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BOARD OF GOVERNOR^ OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) Odtober 15, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended October 14, Member bank reserves increased $254 m i l l i o n . The p r i n c i p a l changes supplying reserves were decreases of $176 m i l l i o n in Treasury deposits with Federal Reserve Banks, $23 million in Foreign deposits with Federal Reserve Banks, and $13 m i l l i o n i n Treasury cash holdings, and an increase of $84 million 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 change was an increase of $38 m i l l i o n in Money i n circulation. The increase of $84 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 increases of $79 m i l l i o n i n Float and $15 million in U. S. Government s e c u r i t i e s held under repurchase agreement, and a decrease of $10 m i l l i o n in Loans, discounts and advances. Member Bank Reserves and Related Items Oct. 14, 1953 Change since Oct. 7, Oct. 15 1953 1952 (In millions 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 Treasury currency outstanding 25.348 15 274 685 26,322 22,128 4,873 Money in c i r c u l a t i o n 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) 30,412 1,271 348 461 375 899 + 38 - 13 -176 - 23 + 5 + 795 5 + 136 - 214 + 196 + 18 Member bank reserves 19,557 +254 -1,056 18,709 848 - 78 +332 -1,380 + 324 775 495 +131 + 83 + 63 - 692 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 + + + 15 10 79 84 - - + 1 +1,685 + 15 - 502 - 202 + 997 -1,213 + 86 U. S. Government s e c u r i t i e s held in-custody by the Federal Reserve Banks f o r f o r e i g n account were $2,657 m i l l i o n , an increase of $11 m i l l i o n f o r the week and an increase of $383 m i l l i o n from the comparable date a year ago. H.4,l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) Change since October 14, October 7, October 15, 1952 195? mi— 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 reserves Other cash Discounts and advances I n d u s t r i a l loans U. S. Government s e c u r i t i e s : Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government s e c u r i t i e s 2,056,312 5,851,541 13,773,671 3,666.150 25,347,674 15.000 25,362,674 Total loans and s e c u r i t i e s Due from foreign banks F, R, notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 25,636,821 22 165,446 4,517,269 50,081 191.653 51,852,528 20,093,102 859,267 20,952,369 338,867 271,475 2,672 + 12,000 - 1,335,002 + 11,862 - 1,186,960 9,500 + 16,842 + 500,179 + + 1,690,112 850,825 —« — — — — —— + + + + + 15.000 15,000 + 4,983 + - —— + + + + 5,758 1,107,748 52 10.061 1,138,448 - + 39,703 19,557,272 348,423 461,100 374.980 20,741,775 3,831,921 22,363 50,734,515 + 254,031 175,844 22,556 S167 60,798 1,028,581 1,378 1,130,460 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 261,838 584,676 27,543 243.956 51,852,528 25,612 3,398 1,621 — —— 26,138,456 44,7% 148,042 9,880 137 L I A B I L I TJ_E_ Federal Reserve notes Deposits: Member bank—reserve accounts U. S. Treasurer—general account Foreign Other Total deposits 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 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 f o r foreign correspondents I n d u s t r i a l loan commitments + 138 - + + + + + + - + + + — + - + - + - 98 + 7,890 1,138,448 + + + + . — mm + .1% 43 8 80 + — 855.825 1,685,112 15.000 1,700,112 1,198,312 1 4,559 296,772 4,422 64.362 195,236 750,808 1,055,529 135,934 213,691 195.995 937,291 95,262 4,510 277,235 13,967 46,334 21.698 195,236 - 2.3% + 11,440 2,562 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 14. 1953 (Securities held under repurchase agreement a r e 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 t o 1 year Over 1 year t o 5 years Over 5 years t o 10 years Over 10 years Total Discounts and advances 235,322 32,253 3,900 271,475 Industrial loans 552 1,138 904 78 2,672 U. S, Government securities 414,404 9,148,658 6,558,091 6,452,264 1,374,400 1.414.857 25,362,674 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 14, 1953 (In thousands of d o l l a r s ) H.4.1(b) ASSETS Total Gold c e r t i f i c a t e s Redemption fund f o r F. R. notes Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 20,093,102 1021,742 5,426,889 1219,121 1731,465 1091,240 878,250 3650,025 822,801 463,767 774,158 651,376 2362,268 Total gold c e r t i f i c a t e reserves 20,952,369 1075,875 5,574,913 1280,507 1815,342 1168,224 938,213 3793,138 872,704 489,546 813,980 16,785 5,666 7,129 9,318 98 10,653 25,597 86,512 121,939 105,179 355,396 346,996 299,300 1011,334 246,180 816,779 704,509 2380,531 579,472 217,403 187,520 633,628 154,238 1503,117 1296,508 4380,889 1066,402 50,752 144,422 339,948 90,484 625,606 338,867 Other cash Discounts and advances 271,475 2,672 I n d u s t r i a l loans U . S . Govt, s e c u r i t i e s : Bought outright— 2,056,312 Bills Certificates 5,851,541 Notes 13,773,671 3,666,150 Bonds Total 25,347,674 Held under repurchase agreement 15,000 24,410 5,822 79,343 21,065 22,057 4,625 1,956 21,194 20,994 — 113,229 529,351 123,901 174,559 322,209 1,506,351 352,579 496,731 758,433 3,545,729 829,919 1169,233 201,873 943,770 220,900 311,216 1395,744 6,525,201 1527,299 2151,739 — 15,000 — 14,777 11,428 80 ™ 28,877 64,572 22,251 100,969 538 — ~ — 682,200 2447,727 10,357 38,348 38,713 5,392 81,683 224,191 89,620 255,028 232,441 637,970 600,298 547,132 1501,688 159,782 145,630 399,706 HU4,Y2« iuuo,et$b %% "*• . Total U. S. Government securities 25,362,674 1395,744 6,540,201 1527,299 2151,739 1503,117 1296,508 4380,889 1066,402 625,606 1104,728 1006,886 2763,555 Total loans and securities 25,636,821 1401,566 Due from f o r e i g n banks 22 1 F.R.notes of other banks 165,446 4,820 Uncollected cash items 4,517,269 384,640 Bank premises 50,081 5,100 Other a s s e t s 191,653 12,026 TOTAL ASSETS 6,561,266 1533,880 2172,733 1514,625 1319,297 4481,858 1072,068 635,022 1130,325 1045,234 2768,947 1 / 6 2 2 1 25,742 11,251 8,132 18,167 903,621 264,533 390,079 398,922 7,091 4,440 4,536 4,783 48,418 11,110 16,511 11,186 1 3 1 1 1 i , 18,813 18,586 8,725 11,057 7,955 7,348 24,850 295,646 751,259 199,467 123,277 208,861 206,426 390,538 3,631 6,744 2,921 1,031 2,150 598 7,056 10,590 31,780 7,735 4,672 9.020 8,113 20,492 51,852,528 2908,438 13,200,400 3127,780 4428,529 3130,685 2615,068 9147,940 2180,406 1271,735 2182,945 1960,277 5698,325 1 / After deducting #16,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 14, 1953 (In thousands of dollars) H.4.1(c) L I A B I L I T IBS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 26,138,456 1605,986 5,735,174 1846,292 2426,826 1845,696 1390,938 5038,761 1190,170 642,071 1015,982 741,306 2659,254 Federal Reserve notes Deposits: Member bank-reserve a c c t s . 19*557>272 821,746 5,879,236 901,112 1505,924 824,181 871,810 3248,060 731,409 450,974 915,072 930,147 2477,601 24,409 20,069 32,738 33,135 34,598 28,430 27,405 25,501 43,9^1 17,856 31,328 29,013 U.S.Treasurer-general a c c t . 348,423 45,862 19,518 62,184 17,248 11,348 17,248 20,426 461,100 27,688 1/141,OftL 34,043 41,759 22,695 Foreign 2,779 812 8,584 541 612 33,362 4,898 2,517 Other 374,980 6,377,168 954,323 1583,909 878,406 769,367 243,792 313,281 345,114 927,242 3345,654 785,671 491,100 244,105 603,869 158,040 107,742 957,270 971,254 2589,563 164,677 195,499 335,018 Total deposits Deferred a v a i l , cash items Other l i a b i l i t i e s and accrued dividends 20,741,775 880,215 3,831,921 351,417 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,734,515 2838,685 12,888,942 3045,571 4326,052 3070,297 2563,313 8991,638 2134,699 1241,619 2138,791 1908,945 5585,963 261,838 14,238 81,570 17,840 24,851 11,391 11,043 33,869 8,991 5,853 10,022 13,210 28,960 584,676 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 2,140 243,956 16,042 55,066 16,302 22,556 16,400 14,147 36,376 12,567 8,059 11,070 11,434 23,937 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 22,363 1,067 7,233 1,164 2,036 1,081 1,028 3,354 818 706 862 886 2,128 51,852,528 2908,438 13,200,400 3127,780 4428,529 3130,685 2615,068 9147,940 2180,406 1271,735 2182,945 1960,277 5698,325 25,612 3,398 1,563 2/ 7,554 1,921 1,560 2,357 748 1,281 52 1,101 138 3,509 30 973 64o 973 870 1,153 2,587 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 Eligible 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 27,076,094 1655,556 5,941,089 1917,762 2506,563 1915,424 1452,724 5151,879 1238,729 654,262 1046,628 776,697 2818,781 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 78,007 5,395 17,375 4,100 — 10,578 5,400 9,143 25,331 — 685 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 28,161,007 1845,395 6,137,375 1949,100 2550,000 1960,578 1485,000 5300,000 1335,400 684,143 1105,331 808,000 3000,685 1/ A f t e r deducting $319,999,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 2/ After deducting $18,058,000 p a r t i c i p a t i o n s of other Federal Reserve Banks.
@FedFRASER