H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) February 14, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items . _ During the week ended February 13, Member bank reserves decreased $5' million. The principal changes reducing reserves were increases of $209 million in Treasury deposits with Federal Reserve Banks and $47 million in Money in circulation. The principal offsetting changes were increases of $97 million in Reserve BanK credit and $21 million in Gold stock, and decreases of $4l million in Treasury cash holdings and $34 million in Foreign deposits with Federal Reserve Banks. increase of $97 million in Reserve Bank credit resulted from an in- .*337 million in Loans, discounts and advances, and decreases of no m^lllon in Floa-t and $115 million in U. S. Government securities. Holdings of °* Government securities reflected a decrease of $115 million in certificates. Change since Member Bank Reserves and Related Items 1952 1952' 195-1 (In millions of dollars) Reserve Bank credit: U S. Government securities % 22,499 -115 + 691 Loans, discounts and advances 624 +337 + 326 Float 630 -124 - 595 Total 23,753 + 97 + 423 Gold stock 23,011 + 21 + 751 Treasury currency outstanding 4,717 + 80 Money in circulation 28,425 + 47 +1 ,266 Treasury cash holdings 1,276 - 4l - 16 Treasury deposits with F. R. Banks 261 +209 603 - Foreign deposits with F. R. Banks 428 - 34 - 488 Other deposits with F. R. Banks 257 - 9 - 53 Other F. R. accounts (net) 741 + 7 Member bank reserves 20,094 - 54 +1 ,142 Required reserves (estimated) 19,33rf-0A -129 +1 ,10 6 Excess reserves (estimated) 7 ^0 + 75 + 36 Daily average excess reserves (estimated) 724 + 99 + 107 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 February 13, February 6, February 14, 1952 1952 1951 A S S E TS Gold certificates 21,119,252 + 45,000 + 688,349 Redemption fund for F. R. notes 708,102 + 113,817 Total gold certificate reserves 21,827,354 + 45,000 + 802,166 Other cash 431,623 + 8,901 + 64,62? Discounts and advances 619,339 + 336,506 + 325,004 Industrial loans 4,630 + 101 + 1,110 U. S. Government securities: Bills 1,699,664 Certificates 12,087,148 - 115,000 +12,087,148 Notes 5,068,073 9,837,610 ——— - Bonds 5,344,127 + 141,952 — —— Total U. S. Government securities 22,499,348 115,000 + 691,826 - Total loans and securities 23,123,317 + 221,607 + 1,017,940 Due from foreign banks 28 — — — + 4 F. R. notes of other banks 179,434 16,469 + 28,627 - Uncollected cash items Bank premises 3,757,090 + 399,159 - 468,530 44,059 + 157 + 3,723 Other assets 182,136 + 7,388 + 48,667 TOTAL ASSETS 49,545,041 + 665,743 + 1,497,219 L I A B I L I T I ES Federal Reserve notes 24,410,969 + 22,616 + 1,314,272 Deposits: Member bank--reserve accounts 20,093,579 54,161 + 1,141,873 U. S. Treasurer--general account 261,208 + 209,579 - 602,871 Foreign 427,871 34,321 488,370 - - Other 257,179 - 8,573 ~ 53,215 Total deposits 21,039,837 + 112,524 - 2,583 Deferred availability cash items 3,127,422 + 523,475 + 126,640 Other liabilities and accrued dividends 13,979 + 703 + 3,532 TOTAL LIABILITIES 55,592,207 + 659,318 + T~%4i,861 C A P I T AL A C C O U N TS Capital paid in 240,271 + 177 + 12,757 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 146,678 6*248 + 14,281 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,545,041 + 665,743 + 1,497,219 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 48.0$ .1$ + .4% - Contingent liability on acceptances purchased for foreign correspondents 11,672 638 • 17,062 Industrial loan commitments 7,071 - 91 + 4,050 MATURITY DISTRIBUTION OF LOANS AND SECURITIES,FEBRUARY 13, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 595,886 781 16 to 90 days »,453 881 3,207,242 91 days to 1 year 1,916 10,547,531 Over 1 year to 5 years 1,052 5,102,256 Over 5 years to 10 years 1,013,614 Over 10 years 2,628,705 Total 619,339 "W 22,499,348 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 13, 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 21,119,252 652,678 7,476,889 1228,823 1444,670 882,764 773,560 4000,031 554,997 332,538 677,736 615,628 2478,938 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 21,827,35% 715,043 7,553,288 1284,322 1525,566 947,066 822,998 4117,097 604,121 357,490 714,731 643,667 2541,965 Other cash 431,623 31,760 96,322 31,130 37,080 27,470 32,25? 76,350 18,810 7,834 16,043 16,279 40,293 Discounts and advances 619,339 9,129 29,945 8,420 25,250 20,305 12,900 185,000 17,575 1,750 43,115 8,000 257,950 Industrial loans 4,630 — 23 3,654 — 75 731 — — 131 — 16 — U. S. Govt, securities: Certificates 12,087,148 819,424 2,602,012 742,224 1205,064 807,772 710,615 1867,102 663,656 384,383 581,307 571,203 1132,386 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 22,499,348 1525,298 4,843,457 1381,595 2243,140 1503,609 1322,759 3475,474 1235,349 715,502 1082,061 1063,252 2107,852 Total loans and securities 23,123,317 1534,427 4,873,425 1393,669 2268,390 1523,989 1336,390 3660,474 1252,924 717,383 1125,176 1071,268 2365,802 Due from foreign banks 28 2 1/ 8 2 3 1 1 4 1 1 1 1 3 F.R.notes of other banks 179,434 4,337 17,736 5,178 7,424 59,654 24,534 16,864 6,774 5,614 5,453 11,155 14,711 Uncollected cash items 3,757,090 343,978 651,821 217,739 350,644 301,093 266,166 601,229 160,695 105,511 207,053 141,266 409,895 Bank premises 44,059 1,013 7,511 2,848 4,749 4,183 3,113 6,474 3,250 1,080 2,442 647 6,749 Other assets 182,136 13,276 38,361 11,043 18,884 12,282 10,816 27,623 9,781 5,595 8,884 8,563 17,028 TOTAL ASSETS 49,545,041 2643,836 13,238,472 2945,931 4212,740 2875,738 2496,270 8506,115 2056,356 1200,508 2079,783 1892,846 5396,446 l/ 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.i(c ) STATEMENT OF CONDITION Oi?' Thti FEDERAL RESERVE BANKS OK FEBRUARY 13, 1952 (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 MpJs. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,410,969 1490,188 5,409,168 1732,550 2230,824 1726,772 1328,251 4659,974 1135,877 622,509 958,200 675,844 2440,812 Deposits: . Member bank-reserve accts. 20,093,579 842,611 6,390,859 896,704 1538,581 810,341 872,444 3143,772 725,46? 453,728 899,500 1014,310 2505,262 U.S. Treasurer -general acct. 261,208 594 240,982 705 529 522 534 521 555 6,871 559 574 8,262 Foreign 427,871 26,015 1/134,974 32,729 38,603 21,400 18,043 58,324 15,945 10,910 15,9^5 15,945 39,038 Other 257,179 4,394 ~ 184,434 3,683 4,519 5,881 2,633 1,215 8,872 1,578 1,774 1,283 36,913 Total deposits 21,039,837 873,6l4 6,951,249 933,821 1582,232 838,144 893,654 3203,832 750,839 473,08? 917,778 1032,112 2589,475 Deferred avail, cash items 3,127,422 218,574 600,526 205,673 309,530 259,146 230,4l6 508,063 130,028 78,144 165,051 146,133 276,138 Other liabilities and accrued dividends 13,979 1,021 3,472 733 1,749 739 708 2,014 691 735 604 583 930 TOTAL LIABILITIES 48,592,20? 2583,397 12,964,415 2872,777 4124,335 2824,801 2453,029 8373,883 2017,435 1174,475 2041,633 1854,672 5307,355 capital paid in 240,271 13,072 76,340 16,877 22,912 10,516 9,934 30,695 8,445 5,432 9,096 11,362 25,590 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 4?,341 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 ?62 1,429 521 1,073 1,137 1>307 2,l4o Other capital accounts l46,6?8 10,l64 30,655 10,295 13,839 10,047 8,6?4 20,507 8,167 5,465 7,550 7,295 14,020 TOTAL LIABILITIES AND , „ ^ x CAPITAL ACCOUNTS 49,545,041 2643,836 13,238,472 2945,931 4212,740 2875,738 2496,270 8506,115 2056,356 1200,508 2079,783 1892,846 5396,446 Contingent liability on acceptances purchased for foreign correspondents 11,672 724 2/3,523 910 1,0?4 595 502 1,623 444 303 444 444 1,086 Industrial loan commitments 7,071 — 2,404 916 63 — 2,434 — — 825 — ^29 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,477,051 1561,728 5,658,221 1801,595 2333,239 1811,989 1405,589 4?87,517 1182,531 634,044 986,255 727,41 J 2586,926 Collateral for F.R. notes: Gold certificates 12,684,000 350,000 4,470,000 750,000 760,000 580,000 485,000 2570,000 270,000 150,000 280,000 219,000 1800,000 Eligible paper 381,164 9,129 29,645 8,420 — 14,780 — — 17,575 1,750 43,115 256,750 U. S. Govt, securities 13,675,000 1300,000 1,300,000 1100,000 1625,000 1300,000 950,000 2300,000 1000,000 505,000 750,000 545,000 1000,000 Total collateral 25,?4o,l64 1659,129 5,799,645 1858,420 2385,000 1894,780 1535,000 4870,000 1287,575 656,750 1073,115 764,000 3056,750 l/ After deducting $292,880,000 participations of other Federal Reserve Banks. 2/ After deducting $8,149,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis