H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) April 3, 1952 CONDITION OF THE FEDERAL RESERVE BAMS Member Bank Reserves and Related Items During the week ended April 2, Member bank reserves decreased $464 million. The principal changes reducing reserves were increases of $288 million in Treasury deposits with Federal Reserve Banks, $116 million in Money in circulation, $23 million in Other F. R. accounts (net), $20 million in Foreign deposits with Federal Reserve Banks, and $20 million in Other deposits with Federal Reserve Banks, and a decrease of $4 million in Reserve Bank credit. The principal offsetting change was an increase of $5 million in Treasury currency outstanding. The decrease of $4 million in Reserve Bank credit resulted from an increase of $51 million in Float, and decreases of $40 million in Loans, discounts and advances and $14 million in U. S. Government securities. Holdings of U. S. Government securities reflected a decrease of $14.million in certificates. Change since Member Bank Reserves April 2, March 26, April 4, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit U. S. Government securities 22,514 - 14 - 4oo Acceptances purchased - - - 1 Loans, discounts and advances 135 - 4o + 5 Float 761 + 51 - 7 Total 23,409 - 4 - 4o4 Gold stock 23,291 +1 ,485 Treasury currency outstanding 4,736 + 5 + 96 Money in circulation 28,445 +116 +1, 307 Treasury cash holdings 1,281 - 1 - 23 Treasury deposits with F. R. Banks 295 +288 - 4l6 Foreign deposits with F. R. Banks 565 + 20 - 284 Other deposits with F. R. Banks 211 + 20 - 153 Other F. R. accounts (net) 827 + 23 + 74 Member bank reserves 19,812 -464 + 671 Required reserves (estimated) i9,ae4>\uU -276 + 709 Excess reserves (estimated) 6©@-1-^ v -188 - 38 Daily average excess reserves (estimated) 714 -436 + 28 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) April 2, March 26, April 4 1952 1952 195l' A S S E TS Gold certificates 21,416,251 + 9,000 + 1,467,850 Redemption fund for F. R. notes 699,124 — — — + 80,832 Total gold certificate reserves 22,115,375 + 9,000 + 1,548,682 Other cash 368,437 15,192 + 24,687 Discounts and advances 129,593 40,349 + 3,604 Industrial loans 5,224 + 100 + 1,269 Acceptances purchased 1,309 --- U. S. Government securities: Bills mm mm mm • 1,629,098 Certificates 11,809,806 14,000 +11,809,806 Notes 5,068,073 — —«» - 9,929,160 Bonds 5,635,823 ~ - 651,708 Total U. S. Government securities 22,513,702 14,000 - 400,160 Total loans and securities 22,648,519 54,249 - 396,596 Due from foreign banks 28 mm mm mm + 4 F. R. notes of other banks 153,916 24,094 + 9,921 Uncollected cash items 3,687,469 - 180,581 + 384,954 Bank premises 44,321 133 + 3,796 Other assets 141,548 19,926 «•» 8,838 TOTAL ASSETS 49,159,613 - 285,175 + 1,566,610 L I A B I L I T I ES Federal Reserve notes 24,337,091 + 79,024 + 1,286,917 Deposits: Member bank--reserve accounts 19,811,640 464,711 670,217 U. S. Treasurer--general account 294,940 + 287,485 415,762 Foreign 564,785 + 19,822 284,025 Other 211,252 + 20,650 152,305 Total deposits 20,882,617 136,754 181,875 Deferred availability cash items 2,926,578 231,194 + 391,949 Other liabilities and accrued dividends + TOTAL LIABILITIES 48,161,5^9 - 291,684 + 1,499,759 445 C A P I T AL A C C O U N TS Capital paid in 242,260 + 193 14,092 Surplus (Section 7) 538,342 + 28,320 - - — Surplus (Section 13b) 27,543 — — — Other capital accounts 189,966-1") + 6,316 + 24,439 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,159,613 - 285,175 + 1,566,610 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 48.9% + .1% + 2.3# Contingent liability on acceptances purchased for foreign correspondents 8,023 - 30 24,319 Industrial loan commitments 6,424 - 202 + 3,677 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 2, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 97,779 998 16 to 90 days 31,814 746 537,856 91 days to 1 year 2,301 12,892,175 Over 1 year to 5 years 1,179 5,441,352 Over 5 years to 10 years 1,013,614 Over 10 years 2,628,705 Total 129,593 5,224 22,513,702 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 2, 1952 H.U.l(b) (in thousands of dollars) A S S E 1 S Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mple. Kans.Cy. Dallas SanFran. Gold certificates 21,1.16,251 842,864 7,283,420 1277,877 1467,758 943,015 818,652 3855,544 557,227 339,824 778,034 615,3992636,637 totes'™1 ^ 699.124 61.597 73.500 54.120 79.962 64.498 48.754 116,019 48,822 24.816 36.744 27.808 62,484 ^rese^es c e r t 1^^ 22,115,375 904,461 7,356,920 1331,997 1547,720 1007,513 867,406 3971,563 606,049 364,640 814,778 643,207 2699,121 Z LT SS IS KS |S IS 1 :3 = * •§ 5 :« K :5 l :| 5S S ;S Industrial loans 5,224 - -- *A10 -- 90 878 - -- 126 -- 20 -l ag ss &s i ns m 11 si ss ss is s j 2S ^ i &5 2 ; £ 2 2 2 S 2i 22,513,702 1526,272 4,846,547 1382,476 2244,571 1504,568 1323,603 3477,692 1236,137 715,958 1082,752 1063,930 2109,196 ^ "d 22,648,519 1530,971 4,864,263 1391,751 2248,467 1509,376 1325,090 3521,349 1246,456 724,222 1095,125 1064,444 2127,005 g 5 g g - .« .3 TOTAL ASSETS 49,159,613 2781,641 13,042,503 3033,510 4189,858 2880,578 2508,470 8191,844 2032,506 1203,100 2127,165 1906,196 5262,242 1/ After deducting $20,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

3.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 2, 1952 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St. Louis Mpls. Kans.Cy. Dallas SanFran. I A B I L I T I ES Federal Reserve notes 24,337,091 1494,498 5,395,709 1719,807 2227,537 1707,004 1327,347 4638,530 1127,917 623,272 962,425 686,615 2426,430 Deposits: Member bank-reserve accts. 19*811,640 93°,984 6,256,024 959,781 1552,396 843,324 894,656 2891,090 712,219 452,466 946,945 1005,356 2360,399 U.S. Treasurer -general acct ,29 4,940 1,451 276,756 915 553 1,259 3,346 560 504 941 544 585 7,526 Foreign 564,785 34,739 1/173,680 43,703 51,5^8 28,575 24,093 77,882 21,292 14,568 21,291 21,291 52,123 Other 211,252 3,803 144,938 1,926 5,548 4,780 2,310 2,855 7,453 1,536 4,562 1,548 29,993 Total deposits 20,882,617 976,977 6,851,398 1006,325 1610,045 877,938 924,405 2972,387 741,468 469,511 973,342 1028,780 2450,041 Deferred avail, cash items 2,926,578 245,757 507,761 230,595 257,475 241,074 210,129 438,690 121,139 82,391 150,536 149,630 291,401 Other liabilities and 0°i accrued dividends 15,222- 972 4,236 862 1,870 722 69MI 2,455 635 479 581 553 1,163 Ht5, TOTAL LIABILITIES 48,161,5©$ 2718,204 12,759,104 2957,589 4096,927 2826,738 2462,57? 8052,062 1991,1591 175,653 2086,884 1865,578 5169,035 Capital paid in 242,260 13,146 76,446 16,963 23,064 10,563 10,009 31,282 8,466 5,453 9,177 11,720 25,971 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) 27,5^3 13 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 189,960^ 13,088 39,891 12,976 18,213 12,903 11.25»utp 27,470 10,572 6,858 9,600 9,381 17,755 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,159,613 2781,641 13,042,503 3033,510 4189,858 2880,578 2508,470 8191,844 2032,506 1203,100 2127,165 1906,196 5262,242 Contingent liability on acceptances purchased for foreign correspondents 8,023 503 2/2,361 633 746 414 349 1,128 308 211 308 308 754 Industrial loan commitments 6,424 1,700 916 62 2,509 815 422 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,279,277 1555,308 5,610,755 1772,256 2317,552 1791,427 1384,087 4732,261 1174,812 634,527 991,857 727,344 2587,091 Collateral for F.R. notes: Gold certificates 12,699,000 450,000 4,470,000 750,000 776600,,000000 558800,,000000 485,000 2470,000 270,000 165,000 280,000 219,000 1800,000 Eligible paper 69,443 3,893 11,765 4,151 — 3,630 9,825 7,800 11,779 -—— 16,600 U. S. Govt, securities 13,675,000 1300,000 1,300,000 1100,000 1625,000 1300,000 ^9 50,000 2300,000 1000,000 505,000 750,000 545,000 1000,000 26,443,443 1753,893 5,781,765 1854,151 2385,000 1883,630 1435,000 4770,000 1279,825 677,800 1041,779 764,000 2816,600 Total collateral 1/ After deducting $391,090,000 participations of other Federal Reserve Banks. 2/ After deducting $5,662,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis