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BOARD OF GOVERNORS OF THE FEDERAL RES8RV]£ bVSTEM H.4.1 (For Immediate Release) A p r i l 12, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During t h e week ended A p r i l 11, Member bank r e s e r v e s i n c r e a s e d $392 m i l l i o n . The p r i n c i p a l changes supplying r e s e r v e s were decreases of $300 m i l l i o n i n Treasury d e p o s i t s with Federal Reserve Banks, $21 m i l l i o n i n Foreign d e p o s i t s with F e d e r a l Reserve Banks, and $17 m i l l i o n i n Treasury cash h o l d i n g s , and an i n c r e a s e of $82 m i l l i o n i n Reserve Bank c r e d i t . The p r i n c i p a l o f f s e t t i n g change, was an i n c r e a s e of $28 m i l l i o n i n Money i n c i r c u l a t i o n . The i n c r e a s e of $82 m i l l i o n i n Reserve Bank c r e d i t r e s u l t e d from an i n c r e a s e of $172 m i l l i o n i n U. S . Government s e c u r i t i e s , and decreases of $56 m i l l i o n i n F l o a t and $34 m i l l i o n i n Loans, discounts and advances. Holdings of U. S . Government s e c u r i t i e s r e f l e c t e d an i n c r e a s e of $210 m i l l i o n i n bonds, and decreases of $27 m i l l i o n i n b i l l s and $11 m i l l i o n i n n o t e s . Member Bank Reserves and Related Items A p r i l 11, 1951 Change since A p r i l 4, A p r i l 12., 1951 (In m i l l i o n s of d o l l a r s ) Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s Acceptances purchased Loans, d i s c o u n t s and advances Float Total Gold stock Treasury currency o u t s t a n d i n g 23,086 1 96 712 23,895 21,806 4,640 +172 -~34 - 56 + 82 +5,489 + 1 66 + 403 +5,827 -2,441 + 40 Money i n c i r c u l a t i o n Treasury cash holdings Treasury d e p o s i t s with F. R. Banks Foreign d e p o s i t s w i t h F. R. Banks Other d e p o s i t s with F . R. Banks Other F. R. accounts ( n e t ) 27,166 1,287 411 828 362 753 + 28 - 17 -300 - 21 - 2 + 94 26 - 176 68 + 81 16 Member bank r e s e r v e s 19,533 +392 +3,537 18,500 1,033 - 92 +484 +3,252 + 285 913 +337 + Required r e s e r v e s ( e s t i m a t e d ) Excess r e s e r v e s (estimated) Daily average excess r e s e r v e s (estimated) 164 H.4U(a) STATEMENT OP CONDITION OF THE TWELVE FEDERAL RESERW BANKS COMBINED (In thousands of d o l l a r s ) April 11, 1951 ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F . R» notes Total gold c e r t i f i c a t e r e s e r v e s 19,954,901 619.120 20,574,321 356,1488 Other cash Discounts and advances I n d u s t r i a l loans Acceptances purchased U. S. Government s e c u r i t i e s : Bills Certificates Notes Bonds Total U» S . Government s e c u r i t i e s Total loans and s e c u r i t i e s Due from f o r e i g n banks F , R. notes of o t h e r banks Uncollected cash items B&nk promises Other a s s e t s TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Depos i t s i Member bank—reserve accounts U. S, Treasurer—general account Foreign Other Total d e p o s i t s Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES ACCOUNTS CAPITAL Capital paid I n Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Change sinde A p r i l b» April 12, 1951 195P + 6,500 + 1,128 V, 7,628 - 2,543,528 + 88,079 - 2,^55,# - + 95,903 + + 67,484 1,517 709 7,262 92,08? 4,ic4 - 33,902 709 600 1,602,098 - 27,000 lU,986,253 6,497,824 ^.066,1# - 11,000 +210,293 +i7e:M 23,183,055 33 135,05U 3,250,138 10,670 154,900 + 5,123,872 47,6?4,6$$ +137,940 + 9 - 8,941 - 52,377 + 145 + 4,514 + 81,6$% 23,053,567 + 3,393 + 19,533,098 1411,171 827,711 361,728 21,133,706 2,538,635 12,043 +391,675 -299,531 - 21,099 - 1,829 + 69,216 46,737,953 + 76,264 411 + 3,536,626 175,878 68,291 + 80,571 + 3,373,o&8 + 3,572 921 228,314 510,022 27,543 170,827 146 + 47,674,659 Ratio of gold c e r t i f i c a t e r e s e r v e s t o d e p o s i t and F . R* note l i a b i l i t i e s combined Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents I n d u s t r i a l loan commitments + 149 + 4,006 + 5,306 + 81*656 - 2,413,277 - 5,800,750 +13,532,233 + 170,924 + 5,489,130" + + + 6,196 + 36,398 + 3,540,456 137,142 + 3,515,W%1 + 13,290 21,849 7,504 + 3,540,4S6 10,0# 46.6# 32,792 / 2,I5T 27,6149 405,887 + - 450 592 + + 25,804 834 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 11, 1951 (Callable (kvernment s e c u r i t i e s c l a s s i f i e d according to n e a r e s t c a l l date) Within 15 days 16 to 90 days 91 days to 1 y e a r Over 1 year t o 5 y e a r s Over 5 years t o 10 y e a r s Over 10 y e a r s Total Discounts and advances 77,305 14,773 9 — — — 92,067 Industrial loans 194 298 2,426 1^.186 -— 4,104 Acceptances purchased 451 258 — — — 709 U• S. Government securities 501,513 2,951,080 4,436,766 1,031,904 3,786,302 23,086,155 H.4.1(b) statement of condition of the federal RESERVE BANKS ON APRIL II, 1951 (In thousands of d o l l a r s ) A S SETS Total Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Total U. S. Government 20,574,321 Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 336,488 92,087 4,104 709 7,104,347 1167,874 1446,306 799,554 842,233>148,545 535,096 324,423 710,083 480,831 2344,146 5,875 11,413 13,472 36,556 17,521 30,243 21,445 28,786 52,932 16,482 63,805 37,958 3,875 10,319 160 2,200 2,880 2,178 20,485 2,550 4,950 6,115 30,290 6,085 157 18 777 117 29 170 2,810 26 709 50,860 75,433 76,664 157,438 400,533 100,804 149,652 106,528 86,447 238,961 69,848 475,753 705,612 717,121 1472,697 1,602,098 88,930 996,480 808,642 2235,272 817,034 14,986,233 1063,708 3,351,116 942,934 1399,864 432,060 350.617 969,182 354,255 206.280 305.944 310,934 638,541 6,497,824 461,208 1,452,998 408,843 606,962 , 23,086,155 1613,846 Total loans and securities 23,183,055 1619,931 Due from f o r e i g n banks 33 2 F.R.notes of o t h e r banks 135,054 3,507 Uncollected cash items 3,250,138 272,481 Bank premises 40,670 1,059 Other a s s e t s 154,900 11,0] Phila. 670,883 securities TOTAL ASSETS New York 301,707 675,520 454,838 2287,211 19,954,901 £ l 5 , 4 8 6 7,054,515 1116,641 1376,430 739,139 799,081 4043,342 490,991 49.832 51,233 69,876 60,415 43,152 105,203 44,105 22.716 34.563 25,993 56,935 619,420 55,397 Other cash Discounts and advances Industrial leans Acceptances purchased U. S. Govt, securities: Bills Notes Bonds Boston 47,674,659 26i6,894 5,204,647 1452,581 2156,478 I535,c68 1245,706 3443,415 1241,137 732,893 1086,989 1104,719 2268,676 5,235,672 1461,506 2161,598 1538,065 1247,913 3463,900 1243,687 1/ 10 r, ovy 17,809 5 : 1- Ig - - 1 3 ,029,694 3 u.vv, 6,035 1 — 5,821 2 36,451 —" 14,718 10.659 3 ^ 1 11,889 23 i:S? 8.188 736,925 1097,308 1104,897 2271,653 1 1 3 1 5 1 2,904 6,305 7,261 14,123 15,338 7,611 66,268 169,512 145,686 310,109 1 1,106 2,575 668 6,135 4.800 7 . 6 5 8 7.247 15.396 22^779 8,261 1:? 2873,007 3968,431 2690,285 2374,385 8235,312 i s 6 l , 3 1 0 1162,302 2004,855 1760,063 4998,121 1 / A f t e r deducting $23,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 11, 1951 (In thousands of d o l l a r s ) H.U.l(c) Mpls. Kans.Cy. 604,500 906,085 Dallas SanFraxu 613,372 2295,554 680,088 417,972 872,012 23,826 23*279 27,959 30,481 20,595 30,481 162 1.072 6.031 903,697 2240,885 47,827 26,120 30,481 76,626 941 32.075 Total Boston LIABILITIES 23,053.56? l U 6 , 9 6 l Federal Reserve notes Depositsi Member bank-reserve accts. 19,533,098 832,994 U.S.Treasurer-general acct. 1+11,171 23,705 51,076 827,711 Foreign 4.659 361,728 Other New York phila. Cleve. Rich. Atlanta Chicago St.Louis 5,192,102 1627,845 2070,816 1549,221 1246,561 4465,575 1064,975 6,512,270 917,604 1459,564 87,450 27,895 35,748 1/256,804 65,080 76,613 297.114 1.982 4.656 779,578 822,216 3094,218 30,416 I8,3ii4 38,602 34,600 113,684 41,190 6.460 2.355 4.221 Total deposits Deferred a v a i l . c a s h items Other l i a b i l i t i e s and accrued dividends 21,133,708 2,538,635 912,434 226,998 7,153,638 1012,561 1576,581 408,682 159,864 233,028 863,591 226,699 12.043 1.088 TOTAL LIABILITIES Capital p a i d i n Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 46,737,953 2557,481 12,758,128 2800,874 3881,641 2640,035 2332,177 8105,313 1923,581 1136,555 1967,456 1723,281 4911,431 10,135 24,152 9,337 29,302 7,606 5,213 8,619 73,673 15,987 21,863 10,132 228,314 12,295 16,852 44,519 22,369 75,345 20,295 13,168 19,047 153,290 39,710 48,014 25,167 510,022 32,246 1,307 2,140 762 1,429 521 1,073 1,137 7,319 4,489 1,006 3,349 27,543 3,011 8.488 15.879 9.740 23,923 9,307 6,293 8,596 37.284 11.947 15.907 11,602 170,827 11,861 Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents I n d u s t r i a l loan commitments 3,706 604 1,216 ^24 893,692 3228,601 71*4,559 463,465 68,140 191,469 409,428 113,575 925,934 135,099 450 J21 455 1.709 472 982,946 2375,706 126,535 239,118 428 1,053 47,674,659 2616,894 13,029,694 2873,007 3968,431 2690,285 2374,385 8235,312 1961,310 1162,302 2004,855 1760,063 4998,121 1,213 820 1,213 485 23,948,568 1478,679 5,364,011 1704,866 2160,787 1630,654 1349,352 4543,500 1108,577 615,350 936,137 655,227 2401,428 12,159,000 380,000 60,597 6,085 12,1440.000 1100,000 24,659,597 1486,085 4,470,000 700,000 765,000 475,000 510,000 2480,000 250,000 170,000 2,550 3,875 2,480 29,115 6,115 1,000,000 1000,000 1425,000 1190,000 850,000 2100,000 925,000 450,000 5,499,115 1706,115 2190,000 1667^480 1360,000 4580,000 1177,550 623,875 280,000 10,177 700,000 990,177 179,000 1500,000 32,792 2,155 2,033 — 2/10,071 — 2,590 1#319 3,049 1,639 48 1,377 4,525 208 1,213 3,049 95 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. n o t e s outstanding C o l l a t e r a l f o r F.R. n o t e s s Gold c e r t i f i c a t e s E l i g i b l e paper U.S. Govt, s e c u r i t i e s Total c o l l a t e r a l 1/ 2/ A f t e r deducting $570,893,000 p a r t i c i p a t i o n s of other Federal Reserve Banks, A f t e r deducting $22,721,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. —— 200 500,000 1200,000 679,000 2700,200
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