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 9, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended October 8, Member bank reserves increased $l4l million. The principal change supplying reserves was an increase of $421 million in Reserve Bank credit. The principal offsetting changes were increases of $128 million in Money in Circulation, $87 million in Other deposits with Federal Reserve Banks, and $73 million in Treasury deposits with Federal Reserve Banks. The increase of $421 million in Reserve Bank credit resulted from an increase of $475 million in Loans, discounts and advances, and decreases of $31 million in U. S. Government securities and $23 million in Float. Holdings of U. S, Government securities reflected a decrease of $31 million in bills. Change since Member Bank Reserves Oct. 8, Oct. 1, Oct . 10 and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 23,663 - 31 - 409 Loans, discounts and advances 1,023 +475 + 939 Float 698 - 23 - 172 Total 25,384 +421 + 359 Gold stock 23,341 - 1 +1 ,286 Treasury currency outstanding 4,787 -- + 107 Money in circulation 29,545 +128 +1 ,097 Treasury cash holdings 1,280 - 7 - 6 Treasury deposits with F. R. Banks 596 + 73 + 261 Foreign deposits with F. R. Banks 723 + 1 - 44 Other deposits with F. R. Banks 249 + 87 + 14 Other F. R. accounts (net) 880 - 2 + 130 Member bank reserves 20,239 +141 + 300 Required reserves (estimated) w.s%fr* -165 + 709 Excess reserves (estimated) +306 - 409 Daily average excess reserves (estimated) 659 +148 - 456 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 Oct. 8, Oct. 1, Oct, 10, 1952 1952 11995511 A S S E TS Gold certificates 21,439,100 - 12,502 + 1,290,419 Redemption fund for F. R. notes 702,936 + 7,615 + 33,193 Total gold certificate reserves 22,142,036 - 4,007 + 1,323,612 Other cash 329,478 + 1,859 + 37,231 Discounts and advances 1,018,578 + 474,629 + 939,487 Industrial loans 4,290 - 91 - 660 U. S. Government securities: Bills 366,200 - 31,000 - 433,830 Certificates 5,000,716 *» — — - 109,782 Notes 13,773,671 --- + 1,437,788 Bonds 4,521,975 - 1,303,252 • - - Total U. S. Government securities 23,662,562 31,000 - 409,076 - Totti.1 loans and securities 24,685,430 + 443,538 + 529,751 Due from foreign banks 23 - - - « 15 F. R. notes of other banks 163,184 - 11,704 + 19,175 Uncollected cash items 3,429,599 - 294,680 + 106,132 Bank premises 45,654 + 46 + 2,930 Other assets 120,126 •¥ 9,707 - 76,326 TOTAL ASSETS 50,915,530 + 143,879 + 1,942,490 L I A B I L I T I ES Federal Reserve notes 25,332,493 + 107,561 + 1,078,880 Deposits: Member bank- -reserve accounts 20,238,585 + 140,323 + 299,607 U. S. Treasurer--general account 596,230 + 73,198 + 261,725 Foreign 722,737 + l,08l - 44,711 Other 248,598 + - 86,580 + 13,419 Total deposits 21,806,150 + 301,182 + 530,040 Deferred availability cash items 2,731,478 - 272,128 + 277,642 Other liabilities and accrued dividends 16,413 + 247 765 TOTAL LIABILITIES 49,886,534 + 136,862 + 1,885,797 C A P I T AL A C C O U N TS Capital paid in 247,813 + 64 + 14,173 Surplus (Section 7) 538,342 + 28,320 — — Surplus (Section 13b) 27,543 — - — Other capital accounts 215,298 + 6,953 + 14,200 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,915,530 + 143,679 + 1,942,490 Ratio of gold certificate reserves to deposit and F. R, note liabilities combined 47.0# - .k% + 1.3* Contingent liability on acceptances purchased for foreign correspondents 14,068 + 1,003 - 8,077 Industrial loan commitments 5,991 - 422 - 867 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 8, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 897,005 365 98,500 16 to 90 days 121,558 1,821 267,700 91 days to 1 year 15 1,922 6,720,941 Over 1 year to 5 years 182 14,146,950 Over 5 years to 10 years 1,070,224 Over 10 years gyr Digitized for FTRoAStEaRl 1,018,578^ 4,290 23,662,562 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 8, 1952 H.4.1(b) (in thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis tepls. Kans.Cy. Dallas SanFran. Gold certificates 21,439,100 726,898 6,649,658 1242,029 1424,118 992,774 848,125 4317,402 578,827 349,825 801,318 657,455 2850,671 Redemption fund for F- R- notes —702,936 60,627 66,767 54.498 83.781 82,149 50.915 101.749 48.587 24.843 39.8l4 28.888 60.318 Total gold certificate reserves 22,142,036 787,525 6,716,425 1296,527 1507,899 1074,923 899,040 4419,151 627,414 374,668 841,132 686,343 2910,989 other cash 329,478 30,326 71,315 17,427 27,063 17,5^1 24,668 60,446 14,536 5,707 12,603 11,065 36,781 Discounts and advances 1,018,578 9,o4o 238,995 35,5^0 55,o6o 40,895 45,935 283,510 58,535 26,425 96,509 59,313 68,821 Industrial loans 4,290 — — 3,798 — 76 330 — — 86 -- U. S. Govt, securities: Bil1® 366,200 25,983 84,562 23,016 36,556 24,750 21,195 52,371 19,847 11,656 16,031 16,785 33,448 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 Bonds ,4,521;,975 320,839 1,044,192 284,215 451,402 305,631 261.727 646.692 245,087 143,939 197,954 207,269 413,028 Total U. S. Government securities 23,662,562 1678,883 5,464,041 1487,239 2362,092 1599,305 1369,565 3384,007 1282,487 753,203 1035,852 1084,597 2161,291 Total loans and ' ' ' 1 — —— . , ______ securities 24,685,430 1687,923 5,703,036 1526,577 2417,152 1640,276"1415,830 3667,517 13^1,022 779,714 1132,361 1143,910 2230,112 Due from foreign banks 23 1 1 /7 2 2 1 1 3 1 1 1 L 2 F.R.notes of other banks 163,l84 5,212 257380 6,816 7,317 24,323 15,923 17,378 6,199 13,897 10,388 6,357 23,994 uncollected casn items 3,429,599 253,119 594,476 216,303 270,893 303,369 240,333 602,015 174,947 102,081 188,105 152,465 331,493 Bank premises 45,654 976 7,732 3,012 4,687 4,845 3,877 6,631 3,089 1,059 2,322 629 6,795 Other assets 120,126 10,746 27,809 7.219 11.854 7.884 7.489 l6.46l 5.963 3.508 5.246 5.651 10.296 TOTAL ASSETS 50,915,530 2775,828 13,146,180 3073,883 4246,867 3073,162 2607,161 8789,602 2173,171 1280,635 2192,158 2006,421 5550,462 l/ After deducting $l6,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 8, 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 Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,332,493 1541,615 5,524,315 1773,264 2311,059 1826,758 1399,546 4799,095 1178,662 638,767 1002,541 748,463 2588,408 Deposits: Member bank-reserve accts. 20,238,585 864,702 6,303,548 944,743 1499,013 863,996 901,812 3230,411 727,108 471,162 .950,921 1033,547 2447,622 U.S.Treasurer-general acct. 596,230 36,264 165,233 46,118 43,870 34,007 28,629 64,002 44,329 35,504 27,317 25,706 45,251 Foreign 722,737 44,721 1/219,253 56,261 66,360 36,786 31,016 100,261 27,409 18,754 27,409 27,409 67,098 Other Total deposits 21,806,150 950,843 6,864,201 1048,199 1613,338 942,161 964,114 3397,277 807,262 527,051 1006,579 1087,464 2597,661 Deferred avail, cash items 2,731,478 217,237 459,640 173,631 224,345 247,541 195,394 448,002 143,664 85,712 141,165 128,081 267,066 Other liabilities and accrued dividends 16,413 892 4,718 879 1,844 837 763 2,354 701 886 643 662 1,234 TOTAL LIABILITIES 49,886,534 2710,587 12,852,874 2995,973 4150,586 3017,297 2559,817 8646,728 2130,289 1252,416 2150,928 1964,670 5454,369 Capital paid in 247,813 13,230 78,255 17,146 23,718 10,895 10,280 31,944 8,622 5,483 9,328 11,982 26,930 Surplus (Section J) 538,342 34,192 159,743 41,493 50,648 27,025 23,871 79,601 21,786 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 7 ^ ^ TOTAL LIABILITIES AND —— CAPITAL ACCOUNTS 50,915,530 2775,828 13,146,180 3073,883 4246,86? 3073,162 2607,161 8789,602 2173,171 1280,635 2192,158 2006,421 5550,462 Contingent liability on acceptances purchased for foreign correspondents 14,068 872 2/4,248 1,097 1,294 717 605 1,956 535 366 535 535 1,308 Industrial loan commitments 5,991 1,690 836 71 2,239 781 374 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,246,234 1596,119 5,784,277 1824,271 2375,635 1877,932 1461,195 4899,262 1220,368 649,532 1031,175 783,761 2742,707 Collateral for F.R. notes: Gold certificates 13,224,000 400,000 4,520,000 750,000 735,000 510,000 510,000 2930,000 270,000 160,000 280,000 259,000 1900,000 Eligible paper 536,650 6,250 225,005 32,030 — 36,850 56,825 25,255 94,799 59,636 U. S. Govt, securities 13,675,000 1300,000 1,400,000 1100,000 1650,000 1400,000 1000,000 2000,000 975,000 505,000 800,000 545,000 1000,000 Total collateral 1/ After deducting $503,468,000 participations of other Federal Reserve. Banks. 2/ After deducting $9,820,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis