H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) October 2, 1952, CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended October 1, Member bank reserves decreased $483 million, The principal changes reducing reserves were increases of ^259 million in Treasury deposits with Federal Reserve Banks, $170 million in Money in circulation, $156 million in Other F. R, accounts (net), and $13 million in Treasury cash holdings. The principal offsetting change was Fi increase of $106 million in Reserve Bank credit. The increase of $106 million in Reserve Bank credit resulted from an increase of $143 million in Loans, discounts and advances, and decreases of $21 million in U. S. Government securities and $17 million in float. The decrease of $21 million in U. S. Government securities reflected decreases of $7,492 million in certificates, $714 million in bonds, and $21 million in bills, and an increase of $8,206 million in notes. During the week, $714 million of 2-3/4 per cent Treasury Bonds, Investment Series B, 1975-80, were exchanged for 1-1/2 per cent Treasury notes due October 1, 1957. Change since Member Bank Reserves Oct. 1, Sept. 24, Oct. 3, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S, Government securities 23,694 - 21 - 345 Loans, discounts and advances 548 +143 + 474 Float 721 - 17 - 196 Total 24,963 +106 - 67 Gold stock 23,342 - 1 +1,327 Treasury currency outstanding 4,787 + 6 + 107 Money in circulation 29,417 +170 +1,097 Treasury cash holdings 1,287 + 13 + 3 Treasury deposits with F. R. Banks 523 +259 + 126 Foreign deposits with F. R. Banks 722 - 6 3 Other deposits with F. R. Banks 162 + 1 - 79 Other F, R. accounts (net) 882 +156 + 129 Member bank reserves 20,098 -483 + 94 Required reserves (estimated) 19,74&lA - 92 + 899 Excess reserves (estimated) - 805 3^ 3U> -391 Daily average excess reserves (estimated) 511 -647 246 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) Oct. 1, Sept. 24, Oct. 3, 1952 1952 1951 A S S E TS Gold certificates 21,451,602 1,000 + 1,340,922 - Redemption fund for F. R. notes 695,321 4 1,000 + 24,414 Total gold certificate reserves + 1,365,335 - - - Other cash 327,619 17,218 + 17,572 - Discounts and advances 543,949 + 143,806 + 475,227 Industrial loans 4,381 80 807 - - U. S. Government securities: Bills 397,200 - 21,000 - 494,872 Certificates 5,000,716 - 7,491,750 - no, 809 Notes 13,773,671 + 8,205,598 + 1,563,606 1,303,252 Bonds 4,521,975 - 713,848 - Total U. S. Government securities 23,S93,5'62 21,000 345,327 - Total loans and securities 24,241,892 + 122,726 + 129,093 Due from foreign banks 23 - - w - 15 F. R. notes of other banks 174,888 21,450 + 19,727 - Uncollected cash items 3,724,279 - 138,467 + 305,612 Bank premises 45,608 - 75 + 3,107 Other assets 110,419 150,878 76,510 - - TOTAL ASSETS 50,771,651 205,362 4-1,763,922 - L I A B I L I T I ES Federal Reserve notes 25,224,932 + 139,756 + 1,068,987 Deposits: Member bank--reserve accounts 20,098,262 482,273 + 9944,,660000 - U. S. Treasurer--general account 523,032 + 259,052 + 125,853 Foreign 721,656 6,524 3,482 - - Other 162,018 + 904 - 79,171 Total deposits 21,504,966 228,841 + 137,800 Deferred availability cash items 3,003,606 121,629 + 501,676 * - Other liabilities and accrued dividends 16,166 1,996 304 ~ - TOTAL LIABILITIES 49,749,672 212,710 + 1,708,159 - C A P I T AL A C C O U N TS Capital paid in 247,749 + 1,007 + 14,221 Surplus (Section 7) 538,342 + 28,320 — — — Surplus (Section 13b) 27,543 — — — - - - Other capital accounts 208,345 + 6,341 + 13,222 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,7717651 205,362 + 1,763,922 - Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 47.4% + .1$ 1.7# Contingent liability on acceptances purchased for foreign correspondents 1133,,006655 + 190 - 7,955 458 Industrial loan commitments 6,413 •f 94 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 1, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 414,451 504 82,500 l6 to 90 days 129,480 774 314,700 91 days to 1 year 18 2,921 6,720,941 Over 1 year to 5 years 182 14,146,950 • mm mm mm Over 5 years to 10 years 1,070,224 Over 10 years «*«•«* — — 1,358,247 Total 543,949 4,381 23,693,562 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS ON OCTOBER 1, 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 21,451,602 722,382 6,658,758 1205,32 81374,533 968,493 849,126 4473,762 592,998 326,668 779,894 630,012 286 9648 Redemption fund for ' F. R. notes 695,321 60,876 67.690 54.951 82.114 73.904 51.169 102.116 48.691 24.198 39.891 28.971 60.550 Total gold certificate reserves 22,146,923 783,258 6,726,448 1260,27 91456,647 1042,39 7900,295 4575,878 641,689 351,066 819,785 658,983 2930,198 Other cash 327,619 31,374 60,391 20,125 25,286 19,604 26,614 60,119 14,562 6,647 12,856 11,762 38 279 Discounts and advances 543,949 7,490 38,630 16,245 25,585 53,945 37,135 141,285 22,965 28,550 90,785 49,713 31 621 Industrial loans 4,381 -- -- 3,74l -- 85 468 — -- 87 -- -- 1~ U. S. Govt, securities: Bills 397,200 28,182 91,720 24,965 39,650 26,845 22,990 56,804 21,527 12y643 17,388 18,206 36,280 Certificates 5,000,716 354,805 1,154,740 314,305 499,191 337,989 289,437 715,158 271,034 159,178 218,911 229,213 456,755 Notes 13,773,671 977,256 3,180,547 865,703 1374,943 930,935 797,206 1969,786 746,519 438,430 602,956 631,330 1258.060 5011,13 4,521,975 320,839 1,044,192 284,215 451,402 305,631 261,727 646,692 245.087 143.939 197.954 207.269 4lV.O?8 Total U. S. Government securities 23,693,562 1681,082 5,471,199 1489,188 2365,186 1601,400 1371,360 3388,440 1284,167 754,190 1037,209 1086,018 2164,123 Total loans and ~* ~ — — —— — — ——— —— — . —— —— securities 24,241,892 1688,572 5,509,829 1509,174 2390,771 1655,430 l408,9&3 3529,725 1307,132 782,827 1127,994 1135,731 2195,744 Due from foreign hanks 23 l l/ 7 2 2 1 1 3 1 1 1 1 2 F R.notes of other banks 174,888 4,238 24,360 8,204 8,044 25,368 18,551 17,870 8,176 16,542 10,105 6,971 26,459 Uncollected cash items 3,724,279 296,902 705,385 237,854 322,687 324,374 223,932 615,698 162,619 108,103 196,786 164,155 365 784 Bank premises 45,608 976 7,731 3,012 4,707 4,807 3,877 6,631 3,089 1,059 2 >2 629 6 768 : Other assets 110,419 10,032 24,468 6,68l 11.132 7.326 7.0l8 15.144 5.448 1.277 4.861 5.254 0,778 TOTAL ASSETS 50,771,651 2815,353 13,058,619 3045,331 4219,276 3079,307 2589,25 18821,06 82142,716 1269,522 2174,71 01983,48 65573,012 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 FEDERA LRESERVE BANKS ON OCTOBER 1, 1952 (In thousands of dollars) H.4.1(c) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. L I A B I L I T I ES Federal Reserve notes .25,224,932 1536,207 5,518,191 1767,271 2297,950 1812,825 1395,687 4784,035 1168,354 633,742 997,822 746,366 2566,482 Deposits: Member bank-reserve accts. 2 0,098,262 876,576 6,237,729 925,683 1465,644 868,976 899,754 3235,173 719,013 467,829 931,511 992,413 2477,961 U.S.Treasurer-general acct 523,032 38,865 146,923 30,699 30,941 41,233 26,049 62,339 41,222 25,822 22,522 27,693 2.8,724 Foreign 721,656 44,541 1/220,197 56,035 66,093 36,638 30,891 99,858 27,299 18,678 27,299 27,299 66,828 Other 162,018 5,322 93,565 1,622 3,871 5,391 2,238 2,876 7,699 1,559 302 910 36,663 Total deposits 21,504,968 965,304 6,698,414 1014,039 1566,549 952,238 958,932 3400,246 795,233 513,888 981,634 1048,315 2610,176 Deferred avail, cash items 3,003,606 248,192 545,774 185,650 257,363 258,063 186,963 492,435 136,019 93,027 153,746 146,771 299,603 Other liabilities and accrued dividends 16,166 850 4,521 888 l,84o 806 690 2,490 669 891 624 635 1,262 TOTAL LIABILITIES 49,749,672 2750,55 312,766,900 2967,848 4123,7023 023,932 2542,272 8679,206 2100,275 1241,548 2133,826 1942,087 5477,523 Capital paid in 247,749 13,215 78,240 17,146 23,712 10,883 10,280 31,954 8,622 5,478 9,328 11,978 26,913 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 208,345 14,382 46,417 14,355 20,208 14,118 12,066 28,878 11,510 7,360 10,052 9,904 19,095 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,771,651 2815,35 313,058,61 93045,331 4219,27 63079,307 2589,25 18821,06 82142,716 1269,522 2174,71 01983,48 65573,012 Contingent liability on acceptances purchased for foreign correspondents 13,065 810 2/3,946 1,019 1,202 667 562 1,816 496 340 496 496 1,215 781 381 Industrial loan commitments 6,413 2,097 843 71 2,24o FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,150,619 1590,434 5,769,640 1824,195 2367,338 1871,355 1441,384 4875,002 1219,814 646,305 1030,412 780,464 2734,276 Collateral for F.R. notes: 735,000 490,000 510,000 2930,0002 70,000 160,000 280,000 259,000 1900,000 Gold certificates 13,204,000 400,000 4,520,000 750,000 Eligible paper 244,021 4,700 16,540 12,735 50,900 21,255 27,380 89,075 21,436 U. S. Govt, securities 13,625,000 1300,000 1,400,000 1100,00 01650,00 01400,00 0950,000 2000,000 975,0 00 505,000 800,000 545,000 1000,000 5,936,540 1862,735 2385,000 1940,900 1460,000 4930,000 1226565, 692,380 1169,0758 04,000 2921,436 Total collateral 27,073,021 1704,700 1/ After deducting $501,443,000 participations of other Federa lReserve Banks. 2/ After deducting $9,119,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis JL