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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) November 27, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended November 25, Member bank reserves decreased $269 million. The principal changes reducing reserves were increases of $204 million in Money in circulation, $19 million in Treasury deposits with Federal Reserve Banks, and $10 million in Foreign deposits with Federal Reserve Banks, and decreases of $59 million in Reserve Bank credit and $49 million in Gold stock. The principal offsetting change was a decrease of $63 million in Other deposits with Federal Reserve Banks. The decrease of $59 million in Reserve Bank credit resulted from a decrease of $297 million in Float and increases of $173 million in Loans, discounts and advances, $35 million in U. S. Government securities bought outright, and $29 million in U. S. Government securities held under repurchase agreement. Holdings of U. S. Government securities bought outright reflected an increase of $35 million in bills. Member Bank Reserves and Related Items Nov. 25 , 1953 Change since Nov. 18, Nov. 26 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 24,993 29 770 636 26,428 22,027 4,879 + 35 + 29 +173 -297 - 59 - 49 + 1 +1,381 - 120 - 849 - 285 + 127 -1,311 + 82 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) 30,691 777 522 429 335 805 +204 - 9 + 19 + 10 - 63 + 539 - 490 + 205 - 282 + 65 + 4 Member bank reserves 19,775 -269 -1,142 19,032 7^3 -15 -254 -1,377 + 235 753 491 - 96 + 93 + 180 - 965 Required reserves (estimated) Excess reserves (estimated) Daily averages for period— Estimated excess reserves of member banks Member bank borrowings at F. R. Banks - U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,681 million, a decrease of $4 million for the week and an increase of $424 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) Nov. 18, 1953 Nov. 25, 1953 „ j Agsgyg Gold certificates Redemption fund for F. R, notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. Government securities 2,201,312 5,851,541 13,273,671 3.666.150 24,992,674 29.000 25,021,674 Total loans and securities Due from foreign banks F. R, notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 25,791,691 22 155,083 3,725,397 50,216 263.606 51,627,899 20,493,103 86.5.26.6 21,338,349 323,535 767,595 2,422 L, I A B I L T T T R 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 T. ACCOUNTS 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 - - + + + 49,998 6.854 54,852 9,639 173,333 21 Nov, 26, 1952 + - 924,999 118.299 806,700 29,187 847,331 1,364 35,000 +1,880,862 + 855,825 — 500,000 855.825 35,000 +1,380,862 29.000 - 120.000 66.. 000 +1.260.862 mmmm + + + + 10,504 977,615 61 8,57? 806,622 — 412,167 1 4,010 185,479 4,498 62.867 487,471 + 497,057 237,354 mmmm - + + — + - + + 26,379,006 + 168,054 19,775,287 521,629 429,330 336.770 21,061,016 3,089,339 - 268,300 -1,142,030 18,812 + 204,228 9,954 - 281,858 66.508 62,89.3, + 302,425 -1,155,152 680,906 + 99,831 9 # + , 1,855 814,311 — 556,409 + + • - , 22,147 + 50,551,508 263,225 584,676 27,543 ... 200,947 51,627,899 76 + + + 14,657 46,334 , , 7,6,13 + 806,622 — 7.967 487,471 45.0% 19,902 3,228 + + 76 1 - 1.056 + 2,523 863 - , MATURITY DISTRIBUTION OF LOANS AND SECURITIES. NOVRMBflR 25. 1953 (Securities held under repurchase agreement are classified as maturing 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 734,355 33,157 83 — Industrial loans 546 486 1,325 65 — — 767,595 2,422 U, S. Government securities 7,486,250 5,423,362 2,870,541 6,452,264 1,374,400 1.616.857 25,021,674 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE" BANKS" ON NOVEMBER 25, 1953 (in thousands of dollars) ASSETS Total Boston New York Phila. CIeve. Rich, Atlanta Chicago St.Louis Mpls. Kans«Cy» Dallas SanFran, 20 Redempt^on^fund^for '493»103 1067,043 5,444,987 1310,154 1761,783 1103,133 871,099 3786,963 847,605 495,859 781,292 761,613 2261,572 F, R. notes 845,246 5?r47o 145,546 60,171 82.918 71.304 59.278 142.150 49.621 25.619 39.596 30.581 84.964 Total gold certificate reserves 21,338,349 1120,519 5,590,533 1370,325 1844,701 1174,437 930,377 3929,113 897,226 521,498 820,888 792,196 2346,536 counts and advances industrial loans U. S. Govt, securities; Bought outright— 767)595 2,422 10)407 — 182)440 — 1,761 55)899 — 29)298 70 7l)m 495 95)804 — 4l)o31 — 12^3 96 77)315 39)So 144)562 I r j l i filffifllllif! Ill ill! agreement 29.000 — 29.000 — — __ __ . Total U. S. Government securities 25,021,674 1376,197 6,462.814 1505.909 2121.603 1482.065 1278.150 4319.534 1051.467 616.844 1089.256 992.784 2724.851 Total- loans and • securities Due from foreign banks 25,791,691 1386,604 6,645,254 1515,295 2177,502 1511,433 1350,586 4415,338 1092,498 629,153 1166,571 1032,044 2869,413 22 l l / 6 2 2 1 1 3 1 1 2 aS^lii # fl a # f1 f1 If -11 •! 'I TOTAL ASSETS 51,627,899 2833,076 13,133,471 3150,689 4412,471 3051,952 2604,715 9063,870 2190,368 1282,553 2218,217 2010,031 5676,486 l/ After deducting $16,000 participations of other Federal Reserve Banks. H. 4. 1(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 25, 1953 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 26,379,006 1626,559 5,844,058 1884,052 2440,685 1849,256 1399,462 5073,881 1204,81? 641,534 1013,760 743,837 2657,105 Deposits: Member bank-reserve accts. 19,775,28? 833,006 5,911,116 912,790 1512,820 818,196 877,545 3250,974 750,909 477,006 950,990 995,732 2484,203 76,847 45,118 44,586 47,850 33,441 57,214 42,556 27,504 29,684 35,961 46,678 UvS.Treasurer-general acct. 521,629 34,190 31,440 38,566 20,960 18,026 57,430 15,930 10,480 15,930 18,864 42,358 Foreign 429,330 25,571 1/133,775 2,112 1,174 8,024 1,669 1,222 1,365 33,220 Other 275,291 1,669 3,182 1,946 Tota.1 deposits 21,061,016 896,663 6,397,029 991,017 1599,154 888,952 931,124 3366,792 817,419 516,659 997,826 1051,922 2606,459 Deferred avail, cash items 3,089,339 242,088 582,840 194,842 272,407 255,549 224,203 468,816 124,082 95,011 163,086 164,075 302,340 Other liabilities and 1,010 867 accrued dividends 652 1,138 1,039 2,235 1,169 873 6,617 3,392 22,14? 2,177 978 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 50,551,508 2766,288 12,830,544 3071,080 4314,423 2994,895 2555,799 8912,881 2147,191 1253,856 2175,539 1960,873 5568,139 263,225 14,348 81,701 18,003 24,896 11,459 11,070 34,590 9,013 5,871 10,053 13,232 28,989 584,676 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 200,947 12,967 46,4o4 13,539 18,082 13,001 11,281 30,342 10,015 6,622 9,563 9,238 19,893 51,627,899 2833,076 13,133,471 3150,689 4412,471 3051,952 2604,715 9063,870 2190,368 1282,553 2218,217 2010,031 5676,486 19,902 3,228 1,214 2/ 5,872 1,493 1,412 1,831 748 995 51 856 133 2,726 29 756 497 756 855 896 2,010 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 27,201,952 1687,432 6,011,359 1953,701 2520,107 1917,673 1468,344 5167,601 1255,895 654,260 1046,932 782,554 2816,094 11,493,000 640,000 3,220,000 775,000 1000,000 600,000 385,000 2400,000 355,000 175,000 280,000 283,000 1380,000 — 143,350 176,620 6,725 --28,698 --— 40,575 11,913 76,859 494,415 9,675 16,620,000 1200,000 2,900,000 1200,000 1550,000 1350,000 1100,000 2900,000 975,000 500,000 800,000 525,000 1620,000 28,607,415 1849,675 6,296,620 1981,725 2550,000 1978,698 1485,000 5300,000 1370,575 686,913 1156,859 808,000 3143,350 1/ After deducting $295,536,000 participations of other Federal Reserve Banks. 2/ After deducting $14,030,000 participations of other Federal Reserve Banks.
@FedFRASER