H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOABD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) August 20, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 19, Member bank reserves increased $48 million. The principal changes supplying reserves were an increase of $225 million in Reserve Bank credit and a decrease of $13 million in Money in circulation. The principal offsetting changes were increases of $63 million in Treasury deposits with Federal Reserve Banks, $6l million in Other deposits with Federal Reserve Banks, and $59 million in Foreign deposits with Federal Reserve Banks. The increase of $225 million in Reserve Bank credit resulted from increases of $142 million in Float, $39 million in Loans, discounts and advances, $25 million in U. S. Government securities "bought outright, and $19 million in U. S. Government securities held under repurchase agreement. Holdings of U. S. Government securities bought outright reflected an increase of $25 million in bills. Change since Member Bank Reserves August 19, August 12, August 20 and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 24,989 + 25 +1,957 Held under repurchase agreement 19 + 19 + 19 Loans, discounts and advances 818 + 39 - 165 Float 751 +142 - 44 Total 26,577 +225 +1,767 Gold stock 22,228 -1,116 Treasury currency outstanding 4,861 + 2 + 95 Money in circulation 30,145 - 13 +1,077 Treasury cash holdings 1,280 + 5 1 Treasury deposits with F. R. Banks 738 + 63 + 212 Foreign deposits with F. R. Banks 610 + 59 - 229 Other deposits with F. R. Banks 390 + 61 + 172 Other F. R. accounts (net) 862 + 3 + l4l Member bank reserves 19,641 + 48 - 626 Required reserves (estimated) 18,831 - 75 - 821 Excess reserves (estimated) 810 +123. + 195 Daily averages for period-- Estimated excess reserves of member b 687 - 55 + 15 Member bank borrowings at F. R. Banks 743 - 95 56 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,464 million, an increase of $28 million for the week and an increase of $410 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 19, August 12, August 20, 1953 1953 1952 A S S E TS Gold certificates 20,246,104 + 3 -1,207,397 Redemption fund for F. R. notes 798,477 + 7,709 + 103,239 Total gold certificate reserves 21,044,581 + 7,712 -1,104,158 Other cash 335,411 - 986 - 9,674 Discounts and advances 814,989 + 38,646 - 164,009 Industrial loans 2,821 - 37 - l,66l U. S. Government securities: Bought outright-- Bills 1,697,304 + 25,000 +1,322,304 Certificates 4,995,716 -- -6,857,500 Notes 13,773,671 +8,205,598 -- Bonds 4,521,975 713,848 - - - Total bought outright 24,988,666 + 25,000 +1,956,554 Held under repurchase agreement 19,000 + 19,000 + 19,000 Total U. S. Government securities 25,007,666 + 44,000 +1,975,554 Total loans and securities 25,825,476 + 82,609 +1,809,884 Due from foreign banks 22 - 1 - 1 F. R. notes of other banks 176,428 - 3,758 - 6,410 Uncollected cash items 3,999,601 + 241,492 + 257,201 Bank premises 50,071 + 45 + 4,637 Other assets 162,387 + 6,358 - 68,672 TOTAL ASSETS 51,593,977 + 333,471 + 882,807" L I A B I L I T I ES Federal Reserve notes 25,892,405 - 7,459 + 997766,,334477 Deposits: Member bank--reserve accounts 19,640,898 + 48,331 662266,,111188 - U. S. Treasurer--general account 738,086 + 63,567 + 212,105 Foreign 609,885 + 58,863 - 229,276 Other 390,196 + 61,607 + 172,311 Total deposits 21,379,065 + 232,368 "%7b,97B - Deferred availability cash items 3,248,505 + 99,626 + 300,754 Other liabilities and accrued dividends 18,548 + 1,027 + 2,665 TOTAL LIABILITIES 50,538,523 + 325,562 + 808,788 C A P I T AL A C C O U N TS Capital paid in 261,087 + 186 + 1144,,770033 Surplus (Section 7) 584,676 + 46,334 -- Surplus (Section 13b) 27,543 -- Other capital accounts 182,148 + 7,723 + 12,982 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,593,977 + 333,471 + 882,807 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 4444..55$$ - ,2fo - 2.% Contingent liability on acceptances purchased for foreign correspondents 2255,,333344 150 + 1166,,119988 - Industrial loan commitments 3,653 24 2,624 " MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 19, 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 757,073 693 424,900 16 to 90 days 56,959 249 2,147,229 91 days to 1 year 157 1,463 13,194,016 Over 1 year to 5 years 4i6 6,452,264 Over 5 years to 10 years 1,374,400 Over 10 years 1,414,857 Total 614,989 2,021 25,007,555 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H A. 1(b) STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BANKS ON AUGUST 19, 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 20,246,104 690,325 6,335,328 1210,879 1475,202 731,723 638,508 4385,256 516,043 312,603 891,361 471,952 2586,924 Redei^tion^fund for ^8,4?7 64,010 . 106,039 61,042 85,111 83,607 60,796 124,353 50,315 25,910 40,078 31,128 66,088 ^reserves certiflcate 21,044,581 754,335 6,441,367 1271,921 1560,313 815,330 699,304 4509,609 566,358 338,513 931,439 503,080 2653,012 Other cash 335,411 28,709 64,169 22,718 22,615 15,892 26,150 70,661 ' 17,066 5,521 10,857 12,007 39,046 Discounts and advances 81^989 l^>5 243,218 13,668 2,8 0 4l,448 45,929 154,486 5,386 14,738 35,243 45,498 107,660 9 7 Industrial loans 2,821 - - 2,133 - 100 482 - - 106 - - - U. S. Govt, securities: B°Bills°Utri6ht~" 1,697,304 117,817 380,448 106,317 164,864 118,595 101,873 251,099 91,384 52,216 67,400 80,317 164,974 —' « &E §$:§ X Held under repurchase agreement 19,000 - 19,000 - ~ ~ ] ~ ~ ~ ] [ ~ T°securitlesG°Verninent 25,007,666 1734,727 5,620,068 1565,265 2427,224 1746,196 1499,750 3696,776 1345,227 768,751 992,300 1182,487 2428,895 T°securitiesan~ 25,825,476 1749,572 5,863,286 1581,066 2520,094 1787,744 1546,161 3851,262 1350,613 783,595 1027,543 1227,985 2536,555 ,|g 41 a; 4:1 W 4, « sji ft ii -i 4 Otherassets 162^87 11,798 35,290 9,947 15,846 11,140 10,470 23,581 8,315 4,930 7,213 8,195 15,662 TOTAL ASSETS 51,593,977 2862,239 13,212,498 3161,800 4490,024 2978,662 2573,761 9120,895 2113,671 1254,412 2196,071 1944,769 5685,175 Digitized for FRASER 1/ After deducting $l6,000 participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 19, 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 Kans.Cy. Dallas SanFran. Federal Reserve notes 25,892,405 1590,422 5,682,171 1842,998 2417,533 1789,731 1368,017 5018,946 1171,933 1010,601 729,014 2637,954 Deposits: Member bank-reserve accts. 19,640,898 813,024 6,022,244 902,403 1526,619 786,248 864,013 3248,348 704,013 451,121 930,271 934,885 2457,709 U.S.Treasurer-general acct 738,086 69,699 148,449 7^,142 83,318 43,493 35,793 101,280 38,323 33,422 21,997 38,523 49,647 Foreign 609,885 36,838 1/184,115 45,293 55,559 30,195 25,968 82,734 22,948 15,098 22,948 27,176 61,013 Other 390,196 5,600 304,509 2,746 4,377 1,931 815 847 7,610 1,328 1,553 759 58,121 Total deposits 21,Sf9,065 925,161 6,659,317 1024,584 1669,873 861,867 926,589 3433,209 772,894 500,969 976,769 1001,343 2:6 26,490 Deferred avail, cash items 3,248,505 278,924 570,478 214,736 303,719 269,352 229,654 520,774 124,968 91,013 166,495 164,698 331133,,669944 Other liabilities and accrued dividends 18,548 1,232 5,180 971 1,812 1,070 956 2,732 783 710 666 896 1,540 TOTAL LIABILITIES §0,538,523 2795,739 12,917,146 3083,289 4392,937 2922,020 2525,216 8975,661 2070,578 1225,777 2154,531 1895,951 5579,678 Capital paid in 261,087 14,235 81,470 17,791 24,792 11,347 10,997 33,623 8,971 5,838 10,000 13,163 28,860 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) 27,5^3 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 182,148 12,792 39,060 12,653 17,225 12,698 10,983 25,554 9,973 6,593 8,478 8,967 17,172 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,593,977 2862,239 13,212,498 3161,800 4490,024 2978,662 2573,761 9120,895 2113,671 1254,412 2196,071 1944,769 5685,175 Contingent liability on acceptances purchased for foreign correspondents 25,334 1,546 2/ 7,464 1,901 2,332 1,267 1,090 3,473 963 634 963 1,141 2,560 Industrial loan commitments 3,653 1,909 749 52 4l 902 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,866,584 1656,106 5,899,791 1906,572 2494,357 1872,101 1435,678 5120,442 1217,428 648,628 1040,143 765,845 2809,493 Collateral for F.R. notes: Gold certificates 11,983,000 390,000 3,920,000 745,000 800,000 430,000 310,000 2800,000 260,000 145,000 280,000 183,000 1700,000 Eligible paper 404,995 14,265 214,895 12,955 40,973 4,825 14,500 34,882 — 67,700 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 27,987,995 1704,265 6,234,895 1957,955 2500,000 1920,973 1510,000 5200,000 1309,825 684,500 1114,882 783,000 3067,700 1/ After deducting $425,750,000 participations of other Federal Reserve Banks. 2/ After deducting $17,870,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis