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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) December 20, I95I CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended December 19> Member bank reserves increased $834 million. The principal changes supplying reserves were increases of $765 million in Reserve Bank credit and $109 million in Gold stock, and decreases of $260 million in Treasury deposits with Federal Reserve Banks and $15 million in Treasury cash holdings• The principal offsetting changes were increases of $226 million in Money in circulation, $57 million in Other F* R, accounts (net), and $44 million in Other deposits with Federal Reserve Banks. The increase of $765 million in Reserve Bank credit resulted from an increase of $1,026 million in Float and a decrease of $262 million in Loans, discounts and advances. Holdings of U.,S. Government securities reflected an increase of $42 million in certificates and a decrease of $42 million in bonds. Member Bank Reserves and Related Items Dec. 19, 1951 Change since Dec. 12, Dec . 20 1951 1950 (In millions of dollars) Reserve Bank credit: U, S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,239 453 2,053 25,745 22,491 4,703 -262 +1,026 +765 +109 + 3 +3.,012 397 + 472 ,881 +3 j 305 + 73 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) 29,263 1,269 6 515 257 827 +226 - 15 -260 - 8 + 44 + 57 ,334 22 679 381 51 + 67 Member bank reserves 20,798 +834 + 19,678 1,120 +46l +373 +3,128 + 254 976 +239 - Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) •» — + - 3, 382 172 STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) H.4.1(a) Change since December 12, December 2C 195C 1951 December 19, 195.1 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves + + 20,579,454 707.195 21,286^649 93,773 12,259 + 106,032 - 402,949 138,297 264,652 Other cash 280,446 5,787 + 59,675 Discounts and advances Industrial loans U, S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 448,779 4,362 261,427 + 52 + 394,747 1,963 * 628,601 42,000 +1(5,385,403 - 7,545,923 42,000 + 801,402 116,970 12,719,598 5,068,073 am Total loans and securities Due from foreign hanks F. R. notes of other banks Uncollected cash items Bank premises Ojfcher assets TOTAL ASSETS + 3,012,281" 23,692,05 28,<5, i64,6er 261,375 + 3,408,991 + 4 2,960 + 24,687 + 1,217,878 + 538,050 :+ -3fr 50,629,474 50,448 + 5,610 + 1,003,606 + 3,777,718 25,069,797 + 195,875 + 1,363,207 20,798,424 + - 834,441 260,327 8,458 44,428 610,084 191,763 634 997,088 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 T6TAL LIABILITIES 2,988,564 18,722 49,657,639 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 235,948 510,022 27,543 198,322 50,629,474 6,118 518,562 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + + + + + 266 + — 5,353 + 3,382,500 679,317 381,639 50,174 + 2,271,370 + 65,482 + 7,253 + 3,707,312 336 + + 11,149 21,849 + 6,182 + 37,408 + 1,003,606 + 3,777,716 45.6# 4.5% 21,338 6,397 1,615 107 697 2,20% -Tf MATURITY DISTRIBUTION OF LOANS AND SECURITIES. DECEMBER 19, 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 Industrial loans 442,891 5,704 184 1,475 • 84 1,817 986 448,779 4,362 U. S. Government securities V' i I 62,908 101,462 14,339,323 5,098,856 1,013,614 2,622,755 23,238,918 H.4.1(b) A S S E T S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 19, 1951 (in thousands of dollars) Cleve. Rich. 626,889 6,791,905 1199,887 1496,568 920,933 878,215 4134,472 535,424 320,613 687,704 534,987 2451,857 21,286,649 689,867 6,870,661 1256,547 1572,236 988,406 928,215 4247,388 584,774 345,661 724,892 562,689 2515,313 280,446 Other cash 448,779 Discounts and advances 4,362 Industrial loans U. S. Govt, securities: 116,970 Bills Certificates 12,719,598 Notes 5,068,073 Bonds 5,334,277 15,372 6,450 52,325 93,545 — 15,009 9,855 5,945 1,350 135 11,320 36,019 6,312 17,447 686,337 1897,192 273,468 755,928 287,832 795,634 „ 6,377 693,461 276,306 290,819 Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Total U. S. Government securities Total Boston 20,579,454 888,383 353,969 372,562 New York 67,921 32,195 23 38,172 2,863,071 1,140,778 1,200,698 Phila. 17,466 4,420 16,158 19,390 97 7,360 10,926 800,317 1188,137 318,883 473,409 335,633 498,275 7,777 845,765 336,991 354,692 12,655 6,145 3,448 Atlanta 20,248 4,500 624 Chicago St.Louis Mpls. Kans.Cy. 399^33 159,158 167,518 5,507 598,890 238,625 251,159 Dallas SanFran. 14,872 8,710 35 31,155 226,200 5,598 11,494 608,657 1249;955 242,518 498,040 255,256 524,199 23,238,918 l6l4,9l4 5,242,719 1462,193 2170,747 1545,225 1253,949 3466,201 1266,963 726,109 1094,181 1112,029 2283,688 23,692,059 1621,364 ^ b Due from foreign banks x 28 2 F.R.notes of other banks 164^5015,159 Uncollected cash items 5,041,651/ 445,506 43,372 1,022 Bank premises Other assets 120,668^° 9,447 5,274,937 1471,786 2175,167 1564,712 1259,073 3559,746 1276,818 727,594 1130,200 1120,774 2509,888 Total loans and securities TOTAL ASSETS l/8 21,566 946,485 7,682 26,419 0 \2 3 6,217 /> 7,680 297,961/ 572,243 2,85/ 4,659 7,35^* 12,132 1 41,660 361,347 4,108 7,915 1 11,519 291,019 2,885 6,691 4 18,253 822,956 6,324 17,537 1 8,761 249,096 3,286 6,139 1 6,693 121,917 1,085 3,650 1 8,434 272,412 2,454 5,790 1 3 11,763 16,896 242,332 4l8,377 654 6,362 5,696 11,896 50,629,474 2787,739 13,215,679 3055,375 4361,586 2984,307 2519,651 8724,533 2143,884 1212,546 2155,503 1958,781 5509,890 t l/ After deducting $20,000 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 DECEMBER 19, I95I (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 25,069,797 1532,959 5,568,863 1773,882 2286,822 1796,994 1386,990 4748,632 1170,120 634,908 973,870 703,905 2491,852 Dcpos l"ts ! Member bank-reserve accts. 20,798,424 930,499 6,497,336 940,905 1589,417 872,522 866,954 3322,402 757,926 46o,o6o 967,857 1010 864 2581 682 U.S. Treasurer -general acct. 6,118 516 455 539 529 187 265 524 503 557 575 '519 ' qUq Foreign 518,562 32,011 1/160,750 40,788 48,016 25,815 21,685 71,249 19,103 12,908 19,103 19,103 48 031 Other 257,452 5,324 187,989 5,377 3,581 2,048 2,018 2,272 8,323 1.116 393 561 38^50 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 21,580,556 2,988,564 968,350 222,913 6,846,530 516,001 18,722 1,340 5,123 TOTAL LIABILITIES Capital paid in Surplus Section 7) Surplus (Section 13b) ©ther capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,657,639 2725,562 12,936,517 2980,713 4271,780 2932,083 2475,625 8589,574 2103,751 1185,885 2116,502 1920,105 5419 542 235,948 12,978 75,276 16,747 22,438 10,332 9,693 30,156 8,351 5,343 8,865 10 685 25,084 510,022 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 2 140 198,322 13,942 43,277 13,716 18,348 13,376 11,202 28,029 10,966 7,077 9.952 q'8^2 ifi'fios ! 1 1 U 2zZ2£ —Z -U ' 50,629,474 2787,739 13,215,679 3055,375 4361,586 2984,307 2519,651 8724,533 2143,884 1212,546 2155,503 1958,781 5509,890 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments P. R. notes outstanding Collateral for F. R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 21,338 6,397 1,323 — 2/6,551 — 987,609 1641,543 218,204 341,156 1,018 1,686 1,630 2,259 1,984 952 900,572 233,640 890,922 3396,44? 196,923 441,988 877 1,067 64 790 896 --- 2,507 2,944 2,473 785,855 147,028 474,641 75,821 748 515 790 — 533 987,928 1031,047 2669 112 154,059 184 341 256 490 ' 645 812 2,088 790 835 790 ... 1 984 '1^3 FEDERAL RESERVE AGENTS' ACCOUNTS 25,987,501 1565,011 5,846,591 1839,951 2350,428 1844,794 1441,934 4844,812 1213,193 646,712 1005,462 746,917 2641,696 ' 280,000 219,000 l6C0,OOO 36,019 — 226,200 750,000 545,000 1200 000 1066,019 764,000 3026,'200 12,719,000 350,000 317,6o4 6,450 13,850,000 1300,000 26,886,604 1656,450 4,470,000 750,000 855,000 565,000 510,000 2700,000 270,000 12,645 6,145 —19,090 — — 9,855 1.50C,000 1100,000 1500,000 1300,000 950,000 2200,000 1000,000 5,982,645 1856,145 2355,000 1884,090 1460,000 4900,000 1279,855 150,000 1,200 505,000 656,200 1/ After deducting $357,796,000 participations of other Federa. Reserve Banks. 2/ After deducting $14,787,000 participations of other Federal Reserve Banks.
@FedFRASER