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H.4.1 BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) June 18, 1953• CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 17, Member bank reserves increased $790 million. The principal changes supplying reserves were an increase of $915 million in Reserve Bank credit and decreases of $33 million in Money in circulation and $13 million in Treasury cash holdings. The principal offsetting changes were increases of $79 million in Other deposits with Federal Reserve Banks, $56 million in Other F. R. accounts (net), and $11 million in Foreign deposits with Federal Reserve Banks, and a decrease of $24 million in Gold stock. The increase of $915 million in Reserve Bank credit resulted from increases of $567 million in Float and $522 million in U. S. Government securities bought outright, and decreases of $169 million in Loans, discounts and advances and $5 million in U. S. Government securities held under repurchase agreement. Holdings of U. S Government securities bought outright reflected increases of $372 million in certificates and $150 million in bills. The increase in certificates represented a like amount of special certificates issued to the Federal Reserve Banks. Member Bank Reserves and Related Items Reserve Bank credit: U. S. Government securities-Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding June 17, 1953 Change since June 10, June 18 1952 1953 (In millions of dollars) 25,154 289 1,213 26,656 22,513 4,851 +522 - 5 -169 +567 +915 - 24 + 1 +2,241 84 - 257 72 +1,828 - 784 + 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) 29,970 1,276 8 598 252 958 + + + + +1,183 10 1 2 + 84 + 164 Member bank reserves 20,958 +790 - 274 19,712 1,246 +499 +291 - 24 250 +253 -149 + + 183 101 Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks 966 394 33 13 2 11 79 56 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,447 million, a decrease of $2 million for the week and an increase of $725 million from the comparable date a year ago. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since June 10, June 18, 1952 1953 June 17, 1953 . 20,545,601 790,826 21,336,427 317,361 286,075 3,204 + - + - 30,002 12,143 17,859 10,451 168,024 237 - + - 1,039,754 + 150,000 4- 823,000 4,995,716 13,773,671 4,521,975 25,154,116 + 372,000 410,000 6,707,100 + 8,205,598 613,848 + 2,240,404 83,500 + 2,156,904 + 1,900,046 5 8,191 + 358,405 44,946 93,520 + 1,400,806 — — + - 25,154,116 25,443,395 23 144,342 5,406,171 49,946 81,117 52,778,782 + + - 522,000 5,000 517,000 348,739 - - 49,339 + 2,260,404 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 20,958,086 7,929 598,406 251,879 21,816,300 4,193,492 21,909 51,711,850 + 789,861 + 1,921 + 11,095 + 78,861 + 881,738 + 1,397,020 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 258,241 584,676 27,543 196,472 52,778,782 + 25,680,149 - - • 4* 4,981 + 1,963,319 + 112 - + 25,223 524 + 2,253,011 - 258 — — - - + + + + 273,531 1,250 1,375 83,403 192,753 430,265 2,796 1,328,086 + + 13,560 46,334 - - + - — — - — + 7,135 + 2,260,404 44.9fo .9% - 28,542 3,199 - + CO - 945,754 - — — - - Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 870,652 109,48? 761,165 290 255,332 1,526 + -O -O 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: Special Other Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS H O H.4;l(a) 1,019 348 + 12,826 + 1,400,806 - + - 2.51o 20,407 3,226 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 17, 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 261,659 24,237 179 286,075 Industrial loans 1,094 707 U. S. Government securities 843,000 1,260 143 -3,204 ~^Y) JUA) to 6791-47-164" 1,374,400 1,414,857 25,154,116 \ i. ii-i _ STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE If, 1953 (in thousands of dollars) H.4.1(b) A S S E T S Total Boston 20,545,601 721,42? 790,826 64,923 Total sold certificate reserves 21,336,427 786,350 Gold certificates Redemption fund for F. R. notes New York Phila. Cleve. Rich. 6,280,043 1235,446 1520,988 767,429 Atlanta Chicago St.Louis• Dallas SanFran. 546,606 301,920 926,739 125,673 50,725 26,062 40,385 669,335 4553,826 597,331 327,982 967,124 16,215 1,886 — 5,749 8,763 115 11,134 22,118 °Bills°UtrlSht" 1,039,754 76,071 Certificates 5,818,716 365,547 Notes 13,773,671 1007,847 Bonds 4,521,975 330,882 Total 25,154,116 1760,3^7 Held under repurchase agreement -— 225,174 65,129 100,994 74,328 65,506 151,202 56,381 1,904,853 312,927 485,249 357,123 314,790 726,492 270,893 2,982,770 862,769 1337,878 984,625 867,906 2003,009 746,877 979,261 283,252 439,233 323,258 284,939 657,599 245,204 6,092,056 1524,077 2363,35^ 1739,334 1533,141 3538,302 1319,355 32,329 155,282 428,127 140,556 756,294 Total U. S. Government securities 25,154,116 1780,34? , , . 6,092,058 1524,077 2363,354 1739,334 1533,141 3538,302 1319,355 , 756,294 „„ 966,189 1174,731 2366,934 T 6,125,302 1550,092 2375,104 1764,389 1586,346 3600,133 1321,241 765,172 988,307 1197,732 2373,959 Other cash Discounts and advances Industrial loans U. S. Govt, securities: 317,361 286,075 3,204 2l,0l4 15,271 -- B °securitie 3 a P d 25,443,395 1795,618 SS£33£"*rS Bank premises other assets TOTAL ASSETS 49,946 81,117 5,-043 6,137 109,575 84,377 81,356 6,389,618 1294,282 1605,365 848,785 56,303 33,244 -- -- 58,836 19,976 23,443 2,572 " 26,715 11,750 — " 16,417 25,035 20 " 607,647 4428,153 Mpls. Kans.Cy. 61,688 26,976 52,708 497 " 68,335 61,831 — ]] ]] 493,532 2715,671 30,431 56,795 523,963 2772,466 13,561 23,001 34,966 7,025 41,289 50,201 101,150 198,379 241,198 485,983 546,953 665,007 1339,903 179,568 218,325 439,898 966,189 1174,731 2366,934 " JW »sf«« si s i M M jd M £& 7,i64 17,004 4,244 4,924 4,588 7,808 4,885 5,821 3,673 5,766 6,774 11,118 2,935 3,968 1,040 2,4li 2,191 3,988 615 4,405 6,794 7,767 52,778,782 2948,482 13,928,970 3235,506 4496,429 3015,350 2630,411 9253,406 2185,841 1246,548 2221,664 1937,447 5678,728 l/ After deducting $l6,000 participations of other Federal Reserve Banks. H.4.1(c) L I A B I L I T I E S Federal Reserve notes STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 1?, 1953 (In thousands of dollars) Total Boston 25,680,149 1594,124 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SariFran. 5,648,877 1829,284 2377,137 1765,284 1368,227 4953,572 1177,243 639,264 1007,894 725,205 2594,038 - g *g ^11 « *3 ?l •:! tz -a ?l sS M 1881 8:8? !S:SS M 8i:S ,l := 5— 1IS IS "IS "II 'II i S 1;g IS "SI 11 IS iE "If ^ ass ^ as as D Member8bank-reserve accts. 20,958,086 918,686 6,696,442 1,226 6,161 929,774 1598,215 870,649 915,241 3412,175 732,341 443,9% 967,884 872 597 744 968,8292503,865 Other Total deposits Deferred avail. cash items Other liabilities and accrued dividends T0 ^IT™BACCOLTOSAm) 21,909 1,532 2,213 1,260 1,093 3,l6o 1,104 1,947 =2,778,762 2948,482 13,928,970 3235,506 4496,429 3015,350 2630,411 9253,406 2185,841 1246,548 2221,664 1937,447 5678,728 Contingent liability on ?or e £5ilgn corespondents Industrial loan commitments 28,542 3,199 1,741 2/8,426 2,l4o 1,644 2,625 749 1,427 52 1,227 3,909 23 1,084 713 1,084 73 1,284 2 882 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,601,283 1651,105 5,847,859 1884,148 24,2,270 1848,709 1436,744 5048,337 1221,997 6)4,024 1040,531 764,895 2750,664 C 11,874,000 121,220 3,920,000 745,000 27,766 22,730 310,000 2700,000 280,000 1,525 145,000 280,000 8,525 21,757 184,000 1700,000 l,oo5 1924 ^ 6 0 1510^000 ^ l O o i o o H ^ j ^ 67^525 1101^757 7 ^ 000 2801^55 °GoUecertSic^« Eligible n&ner U 'Totai°coilaterIltieS 390,000 14,692 770,000 450,000 24,$60 1/ After deducting $419,052,000 participations of other Federal Reserve Banks. 2/ After deducting $20,116,000 participations of other Federal Reserve Banks.
@FedFRASER