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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 . (For Immediate Release) August 16, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 15, Member bank reserves decreased $43 million. The principal changes reducing reserves were increases of $292 million in Treasury deposits with Federal Reserve Banks, $101 million in Other deposits with Federal Reserve Banks, and $21 million in Money in circulation, The principal offsetting changes were increases of $31*+ million in Reserve Bank credit and $4l million in Gold stock, and a decrease of $10 million in Treasury cash holdings. The increase of $314 million in Reserve Bank credit resulted from increases of $239 million in Float, $42 million in Loans, discounts and advances, and $33 million in U. S. Government securities. Holdings of U. S. Government securities reflected an increase of $39 million in bills, and a decrease of $6 million in certificates. Member Bank Reserves and Related Items August 15, 1951 Change since August 8, August 16, 1951 1950 (In millions of dollars) Reserve Bank credit: U. S. Govt, securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,151 248 961 24,36O 21,800 4,666 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) 27,925 1,288 495 Member bank reserves Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) + 33 + 42 +239 +314 + 41 + 1 +4,817 + l4o + 514 +5,471 -2,154 + 58 + 246 719 + 21 - 10 +292 - 4 +101 - 1 19,285 - 43 +2,987 18,414 + +2,801 867 871 810 7 - 50 - 949 21 222 238 41 40 + 186 + 112 H.U.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since August 0, August lb, 1951 1950 August 15, 1951 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves -2,289,026 665,890 + 50,002 * 2,650 20,567,293 +1*7,35* + 146,470 -2,142,556 19,901,103 Other cash 332,379 + 3,463 + 76,436 Discounts and advances Industrial loans U . S . Government securities: Bills Certificates Notes Bonds Total U . S . Government securities 212,000 + 41,645 25 + + 136,352 3,599 638,192 + 38,700 - 6,100 -3,632,975 +1,818,625 +5,500,465 5,850 i,852»l?5 11,838,465 5,822,102 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 bank—reserve accounts U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES +1,131,202 23,150,93k + 32,600 23,398,78k + 74,220 3 , m 179*050 40,464,759 +78^*^3 63 + + 7,450 +921,694 23,795,096 + 20,950 + 19,285,217 494,921 867,170 215,531 20,093,139 2,835,799 15,738 47,539,772 - 42,558 +291,471 - 3,152 +100,035 +345,796 +548,499 + 976 +916,221 +2,987,327 A C C O U N T S C A P I T A L Capital paid in — — — — — — — — 232,720 Surplus (Section 7) 510,022 Surplus (Section 13b) 27,543 154,702 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 40,464,759 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments +4,817,317 +4,957,268 + 14 + 16,687 : + 77,590 +3,265,097 975,138 - 222,310 - 237,576 41,235 +2,486,206 - 240,031 + 4,667 +3,225,900 + + 43 12,284 21,849 + 5,430 +921,694 + 5,784 +3,265,097 46.0% - - 24,101 3,763 + + 3% + + 24 81 9.1% 8,622 1,411 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 15, 1951 (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 Industrial loans 229,203 12,757 40 1,026 3,616 242,000 399 809 U. S. Government securities 371,137 7,541,047 6,218,100 4,878,166 1,031,904 3,110,580 2 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 15, 1951 (In thousands of dollars) A S S E T S Total Boston 19,901,403 6,383,513 1182,953 1479,133 665,890 628,289 , 60,001 Total gold certificate reserves 20,567,293 688,290 6,449,403 1238,036 1554,151 Gold certificates Redemption fund for F. R. notes New York 65,890 55,083 75,018 Rich. Atlanta 825,010 Chicago St.Louis Mpls. Kans.Cy. 815,346 4172,476 • 48,050 110,929 487,979 305,245 725,173 46,152 23,822 35,836 887,044 \g6§,396,42^3,405 534,131 329,067 761,009 15,380 8,900 7,878 10,325 147 11,410 6,358 — 62,034 35,260 322,396 787,176 3#.129 516,878 2462,483 Total loans and securities 5,372,028 l46l,217 2154,203 1545,250 1254,672 3^57,897 1259,813 741,882 1091,14? 1102,894 2328,035 3 8,036 221,417 2,882 11,089 4 5,665 350,919 4,701 17,084 2 25,549 305,681 3,667 11,945 64,668 10,255 54,798 731,410 1084,789 1102,483 2264,085 33,366 49,534 305,072 452,905 744,876 1105,832 366,327 543,842 24,152 11,115 372 28,277 5,274,612 1449,641 2152,113 1531,961 1243,185 3447,642 1250,913 TOTAL ASSETS 15,618 13,020 269 488,601 2407,685 Total U. S. Government securities" 23,150,934 1618,100 l/ 12 25,611 715,441 7,571 39,019 24,348 1,650 440 Dallas SanFran. 237,675 1,087,805 2,647,234 1,301.898 Due from foreign banks 38 2 F.R.notes of other banks 148,101 8,200 Uncollected cash items 3,796,864 .319,496 Bank premises 42,250 l,04l Other assets 179,050 13,238 16,531 7,615 3,961 Cleve. Other cash 332,379 31,934 Discounts and advances 242,000 11,646 Industrial loans 5,850 — U. S. Govt, securities: Bills 638,192 20,424 Certificates 4,852,175 344,14? Notes 11,838,465 840,282 Bonds 5,822,102 413,247 23,398,784 1629,746 69,051 97,393 23 Phila. 14,436 346 65 36,973 63,377 573 28,614 90,291 23,737 16,835 24,969 25,376 52,111 261,624 723,189 264,340 153,923 228,290 232,014 476,470 638,792 1765,767 645,421 375,823 557,402 566,494 1163,366 314,155 868,395 .317,415 184,829 274,128 278,599 572,138 2 5 1 1 11,780 14,387 7,373 10,140 250,1# .656,487-..164,488 117,180 2,454 6,101 3,373 1,096 9,862 26,512 9,523 5,588 .1 9,459 194,056 2,511 8,690 1 7,662 175,048 659 8,503 4 17,239 326,484 6,194 17,997 48,464,759 2691,947 12,675,136 2959,211 4111,075 2794,756 2416,485 8509,462 1994,082 1212,832 2078,283 1826,081 5195,409 l/ After deducting $26,000 participations of other Federal Reserve Banks. tt k lfcx STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 15, 1951 (in thousands of dollars) L I A B I L I T I E S Federal Reserve notes Total Boston 23,795,096 1452,674 Member bank-reserve accts. 19,285,217 Leigrasurer~general Other accti Total deposits Deferred avail, cash items °accruedadiiidendsand 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 m ' M o 245.511 822,4o8 New York Phila. Cleve._ Rich. Atlanta Chicago St.Louis 5,307,408 1678,458 2166,173 1610,165 1288,300 4620,957 1088,579 Mpls. Bans.Cy. 606,348 929,122 Dallas SanFran. 652,994 2393,918 6,077,344 682,669 ^37,466 906,741 932,044 2307,978 7..54P 2k4 113 ^ 32^17 486,421 964,000 94,021 :147,896 993,230 2466,934 142,845 247,471 1 / ^ 0 % 1.761 " 184.122 20,893,139 2,835,799 922,460 256,283 15.738 2.084 910,270 1455,656 4.125 1.102 6,646,904 1027,897 1595,705 447,324 180,432 262,247 889,019 245,696 4,121 2.14? 808,264 690 1J&5 632 821,225 3123,152 2,903 2*133 881,018 3280,280 739,271 205,007 478,337 128,240 623 ZML 6ll 222 -552 £32 1*3^3 47,539,772 2633,501 12,405,957 2887,477 4025,510 2745,519 2374,948 8381,641 1956,701 1187,582 2041,570 1789,700 5109,666 232,720 12,337 74,889 16,573 22,274 10,193 9,525 29,702 7,967 5,277 8,745 10,522 24,716 510,022 32,246 153,290 39,710 48,014 25,167 22,369 75,345 20,295 13,168 19,047 16,852 44,519 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 154,702 10,852 33,681 10,962 14,271 10,528 8,881 21,345 8,598 5,732 7,784 7,700 14,368 .. . ... . • -0 48,464,759 2691,947 12,675,136 2959,211 4111,075 2794,756 2416,485 #509,462 1994,082 1212,832 2078,283 1826,001 5195,409 24,101 3,763 1,488 -- 2/ 7,471 — 1,896 1,142 2,232 977 1,200 48 1,008 — 3,311 445 888 — 600 — 888 5,583,309 1764,555 2277,164 1669,890 1344,004 4698,400 1128,965 619,564 957,850 888 — 2,231 686 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding C 24,763,305 1517,809 °Goi?cStificates* n 0 t e S " 12,204,000 350,000 4,470,000 700,000 795,000 480,000 510,000 2560,000 250,000 Eligible paper 213,484 11,646 94,293 7,615 — 11,420 — — 8,900 U. S. Govt, securities 11.225.000 IPOO.000 1.POO.000 1100.000 1500.000 1215,000 900,000 2200,000 975,000 Total collateral 25,642,484 1561,646 5,764,293 1807,615 2295,000 1706,420 1410,000 4760,000 1233,900 l/ After deducting $597,227,000 participations of other Federal Reserve 2/ After deducting $ 16,630,000 participations of other Federal Reserve 688,370 2513,425 150,000 280,000 1 5 9 , 0 0 0 0 1 ^ 0 0 0 10,325-: 6,35.8 62,927 490,000 7p0,p00v 545*000—12001 POO 650,325 986,358 704,000 2762,927 Banks. Banks.
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