H.4.1 Factors Affecting Reserve Balances of Depository Institutions

H.4.1 BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) June 18, 1953• CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 17, Member bank reserves increased $790 million. The principal changes supplying reserves were an increase of $915 million in Reserve Bank credit and decreases of $33 million in Money in circulation and $13 million in Treasury cash holdings. The principal offsetting changes were increases of $79 million in Other deposits with Federal Reserve Banks, $56 million in Other F. R. accounts (net), and $11 million in Foreign deposits with Federal Reserve Banks, and a decrease of $24 million in Gold stock. The increase of $915 million in Reserve Bank credit resulted from increases of $567 million in Float and $522 million in U. S. Government securities bought outright, and decreases of $169 million in Loans, discounts and advances and $5 million in U. S. Government securities held under repurchase agreement. Holdings of U. S Government securities bought outright reflected increases of $372 million in certificates and $150 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 17, June 10, June 18 and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 25,154 +522 +2,241 Held under repurchase agreement - 5 - 84 Loans, discounts and advances 289 -169 - 257 Float 1,213 +567 - 72 Total 26,656 +915 +1,828 Gold stock 22,513 - 24 - 784 Treasury currency outstanding 4,851 + 1 + 100 Money in circulation 29,970 - 33 +1,183 Treasury cash holdings 1,276 - 13 10 Treasury deposits with F. R. Banks 8 + 2 1 Foreign deposits with F. R. Banks 598 + 11 2 Other deposits with F.R. Banks 252 + 79 + 84 Other F. R. accounts (net) 958 + 56 + 164 Member bank reserves 20,958 +790 - 274 Required reserves (estimated) 19,712 +291 - 24 Excess reserves (estimated) 1,246 +499 - 250 Daily averages for period-- Estimated excess reserves of member banks 966 +253 + 183 Member bank borrowings at F. R. Banks 394 -149 + 101 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,447 million, a decrease of $2 million for the week and an increase of $725 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4;l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since June 17, June 10, June 18, 1953 1953 1952 A S S E TS . Gold certificates 20,545,601 30,002 870,652 Redemption fund for F. R. notes 790,826 + 12,143 + 109,48? Total gold certificate reserves 21,336,427 - 17,859 - 761,165 Other cash ™* 317,361 + 10,451 + 290 Discounts and advances 286,075 - 168,024 - 255,332 Industrial loans 3,204 237 1,526 - - U. S. Government securities: Bought outright-- Bills 1,039,754 + 150,000 4- 945,754 Certificates: Special 823,000 + 372,000 + 410,000 Other 4,995,716 6,707,100 — — - Notes 13,773,671 + 8,205,598 - - Bonds 4,521,975 613,848 — — - Total bought outright 25,154,116 + 522,000 + 2,240,404 Held under repurchase agreement 5,000 83,500 -- - - Total U. S. Government securities 25,154,116 + 517,000 + 2,156,904 Total loans and securities 25,443,395 + 348,739 + 1,900,046 Due from foreign banks 23 -- • 5 F. R. notes of other banks 144,342 4* 4,981 8,191 - Uncollected cash items 5,406,171 + 1,963,319 + 358,405 Bank premises 49,946 + 112 4- 4,946 Other assets 81,117 49,339 93,520 - - TOTAL ASSETS 52,778,782 + 2,260,404 + 1,400,806 L I A B I L I T I ES Federal Reserve notes 25,680,149 25,223 + - Deposits: Member bank--reserve accounts U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T AL A C C O U N TS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments H O O- O- OC 20,958,086 + 789,861 - 273,531 7,929 + 1,921 1,250 - 598,406 + 11,095 - 1,375 251,879 + 78,861 + 83,403 21,816,300 + 881,738 - 192,753 4,193,492 + 1,397,020 + 430,265 21,909 524 + 2,796 - 51,711,850 + 2,253,011 + 1,328,086 258,241 + 258 + 13,560 584,676 — — + 46,334 27,543 - — — — 196,472 + 7,135 + 12,826 52,778,782 + 2,260,404 + 1,400,806 44.9fo - .9% - 2.51o 28,542 - 1,019 + 20,407 3,199 + 348 3,226 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 17, 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 261,659 1,094 843,000 l6 to 90 days 24,237 707 91 days to 1 year 179 1,260 Over 1 year to 5 years 143 6791-47-164" ii-i Over 5 years to 10 years 1,374,400 Over 10 years -- 1,414,857 Total 286,075 3,204 25,154,116 _ Digitized for FRASER ~^Y) JUA) \ http://fraser.stlouisfed.org/ to i. Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE If, 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 20,545,601 721,42? 6,280,043 1235,446 1520,988 767,429 607,647 4428,153 546,606 301,920 926,739 493,532 2715,671 Redemption fund for F. R. notes 790,826 64,923 109,575 58,836 84,377 81,356 61,688 125,673 50,725 26,062 40,385 30,431 56,795 Total sold certificate reserves 21,336,427 786,350 6,389,618 1294,282 1605,365 848,785 669,335 4553,826 597,331 327,982 967,124 523,963 2772,466 Other cash 317,361 2l,0l4 56,303 19,976 26,715 16,417 26,976 68,335 16,215 5,749 11,134 13,561 34,966 Discounts and advances 286,075 15,271 33,244 23,443 11,750 25,035 52,708 61,831 1,886 8,763 22,118 23,001 7,025 Industrial loans 3,204 -- -- 2,572 — 20 497 — — 115 U. S. Govt, securities: B°Bills°UtrlSht" 1,039,754 76,071 225,174 65,129 100,994 74,328 65,506 151,202 56,381 32,329 41,289 50,201 101,150 Certificates 5,818,716 365,547 1,904,853 312,927 485,249 357,123 314,790 726,492 270,893 155,282 198,379 241,198 485,983 Notes 13,773,671 1007,847 2,982,770 862,769 1337,878 984,625 867,906 2003,009 746,877 428,127 546,953 665,007 1339,903 Bonds 4,521,975 330,882 979,261 283,252 439,233 323,258 284,939 657,599 245,204 140,556 179,568 218,325 439,898 Total 25,154,116 1760,3^7 6,092,056 1524,077 2363,35^ 1739,334 1533,141 3538,302 1319,355 756,294 966,189 1174,731 2366,934 Held under repurchase agreement -- — -- " " " " ]] ]] " Total U. S. Government , , . , „„ securities 25,154,116 1780,34? 6,092,058 1524,077 2363,354 1739,334 1533,141 3538,302 1319,355 756,294 966,189 1174,731 2366,934 T°securitie aPd 25,443,395 1795,618 6,125,302 1550,092 2375,104 1764,389 1586,346 3600,133 1321,241 765,172 988,307 1197,732 2373,959 3 SS£33£"*rS JW »sf«« si si M M jd M £& Bank premises 49,946 5,-043 7,i64 4,244 4,588 4,885 3,673 6,774 2,935 1,040 2,191 615 6,794 other assets 81,117 6,137 17,004 4,924 7,808 5,821 5,766 11,118 3,968 2,4li 3,988 4,405 7,767 TOTAL ASSETS 52,778,782 2948,482 13,928,970 3235,506 4496,429 3015,350 2630,411 9253,406 2185,841 1246,548 2221,664 1937,447 5678,728 Digitized for FRASER l/ After deducting $l6,000 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 JUNE 1?, 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 SariFran. Federal Reserve notes 25,680,149 1594,124 5,648,877 1829,284 2377,137 1765,284 1368,227 4 53,572 1177,243 639,264 1007,894 725,205 2594,038 9 DMember8bank-reserve ac-cts . g20,9 58*,086g 918 ,6^86 16,6916,442 9 29«,774 *15983,215 8?70,6l49 9•15,:24!1 3412,175 7 32t,3z41 4-43,a9% 9?67,l884 9s68,S82925 03,865 Other M 1881 8:8? !S:SS M 8i:S Total deposits Deferred avail. cash items Other liabilities and 21,909 1,226 6,161 1,532 2,213 1,260 1,093 3,l6o 872 597 744 1,104 1,947 accrued dividends ,l := 5— 1IS IS "IS "II 'II iS 1;g IS "SI 11 IS iE "If ass ^ as as ^ T0^IT™BACCOLTOSAm) =2,778,762 2948,482 13,928,970 3235,506 4496,429 3015,350 2630,411 9253,406 2185,841 1246,548 2221,664 1937,447 5678,728 Contingent liability on ?ore£5ilgn corespondents 28,542 1,741 2/8,426 2,l4o 2,625 1,427 1,227 3,909 1,084 713 1,084 1,284 2 882 Industrial loan commitments 3,199 1,644 749 52 23 73 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,601,283 1651,105 5,847,859 1884,148 24,2,270 1848,709 1436,744 5048,337 1221,997 6)4,024 1040,531 764,895 2750,664 C°GoUecertSic^« 11,874,000 390,000 3,920,000 745,000 770,000 450,000 310,000 2700,000 280,000 145,000 280,000 184,000 1700,000 Eligible n&ner 121,220 14,692 27,766 22,730 24,$60 1,525 8,525 21,757 l,oo5 U'Totai°coilaterIltieS 1924 ^60 1510^000 ^lOoiooH^j^ 67^525 1101^757 7^ 000 2801^55 1/ After deducting $419,052,000 participations of other Federal Reserve Banks. 2/ After deducting $20,116,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis