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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) January 8, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended January 7, Member bank reserves increased $952 million. The principal changes supplying reserves were an increase of |870 million in Reserve Bank credit and decreases of $271 million in Money in circulation and #112 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were increases of $233 million in Treasury deposits with Federal Reserve Banks and $21 million in Foreign deposits with Federal Reserve Banks, and a decrease of $49 million in Gold stock. The increase of $870 million in Reserve Bank credit resulted from an increase of $1,180 million in Loans, discounts and advances and decreases of $306 million in U. S. Government securities and $2 million in Float. Holdings of U, S, Government securities reflected decreases of $294 million in bills and $12 million in certificates. Member Bank Reserves and Related Items Jan. 7, 1953 Change since Dec. 31, Jan. 9, 1952 1952 (in millions of dollars) Reserve Bank credit: U. S, Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 24,391 1,340 965 26,695 23,137 4,814 - 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) 30,153 1,280 622 571 343 776 — Member bank reserves Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 306 +1,180 2 + 870 49 + 1 + 939 +1,138 + 65 +2,141 + 365, + 107 +1,353 - 271 2 233 21 112 1 + + + + 553 42 101 33 20,902 + 952 + 533 20,307 595 — 133 +1 ,085 + - 756 223 - - 404 725 + + + - 209 — — H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Jan. 9, Dec. 31; 1952 1952 Jan. 7, 1953 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves - 49,999 + + + + 37,050 - + 359,070 Other cash Discounts and advances Industrial loans 1,335,879 3,854 U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 1,046,550 5,048,516 13,773,671 4,521,975 24,390,712 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 25,730,445 23 255,448 3,786,759 48,337 170,079 52,285,867 - + 1,138,273 - - 306,360 873,162 + 2,076,297 • 4+ 253,244 584,676 27,543 114,104 52,285,867 + ~ + - - — + - 15,990 452,020 11 9,201 433,373 218,196 951,872 232,731 20,673 112,242 + 1,093,034 449,689 + 314 + 425,463 + + - - 610 mm mm mm - + + + + - + - 5 1,149 343,167 4,642 25,585 2,815,710 + 1,247,148 533,394 + 552,492 + 41,139 100,381 + + 1,2277505 278,012 2,457 + 2,755,023 + + + + #"**** + + 630 711,090 7,655,882 + 8,705,598 822,152 + 938,654 294,200 12,100 - - - - 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 20,298 3,177 38 - - - + 45.3# 14,158 - 20,902,244 621,539 570,632 342,673 22,437,088 2,821,872 15,237 51,306,300 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 290,152 91,179 381,331 + 1,179,500 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 26,032,103 59*999 10,000 21,125,103 810,603 21,935,706 15,172 46,334 — — 7,300 433,373 .9# - 819 + 2,815,710 - 506 34 - + - 1.6% 1,160 2,980 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 7, 1953 (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 1,110,615 225,264 198 1,977 1,337 342 1,335,879 3,854 U. S. Government securities 724,300 4,062,600 10,520,141 6,655,200 1,070,224 1,358,247 24,390,712 STATEMENT Of • C0HMTI053' OF TEE* FEDERAL RESERVE BASKS ON JAWUARY 7> 1953 (in thousands of dollars) H.4.1(b) A S S E T S Gold certificates Redemptionfund for ^"reserves CertlfiCate Total Boston 21,125,103 666,389 8l o,6o 3 64.891 - 21,935,706 731,280 Discounts^and advances Industrial loans 1,335^79 3,854 U 1 *6,550 'p?;i? V t ' securltieB; ST"*' T 2^900 - 25,730,445 1746,553 4 TOTAL ASSETS Cleve. Rich. 6,707,278 1267,376 1503,U70 850,415 135,378 Phila. 57,278 85,475 76,732 6,842,656 1324,654 1588,945 927,147 Atlanta Chicago St.Louis 666,469 4080,590 Mpls, Kans.Cy. 599,617 336,281 985,458 124,453 51,901 25,549 41,266 725,819 4205,043 651,518 59,350 361,830 1026,724 Dallas SanFran. 698,223 2763,537 29,382 58,948 727,605 2822,485 288:895 - 4^390 3,483 100A30 -- 60^25 57 29^90 179 541^770 -- 64^65 -- Ssi&O 135 6o',504 7^80 53^30 461,324 46,475 72,068 53,039 48,177 134,927 40,232 23,172 29,463 35,822 101,851 : ^S:S III 'i:l 1:1 1:11:1 S:l ° s e ^ l t i ; s G ° V e Z S g ^ 24,390,712 1718,653 Total loans and securities ~ New York IS &:! £:l SI 5,434,005 1505,423 2334,428 1718,045 1568,730 3541,880 1303,206 750,608 954,363 1160,352 2401,019 5,722,900 1558,296 2434,558 1778,227 1598,799 4083,650 1367,271 803,343 1014,867 1167,732 2454,249 I fl il il 1 1 1 il II il " 5 1 52,285,867 2825,473 13,437,585 3172,513 4404,752 3122,413 2665,719 9 0 3 M 0 4 2237,995 1296,767 2292,535 2090,904 5704,807 1/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 7, 1953 (in thousands of dollars) 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. Federal Reserve notes 26,032,103 1588,759 5,727,649 1843,487 2394,797 1867,267 1430,499 4940,398 1220,684 649,563 1019,399 750,650 2598,951 Deposits: Member bank-reserve accts. 20,902}244 864,442 6,306,025 982,154 1582,393 887,916 924,501 3381,441 772,408 483,982 1011,972 1094,212 2610,798 27,212 174,404 41,882 38,546 45,062 U.S.Treasurer-general acct. 621,539 28,488 41,805 39,206 47,118 25,834 74,493 37,489 34,282 1/174,405 42,150 51,704 28,100 Foreign 570,632 24,166 76,994 21,356 14,050 21,356 25,290 56,779 4.665 270.715 1.648 6.546 5.753 Other 342.673 2.129 1.110 8.604 1.393 277 840 38.993 Total deposits 22,437,088 930,601 6,925,549 1067,834 1679,189 500,237 186,774 239,613 Deferred avail, cash items 2,821,872 244,096 Other liabilities and accrued dividends 15.237 639 7# !,??? 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 966,831 976,630 3534,038 839,857 527,913 1075,410 1159,548 2753,688 236,064 214,034 423,277 137,448 92,422 158,814 135,529 253,564 751 664 2.945 598 503 J±2Z_ 652 1-132 51,306,300 2764,095 13,158,420 3098,831 4314,954 3070,913 2621,827 8900,658 2198,587 1270,401 2254,100 2046,179 5607,335 253,244 13,649 80,166 17,262 24,247 11,025 10,553 32,401 8,820 5,740 9,512 12,316 27,553 584,676 36,462 167,503 43,578 54,064 29,248 25,803 84,628 23,628 15,131 21,925 25,381 57,325 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 114.104 8.256 24.177 8.353 10.481 7.878 6.774 15.288 6.439 4.422 5.861 5.721 10.454 52,285,867 2825,473 13,437,585 3172,513 4404,752 3122,413 2665,719 9034,404 2237,995 1296,767 2292,535 2090,904 5704,807 20,298 3,177 1,238 2/5,938 1,522 1,116 1,867 751 1,015 70 873 2,781 124 771 508 771 763 914 2,050 353 FEDERAL RESERVE AGENTS9 ACCOUNTS F„ R. notes outstanding Collateral for F.R, notes: Gold certificates Eligible paper U. S, Govt, securities Total collateral 27,313,695 1654,198 6,032,890 1936,319 2498,480 1960,608 1512,102 5105,945 1287,524 663,358 1056,182 800,988 2805,101 12,149,000 400,000 3,520,000 850,000 820,000 600,000 360,000 2700,000 280,000 170,000 280,000 269,000 1900,000 621,019 26,070 42,200 274,645 47,140 — 56,825 — — 62,925 51,850 59,364 15.690.000 1300.000 2.600.000 1100.000 1700.000 1400.000 1200.000 2500.000 1025.000 505.000 800.000 560.000 1000.000 28,460,019 1726,070 6,394,645 1997,140 2520,000 2056,825 1560,000 5200,000 1367,925 726,850 1139,364 829,000 2942,200 1/ After deducting $396,210,000 participations of other Federal Reserve Banks. 2/ After deducting #14,310,000 participations of other Federal Reserve Banks.
@FedFRASER