H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) August 6, 1953. CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 5, Member bank reserves increased $85 million. The principal changes supplying reserves were decreases of $381 million in Treasury deposits with Federal Reserve Banks and $11 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $148 million in Reserve Bank credit and $50 million in Gold stock, and increases of $95 million in Money in circulation, $12 million in Treasury cash holdings, and $10 million in Foreign deposits with Federal Reserve Banks. The decrease of $148 million in Reserve Bank credit resulted from a decrease of $186 million in Loans, discounts and advances and an increase of $37 million in Float. Change since Member Bank Reserves August 5, July 29, August 6, and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 24,964 +2,073 — — Held under repurchase agreement 86 Loans, discounts and advances 564 -186 - 283 Float 625 + 37 + 9 Total 26,153 -148 +1,713 Gold stock 22,227 - 50 -1,123 Treasury currency outstanding 4,658 + 5 + 95 Money in circulation 30,139 + 95 +1,098 Treasury cash holdings 1,276 + 12 3 Treasury deposits with F. R. Banks 46o -381 + 190 Foreign deposits with F. R. Banks 557 + 10 - 170 Other deposits with F. R. Banks 332 - 11 + 77 Other F. R. accounts (net) 860 - 3 + 138 Member bank reserves 19,614 + 85 646 Required reserves (estimated) 18,950 + 45 - 725 Excess reserves (estimated) 664 + 40 + 79 Daily averages for period-- Estimated excess reserves of member banks 598 -106 - 35 Member bank borrowings at F. R. Banks 618 + 4 64o U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,378 million, a decrease of $6 million for the week and an increase of $4l8 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 August 5, July 29, August 6, 1953 1953 1952 A S S E TS Gold certificates 20,243,101 51,001 - 1,214,152 Redemption fund for F. R, notes 792,222 + 911 + 95,818 Total gold certificate reserves 21,035,323 50,090 - 1,110,334 Other cash 336,786 13,976 1,604 Discounts and advances 560,658 186,188 - 281,924 Industrial loans 2,978 120 l,48l J. S. Government securities: Bought outright— Bills 1,672,304 + 1,306,404 Certificates 4,995,716 - 6,798,000 Notes 13,773,671 + 8,205,598 Bonds A521475 - 641,448 Total bought outright 24,963,666 + 2,072755% Held under repurchase agreement 85,500 Total U. S. Government securities 24,963,666 + 1,907,054 Total loans and securities 25,527,302 186,308 + 1,703,649 Due from foreign banks 23 F. R. notes of other banks 181,155 1,987 752 Uncollected cash items 3,390,182 97,168 + 188,179 Bank premises 49,995 + 139 + Other assets 146,908 + 9,319 4i TOTAL ASSETS 50,667,674 136,097 706,863 L I A B I L I T I ES Federal Reserve notes 25,883,042 89,569 + 1,002,601 Deposits: Member bank—reserve accounts 19,613,596 84,645 645,913 U. S. Treasurer—general account 460,4l4 381,008 190,492 Foreign 556,615 9,977 170,013 Other 331,978 11,187 76,907 Total deposits 20,962,603 297,573 548,527 Deferred availability cash items 2,764,858 134,844 + 178,747 Other liabilities and accrued dividends 17,449 ,M?4 i, 2,514 TOTAL LIABILITIES 49,627,952 344,042 + "5357335 C A P I T AL A C C O U N TS Capital paid in 260,711 27 + 14,423 Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 Other capital accounts 166,792 7,972 + 10,771 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,667,674 "3367097 +706,863 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 44.9% 2.9% Contingent liability on acceptances purchased for foreign correspondents 25,406 + 2,091 + 16,313 Industrial loan commitments 3,574 + 25 - 2,533 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST 5, 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 494,474 572 559,400 16 to 90 days 66,014 387 2,139,129 91 days to 1 year 170 1,491 13,023,616 Over 1 year to 5 years 528 6,452,264 Over 5 years to 10 years 1,374,400 Over 10 years 1,414,857 Total 560,650 2,970 24,963,666 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 5, 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 20,243,101 666,979 6,403,017 1193,461 1429,698 713,324 605,504 4423,738 505,681 323,954 911,487 500,324 2565,934 Redemption fund for F. R. notes 792,222 6644,,2266ll 107,022 5599,,553388 8855,,447733 7766,,009955 6611,,004466 124,730 50,440 25,950 40,167 31,213 66,287 Total gold certificate reserves 21,035,323 731,240 6,510,039 1252,999 1515,171 789,419 666,550 4548,468 556,121 349,904 951,654 531,537 2632,221 Other cash 336,786 29,323 61,297 23,321 24,174 15,572 28,209 72,599 17,050 5,726 10,723 10,894 37,898 Discounts and advances 560,658 12,875 95,743 8,868 57,020 38,623 38,979 80,296 13,161 13,488 29,187 57,308 115,110 Industrial loans 2,978 — — 2,214 -- 100 557 — — — 107 -- — — U. S. Govt, securities: Bought outright-- Bills 11,,667722,,330044 111155,,338888 337711,,669922 110044,,775511 116622,,443366 111199,,554477 102,487 247,414 90,376 50,753 66,407 78,505 162,548 Certificates 4,995,716 344,704 1,110,378 312,927 485,249 357,124 306,177 739,086 269,949 151,600 198,379 234,544 485,599 Notes 13,773,671 950,383 3,061,419 862,769 1337,878 984,624 844,l6i 2037,732 744,274 417,976 546,953 646,660 1338,842 Bonds 4,521,975 312,016 1,005,081 283,252 439,233 323,258 277,143 668,999 244,349 137,224 179,568 212,302 439,550 Total c Held under repurchase agreement Total U. S, Government securities 2k,963,666 1722,491 5,548,570 1563,699 2424,796 1784,553 1529,968 3693,231 1348,948 757,553 991,307 1172,011 2426,539 Total loans and securities 25,527,302 1735,366 5,644,313 1574,781 2481,816 1823,276 1569,504 3773,527 1362,109 771,148 1020,494 1229,319 2541,649 Due from foreign banks 23 1 1/ 7 2 2 1 1 3 1 1 1 1 2 F.E.notes of other banks 181,155 6,086 30,092 14,782 7,893 21,146 18,100 18,151 6,670 14,892 9,308 8,687 25,348 Uncollected cash items 3,390,182 263,443 624,868 224,110 296,188 278,921 232,044 546,735 146,517 96,394 178,453 147,006 355,503 Bank premises 49,995 5,048 7,127 4,323 4,566 4,829 3,651 6,755 2,925 1,035 2,163 606 6,967 Other assets 146,908 10,595 31,214 9,019 14,845 10,393 9,721 21,318 7,487 4,405 6,564 7,253 14,094 TOTAL ASSETS 50,667,674 2781,102 12,908,957 3103,337 4344,655 2943,557 2527,780 8987,556 2098,880 1243,505 2179,360 1935,303 5613,682 l/ After deducting $16,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF TSE FEDERAL RESERVE BANKS ON AUGUST 5, 1953 (In thousands of dollars) L I A B I L I TI Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St. Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,883,042 1590,963 5,694,670 1842,065 2409,527 1781,832 1377,551 5003,988 1174,707 634,886 1014,738 734,128 2623,987 Deposits: Member bank-reserve accts. 19,613,596 824,423 5,926,642 914,897 1513,067 814,402 846,495 3270,938 699,830 453,466 915,853 971,786 2461,797 U.S.Treasurer-general acct. 4S0,4l4 25,766 88,932 32,943 36,168 32,996 29,767 52,717 32,322 31,587 37,781 25,590 $3,845 Foreign 556,615 33,855 1/165,321 41,625 51,060 27,750 23,865 76,035 21,090 13,875 21,090 24,975 56,074 Other 331,978 4,310 " 269,532 1,664 5,124 4,283 1,020 1,277 8,730 1,756 2,298 747 31,237 Total deposits 20,962,603 888,354 6,450,427 991,129 1605,419 879,431 901,147 3400,967 761,972 500,684 977,022 1023,098 2582,953 Deferred avail, cash items 2,764,858 235,108 467,433 191,610 232,110 225,774 200,555 437,224 119,184 79,078 146,064 129,288 301,430 Other liabilities and accrued dividends 17,449 1,181 4,452 980 2,120 900 906 2,693 775 734 631 716 1,361 TOTAL LIABILITIES 49,627,952 2715,606 12,616,982 3025,784 4249,176 2887,937 2480,159 8844,872 2056,638 1215,382 2138,455 1887,230 5509,731 Capital paid in 260,711 14,239 81,454 17,789 24,715 11,296 10,996 33,427 8,970 5,825 9,991 13,154 28,855 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 25,581 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 166,792 11,784 35,699 11,697 15,694 11,727 10,060 23,200 9,123 6,094 7,852 8,231 15,631 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,667,674 2781,102 12,908/957 3103,337 4344,655 2943,557 2527,780 8987,556 2098,880 1243,505 2179,360 1935,303 5613,682 Contingent liability on acceptances purchased for foreign correspondents 25,406 1,550 2/ 7,494 1,906 2,338 1,270 1,093 3,481 965 635 965 1,143 2,566 Industrial loan commitments 3,574 1,831 749 52 41 901 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,821,345 1653,505 5,907,889 1908,742 2498,518 1865,602 1436,054 5102,970 1220,448 651,359 1039,179 766,857 2770,222 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 282,214 12,295 76,290 8,15 38,148 12,600 13,250 28,826 92,650 U. S. Govt. securities 15,600,000 1300,000 , 2,100,0 0 - 0 1 . 2 0 „ 0 — , 000 1700,000 1450,000 1200,000 24oo,ooo 1025,000 525,000 8oo,ooo 6oo,ooo 1300,000 Total collateral 27,885,214 1702,295 6/09*5,290 1953,155 2500,000 1938,148 1510,000 5200,000 1317,600683,250 1108,826783,000 3092,650 l/ After deducting $391,275,000 participations of other Federa lReserve Banks. 2/ After deducting $17,912,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis