H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS For Immediate Release H.4.1 OF THE FED1EAL RESERVE SYSTEM July 14, 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 July 13 increased $170 million to $18,779 million. The principal changes supplying reserves were an increase of $306 millio nin Reserve Bank credit and decreases of $49 million in Other deposit swith Federal Reserve Banks and $12 million in Treasury cash holdings. The principal offsetting changes were increases of $118 million in Money in circulation, $58 million in Foreign deposits with Federal Reserve Banks, and $20 million in Treasury deposits with Federal Reserve Banks, Estimated average excess reserves of member bank sfor the week increased $217 million to $734 million. The increase of $306 millio nin average Reserve Bank credit for the week resulted principally from increases of $251 millio nin U. S, Government securities bought outright and $55 million in Float. As of Wednesday, July 13, holdings of U. S, Government securities bought outright were $99 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $4 million lower, and Member bank borrowings were $96 million lower. Member Bank Reserves, Weekly Averages of Daily Figures Reserve Bank Credit, Week Ending Change from Week Ending and Related Items July 13. 1955 July 6. 19551 July 14. 1954 Reserve Bank credit: U, S. Government securities— Bought outright—System account 23,943 +251 - 969 Held under repurchase agreement 14 + 3 + 14 Acceptances—Bought outright 15 + 15 Loans, discounts, and advances- Member bank borrowings 632 - 3 + 579 Other 54 + 38 —* Float 913 + 55 + 203 Total Reserve Bank credit 25,571 +306 120 — Gold stock 21,679 + 1 250 - Treasury currency outstanding 5,003 + 45 52,253 +307 - 325 Money in circulation 30,416 +118 + 317 Treasury cash holdings 803 - 12 8 - Treasury deposits with F, R. Banks 440 + 20 + 48 Foreign deposits with F. R .Banks 425 + 58 - 340 Other deposits with F. R. Banks 419 - 49 + 60 Other F. R. account s(net) 971 + 1 15 - 33,474 +137 + 63 Member bank reserve balances— 18.779 +170 - 387 Required reserves (estimated) 18,045 - 47 - 359 Excess reserves (estimated) 734 +217 - 28 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 21,679 Treasury cash holdings 801 Treasury currency outstanding 5,003 Member bank) - Required (est.) 18,088 Money in circulation 30,327 reserves ) - Excess (est.) 669 On July 13, 1955, U. S, Government securities held in custody by the Federal Reserve Banks for foreign account were $3,279 million, a decrease of $18 million for the week and an increase of $491 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 FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since July 13, July 6, July 14, 1955. 1955 1954 A S S E TS Gold certificates 20,158,104 + 2,001 - 228,998 Redemption fund for F. R. notes 834,973 + 331 19,934 - Total gold certificate reserves 20,993,077 + 2,332 « 248,932 F. R. notes of other Banks 211,308 + 54,535 + 45,864 Other cash 331,315 + 19,389 - 30,490 Discounts and advances 503,495 - 95,657 + 420,811 Industrial loans 446 + 1 - 490 Acceptances—Bought outright 15,422 + 292 + 15,422 U. S. Government securities: Bought outright— Bills 1,222,200 + 99,400 - 958,875 Certificates 8,273,775 a* *» +1, 673,984 Notes 11,645,837 -1,383,184 -- Bonds 2,801,750 - 290,800 Total bought outright 23,943,562 + 99,400 - 958,875 Held under repurchase agreement 4,000 - — — Total U. S. Government securities 23,943,562 + 95,400 - 958,875 Total loans and securities 24,462,925 + 36 523,132 Due from foreign banks 22 — — Uncollected cash items 4,564,989 + 624,117 + 354,403 Bank premises 57,297 + 216 4- 3,747 Other assets 154,008 + 4,709* + 45,603 TOTAL ASSETS 50,774,941 + 705,334* 352,937 ~ L I A B I L I T I ES Federal Reserve notes 25,982,059 - 36,018* + 309,028 Deposits: Member bank—reserve accounts 18,756,719 + 281,959 - 295,359 U. S. Treasurer—general account 337,545 - 130,751 - 219,521 Foreign 448,817 + 66,339 - 322,635 Other 395,477 - 55,960 4,122 Total deposits 19,938,558 + 161,587 - 841,637 Deferred availability cash items 3,672,760 + 574,402 + 144,886 Other liabilities and accrued dividends 13,800 + 196* 9 TOTAL LIABILITIES 49,607,177 + 700,167* - 387,732 C A P I T AL A C C O U N TS Capital paid in 295,876 313 + 23,056 Surplus (Section 7) 660,901 + 35,888 Surplus (Section 13b) 27,543 Other capital accounts 183.444 4,854 - 24.149 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,774,941 + 705,334* - 352,937 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.7# Contingent liability on acceptances purchased for foreign correspondents 25,733 658 + 15,534 Industrial loan commitments 3,438 + 84l *July 6 figures revised. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 13, 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 455,143 15 8,387 250,450 16 days to 90 days 34,952 219 7,035 6,725,449 91 days to 1 year 13,400 79 — 10,765,699 Over 1. year to 5 years -- 133 — 3,773,493 Over 5 years to 10 years -- -- — l,013,6l4 Over 10 years -- — — 1.414.8*37 Digitized for FRASER Total 503,495 446 15,422 23,943,562 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 13, 1955 \ 8.4.1(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 2 0 , 1 5 8 , 1 04 1054,762 5,431,075 1202,698 1720,090 1194,643 837,752 3581,886 794,391 3 6 5 , 6 82 8 3 6 , 8 99 6 9 9 , 5 26 2438,70< Redemption fund for F. R. notes Total gold certificate reserves 20,993,077 1107,105 5,602,300 1257,544 1793,438 1261,428 888,820 3731,173 840,127 389,806 877,597 727,313 2516,42( F.R. notes of other Banks 2 1 1 , 3 08 11,631 47,482 7,932 9,027 11,533 52,501 17,602 8,252 4,475 7,329 11,490 22,05! Other cash 331,315 23,753 57,463 14,894 39,505 14,573 29,154 59,374 19,667 8,475 11,875 14,185 38,39r, Discounts and advances 503,495 16,350 112,748 45,183 43,553 26,737 27,143 106,715 14,777 36,574 2 8 , 0 96 14,176 31,44; Industrial loans 446 362 84 Acceptances- Bought outright 15,422 15,422 -- -- -- -- — U. S. Govt, securities: Bought outright— Bills 1,222,200 67,494 310,616 74,386 105,040 72,004 63,087 213,185 50,719 2 9 , 6 18 53,153 49,008 133,89C Certificates 8,273,775 456,911 2,102,739 503,558 711,073 487,442 427,076 1443,170 343,345 200,497 359,827 331,762 906,37: Notes 11,645,837 643,130 2,959,731 7 0 8 , 7 89 1000,878 686,103 601,135 2031,348 483,279 282,214 506,477 466,975 1275,77* Bonds 2,801,750 154,724 712,051 170,520 240,791 1 6 5 , 0 62 144,621 488,701 116,267 67,895 121,848 112,344 306,92< Total Held under repurchase agreement Total U. S. Government securities 23.943,562 1322,259 6,085.137 1457,253 2057.782 l4io,6ll 1235,919 4176,404 9 9 3 , 6 10 580,224 1041,305 9 6 0 , 0 89 2622,96c Total loans and securities 24,462,925 1338,609 6,213,307 1502,798 2101,335 1437,348 1263,062 4283,119 1008,387 6 1 6 , 8 82 1069,401 974,265 2654,41! Due from foreign banks 22 1 1/ 6 2 2 1 l 3 l 1 1 1 z Uncollected cash items 4,564,989 329,175 8307925 250,015 455,556 369,463 338,662 734,087 195,713 132,284 237,501 241,684 449,92* Bank premises 57,297 5,799 7,079 5 , 1 84 5,378 4 , 5 86 4 , 2 78 6 , 1 68 2,805 1,242 3 , 1 89 1 , 6 82 9,901 Other assets 154,008 8 , 0 96 37,874 8,993 12,839 8,994 8,412 28,073 6 . 5 61 3.719 6,6o4 7.389 16,45% TOTAL ASSETS 50,774,941 2 8 2 4 , 1 69 1 2 , 7 9 6 , 4 36 3047,362 4 4 1 7 , 0 80 3107,926 2584,890 8859,599 2 0 8 1 , 5 13 1156,884 2213,497 1978,009 5707,57* 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 FEDERA LRESERVE BANK ON JULY 13, 1955 K.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 25,982,059 1613,061 5,838,934 1806,422 2394,614 1870,127 1311,413 5052,149 1166,873 558,022 1033,55 7713,453 2623,43* DMmberSbank-reserve accts. 18,756,719 786,394 5,536,228 884,550 1477,661 825,316 892,573 2922,209 669,363 420,064 8<g,^,7 963,301 2*65,893 U.S,Treasurer-general acct. 337,545 28,051 58,137 25,119 28,035 20,048 26,890 43,117 13,590 19.3% 20.848 21,3% 32,923 Foreign 448,817 26,280 1/138,688 31,974 39,858 21,900 18,834 61,320 16,644 10,950 16,644 20,586 45,13] Other ' " "" " " ' " "" "" LL' Total deposits 19,938,558 843,836 6,048,410 952,490 1550,433 870,409 939,789 3028,180 706,576 451,521 935,801 1006,496 2604,61' Deferred avail, cash ite 3,672,760 295,988 577,773 203,459 365,288 304,919 279,598 610,992 161,243 116,060 197,215 202,500 357,72! Other liabilities and accrued dividends 13.800 880 3t784 712 1.269 740 655 2.284 558 497 591 578 1.25: TOTAL LIABILITIES 49,607,177 2753,765 12,468,901 2963,083 4311,604 3046,195 2531,45 58693,605 2035,250 1126,10 02167,164 1923,027 5587,02! Capital paid in 295,876 15,724 89,015 19,492 28,115 13,361 13,255 39,300 10,336 6,703 11,612 15,558 33,40! 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 66,721 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 2,14' Other capital accounts 183.444 11.360 43.131 12.525 16.133 11.541 9.938 28.699 8*987 6,090 8,829 8,132 18,27 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,774,941 2824,169 12,796,436 3047,362 4417,080 3107,926 2584,890 8859,599 2081,513 1156,884 2213,49 71978,009 5707,57< Contingent liability on acceptances purchased „ for foreign correspondents 25,733 1,542 2/7,537 1,876 2,339 1,285 1,105 3,598 977 642 977 1,208 2,64 Industrial loan commitments 3,438 — — 423 627 11 90 12 —- 2,275 ' FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding 26,841,312 1641,435 6,029,077 1871,167 2492,67 31927,181 1368,625 5149,668 1205,50 5594,505 1063,726 753,826 2744,42) 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 1380,001 Eligible paper ' 152,570 13,150 — 41,290 — 24,070 — — 12,750 35,241 26,069 U. S. 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 l620.00( Total collateral 28,315,570 1853,150 6i270,000 2041^90 2550,000 1999,070 1500,00 05200,000 1277,750 71U,24± i.xuo,UbV «U«,000 >UUU,UU 1/ After deducting $310,104,000 participations of other Federal Reserve Banks. \ 2/ After deducting $ 18,196,000 participation sof other Federa lReserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis