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 28, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 2?, Member bank reserves decreased $470 million. The principal changes reducing reserves were a decrease of $207 million in Reserve Bank credit and increases of $l8l million in Treasury deposits with Federal Reserve Banks, $6l million in Money in circulation, $17 million in Other deposits with Federal Reserve Banks, and $10 million in Foreign deposits with Federal Reserve Banks. The decrease of $207 million in Reserve Bank credit resulted from decreases of $185 million in Float and $8l million in Loans, discounts and advances, and an increase of $60 million in U. S. Government securities, The change in U. S. Government securities reflected increases of $37 million in certificates and $23 million in bills. Change since Member Bank Reserves August 27, August 20, August 29, and Related Items 1952 1952 19/1 (In millions of dollars) Reserve Bank credit: U. S. Government securities 23,092 + 60 + 26 Loans, discounts and advances 902 - 81 + 619 Float 610 -185 42 Total 24,603 -207 + 602 Gold stock 23,344 +l,f+- " - Treasury currency outstanding 4,768 + 2 + 100 Money in circulation 29,129 + 61 +1,095 Treasury cash holdings 1,276 - 5 r :5 Treasury deposits with F. R. Banks 707 +181 + 150 Foreign deposits with F. R. Banks 849 + 10 + 65 Other deposits with F; R. Banks 235 + 17 + 20 Other F. R. accounts (net) 721 + 4 Member bank reserves 19,797 -470 + 926 Required reserves (estimated) 19,645-3 + 28 +1,16: Excess reserves (estimated) 15S-4 -498 - 234 Daily average excess reserves (estimated) 571 -140 + 6 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 itUg. 27, Aug. 20, Aug, 29, 1952 1952 1951 A S S E TS . Gold certificates 21,450,503. 2,998 + 1,554,324 Redemption fund for F. R. notes 696,253 + 1,015 + 31,042 Total gold certificate reserves 22,l56,75£ 1,983 + 1,5857355 - Other cash 345,629 544 + 15,924 Discounts and advances 897,031 - 81,967 + 619,153 Industrial loans 4,474 8 1,132 - U. S. Government securities: Bills 397,500 + 22,500 . 159,092 Certificates 11,890,216 37,000 + 7,041,641 Notes 5,568,073 - - - - 6,270,392 Bonds 5,235,823 — — — - 586,279 Total U. S. Government securities 23,091,612 + 59,500 + 25,878 Total loans and securities 23,993,117 - 22,475 + 643,899 Due from foreign banks 23 <r — — - 15 F. R. notes of other banks 180,662 - 2,176 + 24,687 Uncollected cash items 3,221,074 - 521,326 + 202,789 Bank premises 45,324 - 110 3,068 Other assets 238,756 + 7,697 + 45,550 TOTAL ASSETS 539,529 + 2,521,268 L I A B I L I T IE _S Federal Reserve notes 24,966,441 50,383 + 1,063,123 Deposits: Member bank--reserve accounts 19,796,525 - 470,491 925,835 U. S. Treasurer--general account 707,038 + 181,057 + 150,096 Foreign 849,147 + 9,986 + 64,706 Other 235,317 + 17,432 + 19,942 Total deposits 21,588,027 — 262,016 + 1,160,579 Deferred availability cash items 2,611,490 336,261 + 245,022 - Other liabilities and accrued dividends 17,573 + 1,690 1,855 TOTAL LIABILITIES 49,183,531 546,204 + 2,470,579 - C A P I T AL A C C 0 U N T S Capital paid in 246,398 + 14 + 13,466 Surplus (Section 7) 538,342 + 28,320 — — — Surplus (Section 13b) 27,543 - - - Other capital accounts 175,527 + 6,361 + 8,903 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,171,341 539,829 + 2,521,268 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 47.6$ + .2$ 1.256 Contingent liability on acceptances purchased for foreign correpondents 9,102 • - 34 14,170 Industrial loan commitments 6,295 + 18 •f 2,253 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 27, 19$2 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 770,649 734 52,700 16 to 90 days 126,346 865 7,159,300 91 days to 1 year 36 2,414 6,795,941 Over 1 year to 5 years 46l 5,941,352 Over 5 years to 10 years 1,070,224 Over 10 years 2,072,095 Total 897,031 4,474 23,091,612 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

K.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 27, 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 21,450,503 721,239 6,665,326 1175,557 1406,329 921,178 841,308 4566,322 528,197 356,175 848,131 646,451 2774,290 Redemption fund for F. R. notes 696,253 61,225 69,053 55,588 80,657 76,446 51,496 102,624 47,846 24,453 37,999 28,071 60 795 — ? v 1 •*- wv j f J/ y Total gold certificate reserves 22,146,756 782,464 6,734,379 1231,145 1486,986 997,624 892,804 4668,946 576,043 380,628 886,130 674,522 2835,085 Other cash 345,629 30,593 65,647 18,235 31,638 19,475 28,434 62,612 18,192 8,125 12,395 11,266 39,017 Discounts and advances 897,031 28,388 187,063 102,887 80,399 71,492 20,650 154,343 81,932 9,374 74,011 32,187 54,305 Industrial loans 4,474 3,735 82 562 95 U. S. Govt, securities: Bills 397,500 28,204 91,789 24,983 39,680 26,866 23,007 60,735 17,656 12,653 17,401 18,219 36,307 Certificates 11,890,216 840,997 2,774,085 744,998 1183,236 801,135 686,053 1695,140 642,433 377,299 518,887 543,305 1082,648 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 5,235,823 371,487 1,209,030 329,082 522,661 353,879 303,044 748,780 283,776 166,662 229,203 239,989 478,230 Total U. S. Government securities 23,091,612 1635,748 5,360,656 1449,028 2301,404 1558,215 1334,378 3300,951 1245,649 733,851 1009,239 1056,731 2105,762 Total loans, ang. • — —— —— Securities 23,993,117 1664,136 5,547,719 1555,650 2381,803 1629,789 1355,590 3455,294 1327,581 743,320 1083,250 1088,918 2160,067 Due from foreign banks 23 1 1/ 7 2 2 1 1 3 1 I s T ' ^ - fl -111II if @ -SI -i x @ II # -s g T0T..L ASSETS 50,171,341 2735,033 13,007,729 3032,726 4219,949 2967,218 2522,431 8755,785 2079,401 1262,745 2191,226 1991,056 5406,042 l/ niter 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 AUGUST 27, 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 24,966,441 1529,739 5,517,805 1756,512 2278,554 1758,961 1354,198 4757,187 1139,402 626,324 990,317 725,446 2531,996 Deposits: Member bank-reserve accts. 19,796,525 828,898 6,133,248 925,282 1482,362 844,926 870,009 3249,622 715,300 465,963 934,623 1000,581 2345,711 U.S.Treasurer-general acct , 707,038 48,743 173,138 43,070 57,953 39,373 42,288 95,728 35,970 37,760 42,441 34,753 55,821 Foreign 849,147 51,348 1/271,045 64,600 76,194 42,238 35,613 115,120 31,472 21,533 31,472 31,472 77,040 Other 235,317 4,234 175,730 l,86o 3,119 3,937 1,600 1,941 7,882 1,628 177 456 32,753 Total deposits 21,588,027 933,223 6,753,161 1034,812 1619,628 .930,474 949,510 3462,411 790,624 526,884 1008,713 1067,262 2511,325 Deferred avail, cash items 2,611,490 208,677 447,766 165,130 227,828 223,776 172,887 396,853 108,109 82,008 151,982 157,633 268,841 Other liabilities and accrued dividends 17,573 848 6.340 779 1,741 863 861 2,198 512 549 731 777 1,374 TOTAL LIABILITIES 49,183,531 2672,487 12,725,072 2957,233 4127,751 2914,074 2477,456 8618,649 2038,647 1235,765 2151,743 1951,118 5313,536 Capital paid in 246,398 13,193 77,147 17,190 23,696 10,821 10,186 31,881 8,640 5,470 9,325 11,950 26,899 Surplus (Section 7) 538,342 34,192 159,7^3 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 10,156 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,171,341 2735,033 13,007,729 3032,726 4219,949 2967,218 2522,431 8755,785 2079,401 1262,745 2191,226 1991,056 5406,042 Contingent liability on acceptances purchased for foreign correspondents 9,102 564 2/2,749 710 837 464 391 1,265 346 237 346 346 847 Industrial loan commitments 6,295 - - - 2,111 700 6l — 2,241 - - - " - 794 -- - 388 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,955,218 1589,320 5,781,451 1804,341 2341,256 1837,290 1419,989 4858,400 1189,404 640,645 1024,494 769,537 2699,091 Collateral for F.R. notes: Gold certificates 13,139,000 400,000 4,520,000 750,000 735,000 470,000 485,000 2900,000 270,000 170,000 280,000 259,000 1900,000 Eligible paper 553,926 26,125 169,230 100,o4o —- 67,080 80,345 8,425 72,570 — 30,111 U. S. Govt, securities 13,550,000 1300,000 1,400,000 1100,000 1650,000 1400,000 950,000 2000,000 950,000 505,000 750,000 545,000 1000,000 Total collateral 27,242,926 1726,125 6,089,230 1950,040 2385,000 1937,080 1435,000 4900,000 1300,345 683,425 1102,570 804,000 2930,111 l/ After deducting $578,083,000 participations of other Federal Reserve Banks, 2/ After deducting $6,353,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis