H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) November 6, 1952 CONDITION OF THE FEDERAL RESERVE BARKS Member Bank Reserves and Related Items During the week ended November 5; Member bank reserves decreased $115 million. The principal changes reducing reserves were increases of $208 million in Money in circulation, $201 million in Treasury deposits with Federal Reserve Banks, and $14 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $209 million in Reserve Bank credit and decreases of $72 million in Other F, R. accounts (net), $11 million in Treasury cash holdings, and $12 million in Foreign deposits with Federal Reserve Banks, The increase of $209 million in Reserve Bank credit resulted from an increase of $492 million in Loans, discounts and advances and decreases of $178 million in Float and $104 million in U. S, Government securities. Holdings of U. 5. Government securities reflected a decrease of $104 million in bills. Change since Member Bank Reserves Nov. 5, Oct. 29, Nov. 7 and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 23,520 -104 + 13 Loans, discounts and advances 1,667 +492 +1,419 Float 528 -178 - 312 Total 25,714 +209 +1,119 Gold stock 23,339 - 1 +1,055 Treasury currency outstanding 4,794 + 4 + 108 Money in circulation 29,748 +208 +1,214 Treasury cash holdings 1,278 - 11 - 13 Treasury deposits with F. R. Banks 789 +201 + 337 Foreign deposits with F. R. Banks 643 - 12 + 75 Other deposits with F. R. Banks 250 + 14 - 25 Other F. R. accounts (net) 805 - 72 + 27 Member bank reserves 20,334 -115 + 667 Required reserves (estimated) 19,848-^ - 78 + 860 Excess reserves (estimated) 486- 50 - 37 - 193 Daily average excess reserves (estimated) 607 + 27 100 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (in thousands of dollars) Change since Nov.,5, Oct. 29, Nov* 7, 1952 1952 1951 A S S E TS Gold certificates 21,433,103 + 10,002 + 1,051,923 Redemption fund for F. R. notes 706,467 - 3,986 + 36,850 Total gold certificate reserves 22,139,570 + 6,016 + 1,088,773 Other cash 309,915 - 18,878 + 2,719 Discounts and advances 1,663,004 + 492,301 + 1,419,720 Industrial loans 3,927 283 570 - U. S. Government securities: Bills 228,200 104,000 40,745 Certificates 4,995,716 7,848,592 Notes - 13,773,671 — — — + 8,705,598 Bonds 4,521,975 — — - 803,252 Total U. S. Government securities 23,519,562 - 104,000 + 13,009 Total loans and securities 25,186,493 + 388,018 + 1,432,159 Due from foreign banks 23 — — — - 10 F. R. notes of other banks 156,895 - 22,031 - 341 Uncollected cash items 3,610,364 - 58,021 + 257,070 Bank premises 45,566 - 30 + 2,680 Other assets 153,607 + 8,251 + 26,512 TOTAL ASSETS 51,602,433 + 303,325 + 2,809,562 L I A B I L I T I ES Federal Reserve notes 25,499,509 + 159,074 + 1,129,399 Deposits: Member bank--reserve accounts 20,333,944 - 115,421 + 667,282 U. S. Treasurer--general account 788,896 + 200,737 + 336,443 Foreign 643,367 - 11,162 + 75,597 Other 249,545 + 13,510 25,065 Total deposits - 22,015,752 + 87,664 + 1,054,257 Deferred availability cash items 3,082,806 + 120,497 + 569,744 Other liabilities and accrued dividends 18,494 + 115 4* 2,173 TOTAL LIABILITIES 50,616,561 + 367,350 + 2,755,573 C A P I T AL A C C O U N TS Capital paid in ——— " 248,217 + 69 + 13,506 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts — mm 171,770 - 64,094 + 12,163 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,602,433 + 303,325 + 2,809,562 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.6$ - .2$ + .2% Contingent liability on acceptances purchased for foreign correspondents 16,445 9U + 1,962 Industrial loan commitments 3,882 - 14 - 2,975 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 5, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 1,514,657 309 137,500 16 to 90 days 148,347 1,364 90,700 91 days to 1 year 1,921 6,715,9^1 Over 1 year to 5 years 333 14,146,950 Over 5 years to 10 years 1,070,224 Over 10 years 1,358,247 Total Digitized for FRASER 1,663,004 3,927 23,519,562 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 5, 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 21,433,103 730,411 6,494,984 1242,714 1504,964 1010,588 859,547 4318,479 664,748 380,900 817,955 659,281 2748,532 Redemption fund for F. R. notes 706,46? 62,048 69,529 55,464 83,013 76,654 50,392 105,977 50,363 24,755 39,640 28,740 59,892 Total gold certificate reserves 22,139,570 792,459 6,564,513 1298,178 1587,977 1087,242 909,939 4424,456 715,111 405,655 857,595 Other Cash 309,915 28,571 62,610 17,231 24,430 18,263 24,410 6o,o4l 14,897 6,190 11,782 10,949 30,541 Discounts and advances 1,663,004 22,160 481,245 48,830 72,660 94,960 61,235 454,170 86,435 40,415 138,913 57,160 104,821 Industrial loans 3,927 - - -- 3,488 — — 66 289 — — — — 84 U. S. Govt, securities: Bills 228,200 . 71,921 12,771 20,284 13,734 11,762 40,096 11,014 6,468 8,895 9,314 21,941 Certificates 4,995,716 352,735 1,153,587 313,991 498,692 337,650 289,147 715,757 270,762 159,018 218,693 Notes 13,773,671 972,559 3,180,547 865,703 1374,943 930,935 797,206 1973,381 746,519 438,430 602,956 Bonds 4,521,975 319,297 1,044,192 284,215 451,402 305,631 261,727 647,872 245,087 143,939 197,954 Total U. S. Government securities 23,519,562 1644,591 5,450,247 1476,680 2345,321 1587,950 1359,842 3377,106 1273,382 747,855 1028,498 1076,897 2151,193 Total loans and * — — — —— • * ' " 1 securities 25,186,493 1666,751 5,931,492 1528,998 24l7,98l 1682,976 1421,366 3831,276 1359,817 788,354 1167,4ll 1134,057 2256,014 Due from foreign banks 23 1 1/ 7 2 2 1 1 3 1 1 1 1 2 F.R..notes of other bank s156,895 4,537 22,632 7,166 6,820 27,210 16,759 16,312 8,186 10,713 9,257 5,305 21,998 Uncollected cash items 3,610,364 292,373 642,828 243,102 309,237 292,270 226,272 628,100 167,303 113,003 198,449 152,511 344,916 Bank premises 45,566 971 7,728 3,096 4,673 4,830 3,805 6,636 3,068 1,057 2,305 625 6,772 Other assets 153,607 13,255 33,829 9,290 15,349 10,101 9,547 21,727 7,853 4,703 6,848 7,422 13,683 TOTAL ASSETS 51,602,433 2798,918 13,265,639 3107,063 4366,469 3122,893 2612,099 8988,551 2276,236 1329,676 2253,648 1998,891 5482,350 l/ 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 NOVEMBER 5, 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. Ka.ns.Cy. Dallas SanFran, Federal Reserve notes 25,499,509 1538,113 5,560,303 1784,703 2316,449 1850,142 1408,749 4827,415 1202,686 640,710 1007,550 756,171 2606,518 Deposits: Member bank-reserve accts. 20,333,944 880,326 6,428,300 943,178 1520,872 859,928 896,973 3231,120 774,452 495,063 958,295 988,242 2357,195 U.S.Treasurer-general acct. 788,896 47,043 . 79,047 38,659 104,006 36,685 36,990 174,249 70,832 56,614 63,812 43,177 37,782 Foreign 643,36? 39,841 1/194,814 50,123 59,119 32,773 27,632 89,321 24,419 16,708 24,419 24,419 59,779 Other 249,545 3,516 173,873 8,857 4,722 640 36,350 Total deposits 22,015,752 970,726 6,876,034 1040,817 1688,951 934,108 963,330 3496,318 877,653 570,733 1049,498 1056,478 2491,106 Deferred avail, cash items 3,082,806 227,177 542,583 205,831 267,471 285,195 194,548 526,098 154,961 90,815 156,703 142,977 288,447 Other liabilities and accrued dividends 18,494 916 5,315 950 2,293 903 857 2,696 737 700 680 716 1,731 TOTAL LIABILITIES 50,616,561 2736,932 12,984,235 3032,301 4275,164 3070,348 2567,484 8852,527 2236,03173 02,958 2214,43 11956,3425 387,802 Capital paid in 248,217 13,234 78,242 17,160 23,748 10,903 10,291 31,981 8,626 5,492 9,4oo 12,196 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 171,770 11,549 36,100 11,620 15,903 11,268 9,691 23,013 9,264 6,090 8,313 10,836 18,123 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,602,433 2798,918 13,265,639 3107,063 4366,46 93122,893 2612,099 8988,551 2276,236 1329,676 2253,648 1998,891 5482,350 Contingent liability on acceptances purchased for foreign correspondents 16,445 1,020 2/4,966 1,283 1,513 839 707 2,286 625 427 625 625 1,529 Industrial loan commitments 3,882 1,773 751 71 138 775 374 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,367,544 1594,644 5,805,367 1837,952 2374,16 41903,247 1465,281 4911,884 1240,558 652,018 1035,121 787,647 2759,661 Collateral for F.R. notes: Gold certificates 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 Eligible paper 971,019 19,370 465,455 45,320 — 90,465 84,725 39,245 137,203 89,236 U. S. Govt, securities 13,790,000 1300,000 1,400,000 1100,000 1650,00 01400,000 1000,000 2100,0009 75,000 505,000 800,000 560,000 1000,000 Total collateral 27,940,019 1719,370 6,385,455 1895,320 2410,00 02000,465 1510,000 4950,000 1339,725 704,24 51217,203 819,000 2989,236 1/ After deducting $448,535,000 participations of other Federal Reserve Banks. 2/ After deducting $11,4-79,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis