H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOABD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) December 4, 1952. CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended December 3> Member Bank reserves increased $22 million. The principal changes supplying reserves were an increase of $4^0 million in Reserve Bank credit and a decrease of $123 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were increases of $402 million in Treasury deposits with Federal Reserve Banks, $122 million in Money in circulation, $23 million in Foreign deposits with Federal Reserve Banks, and $11 million in Treasury cash holdings. The increase of $450 million in Reserve Bank credit resulted from increases of $267 million in Float and $207 million in U. S. Government securities and a decrease of $24 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected increases of $147 million in bills, $48 million in certificates, and $12 million in bonds. Change since Member Bank Reserves Dec. 3, Nov. 26, Dec. 5 and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: +207 U. S. Government securities 23,968 + 729 Loans, discounts and advances 1,595 - 24 + 632 Float 1,188 +267 + 309 Total 26,751 +450 +1,670 Gold stock 23,337 - 1 + 956 Treasury currency outstanding 4,803 + 6 + 104 Money in circulation 30,274 +122 +1,383 Treasury cash holdings 1,278 + 11 14 Treasury deposits with F. R. Banks 719 +402 + 218 Foreign deposits with F. R. Banks 734 + 23* + 164 Other deposits with F. R. Banks 147 -123* - 70 + . 30 Other F. R. accounts (net) 800 - 1 Member bank reserves 20,939 + 22 +1,020 Required reserves (estimated) 20,279 - 35 ++11,,008833 - 63 Excess reserves (estimated) + 57 + 138 Daily average excess reserves (estimated) 673 — — * November 26 figures revised. 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 Dec. 3, Nov, 26, Dec. 5, 1952 1952 1951 A S S E TS Gold certificates 21,415,103 2,999 + 934,923 Redemption fund for F. R. notes 729,948 + 3,001 + 44,512 Total gold certificate reserves 22,145,051 + 2 + 979,435 Other cash 285,224 9,124 11,671 • - Discounts and advances 1,591,198 23,728 + 632,273 Industrial loans 3,622 164 748 - - U. S. Government securities: Bills 588,250 + 147,000 + 471,280 Certificates 5,066,716 + 48,300 7,629,882 — Notes 13,773,671 + 8,705,598 — — — Bonds 4,539,475 + 12,000 817,802 - Total U. S. Government securities 23,968,112 + 207,300 + 729,194 Total loans and securities 25,562,932 + 183,408 + 1,360,719 Due from foreign banks 23 - - — - 5 F. R. notes of other banks 164,827 + 5,734 - 174 Uncollected cash items 3,925,667 + 14,791 422,608 Bank premises 45,712 •- 6 + 2,605 Other assets 188,613 + 7,874 + . 25,621 TOTAL ASSETS 52,318,049 + 202,679 + 2,779,138 L I A B I L I T I ES Federal Reserve notes 26,007,090 + 125,141 + 1,276,073 Deposits: Member bank--reserve accounts 20,938,761 + 21,444 + 1,019,864 U. S. Treasurer—general account 719,042 + 401,641 + 217,585 Foreign 734,003 + 22,815* + 163,907 Other 146,586 - 123,676* - 70,039 Total deposits 22,538,392 + 322,224 + 1,331,317 Deferred availability cash items 2,738,027 - 251,481 + 113,715 Other liabilities and accrued dividends 19,501 791 + 1,374 - TOTAL LIABILITIES 51,303,010 + 195,093 + 2,722,479 C A P I T AL A C C O U N TS Capital paid in ' 248,668 + 100 + 13,208 Surplus (Section 7) 538,342 + 28,320 — — — Surplus (Section 13b) 27,543 — w — www Other capital accounts• 200,486 + 7,486 15,131 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,318,049 + 202,679 + 2,779,138 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 4 5.6% - .4% - .5# Contingent liability on acceptances purchased for foreign correspondents 17,364 - 15 - 1,637 Industrial loan commitments 3,940 151 2,502 * November 26 figures revised. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 3, 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 1,462,194 295 256,300 16 to 90 days 128,935 1,283 4,108,000 91 days to 1 year 69 1,875 10,520,141 Over 1 year to 5 years 169 6,655,200 Over 5 years to 10 years 1,070,224 Over 10 years 1,358,247 Total 1,591,198 3,622" 23,968,112 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 DECEMBER 3, 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 21,41$,103 731,433 6>92,420 1250,288 1467,169 981,929 840,442 4417,895 576,463 363,663 736,053 696,305 2861,043 Redemption^fund for 63,323 77,124 §8,134 82,052 80,630 49,741 115,018 50,068 25,613 39,405 29,513 59,327 ?29,948 Total gold certificate ~ reserves 22,145,051 794,756 6,569,544 1308,422 1549,221 1062,559 890,183 4532,913 626,531 389,276 775,458 Other cash 285,224 21,330 53,635 12,235 19,5§7 19,335 23,562 53,298 17,575 5,617 11,063 Discounts and advances 1,591,198 13,930 394,430 57,560 77,160 97,550 74,249 310,5^6 108,285 32,315 143,598 Industrial loans 3,622 - -- 3,200 -- 63 277 -- 82 U. S. Govt, securities: „ , . , . . . . . Bills 588,250 29,831 264,887 26,426 41,971 28,4i8 24,336 60,129 22,788 13,384 18,405 Certificates 5,066,716 354,451 1,224,58? 313,991 498,692 337,650 289,147 714,443 270,762 159,018 218,693 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 Bonds 4,539,475 320,839 1,061,692 284,215 451,402 305,631 261,727 646,692 245,087 143,939 197,954 T°securltie9GOVerPmen~ 23,968,112 1682,377 5,731,713 1490,335 2367,008 1602,634 1372,4l6 3391,050 1285,156 754,771 1038,008 1086,855 2165,789 Total loans and „ „ , , „ , . , . securities 25,562,932 1696,307 6,126,143 1551,095 2444,168 1700,24? 1446,942 3701,596 1393,441 787,168 1181,606 1128,165 2406,054 Due from foreign banks 23 1 l/ 7 2 2 1 1 3 1 1 1 1 . E iT.R.notes of other banks 164,827 3,262 22,569 6,218 7,137 36,559 19,547 17,543 7,149 7,063 7,023 8,329 22,428 Uncollected cash items 3,925,667 330,575 767,807 251,048 365,931 283,178 232,507 690,485 177,975 105,208 198,661 150,390 371,902 Bank premises 45,712 966 7,734 3,189 4,660 4,836 3,830 6,695 3,047 1,054 2,288 621 6,792 Other assets 188,613 l6,048 4l,94l 11,445 18,867 12,576 11,493 26,360 9,683 5,809 8,333 9,082 16,976 TOTAL ASSETS 52,318,049 2863,245 13,589,380 3143,654 4409,553 3119,291 2628,065 9028,893 2235,402 1301,196 2184,433 2033,870 5781,067 l/ 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 DECEMBER 3, 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 26,007,090 1588,218 5,697,082 1839,489 2370,723 1886,559 1431,329 4914,122 1222,344 648,146 1021,131 762,527 2625,420 Deposits: Member bank-reserve accts. 20,938,761 864,5*4-6 6,651,596 937,566 1561,481 885,844 895,834 3296,749 763,486 482,118 914,911 1057,125 2627,505 U.S.Treasurer-general acct. 719,042 35,699 156,848 48,313 60,304 49,822 45,434 135,575 47,578 37,043 40,252 23,845 38,329 Foreign 734,003 44,801 1/229,610 56,363 66,479 36,853 31,072 100,441 27,459 18,788 27,459 27,459 67,219 Other 146,586 3,977 82,585 2,268 5,439 6,150 765 2,020 7,027 2,004 326 713 33,312 Total deposits 22,538,392 949,023 7,120,639 1044,510 1693,703 978,669 973,105 3534,785 845,550 539,953 982,948 1109,142 2766,365 Deferred avail, cash items 2,738,027 261,011 477,614 182,129 248,752 198,515 176,465 436,970 125,014 84,637 139,130 117,611 290,179 Other liabilities and accrued dividends 19,501 1,090 5,806 1,033 2,223 1,057 832 2,701 744 843 721 773 1,678 TOTAL LIABILITIES 51,303,010 2799,342 13,301,141 3067,161 4315,401 3064,800 2581,731 8888,578 2193,652 1273,579 2143,930 1990,053 5683,642 Capital paid in 248,668 13,245 78,319 17,187 23,812 10,969 10,349 32,085 8,634 5,496 9,410 12,201 26,961 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,l4o Other capital accounts 200,486 13,455 42,858 13,324 18,686 13,148 11,352 27,200 10,807 6,985 9,589 12,099 20,963 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,318,049 2863,245 13,589,380 3143,654 4409,553 3119,291 2628,065 9028,893 2235,402 1301,196 2184,433 2033,870 5781,067 Contingent liability on acceptances purchased for foreign correspondents 17,364 1,077 2/5,244 1,354 1,597 886 746 2,4l4 660 451 660 660 1,615 Industrial loan commitments 3,940 1,856 751 71 126 769 367 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,921,802 1638,212 5,931,143 1893,352 2446,489 1938,312 1490,914 5010,700 1275,794 656,977 1049,783 796,075 2794,051 Collateral for F.R. notes: Gold certificates 13,264,000 400,000 4,520,000 775,000 810,000 560,000 510,000 2800,000 280,000 160,000 280,000 269,000 1900,000 Eligible paper 1,034,448 11,140 370,515 54,050 — 91,255 — — 106,575 31,145 141,888 227,880 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 28,413,448 1711,140 6,390,515 1929,050 2460,000 2051,255 1510,000 5100,000 1386,575 696,145 1221,888 829,000 3127,880 l/ After deducting $504,375,000 participations of other Federal Reserve Banks. 2/ After deducting $12,120,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis