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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) April 2, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves arid Related Items During the week ended April 1, Member bank reserves decreased $843 million. The principal changes reducing reserves were a decrease of $364 million in Reserve Bank credit and increases of $279 million in Treasury deposits with Federal Reserve Banks> $154 million in Money in circulation, $39 million in Foreign deposits with Federal Reserve Banks, and $17 million in Other F. R. accounts (net). The decrease of $364 million in Reserve Bank credit resulted from decreases of $239 million in Loans, discounts and advances, $63 million in U. S. Government securities, and $62 million in Float. Holdings of U. S. Government securities reflected a decrease of $63 million in certificates. The largest declines in member bank reserves were $320 million at the Federal Reserve Bank of New York and $323 million at the Federal Reserve Bank of Chicago. Member Bank Reserves and Related Items April 1, 1953 Change since March 25, April 2, 1953 1952 (In millions of dollars) Reserve Bank credit: U. S, Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,806 469 748 25,023 22,563 4,827 - 63 -239 - 62 -364 + 1 + 1 +1,292 + 334 13 +1,614 - 728 + 91 Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R, Banks Other deposits with F. R. Banks Other F. R. accounts (net) 29,754 1,304 286 550 344 869 +154 - 2 +279 + 39 - 7 + 17 +1,309 + 23 9 15 + 133 + 42 Member bank reserves 19,305 -843 - 507 19,611 -306 -257 —586 + - 445 952 412 -179 - 363 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) H,4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since April 2, Mar. 25, 1952 1953 April 1, 1953 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 20,619,101 748,135 21,367,236 + - 1 5,990 5,989 + - 797,150 49,011 746,139 Other cash 361,138 - 19,573 7,299 Discounts and advances Industrial loans 465,054 3,579 -239,510 + 47 +335,461 1,645 U. S, Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 514,754 4,995,716 13,773,671 4,521,975 23,806,116 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,274,749 23 165,933 3,991,227 49,351 166,472 50,376,129 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank—reserve accounts U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments ... $ 63,000 - 63,000 -302,463 — — - 1,779 -342,868 106 - 11,752 + 514,754 -6,814,090 +8,705,598 -1,113,848 +1,292,414 +1,626,230 5 + 12,017 + 303,758 + 5,030 + 24,924 +1,216,516 25,563,004 +123,382 +1,225,913 19,305,354 286,484 549,963 344,124 20,465,925 3,242,860 16,350 49,308,139 -843,080 +279,098 + 39,244 - 256,901 584,676 27,543 198,870 50,376,129 - 6,818 -531,556 -281,110 - 1,429 -690,713 + 23 mm mm mm 506,286 8,456 14,822 + 132,872 - 396,692 + 316,282 + 1,141 +1,146,644 + + l4,64l 46,334 + 8,897 - - - + 6,l60 -684,530 46.4# + 29,589 2,823 + +1,216,516 M 2.5% 1,638 34 + 21,566 3,601 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 1, 1953 (Callable Government securities classified according to nearest call date) Within 15 days 16 to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total Discounts and advances Industrial loans 369 36731927 465,054 904 2,153 153 -37579" U. S. Government securities 229,200 1,423,320 13,314,575 6,410,550 1,070,224 1,358,247 yj,8u6,ll6— STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 1, 1953 (In thousands of dollars) H.4.1(b) A S S E T S Gold certificates Redemption fund for F. R. notes Total Boston 20,619,101 649,045 748,135 63,528 Total gold certificate reserves 21,367;236 New York Phila. Cleve. Rich. 6,874,982 1214,321 1495,015 790,918 83,787 74,722 75,313 59,717 Mpls. Kans.Cy. Dallas SanFran. 644,370 3992,087 548,696 292,340 919,855 590,214 2607,258 Atlanta 58,086 Chicago St.Louis 127,706 51,351 25,295 712,573 6,950,295 1274,038 1578,802 865,640 702,456 4119,793 600,047 317,635 29,946 57,875 >60,664 620,160 2665,133 40,809 7,253 35,000 127 12,446 32,688 14,209 11,810 12,537 270,893 746,877 245,204 10,054 156,027 430,179 141,230 20,441 198,379 546,953 24,853 241,198 Total U. S. Government 1671,060 securities 23,806,116 5,215,286 1491,192 2312,359 1701,804 1522,578 3458,179 1275,511 737,490 945,341 1149,383 2325,913 Total loans and securities 5,255,626 1511,613 2337,350 1713,277 1536,310 3630,145 1312,295 772,617 978,029 1161,193 2375,331 361,138 Other cash 465,054 Discounts and advances 3,579 Industrial loans U. S. Govt. securities: Bills 514,754 Certificates 4,995,716 Notes 13,773,671 4.521,975 Bonds 24,274,749 Due from foreign banks 23 F.R.notes of other banks 165,933 Uncollected cash Items 3,991,22% Bank premises 49,351 Other assets 166,472 TOTAL ASSETS 26,613 19,883 63,933 40,340 358,422 174,723 l,08l,148 2,980,801 978.614 988,220 324,438 1690,963 1 ^2,$20 362,144 4,642 11,790 1/ 7 20,017 750,592 7,205 35,620 50,376,129 2811,246 13,083,295 24,371 17,340 3,081 28,496 24,991 32,244 49,999 312,927 485,249 862,769 1337,878 283,252 439,233 2 9,312 247,774 3,825 10,095 2 7,549 380,573 4,618 16,264 22,041 11,450 23 36,798 357,123 984,625 323,258 33,850 13,384 348 66,645 171,966 — 2,025 87,781 326,140 722,908 899,200 1993,133 295,213 654,357 1 30,402 1 31,152 4,911 12,056 3,706 11,460 320,380 267,872 19,246 36,784 3 16,062 671,977 6,770 23,572 1 9,932 163,384 2,963 8,6lO 1 6,007 99,212 1,044 5,061 179,568 1 7,058 184,602 2,225 7,287 3081,030 4353,654 2968,702 2586,807 8534,967 2116,478 1208,830 2152,312 l/ After deducting $l6,000 participations of other Federal Reserve Banks. 42,035 49,418 63,299 485,302 665,007 1338,029 218,325 439,283 1 2 6,816 19,106 173,962 619 8,345 368,755 6,823 16,318 STATEMENT OF CONDITION OF THK FEDERAL RESERWBAMS'ON'" APRIL x,*i953: (In thousands of dollars) H.4.1(c) L I A B I L I T I E S Federal Reserve notes Total Boston 25,563,004 1567,022 New York Phila, Cleve, Rich, Atlanta Chicago St,Louis Mpls, Kans.Cy, Dallas SanFran. 5,633,126 1822,166 2356,574 1785,440 1383,653 4886,767 1192,040 641,980 1008,497 730,224 2555,515 W = = ~ s -9 a s : : i ~ j - s - | ~ i 3 % 3 ~s i j jeyse™,iss as '«5 sffi % ss am -as ax as M 1 6 , 9 0 9 ilEi " S S 1 4.831 945 1,934 ZZ2 71? 2,586 525 SU W 1111111111II ' 1 1 1 1 1 1 1 i 1 , " 50,376,129 2811,246 13,083,295 3081,030 4353,654 2968,702 2586,807 8534,967 2116,478 1208,830 2152,312 1985,305 5493,503 ; Contingent liability on fo^foreign Srres^ndents Industrial loan commitments 29,589 2,823 1,794 — 2/8,855 — 2,206 1,159 2,706 751 1,470 59 1,265 — 4,029 HO 1,118 — 735 1,118 744 — 1,323 2^970 FEDERAL RESERVE AGENTS' ACCOUNTS t. R. notes outstanding 26,543,387 1624,081 C 0 12,624,000 £fac£t5LaU; n0teS! 5,840,328 1891,752 2445,846 1884,500 1445,199 4983,259 1242,322 655,130 1033,852 765,329 2731,789 4,520,000 155,000 = = 214^000 1700,000 ftSS£g 400,000 745,000 820,000 500,000 310,000 2700,000 280,000 280,000 1/ After deducting $385,071,000 participations of other Federal Reserve Banks, 2/ After deducting #20,734,000 participations of other Federal Reserve Banks,
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