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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) February 1, 1951 CONDITION OF THE FEDERAL RESERVE BAMS Member Bank Reserves and Related Items During the week ended January 31, Member bank reserves increased $724 million. The principal change adding to reserves was an increase of $1,443 million in Reserve Bank credit. The principal offsetting changes were a decrease of $51 million in Gold stock and increases of $551 million in Treasury deposits with Federal Reserve Banks, $95 million in Other deposits with Federal Reserve Banks, $17 million in Money in circulation, and $16 million in Foreign deposits with Federal Reserve Banks, The increase of $1,443 million in Reserve Bank credit resulted from increases of $939 million in holdings of U. S. Government securities and of $526 million in Loans, discounts and advances, and a decrease of $22 million in Reserve Bank float. Holdings of U. S. Government securities reflected increases of $534 million in bills, $218 million in bonds, and $187 million in notes. The increase for the week of $452 million in Required reserves of member "banks reflected the higher reserve requirements which became effective dnriiig the week end which raised Required reserves Approximately $600 million. Member Bank Reserves and Related Items Jan. 31, 1951 Changes since Jan. 24, Feb. 1, 1951 1950 (In millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float * Total Gold stock Treasury currency outstanding 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) Member bank reserves Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 21,484 802 765 23,051 22,392 4,638 i l-S&vy 807 866 + 939 + 526 22 +1,443 51 17 2 + 344 + 458 +4,431 -2,003 + 39 + - 117 17 + 170 + + + 5 18,984 + 724 +2,452 18,074 910 + + 272 452 +2,540 88 - 268 - 163 340 737 456 S 95 6 * Excess of uncollected cash items over deferred availability cash items. +3,629 - 51 - 221 + l6 H.4,1(a) ; STATEMENT OF CONDITION OF IRE TWELVE fpDERAL RESERVE BANKS COMBINED (Ih thousands of dollars) Change since Feb. 1, Jan. 24, 1950 1951 Jan. 31, 1951 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 20,564,902 595,372 21,160,274 - 57,001 6,917 50,084 + • + - 2,055,530 52,129 2,003,401 Other cash 384,718 + 11,465 Discounts and advances Industrial loans U, S, Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 798,142 3,445 + + 525,826 + + 1,698,664 + 533,800 _ 2,063,018 14,820,283 4,965,425 21,484,372 + + + Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22,285,959 24 165,992 3,281,637 40,175 118,850 47,437,629 +1,465,657 -- - - 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 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 199 187,032 218,800 939,632 20,595 6,332,350 +14,162,483 2,137,875 + 3,629,240 - + 3,972,981 14 35,862 733,139 6,046 8,777 + 2,773,985 - — mm 5,700 324,772 90 + 10,330 +1,106,806 + + + + 23,026,321 + + 18,984,124 807,342 866,455 340,017 20,997,938 2,516,976 8,422 46,549,657 724,221 550,921 16,134 95,353 +1,386,629 - 302,246 + 227 +1,102,393 226,901 510,022 27,543 123,506 47,437,629 201 Ratio of gold certificate reserves to deposit and F. R, note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - 17,783 + 4,212 +1,106,806 48.1% 342,430 1,311 115,139 + 2,452,520 + 170,526 50,568 221,233 + 2,351,245 + 275,645 + 173 + 2,742,202 + + + + 1,702 857 21,849 3,028 + 2,773,905 7.6* 1.7# 27,146 3,325 12,962 + Hh 18,600 1,464 MATURITY DISTRIBUTION OF LOAMS AMD SECURITIESt JANUARY 31, 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 U, S. Government securities Discounts and advances Industrial loans 788,842 9,227 73 40 291 2,153 12,l6?728r 3,445 2,629,700 21,484,372 798,142 961 -617,099 1,08377565* 4,002,023 986,700 Sl.a-tv H.4.1(b) STATEMENT OF CONDITION OP THE FEDERAL RESERVE BANKS ON JANUARY 31, 1951 (In thousands of dollars) A S S E T S Total Gold certificates Redemptionfund for ^RESERVES cert 20,564,902 760,878 595,372 53,540 ^&&- 21,I6O,274 8l4,4l8 384,718 798,142 39,839 * Bills^' s e c u r i t i e s ' ! 698 664 Other cash Discounts and advances Industrial loans U Boston T ::: °^StiesVerDmePt ^"securities"" New York Phila. Cleve. 6,557,553 1192,379 1389,766 824,044 71,232 57,720 49,219 49.702 99,695 6,606,772 1242,081 1460,998 881,764 896,491 44l6,719 6,320 24,966 6,030 2,3^5 35,921 57,060 1 19,457 544,502 102,916 152,787 7 108,760 88,259 25,333 47,904 635,056 378,867 797,327 558,616 2471,165 15,641 39,815 8,012 35,172 ^92 14,324 16,433 — 45,871 77,325 7 257,586 63,000 45,376 77,014 4,976,60? 1347,204 2000,036 1423,706 1155,336 22,285,959 1429,437 5,393,918 1355,579 2057,097 1441,535 1179,305 3305,851 47,437,629 2548,587 6 ^ 220 211,W 33^ 366 2tkfl 2^:|to Dallas S&nFran. 594,490 357,470 762,426 533,283 2423,261 40,566 28,669 24,676 56,733 17,696 23,962 98,619 ^33 Mpls. Kans.Cy. 34,901 21,484,372 1423,117 a ^ as? as 852,328 4317,024 44,163 73,633 417,285 26 248;323 TOTAL ASSETS Rich. Atlanta Chicago St.Louis 3207,232 as as 5 $ 933 1141,152 1180,967 21,397 18,858 - a « 78,270 160,737 673,176 1008,133 1024,577 2104,096 708,540 1026,991 1024,577 2182,162 as as J: ^ 88^ 290:037 12,759,612 2849,274 3909,626 2674,146 2327,853 8368,914 1995,402 1195,110 2030,066 1751,136 5027,903 il/ After deducting $17,000 participations of other Federal Reserve Banks. 1 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 31, 1951 (in thousands of dollars) H.4.l(c) L I A B I L I T I E S Dallas SanFran. Mpls. Kans.Cy Cleve. Rich. Atlanta Chicago St.Louis 622,264 2267,271 601,556 905,840 23,026,321 1393,162 5,182,866 1627,239 2064,638 1569,557 1248,486 4469,777 1073,665 Total Boston Federal Reserve notes Deposits: Member bank-reserve accts. 18,984,124 780,795 U.S.Treasurer-general acct, 807,342 51,550 866,455 53,308 Foreign 340,017 3,467 Other Total deposits Deferred avail. cash items Other liabilities and accrued dividends 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 New York Fhila. 6,188,601 871,809 1378,990 739,106 786,116 3056,218 687,303 430,319 871,663 909,099 2284,105 122,658 1/ 270,601 272,782 49,058 67,924 3,179 69,261 79,961 5,166 68,674 42,990 2,874 51,297 172,411 36,111 118,652 584 4,157 38,295 31,813 6,602 47,698 21,495 1,270 49,761 31,813 1,609 42,538 31,813 727 44,l4l 79,974 37,600 984,177 2445,820 20,997,938 889,120 6,854,642 991,970 1533,378 853,644 874,108 3351,438 764,013 500,782 954,846 110,232 232,043 134,111 458,851 160,616 228,319 203,640 165,317 423,765 122,240 68,397 2,516,976 209,445 8,422 ro5 2,593 329 439 316 1,186 322 247 345 257 46,549,657 2492,432 12,498,952 2780,264 3827,457 2627,170 2288,227 8246,166 1960,240 1170,982 1995,142 1716,930 4945,695 5,181 8,46l 9,866 24,097 9,261 29,137 7,462 73,643 15,849 "21,702 10,001 226,901 12,241 13,168 19,047 16,852 44,519 25,167 22,369 75,345 20,295 153,290 39,710 48,014 510,022 32,246 1,073 1,137 1,307 2,140 3,349 762 1,429 521 7,319 4,489 1,006 27,543 3,011 4,706 6,279 6,181 11,452 8,459 7,234 16,837 6,884 26,408 8,962 11,447 123,506 8,657 47,437,629 2548,587 12,759,612 2849,274 3909,626 2674,146 2327,853 8368,914 1995,402 1195,110 2030,066 1751,136 5027,903 27,146 3,325 1,683 2/ 8,335 2,144 1,430 2,525 473 1,357 54 l,l4o 3,746 226 1,004 500 679 1,004 500 l,oo4 2,525 142 FEDERAL RESERVE AGENTS' ACCOUNTS F.R, notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U.S. Govt, securities Total collateral 24,027,470 1482,403 5,361,699 1694,368 2163,598 1637,997 1326,434 4591,980 1120,414 615,719 935,406 665,362 2432,090 13,119,000 440,000 4,570,000 750,000 765,000 550,000 550,000 2750,000 350,000 200,000 280,000 214,000 1700,000 69,025 607,751 6,320 415,935 6,030 — 16,596 — -39,815 35,172 18,858 1 Q 11,890,000 1100,000 1,000,000 1000,000 1425,000 1115,000 800,000 1900,000 , 900.1.000 . 450,000 ._._7OQjQGQ .-50-Qj-00.Q- W & 0 25,616,751 1546,320 5,985,935 1756,030 2190,006 1681,596 1350,000 4650,000 1289,815 685,172 998,858 714,000 2769,025 1 / After deducting $595,841,000 participations of other Federal Reserve Banks. 2/ After deducting $l8,811,000 participations of other Federal Reserve Banks.
@FedFRASER