H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H,4.1 (For Immediate Release) March $, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 4, Member bank reserves increased #115 million. The principal change supplying reserves was an increase of $336 million in Reserve Bank credit. The principal offsetting changes were increases of #99 million in Treasury deposits with Federal Reserve Banks, #58 million in Foreign deposits with Federal Reserve Banks, #37 million in Money in circulation, and #30 million in Other deposits with Federal Reserve Banks. The increase of #336 million in Reserve Bank credit resulted from increases of #317 million in Float and #18 million in Loans, discounts and advances. Chanse since Member Bank Reserves March 4, Feb. 25, March 5 and Related Items 1953 1953 1952 (in millions of dollars) Reserve Bank credit; U. S. Government securities 23,853 —— +1,339 Loans, discounts and advances 828 + 18 + 440 Float 1,061 +317 + 80 Total 25,742 +336 +1,859 Gold stock 22,662 — 628 Treasury currency outstanding 4,824 + 3 + 98 Money in circulation 29,772 + 37 +1,308 Treasury cash holdings 1,295 + 4 1 Treasury deposits with F, R, Banks 488 + 99 - 182 Foreign deposits with F. R. Banks 512 + 58 — 88 Other deposits with F. R. Banks 241 + 30 - 54 Other F. R, accounts (net) 830 - 4 + 43 Member bank reserves 20,090 +115 + 303 Required reserves (estimated) 19,889 + 80 + 723 Excess reserves (estimated) 201 + 35 - 420 Daily average excess reserves (estimated) 513 - 46 - 176 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Mar. 4, Feb. 25, Mar. 5, 1953 1953 1952 A S S E TS Gold certificates 20,724,100 3 662,152 Redemption fund for F. R. notes 752,358 - 3,714 + 46,276 Total gold certificate reserves 21,476,458 3,717 615,876 - Other cash 399,976 16,678 + 4,379 - Discounts and advances 823,682 + 17,839 + 439,868 Industrial loans 4,108 + 319 476 - U. S. Government securities: Bills 560,954 + 560,954 Certificates 4,995,716 --- - 6,814,090 Notes 13,773,671 + 8,705,598 - * * Bonds 4,521,975 - 1,113,848 Total U. S. Government securities 23,852,316 — + 1,338,614 Total loans and securities 24,680,106 + 18,158 + 1,778,006 Due from foreign banks 23 - 5 F. R. notes of other banks 178,136 - 13,612 + 1,350 Uncollected cash items 3,998,374 + 81,630 + 392,947 Bank premises 49,179 - 28 + 5,018 Other assets 176,534 + 10,175 + 20,244 TOTAL ASSETS 50,958,786 + 75,928 + 1,586,063 L I A B I L I T I ES Federal Reserve notes 25,635,977 + 4,942 + 1,227,482 Deposits: Member bank--reserve accounts 20,089,551 + 114,272 + 302,086 U. S. Treasurer--general account 488,272 + 99,729 - 181,733 Foreign 511,732 + 57,576 88,379 *• Other 240,657 + 29,750 54,737 - Total deposits 21,330,212 + 301,327 - 22,763 Deferred availability cash items 2,936,976 - 236,136 + 312,696 Other liabilities and accrued dividends 16,029 ** 1,416 + 1,498 TOTAL LIABILITIES 49,919,194 + 68,717 + 1,518,913 C A P I T AL A C C O U N TS Capital paid in 256,650 + 251 + 14,966 Surplus (Section 7) 584,676 — — — + 46,334 Surplus (Section 13b) 27,543 — — — — — — Other capital accounts 170,723 + 6,960 + 5,850 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,958,786 + 751958 + 1,586,063 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.7# - .3* - 2.6# Contingent liability on acceptances purchased for foreign correspondents 27,538 + 135 + 17,830 Industrial loan commitments 2,403 676 4,601 * MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 4, 1953 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 599,703 740 46,200 16 to 90 days 223,971 685 1,652,520 91 days to 1 year 8 2,350 13,069,925 Over 1 year to 5 years 333 6,655,200 Over 5 years to 10 years 1,070,224 Over 10 years 1,358,247 Total 823,682 4,108 23,852,316 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 4, 1953 H.4.l(b) (in thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich.R iActhl.a ntAatlanta CChhiiccaaggoo SStt..LLoouuiiss MplMsp.ls. KKaannss..CCyy.. Dallas SanFran. Gold certificates 20/724,100 676,432 6,824,743 1196,086 1453# 33° 805,291 660,489 4231,269 515,064 323,816 916,972 Redemption fund for . F. R. notes 752,358 63,968 76,942 55,518 84,310 78,790 58,482 128,240 51,516 25,372 40,953 Total gold certificate . , reserves 21,476,458 740,400 6,901,685 1251,604 1537,646 884,081 718,971 4359,509 566,580 349,188 957,925 Other cash 399,976 28,683 76,284 29,570 34,197 25,519 33,911 71,591 20,594 7,005 12,863 Discounts and advances 823,682 l8,807 56,070 41,390 71,829 25,350 25,156 307,899 92,236 44,100 52,503 Industrial loans 4,108 -- -- 3,539 38 401 130 U. S. Govt, securities: Bills 560,954 -- 158,438 35,138 54,487 40,100 12,795 95,660 28,477 17,520 22,276 Certificates 4,995,716 363,783 1,075,787 312,927 485,249 357,123 326,140 722,908 270,893 156,027 198,379 Notes 13,773,671 1002,999 2,966,022 862,769 1337,878 984,625 899,200 1993,133 746,877 430,179 546,953 Bonds 4,521,975 329,290 973,762 283,252 439,233 323,258 295,213 654,357 245,204 141,230 179,568 "0secu^itiesG0VerQment 23,852,316 1696,072 5,174,009 1494,086 2316,847 1705,106 1533,348 3466,058 1291,451 744,956 947,176 1151,613 2331,594 ^°securities~~ 24,680,106 1714,879 5,230,079 1539,015 2388,676 1730,494 1558,905 3773,957 1383,687 789,186 999,679 1172,633 2398,916 toconecLdf<:a^ei^kS3,998;374 309^373 76VT30 2&',T85 278^7? 7 ^ 25 1^726 95 ^68 20M16 m',fi 392^9 « £& as £8 AS as i ff a ts AS TOTAL ASSETS 50,958,786 2814,424 13,039,791 3113,654 4337,427 2980,016 2608,897 8959,985 2170,698 1252,997 2191,754 2037,016 5452,127 l/ 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 MARCH 4,1953 (in thousands of dollars) H,4.1(c) 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 25,635,977 1570,777 5,630,499 1824,036 2365,779 1806,080 1392,240 4886,415 1197,879 644,510 1011,205 735,514 2571,043 Deposits: Member bank-reserve accts. 20,039,551 864,486 6,127,668 947,777 1523,767 855,026 925,299 3329,997 743,038 466,890 933,751 1025,710 2346,142 U.S.Treasurer-general acct. 488,272 18,245 112,343 31,905 39,299 29,609 23,947 68,175 37,795 21,775 36,383 31,299 37,497 Foreign 511,732 31,049 1/152,870 38,175 46,828 25,450 21,887 69,733 19,342 12,725 19,342 22,905 51,426 -L- * f »-/V 1 • T ^ f - 907 895 35.685 Other • . Total deposits 21,330,212 917,707 6,570,238 1019,433 1614,190 915,357 971,652 3468,743 808,009 502,941 990,383 1080,809 2470,750 Deferred avail, cash items 2,936,976 259,866 542,181 191,895 259,841 202,217 196,491 458,901 121,661 76,858 148,948 172,401 305,716 Other liabilities and accrued dividends 16.029 827 4.394 938 1.898 817 689 2.839 669 522 535 630 1.271 TOTAL LIABILITIES 49,919,194 2749,177 12,747,312 3036,302 4241,708 2924,471 2561,072 8816,898 2128,218 1224,831 2151,071 1989,354 5348,780 Capital paid in 256,650 13,727 81,239 17,442 24,540 11,144 10,861 32,853 8,902 5,779 9,690 12,601 27,872 | 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 j 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 170.723 12.047 36.418 11.843 16.109 11.804 10.399 24.177 9.429 6.183 7.931 8.373 16.010 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,958,786 2814,424 13,039,791 3113,654 4337,427 2980,016 2608,897 8959,985 2170,698 1252,997 2191,754 2037,016 5452,127 Contingent liability on acceptances purchased for foreign correspondents 27,538 1,680 2/8,122 2,066 2,534 1,377 1,184 3,773 1,046 689 1,046 1,239 2,782 Industrial loan commitments 2,403 724 751 66 — 112 — ——— 750 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,709,971 1638,150 5,871,385 1905,120 2451,872 1902,432 1465,208 5002,462 1252,607 656,578 1038,148 773,671 2752,338 Collateral for F.R. notes: 12,744,000 400,000 4,520,000 825,000 820,000 500,000 335,000 2700,000 280,000 170,000 280,000 214,000 1700,000 Gold certificates Eligible paper 375,477 17,465 44,105 39,740 23,450 — 91,400 43,550 51,667 64,100 U, S. Govt, securities 14.660.000 1300.000 1.500.000 1100.000 1700.000 1450.000 1200.00 02400.000 1025.000 505.000 800.000 580,000 1100,000 Total collateral 27,779,477 1717,465 6,064,105 1964,740 2520,000 1973,450 1535,000 5100,000 1396,400 718,550 1131,667 794,000 2864,100 1/ After deducting $358,845,000 participations of other Federal Reserve Banks. 2/ After deducting $19,416,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis