H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) March 20, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 19, Member bank reserves increased $1,257 million. The principal changes supplying reserves were decreases of $633 million in Treasury deposits with Federal Reserve Banks, $91 million in Money in circulation, $80 million in Other deposits with Federal Reserve Banks, $19 million in Foreign deposits with Federal Reserve Banks, and $11 million in Treasury cash holdings, and an increase of $438 million in Reserve Bank credit. The principal offsetting change was an increase of $18 million in Other F. R. accounts (net). The increase of $438 million in Reserve Bank credit resulted from increases of $374 million in Float and $295 million in U. S. Government securities, and a decrease of $231 million in Loans, discounts and advances. Holdings of U. S. Government securities, which include $311 million certificates of indebtedness—special series, issued to th eFederal Reserve Banks, reflected an increase of $311 millio nin certificates and a decrease of $l6 million in bills. Change since Member Bank Reserves March 19, March 12, March 21, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit U. S. Government securities 22,825 + 295 + 477 Loans, discounts and advances 131 - 231 - 24 Float 1,260 + 374 + 155 Total 24,216 + 438 4- 609 Gold stock 23,292 + l +1, 436 Treasury currency outstanding 4,729 + 3 + 91 Money in circulation 28,361 - 91 +1, 240 Treasury cash holdings 1,285 11 10 - Treasury deposits with F. R. Banks 6 633 602 - - Foreign deposits with F. R. Banks 547 19 293 - - Other deposits with F. R. Banks 195 - 80 - 7 Other F. R. account s(net) 803 + 18 + 69 Member bank reserves 21,038 +1, 257 +1, 737 Required reserves (estimated) 19,561 (#11 + 376 + 857 Excess reserves (estimated) l,4fHl + 881 + 880 Daily average excess reserves (estimated) 1,121 + 480 + 258 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(a) STATEMENT OF CONDITION ; OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since March 19, March 12, March 21> 1952 1952 1951 A S S E TS Gold certificates 21,.403; 253 + 17,001 + 1,382,350 Redemption fund for F. R. notes 699,055 7,027 + 97,213 - Total gold certificate reserves 22,102,308" + 9,974 + 1,479,563 Other cash 387,782 + 3,740 + 54,212 Discounts and advances 126,052 - 231,429 24,742 Industrial loans 4,856 + 66 + 1,063 U. S. Government securities; Bills - 16,000 - 1,499,798 Certificates 12,120,806 + 311,000 +12,120,806 Notes 5,068,073 - 9,888,810 Bonds 5,635,823 --- - 255,408 Total U. S. Government securities 22,824,702 + 295,000 + 476,790 Total loans and securities 22,955,610 + 63,637 + 453,111 Due from foreign banks 28 + 4 F. R. notes of other banks 163,641 4,062 + 25,088 Uncollected cash items 5,004,148 +1,372,624 + 844,880 Bank premises 44,497 + 181 + 3,853 Other assets 153,053 - 11,342 5,267 TOTAL ASSETS 50,811,067 +1,434,752 + 2,855,444 L I A B I L I T I ES Federal Reserve notes 24,280,208 95,123 + 1,263,729 Deposits: Member bank--reserve accounts 21,037,517 +1,256,217 + 1,736,466 U. S. Treasurer—general account 6,072 - 632,907 602,084 Foreign 547,225 - 18,829 - 292,934 Other 195,129 - 80,129 6,730 Total deposits 21,705,943 + 524,352 +834,718 Deferred availability cash items 3,744,037 + 998,585 + 689,374 Other liabilities and accrued dividends 15,518 + 549 + 4,158 TOTAL LIABILITIES 49,825,706 +1,428,363 + 2,791,979 C A P I T AL A C C O U N TS Capital paid in 241,970 40 + 13,758 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 177,506 + 6,349 + 21,387 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,811,067 +1,434,752 + 2,855,444 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 48.0% % .4 + 1.1% Contingent liability on acceptances purchased for foreign correspondents 8,104 930 - 23,615 Industrial loan commitments 6,729 81 + 3,852 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 19, 1952 (Callable Government securities classified according the nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 101,405 1,532 311,000 16 to 90 days 11,647 17 91 days to 1 year 13,000 2,172 13,430,031 Over 1 year to 5 years 1,135 5,441,352 Over 5 years to 10 years 1,013,614 Over 10 years 2,628,705 Total 126,052 XB56" 22,824,702 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 19# 1952 H.4.1(b) (In thousands of dollars) A SS E TS Dallas SanFran. New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Total Boston 591,889 2537,583 7,523,073 1243,973 1451,570 931,373 777,300 3932,831 557,045 333,451 733,895 Gold certificates 21,403,253 78 9,270 Redemption fund for 73.861 54,264 80,064 63,361 48,832 116,133 48,865 24,830 36,772 27,839 62,556 F, R. notes 699,055 61,678 Total gold certificate 850,948 7,596,934 1298,237 1531,634 9.94,734 826,132 4048,964 605,910 358,281 770,667 619,728 2600,139 reserves 22,102,308 72,193 26,611 30,183 22,640 33,638 77,067 18,881 6,959 13,756 13,770 44,131 Other cash 387,782 27,953 588 6,258 494 36,459 15,356 4,534 6,8ll 8,733 6,309 28,872 9,094 Discounts and advances 126,052 2,544 3,812 —- 87 809 128 — 20 - - - Industrial loans 4,856 U. S. Govt, securities: Bl S SS ill II 1 3 1 85,45 I! 3 58 S 2,926 572,793 1135,538 Certificates 12,120,806 821,707 161,170 243,739 239,502 474,802 Notes 5,068,073 343,580 179,225 271,044 266,332 527,992 Bonds 5.635,823 382,069 Total U. S. Government 1547,356 4,913,496 1401,573 2275,577 1525,352 1341,887 3525,732 1253,213 725,848 1097,709 1078,627 2138,332 securities 22,824,702 Total loans and 22,955,610 1549,900 U,928,852 1409,919 2282,388 1534,172 1349,005 3554,604 1262,307 726,564 1103,967 1079,141 2174,791 securities 3 1 14 1 11 1 3 Due from foreign banks 28 2 1/8 2 9,765 18,065 20,521 6,500 7,758 39,725 22,047 15,733 7,434 6,191 5,341 F.R.notes of other banks 163,641 4,561 204,257 394,965 531,253 313,946 300,975 927,017 221,573 108,850 255,97% Uncollected cash items $,004,148 382,530 1,050,115 312,693 654 6,767 4,791 4,342 3,198 6,540 3,229 1,078 2,426 - . . 1. U t, n«7 1,008 7,621 2,843 Bank premises 44,497 7,307 14,331 15,1189 10,286 9,033 22,681 8,066 4,713 7,544 11,620 32.823 9,160 Other assets 153,053 4403,499 2919,846 2544,029 8652,610 2127,401 1212,637 2159,676 1934,623 $253,192 50,811,067 2828,522 13,709,067 3065,965 TOTAL ASSETS $20,000 participations of other Federal Reserve Banks, 1/ After deducting Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 19, 1952 1.4.1(c) (In thousands of dollars) St. Louis Mpls. Kans.Cy. Dallas SanFran* Total Boston New York Phila. Cleve. Rich. Atlanta Chicago I A B I L I T I ES 1490,991 5,367,157 1723,586 2227,010. 1708,430 1316,497 4642,213 1127,317 622,272 957,693 673,789 2423,253 Federal Reserve notes 24,280,208 Deposits: 962,525 6,952,933 9^0,479 1576,575 865,1^2 913,804 3248,403 769,944 464,869 955,376 1015,078 2372,389 Member bank-reserve accts. 21,037,517 U.S.Treasurer-general acct. 6,072 33,8 5 6 8 4 4 1 26 /1 7 6 3 5 0 , 2 9 6 5 2 85 42,604 50,250 2 5 7 0 ,8 7 56 2 5 3 3 , 1 487 5 7 0 5 0 ,9 22 20,7 5 5 2 6 6 1 1 , 4 0 , 0 2 8 0 5 1 25 20,756 20,75 98 6 50,8 6 1 3 1 9 Foreign $4?,225 8,740 1,201 1,377 638 31,755 3,993 132,374 1,596 5,326 3,524 2,573 2,032 Other 195,129 Total deposits 21,785,943 1000,966 7,251,536 2 9 8 8 1 4 , , 3 9 9 8 1 1 4 1 5 6 0 3 , 2 4 , 8 7 4 36 2 8 6 9 0 7 , , 6 0 4 2 2 9 2 9 4 4 1 0, , 3 2 9 5 5 6 3 5 3 4 2 3 6 ,4 ,8 5 5 0 7 7 1 9 5 9 8 , , 9 7 6 8 6 0 4 8 8 1 1 ,5 ,2 07 79 1 9 8 7 3 8 , , 6 0 6 3 5 4 1 1 8 0 3 3 , 6 5 , 6 5 2 70 2 2 4 8 5 1 5 ,2 ,5 50 9 4 Deferred avail, cash items 3,744,037 272,744 805,306 Other liabilities and 15,518 1,186 4,46l 831 1,639 742 728 2,267 605 528 561 694 1,276 accrued dividends 49,825,706 2765,887 13,428,460 2990,789 4311,869 2866,843 2498,876 8514,787 2086,668 1185,586 2119,953 1894,615 5161,373 TOTAL LIABILITIES 16,960 23,047 10,541 10,001 31,263 8,465 5,453 9,173 11,714 25,786 Capital paid in 241,970 13,134 76,433 41,493 50,648 27,025 23,871 79,601 21,788 14,063 20,367 18,210 47,341 Surplus (Section 7) 538,342 34,192 159,743 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o Surplus (Section 13b) 27,543 3,011 7,319 Other capital accounts 177,506 12,298 37,112 12,234 16,929 12,088 10,519 25,530 9,959 6,462 9,046 8,777 16,552 TOTAL LIABILITIES AND 50,811,067 2828,522 13,709,067 3065,965 4403,499 2919,846 2544,029 8652,610 2127,401 1212,637 2159,676 1934,623 5253,198 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 8,104 502 2/2,446 632 746 413 349 1,127 308 211 308 308 754 2,089 916 63 2,419 820 422 Industrial loan commitments 6,729 FEDERAL RESERVE AGENTS' ACCOUNTS 25,301,033 1555,498 5,631,995 1779,562 2313,434 1792,627 1390,050 4739,517 1172,672 634,017 984,237 722,943 2584,481 F. R. notes outstanding Collateral for F.R. notes 1 12,739,000 450,000 4,470,000 750,000 760,000 580,000 485,000 2510,000 270,000 165,000 280,000 219,000 1800,000 Gold certificates ' n nn Q son — 3,395 — — 8.600 250 5.664 — 35,250 Eligible paper 6yj9y, 5y 4J7 ' 1!, 7}3 f8 J -L1-L1;, 1J3>0 y 3,520 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 U. S. Govt, securities 26,483,547 1751,738 5,781,130 1853,520 2385,000 1883,395 1435,000 4810,000 1278,600 670,250 1035,664 764,000 2835,250 Total collateral l/ After deducting $381,247,000 participations of other Federal Reserve Banks. 2/ After deducting $5,658,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis J