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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) April 23» 1953• CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 22, Member bank reserves decreased million. The principal changes reducing reserves were increases of $168 million in Treasury deposits with Federal Reserve Banks, $156 million in Other deposits with Federal Reserve Banks, and #11 million in Foreign deposits with Federal Reserve Banks, and a decrease of $154 million in Reserve Bank credit. The principal offsetting change was a decrease of $31 million in Money in circulation. $456 The decrease of $154 million in Reserve Bank credit resulted from decreases of $113 million in Float, $26 million in Loans, discounts and advances, and $15 million in U. S. Government securities held under repurchase agreement. Member Bank Reserves and Related Items April 22, 1953 Change since April 15, April 23, 12521252- (in millions of dollars) Reserve Bank credit: U, S. Government securities' Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,806 — 846 743 25,395 22,562 4,834 +1,434 — - 15 - 26 -113 -154 1 +1,389 8 — 368 + 47 + 85 + 40 —— + 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) 29,722 1,279 509 585 356 864 - 31 + 1 +168 + 11 +156 - 1 Member bank reserves 19,476 -456 19,488 -12 Daily averages for period— Estimated excess reserves of member banks 606 Member bank borrowings at Federal Reserve Banks 1,039 Required reserves (estimated) Excess reserves (estimated) — — + 11 23 +1,422 - 733 + 96 - 399 -107 -349 + - 401 800 + 15 -197 + + 3 649 ; U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,334 million, an increase of $47 million for the week and an increase of $725 million from the comparable date a year ago. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) H.4.1(a) April 22, 1953 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Change since April 23, April 15, 1952 1953 20,620,10k h 353,330 842,179 3,481 72 + 514,754 - 6,672,590 + 8,205,598 613.848 + 1,433,914 23.8o6,ll5 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank^-reserve accounts U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 25,496,728 19,475,694 509,139 584,652 356,368 20,925,053 3,166,051 C A P I T A L A C C O U N T S Capital paid in ~ Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + 1,433,914 41,254 + 1,444,182 2,770 5 5,006 272,814 + + 5,108 28,358 : 6 9 6 , 5 7 2 + 995,730 - + 1,262,407 + + 658,187 20 , ?,235 37,670 + + + - 257,166 456,382 - 399,119 168,014 - 367,851 10,205 + 46,698 156,329 + 8 4 , 9 9 4 121,534 : 6 3 5 , 2 7 8 545,020 + 295,387 1,154 + 2,098 703,370 + 9 2 4 , 6 1 4 94 584,676 27,543 218,778 50,696,055 6,704 696,572 + + +_ + 14,522 46,334 10,260 995,730 2.2% .2$ 46.1# 30,452 2,940 15,000 15,000 + - 19.260 + 49,607,092 726,079 23,642 11,857 1,589 26,182 + 23,806,116 24,651,776 23 155,017 3,908,996 49,667 193,803 50,696,055 : 60,068 791 514,754 4,995,716 13,773,671 4,521,975 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 786,147 + E - W W - + 443 106 + - 22,356 3,687 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 22. 1953 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advances Within 15 days l6 to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total —805,551 36,587 41 842,179 Industrial loans TXT" 1,285 1,324 160 3,481 U. S. Government securities 232,554 1,419,966 12,450,175 6,914,164 1,374,400 1,414,857 23,806,116 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 22, 1953 (In thousands of dollars) H.4.l(b) A S S E T S Total Boston 20,628,104 667,34? 755,339 63,084 73,765 Total gold certificate reserves— 21,383,443 730,431 6,807,916 Gold certificates Redemption fund for F. R. notes Other cash 353,330 Discounts and advances 842,179 Industrial loans 3,48l U. S. Govt, securities: Bought outright— Bills 514,754 Certificates 4,995,716 Notes 13,773,671 Bonds 4.521.975 Total 23,806,116 Held under repurchase agreement —— Total U. S. Government securities 23,8o6,ll6 Total loans and securities — 358,355 987,985 324.361 1670,701 «•«•> 1670,701 24,651,776 1710,517 Due from foreign banks 23 F^R. notes of other banks 1 5 5 , 0 1 7 Uncollected cash items 3,908,996 Bank premises 49,667 Other assets 193,803 TOTAL ASSETS 23,488 39,8l6 — 50,696,055 1 3,324 294,458 4,785 13.768 2780,772 New York Phila. Cleve. Rich. 6,734,151 1200,354 1428,063 775,56? 623,269 4249,06? 530,463 299,043 923,159 569,455 81,029 62,692 127,138 51,18? 26,224 4o,6?4 29,811 685,961 4376,205 581,650 68,364 251,214 — 19,165 50,883 58,89? 1259,251 1511,342 6l,94l 24,537 78,728 62,823 — 139,008 83,279 2,955 29,735 94,502 — 856,596 21,157 24,925 22 Atlanta 31,103 16,496 3?8 Chicago St.Louis 49,999 36,798 33,605 87,188 485,249 357,123 326,l4o 728,284 8 6 2 , 7 6 9 1337,878 984,625 899,200 2 0 0 7 , 9 6 7 974.106 283.252 439.233 323,258 295,213 659,227 5,156,340 1491,192 2312,359 1701,804 1554,158 3482,666 1,076,157 2,967,069 —— 32,244 312,92? —— —— —— —— —— 5,156,340 1491,192 2312,359 1 7 0 1 , 8 o 4 1554,158 3482,666 2 9,872 234,599 3,948 II.800 12,951,986 3100,979 2 7,867 350,206 4,615 18.651 4329,279 1 24,723 297,412 4,911 14.000 1 25,951 272,449 3,704 13,280 2945,551 2603,481 3 17,258 636,170 6,823 27,794 8866,497 325,26? Dallas SanFran. 11,340 14,619 66,513 126 68,328 35,283 — 27,913 270,893 746,87? 245.204 155,709 429,312 140,945 1290,887 —— 1290,887 l 6,542 159,493 2,963 10,115 2121,699 725,966 792,605 1 5,760 97,957 1,044 5.880 57,559 41,592 52,668 20,44l 24,853 62,705 198,379 241,198 4 8 5 , 3 0 2 546,953 6 6 5 , 0 0 7 1338,029 179.568 218,325 439,283 945,341 1149,383 2325,319 —— 725,966 2628,166 599,266 2 6 8 5 , 7 2 5 963,833 6,289 5,235,068 1556,970 2406,861 1726,751 1571,032 3733,880 1341,770 1/ 7 20,051 778,502 7,207 41.294 Mpls. Kans.Cy. —— —— —— 945,341 1149,383 2325,319 1013,669 1 5,469 200,274 2,225 8,362 1234,803 2205,173 l/ After deducting $16,000 participations of other Federal Reserve Banks. 1184,666 1 6,697 178,872 619 9,937 1994,677 2377,987 2 21,503 408,604 6,823 18,922 5561,158 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AHtIL 22, 1953 (In thousands of dollars) 1.4.1(c) [.TAB I L I T I E S Total New York Boston Fhila, Cleve. Rich. Atlanta Chicago St.Louis 1765,892 1366,090 4903,642 1183,711 25,496,728 1578,308 5,616,306 1813,253 2357,466 Federal Reserve notes Deposits i 5,898,018 929,345 1475,460 809,859 883,443 3186,048 705,661 • Member bank-reserve accts.19,475,694 802,555 31,942 39,155 60,571 31,675 35,737 40,860 85,493 509,139 29,247 U.S.Treasurer-general acct , 29,160 25,078 79,898 22,162 43,740 53,654 584,652 35,575 1/173,479 Foreign 981 2.961 3.02 28 4.498 282.771 >6.368 4.61 Other 874,942 950,637 3329,564 766,747 20,925,853 872,026 6,439,761 1012,550 1574,472 Total deposits 587,186 193,809 294,710 244,765 234,892 480,129 125,376 3,166,051 260,610 Deferred avail, cash items Other liabilities and accrued dividends 2886,737 2552,559 8716,064 2076,631 49,607,892 2712,030 12,648,941 3020,622 4228,648 TOTAL LIABILITIES 11,183 10,893 32,919 8,896 81,293 17,470 24,624 257,166 13,784 Capital paid in 29,248 25,803 84,628 23,628 167,503 43,578 54,064 584,676 36,462 Surplus (Section 7) 3,349 762 1,429 521 7,319 4,489 1,006 27,543 3,011 Surplus (Section 13b) 15.034 13.464 31.451 12,02 ?30 lZi-820 20 _218.778 15.48 ;Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 50,696,055 2780,772 30,452 2,940 1,864 Mpls. Kans.Cy. Dallas SanFran. 640,622 1001,646 721,820 2547,972 443,245 21,170 14,580 933,210 38,227 22,162 ,12/ 992,651 2416,199 32,510 62,552 26,244 58,920 1.194 36.627 481,119 82,723 997,138 1052,599 2574,298 163,259 169,414 329,178 1205,056 2162,673 1944,751 5453,180 5,785 9,723 12,651 27,945 15,131 21,925 25,381 57,325 1,073 1,137 1,307 2,140 58 Q.7TS 10.587 20.568 12,951,986 3100,979 4329,279 2945,551 2603,481 8866,497 2121,699 1234,803 2205,173 1994,677 5561,158 2/8,912 2,291 1,285 2,811 749 1,527 53 1,314 4,186 1,161 764 109 1,161 1,375 3,086 744 FEDERAL RESERVE AGENTS' ACCOUNTS F, R. notes outstanding .Collateral for F.R. notes: Gold certificates ..... Eligible paper U. S. Govt, securities Total collateral 26,514,568 1625,206 654,867 1032,343 759,911 2735,218 4,520,000 745,000 820,000 500,000 310,000 2700,000 280,000 155,000 280,000 50,180 69,770 57,435 — 24,000 416,531 38,688 OS.000 800.000 00.000 2400-000 1025.000 14.760.000 1300.000 1.500.000 1900-000 1700.000 1450.000 W.a&sS 6^089,770 a & S ? 2520:000 1^74:000 1510,000 5 1 0 0 ^ 1355A80 726,050 1147,608 214,000 1700,000 12,624,000 5,853,00 1874,682 2443,979 1866,360 1438,010 5001,414 1229,535 400,000 Hi::: esssss 3 : : : = = £ £ : 580.000 1100.000 794,UX, 2842,800
@FedFRASER