H.4.1 Factors Affecting Reserve Balances of Depository Institutions

H.U.I BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) April 30, 1953. CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 29, Member bank reserves increased $13 million. The principal changes supplying reserves were decreases of $142 million in Treasury deposits with Federal Reserve Banks, $80 million in Other F. R. accounts (net), and $67 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $168 million in Reserve Bank credit and increases of $65 million in Money in circulation and $45 million in Other deposits with Federal Reserve Banks. The decrease of $168 million in Reserve Bank credit resulted from decreases of $162 million in Float and $6 million in Loans, discounts and advances. Change since Member Bank Reserves April 29, April 22, April 30, and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 23,806 -- +1,443 Held under repurchase agreement Loans, discounts and advances 840 - 6 + 159 Float 581 -162 - 7 Total 25,227 -168 +1,595 Gold stock 22,562 -- - 736 Treasury currency outstanding 4,836 + 2 + 97 Money in circulation 29,787 + 65 +1,323 Treasury cash holdings 1,278 - 1 - 3 Treasury deposits with F. R. Banks 367 -142 - 83 Foreign deposits with F. R. Banks 518 - 67 Other deposits with F. R. Banks 401 +45 + 135 Other F. R. accounts (net) 784 - 80 + 35 Member bank reserves 19,489 + 13 - 451 Required reserves (estimated) 19,457 - 31 + 314 Excess reserves (estimated) 32 + 44 - 765 Daily averages for period-- Estimated excess reserves of member banks 402 -204 - 158 Member bank borrowings at F. R. Banks l,l6? +128 + 612 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,404 million, an increase of $70 million for the week and an increase of $741 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT 0$' CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since April 29, April 22, April 30, 1953 1$53 1952 A S S E TS Gold certificates 20,633,099 4,995 - 779,154 Redemption fund for F. R. notes 752,619 2,720 + 59,191 Total gold certificate reserves 21,395,718 2,275 : 719,963 Other cash 350,094 3,236 13,198 Discounts and advances 836,850 5,329 + 160,590 Industrial loans 3,476 5 1,682 U. S. Government securities: Bought outright— Bills 514,754 + 514,754 Certificates 4,995,716 - 6,663,590 Notes 13,773,671 + 8,205,598 Bonds - 613,848 Total bought outright 23!tio6i116 + 1,442,914 Held under repurchase agreement Total U. S. Government securities 23,806,116 + 1,442,91% Total loans and securities 24,646,442 5,334 + 1,601,822 Due from foreign "banks 23 5 F. R. notes of other banks 153,769 1,248 1,298 Uncollected cash items 3,607,190 301,806 + 280,724 Bank premises 49,561 106 + 4,912 Other assets 202,624 8,821 ± g9,572 TOTAL ASSETS 50,395,421 300,634 + 1,182,566 L I A B I L I T I ES Federal Reserve notes 25,556,131 + 59,403 + 1,223,855 Deposits: Member bank--reserve accounts 19,489,347 13,653 - 450,919 U. S. Treasurer—general account 367,496 141,643 82,922 Foreign 518,415 66,237 + 231 Other 401,048 44,680 + 134,699 Total deposits 20,776,306 149,547 : 398,911 Deferred availability cash items 3,026,472 139,579 + 287,745 Other liabilities and accrued dividends 20,786 1,526 + 3,456 TOTAL LIABILITIES 49,379,695 228,197 + 1,116,145 C A P I T AL A C C O U N TS Capital paid in 257,239 + 73 + 14,311 Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 Other capital accounts 146,268 - 72,510 + 5,776 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,395,421 - 300,634 + 1,182,566 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.2# + .1# 2.4$ Contingent liability on acceptances purchased for foreign correspondents 31,858 + 1,406 + 23,740 Industrial loan commitments 2,971 + 31 3,565 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 29, 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 770, 3937^9, 706 237,250 16 to 90 days 6&J-419- 1,103 1,415,270 91 days to 1 year 38 1,507 12,450,175 Over 1 year to 5 years 160 6,914,164 Over 5 years to 10 years Over 10 years te. Digitized for FRTAoStEaRl 836,850 3,476 23,806,116 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 29, 1953 H.4.1(b) (in thousands of dollars) - S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 20,633,099 638,225 6,778,218 1190,076 1449,395 746,333 620,486 4349,915 527,638 306,663 901,667 554,711 2569,772 Redemption fund for ^2,619 62,960 73,253 58,655 83,119 79,863 62,557 126,980 51,145 26,212 40,641 29,759 57,475 Jc • Iw BOucS 1 - 1 " * Total gold certificate 8 6,851,471 1248,731 1532,514 826,196 683,043 4476,895 578,783 332,875 942,308 584,470 2627,247 701(1 5 Discounts^and advances 836^0 102|*8 42^1 93AM 53,W 37:9% ni&K 63,M £',663 65:803 24',033 Sl^lS Industrial loans 3,476 — — 2,923 U. S. Govt, securities: fiC8te8 : ll l:S * 5:H 11 ill 111 B:S i: SB:S SS S §i.§ IB Total 23,806,116 1683,487 5,179,949 1491,192 2312,359 1701,804 1526,123 3478,524 1287,832 724,803 945,341 1149,383 2325,319 Held under repurchase agreement — — -- — " " *" "" "" "" " "" *r°securitiesC^OVerrimeQt 23,806,116 1683,487 5,179,949 1491,192 2312,359 1701,804 1526,123 3478,524 1287,832 724,803 945,341 1149,383 2325,319 ^"securities"" 24,646,442 1718,800 5,281,997 1536,237 2405,46l 1754,976 1564,515 3690,423 1351,745 780,591 1011,144 1173,4l6 2377,137 s a g — if 11 # 41 # j: j - j 11 - j 1 :f f | TOTAL ASSETS 50,395,421 2754,302 12,950,970 3058,309 4320,908 2917,022 2583,266 8853,517 2129,697 1224,984 2196,331 1955,016 5451,099 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 APRIL 29, 1953 E.4,1(c) , (In thousands of dollars) L I A B I L I T I ES Total' Boston New York Phila* Oleve,.. Rich. Atlanta Chicago St.Louis .. Mpls. Kans.Cy.' Dallas SanFran. Federal Reserve notes 25,556,131 1574,205 5,623,275 1816,369 2360,383 1776,213 1378,309 4904,297 1186,783 640,010 1007,482 731,605 2557,200 Deposits: Member hank-reserve accts. 19,489,347 785,879 5,921,304 920,278 1511,940 796,162 890,104 3225,129 725,461 440,658 920,603 991,641 2360,188 U.S.Treasurer-general acct. 367,496 23,888 75,972 15,7.66 29,855 30,658 18,498 41,944 23,685 23,270 29,458 11,992 42,510 Foreign 518,415 31,409 1/155,394 38,617 47,371 25,745 22,141 70,541 19,566 12,872 19,566 23,171 52,022 Other 5,400 334,137 3,211 3,407 2,439 4,132 1,367 4,295 29,309 Total deposits 20,776,306 846,576 6,486,807 977,872 1592,573 855,004 934,875 3339,238 776,374 478,167 973,692 1031,099 2:4 84,029 Deferred avail, cash items 3,026,472 268,645 547,480 186,853 272,252 230,793 222,722 468,016 124,510 78,724 174,679 144,755 307,043 Other liabilities and accrued dividends 20,786 1,087 6,110 1,131 2,266 1,178 1,059 2,902 891 572 667788 1,014 1,898 TOTAL LIABILITIES 49,379,695 2690,513 12,663,672 2982,225 4227,474 2863,188 2536,965 8714,453 2088,558 1197,473 2156,531 1908,473 5350,170 Capital paid in 257,239 13,793 81,291 17,463 24,625 11,184 10,893 32,919 8,896 5,785 9,786 12,659 27,945 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 146,268 10,523 31,185 10,554 13,739 10,053 8,843 20,088 8,094 5,522 6,952 7,196 13,519 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,395,421 2754,302 12,950,970 3058,309 4320,908 2917,022 2583,266 8853,517 2129,697 1224,984 2196,331 1955,016 5451,099 Contingent liability on acceptances purchased for foreign correspondents 31,858 1,944 2/9,395 2,390 2,931 1,593 1,370 4,365 1,211 796 1,211 1,434 3,218 Industrial loan commitments 2,971 1,316 749 53 109 744 FEDERAL RESERVE AGENTS' ACCOUNTS F. R* notes outstanding 26,533,431 1630,649 5,845,856 1881,821 2444,485 1872,172 1436,134 5007,198 1230,897 653,353 1038,278 765,890 2726,698 Collateral for F.R. notes: Gold certificates 12,574,000 400,000 4,520,000 745,000 820,000 445500,,000000 310,000 2700,000 280,000 155,000 280,000 214,000 1700,000 Eligible paper 452,028 34,185 92,440 40,735 52,225 63,210 55,200 65,083 48,950 U« S. Govt, securities 14,760,000 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 27,786,028 1734,185 6,112,©0 1985,735 2520,000 1952,225 1510,000 5100,000 1368,210 715,200 1145,083 794,000 2848,950 1/ After deducting $363,004,000 participations of other Federal Reserve Banks. 2/ After deducting $22,463,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis