H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS For Immediate Release H;4.1 OF THE FEDERAL RESERVE SYSTEM April 5, 1956 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 reserves for the week ending April 4 decreased $168 million to $18,860 million. Estimated required reserves decreased $124 million; and estimated excess reserves decreased $44 million to $535 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $450 million, compared with $617 million the week before. The principal changes reducing reserves were a decrease of $211 million in member bank borrowings, and increases of $127 million in "other" deposits with Federal Reserve Banks and $69 million in money in circulation. The principal offsetting changes were increases of $126 million in Federal Reserve holdings of U. S. Government securities and $8l million in Federal Reserve float, and a decrease of $39 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $3 million. As of Wednesday, April 4, U. S. Government securities held under repurchase agreement were $5 million higher^and member bank borrowings were $62 million lower. ^UBTU <VAM-CZJS)X&AJ-CIAJ Member bank reserves, Weekly averages of daily figures Reserve Bank credit, Week ending Change from week ending and related items Apr. 4, 1956 Mar. 28, 1956[Apr. 6, 1955 (In millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright—System account 23,587 + 92 - 17 Held under repurchase agreement 47 + 34 + 8 Acceptances-- Bought outright 15 + 1 + 9 Held under repurchase agreement -- €> Loans, discounts, and advances— Member bank borrowings 985 -211 +466 Other 1 —— - 93 Float 1,022 + 81 +366 Total Reserve Bank credit 25,658 - 3 +74o Gold stock 21,716 + 1 - 3 Treasury currency outstanding 5,017 + 2 + 20 52,390 - 1 +756 Money in circulation 30,3*6"^ + 69 +487 Treasury cash holdings 787- H - 34 Treasury deposits with F. R. Banks 560 - 39 + 1 Foreign deposits with F. R. Banks 347 + 6 + 3 Other deposits with F. R. Banks 444 +127 - 48 OOtthheerr FF.. RR.. aaccccoouunnttss ((nneett)) 1,075 + 6 + 99 33,530 +167 +507 Member bank reserves-- 18,860 -168 +249 Required reserves (estimated) 18,325 -124 +270 Excess reserves (estimated) 535 - 44 - 21 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 21,716 Treasury cash holdings 788 Treasury currency outstanding 5,Ol6 Member bank) - Required (est.) 18,369 Money in circulation 30,279 reserves ) - Excess (est.) 217 On April 4, 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,792 million, a decrease of $4 million for the week and an increase of $715 million from the comparable date a Digitized yfoer aFrR ASaEgRo . http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Apr, 4, Mar. 28, Apr. 6, 1956 1956 1955 A S S E TS Gold certificate account 20,190,988 + 7,685 mm Redemption fund for F. R. notes 845,173 - • • 5,278 Total gold certificate reserves 21,036,161 • — + 2,607 F. R. notes of other Banks 293,260 + 2,980 + 114,937 Other cash 381,834 6,504 + 4,435 Discounts and advances 644,382 - 61,564 - 62,985 Industrial loans 665 17 + 156 Acceptances: Bought outright 15,003 + 501 + 4,004 Held under repurchase agreement 2,109 -- " - U. S. Government securities: Bought outright-- Bills 699,000 - 184,244 Certificates 10,932,699 + 972,558 Notes 9,153,913 - 805,558 Bonds 2,801,750 Total bought outright 23^587,362 17,244 Held under repurchase agreement 21,000 5,000 Total U. S. Government securities W.362 5,000 -§fi§ Total loans and securities 24,268,412 56,080 - 97>178 Due from foreign banks 22 Uncollected cash items 4,205,011 - 228,401 + 519,459 Bank premises 64,330 + 59 4- 8,390 Other assets 114,625 - 3,550 - 16,601 TOTAL ASSETS 50,363,655 - 291,496 +.. 536 ,049 L I A B I L I T I ES Federal Reserve notes 26,046,141 + 36,798 + 455*283 Deposits: Member bank reserves 18,585,544 3,318 - 205>798 U. S. Treasurer--general account 503,300 8,421 + 60,785 Foreign 326,669 15,983 - 24,536 Other 302,294 14^184 - 142,665 Total deposits 19,717,807 - 35,270 - 312,214 Deferred availability cash items 3,338,704 - 301,933 + 298,089 Other liabilities and accrued dividends 18,134 + 557 + 1,877 TOTAL LIABILITIES 49,120,786 - 299,848 + 443>035 C A P I T AL A C C O U N TS Capital paid in 310,266 284 + 19,150 Surplus (Section 7) 693,612 + 32,711 Surplus (Section 13b) 27,543 Other capital accounts 211,448 + 8,068 + 41,153 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,363,655 - 291,496 + 536,049 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.0# Contingent liability on acceptances purchased for foreign correspondents 42,353 + 3,280 + 13,733 Industrial loan commitments 2,438 + 6 1,085 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 4, 1956 (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 635,267 1 5,586 45,000 16 days to 90 days 9,115 447 9,417 675,000 91 days to 1 year 138 19,372,764 Over 1 year to 5 years 79 1,087,127 Over 5 years to 10 years 1,013,614 Over 10 years 1.414.857 Digitized for FRASER http://fraser.stlou T is o fe t d a .o l rg / 644,382 665 15,003 23,608,362 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE ^ANK ON APRIL 4, 1956 H A. 1(b) (in thousands of dollars) Total Boston New York d T e E l T p X h t i T a Cl l e a v n e d - Richmond Atlanta Chicago Lo S u t i . s M a i p n o n l e i - s Ka C n i s t a y s Dallas Fran Sa c n i sco A S S E TS Gold certificate account 20,190,988 1015,281 5,435,804 1175,910 1794,146 1236,944 920,067 3361,985 857,163 428,886 884,420 736,533 2343,849 Redemption fund for F. R. notes 845,173 52.130 175.290 59,292 74,500 64,006 52,587 157,977 43,883 23,526 41,231 26,504 74,247 Totals gold certificate reserves 21,036,161 1067,411 5,611,094 1235,202 1868,646 1300,950 972,654 3519,962 901,046 452,412 925,651 763,037 2418,096 F.R. notes of other Banks 293,260 12,908 66,870 27,299 17,568 22,171 67,121 20,850 8,408 3,581 4,417 14,426 27,641 Other cash 381,834 26,944 88,750 19,977 31,681 18,446 27,647 62,721 22,821 7,797 12,751 18,645 43,654 Discounts and advances 644,382 32,490 48,935 24,515 71,155 17,230 24,200 359,690 5,000 11,100 11,917 4,550 33,600 Industrial loans 665 609 56 Acceptances— Bought outright 15,003 15,003 U. S. Govt, securities: Bought outright— Bills 699,000 38,421 175,922 42,0 vv 0 y 3w w6 0-,r4 5^9 43,0 3375 943 121,955 , 29,183 15,789 30,288 27,781 78,219 600!927 2,751^520 656^957 945*602 673^115 562*148 1907,450 456,440 246,937 473,714 434,509 1223,380 Certificates 10,932,699 503,154 2,303,839 550,068 791,749 563,597 470,685 1597,102 382,176 206,759 396,639 363,813 1024,332 Notes 9,153,913 154.001 705,139 168,360 242,332 172,501 144,063 488,827 116,973 63,283 121,400 111,353 313,518 Bonds 2,801,750 1296^503 5,936,420 i4l7'388 2040,142 1452,250 1212,839 4115,334 984,772 532,76b 1022,041 937,456 2639,449 Total 23,587,362 Held under repurchase agreement 21.000 21,000 Total U. S. Govt, sees. 23,608,362 1296.503 5,957.420 1417,388 2040,l42 1452.250 1212.839 4115,334 984,772 532,768 1022,041 937,456 2639,449 Total loans & securities 24,268,412 1328,993 6,021,358 1442,512 2111,297 1469,480 1237,039 4475,024 989,772 543,924 1033,958 942,006 2673,049 Due from foreign banks 22 l l/ 6 2 2 1 1 3 1 1 1 1 2 aa as as as a ^ @ as aa Uncollected cash items 4,205,011 286,653 7637728 292,818 400,485 311,703 320,219 732,155 183,315 104,264 202,786 197,992 408,893 Bank premises 64,330 Other assets 114,625 TOTAL ASSETS 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 APRIL 4, 1956 H.4.1(c) (In thousands of dollars) Phila- Cleve- St. Minne- Kansas San Total Boston New York delphia^ land Richmond Atlanta Chicago Louis apolis City Dallas Francisco L I A B I L I T I ES Federal Reserve notes 26,046,l4l|1557,816 5,954,664 1766,795 2420,563 1974,094 1306,706 5039,428 1195,662 514,474 1025,747 682,821 2607,371 Deposits: Member bank reserves 18,585,544 795,532 5,357,760 897,497 1511,769 801,951 936,034 2937,117 665,210 423,176 901,906 972,646 2384,946 V.S.Treas.-gen. acct. 503,300 26,009 64,043 23,240 41,941 34,450 39,057 71,111 37,085 49,205 36,470 40,997 39,692 Foreign 326,669 19,293 1/93,166 23,544 29,757 16,677 14,388 45,780 12,426 8,175 12,426 16,677 34,360 Other 302,294 2,075 224,966 10,215 1,628 4.078 1,849 1,048 8,663 715 3,513 1,294 42,250 Total deposits 19/717,8071 842,909 5,739,935 954,496 1585,095 857,156 991,328 3055,056 723,384 481,271 954,315 1031,614 2501,248 Deferred availability 3,338,704; 258,402 542,681 218,726 326,312 237,486 279,151 561,460 144,923 89,031 157,839 167,948 354,745 cash items Other liabilities and accrued dividends 18.1341 1,351 4.902 912 2,123 839 861 3,046 583 619 609 646 1,643 49,120,786|2660,478 12,242,182 2940,929 4334,093 3069,575 2578,046 8658,990 2064,552 1085,395 2138,510 1883,029 5465,007 TOTAL LIABILITIES CAPITAL ACCOUNTS ^Capital paid in 310,266 16,292 91,205 20,035 29,818 14,278 14,377 41,748 10,760 6,992 12,586 16,964 35,211 -Surplus (Section 7) 693,612 41,667 195,827 49,491 62,563 35,012 30,841 101,894 27,649 17,586 25,960 33,847 71,275 Surplus (Section 13%>) 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 211,448 12.869 50,480 14,335 18,511 13,188 11,328 33,850 9,936 6,592 10,008 9,306 21,045 TOTAL LIABILITIES AND 2734,317 12,587,013 3029.279 4445,991 3135,402 2635,354 8837,911 2113,418 1117,638 2188,201 1944,453 5594,678. CAPITAL ACCOUNTS 50,363,655 Conting. liab. on acceptances purchased for foreign correspondents 42,353 2,478 2/12,365 3,024 3,822 2,142 1,848 5,880 1,596 1,050 1,596 2,142 4,410 2,128 Industrial loan commit. 2.438 — — 63 247 FEDERAL RESERVE AGENTS' ACCOUNTS F, R. notes outstanding 27,018,952 1611,363 6,202,097 1852,084 2517,782 2021,011 1366,275 5132,536 1247,255 567,941 1051,055 721,904 2727,649 Collat. for F. R. notes: Gold certificate acct. 11,413,000 640,000 2,870,000 725,000 1070,000 845,000 500,000 2100,000 450,000 150,000 280,000 283,000 1500,000 Eligible paper 41,432 24,515 — — — — 5,000 — 11,917 U. S. Govt, securities 17,035,000 1200,000 3,600,000 1200,000 1500.000 1250.000 1000,000 3100.000 900,000- 460,000 800,000 525,000 1500,000 Total collateral 28,489,432 1840,000 6,470,000 1949.515 2570.000 2095.000 1500.000 5200,000 1355,000 610,000 1091,917 808,000 3000,000 l/ After deducting $233,478,000 participations of other Federal Reserve Banks. 2/ After deducting $29,988,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis