H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) August 7, 1952. CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 6, Member bank reserves decreased $149 million. The principal changes reducing reserves were a decrease of $467 million in Reserve Bank credit and an increase of $89 million in Money in circulation. The principal offsetting changes were decreases of $335 million in Treasury deposits with Federal Reserve Banks and $58 million in Foreign deposits with Federal Reserve Banks. The decrease of $467 million in Reserve Bank credit resulted from decreases of $561 million in Loans, discounts and advances and $39 million in Float, and an increase of $133 million in U. S. Government securities. Holdings of U. S. Government securities reflected increases of $185 million in bills and $27 million in bonds, and a decrease of $79 million in certificates. Change since Member Bank Reserves August 6, July 30, August 8, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,977 +133 - 141 Loans, discounts and advances 847 -561 + 641 Float 616 - 39 - 106 Total 24,440 -467 + 394 Gold stock 23,350 -- +1,591 Treasury currency outstanding 4,763 + 2 + 98 Money in circulation 29,041 + 89 +1,137 Treasury cash holdings 1,279 - 7 - 19 Treasury deposits with F. R. Banks + 67 270 -335 Foreign deposits with F. R. Banks 727 - 58 - 144 Other deposits with F. R. Banks 255 - 2 + 110 Other F. R. accounts (net) 722 - 2 + 2 Member bank reserves 20,260 -149 + 932 Required reserves (estimated) 19,653/15 -121 +1,210 Excess reserves (estimated) '609% - 28 - 278 Daily average excess reserves (estimated) 662 + 30 112 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) Aug. 6, July 30, Aug. 0, 1952 1952 1951 A S S ET S Gold certificates 21,457,253 + 5,001 + 1,605,852 , notes 696,404 + 2,312 + 27,864 reserves 22,153,657 + 7,313 + 1,633,716 Other cash 338,390 11,595 + 9,474 Discounts and advances 842,582 - 560,653 + 642,227 Industrial loans 269 4,459 1,416 U. S. Government securities: Bills 384,400 185,000 - 215,092 Certificates 11,860,716 79,500 + 7,002,441 Notes 5,568,073 - 6,270,392 Bonds 5,^3,423 27,600 - 656,679 Total U. S. Government securities 22,976,612 + 133,100 2. 141,722 Total loans and securities - 427,822 + 23,823,653 499,089 Due from foreign banks 23 15 F. R. notes of other banks 181,907 11,487 + 34,899 Uncollected cash items 3,202,003 65,693 + 193,192 Bank premises 45,216 3 + 3,029 Other assets 215,962 8,947 + 44,362 TOTAL ASSETS 49,960,811 500,340 + 2,417,746 L I A B I L I T I ES Federal Reserve notes 24,880,441 + 63,177 + 1,106,295 Deposits: .Member bank--reserve accounts 20,259,509 - 149,035 + 931,734 U. S, Treasurer—general account 269,922 - 335,161 + .66,472 Foreign 726,628 58,018 143,994 Other 255,071 1,818 + 109,575 Total deposits 21,511,130 - 544,032 + 963,787 Deferred availability cash items 2,586,111 26,283 + 298,811 Other liabilities and accrued dividends 1^935 + 358 173 TOTAL LIABILITIES 48,992,1)17 - 506,780 + 2,369,066 C A P I T AL A C C O U N TS Capital paid in 246,288 101 + 13,611 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 156,021 + 6,339 + 6,749 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,960,811 -500,340 + 2,417,746 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 47.856 1.5$ Contingent liability on acceptances purchased for foreign correspondents 9,093 3 - 14,984 Industrial loan commitments 6,107 21 + 2,425 MATURITY'DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 6, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 746,230 655 217,200 16 to 90 days 96,292 1,103 7,184,700 91 days to 1 year 60 2,481 6,491,041 Over 1 year to 5 years 220 5,941,352 Over 5 years to 10 years 1,070,224 Over 10 years 2,072,095 Digitized for FRA T S o ER t al 842,582 " i TW 22,976,612 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

-H.-4.lXb) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH AUGUST 6, 1952 (In thousemds of dollars) A S S E TS Total Boston New York Phila. Ci.eve» Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 1180,891 881,886 367,821 856,450 650,094 2827 613 Gold certificates 21,457,253 732,372 6,588,248 1383,176 911,972 4531,712 545,018 Redemption fund for F. R. notes 696,404 61,553 70,402 54,l8l 77.395 78.943 SI.828 KR.IPft kA„no6 pk <nk lA 199 07 ioft no Total gold certificate reserves 22,153,657 793,925 6,658,650 1235,072 1460,571 990,915 933,714 4634,840 593,044 392,325 894,583 677,292 2888,726 Other cash 338,390 29,679 55,710 19,878 33,037 16,877 32,407 63,708 19,180 9,051 10,806 10,870 37,187 Discounts and advances 842,582 29,026 305,975 53,565 67,020 43,740 11,995 118,258 56,990 8,390 72,952 23,070 51,601 Industrial loans 4,459 3,650 96 618 95 U. S. Govt, securities: Bills 384,400 25,961 102,992 22,997 36,525 24,731 21,178 52,328 19,831 11,647 16,017 16,772 33,421 Certificates 11,860,716 836,776 2,790,345 741,259 1177,296 797,114 682,609 1686,631 639,208 375,406 516,282 540,576 1077,214 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 5,163,423 366,350 1,192,312 324,531 515,434 348,985 298,854 738,426 279,852 164,357 226,034 236,671 471,617 Total U, S, Government securities 22,976,612 1624,147 5,371,401 1438,752 2285,082 1547,165 1324,915 3273,681 1240,675 728,647 1002,081 1049,237 2090,829 Total loans and ' ' ' ' 1 '— 23,823,653 1072,307 securities 1653,173 5,677,376 1495,967 2352,102 1591,001 1337,528 3391,939 1297,665 737,132 1075,033 2142,430 Due from foreign banks 23 1 1/ 7 2 2 11 3 1 1 \ 1 2 181,907 4,781 23,806 16,131 16,700 17,260 9,739 7,057 F.R.notes of other banks 7,757 8,463 38,201 7,641 24,371 263,096 606,206 93,167 323,869 Uncollected cash items 3,202,003 199,791 274,114 262,232 212,209 500,352 139,743 184,851 142,373 45,216 985 636 Bank premises 7,706 2,950 4,733 4,737 3,572 6,564 3,129 1,064 2,346 6,794 Other assets 215,962 17,211 48,319 13,347 21,831 14,693 12,907 30,327 11,334 6,688 9,526 10,262 19,517 2762,851 2918,657 1256,688 2186,885 1920,798 5442,896 TOTAL ASSETS 49,96o,8ll 13,077,780 2974,764 4154,853 2548,469 8644,433 2071,737 1/ After deducting $16,000 participations of other Federal Reserve B^nks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.,+.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OK AUGUST 6, 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 24,880,441 1532,162 5,501,410 1751,307 2257,019 1728,623 1359,683 4741,689 1139,669 624,495 991,184 722,497 2530,703 Deposits: Member bank-reserve accts. 20,259#509 884,543 6,402,938 905,361 1493,890 861,187 917,850 3242,842 714,129 476,960 943,006 995,828 2420,975 U.S.Treasurer-general acct. 269,922 22,399 22,045 20,824 13,387 23,248 16,729 38,230 13,644 29,602 23,758 18,351 27,705 Foreign 726,628 43,660 1/235,078 54,928 64,786 35,914 30,281 97,884 26,760 18,309 26,760 26,760 65,508 2,002 Other 255,071 3,982 8,348 1,977 978 Total deposits 21,511,130 954,584 6,850,107 982,620 1575,858 926,724 966,484 3381,315 762,881 526,873 995,501 1041,917 2546,266 Deferred avail, cash items 2,586,111 213,848 444,127 165,897 229,981 210,695 177,665 384,692 128,878 78,382 160,987 116,752 227744,,220077 Other liabilities and accrued dividends 14,935 1,084 3,908 720 1,751 777 721 2,370 684 576 594 571 1,179 TOTAL LIABILITIES 48,992,617 2701,678 12,799,552 2900,544 4064,609 2866,819 2504,553 8510,066 2032,112 1230,326 2148,266 1881,737 5352,355 Capital paid in 246,288 13,187 77,115 17,186 23,692 10,817 10,179 31,862 8,633 5,470 9,316 11,942 26,889 Surplus (Section J) 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 2,140 Other capital accounts 156,021 10,783 34,051 11,052 14,898 10,647 9,104 21,475 8,683 5,756 7,799 7,602 14,171 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,960,811 2762,851 13,077,780 2974,764 4154,853 2918,657 2548,469 8644,433 2071,737 1256,688 2186,885 1920,798 5442,896 Contingent liability on acceptances purchased for foreign correspondents 9,093 564 2/2,746 709 836 464 391 1,264 346 236 346 346 845 Industrial loan commitments 6,107 1,903 718 61 2,243 794 388 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,801,439 1581,997 5,768,359 1796,068 2333,285 1805,272 1411,528 4836,114 1175,213 639,761 1017,693 756,689 2679,460 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 597,465 28,096 298,145 52,395 — 41,375 56,220 8,000 72,328 --- 40,906 U. S. Govt, securities 13,475,000 1300,000 l,4oo,ooo 1100,000 1575,000 1400,000 950,000 2000,000 950,000 505,000 750,000 545,000 1000,000 Total collateral 27,166,465 1728,096 6,218,145 1902,395 2385,000 1891,375 1435,000 4900,000 1276,220 683,000 1102,328 804,000 2840,906 l/ After deducting $491,532,000 participations of other Federal Reserve Banks. 2/ After deducting $6,347,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis