H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) June 12, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 11, Member "bank reserves increased $72 million. The principal changes supplying reserves were an increase of $49 million in Reserve Bank credit and decreases of $20 million in Treasury deposits with Federal Reserve Banks and $12 million in Money in circulation. The principal offsetting change was an increase of $15 million in Foreign deposits with Federal Reserve Banks. The increase of $4-9 million in Reserve Bank credit resulted from increases of $114 million in U. S, Government securities and $28 million in Float, and a decrease of $91 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected increases of $73 million in bills and $4l million in certificates. Change since Member Bank Reserves June 11, June 4, June 13, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S» Government securities 22,492 +ll4 266 Loans, discounts and advances 839 - 91 + 655 Float 798 + 28 42 Total 24,128 + 49 + 345 Gold stock 23,297 + 1 +1,541 Treasury currency outstanding 4,750 + 3 + 103 Money in circulation 28,830 - 12 +1,331 Treasury cash holdings 1,284 + 2 5 Treasury deposits with F. R. Banks 507 - 20 + 378 Foreign deposits with F. R. Banks 623 + 15 - 290 Other deposits with F. R. Banks 211 - 5 + 29 Other F. R, accounts (net) 742 + 56 -- Member bank reserves 19,978 + 72 + 491 Required reserves (estimated) 19,lf6.9slU> 6 + 759 Excess reserves (estimated) + 78 - 268 Daily average excess reserves (estimated) 704 + 97 - 224 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Ht4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since June 11, June 4, June 13, 1952 1952 1951 A S S E TS Gold certificates 21,419,252 7,002 + 1,535,350 Redemption fund for F. R. notes + 42,194 Total gold certificate reserves 22,099,047 2,764 + 1,577,544 - Other cash 313,098 + 4,194 + 12,876 Discounts and advances 833,611 92,225 + 654,822 Industrial loans 5,037 + 389 451 U. S. Government securities: Bills 247,700 + 73,200 - 171,920 Certificates 11,540,306 4- 40,500 +11,540,306 Notes 5,568,073 — — - - 9,834,275 Bonds 5,135,823 - 1,800,386 Total U. S. Government securities 22,491,902 113,700 Total loans and securities 23,330,550 + 21,864 + 388,096 Due from foreign banks 28 10 F. R. notes of other banks 142,604 + 5^86 + 14,713 Uncollected cash items 3,543,039 + 25,840 - 126,333 Bank premises 44,936 + 111 + 3,434 Other assets 220,240 8,384 4,980 TOTAL ASSETS 49,693,542 + 63,095 + 1,865,340 L I A B I L I T I ES Federal Reserve notes 24,621,803 6,241 1,286,729 - + Deposits: Member bank--reserve accounts 19,978,264 72,153 + 491,047 + U. S. Treasurer—general account 506,803 - 20,326 + 378,120 Foreign 623,114 + 15,532 - 290,321 Other 210,755 - 4,963 + 28,273 Total deposits 21,318,936 62,396 607,119 + + Deferred availability cash items 2,745,224 - 1,582 - 83,860 Other liabilities and accrued dividends 19,854 1,863 2,271 + . + TOTAL LIABILITIES 58,705,817 56,436 1,812,259 + + C A P I T AL A C C O U N TS Capital paid in 244,129 272 13,665 + + Surplus (Section 7) 538,342 — — — -f 28,320 Surplus (Section 13b) 27,543 — — Other capital accounts 177,711 6,387 11,096 + + TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,693,542 63,095 + + Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 48.1$ - .1% + 1.5* Contingent liability on acceptances purchased for foreign correspondents 8,134 84 20,900 + Industrial loan commitments 6,143 - 447 + 2,531 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 11, 1952 - (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 804,845 856 219,200 16 to 90 days 28,747 796 553,556 91 days to 1 year 19 2,163 12,635,475 Over 1 year to 5 years 1,222 5,941,352 Over 5 years to 10 years 1,013,614 Over 10 years 2,128,705 Digitized for FRTAoStEaRl 833,611 5,037 22,491,902 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 11, 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 SanFran. Gold certificates 21,419,252 710,557 6,540,405 1235,162 1462,204 938,051 849,202 4430,869 586,329 397,396 836,593 665,525 2766,959 Redemption fund for F. R. notes 679,795 60,390 73,441 53,765 78,501 63,308 47,672 104,274 48,354 24,6l8 36,365 27,438 61,669 Total gold certificate reserves 22,099,047 770,947 6,613,846 1288,927 1540,705 1001,359 896,874 4535,143 634,683 422,014 872,958 692,963 2828,628 Other cash 313,098 22,077 49,972 26,672 25,612 18,822 32,721 59,781 15,381 6,208 11,069 9,911 34,872 Discounts and advances 833,611 13,165 346,115 15,825 74,900 21,635 23,590 123,500 20,735 6,950 77,896 4,500 104,800 Industrial loans 5,037 4,000 99 813 121 4 U. S. Govt, securities: Bills 247,700 5,818 184,635 5,154 8,186 5,542 4,746 11,727 4,444 2,610 3,590 3,758 7,490 Certificates 11,540,306 815,001 2,705,975 721,968 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 22,491,902 1580,271 5,362,301 1399,884 2223,350 1505,367 1289,122 3185,241 1207,158 708,962 975,010 1020,892 2034,344 Total loans and securities" 23,330,550 1593,436 5,708,4l6 1419,709 2298,250 1527,101 1313,525 3308,741 1227,893 716,033 1052,906 1025,396 2139,144 Due from foreign banks 28 2 1 /8 2 3 1 1 4 1 1 1 1 3 F.R.notes of other banks 142,604 2,566 17,749 4,829 7,858 32,117 16,785 16,851 7,491 3,923 5,814 7,215 19,4o6 Uncollected cash items 3,543,039 292,226 609,6ll 219,075 311,626 294,257 249,571 620,149 162,969 98,110 197,508 159,730 328,207 Bank premises 44,936 994 7,679 2,826 4,759 4,588 3,515 6,527 3,168 1,070 2,378 643 6,789 ether assets 220,240 17,247 50,135 13,741 21,924 14,928 12,956 31,130 11,588 6,860 9,824 10,034 19,873 TOTAL ASSETS 49,693,542 2699,495 13,057,416 2975,781 4210,737 2893,173 2525,948 8578,326 2063,174 1254,219 2152,458 1905,893 5376,922 l/ After deducting $20,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

K.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 11, 1952 (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 24,621,803 1511,269 5,491,320 1737,418 2252,491 1702,160 1339,967 4673,390 1127,651 627,054 970,513 698,135 2490,435 [Deposits: Member bank-reserve accts. 19,978,264 837,933 6,369,041 902,810 1523,709 838,027 881,646 3178,128 705,276 470,827 917,733 977,205 2375,929 U.S.Treasurer-general acct 506,803 37,927 90,822 33,063 39,036 29,855 25,887 59,950 27,325 28,940 47,945 28,272 57,781 Foreign 623,114 38,198 1/193,061 48,056 56,681 31,421 26,492 85,638 23,412 16,019 23,412 23,412 57,312 Other 210,755 3,826 142,198 3,179 6,774 5,562 3,125 1.645 10,001 806 650 2,201 30,788 Total deposits 21,318,936 917,884 6,795,122 987,108 1626,200 904,865 937,150 3325,361 766,014 516,592 989,740 1031,090 2521,810 ^Deferred avail, cash items 2,745,224 206,185 482,781 174,910 237,685 232,045 202,787 439,567 127,961 82,933 151,824 135,808 270,738 pther liabilities and accrued dividends 19,854 1,312 6,015 1.123 2,098 987 917 2,875 025 570 769 820 1,543 TOTAL LIABILITIES 48,705,817 2636,650 12,775,238 2900,559 4118,474 2840,057 2480,821 8441,193 2022,451 1227,149 2112,846 1865,853 5284,526 Capital paid in 244,129 13,154 76,822 16,980 23,577 10,662 10,026 31,468 8,509 5,459 9,234 11,846 26,392 jSurplus (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 177,711 12,488 38,294 12,260 17,032 12,080 10,468 24.635 9,905 6.475 8,874 8,677 16,523 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,693,542 2699,495 13,057,416 2975,781 4210,737 2893,173 2525,948 8578,326 2063,174 1254,219 2152,458 1905,893 5376,922 Contingent liability on acceptances purchased for foreign correspondents 8,134 504 2/2,454 635 749 415 350 1,131 309 212 309 309 757 Industrial loan commitments 6,143 1,593 915 61 2,367 805 402 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,534,198 1552,935 5,752,952 1778,288 2317,108 1795,463 1392,969 4764,962 1171,392 639,012 1000,224 730,552 2638,341 Collateral for F.R. notes: Gold certificates 13,149,000 400,000 4,470,000 750,000 810,000 580,000 485,000 2900,000 270,000 165,000 280,000 239,000 1800,000 Eligible paper 604,587 13,165 344,830 15,825 20;485 20,735 6,950 77,797 --- io4,800 U. S. Govt, securities 13,275,000 1300,000 1.400.000 1100,000 1575,000 1300,000 950,000 1900,000 950,000 505,000 750,000 545,000 1000,000 Total collateral 27,028,587 1713,165 6,214,830 1865,825 2385,000 1900,485 1435,000 4800,000 1240,735 676,950 1107,797 784,000 2904,800 1/ After deducting $430,038,000 participations of other Federal Reserve Banks, 2/ After deducting $5,680,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis