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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM g (For Immediate Release) July 3, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended July 2, Member bank reserves increased $147 million. The principal changes supplying reserves were an increase of $402 million in Reserve Bank credit and decreases of $44 million in Treasury deposits with Federal Reserve Banks, $34 million in Other deposits with Federal Reserve Banks, $19 million in Foreign deposits with Federal Reserve Banks, and $13 million in Treasury cash holdings. The principal offsetting change was an increase of $366 million in Money in circulation. The increase of $402 million in Reserve Bank credit resulted from increases of $305 million in U. S. Government securities and $174 million in Loans, discounts and advances, and a decrease of $76 million in Float. Holdings of U. S. Government securities reflected increases of $264 million in bills and $4l million in certificates. Member Bank Reserves and Related Items July 2, 1952 Change since July 3, June 25, 1951 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 22,869 485 801 24,155 23,346 4,755 +305 +174 - 76 +402 3 - 108 + 298 5 + 185 +1,590 + 101 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) 29,180 1,277 90 576 184 798 +366 - 13 - 44 - 19 - 34 + 5 +1,232 - 10 - 89 - 279 + 25 + 34 Member bank reserves 20,153 +147 + 964 2O,62W04 +446 -299 +1,468 - 504 636 -109 1 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) Change since July 3, June 25, 1951 1952 July 2, 1952 ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 21,464,252 690,626 22,154,878 + + 10,002 +1,605,851 189 + 37,248 9,813 +1,643,099 13,472 + 14,090 Other cash 304,804 Discounts and advances Industrial loans 479,570 4,951 + U, S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 345,800 11,819*516 5,568,073 5,135,823 22,869,212 + + Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 23,353,733 28 146,995 3,772,627 45,451 175,261 49,953,777 + 4- 478,144 + 189,247 10 10,379 + 29,171 318,769 + 453,057 3,833 492 + 8,671 + 17,084 137,158 +2,349,571 ~ + 173,013 + 298,480 31 753 263,800 - 176,750 41,300 +8,625,724 -6,871,175 -1,686,279 305,100 - 108,480 - + - - — — *• — - + LIABILITIES 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 24,961,070 + 333,768 +1,216,131 20,152,771 90,438 575,580 184,235 21,003,024 2,971,204 11,588 SB,946,885 4 146,946 43,665 19,900 33,862 49,519 242,901. 9,641 130,745 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 245,460 538,342 27,543 195,546 59,953,777 + Ratio of gold certificate reserves to deposit and F, R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 48.2% - + • + 963,298 88,137 278,922 25,180 621,419 457,523 1,135 +2,293,930 470 + + - — — 13,692 28,320 - - - — — — 5,943 + 13,621 + 137,158 +2,349,571 + - 9,094 6,000 + + + + .4/0 + + 996 450 + 1.7* 18,995 2,619 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 2, 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 431,313 48,242 15 743 995 2,990 223 4797570 X951 U. S. Government securities 293,600 93,500 13,398,441 5,941,352 1,070,224 2,072,095 227Bo9,212 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 2, 1952 (in thousands of dollars) H.4.1(b) ASSETS Total Phila.• Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 21,464,252 716,388 6,749,605 1210,150 1431,286 927,205 854,163 4466,820 531,379 345,651 824,671 659,401 2747,533 690,626 62,024 72,076 55,077 78,029 72,425 47,367 103,785 48,221 24,575 38,269 27,339 22,154,878 778,412 6,821,681 1265,227 1509,315 999,630 901,530 4570,605 579,600 370,226 862,940 686,740 : 304,804 479,570 4,951 20,305 2,765 59,986 27,500 17,709 26,560 4,049 28,642 23,680 16,073 20,760 98 29,040 58,262 16,690 109,200 706 16,177 22,520 5,454 21,740 98 9,994 29,190 61,439 ro reserves New York ! Gold certificates Redemption fund for F. R. notes Boston 10,232 32,930 5,570 173,395 Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds 8,970 12,336 12,916 25,739 129,072 17,711 28,130 19,047 16,311 40,301 15,273 345,800 19,994 11,819,516 835,676 2,761,066 740,284 1175,750 796,065 681,712 1684,4l4 638,368 374,913 515,603 539,867 1075,798 5,568,073 395,060 1,285,752 349,965 555,827 376,335 322,274 796,296 301,784 177,237 243,748 255,218 508,577 5,135,823 364,392 1,185,939 322,797 512,678 347,120 297,256 734,479 278,356 163,478 224,826 235,406 469,096 Total U. S. Government securities 22,869,212 1615,122 5,361,829 1430,757 2272,385 1538,567 1317,553 3255,490 1233,781 724,598 996,513 1043,407 2079,210 Total loans and securities 23,353,733 1617,887 5,389,329 l46l,366 2296,065 1559,425 1334,949 3364,690 1256,301 746,436 1025,703 1048,977 2252,605 Due from foreign banks F.R.notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS — — — 28 2 2,410 146,995 3,772,627 329,082 990 45,451 175,261 14,098 — - — — - " — - - - 4 2 1 l 1 l 1 1 1/ 8 3 3 6,448 19,195 6,822 34,009 18,268 13,688 19,362 5,290 6,955 7,957 6,591 713,346 240,122 338,815 312,097 244,8i8 622,004 137,723 102,180 211,660 156,076 364,704 1,042 2,362 3,148 1,067 4,746 6,563 6,793 3,512 7,696 2,955 4,577 8,003 15,793 9,236 7,894 5,437 39,855 10,729 17,626 11,944 10,362 24,284 49,953,777 2763,186 13,051,263 3003,400 4202,034 2937,756 2542,480 8660,100 2010,143 1237,756 2127,145 1917,519 5500,995 l/ After deducting $20,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 2, 1952 (in thousands of dollars) H.4.1(c) L IA B I L I TIES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St,Louis Mpls, Kans.Cy. Dallas SanFran. 24,961,070 1551,970 5,555,539 1765,464 2269,425 1731,127 1360,253 4733,527 1141,268 628,820 982,624 714,270 2526,783 Federal Reserve notes Deposits: Member bank-reserve accts. 20,152,771 847,451 6,297,035 924,263 1524,129 872,503 905,331 3246,329 674,981 479,368 915,379 983,594 2482,408 1,582 552 1,161 849 80,243 921 581 730 1,002 497 556 1,764 U.S.Treasurer-general acct. 90,438 Foreign 575,580 35,216 1/179,099 44,304 52,256 28,968 24,424 78,952 21,584 14,768 21,584 21,584 52,841 637 902 34,410 7,068 ~ 113,319 4,693 4,793 4,565 2,483 2,069 7,945 1,351 Other 184,235 Total deposits 21,003,024 890,584 6,669,696 974,181 1581,759 906,766 933,240 3327,847 705,066 497,251 939,182 1006,632 2570,820 536,002 186,710 255,294 244,917 202,159 456,927 121,534 83,609 164,471 155,301 308,502 Deferred avail, cash items 2,971*204 255,778 Other liabilities and 422 463 740 542 459 552 1,713 543 1,461 575 accrued dividends 11,588 901 3,217 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 cocmitnents 48,946,886 2699,233 12,764,454 2926,898 4107,939 2883,385 2496,204 8520,014 1968,410 1210,139 2086,740 1876,625 5406,845 77,047 17,107 23,620 10,734 10,113 31,880 8,577 5,473 9,284 11,891 26,555 245,460 13,179 159,743 41,493 50,648 27,025 23,871 79,601 21,788 14,063 20,367 18,210 47,341 538,342 34,192 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o 27,543 3,011 42,700 13,413 18,821 13,263 11,530 27,176 10,847 7,008 9,617 9,486 18,114 195,546 13,571 49,953,777 2763,186 13,051,263 3003,400 4202,034 2937,756 2542,480 8660,100 2010,143 1237,756 2127,145 1917,519 5500,995 9*094 6,000 564 2/2,746 709 1,455 837 915 464 61 391 1,264 2,367 345 236 346 800 346 846 402 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 25,822,608 1586,287 5,783,88a. 1820,872 2337,596 1810,880 1410,498 4829,461 1174,576 641,968 1008,612 744,831 2673,146 13,149,000 400,000 4,470,000 750,000 810,000 430,000 485,000 2950,000 270,000 165,000 280,000 239,000 292,355 1,835 12,875 25,390 — 19,995 — — 21,850 21,350 24,060 — 13,375,000 1300,000 1,400,000 1100,000 1575,000 1400,000 950,000 1900,000 950,000 505,000 750,000 545,000 26,816,355 1701,835 5,882,875 1875,390 2385,000 1849,995 1435,000 4850,000 1241,850 691,350 1054,060 784,000 1/ After deducting $396,464,000 participations of other Federal Reserve Banks. 2/ after deducting $6,348,000 participations of other Federal Reserve Banks. 1900,000 165,000 1000,000 3065,000
@FedFRASER