H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) February 28, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended February 27, Member bank reserves decreased $297 million. The principal changes reducing reserves were increases of $221 million in Treasury deposits with Federal Reserve Banks and $47 million in Foreign deposits with Federal Reserve Banks, and a decrease of $137 million in Reserve Bank credit. The principal offsetting changes were a decrease of $66 million in Other deposits with Federal Reserve Banks and an increase of $39 million in Gold stock# ^eA^crea,Se °"^ $^37 million in Reserve Bank credit resulted from decreases of $261 million in Float and $32 million in Loans, discounts and advances, and an increase of $155 million in V* S. Government securities. Holdings of U. S, Government securities reflected an increase of $165 million in bonds and a decrease of $10 million in certificates. Change since Member Bank Reserves Feb. 27, Feb. 20, Feb. 28 and Related Items 1952 1952 1^1 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,555 +155 + 674 Loans, discounts and advances 427 - 32 + 26 Float 768 -261 - 137 Total 23,750 -137 + 562 Gold stock 23,110 + 39 +1,024 Treasury currency outstanding 4,722 + 1 + 82 Money in circulation 28,390 + 3 +1,202 Treasury cash holdings 1,308 -- + 15 Treasury deposits with F. R. Banks 712 +221 + 247 Foreign deposits with F. R. Banks 523 + 47 - 316 Other deposits with F. R. Banks 207 - 66 - 126 Other F. R. accounts (net) 735 - 3 + 6 Member bank reserves 19,710 -297 + 644 Required reserves (estimated) 19,252-^ - 59 + 886 Excess reserves (estimated) 45&%L -238 - 242 Daily average excess reserves (estimated) 638 - 41 + 104 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since February 27# February 20, February 28, 1952 1952 1951 A S S E TS Gold certificates 21,186,251 + 39,997 + 928,848 Redemption fund for F. R. notes 706,125 - 230 + 111,308 Total gold certificate reserves 21,092,376 + 39,767 + 1,040,156 Other cash 419,320 5,227 + 60,282 - Discounts and advances 422,486 31,801 + 24,929 Industrial loans 4,977 + 511 + 1,371 U. S. Government securities: Bills 1,526,606 Certificates 11,851,056 - 9,391 +11,851,056 Notes 5,068,073 — —— - 9,892,910 Bonds 5,635,823 + 164,646 + 242,448 Total U. S. Government securities 22,554,952 155,255 + 673,988 Total loans and securities 22,982,415 + 123,965 + 700,288 Due from foreign banks 28 — — — + 4 F. R. notes of other banks 180,801 + 3,916 + 36,985 Uncollected cash items 3,761,184 - 240,478 + 218,775 Bank premises 44,095 - 75 + 3,689 Other assets 201,894 + 10,219 + 53,625 TOTAL ASSETS 49,482,113 67,913 + 2,113,804 - L I A B I L I T I ES Federal Reserve notes 24,357,763 + 1,133 + 1,247,912 Deposits: Member bank--reserve accounts 19,709,596 297,548 + 643,431 U. S. Treasurer--general account 711,519 + 220,441 + 246,378 Foreign 522,787 + 47,087 - 316,093 Other 206,650 — 65,972 ~ 126,676 Total deposits 21,150,552 - 95,992 + 447,040 Deferred availability cash items 2,993,176 + 20,171 + 356,180 Other liabilities and accrued dividends 14,865 + 601 + 3,880 TOTAL LIABILITIES 48,516,356 74,087 + 2,055,012 - C A P I T AL A C C O U N TS Capital paid in 241,128 285 + 13,212 4- Surplus (Section 7) 538,342 + 28,320 — — — Surplus (Section 13b) 27,543 Other capital accounts 158,744 + 5,889 + 17,260 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,482,113 67,913 + 2,113,804 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 48.1$ + .2$ + • 5 $ Contingent liability on acceptances purchased for foreign correspondents 10,108 994 21,408 Industrial loan commitments 6,8*1 - 456 *4- 3,914 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 27, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 398,979 937 16 to 90 days 23,507 815 4,156,646 91 days to 1 year 2,019 9,653,731 Over 1 year to 5 years 1,206 5,102,256 Over 5 years to 10 years 1,013,614 Over 10 years 2,628,705 Total 422,486 4,977 22,554,952 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 27, 1952 H.4.1(b) (in thousands of dollars) A S S E TS Mpls. Kans.Cy. Dallas SanFran, New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Total Boston 366,222 745,466 596,030 2487,572 7,135,293 1272,163 1453,768 916,608 824,958 4097,834 576,898 Gold certificates 21,186,251 713,439 Redemption fund for 24,901 36.912 27,976 62,838 62,118 75,496 55,066 80,598 65,208 49,225 116,754 49^033 F, R. notes 706,125 Total gold certificate 625,931 391,123 782,378 21,892,376 775,557 7,210,789 1327,229 1534,366 981,816 874,183 4214,588 reserves 28,101 78,593 20,350 8^161 17,171 31,009 82,883 31,596 36,784 25,862 Other cash 419,320 16,950 110,300 11,565 1,785 30,270 8,486 32,555 4,435 8,565 33,925 Discounts and advances 422,486 3,906 — 76 848 — - - - 131 - - - 16 Industrial loans 4,977 U. S. Govt, securities: 650,693 376,875 569,952 803,419 2,551,189 727,726 1181,527 791,995 Certificates 11,851,056 278,268 161,170 243,739 343,580 1,091,009 311,210 505,277 338,694 Notes 5,068,073 309,441 179,225 271,044 382,069 1.213,229 346,073 56l,88o 376,636 Bonds 5 ,635,823 Total U. S. Government 1529,068 4,855,427 1385,009 2248,684 1507,325 1326,028 3484,064 1238,402 717,270 1084,735 1065,879 2113,061 ~ securities 22,554,952 Total loans and 22,982,415 1537,554 4,887,982 1393,350 2257,249 1541,326 1343,826 3594,364 1249,967 719,186 1115,005 1071,095 2271,511 securities 2 1/ 8 2 3 1 1 4 l 1 1 1 3 D F U B O u . n a t e R c n h . o e k f n l r r o l p o a t e r m s c e e s s t m f e i e o o t d s f r s e e c s o a i t s g h h n e r b i t a b e n a m k n s s k s 2 3 8 , 1 7 8 6 2 0 1 4 0 , , 4 1 8 1 , , 0 8 0 8 1 4 9 9 5 4 31 1 3 0 4 1 , , , , 7 6 4 0 6 9 7 0 1 5 4 8 6 2 4 8 7 1 5 2 , , , , 4 5 4 8 0 5 6 2 4 9 6 7 23 1 7 2 2 2 , , , , 6 2 8 2 2 5 4 5 1 0 3 0 3 2 3 8 4 5 0 , , , , 7 7 4 6 2 4 8 1 3 1 8 2 2 4 9 1 8 8 4 3 , , , , 2 4 1 7 5 3 6 7 3 4 8 4 2 2 4 1 1 3 3 2 , , , , 7 1 1 0 2 6 1 2 7 9 0 2 63 1 3 9 5 6 0 , , , , 5 8 5 5 1 4 4 0 3 3 1 0 16 1 8 9 0 3 , , , , 8 8 9 2 6 6 2 3 4 3 0 2 8 6 8 6 1 , , . , 2 2 2 0 3 6 7 5 8 0 4 0 20 5 4 9 2 , , , , 8 9 8 4 9 2 4 4 3 3 3 2 1 1 9 2 9 9 , , , 3 6 5 1 2 4 4 9 7 7 6 2 3 2 5 1 0 6 4 8 , , , , 1 7 0 7 7 2 7 0 4 8 6 6 5265,128 12>938f9l8 3007,141 4197,966 2913,634 2526,139 8579,946 2089,128 1220,293 2137,656 1932,104 TOTAL ASSETS 49,402,113 2674,060 l/ 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*FEBRUARY 2j", 1952 Cj (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 24,357,763 1497,324 5,381,650 1731,396 2228,226 1724,765 1329,181 4647,022 1131,376 621,152 956,777 679,385 2429,509 T U - r e s e r v e a c c t s. 19,709,596 800,870 6,331,841 909,510 1469 847 810 793 877022 3155 166 714 222 446 014 901,106 968,324 2324,881 S F— si # as % a sg |g ag 688 3^,805 J B M R. «- 86® *9S »:3 «8 SSffi 838IKS ®g %% $8%% » — ™ — s — a s —^ iiE, 1131111211311011 T aS p i S f I c S S S sAm 49,482,113 2674,060 12,938,918 3007,l4l 4197,966 2913,634 2526,139 8579,946 2089,128 1220,293 2137,656 1932,104 5265,128 Contingent liability on r S S —• 10,108 627 2/3,049 789 930 516 _435 1.W6 384 263 384 384 941 Industrial loan commitments 6,8^1 2,1^1 91° qj % 5 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,426,417 1556,668 5,643,803 1796,527 2327,434 1813,198 1400,674 4772,440 1182,277 633,277 987,826 731,434 2580,859 Ci r g t ? r J ;^ n0tes; 12,624 000 350,000 4,470 000 750 000 760,000 580,000 485,000 2610,000 270,000 150,000 280,000 219,000 1700,000 W M 1/ After deducting $361,28$,000 participations of other Federal Reserve Banks. 2/ After deducting $7,059,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis t ; » ' - " i J : • I