H.4.1 Factors Affecting Reserve Balances of Depository Institutions

H.4.1 BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM (For Immediate Release) June 25, 1953* CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended June 24, Member bank reserves decreased $785 million. The principal changes reducing reserves were decreases of $880 million in Reserve Bank credit and $26 million in Gold stock, and an increase of $17 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $94 million in Other deposits with Federal Reserve Banks and $4l million in Money in circulation. The decrease of $880 million in Reserve Bank credit resulted from decreases of $59^ million in Float and $317 million in U. S. Government securities bought outright, and an increase of $31 millio nin Loans, discounts and advances. Holdings of U. S. Government securities bought outright reflected a decrease of $527 millio nin certificates and an increase of $210 million in bills. The decrease in certificates represented a like amount of special certificates issued to the Federal Reserve Banks. Change since Member Bank Reserves June 24, June 17, June 25 and Related Items 1953 1953 1952 ) (In millions of dollars Reserve Bank credit: U. S. Government securities — Bought outright 24,837 -317 +2! ,273 Held under repurchase agreement -- - - — - Loans, discounts and advances 320 + 31 9 Float 619 -594 - 258 Total 25,776 -880 4-2, 023 Gold stock 22,487 - 26 - 859 Treasury currency outstanding 4,851 - + 99 Money in circulation 29,929 - 41 +1, 115 Treasury cash holdings 1,272 - k - 18 Treasury deposits with F. R. Banks 8 - 126 -— Foreign deposits with F. R. Banks 615 +17 + 20 Other deposits with F. R. Banks 158 - 94 'W 60 Other F. R. account s(net) 960 + 2 + 167 Member bank reserves 20,173 -785 + 167 Required reserves (estimated) 19,561 -151 60 Excess reserves (estimated) 612 -634 + 227 Daily averages for period-- Estimated excess reserves of member banks 1,187 +221 + 487 Member bank borrowings at F. R. Banks 281 -113 4- 90 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,477 million, an increase of $30 million for the week and an increase of $752 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 FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since June 24, June 17, June 25, 1953 1953 1952 AA SS SS EE TT SS Gold certificates 20,522,103 23,498 - 932,147 Redemption fund for F. R. notes 790,629 197 + 99,814 Total gold certificate reserves 21,312,732 23,695 - 832,333 Other cash 325,994 + 8,633 + 7,718 Discounts and advances 316,554 + 30,479 + 9,997 Industrial loans 3,029 175 1,891 U. S. Government securities: Bought outright-- Bills 1,249,754 + 210,000 + 1,167,754 Certificates: Special 296,000 - 527,000 + 296,000 Other 4,995,716 - 6,782,500 Notes 13,773,671 + 8,205,598 Bonds 4,521,975 613,848 Total bought outright 24,837,116 - 317,000 + 2,273,004 Held under repurchase agreement Total loans and securities 25,156,699 -286,696 + 2,281,110 Due from foreign banks 23 . 5 F. R. notes of other banks 151,179 + 6,837 6,195 Uncollected cash items 4,380,867 - 1,025,304 + 289,471 Bank premises 49,919 27 + 4,960 Other assets 89,712 + 8,595 94,220 TOTAL ASSETS 51,467,125 - 1,311,657 + 1,650,506 L I A B I L I T I ES Federal Reserve notes 25,652,222 27,927 + 1,024,920 Deposits: Member bank--reserve accounts 20,172,542 - 785,544 166,717 U. S. Treasurer--general account 8,309 + 380 125,794 Foreign 614,786 + 16,380 19,306 Other 157,525 94,354 60,572 Total deposits 20,953,162 :863,135 343 Deferred availability cash items 3,761,894 - 431,598 + 547,789 Other liabilities and accrued dividends 24,409 + 2,500 + 3,180 TOTAL LIABILITIES 50,391,687 - 1,320,163 + 1,575,546 C A P I T AL A C C O U N TS Capital paid in 259,417 1,176 + 14,427 Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 Other capital accounts 203,802 + 7,330 + 14,199 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,467,125 - 1,311,657 + 1,650,506 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 45. 2.9% Contingent liability on acceptances purchased for foreign correspondents 28,388 154 + 20,290 Industrial loan commitments 3,385 186 - 3,065 * MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JUNE 24, 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 295,970 955 429,500 l6 to 90 days 20,405 742 2,142,479* 91 days to 1 year 179 1,198 13,023,616* Over 1 year to 5 years l4l 6,452,264* Over 5 years to 10 years 1,374,400 Over 10 years 1,414,857 Total 316,55% 3,029 24,837,115 * Last week's figure sfor these groups revised to 2,045,979, 13,023,6l6 and Digitized for F'R6A,S4E5R2 ,264, respectively. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANK ON JUNE 24, 1953 H.U.l(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 20,522,103 636,684 6,630,172 1164,936 1500,454 728,117 623,387 4340,503 530,805 293,612 899,840 489,699 2683,894 Redemption fund for F. R. notes 790,629 64,907 109,508 58,826 84,354 81,348 61,674 125,650 50,719 26,058 40,382 30,428 56,775 Total gold certificate reserves 21,312,732 701,591 6,739,680 1223,762 1584,808 809,465 685,061 4466,153 581,524 319,670 940,222 520,127 2740,669 Other cash 325,994 22,168 56,267 19,434 24,216 17,378 30,430 70,089 18,335 6,159 11,794 13,679 36,045 Discounts and advances 316,554 12,673 56,024 35,090 22,930 20,348 24,618 68,821 6,911 6,438 14,825 40,651 7,225 Industrial loans 3,029 2,404 20 490 115 U. S. Govt, securities: Bought outright— Bills 1,249,754 89,471 270,413 78,283 121,392 89,340 76,948 185,595 67,768 39,032 49,628 60,340 121,544 Certificates 5,291,716 357,674 1,376,888 312,927 485,249 357,123 307,631 741,874 270,893 156,026 198,379 241,198 485,854 Notes 13,773,671 986,139 2,980,113 862,769 1337,878 984,625 848,169 2045,417 746,877 430,180 546,953 665,007 1339,544 Bonds 4,521,975 323,755 978,388 283,252 439,233 323,258 278,459 671,523 245,204 141,230 179,568 218,325 439,780 Total 24,837,116 1757,039 5,605,802 1537,231 2303,752 1754,346 1511,20 73644,409 1330,742 766^468 974,528 1184,870 2386,722 Held under repurchase agreement Total U. S. Government securities 24,837,116 1757,039 5,605,802 1537,231 2383,75 21754,346 1511,207 3644,409 1330,742 766,468 974,528 1184,870 2386,722 Total loans and securities 25,156,699 l?69,712 5,661,826 1574,725 2406,682 1774,714 1536,315 3713,230 1337,653 773,021 989,353 1225,521 2393,947 Due from foreign banks 23 1 l/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other hank s151,179 2,736 23,905 10,619 8,007 18,301 17,336 17,805 8,465 6,813 9,264 7,539 20,389 Uncollected cash items 4,380,867 307,669 927,638 258,833 433,729 441,917 273,791 650,207 171,759 101,271 198,756 222,474 392,823 Bank premises 49,919 5,043 • 7,l64 4,239 4,581 4,856 3,669 6,774 2,935 1,040 2,191 615 6,812 other assets 89,712 6,743 18,772 5,28l 8,771 6,263 6,229 12,613 4,465 2,743 4,329 4,860 8,643 TOTAL ASSETS 51,467,125 2815,663 13,435,259 3096,895 4470,796 3072,895 2552,832 8936,874 2125,137 1210,718 2155,910 1994,816 5599,330 Digitized for FRASER l/ After deducting $16,000 participation sof other Federa lReserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.1(c) STATEMENT OF CONDITION OF THE FEDERA LRESERVE BARKS ON JUNE 24, 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 25,652,222 1597,623 5,640,034 1826,620 2385,805 1763,207 1360,176 4951,339 1172,5206 36,727 1003,670 722,331 2592,170 Deposits: Member bank-reserve accts.2 0,172,542 841,638 6,449,239 915,795 1522,334 824,352 876,307 3209,762 715,490 439,134 926,761 973,637 2478,093 U.S.Treasurer-general acct, 8,309 598 750 326 525 537 538 551 555 517 506 567 2,339 Foreign 614,786 37,173 1/185,142 45,705 56,065 30,470 26,204 83,488 23,157 15,235 23,157 27,423 61,567 Other 157,525 4,428 105,230 1,568 3,424 1,403 762 960 7,282 1,328 212 458 30,470 Total deposits 20,953,162 883,837 6,740,361 963,394 1582,348 856,762 903,811 3294,761 746,484 456,214 950,636 1002,085 2572,469 Deferred avail, cash items 3,761,894 264,971 747,636 225,448 400,871 393,597 237,634 539,651 160,882 87,775 158,600 219,558 325,271 Other liabilities and accrued dividends 24,409 1,539 7,282 1,334 2,407 1,403 1,211 3,362 986 651 828 1,218 2,188 TOTAL LIABILITIES 50,391,687 2747,970 13,135,313 3016,796 4371,431 3014,969 2502,832 8789,113 2080,872 1181,367 2113,734 1945,192 5492,098 Capital paid in 259,417 13,802 81,356 17,802 24,709 11,245 10,920 33,200 8,935 5,803 9,882 12,997 28,766 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 203,802 l4,4l8 43,768 14,230 19,586 14,084 12,515 28,504 11,181 7,344 9,232 9,939 19,001 TOTAL LIABILITIES AKD CAPITAL ACCOUNTS 51,467,125 2815,663 13,435,259 3096,895 4470,796 3072,895 2552,832 8936,874 2125,137 1210,718 2155,910 1994,816 5599,330 Contingent liability on acceptances purchased for foreign correspondents 28,388 1,734 2/8,344 2,132 2,616 1,422 1,223 3,895 1,080 711 1,080 1,279 2,872 Industrial loan commitments 3,385 1,810 749 52 43 731 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,629,016 1662,933 5,849,291 1885,295 2456,478 1851,210 1448,8o4 5056,787 1217,223 652,106 1036,300 763,161 2749,428 Collateral for F.R. notes: Gold certificates 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 paper 146,495 12,094 50,671 34,378 19,873 6,550 6,200 14,464 2,265 U. S. Govt, securities 15,400,000 1300,000 2,100,000 1200,000 1700,000 1450,000 1200,00 02400,000 1025,000 525,000 800,000 600,000 1100,000 Total collateral 27,420,495 1702,094 6,070,671 1979,378 2470,000 1919,873 1510,00 05100,000 1311,550 676,200 1094,464 784,000 2802,265 1/ After deducting $429,627,000 participations of other Federa lReserve Banks. 2/ After deducting $20,044,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis