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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H,4.1 (For Immediate Release) July 30, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended July 29, Member bank reserves decreased $213 million. The principal changes reducing reserves were increases of $302 million in Treasury deposits with Federal Reserve Banks, $22 million in Foreign deposits with Federal Reserve Banks, and $20 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $84 million in Other F. R. accounts (net) and an increase of $36 million in Reserve Bank credit. The increase of $36 million in Reserve Bank credit resulted from an increase of $226 million in Loans, discounts and advances, and a decrease of $ 1 8 9 million in Float. Member Bank Reserves and Related Items July 29, 1953 Change since July 22, July 30, 1953 1952 (In millions of dollars) 24,964 - - - +2,362 __ • — - 242 750 +226 - 658 26,301 22,277 4,853 + 36 + 1 67 +1,394 -1,073 + 92 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) 30,044 1,264 841 547 343 - 7 - 3 +302 + 22 + 20 - 84 +1,092 22 + 236 - 238 + 86 + 139 Member bank reserves 19,529 CO a1 Reserve Bank credit: U. S. Government securities-Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding - 880 18,905 -106 -107 + 924 44 5 + 127 Required reserves (estimated) Excess reserves (estimated) Daily averages for period— Estimated excess reserves of member banks Member bank borrowings at F. R. Banks 588 863 624 704 6l4 -189 - - - +232 - 628 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,384 million, a decrease of $19 million for the week and an increase of $476 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since July 22, July 30, 1952 1953 July 29, 1953 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,294,102 791,311 21,085,413 350,762 746,846 3,098 - + + + - •»—— —»•— — — — - - - + 25,713,610 23 179,168 3,487,350 + - 137,589 51,003,771 + 25,793,473 + 19,528,951 841,422 546,638 343,165 21,260,176 2,899,702 18,643 49,971,994 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 260,738 584,676 27,543 158,820 51,003,771 44.8# 23,315 3,549 - - 226,020 - 6,782,500 + 8,205,598 613,848 + 2,361,554 241,400 + 2,120,154 - - + 1,462,135 — - - 49,856 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - - — — — 24,963,666 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 1,158,150 97,219 1,060,931 + 777 656,389 1,630 + + 1,552,304 1,672,304 4,995,716 13,773,671 4,521,975 24,963,666 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 5,773 5,773 11,307 225,865 155 - + + + + - + 373,443 85 8,801 126,516 + + + 14,226 219,654 4,637 69,426 542,620 788 + 976,209 6,07 213,303 302,488 22,032 20,590 131,807 184,094 538 52,037 160 m, mmmm - + + + 879,593 236,339 238,008 86,276 794,986 287,308 4,066 472,597 + + 14,551 46,334 + + 9,138 542,620 + • • — + - - — - - - 74,639 126,516 .2% 1,973 34 ~ + - 2.4$ 14,219 2,537 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JULY 29, 1953 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) 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 714,526 31,849 171 746,046 Industrial loans 1,137 477 898 586 3,098 U. S. Government securities 339,500 2,359,029 13,023,616 6,452,264 1,374,400 1,414,857 24,963,666 STATEMENT OF CONDITION OF, THE FEDERAL RESERVE BANKS ON JULY 29, 1953 (In thousands of dollars) H.4.1(c) L I A B- I L I T I E S Total Federal Reserve notes 25,793,473 Deposits: Member bank-reserve accts. 19,528,951 U.S.Treasurer-general acct. 841,422 Foreign 546,638 Other 343,165 Boston New York Phila. Cleve. 1587,628 5,683,637 1838,044 2403,403 795,106 40,316 33,300 5,685 5,926,379 243,267 1/161,762 288,453 6,619,861 1029,291 1648,794 865,167 916,553 3443,802 759,726 511,572 183,753 288,098 234,758 198,670 454,686 119,228 496,411 82,217 135,663 140,800 309,357 817 654 742 971 1,726 Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. 1773,318 1372,876 4992,118 1171,501 631,900 1007,681 939,683 1525,769 787,373 47,183 70,161 47,808 40,942 50,223 27,295 1,483 2,641 2,691 Dallas SanFran. 725,913 2605,454 847,141 3266,540 686,909 445,445 912,249 944,101 2452,256 45,418 101,707 43,357 36,437 48,223 48,536 69,009 23,474 74,788 20,744 13,647 20,744 24,566 55,153 520 767 8,716 882 1,199 869 29,259 982,415 1018,072 2605,677 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 21,260,176 2,899,702 874,407 240,900 18,643 1,254 TOTAL LIABILITIES Capital paid in Surplus (Section 7 ) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 49,971,994 2704,189 12,819,637 3052,024 4342,360 2874,418 2489,143 8893,298 2051,272 1211,182 2126,501 1885,756 5522,214 260,738 14,236 8l,4l8 17,873 24,774 11,296 10,991 33,405 8,970 5,823 9,941 13,153 28,858 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 584,676 27,543 36,462 3,011 158,820 11,208 51,003,771 2769,106 23,315 3,549 4,567 936 167,503 43,578 7,319 33,837 4,489 2,065 1,175 1,044 2,692 29,248 3,349 11,042 25,803 84,628 1,429 23,628 25,381 22,028 521 8,809 15,131 1,073 5,854 21,925 762 9,564 1,137 7,585 1,307 13,109,714 3129,166 4437,149 2929,353 2536,263 9034,788 2093,200 1239,063 2167,089 1,005 3,202 888 584 888 1,426 2/ 6,839 11,202 1,753 1,790 54,064 1,006 14,945 2,150 749 1,168 52 41 7,858 57,325 2,140 14,888 1933,455 5625,425 1,052 2,360 767,212 2765,934 917 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper SL S. Govt, securities Total collateral 26,794,606 1660,568 5,909,307 1904,973 2478,829 1854,272 1446,138 5093,550 1223,070 650,840 1039,913 12,003,000 390,000 3,920,000 745,000 800,000 450,000 310,000 2800,000 280,000 145,000 280,000 183,000 1700,000 402,779 21,745 76,525 25,495 — 47,948 — — 17,700 11,850 59,226 — 142,290 15,600,000 1300,000 2,100,000 1200,000 1700,000 1450,000 1200,000 2400,000 1025,000 525,000 800,000 600,000 1300,000 28,005,779 1711,745 6,096,525 1970,495 2500,000 1947,948 1510,000 5200,000 1322,700 681,850 1139,226 783,000 3142,290 1/ After deducting $384,860,000 participations of other Federal Reserve Banks. 2/ After deducting $16,476,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 29, 1953 (in thousands of dollars) H.4.1(b) A S S E T S Total Boston 20,294,102 682,092 791,311 64,26? Total gold certificate reserves 21,085,413 746,359 Gold certificates Redemption fund for F. R. notes Other cash Discounts and advances Industrial loans U. S. Govt, securities: Certificates Notes Bonds Total Held under repurchase agreement 350,762 746,846 3,098 New York Phila. Cleve, 25,952 40,172 6,608,684 1272,716 1584,258 795,026 677,508 4464,278 558,457 335,015 917,988 19,103 5,312 12,088 112 59,587 65,450 100,028 - 59,542 22,727 26,208 2,263 84,476 26,184 41,770 - 718,926 , 76,100 16,531 48,423 ll8 29,458 34,549 605 73,897 201,956 - 18,261 - 12,285 31,217 66,301 532,688 2592,436 11,492 28,401 40,111 153,250 375,458 104,751 162,436 117,745 102,184 247,414 89,132 51,810 66,407 79,395 162,548 1,121,593 312,927 485,249 351,718 305,263 739,086 266,262 154,792 198,379 237,157 485,599 3,092,341 862,769 1337,878 969,721 841,640 2037,732 734,109 426,777 546,953 653,864 1338,842 1,015,233 283,252 439,233 318,365 276,315 668,999 241,012 140,113 179,568 214,667 439,550 5,604,625 1563,699 2424,796 1757,549 1525,402 3693,231 1330,515 773,492 991,307 1185,083 2426,539 - T 25,713,610 1709,753 5,704,653 Due from foreign banks 23 F.R.notes of other banks 179,168 Uncollected cash items 3,487,350 Bank premises 49,856 Other assets 137,589 1 4,126 5,048 9,719 l/ 7 25,197 666,311 7,146 29,266 2 13,425 215,438 4,323 51,003,771 2769,106 13,109,714 3129,166 501,471 2526,135 877,816 24,963,666 1687,428 5,604,625 1563,699 2424,796 TOTAL ASSETS Dallas SanFran. 309,063 ^°securlties^ V e r a m e n t °8^itl^s~ Mpls. Kans.Cy. 508,007 . 50,450 107,040 1,672,304 113,024 4,995,716 337,691 13,773,671 931,045 4,521,975 305,668 24,963,666 1687,428 Chicago St.Louis 6l6,455 4339,537 . . 61,053 124,741 6,501,644 1213,174 1499,782 28,212 22,325 - Rich. Atlanta 265,888 1757,549 1525,402 1592,170 2466,566 1806,090 1560,556 8,365 2 8,684 333,250 4,567 13,638 1 1 20,230 21,052 276,939 234,859 4,829 3,650 9,707 9,179 4437,149 2929,353 2536,263 1185,083 2426,539 1348,776 785,692 1050,894 1213,484 2579,789 3693,231 1330,515 3895,187 3 18,622 556,205 95,147 1,035 4,223 9034,788 2093,200 1239,063 2167,089 19,83$ j; 991,307 J 8,338 169,195 2,l80 6,208 6,761 1 8,409 148,574 2,925 6,955 773,492 12,638 1/ After deducting $16,000 participations of other Federal Reserve Banks. ^ 8,769 159,353 6ll 7,057 ^ 26,678 366,191 6,781 13,437 1933,455 5625,425
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