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 17, 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 November 16 decreased $16 millio nto $18,883 million .Estimated Required reserves decreased $66 million; and estimated Excess reserves increased $50 million to $602 million. Member bank borrowings at the Federal Reserve Banks exceeded Excess reserves by $571 million. The principal changes reducing reserves were increases of $137 million in Money in circulation, $131 million in Other deposit swith Federal Reserve Banks, $42 million in Treasury deposits with Federal Reserve Banks, and $16 million in Foreign deposits with Federal Reserve Banks, The principal offsetting changes were increases of $237 million in Federal Reserve float, $44 million in Federal Reserve holdings of U. S, Government securities, and $30 million in Member ban kborrowings; total Reserve Bank credit increased $309 million. As of Wednesday, November 16, holding sof U, S. Government securities bought outright were $37 million lower than a week earlie rand Member bank borrowings were $653 million lower. Member Bank Reserves, Weekly Averages of Daily Figures Reserve Bank Credit, Week Ending Change from Week Ending and Related Items Nov. 16, 1955N ov. 9, 19551 Nov..17, 1954 (in millions of dollars) Reserve Bank credit: U, S, Government securities- Bought outright—System account 24,018 - 6 - 667 Held under repurchase agreement 50 + 50 + 50 Acceptances—Bought outright 17 - 1 + 17 Loans, discounts an dadvances- Member bank borrowings 1,173 + 30 +1,086 Other 1 —— — 184 Float 1,013 +237 + 262 Total Reserve Bank credit 26,272 +309 + 564 Gold stock 21,686 - 23 Treasury currency outstanding 5,008 - 1 + 30 52,966 +308 + 571 Money in circulation 30,794 +137 + 532 Treasury cash holdings 774 —w ' - 25 Treasury deposits with F. R, Banks 613 + 42 + 216 Foreign deposits with F. R, Banks 400 + 16 - 25 Other deposits with F. R, Banks 564 +131 + 240 Other F, R, account s(net) 938 - 1 + 55 34,083 +324 + 995 Member bank reserve balances- 18.883 — 16 -, . 423, Required reserves (estimated) 18,281 - 66 - 142 Excess reserves (estimated) 602 + 50 - 281 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 783 Treasury currency outstanding 5,008 Member bank) - Required (est. )18,391 Money in circulation 30,743 reserves ) - Excess (est.) 267 On November 16, 1955 ,U. S. Government securities held in custody b ythe Federal Reserve Banks for foreign account were $3,540 million, a decrease of $14 million for the week and an increase of $532 millio nfrom the comparable date a year ago. Digitized for FRASER 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 Nov. 16, Nov. 9, Nov. 17, 1955 1955 1954 A S S E TS „ Gold certificates 20,155,353 15,999 24,747 Redemption fund for F. R. notes 845,003 + 12,844 - 6,413 Total gold certificate reserves 21,000,356 - 3,155 - 31,160 F. R. notes of other Banks 242,460 + 21,155 + 94,402 Other cash 331,144 + 12,663 + 3,037 Discounts and advances 547,916 w 653,371 + 248,977 Industrial loans 674 + 5 - 48 Acceptances—Bought outright 16,174 - 1,276 + , 16,174 U. S. Government securities: Bought outright— Bills 1,265,546 37,000 - 641,454 Certificates 2,520,076 -4,079,715 Notes 17,399,536 +4,370,515 Bonds 2,801,750 - 290,800 Total bought outright 23,986,900 37,000 - 6Ui,!i54 Held under repurchase agreement Total U. S. Government securities 23,986,900 37,000 - 641,454 Total loans and securities 24,551,672 - 691,642 - 376,351 Due from foreign banks 22 Uncollected cash items 5,962,732 +2,014,210 + 930,782 Bank premises 60,372 + 652 + 5,961 Other assets 182,813 + 8,050 - , 5,780 TOTAL ASSETS 52,331,571 +1,361,933 + 620,891 L I A B I L I T I ES Federal Reserve notes 26,406,228 6,348 + 551,233 Deposits: Member bank--reserve accounts 18,657,786 + 104,119 - 707,155 + 18,565 U. S. Treasurer—general account 635,136 + 90,971 Foreign 383,466 16,241 - 30,259 Other 395, + 7,144 + 14,987 Total deposits 20,071, + 113,507 - 631,456 Deferred availability cash items 4,674,254 +1,249,499 + 647,133 Other liabilities and accrued dividends 19,695 - ,M15. + 384 TOTAL LIABILITIES 51,172,137 +1,355 > 23 + 567,294 C A P I T AL A C C O U N TS Capital paid in 299,896 141 + 16,481 Surplus (Section 7) 660,901 + 35,888 Surplus (Section 13b) 27,543 Other capital accounts 171,094 + 6,369 + 1.228 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,331,571 +1,361,933 + 620,891 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 45.2# Contingent liability on acceptances purchased for foreign correspondents 26,681 2,151 + 10,610 Industrial loan commitments 2,452 186 + 623 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. NOVEMBER l6, 1955 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) v Discounts and Industrial U. S. Government advances loans Acceptances securities Within 15 days 542,9158 ~ 11 &7T55 169,100 16 days to 90 day s"4^953 33 9,419 6,850,145 91 days to 1 year 5 526 — 12,952,065 Over 1 year to 5 years — 104 — 1,587,127 Over 5 years to 10 year s— — — l,013,6l4 Over 10 years -- •»- 1,414,857 Digitized for TFRoAtSaElR 547,916 674 16,174 23,906,900 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERA LRESERVE BANK ON NOVEMBER l6 ,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. 1035,686 881,107 888,216 815,532 2558,82% Gold certificates 20,155,353 4,814,519 1199,952 1763,144 1347,996 3718,937 377,253 754,187 Redemption fund for 183,198 23,815 F. R. notes 845,003 52,147 58,900 76,123 65,751 49,213 146,051 44,774 41,947 27,114 75,97C Total gold certificate 21,000,356 1087,833 1258,852 1839,267 930,320 3864,988 932,990 401,068 857,479 781,301 reserves 4,997,717 1413,747 2634,79% 8,207 16,022 F.R. notes of other Banks 242,460 21,263 51,445 23,954 9,026 12,727 35,729 20,771 9,189 5,370 28,751 18,803 16,489 11,269 12,591 Other cash 331,144 26,598 68,039 17,965 36,401 26,370 48,971 7,762 39,886 66,910 7,696 105,90c Discounts and advances 547,916 25,575 66,775 30,030 30,650 37,150 48,975 100,795 10,950 16,510 674 613 Industrial loans 61 Acceptances-- Bought outright 16,174 16,174 U. S. Govt, securities: Bought outright— 1,265,546 69,888 321,632 77,024 108,765 138,63s Bills 74,558 65,324 220,745 52, 30,669 55,038 50,746 2,520,076 139,169 640,465 153,376 216,583 148,469 130,082 104,578 61,068 109,598 101,050 276,06s Certificates 439,569 Notes 17,399,53 K 6 j ±93?60 , v 8 - 7 rv 2 jT v 4 y ,422,005 | v c 1 - 058,971 1495,368 1025,076 898,129 3034,949 722,046 421,643 756,706 697,687 190 6 1 , ^ 08 ) % ^; •DUUUti 23,986,908 1324,653 f L.C. y JL JC.KJ C -4 2 "X 0 \J 61 f , i 5 y - 0 L 7 I 1 U 4 ^ 1 j 3 U , U 1 C 6 . 5 1238,156 4183,964 V 1 JLCLJ., WW 9 X 6 IC 1 9 , J 8 *T 2 *T 7 JW y ytLS- Total 6,096,153 1459,891 995,409 581,275 1043,190 2627,716 Held under repurchase agreement Total U. S. Government 23,986,908 1324,653 961,827 securities 6,096,153 1459,891 2061,507 1413,165 1238,156 4183,9649 95,409 581,275 1043,190 2627,7l£ Total loans and securities 24,551,672 1350,228 6,179,102 1490,534 2092,157 1450,315 1287,131 4284,759 1006,359 597,846 1110,100 969,523 2733,6l£ Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 1 2 265,807 268,126 {^collected cash items 5,962,732 455,266 1,2037563 336,404 600,234 435,962 409,217 1033,515 151,640 270,339 532,655 Bank premises 60,372 5,672 7,720 5,094 5,672 4,980 4,275 6,108 3,411 1,851 3,427 2,039 10,123 182,813 9,863 10,666 7,669 8,820 Other assets 44,985 10,791 15,622 10,007 33,171 7,304 4,327 19,582 2956,724 3143,596 4598,381 3347,201 2703,050 9292,286 2241,550 1169,865 2266,278 2060,636 TOTAL ASSETS 52,331,571 12,552,577 5999,427 l/ After deducting $16,000 participation sof other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERA LRESERVE BANK ON NOVEMBER 16, 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 26,406,228 1590,180 5,947,253 1794,745 2442,347 2004,758 1354,786 5101,778 1223,819 531,655 1041,634 721,963 2651,310 Deposits: Member bank-reserve accts .18,657,786 838,629 4,942,719 921,299 1486,252 831,551 890,021 3115,585 707,508 434,307 898,969 985,298 2605,648 U.S.Treasurer-general acct. 635,136 35,203 99,811 42,840 63,072 48,511 43,735 67,291 32,194 34,909 51,853 45,875 69,842 Foreign 383,466 22,680 1/115,817 27,594 34,398 18,900 16,254 52,920 14,364 9,450 14,364 17,766 38,959 1,997 1,618 1,449 7,158 1,083 1,893 938 45,519 Total deposits 20,071,960 898,814 5,473,830 1002,286 1589,301 900,959 951,628 3237,245 761,224 479,749 967,079 1049,877 2759,968 Deferred avail, cash items 4,674,254 396,844 801,836 261,788 460,132 379,119 342,460 786,290 209,975 127,422 210,723 231,042 466,623 Other liabilities and accrued dividends 19,695 984 5,524 1,073 1,963 989 1,051 3,130 665588 521 881111 997777 22,,001144 TOTAL LIABILITIES 51,172,137 2886,822 12,228,443 3059,892 4493,74 33285,825 2649,9259 128,443 2195,676 1139,347 2220,247 2003,859 5879,915 Capital paid in 299,896 15,850 89,249 19,714 28,442 13,690 13,513 39,904 10,408 6,845 11,858 16,473 33,950 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 171,094 10,732 39,496 11.728 14.968 10,857 9,370 25.944 8,326 5.682 8,281 9,012 16,698 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,331,571 2956,724 12,552,577 3143,596 4598,381 3347,20 12703,050 9292,286 2241,550 1169,865 2266,278 2060,636 5999,427 Contingent liability on acceptances purchased for foreign correspondents 26,681 1,590 2/7,919 1,934 2,411 1,325 1,139 3,710 1,007 663 1,007 1,246 2,730 industrial loan commitments 2,452 — 116 324 11 81 1,920 FEDERAL RESERVE AGENTS* ACCOUNTS F, R, notes outstanding 27,320,810 1637,472 6,147,114 1856,885 2549,272 2057,838 1416,500 5194,663 1275,58 0577,359 1068,529 761,261 2778,337 Collateral for F.R. ndtes: Gold certificates 11,438,000 640,000 2,670,000 72752,50,00000 11007700,0,0000 07 9759,05,00000 550000,0,00000 22440000,0,00000 425,000 150,000 280,000 283,000 1500,000 Eligible paper 187,125 25,575 30,030 — 37,150 — — 10,950 16,510 66,910 U S. Govt, securities 16,985',000 1200",000 3.600,000 1200,000 1550.000 1300,000 1000,000 2900,00 0910,000 500,000 800*000 525,000 1500,000 e Total collateral 28,610,125 1865,575 6,270,000 1955,030 2620,000 2132,150 1500,000 5300,000 1345,950 666,510 1146,910 808,000 3000,000 *\ j/ After deducting $26^,624,000 participations of other Federa lReserve Banks. •gf After deducting $18,762,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis