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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.4.1
(For Immediate Release)
December 30, 1953
CONDITION OF THE FEDERAL RESERVE BANKS
Member Bank Reserves and Related Items
During t h e p e r i o d ended December 29, Member bank r e s e r v e s decreased
$65 m i l l i o n . The p r i n c i p a l changes reducing r e s e r v e s were a d e c r e a s e of
$577 m i l l i o n i n Reserve Bank c r e d i t and an i n c r e a s e of $11 m i l l i o n i n Treasury
cash h o l d i n g s . The p r i n c i p a l o f f s e t t i n g changes were d e c r e a s e s of $303 m i l l i o n
i n Treasury d e p o s i t s with F e d e r a l Reserve Banks, $147 m i l l i o n i n Money i n
c i r c u l a t i o n , and $62 m i l l i o n i n Other d e p o s i t s w i t h F e d e r a l Reserve Banks.
The d e c r e a s e of $577 m i l l i o n i n Reserve Bank c r e d i t r e s u l t e d from
decr eas es of $377 m i l l i o n i n F l o a t and $303 m i l l i o n i n Loans, d i s c o u n t s and
advances, and an i n c r e a s e of $103 m i l l i o n i n U. S. Government s e c u r i t i e s h e l d
under repurchase agreement.
NOTE: In next week's s t a t e m e n t
comparisons f o r t h i s week w i l l be made
w i t h f i g u r e s f o r Wednesday, December 30.
December 30 f i g u r e s w i l l a l s o be used i n
the t a b l e s published in the Federal
Reserve B u l l e t i n .
Member Bank Reserves
and R e l a t e d Items
Dec. 29),
1953
Change s i n c e
Dec. 23,
Dec. 31
1953
1952
( I n m i l l i o n s of d o l l a r s )
Reserve Bank c r e d i t :
U. S. Government s e c u r i t i e s - Bought o u t r i g h t
Held under r e p u r c h a s e agreement
Loans, d i s c o u n t s and advances
Float
Total
Gold stock
Treasury c u r r e n c y o u t s t a n d i n g
25,318
671
134
992
27,115
22,029
4,889
Money i n c i r c u l a t i o n
Treasury cash h o l d i n g s
Treasury d e p o s i t s w i t h F. R. Banks
Foreign d e p o s i t s w i t h F . R. Banks
Other d e p o s i t s w i t h F . R. Banks
Other F. R. accounts ( n e t )
31,009
774
496
452
365
937
-147
+ 11
-303
- 9
- 62
- -
+
576
496
107
98
90
160
Member bank r e s e r v e s
19,999
- 65
+
49
19,304
695
+ 54
-119
-1,216
+1,265
852
232
+ 55
-271
-1,471
Required r e s e r v e s ( e s t i m a t e d )
Excess r e s e r v e s ( e s t i m a t e d )
Daily averages f o r p e r i o d - Estimated excess r e s e r v e s of member banks
Member bank borrowings a t F . R. Banks
+1,284
+
8
26
+
25
+1,290
-1,158
+
77
+103
-303
-377
-577
- -
+
3
+
+
6
U, S. Government s e c u r i t i e s h e l d i n custody by t h e F e d e r a l Reserve Banks
f o r f o r e i g n account were $2,%l6 m i l l i o n , a decrease of $21 m i l l i o n f o r t h e p e r i o d
and an i n c r e a s e of $560 m i l l i o n from the comparable date a year ago.
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H.4.1(a)
.
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
( I n thousands of d o l l a r s )
Change s i n c e
Dec- 23,
Dec. 31,
1953
1952
Dec. 29,
1953
A S S E T S
Gold c e r t i f i c a t e s
Redemption fund f o r F , R. n o t e s
T o t a l gold c e r t i f i c a t e r e s e r v e s
Other cash
Discounts and advances
I n d u s t r i a l loans
g
U S. Government s e c u r i t i e s ;
Bought o u t r i g h t f
Bills
Cjh
Certificates
Notes
Bonds
T o t a l bought o u t r i g h t
Held under r e p u r c h a s e agreement
T ot al U. S. Government s e c u r i t i e s
r
20,438,103
900.644
21,338,747
321,349
131,975
2,265
+
+
-
- 746,999
+ 100,041
22,969
303,090
140
671
24,404
1,627
__
2,596,312
5,816,541
13,263,671
3,641,150
•
-
- - »
9?0
+
25,988.624
T o t a l loans and s e c u r i t i e s
Due from f o r e i g n banks
F. R. n o t e s of o t h e r banks
Uncollected cash items
Bank premises
Other a s s e t s
TOTAL ASSETS
20,000
20,000
26,122,864
22
177,899
4,301,653
51,635
151,616
52,465,785
- 646,958
+1,854,362
+ 820,825
- 510,000
- 880,825
103,250
103,250
7,250
+1,291,612
199,980
201,316
91
6,468
360,916
+1,265,581
1
61,559
+
62,874
+
3,287
- ^ 9,262
+ 613,291
11,034
L I A B I L I T I E S
F e d e r a l Reserve n o t e s
Deposits:
Member b a n k — r e s e r v e accounts
U. S. T r e a s u r e r - - g e n e r a l account
Foreign
Other
Total deposits
Deferred a v a i l a b i l i t y cash items
Other l i a b i l i t i e s and accrued d i v i d e n d s
TOTAL LIABILITIES
26,702,672
-
105,371
+ 452,373
19,999,332
495,981
452,224
365.253
21,312,790
3,309,875
25^8
51,351,295
-
64,587
303,346
8,613
62.012
438,558
+
+
-
320
367,388
+
38,314
+
11,035
+ 470,458
CAPITAL
ACCOUNTS
C a p i t a l paid i n
Surplus ( S e c t i o n 7)
Surplus ( S e c t i o n 13b)
Other c a p i t a l a c c o u n t s
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
265,083
584,676
27,543
237.188
52,465,785
±
-
6^11
360,916
44A#
+
• 5$
-
1.8#
23,413
3,125
+
+
410
108
+
3,621
86
R a t i o of gold c e r t i f i c a t e r e s e r v e s t o d e p o s i t
and F, R. note l i a b i l i t i e s combined
Contingent l i a b i l i t y on a c c e p t a n c e s purchased
for foreign correspondents
I n d u s t r i a l loan commitments
-
+ 176,221
+
-
201
+
48,960
107,173
97,735
89,662
—
12,449
+ 130,384
+ 613,291
MATURITY DISTRIBUTION OF LOANS AND SECURITIES. DECEMBER 29, 1953
( S e c u r i t i e s held under r e p u r c h a s e agreement a r e c l a s s i f i e d a s maturing
w i t h i n 15 days i n accordance w i t h maximum m a t u r i t y of t h e a g r e e m e n t s . )
Within 15 days
16 t o 90 days
91 days t o 1 year
Over 1 year t o 5 y e a r s
Over 5 y e a r s t o 10 y e a r s
Over 10 y e a r s
Total
Discounts and
advances
120,525
11,450
Industrial
loans
821
72
1,312
60
131,975
2,265
U. S. Government
securities
1,110,350
6,079,112
9,855,241
6,154,664
1,374,400
1.414.857
25,988,624
STATEMENT OF CONDITION OF THE FEDERAL RE8EKV& BAjtfKb OiN
(In thousands of dollars)
H.4.1(b)
29,
A S S ETS
Total
Gold c e r t i f i c a t e s
Redemption fund f o r
F. R. notes
Boston
2 0 , 4 3 8 , 1 0 3 1042,743
900,644
54,927
T o t a l gold c e r t i f i c a t e
reserves
21,338,747 1097,670
Other cash
321,349
131,975
Discounts and advances
Industrial loans
2,265
U» S* Govt, securities:
Bought outright-Bills
2,596,312
Certificates
5,816,5^1
Motes
13,263,671
Bonds
3,641,150
Total
25,317,674
Held under repurchase
agreement
670,950
22,210
3,715
—
142,963
320,281
730,351
200,497
1394,092
21
New York
Phila.
Cleve.
Rich. Atlanta Chicago St.Louis
5,015,290 1323,833 1838,484 1129,070
183,706
61,085
82,247
76,97%
5,198,996 1384,918 1920,731 1206,044
66,620
16,300
—
22,747
10,100
1,784
18,982
9,080
--
16,789
17,250
60
941,069 3807,537
881,598
496,464
862,174
151,495
49,408
25,562
41,453
999,882 3959,032
931,006
522,026
903,627
22,180
6,570
—
7,128
11,125
92
12,337
29,145
58,813
28,302
10,995
329
57,799
10,205
—
668,363 156,438 220,398 153,962 132,799 448,726 109,230
1,497,341 350,470 493,760 344,921 297,510 1005,285 244,709
3,414,440 799,189 1125,940 786,536 678,424 2292,387 558,015
937,334 219,394 309,094 215,919 186,241 629,306 153,186
6,517,478 1525,491 2149,192 1501,338 1294,974 4375,704 1065,140
670,950
zi
II
II
Mpls. Kans.Cy.
II
II
12.
Dallas SanFran.
787,316 2312,525
30,399
84,575
817,715 2397,100
12,128
2,175
34,127
5,315
64,080 113,155 103,133 283,065
143,558 253,501 231,051 634,154
327,360 578,071 526,873 1446,085
89,868 158,693 144,637 396,981
624,066 1103,420 1005,694 2760,265
II
. —
--
Total U. S. Government
"* s e c u r i t i e s
25,988,624 1394,092
7,188,428 1525,491 2149,192 1501,338 1294,974 4375,704 I 0 6 5 , l 4 0
624,866 1103,420 1005,694 2760,285
T o t a l l o a n s and
securities
7,204,728 1537,375 2158,272 1518,648 1306,298 4385,909 1071,710
636,083 1132,565 1007,869 2765,600
26,122,864 1397,807
Due from f o r e i g n banks
22
F . R . n o t e s of Other banks 177,899
U n c o l l e c t e d cash items 4,301,653
Bank premises
51,635
Other a s s e t s
151,616
TOTAL ASSETS
1
3,374
387,130
5,091
9,532
l/ 6
26,292
870,481
7,4l4
38,160
2
10,539
258,303
4,734
8,689
2
10,179
440,999
5,289
12,783
1
21,541
346,196
4,712
8,816
1
22,389
236,890
3,636
8,570
3
22,287
734,457
6,633
25,476
1
13,518
188,952
2,898
6,086
1
7,370
100,377
1,024
3,6l4
1
8,554
210,838
2,244
7,123
1
9,226
157,082
590
6,594
2
22,630
369,948
7,370
16,173
52,465,785 2922,815 13,412,697 3227,307 4567,237 3122,747 2605,968 9191,596 2236,351 1277,623 2277,289 2011,205 5612,950
l/ After deducting $16,000 participations of other Federal Reserve Banks.
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 29, 1953
( i n thousands of d o l l a r s )
H.4.l(c)
L I A B I L I T
IBS
F e d e r a l Reserve n o t e s
Deposits:
Total
Boston
Chicago S t . L o u i s
Mpls. Kans.Cy.
D a l l a s SanFran.
5,933>92 1914,775 2485,668 1865,845 1427,836 5121,469 1218,519
647,596 1023,038
751,866 2655,635
844,498
31,369
27,450
3,652
6,009,738
55,722
1/134,955
300,602
952,621 1549,649
45,434
50,710
33,750
41,400
1,665
5,678
842,433
35,989
22,500
1,218
893,882 3279,717
30,906
63,354
19,350
61,650
898
915
748,597
30,723
17,100
8,606
479,676
28,241
11,250
1,960
6,501,017 1033,470 1647,437
655,771 196,089 330,189
902,i4o
294,282
945,036 3405,636
181,273 502,906
805,026
167,230
521,127 1023,122 1081,180 2540,630
78,814 185,922 126,412 301,804
26,702,672 1656,933
Member bank-reserve a c c t s . 19,999,332
U.S.Treasurer-general a c c t .
495,981
Foreign
452,224
Other
365,253
New York
Phila.
Cleve.
Rich.
Atlanta
953,217 1025,843 2419,461
47,851
34,502
41,180
17,100
20,250
45,469
4,954
585
34,520
Total deposits
D e f e r r e d a v a i l . cash items
Other l i a b i l i t i e s and
a c c r u e d dividends
21,312,790
3,309,875
906,969
289,183
25,958
1,107
TOTAL LIABILITIES
Capital paid in
S u r p l u s ( S e c t i o n 7)
Surplus ( S e c t i o n 13b)
Other c a p i t a l a c c o u n t s
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
51,351,295 2854,192 13,099,285 3145,601 4465,814 3063,399 2555,221 9034,068 2191,566 1248,16? 2232,992 1960,565 5500,425
265,083
14,443
81,851
18,029
25,410
11,580
11,158
34,974
9,143
5,892
10,122
13,270
29,211
43,578
54,064
29,248
25,803
84,628
23,628
15,131
21,925
25,381
57,325
584,676
36,462
167,503
27,543
3,011
7,319
4,489
1,006
3,349
762
1,429
521
1,073
1,137
1,307
2,l4o
237,188
14,707
56,739
15,610
20,943
15,171
13,024
36,497
11,493
7,360
11,113
10,682
23,849
Contingent l i a b i l i t y on
a c c e p t a n c e s purchased
f o r f o r e i g n correspondents
I n d u s t r i a l l o a n commitments
9,005
1,267
2,520
1,132
1,076
4,057
791
630
910
1,107
2,356
52,465,785 2922,815 13,412,697 3227,307 4567,237 3122,747 2605,968 9191,596 2236,351 1277,623 2277,289 2011,205 5612,950
23,413
3,125
1,404
2/7,193
1,726
1,328
2,117
748
1,150
51
989
131
3,152
28
874
575
874
839
1,035
2,324
FEDERAL RESERVE AGENTS' ACCOUNTS
F . E. n o t e s o u t s t a n d i n g
C o l l a t e r a l f o r F.R. n o t e s :
Gold c e r t i f i c a t e s
E l i g i b l e paper
U* S, Govt, s e c u r i t i e s
Total c o l l a t e r a l
27,793,834 1709,295
6,169,313 1998,326 2581,047 1962,305 1505,508 5274,678 1272,376
664,724 1059,539
789,610 2807,113
11,093,000 64o,ooo
85,170
2,800
17,420,000 1200,000
28,598,170 1842,800
2,670,000 800,000 1050,000 625,000 435,000 2400,000
24oo,ooo 355,000
7,770
8,975
—
16,500
----6,000
3,600,000 1200,000 1550,000 1350,000 1100,000 3000,000 975,000
6,277,770 2008,975 2600,000 1991,500 1535,000 5400,000 1336,000
175,000 280,000
10,750
28,575
500,000 800,000
685,750 1108,575
283,000 1380,000
--3,800
525,000 1620,000
808,000 3003,800
l / A f t e r deducting $317,250,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks.
2 / A f t e r deducting $16,220,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks.
@FedFRASER