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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) (£t,yj T^V ZJamykj: http://fraser.stlouisfed.org/ y Federal Reserve Bank of St. Louis CI^AjQ Xb — — -^C^L/Uou wt-A-/ X-'O-V-fc-J XZvCk. — 97 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.