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 28, 1953- CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended May 27, Member bank reserves decreased $118 million. The principal changes reducing reserves were increases of $210 million in Treasury deposits with Federal Reserve Banks and $30 million in Money in circulation, &nd a decrease of $26 million in Gold stock. The principal offsetting changes were decreases of $80 million in Foreign deposits with Federal Reserve Banks and $48 million in Other deposits with Federal Reserve Banks, and an increase of $20 million in Reserve Bank credit. The increase of $20 million in Reserve Bank credit resulted from increases of $94 million in U. S. Government securities held under repurchase agreement, $72 million in U. S. Government securities bought outright, and $41 million in Loans, discounts and advances, and a decrease of $187 million in Float. Holdings of U. S. Government securities bought outright reflected an increase of $72 million in bills. Change since Member Bank Reserves May 27, May 20, May 28, and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities — Bought outright 23,963 + 72 +1,690 Held under repurchase agreement 125 + 94 + 125 Loans, discounts and advances 574 + 41 - 247 Float 645 -187 3 Total 25,308 + 20 +1,566 Gold stock 22,536 - 26 - 760 Treasury currency outstanding 4,845 + 1 + 104 Money in circulation 29,825 + 30 +1,115 Treasury cash holdings 1,284 + 2 2 Treasury deposits with F. R. Banks 355 +210 - 203 Foreign deposits with F. R. Banks 504 - 80 - 93 Other deposits with F. R. Banks 238 - 48 + 22 Other F. R. accounts (net) 777 - + 32 Member bank reserves 19,706 -118 + 39 Required reserves (estimated) 19,361 + 13 + 144 Excess reserves (estimated) 345 -131 - 105 Daily averages for period— Estimated excess reserves of member banks 472 -109 - 36 Member bank borrowings at F. R. Banks 617 -228 + 101 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,463 million, an increase of $99 million for the week and an increase of $773 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 27, May 20, May 28, 1953 1953 1952 A S S E TS Gold certificates 20,607,602 28,000 - 818,652 Redemption fund for F. R. notes 748,472 + 276 + 71,337 Total gold certificate reserves 27,724 - 747,315 Other cash 327,666 - 1,277 + 13,501 Discounts and advances 570,887 + Ul,072 - 245,419 Industrial loans 3,342 — 285 - 1,727 U. S, Government securities: Bought outright— Bills 671,754 + 72,000 + 589,754 Certificates 4,995,716 -6*491,090 Notes 13,773,671 —— +8,205,598 Bonds 4,521,975 - 613,848 Total bought outright 23,963,116 + 72,000 +1,690,414 Held under repurchase agreement 124,900 + 94,100 + 124,900 Total U. S. Government securities 24,088,016 + 166,100 +1,015,314 Total loans and securities 24,662,245 + 206,887 +1,568,168 Due from foreign banks 23 — 5 F« R. notes of other banks 148,995 + 792 + 10,066 Uncollected cash items 3,538,330 - 580,573 + 245,748 Bank premises 49,808 - 119 + 5,068 Other assets 240,621 + 10,247 + 36,940 TOTAL ASSETS 50,323,762 394,767 +1,132,171 L I A B I L I T I ES Federal Reserve notes 25,560,093 25,300 +1,044,309 Deposits: Member bank—reserve accounts 19,706,1*10 117,804 + 39,255 U. S. Treasurer—general account 354,578 209,875 - 203,552 Foreign 504,197 79,970 - 92,835 Other 238,248 48,126 + 22,391 Total deposits 20,803,433 36,025 - 234,741 Deferred availability cash items 2,892,874 393,604 + 248,648 Other liabilities and accrued dividends 22,533 2,356 + 3,564 TOTAL LIABILITIES 49,270,933 401,973 +1,061,780 C A P I T AL A C C O U N TS Capital paid in 257,767 89 + 14,226 Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 Other capital accounts 174,843 7,117 + 9,831 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,323,762 394,767 +1,132,171 Ratio of gold certificate reserves to deposit and F, R. note liabilities combined 46.1$ 2,4% Contingent liability on acceptances purchased for foreign correspondents 31,173 1,530 + 23,128 Industrial loan commitments 3,013 303 - 3,137 MATURITY DISTRIBUTION OF LOANS AND SECURTTTP.fi. MAY 27. 1951 (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 510,163 896 1,298,166 16 to 90 days 60,546 550 806,654 91 days to 1 year 178 1,747 12,279,775 Over 1 year to 5 years 149 6,914,164 Over 5 years to 10 years 1,374,400 Over 10 years 1,414,857 Digitized for F T RA o S t E a R l 570,887 173HT 24,088,016 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 27, 1953 H.4.1(b) (in thousands of dollars) A SS E T S Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Mpls, Kans.Cy. Dallas SanFran. Gold certificates 20,607,602 641,222 6,797,197 1153,292 1450,233 728,322 625,083 4378,555 525,699 301,661 921,224 518,973 2566,141 Rl!Tinoterd f°r 748:472 63,393 71,323 59,707 84,970 75,432 62,101 126,276 50,911 26,136 40,507 30,586 57,130 certificate 704,615 6,868,520 1212,999 1535,203 803,754 687,184 4504,831 576,610 327,797 961,731 549,559 2623,271 a i 3 5 6 i 0 7t s s r- — M SS ,$:S SSS 5S iS »£! S" Bffi Industrial loans 3,342 - - 2,781 - 20 424 ~ - u' U. S. Govt, securities: W M iiII11IIII # 1151111 il Held under repurchase — agreement 124,900 ~ 124,900 —* T"a«LritiLG°Ter'm'ent 24,088,016 1647,881 5,429,118 1501,026 2327,610 1713,027 1480,871 3495,426 1297,063 747,343 951,575 1156,963 2340,113 24,662,245 1690,777 5,536,847 1538,305 2371,170 1745,847 1538,589 3599,427 1313,624 776,348 987,632 1195,856 2367,823 @ -I ii il •! 1 'i 4 11 'g :1 il TOTAL ASSETS 50,323,762 2720,849 13,239,535 3021,649 4287,273 2897,926 2530,741 8810,944 2080,848 1214,444 2156,166 1947,014 5416,373 Digitized for FRASER 1/ After deducting #16,000 participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF' CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 27, 1953 (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 25,560,093 1574,668 5,632,927 1820,273 2370,752 1763,932 1363,417 4928,324 1176,828 639,384 1005,096 719,298 2565,194 Deposits: Member bank-reserve accts.19,706,410 799*459 6,103,628 $01,323 1497*858 806,672 896,942 3199*959 714,157 455*221 947*919 1014,206 2369,066 U.S.Treasurer-general acct. 354,578 544 345,874 522 513 585 966 516 536 518 521 1,162 2,321 Foreign 504,197 30,244 1/154,64l 37,185 4$,6l4 24,790 21,319 67,925 18,840 12,395 l8,84o 22,311 50,093 - ' - 4,120 2,605 1,077 943 7,853 927 917 981 29,256 Total deposits 20,803,433 833,751 6,789,278 939,960 1548,105 834,652 920,304 3269,343 741,386 469,061 968,197 1038,660 2450,736 Deferred avail, cash items 2,892,874 245,574 517,161 182,235 269,696 242,138 197,954 466,723 118,990 76,810 141,113 139,824 294,656 Other liabilities and accrued dividends 22,533 1,091 6,785 1,215 2,329 1,326 946 3,197 940 774488 880099 1,111 22,,003366 TOTAL LIABILITIES 49,278,933 2655,084 12,946,151 2943,683 4190,882 2842,048 2482,621 8667,587 2038,144 1186,003 2115,215 1898,893 5312,622 Capital paid in 257,767 13,807 81,327 17,482 24,674 11,187 10,897 32,972 8,917 5,787 9,799 12,908 28,010 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,l4o Other capital accounts 174,843 12,485 37,235 12,417 16,647 12,094 10,658 24,328 9,638 6,450 8,090 8,525 16,276 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,323,762 2720,849 13,239,535 3021,649 4287,273 2897,926 2530,741 8810,944 2080,848 1214,444 2156,166 1947,014 5416,373 Contingent liability on acceptances purchased , , „ . „ „ „, _ for foreign correspondents 31,173 1,902 2/9,195 2,338 2,868 1,559 1,340 4,271 1,185 779 1,185 1,403 3,1 8 Industrial loan commitments 3,013 — — 1,451 749 52 24 737 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,529,637 1633,459 5,856,551 1880,785 2447,142 1855,653 1430,885 5025,271 1229,240 654,437 1032,356 759,740 2724,118 Collateral for F.R. notes: Gold certificates 12,464,000 390,000 4,520,000 745,000 770,000 450,000 310,000 2700,000 280,000 145,000 280,000 174,000 1700,000 Eligible paper 302,046 42,316 93,326 33,785 —- 32,325 — 16,200 28,650 35,694 — 19,750 U. S. Govt, securities 14,800,000 1300,000 1,500,000 1200,000 1700,000 1450,000 1200,000 2400,000 1025,000 525,000 800,000 600,000 1100,000 Total collateral 27,566,046 1732,316 6,113,326 1978,785 2470,000 1932,325 1510,000 5100,000 1321,200 698,650 1115,694774,000 2819,750 1/ After deducting $349,539,000 participations of other Federal Reserve Banks. 2/ After deducting $21,978,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis