H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOABD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) July 24, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended July 23, Member bank reserves decreased $96 million. The principal changes reducing reserves were increases of $175 million in Treasury deposits with Federal Reserve Banks, $66 million in Foreign deposits with Federal Reserve Banks, and $4 million in Treasury cash holdings. The principal offsetting changes were decreases of $104 million in Money in circulation and $38 million in Other deposits with Federal Reserve Banks, and increases of $3 million in Reserve Bank credit and $2 million in Gold stock. The increase of $3 million in Reserve Bank credit resulted from increases of $100 million in Loans, discounts and advances and $3 million in U. S. Government securities, and a decrease of $99 million in Float. Holdings of U. S. Government securities reflected an increase of $11 million in certificates and a decrease of $8 million in bills. Member Bank Reserves July 23, July 16, July 25 and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,726 + 3 - 331 Loans, discounts and advances 1,078 +100 + 994 Float 871 - 99 - 51 Total 24,674 + 3 + 611 Gold stock 23,350 + 2 +1,591 Treasury currency outstanding 4,756 + 98 -- Money in circulation 28,884 -104 +1,178 Treasury cash holdings 1,275 + 4 - 30 Treasury deposits with F. R. Banks 482 +175 + 58 Foreign deposits with F. R. Banks 7 66 + 66 - 114 Other deposits with F. R. Banks 250 - 38 - 61 Other F. R. accounts (net) 797 + 30 Member bank reserves 20,326 - 96 +1,238 Required reserves (estimated) 19,8*6-^ - 34 +1,370 Excess reserves (estimated) •5*&-^YO\ - 62 - 132 Daily average excess reserves (estimated) 694 -104 - 105 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 23, July 16, July 25, 1952 1952 1951 A S S E TS Gold certificates 21,452,252 + 1,606,849 Redemption fund for F. R. notes 696,979 - 237 + 38,133 Total gold certificate reserves 22,149,231 - 237 + 1,644,982 Other cash 350,112 + 7,039 + 13,186 Discounts and advances 1,073,096 + 99,435 + 995,014 Industrial loans 4,638 - 75 - 1,181 U, S. Government securities: Bills 154,500 „ 8,000 . 393,772 Certificates 11,867,216 + 11,000 + 8,673,424 Notes 5,568,073 ~ — - 7,925,175 Bonds 5,135,823 - 686,279 Total U. S. Government securities 22,725,612 + 3,000 - 331,802 Total loans and securities 23,803,346 + 102,360 + 662,031 Due from foreign banks 23 — — — - 15 F, R. notes of other banks 196,875 + 11,076 + 31,217 Uncollected cash items 3,578,065 *- 594,567 + 328,415 Bank premises 45,678 + 84 + 3,577 Other assets 198,631 + 7,733 + 20,405 TOTAL ASSETS 50,321,961 - 466,512 + 2,703,798 L I A B I L I T I ES Federal Reserve notes 24,749,457 84,183 + 1,147,639 - Deposits: Member bank--reserve accounts 20,326,042 95,966 + 1,238,474 U. S. Treasurer--general account 481,940 •f 174,455 + 58,408 Foreign 765,799 + 65,306 - 113,808 Other 249,711 — 38,688 - 61,027 Total deposits 21,823,492 + 105,107 + 1,122,047 Deferred availability cash items 2,707,351 ~ 495,710 + 379,418 Other liabilities and accrued dividends 14,781 + 1,558 - 2,502 TOTAL LIABILITIES 49,295,081 473,228 + 2,646,602 - C A P I T AL A C C O U N TS Capital paid in 246,115 + 301 + 13,574 Surplus (Section 7) 538,342 — — — + 28,320 Surplus (Section 13b) 27,543 — — — <m m mm Other capital accounts 214,880 + 6,415 + 15,302 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,321,961 - 466,512 + 2,703,798 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 47.6# - -- + 1.356 Contingent liability on acceptances purchased for foreign correspondents 9,138 + 9 18,591 Industrial loan commitments 6,426 - 105 + 2,716 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 23, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 994,207 796 193,500 16 to 90 days 78,829 843 6,986,500 91 days to 1 year 60 2,777 6,461,941 Over 1 year to 5 years 222 5,941,352 Over 5 years to 10 years 1,070,224 Over 10 years 2,072,095 Total 1,073,096 T&B 22,725,612 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 JULY 23, 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 21,452,252 651,156 6,904,505 1213,034 1413,066 890,555 875,848 4359,791 558,059 371,643 827,813 652,158 2733,824 Redemption fund for F. R. notes 696,979 61,896 71,250 54,825 77,850 80,785 47,217 103,586 48,158 24,550 38,226 27,296 61,340 Total gold certificate ~ reserves 22,149,231 713,052 6,975,755 1267,859 1491,716 971,340 923,065 4463,377 606,217 396,193 866,039 679,454 2795,164 Other cash 350,112 27,089 63,264 20,339 30,576 19,264 32,477 63,850 19,891 7,675 12,365 12,360 4o,962 Discounts and advances 1,073*096 4,341 246,260 45,290 110,655 69,715 21,225 297,891 47,065 9,290 105,949 10,570 104,845 Industrial loans 4,638 -- — 3,782 97 661 98 U. S. Govt, securities: Bills 154,500 - 83,181 5,876 9,333 6,321 5,412 19,415 5,068 2,976 4,093 4,285 8,540 Certificates 11,867,216 834,424 2,808,883 740,284 1175,750 796,065 681,712 1685,549 638,368 374,913 515,603 539,867 1075,798 Notes 5,568,073 394,470 1,285,802 349,965 555,827 376,335 322,274 796,836 301,784 177,237 243,748 255,218 508,577 Bonds 5,135,823 363,848 1,185,985 322,797 512,678 347,120 297,256 734,977 278,356 163,478 224,826 235,406 469,096 Total U. S. Government securities— 22,725,612 1592,742 5,363,851 1418,922 2253,588 1525,841 1306,654 3236,777 1223,576 718,604 988,270 1034,776 2062,011 T°securities^" 23,803,346 1597,083 5,610,111 1467,994 2364,243 1595,653 1328,540 3534,668 1270,641 727,992 1094,219 1045,346 2166,856 Due from foreign banks 23 1 l/ 7 2 2 1 1 3 \ ^ \ n F.R.notes of other banks 196,875 5,385 30,732 10,044 8,526 39,606 20,240 20,059 8,716 12,461 9,291 7,576 24,239 Uncollected cash items 3,578,065 402,405 639,126 206,862 291,743 282,595 226,257 560,477 147,906 96,479 199,911 175,221 349,083 Bank premises 45,678 990 7,724 2,950 4,743 4,693 3,574 6,591 3,149 1,067 2,362 1,042 6,793 Other assets 198,631 15,787 45,296 12,162 19,651 13,442 11,950 27,812 10,446 6,112 8,759 9,258 17,956 TOTAL ASSETS 50,321,961 2761,792 13,372,015 2988,212 4211,200 2926,594 2546,104 8676,837 2066,967 1247,980 2192,947 1930,258 5401,055 l/ After deducting $16,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF iHE FEDERAL RESERVE BANKS ON JULY 23, 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 24,749,45? 1532,842 5,^96,118 1749,884 2256,733 1716,310 1334,205 4725,828 1131,247 620,112 979,331 708,065 2498,782 Deposits: Member bank-reserve accts. 20,326,042 876,716 6,554,180 914,691 1531,196 866,862 891,459 3226,481 706,233 468,459 950,174 971,549 2368,042 U.S.Treasurer-general acct . 481,940 30,850 114,651 25,769 22,065 22,806 41,704 55,135 29,778 29,667 31,213 26,240 52,062 Foreign 765,799 47,337 1/232,860 59,553 70,242 38,938 32,830 106,126 29,013 19,851 29,013 29,013 71,023 Other 249,711 7,207 188,974 2,214 3,280 2,181 2,246 1,628 7,399 978 469 735 32,400 Total deposits 21,823,492 962,110 7,090,665 1002,227 1626,783 930,787 968,239 3389,370 772,423 518,955 1010,869 1027,537 2523,527 Deferred avail, cash items 2,707,351 200,667 489,394 157,635 229,916 223,071 195,624 416,732 119,840 79,901 160,827 152,246 281,498 Other liabilities and accrued dividends 14,781 823 4,297 693 1,701 724 680 2,049 583 757 583 642 1,249 TOTAL LIABILITIES 49,295,081 2696,442 13,080,474 2910,439 4115,133 2870,892 2498,748 8533,979 2024,093 1219,725 2151,610 1888,490 5305,056 Capital paid in 246,115 13,187 77,111 17,174 23,615 10,814 10,155 31,849 8,628 5,481 9,312 11,928 26,861 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 214,880 14,960 47,368 14,617 20,798 14,514 12,568 29,979 11,937 7,638 10,521 10,323 19,657 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,321,961 2761,792 13,372,015 2988,212 4211,200 2926,594 2546,104 8676,837 2066,967 1247,980 2192,947 1930,258 5401,055 Contingent liability on acceptances purchased for foreign correspondents 9,138 566 2/2,760 713 841 466 393 1,270 347 238 347 347 850 Industrial loan commitments 6,426 2,000 915 61 2,255 800 395 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,888,480 1591,355 5,790,096 1815,969 2340,691 1817,831 1407,595 4835,913 1180,694 641,001 1016,440 749,837 2701,058 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 598,185 3,411 234,780 44,120 63,850 46,295 8,900 105,379 91,450 U. S. Govt, securities 13,475,000 1300,000 1,400,000 1100,000 1575,000 1400,000 950,000 2000,000 950,000 505,000 750,000 545,000 1000,000 Total collateral 27,167,185 1703,411 6,154,780 1894,120 2385,000 1913,850 1435,000 4900,000 1266,295 683,900 1135,379 804,000 2891,450 l/ After deducting $532,923,000 participations of other Federal Reserve Banks. 2/ After deducting $6,378,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve BAa nk of St. Louis