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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) September 25, 1952 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended September 24, Member bank reserves decreased $486 million. The principal changes reducing reserves were a decrease of $392 million in Reserve Bank credit, and an increase of $258 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $93 million in Foreign deposits with Federal Reserve Banks, $45 million in Money in circulation, and $16 million in Other deposits with Federal Reserve Banks. The decrease of $392 million in Reserve Bank credit resulted from decreases of $453 million in Float and $25 million in U. S. Government securities, and an increase of $87 million in Loans, discounts and advances. The decrease in holdings of U. S. Government securities reflected retirement of the $221 million certificates of indebtedness -- special series, issued to the Federal Reserve Banks, held the previous week, an increase of $236 million in other certificates, and a decrease of $40 million in bills. Member Bank Reserves and Related Items Sept. 24, 1952 Change since Sept. 17, Sept. 26, 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,715 405 738 24,857 23,343 4,781 - 25 + 87 -453 -392 - 1 + 1 + 241 + 184 - 245 + 180 +1,330 + 105 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) 29,247 1,274 264 728 161 726 - 45 - 7 +258 - 93 - 16 - 3 +1,110 14 - 552 41 94 5 Member bank reserves 20,581 -486 +1,212 19,034-^ - 29 -457 + + 997 215 +230 + 489 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 1,158 H.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Sept. 24, 1952 ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Change since Sept. 17, Sept. 26, 1952 1951 21,452,602 694,321 22,146,923 + 7,101 + 3,764 Other cash 344,837 + 5,035 16,999 Discounts and advances Industrial loans 400,143 4,461 + 86,843 147 184,514 433 20,317 U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 418,200 12,492,466 5,568,073 5,235,823 23,714,562 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,119,166 23 196,338 3,862,746 45,683 261,297 50,977,013 60,996 + - - - - + 1,172 -1,204,393 15 + 12,677 -1,120", 755 + + + + + 25,085,176 - 41,568 + 1,074,141 20,580,535 263,980 728,180 161,114 21,7337809 3,125,235 18,162 5979E273B2 - 486,613 + 258,288 93,219 : 15,538 - 337,682 - 751,096 + 2,331 -1,127,415 + 1,211,294 - 552,232 41,077 93,615 + 525,370 + 376,889 581 + 1,974,819 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 246,742 Surplus (Section 7) 538,342 Surplus (Section 13b) 27,543 Other capital accounts 202,004 TOTAL' LIABILITIES AND CAPITAL ACCOUNTS ^07977,013 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 47.3$ Contingent liability on acceptances purchased for foreign correspondents 12,875 Industrial loan commitments 6,319 + + 40,800 407,022 15,100 + 7,566,241 — — 6,332,092 — — — 586,279 25,700 + ~25O754H 224 6,427 -1,120,764 + + 424,929 15 24,348 131,393 3,283 56,488 2,029,762 13,431 28,320 13,192 + 2,029,762 1.456 + + 1,792 74 8,289 246 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 24, 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 Industrial loans 287,125 113,000 18 1,028 266 2,623 544 400,143 57^1 U. S. Government securities 7,555,250 354,700 6,720,941 5,941,352 1,070,224 2,072,095 23,71575^2 H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 24, 1952 (In thousands of dollars) A S S E T S Mpls. Kans.Cy. Dallas SanFran. 21,452,602 701,833 7,048,624 1180,049 1405,173 926,968 792,296 4360,573 545,505 285,258 815,835 577,331 2813,157 Total Gold certificates Redemption fund for F. R. notes 694,321 Boston 60,876 New York 67,690 Phila. 54,951 Cleve. 82,114 Rich. Atlanta Chicago St.Louis 73,904 51,169 102,116 47,691 24,398 39,891 28,971 60,550 Total gold certificate reserves 22,146,923 762,709 7,116,314 1235,000 1487,287 1000,872 843,465 4462,689 593,196 309,656 855,726 606,302 2873,707 40,386 6,634 13,376 12,953 19,488 28,064 19,914 24,889 62,307 16,269 70,041 Other cash 30,516 344,837 14,921 37,113 22,550 55,159 42,220 19,085 118,285 24,955 Discounts and advances 10,455 19,985 30,500 400,143 4,915 88 447 83 Industrial loans 3,843 4,46l U. S. Govt, securities: 38,198 18,308 19,169 7,818 59,807 22,665 102,062 26,285 41,746 28,265 24,205 Bills 418,200 29,672 Certificates 12,492,466 886,353 2,884,697 785,176 1247,048 844,341 723,052 1786,560 677,080 397,648 546,870 572,605 1141,036 Notes 5,568,073 395,060 1,285,752 349,965 555,827 376,335 322,274 796,296 301,784 177,237 243,748 255,218 508,577 478,230 Bonds 5,235,823 371,487 1,209,030 329,082 522,661 353,879 303,044 748,780 283,776 166,662 229,203 239,989 Total U. S. Government securities Total loans and securities 23,714,562 1682,572 5,48l,541 1490,508 2367,282 1602,820 1372,575 3391,443 1285,305 749,365 1038,129 1086,981 2166,o4i 24,119,166 1687,487 5,512,041 1504,806 2387,267 1645,123 1392,107 3509,728 1310,260 772,003 1093,288 1124,094 2180,962 Due from foreign banks 23 1 F.R.notes of other banks 196,338 7,030 Uncollected cash items 3,862,746 278,138 Bank premises 45,683 980 Other assets TOTAL ASSETS 261,297 20,774 1 3 1 1 1 l/ 7 2 2 1 29,268 9,164 9,716 28,249 19,712 19,877 10,057 16,850 10,755 697,104 227,203 360,870 348,961 257,443 592,120 164,064 110,042 228,697 7,747 3,012 4,716 4,8o6 3,879 6.619 3,109 1,062 2,331 58,897 16,132 26,016 17,586 15,840 36,704 13,775 8,160 11,505 1 7,94-9 214,357 632 12,382 2 27,711 383,747 6,790 23,526 50,977,013 2787,635 13>9l,419 3014,807 4303,938 3065,512 2557,336 8690,047 2110,731 1224,408 2215,679 1978,670 5536,831 1/ After deducting $16,000 participations of other Federal Reserve Banks. 8.4.1(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 24, I952 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 25,085,176 1533,553 5,504,069 1763,354 2293,732 1793,798 1370,730 4773,189 1153,059 630,803 988,320 733,633 2546,936 Federal Reserve notes Deposits: Member bank-reserve accts. 20,580,535 904,438 6,597,886 932,341 1540,98? 870,825 879,812 3211,609 744,630 452,860 977,611 987,874 2479,662 561 543 2,538 523 550 503 567 U.S.Treasurer-general acct. 263,980 504 256,356 167 569 599 Foreign 728,180 44,969 1/221,905 56,573 66,727 36,990 31,188 100,817 27,561 18,858 27,561 27,561 67,470 161,114 " """ " Other Total deposits Deferred avail, cash items Other liabilities and accrued dividends 21,733,809 953,687 7,174,648 990,636 1611,526 911,218 914,600 3315,812 779,661 473,620 1006,058 1016,800 2585,543 517,059 182,946 302,030 304,695 224,583 457,810 135,128 91,613 179,967 186,311 307,986 3,125,235 235,107 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,962,382 2723,215 13,202,261 2937,732 4209,019 3010,585 2510,738 8549,113 2068,588 1196,604 2175,060 1937,534 5441,933 8,621 5,478 9,328 11,978 26,909 246,742 77,260 17,146 23,711 10,878 10,271 31,947 13,215 20,367 18,210 47,341 50,648 27,025 23,871 79,601 21,788 14,063 34,192 538,342 159,743 41,493 2,l40 1,307 1,006 1,429 521 1,137 1,073 762 4,489 3,011 3,349 27,543 7,319 18.508 9,641 H.694 9,787 44,836 202,004 14,002 27,957 11,213 7,190 13,675 13,947 19.554 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 18,162 868 6.485 796 1,731 874 825 2,302 740 568 715 790 1,468 50,977,013 2787,635 13,491,419 3014,807 4303,938 3065,512 2557,336 8690,047 2110,731 1224,408 2215,679 1978,670 5536,831 12,875 6,319 798 2/3,888 1,004 2,021 1,185 843 657 47 554 1,790 2,240 489 335 489 787 489 1,197 381 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,104,119 1596,746 5,774,821 1815,109 2359,366 1864,102 1430,849 4875,524 1202,695 645,323 1029,103 773,512 2736,969 13,204,000 400,000 4,520,000 750,000 735,000 490,000 510,000 2930,000 270,000 160,000 280,000 259,000 1900,000 10,736 22,995 21,380 52,645 14,460 6,945 — 39,375 170,661 2,125 0,000 2000,000 950,000 505.000 800*000 545,000 1000.000 13,600,000 1300,000 1,400,000 1100,000 1650,000 1400,000 26,974,661 1702,125 5,934,460 1856,945 2385,000 1929,375 1460,000 4930,000 1242,995 686,380 1132,645 804,000 2910,736 1/ After deducting $506,259,000 participations of other Federal Reserve Banks. 2/ After deducting $8,987,000 participations of other Federal Reserve Banks.
@FedFRASER