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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4,1 (For Immediate R e l e a s e ) March 6 , 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and R e l a t e d Items During t h e week ended March 5, Member bank r e s e r v e s i n c r e a s e d $77 m i l l i o n . The p r i n c i p a l changes s u p p l y i n g r e s e r v e s were i n c r e a s e s of $180 m i l l i o n i n Gold s t o c k and $133 m i l l i o n i n Reserve Bank c r e d i t , and d e c r e a s e s of $42 m i l l i o n i n T r e a s u r y d e p o s i t s w i t h F e d e r a l Reserve Banks and $12 m i l l i o n i n T r e a s u r y c a s h h o l d i n g s . The p r i n c i p a l o f f s e t t i n g changes were i n c r e a s e s of $88 m i l l i o n i n Other d e p o s i t s w i t h F e d e r a l Reserve Banks, $77 m i l l i o n i n F o r e i g n d e p o s i t s w i t h F e d e r a l Reserve Banks, $74 m i l l i o n i n Money i n c i r c u l a t i o n , and $52 m i l l i o n i n Other F . R. accounts ( n e t ) . The i n c r e a s e of $133 m i l l i o n i n Reserve Bank c r e d i t r e s u l t e d from an i n c r e a s e of $213 m i l l i o n i n F l o a t and d e c r e a s e s of $41 m i l l i o n i n U. S . Government s e c u r i t i e s and $39 m i l l i o n i n Loans, d i s c o u n t s and a d v a n c e s . Holdings of U. S . Government s e c u r i t i e s r e f l e c t e d a d e c r e a s e of $ 4 l m i l l i o n i n c e r t i f i c a t e s . Member Bank R e s e r v e s and R e l a t e d Items March 5, 1952 Change s i n c e March 7 , Feb. 27, 1951 1952 ( i n m i l l i o n s of d o l l a r s ) Reserve Bank c r e d i t : U. S . Government s e c u r i t i e s Loans, d i s c o u n t s and advances Float Total Gold s t o c k Treasury currency outstanding 22,514 3 8 8 981 2 3 , 8 8 3 2 3 , 2 9 0 4 , 7 2 6 Money i n c i r c u l a t i o n Treasury cash holdings T r e a s u r y d e p o s i t s w i t h F . R. Banks F o r e i g n d e p o s i t s w i t h F . R. Banks Other d e p o s i t s w i t h F . R. Banks Other F . R. a c c o u n t s ( n e t ) 28,464 Member bank r e s e r v e s 19,787 Required r e s e r v e s ( e s t i m a t e d ) Excess r e s e r v e s ( e s t i m a t e d ) Daily average excess r e s e r v e s (estimated) 1 , 2 9 6 6 7 0 6 0 0 295 7 8 7 - 41 - 39 +213 +133 +180 + 4 + + + 335 177 145 + 6 5 7 + + + + +1,245 12 + 175 - 255 74 12 42 77 88 52 + 77 +1,339 + 8 7 + 8 5 + 63 + 783 ^64 +106 + - 935 152 6 3 6 - - 23 1 9 , 2 3 9 - ' ^ - 2 9 2 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) March 5, 1952 A S S E T S Gold c e r t i f i c a t e s Redemption f u n d f o r F . R. n o t e s T o t a l gold c e r t i f i c a t e r e s e r v e s F e b r u a r y 27,p March 7 , 1 9 5 2 1951 21,386,252 + 22,092,334 2 0 0 , 0 0 1 + 43 199,958 - 7 0 6 , 0 8 2 + 1 , 2 7 0 , 8 5 0 + 1 1 1 , 2 9 0 + l,382,lk) Other cash 395,597 - 2 3 , 7 2 3 + 55,382 Discounts and advances I n d u s t r i a l loans U. S. Government s e c u r i t i e s : Bills Certificates Notes Bonds T o t a l U. S. Government s e c u r i t i e s 383,814 4,584 — 3 8 , 6 7 2 + + 176,500 840 - 393 - w w w 1 1 , 8 0 9 , 8 0 6 T o t a l l o a n s and s e c u r i t i e s Due from f o r e i g n banks F. R, n o t e s of o t h e r banks U n c o l l e c t e d c a s h items Bank p r e m i s e s Other a s s e t s TOTAL ASSETS - 5,068,073 5,635,823 22,513,702 - 41,250 22,902,100 - 80,315 —— — — — — 28 —— — - 1 7 6 , 7 8 6 3,605,427 - + 44,161 156,290 49,372,723 L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member b a n k - - r e s e r v e a c c o u n t s U. S. T r e a s u r e r - - g e n e r a l a c c o u n t Foreign Other Total deposits D e f e r r e d a v a i l a b i l i t y c a s h items Other l i a b i l i t i e s and a c c r u e d d i v i d e n d s TOTAL LIABILITIES C A P I T A L ACCOUNTS Capital paid in S u r p l u s ( S e c t i o n 7) S u r p l u s ( S e c t i o n 13b) Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS 41,250 - 4,015 155,757 66 45,604 109,390 24,408,495 + 50,732 19,787,465 + + 77,869 41,514 77,324 88,744 202,423 - 3 6 8 , 8 9 6 6 7 0 , 0 0 5 - 6 0 0 , 1 1 1 + + 295,394 "21,352,975 2,624,280 14,531 48,400,281 - 241,684 538,342 27,543 164,873 49,372,723 R a t i o of gold c e r t i f i c a t e r e s e r v e s t o d e p o s i t and F. R. n o t e l i a b i l i t i e s combined Contingent l i a b i l i t y on a c c e p t a n c e s purchased for foreign correspondents I n d u s t r i a l l o a n commitments - I / F e b r u a r y 27 f i g u r e r e v i s e d + 334 116,075 556 1,523,172 + 1 1 , 8 0 9 , 8 0 6 - + + 9,995,810 44,048 334,872 512,212 4 32,067 341,352 3,768 2,361 + 2,324,564 + + + + + + 1 , 2 7 6 , 0 1 5 + + - + + + + 7 8 2 , 9 8 9 175,393 255,138 85,214 7 8 8 , 4 5 8 196,112 3,348 2,263,933 13,687 + 2 8 , 3 2 0 6 , 1 2 9 - 48.31° + 9,708 7,004 - 4- 109,390 . 2 + + <t>+ 4oo 1 / 1 8 3 • 18,624 2,324,564 . .9$ 2 0 , 8 7 6 + 4,202 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 5 , 1952 ( C a l l a b l e Government s e c u r i t i e s c l a s s i f i e d a c c o r d i n g t o n e a r e s t c a l l d a t e ) Discounts and advances Within 15 days l 6 t o 90 days 91 days t o 1 y e a r Over 1 year t o 5 y e a r s Over 5 y e a r s t o 10 y e a r s Over 10 y e a r s Total 361,837 21,977 Industrial loans 868 7 1 8 1,954 1,044 383,814 U. S. Government securities 4,584 13,430,031 5,102,256 1,352,710 2,628,705 22,513,702 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 5, 1952 ( I n thousands of d o l l a r s ) H.4.1(b) A S S E T S 21,386,252 747,6l4 706,082 62,ll8 T o t a l gold c e r t i f i c a t e reserves 22,092,334 809,732 Gold c e r t i f i c a t e s Redemption f u n d f o r F . R. n o t e s Other c a s h 395,597 D i s c o u n t s and advances 383,814 I n d u s t r i a l loans 4,584 U. S. Govt, s e c u r i t i e s : Certificates 11,809,806 Notes 5,068,073 Bonds 5,635,823 New York Cleve. Rich. 7 , 2 4 7 , 6 8 ? 1292,228 1452,046 933,442 75,496 Phila. 55,066 80,598 7 , 3 2 3 , 1 8 3 1347,294 1532,644 6 , 6 6 9 74,761 16,780 ——— ——— 28,993 29,481 4,235 3,572 32,575 11,190 - - - 725,193 1177,414 311,210 5 0 5 , 2 7 7 346,073 5 6 1 , 8 8 0 6 5 , 2 0 8 998,650 Atlanta 8 2 9 , 2 1 8 49,225 8 7 8 , 4 4 3 Chicago S t . L o u i s 4121,777 1 1 6 , 7 2 1 CO Boston < CO cn CVJ Total 22,244 18,075 83 30,571 7 7 , 3 9 9 8 , 1 5 0 114,450 789,238 338,694 376,636 694,310 297,957 331,336 7 8 2 — - — 577,957 356,390 740,074 49,033 24,901 36,912 626,990 381,291 776,986 8,409 1,100 129 14,950 1 9 , 2 1 5 9 , 8 0 0 — - - 1824,261 648,428 375,563 7 8 2 , 8 6 5 2 7 8 , 2 6 8 1 6 1 , 1 7 0 8 7 0 , 5 6 6 309,441 179,225 3 4 7 7 , 6 9 2 1236,137 800,623 343,580 382,069 2,542,309 1,091,009 1,213,229 T o t a l U, S. Government securities 2 2 , 5 1 3 , 7 0 2 1526,272 4,846,547 T o t a l l o a n s and securities 4,863,327 1390,283 :2255,761 1522,726 1332,535 3592,142 1245,937 22,902,100 1532,941 Due from f o r e i g n banks 28 F . R . n o t e s of o t h e r banks 1 7 6 , 7 8 6 U n c o l l e c t e d c a s h i t e m s 3,605,427 Bank p r e m i s e s 44,161 Other a s s e t s 156,290 TOTAL ASSETS 4 9 , 3 7 2 , 7 2 3 2 4,343 313,835 1,008 11,747 2 7 0 2 , 6 0 1 1 / 8 18,868 672,543 7,574 33,215 1 3 8 2 , 4 7 6 2 6,934 222,249 2,843 9,509 12,993,479 3008,595 l/ 2244,571 3 7,418 316,386 4,795 16,223 4 1 6 5 , 8 0 5 1 5 0 4 , 5 6 8 1 48,385 277,415 4,172 10,518 2884,111 1323,603 1 26,799 235,304 3,110 9,292 2 5 1 6 , 0 5 5 Mpls. Kans.Cy. 4 15,090 5 6 9 , 8 7 2 6,516 23,441 8 5 2 2 , 9 6 2 1 7,209 147,558 3,230 8,327 2 0 5 8 , 4 6 7 1 2 , 8 1 5 . 5 6 7 , 9 6 9 243,739 271,044 D a l l a s SanFran. 596,493 2491,326 2 7 , 9 6 6 6 2 , 8 3 8 624,459 2554,164 14,301 4,700 1 8 42,698 175,850 T 558,096 1106,402 239,502 474,802 266,332 527,992 715,958 1082,752 1063,930 2109,196 717,187 1095,567 1 6,270 9 2 , 0 9 6 1,078 4 , 7 8 7 1 5,725 209,480 2,426 7,575 1211,119 2112,710 A f t e r d e d u c t i n g $20,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 1068,648 1 9,228 191,557 6 5 0 7,241 1 9 1 6 , 0 8 5 2285,046 3 20,517 357,132 6,759 14,415 5280,734 STATEMENT OF UOJ.NDlTJ.ON OF THE FEDERAL RESERVE BANKS ON MARCH 5, 1952 ( I n t h o u s a n d s of d o l l a r s ) h.4.Hc; Boston New York Phila. 2 4 , 4 0 8 , 4 9 5 1493,963 F e d e r a l Reserve notes Deposits: Member b a n k - r e s e r v e a c c t s . 1 9 , 7 8 7 , 4 6 5 857,452 U.S.Treasurer-general acct. 670,005 38,054 37,293 Foreign 600,111 3,350 Other 295,394 5,390,913 1 7 3 0 , 8 6 8 6,302,214 9 2 0 , 6 2 1 L I A B I L I T I E S Total Total deposits Deferred a v a i l , cash items Other l i a b i l i t i e s and accrued dividends 21,352,975 2,624,280 936,149 209,934 14,531 868 TOTAL LIABILITIES Capital paid in Surplus (Section 7) S u r p l u s ( S e c t i o n 13b) Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS 4 8 , 4 0 0 , 2 8 1 2640,914 2 4 1 ^ 6 8 4 1 3 , 0 8 1 .5 3. 8 ,. 3 4 2 34,192 C o n t i n g e n t l i a b i l i t y on acceptances purchased for f o r e i g n correspondents I n d u s t r i a l l o a n commitments 27,543 164,873 4 9 , 3 7 2 , 7 2 3 9,708 7,004 3,011 II ,ko3 2 7 0 2 , 6 0 1 602 1 3 7 , 6 3 8 1 / 1 8 0 , 2 5 0 54,649 46,917 Gleve.. Rich. Atlanta 2231,940 1723,157 1332,748 4 6 5 2 , 2 1 5 1499,287 8 3 9 , 4 2 8 8 9 6 , 6 7 8 3074,512 5 6 , 3 4 1 19,484 5 5 , 3 3 8 3 0 , 6 7 7 4,927 5,199 Chicago S t . L o u i s 3 8 , 7 2 8 2 5 , 8 6 4 8 3 , 6 0 8 2 2 , 8 5 7 3 , 4 5 1 2 , 6 4 5 8 , 1 6 9 1 , 4 5 0 7 7 1 , 5 1 9 4 8 6 , 5 4 2 6 , 8 4 7 , 4 8 7 1 0 2 4 , 8 8 5 1 6 1 5 , 8 9 3 8 9 4 , 7 8 8 9^9Ml 3338,311 1 7 7 , 6 2 4 2 2 5 , 8 3 1 2 1 3 , 2 7 9 188,792 1 2 , 7 1 5 , 5 0 2 76,348 159,743 7,319 34,567 12,993,479 2/2,931 8 3 0 1,792 2934,207 4075,456 701,765 443,367 1 7 7 , 5 4 6 2 , 6 9 8 3,963 722 663 394,279 111,281 2,372 6 2 0 2831,946 8 3 8 7 , 1 7 7 2 0 1 8 , 5 1 5 2 3 , 0 2 3 10,530 2 4 7 1 , 6 5 0 1 6 , 9 3 8 41,493 5 0 , 6 4 8 2 7 , 0 2 5 2 3 , 8 7 1 7 9 , 6 0 1 2 1 , 7 8 8 4,489 1,006 3,349 11,468 1 5 , 6 7 2 1 1 , 2 6 1 3 0 0 8 , 5 9 5 4 1 6 5 , 8 0 5 2 8 8 4 , 1 1 1 757 2,348 893 9 1 6 624,997 2 3 , 4 5 4 2 2 7 , 3 8 5 473,139 1135,095 Mpls. Kans.Cy. 9,97% 762 9,798 2 5 1 6 , 0 5 5 418 495 67 31,251 1,429 23,504 8 5 2 2 , 9 6 2 1,350 2,431 8,465 521 9,178 2 0 5 8 , 4 6 7 369 2 6 , 0 8 6 15,639 72,425 5 0 9 1184,473 5,449 14,063 1,073 6 , 0 6 1 1 2 1 1 , 1 1 9 2 5 2 9 6 5 , 0 7 2 D a l l a s SanFran. 686,297 2 4 4 1 , 2 3 0 907,091 971,199 2373,851 2 9 , 8 0 3 37,017 3 1 , 2 0 5 22,857 55,954 2 2 , 8 5 7 1,759 34,071 2 9 0 9 6 1 , 4 4 3 146,609 1 0 2 5 , 6 1 8 246,870 537 1,129 5 2 6 2 0 7 3 , 6 5 0 1 8 7 6 , 6 6 9 2 0 , 3 6 7 1 8 , 2 1 0 9,129 1,137 8,427 2 1 1 2 , 7 1 0 2 5 0 0 , 8 9 3 ' 164,217 11,710 1,307 5 1 9 0 , 1 2 2 2 5 , 7 8 6 4?,341 2,140 8 , 1 8 9 15,345 1 9 1 6 , 0 8 5 5280,734 369 369 820 903 422 FEDERAL RESERVE AGENTS' ACCOUNTS F . R. n o t e s o u t s t a n d i n g C o l l a t e r a l f o r F.R^ n o t e s : Gold c e r t i f i c a t e s E l i g i b l e paper U. S . Govt, s e c u r i t i e s Total c o l l a t e r a l 2 5 , 3 7 7 , 4 8 2 12,724,000 1559,734 450,000 5 , 6 3 8 , 5 6 4 4,470,000 1 7 8 8 , 6 6 5 750,000 2323,729 7 6 0 , 0 0 0 1 8 0 3 , 8 6 6 5 8 0 , 0 0 0 12,700 1 3 , 5 7 5 , 0 0 0 6 , 6 6 9 1 3 0 0 , 0 0 0 1 2 , 5 8 0 4,235 l . i o o l o o o 1100',000 1625.000 1 3 0 0 ' , 0 0 0 2 6 , 5 3 4 , 6 4 9 1 7 5 6 , 6 6 9 5 , 7 8 2 , 5 8 0 235,649 1 8 5 4 , 2 3 5 2 3 8 5 , 0 0 0 1 8 9 2 , 7 0 0 1390,375 4 7 6 1 , 8 9 8 1 1 8 1 , 0 8 1 634,551 9 8 9 , 5 0 2 7 2 6 , 8 5 4 2 5 7 8 , 6 6 3 4 8 5 , 0 0 0 2 6 1 0 , 0 0 0 2 7 0 , 0 0 0 150,000 2 8 0 , 0 0 0 2 1 9 , 0 0 0 1 7 0 0 , 0 0 0 950,000 1 4 3 5 , 0 0 0 9,800 1,100 2 2 0 0 , 0 0 0 1 0 0 0 , 0 0 0 505,000 4 8 1 0 , 0 0 0 1 2 7 9 , 8 0 0 6 5 6 , 1 0 0 1 2 , 7 1 5 — 750,000 545,000 1 0 0 0 , 0 0 0 ; 7 6 1 , 0 0 0 2 8 7 5 , 8 5 0 1 0 4 2 , 7 1 5 if A f t e r d e d u c t i n g $ 4 1 9 , 8 4 7 , 0 0 0 p a r t i c i p a t i o n s of o t h e r F e d e r a l R e s e r v e Banks. 2/ After deducting $ 6 , 7 7 7 , 0 0 0 p a r t i c i p a t i o n s of o t h e r F e d e r a l R e s e r v e Banks. 1 7 5 , 8 5 0 1
@FedFRASER