H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4,1 (For Immediate Release )December 24, 1952. CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the period ended December 23, Member ban kreserves decreased $148 million. The principal changes reducing reserves were increases of $270 million in Mone yin circulatio nand 4267 million in Treasur ydeposits with F. R. Banks, ,and a decrease of $91 millio nin Gold stock *The principal offsetting changes were an increase of $460 million in Reserv eBank credit and a decrease of $2 7million in Foreig ndeposits with F». R. Banks. The increase of $460 million in Reserv eBank credit resulted from increases of $35 6million in Loans ,discounts an dadvances, $70 millio nin U. S. Government securities, and $35 million in Float .Holdings of U. S. Government securities reflected an increase of $81 millio nin bill sand a decrease of $11 millio nin certificates. NOTE: Next week's statement will be issued Wednesday, December 31# as of Tuesday, December 30. In that statement comparisons with this week will be made with figures for Wednesday, December 24. December 24 figures will also be used in th etables published in th eFederal Reserve Bulletin. Change since Member Bank Reserves Dec. 23, Dec. 17, Dec. 26, and Related Items 1952 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 24,539 • 70 +1,036 Loans, discounts an dadvances 1,382 +356 + 581 Float 1,578 + 35 + 306 Total 27,499 +460 +1,923 Gold stock 23,186 - 91 + 565 Treasury currency outstanding 4,807 + 1 + 103 Money in circulation 30,757 +270 +1,354 Treasury cash holdings 1,274 + 5 - 15 Treasury deposits with F. R, Banks 638 +267 + 349 Foreign deposits with F, R. Banks 702 - 27 + 92 Other deposits with F. R. Banks 208 —— — - 62 Other F. R. account s(net) 863 + 3 + 31 Member bank reserves 21,050 -148 + 842 Required reserves (estimated) 20;382 - 97 + 745 Excess reserves (estimated) 66 8 - 51 + 97 Daily average excess reserves (estimated) 912 +106 + 97 (£t,yj CI^AjQ Xb -^C^L/Uou wt-A-/ T^V ZJamykj: X-'O-V-fc-J XZvCk. Digitized for FRASER http://fraser.stlouisfed.org/ y Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OP CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) -Change since Dec, 23, Dec. 17, Dec. 26, 1952 1952 1951 A S S E T S Gold certificates 21,210,102 - 94,999 + 520,649 Redemption fund for F. R. notes 775,603 +_ 2,427 + _ Total gold certificate reserves 21,905,705 - 92,572 + Other cash 260,434 - 29,595 9,759 Discounts and advances 1,377,920 + 355,478 581,354 Industrial loans 3,616 - 74 1,090 U. S. Government securities: Bills 1,175,300 81,250 + 848,965 Certificates 5,057,666 10,600 - 7,708,932 Notes 13,773,671 + 8,705,598 Bonds 4,532,775 650 - 809,352 Total U. S. Government securities 24,539,412 70,000 + 1,036,279 Total loans an dsecurities 25,920,948 425,404 + 1,616,543 Due from foreign banks 23 F. R. note sof other banks 189,305 4,923 + 22,059 Uncollected cash items 4,734,306 897,872 + 1,034,036 Bank premises 49,006 + 52 + 5,407 Other assets 151,291 + .7,685 .+ 23,234 TOTAL ASSETS 53,291,010 501,975 + 3,200,956 L I A B I L I T I ES Federal Reserve notes " 26,473,539 + 247,632 + 1,271,715 Deposits: Member bank—reserve accounts 21,049,636 148,197 + 842,132 U. S. Treasurer--general account 637,818 266,580 + 349,000 Foreign 702,192 26,839 + 92,092 Other 208,064 +_ 520 61,830 Total deposits 22,597,710 + 92,064 + 1,221,394 Deferred availability cash items 3,156,597 932,165 + 727,967 Other liabilities and accrued dividends 23,938 2,470 + 132 TOTAL LIABILITIES 52,251,704 509,999 + 3,221,200 C A P I T AL A C C O U N TS Capital paid in 251,334 1,090 + 14,947 Surplus (Section 7) 538,342 + 28,320 Surplus (Section 13b) 27,543 Other capital accounts 222,015 6,934 l6,48i TOTAL LIABILITIES AND CAPITAL ACCOUNTS 53,291,015 : 501,975 + 3,200,956 Ratio of gold certificat ereserves to deposit Con an ti d n g F e . n t R . l ia n b o i t l el i i t a y bi o l n it a i c e ce s pt co a m n b c i e n s e p d u rchased 44.8% - .5% - l.l# for foreign correspondents 19,148 + 1,007 - 2,233 Industrial loan commitments 3,632 - 147 - 2,336 MATURITY DISTRIBUTION OF LOAN SAND SECURITIES, DECEMBER 23, 1952 (Callable Government securities classified according to nearest cal ldate) Discounts and Industrial U. S. Government advances loans securities Within 15 day8 1,321,218 973 553,100 16 to 90 days 56,646 623 4,382,500 91 days to 1 year 56 1,655 10,520,141 Over 1 year to 5 years 365 6,655,200 Over 5 years to 10 years 1,070,224 Over 10 years 1,358,247 Digitized for FRAS T E o R t al 1,377,920 3,bib 24,539,412 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITIO NOF THE FEDERA LRESERVE BANKS ON DECEMBE R23, 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 SaoFran. Gold certificates 21,210,102 759,092 5,896,852 1341,361 1504,039 975,376 864,394 4339,277 595,018 342,928 867,447 756,038 2968 280 Redemption fund for ' F. R. note s775,603 64,891 110,378 57,278 85,475 76,732 54,350 119,453 51,901 25,549 41.266 29,382 58.948 Total gold certificate - reserves 21,985,705 823,983 6,007,230 1398,639 1589,51 41052,108 918,744 4458,730 646,919 368,477 908,713 785,420 3027,228 Other cash 260,434 15,092 56,912 9,036 14,453 17,901 21,010 49,108 17,349 4,919 10,621 10,464 33 569 Discounts and advances 1,377,920 27,803 567,398 24,532 64,113 68,961 59,710 303,871 81,962 24,539 62,650 18 387 53 994 Industrial loans 3,6l6 — — 3,238 — 59 183 — __ 136 I. U. S. Govt, securities: ®H1S 1,175>300 ^9,307 640,823 43,679 69,373 46,971 40,224 99,385 37,666 22,121 30,422 31.853 63,476 Certificates 5,057,666 354,451 1,215,537 313,991 498,692 337,650 289,147 714,443 270,762 159,018 218.693 228.984 456,298 N°tes 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 4,532,775 320,839 1,054,992 284,215 451,402 305,631 261,727 646,692 245,087 143,939 197,954 207,269 413,028 TotQ.1 tJ. SG.overnment securities 24,539,412 1701,853 6,091,899 1507,588 2394,410 1621,187 1388,304 3430,306 1300,034 763,508 1050,025 1099,436 2190,862 Total loans an d1 1 ——— - ' - ••—-— '— securities 25,920,948 1729,656 6,659,297 1535,358 2458,523 1710,207 1448,197 3734,177 1381,996 788,183 1112,675 1117,823 2244,856 Due from foreign banks 23 1 1/7 2 21 1 3 1 1 1 12 F.R.notes of other bank s189,305 5,142 25,476 9,895 8,272 39,892 24,531 18,569 10,021 7,708 8,647 8,299 22,853 Uncollected cash items 4,734,306 368,364 1,018,822 310,478 46o,l4l 375,129 288,988 778*571 186,084 111,441 240,839 206 631 388 818 Bank premises 49,006 4,076 7,742 3,269 4,737 4,821 3,829 6,705 3,046 1,054 2^288 648 6 791 Other assets 151,291 10,609 34,531 9,156 14,980 10,170 9,371 21,534 7,882 4.667 6,802 7,522 l4,067 TOTAL ASSETS 53,291,018 2956,923 13,810,017 3275,833 4550,62 23210,229 2714,671 9067,397 2253,298 1286,450 2290,586 2136,808 5738,184 1/ After deducting $16,000 participation sof other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITIO NOF THE FEDERA LRESERVE BANKS ON DECEMBE R23, 1952 H,4.1(c) (in thousands of dollars) L I A B I L I T I ES Total Boston New York Phila, CIeve# Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 26,473,539 1630,736 5,839,823 1887,621 2432,184 1905,449 1462,151 4990,437 1239,252 654,501 1028,442 766,774 2636,119 Deposits: Member bank-reserve accts .21,049,636 898,152 6,588,143 975,546 1550,562 879,855 910,071 3321,310 753,599 477,863 1000,723 1097,842 2595,970 U.S.Treasurer-general acct. 637,818 50,783 83,743 60,807 77,567 47,762 44,027 99,447 45,928 20,054 30,722 37,129 39,849 Foreign 702,192 44,950 1/196,125 56,550 66,700 36,975 31,175 100,775 27,550 18,850 27,550 27,550 67,442 Other 208,064 4,676 141.394 4.003 788 1.140 7.209 201 Total deposits 22,597,710 998,561 7,009,405 1096,906 1699,354 966,940 986,061 3522,672 834,286 518,022 1059,196 1163,001 2743,306 Deferred avail, cash items 3,156,597 260,608 657,658 212,428 320,288 281,022 217,986 407,884 135,856 83,820 160,685 161,432 256,930 Other liabilities and accrued dividends 23,938 1,164 8,646 1,132 2,225 913 965 2,969 766 1,839 814 827 1,678 TOTAL LIABILITIES 52,251,784 2891,119 13,515,532 3198,087 4454,05 13154,324 2667,163 8923,962 -2210,160 1258,182 2249,137 2092,0345 638,033 Capital paid in 251,334 13,562 79,203 17,186 24,200 10,997 10,393 32,282 . 8,796 5,536 9,459 12,235 27,485 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 222.015 15.039 48.220 14.578 20.717 14.534 12.482 30,123 12.033 - 7.596 10.486 13.022 23.185 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 53,291,018 2956,923 13,810,017 3275,833 4550,62 23210,229 2714,671 9067,397 2253,298 1286,450 2290,586 2136,808 5738,184 Contingent liability on acceptances purchased for foreign correspondents 19,148 1,125 2/6,486 1,415 1,669 925 780 2,522 689 472 689 689 1,687 Industrial loan commitments 3,632 1,557 751 70 125 769 360 FEDERAL RESERVE AGENTS* ACCOUNTS F, R. notes outstanding 27,406,937 1663,882 6,073,619 1950,046 2509,320 1961,593 1521,391 5094,907 1289,006 664,798 1059,726 801,333 2817,316 Collateral for F.R. notes; Gold certificates 12,774,000 400,000 3,920,000 850,000 820,000 575,000 510,000 2800,000 280,000 170,000 280,000 269,000 1900,000 Eligible paper 876,528 25,540 542,975 21,685 — 85,800 80,575 23,590 61,263 35,100 U. S. Govt, securities 15,040.000 1300.000 2,200.000 1100.000 1700.000 1400,00 01050.000 2400,000 1025.000 505,000 800,000 560,000 1000.000 Total collateral 28,690,528 1725,540 6,662,975 1971,685 2520,000 2060,800 1560,000 5200,000 1385,575 698,590 1141,263 829,000 2935,100 1/ After deducting $506,050,000 participations of other Federa lReserve Banks. 2/ After deducting $12,662,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis