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H.4.1 BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM (For Immediate Release) May 21, 1953• CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended May 20, Member bank reserves decreased $88 m i l l i o n . The p r i n c i p a l change reducing reserves was a decrease of $543 m i l l i o n in Reserve Bank c r e d i t . The p r i n c i p a l o f f s e t t i n g changes were decreases of $283 m i l l i o n in Treasury deposits with Federal Reserve Banks, $80 m i l l i o n in Other deposits with Federal Reserve Banks, $50 m i l l i o n in Money in c i r c u l a t i o n , and $34 m i l l i o n in Foreign deposits with Federal Reserve Banks. The decrease of $543 m i l l i o n in Reserve Bank c r e d i t r e s u l t e d from a decrease of $734 m i l l i o n i n Loans, discounts and advances, and increases of $148 m i l l i o n in F l o a t , $40 m i l l i o n in U. S. Government s e c u r i t i e s bought outr i g h t , and $3 m i l l i o n i n U. S. Government s e c u r i t i e s held under repurchase agreement. Holdings of U. S. Government s e c u r i t i e s bought outright r e f l e c t e d an increase of $40 m i l l i o n i n b i l l s . Change since Member Bank Reserves and Related Items May 20, 1953 May 13, 1953 May 21, 1952 (In m i l l i o n s of d o l l a r s ) Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s — Bought o u t r i g h t Held under repurchase agreement Loans, discounts and advances Float Total Gold stock 4-1, 608 + 31 + 29 Treasury currency outstanding 533 832 25,288 22,56? 4,844 + 40 + 3 -7 3b +148 -543 + 1 + 3 Money i n c i r c u l a t i o n Treasury cash holdings Treasury d e p o s i t s with F. R. Banks Foreign deposits with F. R. Banks Other d e p o s i t s with F, R. Banks Other F. R. accounts (net) 29,795 1,282 145 584 286 777 - 50 - 3 -283 - 34 - 80 - 3 +1,312 + 3 - 239 + 12 + 45 + 32 Member bank reserves 19,824 - 88 - 19,348 476 + 56 -144 + 581 845 - U2 -468 Required reserves (estimated) Excess reserves (estimated) Daily averages f o r p e r i o d - Estimated excess reserves of member banks Member bank borrowings a t F. R. Banks 23,891 31 - 176 +1,494 - 736 + 105 303 167 - 470 - 109 + 488 U . S . Government s e c u r i t i e s held in custody by the Federal Reserve Banks for f o r e i g n account were $2,364 m i l l i o n , a decrease of $43 m i l l i o n f o r the week and an increase of $667 m i l l i o n from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) Change since May 21, May 13, 1952 1953 May 20, 1953 ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F. R. notes Total gold c e r t i f i c a t e r e s e r v e s Other cash Discounts and advances Industrial loans U. S. Government s e c u r i t i e s : Bought outright--. Bills Certificates Notes Bonds Total bought o u t r i g h t Held under repurchase agreement Total U. S. Government s e c u r i t i e s 599,754 4,995,716 13,773,671 4,521,975 23,091,116 30,800 23,921,916 Total loans and s e c u r i t i e s Due from f o r e i g n banks F. R. notes of other banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 24,455,358 23 148,203 4,118,903 49,927 230,374 50,710,529 + + + 25,534,793 - 20,635,602 748,196 21,3^3,790 331,943 529,815 3,627 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 d e p o s i t s Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES 19,824,214 144,703 584,167 286,374 20,039,450 3,286,478 20,177 49,680,906 CAPITAL ACCOUNTS Capital paid i n Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 257,678 584,676 27,543 167,726 50,718,529 Ratio of gold c e r t i f i c a t e reserves to deposit and F. R. note l i a b i l i t i e s combined Contingent l i a b i l i t y on acceptances purchased for f o r e i g n correspondents Industrial loan commitments *May 13 f i g u r e s r e v i s e d + + + - + 2,501 3,451 950 5,598 733,980 36 40,000 - - - + - ~ + - + - —— + - 40,000 2,400 42,400 691,616 —— 4" - — —— - - - + + + + + + + 549,754 6,533,090 8,205,598 613,848 1,600,414 30,800 1,639,214 + 1,668,774 - 3,465 114,595* 387 9,379* 557,242* 782,648 59,785 722,063 5,510 31,209 1,649 - + + + + 5 7,024 160,750 5,095 34,539 1,133,756 46,432* + 1,210,460 88,271 283,458 33,516 79,488 484,733 33,382* 115 564,432* + 99 — m -» - + + - + + + + + 302,308 239,610 11,920 45,193 484,805 336,000 2,637 1,064,292 14,306 46,334 — •» — + - 46.1$ + 32,703 2,710 + - - -"V 8,824 7,091* + 557,242* + 1,133,756 .5$ 202 50 2.3# - + - 24,612 3,496 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 20, 1953 ( S e c u r i t i e s held under repurchase agreement are c l a s s i f i e d as maturing within 15 days i n 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 469,937 59,843 35 529,815 Industrial loans 899 ' 567 2,012 149 3,627 U. S. Government securities 1,207,06b 731,654 12,279,775 6,914,164 1,374,400 1,414,857 23,921,916 H.4.1(b) STATEMENT OF CONDITION OF THE FEDEZuil RESERVE BANKS ON MAY 2 0 , ( i n thousands of d o l l a r s ) 1953 ASSETS Total Boston 20,635,602 616,626 748,196 62,545 Total gold c e r t i f i c a t e reserves 21,383,798 679,171 Gold c e r t i f i c a t e s Redemption fund f o r F. R. notes Other cash 331,943 22,782 Discounts and advances 529,815 39,070 I n d u s t r i a l loans 3,627 — U. S. Govt, s e c u r i t i e s : Bought o u t r i g h t - Bills 599,754 -Certificates 4 , 9 9 5 , 7 1 6 363,081 Notes 13,773,671 1001,015 Bonds 4,521,975 328.639 Total 23,891,116 1692,735 Held under repurchase agreement 30,800 -- New York Cleve. Rich. 6,738,414 1146,557 1439,715 731,412 71,786 Phila. 85,137 76,573 6,810,200 1204,508 1524,852 807,985 58,853 59,148 — 57,951 21,491 43,428 3,087 26,419 43,794 — 17,501 41,175 22 Atlanta Chicago St .Louie 606,420 4469,286 Mpls. Kans.Cy. 546,433 300,494 963,610 126,480 50,963 26,155 40,549 668,639 4595,766 597,396 62,219 29,155 56,319 401 66,468 116,566 — 326,649 1004,159 11,129 19,882 Dallas SanFran. 489,072 2587,563 30,623 57,215 519,695 2644,778 18,585 23,971 -- 6,335 29,974 117 16,143 27,128 37,082 29,360 206,740 37,568 58,256 42,874 — 99,240 15,215 1,080,105 312,927 485,249 357,123 319,185 726,247 270,893 2,977,950 862,769 1337,878 984,625 880,041 2002,348 746,877 977.678.. 203,252 439,233 323,258 288,923 657,382. 245,204 5,242,473 1496,516 2320,616 1707,000 1400,149 3405,217 1270,109 16,373 156,027 430,179 141,230 7^3,009 23,816 28,957 70,715 198,379 241,198 485,302 546,953 665,007 1338,029 179,568 218,325 439,283 940,716 1153,J 30,800 Total U, S. Government securities 23,921,916 1692,735 5,273,273 1496,516 2320,6l6 1707,880 i486,149 3485,217 1278,189 743,809 948,716 1153,487 2333,329 Total loans and securities " ~ ~ 5,332,421 1543,031 2364,410 1749,077 1544,869 3601,783 1302,160 773,900 968,598 1180,615 2362,689 1 5,744 112,353 1,042 7,010 1 6,519 204,023 2,208 9,875 " 24,455,358 1731,805 Due from f o r e i g n banks 23 F.R.notes of other banks 148,203 Uncollected cash items 4,118,903 Bank premises 49,927 Other a s s e t s 230,374 TOTAL ASSETS l 3,541 349,698 4,975 16,700 l / 7 21%048 801,386 7,183 49,329 2 8,404 260,667 4,133 l4,l88 2 7,932 366,508 4,602 22,275 1 17,851 333,243 4,913 16,482 1 24,646 279,905 3,691 15,410 3 16,922 662,296 6,801 32,938 1 8,l8l 167,763 2,942 12,072 1 7,542 203,06l 621 11,615 2 19,873 378,000 6,816 22,480 50,718,529 2808,673 13,080,427 3056,424 4317,000 2947,053 2566,316 8982,977 2109,100 1233,034 2206,512 1939,293 5471,720 l / After deducting $16,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. i H.4.1(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 20, 1953 ( l a thousands of d o l l a r s ) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. I f e d e r a l Reserve notes 25,534,793 1572,831 5,625,156 1820,959 2365,697 1763,738 1365,336 4924,294 1178,562 641,015 1003,395 718,082 2555,728 .Deposits: 1 Member bank-reserve a c c t s . 19,824,214 844,117 6,015,276 915,737 1498,866 827,927 888,499 3302,252 723,857 460,317 970,921 977,275 2399,170 ' U S.Treasurer-general a c c t . 144,703 134 138,684 682 13 25 761 806 538 593 1,033 215 1,219 | Foreign 584,16? 35,179 1/177,574 43,253 53,056 28,835 24,798 79,008 21,915 14,418 21,915 25,952 58,264 Other Total d e p o s i t s Deferred a v a i l . cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES ' c a p i t a l paid i n , Surplus ( S e c t i o n 7> ' Surplus ( S e c t i o n 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents I n d u s t r i a l loan commitments 20,839,458 3,286,478 884,593 284,927 6,548,300 609,41? 20,177 1,093 5,725 964,837 1555,284 191,972 298,216 1,132 2,142 860,578 266,121 1,218 918,972 3384,034 233,477 529,327 863 3,011 754,227 133,209 476,415 86,803 779 605 997,959 1004,683 2489,576 163,783 167,700 321,526 694 1,061 1,854 49.680,906 2743,444 12,788,598 2978,900 4221,339 2891,655 2518,648 8840,666 2066,777 1204,838 2165,831 1891,526 5368,684 81,311 17,490 24,665 11,18? 10,895 32,965 8,914 5,787 9,797 12,899 27,965 '257,678 13,803 584,676 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,l4o 11,953 35,696 11,967 15>926 ll,6l4 10,208 23,289 9,260 6,205 7,822 8,180 15,606 167,726 ~ , 50,718,529 2808,673 13,080,42? 3056,424 4317,000 2947,053 2566,316 8982,977 2109,100 1233,034 2206,512 1939,293 5471,720 32,703 2,710 1,991 —- 2/9,695 -— 2,448 1,147 3,002 749 1,632 52 1,403 --- 4,471 24 1,240 —- „ , 816 — , 1,240 738 , . 1,469 . 3,296 FEDERAL RESERVE AGENTS' ACCOUNTS F. R notes outstanding C o l l a t e r a l f o r F.R. notes: Gold c e r t i f i c a t e s E l i g i b l e paper U. S. Govt, s e c u r i t i e s Total c o l l a t e r a l 26,499,876 1626,561 12,484,000 390,000 263,511 38,490 14,800,000 1300,000 27,547,511 1728,490 5,852,585 1878,219 244?,289 1849,961 1436,489 5012,381 1229,38? „ 4,520,000 745,000 770,000 450,000 310,000 2700,000 280,000 49,345 42,715 — 40,700 - 23,610 1,500,000 1200,000 1700,000 1450,000 1200,000 2400,000 1025,000 6,069,345 1987,715 2470,000 1940,700 1510,000 5100,000 1328,610 655,645 1031,496 . 0 145,000 280,000 29,736 19,515 525,000 800,000 699,736 1099,515 1 / A f t e r deducting $406,5?4,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 2 / A f t e r deducting $23,008,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 759,968 2719,895 . . 194,000 1?00,000 19,400 600,000 1100,000 794,000 2819,400
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