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 30, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended July 29, Member bank reserves decreased $213 million. The principal changes reducing reserves were increases of $302 million in Treasury deposits with Federal Reserve Banks, $22 million in Foreign deposits with Federal Reserve Banks, and $20 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $84 million in Other F. R. accounts (net) and an increase of $36 million in Reserve Bank credit. The increase of $36 million in Reserve Bank credit resulted from an increase of $226 million in Loans, discounts and advances, and a decrease of $189 million in Float. Change since Member Bank Reserves July 29, July 22, July 30, and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 24,964 __ +2,362 Held under repurchase agreement -- - • — - 242 Loans, discounts and advances 750 +226 - 658 Float 588 -189 - 67 Total 26,301 + 36 +1,394 Gold stock 22,277 + 1 -1,073 Treasury currency outstanding 4,853 -- + 92 Money in circulation 30,044 - 7 +1,092 Treasury cash holdings 1,264 - 3 - 22 Treasury deposits with F. R. Banks' 841 +302 + 236 Foreign deposits with F. R. Banks 547 + 22 - 238 Other deposits with F. R. Banks 343 + 20 + 86 Other F. R. accounts (net) 863 - 84 + 139 Member bank reserves 19,529 Required reserves (estimated) Excess reserves (estimated) Daily averages for period— Estimated excess reserves of member banks Member bank borrowings at F. R. Banks 1 a CO - 880 18,905 -106 - 924 624 -107 + 44 704 - 5 + 127 6l4 +232 - 628 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,384 million, a decrease of $19 million for the week and $476 an increase of 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 July 29, July 22, July 30, 1953 1953 1952 A S S E TS Gold certificates 20,294,102 1,158,150 Redemption fund for F. R. notes 791,311 - 5,773 + 97,219 Total gold certificate reserves 21,085,413 - 5,773 - 1,060,931 Other cash 350,762 + 11,307 + 777 Discounts and advances 746,846 + 225,865 656,389 - Industrial loans 3,098 + 155 1,630 - U. S. Government securities: Bought outright— Bills 1,672,304 + 1,552,304 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 + 2,361,554 Held under repurchase agreement — — — —»•— - 241,400 Total U. S. Government securities 24,963,666 + 2,120,154 - -- Total loans and securities 25,713,610 + 226,020 + 1,462,135 Due from foreign banks 23 — - - F. R. notes of other banks 179,168 + 6,07 14,226 Uncollected cash items 3,487,350 - 373,443 + 219,654 Bank premises 49,856 - 85 + 4,637 Other assets 137,589 + 8,801 - 69,426 TOTAL ASSETS 51,003,771 126,516 + 542,620 - L I A B I L I T I ES Federal Reserve notes 25,793,473 + 788 + 976,209 Deposits: Member bank—reserve accounts 19,528,951 213,303 879,593 U. S. Treasurer--general account 841,422 + 302,488 + 236,339 Foreign 546,638 + 22,032 238,008 • • — Other 343,165 + 20,590 + 86,276 Total deposits 21,260,176 + 131,807 - 794,986 Deferred availability cash items 2,899,702 - 184,094 + 287,308 Other liabilities and accrued dividends 18,643 - 538 + 4,066 TOTAL LIABILITIES 49,971,994 - 52,037 + 472,597 C A P I T AL A C C O U N TS 160 Capital paid in 260,738 + + 14,551 Surplus (Section 7) 584,676 m, mmmm + 46,334 Surplus (Section 13b) 27,543 - — - Other capital accounts 158,820 - 74,639 + 9,138 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,003,771 126,516 + 542,620 - Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 44.8# .2% 2.4 $ - ~ Contingent liability on acceptances purchased for foreign correspondents 23,315 - 1,973 + 14,219 Industrial loan commitments 3,549 - 34 - 2,537 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JULY 29, 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 714,526 1,137 339,500 16 to 90 days 31,849 477 2,359,029 91 days to 1 year 171 898 13,023,616 Over 1 year to 5 years 586 6,452,264 Over 5 years to 10 years 1,374,400 Over 10 years 1,414,857 Total 746,046 3,098 24,963,666 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF, THE FEDERAL RESERVE BANKS ON JULY 29, 1953 H.4.1(c) (In thousands of dollars) L I A B- I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,793,473 1587,628 5,683,637 1838,044 2403,403 1773,318 1372,876 4992,118 1171,501 631,900 1007,681 725,913 2605,454 Deposits: Member bank-reserve accts. 19,528,951 795,106 5,926,379 939,683 1525,769 787,373 847,141 3266,540 686,909 445,445 912,249 944,101 2452,256 U.S.Treasurer-general acct. 841,422 40,316 243,267 47,183 70,161 47,808 45,418 101,707 43,357 36,437 48,223 48,536 69,009 Foreign 546,638 33,300 1/161,762 40,942 50,223 27,295 23,474 74,788 20,744 13,647 20,744 24,566 55,153 Other 343,165 5,685 288,453 1,483 2,641 2,691 520 767 8,716 882 1,199 869 29,259 Total deposits 21,260,176 874,407 6,619,861 1029,291 1648,794 865,167 916,553 3443,802 759,726 496,411 982,415 1018,072 2605,677 Deferred avail, cash items 2,899,702 240,900 511,572 183,753 288,098 234,758 198,670 454,686 119,228 82,217 135,663 140,800 309,357 Other liabilities and accrued dividends 18,643 1,254 4,567 936 2,065 1,175 1,044 2,692 817 654 742 971 1,726 TOTAL LIABILITIES 49,971,994 2704,189 12,819,637 3052,024 4342,360 2874,418 2489,143 8893,298 2051,272 1211,182 2126,501 1885,756 5522,214 Capital paid in 260,738 14,236 8l,4l8 17,873 24,774 11,296 10,991 33,405 8,970 5,823 9,941 13,153 28,858 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 158,820 11,208 33,837 11,202 14,945 11,042 9,564 22,028 8,809 5,854 7,585 7,858 14,888 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 51,003,771 2769,106 13,109,714 3129,166 4437,149 2929,353 2536,263 9034,788 2093,200 1239,063 2167,089 1933,455 5625,425 Contingent liability on acceptances purchased for foreign correspondents 23,315 1,426 2/ 6,839 1,753 2,150 1,168 1,005 3,202 888 584 888 1,052 2,360 3,549 Industrial loan commitments 1,790 749 52 41 917 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,794,606 1660,568 5,909,307 1904,973 2478,829 1854,272 1446,138 5093,550 1223,070 650,840 1039,913 767,212 2765,934 Collateral for F.R. notes: Gold certificates 12,003,000 390,000 3,920,000 745,000 800,000 450,000 310,000 2800,000 280,000 145,000 280,000 183,000 1700,000 Eligible paper 402,779 21,745 76,525 25,495 — 47,948 — — 17,700 11,850 59,226 — 142,290 SL 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 28,005,779 1711,745 6,096,525 1970,495 2500,000 1947,948 1510,000 5200,000 1322,700 681,850 1139,226 783,000 3142,290 1/ After deducting $384,860,000 participations of other Federal Reserve Banks. 2/ After deducting $16,476,000 participations of other Federal Reserve Banks. 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 29, 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 20,294,102 682,092 6,501,644 1213,174 1499,782 718,926 6l6,455 4339,537 508,007 309,063 877,816 501,471 2526,135 Redemption fund for , . .. 76,100 F. R. notes 791,311 64,26? 107,040 59,542 84,476 61,053 124,741 50,450 25,952 40,172 31,217 66,301 Total gold certificate reserves 21,085,413 746,359 6,608,684 1272,716 1584,258 795,026 677,508 4464,278 558,457 335,015 917,988 532,688 2592,436 Other cash 350,762 28,212 65,450 22,727 26,184 16,531 29,458 73,897 19,103 5,312 12,285 11,492 40,111 18,261 Discounts and advances 746,846 22,325 100,028 26,208 41,770 48,423 34,549 201,956 12,088 59,587 28,401 153,250 Industrial loans 3,098 - - 2,263 - ll8 605 - - 112 U. S. Govt, securities: 89,132 51,810 1,672,304 113,024 375,458 104,751 162,436 117,745 102,184 247,414 66,407 79,395 162,548 305,263 266,262 Certificates 4,995,716 337,691 1,121,593 312,927 485,249 351,718 739,086 154,792 198,379 237,157 485,599 862,769 Notes 13,773,671 931,045 3,092,341 1337,878 969,721 841,640 2037,732 734,109 426,777 546,953 653,864 1338,842 283,252 318,365 Bonds 4,521,975 305,668 1,015,233 439,233 276,315 668,999 241,012 140,113 179,568 214,667 439,550 1185,083 Total 24,963,666 1687,428 5,604,625 1563,699 2424,796 1757,549 1525,402 3693,231 1330,515 773,492 991,307 2426,539 Held under repurchase agreement - ^°securlties^Verament 24,963,666 1687,428 5,604,625 1563,699 2424,796 1757,549 1525,402 3693,231 1330,515 773,492 991,307 1185,083 2426,539 T° 8 ^ i t l ^ s~ 25,713,610 1709,753 5,704,653 1592,170 2466,566 1806,090 1560,556 3895,187 1348,776 785,692 1050,894 1213,484 2579,789 Due from foreign banks 23 1 l/ 7 2 2 1 1 3 1 j; J ^ ^ 12,638 8,769 26,678 F.R.notes of other banks 179,168 4,126 25,197 13,425 8,684 20,230 21,052 18,622 8,409 8,338 265,888 366,191 Uncollected cash items 3,487,350 666,311 215,438 333,250 276,939 234,859 556,205 148,574 95,147 169,195 159,353 49,856 6,761 6,781 Bank premises 5,048 7,146 4,323 4,567 4,829 3,650 2,925 1,035 2,l80 6ll 8,365 13,638 Other assets 137,589 9,719 29,266 9,707 9,179 19,83$ 6,955 4,223 6,208 7,057 13,437 TOTAL ASSETS 51,003,771 2769,106 13,109,714 3129,166 4437,149 2929,353 2536,263 9034,788 2093,200 1239,063 2167,089 1933,455 5625,425 Digitized for FRASER 1/ After deducting $16,000 participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis