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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) January 29, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended January 28, Member bank reserves decreased $239 million. The principal changes reducing reserves were an increase of $>402 million in Treasury deposits with Federal Reserve Banks' and a decrease of $52 million in Gold stock. The principal offsetting changes were an increase of $105 million in Reserve Bank credit and decreases of $95 million in Money in circulation, $12 million in Other deposits with Federal Reserve Banks, and $10 million in Foreign deposits with Federal Reserve Banks. The increase of $105 million in Reserve Bank credit resulted from an increase of $445 million in Loans, discounts and advances, and decreases of $277 million in Float and $64 million in U. S. Government securities. Holdings of U. S, Government securities reflected a decrease of $64 million in bills. Member Bank Reserves and Related Items Jan. 28, 1953 Change since Jan. 30, J an. 21, 1952 1953... (In millions of dollars) Reserve Bank credit: U, S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,970 1,311 728 26,009 23,036 4,815 - 64 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) 29,592 1,298 745 612 336 775 - 95 + 7 +402 - 10 - 12 + 1 Member bank reserves 20,502 -239 + 489 20,105 397 -141 - 98 + Required reserves (estimated) Excess reserves (estimated) o to Daily average excess reserves (estimated) +445 -277 +105 - 52 + 1 -228 +1,185 +1,096 + 21 +2,302 + 105 + 99 +1,245 u + 524 + 155' + 64 + 33 — — - 6f0 161 165 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since Jan, 21, Jan. 30, 1952 1953 Jan, 28, 1953 ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 21,080,103 760,267 2I7BJ+0,370 Other cash - 437,246 + Discounts and advances Industrial loans 1,307,039 + 3,574 - U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 678,254 . 4,995,716 13,773,671 4,521,975 23,969,616 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 25,280,229 + 23 229,330 3,825,301 48,689 197,571 + 51,858,759 - - - - 39,999 + 3,735 + 43,734 + 67,849 41,036 108,885 2,406 + 5,868 445,198 + 1,096,894 836 237 63,696 + ~ -.. — — — - — — — 63,696 381,265 + - - - - 18,570 663,130 39 9,953 331,849 LIABILITIES 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 20,501,601 744,949 + 612,200 336,357 22,195,107 + 3,096,947 18,821 + 50,856,807 - 239,345 402,441 9,488 11,666 141,942 386,318 2,594 339,184 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section ljb) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 254,586 + 584,676 27,543 135,147 + 51,858,759 - 409 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 25,545,932 - - - - 45.7# - 21,668 43,386 + 678,254 7,377,282 + 8,705,598 822,152 1,184,418 - + + + + 4- 2,280,476 5 18,985 401,218 4,772 30,291 2,850,490 97,402 + 1,171,006 * +' + + + + + 4* + + + 488,683 524,069 155,205 64,6ll 1,232,555 379,789 5,288 2,788,651 14,820 46,334 — «• 6,926 + 685 331,849 + 2,850,490 .2% - 1,458 + 177 - 2.2$ 8,842 3,203 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 28, 1933 (Callable Government securities classified according to nearest call date) Discounts and advances 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 Industrial loans 1,047,019 ,260,020 132 1,895 1,211 ^307,039 3,574 U. S, Government securities 175,750 4,190,054 10,520,141 6,655,200 1,070,224 1,358,247 23,969,616 S'Xt JxL^ V OF CbS3ll'ION' OF' THE' FEDERAL RESERVE BANES ON JANUARY 28, 1953 (in thousands of dollars) H.4.1(D) ASSETS Total Gold certificates Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 21,080,103 647,535 7,008,815 1250,687 1508,903 787,215 658,574 4113,459 546,658 340,555 956,623 631,702 2629,377 Redemption^nc! for 760,267 64,400 78,535 56,284 84,839 82,449 58,890 128,812 51,702 25,459 4l,I06 29,225 58,566 Total gold certificate 21,840,370 711,935 7,087,350 1306,971 1593,742 869,664 717,464 4242,271 598,360 366,014 997,729 660,927 2687,943 reserves Discounts^and advances 1 , 3 ^ 0 3 9 Industrial loans _ _ U 3,574 - f- f v t * securities: e ™ gg ^ W __ 1^248 -- 3,2(3 177,524 42,485 ( $ £ - 3^03 58 65,881 48,486 110 5 3 ^ - - 31,810 123,344 --is 11 -gi 11 sa 14,992 i?!975 ll^Sl 32,747 92,869 133 21,183 26,933 si si si si m T °se^itiasG°Ver'"ne''<: 23,969,616 1737,428 5,107,520 1501,433 2328,241 1713,492 1552,363 3515,852 1277,966 748,619 951,833 1157,277 2377,592 T °le'cJitiesa°d 25,280,229 1763,709 53275,310 1537,946 2455,489 1777,875 1587,376 3971,099 1380,864 801,977 1056,519 1175,252 2496,813 EBSSStisi othLTssits8 TOTAL ASSETS 1%:#! iHlt 4I!ct8 ilioS 88$ 19:2k i w # M -AS <f« >» ,K:ig .$: 28:734 ^028 8:191 10,089 19:45 51,858,759 2807,115 13,201,657 3130,486 4456,622 3078,148 2668,195 8992,785 2185,382 1284,892 2276,503 2064,731 5712,243 : 1/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 28, 1953 (in thousands of dollars) H„4.l(c) L I A B I L I T I E S Total Boston 25,545,932 1561,849 Federal Reserve notes Deposits: Member bank-reserve accts. 20,501,601 823,361 U.S.Treasurer-general acct, 744,949 69,402 612,200 37,161 Foreign 6.094 Other 236,252. New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy, Dallas SanFran. 5,612,747 1818,982 2362,606 1815,827 1392,341 4875,358 1196,562 641,706 1003,287 727,396 2537,271 6,226,025 953,176 1566,006 867,342 909,859 3350,161 748,690 477,628 991,757 1036,472 2551,124 104,368 42,623 94,202 49,015 38,974 64,931 37,996 35,749 66,934 57,861 82,894 1/182,697 45,690 56,046 30,460 26,196 83,460 23,150 15,230 23,150 27,414 61,546 563 33.754 196 1.268 859 7.415 779 4,762 1.570 3,314 275.783 22,195,107 936,018 6,788,873 1043,059 1721,016 950,131 975,808 3499,411 817,251 529,875 1082,037 1122,310 2729,318 Total deposits 509,661 192,604 279,193 258,180 253,890 477,676 130,277 85,566 151,253 168,484 344,430 Deferred avail, cash items 3,096,947 245,733 Other liabilities and 1.764 740 564 662 898 831 2.813 785 1.841 717 18.821 J21 6,502 accrued dividends TOTAL LIABILITIES Capital paid in Surplus (Section 7) "Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 50,856,807 2744,317 12,917,784 3055,430 4364,656 3025,036 2622,870 8855,258 2144,793 1257,809 2237,141 2018,930 5612,783 8,863 5,761 9,630 12,418 27,700 80,395 17,330 24,322 11,111 10,628 32,756 254,586 13,672 167,503 43,573 54,064 29,248 25,803 84,628 23,628 15,131 21,925 25,381 57,325 584,676 36,462 762 1,429 521 1,073 1,137 1,307 2,140 7,319 4,489 1,006 3,349 27,543 3,011 8.132 18.714 7.577 5.118 6.670 6.695 12.295 28.656 9.659 12.574 9.404 135.147 9.653 51,858,759 2807,115 13,201,657 3130,486 4456,622 3078,148 2668,195 8992,785 2185,382 1284,892 2276,503 2064,731 5712,243 21,668 3,386 1,322 2/6,392 1,625 1,325 1,993 751 1,083 70 932 2,969 124 823 542 823 763 975 2,189 353 FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,902,262 1642,868 5,901,939 1915,313 2466,537 1919,248 1474,552 5045,218 1270,231 660,164 1040,618 787,443 2778,131 820,000 500,000 335,000 2600,000 280,000 170,000 280,000 249,000 1900,000 12,979,000 400,000 4,620,000 825,000 820,000 105,100 151,845 31,665 —'— 62,775 102,100 52,700 103,888 635,073 25,000 560.000 1000.000 800*000 505.000 14.640.000 1300.000 1.500.000 1100.000 1700.000 1450.000 1200.000 2500.000 1025.000 28,254,073 1725,000 6,271,845 1956,665 2520,000 2012,775 1535,000 5100,000 1407,100 727,700 1183,888 809,000 3005,100 1/ After deducting $429,486,000 participations of other Federal Reserve Banks. 2/ After deducting $15,276,000 participations of other Federal Reserve Banks,
@FedFRASER