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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) September 24, 1953 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended September 23, Member bank reserves decreased $285 million. The principal changes reducing reserves were increases of $263 million in Treasury deposits with Federal Reserve Banks and $36 million in Foreign deposits with Federal Reserve Banks, and a decrease of $236 million in Reserve Bank credit. The principal offsetting changes were decreases of $125 million in Money in circulation and $122 million in Other deposits with Federal Reserve Banks. The decrease of $236 million in Reserve Bank credit resulted from decreases of $130 million in Float, $123 million in U. S. Government securities held under repurchase agreement, and $82 million in Loans, discounts and advances, and an increase $101 million in U. S. Government securities bought outright. Holdings of U. S. Government securities bought outright reflected an increase of $101 million in bills. Member Bank Reserves and Related Items Sept. 23, 1953 Change since Sept. 16, Sept. 24, 1952 1953 (In millions of dollars) Reserve Bank credit: U. S. Government securities-Bought outright Held under repurchase agreement Loans, discounts and advances Float Total pold stock Treasury currency outstanding 231 813 26,228 22,179 4,869 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) 30,210 1,277 619 543 259 881 Member bank reserves 19,486 -285 18,831 655 - 22 -263 - 25 955 227 +172 - 139 55 Required reserves (estimated) Excess reserves (estimated) Daily averages for period— Estimated excess reserves of member banks Member bank borrowings at F. R. Banks 25,185 — +101 -123 - 82 -130 -236 + + 1 1 -125 - 1 +263 + 36 -122 - 1 -314 +1,470 - - - 174 + 75 +1,371 -1,164 + 88 + + + 963 3 355 + 155 - 185 + 98 -1,095 -1,070 U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,621 million, an increase of $19 million for the week and an increase of $410 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 Sept. 16, Sept. 24, 1953 1952 Sept. 23, 1953 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 25,184,674 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 25,415,537 22 207,520 4,140,557 50,089 183.533 51,332,717 - 25,982,815 - 20,121,101 866,180 20,987,281 348,178 227,888 2,975 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 261,469 584,676 27,543 220,666 51,332,717 + 101,008 + - + - + " + 101,008 123.350 22,342 + + 1,470,112 104,903 + + 1,296,371 1 11,182 277,811 4,406 77.764 355,704 + 897,639 - + — - • — + - - — + - + — + + — — + + 44.8% + 25,343 3,220 - — - 14,727 709,457 17 8.470 783,008 + + + - 104,189 285,597 262,900 36,032 121,358 108,023 578,919 396 790,735 + 1,094,970 354,910 185,000 98,220 826,840 202,665 2,517 275,981 — — + + 14,727 46,334 7,654 783,008 + + 18,662 355,704 + — 1,331,501 171,859 1,159,642 3,341 172,255 1,486 1,475,112 6,640,925 8,205,598 1,569,673 1,470,112 — — 19,485,565 618,890 543,180 259,334 20,906,969 3,327,900 20,679 50,238,363 + 99 8 1,842 844 9,016 82,879 318 * 1,893,312 5,851,541 13,773,671 3,666,150 25,184,674 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 + - • 73 .2% 309 282 + - + - + + - + - 2.5% 12,468 3,099 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 23, 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 212,364 ~ 15,515 9 227,888 Industrial loans 1,491 57 937 490 2,975 U. S. Government securities 536,400 8,848,662 6,558,091 6,452,264 1,374,400 1.414.857 25,184,674 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 23, 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 20,121,101 1056,012 866.180 54.604 Total gold certificate reserves 20,987,281 1110,616 Other cash 348,178 Discounts and advances 227,888 Industrial loans 2,975 U. S. Govt, securities: Bought outright— Bills 1,893,312 Certificates 5,851,5a Notes 13,773,671 Bonds 3,666,150 Total 25,184,674 Held under repurchase 26,848 1,600 New York Phila. Cleve. Rich. Atlanta Chicago St,Louis Mpls. Kans.Cy. 5,395,258 1263,791 1777,577 1057,438 895,252 3605,878 793,422 457,833 149.564 60.238 84.533 80.340 5,544,822 1324,029 1862,110 1137,778 71,917 13,895 — 22,122 5,375 2,212 25,269 12,775 — 15,676 18,148 90 60.385 143.780 50.126 25.854 780,680 39.961 955,637 3749,658 843,548 483,687 820,641 26,519 23,500 570 104,254 487,390 114,079 160,722 112,273 96,842 322,209 1,506,351 352,579 496,731 346,996 299,300 758,433 3,545,729 829,919 1169,233 816,779 704,509 201,873 943.770 220,900 311,216 217,403 187,520 1386,769 6,483,240 1517,477 2137,902 1493,451 1288,171 72,860 85,050 — 16,712 5,140 — 5,587 15,625 103 11,493 26,655 — Dallas SanFran. 704,234 2333,726 30.994 85.801 735,228 2419,527 11,602 16,640 — 41,573 3,485 — 327,225 79,654 46,729 82,516 75,208 206,420 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 4352,718 1059,544 621,583 1097,624 1000,411 2745,784 Total U. S. Government securities' 25,184,674 1386,769 6,483,240 1517,477 2137,902 1493,451 1288,171 4352,718 1059,544 621,583 1097,624 1000,411 2745,784 Total loans and securities 25,415,537 1388,369 6,497,135 1525,064 2150,677 1511,689 1312,241 4437,768 1064,684 637,311 1124,279 1017,051 2749,269 Due from foreign banks 22 1 F.R.notes of other banks 207,520 7,734 Uncollected cash items 4,140,557 314,182 Bank premises 50,089 5,073 Other assets 183,533 10,963 TOTAL ASSETS 1/ 6 2 2 34,078 13,419 10,010 751,048 246,197 365,469 7,109 4,373 4,541 46,070 10,654 15,936 1 1 3 1 1 1 23,250 20,305 21,850 10,290 16,186 9,023 355,567 282,492 721,092 169,592 111,080 210,275 4,803 3,645 6,749 2,919 1,033 2,167 10,660 10,164 30,642 7,414 4,503 8,713 1 2 9,364 32,011 186,412 427,152 602 7,075 7,904 19,910 51,332,717 2863,786 12,952,185 3145,860 4434,013 3059,424 2611,004 9040,622 2115,160 1259,388 2186,592 1968,164 5696,519 ly1 After deducting $16,000 participations of other Federal Reserve Banks. H. 4.1(c) L IA B I L I TIES - STATEMEET" OF1 C O m m O H XF'"THE" FEDERKL RESERVE BANKS ON SEPTEMBER 23; 1953 (In thousands of dollars) Total Boston 25,982,815 1591,076 Federal Reserve notes Deposits: Member bank-reserve accts. 19,485,565 842,009 U.S.Treasurer-general acct. 618,890 37,132 Foreign Other 543,180 259,334 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,708,395 1840,522 2424,730 1825,534 1374,344 5029,864 1174,535 637,3** 1008,872 728,481 2639,118 449,500 36,404 908,087 34,407 949,196 2465,789 971 1,835 5,899,807 929,665 1494,799 803,567 874,869 3169,490 698,877 32,191 77,398 29,676 44,129 57,706 46,297 135,335 23,147 73,747 20,455 49,524 26,915 32,836 1/163,659 40,373 1,025 982 7,984 1,526 6,482 3,225 4,943 189,076 Total deposits 20,906,969 916,920 6,387,877 1015,693 1608,421 88o,oo4 931,232 3321,617 756,992 Deferred avail, cash items 544,382 207,875 298,409 293,812 253,900 534,127 138,117 3,327,900 286,012 Other liabilities and accrued dividends 924 3,119 750 958 1,947 1,019 6,229 20,679 1,176 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 F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 13,458 20,455 42,833 24,224 615 45,382 54,387 40,670 500,333 964,784 1016,868 2606,228 91,221 168,992 171,487 339,566 901 799 937 1,920 50,238,363 2795,184 12,646,883 3065,048 4333,507 3000,369 2560,400 8888,727 2070,394 1229,799 2143,44? 1917,773 5586,832 28,885 261,469 14,235 81,551 17,818 24,847 11,389 11,032 33,708 8,973 5,843 10,020 13,168 23, i6 %:in 220,666 % 14,894 v,m 48,929 14,927 ^ 20,589 15,069 13,007 32,130 i? 11,644 7,542 10,063 10,535 w 21,337 51,332,717 2863,786 12,952,185 3145,860 4434,013 3059,424 2611,004 9040,622 2115,160 1259,388 2186,592 1968,164 5696,519 25,343 3,220 7 1,546 2/ 7,475 1,901 1,494 2,332 749 1,267 1,090 52 3,472 39 963 634 963 886 l,l4o 2,560 FEDERAL RESERVE AGENTS' ACCOUNTS iO 27,10^,644 1651,601 5,960,079 19QQ,289 2511,052 1911,660 1451,318 5162,194 1240,606 649,989 1045,017 776,104 2837,735 280,000 283,000 1380,000 485 26,655 80CX000 525,000 1620,000 28^169^828 1841,600 6,133,850 1950,375 2550,000 1968,148 1485,000 5300,000 1335,090 690,625 1106,655 008,000 3000,485 11,463,000 640,000 3,220,000 745,000 1000,000 600,000 385,000 2400,000 355,000 175,000 15,625 18,148 5,090 1,600 13,850 86,828 5,375 500,000 975,000 16,620,000 1200^000 2,900,000 1200,000 1550,000 1350,000 1100,000 2900,000 1/ After deducting $379,501,000 participations of other Federal Reserve Banks. 2/ After deducting $17,868,000 participations of other Federal Reserve Banks.
@FedFRASER