H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS For Immediate Release H.4.1 OF THE FEDERAL RESERVE SYSTEM October 6, 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 October 5 increased $82 million to $18,700 million. The principal changes supplying reserves were a decrease of $168 million in Treasury deposits with Federal Reserve Banks and an increase of $47 million in Reserve Bank credit. The principal offsetting changes were increases of $105 million in Money in circulation and #11 million in Foreign deposits with Federal Reserve Banks, Estimated average excess reserves of member banks for the week increased $1 million to $523 million. The increase of $47 million in average Reserve Bank credit for the week resulted principally from increases of $140 million in U, 5. Government securities bought outright and $106 million in U, S. Government securities held under repurchase agreement, and decreases of $.144 million in Float and $59 million in Member bank borrowings. As of Wednesday, October 5, holdings of U. S, Government securities bought outright were $49 million higher than a week earlier, U, S, Government securities held under repurchase agreement were $81 million higher, and Member bank borrowings were $12 million lower. Member Bank Reserves, Weekly Averages of Daily Figures Reserve Bank Credit, Week Ending Change from Week Ending and Related Items Oct. 5. 1955 Sept. 28. 19551Oct. 6. 1954 (in millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright—System account 23,727 +140 - 765 Held under repurchase agreement 117 +106 + 117 Acceptances- Bought outright 17 - 1 + 17 Held under repurchase agreement 3 + 2 + 3 Loans, discounts, and advances— Member bank borrowings 829 - 59 + 767 Other 14 —— - 104 Float 816 —144 + 149 Total Reserve Bank credit 25,525 + 47 + 187 Gold stock 21,684 + 1 - 126 Treasury currency outstanding 5.007 + 1 •f % 52,215 + 48 + 95 Money in circulation 30,428 +105 + 418 Treasury cash holdings 791 + 4 2 - Treasury deposits with F. R, Banks 525 —168 - 151 Foreign deposits with F. R. Banks 361 + 11 — 103 Other deposits with F. R, Banks 390 + 4 •» 62 Other F, R, accounts (net) 999 + 9 + 51 33,515 - 35 + 152 Member bank reserve balances— 18.700 + 82 mm 56 Required reserves (estimated) 18,177 + 81 + 283 Excess reserves (estimated) 523 + 1 - 339 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 21,684 Treasury cash holdings 798 Treasury currency outstanding 5,006 Member bank) - Required (est,) 18,202 Money in circulation 30,437 reserves ) - Excess (est.) 305 On October 5* 1955, U. S, Government securities held in custody by the Federal Reserve Banks for foreign account were $3,462 million, an increase of $3 million for the week and an increase of $433 million from the comparable date a Digitiyzeeda forr FaRgAoSE.R http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Oct. 5, Sept. 28, Oct. 6, 1955 1955 1954 A S S E TS Gold certificates 20,153,352 + 1 133,751 Redemption fund for F. R. notes 840,550 - 104 + 1,421 Total gold certificate reserves 20,993,902 - 103 - 132,330 F. R. notes of other Banks 239,053 - 29,727 + 116,349 Other cash 352,919 11,014 + 22,614 Discounts and advances 650,109 - 11,976 + 394,859 Industrial loans 699 20 60 - - Acceptances: Bought outright 17,808 + 580 + 17,808 Held under repurchase agreement 2,080 154 + 2,080 - U. S. Government securities: Bought outright-- . Bills 1,007,146 + 49,000 852,104 Certificates 2,520,076 - - -4,079,715 Notes 17,399,536 -- +4,370,515 Bonds 2,801,750 — «• - 290,800 Total "bought outright 23,728,508 + 49,000 - 052,104 Held under repurchase agreement 103,900 + 81,400 + 103,900 Total U. S. Government securities 23,832,408 + 130,400 748,204 - Total loans and securities 24,503,104 + 118,830 • 333,517 Due from foreign banks 22 — *• Uncollected cash items 4,184,091 - 116,340 + 557,005 Bank premises 59,132 - 24 + 5,628 Other assets 135,116 - 14,104 - 10,351 TOTAL ASSETS 50,467,339 52,482 + 225,398 • L I A B I L I T I ES Federal Reserve notes 26,131,140 + 64,806 + 484,397 Deposits: Member bank--reserve accounts 18,507,214 + 31,831 367,338 U. S. Treasurer--general account 480,848 - 31,014 - 144,316 Foreign 388,407 + 5,277 - 167,758 Other 388,211 + 15,745 - 38,542 Total deposits 19,764,680 + 21,839 - 717,954 Deferred availability cash items 3,366,819 - 146,093 + 403,914 Other liabilities and accrued dividends 17,982 + 730 + 121 TOTAL LIABILITIES 49,200,621 - 50,718 + 170,478 C A P I T AL A C C O U N TS Capital paid in " 297,785 + 114 + 21,772 Surplus (Section 7) 660,901 « — 35,888 Surplus (Section 13b) 27,543 • - W «• Other capital accounts 200,489 + 6,122 - 2,740 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,467,339 52,402 + 225,390 - Ratio of gold certificate reserves to deposit and F. R. note liabilitie scombined 45.7# .1# .1* ~ - Contingent liability on acceptances purchased for foreign correspondents 27,166 + 17 + 19,317 Industrial loan commitments 2,786 1 636 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 5, 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 Acceppttaannccee s securities Within 15 days 632,362 13 57579" 344,950 16 days to 90 days 17,745 107 13,009 6,519,795 91 days to 1 year 2 473 12,952,065 Over 1 year to 5 years 106 1,587,127 Over 5 years to 10 years 1,013,61k DigitizOedv feorr F R1A0S EyRe ars 1,414,857 http://fraser.stlo T u o is t fe a d l .o rg/ 650,109 599™ 19,000 ^3,032,408 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 5 i 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 20,153,352 1052,841 5,151,64? 1222,245 1795,978 1297,673 880,082 3485,103 854,177 331,207 848,535 757,134 2476,73C Redemption fund for F. R. notes 840,550 51,021 176,118 58,246 75,292 69,518 49,872 147,234 45,122 23,928 40,224 27,352 76,62; Total gold certificate reserves 20,993,902 1103,862 5,327,765 1280,491 1871,270 1367,191 929,954 3632,337 899,299 355,135 888,759 784,486 2553,35; F.R. notes of other Banks 239,053 13,919 48,941 22,619 9,826 15,164 36,572 19,789 9,082 7,629 9,007 13,351 33,151 Other cash 352,919 26,620 74,184 17,485 38,059 19,211 26,972 53,401 17,083 7,761 11,423 13,745 46,97: Discounts and advances 650,109 20,195 243,293 27,623 36,563 17,342 30,273 167,567 5,032 39,373 35,202 13,073 14,57: Industrial loans 699 636 63 Acceptances: Bought outright 17,808 17,808 Held under repurchase 2,080 2,080 agreement U. S. Govt, securities: Bought outright— Bills 1,007,146 55,618 255,961 61,297 86,557 59,334 51,986 175,673 41,795 24,407 43,801 40,385 110,335 Certificates 2,520,076 139,169 640,465 153,376 216,583 148,469 130,082 439,569 104,578 61,068 109,598 101,050 276,065 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 Bonds £2l,,8U0U1L, 7(5?0U 1 f 5 4 I ,7 2 * 4 i yi7.1 21,051 170,520 240,791 165,062 144,621 488,701 Z 116, 2 * 6 7 , 6„7!,8 99 5J V 121,848 112,344 306,92( 9 Total 23,728,508 1310,383 6,030,462 1444,164 2039,299 1397,941 1224,818 4138,892 984,686 575,013 1031,953 951,466 2599,41 Held under repurchase agreement 103,900 103,900 Total U. S. Government securities 23.832,408 1310,383 6,134,382 1444,164 2039,299 1397,941 1224,818 4138,892 984,686 575,013 1031,953 951,466 2599,41 Total loans and securities 24,503,104 1330,578 6,397,563 1472,423 2075,862 1415,283 1255,091 4306,459 989,718 614,449 1067,155 964,539 2613,981 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 1 ; Uncollected cash items 4,184,091 333,485 784,014 228,986 370,182 328,690 286,955 668,249 183,075 124,913 223,005 220,986 431,35 Bank premises 59,132 5,703 7,500 5,117 5,403 4,815 4,289 6,110 3,416 1,471 3,384 1,843 10,08 Other assets 135.116 7,152 32.721 7.854 11,691 7,825 7,493 24,892 5,443 3.239 5,731 6,704 14,36) TOTAL ASSETS 50,467,339 2821,320 12,672,694 3034,977 4382,295 3158,380 2547,332 8711,240 2107,117 1114,598 2208,465 2005,655 5703,261 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 OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 5, 1955 i.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 26,131,140 1568,471 5,889,102 1777,402 2424,489 1968,309 1336,432 $064,009 1191,221 537,625 1037,604 716,424 2620,052 Deposits: Member bank-reserve accts, 18,507,214 842,888 5,391,828 907,737 1458,528 793,211 852,653 2831,200 673,432 397,130 888,426 993,829 2476,352 U.S.Treasurer-general acct. 480,848 31,162 76,917 29,820 37,064 42,100 40,316 48,645 28,784 27,781 40,400 35,666 42,193 Foreign 388,407 22,620 1/121,466 27,521 34,307 18,850 16,211 52,780 14,326 9,425 14,326 17,719 38,856 Other 188.211 4.118 309.920 9.612 6.564 3.145 2.649 2.014 7.505 1.612 1.304 1.100 38.668 Total deposits 19,764,680 900,788 5,900,131 974,690 3536,463 857,306 911,829 2934,639 724,047 435,948 944,456 1048,314 2596,069 Deferred avail, cash items . 3,366,819 279,923 546,269 196,446 312,090 269,031 243,647 540,507 144,087 109,152 178,517 184,431 362,719 Other liabilities and accrued dividends 17.982 805 5.138 963 2.117 833 962 9.875 654 667 658 673 1.617 TOTAL LIABILITIES 49,280,621 2749,987 12,340,640 2949,501 4275,159 3095,479 2492,870 8542,030 2060,009 1083,392 2161,235 1949,842 5580,477 Capital paid in 597,785 15,822 89,106 19,575 28,3.70 13,443 13,342 39,558 10,399 6,793 11,760 15,729 33,888 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 200.Zi.89 12.191 47.559 13.639 17.518 12.629 10.878 11.657 9.569 6.422 9.578 8.792 20.037 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,467,339 2821,320 12,672,694 3034,977 4382,295 3158,380 2547,332 8711,240 2107,117 1114,598 2208,465 2005,655 5703,266 Contingent liability on acceptances purchased for foreign correspondents 27,166 1,632 2/7,908 1,985 2,475 1,360 1,170 3,808 1,034 680 1,034 1,278 2,802 Industrial loan commitments 2,786 128 327 11 83 2,237 FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding 27,039,673 1632,394 6,061,451 1840,739 2523,345 2013,031 1384,263 5149,444 1251,208 582,384 1065,774 757,707 2777,933 Collateral for F.R. notes: Gold certificates 11,363,000 640,000 2,670,000 72752,50,00000 11007700,,000000 774455,,000000 550000,,000000 22440000,,000000 400,000 150,000 280,000 283,000 1500,000 Eligible paper 140,980 19,395 — 26,650 — 16,675 — — 4,525 39,040 34,695 U. S. Govt, securities 16.915.000 1200.000 1.600.000 1200.000 1500.000 1100.000 1000.000 2900.000 910.000 500.000 800.000 525.000 1500.000 Total collateral 28,438,980 1859,395 6,270,000 1951,650 2570,000 2061,675 1500,000 5300,000 1314,525 689,040 1114,695 808,000 3000,000 l/ After deducting $266,916,000 participations of other Federal Reserve Banks. 2/ After deducting $19,258,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis