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BtiAM) <$ GOV^fikDRS d!P W g FEDERAL RESERVE StSTEM (For Immediate Release) September 10, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended September 9; Member bank reserves decreased $221 million. The principal changes reducing reserves were increases of $239 million in Money in circulation, $33 million in Treasury deposits with Federal Reserve Banks, $31 million in Foreign deposits with Federal Reserve Banks, and $30 million in Other deposits with Federal Reserve Banks. The principal offsetting change was an increase of $108 million in Reserve Bank credit. The increase of $108 million in Reserve Bank credit resulted from increases of $100 million in Loans, discounts and advances, $39 million in U. S. Government securities held under repurchase agreement, and $20 million in U. S. Government securities bought outright, and a decrease of $51 million in Float. Holdings of U. S. Government securities bought outright reflected an increase of $20 million in bills. Member Bank Reserves and Related Items Reserve Bank credit: U. S. Government securities-Bought outright Held under repurchase agreement Loans, discounts and advances Float Total Gold stock Treasury currency outstanding Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net) Member bank reserves Required reserves (estimated) Excess reserves (estimated) Daily averages for period-Estimated excess reserves of member banks Member bank borrowings at F. R. Banks Sept. 9, Change since Sept. 2, Sept 10, 1953 1952 (in millions of dollars) 25,034 92 494 559 26,179 22,178 4,865 + 20 + 39 +100 - 51 +108 3 ?;$ 574 569 363 859 t23? + 33 + 31 + 30 19,104 -221 i 18,722 j31 -174 38e- 73 - 47 701 802 +115 +296 +1,918 21 - 390 - 200 +1,307 -1,166 + 89 +1,115 5 + 227 - + + 220 204 144 -1,236 - 827 - 409 50 - 313 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,576 million, a decrease of $16 million for the week an increase of $438 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) 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 outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. 3. Government securities Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 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 CAPITA L ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F, R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments Change since Sept. 10, Sept. 2, 1952 1953 Sept. 9, 1953 20,140,101 849.967 20,990,068 308,054 490,873 2,784 1,742,304 4,995,716 13,773,671 4.521.975 25,033,666 92.500 25.126.166 + + 9,999 12.698 2,699 26,887 99,439 74 + 20,000 + • •«- - - — + - + 159,013 - 26,173,941 + 198,542 19,104,105 573,537 568,948 363.392 20,609,982 2,689,119 19.398 49,492,440 - 221,042 32,853 30,691 30.477 127,021 127,074 777 54,776 261,342 584,676 27,543 205.281 50,571,282 — + - - + — + •«» + + - 6,426 178,099 16 8.259 46,823 - + — + MB + - + - + 1,305,402 152.308 1,153,094 16,142 388,957 1,829 1,283,304 6,857,500 8,205,598 713.848 1,917,554 20.000 1.897.554 1,506,768 1 22,212 325,837 4,675 67.946 73,789 994,741 1,235,960 226,698 219,664 204.742 1,024,184 125,462 3.683 151,222 + 75 + + 14,871 46,334 + 7,878 46,823 + 16.228 73,789 — — 44.9% 26,373 3,388 + wmmm 25,619,823 22 166,475 3,248,002 49,984 188.854 50,571,282 + — — — 20,000 39.500 59.500 + - - + + + + + + — — — + - - 1,050 62 + - 2.k% 17,254 2,781 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. SEPT. 9. 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 469,275 21,537 61 ' 490,873 Industrial loans 556 732 965 531 2,784 U. S. Government securities 1,344,925 8,837,454 5,702,266 6,452,264 1,374,400 1.414.857 25,126,166 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OK SEPTEMBER 9, 1953 (in thousands of dollars) E.4.1(b) ASSETS Total Gold certificates Re F?mR?1notesIld f ° r Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 20,140,101 1066,304 5,375,465 1245,495 1768,269 1083,282 877,921 3719,507 802,631 503,434 782,851 692,876 2222,066 SZl9.967 4.755 140.276 60.569 84.773 81.924 T °reserves c e r t l i ' i c a t e 20,990,068 1121,059 5,515,741 1306,064 1853,042 1165,206 '60.572 134.013 50.216 2%m. b£U 21*241 938,493 3853,520 852,847 529,310 822,877 723,917 2307,992 Other cash 308,054 25,579 62,418 19,108 20,857 13,916 24,208 68,264 15,364 4,675 10,860 10,938 31,867 Discounts and advances 490,873 6,605 85,995 16,332 27,050 16,568 24,115 80,885 7,275 9,800 47,892 18,071 15 ,2 5 Industrial loans 2,784 — — 2,048 — 100 531 — — 105 ~~ U. S. Govt, securities: Bought outright— . Bills 1,742,304 95,939 448,518 104,981 147,903 103,318 89,117 301,126 73,300 43,002 75,935 69,209 189,956 Certificates 4,995,716 275,084 1,286,037 301,012 424,081 296,246 255,526 863,420 210,175 123,299 217,728 198,445 544,663 K Z %-SS ?•%:% S - 5 ? ^ a - g ' S - S M ° Total 25,033,666 1378,454 6,444,367 1508,379 2125,083 1484,496 1280,447 4326,619 1053,191 617,856 1091,042 994,412 2729,320 Held under repurchase agreement 92.500 -— 92.500 — — — — — ~~ ~"* • * — Total U. S. Government securities 25.126.166 1378.454 6.536.867 1508.379 2125.083 1484.496 1280.447 4326^619 1053.191 617.856 1091.042—994*41% 2729,320 Total loans and securities 25,619,823 1385,059 6,622,862 1526,759 2152,133 1501,164 1305,093 4407,504 1060,466 627,761 1138,934 1012,483 2879,605 Due from foreign banks 22 1 F.R.notes of other banks 166,475 4,118 Uncollected cash items 3 248,002 269,621 ^he/asSts8 TOTAL ASSETS ; lI:E% l/ 6 2 2 1 1 3 1 26,552 10,925 7,159 19,060 19,440 18,105 9,443 642,209 203,281 269,337 306,008 216,902 492,520 146,331 4 ^ 6 ll:^5 A l g 10^8 3l:539 7^99 1 1 1 % 15,887 6,957 7,417 21,412 95,343 167,331 141,879 297,240 4:B lisZ 7,941 2 0 ^ $0,571,282 2821,731 12,924,113 3081,552 4323,784 3021,387 2518,163 8878,204 2095,070 1278,631 2158,023 1905,178 5565,446 l/ After deducting $16,000 participations of other Federal Reserve Banks. H.4.1(d) L I A B I L I T I E S STATEMENT' Or 'COKBHiO?^ OF T3E FEDERAL RESERVE BASKS ON SEPTEfflER 9, 1953 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mple. Kans.Cy. Dallas SanFran. 26,173,9^1 1606,270 5,752,670 1855,075 2435,752 1825,536 1383,453 5047,181 1181,682 639,381 1019,245 738,73b 2688,960 Federal Reserve notes Deposits: Member bank-reserve accts. 19,104,105 819,199 5,767,359 894,721 1470,167 804,491 837,773 3164,842 684,574 469,412 885,340 928,875 2377,352 U.S.Treasurer-general acct 573,537 36,830 94,060 37,184 40,463 44,459 40,842 68,728 34,610 42,619 48,551 39,645 45,546 56,549 21,269 13,993 21,269 25,187 568,948 34,142 1/174,338 41,978 51,492 27,985 24,067 76,679 Foreign 1,467 33,961 663 1,339 7,282 1,396 2,702 363,392 4,078 298,749 l,c6o 7,167 3,528 Other 20,609,982 894,249 6,334,506 974,9^3 1569,289 880,463 Total deposits Deferred avail, cash items 2,689,119 252,233 530,017 170,674 217,629 256,169 Other liabilities and 962 1,954 987 accrued dividends 19,398 1,175 5,765 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 903,345 3311,588 747,735 527>20 957,862 995A74 2513,408 180,573 367,358 120,713 81,845 137,715 120,727 253,466 909 3,021 754 737 720 720 1,694 49,492,440 2753,927 12,622.958 3001,654 4224,624 2963,155 2468,280 8729,148 2050,884 1249,383 2115,542 1855,357 5457,528 8,971 5,842 10,015 13,165 28,883 261,342 14,235 81,539 17,797 24,808 11,383 11,026 33,678 54,064 29,248 25,803 84,628 23,628 15,131 21,925 25,381 57,325 584,67b 36,462 167,503 43,578 521 1,073 1,137 1,307 2,140 762 1,429 4,489 1,006 3,349 27,543 3,011 7,319 7,202 9,404 9,968 19,570 205,281 14,096 44,794 14,034 19,282 14,252 12,292 29,321 11,066 50,571,282 2821,731 12,924,113 3081,552 4323,784 3021,387 2518,163 8878,204 2095,070 1278,631 2158,023 1905,178 5565,446 26,373 3,388 1,609 2/7,779 1,978 1,662 2,427 749 1,319 52 1,134 3,613 39 1,002 659 1,002 1,187 2,664 FEDERAL RESERVE AGENTS' ACCOUNTS 7,121,089 1652,243 5,947,752 F. R. notes outstanding Collateral for F.R. notes: 11,518,000 640,000 3,220,000 Gold certificates 65,895 Eligible paper 312,452 6,605 2,800,000 U. S. Govt, securities 16,320,000 1200,000 Total collateral 28,150,452 1846", 605 6,085,895 1916,827 2513,832 1906,772 1449,275 5172,408 1252,485 651,853 1048,621 777,295 2831,726 745,000 1000,000 580,000 360,000 2500,000 355,000 175,000 280,000 283,000 1380,000 -142,285 9,800 47,892 16,332 -16,568 -7,075 1200,000 1550,000 1350,000 1100,000 2700,000 975,000 500,000 800,000 525,000 1620,000 1961,332 2550,000 1946,568 1460,000 5200,000 1337,075 684,800 1127,892 808,000 3142,285 1/ After deducting $394,589,000 participations of other Federal Reserve Banks. 2/ After deducting $18,594,000 participations of other Federal Reserve Banks.
@FedFRASER