H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H«4.1 (For Immediate Release) October 8, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended October 7> Member ban kreserves decreased $6 million. The principal changes reducing reserves were increases of $103 million in Money in circulation, $19 million in Other F. R. account s(net), and $18 million in Other deposits with Federal Reserve Banks, and a decrease of $14 million in Reserve Bank credit. The principal offsetting changes were decreases of $118 million in Treasury deposits with Federal Reserve Banks and $28 million in Foreign deposits with Federal Reserve Banks. The decrease of $14 million in Reserve Bank credit resulted from an increase of $113 million in U. S. Government securities bought outright and decreases of $79 million in Float and $48 million in Loans, discounts and advances. Holdings of U. S. Government securities bought outright reflected an increase of $113 million in bills. Change since Member Bank Reserves Oct. 7, Sept. 30, Oct. 8, and Related Items 1953 1953 1952 (in millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 25,348 +113 +1,685 Held under repurchase agreement Loans, discounts and advances 284 - 48 - 739 Float 606 - 79 - 92 Total 26,238 - 14 + 854 Gold stock 22,128 -1,213 Treasury currency outstanding - - 4,872 + 85 Money in circulation 30,374 +103 + 829 Treasury cash holdings 1,284 - 3 + 4 Treasury deposits with F. R. Banks 524 -118 - 72 Foreign deposits with F. R. Banks 484 - 28 - 239 Other deposits with F. R. Banks 370 + 18 + 121 Other F. R. account s(net) 899 + 19 + 19 Member bank reserves 19,303 6 936 Required reserves (estimated) 18,787 - 4o - 780 Excess reserves (estimated) 516 + 34 - 156 Daily averages for period-- Estimated excess reserves of member banks 644 + 97 - 28 Member bank borrowings at F. R. Banks 412 + 94 - 521 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,646 million, an increase of $5 million for the week and an increase of $404 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since October 7, Sept. 30, October 8, 1953 1953 1952 A S S E TS Gold certificates 20,081,102 + 9,998 1,357,998 Redemption fund for F.R. notes 859,405 - 2,958 + 156,469 Total gold certificate reserves 20,940,507 + 7,040 - 1,201,529 Other cash 329,367 - 14,743 - 111 Discounts and advances 281,355 47,992 - 737,223 Industrial loans 2,809 — 159 1,481 U, S, Government securities; Bought outright- Bills 2,056,312 + 113,000 + 1,690,112 Certificates 5,851,541 — + 850,825 Notes 13,773,671 Bonds 3,666,150 - 855,825 Total bought outright 25,347,674 + 113,000 + 1,685,112 Held under repurchase agreement Total U. S. Government securities 25,347,674 + 113,000 + 1,685,112 Total loans and securities 25,631,838 + 64,849 + 946,408 Due from foreign banks 22 — - 1 F, R, notes of other banks 171,204 - 27,038 8,020 Uncollected cash items 3,409,521 — 434,357 — 20,078 Bank premises 50,029 - 12 + 4,375 Other assets 181,592 - 11.217 + 61,466 TOTAL ASSETS 50,714,080 — 415,478 — 201,450 L I A B I L I T I ES Federal Reserve notes 26,098,753 + 65,440 + 766,260 Deposits: Member bank—reserve accounts 19,303,241 — 5,294 - 935,344 U, S. Treasurer—general account 524,267 - 118,137 - 71,963 Foreign 483,656 - 28,599 - 239,081 Other 369,813 + 18,182 + 121,215 Total deposits 20,680,977 - 133,848 - 1,125,173 Deferred availability cash items 2,803,340 - 355,328 + 71,862 Other liabilities and accrued dividends 20,985 + 292 + 4,572 TOTAL LIABILITIES 49,604,055 423,444 282,479 C A P I T AL A C C O U N TS Capital paid in 261,740 + 190 + 13,927 Surplus (Section 7) 584,676 —— + 46,334 Surplus (Section 13b) 27,543 — --- Other capital accounts 236.066 + „ 7,776 + 20.768 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,714,080 — 415,478 201,450 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 44*8% + .1% - 2,2% Contingent liability on acceptances purchased for foreign correspondents 26,050 — 205 + 11,982 Industrial loan commitments 3,318 24 2,673 * MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 7, 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 263,370 ... 607 416,404 16 to 90 days 17,985 1,160 9,131,658 91 days to 1 year 964 6,558,091 Over 1 year to 5 years 78 6,452,264 Over 5 years to 10 years 1,374,400 Over 10 years 1.414,857 Digitized for FRA T S o E t R a l 281,355 2,809 25,347,674 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 7, 1953 (in thousands of dollars) A SS E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran, Gold certificates 20,081,102 1041,504 5,408,403 1207,740 1775,324 1090,488 910,897 3644,077 809,784 450,917 801,905 711,828 2228,235 Redemption fund for F. R. notes 859,405 54,247 148,406 59,600 84,030 77,813 60,058 143,242 49,953 25,797 39,854 30,864 85,541 Total gold certificate reserves 20,940,507 1095,751 5,556,809 1267,340 1859,354 1168,301 970,955 3787,319 859,737 476,714 841,759 742,692 2313,776 Other cash 329,367 26,504 67,702 22,790 24,174 14,183 25,684 68,972 15,885 5,751 10,377 10,535 36,810 Discounts and advances 281,355 4,218 22,510 24,900 18,026 20,528 28,429 58,711 6,714 18,868 28,239 20,824 29,388 Industrial loans 2,809 - - 2,039 - 90 582 - 98 U. S. Govt, securities: Bought outright— Bills 2,056,312 113,229 529,351 123,901 174,559 121,939 105,179 355,396 86,512 50,752 89,620 81,683 224,191 Certificates 5,851,541 322,209 1,506,351 352,579 496,731 346,996 299,300 1011,334 246,180 144,422 255,028 232,441 637,970 Notes 13,773,671 758,433 3,545,729 829,919 1169,233 816,779 704,509 2380,531 579,472 339,948 600,298 547,132 1501,688 Bonds 3,666,150 201,873 943,770 220.900 311,216 217,403 187.520 633.628 154,238 90,484 159.782 145.630 399.706 Total 25,347,674 1395,744 6,525,201 1527,299 2151,739 1503,117 1296,508 4380,889 1066,402 625,606 1104,728 1006,886 2763,555 Held under repurchase agreement - - - - „ - _ _ _ _ __ Total U. S. Government securities 25,347,674 1395,744 6,525,201 1527,299 2151,739 1503,117 1296,508 4380,889 1066,402 625,606 1104,728 1006,886 2763,555 Total loans and securities 25,631,838 1399,962 6,547,711 1554,238 2169,765 1523,73 51325,519 4439,600 1073,116 644,572 1132,967 1027,710 2792,943 Due from foreign banks 22 1 1/6 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 171,204 4,441 25,676 10,297 8,884 19,026 16,449 18,285 8,421 13,457 8,433 10,199 27,636 Uncollected cash items 3,409,521 271,675 660,124 216,577 287,767 288,381 231,805 541,075 172,016 104,299 177,297 136,559 321,946 Bank premises 50,029 5,050 7,091 4,440 4,539 4,778 3,631 6,744 2,921 1,031 2,150 598 7,056 Other assets 181,592 10,897 45,796 10,624 15,987 10,512 10,064 30,277 7,330 4,472 8,584 7,642 19,407 TOTAL ASSETS 50,714,080 2814,281 12,910,915 3086,308 4370,472 3028,917 2584,108 8892,275 2139,427 1250,297 2181,568 1935,936 5519,576 1/ After deducting $16,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 7, 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 26,098,753 1593,253 5,715,808 1844,193 2422,439 1845,250 1394,252 5034,282 1187,896 642,765 1017,706 742,779 2658,130 Deposits: Member bank-reserve accts. 19,303,241 838,027 5,836,081 910,039 1512,892 814,594. 863,908 3131,375 711,726 446,818 914,193 966,079 2357,509 U.S.Treasurer-general acct. $24,267 36,112 95,092 33,902 43,060 41,890 55,392 66,611 32,005 26,834 42,436 23,529 27,404 Foreign 483,656 28,780 1/151,019 35,385 43,406 23,590 20,287 64,637 17,928 11,795 17,928 21,231 47,670 Other 369,813 4,342 308,977 1,323 4,672 3,657 1,770 806 9,105 964 438 809 Total deposits 20,680,977 907,261 6,391,169 980,649 1604,030 883,731 941,357 3263,429 770,764 486,411 974,995 1011,648 2465,533 Deferred avail, cash items 2,803,340 243,544 487,924 178,627 239,897 238,997 196,122 436,413 134,627 90,604 144,266 129,722 282,597 Other liabilities and accrued dividends 20,985 961 66,,661100 1,101 2,289 983 995 3,283 743 585 781 759 1,895 TOTAL LIABILITIES 49,604,055 2745,019 12,601,511 3004,570 4268,655 2968,961 2532,726 8737,407 2094,030 1220,365 2137,748 1884,908 5408,155 Capital paid in 261,740 14,237 81,564 17,833 24,851 11,391 ll,o4o 33,866 8,991 5,849 10,022 13,206 28,890 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 236,066 15,552 53,018 15,838 21,896 15,968 13,777 34,945 12,257 7,879 10,736 11,134 23,066 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,714,080 2814,281 12,910,915 3086,308 4370,472 3028,917 2584,108 8892,275 2139,427 1250,297 2181,568 1935,936 5519,576 Contingent liability on acceptances purchased for foreign correspondents 26,050 1,589 2/7,685 1,954 2,397 1,302 1,120 3,569 990 651 990 1,172 2,631 Industrial loan commitments 3,318 1,479 749 52 138 30 — — — — — — 87O —- — — — — FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 27,042,026 1656,261 5,919,229 1910,821 2498,541 1909,589 1453,475 5153,856 1246,105 652,004 1046,367 777,028 2818,750 Collateral for F.R. notes: Gold certificates 11,463,000 640,000 3,220,000 745,000 1000,000 600,000 385,000 24oo,ooo 355,000 175,000 280,000 283,000 1380,000 Eligible paper 143,766 4,035 20,575 24,675 — 19,878 —- — 6,600 18,793 28,125 21,085 U. S. Govt, securities 16,620,000 1200,000 2,900,000 1200,000 1550,000 1350,000 1100,000 2900,000 975,000 500,000 #00,000 525,000 1620,000 Total collateral 28,226,766 1844,035 6,140,575 1969,675 2550,000 1969,878 1485,000 5300,000 1336,600 693,793 1108,125 808,000 3021,085 l/ After deducting ^332,619,000 participations of other Federal Reserve Banks. 2/ After deducting $18,365,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis