H.4.1 Factors Affecting Reserve Balances of Depository Institutions

H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) August 13, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 12, Member bank reserves decreased $21 million. The principal changes reducing reserves were increases of $215 million in Treasury deposits with Federal Reserve Banks and $19 million in Money in circulation. The principal offsetting change was an increase of $199 million in Reserve Bank credit. The increase of $199 million in Reserve Bank credit resulted from an increase of $215 million in Loans, discounts and advances and a decrease of $16 million in Float. Change sine# Member Bank Reserves August 12, August' 61 Attgttsf 13# and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 24,964 +1,932 Held under repurchase agreement - - - 19 Loans, discounts and advances 779 +215 + 4 Float 609 - 16 - 118 Total 26,352 +199 +1,799 Gold stock 22,228 + l -1,116 Treasury currency outstanding 4,859 + 1 + 95 Money in circulation 30,158 + 19 +1,107 Treasury cash holdings 1,275 - l 2 Treasury deposits with F. R. Banks 675 +215 + 253 Foreign deposits with F. R. Banks 551 6 - 313 Other deposits with F. R. Banks 329 - 3 + 136 Other F. R. account s(net) 859 - 1 + l4l Member bank reserves 19,593 - 21 - 543 Required reserves (estimated) 18,906 - 44 - 786 Excess reserves (estimated) 687 + 23 + 243 Daily averages for period-- Estimated excess reserves of member b 742 +144 + 91 Member bank borrowings at F. R. Banks 838 +220 - 79 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,4-36 million, an increase of $58 million for the week and an increase of $$l4 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 August 12, August 5, August 13, A S S E TS Gold certificates 20,246,101 + 3,000 1,211,153 Redemption fund for F. R. notes 790,768 - 1,454 + 97,705 Total gold certificate reserves 21,036,869 + 1,546 1,113,448 - Other cash 336,397 - 389 + 959 Discounts and advances 776,343 + 215,685 + 6,241 Industrial loans 2,858 120 1,676 - - U, S. Government securities: Bought outright— Bills 1,672,304 4- 1,297,304 Certificates 4,995,716 — — - 6,857,500 Notes 13,773,671 + 8,205,598 Bonds 4,521,975 713,848 - - - Total bought outright 24,963,666 + 1,931,554 -- Held under repurchase agreement 19,000 - "" - - - Total U. S. Government securities 24,963,666 + 1,912,554 " Total loans and securities 25,742,867 + 215,565 + I,?!?,!!? Due from foreign banks 23 -- *»— F. R. notes of other banks 180,186 ~ 969 - 3,073 Uncollected cash items 3,758,109 4* 367,927 + 71,312 Bank premises 50,026 + 31 + 4,685 Other assets 156,029 + 9,121 69,798 - TOTAL ASSETS 51,260,506 + 592,832 + 807,756 L I A B I L I T I ES Federal Reserve notes 25,899,864 + 16,822 + 1,010,185 Deposits: Member bank—reserve accounts 19,592,567 - 21,029 543,208 U. S. Treasurer--general account 674,519 + 214,105 + 252,721 Foreign 551,022 - 5,593 ~ 312,715 Other 328,589 - 3,389 + 136,071 Total deposits 21,146,697 + 184,094 - 467,131 Deferred availability cash items 3,148,879 + 384,021 + 189,108 Other liabilities and accrued dividends 17,521 + 72 + 2,783 TOTAL LIABILITIES 50,212,961 + 585,009 + 734,945 C A P I T AL A C C O U N TS Capital paid in 260,901 + 190 + 14,549 Surplus (Section 7) 584,676 - - + 46,334 Surplus (Section 13b) 27,543 — — •» Other capital accounts 174,425 + 7,633 + 11,928 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,260,506 + 592,832 + 807,756 Ratio of gold certificate reserves to deposit and F, R. note liabilities combined 44.7$ - .2# - 2.9# Contingent liability on acceptances purchased for foreign correspondents 25,484 + 78 + 16,458 Industrial loan commitments 3,677 + 103 2,610 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 12, 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 702,646 557 574,050 16 to 90 days 73,528 424 2,124,479 91 days to 1 year 169 1,418 13,023,616 Over 1 year to 5 years 459 6,452,264 Over 5 years to 10 years 1,374,400 Over 10 years 1,414,857 Total Digitized for FRASER 776,343 2,858 24,963,666 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 12, 1953 H.4.1(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 20,246,101 664,497 6,325,959 1216,562 1422,739 759,383 630,519 4345,925 526,377 314,965 884,598 484,889 2669,688 Redemption fund for F. R. notes 790,768 64,115 106,399 61,233 85,260 74,635 60,898 124,499 50,365 25,930 40,111 31,164 66,159 Total gold certificate reserves 21,036,869 728,612 6,432,358 1277,795 1507,999 834,018 691,417 4470,424 576,742 340,895 924,709 516,053 2735,847 Other cash 336,397 28,333 66,319 22,364 24,450 14,898 25,953 71,437 16,707 5,174 10,896 11,898 37,968 Discounts and advances 776,343 17,720 176,373 18,998 99,210 38,798 45,929 173,386 561 13,088 68,872 54,298 69,110 Industrial loans 2,858 2,110 100 541 107 U. S. Govt, securities: Bought outright-- Bills 1,672,304 114,572 371,558 104,751 162,436 119,539 102,137 247,414 89,817 52,156 66,407 78,969 162,548 Certificates 4,995,716 342,257 1,109,993 312,927 485,249 357,084 305,148 739,086 268,290 155,801 198,379 235,903 485,599 Notes 13,773,671 943,634 3,060,358 862,769 1337,878 984,514 841,323 2037,732 739,701 429,560 546,953 650,407 1338,842 Bonds 4,521,975 309.800 1,004,733 283,252 439,233 323,222 276,211 668,999 242,848 141,027 179,568 213,532 439,550 Total 24,963,666 1710,263 5,546,642 1563,699 2424,796 1784,359 1524,819 3693,231 1340,656 778,544 991,307 1178,811 2426,539 Held under repurchase agreement Total U» S. Government securities 24,963,666 1710,263 5,546,642 1563,699 2424,796 1784,359 1524,819 3693,231 1340,656 778,544 991,307 1178,811 2426,539 Total loans and securities 25,742,867 1727,983 5,723,015 1584,807 2524,006 1823,257 1571,289 3866,617 1341,217 791,739 1060,179 1233,109 2495,649 Due from foreign banks 23 1 1/ 7 2 2 1 1 3 1 l 1 l 2 F.R.notes of other banks 180,186 9,472 29,426 12,789 7,139 19,332 19,874 17,477 7,064 17,020 9,833 7,705 23,055 Uncollected cash items 3,758,109 280,746 699,023 249,567 330,594 318,421 264,488 590,982 l64,4o6 104,430 180,929 167,526 406,997 Bank premises 50,026 5,082 7,128 4,323 4,562 4,829 3,652 6,755 2,924 1,035 2,163 606 6,967 Other assets 156,029 11,250 33,210 9,582 15,326 11,103 10,267 22,741 7,983 4,711 6,986 7,786 15,084 TOTAL ASSETS 51,260,506 2791,479 12,990,486 3161,229 4414,078 3025,859 2586,941 9046,436*mi7,044 I&65,005 2195,696 1944,684 5721,569 Digitized for FRASER l/ After deducting $16,000 participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF COlII/xTION OF THE FEDERA LRESERVE BANKS- OH AUGUS T12, 1953 • " I .4. 1(c) (In thousands of dollars) 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 2 5 ,899,864 1592,366 5,685,274 1844,567 2418,325 1781,572 1372,894 5009,966 1173,728 633,259 1013,277 730,897 2643,739 Deposits: Member bank-reserve accts.1 9,592,507 797,786 5,898,775 928,789 1501,751 835,399 861,850 3247,102 701,968 452,496 926,864 962,548 2477,239 U.S.Treasurer-general acct. 674,519 3b,553 149,299 51,272 50,769 45,474 50,789 80,429 32,586 40,842 4l,94l 27,844 66,721 Foreign 551,022 33,404 1/164,945 41,070 50,379 27,380 23,547 75,021 20,809 13,690 20,809 24,642 55,326 Other 328,589 5,242 266,572 2,219 5,052 4,087 652 1,128 8,715 1,577 2,440 618 30,287 Total deposits 21,146,697 872,985 6,479,591 1023,350 1607,951 912,340 936,838 3403,680 764,078 508,605 992,054 1015,652 2629,573 Deferred avail, cash items 3,148,879 258,881 527,449 214,376 289,763 274,732 228,150 486,380 135,718 94,079 148,4l6 148,909 342,026 Other liabilities and accrued dividends 17,521 1,265 4,498 902 1,731 1,116 970 2,521 824 673 719 780 1,522 TOTAL LIABILITIES 50,212,961 2725,497 12,696,812 3083,195 4317,770 2969,760 2538,852 8902,547 2074,348 1236,616 2154,466 1896,238 5616,860 Capital paid in 260,901 14,240 81,462 17,789 24,784 11,347 10,997 33,46o 8,971 5,840 9,994 13,159 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 174,425 12,269 37,390 12,178 16,454 12,155 10,527 24,372 9,576 6,345 8,174 8,599 16,386 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 51,260,506 2791,479 12,990,486 3161,229 4414,078 3025,859 2586,941 9046,436 2117,044 1265,005 2195,696 1944,684 5721,569 Contingent liability on acceptances purchased for foreign correspondents 25,484 1,555 2/ 7,514 1,912 2,345 1,274 1,096 3,492 969 637 969 1,147 2,574 Industrial loan commitments 3,677 1,934 749 52 41 901 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,833,448 1654,188 5,906,530 1912,951 2490,490 1859,216 1434,435 5106,419 1213,568 649,338 1042,864 766,028 2797,421 Collateral for F.R. notes: Gold certificates 12,003,000 390,000 3,920,000 745,000 880000,,000000 445500,,000000 331100,,000000 22880000,,000000 228800,,000000 145,000 280,000 183,000 1700,000 Eligible paper 385,629 17,140 172,370 18,285 -- 38,323 — 12,850 68,511 58,150 U. S. Govt, securities 15,600,000 1300,000 2,100,000 1200,000 1700,000 1450,000 1200,00 02400,000 1025,000 525,000 800,000 600,000 1300,000 753,000 3058,150 Total collateral 27^988^29 I707[l4o 6^19^370 1963^285 2500,000 1938,323 1510,000 5200,000 1305,000 682,850 1148,511 1/ After deducting $386,058,000 participations of other Federa lReserve Banks. 2/ After deducting $17,970,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis