H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) April 24, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 23, Member bank reserves decreased $3^3 million. The principal changes reducing reserves were an increase of $357 million in Treasury deposits with Federal Reserve Banks and a decrease of $136 million in Reserve Bank credit. The principal offsetting changes were decreases of $103 million in Money in circulation and $38 million in Foreign deposits with Federal Reserve Banks. The decrease of $136 million in Reserve Bank credit resulted from decreases of $249 million in Float and $95 million in U. S, Government securities, and an increase of $208 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected a decrease of $95 million in certificates. Change since Member Bank Reserves April 23, April 16, April 25, and Related Items 1952 1952 1951 (in millions of dollars) Reserve Bank credit: U. S. Government securities 22,372 - 95 - 568 Loans, discounts and advances 835 +208 + 681 Float 766 -249 + 71 Total 23,973 -136 + 184 Gold stock 23,295 + 2 +1,488 Treasury currency outstanding . 4,738 + 1 + 97 Money in circulation 28,333 -103 +1,211 Treasury cash holdings 1,287 - 1 9 Treasury deposits with F. R. Banks 877 +357 + 199 Foreign deposits with F. R. Banks 538 - 38 - 354 Other deposits with F. R. Banks 271 6 49 Other F. R. accounts (net) 824 - 1 + 71 Member bank reserves 19,875 -343 + 699 Required reserves (estimated) 19,08f -113 + 601 Excess reserves (estimated) -230 + 98 Daily average excess reserves (estimated) 605 -169 - 210 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

t H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since April 23, April 16, April 25 1952 1952 1951 A S S E T S Gold certificates 21,414,251 1 + 1,468,349 Redemption fund for F. R. notes 695,271 1 + 72,979 - Total gold certificate reserves 22,109,522 2 + 1,5^1,328 - Other cash 376,972 + 15,215 + 36,434 Discounts and advances 830,322 + 208,220 + 681,094 Industrial loans 5,070 + 75 + 549 Acceptances purchased 258 - U. S. Government securities: Bills 1,424,698 Certificates 11,668,306 95,000 +11,668,306 - Notes 5,568,073 - »— - 9,377,060 Bonds 5,135,823 - 1,434,436 Total U. S. Government securities 22,372,202 95,000 567,886 - Total loans and securities 23,207,594 + 113,295 + 113,497 Due from foreign banks 28 5 — —— - F. R. notes of other banks 160,023 + 4,307 + 24,561 Uncollected cash items 3,636,182 859,756 + 364,832 - Bank premises 44,559 14 + 3,688 Other assets 165,445 •f 7,469 2,629 - TOTAL ASSETS 49,700,325 719,458 + 2,081,706 - L I A B I L I T I ES Federal Reserve notes 24,234,321 86,400 + 1,220,061 Deposits: Member bank—reserve accounts 19,874,813 - 343,151 + 699,254 U. S. Treasurer—general account 876,990 + 357,211 + 198,587 Foreign 537,954 38,083 - 353,788 Other 271,374 5,560 : Total deposits 21,561,131 297553 +£95,281 Deferred availability cash items 2,870,664 - 610,439 + 293,986 Other liabilities and accrued dividends 17,162 + 654 + 2,743 TOTAL LIABILITIES 48,683 278 - 725,768 + 2,012,071 C A P I T AL A C C O U N TS Capital paid in ' 242,644 + 177 + 13,922 Surplus (Section 7) 538,342 — + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 208,518 + 6,133 + 27^393 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,700,325 - 719,458 + 2,081,706 Ratio of gold certificate reserves to deposit and F. R. note liabilitie scombined 48.3# + .1% + 1.6# Contingent liability on acceptances purchased for foreign correspondents 8,096 + 47 - 22,901 Industrial loan commitments 6,627 + 82 + 3,874 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 23, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 771,470 868 450,856 16 to 90 days 58,852 772 91 days to 1 year 2,228 12,837,675 Over 1 year to 5 years 1,202 5,941,352 Over 5 years to 10 years 1,013,614 Over 10 years 2,128,705 Total 830,322 5,070 22,372,202 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 23, 1952 (in thousands of dollars) A S S E TS Total Boston New York Phila, Cleve. Rich. Atlanta Chicago Sit ,Louis Mpls, Kans.Cy. Dallas SanFran. Gold certificates 21,414,251 752,395 7,079,900 1330,688 1534,995 946,390 807,728 4182,462 559,646 368,938 725,186 606,256 2519,667 Redemption fund for F. R. notes 695,271 61,344 72,425 53,588 79,648 63,912 48,509 115,650 48,716 24,779 36,664 27,726 62,310 Total gold certificate reserves 22,109,522 813,739 7,152,325 1384,276 1614,643 1010,302 856,237 4298,112 608,362 393,717 761,850 633,982 2581,977 Other cash 376,972 23,806 78,097 25,686 30,695 23,398 33,333 67,796 20,258 6,175 12,440 11,476 43,812 Discounts and advances 830,322 5,223 289,136 9,145 52,601 32,308 23,389 146,982 35,572 23,398 59,455 9,574 143,539 Industrial loans 5,070 — mm mm ^mmmm 4,022 mm mm mm 95 822 mmmmmm 126 5 — — — U. S. Govt, securities: Certificates 11,668,306 791,030 2,511,847 716,505 1163,307 779,781 685,991 1802,403 64o,66o 371,064 561,164 551,409 1093,145 Notes 5,568,073 377,476 1,198,645 341,913 555,126 372,109 327,353 860,100 305,721 177,070 267,785 263,130 521,645 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 Total U. S. Government securities 22,372,202 1516,679 4,816,086 1373,788 2;2 30,464 1495,112 1315,284 3455,834 1228,368 711,458 1075,946 1057,243 2095,940 Total loans and securities 23,207,594 1521,902 5,105,222 1386,955 2283,065 1527,515 1339,495 3602,816 1263,940 734,982 1135,401 1066,822 2239,479 Due from foreign banks 28 2 1/ 8 2 3 1 1 4 l 1 1 1 3 F.R.notes of other banks 160,023 4,362 21,360 7,297 6,932 36,756 22,673 16,019 8,129 5,807 6,656 5,984 18,048 Uncollected cash items 3,636,182 302,335 671,822 215,581 315,603 279,696 242,115 588,967 148,442 91,856 181,798 215,135 382,832 Bank premises 44,559 1,003 7,653 2,832 4,778 4,325 3,294 6,544 3,209 1,075 2,410 650 6,786 Other assets 165,445 13,092 35,048 10,076 16,389 11,232 9,842 24,801 8,710 5,063 8,022 7,838 15,332 TOTAL ASSETS 49,700,325 2680,241 13,071,535 3032,705 4272,108 2893,225 2506,990 8605,059 2061,051 1238,676 2108,578 1941,888 5288,269 l/ 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" APRIL 23, 1952 H.4.1(c) (In thousands of dollars) New York Phila. Cleve. Rich. Atlanta Chicago St. Louis Mpls. Kans.Cy. Dallas SanFran. L I A B I L I T I ES Total Boston 24,234,321 1493,488 5,369,297 1717,907 2230,371 1689,362 1310,141 4632,332 1117,420 621,625 955,004 676,562 2420,812 Federal Reserve notes Deposits: 6,443,722 928,370 1514,179 833,644 869,235 3132,627 692,358 449,453 917,841 937,530 2347,060 Member bank-reserve accts. 19,874,813 808,794 44,949 32,750 68,498 51,830 876,990 45,357 79,941 90,491 119,973 47,590 50,493 192,899 52,219 U.S.Treasurer-general acct 13,967 20,4l4 20,414 49,974 l/l62,973 41,902 49,422 27,397 23,100 74,671 20,4l4 537,954 33,306 Foreign 212.686 2.480 3,903 2.878 1,892 1,963 6,976 1.688 499 448 31,961 271.374 4,000 Other 971,504 1026,890 2480,825 Total deposits 21,561,131 891,457 6,899,322 1063,243 1687,477 911,509 944,720 3402,160 771,967 5 7 1 8 0, ,3 0 2 5 7 7 l4o,ll8 196,143 290,018 Deferred avail, cash items 2,870,664 229,643 510,809 173,650 257,255 236,418 204,306 425,486 128,491 Other liabilities and 4,788 858 2,125 841 856 2,375 721 616 708 766 1,524 accrued dividends 17,162 984 TOTAL LIABILITIES 48,683,278 2615,572 12,784,216 2955,658 4177,228 2838,130 2460,023 8462,353 2018,599 1210,625 2067,334 1900,361 5193,179 76,485 16,971 23,072 10,587 10,014 31,301 8,503 5,453 9,223 11,737 26,152 Capital paid in 242,644 13,146 14,063 20,367 18,210 47,341 Surplus (Section 7) 538,342 34,192 159,743 41,493 50,648 27,025 23,871 79,601 21,788 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 208,518 14,320 43,772 14,094 20,154 14,134 12.320 30.375 11,640 7,462 10,517 10,273 19,457 TOTAL LIABILITIES AND 49,700,325 2680,241 13,071,535 3032,705 4272,108 2893,225 2506,990 8605,059 2061,051 1238,676 2108,578 1941,888 5288,269 CAPITAL ACCOUNTS Contingent liability on acceptances purchased 308 for foreign correspondents 8,096 502 2/2,445 631 745 413 348 1,125 308 210 308 753 Industrial loan commitments 6,627 1,937 916 62 2,482 815 415 FEDERAL RESERVE AGENTS' ACCOUNTS 25,250,003 1547,270 5,616,212 1775,949 2314,185 1793,675 1385,457 4728,483 1161,592 634,124 988,084 720,589 2584,383 F. R. notes outstanding Collateral for F.R. notes: -.749,000 450,000 4,,70,000 750,000 810,000 580,000 485,000 8*0,000 270,000 165,000 280,000 2X9,000 1800,000: Gold certificates Eligible paper U. S. Govt, securities Total collateral gffiijj?? 1753!797 1857:351 S B :S l iM l/ After deducting $374,965,000 participations of other Federa lReserve Banks. 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