H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release)' November 28, 1952 CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items During the week ended November 26, Member bank reserves increased $179 million. The principal changes supplying reserves were an increase of $108 million in Reserve Bank credit and decreases of $386 millio nin Treasury deposits with Federal Reserve Banks and $25 million in Treasury cash holdings. The principal offsetting changes were increases of $310 millio nin Money in circulation# $18 million in Other deposit swith Federal Reserve Banks and $15 million in Foreign deposits with Federal Reserve Banks. The increase of $108 millio nin Reserve Bank credit resulted from increases of $198 million in U. S, Government securities and $129 million in Loans, discounts and advances, and a decrease of $219 million in Float. Holdings of U <Si Government securities reflected increases of $188 millio nin bills, $8 million in certificates, and $2 million in bonds. Member Bank Reserves Nov. 26, Nov. 19, Nov. 28, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 23,761 +198 + 522 Loans, discounts and advances 1,619 +129 +1,131 Float 921 -219 - 32 Total 26,301 +108 +1,622 Gold stock 23,338 + 1 +1,006 Treasury currency outstanding 4,797 + 104 Money in circulation 30,152 +310 +1,410 Treasury cash holdings 1,267 - 25 - 21 Treasury deposits with F. R, Banks 317 , -386 - 231 Foreign deposits with F. R. Banks 7©6-*1 + 15 + 157 276-0 + 18 + 75 Other deposits with F. R. Banks 801 - 2 + 27 Other F. R. account s(net) Member bank reserves 20,917 +179 +1,31^ Required reserves (estimated) 20,314 +328 +1,085 Excess reserves (estimated) &G&501 -149 + 225 Daily average excess reserves (estimated) 673 -131 + 44 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. 26, Nov. 19, Nov. 28, 1952 1952 1951 A S S E TS Gold certificates 21,418,102 + 8,000 + 987,919 Redemption fund for F. R. notes 726,947 + 6,231 + 41,511 Total gold certificate reserves 22,145,049 + 14,231 + 1,029,430 Other cash 294,348 20,644 7,192 - - Discounts and advances 1,614,926 + 128,472 + 1,131,791 Industrial loans 3,786 + 206 599 - U. S. Government securities: Bills 441,250 + 188,000 + 324,280 Certificates 5,018,416 + 8,500 - 7,701,182 Notes 13,773,671 + 8,705,598 —- * Bonds 4,527,475 + 1,500 - 806,802 Total U. S. Government securities 23,760,812 + 198,000 + 521,894 Total loans and securities 25,379,524 + 326,678 + 1,653,086 Due from foreign banks 23 mm ^ mm - 10 F. R. notes of other banks 159,093 - 6,391 - 21,081 Uncollected cash items 3,910,876 754,351 + 283,190 - Bank premises 45,718 19 + 2,685 Other assets 180,739 + 9,878 + 26,935 TOTAL ASSETS 52,115,370 430,580 + 2,967,043 - L I A B I L I T I ES Federal Reserve notes 25,881,949 + 270,835 + 1,279,961 Deposits: Member bank--reserve accounts 20,917,317 + 179,656 + 1,314,755 U. S. Treasurer--general account 317,401 385,280 230,981 - - Foreign nu, 1^1? 705,851-+ 14,46l + 157,028 Other + 17,315 + 74,509 Total deposits 22,216,168 173,848 + 1,315,311 - Deferred availability cash items 2,989,508 535,990 + 314,706 - Other liabilities and accrued dividends 20,292 + 1,198 + 1,658 TOTAL LIABILITIES 51,107,917 - 437,805 + 2,911,636 C A P I T AL A C C O U N TS Capital paid in 248,568 + 235 + 13,295 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 193,000 + 6,990 + 13,792 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,115,370 430,580 + 2,967,043 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 46.0$ Contingent liability on acceptances purchased for foreign correspondents 17,379 6 354 Industrial loan commitments 4,091 201 2,334 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 26, 1952 (Callable Government securities classified according to nearest cal ldate) Discounts and Industrial U. S. Government advances loans securities Within 15 days 1,431,985 306 149,000 l6 to 90 days 182,870 1,228 4,008,000 91 days to 1 year 71 2,077 3,028,391 Over 1 year to 5 years 175 14,146,950 Over 5 years to 10 years 1,070,224 Over 10 years 1,358,247 Total 1,614,926 3,786 23,760,812 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 NOVEMBER 26, 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 21,418,102 709,06l 6,678,972 1240,143 1438,617 932,295 857,458 4357,656 567,916 361,259 811,825 707,781 2755,119 Redemption fund for F. R. notes 726,947 63,323 77,123 56,134 82,053 80,630 49,741 115,018 50,068 25,613 39,404 28,513 59,327 Total gold certificate reserves 22,145,049 772,384 6,756,095 1296,277 1520,670 1012,925 907,199 4472,674 617,984 386,872 851,229 736,294 2814,446 Other cash 294,348 22,968 51,759 14,312 21,238 21,174 25,333 54,877 18,108 6,178 11,355 11 >387 35,659 Discounts and advances 1,614,926 11,980 218,580 51,755 129,835 130,140 65,835 415,805 119,335 21,200 153,986 36,410 260,065 Industrial loans 3,786 -- " 3,349 72 281 — - 84 — — — m. — U. S. Govt, securities: Bills 441,250 22,736 194,795 20,141 31,988 21,659 18,548 45,828 17,369 10,200 14,028 14,688 29,270 Certificates 5,018,41b 354,451 1,176,287 313,991 498,692 337,650 289,147 714,443 270,762 159,018 218,693 228,984 456,298 Notes 13,773,671 977,256 3,180,547 665,703 1374,943 930,935 797,206 1969,786 746,519 438,430 602,956 631,330 1258,060 Bonds 4,527,475 320,839 1,049*692 284,215 451,402 305,631 261,727 646,692 245,087 143,939 197,954 207,269 413,028 Total U. S. Government securities 23>760,8l2 1675,282 5,601,321 1484,050 2357,025 1595,875 1366,628 3376,749 1279,737 751,587 1033,631 1082,271 2156,656 Total loans and securities 25,379,524 1687,262 5,819,901 1539,154 2486,8601 726,087 1432,744 3792,554 1399,072 772,871 1187,617 1118,681 2416,721 Due from foreign banks 23 1 1/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other bank s159,093 4,739 18,207 5,688 7,817 33,919 18,663 15,584 7,625 6,616 9,120 8,7U 22,404 Uncollected cash items 3,910,876 318,023 794,452 252,299 318,089 300,813 237,960 632,539 169,566 103,632 234,571 166,879 382,053 Bank premises 45,718 966 7,752 3,189 4,662 4,834 3,831 6,696 3,046 1,054 2,305 625 6,758 Other assets 180,739 15,539 40,877 10,905 17,853 12,130 10,932 24,929 9,221 5,493 7,959 8,752 16,149 TOTAL ASSETS 52,115,370 2821,882 13,489,050 3121,826 4377,191 3111,883 2636,663 8999,856 2224,623 1282,717 2304,157 2051,330 5694,192 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 FEDERA LRESERVE BANKS ON NOVEMBER 26, 1952 (In thousands of dollars) H.4.1(c) 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. 25,881,949 1581,505 5,688,138 1830,256 2358,858 1874,025 1413,819 4893,795 1212,57 0644,4l4 1012,295 752,615 26x9^659 Federal Reserve notes Deposits: Member bank-reserve accts. 20,917*317 853,803 6,494,062 935,040 1571,445 895,947 912,310 3356,915 766,704 490,346 1029,031 1055,806(2555,908 28,561 26,808 17,789 1,098 25,339 43,005 36,814 23,937 33,032 19,126V 36,379 U.S.Treasurer-general acct. 317,401 25,513 1/216,148 55,318 65,246 36,169 30,496 98,579 26,950 18,439 26,950 26,950 x6o,6j6 Foreign 111> 43,970 Othe r 275,599 3,663 197,411 2,096 11,573 3,290 3,340 1,594 7,225 2,151 2,212 2,338 £ 0 ^6 1.^3^ Total deposits 22,216,l68 926,949 6,936,182 1019,262 1666,053 936,504 971,485 3500,093 837,693 534,873 1091,225 1104,220 2691,629 Deferred avail, cash items 2,989,508 248,884 572,337 195,193 256,725 246,320 204,635 463,875 132,173 75,454 159,630 150,077 284,205 Other liabilities and accrued dividends 20,292 995 6,198 1,047 2,104 1,047 953 2,888 793 585 834 928 1,920 TOTAL LIABILITIES 51,107,917 2758,333 13,202,855 3045,758 4283,740 3057,896 2590,892 8860,651 2183,229 1255,326 2263,984 2007,840 5597,413 Capital paid in 248,568 13,245 78,318 17,179 23,812 10,968 10,300 32,069 8,633 5,495 9,408 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 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 193,000 13,101 40,815 12,907 17,985 12,645 10,838 26,106 10,452 6,760 9,261 11,776 20,354 TOTAL LIABILITIES AND 52,115,370 2821,882 13,489,050 3121,826 4377,191 3111,883 2636,663 8999,856 2224,623 1282,717 2304,157 2051,330 5694,192; CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 17,379 1,078 2/5,249 1,356 1,599 886 747 2,4l6 660 452 660 660 1,616 Industrial loan commitments 4,091 2,001 751 71 126 775 367 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,771,246 1625,843 5,893,504 1882,214 2418,786 1927,818 1485,751 4983,371 1267,779 656,474 1046,558 794,636 2788,512 Collateral for F.R. notes: Gold certificates 13,229,000 400,000 4,520,000 775,000 785,000 560,000 510,000 2800,000 280,000 160,000 280,000 259,000 1900,000 Eligible paper 911,476 9,190 192,085 48,245 125,145 117,625 20,030 152,276 246,880 U. S. Govt, securities 14,115,000 1300,000 1,500,000 1100,000 1650,000 1400,000 1000,000 2300,000 1000,000 505,000 800^000 560,000 1000,000 Total collateral 28^255^476 1709^190 6^212^085 1923^245 2435,000 2085,145 1510,000 5100,000 1397,625 685,030 1232,276 819,000 3146,880 1/ After deducting $495,021,000 participations of other Federa lReserve Banks. 2/ After deducting $12,130,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis