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BOABD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) December 4, 1952. CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended December 3> Member Bank reserves increased $22 million. The principal changes supplying reserves were an increase of $4^0 million in Reserve Bank credit and a decrease of $123 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were increases of $402 million in Treasury deposits with Federal Reserve Banks, $122 million in Money in circulation, $23 million in Foreign deposits with Federal Reserve Banks, and $11 million in Treasury cash holdings. The increase of $450 million in Reserve Bank credit resulted from increases of $267 million in Float and $207 million in U. S. Government securities and a decrease of $24 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected increases of $147 million in bills, $48 million in certificates, and $12 million in bonds. Member Bank Reserves and Related Items Dec. 3, 1952 Change since Nov. 26, Dec. 5 1951 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,968 1,595 1,188 26,751 23,337 4,803 + 6 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) 30,274 1,278 719 734 147 800 +122 + 11 +402 + 23* -123* - 1 + . 30 Member bank reserves 20,939 + 22 +1,020 20,279 - 35 + 57 +1,083 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) * November 26 figures revised. 673 +207 - 24 +267 +450 - 1 — — + 729 + 632 + 309 +1,670 + 956 + 104 +1,383 14 + 218 + 164 70 - 63 + 138 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since Nov, 26, Dec. 5, 1952 1951 Dec. 3, 1952 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 21,415,103 729,948 22,145,051 Other cash Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS + + 285,224 • 1,591,198 3,622 - 588,250 + 5,066,716 + 13,773,671 4,539,475 23,968,112 2,999 3,001 2 + + + 9,124 - 23,728 164 + 147,000 48,300 + — — — + 12,000 207,300 + 183,408 + 934,923 44,512 979,435 11,671 632,273 748 - — 471,280 7,629,882 + 8,705,598 - + 817,802 729,194 52,318,049 + + 7,874 202,679 + 1,360,719 5 174 422,608 + 2,605 + . 25,621 + 2,779,138 25,562,932 23 164,827 3,925,667 45,712 188,613 - + + - — - 5,734 14,791 6 •- - 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 26,007,090 + 125,141 + 1,276,073 20,938,761 719,042 734,003 146,586 22,538,392 2,738,027 19,501 51,303,010 + + + 21,444 401,641 + 1,019,864 + 217,585 + 163,907 70,039 + 1,331,317 + 113,715 + 1,374 + 2,722,479 C A P I T A L 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 248,668 538,342 27,543 200,486 52,318,049 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments * November 26 figures revised. 4 5.6% 17,364 3,940 - + - + + 22,815* 123,676* 322,224 251,481 791 195,093 100 - + + — — — — w — + + - - 13,208 28,320 w w w 7,486 202,679 .4% 15,131 + 2,779,138 .5# - 15 151 - 1,637 2,502 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 3, 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 1,462,194 128,935 69 1,591,198 Industrial loans U. S. Government securities 295 1,283 1,875 4,108,000 10,520,141 169 3,622" 256,300 6,655,200 1,070,224 1,358,247 23,968,112 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 3, 1952 (in thousands of dollars) H.4.1(b) A S S E T S Gold certificates Redemption^fund for Total Boston 21,41$,103 731,433 ? 2 9 , 9 4 8 Total gold certificate ~ reserves 22,145,051 Other cash 285,224 Discounts and advances 1,591,198 Industrial loans 3,622 U. S. Govt, securities: Bills 588,250 Certificates 5,066,716 Notes 13,773,671 Bonds 4,539,475 T 63,323 794,756 21,330 13,930 - 29,831 354,451 977,256 320,839 °securltie9 G O V e r P m e n ~ 23,968,112 1682,377 Total loans and securities Phila. Cleve, 6>92,420 1250,288 1467,169 77,124 §8,134 82,052 Rich. Atlanta 981,929 80,630 6,569,544 1308,422 1549,221 1062,559 53,635 394,430 -„ 264,887 1,224,58? 3,180,547 1,061,692 12,235 19,5§7 57,560 77,160 3,200 -, . , 26,426 41,971 313,991 498,692 865,703 1374,943 284,215 451,402 Chicago St.Louis 840,442 4417,895 49,741 115,018 576,463 50,068 Mpls. Kans.Cy. Dallas SanFran. 363,663 736,053 696,305 2861,043 25,613 39,405 29,513 59,327 890,183 4532,913 626,531 389,276 775,458 19,335 23,562 53,298 97,550 74,249 310,5^6 63 277 . . . . . 28,4i8 24,336 60,129 337,650 289,147 714,443 930,935 797,206 1969,786 305,631 261,727 646,692 17,575 108,285 - - 5,617 32,315 82 11,063 143,598 22,788 13,384 18,405 270,762 159,018 218,693 746,519 438,430 602,956 245,087 5,731,713 1490,335 2367,008 1602,634 1372,4l6 3391,050 1285,156 143,939 197,954 754,771 1038,008 1086,855 2165,789 „ „ , , „ , . , . 25,562,932 1696,307 6,126,143 1551,095 2444,168 1700,24? 1446,942 3701,596 1393,441 787,168 1181,606 1128,165 2406,054 Due from foreign banks 23 iT.R.notes of other banks 164,827 Uncollected cash items 3,925,667 Bank premises 45,712 Other assets 188,613 TOTAL ASSETS New York 1 3,262 330,575 966 l6,048 l/ 7 22,569 767,807 7,734 4l,94l 2 6,218 251,048 3,189 11,445 2 7,137 365,931 4,660 18,867 1 36,559 283,178 4,836 12,576 1 3 19,547 17,543 232,507 690,485 3,830 6,695 11,493 26,360 1 7,149 177,975 3,047 9,683 1 7,063 105,208 1,054 5,809 1 7,023 8,329 1 2,288 8,333 621 9,082 198,661 150,390 . E 22,428 371,902 6,792 16,976 52,318,049 2863,245 13,589,380 3143,654 4409,553 3119,291 2628,065 9028,893 2235,402 1301,196 2184,433 2033,870 5781,067 l/ After deducting $ l6,000 participations of other Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 3, 1952 (in thousands of dollars) Chicago St.Louis Mpls. Kans.Cy.- Dallas SanFran. 26,007,090 1588,218 5,697,082 1839,489 2370,723 1886,559 1431,329 4914,122 1222,344 Federal Reserve notes Deposits: Member bank-reserve accts. 20,938,761 864,5*4-6 6,651,596 937,566 1561,481 885,844 895,834 3296,749 763,486 156,848 48,313 60,304 49,822 45,434 135,575 47,578 U.S.Treasurer-general acct. 719,042 35,699 56,363 66,479 36,853 31,072 100,441 27,459 Foreign 734,003 44,801 1/229,610 82,585 2,268 5,439 6,150 2,020 Other 146,586 3,977 7,027 765 648,146 1021,131 762,527 2625,420 L I A B I L I T I E S Total Boston 949,023 New York Phila. Cleve. 2,004 326 713 33,312 973,105 3534,785 845,550 539,953 982,948 1109,142 2766,365 176,465 436,970 125,014 84,637 139,130 117,611 290,179 22,538,392 2,738,027 261,011 19,501 1,090 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,303,010 2799,342 13,301,141 3067,161 4315,401 3064,800 2581,731 8888,578 2193,652 1273,579 2143,930 1990,053 5683,642 248,668 13,245 78,319 17,187 23,812 10,969 10,349 32,085 8,634 5,496 9,410 12,201 26,961 538,342 34,192 159,743 41,493 50,648 27,025 23,871 79,601 21,788 14,063 20,367 18,210 47,341 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 27,543 3,011 13,455 5,806 7,319 42,858 1,033 4,489 13,324 2,223 1,006 18,686 978,669 198,515 482,118 914,911 1057,125 2627,505 37,043 40,252 23,845 38,329 18,788 27,459 27,459 67,219 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 200,486 7,120,639 1044,510 1693,703 477,614 182,129 248,752 Rich. Atlanta 832 1,057 3,349 13,148 762 11,352 2,701 1,429 27,200 744 521 10,807 843 1,073 6,985 721 1,137 9,589 773 1,307 12,099 1,678 2,l4o 20,963 52,318,049 2863,245 13,589,380 3143,654 4409,553 3119,291 2628,065 9028,893 2235,402 1301,196 2184,433 2033,870 5781,067 17,364 3,940 1,077 2/5,244 1,354 1,856 1,597 751 886 71 746 2,4l4 126 660 451 660 660 769 1,615 367 656,977 1049,783 796,075 2794,051 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,921,802 1638,212 5,931,143 1893,352 2446,489 1938,312 1490,914 5010,700 1275,794 4,520,000 775,000 810,000 560,000 510,000 2800,000 280,000 160,000 280,000 269,000 1900,000 227,880 370,515 54,050 — 91,255 — — 106,575 31,145 141,888 1,500,000 1100,000 1650,000 1400,000 1000,000 2300,000 1000,000 505,000 800,000 560,000 1000,000 28,413,448 1711,140 6,390,515 1929,050 2460,000 2051,255 1510,000 5100,000 1386,575 696,145 1221,888 829,000 3127,880 13,264,000 400,000 1,034,448 11,140 14,115,000 1300,000 l/ After deducting $504,375,000 participations of other Federal Reserve Banks. 2/ After deducting $12,120,000 participations of other Federal Reserve Banks.