H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM (For Immediate Release) November 27, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended November 25, Member ban kreserves decreased $269 million. The principal changes reducing reserves were increases of $204 million in Money in circulation, $19 million in Treasury deposits with Federal Reserve Banks, and $10 million in Foreign deposits with Federal Reserve Banks, and decreases of $59 million in Reserve Bank credit and $49 million in Gold stock. The principal offsetting change was a decrease of $63 million in Other deposits with Federal Reserve Banks. The decrease of $59 million in Reserve Bank credit resulted from a decrease of $297 million in Float and increases of $173 million in Loans, discounts and advances, $35 million in U. S. Government securities bought outright, and $29 million in U. S. Government securities held under repurchase agreement. Holdings of U .S. Government securities bought outright reflected an increase of $35 million in bills. Change since Member Bank Reserves Nov. 25, Nov. 18, Nov. 26 and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities — Bought outright 24,993 + 35 +1,381 Held under repurchase agreement 29 + 29 - 120 Loans, discounts and advances 770 +173 - 849 Float 636 -297 - 285 Total 26,428 - 59 + 127 Gold stock 22,027 - 49 -1,311 Treasury currency outstanding 4,879 + 1 + 82 Money in circulation 30,691 +204 + 539 Treasury cash holdings 777 - 9 - 490 Treasury deposits with F. R. Banks 522 + 19 + 205 Foreign deposits with F. R. Banks 429 + 10 - 282 Other deposits with F. R. Banks 335 - 63 + 65 Other F. R. account s(net) 805 - + 4 Member bank reserves 19,775 -269 -1,142 Required reserves (estimated) 19,032 -15 -1,377 Excess reserves (estimated) 7^3 -254 + 235 Daily averages for period— Estimated excess reserves of member banks 753 - 96 + 180 Member bank borrowings at F. R. Banks 491 + 93 - 965 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,681 million, a decrease of $4 million for the week and an increase of $424 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. 25, Nov. 18, Nov, 26, 1953 1953 1952 „ A g s g yg j Gold certificates 20,493,103 49,998 924,999 Redemption fund for F. R, notes 86.5.26.6 - 6.854 + 118.299 Total gold certificate reserves 21,338,349 54,852 806,700 Other cash 323,535 - 9,639 29,187 Discounts and advances 767,595 + 173,333 - 847,331 Industrial loans 2,422 + 21 1,364 U. S. Government securities: Bought outright- Bills 2,201,312 + 35,000 +1, 880,862 Certificates 5,851,541 — + 855,825 Notes 13,273,671 500,000 Bonds 3.666.150 mmmm 855.825 Total bought outright 24,992,674 + 35,000 +1,380,862 Held under repurchase agreement 29.000 + 29.000 - 120.000 Total U. Government securities 25,021,674 + 66.. 000+ 1.260.862 Total loans and securities 25,791,691 + 237,354 + 412,167 Due from foreign banks 22 mmmm - 1 F. R, note sof other banks 155,083 - 10,504 - 4,010 Uncollected cash items 3,725,397 - 977,615 - 185,479 Bank premises 50,216 + 61 + 4,498 Other assets 263.606 + 8,57? + 62.867 TOTAL ASSETS 51,627,899 — 806,622 — 487,471 L, I A B I L T T TR S Federal Reserve notes 26,379,006 + 168,054 + 497,057 Deposits; ' Member bank—reserve accounts 19,775,287 - 268,300 -1, 142,030 U, S, Treasurer-—general account 521,629 + 18,812 + 204,228 Foreign 429,330 + 9,954 - 281,858 Other 336.770 - 62,89.3, + 66.508 Total deposits 21,061,016 302,425 -1,155,152 • Deferred availability cash items 3,089,339 - 680,906 + 99,831 Other liabilities and accrued dividends , 22,147 + 9# + , 1,855 TOTAL LIABILITIES 50,551,508 814,311 — 556,409 C A P I T A T. A C C O U N TS Capital paid in 263,225 76 + 14,657 Surplus (Section 7) 584,676 + 46,334 Surplus (Section 13b) 27,543 Other capital accounts ... 200,947 + , , 7,6,13+ 7.967 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,627,899 806,622 — 487,471 Ratio of gold certificate reserves to deposit and F« R, not eliabilities combined 45.0% - 1.056 Contingent liability on acceptances purchased for foreign correspondents 19,902 + 76 + 2,523 Industrial loan commitments 3,228 + 1 - 863 , MATURITY DISTRIBUTION OF LOANS AND SECURITIES. NOVRMBflR 25. 1953 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximu mmaturity of the agreements,) Discounts and Industrial U, S. Government advances loans securities Within 15 days 734,355 546 7,486,250 16 to 90 days 33,157 486 5,423,362 91 days to 1 year 83 1,325 2,870,541 Over 1 year to 5 years — 65 6,452,264 Over 5 years to 10 years Over 10 years —— 1,374,400 1.616.857 Total Digitized for FRASER 767,595 2,422 25,021,674 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERA LRESERVE" BANKS" ON NOVEMBER 25, 1953 (in thousands of dollars) A S S E TS Total Boston New York Phila. CIeve. Rich, Atlanta Chicago St.Louis Mpls. Kans«Cy» Dallas SanFran, Redempt^on^fund^for 20'493»103 1067,043 5,444,987 1310,154 1761,783 1103,133 871,099 3786,96 3847,605 495,859 781,292 761,613 2261,572 F, R. notes 845,246 5? 47o 145,546 60,171 82.918 71.304 59.278 142.150 49.621 25.619 39.596 30.581 84.964 r Total gold certificate reserves 21,338,349 1120,519 5,590,533 1370,325 1844,701 1174,437 930,377 3929,113 897,226 521,498 820,888 792,196 2346,536 counts and advances 767)595 10)407 182)440 55)899 29)298 7l)m 95)804 4l)o31 12^3 77)315 39)So 144)562 industrial loans 2,422 — — 1,761 — 70 495 — — 96 U. S. Govt, securities; Bought outright— I r j li filffifllllif! I ll ill! agreement 29.000 — 29.000 — — __ __ . Total U. S. Government securities 25,021,674 1376,197 6,462.814 1505.909 2121.603 1482.065 1278.150 4319.53 41051.467 616.844 1089.256 992.784 2724.851 Total- loans and • securities 25,791,691 1386,604 6,645,254 1515,295 2177,502 1511,433 1350,586 4415,338 1092,498 629,153 1166,571 1032,044 2869,413 Due from foreign banks 22 l l /6 2 21 1 3 1 1 2 aS^lii # f la # f 1 f 1 If 'I-1I1 -•I! '1 TOTAL ASSETS 51,627,899 2833,076 13,133,471 3150,689 4412,471 3051,952 2604,715 9063,870 2190,368 1282,553 2218,21 72010,031 5676,486 Digitized for FRASER l/ After deducting $16,000 participations of other Federa lReserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON NOVEMBER 25, 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 26,379,006 1626,559 5,844,058 1884,052 2440,685 1849,256 1399,462 5073,881 1204,81? 641,534 1013,760 743,837 2657,105 Deposits: Member bank-reserve accts .19,775,28? 833,006 5,911,116 912,790 1512,820 818,196 877,545 3250,974 750,909 477,006 950,990 995,732 2484,203 UvS.Treasurer-general acct. 521,629 34,190 76,847 45,118 44,586 47,850 33,441 57,214 42,556 27,504 29,684 35,961 46,678 Foreign 429,330 25,571 1/133,775 31,440 38,566 20,960 18,026 57,430 15,930 10,480 15,930 18,864 42,358 Other 275,291 1,669 3,182 1,946 2,112 1,174 8,024 1,669 1,222 1,365 33,220 Tota.1 deposits 21,061,016 896,663 6,397,029 991,017 1599,154 888,952 931,124 3366,792 817,419 516,659 997,826 1051,922 2606,459 Deferred avail, cash items 3,089,339 242,088 582,840 194,842 272,407 255,549 224,203 468,816 124,082 95,011 163,086 164,075 302,340 Other liabilities and accrued dividends 22,14? 978 6,617 1,169 2,177 1,138 1,010 3,392 873 652 867 1,039 2,235 TOTAL LIABILITIES 50,551,508 2766,288 12,830,544 3071,080 4314,42 32994,895 2555,799 8912,881 2147,191 1253,856 2175,539 1960,873 5568,139 Capital paid in 263,225 14,348 81,701 18,003 24,896 11,459 11,070 34,590 9,013 5,871 10,053 13,232 28,989 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 200,947 12,967 46,4o4 13,539 18,082 13,001 11,281 30,342 10,015 6,622 9,563 9,238 19,893 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,627,899 2833,076 13,133,471 3150,689 4412,471 3051,952 2604,715 9063,870 2190,368 1282,553 2218,21 72010,031 5676,486 Contingent liability on acceptances purchased for foreign correspondents 19,902 1,214 2/ 5,872 1,493 1,831 995 856 2,726 756 497 756 896 2,010 Industrial loan commitments 3,228 1,412 748 51 133 29 855 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 27,201,952 1687,432 6,011,359 1953,701 2520,107 1917,673 1468,344 5167,601 1255,895 654,260 1046,932 782,554 2816,094 Collateral for F.R. notes: Gold certificates 11,493,000 640,000 3,220,000 775,000 1000,000 600,000 338855,,000000 22440000,,000000 355,000 175,000 280,000 283,000 1380,000 Eligible paper 494,415 9,675 176,620 6,725 --- 28,698 --- — 40,575 11,913 76,859 — 143,350 U. S. Govt, securities 16,620,000 1200,000 2,900,000 1200,000 1550,000 1350,000 1100,000 2900,00 0975,000 500,000 800,000 525,000 1620,000 Total collateral 28,607,415 1849,675 6,296,620 1981,725 2550,000 1978,698 1485,000 5300,000 1370,575 686,913 1156,859 808,000 3143,350 1/ After deducting $295,536,000 participations of other Federa lReserve Banks. 2/ After deducting $14,030,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis