H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM g.4.1 (For Immediate Release) May 1, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 30, Member bank reserves increased $65 million. The principal changes supplying reserves were decreases of *427 million in Treasury deposits with Federal Reserve Banks, $75 million in Other F. R. accounts (net), and $20 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $3*1 million in Reserve Bank credit and an increase of $127 million in money in circulation. The decrease of $341 million in Reserve Bank credit resulted from decreases of $178 million in Float, $154 million in Loans, discounts and advances, and $9 million in U. S. Government securities. Holdings of U. S. Government securities reflected a decrease of $9 million in certificates• Change since Member Bank Reserves April 30, April 23, May 2, and Related Items 1952 1952 2251 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,363 - 9 - 353 681 -154 + 412 Loans, discounts and advances 588 -178 - 151 Float Total 23,632 -341 - 92 23,297 + 2 +1,, 542 Gold stock Treasury currency outstanding 4,739 + 1 + 96 28,460^ +127 +1,205 Money in circulation l,284-\ - 3 - 10 Treasury cash holdings Treasury deposits with F. R. Bante 450 -427 - 257 Foreign deposits with F. R. Banks 518 - 20 - 391 Other deposits with F. R. Banks 266 - 5 - 51 Other F. R. accounts (net) 749 - 75 + 52 19,940 + 65 + 998 Member bank reserves Required reserves (estimated) 19,144^ + 61 + 658 Excess reserves (estimated) 796-1 + 4 + 340 Daily average excess reserves (estimated) 559 - k6 + 46 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since April 30, April 23, May 2, 1952 1952 2251 A S S E TS Gold certificates 21,412,253 1,998 + Redemption fund for F. R. notes 693,428 1,843 + 70,600 Total gold certificate reserves 22,105,681 3,841 + Other cash 363,292 13,680 + 31,338 Discounts and advances 676,260 - 154,062 + 412,363 Industrial loans 5,158 + 88 + 502 Acceptances purchased 165 U. S. Government securities: Bills - 1,229,298 Certificates 11,659,306 9,000 +11,659,306 Notes 5,569,073 - 9,348,060 Bonds 5,135,823 - 1,434,436 Total U. S. Government securities 22,363,202 9,000 - 352jltMB Total loans and securities 23,044,620 162,974 + 60,212 Due from foreign banks 28 5 F. R. notes of other banks 155,067 4,956 + 29,161 Uncollected cash items 3,326,466 309,716 35,895 Bank premises 44,649 + 90 + 3,734 Other assets , 173,0^2 + _RJZ607 2,708 TOTAL ASSETS 49,212,855 487,470 + 1,675,288 L I A B I L I T I ES Federal Reserve notes 24,332,276 + 97,955 + 1,206,459 Deposits: Member bank--reserve accounts 19,940,266 + 65,453 + 998,629 U. S. Treasurer—general account 450,418 - 426,572 - 256,105 Foreign 518,184 19,770 - 391,168 Other 266,349 - 50,798 •r~^M Total deposits 21,175,217 +300,558 Deferred availability cash items 2,738,727 - 131,937 + 115,517 Other liabilities and accrued dividends .» }7,330 + 168 + 4,691 TOTAL LIABILITIES 48,263,550 : 419,728 + 1,627,225 C A P I T AL A C C O U N TS Capital paid in " 242,928 284 + 14,179 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 140,492 68,026 + 5,564 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,212,855 487,470 + 1,675,288 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 48.6% + 2.0$ Contingent liability on acceptances purchased for foreign correspondents 8,118 + 22 23,355 Industrial loan commitments 6,536 91 3,825 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. APRIL 30, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 608,874 865 16 to 90 days 67,386 786 441,856 91 days to 1 year 2,277 12,837,675 Over 1 year to 5 years 1,230 5,941,352 Over 5 years to 10 years 1,013,614 Over 10 years 2,128,705 Total 676,260 "57I5B- 22,363,202 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

3.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 30, 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. Gdld certificates 21,412,253 795,727 7,117,296 1265,261 1433,546 933,250 838,662 4230,885 575,239 358,466 716,142 612,204 2535,575 Redemption fund for F. R. notes 693,428 61,143 71,786 53,230 79,396 64,500 48,294 115,349 48,613 24,740 36,564 27,648 62,165 Total gold certificate reserves 22,105,681 856,870 7,189,082 1318,491 1512,942 997,750 886,956 4346,234 623,852 383,206 752,706 639,852 2597,740 Other cash 363,292 24,807 72,308 24,002 27,604 25,240 35,228 65,895 18,548 7,009 11,328 11,742 39,581 Discounts and advances 676,260 11,586 216,006 10,305 39,795 21,608 24,039 60,472 18,522 15,973 71,891 14,574 171,489 Industrial loans 5,158 - -- 4,108 - — - 100 820 — — — — — — 125 mm mm mm 5 mm mm U. S. Govt, securities: Certificates 11,659,306 790,420 2,509,910 715,952 1162,409 779,179 685,462 1801,013 640,166 370,778 560,731 550,984 1092,302 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 22,363,202 1516,069 4,814,149 1373,235 : 2229,566 1494,510 1314,755 3454,444 1227,874 711,172 1075,513 1056,818 2095,097 securities 23,044,620 1527,655 5,030,155 1387,648 2269,361 1516,218 1339,6l4 3514,916 1246,396 727,270 1147,404 1071,397 2266,586 Due from foreign banks 28 2 l/ 8 2 3 1 1 4 1 1 1 1 3 F.R.notes of other banks 155,067 3,125 21,244 7,525 7,245 38,345 18,994 15,661 6,6l4 5,939 5,193 6,007 19,175 Uncollected cash items 3,326,466 295,805 620,657 221,996 324,113 257,555 244,64? 514,780 136,398 84,748 177,217 152,259 296,291 Bank premises 44,649 999 7,634 2,832 4,772 4,475 3,292 6,517 3,189 1,072 2,410 647 6,810 Other assets 173,052 13,100 36,48? 10,534 17,533 11,730 10,331 26,080 9,223 5,352 8,433 8,117 16,132 TOTAL ASSETS 49,212,855 2722,363 12,977,575 2973,030 4l63,573 2851,314 2539,063 8490,087 2044,221 1214,597 2104,692 1890,022 5242,318 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 30, 1952 (in thousands of dollars) H.4.1(c) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St. Louis Myls. Kans.Cy. Dallas SanFran. L I A B I L I T I ES 24,332,276 1497,396 5,389,395 1718,409 2231,156 1697,996 1329,389 4634,344 1123,811 621,259 962,537 687,439 2439,145 1 Federal Reserve notes Deposits: 19,940,266 846,211 6,415,353 931,317 1489,651 817,332 877,894 3188,230 696,689 446,382 910,674 979,478 2341,055 !• Member bank-reserve accts. U.S.Treasurer-general acct 450,418 32,347 41,852 36,002 26,159 45,755 49,562 4o,6o6 43,482 34,152 30,989 32,284 37,228 518,184 32,122 1/156,535 40,412 47,665 26,423 22,278 72,016 19,688 13,471 19,688 19,688 48,198 Foreign 266,349 3,791 199,478 1,481 3,711 2,121 2,557 6,083 6,815 1,709 3,993 1,678 32,932 Other Total deposits 21,175,217 914,471 6,813,218 1009,212 1567,186 891,631 952,291 3306,935 766,674 495,714 965,344 1033,128 2459,413 Deferred avail, cash items 2,738,727 249,263 496,906 171,464 274,782 210,308 213,604 414,409 114,313 71,230 138,224 130,530 253,694 Other liabilities and accrued dividends 17,330 1,051 4,874 1,009 2,267 798 772 2,595 725 510 662 663 l,4o4 ! TOTAL LIABILITIES 48,263,550 2662,181 12,704,393 2900,094 4075,391 2800,733 2496,056 8358,283 2005,523 1188,713 2066,767 1851,760 5153,656 Capital paid in 242,928 13,146 76,502 16,971 23,312 10,595 10,014 31,308 8,504 5,454 9,225 11,738 26,159 Surplus (Section 7) 538,342 34,192 159,7^3 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 140,492 9,833 29,618 9,983 13,216 9,612 8,360 19,466 7,885 5,294 7,196 7,007 13,022 TOTAL LIABILITIES AMD 49,212,855 2722,363 12,977,575 2973,030 4163,573 2851,314 2539,063 8490,087 2044,221 1214,597 2104,692 1890,022 5242,318 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 8,118 503 2/2,451 633 747 4l4 349 1,128 309 211 309 309 755 Industrial loan commitments 6,536 1,846 916 62 2,482 815 415 FEDERAL RESERVE AGENTS * ACCOUNTS F. R. notes outstanding 25,259,528 1551,094 5,619,590 1777,794 2307,588 1790,797 1381,297 4725,324 1169,655 633,142 991,011 721,065 2591,17: Collateral for F.R. notes: Gold certificates 12,749,000 450,000 4,470,000 750,000 8108,01000,000 558800,,000000 485,000 2470,000 270,000 165,000 280,000 219,000 1800,00c Eligible paper 505,472 10,160 198,050 8,511 — 19,560 17,648 .15,375 70,818 — 165,350 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 26,879,472 1760,16^ 5,968,050 1858,511 2385,000 1899,560 1435,000 47707000 1287,648 685,375 1100,818 764,000 2965,350 1/ After deducting $361,634,000 participations of other Federal Reserve Banks. 2/ After deducting $5,667,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis