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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H *4*l (For Immediate Release) February 5, 1953, CONDITION OF THE FEDERAL RESERVE BMKS Member Bank Reserves and Related Items During the week ended February 4> Member bank reserves increased $82 million. The principal changes supplying reserves were an increase of $139 million in Reserve Bank credit and decreases of $73 million in Treasury deposits with Federal Reserve Banks, $50 million in Foreign deposits with Federal Reserve Banks, and $10 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were increases of $65 million in Money in circulation and $33 million in Treasury cash holdings, and a de- crease of $101 million in Gold stock. incr ® as ® of $139 million in Reserve Bank credit resulted from increases of $77 million in Loans, discounts and advances, $43 million in Float, and $19 million in U. S. Government securities. Holdings of U. S. Government securities reflected an increase of $19 million in bills. NOTE} As Thursday, February 12, will be observed as a holiday in many Federal Re- serve Bank and branch cities, the state- ment as of Wednesday of next week will be issued on Friday, February 13, Member Bank Reserves and Related Items Reserve Bank credit* U, S. Government securities 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 average excess reserves (estimated) F e b . 1+, 1953 Jan. 2d, 1953 Change since Feb. 6, 1952 (In millions of dollars) 23,989 1,388 771 26,11+8 22,935 4,820 29,657 1,331 672 562 326 770 20,584 20,046 538 470 + 19 + 77 + 43 +139 -101 + 5 65 33 73 50 10 5 82 - 59 +141 -110 +1,375 +1,101 + 17 +2,492 - 55 + 103 +1,279 + 14 + 620 + 100 + 60 + 29 + 436 + 631 - 195 - 18 9 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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  • BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

    H*4*l (For Immediate Release) February 5 , 1953,

    CONDITION OF THE FEDERAL RESERVE BMKS

    Member Bank Reserves and Related Items

    During the week ended February 4> Member bank r e s e r v e s i nc reased $82 m i l l i o n . The p r i n c i p a l changes supplying r e se rves were an i n c r e a s e of $139 m i l l i o n in Reserve Bank c r e d i t and dec reases of $73 m i l l i o n in Treasury depos i t s w i t h Federa l Reserve Banks, $50 m i l l i o n i n Foreign d e p o s i t s w i t h Federal Reserve Banks, and $10 m i l l i o n in Other depos i t s w i th Federa l Reserve Banks. The p r i n c i p a l o f f s e t t i n g changes were i n c r e a s e s of $65 m i l l i o n i n Money in c i r c u l a t i o n and $33 m i l l i o n in Treasury cash h o l d i n g s , and a de-crease of $101 m i l l i o n i n Gold s t o c k .

    i n c r a s o f $139 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 inc reases of $77 m i l l i o n in Loans, d iscounts and advances , $43 m i l l i o n in F l o a t , and $19 m i l l i o n i n U. S. Government s e c u r i t i e s . Holdings of U. S. Government s e c u r i t i e s r e f l e c t e d an i n c r e a s e of $19 m i l l i o n in b i l l s .

    NOTE} As Thursday, February 12 , w i l l be observed as a ho l iday in many Federa l Re-serve Bank and branch c i t i e s , the s t a t e -ment as of Wednesday of next week w i l l be i s s u e d on F r i d a y , February 13,

    Member Bank Reserves and Re la ted Items

    Reserve Bank c r e d i t * U, S . Government s e c u r i t i e s Loans, d i scoun t s and advances F loa t

    Total Gold s tock Treasury currency ou t s t and ing

    Money in c i r c u l a t i o n Treasury cash hold ings Treasury d e p o s i t s wi th F . R. Banks Foreign d e p o s i t s w i t h F. R, Banks Other d e p o s i t s w i th F. R. Banks Other F. R. accounts ( n e t )

    Member bank r e s e r v e s

    Required r e se rves ( e s t i m a t e d ) Excess r e s e r v e s ( e s t i m a t e d )

    Dai ly average excess r e s e r v e s ( e s t ima t ed )

    Feb. 1+, 1953

    J a n . 2d, 1953

    Change s ince Feb. 6 ,

    1952

    ( In m i l l i o n s of d o l l a r s )

    23,989 1,388

    771 26,11+8 22,935 4,820

    29,657 1,331

    672 562 326 770

    20,584

    20,046 538

    470

    + 19 + 77 + 43 +139 -101 + 5

    65 33 73 50 10

    5 82

    - 59 +141

    -110

    +1,375 +1,101 + 17 +2,492 - 55 + 103

    +1,279 + 14 + 620 + 100 + 60 + 29

    + 436

    + 631 - 195

    - 18 9

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • H.4 .1 (a ) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED

    ( In thousands of d o l l a r s )

    Feb. 4, 1953

    J an . 28, , ,1953

    Change s ince Feb. 6,

    1992 A S S E T S

    Gold c e r t i f i c a t e s Redemption fund f o r F. R, no tes

    To ta l gold c e r t i f i c a t e r e s e r v e s

    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 : B i l l s C e r t i f i c a t e s Notes Bonds

    To ta l U. S. Government s e c u r i t i e s

    To ta l loans and s e c u r i t i e s Due from f o r e i g n banks F, R. no tes of o t h e r banks Uncol lec ted cash i tems Bank premises Other a s s e t s

    TOTAL ASSETS

    L I A B I L I T I E S Federa l Reserve no tes Depos i t s :

    Member bankreserve accounts U. S. T r e a s u r e r g e n e r a l account Fore ign Other

    To ta l d e p o s i t s Defer red a v a i l a b i l i t y cash i tems Other l i a b i l i t i e s and accrued d iv idends

    TOTAL LIABILITIES

    C A P I T A L A C C O U N T S C a p i t a l p a i d i n Surplus (Sec t i on 7) Surplus (Sec t ion 13b) Other c a p i t a l accounts

    TOTAL LIABILITIES AND CAPITAL ACCOUNTS

    Ra t io of gold c e r t i f i c a t e r e s e r v e s t o d e p o s i t 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 accep tances purchased f o r f o r e i g n cor respondents

    I n d u s t r i a l loan commitments

    20,980,100 -758,330

    21,730,430 -

    408,069 -

    1,384,665 + 3,774 +

    697,354 4 ,995,716

    13,773,671

    23:988:716

    100,003 1,937

    101,940

    29,177 -

    77,626 200

    19,100

    19,100

    25,377,155 + 23

    213,372 -3,667,132 -

    48,709 + 206,047 +_

    51,658,937 -

    96,926

    15,958 158,169

    20 8,476

    199,822

    94,152 ?0,228 50,228 43,924

    14,653

    25,593,076 + 47, l M +

    20,584 ,194 + 82,593 + 672,430 - 72,519 + 561,948 - 50,252 + 325,730 - 10,627 +

    22,144,302 50,805 + 2,896,613 200,334 +

    15,751 - 3,070 + 50,649,742 207,065 +

    254,969 + 383 + 584,676 - - - +

    27,543 -142,007 + 6,860 +

    51,650,937 - 199,022 +

    45,5# - .2$ -22,263 + 595 +

    3,291 - 95 -

    + 1,101,832 755

    + 697,354 - 7 ,206,432 + 8,705,598 - 822,152 + 1,374,368

    + 2,475,445 5

    + 17,469 + 309,201 + 4,807 + 31,299 + 2,779,639

    1,204,723

    436,454 620,801

    99,756 59,978

    1,216,909 292,666

    2,475

    14,875 46,334

    1,577

    2,6#

    9,953 3,871

    MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 4, 1953 ( C a l l a b l e Government s e c u r i t i e s c l a s s i f i e d accord ing t o n e a r e s t c a l l da te )

    Within 15 days 16 t o 90 dg,ys 91 days t o 1 year Over 1 year t o 5 yea r s Over 5 yea r s to 10 yea r s Over 10 yea r s

    To ta l

    Discounts and advances

    1,139,140 245,525

    1,384,665

    I n d u s t r i a l loans

    252 1,918 1,288

    316

    3,774

    U, S, Government s e c u r i t i e s

    4,014,700 370,204

    10,520,141 6,655,200 1,070,224 1,358,247

    23,988,716 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • H.4.1(b) STATEMENT OF CONDITION OF THE FEDEBAL RESERVE BANKS ON FEBRUARY 4, 1953 ( i n thousands of d o l l a r s )

    A S S E T S

    Gold c e r t i f i c a t e s Redemption fund f o r

    F . R, notes

    T o t a l gold c e r t i f i c a t e r e s e r v e s

    Other cash Discounts and advances I n d u s t r i a l l oans U. S. Govt, s e c u r i t i e s :

    B i l l s C e r t i f i c a t e s Notes Bonds

    To ta l U. S. Government

    To ta l Boston New York P h i l a , Cleve . Rich. A t l a n t a Chicago St .Louis Mpls. Kans,Cy. Dal las SanFran.

    20,980,100 682,584 6,786,664 1236,763 1484,748 772,048 641,963 4222,283 564,151 356,915 921,417 625,665 2684,899

    758,330 64,321 78,188 56,126 84,731 81,567 58,802 128,714 51,667 25,445 41,075 29,198 58,496

    21,738,430 746,905 6,864,852 1292,889 1569,479 853,615 700,765 4350,997 615,818 382,360 962,492 654,863 2743,395

    408,069 1,384,665

    3,774

    30,304 36,842

    82,890 283,543

    29,244 31,826 31,603 138,664

    3,345

    27,663 54,350

    62

    31,457 68,580 43,455 461,785

    235

    21,656 100,297

    6,719 26,338

    132

    14,915 97,209

    14,461 48,354 27,448 83A31

    697,354 4,995,716

    13,773,671 4,521,975

    371,569 1024,458

    336,335

    -276,346 1,065,132 2,936,657

    964,121

    37,349 57,916 312,927 485,249 862,769 1337,878 263,252 439,233

    42,624 357,123 984,625 323,258

    21,183 102,139 326,140 724,343 899,200 1997,086 295,213 655,655

    14,930 270,893 746,877 245,204

    18,622 156,027 430,179 141,230

    23,677 198,379 546,953 179,568

    28,788 73,780 241,198 486,736 665,007 1341,982 218,325 440,581

    aecuritiM 23,988,71.6 1732,362 5,242,256 1496,2*7 2320,276 1707,630 1541,736 3479,223 1277,904 746,058 948,577 1153,318 2343,079

    T S ^ m e B ^ ~ 25,377,155 1769,204 5,525,799 1531,245 2458,940 1762,042 1585,426 3941,008 1378,201 772,528 1045,786 1180,766 2426,210

    EB525r,,i$i ss Ai ti sd a fi ss 2%%? MR ^ ^ ^ ^ TOTAL ASSETS 51,658,957 2863,561 13,213,659 3113,011 4 4 1 0 , # 4 3018,016 2629,165 8992,366 2203,060 1259,635 2238,020 2047,670 5670,250

    l / A f t e r deduct ing $l6,000 p a r t i c i p a t i o n s of other Federal Reserve Banks.

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

  • H . 4 . 1 ( c )

    L I A B I L I T I E S

    Federal Reserve notes Depos i t s j

    Member bank-reserve a c c t s . 20 ,584 ,194 895 ,601 U.S.Treasurer-general a c c t . 672,430 1.0,925 F o r e i g n 5 6 1 , 9 4 8 Other 325,730

    STATELEKT OF CONDITION OF THE FEDERAL RESERVE BANKS OK FEBRUARY 4 , 1953 (In thousands of d o l l a r s )

    Total Boston New York P h i l a . Cleve. Rich, At lanta Chicago St .Louis Mpls, Kans*Cy# Dallas SanFran*

    25 ,593 ,076 1564,423 5 ,616 ,197 1820,642 2361,243 1814,208 1399,097 4873,541 1198,913 642,827 1008,457 733,477 2560,051

    6 ,271 ,650 962,675 1587,751 103,398 25,913 57 ,684

    33,983 1 /169,175 41,782 51,253 3,635 260,273 2 ,368 4 , 6 9 0

    841,253 906 ,356 3322,765 37,100 34,997 137,247 27,855 23,955 76,323

    5 , 980 1 ,559 997

    755,084 49,045 21,170

    8 ,291

    469 ,404 966,059 1052,050 2553,046 32 ,685 44 ,670 31,858 73,908 13,928 21,170 25,070 56 ,284

    1 ,419 1 ,366 650 34 ,502

    Total depos i t s Deferred a v a i l cash items Other l i a b i l i t i e s and

    accrued dividends

    22,144,302 2 .896 ,613

    15,751

    977,144 257,872

    853

    6 ,804 ,496 503,001

    4 ,263

    1032,738 1701,378 183,276 253,405

    862 1,839

    912,188 237,271

    762

    967,367 216,221

    3537,332 440,013

    688 2 ,836

    833,590 128,953

    654

    517 ,436 1033,265 1109,628 2717,740 71,518 156,320 157,877 290,886

    557 472 545 1 ,420

    TOTAL LIABILITIES 50 ,649,742 C a p i t a l p a i d in 254,969 S u r p l u s ( S e c t i o n 7) 584,676 Surp lu s ( S e c t i o n 13b) 27,543 Other c a p i t a l a c c o u n t s 142,007

    TOTAL LIABILITIES AND CAPITAL ACCOUNTS

    Cont ingen t l i a b i l i t y on a c c e p t a n c e s pu rchased f o r f o r e i g n c o r r e s p o n d e n t s 22,263

    I n d u s t r i a l l oan commitments 3 ,291

    2800,292 12 ,927,957 3037,518 4317,865 2964,429 2583,373 8853,722 2162,110 13,673 80 ,574 17,361 24,319 11,123 10 ,640 32 ,776 8 ,885 36,462 167,503 43 ,578 54 ,064 29,248 25 ,803 84,628 23,628

    3 ,011 7,319 4 ,489 1 ,006 3 ,349 762 1,429 521 10,123 30,306 10,065 13,270 9,867 8 ,587 19,811 7,916

    1232,338 2198,514 2001,527 5570,097 5 , 7 6 6 9,642 12,432 27,778

    15 ,131 21,925 25,381 57 ,325 1,073 1 ,137 1,307 2 ,140 5 ,327 6 ,802 7,023 12,910

    51,658 ,937 2863,561 13,213,659 3113,011 14410,524 3018,016 2629,165 8992,366 2203,060 1259,635 2238 ,020 2047,670 5670,250

    1,358 2 / 6 , 5 6 6 1 ,670 1,246

    2 ,048 751

    1,113 70

    958 3,050 122

    846 557 846 756

    1,002 2 ,249 346

    F . R. notes outs tanding C o l l a t e r a l f o r F.R. n o t e s j

    Gold c e r t i f i c a t e s E l i g i b l e 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

    FEDERAL RESERVE AGENTS' ACCOUNTS

    26,852 ,257 1644,101 5 ,901 ,737 1915,415 2463,879 1913,289 1474,538 5037,187 1263,229 658,836 1039,211 785,415 2755,420

    12,979,000 400 ,000 4 , 6 2 0 , 0 0 0 825 ,000 820 ,000 500,000 335,000 2600,000 280 ,000 170,000 280 ,000 249,000 1900,000 688,947 34 ,920 274,250 29,240 51,675 99,100 25 ,550 96,012 78,200

    14 ,640 ,000 1 3 0 0 , 0 0 0 1 , 5 0 0 , 0 0 0 1100,000 1700,000 1450,000 1200,000 2500,000 1025,000 505,000 800,000 560,000 1000,000 28,307,947 1734,920 6 , 394 ,250 1954,240 2520,000 2001 ,675 1535,000 5100,000 1404,100 700,550 1176 ,012

    l / A f t e r deducting $392,756,000 p a r t i c i p a t i o n s of other Federal Reserve Banks 2*/ A f t e r deducting $ 15 ,697 ,000 p a r t i c i p a t i o n s of other Federal Reserve Banks.

    509,000 2970,200

    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis