H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE! SYSTEM (For Immediate Release) jux 10, 1952 y CONDITION OF THE FEDERAL RESERVE BAMS Member Bank Reserves and Related Items During the week ended July 9, Member bank reserves increased $260 million. The principal changes supplying reserves were an increase of $310 million in Reserve Bank credit and decreases of $52 million in Treasury deposits with Federal Reserve Banks, $32 million in Money in circulation, and $13 million in Treasury cash holdings. The principal offsetting changes were increases of $84 million in Other deposits with Federal Reserve Banks and $62 million in Foreign deposits with Federal Reserve Banks. The increase of $310 million in Reserve Bank credit resulted from increases of $202 million in Loans, discounts and advances and $117 million in Float, and a decrease Of $9 million in U, S. Government securities. Holdings of U. S. Government securities reflected a decrease of $91 million in bills and an increase of $82 million in certificates. Change since Member Bank Reserves July 9, July 2, July 11, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: XJ, S. Government securities 22,860 - 9 - 232 Loans, discounts and advances 687 +202 + 445 Float 918 +117 - 15 Total 24,465 +310 + 198 Gold stock 23,347 + 1 +1,590 Treasury currency outstanding 4,754 - 1 + 98 Money in circulation 29,148 - 32 +1,255 Treasury cash holdings 1,264 - 13 - 32 freasury deposits with F. R. Banks 38 - 52 - 215 foreign deposits with F, R. Banks 638 + 62 - 272 Other deposits with F. R. Banks 268 + 84 + 71 Other F. R. accounts (net) 799 + 1 + 31 Member bank reserves 20,413 +260 +1,049 10,00% Required reserves (estimated) -*#7863- -l6l +l,4o4 Excess reserves (estimated) 55^-405 +421 - 355 Daily average excess reserves (estimated) 843 +207 + 36 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) Change since July 9, July 2, July 11, 1952 1952 1951 A S S E TS Gold certificates 21,474,251 + 9,999 + 1,628,850 Redemption fund for F. R. notes 689,150 - 1,476 4- 23,115 Total gold certificate reserves 22,163,401 + 8,523 + 1,651,965 Other cash 316,945 + 12,141 + 12,697 Discounts and advances 682,549 + 202,979 + 446,242 Industrial loans 4,780 171 885 - - U. S. Government securities: . . Bills 254,800 91,000 382,750 Certificates 11,901,516 + 82,000 + 8,707,724 Notes 5,568,073 — — — - 7,871,175 Bonds 5,135,823 -- - - 686,279 Total U. S. Government securities 22,860,212 9,000 232,480 • - Total loans and securities 23,547,541 + 193,808 + 212,877 Due from foreign banks 23 - 5 - 15 F. R. notes of other banks 158,070 + 11,075 + 19,056 Uncollected cash items 3,572,065 - 200,562 + 273,070 Bank premises 4-5,466 + 15 + 3,698 Other assets 182,956 + 7,695 + 20,580 TOTAL ASSETS 49,986,467 + 32,690 + 2,193,928 L I A B I L I T I ES Federal Reserve notes 24,948,333 - 12,737 + 1,218,119 Deposits: Member bank—reserve accounts 20,412,869 + 260,098 + 1,048,623 U. S. Treasurer--general account 38,270 • 52,168 - 214,234 Foreign 638,231 + 62,651 - 272,146 Other 267,620 4- 83,385 + 70,681 Total deposits 21,356,990 + 353,966 + 632,924 Deferred availability cash items 2,654,141 317,063 + 287,782 - Other liabilities and accrued dividends 13,283 + 1,695 - 307 TOTAL LIABILITIES 48,972,747 + 25,861 + 2,138,518 C A P I T AL A C C O U N TS Capital paid in 245,634 + 174 + 13,663 Surplus (Section 7) 538,342 + 28,320 — — — Surplus (Section 13b) 27,543 - - - - Other capital accounts 202,201 4- 6,655 + 13,427 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,986,467 + 32,690 + 2,193,928 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 47.9# .3% + 1.8$ - Contingent liability on acceptances purchased for foreign correspondents 9,080 14 18,457 Industrial loan commitments 6,442 + 442 + 2,738 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 9, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 624,525 737 310,100 16 to 90 days 57,539 1,017 7,106,500 91 days to 1 year 485 2,801 6,359,941 Over 1 year to 5 years 225 5,941,352 Over 5 years to 10 years 1,070,224 Over 10 years 2,072,095 Digitized for FRASTEoRt al 602,549 4,700 22,860,212 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 9, 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 21,474,251 690,417 6,852,660 1222,899 1391,069 927,327 868,694 4431,879 537,518 355,626 810,372 642,341 2743,449 Redemption fund for F. R. notes 668899,,115500 6611,,994455 71,812 54,918 77,927 71,901 47,283 103,669 48,191 24,561 38,243 27,315 61,385 Total gold certificate reserves 22,163,401 752,362 6,924,472 1277,817 1468,996 999,228 915,977 4535,548 585,709 380,187 848,615 669,656 2804,834 Other cash 316,945 22,465 61,085 19,230 27,306 17,145 30,354 59,453 17,755 6,267 9,775 9,787 36,323 Discounts and advances 682,549 2,804 174,110 30,040 96,580 19,010 14,565 146,497 22,260 15,440 66,278 21,570 73,395 Industrial loans 4,780 — — — 3,880 103 699 — — «• — 98 «.«• U. S. Govt, securities: Bills 254,800 11,551 129,593 10,232 16,251 11,004 9,423 23,282 8,824 5,162 7,127 7,461 14,870 Certificates 11,901,516 835,676 2,843,066 740,284 1175,750 796,065 681,712 1684,414 638,368 374,913 515,603 539,867 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 22,860,212 1606,679 5,444,350 1423,278 2260,506 1530,524 1310,665 3238,471 1227,332 720,810 991,304 1037,952 2068,341 Total loans and securities 23,547,541 1609,483 5,618,460 1457,198 2357,086 1549,637 1325,929 3384,968 1249,592 736,348 1057,582 1059,522 2141,736 Due from foreign banks 23 1 1 /7 2 2 l 1 3 1 1 1 1 2 F.R.notes of other banks 158,070 3,128 23,367 7,253 6,276 33,968 17,193 16,408 7,698 6,379 7,886 5,995 22,519 Uncollected cash items 3,572,065 383,330 644,765 225,620 284,051 314,912 231,138 572,611 157,103 90,097 194,772 154,067 319,599 Bank premises 45,466 990 7,699 2,955 4,746 4,583 3,512 6,568 3,149 1,067 2,362 1,042 6,793 Other assets 182,956 14,731 41,954 11,190 18,368 12,419 10,949 25,327 9,608 5,646 8,130 8,293 16,341 TOTAL ASSETS 49,986,46? 2786,490 13,321,809 3001,265 4166,831 2931,893 2535,053 8600,886 2030,615 1225,992 2129,123 1908,363 5348,147 1/ After deducting $16,000 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 JULY 9, 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 24,948,333 1549,500 5,541,066 1758,260 2274,560 1733,543 1349,820 4737,190 1139,282 628,437 985,317 715,420 2535,938 Deposits: Member bank-reserve accts. 20,412,869 909,611 6,555,212 943,617 1517,807 873,948 921,439 3239,130 693,860 474,045 926,069 995,856 2362,275 U.S.Treasurer-general acct. 38,270 529 33,128 191 144 636 451 552 643 403 442 355 796 Foreign 638,231 36,375 1/228,697 45,763 53,976 29,922 25,228 81,551 22,295 15,254 22,295 22,295 54,580 Other 267,620 7,416 194,086 3,022 4,102 6,305 2,4l4 3,970 8,247 1,344 559 920 35,235 Total deposits 21,356,990 953,931 7,011,123 992,593 1576,029 910,811 949,532 3325,203 725,045 491,o46 949,365 1019,426 2452,886 Deferred avail, cash items 2,654,141 217,636 477,194 172,841 219,949 232,024 188,423 395,477 123,59% 78,171 153,193 131,857 263,782 Other liabilites and accrued dividends 13,283 891 4,058 647 1,545 702 635 1,976 545 513 490 467 8l4 TOTAL LIABILITIES 48,972,74? 2721,958 13,033,441 2924,341 4072,083 2877,080 2488,410 8459,846 1988,466 1198,167 2088,365 1867,170 5253,420 Capital paid in 245,634 13,183 77,055 17,132 23,615 10,744 10,141 31,917 8,595 5,474 9,296 11,912 26,570 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 202,201 14,146 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,986,467 2786,490 13,321,809 3001,265 4166,831 2931,893 2535,053 8600,886 2030,615 1225,992 2129,123 1908,363 5348,147 Contingent liability on acceptances purchased for foreign correspondents 9,080 563 2/2,742 708 835 463 391 1,262 345 236 345 345 845 Industrial loan commitments 6,442 - - - 1,905 915 61 2,366 - - - 800 - 395 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,896,629 1591,282 5,800,321 1817,040 2346,239 1821,447 1405,747 4839,856 1179,912 644,298 1015,747 750,098 2684,642 Collateral for F.R. notes: Gold certificates 13,194,000 400,000 4,470,000 750,000 810,000 450,000 485,000 2950,000 270,000 170,000 280,000 259,000 1900,000 Eligible paper 379,734 1,874 168,980 28,870 --- 18,245 — 21,590 15,050 65,625 — 59,500 U. S. Govt, securities 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 Total collateral 1/ After deducting $409,517,000 participations of other Federal Reserve Banks. 2/ After deducting $6,338,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis