H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H*4«l (For Immediate Release) November 20, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended November 19, Member Bank reserves increased fioi Principal changes supplying reserves were an increase of $497 million in Reserve Bank credit and a decrease of $63 million in Money n circulation. The principal offsetting changes were increases of $198 million w?+hrS^ryidDP°SitS n1*!1 Fe?efal Reserve Banks, $52 million in Foreign deposits with Federal Reserve Banks, $14 million in Other deposits with Federal Reserve Banks, and $10 million in Treasury cash holdings. , increase of $497 million in Reserve Bank credit resulted from an •TSSiS r rn ts Government securities reflected increases of $14 million in certificates and $4 million in bonds, and a decrease of $22 million in bills. Change since Member Bank Reserves Nov. 19, Nov. 12, Nov. 21, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S, Government securities 23,563 - 4 + 288 Loans, discounts and advances 1,490 - 98 +1,259 Float l,l4o +598 98 Total 26,193 +497 +1,448 Gold stock 23,337 - 1 +1,004 Treasury currency outstanding 4,797 + 3 + 108 Money in circulation 29,842 - 63 +I,l4l Treasury cash holdings 1,292 + 10 + 7 Treasury deposits with F. R. Banks 703 +198 Foreign deposits with F. R. Banks 339 691 + 52 Other deposits with F. R. Banks 113 258 Other F. R. accounts (net) + 14 36 803 - 2 29 Member bank reserves 20,738 +291 895 ^0,013 Required reserves (estimated) Excess reserves (estimated) +147 + 775 +144 + 120 Daily average excess reserves (estimated) 804 + 25 57 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 Nov. 19, Nov. 12, Nov. 21, 1952 1952 1951 A S S E TS Gold certificates 21,410,102 - 9,999 + 983,920 Redemption fund for F. R. notes 720,716 + 6,790 + 4l,28o 3,209 + 1,025,200 Total gold certificate reserves 22,130,010 Other cash 314,992 t 25,701 + 14,241 Discounts and advances 1,486,454 - 96,973 + 1,259,444 Industrial loans 3,580 - 570 - 738 U. S, Government securities: Bills 253,250 22,200 + 126,280 Certificates 5,009,916 14,200 , 7,736,282 Notes 13,773,671 + 8,705,598 Bonds 4,525,975 4,000 807,802 Total U. S. Government securities 23,562,012 4,000 + 287,794 Total loans and securities 25,052,846 101,543 + 1,546,500 Due from foreign banks 23 10 F. R. notes of other banks 165,484 10,505 7,892 Uncollected cash items 4,665,227 669,871 + 524,109 Bank premises 45,699 128 + 2,572 Other assets 170,861 8,978 + 25,524 TOTAL ASSETS 52,545,950 + 610,431 + 3,130,244 L I A B I L I T I ES Federal Reserve notes 25,611,114 - 22,652 + 1,067,883 Deposits: Member bank--reserve accounts 20,737,661 + 290,312 + 895,122 U, S. Treasurer--general account 702,681 + 197,456 + 338,688 Foreign 691,390 + 52,329 + 113,158 Other 258,284 +_ 13,848 + 36,077 Total deposits 22,390,016 + 553,945 + 1,383,045 Deferred availability cash items 3,525,498 + 71,979 + 622,556 Other liabilities and accrued dividends 19,094 . Jl + 1,848 TOTAL LIABILITIES 51,545,722 603,201 4- 3,075,332 C A P I T AL A C C O U N TS Capital paid in 248,333 83 + 13,202 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 186,010 7,147 + 13,390 — TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,545,950 + 610,431 + 3,130,244 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.1# .5$ - .2# Contingent liability on acceptances purchased for foreign correspondents 17,373 273 + 322 Industrial loan commitments 4,292 4o6 - 1,981 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 19, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 1,313,176 313 78,800 16 to 90 days 173,278 1,204 3,880,200 91 days to 1 year 1,737 3,028,391 Over 1 year to 5 years 326 14,146,950 Over 5 years to 10 years 1,070,224 mm mm mm Over 10 years 1,358,247 Digitized for FRASE T R o tal 1,486,454 37530 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDlTluM OF THE FEDERAL RESERVE BANKS ON NOVEMBER 19, 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 21,410,102 686,209 6,659,947 1252,084 1490,249 997,280 838,860 4336,968 602,851 355,710 883344,,334477 681,528 2674,069 Redemption fund for F. R. nates 720,716 6l,6l8 78,129 56,643 82,443 72,982 49,999 115,402 50,183 25,664 39,506 28,598 59,549 Total gold certificate reserves 22,130,818 747,827 6,738,076 1308,727 1572,692 1070,262 888,859 4452,370 653,034 381,374 873,853 710,126 2733,618 Other cash 314,992 24,955 65,624 16,601 22,731 18,769 23,958 59,623 17,254 5,993 11,623 10,695 37,166 Discounts and advances 1,486,454 5,805 291,080 32,455 87,235 61,790 68,035 360,485 82,285 52,575 100,184 44,910 299,615 Industrial loans 3,580 -- -- 3,149 — 62 285 mm mm 84 •» — U. S. Govt, securities: Bills 253,250 395 105,931 13,227 21,008 14,224 12,l8l 30,097 11,407 6,699 9,212 9,646 19,223 Certificates 5,009,916 354,451 1,167,787 313,991 498,692 337,650 289,147 714,443 270,762 159,018 218,693 228,984 456,298 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 4,525,975 320,839 1,048,192 284,215 451,402 305,631 261,727 646,692 245,087 143,939 197,954 207,269 413,028 Total U. S. Government securities 23,562,812 1652,941 5,502,457 1477,136 2346,045 1588,440 1360,261 3361,018 1273,775 748,086 1028,815 1077,229 2146,609 4-r> 1 1 AMJ) securities 25,052,846 1658,746 5,793,537 1512,740 2433,280 1650,292 1428,581 3721,503 1356,060 800,745 1128,999 1122,139 2446,224 Due from foreign banks 23 l l/ 7 2 2 1 1 3 1 1 1 1 g F.R.notes of other banks 165,484 2,6l6 247482 8,326 7,457 30,002 19,894 17,675 8,982 8,745 9,285 7,431 20,$89 4,665,227 879,311 298,249 719,188 130,829 Uncollected cash items 476,703 407,540 379,856 294,264 192,099 230,282 201,137 455,769 4,832 6,636 3,068 625 6,781 Bank premises 45,699 971 7,751 3,195 4,670 3,808 1,057 2,305 170,861 23,785 8,823 5,281 8,367 15,376 Other assets 14,721 37,976 10,388 16,772 11*348 10,466 7,558 TOTAL ASSETS 52,545,950 2926,540 13,546,764 3158,228 4465,144 3165,362 2669,831 9000,783 2239,321 1334,025 2263,906 2060,521 5715,525 1/ After deducting $l6,000 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 NOVEMBER 19, 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 25,611,114 1557,025 5,603,324 1798,546 2335,809 1857,102 1402,324 4850,084 1207,453 642,488 1007,110 752,099 2597,750 Deposits: Member bank-reserve accts. 20,737,661 913,549 6,405,859 959,862 1555,045 880,346 906,700 3306,424 762,551 499,150 971,093 1032,220 2544,862 U.S.Treasurer-general acct. 702,681 35,554 181,535 48,845 80,127 40,120 36,817 79,081 33,285 40,703 34,547 32,447 59,620 Foreign 691,390 42,730 1/210,310 53,758 63,406 35,149 29,636 95,799 26,190 17,919 26,190 26,190 64,113 Other 258,284 4,380 186,165 J*206_ 8,028 5,820 1,667 1,880 7,791 1,052 2,461 516 37,318 Total deposits 22,390,016 996,213 6,983,869 1063,671 1706,606 961,435 974,820 3483,184 829,817 558,824 1034,291 1091,373 2705,913 Deferred avail, cash items 3,525,498 309,296 668,824 219,403 328,140 292,394 246,359 526,808 160,341 104,981 181,906 173,030 314,016 Other liabilities and accrued dividends 19,094 997 6,148 966 1,895 970 959 2,615 697 567 743 84l 1,696 TOTAL LIABILITIES 51,545,722 2863,531 13,262,165 3082,586 4372,450 3111,901 2624,462 8862,691 2198,308 1306,860 2224,050 2017,343 5619,375 Capital paid in 248,333 13,243 78,292 17,175 23,752 10,907 10,299 31,991 8,633 5,493 9,407 12,197 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 ljb) 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 186,010 12,563 39,245 12,485 17.288 12,180 10,437 25,071 10,071 6,536 8,945 11,464 19.725 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 52,545,950 2926,540 13,546,764 3158,228 4465,144 3165,362 2669,831 9000,783 2239,321 1334,025 2263,906 2060,521 5715,525 Contingent liability on acceptances purchased for foreign correspondents 17,373 1,077 2/5,246 1,355 1,599 886 747 2,415 660 452 660 660 1,616 Industrial loan commitments 4,292 2,202 751 71 126 775 367 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,582,748 1618,445 5,866,076 1851,492 2409,348 1911,385 1470,373 4951,804 1245,575 653,884 1038,329 787,199 2778,838 Collateral for F.R. notes: Gold certificates 13,179,000 400,000 4,520,000 750,000 785,000 535,000 510,000 2800,000 280,000 160,000 280,000 259,000 1900,000 Eligible paper 885,779 3,015 274,490 28,945 57,445 80,575 51,405 98,474 291,430 U. S. Govt, securities 14,015,000 1300,000 1,500,000 1100,000 1650,000 1400,000 1000,000 2200,000 1000,000 505,000 800,000 560.000 1000,000 Total collateral 28,079,779 1703,0156,294,490 1878,945 2435,000 1992,445 1510,000 5000,000 1360,575 716,405 1178,474 819,000 3191,430 1/ After deducting $48l,062,000 participations of other Federal Reserve Banks. 2/ After deducting $12,127,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis