H.4.1 Factors Affecting Reserve Balances of Depository Institutions

H.4.1 BOARD OF GOVERNORS For Immediate Release OF THE FEDERAL RESERVE SYSTEM December 1, 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 30 decreased $242 million to $18,794 million. Estimated Required reserves decreased $69 million; and estimated Excess reserves decreased $173 million to $442 million. Member bank borrowings at the Federal Reserve Banks exceeded Excess reserves by $528 million. The principal changes decreasing reserves were a decrease of $46? million in Federal Reserve float and an increase of $138 million in Money in circulation. The principal offsetting changes were increases of $159 million in Member bank borrowings and $113 million in Federal Reserve holdings of U. S. Government securities, and a decrease of $93 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $196 million. As of Wednesday, November 30, holdings of U. S. Government securities bought outright were $103 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $26$ million higher, and Member bank borrowings were $170 million lower. Member Bank Reserves, Weekly Averages of Daily Figures Reserve Bank Credit, Week Ending f Change from"Week Endingand Related Items Nov. 30> 19551 Nov. 23, 19551 Dec. 1, 1954 fin millions of doliarsJ Reserve Bank credit: U. S. Government securities-- Bought outright--System account 23,903 + 15 - 812 Held under repurchase agreement 98 + 98 + 91 Acceptances--Bought outright 17 + 17 Loans, discounts and advances-- Member bank borrowings 970 +159 + 644 Other 4 - 2 168 • Float 1,019 -467 321 4* Total Reserve Bank credit 25,012 -196 + 94 Gold stock 21,688 + 1 - 22 Treasury currency outstanding 5,008 mm m* + 26 52,705 -195 + 98 Money in circulation 30,96^ 3 +138 + 496 Treasury cash holdings 782"! - 1 - 24 Treasury deposits with F. R. Banks 439 - 93 — 166 Foreign deposits with F. R. Banks 399 + 4 + 3 Otir.er deposits with F. R. Banks 398 - 1 - 7 Other F. R. accounts (net) 935 - — 54 33,914 + 47 + 356 Member bank reserve balances-- 18,794 -242 - 258 Required reserves (estimated) 18,352 - 69 - 112 Excess reserves (estimated) 442 -173 - 146 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 21,688 Treasury cash holdings 783 Treasury currency outstanding 5,008 Member bank) - Required (est.) 18,386 Money in circulation 30,988 reserves ) - Excess (est.) 88 On November 30, 1955, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,558 million, an increase of $lb million for the •week and an increase of $556 million from the comparable date Digitizeda f oyr FeRaArS EaRg o. 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. 30, Nov. 23, Dec. 1, 1955 1955 1954 A S S E TS . Gold certificates 20,138,351 2 27,752 Redemption fund for F. R. notes 863,750 - 3,252 - 126 Total gold certificate reserves 21,002,101 - 3,254" - 27,878 F. R. notes of other Banks 227,338 + 2,349 + 91,274 Other cash 325,148 + 1,995 + 5,380 Discounts and advances 618,329 - 177,568 + 241,567 Industrial loans 704 - 29 + 97 Acceptances--Bought outright 17,493 + 512 + 17,493 U. S. Government securities: Bought outright— Bills 1,269,846 + 103,000 897,154 Certificates 2,520,076 -- -4,079,715 Notes 17,399,536 -- +4,370,515 Bonds 2,801,750 w - 290,800 - Total bought outright 23,991,205 + 103,000 - 897,154 Held under repurchase agreement 265,160 + 265,160 + 265,160 Total U. S. Government securities 24,256,368' + 368,160 631,99% - Total loans and securities 24,892,894 + 191,075 - 372,837 Due from foreign banks 22 — «• *# Uncollected cash items 4,487,715 - 263,080 482,888 Bank premises 60,407 - 23 + 6,068 Other assets 200,942 + 10,274 - 3,591 TOTAL ASSETS 51,196,567 60,664 + 181,304 - L I A B I L I T I ES Federal Reserve notes 26,629,284 + 49,426 + 519,195 Deposits: Member bank--reserve accounts 18,474,149 _ 58,675 469,572 U. S. Treasurer--general account 476,841 - 2,026 • 264,795 Foreign 407,615 + 3,412 + 21,363 Other 411,766 + 31,943 + 21,967 Total deposits 19,770,371 - 25,346 - 691,037 Deferred availability cash items 3,604,599 - 90,672 + 298,709 Other liabilities and accrued dividends 20,280 - 202 - 4 TOTAL LIABILITIES 50,024,534 66,794 + 126,863 - C A P I T AL A C C O U N TS Capital paid in 300,220 + 55 + 16,173 Surplus (Section 7) 660,901 + 35,888 Surplus (Section 13b) 27,543 — — — — Other capital accounts 183,369 + 6,075 + 2,380 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,196,567 60,664 + 181,304 - Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.3# + .1# Contingent liability on acceptances purchased for foreign correspondents 27,234 - 500 + 8,287 Industrial loan commitments 2,339 27 407 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 30, 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 610,079 12 5,163 6,123,059 l6 days to 90 days 8,209 33 12,330 1,165,646 91 days to 1 year 41 8? 12,952,065 Over 1 year to 5 years 1,587,127 Over 5 years to 10 years 1,013,614 Digitiz O ed v f e o r r F R 1 A 0 S E y R e ars 1,414,857 http://fraser.stloTuoistfeadl.o rg/ 616,329 70F 17,493 24,256,368 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 30, 1955 H.4.l(h) (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 20,138,351 958,180 5,028,787 1186,686 1808,178 1232,217 876,725 3785,314 877,472 339,994 728,402 702,968 2563,426 Redemption fund for , . E. notes 863,750 51,969 182,474 60,564 75,848 74,807 49,070 155,769 44,696 23,790 4l,884 27,058 75,821 F Total gold certificate reserves 21,002,101 1010,149 5,211,261 1247,250 1884,026 1357,024 925,795 3941,083 922,168 363,784 770,286 730,026 2639,24s 227,338 16,183 8,631 18,782 8,581 5,617 16,528 F.R. notes of other Banks 43,116 18,244 19,991 37,152 8,4l0 26,10] 61,358 18,472 17,652 12,094 Other cash 325,148 22,902 17,713 31,593 27,710 46,36l 7,957 13,551 47,785 618,329 58,625 Discounts and advances 13,025 79,085 23,340 29,120 71,153 63,640 33,000 41,996 106,308 61,287 37,75C Industrial loans 704 — — 643 — — -- -- — 6i Acceptances— Bought outright 17>^93 — 17*^93 U. S. Govt- securities: Bought outright— 65,546 Bills 1,269,846 70,126 322,725 77,286 109,134 74,811 221,495 52,696 30,773 55,226 50,918 139,11C Certificates 2,520,076 139,169 640,465 153,376 216,583 148,469 130,082 439,569 104,578 61,068 109,598 101,050 276,06s 960,872 1058,971 1025,076 898,129 697,687 1906,08!; Notes 17,399,536 4,422,005 1495,368 3034,949 722,046 421,643 756,706 165,062 116,267 67,895 306,926 Bonds 2,801,750 154,724 712,051 170,520 240,791 144,621 488,701 121,848 112,344 23,991,20a 1324,891 Total 6,097,246 1460,153 2061,876 1413,418 1230,37% 4184,714 995,587 581,379 1043,378 961,999 2628,18$ Held under repurchase 265,160 — 265,160 — -- — — — — — -*» — - —* agreement Total U. S. Government 24,256,368 1324,891 6,362,406 2061,876 1238,378 2628,18s securities 1460,153 1413,418 4i84,7l4 995,587 581,379 1043,378 961,999 Total loans and securities 24,892,894 1337,916 6,458,984 1484,136 2090,996 1472,043 1309,531 4248,354 1028,587 623,436 1149,686 1023,286 2665,93s Due from foreign banks 22 l l/ 6 2 2 1 1 3 1 1 1 1 2 267,986 188,533 Uncollected cash items 4,487,715 355,641 8347775 445,935 315,987 313,335 754,050 117,719 229,492 227,007 437,255 Bank premises 60,407 5,638 7,698 5,072 5,695 5,043 4,261 6,088 3,405 1,848 3,455 2,036 10,166 10,788 11,561 36,168 Other assets 200,942 50,821 11,780 17,204 10,88l 8,025 4,740 8,403 9,203 21,366 TOTAL ASSETS 51,196,567 2759,218 12,668,019 30)2,183 4484,082 3200,122 2628,666 9050,889 2176,952 1127,895 2179,034 2021,638 5847,869 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 30, 1955 (in thousands of dollars) H.4.1(c) 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 26,629,284 1606,505 6,017,554 1820,301 2467,446 2017,443 1363,710 5136,526 1233,325 530,857 1046,299 727,641 2661,671 Deposits: Member bank-reserve accts. 18,474,149 726,552 5,196,991 853,153 1475,198 789,410 877,075 3039,602 687,786 428,953 847,383 977,242 2574,801 26,617 U.S.Treasurer-general acct. 476,841 27,833 51,586 37,344 42,999 29,647 46,591 69,293 25,983 37,713 40,029 41,204 Foreign 407,615 23,040 1/135,718 28,032 34,944 19,200 16,512 53,760 14,592 9,600 14,592 18,048 39,57' 1,270 Other Total deposits 19,770,371 781,574 5,709,160 928,400 1558,405 840,851 941,714 3163,621 743,827 465,649 902,048 1036,589 2698,53: 608,226 Deferred avail, cash items 3,604,599 299,618 217,873 350,258 278,822 268,392 581,347 152,717 100,047 183,246 199,387 364,66( Other liabilities and 20,280 1,149 2,288 706 881 782 2,02: accrued dividends 1,023 5,609 972 1,027 3,284 537 TOTAL LIABILITIES 50,024,534 2688,720 12,340,549 2967,723 4378,397 3138,088 2574,843 8884,778 2130,575 1097,090 2132,474 1964,39$ 5726,891 Capital paid in 300,220 15,865 89,272 19,719 28,464 13,692 13,584 39,955 10,413 6,846 11,891 16,473 34,o4< 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 66,72: 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,l4< 28,l6l 5,968 18,06: "Other capital accounts 183,369 11,313 42,809 12,479 15,993 11.513 9,997 8,824 8,777 9,474 TOTAL LIABILITIES AND 51,196,567 2759,218 12,668,019 3052,183 4484,082 3200,122 2628,666 9050,889 2176,952 2179,034 2021,638 5847,86; CAPITAL ACCOUNTS 1127,895 Contingent liability on acceptances purchased for foreign correspondents 27,234 1,632 2/7,977 1,986 2,475 1 , 3 60 1,170 3,808 1,033 680 1,033 1,278 2,80: Industrial loan commitments 2,339 86 322 11 1,920 FEDERAL RESERVE AGENTS' ACCOUNTS 27,566,730 1651,046 6,231,692 1895,834 2567,110 2068,572 1424,070 5227,077 1285,235 577,421 770,065 F. R. notes outstanding 1076,235 2792,37: Collateral for F.R. notes: 11,538,000 640,000 2,770,000 725,000 1070,000 795,000 500,000 2400,000 425,000 150,000 280,000 283,000 1500,001 Gold certificates 276,180 13,025 -- 23,340 -- 58,625 -- — 33,000 41,996 106,194 Eligible paper 17,085,000 1200,000 3,600,000 1200,000 1550,000 1300,000 1000,000 3000,000 800,000 U. S. Govt, securities 910,000 500,000 525,000 1500,00' 28,899,180 1653,025 6,370,000 1948,340 2620,000 2153,625 1500,000 5400,000 1368,000 691,996 1106,194 808,000 3000,00< Total collateral 1/ After deducting $271,872,000 participations of other Federal Reserve Banks. 2/ After deducting $19,257,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis