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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) June 4, 1953• CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 3> Member bank reserves increased $23 million. The principal changes supplying reserves were a decrease of $218 million in Treasury deposits with Federal Reserve Banks and an increase of $110 million in Reserve Bank credit. The principal offsetting changes were increases of $155 million in Money in circulation, $125 million in Other F. R. accounts (net), $16 million in Foreign deposits with Federal Reserve Banks, and $15 million in Other deposits with Federal Reserve Banks. The increase of $110 million in Reserve Bank credit resulted from increases of $140 million in Float and $108 million in U. S. Government securities bought outright, and decreases of $75 million in U. S. Government securities held under repurchase agreement and $63 million in Loans, discounts and advances. Holdings of U. S. Government securities bought outright reflected an increase of $108 million in bills. Member Bank Reserves and Related Items June 3, 1953 Change since June 4, May 27, 1952 1953 (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 24,071 50 511 785 25,418 22,536 4,849 + Money in circulation Treasury cash holdings Treasury deposits w^th F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net) 29,980 1,282 137 520 253 902 +155 - 2 -218 + 16 + 15 +125 + + 390 88 37 160 Member bank reserves 19,729 + 23 - 177 19,261 468 -100 +123 + - 54 231 548 624 + 76 + 7 - 46 302 Required reserves (estimated) Excess reserves (estimated) Daily averages for period— Estimated excess reserves of member banks Member bank borrowings at F. R. Banks +108 - 75 - 63 +140 +110 - - 4 +1,798 55 - 419 + 15 +1,339 - 760 + 102 +1,138 - — U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,472 million, an increase of $9 million for the week and an increase of $780 million from the comparable date a year ago. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars)- H.it.1(a) Change since June U, May 27, 1952 1953 June 3 s 1953 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Back premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank—reserve accounts U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 1 - ON 779,754 4,995,716 13,773,671 4,521,975 24,071,116 50,250 24,121,366 -"J 20,607,601 744,303 21,351,904 312,812 507,441 3,523 I A S S E T S Gold certificates Redemption fund for F, R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S, Government securities + - 4,170 - 14,854 - 63,446 + 181 - + - 818,653 68,726 749,927 3,908 418,395 1,125 + 697,754 -6,491,090 +8,20$,$98 613,848 +1,790,414 55,250 +1,743,164 4-108,000 — — — - +100,000 - 74,650 + 33,350 24,632,330 23 131,268 3,604,907 49,746 121,266 50,204,256 - 17,727 + 66,577 62 -119,355 -119,506 +1,323,644 5 5,850 + 87,708 + 4,921 90,590 + 573,809 25,672,421 +112,328 +1,044,377 19,729,372 137,354 520,119 252,861 20,639, 706 2,819,614 20,692 49,152,433 + 22,962 -217,224 + 15,922 + 14,613 -163,727 - 73,260 - 1,841 -126,500 C A P I T A L A C C O U N T S Capital paid in 257,917 Surplus (Section 7) 584,676 Surplus (Section 13b) 27,543 Other capital accounts 181,687 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,204,256 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - 29,915 — + - + + 14,060 46,334 + + 10,363 573,809 - + - 150 — — + 6,844 -119,506 46.1 % - — — 28,539 2,815 + + + 176,739 389,775 87,463 37,143 616,834 72,808 2,701 503,052 - ~ 2,634 198 + — 2.1$ 20,489 3,775 MATURITY DISTRIBUTION OF LOANS AND SECURITIES , JUNE 3, 1953 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 41+9,038 58,228 175 Industrial loans 443 1,437 1,500 143 '507,441 3,523 U . S . Government securities 65,250 935,15U 13,417,541 6,914,164 1,374,400 1,414,857 24,121,366 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 3, 1953 (In thousands of dollars) H.4,i(b) a s s e t s Total Boston 20,607,601 630,519 744,303 63,156 Total gold certificate reserves' 21,351,904 693,675 Gold certificates Redemption fund for F. R. notes Cleve. Rich. 6,781,398 1165,888 1432,831 725,321 New York Phila. 125,999 50,830 26,106 4o,448 690,652 4479,258 577,672 331,106 943,213 66,332 136,156 15,965 5,061 6,292 20,633 116 37,272 2,612 124,763 324,652 725,513 895,110 2000,336 293,870 656,722 42,282 746,877 245,204 23,415 156,027 430,179 141,230 30,964 198,379 546,953 179,568 5,300,243 1507,791 2338,100 1720,748 1516,244 3507,334 1305,256 750,851 955,864 1162,177 2350,290 5,387,782 1542,485 2362,115 1765,508 1554,926 3643,490 1310,317 771,600 993,136 1203,170 2363,715 799,084 55,925 19,219 2 5,314 22,068 312,812 Other cash 87,539 31,733 24,015 27,618 Discounts and advances 507,441 2,961 Industrial loans 3,523 ! U. S. Govt, securities: Bought outright250,070 48,843 75,740 Bills 779,754 1,072,434 312,927 485,249 Certificates 4,995,716 366,019 Notes 13,773,671 1009,142 2,956,766 862,769 1337,878 970,723 283,252 439,233 Bonds 4,521,97 5 331,307 Total Held under repurchase agreement 50,250 50,250 16,781 44,740 20 Due from foreign banks 24,632,330 1734,086 23 1 ^ TOTAL ASSETS 506,408 2648,632 902,765 6,852,001 1225,195 1517,514 securities' Dallas SariFran, 305,000 73,763 °securities G O V e r n m 9 n t 24,121,366 1706,468 Mpls. Kans.Cy. Chicago St, Ix>uis 526,842 84,683 T Atlanta 70,603 l/ 1 fcgg A S S 59,307 2 2 55,742 357,123 984,625 323,258 1 628,738 4353,259 61,914 26,903 38,256 426 ^ 1 3 270,893 1 1 il::: 2:52 fcS 9,419 30,510 56,984 536,918 2705,616 14,700 40,993 33,894 13,425 37,647 241,198 87,676 485*302 665,007 1338,029 218,325 439,283 ncc qaI, 1 1 AO 1r7r7 Q7CA OQfS * * 4h " 4 1 332 J: A° 50,204,256 2713,321 13,010,497 3016,054 4278,005 2929*799 2549,991 8850,097 2092,505 1215,619 2134,967 1941,105 5472,296 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS' OIT JUHE 3, 1953 (In thousands of dollars} E.4.1(c) L I A B I L I T I E S Total Boston 25,672,421 1581,739 Federal Reserve notes Deposits: Member "bank-reserve accts. 19,729,372 802,758 U.S.Treasurer-general acct. 137,354 1,156 520,119 Foreign 31,543 252,861 7,699 Other Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,652,320 1823,860 2370,397 1770,629 1375,917 4945,582 1183,034 640,286 1011,949 732,171 2584,537 6,158,247 118,359 1/157,570 918,286 1,440 19,650 7,123 985,083 2415,834 946,499 1008,891 2503,645 New York 139,773 Phila. Cleve. 892,878 1488,519 Rich. 895 561 38,783 47,573 801,102 9,318 24,790 8,188 14,260 6,255 940,744 1550,913 171,834 257,146 841,465 260,201 2,439 1,164 Atlanta 10,409 13,996 451,938 1,296 12,927 1,686 921,219 3296,591 203,404 460,458 744,787 467,847 889,304 3214,838 501 954 22,235 70,843 8,726 710,585 556 19,650 574 22,311 923 1,744 52,244 33,823 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,639,706 2,819,614 843,156 221,202 6,573,949 483,108 20,692 1,162 5,884 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,152,433 2647,259 12,715,261 2937,631 4180,895 2673,459 2501,414 6705,728 5049,473 1186,996 2093,722 1892,642 5367,953 257,917 13,807 81,337 17,492 24,674 11,189 10,898 32,976 8,918 5,787 9,860 12,968 28,011 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 1,193 874 3,097 120,804 78,267 134,530 150,711 277,949 848 596 744 869 1,822 584,676 36,462 167,503 43,578 54,064 29,248 25,803 84,628 23,628 15,131 21,925 25,381 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 57,325 2,140 181,687 12,782 39,077 12,864 17,366 12,554 11,114 25,336 9,965 6,632 8,323 8,807 16,867 50,204,256 2713,321 13,010,497 3016,054 4278,005 2929,799 2549,991 8850,097 2098,5©5 1215,619 2134,967 1941,105 5472,296 28,790 2,815 1,741 2/8,421 --- 2,l4o 2,625 1,559 1,259 749 52 1,227 — 3,910 24 1,084 714 1,084 731 1,403 2,882 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,533,136 1627,524 5,858,164 1872,216 2445,425 1848,072 1434,223 5037,636 1230,284 12,464,000 4,520,000 390,000 230,079 27,039 14,800,000 1300,000 27,494,079 1717,039 745,000 770,000 450,000 310,000 2700,000 280,000 62,286 31,020 —44,265 — —- 4,700 1,500,000 1200,000 1700,000 1450,000 1200,000 2400,000 1025,000 6,082,286 1976,020 2470,000 1944,265 1510,000 5100,000 1309,700 653,955 1036,557 762,316 2726,764 145,000 280,000 174,000 1700,000 3,465 36,909 20,395 525,000 800,000 600,000 1100,000 690,395 1116,909 774,000 2803,465 1/ After deducting $362,532,000 participations of other Federal Reserve Banks. 2/ After deducting $20,369,000 participations of other Federal Reserve Banks.
@FedFRASER