H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS For Immediate Release H'4.1 OF THE FEDERAL RESERVE SYSTEM September 1, 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 31 decreased ^59 million to $18,614 million. The principal change' reducing reserves was a decrease of $208 million in Reserve Bank credit. The principal offse ting changes were decreases of #115 million in Treasury deposits with Federal Reserves Banks, $20 million in Money in circulation, and $16 million in Foreign eposi s wi e eral Reserve Banks, Estimated average excess reserves of member banks for the week decreased $80 million to $490 million. , !he decrease of $208 million in average Reserve Bank credit for the week rpc 1l1 + or1 resulted principally from decreases of $220 million in Float and $35 million in bank'borro™gs! bought outright and an increase of $53 million in Member e l r l C T L b er Member Bank Reserves, Weekly Averages of Dailv Fi mires Reserve Bank Credit, WWeeeekk EEnnddiinngg Change from Week Ending - and Related Items AAuugg,, 3311.. 11995555 Aug. 24. 19551 Sent. 1 . 1954 (In mi]L lions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright—System account 23,761 - 35 - 84 Held under repurchase agreement Acceptances—Bought outright - 93 15 — + 15 Loans, discounts, and advances— Member bank borrowings 740 + 51 + 645 Other Float 31 - 5 — 60 671 -220 + 95 Total Reserve Bank credit 25,217 -208 + 518 Gold stock 21,68t-% - 1 — 156 Treasury currency outstanding 5,005 —— + 43 51,904 -208 + 405 Money in circulation 30,268 - 20 + 381 Treasury cash holdings 803 Treasury deposits with F. R. Banks —— — 5 479 -115 — 72 Foreign deposits with F. R, Banks 399 - 16 — 66 Other deposits with F, R. Banks 394 + 1 — 122 Other F. R. accounts (net) 946 —— + 20 33,290 -150 + 138 Member bank reserve balances— 18.614 - 59 + 268 Required reserves (estimated) 18,124 + 21 + 521 Excess reserves (estimated) 490 - 80 - 253 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 802 •Treasury currency outstanding 5,005 Member bank) - Required (est.) 18.144 Money in circulation 30,319 reserves ) - Excess (est.) 224 ; t he Tr s Digitized for FRASER http:a//f rayseera.srtl ouaisgfeod?.o rg^/ an increase °f $392 million from the comparable date 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. 31, Aug., 24, Sept* 1, 1955 1955 1954 A S S E TS Gold certificates 20,145,352 + 9,999 141,751 Redemption fund for F. R. notes 847,549 - 3,706 + 7,308 Total gold certificate reserves 20,992,901 + 6,293 - 134,443 F. R. notes of other Banks 214,237 - 21,843 + 84,702 Other cash 362,191 - 4,319 + 993 Discounts and advances 470,005 + 36,532 + 176,820 Industrial loans 585 + 58 - 20 Acceptances—Bought outright 14,418 — 26 + 14,418 U. S. Government securities: Bought outright-- Bills 1,039,046 35,300 134,104 Certificates 2,520,076 -- -4,079,715 Notes 17,399,536 +4,370,515 Bonds 2,801,750 «"— - 290,800 Total bought outright 23,760,408 - 35,300 - 134,104 Held under repurchase agreement -- — - 128,600 Total U. S. Government securities 23*760,408 - 3?,300 - 262,704 Total loans and securities 24,245,416 + 1,264 • 71,486 Due from foreign banks 22 — "» -- Uncollected cash items 3,838,819 + 14,352 + 398,724 Bank premises 58,016 • 72 + 4,285 Other assets 168,094 + 7,576 + 27,347 TOTAL ASSETS 49,879,696 + 3,251 + 310,122 L I A B I L I T I ES Federal Reserve notes 26,003,697 + 60,020 + 427,648 Deposits: Member bank--reserve accounts 18,367,675 + 152,987 162,432 U. S. Treasurer--general account 393,495 - 191,667 - 197,548 Foreign 387,189 - 22,745 - 95,949 Other 383,257 + 6,559 • 21,129 Total deposits 19,531,616 • 54,866 - 477,058 Deferred availability cash items 3,173,643 - 8,295 + 306,907 Other liabilities and accrued dividends 14,850 + 261 + 125 TOTAL LIABILITIES C A P I T AL A C C O U N TS Capital paid in 296,872 + 220 + 22,000 Surplus (Section 7) 660,901 -- + 35,888 Surplus (Section 13b) 27,543 Other capital accounts 170,574 + 5,911 5,386 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,879,696 + 3,251 +310,122 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.1$ .2# Contingent liability on acceptances purchased for foreign correspondents 27,186 + 46 + 21,852 Industrial loan commitments 3*417 + 58 + 624 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST 31. 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 436,800 15 5,227 223,400 " 16 days to 90 days 33,141 93 9,191 815,646 91 days to 1 year 64 357 18,205,764 Over 1 year to 5 years 120 2,087,127 Over 5 years to 10 years 1,013,614 DigitizOedv eforr F R1A0S EyRe ars 1.414,857 http://fraser.stlTouoistfeadl.o rg/ 470,005 585 14,418 23,760,406 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 31, 1955 3.4.1(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. Sold certificates 20,145,352 982,382 5,319,018 1144,949 1779,774 1221,458 808,447 3801,567 804,820 355,561 835,101 702,861 2389,4l4 Redemption fund for F. R. notes Total gold certificate reserves 20,992,901 1033,892 5,497,092 1204,098 1853,853 1293,510 858,791 3949,599 850,183 379,568 875,508 730,375 2466,432 F.R. notes of other Banks 214,237 16,349 35,232 12,960 8,093 15,117 45,187 17,759 7,900 14,012 9,232 10,055 22,341 Other cash 362,191 27,167 68,053 19,232 41,601 20,750 30,299 59,046 19,959 8,317 11,725 13,034 43,008 Discounts and advances 470,005 14,805 47,372 66,639 24,117 4l,f98 *2,597 75,595 22,378 32,743 32,323 18,372 51,266 Industrial loans 585 519 66 Acceptances— Bought outright 14,418 -- 14,418 -- — •• -• — - -- -- -- -- U. S. Govt, securities: Bought outright-- Bills 1,039,046 57,380 264,068 63,239 89,299 61,213 53,633 181,238 43,118 25,180 45,188 4l,664 113,826 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 23,760,408 1312,145 6,038,589 1446,106 2042,041 1399,820 1226,465 4144,457 986,009 575,786 1033,340 BeId under repurchase agreement Total U. S. Government securities 23,760,408 1312,145 6,038,589 1446,106 2042,04l 1399,820 1226,465 4144,457 986,009 575,786 1033,340 952,745 2602,905 Total loans and securities 24,245,416 1326,950 6,100,379 1513,264 2066,158 l44l,6l8 1269,062 4220,052 1008,387 608,595 1065,663 971,117 2654,171 Due from foreign banks 22 1 1 /6 2 2 1 1 3 1 1 1 1 2 Uncollected cash items 3,838,819 289,800 774,425 228,558 383,192 297,480 263,377 619,471 155,111 108,478 196,293 196,469 326,165 Bank premises 58,016 5,735 7,462 5,139 5,363 4,660 4,266 6,129 2,790 1,403 3,295 1,782 9,992 Dther assets 168,094 9,010 40,753 9,956 14,573 9.731 9,210 30,672 7,239 3.985 7,258 7.810 17,897 TOTAL ASSETS 49,879,696 2708,904 12,523,402 2993,209 4372,835 3082,867 2480,193 8902,731 2051,570 1124,359 2168,975 1930,643 5540,008 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 OH AUGUST 31, 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.Louis Mpls. Kans.Cy, Dallas SanPran Federal Reserve notes 26,003,697 1576,609 5,861,666 1774,952 2416,281 1918,925 1312,529 5060,724 1175,534 544,797 1037,689 716,092 2607,89' Deposits: Member bank-reserve accts. 18,367,675 747,341 5,299,283 870,628 1468,078 784,621 840,008 3063,122 650,900 415,789 870,747 942,054 2415,10, U.S.Treasurer-general acct. 393,495 26,457 35,936 35,722 34,203 35,982 31,152 46,408 26,794 22,767 35,412 30,539 32,12: Foreign 387,189 22,620 1/120,248 27,521 34,307 18,850 16,211 52,780 14,326 9,425 14,326 17,719 38,8% Other 383.257 1.528 314.430 9.717 4.517 2.082 1.245 1.937 7.032 739 1.032 1.131 37.86' Total deposits 19,531,616 797,946 5,769,897 943,588 1541,105 841,535 888,616 3164,247 699,052 448,720 921,517 991,443 2523,95' Deierred avail, cash items 3,173,643 263,439 563,867 190,129 309,122 260,606 225,447 511,770 130,437 100,027 163,375 167,918 287,50< Other liabilities and accrued dividends 14.850 965 4.130 846 1.686 633 652 2.529 534 412 624 512 1.32' TOTAL LIABILITIES 48,723,806 2638,959 12,199,560 2909,515 4268,194 3021,699 2427,244 8739,270 2005,557 1093,956 2123,205 1875,965 5420,68: Capital paid in 296,872 15,790 88,899 19,569 28,303 13,407 13,262 39,502 10,394 6,740 11,652 15,681 33,67: 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 66,72 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 170.574 10.835 39.554 11.863 15.110 10.932 9.445 25.964 8.479 5.672 8.226 7.705 16.78' TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,879,696 2708,904 12,523,402 2993,209 4372,835 3082,867 2480,193 8902,731 2051,570 1124,359 2168,975 1930,643 5540,00: Contingent Liability on acceptances purchased for foreign correspondents 27,186 1,632 2/7,929 1,986 2,475. 1,360 1,170 3,808 1,033 680 1,033 1,278 2,80; Industrial loan commitments 3,417 — — 255 787' 11 . 85 12 — — 2,26? — — FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding 26,899,655 1630,853 6,047,231 1847,621 2509,546 1970,413 1367,383 5148,844 1224,433 585,657 1063,985 756,288 2747,40: Collateral, for F.R, notes: Gold certificates 11,153,000 640,000 2,670,000 725,000 1050,000 695,000 500,000 2400,000 355,000 175,000 280,000 283,000 1380,001 Eligible paper 203,113 13,205 — 64,692 — 40,465 — — 21,365 32,076 31,310 U. S. Govt, securities 17.055.000 1200,000 q.600.000 1200.000 1500.000 1300.000 1000.000 2900.000 910.000 500.000 800.000 525.000 1620.00 AOtal collateral 28,411,113 1853,205 6,270,000 1989,692 2550,000 2035,465 1500,000 5300,000 1286,365 707,076 1111,310 808,000 3000,00 ; l/ After deducting $266,916,000 participations of other Federal Reserve Banks. 2/ After deducting $19,257,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis