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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 bank reserves decreased
$148 million. The principal changes reducing reserves were increases of
$270 million in Money in circulation and 4267 million in Treasury deposits
with F. R. Banks,, and a decrease of $91 million in Gold stock* The principal
offsetting changes were an increase of $460 million in Reserve Bank credit and
a decrease of $27 million in Foreign deposits with F». R. Banks.
The increase of $460 million in Reserve Bank credit resulted from
increases of $356 million in Loans, discounts and advances, $70 million in
U. S. Government securities, and $35 million in Float. Holdings of U. S.
Government securities reflected an increase of $81 million in bills and a
decrease of $11 million in 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 the tables published in the Federal Reserve Bulletin.

Dec. 23,
1952

Member Bank Reserves
and Related Items

Change since
Dec. 26,
Dec. 17,
1951
1952

(In millions of dollars)
Reserve Bank credit:
U. S. Government securities
Loans, discounts and advances
Float
Total
Gold stock
Treasury currency outstanding

24,539
1,382
1,578
27,499
23,186
4,807

• 70
+356
+ 35
+460
- 91
+ 1

+1,036
+ 581
+ 306
+1,923
+ 565
+ 103

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)

30,757
1,274
638
702
208
863

+270
+ 5
+267
- 27
+ 3

+1,354
- 15
+ 349
+ 92
- 62
+ 31

Member bank reserves

21,050

-148

+ 842

20;382
66 8

- 97
- 51

+ 745
+ 97

912

+106

+

Required reserves (estimated)
Excess reserves (estimated)
Daily average excess reserves (estimated)
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H.4.1(a)

STATEMENT OP CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(In thousands of dollars)
-Change since
Dec. 17,
Dec. 26,
1952
1951

Dec, 23,
1952

A SSE T S
Gold certificates
Redemption fund for F. R. notes
Total gold certificate reserves

21,210,102 775,603 +_
21,905,705 -

Other cash
Discounts and advances
Industrial loans

94,999 + 520,649
2,427 + _
92,572 +

260,434 -

29,595

9,759

1,377,920 +
3,616 -

355,478
74

581,354
1,090

U. S. Government securities:
Bills
Certificates
Notes
Bonds
Total U. S. Government securities

1,175,300
5,057,666
13,773,671
4,532,775
24,539,412

Total loans and securities
Due from foreign banks
F. R. notes of other banks
Uncollected cash items
Bank premises
Other assets
TOTAL ASSETS

25,920,948
23
189,305
4,734,306
49,006 +
151,291 +
53,291,010

4,923
897,872
52
.7,685
501,975

81,250 + 848,965
10,600 - 7,708,932
+ 8,705,598
650 - 809,352
70,000 + 1,036,279
425,404 + 1,616,543
+
22,059
+ 1,034,036
+
5,407
.+
23,234
+ 3,200,956

LIABILITIES
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

26,473,539 +

247,632 + 1,271,715

21,049,636
637,818
702,192
208,064 +_
22,597,710 +
3,156,597
23,938
52,251,704

148,197
266,580
26,839
520
92,064
932,165
2,470
509,999

CAPITAL
ACCOUNTS
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS

251,334
538,342
27,543
222,015
53,291,015 :

Ratio of gold certificate reserves to deposit
and F. R. note liabilities combined
Contingent liability on acceptances purchased
for foreign correspondents
Industrial loan commitments

44.8%

-

19,148 +
3,632 -

+
+
+
+
+
+
+

842,132
349,000
92,092
61,830
1,221,394
727,967
132
3,221,200

1,090 +
+

14,947
28,320

l6,48i
6,934
501,975 + 3,200,956
.5%

-

1,007 147 -

l.l#
2,233
2,336

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 23, 1952
(Callable Government securities classified according to nearest call date)

Within 15 day8
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



Discounts and
advances

Industrial
loans

1,321,218
56,646
56

973
623
1,655
365

1,377,920

3,bib

U. S. Government
securities
553,100
4,382,500
10,520,141
6,655,200
1,070,224
1,358,247
24,539,412

H.4.1(b)

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 23, 1952
(in thousands of dollars)

ASSETS
Total
Gold certificates
Redemption fund for
F. R. notes

Boston

New York

Phila.

Cleve.

Rich. Atlanta Chicago St.Louis

Mpls. Kans.Cy.

Dallas SaoFran.

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
'
775,603 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 1589,514 1052,108 918,744 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:
®H1 S
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. S. Government
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 and
securities

1

1

———
'••—-—
'—
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

2
2
Due from foreign banks
23
1
1/7
1
1
3
1
1
1
1
2
F.R.notes of other banks 189,305
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 4550,622 3210,229 2714,671 9067,397 2253,298 1286,450 2290,586 2136,808 5738,184
1/ After deducting $16,000 participations of other Federal Reserve Banks.

H,4.1(c)
LIABILITIES

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 23, 1952
(in thousands of dollars)
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
208,064
4,676
141.394
Other
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
Deferred avail, cash items 3,156,597 260,608
657,658 212,428 320,288 281,022 217,986 407,884
Other liabilities and
accrued dividends
1,164
23,938
8,646
1,132
2,225
913
965
2,969
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

834,286 518,022 1059,196 1163,001 2743,306
135,856 83,820 160,685 161,432 256,930
766

1,839

814

827

1,678

52,251,784 2891,119 13,515,532 3198,087 4454,051 3154,324 2667,163 8923,962 -2210,160 1258,182 2249,137 2092,034 5638,033
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
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
27,543
3,011
7,319
4,489
1,006
3,349
762
1,429
521
1,073
1,137
1,307
2,140
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
53,291,018 2956,923 13,810,017 3275,833 4550,622 3210,229 2714,671 9067,397 2253,298 1286,450 2290,586 2136,808 5738,184

19,148
3,632

1,125

2/6,486

1,415
1,557

1,669
751

925
70

780

2,522
125

689

472

689
769

689

1,687
360

FEDERAL RESERVE AGENTS* ACCOUNTS
F, R. notes outstanding
Collateral for F.R. notes;
Gold certificates
Eligible paper
U. S. Govt, securities
Total collateral




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
12,774,000 400,000
876,528 25,540
15,040.000 1300.000
28,690,528 1725,540
1/
2/

3,920,000 850,000 820,000 575,000 510,000 2800,000 280,000 170,000 280,000 269,000 1900,000
542,975 21,685
—
85,800
80,575 23,590 61,263
35,100
2,200.000 1100.000 1700.000 1400,000 1050.000 2400,000 1025.000 505,000 800,000 560,000 1000.000
6,662,975 1971,685 2520,000 2060,800 1560,000 5200,000 1385,575 698,590 1141,263 829,000 2935,100
After deducting $506,050,000 participations of other Federal Reserve Banks.
After deducting $12,662,000 participations of other Federal Reserve Banks.