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 31# 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended January 30, Member bank reserves decreased $6U7 million. The principal changes reducing reserves were a decrease of ib09 million in Reserve Bank credit, and increases of $210 million in Treasury deposits with Federal Reserve Banks, $10U million in Other deposits with Federal Reserve Banks, and $22 million in Treasury cash holdings. The principal offsetting changes were an increase of $59 million in Gold stock and a decrease of $38 million in Foreign deposits with Federal Reserve Banks. The decrease of $U09 million in Reserve Bank credit resulted from decreases of $299 million in Float and $208 million in U. S. Government securities, and an increase of $98 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected decreases of $1$6 million in certificates and $52 million in bills* I Change since Member Bank Reserves Jan. 30, Jan. 23, Jan ' 31. and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,785 -208 +1 ,301 Loans, discounts and advances 215 + 98 - 587 Float , 707 -299 #* 58 Total 23,707 —It 09 + 656 Gold stock 22,931 + 59 + 539 Treasury currency outstanding U,716 + 5 + 78 Money in circulation 28,3U7 + 5 +1 ,299 Treasury cash holdings 1,302 + 22 + 5 Treasury deposits with F, R, Banks 221 +210 - 586 Foreign deposits with F. R. Banks U57 ~ 38 we i*09 Other deposits with F. R. Banks 272 +101 - 68 Other F. R. accounts (net) 712 - 1 + 5 Member bank reserves 20,013 ~6U7 +1 ,029 19,lm&> 39k Required reserves (estimated) - 99 +1 >23 Excess reserves (estimated) -5U8 - Daily average excess reserves (estimated) 729 -14-37 + 237 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 30, January 23, January 31, 1952 1952 1951 A S S E TS Gold certificates 21,012,254 + 55,001 + 447,352 Redemption fund for F. R. notes 719,231 - 26 + 123,859 Total gold certificate reserves 21,731,465 + 54,975 + 571,211 Other cash 431,378 + 3,640 + 46,660 Discounts and advances 210,145 + 97,708 + 587,997 Industrial loans 4,410 + 19 + 965 U. S. Government securities: Bills 52,400 1,698,664 Certificates 12,372,998 - 155,900 +12,372,998 Notes 5,068,073 — «* — - 9,752,210 Bonds 5,344,127 — — + 378,702 Total U. S. Government securities 22,785,198 - 208,300 + 1,300,826 Total loans and securities 22,999,753 110,573 + 713,794 Due from foreign banks 28 — — — + 4 F. R. notes of other banks 210,345 - 7,839 + 44,353 Uncollected cash items 3,424,083 - 449,049 + 142,446 Bank premises 43,917 67 + 3,7^2 Other assets 167,280 + 7,509 + 48,430 TOTAL ASSETS 49,006,269 - 501,404 + 1,570,640 L I A B I L I T I ES 24,374,926 + 12,849 + 1,348,605 Federal Reserve notes Deposits: 20,012,918 - 646,872 + 1,028,794 Member bank--reserve accounts 220,880 + 209,879 586,462 U. S. Treasurer--general account 456,995 - 37,598 409,460 Foreign 271,746 + 103,765 68,271 Other 20,962,539 : 370,826 35,399 Total deposits 2,717,158 - 150,151 + 200,182 Deferred availability cash items 13,533 +_ 72 + 5,111 Other liabilities and accrued dividends 48,068,156 - 508,056 + 1,518,499 TOTAL LIABILITIES C A P I T AL A C C O U N TS Capital paid in 239,766 271 + 12,865 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) . 27,543 Other capital accounts 134,462 + 6,381 + 10,956 $0$KL LIABILITIES AND CAPITAL ACCOUNTS 49,006,269 : 501,404 + 1,570,640 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 47.9# .5% .2$ Contingent liability on acceptances purchased for foreign correspondents 12,826 1,461 14,320 Industrial loan commitments 6,589 128 3,264 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 30, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 184,301 687 l6 to 90 days 25,844 1,088 3,207,242 91 days to 1 year 1,527 10,833,381 Over 1 year to 5 years 1,108 5,102,256 Over 5 years to 10 years 1,013,614 Over 10 years 2,628,705 Total 210,145" 4,410 22,785,198 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 30, 1952 H.4.l("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 21,012,254 646,303. 7,329,362 1200,39% 1394,073 855,735 777,749 4024,521 545,799 325,724 721,394 545,802 2645,398 BFdlTnotef"03 f°r 719.231 62.660 77.537 56.076 81.252 66,944 49.693 122,462 49,219 24,993 37,060 28,112 63,203 T0gy|||_certificate 1475,325 922,679 827,442 4146,983 595,018 350,717 758,474 573,914 2708,601 7)1io6)899 ..... K IS ' US 'IS $:§ S:g S:S 1;| «8 SS Industrial loans 4,410 — 23 3,509 — 75 638 132 — 33 — U. S. Govt, securities: E lis 11 iSS IS II ia IS IS SIIf iIsS?if ^securities"0"""""""" 22,785,198 1544,677 4,904,992 1399,148 2271,639 1522,712 1339,565 3519,630 1251,044 724,592 1095,808 1076,760 2134,631 ""securities'^ 22,999,753 1550,217 4,928,900 1405,837 2276,989 1546,802 1354,053 3581,530 1268,344 727,959 1120,648 1083,193 2155,281 g a # # -1 ii 4 ii i1lII -111 TOTAL ASSETS 49,008,269 2604,364 13,110,592 2920,807 4149,956 2865,980 2490,284 8418,719 2045,388 1195,535 2103,558 1856,366 5246,720 1/ 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 30, 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 L I T I ES Federal Reserve notes 24,374,926 1482,293 5,405,068 1725,885 2223,051 1732,728 1341,217 4654,524 1139,194 661199,,994499 958,670 679,867 2412,480 Deposits: Member bank-reserve accts. 20,012,918 805,04? 6,443,037 909,126 1529,808 811,899 869,225 3122,523 724,681 450,797 935,982 983,811 2426,982 U.S.Treasurer-general acct. 220,880 539 206,896 1,830 600 514 1,620 549 529 4,606 588 598 2,011 Foreign 456,995 29,580 1/123,964 37,214 43,893 24,332 20,515 66,317 18,130 12,405 18,130 18,130 44,385 Other 271,746 3,750 ~ 199,888 1,852 6,068 3,452 3,758 2,512 8,885 1,929 525 514 38,613 Total deposits 20,962,539 838,916 6,973,785 950,022 1580,369 840,197 895,118 3191,901 752,225 469,737 955,225 1003,053 2511,991 Deferred avail, cash items 2,717,158 222,406 456,569 171,823 257,848 242,231 210,795 440,232 115,083 79,719 151,581 135,267 233,604 Other liabilities and accrued dividends 13,533 l,l4o 3,r89 625 1,669 681 678 1,850 595 487 595 685 939 4062,937 2815,837 2447,808 8288,507 2007,097 1169,892 2066,071 1818,872 5159,014 TOTAL LIABILITIES 48,068,156 2544,755 12,839,011 2848,355 Capital paid in 239,766 13,065 76,286 16,861 22,604 10,494 9,899 30,631 8,399 5,419 9,059 11,292 25,557 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 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Surplus (Section 13b) 27,543 3,011 7,319 4,489 Other capital accounts 134.462 9,341 28,233 9,609 12,561 9,275 7,944 18,551 7,583 5,088 6,924 6,685 12,668 TOTAL LIABILITIES AND 49,008,269 2604,364 13,110,592 2920,807 4149,956 2865,980 2490,284 8418,719 2045,388 1195,535 2103,558 1856,366 5246,720 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 12,826 795 2/3,874 1,000 1,180 654 552 1,783 487 334 487 487 1,193 Industrial lean commitments 6,589 1,897 916 63 2,447 830 436 FEDERAL RESERVE AGENTS' ACCOUNTS 25,632,082 1569,269 5,685,260 1822,849 2337,495 1824,187 1406,703 4821,458 1193,366 634,620 995,924 735,811 2605,l4o F. R« notes outstanding Collateral for F,R. notes: 150,000 280,000 219,000 1800,000 Gold certificates 12,684,000 350,000 4,470,000 750,000 760,000 580,000 485,000 2570,000 270,000 Eligible paper 110,770 5,540 18,085 3,180 --- 17,940 — --- 17,300 3,235 24,840 20,650 U. S. Govt, securities 13,775,000 1300,000 1.400,000 1100,000 1625,000 1300,000 950,000 2300,000 1000,000 505,000 750,000 545,000 1000,000 Total collateral 26,569,770 1655,540 5,888,085 1853,180 2385,000 1897,940 1435,000 4870,000 1287,300 658,235 1054,840 764,000 2820,650 1/ After deducting $333,016,000 participations of other Federal Reserve Banks. 2/ After deducting $8,952,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis