H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM g,4.1 (For Immediate Release) January 17> 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended January l6, Member bank reserves increased $119 million. The principal changes supplying reserves were decreases of *274 million in Money in circulation and $58 million in Other deposits with ^ Federal Reserve Banks, and an increase of $50 million in Gold stock. The principal offsetting changes were a decrease of $182 million in Reserve Bank credit, and increases of $69 million in Treasury deposits with Federal Reserve Banks and $11 million in Treasury cash holdings. The decrease of $182 million in Reserve Bank credit resulted from decreases of $333 million in U. S. Government securities and $63 million in Loans, discounts and advances, and an increase of $214 million in Float. Holdings of U. S. Government securities reflected decreases of $212 million in bills and $121 million in certificates. Change since Jan. l6, Jan. 9, Jan. 17, Member Bank Reserves 1952 1952 1951 and Related Items (In millions of dollars) Reserve Bank credit: U. S. Government securities 23,119 -333 +2,321 Loans, discounts and advances 139 - 63 + 35 Float 1,114 +214 + 93 Total 24,372 -182 +2,449 22,822 + 50 + 328 Gold stock Treasury currency outstanding 4,710 + 3 + 75 Money in circulation 28,526 -274 +1,326 Treasury cash holdings 1,291 + 11 12 Treasury deposits with F. R. Banks 138 + 69 + 33 Foreign deposits with F. R. Banks 535 + 6 - 369 Other deposits with F. R« Banks 184 - 58 - 25 Other F. R. accounts (net) 744 + l + .1 20,488 +119 +1,901 Member bank reserves 33 Required reserves (estimated) 1199,,55\\00 - 2 +1,952 +121 - 51 Excess reserves (estimated) Daily average excess reserves (estimated) 864 -243 - 50 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

5.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since January l6, January 9, January 17, 1952 1952 1951 A S S E TS Gold certificates 20,884,951 + 50,000 + 220,549 Redemption fund for F. R. notes 719,421 - 3 + 133,176 Total gold certificate reserves 21,604,372 + 49,997 + 353,725 Other cash 407,248 + 34,020 + 54,332 Discounts and advances 134,612 62,994 + 34,254 Industrial loans 4,271 - 213 + 97C U. S. Government securities: Bills 123,800 211,660 1,134,164 Certificates 12,583,398 - 121,000 + 12,583,398 Notes 5,068,073 «»«•«> - 9,725,378 Bonds 5,344,127 — — - + 597,202 Total U. S. Government securities 23,119,398 - 332,660 + 2,321,05^ Total loans and securities 23,258,281 _ 395,867 + 2,356,282 Due from foreign banks 28 + 4 F. R. notes of other banks 233,180 - 23,417 + 49,625 Uncollected cash items 4,274,947 + 831,355 + 241,405 Bank premises 43,955 -f 260 + 3,713 Other assets 151,232 + 6,738 4* 47,768 TOTAL ASSETS 49,973,243 + 503,086 4- 3,106,85% L I A B I L I T I ES Federal Reserve notes 24,528,824 256,131 4- 1,367,423 - Deposits: Member bank--reserve accounts 20,488,245 + 119,395 + 1,901,227 U. S. Treasurer--general account 137,658 + 68,611 + 32,649 Foreign 534,716 + 5,223 - 369,694 Other 183,947 - 58,345 - 25,527 Total deposits 21,344,566 4- 134,884 4- 1,538,655 Deferred availability cash items 3,160,847 + 616,987 + 148,321 Other liabilities and accrued dividends , 1§z559 - 221 + 5,581 TOTAL LIABILITIES 49,046,796 + 495,519 4- 3,059,900 C A P I T AL A C C O U N TS Capital paid in 239,200 4* 1,128 + 12,415 Surplus (Section 7) 538,342 -- - 4- 28,320 Surplus (Section 13b) 27,543 Other capital accounts 121,362 4- 6,439 + 6,139 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 59,973,243 + 503,086 4- 3,106,05% Ratio of gold certificate reserves to deposit and F. FL note liabilities combined kj + .2$ - 2.4# Contingent liability on acceptances purchased for foreign correspondents l6,336 2,802 9,575 Industrial loan commitments 6,405 + 248 4- 3,986 MATURITY DISTRIBUTION OF LOANS AM) SECURITIES, JANUARY l6, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 111,204 1,009 103,300 16 to 90 days 23,408 973 3,227,742 11 days to 1 year 1,727 11,043,781 Over 1 year to 5 years 562 5,102,256 Over 5 years to 10 years 1,013,614 Over 10 years 2,628,705 Digitized for FRTAoStEaRl 134,612 4,271 23,119,398 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

, /, \ STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY l6, 1952 " ^ ' (In thousands of dollars) A S S E T S- Total Boston New York Phlla. Cleve. Rich. Atlanta Chicago St.Louie Mpls. Kans.Cy. Dallas SaoFran. Gold certificates 20,884,951 681,797 6,846,495 1191,472 1440,546 944,391 800,703 41)0,422 571,455 332,014 747,716 561,654 2616,286 T Tti o t e sU nd f°r 719.421 62.672 77.574 56.090 81.266 66.958 49.706 122,495 49,228 24,998 37,089 28,119 63,226 ^reserves 21,604,372 744,469 6,924,069 1247,562 1521,812 1011,349 850,409 4272,917 620,683 357,012 784,805 589,773 2679,512 ........ SS % If S :S 8 §i tS M £| 3:8! ' IS Industrial loans 4,2?1 — 23 3,368 — 7b " II sit # I I I I I I I I I I i l 1 1 II 'II ^°aecuritles^OV~~^~~ 23,119,396 1567,333 4,976,956 1419,670 2304,958 1545,046 1359,213 3571,253 1269,394 735,220 1111,881 1092,553 2165,941 T°secu^le aad 23,258,281 1570,574 4,996,469 1426,718 2308,478 1557,162 1370,568 3622,603 1280,244 737,673 1125,732 1095,569 2166,491 B iss-••••I 45 # 4 -s # 11 'il IS 114 9 # TOTAL ASSETS 49,973,243 2753,009 12,943,937 2961,933 4319,948 2975,475 2557,878 8738,998 2114,123 1227,799 2146,957 1922,397 5310,789 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.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 16, 1952 (in thousands cf 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 24,528,824 1488,854 5,439,578 1736,080 2244,681 1740,071 1343,771 4687,953 1144,774 624,4o6 958,781 678,520 2441,355 ^Me#er%ank-reserve accts. 20,488,245 885,668 6,227,578 935,365 1636,988 903,972 920;981 3315,806 765,065 476,441 974,397 1023,646 2422,338 U.S.Treasurer-general acct. 137,658 413 128,205 426 568 1,484 1,437 497 591 935 598 512 1,992 Foreign 534,716 32,798 1/165,459 41,262 48,668 26,979 22,747 73,531 20,102 13,754 20,102 20,102 49,212 Other 183,947 5,163 115,169 1,698 5,565 5,463 1,765 2,759 8,157 1,393 258 516 36,036 'Total deposits 21,344,566 924,042 6,636,411 978,751 1691,789 937,898 946,930 3392,593 793,915 492,528 995,355 1044,776 2509,578 Deferred avail, cash items 3,160,84? 280,175 595,657 174,813 296,351 247,762 224,928 528,541 137,387 85,267 155,615 161,725 272,626 Other liabilities and , , . „ nn accrued dividends 12,559 1,178 3,479 630 1,436 572 556 1,899 505 388 491 5^2 883 TOTAL LIABILITIES 49,046,796 2694,249 12,675,125 2890,274 4234,257 2926,303 2516,185 8610,986 2076,581 1202,589 2110,242 1885,5°3 5224,442 capital paid in 239,200 13,057 76,190 l6,84l 22,770 10,425 9,887 30,516 8,390 5,411 8,933 11,23'+ 25,546 Surplus (Section 7) 538,342 34,192 159,743 41,493 50,648 27,025 23,871 79,601 21,788 14,063 20,367 18,210 47,341 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1*429 521 1*073 1*137 Other capital accounts 121,362 8,500 25,560 8,836 11,267 8,373 7,173 16,466 6,843 4,663 6,278 &083 11,320 ; TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,973,243 2753,009 12,943,937 2961,933 4319,948 2975,475 2557,878 8738,998 2114,123 1227,799 2146,957 1922,397 5310,789 Contingent liability on acceptances purchased for foreign correspondents 16,336 1,013 2/4,933 1,274 1,503 833 702 2,271 621 425 621 621 1,519 Industrial loan commitments 6,405 — — 1,713 916 63 — 2,447 830 436 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,848,951 1565,272 5,782,907 1824,596 2352,885 1835,405 1420,135 4857,978 1203,008 638,623 1001,649 741,435 2625,058 Collateral for F. R. notes: Gold certificates 12,659,000 350,000 4,470,000 750,000 760,000 580,000 510,000 2520,000 270,000 150,000 280,000 219,000 1800,000 Eligible paper 60,742 3,241 19,035 3,680 --- 7,665 — - --- 10,850 2,320 13,851 --- 100 ( U. S. Govt, securities 13,975,000 1300,000 1,500,000 1100,000 l625;000 1300,000 950,000 2400,000 1000,000 ^0^,,000 750,000 5 1 0 0 0 , 0 00 Total collateral 26,694,742 1653,241 5,989,035 1853,680 2385,000 1887,665 lt6o,000 4920,600 1280,850 65(,320 1043,851 76-r,000 ^800,100 1/ After deducting $369,242,000 participations of other Federal Reserve Eirkz, 2/ After deducting $11,403,000 participations of other Federal Reserve Tamils. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis