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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) October 29, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended October 28, Member bank reserves decreased $233 million. The principal changes reducing reserves were increases of $114 million in Treasury deposits with Federal Reserve Banks, $12 million in Treasury cash holdings, and $10 million in Foreign deposits with Federal Reserve Banks and a decrease of $128 million in Reserve bank credit. The principal offsetting change was a decrease of $37 million in Money in circulation. The decrease of $128 million in Reserve Bank credit resulted from a decrease of $227 million in Float and an increase of $99 million in Loans, discounts and advances. Member Bank Reserves and Related Items Oct. 28, 1953 Change since Oct. 21, Oct. 29 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 362 599 26,309 22,077 4,874 + 99 -227 -128 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) 30,268 1,282 644 471 366 895 - 37 + 12 +114 + 10 + 8 - 2 + + + Member bank reserves 19,334 -233 -1,115 18,798 536 + 18 -251 -1,177 + 62 734 292 -224 + 49 + Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks 25,348 " - - - +1,724 - 813 - 107 + 8o4 -1,263 + 84 + 728 7 56 184 130 18 200 846 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,677 million, an increase of $10 million for the week and an increase of $379 million from the rornpa x'oble 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 28, October 21, October 29, 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 outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 20,043,102 853,889 20,896,991 336,553 359,090 2,661 - + + 2,056,312 5,851,541 13,773,671 3,666,150 25,347,674 1,379,999 143,436 - 1,236,563 + 7,760 811,613 — 1*549 + — + + — — - 1,724,112 855,825 — + 855,825 1,724,112 + 1,724,112 + 3,404 564,451 + 106 + 10,032 + 459,738 910,950 1 3,794 48,900 4,440 65,796 202,512 + 667,164 25,347,674 25,709,425 22 175,132 3,717,285 50,036 211,152 51,096,596 Total loans and securities Due from foreign banks F. R, notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 2,732 2,732 1,830 99,010 83 + 99,093 — - + - 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 19,334,392 643,566 470,970 365,672 20,814,600 3,117,885 22,149 49,962,233 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 262,702 + 584,676 27,543 259,442 + 51,096,596 — 679 + 14,554 46,334 7,678 459,738 + 23,578 202,512 + ,1% Ratio of gold certificate reserves to deposit and F. R, note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 26,007,599 44.6# 22,739 3,443 — + + + - + — — - 29,573 232,889 - 1,114,973 55,407 113,257 + 10,382 183,559 8,016 + 129,637 101,234 - 1,113,488 155,576 337,636 + 348 + 3,770 — 286,978 468,095 — - — 1,904 35 *• 2.2# - - 7,205 453 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 26, 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 320,397 38,583 110 — — — 359,090 Industrial loans 583 1,067 934 77 ~~ — 2,661 U, S« Government securities 360,250 9,187,812 6,558,091 6,452,264 1,374,400 1,414.857 25,347,674 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 28, 1953 (in thousands of dollars) A S S E T S Total Gold certificates Redemption fund for F. R. notes Boston 20,043,102 1050,825 853,889 53,853 Total gold certificate reserves 20,896,991 1104,678 New York Phila. Cleve. Rich. 5,349,437 1254,483 1760,022 1071,133 147,110 60,877 83,463 74,906 5,496,547 1315,360 1843,485 1146,039 Other cash 336,553 27,415 71,502 Discounts and advances 359,090 3,522 32,995 Industrial loans 2,661 — — U. S. Govt, securities: Bought outright— Bills 2,056,312 113,229 529,351 Certificates 5,851,541 322,209 1,506,351 Notes 13,773,671 758,433 3,545,729 Bonds 3,666,150 201,873 943,770 Total 25,347,674 1395,744 6,525,201 Held under repurchase 25,256 6,570 1,915 21,634 19,619 — 17,252 21,328 80 Atlanta Chicago St.Louis 848,083 3694,952 59,733 Mpls. Kans.Cy. 797,422 451,329 775,616 142,713 49,791 25,692 39,739 907,816 3837,665 847,213 477,021 815,355 16,788 24,041 — 7,090 22,278 97 11,412 25,983 — 28,788 36,636 569 123,901 174,559 121,939 105,179 352,579 496,731 346,996 299,300 829,919 1169,233 816,779 704,509 220.900 311.216 217.403 187.520 1527,299 2151,739 1503,117 1296,508 57,495 90,319 — Dallas SanFran. 673,237 2316,563 30,745 85,267 703,982 2401,830 12,646 31,707 — 39,275 44,092 — 355,396 86,512 50,752 89,620 81,683 224,191 1011,334 246,180 144,422 255,028 232,441 637,970 2380,531 579,472 339,948 600,298 547,132 1501,688 633,628 154,238 90,484 159,782 145,630 399,706 4380,889 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 25,709,425 1399,266 6,558,196 1535,784 2171,358 1524,525 1333,713 4471,208 1090,443 Due from foreign banks 22 F.R.notes of other banks 175,132 Uncollected cash items 3,717,285 Bank premises 50,036 Other assets 211,152 TOTAL ASSETS 1 4,372 282,717 5,077 12,542 1/ 6 28,558 684,588 7,091 52,728 2 2 1 10,518 9,479 23,961 225,033 328,382 306,367 4,434 4,526 4,766 12,357 18,607 12,386 1 3 1 19,751 18,660 8,683 249,695 639,623 177,319 3,624 6,738 2,919 11,622 35,447 8,618 647,981 1130,711 1038,593 2807,647 1 1 11,352 8,174 103,450 191,086 1,028 2,150 5,086 9,928 1 7,633 170,976 598 8,992 2 23,991 358,049 7,085 22,839 51,096,596 2836,068 12,899,216 3128,744 4397,473 3035,297 2555,010 9066,839 2151,984 1253,009 2168,817 1943,421 5660,718 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 OP CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 28, 1953 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 26,007,599 1585,944 5,698,962 1840,310 2418,558 1840,772 1385,436 5026,820 1193,332 639,112 1008,739 737,747 2631,867 Deposits: Member bank-reserve accts. 19,334,392 840,324 5,795,199 917,056 1507,095 808,474 846,400 3133,451 715,697 443,491 902,020 949,356 2475,829 U.S.Treasurer-general acct 643,566 41,289 87,995 57,943 39,457 42,657 32,673 180,563 29,491 30,179 34,603 27,542 39,174 Foreign 470,970 28,091 1/146,296 34,538 42,366 23,025 19,802 63,089 17,499 11,513 17,499 20,723 46,529 Other 365,672 808 * ^ " « Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,814,600 914,349 6,329,837 1011,388 1594,152 876,227 899,683 3378,311 772,028 489,024 3,117,885 264,221 548,273 192,630 278,747 255,914 216,342 498,507 139,514 93,743 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,962,233 2765,554 12,583,691 3045,487 4293,654 2974,005 2502,523 8907,078 2105,672 1222,527 2123,927 1891,466 5546,649 262,702 14,239 81,586 17,985 24,862 11,424 11,050 34,483 8,995 5,853 10,023 13,229 28,973 584,676 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 2,l4o 1,307 259,442 16,802 59,117 17,205 23,887 17,271 14,872 39,221 13,168 8,425 11,805 12,038 25,631 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 22,149 1,040 6,619 1,159 2,197 1,092 1,062 3,440 798 955,018 998,943 2595,640 159,313 153,739 316,942 648 857 1,037 2,200 51,096,596 2836,068 12,899,216 3128,744 4397,473 3035,297 2555,010 9066,839 2151,984 1253,009 2168,817 1943,421 5660,718 22,739 3,443 1,381 2/ 6,783 1,697 1,607 2,082 748 1,132 52 973 136 3,101 30 860 566 860 870 1,018 2,286 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 27,077,133 1664,110 5,934,652 1923,568 Collateral for F.R. notes: Gold certificates 11,463,000 640,000 3,220,000 745,000 Eligible paper 164,578 3,095 24,480 6,045 U. S. Govt, securities 16,620,000 1200,000 2,900,000 1200,000 Total collateral 28,247,578 1843,095 6,144,480 1951,045 2502,346 1921,745 1460,575 5140,401 1246,814 652,837 1045,149 780,626 2804,310 1000,000 600,000 385,000 2400,000 355,000 175,000 280,000 283,000 1380,000 — 20,978 — — 23,775 22,103 25,717 38,385 1550,000 1350,000 1100,000 2900,000 975,000 500,000 800,000 525,000 1620,000 2550,000 1970,978 1485,000 5300,000 1353,775 697,103 1105,717 808,000 3038,385 l/ After deducting $324,652,000 participations of other Federal Reserve Banks. 2/ After deducting $15,956,000 participations of other Federal Reserve Banks.
@FedFRASER