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 22, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended January 21, Member bank reserves increased $81 million. The principal changes supplying reserves were decreases of $197 million in Money in circulation, $112 million in Treasury deposits with Federal Reserve Banks, $77 million in Foreign deposits with Federal Reserve Banks, and $16 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $262 million in Reserve Bank credit and $49 million in Gold stock and an increase of $11 million in Treasury cash holdings. The decrease of $262 million in Reserve Bank credit resulted from decreases of $171 million in U« S. Government securities, $214 million in Loans, discounts and advances, and an increase of $124 million in Float. Holdings of U. S. Government securities reflected decreases of $133 million in bills and $38 million in certificates. Change since Member Bank Reserves Jan. 21, Jan. 14, Jan. 23, and Related Items 1953 1953 1952 9 (in millions of dollars) Reserve Bank credit: U. S. Government securities 24,034 -171 +1,041 Loans, discounts and advances 866 -214 + 749 Float 1,005 +124 1 Total 25,904 -262 +1,788 Gold stock 23,088 - 49 + 216 Treasury currency outstanding 4,814 + 103 Money in circulation 29,687 -197 +1,345 Treasury cash holdings 1,291 + 11 + 11 Treasury deposits with F. R. Banks 343 -112 + 332 Foreign deposits with F. R. Banks 622 - 77 + 127 Other deposits with F. R, Banks 348 - 16 + 180 Other F. R, accounts (net) 774 - 2 + 31 Member bank reserves 20,741 + 81 + 81 Required reserves (estimated) 20,246 - 17 + 673 Excess reserves (estimated) 495 + 98 - 592 Daily average excess reserves (estimated) 808 - 5 - 354 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Jan. 21, Jan. 14, Jan. 23, 1953 1953 1952 A S S E TS Gold certificates 21,120,102 - 30,000 + 162,849 Redemption fund for F. R. notes 764,002 - 17,886 + 44,745 Total gold certificate reserves 21,884,104 - 47^886 + 207,594 Other cash 434,840 + 23,707 + 7,102 Discounts and advances 861,841 - 214,413 + 749,404 Industrial loans 3,811 + 157 580 U. S. Government securities: Bills 741,950 - 132,900 689,550 Certificates 4,995,716 - 38,700 - 7,533,182 Notes 13,773,671 + 8,705,598 - 822,152 Bonds 4,521,975 „ Total U. S. Government securities 24,033,312 2_ 171,600 + 1.039,014 Total loans and securities 24,898,964 385,856 + 1,788,638 Due from foreign banks 23 F. R. notes of other hanks 247,900 4,624 + 29,716 Uncollected cash items 4,488,431 + 227,576 + 615,299 Bank premises 48,728 + 284 + 4,744 Other assets 187,618 + 8,785 + 27,847 TOTAL ASSETS 52,190,608 178,014 + 2,680,935 L I A B I L I T I ES Federal Reserve notes ~ 25,643,334 165,215 + 1,281,257 Deposits: Member bank—reserve accounts 20,740,946 81,402 + 81,156 U. S. Treasurer--general account 342,508 112,500 + 331,507 Foreign 621,688 77,519 + 127,095 Other 348,023 15,845 + 180,042 Total deposits 22,053,165 124,462 + 719,800 Deferred availability cash items 3,483,265 + 103,826 + 615,956 Other liabilities and accrued dividends 16,227 + 125 + 2,766 TOTAL LIABILITIES 51,195,991 185,726 + 2,619,779 C A P I T AL A C C O U N TS Capital paid in 254,177 643 + 14,682 Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 Other capital accounts 128,221 7,069 + 140 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,190,608 178,014 + 2,680,935 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.9# + .2 1.556 Contingent liability on acceptances purchased for foreign correspondents 20,210 + 28 5,923 Industrial loan commitments 3,209 - 185 3,252 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 21, 1953 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 616,770 193 280,950 16 to 90 days 245,071 1,925 4,148,550 91 days to 1 year 1,347 10,520,141 Over 1 year to 5 years 346 6,655,200 1,070,224 Over 5 years to 10 years 1,358,247 Over 10 years Total 061,041 3,811 257033,312 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 21, 1953 (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 21,120,102 695,152 7,015,479 1212,380 1508,131 804,572 608,785 4107,477 564/788 ,332,509 982,188 590,580 2698,061 Redemption fund for F. R. notes 764,002 64,572 79,226 56,614 85,058 83,995 59,06l 129,046 51,775 25,490 4l,l63 29,279 58,723 ~°Reserves certlflCate 21,884,104 759,724 7,094,705 1268,994 1593,189 888,567 667,846 42)6,523 616,563 357,999 1023,351 619,859 2756,784 Other cash 434,840 30,728 90,096 28,113 31,525 31,954 35,198 72,642 25,276 7,792 15,301 15,696 50,519 Discounts and advances 86l,84l 19,451 129,950 41,370 54,652 49,375 25,863 378,24? 33,073 53,725 45,389 8,975 21,771 Industrial loans 3,8ll — — 3,448 -- 59 171 — " 133 U. S. Govt, securities: , , ^ ^ Bills 741,950 - 156,724 46,475 72,068 53,039 48,438 134,927 40,232 23,172 29,463 35,822 101,590 Certificates 4,995,716 368,313 1,057,412 312,927 485,249 357,123 326,140 729,831 270,893 156,027 198,379 241,198 492,224 Notes 13,773,671 1015,464 2,915,431 862,769 1337,878 984,625 899,200 2012,196 746,877 430,179 546,953 665,007 1357,092 Bonds 4,521,975 333,383 957,153 283,252 439,233 323,258 295,213 660,615 245,204 141,230 179,568 218,325 445,541 Total U. S. Government _ , . . securities 24,033,312 1717,160 5,086,720 1505,423 2334,428 1718,045 1568,991 3537,569 1303,206 750,608 954,363 H60,352 2396,447 ^securities ~~~ 24,898,964 1736,611 5,216,670 1550,241 2389,080 1767,479 1595,025 3915,816 1336,279 804,466 999,752 1169,327 24l8,2l8 Due from foreign banks 23 1 l/ 7 2 2 11 3 1 1 * 1 ^ F.R.notes of other banks 247,900 4,577 28,977 9,708 10,526 57,123 41,538 23,973 11,780 8,179 8,970 13,347 29,202 Uncollected cash items 4,488,431 358,981 840,501 264,153 391,190 398,764 341,259 692,255 215,219 99,250 214,092 247,675 425,092 Bank premises 48,728 4,306 7,299 3,379 4,654 4,872 3,668 6,775 3,025 1,051 2,275 630 6,794 Other assets 187,618 13,508 39,496 11,448 18,136 .13,4X7 12,876 27,211 9,820 5,755 7,749 9,730 18,472 T em ASSETS 52,190,608 2908,436 13,317,751 3136,038 4438,302 3162,177 2697,411 8975,198 2217,963 1284,493 2271,491 2076,265 5705,083 l/ After deducting $l6,000 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 21, 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 25,643,334 1566,935 5,635.444 1823,273 2367,770 1829,425 1400,823 4887,123 1203,837 642,727 1005,553 732,011 2548,413 Deposits: Member bank-reserve accts. 20,740,946 908,294 6,290,996 971,053 1586,943 884,447 919,486 3336,950 756,753 482,985 995,985 1014,043 2593,011 U.S.Treasurer-general acct. 342,508 24,632 26,072 18,824 35,550 21,925 16,714 36,568 20,980 26,013 42,034 33,794 39,402 Foreign 621,688 37,661 3/186^404 46,305 56,801 30,870 26,548 84,584 23,461 15,435 23,461 27,783 62,375 Other 318.023 5.223 282.849 1.187 5.562 3.599 2.825 896 8.462 1.428 269 35A59 Total deposits 22,053,165 975,810 6,786,321 1037,369 1684,856 940,841 965,573 3458,998 809,656 525,861 1061,749 1076,184 2729,947 Deferred avail, cash items 3,483,265 302,601 608,995 199,922 292,763 338,518 285,375 489,901 163,622 88,531 164,668 221,981 326,388 Other liabilities and 666 668 accrued dividends 16.227 693 4.554 860 1.701 813 J2L 2,950 455 1x522 TOTAL LIABILITIES 51,195,991 2846>039 13,035,314 3061,424 4347,090 3109,597 2652,568 8838,972 2177,781 1257,660 2232,438 2030,831 5606,277 Capital paid in 254,177 13,665 80,379 17,325 24,266 11,093 10,597 32,587 8,855 5,752 9,619 12,374 27,665 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 128.221 9.259 27.236 Q.222 11.876 8.890 7.681 17.582 7.178 4.877 6.372 6.372 11.676 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,190,608 2908,436 13,317,751 3136,038 4438,302 3162,177 2697,411 8975,198 2217,963 1284,493 2271,491 2076,265 5705,083 Contingent liability on acceptances purchased for foreign correspondents 20,210 1,233 2/5,962 1,516 1,859 1,011 869 2,769 768 505 768 909 2,041 Industrial loan commitments 3,209 1,149 751 70 124 762 353 FEDERAL RESERVE AGENTS* ACCOUNTS F* R. notes outstanding 27,067,913 1649,834 5,967,372 1925,381 2472,604 1927,429 1483,797 5075,269 1274,181 662,528 1048,345 792,043 2789,130 Collateral for F.R. notes: 4,620,000 825,000 82802,00,00000 550000,,000000 333355,,000000 22660000,,000000 280,000 170,000 280,000 249,000 1900,000 Gold certificates 12,979,000 400,000 11,150 Eligible paper 365,961 18,170 120,155 39,795 — 46,625 — — 32,275 53,200 44,591 U» S. Govt, securities 14.740.000 1300.000 1.500.000 1100.000 1700.000 1450.000 1200.000 2600.000 1025.000 SOS.000 800.000 S60.000 1000.000 809,000 2911,150 Total collateral 28,084,961 1718,170 6,240,155 1964,795 2520,000 1996,625 1535,000 5200,000 1337,275 728,200 1124,591 1/ After deducting $435,267,000 participations of other Federal Reserve Banks, 2/ After deducting $14,248,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis