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 16, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended July 15, Member bank reserves decreased $293 million. The principal changes reducing reserves were increases of $209 million in Treasury deposits with Federal Reserve Banks and $73 million in Foreign deposits with Federal Reserve Banks, and decreases of $64 million in Gold stock and $6l million in Reserve Bank credit. The principal offsetting change was a decrease of $116 million in Money in circulation. The decrease of $6l million in Reserve Bank credit resulted from a decrease of $l4l million in Loans, discounts and advances and an increase of $79 million in Float. The decrease of $783 million in estimated required reserves of member banks reflected the lower reserve requirements which became effective at the beginning of the week and which lessened required reserves approximately $810 million. Change since Member Bank Reserves July 15, July b, July 16, and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 24,964 — — +2,359 Held under repurchase agreement — — <• «• - 118 Loans, discounts and advances 203 -141 - 775 Float 756 + 79 - 214 Total 25,923 - 61 +1,252 Gold stock 22,374 - 64 - 974 Treasury currency outstanding 4,853 - 1 + 97 Money in circulation 30,163 -116 +1,175 Treasury cash holdings 1,264 - 2 7 Treasury deposits with R. Banks 640 +209 + 333 Foreign deposits with F. R. Banks 561 + 73 - 139 Other deposits with F. R. Banks 179 + 3 - 109 Othel* F, R. accounts (net) 947 - 1 + 150 MitnMr bank reserves 19,397 -293 -1,025 Requited reserves (estimated) 18,256 -783 -1,717 Ex&esi reserves (estimated) l,l4l +490 + 692 Daily averages for period-- SlMmated excess reserves of member banks 1A94 <443 + 504 Member bank borrowings at F. R. Banks 230 -169 - 870 % U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,384 million, a decrease of $102 million for the Week and an increase of $561 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) since July 15, July 8, July 16, 1953 1953 1952 A S S E TS Gold certificates 20,105,102 - 67,000 -I,0k7,l50 Redemption fund for F, R. notes 786,085 k02 + 88,869 Total gold certificate reserves 21,191,187 - 67,k02 - 958,281 Other cash —— 330,286 + 23,257 - 12,787 Discounts and advances 199,635 -lkl,087 - 77k,026 Industrial loans 3,071 + 12 — I,6k2 U. S. Government securities: Bought outright-- Bills 1,672,30k __ +l,5k9,30k Certificates k,995,716 -6,782,500 Notes 13,773,671 +8,205,598 Bonds k,521,975 - 613,8k8 Total bought outright 2k,963,666 mmmm +2,358,55k Held under repurchase agreement — — - 117,500 Total U. S. Government securities 2k,963,666 +2,2kl,05k Total loans and securities 25,166,372 -lkl,075 +I,k65,386 Due from foreign banks 23 — — F. R. notes of other banks 165,779 + 20,188 - 20,020 Uncollected cash items k,2k5,109 +790,825 + 72,k77 Bank premises k9,852 + k5 + k,258 Other assets 118,6k5 + 8,25k - 72,253 TOTAL ASSETS 51,267,253 +63k,092 + k78,780 L I A B I L I T I ES Federal Reserve notes 25,886,377 - 77,195 +1,052,737 Deposits: Member bank—reserve accounts 19,396,887 -292,619 -1,025,121 U, S. Treasurer—general account 639,972 +209,275 + 332,k87 Foreign 560,538 + 72,882 - 139,955 Other 178,909 + 3,223 - 109,k90 Total deposits 20,776,306 - 7,239 - 9k2,079 Deferred availability cash items 3,k88,772 +711,230 + 285,711 Other liabilities and accrued dividends 17,156 182 + 3,933 TOTAL LIABILITIES 50,160,611 +626,61k + k00,302 C A P I T AL A C C O U N TS Capital paid in 260,510 + 213 + Ik,696 Surplus (Section 7) 58k,676 mmmm + k6,33k Surplus (Section 13b) 27,5k3 —— Other capital accounts 225,913 + 7,265 + 17,kk8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,267,253 +63k,092 + k78,780 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined k5«k?» - *2.% 2,2% Contingent liability on acceptances purchased for foreign correspondents 25,753 860 + 16,62k Industrial loan commitments 3,k5l + 59 3,080 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 15, 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 166,95k 591 369,50k 16 to 90 days 32,258 998 2,329,025 91 days to 1 year h23 1,028 13,023,616 Over 1 year to 5 years k5k 6,U52,26U Over 5 years to 10 years 1,371,100 Over 10 years 1,bik,857 Total 199,635 3,071 21t,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' OF JULY* 15} 1955 (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 20,405,102 645,809 6,66i,2l6 1167,006 1422,168 728,637 622,655 4276,757 529,077 329,603 933,579 471,342 2617,253 Redemption fund for F. R. notes 786,085 64,541 108,065 60,087 84,855 78,482 61,318 125,127 50,560 25,993 40,250 30,306 56,501 Total gold certificate reserves 21,191,18? 710,350 6,769,281 1227,093 1507,023 807,119 683,973 4401,884 579,637 355,596 973,829 501,648 2673,754 Other cash 330,286 24,311 63,467 20,736 26,043 15,378 26,301 71,092 l8,46l 5,024 11,877 12,064 35,532 Discounts and advances 199,635 9,08l 27,893 15,118 26,345 9,623 17,069 35,266 3,361 5,288 20,780 28,851 960 Industrial loans 3,071 -- — 2,365 — 19 574 — — 113 U. S. Govt, securities: Bought outright— Bills 1,672,304 115,762 366,778 104,751 162,436 119,547 103,711 247,414 90,349 51,860 66,407 80,741 162,548 Certificates 4,995,716 345,814 1,095,716 312,927 485,249 357,123 309,779 739,086 269,899 154,947 198,379 241,198 485,599 Notes 13,773,671 953,441 3,020,993 862,769 1337,878 984,625 854,091 2037,732 744,136 427,204 546,953 665,007 1338,842 Bonds 4.521,975 313,020 991,809 283,252 439,233 323,258 280,403 668,999 244,304 140,254 179,568 218,325 439,550 Total 24,963,666 1728,037 5,475,296 1563,699 2424,796 1784,553 1547,984 3693,231 1348,688 774,265 991,307 1205,271 2426,539 Held under repurchase agreement — — — — — — -- — -- — — — Total U. S. Government securities 24,963,666 1728,037 5,475,296 1563,699 2424,796 1784,553 1547,984 3693,231 1348,688 774,265 991,307 1205,271 2426,539 Total loans and securities 25,166,372 1737,118 5,503,109 1581,182 2451,141 1794,195 1*565,627 3728,497 1352,049 779,666 1012,087 1234,122 2427,499 Due from foreign banks 23 1 l/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 165,779 3,406 28,478 10,433 7,929 18,197 20,720 20,955 9,739 7,195 10,218 8,251 20,258 Uncollected cash items 4,245,109 331,799 806,999 249,388 402,129 354,241 299,541 704,692 190,890 123,055 206,788 182,199 393,388 Bank premises 49,852 5,071 7,146 4,239 4,575 4,857 3,657 6,760 2,930 1,037 2,180 6ll 6,789 Other assets 118,645 8,573 25,421 7,085 11,462 8,241 8,151 16,922 5,980 3,658 5,441 6,251 11,460 TOTAL ASSETS 51,267,253 2820,629 13,203,988 3100,158 4410,304 3002,229 2607,971 8950,805 2159,687 1275,232 2222,421 1945,147 5568,682 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 JULY 15, 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 25,886,377 1607,179 5,692,812 1845,584 2408,593 1774,536 1374,379 5005,188 1176,553 638,361 1010,777 727,953 2624,462 Deposits: Member bank-reserve accts. 19,396,887 758,677 6,162,496 874,544 1489,719 797,069 854,499 3076,801 700,491 449,313 937,898 934,172 2361,208 U.S.Treasurer-general acct. 639,972 41,908 106,409 49,576 45,145 41,892 47,465 75,979 50,l8l 39,412 47,497 44,920 49,588 Foreign 560,538 32,861 1/179,927 41,213 49,560 26,935 23,164 73,802 20,471 13,467 20,471 24,241 54,426 Other 178,909 7,077 115,306 2,224 3,663 5,160 887 697 6,357 902 1,648 1,347 33,641 Total deposits 20,776,306 840,523 6,564,138 967,557 1588,087 871,056 926,015 3227,279 777,500 503,094 1007,514 1004,680 2498,863 Deferred avail, cash items 3,488,772 302,053 637,142 204,644 310,199 296,146 255,329 564,584 159,473 103,205 160,490 160,850 334,657 Other liabilities and accrued dividends 17,156 1,189 5,135 873 1,823 919 821 2,485 709 559 593 771 1,279 TOTAL LIABILITIES 50,168,611 2750,944 12,899,227 3018,658 4308,702 2942,657 2556,544 8799,536 2114,235 1245,219 2179,374 1894,254 5459,261 Capital paid in 260,510 14,236 81,399 17,839 24,734 11,281 10,985 33,361 8,964 5,817 9,941 13,151 28,802 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 ©Sber Capital accounts 225,913 15.976 48,540 15,594 21,798 15,694 13,877 31,851 12,339 7,992 10,044 11,054 21,154 ImSAL LIABILITIES AND CAPITAL ACCOUNTS 51,267,253 2820,629 13,203,988 3100,158 4410,304 3002,229 2607,971 8950,805 2159,687 1275,232 2222,421 1945,147 5568,682 Contingent liability on acceptances purchased for foreign correspondents 25,753 1,567 2/ 7,577 1,996 2,363 1,284 1,104 3,518 976 642 976 1,156 2,594 Industrial loan commitments 3,451 —- --- 1,692 749 52 —- 41 — 917 FEDERAL RESERVE AGENTS' ACCOUNTS £ F. R. notes outstanding 26,889,547 1666,708 5,916,306 1908,113 2485,630 1867,678 1456,678 5107,239 1231,50pj 656,452 1039,772 769,480 2783,991 Collateral for F.R. notes: -3 Gold certificates 12,0041000 390,000 3,920,000 745,000 800,000 450,000 310,000 2800,000 280,000 N^5, 000 280,000 184,000 1700,000 Eligible paper 89,113 8,501 22,690 14,405 — 9,148 — — 2,900 050 20,419 U. S. Govt, securities 15,600,000 1300,000 2,100,000 1200,000 1700,000 1450,000 1200,000 2400,000 1025,000 525,000 800,000 600,000 1300,000 Total collateral 27,68^,113 1698,501 6,042,690 1959,405 2500,000 1909,148 1510,000 5200,000 1307,900 674,050 1100,419 784,000 3000,000 J l/ After deducting $380,593,000 participations of other Federal Reserve Banks. ' 2/ After deducting $18,176,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis