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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) March 20, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 19, Member bank reserves increased $1,257 million. The principal changes supplying reserves were decreases of $633 million in Treasury deposits with Federal Reserve Banks, $91 million in Money in circulation, $80 million in Other deposits with Federal Reserve Banks, $19 million in Foreign deposits with Federal Reserve Banks, and $11 million in Treasury cash holdings, and an increase of $438 million in Reserve Bank credit. The principal offsetting change was an increase of $18 million in Other F. R. accounts (net). The increase of $438 million in Reserve Bank credit resulted from increases of $374 million in Float and $295 million in U. S. Government securities, and a decrease of $231 million in Loans, discounts and advances. Holdings of U. S. Government securities, which include $311 million certificates of indebtedness—special series, issued to the Federal Reserve Banks, reflected an increase of $311 million in certificates and a decrease of $l6 million in bills. Member Bank Reserves and Related Items March 19, 1952 Change since March 12, March 21, 1952 1951 (In millions of dollars) Reserve Bank credit 295 231 374 438 l 3 477 24 U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 22,825 131 1,260 24,216 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) 28,361 1,285 6 547 195 803 + 91 11 633 19 80 18 +1,240 10 602 293 7 Member bank reserves 21,038 +1,257 +1,737 19,561 (#11 l,4fHl + + 376 881 + + + 480 + 258 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 23,292 4,729 1,121 + - + + + + - - + - + 155 + 91 4- 609 +1,436 - - + 69 857 880 H.4.l(a) STATEMENT OF CONDITION ; OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since March 12, March 21> 1952 1951 March 19, 1952 ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 21,.403; 253 699,055 22,102,308" Other cash 387,782 Discounts and advances Industrial loans U. S. Government securities; Bills Certificates Notes Bonds Total U. S. Government securities 126,052 4,856 12,120,806 5,068,073 5,635,823 22,824,702 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22,955,610 28 163,641 5,004,148 44,497 153,053 50,811,067 + 17,001 7,027 9,974 + 3,740 + 54,212 231,429 66 + 24,742 1,063 16,000 311,000 +12,120,806 + - - + - 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 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 + - - - + 295,000 + 63,637 4,062 +1,372,624 + 181 11,342 +1,434,752 + 1,382,350 + 97,213 + 1,479,563 - 1,499,798 - 9,888,810 - 255,408 + 476,790 + + + + + 453,111 4 25,088 844,880 3,853 5,267 + 2,855,444 24,280,208 95,123 + 1,263,729 21,037,517 6,072 547,225 195,129 21,705,943 3,744,037 15,518 49,825,706 +1,256,217 - 632,907 18,829 - 80,129 + 524,352 + 998,585 + 549 +1,428,363 + 1,736,466 602,084 - 292,934 6,730 +834,718 + 689,374 + 4,158 + 2,791,979 241,970 538,342 27,543 177,506 50,811,067 40 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + 6,349 +1,434,752 48.0% 8,104 6,729 + + 13,758 28,320 + 21,387 + 2,855,444 .4% + 1.1% 930 81 + 23,615 3,852 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 19, 1952 (Callable Government securities classified according the 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 101,405 11,647 1,532 17 13,000 2,172 126,052 XB56" 1,135 U. S. Government securities 311,000 13,430,031 5,441,352 1,013,614 2,628,705 22,824,702 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 19# 1952 (In thousands of dollars) H.4.1(b) ASS ETS Gold certificates Redemption fund for F, R. notes Total 21,403,253 699,055 Cleve. Rich. 78 9,270 7,523,073 1243,973 1451,570 931,373 Boston 61,678 Total gold certificate 850,948 reserves 22,102,308 Other cash Discounts and advances Industrial loans U. S. Govt, securities: Certificates Notes Bonds 387,782 126,052 4,856 27,953 2,544 12,120,806 821,707 5,068,073 343,580 5.635,823 382,069 New York 73.861 Phila. 54,264 80,064 7,596,934 1298,237 1531,634 72,193 15,356 26,611 4,534 3,812 30,183 6,8ll —- Atlanta Chicago St.Louis 557,045 333,451 733,895 116,133 48,865 24,830 36,772 9.94,734 826,132 4048,964 605,910 358,281 770,667 18,881 9,094 6,959 588 128 13,756 6,258 — 63,361 22,640 8,733 87 777,300 3932,831 Mpls. Kans.Cy. 48,832 33,638 6,309 809 77,067 28,872 Dallas SanFran. 591,889 2537,583 27,839 62,556 619,728 2600,139 13,770 494 20 44,131 36,459 --- Bl SS S ill II 11! IS 385,453 161,170 179,225 582,926 572,793 1135,538 243,739 239,502 474,802 271,044 266,332 527,992 Total U. S. Government 1547,356 securities 22,824,702 4,913,496 1401,573 2275,577 1525,352 1341,887 3525,732 1253,213 725,848 1097,709 1078,627 2138,332 Total loans and securities U,928,852 1409,919 2282,388 1534,172 1349,005 3554,604 1262,307 22,955,610 1549,900 726,564 1103,967 1079,141 2174,791 1 3 3 1 1 4 1 1 1 1/8 2 2 Due from foreign banks 28 9,765 18,065 7,758 39,725 22,047 15,733 7,434 6,191 5,341 20,521 6,500 4,561 F.R.notes of other banks 163,641 204,257 394,965 531,253 313,946 300,975 927,017 221,573 108,850 255,97% Uncollected cash items $,004,148 382,530 1,050,115 312,693 654 6,767 4,791 4,342 3,198 6,540 3,229 1,078 2,426 - . . 1. U t, n«7 1,008 7,621 2,843 44,497 7,307 14,331 Bank premises 15,1189 10,286 9,033 22,681 8,066 4,713 7,544 32.823 9,160 11,620 153,053 Other assets 4403,499 2919,846 2544,029 8652,610 2127,401 1212,637 2159,676 1934,623 $253,192 50,811,067 2828,522 13,709,067 3065,965 TOTAL ASSETS 1/ After deducting $20,000 participations of other Federal Reserve Banks, STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 19, 1952 (In thousands of dollars) 1.4.1(c) I A B I L I T I E S Total Boston Phila. New York Cleve. Rich. Atlanta Chicago St. Louis Mpls. Kans.Cy. Dallas SanFran* 1127,317 622,272 957,693 673,789 2423,253 24,280,208 1490,991 5,367,157 1723,586 2227,010. 1708,430 1316,497 4642,213 Federal Reserve notes Deposits: 769,944 464,869 955,376 1015,078 2372,389 Member bank-reserve accts. 21,037,517 962,525 6,952,933 9^0,479 1576,575 865,1^2 913,804 3248,403 98 639 526 1,008 525 584 267 302 585 507 531 500 U.S.Treasurer-general acct. 6,072 50,811 20,756 20,756 14,201 20,756 33,864 1/165,962 42,604 50,250 27,856 23,487 75,922 Foreign $4?,225 638 31,755 8,740 1,201 1,377 3,993 132,374 1,596 5,326 3,524 2,573 2,032 Other 195,129 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 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 commitments 21,785,943 1000,966 7,251,536 984,981 1632,736 897,029 805,306 281,391 450,484 260,642 3,744,037 272,744 15,518 1,186 4,46l 831 1,639 940,395 3326,857 799,966 241,256 543,450 158,780 742 728 2,267 605 481,279 81,507 978,034 1036,570 2455,594 183,665 183,562 281,250 528 561 694 1,276 1185,586 2119,953 1894,615 5161,373 49,825,706 2765,887 13,428,460 2990,789 4311,869 2866,843 2498,876 8514,787 2086,668 5,453 9,173 11,714 25,786 16,960 23,047 10,541 10,001 31,263 8,465 76,433 13,134 241,970 14,063 20,367 18,210 47,341 41,493 50,648 27,025 23,871 79,601 21,788 159,743 34,192 538,342 1,073 1,137 1,307 2,l4o 4,489 1,006 3,349 762 1,429 521 3,011 7,319 27,543 9,046 8,777 16,552 6,462 12,234 16,929 12,088 10,519 25,530 9,959 37,112 12,298 177,506 50,811,067 2828,522 13,709,067 3065,965 4403,499 2919,846 2544,029 8652,610 2127,401 1212,637 2159,676 1934,623 5253,198 8,104 6,729 502 2/2,446 632 2,089 746 916 413 63 349 1,127 2,419 308 211 308 820 308 754 422 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes 1 Gold certificates Eligible paper U. S. Govt, securities Total collateral 25,301,033 1555,498 5,631,995 1779,562 2313,434 1792,627 1390,050 4739,517 1172,672 12,739,000 450,000 4,470,000 750,000 760,000 ' 69,547 n -Ln-Ln Q J> son — 1,738 11,130 3,520 yjy y J ' ! } fJ ; y 634,017 984,237 722,943 2584,481 580,000 485,000 2510,000 270,000 165,000 280,000 219,000 1800,000 3,395 — — 8.600 250 5.664 — 35,250 13,675,000 1300,000 1.300,000 1100,000 1625,000 1300,000 950,000 2300,000 1000,000 505,000 750,000 545,000 1000,000 26,483,547 1751,738 5,781,130 1853,520 2385,000 1883,395 1435,000 4810,000 1278,600 670,250 1035,664 764,000 2835,250 l/ After deducting $381,247,000 participations of other Federal Reserve Banks. 2/ After deducting $5,658,000 participations of other Federal Reserve Banks. J
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