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 31, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the period ended December 30, Member bank reserves decreased $615 million. The principal changes reducing reserves were a decrease of $864 million in Reserve Bank credit and increases of $143 million in Other deposits with Federal Reserve Banks and $12 million in Treasury cash holdings. The principal offsetting changes were decreases of .$207 million in Treasury deposits with Federal Reserve Banks, $154 million in Money in circulation, and $42 million in Foreign deposits with Federal Reserve Banks, The decrease of $864 million in Reserve Bank credit resulted from decreases of $583 million in Float and $514 million in Loans, discounts and advances, and an increase of $232 million in U, S. Government securities. Holdings of U, S, Government securities reflected increases of $228 million in bills and $8 million in certificates, and a decrease of $4 million in bonds. NOTE: In next week's statement comparisons for this week will be made with figures for Wednesday, December 31. December 31 figures will also be used in the tables published in the Federal Reserve Bulletin. Change since Member Bank Reserves Dec. 30, Dec. 24, Jan. 2 and Related Items 1952 1952 1952 (in millions of dollars) Reserve Bank credit: U. S. Government securities 24,845 +232 +1,187 Loans, discounts and advances 1,218 -514 +1,108 Float 933 -583 - 124 Total 26,996 —864 +2,171 Gold stock 23,186 + 489 Treasury currency outstanding 4,810 + 1 + 104 Money in circulation 30,578 -154 +1,435 Treasury cash holdings 1,278 + 12 + 3 Treasury deposits with F. R. Banks 458 -207 + 450 Foreign deposits with F. R, Banks 687 - 42 + 164 Other deposits with F. R, Banks 344 +143 + 173 Other F, R. accounts (net) 862 - 1 + 117 Member bank reserves 20,785 -615 + 421 Required reserves(estimated) 20,414 - 21 + 729 Excess reserves (estimated) 371 -594 - 308 Daily average excess reserves (estimated) 1,171 +251 + 72 C&X&. &<L<X*to<iaLa* (tQio ^3, ) CAI jx# cZsm&s -VlffL y.y<2^<AvC^-ac--a/ smsovct - jinel, a^€>0 C* 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. 30, Dec. 24, Jan. 2, 1952 1952 1952 A S S E TS Gold certificates 21,185,102. 25,003 + 419,151 Redemption fund for F, R. notes 800,603 + 25,000 + 84,490 Total gold certificate reserves 21,985,705 - 3 + 503,641 Other cash 287,831 + 22,151 32,907 - Discounts and advances 1,214,077 - 514,347 + 1,108,580 Industrial loans 4,000 + 109 - 446 U. S, Government securities: Bills 1,480,350 + 228,000 + 992,490 Certificates 5,064,916 + 7,900 - 7,692,682 Notes 13,773,671 - - — + 8,705,598 Bonds 4,525,975 - 3,500 - 818,152 Total U, S» Government securities 24,844.912 + 232.400 + 1,187.254 Total loans and securities 26,062,989 - 281,838 + 2,295,388 Due from foreign banks 23 — — — - 5 F. R. notes of other banks 216,457 + 24,053 + 7,988 Uncollected cash items 3,800,897 - 790,032 - 432,753 Bank premises 48,960 - 48 + 5,354 Other assets 160.349 + 7,517 + 25,303 TOTAL ASSETS 52,563,211 1,018,200 + 2,372,009 - L I A B I L I T I ES Federal Reserve notes 26,349,987 - 96,372 + 1,324,314 Deposits: Member bank--reserve accounts 20,784,886 614,888 + 421,025 U. S. Treasurer--general account 457,778 - 207,431 4- 450,142 Foreign 687,204 - 41,485 + 163,936 Other 343,874 + 142.824 + 173,097 Total deposits 22,273,742 - 720,980 + 1,208,200 Deferred availability cash items 2,867,856 - 207,546 - 308,433 Other liabilities and accrued dividends 23,713 - 158 + 11,219 TOTAL LIABILITIES 51,515,298 1,025,056 4-2,235,300 C A P I T AL A C C O U N TS Capital paid in 252,390 + 124 + 15,194 Surplus (Section 7) 538,342 — — — Surplus (Section 13b) 27,543 — — — -»«•» — Other capital accounts 229,63,8 + 6,732 + 121.515 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,563,211 - 1,018,200 +2,372,009 Ratio of gold certificate reserves to deposit and F. R„ note liabilities combined 45.2 fo + .7# 1.4$ - Contingent liability on acceptances purchased for foreign correspondents 19,879 + 739 887 Industrial loan commitments 2,992 374 3,243 - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 3Q. 1952 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S, Government advances loans securities Within 15 days 1,163,758 264 903,100 16 to 90 days 50,319 1,423 4,338,000 91 days to 1 year 1,942 10,520,l4l Over 1 year to 5 years 371 6,655,200 Over 5 years to 10 years 1,070,224 Over 10 years 3^.358,247 Total 1,214,077 4,000 24,844,912 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 30, 1952 (in thousands of dollars) A S S E TS Total Boston New York Phila, CIeve. Rich. Atlanta Chicago St,Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 21,185,102 698,480 5,757,733 :1 328,337 1:5 12,060 969,489 863,254 4439,195 670,844 333,690 935,779 722,638 2953,603 Redemption fund for F. R. notes 800.603 64.891 135.378 57.278 85.475 76.732 54.350 ,119,453, „ 51,901 25.549 4411..226666 , 29,382 58.948 Total gold certificate Reserves 21,985,705 763,371 5,893,111 1385,615 1597,535 1046,221 917,604 4558,648 722,745 359,239 977,045 752,020 3012,551 Other cash 287,831 17,671 58,218 15,327 19.877 20,842 23,352 51,138 17,732 5,673 11,560 11,369 35,072 Discounts and advances 1,214,077 11,314 362,619 36,181 60,834 55,955 53,684 4o6,66o 35,546 62,367 46,273 3,151 79,493 Industrial loans 4,000 - - -- 3,577 — 56 232 " -- 135 " - - U. S. Govt, securities i Bills 1,480,350 52,642 909,726 46,633 74,064 50,148 42,944 106,107 40,213 23,617 32,479 34,008 67,769 Certificates 5,064,916 354,451 1,222,787 313,991 498,692 337,650 289,147 714,443 270,762 159,018 218,693 228,984 456,298 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 24,844,912 1705,188 6,361,252 1510,542 2399,101 1624,364 1391,024 3437,028 1302,581 765,004 1052,082 1101,591 2195,155 Total loans and securities 26,062,989 1716,502 6,723,871 1550,300 2459,935 1680,375 1444,940 3843,688 1338,127 827,506 1098,355 1104,742 2274,648 Due from foreign banks 23 1 1/ 7 2 2 1 1 3 1 l l 1 2 F.R.notes of other banks 216,457 5,340 29,479 12,781 10,047 48,983 28,938 20,639 11,394 9,392 8,629 10,489 20,346 Uncollected cash items 3,800,897 398,937 829,591 234,570 349,423 292,454 233,866 587,853 132,232 97,769 172,779 146,956 324,467 Bank premises 48,960 4,071 7,740 3,269 4,742 4,824 3,826 6,682 3,025 1,051 2,288 651 6,791 Other assets 160,349 11,298 36,354 9,957 15,803 10,907 9,884 22,723 8,360 4,935 7,208 7,917 15,003 TOTAL ASSETS 52,563,211 2917,191 13,578,371 3211,821 4457,364 3104,60? 2662,411 9091,374 2233,616 1305,566 2277,865 2034,145 5688,880 l/ After deducting $16,000 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 30, 19>2 (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 26,349,987 1621,161 5,807,379 1869,708 2422,714 1893,149 1451,476 4978,362 1235,424 651,455 1024,783 765,090 2629,286 Deposits: Member bank-reserve accts. 20,784,886 881,418 6,332,887 973,958 1563,082 841,393 899,720 3407,784 765,572 489,126 1000,227 1039,365 2590,354 U.S.Treasurer-general acct, 457,778 34,607 57,916 38,900 39,954 44,861 30,747 40,550 31,124 39,081 43,595 25,213 31,230 Foreign 687,204 44,516 l/l86,023 56,004 66,056 36,618 30,874 99,802 27,284 18,668 27,284 27,284 66,791 Other 343.874 3.452 280.615 1.390 5.073 1.934 874 1.320 11.075 1,146 268 588 36.134 "Total deposits 22,273,742 963,993 6,857,441 1070,252 1674,170 924,806 962,215 3549,456 835,055 548,021 1071,374 1092,450 2724,509 deferred avail, cash items 2,867,856 264,524 606,759 192,566 260,857 229,256 199,876 416,053 118,786 76,945 139,085 130,631 232,518 -Other liabilities and accrued dividends 23.713 1.162 9.287 1.119 2.297 32k 936 3.004 JZ2k 638 852 925 1.705 TOTAL LIABILITIES 51,515,298 2850,840 13,280,866 3133,645 4360,038 3048,205 2614,503 8946,875 2190,059 1277,059 2236,094 1989,096 5588,018 Capital paid in 252,390 13,582 80,139 17,186 24,215 11,000 10,408 32,334 8,797 5,539 9,469 12,236 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 229.638 15.566 50.304 15.008 21.457 15.028 12.867 31.135 12.451 7.832 10.798 13.296 23.896 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,563,211 2917,191 13,578,371 3211,821 4457,364 3104,607 2662,411 9091,374 2233,616 1305,566 2277,865 2034,145 5688,880 Contingent liability on acceptances purchased for foreign correspondents 19,879 1,187 2/6,519 1,493 1,761 976 823 2,661 727 498 727 727 1,780 Industrial loan commitments 2,992 917 751 70 125 769 360 FEDERAL RESERVE AGENTS* ACCOUNTS F. R, notes outstanding 27,433,514 1664,038 6,065,039 1946,581 2507,346 1962,481 1523,039 5119,040 1296,709 666,332 1062,592 804,385 2815,932 Collateral for F„R, notes: Gold certificates 12,374,000 400,000 3,520,000 850,000 820,000 575,000 510,000 2800,000 280,000 170,000 280,000 269,000 1900,000 Eligible paper 638,952 9,485 341,210 33,880 — 54,450 — — 34,425 61,600 45,152 58,750 U. S, Govt, securities 15.440.000 1300.000 2.600.000 1100.000 1700.000 1400.000 1050.000 2400.000 1025.000 505.000 800.000 560.000 1000.000 Total collateral 28,452,952 1709,485 6,461,210 1983,880 2520,000 2029,450 1560,000 5200,000 1339,425 736,600 1125,152 829,000 2958,750 1/ After deducting $501,164,000 participations of other Federal Reserve Banks. 2/ After deducting $>13,360,000 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 31,1952 (In thousands of dollars) |o AS S E TS Total Boston Mew York Phila» CIeve* Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran* Gold certificates 21,185,102 688,429 5,977,523 1271,008 1446,634. 936,348 881,901 4430,854 636,609 327,606 896,784 715,296 2926,110 Redemption fund for F. R„ notes . 800,603 64,891 135,378 57,278 85,475 76,732 54,350 119,453 51,901 25,549 41,266 29,382 58,948 Total gold certificate reserves 21,985,705 753,320 6,112,901 1328,286 1532,109 1063,080 936,251 4550,307 688,510 353,155 938,050 744,678 2985,058 Other cash 322,020 22,031 64,362 18,317 21,491 27,616 27,229 54,784 19,662 5,879 12,294 12,311 36,044 Discounts and advances 156,379 2,214 114,924 5,476 4,184 5,704 2,584 7,360 1,246 1,267 2,525 1,151 7.744 Industrial loans 3,892 3,469 56 232 135 U. S. Govt, securities: Bills 1,340,750 40,466 770,126 46,633 74,064 50,148 42,944 106,107 40,213 23,013 32,479 34,008 80,54.9 Certificates 5,060,616 354,451 1,218,487 313,991 498,692 337,650 289,147 714,443 270,762 159,018 218,693 228,984 456,298 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 4,521,975 320,839 1,044,192 284,215 451,402 305,631 261,727 646,692 245,087 143,939 197,954 207,269 413,028 Total !!• S. Government securities 24,697,012 1693,012 6,213,352 1510,542 2399,101 1624,364 1391,024 3437,028 1302,581 764,400 1052,082 1101,591 2207,935 Total loans and securities 24,857,283 1695,226 6,328,276 1519,1+87 2403,285 1630,124 1393,840 34144,388 1303,827 765,802 105^,607 1102,742 2215,679 : Due from foreign banks 23 1 l/ 7 2 2 1 1 3 1 , s i r " ' il *I 'II if II % il if 1 x1 1if II -f # J.0TAL ASSETS 51,852,494 2880,036 13,456,292 3147,504 4372,855 3131,707 2684,065 8806,288 2210,554 1244,300 2220,227 2059,188 5639,1+78 l/ After deducting $16,000 participations of other Federal Reserve Banks* ^ a Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEtiENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 31, 1952 (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 26,250,299 1603,208 5,796,1+89 1857,370 21+10,657 1887,063 11445,056 4971,415 1230,998 650,889 1022,199 759,282 2615,673 "Deposits j Member bank-reserve accts, 19*950*372 835,721 6,184,727 929,318 1497,699 849,025 895,538 3066,258 731,518 437,867 957,907 1051,212 2513,582 U.S.Treasurer-general acct. 338,808 44,086 54,922 33,092 15,316 28,743 34,241 28,710 31,175 26,412 28,440 25,726 47,945 Foreign 5^9,959 32,457 1/184,537 40,833 48,162 26,699 22,511 72,767 19,893 13,611 19,893 19,893 48,703 Other 454,915 10,013 334,153 7,092 11,270 7,707 5,586 13,177 14,404 4,190 4,039 1,374 41,910 Total deposits 217352+7^55" 922,277 0,740,339 1010,335 1572,447 912,174 957,876 3180,912 796,990 482,080 1010,279 1098,205 2652,140 Deferred avail, cash items 3,271,561 293,075 628,042 205,923 299,246 280,791 237,237 519,440 142,973 84,762 149,141 156,977 273,954 Other liabilities and accrued dividends 14,923 771133 5,996 702 1,431 689 592 1,963 589 455 475 395 923 TOTAL LIABILITIES 50,880,837 2019,273 13,178,066 3074,330 4283,781 3000,717 2640,761 8673,730 2171,55 01218,186 2182,094 2014,859 5542,69b Capital paid in 252,634 1133,,661122 80,18309,139 171,71,8168 62 4,215 11,013 10,408 32,342 8,800 5,719 9,477 12,238 27,485 Surplus (Section 7) 584,676 36,462 167,503 43,578 54,064 29,24S 25,803 84,628 23,628 15,131 21,925 25,381 57,325 Surplus (Section 13b) 27,51+3 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 106,804 7,678 22,465. 7,921 9,789 7,380 6,331 14,159 6,055 4,191 5,594 5,403 9,838 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 51,852,494 2880,036 13,456,292 3147,504 4372,855 3131,707 2684,065 8806,288 2210,554 1244,300 2220,227 2059,188 5639,478 Contingent liability on acceptances purchased for foreign correspondents 19,792 1,227 2/ 5,977 1,544 1,821 1,009 851 2,751 752 515 752 752 i,84i Industrial loan commitments 3,211 "— 1,136 751 70 — 125 — — — 769 — 360 F. R. notes outstanding 27,420,694 1660,206 6,063,954 19411,130 2506,864 1966,222 1519,711 5122,298 1293,600 665,643 1060,282 805,579 2812,205 Collateral for F. R. notes t Gold certificates 12,399,000 400,000 3,520,000 850,000 820,000 600,000 510,000 2800,000 280,000 170,000 280,000 269,000 1900,000 Eligible paper 120,554 385 105,765 3,175 4,200 — 125 500 l,4o4 — 5,000 U.S. Govt, securities 15,141.0,000 1300,000 2,600,000 1100,000 1700,000 1400,00 01050,000 2400,000 1025,000 505,000 800,000 560,000 1000,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within l6 to 91 days to Over 1 year Over 5 years Over Discounts and advances T I o 5 t 5 a 7 l 3 79 1 1 5 1 7 d , a 8 y 7 s 5 90 3 8 d , a 5 y 0 s 4 1 year to 5 years to 10 years 10 years Industrial loans U. S. Govt, securities 24,697 3 , , 0 8 1 9 2 2 925, 2 4 5 00 6 4,167 1 , , 8 9 0 87 0 10,520 1 , , 1 3 4 04 1 6,655, 3 2 4 0 5 0 1,070,224 1,358,247 I/ After deducting $365,403,000 participations of other Federal Reserve Banks• 2/ After deducting $13,815,000 participations of other Federal Reserve Banks* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis