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 25, 1955 MEEKLY 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 24 decreased $84 million to $18,673 million. The principal changes reducing reserves were increases of $87 million in Treasury deposits with Federal Reserve Banks and $36 million in Other F, R. accounts (net), and a decrease of $70 million in Reserve Bank credit. The principal offsetting changes were decreases of $59 million in Foreign deposits with Federal Reserve Banks and $48 million in Money in circulation. Estimated average excess reserves of member banks for the week decreased $22 million to $570 million. The decrease of $70 million in average Reserve Bank credit for the week resulted principally from decreases of $95 million in U. S, Government securities bought outright, $62 million in Member bank borrowings, and $10 million in Other loans, discounts, and advances, and an increase of $97 million in Float, As of Wednesday, August 24, holdings of U, S, Government securities bought outright were $59 million lower than a week earlier and Member bank borrowings were $185 million lower. Member Bank Reserves, Weekly Averages of Daily Figures Reserve Bank Credit, Week Ending Change from Week Ending and Related Items Aug. 24. 1955 Aug. 17. 19551 Aug. 25. 1%A (In millions of dollars) Reserve Bank credit: U. S, Government securities— Bought outright—System account 23,796 - 95 + 49 Held under repurchase agreement w— 66 — Acceptances— Bought outright 15 + 2 + 15 Held under repurchase agreement - 1 —— Loans, discounts, and advances— Member bank borrowings 689 — 62 + 601 Other 36 - 10 - 55 Float 891 + 97 + 193 Total Reserve Bank credit 25,425 - 70 + 735 Gold stock 21,682 —— - 176 Treasury currency outstanding _L001 ±_2.. + 44 52,112 - 68 + 603 Money in circulation 30,288 — 48 + 438 Treasury cash holdings 803 + 6 - 4 Treasury deposits with F. R, Banks 594 + 87 + 28 Foreign deposits with F, R, Banks 415 - 59 142 - Other deposits with F, R, Banks 393 - 7 — 57 Other F« R, accounts (net) 946 + 36 + 19 33,440 + 16 + 284 Member bank reserve balances— 18,673 — 84 + 320 Required reserves (estimated) 18,103 - 62 4 476 Excess reserves (estimated) 570 - 22 - 156 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 809 Treasury currency outstanding 5,005 Member bank) - Required (est,) 18,081 Money in circulation 30,232 reserves ) - Excess (est.) 134 On August 24, 1955, U, S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,384 million, an increase of Digit$ize5d8 f orm FiRlAlSiERo n for the week and an increase of $372 million from the comparable date http:/a/fr ayseer.astrlo uiasfgeod..or g/ 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. 24, Aug. 17, Aug. 25, 1955 1955 1954 A S S E TS Gold certificates 20,135,353 ~ 998 - 191,751 Redemption fund for F. R. notes 851,255 + 849 + 6,779 Total gold certificate reserves 20,986,608 - 149 - 184,972 F. R. notes of other Banks 236,080 + 20,6l4 + 94,042 Other cash 366,510 + 9,500 • 9,963 Discounts and advances 433,473 - 198,812 + 120,614 Industrial loans 527 - 5 - 115 Acceptances: Bought outright 14,444 + 1 + 14,444 Held under repurchase agreement 2,509 U. S. Government securities: Bought outright— . Bills 1,074,346 59,100 28,804 Certificates 2,520,076 — -4,079,715 Notes 17,399,536 -- +4,370,515 Bonds 2,801,J50 - 290,800 Total bought outright 23,795,708 - 59,100 - 28,804 Held under repurchase agreement «»«• - 83,800 Total U. S. Government securities 23,795,708 - 59,100 - 112,604 Total loans and securities 24,244,152 - 260,425 + 22,339 Due from foreign banks 22 Uncollected cash items 3,824,467 • 899,018 + 413,714 Bank premises 58,088 + 103 + 4,390 Other assets 160,518 + 6,842 + 27,594 TOTAL ASSETS 59,876,445 -1,122,533 + 367,144 L I A B I L I T I ES Federal Reserve notes 25,943,677 - 46,992 + 475,850 Deposits: Member bank—reserve accounts 18,214,688 399,133 364,619 U. S. Treasurer—general account 585,162 + 42,746 - 10,765 Foreign 409,934 - 47,662 ~ 151,977 Other 376,698 - 18,820 - 40,434 Total deposits 19,586,482 - 422,869 - 567,815 Deferred availability cash items 3,181,938 - 658,794 + 408,028 Other liabilities and accrued dividends 14,589 - 78 - 725 TOTAL LIABILITIES 48,726,685 -1,128,733 + 315,338 C A P I T AL A C C O U N TS Capital paid in 296,652 + 185 + 21,753 Surplus (Section 7) 660,901 + 35,888 -- Surplus (Section 13b) 27,543 Other capital accounts 164,663 + 6,015 - 5,835 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,876,445 -1,122,533 + Ratio of gold certificate reserves to deposit and F. R, note liabilities combined 46.1# .5$ .3$ Contingent liability on acceptances purchased for foreign correspondents 27,140 + 1,926 + 21,846 Industrial loan commitments 3,359 + 62 + 581 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST 24, 1955 I (Acceptances and securities held under repurchase agreement are classified as featuring within 15 days in accordance with maximum maturity of the agreements.) Discounts and Industrial U. S. Government advances loans Acceptances securities Within 15 days 401,286 IT 7,105 160,600 IB days to 90 days 32,120 90 7,339 913,746 91 days to 1 year 67 302 18,205,764 Over 1 year to 5 years 119 2,087,127 Over 5 years to 10 years 1,013,614 DigitizeOdv feorr F R1A0S EyR ears 3.414.857 http://fraser.stloTuoistfeadl.o rg/ 433,473 527 14,444 23,795,708 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 24, 1955 H.4.l(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 20,135,353 974,530 5,248,663 1160,725 1824,795 1197,602 824,617 3741,703 868*709' 380,023 836,159 708,872 2428,955 Redemption fund for F. R. notes 851,255 51,713 178,834 59,515 74,393 73,160 50,527 148,357 45,457 24,039 40,474 27,585 77,201 Total gold certificate reserves 20,986,608 1026,243 5,427,497 1220,240 1899,188 1270,762 875,144 3890,060 854,166 404,062 876,633 736,457 2506,156 F.R. notes of other Banks 236,080 14,338 44,472 13,852 9,311 14,267 49,542 19,126 9,133 10,024 10,738 15,298 25,979 Other cash 366,510 26,751 69,043 19,371 42,897 19,979 28,855 59,496 20,643 7,811 12,231 13,586 45,847 Discounts and advances 433,473 28,550 66,812 54,837 28,727 54,578 52,002 40,980 13,003 24,518 36,153 19,557 13,756 Industrial loans 527 —— 46l — * •• 66 Acceptances— Bought outright 14,444 lU j -4-UU —— - — —— — -- -- -- U. S. Govt, securities: Bought outright- Bills 1,074,346 59,329 273,039 65,388 92,333 63,293 55,455 187,395 44,583 26,036 46,723 43,079 117,693 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 Bonds 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 23,795,708 1314,094 6,047,560 1448,255 2045,075 1401,900 1228,28? 4150,614 987,474 576,642 1034,875 954,160 2606,772 Held under repurchase agreement Total U, S. Government securities 23,795,708 1314,094 6,047,560 1448,255 2045,075 1401,900 1228,287 4150,6l4 987,474 576,642 1034,875 954,160 2606,772 Total loans and securities 24,244,152 1342,644 6,128,816 1503,553 2073,802 1456,478 1280,289 4191,594 1000,477 601,226 1071,028 973,717 2620,528 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 1 2 Uncollected cash items 3,824,467 277,580 6767856 231,655 348,786 315,289 301,183 613,996 156,682 113,917 203,602 223,097 361,824 Bank premises 58,088 5,735 7,485 5,139 5,370 4,659 4,273 6,154 2,796 1,405 3,295 1,785 9,992 Other assets 160,518 8,517 38,736 9,407 13,751 9,304 8,867 29,332 6,871 3,830 6,922 7,705 17,276 TOTAL ASSETS 49,876,445 2701,809 12,392,911 3003,219 4393,107 3090,739 2548,154 8809,761 2050,769 1142,276 2184,450 1971,646 5587,604 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 AUGUST 24, 1955 H.4.1(c) (in thousands of dollars) T, I A B I L I T I E S Total Boston New York Phila* CIeve. Rich, Atlanta Chicago St.Louis Mpls. Kans.Cy, Dallas SanFran, Federal Reserve notes 25,943,677 1580,552 5,850,738 1781,825 2411,700 1895,130 1303,586 5064,930 1169,958 544,499 1032,009 712,147 2596,603 Deposits: Member bank-reserve accts, 18,214,688 752,191 5,168,979 852,195 1466,952 808,009 875,330 2936,037 646,098 410,285 894,577 956,978 2447,057 UiS*Treasurer-general acct, 585,162 39,200 84,139 51,483 74,302 39,481 37,610 73,156 38,994 41,315 29,555 35,102 40,825 Foreign 409,934 24,120 1/125,293 29,346 36,582 20,100 17,286 56,280 15,276 10,050 15,276 18,894 41,431 Other Total deposits 19,586,482 817,354 5,686,260 942,852 1583,382 869,160 931,198 3067,341 707,730 462,920 940,108 1011,869 2566,308 Deferred avail, cash items 3,181,938 233,418 529,795 194,538 292,523 264,853 259,994 512,830 126,767 104,112 166,113 192,359 304,636 Other liabilities and accrued dividends 14.589 939 3.841 710 1.518 748 750 2.278 498 487 608 820 1.392 TOTAL LIABILITIES 48,726,686 2632,263 12,070,634 2919,925 4289,123 3029,891 2495,528 8647,379 2004,953 1112,018 2138,838 1917,195 5468,939 Capital paid in 296,652 15,771 88,899 19,555 28,145 13,406 13,262 39,501 10,394 6,720 11,652 15,681 33,666 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 164.661 10.455 37.989 11.477 14.611 10.613 9.122 24.886 8.282 5.547 8,068 7.478 16.135 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,876,445 2701,809 12,392,911 3003,219 4393,107 3090,739 2548,154 8809,761 2050,769 1142,276 2184,450 1971,646 5587,604 Contingent liability on acceptances purchased for foreign correspondents 27,140 1,626 2/7,953 1,978 2,466 1,355 1,165 3,794 1,030 678 1,030 1,274 2*791 Industrial loan commitments 3,359 197 787 11 85 12 2,267 FEDERAL RESERVE AGENTS' ACCOUNTS F, R, notes outstanding 26,889,665 1637,919 6,028,038 1855,798 2509,004 1955,442 1361,637 5149,374 1231,327 586,892 1066,780 760,195 2747,259 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 202,646 26,650 52,525 — 52,995 11,800 23,726 34,950 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 28,390,646 1866,650 6,270,000 1977,525 2550,000 2027,995 1500,000 5300,000 1276,800 698,726 1114,950 808,000 3000,000 l/ After deducting $284,616,000 participations of other Federal Reserve Banks, 2/ After deducting $ 19,187,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis