H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) November 29, 1951 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended November 28, Member bank reserves decreased $240 million. The principal changes reducing reserves were increases of $184 million in Treasury deposits with Federal Reserve Banks and $4l million in Money in circulation, and a decrease of $66 millio nin Reserve Bank credit. The principal offsetting changes were decreases of $29 million in Foreign deposits with Federal Reserve Banks and $21 million in Other deposit swith Federal Reserve Banks. The decrease of $66 millio nin Reserve Bank credit resulted from decreases of $285 millio nin Float and $36 million in U. S. Government securities, and an increase of $257 millio nin Loans, discounts and advances. Holdings of U. S. Government securities reflected decreases of $27 million in certificates, and $10 million in bills, and an increase of $1 millio nin bonds. Change since Member Bank Reserves Nov. 28, Nov, 21, Nov. 29, and Related Items 1951 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 23,239 - 36 +3,670 Loans, discounts and advances • 488 +257 + 246 Float 953 -285 + 263 Total 24,679 - 66 +4,178 Gold stock 22,332 - l - 705 Treasury currency outstanding 4,693 + 4 + 67 Money in circulation 28,742 + 4l +1,199 Treasury cash holdings 1,288 + 3 - 10 Treasury deposits with F. R, Banks 548 +184 - 16 Foreign deposits with F. R. Banks 549 - 29 - 372 Other deposits with F. R. Banks 201 - 21 96 Other F. R. account s(net) 774 + 32 Member bank reserves 19,603 -240 +2,804 Required reserves (estimated) 19,164 + 63 +3,044 Excess reserves (estimated) 439 -303 - 240 Daily average excess reserves (estimated) 694 -277 + 85 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (in thousands of dollars) Change since November 28, November 21, November 29, . 1951 1951 1950 , A S S E TS Gold certificates 20,430,183 + 4,001 - 831,251 Redemption fund for F. R. notes 685,436 + 6,000 + 149,342 Total gold certificate reserves 21,115,619 + 10,001 - 681,909 Other cash 301,540 + 789 + 63,861 ^ Discounts and advances 483,135 + 256,125 + 243,442 Industrial loans 4,385 + 67 + 2,176 U. S. Government securities: Bills 116,970 - 10,000 - 1,013,176 Certificates 12,719,598 - 26,600 +12,351,148 Notes 5,068,073 — — — - 8,656,545 Bonds e 5,334,277 + 500 + 988,402 Total U. S. Government securities 23,238,918 - 36,100 + 3,669,829 " Total loans and securities 23,726,438 + 220,092 + 3,915,447 »-• Due from foreign banks 33 — — + 9 F. R. notes of other banks 180,174 + 6,798 + 47,251 Uncollected cash items 3,627,686 - 513,432 + 446,328 Bank premises 43,033 - 94 + 5,360 Other assets 153,804 + 8,467 + 30,919 L TOTAL ASSETS 49,148,327 - 267,379 + 3,827,266 L I A B I L I T I ES Federal Reserve notes 24,601,988 + 58,757 + 1,255,529 Deposits: Member bank—reserve accounts 19,602,562 239,977 + 2,803,866 U. S. Treasurer--general account 548,382 + 184,389 15,823 Foreign 548,823 - 29,409 - 372,200 Other 201,090 - 21,117 95,585 Total deposits + 2,320,258 Deferred availability cash items 2,674,802 - 228,140 + 183,510 Other liabilities and accrued dividends 18,634 1,388 + 6.394 TOTAL LIABILITIES 48,196,281 274,109 + 3,765,691 C A P I T AL A C C O U N TS Capital paid in ~ 235,273 142 + 13,329 Surplus (Section 7) 510,022 + 21,849 Surplus (Section 13b) 27,543 Other capital accounts 179,208 + 6,588 + 26,397 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,140,327 - 267,379 + 3,827,266 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.4% + .1% 5.6# Contingent liability on acceptances purchased for foreign correspondents 17,733 + 682 6,377 Industrial loan commitments 6,425 + 152 + 3,024 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. NOVEMBER 28, 1951 (Callable Government securities classified according to nearest cal ldate) Discounts and Industrial U. S. Government advances loans • securities Within 15 days 457,715 652 54,062 l6 to 90 days 25,080 834 62,908 91 days to 1 year 340 1,690 14,089,123 Over 1 year to 5 years 1,209 5,396,456 Over 5 years to 10 years 1,013,614 Over 10 years 2,622,755 Total Digitized for FRASER 483,135 4,385 23,238,918 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 28, 1951 H.4.1(b) (in thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 20,430,183 682,994 6,507,192 1148,596 1531,871 971,126 905,100 4183,756 556,382 342,531 705,916 554,514 2340,205 Re F d . e m R. p t n i o o t n e s f und for 685,436 63,293 65.021 55.242 75,068 66,161 46,534 113,347 47,464 24,588 37,270 27,790 63,658 ~ T ~ o t r a e l s e g r o v l e d s certificate 21,115,619 746,287 6,572,213 1203,838 1606,939 1037,287 951,634 4297,103 603,846 367,119 743,186 582,304 2403,863 D O i t s h c e o r u n c t a s s h a nd advances 4 3 8 0 3 1 , , 1 5 3 4 5 0 20 5 , , 3 0 7 9 5 7 6 7 4 7 , , 0 4 2 6 1 2 1 3 5 4 , , 4 8 0 9 7 4 1 1 8 0 , , 8 1 6 7 2 3 1 22 8 , , 4 3 7 0 5 8 2 7 4 , , 0 3 5 7 6 8 6 5 6 5 , , 0 5 3 4 4 4 1 2 7 4 , , 4 2 7 4 7 7 7 3 , , 0 0 9 2 6 5 4 1 1 0, , 6 4 1 0 7 2 16 4 , , 6 3 0 7 3 7 1 3 8 2 6 , , 8 8 5 9 2 3 Industrial loans 4,385 23 3,453 20 88 622 136 43 — - U. S. Govt, securities: Bills 116,970 34,251 7,360 10,926 7,777 6,312 17,654 6,377 3,714 5,507 5,598 11,494 Certificates 12,719,598 870,258 2,876,833 800,317 1188,137 845,765 686,337 1897,192 693,461 403,796 598,890 608,657 1249,955 N B o o t n e d s s 5 5 , , 0 3 6 3 8 4 , , 0 2 7 7 3 7 3 3 4 6 6 4 , , 7 9 5 6 3 6 1 1 , . 1 2 4 0 6 6 , , 2 4 6 7 1 0 3 3 1 3 8 5 , . 8 6 8 3 3 3 4 4 9 7 8 3 , , 2 4 7 0 5 9 3 3 3 5 6 4 , , 9 6 9 9 1 2 2 2 7 8 3 7 , . 4 8 6 3 8 2 7 7 5 9 5 5 , , 9 6 2 3 8 4 2 2 7 9 6 0 , , 3 8 0 1 6 9 1 1 6 6 0 9 , , 8 3 9 4 1 2 2 2 3 5 8 1 , , 6 1 2 5 5 9 2 2 4 5 2 5 , ,2 5 5 1 6 8 5 4 2 9 4 8 , , 1 0 9 4 9 0 23,238,918 1581,977 5,263,815 1462,193 2170,7*7 15*5,225 1253,9*9 3*66,*08 1266,963 737,7*3 109*, 181 1112,029 2283,688 ""securltiea^" 23,726,*38 1587,1??* 5,3*1,300 1500,5*0 2180,9*0 1567,788 1261,627 3532,**2 1291,210 7*0,90* 1135,583 lll6,**9 2*70,581 4 #4 J 414 | g = ^j -3 -g il il 'i 1 TOTAL ASSETS 49,148,327 2721,322 12,734,577 2967,569 4159,648 2958,805 2487,405 8517,544 2084,360 1241,160 2104,275 1892,959 5278,703 l/ After deducting $23,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BATIKS ON NOVEMBER 28 ,I95I (in thousands of dollars) L I A B I L I T I ES Total Boston New York Phila* Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,601,988 1504,055 5,442,434 1734,051 2230,368 1769,592 1347,433 4684,894 1138,142 625,034 957,776 694,151 2474,058 Deposits: Member bank-reserve accts. 19,602,562 841,502 6,162,078 904,302 1493,557 842,350 846,404 3124,390 718,942 466,593 907,013 963,007 2332,424 U.S.Treasurer-general acct, 548,382 50,698 96,542 27,557 48,188 36,314 41,443 66,212 41,882 25,946 30,698 33,307 49,595 Foreign 548,823 33,666 1/172,509 42,897 50,499 27,150 22,806 74,934 20,091 13,575 20,091 20,091 50,514 Other 201,090 3,199 139,293 1.415 4,074 1,284 2,275 1,988 8,671 1,391 778 576 36.146 Total deposits 20,900,857 929,065 6,570,422 976,171 1596,318 907,098 912,928 3267,524 789,586 507,505 958,580 1016,981 2468,679 Deferred avail, cash items 2,674,802 225,980 442,163 182,928 242,980 230,231 183,250 430,505 116,887 81,897 149,136 143,261 245,584 Other liabilities and accrued dividends 16,634 1.316 5,037 1,036 1,895 940 840 2,661 842 641 671 821 1,934 TOTAL LIABILITIES 48,196,281 2660,416 12,460,056 2894,186 4071,561 2907,861 2444,451 8385,584 2045,457 1215,077 2066,163 1855,214 5190,255 Capital paid in 235,273 12,957 75,108 16,699 22,389 10,321 9,668 30,073 8,288 5,330 8,824 10,657 24,959 Surplus (Section 7) 510,022 32,246 153,290 39,710 48,014 25,167 22,369 75,345 20,295 13,168 19,047 16,852 44,519 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o Other capital accounts 179,208 12,692 38,804 12.485 16,678 12,107 10,155 25,113 9,799 6,512 9,104 8,929 16,830 JBOmL LIABILITIES AND CAPITAL ACCOUNTS 49,148,327 2721,322 12,734,577 2967,569 4159,648 2958,805 2487,405 8517,544 2084,360 1241,160 2104,275 1892,959 5278,703 Contingent liability on acceptances purchased for foreign correspondents 17,733 1,100 2/5,435 1,402 1,650 887 745 2,449 657 444 657 657 1,650 Industrial loan commitments 6,425 1,629 952 66 2,488 840 450 FEDERAL RESERVE AGENTS» ACCOUNTS F. R. notes outstanding 25,528,911 1549,717 5,681,940 1809,382 2307,002 1822,593 1403,295 4778,478 1182,706 636,856 991,320 740,362 2625,260 Collateral for F.R. notes: Gold certificates 12,554,000 350,000 4,470,000 725,000 815,000 565,000 510,000 262*0,000 260,000 150,000 280,000 209,000 1600,000 Eligible paper 359,380 5,035 45,680 34,815 18,725 24,210 2,750 41,365 — 186,800 TJ. S. Govt, securities 13,600,000 1300.000 1,300,000 1100,000 1500,000 1275,000 950,000 2200,000 975,000 505,000 750,000 545,000 1200,000 Total collateral 26,513,380 1655,035 5,815,680 1859,815 2315,000 1858,725 1460,000 4820,000 1259,210 657,750 1071,365 754,000 2986,800 1/ After deducting $376,299,000 participations of other Federal Reserve Banks. 2/ After deducting $12,298,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ±