BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM

H.U.I (For Immediate Release) September 11, 1952.

CONDITION OF THE FEDERAL RESERVE BANKS

Member Bank Reserves and Related Items

During the week ended September 10, Member bank reserves increased $580 million. The principal changes supplying reserves were an increase of $56 million in Reserve Bank credit and decreases of $368 million in Treasury deposits with Federal Reserve Banks, $92 million in Other deposits with Federal Reserve Banks, $27 million in Money in circulation, and $26 million in Foreign deposits with Federal Reserve Banks.

The increase of $56 million in Reserve Bank credit resulted from increases of $98 million in Float and $47 million in U. S. Government securities, and a decrease of $89 million in Loans, discounts and advances. Holdings of U, S. Government securities reflected an increase of $75 million in bills and a decrease of $28 million in certificates.

Member Bank Reserves and Related Items

Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total

Gold stock Treasury currency outstanding

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)

Member bank reserves

Required reserves (estimated) Excess reserves (estimated)

Daily average excess reserves (estimated)

Sept. 10, 1952

Change since Sept. 3,

1952 Sept. 12,

1951

(in millions of dollars)

23,229 + 47 + 121 884 - 89 + 553 759 + 98 - 186

24,872 + 56 + 488 23,344 - - +1,491 4,776 + 2 + 103

29,364 - 27 +1,148 1,279 - 6 - 15 347 -368 - 127 789 - 26 + 9 159 - 92 - 108 715 - 2 + 2

20,340 +580 +1,173

19,52T49 + 3 + 966 +577 + 207

774 +197 + 23

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H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED

(In thousands of dollars)

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

U. S. Government securities: Bills Certificates Notes Bonds

Total U. S. Government securities

Total loans and securities Due from foreign banks F. R. notes of other bankg Uncollected cash items Bank premises Other assets

TOTAL ASSETS

L I A B I L I T I E S Federal Reserve notes Deposits:

Member bank--reserve accounts U. S. Treasurergeneral 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

Sept. 10, 1952

Change since Sept. 3, 1952

Sept. 12, 1951

21,445,503 2,998 + 1,500,824 697,659 594 + 23,230

22,143,162 - 3,592 + 1,524,054 324,196 + 9,360 + 12,074 879,830 88,223 555,048 4,613 - 119 - 1,156

555,500 + 75,400 42,822 11,869,216 - 28,700 + 7,019,841 5,568,073 - - - - 6,270,392 5,235,823 - - - 586,279 23,228,612 + 46,700 "f 120,3^8 24,113,055 - 41,642 + 674,240

23 - 15 188,687 + 7,128 + 13,924

3,573,839 + 252,343 - 128,383 45,309 + 25 + 2,988 256,800 + 8,187 + 47,259

50,645,071 + 231,809 + 2,146,141

25,179,200 - 21,262 + 1,089,810 20,340,065 + 579,779 + 1,173,279

346,839 - 368,574 - 126,942 788,612 - 26,122 + 8,538 158,650 - 92,012 - 108,815

21,634,'166 + 93,071 + "WtoSo 2,814,581 + 154,051 57,727

15,715 - 729 557 49,643,662 + 225,131 + 2,093,040

246,471 56 + 13,339 538,342 ~ ~ + 28,320 27,543 w ew mm 189,053 + 6,622 + 11,442

50,645,071 + 231,809 + 2,146,141

47.3# - .1% + 1.3# 9,119 + 39 14,654 6,169 121 - 664

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 10, 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

814,208 65,603

19

879,830

Industrial loans

671 812

2,620 510

4,613

U. S. Government securities

127,500 7,221,500 6,795,941 5,941,352 1,070,224 2,072,095 23,228,612 Digitized for FRASER

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HA.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 10, 1952 (in thousands of dollars)

A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran.

Gold certificates 21,445,503 698,048 6,440,899 1197,754 1387,032 984,409 882,537 4524,019 543,590 369,597 851,980 667,178 2898,460 Redemption fund for F. R. notes 697,659 61,083 68,288 55,323 82,464 74,788 51,374 102,424 47,786 24,432 39,959 29,032 60,706

Total gold certificate reserves 22,143,162 759,131 6,509,187 1253,077 1469,496 1059,197 933,911 4626,443 591,376 394,029 891,939 696,210 2959,166

Other cash 324,196 31,571 57,755 19,102 27,898 18,500 24,691 60,435 14,826 6,434 12,459 12,837 37 688 Discounts and advances 879,830 20,463 287,848 80,902 82,928 34,252 15,235 l6l,623 63,117 13,599 61,946 24,387 33 530 Industrial loans 4,6l3 -- 3,853 84 583 - ' U. S. Govt, securities: Bills 555,500 32,5b7 202,490 28,849 45,819 31,023 26,567 65,642 24,877 l4,6ll 20,093 21,038 41,924 Certificates 11,869,216 840,997 2,753,085 744,998 1183,236 801,135 686,053 1695, ~1 ~ ~ ~~ " Notes 5,568,073 395,060 1,285,752 349,965 555,827 376,335 322,274 796, Bonds 5,235,823 371,487 1,209,030 329,082 522,661 353.879 303.044 748 '

1 591,376 394,029 891,939 14,826 6,434 12,459

i 63,117 13,599 61,946 " 93

! 24,877 14,611 20,093 ' 642,433 377,299 518,887 301,784 177,237 243,748 ; ' 283,776 166,662 229,203 :

Total U. S. Government securities 23,228,612 l64o,in 5,450,357 1452,894 2307,543 1562,372 1337,938 3305,858 1252,870 735,809 1011,931 1059,550 2111,379

Total loans and - 1 securities 24,113,05.5 l66o,574 5,738,205 1537,649 2390,471 1596,708 1353,756 3467,481 1315,987 749,501 1073,877 1083,937 2144,909

Due from foreign banks 23 1 1/ 7 2 2 1 1 3 1 X X x 2 F.R.notes of other banks 188,687 5,921 27,846 8,417 7,424 26,832 19,677 19,003 8,877 22,198 8,661 9,349 24,482 Uncollected cash items 3,573,839 266,269 622,412 2l6,98l 299,938 311,362 244,326 603,375 165,938 114,115 209,798 176 701 342 624 Bank premises 45,309 980 7,717 2,958 4,720 4,726 3,664 6,619 3,109 1,062 2,331 632 6^791 Other assets 256,800 20,501 57,697 15,924 25,612 17,324 15,232 36,280 13,529 8,011 11,361 12,074 23^255 TOTAL ASSETS 50,645,071 2744,948 13,020,826 3054,110 4225,561 3034,650 2595,258 8819,639 2113,643 1295,351 2210,427 1991,741 5538,917

1/ After deducting $16,000 participations of other Federal Reserve Banks.

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H.4.1(c)

L I A B I L I T I E S Federal Reserve notes Deposits: Member "bank-reserve accts. 20,340,065 U.S.Treasurer-general acct. 346,839 Foreign 788,612 Other 158,650

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 10, 1952 (In thousands of dollars)

Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 25,179,200 1538,390 5,529,037 1768,684 2293,491 1786,328 1378,774 4774,193 1152,104

839,549 6,341,413 950,044 1495,862 867,707 31,962 54,744 16,080 21,992 29,177 48,385 1/243,877 60,871 71,797 39,800 4,646 89,295 1,348 4,591 6,512

902,083 3307,489 726,923 30,585 50,556 18,627 33,557 108,476 29,655 2,857 2,489 9,619

Mpls. Kans.Cy. Dallas San.Fran.

632,971 998,291 740,781 2586,156 487,950 963,134 1021,526 2436,385 30,259 21,255 15,975 25,627 20,290 29,655 29,655 72,594 1,280 326 855 34,832

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

21,634,166 2,814,581

15,715

F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U* S. Govt, securities Total collateral

924,542 217,570

994

6,729,329 1028,343 1594,242 943,196 969,082 3469,010 471,964 180,014 242,486 250,255 200,820 435,181 4,356 799 1,759 845 764 2,192

784,824 134,548

731

539,779 1014,370 1068,011 2569,438 94,629 157,030 141,800 288,284

616 674 617 1,368

49,643,662 2681,496 12,734,686 2977,840 4131,978 2980,624 2549,440 8680,576 2072,207 1267,995 2170,365 1951,209 5445,246 246,471 13,199 77,208 17,145 23,703 10,830 10,205 31,915 8,613 5,471 9,326 11,954 26,902 538,342 34,192 159,743 41,493 50,648 27,025 23,871 79,601 21,788 14,063 20,367 18,210 47,341 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 189,053 13,050 41,870 13,143 18,226 12,822 10,980 26,118 10,514 6,749 9,232 9,061 17,288

50,645,071 2744,948 13,020,826 3054,110 4225,561 3034,650 2595,258 8819,639 2113,643 1295,351 2210,427 1991,741 5538,917

9,119 6,169

565 2/2,75 711 2,011 839 689 465 61 392

1,268 2,240

347 237 347 787

347 848 381

FEDERAL RESERVE AGENTS' ACCOUNTS

26,131,922 1598,685 5,791,080 1817,843 2358,890 1855,588 1436,984 4884,530 1203,520 646,155 1033,149 778,840 2726,658 735,000 490,000 510,000 2930,000 13,214,000 400,000

563,641 18,200 13,550.000 1300,000

4,520,000 750,000 735,000 490,000 273,025 78,055 31,040

1,400,000 1100,000 1650,000 1400,000

270,000 170,000 280,000 61,530 12,650 60,505

950,000 2000,000 950,000 505,000 750,000 259,000 1900,000.

--- 28,636 545,000 1000,000

27,327,641 1718,200 6,193,025 1928,055 2385,000 1921,040 1460,000 4930,000 1281,530 687,650 1090,505 804,000 2928,636 l/ After deducting $544,719,000 participations of other Federal Reserve Banks. 2/ After de'ducting $6,366,000 participations of other Federal Reserve Banks.

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