H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) November 19, I953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items _ During the week ended November 18, Member bank reserves increased $414 million. The principal changes supplying reserves were an increase of $376 million in Reserve Bank credit and decreases of $136 million in Other deposits with Federal Reserve Banks, $53 million in Money in circulation, and $30 million in Foreign deposits with Federal Reserve Banks. The principal offsetting change was an increase of $l8l million in Treasury deposits with Federal Reserve Banks. The increase of $376 million in Reserve Bank credit resulted from increases of $311 million in Float and $230 million in Loans, discounts and advances, and a decrease of $165 million in U. S. Government securities held under repurchase agreement. Change since Member Bank Reserves Nov. 18. , Nov. 11, Nov. 19, and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright 24,958 __ +1,456 Held under repurchase agreement -165 - 61 — Loans, discounts and advances 597 +230 - 893 Float 933 +311 - 207 Total 26,487 +376 + 294 Gold stock 22,076 - 1 -1,261 Treasury currency outstanding 4,878 + 81 - - Money in circulation 30,487 - 53 + 645 Treasury cash holdings 786 + 2 - 506 Treasury deposits with F. R. Banks 503 +181 - 200 Foreign deposits with F. R. Banks 419 - 30 - 272 Other deposits with F. R. Banks 398 -136 + i4o Other F. R. accounts (net) 805 - 3 + 2 Member bank reserves 20,044 +414 - 694 Required reserves (estimated) 19,047 + 90 -1,026 Excess reserves (estimated) 997 +324 + 332 Daily averages for period— Estimated excess reserves of member banks 849 + 19 + 132 Member bank borrowings at F. R. Banks 398 + 2 -1,009 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,685 million, an increase of $24 million for the week and an increase of $413 million from the comparable date 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 Nov. 18, Nov. 11, Nov. 19, 1953 1953 1952 A S S E TS Gold certificates 20,543,101 2 867,001 Redemption fund for F. R. notes 850.100 mm mm + 129.386 Total gold certificate reserves 21,393,201 - 2 - 737,617 Other cash 333,174 + 18,637 + 18,182 Discounts and advances 594,262 + 229,642 - 892,192 Industrial loans * 2,401 + 81 1,179 U. S. Government securities: Bought outright— Bills 2,166,312 +1 ,955,862 Certificates 5,851,541 — + 855,825 Notes 13,273,671 500,000 Bonds 3.666.150 — 855.825 Total bought outright 24,957,674 +1,455,862 Held under repurchase agreement — 165.000 - 61.000 Total U, S. Government securities 24.957.674 - 165.000 +1.3%.862 Total loans and securities 25,554,337 + 64,723 + 501,491 Due from foreign banks 22 —— - 1 F. R. notes of other banks 165,587 + 4,884 + 103 Uncollected cash items 4,703,012 +1,067,329 + 37,785 Bank premises 50,155 + 112 + 4,456 Other assets 235.033 + 11.226 + 64.172 TOTAL ASSETS 52,434,521 +1,166,909 111,429 L I A B I L I T I ES Federal Reserve notes 26,210,952 - 26,689 + 599,838 Deposits: Member bank-reserve accounts 20,043,587 + 414,039 — 694,074 U. S. Treasurer--general account 502,817 + 181,140 - 199,864 Foreign 419,376 - 29,521 - 272,014 Other 397.661 - 136.636 + 139.377 Total deposits 21,363,441 + 429,022 -1,026,575 Deferred availability cash items 3,770,245 + 756,417 + 244,747 Other liabilities and accrued dividends 21.181 - 560 + 2.087 TOTAL LIABILITIES 51,365,819 +1,158,190 179,903 C A P I T AL A C C O U N TS Capital paid in * 263,149 + 162 + 14,816 Surplus (Section 7) 584,676 —- + 46,334 Surplus (Section 13b) 27,543 — Other capital accounts , 193,334 + 8.557 + 7,324 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,434,521 +1,166,909 111,429 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.<% - - 1.1% Contingent liability on acceptances purchased for foreign correspondents 19,826 — 1,143 • 2,453 Industrial loan commitments 3,227 + 126 - 1,065 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 18, 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 558,955 519 7,482,350 16 to 90 days 35,199 540 5,363,262 91 days to 1 year 108 1,267 2,870,541 Over 1 year to 5 years 75 6,452,264 Over 5 years to 10 years 1,374,400 Over 10 years 1.414.857 Total 594,262 2,401 24,957,674 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 18, 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 1 i Gold certificates 20,543,101 1042,041 5,704,458 1261,219 1745,451 1095,654 869,169 3733,651 846,929 491,126 793,400 703,006 2256,997 Redemption fund for F. R. notes 850.100 53.708 146.378 60.594 83.235 73.248 59.579 142.499 49.721 25.672 3399..667788 3300..665511 85.137 Total gold certificate reserves 21,393,201 1095,749 5,850,836 1321,813 1828,686 1168,902 928,748 3876,150 896,650 516,798 833,078 733,657 2342,134 Other cash 333,174 26,156 77,051 23,430 22,345 17,386 26,771 52,965 18,622 6,193 10,954 12,415 38,886 Discounts and advances 594,262 2,397 148,300 9,335 38,189 21,148 58,401 80,319 16,766 7,818 34,977 43,605 133,007 Industrial loans 2,401 — — 1,767 — 70 468 — — 96 — — — U. S. Govt, securities; Bought outright— Bills 2,166,312 119,286 557,668 130,529 183,896 128,462 110,805 374,408 91,139 53,467 94,413 8866,,005533 223366,,118866 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 13,273,671 730,901 3,417,015 799,792 1126,789 787,129 678,935 2294,115 558,437 327,607 578,507 527,270 1447,174 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 24,957,674 1374,269 6,424,804 1503,800 2118,632 1479,990 1276,560 4313,485 1049,994 615,980 1087,730 991,394 2721,036 Held under repurchase Total U. S. Government securities 24.957.674 1374.269 6.424.804 1503.800 2118.632 1479.990 1276.560 4313.485 1049.994 615.980 1087.730 991.394 2721.036 Total loans and securities 25,554,337 1376,666 6,573,104 1514,902 2156,821 1501,208 1335,429 4393,804 1066,760 623,894 1122,707 1034,999 2854,043 Due from foreign banks 22 1 1/ 6 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 165,587 3,303 26,257 7,703 10,142 25,693 20,601 18,297 9,177 10,313 7,737 8,393 17,971 Uncollected cash items 4,703,012 396,457 940,332 310,968 410,459 365,004 308,389 770,561 198,144 127,725 227,059 185,778 462,136 Bank premises 50,155 5,090 7,073 4,493 4,522 4,766 3,649 6,739 2,908 1,028 2,133 594 7,160 Other assets 235.033 13.913 58.556 13.759 20.681 13.711 12.813 40.122 9.564 5.742 10.802 9.985 25.385 TOTAL ASSETS 52,434,521 2917,335 13,533,215 3197,070 4453,658 3096,671 2636,401 9158,641 2201,826 1291,694 2214,471 1985,822 5747,717 l/ 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 NOVEMBER 18, 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 26,210,952 l6o8,4oi 5,774,537 1864,102 2428,757 1843,18? 1395,677 5051,994 1202,284 641,721 1011,682 742,026 2646,584 Deposits-: Member bank-reserve accts. 20,043,587 860,100 6,156,322 932,329 1517,946 825,659 866,390 3264,082 746,442 463,186 932,815 971,832 2506,484 UJ3.Treasurer-general acct 502,817 31,343 104,492 38,762 33,739 51,667 40,510 50,771 28,042 32,973 30,163 26,618 33,737 Foreign 419,376 24,601 1/135,030 30,248 37,104 20,165 17,342 55,252 15,325 10,083 15,325 18,149 40,752 Other ,^r?, Total deposits 21,363,441 922,200 6,729,732 1003,639 1592,513 899,355 925,043 3370,827 798,814 507,186 979,610 1017,460 2617,062 Deferred avail, cash items 3,770,245 319,457 721,855 249,042 332,927 296,477 266,178 582,415 157,067 113,720 180,076 176,497 374,534 BS&er liabilities and accrued dividends 21,181 967 6,180 1,111 2,040 1,034 969 3,757 772 562 784 974 2,031 TOTAL LIABILITIES 51,365,819 2851,025 13,232,304 3117,894 4356,237 3040,053 2587,867 9008,993 2158,937 1263,189 2172,152 1936,957 5640,211 Capital paid in 263,149 14,347 81,700 18,001 24,904 11,438 11,070 34,578 9,010 5/854 10,038 13,232 28,977 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 Sosplus (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 %her capital accounts 193,334 12,490 44,389 13,108 17,447 12,583 10,899 29,013 9,730 6,447 9,219 8,945 19,064 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 52,434,521 2917,335 13,533,215 3197,070 4453,658 3096,671 2636,401 9158,641 2201,826 1291,694 2214,471 1985,822 5747,717 Contingent liability on acceptances purchased for foreign correspondents 19,826 1,209 2/5,849 1,487 1,824 991 853 2,716 753 496 753 892 2,003 Industrial loan commitments 3,227 1,408 748 51 136 29 855 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 27,248,229 1662,800 6,031,324 1937,625 2515,456 1926,040 1472,619 5159,002 1256,752 654,340 1042,699 776,873 2812,699 Collateral for F.R. notes: Gold certificates 11,493,000 640,000 3,220,000 775,000 1000,000 600,000 385,000 2400,000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 368,742 1,970 146,010 8,810 —- 20,798 -— 16,500 7,643 34,711 132,300 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 28,481,742 1841,970 6,266,010 1983,810 2550,000 1970,798 1485,000 5300,000 1346,500 682,643 1114,711 808,000 3132,300 l/ After deducting $284,327,000 participations of other Federal Reserve Banks. 2/ After deducting $13,977,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis