H.4.1 Factors Affecting Reserve Balances of Depository Institutions

H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Fbr immediate Release) June 11, 1953. CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 10, Member bank reserves increased $439 million. The principal changes supplying reserves were an increase of $323 million in Reserve Bank credit and decreases of $131 million in Treasury deposits with Federal Reserve Banks and $80 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were increases of $67 million in Foreign deposits with Federal Reserve Banks and $23 million in Money in circulation. The increase of $323 million in Reserve Bank credit resulted from an increase of $561 million in U. S. Government securities bought outright and decreases of $139 million in Float, $53 million in Loans, discounts and advances, and $4$ million in U. S. Government securities held under repurchase agreement. Holdings of U. S. Government securities bought outright reflected increases of $4$1 million in certificates and $110 million in bills. The increase in certificates represented a like amount of special certificates issued to the Federal Reserve Banks. Change since Member Bank Reserves June 10, June 3, June 11 and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 24,632 +561 +2,359 Held under repurchase agreement 5 - 45 - 214 ' Loans, discounts and advances 458 - 53 - 381 Float 646 -139 - 152 Total 25,741 +323 +1,613 Gold stock 22,537 + 1 - 760 Treasury currency outstanding 4,850 + 1 + 100 Money in circulation 30,003 + 23 +1,173 Treasury cash holdings 1,289 + 7 + 5 Treasury deposits with F. R. Banks 6 -131 - 501 Foreign deposits with F. R. Banks 587 + 67 - 36 Other deposits with F, R. Banks 173 - 80 - 38 Other F. R. accounts (net) 902 + 160 Member bank reserves 20,168 +439 + 190 Required reserves (estimated) 19,421 +160 + 195 Excess reserves (estimated) 747 +279 5 Daily averages for period- Estimated excess reserves of member banks 713 +I65 + 57 Member bank borrowings at F. R. Banks 543 - 81 - 303 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,449 million, a decrease of $23 million for the week and an increase of $745 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 June 10, June 3, June 11, 1953 1953 1952 A S S E TS Gold certificates 31,998 843,649 + 98,888 + 34,380 Redemption fund for F. R, notes Total gold certificate reserves 21,35^206 + 2 , 3 02 - 744,761 306,910 5,902 6,188 Other cash Discounts and advances 454,099 53,342 - 379,512 Industrial loans 3,441 82 1,596 U. S. Government securities: Bought outright— Bills 889,754 110,000 + 807,754 Certificates: 451,000 451,000 + 451,000 Special Other 4,995,716 - 6,491,090 Notes 13,773,671 + 8,205,598 - 613,848 Bonds + 561,000 + 2,359,414 Total bought outright Held under repurchase agreement 5,000 45,250 - 214,200 Total U. S. Government securities 24,637,116 + 515,750 ±_&145,214 Total loans and securities 25,094,656 +462,326 + 1,764,106 Due from foreign banks 23 5 F. R. notes of other banks 139,361 + 8,093 3,243 - 100,187 Uncollected cash items 3,442,852 - 162,055 Bank premises 49,834 + 88 + 4,898 Other assets 130,456 + 9,190 89,784 TOTAL ASSETS 50,518,370 + 314,122 + 024^036 L I A B I L I T I ES federal Reserve notes 25,705,372 + 32,951 + 1,083,569 Deposits: Member bank--reserve accounts 20,168,225 438,853 + 189,961 U. S. Treasurer--general account 6,008 131,346 - 500,795 Foreign 587,311 67,192 35,803 Other 173,018 79,843 Total deposits 20,934,562 294,056 Deferred availability cash items 2,796,472 23,142 + 51,248 Other liabilities and accrued dividends 22,433 1,741 + 2,579 TOTAL LIABILITIES 49,450,039 306,406 + 753,022 C A P I T AL A C C O U N TS Capital paid in ' 257,983 66 + 13,854 Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 7,650 + 11,626 Other capital accounts 189,337 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,51^370 314^122 + 024,036 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.8% .3# 2.3# Contingent liability on acceptances purchased for foreign correspondents 29,561 + 1,022 + 21,427 Industrial loan commitments 2,851 + 36 - 3,292 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JUNE 10, 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 411,040 57TOO— 16 to 90 days 42,077 1,370 1,511,154 91 days to 1 year 182 1,528 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 Total 454,099 3,441 24,637,116 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENTW COmi'l'lUti Of %'HE FEDtititiL RESERVE BANK SOW JUKE 10, 1953 (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 20,575,603 620,557 6,355,135 1203,324 1519,544 749,868 631,679 4480,229 565,092 301,739 909,929 508,669 2729,838 Redemption fund for F. R. notes 778,683 65,020 95,137 59,036 84,525 82,747 61,789 125,817 50,768 26,079 4o,4l4 30,467 56,884 Total gold certificate reserves 21,354,286 685,577 6,450,272 1262,360 1604,069 832,615 693,468 4606,046 615,860 327,818 950,343 539,136 2786,722 Other cash 306,910 21,210 56,5^8 18,879 22,394 15,668 27,805 65,261 15,105 6,702 10,471 13,449 33,4l8 Discounts and advances 454,099 24,904 102,744 26,772 35,450 28,410 50,006 83,4l6 2,036 10,863 46,622 38,851 4,025 Industrial loans 3,441 ~ 2,923 — 20 382 — — 116 U. S. Govt, securities: Bought outright-- Bills 889,754 - 277,952 55,733 86,424 63,605 5,300 148,372 48,247 27,789 35,332 42,958 98,042 Certificates 5,446,716 374,813 1,519,138 312,927 485,249 357,123 326,140 721,218 270,893 156,027 198,379 241,198 483,611 %°tes 13,773,671 1033,383 2,944,921 862,769 1337,878 984,625 899,200 1988,491 746,877 430,179 546,953 665,007 1333,388 Bonds 4,521,975 339,266 966,834 283,252 439,233 323,258 295,213 652,833 245,204 l4l,230 179,568 218,325 437,759 Total 24,632,116 1747,462 5,708,045 1514,601 234b,784 1720,611 1525,653 3510,914 1311,221 755,225 960,232 1167,400 2352,000 Held under repurchase agreement 5,000 •• 5,000 •• ~ ** —— •— — — —• —— — — — — — — —— Total U. S. Government securities 24,637,116 1747,462 5,713,845 1514,681 2348,784 1728,611 1525,853 3510,914 1311,221 755,225 960,232 1167,488 2352,800 Total loans and securities 25,094,656 1772,366 5,816,589 1544,376 2384,234 1757,04l 1576,241 3594,330 1313,257 766,204 1006,854 1206,339 2356,825 Due from foreign banks 23 l l /7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 139,361 3,777 22,119 9,029 7,723 17,055 19,575 15,386 8,838 5,230 6,042 7,284 17,303 Uncollected cash items 3,442,852 257,725 661,235 215,751 276,869 302,602 243,002 540,764 164,812 98,44? 183,101 158,131 340,413 Bank premises 49,834 5,043 7,164 4,128 4,592 4,885 3,673 6,774 2,935 1,040 2,191 615 6,794 Other assets 130,456 9,865 27,365 7,988 12,653 9,456 9,099 18,450 6,623 3,936 5,973 6,675 12,373 TOTAL ASSETS 50,518,378 2755,564 13,041,299 3062,513 4312,536 2939,323 2572,864 8847,014 2127,431 1209,378 2164,976 1931,630 5553,850 l/ After deducting $16,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4. 1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 10, 1953 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Gleve. Rich. Atlanta Chicago St. Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,705,372 1587,781 5,644,662 1827,166 2380,261 1771,823 1375,244 4949,254 1181,423 640,882 1012,484 731,630 2602,762 Deposits: Member bank-reserve accts.20,168,225 831,187 6,318,780 926,707 1550,522 834,458 916,919 3215,626 742,781 441,533 948,759 984,307 2456,646 U.S.Treasurer-general acct. 6,008 536 269 651 535 296 484 523 544 505 527 472 666 Foreign 587,311 35,526 1/176,702 43,680 53,581 29,120 25,043 79,789 22,131 14,560 22,131 26,208 58,840 Other 173,018 4,195 113,607 1,912 4,814 5,072 1,216 698 7,371 955 870 Total deposits 20,934,562 871,444 6,609,358 972,950 1609,452 868,946 943,662 3296,636 772,827 457,553 972,287 1011,611 2547,836 Deferred avail. cash items 2,796,472 228,425 483,839 182,278 222,591 240,350 203,967 452,418 128,772 81,283 137,826 138,523 296,200 Other liabilities and accrued dividends 22,433 1,234 6,645 1,241 2,410 1,282 952 3,258 930 772 776 965 1,968 TOTAL LIABILITIES 49,458,839 2688,884 12,744,504 2983,635 4214,714 2882,401 2523,825 8701,566 2083,952 1180,490 2123,373 1882,729 5448,766 Capital paid in 257,983 13,801 8l,34l 17,493 24,660 11,235 10,898 32,992 8,920 5,787 9,862 12,983 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,l4o Other capital accounts 189,337 13,406 40,632 13,318 18,092 13,090 11,576 26,399 10,410 6,897. 8,679 9,230 17,608 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,518,378 2755,564 13,041,299 3062,513 4312,536 2939,323 2572,864 8847,014 2127,431 1209,378 2164,976 1931,630 5553,850 Contingent liability on acceptances purchased for foreign correspondents 29,561 1,796 2/8,803 2,208 2,709 1,472 1,266 4,034 1,119 736 1,119 1,325 2,974 Industrial loan commitments 2,851 — - - - - 1,296 749 52 - - - 23 --- - - - 731 --- - - - FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,588,713 1645,711 5,847,534 1881,111 2445,991 1855,334 1438,026 5045,402 1227,879 654,893 1040,096 766,270 2740,466 Collateral for F.R. notes: Gold certificates 12,174,000 390,000 4,220,000 745,000 770,000 450,000 310,000 2700,000 280,000 145,000 280,000 184,000 1700,000 Eligible paper 219,087 24,325 80,541 26,060 — 27,935 — — 1,675 10,625 46,261 —- 1,665 U. S. Govt, securities 15,100,000 1300,000 1,800,000 1200,000 1700,000 1450,000 1200,000 2400,000 1025,000 525,000 800,000 600,000 1100,000 Total collateral 27,493,087 1714,325 6,100,541 1971,060 2470,000 1927,935 1510,000 5100,000 1306,675 680,625 1126,261 784,000 2801,665 1/ After deducting $410,592,000 participations of other Federal Reserve Banks. 2/ After deducting $20,758,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis