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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.