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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.i+.l (For Immediate R e l e a s e ) February 26, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and R e l a t e d Items During t h e week ended February 2 5 , Member bank r e s e r v e s d e c r e a s e d $343 m i l l i o n . The p r i n c i p a l changes r e d u c i n g r e s e r v e s were d e c r e a s e s of $242 m i l l i o n i n Reserve Bank c r e d i t and $60 m i l l i o n i n Gold s t o c k , and an i n c r e a s e of $81 m i l l i o n in Money i n c i r c u l a t i o n . The p r i n c i p a l o f f s e t t i n g change was a d e c r e a s e of $33 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 $242 m i l l i o n in Reserve Bank c r e d i t r e s u l t e d from d e c r e a s e s of $279 m i l l i o n i n F l o a t and $37 m i l l i o n in U. S . Government s e c u r i t i e s , and an i n c r e a s e of $74 m i l l i o n i n Loans, d i s c o u n t s 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 d e c r e a s e of $37 m i l l i o n Member Bank Reserves and R e l a t e d Items Feb. 2 5 , 1953 Change s i n c e Feb. 10, Feb. 2 7 , 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 Loans, d i s c o u n t s and advances Float Total Gold s t o c k Treasury c u r r e n c y o u t s t a n d i n g 23,853 810 744 25,406 22,662 4,821 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, a c c o u n t s ( n e t ) 29,735 1,291 389 454 211 834 - Member bank r e s e r v e s 19,975 -343 + 265 19,809 166 -172 -171 + - 585 320 559 -134 - 108 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 ) D a i l y average e x c e s s r e s e r v e s ( e s t i m a t e d ) - 37 + 74 -279 -242 - 60 + 81 + 3 - 6 - 4 - 33 1 +1,298 + 383 24 +1,656 + 448 99 +1,345 17 - 323 + + 69 4 99 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n t h o u s a n d s of d o l l a r s ) Change s i n c e F e b . 10, Feb. 27, 1952 1953 Feb. 25, 1953 A S S E T S Gold c e r t i f i c a t e s Redemption f u n d f o r F . R. n o t e s Total gold c e r t i f i c a t e r e s e r v e s 20,724,103 756,072 21,480,175 Other c a s h 416,654 D i s c o u n t s and a d v a n c e s I n d u s t r i a l loans 805,843 3,789 U. S. Government s e c u r i t i e s : Bills Certificates Notes Bonds T o t a l U. S. Government s e c u r i t i e s + - 8,760 + + 560,954 4,995,716 13,773,671 4,521,975 23,852,316 T o t a l l o a n s and s e c u r i t i e s Due from f o r e i g n b a n k s F . R. n o t e s of o t h e r b a n k s Uncollected cash items Bank p r e m i s e s Other a s s e t s TOTAL ASSETS A C C O U N T S C A P I T A L Capital paid in S u r p l u s ( S e c t i o n 7) S u r p l u s ( 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 46.0$ 27,403 3,079 383,357 1,188 - 37,300 + 36,733 + 1,679,533 - + + - + - - + ~ + 256,399 584,676 27,543 163,763 — 560,954 6,855,340 + 8,705,598 1,113,848 + 1,297,364 - 6,591 551,806 332 9,337 580,912 67,796 342,372 6,088 3,532 33,245 385,237 272,252 994 588,699 514 ——— - 5 10,947 155,560 5,112 35,535 + 1,400,745 - + + + + 1,273,272 + - + - 7,273 580,912 .1% + + - 1,461 113 265,683 322,976 68,631 + 4,257 121,667 + 179,936 + 2,580 + 1,334,121 - + + 15,271 46,334 —- - ——- 50,882,858 R a t i o of g o l d 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. n o t e l i a b i l i t i e s combined C o n t i n g e n t l i a b i l i t y on a c c e p t a n c e s p u r c h a s e d for foreign correspondents I n d u s t r i a l l o a n commitments + ——•• 19,975,279 388,543 454,156 210,907 21,028,885 3,173,112 17,445 49,850,477 2,666 37,300 - - - 25,631,035 - •f - - - 50,882,85b - 462,148 49,947 412,201 + 73,956 77 —-— 24,661,948 23 191,748 3,916,744 49,207 166,359 L I A B I L I T I E S Federal Reserve notes Deposits: Member b a n k - - r e s e r v e a c c o u n t s U. S. T r e a s u r e r - - g e n e r a l a c c o u n t 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 a c c r u e d d i v i d e n d s TOTAL LIABILITIES 60,999 842 60,157 + 5,019 4- 1 , 4 0 0 , 7 4 5 - + - 2.1# 17,295 3,742 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 25, 1953 ( C a l l a b l e Government s e c u r i t i e s c l a s s i f i e d a c c o r d i n g t o n e a r e s t c a l l d a t e ) W i t h i n 15 d a y s 16 t o 90 days 91 d a ys t o 1 y e a r Over 1 y e a r 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 D i s c o u n t s and advances Industrial loans U. S . Government securities 570,184 235,651 8 — — — 805,843 759 702 1,972 356 — — 3,789 8,500 552,454 14,207,691 6,655,200 1,070,224 1,358.247 23,852,316 H.4.1(b) STA.TEi'&Fx OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 25, 1953 ( I n t h o u s a n d s of d o l l a r s ) A S S E T S Total Boston 20,724,103 672,059 756,072 64,126 Total gold certificate 21,480,175 reserves 736,185 Gold certificates Redemption fund for F. R. notes New York Phila. Cleve. 6 , 6 5 9 , 5 3 5 1209,370 1468,283 Rich. Atlanta 795,578 84,515 80,418 6 , 7 3 7 , 1 5 8 1265,176 1552,798 875,996 77,623 6 4 6 , 7 6 8 4266,607 Mpls, Kans.Cy. Dallas SanFran. 597,533 2593,675 545,498 336,956 932,241 128,459 51,589 25,4o4 41,012 7 0 5 , 4 0 8 4395,066 597,087 58,640 5 , 1 9 0 , 0 6 8 1494,086 2316,847 1705,106 1539,505 3466,490 1268,198 744,956 Total loans and securities 5 , 2 5 4 , 5 7 8 1520,236 2376,476 1756,347 1 5 7 1 , 0 0 8 3755,689 1354,229 769,887 1020,380 1174,633 2391,098 Due from foreign "banks 23 F.R,notes of other hanks 191,748 Uncollected cash items 3 , 9 1 6 , 7 4 4 Bank premises 49,207 Other assets 166,359 TOTAL ASSETS 1 2,840 307,663 4,462 11,915 1/ 7 24,184 803,576 7,285 35,089 54,487 35,138 312,927 485,249 862,769 1337,878 283,252 439,233 2 9,381 242,351 3,679 10,179 2 9,078 309,673 4,633 16,233 61 40,100 18,952 96,092 362,360 9 7 3 , 2 5 3 627,670 2652,018 Total U. S. Government securities 2 3 , 8 5 2 , 3 1 6 1696,245 174,670 37,407 59,629 69,512 289,199 58,343 1,075,742 2,965,926 973,730 — 31,931 22,850 3,300 33,486 31,206 297 30,137 416,654 Other cash 27,399 21,142 805,843 Discounts and advances —— Industrial loans 3,789 U. S. Govt, securities: —— Bills 560,954 4 , 9 9 5 , 7 1 6 363,828 Certificates 1 3 , 7 7 3 , 6 7 1 1003,095 Notes Bonds 4 , 5 2 1 , 9 7 5 329,322 8 4 , 6 6 1 , 9 4 8 1717,387 86,590 64,510 55,806 Chicago St,Louis 25,617 51,180 23,459 86,031 —- 5,224 6,997 24,800 131 15,197 73,204 17,520 22,276 198,379 546,953 179,568 357,123 326,140 7 2 2 , 9 0 8 270,893 156,027 984,625 899,200 1993,133 746,877 4 3 0 , 1 7 9 323,258 2 9 5 , 2 1 3 654,357 245,204 141,230 1 47,549 293,293 4,922 12,146 1 35,092 241,303 3,637 11,505 3 14,690 700,621 6,813 23,968 1 7,797 156,732 2,985 8,622 1 6,653 82,391 1,049 5,071 —— 15,224 23,020 43,835 59,072 —• m, m* 27,083 69,412 485,302 665,007 1338,029 218,325 4 3 9 , 2 8 3 241,198 9 4 7 , 1 7 6 1151,613 2332,026 1 9,201 204,226 2,259 6,855 1 7,487 191,729 2 17,796 383,186 626 6,857 16,218 8,558 50,882,858 2807,852 12,948,467 3082,935 4306,300 3015,871 2601,440 8966,362 2150,912 1234,409 2231,372 2025,928 5511,010 1 / A f t e r d e d u c t i n g $ 1 6 , 0 0 0 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 R e s e r v e Banks. STATEMENT OF' CONDITION OF' THE FEDERAL RESER VE BANKS ON FEBRUARY 2 5 , 1953 ( I n thousands of d o l l a r s ) L I A B I L I T I E S Total Boston 25,631,035 1576,384 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 a c e t s . 19,975*279 839,152 14,747 U.S.Treasurer-general a c c t . 388,543 27*377 Foreign 454,156 Other 210,907 3,437 Total deposits D e f e r r e d a v a i l , cash i t e m s 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 Capital paid in Surplus ( S e c t i o n 7) Surplus ( S e c t i o n 13b) j.Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND I CAPITAL ACCOUNTS Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents I n d u s t r i a l loan commitments New York Cleve. Rich. Atlanta Chicago S t , L o u i s Mpls. Kerns.Cy. D a l l a s SanFran. 5,63^,035 1829,078 2370,678 1807,360 1389,962 4891,955 1194,388 643,167 1005,399 727,121 2561,508 982,189 1023,973 2423,690 24,795 19,615 30,420 6,007,247 57,537 1/137,735 149,319 900,928 1517,423 144,848 41,290 3,057 846,100 41,427 22,440 2,905 925,132 3319,485 33,748 31,938 19,298 61,486 1,595 1,110 724,043 32,837 17,054 8,234 465,917 27,052 11,220 1,491 965,499 1606,618 912,872 979,773 3414,019 782,168 505,680 1024,887 1065,909 2534,909 21,028,385 3,173,112 384,713 6,351,838 17Mb5 797 4,871 281,140 Phila0 29,579 33,660 1,332 666,938 210,594 232,169 239,629 946 1,845 948 183,519 515,526 822 2,882 131,492 671 17,054 20,196 45,346 849 2,125 35,453 57,013 159,986 184,745 310,361 577 581 855 1,650 49,850,477 2743,034 12,657,682 3006,117 4211,310 2960,809 2554,076 8824,382 2108,719 1206,437 2190,853 1978,630 5408,428 10,854 32,840 8,902 5,779 9,690 12,586 27,867 256,399 13,708 81.115 17,397 24,529 11,132 25,803 84,628 23,628 15,131 21,925 25,381 57,325 584,676 36,462 167,503 43,578 54,064 29,248 27,543 163,763 3,011 11,637 7,319 34,843 4,489 11,354 1,006 15,391 3,349 11,333 762 9,945 1,1*29 23,083 521 9,142 1,073 5,989 1,137 7,767 1,307 8,024 2,140 15,250 50,882,858 2807,852 12,948,467 3082,935 4306,300 3015,871 2601,440 8966,362 2150,912 1234,409 2231,372 2025,928 5511,010 27,403 3,079 1,672 2/8,083 2,055 1,048 2,521 751 1,370 66 1,178 3,754 112 1,042 685 1,042 756 1,233 2,768 346 FEDERAL RESERVE AGENTS' ACCOUNTS F . R. 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 26,681,462 1634,776 5,860,489 1901,617 2453,308 1901,895 1457,780 5001,908 1255,728 656,598 1035,848 774,519 2746,996 12,744,000 400,000 4,520,000 825,000 820,000 500,000 335,000 2600,000 280,000 170,000 280,000 214,000 1800,000 54,850 24,250 72,368 56,550 14,200 — 49,880 — — 35,195 377,093 19,800 580,000 1000,000 505,000 800,000 14,660,000 1300,000 1,500,000 1100,000 1700,000 1450,000 1200,000 2500,000 1025,000 27,781,093 1719,800 6,076,550 1939,200 2520,000 1999,880 1535,000 5100,000 1390,195 699,250 1152,300 794,000 2054,850 l / A f t e r d e d u c t i n g $316,404,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. 2 / A f t e r d e d u c t i n g $ 19,320,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks.
@FedFRASER