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 22, 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 for the week ending September 21 increased $17 million to $18,767 million .The principal changes supplying reserves were decreases of $119 millio nin Money in circulation and $42 million in Foreign deposits with Federal Reserve Banks, and an increase of $36 million in Reserve Bank credit. The principal offsetting changes were increases of $148 million in Treasury deposits with Federal Reserve Banks and $48 million in Other F, R, account s(net). Estimated average excess reserves of member bank sfor the week decreased $3 millio nto $625 million. The increase of $36 million in average Reserve Bank credit for the week resulted principally from an increase of $437 million in Float and decreases of $180 million in U, S, Government securities bought outright, $150 million in Member bank borrowings, and $69 million in U, S, Government securities held under repurchase agreement. As of Wednesday, September 21, holdings of U, S, Government securities bought outright were $109 million lower than a week earlie rand Member bank borrowings were $337 million higher. Member Bank Reserves, Weekly Averages of Daily Figures Reserve Bank Credit, WWeeeekk EEnnddiinngg Change from Week Ending and Related Items SSeepptt.. 2211,, 11995555 Sept, 14, 19551 Sept . 22 ,1954 (In mL:l lions of dollars) Reserve Bank credit: U. S, Government securities— Bought outright—System account 23,564 -180 - 225 Held under repurchase agreement — - 69 —— Acceptances— Bought outright 18 + 1 + 18 Held under repurchase agreement —— - 3 Leans, discounts, and advances- Member bank borrowings 741 -150 + 705 Other 27 —— — 79 Float 1.263 +417 + 286 Total Reserve Bank credit 25,613 + 36 + 705 Gold stock 21,683 + 1 - 127 Treasury currency outstanding 5.006 —• + 39 52,302 + 37 + 617 Money in circulation 30,401 -119 + 432 Treasury cash holdings 794 - 9 + 1 Treasury deposits with F, R, Banks 579 +148* + 133 Foreign deposits with F, R, Banks 377 - 42 137 Other deposits with F, R, Banks 394 - 6 - a Other F, R, account s(net) 990 1 ,4,8 + 56 33,535 + 20 + 446 Member bank reserve balances— 18.767 + 17 + 171 Required reserves (estimated) 18,142 + 20 + 451 Excess reserves (estimated) 625 - 3 - 280 ^September 14 figure revised 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 793 Treasury currency outstanding 5,006 Member bank) - Required (est,) 18,125 Money in circulation 30,332 reserves ) - Excess (est.) 464 On September 21, 1955, U. S, Government securities held in custody b ythe Federal Reserve Banks for foreign account were $3,401 million, an increase of $45 million for the week and an increase of $408 million from the comparable date Digitizae d yfoer aFRrA SaEgRo . 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 Sept. 21, Sept. 14, Sept. 22, 1955 1955 1954 A S S E TS Gold certificates *""* 20,155,352 + 9,999 121,748 Redemption fund for F. R. notes 842,064 - 2,987 - 4,988 Total gold certificate reserves 20,997,416 + 7,012 - 126,736 F. R. notes of other Banks 282,960 + 23,544 + 135,277 Other cash 369,973 + 18,942 + 20,199 Discounts and advances 872,270 + 336,584 + 702,331 Industrial loans 706 16 228 - Acceptances—Bought outright 17,217 - 75 + 17,217 U. S. Government securities: Bought outright— Bills 841,746 109,100 207,504 Certificates 2,520,076 — -4,079,715 Notes 17,399,536 +4,370,515 -- Bonds 2,801,750 290,800 - Total bought outright 23,563,108 109,100 207,504 — - Held under repurchase agreement Total U. S. Government securities 23,563,108 109,100 207,504 - - Total loans and securities 24,453,301 + 227,393 + 511,816 Due from foreign banks 22 -- WW Uncollected cash items 4,995,409 - 202,340* + 866,085 Bank premises 59,023 + 108 + 5,367 Other assets 141,225 43,153 9,881 - - TOTAL ASSETS 51,299,329 + 31,506* +1,402,127 L I A B I L I T I ES Federal Reserve notes 26,086,236 - 83,995 + 553,632 Deposits: Member bank--reserve accounts 18,589,017 + 136,845 + 209,855 U. S. Treasurer--general account 716,541 + 289,053* + 202,035 Foreign 403,3^3 - 7,116 ~ 120,939 Other 383,175 + 1,498 4,875 • Total deposits 20,092,076 + 420,280* + 286,076 Deferred availability cash items 3,931,147 - 310,391 + 510,862 Other liabilities and accrued dividends 15,514 589 2,099 - - TOTAL LIABILITIES 50,124,973 + 25,305* +1,348,471 C A P I T AL A C C O U N TS Capital paid in ———— 297,479 + 268 + 21,670 Surplus (Section 7) 660,901 «"«* + 35,888 Surplus (Section 13b) 27,543 «»«• Other capital accounts 188,433 + 5,933 3,902 - TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,299,329 + 31,506* +1,402,127 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 45.5% 1.156 - - Contingent liability on acceptances purchased for foreign correspondents 27,268 + 47 + 21,787 Industrial loan commitments 2,811 + 14 + 631 •September 14 figures revised MATURITY DISTRIBUTION OF LOANS AND SECURITIES. SEPTEMBER 21, 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 851,204 101 4,326 452,950 16 days to 90 days 21,057 4 12,891 6,142,495 91 days to 1 year 9 485 12,452,065 Over 1 year to 5 years 116 2,087,127 Over 5 years to 10 years 1,013,614 Over 10 years Digitized for FRTAoStEaRl 872,270 706 17,217 £3,563,100 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERA LRESERVE BANK ON SEPTEMBER 21; 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 20,155,352 996,102 5,374,087 1170,282 1790,342 1249,966 851,754 3627,474 829,627 314,825 797,644 716,072 2437,177 Redemption fund for F. R. notes 842,064 51,212 176,929 58,563 73,587 70,513 50,060 147,541 45,208 23,960 40,295 27,415 76,781 Total gold certificate reserves 20,997,416 1047,314 5,551,016 1228,845 1863,929 1320,479 901,814 3775,015 874,835 338,785 837,939 743,487 2513,958 F.R. notes of other Banks 282,960 17,486 56,046 24,501 11,531 18,732 46,662 22,505 9,500 10,719 12,580 16,205 36,493 Other cash 369,973 26,802 77,375 17,785 40,128 20,485 27,829 56,748 17,487 7,666 12,715 13,612 51,341 Discounts and advances 872,270 7,450 50,262 57,902 62,827 42,651 55,889 326,003 14,913 92,951 86,740 53,735 20,947 Industrial loans 706 641 f— —— 65 Acceptances-- Bought outright 17,217 17,217 — - — — - — — — -- -- — U. S. Govt, securities: Bought outright— Bills 841,746 46,484 213,925 51,231 72,342 49,590 43,449 146,823 34,931 20,399 36,608 33,752 92,212 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 23,563,108 1301,249 5,988,446 1434,098 2025,084 1388,197 1216,201 4110,042 977,822 571,005 1024,760 944,833 2581,291 Held under repurchase agreement Total U. S. Government securities 23,563,108 1301,249 5,988,446 1434,098 2025,084 1388,197 1216,281 4110,042 977,822 571,005 1024,760 944,833 2581,291 Total loans and securities 24,453,301 1308,699 6,055,925 1492,641 2087,911 1430,848 1272,170 4436,045 992,735 664,021 1111,500 998,568 2602,238 Due from foreign banks 22 1 1/6 2 2 1 1 3 1 1 1 1 2 Uncollected cash items 4,995,409 417,893 948,864 285,940 455,377 387,368 365,044 772,393 210,343 132,457 251,383 258,337 510,010 Bank premises 59,023 5,737 7,524 5,139 5,4o8 4,784 4,264 6,129 3,423 1,474 3,288 1,846 10,007 Other assets 141,225 7,544 34,235 8,117 12,145 8,212 7,831 25,960 5,607 3,365 5,940 7,155 15,114 TOTAL ASSETS 51,299,329 2831,476 12,730,991 3062,970 4476,431 3190,909 2625,615 9094,798 2113,931 1158,488 2235,346 2039,211 5739,163 l/ After deducting $16,000 participation sof other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERA LRESERVE BANK ON SEPTEMBER 21, 1955 H.4«l(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 SanFran, Federal Reserve notes 26,086,236 1571,746 5,872,357 1778,960 2425,77 61940,622 1320,234 5068,964 1182,24 7539,978 1034,802 717,115 2633,435 Deposits: Member bank-reserve accts. 18,589,01? 792,456 5,294,877 873,574 1471,458 787,187 875,903 3034,783 661,344 430,600 891,144 981,492 2494,199 U.S.Treasurer-general acct, 736,541 37,740 158,824 45,506 66,064 50,514 41,798 148,562 23,858 28,117 48,265 41,503 25,79C Foreign 403,343 22,860 1/133,570 27,813 34,671 19,050 16,383 53,340 14,478 9,525 14,478 17,907 39,260 Gther 383,175 2*222 306 567 10.107 4.168 2.866 2.150 3.195 10.106 427 815 1.084 38.718 1 lotal deposits 20,092,076 856,028 5,893,838 957,000 1576,361 859,617 936,234 3239,880 709,786 468,669 954,702 1041,986 2597,975 Deferred avail, cash items 3,931,147 331,906 631,720 241,438 366,601 327,745 314,507 616,580 174,661 118,522 198,592 223^961 384!914 v wU©! 11 71 cl D1I 1 t/l QaSnd. accrued dividends 11,514 966 4.335 789 1.549 735 756 2.526 557 466 582 776 1.477 TOTAL LIABILITIES 50,124,973 2760,646 12,402,250 2978,187 4370,28? 3128,719 2571,731 8927,950 2067,25 11127,635 2188,67 81983,838 5617,001 P Ei a ,f I IE »S E II II « 11II IE TOTAL^IABILITlS^ND 44,281 12^6 16,567 11,938 10J02 29.310 9.142 6.097 9.045 8.363 18.728 CAPITAL ACCOUNTS 51,299,329 2831,476 12,730,991 3062,970 4476,431 3190,909 2625,615 9094,79 82113,931 1158,488 2235,34 62039,211 5739,163 Contingent liability on acceptances purchased for foreign correspondents 27,268 1,638 2/7,939 1,993 2,484 1,365 1,174 3,822 1,038 682 1,038 1,283 2,812 Industrial loan commitments 2,811 — — 132 327 11 85 11 L — ^245 ~ -- 2 FEDERAL RESERVE AGENTS* ACCOUNTS CollateralSfo^^R^iotes• 27,063,220 1632»701 6>°79,779 1846,526 2521,904 1999,119 1387,47 65161,00? 1235,479 583,610 1068,219 759,523 2787,877 Gold certificates 11,363,000 640,000 2,6?0,000 725,000 1070,000 745,000 500,000 2400,000 375,000 175,000 280,000 283,000 1500,000 t lm gggg j&g s?g &%} Eligible paper 295,034 5,850 - 55,955 - 41,318 - - 13,900 92*284 85*727 -- - 1/' After deducting $269,748,000 participations of other Federa lReserve Banks. 2/ After deducting $19,329,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis