H.4.1 Factors Affecting Reserve Balances of Depository Institutions

. BOARD OF GOVERNORS For Immediate Release n H*4-1 OF THE FEDERAL RESERVE SYSTEM December 8, 1955 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS n v weekly average of Member bank reserve balances for the week ending *75 ?l l l l on t0 *18,869 million. Estimated Required reserve *Wn million; and estimated Excess reserves increased $40 million to reserves s ss Exceas in ™.ysxzr2&srs bought outright %% j si' m m s f s i e re*e nt were $31 ™mion M g h e r' -a »«* Member Bank Reserves, Reserve Bank Credit, WWeeeekk EEnnddiinngg Change from Week Ending and Related Items DDeecc.. 77,, 11995555 Nov. 30, 1955 Dec. 8. 1954 (In mj Lllions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright--System account 24,039 +136 - 8 50 Held under repurchase agreement 325 +227 +323 Acceptances—Bought outright 18 + X + 18 Loans, discounts and advances *- Member bank borrowings 932 - 38 Other 3 - 1 Float , 957 - 62 Total Reserve Bank credit 26,274 Gold stock 21,688 Treasury currency outstanding 5,008 52,970 +262 Money in circulation 31,070 +108 Treasury cash holdings 7 80 Treasury deposits with F. R. Banks - 2 483 + 44 Foreign deposits with F. R. Banks 424 + 25 Other deposits with F. R. Banks 413 + 15 Other F. R. accounts (net) 931 - 4 34,101 +187 Member bank reserve balances— 18,869 ±_75 Z2§3 Required reserves (estimated) 18,390 + 35 - 5? Excess reserves (estimated) 479 + 40 -239 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 21,689 Treasury cash holdings 700 Treasury currency outstanding 5 , 0 08 Member bank) - Required (est.) ifi Lni Money in circulation 31,14? reserves ) - Excess (est.) *244 - , , „ 0n December 7, 1955, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,558 million, the same as last week, an increase of $544 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U,l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since W, Dec. 7, Nov, Dec, 0, 1955 1955 195k A S S E TS Gold certificates 20,137,352 999 26,753 Redemption fund for F, R. notes 862,820 930 1,761 Total gold certificate reserves 21,000,172" F, R. notes of other Banks 237,02k 9,686 93,k82 Other cash 298,718 26,kOO 3,721 Discounts and advances 977,862 359,533 632,726 Industrial loans 69k 10 72 Acceptances—Bought outright 17,k95 2 17,k95 U. S. Government securities: Bought outright— Bills 1,355,3U6 85,500 - 811,65k Certificates 2,520,076 -k,079,715 Notes 17,399,536 +k,370,515 Bonds 2,801,750 - 290,800 Total bought outright 24,076,708 + 85,500 • 811,651% Held Under repurchase agreement 296,507 + 31,31*7 + 296,50' Total U, S, Government securities + Il6,8k7 " 515,: Total loans and securities 25,369,266 + 1*76,372 + 135,lk6 Due from foreign banks "T 22 Uncollected cash items k,l63,k8k - 32k,231 + 595,879 Bank premises 60,1*58 + 51 + 5,911 Other assets 210,28k + 9,3k2 k,lkl TOTAL ASSETS 51,339,158 + 142,891 + 79k ok$ L I A B I L I T I ES Federal Reserve notes 26,780,k68 + 151,18k + k83,k53 Deposits $ Member bank—reserve accounts I8,6k7,188 173,039 - k25,317 U. S. Treasurer-general account k69,171 7,670 + 119,375 Foreign kkl,395 + 33,780 + 83,683 Other k27,285 + 15,519 + k7,k01 Total deposits 19,985,039 2lk,668 - 17k,858 Deferred availability cash items 3,372,k66 232,133 + k29,183 Other liabilities and accrued dividends 21, 8k0 + 1,560 + 353 TOTAL LIABILITIES 50,159,813 T 135,279 + 738,131 C A P I T AL A C C O U N TS Capital paid in 300,30k 8k + I5,8k0 Surplus (Section 7) 660,901 + 35#888 Surplus (Section 13b) 27,5k3 Other capital accounts 190,897 + 7,528 + k,l83 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,339,k58 + lk2,B91 + 79ii,0k? M Ratio of gold certificate reserves to deposit and F. R, note liabilities combined Uk.9% - »b% - Contingent liability on acceptances purchased for foreign correspondents 26,998 - 236 + 7,315 Industrial loan commitments 2,31k - 25 398 MATURITY DISTRIBUTION OF LOANS AND SECURITIES ,DECEMBER 7, 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 971,719 jj- k,160 "~57l95^55 16 days to 90 days 6,115 13 13,335 1,215,396 91 days to 1 year 28 565 12,952,065 Over 1 year to 5 years 10k 1,587,127 Over 5 years to 10 years 1,013,61k Over 10 years l,klk,857 Digitized for FRATSEoRt al 977,862 W 17,k95 2k,373,215 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 7, 1955 H.4,l(l>) (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kerns.Cy. Dallas SanFran. Gold certificates 20,137,352 1054,290 5,139,850 1158,131 1768,472 1326,361 895,413 3 5 2 0 , 0 98 893,274 355,230 7 6 2 , 3 07 745,785 2518,141 Redemption fund for F. R. notes 8 6 2 , 8 20 5 1 , 8 68 1 8 2 . 0 47 6 0 , 3 64 7 6 , 6 97 7 4 , 2 46 48,982 1 5 5 . 6 05 4 4 , 6 45 2 3 . 7 70 4l,84l 2 7 , 0 20 7 5 . 7 35 Total gold certificate reserves 2 1 , 0 0 0 , 1 72 1 1 0 6 , 1 58 5 , 3 2 1 , 8 97 1 2 1 8 , 4 95 1 8 4 5, 1 69 1400,607 944,395 3675,703 937,919 3 7 9 , 0 00 8o4,l48 7 7 2 , 8 05 2 5 9 3 , 8 76 F.R. notes of other Banks 237,024 15,433 44,952 19,683 7,739 19,477 41,041 21,511 6,919 5,839 6 , 3 78 1 8 , 4 16 2 9 , 6 36 Other cash 298,748 22,084 55,851 17,156 26,346 1 6 , 9 34 2 8 , 1 20 43,971 1 7 , 0 81 7,822 11,666 13,181 38,536 Discounts and advances 977,862 25,275 197,925 70,415 75,430 50,015 6 5 , 0 80 314,945 11,625 27,000 59,070 37,682 43,400 Industrial loans 694 633 61 Acceptances— Bought outright 17,495 17,495 U. S. Govt, securities: Bought outright— Bills 1,355,346 74,847 344,454 8 2 , 4 90 116,483 79,848 69,959 2 3 6 , 4 09 5 6 , 2 44 32,845 58,944 54,347 148,476 Certificates 2 , 5 2 0 , 0 76 139,169 640,465 153,376 2 1 6 , 5 83 148,469 130,082 4 3 9 , 5 69 104,578 6 1 , 0 68 1 0 9 , 5 98 1 0 1 , 0 50 2 7 6 , 0 69 Notes 1 7 , 3 9 9 , 5 36 9 6 0 , 8 72 4 , 4 2 2 , 0 05 1058,971 1495,368 1 0 2 5 , 0 76 8 9 8 , 1 29 3034,949 7 2 2, 0 46 4 2 1, 6 43 756,706 6 9 7 , 6 87 1906,084 Bonds 2 , 8 0 1 . 7 50 1 5 4 , 7 24 712,051 1 7 0 , 5 20 240.791 1 6 5 . 0 62 1 4 4 , 6 21 488.701 1 1 6 , 2 67 67.895 1 2 1. 8 48 1 1 2 , 3 44 3 0 6 . 9 26 Total 24,076,708 1 3 2 9 , 6 12 6 , 1 1 8 , 9 75 1465,357 2 0 6 9 , 2 25 1 4 1 8, 4 55 1242,791 4199,628 999,135 583,451 1 0 4 7 , 0 96 9 6 5, 4 28 2637,555 Held under repurchase agreement 296,507 296,507 Total U. S. Government securities 24,373,215 1329,612 6,415,482 1465,357 2069,225 1418,455 1242,791 4199,628 999.135 583,451 1047,096 965,428 2637.555 Total loans and securities 2 5 , 3 6 9 , 2 66 1354,88? 6 , 6 3 0 , 9 02 1536,405 2144,655 1468,470 1 3 0 7 , 8 71 4514,573 1010,760 610,512 1106,166 1003,110 2680,955 Due from foreign banks 22 1 1/6 2 2 1 1 3 1 1 11 2 Uncollected cash items 4,163,484 304,399 720,342 2 4 0, 1 45 3 7 9 , 0 26 3 3 7 , 8 87 317,999 660,358 197,178 115,083 2 6 1 , 0 96 2 2 5 , 1 86 404,785 Bank premises 60,458 5,639 7, 7 04 5 , 0 72 5,699 5,043 4,261 6 , 0 88 3,4o6 1,848 3,449 2 , 0 36 10,213 Other assets 210.284 11.173 53,689 12,257 17,983 12,114 11,333 37,794 8,355 4.897 8.788 9,579 22.322 TOTAL ASSETS 5 1 , 3 3 9 , 4 58 2 8 1 9 , 7 74 12,835,343 3 0 4 9 , 2 15 4 4 2 6 , 6 19 3260,533 2 6 5 5 , 0 21 8 9 6 0 , 0 01 2 1 8 1 , 6 19 1 1 2 5 , 0 02 2 2 0 1 , 6 92 2 0 4 4 , 3 14 5 7 8 0 , 3 25 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 DECEMBER 7, 1955 1.4.1(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 533,534 1053,363 725,830 2674,275 Deposits: Member bank-reserve accts. 18,647,188 795,615 5,334,018 8 6 6, 5 59 1452,787 827,389 894,519 2996,630 6 8 8 , 7 67 425,988 823,741 1023,631 2517,544 U.S.Treasurer-general acct, 469,171 34,779 78,441 25,470 32,848 42,925 40,351 57,048 23,923 27,554 44,453 24,385 36,994 Foreign 441,395 25,380 l/l4l,886 30,879 38,493 2 1 , 1 50 1 8 , 1 89 5 9 , 2 20 16,074 10,575 16,074 19,881 43,594 1,070 2,966 1,152 42,330 Other Total deposits 19,985,039 860,444 5 , 8 9 8 , 5 88 931,976 1529,947 894,030 956,632 3115,322 736,168 465,187 8 8 7 , 2 34 1 0 6 9 , 0 49 2 6 4 0 , 4 62 Deferred avail, cash items 3,372,466 275,107 542,854 200,495 3 0 2 , 8 52 271,620 269,402 513,576 155,971 94,448 213,312 191,014 341,815 Other liabilities and accrued dividends 21,840 1 , 0 36 6,252 1,190 2,405 1,059 973 3,640 724 854 831 899 1,977 TOTAL LIABILITIES 50,159,813 2748,927 12,505,809 2964,292 4320,328 3198,064 2600,821 8792,526 2134,962 1094,023 2154,740 1986,792 5658,529 Capital paid in 300,304 1 5 , 8 67 89,275 19,727 28,494 13,693 13,590 39,979 10,413 6,848 1 1 , 8 92 16,479 34,041 Surplus (Section 7) 6 6 0 , 9 01 40,309 1 8 8 , 0 70 47,773 6 0 , 2 22 33,480 29,480 9 6 , 5 66 2 6 , 6 19 1 6 , 9 18 24,755 2 9 , 9 85 66,721) 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 1 9 0 , 8 97 1 1 , 6 60 44,870 12,934 1 6 , 5 69 11,947 1 0 , 3 68 29,501 9,104 6,140 9 , 1 68 9,751 1 8 , 8 85 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,339,458 2819,774 12,835,343 3049,215 4426,619 3260,533 2 6 5 5 , 0 21 8 9 6 0 , 0 01 2181,619 1 1 2 5 , 0 02 2 2 0 1 , 6 92 2044,314 5780,32; Contingent liability on acceptances purchased for foreign correspondents 2 6 , 9 98 1 , 6 20 2 / 7 , 8 82 1,971 2,457 1 , 3 50 1 , 1 61 3 , 7 80 1 , 0 26 675 1 , 0 26 1,269 2,781 Industrial loan commitments 2,314 -- -- 6l 3 22 11 -- — -- -- 1 , 9 20 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 2 7 , 7 2 9 , 6 00 1 6 5 6 , 6 06 6,294,076 1907,763 2581,479 2 0 8 2 , 6 72 1439,991 5257,343 1284,768 579,556 1083,302 7 6 8 , 1 36 2793,906 Collateral for F.R. notes: Gold certificates 1 1 , 5 8 8 , 0 00 640,000 2 , 7 7 0 , 0 00 7 2 5 , 0 00 1070,000 8 4 5 , 0 00 500,000 2 4 0 0 , 0 00 4 2 5 , 0 00 1 5 0 , 0 00 2 8 0 , 0 00 2 8 3 , 0 00 1500,00C Eligible paper 2 4 3 , 4 00 2 5 , 2 75 -- 7 0 , 4 15 -- 5 0 , 0 15 — — 1 1 , 6 25 2 7 , 0 00 5 9 , 0 70 U. S, Govt, securities 1 7 , 0 8 5 , 0 00 1 2 0 0 , 0 00 3 , 6 0 0 , 0 00 1 2 0 0 , 0 00 1 5 5 0 , 0 00 1 3 0 0 , 0 00 1 0 0 0 , 0 00 3 0 0 0 , 0 00 910.000 500,000 8 0 0 , 0 00 525,000 1500,00C Total collateral 2 8 , 9 1 6 , 4 00 1 8 6 5 , 2 75 6 , 3 7 0 , 0 00 1995,415 2620,000 2195,015 1500,000 54007000 1346,625 6 7 7 , 0 00 1139,070 808,000 3000,00C l/ After deducting $299,484,000 participations of other Federal Reserve Banks. 2/ After deducting $19,116,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis