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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) August 6, 1953. CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 5, Member bank reserves increased $85 million. The principal changes supplying reserves were decreases of $381 million in Treasury deposits with Federal Reserve Banks and $11 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $148 million in Reserve Bank credit and $50 million in Gold stock, and increases of $95 million in Money in circulation, $12 million in Treasury cash holdings, and $10 million in Foreign deposits with Federal Reserve Banks. The decrease of $148 million in Reserve Bank credit resulted from a decrease of $186 million in Loans, discounts and advances and an increase of $37 million in Float. Member Bank Reserves and Related Items August 5, 1953 Change since August 6, July 29, 1952 1953 (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 24,964 564 — — -186 +2,073 - 86 283 625 26,153 22,227 4,658 + 37 -148 - 50 + 5 + 9 +1,713 -1,123 + 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) 30,139 + 95 + 12 +1,098 860 - 11 - 3 Member bank reserves 19,614 + 85 646 18,950 664 + 45 + 40 - 725 + 79 -106 - Treasury currency outstanding Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks 1,276 46o 557 332 598 618 -381 + 10 + 4 3 + 190 + 138 - 170 + 77 35 64o U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,378 million, a decrease of $6 million for the week and an increase of $4l8 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) Change since August 6, July 29, 1952 1953 August 5, 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 J. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,243,101 792,222 21,035,323 336,786 560,658 2,978 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS + 51,001 911 50,090 13,976 186,188 120 - 1,214,152 + 95,818 - 1,110,334 1,604 281,924 l,48l 1,306,404 6,798,000 8,205,598 641,448 2,072755% 1,672,304 4,995,716 13,773,671 A521475 24,963,666 + + + 24,963,666 + 1,907,054 25,527,302 23 181,155 3,390,182 49,995 146,908 50,667,674 186,308 + + 1,987 97,168 139 9,319 85,500 + 1,703,649 + + 752 188,179 4706,863 i 136,097 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 25,883,042 89,569 + 1,002,601 19,613,596 460,4l4 556,615 331,978 20,962,603 2,764,858 17,449 49,627,952 645,913 190,492 170,013 9,977 11,187 76,907 548,527 297,573 134,844 + 178,747 2,514 , M ? 4 i, 344,042 + "5357335 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 260,711 584,676 27,543 166,792 50,667,674 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 84,645 381,008 + + 27 7,972 "3367097 + 10,771 +706,863 2.9% 44.9% 25,406 3,574 14,423 46,334 + + 2,091 25 + - 16,313 2,533 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST 5, 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 494,474 66,014 170 560,650 Industrial loans 572 387 1,491 528 2,970 U. S. Government securities 559,400 2,139,129 13,023,616 6,452,264 1,374,400 1,414,857 24,963,666 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 5, 1953 (In thousands of dollars) H.4.l(b) A S S E T S Mpls. Kans.Cy. Dallas SanFran. Gold certificates Redemption fund for F. R. notes 20,243,101 666,979 6,403,017 1193,461 1429,698 713,324 605,504 4423,738 505,681 323,954 911,487 500,324 2565,934 792,222 Boston 64,26l New York 107,022 Phila. Cleve. Rich. Atlanta Chicago St.Louis Total 59,538 85,473 76,095 61,046 124,730 50,440 25,950 40,167 31,213 66,287 Total gold certificate 21,035,323 731,240 6,510,039 1252,999 1515,171 789,419 666,550 4548,468 556,121 349,904 951,654 531,537 2632,221 reserves 336,786 Other cash 560,658 Discounts and advances 2,978 Industrial loans U. S. Govt, securities: Bought outright-1,672,304 Bills 4,995,716 Certificates 13,773,671 Notes 4,521,975 Bonds Total c Held under repurchase agreement 29,323 12,875 61,297 95,743 — — 23,321 8,868 2,214 24,174 57,020 -- 15,572 38,623 100 28,209 38,979 557 115,388 371,692 104,751 162,436 119,547 102,487 344,704 1,110,378 312,927 485,249 357,124 306,177 950,383 3,061,419 862,769 1337,878 984,624 844,l6i 312,016 1,005,081 283,252 439,233 323,258 277,143 72,599 80,296 — 17,050 13,161 — — 5,726 13,488 107 10,723 29,187 10,894 57,308 - - 37,898 115,110 — — 247,414 90,376 66,407 50,753 78,505 162,548 739,086 269,949 151,600 198,379 234,544 485,599 2037,732 744,274 417,976 546,953 646,660 1338,842 668,999 244,349 137,224 179,568 212,302 439,550 Total U. S, Government securities 2k,963,666 1722,491 5,548,570 1563,699 2424,796 1784,553 1529,968 3693,231 1348,948 757,553 991,307 1172,011 2426,539 Total loans and securities 25,527,302 1735,366 5,644,313 1574,781 2481,816 1823,276 1569,504 3773,527 1362,109 Due from foreign banks 1 23 F.E.notes of other banks 181,155 6,086 Uncollected cash items 3,390,182 263,443 Bank premises 5,048 49,995 Other assets 146,908 10,595 TOTAL ASSETS 2 2 14,782 7,893 624,868 224,110 296,188 4,566 4,323 7,127 31,214 14,845 9,019 1/ 7 30,092 1 1 1 3 21,146 18,100 18,151 6,670 278,921 232,044 546,735 146,517 4,829 3,651 2,925 6,755 21,318 10,393 9,721 7,487 771,148 1020,494 1229,319 2541,649 1 1 1 8,687 9,308 96,394 178,453 147,006 606 1,035 2,163 4,405 6,564 7,253 14,892 2 25,348 355,503 6,967 14,094 50,667,674 2781,102 12,908,957 3103,337 4344,655 2943,557 2527,780 8987,556 2098,880 1243,505 2179,360 1935,303 5613,682 l/ After deducting $16,000 participations of other Federal Reserve Banks. H.4.1(c) L I A B I L I T I STATEMENT OF CONDITION OF TSE FEDERAL RESERVE BANKS ON AUGUST 5, 1953 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St. Louis Mpls. Kans.Cy. Dallas SanFran. 25,883,042 1590,963 5,694,670 1842,065 2409,527 1781,832 1377,551 5003,988 1174,707 634,886 1014,738 734,128 2623,987 Federal Reserve notes Deposits: Member bank-reserve accts. 19,613,596 824,423 5,926,642 914,897 1513,067 814,402 846,495 3270,938 699,830 453,466 915,853 971,786 2461,797 25,590 $3,845 37,781 31,587 U.S.Treasurer-general acct. 4S0,4l4 25,766 88,932 32,943 36,168 32,996 29,767 52,717 32,322 21,090 24,975 56,074 Foreign 556,615 33,855 1/165,321 41,625 51,060 27,750 23,865 76,035 21,090 13,875 2,298 747 31,237 1,756 Other 331,978 4,310 " 269,532 1,664 5,124 4,283 1,020 1,277 8,730 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,962,603 888,354 6,450,427 17,449 1,181 4,452 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,627,952 2715,606 12,616,982 3025,784 4249,176 2887,937 2480,159 8844,872 2056,638 1215,382 2138,455 1887,230 5509,731 260,711 14,239 81,454 17,789 24,715 11,296 10,996 33,427 8,970 5,825 9,991 13,154 28,855 584,676 36,462 167,503 43,578 54,064 29,248 25,803 84,628 23,628 15,131 21,925 25,581 57,325 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 2,764,858 27,543 166,792 235,108 3,011 11,784 991,129 1605,419 467,433 191,610 232,110 980 2,120 7,319 35,699 4,489 11,697 1,006 15,694 879,431 901,147 3400,967 761,972 225,774 200,555 437,224 119,184 900 3,349 11,727 906 762 10,060 2,693 1,429 23,200 775 521 9,123 500,684 977,022 1023,098 2582,953 79,078 146,064 129,288 301,430 631 716 1,361 734 1,073 6,094 1,137 7,852 1,307 8,231 2,l4o 15,631 50,667,674 2781,102 12,908/957 3103,337 4344,655 2943,557 2527,780 8987,556 2098,880 1243,505 2179,360 1935,303 5613,682 25,406 3,574 1,550 2/ 7,494 1,906 1,831 2,338 749 1,270 52 1,093 3,481 41 965 635 965 901 1,143 2,566 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes; Gold certificates Eligible paper U. S. Govt. securities Total collateral 26,821,345 1653,505 5,907,889 1908,742 2498,518 1865,602 1436,054 5102,970 1220,448 651,359 1039,179 766,857 2770,222 12,003,000 390,000 3,920,000 745,000 800,000 450,000 310,000 2800,000 280,000 145,000 280,000 183,000 1700,000 92,650 12,600 13,250 28,826 38,148 8,15 282,214 12,295 2 76,290 1200,000 1700,000 1450,000 1200,000 24oo,ooo 1025,000 525,000 8oo,ooo 15,600,000 1300,000 ,100,000 , - . 6oo,ooo 1300,000 „— 27,885,214 1702,295 6/09*5,290 1953,155 2500,000 1938,148 1510,000 5200,000 1317,600683,250 1108,826783,000 3092,650 l/ After deducting $391,275,000 participations of other Federal Reserve Banks. 2/ After deducting $17,912,000 participations of other Federal Reserve Banks.
@FedFRASER