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 27, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended December 26, Member Bank reserves decreased $590 million. The principal changes reducing reserves were increases of $283 million in Treasury deposits with Federal Reserve Banks, $140 million in Money in circulation, $91 million in Foreign deposits with Federal Reserve Banks, and $13 million in Other deposits with Federal Reserve Banks, and a decrease of $169 million in Reserve Bank credit. The principal offsetting changes were an increase of $60 million in Gold stock, and a decrease of $50 million in Treasury cash holdings. The decrease of $169 million in Reserve Bank credit resulted from a decrease of $781 million in Float, and increases of $348 million in Loans, discounts and advances and $264 million in U. S. Government securities. Holdings of U. S. Government securities reflected increases of $209 million in bills, $47 million in certificates, and $8 million in bonds. Change since Member Bank Reserves Dec. 26, Dec. 19, Dec. 27, and Related Items 1951 1951 1950 (in millions of dollars) Reserve Bank credit: U. S. Government securities 23,503 +264 +3,166 Loans, discounts and advances 801 +348 + 498 Float 1,272 -781 + 193 Total 25,576 -169 +3,856 Gold stock 22,^16 + 60 - 244 Treasury currency outstanding 4,704 + 1 + 73 Money in circulation 29,403- £ +140 +1,487 Treasury cash holdings 1,219 - 50 - 76 Treasury deposits with F. R. Banks 289 +283 - 497 Foreign deposits with F. R. Banks 610 + 91 - 310 Okher deposits with F. R. Banks 270 + 13 - 25 Other F. R. accounts (net) 832 + 5 + 72 Member bank reserves 20,208 -590 +3,034 Required .reserves (estimated) 19,573 -105 +3,158 Excess reserves (estimated) 635 -485 - 124 Tlai.l.y n.vei'R.pv; exccs oi"ermv<">s (r-n himnte d) 876 -100 + 25 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 dollars) Change since December 26, December 19, December 27j 1951 1951 1950 •: A S S E TS Gold certificates 20,689,453 + 109,999 - 282,953 Redemption fund for F. R. notes 706,811 - 384 + 131,283 Total gold certificate reserves 21,396,264 + 109,615 - 151,670 Other cash 270,193 - 10,253 + 43,593 Discounts and advances 796,566 + 347,787 + 495,729 Industrial loans 4,706 + 344 + 2,309 U. S. Government securities: Bills 326,335 + 209,365 - 543,551 Certificates 12,766,598 + 47,000 +10,432,403 Notes 5,068,073 — — * - 7,476,003 Bonds 5,342,127 + 7,850 + 752,852 Total U. S. Government securities 23,503,133 + 264:215 + 3,165,701 Total loans and securities 24,304,405 + 612,346 + 3,663,739 Due from foreign banks 28 W M + 4 F. R. notes of other banks 167,246 + 2,655* + 19,410 Uncollected cash items 3,700,270 -1,341,381 - 29,952 Bank premises 43,599 + 219 * + 3,677 Other assets 128,057 + 7,387 + 10,04$ TOTAL ASSETS 50,010,062 - 619,412 + 3,558,846 L I A B I L I T I ES Federal Reserve notes 25,201,824 + 132,027 + 1,494,675 Deposits: Member bank—reserve accounts 20,207,504 590,920 + 3,033,699 U. S. Treasurer—general account 288,818 + 282,700 - 497,255 Foreign 610,100 + 91,538 - 310,446 Other 269,894 + 12,442 - 24,771 Total deposits 21,376,316 - 204,240 + 2,201,227 Deferred availability cash items 2,428,630 - 559,934 - 222,532 Other liabilities and accrued dividends 23,806 + 5,084 + 11,103 TOTAL LIABILITIES 49,030,576 - 627,063 + 3,484,473 C A P I T AL A C C O U N TS Capital paid in 236,387 + 439 + li,4oc Surplus (Section 7) 510,022 — - — 4- 21,845 Surplus (Section 13b) 27,543 Other capital accounts 205,534 4- 7,212 + 41,124 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,010,062 619,412 + 3,55 8,846. ** Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.9$ + .3$ - 4.3$ Contingent liability on acceptances purchased for foreign correspondents 21,381 + 43 266 Industrial loan commitments 5,968 - 429 + 2,278 * Dec 19 figures revised MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 26, 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 790,635 1,341 199,033 l6 to 90 days 5,905 90 216,702 91 days to 1 year 26 2,007 14,344,823 Over 1 year to 5 years 1,268 5,100,256 Over 5 years to 10 years 1,013,614 Over 10 years 2.628,705 Total 796,566 4,706 23,503,133 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 26, 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 20,689,453 641,478 6,796,897 1179,679 1555,457 941,186 919,941 4167,750 559,765 325,407 722,627 564,182 2315,084 Redemption fund for F; R. notes 706,811 62,957 78,634 56,646 75,629 67,451 49,949 112.883 49,333 25,040 37,172 27,696 63.421 Total gold certificate reserves 21,396,264 704,435 6,875,531 1236,325 1631,086 1008,637 969,890 4280,633 609,098 350,447 759,799 591,878 2378,505 Other cash 270,193 13,114 64,495 14,541 15,486 15,452 19,914 49,762 15,458 5,886 11,205 15,249 29,631 Discounts and advances 796,566 19,450 223,280 23,790 42,395 26,365 7,600 150,441 34,410 3,600 22,235 9,500 233,500 Industrial loans 4,706 23 3,773 97 641 135 37 U. S. Govt, securities: Bills 326,335 4,657 173,005 13,262 19,688 14,014 11,372 31,436 11,490 6,691 9,923 10,086 20,711 Certificates 12,766,598 903,179 2,887,386 800,631 1188,604 846,097 686,607 1897,938 693,733 403,955 599,125 608,897 1250,446 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 5,342,127 379,179 1,194,569 336,127 499,008 355,214 288,256 796,805 291,247 169,591 251,529 255;631 524.971 Total U. S. Government securities 23,503,133 1646,742 5,388,247 1468,903 2180,709 1552,316 1259,703 3482,107 1272,776 741,128 1099,202 1117,132 2294,168 Total loans and 1 1 — securities 24,304,405 1666,192 5,611,550 1496,466 2223,104 1578,778 1267,944 3632,548 1307,186 744,863 1121,437 1126,669 2527,668 Due from foreign banks 28 2 1/ 8 2 3 1 1 4 1 1 1 1 3 F.R.notes of other banks 167,246 5,335 20,830 9,221 7,533 44,446 12,082 18,922 7,250 6,269 6,316 9,978 19,064 Uncollected cash items 3,700,270 317,715 812,961 216,399 315,48? 344,715 227,222 561,263 144,939 97,547 199,682 154,149 308,191 Bank premises 43,599 1,022 7,706 2,854 4,651 4,098 2,882 6,324 3,287 1,085 2,454 654 6,582 Other assets 128,057 10,209 27,488 7,853 12,793 8,530 7,102 18.765 6,593 3,914 6.182 6.065 12.563 TOTAL ASSETS 50,010,062 2718,024 13,420,569 2983,661 4210,143 3004,657 2507,037 8568,221 2093,812 1210,012 2107,076 1904,643 5282,207 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 TEE FEDEtiAL RESERVE BANKti ON DECEMBER 2b, 1951 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Pbila. Cleve. Rich. Atlanta Chicago St.Louis MplMsp.ls. KKaannss..CCyy.. Dallas SanFran. Federal Reserve notes 25,201,824- 1547,109 5,598,300 1783,054 2303,503 1803,985 1388,427 4776,410 1174,108 663355,,997766 997799,,008866 706,676 2505,190 Member bank-reserve accts. 20,207,504 825,244 6,476,103 923,384 1529,856 855,607 867,064 3214,540 748,182 -4 5-7 ,-255 913,692 Rl 886 1,321 For;?gna8Urer"6eneral aCCt' 610A00 37,584 1/189,990 47,890 56,377 30,310 25^60 83,656 22^9 15,1155,5155 222>22,94 2292 ,429 5^391 269^894 4^747 195,454 3.504 4.747 2,107 4,267 7,508 7,651 1,310,9309 270 270 794 37,536 Other 3 ^ K « « S 5# w % °«cr^atii^enLand 21.806 1.480 7.326 1.139 2,26k 1.001 899 3,602 M Mi!* Sg 910 1^09 TOTAL LIABILITIES 49,030,576 2655,271 13,139,761 2908,571 4119,714 2951,939 2462,648 8432,246 2053,321 1183,123 2067,668 1865,652 5190,662 His. W5 S S b1 BD 50,010,062 2718,024 13,420,569 2983,661 4210,143 3004,657 2507,037 8568,221 2093,812 1210,012 2107,076 1904,643 5282,207 Contingent liability on for foreign correspondents 21,381 1,326 2/6,564 1,689 1,988 1,069 898 2,951 791 535 791 791 Industrial loan commitments 5,968 — — 1,301 952 64 2,373 ~~~ 35 3 FEDERAL RESERVE AGENTS ' ACCOUNTS F. R. notes outstanding 26,094,519 1571,391 5,838,719 1837,10? 2377,5% 1862,896 1447,030 4879,739 1222,485 646,827 1009,989 751,680 2649,108 °°toldecertlfIcates' 12,764,000 350,000 4,470,000 750,000 885,000 580,000 510,000 2700,000 270,000 150,000 280,000 219,000 1600,000 Eligible paper 555,805 19,450 197,380 23,790 — 22,440 — — 34,410 3,600 22,235 — 232,500 U. S. Govt, securities 13,850,000 1300.000 1,500,000 1100,000 1500,000 1300,000 950.000 2200,000 1000,000 505,000 750,000 545,000 1200,000 Total collateral 27^169^805 1669^450 6,167,380 1873,790 2385,000 1902,440 1460,000 4900,000 13o4,4lO fc>50,b00 1052,235764,000 3032,500 l/ After deducting $420,097,000 participations of other Federal Reserve Banks. 2] After deducting $14,817,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis