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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) October 22, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended October 21, Member bank reserves increased $10 million. The principal changes supplying reserves were an increase of $115 million in Reserve Bank credit and decreases of $107 million in Money in circulation, and $17 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $182 million in Treasury deposits with Federal Reserve Banks and a decrease of $51 million in Gold stock. The increase of $115 million in Reserve Bank credit resulted from an increase of $141 million in Float and decreases of $1$ million in U. S. Government securities held under repurchase agreement and $11 million in Loans, discounts and advances. 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 Oct. 21, 1953 Change since Oct. 14, Oct. 22 1953 1952 (In millions of dollars) 25,348 • ~ 263 826 26,437 22,077 4,874 - 15 +1,685 - - - 11 +l4l +115 - 51 + 1 - 871 - 244 + 570 -1,263 + 84 + 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) 30,305 1,270 530 461 358 -107 - 1 +182 897 - 17 - 2 + + Member bank reserves 19,567 + 10 -1,212 18,780 787 + 71 - 61 + 136 958 243 +183 -252 + Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks - - 794 11 - 88 - 223 113 19 -1,348 - 217 651 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,667 million, an increase of $10 million for the week and an increase of $380 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) Change since October21, October 14, October 22, 1953 1953 1952 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 25,347,6.74 Total loans and securities Due from foreign banks F. R, notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 25,610,332 22 178,536 4,281,736 50,142 201.120 51,556,334 - 26,037,172 - 20,043,102 856,621 20,899,723 334,723 260,080 2,578 — 2,056,312 5,851,541 13,773,671 3.666.150 25,347,674 - + - 1,380,002 143,583 1,236+619 10,883 869,949 1,823 + + 1,685,112 855,825 - + 855.825 1,685,112 + 1.685.112 + 813,340 1 7,099 28,695 4,485 65.408 320,708 — — — — 15,000 15.000 + + + 19,567,281 530,309 460,588 , , 357,656 20,915,834 3,455,521 21.801 50,430,328 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 262,023 584,676 27,543 251.764 51,556,334 — 44.5% - + + - + — - + — 26,489 — • 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 24,643 3,478 + mmtmm — Ratio of gold certificate reserves to deposit and F. R, note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 50,000 2.646 52,646 4,144 11,395 94 13,090 235,533 61 9,467 - + + + 296,194 — 101,284 + 10,009 181,886 512 17.324 174,059 376,400 562 304,187 — 185 — — mm - + + + + + 729,195 1,211,578 87,910 223,080 112.593 1,409,975 272,105 4.679 403,996 14,088 46,334 —mm + — + 7.808 296,194 .256 969 80 + — 22.866 320,708 2.056 - + - 10,103 2,449 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 21. 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 221,349 38,731 — — — — 260,080 ~~ Industrial loans 546 993 962 77 — : 2,578 U. S. Government securities 344,554 9,203,508 6,558,091 6,452,264 1,374 400 l'.LlL'.&W 25,347,674 STATEMENT OF CONDITION OF THE FEDERAL KESEtiVE BANKS ON OCTOBER 21, 1953 (in thousands of dollars) H.4.1(b) ASSETS Total Gold certificates 20,043,102 1076,929 Redemption^fund for ^reserves certlflCate Boston 856,621 20,899,723 other cash Discounts and advances Industrial loans U. S. Govt, securities: 53,991 New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,332,058 1231,632 1771,043 1088,409 896,740 3605,307 807,477 457,318 799,316 696,755 2280,118 147,574 61,130 83,652 76,086 59,838 142,891 49,845 25,711 39,775 30,781 85,347 1130,920 5,479,632 1292,762 1854,695 1164,495 956,578 3748,198 857,322 483,029 839,091 727,536 2365,465 334,723 260,080 2,578 Boug^outright-2,056,312 Certificates 5,851,541 Notes 13,773,671 Bonds 3,666,150 Total 25,347,674 Held under repurchase agreement 26,251 2,522 - 74,368 20,370 - 22,171 6,080 1,875 23,943 25,014 - 15,711 17,578 80 26,665 22,476 526 61,337 64,369 - 113,229 529,351 123,901 174,559 121,939 322,209 1,506,351 352,579 496,731 346,996 758,433 3,545,729 829,919 1169,233 816,779 201,873 943,770 220,900 311,216 217,403 1395,744 6,525,201 1527,299 2151,739 1503,117 105,179 299,300 704,509 187,520 1296,508 355,396 1011,334 2380,531 633,628 4380,889 16,360 10,891 - 6,524 19,818 97 10,389 21,093 - 11,571 43,477 - 39,433 6,392 86,512 50,752 89,620 81,683 224,191 246,180 144,422 255,028 232,441 637,970 579,472 339,948 600,298 547,132 1501,688 154,238 90,484 159,782 145,630 399,706 1066,402 625,606 1104,728 1006,886 2763,555 Total U. S. Government securities 25,347,674 1395,744 6,525,201 1527,299 2151,739 1503,117 1296,508 4380,889 1066,402 625,606 1104,728 1006,886 2763,555 Total loans and securities , 25,610,332 1398,266 6,545,571 1535,254 2176,753 1520,775 1319,510 4445,258 1077,293 645,521 1125,821 1050,363 2769,947 Due from foreign banks 22 l l / 6 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 178,536 7,103 33,223 11,738 8,909 21,593 16,432 19,002 8,546 10,931 7,323 8,543 25,193 Uncollected cash items 4*281,736 350,076 812,104 256,816 376,010 349,359 284,757 727>404 189,494 118,788 224,670 205,672 386,586 Bank premises 50,142 5,101 7,091 4,440 4,536 4,784 3,638 6,744 2,921 1,031 2,150 598 7,108 Other assets 201.120 11.959 50.696 11.667 17.412 11.630 11.157 33.861 8,144 4,870 9,498 8,634 21,592 TOTAL ASSETS 51,556,334 2929,677 13,002,691 3134,850 4462,260 3088,348 2618,738 9041,807 2160,081 1270,695 2218,943 2012,918 5615,326 1/ After deducting $16,000 participations of other Federal Reserve Banks, H.4.1(c) LIABILI TIES STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BANKS ON OCTOBER 21, 1953 (In thousands of dollars) Total Boston Federal Reserve notes 26,037,172 1594,450 Deposits: Member bank-reserve accts. 19,567,281 903,451 U.S.Treasurer-general acct. 530,309 34,407 Foreign 460,588 27,761 5,555 Other 357,656 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,702,448 1840,658 2421,110 1836,381 1385,424 5034,803 1190,030 641,369 1009,879 738,631 2641,989 5,861,083 915,274 1525,355 824,721 867,716 3144,570 721,149 452,521 928,912 986,639 2435,890 44,068 98,279 27,793 28,522 31,907 35,763 13,989 72,758 45,215 50,775 46,833 20,480 45,984 11,378 17,294 19,569 62,349 17,294 1/139,722 34,133 41,869 22,755 286,770 1,756 6,530 4,536 4,010 1,618 9,639 971 764 34,095 Total deposits 2529,958 20,915,834 971,174 6,360,333 996,378 1624,529 898,845 935,363 3306,816 775,875 493,833 979,084 1043,646 : Deferred avail. cash items 3,455,521 292,913 619,281 213,860 311,394 291,308 244,870 539,148 147,440 104,587 184,648 178,009 328,063 Other liabilities and 2,110 610 accrued dividends 982 2,044 966 3,296 21,801 1,150 731 990 1,005 7,142 775 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 50,430,328 2859,542 12,689,204 3052,046 4359,077 3027,524 2566,623 8884,063 2114,076 1240,399 2174,386 1961,268 5502,120 262,023 14,239 81,571 17,982 24,862 11,391 11,043 33,881 8,995 5,853 10,023 13,226 28,957 584,676 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 251,764 16,423 57,094 16,755 23,251 16,836 14,507 37,8o6 12,861 8,239 11,472 11,736 24,784 51,556,334 2929,677 13,002,691 3134,850 4462,260 3088,348 2618,738 9041,807 2160,081 1270,695 2218,943 2012,918 5615,326 24,643 3,478 1,503 2/ 7,270 1,848 1,639 2,267 748 1,232 52 1,059 138 3,376 30 937 616 937 871 1,109 2,489 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 27,106,062 1652,704 5,957,863 1919,407 2507,845 1920,530 1458,281 5152,427 1249,575 653,144 1042,030 777,092 2815,164 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 91,538 2,095 14,880 5,555 --17,228 — --10,625 19,643 20,827 --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 28,174,538 1842,095 6,134,880 1950,555 2550,000 1967,228 1485,000 5300,000 1340,625 694,643 1100,827 808,000 3000,685 1 / After deducting $ 3 2 0 , 8 4 5 , 0 0 0 participations of other Federal Reserve Banks. 2 / After deducting $ 1 7 , 3 7 3 , 0 0 0 participations of other Federal Reserve Banks.
@FedFRASER