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 16, 1953. CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During week ended April 15, Member bank reserves increased $303 million. The principal changes supplying reserves were an increase of $122 million in Reserve Bank credit and decreases of $143 million in Other deposits with Federal Reserve Banks, $27 million in Money in circulation, and $22 million in Treasury cash holdings, The principal offsetting change was an increase of $12 million in Treasury deposits with Federal Reserve Banks. The increase of $122 million in Reserve Bank credit resulted from increases of $147 million in Float and $15 million in U. S. Government securities held under repurchase agreement, and a decrease of $40 million in Loans, discounts and advances. NOTE: In the interest of improved statistical analysis and to provide additional information, several changes are being made in the statement beginning this week. Holdings by the Federal Reserve Banks of U. S. Government securities purchased from dealers upon their agreement to repurchase within a short time will be shown separately, both in the table on Member Bank Reserves and Related Items and in the condition statement of the Federal Reserve Banks, Average member bank borrowings at Federal Reserve Banks for the period will be added as a memorandum item in the tabulation below. In order to provide analysts a more nearly complete picture of current changes in the gold and dollar reserves of foreign countries as a group than can be derived from the figures for foreign deposits at the Federal Reserve Banks and the United States gold stock, a sentence will be added under the table on Member Bank Reserves and Related Items giving the amount of U. S. Government securities held in custody by the Federal Reserve Banks for foreign account. In the maturity distribution of loans and securities held by the Reserve Banks, Government securities will be classified according to maturity date—formerly, callable securities were classified according to nearest call date. (continued) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (continued) ntonge since Member Bank Reserves April 15, April 8, April 16, and Related Items 1953 1953. 1952 C*A IMi X V V W v VA, V V44W (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright 23,306 +1,339 Held under repurchase agreement 15 + 15 + 15 Loans discounts and advances 872 - 40 + 245 856 +147 - 159 Float Total 25,549 +122 +1,440 Gold stock 22,562 - 731 Treasury currency outstanding 4,833 + 5 + 96 Money in circulation 29,753 - 27 +1,317 Treasury cash holdings 1,278 - 22 - 10 Treasury deposits with F. R. Banks 341 + 12 - 179 + 6 2 Foreign deposits with F, R. Banks 574 Other deposits with F, R« Banks 200 -143 - 77 Other F. R. accounts (net) 865 - 3 + 40 Member bank reserves 19,932 +303 - 286 Required reserves (estimated) 19,595 + 42 + 370 Excess reserves (estimated) 337 +261 - 656 Daily averages for period— Estimated excess reserves of member banks 591 +110 - 175 Member bank borrowings at Federal Reserve Banks 1,236 -113 + 883 U S* Government securities held in custody by the Federal Reserve Banks # for foreign account were $2*287 million, an increase of $42 million for the week and an increase of $725 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.4.1(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since April 15, April 8," April lb, 1953 1953 1952 A SS E T S 20,628,102 + 13,999 786,150 Gold certificates Redemption fund for F. R. notes 758,166 +_ JA999 62,894 Total gold certificate reserves 21,386,26b 24,995 *723,256 Other cash 354,121 + 2,665 7,636 Discounts and advances 868,361 39,577 246,259 Industrial loans 3,553 70 1,442 U. S. Government securities: Bought outright-- 514,754 + 514,754 Bills Certificates 4,995,716 - 6,767,590 + 8,205,598 Notes 13,773,671 613,848 Bonds .4,521,975 Total bought outright 23lBo5TiI5 mm mm mm + 17335,914 Held under repurchase agreement 15,000 + 15,000 + 15,000 Total U. S. Government securities 23,021,116 4- 15,000 + 1,353,914 Total loans and securities 24,693,030 - 24,647 + 1,598,731 Due from foreign banks . . ; 23 5 F. R. notes of other banks 157,787 4- 866 + 2,071 Uncollected cash items 4,567,183 + 973,843 + 71,245 Bank premises 49,647 + 101 + 5,102 Other assets 184,568 + 9,650 + 26,592 TOTAL ASSETS 51,3927527 + 987,475 + 972,844 L I A B I L I T I ES Federal Reserve notes 25,534,398 - 25,369 + 1,213,677 Deposits: Member bank--reserve accounts 19,932, 076 + 302,766 285,888 U. S. Treasurer--general account 341, 125 + 12,107 178,654 Foreign 574, 447 + 6,504 1,590 Other 200,0 39 — 142,526 - 76,895 Total deposits 21,047,' 557 + "r75785l - 5^3,027 Deferred availability cash items 3,711,0 71 826,547 + 229,968 Other liabilities and accrued dividends 18,1 06 + 1,331 + 1,598 TOTAL LIABILITIES 50,311, 252 + 981,360 + 902,216 C A P I T AL A C C O U N TS Capital paid in 257,072 + 65 + 14,605 584,676 + 46,334 Surplus (Section 7) Surplus (Section 13b) 27,543 Other capital accounts 212,074 + 6,051 ±- 9,689 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,392,527 + 987,476 + 972,044 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.9# - .1$ 2.3$ Contingent liability on acceptances purchased for foreign correspondents 30,895 546 + 22,846 Industrial loan commitments 2,834 16 - 3,711 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 15, 1953 (Securities held under~repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements,) Discounts and Industrial U. S. Government advances loans securities Within 15 days "325%2l5" 55C 285,504 16 to 90 days 43,125 1,399 1,382,016 91 days to 1 year 20 1,308 12,450,175 Over 1 year to 5 years 162 6,914,164 Over 5 years to 10 years 1,374,400 Over 10 years _ _ * 1,414,857 Total 5557351 3,553 23,821,116 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 15, 1953 H.4.1(b) (in thousands of dollars) A SS E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 20,628,102 692,488 6,469,423 1226,537 1424,531 816,720 611,385 4323,600 546,478 319,974 954,987 575,954 2666,025 Redemption fund for 758,166 63,223 74,285 59,153 83,441 82,208 62,817 127,316 51,239 26,244 40,721 29,858 57,661 F. R. notes Total gold certificate 21,386,268 755,711 6,543,708 1285,690 1507,972 898,928 674,202 4450,916 597,717 346,218 995,708 605,812 2723,686 reserves 354,121 25,067 62,808 25,468 27,211 20,177 32,231 66,842 19,062 7,282 11,457 15,709 40,807 Other cash 868,361 47,891 265,198 41,742 93,687 7,805 14,006 200,064 48,803 33,613 32,451 10,433 72,668 Discounts and advances Industrial loans 3,553 3,062 23 341 127 U. S. Govt, securities: Bought outright- Bills 514,754 124,712 32,244 49,999 36,798 33,605 96,696 16,624 16,077 20,441 24,853 62,705 Certificates 4,995,716 359,083 1,075,111 312,927 485,249 357,123 326,140 728,284 270,893 156,027 198,379 241)198 485,302 Notes 13,'773^671 990,038 2,964,149 862,769 1337,878 984,625 899,200 2007,967 746,877 430,179 546,953 665,007 1338,029 4,521,975 325,035 973,147 283,252 439,233 323,258 295,213 659,227 245,204 141,230 179,568 218,325 439,283 ^Total 23,806,116 1674,156 5,137,119 1491,192 2312,359 1701,8o4 1554,158 3492,174 1279,59% 7*3,513 9*5,341 1149,303 Held under repurchase agreement 15,000 - 15,000 I°^cJit?; GOVer°,'e°t 23,881,116 1674,156 5,152,119 1491,192 2312,359 1701,804 1554,158 3492,174 1279,598 743,513 945,341 1149,383 2325,319 s Total loans and 24,693,030 1722,047 5,417,317 1535,996 2406,046 1709,632 1568,505 3692,238 1328,401 777,253 977,792 1159,816 2397,987 securities BESSSvsi i i i « . ss td a jd 41 a sg s;,--™ « ,si .as ,a a a; a ,.s a TOTAL ASSETS 51,392,627 2871,455 13,009,357 3131,963 4391,229 3075,371 2630,677 8994,905 2158,756 1250,403 2213,404 1999,782 5665,325 l/ After deducting $l6,000 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 APRIL 15, 1953 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 25,534,398 1572,727 5,619,512 1814,703 2359,187 1775,310 1371,553 4902,389 1187,668 640,838 1004,478 721,910 2564,123 Depositsi Member bank-reserve accts. 19,932,076 841,832 6,026,645 946,324 1508,513 844,695 884,417 3233,532 724,292 452,641 959,366 1004,361 2505,458 U.S.Treasurer-general acct. 341,125 26,904 66,474 26,666 20,416 19,414 33,072 40,618 20,290 19,799 17,508 22,267 27,697 Foreign 574,447 34,770 1/172,580 42,750 52,440 28,500 24,510 78,090 21,660 14,250 21,660 25,650 57,587 Other 200.039 6.561 135.119 2.606 3.833 5.363 973 985 8.178 1.011 2.928 998 31.484 Total deposits 21,047,687 910,067 6,400,818 1018,346 1585,202 897,972 942,972 3353,225 774,420 487,701 1001,462 1053,276 2622,226 Deferred avail, cash items 3,711,071 319,332 681,862 218,012 344,929 342,805 264,914 587,185 151,290 91,871 164,713 174,236 369,922 Other liabilities and accrued dividends 18.106 1.082 5.664 996 1.859 952 789 2.746 -620. 522 791 1.476 TOTAL LIABILITIES 50,311,262 2803,208 12,707,856 3052,057 4291,177 3017,039 2580,228 8845,545 2114,068 1220,932 2171,192 1950,213 5557,747 Capital paid in 257,072 13,781 81,288 17,470 24,579 11,179 10,892 32,902 8,896 5,785 9,723 12,634 27,943 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 212.074 14.993 45.391 14.369 20.403 14.556 12.992 30,401 U ML 7.482 9.427 10.247 20.170 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,392,627 2871,455 13,009,357 3131,963 4391,229 3075,371 2630,677 8994,905 2158,756 1250,403 2213,404 1999,782 5665,325 Contingent liability on acceptances purchased for foreign correspondents 30,895 1,900 2/8,937 2,336 2,866 1,557 1,339 4,267 1,183 779 1,183 1,402 3,146 Industrial loan commitments 2,834 1,179 749 53 109 744 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,555,569 1629,872 5,855,174 1882,755 2432,934 1882,036 1446,350 5010,248 1232,352 654,342 1032,936 759,067 2737,503 Collateral for F.R. notes: 12.624,000 400,000 4,520,000 745,000 820,000 500,000 310,000 2700,000 280,000 155,000 280,000 214,000 1700,000 Gold certificates Eligible paper 499,904 46,762 222,115 40,355 6,880 — — 48,100 33,150 31,742 — 70,800 U. S. Govt, securities 1L.760.000 1300.000 1.500.000 1200.000 1700.000 1450.000 1200.000 2400.000 1025.000 505.000 800.000 580.000 1100,000 Total collateral 27,883,904 1746,762 6,242,115 1985,355 2520,000 1956,880 1510,000 5100,000 1353,100 693,150 1111,742 794,000 2870,800 1/ After deducting $401,850,000 participations of other Federal Reserve Banks, 2/ After deducting $21,958,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis