H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOA# OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) May 8, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended May f, Member bank reserves increased $94 million. The principal changes supplying reserves were an increase of $435 million in Reserve Bank credit and a decrease of $20 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $299 million in Treasury deposits with Federal Reserve Banks and $63 million in Money in circulation increase of $435 million in Reserve Bank credit resulted from increases of $367 million in Loans, discounts and advances and $102 million in Float, and a decrease of $34 million in U» S. Government securities. Holdings of U. S, Government securities reflected a decrease of $34 million in certificates. Change since Member Bank Reserves May 7, April 30, May 9, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,329 -.34 - 215 Loans, discounts and advances 1,048 +367 + 622 Float 690 +102 - 46 Total 24,067 +435 + 361 Gold stock 23,297 -- +1,542 Treasury currency outstanding ^>739 + 96 Money in circulation 28,523 + 63 +1,208 Treasury cash holdings 1,286 + 2 12 Treasury deposits with F, R. Banks 749 +299 - 18 Foreign deposits with F, R. Banks 498" - 20 - 396 Other deposits with F. R. Banks 265 - 1 - 36 Other F. R. accounts (net) 747 - 2 + 51 Member bank reserves 20,034 + 94 +1,201 Required reserves (estimated) 19,06^^ - 80 + 794 Excess reserves (estimated) 970-V7) +174 + 407 Daily average excess reserves (estimated) 639 + 80 29 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 COMBINED (In thousands bf dollars) Change since May 7, April 30, May 9, 1952 1952 1951 A S S E TS Gold certificates 21,412,249 4 + 1,521,348 Redemption fund for F. R. notes 689,550 - 3,878 + 66,442 Total gold certificate reserves 22,101,799 - 3,882 + 1,587,790 Other cash 348,735 - 14,557 + 25,785 Discounts and advances 1,042,885 + 366,625 + 621,313 Industrial loans 5,114 44 + 296 U. S. Government securities: Bills 1,014,351 Certificates 11,625,306 - 34,000 +11,625,306 Notes 5,568,073 — » ~ - 9,344,060 Bonds 5,135,823 -•» — - 1,481,556 Total U. S. Government securities 22,329,202 - 34,000 214,661 - Total loans and securities 23,377,201 + 332,581 + 406,948 Due from foreign banks 28 — - 5 F. R. notes of other banks 140,189 - 14,878 + 12,287 Uncollected cash items 3,265,986 - 60,480 + 125,314 Bank premises 44,639 10 + 3,643 Other assets 180,773 + 7,721 1,528 - TOTAL ASSETS 49,459,350 + 246,495 + 2,160,234 L I A B I L I T I ES Federal Reserve notes 24,364,034 + 31,758 + 1,184,624 Deposits: Member bank--reserve accounts 20,03^,029 ottf+ 93,763 + 1,200,677 U, S. Treasurer--general account 749,485/ + 299,067 17,386 Foreign 497 , O) - - 20,576 - 396,403 Other 265, hS&W0 - 1,157 36,007 Total deposits 21,546,31V5 + 371,097 + 750,881 Deferred availability cash items 2,576,341 - 162,386 + 171,277 Other liabilities and accrued dividends 17,153-^ 177 + 4,811 TOTAL LIABILITIES 58,503,842 + 240,292 + 2,111,593 C A P I T AL A C C O U N TS Capital paid in 242,995 67 + 14,007 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 146,628 + 6,136 + 6,314 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ^9,459,350 + 246,495 + 2,160,234 Ratio of gold certificate reserves to deposit and F. R, note liabilities combined 48.1# .5$ 1,5% Contingent liability on acceptances purchased for foreign correspondents 8,120 2 23i316 Industrial loan commitments 6,473 63 3,858 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 7, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 977,109/1 868 16 to 90 days 65,<$76 870 416,856 91 days to 1 year 100-—(L- 2,123 12,828,675 Over 1 year to 5 years 1,253 5,941,352 Over 5 years to 10 years 1,013,6-14 Over 10 years 2,128,705 Total 1,042,885 5,114 22,329,202 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 7, 1952 (in thousands of dollars) L I A B I L I T I ES Total A Boston New York Phila. Cleve. Rich. Atlanta Chicago St. Louis Mpls. Kans.Cy Dallas SanFran. Federal Reserve notes 24,364,034/1497,987 5,386,754 1717,895 2240,695 1694,254 1333,375 4637,134 1124,808 625,347 964,095 686,878 2454,812 Deposits: Member bank-reserve accts. 20,034,029 811,123 6,434,607 916,113 1504,266 832,420 879,225 3155,126 702,629 462,866 912,274 996,792 2426,588 U.S.Treasurer-general acct. 749,485 73,007 131,991 51,764 97,594 45,123 38,435 115,113 33,602 40,786 40,134 43,474 38,462 Foreign 497,6#/ 30,523 1/153,708 38,399 45,292 25,107 21,169 68,430 18,707 12,800 18,707 18,707 6,059 Other 265,493A# 4,195 198,637 1,228 4,278 5,296 1,830 1,540 8,155 1,886 4,240 1,045 <32,863 33,1-33 Total deposits 21,546,314^ 918,848 6,918,943 1007,504 1651,430 907,946 940,659 3340,209 763,093 518,338 975,355 1060,018 2543,972 Deferred avail, cash items 2,576,341 222,848 446,655 157,526 220,361 211,794 200,899 380,774 116,578 75,405 l4o,88o 131,430 271,191 Other liabilities and accrued dividends 17,153^ 1,167 4,610 868 2,011 860 779 2,532 708 926 647 676 1,368 TOTAL LIABILITIES 48,503,842 2640,850 12,756,962 2883,793 4114,497 2814,854 2475,712 8360,649 2005,187 1220,016 2080,977 1879,002 5271,343 Capital paid in 242,995 13,146 76,504 16,966 23,314 10,595 10,014 31,310 8,504 5,455 9,225 11,789 26,173 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,l4o Other capital accounts 146,628 10,169 30,994 10,362 13,852 10,034 8,712 20,344 8,278 5,502 7,497 7,284 13,600 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,459,350 2701,368 13,031,522 2957,103 4203,317 2865,857 2519,071 8493,333 2044,278 1246,109 2119,203 1917,592 5360,597 Contingent liability on acceptances purchased for foreign correspondents 8,120 503 2/2,452 633 747 4l4 349 1,129 309 211 309 309 755 Industrial loan commitments 6,473 1,890 916 62 2,380 810 415 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,214,293 1550,034 5,605,734 1769,339 2310,961 1780,793 1378,090 4718,577 1163,972 635,098 993,261 719,787 2588,647 Collateral for F.R. notes: Gold certificates 13,049,000 450,000 4,470,000 750,000 810,000 580,000 485,000 2770,000 270,000 165,000 280,000 219,000 1800,000 Eligible paper 717,251 14,467 410,085 9,536 — 24,260 — 19,935 4,600 73,118 161,250 U. S. Govt, securities 13,275,000 1300,000 1,300,000 1100,000 1575,000 1300,000 950,000 2000,000 950,000 505,000 750,000 545,000 1000,000 Total collatera.1 27,041,251 1764,467 6,180,085 1859,536 2385,000 1904,260 1435,000 4770,000 1239,935 674,600 1103,118 764,000 2961,250 l/ After deducting $343,626,000 participations of other Federal Reserve Banks. 2/ After deducting $5,668,000 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 OH MAI f, 1952 H.4.1(b) (in thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kane.Cy. Dallas SanFran. Gold certificates 21,412,249 711,034 6,660,303 1246,238 1479,869 .927,416 852,173 4373,663 577,250 400,559 827,864 673,454 2682,426 Redemption fund for F. R. notes 689,550 61,027 70,868 52,994 79,252 62,501 48,185 115,186 48,577 24,725 36,530 27,613 62,092 Total gold certificate 22,101,799 772,061 6,731,171 1299,232 1559,121 989,917 900,358 4488,849 625,827 425,284 864,394 701,067 2744,518 reserves Other cash 348,735 23,552 69,890 21,502 33,004 20,637 31,957 63,813 17,281 5,770 11,113 11,305 38,911 Discounts and advances 1,042,885 15,893 429,031 11,330 88,151 2o,208 20,739 169,372 20,809 5,198 74,^91 13,574 1 ,3 9 Industrial loans 5, H4 — — 4,062 99 824 124 5 Certificates"1'1^68' 11,625,306 824,827 2,684,457 730,673 1160,485 785,731 672,862 1662,547 630,080 370,046 508,909 532,857 1061,832 Notes 5,568,073 395,060 1,285,752 349,965 555,827 376,335 322,274 796,296 301,784 177,237 243,748 255,218 508,577 Bonds 5,135,823 364,392 1,185,939 322,797 512,678 347,120 297,256 734,479 278,356 163,478 224,826 235,4o6 469,096 Total U. S. Government , ~ securities" ~ 22,329,202 1584,279 5,156,148 1403,435 2228,990 1509,186 1292,392 3193,322 1210,220 710,761 977,483 1023,481 2039,505 ~°securikes~ 23,377,201 l600,172 5,585,179 1418,827 2317,141 1535,493 1313,955 3362,694 1231,029 716,083 1051,674 1037,060 2207,894 Due from foreign banks 28 2 l/ 8 2 3 1 ^ "*" } z- ^ n Q F.R.notes of other "banks 140,189 3,039 18,473 5,687 6,275 35,704 17,558 14,3^3 7,283 % 5,889 6,4^1 Uncollected cash items 3,265,986 287,339 578,385 197,775 264,717 267,280 241,333 531,755 150,105 88,506 175,746 152,784 330,2 Bank premises 44,639 999 7,637 2,832 4,772 4,475 3,292 6,520 3,189 1,072 2,394 647 6,810 Other assets 180,773 14,204 40,779 11,246 18,284 12,350 10,617 25,355 9,563 5,626 7,992 8^237 16,520 TOTAL ASSETS #,459,350 2701,368 13,031,522 2957,103 4203,317 2865,857 2519,071 8493,333 2044,278 1246,109 2119,203 1917,592 5360,597 l/ After deducting $20,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis