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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 13; 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 12, Member bank reserves decreased $6 million. The principal change reducing reserves was a decrease of $105 million in Reserve Bank credit. The principal offsetting changes were decreases of $34 million in Foreign deposits with Federal Reserve Banks, $31 million in Treasury deposits with Federal Reserve Banks,^ $20 million in Other deposits with Federal Reserve Banks, and $12 million in Money in circulation. The decrease of $105 million in Reserve decreases of $95 million in Float and $26 million advances, and an increase of $16 million in U. 3. Holdings of U. S. Government securities reflected in bills. Member Bank Reserves and Related Items Bank credit resulted fiom in Loans, discounts and Government securities. an increase of <jjl6 million March 12, 1952 Change since March 5, March 14, 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 22,530 362 886 23,778 23,291 4,726 + 16 - 26 - 95 -105 + 1 + 104 + 226 - 203 + 126 +1,391 + 87 - 12 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) 28,452-, ' 1,296 639 566 275 785 - 31 - 34 - 20 - 2 +1,285 + 13 + 219 - 290 + 29 + 64 Member bank reserves 19,781 - 6 + 283 19,6655 ^c\c\ - 18 + 12 + - 7^9 466 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 641 — — + 5 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change.since March 14, March 5, 1951 1952 March 12, 1952 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 21,386,252 706,082 22,092,334 + + + 1,305,849 111,416 1,417,265 Other cash 384,042 - 11,555 + 43,679 Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 357,481 4,790 + 26,333 206 + + 225,339 962 16,000 + 16,000 + 16,000 11,809,806 5,068,073 5,635,823 22,529,702 28 167,703 3,631,524 44,316 164,395 49,376,315 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank--reserve accounts TJ. 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 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 24,375,331 19,781,300 638,979 566,054 275,258 21,261,591 2,745,452 14,969 48,397,343 241,930 538,342 27,543 171,157 49,376,315 48.4$ + 33,164 + 1,307,146 6,165 31,026 34,057 20,136 91,384 121,172 438 2,938 + + 283,765 218,574 290,390 29,395 241,344 127,401 3,525 1,424,614 246 + w mm + + + + 9,083 26,097 155 8,105 3,592 - • • - - + + - + + 9,034 6,810 + + + - - - 4- + - + + 13,871 4- 28,320 6^284 3,592 + 20,089 .1$ + — - • + 103,216 329,517 4 25,572 330,488 3,755 2,410 1,486,894 10,127 22,891,973 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS - + 11,809,806 9,988,810 223,60$ 674 194 4- - 1.556 22,4% 3,909 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. MARCH 12, 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 341,016 16,465 895 70 6 2,070 1,119 357?®r "4,790 U. S. Government securities 16,000 13,430,031 5,102,256 1,352,715 2,628,705 22.529,702 H.4.1(b) A S S E T S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 12, 1952 (in thousands of dollars) Total Boston 21,386,252 768,060 706,082 62,118 Total gold certificate 22,092,334 reserves 830,178 Gold certificates Redemption fund for F. R. notes 384,042 Other cash Discounts and advances 357,481 Industrial loans 4,790 U. S. Govt, securities: 16,000 Bills 11,809,806 Certificates 5,068,073 Notes 5,635,823 Bonds Cleve. Rich. 7,096,073 1280,200 1488,947 966,227 New York 75,496 Phi la. 55,066 80,598 "65,208 7,171,569 1335,266 1569,545 1031,435 27,921 9,232 73,481 91,395 338 800,623 343,580 382,069 12,077 2,542,309 1,091,009 1,213,229 33,279 10,715 21,285 12,970 80 307 499 725,193 1177,414 311,210 505,277 346,073 561,880 334 789,238 338,694 376,636 27,206 4,835 3,753 Atlanta Mpls. Kans.Cy. Chicago St.Louis 587,445 384,200 787,084 116,721 49,033 24,901 36,912 885,154 4110,769 636,478 409,101 823,996 76,270 132,565 ——- 18,350 12,835 7,252 2,550 128 13,699 20,534 294 772 694,310 1824,261 297,957 782,865 331,336 870,566 275 648,428 278,268 309,441 159 375,563 161,170 179,225 240 567,969 243,739 271,044 835,929 3994,048 49,225 29,461 16,000 809 Dallas SanFran. 622,330 2575,709 27,966 62,838 650,296 2638,547 13,386 3,000 20 42,452 40,850 236 469 558,096 1106,402 239,502 474,802 266,332 527,992 ~°securitfgs G Q V e r P m e P t 22,529,702 1526,610 4,858,624 1382,783 2245,070 1504,902 1323,897 3^78,464 1236,412 716,117 1082,992 1064,166 2109,665 ~~securities~~ 4,950,019 1391,371 2255,785 1517,952 1340,706 3611,029 1249,247 718,795 1103,526 1067,186 2150,515 22,891,973 1535,842 EE23S\$i s i , ' ™ TOTAL ASSETS & «;S is a W si a ; « i'S Jtst .'i a s a a t.% . a 49,376,315 2712,552 12,905,178 2991,973 4206,898 2926,415 2559,296 8450,858 2082,856 1242,077 2150,952 1917,223 5230,037 1/ After deducting $20,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS 01 MARCH 12, 1952 (in thousands of dollars) H.4.1(d) L I A B I L I T I E S Total Boston New York Phila, Cleve, Rich. Atlanta Chicago St.Louis 24,375,331 1494,199 5,378,683 1733,090 2235,960 1716,964 1324,866 4653,220 1131,379 Federal Reserve notes Deposits: Member bank-reserve accts. 19,781,300 836,438 6,275,379 917,486 1508,938 847,222 894,328 3090,173 722,774 27,838 46,949 76,048 4l,8oi 105,148 44,917 76,549 U.S .Treasurer-general acct. 638,979 4-3,602 28,744 24,235 78,340 21,417 43,961 51,851 34,943 1/172,645 Foreign 566,054 5,794 2,458 2,148 8,215 1,538 4,462 210^612 4,306 Other 275,258 21,261,591 Total deposits 2,745,452 Deferred avail, cash items Other liabilities and accrued dividends 14,969 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 919,289 236,039 872 6,763,784 1007,902 l64l,800 479,227 175,438 236,445 4,138 759 1,697 909,598 246,561 967,970 3246,709 220,927 411,970 779 763 2,137 794,207 116,210 671 Mpls. Kans.Cy. Dallas SanFran. 623,961 962,731 679,432 2440,846 456,133 42,063 14,654 987 936,170 42,472 21,417 1,315 995,686 2300,573 34,447 57,145 21,417 52,430 504 32,919 513,837 1001,374 1052,054 2443,067 76,824 146,801 145,433 253,577 608 601 590 1,354 48,397,343 2650,399 12,625,832 2917,189 4115,902 2873,902 2514,526 8314,036 2042,467 1215,223 2111,514 1877,509 5138,844 76,434 16,951 23,o4o 10,548 9,977 31,258 8,465 5,452 9,171 H,7l4 25,786 241,930 13,134 159,743 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 2,140 27,543 3,011 35,850 11,851 16,302 11,591 10,160 24,534 9,615 6,266 8,763 8,483 15,926 171,157 11,816 49,376,315 2712,552 12,905,178 2991,973 4206,898 2926,415 2559,296 8450,858 2082,856 1242,077 2150,952 1917,223 5230,037 343 84: 422 343 235 343 820 25,350,493 1553,829 5,626,939 1785,608 2319,556 1804,051 1393,035 4751,669 1179,491 635,460 987,695 12,739,000 450,000 167,476 9,232 13,575,000 1300,000 26,481,476 1759,232 4,470,000 750,000 760,000 580,000 485,000 2610,000 270,000 12,835 8,595 68,145 4,835 1,300,000 1100,000 1625,000 1300,000 950,000 2200,000 1000,000 5,838,145 1854,835 2385,000 1888,595 1435,000 4810,000 1282,835 165,000 280,000 219,000 1700,COO 40,850 2,550 20,434 505,000 750,000 545,000 1000,000 672,550 1050,434 764,000 2740,850 9,034 6,810 560 2/2,727 705 2,166 831 916 46l 67 389 1,256 2,419 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F,R, notes: Gold certificates Eligible paper U. S, Govt, securities Total collateral 1/ After deducting $393,392,000 participations of other Federal Reserve Banks. 2/ After deducting $6,307,000 participations of other Federal Reserve Banks. 726,805 2586,355