H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF TH EFEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) January 24, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended January 23, Member Bank reserves increased $172 million. The principal changes supplying reserves were decreases of $184 million in Money in circulation, $127 million in Treasury deposits with Federal Reserve Banks, $40 million in Foreign deposits with Federal Reserve Banks, and $l6 million in Other deposits with Federal Reserve Banks, $11 million in Treasury cash holdings, and an increase of $50 million in Gold stock. These changes were largely offset by a decrease of $256 million in Reserve Bank credit. The decrease of $256 million in Reserve Bank credit resulted from decreases of $126 million in U. S. Government securities ,$108 million in Float, and $22 million in Loans, discounts and advances. Holdings of U. S. Government securities, which include $22 million certificates of indebtedness - special series, issued to the Federal Reserve Banks, reflected decreases of $71 million in bills and $55 million in certificates. Change since Member Bank Reserves Jan. 23, Jan. 16, Jan. 24, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit; U. S* Government securities 22,993 -126 +2,448 Loans, discounts and advances 117 - 22 - 159 Float 1,006 -108 + 219 Total 24,116 -256 +2,508 Gold stock 22,872 + 50 + 429 Treasury currency outstanding 4,711 + 1 + 76 Money in circulation 28,342 -184 +1,314 Treasury cash holdings l,28o - 11 - 23 Treasury deposits with F. R. Banks 11 -127 - 245 Foreign deposits with F. R. Banks 495 - 40 - 355 Other deposits with F. R. Banks 168 - 16 - 77 Other F. R. accounts (net) 7^3 - 1 Member bank reserves 20,660 +172 +2,400 Required reserves (estimated) 19,56^ - 1 +1,959 Excess reserves (estimated) l,09t +173 + 441 Daily average excess reserves (estimated) 1,166 +302 + 453 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 January 23, January 16, January 24, 1952 1952 1951 A S S E TS Gold certificates 20,957,253 + 72,302 + 335,350 Redemption fund for F. R. notes 719,257 l64 + 130,802 - Total gold certificate reserves 21,676,510 + 72,138 + 466,152 Other cash 427,738 + 20,490 + 54,485 Discounts and advances 112,437 - 22,175 - 159,879 Industrial loans 4,391 + 120 + 1,145 U. S, Government securities: Bills 52,400 71,400 1,112,464 - - Certificates 12,528,898 54,500 +12,528,898 - Notes 5,068,073 — — — - 9,565,178 Bonds 5,344,127 — —— + 597,502 Total U. S. Government securities 22,993,498 - 125,900 + 2,448,758 Total loans and securities 23,110,326 147,955 + 2,290,024 Due from foreign banks 28 + 4 F. R. notes of other banks 218,184 - 14,996 + 46,492 Uncollected cash items 3,873,132 - 401,815 + 266,723 Bank premises 43,984 + 29 + 3,719 Other assets 159,771 + 8,539 + 51,251 TOTAL ASSETS 49,509,673 463,570 + 3,178,850 L I A B I L I T I ES Federal Reserve notes 2244,,336622,,007777 - 166,747 + 1,353,539 Deposits: Member bank--reserve accounts 20,659,790 + 171,545 + 2,399,887 U. S. Treasurer--general account 11,001 - 126,657 - 245,420 Foreign 494,593 - 40,123 - 355,728 Other 167,981 - 15,966 - 76,683 Total deposits 21,333,365 - 11,201 + 1,722,056 Deferred availability cash items 2,867,309 - 293,538 + 48,087 Other liabilities and accrued dividends 13,461 + 902 + 5,266 TOTAL LIABILITIES 48,576,212 - 470,584 + 3,128,948 C A P I T AL A C C O U N TS Capital paid in 239,495 + 295 + 12,795 Surplus (Section 7) 538,342 m. mm mm + 28,320 Surplus (Section 13b) 27,543 — — — - —- Other capital accounts 128,081 + 6,719 + 8,787 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,509,673 - 463,570 + 3,178,850 Ratio of gold certificate reserves to deposit .% and F. R. note liabilities combined 47.45& + - 22..44## Contingent liability on acceptances purchased for foreign correspondents 14,287 - 2,049 - 11,157 Industrial loan commitments 6,461 + 56 + 3,993 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 23, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 89,478 1,011 74,400 16 to 90 days 22,959 1,007 3,207,242 91 days to 1 year 1,243 10,967,281 Over 1 year to 5 years 1,130 5,102,256 Over 5 years to 10 years 1,013,614 Over 10 years 2,628,705 Total 112,437 4,391 22,993,498 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 JANUARY 23, 1952 (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 20,957,253 698,486 7,262,861 1193,793 1399,154 868,203 759,987 4009,485 557,982 310,077 736,719 540,706 2619,800 Redemption fund for F. R. notes 719,257 62,661 77,537 56,076 81,252 66,944 49,693 122,484 49,218 24,993 37,080 28,116 63,203 Total gold certificate reserves 21,676,510 761,147 7,340,398 1249,869 1480,406 935,147 809,680 4131,969 607,200 335,070 773,799 568,822 2683,003 Other cash 427,738 28,509 95,090 30,722 31,250 29,151 32,511 70,700 20,885 8,365 16,239 21,316 43,000 Discounts and advances 112,437 82 19,115 2,880 2,600 9,950 4,100 43,300 12,575 275 11,560 3,000 3,000 Industrial loans 4,391 — 23 3,512 — 72 624 — — 133 — 27 — U. S. Govt, securities: Bills 52,400 3,552 11,280 3,218 5,224 3,502 3,080 8,094 2,877 1,666 2,521 2,477 4,909 Certificates 12,528,898 849,372 2,697,108 769,350 1249,106 837,293 736,587 1935,339 687,911 398,432 602,551 592,078 1173,771 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 5,344,127 362,294 1,150,436 328,161 532,799 357,143 314,187 825,507 293,425 169,949 257,015 252,547 500,664 Total U. S. Government securities 22,993,498 1558,798 4,949,833 1411,939 2292,4o6 1536,632 1351,811 3551,805 1262,481 731,217 1105,826 1086,604 2154,146 Total loans and securities 23,110,326 1558,880 4,968,971 1418,331 2295,006 1546,654 1356,535 3595,105 1275,056 731,625 1117,386 1089,631 2157,146 Due from foreign banks 28 2 1/ 8 2 3 1 1 4 1 1 1 1 3 F.R.notes of other hanks 218,184 4,015 22,526 7,682 11,381 64,255 22,532 21,263 9,237 7,635 7,334 16,243 24,08l Uncollected cash items 3,873,132 373,637 694,944 205,615 356,497 332,308 296,866 573,075 163,989 99,300 207,458 217,949 351>94 Bank premises 43,984 1,017 7,498 2,848 4,762 4,179 2,972 6,499 3,265 1,083 2,458 651 6,752 Other assets 159,771 11,590 33,8l6 9,679 16,434 10,8ll 9,544 24,217 8,535 4,903 7,869 7,619 14,754 TOTAL ASSETS 49,509,673 2738,797 13,163,251 2924,748 4195,739 2922,506 2530,641 8422,832 2088,168 1187,982 2132,544 1922,232 5280,233 l/ After deducting $20,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

n , / \ Dlti'iriMElNl Of UUiNUlTiOiN OF TtiE FEljtitiAL RlStiEKVii; tiAJNK OSN JANUAitX 2-3, 19t>* u r *" * (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. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,362,077 1479,044 5,405,48% 1725,298 2230,059 1728,828 1331,338 4661,018 1137,398 622,185 95^,186 670,773 2416,465 $Memt"aUk-re=er»e accts. 20,659,790 949,836 6,730,8,6 928,684 1564,940 868,652 887,437 3136,078 746,272 453,212 959,578 1011,648 2422,597 Fo1;!Sa8Urer"8eneral aCCt' 494:593 30,374 1/152,629 38,212 45,071 24,985 21:066 68,096 18,616 12^37 18,616 18,616 4^575 167:981 5:230 -100:257 1.731 5.778 2,722 1.461 3,162 8.496 1.123 120 453 37,448 Other 2 9 9 ^: SM ''%7 :i57 :™«2 8:S « S:S §% « ltero °a=cruedati"dIinBLanSa 13.461 900 3.598 673 1,763 §54 629 h32L 56l 534 549 5 689 914 ™ "I:! |:f : = k =& :sf •«! a " iT5 % *:S IS 11 I S£1 T° ™ l S f I S o i ^ SA r a> 49,509,673 2738,797 13,163,251 2924,748 4195,739 2922,506 2530,641 8422,832 2088,168 1187,982 2132,544 1922,232 5280,233 Contingent liability on for^oreign correspondents 14,287 886 2/4,315 1,114 1,314 729 6l4 1,986 543 371 543 543 1,329 Industrial loan commitments 6,46l — — 1 >9 9%6 63 — 2,447 - 830 — 436 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,721,383 1561,304 5,739,415 1825,234 2343,493 1826,530 1413,584 4838,968 1194,227 635,973 995,750 736,363 2610,542 C°Goldecertificates* 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 iifo'M sSS i8&: x5s;gs 2^;r 1/ After deducting $341,950,000 participations of other Federal Reserve Banks. 2/ After deducting $9,972,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis