H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) July 17, 1952 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended July 16, Member ban kreserves increased $9 million. The principal changes supplying reserves were an increase of $206 million in Reserve Bank credit and a decrease of $160 millio nin Money in circulation. The principal offsetting changes were increases of $269 million in Treasury deposits with Federal Reserve Banks, $62 million in Foreign deposits with Federal Reserve Banks, and $20 million in Other deposit swith Federal Reserve Banks. The increase of $206 million in Reserve Bank credit resulted from increases of $291 million in Loans, discounts and advances and $52 million in Float, and a decrease of $137 millio nin U. S. Government securities. Holdings of U. S. Government securities reflected decreases of $92 million in bills and $45 million in certificates. Member Bank Reserves July 16, July 9, July 18 and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,723 -137 - 358 Loans, discounts and advances 978 +291 + 673 Float 970 + 52 - 248 Total 24,671 +206 + 66 Gold stock 23,348 + 1 +1,590 Treasury currency outstanding 4,756 + 2 + 100 Money in circulation 28,988 -160 +1,207 Treasury cash holdings 1,271 + 7 - 25 Treasury deposits with F. R. Banks 307 +269 - 305 Foreign deposits with F. R. Banks 700 + 62 - 167 Other deposits with F. R. Banks 288 + 20 - 28 Other F. R. account s(net) 797 - 2 + 31 Member bank reserves 20,422 + 9 +1,042 Required reserves (estimated) 19,8#MT% - 32* +1,379 Excess reserves (estimated) + 41* - 337 Daily average excess reserves (estimated) 798 - 5 0* 60 *July 9 figures revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

li.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since July 16, July 9, July 18, 1952 1952 1951 A S S E TS Gold certificates 21,452,252 21,999 + 1,606,849 Redemption fund for F. R< notes + 36,000 Total gold certificate reserves 22,149,468 13,933 + 1,642,849 Other cash 343,073 + 26,128 + 16,231 Discounts and advances 973,661 + 291,112 + 674,035 Industrial loans 4,713 67 783 U. S. Government securities: Bills 162,500 92,300 - 409,972 Certificates 11,856,216 45,300 + 8,662,424 Notes 5,568,073 - 7,925,175 Bonds 5,135,823 - 686,279 137,600 359,002 - - Total loans and securities 23,700,986 + 153,445 + 314,250 Due from foreign banks 23 15 - - - - F. R. notes of other banks 185,799 + 27,729 + 27,898 Uncollected cash items 4,172,632 + 600,567 + 351,159 Bank premises 45,594 + 128 + 3,656 Other assets 190,898 + 7,942 + 20,568 TOTAL ASSETS 50,788,473 + 802,006 + 2,376,596 L I A B I L I T I ES Federal Reserve notes 24,833,640 114,693 + 1,179,529 - Deposits: Member bank—reserve accounts 20,422,008 + 9,139 + l,04l,6l8 U. S. Treasurer--general account 307,485 + 269,215 - 304,332 Foreign 700,493 + 62,262 166,713 - Other 288,399 + 20,779 27,827 - Total deposits 21,718,305 + 361,395 + 542,746 Deferred availability cash items 3,203,061 + 548,920 + 599,402 Other liabilities and accrued dividends 13,223 60 1,211 - - TOTAL LIABILITIES 49,768,309 C A P I T AL A C C O U N TS Capital paid in 245,814 180 + 13,334 Surplus (Section 70 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 208,465 + 6,264 + 14,476 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,788,473 + 802,006 + 2,376,596 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 47.6% 1.9# Contingent liability on acceptances purchased for foreign correspondents 9,129 + 49 18,406 Industrial loan commitments 6,531 + 89 2,741 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY l6, 1952 (Callable Government securities classified according to nearest cal ldate) Discounts and Industrial U. S. Government advances loans securities Within 15 days 914,400 850 190,500 l6 to 90 days 59,184 963 7,062,000 91 days to 1 year 77 2,676 6,386,441 Over 1 year to 5 years 224 5,941,352 Over 5 years to 10 years 1,070,224 Over 10 years 2,072,095 Digitized for FRASTEoRt al 973,661 4,713 22,722,612 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF mTOITIOT OF THE FEDER ARLESERVE BAHKS ON JULY l6, 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 SaiiFran. Gold certificates 21,452,252 718,144 6,984,374 1201,249 1407,075 860,022 839,814 4366,027 571,542 318,137 835,232 640,863 2709,773 Redemption fund for E. R. notes 669977,,221166 61,908 71,309 54,837 77,876 80,808 47,246 103,611 48,174 24,554 38,234 27,307 61,352 Total gold certificate reserves 22,149,468 780,052 7,055,683 1256,086 1484,951 940,830 887,060 4469,638 619,716 342,691 873,466 668,170 2771,125 Other cash 343,073 25,133 67,872 18,326 30,818 18,555 29,934 63,134 20,316 6,545 11,372 11,450 39,6l8 Discounts and advances 973,661 1,648 326,575 31,710 64,230 26,565 11,765 192,541 28,770 25,790 90,502 7,070 166,495 Industrial leans 4,713 -- — 3,790 -- 104 721 — — — 98 — — U, S. Govt, securities: Bills 162,500 8,727 67,902 7,731 12,278 8,314 7,119 17,591 6,667 3,915 5,384 5,637 11,235 Certificates 11,856,216 835,676 2,797,766 740,284 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 22,722,612 1603,855 5,337,359 1420,777 2256,533 1527,834 1308,361 3232,780 1225,175 719,543 989,561 1036,128 2064,706 Total loans and securities 23,700,986 1605,503 5,663,934 1456,277 2320,763 1554,503 1320,847 3425,321 1253,945 745,431 1080,063 1043,198 2231,201 Due from foreign banks 23 1 1/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 165 799 5,551 30,115 8,867 7,337 38,898 18,098 19,549 9,218 9,886 9,843 6,669 21,768 Uncollected cash items 4,172,632 340,021 789,389 244,998 362,517 373,343 276,733 688,489 175,523 113,861 216,768 192,524 398,466 Bank premises 45,594 990 7,721 2,955 4,743 4,693 3,512 6,568 3,148 1,067 2,362 1,042 6,793 Other assets 190,898 15,209 43,548 11,681 18,760 12,971 11,498 26,786 10,030 5,871 8,507 8,919 17,118 TOTAL ASSETS 50,788,473 2772,460 13,658,269 2999,192 4229,891 2943,794 2547,683 8699,488 2091,897 1225,353 2202,382 1931,973 5486,091 l/ After deducting $16,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OP (CHE FEDERA LRESERVE BANKS ON JULY 16, 1952 (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 24,833,640 1538,22? 5,508,698 1754,16? 2266,899 1724,518 1341,982 4730,832 1136,622 623,501 982,293 708,853 2517,048 Deposits: Member bank-reserve accts. 20,422,008 881,953 6,512,50? 922,754 1516,340 862,891 897,855 3219,770 734,980 455,854 978,0?0 998,028 2441,006 U.S. Treasurer -general acct. 307,485 553 301,432 269 566 569 7?8 501 50? 550 5 02 536 722 Foreign 700,493 43,090 U 215,366 54,210 63,940 35,445 29,885 96,605 26,410 18,070 26,410 26,410 64,652 Other 288,399 6,502 222,560 3,274 3,530 4,280 2,301 2,105 7,457 1,170 639 616 33,965 Total deposits 21,718,385 932,098 7,251,865 980,507 1584,376 903,185 930,819 3318,981 769,354 475,644 1005,621 1025,590 2540,345 Deferred avail, cash items 3,203,061 236,318 603,914 186,544 28l,?00 260,189 227,290 505,839 142,903 97,463 172,915 155,482 332,504 Other liabilities and accrued dividends 13,223 932 3,822 616 1,519 624 613 1,8?4 514 718 511 565 915 TOTAL LIABILITIES 49,768,309 2707,575 13,368,299 2921,834 4134,494 2888,516 2500,704 8557,526 2049,393 1197,326 2161,340 1890,490 5390,812 Capital paid in 245,8l4 13,186 77,078 l?,l6l 23,601 10,812 10,154 31,92? 8,62? 5,479 9,305 11,923 26,561 Surplus (Section 7) 538,342 34,192 159,743 41,493 50,648 2?,025 23,871 79,601 21,788 14,063 20,367 18,210 4?,341 Surplus (Section 13b) 2?,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 208,465 14,496 45,830 14,215 20,142 14,092 12,192 29,005 11,568 7,412 10.233 10,043 19,237 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,?88,4?3 2772,460 13,658,269 2999,192 4229,891 2943,794 2547,683 8699,488 2091,897 1225,353 2202,382 1931,973 5486,091 Contingent liability on acceptances purchased for foreign correspondents 9,129 566 X] 2,756 712 84o 466 393 1,269 34? 237 347 347 849 Industrial loan commitments 6,531 — — 1,994 915 6l — 2,366 — —- 800 — 395 FEDERAL RESERVE AGENTS' ACCOUNTS P. R. notes outstanding 25,940,894 1588,880 5,818,710 1816,622 2343,702 1822,6o4 1412,237 4845,812 1182,035 643,330 1016,542 751,141 2699,279 Collateral for F.R. notes: Gold certificates 13,094,000 400,000 4,520,000 750,000 810,000 450,000 485,000 2900,000 270,000 170,000 280,000 259,000 1800,000 Eligible paper 685,603 718 321,045 30,540 — 24,850 — — 28,100 25,400 89,850 — 165,100 U. S. Govt, securities 13,475,000 1300,000 1.400,000 1100,000 1575,000 l400,000 950,000 2000,000 950,000 505,000 750,000 545,000 1000,000 Total collateral 27,254,603 1700,718 6,241,045 1880,540 2385,000 1874,850 1435,000 4900,000 1248,100 700,400 1119,850 804,000 2965,100 1/ After deducting $485,110,000 participation sof other Federa lReserve Banks. 2/ After deducting $6,373,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis