H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS For Immediate Release H.4.1 OF THE FEDERAL RESERVE SYSTEM November 3, 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 November 2 increased $7 million to #18,898 million. Estimated Required reserves decreased $27 million; and estimated Excess reserves increased $34 million to $497 million. Member bank borrowings at the Federal Reserve Banks exceeded Excess reserves by $446 million. The principal changes increasing reserves were increases of $182 million in Member bank borrowings and $22 million in U, S, Government securities bought outright and a decrease of $59 million in Other F, R, account s(net). The principal offsetting changes were a decrease of $192 million in Federal Reserve float and increases of $30 million in Money in circulation and $27 million in Foreign deposits with Federal Reserve Banks, Total Reserve Bank credit increased $1 million, As of Wednesday, November 2, U, S. Government securities bought outright were $51 million higher than a week earlier and Member bank borrowings were $159 million higher. Member Bank Reserves, Weekly Averages of Daily Figures. Reserve Bank Credit, Week Ending Change from Week Ending and Related Items Nov. 2, 1955 Oct, 26, 19551 Nov. 3, 1954 (In millions of dollars) Reserve Bank credit: U, S, Government securities- Bought outright—System account 23,995 + 22 - 453 Held under repurchase agreement •mm* 16 Acceptances—Bought outright 17 - 1 + 17 Loans, discounts, and advances- Member bank borrowings 943 +182 + 773 Other 1 - 9 - 185 Float , •„ 793 =122 + 176 Total Reserve Bank credit 25,748 + 1 + 312 Gold stock 21,686 + 1 - 73 Treasury currency outstanding 5,009 + 33 52,443 + 2 + 272 Money in circulation 30,528 + 30 + 440 Treasury cash holdings 772-R - 5 - 33 Treasury deposits with F, R, Banks 500 • 4 • 169 Foreign deposits with F, R, Banks 408 + 27 - 24 Other deposits with F, R, Banks 385 - 2 - 87 Other F, R, accounts (net) 951 ZJL2 + 56 33,544 - 6 + 183 Member bank reserve balances- 18.898 + Required reserves (estimated) 18,401 - 27 + 168 Excess reserves (estimated) 497 + 34 - 80 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 21,686 Treasury cash holdings ?79 Treasury currency outstanding 5,009 Member bank) - Required (est,) 2.8,423 Money in circulation 30,540 reserves ) - Excess (est,) 728 On November 2, 1955, U, S, Government securities held in custody by the Federal Reserve Banks for foreign account were $3,519 million, an increase of $37 million for the week and an increase of $475 million from the comparable date Digitizaed fyore FaRrA SaERg o. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BASKS COMBINED (In thousands of dollars) Change since Nov. 2, Oct. 26, Nov. 3, 1955 1955 1954 A S S E TS „ Gold certificates 20,173,351 2 61,751 Redemption fund for F. R. notes 833,294 - 46 - 10,506 Total gold certificate reserves 21,006,645 - - 72,257 F. R. notes of other Banks 258,776 • 19,066 + 128,523 Other cash 345,073 • 7,388 + 18,266 Discounts and advances 1,185,252 + 158,852 + 665,928 Industrial loans 562 - 99 171 Acceptances—Bought outright 16,882 - 275 + 16,882 U. S. Government securities: Bought outright— Bills 1,302,546 + 50,800 621,454 Certificates 2,520,076 -4,079,715 Notes 17,399,536 —— +4,370,515 Bonds 2,801,750 - 290,800 Total bought outright 24,023,908 + 50,800 - 621,454 Held under repurchase agreement 25,000 •r •» - Total U. S. Government securities 24,023,908 + 50,800 - 646,454 Total loans and securities 25,226,604 + 209,278 + 36,185 Due from foreign banks 22 Uncollected cash items 4,468,309 + 194,724 + 909,891 Bank premises 59,587 - 31 + 5,424 Other assets 166,145 + 8,067 - 6,932 TOTAL ASSETS 51,531,161 + 385,536 +1,019,100 L I A B I L I T I ES Federal Reserve notes 26,234,224 + 73,044 + 495,058 Deposits: Member bank--reserve accounts 19,150,587 + 215,635 + 152,639 U. S. Treasurer--general account 535,462 + 41,766 - 32,021 Foreign 386,881 - 20,170 - 37,741 Other 382,081 + 3,298 - 33,725 Total deposits 20,455,011 + 240,529 + 49,152 Deferred availability cash items 3,676,577 + 133,507 +. 422,362 Other liabilities and accrued dividends 19,388 851 16 TOTAL LIABILITIES 50,305,200 + 446,229 + 966,556 C A P I T AL A C C O U N TS Capital paid in 299,328 + 368 + 16,977 Surplus (Section 7) 660,901 + 35,888 Surplus (Section 13b) 27,543 Other capital accounts 158,189 6l,06l 321 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,531,161 + 385!536 +1,019,100 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.0# - .3# - 7$ Contingent liability on acceptances purchased for foreign correspondents 27,135 800 + 12,923 Industrial loan commitments 2.745 - 73 + 926 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 2, 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 1,176,6b! 12 C# 191,300 16 days to 90 days 8,566 33 10,148 6,864,945 91 days to 1 year 5 412 12,952,065 Over 1 year to 5 years 105 1,587,127 Over 5 years to 10 years 1,013,614 Over 10 years 1.W.857 Digitized for FRASER Total 1,185,252 16,882 24,023,900 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 2, 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. 20,173,351 1022,112 5,504,328 1157,265 1722,263 1315,227 867,801 3550,894 847,811 328,754 786,779 695,860 2374,257 Gold certificates Redemption fund for 833,294 50.564 174.537 57,555 74,659 67,462 49,524 l46,6o8 44.935 23,871 40.073 27,227 76,279 F. R. notes Total gold certificate 21,006,645 1072,676 5,678,865 1214,820 1796,922 1382,689 917,325 3697,502 892,746 352,625 826,852 723,087 2450,536 reserves F.R. notes of other Banks 258,776 25,012 50,405 28,993 10,930 14,431 36,895 21,960 7,020 8,470 7,538 13,407 33,715 Other cash 345,073 28,420 75,729 19,008 36,854 17,502 26,130 51,246 16,574 8,262 11,786 12,373 41,189 Discounts and advances 1,185,252 17,075 259,265 34,965 100,000 48,700 74,350 290,950 41,175 66,350 48,261 25,761 178,400 Industrial loans 562 500 -- 62 Acceptances— 16,882 16,882 Bought outright U. S. Govt, securities: Bought outright-- Bills 1,302,546 71,931 331,035 79,276 111,945 76,738 67,234 227,199 54,053 31,565 56,648 52,230 142,692 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 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 Notes 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 Bonds 24,023,908 1326,696 6,105,556 1462,143 2064,687 1415,345 1240,066 4190,418 996,944 582,171 1044,800 963,311 2631,771 Total Held under repurchase agreement Total U. S. Government securities —————— 24.023.908 1326,696 6.105,556 1462.143 2064.687 1415.345 1240,066 4l90.4l8 996.944 582,171 1044,800 963,311 2631,771 Total loans and securities 25,226,604 1343,771 6,381,703 1497,668 2164,68? 1464,045 1314,4l6 4481,368 1038,119 648,583 1093,061 989,072 2810,171 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 1 2 Uncollected cash items 4,468,309 364,378 840%605 268,806 396,520 340,922 314,967 731,438 202,551 122,859 213,161 212,724 459,378 Bank premises 59,587 5,671 7,582 5,094 5,508 4,902 4,275 6,108 3,411 1,576 3,395 1,942 10,123 Other assets 166.145 8.965 40.905 9,805 14.457 9.718 9,117 30,205 6,661 3,926 6,943 7,883 17.560 TOTAL ASSETS 51,531,161 2848,894 13,075,800 3044,136 4485,886 3234,210 §623,126 9019,830 216?,0§3 1146,363 2162,731 3S6©,489 5882,674 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 NOVEMBER 2, 1955 1.4.1(c) (in thousands of dollars) I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SariFran. ederal Reserve notes 26,234,224 1575,282 5,893,823 1781,475 2428,741 1990,336 1356,932 5071,83 11211,708 533,202 1038,670 718,18? 2634,037 Deposits: Member bank-reserve accts. 19,150,587 814,092 5,683,884 879,747 1476,770 822,717 884,268 3071,632 688,989 441,651 860,698 965,374 2560,765 U.S.Treasurer-general acct. 535,462 33,690 127,301 40,771 40,612 a,827 46,824 52,977 32,271 22,799 25,095 25,654 45,641 Foreign 386,881 22,620 1/119,940 27,521 34,307 18,850 16,211 52,780 14,326 9,425 14,326 17,719 38,856 Other 382,081 1,842 304.462 9.895 6,882 2.973 2.078 1.272 6,981 1.652 1,362 1,065 41.617 Total deposits 20,455,011 872,244 6,235,587 957,934 1558,571 886,367 949,381 3178,661 742,567 475,527 901,481 1009,812 2686,879 Deferred avail, cash items 3,676,577 331,246 620,762 220,716 332,751 295,877 263,331 604,889 166,651 106,807 176,410 175,431 381,706 Dther liabilities and accrued dividends 19,388 961 5,077 1,072 2,266 938 1,042 3,236 712 549 789 754 1,992 TOTAL LIABILITIES 50,385,200 2779,733 12,755,249 2961,197 4322,329 3173,518 2570,686 8858,617 2121,638 1116,085 2117,350 1904,184 5704,614 Capital paid in 299,328 15,826 89,198 19,717 28,421 13,684 13,44? 39,603 10,411 6,838 11,780 16,471 33,932 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 Dther capital accounts 158.189 10,015 35.964 10.960 13.902 10,179 8.751 23.615 7.894 5.388 7,715 8,542 15,264 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,531,161 2848,894 13,075,800 3044,136 4425,880 3234,210 2623,126 9019,830 2167,083 1146,302 2162,737 1960,489 5822,674 Contingent liability on acceptances purchased for foreign correspondents 27,135 1,584 2/8,444 1,927 2,403 1,320 1,135 3,696 1,003 660 1,003 1,241 2,719 Industrial loan commitments 2,745 228 324 11 81 2,101 FEDERAL RESERVE AGENTS1 ACCOUNTS F« R. notes outstanding 27,098,294 1633,507 6,076,050 1837,076 2529,857 2036,63 81408,297 5160,371 1269,997 577,628 1065,074 753,677 2750,122 Collateral for F.R. notes: Gold certificates 11,413,000 640,000 2,670,000 725,000 1070,000 795,000 500,000 2400,000 400,000 150,000 280,000 283,000 1500,000 Eligible paper 256,526 17,075 — 34,965 — 48,700 — — 41,175 66,350 48,261 — — 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 28,604,526 1857,075 6,270,000 1959,965 2570,000 2143,700 1500,000 5300,000 1351,175 716,350 1128,261 808,000 3000,000 1/ After deducting $266,916,000 participations of other Federa lReserve Banks. Digitized for FRASER 2/ After deducting $18,691,000 participations of other Federa lReserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis