H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) January 15, 1953 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended January 14, Member bank reserves decreased $242 million. The principal changes reducing reserves were a decrease of $529 million in Reserve Bank credit and increases of $128 million in Foreign deposits with Federal Reserve Banks and $21 million in Other deposit swith Federal Reserve Banks. The principal offsetting changes were decreases of $269 million in Money in circulation and $167 million in Treasury deposits with Federal Reserve Banks. The decrease of $529 million,i nReserve Bank credit resulted from decreases of $260 million in Loans, discounts and advances, $186 million in U. S. Government securities, and $84 million in Float. Holdings of U. S. Government securities reflected decreases of $172 million in bills and $14 million in certificates. Change since Member Bank Reserves Jan. 14, Jan. 7, Jan. 16, and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S.'Government securities 24,205 -186 +1,086 Loans, discounts and advances 1,080 -260 + 9Ul Float 881 - Bh - 233 Total 26,166 -529 +1,794 Gold stock 23,137 + 315 Treasury currency outstanding h,8lh + loll Money in circulation 29,881* -269 +1,358 Treasury cash holdings 1,280 - 11 Treasury deposits with F. R. Banks U55 -167 + 317 Foreign deposits with F. R. Banks 699 +128 + 16I4 Other deposits with F. R. Banks 36h + 21 + 180 Other F. R. account s(net) 776 + 32 Member bank reserves 20,660 ~2k2 + 172 Required reserves (estimated) 20,263 - hh + 673 Excess reserves (estimated) 397 -198 - 501 Daily average excess reserves (estimated) 813 + 88 - 39 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H 4.1(a) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS COMBINED (In thdusands of dollars) Change since Jan. 14, Jan. 7, Jan. 16, 1953 1953 1952 , A S S E TS Gold certificates 21,150,102 + 24,999 + 265,151 Redemption fund for F. R. notes 781,888 - 28,715 + 62,467 Total gold certificate reserves 21,931,990 - 3,716 + 327,618 Other cash 411,133 + 52,063 + 3,885 Discounts and advances 1,076,254 - 259,625 + 941,642 Industrial loans 3,654 - 200 - 617 U. S. Government securities: Bills 874,850 171,700 + 751,050 Certificates 5,034,416 - 14,100 - 7,548,982 Notes 13,773,671 --- + 8,705,598 Bonds 4,521,975 822,152 - Total U. S. Government securities 24,204,912 185,800 + 1,085,514 - Total loans and securities 25,284,820 - 445,625 + 2,026,539 Due from foreign banks 23 — — — - 5 F. R notes of other banks 252,524 - 2,924 + 19,344 Uncollected cash items 4,260,855 + 474,096 - 14,092 Bank premises 48,444 + 107 + 4,489 Other assets 178,833 + 8,754 + 27,601 TOTAL ASSETS 52,368,622 + 82,755 + 2,395,379 L I A B I L I T I ES Federal Reserve notes 25,808,549 223,554 + 1,279,725 - Deposits: Member bank--reserve accounts 20,659,544 242,700 + 171,299 U. S, Treasurer--general account 455,008 - 166,531 + 317,350 Foreign 699,207 + 128,575 + 164,491 Other 363,868 + 21,195 + 179,921 Total deposits 22,177,627 259,461 + 833,061 - Deferred availability cash items 3,379,439 + 557,567 + 218,592 Other liabilities and accrued dividends 16,102 + 865 + 3,543 TOTAL LIABILITIES 51,381,717 + 75,417 + 2,334,921 C A P I T AL A C C O U N TS Capital paid in 253,534 + 290 + 14,334 Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 — - * — Other capital accounts 121,152 + 7,048 - 210 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,368,622 + 82,755 + 2,395,379 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 45.7 $ + M 1.4$ - Contingent liability on acceptances purchased for foreign correspondents 20,182 116 + 3,846 Industrial loan commitments 3,394 + 217 3,011 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 14, 1953 (Callable Government securities classified according to nearest cal ldate) Discounts and Industrial U. S. Government advances loans securities Within 15 days 830,323 210 529,000 l6 to 90 days 245,931 1,942 4,072,100 91 days to 1 year 1,158 10,520,141 Over 1 year to 5 years 344 6,655,200 Over 5 years to 10 years 1,070,224 Over 10 years 1,358,247 Total 1,076,254 "W 24,204,912 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF COHDTTIO FOF THE FEDERAL .ttjKbmVti tuyNKti -Q$ JANUARY 14., -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 21,150,102 681,835 6,917,452 1238,387 1488,417 824,994 635,680 4073,384 587,120 354,662 974,158 651,328 2722,685 ReF;°R?1rote"nd f°r 781.888 64.754 104.666 56.974 85.280 75.007 59.207 129.260 51,838 25,525—41,218 29,330 58,828 ^SresLerveSs c eTr t l-f^.. .2.1,9.3 1,9,.9S0 ; 74g6,5 90a 7,0s22,1 18£ 1295,3361 1|57|3, 697A 900S,001 ?69 4,$887 41202,6 44& 638,958g 380 ,18$7 10158,376 «680,6:58| 2781,513 Industrial loans 3,654 -- " 3,265 -- W- W E"~™ 4§1 »:jl -I! 11IIIIII # ll « §s ss is T°Sc^lti; GOVgg52£ 24,204,912 1727,275 5,248,205 1505,423 2334,428 1718,o4 1568,991 3537,569 1303,206 . 750,608 954,363 1160,352 2396,447 s 5 ^%cJ:itie/** 25,284,820 1761,046 5,370,785 1545,398 2455,255 1767,559 1592,485 3977,896 1366,23 4798,967 1008,300 1163,327 2477,568 if 4 ll il # f I 'i # il if il "1 it TOTAL ASSETS 52,368,622 2883,006 13,363,136 3132,988 4475,927 3143,802 2680,002 9039,762 2236,218 1305,424 2269,343 2075,698 5763,316 1/ After deducting $l6,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF.THE FEDERAL RESERVE BANKS ON JANUARY 14 ,1953 H.4.1(c) (in thousands of dollars) L I A B I L I T I ES Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,808,549 1574,895 5,685,148 1831,395 2378,922 1844,763 1408,606 4909,253 1208,811 644,167 1011,118 737,399 2574,072 Deposits: Member bank-reserve accts .20,659^544 882>586 6,197>947 955»626 1576,071 869,348 912;599 3327,973 767,463 491,654 1002,235 1060,019 2616,023 U.S.Treasurer-general acct. 455,008 34>283 66,463 32>533 49,942 50,550 25>075 36,651 36,752 37,459 27,809 24,988 32,503 Foreign 699,207 41,858 l/215>419 51,465 63>130 34,310 29>507 94,009 26,076 17,155 26,076 30,879 69,323 Other 4.609 793 5.186 6,573 861 Total deposits 22,177>627 963>336 6,771,963 1040,417 1694,329 960>781 969,002 3459,494 838,211 547,724 1056,315 1121,463 2754,592 Deferred avail, cash items 3,379,439 282,278 620,372 186,225 310,467 285,381 257,262 533,256 148,733 86,420 162,679 171,239 335,127 Other liabilities and accrued dividends 16,102 696 4.875 786 1.703 846 750 2.799 676 510 517 515 1.429 TOTAL LIABILITIES 51,381>717 2821>205 13,082>358 3058,823 4385>42 13091>771 2635>62 08904>802 2196,431 1278,821 2230>629 2030,616 5665,220 Capital paid in 253,534 13>656 80>181 17>307 24>257 11,051 10,590 32,459 8>833 5>746 9,540 12>345 27,569 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>38l 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 121.152 8.672 25.775 8.791 11.179 8.383 7,227 16.444 6,805 4,653 6,112 6,049 11,062 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,368,622 2883,006 13,363,136 3132,988 4475,927 3143,802 2680,002 9039,762 2236,218 1305,424 2269,343 2075,698 5763,316 Contingent liability on acceptances purchased for foreign correspondents 20>182 1,231 2/5,954 1> 514 1,857 1,009 868 2,765 767 504 767 908 2,038 Industrial loan commitments 3,394 —— —1—'— 1,334 751 70 — 124 762 — 353 FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding 27,158,379 1655,299 5,986,116 1924,966 2484,951 1938,980 1495,8735 087,952 1280,162 662,758 1050,000 795,547 2795,775 Collateral for F.R. notes: Gold certificates 12,574>000 400>000 4,120>000 825>000 820,000 550>000 360,000 2600,000 280>000 170>000 280,000 269,000 1900>000 Eligible paper 464>279 32>490 -114>485 35>135 —— 48 > 100 —— 62>230 47,700 53>139 71,000 U. S. Govt, securities 15;240;000 1300,000 2;000;000 1100.000 1700;000 1450.000 1200.0002 600;000 1025;000 505.000 800.000 560;000 1000,000 Total collateral 28,278,279 1732,490 6,234,485 1960,135 2520,000 2048,100 1560,000 5200,000 1367,23 0722,700 1133,139 829,000 2971,000 1/ After deducting $483>771>000 participations of other Federa lReserve Banks. 2/ After deducting $14,228,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis