H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) May 22, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended May 21, Member bank reserves increased $174 million. The principal changes supplying reserves were an increase of $30 million in Reserve Bank credit and decreases of $132 million in Treasury deposits with Federal Reserve Banks, $16 million in Other deposits with Federal Reserve Banks, $14 million in Money in circulation, and $14 million in Treasury cash holdings, which were partially offset by an increase of $33 million in Foreign deposits with Federal Reserve Banks. The increase of $30 million in Reserve Bank credit resulted from an increase of $235 million in Float and decreases of $172 million in Loans, discounts and advances and $32 million in U. S. Government securities. Holdings of U. S. Government securities reflected a decrease of $82 million in certificates and an increase of $50 million in bills. Change since Member Bank Reserves May 21, May 14, May 23, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,283 - 32 - 130 Loans, discounts and advances 504 -172 + 273 Float 1,008 +235 + 241 Total 23,794 + 30 + 383 Gold stock 23,298 + 1 +1,543 Treasury currency outstanding 4,739 - - + 97 Money in circulation 28,483 - 14 +1,232 Treasury cash holdings 1,279 - 14 11 Treasury deposits with F. R. Banks 384 -132 - 381 Foreign deposits with F. R. Banks 572 + 33 - 312 Other deposits with F. R. Banks 241 - 16 - 76 Other F. R. accounts (net) 745 + 49 " Member bank reserves 20,127 +174 +1,521 Required reserves (estimated) 19,l8&/1 + 98 + 871 Excess reserves (estimated) 94t-U + 76 + 650 Daily average excess reserves (estimated) 683 - 18 + 33 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since May 21, May 14, May 23, 1952 1952 1951 A S S E TS : Gold certificates 21,418,250 7, 996 Redemption fund for F. R. notes 688*411 42% Total gold certificate reserves 22,106,661 7,571 + 1,595,906 8,870 Other cash 337,453 1,648 Discounts and advances 498,606 172,014 + 272,978 66 + 287 Industrial loans 5,276 U. S. Government securities: Bills 50,000 50,000 - 759,324 Certificates 11,528,806 82,500 +11,528,806 Notes 5,568,073 —— 9,323,o6o Bonds 5,135,823 - 1,577,206 Total U. S. Government securities 22.282,702 32,500 - 130,704 Total loans and securities 22,786,584 - 204,448 + 142,481 28 10 Due from foreign "banks F. R. notes of other banks 155,227 + 9,155 + 31,036 Uncollected cash items 3,958,153 - 27,799 + 624,232 + 3,696 Bank premises 44,832 + 3 Other assets 195,835 ± _ § 4 22 617 TOTAL ASSETS 49,504,773 - 210,657 + 2,405,594 L I A B I L I T I ES Federal Reserve notes 24,324,333 13,768 + 1,217,285 Deposits: Member bank--reserve accounts 20,126,522 173,661 + 1 520,738 U. S. Treasurer—general account 384,313 131,549 380,778 311,666 Foreign 572,24? 32,767 Other 241,181 15,835 75,617 Total deposits 21,324,263 59,044 + 752,677 Deferred availability cash items 2,950,478 262,072 + 383,882 Other liabilities and accrued dividends 17,540 1ly9u0 + +1 ,718 TOTAL LIABILITIES 48,616,614 216,986 + 2,355,552 C A P I T AL A C C O U N TS + 338 + 13,882 Capital paid in 243,372 + 28,320 Surplus (Section 7) 538,342 Surplus (Section 13b) 27,543 Other capital accounts 158,902 + 5,991 + 7,830 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,584,773 - 210,657 + 2,405,594 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 48.4#, .1 $> 1,4% Contingent liability on acceptances purchased for foreign correspondents 8,091 13 23,329 Industrial loan commitments 6,206 173 3,506 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 21, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 449,628 1,008 l6 to 90 days 48,978 643 466,856 91 days to 1 year 2,351 12,732,175 Over 1 year to 5 years 1,274 5,941,352 Over 5 years to 10 years 1,013,614 Over 10 years 2,128,705 Total 498,606 "5727T 22,202,702 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 21, 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 21,418,250 632,236 7,045,48? 1192,199 1417,558 877,495 839,598 4455,25.1 557,675 361,760 827,025 645,974 2565,992 RFdeR?tmtesUna ^ 688,411 60,794 69,864 52,586 78,969 64,26? 47,981 114,851 48,485 24,692 36,458 27,543 61,921 "reserves certlfl°ate 2,106,66l 693,030 7,115,351 1244,785 1496,527 941,762 887,579 4570,102 606,160 386,452 863,483 673,517 2627,913 2 Other cash 337,453 23,740 67,229 21,122 28,159 20,896 32,050 60,168 16,781 5,705 11,644 11,299 38,660 Discounts and advances 498,606 2,498 83,402 7,4l8 25,692 34,436 20,043 53,509 8,336 10,076 73,065 11,138 168,993 Industrial loans 5,276 --- 4,243 - 103 802 123 5 U. S. Govt, securities: ,— ili ills mi -,379 f2,M894 l 7,f15i0ll 2,710 1,591 2i,1i§'9fl 2,l2l9l2li 4,567 Bills Certificates 11, ;; iSSdi 5[135!823 364*392 l! 1851939 322^797 512^678 §47^20 297>256 734>79 278',356 163^78 224,826 235,406 469: ( TOs|curitiesGOVerDment 22,282,702 1580,980 5,145,410 1400,512 2224,348 1506,043 1289,701 3186,672 1207,700 709,281 975,448 1021,350 2035,257 T9securitie and 22,786,584 1583,478 5,228,812 1412,173 2250,040 1540,582 1310,546 3240,181 1216,036 719,480 1048,513 1032,493 2204,250 s Due from foreign banks 28 2 l/ 8 2 3 1 1 ^ 1 1 } . 1 ^ r F.R.notes of other banks 155,227 3,586 20,261 8,316 7,123 36,044 19,006 15,312 ,®>795 5,433 ^,154 , Uncollected cash items 3,958,153 385,770 785,235 242,349 351,510 301,112 246,228 645,215 166,828 95,446 206,752 169,883 361,825 Bank premises 44,832 999 7,695 2,832 4,769 4,4?6 3,427 6,520 3,189 1>°72 2,394 647 Other assets 195,835 15.344 44,281 12,153 19,576 13,322 11,549 27,550 10,346 6,063 8,710 9,083 17,858 TOTAL ASSETS 49,584,773 2705,949 13,268,872 2943,732 4157,707 2858,195 2510,386 8565,052 2028,136 1219,652 2147,651 1903,063 5276,378 1/ 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 FEDERA LRESERVE BANKS OK MAY 21, 1952 H.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 Federal Reserve notes 24,324,333 1496,479 5,393,475 1719,641 2239,653 1684,329 1321,098 4643,633 1119,271 624,091 957,174 681,235 2444,254 Deposits: Member bank-reserve accts. 20,126,522 853,051 6,613,355 887,672 1486,357 815,702 889,578 3199,321 685,172 444,543 928,510 984,935 2338,326 U.S.Treasurer-general acct. 384,313 27,282 38,077 26,522 25,439 23,961 21,012 58,199 31,565 27,872 39,049 29,352 35,983 Foreign 572,247 35,414 1/173,534 44,554 52,550 29,131 24,562 79,397 21,706 14,851 21,706 21,706 53,136 Other 24l,l8l 3,863 181,971 2,161 4,357 1,836 2,156 1,519 7,027 1,316 2,738 472 31,765 Total deposits 21,324,263 919,610 7,006,937 960,909 1568,703 870,630 937,308 3338,436 7^5,470 488,582 992,003 1036,465 2459,210 Deferred avail, cash items 2,950,478 227,137 586,094 188,141 257,339 250,489 207,063 446,050 122,899 79,963 159,011 145,368 280,924 Other liabilities and accrued dividends 17,540 1,273 4,749 967 1,923 915 872 2,502 747 527 691 824 1,550 TOTAL LIABILITIES 48,6l6,6l4 2644,499 12,991,255 2869,658 4067,618 2806,363 2466,341 8430,621 1988,387 1193,163 2108,879 1863,892 5185,938 Capital paid in 243,372 13,146 76,800 16,968 23,304 10,612 10,017 31,331 8,508 5,457 9,227 11,818 26,184 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 158,902 11,101 33,755 11,124 15,131 10,846 9,395 22,070 8,932 5,896 8,o4l 7,836 14,775 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,584,773 2705,949 13,268,872 2943,732 4157,707 2858,195 2510,386 8565,052 2028,136 1219,652 2147,651 1903,063 5276,378 Contingent liability on acceptances purchased for foreign correspondents 8,091 502 2/2,442 631 744 413 348 1,125 308 210 308 308 752 Industrial loan commitments 6,206 1,633 915 61 2,379 810 4o8 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,271,117 1544,854 5,641,424 1772,416 2314,051 1782,794 1380,998 4721,215 1158,555 635,439 988,639 717,235 2613,497 Collateral for F.R. notes: Gold certificates 12,999,000 400,000 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 J3 7( 7I, , 6 u 0 vi7 y 2,4 ^3 6JV f ^-,77 34 f, V370 7,340 33,38 8,298 10,050 72,828 —- 168,900 I y J~r^j ^ ^ * ' . "' 0. 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 5^5,000 1000,000 Total collateral 26,651,607 1702,436 5,844,370 1857,340' 2385,000 1913,385~l435,000 4770,000 1228,298 680,050 1102,828 764,000 2968,900 1/ After deducting $398,697,000 participations of other Federa lReserve Banks. 2/ After deducting $5,649,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis