H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H*4*l (For Immediate Release) February 5, 1953, CONDITION OF THE FEDERAL RESERVE BMKS Member Bank Reserves and Related Items During the week ended February 4> Member bank reserves increased $82 million. The principal changes supplying reserves were an increase of $139 million in Reserve Bank credit and decreases of $73 million in Treasury deposits with Federal Reserve Banks, $50 million in Foreign deposits with Federal Reserve Banks, and $10 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were increases of $65 million in Money in circulation and $33 million in Treasury cash holdings, and a decrease of $101 million in Gold stock. incr®as® of $139 million in Reserve Bank credit resulted from increases of $77 million in Loans, discounts and advances, $43 million in Float, and $19 million in U. S. Government securities. Holdings of U. S. Government securities reflected an increase of $19 million in bills. NOTE} As Thursday, February 12, will be observed as a holiday in many Federal Reserve Bank and branch cities, the statement as of Wednesday of next week will be issued on Friday, February 13, Change since Member Bank Reserves Feb. 1+, Jan. 2d, Feb. 6, and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit* U, S. Government securities 23,989 + 19 +1,375 Loans, discounts and advances 1,388 + 77 +1,101 Float 771 + 43 + 17 Total 26,11+8 +139 +2,492 Gold stock 22,935 -101 - 55 Treasury currency outstanding 4,820 + 5 + 103 Money in circulation 29,657 65 +1,279 Treasury cash holdings 1,331 33 + 14 Treasury deposits with F. R. Banks 672 73 + 620 Foreign deposits with F. R, Banks 562 50 + 100 Other deposits with F. R. Banks 326 10 + 60 Other F. R. accounts (net) 770 5 + 29 Member bank reserves 20,584 82 + 436 Required reserves (estimated) 20,046 - 59 + 631 Excess reserves (estimated) 538 +141 - 195 Daily average excess reserves (estimated) 470 -110 - 18 9 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 Feb. 4, Jan. 28, Feb. 6, 1953 , ,1953 1992 A S S E TS 20,980,100 - 100,003 94,152 Gold certificates 5?00,,222288 Redemption fund for F. R, notes 758,330 1,937 Total gold certificate reserves 21,730,430 - 101,940 43,924 Other cash 408,069 - 29,177 - 14,653 Discounts and advances 1,384,665 + 77,626 + 1,101,832 Industrial loans 3,774 + 200 755 U. S. Government securities: Bills 697,354 19,100 + 697,354 Certificates 4,995,716 - 7,206,432 Notes 13,773,671 + 8,705,598 - 822,152 Bonds Total U. S. Government securities 23:988:716 19,100 + 1,374,368 Total loans and securities 25,377,155 + 96,926 + 2,475,445 Due from foreign banks 23 5 F, R. notes of other banks 213,372 - 15,958 + 17,469 Uncollected cash items 3,667,132 - 158,169 + 309,201 48,709 + 20 + 4,807 Bank premises 206,047 +_ 8,476 + 31,299 Other assets TOTAL ASSETS 51,658,937 - 199,822 + 2,779,639 L I A B I L I T I ES Federal Reserve notes 25,593,076 + 47, lM + 1,204,723 Deposits: Member bank—reserve accounts 20,584,194 + 82,593 + 436,454 U. S. Treasurer—general account 672,430 - 72,519 + 620,801 Foreign 561,948 - 50,252 + 99,756 Other 325,730 - 10,627 + 59,978 Total deposits 22,144,302 50,805 + 1,216,909 Deferred availability cash items 2,896,613 200,334 + 292,666 • Other liabilities and accrued dividends 15,751 - 3,070 + 2,475 TOTAL LIABILITIES 50,649,742 207,065 + C A P I T AL A C C O U N TS Capital paid in 254,969 + 383 + 14,875 Surplus (Section 7) 584,676 - -- + 46,334 Surplus (Section 13b) 27,543 - Other capital accounts 142,007 + 6,860 + 1,577 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,650,937 - 199,022 + Ratio of gold certificate reserves to deposit .2$ and F, R. note liabilities combined 45,5# - - 2,6# Contingent liability on acceptances purchased for foreign correspondents 22,263 + 595 + 9,953 Industrial loan commitments 3,291 - 95 - 3,871 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 4, 1953 (Callable Government securities classified according to nearest call date) Discounts and Industrial U, S, Government advances loans securities Within 15 days 1,139,140 252 4,014,700 16 to 90 dg,ys 245,525 1,918 370,204 91 days to 1 year 1,288 10,520,141 6,655,200 Over 1 year to 5 years 316 Over 5 years to 10 years 1,070,224 Over 10 years 1,358,247 Digitized for FRASETRo tal 1,384,665 3,774 23,988,716 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDEBAL RESERVE BANKS ON FEBRUARY 4, 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 20,980,100 682,584 6,786,664 1236,763 1484,748 772,048 641,963 4222,283 564,151 356,915 921,417 625,665 2684,899 Redemption fund for F. R, notes 758,330 64,321 78,188 56,126 84,731 81,567 58,802 128,714 51,667 25,445 41,075 29,198 58,496 Total gold certificate reserves 21,738,430 746,905 6,864,852 1292,889 1569,479 853,615 700,765 4350,997 615,818 382,360 962,492 654,863 2743,395 Other cash 408,069 30,304 82,890 29,244 31,826 27,663 31,457 68,580 21,656 6,719 14,915 14,461 48,354 Discounts and advances 1,384,665 36,842 283,543 31,603 138,664 54,350 43,455 461,785 100,297 26,338 97,209 27,448 83A31 Industrial loans 3,774 3,345 62 235 132 U. S. Govt, securities: Bills 697,354 -276,346 37,349 57,916 42,624 21,183 102,139 14,930 18,622 23,677 28,788 73,780 Certificates 4,995,716 371,569 1,065,132 312,927 485,249 357,123 326,140 724,343 270,893 156,027 198,379 241,198 486,736 Notes 13,773,671 1024,458 2,936,657 862,769 1337,878 984,625 899,200 1997,086 746,877 430,179 546,953 665,007 1341,982 Bonds 4,521,975 336,335 964,121 263,252 439,233 323,258 295,213 655,655 245,204 141,230 179,568 218,325 440,581 Total U. S. Government aecuritiM 23,988,71.6 1732,362 5,242,256 1496,2*7 2320,276 1707,630 1541,736 3479,223 1277,904 746,058 948,577 1153,318 2343,079 T°S^meB^~ 25,377,155 1769,204 5,525,799 1531,245 2458,940 1762,042 1585,426 3941,008 1378,201 772,528 1045,786 1180,766 2426,210 EB525r,,i$i »ss Ai »ti « sd a fi ss 2%%? ^ ^ MR ^ ^ TOTAL ASSETS 51,658,957 2863,561 13,213,659 3113,011 4410,#4 3018,016 2629,165 8992,366 2203,060 1259,635 2238,020 2047,670 5670,250 l/ After deducting $l6,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATELEKT OF CONDITION OF THE FEDERAL RESERVE BANKS OK FEBRUARY 4, 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 25,593,076 1564,423 5,616,197 1820,642 2361,243 1814,208 1399,097 4873,541 1198,913 642,827 1008,457 733,477 2560,051 Depositsj Member bank-reserve accts. 20,584,194 895,601 6,271,650 962,675 1587,751 841,253 906,356 3322,765 755,084 469,404 966,059 1052,050 2553,046 U.S.Treasurer-general acct. 672,430 1.0,925 103,398 25,913 57,684 37,100 34,997 137,247 49,045 32,685 44,670 31,858 73,908 Foreign 561,948 33,983 1/169,175 41,782 51,253 27,855 23,955 76,323 21,170 13,928 21,170 25,070 56,284 Other 325,730 3,635 260,273 2,368 4,690 5,980 1,559 997 8,291 1,419 1,366 650 34,502 Total deposits 22,144,302 977,144 6,804,496 1032,738 1701,378 912,188 967,367 3537,332 833,590 517,436 1033,265 1109,628 2717,740 Deferred avail• cash items 2.896,613 257,872 503,001 183,276 253,405 237,271 216,221 440,013 128,953 71,518 156,320 157,877 290,886 Other liabilities and accrued dividends 15,751 853 4,263 862 1,839 762 688 2,836 654 557 472 545 1,420 TOTAL LIABILITIES 50,649,742 2800,292 12,927,957 3037,518 4317,865 2964,429 2583,373 8853,722 2162,110 1232,338 2198,514 2001,527 5570,097 Capital paid in 254,969 13,673 80,574 17,361 24,319 11,123 10,640 32,776 8,885 5,766 9,642 12,432 27,778 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 142,007 10,123 30,306 10,065 13,270 9,867 8,587 19,811 7,916 5,327 6,802 7,023 12,910 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,658,937 2863,561 13,213,659 3113,011 14410,524 3018,016 2629,165 8992,366 2203,060 1259,635 2238,020 2047,670 5670,250 Contingent liability on acceptances purchased for foreign correspondents 22,263 1,358 2/6,566 1,670 2,048 1,113 958 3,050 846 557 846 1,002 2,249 Industrial loan commitments 3,291 1,246 751 70 122 756 346 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,852,257 1644,101 5,901,737 1915,415 2463,879 1913,289 1474,538 5037,187 1263,229 658,836 1039,211 785,415 2755,420 Collateral for F.R. notesj Gold certificates 12,979,000 400,000 4,620,000 825,000 820,000 500,000 335,000 2600,000 280,000 170,000 280,000 249,000 1900,000 Eligible paper 688,947 34,920 274,250 29,240 51,675 99,100 25,550 96,012 78,200 U. S. Govt, securities 14,640,000 1300,0001,500,000 1100,000 1700,000 1450,000 1200,000 2500,000 1025,000 505,000 800,000 560,000 1000,000 Total collateral 28,307,947 1734,920 6,394,250 1954,240 2520,000 2001,675 1535,000 5100,000 1404,100 700,550 1176,012 509,000 2970,200 l/ After deducting $392,756,000 participations of other Federal Reserve Banks« 2*/ After deducting $ 15,697,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis