H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) January 10, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended January 9, Member bank reserves increased $5 million. The principal changes supplying reserves were a decrease of $343 million in Money in circulation an dan increase of $75 million in Gold stock. The principal offsetting changes were a decrease of $271 million in Reserve Bank credit, and increases of $71 million in Other deposits with Federal Reserve Banks and $6l million in Treasury deposits with Federal Reserve Banks. The decrease of $271 million in Reserve Bank credit resulted from decreases of $206 million in U. S, Government securities and $157 million in Float, and an increase of $92 million in Loans, discounts and advances. Holdings of U, S. Government securities reflected decreases of $153 million in bills and $53 million in certificates. Change since Member Bank Reserves Jan. 9, Jan. 2, Jan. 10, and Related Items 1952 1952 1951 (in millions of dollars) Reserve Bank credit: U. S. Government securities 23,452 -206 +2 ,991 Loans, discounts and advances 202 + 92 + 126 Float 900 -157 + 203 Total 24,554 -271 +3 ,319 Gold stock 22,772 + 75 + 226 Treasury currency outstanding 4,707 + l + 72 Money in circulation 28,800 -343 +1 ,385 Treasury cash holdings 1,280 + 5 28 - Treasury deposits with F. R. Banks 69 + 61 204 - Foreign deposits with F. R. Banks 529 + 6 329 - Other deposits with F. R. Banks 242 + 71 - 73 Other F. R. accounts (net) 743 - 2 2 - Member bank reserves 20,369 + 5 +2., 867 Required reserves (estimated) 19,5% -123 +3;, 181 W Excess reserves (estimated) +128 314 - Daily average excess reserves (estimated) 1,107 + 4 + 40 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 (|n thousands of dollars) Change since January 9, January 2, January 10 i 1952 1952 1951 A S S E TS Gold certificates 20,834,951 + 69,000 + 130,547 Redemption fund for F. R. notes 719,424 + 3,311 + 130,609 Total gold certificate reserves 21,554,375 + 72,311 + 261,156 Other cash 373,228 + 52,490 + 53,726 Discounts and advances 197,606 + 92,109 + 124,718 Industrial loans 4,484 4- 38 + 1,197 U. S. Government securities: Bills 335,460 152,400 - 776,404 Certificates 12,704,398 - 53,200 +12,704,398 Notes 5,068,073 — — - 9,607,078 Bonds 5,344,127 — — — + 669,752 Total U. S. Government securities 23,452,058 205,600 + 2,990,668 - Total loans and securities 23,654,148 113,453 + 3,116,583 Due from foreign "banks 28 WWW + 4 F. R. notes of other banks 256,597 + 48,128 + 70,068 Uncollected cash items 3,443,592 - 790,058 + 228,333 Bank premises 43,695 + 89 + 3,612 Other assets 144,494 + 9,448 + 48,368 TOTAL ASSETS 49,470,157 721,045 + 3,781,850 - L I A B I L I T I ES Federal Reserve notes 24,784,955 240,718 + 1,443,816 Deposits: Member bank -- reserve accounts 20,368,850 + 4,989 + 2,866,638 U. S. Treasurer--general account 69,047 + 61,411 - 203,557 Foreign $29,493 + 6,225 - 328,097 Other 242,292 + 71,515 - 72,798 Total deposits 21,209,682 + 144,140 + 2,262,186 Deferred availability cash items 2,543,860 - 632,429 + 25,763 Other liabilities and accrued dividends 12,780 + 286 + 6,335 TOTAL LIABILITIES 48,551,277 - 728,721 + 3,738,100 C A P I T AL A C C O U N TS Capital paid in 238,072 876 + 11,733 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,5^3 Other capital accounts 114,923 + 6,800 ± 3,697 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,470,157 - 721,045 + 3,781,050 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.9% .3# 3.5# Contingent liability on acceptances purchased for foreign correspondents 19,138 1,628 5,904 Industrial loan commitments 6,157 78 3,712 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JANUARY 9, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U, S. Government advances loans securities Within 15 days 178,985 637 119,500 16 to 90 days 18,621 1,381 3,475,202 91 days to 1 year — 1,886 11,112,781 Over 1 year to 5 years — 580 5,102,256 Over 5 years to 10 years 1,013,6l4 Over 10 years 2,628,705 „ Total 197,606 4,484 23,452,058 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 9# 1952 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 20,834,951 680,448 7,076,499 1185,332 1374,518 933,130 781,392 3983,974 559,340 321,103 721,857 585,522 2631,836 Redemption fund for F. R. notes 719,424 62,673 77.574 56,090 81,267 66,958 49,706 122,495 49,229 24,998 37,089 28,119 63,226 Total gold certificate reserves 21,554,375 743,121 7,154,073 1241,422 1455,785 1000,088 831,098 4106,469 608,569 346,101 758,946 613,641 2695,062 Other cash 373,228 23,738 87,738 24,824 23,255 26,639 29,564 60,919 19,941 7,551 13,962 19,596 35,501 Discounts and advances 197,606 1,415 47,740 25,690 4,520 16,290 1,300 67,150 14,455 1,200 11,446 3,600 2,800 Industrial loans 4,484 23 3,6I8 81 606 - — 133 23 U. S. Govt, securities: Bills 335,460 22,742 72,215 20,599 33,444 22,419 19,722 51,818 18,419 10,668 16,133 15,853 31,428 Certificates 12,704,398 861,269 2,734,888 780,127 1266,603 849,022 746,904 1962,449 697,547 404,012 610,993 600,372 1190,212 Notes 5,068,073 343,580 1,091,009 311,210 505,277 338,694 297,957 782,865 278,268 161,170 243,739 239,502 474,802 Bonds S.344.127 362,294 1.150.436 328,161 532,799 357,143 314,187 825,507 293,425 169,949 257,015 252,547 500,664 1 .r r. , r Total U. S. Government securities 23,452,058 1589,885 5,048,548 1440,097 2338,123 1567,278 1378,770 3622,639 1287,659 745,799 1127,880 1108,274 2197,106 -"securities'"4 23,654,148 1591,300 5,096,311 1469,405 2342,643 1583,649 1380,676 3689,789 1302,114 747,132 1139,326 1111,897 2199,906 to=^Ufcarit^k,3,W3:5^ 291:8^ 605:605 = £ ;$ 3^704 284:955 257J64 585:7^ 1^590 96:583 193:430 vtioo 317:623 ^ k% , a -g i ff « .% TOTAL ASSETS 49,470,157 2671,742 13,012,880 2959,037 4163,186 2967,345 2535,358 8513,358 2096,173 1212,788 2123,464 1922,717 5292,109 l/ After deducting $20,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 9, 1952 H.4.1(c) (In thousands of dollars) Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran, L I A B I LI T I ES 24,784,955 1507,521 5,492,391 1750,004 2263,721 1759,845 1360,684 4738,789 1153,243 629,997 967,990 690,545 2470,225 Federal Reserve notes Deposits: Member bank-reserve accts. 20,360,#50 849,745 6,438,828 943,137 1533,339 887,140 911,288 3180,047 759,753 464,436 950,520 1038,791 2411,826 U.S.Treasurer-general acct. 69,047 533 56,810 22 501 599 1,547 536 1,577 1,285 1,963 1,499 2,175 32,686 1/161,493 41,121 48,502 26,887 22,670 73,281 20,034 13,707 20,034 20,034 49,044 Foreign 529,493 8,621 1,363 237 1,289 38,996 Other 242,292 4.387 170.811 2.079 5,170 5,202 2.193 1,944 Total deposits 21,209,682 887,351 6,827,942 986,359 1587,512 919,828 937,698 3255,808 789,985 480,791 972,754 1061,613 2502,04% Deferred avail, cash items 2,543,860 217,616 422,205 150,725 225,592 238,270 195,098 389,812 115,172 76,572 145,740 133,791 233,267 Other liabilities and accrued dividends 12,780 778 3,580 718 1.356 701 592 2,032 584 448 581 476 934 48,551,277 2613,266 12,746,118 2887,806 4078,181 2918,644 2494,072 8386,441 2058,984 1187,808 2087,065 1886,425 5206,467 TOTAL LIABILITIES 10,408 9,865 30,459 8,381 5,394 8,914 11,000 25,517 238,072 13,055 75,510 16,820 22,749 Capital paid in 27,025 23,871 79,601 21,788 14,063 20,367 18,210 47,341 538,342 34,192 159,743 41,493 50,648 Surplus (Section 7) 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o 27,543 3,011 7,319 4,489 1,006 Surplus (Section 13b) 114,923 8,218 24,190 8,429 10,602 7.919 6,788 15,428 6,499 4.450 5,981 5,775 10,644 Other capital accounts TOTAL LIABILITIES AND 49,470,157 2671,742 13,012,880 2959,037 4l63,l86 2967,345 2535,358 8513,358 2096,173 1212,788 2123,464 1922,717 5292,109 CAPITAL ACCOUNTS Contingent liability on acceptances purchased 1,780 for foreign correspondents 19,138 1,186 2/5,780 1 1 , , 4 4 6 9 5 3 1, 9 7 1 6 6 1 9 6 7 3 6 823 2 2 , , 4 6 4 6 7 0 727 498 7 8 2 3 7 0 727 436 Industrial loan commitments 6,157 FEDERAL RESERVE AGENTS* ACCOUNTS 5,830,500 1836,242 2364,977 1852,440 1431,779 4872,844 1206,769 645,509 1006,242 746,156 2628,535 F. R. notes outstanding 25,994,558 1572,565 Collateral for F. R. notes: 4 470,000 750,000 760,000 580,000 510,000 2520,000 270,000 150,000 280,000 219,000 1700,000 Gold certificates 12,559,000 350,000 4/740 25 690 — 11,740 14,455 1,200 11,446 — 2,800 Eligible paper 112,486 1,415 U« S. Govt, securities 14,175,000 1300,000 ^ I ^ H 5 t 5 ^ 90 2385:000 %% Jgffg 4920:000 1284:455 65^200 1 0 7 6 M 00 2902^00 Total collateral 26,846,486 1651,415 1/ After deducting $367,985,000 participations of other Federal Reserve Banks. 2/ After deducting $13,358,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis