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 27, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 26, Member bank reserves decreased $762 million. The principal change reducing reserves was a decrease of $803 million in Reserve Bank credit, which was offset in part by a decrease of $32 million in Money in circulation. The decrease of $803 million in Reserve Bank credit resulted from decreases of $550 million in Float and $297 million in U. S. Government securities, and an increase of $44 million in Loans, discounts and advances. Holdings of U. S. Government securities, which include $14 million certificates of indebtedness -- special series, issued to the Federal Reserve Banks, reflected a decrease of $297 million in certificates. Member Bank Reserves March 26, March 19, March 28, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit U. S. Government securities 22,528 -297 - 78 Acceptances purchased 2 — -- Loans, discounts and advances 175 + 44 - 300 Float 710 -550 - 59 Total 23,413 -803 - 439 Gold stock 23,291 - 1 +1,436 Treasury currency outstanding 4,731 + 2 + 94 Money in circulation 28,329 - 32 +1,291 Treasury cash holdings 1,282 - 3 - 17 Treasury deposits with F. R. Banks 7 .+ 1 -1,045 Foreign deposits with F. R. Banks 545 - 2 - 353 Other deposits with F. R. Banks 191 - 4 - 108 Other F. R. accounts (net) 804 + 1 + 68 Member bank reserves 20,276 -762 +1,253 Required reserves (estimated) 19,480-BOO -101 + 945 Excess reserves (estimated) -661 + 308 Daily average excess reserves (estimated) 1,150 + 29 + 626 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 March 26, March 19, March 28. 1952 1952 1951 A S S E TS Gold certificates 21,407,251 + 3,998 + 1,389,847 Redemption fund for F. R. notes + Total gold certificate reserves 22,106,375 + 4,067 + 1,487,476 Other cash 383,629 4,153 + 33,375 Discounts and advances 169,942 + 43,890 - 300,627 Industrial loans 5,124 + 268 + 1,134 Acceptances purchased 1,996 U. S. Government securities: Bills - 1,598,598 Certificates 11,823,806 - 297,000 +11,823,806 Notes 5,068,073 - 9,906,766 Bonds 5,635,823 - 396,508 Total U. S. Government securities 22,527,702 297,000 Total loans and securities 22,702,768 - 252,842 379,549 Due from foreign banks 28 4 F. R. notes of other banks 178,010 + 14,369 29,538 Uncollected cash items 3,868,050 -1,136,098 252,789 Bank premises 44,454 43 3,869 Other assets 161,474 + 8,421 - . M 35 TOTAL ASSETS 49,444,788 -1,366^279 + 1,425,767 L I A B I L I T I ES Federal Reserve notes 24,258,067 22,141 + 1,296,380 Deposits: Member bank—reserve accounts 20,276,351 - 761,166 + 1,253,740 U. S. Treasurer--general account 7,455 + 1,383 - 1,044,688 Foreign 544,963 2,262 - 353,298 Other 190,602 - 4,527 - 108,559 Total deposits 21,019,371 - 766,572 - 252,805 Deferred availability cash items 3,157,772 - 586,265 + 311,933 Other liabilities and accrued dividends . ., -*-7 > 982 + 2,464 + 5,247 fl TOTAL LIABILITIES 48,453,192 -1,372,514 + 1,360,755 C A P I T AL A C C O U N TS Capital paid in 242,067 97 + 13,820 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 183,644 + 6,138 + 22,872 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+9,1+1+4,788 -1,366,279 + 1,425,767 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 48.8$ .8% 2.2# Contingent liability on acceptances purchased for foreign correspondents 8,053 51 23,438 Industrial loan commitments 6,626 103 3,82 6 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 26, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 133,572 1,671 14,000 16 to 90 days 36,370 17 91 days to 1 year 2,407 13,430,031 Over 1 year to 5 years 1,029 5,441,352 Over 5 years to 10 years 1,013,614 Over 10 years 2,628,705 Digitized for FRATSoEtR al 169,942 5,124 22,527,702 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

. , \ STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 26, 1952 fh (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St,Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 21,407,251 782,11? 7,441,179 1240,518 1470,636 917,132 785,818 4081,933 575,383 316,393 700,294 553,074 2542,774 T T ^ o t e f1*1 f°r 699.124 61.597 73,500 54,120 79,962 64,498 48,754 116,019 48,822 24,8l6 36,744 27,808 62,484 -Reserves certlflc&te 22,106,375 843,714 7,514,679 1294,638 1550,598 981,630 834,572 4197,952 624,205 341,209 737,038 580,882 2605,258 ..... g;g *!;3 £S "A -as 1:g 53 i;| gffi Industrial loans 5,124 — — 3,993 — 94 889 128 — 20 — U. S. Govt, securities: E r- ss sas as "£8? isa » ;ss as sgg « Bonds s!6^823 382I069 1,213,229 346,073 561,880 376,636 331,336 870,566 309,441 179,225 271,044 266,332 527,992 ~2il^itiesGOVernment 22,527,702 1527,221 4,849,561 1383,336 2245,967 1505,504 1324,426 3479,854 1236,906 716,403 1083,425 1064,592 2110,507 T°securit?e aDg: 22,702,768 1530,569 4,880,577 1393,109 2253,578 1509,211 1333,924 3519,636 1247,615 721,169 1094,558 1065,106 2153,716 3 e ks : i9 : 3 EcE2=5 EE SoE x x- 4 ? ^ ° l ?i 3 ,as ASS S& feg fcg .% ^ T TOTAL ASSETS 49,444,788 2726,492 13,239,030 2979,950 4237,684 2894,258 2516,751 8463,804 2069,579 1175,110 2060,647 1866,425 5215,058 1/ 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 MARCH 26, 1952 H.4.1(c) (in thousands of dollars) L I A B I L. IT I BS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St. Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserves notes 24,258,067 1491,594 5,374,820 1722,651 2226,309 1706,435 1314,498 4634,395 1123,248 620,605 957,377 675,611 2410,524 Deposits: . 6,722,942 941,268 1551,656 822,241 892,581 3130,263 730,847 431,105 888,051 956,146 2314,167 Member bank-reserve accts. 20,276,351 895,084 U. S.Treasurer-general acct. 7,455 505 47 293 543 235 569 546 531 964 592 564 2,066 22,880 73,962 20,220 13,835 20,220 20,220 49,500 Foreign 544,963 32,990 1/173,542 41,504 48,953 27,137 Other _ 190,602 3,945 ~ 123,926 1.787 4,579 2,583 5.370 2,179 9,921 1,676 620 507 33,509 Total deposits 21,019,371 932,524 7,020,457 984,852 1605,731 852,196 921,400 3206,950 761,519 447,580 909,483 977,437 2399,242 Deferred avail, cash items 3,157,772 238,465 555,741 196,110 311,589 281,388 234,543 481,295 143,049 78,724 153,108 172,297 311,463 Other liabilities and accrued dividends 17,982 903 6,145 775 1,750 813 790 2,361 674 949 676 766 1,380 TOTAL LIABILITIES 48,453,192 2663,486 12,957,163 2904,388 4145,379 2840,832 2471,231 8325,001 2028,490 1147,858 2020,644 1826,111 5122,609 Capital paid in 242,067 13,134 76,446 16,964 23,063 10,553 10,009 31,273 8,465 5,453 9,173 H,720 25,814 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,l4o Other capital accounts 183,644 12,669 38,359 12,616 17,588 12.499 10,878 26,500 10,315 6,663 9,326 9,077 17,154 TOTAL LIABILITIES AND 4^444^788 2726,492 13,239,030 2979,950 4237,684 2894,258 2516,751 8463,8o4 2069,579 1175,110 2060,647 1866,425 5215,058 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 8,053 499 2/2,432 628 741 4ll 346 1,120 306 209 306 306 749' Industrial loan commitments 6,626 1,896 916 62 2,510 820 422 FEDERAL RESERVE AGENTS * ACCOUNTS 25,256,287 1553,977 5,615,570 1771,518 2317,363 1791,884 1383,089 4731,207 1173,348 632,118 984,380 724,615 2577,218 F. R. notes outstanding Collateral for F.R. notes: 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 '1 - - •' - 1 - — 10,215 4,300 10,539 --- *n-ooo 41,000 Eligible paper 2,525 U.S. Govt, securities S ; | ;I K Total collateral 1/ After deducting $371,406,000 participations of other Federal Reserve Banks. 2/ After deducting $5,621,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis