H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.BOARD OF GOVERNORS For Immediate Release H.4.1 OF THE FEDERA LRESERVE SYSTEM August 4, 1955 WEEKLY AVERAGES OF MEMBER BAN KRESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS The weekly average of Member ban kreserve balances fo rthe week ending August 3 decreased #3 5million to $18,910 million .The principal changes reducing reserves were increases of $15million in Treasury deposits with Federa lReserve Banks and $79 million in Mone yin circulation. The principal offsetting changes were an increase of $132 million in Reserv eBank credit and decreases of $67 millio nin Other F, R, account s(net) and $17 million in Foreig ndeposits with Federa lReserve Banks, Estimated average excess reserves of member bank sfor the week increased $13 million to $619 million. The increase of $132 million in averag eReserve Bank credit for the week resulted principally from an increase of $34 6million in Membe rbank borrowings and decreases of $113 millio nin Float, $53 million in U, S. Government securities bought outright, and $43 million in U, S, Government securities held under repurchase agreement. As of Wednesday ,August 3, holdings of U ,S, Government securities bought outright were $56 million lower than a week earlier, U, S. Government securities held under repurchase agreement were $108 millio nlower, and Member ban kborrowings were $398 millio nhigher. Holdings of certificate sdecreased $5,754 million and notes increased a like amount, reflecting the exchange of certificate smaturing August 15 for Series B - 195 6notes. Member Bank Reserves, Weekly Averages of Dail yFigures Reserve Bank Credit, Week Ending Change from Week Ending and Related Items Aug. 3. 1955 July 27. 19551 Aug. 4. 1954 (In millions of dolla5rrs Reserve Bank credit; U. S, Government securities— Bought outright—System account 23,982 - 53 - 343 Held under repurchase agreement 62 - 43 + 62 Acceptances—-Bought outright 11 — + 11 Loans, discounts, an dadvances— Member bank borrowings 741 +346 + 670 Other 40 - 4 - 65 Float 802 -113 + 149 Total Reserve Bank credit 25,638 +132 + 484 Gold stock 21,682 + 1 — 226 Treasury currency outstanding 5,003 + 1 + • 4? 52,323 +134 + 301 Money in circulation 30,236^ + 79 + 346 Treasury cash holdings 805-3 + 7 + 3 Treasury deposits with F. R, Banks 638 +158 104 - Foreign deposits with F, R, Banks 422 - 17 - 104 Other deposits with F. R, Banks 412 + 9 - 43 Other F, R. account s(net) 900 - 67 - 8 33,413 +169 + 89 Member bank reserve balances— 18.910 - ?5 + 212 Required reserves (estimated) 18,291 — 48 + 625 Excess reserves (estimated) 619 + 13 413 - For Wednesday Federal Reserve figures see STATEMEN TOF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED - attached. Latest Wednesday figures for other items appearing above are, in million sof dollars: Gold stock 21,682 Treasury cash holdings 805 Treasury currency outstanding 5>003 Member bank) - Require d(est.) 18,255 Money in circulation 30,238 reserves ) - Exces s(est.) 633 On Aug, 3, 1955 ,U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,290 million, an increase of $43 million for the week and an increase of $23 3million from the comparable date Digitizaed fyore FaRrA SaERg o. 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 Aug. 3, July 27, Aug. 4, 1955 19?? 1954 A S S E TS Gold certificates 20,161,104 + 1 - 205,998 Redemption fund for F. R. notes 833,137 + 1 17,417 - Total gold certificate reserves 20,994,241 + 2 - 223,415 F. R. notes of other Banks 221,716 - 12,868 + 102,789 Other cash 395,072 + 29,651 + 12,328 Discounts and advances 946,925 4" 397,608 + 776,939 Industrial loans 471 + 110 585 • Acceptances--Bought outright 11,296 + 958 + 11,296 U. S. Government securities: Bought outright— Bills 1,261,146 55,554 342,604 - - Certificates 2,520,076 -5,,7 53,699 -4,079,715 Notes 17,399,536 +5,753,699 +4,370,515 Bonds 2,801,750 —«» - 290,800 Total bought outright 23,982,508 - 55,554 - 342,604 Held under repurchase agreement 108,000 *• - - - Total U. S. Government securities 23,982,508 163,555 342,604 - - Total loans and securities 24,941,200 + 235,122 + 445,046 Due from foreign banks 22 Uncollected cash items 3,851,016 - 124,726 + 432,691 Bank premises 57,711 + 33 + 4,047 Other assets >99,612 + 31,576 + 67,040 TOTAL ASSETS 50,660,590 + 150,790 + 040^526 L I A B I L I T I ES Federal Reserve notes 25,969,408 + 136,469 + 415,223 Deposits: Member bank—reserve accounts 18,887,643 - 31,414 + 154,152 U. S. Treasurer--general account 683,826 + 225,993 + 7,086 Foreign 428,573 - 14,314 - 96,133 Other 400,120 + 9,029 28,081 Total deposits 20,400,162 + 189,294 + 37,024 Deferred availability cash items 3,147,687 - 117,574 + 338,290 Other liabilities and accrued dividends 14,064 740 49 : TOTAL LIABILITIES 49,531,321 + 207,449 + 790,46b C A P I T AL A C C O U N TS Capital paid in 296,394 109 + 22,471 Surplus (Section 7) 660,901 + 35,888 Surplus (Section 13b) 27,543 Other capital accounts 144,431 48,768 - * 8,321 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,660,590 150,790 + 840,526 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 45.3$ .9% Contingent liability on acceptances purchased for foreign correspondents 25,105 2,103 + 16,70: Industrial loan commitments 3,259 259 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 3, 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 997,56b ' 15 4,652 230,300 16 days to 90 days 49,292 90 6,644 1,030,846 91 days to 1 year 67 245 10,765,699 Over 1 year to 5 years 121 9,527,192 0vet 5 years to 10 years 1,013,614 Over 10 years 1.414.897 Digitized for FRATSoEtRa l 946,925 471 11,296 23,982,508 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERA LRESERVE BANK ON AUGUS T3, 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 20,161,104 1037,898 5,302,305 1204,554 1768>039 1185,301 806,625 3711,674 778,869 374,696 863,373 711,451 2416,319 Redemption fund for F. R. notes 833,137 52,164 170,363 56,552 73,063 65,398 50,909 149,021 45,652 24,100 40,636 27,722 77.557 Total gold certificate reserves 20,994,241 1090,062 5,472,668 1261,106 1841,102 1250,699 857,534 3860,695 824,521 398,796 904,009 739,173 2493,876 F.R. notes of other Bank s221,716 14,685 37,483 13,411 13,427 15,031 44,620 14,695 7,613 12,609 6,531 14,791 26,820 Other cash 395,072 56,529 62,797 22,995 4l,6o8 17,592 33,067 61,961 19,757 9,145 12,192 l4,i82 43,247 Discounts and advances 946,925 19,925 367,405 4l,76o 102,320 49,115 56,020 99,022 63,495 27,505 49,515 17,723 53,120 Industrial loans 471 •• * — 404 — — — — 67 — — — — Acceptances— Bought outright 11,296 — — 11,296 —— —— —— —— —— —— —— —« — — —— U. S. Govt, securities: Bought outright— Bills 1,261,146 69,645 320,514 76,756 108,387 74,298 65,097 219,978 52,335 30,562 54,847 50,570 138,157 Certificates 2,520,076 139,169 640,465 153,376 216,583 148,469 130,082 439,569 104,578 61,068 109,598 101,050 276,069 Notes 17,399,536 960,872 4,422,005 1058,971 1495,368 1025,076 898,129 3034,949 722,046 421,643 756,706 697,687 1906,084 UVJ- > 1 vv ("• [ 1 V, JC.\J y ( yd. , VU<L y yJCLL *tUUf (Ui, 9CLV( O f i-cLl. f 0*ri0- 1 .jUO f ycjO Total 23,982,508 1324,410 6,095,035 1459,623 2061,129 1412,905 1237,929 4183,197 995,226 581,168 1042,999 961,651 2627,236 Held under repurchase agreement Total U. S. Government securities 23,982,508 1324,410 6,095,035 1459,623 2061,129 1412,905 1237,929 4183,197 995,226 581,168 1042,999 961,651 2627,236 Total loans and securities 24,941,200 1344,335 6,473,736 1501,787 2163,449 1462,020 1293,949 4282,219 1058,721 608,740 1092,514 979,374 2680,356 Due from foreign banks 22 l l/ 6 2 2 1 1 3 1 1 1 X 2 Uncollected, cash items 3,851,016 2#,866 7107859 238,890 353,252 302,151 280,402 6l4,330 163,619 111,182 193,726 200,728 383,011 Bank premises 57,711 5,767 7,484 5,161 5,360 4,568 4,266 6,149 2,797 1,326 3,206 1,680 9,947 Other assets 199,612 10,668 48,825 11,897 17,222 11.751 10.791 36.257 8,491 4.736 8.627 9.105 21,242 TOTAL ASSETS 50,660,590 2820,913 12,813,858 3055,249 4435,422 3063,813 2524,630 8876,309 2085,520 1146,535 2220,806 1959,034 5658,501 1/ After deducting $16,000 participation sof other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OP CONDITIO NOF EACH FEDERA LRESERVE BANK ON AUGUS T3, 1955 H,4.1(c) (In thousands of dollars) IL I A..B I L I T J. E S Total Boston New York Phila, CIeve. Rich, Atlanta Chicago St.Louis Mpls, Kans.Cy. Dallas SanFran. Federal Reserve notes 25,969,408 1613,884 5,835,380 1790,842 2402,207 1883,849 1305,305 5059,681 1167,963 551,968 1038,682 717,135 2602,512 Deposits: Member bank-reserve accts .18,887,643 804,808 5,597,410 880,893 1516,923 807,880 867,571 2945,424 677,571 427,928 916,419 969,111 2475,705 U . S,Treasurer-genera lacct. 683,826 45,465 99,911 54,247 74,558 36,589 44,657 149,209 32,109 26,397 40,489 26,739 53,456 Foreign 428,573 25,140 1/131,896 30,587 38,129 20,950 18,017 58,660 15,922 10,475 15,922 19,693 43,182 Other 400.120 1.328 312.950 10.188 7.737 2.913 2.428 2.331 10.432 2,153 4.609 2.403 40.648 Total deposits 20,400,162 876,741 6,142,167 975,915 1637,347 868,332 932,673 3155,624 736,034 466,953 977,439 1017,946 2612,991 Deferred avail, cash items 3,147,687 260,884 515,548 205,732 291,895 251,258 234,361 499,788 136,047 97,404 159,432 169,770 325,568 Other liabilities and accrued dividends 14.064 J2k 3.670 765 1.713 627 638 2.599 486 430 550 504 1.208 TOTAL LIABILITIES 49,531,321 2752,383 12,496,765 2973,254 4333,162 3004,066 2472,977 8717,692 2040,530 1116,755 2176,103 1905,355 5542,279 Capital paid in 296,394 15,731 89,070 19,511 28,132 13,389 13,258 39,434 10,391 6,715 11,645 15,680 33,438 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 144.431 9.479 32.634 10.222 12.900 9.529 8.153 21.138 7.459 5.074 7.166 6.707 13.920 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,660,590 2820,913 12,813,858 3055,249 4435,42 23063,813 2524,63 08876,309 2085,520 1146,53 52220,806 1959,034 5658,501 Contingent liability on acceptances purchased for foreign correspondents 25,105 1,506 2/7,334 1,832 2,284 1,255 1,079 3,514 954 628 954 1,180 2,585 Industrial loan commitments 3,259 — — 255 627 11 87 12 2,267 FEDERAL RESERVE AGENTS' ACCOUNTS F. R, notes outstanding 26,850,087 1642,583 6,015,422 1868,501 2506,479 1934,237 1360,090 5138,66 11218,670 591,391 1066,082 755,182 2752,789 Collateral for F.R. notes: Gold certificates 11,208,000 640,000 2,670,000 800,000 1050,000 675,000 500,000 2400,000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 239,955 17,525 38,840 47,115 61,975 26,505 47,995 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 1620.000 Total collateral 28,502,955 1857,525 6,270,000 2038,840 2550,000 2022,115 1500,000 5300,000 1326,975 701,505 1127,995 808,000 3000,000 l/ After deducting #296,652,000 participations of othe rFederal Reserve Banks, 2/ After deducting $ 17,771,000 participation sof other Federa lReserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis