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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U.I (For Immediate Release) August 30, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 29, Member bank reserves decreased $301 million. The principal changes reducing reserves were a decrease of $174 million in Reserve Bank credit, and increases of $123 million in Treasury deposits with Federal Reserve Banks and $102 million in Money in circulation. The principal offsetting changes were decreases of $56 million in Other deposits with Federal Reserve Banks and $4l million in Foreign deposits with Federal Reserve Banks. The decrease of $174 million in Reserve Bank credit resulted from decreases of $219 million in Float and $18 million in U. S. Government securities, and an increase of $63 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected a decrease of $18 million in bills. Member Bank Reserves and Related Items August 29, 1951 Change since August 22, August 30, 1951 1950 (In millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,066 283 652 24,001 21,800 4,668 - 18 +63 -219 -174 — +4,482 + 174 + 366 +5,022 -1,952 + 1 + 5 7 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) 28,034 +102 + 992 1,291 557 784 215 717 - 1 +123 - 4l - 56 - 1 17 - 119 - 222 Member bank reserves 18,871 -301 +2,586 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) - 83 - 11 18,476 + 11 +2,709 395 -312 - 123 571 -223 + 24 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) August 29, 1951 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificates reserves Change since August 30, August 22, 1951 1950 19,896,179 665,211 20,561,390 + - 3,223 334 2,889 -2,100,254 + 147,100 -1,953,154 Other cash 329,705 + 1,115 + 80,281 Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 277,878 + 63,616 + + 171,158 3,363 5,606 556,592 4,848,575 + - 17,900 -2,181,133 + 72,339 +7,319,515 - 728,784 +4,481,937 + 45,893 +4,656,458 - 17,900 11,838,465 - - - 5,822,102 23,065,734 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 177 - - - 23,349,218 38 155,975 3,018,285 42,256 193,206 47,650,073 73 + 6,570 -314,956 + 6,322 + 53,369 +3,175,239 23,903,318 +102,430 +1,025,583 -301,066 +2,585,981 - 118,867 18,870,690 556,942 784,441 215,375 20,427,448 2,366,468 15,718 46,712,952 C A P I T A L A C C O U N T S Capital paid in 232,932 Surplus (Section 7) 510,022 Surplus (Section 13b) 27,543 Other capital accounts 166,624 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,650,073 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - — - + +123,330 - 40,185 - 55,413 -2737335 -150,222 + 450 -320,676 + 23,272 4,042 37 - 14 + 29,068 + 302,881 - 221,904 82,421 + 12,365 +2,162,789 - 62,510 + 5,965 +3,131,827 + 21,849 - - - - - - + 5,683 -314,956 - 46.4# 4,324 -369,896 + + + 9,198 +3,175,239 8.3# .2% 853 266 + + 7,777 1,550 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 29, 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 268,352 9,526 - — - «• Industrial loans 648 727 3,418 813 — — - - — - - 277,878 5,606 U. S. Government securities 164,312 7,662,672 6,218,100 4,878,166 1,031,904 3.110,580 23,065,734 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 29, 1951 (in thousands of dollars) A S S E T S Total Boston 19,896,179 600,586 665.211 59.706 Total gold certificate reserves 20,561,390 660,292 Gold certificates Redemption fund for F. R. notes New York Phila. Cleve. 6,402,744 1153,357 1490,86? 64.888 54.-547 Rich. Atlanta 837,014 75.831 6^.6q^ 6,%67,632 1207,90% 1566,698 900,707 Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 855,813 4265,320 51%,3%7 300,035 696,797 510,110 2269,189 47.770 no.%6i 46m? 9? 7nf, ss 7k:> 903,583 %375,78l 560,364 323,811 732,5%0 Other cash 329,705 27,352 69,197 16,221 2%,731 17,577 22,582 63,672 17,254 7,726 Discounts and advances 277,878 11,559 13,720 13,100 98,733 29,320 20,050 7,565 %0,%35 11,225 Industrial loans 5,606 %,186 23 322 273 %27 — 1%7 U. S. Govt, securities: Bills 556,592 168,672 H,5%3 33,366 35,260 28,6l4 90,291 20,021 %9,53% 16,835 Certificates %,8%8,575 3%%,1%7 1,08%,205 305,072 %52,905 322,396 261,624 723,189 264,340 153,923 Notes 11,838,%65 8%0,282 2,6%7,23% 7%%,876 1105,832 787,176 638,792 1765,767 645,421 375,823 Bonds 5,822,102 %13,2%7 1,301,898 366,327 5%3,8%2 387,129 314,155 868,395 317,%15 18%,829 12,703 29,771 oa iAi ci, c 1 r ^ W Z 538,291 2323,787 13,565 %58 6% 37,125 1,9%2 16% 2%,969 25,376 52,111 228,290 232,01% %76,%70 557,%02 566,%9% 1163,366 27%,128 278,599 572,138 Total U. S. Government securities 23,065,73% 1609,219 5,202,009 1449,64l 2152,113 1531,961 1243,185 3447,642 1247,197 731,410 1084,789 1102,483 2264,085 Total loans and securities " " 5,300,765 1%6?,5%7 2165,535 1561,55% 1251,177 3%88,0?7 1267,2%7 •—— 7%2,782 111%,560 1103,005 2266,191 23,3%9,2l8 1620,778 38 Due from foreign banks F.R.notes of other banks 155,975 Uncollected cash items 3,018,285 Bank premises 42,256 Other assets 193,206 TOTAL ASSETS 2 9,%93 2%1,88% 1,036 14,323 l/l2 21,58% 555,625 7,571 %2,3%8 3 8,071 182,656 2,876 11,868 % 2 6,758 26,8%0 287,590 2%%,130 4,701 3,664 18,386 13,016 2 12,082 186,464 2,450 10,666 5 17,%89 510,562 6,155 28,5%5 1 7,633 134,325 3,352 10,35% 1 12,0%8 97,086 1,093 6,08% l 9,206 175,746 2,511 9,277 i 6,%51 134,519 659 9,151 4 18,320 267,698 6!l88 19,19% %7,650,073 2575,160 12,%6%,73% 2898,502 %07%,%03 2766,13% 2389,000 8%90,286 2000,530 1190,631 2056,5%% 1805,6%2 %938,507 l/ After deducting $26,000 participations of other Federal Reserve Banks. H.4.1(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 29, 1951 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Federal Reserve notes 23,903,318 1451,330 5,320,576 1684,256 2174,629 1649,106 1305,048 4622,841 1091,632 Deposits: Member bank-reserve accts. 18,870,690 780,289 5,984,801 893,365 1455,204 791,175 804,455 3153,822 682,883 U.S.Treasurer-general acct 556,942 33,061 83,954 30,028 5°>plT 34,734 41,857 84,764 46,701 Foreign 784,441 48,323 1/244,303 61,573 72,484 38,970 32,735 107,557 28,838 Other 215,375 3,033 158,358 2,449 ^,721 1,715 1,581 1,956 7,268 20,427,448 864,706 6,471,416 Total deposits 2,366,468 198,668 Deferred avail, cash items 396,621 Other liabilities and accrued dividends 15,718 1,228 4,379 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 Mpls. Kans.Cy. Dallas SanFran. 605,747 931,379 662,948 2403,826 419,417 891,684 930,718 2082,877 41,130 36,017 27,824 46,855 19,485 28,838 28,838 72 497 1,133 155 761 32.245 987,415 1582,426 866,594 880,628 3348,099 765,690 481,165 956,694 988,141 2234,474 153,592 229,070 199,632 160,388 387,751 104,469 77,413 130,506 116,860 211,498 778 1,613 777 782 1,949 690 663 572 759 1,528 46,712,952 2515,932 12,192,992 2826,041 3987,738 2716,109 2346,846 8360,640 1962,481 1164,988 2019,151 1768,708 4851,326 232,932 12,341 74,892 16,590 22,297 10,198 9,535 29,713 7,984 5,278 8,749 10,524 24,831 510,022 32,246 153,290 39,710 48,014 25,167 22,369 75,345 20,295 13,168 19,047 16,852 44,519 7,319 4,489 1,006 3,349 762 1,429 521 27,543 3,011 1,073 1,137 1,307 2,140 166,624 11,630 36,241 11,672 15,348 11,311 9,488 23,159 9,249 6,124 8,46o 8,251 15,691 47,650,073 2575,160 12,464,734 2898,502 4074,403 2766,134 2389,000 8490,286 2000,530 1190,631 2056,544 1805,642 4938,507 23,272 4,042 1,443 2/7,145 1,838 913 2,164 1,095 1,164 48 977 3,212 445 861 582 861 855 861 2,164 686 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 24,884,003 1518,569 5,570,473 1762,674 2292,189 1703,695 1359,432 4708,420 1135,023 617,824 964,348 702,129 2549,227 12,249,000 350,000 4,470,000 700,000 795,000 515,000 510,000 2560,000 250,000 150,000 280,000 169,000 1500,000 204,270 11,559 96,083 13,720 — 20,370 20,050 11,225 29,771 1,492 13,225,000 1200,000 1,200,000 1100,000 1500,000 1215,000 900,000 2200,000 975,000 490,000 700,000 1200,000 25)678,270 1561,559 5,766,083 1813/720 2295,000 1750,370 1410,000 4760,000 1245^050 651^225 1009^771 714^000 2701,492 l/ After deducting $540,124,000 participations of other Federal Reserve Banks. 2/ After deducting $16,127,000 participations of other Federal Reserve Banks.
@FedFRASER