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 29, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended October 28, Member bank reserves decreased $233 million. The principal changes reducing reserves were increases of $114 million in Treasury deposits with Federal Reserve Banks, $12 million in Treasury cash holdings, and $10 million in Foreign deposits with Federal Reserve Banks and a decrease of $128 million in Reserve bank credit. The principal offsetting change was a decrease of $37 million in Money in circulation. The decrease of $128 million in Reserve Bank credit resulted from a decrease of $227 million in Float and an increase of $99 million in Loans, discounts and advances. Change since Member Bank Reserves Oct. 28, Oct. 21, Oct. 29 and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright 25,348 +1,724 " Held under repurchase agreement Loans, discounts and advances 362 + 99 - 813 Float 599 -227 - 107 Total 26,309 -128 + 8o4 GOld stock 22,077 -1,263 - - Treasury currency outstanding 4,874 + 84 -- Money in circulation 30,268 - 37 + 728 .Treasury cash holdings 1,282 + 12 7 Treasury deposits with F. R. Banks 644 +114 + 56 Foreign deposits with F. R. Banks 471 + 10 - 184 Other deposits with F. R. Banks 366 + 8 + 130 Other F. R. accounts (net) 895 - 2 + 18 Member bank reserves 19,334 -233 -1,115 Required reserves (estimated) 18,798 + 18 -1,177 Excess reserves (estimated) 536 -251 + 62 Daily averages for period-- Estimated excess reserves of member banks 734 -224 + 200 Member bank borrowings at F. R. Banks 292 + 49 846 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,677 million, an increase of $10 million for the week and an increase of $379 million from the rornpa x'obl edate 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 October 28, October 21, October 29, A S S E TS Gold certificates 20,043,102 1,379,999 Redemption fund for F, R. notes 853,889 - 2,732 + 143,436 Total gold certificate reserves 20,896,991 - 2,732 - 1,236,563 Other cash 336,553 1,830 + 7,760 Discounts and advances 359,090 + 99,010 - 811,613 Industrial loans 2,661 + 83 — 1*549 U. S. Government securities: Bought outright- Bills 2,056,312 + 1,724,112 Certificates 5,851,541 — + 855,825 Notes 13,773,671 — Bonds 3,666,150 —— - 855,825 Total bought outright 25,347,674 + 1,724,112 Held under repurchase agreement Total U. S. Government securities 25,347,674 + 1,724,112 Total loans and securities 25,709,425 + 99,093 + 910,950 Due from foreign banks 22 — - 1 F. R, notes of other banks 175,132 - 3,404 - 3,794 Uncollected cash items 3,717,285 - 564,451 + 48,900 Bank premises 50,036 - 106 + 4,440 Other assets 211,152 + 10,032 + 65,796 TOTAL ASSETS 51,096,596 459,738 202,512 L I A B I L I T I ES Federal Reserve notes 26,007,599 - 29,573 + 667,164 Deposits: Member bank—reserve accounts 19,334,392 — 232,889 - 1,114,973 U. S. Treasurer—general account 643,566 + 113,257 + 55,407 Foreign 470,970 + 10,382 - 183,559 Other 365,672 + 8,016 + 129,637 Total deposits 20,814,600 - 101,234 - 1,113,488 Deferred availability cash items 3,117,885 - 337,636 + 155,576 Other liabilities and accrued dividends 22,149 + 348 + 3,770 TOTAL LIABILITIES 49,962,233 — 468,095 — 286,978 C A P I T AL A C C O U N TS Capital paid in 262,702 + 679 + 14,554 Surplus (Section 7) 584,676 46,334 Surplus (Section 13b) 27,543 — —- Other capital accounts 259,442 + 7,678 + 23,578 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,096,596 — 459,738 *• 202,512 Ratio of gold certificate reserves to deposit and F. R, note liabilities combined 44.6# + ,1% - 2.2# Contingent liability on acceptances purchased for foreign correspondents 22,739 — 1,904 - 7,205 Industrial loan commitments 3,443 - 35 - 453 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 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 320,397 583 360,250 16 to 90 days 38,583 1,067 9,187,812 91 days to 1 year 110 934 6,558,091 Over 1 year to 5 years — 77 6,452,264 Over 5 years to 10 years — ~~ 1,374,400 Over 10 years — — 1,414.857 Digitized for FRTAoStEaRl 359,090 2,661 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 28, 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 1050,825 5,349,437 1254,483 1760,022 1071,133 848,083 3694,952 797,422 451,329 775,616 673,237 2316,563 Redemption fund for F. R. notes 853,889 53,853 147,110 60,877 83,463 74,906 59,733 142,713 49,791 25,692 39,739 30,745 85,267 Total gold certificate reserves 20,896,991 1104,678 5,496,547 1315,360 1843,485 1146,039 907,816 3837,665 847,213 477,021 815,355 703,982 2401,830 Other cash 336,553 27,415 71,502 25,256 21,634 17,252 28,788 57,495 16,788 7,090 11,412 12,646 39,275 Discounts and advances 359,090 3,522 32,995 6,570 19,619 21,328 36,636 90,319 24,041 22,278 25,983 31,707 44,092 Industrial loans 2,661 — — 1,915 — 80 569 — — 97 — — — 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 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 25,709,425 1399,266 6,558,196 1535,784 2171,358 1524,525 1333,713 4471,208 1090,443 647,981 1130,711 1038,593 2807,647 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 175,132 4,372 28,558 10,518 9,479 23,961 19,751 18,660 8,683 11,352 8,174 7,633 23,991 Uncollected cash items 3,717,285 282,717 684,588 225,033 328,382 306,367 249,695 639,623 177,319 103,450 191,086 170,976 358,049 Bank premises 50,036 5,077 7,091 4,434 4,526 4,766 3,624 6,738 2,919 1,028 2,150 598 7,085 Other assets 211,152 12,542 52,728 12,357 18,607 12,386 11,622 35,447 8,618 5,086 9,928 8,992 22,839 TOTAL ASSETS 51,096,596 2836,068 12,899,216 3128,744 4397,473 3035,297 2555,010 9066,839 2151,984 1253,009 2168,817 1943,421 5660,718 Digitized for FRASER l/ After deducting $16,000 participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OP CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 28, 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 Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 26,007,599 1585,944 5,698,962 1840,310 2418,558 1840,772 1385,436 5026,820 1193,332 639,112 1008,739 737,747 2631,867 Deposits: Member bank-reserve accts. 19,334,392 840,324 5,795,199 917,056 1507,095 808,474 846,400 3133,451 715,697 443,491 902,020 949,356 2475,829 U.S.Treasurer-general acct 643,566 41,289 87,995 57,943 39,457 42,657 32,673 180,563 29,491 30,179 34,603 27,542 39,174 Foreign 470,970 28,091 1/146,296 34,538 42,366 23,025 19,802 63,089 17,499 11,513 17,499 20,723 46,529 Other 365,672 808 * ^ " « Total deposits 20,814,600 914,349 6,329,837 1011,388 1594,152 876,227 899,683 3378,311 772,028 489,024 955,018 998,943 2595,640 Deferred avail, cash items 3,117,885 264,221 548,273 192,630 278,747 255,914 216,342 498,507 139,514 93,743 159,313 153,739 316,942 Other liabilities and accrued dividends 22,149 1,040 6,619 1,159 2,197 1,092 1,062 3,440 798 648 857 1,037 2,200 TOTAL LIABILITIES 49,962,233 2765,554 12,583,691 3045,487 4293,654 2974,005 2502,523 8907,078 2105,672 1222,527 2123,927 1891,466 5546,649 Capital paid in 262,702 14,239 81,586 17,985 24,862 11,424 11,050 34,483 8,995 5,853 10,023 13,229 28,973 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 259,442 16,802 59,117 17,205 23,887 17,271 14,872 39,221 13,168 8,425 11,805 12,038 25,631 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,096,596 2836,068 12,899,216 3128,744 4397,473 3035,297 2555,010 9066,839 2151,984 1253,009 2168,817 1943,421 5660,718 Contingent liability on acceptances purchased for foreign correspondents 22,739 1,381 2/ 6,783 1,697 2,082 1,132 973 3,101 860 566 860 1,018 2,286 Industrial loan commitments 3,443 1,607 748 52 136 30 870 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 27,077,133 1664,110 5,934,652 1923,568 2502,346 1921,745 1460,575 5140,401 1246,814 652,837 1045,149 780,626 2804,310 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 164,578 3,095 24,480 6,045 — 20,978 — — 23,775 22,103 25,717 38,385 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 28,247,578 1843,095 6,144,480 1951,045 2550,000 1970,978 1485,000 5300,000 1353,775 697,103 1105,717 808,000 3038,385 l/ After deducting $324,652,000 participations of other Federa lReserve Banks. 2/ After deducting $15,956,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis