H.4.1 Factors Affecting Reserve Balances of Depository Institutions

H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) May 7, 1953• CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended May 6, Member bank reserves increased $322 million. The principal changes supplying reserves were an increase of $2l6 million in Reserve Bank credit and decreases of $153 million in Treasury deposits with Federal Reserve Banks and $27 million in Other deposits with Federal Reserve Banks, The principal offsetting change was an increase of $76 million in Money in circulation. The increase in Reserve Bank credit resulted from increases of $96 million in Loans, discounts and advances, $66 million in Float, and $5^- million in U. S« Government securities held under repurchase agreement, Change since Member Bank Reserves May 6, April 29, May 7 and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 23,806 +1,477 -- Held under repurchase agreement + 54 + 54 Loans, discounts and advances 936 + 96 - 112 Float 64? + 66 - 43 Total 25,443 +216 +1,376 Gold stock 22,561 - l - 736 Treasury currency outstanding 4,840 + 4 + 101 Money in circulation 29,863 + 76 +1,340 Treasury cash holdings 1,285 + 7 1 Treasury deposits with F. R. Banks 214 -153 - 535 Foreign deposits with F. R. Banks 517 - 1 + 20 Other deposits with F. R. Banks 374 - 27 + 109 Other F. R. accounts (net) 780 - 4 + 33 Member bank reserves 19,811 +322 - 223 Required reserves (estimated) 19,433 - 24 + 362 Excess reserves (estimated) 378 +346 - 585 Daily averages for period— Estimated excess reserves of member banks 409 + 7 - 224 Member bank borrowings at F. R. Banks 1,126 - 4i + 502 U. S« Government securities held in custody by the Federal Reserve Banks for foreign account were $2>433 million, an increase^, of $29 inillion for the week and an increase of $752 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 OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousand s of dollars) Change since May 6, April 29, May 7, 1953 1953 1952 A S S E TS Gold certificates 20,633,100 + 1 779)149 Redemption fund for F. R. notes 747,286 - 5,333 4" 57,736 Tota1 gold certificate reserves 21,380,386 - 5,332 - 721/413 Other cash 334,945 - 15,149 - 13,790 Discounts and advances 932,494 4 95,644 - 110,391 Industrial loans 3,462 14 1,652 - U. S. Government securities: Bought outright-. Bills 514,754 ___ + 514,754 Certificates 4,995,716 6,629,590 — — — - Notes 13,773,671 — - - 4 8,205,598 Bonds 4,521,975 613,848 — - Total bought outright 23,806,116 1,476,914 —— •4 Held under repurchase agreement 54,300 + • 54,300 + 54,300 Total U. S*. Government securities 23,860,416 + 54,300 1,531,214 4. Total loans and securities 24,796,372 + 149,930 + 1,419,171 Due from foreign banks ~ 23 «• — — - 5 F, R. notes of other banks 147,623 - 6,146 + 7,434 Uncollected cash items 3,504,961 - 102,229 + 238,975 Bank premises 49,537 24 + 4,898 - Other assets 211,303 + 8,679 4 30,530 TOTAL ASSETS 50,425,150 + 29,729 + 965,800 L I A B I L I T I ES Federal Reserve notes 25,609,308 + 53,177 + 1,245,274 Deposits: Member bank--reserve accounts 19,811,080 + 321,733 222,949 'J. S. Treasurer - -general account 214,477 153,019 535,008 - - Foreign 516,863 - 1,552 + 19,515 Other 373,706 - 27,342 + 108,253 Total deposits 20,916,126 + 139,820 630,189 - Deferred availability cash items 2,858,434 - 168,038 4- 282,093 Other liabilities and accrued dividends 18,416 - 2,370 + 1,264 : TOTAL LIABILITIES 49,402,284 + 22,589 + ~598T%%2 C A P I T AL A C C O U N TS Capital paid in 257,532 + 293 + 14,537 Surplus (Section 7) 584,676 — — — 4- 46,334 Surplus (Section 13b) 27,543 — — — wm — Other capital accounts 153,115 + 6,847 4- 6,487 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,425,150 29,729 4 965,800 Ratio of gold certificate reserves to deposit add F. R„ note liabilities combined 46.0$ .2$ 2.1# - - Contingent liability on acceptances purchased for foreign correspondents 32,089 + 231 4* 23,969 Industrial loan commitments 2,882 - 89 - 3,591 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 6, 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 857,700 ~ 290,050 16 to 90 days 74,757 1,416,770 91 days to 1 year 37 12,450,175 Over 1 year to 5 years 6,914,164 Over 5 years to 10 years 1,374,400 Over 10 years 1.414.857 Total 932,494 3,462 23,860,416 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS 0N'MA¥6>1953 E.4.1(b) (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls.. Kans.Cy. Dallas SanFran. Gold certificates 20,633,100 654,213 6,825,896 1166,593 1*09,916 765,809 621,023 4278,543 508,708 295,093 931,015 549,627 2626,664 ^ T ^ o t S r1 f°r 747.286 62.686 72.259 58.191 82.800 77,598 62,350 126,652 51,021 26,175 40,586 29,663 57,305 ^reserves ^ ^ ^ 716,899 6,898,155 1224,784 1492,716 843,407 683,373 4405,195 559,729 321,268 971,601 579,290 2683,969 SET £;% - ....... as as as .as s-s « as a as ss »s Industrial loans 3,462 -- -- 2,913 - 22 409 -- " 118 u. S. Govt, securities: B°IBillTs°Utright" 51i4,75f4 g - 145l,356iai 32,l244 i 49i,999l 36l,798S 28,52I5 8i7,18i8 16,5i54 S 10,0a91 2i0,44i1 l24,85l3 i 62,7l05 Held under repurchase agreement 5k,300 -- > 300 • . ^ ^ r •>; -f • • •• • ^ • •' • J * '—I—.—U- . : • . '.J • • ' I —— 11 — 1 " 1 • 11 1 " T° ^ i t f ; .G O T e r' "n e nt 23,860,416 1678,706 5,211,655 1491,192 2312,359 1701,804 1549,078 3478,524 1279,528 737,527 9*5,341 1149,383 2325,319 / . . ; . ; , , • , ^ . • . • - . . • . • • • . ., , —— ^securities'*" 24,796,372 1726,742 5,267,128 1558,067 2443,903 1762,831 1578,926 3764,465 1347,669 777,393 1019,158 1171,661 2378,429 IIP—if i # 1if # II il i fil il II 'f ili TOTAL ASSETS 50,425,150 2769,013 12,963,635 3056,100 4287,900 2945,406 2585,166 8851,490 2105,189 1207,515 2207,184 1930,676 5515,876 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 MAY 6, 1953 (In thousands of dollars) H.4.1(c) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. L I A B I L I T I ES 25,609,308 1576,321 5,635,470 1820,909 2363,854 1778,210 1380,435 4914,650 1186,834 643,527 1009,194 728,775 2571,129 Federal Reserve notes Deposits: 828,554 6,065,368 922,013 1507,928 838,032 891,369 3222,552 703,911 429,879 967,332 994,187 2439,955 Member bank-reserve accts. 19,811,080 14,250 27,451 11,008 13,698 17,250 21,896 42,032 15,591 13,168 16,546 8,923 12,664 U.S.Treasurer-general acct. 214,477 516,863 31,622 1/151,374 38,880 47,693 25,920 22,291 71,021 19,699 12,960 19,699 23,328 52,376 Foreign 373,706 4,479 310,731 1,531 3,481 5,380 697 820 7,103 1,513 6,146 1,045 30,780 Other 20,916,126 878,905 6,554,924 973,432 1572,800 886,582 936,253 3336,425 746,304 457,520 1009,723 1027,483 2535,775 Total deposits 2,858,434 248,534 479,603 184,214 254,878 225,224 220,486 457,560 129,763 78,076 147,595 126,570 305,931 Deferred avail, cash items Other liabilities and accrued dividends 18.416 1,054 4,847 971 2,221 1,072 1,247 2,744 786 680 593 765 1,436 49,402,284 2704,814 12,674.844 2979,526 4193,753 2891,088 2538,421 8711,379 2063,687 1179,803 2167,105 1883,593 54l4,2?l TOTAL LIABILITIES Capital paid in 257,532 13,602 81^306 17,478 24,632 11,185 10,893 32,928 8,899 5,785 9,795 12,884 27,945 584,676 36,462 167,503 43,578 54,064 29,248 25,803 84,68248,628 23,628 15,131 21,925 25,381 57,325 Surplus (Section 7) Surplus (Section ljb) 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 153,115 10,924 32,663 11,029 14,445 10,536 9,287 21,126 8,454 5,723 7,222 7,511 14,195 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,425,150 2769,013 12,963,635 3056,100 4287,900 2945,406 2585,166 8851,490 2105,189 1207,515 2207,184 1930,676 5515,876 Contingent liability on acceptances purchased for foreign correspondents 32,089 1,958 2/9,466 2,407 2,952 1,605 1,380 4,396 1,219 802 1,219 1,444 3,241 Industrial loan commitments 2,882 1,319 749 53 24 737 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,506,010 1630,240 5,843,666 1879,514 2441,518 1853,310 1438,944 5011,302 1232,290 654,735 1032,067 763,389 2725,035 Collateral for F.R. notes: Gold certificates 12,574,000 400,000 4,520,000 745,000 82802,00,0000 405 405,00,00000 331100,,000000 22770000,,000000 280,000 155,000 280,000 214,000 1700,000 Eligible paper 440,296 47,457 47,170 63,250 60,530 67,780 39,510 73,449 41,150 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 27,774,296*1747,457 6,067,170 2008,250 2520,000 1960,530 1510,000 5100,000 1372,780 699,510 1153,449 794,000 2841,150 1/ After deducting $365,472,000 participations of other Federa lReserve Banks. 2/ After deducting $22,623,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis