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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM September 4, 1952 (For Immediate Release) CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended September 3, Member bank reserves decreased $37 million. The principal changes reducing reserves were increases of $262 million in Money in circulation and $16 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $213 million in Reserve Bank credit and a decrease of $34 million in Foreign deposits with Federal Reserve Banks. i crease of - A0n ^ $213 million in Reserve Bank credit resulted from increases of $90 million in U. S. Government securities, $?1 million in Loans, discounts and advances, and $51 million in Float. Holdings of U. S. Government securities reflected increases of $82 million in bills and $8 million in certificates. Member Bank Reserves and Related Items Sept. 3 1952 Change since August 27, •Sept. 5 1952 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,182 973 66l 24,816 23,344 4,774 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) 29,391 1,285 715 815 251 717 Member bank reserves Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) + 90 + 71 + 51 +213 - — + 6 +262 + 103 + 725 17 + 810 +1,490 + 102 + 9 + 8 - 34 +1,129 14 + 307 + 34 - 4 + 10 + 3 19,760 - 37 + 935 19,518-* 24S>^ -127 + 90 +1,112 - 177 577 + 6 - + 16 47 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Aug. 27, Sept. 5, 1952 1951 Sept. 3, 1952 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 21,448,501 698,253 22,146,754 Other cash 314,836 Discounts and advances Industrial loans 968,053 4,732 U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 48o,100 11,897,916 5,568,073 5,235,823 23,181,912 Total loans and securities Due from foreign banks ~ F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,154,697 23 181,559 3,321,496 45,284 248,613 50,413,262 25,200,462 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 16,444 49,418,531 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 246,415 538,342 27,543 182,431 50,413,262 19,760,286 715,413 814,734 250,662 21,541,095 2,660,530 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 47.4% 9,080 6,048 + - 2,002 + 1,512,321 2,000 + 23,274 2 + 1,535,595 - 30,793 + 15,363 + 71,022 + 725,266 830 + + + 258 - 82,600 87,742 7,700 + 7,047,341 - - 6,270,392 586,279 90,300 + 102,928 — — — + + 161,580 + 827,364 15 32,175 267,955 3,067 46,867 2,728,371 - - - - + + 897 100,422 40 9,857 241,921 + + + + + + 234,021 + 1,104,479 + + - + - + - + + 36,239 8,375 34,413 15,345 46,932 49,040 1,129 235,000 + — — — + + + 934,931 307,603 33,708 + 9,379 + 1,285,621 + 285,228 + 1,042 + 2,676,370 17 + + 13,283 28,320 m* mm —> + + - - 6,904 + 10,398 241,921 + 2,728,371 .2% + 22 247 + • 9lo 15,136 70 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 3, 1952 (Callable Government securities classified according to nearest call date) Discounts and advances Within 15 days l6 to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total 872,600 95,430 23 "955,053 Industrial loans 650 812 2,851 419 ?,732 U. S. Government securities 65,800 7,236,500 6,795,9*+! 5,941,352 1,070,224 2,072,095 237THl,912 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 3, 1952 (in thousands of dollars) H.4,1(b) A S S E T S Total Gold certificates Redemption fund for F. R. notes Boston New York Phila. Cleve. 698,253 61,225 69,053 55,588 82,657 Other cash 314,836 29,667 53,502 17,134 27,646 Discounts and advances 968,053 25,238 328,338 71,547 79,403 Industrial loans 4,732 3,991 U. S. Govt, securities: Bills 480,100 32,567 127,090 28,849 45,819 Certificates 11,897,916 840,997 2,781,785 744,998 1183,236 Notes 5,568,073 395,060 1,285,752 349,965 555,827 Bonds 5,235,823 371,487 1,209,030 329,082 522,661 - - - - securities Chicago St.Louis — — 76,446 51,496 102,624 47,846 Mpls. Kans.Cy. Dallas SanFran. 351,800 870,777 647,245 2858,088 24,453 37,999 28,071 60,795 1038,192 917,202 46l4,64o 584,002 376,253 908,776 675,316 2918,883 18,790 39,651 79 25,326 59,518 30,525 190,473 569 — — 15,977 94,507 — mm 7,608 11,849 93 11,891 32,605 10,808 28,687 36,969 35,230 mmm 31,023 26,567 70,296 8,967 14,611 '20,093 21,038 53,180 801,135 686,053 1695,140 642,433 377,299 ' 518,887 543,305 1082,648 376,335 322,274 796,296 301,784 177,237 243,748 255,218 508,577 353,879 303,044 748,780 283,776 166,662 229,203 239,989 478,230 23,181,912 1640,111 5,403,657 1452,894 ;2307,543 1562,372 1337,938 3310,512 1236,960 735,809 1011,931 1059,550 2122,635 24,154,697 1665,349 5,731,995 1528,432 2386,946 1602,102 1369,032 3500,985 1331,467 747,751 1044,536 1088,237 2157,865 Due from foreign banks 23 l F.R.notes of other banks 181,559 3,170 Uncollected cash items 3,321,496 262,137 Bank premises 45,284 980 Other assets 248,613 19,839 TOTAL ASSETS Atlanta 21,446,501 675,493 6,564,675 H o d , 188 1416,606 961,746 865,706 4512,016 536,156 Total gold certificate reserves 22,146,754 736,723 6,633,728 1243,776 1499,263 Total U. S. Government securities Rich. l / 7 2 2 1 1 3 1 1 1 1 23,434 7,068 7,262 27,972 20,702 16,958 8,074 23,501 9,679 7,137 660,860 219,819 299,232 277,992 219,953 504,153 142,271 101,608 179,372 158,706 7,716 2,958 4,720 4,720 3,665 6,619 3,109 1,062 2,331 632 55,991 15,347 24,930 16,732 14,746 35,130 13,047 7,736 10,940 11,717 2 26,602 295,393 6,772 22,458 50,413,262 2717,866 13,167,233 3034,536 4250,001 2986,501 2570,627 8738,006 2097,948 1265,520 2167,526 1952,554 5464,944 l/ After deducting $16,000 participations of other Federal Reserve Banks, STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 3, 1952 (In thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston Federal Reserve notes 25,200,462 1539,757 Deposits: Member bank-reserve accts. 19,760,286 800,001 U.S.Treasurer-general acct 715,413 35,238 Foreign 814,734 49,507 Other 250,662 Phila. Cleve Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,554,558 1767,744 2290,095 1785,709 1379,664 4780,668 1151,926 632,565 1000,861 741,591 2575,324 6,202,005 904,507 1496,464 812,493 878,042 3208,590 701,998 460,994 927,601 976,422 2391,169 145,109 1/257,363 43,469 62,283 X.R6Q 71,034 73,462 54,777 40,724 s.sRi 49,290 135,849 34,336 110,991 41,924 30,343 38,922 20,761 23,834 30,343 31,309 30,343 44,658 74,278 889,187 6,782,770 1012,128 1646,025 913,575 963,567 3458,620 784,450 522,642 983,110 1038,829 2546,192 2,660,530 225,033 540,221 177,918 219,122 232,883 181,232 358,239 119,942 82,339 143,210 131,287 249,104 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 21,541,095 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,418,531 246,415 538,342 27,543 182,431 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments New York 16,444 868 5,138 858 1,854 751 719 2,393 606 831 573 616 1,237 2654,845 12,882,687 2958,648 4157,096 2932,918 2525,162 8599,920 2056,924 1238,377 2127,754 1912,323 5371,857 13,196 77,179 17,190 23,700 10,823 10,189 31,882 8,610 5,471 9,325 11,951 26,899 34,192 159,743 41,493 50,648 27,025 23,871 79,601 21,788 12,622 40,305 12,716 17,551 3,349 12,386 762 1,429 521 3,011 7,319 4,489 1,006 10,623 25,174 10,105 14,063 20,367 18,210 6,536 1,137 8,943 1,307 1,073 8,763 47,341 2,l4o 16,707 50,413,262 2717,866 13,167,233 3034,536 4250,001 2986,501 2570,627 6738,006 2097,948 1265,520 2167,526 1952,554 5464,944 9,080 6,048 563 2/2,742 708 1,873 835 698 463 391 61 1,262 2,241 345 236 345 787 345 845 388 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 26,054,251 1595,064 5,768,055 1811,141 2362,215 1850,776 1435,312 4869,262 1194,118 645,198 1030,700 774,478 2717,932 13,164,000 600,900 400,000 22,975 4,520,000 750,000 735,000 735,000 470,000 510,000 2900,000 270,000 170,000 280,000 259,000 1900,000 310,865 68,700 —36,540 —— 92,920 10,900 31,164 26,836 w 13,550,000 .LJVV/)WV 1300,000 1,400,000 1650,000 j--fuu,wu 1400,000 x,twu,wu 1100,000 950,000 cwv,vvv 2000,000 ^v,vuv 950,000 3V2,VVU 505,000 fyu,uuu 750,000 24Q,VVU 545,000 XUUU,UUU 1000.000 27,314,900 1722,975 6,230,865 1918,700 2385,000 1906,540 1460,000 4900,000 1312,920 685,900 1061,164 604,000 2926,836 1/ After deducting $557,353,000 participations of other Federal Reserve Banks. 2 / After deducting $6,338,000 participations of other Federal Reserve Banks.
@FedFRASER