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 16, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended October 15, Member bank reserves increased $374 million. The principal changes supplying reserves were decreases of $3% million in Treasury deposits with Federal Reserve Banks, $70 million in Other deposits with Federal Reserve Banks, and $48 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $72 million in Money in circulation and a decrease of $59 million in Reserve Bank credit. The decrease of $59 million in Reserve Bank credit resulted from a decrease of $247 million in Loans, discounts and advances and an increase of $189 million in Float. Change since Member Bank Reserves Oct. 15, Oct. 8, Oct. 17 and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 23,663 I85 Loans, discounts and advances 776 -24? + 702 Float 887 +189 - 308 Total 25,325 - 59 + 208 Gold stock 23,341 - - +1,236 Treasury currency outstanding 4,787 + 106 Money in circulation 29,617 + 72 +1,232 Treasury cash holdings 1,276 - 4 20 Treasury deposits with F. R. Banks 212 -384 - 114 Foreign deposits with F. R. Banks 675 - 48 - 30 Other deposits with F. R. Banks 179 - 70 - 91 Other F. R. accounts (net) 881 + 1 + 30 Member bank reserves 20,613 +374 + 545 Required reserves (estimated) 20,032^ +445 +1,072 Excess reserves (estimated) 5 9^ - 71 - 527 Daily average excess reserves (estimated) 815 +156 146 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. 15, Oct. 8, Oct. 17, 1952 1952 1951 A S S E TS Gold certificates 21,428,104 10,996 + 1,231,422 - Redemption fund for F. R. notes 711,225 + 8,289 + 41,453 Total gold certificate reserves 22,139,329 2,707 + 1,272,875 - Other cash 322,025 7,453 + 18,870 - Discounts and advances 771,654 • 246,924 + 702,291 Industrial loans 4,293 + 3 365 - U, S. Government securities: Bills 366,200 239,995 — — — - Certificates 5,000,716 — - 7,847,592 Notes 13,773,671 — «• — + 8,705,598 Bonds 4,521,975 — — — - 803,252 Total U. S. Government securities 23,662,562 185,241 - — - Total loans and securities 24,438,509 246,921 + 516,685 Due from foreign banks 23 mm mm mm - 10 F. R. notes of other banks 160,887 - 2,297 + 698 Uncollected cash items 4,8l4,o4l + 1,384,442 + 178,342 Bank premises 45,659 + 5 + 2,863 Other assets 127,291 + 7,165 + 26,155 TOTAL ASSETS 52,047,764 + 1,132,234 + 2,016,478 L I A B I L I T I ES Federal Reserve notes 25,387,648 + 55,155 + 1,161,964 Deposits: Member bank--reserve accounts 20,612,801 + 374,216 + 544,344 U. S. Treasurer--general account 212,489 - 383,741 - 113,151 Foreign 674,791 47,946 - 30,644 Other 178,985 - 69,613 - 91,032 Total deposits 21,679,066 - 127,084 + 309,517 Deferred availability cash items 3,927,183 + 1,195,705 + 486,507 Other liabilities and accrued dividends 17,853 1,440 + 1,083 TOTAL LIABILITIES 51,011,750 + 1,125,21(5 + 1,959,071 C A P I T AL A C C O U N TS Capital paid in 247,871 + 58 + 14,109 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 — — — Other capital accounts 222,258 + 6,960 + 14,978 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,047,764 1,132,234 + 2,016,478 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 4477..00## + 11..22$$ Contingent liability on acceptances purchased for foreign correspondents 14,172 + 104 - 5,930 Industrial loan commitments 5,960 31 1,093 - - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 15, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 640,550 816 202,000 16 to 90 days 131,099 1,475 164,200 91 days to 1 year 5 1,822 6,720,941 Over 1 year to 5 years 180 14,146,950 Over 5 years to 10 years 1,070,224 Over 10 years 1,358,247 Digitized for FRA T S o E t R a l 771/55%" 47293 23,662,562 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 15, 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 21,428,104 666,518 6,804,058 1205,685 1407,455 977,825 821,213 4359,005 558,079 317,901 8l0,6l6 615,397 2884,352 Redemption fund for F. R. notes 711,225 62,501 6666,,223366 5566,,226633 8833,,660044 8811,,007777 5500,,880022 110066,,555577 50,533 24,818 39,777 28,851 60,206 Total gold certificate reserves 22,139,329 729,019 6,870,294 1261,948 1491,059 1058,902 872,015 4465,562 608,612 342,719 850,393 644,248 2944,558 Other cash 322,025 27,409 66,595 15,837 22,767 17,863 27,375 62,592 15,763 6,506 13,143 11,698 34,477 Discounts and advances 771,654 10,640 108,645 27,420 38,935 34,310 26,785 206,885 37,460 21,855 74,785 41,713 142,221 Industrial loans 4,293 3,822 65 320 — — 86 — — — U. S. Govt, securities: Bills 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 securities 24,438,509 1689,523 5,572,686 1518,481 2401,027 1633,680 1396,670 3590,892 1319,947 775,144 1110,637 1126,310 2303,512 Due from foreign banks 23 1 1/ 7 2 2 1 1 3 l l l 1 2 F.R.notes of other banks 160,887 2,866 28,561 8,075 8,046 21,329 17,885 17,474 7,828 11,426 10,622 7,060 19,715 Uncollected cash items 4,8i4,o4i 387,234 993,952 275,724 398,439 400,988 287,612 874,130 208,528 133,044 231,160 228,685 394,545 Bank premises 45,659 976 7,732 3,012 4,683 4,846 3,885 6,631 3,089 1,059 2,322 629 6,795 Other assets 127,291 11,429 28,479 7,705 12,507 8,419 8,160 17,458 6,421 3,796 5,598 6,199 11,120 TOTAL ASSETS 52,047,764 2848,457 13,568,306 3090,784 4338,530 3146,028 2613,603 9034,742 2170,189 1273,695 2223,876 2024,830 5714,724 l/ After deducting $16,000 participations of 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 OCTOBER 15, 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 25,387,648 1548,738 5,536,808 1777,802 2315,742 1831,652 1397,770 4808,120 1180,302 639,138 1001,513 746,139 2603,924 Deposits: Member bank-reserve accts. 20,612,801 84l,l88 6,392,169 940,188 1551,443 878,547 902,078 3317,387 747,583 479,898 967,894 1008,698 2585,728 U.S.Treasurer-general acct. 212,489 500 204,100 836 571 1,484 530 399 559 550 515 591 1,854 Foreign 674,791 4l,4l6 1/208,510 52,104 61,456 34,068 28,724 92,852 25,384 17,368 25,384 25,384 62,141 other 178,985 5,364 112,079 1,362 2,737 6,095 2,369 1,938 8,857 1,303 386 Total deposits 21,679,066 888,468 6,916,858 994,490 1616,207 920,194 933,701 3412,576 782,383 499,119 994,179 1035,696 2685,195 Deferred avail, cash items 3,927,183 344,531 813,690 239,185 307,958 337,085 233,689 667,444 163,588 106,328 185,953 200,199 327,533 Other liabilities and accrued dividends 17,853 932 6,002 952 1,651 782 737 2,685 687 667 647 725 1,386 TOTAL LIABILITIES 51,011,750 2782,669 13,273,358 3012,429 4241,558 3089,713 2565,897 8890,825 2126,960 1245,252 2182,292 1982,759 5618,038 capital paid in 247,871 13,230 78,243 17,149 23,718 10,895 10,287 31,954 8,622 5,487 9,359 11,984 26,943 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 7§2 1,429 521 1,073 1,137 1,307 2,l4o Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral nv or # 2848,457 13,568,306 3090,784 4338,530 3146,028 2613,603 9034,742 2170,189 1273,695 2223,876 2024,830 5714,724 14,172 878 2/4,280 1,105 1,304 723 609 1,970 539 368 539 539 1,318 5,960 - - - — 1,664 831 71 — 2,239 -- - 781 374 FEDERAL RESERVE AGENTS' ACCOUNTS 26,322,476 1600,908 5,801,397 1831,707 2388,068 1881,446 1463,314 4909,158 1229,269 651,390 1035,438 786,290 2744,091 13,179,000 400,000 4,520,000 750,000 760,000 510,000 510,000 2850,000 280,000 160,000 280,000 259,000 1900,000 411,991 7,850 89,020 23,910 — 30,165 - - - 35,750 20,685 .73,075 — 131,536 13,775,000 1300,000 i,4oo,ooo 1100,000 1650,000 i4oo,ooo 1000,000 2100,000 975,000 505,000 800,000 545,000 1000,000 1/ After deducting $466,264,000 participations of other Federal Reserve Banks, 2/ After deducting $9,892,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis