H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF TEE FEDERAL RESERVE SYSTEM (For Immediate Release) June 26, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 25, Member bank reserves decreased $1,226 million. The principal changes reducing reserves were a decrease of $1,075 million in Reserve Bank credit, and increases of $125 million in Treasury f :posits with Federa lReserve Banks, $50 million in Other deposits with Federal Reserve Banks, and $27 million in Money in circulation. The principal offsetting change was an increase of $4g million in Gold stock. The decrease of $1,075 million in Reserve Bank credit resulted from decreases of $433 million in U. S. Government securities, $408 million in Float, and $235 million in Loans, discounts and advances, The decrease in holdings of U, S* Government securities reflected retirement of the $413,000,000 certificates of indebtedness--special series, issued to the Federal Reserve Banks, held the previous week, an increase of $33,000,000 in othe rcertificates, and a decrease of $53,000,000 in bills* Change since Member Bank Reserves June 25, June 18, June <^7 > and Related Items 1952 1952 1951 (In millions of dollars) Reserve Batik credit: TJ, S. Government securities 22,564 - 433 - 279 Loans, discounts and advances 311 - 235 + 85 Float 877 - 4o8 + 31 Total 23,753 -1,075 - 163 Gold stock 23,346 + 49 +1,591 Treasury currency outstanding 4,752 1 1 + 102 Money in circulation 28,814 + 27 +1,213 Treasury cash holdings 1,290 + 4 + 4 .Treasury deposits with F, R« Banks ? 134 + 125 - 284 Foreign deposits with F. R. 'Banks 595 5 - 352 Other deposits with F. R, Banks 218 + 50 + 26 Other F. R. accounts (net) 793 1 + 18 Member bank reserves 20,006 -1,226 + 904 Required reserves (estimated) 19,5% 90 +1,014 Excess reserves (estimated) -1,136 - 110 Daily average excess reserves (estimated) 745 - 118 + 184 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) June 25, June l8, June 27, 1952 1952 1951 A S S E TS Gold certificates 21,454,250 + 37,997 + 1,585,848 Redemption fund for F. R. notes 690,815 4- 9,476 + 40,976 Total gold certificate reserves 22,145,065 + 47,473 + 1,626,624 Other cash 318,276 + 1,205 + 11,925 Discounts and advances 306,557 234,850 + 86,256 Industrial loans 4,920 + 190 530 U. S. Government securities: Bills 82,000 53,000 - 319,394 Certificates 11,778,216 380,100 + 8,584,424 Notes 5,568,073 - 6,871,175 Bonds 5,135,823 — - 1,672,979 Total U. S. Government securities 22,564,112 433,100 - 279,124" Total loans and securities 22,875,589 667,760 - 193,398 28 10 Due from foreign banks F. R. notes of other banks 157,374 + 4,841 + 29,597 Uncollected cash items 4,091,396 - 956,370 + 680,849 Bank premises 44,959 41 + 3,491 Other assets 183,932 + 9,295 + 33428 TOTAL ASSETS 59,816,619 - 1,561,357 + 2,192,606 L I A B I L I T I ES Federal Reserve notes 24,627,302 + 34,931 + 1,193,084 Deposits: Member bank--reserve accounts 20,005,825 - 1,225,792 + 903,447 U. S. Treasurer--general account 134,103 + 124,924 - 283,571 Foreign 595,480 4,301 - 351,225 Other 218,097 + 49,621 + 26,464 Total deposits 20,953,505 - 1,055,54b + 295,115 Deferred availability cash items 3,214,105 - 549,122 + 650,043 Other liabilities and accrued dividends 21,229 + 2,116 + 169 TOTAL LIABILITIES 58,816,141 - 1,567,623 + 2,138,411 C A P I T AL A C C O U N TS Capital paid in 244,990 + 309 + 13,728 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 189,603 + 5,957 + 12,347 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 59,816,619 - 1,561,357 + 2,192,606 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 48.6$ 1.2 i 2.1# Contingent liability on acceptances purchased for foreign correspondents 8,098 37 18,801 Industrial loan commitments 6,450 25 2,907 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 25, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 279,037 1,345 991,666 16 to 90 days 27,501 343 63,000 91 days to 1 year 19 2,100 12,425,775 Over 1 year to 5 years 1,132 5,941,352 Over 5 years to 10 years 1,070,224 Over 10 years 2,072,095 Total 306,557 4,920 22,564,112 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 25, 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 21,454,250 670,483 7,032,362 1217,628 1445,615 871,645 8ll,6l0 4428,774 535,802 319,360 789,148 606,205 2725,6l8 Redemption fund for , ,^ . , F. R. notes 690.815 62,149 72,437 53,323 78,192 73,226 47,470 103,965 48,269 24,595 38,302 27,372 61,515 ""reserves certlf:icate 22,145,065 732,632 7,104,799 1270,951 1523,807 944,871 859,080 4532,739 584,071 343,955 827,450 633,577 2787,133 other cash 318,276 21,590 59,38l 18,978 26,751 18,004 33,188 59,695 17,564 6,102 10,445 10,837 35,741 Discounts and advances 306,557 6,505 51,796 23,374 12,386 15,893 13,714 70,127 18,754 18,308 60,852 5,004 9,844 Industrial loans 4,920 — — 3,978 108 734 —- — 100 U'Biils°Vt* securities: 82,000 5,818 18,935 5,154 8,185 5,543 4,746 11,727 4,444 2,610 3,590 3,758 7,490 Certificates 11,778,216 835,676 2,719,766 740,284 1175,750 796,065 681,712 l684,4l4 638,368 374,913 515,603 539,867 1075,798 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 ~°sec^itie G°VerPmen^ 22,564,112 l600,946 5,210,392 l4l8,200 2252*440 1525,063 1305,988 3226,916 1222,952 718,238 987,767 1034,249 2060,961 S ~°securities^~ 22,875,589 1607,451 5,262,188 1445,552 2264,826 1541,064 1320,436 3297,043 1241,706 736,646 1048,619 1039,253 2070,805 Due from foreign banks 28 2 l/ 8 2 3 1 1 ^ , * s * n r, •*" s s ^ 0 F.R.notes of other banks 157,374 3,341 21,046 5,778 7,114 34,538 19,087 16,693 8,639 6,438 8,752 6,623 19,325 Uncollected cash items 4,091,396 334,503 863,834 253,667 424,298 322,526 237,649 630,882 192,698 95,779 201,828 179,929 353,803 Bank premises 44,959 994 7,718 2,821 4,756 4,574 3,512 6,527 3,169 1,070 2,378 643 6,797 Other assets 183,932 14,799 41,733 11,440 18,383 12,485 10,931 25,652 9,661 5,698 8,228 8,545 16,377 TOTAL ASSETS 49,816,619 2715,312 13,360,707 3009,189 4269,938 2878,063 2483,884 8569,235 2057,509 1195,689 2107,701 1879,408 5289,984 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 FEDERAL RESERVE BANKS'' ON JUNE 2% 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 24,627,302 1529,024 5,490,934 1738,277 2255,177 623,707 970,506 696,469 2480,351 Deposits: Member bank-reserve accts. 20,005,825 820,270 6,473,672 919,878 1525,236 448,355 913,464 949,497 2349,315 U.S.Treasurer-general acct, 134,103 564 127,607 457 563 587 709 507 599 555 545 505 905 Foreign 595,480 36,847 1/180,644 46,355 54,676 30,309 25,555 82,608 22,583 15,452 22,583 22,583 55,285 Other 218,097 27,111 136,009 2,195 3,372 1,501 2,141 4,070 7,070 815 384 708 32,721 Total deposits 20,953,505 884,792 6,917,932 968,885 1583,847 861,988 896,727 3291,112 734,550 465,177 936,976 973,293 2438,226 Deferred avail, cash items 3,214,105 236,549 659,790 224,854 335,158 256,293 206,612 455,781 156,709 78,728 159,291 168,095 276,245 Other liabilities and accrued dividends 21,229 1,214 7,005 1,092 2,303 983 963 2,797 843 609 779 935 1,706 TOTAL LIABILITIES 48,8l6,l4l 2651,579 13,075,661 2933,108 4176,485 2824,065 2438,011 8430,050 2016,089 1168,221 2067,552 1838,792 5196,528 Capital paid in 244,990 13,176 76,900 17,080 23,609 10,728 10,105 31,825 8,562 5,466 9,240 11,879 26,420 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 189,603 13,354 41,084 13,019 18,190 12,896 11,135 26,330 10,549 6,866 9,405 9,220 17,555 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,816,619 2715,312 13,360,707 3009,189 4269,938 2878,063 2483,884 8569,235 2057,509 1195,689 2107,701 1879,408 5289,984 Contingent liability on acceptances purchased for foreign correspondents 8.098 502 2/2,446 632 745 413 348 1,125 308 210 308 308 753 Industrial loan commitments 6.099 1,549 915 61 2,367 805 402 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,703,644 1586,798 5,783,170 1804,483 2325,441 1806,598 1398,072 4779,822 1174,912 640,190 1005,503 736,115 2662,540 Collateral for F.R. notes: Gold certificates 13,099,000 400,000 4,470,000 750,000 810,000 430,000 485,000 2900,000 270,000 165,000 280,000 239,000 1900,000 Eligible paper 1±y9v0t, 8v7 } 4 \j6\,j0y09 'tv,4v0j,v630 212,750 y^ ; 1 15,485 —7 ' / 18,350 18,100 60,450 ' 9,100 13,375,000 1300,000 1,400,000 1100,000 1575,000 1400,000 950,000 1900,000 950,000 505,000 750,000 545,000 1000,000 U. S. Govt, securities 26,664,874 1706,009 5,910,630 1872,750 2385,000 1845,485 1435,000 4800,000 1238,350 688,100 1090,450 784,000 2909,100 Total collateral 1/ After deducting $414,821,000 participations of other Federal Reserve Banks. 2/ After deducting $5,652,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis