H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) July % 1953. CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended July 8, Member bank reserves decreased $138 million. The principal changes reducing reserves were increases of $255 million in Treasury deposits with Federal Reserve Banks and $127 million in Money in circulation, and a decrease of $25 million in Gold stock. The principal offsetting changes were an increase of $232 million in Reserve Bank credit and a decrease of $33 million in Foreign deposits with Federal Reserve Banks. The increase of $232 million in Reserve Bank credit resulted from increases of $198 million in U. S. Government securities bought outright and $96 million in loans# discounts and advances, and a decrease of $60 million in Float. Holdings of U. S. Government securities bought outright reflected an increase of $198 million in bills. Change since Member Bank Reserves JJuullyy 88,, July 1, July 9, and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 2k,961 +198 +2,319 Held under repurchase agreement - 215 Loans, discounts and advances 3UU + 96 - 3U3 Float 677 - 60 - 2hl Total 25,981* +232 +1,519 Gold stock 22,138 - 25 - 909 Treasury currency outstanding U,85U + 100 Money in circulation 30,279 +127 +1,131 Treasury cash holdings 1,266 - 3 + 2 Treasury deposits with F. R. Banks U31 +255 + 393 Foreign deposits with F. R. Banks U88 - 33 - 150 Other deposits with F. R. Banks 176 + 2 - 92 Other F. R. accounts (net) 9U8 - 1 + 1U9 Member bank reserves 19,690 -138 - 723 Required reserves (estimated) 19,039 -12U - 969 Excess reserves (estimated) 651 - Ill + 21*6 Daily averages for period-- Estimated excess reserves of member banks 751 +269 + U9 Member bank borrowings at F. R. Banks 399 - 32 - 607 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,I486 million, an increase of• $32 mil3L4oa for the week ahd em increase of $702' 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 July 8, July 1, July 9, 1953 1953 1952 A S S E TS Gold certificates 20,472,102 25,001 - 1,002,149 Redemption fund for F. R. notes 786,48? 3,691 + 97,337 Total gold certificate reserves 21,258,589 28,692 -904,812 Other cash 307,029 5,817 9,916 Discounts and advances 340,722 95,5^8 - 341,827 Industrial loans 3,059 40 1,721 U. S. Government securities: Bought outright— Bills 1,672,304 197,500 + 1,509,504 Certificates 4,995,716 - 6,782,500 Notes 13,773,671 + 8,205,598 Bonds 4,521,975 - 613,848 Total bought outright 24,963,666 197,500 +"2,318,754 Held under repurchase agreement - 215,300 Total U. S. Government securities 24,963,666 + 197,500 + 2,103,454 Total loans and securities 25,307 ,~Wf + 293,000 + 1,759,906 Due from foreign banks 23 F. R, notes of other banks 145,591 7,024 12,479 Uncollected cash items 3,454,284 589,022 117,781 Bank premises 49,807 + 2 4,341 Other assets 110,391 + 10,609 TOTAL ASSETS 50,633,161 326,936 -a L I A B I L I T I ES Federal Reserve notes 25,963,572 + 106,914 + 1,015,239 Deposits: Member bank--reserve accounts 19,689,506 138,116 - 723,363 U. S. Treasurer--general account 430,697 254,456 + 392,427 Foreign 487,656 33,246 - 150,575 Other 175,686 1,385 Total deposits 04,479 - 573^445 Deferred availability cash items 2,'777!542 528,478 + 123,401 Other liabilities and accrued dividends 17,338 1,634 ± A 2 55 TOTAL LIABILITIES 49,541,997 335,451 +569,250 C A P I T AL A C C O U N TS Capital paid in 260,297 646 + 14,663 Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 Other capital accounts 218,648 7,869 + 16,447 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,633,161 326,936 + 646,694 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.5/o .2# 2.4# Contingent liability on acceptances purchased for foreign correspondents 26,613 3,011 17,533 Industrial loan commitments 3,392 6l 3,050 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JULY 8, 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 310,641 519 391,504 l6 to 90 days 29,902 995 2,307,025 91 days to 1 year 179 1,077 13,023,616 Over 1 year to 5 years 468 6,452,264 Over 5 years to 10 years 1,374,400 Over 10 years 1^.414,857 Total 340,722 3,059 24,963,666 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 8, 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 20,472,102 669,037 6,480,0# 1225,262 1432,332 761,367 600,728 4347,781 520,101 325,074 908,754 518,856 2682,763 Redemption fund for F. R. notes 786,48? 64,66o 108,504 58,317 85,013 79,468 61,426 125,284 50,608 26,009 40,284 30,338 56,576 Total gold certificate reserves 21,258,589 733,697 6,588,551 1283,579 1517,345 840,835 662,154 4473,065 570,709 351,083 9^9,038 549,194 2739,339 Other cash 307,029 22,621 55,653 19,394 22,777 14,814 25,207 69,533 17,253 5,246 10,974 11,398 32,159 Discounts and advances 340,722 17,515 52,944 21,793 36,575 22,473 24,229 77,961 2,361 10,888 34,607 16,551 22,825 Industrial loans 3,059 -- -- 2,426 — 19 501 — — 113 U. S. Govt, securities: Bought outright— Bills 1,672,304 115,952 366,332 104,751 162,436 119,547 104,129 247,414 89,817 52,230 66,407 80,741 162,548 Certificates 4,995,716 346,373 1,094,347 312,927 485,249 357,123 311,069 739,086 268,340 156,026 198,379 241,198 485,599 Not?s 13,773,671 954,983 3,017,219 862,769 1337,878 984,625 857,645 2037,732 739,839 430,179 546,953 665,007 1338,842 m ! n 4,521,975 313,527 990,570 283,252 439,233 323,258 281,570 668,999 242,893 141,230 179,568 218,325 439.550 Total 24,963,666 1730,835 5,468,468 1563,699 2424,796 1784,553 1554,413 3693 231 1340,889 779,665 991,307 1205,271 2426,539 Held under repurchase agreement — ~— •• ~ • *>— — — — * — — — — — _ — — Total U. S. Government ' — — — —— - - — " :— securities 24,963,666 1730,835 5,468,468 1563,699 2424,796 1784,553 1554,413 3693,231 1340,889 779,665 991,307 1205,271 2426,539 Total loans and - ~ securities 25,307,44? 1748,350 5,521,412 1587,918 2461,371 1807,045 1579,143 3771,192 1343,250 790,666 1025,914 1221,822 2449,364 Due from foreign banks 23 1 1/ 7 2 2 1 1 3 1 1 1 12 F.R.notes of other banks 145,591 3,036 22,345 8,532 7,876 15,836 19,944 17,557 7,936 7,541 8,070 8,621 18,297 Uncollected cash items 3,454,284 263,246 632,944 223,634 315,385 283,869 243,837 561,342 160,705 97,083 174,928 164,617 332,694 Bank premises 49,807 5,021 7,146 4,239 4,579 4,857 3,657 6,760 2,931 1,037 2,180 6ll 6,789- Other assets 110,391 7,922 24,301 6,598 10,841 7,669 7,465 15,506 5,446 3,352 5,084 5,632 10,575 TOTAL ASSETS 50,633,161 2783,894 12,852,359 3133,896 4340,176 2974,926 2541,408 8914,958 2108,231 1256,009 2176,189 1961,896 5589,219 l/ After deducting $ 16,000participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 8, 1953 (In thousands of dollars) H.4.1(c) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. L I A B I L I T I ES Federal Reserve notes 25,963,572 1618,906 5,712,903 1847,201 2409,579 1781,383 1378,372 5001,749 1181,653 642,429 1016,222 732,995 2640,180 Deposits: Member "bank-reserve accts. 19,689,506 803,064 5,981,057 953,392 1494,341 839,090 863,052 3228,340 71^,734 458,745 925,058 985,224 2443,409 U.S.Treasurer-general acct. 430,69? 32,739 113,194 24,086 34,094 29,196 25,226 32,468 16,230 29,954 33,311 27,317 32,882 Foreign 487,656 29,628 1/145,219 36,427 44,684 24,285 20,885 66,541 18,457 12,143 18,457 21,857 49,073 Other 175,686 5,281 ~ 110,191 2,314 4,705 8,742 724 1,220 7,121 1,342 1,208 815 32,023 Total deposits 20,783,545 870,712 6,349,661 1016,219 1577,824 901,313 909,887 3328,569 756,542 502,184 978,034 1035,213 2557,387 Deferred avail, cash items 2,777,542 223,994 481,596 188,534 249,963 232,172 201,259 432,048 124,231 81,045 138,530 142,497 281,673 Other liabilities and accrued dividends 17,338 1,183 5,031 914 1,972 1,003 916 2,499 722 564 612 675 1,247 TOTAL LIABILITIES 49,541,997 2714,795 12,549,191 3052,868 4239,338 2915,871 2490,434 8764,865 2063,148 1226,222 2133,398 1911,380 5480,487 Capital paid in 260,297 14,154 81,386 17,834 24,715 11,278 10,981 33,316 8,950 5,815 9,937 13,142 28,789 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 218,648 15,472 46,960 15,127 21,053 15,180 13,428 30,720 11,984 7,768 9,792 10,686 20,478 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,633,161 2783,894 12,852,359 3133,896 4340,176 2974,926 2541,408 8914,958 2108,231 1256,009 2176,189 1961,896 5589,219 Contingent liability on acceptances purchased for foreign correspondents 26,613 1,623 2/ 7,852 1,996 2,448 1,331 1,144 3,646 1,011 665 1,011 1,198 2,688 Industrial loan commitments 3,392 1,633 749 52 4l 917 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,821,754 1660,067 5,892,602 1900,149 2480,566 1863,605 1454,602 5098,132 1229,752 657,540 1041,773 769,409 2773,557 Collateral for F.R. notes: Gold certificates 12,004,000 390,000 3,920,000 745,000 880000,,000000 445500,,000000 331100,,000000 22880000,,000000 280,000 145,000 280,000 184,000 1700,000 Eligible paper 170,340 16,935 44,566 21,080 -- 21,998 — — 2,000 10,650 34,246 18,865 U. S. Govt, securities 15,400,000 1300",000 2,100,000 1200,000 1700,000 1450,000 1200,000 2400,000 1025,000 525,000 800,000 600,000 1100,000 Total collateral 27,574,340 1706,935 6,064,566 1966,080 2500,000 1921,998 1510,000 5200,000 1307,000 680,650 1114,246 784,000 2818,865 l/ After deducting $342,419,000 participations of other Federal Reserve Banks. 2/ After deducting $18,761,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis