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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 October 2%, 1952 (For Immediate Release) CONDITION OF THE FEDERAL RESERVE B A M S Member Bank Reserves and Related Items During the week ended October 22, Member bank reserves increased $166 million. The principal changes supplying reserves were an increase of $542 million in Reserve Bank credit and a decrease of $106 million in Money in circulation. The principal offsetting changes were increases of $4o6 million in Treasury deposits with Federal Reserve Banks and $66 million in Other deposits with Federal Reserve Banks. The increase of increases of $358 million Float. Holdings of U. S. $5 million in bills and a $542 million in Reserve Bank credit resulted from in Loans, discounts and advances and $ 1 8 3 million In Government securities reflected an increase of decrease of $5 million in certificates. Member Bank Reserves and Related Items Oct. 22, 1952 Change since Oct. 15, Oct. 24, 1952 1951 (In millions of dollars) Reserve Bank credit: U, S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,663 1,134 1,070 25,867 23,340 4,790 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) 29,511 1,281 618 684 245 Member bank reserves Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) — — +358 +183 +542 - 1 + 3 -106 3 + 978 + 51 +1,026 +1,196 + 107 878 + 5 +4o6 + 9 + 66 - 3 +1,210 10 + 109 + 29 + 14 + 28 20,779 +166 + 946 19,988- - 34 +200 + + 844 102 883 + 68 149 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Oct. 15, Oct. 24/ 1952 1951 Oct. 22, 1952 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans 21,423A04 713,038 22,136,142 5,000 1,613 3,187 + 1,177,423 + 44,748 + 1,222,171 323,840 1,815 + 6,134 358,375 108 + - 978,152 148 1,130,029 4,401 U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 371,200 4,995,716 13,773,671 4,521,975 23,662,562 Total loans and securities Due from foreign "banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,796,992 23 185,635 4,253,041 45,657 135,712 51,577,042 + + 5,000 53,095 5,000 - 7,852,592 + 8,705,598 803,252 3.3*1 358,483 + 24,748 + 2 8,421 170,722 + + + 2,004,772 561,000 + _ 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 22,325,809 3,183,416 + - 646,743 743,767 50,534,324 : 177,426 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 247,935 538,342 27,543 228,898 51,877 642 + Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 974,663 10 13,182 559,543 2,693 26,396 25,307,977 - 79,671 + 1,139,269 20,778,859 618,219 + + 166,058 405,730 245,063 + 66,078 946,300 + + 108,925 + 29,020 ^,285 + + 1,095,530 + 508,953 + 1,221 + 2,747,973 683,668 + 17,122 - + : 46.5% 8,877 731 64 — + + 28,320 6,640 + 14,913 170,722 + 2,504,772 .5# 14,540 + 5,927 - 13,566 .4# 368 33 - 3,836 1,239 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 22, 1952 (Callable Government securities classified according to nearest call date) Discounts and advances 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 969,487 160,542 1,130,029 Industrial loans 353 1,722 2,002 U. S. Government securities 17&000 324 192,200 6,715,941 14,146,950 1,070,224 1,358,247 4,401 23,662,562 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 22, 1952 (In thousands of dollars) A S S E T S Total Gold certificates Redemption fund for F. R. notes Boston 21,423,104 657,543 713,038 Cleve. 70,697 55,930 83,366 Chicago St.Louis 50,627 64,307 74,130 - - 106,322 18,542 60,100 3,934 24,433 85,610 - - 18,417 89,445 68 25,603 42,085 313 0 CO 28,534 6,410 Mpls. Kans.Cy. Dallas SanFran. 50,463 28,814 60,086 24,794 39,722 664,844 378,217 846,627 639,169 2781,581 12,504 101,548 11,698 38,648 70,610 224,821 59,930 263,635 14,947 71,160 — - — 6,277 40,475 86 - - — — — «- 10,369 25,089 21,485 53,086 20,119 11,816 16,249 17,014 49,873 85,715 23,330 37,055 498,692 1,153,587 354,451 313,991 337,650 289,147 714,443 270,762 159,018 218,693 228,984 456,298 977,256 3,180,547 865,703 1374,943 930,935 797,206 1969,786 746,519 438,430 602,956 631,330 1258,060 320,839 1,044,192 284,215 451,402 305,631 261,727 646,692 245,087 143,939 197,954 207,269 413,028 Total loans and securities 5,538,171 1551,273 2447,702 79,907 719,853 6,900,554 1260,329 1530,026 1020,306 909,786 5,464,041 1487,239 TOTAL ASSETS Atlanta 6,829,857 1204,399 1446,660 940,399 859,159 4378,528 614,381 353,423 806,905 610,355 2721,495 Total U. S. Government securities 23,662,562 1662,915 24,796,992 1669,325 Due from foreign banks 23 F.R.notes of other banks 185,635 Uncollected cash items 4,253,041 Bank premises 45,657 Other assets 135,712 Rich. 1 Other cash 323,840 Discounts and advances 1,130,029 4,401 Industrial loans U. S. Govt, securities: Bills 371,200 Certificates 4,995,716 Notes 13,773,671 Bonds 4,521,975 Phila. * Total gold certificate 22,136,142 reserves 62,310 New York 1 3,991 425,387 976 11,880 2 1/ 7 10,009 32,120 751,392 256,546 3,096 7,733 8.207 30,308 2362,092 1599,305 1369,565 3384,007 1282,48? 753,203 1035,852 1084,597 2177,259 2 7,977 349,926 4,675 13,053 1688,818 1411,963 3647,642 1353,64? 793,764 1137,400 1155,207 2402,080 1 1 19,902 352,044 257,064 4,845 3,807 8,945 , 8,581 26,366 51,877,042 2859,947 13,324,592 3108,004 4377,794 3119,742 3 19,752 700,588 6,631 18,929 1 7,878 176,723 3,089 6,917 1 12,415 116,870 1,059 4,101 1 1 2 9,229 26,501 9,495 247,428 201,349 417,724 2,322 629 6,795 6,812 12,004 5,975 2636,707 8938,325 2228,046 1312,704 2261,752 2024,094 5685,335 l/ After deducting $16,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 22, 1952 (In thousands of dollars) H.4.1(b) A S S E T S Gold certificates Redemption fund for F. R. notes Total Boston 21,423,104 657,543 713,038 62.310 "Reserves ° e r t l f l C a t e 22,136,142 719,853 Other cash 323,840 Discounts and advances 1,130,029 Industrial loans 4,401 U. S. Govt, securities: Bills 371,200 Certificates 4,995,716 Notes 13,773,671 Bonds 4,521,975 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 6,829,857 1204,399 1446,660 940,399 859,159 4378,528 614,381 353,423 806,905 610,355 2721,495 70,697 55.930 83,366 79,907 6,900,554 1260,329 1530,026 1020,306 28,534 6,410 -- 64,307 74,130 -- 10,369 354,451 977,256 320,839 85,715 1,153,587 3,180,547 1,044,192 18,542 60,100 3,934 24,433 85,610 -- 23,330 37,055 313,991 498,692 865,703 1374,943 284,215 451,402 18,417 89,44$ 68 , 50,627 106,322 50,463 , , 24,794 39,722 909,786 4484,850 664,844 378,217 846,627 14,947 71,l6o — 6,277 40,475 86 12,504 101,548 70,610 38,648 224,821 20,119 11,816 16,249 17,014 49,873 25,603 42,085 313 59,930 263,635 -- 25,089 21,485 53,086 337,650 289,147 714,443 930,935 797,206 1969,786 305,631 261,727 646,692 „ 60.086 639,169 2781,581 11,698 270,762 159,018 218,693 228,984 456,298 746,519 438,430 602,956 631,330 1258,060 245,087 143,939 197,954 207,269 413,028 Total U. S. Government securities ~~ 23,662,562 1662,915 5,464,041 1487,239 2362,092 1599,305 1369,565 3384,007 1282,487 753,203 1035,852 1084,597 2177,259 Total loans and securities~~ 24,796,992 Due from foreign banks 23 F.R.notes of other banks 185,635 Uncollected cash items 4,253,041 Bank premises 45,657 Other assets 135.712 TOTAL ASSETS . „ „ , 28.8l4 . , „ „ , 1669,325 5,538,171 1551,273 2447,702 1688,818 1411,963 3647,642 1353,647 793,764 1137,400 1155,207 2402,080 1 3,991 425,387 976 11.880 l/ 7 32%120 751,392 7,733 30.308 2 10,009 256,546 3,096 8.207 2 7,977 349,926 4,675 13,053 1 26,366 352,044 4,845 8.945 1 19,902 257,064 3,807 8,581 3 19,752 1 1 1 ^ ^ 18.929 6.917 4.101 5.975 6.812 12,004 7,878 12,415 9,495 9,229 26,501 700,588 176,723 116,870 247,428 201,349 417,724 6,631 3,089 1,059 2,322 629 6,795 51,877,042 2859,947 13,324,592 3108,004 4377,794 3119,742 2636,707 8938,325 2228,046 1312,704 2261,752 2024,094 5685,335 l/ After deducting $16,000 participations of other Federal Reserve Banks. H.4.1(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 22, 1952 (in thousands of dollars) Total Boston Federal Reserve notes 25,307,977 1539,331 Deposits: Member bank-reserve accts. 20,778,859 900,608 U.S.Treasurer-general acct. 6l8,219 39,521 Foreign 683,668 41,714 Other 245,063 5,457 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 22,325,809 987,300 3,183,416 266,197 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 50,834,324 2793,745 247,935 13,234 538,342 34,192 27,543 3,011 228,898 15,765 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 17,122 917 New York Phila. Rich. Atlanta 5,517,483 1772,514 2314,604 1829,214 1387,877 6,492,488 69,026 1/214,038 175,393 6,950,945 555,192 Cleve. 951,649 1556,461 42,251 52,478 3,729 69,406 61,898 2,813. 1050,107 1690,578 205,699 272,967 867,172 52,581 34,313 3,971 902 1183,806 638,039 997,941 908,466 3293,647 44,573 102,957 28,930 93,519 3,379 3,049 780,283 483,157 960,318 721 2,551 13,028,065 3029,224 4280,153 23,721 50,648 1,006 22,266 3062,966 10,895 27,025 2588,642 8793,389 3,349 15,507 762 13,143 1,134 1,552 1,338 911 17,493 1,359 142,184 936 2/4,390 7,969 25,566 494,161 885 17,152 41,493 4,489 15,646 44,628 985,348 3493,172 857,689 2,004 78,244 159,743 7,319 51,221 43,871 214,481 904 4,445 Mpls. Kans.Cy. 4803,505 958,037 274,830 51,877,042 2859,947 13,324,592 3108,004 4377,794 3119,742 14,540 5#927 Chicago St.Louis 10,289 23,871 31,968 79,601 1,429 31,938 2636,707 8938,325 741 71 625 2,021 2,238 Dallas SanFran. 743,105 1027,558 2557,052 44,845 27,761 25,566 25,566 62,587 34,363 188 3,393 36,799 546,637 1022,871 1084,278 98,859 198,286 153,505 2698,847 816 1,727 486 2184,400 1284,021 8,623 5,492 730 11,984 1,073 8,055 1,137 11,030 1,307 10,889 2228,046 1312,704 2261,752 378 553 521 12,714 553 307,055 2219,828 1981,704 5588,187 9,390 21,788 2580,558 14,063 20,367 781 18,210 26,943 47,341 2,140 20,724 2024,094 5685,335 553 1,352 374 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,319,841 1594,135 5,797,652 1838,679 2380,671 1886,857 1457,573 4907,057 1226,368 650,170 1033,040 786,212 2761,427 13,279,000 400,000 4,520,000 750,000 760,000 510,000 510,000 2850,000 280,000 160,000 280,000 259,000 612,579 3,620 58,140 56,590 — 83,000 — — 69,450 39,305 99,838 — 13,775,000 1300,000 1,400,000 1100,000 1650,000 1400,000 1000,000 2100,000 975,000 505,000 800,000 545,000 27,6^6,579 1703,620 5,978,140 1906,590 2410,000 1993,000 1510,000 4950,000 1324,450 704,305 1179,838 804,000 l/ After deducting $469,615,000 participations of other Federal Reserve Banks. 2/ After deducting $10,150,000 participations of other Federal Reserve Banks. 2000,000 202,636 1000,000 3202,636