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 10, 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 9 increased $1 million to $18,899 million. Estimated Required reserves fc-ased^ $68 million; and estimated Excess reserves increased $69 million to $5 6 million. Member bank borrowings at the Federal Reserve Banks exceeded Excess reserves by $577 million, The Principal changes increasing reserves were increases of $200 million in Member bank borrowings and $29 million in Federal Reserve holdings of U, S, Government securities, and decreases of $24 million in Foreign deposits with F^eral Reserve Banks and #12 million in Other F. R, accounts (net). The principal 5~ se. changes were increases of $129 million in Money in circulation, n 4(1 million in Treasury deposits with Federal Reserve Banks, and $48 million in Other deposits with Federal Reserve Banks, and a decrease of $17 million in Federal Reserve float, Total Reserve Bank credit increased $215 million. °f Wednesday, November 9, holdings of U, S, Government securities bought outright and those held under repurchase agreement were unchanged from a week earlier, while Member bank borrowings were $16 million higher. Member Bank Reserves, Weekly Averages of Daily Figures Reserve Bank Credit, Week Ending Change from Week Ending and Related Items Nov. 9, 1955 Nov. 2, 19551 Nov. 10, 1954 (in millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright—System account 24,024 + 29 - 721 Held under repurchase agreement —- 9 Acceptances—Bought outright 18 + 1 + 18 Loans, discounts and advances- Member bank borrowings 1,143 +200 +1,051 Other 1 - I84 Float 776 -J7 + 107 Total Reserve Bank credit 25,963 +215 + 262 I old stock 21,686 — 66 Treasury currency outstanding .5,009 + 32 52,658 +215 + 228 Money in circulation 30,657 +129 + 451 Treasury cash holdings 774 + 1 22 Treasury deposits with F. R, Banks 571 + 71 + 209 Foreign deposits with F. R, Banks 384 - 24 - 39 Other deposits with F. R, Banks 433 + 48 + 39 Other F, R, accounts (net) - 93,9 - 12 + 53 33,759 +215 + 693 Member bank reserve balances- 18.899 + 1 - - 465 Required reserves (estimated) 18,333 — 68 + 89 Excess reserves (estimated) 566 + 69 - 554 For Wednesday Federal Reserve figures see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED — attached. Latest Wednesday figures for Dther items appearing above are, in millions of dollars: Gold stock 21,686 Treasury cash holdings 779 Treasury currency outstanding 5,009 Member bank) — Required (est,) ]_g 295 Money in circulation 30,786 reserves ) - Excess (est,) *259 On November 9, 1955, U. S, Government securities held in custody by the ®<?er^ ^ese^ve Banks for foreign account were $3,554 million, an increase of 1 mill:Lon for the week and an increase of $529 million from the comparable date Digitizyede faorr F RaAgSoE.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) Change since Nov. 9, Nov. 2, Nov. 10, 1955 1955 1954 A S S E TS Gold certificates 20,171,352 1,999 - 13,750 Redemption fund for F. R. notes 832,159 - 1,135 9,257 Total gold certificate reserves 21,003,511 3,134 - 23,007 F. R. notes of other Banks 221,305 - 37,471 + 82,271 Other cash 318,481 - 26,592 + 3,297 Discounts and advances 1,201,287 + 16,035 + 908,534 Industrial loans 669 + 107 - 103 Acceptances—Bought outright 17,450 + 568 + 17,450 U. S. Government securities: Bought outright— Bills 1,302,546 - 721,454 Certificates 2,520,076 -4,079,715 Notes 17,399,536 +4,370,515 Bonds Total bought outright 24,023,908 - 721,454 Held under repurchase agreement Total U. S. Government securities 24,023,908 - 721,454 Total loans and securities 25,243,314 + 16,710 + 204,427 Due from foreign banks 22 Uncollected cash items 3,948,522 - 519,787 + 269,103 Bank premises 59,720 + 133 + 5,520 Other assets 174,763 + 8,618 5,701 TOTAL ASSETS 50,969,638 - 561,523 + 535,910 L I A B I L I T I ES Federal Reserve notes 26,412,576 + 178,352 + 539,783 Deposits: Member bank—reserve accounts 18,553,667 - 596,920 - 856,619 U. S. Treasurer—general account 616,571 + 81,109 + 403,139 Foreign 399,707 + 12,826 - 31,924 Other 388,428 + 6,347 + 139,075 Total deposits 19,958,373 - 496,638 - 346,329 Deferred availability cash items 3,424,755 - 251,822 + 287,430 Other liabilities and accrued dividends 21,010 + 1,622 + 1,696 TOTAL LIABILITIES 49,816,714 - 568,486 + 482:580 C A P I T AL A C C O U N TS Capital paid in 299,755 427 + 16,933 Surplus (Section 7) 660,901 + 35,888 Surplus (Section 13b) 27,543 Other capital accounts 164,725 + 6,536 J09 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,969,63# - 561,523 + 535,910 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.3# .3$ .2$ Contingent liability on acceptances purchased for foreign correspondents 28,832 1,697 + 14,089 Industrial loan commitments 2,638 107 + 659 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 9, 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 l,l46,03t^SS,4%i 12 5,778 72,700 16 days to 90 days 33 11,672 6,983,545 91 days to 1 year 5 519 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 1.414.897 Digitized for FRASER Total 1,201,287 17,450 24,023,908 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 9, 1955 HA.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 20,171,352 991,838 5,233,580 1182,373 1751,706 1324,754 873,013 3651,135 858,151 335,369 798,004 742,993 2428,436 Redemption fund for F. R. notes 832,159 52.325 173,851 57.227 74,400 66,630 49>376 146,337 44,856 23,850 40,012 27,170 76,125 Total gold certificate reserves 21,003,511 1044,163 5,407,431 1239,600 1826,106 1391,384 922,389 3797,472 903,007 359,219 838,016 770,163 2504,561 F.R. notes of other Banks 221,305 21,260 33,914 23,292 7,523 12,312 37,077 20,244 7,088 5,678 5,800 13,329 33,788 Other cash 318,481 26,588 60,621 17,784 33,182 17,912 28,906 47,573 16,163 7,995 11,076 11,550 39,131 Discounts and advances 1,201,287 47,725 349,800 59,495 98,775 33,250 74,850 171,695 34,115 49,000 49,084 16,698 216,800 Industrial loans 669 607 62 Acceptances— Bought outright 17,450 17,450 20. 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 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 448888,,770011 11161,62,6276 76 7,86975,895 112211,,884488 111122,,334444 330066,,99226 6 Total 24,023,908 1326,696 6,105,556 1462,143 2064,687 1415,345 1240,066 4190,418 996,944 582,171 1044,600 963,311 2631,771 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 4190,4l8 996,944 582,171 1044,800 963,311 2631,771 Total loans and securities 25,243,314 1374,421 6,472,806 1522,245 2163,462 1448,595 1314,916 4362,113 1031,059 631,233 1093,884 980,009 2848,571 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 1 2 Uncollected cash items 3,948,522 313,248 6347700 232,522 341,340 320,555 309,230 644,389 197,887 122,340 215,043 2l4,6l8 402,65c Bank premises 59,720 5,672 7,594 5,094 5,518 4,980 4,275 6,108 3,411 1,576 3,427 1,942 10,123 Other assets 174,763 9,464 43,221 10,312 15.106 10,189 9.592 31,748 6,962 4,058 7,263 8,193 18,655 TOTAL ASSETS 50,969,638 2794,817 12,660,293 3050,851 4392,239 3205,928 2626,386 8909,650 2165,578 1132,100 2174,510 1999,805 5857,481 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 9, 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 26,412,576 1585,624 5,961,330 1792,980 2437,545 2000,286 1363,176 5092,585 1222,947 534,021 1044,532 722,896 2654,654 Deposits: Member bank—reserve accts. 18,553>667 784,864 5,198,038 858,699 1460,326 802,205 882,993 2978,181 682,714 423,316 849,710 993,823 2638,798 U.S.Treasxirez>-general acct. 616,571 45,817 153,261 38,248 67,321 30,959 35,628 97,087 29,053 25,766 42,370 31,016 20,045 Foreign 399,707 23,580 1/121,438 28,689 35,763 19,650 16,899 55,020 14,934 9,825 14,934 18,471 40,504 Other 2,410 304,487 12,933 2,495^ 1,818 1,654 999 1,075 44,093 Total deposits 19,958,373 856,671 5,777,224 938,569 1569,033 855,309 937,338 3:1 31,942 736,321 460,128 908,013 1044,385 2743,440 Deferred avail, cash items 3,424,755 281,870 593,673 234,851 279,433 288,248 272,094 518,916 159,862 106,814 175,336 175,121 338,537 Other liabilities and accrued dividends 21,010 1,040 5,799 1,136 2,141 1,035 979 3,588 769 759 857 886633 2,044 TOTAL LIABILITIES 49,816,714 2725,205 12*338,026 2967,536 4288,152 3144,878 2573,587 8747,031 2119,899 1101,722 2128,738 1943,265 5738,675 Capital paid in 299,755 15,844 89,202 19,713 28,425 13,690 13,507 39,847 10,407 6,841 11,858 16,473 33,948 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 164,725 10.448 37.676 11,340 14.434 10,531 9,050 24.777 8,132 5.546 8.022 8.775 15.994 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,969,638 2794,817 12,660,293 3050,851 4392,239 3205,928 2626,386 8909,650 2165,578 1132,100 2174,510 1999,805 5857,481 Contingent liability on acceptances purchased for foreign correspondents 28,832 1,716 2/8,583 2,088 2,602 1,430 1,230 4,004 1,087 715 1,087 1,344 2,946 Industrial loan commitments 2,638 121 324 11 81 2*101 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 27,219,006 1632,561 6,089,987 1856,215 2539,065 2046,644 1414,985 5182,042 1273,304 577,503 1069,459 762,357 2774,884 Collateral for F R. notes: e Gold certificates 11,413,000 640,000 2,670,000 72752,50,00000 11007700,,000000 779955,0,00000 550000,,000000 22440000,,000000 400,000 150,000 280,000 283,000 1500,000 Eligible paper 272,669 47,725 — 59,495 — 33,250 — — 34,115 49,000 49,084 U. S. Govt, securities 16.935.000 1200,000 3.600,000 1200.000 1500.000 1300.000 1000.000 2900.000 910.000 500.000 800.000 525.000 1500.000 Total collateral 28,620,669 1887,725 6,270,000 1984,495 2570,000 2128,250 1500,000 5300,000 1344,115 699,000 1129,084 808,000 3000,000 1/ After deducting $278,244,000 participations of other Federal Reserve Banks. 2/ After deducting $20,249,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis