H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) September 4, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended September 3, Member bank reserves decreased $37 million. The principal changes reducing reserves were increases of $262 million in Money in circulation and $16 million in Other deposit swith Federal Reserve Banks. The principal offsetting changes were an increase of $213 million in Reserve Bank credit and a decrease of $34 million in Foreign deposits with Federal Reserve Banks. - A i^crease of $213 million in Reserve Bank credit resulted from increases 0n of $90 million in U. S. Government securities, $?1 million in Loans, discounts and advances, and $51 million in Float. Holdings of U. S. Government securities reflected increases of $82 million in bills and $8 million in certificates. Change since Member Bank Reserves Sept. 3 August 27, •Sept. 5 and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 23,182 + 90 + 103 Loans, discounts and advances 973 + 71 + 725 Float 66l + 51 - 17 Total 24,816 +213 + 810 Gold stock 23,344 - — +1,490 Treasury currency outstanding 4,774 + 6 + 102 Money in circulation 29,391 +262 +1,129 Treasury cash holdings 1,285 + 9 - 14 Treasury deposits with F. R. Banks 715 + 8 + 307 Foreign deposits with F. R. Banks 815 - 34 + 34 Other deposits with F. R. Banks 251 + 16 + 10 Other F. R. accounts (net) 717 - 4 + 3 Member bank reserves 19,760 - 37 + 935 Required reserves (estimated) 19,518-* -127 +1,112 Excess reserves (estimated) 24S>^ + 90 - 177 Daily average excess reserves (estimated) + 6 577 - 47 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 Sept. 3, Aug. 27, Sept. 5, 1952 1952 1951 A S S E TS Gold certificates 21,448,501 2,002 + 1,512,321 Redemption fund for F. R. notes 698,253 + 2,000 + 23,274 Total gold certificate reserves 22,146,754 - 2 + 1,535,595 Other cash 314,836 - 30,793 + 15,363 Discounts and advances 968,053 + 71,022 + 725,266 Industrial loans 4,732 + 258 830 - U. S. Government securities: Bills 48o,100 + 82,600 87,742 Certificates 11,897,916 + 7,700 + 7,047,341 Notes 5,568,073 - - - 6,270,392 Bonds 5,235,823 — — — - 586,279 Total U. S. Government securities 23,181,912 + 90,300 + 102,928 Total loans and securities 24,154,697 + 161,580 + 827,364 Due from foreign banks ~ 23 - - - - 15 F. R. notes of other banks 181,559 + 897 + 32,175 Uncollected cash items 3,321,496 + 100,422 + 267,955 Bank premises 45,284 - 40 + 3,067 Other assets 248,613 + 9,857 + 46,867 TOTAL ASSETS 50,413,262 + 241,921 + 2,728,371 L I A B I L I T I ES Federal Reserve notes 25,200,462 + 234,021 + 1,104,479 Deposits: Member bank--reserve accounts 19,760,286 36,239 + 934,931 U, S. Treasurer--general account 715,413 + 8,375 + 307,603 Foreign 814,734 - 34,413 + 33,708 Other 250,662 + 15,345 + 9,379 Total deposits 21,541,095 - 46,932 + 1,285,621 Deferred availability cash items 2,660,530 + 49,040 + 285,228 Other liabilities and accrued dividends 16,444 1,129 + 1,042 TOTAL LIABILITIES 49,418,531 + 235,000 + 2,676,370 C A P I T AL A C C O U N TS Capital paid in 246,415 + 17 + 13,283 Surplus (Section 7) 538,342 + 28,320 — — — Surplus (Section 13b) 27,543 m* mm —> Other capital accounts 182,431 + 6,904 + 10,398 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,413,262 + 241,921 + 2,728,371 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 47.4% .2% + • 9lo - Contingent liability on acceptances purchased for foreign correspondents 9,080 22 15,136 Industrial loan commitments 6,048 247 + 70 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 3, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 872,600 650 65,800 l6 to 90 days 95,430 812 7,236,500 91 days to 1 year 23 2,851 6,795,9*+! Over 1 year to 5 years 419 5,941,352 Over 5 years to 10 years 1,070,224 Over 10 years 2,072,095 Total "955,053 ?,732 237THl,912 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4,1(b) STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON SEPTEMBER 3, 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 21,446,501 675,493 6,564,675 Hod, 1881 416,606 961,746 865,706 4512,016 536,156 351,800 887700,,777777 647,245 2858,088 Redemption fund for F. R. notes 698,253 61,225 69,053 55,588 82,657 76,446 51,496 102,624 47,846 24,453 37,999 28,071 60,795 Total gold certificate reserves 22,146,754 736,723 6,633,728 1243,776 1499,263 1038,192 917,202 46l4,64o 584,002 376,253 908,776 675,316 2918,883 Other cash 314,836 29,667 53,502 17,134 27,646 18,790 25,326 59,518 15,977 7,608 11,891 10,808 36,969 Discounts and advances 968,053 25,238 328,338 71,547 79,403 39,651 30,525 190,473 94,507 11,849 32,605 28,687 35,230 Industrial loans 4,732 -- -- 3,991 — — 79 569 — — — mm 9933 mmm U. S. Govt, securities: Bills 480,100 32,567 127,090 28,849 45,819 31,023 26,567 70,296 8,967 14,611 '20,093 21,038 53,180 Certificates 11,897,916 840,997 2,781,785 744,998 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 23,181,912 1640,111 5,403,657 1452,894 ;2 307,543 1562,372 1337,938 3310,512 1236,960 735,809 1011,931 1059,550 2122,635 securities 24,154,697 1665,349 5,731,995 1528,432 2386,946 1602,102 1369,032 3500,985 1331,467 747,751 1044,536 1088,237 2157,865 Due from foreign banks 23 l l/ 7 2 2 1 1 3 1 1 11 2 F.R.notes of other bank s181,559 3,170 23,434 7,068 7,262 27,972 20,702 16,958 8,074 23,501 9,679 7,137 26,602 Uncollected cash items 3,321,496 262,137 660,860 219,819 299,232 277,992 219,953 504,153 142,271 101,608 179,372 158,706 295,393 Bank premises 45,284 980 7,716 2,958 4,720 4,720 3,665 6,619 3,109 1,062 2,331 632 6,772 Other assets 248,613 19,839 55,991 15,347 24,930 16,732 14,746 35,130 13,047 7,736 10,940 11,717 22,458 TOTAL ASSETS 50,413,262 2717,866 13,167,233 3034,536 4250,001 2986,501 2570,627 8738,006 2097,948 1265,520 2167,526 1952,554 5464,944 l/ After deducting $16,000 participation sof 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 SEPTEMBER 3, 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 25,200,462 1539,757 5,554,558 1767,744 2290,095 1785,709 1379,664 4780,668 1151,926 632,565 1000,861 741,591 2575,324 Deposits: Member bank-reserve accts. 19,760,286 800,001 6,202,005 904,507 1496,464 812,493 878,042 3208,590 701,998 460,994 927,601 976,422 2391,169 U.S.Treasurer-general acct 715,413 35,238 145,109 43,469 71,034 54,777 49,290 135,849 41,924 38,922 23,834 31,309 44,658 Foreign 814,734 49,507 1/257,363 62,283 73,462 40,724 34,336 110,991 30,343 20,761 30,343 30,343 74,278 Other 250,662 X.R6Q s.sRi Total deposits 21,541,095 889,187 6,782,770 1012,128 1646,025 913,575 963,567 3458,620 784,450 522,642 983,110 1038,829 2546,192 Deferred avail, cash items 2,660,530 225,033 540,221 177,918 219,122 232,883 181,232 358,239 119,942 82,339 143,210 131,287 249,104 Other liabilities and accrued dividends 16,444 868 5,138 858 1,854 751 719 2,393 606 831 573 616 1,237 TOTAL LIABILITIES 49,418,531 2654,845 12,882,687 2958,648 4157,096 2932,918 2525,162 8599,920 2056,924 1238,377 2127,754 1912,323 5371,857 Capital paid in 246,415 13,196 77,179 17,190 23,700 10,823 10,189 31,882 8,610 5,471 9,325 11,951 26,899 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 182,431 12,622 40,305 12,716 17,551 12,386 10,623 25,174 10,105 6,536 8,943 8,763 16,707 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,413,262 2717,866 13,167,233 3034,536 4250,001 2986,501 2570,627 6738,006 2097,948 1265,520 2167,526 1952,554 5464,944 Contingent liability on acceptances purchased for foreign correspondents 9,080 563 2/2,742 708 835 463 391 1,262 345 236 345 345 845 Industrial loan commitments 6,048 1,873 698 61 2,241 787 388 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,054,251 1595,064 5,768,055 1811,141 2362,215 1850,776 1435,312 4869,262 1194,118 645,198 1030,700 774,478 2717,932 Collateral for F.R. notes: Gold certificates 13,164,000 400,000 4,520,000 750,000 73753,50,00000 470,000 510,000 2900,000 270,000 170,000 280,000 259,000 1900,000 Eligible paper 600,900 22,975 310,865 68,700 —- 36,540 —- — 92,920 10,900 31,164 26,836 U. S. Govt, securities 13,550,000 .1L3J0V0V,/0)0W0V x1,,t4w0u0,,0w0u0 1w 1j0-0-,f0u0u0, w1u650,000 1400,000 c9w50v,,0v0v0v 2000,000 ^9v5,0,v0u0v0 35V025,,V0V0U0 f7y5u0,,u0u0u0 245Q4,5V,V0U00 X1U0U0U0,.U0U0U0 Total collateral 27,314,900 1722,975 6,230,865 1918,700 2385,000 1906,540 1460,000 4900,000 1312,920 685,900 1061,164 604,000 2926,836 1/ After deducting $557,353,000 participations of other Federal Reserve Banks. 2/ After deducting $6,338,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis