H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BtiAM) <$ GOV^fikDRS d!P Wg FEDERAL RESERVE StSTEM (For Immediate Release) September 10, 1953 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended September 9; Member ban kreserves decreased $221 million. The principal changes reducing reserves were increases of $239 million in Money in circulation, $33 million in Treasury deposits with Federal Reserve Banks, $31 million in Foreign deposits with Federal Reserve Banks, and $30 million in Other deposit swith Federal Reserve Banks. The principal offsetting change was an increase of $108 millio nin Reserve Bank credit. The increase of $108 millio nin Reserve Bank credit resulted from increases of $100 millio nin Loans, discounts and advances, $39 million in U. S. Government securities held under repurchase agreement, and $20 million in U. S. Government securities bought outright, and a decrease of $51 million in Float. Holdings of U. S. Government securities bought outright reflected an increase of $20 million in bills. Change since Member Bank Reserves Sept. 9, Sept. 2, Sept 10, and Related Items 1953 1952 (in millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 25,034 + 20 +1,918 Held under repurchase agreement 92 + 39 - 21 Loans, discounts and advances 494 +100 - 390 Float 559 - 51 - 200 Total 26,179 +108 +1,307 Gold stock 22,178 -1,166 Treasury currency outstanding 4,865 + 89 Money in circulation +1,115 Treasury cash holdings 3? ;$ t23? 5 Treasury deposits with F. R. Banks 574 + 33 + 227 Foreign deposits with F. R. Banks 569 + 31 - 220 Other deposits with F. R. Banks 363 + 30 + 204 Other F. R. account s(net) 859 + 144 Member bank reserves 19,104 -221 -1,236 Required reserves (estimated) 31 18,722 ji -174 - 827 Excess reserves (estimated) 38e- 73 - 47 - 409 Daily averages for period-- Estimated excess reserves of member banks 701 +115 50 Member bank borrowings at F. R. Banks 802 +296 - 313 U. S. Government securities held in custody b ythe Federal Reserve Banks for foreign account were $2,576 million, a decrease of $16 million for the week an increase of $438 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 Sept. 9, Sept. 2, Sept. 10, 1953 1953 1952 A S S E TS Gold certificates 20,140,101 + 9,999 1,305,402 Redemption fund for F. R, notes 849.967 • •«- 12.698 + 152.308 Total gold certificate reserves 20,990,068 - 2,699 1,153,094 Other cash 308,054 - 26,887 - 16,142 Discounts and advances 490,873 + 99,439 — 388,957 Industrial loans 2,784 + 74 1,829 U. S. Government securities: Bought outright- Bills 1,742,304 + 20,000 + 1,283,304 Certificates 4,995,716 — - 6,857,500 Notes 13,773,671 —— + 8,205,598 Bonds 4.521.975 wmmm - 713.848 Total bought outright 25,033,666 + 20,000 + 1,917,554 Held under repurchase agreement 92.500 + 39.500 •«» 20.000 Total U. 3. Government securities 25.126.166 + 59.500 + 1.897.554 Total loans and securities 25,619,823 + 159,013 + 1,506,768 Due from foreign banks 22 — - 1 F. R. notes of other banks 166,475 6,426 - 22,212 Uncollected cash items 3,248,002 - 178,099 - 325,837 Bank premises 49,984 + 16 + 4,675 Other assets 188.854 + 8.259 67.946 — TOTAL ASSETS 50,571,282 46,823 73,789 L I A B I L I T I ES Federal Reserve notes 26,173,941 + 198,542 + 994,741 Deposits: Member bank—reserve accounts 19,104,105 - 221,042 MB 1,235,960 U, S. Treasurer—general account 573,537 + 32,853 + 226,698 Foreign 568,948 + 30,691 - 219,664 Other 363.392 + 30.477 + 204.742 Total deposits 20,609,982 127,021 1,024,184 - - Deferred availability cash items 2,689,119 - 127,074 - 125,462 Other liabilities and accrued dividends 19.398 + 777 + 3.683 TOTAL LIABILITIES 49,492,440 — 54,776 151,222 C A P I TA L A C C O U N TS Capital paid in 261,342 + 7755 + 14,871 Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 —— — Other capital accounts 205.281 + 7,878 + 16.228 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,571,282 46,823 73,789 Ratio of gold certificat ereserves to deposit and F, R. not eliabilities combined 44.9% —— - 2.k% Contingent liability on acceptances purchased for foreign correspondents 26,373 + 1,050 + 17,254 Industrial loan commitments 3,388 - 62 - 2,781 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. SEPT. 9. 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 469,275 556 1,344,925 16 to 90 days 21,537 732 8,837,454 91 days to 1 year 61 965 5,702,266 Over 1 year to 5 years 531 6,452,264 Over 5 years to 10 years 1,374,400 Over 10 years 1.414.857 Total ' 490,873 2,784 25,126,166 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.4.1(b) STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS OK SEPTEMBER 9, 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 20,140,101 1066,304 5,375,465 1245,495 1768,269 1083,282 877,921 3719,507 802,631 503,434 782,851 692,876 2222,066 ReF?mR?1notesIld f°r SZl9.967 4.755 140.276 60.569 84.773 81.924 '60.572 134.013 50.216 2%m. b£U 21*241 T°reserves certli'icate 20,990,068 1121,059 5,515,741 1306,064 1853,042 1165,206 938,493 3853,520 852,847 529,310 822,877 723,917 2307,992 Other cash 308,054 25,579 62,418 19,108 20,857 13,916 24,208 68,264 15,364 4,675 10,860 10,938 31,867 Discounts and advances 490,873 6,605 85,995 16,332 27,050 16,568 24,115 80,885 7,275 9,800 47,892 18,071 15 ,2 5 Industrial loans 2,784 — — 2,048 — 100 531 — — 105 ~~ U. S. Govt, securities: Bought outright— . Bills 1,742,304 95,939 448,518 104,981 147,903 103,318 89,117 301,126 73,300 43,002 75,935 69,209 189,956 Certificates 4,995,716 275,084 1,286,037 301,012 424,081 296,246 255,526 863,420 210,175 123,299 217,728 198,445 544,663 KZ % - SS ? • % :% S - 5 ?^ a - g ' S -S M ° Total 25,033,666 1378,454 6,444,367 1508,379 2125,083 1484,496 1280,447 4326,619 1053,191 617,856 1091,042 994,412 2729,320 Held under repurchase agreement 92.500 -— 92.500 — — — — — ~~ ~"* • * — Total U. S. Government securities 25.126.166 1378.454 6.536.867 1508.379 2125.083 1484.496 1280.447 4326^619 1053.191 617.856 1091.042—994*41% 2729,320 Total loans and securities 25,619,823 1385,059 6,622,862 1526,759 2152,133 1501,164 1305,093 4407,504 1060,466 627,761 1138,934 1012,483 2879,605 Due from foreign banks 22 1 l/ 6 2 2 1 1 3 1 1 1 1 % F.R.notes of other bank s166,475 4,118 26,552 10,925 7,159 19,060 19,440 18,105 9,443 15,887 6,957 7,417 21,412 Uncollected cash items 3 248,002 269,621 642,209 203,281 269,337 306,008 216,902 492,520 146,331 95,343 167,331 141,879 297,240 ^he/asSts8 lI:E% 4 ^6 ll:^5 A lg 10^8 3l:539 7^99 4 :B lisZ 7,941 2 0^ TOTAL ASSETS $0,571,282 2821,731 12,924,113 3081,552 4323,784 3021,387 2518,163 8878,20 42095,070 1278,63 12158,023 1905,178 5565,446 ; l/ After deducting $16,000 participation sof other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(d) STATEMENT' Or 'COKBHiO?^ OF T3E FEDERA LRESERVE BASKS ON SEPTEfflER 9, 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 Mple. Kans.Cy. Dallas SanFran. Federal Reserve notes 26,173,9^1 1606,270 5,752,670 1855,075 2435,752 1825,536 1383,453 5047,18 11181,682 639,381 1019,245 738,73b 2688,960 Deposits: Member bank-reserve accts.1 9,104,105 819,199 5,767,359 894,721 1470,167 804,491 837,773 3164,842 684,574 469,412 885,340 928,875 2377,352 U.S.Treasurer-general acct 573,537 36,830 94,060 37,184 40,463 44,459 40,842 68,728 34,610 42,619 48,551 39,645 45,546 Foreign 568,948 34,142 1/174,338 41,978 51,492 27,985 24,067 76,679 21,269 13,993 21,269 25,187 56,549 Other 363,392 4,078 298,749 l,c6o 7,167 3,528 663 1,339 7,282 1,396 2,702 1,467 33,961 Total deposits 20,609,982 894,249 6,334,506 974,9^3 1569,289 880,463 903,345 3311,588 747,735 527>20 957,862 995A74 2513,408 Deferred avail, cash items 2,689,119 252,233 530,017 170,674 217,629 256,169 180,573 367,358 120,713 81,845 137,715 120,727 253,466 Other liabilities and accrued dividends 19,398 1,175 5,765 962 1,954 987 909 3,021 754 737 720 720 1,694 TOTAL LIABILITIES 49,492,440 2753,927 12,622.958 3001,654 4224,624 2963,155 2468,280 8729,148 2050,884 1249,383 2115,542 1855,357 5457,528 Capital paid in 261,342 14,235 81,539 17,797 24,808 11,383 11,026 33,678 8,971 5,842 10,015 13,165 28,883 Surplus (Section 7) 584,67b 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 205,281 14,096 44,794 14,034 19,282 14,252 12,292 29,321 11,066 7,202 9,404 9,968 19,570 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,571,282 2821,731 12,924,113 3081,552 4323,784 3021,387 2518,163 8878,204 2095,070 1278,631 2158,023 1905,178 5565,446 Contingent liability on acceptances purchased for foreign correspondents 26,373 1,609 2/7,779 1,978 2,427 1,319 1,134 3,613 1,002 659 1,002 1,187 2,664 Industrial loan commitments 3,388 1,662 749 52 39 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 7,121,089 1652,243 5,947,752 1916,827 2513,832 1906,772 1449,275 5172,408 1252,485 651,853 1048,621 777,295 2831,726 Collateral for F.R. notes: Gold certificates 11,518,000 640,000 3,220,000 745,000 1000,000 580,000 36306,00,00000 22550000,0,00000 3 55,000 175,000 280,000 283,000 1380,000 Eligible paper 312,452 6,605 65,895 16,332 -- 16,568 -- - 7,075 9,800 47,892 -- 142,285 U. S. Govt, securities 16,320,000 1200,000 2,800,000 1200,000 1550,000 1350,000 1100,000 2700,000 975,000 500,000 800,000 525,000 1620,000 Total collateral 28,150,452 1846", 605 6,085,895 1961,332 2550,000 1946,568 1460,000 5200,000 1337,075 684,800 1127,892 808,000 3142,285 1/ After deducting $394,589,000 participations of other Federa lReserve Banks. 2/ After deducting $18,594,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis