H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM g (For Immediate Release) July 3, 1952 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended July 2, Member ban kreserves increased $147 million. The principal changes supplying reserves were an increase of $402 million in Reserve Bank credit and decreases of $44 million in Treasur ydeposits with Federa lReserve Banks, $34 million in Other deposit swith Federa lReserve Banks, $19 millio nin Foreign deposits with Federal Reserve Banks, and $13 million in Treasury cash holdings. The principal offsetting change was an increase of $366 millio nin Money in circulation. The increase of $402 million in Reserv eBank credit resulted from increases of $305 million in U. S. Government securities and $174 million in Loans, discounts and advances, and a decrease of $76 millio nin Float .Holdings of U. S. Government securities reflected increases of $264 million in bill sand $4l million in certificates. Change since Member Bank Reserves July 2, June 25, July 3, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,869 +305 - 108 Loans, discounts an dadvances 485 +174 + 298 Float 801 - 76 5 Total 24,155 +402 + 185 Gold stock 23,346 -- +1,590 Treasury currency outstanding 4,755 + 3 + 101 Money in circulation 29,180 +366 +1,232 Treasury cash holdings 1,277 - 13 - 10 Treasury deposits with F. R. Banks 90 - 44 - 89 Foreign deposits with F. R. Banks 576 - 19 - 279 Other deposits with F. R. Banks 184 - 34 + 25 Other F. R. account s(net) 798 + 5 + 34 Member bank reserves 20,153 +147 + 964 Required reserves (estimated) 2O,62W04 +446 +1,468 Excess reserves (estimated) -299 - 504 Daily average excess reserves (estimated) 636 -109 1 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 July 2, June 25, July 3, 1952 1952 1951 A S S E TS Gold certificates 21,464,252 + 10,002 +1,605,851 Redemption fund for F. R. notes 690,626 189 + 37,248 Total gold certificate reserves 22,154,878 + 9,813 +1,643,099 Other cash 304,804 13,472 + 14,090 ~ Discounts and advances 479,570 + 173,013 + 298,480 Industrial loans 4,951 + 31 753 U, S. Government securities: Bills 345,800 + 263,800 - 176,750 Certificates 11,819*516 + 41,300 +8,625,724 Notes 5,568,073 -6,871,175 Bonds 5,135,823 -1,686,279 - - - Total U. S. Government securities 22,869,212 + 305,100 - 108,480 Total loans and securities 23,353,733 + 478,144 + 189,247 Due from foreign banks 28 — — *• 10 F. R. note sof other banks 146,995 — 10,379 + 29,171 Uncollected cash items 3,772,627 - 318,769 + 453,057 Bank premises 45,451 + 492 + 3,833 Other assets 175,261 8,671 + 17,084 TOTAL ASSETS 49,953,777 4- 137,158 +2,349,571 L I A B I L I T I ES Federal Reserve notes 24,961,070 + 333,768 +1,216,131 Deposits: Member bank--reserve accounts 20,152,771 4 146,946 + 963,298 U. S. Treasurer--general account 90,438 43,665 - 88,137 - Foreign 575,580 19,900 - 278,922 - Other 184,235 33,862 + 25,180 Total deposits 21,003,024 + 49,519 + 621,419 Deferred availability cash items 2,971,204 242,901. + 457,523 - Other liabilities and accrued dividends 11,588 9,641 1,135 • TOTAL LIABILITIES SB,946,885 + 130,745 +2,293,930 C A P I T AL A C C O U N TS Capital paid in 245,460 + 470 + 13,692 Surplus (Section 7) 538,342 - — — + 28,320 Surplus (Section 13b) 27,543 — — — --- Other capital accounts 195,546 + 5,943 + 13,621 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 59,953,777 + 137,158 +2,349,571 Ratio of gold certificat ereserves to deposit and F, R. not eliabilities combined 48.2% .4/0 + 1.7* - Contingent liability on acceptances purchased for foreign correspondents 9,094 + 996 - 18,995 Industrial loan commitments 6,000 450 + 2,619 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 2, 1952 (Callable Government securities classified according to nearest cal ldate) Discounts and Industrial U. S. Government advances loans securities Within 15 days 431,313 743 293,600 16 to 90 days 48,242 995 93,500 91 days to 1 year 15 2,990 13,398,441 Over 1 year to 5 years 223 5,941,352 Over 5 years to 10 years 1,070,224 Over 10 years 2,072,095 Total 4797570 X951 227Bo9,212 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITIO NOF THE FEDERA LRESERVE BANKS ON JULY 2 ,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 21,464,252 716,388 6,749,605 1210,150 1431,28 6927,205 854,163 4466,820 531,379 345,651 824,671 659,401 2747,533 Redemption fund for F. R. note s690,626 62,024 72,076 55,077 78,029 72,425 47,367 103,785 48,221 24,575 38,269 27,339 61,439 reserves 22,154,878 778,412 6,821,681 1265,227 1509,315 999,630 901,530 4570,605 579,600 370,226 862,940 686,740 : ! or Other cash 304,804 20,305 59,986 17,709 28,642 16,073 29,040 58,262 16,177 5,454 9,994 10,232 32,930 Discounts and advances 479,570 2,765 27,500 26,560 23,680 20,760 16,690 109,200 22,520 21,740 29,190 5,570 173,395 Industrial loans 4,951 — — — —- — 4,049 — - 98 706 98 " — --- U. S. Govt, securities: Bills 345,800 19,994 129,072 17,711 28,130 19,047 16,311 40,301 15,273 8,970 1122,,333366 1122,,991166 25,739 Certificates 11,819,516 835,676 2,761,066 740,284 1175,750 796,065 681,712 1684,4l4 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 Total U. S. Government securities 22,869,212 1615,122 5,361,829 1430,757 2272,385 1538,567 1317,553 3255,490 1233,781 724,598 996,513 1043,407 2079,210 Total loans and securities 23,353,733 1617,887 5,389,329 l46l,366 2296,065 1559,425 1334,949 3364,690 1256,301 746,436 1025,703 1048,977 2252,605 Due from foreign banks 28 2 1/ 8 2 3 1 l 4 1 l 1 1 3 F.R.notes of other banks 146,995 2,410 19,362 5,290 6,822 34,009 18,268 13,688 7,957 6,955 6,591 6,448 19,195 Uncollected cash items 3,772,627 329,082 713,346 240,122 338,815 312,097 244,8i8 622,004 137,723 102,180 211,660 156,076 364,704 Bank premises 45,451 990 7,696 2,955 4,746 4,577 3,512 6,563 3,148 1,067 2,362 1,042 6,793 Other assets 175,261 14,098 39,855 10,729 17,626 11,944 10,362 24,284 9,236 5,437 7,894 8,003 15,793 TOTAL ASSETS 49,953,777 2763,186 13,051,263 3003,40 04202,034 2937,756 2542,48 08660,100 2010,14 31237,756 2127,14 51917,519 5500,995 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 FEDERA LRESERVE BANKS ON JULY 2 ,1952 (in thousands of dollars) H.4.1(c) 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 24,961,070 1551,970 5,555,539 1765,464 2269,425 1731,127 1360,253 4733,527 1141,268 628,820 982,624 714,270 2526,783 Deposits: Member bank-reserve accts .20,152,771 847,451 6,297,035 924,263 1524,129 872,503 905,331 3246,329 674,981 479,368 915,379 983,594 2482,408 U.S.Treasurer-general acct. 90,438 849 80,243 921 581 730 1,002 497 556 1,764 1,582 552 1,161 Foreign 575,580 35,216 1/179,099 44,304 52,256 28,968 24,424 78,952 21,584 14,768 21,584 21,584 52,841 Other 184,235 7,068 ~ 113,319 4,693 4,793 4,565 2,483 2,069 7,945 1,351 637 902 34,410 Total deposits 21,003,024 890,584 6,669,696 974,181 1581,759 906,766 933,240 3327,847 705,066 497,251 939,182 1006,632 2570,820 Deferred avail, cash item s2,971*204 255,778 536,002 186,710 255,294 244,917 202,159 456,927 121,534 83,609 164,471 155,301 308,502 Other liabilities and accrued dividends 11,588 901 3,217 543 1,461 575 552 1,713 542 459 463 422 740 TOTAL LIABILITIES 48,946,886 2699,2331 2,764,454 2926,898 4107,939 2883,385 2496,20 48520,014 1968,410 1210,139 2086,740 1876,625 5406,845 Capital paid in 245,460 13,179 77,047 17,107 23,620 10,734 10,113 31,880 8,577 5,473 9,284 11,891 26,555 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 195,546 13,571 42,700 13,413 18,821 13,263 11,530 27,176 10,847 7,008 9,617 9,486 18,114 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,953,777 2763,186 13,051,263 3003,40 04202,034 2937,756 2542,48 08660,100 2010,14 31237,756 2127,14 51917,519 5500,995 Contingent liability on acceptances purchased for foreign correspondents 9*094 564 2/2,746 709 837 464 391 1,264 345 236 346 346 846 Industrial loan cocmitnents 6,000 1,455 915 61 2,367 800 402 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,822,608 1586,287 5,783,88a. 1820,872 2337,596 1810,880 1410,49 84829,461 1174,576 641,968 1008,612 744,831 2673,146 Collateral for F.R. notes: Gold certificates 13,149,000 400,000 4,470,000 750,000 810,000 430,000 485,000 2950,000 270,000 165,000 280,000 239,000 1900,000 Eligible paper 292,355 1,835 12,875 25,390 — 19,995 — — 21,850 21,350 24,060 — 165,000 U. S. Govt, securities 13,375,000 1300,000 1,400,000 1100,000 1575,00 01400,000 950,000 1900,000 950,000 505,000 750,000 545,000 1000,000 Total collateral 26,816,355 1701,835 5,882,875 1875,390 2385,000 1849,99 51435,000 4850,000 1241,85 0691,350 1054,060 784,000 3065,000 1/ After deducting $396,464,000 participations of other Federa lReserve Banks. 2/ after deducting $6,348,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis