H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) October 22, 1953 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended October 21, Member bank reserves increased $10 million. The principal changes supplying reserves were an increase of $115 million in Reserve Bank credit and decreases of $107 millio nin Money in circulation, and $17 million in Other deposit swith Federal Reserve Banks. The principal offsetting changes were an increase of $182 million in Treasury deposits with Federal Reserve Banks and a decrease of $51 million in Gold stock. The increase of $115 million in Reserve Bank credit resulted from an increase of $141 million in Float and decreases of $1$ millio nin U. S. Government securities held under repurchase agreement and $11 million in Loans, discounts and advances. Change since Member Bank Reserves Oct. 21, Oct. 14, Oct. 22 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 • ~ -- Loans, discounts and advances 263 - 11 - 871 Float 826 +l4l - 244 Total 26,437 +115 + 570 Gold stock 22,077 - 51 -1,263 Treasury currency outstanding 4,874 + 1 + 84 Money in circulation 30,305 -107 + 794 Treasury cash holdings 1,270 - 1 11 Treasury deposits with F. R. Banks 530 +182 - 88 Foreign deposits with F. R. Banks 461 - 223 - - Other deposits with F. R. Banks 358 - 17 + 113 Other F. R. account s(net) 897 - 2 + 19 Member bank reserves 19,567 + 10 -1,212 Required reserves (estimated) 18,780 + 71 -1,348 Excess reserves (estimated) 787 - 61 + 136 Daily averages for period-- Estimated excess reserves of member banks 958 +183 + 217 Member bank borrowings at F. R. Banks 243 -252 - 651 U. S. Government securities held in custody b ythe Federal Reserve Banks for foreign account were $2,667 million, an increase of $10 millio nfor the week and an increase of $380 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 FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since October21, October 14, October 22, 1953 1953 1952 A S S E TS Gold certificates 20,043,102 50,000 1,380,002 Redemption fund for F. R, notes 856,621 - 2.646 + 143,583 Total gold certificate reserves 20,899,723 - 52,646 - 1,236+619 Other cash 334,723 - 4,144 + 10,883 Discounts and advances 260,080 — 11,395 - 869,949 Industrial loans 2,578 94 1,823 U. S, Government securities: Bought outright— Bills 2,056,312 + 1,685,112 Certificates 5,851,541 + 855,825 Notes 13,773,671 mmtmm Bonds 3.666.150 - 855.825 Total bought outright 25,347,674 —— + 1,685,112 Held under repurchase agreement — - 15,000 — Total U. S. Government securities 25,347,6.74 — 15.000 + 1.685.112 Total loans and securities 25,610,332 — 26,489 + 813,340 Due from foreign banks 22 —• - 1 F. R, notes of other banks 178,536 + 13,090 - 7,099 Uncollected cash items 4,281,736 - 235,533 + 28,695 Bank premises 50,142 + 61 + 4,485 Other assets 201.120 + 9,467 + 65.408 TOTAL ASSETS 51,556,334 296,194 — 320,708 L I A B I L I T I ES Federal Reserve notes 26,037,172 - 101,284 + 729,195 Deposits: Member bank—reserve accounts 19,567,281 + 10,009 — 1,211,578 U, S, Treasurer—general account 530,309 + 181,886 mm 87,910 Foreign 460,588 - 512 - 223,080 Other , , 357,656 17.324 + 112.593 Total deposits 20,915,834 + 174,059 1,409,975 Deferred availability cash items 3,455,521 — 376,400 + 272,105 Other liabilities and accrued dividends 21.801 - 562 + 4.679 TOTAL LIABILITIES 50,430,328 304,187 403,996 C A P I T AL A C C O U N TS Capital paid in 262,023 + 185 + 14,088 Surplus (Section 7) 584,676 —— + 46,334 Surplus (Section 13b) 27,543 —mm Other capital accounts 251.764 + 7.808 + 22.866 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,556,334 — 296,194 — 320,708 Ratio of gold certificat ereserves to deposit and F. R, not eliabilities combined 44.5% - .256 - 2.056 Contingent liability on acceptances purchased for foreign correspondents 24,643 — 969 + 10,103 Industrial loan commitments 3,478 + 80 - 2,449 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 21. 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 221,349 546 344,554 16 to 90 day s38,731 993 9,203,508 91 days to 1 year — 962 6,558,091 Over 1 year to 5 years — 77 6,452,264 Over 5 years to 10 year s— — 1,374 400 Over 10 years — : l'.LlL'.&W Total 260,080 ~~ 2,578 25,347,674 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERA LKESEtiVE BANKS ON OCTOBER 21 ,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 20,043,102 1076,929 5,332,058 1231,632 1771,043 1088,409 896,740 3605,307 807,477 457,318 799,316 696,755 2280,118 Redemption^fund for 856,621 53,991 147,574 61,130 83,652 76,086 59,838 142,891 49,845 25,711 39,775 30,781 85,347 ^reserves certlflCate 0,899,723 1130,920 5,479,632 1292,762 1854,695 1164,495 956,578 3748,198 857,322 483,029 839,091 727,536 2365,465 2 other cash 334,723 26,251 74,368 22,171 23,943 15,711 26,665 61,337 16,360 6,524 10,389 11,571 39,433 Discounts and advances 260,080 2,522 20,370 6,080 25,014 17,578 22,476 64,369 10,891 19,818 21,093 43,477 6,392 Industrial loans 2,578 - - 1,875 - 80 526 - - 97 - - U. S. Govt, securities: Boug^outright-- 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 4380,88 91066,402 625,606 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 4380,88 91066,402 625,606 1104,728 1006,886 2763,555 Total loans and , securities 25,610,332 1398,266 6,545,571 1535,254 2176,753 1520,775 1319,510 4445,258 1077,293 645,521 1125,821 1050,363 2769,947 Due from foreign banks 22 l l /6 2 2 1 1 3 1 1 1 1 2 F.R.notes of other bank s178,536 7,103 33,223 11,738 8,909 21,593 16,432 19,002 8,546 10,931 7,323 8,543 25,193 Uncollected cash items 4*281,736 350,076 812,104 256,816 376,010 349,359 284,757 727>404 189,494 118,788 224,670 205,672 386,586 Bank premises 50,142 5,101 7,091 4,440 4,536 4,784 3,638 6,744 2,921 1,031 2,150 598 7,108 Other assets 201.120 11.959 50.696 11.667 17.412 11.630 11.157 33.861 8,144 4,870 9,498 8,634 21,592 TOTAL ASSETS 51,556,334 2929,677 13,002,691 3134,850 4462,26 03088,348 2618,738 9041,807 2160,081 1270,695 2218,943 2012,918 5615,326 Digitized for FRASER 1/ After deducting $16,000 participations of other Federa lReserve Banks, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BANKS ON OCTOBER 21, 1953 (In thousands of dollars) L I A B I LI T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 26,037,172 1594,450 5,702,448 1840,658 2421,110 1836,381 1385,424 5034,803 1190,030 641,369 1009,879 738,631 2641,989 Deposits: Member bank-reserve accts. 19,567,281 903,451 5,861,083 915,274 1525,355 824,721 867,716 3144,570 721,149 452,521 928,912 986,639 2435,890 U.S.Treasurer-general acct. 530,309 34,407 72,758 45,215 50,775 46,833 44,068 98,279 27,793 28,522 31,907 35,763 13,989 Foreign 460,588 27,761 1/139,722 34,133 41,869 22,755 19,569 62,349 17,294 11,378 17,294 20,480 45,984 Other 357,656 5,555 286,770 1,756 6,530 4,536 4,010 1,618 9,639 971 764 34,095 Total deposits 20,915,834 971,174 6,360,333 996,378 1624,529 898,845 935,363 3306,816 775,875 493,833 979,084 1043,646 2:5 29,958 Deferred avail. cash items 3,455,521 292,913 619,281 213,860 311,394 291,308 244,870 539,148 147,440 104,587 184,648 178,009 328,063 Other liabilities and accrued dividends 21,801 1,005 7,142 1,150 2,044 990 966 3,296 731 610 775 982 2,110 TOTAL LIABILITIES 50,430,328 2859,542 12,689,204 3052,046 4359,077 3027,524 2566,623 8884,063 2114,076 1240,399 2174,386 1961,268 5502,120 Capital paid in 262,023 14,239 81,571 17,982 24,862 11,391 11,043 33,881 8,995 5,853 10,023 13,226 28,957 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 251,764 16,423 57,094 16,755 23,251 16,836 14,507 37,8o6 12,861 8,239 11,472 11,736 24,784 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,556,334 2929,677 13,002,691 3134,850 4462,260 3088,348 2618,738 9041,807 2160,081 1270,695 2218,943 2012,918 5615,326 Contingent liability on acceptances purchased for foreign correspondents 24,643 1,503 2/ 7,270 1,848 2,267 1,232 1,059 3,376 937 616 937 1,109 2,489 Industrial loan commitments 3,478 1,639 748 52 138 30 871 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 27,106,062 1652,704 5,957,863 1919,407 2507,845 1920,530 1458,281 5152,427 1249,575 653,144 1042,030 777,092 2815,164 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 91,538 2,095 14,880 5,555 --- 17,228 — --- 10,625 19,643 20,827 --- 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 28,174,538 1842,095 6,134,880 1950,555 2550,000 1967,228 1485,000 5300,000 1340,625 694,643 1100,827 808,000 3000,685 1/ After deducting $320,845,000 participations of other Federal Reserve Banks. 2/ After deducting $17,373,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis