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 26, 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 25 decreased $25 million to $18,884 million. Estimated required reserves increased $19 million; and estimated excess reserves decreased $44 million to $598 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $462 million, compared with $467 million the week before. The principal changes reducing reserves were decreases of $117 million in Federal Reserve holdings of U. S. Government securities and $49 million in member bank borrowings, and an increase of $38 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $135 million in money in circulation and $12 million in foreign deposits with Federal Reserve Banks, and an increase of $44 million in Federal Reserve float. Total Reserve Bank credit decreased $123 million. As of Wednesday, April 25# holdings of U. S. Government securities bought outright were $108 million lower than a week^earlier, and member bank borrowings were $54 million higher. Member bank reserves, Weekly averages of daily figures Reserve Bank credit, Week ending Change from week ending and related items Apr. 25, 1956 Apr. 18, 19561Apr. 27, 1955 (In millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright--System account 23,282 - 95 -322 Held under repurchase agreement - 22 — Acceptances-- Bought outright 14 - 1 - 5 Held under repurchase agreement -- - - - 2 Loans, discounts, and advances-- Member bank borrowings 1,060 - 49 +598 Other 1 «- — - 81 Float 1,017 + 44 +156 Total Reserve Bank credit 25,374 -123 Gold stock 21,742 + 1 + 71 Treasury currency outstanding 5,019 + 1 + 21 52,134 ^122 +435 Money in circulation 30,155 -135 +469 Treasury cash holdings 782 - 3 - 31 Treasury deposits with F. R. Banks 569 + 38 + 28 Foreign deposits with F. R. Banks 335 - 12 - 32 Other deposits with F. R. Banks + 18 331 -107 Other F. R. accounts (net) 1,078 - 3 +100 33,250 - 97 Member bank reserves-- 18,884 - 25 + 7 Required reserves (estimated) 18,286 + 19 + 26 Excess reserves (estimated) 598 - 44 -19 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 21,742 Treasury cash holdings 784 Treasury currency outstanding 5,021 Member bank) - Required (est.) 18,260 Money in circulation 30,077 reserves ) - Excess (est.) 227 On April 25, 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,795 million, an increase of $16 $682 million for the week and an increase pf million from the comparable date a year ago. Digitized for FRASER 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 Apr. 25, Apr. 18, Apr. 27, 1956 1956 11995555 A S S E TS Gold certificate account 2200,,220055,,998866 - 10,000 + 67,883 Redemption fund for F. R. notes 844,886 + 7,225 - 2,174 Total gold certificate reserves 21,050,872 2,775 + 65,709 F. R. notes of other Banks 340,899 + 29,706 + 111,425 Other cash 396,692 + 14,498 + 2,990 Discounts and advances 857,395 + 54,253 + 371,201 Industrial loans 955 + 79 + 293 Acceptances: Bought outright 13,668 W 1,303 ~ 4,434 Held under repurchase agreement - - - 1,098 U. S. Government securities: Bought outright— Bills 363,470 - 107,600 - 519,774 Certificates 10,932,699 -- + 972,558 Notes 9,153,913 — — - 805,558 Bonds 2,801,750 Total bought outright 23,251,832 - 107,600 • 352,774 Held under repurchase agreement — — — «• . Total U. S. Government securities 23,251,832 107,600 - 352,774 Total loans and securities 24,123,850 54,571 + 13,188 Due from foreign banks 22 Uncollected cash items 4,603,911 ~ 653,724 + 350,482 Bank premises 65,388 + 79 4" 9,342 Other assets 149,675 + 15,007 + 1,228 TOTAL ASSETS 50,731,309 - 651,700 t 554,364 L I A B I L I T I ES Federal Reserve notes "" 25,887,133 - 96,402 + 471,882 Deposits: Member bank reserves 1188,,448877,,447766 - 247,223 - 116666,,774411 U. S. Treasurer--general account 570,828 + 126,871 - 52,112 Foreign 337,053 - 18,633 «• 47,139 Other 312,706 + 3,963 98,064 Total deposits 19,708,063 135,022 364,056 Deferred availability cash items 3,846,918 ~ 428,924 + 339,535 Other liabilities and accrued dividends 17,913 + 198 - 92 TOTAL LIABILITIES 49,460,027 - 660,150 + 447,269 C A P I T AL A C C O U N TS Capital paid in 313,595 + 109 + 21,563 Surplus (Section 7) 693,612 + 32,711 Surplus (Section 13b) 27,543 -- Other capital accounts 236,532 + 8,261 + 52,821 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,731,309 - 651,780 + 554,364 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 4466..22## + ..33$$ + .1$& Contingent liability on acceptances purchased for foreign correspondents 42,930 - 3,917 + 15,210 Industrial loan commitments 2.445 - 82 - 951 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 25, 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 850,870 3,314 62,400 16 days to 90 days 6,525 437 10,354 301,070 91 days to 1 year 148 19,372,764 Over 1 year to 5 years 370 1,087,127 Over 5 years to 10 years 1,013,614 Digitized O f v o e r F r R A 1 S 0 E R y ears 1.414.857 http://fraser.stlouTisofetda.olrg / 857,395 95? 13,668 23,251,832 Federal Reserve Bank of St. Louis

H.It. 1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 25, 1956 Phila- Cleve- St. Minne- Kansas San Total Boston New York Richmond Atlanta CChhiiccaaggoo DDaallllaass delphia land Louis apolis City Francisco A S S E TS Gold certificate account 20,205,986 958,530 5,455,133 1198,174 1794,100 1227,107 897,841 3427,520 835,802 380,797 832,323 709,899 2488,760 Redemption fund for F. R. notes 844,886 51,587 173,077 58,338 73,718 70,653 52,142 157,135 43,648 23,461 41,039 26,312 73,776 Total gold certificate reserves 21,050,872 1010,117 5,628,210 1256,512 1867,818 1297,760 949,983 3584,655 879,450 404,258 873,362 736,211 2562,536 F.R. notes of other Banks 340,899 16,038 79,397 30,480 17,935 24,764 73,281 27,499 10,935 5,226 8,716 17,084 29,544 Other cash 396,692 29,248 94,905 18,620 28,450 20,130 33,626 60,864 24,944 9,153 12,423 17,661 46,668 Discounts and advances 857,395 19,055 113,225 31,595 59,930 23,780 35,627 390,435 35,875 51,350 39,736 47,687 9,100 Industrial loans 955 300 600 55 Acceptances-- Bought outright 13,668 13,668 U. S. Govt, securities: Bought outright— Bills 363,470 19,978 91,476 21,841 31,438 22,379 18,690 63,415 15,175 8,210 15,749 14,446 40,673 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 9,153,913 503,154 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 63,283 121,4oo 111,353 313,518 Total 23,251,832 1278,060 5,851,974 1397,226 2011,121 1431,592 1195,586 4056,794 970,764 525,189 1007,502 924,121 2601,903 Held under repurchase agreement Total U. S. Govt, sees. 23,251,832 1278,060 5,851,974 1397,226 2011,121 1431,592 1195,586 4056,794 970,764 525,189 1007,502 924,121 2601,903 Total loans & securities 24,123,850 1297,415 5,978,867 1429,421 2071,051 1455,372 1231,213 4447,229 1006,639 576,594 1047,238 971,808 2611,003 Due from foreign banks 22 1 1/6 2 2 1 13 1 1 11 2 Uncollected cash items 4,603,911 392,966 835,101 263,632 411,957 365,441 374,503 707,847 189,600 108,722 214,356 260,993 478,793 Bank premises 65,388 5,515 8,075 4,960 6,558 6,151 4,029 6,022 3,516 3,612 3,875 2,464 10,611 Other assets 149,675 7,495 34,736 8,258 12,345 8,660 8,216 26,308 5,709 3,209 6,137 7,146 21,456 TOTAL ASSETS 50,731,309 2758,795 12,659,297 3011,885 44l6,ll6 3178,279 2674,852 8860,427 2120,794 1110,775 2166,108 2013,368 5760,613 1/ After deducting $16,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 25, 1956 (In thousands of dollars) Phila- Cleve- St. Minne- Kansas San TToottaall Boston New York delphia land Richmond Atlanta Chicago Louis apolis City Dallas Franciscc L I A B I L I T I ES Federal Reserve notes 2255,,888877,,113333 1550,285 5,907,588 1754,068 2417,043 1955,121 1295,329 5028,184 1186,622 513,786 1021,541 678,402 2579,164 Deposits: Member bank reserves 18,487,476 755,027 5,283,095 875,795 1469,199 789,037 928,143 2948,871 666677,,112200 441111,,777777 885522,,336611 979,598 2527,453 U.S.Treas.-gen. acct. 570,828 43,008 101,612 35,968 30,2.18 42,367 47,715 62,659 37,664 44,258 48,627 42,745 33,987 Foreign 337,053 19,234 1/104,264 23,472 29,666 16,626 14,344 45,640 12,388 8,150 12,388 16,626 34,255 Other 312,706 3,048 ~ 242,546 9,451 1,212 3,070 1,711 1,586 6,685 744 989 909 40,755 Total deposits 19,708,063 820,317 5,731,517 944,686 1530,295 851,100 991,913 3058,75b 723,857 464,929 914,365 1039,878 2636,450 Deferred availability cash items 33,,884466,,991188 311,717 664,022 222,382 352,777 303,945 328,385 558866,,667711 159,910 9988,,661188 178,804 231,842 407,845 Other liabilities and accrued dividends 17,913 1,287 4,646 881 1,986 859 739 3,001 617 660 677 880 1,680 TOTAL LIABILITIES 49,460,027 2683,606 12,307,773 2922,017 4302,101 3111,025 2616,366 8676,612 2071,00b 1077,993 2115,387 1951,002 5625,139 CAPITAL ACCOUNTS Capital paid in 313,595 16,352 91,220 20,052 29,841 14,325 14,412 41,756 10,762 6,997 12,595 17,003 38,280 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 13b) 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 236,532 14,159 57,158 15,836 20,605 14,568 12,471 38,736 10,856 7,126 11,029 10,209 23,779 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 50,731,309 2758,795 12,659,297 3011,885 4416,116 3178,279 2674,852 8860,427 2120,794 1110,775 2166,108 2013,368 5760,613 Contin. liab. on acceptances purchased for foreign correspondents 42,930 2,531 2/ 12,300 3,089 3,904 2,188 1,888 6,006 1,630 1,072 11,,663300 2,188 4,504 Industrial loan commit. 2,445 — «• -- 72 245 — — - - — — — «•» - - 2,128 — - - - FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,902,288 1604,378 6,158,120 1837,975 2516,231 2017,324 1356,608 5120,253 1238,208 566,054 1052,060 720,618 2714,458 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 100,206 — — — 24,595 -- — -- - - 35,875 — 39,736 — - 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 28,548,206 .! 1840,00 06,470,000 1949,595 2570,000 2095,000 1500,000 5200,000 1385,875 610,000 1119,736 808,000 3000,000 l/ After deducting $232,764,000 participations of other Federal Reserve Banks, 2/ After deducting $30,630,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis