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 10, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April Member Sank reserves decreased $l6o million. The principal changes reducing reserves were increases of $86 million in Treasury deposits with Federal Reserve Banks and $81 million in Money in circulation, and a decrease of $16 million in Reserve Bank credit. The principal offsetting changes were decreases of $10 million in Other deposits with Federal Reserve Banks and $8 million in Treasury cash holdings* The decrease of $l6 million in Reserve Bank credit resulted from decreases of $35 million in Float and $20 million in U, 8. Government securities, and an increase of $38 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected a decrease of $20 million in certificates. Change since Member Bank Reserves April 9, April 2, April 11 and Related Items 1952 1952 1951 (in millions of dollars) Reserve Bank credit U. S. Government securities 22,494 - 20 - 592 Acceptances purchased — — mm mm - 1 Loans, discounts and advances 173 + 38 + 77 Float 726 - 35 + 14 Total 23,393 - 16 - 502 Gold stock 23,293 + 2 +1, 487 Treasury currency outstanding 4,736 + 96 - - Money in circulation 28,526 + 81 +1 ,360 Treasury cash holdings 1,273 - 8 14 Treasury deposits with F. R. Banks 381 + 86 30 Foreign deposits with F. R. Banks 266 562 - 3 Other deposits with F. R. Banks 201 - 10 161 Other F. R. accounts (net) 827 + 74 Member bank reserves -160 19,652 + 119 • Required reserves (estimated) 19,tib6 - 88 + 570 Excess reserves (estimated) - 72 451 - Daily average excess reserves (estimated) 609 -105 - 323 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) April 9, April 2, April 11 1952 1952 1951 A S S E TS Gold certificates 21,416,254 + 3 + 1,461,353 Redemption fund for F. R. notes 698,986 138 + 79,566 - Total gold certificate reserves 22,115,240 135 + 1,540,919 - Other cash 357,004 11,433 + 20,516 - Discounts and advances 167,479 + 37,886 + 75,392 Industrial loans 5,129 95 + 1,025 ~ Acceptances purchased 709 - - - -- - - U. S. Government securities: Bills 1,602,098 — WW - - « Certificates 11,790,306 19,500 +11,790,306 — Notes 5,068,073 9,918,160 « - - - Bonds 5,635,823 862,001 ——— - Total U. S. Government securities 22,494,202 19,500 591,953 - - Total loans and securities 22,666,810 + 18,291 , 516,245 Due from foreign banks 28 mm *» m* 5 F. R. notes of other banks 143,415 10,501 + 8,361 - Uncollected cash items 3,402,033 285,436 + 151,895 - Bank premises 44,457 + 136 + 3,787 Other assets 149,049 + 7,501 - 5,851 TOTAL ASSETS 48,878,036 281,577 1,203,377 - L I A B I L I T I ES Federal Reserve notes 24,385,499 + 48,408 + 1,331,932 Deposits: Member bank--reserve accounts 19,652,022 159,618 + 118,924 U. S. Treasurer--general account 380,758 + 85,818 30,413 - Foreign 562,297 - 2,488 - 265,414 Other 201,254 9,998 160,474 - - Total deposits 20,796,331 - 86,286 - 337,377 Deferred availability cash items 2,675,944 - 250,634 + 137,309 Other liabilities and accrued dividends 15,805 + 596* 3,762 TOTAL LIABILITIES 47,873,579 287,916* + 1,135,626 - C A P I T AL A C C O U N TS Capital paid in , ~ 242,341 + 81 + 14,027 Surplus (Section 7) 538,342 28,320 Surplus (Section 13b) 27,543 *• - — - ~ - Other capital accounts 196,231 + 6,258* + 25,404 TOTAL LIABILITIES^AND CAPITAL ACCOUNTS 48,878,036 281,577 + 1,203,377 • Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 48.9 + 2.3 56 - -- Contingent liability on acceptances purchased for foreign correspondents 8,096 + 73 24,696 Industrial loan commitments 6,505 81 + + 3,877 *ApriI 2 figures revised MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 9, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U, S. Government advances loans securities Within 15 days 123,966 1>015 16 to 90 days 43,513 660 532,856 91 days to 1 year 2,2.69 12,877,675 Over 1 year to 5 years 1,185 5,441,352 Over 5 years to 10 years 1,013,614 Over 10 years 2,628,705 Digitized for FRA T S o E t R a l 167,479 5,129 22,49^,202 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 9, 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 21,416,254 741,405 7,233,158 1268,037 1486,821 920,655 818,233 4041,640 543,066 330,360 745,796 610,590 2676,493 t0r 698.966 61.590 73.461 54.081 79.952 64.494 48,748 115.999 48.820 24,815 36,742 27,806 62,1,78 ^reserves c e r t l f l c a te 22,115,240 802,995 7,306,619 1322,118 1566,773 985,149 866,981 4157,639 591,886 355,175 782,538 638,396 2738,971 Other cash 357,004 23,116 67,621 19,337 31,442 24,363 31,628 68,850 18,177 5,072 11,606 11,348 44,444 Discounts and advances 167,479 3,170 46,508 5,353 10,953 5,319 1,652 65,131 4,832 4,164 13,563 532 6,302 "Indust riasl losans 5,129 —- — 4,002 as 11 — 9°3 892 i s118 — —1 126 "" " 1 u 6 sas ss ss ii'si ^curities Vermnea 22,494,202 1524,949 4,842,349 1381,279 2242,627 1503,265 1322,457 3474,679 1235,067 715,338 108l,8l4 1063,009 2107,369 TotsiX X031113 securities— 22,666,810 1528,119 4,888,857 1390,634 2253,580 1508,677 1325,001 3539,810 1239,899 719,628 1095,377 1063,557 2113,671 3^,:^3 6%:: «!;?£ M *:i?8 || Due from foreign banks 28 ,fr s2 l/,as a 8s 2 3 a1 a as 1 ^ a „s 1 , , 1 io ^ «s. s && 3 TOTAL ASSETS 48,878,036 2699,315 12,938,585 2962,064 4164,592 2844,101 2492,683 8342,071 2014,341 1174,185 2072,891 1891,031 5282,177 1/ After deducting $20,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1.4.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 9, 1952 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St. Louis Mpls. Kans.Cy. Dallas SanFran. L I A B I L I T I ES 24,385,499 1500,656 5,398,223 1732,099 2236,306 1701,631 1326,740 4645,216 1127,280 625,341 961,680 682,630 2447,697 Federal Reserve notes D ; e p M o e s m i b t e s r : t ank-reserve accts.1 9,652,022 849,211 6,109,806 935,771 1538,964 823,228 899,569 3072,821 697,336 432,289 914,896 999,013 2379,118 370,940 129 542 1,024 1,928 518 353 1,503 1,766 503 974 U.S.Treasurer-general acct 360,758 578 Foreign 562,297 34,763 1/170,913 43,735 51,584 28,596 24,110 77,937 21,307 14,578 21,307 21,307 52,160 Other 201,254 4,158 137,690 1,135 5.365 4,323 1,834 2,857 8,202 1,205 530 623 33,332 20,796,331 888,710 6,789,349 980,770 1596,455 857,171 927,441 3154,133 727,198 449,575 938,499 1021,446 2465,584 Total deposits 461,880 172,029 236,335 230,206 191,487 399,655 117,449 71,069 131,437 145,440 273,846 Deferred avail, cash items 2,675,944 245,111 Other liabilities and accrued dividends 15.805 1,008 4,443 867 1,934 8o4 751 2,306 6?4 547 673 593 1,205 12,653,895 2885,765 4071,030 2789,812 2446,419 8201,310 1972,601 1146,532 2032,289 1850,109 5188,332 TOTAL LIABILITIES 47,873,579 2635,485 Capital paid in 242.341 13,146 76,449 16,966 23,067 10,588 10,009 31,282 8,468 5,453 9,188 11,721 26,004 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 196,231 13,481 41,179 13,351 18,841 13,327 11,622 28,449 10,963 7,064 9,910 9,684 18,300 TOTAL LIABILITIES AMD 48,878,036 2699,315 12,938,585 2962,064 4164,592 2844,101 2492,683 8342,071 2014,341 1174,185 2072,891 1891,031 5282,J77 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 8,096 502 2/2,445 631 745 413 348 1,125 308 210 308 308 "53 6,505 1,808 916 62 2,482 815 422 Industrial loan commitments FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,272,175 1550,361 5,614,396 1779,786 2318,250 1786,942 1381,417 4733,686 1171,421 637,177 990;898 724,626 2583,215 Collateral for F.R. notes: 4,470,000 750,000 8108,1000,0000 558800,,000000 485,000 2470,000 270,000 165,000 280,000 219,000 1800,000 Gold certificates 12,749,000 450,000 Eligible paper 78,054 2,302 41,280 4,261 — 4,180 4,300 3,800 12,931 5,000 U. S. Govt, securities 13,625,000 1300,000 1,300,000 1100,000 1575,000 1300,000 950,000 2300,000 1000,000 505,000 750,000 545.000 1000,000 Total collateral 26,452,054 1752,302 5,811,280 1854,261 2385,000 1884,180 1435,000 4770,000 1274,300 6'f3,800 1042,931 764,000 2805,000 l/ After deducting $391,369,000 participations of other Federal Reserve ranks. 2/ After deducting $5,651,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis