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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) January 3, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended January 2, Member bank reserves increased $156 million. The principal changes supplying reserves were decreases of $281 million in Treasury deposits with Federal Reserve Banks, $260 million in Money in circulation, $99 million in Other deposits with Federal Reserve Banks, $87 million in Foreign deposits with Federal Reserve Banks, $87 million in Other F * R. accounts (net), and $14 million in Treasury cash holdings, and an increase of $76 million in Gold stock. These changes were largely offset by a decrease of $751 million in Reserve Bank credit. The decrease of $751 million in Reserve Bank credit resulted from decreases of $691 million in Loans, discounts and advances and $215 million in Float, and an increase of $155 million in U. S. Government securities. The increase in U, S. Government securities reflected increases of $162 million in bills and $2 million in bonds, and a decrease of $9 million in certificates. Member Bank Reserves and Related Items Jan. 2, 1952 Change since Dec, 26, Jan. 3 1951 1951 (In millions of dollars) Reserve Bank credit: U. S, Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,658 110 1,057 24,825 22,697 4,706 +155 -691 -215 -751 + 76* + 2 +3,087 80 + - 222 +2,946 9 + 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) 29,143 1,275 8 523 171 745 -260 - 14* -281 - 87 - 99 - 87 +1,458 24 - 538 - 419 - 137 2 Member bank reserves 20,364 +156 +2,673 19,695 669 +122 + 34 +3,195 - 522 1,103 +227 72 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) since January 3, 1951 January 2, 1952 December 26, 1951 20,765,951 716,113 21,482,064 + + + 76,498 9,302 Other cash 320,738 + Discounts and advances Industrial loans U« S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 105,497 4,446 487,860 12,757,598 5,068,073 5,344,127 23,657,658 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 23,767,601 28 208,469 4,233,650 43,606 135,046 50,191,202 + + + + + 25,025,673 - 176,151 1,481,631 20,363,861 7,636 523,268 170,777 21,065,542 + 156,357 2,672,919 538,807 418,764 137,460 1,577,879 153,275 ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves - + - + + 85,800 + + 104,452 128,885 24,433 50,545 + 47,085 691,069 260 + + 77,762 1,874 161,525 - 9,000 + — — — - 2,000 154,525 + + 536,804 + + + 41,223 533,380 7 6,989 181,l4o LIABILITIES Federal Reserve notes Deposits: Member bank—reserves accounts U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 12,494 49,279,998 + 11,312 249,422 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section ljb) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 237,196 538,342 27,543 108,123 50,191,202 + + 809 28,320 + 97,411 181,140 3,176,289 Ratio of gold certificate reserves to deposit and F. R, note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - - - + + + 281,182 86,832 - 99,117 - 310,774 + 747,659 46*6$ + + +_ + + + 677,611 12,757,598 9,712,998 720,152 3,087,141 3,166,777 4 40,854 67,993 3,649 45,449 3,260,258 6,760 3,219,545 11,532 28,320 861 3,260,258 3-3#; 20,766 6,235 615 267 1,312 2,54? MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 2, 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 Industrial loans U. S. Government securities 91,855 615 139,208 13,630 1,236 3,640,894 — 12 — 105,497 2,002 593 ___ — 4,446 11,132,981 5,102,256 1 0 1 3 &l4 2,628',705 23,657,658 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 2, 1952 (in thousands of dollars) H.4.1(b) A b b t ib Gold certificates Redemption fund for F. R. notes Total Boston New York Phila» Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 20,765,951 747,997 7,006,015 1187,336 1471,821 944,644 812,053 3976,227 545,732 321,424 723,099 554,041 2475,562 716,113 62,778 78,065 56,306 75,407 68,214 Total gold certificate reserves 21,482,064 810,775 7,084,080 1243,642 1547,228 1012,858 49,808 122,653 49,274 37,123 25,018 28,152 63,315 86l,86l 4098,880 595,006 346,442 760,222 582,193 2538,877 Other cash 21,101 25,907 53,515 18,942 72,524 18,951 18,899 7,221 13,153 l8,6l4 31,757 320,738 20,154 Discounts and advances 4,841 16,730 12,720 18,640 300 2,510 17,340 5,170 100 5,000 105,497 950 21,196 Industrial loans 584 4,446 23 134 3,573 93 39 U. S. Govt, securities: Bills 46,645 31,267 27,506 72,270 25,688 14,878 487,860 120,717 28,729 31,718 22,501 22,110 43,831 Certificates 12,757,598 862,639 2,772,237 781,367 1268,616 850,372 748,092 1965,569 698,656 404,654 611,964 601,327 1192,105 Notes 5,068,073 343,580 1,091,009 311,210 505,277 338,694 297,957 782,865 278,268 161,170 243,739 239,502 474,802 Bonds 5,344,127 362,294 1,150,436 328,l6l 532,799 357,143 314,187 825,507 293,425 169,949 257,015 252,547 500,664 — — — Total U. S. Government securities 23,657,658 1600,231 Total loans and securities — — — • mm 5,134,399 1449,467 2353,337 1577,476 1387,742 3646,211 1296,037 — mm — 750,651 — — — 1135,219 1115,486 2211,402 23,767,601 1602,741 5,147,142 1471,680 2358,507 1594,909 1388,626 3651,052 1312,767 751,735 1156,415 1120,525 2211,502 Due from foreign banks 28 2 F.R.notes of other banks 208,469 4,012 Uncollected cash items 4,233,650 431,977 Bank premises 43,606 1,017 Other assets 135,046 10,112 TOTAL ASSETS — — — 1/ 8 27,113 2 1 4 1 1 1 l 1 3 3 12,962 10,656 8,031 20,292 51,719 19,320 21,616 11,246 8,513 12,989 878,628 248,437 373,192 341,380 275,585 645,367 165,606 113,769 228,262 161,487 369,960 4,111 2,882 6,342 3,266 2,854 4,764 1,083 2,458 651 7,465 6,713 20,368 28,411 8,302 13,785 6,802 8,050 7,165 6,309 9,055 4,135 12,552 $0,191,202 2880,790 13,24$,37% 3006,830 4327,034 3035,134 2582,232 8497,144 2113,999 1232,417 2175,826 1902,769 5191,656 l/ After deducting $20,000 participations of other Federal Reserve Banks, H.4.1(c) L I A B I L I T I E S STATEMENT OF CONDITIO*: OF THE FEDERAL RESERVE BANKS ON JANUARY 2, 1952 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Mpla. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,025,673 1525,946 5,562,437 1769,182 2284,811 1784,524 1379,975 4761,166 1165,806 631,726 971,803 700,630 2487,667 Deposits: Member bank-reserve accts. 20,363,861 934,905 6,599,638 920,997 1571,587 888,663 908,450 3103,763 760,823 468,501 958,109 960,793 2287,632 410 2,885 506 595 U,S.Treasurer-general acct. 7,636 316 91 584 322 337 412 592 586 18,889 12,763 18,889 47,491 Foreign 523,268 31,651 1/169,474 40,330 47,477 25,525 21,441 70,449 18,889 2,265 Other 170,777 5,382 102,621 2,676 5,784 3,824 2,230 2,128 6,745 1,310 35,439 373 Total deposits 21,065,542 972,254 6,871,824 964,587 1625,170 918,349 932,533 3176,932 787,043 486,414 977,781 981,498 2371,157 Deferred avail, cash items 3,176,289 323,399 542,463 201,664 331,706 283,423 228,336 431,313 123,762 89,038 189,686 184,472 247,027 Other liabilities and accrued dividends 12,494 1,283 3,292 632 1,246 621 589 1,906 578 489 4?8 489 891 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 lean commitments 4242,933 2986,917 2541,433 8371,317 2077,189 1207,667 2139,748 1867,089 5106,742 22,513 10,387 9,774 30,421 8,368 5,377 8,902 10,713 25,441 41,493 50,648 27,025 23,871 79,601 21,788 14,063 20,367 18,210 47,341 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l40 8,018 9,934 7,456 6,392 14,376 6,133 4,237 5,672 5,450 9,992 49,279,998 2822,882 12,980,016 2936,065 237,196 13,051 75,484 16,765 538,342 27,543 108,123 34,192 3,011 7,654 50,191,202 2880,790 20,766 6,235 1,288 — 159,743 7,319 22,809 13,245,371 3006,830 4327,034 3035,134 2582,232 8497,144 2113,999 1232,417 2175,826 1902,769 5191,656 2/6,375 — l,64l 1,508 1,931 917 1,039 64 872 — 2,866 2,473 768 — 519 768 830 768 --- 1,931 443 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 26,106,718 Collateral for F. R, notes: Gold certificates 12,484,000 Eligible paper 88,186 U. S. Govt, securities 14,050,000 Total collateral 26,622,186 1574,235 5,872,195 1832,352 2377,060 1858,066 1441,289 4891,938 1215,560 646,505 1008,588 751,772 2637,158 350,000 4,470,000 750,000 885,000 580,000 510,000 2520,000 270,000 150,000 280,000 219,000 1500,000 2,510 10,820 18,640 — 17,240 — — 16,730 950 21,196 —100 1300,000 1,500,000 1100,000 1500,000 1300,000 950,000 2400,000 1000,000 505,000 750,000 545,000 1200,000 1652,510 5,980,820 1868,640 2385,000 1897,240 1460,000 4920,000 1286,730 655,950 1051,196 764,000 2700,100 l/ After deducting $353,776,000 participations of other Federal Reserve Banks. 2/ After deducting $14,391,000 participations of other Federal Reserve Banks.
@FedFRASER