H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF TEE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) May 29, 1952 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended May 28, Member bank reserves decreased $460 million. The principal changes reducing reserves were increases of $227 million in Money in circulation, $1?4 million in Treasury deposits with Federal Reserve Banks, and $25 million in Foreign deposits with Federal Reserve Banks, and a decrease of $52 million in Reserve Bank credit. The principal offsetting change was a decrease of $25 millio nin Other deposit swith Federal Reserve Banks. The decrease of $52 millio nin Reserv eBank credit resulted from decreases of $360 million in Float and $10 million in U. S. Government securities, and an increase of $317 millio nin Loans, discounts and advances. Holdings of U. S. Government securities reflected a decrease of $42 million in certificates and an increase of $32 million in bills. Change since Member Bank Reserves May 28, May 21, May 30, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,273 - 10 20 Loans, discounts and advances 821 +317 + 276 Float 648 -360 + 89 Total 23,742 - 52 + 346 Gold stock 23,296 - 2 +1,541 Treasury currency outstanding 4,741 + 2 + 99 Money in circulation 28,710 +227 +1,249 Treasury cash holdings 1,286 + 7 8 Treasury deposits with F. R. Banks 558 +174 - 62 Foreign deposits with F. R. Banks 597 + 25 - 298 Other deposits with F. R. Banks 216 - 25 - 106 Other F. R. account s(net) 745 + 52 - - Member bank reserves 19,667 -46o +1,159 Required reserves (estimated) 19,288-fl + 42 +1,026 Excess reserves (estimated) 439-50 -502 + 133 Daily average excess reserves (estimated) + 61 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT Of CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since May 28, " May 21, May 30, 1952 1952 1951 A S S E TS Gold certificates 21,426,254 + , 8,004 + 1,546,352 Redemption fund for F. R,. notes 677,135 11,276 + 49,371 reserves 22,103,309 3,272 + 1,595,723 Other cash 314,165 - 23,288 + 6,933 Discounts and advances 816,306 + 317,700 + 276,588 Industrial loans 5,069 207 101 U. S. Government securities: Bills 82,000 + 32,000 - 612,824 Certificates 11,486,806 42,000 +11,486,806 Notes 5,568,073 - 9,310,560 Bonds 5,135,823 Total U. S. Government securities 22,272,702 10,000 Total loans and securities 23,094,077 + 307,493 + 256,653 Due from foreign banks 28 10 F. R. notes of other banks 138,929 - 16,298 + 17,987 Uncollected cash items 3,292,582 - 665,571 + 324,688 Bank premises 44,740 92 + 3,670 Other assets 203,681 + 7,846 711 TOTAL ASSETS 49,191,591 - 393,102 + 2,204,933 L I A B I L I T I ES Federal Reserve notes 24,515,784 + 191,451 + 1,221,901 Deposits: Member bank--reserve accounts 19,667,155 - 459,367 + 1,158,704 U. S. Treasurer--general account 558,130 + 173,817 61,602 Foreign 597,032 + 24,785 - 297,569 Other 215,857 - 25,324 - 106,013 Total deposits 21,030,174 - 286,009 + 693,520 Deferred availability cash items 2,644,226 - 306,252 + 234,838 Other liabilities and accrued dividends 18,969 + L.429. + 2,393 TOTAL LIABILITIES 48,217,153 - 399,551 + 2,152/552 C A P I T AL A C C O U N TS Capital paid in 243,541 169 + 14,562 Surplus (Section 7) 538,342 + 28,320 Surplus (Section ljb) 27,543 Other capital accounts 165,012 + 6,110 9,399 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,191,591 - 393,102 + 2,204,933 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 48.5% - 1.5* Contingent liability on acceptances purchased for foreign correspondents 8,045 46 22,744 Industrial loan commitments 6,150 56 2,478 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 28, 1952 (Callable Government securities classified according to nearest cal ldate) Discounts and Industrial U. S. Government advances loans securities Within 15 days 763,058 847 16 to 90 day s53,248 649 498,856 91 days to 1 yea r— 2,301 12,690,175 Over 1 year to 5 years -— 1,272 5,941,352 Over 5 years to 10 year s--- --- 1,013#6l4 Over 10 years — — 2,128,705 Total 016,306 5,069 22,272,702 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 28, 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. Kans.Cy, Dallas SanFran. Gold certificates 21,426,254 670,496 6,909,635 1247,737 1421,049 888,608 829,327 4480,015 571,073 372,809 827,240 631,469 2576,796 Redemption^fund f 677,135 60,593 69,360 54,140 78,746 63,203 47,828 104,512 48,413 24,653 36,411 27,496 61,780 reserves 22,103,389 731,089 6,978,995 1301,877 1499,795 Other cash 314,165 22,537 56,438 19,491 24,137 19,682 34,090 59,282 15,568 6,346 11,215 10,644 34,735 Discounts and advances 816,306 34,658 305,622 15,248 89,192 32,076 35,743 53,024 19,541 11,066 78,905 11,538 129,693 Industrial loans 5,069 — 4,043 97 802 - - - -— 123 - 4 —•— U. S. Govt, securities Bills 82,000 5,818 18,935 5,154 88,,118866 5,542 4,746 11,727 4,444 2,610 3,590 3,758 7,490 Certificates 11,486,806 815,001 2,652,475 721,968 1146,659 Notes 5,568,073 395,060 1,285,752 349,965 555,827 Bonds 5,135,823 364,392 1,185,939 322,797 512,678 ^°^curitiea^~~~~~~~~ 22,272,702 1580,271 5,143,101 1399,881. 2223,350 1505,367 1289,122 3185,241 1207,158 708,962 975,010 1020,892 2034,344 T° ^ m e sa nd . 23,094,077 1614,929 5,448,723 1419,175 2312,542 1537,540 1325,667 3238,265 1226,699 720,151 1053,915 1032,434 2164,037 sgasjf 4 i§ 4 ;J* jjg # # jj g 4 4 4 TOTAL ASSETS 49,191,591 2663,865 13,174,560 2967,688 4176,067 2802,188 2463,608 8478,581 2026,253 1224,736 2120,589 1869,560 5203,896 l/ After deducting $20,000 participations Of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMEM' t)j? 'UUtitiiTlON OP THE FEDERAL" RESERVE BANKS OH MAY 2b, 195^ 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 24,515,784 1509,535 5,456,588 1733,434 2247,650 1697,180 1331,245'4665,202 1125,662 623,412 963,046 687,191 2475,639 Deposits: Member bank-reserve accts. 19,667,155 798,812 6,501,072 918,111 1480,129 783,057 868,892 3111,705 683,041 446,566 905,533 956,259 2213,978 U.S.Treasurer-general acct. 558,130 38,355 106,432 31,466 45,555 4o,148 32,364 55,962 32,682 34,352 49,700 34,077 57,037 Foreign 5 97,032 36,592 1/185,057 46,036 54,298 30,100 • 25,379 82,038 22,428 15,345 22,428 22,428 54,903 Other 215,857 4,674 160,928 1,206 3,^02 1,709 2,359 1,635 7,801 1,028 1,333 4l6 29,366 Total deposits 21,038,174 878,433 6,953,489 996,819 1583,384 855,014 928,994 3251,340 745,952 497,291 978,994 1013,180 2355,284 Deferred avail, cash items 2,644,226 212,810 480,193 161,918 252,186 196,753 178,016 424,027 113,768 76,733 138,746 128,833 280,243 Other liabilities and accrued dividends 18,969 1,150 5.302 1.054 2,091 992 965 2,644 795 611 758 899 1,708 TOTAL LIABILITIES 48,217,153 2601,928 12,895,572 2893,225 4085,311 2749,939 2439,220 8343,213 1986,177 1198,047 2081,544 1830,103 5112,874 Capital paid in 243,541 13,146 76,815 16,978 23,343 10,617 10,017 31,421 8,508 5,458 9,228 11,829 26,181 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,l40 Other capital accounts 165,012 .11,588 35.111 11,503 15,759 11,258 9,738 22,917 9,259 6,095 8,313 8,111 15,360 TOTAL LIABILITIES AND 49,191,591 2663,865 13,174,560 2967,688 4176,067 2802,188 2483,608 8478,581 2026,253 1224,736 2120,589 1869,560 5203,896 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 8,045 499 2/2,429 628 740 410 346 1,118 306 209 306 306 748 Industrial loan commitments 6,150 1,584 915 61 2,372 810 408 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,383,960 1540,873 5,686,020 1778,679 2316,817 1785,240 1383,658 4755,639 1167,193 635,515 994,231 724,735 2615,360 Collateral for F.R. notes: Gold certificates 13,099,000 400,000 4,470,000 750,000 810,000 580,000 485,000 2870,000 270,000 165,000 280,000 219,000 1800,000 19,503 11,040 78,768 — 129,600 Eligible paper 596,322 34,596 277,820 15,170 —- 29,825 950,000 505,000 750,000 545.000 1000,000 U. S. Govt, securities % %% %% JM sCoto lianas w as tsass. Total collateral 1/ After deducting $411,960,000 participations of other Federal Reserve Banks. 2/ After deducting $5,6l6,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis