H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) April 23» 1953• CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 22, Member bank reserves decreased $456 million. The principal changes reducing reserves were increases of $168 million in Treasury deposits with Federal Reserve Banks, $156 million in Other deposits with Federal Reserve Banks, and #11 million in Foreign deposits with Federal Reserve Banks, and a decrease of $154 million in Reserve Bank credit. The principal offsetting change was a decrease of $31 million in Money in circulation. The decrease of $154 million in Reserve Bank credit resulted from decreases of $113 million in Float, $26 million in Loans, discounts and advances, and $15 million in U. S. Government securities held under repurchase agreement. Change since Member Bank Reserves April 22, April 15, April 23, and Related Items 1953 1252- 1252- (in millions of dollars) Reserve Bank credit: U, S. Government securities' Bought outright 23,806 — +1,434 Held under repurchase agreement — - 15 —— Loans, discounts and advances 846 - 26 + 11 Float 743 -113 - 23 Total 25,395 -154 +1,422 Gold stock 22,562 —— - 733 Treasury currency outstanding 4,834 + 1 + 96 Money in circulation 29,722 - 31 +1,389 Treasury cash holdings 1,279 + 1 8 Treasury deposits with F. R. Banks 509 +168 — 368 Foreign deposits with F, R. Banks 585 + 11 + 47 Other deposits with F. R. Banks 356 +156 + 85 Other F. R. accounts (net) 864 - 1 + 40 Member bank reserves 19,476 -456 ; - 399 Required reserves (estimated) 19,488 -107 + 401 Excess reserves (estimated) -12 -349 - 800 Daily averages for period— Estimated excess reserves of member banks 606 + 15 + 3 Member bank borrowings at Federal Reserve Banks 1,039 -197 + 649 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,334 million, an increase of $47 million for the week Digitizeadn fdor FaRnA SiERn crease of $725 million from the comparable date a year ago. 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 22, April 15, April 23, 1953 1953 1952 A S S E TS 20,620,10k - 786,147 Gold certificates + 60,068 Redemption fund for F. R. notes Total gold certificate reserves hW E -W : 726,079 353,330 791 23,642 Other cash 26,182 + 11,857 842,179 Discounts and advances 3,481 72 1,589 Industrial loans U. S. Government securities: Bought outright-- + 514,754 Bills 514,754 - 6,672,590 Certificates 4,995,716 + 8,205,598 Notes 13,773,671 - 613.848 Bonds 4,521,975 23,806,116 + 1,433,914 Total bought outright 15,000 Held under repurchase agreement Total U. S. Government securities 23.8o6,ll5 15,000 + 1,433,914 Total loans and securities 24,651,776 41,254 + 1,444,182 Due from foreign banks 23 5 F. R. notes of other banks 155,017 2,770 5,006 Uncollected cash items 3,908,996 - 658,187 + 272,814 Bank premises 49,667 + 20 + 5,108 Other assets 193,803 + , ?,235 + 28,358 TOTAL ASSETS 50,696,055 : 6 9 6 , 5 72 + 995,730 L I A B I L I T I ES Federal Reserve notes 25,496,728 - 37,670 + 1,262,407 Deposits: Member bank^-reserve accounts 19,475,694 456,382 - 399,119 U. S. Treasurer--general account 509,139 + 168,014 - 367,851 Foreign 584,652 + 10,205 + 46,698 Other 356,368 + 156,329 + 8 4 , 9 94 Total deposits 20,925,053 121,534 :635,278 Deferred availability cash items 3,166,051 545,020 + 295,387 19.260 + 1,154 + 2,098 Other liabilities and accrued dividends TOTAL LIABILITIES 49,607,092 - 703,370 +924,614 C A P I T AL A C C O U N TS 257,166 94 + 14,522 Capital paid in ~ Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 Other capital accounts 218,778 6,704 +_ 10,260 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,696,055 696,572 + 995,730 Ratio of gold certificate reserves to deposit .2$ 2.2% 46.1# and F. R. note liabilities combined Contingent liability on acceptances purchased 30,452 - 443 + 22,356 for foreign correspondents 2,940 + 106 - 3,687 Industrial loan commitments MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 22. 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 —805,551 TXT" 232,554 l6 to 90 days 36,587 1,285 1,419,966 91 days to 1 year 41 1,324 12,450,175 160 6,914,164 Over 1 year to 5 years 1,374,400 Over 5 years to 10 years 1,414,857 Over 10 years Total 842,179 3,481 23,806,116 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 22, 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 20,628,104 667,34? 6,734,151 1200,354 1428,063 775,56? 623,269 4249,06? 530,463 299,043 923,159 569,455 2628,166 Redemption fund for F. R. notes 755,339 63,084 73,765 58,89? 83,279 81,029 62,692 127,138 51,18? 26,224 4o,6?4 29,811 57,559 Total gold certificate reserves— 21,383,443 730,431 6,807,916 1259,251 1511,342 856,596 685,961 4376,205 581,650 325,26? 963,833 599,266 2685,725 Other cash 353,330 23,488 6l,94l 24,537 29,735 21,157 31,103 68,364 19,165 6,289 11,340 14,619 41,592 Discounts and advances 842,179 39,8l6 78,728 62,823 94,502 24,925 16,496 251,214 50,883 66,513 68,328 35,283 52,668 Industrial loans 3,48l — — 2,955 — 22 3?8 — — 126 U. S. Govt, securities: Bought outright— Bills 514,754 — 139,008 32,244 49,999 36,798 33,605 87,188 27,913 - 20,44l 24,853 62,705 Certificates 4,995,716 358,355 1,076,157 312,92? 485,249 357,123 326,l4o 728,284 270,893 155,709 198,379 241,198 485,302 Notes 13,773,671 987,985 2,967,069 862,769 1337,878 984,625 899,200 2007,967 746,87? 429,312 546,953 665,007 1338,029 Bonds 4.521.975 324.361 974.106 283.252 439.233 323,258 295,213 659,227 245.204 140,945 179.568 218,325 439,283 Total 23,806,116 1670,701 5,156,340 1491,192 2312,359 1701,804 1554,158 3482,666 1290,887 725,966 945,341 1149,383 2325,319 Held under repurchase agreement — — «•«•> — — — — — — — — — — — — — — — — — — — — —— Total U. S. Government securities 23,8o6,ll6 1670,701 5,156,340 1491,192 2312,359 1701,8o4 1554,158 3482,666 1290,887 725,966 945,341 1149,383 2325,319 Total loans and securities 24,651,776 1710,517 5,235,068 1556,970 2406,861 1726,751 1571,032 3733,880 1341,770 792,605 1013,669 1184,666 2377,987 Due from foreign banks 23 1 1/ 7 2 2 1 1 3 l 1 1 1 2 F^R. notes of other banks 155,017 3,324 20,051 9,872 7,867 24,723 25,951 17,258 6,542 5,760 5,469 6,697 21,503 Uncollected cash items 3,908,996 294,458 778,502 234,599 350,206 297,412 272,449 636,170 159,493 97,957 200,274 178,872 408,604 Bank premises 49,667 4,785 7,207 3,948 4,615 4,911 3,704 6,823 2,963 1,044 2,225 619 6,823 Other assets 193,803 13.768 41.294 II.800 18.651 14.000 13,280 27,794 10,115 5.880 8,362 9,937 18,922 TOTAL ASSETS 50,696,055 2780,772 12,951,986 3100,979 4329,279 2945,551 2603,481 8866,497 2121,699 1234,803 2205,173 1994,677 5561,158 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 AHtIL 22, 1953 (In thousands of dollars) 1.4.1(c) [.TAB I LI T I E S Total Boston New York Fhila, Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 640,622 1001,646 721,820 2547,972 1765,892 1366,090 4903,642 1183,711 25,496,728 1578,308 5,616,306 1813,253 2357,466 Federal Reserve notes Deposits i 5,898,018 929,345 1475,460 809,859 883,443 3186,048 705,661 443,245 933,210 992,651 2416,199 • U . M S e . m T b r e e r a s b u a r n e k r - - r g e e s n e e r r v a e l a c a c cc ts t . , 1 9 5 , 0 4 9 7 , 5 1 , 3 6 9 94 8 2 0 9 2 , , 2 5 4 5 7 5 85,493 35,737 40,860 3 2 1 9 , , 9 1 4 6 2 0 3 2 9 5 , , 1 0 5 7 5 8 6 7 0 9 , , 5 8 7 9 1 8 3 2 1 2 , , 6 1 7 6 5 2 2 1 1 4 , , 1 5 7 8 0 0 3 2 8 2 , , 2 1 2 6 7 2 3 2 2 6 , , 5 2 1 4 0 4 6 5 2 8 , , 5 92 5 0 2 584,652 35,575 1/173,479 43,740 53,654 ,12/ 1.194 36.627 Foreign >6.368 4.61 282.771 28 4.498 981 2.961 3.02 Other 481,119 997,138 1052,599 2574,298 874,942 950,637 3329,564 766,747 872,026 6,439,761 1012,550 1574,472 Total deposits 20,925,853 244,765 234,892 480,129 125,376 82,723 163,259 169,414 329,178 260,610 587,186 193,809 294,710 3,166,051 Deferred avail, cash items Other liabilities and accrued dividends 1205,056 2162,673 1944,751 5453,180 2886,737 2552,559 8716,064 2076,631 TOTAL LIABILITIES 49,607,892 2712,030 12,648,941 3020,622 4228,648 11,183 10,893 32,919 8,896 5,785 9,723 12,651 27,945 Capital paid in 257,166 13,784 81,293 17,470 24,624 29,248 25,803 84,628 23,628 15,131 21,925 25,381 57,325 Surplus (Section 7) 584,676 36,462 167,503 43,578 54,064 3,349 762 1,429 521 1,073 1,137 1,307 2,140 27,543 3,011 7,319 4,489 1,006 58 Q.7TS 10.587 20.568 Surplus (Section 13b) ?30 lZi-820 20 15.034 13.464 31.451 12,02 _218.778 15.48 ;Other capital accounts TOTAL LIABILITIES AND 12,951,986 3100,979 4329,279 2945,551 2603,481 8866,497 2121,699 1234,803 2205,173 1994,677 5561,158 50,696,055 2780,772 CAPITAL ACCOUNTS Contingent liability on a fo cc r e p f t o a r n e c i e g s n c pu o r r c r h e a s s p e on d d ents 30,452 1,864 2/8,912 1 2 , , 2 2 8 9 5 1 2,8 7 1 49 1 1,52 5 7 3 1,314 4,1 1 8 09 6 1,161 764 1,1 7 6 44 1 1,375 3,086 Industrial loan commitments 2,940 FEDERAL RESERVE AGENTS' ACCOUNTS 26,514,568 1625,206 5,853,00 1874,682 2443,979 1866,360 1438,010 5001,414 1229,535 654,867 1032,343 759,911 2735,218 F, R. notes outstanding .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 50,180 ..... Eligible paper 416,531 38,688 69,770 57,435 — 24,000 00.000 2400-000 1025.000 OS.000 800.000 580.000 1100.000 1.500.000 1900-000 1700.000 1450.000 14.760.000 1300.000 U. S. Govt, securities W . a & sS 6^089,770 a & S? 2520:000 1^74:000 1510,000 5 1 0 0^ 1355A80 726,050 1147,608 794,UX, 2842,800 Total collateral Hi::: e s s s ss 3 : : : = = £ £: Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis