H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OP TIE FEDERAL RESERVE SYSTEM E.4.1 (For Immediate Release) June 5, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 4, Member bank reserves increased $239 million. The principal changes supplying reserves were an increase of $337 million in Reserve Bank credit and a decrease of $31 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $132 million in Money in circulation and $11 million in Foreign deposits with Federal Reserve Banks* The increase of $337 million in Reserve Bank credit resulted from increases of $122 million in Float, $109 million in Loans, discounts and advances, and $105 million in U. S. Government securities. Holdings of U. S. Government securities reflected increases of $92 million in bills and $13 million in certificates. Change sinee Member Bank Reserves June 4, May 28, June 6, and Related Items 1952 1952 1951 ) (In millions of dollars Reserve Bank credit: U. S. Government securities 22,378 +105 - 275 Loans, discounts and advances 930 +109 + 796 Float 770 +122 + 11 Total 24,079 +337 + 533 Gold stock 23,296 +1. ,540 — — Treasury currency outstanding 4,747 + 6 + 103 Money in circulation 28,842 Cvj -fl,3 22 Treasury cash holdings 1,282 - 4 - 21 Treasury deposits with F. R, Banks 527 - 31 + 388 Foreign deposits with F. R. Banks 608 + 11 292 - Other deposits with F. R. Banks 216 —• mm + l4 Other F, R. accounts (net) 742 - 3 + 58 Member bank reserves 19,906 +239 + 708 201 Required reserves (estimated) 19,±8&- - 46 + 847 Excess reserves (estimated) +285 - 139 Daily average excess reserves (estimated) 607 +113 217 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 June 4, May 28, June 6, 1952 1952 1951 A S S E TS Gold certificates 21,426,254 - -**• + 1,543,351 Redemption fund for F. R. notes 675,577 1,558 + 49,329 - Total gold certificate reserves 22,101,831 i,558 + 1,592,680 - Other cash 308,904 5,261 + 17,894 - Discounts and advances 925,836 + 109,530 + 797,461 Industrial loans 4,648 421 502 • - U. S. Government securities: Bills 174,500 + 92,500 - 331,420 Certificates 11,499,806 4- 13,000 +11,499,806 Notes 5,568,073 — — — - 9,709,877 Bonds 5,135,823 - - - - 1,733,764 Total U. S. Government securities 22,378,202 4- 105,500 - 275,255 Total loans and securities 23,308,686 4- 214,609 + 521,704 Due from foreign banks 28 — - - - 10 F. R. notes of other banks 137,118 l,8ll + 25,335 - Uncollected cash items 3,517,199 + 224,617 + 385,857 Bank premises 44,825 4- 85 + 3,521 Other assets 211,856 + 8,175 - 6,696 TOTAL ASSETS 49,630,447 4- 438,856 + 2,540,285 L I A B I L I T I ES Federal Reserve notes 24,628,044 4- 112,260 + 1,292,894 Deposits: Member bank—reserve accounts 19,906,111 + 223388,,995566 + 770077,,776600 U. S. Treasurer--general account 527,129 31,001 + 387,897 - Foreign 607,582 + 10,550 291,962 - Other 215,718 139 + 13,928 - Total deposits 21,256,540 + 218,366 + 817,623 Deferred availability cash items 2,746,806 4- 102,580 + 374,897 Other liabilities and accrued dividends 17,991 - 978 + 1,865 TOTAL LIABILITIES 48,649,381 + 432,228 + 2,487,279 C A P I T AL A C C O U N TS Capital paid in 243,857 4- 316 + 14,816 Surplus (Section 7) 538,342 - - - 4- 28,320 Surplus (Section 13b) 27,543 --- - - - Other capital accounts 171,324 4- 6,312 + 9,870 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,630,447 4- 438,856 4- 2,540,285 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 48.2$ - .. 33$$ 4- 1.3* Contingent liability on acceptances purchased for foreign correspondents 8,050 + 5 20,791 - Industrial loan commitments 6,590 + 440 4- 2,960 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 4, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 876,025 886 105,500 16 to 90 days 49,811 8ll 553,556 91 days to 1 year 2,015 12,635,475 Over 1 year to 5 years — 936 5,941,352 Over 5 years to 10 years — 1,013,614 Over 10 years — — 2,128,705 Digitized for FRATSoEtRa l 925,836 4,648 22,378,202 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 4, 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 San Fran. Gold certificates 21,426,25% 725,693 6,650,719 1237,254 1419,811 938,707 879,864 4410,809 600,236 ,411,221 811,332 651,693 2688,915 Redemption fund for F. R. notes 675,577 60,498 69,072 53,955 78,617 62,705 47,751 104,394 48,379 24,630 36,389 27,464 61,723 Total gold certificate reserves 22,101,831 786,191 6,719,791 1291,209 1498,428 1001,412 927,615 4515,203 648,615 435,851 847,721 679,157 2750,638 Other cash 308,904 22,953 50,024 21,240 28,537 19,687 31,850 59,857 15,253 5,511 10,570 9,716 33,706 Discounts and advances 925,836 15,806 491,755 8,710 94,400 21,460 19,600 134,885 18,343 6,100 73,477 7,000 34,300 Industrial loans 4,648 -- — 3,577 102 843 — — 122 4 — — U. S. Govt, securities: Bills 174,500 5,818 111,435 5,154 8,186 5,542 4,746 11,727 4,444 2,610 3,590 3,758 7,490 Certificates 11,499,806 815,001 2,665,475 721,968 1146,659 776,370 664,846 1642,739 622,574 365,637 502,846 526,510 1049,181 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 1,185,939 322,797 512,678 347,120 297,256 734,479 278,356 163,478 224,826 235,406 469,096 Total U. S. Government securities 22,378,202 1580,271 5,248,601 1399,884 2;2 23,350 1505,367 1289,122 3185,241 1207,158 708,962 975,010 1020,892 2;0 34,344 Total loans and securities 23,308,686 1.5 96,077 5,740,356 1412,171 2317,750 1526,929 1309,565 3320,126 1225,501 715,184 1048,487 1027,896 2;0 68,644 Due from foreign banks 28 2 1/ 8 2 3 1 1 4 1 1 1 1 3 F.R.notes of other banks 137,118 2,596 167985 6,115 6,959 30,968 17,191 15,629 6,385 4,108 5,391 7,156 17,635 Uncollected cash items 3,517,199 300,787 657,371 242,402 325,994 274,342 232,693 588,061 146,093 96,884 183,048 156,639 312,885 Bank premises 44,825 99 4 7,675 2,826 4,759 4,571 3,425 6,527 3,168 1,070 2,378 643 6,789 Other assets 211,856 16,628 47,813 13,228 21,423 14,389 12,478 29,852 11,198 6,592 9,415 9,682 19,158 TOTAL ASSETS 49,630,447 2726,228 13,240,023 2989,193 4203,853 2:8 72,299 2534,818 8.5 35,259 2056,214 1265,201 2107,011 1890,890 5:2 09,458 1/ After deducting $20,000 p;a rticipations of o't her Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 4, 1952 (in thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St. Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,628,044 1512,545 5,500,740 1729,714 2250,443 1704,718 1340,763 4669,909 1129,077 625,915 970,344 701,112 2492,764 Deposits: Member bank-reserve accts. 19,906,111 841,105 6,567,127 915,486 1497,169 805,903 867,885 3182,459 706,873 463,800 890,828 952,284 2215,192 U.S.Treasurer-general acct. 527,129 27,966 61,067 38,049 54,173 35,828 48,078 59,973 31,065 50,486 38,890 24,335 57,219 Foreign 607,582 37,101 1/189,885 46,675 55,053 30,518 25,731 83,178 22,739 15,558 22,739 22,739 55,666 Other 215,718 3,918 156,135 1,855 4,218 3,017 3,093 l,44o 7,972 819 1,242 545 31,464 Total deposits 21,256,540 910,090 6,974,214 1002,065 1610,613 875,266 944,787 3327,050 768,649 530,663 953,699 999,903 2359,541 Deferred avail, cash items 2,746,806 240,108 479,292 181,544 248,975 238,722 203,639 399,464 117,358 81,244 143,013 149,383 264,064 Other liabilities and accrued dividends 17,991 1,205 5,084 1,027 2,198 933 847 2,576 777 516 639 733 1,456 TOTAL LIABILITIES 48,649,381 2663,948 12,959,330 2914,350 4112,229 2819,639 2490,036 8398,999 2015,861 1238,338 2067,695 1851,131 5117,825 Capital paid in 243,857 13,147 76,820 16,980 23,574 10,617 10,017 31,457 8,508 5,459 9,229 11,837 26,212 Surplus (Section 7) 538,342 34,192 159,743 41,493 50,648 27,025 23,871 79,601 21,788 I4,c63 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 171,324 11,930 36,811 11,881 16,396 11,669 10,132 23,773 9,536 6,268 8,583 8,405 15,940 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,630,447 2726,228 13,240,023 2989,193 4203,853 2872,299 2534,818 8535,259 2056,214 1265,201 2107,011 1890,890 5209,458 Contingent liability on acceptances purchased for foreign correspondents 8,050 499 2/2,431 628 741 410 346 1,119 306 209 306 306 749 Industrial loan commitments 6,590 2,030 915 61 2,371 805 4o8 FEDERAL RESERVE AGENTS' ACCOUNTS F. R-. note soutstanding 25,441,329 1556,761 5,691,864 1786,490 2309,172 1794,667 1388,120 4761,598 1167,938 637,644 995,416 727,413 2624,246 Collateral for F.R. notes: Gold certificates 13,129,000 400,000 4,470,000 750,000 810,000 580,000 485,000 2900,000 270,000 165,000 280,000 219,000 1800,000 Eligible paper 666,752 15,806 489,805 8,710 — 20,310 --- --- 18,343 6,100 73,378 34,300 U. S. Govt, securities 13,275,000 1300,000 :l,4oo,ooo 1100,000 1575,000 1300,000 950,000 1900,000 950,000 505,000 750,000 545,000 1000,000 Total collateral 27,070,752 1715,806 6,359,805 1858,710 2385,000 1900,310 1435,000 4800,000 1238,343 676,100 1103,378 764,000 2834,300 l/ After deducting $417,683,000 participations of other Federal Reserve Banks. 2/ After deducting $5,619,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis