H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS For Immediate Release H,4»l OF THE FEDERAL RESERVE SYSTEM September 29, 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 28 decreased $149 million to $18,618 million .The principal changes reducing reserves were a decrease of $135 million in Reserve Bank credit and an increase of $114 million in Treasury deposits with Federal Reserve Banks, The . principal offsetting change was a decreas eof $78 millio nin Money in circulation, Estimated average excess reserves of member bank sfor the week decreased $90 million to $535 million. The decrease of $135 million in average Reserve Bank credit for the week resulted principally from decreases of $303 millio nin Float and $13 million in Other loans, discounts, an dadvances, and increases of $147 million in Member bank borrowings, $23 million in U. S. Government securities bought outright, and $11 million in U, S, Government securities held under repurchase agreement. As of Wednesday, September 28, holdings of U >S, Government securities bought outright were $117 millior thigher tha na week earlier ,U, S. Government securities held under repurchase agreement were $22 million higher, and Member bank borrowings were $197 million lower. Member Bank Reserves, Weekly Averages of Daily Figures Reserve Bank Credit, Week Ending Change from Week Ending and Related Items Sept. 28. 1955 Sept. 21. 19551 Sept. 29 .1954 (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright—System account 23,587 + 23 - 281 Held under repurchase agreement 11 + 11 + 11 Acceptances- Bought outright 18 mmrnm + .18 Held under repurchase agreement 1 + 1 + 1 Loans, discounts, an dadvances— Member bank borrowings 888 +147 + 810 Other 14 - 13 - 100 Float 960 -203 + 333 Total Reserve Bank credit 25,478 -135 + 791 Gold stock 21,683 - 127 Treasury currency outstanding 5.006 —— + 38 52,167 -135 + 702 Money in circulation 30,323 - 78 + 435 Treasury cash holdings 787 - 7 — 8 Treasury deposits with F. R. Banks 693 +114 + 41 Foreign deposits with F, R. Banks 370 - 7 - 141 Other deposits with F. R. Banks 386 - 8 - 51 Other F. R. account s(net) 990 —— + 57 33,550 + 15 + 335 Member bank reserve balances— 18.618 =242 + 368 Required reserves (estimated) 18,083 - 59 + 420 Excess reserves (estimated) 535 - 90 - 52 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 ym Treasury currency outstanding 5,007 Member bank) - Required (est,) 125 Money in circulation 30,338 reserves ) - Exces s(est.) * q 35 e. j •, t, 0n September 28, 1955, U. S. Government securities held in custody b ythe ^\?eSe»Ve Banks for foreign account were $3,459 million ,an increase of $>5v million for the week and an increase of $464 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT 01 CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since Sept. 28, Sept, Tlf Sept. 2^, 1955 1955 1954 A S S E TS Gold certificates 20,153,351 2,001 133,750 Redemption fund for F. R. notes 840,65k - i.»10 1,608 Total gold certificate reserves 20,994,005 : 135,350 F. R. notes of other Banks 268,780 - 14,180 + 131,798 Other cash 363,933 6,040 + 14,196 Discounts and advances 662,085 - 210,185 363,186 Industrial loans 719 + 13 151 Acceptances: Bought outright 17,228 + 11 + 17,228 Held under repurchase agreement 2,234 + 2,234 + 2,234 U. S. Government securities: Bought outright— Bills 958,146 116,400 - 366,104 Certificates 2,520,076 -4,079,715 Notes 17,399,536 +4,370,515 Bonds 2.801,750 - 290,800 Total bought outright 23,679,508 + 116,400 - 366,104 Held under repurchase agreement 22,500 + 22,500 + 22,500 Total U. S. Government securities 23,702,000 + 138,900 - 343,604 Total loans and securities 24,384,274 - 69,027 + 38,893 Due from foreign banks 22 Uncollected cash items 4,300,431 - 694,978 + 675,536 Bank premises 59,156 + 133 + 5,611 Other assets 149,220 + 7,995 9,399 TOTAL ASSETS 50,519,821 - 779,508 + 721,277 L I A B I L I T I ES Federal Reserve notes 26,066,334 - 19,902 512,762 Deposits: Member bank--reserve accounts 18,475,383 - 113,634 144,506 U. S, Treasurer—general account 511,862 - 204,679 257,330 Foreign 383,130 - 20,213 106,068 Other 372,466 - 10,709 25,878 Total deposits 19,742,8il - 349,235 - 244,,77770C Deferred availability cash items 3,512,912 - 418,235 + 399,3)4 Other liabilities and accrued dividends 17,252 467 TOTAL LIABILITIES 49,339,339 + 666,979 C A P I T A L A C C O U N TS Capital paid in 297,671 192 + 21,829 Surplus (Section 7) 660,901 + 35,888 Surplus (Section 13b) 27,543 •4* Ottier capital accounts 194,367 + 5,934 3,319 \ TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,519,821 -779,508 + 721,277 Ratio of gold certificate reserves to deposit dnd F. R. not eliabilities combined 45.856 Contingent liability on acceptances purchased tor foreign correspondents 27,149 119 + 20,871 Industrial loan commitments 2,787 24 + 54t ; MATUBIS1 DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 28, 1955 (Acceptances and securities held under repurchase agreement are classified as m&turing within 15 days in accordance with maximum maturity of the agreements.) Discounts and Industrial U. S. Government advances loans Acceptances securities Withiin 15 days 642,469 102 6,202 440,350 16 days to 90 days 19,609 4 13,260 6,293,995 1 91 day sto 1 year 7 497 12,452,065 Over 1, year to 5 years 116 2,087,127 Ovey 5 years to 10 years Digitized for FRASER 1,013,614 Ovef 10 years http://fraser.stlouisfed.org/ 1.414.857 Federal ReservTe oBtanakl o f St. Louis 6 6 2 . 0 8 5 7 19 19.462 2^.702.008

STATEMENT OF CONDITION OF EACH FEDERA LRESERVE BANK ON SEPTEMBER 28, 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 20,153,351 973,228 5,346,170 ll6o>953 1789,354 1275,107 844,460 3689,303 839,787 311,552 780,852 687,817 2454,76* Redemption fund for F. R. notes Total gold certificate r> 9 -TTsiff ~rv 9 c~c~y e. 1 , jpu fo,u.y< reserves 20,994,005 1024,254 5,522,303 1219,206 1864,654 1344,633 894,343 3836,553 884,917 335,484 821,081 715,175 2531,402 F.R. notes of other Banks 268,780 15,893 51,665 25,714 10,590 18,393 40,073 22,127 9,405 9,740 12,382 16,512 36,286 Other cash 363,933 26,569 73,480 18,610 37,374 20,86l 29,999 55,278 17,958 8,995 12,737 13,490 48,582 Discounts and advances 662,085 4,505 77,893 54,398 62,663 30,369 65,323 180,887 17,257 55,617 64,117 30,183 18,875 Industrial loans 719 654 65 Acceptances: Bought outright 17,228 — - 17,228 -- -- -- -- -- —— — ee mm mm Held under repurchase agreement 2,234 2,234 U. S. Govt, securities: -- " -- • • -- -- Bought outright— Bills 958,146 52,912 243,508 58,315 82,346 56,447 49,457 167,127 39,761 23,219 41,670 38,420 104,964 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 00 £7Q cnR 1 QfY7 £SV~I £ Aifl rtori 11« )i i •$ tin nmr z\d)q -» •*>•>.— />«-!. Held under repurchase agreement 22,500 22,500 Total U. S. Government securities 23,702,008 1307,677 6,040,529.1441,182 2035,088 1395,054 1222,289 4130,346 982,652 573,825 1029,822 949,501 2594.043 Total loans and securities 24,384,274 1312,182 6,137,884 1496,234 2097,751 1425,423 1287,612 4311,233 999,909 629,507 1093,939 979,684 2612,916 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 i 2 Uncollected cash items 4,300,431 323,927 7817739 250,179 430,600 333,427 294,433 175,864 123,241 212,047 232,484 46o,86l 681,629 Bank premises 59,156 5,703 7,524 5,117 5,403 4,289 6,124 3,421 3,402 1,846 4,783 1,471 10,073 Other assets 149,220 8,047 36,392 8,547 12,958 8,779 8,244 27.224 5,930 3,591 6,274 7.370 15.864 TOTAL ASSETS 50,519,821 2716,576 12,610,993 3023,609 4459,332 3156,300 2558,994 8940,171 2097,405 1112,030 2161,863 1966,562 5715,986 l/ After deducting $16,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION CF EhCH FEDERAL RESERVE BANK ON SEPTEMBER 28, 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 SanFran, Federal Reserve notes 26,066,334 1565,732 5,876,183 1775,788 2424,227 1953,861 1323,002 5055,791 1183,851 537,127 1034,750 715,784 2620,238 deposits: Member bank-reserve accts ,18,475,383 730,194 5,331,777 873,591 1490,934 788,610 866,670 3041,901 676,272 398,082 854,330 948,955 2474,067 U.3,.Treasurer-general acct, 511,862 32,519 73,626 32,912 50,255 44,829 40,163 59,354 31,475 26,855 41,561 32,173 46,140 Foreign 383,130 22,200 1/121,145 27,010 33,670 18,500 15,910 51,800 14,060 9,250 14,060 17,390 38,135 Other 372.466 3.022 299.337 9.985 4.435 3.242 1.593 1.432 6.634 1.097 1.532 1.075 39.082 Total deposits 19,742,841 787,935 5,825,885 943,498 1579,294 855,181 924,336 3154,487 728,441 435,284 911,483 999,593 2597,424 Deferred avail, cash items 3,512,912 291,063 573,489 218,307 347,297 283,903 256,735 559,222 137,539 108,051 168,000 194,756 374,550 Other liabilities and accrued dividends 17,252 738 5.130 874 1.871 849 751 2.660 670 518 694 832 1.665 TOTAL LIABILITIES 49,339,339 2645,468 12,280,687 2938,467 4352,689 3093,794 2504,824 8772,160 2050,501 1080,980 2114,92 71910,965 5593,877 Capital paid in 297,671 15,796 89,083 19,575 28,364 13,435 13,342 39,562 10,399 6,777 11,735 15,718 33,885 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 Eharplus (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 194.367 11.992 45.834 13.305 17.051 12.242 10.586 30.454 9.365 6.282 9.309 8.587 19.360 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,519,821 2716,576 12,610,993 3023,609 4459,332 3156,300 2558,994 8940,17 12097,405 1112,030 2161,863 1966,562 5715,986 Contingent liability on acceptances purchased for foreign correspondents 27,149 1,626 a/7,962 1,978 2,466 1,355 1,165 3,794 1,030 678 1,030 1,274 2,791 Industrial loan commitments 2,787 121 327 11 83 2,245 FEDERAL RESERVE AGENTS' ACCOUNTS F. R» notes outstanding 27,038,380 1631,630 6,067,210 1838,457 2520,45 92004,747 1383,404 5149,615 1249,272 581,634 1069,833 760,278 2781,791 Collateral for F.R. notes: Gold certificates 11,363,000 640,000 2,670,000 72752,50,00000 11007700,0,0000 07 4754,050,0000 5 0500,00,00000 22440000,0,0000 0 400,000 150,000 280,000 283,000 1500,000 Eligible paper 222,477 3,705 — 53,425 — 29,703 — — 16,750 55,284 63,610 U. S, Govt, securities 16.935.000 1200.000 3.600.000 1200.000 1500.000 1300.000 1000.000 2900.00 0910.000 500.000 800.000 525.000 1500.000 Total collateral 28,520,477 1843,705 6,270,000 1978,425 2570,000 2074,70 31500,000 5300,000 1326,750 705,284 1143,610 808,000 3000,000 l/ After deducting $261,960,000 participations of other Federa lReserve Banks. 2/ After deducting $19,187,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis