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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H..4.1 (For Immediate Release) August 21, 1952. CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week1ended August 20, Member bank reserves increased $131 million. The principal changes supplying reserves were an increase of $257 million in Reserve Bank credit and a decrease of $25 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $104 million in Treasury deposits with Federal Reserve Banks, $25 million in Other deposits with Federal Reserve Banks, and $17 million in Money in circulation. The increase of $257 million in Reserve Bank credit resulted from increases of $208 million in Loans, discounts and advances and $68 million in Float, and a decrease of $19 million in U. S. Government securities. The decrease in holdings of U. S. Government securities was entirely in certificates. Member Bank Reserves and Related Items August 20, 1952 Change since August 13, August 22, 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 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) Member bank reserves Required reserves (estimated) Excess reserves ^estimated) Daily average excess reserves (estimated) - 1 9 - + 2 0 8 + 2 3 , 0 3 2 9 8 3 795 24,810 23,344 4 , 7 6 6 2 9 , 0 6 8 1 , 2 8 1 5 2 6 + 6 8 - 7 6 + 2 5 7 + 6 3 5 — — + 2 + 17 + 4 +104 839 218 - 2 5 + 2 5 7 2 1 + 20,267 Si 19,61? 7 1 1 52 7 6 3 3 +1,544 + 99 +1,136 - 1 1 + + + 92 14 53 3 +131 +1,095 - + 1 , 1 0 0 2 0 +151 + 6 5 - 36 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since i_ "Aug, 13, " Aug. 22, 1952 1951 Aug. 80, 1952 ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 21,453,501 6 9 5 , 2 3 8 22,148,739 - + - Other cash 345,085 + Discounts and advances Industrial loans 978,998 4,482 + U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities - 5,568,073 5,235,823 23,032,112 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,015,592 23 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 16,495 + 764,736 947 2 0 8 , 8 9 6 52 - + 199,492 19,000 + 7,004,641 6,270,392 586,279 19,000 51,522 - - - - - - - - - 189,844 + - 712,267 15 31,187 354,219 3,105 44,423 2,746,141 3,742,400 45,434 231,059 50,711,170 + + + + 421 55,603 93 5,232 258,420 24,916,058 + 26,379 + 1,115,170 20,267,016 + + 131,241 104,183 24,576 25,367 236,215 12,020 1,145 + 1,095,260 + 92,369 + 14,535 1 8 2 , 8 3 8 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 9,647 + - 375,000 1 1 , 8 5 3 , 2 1 6 3,753 + 1 , 5 5 4 , 0 9 9 3 0 , 3 6 1 2,175 + + 1,584,460 1,576 — 5 2 5 , 9 8 1 839,161 - 2 1 7 , 8 8 5 + 21,850,043 2,947,751 15,883 49,729,735 246,384 538,342 27,543 1 6 9 , 1 6 6 50,711,170 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 47.4% + - + + + 4- + 52,903 + 1,149,261 + 431,061 + 615 2,696,107 2 5 1 , 7 1 9 + + + 3 2 mm mm ~ + - 13,489 28,320 — — — — — — + + - 9,136 6,277 + + 8,225 258,420 + 2,746,141 + 6 , 6 6 9 .2 $> 4- 110 10 + - 1.2# 14,989 2,501 MATURITY DISTRIBUTION QF LOANS AND SECURITIES, AUGUST 20, 1952 (Callable Government securities classified according to nearest call date) Within 15 days l6 to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total Discounts and advances 794,219 184,733 46 978,998 Industrial loans 775 872 2,619 216 4,482 U. S. Government securities 50,500 7,102,000 6,795,941 5,941,352 1,070,224 2,072,095 23,032,112 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 20, 1952 (in thousands of dollars) H.4.1,(b) ASSETS Total Gold certificates Redemption fund for F. R. notes 21,453,501 695,238 Boston 6 6 3 , 8 6 1 61,316 New York Phila. Cleve. 6,727,562 1159,652 1373,455 69,463 53,756 80,785 Rich. Atlanta Chicago St.Louis 8 8 6 , 8 5 8 77,154 Mpls. Kans.Cy. Dallas SanFran. 854,548 4629,707 558,302 357,949 840,398 635,831 2765,378 51,580 102,796 47,895 38,051 24,470 27,099 60,873 Total gold certificate 22,148,739 725,177 6,797,025 1213,408 1454,240 964,012 906,128 4732,503 606,197 382,419 878,449 662,930 2826,251 reserves 8,729 12,639 11,369 18,296 30,113 18,667 30,119 63,617 18,615 60,825 31,694 345,085 Other cash 68,886 43,187 24,824 6 6 , 3 4 4 72,332 11,335 125,495 49,907 270,008 8 4 , 5 6 7 978,998 2 7 , 6 8 8 Discounts and advances 86 95 578 3,723 4,482 Industrial loans U.S. Govt, securities: 11,937 16,416 17,188 37,434 25,345 21,705 53,629 20,325 86,593 23,569 375,000 26,607 Bills 642,433 377,299 5 1 8 , 8 8 7 543,305 11,853,216 840,997 2,737,085 7 4 4 , 9 9 8 1 1 8 3 , 2 3 6 801,135 6 8 6 , 0 5 3 1695,140 Certificates 301,784 177,237 243,748 255,218 5,568,073 395,060 1,285,752 349,965 555,827 376,335 322,274 796,296 Notes 5,235,823 371,487 1,209,030 329,082 522,661 353,879 303,044 748,780 283,776 1 6 6 , 6 6 2 229,203 239,989 Bonds TQ securities GOVernment ^securities" 34,252 1082,648 508,577 478,230 23,032,112 1634,151 5,3X8,460 l44?,6l4 2299,158 1556,694 1333,076 3293,845 1248,318 733,135 1008,254 1055,700 2103,707 2 4 , 0 1 5 , 5 9 2 1 6 6 1 , 8 3 9 Due from foreign banks 23 F.R.notes of other banks 1 8 2 , 8 3 8 Uncollected cash items 3,742,400 Bank premises 45,434 Other assets 231,059 TOTAL ASSETS 40,402 134,425 5 0 , 7 1 1 , 1 7 0 1 4,454 3 3 7 , 8 5 8 985 18,470 2780,478 5 , 5 8 8 , 4 6 8 1535,904 2 3 6 5 , 5 0 2 1 6 2 9 , 1 1 2 1344,989 3 4 1 9 , 3 4 0 1 2 9 8 , 2 2 5 7 5 8 , 0 5 4 1 0 7 7 , 1 4 0 1 0 9 8 , 8 8 7 2 2 3 8 , 1 3 2 l/ 7 2 2 1 1 3 1 1 1 1 2 6,997 7,392 3 6 , 0 5 8 1 6 , 9 8 1 17,398 6,957 22,682 9,639 5,154 25,451 6 5 5 , 6 6 2 235,637 335,004 299,584 246,353 590,404 150,225 100,934 208,279 197,772 384,688 7,734 2,964 4,729 4,737 3,667 6,646 3,130 1,064 2,347 636 6,795 52,018 14,196 23.038 15,634 13,747 32,593 11,947 7,184 10,221 1 1 , 0 6 9 20,942 2 3 , 6 7 5 13,185,4l4 3027,404 4220,020 2 9 6 7 , 8 0 5 2561,985 8862,504 2095,297 1 2 8 1 , 0 6 7 2 1 9 8 , 7 1 5 1/ After deducting $16,000 participations of other Federal Reserve Banks. 1 9 8 7 , 8 1 8 5542,663 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 20, 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. 24,916,058 1 5 3 0 , 5 6 1 5 , 5 0 3 , 7 0 6 1 7 5 3 , 2 0 9 2268,679 1747,528 1352,040 4756,373 1137,844 625,146 988,894 723,211 Federal Reserve notes Deposits; Member bank-reserve accts. 20,267,016 862,882 6,371,532 909,256 1507,144 848,965 874,788 3313,506 720,319 474,667 939,204 1002,024 2 8 , 3 9 8 46,584 3 8 , 5 4 0 77,605 38,310 11,115 36,474 43,734 74,590 3 8 , 5 6 1 U.S.Treasurer-general acct. 525,981 33,653 34,499 111,520 30,487 20,860 30,487 30,487 49,743 1/279,139 62,579 73,812 40,917 839,161 Foreign 305 6l4 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 2 1 , 8 5 0 , 0 4 3 2,947,751 1 5 , 8 8 3 950,307 2 3 6 , 6 1 0 815 49,729,735 2718,293 246,384 538,342 27,543 1 3 , 1 9 0 34,192 3,011 1 6 9 , 1 6 6 1 1 , 7 9 2 5 0 , 7 1 1 , 1 7 0 2 7 8 0 , 4 7 8 9A36 6,277 566 6 , 8 8 3 , 4 7 5 1 0 1 1 , 4 5 6 5 1 1 , 8 8 2 1 8 6 , 8 6 8 5,144 1 2 , 9 0 4 , 2 0 7 77,146 159,743 7,319 36,999 1 3 , 1 8 5 , 4 1 4 802 2952,335 1 7 , 1 8 9 41,493 4,489 1 1 , 8 9 8 3 0 2 7 , 4 0 4 2/2,759 713 2 , 0 8 5 929,472 955,367 3501,903 797,360 262,349 237,323 209,210 465,618 119,240 1 5 9 5 , 8 5 4 1,610 4 1 2 8 , 4 9 2 753 785 2 9 1 5 , 1 0 8 2517,370 2,393 8 7 2 6 , 2 8 7 2 3 , 7 0 0 1 0 , 8 1 8 1 0 , 1 8 1 31,879 5 0 , 6 4 8 2 7 , 0 2 5 2 3 , 8 7 1 7 9 , 6 0 1 1,006 16.174 4 2 2 0 , 0 2 0 84i 7 0 6 3,349 11,505 2 9 6 7 , 8 0 5 762 2 0 5 4 , 9 0 9 8,64o 2 1 , 7 8 8 9 , 8 0 1 2 3 , 3 0 8 521 9,439 2 5 6 1 , 9 8 5 8 8 6 2 , 5 0 4 2095,297 466 393 6 1 1,429 465 1,270 2,243 347 5 4 3 , 6 1 6 1 0 0 8 , 5 3 6 8 4 , 9 5 8 1 6 1 , 4 5 6 579 1254,299 5,470 14,063 1,073 6 , 1 6 2 1 2 8 1 , 0 6 7 634 1 0 6 1 , 5 2 3 2 5 2 8 , 8 6 7 2442,729 58,417 74,631 35,397 2611,174 162,736 309,501 707 1,196 1948,177 5450,738 9,324 11,949 2 6 , 8 9 8 47,341 2 0 , 3 6 7 1 8 , 2 1 0 2,140 1,137 1,307 15,546 8 , 3 6 7 8,175 2 1 5 9 , 5 2 0 2 1 9 8 , 7 1 5 347 237 1 9 8 7 , 8 1 8 347 5542,663 8 5 0 3 8 8 7 9 4 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 2 5 , 8 6 2 , 0 3 5 1 5 9 3 , 2 7 8 5 , 7 6 4 , 7 1 8 1 8 0 6 , 3 5 0 1 3 , 2 1 9 , 0 0 0 400,000 4 , 5 2 0 , 0 0 0 7 5 0 , 0 0 0 - r4 *1 6^ 9, 4- ,r 4 2^ 5, ,- 4r 2 w5 2 5 6 , 2 0 5 8 1 , 7 2 0 2331,949 1 8 2 6 , 7 7 7 735,000 4 5 0 , 0 0 0 7 3 5 , 0 0 0 — - 6 8 , 7 2 0 13,550,000 1300,000 1 , 4 0 0 , 0 0 0 1 1 0 0 , 0 0 0 1 6 5 0 , 0 0 0 1 4 0 0 , 0 0 0 2 7 , 4 6 3 , 4 4 1 6 , 1 7 6 , 2 0 5 1 9 3 1 , 7 2 0 2 3 8 5 , 0 0 0 1 9 1 8 , 7 2 0 1 7 2 5 , 4 2 5 1413,743 4 8 4 7 , 5 1 2 1 1 7 7 , 6 2 9 6 3 8 , 6 7 2 1 0 1 8 , 2 1 9 4 8 5 , 0 0 0 2 9 0 0 , 0 0 0 2 7 0 , 0 0 0 1 7 0 , 0 0 0 2 8 0 , 0 0 0 4 8 , 3 2 0 2 3 , 8 7 5 6 7 , 4 4 5 — 950,000 1 4 3 5 , 0 0 0 — 2 0 0 0 , 0 0 0 4 9 0 0 , 0 0 0 950,000 505,000 750,000 1 2 6 8 , 3 2 0 6 9 8 , 8 7 5 1 0 9 7 , 4 4 5 l/ After deducting $$60,006,000 participations of other Federal Reserve Banks. 2/ After deducting $6,377,000 participations pf other Federal Reserve Banks, 7 5 6 , 1 7 8 2 6 8 7 , 0 1 0 259,000 2000,000 122,731 5 4 5 , 0 0 0 1 0 0 0 , 0 0 0 8 0 4 , 0 0 0 3122,731