H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS For Immediate Release H.4.1 OF THE FEDERAL RESERVE SYSTEM August 11, 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 August 10 decreased $86 million to $18,824 million. The principal changes reducing reserves were a decrease of $54 million in Reserve Bank credit, and increases of $49 million in Money in circulation, and $12 million in Foreign deposits with Federal Reserve Banks, The principal offsetting changes were decreases of $16 million in Other deposits with Federal Reserve Banks, and $15 million in Other F. R. accounts (net). Estimated average excess reserves of member banks for the week increased $51 million to $670 million. The decrease of $54 million in average Reserve Bank credit for the week resulted principally from a decrease of $175 million in Float, and increases of $107 million in Member bank borrowings, and $10 million in U. S, Government securities held under repurchase agreement. As of Wednesday, August 10, holdings of U, S, Government securities bought outright and those held under repurchase agreement were unchanged from a week earlier, while Member bank borrowings were $382 million lower. Member Bank Reserves, Weekly Averages of Daily Figures Reserve Bank Credit, Week Ending Change from Week Ending and Related Items Awe. 10. 1955 Aug. 3. 19551 Aug. 11. 1954 (in millions of dollars) Reserve Bank credit: U, S. Government securities— Bought outright—System account 23,983 + 1 - 40 Held under repurchase agreement 72 + 10 + 55 Acceptances— Bought outright 12 + 1 + 12 Held under repurchase agreement 1 + 1 + 1 Loans, discounts, and advances— Member bank borrowings 848 +107 + 666 Other 41 + 1 — 65 Float 627 -175 + 29 Total Reserve Bank credit 25,584 - 54 + 659 Gold stock 21,682 - 219 Treasury currency outstanding 5,003 + 44 —— 52,269 — 54 + 483 Money in circulation 30,285 + 49 + 353 Treasury cash holdings 800 - 5 - 3 Treasury deposits with F, R. Banks 646 + 8 + 62 Foreign deposits with F, R, Banks 434 + 12 — 110 Other deposits with F, R, Banks 396 - 16 - 34 Other F. R, accounts (net) 885 - 15 - 20 33,445 + 32 + 245 Member bank reserve balances— 18.824 — 86 + 238 Required reserves (estimated) 18,154 -137 + 466 Excess reserves (estimated) 670 + 51 - 228 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 21,683 Treasury cash holdings 803 Treasury currency outstanding 5,003 Member bank) - Required (est.) 18,123 Money in circulation 30,289 reserves ) - Excess (est.) 373 On August 10, 1955, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,307 million, an increase of Digiti$ze1d7 fo rm FiRlASlEiRo n for the week and an increase of $251 million from the comparable date a http:/y/feraaserr. staloguiosf.ed .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) Aug. 10, Aug. 3, Aug. 11, l?J>5 1955 1954 A S S E TS ; Gold certificates 20,146,351 14,753 180,751 Redemption fund for F. R. notes 843,569 + 10,432 .• 3,442 Total goId certificate reserves 20,989,920 • 4,321 184,193 F. R. notes of other Banks 208,586 - 13,130 + 87,174 Other cash 357,517 - 37,555 - 16,528 Discounts and advances 565,279 - 381,646 + 77,793 Industrial loans 470 • 1 - 714 Acceptances--Bought outright 12,259 + 963 + 12,259 U. S. Government securities; Bought outright— Bills 1,261,146 __ 4o,6o4 Certificates 2,520,076 -- -4,079,715 Notes 17,399,536 +4,370,515 • - Bonds 2,801,750 — w • 290,800 Total bought outright 23,982,508 -- w 40,604 Held under repurchase agreement Total U. S. Government securities 23,982,508 40,604 - Total loans and securities 24,560,516 380,684 + 48,734 Due from foreign banks 22 •» mm •» ee Uncollected cash items 3,750,762 - 100,254 + 193,117 Bank premises 57,833 + 122 + 4,128 Other assets 209,663 + 10,051 + 68,749 TOTAL ASSETS 50,134,819 525,771 + 201,181 • L I A B I L I T I ES Federal Reserve notes 25,962,855 - 6,553 + 402,101 Deposits: Member bank--reserve accounts 18,496,402 391,241 234,912 U. S. Treasurer--general account 499,250 • 184,576 - 93,762 Foreign 458,945 + 30,372 100,241 • Other 390,175 - 9,945 + 3,668 Total deposits 19,844,772 - 555,390 — ' 425,247 Deferred availability cash items 3,176,129 + 28,442 + 172,606 Other liabilities and. accrued dividends 14,214 + 150 + •518 TOTAL LIABILITIES 48,997,970 533,351 + 149,978 C A P I T AL A C C O U N TS Capital paid in 296,602 + 208 + 22,002 Surplus (Section 7) 660,901 — — + 35,888 Surplus (Section 13b) 27,543 • ™ Other capital accounts 151,803 + 7,372 • 6,687 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,134,819 525,771 + 201,181 *• Ratio of gold certificate reserves to deposit and F. P.. note liabilities combined 45.8# + • 5$ M Contingent liability on acceptances purchased for foreign correspondents 25,187 + 82 + 18,398 Industrial loan commitments 3,260 + 1 + 1,019 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 10, 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 5307595 15 4,903 159,100 16 days to 90 days 34,615 91 7,276 1,102,046 91 days to 1 year 70 243 10,765,699 Over 1 year to 5 years 121 9,527,192 Over 5 years to 10 years 1,013,614 Over 10 years 1,414,857 Digitized for FTRoAtSEaRl 565,279 T70" 12,259 23,992,508 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 10, 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 Redemption fund for F. R. notes Total gold certificate reserves F.R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances-- Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement i i £ 1 <M CVl 5,255,827 1184,094 1784,213 1175,823 831,393 3713,329 818,359 372,035 853,999 697,616 2427,411 843,569 51,884 169,554 59,815 73,661 74,199 50,677 148.628 45,540 24,067 40,551 27,638 77,355 20,989,920 1084,136 5,425,381 1243,909 1857,874 1250,022 882,070 3861,957 863,899 396,102 894,550 725,254 2504,766 208,586 l4,4o6 43,103 9,568 7,230 11,990 44,739 14,534 6,628 9,078 9,077 13,325 24,908 357,517 26,188 65,385 19,165 43,135 16,565 31,103 61,569 18,759 8,020 11,560 13,343 42,725 565,279 32,625 80,060 42,735 30,940 35,810 43,570 115,222 30,445 36,805 42,155 27,023 47,889 470 403 67 12,259 -- 12,259 — -- -- " — -- -- 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 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 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 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 U. S. Government . . , , securities" 23.982.508 1324,410 6,095,035 1459,623 206l,129 l4l2,905 1237,929 4183,197 995,226 581,168 1042,999 961,651 2627,236 Total loans and securities 24,560,516 1357,035 6,187,35^ 1502,761 2092,069 1448,715 1281,499 4298,419 1025,671 618,040 1085,154 988,674 2675,125 Sue from foreign banks 22 1 l/ 6 2 2 1 1 ^ 1 1 . , f , „ ? Uncollected, cash items 3,750,762 279,566 640%939 232,892 344,215 308,956 292,937 601,981 164,807 111,449 193,878 216,324 362,816 Bank premises 57,833 5,767 7,484 5,161 5,377 4,571 4,266 6,151 2,797 1,^5 3,206 1,680 9,966 Other assets 209,663 11,228 51.066 12.447 17,728 12.313 11,386 38.528 8.873 4.972 9,030 9,511 22,581 TOTAL ASSETS 50,134,819 2778,327 12,420,718 3025,905 4367,630 3053,133 2548,001 8883,142 2091,435 1149,067 2206,456 1968,112 5642,893 l/ After deducting $16,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 10, 1955 I,4.1(c) (In thousands of dollars) 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 25,962,855 1584,040 5,843,339 1781,069 2405,696 1886,511 1305,569 5066,166 1170,550 549,809 1039,083 716,468 2614,555 Jeposits: Member bank-reserve accts. 18,496,402 802,647 5,226,763 881,454 1471,388 776,592 876,664 3014,041 677,508 438,123 902,692 967,141 2461,389 U,S.Treasurer-general acct, 499,250 31,021 76,716 37,262 43,027 38,520 37,468 66,038 27,787 18,611 38,469 34,273 50,058 Foreign 458,945 26,880 1/141,736 32,704 40,768 22,400 19,264 62,720 17,024 11,200 17,024 21,056 46,169 Other .872 6.078 Total deposits 19,844,772 862,379 5,758,269 961,292 1561,261 840,085 934,799 3145,046 733,990 469,117 959,109 1023,503 2595,922 )eferred avail, cash items 3,176,129 262,037 496,146 200,370 296,523 265,658 254,940 509,651 141,067 99,637 162,607 173,581 313,912 )ther liabilities and accrued dividends 14.214 957 3,867 725 1.286 746 684. 2.322 537 546 616 • 597 J.331 TOTAL LIABILITIES 48,997,970 2709,413 12,101,621 2943,456 4264,766 2993,000 2495,992 8723,185 2046,144 1119,109 2161,415 1914,149 5525,720 Capital paid in 296,602 15,732 89,097 19,514 28,136 13,395 13,258 39,455 10,393 6,715 11,645 15,680 33,582 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 3ther capital accounts 151.803 9.862 34.611 10.673 13.500 9.909 8.509 22.507 7/758 5.252 7.504 6.991 14.727 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,134,819 2778,327 12,420,718 3025,905 4367,630 3053,133 2548,001 8883,142 2091,435 1149,067 2206,456 1968,112 5642,893 Contingent liability on acceptances purchased for foreign correspondents 25,187 1,512 2/7,345 1,839 2,293 1,260 1,084 3,528 958 630 958 1,184 2,596 [nciustrial loan commitments 3,260 — — 256 627 11 87 12 — 2,267 FEDERAL RESERVE AGENTS* ACCOUNTS F, R. notes outstanding 26,829,843 1634,853 6,013,351 1862,719 2499,934 1935,417 1364,516 5144,145 1220,586 589,414 1066,972 759,516 2738,420 Collateral for F.R. notes: Gold certificates 11,133,000 640,000 2,670,000 725,000 1050,000 675,000 500,000 2400,000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 209,215 30,225 — 39,815 — 33,810 — — 28,925 35,805 40,635 U. S, Govt, securities 17.0SS.00Q 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 28,397,215 1870,225 6,270,000 1964,815 2550,000 2008,810 1500,000 5300,000 1293,925 710,805 1120,635 808,000 3000,000 %/ After deducting $317,184,000 participations of other Federal Reserve Banks. 2J After deducting $ 17,842,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis