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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 12, 1953 nnwniTTON OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 11# Member bank reserves increased $122 million. The principal changes supplying reserves were an increase of |199 million in Reserve Bank credit and a decrease of #157 million in Treasurydeposits with Federal Reserve Banks. The principal offsetting changes were increases of #103 million in Other deposits with Federal Reserve Banks and $69 million in Foreign deposits with Federal Reserve Banks, and a decrease of $51 million in Gold stock. The increase of $199 million in Reserve Bank credit resulted from an increase of $491 million in Loans, discounts and advances and a decrease of $291 million in Float. Member Bank Reserves and Related Items March 11, 1953 Change since March 4, March 12, 1953 , 1952 (in millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,853 1,319 770 25,941 22,611 4,824 +491 -291 +199 - 51 Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F, R, accounts (net) 29,780 1,299 331 581 344 829 + 8 + 4 -157 + 69 +103 - 1 +1,328 + 3 - 308 + 15 + 69 + 44 Member bank reserves 20,212 +122 + 431 19,849 363 - 40 +162 + - 667 236 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 526 — — — +1,323 + 957 - 116 +2,163 - 680 + 98 141 H.4.1(a) STATEMENT OF dhi$lTION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 20,674,101 752,358 21,426,459 49,999 379,353 20,623 Other cash 1,314,919 3,950 Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 49,999 + 560,954 4,995,716 13,773,671 4,521,975 23,852,316 mm mm mm C A P I T A L A C C OP N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 712,151 46,276 665,875 4,689 + 957,438 840 + + + 544,954 6,814,090 8,705,598 1,113,848 1,322,614 491,079 + 2,279,212 3,698,594 49,188 185,046 51,079,504 + + 8,480 299,780 9 8,512 1,953 67,070 4,872 25,619,050 - 169,656 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 491,237 158 + - + 25,171,185 23 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS Mar. 12, 1952 Mar. 4, 1953 Mar. 11, 1953 20,211,732 330,790 581,204 344,438 2,928,832 + +_ + 1,703,189 16,927 + 1,243,719 122,181 157,482 69,472 103,781 137,952 8,144 + + 1,634,912 180 + 1,240 + 112 + 7,545 120,718 + + + + 183,380 14,832 46,334 — - - - — - 15,150 206,573 256,762 584,676 27,543 178,268 51,079,504 + 308,189 + 113,061 27,499 2,506 + 430,432 69,180 + 45.5# - + 50,032,255 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 20,651 120,718 .2$ 39 103 + 7,111 + 1,703,189 - + - 2.9% 18,465 4,304 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 11, 1953 (Callable Government securities classified according to nearest call date) 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 Industrial loans 380 1,097,505 217,384 30 2,256 1,314,919 3,950 965 349 U. S. Government securities 46,200 1,652,520 13,069,925 6,655,200 1,070,224 1.358,247 23,852,316 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 11, 1953 (in thousands of dollars) H.4.l(h) A S S E T S Total Gold certificates Redemption fund for F. R. notes 20,674,101 Boston Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 678,438 6,849,951 1205,740 1387,454 813,624 644,087 4128,672 538,453 316,630 898,478 577,000 2635,574 752,358 63,968 Total gold certificate 21,426,459 reserves 742,406 Other cash 379,353 Discounts and advances 1,314,919 3,950 Industrial loans U. S. Govt, securities: 560,954 Bills 4,995,716 Certificates 13,773,671 Notes 4,521,975 Bonds New York 28,098 62,822 360,058 992,710 325,912 76,942 55,518 84,310 6,926,893 1261,258 1471,764 70,575 247,900 145,666 1,079,512 2,976,311 977,140 28,308 61,365 3,434 35,138 312,927 862,769 283,252 128,240 51,516 25.372 40,953 892,414 702,569 4256,912 589,969 342,002 939,431 78,790 34,257 152,529 22,789 33,680 34 54,487 485,249 1337,878 439,233 40,100 357,123 984,625 323,258 58,482 30,749 30,956 353 69,573 439,474 80,816 18,554 5,654 51,175 129 12,245 96,740 27,281 95,660 26,763 17,520 156,027 430,179 141,230 22,276 198,379 546,953 179,568 326,140 722,908 270,893 899,200 1993,133 746,877 295,213 654,357 245,204 30.078 58.189 607,078 2693,763 14,080 12,990 44,471 44,472 27,083 68,980 241,198 485,302 665,007 1338,029 218,325 439,283 Total U. S. Government securities 23,852,316 1678,680 5,178,629 1494,086 2316,847 1705,106 1547,834 3466,058 1289,737 744,956 947,176 1151,613 2331,594 Total loans and securities'— 25,171,185 1741,502 Due from foreign "banks F.R.notes of other hanks U n c o l l e c t e d c a s h items Bank premises other assets TOTAL ASSETS 23 1 49,188 185,046 4,457 13,219 169,656 2,273 3,698,594 275,773 5,426,529 1/ 7 22,695 679,584 7,231 39,308 1558,885 2469,376 1738,820 1579,143 3905,532 1370,553 796,260 1043,916 1164,603 2376,066 2 7,698 214,808 3,679 11,348 2 8,289 315,010 4,632 17,610 51,079,504 2807,729 13,172,822 3085,986 4320,940 1 38,197 301,556 4,928 13,418 1 26,524 18,639 3 3,724 12,576 26,808 278,490 641,512 6,795 1 7,011 175,412 2,983 9,691 1 5,610 95,229 1,047 5,628 1 1 2 7,970 9,343 18,127 7,898 8,585 16,237 188,070 157,882 375,268 2,242 623 6,847 3012,123 2633,776 8925,774 2174,174 1251,431 2201,773 1962,195 5530,781 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 11, 1953 (In thousands of dollars) H,4.1(c) L I A B I L I T I E S Total Boston 25,619,050 1570,042 Federal Reserve notes Deposits: Member bank-reserve accts. 20,211,732 862,578 U.S.Treasurer-general acct, 330,790 21,593 Foreign 581,204 35,252 m..438 3.721 Other Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,620,473 1826,415 2370,668 1797,597 1385,806 4890,232 1197,385 646,742 1010,747 729,906 2573,037 New York Phila. CIeve. Rich. Atlanta 946,448 1501,669 18,737 31,036 43,343 53,167 1.747 5.272 851,147 24,495 28,895 7.804 933,455 3296,485 19,134 53,424 24,850 79,172 684 746 740,641 23,704 21,960 7.105 462,993 16,690 14,448 1.118 954,228 1012,068 2420,410 22,069 14,871 37,747 21,960 26,006 58,385 698 1.064 34.943 6,730,202 1010,275 1591,144 523,518 170,616 261,071 912,341 245,234 978,185 3429,765 220,700 458,804 793,410 495,249 80,479 139,731 998,955 1054,009 2551,485 150,466 129,618 300,708 6,229,610 47,290 1/173,766 279.536 " Total deposits Deferred avail, cash items Other liabilities and accrued dividends 21,468,164 2,928,832 923,144 247,887 16.209 861 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,032,255 2741,934 12,878,792 3008,164 4224,493 2956,070 2585,478 8781,554 2131,243 1223,024 2160,695 1914,168 5426,640 256,762 13,763 81,267 17,451 24,537 11,145 10,873 32,865 8,903 5,779 9,696 12,607 27,876 584,676 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 JL foa<eoo Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 4,599 858 1.610 898 787 2.753 Jll 55k. m. 635 1.410 51,079,504 2807,729 13,172,822 3085,986 4320,940 3012,123 2633,776 8925,774 2174,174 1251,431 2201,773 1962,195 5530,781 27,499 2,506 1,677 2/8,112 2,062 829 2,530 751 1,375 66 1,183 — 3,767 110 1,045 688 1,045 750 1,238 2,777 FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,624,370 1629,453 5,848,550 1903,820 2444,975 1894,816 1453,986 4983,954 1250,569 657,611 1038,486 769,626 2748,524 12,744,000 400,000 61,480 627,359 14.660.000 1300.000 4,520,000 825,000 820,000 500,000 335,000 2700,000 280,000 79,980 59,715 — 31,780 — 211,635 1025.000 1.500.000 1100.000 1700.000 1450.000 1200.000 2400.000 170,000 50,625 505.000 280,000 95,894 800.000 214,000 1700,000 36,250 580.000 1100.000 \f After deducting $407,419,000 participations of other Federal Reserve Banks. 2/ After deducting $19,387,000 participations of other Federal Reserve Banks.
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