H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) January 8, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended January 7, Member bank reserves increased $952 million. The principal changes supplying reserves were an increase of |870 million in Reserve Bank credit and decreases of $271 million in Money in circulation and #112 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were increases of $233 million in Treasury deposits with Federal Reserve Banks and $21 million in Foreign deposits with Federal Reserve Banks, and a decrease of $49 million in Gold stock. The increase of $870 million in Reserve Bank credit resulted from an increase of $1,180 million in Loans, discounts and advances and decreases of $306 million in U. S. Government securities and $2 million in Float. Holdings of U, S, Government securities reflected decreases of $294 million in bills and $12 million in certificates. Change since Member Bank Reserves Jan. 7, Dec. 31, Jan. 9, and Related Items 1953 1952 1952 (in millions of dollars) Reserve Bank credit: U. S, Government securities 24,391 - 306 + 939 Loans, discounts and advances 1,340 +1,180 +1,138 Float 965 - 2 + 65 Total 26,695 + 870 +2,141 Gold stock 23,137 - 49 + 365, Treasury currency outstanding 4,814 + 1 + 107 Money in circulation 30,153 — 271 +1,353 Treasury cash holdings 1,280 + 2 —— Treasury deposits with F, R, Banks 622 + 233 + 553 Foreign deposits with F. R. Banks 571 + 21 + 42 Other deposits with F. R. Banks 343 - 112 + 101 Other F. R, accounts (net) 776 - 1 + 33 Member bank reserves 20,902 + 952 + 533 Required reserves (estimated) 20,307 — 133 + 756 Excess reserves (estimated) 595 +1 ,085 - 223 Daily average excess reserves (estimated) 725 - 209 - 404 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 Jan. 7, Dec. 31; Jan. 9, 1953 1952 1952 A S S E TS Gold certificates 21,125,103 59*999 + 290,152 - Redemption fund for F. R. notes 810,603 + 10,000 + 91,179 Total gold certificate reserves 21,935,706 49,999 + 381,331 - Other cash 359,070 + 37,050 14,158 - Discounts and advances 1,335,879 + 1,179,500 + 1,138,273 Industrial loans 3,854 38 630 - - U. S. Government securities: Bills 1,046,550 - 294,200 + 711,090 Certificates 5,048,516 12,100 7,655,882 - - Notes 13,773,671 + 8,705,598 - -- Bonds 4,521,975 822,152 - - - - Total U. S. Government securities 24,390,712 - 306,360 + 938,654 Total loans and securities 25,730,445 873,162 + 2,076,297 Due from foreign banks 23 — - 5 F. R. notes of other banks 255,448 + 15,990 1,149 - Uncollected cash items 3,786,759 - 452,020 + 343,167 Bank premises 48,337 11 + 4,642 • Other assets 170,079 4- 9,201 + 25,585 TOTAL ASSETS 52,285,867 + 433,373 + 2,815,710 L I A B I L I T I ES Federal Reserve notes 26,032,103 218,196 + 1,247,148 ~ Deposits: Member bank--reserve accounts 20,902,244 + 951,872 533,394 U. S. Treasurer--general account 621,539 + 232,731 + 552,492 Foreign 570,632 + 20,673 + 41,139 Other 342,673 - 112,242 + 100,381 Total deposits 22,437,088 + 1,093,034 + 1,2277505 Deferred availability cash items 2,821,872 449,689 + 278,012 - Other liabilities and accrued dividends 15,237 + 314 + 2,457 TOTAL LIABILITIES 51,306,300 + 425,463 + 2,755,023 C A P I T AL A C C O U N TS Capital paid in 253,244 + 610 + 15,172 Surplus (Section 7) 584,676 mm mm mm + 46,334 Surplus (Section 13b) 27,543 #"**** — — - Other capital accounts 114,104 + 7,300 - 819 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,285,867 + 433,373 + 2,815,710 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 4455..33## - .9# - 1.6% Contingent liability on acceptances purchased for foreign correspondents 20,298 + 506 + 1,160 Industrial loan commitments 3,177 34 2,980 - - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 7, 1953 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 1,110,615 198 724,300 16 to 90 days 225,264 1,977 4,062,600 91 days to 1 year 1,337 10,520,141 Over 1 year to 5 years 342 6,655,200 Over 5 years to 10 years 1,070,224 Over 10 years 1,358,247 Total 1,335,879 3,854 24,390,712 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT Of • C0HMTI053 'OF TEE* FEDERAL RESERVE BASKS ON JAWUARY 7> 1953 H.4.1(b) (in thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls, Kans.Cy. Dallas SanFran. Gold certificates 21,125,103 666,389 6,707,278 1267,376 1503,U70 850,415 666,469 4080,590 599,617 336,281 985,458 698,223 2763,537 Redemptionfund for o,6o 64.891 135,378 57,278 85,475 76,732 59,350 124,453 51,901 25,549 41,266 29,382 58,948 8l 3 ^"reserves CertlfiCate- 21,935,706 731,280 6,842,656 1324,654 1588,945 927,147 725,819 4205,043 651,518 361,830 1026,724 727,605 2822,485 Discounts^and advances 1,335^79 2^900 288:895 4^390 100A30 60^25 29^90 541^770 64^65 Ssi&O 6o',504 7^80 53^30 Industrial loans 3,854 - - 3,483 -- 57 179 -- -- 135 U'p?;i?Vt' securltieB; 1 *6,550 - 461,324 46,475 72,068 53,039 48,177 134,927 40,232 23,172 29,463 35,822 101,851 : ST"*' ^S:S III ' i:l 11::111:1 S:l IS &:! £:l SI T°se^lti;sG°VeZSg^ 24,390,712 1718,653 5,434,005 1505,423 2334,428 1718,045 1568,730 3541,880 1303,206 750,608 954,363 1160,352 2401,019 Total loans and securities ~ 25,730,445 1746,553 5,722,900 1558,296 2434,558 1778,227 1598,799 4083,650 1367,271 803,343 1014,867 1167,732 2454,249 4 I fl il il 1 11 il II il " 51 TOTAL ASSETS 52,285,867 2825,473 13,437,585 3172,513 4404,752 3122,413 2665,719 903M04 2237,995 1296,767 2292,535 2090,904 5704,807 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 THE FEDERAL RESERVE BANKS ON JANUARY 7, 1953 H,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 26,032,103 1588,759 5,727,649 1843,487 2394,797 1867,267 1430,499 4940,398 1220,684 649,563 1019,399 750,650 2598,951 Deposits: Member bank-reserve accts. 20,902 244 864,442 6,306,025 982,154 1582,393 887,916 924,501 3381,441 772,408 483,982 1011,972 1094,212 2610,798 } U.S.Treasurer-general acct. 621,539 27,212 174,404 41,882 38,546 45,062 25,834 74,493 37,489 28,488 41,805 39,206 47,118 Foreign 570,632 34,282 1/174,405 42,150 51,704 28,100 24,166 76,994 21,356 14,050 21,356 25,290 56,779 Other 342.673 4.665 270.715 1.648 6.546 5.753 2.129 1.110 8.604 1.393 277 840 38.993 Total deposits 22,437,088 930,601 6,925,549 1067,834 1679,189 966,831 976,630 3534,038 839,857 527,913 1075,410 1159,548 2753,688 Deferred avail, cash items 2,821,872 244,096 500,237 186,774 239,613 236,064 214,034 423,277 137,448 92,422 158,814 135,529 253,564 Other liabilities and accrued dividends 15.237 639 7# !,??? 751 664 2.945 598 503 J±2Z_ 652 1-132 TOTAL LIABILITIES 51,306,300 2764,095 13,158,420 3098,831 4314,954 3070,913 2621,827 8900,658 2198,587 1270,401 2254,100 2046,179 5607,335 Capital paid in 253,244 13,649 80,166 17,262 24,247 11,025 10,553 32,401 8,820 5,740 9,512 12,316 27,553 Surplus (Section 7) 584,676 36,462 167,503 43,578 54,064 29,248 25,803 84,628 23,628 15,131 21,925 25,381 57,325 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 114.104 8.256 24.177 8.353 10.481 7.878 6.774 15.288 6.439 4.422 5.861 5.721 10.454 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,285,867 2825,473 13,437,585 3172,513 4404,752 3122,413 2665,719 9034,404 2237,995 1296,767 2292,535 2090,904 5704,807 Contingent liability on acceptances purchased for foreign correspondents 20,298 1,238 2/5,938 1,522 1,867 1,015 873 2,781 771 508 771 914 2,050 Industrial loan commitments 3,177 1,116 751 70 124 763 353 FEDERAL RESERVE AGENTS9 ACCOUNTS F„ R. notes outstanding 27,313,695 1654,198 6,032,890 1936,319 2498,480 1960,608 1512,102 5105,945 1287,524 663,358 1056,182 800,988 2805,101 Collateral for F.R, notes: Gold certificates 12,149,000 400,000 3,520,000 850,000 820,000 600,000 360,000 2700,000 280,000 170,000 280,000 269,000 1900,000 Eligible paper 621,019 26,070 274,645 47,140 — 56,825 — — 62,925 51,850 59,364 42,200 U. S, Govt, securities 15.690.000 1300.000 2.600.000 1100.000 1700.000 1400.000 1200.000 2500.000 1025.000 505.000 800.000 560.000 1000.000 Total collateral 28,460,019 1726,070 6,394,645 1997,140 2520,000 2056,825 1560,000 5200,000 1367,925 726,850 1139,364 829,000 2942,200 1/ After deducting $396,210,000 participations of other Federal Reserve Banks. 2/ After deducting #14,310,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis