H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNOR SFor Immediate Release H.4.1 OF THE FEDERA LRESERVE SYSTEM October 13, 1955 WEEKLY AVERAGES OF MEMBER BAN KRESERVES, RESERVE BANK CREDIT, AND RELATED ITMS and STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS The weekly average of Member ban kreserve balances fo rthe week ending October 12 increased $28 million to $18,728 million. The principal changes supplying reserves were an increase of $189 millio nin Reserve Bank credit and a decrease of #11 millio nin Treasury deposits with Federa lReserve Banks. The principal offsetting changes were increases of $124 million in Mone yin circulation, S39 million in Other deposit swith Federa lReserve Banks, and $12 million in Other F. R. accounts (net). Estimated average excess reserves of member bank sfor the week increased $68 million to $591 million. The increase of $189 millio nin averag eReserve Bank credit for the week resulted principally from increases of $65 million in U, S. Government securities bought outright, $64 million in Member ban kborrowings, and $58 million in Float, As of Wednesday ,October 12, holdings of U .S. Government securities bought outright were $145 million higher tha na week earlier ,U, S, Government securities held under repurchase agreement wer e$16 million higher, and Member bank borrowings were $227 million higher. Member Bank Reserves, Weekly Averages of Dail yFigures RReesseerrvvee BBaannkk CCrreeddiitt,, WWeeeekk EEnnddiinngg Change from Week Ending aanndd RReellaatteedd IItteemmss OOcctt.. 1122,, 11995555 Oct, 5, 1955 Oct. 13, 1954 (In mL:l lions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright—System account 23,792 + 65 - 789 Held under repurchase agreement 119 + 2 + 94 Acceptances— Bought outright 18 + 1 + 18 Held under repurchase agreement 1 - 2 + 1 Loans, discounts, an dadvances- Member bank borrowings 893 + 64 + 819 Other 16 + 2 170 - Float 874 + 58 + 275 Total Reserve Bank credit 25,714 +189 + 249 Gold stock 21,684 —— - 126 Treasury currency outstanding 5,007 + 35 52,405 +190 + 158 Money in circulation 30,552 +124 + 409 Treasury cash holdings 788 - 3 - 2 Treasury deposits with F. R. Banks 514 - 11 — 80 Foreign deposits with F. R. Banks 383 + 2 - 83 Other deposits with F. R. Banks 429 + 39 — 43 Other F, R, account s(net) 1,011 + 12 + 61 33,677 +162 + 262 Member bank reserve balances— 18.728 + 28 - 104 Required reserves (estimated) 18,137 - 40 - 64 Excess reserves (estimated) 591 + 68 - 40 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 million sof dollars: Gold stock 21,685 Treasury cash holdings 776 Treasury currency outstanding 5,007 Member bank) - Required (est.) 18,370 Money in circulation 30,623 reserves ) - Exces s(est.) 276 On October 12, 1955, U. S, Government securities held in custody b ythe Federal Reserve Banks for foreign account were $3,471 million, an increase of $9 million for the week and an increase of $426 million from the comparable date Digitizead f ory FeRaArS ERa go. 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 Oct. 12, Oct. 5, Oct. 13, 1955 1955 1954 A S S E TS Gold certificates 20,163,351 + 9,999 - 123,750 Redemption fund for F. R. notes 836,801 - 3,749 + 327 Total gold certificate reserves 21,000,152 + 6,250 - 123,423 F. R. note sof othe rBanks 223,018 - 16,035 + 100,993 Other cash 332,250 20,669 + 16,548 - Discounts and advances 882,088 + 231,979 + 570,515 Industrial loans 672 27 203 - - Acceptances: Bought outright 18,207 + 399 + 18,207 Held under repurchase agreement 411 1,669 + 411 - U. S. Government securities: Bought outright-- Bills 1,151,646 + 144,500 - 707,604 Certificates 2,520,076 -4,079,715 Notes 17,399,536 +4,370,515 Bonds 2,801,750 290,800 Total bought outright 23,073,008 + 144,500 - 707,604 Held under repurchase agreement 119,900 + 16,000 + 91,300 Total U. S. Government securities 23,9927905 + 160,500 - Total loans an dsecurities 24,894,286 + 391,182 27,374 - Due from foreign banks 22 Uncollected cash items 4,454,774 + 270,683 + 452,067 Bank premises 59,361 + 229 + 5,285 Other assets 141,988 + 6,872 - TOTAL ASSETS 51,105,851 + 638,512 + L I A B I L I T I ES Federal Reserve notes 26,262,502 + 131,362 + 533,236 Deposits: Member bank—reserve accounts 18,646,074 + 138,860 + 26,263 U. S. Treasurer—general account 502,443 + 21,595 •» 140,656 Foreign 385,284 3,123 82,765 - - Other 662,433 + 274,222 + 244,670 Total deposits 20,196,234 + 431,554 + 47,512 Deferred availability cash items 3,434,910 + 68,091 - 222,l4l Other liabilities and accrued dividends 19,644 + 1,662 + 10 TOTAL LIABILITIES 49,913,290 + 632,669 + 358,617 C A P I T AL A C C O U N TS Capital paid in 298,367 + 582 + 22,177 Surplus (Section J) 660,901 — *» + 35,888 Surplus (Section 13b) 27,543 -- Other capital accounts 205,750 + 5,261 - 3,104 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,105,651 4" 638,512 + 413,578 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 45.2# .5# .856 - Contingent liability on acceptances purchased for foreign correspondents 28,254 + 1,088 + 19,784 Industrial loan commitments ZL Ml MATURITY DISTRIBUTION OF LOAN SAND SECURITIES. OCTOBER 12, 1955 (Acceptances and securities held under repurchase agreement are classified as maturing within 1 5days in accordanc ewith maximu mmaturity of the agreements.) Discounts and Industrial U. S. Government advances loans Acceptances securities Within 15 days 878,456 13 5,822 288,850 16 days to 90 days 3,626 107 12,796 6,736,395 91 days to 1 year 6 446 12,952,065 Over 1 year to 5 years 106 1,587,127 Over 5 years to 10 years 1,013,614 Digitiz O e y d e fo r r FR 1 A 0 SE R y ears 1.414.857 http://fraser.st T lo o ui t sf a ed l .o rg/ 882,088 672 18,618 23,992,908 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 12, 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 20,163,351 1040,465 5,103,817 1166,559 1789,140 1313,238 927,359 3464,973 894,559 366,944 839,712 747,794 2508,79] Redemption fund for F- R. notes 836,801 1 Total gold certificate •„ if, r ^ — 9 reserves 21,000,152 1091,242 5,279,189 1224,435 1864,085 1381,736 977,033 3611,855 939,579 390,839 879,855 775,075 2585,225 F,R. notes of other Banks 223,018 13,679 43,962 18,366 8,071 15,641 36,210 17,300 8,166 7,060 9,336 12,936 32,291 Other cash 332,250 24,656 71,417 16,427 33,061 17,230 27,339 51,313 16,559 8,150 10,982 11,979 43,137 Discounts and advances 882,088 50,925 200,098 45,153 43,018 17,712 42,941 335,517 10,347 40,608 37,113 18,468 40,i8€ Industrial loans 672 609 63 Acceptances: Bought outright 18,207 18,207 Held under repurchase -- - - —— — *» WW 0m agreement 4ll 4ll U. S. Govt, securities: -- - - — " -Sought outright— Bills 1,151,646 63,598 292,685 70,092 98,976 67,847 59,445 200,878 47,791 27,909 50,085 46,179 126,161 vBtirtificates 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 Uotes 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 Bo T n o d t s a l 2,801,750 154,724 z Bf'SL1 170,520 240,791 165,062 144,621 488,701 116,267 67,895 121,848 112,344 306,926 Held under repurchase agreement 119,900 119,900 Total U. S. Government securities 23,992,908 1318,363 6,187,106 1452,959 2051,718 1406,454 1232,277 4164,097 990,682 578,515 1038,237 957,260 2615,240 Total loans and securities 24,894,286 1369,288 6,405,822 1498,721 2094,736 1424,166 1275,218 4499,614 1001,029 619,186 1075,350 975,728 2655,428 Due from foreign banks 22 1 !/,6 , „ 2 2 1 l 3 1 1 1 1 2 Uncollected cash items n 4,454,774 311,127 785,749 246,177 329,732 410,509 385,916 683,531 220,166 152,149 243,667 239,582 446,469 Bank premises 59,361 5,703 7,506 5,117 5,505 4,817 4,289 6,110 3,4l6 1,471 3,401 1,945 10,081 Other assets 141,988 7,620 34,855 8,261 12,161 8,226 7,867 25.846 5,603 3,410 6,066 6,935 15!l38 TOTAL ASSETS 51,105,851 2823,316 12,628,506 3017,506 4347,353 3262,326 2713,873 8895,572 2194,519 1182,266 2228,658 2024,181 5787,775 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 FEDERA LRESERVE BANK ON OCTOBER 1 21,955 H.4.1(c) (in thousands of dollars) L I A B I L I T I ES Total Boston New York Phila, CIeve. Rich. Atlanta Chicago St,Louis Mpls. Kans.Cy. Dallas SanFran. 537,309 1038,656 717,678 2644,888 26,262,502 1585,118 5,908,297 1782,969 2442,941 1981,552 1341,415 5083,979 1197,700 Federal Reserve notes Deposits: Member bank-reserve accts,1 8,646,074 818,278 5,292,484 864,313 1448,389 811,507 926,910 2989,882 70C,529 430,534 859,452 995,206 2508,590 U.S.Treasurer-general acct, 502,443 35,318 76,012 34,594 38,439 35,142 40,934 70,905 32,187 34,884 40,491 27,124 36,413 Foreign 385,284 22,380 1/121,175 27,229 33,943 18,650 16,039 52,220 14,174 9,325 14,174 17,531 38,444 Other 662,433 4.487 306,311 9.520 6,184 34,953 46,880 43,299 43,946 23.450 32.891 23,514 86,998 Total deposits 20,196,234 880,463 5,795,982 935,656 1526,955 900,252 1030,763 3156,30 6790,836 498,193 947,008 1063,375 2670,445 Deferred avail, cash items 3,434,910 285,099 584,628 211,898 267,811 316,224 286,097 482,124 157,950 114,815 194,775 186,281 347,208 Other liabilities and accrued dividends 19,644 925 6.067 1,105 2,090 913 873 2,918 753 589 760 823 2*823 TOTAL LIABILITIES 49,913,290 2751,605 12,294,974 2931,623 4239,797 3193,946 2659,143 3725,327 2147,239 1150,906 2181,199 1968,157 5664,36k Capital? paid in 298,367 15,847 89,152 19,654 28,374 13,666 13,378 39,576 10,405 6,822 11,760 15,759 33,974 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 2,14C Other- capital accounts 205.750 12.544 48.991 13.962 17.954 12.885 11.105 32.674 9.735 6.547 9.807 8.973 20.57? TOTAL LIABILITIES AND 51,105,851 2323,316 12,628,506 3017,506 4347,353 3262,326 2713,873 8895,572 2194,519 1182,266 2228,658 2024,181 5787,775 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 28,254 1,698 2/8,217 2,066 2,575 1,415 1,217 3,962 1,076 707 1,076 1,330 2,91! Industrial loan commitments 2,813 — — 155 327 11 83 2,237 FEDERAL RESERVE AGENTS* ACCOUNTS 758,901 2778,96: F. R, notes outstanding 27,118,712 1636,087 6,073,129 1841,985 2537,65 32030,847 1397,085 5169,339 1245,610 581,803 1067,311 Collateral for F„R. notes: Gold certificates 11,363,000 640,000 2,670,000 725,000 1070,000 74754,50,00000 500,000 2400,000 400,000 150,000 280,000 283,000 1500,00( 9,650 40,150 36,416 Eligible paper 196,651 49,825 43,815 16,9^5!000 12Go!000 3.600.000 1200,000 1500,000 1300,000 1000.000 2900.000 910.000 500,000 800,000—525,000 1500,0Q( U, S. Govt, securities Total collateral 28,494,651 1889,825 6,270,000 1968,815 2570,000 2061,795 1500,00 05300,000 1319,650 690,150 1116,416 808,000 3000,00( l/ After deducting $264,084,000 participations of other Federa lReserve Banks. %J After deducting #20,037,000 participations of other Federa lReserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis