H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 13; 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 12, Member bank reserves decreased $6 million. The principal change reducing reserves was a decrease of $105 million in Reserve Bank credit. The principal offsetting changes were decreases of $34 million in Foreign deposits with Federal Reserve Banks, $31 million in Treasury deposits with Federal Reserve Banks,^ $20 million in Other deposits with Federal Reserve Banks, and $12 million in Money in circulation. The decrease of $105 million in Reserve Bank credit resulted fiom decreases of $95 million in Float and $26 million in Loans, discounts and advances, and an increase of $16 million in U. 3. Government securities. Holdings of U. S. Government securities reflected an increase of <jjl6 million in bills. Change since March 12, March 5, March 14, Member Bank Reserves and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,530 + 16 + 104 Loans, discounts and advances 362 - 26 + 226 Float 886 - 95 - 203 Total 23,778 -105 + 126 Gold stock 23,291 + 1 +1,391 Treasury currency outstanding 4,726 + 87 Money in circulation 28,452-, - 12 +1,285 Treasury cash holdings ' 1,296 — — + 13 Treasury deposits with F. R. Banks 639 - 31 + 219 Foreign deposits with F, R, Banks 566 - 34 - 290 Other deposits with F. R. Banks 275 - 20 + 29 Other F. R. accounts (net) 785 - 2 + 64 Member bank reserves 19,781 - 6 + 283 Required reserves (estimated) 19,665- - 18 + 7^9 Excess reserves (estimated) 5 ^c\c\ + 12 - 466 Daily average excess reserves (estimated) 641 + 5 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.4.1(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change.since March 12, March 5, March 14, 1951 1952 1952 A S S E TS 21,386,252 + 1,305,849 Gold certificates 706,082 + 111,416 Redemption fund for F. R. notes Total gold certificate reserves 22,092,334 + 1,417,265 Other cash 384,042 - 11,555 + 43,679 Discounts and advances 357,481 26,333 + 225,339 Industrial loans 4,790 + 206 + 962 U. S. Government securities: 16,000 + 16,000 - Bills 11,809,806 + 11,809,806 Certificates Notes 5,068,073 9,988,810 Bonds 5,635,823 223,60$ Total U. S. Government securities 22,529,702 + 16,000 103,216 Total loans and securities 22,891,973 10,127 + 329,517 Due from foreign banks 28 w mm + 4 F. R. notes of other banks 167,703 • 9,083 + 25,572 Uncollected cash items 3,631,524 + 26,097 - 330,488 44,316 + 155 3,755 Bank premises Other assets 164,395 + 8,105 - 2,410 TOTAL ASSETS 49,376,315 + 3,592 + 1,486,894 L I A B I L I T I ES Federal Reserve notes 24,375,331 - 33,164 + 1,307,146 Deposits: Member bank--reserve accounts 19,781,300 6,165 + 283,765 TJ. S. Treasurer—general account 638,979 • 31,026 + 218,574 Foreign 566,054 - 34,057 - 290,390 Other 275,258 20,136 4- 29,395 Total deposits 21,261,591 - 91,384 + 241,344 Deferred availability cash items 2,745,452 + 121,172 - 127,401 Other liabilities and accrued dividends 14,969 + 438 + 3,525 TOTAL LIABILITIES 48,397,343 - 2,938 + 1,424,614 C A P I T AL A C C O U N TS Capital paid in 241,930 + 246 + 13,871 28,320 Surplus (Section 7) 538,342 — - • 4- Surplus (Section 13b) 27,543 Other capital accounts 171,157 + 6^284 + 20,089 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,376,315 3,592 4- Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 48.4$ + .1$ + 1.556 Contingent liability on acceptances purchased for foreign correspondents 9,034 674 - 22,4% Industrial loan commitments 6,810 194 3,909 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. MARCH 12, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 341,016 895 16,000 16 to 90 days 16,465 70 6 91 days to 1 year 2,070 13,430,031 Over 1 year to 5 years 1,119 5,102,256 Over 5 years to 10 years 1,352,715 Over 10 years 2,628,705 Digitized for FRASETRo tal 357?®r "4,790 22.529,702 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 12, 1952 (in thousands of dollars) A S S E TS Total Boston New York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 21,386,252 768,060 7,096,073 1280,200 1488,947 966,227 835,929 3994,048 587,445 384,200 787,084 622,330 2575,709 Redemption fund for F. R. notes 706,082 62,118 75,496 55,066 80,598 "65,208 49,225 116,721 49,033 24,901 36,912 27,966 62,838 Total gold certificate reserves 22,092,334 830,178 7,171,569 1335,266 1569,545 1031,435 885,154 4110,769 636,478 409,101 823,996 650,296 2638,547 Other cash 384,042 27,921 73,481 27,206 33,279 21,285 29,461 76,270 18,350 7,252 13,699 13,386 42,452 Discounts and advances 357,481 9,232 91,395 4,835 10,715 12,970 16,000 132,565 12,835 2,550 20,534 3,000 40,850 Industrial loans 4,790 3,753 80 809 ——- 128 20 U. S. Govt, securities: Bills 16,000 338 12,077 307 499 334 294 772 275 159 240 236 469 Certificates 11,809,806 800,623 2,542,309 725,193 1177,414 789,238 694,310 1824,261 648,428 375,563 567,969 558,096 1106,402 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 5,635,823 382,069 1,213,229 346,073 561,880 376,636 331,336 870,566 309,441 179,225 271,044 266,332 527,992 ~°securitfgsGQVerPmePt 22,529,702 1526,610 4,858,624 1382,783 2245,070 1504,902 1323,897 3^78,464 1236,412 716,117 1082,992 1064,166 2109,665 ~~securities~~ 22,891,973 1535,842 4,950,019 1391,371 2255,785 1517,952 1340,706 3611,029 1249,247 718,795 1103,526 1067,186 2150,515 EE23S\$i & «;S a W si Jtst .'i ,s| is s i , '™ a; « i'S as a a t.% .a TOTAL ASSETS 49,376,315 2712,552 12,905,178 2991,973 4206,898 2926,415 2559,296 8450,858 2082,856 1242,077 2150,952 1917,223 5230,037 1/ After deducting $20,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(d) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS 01 MARCH 12, 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 Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,375,331 1494,199 5,378,683 1733,090 2235,960 1716,964 1324,866 4653,220 1131,379 623,961 962,731 679,432 2440,846 Deposits: Member bank-reserve accts. 19,781,300 836,438 6,275,379 917,486 1508,938 847,222 894,328 3090,173 722,774 456,133 936,170 995,686 2300,573 U.S .Treasurer-general acct. 638,979 4-3,602 105,148 44,917 76,549 27,838 46,949 76,048 4l,8oi 42,063 42,472 34,447 57,145 Foreign 566,054 34,943 1/172,645 43,961 51,851 28,744 24,235 78,340 21,417 14,654 21,417 21,417 52,430 Other 275,258 4,306 210^612 1,538 4,462 5,794 2,458 2,148 8,215 987 1,315 504 32,919 Total deposits 21,261,591 919,289 6,763,784 1007,902 l64l,800 909,598 967,970 3246,709 794,207 513,837 1001,374 1052,054 2443,067 Deferred avail, cash items 2,745,452 236,039 479,227 175,438 236,445 246,561 220,927 411,970 116,210 76,824 146,801 145,433 253,577 Other liabilities and accrued dividends 14,969 872 4,138 759 1,697 779 763 2,137 671 601 608 590 1,354 TOTAL LIABILITIES 48,397,343 2650,399 12,625,832 2917,189 4115,902 2873,902 2514,526 8314,036 2042,467 1215,223 2111,514 1877,509 5138,844 Capital paid in 241,930 13,134 76,434 16,951 23,o4o 10,548 9,977 31,258 8,465 5,452 9,171 H,7l4 25,786 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. 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 2,140 Other capital accounts 171,157 11,816 35,850 11,851 16,302 11,591 10,160 24,534 9,615 6,266 8,763 8,483 15,926 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,376,315 2712,552 12,905,178 2991,973 4206,898 2926,415 2559,296 8450,858 2082,856 1242,077 2150,952 1917,223 5230,037 Contingent liability on acceptances purchased for foreign correspondents 9,034 560 2/2,727 705 831 46l 389 1,256 343 235 343 343 84: Industrial lean commitments 6,810 2,166 916 67 2,419 820 422 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,350,493 1553,829 5,626,939 1785,608 2319,556 1804,051 1393,035 4751,669 1179,491 635,460 987,695 726,805 2586,355 Collateral for F,R, notes: Gold certificates 12,739,000 450,000 4,470,000 750,000 760,000 580,000 485,000 2610,000 270,000 165,000 280,000 219,000 1700,C OO Eligible paper 167,476 9,232 68,145 4,835 8,595 12,835 2,550 20,434 40,850 U. S, Govt, securities 13,575,000 1300,000 1,300,000 1100,000 1625,000 1300,000 950,000 2200,000 1000,000 505,000 750,000 545,000 1000,000 Total collateral 26,481,476 1759,232 5,838,145 1854,835 2385,000 1888,595 1435,000 4810,000 1282,835 672,550 1050,434 764,000 2740,850 1/ After deducting $393,392,000 participations of other Federal Reserve Banks. 2/ After deducting $6,307,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis