H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) February 19, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended February 18, Member bank reserves decreased $58 million. The principal changes reducing reserves were decreases of $264 million in Reserve Bank credit and $110 million in Gold stock, and an increase of $65 million in Other F. R. accounts (net)* The principal offsetting changes were decreases of $122 million in Money in circulation, $100 million in Foreign deposits with Federal Reserve Banks, $96 million in Other deposits with Federal Reserve Banks, $36 million in Treasury deposits with Federal Reserve Banks, and $24 million in Treasury cash holdings. The decrease of $264 million in Reserve Bank credit resulted from decreases of $597 million in Loans, discounts and advances and $39 million in U» S. Government securities, and an increase of $373 million in Float. Holdings of U. S. Government securities reflected a decrease of $39 million in bills. Change since Member Bank Reserves Feb, 18, Feb. 11, Feb. 20, and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities 23,890 - 39 +1,490 Loans, discounts and advances 736 -597 + 277 Float 1,023 +373 6 Total 25,648 -264 +1,761 Gold stock 22,722 -110 - 349 Treasury currency outstanding 4; 621 + 1 + 100 Money in circulation 29,654 -122 +1,267 Treasury cash holdings 1,288 - 24 - 20 Treasury deposits with F. R. Banks 395 - 36 96 Foreign deposits with F. R. Banks 458 -100 - 18 Other deposits with F. R. Banks 244 - 96 - 29 Other F. R. accounts (net) 835 + 65 + 97 Member bank reserves 20,318 - 58 + 311 Required reserves (estimated) 19,981 + 50 + 688 Excess reserves (estimated) 337 -108 - 377 Daily average excess reserves (estimated) 693 + 81 mm mm 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. 18, Feb. 11, Feb. 20, 1953 1953 1952 A S S E TS Gold certificates 20,785,102 94,999 - 361,152 Redemption fund for F. R. notes 755,230 3,048 + 48,875 Total gold certificate reserves 21,540,332 98,047 312,277 - Other cash 425,414 + 23,352 + 867 Discounts and advances 731,887 - 597,589 + 277,600 Industrial loans 3,712 55 - 754 U. S. Government securities; Bills 598,254 39,000 + 598,254 Certificates 4,995,716 - 6,864,731 Notes 13,773,671 + 8,705,598 Bonds - 949,202 Total U. S. Government securities 23:889:616 39,000 "l»489[919 Total loans and securities 24,625,215 636,644 + 1,766,765 Due from foreign banks 23 5 F. R. notes of other banks 198,339 + 5,941 + 21,454 Uncollected cash items 4,468,550 + 849,907 + 466,888 Bank premises 48,875 + 8 + 4,705 Other assets 157.022 57,439 34,653 TOTAL ASSETS 51,463,770 ngfTofB + 1,913,744 L I A B I L I T I ES Federal Reserve notes 25,563,239 - 105,386 + 1,206,609 Deposits: Member bank--reserve accounts 20,317,651 58,320 310,507 U. S, Treasurer—general account 394,631 36,711 96,447 Foreign 457,688 100,423 18,012 Other 244,152 96,144 28,470 Total deposits 21,414^122 291,595 + 167,578 Deferred availability cash items 3,445,364 + 476,339 + 472,359 Other liabilities and accrued dividends _ l & 4 51 239 + 2,187 TOTAL LIABILITIES 50,439,176 + 79,594 + 1,848,733 C A P I T AL A C C O U N TS Capital paid in 255,885 217 + 15,042 Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 Other capital accounts 156,490 7.867 + 3,63 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,463,770 87,078 + 1,913,74 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.9$ .2# 2.0% Contingent liability on acceptances purchased for foreign correspondents 25,942 + 1,289 + 14,840 Industrial loan commitments 3,192 + 59 - 4,115 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 18, 1953 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loaaa securities Within 15 days 505,783 1,160 45,800 16 to 90 days 226,096 964 552,454 91 days to 1 year 8 1,227 14,207,691 Over 1 year to 5 years 36l 6,655,200 Over 5 years to 10 years 1,070,224 Over 10 years 1,358,247 Digitized for FRTAoStEaRl 731,887 3,712 23,889,616 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL REbtKVE BANKS ON FEBRUARY 18, 1"953 H.4.l(fc) (in thousands of dollars) A S S E TS Total Boston New York Phila. Cleve, Rich. Atlanta Chicago St.Louis Mpls. Kana.Cy Dallas SanFran. Gold certificates 20,785,102 645,378 6,754,203 1227,751 1456,562 775,040 628,339 4256,400 567,628 331,525 974,246 552,060 2615,970 Redemptionfund for 64,134 77,64? 55,810 84,523 80,425 58,653 128,488 51,599 25,409 41,024 29,148 58,370 T55>230 ^reserves 21,540,332 709,512 6,831,850 1283,561 1541,085 855,465 686,992 4384,888 619,227 356,934 1015,270 581,208 2674,340 Other cash 425,4l4 30,158 86,975 31,702 33,479 26,215 35,097 72,658 21,714 8,034 14,299 15,425 49,658 Discounts and advances 731>7 17A6l 74,885 19,865 80,597 36,530 34,113 273,607 48,748 46,075 51,410 37,125 11,771 Industrial loans 3,712 — — 3,187 — 53 34l — — 131 U*Biils°Vt* seCUritie8' 598,254 - 172,039 37,349 57,916 42,624 15,015 102,139 26,305 18,622 23,677 28,788 73,780 certificates 4,995,716 369,761 1,069,809 312,927 485,249 357,123 326,140 722,908 270,893 156,027 198,379 241,198 485,302 Notes 13^773!671 1019 444 2,949,577 862,769 1337,878 984,625 899,200 1993,133 746,877 430,179 546,953 665,007 1338,029 Bonds 4.521.975 31,4.689 968.363 283.252 439.233 323.258 295.213 654,357 245,204 141,230 179,568 218,325 439,283 T0^curitiesG°VerQment 23,889,616 1723,894 5,159,788 1496,297 2320,276 1707,630 1535,568 3472,537 1289,279 746,058 948,577 1153,318 2336,394 TQ'secu£ltiesa~ 24,625,215 1741,055 5,234,673 1519,349 2400,873 1744,213 1570,022 3746,144 1338,027 792,264 999,987 1190,443 2348,165 41 mZ 0?SrPaasets8 iffio11 U.368 32^1 1:639 15:289 ll.Hl 10,929 22,556 8 ^2 4^74 6^05 8,106 15', 376 TOTAL ASSETS 51,463,770 2851,786 13,092,401 3143,219 4377,189 3051,931 2657,563 8989,975 2170,911 1272,726 2264,703 2033,147 5558,219 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 FEBRUARY 18, 1953 H,4,1(c) (In thousands of dollars) Total Boston New York Phila. Cleve. Rich* Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran, L I A B I LI T I ES Federal Reserve notes 25,563,239 1566,988 5,605,193 1823,641 2366,220 1803,069 1387,016 4885,485 1194,866 643,188 1003,826 729,305 2554,442 Deposits: Member bank-reserve accts. 20,317,651 854,967 6,180,131 962,213 1549,096 850,429 915,904 3289,527 749,037 471,351 991,087 1034,503 2469,406 U.S.Treasurer-general acct. 394,631 32,820 57,520 32,024 33,885 29,329 27,194 63,625 18,590 28,169 33,469 27,677 10,329 Foreign 457,688 27,786 1/136,540 34,163 41,906 22,775 19,587 62,404 17,309 11,388 17,309 20,498 46,023 Other 244.152 3.668 182,074 1.741 4,399 4,193 1,346 1,215 6,631 1»-463 1,984 1,055 34,383 Total deposits 21,414,122 919,241 6,556,265 1030,141 1629,286 906,726 964,031 3416,771 791,567 512,371 1043,849 1083,733 2560,141 Deferred avail, cash items 3,445,364 300,489 637,511 212,115 285,729 286,738 258,905 543,913 142,006 88,891 176,339 172,419 340,309 Other liabilities and accrued dividends 16,4?1 742 4,516 947 1,699 844 730 2,911 668 526 _S3§_ 781 1,549 TOTAL LIABILITIES 50,439,176 2787,460 12,803,485 3066,844 4282,934 2997,377 2610,682 8849,080 2129,107 1244,976 2224,552 1986,238 5456,441 Capital paid in 255,885 13,705 80,738 17,392 24,511 11,129 10,838 32,826 8,901 5,773 9.671 12,538 27,863 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,l4o Other capital accounts - -• 10,828 9,478 22,012 7,418 7,683 14,450 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,463,770 2851,786 13,092,401 3143,219 4377,189 3051,931 2657,563 8989,975 2170,911 1272,726 2264,703 2033,147 5558,219 Contingent liability on acceptances purchased for foreign correspondents 25,942 1,584 2/7,637 1,947 2,389 1,298 1,117 3,557 987 649 987 1,168 2,622 Industrial loan commitments 3,192 l,l6l 751 66 112 756 346 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R, notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral £ & CO 1636,605 5,873,056 1908,579 2455,722 1901,948 1464,100 5010,603 1252,691 657,379 1035,286 776,218 2749,981 12,764,000 400,000 4,520,000 825,000 820,000 500,000 335,000 2600,000 280,000 170,000 280,000 234,000 1800,000 287,702 15,880 67,690 18,290 -- 35,080 47,950 45,550 50,612 6,650 14,640,000 1300,000 1,500,000 1100,000 1700,000 1450,000 1200,000 2500,000 1025,000 505,000 800,000 560,000 1000,000 1/ After deducting $321,127,000 participations of other Federal Reserve Banks, 2/ After deducting $18,305,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis