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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) December 27, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended December 26, Member Bank reserves decreased $590 million. The principal changes reducing reserves were increases of $283 million in Treasury deposits with Federal Reserve Banks, $140 million in Money in circulation, $91 million in Foreign deposits with Federal Reserve Banks, and $13 million in Other deposits with Federal Reserve Banks, and a decrease of $169 million in Reserve Bank credit. The principal offsetting changes were an increase of $60 million in Gold stock, and a decrease of $50 million in Treasury cash holdings. The decrease of $169 million in Reserve crease of $781 million in Float, and increases of and advances and $264 million in U. S. Government Government securities reflected increases of $209 certificates, and $8 million in bonds. Member Bank Reserves and Related Items Bank credit resulted from a de$348 million in Loans, discounts securities. Holdings of U. S. million in bills, $47 million in Dec. 26, 1951 Change since Dec. 19, Dec. 27, 1951 1950 (in millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,503 801 1,272 25,576 22,^16 4,704 +264 +348 -781 -169 + 60 + 1 +3,166 + 498 + 193 +3,856 - 244 + 73 Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Okher deposits with F. R. Banks Other F. R. accounts (net) 29,403- £ 1,219 289 610 270 832 +140 - 50 +283 + 91 + 13 + 5 +1,487 76 - 497 - 310 25 + 72 Member bank reserves 20,208 -590 +3,034 19,573 635 -105 -485 +3,158 - 124 876 -100 + Required .reserves (estimated) Excess reserves (estimated) Tlai.l.y n.vei'R.pv; exccso i"ermv<">s (r-n himnted ) 25 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) December 26, 1951 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 20,689,453 Change since December 27j December 19, 1950 •: 1951 + 706,811 - 21,396,264 + + + 347,787 344 + + 495,729 2,309 326,335 12,766,598 5,068,073 5,342,127 23,503,133 + + 209,365 47,000 + + 7,850 264:215 543,551 +10,432,403 7,476,003 + 752,852 + 3,165,701 24,304,405 + 612,346 Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 796,566 4,706 — — * 28 W M 50,010,062 2,655* -1,341,381 + 219* + 7,387 619,412 25,201,824 + 167,246 3,700,270 43,599 128,057 + - 20,207,504 288,818 610,100 269,894 21,376,316 2,428,630 23,806 49,030,576 236,387 + + + - + - 27,543 205,534 50,010,062 29,952 3,677 10,04$ + + 3,558,846 - + 590,920 282,700 91,538 12,442 204,240 559,934 5,084 627,063 + 3,033,699 439 — - — ** + 3,663,739 + 4 + 19,410 + 1,494,675 + 4- - 132,027 510,022 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments * Dec 19 figures revised - 282,953 131,283 151,670 43,593 - 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 + + 270,193 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 - 10,253 Other cash Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 109,999 384 109,615 7,212 619,412 45.9$ + .3$ 21,381 5,968 + 43 429 - 497,255 310,446 24,771 + 2,201,227 222,532 + 11,103 + 3,484,473 - - - - + 4- li,4oc 21,845 41,124 + + 3,55 8,846. - + 4.3$ 266 2,278 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 26, 1951 (Callable Government securities classified according to nearest call date) 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 Discounts and advances Industrial loans 790,635 5,905 26 1,341 90 2,007 796,566 4,706 1,268 U. S. Government securities 199,033 216,702 14,344,823 5,100,256 1,013,614 2.628,705 23,503,133 H.4.1(b) A S S E T S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 26, 1951 (in thousands of dollars) Total Boston 20,689,453 641,478 706,811 62,957 Total gold certificate reserves 21,396,264 704,435 Gold certificates Redemption fund for F; R. notes Other cash 270,193 Discounts and advances 796,566 Industrial loans 4,706 U. S. Govt, securities: Bills 326,335 Certificates 12,766,598 Notes 5,068,073 Bonds 5,342,127 Rich. 6,796,897 1179,679 1555,457 941,186 78,634 56,646 75,629 67,451 6,875,531 1236,325 1631,086 1008,637 64,495 223,280 23 4,657 903,179 359,727 379,179 173,005 2,887,386 1,133,287 1,194,569 15,486 42,395 15,452 26,365 97 13,262 19,688 800,631 1188,604 318,883 473,409 336,127 499,008 14,014 846,097 336,991 355,214 14,541 23,790 3,773 Atlanta 24,304,405 1666,192 2 5,335 317,715 1,022 10,209 Chicago St.Louis 919,941 4167,750 325,407 722,627 112.883 49,333 25,040 37,172 969,890 4280,633 609,098 350,447 759,799 49,762 150,441 15,458 34,410 5,886 3,600 135 11,205 22,235 11,372 31,436 686,607 1897,938 273,468 755,928 288,256 796,805 11,490 693,733 276,306 291,247 6,691 403,955 160,891 169,591 9,923 599,125 238,625 251,529 49,949 19,914 7,600 641 5,388,247 1468,903 2180,709 1552,316 1259,703 3482,107 1272,776 1 5,611,550 1496,466 2223,104 1578,778 1267,944 3632,548 1307,186 1/ 8 20,830 812,961 7,706 27,488 2 9,221 216,399 2,854 7,853 3 7,533 315,48? 4,651 12,793 1 44,446 344,715 4,098 8,530 Mpls. Kans.Cy. 559,765 1 Due from foreign banks 28 F.R.notes of other banks 167,246 Uncollected cash items 3,700,270 Bank premises 43,599 Other assets 128,057 TOTAL ASSETS Phila. Cleve. 13,114 19,450 Total U. S. Government securities 23,503,133 1646,742 Total loans and securities New York 1 12,082 227,222 2,882 7,102 4 18,922 561,263 6,324 18.765 1 7,250 144,939 3,287 6,593 Dallas SanFran. 564,182 2315,084 27,696 63.421 591,878 2378,505 15,249 9,500 37 29,631 233,500 10,086 20,711 608,897 1250,446 242,518 498,040 255;631 524.971 741,128 1099,202 1117,132 2294,168 — 744,863 1121,437 1126,669 2527,668 1 6,269 97,547 1,085 3,914 1 6,316 199,682 2,454 6.182 1 9,978 154,149 654 6.065 3 19,064 308,191 6,582 12.563 50,010,062 2718,024 13,420,569 2983,661 4210,143 3004,657 2507,037 8568,221 2093,812 1210,012 2107,076 1904,643 5282,207 l/ After deducting $20,000 participations of other Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF TEE FEDEtiAL RESERVE BANKti ON DECEMBER 2b, 1951 (In thousands of dollars) L I A B I L I T I E S Total Federal Reserve notes 25,201,824- 1547,109 Member bank-reserve accts. 20,207,504 For;?gna8Urer"6eneral Other Boston aCCt ' 610A00 269^894 825,244 New York Pbila. Cleve. Rich. 21.806 TOTAL LIABILITIES His. W 5 S S b 1 B D Mpls. Kans.Cy. Dallas SanFran. 706,676 2505,190 635,976 979,086 6,476,103 457,255 - 886 15,155 15,155 1,309 913,692 1,321 22,429 22>29 270 37,584 1/189,990 4^747 195,454 1.480 Chicago St.Louis 5,598,300 1783,054 2303,503 1803,985 1388,427 4776,410 1174,108 923,384 1529,856 47,890 3.504 56,377 4.747 855,607 30,310 2,107 7.326 1.139 2,26k 867,064 3214,540 25^60 4,267 K ^ °«cr^atii^enLand Atlanta 1.001 899 83,656 7,508 3 748,182 22^9 7,651 Rl 22,429 794 « « S 5 # w 3,602 M Mi!* Sg 5^391 37,536 % 910 1^09 49,030,576 2655,271 13,139,761 2908,571 4119,714 2951,939 2462,648 8432,246 2053,321 1183,123 2067,668 1865,652 5190,662 50,010,062 2718,024 13,420,569 2983,661 4210,143 3004,657 2507,037 8568,221 2093,812 1210,012 2107,076 1904,643 5282,207 Contingent liability on for foreign correspondents Industrial loan commitments 21,381 5,968 1,326 — 2/6,564 — 1,689 1,301 1,988 952 1,069 64 898 2,951 2,373 791 535 ~~~ 791 35 791 3 FEDERAL RESERVE AGENTS ' ACCOUNTS 646,827 1009,989 751,680 2649,108 F. R. notes outstanding 26,094,519 1571,391 5,838,719 1837,10? 2377,5% 1862,896 1447,030 4879,739 1222,485 °°toldecertlfIcates' Eligible paper U. S. Govt, securities Total collateral 12,764,000 350,000 555,805 19,450 13,850,000 1300.000 27^169^805 1669^450 4,470,000 750,000 885,000 580,000 510,000 2700,000 270,000 150,000 280,000 219,000 1600,000 197,380 23,790 — 22,440 — — 34,410 3,600 22,235 — 232,500 1,500,000 1100,000 1500,000 1300,000 950.000 2200,000 1000,000 505,000 750,000 545,000 1200,000 6,167,380 1873,790 2385,000 1902,440 1460,000 4900,000 13o4,4lO fc>50,b00 1052,235764,000 3032,500 l/ After deducting $420,097,000 participations of other Federal Reserve Banks. 2] After deducting $14,817,000 participations of other Federal Reserve Banks.
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