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 25, 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 23 increased $153 million to $19,036 million. Estimated Required reserves increased $139 million; and estimated Excess reserves increased $14 million to $615 million. Member bank borrowings at the Federal Reserve Banks exceeded Excess reserves by $196 million. The principal changes increasing reserves were an increase of $473 million in Federal Reserve float, and decreases of $165 million in Other deposits with Federal Reserve Banks and $81 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $362 million in Member bank borrowings and $180 million in Federal Reserve holdings of U. S. Government securities, and an increase of $30 million in Money in circulation. Total Reserve Bank credit decreased $64 million. As of Wednesday, November 23, holdings of U. S, Government securities bought outright were $99 million lower than a week earlier and Member bank borrowings were $240 million higher. Member Bank Reserves, Weekly Averages of Daily Figures Reserve Bank Credit, Week Ehding Change from Week Ending and Related Items Nov. 23, 1955 Nov. 16, 1955jNov. 24, 1954 (In millions of dollars) Reserve Bank credit: U, S. Government securities— Bought outright—System account 23,888 -130 - 665 Held under repurchase agreement —— - 50 ~ Acceptances—Bought outright 17 —— + 17 Loans, discounts and advances— Member bank borrowings 811 -362 + 690 Other 6 + 5 - 174 Float 1,486 +473 + 440 Total Reserve Bank credit 26,208 - 64 + 308 Gold stock 21,687 + 1 — 22 Treasury currency outstanding 5,008 — + 28 52,903 - 63 + 314 Money in circulation 30,824 + 30 + 506 Treasury cash holdings 783 + 9 - 17 Treasury deposits with F. R. Banks 532 - 81 — 44 Foreign deposits with F. R. Banks 395 - 5 - 14 Other deposits with F, R. Banks 399 -165 — Other F, R. accounts (net) 935 - 3 + 53 33,867 -216 + 484 Member bank reserve balances— 19.036 +153 — 169 Required reserves (estimated) 18,421 +139 — 103 Excess reserves (estimated) 615 + 14 66 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 21,687 Treasury cash holdings 777 Treasury currency outstanding 5,008 Member bank) - Required (est.) 18,378 Money in circulation 30,945 reserves ) - Excess (est.) 2.55 On November 23, 1955, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,542 million, an increase of $2 million for the week and an increase of $526 million from the comparable date a Digitiyzeeda forr FaRgAoSE.R http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

8.4,1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since Nov. 23, Nov. 16, Nov. 24, 1955 1955 1954 A S S E TS Gold certificates 20,138,353 - 17,000 - 37,751 Redemption fund for F. R. notes 867,002 + 21,999 + 13,125 Total gold certificate reserves 21,005,355 + 4,999 24,626 F. R. notes of other Banks 224,989 - 17,471 + 96,339 Other cash 323,153 - 7,991 - 3,598 Discounts and advances 795,897 + 247,981 + 358,590 Industrial loans 733 + 59 + 224 Acceptances--Bought outright 16,981 + 807 + 16,981 U. S. Government securities: Bought outright— Bills 1,166,846 98,700 - 665,154 Certificates 2,520,076 — -4,079,715 Notes 17,399,536 - - +4,370,515 Bonds 2,801,750 —— • 290,800 Total bought outright 23,888,208 - 98,700 - 665,154 Held under repurchase agreement *» «* m •» •» Total U. S. Government securities 23,888,208 - 98,700 665,154 Total loans and securities 24,701,819 + 150,147 289,359 Due from foreign banks 22 w — w mm Uncollected cash items 4,750,795 -1,211,937 + 844,530 Bank premises 60,430 + 58 + 6,093 Other assets 190,668 + 7,855 - 6,550 TOTAL ASSETS 51,257,231 -1,074,340 + 622,829 L I A B I L I T I ES Federal Reserve notes 26,579,858 + 173,630 + 569,921 Deposits: Member bank—reserve accounts 18,532,824 * 124,962 - 386,897 U. S. Treasurer—general account 478,867 - 156,269 - 59,016 Foreign 404,203 + 20,737 + 3,888 Other 379,823 15,749 + 16,955 • Total deposits 19,795,717 • 276,243 - 425,070 Deferred availability cash items 3,695,271 - 978,983 + 424,612 Other liabilities and accrued dividends 20,482 787 • 648 TOTAL LIABILITIES 50,091,328 -1,080,809 + 568,815 C A P I T AL A C C O U N TS Capital paid in 300,165 + 269 + 16,296 Surplus (Section 7) 660,901 + 35,888 Surplus (Section 13b) 27,543 «. mm Other capital accounts 177,294 + 6,200 + 1,830 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,257,231 -1,074,340 + 622,829 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.3# + .1$ .256 • Contingent liability on acceptances purchased for foreign correspondents 27,734 + 1,053 + 99,,886622 Industrial loan commitments 2,312 140 + 272 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 23, 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 709,719 12 7,412 119,700 16 days to 90 days 6,130 33 9,569 6,800,845 91 days to 1 year 48 584 12,952,065 Over 1 year to 5 years 104 1,587,127 Over 5 years to 10 years 1,013,614 Over 10 years 1,414,857 Digitized for FRASER Total 795,897 733 16,981 23,88b,208 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 23/ 1*955* (in thousands of dollars) H.4.1(b) Total Boston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. A S S E TS 20,138,353 976,372 5,181,984 1176,962 1785,609 1311,870 874,736 3636,390 872,106 326,304 803,258 717,317 2475,445 Gold certificates Redemption fund for 867,002 52,147 183,198 60.900 76,123 75,750 49,213 156,051 44,774 23,815 41,947 27,114 75,970 F. R. notes Total gold certificate 21,005,355 1028,519 5,365,182 1237,862 1861,732 1387,620 923,949 3792,441 916,880 350,119 845,205 744,431 2551,415 reserves F.R. notes of other Banks 224,989 17,985 39,483 17,120 7,386 17,156 39,983 21,284 9,590 5,211 7,257 18,398 24,136 323 153 24,227 64,307 18,651 32,890 19,884 28,891 47,661 17,913 7,683 11,563 12,219 37,264 Other cash Discounts and advances 795,897 22,905 229,696 43,894 29,418 43,775 61,694 100,170 25,954 50,046 79,700 32,921 75,724 __ -- 672 -- -- -- -- -- 6l Industrial loans 733 Acceptances— Bought outright 16,981 — 16,981 U. S. Govt, securities: Bought outright— 1,166,846 64,437 296,548 71,017 100,282 68,743 60,230 203,530 48,422 28,277 50,746 46,788 127,826 Bills 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 Certificates 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 23,888/208 1319,202 6,071,069 1453,084 2053,024 1407,350 1233,062 4166,749 991,313 578,883 1038,898 957,869 2616,905 Total Held under repurchase agreement Total U. S. Government 23,888,208 1319,202 6,071,069 1453,884 2053,024 1407,350 1233,062 4166,749 991,313 578,883 1038,898 957,869 2616,905 securities 24,701,819 1342,107 6,317,746 1498,450 2082,442 1451,125 1294,756 4266,919 1017,267 628,990 1118,598 990,790 2692,629 Total loans and securities i Due from foreign banks 22 l l/ 6 2 2 1 1 3 1 1 1 1 , 2 Uncollected cash items 4,750,795 380,786 8627046 280,456 457,801 350,919 336,067 812,488 199,082 126,605 231,104 222,112 491,329 60,430 5,672 7,720 5,072 5,702 5,064 4,273 6,108 3,411 1,851 3,427 2,039 10,091 Bank premises 190,668 10,320 46,914 11,228 16,368 11,104 10,443 34,444 7,626 4,533 8,050 9,132 20,506 Other assets 51,257,231 2809,617 12,703,404 3068,841 4464,323 3242,873 2638,363 8981,348 2171,770 1124,993 2225,205 1999,122 5827,372 TOTAL ASSETS 1/ 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 23, 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 26,579,858 1604,943 6,010,407 1814,951 24.61,529 2007,947 1358,743 5132,271 1227,452 530,460 1041,066 728,977 2661,115 Deposits: Member bank-reserve accts. 18,532,824 783,341 5,241,537 879,640 1458,427 805,831 886,219 2962,064 679,243 428,844 905,831 964,254 2537,593 U.S.Treasurer-general acct. 478,867 35,539 72,048 36,350 45,250 35,815 35,517 56,395 33,240 18,630 38,471 32,943 38,665 Foreign 404,203 23,640 1/125,226 28,762 35,854 19,700 16,942 55,160 14,972 9,850 14,972 18,518 40,601 Other 800 675 Total deposits 19,795,717 845,651 5,739,545 955,820 1544,808 863,388 940,281 3074,465 735,478 458,970 960,074 1016,390 2660,841 Deferred avail, cash items 3,695,271 287,777 622,076 212,877 350,745 308,801 284,871 606,231 162,014 104,315 176,848 195,677 383,039 Other liabilities and accrued dividends 20,482 1,012 5,578 1,111 2,095 1,019 986 3,383 681 585 873 1,064 2,095 TOTAL LIABILITIES 50,091,328 2739,383 12,377,606 2984,759 4359,177 3181,155 2584,881 8816,350 2125,625 1094,330 2178,861 1942,108 5707,095 Capital paid in 300,165 15,850 89,267 19,719 28,441 13,691 13,583 39,952 10,410 6,846 11,891 16,473 34,045 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 66,722 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 177,294 11,064 41,142 12,101 15,477 11,198 9,657 27,051 8,595 5,826 8,561 9,249 17,37] TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,257,231 2809,617 12,703,404 3068,841 4464,323 3242,873 2638,363 8981,348 2171,770 1124,993 2225,205 1999,122 5827,372 Contingent liability on acceptances purchased for foreign correspondents 27,734 1,662 2/8,122 2,022 2,521 1,385 1,191 3,878 1,053 692 1,053 1,302 2,85; Industrial loan commitments 2,312 57 324 11 1,920 FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding 27,426,256 1647,757 6,180,228 1887,427 2548,307 2056,289 1415,989 5212,321 1285,373 576,287 1074,160 763,077 2779,04] Collateral for F.R. notes: Gold certificates# 11,438,000 640,000 2,670,000 725,000 1070,000 795,000 500,000 2400,000 425,000 150,000 280,000 283,000 1500,OOC Eligible paper 263,888 22,425 43,310 — 43,375 — — 25,650 49,846 79,282 — — U. S. Govt, securities 17.085.000 1200.000 3.600.000 1200.000 1550.000 1300.000 1000.000 3000.000 910.000 500.000 800.000 525.000 1500.OOC Total collateral 28,786,888 1862,425 6,270,000 1968,310 2620,000 2138,375 1500,000 5400,000 1360,650 699,846 1159,282 808,000 3000,OOC l/ After deducting ,952,000 participations of other Federa lReserve Banks. 2/After deducting $19,612,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis