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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM B.4.1 (For Immediate Release) November 5, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items ., , During the week ended November 4, Member bank reserves increased 0D, T e Icot n!! principal changes supplying reserves were an increase of 4 ^ $521 million in Reserve Bank credit and decreases of $94 million in Other million in Tj' V* a c £° u n t s (net) and Foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $160 million in Money in circulation, $20 million in Treasury deposits with Federal Reserve Banks, and $10 million in Other deposits with Federal Reserve Banks. increase $521 million in Reserve Bank credit resulted from increases of $463 million in Loans, discounts and advances, $50 million in U. S. Government securities bought outright, and $49 million in U. S. Government securities held under repurchase agreement, and a decrease of $40 million iLrea!^ofH$50mii=nUinSbmrr™ent securitles tou 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 «ht Nov. 4, 1953 25,398 49 825 559 26,830 22,076 4,877 30,428 Member bank reserves Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks ^ « Change since Oct. 28/ Nov. 5, 1953 (In millions of dollars) 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) Required reserves (estimated) Excess reserves (estimated) o u t r i 1,283 + 50 + 49 +463 - 4o +521 - 1 + 3 +160 +1,903 + 24 - 842 + 31 +1,116 -1,263 + 83 + 680 664 453 376 801 + 1 + 20 + 5 - 125 + 10 - 94 + 19,779 +445 - 555 18,812 967 +431 + 14 -1,072 + 517 -119 +168 + 43 -1,106 615 460 - 18 - 190 126 4 U. S. Government securities held in custody by the Federal Reserve Banks r©r foreign account were $2,655 million, a decrease of $22 million for the week and an increase of $363 million from the comparable date a year ago. H.4,l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) ASSETS Gold certificates Redemption fund for F. R, notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 2,106,312 5,851,541 13,773,671 3.666.150 25,397,674 49.000 25.446.674 Total loans and securities Due from foreign banks F, R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 26,271,414 22 165,075 3,580,623 50,039 220.000 51,514,460 20,043,103 853.690 20,896,793 330,494 821,979 2,761 L I A B I L I T I E S Federal Reserve notes Depositsi Member bank—reserve accounts U, S, Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Ratio of gold certificate reserves to deposit and F« R, note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + - - + + + 1 199 198 6,059 462,889 100 -1,390,000 + 147.223 -1,242,777 + 20,579 - 841,025 1,166 50,000 +1,903,112 — + 855,825 — — — + + + - 855.825 50,000 +1,903,112 24.000 49.000 + 99.000 +1.927.112 + + + 561,989 +1,084,921 — 1 8,180 10,057 + 136,662 29,741 4,473 3 + 8.848 + 66,292 417,864 87,973 26,149,894 + 142,295 + 650,385 19,778,512 664,069 452,576 + + 444,120 20,503 18,394 10.275 456,504 95,835 2.132 500,832 21,271,104 3,022,050 20.017 50,463,065 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Nov. 5, 1952 Oct. 28, 1953 Nov. 4, 1953 262,736 584,676 27,543 176.440 51,514,460 44.1$ 21,858 3,305 + — - - + + - + + — - 555,432 - 124,827 - 190,791 + 126.402 - 744,648 60,756 + 1,523. - 153,496 34 + + — ~ - + — — 14,519 46,334 83.002 + , 4,670 87,973 417,864 - 2,5% ,5% 881 138 + 5,413 577 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. NOVEMBER 4. 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 780,629 41,240 110 821,979 Industrial loans 575 1,124 986 76 2,761 U* S, Government securities 446,750 9,200,312 6,558,091 6,452,264 1,374,400 , 1,414,857 25,446,674 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 4, 1953 (in thousands of dollars) H.4.1(b) ASSETS Total Gold certificates Redemption fund for F, R, notes Boston New York Phila. Cleve, Rich, Atlanta Chicago St, Louis 20,043,103 1006,450 5,566,087 1246,581 1791,740 1066,904 864,025 3571,511 6?0 53,841 147,074 60.871 83.437 74.898 59.721 142.700 Total gold certificate reserves 20,896,793 1060,291 5,713,161 1307,452 1875,177 1141,802 923,746 3714,211 Other cash 76,688 22,497 23,289 16,642 25,679 330,494 27,945 Discounts and advances 821,979 6,267 219,570 17,140 46,969 30,398 55,736 2,761 Industrial loans 80 2,034 551 U. S. Govt, securities: Bought outright— Bills 2 ,106,312 115,982 542,222 126,913 178,803 124,904 107,737 Certificates 5,851,541 322,209 1,506,351 352,579 496,731 346,996 299,300 Notes 13,773,671 758,433 3,545,729 829,919 1169,233 816,779 704,509 Bonds 3.666.150 201.873 943.770 220.900 311.216 217.403 187.520 Total 25,397,674 1398,497 6,538,072 1530,311 2155,983 1506,082 1299,066 Held under repurchase agreement __ 49.000 — 49T000 52,325 165,819 Mpls, Kans.Cy. Dallas SanFran, 829,610 475,833 764,778 714,420 2145,164 49.785 25.691 39.725 30.698 85.249 879,395 501,524 804,503 745,118 2230,413 17,468 29,476 6,366 15,043 96 10,685 39,683 12,123 38,787 32,936 162,942 88,616 51,986 91,799 83,669 364,038 1011,334 246,180 144,422 255,028 232,441 2380,531 579,472 339,948 600,298 547,132 633.628 154.238 90.484 159.782 45.630 4389,531 1068,506 626,840 1106,907 1008,872 229,643 637,970 1501,688 399.706 2769,007 Total U. S. Government securities 25.446.674 1398.497 6.587.072 1530.311 2155.983 1506.082 1299.066 4389.531 1068.506 626.840 1106.907 1008.872 2769.007 Total loans and securities 26,271,414 1404,764 6,806,642 1549,485 2202,952 1536,560 1355,353 4555,350 1097,982 641,979 1146,590 1041,808 2931,949 Due from foreign banks 22 1 F.R,notes of other banks 165,075 3,866 Uncollected cash items 3,580,623 283,277 Bank premises 50,039 5,077 Other assets 220.000 13.176 TOTAL ASSETS l/ 6 2 2 1 1 3 25,526 8,654 8,156 24,874 20,462 18,556 624,159 235,993 299,566 293,774 229,878 624,196 7,072 4,488 4,526 4,766 3,625 6,737 54.569 13.007 19.499 12.932 12.088 37.102 1 1 1 1 2 8,107 10,463 10,195 19,053 7,163 162,879 108,849 199,288 146,147 372,617 2,908 1,028 2,133 7,085 594 5.330 10.288 , 9,21? 23.838 . 8,959 51,514,460 2798,397 13,307,823 3141,578 4433,167 3031,351 2570,832 9008,480 2177,699 1275,540 2180,651 1965,198 5623,744 1/ After deducting $16,000 participations of other Federal Reserve Banks, H.4.1(c) LIABILITIES STATEMENT OF CONDITION OF W E FEDERAL RESERVE BANKS ON NOVEMBER 4, 1953 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 26,149,894 1588,566 5,755,198 1851,348 2418,242 1847,066 1402,220 5036,189 1199,863 641,195 1016,603 744,721 2648,683 Deposits: . Member bank-reserve accts. 19,778,512 820,252 6,197,225 890,648 1536,112 819,731 851,310 3181,568 725,339 461,130 909,212 976,255 2409,730 U.S.Treasurer-general acct. 664,069 37,034 113,260 35,599 82,464 30,396 45,608 97,123 50,206 34,339 41,644 38,791 57,605 Foreign 452,576 27,328 1/136,717 33,600 41,216 22,400 19,264 61,376 17,024 11,200 17,024 20,160 45,267 Other 4,684 300,571 5,841 6,782 3,243 2,268 1,310 9,794 1,107 Total deposits 21,271,104 889,298 6,747,773 965,688 1666,574 875,770 918,450 3341,377 802,363 509,676 969,320 1036,313 2548,502 Deferred avail, cash items 3,022,050 254,273 502,844 245,241 250,094 251,877 201,515 481,126 132,538 95,883 152,419 135,188 319,052 Other liabilities and accrued dividends 20,017 1,117 2,266 682 928 3,211 746 5,700 972 993 747 775 1,880 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 50,463,065 2733,109 13,011,515 3063,394 4337,176 2975,706 2523,113 8861,903 2135,510 1247,436 2139,089 1916,997 5518,117 262,736 14,239 81,582 17,985 24,871 11,424 11,052 34,494 9,002 5,854 10,028 13,229 28,976 584,676 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 2,140 176,440 11,576 39,904 12,132 16,050 11,624 10,102 26,026 9,038 6,046 8,472 8,284 17,186 51,514,460 2798,397 13,307,823 3141,578 4433,167 3031,351 2570,832 9008,480 2177,699 1275,540 2180,651 1965,198 5623,744 21,858 3,305 1,333 2/ 6,449 1,639 1,485 2,011 748 1,093 52 940 136 2,994 29 831 546 831 855 983 2,208 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 27,061,454 1653,956 5,941,581 1914,598 2499,972 1912,030 1458,794 5139,630 1251,332 652,068 1045,056 778,086 2814,351 11,463,000 640,000 3,220,000 745,000 1000,000 600,000 385,000 2400,000 355,000 175,000 280,000 283,000 1380,000 503,713 5,840 213,480 16,615 — 30,048 — -— 29,210 14,868 39,417 — 154,235 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 28,586,713 1845,840 6,333,480 1961,615 2550,000 1980,048 1485,000 5300,000 1359,210 689,868 1119,417 808,000 3154,235 1/ After deducting $315,840,000 participations of other Federal Reserve Banks. 2/ After deducting $15,409,000 participations of other Federal Reserve Banks.
@FedFRASER