H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) September 25, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended September 24, Member bank reserves decreased $486 million. The principal changes reducing reserves were a decrease of $392 million in Reserve Bank credit, and an increase of $258 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $93 million in Foreign deposits with Federal Reserve Banks, $45 million in Money in circulation, and $16 million in Other deposits with Federal Reserve Banks. The decrease of $392 million in Reserve Bank credit resulted from decreases of $453 million in Float and $25 million in U. S. Government securities, and an increase of $87 million in Loans, discounts and advances. The decrease in holdings of U. S. Government securities reflected retirement of the $221 million certificates of indebtedness -- special series, issued to the Federal Reserve Banks, held the previous week, an increase of $236 million in other certificates, and a decrease of $40 million in bills. Change since Member Bank Reserves Sept. 24, Sept. 17, Sept. 26, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 23,715 - 25 + 241 Loans, discounts and advances 405 + 87 + 184 Float 738 -453 - 245 Total 24,857 -392 + 180 Gold stock 23,343 - 1 +1,330 Treasury currency outstanding 4,781 + 1 + 105 Money in circulation 29,247 - 45 +1,110 Treasury cash holdings 1,274 - 7 14 Treasury deposits with F. R. Banks 264 +258 - 552 Foreign deposits with F. R. Banks 728 - 93 41 Other deposits with F. R. Banks 161 - 16 94 Other F. R. accounts (net) 726 - 3 5 Member bank reserves 20,581 -486 +1,212 Required reserves (estimated) 19,034-^ - 29 + 997 Excess reserves (estimated) -457 + 215 Daily average excess reserves (estimated) 1,158 +230 + 489 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since Sept. 24, Sept. 17, Sept. 26, 1952 1952 1951 A S S E TS Gold certificates 21,452,602 + 7,101 Redemption fund for F. R. notes 694,321 20,317 Total gold certificate reserves 22,146,923 + 3,764 Other cash 344,837 + 5,035 16,999 Discounts and advances 400,143 + 86,843 184,514 Industrial loans 4,461 147 433 U. S. Government securities: Bills 418,200 40,800 - 407,022 Certificates 12,492,466 + 15,100 + 7,566,241 Notes 5,568,073 6,332,092 — — - - Bonds 5,235,823 — — — - 586,279 Total U. S. Government securities 23,714,562 - 25,700 + ~25O754H Total loans and securities 24,119,166 + 60,996 + 424,929 Due from foreign banks 23 - - - - 15 F. R. notes of other banks 196,338 + 1,172 + 24,348 Uncollected cash items 3,862,746 -1,204,393 + 131,393 Bank premises 45,683 15 + 3,283 Other assets 261,297 + 12,677 + 56,488 TOTAL ASSETS 50,977,013 -1,120", 755 + 2,029,762 L I A B I L I T I ES Federal Reserve notes 25,085,176 - 41,568 + 1,074,141 Deposits: Member bank--reserve accounts 20,580,535 - 486,613 + 1,211,294 U. S. Treasurer--general account 263,980 + 258,288 - 552,232 Foreign 728,180 - 93,219 - 41,077 Other 161,114 : 15,538 - 93,615 Total deposits 21,7337809 - 337,682 + 525,370 Deferred availability cash items 3,125,235 - 751,096 + 376,889 Other liabilities and accrued dividends 18,162 + 2,331 - 581 TOTAL LIABILITIES 5979E273B2 -1,127,415 + 1,974,819 C A P I T AL A C C O U N TS Capital paid in 246,742 224 + 13,431 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 202,004 6,427 13,192 TOTAL' LIABILITIES AND CAPITAL ACCOUNTS ^07977,013 -1,120,764 + 2,029,762 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 47.3$ 1.456 Contingent liability on acceptances purchased for foreign correspondents 12,875 + 1,792 8,289 Industrial loan commitments 6,319 + 74 246 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 24, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 287,125 1,028 7,555,250 16 to 90 days 113,000 266 354,700 91 days to 1 year 18 2,623 6,720,941 Over 1 year to 5 years 544 5,941,352 Over 5 years to 10 years 1,070,224 Over 10 years 2,072,095 Total 400,143 57^1 23,71575^2 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 24, 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 21,452,602 701,833 7,048,624 1180,049 1405,173 926,968 792,296 4360,573 545,505 285,258 815,835 577,331 2813,157 Redemption fund for F. R. notes 694,321 60,876 67,690 54,951 82,114 73,904 51,169 102,116 47,691 24,398 39,891 28,971 60,550 Total gold certificate reserves 22,146,923 762,709 7,116,314 1235,000 1487,287 1000,872 843,465 4462,689 593,196 309,656 855,726 606,302 2873,707 Other cash 344,837 30,516 70,041 19,488 28,064 19,914 24,889 62,307 16,269 6,634 13,376 12,953 40,386 Discounts and advances 400,143 4,915 30,500 10,455 19,985 42,220 19,085 118,285 24,955 22,550 55,159 37,113 14,921 Industrial loans 4,46l 3,843 83 447 88 U. S. Govt, securities: Bills 418,200 29,672 102,062 26,285 41,746 28,265 24,205 59,807 22,665 7,818 18,308 19,169 38,198 Certificates 12,492,466 886,353 2,884,697 785,176 1247,048 844,341 723,052 1786,560 677,080 397,648 546,870 572,605 1141,036 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 23,714,562 1682,572 5,48l,541 1490,508 2367,282 1602,820 1372,575 3391,443 1285,305 749,365 1038,129 1086,981 2166,o4i Total loans and securities 24,119,166 1687,487 5,512,041 1504,806 2387,267 1645,123 1392,107 3509,728 1310,260 772,003 1093,288 1124,094 2180,962 Due from foreign banks 23 1 l/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other bank s196,338 7,030 29,268 9,164 9,716 28,249 19,712 19,877 10,057 16,850 10,755 7,94-9 27,711 Uncollected cash items 3,862,746 278,138 697,104 227,203 360,870 348,961 257,443 592,120 164,064 110,042 228,697 214,357 383,747 Bank premises 45,683 980 7,747 3,012 4,716 4,8o6 3,879 6.619 3,109 1,062 2,331 632 6,790 Other assets 261,297 20,774 58,897 16,132 26,016 17,586 15,840 36,704 13,775 8,160 11,505 12,382 23,526 TOTAL ASSETS 50,977,013 2787,635 13>9l,419 3014,807 4303,938 3065,512 2557,336 8690,047 2110,731 1224,408 2215,679 1978,670 5536,831 1/ After deducting $16,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 24, I952 8.4.1(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 25,085,176 1533,553 5,504,069 1763,354 2293,732 1793,798 1370,730 4773,189 1153,059 630,803 988,320 733,633 2546,936 Deposits: Member bank-reserve accts. 20,580,535 904,438 6,597,886 932,341 1540,98? 870,825 879,812 3211,609 744,630 452,860 977,611 987,874 2479,662 U.S.Treasurer-general acct. 263,980 504 256,356 167 569 503 567 550 599 523 561 543 2,538 Foreign 728,180 44,969 1/221,905 56,573 66,727 36,990 31,188 100,817 27,561 18,858 27,561 27,561 67,470 Other 161,114 " """ " Total deposits 21,733,809 953,687 7,174,648 990,636 1611,526 911,218 914,600 3315,812 779,661 473,620 1006,058 1016,800 2585,543 Deferred avail, cash items 3,125,235 235,107 517,059 182,946 302,030 304,695 224,583 457,810 135,128 91,613 179,967 186,311 307,986 Other liabilities and accrued dividends 18,162 868 6.485 796 1,731 874 825 2,302 740 568 715 790 1,468 TOTAL LIABILITIES 49,962,382 2723,215 13,202,261 2937,732 4209,019 3010,585 2510,738 8549,113 2068,588 1196,604 2175,060 1937,534 5441,933 Capital paid in 246,742 13,215 77,260 17,146 23,711 10,878 10,271 31,947 8,621 5,478 9,328 11,978 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,l40 Other capital accounts 202,004 14,002 44,836 13,947 19.554 13,675 H.694 27,957 11,213 7,190 9,787 9,641 18.508 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,977,013 2787,635 13,491,419 3014,807 4303,938 3065,512 2557,336 8690,047 2110,731 1224,408 2215,679 1978,670 5536,831 Contingent liability on acceptances purchased for foreign correspondents 12,875 798 2/3,888 1,004 1,185 657 554 1,790 489 335 489 489 1,197 Industrial loan commitments 6,319 2,021 843 47 2,240 787 381 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,104,119 1596,746 5,774,821 1815,109 2359,366 1864,102 1430,849 4875,524 1202,695 645,323 1029,103 773,512 2736,969 Collateral for F.R. notes: Gold certificates 13,204,000 400,000 4,520,000 750,000 773355,,000000 449900,,000000 510,000 2930,000 270,000 160,000 280,000 259,000 1900,000 Eligible paper 170,661 2,125 14,460 6,945 — 39,375 22,995 21,380 52,645 10,736 U. S. Govt, securities 13,600,000 1300,000 1,400,000 1100,000 1650,000 1400,000 0,000 2000,000 950,000 505.000 800*000 545,000 1000.000 Total collateral 26,974,661 1702,125 5,934,460 1856,945 2385,000 1929,375 1460,000 4930,000 1242,995 686,380 1132,645 804,000 2910,736 1/ After deducting $506,259,000 participations of other Federa lReserve Banks. 2/ After deducting $8,987,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis