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BOABD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) August 20, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 19, Member bank reserves increased $48 million. The principal changes supplying reserves were an increase of $225 million in Reserve Bank credit and a decrease of $13 million in Money in circulation. The principal offsetting changes were increases of $63 million in Treasury deposits with Federal Reserve Banks, $6l million in Other deposits with Federal Reserve Banks, and $59 million in Foreign deposits with Federal Reserve Banks. The increase of $225 million in Reserve Bank credit resulted from increases of $142 million in Float, $39 million in Loans, discounts and advances, $25 million in U. S. Government securities "bought outright, and $19 million in U. S. Government securities held under repurchase agreement. Holdings of U. S. Government securities bought outright reflected an increase of $25 million in bills. Member Bank Reserves and Related Items August 19, 1953 Change since August 12, August 20 1953 1952 (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 24,989 19 818 751 26,577 22,228 4,861 + 25 + 19 + 39 +142 +225 + 2 +1,957 + 19 - 165 44 +1,767 -1,116 + 95 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) 30,145 1,280 738 610 390 862 + + + + + 13 5 63 59 61 3 +1,077 1 + 212 - 229 + 172 + l4l Member bank reserves 19,641 + 48 - 626 18,831 810 - 75 +123. + 821 195 - 55 - 95 + 15 56 Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member b Member bank borrowings at F. R. Banks 687 743 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,464 million, an increase of $28 million for the week and an increase of $410 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) August 19, 1953 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,246,104 798,477 21,044,581 335,411 814,989 2,821 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank--reserve accounts U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments Change since August 20, August 12, 1952 1953 + + + - + - 1,697,304 4,995,716 13,773,671 4,521,975 24,988,666 19,000 25,007,666 + 25,825,476 22 176,428 3,999,601 50,071 162,387 51,593,977 + + + + + 25,892,405 - 25,000 25,000 19,000 44,000 +1,322,304 -6,857,500 +8,205,598 713,848 +1,956,554 19,000 + +1,975,554 82,609 1 3,758 241,492 45 6,358 333,471 +1,809,884 1 6,410 + 257,201 + 4,637 68,672 + 882,807" - - - + + + - + + 261,087 584,676 27,543 182,148 51,593,977 + 25,334 3,653 -1,207,397 + 103,239 -1,104,158 9,674 164,009 l,66l - - - 19,640,898 738,086 609,885 390,196 21,379,065 3,248,505 18,548 50,538,523 44.5$ 3 7,709 7,712 986 38,646 37 + + + + + + - - - 7,459 - - - + 976,347 + + + 626,118 212,105 229,276 172,311 "%7b,97B 300,754 2,665 808,788 186 + + 14,703 46,334 7,723 333,471 + + 12,982 882,807 48,331 63,567 58,863 61,607 232,368 99,626 1,027 325,562 - - - + - + - - - + + - - ,2fo 150 24 2.% - + 16,198 2,624 " MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 19, 1953 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) 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 757,073 56,959 157 614,989 Industrial loans 693 249 1,463 4i6 2,021 U. S. Government securities 424,900 2,147,229 13,194,016 6,452,264 1,374,400 1,414,857 25,007,555 STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BANKS ON AUGUST 19, 1953 (In thousands of dollars) H A . 1(b) A S S E T S Gold certificates Total Boston 20,246,104 690,325 ^8,4?7 64,010 21,044,581 754,335 Redei^tion^fund for ^reserves certiflcate Other cash Discounts and advances Industrial loans U. S. Govt, securities: B °Bills° U t r i 6 h t ~" — ' Phila. Cleve. Rich. Atlanta 6,335,328 1210,879 1475,202 731,723 . 106,039 61,042 85,111 83,607 6,441,367 1271,921 1560,313 815,330 Chicago St.Louis 638,508 4385,256 Mpls. Kans.Cy. 312,603 891,361 124,353 50,315 25,910 40,078 699,304 4509,609 566,358 338,513 931,439 503,080 2653,012 26,150 70,661 ' 17,066 45,929 154,486 5,386 482 - 5,521 14,738 106 10,857 35,243 - 12,007 39,046 45,498 107,660 80,317 60,796 28,709 l^>5 - 64,169 243,218 - 22,718 13,668 2,133 22,615 9 2,8 7 0 - 15,892 4l,448 100 1,697,304 117,817 380,448 106,317 164,864 118,595 101,873 251,099 91,384 52,216 67,400 - ~ ~ ] ~ ~ ~ ] 19,000 &E - 19,000 Dallas SanFran. 516,043 335,411 81^989 2,821 « Held under repurchase agreement New York 471,952 2586,924 31,128 66,088 164,974 X §$:§ [ ~ T °securitles G ° Verninent 25,007,666 1734,727 5,620,068 1565,265 2427,224 1746,196 1499,750 3696,776 1345,227 768,751 T °securities an ~ 5,863,286 1581,066 2520,094 1787,744 1546,161 3851,262 1350,613 783,595 1027,543 1227,985 2536,555 Otherassets TOTAL ASSETS 25,825,476 1749,572 162^87 992,300 1182,487 2428,895 ,|g 41 a; 4:1 W 4, «s ji ft ii -i 11,798 35,290 9,947 15,846 11,140 10,470 23,581 8,315 4,930 7,213 8,195 15,662 51,593,977 2862,239 13,212,498 3161,800 4490,024 2978,662 2573,761 9120,895 2113,671 1254,412 2196,071 1944,769 5685,175 1/ After deducting $l6,000 participations of other Federal Reserve Banks. H.4.1(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 19, 1953 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St. Louis Kans.Cy. Dallas SanFran. Federal Reserve notes 1010,601 729,014 2637,954 25,892,405 1590,422 5,682,171 1842,998 2417,533 1789,731 1368,017 5018,946 1171,933 Deposits: Member bank-reserve accts. 19,640,898 813,024 6,022,244 902,403 1526,619 786,248 864,013 3248,348 704,013 451,121 930,271 934,885 2457,709 U.S.Treasurer-general acct 738,086 69,699 148,449 7^,142 83,318 43,493 35,793 101,280 38,323 33,422 49,647 21,997 38,523 Foreign 25,968 82,734 22,948 15,098 22,948 609,885 36,838 1/184,115 45,293 55,559 30,195 61,013 27,176 Other 815 847 7,610 1,328 390,196 5,600 304,509 2,746 4,377 1,931 58,121 1,553 759 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 21,Sf9,065 3,248,505 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS §0,538,523 2795,739 12,917,146 3083,289 4392,937 2922,020 2525,216 8975,661 2070,578 1225,777 2154,531 1895,951 5579,678 261,087 14,235 81,470 17,791 24,792 11,347 10,997 33,623 8,971 5,838 10,000 13,163 28,860 584,676 36,462 167,503 43,578 54,064 29,248 25,803 84,628 23,628 15,131 21,925 25,381 57,325 27,5^3 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 182,148 12,792 39,060 12,653 17,225 12,698 10,983 25,554 9,973 6,593 8,478 8,967 17,172 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 18,548 925,161 6,659,317 1024,584 1669,873 278,924 570,478 214,736 303,719 861,867 269,352 1,812 1,070 1,232 5,180 971 926,589 3433,209 772,894 229,654 520,774 124,968 956 2,732 783 500,969 91,013 2626,490 976,769 1001,343 : 166,495 164,698 313,694 710 666 896 1,540 51,593,977 2862,239 13,212,498 3161,800 4490,024 2978,662 2573,761 9120,895 2113,671 1254,412 2196,071 1944,769 5685,175 25,334 3,653 1,546 2/ 7,464 1,901 1,909 2,332 749 1,267 52 1,090 3,473 4l 963 634 963 902 1,141 2,560 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,866,584 1656,106 5,899,791 1906,572 2494,357 1872,101 1435,678 5120,442 1217,428 648,628 1040,143 765,845 2809,493 11,983,000 390,000 3,920,000 745,000 800,000 430,000 310,000 2800,000 260,000 145,000 280,000 183,000 1700,000 14,265 404,995 15,600,000 1300,000 27,987,995 1704,265 4,825 40,973 214,895 12,955 2,100,000 1200,000 1700,000 1450,000 1200,000 2400,000 1025,000 6,234,895 1957,955 2500,000 1920,973 1510,000 5200,000 1309,825 14,500 34,882 — 67,700 525,000 800,000 600,000 1300,000 684,500 1114,882 783,000 3067,700 1/ After deducting $425,750,000 participations of other Federal Reserve Banks. 2/ After deducting $17,870,000 participations of other Federal Reserve Banks.
@FedFRASER