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 14, 1953. CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended May 13, Member bank reserves increased $101 million. The principal changes supplying reserves were an increase of $388 million in Reserve Bank credit and a decrease of $18 million in Money in circulation. The principal offsetting changes were increases of $214 million in Treasury deposits with Federal Reserve Banks and $101 million in Foreign deposits with Federal Reserve Banks. The increase of $388 million in Reserve Bank credit resulted from increases of $331 million in Loans, discounts and advances, $45 million in U. S. Government securities bought outright, and $37 million in Float, and a decrease of $26 million in U. S. Government securities held under repurchase agreement. Holdings of U. S. Government securities bought outright reflected an increase ;of $1+5 million in bills. Change since Member Bank Reserves May 13, May 6, May 14 1953 1953 1952 and Related Items (In millions of dollars) Reserve Bank credit: U. S. Government securities — 23,851 + 45 +1,536 Bought outright 28 - 26 + 28 Held under repurchase agreement 1,267 +331 + 591 Loans, discounts and advances 684 +37 - 89 Float 25,831 +388 +2,067 Total 22,561 -- - 736 Gold stock 4,841 +1 +102 Treasury currency outstanding Money in circulation 29,845 - 18 +1,348 Treasury cash holdings 1,285 8 428 +214 - 88 Treasury deposits with F, R. Banks 618 +101 + 79 Foreign deposits with F. R. Banks 366 - 8 + 109 Other deposits with F. R. Banks 780 + 35 Other F. R. accounts (net) Member bank reserves 19,912 +101 , 41 Required reserves (estimated) 19.292 -141 + 200 620 +242 - 241 Excess reserves (estimated) Daily averages for period-- Estimated excess reserves of member banks 623 +214 - 77 Member bank borrowings at F. R. Banks 1,313 +187 + 720 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,407 million, a decrease of $26 million for the week and an increase of $721 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 thousands of dollars) Change since May 13, May 6, May 14, 1953 1953 1952 A S S E TS Gold certificates 20,638,103 + 5,003 - 772,151 Redemption fund for F. R. notes 744,745 : 2441 + 55,909 Total gold certificate reserves 21,362,840 -716,242 Other cash 326,345 8,600 12,756 Discounts and advances 1,263,795 + 331,301 + 593,175 Industrial loans 3,663 + 201 1,547 U. S. Government securities: Bought outright— Bills 559,754 45,000 + 559,754 Certificates 4,995,716 - 6,615,590 Notes 13,773,671 + 8,205,598 Bonds 4,521,975 - 613,848 Total bought outright 23,051,116 "557000 + 1,535,914 Held under repurchase agreement 28,400 25,900 + 28,400 Total U. S. Government securities 23,879,516 + 19,100 + 1,564,314" Total loans and securities 25,146,974 + 350,602 + 2,155,942 Due from foreign "banks 23 5 F. R. notes of other banks 144,738 *- 2,885 1,334 Uncollected cash items 4,004,306 + 499,345 + 18,354 Bank premises 49,540 _+ 3 + 4,711 Other assets 220,994^- +_ 9,691 + 31,668 TOTAL ASSETS 51,2757755? + 850,618 + 1,400,338 L I A B I L I T I ES Federal Reserve notes 25,581,226'5- 28,082 + 1,243,125 Deposits: Member bank--reserve accounts 19,912,485 + 101,405 40,376 U. S. Treasurer--general account 428,161 + 213,684 87,701 Foreign 617,683 + 100,820 + 78,203 Other 365,862 2. 7,844 + 108,846 Total deposits 21,324,191 + 400,065 + 58,972 Deferred availability cash items 3,319,857-^+ 461,423 + 107,307 Other liabilities and accrued dividends 20,062 + 1,646 + . 2,332 TOTAL LIABILITIES 50,245,33& S+ 843,052 + 1,411,736 C A P I T AL ACCOUNTS Capital paid in 257,579 + 47 + 14,545 Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 „ Other capital accounts 160,634^ + 7,519 + 7,723 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,275,768- + 850,618 7 1,480,330 7/ Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.6# - .4# 2.94 Contingent liability on acceptances purchased for foreign correspondents 32,905 + 816 + 24,801 Industrial loan commitments 2,660 - 222 3,719 MATURITY DISTRIBUTION OF LOANS AND SECURITIES M, AY 13, 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 1,192,472 401 181,900 16 to 90 days 69,686 1,294 1,544,020 91 days to 1 year 1,637 l,8l6 12,450,175 Over 1 year to 5 years 152 6,914,164 Over 5 years to 10 years 1,374,400 - - -* Over 10 years 1,414,857 — — — Total 1,263,795 3,663 23,879,516 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 13, 1953 H.4.1(b) (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 20,638,103 650,046 6,788,234 1151,370 1341,391 786,676 628,125 4294,914 528,233 300,221 942,358 558,903 2667,632 Redemptiontfund for 62,547 71,794 57,953 82,640 76,578 62,224 126,488 50,967 26,156 40,552 29,626 57,220 T°reserves c e r t l f l c a te i,382,848 712,593 6,860,028 1209,323 1424,031 863,254 690,349 4421,402 579,200 326,377 982,910 588,529 2724,852 2 Other cash 326,345 23,079 57,254 21,250 22,339 18,083 29,576 65,223 17,876 6,712 11,683 14,998 38,272 Discounts and advances 1,263,795 76,821 253,968 80,373 169,394 51,275 31,124 299,191 34,216 49,288 73,857 29,128 115,160 Industrial loans 3,663 — — 3,138 — 22 385 — — 118 U. S. Govt, securities: B°Bills°Utr:Lght~~ 559,754 -- 166,215 35,062 54,371 40,014 19,107 93,569 17,735 17,482 22,228 27,025 66,946 Certificates 4,995,716 357,474 1,077,605 312,927 485,249 357,123 326,140 727,399 270,893 156,027 198,379 241,198 485,302 Notes 13,773,671 985,589 2,971,050 862,769 1337,878 984,625 899,200 2005,515 746,877 430,179 546,953 665,007 1338,029 Bonds 4,521,975 323,574 975,413 283,252 439,233 323,258 295,213 658,422 245,204 141,230 179,568 218,325 439,283 . .Total • 23,851,116 1666,637 5,190,283 1494,010 2316,731 1705,020 1539,660 3484,905 1280,709 744,918 947,128 1151,555 2329,560 Held under repurchase agreement 28,400 -- 28,400 — — — „ — r~__ — - " — Total U. S. Government securities 23,879,516 1666,637 .5,218*683 1494,010 2316,731 1705,020 1539,660 3484,905.1280,709 744,918 947,128 1151,555 2329,560 Total loans and • I. J 'I I • • -II ' ) * "•••• • • I. IN. N " I ' ' "1 1 " ' ' ' ^ " ' '' f' securities 25,146,974 1743,458 5,472,651 1577,521 2486,125 1756,317 1571,169 3784,096 1314,925 794,324 1020,985 1180,683 2444,720 Due from foreign "banks 23 l l/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 144,738 3,074 23%6o8 8,395 7,404 16,099 23,076 15,781 9,516 4,047 6,678 8,220 18,840 . c Uncollected cash items 4,004,30#8 316,874 745,083 255,244 362,827 351,932 292,039 643,741 185,510 106,874 191,472 176,4o6 376,304-r Bank premises 49,540 c 4,783 7,183 3,943 4,602 4,911 3,691 6,798 2,942 1,042 2,208 621 6,816 Other assets 220,99^ 15,999 47,027 13,626 21,384 15,850 14,990 31,785 11,587 6,722 9,410 11,092 21,52 TOTAL ASSETS 51,275,768 2819,861 13,212,841 3089,304 4328,714 3026,447 2624,891 8968,829 2121,557 1246,099 2225,347 1980,550 5631,32$ 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 1?, 1953 H.4.1(c) (In thousands'of dollars) 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 "7 Federal Reserve notes 25,581,22$ 1575,497 5,621,940 1822,150 2370,489 1771,737 1374,495 4916,420 1182,581 641,403 1007,164 724,172 2573,178 Deposits: Member bank-reserve accts. 19,912,48$ 831,645 6,094,784 919,192 1474,744 847,799 902,683 3241,249 710,368 441,951 951,662 995,948 2500,460 U.S.Treasurer-general acct. 428,l6l 21,906 41,969 22,521 36,062 30,204 25,406 75,923 14,068 31,735 48,829 38,362 41,176 Foreign 617,683 30,555 1/264,532 37,567 46,083 25,045 21,539 68,623 19,034 12,522 19,034 22,541 50,608 Other 365,862 5,202 304,819 1,240 3,181 5,235 894 746 7,582 823 5,848 878 29,414 Total deposits 21,324,191 889,308 6,706,104 980,520 1560,070 908,283 950,522 3386,541 751,052 487,031 1025,373 1057,729 2621,658 Deferred avail, cash items 3,319,85? 289,220 588,684 208,454 301,342 290,330 251,684 521,526 145,122 89,106 151,670 150,308 332,411 f Other liabilities and accrued dividends 20,062 1,011 5,792 1,125 1,943 1,218 980 3,136 846 599 744 919 1,749 o „ I TOTAL LIABILITIES 50,245,33$. 2755,036 12,922,520 3012,249 4233,844 2971,568 2577,681 8827,623 2079,601 1218,139 2184,951 1933,128 5528,995 Capital paid in 257,579 13,802 81,309 17,487 24,634 11,186 10,893 32,935 8,914 5,787 9,796 12,890 27,946 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,l40 Other capital accounts 160,634^' 11,550 34,190 11,501 15,166 11,096 9,752 22,214 8,893 5,969 7,538 7,844 14,92* TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,275,768- 2819,861 13,212,841 3089,304 4328,714 3026,447 2624,891 8968,829 2121,557 1246,099 2225,347 1980,550 5631,3»8 7/ 3y Contingent liability on Acceptances purchased for foreign correspondents 32,905 1,922 2/10,691 2,363 2,899 1,576 1,355 4,317 1,197 788 1,197 l,4l8 3,182 Industrial loan commitments 2,660 1,098 749 52 24 737 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,511,144 1632,831 5,837,789 1871,460 2448,667 1859,519 1439,762 5013,306 1232,356 656,164 1032,249 762,834 2724,207 Collateral for F.R. notes: Gold certificates 12,574,000 400,000 4,520,000 745,000 82802,00,0000 40 5405,000,0000 331100,,000000 2 720700,000,00 0208 0,000 155,000 280,000 214,000 1700,000 Eligible paper 712,662 76,242 243,365 79,66o — 50,800 — — 33,855 49,050 73,490 — 106,200 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 28,046,662 1776,242 6,263,365 2024,660 2520,000 1950,800 1510,000 5100,000 1338,855 709,050 1153,490 794,000 2906,200 l/ After deducting $353,134,000 participations of other Federal Reserve Banks. 2/ After deducting $22,214,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis