H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) December 6, 1951 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended December 5# Member ban kreserves increased $316 million. The principal changes supplying reserves were increases of $402 million in Reserv eBank credit and $49 million in gold stock ,and a decrease of $47 million in Treasur ydeposits with Federa lReserve Banks. The principal offsetting changes were increases of $149 million in Mone yin circulation, $21 million in Foreig ndeposits with Federa lReserve Banks, and $16 million in Other deposits with Federa lReserve Banks. The increase of $402 million in Reserv eBank credit resulted from an increase of $475 millio nin Loans, discounts an dadvances and a decrease of $74 million in Float .Holdings of U. S. Government securities reflect an increase of $23 million in bond sand a decrease of $23 million in certificates. Change since Member Bank Reserves Dec. 5, Nov. 28, Dec. 6, and Related Items 1951 1951 1950 (In millions of dollars) Reserve Bank credit: U. S. Government securities 23,239 +3;,0 00 Loans, discounts an dadvances 963 +475 + 851 Float 879 - 74 + 308 Total 25,081 +402 ,159 Gold stock 22,381 + 49 595 - Treasury currency outstanding 4,699 + 6 + 71 Money in circulation 28,891 +149 ,193 Treasury cash holdings 1,292 + 4 2 - Treasury deposits with F. R, Banks 501 - 47 39 - Foreign deposits with F. R. Banks 570 + 21 - 358 Other deposits with F. R. Banks 217 + 16 - 75 Other F. R. account s(net) 770 - 4 + 45 Member bank reserves 19,919 +316 +2,,8 70 Required reserves (estimated) 19,149 - 15 +3;, 049 Excess reserves (estimated) 770 +331 - 179 Daily average excess reserves (estimated) 583 -111 - 105 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (in thousands of dollars) Change since December 5, November 28, December 6, 1951 1951 1950 A S S E TS Gold certificates 20,480,180 + 49;997 - 703,220 Redemption fund for F. R. notes 685,436 + 134,665 Total gold certificat ereserves 21,165,616 + 49,997 - 568,555 Other cash 296,895 4,645 + 65,097 - Discounts and advances 958,925 + 475,790 + 849,029 Industrial loans 4,370 15 + 2,034 - U. S. Government securities: Bills 116,970 - 980,676 mm mm Certificates 12,696,598 23,000 +11,086,448 - Notes 5,068,073 - 7,891,945 — — — Bonds 5,357,277 + 23,000 + 786,402 Total U. S. Government securities 23,238,918 + 3,000,229 — — — Total loans an dsecurities 24,202,213 + 475,775 + 3,851,292 Due from foreign banks 28 - 5 + 4 F. R. note sof other banks 165,001 15,173 + 30,785 - Uncollected cash items 3,503,059 124,627 + 483,760 • Bank premises 43,107 + 74 + 5,445 Other assets 162,992 4- 9,188 + 21,940 TOTAL ASSETS 49,538,911 + 390,584 + 3,889,768 L I A B I L I T I ES Federal Reserve notes 24,731,017 + 129,029 + 1,243,020 Deposits: Member bank—reserve accounts .19,918,897 + 316,335 + 2,870,196 U. S. Treasurer--general account 501,457 46,925 38,806 - Foreign 570,096 + 21,273 - 357,409 Other 216,625 + 15,535 75,613 Total deposits 21,207,075 + 306,218 + 2,398,368 Deferred availability cash items 2,624,312 50,490 + 176,141 - Other liabilities and accrued dividends 18,127 507 + 6,495 - TOTAL LIABILITIES 48,580,531 + 384,250 + 3,824,024 C A P I T AL A C C O U N TS Capital paid in 235,460 + 187 + 13,425 Surplus (Section 7) 510,022 + 21,849 — *• — Surplus (Section 13b) 27,543 — — — * — ~ Other capital accounts 185,355 + 6,147 + 30,470 TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined kG.Vfo .3% 5.3# Contingent liability on acceptances purchased for foreign correspondents 19 ooi + 1,268 3,468 Industrial loan commitments 6^ 442 + 17 2,982 MATURITY DISTRIBUTION OF LOAN SAND SECURITIES. DECEMBER 5, 1951 (Callable Government securities classified according to nearest cal ldate) Discounts and Indus trial U. S. Government advances loans securities Within 15 days 934,780 670 62,000 16 to 90 days 23,898 905 77,970 91 days to 1 year 247 1,648 14,066,123 Over 1 year to 5 years 1,147 5,396,456 Over 5 years to 10 years 1,013,614 Over 10 years 2,622,755 Digitized for FRASER Total http://fraser.stlouisfed.org/ 958,925 4,370 23,238,918 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITIO NOF THE FEDERA LRESERVE BANKS ON DECEMBE R5, 1951 (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. <M i1—i vo 3 Gold certificates 20,480,180 665,247 6,556,305 1123,396 1525,172 964,774 932,884 4122,526 582,331 359,698 672,178 615,l4o 2360,529 Redemption fund for F. R. notes 685.436 63.293 65.021 55.242 75.068 66.l6l 46.534 111.^47 47.464 ?4.qfift 17.970 on 700 A? ten —•... ' A * ; Total gold certificate reserves 728,540 6,621,326 1178,638 1600,240 1030,935 979,418 4235,873 629,795 384,286 709,448 642,930 2424,187 Other cash 296,895 18,198 68,489 15,m 20,773 18,183 21,794 55,386 16,017 6,229 10,526 16,596 29,593 Discounts and advances 958,925 12,625 363,085 68,935 49,200 15,350 11,464 175,821 39,555 4,700 66,190 2,000 150,000 Industrial loans 4,370 23 3,426 20 88 639 136 38 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 12,696,598 887,227 2,853,089 798,870 1185,989 844,235 685,096 1893,761 692,207 403,066 597,807 607,557 1247,694 Notes 5,068,073 354,152 1,138,862 318,883 473,409 336,991 273,468 755,928 276,306 160,891 238,625 242,518 498,040 Bonds 5.357,277 374,361 1,203,850 337,080 500,423 356,222 289,073 799,065 292,073 170,072 252,242 256,356 526,460 Total U. S. Government securities 23,238,918 1615,740 5,230,052 1462,193 2170,747 1545,225 1253,949 3466,408 1266,963 737,743 1094,181 1112,029 2283,688 Total loans and —— securities 24,202,213 1628,365 5,593,160 1534,554 2219,967 1560,663 1266,052 3642,229 1306,518 7^2,579 1160,371 1114,067 2433,688 Due from foreign banks 28 2 1/ 8 2 3 1 1 4 1 1 1 1 3 F.R.notes of other bank s165,001 5,542 22%642 6,447 7,687 40,719 13,370 17,026 7,169 7,04l 8,000 12,028 17,330 Uncollected cash items 3,503,059 279,703 644,643 206,919 328,251 285,792 213,877 566,116 164,854 113,152 229,968 150,289 319,495 Bank premises 43,107 1,022 7,668 2,859 4,662 4,107 2,75% 6,269 3,287 1,085 2,448 654 6,292 Other assets 162,992 12,484 35,813 10,085 15,967 10.769 8,895 24,163 8,472 5,015 7.706 7,560 16.063 TOTAL ASSETS 49,538,911 2673,856 12,993,749 2954,615 4197,550 2951,169 2506,161 6547,066 2136,1 113259,388 2128,46 81944,125 5246,651 l/ After deducting $20,000 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 BANKS ON DECEMBER 5, 1951 (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. Kana.Cy. Dallas SanFran. Federal Reserve notes 24,731,017 1504,993 5,471,752 1745,789 2239,140 1772,722 1364,096 4703,264 1152,530 629,655 967,706 698,474 2480,896 Deposits: Member bank-reserve accts. 19,918,897 812,119 6,400,880 906,649 1519,173 846,869 862,995 3128,377 749,027 467,811 897,578 1022,059 2305,360 U.S.Treasurer-general acct. 501,457 25,359 88,438 24,500 41,675 25,563 39,987 79,204 4l,161 33,313 26,806 30,196 45,255 Foreign 570,096 35,042 1/17.8,400 44,651 52,563 28,260 23,738 77,998 20,912 14,130 20,912 20,912 52,578 Other 216,625 4,251 144,230 1,470 5,052 4,294 1,979 2,117 8,873 1,682 1,690 2,512 38,475 Total deposits 21,207,075 876,771 6,811,948 977,270 1618,463 904,986 928,699 3287,696 819,973 516,936 946,986 1075,679 2441,668 Deferred avail, cash items 2,624,312 229,496 429,094 156,693 249,212 221,204 169,274 420,575 123,513 85,965 174,793 131,254 233,239 Other liabilities and jaccrued dividends 18,127 1,389 4,791 l,04l 2,108 903 779 2,600 743 591 694 683 1,805 3QTAL LIABILITIES 48,580,531 2612,649 12,717,585 2880,793 4108,923 2899,815 2462,848 84l4,135 2096,759 1233,14? 2090,179 1906,090 5157,608 Capital paid in 235,460 12,957 75,214 16,745 22,401 10,324 9,671 30,084 8,319 5,333 8,793 10,657 24,962 Sta-plus (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 185,355 12,993 40,341 12,878 17,206 12,514 10,511 26,073 10,219 6,667 9,312 9,219 17,422 .TOTAL LIABILITIES AND GAgHAL ACCOUNTS 49,538,911 2673,856 12,993,749 2954,615 4197,550 2951,169 2506,161 8547,066 2136,11 31259,388 2128,468 1944,125 5246,651 Contingent liability on acceptances purchased for foreign correspondents 19,001 1,178 2/5,834 1,501 1,767 950 798 2,622 703 475 703 703 1,767 Industrial loan commitments 6,442 1,652 952 66 2,487 835 450 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,583,214 1543,551 5,708,890 1803,878 2312,189 1817,425 1403,141 4807,528 1198,559 639,140 991,794 740,375 2616,744 Collateral for F.R. notes: Gold certificates 12,514,000 350,000 4,470,000 725,000 81851,50,00000 565,000 510,000 2670,000 270,000 150,000 280,000 209,000 1500,000 Eligible paper 709,340 12,625 353,160 68,935 — 14,425 — — 39,555 4,450 66,190 150,000 U. 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 26,823,340 1662,625 6,123,160 1893,935 2315,000 1854,425 1460,000 4870,000 1284,555 659,450 1096,190 754,000 2850,000 1/ After deducting $391,684,000 participations of other Federal Reserve Banks. 2/ After deducting $13,167,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis