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H.4.1. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) August 9> 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 8, Member bank reserves increased $229 million. The principal changes supplying reserves were decreases of $354 million in Treasury deposits with Federal Reserve Banks and $202 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $236 million in Reserve Bank credit, and increases of $62 million in Money in circulation and $43 million in Foreign deposits with Federal Reserve Banks. The decrease of $236 million in Reserve Bank credit resulted from decreases of $208 million in Loans, discounts, and advances and $66 million in Float, and an increase of $37 million in U. S. Government securities. Holdings of U. S. Government securities reflected increases of $30 million in bills and $7 million in certificates. \ Member Bank Reserves and Related Items August 8, 1951 Change August 1, 1951 since August 5 1950 (In millions of dollars) Reserve Bank credit: U. S. Govt, securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,118 206 722 24,046 21,759 4,665 + 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) 27,904 1,298 203 871 145 720 + 62 - 10 -354 + 43 -202 - 2 + - Member bank reserves 19,328 +229 +2,962 18,407 921 + 11 +218 +2,872 + 90 810 +196 + Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) + 37 -208 - 66 -236 — — 2 +4,769 59 + 432 +5,142 -2,276 + 57 889 11 464 270 145 39 89 H.4.l(a) STATEMENT OF CONDITION CF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) August 8, 1951 A S S E T S Gold certificates Redemption fund for F. R, notes Total gold certificate reserves 19,851,401 668.540 20,519,941 Change since August 9, August 1, 1950 1951 + + 7,998 7,901 + 15,899 -2,412,030 + 166.284 -2,265,746 Other cash 328,916 - 13,711 + 73,805 Discounts and advances Industrial loans U. S» Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 200,355 5,875 -207,616 18 - 62,290 + 3,469 599,492 4,858,275 11,838,465 + 30,900 23.118.334 + 37.500 -3,687,555 +1,860,225 +5,565,965 +1.030.902 +4.769.537 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 23,324,564 38 147,008 3,008,811 42,187 171,600 47,543,065 -170,134 +4,710,716 - 7,831 -185,062 + 214 + 8.239 -352,386 9,466 299,463 6,596 74.156 +2,908,470 23,774,146 5.822.102 L I A B I L I T I E S 1 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 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + 6,600 + + + + + 1u + 44,259 + 915,181 19,327,775 203,450 870,622 145.496 20,547,343 2,287,300 14.762 46,623,551 +228,928 -354,017 + 42,153 -201.951 -284,887 -118,891 +2,961,656 - 463,955 - 270,231 - 144.924 +2,082,546 - 131,894 + 4.192 +2,870,025 232,677 111 + 1.080 -358,439 510,022 27,543 + + 12,303 21,849 + 5.942 -352,386 4,293 +2,908,470 46.3% T ej/o — 8«8$ 24,077 - 1,069 131 + 14,559 477543,065 3,682 + 1,968 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST 8. 1951 (Callable Government securities classified according to nearest call date) Discounts and advances 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 183,113 17,151 91 200,355 Industrial loans 586 1,817 3,030 442 5,875 U. S. Government securities 313,525 7,566,059 6,218,100 4,878,166 1,031,904 ,iW0.58q 23,118,33-1 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 8, 1951 (In thousands of dollars) A S S E T S Total Gold certificates Xicvivinp vi.011 1 una. i or F. R, notes Boston New York Phila. Cleve. Rich. Atlanta Chicago St, Louis Mpls. Kans.Cy. Dallas SanFran. 19,851,401 618,246 6,470,989 1141,023 1485,930 829,349 830,648 4149,219 499,532 302,781 697,520 485,663 2340,501 668,540 60,111 66.383 55.272 75.165 Total gold certificate reserves 20,519,941 678,357 6,537,372 1196,295 1561,095 63.253 48.159 111.092 892,602 878,807 4260,311 46.204 21.8^8 15.871 545,736 326,619 733,391 28.111 s4.8frl 513,974 2395,382 Other cash 328,916 34,827 62,949 18,699 22,934 15,716 24,48? 65,165 15,421 8,207 11,507 13,214 35,790 Discounts and advances 200,355 9,921 86,653 2,205 3,000 16,290 1,432 24,955 2,150 1,125 10,919 1,028 40,677 Industrial loans 5,875 — 23 4,064 4l8 275 311 147 64 571 U. S. Govt, securities: ®i:L+® . 599,492 10,334 206,111 33,366 49,534 35,260 28,6l4 105,846 11,136 16,835 24,969 25,376 52,111 Certificates 344,14? 1,093,905 305,072 452,905 322,396 261,624 723,189 264,340 153,923 228,290 232,014 476 470 ?ot*s 11,838,465 840,282 2,647,234 744,876 1105,832 787,176 638,792 1765,767 645,421 375,823 557,402 566,494 1163,366 Bonds 5,822,102 413,247 1,301,898 366.327 543.842 387.129 314.155 868.395 317.415 184.829 274.128 278.5QQ 57P-Hfl Total U. S. Government securities 23,118,334 1608,010 5,249,148 1449,641 2152,113 1531,961 1243,185 3463,197 1238,312 731,410 1084,789 1102,483 2264,085 Total loans and securities 23,324,564 1617,931 5,335,824 1455,910 2155,531 1548,526 1244,928 3488,152 1240,462 732,682 1095,708 1103,575 2305,335 Due from foreign banks 38 2 F.R.notes of other banks 147,008 5,426 Uncollected cash items 3,008,811 251,450 Bank premises 42,187 l,04l Other assets 171.600 12.896 TOTAL ASSETS 1/ 12 3 4 2 2 5 1 22,745 6,347 5,940 24,274 12,469 17,134 8,403 549,573 177,180 258,699 238,621 197,342 525,132 142,870 7,556 2,882 4,704 3,662 2,408 6,101 3,373 37.330 10.621 16.446 llri4l 0,477 »">?» Q.10Q 1 1 1 4 10,397 8,831 7,461 17,581 91,684 176,777 132,909 266,574 1,096 2,511 659 6,194 5.111 6,310 8,037 4?,543,065 2601,930 12,553,361 2867,937 4025,353 2734,744 2369,920 8387,438 1965,375 1176,019 2037,036 1779,830 5044,122 1/ After deducting $26,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 8, 1951 (In thousands of dollars) H.4.1(c) Cleve. Rich. Atlanta Chicago St.Louis • , Mpls. Kans.Cy. Dallas SanFran. Phila. New York Total Boston L I A B I L I T I E S 652,404 2390,107 2158,600 1609,274 1292,191 4614,220 1086,601 607,213 931,052 1678,177 23,774,146 1454,831 5,299,476 Federal Reserve notes Deposits: 934,305 2249,377 1465,848 811,226 828,707 3138,817 681,348 429,55% 898,632 Member bank-reserve accts. 19,327,775 811,640 6,179,190 899,131 13,422 1,850 16,936 12,998 6,737 15,462 11,767 21,496 20,707 4,057 57,063 203,450 20,955 U.S.Treasurer-general acct . 30,273 76,105 20,455 30,273 34,364 112,912 30,273 76,093 40,910 64,638 870,622 50,728 1/303,598 Foreign 759 35,401 1,919 1,046 2,021 1,673 8,267 3,812 3,960 1,839 80,398 145,496 4,401 Other 978,759 2362,733 468,864 942,949 20,547,343 887,724 6,620,249 969,665 1567,249 876,803 871,829 3268,864 731,655 Total deposits 112,023 204,787 74,335 126,029 361,955 147,961 212,913 199,093 164,024 374,883 109,394 2,287,300 199,903 Deferred avail, cash items Other liabilities and 544 1,280 511 615 537 629 2,498 706 761 1,559 3,805 14,762 1,317 accrued dividends 1743,730 4958,907 46,623,551 2543,775 12,285,485 2796,564 3940,321 2685,876 2328,673 8260,465 1928,265 1150,9492000,541 TOTAL LIABILITIES 10,517 24,701 5,275 8,745 9,525 29,692 7,967 232,677 12,337 74,890 16,568 22,271 10,189 Capital paid in 16,852 44,519 13,168 19,047 22,369 75,345 20,295 510,022 32,246 153,290 39,710 48,014 25,167 Surplus (Section 7) 1,307 2,l4o 1,073 1,137 762 1,429 521 27,543 3,011 7,319 4,489 1,006 3,349 Surplus (Section 13b) 7,424 13,855 5,554 7,566 8,591 20,507 8,327 149,272 10,561 32,377 10,606 13,741 10,163 Other capital accounts TOTAL LIABILITIES AND 47,543,96$ 2601,930 12,553,361 2867,937 4025,353 2734,744 2369,920 8387,438 1965,375 1176,0192337,036 1779,830 5044,122 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 24,077 3,682 1,491 2/ 7,413 1,900 1,038 2,236 1,000 1,202 1,010 48 3,318 445 890 601 89O 465 890 2,236 686 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: Gold certificates * Eligible paper U.S. Govt, securities Total collateral 24,745,791 1509,813 5,575,831 1768,230 2279,843 1669,719 1342,056 4689,961 1132,255 619,699 960,457 687,981 2509,946 12,204,000 350,000 157,140 9,921 13,225,000 1200,000 25,586,140 1559,921 l/ After 2/ After 4 470,000 700,000 795,000 480,000 510,000 2560,000 250,000 150,000 280,000 85,203 2,205 — 15,390 — — 2,150 1,125 10,919 1,200,000 1100,000 1500,000 1215,000 900,000 2200,000 9 7 5 , o o o 490,000 700,000 5,755,203 1802,205 2295,000 1710,390 1410,000 4760,000 1227,150 6 4 1 , 1 2 5 9 9 0 , 9 1 9 deducting $567,012,000 participations of other Federal Reserve Banks. deducting $16,664,000 participations of other Federal Reserve Banks. 159,000 1500,000 30,227 545,000 1200,000 704,000 2730,227
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