BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

H.4.1 (For Immediate Release) June 19, 1952

CONDITION OF THE FEDERAL RESERVE BAMS

Member Bank Reserves and Related Items

During the week ended June 18, Member "bank reserves increased $1,254 million. The principal changes supplying reserves were an increase of $700 million in Reserve Bank credit and decreases of $498 million in Treasury-deposits with Federal Reserve Banks, $43 million in Money in circulation, $43 million in Other deposits with Federal Reserve Banks, and $23 million in Foreign deposits with Federal Reserve Banks. The principal offsetting change was an increase of $52 million in Other F. R. accounts (net).

The increase of $700 million in Reserve Bank credit resulted from increases of $505 million in U. S. Government securities and $487 million in Float, and a decrease of $293 million in Loans, discounts and advances. Holdings of U. S. Government securities, which include $413 million certificates of indebtedness--special series, issued to the Federal Reserve Banks, reflected an increase of $618 million in certificates and a decrease of $113 million in bills.

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)

Change since June 18, June 11, June 20,

1952 1952 1951 (In millions of dollars)

22,997 +505 + 191 546 -293 + 375

1,285 +487 + 112 24,828 +700 + 678 23,297 - +1,542 4,751 + l + 103

28,787 - 43 +1,308 1,286 + 2 + 1

9 -498 - 424 600 - 23 - 305 168 - 43 - 26 794 + 52 + 20

21,232 +1,254 +1,750

1 9 , +492 +1,026 1 , 5 6 H H > +762 + 724

Daily average excess reserves (estimated) 863 +159 189

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H.4.1(a) . ' , i STATEMENT OF CONDITION di tHE TWELVE FEDERAL RESERVE BANKS COMBINED

(In thousands of dollars)

Change since

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 banks 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 bankreserve 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 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

June 18, June 11, June 20, 1952 1952 1951

21,416,253 2,999 + 1,537,349 681,339 + 1 ,544 + 41,978

22,097,592 - 1,455 + 1,579,327

317,071 4- 3,973 + 4,014

541,407 292,204 + 376,062 4,730 * 307 649

135,000 112,700 275,894 12,158,316 + 618,010 + 8,964,524 5,568,073 - 6,897,275 5,135,823 - 1,600,014 22,997,212 + 505,310 + 191,341 23,543,349 + 212,799 + 566,754

28 - 10 152,533 + 9,929 + 22,370

5,047,766 + 1,504,727 + 455,947 45,000 + 64 + 3,495 174,637 - 45,603 + 30,513

51,377,976 + 1,684,434 + 2,662,410

24,592,371 - 29,432 + 1,270,266

21,231,617 + 1,253,353 + 1,749,130 9,179 - 497,624 - 424,056

599,781 - 23,333 - 305,494 168,476 - 42,279 - 25,200

22,009,053 + 690,117 4* 994,380 3,763,227 + 1,018,003 + 344,429

19,113 741 - 984 50,383,764 + 1,677,947 + 2,608,091

244,681 + 552 + 13,979 538,342 + 28,320 27,543 183,646 4- 5,935 + 12,020

51,377,976 + 1,684,434 + 2,662,410

47.4 - + 1,1#

8,135 + 1 19,346 6,425 + 282 + 3,043

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 18, 1952 (Callable Government securities classified according to nearest call date)

Discounts and advances

Industrial loans

U. S. Government securities

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

512,859 28,529

19

541,%07

1,404 320

1,911 1,095

4,730

1,309,566 92,200 12,511,775 5,941,352 1,070,224 2,072,095 22,997,212

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H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 18, 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 21,416,253 691,372 7,110,338 1162,701 1423,475 895,378 810,001 44l8,145 512,654 328,318 767,844 598,363 2697,664 Redemption fund for

767,844 F. R. notes 681,339 60,287 72,889 53,574 78,358 64,248 47,585 104,134 48,316 24,608 38,338 27,408 61,594

Total gold certificate reserves 22,097,592 751,659 7,183,227 1216,275 1501,833 959,626 857,586 4522,279 560,970 352,926 806,182 625,771 2759,258

Other cash 317,071 21,906 58,182 18,898 28,101 18,677 31,173 60,600 15,968 5,526 11,027 10,882 36,131 Discounts and advances 541,407 2,808 255,726 8,334 17,186 10,243 5,584 64,312 9,259 11,958 40,749 5,004 110,244 Industrial loans 4,730 3,718 96 791 121 4 U. S. Govt, securities: Bills 135,000 6,669 62,706 5,908 9,384 6,353 5,440 13,444 1,076 2,992 4,115 4,308 12,605 Certificates 12,158,316 859,630 2,840,223 761,503 1209,449 818,884 701,253 1732,694 656,665 385,659 530,381 555,341 1106,634 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 Bonds 5,135,823 364,392 1,185,939 322,797 512,678 347,120 297,256 734,479 278,356 163,478 224,826 235,406 469,096

Total U. S. Government securities 22,997,212 1625,751 5,374,620 1440,173 2287,338 1548,692 1326,223 3276,913 1237,881 729,366 1003,070 1050,273 2096,912

Total loans and securities 23,543,349 1628,559 5,630,346 1452,225 2304,524 1559,031 1332,598 3341,225 1247,140 741,445 1043,819 1055,281 2207,156

Due from foreign banks 28 2 1/ 8 2 3 1 1 4 1 1 1 1 3 J".R.notes of other banks 152,533 3,413 21,682 5,784 6,799 34,559 17,030 17,795 8,132 5,647 6,o4o 7,477 18,175 Uncollected cash items 5,047,766 373,303 1,005,209 318,634 570,304 345,737 301,510 862,396 196,154 136,539 280,139 200,026 457,815 Bank premises 45,000 994 7,717 2,826 4,756 4,589 3,515 6,527 3,169 1,070 2,378 643 6,816 Other assets 174,637 14,220 39,499 10,830 17,178 11,779 10,393 24,558 9,120 5,436 7,804 8,092 15,728 TXJTAL ASSETS 51,377,976 2794,056 13,945,870 3025,474 4433,498 2933,999 2553,806 8835,384 2040,654 1248,590 2157,390 1908,173 5501,082

l/ After deducting $20,000 participations of other Federal Reserve Banks.

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STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 18, 1952 H.4.1(c) (In thousands of dollars)

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

Federal Reserve notes 24,592,37% 1516,26l 5,473,197 1732,508 2253,141 1702,269 1338,121 4678,052 1126,370 625,856 968,238 694,876 2483,482 ^ ^ b a n k - r e s e r v e accts. 2!,231,617 927,015 7,130,859 925,492 1566,897 870,677 887,522 3373,870 691,177 *65,559 933,257 972,509 2486,783

F0?elgnaBUrer"general a C C t' 59^ 781 37,088 1/182,222 46,660 55,03* 30,508 25^723 83,150 22,732 15,553 22,732 22,732 5 5 > 7 Other 168:476 5(926 106.610 1.815 4.039 2,227 2,005 2,06l 8,174 944 1^262 J19 32,694 i:is mfts s as sa ss ss rs ss %

1/.- 1.IW l . m .. as. s; a,a> a 116 S B S i L S B

TOTAL LIABILITIES 50,383,764 2730,851 13,662,229 2949,864 4340,588 2880,443 2508,271 8697,044 1999,602 1221,329 2117,502 1867,845 54o8,196 mm 11 B # 1 1 1 g 13 a m # i TOmPILBACCoTSAra> 51,377,976 2794,056 13,945,870 3025,474 4433,498 2933,999 2553,806 8835,384 2040,654 1248, 590 2157,390 1908,173 5501,082

Contingent liability on for^oreign correspondents 8,135 504 2/2,455 635 749 415 350 1,131 309 212 309 309 757 Industrial loan commitments 6,425 1,875 915 6l 2,3&7 5

FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding 25,565,475 1569,327 5,763,872 1785,471 2316,555 1791,151 1391,001 4766,524 1164,819 638,989 1001,407 729,137 2647,222 CGoldecertificItes nteS' 13,249,000 400,000 4,470,000 750,000 810,000 580,000 485,000 2900,000 270,000 165,000 280,000 239,000 1900,000 Eligible paper 439,693 2,312 252,785 7,710 --- 9,835 8,955 11,750 40,346 106,000 ^*TotalcoilateraltieS I ^ ^ I O 2 3 ^ 0 0 1889:835 1^35^0 % % 1228^55 68^750 1 0 7 ^ #:000

1/ After deducting $417,544,000 participations of other Federal Reserve Banks. 2/ After deducting $5,680,000 participations of other Federal Reserve Banks.

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