H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H,4.1 (For Immediate Release) March 19, 1953 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended March 18, Member ban kreserves increased $653 million. The principal changes supplying reserves were an increase of $240 million in Reserve Bank credit and decreases of $323 million in Treasury deposits with Federal Reserve Banks, $81 millio nin Foreign deposits with Federal Reserve Banks, and $72 million in Money in circulation. The principal offsetting changes were increases of $37 millio nin Other deposit swith Federal Reserve Banks and $23 million in Other F» R. account s(net). The increase of $240 million in Reserve Bank credit resulted from increases of $436 million in Float and $110 million in U. S. Government securities, and a decrease of $306 million in Loans, discounts and advances. The increase in holdings of U, S. Government securities represents certificates of indebt-, edness special series issued to th eFederal Reserve Banks, Change since Member Bank Reserves March 18, March 11, March 19, and Related Items 1953 19*3 1952 (in millions of dollars) Reserve Bank credit: U, S. Government securities 23,963 +110 +1,138 Loans, discounts and advances 1,013 -306 + 882 Float 1,206-3 +436 - 54 Total 26,1817? +240 +1,965 Gold stock 22,612 + 1 680 Treasury currency outstanding 4,826 + 2 4 97 Money in circulation 29,708 - 72 +1,347 Treasury cash holdings 1,305 + 6 + 20 Treasury deposits with F. R. Banks 8 -323 + 2 Foreign deposits with F. R, Banks -50 - 81 - 47 Other deposits with F, R. Banks 381 + 37 + 186 Other F, R, account s(net) 852 + 23 •f 49 Member bank reserves 20,865 +653 173 - Required reserves (estimated) 19,990 +141 4- 363 Excess reserves (estimated) 875 +512 — 536 Daily average excess reserves (estimated) 654 +128 — 421 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.1(a) STATEMENT OF CONDITION OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Mar. 18, Mar. 11, Mar. 19, 1953 1953 1952 A S S E TS 20,674,102 1 - 729,151 Gold certificates 749,145 3,213 + 50,090 Redemption fund for F. R. notes Total gold certificate reserves 21,423,247 3,212 - 679,061 Other cash 379,851 498 - 7,931 Discounts and advances 1,008,978 305,941 + 882,926 Industrial loans 3,795 155 - 1,061 U. S. Government securities: 560,954 + 56.0,954 Bills Certificates 5,105,716 110,000 - 7,015,090 Notes 13,773,671 + 8,705,598 Bonds 4,^1,975 - 1,113,848 Total U. S. Government securities 23,962,316 110,000 + 1,137,614 Total loans and securities 24,975,089 - 196,096 + 2,019,479 Due from foreign banks 23 5 F, R. notes of other banks 167,555 2,101 + 3,914 Uncollected cash items 5,291-492 + 1,592,898 + 287,344 Bank premises + 337 + 5,028 14,840 + 17,153 Other assets TOTAL ASSETS 52,456)988 + 1,377,464 + 1,645,921 4 L I A B I L I T I ES Federal Reserve notes 25,545,623 - 73,427 + 1,265,415 Deposits: Member bank--reserve accounts 20,865,276 + 653,544 172,241 U. S. Treasurer--general account 8,467 - 322,323 + 2,395 Foreign -/<?<£ V/<9 560,147 81,057 47,078 Other 380,617 + 36,179 + 185,488 Total deposits + 286:343 : 5lt535 Deferred availability cash items + 1,156,299 + 341,094 Other liabilities and accrued dividends 17,082 + 873 + 1,564 TOTAL LIABILITIES 51,402,343 + 1,370,088 + 1,576,637 C A P I T AL A C C O U N TS Capital paid in 256,809 47 + 14,839 Surplus (Section 7) 584,676 + 46,334 Surplus (Section ljb) 27,543 Other capital accounts 185,617 + 7,349 + 8,111 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,456^ + 1,377,484 + 1,645,921 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.3# ,2% 2.7# Contingent liability on acceptances purchased for foreign correspondents 27,938 + 439 19,834 Industrial loan commitments 2,624 + 118 4,105 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 18, 1953 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 970,735 1,251 156,200 16 to 90 days 38,213 52 1,652,520 91 days to 1 year 30 2,153 13,314,575 Over 1 year to 5 years 339 6,410,550 Over 5 years to 10 years 1,070,224 Over 10 years 1,358,247 Total 1,008,978 3,795 23,962,316 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(b) STATEMENT OF CONDITION OF THE FEDERAL RES^VE BANKS ON MARCH l8, 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 20,674,102 646,473 6,765,618 1208,145 1426,715 796,577 652,453 4254,857 557,006 309,707 894,663 561,955 2599,933 Redemption fund for F. R. notes 749,145 63,812 76,4l8 55,214 84,089 77,475 58,339 128,025 51,450 25,337 40,892 30,028 58,066 Total gold certificate reserves 21,423,247 710,285 6,842,036 1263,359 1510,804 874,052 710,792 4382,882 608,456 335,044 935,555 591,983 2657,999 Other cash 379,851 28,409 70,117 27,275 30,209 22,703 34,061 68,622 19,074 6,816 12,797 14,269 45,499 Discounts and advances 1,008,978 22,169 217,285 16,990 103,843 15,000 16,762 382,528 67,532 52,450 56,675 18,130 39,614 Industrial loans 3,795 3,316 25 326 128 U. S. Govt, securities: Bills 560,954 207,019 35,138 54,487 40,100 95,660 5,690 4,521 22,276 27,083 68,980 Certificates 5,105,716 368,484 1,181,417 312,927 485,249 357,123 325,809 722,908 270,893 156,027 198,379 241,198 485,302 Notes 13,773,671 1015,932 862,769 1337,878 984,625 898,264 1993,133 746,877 430,179 546,953 665,007 1338,029 Bonds 4,521,975 333,536 2-M 283,252 439,233 323,258 294,905 654,357 245,204 141,230 179,568 218,325 439,283 Total U. S. Government securities 23,962,316 1717,952 5,312,285 1494,086 2316,847 1705,106 1518,978 3*66,058 1268,664 731,957 947,176 1151,613 2331,594 Total loans and securities 24,975,089 1740,121 5,529,570 1514,392 2420,690 1720,131 1536,066 3848,586 1336,196 784,535 1003,851 1169,743 2371,208 ?7 7S£- Due from foreign banks 23 ) 1 1/ 7 2 2 1 1 3 1 1 1 1 g F.R.notes of other banks 167,555/ 2,962 25,101 8,915 8,952 34,176 26,622 14,251 8,563 5,331 7,401 7,557 17,724 Uncollected cash items 5,29t 7 492' 385,278 1,177,295 344,030 483,601 371,022 365,687 804,341 272,013 113,100 264,376 205,972 5<%m- Bank premises 49,525 4,647 7,231 3,831 4,628 4,927 3,724 6,795 2,983 1,047 2,242 623 6,847 Other assets 170,206 12,126 36,046 10,389 16,308 12,223 11,591 24,499 8,900 5,180 7,399 8,762 16,783 TOTAL ASSETS 52,456,98$ 2883,829 13,687,403 3172,193 4475,194 3039,235 2688,544 9149,979 2256,186 1251,054 2233,622 1998,910 5620,839 / . . /7, 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 18, 1953 H.4.1(c) (In thousands of dollars) J t 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 25,545,623 1566,013 5,612,191 1820,632 2364,521 1793,789 1377,586 4888,568 1193,684 643,574 1006,288 724,045 2554,732' Deposits: Member bank-reserve accts. 20,865,276 895,362 6,537,891 949,501 1561,937 864,285 933,597 3423,819 752,834 463,695 974,089 1019,651 2488,615 U.S.Treasurer-general acct. 8,467 856 395 598 811 613 523 1,093 504 854 500 584 1,136 22,086 Foreign 500,147* 29,939 1/150,379 36,810 45,154 24,540. 21*3.04 67,240 18,650 12,270 18,650 Other 947 4.061 824 1.061 oO ?70 Total deposits 21,754i507 930,186 7,012,949 987,856 1611,963 893,374 956,747 3492,976 778,318 477,757 994,300 1043,273 2574*308' Deferred avail, cash items 4,085,131 320,394 761,604 284,499 399,753 294,678 304,756 620,404 240,240 100,021 191,212 182,490 385,080 Other liabilities and accrued dividends 17.082 848 5,053 926 1.774 832 694 2.686 623 1,054 519 725 1.348 TOTAL LIABILITIES 51,402,343" 2817,441 13,391,797 3093,913 4378,011 2982,673 2639,783 9004,634 2212,865 1222,406 2192,319 1950,533 5515y968 Capital paid in 256,809 13,767 81,268 17,456 24,538 11,152 10,873 32,868 8,903 5,785 9,697 12,616 27,886 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 185.617 13.148 39.516 12.757 17.575 12.813 11.323 26.420 10.269 6.659 8.544 9,0?3 17.520 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,4567^> 2883,829 13,687,403 3172,193 4475,194 3039,235 2688,544 9149,979 2256,186 1251,054 2233,622 1998,910 5626,839 Contingent liability on acceptances purchased for foreign correspondents 27,938 1,695 2/8,347 2,084 2,557 1,389 1,195 3,807 1,056 695 1,056 1,250 2,807 .Industrial loan commitments 2,624 947 751 66 110 750 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,602,491 1631,437 5,852,344 1894,692 2443,603 1891,254 1448,203 4978,989 1249,927 656,193 1036,041 768,884 2750,924 Collateral for F.R. notes: Gold certificates 12,704,000 400,000 4,520,000 825,000 820,000 500,000 310,000 2700,000 280,000 155,000 280,000 214,000 1700,000 Eligible paper 475,046 21,315 211,455 15,940 13,900 — 67,000 52,100 56,136 — 37,200 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 27,839,046 1721,315 6,231,455 1940,940 2520,000 1963,900 1510,000 5100,000 1372,000 712,100 1136,136 794,000 2837,200 i/ After deducting $346,014,000 participations of other Federal Reserve Banks. 2J After deducting $19,591,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis