H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4,1 (For Immediate Release) March 6, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 5, Member bank reserves increased $77 million. The principal changes supplying reserves were increases of $180 million in Gold stock and $133 million in Reserve Bank credit, and decreases of $42 million in Treasury deposits with Federal Reserve Banks and $12 million in Treasury cash holdings. The principal offsetting changes were increases of $88 million in Other deposits with Federal Reserve Banks, $77 million in Foreign deposits with Federal Reserve Banks, $74 million in Money in circulation, and $52 million in Other F. R. accounts (net). The increase of $133 million in Reserve Bank credit resulted from an increase of $213 million in Float and decreases of $41 million in U. S. Government securities and $39 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected a decrease of $4l million in certificates. Change since Member Bank Reserves March 5, Feb. 27, March 7, and Related Items 1952 1952 1951 (in millions of dollars) Reserve Bank credit: U. S. Government securities 22,514 - 41 + 335 Loans, discounts and advances 3 88 - 39 + 177 Float 981 +213 + 145 Total 2 3 , 8 83 +133 + 6 57 Gold stock 2 3 , 2 90 +180 +1,339 Treasury currency outstanding 4 , 7 26 + 4 + 87 Money in circulation 28,464 + 74 +1,245 Treasury cash holdings 1 , 2 96 - 12 - 12 Treasury deposits with F. R. Banks 6 70 - 42 + 175 Foreign deposits with F. R. Banks 6 00 + 77 - 255 Other deposits with F. R. Banks 295 + 88 + 85 Other F. R. accounts (net) + 52 + 63 7 87 Member bank reserves 19,787 + 77 + 783 Required reserves (estimated) 1 9 , 2 3 9 - '^ - 29 + 935 Excess reserves (estimated) ^64 +106 - 152 Daily average excess reserves (estimated) 6 36 - 2 - 23 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) March 5, February 27, p March 7, 1952 1951 1 9 52 A S S E TS Gold certificates 21,386,252 + 2 0 0 , 0 01 + 1 , 2 7 0 , 8 50 Redemption fund for F. R. notes 7 0 6 , 0 82 - 43 + 1 1 1 , 2 90 Total gold certificate reserves 22,092,334 + 199,958 + l,382,lk) Other cash 395,597 - 2 3 , 7 23 + 55,382 Discounts and advances 383,814 — 3 8 , 6 72 + 176,500 Industrial loans 4,584 - 393 + 840 U. S. Government securities: Bills www - 1,523,172 Certificates 1 1 , 8 0 9 , 8 06 - 41,250 + 1 1 , 8 0 9 , 8 06 Notes 5,068,073 — — — - 9,995,810 Bonds 5,635,823 — — — + 44,048 Total U. S. Government securities 22,513,702 - 41,250 + 334,872 Total loans and securities 22,902,100 - 80,315 + 512,212 Due from foreign banks 28 — — — + 4 F. R, notes of other banks 1 7 6 , 7 86 - 4,015 + 32,067 Uncollected cash items 3,605,427 - 155,757 + 341,352 Bank premises 44,161 + 66 + 3,768 Other assets 156,290 - 45,604 - 2,361 TOTAL ASSETS 49,372,723 109,390 + 2,324,564 - L I A B I L I T I ES Federal Reserve notes 24,408,495 + 50,732 + 1 , 2 7 6 , 0 15 Deposits: Member bank--reserve accounts 19,787,465 + 77,869 + 7 8 2 , 9 89 U. S. Treasurer--general account 6 7 0 , 0 05 - 41,514 + 175,393 Foreign 6 0 0 , 1 11 + 77,324 - 255,138 Other 295,394 + 88,744 + 85,214 Total deposits "21,352,975 + 202,423 + 7 8 8 , 4 58 Deferred availability cash items 2,624,280 - 3 6 8 , 8 96 + 196,112 Other liabilities and accrued dividends 14,531 - 334 + 3,348 TOTAL LIABILITIES 48,400,281 116,075 2,263,933 - C A P I T AL A C C O U N TS Capital paid in 241,684 + 556 + 13,687 Surplus (Section 7) 538,342 2 8 , 3 20 Surplus (Section 13b) 27,543 Other capital accounts 164,873 6 , 1 29 + • 18,624 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,372,723 - 109,390 + 2,324,564 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 48.31° + .2 <t> + . .9$ Contingent liability on acceptances purchased for foreign correspondents 9,708 - 4oo 2 0 , 8 76 Industrial loan commitments 7,004 4- 1 / 1 83 + 4,202 - - I/February 27 figure revised MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 5, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 361,837 868 l6 to 90 days 21,977 7 18 91 days to 1 year 1,954 13,430,031 Over 1 year to 5 years 1,044 5,102,256 Over 5 years to 10 years 1,352,710 Over 10 years 2,628,705 Total 383,814 4,584 22,513,702 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 MARCH 5, 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 21,386,252 747,6l4 7,247,68? 1292,228 1452,046 933,442 4121,777 577,957 356,390 740,074 596,493 2491,326 8 2 9 , 2 18 Redemption fund for F. R. notes 706,082 62,ll8 75,496 55,066 80,598 49,225 49,033 24,901 36,912 6 5 , 2 08 1 1 6 , 7 21 2 7 , 9 66 6 2 , 8 38 Total gold certificate reserves 22,092,334 809,732 7,323,183 1347,294 1532,644 998,650 8 7 8 , 4 43 CVJ cn CO < CO 626,990 381,291 776,986 624,459 2554,164 Other cash 395,597 28,993 74,761 29,481 32,575 22,244 30,571 7 7 , 3 99 1 9 , 2 15 8,409 14,950 14,301 42,698 Discounts and advances 383,814 6 , 6 69 16,780 4,235 11,190 18,075 8 , 1 50 114,450 9 , 8 00 1,100 1 2 , 8 15 4,700 175,850 Industrial loans 4,584 — — — — — — 3,572 - - - 83 7 82 — - — — - - 129 . 18 T U. S. Govt, securities: Certificates 11,809,806 800,623 2,542,309 725,193 1177,414 789,238 694,310 1824,261 648,428 375,563 5 6 7 , 9 69 558,096 1106,402 Notes 5,068,073 343,580 1,091,009 311,210 5 0 5 , 2 77 338,694 297,957 7 8 2 , 8 65 2 7 8 , 2 68 1 6 1 , 1 70 243,739 239,502 474,802 Bonds 5,635,823 382,069 1,213,229 346,073 5 6 1 , 8 80 376,636 331,336 8 7 0 , 5 66 309,441 179,225 271,044 266,332 527,992 Total U, S. Government securities 22,513,702 1526,272 4,846,547 1 3 8 2 , 4 76 2244,571 1 5 0 4 , 5 68 1323,603 3 4 7 7 , 6 92 1236,137 715,958 1082,752 1063,930 2109,196 Total loans and securities 22,902,100 1532,941 4,863,327 1390,283 : 2255,761 1522,726 1332,535 3592,142 1245,937 717,187 1095,567 1 0 6 8 , 6 48 2285,046 Due from foreign banks 28 2 1 /8 2 3 1 1 4 1 1 1 1 3 F.R.notes of other banks 1 7 6 , 7 86 4,343 18,868 6,934 7,418 48,385 26,799 15,090 7,209 6,270 5,725 9,228 20,517 Uncollected cash items 3,605,427 313,835 672,543 222,249 316,386 277,415 235,304 5 6 9 , 8 72 147,558 9 2 , 0 96 209,480 191,557 357,132 Bank premises 44,161 1,008 7,574 2,843 4,795 4,172 3,110 6,516 3,230 1,078 2,426 6 50 6,759 Other assets 156,290 11,747 33,215 9,509 16,223 10,518 9,292 23,441 8,327 4 , 7 87 7,575 7,241 14,415 TOTAL ASSETS 12,993,479 3008,595 2884,111 1211,119 2112,710 5280,734 4 9 , 3 7 2 , 7 23 2 7 0 2 , 6 01 4 1 6 5 , 8 05 2 5 1 6 , 0 55 8 5 2 2 , 9 62 2 0 5 8 , 4 67 1 9 1 6 , 0 85 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 UOJ.NDlTJ.ON OF THE FEDERAL RESERVE BANKS ON MARCH 5, 1952 h.4.Hc; (In thousands of dollars) Total Boston New York Phila. Gleve.. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. L I A B I L I T I ES Federal Reserve notes 2 4, 4 0 8, 4 95 1493,963 5,390,913 1 7 3 0 , 8 68 2 2 3 1, 9 40 1723,157 1332,748 4 6 5 2 , 2 15 1135,095 624,997 9 6 5 , 0 72 686,297 2 4 4 1 , 2 30 Deposits: Member bank-reserve accts. 19,787,465 857,452 6,302,214 9 2 0 , 6 21 1499,287 8 3 9 , 4 28 8 9 6 , 6 78 3074,512 701,765 443,367 907,091 971,199 2373,851 54,649 19,484 37,017 U.S.Treasurer-general acct. 670,005 38,054 1 3 7 , 6 38 5 6 , 3 41 2 3 , 4 54 1 7 7 , 5 46 3 8 , 7 28 2 6 , 0 86 3 1 , 2 05 2 9 , 8 03 Foreign 600,111 37,293 1 / 1 8 0 , 2 50 46,917 5 5 , 3 38 3 0 , 6 77 2 5 , 8 64 8 3 , 6 08 2 2 , 8 57 15,639 2 2 , 8 57 22,857 55,954 Other 295,394 3,350 2 2 7 , 3 85 2 , 6 98 4,927 5,199 3 , 4 51 2 , 6 45 8 , 1 69 1 , 4 50 2 90 1,759 34,071 Total deposits 21,352,975 936,149 6 , 8 4 7 , 4 87 1 0 2 4 , 8 85 1 6 1 5 , 8 93 8 9 4 , 7 88 9^9Ml 3338,311 7 7 1 , 5 19 4 8 6 , 5 42 9 6 1 , 4 43 1 0 2 5 , 6 18 2 5 0 0 , 8 9 3' Deferred avail, cash items 2,624,280 209,934 473,139 1 7 7 , 6 24 2 2 5 , 8 31 2 1 3 , 2 79 1 8 8, 7 92 394,279 111,281 72,425 146,609 164,217 246,870 Other liabilities and accrued dividends 14,531 868 3,963 8 30 1,792 722 663 2,372 6 20 5 09 5 26 537 1,129 TOTAL LIABILITIES 4 8 , 4 0 0 , 2 81 2 6 4 0, 9 14 1 2 , 7 1 5 , 5 02 2934,207 4075,456 2 8 3 1 ,9 46 2 4 7 1 , 6 50 8 3 8 7 , 1 77 2 0 1 8 , 5 15 1184,473 2 0 7 3 , 6 50 1 8 7 6 , 6 69 5 1 9 0 , 1 22 Capital paid in 2 4 1 ^ 6 84 1 3 , 0 81 76,348 1 6 , 9 38 2 3 , 0 23 10,530 9,97% 31,251 8,465 5,449 9,129 11,710 2 5 , 7 86 Surplus (Section 7) . . . 5 3 8 , 3 42 3 4, 1 92 159,743 41,493 5 0 , 6 48 2 7 , 0 25 2 3 , 8 71 7 9 , 6 01 2 1 , 7 88 14,063 2 0 , 3 67 1 8 , 2 10 4?,341 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Surplus (Section 13b) 27,543 Other capital accounts 164,873 II ,ko3 34,567 1 1, 4 68 1 5 , 6 72 1 1 , 2 61 9,798 23,504 9,178 6 , 0 61 8,427 8 , 1 89 1 5, 3 45 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 4 9 , 3 7 2 , 7 23 2 7 0 2 , 6 01 12,993,479 3 0 0 8 , 5 95 4 1 6 5 , 8 05 2 8 8 4 , 1 11 2 5 1 6 , 0 55 8 5 2 2 , 9 62 2 0 5 8 , 4 67 1 2 1 1 , 1 19 2 1 1 2 , 7 10 1 9 1 6 , 0 85 5 2 8 0 , 7 34 Contingent liability on acceptances purchased for foreign correspondents 9,708 602 2/2,931 757 893 495 418 1,350 369 2 52 369 369 903 Industrial loan commitments 7,004 2,348 9 16 67 2,431 820 422 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 2 5 , 3 7 7 , 4 82 1559,734 5 , 6 3 8 , 5 64 1 7 8 8 , 6 65 2323,729 1 8 0 3 , 8 66 1390,375 4 7 6 1 , 8 98 1 1 8 1 , 0 81 634,551 9 8 9 , 5 02 7 2 6 , 8 54 2 5 7 8 , 6 63 Collateral for F.R^ notes: Gold certificates 12,724,000 450,000 4,470,000 750,000 7 6 0 , 0 00 5 8 0 , 0 00 4 8 5 , 0 00 2 6 1 0 , 0 00 2 7 0 , 0 00 150,000 2 8 0 , 0 00 2 1 9 , 0 00 1 7 0 0 , 0 00 12,700 9,800 1,100 Eligible paper 235,649 6 , 6 69 1 2 , 5 80 4,235 1 2 , 7 15 — 1 7 5 , 8 5 01 U. S. Govt, securities 1 3 , 5 7 5 , 0 00 1 3 0 0 , 0 00 l.ioolooo 1100',000 1625.000 1300',000 950,000 2 2 0 0 , 0 00 1 0 0 0 , 0 00 505,000 750,000 545,000 1 0 0 0 , 0 0 0; Total collateral 2 6 , 5 3 4 , 6 49 1 7 5 6 , 6 69 5 , 7 8 2 , 5 80 1 8 5 4 , 2 35 2 3 8 5 , 0 00 1 8 9 2 , 7 00 1 4 3 5 , 0 00 4 8 1 0 , 0 00 1 2 7 9 , 8 00 6 5 6 , 1 00 1 0 4 2 , 7 15 761,000 2 8 7 5 , 8 50 if After deducting $419,847,000 participations of other Federal Reserve Banks. 2/ After deducting $6,777,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis