H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF TH EFEDERAL RESERVE SYSTEM H.4.1 (Foi immediate Release) September 18, 1952 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ende dSeptember 17, Member ba nrkeserves increased $727 million. The principal changes supplying reserves were an increase of $377 million in Reserv eBank credit and decreases of $34 1million in Treasury deposits, with Federa lReserve Banks and $72 million in Mone yin circulation. The principal offsetting change swere increases of $3 2million in Foreig ndeposits with Federa lReserve Banks, $18 millio nin Other deposits with Federal Reserve Banks, and $14 million in Other F. R. accoun t(snet). The increase of $377 millio nin Reserv eBank credit resulted from increases of $51 1million in U .S. Government securities and $432 million in Float, and a decrease of $56 6million in Loans ,discounts an dadvances. Holdings of U. S. Government securities, which include $221 million certificates of indebtedness--special series, issued to th eFederal Reserve Banks, reflected an increase of $60 8million in certificate sand a decrease of $9 7million in bills. Change since Member Bank Reserves Sept. 17, Sept. 10, Sept. 19, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 23,740 +511 + 605 Loans, discounts an dadvances 318 -566 - 46 Float 1,191 +432 - 93 Total 25,249 +377 + 466 Gold stock 23,344 +1, 410 Treasury currency outstanding 4,780 + 4 + 106 Money in circulation 29,292 - 72 +1, 152 Treasury cash holdings 1,281 + 2 - 4 Treasury deposits with F. R. Banks 6 -341 - 471 Foreign deposits with F. R. Banks 821 + 32 + 64 Other deposits with F. R. Banks 177 + 18 + 11 Other F. R. account s(net) 729 + 14 1 - Member bank reserves 21,067 +727 ,232 Required reserves (estimated) 19,863-451 +342 999 Excess reserves (estimated) 1,26k \\0 +385 + 233 Daily average excess reserves (estimated) 928 +154 + 78 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. 17, Sept. 10, Sept. 19, 1952 1952 1951 A S S E TS Gold certificates 21,445,501 2 1,422,822 Redemption fund for F. R. notes 697,658 1 + 23,414 - Total gold certificate reserves 22,153,159 3 + 1,446,236 Other cash 339,802 4- 15,606 + 11,599 Discounts and advances 313,300 - 566,530 - 45,702 Industrial loans 4,608 5 388 - - U. S. Government securities; Bills 459,000 . 96,500 166,422 Certificates 12,477,366 + 608,150 + 7,628,791 Notes 5,568,073 6,270,392 — — — - Bonds 5,235,823 — - 586,279 Total U. S. Government securities 23,740,262 + 511,650 + 605,698 Total loans and securities 24,058,170 - 54,885 + 559,608 Due from foreign banks 23 - - - - 15 F. R. notes of other banks 195,166 + 6,479 + 28,730 Uncollected cash items 5,067,139 1,493,300 + 488,100 Bank, premises 45,698 + 389 + 3,242 Other assets 248,620 - 8,180 + 50,842 TOTAL ASSETS 52,097,777 + 17552,705' + 2,5837352 L I A B I L I T I ES Federal Reserve notes 25,126,744 52,456 + 1,118,343 - Deposits: Member bank--reserve accounts 21,067,148 + 727,083 + 1,231,926 U. S. Treasurer--general account 5,692 - 341,147 - 471,509 Foreign 821,399 + 32,787 + 64,455 Other 176,652 + 18,002 + 10,671 Total deposits 22,0707891 + 4357725 + 835,543 Deferred availability cash items 3,876,331 + 1,061,750 + 581,336 Other liabilities and accrued dividends 15,831 4* 116 - 796 TOTAL LIABILITIES 51,009,797 + 1,455,135 + 2,534,426 C A P I T AL A C C O U N TS Capital paid in 246,51.8 + 47 -f 13,282 Surplus (Section 7) 538,342 — — — + 28,320 Surplus (Section 13b) 27,543 — — — Other capital accounts 195,577 + 6,524 + 12,314 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,097,777 + 17552,705 + 2,588,342 Ratio of gold certificate reserves to deposit and F, R. note liabilities combined 46.9$ - .4 i + 1.256 Contingent liability on acceptances purchased for foreign correspondents 11,083 + 1,964 11,543 Industrial loan commitments 6,245 + 76 260 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES. SEPTEMBER 17, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government - advances loans securities Within 15 days 250,890 1,105 7,439,650 l6 to 90 days 62,410 248 421,000 91 days to 1 year 2,749 6,795,941 Over 1 year to 5 years 506 5,941,352 Over 5 years to 10 years 1,070,224 Over 10 years 2,072,095 Total Digitized for FRASER 313,300 "4,608 23,7^0,252™" http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(b) STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON SEPTEMBER 17, 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 21,445,501 682,369 6,786,279 1190,845 1393,812 887,799 830,724 4401,583 523,720 315,906 859,961 643,507 2928,996 Redemption fund for F. R. notes 697,658 61,083 68,288 55,323 82,464 74,787 51,374 102,424 47,786 24,432 39,959 29,032 60,706 Total gold certificate reserves 22,143,159 743,452 6,854,567 1246,168 1476,276 962,586 882,098 4504,007 571,506 340,338 899,920 672,539 2989,702 Other cash 339,802 31,713 66,052 20,466 25,588 19,499 25,607 60,762 15,938 7,076 13,623 13,014 40,464 Discounts and advances 313,300 6,344 39,589 11,031 27,674 22,717 14,081 98,443 27,351 14,992 15,345 21,706 14,027 Industrial loans 4,608 3,921 85 514 88 U. S. Govt, securities: Bills 459,000 32,567 105,990 28,849 45,819 31,023 26,567 65,642 17,627 l4,6ll 20,093 21,038 49,174 Certificates 12,477,366 885,281 2,881,210 784,227 1245,541 843,320 722,177 1784,400 676,262 397,167 546,210 571,914 1139,657 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 23,740,262 1684,395 5,481,982 1492,123 2369,846 1604,557 1374,062 3395,118 1279,449 755,677 1039,254 1088,159 2175,638 Total loans and — — — —— securities 24,058,170 1690,739 5,521,571 1507,075 2397,522 1627,359 1388,657 3493,561 1306,800 770,757 1054,599 1109,865 2189,665 ltems Due from foreign banks 23 l l/ 7 2 2 1 1 3 *»'% ^ x ^ 1 x 2 4% F.R.notes of other banks 195,166 6,905 30,970 8,713 8,208 31,323 16,717 20,l6l 8,079 19,542 11,534 7 496 25 5l8 Other assets 248,620 19,839 56,156 15,333 24,739 16,620 15,069 34,939 13,064 7,763 10^921 11,820 22*,357 TOTAi, ASSETS 52,097,777 2883,055 13,586,150 3140,344 4426,115 3046,23 02637,876 8963,034 2132,043 1284,319 2245,931 2028,830 5723,850 1/ After deducting $l6,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITIO NOF THE FEDERA LRESERVE BANKS ON SEPTEMBE R17, 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 MplMsp.ls .Ka Knasn.sC.yC.y .D allas SanFran. Federal Reserve notes 25,126,744 1535,039 5,509,498 1764,147 2293,012 1789,4o4 1377,667 4775,4l 61154,767 663322,,331166 999933,,776655 736,563 2565,150 Deposits: 488,914 992,776 U.S. Treasure r-general acct. 5,692 217 816 456 487 24? 442 514 535 595595 520 522109 644 Foreign ' ' ' ' 21,297 31,126 Other 176,652 4,588 105,996 1,647 3,685 5",026 4",320 2,975 "8; 170 l'1,,099933 ' '553333 ~r,719 Total deposits 22,070,891 982,821 7,009,855 1015,931 1650,191 894,482 960,534 3463,209 777,127 511,899 1024,955 1072,104 2707,783 Deferred avail, cash items 3,876,331 300,343 774,479 282,750 387,080 307,117 252,747 582,016 157,711 112,021 186,212 178,601 355,254 Other liabilities and accrued dividends 15,831 872 4,660 834 1,575 777 754 2,411 649 514 656 724 1,405 TOTAL LIABILITIES 51,089,797 2819,075 13,298,49 23063,662 4331,858 2991,780 2591,702 8823,052 2090,254 1256,750 2205,588 1987,992 5629,592 Capital paid in 246,518 13,199 77,210 17,146 23,708 10,833 10,208 31,916 8,613 5,476 9,326 11,974 26,909 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 2,140 Other capital accounts 195,577 13,578 43,386 13,554 18,895 13,243 11,333 27,036 10,867 6,957 9,513 9,347 17,868 TOTAL LIABILITIES AND ' 2 Z — 2 ^ ! r CAPITAL ACCOUNTS 52,097,777 2883,055 13,586,150 3140,344 4426,115 3046,230 2637,876 8963,034 2132,043 1284,31 92245,931 2028,830 5723,850 Contingent liability on acceptances purchased for foreign correspondents 11,083 687 2/3,347 864 1,020 565 477 1,541 421 288 421 421 1,031 Industrial loan commitment s6,245 — — 1,944 846 47 — 2,240 — — 787 381 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. note soutstanding 26,123,952 1590,244 5,778,369 1824,076 2358,654 1861,2 819432,555 4877,080 1205,346 645,337 1029,125 776,518 2745,359 Collateral for F.R. notes: Gold certificates 13,214,000 400,000 4,520,000 750,000 735,000 490,000 510,000 2930,000 270,000 170,000 280,000 259,000 1900,000 Eligible paper 123,l6l 4,050 26,640 8,145 — 20,130 --- — 25,695 14,030 13,885 —- 10,586 U. S. Govt, securitie s13,550,000 1300,000 1,400,000 1100,000 1650,00 01400,000 950,000 2000,000 950,000 505,000 750,000 545,000 1000,000 Total collateral 26,887,161 1704,050 5,946,640 1858,145 2385,000 1910,130 1460,00 04930,000 1245,695 689,030 1043,885 804,000 2910,586 l/ After deducting $571,732,000 participation sof other Federa lReserve Banks. 2/ After deducting $7,736,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis