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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) February 19, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended February 18, Member bank reserves decreased $58 million. The principal changes reducing reserves were decreases of $264 million in Reserve Bank credit and $110 million in Gold stock, and an increase of $65 million in Other F. R. accounts (net)* The principal offsetting changes were decreases of $122 million in Money in circulation, $100 million in Foreign deposits with Federal Reserve Banks, $96 million in Other deposits with Federal Reserve Banks, $36 million in Treasury deposits with Federal Reserve Banks, and $24 million in Treasury cash holdings. The decrease of $264 million in Reserve Bank credit resulted from decreases of $597 million in Loans, discounts and advances and $39 million in U» S. Government securities, and an increase of $373 million in Float. Holdings of U. S. Government securities reflected a decrease of $39 million in bills. Member Bank Reserves and Related Items Feb, 18, 1953 Change since Feb. 20, Feb. 11, 1952 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,890 736 1,023 25,648 22,722 4; 621 - 39 -597 +373 -264 -110 + 1 +1,490 + 277 6 +1,761 - 349 + 100 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) 29,654 395 458 244 835 -122 - 24 - 36 -100 - 96 + 65 +1,267 20 96 18 29 + 97 Member bank reserves 20,318 - 58 + 311 19,981 337 + 50 -108 + - 688 377 693 + 81 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 1,288 mm mm H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Feb. 11, Feb. 20, 1952 1953 Feb. 18, 1953 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 20,785,102 755,230 21,540,332 94,999 3,048 98,047 - + - 361,152 48,875 312,277 Other cash 425,414 + 23,352 + 867 Discounts and advances Industrial loans 731,887 3,712 - 597,589 55 + 277,600 754 U. S. Government securities; Bills Certificates Notes Bonds Total U. S. Government securities 598,254 4,995,716 13,773,671 39,000 23:889:616 39,000 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,625,215 23 198,339 4,468,550 48,875 157.022 51,463,770 636,644 + + + 25,563,239 - 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 20,317,651 394,631 457,688 244,152 21,414^122 3,445,364 _l&451 50,439,176 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 255,885 584,676 27,543 156,490 51,463,770 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + + + 598,254 - 6,864,731 + 8,705,598 949,202 "l»489[919 57,439 ngfTofB + 1,766,765 5 + 21,454 + 466,888 4,705 + 34,653 + 1,913,744 105,386 + 1,206,609 58,320 + + + + 310,507 96,447 18,012 28,470 167,578 472,359 2,187 1,848,733 + + 15,042 46,334 5,941 849,907 8 36,711 100,423 96,144 291,595 476,339 239 79,594 217 7.867 87,078 + 3,63 + 1,913,74 .2# 45.9$ 25,942 3,192 - + + 1,289 59 2.0% + - 14,840 4,115 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 18, 1953 (Callable Government securities classified according to nearest call date) 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 Industrial loaaa 505,783 1,160 226,096 8 964 1,227 36l 731,887 3,712 U. S. Government securities 45,800 552,454 14,207,691 6,655,200 1,070,224 1,358,247 23,889,616 STATEMENT OF CONDITION OF THE FEDERAL REbtKVE BANKS ON FEBRUARY 18, 1"953 (in thousands of dollars) H.4.l(fc) A S S E T S Gold certificates Redemptionfund for ^reserves Other cash Discounts and advances Industrial loans U Total Boston 20,785,102 645,378 T55>230 64,134 21,540,332 709,512 425,4l4 731>7 3,712 30,158 17A6l — New York Cleve, Rich. 6,754,203 1227,751 1456,562 775,040 77,64? Phila. 84,523 80,425 6,831,850 1283,561 1541,085 855,465 86,975 74,885 — *Biils° Vt * s e C U r i t i e 8 ' 598,254 172,039 certificates 4,995,716 369,761 1,069,809 Notes 13^773!671 1019 444 2,949,577 Bonds 4.521.975 31,4.689 968.363 55,810 31,702 19,865 3,187 33,479 80,597 — 26,215 36,530 53 37,349 57,916 312,927 485,249 862,769 1337,878 283.252 439.233 42,624 357,123 984,625 323.258 Atlanta Chicago St.Louis 628,339 4256,400 Mpls. Kana.Cy 567,628 331,525 974,246 128,488 51,599 25,409 41,024 686,992 4384,888 619,227 58,653 35,097 34,113 34l 356,934 1015,270 72,658 273,607 — 21,714 48,748 — 8,034 46,075 131 14,299 51,410 15,015 102,139 326,140 722,908 899,200 1993,133 295.213 654,357 26,305 270,893 746,877 245,204 18,622 156,027 430,179 141,230 23,677 198,379 546,953 179,568 Dallas SanFran. 552,060 2615,970 29,148 58,370 581,208 2674,340 15,425 37,125 49,658 11,771 28,788 73,780 241,198 485,302 665,007 1338,029 218,325 439,283 T0 ^ c u r i t i e s G ° V e r Q m e n t 23,889,616 1723,894 5,159,788 1496,297 2320,276 1707,630 1535,568 3472,537 1289,279 746,058 948,577 1153,318 2336,394 TQ 'secu£lties a ~ 24,625,215 1741,055 5,234,673 1519,349 2400,873 1744,213 1570,022 3746,144 1338,027 792,264 999,987 1190,443 2348,165 41 0?Sr P aasets 8 TOTAL ASSETS iffio11 U.368 32^1 1:639 15:289 ll.Hl 10,929 22,556 8^2 m Z 4^74 6^05 8,106 15', 376 51,463,770 2851,786 13,092,401 3143,219 4377,189 3051,931 2657,563 8989,975 2170,911 1272,726 2264,703 2033,147 5558,219 1/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 18, 1953 (In thousands of dollars) H,4,1(c) Total L I A B I L I T I E S Boston New York 25,563,239 1566,988 Federal Reserve notes Deposits: Member bank-reserve accts. 20,317,651 854,967 394,631 32,820 U.S.Treasurer-general acct. Foreign 457,688 27,786 Other 244.152 3.668 Phila. Cleve. Rich* Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran, 5,605,193 1823,641 2366,220 1803,069 1387,016 4885,485 1194,866 643,188 1003,826 729,305 2554,442 962,213 1549,096 32,024 33,885 34,163 41,906 1.741 4,399 850,429 29,329 22,775 4,193 915,904 3289,527 27,194 63,625 19,587 62,404 1,346 1,215 749,037 18,590 17,309 6,631 471,351 28,169 11,388 1»-463 6,556,265 1030,141 1629,286 637,511 212,115 285,729 906,726 286,738 964,031 3416,771 258,905 543,913 791,567 142,006 512,371 1043,849 1083,733 2560,141 88,891 176,339 172,419 340,309 1,699 844 6,180,131 57,520 1/136,540 182,074 991,087 1034,503 2469,406 33,469 27,677 10,329 17,309 20,498 46,023 1,984 1,055 34,383 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 21,414,122 3,445,364 919,241 300,489 16,4?1 742 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,439,176 2787,460 12,803,485 3066,844 4282,934 2997,377 2610,682 8849,080 2129,107 1244,976 2224,552 1986,238 5456,441 5,773 9.671 12,538 27,863 255,885 13,705 80,738 17,392 24,511 11,129 10,838 32,826 8,901 15,131 21,925 25,381 57,325 584,676 36,462 167,503 43,578 54,064 29,248 25,803 84,628 23,628 1,073 1,137 1,307 2,l4o 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 7,418 7,683 14,450 -• 10,828 9,478 22,012 4,516 947 730 2,911 668 526 _S3§_ 781 1,549 51,463,770 2851,786 13,092,401 3143,219 4377,189 3051,931 2657,563 8989,975 2170,911 1272,726 2264,703 2033,147 5558,219 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 25,942 3,192 1,584 2/7,637 1,947 l,l6l 2,389 751 1,298 66 1,117 3,557 112 987 649 987 756 1,168 2,622 346 FEDERAL RESERVE AGENTS' ACCOUNTS 657,379 1035,286 776,218 2749,981 12,764,000 400,000 15,880 287,702 14,640,000 1300,000 4,520,000 825,000 820,000 500,000 335,000 2600,000 280,000 47,950 18,290 -35,080 67,690 1,500,000 1100,000 1700,000 1450,000 1200,000 2500,000 1025,000 170,000 45,550 505,000 280,000 50,612 800,000 234,000 1800,000 6,650 560,000 1000,000 CO 5,873,056 1908,579 2455,722 1901,948 1464,100 5010,603 1252,691 & 1636,605 £ F. R. notes outstanding Collateral for F.R, notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 1/ After deducting $321,127,000 participations of other Federal Reserve Banks, 2/ After deducting $18,305,000 participations of other Federal Reserve Banks,
@FedFRASER