H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4,1 (For Immediate Release) December 18, 1952, CONDITION OF THE FEDERA LRESERVE BANKS Member Bank Reserves and Related Items « . During the week ended December 17, Member ban kreserves increased million,^ The principal changes supplying reserves were an increase of ¥179 million in Reserve Bank credit and decreases of #274 million in Treasury deposits with Federal Reserve Banks, $108 million in Other deposit swith Federal Reserve Banks, and $11 million in Treasury cash holdings. The principal offtta??-,changes were increases of $117 millio nin Money in circulation and #58 million in Other F. R. account s(net), and a decrease of $60 millio nin Gold stock. increase Sl79 million in Reserve Bank credit resulted from increases of S 77 million in Float and $>230 million in U, S, Government securities and a decrease of $730 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected an increase of $256 millio nin bills and decreases of $22 million in certificates and $4 million in bonds, NOTE: Next week's statement will be issued on Wednesday, December 24, as of Tuesday, December 23. Change since Member Bank Reserves Dec, 17, Dec, 10, Dec. 19, and Related Items 1952 1952 1951 (in millions of dollars) Reserve Bank credit: U. S, Government securities 24,469 +230 +1,230 Loans, discounts and advances 1,026 -730 + 573 Float 1,543 +677 - 510 Total 27,039 +179 +1,294 Gold stock 23,277 - 60 + 786 Treasury currency outstanding 4,806 + 2 + 103 Money in circulation 30,487 +117 +1,224 Treasury cash holdings 1,269 - 11 Treasury deposits with F. R, Banks 371 -274 + 365 Foreign deposits with F. R, Banks 729 + 9 + 210 Other deposits with F, R. Banks 208 -108 - 49 Other F, R. account s(net) 860 + 58 + 33 Member bank reserves 21,198 +330 + 400 Required reserves (estimated) 20, im +253 + 712 Excess reserves (estimated) + 77 - 312 it Daily average excess reserves (estimated) 806 +123 - 60 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since Dec. 17, Dec. 10, Dec. 19, 1952 1952 1951 A S S E TS Gold certificates 21,305,101 - 71,003 + 725,647 Redemption fund for F. R. notes 773,176 + -Mr + 65,981 Total gold certificate reserves 22,070,277 - + 791,620 290,029 + 12,735 + 9,583. Other cash Discounts and advances 1,022,442 - 729,690 + 573,663 Industrial loans 3,690 + 229 672 U. S. Government securities: + 256,600 + 977,080 Bills Certificates 5 >068,266 21,950 - 7,651,332 + 8,705,598 Notes 13;773;671 3,900 - 800,852 Bonds Total U. S. Government securities 24,469,412 230,750 +17230,494 Total loans and securities 25,495,5^ - 498,711 + 1,803,485 5 Due from foreign banks " 23 F. R. notes of other "bank s184,382 + 1,513 + 19,791 Uncollected cash items 5,632,178 + 1,979,692 + 590,527 + 3,218 + 5,574 Bank premises ^ zc Other assets 143,606 53,281 + 22,936 TOTAL ASSETS 53,#72,993 + 1,390,409 + 3,243,519 L I A B I L I T I ES Federal Reserve notes 26,225,907 + 113,139 + 1,156,110 Deposits: Member bank--reserve accounts 21,197,833 + 329,980 + 399,409 U» S, Treasurer—general account 371,238 - 273,765 + 365,120 Foreign 729,031 + 9,526 + 210,469 Other 207,544 108,660 49,908 Total deposits 22,505,646 - 42,919 + 925,090 Deferred availability cash items 4,088,762 + 1,302,481 + 1,100,198 Other liabilities and accrued dividends 21,468 801 + 2,746 TOTAL LIABILITIES 52,841,703 + 1,371,900 + 3,184,144 C A P I T AL A C C O U N TS Capital paid in 250,244 1,450 + 14,296 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 215,081 7,139 + 16,759 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 53,072/993 + 1,300,409 + 3,243,519 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 45.3# .2% .3* Contingent liability on acceptances purchased for foreign correspondents l8,l4l 3 3,197 228 2,618 Industrial loan commitments 3,779 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 17, 1952 (Callable Government securities classified according to nearest cal ldate) Discounts and Industrial U. S. Government advances loans securities Within 15 days 938,710 1,392 555,100 16 to 90 days 83,674 129 4,310,500 91 days to 1 year 58 10,520,141 6,655,200 Over 1 year to 5 years Over 5 years to 10 years 1,070,224 Over 10 years 1,358,247 Digitized for FRASTERo tal 1,022,442 37590 £4,469,415 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 17, 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 21,305,101 728,136 6,232,600 1308,760 1438,380 948,965 829,877 4423,592 600,417 335,073 838,895 685,399 2935,007 Redemption fund for F. R. notes 773,176 65,005 105,868 57,531 8855,,663366 77,791 54,454 119,601 51.946 25.566 41.299 29.418 59.061 Total gold certificate reserves 22,078,277 793,141 6,338,468 1366,291 1524,016 1026,756 884,331 4543,193 652,363 360,639 880,194 714,817 2994,068 Other cash 290,029 19,401 65,812 12,093 17,070 18,201 24,077 52,118 17,662 5,427 10,968 ll,l6l 36,039 Discounts and advances 1,022,442 35,953 225,558 23,962 83,878 73,611 58,374 253,511 69,272 53,189 60,403 17,487 67,244 Industrial loans 3,690 •» — T — 3,371 — V 55 126 — — 138 — — — — — — U. S, Govt, securities: Bills 1,094,050 44,198 614,947 39,153 62,185 42,105 36,057 89,089 33,764 19,830 27,270 28,553 56,899 Certificates 5,068,266 354,451 1,226,137 313,991 498,692 337,650 289,147 714,443 270,762 159,018 218,693 228,984 456,298 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 4,533,425 320,839 1,055,642 284,215 451.402 305,631 261.727 646,692 245.087 143.939 197.954 207.269 413.028 Total U. S. Government securities 24,469,412 1696,744 6,077,273 1503,062 2387,222 1616,321 1384,137 3420,010 1296,132 761,217 1046,873 1096,136 2184,285 Total loans and securities 25,495,544 1732,697 6,302,831 1530,395 2471,100 1689,987 1442,637 3673,521 1365,404 814,544 1107,276 1113,623 2251,529 Due from foreign banks 23 1 1/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 184,382 4,137 26,621 8,088 8,435 40,949 20,678 19,136 8,399 8,382 9,987 8,194 21,376 Uncollected cash items 5,632,178 402,584 1,256,126 339,257 596,146 393,891 330,094 988,226 233,405 125,172 277,002 222,525 467,750 Bank premises 48,954 4,076 7,742 3,274 4,657 4,842 3,832 6,705 3,047 1,054 2,288 648 6,789 Other assets 143,606 10,054 32,571 8,718 14,125 9,741 8,950 20,471 7,542 4,488 6,474 7,176 13,296 TOTAL ASSETS 53,872,993 2966,091 14,030,178 3268,118 4635,551 3184,368 2714,600 9303,373 2287,823 1319,707 2294,190 2078,145 5790,849 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 FEDERA LRESERVE BANKS ON DECEMBER 17, 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 26,225,907 1606,459 5,782,830 1859,523 2405,926 1888,694 1448,225 4946,492 1229,226• 651,551 1021,941 760,735 2624,305 Deposits: Member bank-reserve accts. 21,197,833 938,212 6,638,311 983,988 1577,229 896,590 911,448 3373,024 772,516 488,794 990,069 1056,104 2571,548 U.S.Treasurer-general acct. 371,238 16,548 58,794 28,558 38,109 18,482 26,130 41,361 17,933 29,163 29,868 16,283 50,009 Foreign 729,031 44,950 1/222,964 56,550 66,700 36,975 31,175 100,775 27,550 18,850 27,550 27,550 67,442 Other 207,544 4,836 143,824 2.238 3.943 5,146 1,069 1,357 7.918 1,253 515 543 34,902 Total deposits 22,505,646 1004,546 7,063,893 1071,334 1685,981 957,193 969,822 3516,517 825,917 538,060 1048,002 1100,480 2723,901 Deferred avail, cash items 4,088,762 289,001 883,311 258,822 445,622 282,164 248,533 694,984 189,324 101,382 182,308 171,675 341,636 Other liabilities and accrued dividends 21,468 1,097 7.606 1.073 2,111 906 873 2,917 749 643 769 825 1,899 TOTAL LIABILITIES 52,841,783 2901,103 13,737,640 3190,752 4539,64 03128,957 2667,453 9160,910 2245,216 1291,636 2253,020 2033,715 5691,741 Capital paid in 250,244 13,257 78,892 17,178 24,149 10,979 10,385 32,188 8,644 5,512 9,443 12,231 27,386 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 215,081 14,528 46,584 14,206 20,108 14,058 12,129 29,245 11,654 7,423 10,223 12.682 22.241 TOTAL LIABILITIES AND 8 8 8 z CAPITAL ACCOUNTS 53,872,993 2966,091 14,030,178 3268,118 4635,551 3184,368 2714,600 9303,373 2287,823 1319,707 2294,190 2078,145 5790,849 Contingent liability on acceptances purchased for foreign correspondents 18,141 1,125 2/5,478 1,415 1,669 926 780 2,522 689 472 689 689 1,687 Industrial loan commitments 3,779 1,704 751 70 125 769 360 FEDERAL RESERVE AGENTS" ACCOUNTS F» R. notes outstanding 27,240,831 1649,407 6,062,219 1912,513 2499,352 1939,519 1520,927 5056,451 1278,196 662,555 1058,148 798,575 2802,969 Collateral for F. R. notes :5^ ^ (jlC# Gold certificates 12,93^,000 400,000 4,120,000 825,000 820,000 560,000 510,000 2800,000 280,000 170,000 (280,'000 269,000 1900,000 Eligible paper 5^,181 33,690 205,185 21,115 — 69,450 — — 67,885 52,240 — 50,600 U. S. Govt, securities 14,740,000 1300.000 2,000,000 1100,000 1700.000 1400,00 01050,000 2300.000 1025.000 505,000 800,000 560.000 1000,000 Total collateral 28,23^,181 1733,690 6,325,185 1946,115 2520,000 2029,450 1560,000 5100,000 1372,885 727,240 829,000 2950,600 3 l 1/ After deducting $506,050,000 participations of other Federa lReserve Banks. 2/ After deducting $12,663,000 participations of other Federa lReserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis