H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) June 19, 1952 CONDITION OF THE FEDERA LRESERVE BAMS Member Bank Reserves and Related Items During the week ended June 18, Member "ban kreserves increased $1,254 million. The principal changes supplying reserves were an increase of $700 million in Reserve Bank credit and decreases of $498 million in Treasurydeposits with Federal Reserve Banks, $43 million in Money in circulation, $43 million in Other deposits with Federal Reserve Banks, and $23 million in Foreign deposits with Federal Reserve Banks. The principal offsetting change was an increase of $52 million in Other F. R. account s(net). The increase of $700 millio nin Reserve Bank credit resulted from increases of $505 million in U. S. Government securities and $487 million in Float, and a decrease of $293 million in Loans, discounts and advances. Holdings of U. S. Government securities, which include $413 million certificates of indebtedness--special series, issued to the Federal Reserve Banks, reflected an increase of $618 million in certificates and a decrease of $113 million in bills. Change since Member Bank Reserves June 18, June 11, June 20, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,997 +505 + 191 Loans, discounts and advances 546 -293 + 375 Float 1,285 +487 + 112 Total 24,828 +700 + 678 Gold stock 23,297 - — +1,542 Treasury currency outstanding 4,751 + l + 103 Money in circulation 28,787 - 43 +1,308 Treasury cash holdings 1,286 + 2 + 1 Treasury deposits with F. R. Banks 9 -498 - 424 Foreign deposits with F. R. Banks 600 - 23 - 305 Other deposits with F. R. Banks 168 - 43 - 26 Other F. R. accounts (net) 794 + 52 + 20 Member bank reserves 21,232 +1,254 +1,750 Required reserves (estimated) 1 9 ,® +492 +1,026 Excess reserves (estimated) 1,56HH> +762 + 724 Daily average excess reserves (estimated) 863 +159 189 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) . ' , i STATEMENT OF CONDITION di tHE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since June 18, June 11, June 20, 1952 1952 1951 A S S E TS Gold certificates 21,416,253 2,999 + 1,537,349 Redemption fund for F. R. notes 681,339 + 1,544 + 41,978 Total gold certificate reserves 22,097,592 1,455 + 1,579,327 - Other cash 317,071 4- 3,973 + 4,014 Discounts and advances 541,407 292,204 + 376,062 Industrial loans 4,730 307 649 *• • U. S. Government securities: Bills 135,000 112,700 275,894 Certificates 12,158,316 + 618,010 + 8,964,524 Notes 5,568,073 - 6,897,275 Bonds 5,135,823 1,600,014 - Total U. S. Government securities 22,997,212 + 505,310 + 191,341 Total loans and securities 23,543,349 + 212,799 + 566,754 Due from foreign banks 28 10 ——— - F. R. notes of other banks 152,533 + 9,929 + 22,370 Uncollected cash items 5,047,766 + 1,504,727 + 455,947 Bank premises 45,000 + 64 + 3,495 Other assets 174,637 - 45,603 + 30,513 TOTAL ASSETS 51,377,976 + 1,684,434 + 2,662,410 L I A B I L I T I ES Federal Reserve notes 24,592,371 29,432 + 1,270,266 - Deposits: Member bank—reserve accounts 21,231,617 + 1,253,353 + 1,749,130 U. S. Treasurer--general account 9,179 - 497,624 - 424,056 Foreign 599,781 - 23,333 - 305,494 Other 168,476 42,279 25,200 - - Total deposits 22,009,053 + 690,117 994,380 4* Deferred availability cash items 3,763,227 + 1,018,003 + 344,429 Other liabilities and accrued dividends 19,113 741 - 984 TOTAL LIABILITIES 50,383,764 + 1,677,947 + 2,608,091 C A P I T AL A C C O U N TS Capital paid in 244,681 + 552 + 13,979 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 — — — • •» — — Other capital accounts 183,646 4- 5,935 + 12,020 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,377,976 + 1,684,434 + 2,662,410 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 47.4<f> + 1,1# - Contingent liability on acceptances purchased for foreign correspondents 8,135 + 1 19,346 Industrial loan commitments 6,425 + 282 + 3,043 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 18, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 512,859 1,404 1,309,566 16 to 90 days 28,529 320 92,200 91 days to 1 year 19 1,911 12,511,775 Over 1 year to 5 years 1,095 5,941,352 Over 5 years to 10 years 1,070,224 Over 10 years 2,072,095 Total 541,%07 4,730 22,997,212 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 18, 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 21,416,253 691,372 7,110,338 1162,701 1423,475 895,378 810,001 44l8,145 512,654 328,318 776677,,884444 598,363 2697,664 Redemption fund for F. R. notes 681,339 60,287 72,889 53,574 78,358 64,248 47,585 104,134 48,316 24,608 38,338 27,408 61,594 Total gold certificate reserves 22,097,592 751,659 7,183,227 1216,275 1501,833 959,626 857,586 4522,279 560,970 352,926 806,182 625,771 2759,258 Other cash 317,071 21,906 58,182 18,898 28,101 18,677 31,173 60,600 15,968 5,526 11,027 10,882 36,131 Discounts and advances 541,407 2,808 255,726 8,334 17,186 10,243 5,584 64,312 9,259 11,958 40,749 5,004 110,244 Industrial loans 4,730 — 3,718 96 791 121 — — 4 —• U. S. Govt, securities: Bills 135,000 6,669 62,706 5,908 9,384 6,353 5,440 13,444 1,076 2,992 4,115 4,308 12,605 Certificates 12,158,316 859,630 2,840,223 761,503 1209,449 818,884 701,253 1732,694 656,665 385,659 530,381 555,341 1106,634 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 22,997,212 1625,751 5,374,620 1440,173 2287,338 1548,692 1326,223 3276,913 1237,881 729,366 1003,070 1050,273 2096,912 Total loans and securities 23,543,349 1628,559 5,630,346 1452,225 2304,524 1559,031 1332,598 3341,225 1247,140 741,445 1043,819 1055,281 2207,156 Due from foreign banks 28 2 1/ 8 2 3 1 1 4 1 1 1 1 3 J".R.notes of other bank s152,533 3,413 21,682 5,784 6,799 34,559 17,030 17,795 8,132 5,647 6,o4o 7,477 18,175 Uncollected cash items 5,047,766 373,303 1,005,209 318,634 570,304 345,737 301,510 862,396 196,154 136,539 280,139 200,026 457,815 Bank premises 45,000 994 7,717 2,826 4,756 4,589 3,515 6,527 3,169 1,070 2,378 643 6,816 Other assets 174,637 14,220 39,499 10,830 17,178 11,779 10,393 24,558 9,120 5,436 7,804 8,092 15,728 TXJTAL ASSETS 51,377,976 2794,056 13,945,870 3025,474 4433,498 2933,999 2553,806 8835,384 2040,654 1248,590 2157,390 1908,173 5501,082 l/ 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 JUNE 18, 1952 H.4.1(c) (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 24,592,37% 1516,26l 5,473,197 1732,508 2253,141 1702,269 1338,121 4678,052 1126,370 625,856 968,238 694,876 2483,482 ^^bank-reserve accts. 2!,231,617 927,015 7,130,859 925,492 1566,897 870,677 887,522 3373,870 691,177 *65,559 933,257 972,509 2486,783 F0?elgnaBUrer"general aCCt' 59^ 781 37,088 1/182,222 46,660 55,03* 30,508 25^723 83,150 22,732 15,553 22,732 22,732 55>7 Other 168:476 5(926 106.610 1.815 4.039 2,227 2,005 2,06l 8,174 944 1^262 J19 32,694 m — i:is fts «s as sa ss ss rs ss % mm 1/.- 1.IW l .m ..»« as. «s; a,a> a 116 SB S i — L SB TOTAL LIABILITIES 50,383,764 2730,851 13,662,229 2949,864 4340,588 2880,443 2508 ,271 86917,044 19399,602 1221,329 2117,502 1867,845 54o8,196 11 B # 1 11 g a m # i TOmPI»LBACCo™TSAra> 51,377,976 2794,056 13,945,870 3025,474 4433,498 2933,999 2553,806 8835,384 2040,654 1248, 590 2157,390 1908,173 5501,082 Contingent liability on for^oreign correspondents 8,135 504 2/2,455 635 749 415 350 1,131 309 212 309 309 757 Industrial loan commitments 6,425 1,875 915 6l 2,3&7 5 FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding 25,565,475 1569,327 5,763,872 1785,471 2316,555 1791,151 1391,001 4766,524 1164,819 638,989 1001,407 729,137 2647,222 C°GoldecertificItes n°teS' 13,249,000 400,000 4,470,000 750,000 810,000 580,000 485,000 2900,000 270,000 165,000 280,000 239,000 1900,000 Eligible paper 439,693 2,312 252,785 7,710 --- 9,835 — — 8,955 11,750 40,346 — 106,000 ^*Total°coilateraltieS I ^ ^ IO 2 3 ^ 00 1889:835 1^35^0 %% 1228^55 68^750 1 0 7^ #:000 1/ After deducting $417,544,000 participations of other Federal Reserve Banks. 2/ After deducting $5,680,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis