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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) October 1, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended September 30, Member bank reserves decreased $177 million. The principal changes reducing reserves were increases of $93 million in Other deposits with Federal Reserve Banks, $6l million in Money in circulation, $23 million in Treasury deposits with Federal Reserve Banks, and $10 million in Treasury cash holdings, and a decrease of $51 million in Gold stock. The principal offsetting changes were a decrease of $31 million in Foreign deposits with Federal Reserve Banks and an increase of $24 million in Reserve Bank credit. The increase of $24 million in Reserve Bank credit resulted from increases of $101 million in Loans, discounts and advances and $50 million in U. S. Government securities bought outright, and a decrease of $128 million in Float. Holdings of U. S. Government securities bought outright reflected an increase of $ 5 0 million in bills. 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 Sept. 30, 1953 Change since Sept. 23, Oct. 1, 1953 1952 (In millions of dollars) 25,235 + 50 +1,541 332 685 26,252 22,128 4,872 +101 -128 + 24 - 51 + 3 - 216 36 +1,289 -1,214 + 85 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) 30,27-1' + + + + - + Member bank reserves 19,309 OJ £ Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks r-T Required reserves (estimated) Excess reserves (estimated) & 642 512 352 880 61 10 23 31 93 1 854 -* — + + 119 210 190 2 -177 - 789 18,827 482 - 4 -173 - 9.35 + 146 547 318 -4o8 +91 + 52 - 181 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,641 million, an increase of $20 million for the week and an increase of $405 million from the comparable date a year ago. H,4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since October 1, Sept, 23, 1952 1953 Sept, 30, A S S E T S Gold certificates Redemption fund for F, R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S, Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S, Government securities 20,071,104 862,363 20,933,467 344,110 329,347 2,968 Total loans and securities Due from foreign banks F, R, notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS . - - + + - + - 50,000 1,380,498 167,042 1,213,456 16,491 214,602 1,413 1,546,112 850,825 1,943,312 5,851,541 13,773,671 3,666,150 25,234,674 + 50,000 + 855,825 1,541,112 25,234,674 + 50,000 + 1,541,115 25,566,989 22 198,242 3,843,878 50,041 192,809 51,129,558 + 151,452 - + - - - + — 19,308,535 642,404 512,255 351,631 20,814,825 3,158,668 20,693 50,027,499 — C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 261,550 584,676 27,543 228,290 51,129,558 + - + — - + 9,278 296,679 48 9,276 203,159 50,498 177,030 23,514 30,925 92,297 92,144 169,232 14 210,864 81 + — — 1,325,097 1 + 23,354 + 119,599 + 4,433 •f 82,390 + 357,907 + + 808,381 — 789,727 119,372 209,401 189,613 690,143 155,062 4,527 277,827 + - + - + + + + + 13,801 46,334 — - + — - + + . - — — + 26,255 3,342 — — 26,033,313 44.7$ + — 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 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 49,997 3,817 53,814 4,068 101,459 7 7,624 203,159 .1% 912 122 — + + - + - 19,945 357,907 2.7%' 13,190 3,071 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 30, 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 316 7 13,063 / 6 Industrial loans 840 423 1,624 81 329,347 2,968 U, S, Government securities 494,900 8,940,162 6,558,091 6,452,264 1,374,400 1.414.857 25*234,674 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 30, 1953 (in thousands of dollars) H.4.1(b) A S S E T S Total Gold certificates Redemption fund for F. R. notes Boston 20,071,104 1001,213 862,363 54,433 Total gold certificate reserves 20,933,467 1055,646 New York Phila. Cleve. Rich. 5,557,128 1201,136 1775,255 1051,769 148,848 59,949 84,291 78,787 5,705,976 1261,085 1859,546 1130,556 Atlanta Chicago St.Louis 854,111 3670,454 Mpls. Kans.Cy. 784,695 458,036 50,044 25,816 39,908 914,340 3813,948 834,739 483,852 809,439 60,229 143,494 Dallas SanFran. 769,531 699,647 2248,129 30,922 85,642 730,569 2333,771 Other cash 344,110 27,735 69,889 24,121 22,936 15,549 26,861 70,154 16,063 6,586 11,362 11,078 3,310 24,725 38,519 13,740 Discounts and advances 329,347 6,385 7,385 3,650 9,350 26,748 32,800 79,250 Industrial loans 2,968 — — 2,152 — 90 624 102 U. S. Govt, securities: Bought outright— Bills 1,943,312 107,007 500,262 117,092 164,966 115,238 99,399 335,866 81,758 47,963 84,695 77,194 Certificates 5,851,541 322,209 11,506,351 352,579 496,731 346,996 299,300 1011,334 246,180 144,422 255,028 232,441 Notes 13,773,671 758,433 3,545,729 829,919 1169,233 816,779 704,509 2380,531 579,472 339,948 600,298 547,132 Bonds 3,666,150 201,873 943,770 220,900 311.216 217,403 187,520 633,628 154,238 90,484 159,782 145,630 Total 25,234,674 1389,522 6,496,112 1520,490 2142,146 1496,416 1290,728 4361,359 1061,648 622,817 1099,803 1002,397 Held under repurchase 41,776 83,485 211,872 637,970 1501,688 399,70b 2751,236 Total U. S. Government securities 25,234,674 1389,522 6,496,112 1520,490 2142,146 1496,416 1290,728 4361,359 1061,648 622,817 1099,803 1002,397 2751,236 Total loans and securities 6,503,497 1526,292 2151,496 1523,254 1324,152 4440,609 1064,958 647,644 1138,322 1016,137 2834,721 25,566,989 1395,907 Due from foreign banks 22 F.R.notes of other banks 198,242 Uncollected cash items 3,843,878 Bank premises 50,041 Other assets 192,809 TOTAL ASSETS l l / 6 4,554 32,539 283,712 759,355 5,050 7,091 11,491 48,649 2 14,633 248,182 4,439 11,283 2 9,848 346,896 4,539 16,880 1 1 23,325 18,000 307,414 244,401 4,778 3,631 11,177 10,616 3 1 1 21,939 11,275 15,267 626,673 171,358 105,175 6,743 2,914 1,031 32.204 7,808 4,757 1 7,760 198,702 2,167 9,051 1 2 10,686 28,416 165,567 386,443 598 7,060 8,057 20,836 51,129,558 2784,096 13,127,002 3090,037 4412,143 3016,054 2542,002 9012,273 2109,116 1264,313 2176,804 1942,693 5653,025 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 SEPTEMBER 30, 1953 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St. Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 26,033,313 1590,918 5,709,343 1840,668 2419,115 1838,762 1390,530 5025,762 1182,367 637,332 1015,220 740,231 2643,065 Deposits: Member bank-reserve accts. 19,308,535 774,526 5,926,506 884,602 1502,274 786,896 825,204 3207,686 679,705 461,792 880,285 953,713 2425,346 U.S.Treasurer-general acct. 642,4o4 26,100 46,064 21,908 63,880 51,582 154,159 46,891 49,591 47,465 37,601 55,132 42,031 Foreign 30,543 1/159,241 37,553 46,064 25,035 512,255 21,530 68,596 19,027 12,518 19,027 22,532 50,589 Other 4,639 284,248 2,464 5,389 2,667 351,631 3,905 1,023 9,236 962 744 2,736 33,618 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,814,825 3,158,668 861,290 261,670 6,524,154 579,767 20,693 1,253 6,372 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,027,499 2715,131 12,819,636 3008,769 4310,981 2956,555 2490,996 8858,983 2064,076 1234,571 2133,339 1891,961 5542,501 261,550 14,235 81,559 17,821 24,850 11,389 11,033 33,712 8,991 5,843 10,021 13,204 28,892 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 971,510 1603,318 195,442 286,421 1,149 2,127 862,063 888,240 3332,437 749,999 501,372 946,120 1000,889 2573,433 254,818 211,345 497,548 130,948 95,216 171,230 150,129 324,134 912 881 3,236 762 651 769 712 1,869 584,676 36,462 167,503 43,578 54,064 29,248 27,543 228,290 3,011 15,257 7,319 50,985 4,489 15,380 1,006 21,242 3,349 15,513 25,803 762 13,408 84,628 1,429 33,521 23,628 521 11,900 15,131 1,073 7,695 21,925 1,137 10,382 25,381 1,307 10,840 57,325 2,140 22,167 51,129,558 2784,096 13,127,002 3090,037 4412,143 3016,054 2542,002 9012,273 2109,116 1264,313 2176,804 1942,693 5653,025 26,255 3,342 1,602 2/7,745 1,969 1,494 2,415 749 1,313 52 1,129 138 3,597 31 998 656 998 878 1,181 2,652 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 27,107,943 1657,913 5,938,279 1917,611 2508,574 1911,947 1451,599 5162,008 1252,458 650,544 1049,667 780,326 2827,017 11,463,000 640,000 3,220,000 745,000 1000,000 600,000 385,000 24oo,ooo 355,000 175,000 280,000 283,000 1380,000 191,182 6,385 7,360 3,650 26,748 — — 3,310 24,725 38,519 — 80,485 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 28,274,182 1846,385 6,127,360 1948,650 2550,000 1976,748 1485,000 5300,000 1333,310 699,725 1118,519 808,000 3080,485 l/ After deducting $352,994,000 participations of other Federal Reserve Banks. 2/ After deducting $18,510,000 participations of other Federal Reserve Banks.
@FedFRASER