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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) January 24, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended January 23, Member Bank reserves increased $172 million. The principal changes supplying reserves were decreases of $184 million in Money in circulation, $127 million in Treasury deposits with Federal Reserve Banks, $40 million in Foreign deposits with Federal Reserve Banks, and $l6 million in Other deposits with Federal Reserve Banks, $11 million in Treasury cash holdings, and an increase of $50 million in Gold stock. These changes were largely offset by a decrease of $256 million in Reserve Bank credit. The decrease of $256 million in Reserve Bank credit resulted from decreases of $126 million in U. S. Government securities, $108 million in Float, and $22 million in Loans, discounts and advances. Holdings of U. S. Government securities, which include $22 million certificates of indebtedness - special series, issued to the Federal Reserve Banks, reflected decreases of $71 million in bills and $55 million in certificates. Member Bank Reserves and Related Items Jan. 23, 1952 Change since Jan. 16, Jan. 24, 1952 1951 (In millions of dollars) Reserve Bank credit; U. S* Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 22,993 117 1,006 24,116 22,872 4,711 -126 - 22 -108 -256 + 50 + 1 +2,448 - 159 + 219 +2,508 + 429 + 76 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) 28,342 l,28o 11 495 168 7^3 -184 - 11 -127 - 40 - 16 - 1 +1,314 23 - 245 - 355 77 Member bank reserves 20,660 +172 +2,400 19,56^ l,09t - 1 +173 +1,959 + 441 +302 + 453 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 1,166 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) January 23, 1952 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Change since January 24, January 16, 1951 1952 + 72,302 l64 72,138 + + + 335,350 130,802 466,152 427,738 + 20,490 + 54,485 112,437 4,391 + 20,957,253 719,257 21,676,510 Other cash Discounts and advances Industrial loans U. S, Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 52,400 12,528,898 5,068,073 5,344,127 22,993,498 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 23,110,326 28 218,184 3,873,132 43,984 159,771 49,509,673 + - - - - - + + 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 239,495 538,342 27,543 128,081 49,509,673 + 14,287 6,461 71,400 54,500 125,900 - - - - + - 1,112,464 +12,528,898 9,565,178 + 597,502 + 2,448,758 - 14,996 401,815 29 8,539 463,570 166,747 + 1,353,539 171,545 126,657 40,123 15,966 11,201 293,538 902 470,584 + 2,399,887 295 m. mm mm + + + + 245,420 355,728 76,683 1,722,056 48,087 5,266 3,128,948 + + 12,795 28,320 - - — - — — — + - + - + 159,879 1,145 + 2,290,024 + 4 + 46,492 + 266,723 + 3,719 + 51,251 + 3,178,850 147,955 + 47.45& + — — — - 20,659,790 11,001 494,593 167,981 21,333,365 2,867,309 13,461 48,576,212 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - — — — 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 24,362,077 22,175 120 6,719 463,570 .% + 8,787 + 3,178,850 - 2,049 56 - + 2.4# 11,157 3,993 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 23, 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 89,478 22,959 1,011 1,007 1,243 1,130 112,437 4,391 U. S. Government securities 74,400 3,207,242 10,967,281 5,102,256 1,013,614 2,628,705 22,993,498 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 23, 1952 (In thousands of dollars) H,4.1(b) A S S E T S Gold certificates Redemption fund for F. R. notes Total Boston 20,957,253 698,486 Phila. Cleve. Rich. Atlanta Chicago St,Louis 7,262,861 1193,793 1399,154 868,203 81,252 66,944 761,147 7,340,398 1249,869 1480,406 935,147 Other cash 427,738 28,509 95,090 30,722 31,250 Discounts and advances 112,437 82 19,115 2,880 2,600 Industrial loans 4,391 — 23 3,512 — U. S. Govt, securities: Bills 52,400 3,552 11,280 3,218 5,224 Certificates 1 2 , 5 2 8 , 8 9 8 849,372 2,697,108 769,350 1249,106 Notes 5,068,073 343,580 1,091,009 311,210 505,277 Bonds 5,344,127 362,294 1,150,436 328,161 532,799 29,151 9,950 72 719,257 Total gold certificate reserves 21,676,510 62,661 New York 77,537 56,076 759,987 4009,485 49,693 557,982 122,484 49,218 809,680 4131,969 607,200 70,700 43,300 — 20,885 12,575 — 3,502 3,080 8,094 837,293 736,587 1935,339 338,694 297,957 782,865 357,143 314,187 825,507 2,877 687,911 278,268 293,425 32,511 4,100 624 Mpls. Kans.Cy. Dallas SanFran. 310,077 736,719 540,706 2619,800 24,993 37,080 335,070 773,799 8,365 275 133 16,239 11,560 — 1,666 2,521 398,432 602,551 161,170 243,739 169,949 257,015 28,116 63,203 568,822 2683,003 21,316 3,000 27 43,000 3,000 — 2,477 4,909 592,078 1173,771 239,502 474,802 252,547 500,664 Total U. S. Government securities 22,993,498 1558,798 4,949,833 1411,939 2292,4o6 1536,632 1351,811 3551,805 1262,481 731,217 1105,826 1086,604 2154,146 Total loans and securities 4 , 9 6 8 , 9 7 1 1418,331 2295,006 1546,654 1356,535 3595,105 1275,056 23,110,326 1558,880 Due from foreign banks 28 F.R.notes of other hanks 218,184 Uncollected cash items 3 , 8 7 3 , 1 3 2 Bank premises 43,984 Other assets 159,771 TOTAL ASSETS 2 4,015 373,637 1,017 11,590 1/ 8 22,526 694,944 7,498 33,8l6 2 7,682 205,615 2,848 9,679 3 11,381 356,497 4,762 16,434 1 64,255 332,308 4,179 10,8ll 1 4 22,532 21,263 296,866 573,075 2,972 6,499 9,544 24,217 1 9,237 163,989 3,265 8,535 731,625 1117,386 1089,631 2157,146 1 1 1 7,635 7,334 16,243 99,300 207,458 217,949 1,083 2,458 651 4,903 7,869 7,619 3 24,08l 351>94 6,752 14,754 4 9 , 5 0 9 , 6 7 3 2738,797 1 3 , 1 6 3 , 2 5 1 2924,748 4195,739 2922,506 2530,641 8422,832 2088,168 1187,982 2132,544 1922,232 5280,233 l/ After deducting $20,000 participations of other Federal Reserve Banks. n u , /r\ *" * Dlti'iriMElNl Of UUiNUlTiOiN OF TtiE FEljtitiAL RlStiEKVii;tiAJNKSON JANUAitX 2-3, 19t>* (in thousands of dollars) L I A B I L I T I E S Total Federal Reserve notes $ Fo1;!Sa8Urer"8eneral aCCt ' Other IBS ltero ™ =k=& T °™lSfISoi^SAra> New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,405,48% 1725,298 2230,059 1728,828 1331,338 4661,018 1137,398 622,185 95^,186 949,836 6,730,8,6 959,578 1011,648 2422,597 494:593 167:981 30,374 5:230 1/152,629 -100:257 38,212 1.731 45,071 5.778 24,985 2,722 21:066 1.461 13.461 900 3.598 673 1,763 §54 629 24,362,077 1479,044 Memt" a Uk-re=er»e accts. 20,659,790 °a=cruedati"dinLana Boston 2 928,684 1564,940 868,652 99 ^:S M ''%7: i57:™2 :sf 887,437 3136,078 68,096 3,162 746,272 453,212 670,773 2416,465 18,616 8.496 12^37 1.123 18,616 120 18,616 453 4^575 37,448 56l 534 549 689 914 « 8:S « S:S§ % 5 " I : ! | : f : •«! a "i T5 % *:S IS 11 I h32L 49,509,673 2738,797 1 3 , 1 6 3 , 2 5 1 2924,748 4195,739 2922,506 2530,641 8422,832 2088,168 1187,982 2132,544 1922,232 5280,233 Contingent liability on f o r ^ o r e i g n correspondents Industrial loan commitments 14,287 6,46l 886 — 2/4,315 — 1,114 1>9 1,314 9%6 729 63 6l4 — 543 371 - 5,739,415 1825,234 2343,493 1826,530 1413,584 4838,968 1194,227 635,973 995,750 736,363 2610,542 150,000 280,000 1,986 2,447 543 830 543 — 1,329 436 FEDERAL RESERVE AGENTS' ACCOUNTS F . R. notes outstanding 25,721,383 1561,304 C sSS iifo'M °Goldecertificates* 12,659,000 350,000 4,470,000 750,000 760,000 580,000 510,000 2520,000 270,000 i8&: 2^;r 219,000 1800,000 x5s;gs 1/ After deducting $341,950,000 participations of other Federal Reserve Banks. 2/ After deducting $9,972,000 participations of other Federal Reserve Banks.
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