H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) June 4, 1953• CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 3> Member bank reserves increased $23 million. The principal changes supplying reserves were a decrease of $218 million in Treasury deposits with Federal Reserve Banks and an increase of $110 million in Reserve Bank credit. The principal offsetting changes were increases of $155 million in Money in circulation, $125 million in Other F. R. accounts (net), $16 million in Foreign deposits with Federal Reserve Banks, and $15 million in Other deposits with Federal Reserve Banks. The increase of $110 million in Reserve Bank credit resulted from increases of $140 million in Float and $108 million in U. S. Government securities bought outright, and decreases of $75 million in U. S. Government securities held under repurchase agreement and $63 million in Loans, discounts and advances. Holdings of U. S. Government securities bought outright reflected an increase of $108 million in bills. Change since Member Bank Reserves June 3, May 27, June 4, and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 24,071 +108 +1,798 Held under repurchase agreement 50 - 75 - 55 Loans, discounts and advances 511 - 63 - 419 Float 785 +140 + 15 Total 25,418 +110 +1,339 Gold stock 22,536 - 760 - - Treasury currency outstanding 4,849 + 4 + 102 Money in circulation 29,980 +155 +1,138 Treasury cash holdings 1,282 - 2 - — Treasury deposits w^th F. R. Banks 137 -218 - 390 Foreign deposits with F. R. Banks 520 + 16 - 88 Other deposits with F. R. Banks 253 + 15 + 37 Other F. R. accounts (net) 902 +125 + 160 Member bank reserves 19,729 + 23 - 177 Required reserves (estimated) 19,261 -100 + 54 Excess reserves (estimated) 468 +123 - 231 Daily averages for period— Estimated excess reserves of member banks 548 + 76 46 Member bank borrowings at F. R. Banks 624 + 7 - 302 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,472 million, an increase of $9 million for the week and an increase of $780 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.it.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars)- Change since June 3 s May 27, June U, 1953 1953 1952 A S S E TS Gold certificates 20,607,601 1 - 818,653 Redemption fund for F, R. notes 744,303 I -"J ON + 68,726 Total gold certificate reserves 21,351,904 - 4,170 - 749,927 Other cash 312,812 - 14,854 + 3,908 Discounts and advances 507,441 - 63,446 - 418,395 Industrial loans 3,523 + 181 - 1,125 U. S. Government securities: Bought outright— Bills 779,754 4-108,000 + 669977,,775544 Certificates 4,995,716 —— -6,491,090 Notes 13,773,671 —- +8,20$,$98 Bonds 4,521,975 613,848 Total bought outright 24,071,116 +100,000 +1,790,414 Held under repurchase agreement 50,250 - 74,650 - 55,250 Total U. S, Government securities 24,121,366 + 33,350 +1,743,164 Total loans and securities 24,632,330 - 29,915 +1,323,644 Due from foreign banks 23 — - 5 F. R. notes of other banks 131,268 - 17,727 5,850 - Uncollected cash items 3,604,907 + 66,577 + 87,708 Back premises 49,746 62 + 4,921 Other assets 121,266 -119,355 90,590 - TOTAL ASSETS 50,204,256 -119,506 + 573,809 L I A B I L I T I ES Federal Reserve notes 2255,,667722,,442211 +112,328 +1,044,377 Deposits: Member bank—reserve accounts 19,729,372 + 22,962 - 176,739 U. S. Treasurer—general account 137,354 -217,224 - 389,775 Foreign 520,119 + 15,922 - 87,463 Other 252,861 + 14,613 + 37,143 Total deposits 20,639, 706 -163,727 616,834 - Deferred availability cash items 2,819,614 - 73,260 + 72,808 Other liabilities and accrued dividends 20,692 - 1,841 + 2,701 TOTAL LIABILITIES 49,152,433 -126,500 + 503,052 C A P I T AL A C C O U N TS Capital paid in 257,917 + 150 + 14,060 Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 —— Other capital accounts 181,687 + 6,844 + 10,363 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,204,256 -119,506 + 573,809 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.1 % 2.1$ — — - Contingent liability on acceptances purchased for foreign correspondents 28,539 ~ 2,634 + 20,489 Industrial loan commitments 2,815 198 3,775 — MATURITY DISTRIBUTION OF LOANS AND SECURITIES , JUNE 3, 1953 within 15 days in accordance with maximum maturity of the agreements.) Discounts and Industrial U.S. Government advances loans securities Within 15 days 41+9,038 443 65,250 16 to 90 days 58,228 1,437 935,15U 91 days to 1 year 175 1,500 13,417,541 Over 1 year to 5 years 143 6,914,164 Over 5 years to 10 years 1,374,400 Over 10 years 1,414,857 Digitized for FRTASoEtRa l '507,441 3,523 24,121,366 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 3, 1953 H.4,i(b) (In thousands of dollars) a s s e ts Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St, Ix>uis Mpls. Kans.Cy. Dallas SariFran, Gold certificates 20,607,601 630,519 6,781,398 1165,888 1432,831 725,321 628,738 4353,259 526,842 305,000 902,765 506,408 2648,632 Redemption fund for F. R. notes 744,303 63,156 70,603 59,307 84,683 73,763 61,914 125,999 50,830 26,106 4o,448 30,510 56,984 Total gold certificate reserves' 21,351,904 693,675 6,852,001 1225,195 1517,514 799,084 690,652 4479,258 577,672 331,106 943,213 536,918 2705,616 Other cash 312,812 22,068 55,925 19,219 2 5,314 16,781 26,903 66,332 15,965 6,292 9,419 14,700 33,894 Discounts and advances 507,441 27,618 87,539 31,733 24,015 44,740 38,256 136,156 5,061 20,633 37,272 40,993 13,425 Industrial loans 3,523 2,961 20 426 116 U. S. Govt, securities: ! Bought outright- Bills 779,754 250,070 48,843 75,740 55,742 2,612 124,763 42,282 23,415 30,964 37,647 87,676 Certificates 4,995,716 366,019 1,072,434 312,927 485,249 357,123 324,652 725,513 270,893 156,027 198,379 241,198 485*302 Notes 13,773,671 1009,142 2,956,766 862,769 1337,878 984,625 895,110 2000,336 746,877 430,179 546,953 665,007 1338,029 Bonds 4,521,97 5 331,307 970,723 283,252 439,233 323,258 293,870 656,722 245,204 141,230 n 1 c 7 c 9 , q 5 a 6 I 8 , 1 2 1 1 8 A , O 3 1 2 r 5 7r 7 4 Q 3 7 9 C , A 2 8 O 3 Q fS Total Held under repurchase agreement 50,250 - 50,250 T°securitiesGOVernm9nt 24,121,366 1706,468 5,300,243 1507,791 2338,100 1720,748 1516,244 3507,334 1305,256 750,851 955,864 1162,177 2350,290 securities' 24,632,330 1734,086 5,387,782 1542,485 2362,115 1765,508 1554,926 3643,490 1310,317 771,600 993,136 1203,170 2363,715 Due from foreign banks 23 1 l/ 1 2 2 1 1 3 1 1 * * J: ^ ^ 4h " 41 332 A° fcgg A SS il::: 2:52 fcS TOTAL ASSETS 50,204,256 2713,321 13,010,497 3016,054 4278,005 2929*799 2549,991 8850,097 2092,505 1215,619 2134,967 1941,105 5472,296 l/ After deducting $16,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS' OIT JUHE 3, 1953 (In thousands of dollars} L I A B I LI T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,672,421 1581,739 5,652,320 1823,860 2370,397 1770,629 1375,917 4945,582 1183,034 640,286 1011,949 732,171 2584,537 Deposits: Member "bank-reserve accts. 19,729,372 802,758 6,158,247 892,878 1488,519 801,102 889,304 3214,838 710,585 451,938 918,286 985,083 2415,834 U.S.Treasurer-general acct. 137,354 1,156 118,359 895 561 9,318 954 501 556 1,296 1,440 574 1,744 Foreign 520,119 31,543 1/157,570 38,783 47,573 24,790 22,235 70,843 19,650 12,927 19,650 22,311 52,244 Other 252,861 7,699 139,773 8,188 14,260 6,255 8,726 10,409 13,996 1,686 7,123 923 33,823 Total deposits 20,639,706 843,156 6,573,949 940,744 1550,913 841,465 921,219 3296,591 744,787 467,847 946,499 1008,891 2503,645 Deferred avail, cash items 2,819,614 221,202 483,108 171,834 257,146 260,201 203,404 460,458 120,804 78,267 134,530 150,711 277,949 Other liabilities and accrued dividends 20,692 1,162 5,884 1,193 2,439 1,164 874 3,097 848 596 744 869 1,822 TOTAL LIABILITIES 49,152,433 2647,259 12,715,261 2937,631 4180,895 2673,459 2501,414 6705,728 5049,473 1186,996 2093,722 1892,642 5367,953 Capital paid in 257,917 13,807 81,337 17,492 24,674 11,189 10,898 32,976 8,918 5,787 9,860 12,968 28,011 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 181,687 12,782 39,077 12,864 17,366 12,554 11,114 25,336 9,965 6,632 8,323 8,807 16,867 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,204,256 2713,321 13,010,497 3016,054 4278,005 2929,799 2549,991 8850,097 2098,5©5 1215,619 2134,967 1941,105 5472,296 Contingent liability on acceptances purchased for foreign correspondents 28,790 1,741 2/8,421 2,l4o 2,625 1,559 1,227 3,910 1,084 714 1,084 1,403 2,882 Industrial loan commitments 2,815 --- 1,259 749 52 — 24 731 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,533,136 1627,524 5,858,164 1872,216 2445,425 1848,072 1434,223 5037,636 1230,284 653,955 1036,557 762,316 2726,764 Collateral for F.R. notes: Gold certificates 12,464,000 390,000 4,520,000 745,000 77707,00,00000 445500,,000000 331100,,000000 22770000,,000000 280,000 145,000 280,000 174,000 1700,000 Eligible paper 230,079 27,039 62,286 31,020 —- 44,265 — —- - 4,700 20,395 36,909 3,465 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 27,494,079 1717,039 6,082,286 1976,020 2470,000 1944,265 1510,000 5100,000 1309,700 690,395 1116,909 774,000 2803,465 1/ After deducting $362,532,000 participations of other Federal Reserve Banks. 2/ After deducting $20,369,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis