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 30, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended October 29, Member bank reserves decreased $330 million. The principal changes reducing reserves were a decrease of $362 million in Reserve Bank credit and an increase of $29 million in Money in circulation. The principal offsetting changes were decreases of $30 million in Treasury deposits with Federal Reserve Banks and $29 million in Foreign deposits with Federal Reserve Banks. The decrease of $362 million in Reserve Bank credit resulted from decreases of $364 million in Float and $39 million in U. S. Government securities, and an increase of $4l million in Loans, discounts and advances. Holdings of U. S, Government securities reflected a decrease of $39 million in bills. Change since Member Bank Reserves Oct. 29, Oct. 22, Oct. 31 and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 23,624 - 39 + 72 Loans, discounts and advances 1,175 + 41 + 985 Float 706 -364 + 21 Total 25,505 -362 +1,078 Gold stock 23,340 +1,107 Treasury currency outstanding 4,790 + 102 Money in circulation 29,540 + 29 +1,123 Treasury cash holdings 1,289 + 8 + 6 Treasury deposits with F. R. Banks 588 - 30 + 95 Foreign deposits with F. R. Banks 655 - 29 + 99 Other deposits with F. R. Banks 236 - 9 26 Other F. R. accounts (net) 877 - 1 + 97 Member bank reserves 20,449 -330 + 892 Required reserves (estimated) 19,926-^ . - 62 + 866 Excess reserves (estimated) sea-HiH -268 + 26 Daily average excess reserves (estimated) 580 -303 + 14 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Oct. 29, Oct. 22, Oct. 31, 1952 1952 1951 A S S E TS Gold certificates 21,423,101 3 + 1,087,420 Redemption fund for F. R. notes 710,453 - 2,585 + 42,197 Total gold certificate reserves 22,133,554 - 2,588 + 1,129,617 Other cash 328,793 + 4,953 + 15,116 Discounts and advances 1,170,703 + 40,674 + 985,128 Industrial loans 4,210 - 191 - 182 U. S. Government securities: Bills 332,200 39,000 + 21,755 Certificates 4,995,716 • 7,852,592 Notes 13,773,671 —-— + 8,705,598 Bonds 4,521,975 - 803,252 Total U. S. Government securities 23,623,562 - 39,000 + 71,509 Total loans and securities 24,798,475 + 1,483 + 1,056,455 Due from foreign banks 23 — — — - 10 F. R. notes of other banks 178,926 - 6,709 + 14,719 Uncollected cash items 3,668,385 - 584,656 + 313,513 Bank premises 45,596 - 61 + 2,697 Other assets 145,356 + 9,644 + 26,780 TOTAL ASSETS 51,299,108 - 577,934 + 2,558,887 L I A B I L I T I ES Federal Reserve notes 25,340,435 + 32,458 + 1,079,829 Deposits: Member bank--reserve accounts 20,449,365 - 329,494 + 892,374 U. S. Treasurer--general account 588,159 - 30,060 + 95,447 Foreign 654,529 - 29,139 + 98,252 Other 236,035 - 9,028 - 26,318 Total deposits 21,928,088 - 397,721 + 1,059,755 Deferred availability cash items 2,962,309 - 221,107 + 292,766 Other liabilities and accrued dividends 18,379 + 1,257 + 2,313 TOTAL LIABILITIES 50,249,211 585,113 + 2,434,663 — C A P I T AL A C C O U N TS Capital paid in ~ 248,148 + 213 + 13,158 Surplus (Section 7) 538,342 ~ •* «•» + 28,320 Surplus (Section 13b) 27,543 — — WW Other capital accounts 235,864 + 6,966 + 82,746 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,299,108 - 577,934 + 2,558,887 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.8# + .3# + .3# Contingent liability on acceptances purchased for foreign correspondents 15,534 + 994 1,171 Industrial loan commitments 3,896 - 2,031 - 3,256 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 29, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 1,020,291 304 203,700 16 to 90 days 150,412 1,829 128,500 91 days to 1 year 1,750 6,715,941 Over 1 year to 5 years 327 14,146,950 Over 5 years to 10 years 1,070,224 Over 10 years 1,358,247 Total 1,170,703 4,210 23,623,562 .. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 29, 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 21,423,101 669,366 6,686,695 1202,870 1421,575 982,023 840,025 4432,271 603,541 368,387 811,361 627,959 2777,028 Redemption fund for F. R. notes 710,453 62,208 70,199 55,735 83,214 78,733 50,523 106,175 50,421 24,777 39,683 28,784 60,001 Total gold certificate reserves 22,133,554 731,574 6,756,894 1258,605 1504,789 1060,756 890,548 4538,44 653,962 393,164 851,044 656,743 Other cash 328,793 30,653 65,425 18,364 22,668 18,294 26,976 61,892 151,52,72575 7,171,5115 12,1421,3413 11,1311,9319 38,399 Discounts and advances 1,170,703 23,190 101,795 34,725 85,535 67,355 64,825 320,825 68,495 26,215 114,412 68,860 Industrial loans 4,210 -- — 3,781 — 66 277 86 — U. S. Govt, securities: Bills 332,200 23,569 76,709 20,879 33,162 22,453 19,228 47,508 181,80,00505 10,1507,5575 14,1544,2542 15,1252,7227 30,343 Certificates 4,995,716 354,451 1,153,587 313,991 498,692 337,650 289,147 714,44 ' 2"7 0", 7'6 2 159,018 218,693 228,984 Notes 13,773,671 977,256 3,180,547 865,703 1374,943 930,935 797,206 1969,78 746,519 438,430 602,956 631,330 Bonds 4,521,975 320,839 1,044,192 284,215 451,402 305,631 261,727 646,69 245,087 143,939 197,954 207,269 Total U. S. Government ~ securities 23,623,562 1676,115 5,455,035 1484,788 2358,199 1596,669 1367,308 3378,429 1280,373 751,962 1034,145 1082,810 2157,729 Total loans and securities": 24,798,475 1699,305 5,556,830 1523,294 2443,734 1664,090 1432,410 3699,254 1348,868 778,263 1148,557 1151,670 2352,200 Due from foreign banks 23 1 1/ 7 -2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 178,926 5,470 28,061 8,505 8,165 27,533 18,357 18,497 7,576 11,830 9,983 9,205 25,744 Uncollected- cash items 3,668,385 298,820 694,768 217,975 339,706 305,833 234,891 589,635 174,828 111,996 199,003 159,808 341,122 Bank premises 45,596 971 7,734 3,096 4,615 4,830 3,805 6,637 3,068 1,057 2,322 629 6,772 Other assets 145,356 12,839 32,005 8,660 14,360 9,795 9,067- 20,384 7,395 4,4l4. 6,458 7,174 12,805 TOTAL ASSETS 51,299,108 2779,633 13,141,724 3038,501 4338,099 3091,132 2616,055 8934,748 2210,973 1307,840 2229,781 1996,549 5614,073 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' 29, 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 25,340,435 1536,251 5,515,5^6 1773,392 2312,885 1836,901 1399,468 4803,532 1191,194 636,809 1000,490 748,931 2585,036 Deposits: Member bank-reserve accts. 20,449,365 837,584 6,327,091 930,361 1538,741 881,173 890,211 3352,183 753,066 481,178 959,353 1005,574 2492,850 U.S.Treasurer-general acct 588,159 44,850 84,833 38,191 52,817 33,164 50,125 62,050 47,657 43,478 42,100 31,895 56,999 Foreign 654,529 4o,461 1/198,996 50,903 60,039 33,283 28,062 90,711 24,799 16,968 24,799 24,799 60,709 Other 236,035 3,850 175,672 1,386 2,747 2,360 1,915 1,731 7,420 1,598 293 913 36,150 Total deposits 21,928,088 926,745 6,786,592 1020,841 1654,344 949,980 970,313 3506,675 832,942 543,222 1026,545 1063,181 2646,708 Deferred avail, cash items 2,962,309 248,959 536,763 164,078 270,336 246,060 196,794 475,905 142,035 98,329 159,691 140,673 282,686 Other liabilities and accrued dividends 18,379 945 4,732 954 2,168 939 1,036 2,683 764 568 8o4 865 1,921 TOTAL LIABILITIES 50,249,211 2712,900 12,843,633 2959,265 4239,733 3033,880 2567,611 8788,795 2166,935 1278,928 2187,530 1953,650 5516,351 Capital paid in 248,148 13,234 78,236 17,160 23,729 10,901 10,291 31,969 8,626 5,491 9,395 12,172 26,944 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 235,864 16,296 52,793 16,094 22,983 15,977 13,520 32,954 13,103 8,285 11,352 11,210 21,297 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,299,108 2779,633 13,141,724 3038,501 4338,099 3091,132 2616,055 8934,748 2210,973 1307,840 2229,781 1996,549 5614,073 Contingent liability on acceptances purchased for foreign correspondents 15,534 963 2/4,691 1,212 1,429 792 668 2,160 590 4o4 590 590 1,445 Industrial loan commitments 3,896 1,620 911 71 138 782 374 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,355,468 1600,976 5,796,883 1830,702 2384,254 1890,04l 1463,689 4904,535 1244,718 650,283 1037,383 793,076 2758,928 Collateral for F.R. notes: Gold certificates 13,179,000 400,000 4,520,000 750,000 776600,,000000 551100,,000000 551100,,000000 22885500,,000000 280,000 160,000 280,000 259,000 1900,000 Eligible paper 577,783 20,400 82,390 31,215 --- 64,060 --- --- 66,785 25,045 112,702 175,186 U. S, Govt, securities 13,790,000 1300,000 1,400,000 1100,000 1650,000 1400,000 1000,000 2100,000 975,000 505,000 800,000 560,000 1000,000 Total collateral 27,546,783 1720,400 6,002,390 1881,215 2410,000 1974,060 1510,000 4950,000 1321,785 690,045 1192,702 819,000 3075,186 1/ After deducting $455,514,000 participations of other Federal Reserve Banks. 2/ After deducting $10,843,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ 1 Federal Reserve Bank of St. Louis