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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
2 ^ 1
(For Immediate Release)
A p r i l 5, 1951
CONDITION OF THE FEDERAL RESERVE BANKS
Member Bank Reserves and R e l a t e d Items
During t h e week ended A p r i l 4, Member t a n k r e s e r v e s i n c r e a s e d
The d e c r e a s e of $39 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 a det i e s r e f l e c t e d i n c r e a s e s of $255 m i l l i o n i n bonds, $31 m i l l i o n i n b i l l s ,
$22 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 4,
1951
Change since
April 5 f
March 26,
1950
1951
( I n 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 p u r c h a s e d
Loans, d i s c o u n t s and advances
Float
Total
Gold s t o c k
Treasury currency outstanding
22,914
1
130
768
23,813
21,806
4,64o
Money i n c i r c u l a t i o n
T r e a s u r y cash h o l d i n g s
Treasury d e p o s i t s w i t h 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 w i t h F . R. Banks
Other F . R. a c c o u n t s ( n e t )
27,138
1,304
711
849
364
753
Member bank reserves
Required r e s e r v e s ( e s t i m a t e d )
Excess reserves (estimated)
Daily average excess r e s e r v e s ( e s t i m a t e d )
+308
- 1
-345
- 1
- 39
- 49
+ 3
+100
+ 5
-341
- 49
+5,342
+
l
41
+ 379
+5,681
-2,440
+
39
+
-
+
5
13
89
34
+ 65
+
+ 17
-
80
19,141
+118
+3,r°
18,592
549
+ 5
+113
+3,383
-
213
576
+106
-
139
10
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(in thousands of d o l l a r s )
1.4.1(a)
Change since
April 5,
March 28,
1950
1951
April 4-,
195%
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 reserves
19,9lt8,U01
618,292
20,566,695
- 69,003
+ 16,797
- 52,206
, 2,540,029
+
76,952
- 2,465,077
Other cash
343,750
-
6,504
+
106,150
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
125,989
3,955
1,309
-344,580
35
+
42,157
1,353
1,309
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 other banks
Uncollected cash items
Bank premises
Other a s s e t s
TOTAL ASSETS
+ 30,500*
14,997,255
6,287,531
+ 22,400*
+255,200
22,913,06%
+308,100
23,OU5,H5
24
11*3,995
3,302,515
40,525
- 37,202
1*7,5^3,003
-512,746
60
- 12,823
-426,018
23,050,17U
+ 88,4-87
+
+118,812
+ 5,170,728
+
88,503
35,795
+
79,155
+ 5,504,591
+ 4-51,457
710,702
8l|8,810
363,557
21,064,492
2,534,629
12,454
46,661,7149
228,168
510,022
27,543
165,521
47,595,063
Ratio of gold c e r t i f i c a t e reserves to deposit
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
* March 28 f i g u r e s r e v i s e d .
~
- 2,343,277
- 5,788,750
+15,545,255
69,769
+ 5,341,437
+ 5,501,942
9
+
46,606
+ 850,692
+
6,150
+
56,162
+ 3,864,615
19,1^1,123
CAPITAL
ACCOUNTS
Capital paid i n
Surplus (Section 7)
Surplus (Section 13b)
Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
+
1,629,098
150,386
L I A B I L I T I E S
Federal Reserve notes
Deposits:
Member bank—reserve accounts
U. S. T r e a s u r e r - - g e n e r a l account
Foreign
Other
Total deposits
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
687
-
4,477
-541,441
- 49,451
+ 64,396
-207,684
-511,210
281
-450,600
79
+ 4,749
—426,018
82,542
568
+ 5,850,20%
+
+
13,197
21,849
8,622
+ 3,864,615'
46.6#
851
32,342
2,747
55
+
+
24,613
1,504
MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 4, 1951
(Callable Government 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 d a t e ;
Within 15 days
16 t o 90 days
91 days to 1 year
Over 1 year t o 5 years
Over 5 years to 10 years
10 years
DigitizedOver
for FRASER
Total
Discounts and
advances
107,899
18,081
125,909
Industrial
loans
199
511
2,309
1,156
Acceptances
purchased
892
417
T7509"
U. S. Government
securities
561,113
5,118,480
10,589,590
4,456,766
1,051,904
5.576,009
22,913,86%
H.4.1(b)
STATEMENT OF CONDITION OP THE FEDERAL RESERVE BANKS ON APRIL 4, 1951
(In thousands of dollars)
A S SETS
Gold certificates
Redemption fund for
F. R. notes
c e r t i f i c a t e
Total
Boston
19,948,401
665,257
618.292
55,505
20,566,693
720,762
343,750
125,989
3,955
1,309
39,064
7,769
Other cash
Discounts and advances
Industrial loans
Acceptances purchased
U. S. Govt, securities:
92,976
Bills
1,629,098
Notes
14,997,233 1064,489
Bonds
6 , 2 8 7 , 5 3 1 446,282
T
° s e c u ^ k i ; s G O Y e r D m e n t 22,913,862 1603,747
Total loans and
securities
23,045,115 1611,516
Due from foreign "banks
24
F.R.notes of other hanks 143,995
Uncollected cash items 3,302,515
Bank premises
40,525
Other assets
150,386
TOTAL ASSETS
2
4,345
280,778
1,059
10,735
47,593,003 2668,261
New York
Phila.
Cleve.
Rich. Atlanta
Chicago St.Louis
Mpls. Kans.Cy.
6,806,538 1150,838 1413,957 762,815 816,299 4020,498 491,878 304,945
693,570
22,734
34,588
50.236
47.930
69,994
61,538
43,242
105,333
44,144
Dallas SanFran.
528,807 2292,999
26,023
57,025
6,856,774 1198,768 1483,951 824,353 859,541 4125,831 536,022 327,679 728,158 554,830 2350,024
58,607
28,142
26
20,025
8,615
2,695
29,181
23,612
31,369
4,400
3,780
1,249
134
125
29
152,174
108,323
87,904
53,306
16,299
18,335
12,050
—
—
242,989
77,689
7,234
14,750
11,862
19,039
14,489
2,160
38,702
51,718
76,704
77,955
160,091
169
—
5,700
777
1,309
398,072
3,353,576
1,405,973
102,503
476,102 706,130 717,648 1473,778
943,626 1400,891 997,211 809,236 2236,912 817,634 199,604 296,042 300,871 617,876
395,611 587,319 418,078 339,269 937,816 342,790
5,157,621 1441,740 2140,384 1523,612 1236,409 3417,717 1238,113 727,424 1078,876 1096,474 2251,745
5,187,098 1453,050 2144,918 1527,517 1237,687 3436,052 1250,163
1/ 7
19,943
604,549
7,612
13.561
2
6,836
234,766
2,904
9.273
2
6,869
305,134
4,755
14,450
1
36,347
261,518
2,931
10,255
1
14,533
217,944
2,024
7,954
3
15,461
563,755
5,327
22,178
1
6,220
144,100
3,460
7,991
742,343 1097,915 1098,634 2258,222
1
3,689
86,741
1,106
4,661
1
6,192
164,253
2,575
7,357
12,768,151 2925,624 3989,260 2686,534 2371,053 8221,913 1964,256 1173,454 2018,313
1/ After deducting $17,000 participations of other Federal Reserve Banks.
1
6,954
133,878
668
7,033
2
16,606
305,099
6,104
1^,938
1816,487 4989,697
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 4 , 1951
(In thousands of dollars)
H.4.I(C)
Mpls. Kans.Cy. Dallas SanFran*
Phila. Cleve.
Rich. Atlanta Chicago St.Louis
Total
Boston New York
L I A B I L I T I E S
604,129
908,135 617,804 2281,514
23,050,174 1^13.337 5,199,980 1627,007 2063,525 1556,529 1249,833 14460,553 1067,828
Federal Reserve notes
Deposits{
924,470 2220,064
Member b a n k - r e s e r v e a c c t s . 19,141,423 866,491 6,223,057 927,746 11447,116 773,870 817,865 2962,374 676,429 416,976 884,965
76,639
50,405
37,121
30,178
45*759 108,991
37,l4l
68,282
47,655
111,610 50,858
46,063
U.S.Treasurer-general a c c t .
710,702
31,135
78,272
21,038
31,135
35,343 116,127
31,135
66,479
78,260
42,075
52,173 1/265,638
Foreign
848,810
997
32,240
1,165
2,430
4.926
2.Q72
6,206
1,265
5.478
3,976
3,671 ~ 299,131
Other
363,557
Total deposits
D e f e r r e d a v a i l . cash items
Other l i a b i l i t i e s and
accrued dividends
TOTAL LIABILITIES
Capital paid in
Surplus (Section 7)
S u r p l u s ( S e c t i o n 13b)
Other c a p i t a l accounts
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
Contingent l i a b i l i t y on
a c c e p t a n c e s purchased
f o r foreign correspondents
I n d u s t r i a l loan commitments
21,064,492
2,534*629
12,454
968,398 6,899,436 1046,348 1599,136 867,576 903,893 3189,564 750,911 476,300 948,708 1033,241 2380,981
67,116 124,051 128,579 240,103
394,730 179,838 239,004 212,048 174,956 440,829 107,654
225,721
1,734
3,567
634
1,327
492
436
1,753
1445
378
396
428
864
46,661,749 2609,190 12,497,713 2853,827 3902,992 2636,645 2329,118 8092,699 1926,838 1147,923 1981,290 1780,052 4903,462
5,212
8,612 10,045 24,152
15,985
21,8144
10,129
9,337
29,302
7,590
73,667
228,168 12,293
16,852
144,519
13,168
19,047
39,710 48,014 25,167 22,369 75,345 20,295
153,290
510,022 32,246
1,307
2,140
1,073
1,137
4,489
1,006
3,349
762
1,429
521
7,319
27,543
3,011
8,231
15,424
6,078
8,227
15,404
11,244
9,467
23,138
9,012
36,162 11,613
165,521 11,521
47,593,003 2668,261 12,768,151 2925,624 3989,260 2686,534 2371,053 8221,913 1964,256 1173,454 2018,313 1816,W7 4989,697
32,342
2,747
2,006
2/9,925
2,555
1,434
3,008
473
1,617
48
1,359
4,464
209
1,197
809
1,197
485
1,197
3,008
98
FEDERAL RESERVE AGENTS* ACCOUNTS
F.R. notes outstanding
Collateral for F.R. notest
Gold certificates
Eligible paper
U.S. Govt, securities
Total collateral
23,944,415 1479,769
5,377,733
1697,742 2154,190 1637,258 1346,243 4537,043 H07^+99
612,871 935,439
656,998 2401,630
12,219,000 390,000 4,470,000 750,000 765,000 475,ooo 510,000 2430,000 250,000
170,000
280,000
179,000 1500,000
n
10
'
~
^r-r\
114,750
I nrA
——
200
12,050
18,896
2,880
91,152
7,769
25,992
8,615
12,440*000 1100^000 1,000[000 1000,000 1425,000 1190,000 850,000 2100,000 925,000 450,000 700,000 500,000 1200,000
24,750,152 1497,769 5,495,992 1758,615 2190,000 1667,880 1360,000 4580,000 1187,050 634,750 998,896 679,000 2700,200
l/ After deducting $583,159,000 participations of other Federal Reserve Banks.
2 / After deducting $22,417,000 participations of other Federal Reserve Banks.
@FedFRASER