H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) April 17, 1952 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended April 16, Member ban kreserves increased $566 million. The principal changes supplying reserves were an increase of $716 million in Reserve Bank credit and a decrease of $90 millio nin Money in circulation. The principal offsetting changes were increases of $139 millio nin Treasury deposits with Federal Reserve Banks, $76 million in Other deposit swith Federal Reserve Banks, $15 million in Treasury cash holdings, and $14 million in Foreign deposits with Federal Reserve Banks. The increase of $716 millio nin Reserve Bank credit resulted from increases of $454 million in Loans, discounts and advances and $289 million in Float, and a decrease of $27 million in U. S. Government securities. Holdings of U. S. Government securities reflected an increase of $500 million in notes, and decreases of $500 million in bonds and $27 million in certificates. During the week, $500 million of 2-3/4 per cent Treasur yBonds, Investment Series B, 1975-80, were exchanged for 1-1/2 per cent Treasur ynotes due April 1, 1957• Change since Member Bank Reserves April 16, April 9, April 18, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit U. S. Government securities 22,467 - 27 - 619 £>caas, discounts an dadvances 627 +454 + 509 Float 1,015 +289 - 15 Total 24,109 +716 - 125 +1,486 Gold stock 23,293 — — Treasury currency outstanding 4,737 + 1 + 97 Money in circulation 28,436 - 90 +1,279 Treasury cash holdings 1,288 + 15 5 Treasury deposits with F. R. Bank s520 +139 - 101 Foreign deposits with F. R. Bank s576 + 14 - 291 Other deposits with F. R. Bank s277 + 76 40 Other F. R. account s(net) 825 - 2 + 73 Member bank reserves 20,218 +566 + 544 Required reserves (estimated) 19,19<t + 80 + 638 Excess reserves (estimated) 1-092' +486 94 Daily average excess reserves (estimated) 774 +165 - 279 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

S.4.1(a) STATEMENT? bF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since April 16, April 9, April l8, 1952 1952 1951 i A S S E TS Gold Certificates 21,414,252 2,002 + Redemption fund for F. R. notes 695,272 3,714 + 71,84; Total gold certificate reserves 22,109,52k 5,716 + Other cash 361,757 + 4,753 + 29,55C Discounts and advances 622,102 + 454,623 + 508,612 Industrial loans 4,995 134 + 752 Acceptances purchased 4l8 U. S. Government securities: Bills - 1,563,598 Certificates 11,763,306 27,000 +11,763,306 Notes 5,568,073 500,000 - 9,409,560 Bonds 5,135,823 500,000 1,408,723 Total U. S. Government securities 22,467,202 27,000 - 5157575 Total loans and securities 23,094,299 + 427,489 - 109,629 Due from foreign banks 28 5 F. R. notes of other banks 155,716 + 12,301 + 24,399 Uncollected cash items 4,495,938 + 1,093,905 + 549,684 Bank premises 44,545 + 88 + 3,661 Other assets 157,976 + 8,927 3,954 TOTAL ASSETS 50,419,783 + 1,541,747 + 2,031,902 L I A B I L I T I ES Federal Reserve notes 24,320,721 64,778 + 1,282,777 Deposits: Member bank—reserve accounts 20,217,964 + 565,942 + 544,120 U. S. Treasurer—general account 519,779 + 139,021 101,680 Foreign 576,037 + 13,740 - 290,642 Other 276,934 + 75,680 40,099 Total deposits 21,590,71% + 794,383 + 111,699 Deferred availability cash items 3,481,103 + 805,159 + 564,989 Other liabilities and accrued dividends 16,508 + 703 + 3,898 TOTAL LIABILITIES 49,409,046 + 1,535,557 + 1,963,353 C A P I T AL A C C O U N TS Capital paid in 242,467 126 + 13,843 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 202,385 + 6,154 26,376 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,419,783 + 1,541,747 + 2,031,90? Ratio of gold certificate reserves to deposit and F. R. not eliabilities combined 48.2% .7% 2.0# Contingent liability on acceptances purchased for foreign correspondents 8,049 47 23,070 Industrial loan commitments 6,545 40 3,822 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL l6, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government; advances loans securities Within 15 days 566,304 876 16 to 90 days 46,798 710 530,856 91 days to 1 year 9,000 2,184 12,852,675 Over 1 year to 5 years 1,225 5,941,352 Over 5 years to 10 years 1,013,614 Over 10 years 2,128,705 Digitized for FRASTEoRt al 622,102 4,995 22,467,202 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERA LRESERVE BASIS ON APRIL l6 ,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 21,414,252 746,607 7,197,985 1267,765 1474,686 940,573 804,782 4126,830 560,886 358,195 780,309 589,594 2566,040 Kr!Ttnote=Und f°r 695.272 61,344 72.429 53.588 79.648 63.912 48,509 115,650 48.716 24,779 36,66? 27.726 62,310 ^reserves certlflcate 22,109,524 807,951 7,270,410 1321,353 1554,334 1004,485 853,291 4242,480 609,602 382,974 816,974 617,320 2628,350 EST- £35 IS AS % S:£ 2: KSS &S $S 3 £:$ "'S Industrial loans 4,995 — — 3,954 — 96 804 — — 126 — 15 » » S« 8» $8 S',S'S$ m K : Bonds 5.135,823 348,173 1,105,594 315,370 512,031 343,222 301,940 793,331 281,987 163,324 246,997 242,704 481,150 T°securitiesG°VerameQt 22,467,202 1523,119 4,836,537 1379,621 2239,935 1501,461 1320,869 3470,509 1233,584 714,479 1080,515 1061,733 2104,840 ~°securities~~ 23,094,299 1526,315 5,118,028 1393,020 2275,036 1513,260 1339,66 23531,091 1268,263 722,253 1123,270 1062,622 2221,479 Due from foreign banks 28 2 l/8 2 3 1 1 ^ ^ ^ ^ __ F.R.notes of other bank s155,716 3,065 21,l8o 7,741 6,397 36,754 24,4-70 15,713 7,778 ^,527 5,720 7,211 15,1 Uncollected cash items 4,495,938 352,460 902,186 265,527 400,422 381,518 308,401 781,954 175,807 108,221 202,881 204,767 411,794 Bank premises 44 545 1,003 7,633 2,837 4,778 4,328 3,293 6,544 3,208 1,075 2,410 650 6,786 Other assets 157,976 12.159 33,740 9,550 15,809 10,732 9,435 23,577 8,326 4,838 7,689 7,558 14,563 TOTAL ASSETS 50,419,783 2726,808 13,422,572 3023,483 4284,193 2973,857 2571,88 48668,826 2093,013 1230,476 2170,727 1912,442 5341,502 1/ After deducting $20,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON APRIL 16, 1952 (In thousands of dollars) H.4.1(c) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St. Louis Mpls. Kana.Cy. Dallas SanFran. L I A B I L I T I ES 24,320,721 1497,619 5,386,270 1724,462 2235,4o4 1702,782 1319,473 4638,832 1124,132 622,921 956,903 677,718 2434,205 Federal Reserve notes Deposits: Member bank-reserve accts.2 0,217,964 832,151 6,580,458 936,738 1538,552 824,068 898,006 3135,666 717,702 447,707 958,215 958,314 2390,387 U.S.Treasurer-general acct. 519,779 30,362 92,781 31,905 53,679 32,544 33,557 91,355 36,204 26,201 36,411 33,503 21,277 Foreign 576,037 35,390 1/177,605 44,522 52,514 29,111 24,544 79,341 21,690 14,84l 21,690 21,690 53,099 Other 276,934 3,516 216,724 1,873 5,233 4,390 1,710 1,663 8,075 1,273 1,561 739 30,177 Total deposits 21,590,714 901,419 7,067,568 1015,038 1649,978 890,113 957,817 3308,025 783,671 490,022 1017,877 1014,246 2494,940 Deferred avail, cash items 3,481,103 262,424 677,684 206,366 302,829 325,517 247,210 577,835 142,488 89,189 154,369 178,562 316,630 Other liabilities and accrued dividends 16.508 1,031 5,o4l 939 1,787 759 764 2,390 644 495 653 687 1,318 TOTAL LIABILITIES 49,409,046 2662,493 13,136,563 2946,805 4189,998 2919,171 2525,264 8527,082 2050,935 1202,627 2129,802 1871,213 5247,093 Capital paid in 242,467 13,146 76,455 16,971 23,070 10,587 10,012 31,289 8,480 5,453 9,210 11,733 26,061 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 202,385 13,966 42,492 13,725 19.471 13,725 11,975 29,425 11,289 7,260 10,211 9,979 18,867 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,419,783 2726,808 13,422,572 3023,483 4284,193 2973,857 2571,88 48668,826 2093,013 1230,476 2170,727 1912,442 5341,502 Contingent liability on acceptances purchased for foreign correspondents 8,049 499 2/2,431 628 740 410 346 1,119 306 209 306 306 749 Industrial loan commitments 6,545 1,855 916 62 2,482 815 415 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,315,560 1553,231 5,636,835 1783,870 2320,647 1797,506 1391,006 4734,759 1169,314 635,768 987,776 718,922 2585,926 Collateral for F.R. notes: 12,749,000 450,000 4,470,000 750,000 810,000 580,000 485,000 2470,000 270,000 165,000 280,000 219,000 1800,0001 Gold certificates Eligible paper 491,007 1,770 274,395 7,651 10,055 33,805 7,050 41,781 114,500 U. S. Govt, securities 13,625,000 1300.000 1,300,0001100.0001575.0001300,000 950,0002300,0001000,000 505,000 750,000 545,000 1000,ooq Total collateral 26^865^007 1751/770 6^044^395 1857,651 2385,000 1890,05 51435,000 4770,000 1303,805677,050 1071,781764,000 2914,yOO 1/ After deducting $398,418,000 participations of other Federa lReserve Banks. 2/ After deducting $5,618,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis