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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) July % 1953. CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended July 8, Member bank reserves decreased $138 million. The principal changes reducing reserves were increases of $255 million in Treasury deposits with Federal Reserve Banks and $127 million in Money in circulation, and a decrease of $25 million in Gold stock. The principal offsetting changes were an increase of $232 million in Reserve Bank credit and a decrease of $33 million in Foreign deposits with Federal Reserve Banks. The increase of $232 million in Reserve Bank credit resulted from increases of $198 million in U. S. Government securities bought outright and $96 million in loans# discounts and advances, and a decrease of $60 million in Float. Holdings of U. S. Government securities bought outright reflected an increase of $198 million in bills. Member Bank Reserves and Related Items July 8, 1953 Change since July 1, July 9, 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities-Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 2k,961 +198 3UU 677 25,981* 22,138 U,85U + 96 - 60 +232 - 25 +1,519 - 909 + 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) 30,279 1,266 U31 U88 176 9U8 +127 - 3 +255 - 33 + 2 - 1 +1,131 + 2 + 393 - 150 92 + 1U9 Member bank reserves 19,690 -138 - 723 19,039 651 -12U - Ill + 969 21*6 751 399 +269 - 32 + - U9 607 Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks +2,319 - 215 - 3U3 - 2hl U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,I486 million, an increase of• $32 mil3L4oa for the week ahd em increase of $702' million from the comparable date a year ago. H.4,l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since July 1, July 9, 1953 1952 July 8, 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 25,001 20,472,102 786,48? 21,258,589 307,029 340,722 3,059 3,691 28,692 5,817 95,5^8 40 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 24,963,666 + 197,500 + 1,509,504 - 6,782,500 + 8,205,598 613,848 +"2,318,754 215,300 + 2,103,454 25,307 ,~Wf + 293,000 + 1,759,906 7,024 12,479 117,781 4,341 23 145,591 3,454,284 49,807 110,391 50,633,161 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 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 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - 1,002,149 97,337 + -904,812 9,916 341,827 1,721 25,963,572 197,500 197,500 + + + 19,689,506 430,697 487,656 175,686 2,'777!542 17,338 49,541,997 260,297 584,676 27,543 218,648 50,633,161 589,022 2 10,609 326,936 - a 106,914 + 1,015,239 138,116 + - 723,363 392,427 150,575 528,478 + 573^445 123,401 1,634 335,451 ± A255 +569,250 254,456 33,246 1,385 04,479 646 + 14,663 + 46,334 7,869 + 326,936 + 16,447 646,694 .2# 2.4# 26,613 3,011 3,392 6l 17,533 3,050 45.5/o MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JULY 8, 1953 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Within 15 days l6 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 310,641 29,902 179 340,722 Industrial loans 519 995 1,077 468 3,059 U. S. Government securities 391,504 2,307,025 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 8, 1953 (In thousands of dollars) H.4.1(b) A S S E T S Total Boston New York Phila. Cleve. 20,472,102 669,037 6 , 4 8 0 , 0 # 1225,262 1432,332 Gold certificates Redemption fund for F. R. notes 786,48? 64,66o 108,504 21,258,589 733,697 6,588,551 22,621 55,653 52,944 -- Rich. Atlanta 761,367 600,728 Chicago St.Louis Mpls. Kans.Cy. 4347,781 520,101 325,074 908,754 518,856 2682,763 85,013 79,468 61,426 125,284 50,608 26,009 40,284 1283,579 1517,345 840,835 662,154 4473,065 570,709 351,083 9^9,038 14,814 22,473 19 25,207 69,533 77,961 — 17,253 5,246 10,888 113 10,974 58,317 Dallas SanFran. 30,338 56,576 Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bought o u t r i g h t — Bills 307,029 340,722 3,059 17,515 -- 1,672,304 115,952 Certificates 4,995,716 346,373 Not ?s 13,773,671 954,983 m ! n 4,521,975 313,527 Total 24,963,666 1730,835 Held under repurchase — agreement ~— Total U. S. Government securities 24,963,666 1730,835 22,777 36,575 — 2,361 — 119,547 104,129 247,414 89,817 357,123 311,069 739,086 268,340 862,769 1337,878 984,625 857,645 2037,732 739,839 283,252 439,233 323,258 281,570 668,999 242,893 1563,699 2424,796 1784,553 1554,413 3693 231 1340,889 104,751 312,927 162,436 485,249 ~• *>— — — — — — 5,468,468 24,229 501 - 1563,699 —— —* 141,230 779,665 3693,231 1340,889 16,551 32,159 22,825 179,568 218,325 439.550 991,307 1205,271 2426,539 —— —— — — 2424,796 1784,553 1554,413 11,398 52,230 66,407 80,741 162,548 156,026 198,379 241,198 485,599 430,179 546,953 665,007 1338,842 —— - 34,607 779,665 " 991,307 1205,271 25,307,44? 1748,350 1 3,036 263,246 5,021 7,922 50,633,161 2783,894 5,521,412 1/ 7 22,345 632,944 7,146 24,301 _ :— 2426,539 - Due from foreign banks 23 F.R.notes of other banks 145,591 Uncollected cash items 3,454,284 Bank premises 49,807 Other assets 110,391 TOTAL ASSETS •• ' Total loans and securities 366,332 1,094,347 3,017,219 990,570 5,468,468 19,394 21,793 2,426 549,194 2739,339 ~ 1587,918 2461,371 1807,045 2 1 8,532 7,876 223,634 4,239 315,385 4,579 10,841 15,836 283,869 2 6,598 4,857 7,669 1579,143 3771,192 1343,250 1 19,944 243,837 3,657 7,465 12,852,359 3133,896 4340,176 2974,926 2541,408 3 17,557 561,342 160,705 15,506 2,931 5,446 6,760 1 7,936 790,666 1025,914 1221,822 2449,364 1 7,541 97,083 1,037 3,352 1 8,070 174,928 2,180 5,084 1 8,621 164,617 6ll 2 18,297 332,694 6,7895,632 10,575 8914,958 2108,231 1256,009 2176,189 1961,896 5589,219 l/ After deducting $ 16,000participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 8, 1953 (In thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston 25,963,572 1618,906 Federal Reserve notes Deposits: Member "bank-reserve accts. 19,689,506 803,064 U.S.Treasurer-general acct. 430,69? 32,739 Foreign Other 487,656 175,686 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,712,903 1847,201 2409,579 1781,383 1378,372 5001,749 1181,653 642,429 1016,222 732,995 2640,180 5,981,057 113,194 29,628 1/145,219 5,281 ~ 110,191 953,392 1494,341 24,086 34,094 36,427 44,684 2,314 4,705 839,090 29,196 24,285 8,742 863,052 3228,340 71^,734 458,745 925,058 985,224 2443,409 25,226 32,468 16,230 29,954 33,311 27,317 32,882 20,885 66,541 18,457 12,143 18,457 21,857 49,073 1,208 724 1,220 7,121 1,342 815 32,023 6,349,661 1016,219 1577,824 901,313 909,887 3328,569 756,542 481,596 188,534 249,963 232,172 201,259 432,048 124,231 502,184 81,045 978,034 1035,213 2557,387 138,530 142,497 281,673 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,783,545 2,777,542 870,712 223,994 17,338 1,183 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,541,997 2714,795 12,549,191 3052,868 4239,338 2915,871 2490,434 8764,865 2063,148 1226,222 2133,398 1911,380 5480,487 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 914 5,031 1,972 916 1,003 2,499 722 612 564 675 1,247 260,297 584,676 14,154 36,462 81,386 167,503 17,834 43,578 24,715 54,064 11,278 29,248 10,981 25,803 33,316 84,628 8,950 23,628 5,815 15,131 9,937 21,925 13,142 25,381 28,789 57,325 218,648 15,472 46,960 15,127 21,053 15,180 13,428 30,720 11,984 7,768 9,792 10,686 20,478 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o 50,633,161 2783,894 12,852,359 3133,896 4340,176 2974,926 2541,408 8914,958 2108,231 1256,009 2176,189 1961,896 5589,219 26,613 3,392 1,623 2/ 7,852 1,996 1,633 2,448 749 1,331 52 1,144 3,646 4l 1,011 665 1,011 1,198 2,688 917 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,821,754 1660,067 5,892,602 1900,149 2480,566 1863,605 1454,602 5098,132 1229,752 657,540 1041,773 769,409 2773,557 390,000 3,920,000 745,000 800,000 450,000 310,000 2800,000 280,000 145,000 280,000 184,000 1700,000 18,865 44,566 21,080 -21,998 — — 2,000 10,650 34,246 170,340 16,935 15,400,000 1300",000 2,100,000 1200,000 1700,000 1450,000 1200,000 2400,000 1025,000 525,000 800,000 600,000 1100,000 27,574,340 1706,935 6,064,566 1966,080 2500,000 1921,998 1510,000 5200,000 1307,000 680,650 1114,246 784,000 2818,865 12,004,000 l/ After deducting $342,419,000 participations of other Federal Reserve Banks. 2/ After deducting $18,761,000 participations of other Federal Reserve Banks.
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