H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNOR^ OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) Odtober 15, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended October 14, Member bank reserves increased $254 million. The principal changes supplying reserves were decreases of $176 million in Treasury deposits with Federal Reserve Banks, $23 million in Foreign deposits with Federal Reserve Banks, and $13 million in Treasury cash holdings, and an increase of $84 million in Reserve Bank credit. The principal offsetting change was an increase of $38 million in Money in circulation. The increase of $84 million in Reserve Bank credit resulted from increases of $79 million in Float and $15 million in U. S. Government securities held under repurchase agreement, and a decrease of $10 million in Loans, discounts and advances. Change since Member Bank Reserves Oct. 14, Oct. 7, Oct. 15 and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit; U. S. Government securities-- Bought outright 25.348 +1,685 Held under repurchase agreement 15 + 15 + 15 Loans, discounts and advances 274 - 10 - 502 Float 685 + 79 - 202 Total 26,322 + 84 + 997 Gold stock 22,128 -1,213 - - Treasury currency outstanding 4,873 + 1 + 86 Money in circulation 30,412 + 38 + 795 Treasury cash holdings 1,271 - 13 5 Treasury deposits with F. R. Banks 348 -176 + 136 Foreign deposits with F. R. Banks 461 - 23 - 214 Other deposits with F. R. Banks 375 + 5 + 196 Other F. R. accounts (net) 899 + 18 Member bank reserves 19,557 +254 -1,056 Required reserves (estimated) 18,709 - 78 -1,380 Excess reserves (estimated) 848 +332 + 324 Daily averages for period-- Estimated excess reserves of member banks 775 +131 + 63 Member bank borrowings at F. R. Banks 495 + 83 - 692 U. S. Government securities held in-custody by the Federal Reserve Banks for foreign account were $2,657 million, an increase of $11 million for the week and an increase of $383 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.4,l(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since October 14, October 7, October 15, mi— 195? 1952 A S S E TS Gold certificates 20,093,102 + 12,000 - 1,335,002 Redemption fund for F, R, notes 859,267 138 + 148,042 Total gold certificate reserves 20,952,369 + 11,862 - 1,186,960 Other cash 338,867 + 9,500 + 16,842 Discounts and advances 271,475 9,880 - 500,179 Industrial loans 2,672 137 1,621 U. S. Government securities: Bought outright— Bills 2,056,312 —« + 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 —— + 1,685,112 Held under repurchase agreement 15.000 + 15.000 + 15.000 Total U. S. Government securities 25,362,674 + 15,000 + 1,700,112 Total loans and securities 25,636,821 + 4,983 + 1,198,312 Due from foreign banks 22 —— - 1 F, R, notes of other banks 165,446 - 5,758 + 4,559 Uncollected cash items 4,517,269 + 1,107,748 - 296,772 Bank premises 50,081 + 52 + 4,422 Other assets 191.653 + 10.061 + 64.362 TOTAL ASSETS 51,852,528 + 1,138,448 195,236 L I A B I L I TJ_E_ Federal Reserve notes 26,138,456 + 39,703 + 750,808 Deposits: Member bank—reserve accounts 19,557,272 + 254,031 — 1,055,529 U. S. Treasurer—general account 348,423 - 175,844 + 135,934 Foreign 461,100 - 22,556 - 213,691 Other 374.980 + S167 + 195.995 Total deposits 20,741,775 + 60,798 - 937,291 Deferred availability cash items 3,831,921 + 1,028,581 - 95,262 Other liabilities and accrued dividends 22,363 + 1,378 + 4,510 TOTAL LIABILITIES 50,734,515 + 1,130,460 - 277,235 C A P I T AL A C C O U N TS Capital paid in 261,838 + 98 + 13,967 Surplus (Section 7) 584,676 + 4466,,333344 Surplus (Section 13b) 27,543 Other capital accounts 243.956 + 7,890 + 21.698 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,852,528 + 1,138,448 195,236 — Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 44,7% . — .1% - 2.3% Contingent liability on acceptances purchased for foreign correspondents 25,612 43 8 + 11,440 mm Industrial loan commitments 3,398 + 80 - 2,562 MATURITY DISTRIBUTION OF LOANS AND SECURITIES .OCTOBER 14. 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 235,322 552 414,404 16 to 90 days 32,253 1,138 9,148,658 91 days to 1 year 3,900 904 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 FR T A o SE t R al 271,475 2,672 25,362,674 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 14, 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 20,093,102 1021,742 5,426,889 1219,121 1731,465 1091,240 878,250 3650,025 822,801 463,767 774,158 651,376 2362,268 Redemption fund for F. R. notes Total gold certificate reserves 20,952,369 1075,875 5,574,913 1280,507 1815,342 1168,224 938,213 3793,138 872,704 489,546 813,980 682,200 2447,727 Other cash 338,867 24,410 79,343 22,057 21,194 14,777 28,877 64,572 16,785 7,129 10,653 10,357 38,713 Discounts and advances 271,475 5,822 21,065 4,625 20,994 11,428 22,251 100,969 5,666 9,318 25,597 38,348 5,392 Industrial loans 2,672 1,956 — 80 538 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 HU4,Y2« iuuo,et$b Held under repurchase agreement 15,000 — 15,000 — ™ — ~ — %% "*• . Total U. S. Government securities 25,362,674 1395,744 6,540,201 1527,299 2151,739 1503,117 1296,508 4380,889 1066,402 625,606 1104,728 1006,886 2763,555 Total loans and securities 25,636,821 1401,566 6,561,266 1533,880 2172,733 1514,625 1319,297 4481,858 1072,068 635,022 1130,325 1045,234 2768,947 Due from foreign banks 22 1 1 /6 2 2 1 1 3 1 1 1 i , F.R.notes of other banks 165,446 4,820 25,742 11,251 8,132 18,167 18,813 18,586 8,725 11,057 7,955 7,348 24,850 Uncollected cash items 4,517,269 384,640 903,621 264,533 390,079 398,922 295,646 751,259 199,467 123,277 208,861 206,426 390,538 Bank premises 50,081 5,100 7,091 4,440 4,536 4,783 3,631 6,744 2,921 1,031 2,150 598 7,056 Other assets 191,653 12,026 48,418 11,110 16,511 11,186 10,590 31,780 7,735 4,672 9.020 8,113 20,492 TOTAL ASSETS 51,852,528 2908,438 13,200,400 3127,780 4428,529 3130,685 2615,068 9147,940 2180,406 1271,735 2182,945 1960,277 5698,325 1/ After deducting #16,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 14, 1953 (In thousands of dollars) L I A B I L IT I BS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 26,138,456 1605,986 5,735,174 1846,292 2426,826 1845,696 1390,938 5038,761 1190,170 642,071 1015,982 741,306 2659,254 Deposits: Member bank-reserve accts. 19*557>272 821,746 5,879,236 901,112 1505,924 824,181 871,810 3248,060 731,409 450,974 915,072 930,147 2477,601 U.S.Treasurer-general acct. 348,423 25,501 43,9^1 17,856 31,328 29,013 33,135 34,598 28,430 27,405 24,409 20,069 32,738 Foreign 461,100 27,688 1/141,OftL 34,043 41,759 22,695 19,518 62,184 17,248 11,348 17,248 20,426 45,862 Other 374,980 4,898 2,517 2,779 812 8,584 541 612 33,362 Total deposits 20,741,775 880,215 6,377,168 954,323 1583,909 878,406 927,242 3345,654 785,671 491,100 957,270 971,254 2589,563 Deferred avail, cash items 3,831,921 351,417 769,367 243,792 313,281 345,114 244,105 603,869 158,040 107,742 164,677 195,499 335,018 Other liabilities and accrued dividends 22,363 1,067 7,233 1,164 2,036 1,081 1,028 3,354 818 706 862 886 2,128 TOTAL LIABILITIES 50,734,515 2838,685 12,888,942 3045,571 4326,052 3070,297 2563,313 8991,638 2134,699 1241,619 2138,791 1908,945 5585,963 Capital paid in 261,838 14,238 81,570 17,840 24,851 11,391 11,043 33,869 8,991 5,853 10,022 13,210 28,960 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 243,956 16,042 55,066 16,302 22,556 16,400 14,147 36,376 12,567 8,059 11,070 11,434 23,937 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,852,528 2908,438 13,200,400 3127,780 4428,529 3130,685 2615,068 9147,940 2180,406 1271,735 2182,945 1960,277 5698,325 Contingent liability on acceptances purchased for foreign correspondents 25,612 1,563 2/ 7,554 1,921 2,357 1,281 1,101 3,509 973 64o 973 1,153 2,587 Industrial loan commitments 3,398 1,560 748 52 138 30 870 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 27,076,094 1655,556 5,941,089 1917,762 2506,563 1915,424 1452,724 5151,879 1238,729 654,262 1046,628 776,697 2818,781 Collateral for F.R. notes: Gold certificates 11,463,000 640,000 3,220,000 745,000 1000,000 600,000 385,000 2400,000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 78,007 5,395 17,375 4,100 — 10,578 5,400 9,143 25,331 — 685 U. S. Govt, securities 16,620,000 1200,000 2,900,000 1200,000 1550,000 1350,000 1100,000 2900,000 975,000 500,000 800,000 525,000 1620,000 Total collateral 28,161,007 1845,395 6,137,375 1949,100 2550,000 1960,578 1485,000 5300,000 1335,400 684,143 1105,331 808,000 3000,685 1/ After deducting $319,999,000 participations of other Federal Reserve Banks. 2/ After deducting $18,058,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis