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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