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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.4.1 August 23, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 22, Member bank reserves decreased $113 million. The principal changes reducing reserves were a decrease of $185 million in Reserve Bank credit, and an increase of $25 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $6l million in Treasury deposits with Federal Reserve Banks and $42 million in Foreign deposits with Federal Reserve Banks. The decrease of $185 million in Reserve Bank credit resulted from decreases of $90 million in Float, $67 million in U. S. Government securities, and $28 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected decreases of $63 million in b i l l s and $4 million in certificates. Member Bank Reserves and Related Items August 22, 1951 Change since August 15, August L23, 1950, 1951 (In millions of dollars) Reserve Bank credit: U. S, Government securities Lodns, discounts and advances Float Total Gold stock Treasury currency outstanding 23,084 220 871 24,175 21,800 4,667 - 67 +4,507 -185 +5,292 -2,003 - 28 - 90 + 1 + 7 + 4 + 103 + 682 + 58 + 969 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) 27,932 1,292 434 271 718 - 42 + 25 - 1 Member bank reserves 19,172 -113 +2,73C 18,465 707 + 51 -164 +2,779 794 - 16 + 141 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 825 - 61 - - 16 128 168 8 30 49 H.A.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since August 15, August 23, 1951 1950 August 22, 1951 ASSETS Gold certificates Redemption fund for F. R. notes Total sold certificate reserves - 19,899,1*02 664,877 20,564,279 Other cash 328,590 Discounts and advances Industrial loans U. S, Government securities: Bills Certificates Notes Bonds Total U . S . Government securities 214,262 5,429 574,492 4,848,575 11,838,465 5,822,102 23,083,634 Total loans and securities Due from foreign banks F, R, notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 23,303,325 38 151,651 3,368,181 42,329 «* - - - + - 186,636 23,800,888 + 47,965,029 19,171,756 433,612 824,626 270,788 20,700,762 2,516,690 15,268 47,033,628 C A P I T A L ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 232,095 510,022 27,543 160,941 47,965,029 Ratio of gold certificate 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 for foreign correspondents Industrial loan commitments -2,151,027 + 145,456 -2,005,571 3,789 + 75,798 27,738 421 + + 99,072 3,173 63,700 3,600 -3,161,175 +1,217,939 67,300 + 382,472 +4,507,101 + 3,550 408,683 79 7,586 499,730 5,792 + 990,718 113,461 61,309 42,844 +2,729,320 m 128,827 - 168,270 8,238 +2,423,965 + 31,397 + 4,509 +3,450,609 25.257 192,357 319,109 470 506,144 + 175 + 6,239 499,730 46.2# + 24,125 3,776 + + +6,067,865 +4,609,346 + 14 + 23,094 + 713,543 + 6,372 + 69,472 +3,492,068 95,459 + + LIABILITIES Federal Reserve notes Deposits: Member bank—reserve accounts U. S, Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES 2i001 1*013 3,014 + + 12,411 21,849 ,2% 24 13 — + 7,199 +3,492,068 8*7% + + 8,680 1,430 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST 22. 1951 (Callable Government securities classified according to nearest call date) Discounts and advances Within 15 days 16 t o 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Digitized for Total FRASER 203,1+07 10,852 3 ... — — 214,262 Industrial loans 61$ 336 3,16b 812+ — —— " W U. S. Government securities 192,212 7,652,672 6,218,100 4,878,166 1,031,90b 3,110,580 23,083,634 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 22, 1951 H.4.1(b) ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves (In thousands of dollars) Mpls. Kans.Cy. Dallas SariFran. 19,899,402 607,646 6,453,784 1156,988 1485,166 823,589 851,731 4184,712 500,821 311,780 6 8 9 , 6 2 8 501,390 2332,167 Total 664,877 °3ecurItiesGOVerPment Total loans and securities 65,306 Phila. 54,764 Cleve. 74,797 Rich. Atlanta 62,737 47,885 Chicago St.Louis 110,929 46,070 23,797 35,783 28,277 54,697 29,189 7,160 65,832 61,698 23 17,083 3,470 21,631 6,800 3,928 459 17,055 19,800 274 25,391 4,365 372 64,862 9,635 17,158 11,525 8,504 9,425 147 11,255 13,996 13,575 146 62 37,055 66,242 164 23,591 16,835 24,969 25,376 52,111 90,291 33,366 49,534 35,260 28,614 343,294 1 , 0 8 5 , 0 5 8 305,072 452,905 322,396 261,624 723,189 264,340 153,923 228,290 2 3 2 , 0 1 4 4 7 6 , 4 7 0 838,205 2,649,311 7 4 4 , 8 7 6 1 1 0 5 , 8 3 2 787,176 638,792 1765,767 645,421 375,823 557,402 566,494 1163,366 412,222 1,302,923 366,327 543,842 387,129 314,155 868,395 317,415 184,829 274,128 278,599 572,138 194,545 23,083,634 1593,721 5 , 2 3 1 , 8 3 7 1449,641 2152,113 1 5 3 1 , 9 6 1 23,303,325 l600,88l 5,293,558 1457,039 2159,372 1552,035 1247,922 3457,277 1262,292 740,982 1098,785 1102,691 2330,491 Due from foreign banks 38 F.R.notes of other banks 1 5 1 , 6 5 1 Uncollected cash items 3 , 3 8 8 , 1 8 1 Bank premises 42,329 Other assets 186,636 TOTAL ASSETS 59.835 New York 20,564,279 667,481 6,519,090 1211,752 1559,963 8 8 6 , 3 2 6 899,616 4295,641 546,891 335,577 725,411 529,667 2386,864 328,590 Other cash 214,262 Discounts and advances 5,429 Industrial loans U. S . Govt, securities: 574,492 Bills 4,848,575 Certificates 11,838,465 Notes 5,822,102 Bonds T Boston 2 8,457 298,076 l,04l 13.730 4?,965,029 2618,857 l/ 12 3 4 6,717 2 1243,185, 3447,642 1250,767 7 3 1 , 4 1 0 1084,789 1102,483 2264,085 2 5 21,105 9,822 25,122 10,973 15,824 634,468 208,223 296,648 262,633 205,561 540,933 7,571 2,882 4,701 3,667 2,4-53 6,l8l 40.948 11.571 17.724 12.528 10,270 27,648 1 1 ~ 1 n Q ^ 7,559 10,8l6 8,401 7,961 18,894 143,822 101,951 205,207 174,968 3 1 5 , 6 9 1 3,373 1,096 2,511 659 6,194 9.936 5,845 8,941 8 z 8l0 18,685 12,582,584 2918,375 4066,760 2 7 5 9 , 3 6 8 2402,188 8408,371 1991,032 1204,772 2060,512 1838,332 5113,878 l/ After deducting $ 2 6 , 0 0 0 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 22, 1951 (in thousands of dollars) H.4.1(c) Total L I A B I L I T I E S 23,800,888 Federal Reserve notes Deposits: Member bank-reserve accts. 19,171/756 U.S.Treasurer-general acct. 433,612 Foreign 824,626 Other 270,786 Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 1449,348 5,309,711 1679,169 2168,991 1616,136 1284,407 4623,847 1087,521 607,346 931,245 654,572 2388,595 817,568 6,080,421 897,845 1466,449 798,984 835,612 3087,081 679,504 440,067 874,132 935,270 2258,803 75,369 31,571 35,140 39,253 33,139 30,951 35,319 30,940 25,411 30,352 40,435 25,732 1/261,342 64,211 75,590 40,640 34,138 112,166 30,074 20,320 30,074 30,074 75,603 50,394 206 2,320 2,542 7,160 1,423 2,785 39,594 201,270 3,703 4,454 1,555 3,776 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 20,700,782 897,470 6,618,402 997,330 1581,633 880,432 905,209 3232,740 752,057 452,770 929,823 998,481 2414,435 2,516,690 211,845 379,911 168,959 228,425 212,431 170,007 420,753 113,066 78,686 161,831 147,898 222,878 TOTAL LIABILITIES Capital paid in Surplus (Section 7 ) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,033,628 2559,910 12,312,114 2846,270 3980,652 2709,734 2360,334 8279,588 1953,298 1179,325 2023,466 1801,674 5027,263 74,891 16,590 22,286 10,196 9,535 29,708 7,984 5,278 8,746 10,523 24,821 • 232^8^ 12,337 510,C22 32,246 153,290 39,710 48,014 25,167 22,369 75,345 20,295 13,168 19,047 16,852 44,519 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 15,268 27,543 160,941 1,247 3,-011 11,353 4,090 7,319 34,970 812 4,489 11,316 1,603 1,006 14,802 735 3,349 10,922 711 762 9,188 2,248 1,429 22,301 654 521 8,934 523 1,073 5,928 567 1,137 8,116 723 1,307 7,976 1,355 2,l40 15,135. 47,965,029 2618,857 12,582,584 2918,375 4066,760 2759,368 2402,188 8408,371 1991,032 1204,772 2060,512 1838,332 5113,878 24,125 3,776 1,496 2/ 7,406 1,906 1,174 2,243 958 1,206 48 1,013 3,329 445 893 603 893 465 893 2,244 686 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F. R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 24,796,339 1515,051 5,574,872 1760,274 2286,156 1677,261 1353,978 4698,846 1129,869 619,332 961,650 689,898 2529,152 12,214,000 350,000 4,470,000 700,000 795,000 490,000 510,000 2560,000 250,000 150,000 280,000 159,000 1500,000 191,516 7,160 . 61,698 3,470 -18,450 — — 11,525 65,792 9,425 13,996 13,225,000 1200,000 1,200,000 1100,000 1500,000 1215,000 900,000 2200,000 975,000 4?o,000 700.000 545,000 1200,000 25,630,516 1557,160 5,731, 698 1803,470 2295,000 1723,450 1410, 000 4760,000 1~Fjb, 525 649,425 993,996 704,000 '2765,792 l/ After deducting $563,270,000 participations of other Federal Reserve Banks. 2/ After deducting $16,719,000 participations of other Federal Reserve Banks.
@FedFRASER