H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) December 13, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended December 12, Member bank reserves increased $4-5 million* The principal changes supplying reserves were decreases of $235 million in Treasury deposits with Federal Reserve Banks and $43 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $146 million in Money in circulation, and a decrease of $101 million in Reserve Bank credit. The decrease of $101 million in Reserve Bank credit resulted from a decrease of $248 million in Loans, discounts and advances, and an increase of $148 million in Float. Holdings of U. S. Government securities reflected an increase of $19 million in bonds and a decrease of $19 million in certificates. Change since Member Bank Reserves Dec. 12, Dec. 5, Dec. 13, and Related Items 1951 1951 1950 (In millions of dollars) Reserve Bank credit: U. S, Government securities 23,239 +2,710 Loans, discounts and advances 715 -248 + 644 Float 1,027 +148 + 283 Total 24,980 -101 +3,636 Gold stock 22,382 + 1 - 544 Treasury currency outstanding 4,700 + 1 + 72 Money in circulation 29,037 +146 +1,278 Treasury cash holdings 1,284 - 8 10 Treasury deposits with F. R. Banks 266 -235 - 185 Foreign deposits with F. R. Banks 527 - 43 - 392 Other deposits with F. R. Banks 213 - 4 - 81 Other F. R. accounts(net) 770 + 54 " Member bank reserves 19,964 + 45 +2,499 Required reserves (estimated) 19,217 + 68 +2,852 Excess reserves (estimated) 747 - 23 - 353 Daily average excess reserves (estimated) 737 +154 - 517 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since December 12, December 5, December 13. 1951 1951 1950 A S S E TS Gold certificates 20,485,681 + 5,501 - 636,724 Redemption fund for F. R. notes 694,936 + 9,500 + 136,039 Total gold certificate reserves 21,180,617 + 15,001 500,685 Other cash 286,233 10,662 + 57,397 - Discounts and advances 710,206 - 248,719 + 641,169 Industrial loans 4,310 6o + 1,995 U. S. Government securities: Bills 116,970 -m-m -• - 734,501 Certificates 12,677,598 19,000 +10,343,403 - Notes 5,068,073 -- - - 7,455,445 Bonds 5,376,277 + 19,000 + 556,624 Total U. S. Government securities 23,238,918 + 2,710,081 — Total loans and securities 23,953,434 248,779 + 3,353,245 Due from foreign banks 28 + 4 — — — F. R. notes of other banks 167,561 + 2,560 + 34,510 Uncollected cash items 3,823,773 + 320,714 + 287,890 Bank premises 43,106 - 1 + 5,355 Other assets 171,116 4- 8,124 + 16,215 TOTAL ASSETS 49,625,868 + 86,957 + 3,253,931 L I A B I L I T I ES Federal Reserve notes 24,873,922 + 142,905 + 1,331,358 Deposits: Member bank—reserve accounts 19,963,983 + 45,086 + 2,499,306 U. S. Treasurer—general account 266,445 - 235,012 184,770 Foreign 527,020 43,076 - 392,346 - Other . 213,024 3,601 81,054 - Total deposits 20,970,472 236,603 + 1,841,136 - Deferred availability cash items 2,796,801 + 172,489 + 4,952 Other liabilities and accrued dividends 19,356 + 1,229 + 7,151 TOTAL LIABILITIES 48,660,551 + 80,020 + 3,184,597 C A P I T AL A C C O U N TS Capital paid in ~~ 235,612 + 152 + 13,304 Surplus (Section 7) 510,022 + 21,849 Surplus (Section 13b) 27,543 Other capital accounts 192,140 + 6,785 + 34,181 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,625,868 + 86,957 + 3,253,931 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.2% + .1% 4.6# Contingent liability on acceptances purchased for foreign correspondents 19,723 + 722 2,655 Industrial loan commitments 6,504 + 62 + 2,235 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 12, 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S, Government advances loans securities Within 15 days 686,636 712 91,750 16 to 90 days 23,340 906 67,220 91 days to 1 year 230 1,633 14,047,123 Over 1 year to 5 years 1,059 5,396,456 Over 5 years to 10 years 1,013,614 Over 10 years Total 710,206 4,310 23,238,918 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 12, 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. Gold certificates 20,485,681 637,870 6,532,803 1162,700 1492,624 972,941 916,322 4120,988 574,958 338,600 731,477 561,018 2443 380 Redemption fund for ' F. R. notes 694,936 63,293 70,021 57,242 75,068 66,l6l 46,534 113,347 49,464 25,088 37,270 27,790 63,658 Total gold certificate reserves 21,180,617 701,163 6,602,824 1219,942 1567,692 1039,102 962,856 4234,335 624,422 363,688 768,747 588,808 2507,038 Other cash 286,233 17,l8l 64,873 15,405 16,921 16,925 22,743 53,778 15,493 6,714 10,317 15,384 30,499 Discounts and advances 710,206 21,925 266,565 36,680 46,670 32,690 3,500 161,096 17,205 5,550 45,325 9,000 64 000 Industrial loans 4,310 — 23 3,342 — 87 678 135 ... kc --- U. S. Govt, securities: Bills 116,970 8,302 26,156 7,360 10,926 7,777 6,312 17,447 6,377 3,714 5,507 5,598 11,494 Certificates 12,677,598 899,843 2,834,876 797,675 1184,214 842,972 684,071 1890,927 691,171 402,463 596,912 606,647 1245 827 Notes 5,068,073 359,727 1,133,287 318,883 473,409 336,991 273,468 755,928 276,306 160,891 238,625 242 518 498 040 Bonds 5,376,277 381,603 1,202,205 338,275 502,198 357,W5 290,098 801,899 293,109 170.675 253.137 257,266 528!327 Total U. S. Government securities 23,238,918 1649,475 5,196,524 1462,193 2170,747 1545,225 1253,949 3466,201 1266,963 737,743 1094,181 1112,029 2283,688 Total loans and ~ " _____ _________ _____— securities 23,953,434 1671,400 5,463,112 1502,215 2217,417 1578,002 1258,127 3627,297 1284,168 743,428 1139,506 1121,074 2347,688 Due from foreign banks 28 2 1/ 8 2 3 1 1 4 1 1 , x L F.R,notes of other banks 167,561 5,979 24,236 7,455 7,572 40,465 13,273 17,862 8,240 6,220 7,614 10,518 18,127 Uncollected cash items 3,823,773 293,677 744,263 221,909 344,594 319,421 255,834 621,653 175,739 113,100 206,147 i80 286 347 148 Bank premises 43,106 1,022 7,668 2,859 4,662 4,107 2,754 6,269 3,286 1,085 2,448 654 6 292 Other assets 171,116 13,021 37,76? 10,569 16,850 11,313 9,369 25,057 8,997 5.249 8,138 7,940 i6!846 TOTAL ASSETS 49,625,868 2703,445 12,944,751 2980,356 4175,711 3009,336 2524,957 8586,255 2120,346 1239,485 2142,918 1924,667 5273,641 1/ After deducting $20,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 12, 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. Kane.Cy. Dallas SanFran. Federal Reserve notes 24,873,922 1517,202 5,505,088 1760,064 2262,474 1784,031 1369,027 4717,338 1160,222 631,152 971,827 700,207 2495,290 Deposits: Member bank-reserve accts. 19,963,983 830,398 6,327,463 912,147 1504,752 875,855 864,468 3187,393 745,423 463,223 941,040 994,823 2316,998 U.S.Treasurer-general acct 266,445 17,472 41,793 19,065 13,842 18,263 - 15,688 24,167 13,965 17,795 24,661 19,427 40,307 Foreign 527,020 32,345 1/165,467 41,214 48,518 26,085 21,511 71,995 19,303 13,043 19,303 19,303 48,533 Other 213,024 4,095 143,422 1,836 4,142 4,943 2,491 2,665 10,199 1,103 500 552 37,076 Total deposits 20,970,472 884,310 6,678,145 974,262 1571,254 925,146 904,558 3286,220 788,890 495,164 985,504 1034,105 2442,914 Deferred avail, cash items 2,796,801 238,768 478,293 170,710 250,556 247,388 206,868 446,167 130,660 86,147 146,267 151,288 243,689 Other liabilities and accrued dividends 19,356 1,358 5,531 1,070 2,209 965 828 2,595 803 570 615 720 2,092 TOTAL LIABILITIES 48,660,551 2641,638 12,667,057 2906,106 4086,493 2957,530 2481,281 8452,320 2080,575 1213^033 2104,213 1886,320 5183,985 Capital paid in 235,612 12,959 75,252 16,748 22,416 10,327 9,689 30,100 8,336 5,341 8,794 10,667 24,983 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 2,140 Other capital accounts 192,140 13,591 41,833 13,303 17.782 12,963 10,856 27,061 10,619 6,870 9,727 9,521 18,014 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,625,868 2703,445 12,944,751 2980,356 4175,711 3009,336 2524,957 8586,255 2120,346 1239,485 2142,918 1924,667 5273,641 Contingent liability on acceptances purchased for foreign correspondents 19,723 1,223 2/6,055 1,558 1,834 986 828 2,722 730 493 730 730 1,834 Industrial loan commitments 6,504 1,735 952 66 2,473 835 443 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,752,863 1549,204 5,775,933 1810,110 2340,442 1833,491 1420,253 4813,688 1206,708 642,384 999,951 741,518 2619,181 Collateral for F„R. notes: Gold certificates 12,654,000 350,000 4,470,000 725,000 855,000 565,000 510,000 2670,000 270,000 150,000 280,000 209,000 1600,000 Eligible paper 468,040 21,925 245,215 36,680 32,290 17,205 5,400 45,325 64,000 U. S. Govt, securities 13,725,000 1300,000 1,400,000 1100,000 1500,000 1300,000 950,000 2200,000 975.000 505,000 750,000 545.000 1200,000 Total collateral 26,847,040 1671,9256,115,215 1861,680 2355,000 1897,290 1460,000 4870,000 1262,205 660,400 1075,325 754,000 2864,000 1/ After deducting $361,538,000 participations of other Federal Reserve Banks„ 2/ After deducting $13,668,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis