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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) February 15, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended February 14, Member bank reserves decreased $123 million. The principal changes reducing reserves were a decrease of $81 million in Gold stock, and increases of $69 million in Treasury deposits with Federal Reserve Banks, $34 million in Money in circulation, and $29 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $70 million in Reserve Bank credit and a decrease of $15 million in Treasury cash holdings. The increase of $70 million in Reserve Bank credit resulted from increases of $252 million in Float and $167 million in holdings of U. S. Government securities, and a decrease of $348 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected increases of $122 million in in bonds, $39 million in bills, and $6 million in notes. Member Bank Reserves and Related Items Feb. 14, 1951 Changes since Feb. 7, Feb. 15, 1951 1950 (In millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float •• Total Gold stock Treasury currency outstanding 21,808 298 1,225 23,330 22,260 4,637 +167 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) 27,159 1,292 864 + 34 - 15 Member bank reserves Required reserves (estimated) Excess reserves (estimated) Dally average excosfl reserves (estimated) -348 +252 + 70 - 81 - 1 +4,027 + + 29 694 +4 ,749 -2,083 + 39 + - 166 21 193 25 218 6 + 69 + 29 + + 734 - 3 "» 2 + 18,952 -123 +2 ,552 18,226 726 - 78 - 45 +2 ,843 291 603 + 79 - 916 310 - 123 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE B A M S COMBINED (in thousands of dollars) Change since Feb. 15, Feb. 7, 1950 1951 Feb, l4, _JL25i A S S E T S Gold certificates Redemption fund for F. R. notes • Total gold certificate reserves 20,430,903 21,025,186 - 2,153,527 + 54,256 - 2,099,271 - 82,000 - 3,020 - 85,020 Other cash 367,001 + 7,616 + 38,188 Discounts and advances Industrial loans U. S, Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 29^,335 3,520 -348,570 59 + + 27,789 1,377 4- 38,500 - 2,124,985 14,905,683 + 5,900 +122,500 21,807,522 +166,900 +14,200,083 - 1,718,125 + 4,026,123 22,105,377 24 -181,729 + 4,055,289 1,699,664 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets ' TOTAL ASSETS •40,336 133, W 48,047,822 - 27,538* +992,402 + 147 + 7,201 +713,079* 14 + 40,209 + 1,029,970 + 6,047 + 17,287 + 3,087,705 23,096,697 - + 18,951,706 864,079 916,241 310,394 21,042,420 -123,571 + 68,644 + 29,322 - 2,984 - 28,589 +740,175 + 1,114 +708,473* 150,807 4,225,620 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 3,000,782 10,447 47,150,346 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 - 6,330,850 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments * February 7 figures revised + 4,368 +713,079* 169,123 + 2,552,170 + 1193,164 + 25,861 217,893 + 2,553,302 + 335,812 + 772 + 3,059,009 + + 238 227,514 510,022 27,543 132,397 48,047,822 4,227* 13,291 21,849 6,444 3,087,705 8.2# 47.6$ 28,734 3,021 + 4- % MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 14, 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 277,177 17,128 30 Industrial loans 180 144 2,223 973 U. S, Government securities 594,933 1,104,731 12,306,785 4,154,473 986,700 2,659,900 294,335 3,520 21,807,522 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 14, 1951 (in thousands of dollars) A S S E T S Total Gold certificates R F? e S' t mtef U n a f ° r Mpls. Kans.Cy, Dallas SanFran. 20,430,903 715,646 6,567,370 1192,277 1374,778 821,584 872,483 4151,740 589,211 385,454 757,417 555,478 2447,465 594,285 Boston 53,279 T °reserves c e r t i f i c & — 21,025,188 768,925 Other cash Discounts and advances Industrial loans EE T °securitie8 VerDment 'j '567,001 2#,335 3,520 38,269 22,170 — New York 48.225 Phila. 49,284 Cleve. 70,918 Rich. Atlanta Chicago St.Louis 57.707 6,615,595 124l,56l 1445,696 879,291 69,049 118,610 26 : 22,941 5,755 2,434 35,147 29,537 — 1 23,214 16,050 124 : 43,933 99,377 42,453 &W&8 3^810 916,4l6 4251,117 631,664 406,802 792,227 22,716 15,760 37 59,572 22,975 — 2 15,48? 26,925 — 6,860 18,497 l8 5 12,069 6,256 — i:li liS !:! I l £:1 I:S 1:1 25,263 47,688 580,741 2495,153 15,441 — "" 46,236 H,800 714 ill 21^807,522 1442,838 5,051,031 1371,500 2036,107 1449,383 1176,173 3264,828 1118,619 685,631 1026,315 1043,055 2142,042 -1 fr °Becurities&P" 22,105,377 1465,008 5,169,667 1379,689 2065,644 1465,557 1191,970 3287,803 1145,5** 704,313 1032,571 1043,055 2154,556 TOTAL ASSETS 48,047,822 2593,221 12,692,075 2923,834 3976,095 2740,513 2415,760 8498,528 2001,425 1232,291 2050,819 1844,231 5079,030 sgggKjjj @ ### # if 4 4 li 4 1/ After deducting $17,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 14, 1951 (in thousands of dollars) H.4.1(c) Rich, Atlanta Phila. Cleve. New York Total Boston L I A B I L I T I E S 1565,353 1244,072 1638,791 2076,986 23,096,697 1403,989 5,195,858 Federal Reserve notes Deposits: 770,594 841,768 Member bank-reserve accts. 18,951,706 785,708 6,022,468 874,298 1389,915 98,691 62,497 103,507 62,532 43,568 57,656 864,079 U.S.Treasurer-general acct. 45,100 37,884 71,258 83.886 916,241 55,92^ 1/291,143 Foreign 3,499 733 1,723 3,211 248,272 4,08l 310,394 Other Total deposits Deferred avail, cash items Other liabilities and accrued dividends TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13"d) Other capital accounts TOTAL LIABILITIES AMD CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 6,660,574 1009,776 1580,519 881,725 569,636 205,131 234,512 245,269 228,299 21*042,420 903,369 3,000,782 10,447 734 3,165 518 937 560 Chicago St.Louis 4480,212 1072,564 Dallas SanFran. ans.Cy. Mpls. Kans.C 603,291 904,858 619,732 2290,991 3079,142 687,008 149,357 39,359 124,476 33,374 455,680 59,597 22,550 1.388 873,974 951,571 2219,580 46,509 84,063 56,743 33,374 83,898 33,374 692 35,704 2,239 923,953 3355,611 765,957 126,854 539,215 65,002 966,330 1032,146 2423,245 143,785 157,213 280,854 353 J2l 2,636 207,162 537,065 450 1,468_ 6,216 375 419 1,114 1207,862 2015,348 1809,510 4996,204 47,150,346 2536,391 12,429,233 2854,216 3892,954 2692,907 2375,637 8374,356 1965,728 9,960 24,107 5,182 8,508 21,787 10,028 9,281 29,222 7,506 15,914 73,750 227,514 12,269 16,852 44,519 13,168 19,047 48,014 25,167 22,369 75,345 20,295 39,710 153,290 510,022 32,246 1,307 2,l4o 1,073 1,137 1,006 3,349 762 1,429 521 4,489 7,319 27,543 3,011 6,602 12,060 5,00b 6,779 12,334 9,062 7,711 18,176 7,375 28,483 9,505 132,397 9>304 48,047,822 2593,221 12,692,075 2923,834 3976,095 27«K>,513 2415,760 8498,528 2001,425 1232,291 2050,819 1844,231 5079,030 28,734 3, 021 1,782 2/ 8,821 2,270 2,672 1,437 1,611 473 54 1,207 - 3,965 1,063 719 224 1,063 495 1,063 2,672 164 FEDERAL RESERVE SSBBiW- # # B E T S F.R. notes outstanding Collateral for F.R, notes: Gold certificates Eligible paper U.S. Govt, securities Total collateral 23,976,632 1479,900 5,380,380 1689,239 2162,346 1630,950 1324,706 4571,448 1117,361 614,426 300,000 200,000 280,000 214,000 1700,000 6,256 11,500 18,497 26,925 000 700,000 500, 000J.000.000 45oj 900,000 2190,oooTSSo,750 13-50,oooTSTo,000 1226,925 "558,497 986,256) 714,000 2711,500 440,000 4,570,000 750,000 765,000 550,000 550,000 2710,000 5,755 — 15,750 220,763 22,170 113,910 11,890,000 1100,-000 , 1,000^000 1000.000 1425,000 1115,000 800,000 1900,000 13,029,000 937,567 660,999 2407,310 Reserve Banks. 1 / After deducting $625,086,000 participations of other Federal Reserve Banks. 2/ After deducting $19,913,000 participations of other Federal
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