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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 August 2, (For Immediate Release) 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 1* Member bank reserves increased $11 million# The principal changes supplying reserves were an increase of |219 million in Reserve Bank credit* and decreases of $52 million in Foreign deposits with Federal Reserve Banks and $1(5 million in Other F» R* accounts (net)# The principal offsetting changes were increases of $136 million in Money in circulation* $133 million in Treasury deposits with Federal Reserve Banks, and $36 million in Other deposits with Federal Reserve Banks• The increase of $219 million in Reserve Bank credit resulted from increases of -S330 million in Loans, discounts and advances and $2Li million in U* S. Government securities, and a decrease of $13^ million in Float* Holdings of U» S. Government securities reflected increases of $1,658 million in certificates and $21 million in bills, and a decrease of $1,655 million in notes* Member Bank Reserves and Related Items August 1, 1951 Change since August 2, July 25, 1950 1951 (In millions of dollars) Reserve Bank credit: U. S. Govt, securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding . 23,081 UlU 788 2^,282 21,759 i+,663 5 + + 81*2 722 19,099 + 11 +2,704 18,396 703 - 3h + 1+5 +2,814-3 - 139 6lU -196 9 Member bank reserves + +U,938 + 111 + U72 +5,520 -2,377 + 5b + - 27,8^2 1,308 557 833 Daily average excess reserves (estimated) +330 -13U +219 +136 + 3 +133 - 52 + 36 - 45 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) Required reserves (estimated) Excess reserves (estimated) + 2k 3hl h 7 38I 69 35 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since July 25, August 2, 1951 1950 August 1, 1951 • A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 19,843,403 660,639 20,504,042 - 2,000 1,793 207 -2,$20,028 + 138,327 -2,381,701 + Other cash 342,627 + 5,701 + 81,887 Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 407,971 5,893 + + 329,889 74 + + 107,343 3,498 568,592 4,851,675 11,838,465 5,822,102 23,080,834 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assests TOTAL ASSETS 23,494,698 38 154,839 3,193,873 41,973 163,361 47,895,451 - L I A B I L I T I E S Federal Reserve notes Deposits: Member bank—reserve accounts U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS + 23,420 + 353,383 -3,644,655 +1,969,125 +5,651,065 + 962,202 +4,937,737 + 10,819 55,777 128 14,865 277,288 +5,048,578 + 14 + 24,302 + 360,377 + 6,389 70,000 + +3,209,846 23,729,887 + 128,069 + 19,098,847 557,467 828,469 347,447 20,832,230 2,406,191 13,682 46,981,990 + + 11,279 133,935 51,138 36,709 130,785 78,258 3,601 333,511 +2,704,043 6,370 - 380,233 + 69,001 +2,386,441 - 111,467 + 4,107 +3,172,789 232,566 510,022 27,543 143,330 47,095,451 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + 20,320 +1 ,657,883 -1,654,783 mmwmm. - - - + + + - + + 25 •m mm mm + + 893,708 12,387 21,849 — — — + 46.0$ - 25,146 3,813 + - 56,248 277,288 + 2,821 +3,209,846 9.4# .3# 2,583 103 + + 17,395 2,089 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 1, 1951 (Callable Government securities classified according to nearest call date) Discounts and advances Within 15 days l6 to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total 390,415 17,484 72 #7,971 . Industrial loans U. S. Government securities 340 1,019 3,913 304,325 4,509,717 9,246,142 4,878,166 1,031,904 3,110,580 23,080,834 621 5,893 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 1, 1951 (In thousands of dollars) A S S E T S Total Boston 19,843,403 666,880 660,639 60,327 Total gold certificate reserves 20,504,042 727,207 Gold certificates Redemption fund for F. R« notes Other cash 342,627 Discounts and advances 407,971 Industrial loans 5,893 U. S. Govt, securities: Bills 568,592 Certificates 4,851,675 Notes 11,838,465 Bonds 5,822,102 Cleve. Rich. 6,350,491 1155,146 1488,546 830,291 New York 57,055 Phila. 75,435 62.665 6,407,546 1210,795 1563,981 892,956 35,786 9,446 — 64,833 200,278 23 — 333,034 813,150 399,903 221,759 1,092,478 2,659,857 1,308,110 55.649 19,257 5,235 3,935 25,107 23,175 429 16,333 7,260 278 30,138 44,743 305,072 452,905 744,876 1105,832 366,327 543,842 31,849 322,396 787,176 387.129 Atlanta Chicago St.Louis 851,931 4228,621 Mpls. Kans.Cy. 495,24? 329,200 719,328 111.422 46.291 23.878 35,942 900,292 4340,043 541,538 353,078 755,270 66,809 34,455 — 16,057 18,765 — 8,283 12,975 148 11,884 6,834 — 25,846 88,381 261,624 729,129 638,792 1780,276 314,155 875,527 21,122 264,340 645,421 317,415 14,909 153,923 375,823 184,829 22,553 228,290 557,402 274.128 48,361 25,466 2,582 311 Dallas SanFran. 440,315 2287,407 28.377 55.237 468,692 2342,644 14,182 1,189 48 38,630 85,777 721 20,222 47,070 232,014 476,470 566,494 1163,366 278.599 572.138 Total U. S. Government securities 23,080,834 1546,087 5,282,204 1446,413 2147,322 1528,550 1240,417 3473,313 1248,298 729,484 1082,373 1097,329 2259,044 Total loans and securities 5,482,505 1455,583 2170,926 1536,088 1243,310 3507,768 1267,063 7^2,607 1089,207 1098,566 2345,542 23,494,698 1555,533 Due from foreign banks 38 F.R.notes of other banks 154,839 Uncollected cash items 3,193,873 Bank premises 41,973 Other assets 163,361 TOTAL ASSETS 2 8,029 273,593 l,04l 11.804 1/ 12 19,798 634,175 7,556 35.472 3 8,419 193,399 2,882 10.151 4 6,892 294,39% 4,704 15.765 2 27,634 243,815 3,450 10.867 2 14,109 199,694 2,4o8 9.010 5 16,913 510,466 6,101 24.469 1 8,208 137,173 3,371 8.662 1 9,441 92,268 1,096 5.084 1 7,581 179,971 2,511 7.912 1 4 9,721 18,094 138,210 296,715 . 659 6,194 7.670 i6'.47S 47,895,451 2612,995 12,651,897 2900,489 4081,773 2731,145 2394,291 8472,574 1982,073 1211,858 2054,357 1737,701 5064,298 l/ After deducting $26,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 1, 1951 (in thousands of dollars) H.4,l(c) Total Boston L I A B I L I T I B S 23,729,887 1454,729 Federal Reserve notes Deposits: Member bank-reserve accts. 19#098,847 798,336 29.664 U. S. Treasurer-general acct. 557,46? 828,469 51.665 Foreign Other New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 5,308,829 1674,701 2149,461 1603,154 1291,486 4606,913 1086,092 Mpls. Kans.Cy. 604,785 925,543 Dallas SanFran, 648,073 2376,121 6,082,563 61,827 1/250,979 897,383 1487,146 27,794 49,556 65,831 77,497 793,773 46,919 41,665 816,515 3106,833 45,014 119,703 34,999 114,995 676,410 37,172 30,832 444,450 41,224 20,833 893,505 36,832 30,832 877,694 222'+,239 22,477 39,285 30,832 77,509 993,389 1618,333 160,736 228,005 885,932 192,963 898,636 3348,330 162,646 389,215 751,491 107,156 508,692 73,044 964,124 127,989 932,030 2380,230 121,267 222,125 59 6 449 539 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,832,230 2,406,191 885,048 213,846 6,665,995 407,199 13,682 1,722 3,369 TOTAL LIABILITIES Capital paid in Surplus (Section 7 ) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 46,981,990 2555,34512,385,392 2829,474 3997,331 2682,672 2353,347 8346,4531945,3351186,970 2018,195 1701,876 4979,600 232,566 12,336 74,873 16,562 22,209 10,186 9,524 29,688 7,960 5,273 8,743 10,515 24,697 510,022 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,l40 143,330 10,057 31,023 10,254 13,213 9,771 8.289 1Q.6S9 7,962 5,374 7,235 7,151 13,342 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 648 1,532 623 579 1,995 506 1,124 47,895,451 2612,995 12,651,897 2900,489 4081,773 2731,145 2394,291 8472,574 1982,073 1211,858 2054,357 1737,701 5064,298 25,146 1,561 2/7,702 1,989 2,341 1,168 989 1,259 48 1,057 3,474 447 931 629 931 465 5,569,179 1760,955 2267,899 1666,738 1336,979 4686,415 1125,003 620,012 955,301 689,437 2507,941 12,184,000 350,000 4,470,000 700,000 775,000 480,000 510,000 2560,000 250,000 150,000 280,000 338,315 9,446 200,278 5,235 — 6,860 18,765 12,975 6,779 13,225,000 1200.000 1,200,000 1100,000 1500,000 1215,000 900,000 2200,000 975,000 490,000 700,000 25,747,315 1559,446 5,870,278 1805,235 2275,000 1701,860 1410,000 4760,000 1243,765 652,975 906,779 l/ After deducting $577,477,000 participations of other Federal Reserve Banks. 2/ After deducting $17,444,000 participations of other Federal Reserve Banks. 159,000 1500,000 3,813 931 2,341 696 FEDERAL RESERVE AGENTS* ACCOUNTS F,R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U.S. Govt, securities Total collateral 24,697,257 1511,398 77,977 545,000 1200,000 704,000 2777,977
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