H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) February 7# 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended February 6, Member bank reserves increased $135 million. The principal changes supplying reserves were a decrease of $169 million in Treasury deposits with Federal Reserve Banks and an increase of $59 million in Gold stock. The principal offsetting changes were a decrease of $51 million in Reserve Bank credit and increases of $31 million in Money in circulation and $15 million in Treasury cash holdings. The decrease of $51 million in Reserve Bank credit resulted from a decrease of $171 million in U. S, Government securities and increases of $72 million in Leans, discounts and advances and $47 million in Float. Holdings of U. S. Government securities reflected a decrease of $171 million in certificates. Change since Member Bank Reserves Feb. 6, Jan. 30, Feb. 7, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S, Government securities 22,614 -171 + 973 Loans, discounts and advances 287 + 72 - 359 Float 754 + 47 - 219 Total 23,656 - 51 + 396 Gold stock 22,990 + 59 + 649 Treasury currency outstanding 4,717 + 1 + 79 Money in circulation 28,378 + 31 +1,253 Treasury cash holdings 1,317 + 15 + 10 Treasury deposits with F, R, Banks 52 -169 - 743 Foreign deposits with F. R. Banks 462 + 5 - 425 Other deposits with F. R. Banks 266 - 6 - 47 Other F« R. accounts (net) 741 - 1 + 5 Member bank reserves 20,148 +135 +1,073 Required reserves (estimated) 19,446- ^ - 24 +1,197 Excess reserves (estimated) 70^0# +159 - 124 Daily average excess reserves (estimated) 625 + 46 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since February 6, January 30, February 7, 1952 1952 1951 A S S E TS Gold certificates 21,074,252 + 61,998 + 561,349 Redemption fund for F. R. notes 708,102 - 11,129 + 110,797 Total gold certificate reserves 21,782,354 + 50,869 + 672,146 Other cash 422,722 - 8,656 H- 63,337 Discounts and advances 282,833 + 72,688 - 360,072 Industrial loans 4,529 + 119 + 950 U. S. Government securities: l,66l,164 Bills Certificates 12,202,148 - 170,850 +12,202,148 Notes 5,068,073 •» — — - 9,831,710 Bonds 5,344,127 —«- — + 264,452 Total U. S. Government securities 22,614,348 - 170,850 + 973,726 Total loans and securities 22,901,710 98,043 + 614,604 Due from foreign banks 28 w mm + 4 F. R. notes of other banks 195,903 - 14,442 + 17,558 Uncollected cash items 3,357,931 - 66,152 + 124,713 Bank premises 43,902 - 15 + 3,713 Other assets 174,748 + 7,468 + 48,480 TOTAL ASSETS 48,879,29$ - 128,971 + 1,544,555 L I A B I L I T I ES Federal Reserve notes 24,388,353 + 13,427 + 1,287,429 Deposits: Member bank--reserve accounts 20,147,740 + 134,822 + 1,072,463 U. S. Treasurer--general account 51#629 - 169,251 743,806 Foreign 462,192 + 5,197 - 424,727 Other 265,752 5,994 47,626 Total deposits 20,927,313 -35,226 - 143,696 Deferred availability cash items 2,603,9*7 - 113,211 + 343,340 Other liabilities and accrued dividends 13,276 257 + . 3,943 TOTAL LIABILITIES 47,932,889 - 135,267 + 1,491,016 C A P I T AL A C C O U N TS Capital paid in 240,094 328 + 12,818 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 140,430 5,968 + 12,401 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,879,29# 128,971 + 1,544,555 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 48.1% Contingent liability on acceptances purchased for foreign correspondents 12,310 516 15,725 Industrial loan commitments 7,162 573 4,215 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 6, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 253,654 747 ~~~ 16 to 90 days 29,179 790 3,207,242 w 91 days to 1 year -— 1,912 10,662,531 Over 1 year to 5 years — 1,080 5,102,256 Over 5 years to 10 years 1,013,614 Over 10 years 2,628,705 Total 282,833 4,529 22,614,348 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1.4.1(13) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 6, 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 21,074,252 682,382 7,206,337 1227,510 1523,592 908,985 787,435 3989,938 561,107 328,440 713,412 584,487 2560,627 Redemption fund for F. R. notes 708,102 62,365 76,399 55,499 80,896 64,302 49,438 117,066 49,124 24,952 36,995 28,039 63,027 Total gold certificate reserves 21,782,354 744,747 7,282,736 1283,009 1604,488 973,287 836,873 4107,004 610,231 353,392 750,407 612,526 2623,654 Other cash 422,722 31,499 91,248 33,228 32,253 26,359 31,762 75,732 18,450 8,543 15,491 17,042 41,115 Discounts and advances 282,833 11,908 17,900 3,635 13,450 20,990 9,000 121,550 22,385 3,050 37,815 8,000 13,150 Industrial loans 4,529 23 3,562 75 714 — 131 24 U. S. Govt, securities: Certificates 12,202,148 827,221 2,626,768 749,286 1216,529 815,457 717,376 1884,866 669,971 388,040 586,838 576,637 1143,159 Notes 5,068,073 343,580 1,091,<X)9 311,210 505,277 338,694 297,957 782,865 278,268 161,170 243,739 239,502 474,802 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 22,614,348 1533,095 4,868,213 1388,657 2254,605 1511,294 1329,520 3493,238 1241,664 719,159 1087,592 1068,686 2118,625 T°secu^itie a~ 22,901,710 1545,003 4,886,136 1395,854 2268,055 1532,359 1339,234 3614,788 1264,049 722,340 1125,407 1076,710 2131,775 8 Due from foreign banks 28 2 1/ 8 2 3 1 1 ^ ^ ^ 1 z U^llecLdfcaSheitemsk83,357^31 313/016 57^244 208^42 291,^8 266^959 23^720 53^219 l44,'l35 97,^44 179,'808 168^55 345,'371 0therPIssetsS 174:748 12^732 36i576 10!594 18^233 ll',7l£ 1M06 26,502 9,324 5^409 8*, 541 8^226 16^91 TOTAL ASSETS 48,879,298 2652,071 12,896,241 2940,235 4226,891 2879,654 2480,994 8379,934 2056,389 1194,464 2089,593 1897,957 5184,875 1/ After deducting $20,000 participations of other Federa lReserve Banks., Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKSON FEBRUARY6, 1952 H.4.1(c) (in thousands of dollars) Mpla Kans.Gy, Dallas SanFran. L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 623,167 960,791 679,807 2427,862 Federal Reserve notes 24,388,353 1487,321 5,399,591 1723,733 2223,024 1730,303 1342,211 4652,349 1138,194 D M e U e p . m o S b s . e i T t r r s e a : b s a u n r k e - r r - e g s e e n r e v r e a l a c a c c t c s t . . 2 5 0 1 , , 1 6 4 2 7 9 , 740 848, 5 74 3 2 1 6,41 4 7 1 , , 6 4 7 6 7 8 9 4 3 2 1 5 ,559 5 1 2 6 2 35,593 8 53 51 7 , 365 87 1 9, , 3 9 2 9 3 8 3 5 1 7 2 1 9,005 1 7 , 3 8 1 8 , 3 9 70 452, 3 28 3 6 0 927,4 5 4 8 3 7 1 1 0 , 1 0 7 6 , 2 181 1 2 , 3 7 2 : 5 5 , 556 12,090 17,670 17,670 43,260 28,830 1/137,607 36,270 42,780 23,715 19,995 64,635 17,670 Foreign 462,192 Other 265,752 3.658 199,131 2,188 4,708 4,791 1.518 1.895 8,648 1,445 1.695 473 35,602 Def T e o r t r a e l d d a e v po a s i i l t , s c 2 a 0 s , h 92 it 7 e , m 3 s 1 3 2 ,603,94? 2 8 2 8 2 1 , , 1 7 4 6 9 1 6,7 4 9 2 5 4 , , 8 7 8 5 3 1 9 1 7 7 0 2 , , 4 5 4 24 2 2 1 3 6 0 8 , 3 8 , 4 6 1 03 2 8 1 8 7 0 , , 7 4 6 0 4 8 1 9 9 0 2 2 , , 4 8 5 3 8 4 3 3 9 1 8 9 , 6 0 , 3 1 9 0 6 7 1 6 1 0 8 , , 1 9 7 0 1 8 4 7 6 8 6 , , 5 1 3 5 5 1 1 9 4 4 3 7 , , 0 3 8 95 2 1 1 0 4 3 3 6 , , 3 3 8 8 6 6 2 2 4 6 c 1 6 , , 5 l : " 0 3 Ot a h c e cr r u e l d i ab d i i l v i i t d i e e nd s s a nd 13.276 810 3,227 751 1,681 684 619 2,202 551 7 86 529 5H 9'4. C S a u T p r O i p T t lu A a s L l ( L p S I a e A i c B d t I i i L o n I n T I 2 E 7 4 S ) 0 , 4 0 5 7 9 3 , 8 4 9 , 3 3 2 4 , 2 8 89 259 1 3 2 4 3 , , , 0 1 0 9 4 6 2 1 9 12, 1 6 7 5 2 6 9 3 , , , 3 7 4 0 4 5 5 3 2 286 1 41 7 6 , , , 4 4 8 9 5 6 3 0 8 41 2 3 5 2 9 0 , , , 8 6 1 8 4 4 4 8 9 28 2 2 1 7 9 0 , , , 0 1 5 2 5 0 5 9 0 24 2 3 3 8 9 , , , 8 9 1 3 2 7 2 2 1 82 7 4 3 9 8 0 , , , 6 6 6 9 0 8 6 4 1 20 2 1 1 8 7 , , , 7 4 8 8 3 2 4 4 8 11 1 6 4 5 8 , , , 0 4 6 6 2 3 2 9 3 9 2 2 , 0 0 0 5 , 7 1 3 1 , 6 7 7 1 9 1 7 , 3 1 1 4 8 8 1 , 6 2 0 1 ,0 0 96 5 2 4 0 5 7 9 , , 6 5 3 , 8 4 4 4 1 5 4 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,14C Other capital accounts 140,430 9,758 29,422 9,935 13,204 9,621 8,307 19,524 7,822 5,267 7,221 7,003 13,34o TOTAL LIABILITIES AND 48,879,298 2652,071 12,896,241 2940,235 4226,891 2879,654 2480,994 8379,934 2056,389 1194,464 2089,593 1897,957 5184,875 CAPITAL ACCOUNTS Contingent liability on I a f n c o d c r u e s p f t t o r a r i n a e c i l e g s n l o p c a u o n r r c r c h e o a s m s p m e o i d n t d m e e n n t t s s 7 1 , 2 1 , 6 3 2 1 0 763 2/3,718 960 2,495 9 1 1 , 6 132 6 62 3 8 529 2 1 , , 4 7 3 H 4 468 320 4 82 6 5 8 468 1, 4 1 2 4 9 5 FEDERAL RESERVE AGENTS' ACCOUNTS 1568,889 5,671,412 1801,907 2332,948 1821,160 1404,768 4807,684 1189,816 634,533 989,274 732,269 2588,443 F. R. notes outstanding 25,5^3,103 Collateral for F.R. notes: 350,000 4,470,000 750,000 760,000 580,000 485,000 2570,000 270,000 150,000 280,000 219,000 1800,000 Gold certificates 12,684,000 15,615 Eligible paper 125,358 U, S. Govt, securities 13 775,000 r Total collateral 26,584,358 1/ After deducting $324,570,000 participations of other Federal Reserve Banks. 2/ After deducting $8,592,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1