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 18, 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 17 decreased $6? million to $18,757 million. The principal changes reducing reserves were a decrease of $89 million in Reserve Bank credit and increases of $51 million in Money in circulation, $40 million in Foreign deposits with Federal Reserve Banks, and $25 million in other F. R, accounts (net). The principal offsetting change was a decrease of $139 million in Treasury deposits with Federal Reserve Banks, Estimated average excess reserves of member banks for the week decreased $41 million to $592 million. The decrease of $89 million in average Reserve Bank credit for the week resulted principally from decreases of $97 million in Member bank borrowings, $92 million in U, S» Government securities bought outright, and $72 million in U, S, Government securities held under repurchase agreement, and an increase of $167 million in Float, As of Wednesday, August 17, holdings of U, S, Government securities bought outright were $128 million lower than a week earlier and Member bank borrowings were $62 million higher. Member Bank Reserves, Weekly Averages of Daily Figures Reserve Bank Credit, Week Ending Change from Week Ending. and Related Items Aug. 17. 1955 Aug. 10. 19551 Aug. 18. 19 5L (In millions of dollars) Reserve Bank credit: U, S, Government securities— Bought outright—System account 23,891 - 92 + 15 Held under repurchase agreement - 72 - 104 Acceptances— Bought outright 13 + 1 + 13 Held under repurchase agreement 1 mm mm + 1 Loans, discounts, and advances— Member bank borrowings 751 - 97 + 612 Other 46 + 5 — 45 Float 794 +167 + 71 Total Reserve Bank credit 25,495 - 89 + 562 Gold stock 21,682 - 176 Treasury currency outstanding 5,003 —— + 43 52,180 — 89 + 428 Money in circulation 30,336 + 51 + 417 Treasury cash holdings 797 - 3 - 8 Treasury deposits with F, R. Banks 507 -139 — 51 Foreign deposits with F. R. Banks 474 + 40 - 105 Other deposits with F, R, Banks 400 + 4 - 52 Other F, R, accounts (net) 910 + 25 - 4 33,424 - 21 + 197 Member bank reserve balances— 18.757 - 67 + 232 Required reserves (estimated) 18,165 - 26 + 503 Excess reserves (estimated) 592 - 41 — 271 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 21,682 Treasury cash holdings 806 Treasury currency outstanding 5>003 Member bank) - Required (est.) 18,134 Money in circulation 30,310 reserves ) - Excess (est,) 480 On August 17, 1955» U. S, Government securities held in custody by the Federal Reserve Banks for foreign account were $3,326v million, an increase of Digitiz$e1d 9fo r FmRiAlSlEiRo n for the week and an increase of $ 290 million from the comparable date http://afra syere.satloru isafegdo.o.rg / 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 Aug. 17, Aug. 10, Aug. 18, 1955 1955 1954 A S S E TS Gold certificates 20,136,351 10,000 - 190,751 Redemption fund for F. R. notes 850,406 + 6,837 + 5,930 Total gold certificate reserves 20,986,757 - 3,163 - 184,821 F. R. notes of other Banks 215,466 + 6,880 + 83,190 Other cash 357,010 - 507 - 10,403 Discounts and advances 632,285 + 67,006 + 172,298 Industrial loans 532 + 62 274 Acceptances: Bought outright 14,443 + 2,184 + 14,443 Held ttis&er repurstese agreement 2,509 + 2,509 + 2,509 U. S. Government securities: Bought outright-- Bills 1,133,446 127,700 - 21,8o4 Certificates 2,520,076 -4,079,715 Notes 17,399,536 •*- +4,370,515 Bonds 2,801,750 «• — - 290,800 Total bought outright 23,854,808 - 127,700 - 21,804 Held under repurchase agreement -- - 80,000 Total U. S. Government securities 23,854,808 - 127,700 - 101,804 Total loans and securities 24,504,577 - 55,939 + 87,172 Due from foreign hanks 22 Uncollected cash items 4,723,48$ + 972,723 + 637,808 Bank premises 57,985 + 152 + 4,165 Other assets 153,676 - 55,987 + 28,492 TOTAL ASSETS 50,998,978 + 864,159 + 645,603 L I A B I L I T I ES Federal Reserve notes 25,990,669 + 27,814 + 460,877 Deposits: Member bank—reserve accounts 18,613,821 + 117,419 - 162,069 U. S. Treasurer—general account 542,416 + 43,166 - 104,057 Foreign 457,596 1,349 - 89,938 Other 395,518 » 5,343 - 31,503 Total deposits 20,009,351 + 164,579 - 387,567 Deferred availability cash items 3,840,732 + 664,603 + 520,726 Other liabilities and accrued dividends 14,667 + 453 + 506 TOTAL LIABILITIES 49,855,419 + 857,449 + 594,542 C A P I T AL A C C O U N TS Capital paid in 296,467 135 + 21,720 Surplus (Section 7) 660,901 + 35,888 Surplus (Section 13b) 27,543 Other capital accounts 158,648 6,845 6.547 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,998,97$ 064,159 + 645,603 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.6% .2$ .5# Contingent liability on acceptances purchased for foreign correspondents 25,214 + 27 + 18,652 Industrial loan commitments 3,297 + 37 + 680 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 17, 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 600,869 15 9,962 174,700 16 days to 90 days 31,346 95 6,990 958,746 91 days to 1 year 70 302 18,205,764 Over 1 year to 5 years 120 2,087,127 Ovfer 5 years to 10 years 1,013,614 DigitiOzevde forr F1R0AS EyRe ars 1.414.857 http://fraser.stTloouitsfaedl.o rg/ 632,285 532 16,952 23,854,808 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 17, 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 20,136,351 973,850 5,423,053 1152,407 1768,120 1189,616 814,022 3639,286 798,476 384,149 849,450 735,925 2407,99' Redemption fund for F. R. notes 850,406 51,716 178,860 59,524 73,404 73,163 50,538 148.380 45.466 24,043 40,492 27,591 77,22< Total gold certificate reserves 20,986,757 1025,566 5,601,913 1211,931 1841,524 1262,779 864,560 3787,666 843,942 408,192 889,942 763,516 2485,22( F.R. notes of other Banks 215,466 15,436 41,695 10,452 8,038 10,959 43,654 17,617 7,669 8,959 11,364 13,237 26,38 Other cash 357,010 25,391 64,238 19,239 40,616 18,781 30,835 60,010 19,357 8,613 11,933 13,023 44,971 Discounts and advances 632,285 37,600 71,270 64,275 46,125 29,985 51,425 165,722 33,485 26,676 61,660 8,008 36,051 Industrial loans 532 466 66 Acceptances: Bought outright 14,443 14,443 Held under repurchase agreement 2,509 2,509 U. S. Govt, securities: Bought outright— Bills 1,133,446 62,593 288,059 68,984 97,412 66,775 58,505 197,704 47,036 27,468 49,294 45,449 124,161 Certificates 2,520,076 139,169 640,465 153,376 216,583 148,469 130,082 439,569 104,578 61,068 109,598 101,050 276,06c 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 1906,081 JJUUUB f L<1 f JL JL;U,ycU drtKj) (yL lOy , UOf: 144,Ocl 4*00*1 0l1i b,267 67,895 121,848 112,344 306,92* Total - 2 1 3,854,808 1317,358 6,062,580 1451,851 2050,154 1405,382 1231,337 4160,923 989,927 578,074 1037,446 956,530 2613,24( Held under repurchase agreement Total U. S. Government securities 23,854,808 1317,358 6,062,580 1451,851 2050,154 1405,382 1231,337 4160,923 989,927 578,074 1037,446 956,530 2613,24( Total loans and securities 24,504,577 1354,958 6,150,802 1516,592 2096,279 1435,367 1282,762 4326,645 1023,412 604,816 1099,106 964,538 2649,30( Due from foreign banks 22 l 1/6 2 2 11 3 1 11 Uncollected cash items 4,723,485 362,156 8767225 274,474 444,868 374,811 364,782 754,599 191,386 132,186 224,718 238,331 484,94< Bank premises 57,985 5,768 7,485 5,161 5,377 4,613 4,266 6,154 2,797 1,405 3,206 1,785 9,961 Other assets 153,676 8,188 37,105 9,046 13,110 8,929 8,454 28,023 6,559 3,617 6,647 7,472 l6,52( TOTAL ASSETS 50,998,978 2797,464 12,779,469 3046,897 4449,8l4 3ll6,24o 2599,314 8980,717 2095,123 1167,789 2246,917 2001,903 5717,33 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 CF CONDITION OF EACH FEDERAL RESERVE BnNK ON AUGUST 17, 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.Louie Mpls. Kana.Cy. Dallas SanFran. Federal Reserve notes 25,990,669 1581,102 5,854,750 1779,068 2412,928 1893,937 1307,858 5072,541 1171,980 547,443 1038,776 716,532 2613,754 Deposits: Member bank-reserve accts. 18,613,821 783,512 5,365,596 872,000 1475,868 786,895 871,973 3003,652 665,508 430,068 932,674 966,945 2459,130 U.S.Treasurer-general acct. 542,416 34,518 127,982 36,704 47,449 35,312 32,050 53,745 34,418 29,732 31,411 38,549 40,546 Foreign 457,596 27,000 1/138,971 32,850 40,950 22,500 19,350 63,000 17,100 11,250 17,100 21,150 46,375 Other L 312.162 1.750 5.531 7.525 858 1.085 Total deposits 20,009,351 846,866 5,944,711 951,327 1569,192 854,477 925,123 3125,928 724,551 471,908 983,329 1027,729 2584,210 Deferred avail, cash items 33,,884400,,773322 299,273 655,316 232,846 362,777 306,648 313,373 618,594 152,583 117,557 178,928 202,695 400,142 Other liabilities and accrued dividends 14.667 922 3.984 778 1.478 653 625 2.418 485 759 568 721 1.276 TOTAL LIABILITIES 49,855,419 2728,163 12,458,761 2964,019 4346,375 3055,715 2546,979 8819,481 2049,599 1137,667 2201,601 1947,677 5599,382 Capital paid in 296,467 15,747 88,884 19,517 28,145 13,406 13,260 39,465 10,394 6,722 11,651 15,681 33,595 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 158.648 10.234 36.435 11.099 14.066 10.290 8.833 23.776 7.990 5.409 7.773 7.253 15.490 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,998,978 2797,464 12,779,469 3046,897 4449,814 3116,240 2599,314 8980,717 2095,123 1167,789 2246,917 2001,903 5717,331 Contingent liability on acceptances purchased for foreign correspondents 25,214 1,512 2/7,372 1,839 2,293 1,260 1,084 3,528 958 630 958 1,184 2,596 Industrial loan commitments 3,297 193 727 11 87 12 2,267 FEDERAL RESERVE AGENTS * ACCOUNTS F, R t notes outstanding 26,854,557 1636,231 6,022,622 1855,258 2503,235 1944,529 1364,482 5154,982 1215,645 588,300 1071,198 759,766 2738,309 Collateral for F.R. notes: Gold certificates 11,133,000 640,000 2,670,000 72752,50,00000 11005500,,000000 667755,,000000 500,000 2400,000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 240,901 34,900 60,990 — 27,735 31,775 25,551 59,950 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 28,428,901 1874,900 6,270,000 1985,990 2550,000 2002,735 1500,000 5300,000 1296,775 700,551 1139,950 808,000 3000,000 1/ After deducting $318,600,000 participations of other Federal Reserve Banks, 2/ After deducting $ 17,842,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis