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 31# 1952 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended July 30, Member ban kreserves Increased $83 million. The principal changes supplying reserves were an increase of $233 million in Reserve Bank credit and a decrease of $73 millio nin Other F, R. account s(net). The principal offsetting changes were increases of $123 million in Treasury deposits with Federal Reserve Banks, $68 million in Money in circulation, $19 million in Foreign deposits with Federal Reserve Banks, and $11 million in Treasury cash holdings. The increase of $233 million in Reserve Bank credit resulted from increases of $330 million in Loans, discounts and advances and $118 million in U. S. Government securities, and a decrease of $216 million in Float. Holdings of U. S. Government securities reflected" increases of $73 millio nin certificates and $45 million in bills. Change since Member Bank Reserves July 30, July 23, August 1, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,844 +118 - 237 Loans, discounts and advances 1,408 +330 + 994 Float 655 -216 - 133 Total 24,907 +233 + 625 Gold stock 23,350 - - +1,. 591 Treasury currency outstanding 4,761 + 5 + 98 Money in circulation 28,952 + 68 +1,1 10 Treasury cash holdings 1,286 + 11 22 Treasury deposits with F. R. Banks 605 +123 + 48 Foreign deposits with F. R. Banks 785 + 19 - 43 Other deposits with F. R. Banks 257 + 7 - 90 Other F. R, account s(net) 724 - 73 + 2 Member bank reserves 20,409 + 83 +1,3 10 Required reserves (estimated) 19,TT^ - 38 +1,3 42 Excess reserves (estimated) +121 32 Daily average excess reserves (estimated) 632 - 62 + 26 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 30, July 23, Aug. 1 1952 1952 1951 A S S E TS Gold certificates 21,452,252 - -— + 1,608,849 Redemption fund for F. R. notes 694,092 - 2,887 + 33,453 Total gold certificate reserves 22,146,344 2,887 + 1,642,302 - Other cash 349,985 127 + 7,358 - Discounts and advances 1,403,235 + 330,139 + 995,264 Industrial Loans 4,728 + 90 1,165 - U. S. Government securities: Bills 199,400 + 44,900 - 369,192 Certificates 11,940,216 + 73,000 + 7,088,541 Notes 5,568,073 - - - - 6,270,392 Bonds 5,135,823 686,279 - Total U. S. Government securities 22,843,512 + 117,900 - 237,322 Total loans and securities 24,251,475 + 448,129 + 756,777 Due from foreign banks 23 15 - F. R. notes of other banks 193,394 - 3,481 + 38,555 Uncollected cash items 3,267,696 - 310,369 + 73,823 Bank premises 45,219 - 459 + 3,246 Other assets 207,015 + 8,384 + 43,654 TOTAL ASSETS 50,461,151 + 139,190 + 2,565,700 L I A B I L I T I ES Federal Reserve notes 24,817,264 + 67,807 + 11,,008877,,337777 Deposits: Member bank—reserve accounts 20,408,544 + 82,502 + 1,309,697 U. S. Treasurer--general account 605,083 > 123,143 + 47,616 Foreign 784,646 + 18,847 - 43,823 Other 256,889 + 7,178 - 90,558 Total deposits 22,055,162 + 231,670 + 1,222,932 Deferred availability cash items 2,612,394 - 94,957 + 206,203 Other liabilities and accrued dividends 14,577 - 204 + 895 TOTAL LIABILITIES 49,499,397 + 204,316 + 2,517,407 C A P I T AL A C C O U N TS Capital paid in 246,187 + 72 + 13,621 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 mm mm Other capital accounts 149,682 - 65,198 + 6,352 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,461,151 + 139,190 + 2,565,700 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 47.2% - ..44## + 11..225566 Contingent liability on acceptances purchased for foreign correspondents 9,096 - 42 - 16,050 Industrial loan commitments 6,086 - 340 + 2,273 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 30, 1952 (Callable Government securities classified according to nearest cal ldate) Discounts and Industrial U. S. Government advances loans securities Within 15 days 1,321,845 660 324,400 16 to 90 days 81,330 845 6,956,500 91 days to 1 year 60 3,003 6,478,941 Over 1 year to 5 years 220 5,941,352 Over 5 years to 10 years 1,070,224 Over 10 years 2,072,09? Digitized for FRATSoERt al 1,403,235 4,728 22,843,512 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS OK JULY 30, 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 21,4)2,252 674,752 6,760,514 1107,340 1418,148 885,746 867,280 4517,775/ 560,344- 345,086 830,021 652,838 2752,468 Redemption fund for R. notes 694,092 61,696 70,849 54,455 77,581 79,96? 47,042 103,312 48,073 24,521 38,170 27,237 61,189 Total gold certificate reserves 22,146,344 736,448 6,831,363 1241,795 1495,729 965,713 914,322 4621,087 608,417 369,547 868,191 680,075 2813,657 Other cash 349,985 29,372 6l,4o8 19,577 34,022 18,419 31,237 64,591 20,096 8,486 11,909 11,564 39,304 Discounts and advances 1,403,235 15,916 451,370 96,180 109,455 78,615 28,945 303,933 58,145 26,630 92,625 19,220 122,201 Industrial loans 4,728 —— — —' 3,923 — 91 618 —» 9966 U. S. Govt, securities: Bills 199,400 107,701 7,542 11,978 8,111 6,946 25,085 6,504 3,820 5,253 5,499 10,961 Certificates 11,940,216 833,778 2,881,883 740,284 1175,750 796,065 681,712 1686,195 638,368 374,913 515,603 539,867 1075,798 Notes 5,568,073 394,164 1,285,802 349,965 555,827 376,335 322,274 797,142 301,784 177,237 243,748 255,218 508,577 Bonds 5,135,823 363,565 1,185,985 322,797 512,678 347,120 297,256 735,260 278,356 163,478 224,826 235,406 469,096 Total U. S. Government securities 22,843,512 1591,507 5,461,371 1420,588 2256,233 1527,631 1308,188 3243,682 1225,012 719,448 989,430 1035,990 2064,432 Total loans and securities 24,251,475 1607,423 5,912,741 1520,691 2365,688 1606,337 1337,751 3547,615 1283,157 746,174 1082,055 1055,210 2186,633 Due from foreign banks 23 l 1/ 7 2 2 l l 3 1 1 1 l 2 F.R.notes of other banks 193,394 3,668 26,055 7,879 8,768 41,541 21,217 17,676 6,797 14,753 8,984 8,880 27,176 Uncollected cash items 3,267,696 342,883 579,874 200,281 276,761 260,675 201,407 513,961 130,553 91,655 179,825 170,847 318,974 Bank premises 45,219 985 7,724 2,950 4,733 4,725 3,572 6,565 3,129 1,064 2,362 640 6,770 Other assets 207,015 16,674 46,056 12,708 20,682 14,291 12,366 29,076 10,919 6,380 9,lf0 9,974 18,729 TOTAL ASSETS 50,461,151 2737,454 13,465,228 3005,883 4206,385 2911,702 2521,873 8800,574 2063,069 1238,060 2162,487 1937,191 5411,245 l/ After deducting $16,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.4.1(c) STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON JULY 30 ,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 24,817,264 1530,517 5,497,711 1748,515 2253,609 1726,892 1354,504 4732,372 1136,202 617,245 985,990 721,534 2512,173 Deposits: Member bank-reserve accts. 20,408,544 853,885 6,658,759 911,449 1486,253 844,354 876,077 3322,742 700,937 465,657 924,630 982,241 2381,560 U.S.Treasurer-general acct. 605,083 21,324 131,953 48,007 48,516 37,66o 39,099 96,164 41,869 29,597 37,530 19,068 54,296 Foreign 784,646 47,070 1/254,706 59,218 69,846 38,719 32,646 105,529 28,850 19,739 28,850 28,850 70,623 Other 193,874 2,404 " " * 1,958 1,947 8,595 333 737 31,368 Total deposits 22,055,162 929,014 7,239,292 1021,078 1608,258 923,834 949,780 3526,382 780,251 517,187 991,343 1030,896 2537,847 Deferred avail, cash items 2,612,394 216,258 447,725 161,875 253,407 208,756 173,261 406,320 106,635 76,904 146,192 145,255 269,806 Other liabilities and accrued dividends 14,577 934 3,797 647 1,593 825 772 2,051 640 518 638 720 1,442 TOTAL LIABILITIES 49,499,397 2676,723 13,188,525 2932,115 4116,867 2860,307 2478,317 8667,125 2023,728 1211,854 2124,163 1898,405 5321,26a Capital paid in 246,187 13,187 77,113 17,177 23,636 10,817 10,176 31,852 8,630 5,481 9,313 11,936 26,869 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 149,682 10,341 32,528 10,609 14,228 10,204 8,747 20,567 8,402 5,589 7,507 7,333 13,627 TOTAL LIABILITIES AND - CAPITAL ACCOUNTS 50,461,151 2737,454 13,465,228 3005,883 4206,385 2911,702 2521,873 8800,574 2063,069 1238,060 2162,487 1937,191 5^11,245 Contingent liability on acceptances purchased for foreign correspondents 9,096 564 2/2,745 710 837 464 391 1,265 346 236 346 346 846 Industial loan commitments 6,086 1,660 915 61 2,255 800 395 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,804,625 1583,345 5,767,241 1804,332 2326,702 1810,897 l4lo,46o 4829,003 1176,762 639,142 1016,734 752,850 2687,157 Collateral for F.R, notes: Gold certificates 13,094,000 400,000 4,520,000 750,000 881100,,000000 445500,,000000 485,000 2900,000 270,000 170,000 280,000 259,000 1800,000 Eligible paper 922,158 14,986 443,690 95,010 —- 76,450 57,375 26,240 91,401 — 117,006 U. S. Govt, securities 13,475,000 1300,000 1,400,000 1100,000 1575,000 1400,000 50.000 2000,000 950,000 505,000 750,000 545,000 1000,000 Total collateral 27,491,158 1714,986 6,363,690 1945,010 2385,000 1926,450 1435,000 4900,000 1277,375 701,240 1121,401 804,000 2917,006 l/ After deducting $529,921,000 participations of other Federa lReserve Banks. 2/ After deducting $6,351,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis