H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM B.4.1 (For Immediate Release) November 5, 1953 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items ., , During the week ended November 4, Member ban kreserves increased Icot n!!0D, T^e principal changes supplying reserves were an increase of 4 $521 million in Reserve Bank credit and decreases of $94 million in Other Tj' V *ac£°unts (net) and million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $160 millio nin Money in circulation, $20 million in Treasury deposits with Federal Reserve Banks, and $10 million in Other deposit swith Federal Reserve Banks. increase $521 million in Reserve Bank credit resulted from increases of $463 million in Loans, discounts an dadvances, $50 million in U. S. Government securities bought outright, and $49 million in U. S. Government securities held under repurchase agreement, and a decrease of $40 million iLrea!^ofH$50mii=nUinSbmrr™ent securitles tou«ht o u t r i^ « Change since Member Bank Reserves Nov. 4, Oct. 28/ Nov. 5, and Related Items 1953 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities — Bought outright 25,398 + 50 +1,903 Held under repurchase agreement 49 + 49 + 24 Loans, discounts and advances 825 +463 - 842 Float 559 - 4o + 31 Total 26,830 +521 +1,116 Gold stock 22,076 - 1 -1,263 Treasury currency outstanding 4,877 + 3 + 83 Money in circulation 30,428 +160 + 680 Treasury cash holdings 1,283 + 1 + 5 Treasury deposits with F. R. Banks 664 + 20 - 125 Foreign deposits with F. R. Banks 453 - 18 - 190 Other deposits with F. R. Banks 376 + 10 + 126 Other F. R. account s(net) 801 - 94 4 Member bank reserves 19,779 +445 - 555 Required reserves (estimated) 18,812 + 14 -1,072 Excess reserves (estimated) 967 +431 + 517 Daily averages for period-- Estimated excess reserves of member banks 615 -119 + 43 Member bank borrowings at F. R. Banks 460 +168 -1,106 U. S. Government securities held in custody b ythe Federal Reserve Banks r©r foreign account were $2,655 million, a decrease of $22 million for the week and an increase of $363 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) Nov. 4, Oct. 28, Nov. 5, 1953 1953 1952 A S S E TS Gold certificates 20,043,103 + 1 -1,390,000 Redemption fund for F. R, notes 853.690 199 + 147.223 - Total gold certificate reserves 20,896,793 - 198 -1,242,777 Other cash 330,494 - 6,059 + 20,579 Discounts and advances 821,979 + 462,889 - 841,025 Industrial loans 2,761 + 100 - 1,166 U. S. Government securities: Bought outright— Bills 2,106,312 + 50,000 +1,903,112 Certificates 5,851,541 — + 855,825 Notes 13,773,671 —— — Bonds 3.666.150 - 855.825 Total bought outright 25,397,674 + 50,000 +1,903,112 Held under repurchase agreement 49.000 + 49.000 + 24.000 Total U. S. Government securities 25.446.674 + 99.000 +1.927.112 Total loans and securities 26,271,414 + 561,989 +1,084,921 Due from foreign banks 22 — 1 F, R. notes of other banks 165,075 10,057 + 8,180 — Uncollected cash items 3,580,623 136,662 - 29,741 - Bank premises 50,039 + 3 + 4,473 Other assets 220.000 + 8.848 + 66,292 TOTAL ASSETS 51,514,460 + 417,864 - 87,973 L I A B I L I T I ES Federal Reserve notes 26,149,894 + 142,295 + 650,385 Depositsi Member bank—reserve accounts 19,778,512 + 444,120 - 555,432 U, S, Treasurer—general account 664,069 + 20,503 - 124,827 Foreign 452,576 - 18,394 - 190,791 Other + 10.275 + 126.402 Total deposits 21,271,104 + 456,504 - 744,648 Deferred availability cash items 3,022,050 - 95,835 - 60,756 Other liabilities and accrued dividends 20.017 2.132 + 1,523. - TOTAL LIABILITIES 50,463,065 + 500,832 - 153,496 C A P I T AL A C C O U N TS Capital paid in 262,736 + 34 + 14,519 Surplus (Section 7) 584,676 — + 46,334 Surplus (Section 13b) 27,543 ~ — Other capital accounts 176.440 83.002 + , 4,670 - TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,514,460 + 417,864 - 87,973 Ratio of gold certificat ereserves to deposit and F« R, not eliabilities combined 44.1$ — ,5% 2,5% Contingent liability on acceptances purchased for foreign correspondents 21,858 — 881 + 5,413 Industrial loan commitments 3,305 138 577 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. NOVEMBER 4. 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 780,629 575 446,750 16 to 90 days 41,240 1,124 9,200,312 91 days to 1 year 110 986 6,558,091 Over 1 year to 5 years 76 6,452,264 Over 5 years to 10 years 1,374,400 Over 10 years , 1,414,857 Total 821,979 2,761 25,446,674 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON NOVEMBER 4 ,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 20,043,103 1006,450 5,566,087 1246,581 1791,740 1066,904 864,025 3571,511 829,610 475,833 764,778 714,420 2145,164 Redemption fund for F, R, notes 6?0 53,841 147,074 60.871 83.437 74.898 59.721 142.700 49.785 25.691 39.725 30.698 85.249 Total gold certificate reserves 20,896,793 1060,291 5,713,161 1307,452 1875,177 1141,802 923,746 3714,211 879,395 501,524 804,503 745,118 2230,413 Other cash 330,494 27,945 76,688 22,497 23,289 16,642 25,679 52,325 17,468 6,366 10,685 12,123 38,787 Discounts and advances 821,979 6,267 219,570 17,140 46,969 30,398 55,736 165,819 29,476 15,043 39,683 32,936 162,942 Industrial loans 2,761 2,034 80 551 96 U. S. Govt, securities: Bought outright— Bills 2 ,106,312 115,982 542,222 126,913 178,803 124,904 107,737 364,038 88,616 51,986 91,799 83,669 229,643 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 45.630 399.706 Total 25 ,397,674 1398,497 6,538,072 1530,311 2155,983 1506,082 1299,066 4389,531 1068,506 626,840 1106,907 1008,872 2769,007 Held under repurchase agreement __ 49.000 — 49 000 T Total U. S. Government securities 25.446.674 1398.497 6.587.072 1530.311 2155.983 1506.082 1299.066 4389.531 1068.506 626.840 1106.907 1008.87 22769.007 Total loans and securities 26,271,414 1404,764 6,806,642 1549,485 2202,952 1536,560 1355,353 4555,350 1097,982 641,979 1146,590 1041,808 2931,949 Due from foreign banks 22 1 l/ 6 2 2 1 1 3 1 1 1 1 2 F.R,notes of other bank s165,075 3,866 25,526 8,654 8,156 24,874 20,462 18,556 8,107 10,463 7,163 10,195 19,053 Uncollected cash items 3,580,623 283,277 624,159 235,993 299,566 293,774 229,878 624,196 162,879 108,849 199,288 146,147 372,617 Bank premises 50,039 5,077 7,072 4,488 4,526 4,766 3,625 6,737 2,908 1,028 2,133 594 7,085 Other assets 220.000 13.176 54.569 13.007 19.499 12.932 12.088 37.102 . 8,959 5.330 10.288 , 9,21? 23.838 TOTAL ASSETS 51,514,460 2798,397 13,307,823 3141,578 4433,167 3031,351 2570,832 9008,480 2177,699 1275,540 2180,651 1965,19 85623,744 1/ After deducting $16,000 participations of other Federa lReserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITIO NOF WE FEDERA LRESERVE BANKS ON NOVEMBER 4 ,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 26,149,894 1588,566 5,755,198 1851,348 2418,24 21847,066 1402,220 5036,189 1199,863 641,195 1016,603 744,721 2648,683 Deposits: . Member bank-reserve accts .19,778,5128 20,252 6,197,225 890,648 1536,112 819,731 851,310 3181,568 725,339 461,130 909,212 976,255 2409,730 U.S.Treasurer-general acct. 664,069 37,034 113,260 35,599 82,464 30,396 45,608 97,123 50,206 34,339 41,644 38,791 57,605 Foreign 452,576 27,328 1/136,717 33,600 41,216 22,400 19,264 61,376 17,024 11,200 17,024 20,160 45,267 Other 4,684 300,571 5,841 6,782 3,243 2,268 1,310 9,794 1,107 Total deposits 21,271,104 889,298 6,747,773 965,688 1666,574 875,770 918,450 3341,377 802,363 509,676 969,320 1036,313 2548,502 Deferred avail, cash items 3,022,050 254,273 502,844 245,241 250,094 251,877 201,515 481,126 132,538 95,883 115522,,441199 113355,,118888 331199,,005522 Other liabilities and accrued dividends 20,017 972 5,700 1,117 2,266 993 928 3,211 746 682 747 775 1,880 TOTAL LIABILITIES 50,463,065 2733,109 13,011,515 3063,394 4337,176 2975,706 2523,11 38861,903 2135,51 01247,436 2139,089 1916,997 5518,117 Capital paid in 262,736 14,239 81,582 17,985 24,871 11,424 11,052 34,494 9,002 5,854 10,028 13,229 28,976 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 176,440 11,576 39,904 12,132 16,050 11,624 10,102 26,026 9,038 6,046 8,472 8,284 17,186 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,514,460 2798,397 13,307,823 3141,578 4433,16 73031,351 2570,832 9008,480 2177,699 1275,540 2180,651 1965,198 5623,744 Contingent liability on acceptances purchased for foreign correspondents 21,858 1,333 2/ 6,449 1,639 2,011 1,093 940 2,994 831 546 831 983 2,208 Industrial loan commitments 3,305 1,485 748 52 136 29 855 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. note soutstanding 27,061,454 1653,956 5,941,581 1914,598 2499,97 12912,030 1458,794 5139,630 1251,332 652,068 1045,056 778,086 2814,351 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 503,713 5,840 213,480 16,615 — 30,048 — -— 29,210 14,868 39,417 — 154,235 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 28,586,713 1845,840 6,333,480 1961,615 2550,000 1980,048 1485,000 5300,000 1359,210 689,868 1119,417 808,000 3154,235 1/ After deducting $315,840,000 participation sof other Feder aRleserve Banks. 2/ After deducting $15,409,000 participations of other Feder aRleserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis