H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 12, 1953 nnwniTTON OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 11# Member bank reserves increased $122 million. The principal changes supplying reserves were an increase of |199 million in Reserve Bank credit and a decrease of #157 million in Treasurydeposits with Federal Reserve Banks. The principal offsetting changes were increases of #103 million in Other deposit swith Federal Reserve Banks and $69 million in Foreign deposit swith Federal Reserve Banks, and a decrease of $51 million in Gold stock. The increase of $199 million in Reserv eBank credit resulted from an increase of $491 million in Loans, discounts and advances and a decrease of $291 million in Float. Change since Member Bank Reserves March 11, March 4, March 12, and Related Items 1953 1953 , 1952 (in millions of dollars) Reserve Bank credit: U. S. Government securities 23,853 —— +1,323 Loans, discounts and advances 1,319 +491 + 957 Float 770 -291 - 116 Total 25,941 +199 +2,163 Gold stock 22,611 - 51 - 680 + 98 Treasury currency outstanding 4,824 — Money in circulation 29,780 + 8 +1,328 Treasury cash holdings 1,299 + 4 + 3 Treasury deposits with F. R. Banks 331 -157 - 308 Foreign deposits with F. R. Banks 581 + 69 + 15 Other deposits with F. R. Banks 344 +103 + 69 Other F, R, accounts (net) 829 - 1 + 44 Member bank reserves 20,212 +122 + 431 Required reserves (estimated) 19,849 - 40 + 667 Excess reserves (estimated) 363 +162 - 236 Daily average excess reserves (estimated) 526 141 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF dhi$lTION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Mar. 11, Mar. 4, Mar. 12, 1953 1953 1952 AA SS SS EE TTSS 20,674,101 49,999 - 712,151 GGoolldd cceerrttiiffiiccaatteess RReeddeemmppttiioonn ffuunndd ffoorr FF.. RR.. nnootteess 752,358 + 46,276 TToottaall ggoolldd cceerrttiiffiiccaattee rreesseerrvveess 21,426,459 49,999 - 665,875 Other cash 379,353 20,623 4,689 Discounts and advances 1,314,919 + 491,237 + 957,438 Industrial loans 3,950 158 840 U. S. Government securities: Bills 560,954 + 544,954 Certificates 4,995,716 - 6,814,090 Notes 13,773,671 mm mm mm + 8,705,598 Bonds 4,521,975 - 1,113,848 Total U. S. Government securities 23,852,316 + 1,322,614 Total loans and securities 25,171,185 + 491,079 + 2,279,212 Due from foreign banks 23 F. R. notes of other banks 169,656 8,480 1,953 Uncollected cash items 3,698,594 299,780 67,070 Bank premises 49,188 + 9 4,872 20,651 Other assets 185,046 + 8,512 TOTAL ASSETS 51,079,504 120,718 1,703,189 L I A B I L I T I ES Federal Reserve notes 25,619,050 - 16,927 + 1,243,719 Deposits: Member bank--reserve accounts 20,211,732 122,181 + 430,432 - 308,189 U. S. Treasurer--general account 330,790 157,482 Foreign 581,204 + 69,472 + 15,150 + 69,180 Other 344,438 +_ 103,781 Total deposits + 137,952 + 206,573 Deferred availability cash items 2,928,832 8,144 + 183,380 Other liabilities and accrued dividends 180 + 1,240 TOTAL LIABILITIES 50,032,255 + 113,061 + 1,634,912 C A P I T AL A CC OP N TS Capital paid in 256,762 + 112 + 14,832 Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 - - — —- Other capital accounts 178,268 + 7,545 + 7,111 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,079,504 + 120,718 + 1,703,189 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.5# - .2$ - 2.9% Contingent liability on acceptances purchased for foreign correspondents 27,499 39 + 18,465 Industrial loan commitments 2,506 + 103 - 4,304 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 11, 1953 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 1,097,505 380 46,200 l6 to 90 days 217,384 965 1,652,520 91 days to 1 year 30 2,256 13,069,925 Over 1 year to 5 years 349 6,655,200 Over 5 years to 10 years 1,070,224 Over 10 years 1.358,247 Digitized for FRASTEoRt al 1,314,919 3,950 23,852,316 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 11, 1953 H.4.l(h) (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 20,674,101 678,438 6,849,951 1205,740 1387,454 813,624 644,087 4128,672 538,453 316,630 898,478 577,000 2635,574 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 30.078 58.189 Total gold certificate reserves 21,426,459 742,406 6,926,893 1261,258 1471,764 892,414 702,569 4256,912 589,969 342,002 939,431 607,078 2693,763 Other cash 379,353 28,098 70,575 28,308 34,257 22,789 30,749 69,573 18,554 5,654 12,245 14,080 44,471 Discounts and advances 1,314,919 62,822 247,900 61,365 152,529 33,680 30,956 439,474 80,816 51,175 96,740 12,990 44,472 Industrial loans 3,950 3,434 34 353 129 U. S. Govt, securities: Bills 560,954 145,666 35,138 54,487 40,100 27,281 95,660 26,763 17,520 22,276 27,083 68,980 Certificates 4,995,716 360,058 1,079,512 312,927 485,249 357,123 326,140 722,908 270,893 156,027 198,379 241,198 485,302 Notes 13,773,671 992,710 2,976,311 862,769 1337,878 984,625 899,200 1993,133 746,877 430,179 546,953 665,007 1338,029 Bonds 4,521,975 325,912 977,140 283,252 439,233 323,258 295,213 654,357 245,204 141,230 179,568 218,325 439,283 Total U. S. Government securities 23,852,316 1678,680 5,178,629 1494,086 2316,847 1705,106 1547,834 3466,058 1289,737 744,956 947,176 1151,613 2331,594 Total loans and securities'— 25,171,185 1741,502 5,426,529 1558,885 2469,376 1738,820 1579,143 3905,532 1370,553 796,260 1043,916 1164,603 2376,066 Due from foreign "banks 23 1 1/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other hanks 169,656 2,273 22,695 7,698 8,289 38,197 26,524 18,639 7,011 5,610 7,898 8,585 16,237 Uncollected cash items 3,698,594 275,773 679,584 214,808 315,010 301,556 278,490 641,512 175,412 95,229 188,070 157,882 375,268 Bank premises 49,188 4,457 7,231 3,679 4,632 4,928 3,724 6,795 2,983 1,047 2,242 623 6,847 other assets 185,046 13,219 39,308 11,348 17,610 13,418 12,576 26,808 9,691 5,628 7,970 9,343 18,127 TOTAL ASSETS 51,079,504 2807,729 13,172,822 3085,986 4320,940 3012,123 2633,776 8925,774 2174,174 1251,431 2201,773 1962,195 5530,781 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 11, 1953 H,4.1(c) (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. CIeve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,619,050 1570,042 5,620,473 1826,415 2370,668 1797,597 1385,806 4890,232 1197,385 646,742 1010,747 729,906 2573,037 Deposits: Member bank-reserve accts. 20,211,732 862,578 6,229,610 946,448 1501,669 851,147 933,455 3296,485 740,641 462,993 954,228 1012,068 2420,410 U.S.Treasurer-general acct, 330,790 21,593 47,290 18,737 31,036 24,495 19,134 53,424 23,704 16,690 22,069 14,871 37,747 Foreign 581,204 35,252 1/173,766 43,343 53,167 28,895 24,850 79,172 21,960 14,448 21,960 26,006 58,385 Other m..438 3.721 279.536 1.747 5.272 7.804 746 684 7.105 1.118 698 1.064 34.943 " Total deposits - 21,468,164 923,144 6,730,202 1010,275 1591,144 912,341 978,185 3429,765 793,410 495,249 998,955 1054,009 2551,485 Deferred avail, cash items 2,928,832 247,887 523,518 170,616 261,071 245,234 220,700 458,804 139,731 80,479 150,466 129,618 300,708 Other liabilities and accrued dividends 16.209 861 4,599 858 1.610 898 787 2.753 Jll 55k. m. 635 1.410 TOTAL LIABILITIES 50,032,255 2741,934 12,878,792 3008,164 4224,493 2956,070 2585,478 8781,554 2131,243 1223,024 2160,695 1914,168 5426,640 Capital paid in 256,762 13,763 81,267 17,451 24,537 11,145 10,873 32,865 8,903 5,779 9,696 12,607 27,876 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 JL fo eoo a< TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,079,504 2807,729 13,172,822 3085,986 4320,940 3012,123 2633,776 8925,774 2174,174 1251,431 2201,773 1962,195 5530,781 Contingent liability on acceptances purchased for foreign correspondents 27,499 1,677 2/8,112 2,062 2,530 1,375 1,183 3,767 1,045 688 1,045 1,238 2,777 Industrial loan commitments 2,506 829 751 66 — 110 750 FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding 26,624,370 1629,453 5,848,550 1903,820 2444,975 1894,816 1453,986 4983,954 1250,569 657,611 1038,486 769,626 2748,524 Collateral for F.R. notes: Gold certificates 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 Eligible paper 627,359 61,480 211,635 59,715 — 31,780 — 79,980 50,625 95,894 36,250 U. S. Govt, securities 14.660.000 1300.000 1.500.000 1100.000 1700.000 1450.000 1200.000 2400.000 1025.000 505.000 800.000 580.000 1100.000 Total collateral \f After deducting $407,419,000 participations of other Federal Reserve Banks. 2/ After deducting $19,387,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis