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BOARD OF GOVERNORS OF TEE FEDERAL RESERVE SYSTEM (For Immediate Release) June 26, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 25, Member bank reserves decreased $1,226 million. The principal changes reducing reserves were a decrease of $1,075 million in Reserve Bank credit, and increases of $125 million in Treasury f :posits with Federal Reserve Banks, $50 million in Other deposits with Federal Reserve Banks, and $27 million in Money in circulation. The principal offsetting change was an increase of $4g million in Gold stock. The decrease of $1,075 million in Reserve Bank credit resulted from decreases of $433 million in U. S. Government securities, $408 million in Float, and $235 million in Loans, discounts and advances, The decrease in holdings of U, S* Government securities reflected retirement of the $413,000,000 certificates of indebtedness--special series, issued to the Federal Reserve Banks, held the previous week, an increase of $33,000,000 in other certificates, and a decrease of $53,000,000 in bills* June 25, Member Bank Reserves and Related Items 1952 Change since June <^7 > June 18, 1951 1952 (In millions of dollars) Reserve Batik credit: TJ, S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 22,564 311 877 23,753 23,346 4,752 - 433 - 235 - 4o8 -1,075 + 49 1 1 - 279 + 85 + 31 - 163 +1,591 + 102 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) 28,814 1,290 134 595 218 793 + + + +1,213 + 4 - 284 - 352 + 26 + 18 20,006 -1,226 + 19,5% 90 -1,136 +1,014 - 110 - + ? Member bank reserves Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 745 + 27 4 125 5 50 1 118 904 184 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves June 27, 1951 June l8, 1952 June 25, 1952 21,454,250 690,815 22,145,065 + 4+ 37,997 9,476 47,473 + 1,585,848 + 40,976 + 1,626,624 Other cash 318,276 + 1,205 + 11,925 Discounts and advances Industrial loans 306,557 4,920 234,850 190 + 86,256 + 11,778,216 53,000 380,100 5,568,073 5,135,823 22,564,112 — 433,100 319,394 + 8,584,424 - 6,871,175 - 1,672,979 279,124" 22,875,589 667,760 - U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 82,000 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 28 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 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 193,398 10 157,374 4,091,396 44,959 183,932 59,816,619 4,841 956,370 41 9,295 + - 1,561,357 + + + + 24,627,302 + + 1,193,084 20,005,825 134,103 595,480 218,097 20,953,505 3,214,105 21,229 58,816,141 - 1,225,792 + 124,924 4,301 + 49,621 - 1,055,54b 549,122 + + + + - 1,567,623 + 2,138,411 + + + 244,990 538,342 27,543 189,603 59,816,619 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + - 530 + 34,931 309 1.2i 8,098 6,450 + 2,192,606 2,116 + + 5,957 - 1,561,357 48.6$ 29,597 680,849 3,491 33428 37 25 903,447 283,571 351,225 26,464 295,115 650,043 169 13,728 28,320 + 12,347 + 2,192,606 2.1# 18,801 2,907 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 25, 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 279,037 27,501 19 1,345 343 2,100 1,132 306,557 4,920 U. S. Government securities 991,666 63,000 12,425,775 5,941,352 1,070,224 2,072,095 22,564,112 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 25, 1952 (in thousands of dollars) H.4.1(b) A S S E T S Gold certificates Redemption fund for F. R. notes ""reserves certlf:icate other cash Discounts and advances Industrial loans Total Boston 21,454,250 670,483 690.815 62,149 22,145,065 732,632 New York Cleve. Rich. 7,032,362 1217,628 1445,615 8ll,6l0 4428,774 78,192 871,645 , 73,226 7,104,799 1270,951 1523,807 944,871 72,437 21,590 6,505 — 59,38l 51,796 — 'Biils° Vt * s e c u r i t i e s : 82,000 Certificates 11,778,216 Notes 5,568,073 Bonds 5,135,823 5,818 835,676 395,060 364,392 18,935 2,719,766 1,285,752 1,185,939 53,323 584,071 343,955 827,450 633,577 2787,133 2,610 374,913 177,237 163,478 3,590 515,603 243,748 224,826 ~ ° s e c ^ i t i e S G ° V e r P m e n ^ 22,564,112 l600,946 5,210,392 l4l8,200 2252*440 1525,063 1305,988 3226,916 1222,952 718,238 987,767 1034,249 2060,961 ~°securities^~ 5,262,188 1445,552 2264,826 1541,064 1320,436 3297,043 1241,706 736,646 1048,619 1039,253 2070,805 2 5,778 253,667 2,821 11,440 3 7,114 424,298 4,756 18,383 1 34,538 322,526 4,574 12,485 33,188 13,714 734 24,595 606,205 2725,6l8 , 27,372 61,515 4,444 638,368 301,784 278,356 TOTAL ASSETS 5,543 796,065 376,335 347,120 859,080 4532,739 47,470 789,148 . 38,302 4,746 11,727 681,712 l684,4l4 322,274 796,296 297,256 734,479 l/ 8 21,046 863,834 7,718 41,733 5,154 8,185 740,284 1175,750 349,965 555,827 322,797 512,678 319,360 103,965 535,802 ,^ 48,269 Dallas SanFran. 10,445 60,852 2 3,341 334,503 994 14,799 18,004 15,893 108 Mpls. Kans.Cy. 6,102 18,308 100 Due from foreign banks 28 F.R.notes of other banks 157,374 Uncollected cash items 4,091,396 44,959 Bank premises Other assets 183,932 26,751 12,386 Chicago St.Louis 17,564 18,754 — 22,875,589 1607,451 18,978 23,374 3,978 Atlanta 59,695 70,127 —- U 318,276 306,557 4,920 Phila. 1 19,087 237,649 3,512 10,931 ^ 16,693 630,882 6,527 25,652 , * 8,639 192,698 3,169 9,661 0 s * n 6,438 95,779 1,070 5,698 10,837 5,004 35,741 9,844 3,758 7,490 539,867 1075,798 255,218 508,577 235,406 469,096 r, •*" s s 8,752 6,623 201,828 179,929 2,378 643 8,228 8,545 ^ 19,325 353,803 6,797 16,377 49,816,619 2715,312 13,360,707 3009,189 4269,938 2878,063 2483,884 8569,235 2057,509 1195,689 2107,701 1879,408 5289,984 1/ After deducting $20,000 participations of other Federal Reserve Banks. STATEMENT'OF CONDITION OF'THE FEDERAL RESERVE BANKS'' ON JUNE 2 % 1952 (in thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston 24,627,302 1529,024 Federal Reserve notes Deposits: Member bank-reserve accts. 20,005,825 820,270 134,103 564 U.S.Treasurer-general acct, 595,480 36,847 Foreign 218,097 27,111 Other New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 5,490,934 1738,277 2255,177 6,473,672 919,878 1525,236 127,607 457 563 1/180,644 136,009 46,355 2,195 54,676 3,372 861,988 623,707 970,506 696,469 2480,351 913,464 545 384 949,497 2349,315 505 905 22,583 55,285 708 32,721 973,293 2438,226 507 82,608 4,070 22,583 7,070 448,355 555 15,452 815 896,727 3291,112 734,550 465,177 936,976 843 609 779 709 25,555 2,141 599 Dallas SanFran. 22,583 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,953,505 3,214,105 884,792 236,549 6,917,932 659,790 21,229 1,214 7,005 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,8l6,l4l 2651,579 13,075,661 2933,108 4176,485 2824,065 2438,011 8430,050 2016,089 1168,221 2067,552 1838,792 5196,528 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 968,885 1583,847 224,854 335,158 587 30,309 1,501 Mpls. Kans.Cy. 1,092 2,303 244,990 13,176 76,900 17,080 23,609 538,342 27,543 189,603 34,192 3,011 13,354 159,743 7,319 41,084 41,493 4,489 13,019 50,648 1,006 18,190 256,293 206,612 455,781 156,709 963 983 2,797 78,728 159,291 168,095 276,245 935 1,706 10,728 27,025 3,349 10,105 23,871 762 31,825 79,601 1,429 8,562 21,788 521 5,466 14,063 1,073 9,240 20,367 1,137 11,879 18,210 1,307 26,420 47,341 2,l4o 12,896 11,135 26,330 10,549 6,866 9,405 9,220 17,555 49,816,619 2715,312 13,360,707 3009,189 4269,938 2878,063 2483,884 8569,235 2057,509 1195,689 2107,701 1879,408 5289,984 8.098 6.099 502 2/2,446 632 1,549 745 915 413 61 348 1,125 2,367 308 210 308 805 308 753 402 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 25,703,644 1586,798 5,783,170 1804,483 2325,441 1806,598 1398,072 4779,822 1174,912 640,190 1005,503 736,115 2662,540 13,099,000 400,000 4,470,000 750,000 810,000 430,000 485,000 2900,000 270,000 165,000 280,000 239,000 1900,000 9,100 18,350 18,100 60,450 15,485 40,630 ±yvt v} \j\jy 'tv,vjv 22,750 1 y^ ;1 —7 '/ ' 190,874 6,009 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 1000,000 26,664,874 1706,009 5,910,630 1872,750 2385,000 1845,485 1435,000 4800,000 1238,350 688,100 1090,450 784,000 2909,100 1/ After deducting $414,821,000 participations of other Federal Reserve Banks. 2/ After deducting $5,652,000 participations of other Federal Reserve Banks.
@FedFRASER