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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) December 17, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended December 16, Member bank reserves increased $509 million. The principal changes supplying reserves were an increase of $240 million in Reserve Bank credit and decreases of $264 million in Treasury deposits with Federal Reserve Banks, $72 million in Other deposits with Federal Reserve Banks, and $27 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $56 million in Other F. R. accounts (net) and $49 million in Money in circulation. The increase of $240 million in Reserve Bank credit resulted from increases of $587 million in Float, $100 million in U. S. Government securities bought outright, and $12 million in U. S. Government securities held under repurchase agreement, and a decrease of $459 million in Loans, discounts and advances. Holdings of U. S. Government securities bought outright reflected an increase of $100 million in bills. NOTE: Next week's statement will be issued on Wednesday, December 23, as of Tuesday, December 22. Member Bank Reserves and Related Items Reserve Bank credit: U. S. Government securities-Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding Dec. 16, 1953 Change since Dec. 17, Dec. 9} 1953 (In millions of dollars) 25,243 214 271 1,193 26,921 22,028 4,884 +100 + 12 -459 +587 +240 - — +1,329 - 341 - 755 - 350 - 118 -1,249 1 + 78 + 49 - 9 -264 + 466 - 147 969 + 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) 30,953 769 224 464 259 936 - 72 + 56 - 265 + 51 + 76 Member bank reserves 20,229 +509 - 19,276 953 +232 +277 -1,306 + 770 430 +105 -241 + 59 -1,071 Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks - 27 - 500 337 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,715 million, an increase of $35 million for the week and an increase of $514 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 Dec* 9, Dee. 17, 1952 1953 Dec. 16, 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 20,460,103 881,571 21,341,674 309,803 268,437 2,291 2,521,312 5,8l6,54l 13,263,671 3,641,150 25,242,674 214,200 25,456,874 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 9,000 5,570 3,430 8,637 458,832 111 - + - + - 100,000 + - 844,998 * + - 736,603 19,774 754,005 1,399 + 108,395 +1,898,362 + - — — — - — + + + 11,950 111,950 . 346,993 100,000 820,825 510,000 - 880,825 +1,328,362 - 340,900 + 987,462 25,727,602 22 157,809 5,035,181 50,957 135,322 52,758,370 +1,551,748 + 597 50,172 +1 ,159,711 232,058 1 26,573 - 596,997 + 2,003 8,284 -1,114,623 26,619,000 + 42,685 + 20,228,791 223,652 463,608 258,877 21,174,920 3,841,949 22,767 51,650,644 + 509,043 264,000 27,372 72,453 145,218 264,156 584,676 27,543 223,351 52,758,370 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 44.7 $ 22,540 3,236 - - 676 - — • - + + 964,696 312 +1,152,207 - + 417 mm m. w + + 393,093 - 969,042 - 147,586 - 265,423 51,333 + -1,330,718 - 246,813 1,299 + -1,183,139 + + 13,912 46,334 + 8,270 — w mm + 7,007 +1,159,711 - + -1,114,623 .1$ 1,022 82 M + 4,399 543 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER l6, 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 243,48? 24,950 268,437 Industrial loans 952 75 1,205 59 2,291 U. S. Government securities "914,"358 5,743,354 9,855,241 6,154,664 1,374,400 I.414.857 . 25,456,874 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 16, 1953 (In thousands of dollars) H.4.1(b) A S S E T S Total Gold certificates Redemption fund for F. R. notes Boston 20,460,103 1034,18? 881,571 Other cash 309,803 23,4ll Discounts and advances 268,437 6,995 Industrial loans 2,291 — U. S. Govt, securities: Bought outright— Bills 2,521,312 138,834 Certificates 5,816,54l 320,281 Notes 13,263,671 730,351 Bonds 3,641,150 200,497 Total 25,242,674 1389,963 Held under repurchase agreement 214,200 Total U. S. Government securities ' 25,456,874 1389,963 Cleve. Rich. 164,215 6l,353 82,421 78,279 Atlanta Chicago St.Louis 917,909 3759,595 846,424 469,812 804,405 49,455 25,589 39,484 976,832 3911,261 895,879 495,401 843,889 6,134 9,435 94 11,429 19,772 58,923 151,666 ; 5,731,728 1311,822 l8ll,l47 ll4l,o89 63,872 46,370 — 22,195 7,380 1,728 20,481 26,705 — 16,079 18,900 60 25,391 23,04$ 409 649,056 151,919 214,031 149,515 128,962 1,497,341 350,470 493,760 344,921 297,510 3,414,440 799,189 1125,940 786,536 678,424 937,334 219,394 309,094 215,919 186,241 6,498,171 1520,972 2142,825 1496,891 1291,137 214,200 -- Mpls. Kans.Cy. Dallas SanFran. 691,617 2326,636 30,437 84,670 ; 52,760 38,855 — 19,477 5,270 — 435,764 106,075 1005,285 244,709 2292,387 558,015 629,306 153,186 4362,742 1061,985 722,054 2411,306 12,302 42,995 36,272 22,715 62,228 109,886 100,154 274,888 143,558 253,501 231,051 634,154 327,360 578,071 526,873 1446,085 89,868 158,693 144,637 396,981 623,014 1100,151 1002,715 2752,108 ~~ 6,712,371 1520,972 2142,825 1496,891 1291,137 4362,742 1061,985 623,014 1100,151 1002,715 2752,108 25,727,602 1396,958 6,758,741 1530,080 2169,530 1515,851 1314,591 4401,597 1067,255 632,543 1119,923 1045,710 2774,823 Due from foreign banks 22 F.R.notes of other banks 157,809 Uncollected cash items 5,035,l8l Bank premises 50,957 Other assets 135,322 TOTAL ASSETS Phila. 5,567,513 1250,469 1728,726 1062,610 55,079 Total gold certificate "reserves 21,341,674 1089,266 Total loans and ~ securities*^ New York l 4,690 397,548 5,070 8,48l l / 6 23,115 944,270 7,412 33,735 2 8,583 300,896 4,686 7,753 2 8,816 495,391 4,537 11,572 1 20,600 383,801 4,738 7,770 1 3 1 19,429 20,046 8,870 329,405 986,183 208,696 3,647 6,732 2,902 7,703 22,306 5,410 1 8,140 125,897 1,026 3,303 1 7,541 229,015 2,244 6,431 1 9,230 197,138 590 6,006 2 18,749 436,941 7,373 14,852 52,758,370 2925,425 13,562,879 3186,017 4521,476 3089,929 2676,999 9400,888 2208,490 1272,445 2220,473 1993,031 5700,318 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 B A M S ON DECEMBER l6, 1953 (In thousands of dollars) Total Boston Phila. Cleve. Rich. Atlanta Chicago St.Louis Dallas SanFran. 5,906,810 1904,575 2475,292 1864,555 1425,433 5099,852 1221,744 646,812 1022,081 753,013 2655,593 6,084,249 215,171 1/144,788 196,542 936,061 1540,993 417 511 33,915 41,602 2,248 4,016 851,440 867 22,610 2,400 995,084 2486,422 1,069 1,010 20,349 45,691 641 35,123 896,278 6,640,750 317,028 698,521 972,641 1587,122 226,714 356,831 877,317 932,933 3425,633 288,632 267,670 716,720 3,600 479,678 354 11,305 1,609 964,616 1,045 17,184 1,391 779,683 162,252 492,946 102,629 984,236 1017,143 : 2568,246 169,743 171,801 363,408 723 00 00 Mpls. Kans.Cy. 26,619,000 1643,240 Federal Reserve notes Deposits: Member bank-reserve accts. 20,228,791 864,304 U.S..Treasurer-general acct. 223,652 495 Foreign 463,608 27,584 Other 3,895 New York 911,010 3361,163 753,771 838 1,341 534 19,445 61,951 17,184 1,640 1,178 8,194 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 21,174,928 3,841,949 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section ljb) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,658,644 2857,653 13,253,501 3105,089 4421,383 3031,499 2626,939 9245,805 2164,402 1243,245 2176,845 1942,968 5589,315 264,156 14,366 81,809 18,027 25,045 11,530 11,113 34,809 9,080 5,878 10,070 13,264 29,165 584,676 36,462 167,503 43,578 54,064 29,248 25,803 84,628 23,628 15,131 21,925 25,381 57,325 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 22,767 1,107 7,420 1,159 2,138 995 903 785 1,011 2,068 52,758,370 2925,425 13,562,679 3186,017 4521,476 3089,929 2676,999 9400,888 2208,490 1272,445 2220,473 1993,031 5700,318 22,540 3,236 2/ 6,647 1,375 - - - - 1,691 1,436 2,074 748 1,127 51 969 133 3,088 28 857 - - - 564 - ~ - 857 840 1,014 2,277 - — - FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 660,389 1052,735 787,951 2817,066 11,468,000 640,000 3,070,000 800,000 1050,000 625,000 410,000 2400,000 355,000 175,000 280,000 124,062 6,080 19,202 6,255 — 18,150 4,700 9,060 39,415 17,020,000 1200,000 3,200,000 1200,000 1550,000 1350,000 1100,000 3000,000 975,000 500,000 800,000 28,612,062 1846,080 6,309,415 2006,255 2600,000 1993,150 1510,000 5400,000 1334,700 684,060 1099,202 283,000 1380,000 21,200 525,000 1620,000 808,000 3021,200 27,678,936 1706,117 6,162,113 1991,634 2568,457 1944,672 1491,743 5221,152 1274,907 - ~ - l/ After deducting $318,801,000 participations of other Federal Reserve Banks. 2/ After deducting $15,893,000 participations of other Federal Reserve Banks. - - -
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