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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.4,1

(For Immediate Release)

March 27, 1952

CONDITION OF THE FEDERAL RESERVE BANKS
Member Bank Reserves and Related Items

During the week ended March 26, Member bank reserves decreased
$762 million. The principal change reducing reserves was a decrease of
$ 8 0 3 million in Reserve Bank credit, which was offset in part by a decrease of
$32 million in Money in circulation.
The decrease of $ 8 0 3 million in Reserve Bank credit resulted from decreases of $550 million in Float and $297 million in U. S. Government securities,
and an increase of $44 million in Loans, discounts and advances. Holdings of
U. S. Government securities, which include $14 million certificates of indebtedness -- special series, issued to the Federal Reserve Banks, reflected a decrease of $297 million in certificates.

Member Bank Reserves
and Related Items

March 26,
1952

March 19,
1952

March 28,
1951

(In millions of dollars)
Reserve Bank credit
U. S. Government securities
Acceptances purchased
Loans, discounts and advances
Float
Total
Gold stock
Treasury currency outstanding

22,528

-297

—

-

78
2

-

300
59
439

+

94

- -

175
710
23,413
23,291
4,731

+ 44
-550
-803
- 1

+

2

+1,436

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)

28,329
1,282
7
545
191
804

- 32
- 3
.+ 1
- 2
- 4
+ 1

Member bank reserves

20,276

-762

+1,253

19,480-BOO

-101
-661

+

+ 29

+ 626

Required reserves (estimated)
Excess reserves (estimated)
Daily average excess reserves (estimated)




1,150

+1,291
17
-1,045
- 353

+

+

108
68

945

308

H.4.1(a)

STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(In thousands of dollars)
Change since
March 28.
March 19,
1951
1952

March 26,
1952
A S S E T S
Gold certificates
Redemption fund for F. R. notes
Total gold certificate reserves

21,407,251
22,106,375

+
+
+

3,998

+ 1,389,847

4,067

+ 1,487,476

4,153

+

33,375

+

300,627
1,134
1,996

Other cash

383,629

Discounts and advances
Industrial loans
Acceptances purchased
U. S. Government securities:
Bills
Certificates
Notes
Bonds
Total U. S. Government securities

169,942
5,124

+
+

43,890
268

11,823,806
5,068,073
5,635,823
22,527,702

-

297,000

22,702,768

-

252,842

178,010

+

14,369

Total loans and securities
Due from foreign banks
F. R. notes of other banks
Uncollected cash items
Bank premises
Other assets
TOTAL ASSETS

28

3,868,050

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
Ratio of gold certificate reserves to deposit
and F. R. note liabilities combined
Contingent liability on acceptances purchased
for foreign correspondents
Industrial loan commitments

- 1,598,598
+11,823,806
- 9,906,766
396,508

297,000

-1,136,098

379,549
4
29,538
252,789
3,869
. M35

44,454
161,474
49,444,788

43
+
8,421
-1,366^279

+ 1,425,767

24,258,067

22,141

+ 1,296,380

-

761,166

+

1,383

+ 1,253,740
- 1,044,688
353,298
108,559
252,805
+
311,933
+
5,247
+ 1,360,755

20,276,351
7,455
544,963

190,602

21,019,371
3,157,772

. fl., -*-7 > 982

48,453,192

242,067
538,342
27,543
183,644
1+9,1+1+4,788

-

-

2,262
4,527
766,572

586,265

+
2,464
-1,372,514

97

+

6,138

-1,366,279

48.8$
8,053

6,626

-

+
+

13,820
28,320

+

22,872

+ 1,425,767

.8%

2.2#

51
103

23,438

3,826

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 26, 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

133,572
36,370

1,671
17
2,407
1,029

169,942

5,124

U. S. Government
securities
14,000
13,430,031
5,441,352
1,013,614
2,628,705
22,527,702

. ,fh\

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 26, 1952
(In thousands of dollars)

A S S E T S

Total

Gold certificates
T T ^ o t e f

1

-Reserves

certlflc&te

*

1

f

°

Boston

21,407,251

782,11?

699.124

61.597

22,106,375

843,714

r

New York

Phila.

ErBonds

5,124

s!6^823

—

Rich.

Atlanta

7,441,179 1240,518 1 4 7 0 , 6 3 6

917,132

79,962

64,498

7,514,679 1294,638 1550,598

981,630

73,500

54,120

..... g;g *!;3 £S "A

Industrial loans
U. S. Govt, securities:

Cleve.

—

3,993

—

7 8 5 , 8 1 8 4081,933

1,213,229

346,073

561,880

316,393

700,294

116,019

48,822

24,8l6

36,744

834,572 4197,952

624,205

341,209

737,038

48,754

-as 1:g 53
94

376,636

Mpls. Kans.Cy.

575,383

331,336

870,566

Dallas SanFran.
553,074 2542,774
27,808

128

309,441

—

62,484

580,882 2605,258

i;| gffi

889

s s sas a s "£8? isa »
382I069

Chicago St,Louis

20

—

;ss a s sgg «
179,225

271,044

266,332

527,992

~ 2 i l ^ i t i e s G O V e r n m e n t 22,527,702 1527,221

4,849,561 1383,336 2245,967 1505,504 1324,426 3479,854 1236,906

716,403 1083,425 1064,592 2110,507

T

4,880,577 1393,109 2253,578 1509,211 1333,924 3519,636 1247,615

7 2 1 , 1 6 9 1094,558 1 0 6 5 , 1 0 6 2153,716

°securit?e 3 aDg:

22,702,768 1530,569

EcE2=5eEEks3SoE
TOTAL ASSETS




x x- 4:? ^
,as ASS S&
feg

i9 : 3

fcg

° l ?i
T.% ^

4 9 , 4 4 4 , 7 8 8 2 7 2 6 , 4 9 2 1 3 , 2 3 9 , 0 3 0 2979,950 4237,684 2 8 9 4 , 2 5 8 2 5 1 6 , 7 5 1 8463,804 2069,579 1175,110 2060,647 1866,425 5 2 1 5 , 0 5 8
1/ After deducting $20,000 participations of other Federal Reserve Banks.

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 26, 1952
(in thousands of dollars)

H.4.1(c)
L I A B I L . IT I B S

Total

Boston

24,258,067 1491,594
Federal Reserves notes
Deposits:
.
Member bank-reserve accts. 20,276,351 895,084
U. S.Treasurer-general acct.
7,455
505
544,963
32,990
Foreign
3,945
Other
_ 190,602
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

21,019,371
3,157,772
17,982

New York

Phila.

Rich.

Atlanta

Chicago St. Louis

Mpls. Kans.Cy.

Dallas SanFran.

5,374,820 1722,651 2226,309 1706,435 1314,498 4634,395 1123,248

620,605

957,377

675,611 2410,524

6,722,942 941,268 1551,656 822,241 8 9 2 , 5 8 1 3130,263
569
546
47
293
543
235
2
2
,
8
8
0
7
3
,
9
62
1/173,542
41,504
48,953
27,137
5.370
2,179
~ 123,926
1.787
4,579
2,583

730,847
531
20,220
9,921

431,105
964
13,835
1,676

888,051
592
20,220
620

956,146 2314,167
564
2,066
20,220
49,500
507
33,509

761,519
143,049

447,580
78,724

909,483
153,108

977,437 2399,242
1 7 2 , 2 9 7 311,463

674

949

676

932,524 7,020,457
555,741
238,465
903

Cleve.

984,852 1605,731
196,110 311,589
775

6,145

1,750

852,196
281,388

921,400 3206,950
234,543 481,295
790

813

2,361

766

1,380

8325,001 2028,490 1147,858 2020,644 1 8 2 6 , 1 1 1 5122,609
48,453,192 2663,486 12,957,163 2904,388 4145,379 2840,832 2471,231
25,814
31,273
8,465
5,453
9,173
H,720
10,553
10,009
76,446
16,964
23,063
242,067
13,134
47,341
2
1
,
7
8
8
1
4
,
0
6
3
2
0
,
3
6
7
1
8
,
2
1
0
7
9
,
6
0
1
27,025
23,871
159,743
41,493
50,648
538,342
34,192
2,l4o
1,429
521
1,073
1,137
1,307
3,349
762
7,319
4,489
1,006
27,543
3,011
17,154
2
6
,
5
0
0
10,315
6
,
6
6
3
9
,
3
2
6
9,077
12.499
10,878
38,359
12,616
17,588
183,644
12,669
4^444^788 2726,492 1 3 , 2 3 9 , 0 3 0 2979,950 4237,684 2 8 9 4 , 2 5 8 2 5 1 6 , 7 5 1 8463,8o4 2069,579 1175,110 2060,647 1866,425 5215,058

306

306

209

306
820

2 5 , 2 5 6 , 2 8 7 1553,977

5 , 6 1 5 , 5 7 0 1771,518 2317,363 1791,884 1383,089 4731,207 1173,348

632,118

984,380

7 2 4 , 6 1 5 2577,218

12 1739 000
'
-

4,470,000
- •' -

165,000
4,300

280,000
10,539

219,000 1800,000
41,000
--*n-ooo

8,053
6,626

499

628
1,896

2/2,432

741
916

346

4ll
62

1,120

2,510

749'
422

FEDERAL RESERVE AGENTS * ACCOUNTS
F. R. notes outstanding
Collateral for F.R. notes:
Gold certificates
Eligible paper
U . S . Govt, securities
Total collateral




450,000

750,000
1

760,000

580,000
-2,525
—

485,000 2510,000

270,000
10,215

S;|;I

K
1/ After deducting $371,406,000 participations of other Federal Reserve Banks.
2/ After deducting
$5,621,000 participations of other Federal Reserve Banks.