H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OP GOVERNORS ; For Immediate Release H.4.1 OF THE FEDERAL RESERVE SM#M August 23, 19$6 WEEKLY AVERAGES OF MEMBER BANK RESERVES.. RESERVE-BANK CREDIT, AMD RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of daily figures of member bank reserves for the week ending August 22 increased $524 million to $19,117 million. Estimated required reserves increased $428 million; and estimated excess reserves increased $96 million to $655 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $223 million, compared with $401 million the week before. The principal changes supplying average reserves were increases of $334 million in Federal Reserve float and $135 million in Federal Reserve holdings of U. S. Government securities, and decreases of $54 million in Treasury deposits with Federal Reserve Banks, $42 million in foreign deposits with Federal Reserve Banks, and $27 million in money in circulation. The principal offsetting change was a decrease of $82 million in member bank borrowings. Total Reserve Bank credit increased $388 million. As of Wednesday, August 22, holdings of U. S. Government securities bought outright were $127 million higher than a week earlier, U. S- Government securities held under repurchase agreement were $147 million lower, and member bank borrowings were $26 million lower. Member bank reserves, Averages of daily figures Reserve Bank credit, For week ending Change from week ending and related items Aug. 22, 1956 Aug. 15. 19561 Aug. 24, 1955 1 I • H |> n (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright--System account 23,446 + 28 -350 128 +107 +128 Held under repurchase agreement Acceptances— Bought outright 17 » — + 2 Held under repurchase agreement * + * + * Loans, discounts, and advances— Member bank borrowings 878 - 82 +189 Other 1 - 35 Float 1,171 ±334 +280 Total Reserve Bank credit 25,642 +217 Gold stock 21,856 mm +174 Treasury currency outstanding 5,037 + 1 +, 32 52,536 +390 +424 Money in circulation 30,654 - 27 +366 Treasury cash holdings 778 + 5 - 25 Treasury deposits with F. R. Banks 485 - 54 -109 Foreign deposits with F. R. Banks 293 - 42 -122 Other deposits with F. R. Banks 266 - 11 -127 Other F. R. accounts (net) 944 3 - 2 33,419 -134 - 21 Member bank reserves— 19,117 +524 +444 Required reserves (estimated) 18,462 +S2B +362 Excess reserves (estimated) 655 + 96 + 82 * 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 21,657 Treasury cash holdings 782 Treasury currency outstanding 5,046 Member bank) - Required (est.) 18,465 Money in circulation 30,611 reserves ) - Excess (est.) 294 On August 22, 1956, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3*676 million, a decrease of $39 million for the week and an increase of $292 million from the comparable date Digitized for FRASER a year ago. 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 Aug. 22, Aug. 15, Aug. 24, 1956 1956 Iff? A S S E TS Gold certificate account 20,321,392 - 1 + 186,039 Redemption fund for F. R. notes 850,253 - 175 - 1,002 Total gold certificate reserves 21,171,645 - 176 + 185,037 F. R. notes of other Banks 332,247 + 13,611 + 96,167 Other cash 395,035 + 11,450 + 28,525 Discounts and advances 806,186 - 26,014 + 372,713 Industrial loans 930 + 3 + 403 Acceptances—bought outright 17,114 - 1 + 2,670 U. S. Government securities: Bought outright-- Bills 655,870 + 126,500 - 418,476 Certificates 10,932,699 -« +8,412,623 Notes 9,153,913 - - -8,245,623 Bonds 2,801,750 m — Total bought outright 23,544,232 + 126,500 - 251,476 Held under repurchase agreement 147,400 Total U. S. Government securities 23,544,232 20,900 - 251,476 • Total loans and securities 24,368,462 46,912 + 124,310 Due from foreign banks 22 -- -- Uncollected cash items 4,645,788 - 612,755 + 821,321 Bank premises 70,310 + 67 + 12,222 Other assets 238,029 10,571 + 77,511 TOTAL ASSETS 51,221,?38 624,144 +1,345,093 L I A B I L I T I ES Federal Reserve notes 26,394,786 23,542 + 451,109 Deposits: Member bank reserves 18,758,924 2,978 + 544,236 U. S. Treasurer—general account 553,518 + 1,333 - 31,644 Foreign 303,843 + 15,318 - 106,091 Other 252,042 24*481 - 124,656 Total deposits 19,868,327 - 10,808 + 281,845 Deferred availability cash items 3,706,144 - 598,787 + 524,206 Other liabilities and accrued dividends 16,246 - , 578 + 1,657 TOTAL LIABILITIES 49,985,503 - 633,715 +1,258,817 C A P I T AL A C C O U N TS Capital paid in 317,813 66 + 21,161 Surplus (Section 7) 693,612 + 32,711 Surplus (Section 13b) 27,543 Other capital accounts 1?7,067 •dm +__a 2*404 hm TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,221,538 +TT34 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.8# Contingent liability on acceptances purchased for foreign correspondents 52,412 + 2,007* + 25,272 Industrial loan commitments 2,?07 + 10 - 852 * August 15 figure revised. MATURITY DISTRIBUTION OF LOANS AND SECURITIES .AUGUST 22, 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 786,914 2 5,442 ' " 201,250 16 days to 90 days 19,085 163 11,672 454,620 91 days to 1 year 187 444 19,372,764 Over 1 year to 5 years 321 1,087,127 Over 5 years to 10 years 1,013,614 Over 10 years 1.414,857 Total SoSTISS 930 17,114 23,544,232 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 22, 1956 (In thousands of dollars) Phila- Cleve- St. Minne- Kansas San Total Boston New York delphia land Richmond Atlanta Chicago Louis apolis City Dallas Francisco A S S E TS Gold certificate account 20,321,392 932,388 5,359,199 1097,893 1781,256 1266,495 910,445 3737,210 798,790 355,009 859,851 714,754 2508,102 Redemption fund for F. R. notes 850,253 58,774 175,840 60,997 73,750 70,141 50,611 154,088 42,727 23,200 42,325 25,760 72,040 Total gold certificate -reserves 21,171,645 991,162 5,535,039 1158,890 1855,006 1336,636 961,056 3891,298 841,517 378,209 902,176 740,514 2580,142 F.R. notes of other Banks 332,247 32,020 54,447 43,051 18,194 22,988 48,553 21,306 10,430 19,863 9,738 17,805 33,852 Other cash 395,035 29,586 88,413 26,511 40,182 19,254 31,358 53,291 23,663 9,063 12,007 14,284 47,423 Discounts and advances 806,186 28,729 256,260 41,245 98,760 45,604 22,450 187,515 23,100 29,556 35,687 21,230 16,050 Industrial loans 930 300 580 50 Acceptances— Bought outright 17,114 17,114 -- - - — - U. S. Govt, securities: Bought outright— Bills 655,870 36,050 165,067 39,411 56,728 40,382 33,725 114,430 27,383 14,815 28,419 26,067 73,393 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 1597,102 382,176 206,759 396,639 363,813 1024,332 Bonds 2.801.750 154,001 705,139 168(360 242,332 172,501 488.827 116,973 63,283 121,400 111,353 313,518 Total 23,544,232 1294,132 5,925,565 1414,796 2036,411 1449,595 1210,621 4107,809 982,972 531,794 1020,172 935,742 2634,623 Held under repurchase agreement Total U. S. Govt, sees. 23,544,232 1294,132 5,925,565 1414,796 2036,411 1449,595 1210,621 4107,809 982,972 531,794 1020,172 935,742 2634,623 Total loans & securities 24,368,462 1323,161 6,198,939 1456,621 2135,171 1495,199 1233,071 4295,324 1006,072 561,400 1055,859 956,972 2650,673 Due from foreign banks 22 1 1/ 6 2 2 l 1 3 1 1 1 1 2 Uncollected cash items 4,645,788 385,503 8377m 302,878 420,305 358,387 335,607 727,520 181,918 116,205 234,967 255,913 489,474 Bank premises 70,310 5,418 8,612 4,893 7,276 6,984 3,997 ,5,951 4,064 Other assets 238,029 12,840 57,819 13,985 20,434 14,492 13,099 43,496 9,642 ^ i k l: A S M S :® TOTAL ASSETS 51,221,538 2779,69112,780,386 3006,831 4496,570 3253,941 2626,742 9038,189 2077,307 1094,677 2229,050 1999,194 5838,960 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(G )STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 22, 1956 (In thousands of dollars) Total Boston | New York ^leve- Richmond Atlanta j Chicago ^ ™ e- Dallas ^ V r a m ca LLL III AAA BBB III LLL III TTT III EEESSS FFFeeedddeeerrraaalll RRReeessseeerrrvvveee nnnooottteeesss 26,394,786 1583,941 6,064,452 1732,104 2464,963 2 0 2 1 , 6 91 1302,489 5 1 2 8 , 3 17 1175,296 505,467 1047,735 706,340 2 6 6 1 , 9 91 DDDeeepppooosssiiitttsss::: MMMeeemmmbbbeeerrr bbbaaannnkkk rrreeessseeerrrvvveeesss 18,758,924 795,361 5,417,047 8 8 8 , 9 76 1 4 9 2 , 2 41 8 1 7 , 9 82 9 1 1 , 2 22 2 9 9 0 , 4 4? 6 6 2 , 0 79 4l8,8l8 8 9 4 , 5 41 9 5 9 , 0 58 2 5 1 1 , 1 52 UUU...SSS...TTTrrreeeaaasss...---gggeeennn... aaaccccccttt... I 553,518 30,057 6 8 , 8 38 3 4 , 1 01 40,498 3 6 , 0 66 5 6 , 1 34 1 1 1 , 6 44 2 1 , 6 64 2 8 , 7 08 3 6 , 0 85 30,574 59,149 303,843 1 6 , 9 92 1/ 9 8 , 1 86 2 0 , 7 36 2 6 , 2 08 1 4 , 6 88 1 2 , 6 72 40,320 1 0, 9 44 7 , 2 00 1 0, 9 44 1 4 , 6 88 3 0 , 2 65 FFFooorrreeeiiigggnnn 252,042 3,149 178,989 1 1, 0 40 1,235 2 , 2 08 1,374 1,401 7 , 5 56 1 , 0 89 1 , 5 46 1,331 4 1 , 1 24 OOOttthhheeerrr TTToootttaaalll dddeeepppooosssiiitttsss 19,868,327 845,559 5,763,060 954,853 1560,182 870,944 981,402 3143,812 702,243 455,815 943,116 1005,651 2641,690 DDDeeefffeeerrrrrreeeddd aaavvvaaaiiilllaaabbbiiillliiitttyyy 3,706,144 2 7 5 , 8 02 6 0 7 , 6 53 2 3 1 , 1 61 3 5 8 , 4 14 2 9 4 , 8 18 2 8 5 , 1 10 5 8 6 , 3 67 1 5 0 , 6 45 100,793 1 8 8 , 2 12 2 2 5 , 0 77 4 0 2 , 0 92 cccaaassshhh iiittteeemmmsss OOOttthhheeerrr llliiiaaabbbiiillliiitttiiieeesss aaannnddd aaaccccccrrruuueeeddd dddiiivvviiidddeeennndddsss 16,246 1 , 1 18 4,223 763 1,585 776 796 3, 0 46 5 20 684 6 08 751 1,376 49,985,503 2706,420 12,439,388 2918,881 4385,144 3188,229 2569,797 8861,542 2028,704 1062,759 2179,671 1937,819 5707,149 TTTOOOTTTAAALLL LLLIIIAAABBBIIILLLIIITTTIIIEEESSS CCCAAAPPPIIITTTAAALLL AAACCCCCCOOOUUUNNNTTTSSS •••gggaaapppiiitttaaalll pppaaaiiiddd iiinnn 317,813 16,355 91,867 20,434 30,356 14,595 14,767 42,436 1 0 , 9 06 7 , 0 56 12,778 17,513 38,750 SSStttKKKcccpppllluuusss (((SSSeeeccctttiiiooonnn 777))) 693,612 41,667 195,827 49,491 6 2 , 5 63 3 5, 0 12 30,841 101,894 27,649 1 7 , 5 86 2 5 , 9 60 33,847 71,275 ===SSSmmmggg???llluuusss (((SSSeeeccctttiiiooonnn 111333bbb))) 27,543 3 , 0 11 7,319 4,489 1 , 0 06 3,349 7 62 1,429 521 1,073 1,137 1,307 2,i4o 197,067 1 2 , 2 38 45,985 13,536 17,501 12,756 10,575 3 0 , 8 88 9,527 6 , 2 03 9,504 8 , 7 08 19,646 OOOttthhheeerrr cccaaapppiiitttaaalll aaaccccccooouuunnntttsss TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD 51,221,538 2779,691 1 2 , 7 8 0 , 3 86 3 0 0 6 , 8 31 4496,570 3 2 5 3, 9 41 2 6 2 6 , 7 42 9 0 3 8 , 1 89 2077,307 1094,677 2 2 2 9 , 0 50 1 9 9 9, 1 94 5 8 3 8 , 9 60 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCoonnttiinngg.. lliiaahh.. oonn aacccceepptt-aanncceess ppuurrcchhaasseedd ffoorr ffoorreeiiggnn ccoorrrreessppoonnddeennttss 52,412 3 , 0 92 2/ 14,998 3,773 4,769 2 , 6 72 2 , 3 06 7,336 1,991 1 , 3 10 1,991 2 , 6 72 5 , 5 02 IInndduussttrriiaall llooaann ccoommmmiitt.. 2,507 -• — 50 223 — — — 106 —— —— 2,128 -• —— FEDERAL RESERVE AGENTS' ACCOUNTS FF.. RR.. nnootteess oouuttssttaannddiinngg 27,319,231 1641,586 6,268,446 1814,117 2542,645 2083,489 1364,960 5207,301 1215,671 554,761 1079,949 743,901 2802,40$ CCoollllaatt.. ffoorr FF.. RR.. nnootteess:: GGoolldd cceerrttiiffiiccaattee aacccctt.. 11,498,000 5 8 0 , 0 00 2 , 8 7 0 , 0 00 6 5 0 , 0 00 1 0 9 0 , 0 00 8 4 5 , 0 00 5 0 0 , 0 00 2 3 0 0 , 0 00 4 5 0 , 0 00 1 5 0 , 0 00 2 8 0 , 0 00 2 8 3 , 0 00 1 5 0 0 , 0 00 EElliiggiibbllee ppaappeerr 91,032 —— — 32,245 ~ — - - —— —— 23,100 — — 35,687 — — UU.. SS.. GGoovvtt,, sseeccuurriittiieess 1 6 , 9 8 5 , 0 00 1 2 0 0 ,C OO 3, 6 0 0, 0 00 1 2 0 0 , 0 00 1 5 0 0 , 0 00 1 3 0 0 , 0 00 1 0 0 0 , 0 00 3000,000 9 0 0 , 0 00 460,000 8 0 0 , 0 00 5 2 5 , 0 00 1 5 0 0 , 0 00 TToottaall ccoollllaatteerraall 28,574,032 1 7 8 0 , 0 00 6 , 4 7 0 , 0 00 1 8 8 2, 2 45 2 5 9 0 , 0 00 2 1 4 5 , 0 00 1 5 0 0 , 0 00 5 3 0 0 , 0 00 1 3 7 3 , 1 00 6 1 0 , 0 00 1 1 1 5 , 6 87 8 0 8 , 0 00 3 0 0 0 , 0 00 1/ After deducting $205,632,000 participations of other Federal Reserve Banks. 2/ After deducting $37,414,000 participations of other Federal Reserve Banks. , Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis