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 12, 1956 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 kreserves for the week ending April 11 increased $57 million to $18,917 million .Estimated required reserves decreased $64 million; and estimated excess reserves increased $121 million to $656 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $463 million, compared with $450 millio nthe week before. The principal changes supplying reserves were decreases of $137 million in "other" deposits with Federal Reserve Banks, $52 million in Treasury deposits with Federal Reserve Banks, $19 million in foreign deposits with Federal Reserve Banks, and $18 million in money in circulation, and increases of $134 million in member bank borrowings and $11 million in gold stock .The principal offsetting changes were decreases of $196 million in Federal Reserve float and $113 million in Federal Reserve holdings of U. S. Government securities. Total Reserve Bank credit decreased $177 million. As of Wednesday, April 11, holdings of U. S. Government securities bought outright were $158 million lower than a week earlier ,U. S. Government securities held under repurchase agreement were $21 million lower, and member bank borrowings were $350 million higher. Member bank reserves, Weekly averages of daily figures Reserve Bank credit, Week ending Change from week ending and related items Apr. 11, 1956 Apr. 4, 1956 Apr. 13, 1955 (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright—System account 2233,,551188 -- 6699 -- 8866 Held under repurchase agreement 3 - 44 - 75 Acceptances-- Bought outright 15 " + 2 Held under repurchase agreement -- * Loans, discounts, and advances— Member bank borrowings 1,119 ++113344 +552 Other 1 - - - 95 Float 826 -196 + 25 Total Reserve Bank credit 25,481 -177 +322 Gold stock 21,727 + 11 + 58 TTrreeaassuurryy ccuurrrreennccyy oouuttssttaannddiinngg 5,016 - l + 20 52,224 -166 +399 Money in circulation 30,300 - 18 +360 Treasury cash holdings 782 - 5 - 30 Treasury deposits with F. R. Banks 508 - 52 +183 Foreign deposits with F. R. Banks 328 - 19 - 21 Other deposits with F. R. Banks 307 -137 -246 OOtthheerr FF.. RR.. aaccccoouunnttss ((nneett)) 1,082 + 7 +103 33,300 -222 +351 Member bank reserves-- 18,917 + 57 + 49 Required reserves (estimated) 18,261 - 64 + 47 Excess reserves (estimated) 656 +121 + 2 * Less than $500,000 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 21,741 Treasury cash holdings 787 Treasury currency outstanding 5,018 Member bank) - Required (est.) 18,276 Money in circulation 30,273 reserves ) - Excess (est.) 4l4 On April 11, 1956, U. S. Government securities held in custody b ythe Federal Reserve Banks for foreign account were $3,797 million, an increase of $5 million for the week and an increase of $723 million from the comparable date a Digitized for FRASER http://fraseyre.satloru isafegd.oor.g/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (in thousand^ of dollars) Change since Apr. 11, Apr. 4, Apr. 13, 1956 1956 A SS E TS Gold certificate account 20,215,986 + 24,998 + 77,885 Redemption fund for F. R, notes 839,876 • 5,297 • 7,979 Total gold certificate reserves 21>055,862 + 19,701 + 69,906 F. R. notes of other Bank s*~* 298,327 + 5,037 + 92,414 Other cash 375,585 - 6,249 + 5,336 Discounts and advances 994,639 + 350,257 + 357,280 Industrial loans 660 - 5 + 7 Acceptances: Bought outright 15,001 2 — 869 Held under repurchase agreement 1,000 - U. S. Government securities: Bought outright— Bills 541,500 157,500 341,744 Certificates 10,932,699 -- + 972,558 Notes 9,153,913 —— • 805,558 Bonds 2,801,750 Total bought outright 23,429,862 157,500 174,744 - Held under repurchase agreement - 21,000 - 37,000 Total U. S. Government securities 23,429,862 178,500 211,744 - ~ Total loans and securities 24,440,162 + 171,750 + 143,674 Due from foreign banks 22 «. - Uncollected cash items 4,284,402 + 79,391 - 146,436 Bank premises 64,975 + 645 + 8,970 Other assets 125,465 + 10,840 - 11,826 TOTAL ASSETS 50,644,800 + 281,145 + 162,038 L I A B I L I T I ES Federal Reserve notes 26,031,234 - 14,907 + 468,736 Deposits: Member bank reserves 18,690,255 + 104,711 151,233 U. S. Treasurer--general account 518,488 + 15,188 + 153,903 Foreign 313,444 • 13,225 - 67,192 Other 306,638 + 4,344 103,773 • Total deposits 19,828,825 + 111,018 168,295 Deferred availability cash items 3,512,165 + 173,461 238,481 - Other liabilities and accrued dividends 18,140 + 6 855 TOTAL LIABILITIES 49,390,364 + 269,578 + 62,815 C A P I T AL A C C O U N TS Capital paid-in ~ ~ ~ 313,387 + 3,121 + 21,497 Surplus (Section 7) 693,612 — «• + 32,711 Surplus (Section 13b) 27,543 — — mm mm Other capital accounts 219,894 + , 8,446 + 45,015 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,644,800 + 281,145 + 162,038 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 45.956 .1$ .2$ - - Contingent liability on acceptances purchased for foreign correspondents 42,424 + 71 + 14,291 Industrial loan commitments 2.443 + 5 - 966 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 11, 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 989,389 * 1 4,996 16,500 16 days to 90 days 5,250 419 10,005 525,000 91 days to 1 year 161 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 FRTAoStEaRl 994,639 660 15,001 23,429,862 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 11, 1956 Phila- Cleve- St. Minne- Kansas San Total Boston New York delphia land Richmond Atlanta Chicago Louis apolis City Dallas 1Francisco A S S E TS Gold certificate account 20,215,986 983,905 5,364,524 1215,031 1743,282 1285,592 897,400 3370,582 876,319 415,862 878,496 756,173 2428,820 Redemption fund for F. R. notes 839,876 51,843 174,153 58,788 74,096 62,283 52,364 157,545 43,766 23,490 41,129 26,412 74,007 Total gold certificate reserves 21,055,862 1035,748 5,538,677 1273,819 1817,378 1347,875 949,764 3528,127 920,085 439,352 919,625 782,585 2502,827 F.R. notes of other Banks 298,327 12,504 71,109 27,613 15,255 20,927 69,217 22,439 9,127 3,509 6,018 14,628 25,981 Other cash 375,585 27,241 86,698 19,322 28,732 17,468 30,814 61,435 22,609 8,870 12,014 17,770 42,612 Discounts and advances 994,639 34,950 227,340 19,155 138,355 21,607 20,732 461,755 7,600 17,750 15>095 11,000 19,300 Industrial loans 660 604 56 Acceptances— Bought outright 15,001 15,001 U. S. Govt, securities: Bought outright— Bills 541,500 29,764 136,283 32,539 46,836 33,340 27,844 94,476 22,608 12,231 23,463 21,521 60,595 Certificates 10,932,699 600,927 2,751,520 656,957 945,602 673,115 562,148 1907,450 456,440 246,937 473,714 434,509 1223,380 Notes 9,153,9131 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 Bonds 2,801,750) 154,001 705,139 168,360 242,332 172,501 144,063 488,827 116,973 63,283 121,400 111,353 313,518 Total 23,429,86211287,846 5,896,781 1407,924 2026,519 1442,553 1204,740 4087,655 978,197 529,210 1015,216 931,196 2621,625 Held under repurchase agreement Total U. S. Govt, sees. 23,429,862 1287,846 5,896,781 1407,924 2026,519 1442,553 1204,740 4087,855 978,197 529,210 1015,216 931,196 2621,825 Total loans & securities 24,440,162 1322,796 6,139,122 1427,683 2164,874 1464,160 1225,472 4549,610 985,797 547,016 1030,311 942,196 2641,125 Due from foreign "banks 22 1 1/6 2 2 1 13 1 1 11 2 Uncollected cash items 4,284,402 310,389 790,581 264,860 387,987 352,770 344,291 693,497 186,768 104,871 198,896 222,153 427,339 Bank premises 64,975 5,548 8,075 4,983 6,456 5,925 4,04l 6,027 3,504 3,605 3,826 2,464 10,521 Other assets 125,465 7,050 29,971 7.118 10,665 7,420 7,168 22,931 4,884 2,737 5,327 6,251 13,943 TOTAL ASSETS 50,644,800 2721,277 12,664,239 3025.400 4431,349 3216,546 2630,768 8884,069 2132,775 1109,961 2176,018 1988,048 5664,350 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 FEDERA LRESERVE BANK ON APRIL 11, 1956 H.4.1(c) Total Boston New York P d h e i l l p a hi - 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 Fra S n a ci n s co L I A B I L I T I ES 1556,273 5,939,883 1763,470 2422,648 1968,838 1306,054 5041,871 1195;285 53-6,114 1026,947 680,765 2613,086 Federal Reserve notes 26,031,234 Deposits: 18,690,255' 767,997 5,376,970 883,007 1489,085 829,037 916,710 3000,349 687,914 428,944 874,149 993,375 2442,718 Member bank reserves 518,488* 32,442 89,125 36^954 35,117 45,260 45,834 50,239 26,919 27,523 47,539 43,803 37,733 U.S.Treas.-gen. acct. 22,176 28,028 15,708 13,552 43,120 11,704 7,700 11,704 15,708 32,365 Foreign 3 30 1 6 3 ,6 ,4 3 4 8 4 1 | 2 1 ,7 8 1 , 5 17 2 1 2 /9 3 3 5 , , 5 6 0 6 7 9 9.980 1.079 4.091 2,485 1,142 7,128 l,3o7 1,357 1,082 38,543 Other 19,828^825 821^326 5,795,271 952,117 1553,309 894,096 978,581 3094,850 733,665 465,534 934,749 1053,968 2551,359 Total deposits Deferred availability 3,512,165! 268,354 576,803 219,999 340,738 286,462 287,665 563,745 154,040 95,357 163,615 190,852 364,535 cash items Other liabilities and l8.l4o| 1,003 5,199 969 2,036 873 764 3,047 616 53§ 660 _711 1,724 accrued dividends 49,390,364'2646,956 12,317,156 2936,555 4318,731 3150,269 2573,064 8703,513 2083,606 1077,543 2125,971 1926,296 5530,704 TOTAL LIABILITIES CAPITAL ACCOUNTS 14,278 14,395 41,750 10,762 6,992 12,585 16,993 38,280 313,387 16,295 91,206 20,030 29,821 C S a u p r i p t l a u l s p (S a e i c d t i io n n 7) 6 2 9 7 3, ,5 61 4 2 3 ! 4 3 1, , 6 0 6 1 7 1 19 7 5 , , 3 8 1 2 9 7 4 4 9 , , 4 4 8 9 9 1 6 1 2 , ,5 0 6 0 3 6 3 3 5, ,3 0 4 1 9 2 30,8 7 4 62 1 1 1 , 0 4 1 2 ,8 9 94 5 2 2 7 1 ,649 1 1 7 ,0 ,5 7 8 3 6 1,1 2 3 5 7 , 9 1 6 ,3 0 07 33,847 7 2 1, , 2 l4 7 0 5 Surplus (Section 13b) 219,894 13,348 52,731 14,835 19,228 13,638 11,706 35,483 10,237 6,767 10,365 9,605 21,951 Other capital accounts TOTAL LIABILITIES AND 50,644,800 2721,277 12,664.919 1025.400 4431,349 3216,546 2630,768 8884,069 2132,775 1109,j6l_2176,0l8 1988,048 5664,35? CAPITAL ACCOUNTS liab. on acceptances purchased for 2,157 4,442 2,496 2/12,222 3,046 5,922 foreign correspondents 42,424 Industrial loan commit. FEDERAL RESERVE AGENTS' ACCOUNTS 1606,425 6,179,514 1842,932 2520,614 2016,933 1361,579 5130,141 1249,087 567,035 1051,320 721,751 2736,025 F. R. notes outstanding 26,983,356 Collat, for F. R. notes: 283,000 1500,000 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 41,850 19 155 -- -- — — 7,600 — 15,095 ~~ Eligible paper 17.035,000 1200*000 3,600*000 1200!000 1500.000 1250,000 looo.ooo 3100.00 Q900,000 46o,ooo 800,000 525,000 1500,00? U. S. Govt, securities 28,489,850 1840[000 6,470.000 1944.155 2570,000 2095,000 1500,000 5200,000 1157.600 610.000 1095,095 808,000 3000,000 Total collateral 1/ After deducting $219,912,000 participations of other Federa lReserve Banks. 2/ After deducting $30,202,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis