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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) April 24, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 23, Member bank reserves decreased $3^3 million. The principal changes reducing reserves were an increase of $357 million in Treasury deposits with Federal Reserve Banks and a decrease of $136 million in Reserve Bank credit. The principal offsetting changes were decreases of $103 million in Money in circulation and $38 million in Foreign deposits with Federal Reserve Banks. The decrease of $136 million in Reserve Bank credit resulted from decreases of $249 million in Float and $95 million in U. S, Government securities, and an increase of $208 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected a decrease of $95 million in certificates. Member Bank Reserves and Related Items April 23, 1952 Change since April 25, April 16, 1951 1952 (in millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding . 22,372 835 766 23,973 23,295 4,738 - 95 +208 -249 -136 + 2 + 1 - 568 + 681 + 71 + 184 +1,488 + 97 Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net) 28,333 1,287 877 538 271 824 -103 - 1 +357 - 38 6 - 1 +1,211 9 + 199 - 354 49 + 71 Member bank reserves 19,875 -343 + 699 19,08f -113 -230 + + 601 98 -169 - 210 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 605 t H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since April 25 April 16, 1951 1952 April 23, 1952 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 21,414,251 695,271 22,109,522 + 1,468,349 + 72,979 + 1,5^1,328 1 1 2 - - Other cash 376,972 + 15,215 + 36,434 Discounts and advances Industrial loans Acceptances purchased U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 830,322 5,070 + + 208,220 75 + + 681,094 549 11,668,306 5,568,073 5,135,823 22,372,202 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 23,207,594 28 160,023 3,636,182 44,559 165,445 49,700,325 - - 95,000 + 113,295 + - •f - + CAPITAL A C C O U N T S Capital paid in ' Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 242,644 538,342 27,543 208,518 49,700,325 + - 4,307 859,756 14 7,469 719,458 86,400 + - + - 343,151 357,211 38,083 5,560 297553 610,439 654 725,768 177 — - + — — — 19,874,813 876,990 537,954 271,374 21,561,131 2,870,664 17,162 48,683 278 8,096 6,627 1,424,698 +11,668,306 - 24,234,321 48.3# 95,000 - » — L I A B I L I T I E S Federal Reserve notes Deposits: Member bank—reserve accounts U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 258 - + + + - + 9,377,060 1,434,436 567,886 113,497 5 24,561 364,832 3,688 2,629 2,081,706 + 1,220,061 + + : 699,254 198,587 353,788 + + 293,986 2,743 +£95,281 + 2,012,071 + + 13,922 28,320 6,133 + 27^393 719,458 + 2,081,706 + .1% + + 47 82 + 1.6# - 22,901 + 3,874 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 23, 1952 (Callable Government securities classified according to nearest call date) Discounts and advances Within 15 days 16 to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total 771,470 58,852 Industrial loans 868 772 2,228 1,202 830,322 5,070 U. S. Government securities 450,856 12,837,675 5,941,352 1,013,614 2,128,705 22,372,202 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 23, 1952 (in thousands of dollars) H.4.1(b) A S S E T S Gold certificates Redemption fund for F. R. notes Total Boston 21,414,251 752,395 695,271 61,344 Cleve. Rich. Atlanta Chicago i St,Louis Mpls, Kans.Cy. Dallas SanFran. 7,079,900 1330,688 1534,995 946,390 807,728 4182,462 559,646 368,938 725,186 606,256 2519,667 New York 72,425 Phila, 53,588 79,648 63,912 48,509 115,650 Total gold certificate reserves 22,109,522 813,739 7,152,325 1384,276 1614,643 1010,302 856,237 4298,112 48,716 36,664 24,779 27,726 62,310 608,362 393,717 761,850 633,982 2581,977 12,440 Other cash 43,812 11,476 20,258 25,686 23,806 30,695 23,398 67,796 6,175 78,097 33,333 376,972 Discounts and advances 52,601 32,308 289,136 23,398 23,389 146,982 830,322 9,145 59,455 9,574 143,539 5,223 35,572 — — — Industrial loans 822 126 4,022 5,070 95 5 U. S. Govt, securities: Certificates 11,668,306 791,030 2,511,847 716,505 1163,307 779,781 685,991 1802,403 64o,66o 371,064 561,164 551,409 1093,145 Notes 5,568,073 377,476 1,198,645 341,913 555,126 372,109 327,353 860,100 305,721 177,070 267,785 263,130 521,645 Bonds 5,135,823 348,173 1,105,594 315,370 512,031 343,222 301,940 793,331 281,987 163,324 246,997 242,704 481,150 — mm mm Total U. S. Government securities 22,372,202 Total loans and securities mm mm mm mmmmmm 1516,679 4,816,086 1373,788 ;2230,464 1495,112 1315,284 3455,834 1228,368 711,458 1075,946 1057,243 2095,940 23,207,594 1521,902 5,105,222 1386,955 2283,065 1527,515 1339,495 3602,816 1263,940 734,982 1135,401 1066,822 2239,479 Due from foreign banks 28 F.R.notes of other banks 160,023 Uncollected cash items 3,636,182 Bank premises 44,559 Other assets 165,445 TOTAL ASSETS ^mmmm 2 4,362 302,335 1,003 13,092 1 1/ 8 2 1 3 22,673 21,360 6,932 36,756 7,297 671,822 215,581 315,603 279,696 242,115 2,832 3,294 4,325 4,778 7,653 9,842 16,389 11,232 10,076 35,048 49,700,325 2680,241 13,071,535 3032,705 4272,108 2893,225 2506,990 4 16,019 588,967 6,544 24,801 l 8,129 148,442 3,209 8,710 1 5,807 91,856 1,075 5,063 1 5,984 181,798 215,135 2,410 650 8,022 7,838 1 6,656 3 18,048 382,832 6,786 15,332 8605,059 2061,051 1238,676 2108,578 1941,888 5288,269 l/ After deducting $20,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON" APRIL 23, 1952 (In thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St. Louis Mpls. Kans.Cy. Dallas SanFran. 24,234,321 1493,488 5,369,297 1717,907 2230,371 1689,362 1310,141 4632,332 1117,420 621,625 955,004 676,562 2420,812 Federal Reserve notes Deposits: 6,443,722 928,370 1514,179 833,644 869,235 3132,627 692,358 449,453 917,841 937,530 2347,060 Member bank-reserve accts. 19,874,813 808,794 44,949 32,750 68,498 51,830 79,941 90,491 119,973 47,590 50,493 192,899 52,219 876,990 45,357 U.S.Treasurer-general acct 13,967 20,4l4 20,414 49,974 41,902 49,422 27,397 23,100 74,671 20,4l4 537,954 33,306 l/l62,973 Foreign 1.688 499 448 31,961 212.686 2.480 3,903 2.878 1,892 1,963 6,976 4,000 271.374 Other Total deposits Deferred avail, cash items Other liabilities and accrued dividends TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 21,561,131 891,457 6,899,322 1063,243 1687,477 911,509 944,720 3402,160 771,967 510,809 173,650 257,255 236,418 204,306 425,486 128,491 2,870,664 229,643 17,162 984 4,788 858 2,125 856 841 2,375 721 510,057 971,504 1026,890 2480,825 78,327 l4o,ll8 196,143 290,018 616 708 766 1,524 1210,625 2067,334 1900,361 5193,179 48,683,278 2615,572 12,784,216 2955,658 4177,228 2838,130 2460,023 8462,353 2018,599 5,453 9,223 11,737 26,152 242,644 538,342 27,543 208,518 13,146 34,192 3,011 14,320 76,485 159,743 7,319 43,772 16,971 41,493 4,489 14,094 23,072 50,648 1,006 20,154 10,587 10,014 3,349 14,134 762 27,025 23,871 12.320 31,301 79,601 1,429 30.375 8,503 21,788 521 11,640 14,063 1,073 7,462 20,367 18,210 1,137 10,517 1,307 10,273 47,341 2,140 19,457 49,700,325 2680,241 13,071,535 3032,705 4272,108 2893,225 2506,990 8605,059 2061,051 1238,676 2108,578 1941,888 5288,269 8,096 6,627 502 2/2,445 631 1,937 745 916 348 413 62 1,125 2,482 308 210 308 815 308 753 415 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 25,250,003 1547,270 5,616,212 1775,949 2314,185 1793,675 1385,457 4728,483 1161,592 634,124 988,084 720,589 2584,383 -.749,000 450,000 4,,70,000 750,000 810,000 580,000 485,000 8*0,000 270,000 165,000 280,000 2X9,000 1800,000: gffiijj?? 1753!797 1857:351 S B : S l i M l/ After deducting $374,965,000 participations of other Federal Reserve Banks. 2/ After deducting $5,651,000 participations of other Federal Reserve Banks.