H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) May 15, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended May 14, Member tank reserves decreased $81 million. The principal changes reducing reserves were a decrease of $303 million in Reserve Bank credit and an increase of $42 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $233 million in Treasury deposits with Federal Reserve Banks and $26 million in Money in circulation. The decrease of $303 million in Reserve Bank credit resulted from decreases of $372 million in Loans, discounts and advances and $14 million in U. S. Government securities, and an increase of $83 million in Float. Holdings of U. S. Government securities reflected a decrease of $14 million in certificates. Change since Member Bank Reserves May 14, May 7, May 16, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,315 - 14 - 82 Loans, discounts and advances 676 -372 + 129 Float 773 + 83 - 196 Total 23,764 -303 149 - Gold stock 23,297 4-1, 542 - - Treasury currency outstanding 4,739 + 96 - - Money in circulation 28,497 - 26 +1, 210 Treasury cash holdings 1,293 + 7 4 - Treasury deposits with F. R. Banks 516 -233 229 - Foreign deposits with F, R. Banks 539 + 42* - 372 Other deposits with F. R. Banks 257 - 8 - 46 Other F. R. accounts (net) 745 - 2 + 50 Member bank reserves 19,953 - 81 4- 881 s Required reserves (estimated) 19,08# + 24 + 782 Excess reserves (estimated) -105 + 99 Daily average excess reserves (estimated) 701 + 62 + 18 *May 7 figure revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.4.1(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) May 14, May 7, May 16, 1952 1952 1951 A S S E TS Gold certificates 21,410,254 1,995 + 1,529,353 - Redemption fund for F. R. notes 688,836 714 + 58,395 - Total gold certificate reserves 22,099,090 2,709 + 1,587,748 - Other cash 339,101 - 9,634 4- 13,720 Discounts and advances 670,620 w 372,265 4- 128,695 Industrial, loans 5,210 + 96 4- 220 U. S. Government securities: Bills — — — www 848,824 Certificates 11,611,306 14,000 +11,611,306 - Notes 5,568,073 9,336,560 — — — ' - Bonds 5,135,823 1,507,856 - - - - Total U. S. Government securities 22,315,202 14,000 81,934 - - Total loans and securities 22,991,032 386,169 + 46,981 Due "from foreign banks 28 5 — — — - F. R. notes of other banks 146,072 5,883 18,020 4" 4- Uncollected cash items 3,985,952 + 719,966 68,439 - Bank premises 44,829 + 190 4- 3,677 Other assets 189,326 8,553 258 4- - TOTAL ASSETS 49,795,430 4- 336,080 4- 1,601,444 L I A B I L I T I ES Federal Reserve notes 24,338,101 - 25,933 4- 1,186,859 Deposits: Member bank--reserve accounts 19,952,861 - 81,168 4- 880,779 U. S. Treasurer--general account 515,862 233,623 229,533 - - Foreign 539,480 42,132* 371,220 4* - Other 257,016 8,437* 46,235 - - Total deposits 21,265,219 - 281,096 4- 233,791 Deferred availability cash items 3,212,550 4- 636,209 4- 127,263 Other liabilities and accrued dividends 17,730 4- 578 4- 4,277 TOTAL LIABILITIES 55,5337^00 4- 329,758 4- 1,552,190 C A P I T AL A C C O U N TS Capital paid in 243,034 4- 39 4- 13,755 Surplus (Section 7) 538,342 - - - 4- 28,320 Surplus (Section 13b) 27,543 — — — - - - Other capital accounts 152,911 4" 6,283 4- 7,179 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,795,430 + 336,080 4- 1,601,444 Ratio of gold certificate reserves to deposit and F. R note liabilities combined 48.5% .41o 2.1 io 4- 4- Contingent liability on acceptances purchased for foreign correspondents 8,io4 16 23,160 - - Industrial loan commitments 6,379 94 + 3,787 - *May 7 figures revised MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 14, 1952 (Callable~Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 629,1+57 876 16 to 9? days 41,163 870 416,856 91 days to 1 year 2,259 12,814,675 Over 1 year to 5 year6 1,205 5,941,3=2 Over 5 years 'to 10 years 1,013,614 Over 10 years 2,128,705 Digitized for FRATSoERt al "670,620™ 5,210 22,315,202 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 14, 1952 HA.1(b) (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 21,410,254 678,077 6,784,437 1239,240 1446,251 901,060 852,905 4384,619 566,566 380,824 844,150 633,334 2698,791 ^Redemption fund for 688,836 60,885 70,375 52,765 79,088 63,389 48,070 114,985 48,522 24,706 36,488 27,571 61,992 F. R. notes Tot r a es l e r g v o e l s d certificate 22,099,090 738,962 6,854,812 1292,005 1525,339 964,449 900,975 4499,604 615,088 405,530 880,638 660,905 2760,783 D O i t s h c e o r u n c t a s s h a nd advances 6 3 7 39 0 , ,6 1 2 0 0 1 2 12 3 , ,1 7 2 9 8 9 2 6 1 9 7 , , 4 9 1 4 7 7 2 6 2, , 3 5 1 3 5 4 2 5 5 1 , , 7 7 8 6 2 2 2 22 0 , , 0 2 7 0 6 6 1 3 0 2 , , 0 7 4 3 3 2 1 6 3 0 9 , , 5 2 6 0 2 9 2 1 4 6 , ,7 0 9 6 7 3 6 4 , , 5 6 1 7 2 6 6 1 2 1 , ,4 9 9 8 6 0 1 1 1 7 , , 3 9 1 3 0 8 3 1 8 0 , 0 8 , 4 59 4 3 Industrial loans 5,210 4,153 97 832 — 123 5 U. S. Govt, securities: 11,611,306 823,834 2,681,224 729,793 1159,088 784,785 672,051 1660,544 629,322 369,600 508,296 532,216 1060,553 Certificates N B o o t n e d s s 5 5 , . 5 1 6 3 8 5 , . 0 8 7 2 3 3 3 36 9 4 5 . ,0 3 6 9 0 2 1 1 > , 2 1 8 85 5 , , 9 7 3 5 9 2 3 3 4 2 9 2 , , 9 7 6 9 5 7 5 5 1 5 2 5 , , 6 8 7 2 8 7 3 3 7 4 6 7 , , 3 1 3 2 5 0 2 3 9 2 7 2 , , 2 2 5 7 6 4 7 7 3 9 4 6 , , 4 2 7 9 9 6 2 3 7 0 8 1 , , 3 7 5 8 6 4 1 1 7 6 7 3 , , 2 4 3 7 7 8 2 22 4 4 3 , , 8 7 2 4 6 8 2 2 5 3 5 5 , ,4 2 0 1 6 8 4 5 6 0 9 8 ,0 , 9 5 6 7 7 Total U. S. Government securities 22,315,202 1583,286 5,152,915 1402,555 2227,593 1508,240 1291,581 3191,319 1209,462 710,315 976,870 1022,840 2038,226 Total loans and securities ~~ 22,991,032 1596,085 5,370,862 1413,242 2279,355 1530,413 1302,45 63330,528 1233,525 715,114 1039,850 1040,783 2138,819 r gg£r" " -H # # '11 ll IIIIIIIIII TOTAL ASSETS 49,795,430 2706,375 13,097,127 2983,790 4235,747 2916,505 2549,087 8591,359 2062,317 1251,149 2149,686 1914,644 5337,644 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 FEDERAL RESERVE BANKS ON-Mr 14, 1952 a.4.1(c) (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 24,338,101 1497,052 5,382,158 1720,344 2238,822 1692,524 1327,552 4637,256 1122,382 623,046 960,649 682,971 2453,345 Federal Reserve notes Deposits: Member bank-reserve accts, 19,952,861 825,935 6,429,082 918,648 1496,163 828,345 883,964 3155,361 696,984 449,005 936,570 977,633 2355,171 32,836 55,886 U.S,Treasurer-general acct, 515,862 31,405 60,769 36,400 50,468 37,356 32,464 71,361 33,523 41,726 31,668 Foreign 539,480 33,158 1/166,176 41,714 49,202 27,275 22,996 74,337 20,322 13,905 20,322 20,322 49,751 Other 257,016 4,240 192,858 1,151 5.205 3,644 2,784 1.792 6,895 992 5,381 537 31,537 Total deposits 21,265,219 894,738 6,848,885 997,913 1601,038 896,620 942,208 3302,851 757,724 505,628 993,941 1031,328 2492,345 Deferred avail, cash items 3,212,550 252,278 585,002 190,866 304,675 274,998 234,760 515,176 142,002 95,661 155,862 160,761 300,509 Other liabilities and accrued dividends 17,730 1,204 5,119 976 1,740 947 866 2,516 790 522 735 713 1,602 TOTAL LIABILITIES 48,833,600 2645,272 12,821,164 2910,099 4146,275 2865,089 2505,386 8457,799 2022,898 1224,857 2111,187 1875,773 5247,801 Capital paid in 243,034 13,146 76,510 16,967 23,318 10,598 10,015 31,317 8,507 5,456 9,225 11,795 26,180 159,743 41,493 50,648 27,025 23,871 79,601 21,788 14,063 20,367 18,210 47,341 Surplus (Section 7) 538,342 34,192 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 152,911 10,754 32,391 10,742 14,500 10,444 9,053 21,213 8,603 5,700 7,770 7,559 14,182 TOTAL LIABILITIES AND 49,795,430 2706,375 13,0^7,127 2983,790 4235,747 2916,595 2549,067 8591,359 2062,317 1251,149 2149,686 1914,644 5337,644 CAPITAL ACCOUNTS Contingent liability on acceptances purchased In f d o u r s t f r o i r a ei l g n l o c a o n rr c e o s m p m o i n t d m e e n n t t s s 6 8 , ,1 3 0 7 4 9 502 2/2, — 44 1 7 , 7 6 9 3 9 2 746 915 348 2 1 , ,1 3 2 7 7 9 308 211 3 8 0 1 8 0 308 7 41 5 5 4 FEDERAL RESERVE AGENTS' ACCOUNTS 25,286,786 1544,166 5,643,205 1770,204 2318,195 1789,239 1379,968 4721,686 1166,827 635,110 992,229 719,035 2606,922 F* R. notes outstanding Collateral for F.R. notes: 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 Gold certificates Eligible paper ' 4 - 4 • 1,45 ' 6 1 - 2 ,7 — 3 7 / 2 " 1 4 ^ ,095 6,456 ™ 21 ,2245,00 25 « » 4,65 0 62 a ,743 K QS. 500 95,500 U. S. Govt, securities Total collateral 1/ After deducting $373,291,000 participations of other Federal Reserve Banks. 2/ After deducting $5,657,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis