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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.4.1

(For Immediate Release)

January 10, 1952

CONDITION OF THE FEDERAL RESERVE BANKS
Member Bank Reserves and Related Items
During the week ended January 9, Member bank reserves increased
$5 million. The principal changes supplying reserves were a decrease of
$343 million in Money in circulation and an increase of $75 million in Gold stock.
The principal offsetting changes were a decrease of $271 million in Reserve Bank
credit, and increases of $71 million in Other deposits with Federal Reserve Banks
and $6l million in Treasury deposits with Federal Reserve Banks.
The decrease of $271 million in Reserve Bank credit resulted from decreases of $206 million in U. S, Government securities and $157 million in Float,
and an increase of $92 million in Loans, discounts and advances. Holdings of
U, S. Government securities reflected decreases of $153 million in bills and
$53 million in certificates.

Member Bank Reserves
and Related Items

Jan. 9,
1952

Change since
Jan. 2,
Jan. 10,
1952
1951

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

23,452
202
900
24,554
22,772
4,707

-206
+ 92
-157
-271
+ 75
+ l

+2 ,991
+ 126
+ 203
+3 ,319
+ 226
+
72

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)

28,800
1,280
69
529
242
743

-343
+ 5
+ 61
+ 6
+ 71
- 2

+1 ,385
28
204
329
73
2

Member bank reserves

20,369

+

5

+2.,867

19,5%

-123
+128

+3;,181
314

+

+

Required reserves (estimated)
Excess reserves (estimated)
Daily average excess reserves (estimated)




W

1,107

4

-

-

-

-

-

-

40

H.4.1(a)

STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(|n thousands of dollars)
January 9,
1952

Change since
January 10i
January 2,
1951
1952

20,834,951
719,424
21,554,375

+
+
+

69,000
3,311
72,311

+
+
+

130,547
130,609
261,156

Other cash

373,228

+

52,490

+

53,726

Discounts and advances
Industrial loans
U. S. Government securities:
Bills
Certificates
Notes
Bonds
Total U. S. Government securities

197,606
4,484

+

92,109
38

+
+

124,718
1,197

335,460
12,704,398
5,068,073
5,344,127
23,452,058

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

23,654,148
28
256,597
3,443,592
43,695
144,494
49,470,157

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

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

20,368,850
69,047
$29,493
242,292
21,209,682
2,543,860
12,780
48,551,277

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

238,072
538,342
27,5^3
114,923
49,470,157

4-

-

—

-

205,600

48,128
790,058
89
9,448
721,045
240,718

+ 1,443,816

4,989
61,411
6,225
71,515
144,140
632,429

+ 2,866,638
203,557
328,097
72,798

WWW

+
+
+
-

+
+
+
+

+
-

+
286
- 728,721
876

+
-

46.9%
19,138
6,157

-

+ 3,116,583
4
+
70,068
+
+
228,333
3,612
+
48,368
+
+ 3,781,850

113,453

-

776,404
+12,704,398
9,607,078
+
669,752
+ 2,990,668
-

—

— — —

24,784,955

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

152,400
53,200

6,800

721,045

+ 2,262,186

+
25,763
+
6,335
+ 3,738,100
+

+

11,733

28,320

±
3,697
+ 3,781,050

.3#

3.5#

1,628
78

5,904
3,712

MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JANUARY 9, 1952
(Callable Government securities classified according to nearest call date)

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




Discounts and
advances

Industrial
loans

178,985
18,621
—
—

637
1,381
1,886
580

197,606

4,484

U, S. Government
securities
119,500
3,475,202
11,112,781
5,102,256
1,013,6l4
2,628,705 „
23,452,058

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 9# 1952
(In thousands of dollars)

H.4,1(b)
A S S E T S

Total

Boston

20,834,951

680,448

719,424

62,673

Total gold certificate
21,554,375
reserves

743,121

Gold certificates
Redemption fund for
F. R. notes

373,228
Other cash
197,606
Discounts and advances
4,484
Industrial loans
U. S. Govt, securities:
335,460
Bills
12,704,398
Certificates
5,068,073
Notes
S.344.127
Bonds
1 .r
r.

Cleve.

Rich,

7,076,499 1185,332 1374,518

933,130

New York

77.574

Phila,

56,090

81,267

66,958

7,154,073 1241,422 1455,785 1000,088

23,738
1,415

87,738
47,740
23

22,742
861,269
343,580
362,294
,
r

72,215
2,734,888
1,091,009
1.150.436

23,255
4,520

26,639
16,290
81

20,599
33,444
780,127 1266,603
311,210 505,277
328,161 532,799

22,419
849,022
338,694
357,143

24,824
25,690
3,6I8

Atlanta

Chicago St,Louis

Mpls. Kans.Cy.

Dallas SanFran.
585,522 2631,836

559,340

321,103

721,857

122,495

49,229

24,998

37,089

831,098 4106,469

608,569

346,101

758,946

60,919
67,150
-—

19,941
14,455

7,551
1,200
133

13,962
11,446

19,722
51,818
746,904 1962,449
297,957 782,865
314,187 825,507

18,419
697,547
278,268
293,425

10,668
404,012
161,170
169,949

16,133
610,993
243,739
257,015

781,392 3983,974
49,706

29,564
1,300
606

28,119

63,226

613,641 2695,062
19,596
3,600
23

35,501
2,800

15,853
31,428
600,372 1190,212
239,502 474,802
252,547 500,664

Total U. S. Government
23,452,058 1589,885
securities

5,048,548 1440,097 2338,123 1567,278 1378,770 3622,639 1287,659

745,799 1127,880 1108,274 2197,106

-"securities'"4

5,096,311 1469,405 2342,643 1583,649 1380,676 3689,789 1302,114

747,132 1139,326 1111,897 2199,906

23,654,148 1591,300

to=^Ufcarit^k,3,W3:5^

291:8^
, a - g

TOTAL ASSETS




^

605:605

= £ ; $

k%

3^704

284:955

257J64

585:7^

1^590

96:583

193:430

iff

vtioo

317:623

«.%

49,470,157 2671,742 13,012,880 2959,037 4163,186 2967,345 2535,358 8513,358 2096,173 1212,788 2123,464 1922,717 5292,109
l/

After deducting $20,000 participations of other Federal Reserve Banks.

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 9, 1952
(In thousands of dollars)

H.4.1(c)
L I A B I L I TIES

Total

Boston

New York

Phila.

Cleve.

Rich,

Atlanta

Chicago St.Louis

Mpls. Kans.Cy.

24,784,955 1507,521 5,492,391 1750,004 2263,721 1759,845 1360,684 4738,789 1153,243 629,997
Federal Reserve notes
Deposits:
464,436
Member bank-reserve accts. 20,360,#50 849,745 6,438,828 943,137 1533,339 887,140 911,288 3180,047 759,753
1,285
599
1,547
536
1,577
56,810
22
501
533
U.S.Treasurer-general acct.
69,047
13,707
32,686 1/161,493 41,121 48,502 26,887 22,670 73,281 20,034
Foreign
529,493
1,363
8,621
170.811
2.079
5,170
5,202
2.193
1,944
4.387
Other
242,292
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

6,827,942
422,205
217,616

21,209,682
2,543,860

887,351

12,780

778

986,359 1587,512
150,725 225,592
718

3,580

1.356

919,828
238,270

937,698 3255,808
195,098 389,812

701

592

2,032

789,985
115,172

480,791
76,572

584

448

967,990

Dallas SanFran,
690,545 2470,225

950,520 1038,791 2411,826
1,963
1,499
2,175
20,034
20,034
49,044
237
1,289
38,996
972,754 1061,613 2502,04%
145,740 133,791 233,267
581

476

934

1187,808 2087,065 1886,425 5206,467
48,551,277 2613,266 12,746,118 2887,806 4078,181 2918,644 2494,072 8386,441 2058,984
5,394
8,914
11,000
25,517
10,408
9,865
30,459
8,381
238,072
13,055
75,510
16,820
22,749
14,063
20,367
18,210
47,341
27,025
23,871
79,601
21,788
538,342
34,192
159,743
41,493
50,648
1,073
1,137
1,307
2,l4o
3,349
762
1,429
521
27,543
3,011
7,319
4,489
1,006
10,644
4.450
5,981
5,775
7.919
6,788
15,428
6,499
114,923
8,218
24,190
8,429
10,602
49,470,157 2671,742 13,012,880 2959,037 4l63,l86 2967,345 2535,358 8513,358 2096,173 1212,788 2123,464 1922,717 5292,109

19,138
6,157

1,186

2/5,780

1,493
1,465

1,761
916

976
63

823

2,660

2,447

727

498

727
830

727

1,780
436

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




25,994,558 1572,565

5,830,500 1836,242 2364,977 1852,440 1431,779 4872,844 1206,769

645,509 1006,242

746,156 2628,535

12,559,000 350,000 4 470,000 750,000 760,000 580,000 510,000 2520,000 270,000 150,000 280,000 219,000 1700,000
4/740
25 690
—
11,740
14,455
112,486
1,415
14,175,000 1300,000
%
J g f f g 4920:000 1284:455
26,846,486 1651,415 ^ I ^ H 5 t 5 ^ 9 0 2385:000 %

1,200

11,446

—

65^200 1 0 7 6 M 0 0

1/ After deducting $367,985,000 participations of other Federal Reserve Banks.
2/ After deducting $13,358,000 participations of other Federal Reserve Banks.

2,800

2902^00