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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) February 7# 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended February 6, Member bank reserves increased $135 million. The principal changes supplying reserves were a decrease of $169 million in Treasury deposits with Federal Reserve Banks and an increase of $59 million in Gold stock. The principal offsetting changes were a decrease of $51 million in Reserve Bank credit and increases of $31 million in Money in circulation and $15 million in Treasury cash holdings. The decrease of $51 million in Reserve Bank credit resulted from a decrease of $171 million in U. S, Government securities and increases of $72 million in Leans, discounts and advances and $47 million in Float. Holdings of U. S. Government securities reflected a decrease of $171 million in certificates. Member Bank Reserves and Related Items Feb. 6, 1952 Change since Jan. 30, Feb. 7, 1952 1951 (In millions of dollars) Reserve Bank credit: U. S, Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 22,614 287 754 23,656 22,990 4,717 Money in circulation Treasury cash holdings Treasury deposits with F, R, Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F« R. accounts (net) 28,378 1,317 52 462 Member bank reserves Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) -171 + 973 - 359 - 219 + 396 + 649 + 79 + 31 + 15 +1,253 + + + + 72 47 51 59 1 -169 + 10 + 743 425 47 5 20,148 +135 +1,073 19,446- ^ 70^0# - 24 +159 +1,197 - 124 266 741 625 + - 5 6 1 + 46 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) February 6, 1952 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 21,074,252 708,102 21,782,354 Change since January 30, February 7, 1951 1952 + - + Other cash 422,722 - Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 282,833 4,529 + + 12,202,148 5,068,073 5,344,127 22,614,348 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22,901,710 28 195,903 3,357,931 43,902 174,748 48,879,29$ 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 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 - H- 72,688 119 + 170,850 - 561,349 110,797 672,146 63,337 360,072 950 l,66l,164 +12,202,148 9,831,710 264,452 + + 973,726 - —«- — - + + + 8,656 •» — — 170,850 66,152 15 7,468 128,971 614,604 + 4 + + 17,558 + 124,713 + 3,713 48,480 + + 1,544,555 13,427 + 1,287,429 134,822 169,251 5,197 5,994 -35,226 - 113,211 257 - 135,267 + 1,072,463 98,043 w - + - 24,388,353 + 20,147,740 51#629 462,192 265,752 20,927,313 2,603,9*7 13,276 47,932,889 + + 240,094 538,342 27,543 140,430 48,879,29# Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 61,998 11,129 50,869 mm 14,442 - 743,806 + + + 424,727 47,626 143,696 343,340 . 3,943 1,491,016 328 + + 12,818 28,320 5,968 128,971 + 12,401 + 1,544,555 48.1% 12,310 7,162 516 573 15,725 4,215 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 6, 1952 (Callable Government securities classified according to nearest call date) Discounts and advances w 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 Industrial loans 253,654 29,179 -— — 747 790 1,912 1,080 282,833 4,529 U. S. Government securities ~~~ 3,207,242 10,662,531 5,102,256 1,013,614 2,628,705 22,614,348 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 6, 1952 (In thousands of dollars) 1.4.1(13) A S S E T S Gold certificates Redemption fund for F. R. notes Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 21,074,252 682,382 7,206,337 1227,510 1523,592 908,985 787,435 3989,938 561,107 328,440 713,412 584,487 2560,627 708,102 62,365 76,399 55,499 80,896 64,302 Total gold certificate 21,782,354 744,747 7,282,736 1283,009 1604,488 973,287 reserves 49,438 117,066 49,124 24,952 36,995 28,039 63,027 836,873 4107,004 610,231 353,392 750,407 612,526 2623,654 17,042 41,115 8,543 15,491 31,762 75,732 18,450 91,248 33,228 32,253 26,359 31,499 422,722 Other cash 8,000 13,150 37,815 3,050 22,385 9,000 121,550 20,990 17,900 3,635 13,450 11,908 282,833 Discounts and advances 24 131 714 — 75 23 3,562 4,529 Industrial loans U. S. Govt, securities: 12,202,148 827,221 2,626,768 749,286 1216,529 815,457 717,376 1884,866 669,971 388,040 586,838 576,637 1143,159 Certificates 5,068,073 343,580 1,091,<X)9 311,210 505,277 338,694 297,957 782,865 278,268 161,170 243,739 239,502 474,802 Notes 5.344.127 362,294 1.150.436 328,161 532,799 357,143 314,187 825,507 293,425 169,949 257,015 252,547 500,664 Bonds Total U. S. Government 22,614,348 1533,095 4,868,213 1388,657 2254,605 1511,294 1329,520 3493,238 1241,664 719,159 1087,592 1068,686 2118,625 securities T °secu^itie 8 a ~ Due from foreign banks 22,901,710 1545,003 4,886,136 1395,854 2268,055 1532,359 1339,234 3614,788 1264,049 722,340 1125,407 1076,710 2131,775 28 2 U^llecLd f caSh e items k8 3,357^31 0therPIssetsS TOTAL ASSETS 174:748 1/ 8 2 3 1 1 ^ ^ 313/016 57^244 208^42 291,^8 266^959 23^720 53^219 l44,'l35 12^732 36i576 10!594 18^233 ll',7l£ 1M06 26,502 9,324 z ^ 1 97,^44 179,'808 168^55 5^409 8*, 541 8^226 345,'371 16^91 48,879,298 2652,071 12,896,241 2940,235 4226,891 2879,654 2480,994 8379,934 2056,389 1194,464 2089,593 1897,957 5184,875 1/ After deducting $20,000 participations of other Federal Reserve Banks., STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKSON FEBRUARY6, 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 Mpla Kans.Gy, Dallas SanFran. 623,167 960,791 679,807 2427,862 24,388,353 1487,321 5,399,591 1723,733 2223,024 1730,303 1342,211 4652,349 1138,194 Federal Reserve notes Deposits: 452,286 927,443 1017,181 2325,556 Member bank-reserve accts. 20,147,740 848,742 6,417,677 931,559 1635,593 851,365 879,323 3129,005 731,970 587 1,062 1,7:5 330 1,998 571 1,883 41,468 425 522 537 531 U.S.Treasurer-general acct. 51,629 17,670 17,670 43,260 12,090 28,830 1/137,607 36,270 42,780 23,715 19,995 64,635 17,670 Foreign 462,192 1.695 473 35,602 1,445 1.518 1.895 8,648 199,131 2,188 4,708 4,791 3.658 Other 265,752 466,151 947,395 1036,386 24c6,l"3 Total deposits 20,927,313 881,761 6,795,883 970,442 1683,603 880,408 902,834 3196,106 760,171 118,908 78,535 143,082 143,386 261,5:0 424,751 172,524 230,841 217,764 192,458 398,039 Deferred avail, cash items 2,603,94? 222,149 Other liabilities and 9'4. 5H 529 7 86 2,202 551 684 619 751 1,681 3,227 13.276 810 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 8248,696 2017,824 1168,639 2051,797 1860,096 5096,454 47,932,889 2592,041 12,623,452 2867,450 4139,149 2829,159 2438,122 5,422 9,071 11,341 25,584 8,434 30,684 9,932 16,868 22,884 10,500 76,305 13,069 240,094 14,063 20,367 18,210 47,341 79,601 21,788 23,871 27,025 50,648 41,493 34,192 159,743 538,342 1,073 1,137 1,307 2,14C 521 1,429 762 1,006 3,349 4,489 3,011 7,319 27,543 13,34o 5,267 7,221 7,003 7,822 19,524 8,307 9,621 13,204 29,422 9,935 9,758 140,430 48,879,298 2652,071 12,896,241 2940,235 4226,891 2879,654 2480,994 8379,934 2056,389 1194,464 2089,593 1897,957 5184,875 12,310 7,162 763 2/3,718 960 2,495 1,132 916 529 628 63 1,7H 2,434 468 320 468 825 468 1,145 429 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U, S. Govt, securities Total collateral 25,5^3,103 1568,889 5,671,412 1801,907 2332,948 1821,160 1404,768 4807,684 1189,816 634,533 989,274 732,269 2588,443 12,684,000 125,358 13r775,000 26,584,358 350,000 4,470,000 750,000 760,000 580,000 15,615 485,000 2570,000 270,000 150,000 280,000 219,000 1800,000 1/ After deducting $324,570,000 participations of other Federal Reserve Banks. 2/ After deducting $8,592,000 participations of other Federal Reserve Banks. 1