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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4,1 (For Immediate Release) February 13> 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During ttie week ended February 11, Member bank reserves decreased $208 million. The principal changes reducing reserves were decreases of $236 million i n Reserve Bank c r e d i t and $103 million i n Gold stock, and increases of $119 million i n Money i n c i r c u l a t i o n and $14 million i n Other deposits with Federal Reserve Banks. The principal o f f s e t t i n g changes were decreases of $241 million i n Treasury deposits with Federal Reserve Banks and $19 million in Treasury cash holdings. The decrease of $236 million i n Reserve Bank credit resulted from decreases of $121 million i n F l o a t , $60 million i n U. S. Government s e c u r i t i e s , and $55 million i n Loans, discounts and advances. Holdings of U. S. Government s e c u r i t i e s r e f l e c t e d a decrease of $60 million i n b i l l s . Member Bank Reserves and Related Items Feb. 11, 1953 Change since Feb. 4, Feb. 13, 1953 1953 (In millions of d o l l a r s ) Reserve Bank credit 1 U. S. Government s e c u r i t i e s Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,929 1,333 650 25,912 22,832 4,820 - 60 - 55 -121 -236 -103 Money i n c i r c u l a t i o n 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) 29,776 1,312 431 558 340 770 +119 - 19 -241 - 4 + 14 —— +1,351 + 36 + 170 + 130 + 83 + 29 Member bank reserves 20,376 -208 + 282 19,931 445 -115 - 93 + 627 - 345 612 +142 131 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) —— +1,430 + 709 + 20 +2,159 - 179 + 103 H. 4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Feb. 4, 1953 Feb. 11, 1953 ASSETS Gold c e r t i f i c a t e s Redemption fund for F. R. notes Total gold c e r t i f i c a t e reserves Feb. 13, 1952 20,880,101 758,278 21,630,379 - 99,999 52 100,051 239,151 402,062 6,007 29,561 1,329,476 3,767 55,189 7 + U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 637,254 4,995,716 13,773,671 4,521,975 23,920,616 60,100 + 637,254 - 7,091,432 + 8,705,598 822,152 + 1,429,268 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 25,261,859 23 192,398 3,618,643 48,867 214,461 51,376,692 - 20,974 48,489 158 8,414 282,245 25,668,625 + 75,549 Other cash Discounts and advances Industrial loans LIABILITIES Federal Reserve notes Deposits: Member bank--reserve accounts U. S. Treasurer--general 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 dividends TOTAL LIABILITIES 20,375,971 431,342 558,111 340,296 21,705,720 2,969,025 16,212 50,359,502 CAPITAL ACCOUNTS Capital paid in ' Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 255,668 584,676 27,543 149,223 51,376,692 Ratio of gold c e r t i f i c a t e reserves to deposit 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 acceptances purchased for foreign correspondents Industrial loan commitments 60,100 - 115,296 + - — — — - + + - + - + + + 208,223 241,088 3,837 14,566 438,582 72,412 461 290,160 699 — *» — + - + + + 710,137 863 2,138,542 5 12,964 138,447 4,808 32,325 1,031,651 + 1,257,656 + + + 282,392 170,134 130,240 83,117 665,883 158,397 2,233 1,767,375 + + 15,397 46,334 + + 2,545 + + + + + - ——— + - 7,216 282,245 45.7# + .2$ 24,653 3,133 + 2,390 158 - - + - 2.3# 12,981 3,938 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 11, 1953 (Callable Government securities c l a s s i f i e d according to nearest c a l l date) 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 Discounts and advances Industrial loans U, S. Government securities 1,086,196 243,280 268 1,948 1,196 355 3,869,350 455,454 10,520,141 6,655,200 1,070,224 1,329,476 3,767 AM H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 11, 1953 (In thousands of dollars) ASSETS Total Gold c e r t i f i c a t e s Redemption fund for F. R. notes Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 20,880,101 662,109 6,732,288 1229,449 1438,996 829,780 693,826 4178,170 566,585 758,278 64,318 78,176 56,122 84,726 81,564 58,799 128,704 51,664 Mpls. Kans.Cy. Dallas SanFran. 362,703 908,672 623,470 2654,053 25,444 41,073 29,197 58,491 Total gold c e r t i f i c a t e reserves 21,638,379 726,427 6,810,464 1285,571 1523,722 911,344 752,625 4306,874 618,249 388,147 949,745 652,667 2712,544 Other cash 84,882 28,244 402,062 30,465 Discounts and advances 1,329,476 27,287 243,028 53,257 Industrial loans 3,767 3,323 U. S. Govt, securities: Bills 637,254 190,569 37,349 Certificates 4,995,716 366,863 1,069,838 312,927 Notes 13,773,671 1011,442 2,949,673 862,769 Bonds 968,394 283,252 4,521,975 332,062 36,228 177,399 24,643 41,055 62 29,209 67,617 28,265 435,245 250 19,399 85,152 5,981 27,887 132 13,246 83,622 13,484 31,098 48,664 96,181 57,916 42,624 38,926 102,139 22,864 18,622 23,677 28,788 73,780 485,249 357,123 326,140 724,343 270,893 156,027 198,379 241,198 486,736 1337,878 984,625 899,200 1997,086 746,877 430,179 546,953 665,007 1341,982 439,233 323,258 295,213 655,655 245,204 141,230 179,568 218,325 440,581 Total U. S, Government securities 23,928,616 1710,367 5,178,474 1496,297 2320,276 1707,630 1559,479 3479,223 1285,838 746,058 948,577 1153,318 2343,079 Total loans and securities 25,261,859 1737,654 5,421,502 1552,877 2497,6Y5 1748,747 1587,994 3914,468 1370,990 774,077 1032,199 1184,416 2439,260 Due from foreign banks 1 23 F.R.notes of other banks 192,398 2,972 Uncollected cash items 3,618,643 275,078 Bank premises 4,462 48,867 214,461 15,555 Other assets TOTAL ASSETS 2 2 1 1 1/ 7 1 3 8,520 23,403 7,095 59,578 26,459 15,647 7,967 633,952 225,121 301,487 308,129 286,578 592,216 155,503 6,806 4,645 7,28l 3,006 3,374 3,652 4,933 45,072 13,247 21,026 15,463 14,649 30,981 11,319 1 1 1 2 6,124 8,698 18,424 7,511 93,964 189,073 155,484 402,058 626 1,049 2,258 6,775 8,826 10,760 20,998 6,565 51,376,692 2792,6l4 13,026,563 3116,956 4391,880 3072,838 2701,167 8934,612 2186,434 1275,908 2202,859 2026,136 5648,725 l / After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 11, 1953 (In thousands of d o l l a r s ) H.4.1(c) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 25,668,625 1566,663 5,642,653 1833,076 2371,460 1809,069 1394,693 4897,639 1197,815 644,491 1006,555 729,658 2574,853 Federal Reserve notes Deposits: Member bank-reserve a c c t s . 20,375,971 849,641 6,106,514 953,986 1568,075 885,672 951,131 3324,414 762,166 475,107 953,432 1052,969 2492,864 25,682 31,164 33,751 28,773 65,524 41,368 27,421 44,280 34,517 34,153 36,893 431,342 27,816 U.S.Treasurer-general acct 24,948 56,012 23,839 75,953 21,067 13,860 21,067 1/167,242 41,580 51,005 27,720 558,111 33,818 Foreign 1-699 691 74,178 1.210 957 8.000 1.434 276.239 1.922 4.413 5.825 340.296 3.728 Other 521,565 1009,949 1107,381 2648,578 81,774 145,909 141,905 322,747 Total deposits Deferred a v a i l , cash items Other l i a b i l i t i e s and accrued dividends 21,705,720 915,003 6,591,363 1024,909 1667,773 953,734 1010,333 3438,217 816,915 500,908 182,205 257,361 255,048 248,910 456,228 129,597 2,969,025 246,433 TOTAL LIABILITIES Capital paid i n Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,359,582 2728,893 12*739,179 3041,029 4298,331 3018,730 2654,763 8794,869 2145,019 1248,382 2162,970 1979,589 5547,828 8,894 5,768 9,660 12,510 27,791 10,811 32,800 11,147 255,668 13,689 80,729 17,372 24,497 23,628 15,131 21,925 25,381 57,325 84,628 25,803 29,248 584,676 36,462 167,503 43,578 54,064 521 1,073 1,137 1,307 2,140 762 1,429 3,349 27,543 3,011 7,319 4,489 1,006 8.372 5.55L 7.167 7.349 13,641 20.886 9.028 10.364 149.223 10.559 31.833 10.488 13.982 Contingent l i a b i l i t y on acceptances purchased f o r foreign correspondents I n d u s t r i a l loan commitments 16.212 .22k 4,355 839 1.737 JZ2_ 827 2.785 692 _552_ 645 1.650 51,376,692 2792,614 13,026,563 3116,956 4391,880 3072,838 2701,167 8934,612 2186,434 1275,908 2202,859 2026,136 5648,725 24,653 3,133 1,498 2/7,340 1,842 1,101 2,259 751 1,228 67 1,056 3,365 112 933 614 933 756 1,105 2,480 346 FEDERAL RESERVE AGENTS* ACCOUNTS F. R, notes outstanding Collateral f o r F.R. notes: 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 26,763,787 1643,770 5,880,114 1905,666 2456,522 1904,795 1470,112 5025,294 1257,349 658,589 1038,726 779,648 2743,202 12,879,000 400,000 4,520,000 825,000 820,000 500,000 335,000 2600,000 280,000 170,000 280,000 249,000 1900,000 —— 84,000 82,425 224,050 50,895 —— 36,880 — — 83,955 27,100 614,670 25,365 1^,640.000 1300.000 1.500.000 1100.000 1700.000 1&50.000 1200.000 2500.000 1025.000 505.000 800.000 560.000 1000.000 28,133,670 1725,365 6,244,050 1975,895 2520,000 1986,880 1535,000 5100,000 1388,955 702,100 1162,425 809,000 2984,000 1 / After deducting $390,852,000 participations of other Federal Reserve Banks. 2 / After deducting $17,313,000 participations of other Federal Reserve Banks.
@FedFRASER