H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) April 2, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves arid Related Items During the week ended April 1, Member bank reserves decreased $843 million. The principal changes reducing reserves were a decrease of $364 million in Reserve Bank credit and increases of $279 million in Treasury deposits with Federal Reserve Banks> $154 million in Money in circulation, $39 million in Foreign deposits with Federal Reserve Banks, and $17 million in Other F. R. accounts (net). The decrease of $364 million in Reserve Bank credit resulted from decreases of $239 million in Loans, discounts and advances, $63 million in U. S. Government securities, and $62 million in Float. Holdings of U. S. Government securities reflected a decrease of $63 million in certificates. The largest declines in member bank reserves were $320 million at the Federal Reserve Bank of New York and $323 million at the Federal Reserve Bank of Chicago. Change since Member Bank Reserves April 1, March 25, April 2, and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S, Government securities 23,806 - 63 +1,292 Loans, discounts and advances 469 -239 + 334 Float 748 - 62 - 13 Total 25,023 -364 +1,614 Gold stock 22,563 + 1 - 728 Treasury currency outstanding 4,827 + 1 + 91 Money in circulation 29,754 +154 +1,309 Treasury cash holdings 1,304 - 2 + 23 Treasury deposits with F. R. Banks 286 +279 9 Foreign deposits with F. R, Banks 550 + 39 - 15 Other deposits with F. R. Banks 344 - 7 + 133 Other F. R. accounts (net) 869 + 17 + 42 Member bank reserves 19,305 -843 - 507 Required reserves (estimated) 19,611 -257 + 445 Excess reserves (estimated) -306 —586 - 952 Daily average excess reserves (estimated) 412 -179 - 363 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 April 1, Mar. 25, April 2, 1953 1953 1952 A S S E TS Gold certificates 20,619,101 + 1 - 797,150 Redemption fund for F. R. notes 748,135 - 5,990 + 49,011 Total gold certificate reserves 21,367,236 - 5,989 - 746,139 Other cash 361,138 - 19,573 7,299 Discounts and advances 465,054 -239,510 +335,461 Industrial loans 3,579 + 47 1,645 U. S, Government securities: ... Bills 514,754 + 514,754 Certificates 4,995,716 $ 63,000 -6,814,090 Notes 13,773,671 +8,705,598 Bonds 4,521,975 -1,113,848 Total U. S. Government securities 23,806,116 - 63,000 +1,292,414 Total loans and securities 24,274,749 -302,463 +1,626,230 Due from foreign banks 23 — — 5 F. R. notes of other banks 165,933 - 1,779 + 12,017 Uncollected cash items 3,991,227 -342,868 + 303,758 Bank premises 49,351 106 + 5,030 Other assets 166,472 - 11,752 + 24,924 TOTAL ASSETS 50,376,129 +1,216,516 L I A B I L I T I ES Federal Reserve notes 25,563,004 +123,382 +1,225,913 Deposits: Member bank—reserve accounts 19,305,354 -843,080 - 506,286 U. S. Treasurer—general account 286,484 +279,098 8,456 Foreign 549,963 + 39,244 - 14,822 - 6,818 Other 344,124 + 132,872 Total deposits 20,465,925 -531,556 - 396,692 Deferred availability cash items 3,242,860 -281,110 + 316,282 Other liabilities and accrued dividends 16,350 - 1,429 + 1,141 TOTAL LIABILITIES 49,308,139 -690,713 +1,146,644 C A P I T AL A C C O U N TS Capital paid in 256,901 + 23 + l4,64l Surplus (Section 7) 584,676 mm mm mm + 46,334 Surplus (Section 13b) 27,543 - - - Other capital accounts 198,870 + 6,l60 + 8,897 +1,216,516 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,376,129 -684,530 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.4# + M 2.5% Contingent liability on acceptances purchased for foreign correspondents 29,589 + 1,638 + 21,566 Industrial loan commitments 2,823 34 3,601 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 1, 1953 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities 369 229,200 Within 15 days 16 to 90 days 367319- 904 1,423,320 91 days to 1 year 27 2,153 13,314,575 Over 1 year to 5 years 153 6,410,550 Over 5 years to 10 years 1,070,224 Over 10 years 1,358,247 Total 465,054 -37579" yj,8u6,ll6— Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 1, 1953 H.4.1(b) (In thousands of dollars) A S S E TS Dallas SanFran. New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Total Boston 6,874,982 1214,321 1495,015 790,918 644,370 3992,087 548,696 292,340 919,855 590,214 2607,258 20,619,101 649,045 Gold certificates Redemption fund for 29,946 57,875 75,313 59,717 83,787 74,722 58,086 127,706 51,351 25,295 40,809 F. R. notes 748,135 63,528 >60,664 620,160 Total gold certificate 712,573 6,950,295 1274,038 1578,802 865,640 702,456 4119,793 600,047 317,635 2665,133 reserves 21,367;236 D O i t s h c e o r u n ca t s s h and advances 4 3 6 6 5 1 , , 0 13 5 8 4 2 1 6 9 , , 6 8 1 8 3 3 6 4 3 0 , , 9 3 3 4 3 0 2 1 4 7 3 , , , 3 3 0 7 4 8 1 0 1 2 24 8 , ,4 9 9 9 6 1 2 1 2 1 , , 0 4 4 2 5 1 0 3 3 3 1 4 3 3 8 , , 8 3 5 8 0 4 6 1 6 7 , 1 6 , 4 96 5 6 1 3 9 6 , , — 2 7 4 8 6 4 3 7 5 , , 2 1 0 5 2 0 3 7 0 1 3 2 2 , , 4 6 4 8 6 8 1 1 4 1 , , 2 8 0 1 9 0 4 4 2 9 , , 0 4 3 1 5 8 Industrial loans 3,579 U. S. Govt. securities: 174,723 32,244 49,999 36,798 2,025 87,781 12,537 10,054 20,441 24,853 63,299 B B C N i o e o l r n t l t d e s i s s f i 5 1 c 1 3 a 4 , t , 7 e 7 7 s 5 3 , 4 4 6 , 7 9 1 9 5,716 4 .521,975 9 3 3 8 5 2 8 8 4 , , , 4 2 4 2 2 3 2 8 0 2 l , , 9 9 0 8 7 8 0 8 l , . , 8 1 6 0 4 1 1 8 4 8 3 2 6 1 8 2 2 3 , , , 9 7 2 2 6 5 7 9 2 4 1 4 8 3 3 5 3 9 , 7 , 2 , 2 4 8 3 9 7 3 8 9 3 3 8 5 2 4 7 3 , , , 6 1 2 2 2 5 5 3 8 8 3 2 9 2 9 9 6 5 , , , 2 1 2 0 4 1 0 0 3 6 1 7 5 9 2 4 9 2 3 , , , 3 9 1 5 0 3 7 8 3 7 2 2 4 7 4 6 0 5 , , , 8 8 2 9 7 0 3 7 4 1 4 1 5 3 4 6 0 1 , , , 0 1 2 2 7 3 7 9 0 1 5 1 9 4 7 8 6 9 , , ,5 3 9 6 7 5 9 8 3 6 2 2 6 4 1 5 1 8 , , , 0 1 3 0 2 9 7 5 8 1 4 4 3 3 8 3 9 5 8 , , , 2 3 0 8 0 2 3 2 9 Total U. S. Government 1671,060 5,215,286 1491,192 2312,359 1701,804 1522,578 3458,179 1275,511 737,490 945,341 1149,383 2325,913 securities 23,806,116 Total loans and 1690,963 5,255,626 1511,613 2337,350 1713,277 1536,310 3630,145 1312,295 772,617 978,029 1161,193 2375,331 securities 24,274,749 1 1 1 2 2 2 1 1 3 1 1/ 7 6,816 19,106 Due from foreign banks 23 1 6,007 7,058 9,312 7,549 30,402 31,152 16,062 9,932 20,017 F.R.notes of other banks 165,933 ^2,$20 320,380 267,872 99,212 184,602 173,962 368,755 247,774 380,573 671,977 163,384 Uncollected cash Items 3,991,22% 362,144 750,592 1,044 2,225 619 6,823 3,825 4,618 4,911 3,706 6,770 2,963 Bank premises 49,351 4,642 7,205 5,061 7,287 8,345 16,318 10,095 16,264 12,056 11,460 23,572 8,6lO 35,620 Other assets 166,472 11,790 3081,030 4353,654 2968,702 2586,807 8534,967 2116,478 1208,830 2152,312 TOTAL ASSETS 50,376,129 2811,246 13,083,295 deducting $l6,000 participations of other Federal Reserve Banks. l/ After Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THK FEDERAL RESERWBAMS'ON'" APRIL x,*i953: - 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 25,563,004 1567,022 5,633,126 1822,166 2356,574 1785,440 1383,653 4886,767 1192,040 641,980 1008,497 730,224 2555,515 W = = ~s -9 as : : i ~j -s - | ~i 3 % 3 ~s i j jeyse™,iss as '«5 sffi % ss am -as ax as M 1 6 , 9 09 4.831 945 1,934 ZZ2 71? 2,586 525 SU W i l Ei 1 1 1 1 1 1 1 1 1 1 II ' 1 1 1 1 1 11 i 1, " S S1" 50,376,129 2811,246 13,083,295 3081,030 4353,654 2968,702 2586,807 8534,967 2116,478 1208,830 2152,312 1985,305 5493,503 ; Contingent liability on fo^foreign Srres^ndents 29,589 1,794 2/8,855 2,206 2,706 1,470 1,265 4,029 1,118 735 1,118 1,323 2^970 Industrial loan commitments 2,823 — — 1,159 751 59 — HO — — 744 FEDERAL RESERVE AGENTS' ACCOUNTS t. R. notes outstanding 26,543,387 1624,081 5,840,328 1891,752 2445,846 1884,500 1445,199 4983,259 1242,322 655,130 1033,852 765,329 2731,789 C 0£ f a c £ t 5 L a U; n0teS! 12f,62t4,S000 S 400£,000g 4, 52=0,00=0 7 45,000 820,000 500,000 310,000 2700,000 280,000 155,000 280,000 214^000 1700,000 1/ After deducting $385,071,000 participations of other Federal Reserve Banks, 2/ After deducting #20,734,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis