H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM (For Immediate Release) January 29, 1953 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended January 28, Member bank reserves decreased $239 million. The principal changes reducing reserves were an increase of $>402 million in Treasury deposits with Federal Reserve Banks' and a decrease of $52 million in Gold stock .The principal offsetting changes were an increase of $105 million in Reserve Bank credit and decreases of $95 million in Money in circulation, $12 million in Other deposit swith Federal Reserve Banks, and $10 million in Foreign deposits with Federal Reserve Banks. The increase of $105 million in Reserve Bank credit resulted from an increase of $445 million in Loans, discounts and advances, and decreases of $277 million in Float and $64 million in U. S. Government securities. Holdings of U. S, Government securities reflected a decrease of $64 million in bills. Change since Member Bank Reserves Jan. 28, J an. 21, Jan. 30, and Related Items 1953 1953... 1952 (In millions of dollars) Reserve Bank credit: U, S. Government securities 23,970 -- 6644 +1,, 118855 Loans, discounts and advances 1,311 +445 +1, 096 Float 728 -277 + 21 Total 26,009 +105 +2, 302 Gold stock 23,036 - 52 + 105 Treasury currency outstanding 4,815 + 1 + 99 Money in circulation 29,592 - 95 +1, 245 Treasury cash holdings 1,298 + 7 — u Treasury deposits with F,R. Banks 745 +402 + 524 Foreign deposits with F. R. Banks 612 - 10 + 155' Other deposits with F. R. Banks 336 - 12 + 64 Other F. R, account s(net) 775 + 1 + 33 Member bank reserves 20,502 -239 + 489 Required reserves (estimated) 20,105 -141 + 6f0 Excess reserves (estimated) 397 - 98 — 161 Daily average excess reserves (estimated) to o -228 165 - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (in thousands of dollars) Change since Jan, 28, Jan, 21, Jan. 30, 1953 1953 1952 A S S E TS Gold certificates 21,080,103 39,999 + 67,849 Redemption fund for F. R. notes 760,267 - 3,735 + 41,036 Total gold certificate reserves 2I7BJ+0,370 43,734 + 108,885 - Other cash 437,246 + 2,406 + 5,868 Discounts and advances 1,307,039 + 445,198 + 1,096,894 Industrial loans 3,574 237 836 - U. S. Government securities: . Bills 678,254 63,696 + 678,254 Certificates 4,995,716 ~ -.. - 7,377,282 Notes 13,773,671 + 8,705,598 — — — Bonds 4,521,975 822,152 — — — - Total U. S. Government securities 23,969,616 63,696 1,184,418 - Total loans and securities 25,280,229 + 381,265 + 2,280,476 Due from foreign banks 23 5 - - - - F. R. notes of other banks 229,330 18,570 + 18,985 - Uncollected cash items 3,825,301 663,130 + 401,218 - Bank premises 48,689 39 + 4,772 - Other assets 197,571 + 9,953 + 30,291 TOTAL ASSETS 51,858,759 - 331,849 4- 2,850,490 L I A B I L I T I ES Federal Reserve notes 25,545,932 97,402 + 1,171,006 - Deposits: Member bank--reserve accounts 20,501,601 239,345 +' 488,683 U. S. Treasurer--general account 744,949 + 402,441 + 524,069 Foreign 612,200 - 9,488 + 155,205 Other 336,357 11,666 + 64,6ll - Total deposits 22,195,107 + 141,942 + 1,232,555 Deferred availability cash items 3,096,947 - 386,318 + 379,789 Other liabilities and accrued dividends 18,821 + 2,594 4* 5,288 TOTAL LIABILITIES 50,856,807 339,184 + 2,788,651 - C A P I T AL A C C O U N TS Capital paid in 254,586 + 409 + 14,820 Surplus (Section 7) 584,676 + 46,334 Surplus (Section ljb) 27,543 * — «• Other capital accounts 135,147 + 6,926 + 685 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,858,759 - 331,849 + 2,850,490 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 45.7# .2% 2.2$ - - Contingent liability on acceptances purchased for foreign correspondents 21,668 4- 1,458 + 8,842 Industrial loan commitments 3,386 + 177 3,203 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 28, 1933 (Callable Government securities classified according to nearest cal ldate) Discounts and Industrial U. S, Government advances loans securities Within 15 days 1,047,019 132 175,750 16 to 90 days ,260,020 1,895 4,190,054 91 days to 1 year 1,211 10,520,141 Over 1 year to 5 years 6,655,200 Over 5 years to 10 years 1,070,224 Over 10 years 1,358,247 Total ^307,039 3,574 23,969,616 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

S'Xt JxL^ V OF CbS3ll'ION 'OF' THE' FEDER ARLESERVE BANES ON JANUARY 28 ,1953 H.4.1(D) (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 21,080,103 647,535 7,008,815 1250,687 1508,903 787,215 658,574 4113,459 546,658 340,555 956,623 631,702 2629,377 Redemption^nc! for 760,267 64,400 78,535 56,284 84,839 82,449 58,890 128,812 51,702 25,459 4l,I06 29,225 58,566 Total gold certificate 21,840,370 711,935 7,087,350 1306,971 1593,74 2869,664 717,464 4242,271 598,360 366,014 997,729 660,927 2687,943 reserves Discounts^and advances 1,3^039 ^W 1^248 ( $£ 3^03 5 3^ i?!975 ll^Sl Industrial loans _ _ 3,574 - -- 3,2(3 - 58 110 - - 133 U- f- fvt* securities: __ 177,524 42,485 65,881 48,486 31,810 123,344 14,992 21,183 26,933 32,747 92,869 gg --is 11 -g i11 sa si si si si m e™ T°se^itiasG°Ver'"ne''< :23,969,616 1737,428 5,107,520 1501,433 2328,241 1713,492 1552,363 3515,852 1277,966 748,619 951,833 1157,277 2377,592 T°le'cJitiesa°d 25,280,229 1763,709 53275,310 1537,946 2455,489 1777,875 1587,376 3971,099 1380,864 801,977 1056,519 1175,252 2496,813 EBSSStisi 88$ M -AS <f« >» ,K:i g.$:$ iHlt othLTssits8 1%:#! 4I!ct8 ilioS 19:2k i w# 28:734 ^028 8:191 10,089 19:456 TOTAL ASSETS 51,858,759 2807,115 13,201,657 3130,486 4456,622 3078,148 2668,195 8992,785 2185,382 1284,892 2276,503 2064,731 5712,243 : 1/ After deducting $16,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON JANUARY 28 ,1953 H„4.l(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 25,545,932 1561,849 5,612,747 1818,982 2362,606 1815,827 1392,341 4875,358 1196,562 641,706 1003,287 727,396 2537,271 Deposits: Member bank-reserve accts. 20,501,601 823,361 6,226,025 953,176 1566,006 867,342 909,859 3350,161 748,690 477,628 991,757 1036,472 2551,124 U.S.Treasurer-general acct, 744,949 69,402 104,368 42,623 94,202 49,015 38,974 64,931 37,996 35,749 66,934 57,861 82,894 Foreign 612,200 37,161 11//118822,,669977 45,690 56,05466,0 4360 ,46300,460 262,61,91696 838,34,64060 232,31,5105 01 5,230 23,15203 ,1257,04 1427,414 616,15,4564 6 Other 236,252. 6.094 275.783 1.570 4,762 3,314 779 859 7.415 1.268 196 563 33.754 Total deposits 22,195,107 936,018 6,788,873 1043,059 1721,01 6950,131 975,808 3499,411 817,251 529,875 1082,037 1122,310 2729,318 Deferred avail, cash items 3,096,947 245,733 509,661 192,604 279,193 258,180 253,890 477,676 130,277 85,566 151,253 168,484 344,430 Other liabilities and accrued dividends 18.821 717 6,502 785 1.841 898 831 2.813 J21 662 564 740 1.764 TOTAL LIABILITIES 50,856,807 2744,317 12,917,784 3055,430 4364,656 3025,036 2622,870 8855,258 2144,793 1257,809 2237,141 2018,930 5612,783 Capital paid in 254,586 13,672 80,395 17,330 24,322 11,111 10,628 32,756 8,863 5,761 9,630 12,418 27,700 Surplus (Section 7) 584,676 36,462 167,503 43,573 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 135.147 9.653 28.656 9.659 12.574 9.404 8.132 18.714 7.577 5.118 6.670 6.695 12.295 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,858,759 2807,115 13,201,657 3130,48 64456,622 3078,148 2668,195 8992,785 2185,38 21284,892 2276,503 2064,731 5712,243 Contingent liability on acceptances purchased for foreign correspondents 21,668 1,322 2/6,392 1,625 1,993 1,083 932 2,969 823 542 823 975 2,189 Industrial loan commitments 3,386 1,325 751 70 124 763 353 FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding 26,902,262 1642,868 5,901,939 1915,313 2466,537 1919,248 1474,552 5045,218 1270,231 660,164 1040,618 787,443 2778,131 Collateral for F.R. notes: Gold certificates 12,979,000 400,000 4,620,000 825,000 82802,00,0000 500 0,000 335,000 2600,000 280,000 170,000 280,000 249,000 1900,000 Eligible paper 635,073 25,000 151,845 31,665 —'— 62,775 102,100 52,700 103,888 105,100 U. S. Govt, securities 14.640.000 1300.000 1.500.000 1100.000 1700.000 1450.000 1200.0 020500.000 1025.000 505.000 800*000 560.000 1000.000 727,700 1183,888 809,000 3005,100 Total collateral 28,254,073 1725,000 6,271,845 1956,665 2520,000 2012,775 1535,000 5100,000 1407,100 1/ After deducting $429,486,000 participations of other Federa lReserve Banks. 2/ After deducting $15,276,000 participations of other Federa lReserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis