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 27, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 26, Member bank reserves decreased $201 million. The principal change reducing reserves was a decrease of $444 million in Reserve Bank credit. The principal offsetting changes were decreases of $92 million in Foreign deposits with Federal Reserve Banks, $69 million in Treasury deposits with Federal Reserve Banks, $38 million in Money in circulation, and $36 million in Other deposits with Federal Reserve Banks. The decrease of $444 million in Reserve bank credit resulted from decreases of $291 million in Loans, discounts and advances, and $162 million in Float, and an increase of $9 million in U. S. Government securities held under repurchase agreement. : Change since Member Bank Reserves August 26, August 19, August 27, and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 24,989 +1,934 - - Held under repurchase agreement 28 + 9 9 Loans, discounts and advances 527 -291 - 375 Float 587 -162 * - 23 Total 26,131 -444 * +1,528 Gold stock 22,228 -1,116 — — Treasury currency outstanding 4,862 + 1 + 94 Money in circulation 30,105 - 38 * + 976 Treasury cash holdings 1,273 - 7 - 3 Treasury deposits with F. R. Banks 669 - 69 38 - Foreign deposits with F. R. Banks 518 - 92 331 - Other deposits with F. R. Banks 354 - 36 + 119 Other F. R. accounts (net) 862 — — + l4l Member bank reserves 19,440 -201 - 357 Required reserves (estimated) 18,871 + 40 - 772 Excess reserves (estimated) 569 -241 + 415 Daily averages for period-- Estimated excess reserves of member banks 609 - 78 + 32 Member bank borrowings at F. R. Banks 489 -254 - 568 * August 19 figures revised. U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,580 million, an increase of $116 million for the week and an increase of $507 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 26, August 19, August 27, 1953 1953 1952 A S S E TS Gold certificates 20,245,102 3,002* - 1,205,401 Redemption fund for F. R. notes 797,665 812 + 101,412 Total gold certificate reserves 21,042,767 - 3TBI5* - 1,103,989 Other cash 345,004 + 9,593 625 Discounts and advances 524,138 - 290,851 - 372,893 Industrial loans 2,851 + 30 1,623 U. S. Government securities: Bought outright-- Bills 1,697,304 + 1,299,804 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 1,934,054 Held under repurchase agreement 28,400 + 9,400 - 8,600 Total U. S. Government securities 25,017,066 + 9,400 + 1,925,454 Total loans and securities 25,544,055 - 281,421 + 1,550,938 Due from foreign banks 22 1 F. R. notes of other banks 184,701 + 8,273 + 4,039 Uncollected cash items 3,432,366 - 565,235* + 211,292 Bank premises 50,024 47 + 4,700 Other assets 170,598 + 8,211 - 68,158 TOTAL ASSETS 50,769,537 - 824,440 + 59M96 L I A B I L I T I ES Federal Reserve notes 25,859,964 - 32,441 893,523 Deposits: Member bank--reserve accounts 19,440,430 - 200,468 356,095 U. S. Treasurer--general account 669,242 - 68,844 37,796 Foreign 517,638 - 92,247 331,509 Other 353,705 - 36,491 118,388 Total deposits 20,981,015 - 398,050 607,012 Deferred availability cash items 2,845,697 - 402,808 + 234,207 Other liabilities and accrued dividends . 19,751 1,203 TOTAL LIABILITIES 49,706,427 - 832,096 + 522,896 C A P I T AL A C C O U N TS Capital paid in 261,192 + 105 14,794 Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 Other capital accounts 189,699 + 7,551 + 14,172 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,769,537 - 824,440 + 598:196 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 44.9# + M - 2.7# Contingent liability on acceptances purchased for foreign correspondents 25,291 43 16,189 Industrial loan commitments 3,596 57 2,699 * Attguot 19 -figures* revised. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST 26, 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 490,719 559 3597500 16 to 90 days 33,269 203 2,211,729 91 days to 1 year 150 1,498 13,194,016 Over 1 year to 5 years — 48l 6,452,264 Over 5 years to 10 years -- — 1,374,400 Over 10 years — __ 1,414,857 ^Total 524,138 ~ 2,851 25 ,'017,'066 Digitiz^ed f/oyr £FtR*AeSER vuMi, , lOv*L<u«£. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS ON AUGUST 26, 1953 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St^Xouis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 20,24$,102 635,979 6,532,124 1193,04l 1467,132 706,804 594,605 4433,112 504,963 295,587 883,881 485,869 2512,005 Redemption fund for F. R. notes 797,665 64,918 105,694 60,889 84,999 82,885 60,714 124,232 50,276 25,896 40,053 31,095 66,014 Total gold certificate reserves 21,042,767 700,897 6,637,818 1253,930 1552,131 789,689 655,319 4557,344 555,239 321,483 923,934 516,964 2578,019 Other cash 345,004 29,064 68,271 21,937 25,244 16,261 26,759 71,810 16,946 5,004 11,029 12,562 40,117 Discounts and advances 524,138 16,055 70,030 30,393 43,396 40,923 44,620 77,o6o 10,265 15,400 47,520 48,64l 79,835 Industrial loans 2,851 — — 2,187 — 100 458 -- — 106 U. S. Govt, securities: Bought outright— Bills 1,697,304 116,394 377,667 106,317 164,864 121,333 103,073 252,367 90,334 52,983 67,400 79,598 164,974 Certificates 4,995,716 342,576 1,111,597 312,927 485,249 357,124 303,385 742,793 265,872 155,961 198,379 234,269 485,584 Notes 13,773,671 944,516 3,064,779 862,769 1337,878 984,625 836,461 2047,952 733,035 430,000 546,953 645,902 1338,801 Bonds 4,521,975 310,090 1,006,185 283,252 439,233 323,258 274,615 672,354 240,659 141,172 179,568 212,053 439*536 Total 24,988,666 1713,57© 5,560,228 1565,265 2427,224 1786,340 1517,534 3715,466 1329,900 780,116 992,300 1171,822 2428,895 Held under repurchase agreement 28 y ^4-0 0—*• 28 y ^4-0 0— — — • — — —* — — — — — ~ — „ „ „ Total U, S. Government securities 25,017,066 1713,576 5,588,628 1565,265 2427,224 1786,340 1517,534 3715,466 1329,900 780,116 992,300 1171,822 2428,895 Total loans and securities 25,544,055 1729,631 5,658,6#6 1597,845 2470,620 1827,363 1562,612 3792,526 1340,165 795,622 1039,820 1220,463 2508,730 Due from foreign banks 22 1 l/ 6 .2 2 1 1 3 1 1 1 \ 2 F.R.notes of other bank s184,701 6,635 ' 31,277 9,626 8,229 21,738 19,731 18,793 8,473 17,309 8,777 8,992 25,121 uncollected cash items 3,432,366 255,389 629,668 196,335 313,955 289,087 228,572 558,432 157,672 97,805 181,960 164,632 358,859 Bank premises 50,024 5,059 7,128 4,338 4,554 4,803 3,634 6,750 2,919 1,035 2,182 606 7,016 Other assets 170,598 12,291 36,350 10,398 16,820 12,132 11,073 24,88o 8,705 5,196 7,5^3 8,520 16,670 TOTAL ASSETS 50,769,537 2738,967 13,069,176 3094,411 4391,555 2961,074 2507,701 9030,538 2090,120 1243,455 2175,266 1932,740 5534,534 l/ After deducting $l6,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

SmaTM?,ST 0? CONDITION OF THE FEDERAL FESEHVE BANKS ON AUGUST 26, 1953 H.4.1(c) (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 25,859,964 1585,751 5,680,643 1840,449 2418,937 1791,326 1361,831 5014,891 1169,383 631,809 1008,292 726,474 2630,178 Deposits: Member bank-reserve accts. 19,440,430 772,460 5,982,508 906,444 1498,454 800,023 842,412 3265,123 <691,983 437,412 914,333 952,356 2376,922 U.S.Treasurer-general acct. 669,242 37,321 150,297 59,899 61,949 45,347 39,169 85,984 33,929 43,827 40,093 34,911 36,516 Foreign 517,638 31,183 1/157,223 38,340 47,030 25,560 21,982 70,034 19,426 12,780 19,426 23,004 51,650 Other 353,705 4,855 296,439 2,386 5,266 1,641 584 937 8,694 1,814 319 636 30,134 Total deposits 20,981,015 845,819 6,586,467 1007,069 1612,699 872,571 904,147 3422,078 754,032 495,833 974,171 1010,907 2:4 95,222 Deferred avail, cash items 22,,884455,,669977 239,222 499,593 166,989 260,161 238,810 191,693 444,441 122,367 85,923 150,176 145,201 301,121 Other liabilities and accrued dividends 19,751 1,244 5,388 918 1,933 1,179 1,029 2,663 854 1,020 781 973 1,769 TOTAL LIABILITIES 49,706,427 2672,036 12,772,091 3015,425 4293,730 2903,886 2458,700 8884,073 2046,636 1214,585 2133,420 1883,555 5428,290 Capital paid in 261,192 14,235 81,508 17,791 24,796 11,350 10,997 33,667 8,970 5,838 10,015 13,164 28,861 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,l4o Other capital accounts 189,699 13,223 40,755 13,128 17,959 13,241 11,439 26,741 10,365 6,828 8,769 9,333 17,918 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,769,537 2738,967 13,069,176 3094,411 4391,555 2961,074 2507,701 9030,538 2090,120 1243,455 2175,266 1932,740 5534,534 Contingent liability on acceptances purchased for foreign correspondents 25,291 1,546 2/7,429 1,900 2,331 1,267 1,089 3,471 963 633 963 1,140 2,559 Industrial loan commitments 3,596 1,853 749 52 40 902 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,896,892 1659,166 5,906,262 1907,840 2490,722 1877,146 1430,991 5122,779 1219,945 648,218 1045,335 769,766 2818,722 Collateral for F.R. notes: Gold certificates 11,983,000 390,000 3,920,000 745,000 80800,00,0000 04 3403,00,00000 331100,,000000 22880000,,000000 280,000 145,000 280,000 183,000 1700,000 Eligible paper 303,146 16,055 67,955 30,393 — 40,923 — — 10,065 15,400 47,520 74,835 U. S. Govt, securities 15,650,000 1300,000 2,100,000 1200,000 1700,000 1500,000 1200,000 2400,000 1025,000 525,000 800,000 600,000 1300,000 Total collateral 27,936,146 1706,055 6,087,955 1975,393 2500,000 1970,923 1510,000 5200,000 1315,065 685,400 1127,520 783,000 3074,835 1/ After deducting $360,396,000 participations of other Federal Reserve Banks. 2/ After deducting $17,862,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis