsetting change was a decrease of $14 million in Money in circulation. Estimated average excess reserves of member bank sfor the week decreased $215 millio nto $494 million. The decrease of $240 million in average Reserve Bank credit for the week resulted principally from decreases of $348 million in Float and $11 million in Other loans, discounts, an dadvances, and an increase of $119 millio nin Member bank borrowings. As of Wednesday, June 29, Member bank borrowings were $329 million higher than a week earlier. Member Bank Reserves, Weekly Averages of Daily Figures Reserve Bank Credit, WWeeeekk EEnnddiinngg Change from Week Ending and Related Items JJuunnee 2299,, 11995555 June 22, 1955 June 30, 1954 (In mi:l lions of dollars) Reserve Bank credit; U. S. Government securities-- Bought outright—System account 23,554 ~ - -1,426 Held under repurchase agreement - 133 ~ - Acceptances—Bought outright 16 + 1 + 16 Loans, discounts, and advances-- Member bank borrowings 402 +119 + 264 Other 54 - 11 + 34 Float 789 -348 + 159 Total Reserve Bank credit 24,815 -24o -1,086 Gold stock 21,677 + 1 - 249 Treasury currency outstanding 5,001 + 45 - - 51,492 -241 -1,291 Money in circulation 30,021 - 14 + 208 Treasury cash holdings 8l4 - 4 + 2 Treasury deposits with F. R. Banks 323 +110 - 687 Foreign deposits with F. R. Banks 425 +17 - 154 Other deposits with F. R. Banks 275 - 3 - 109 Other F. R. account s(net) 981 - — - 15 32,839 +105 - 756 Member bank reserve balances-- 18,653 -345 - 535 Required reserves (estimated) 18,159 -130 - 190 Excess reserves (estimated) 494 -215 - 345 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 21,677 Treasury cash holdings 818 Treasury currency outstanding 5,000 Member bank) - Required (est.) 18,162 Money in circulation 30,128 reserves ) - Excess (est.) 433 On June 29, 1955, U. S. Government securities held in custody b ythe Federal Reserve Banks for foreign account were $3,321 million, a decrease of $18 million for the week and an increase of $421 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

8.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since June 29, June 22, June 30, 1955 1955 1954 A S S E TS Gold certificates 20,156,100 - 221,001 Redemption fund for F. R. notes 837,567 - 23,839 Total gold certificate reserves 20,993,657 - 244,840 F. R. notes of other Banks *" 176,087 - 26,379 + 31,769 Other cash 342,850 4,392 - 15,495 Discounts and advances 721,951 + 328,715 + 685,206 Industrial loans 472 78 760 Acceptances--Bought outright 16,482 + 1,539 + 16,482 U. S. Government securities: Bought outright— Bills 832,450 -1,483,625 Certificates 8,273,775 +1,673,984 Notes 11,645,837 -1,383,184 Bonds 2,801,750 - 290,800 Total bought outright 23,553,812 -1,483,625 Held under repurchase agreement Total U. S. Government securities 23,553,612 -1,483,625 Total loans and securities 24,292,717 + 330,176 - 782,697 Due from foreign banks 22 Uncollected cash items 4,392,998 - 686,470 + 596,163 Bank premises 57,146 + 205 + 3,595 Other assets 139,964 + 5,554 + 47,825 TOTAL ASSETS 50,395,451 - 383,222 - 363,680 L I A B I L I T I ES Federal Reserve notes 25,780,417 + 109,165 + 192,285 Deposits: Member bank--reserve accounts 18,594,588 - 434,866 - 416,734 U. S. Treasurer —general account 344,389 + 245,958 - 530,479 Foreign 407,139 - 10,932 - 137,932 Other 407,944 + 162,040 + 31,413 Total deposits 19,754,060 - 37,800 -1,053,732 Deferred availability cash items 3,683,622 - 459,731 + 453,791 Other liabilities and accrued dividends 20,832 + 327 + 8,202 TOTAL LIABILITIES 49,230,931 - 388,039 - 399,454 C A P I T AL A C C O U N TS Capital paid in 294,612 210 + 22,296 Surplus (Section 7) 660,901 + 35,888 Surplus (Section 13b) 27,543 Other capital accounts 173,464 + 4,607 - 22,410 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,395,451 - 383,222 - 363,680 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46,1% .1# .3 # Contingent liability on acceptances purchased for foreign correspondents 26,206 442 + 12,697 Industrial loan commitments 3,569 14 + 1,173 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JUNE 29. 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 662,549 25 5,695 228,900 16 days to 90 days 45,992 147 10,787 6,357,249 91 days to 1 year 13,410 157 10,765,699 Over 1 year to 5 years -- 143 3,773,493 Over 5 years to 10 years 1,013,614 Over 10 years 1,414.857 Digitized for FTRoAtSaERl 721,951 "E72" i6,482 23,553,812 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 29, 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 SacFran. Gold certificates 20,156,100 957,607 5,832,553 1216,596 1705,855 1130,027 787,625 3521,810 766,444 348,328 793,547 727,563 2368,145 Redemption fund for F. R. notes 837,567 50,687 172.350 55,427 72,819 68,401 51,352 149,793 45,912 24,175 4o,8o6 27.879 77,966 Total gold certificate reserves 20,993,667 1008,294 6,004,903 1272,023 1778,674 1198,428 838,977 3671,603 812,356 372,503 834,353 755,442 2446,111 F.R. notes of other Banks 176,087 5,911 33,224 5,606 9,128 9,041 48,644 17,514 6,962 4,266 5,623 8,496 21,672 Other cash 342,850 23,097 55,293 20,668 41,070 14,897 30,183 59,949 20,514 9,451 14,519 17,719 35,490 Discounts and advances 721,951 21,245 105,763 29,898 66,678 49,090 60,968 201,415 22,727 54,018 32,690 5,466 71,993 Industrial loans 472 388 84 Acceptances— Bought outright 16,482 16,482 XL S, Govt, securities: Bought outright— Bills 832,450 45,971 211,563 50,665 71,543 49,042 42,969 145,202 34,545 20,173 36,203 33,380 91,194 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 jxujvyi x. i v* t-TWji \ S *rw 9 f Vi. u ( , u**u Total 23,553,812 1300,736 5,986,084 1433,532 2024,285 1387,649 1215,801 4108,421 977,436 570,779 1024,355 944,461 2580,273 Held under repurchase agreement Total U. S» Government securities 23,553,812 1300,736 5,986,084 1433,532 2024,285 1387,649 1215,801 4108,421 977,436 570,779 1024,355 944,461 2580,273 Total loans and securities 24,292,717 1321,981 6,108,329 1463,818 2090,963 1436,739 1276,769 4309,836 1000,163 624,881 1057,045 949,927 2652,266 Due from foreign banks 22 1 1/ 6 22 1 1 3 1 1 1 1 2 Uncollected cash items 4,392,998 352,754 834,750 296,913 485,398 329,360 303,578 682,502 170,953 114,381 191,037 218,006 413,366 Bank premises 57,146 5,797 7,125 5,184 5,366 4,557 4,229 6,182 2,805 1,242 3,195 1,557 9,907 Other assets 139,964 7,230 33,966 7,994 12,044 8,353 7,809 25.466 6,056 3,293 6,028 6.860 14,865 TOTAL ASSETS 50,395,451 2725,065 13,077,596 3072,208 4422,645 3001,376 2510,190 8773,055 2019,810 1130,018 2111,801 1958,008 55^3,679 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 29, 1955 E.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 25,780,417 1593,673 5,795,863 1802,302 2372,423 1856,905 1303,061 5005,380 1159,106 558,616 1028,708 710,016 2594,364 Depos its: Member bank-reserve accts. 18,594,588 721,156 5,525,041 887,161 1470,592 769,362 859,579 2970,925 648,095 428,107 865,918 973,370 2475,282 U.S.Treasurer-general acct. 344,389 587 337,469 475 540 566 505 542 587 542 546 556 1,474 Foreign 407-139 23,820 1/126,038 28,981 36,127 19,850 17,071 55,580 15,086 9,925 15,086 18,659 40,916 Other 407,944 1,473 334,230 9,523 5,675 1,4?6 1,102 1,039 7,543 1,118 3,073 1,199 40,493 Total deposits 19,754,C60 747,036 6,322,778 926,l4o 1512,934 791,254 878,257 3028,086 671,311 439,692 884,623 993,784 2558,165 Deferred avail, cash items 3,683,622 313,653 628,655 259,042 430,412 291,024 274,952 572,452 142,712 100,543 152,04l 198,551 319,585 Other liabilities and accrued dividends 20,832 1,187 5,882 1,084 2,298 1,050 1,023 3,045 728 595 763 1,111 2,066 TOTAL LIABILITIES 49,238,931 2655,549 12,753,178 2988,568 4318,067 2940,233 2457,293 8608,963 1973,857 1099,446 2066,135 1903,462 5474,180 Capital paid in 294,612 15,328 88,8o4 19,455 28,011 13,302 13,206 39,263 10,311 6,702 11,368 15,478 33,384 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 173,464 10,868 40,225 -11,923 15,339 11,012 9,449 26,834 8,502 5,879 8,4o6 7,776 17,251 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,395,451 2725,065 13,077,596 3072,208 4422,645 3001,376 2510,190 8773,055 2019,810 1130,018 2111,801 1958,008 5593,679 Contingent liability on acceptances purchased for foreign correspondents 26,206 1,572 2/ 7,656 1,913 2,384 1,310 1,127 3,668 995 655 995 1,232 2,699 Industrial loan commitments 3,569 -- — 407 627 11 90 14 -- -- 2,420 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,607,218 1630,330 5,959,245 1862,581 2472,153 1907,384 1360,819 5104,629 1204,651 595,455 1055,249 753,134 2701,588 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 1380,00C Eligible paper 194,521 18,045 — 26,005 -- 46,423 — — 20,700 52,685 30,663 U. 3. Govt, securities 17,055,000 1200,000 3,600,000 1200,000 1500,000 1300,000 1000,000 2900,00 0910,000 500,000 800,000 525,000 l620,00C Total collateral 28,357,521 1858,045 6,270,000 2026,005 2550,000 2021,423 1500,000 5200,000 1285,700 727,685 1110,663 808,000 3000,00C 1/ After deducting $281,076,000 participations of other Federa lReserve Banks. 2/ After deducting $18,550,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis