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H.^,1 BOARD OP GOVERNORS OP THE FEDERAL RESERVE SYSTEM (For Immediate Release) February 6, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items T )uring the week ended February 7# Member bank reserves increased $91 million. The principal changes supplying reserves were an increase of $209 million in Reserve Bank credit, and decreases of $27 million in Other^ deposits with Federal Reserve Banks and $12 million in Treasury deposits with Federal Reserve B&nks. The principal offsetting changes were increases of $80 million in Money in circulation and $21 million in Foreign deposits with Federal Reserve Banks, and a decrease of $$1 million in Gold stock# The increase of $209 million in Reserve Bank credit resulted from increases of #208 million in Float and $157 million in holdings of U. S+ Government securities$ and a decrease of $15& million in Loans, discounts and advances. Holdings of U. S, Government securities reflected increases of #11^. million in bonds and #80 million in notes, and a decrease of $37 million in bills * The increase for the week of 3230 million in Required reserves of member banks reflected the higher reserve requirements which became effective during the week and which raised required reserves approximately $280 million# Member Bank Reserves and. Related Items eb. 7, 1951 Changes since Feb. Iff, Jan • 31# 1950 1951 (In millions of dollars) Reserve Bank credit: U« S# Government securities Loanst discounts and advances Float Total Gold stock Treasury currency outstanding 2i # 6ia 6U6 973 23,260 22,31a U»638 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 P. R* accounts (net) 27,125 1,307 795 Member bank reserves Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) + 157 156 + 208 + 209 wm 51 - - + + mm 80 6 +3,985 + 1|21 + 709 +5,111+ -2,00b + ItO + II4-O + 9 «•> 6 + 1429 17 - 215 - 12 21 27 1 19,075 + 91 +2,810 18,301+ + 230 139 +2,8^8 38 887 4 313 736 - 771 52U 4- 68 - 236 H.4.l(a) S T A T 5 W T Of COKHEECJON OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Jan. 31, Feb. K, 1951 1950 Feb. ff. 1951 A S S E T S Gold certificates Redemption fund for F. R. fates Total gold certificate reserves 20,512,903 597,305 - 51,999 + 1,933 - 2,071,528 - 50,066 + 57,275 - 2,014,253 Other cash 359,385 - 25,333 + 26,345 Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 642,905 3,579 -155,237 + 134 + + 419,609 1,457 1,661,164 - 37,500 14,899,783 -5479475 21,640,622 + 79,500 +114,250 +156,250 - 2,042,808 - 6,305,350 +14,222,283 - 1,889,225 + 3,984,900 22,287,106 + Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 21,110,208 + 4,405,966 14 + 64,184 + 829,094 + 5,894 + 14,815 + 3,332,031 1,147 24 A80r945 ,7 g J</J' - + 14,953 - 48,419 + 14 + 7,418 47,337^4^ -100,286 N.T/3 233,218 40,189 _ _ 126,268 _ _ _ L I A B I L ITT 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 23, I03y52& + 77,203 + 19,075,277 795,^35 886,919 313,378 21,071,009 2,260,607 9,333 44%-4T3\. 3 + + + + 2,809,936 + 429,365 17,354 214,518 + 3,007,429 + 120,971 + 534 + 3,303,103 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 91,153 11,907 20,464 26,639 73,071 -256,369 + 911 -105,184 227,276 510,022 27,543 128,029 w, 3 % # 0 4.7-V3 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 47.8# Contingent liability on acceptances purchased 28,035 for foreign correspondents Industrial loan commitments 2,9^7 + + 375 + 4,523 -100,286 13,199 21,849 6,120 + 3,332,031 8.6# • 3# 889 378 174,169 + + 20,506 1,148 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 7, 1951 (Callable Government securities classified according to nearest call date) 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 Discounts and advances 625,464 17,368 73 642,905 Industrial loans 44 267 2,313 955 3,579: u , S. Government securities 434,452 1,237,712 12,282,385 4,065,373 986,700 2,634,000 21,640,622 , . : SIAT^imi OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 7, 1951 (In thousands of dollars) H.4.1(b) A S S E T S Total Boston 20,512,903 747,059 597,305 53,538 Total gold certificate reserves 21,110,208 800,597 Gold certificates Redemption fund for F. R. notes Cleve. Rich. 6,627,941 1185,574 1397,499 808,463 71,228 57,713 6,677,149 1235,273 1468,727 866,176 New York 49,208 Phila. 49,699 Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran, 561,734 2427,990 590,251 360,979 768,464 99,684 42,562 21,396 34,898 882,564 4298,228 632,813 382,375 803,362 15,221 6,783 26,332 187 12,479 52,132 42,3144 811,722 472,659 276,939 161,260 77,320 701,024 239,171 838,405 4198,544 144,159 25,331 47,889 587,065 2475,879 Other cash 36,634 359,385 Discounts and advances 11,320 642,905 Industrial loans 3,579 U, S. Govt, securities;! Bills 1,661,164 21,088 Notes 14,899,783 1056,791 Bonds 5,079,675 360,550 515,247 3,340,325 1,135,881 Total U.S. Government securities 21,640,622 1438,429 4,991,453 1359,740 2018,648 1436,955 1166,088 3236,951 1131,005 686,051 1017,515 1034,111 2123,676 Total loans and securities 22,287,106 1449,749 5,349,764 1 3 6 8 , 7 2 1 2083,916 lit49,383 1 1 9 8 , 0 0 5 3333,870 1152,095 712,570 1025,875 1034,111 2129,047 Due from foreign banks 2 24 y F.R.notes of other banks 180,945^ 10,582 Uncollected cash items 3*233,218 253,918 Bank premises 1,069 40,189 Other assets 126,263 9,085 TOTAL ASSETS 67,351 358,285 26 1/ 7 2670I+6 560,919 7,638 27,861 22,903 6,525 2,456 31,198 65,268 — - 103,325 153,394 936,802 1390,761 319,613 474,493 2 6,138 232,069 2,915 7,740 2 8.999 285,586 4,781 .12,329 23.582 12,296 132 109,192 990,000 337,763 1 48,336 270,495 2,918 8,526 24,143 31,910 7 59,209 96,919 88,610 258,556 274,094 757,659 803,384 2220,736 1 12,950 206,073 1,811 6,720 21,090 1 6,657 16,337 599,024 149,174 5,144 3,504 6,723 18,758 3 1 4,777 90,673 1,112 3,956 8,360 15,951 — l 8,735 170,196 2,607 6,183 43,931 4,600 771 78,581 161,375 712,458 1463,121 243,072 499,180 1 9,096 126,324 674 5,953 ^ 2 &2+2P2 288,767 6,016 12,434 47,33T-£k$» 2 5 6 1 , 6 3 6 12,716,735 2 8 7 5 , 7 6 1 3 3 9 5 , 5 3 8 2669,417 2 3 3 2 , 2 6 7 8330,573 1966,188 1202,247 2029,438 1779,175 497&7368l/ After deducting $17,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 7, 1951 (In thousands of dollars) H.4.l(c) 1.0-70 £.9 3-1 Dallas SanFran.N Mpls, Kans.Cy. Rich. Atlanta Chicago St.Louis Boston New York Phila. Cleve. (Total L I A B I L I T I E S 623,430 2283r6TO Federal Reserve notes 23,3.03x52^ 1%00,490 5,196,372 1634,309 2072,633 1571,657 1253,542 4477,739 1075,759 604,241 909,682 Deposits: Member bank-reserve accts. 19,075,277 788,049 6,253,754 884,443 1371,754 760,465 817,748 3058,617 683,712 437,758 871,563 937,767 2209,627 34,386 63,054 37,573 179,914 35,320 44,066 50,035 53,263 118,694 42,990 92,109 44,031 U.S.Treasurer-general acct. 795,435 32,534 81,787 36,931 121,343 32,534 21,983 32,534 54,517 1/277,551 69,465 81,775 43,965 886,919 Foreign 857 36,781 609 2,203 7,494 1.240 2,747 4,615 245.392 3,182 5,496 2,762 313,378 Other Total deposits 21,071,009 2,260,607 Deferred avail.cash items Other liabilities and accrued dividends , ^$ 9.333 /. k6,k^Kj^fS TOTAL LIABILITIES 227,276 Capital paid in 510,022 Surplus (Section 7) 27,543 Surplus (Section 13b) 128,029 Other capital accounts •EOTAL LIABILITIES AND 47,33^7343 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 28,035 2,947 900,444 6,895,391 1000,080 1551,134 851,223 892,861 3362,077 759,060 505,047 956,899 1005,544 2391,249 360,386 171,526 188,040 198,806 145,612 365,966 95,634 68,377 127,321 115,376 220,098 203,465 2,811 690 511 1,104 445 377 1,318 280 328 303 336 V 830 2505,089 12,454,960 2806,426 3812,911 2622,131 2292,392 8207,100 1930,733 1177,968 1994,230 1744,686 4895T#7 24,098 9,271 29,195 7,482 5,l8o 8,488 9,940 12,259 73,722 15,906 21,721 10,014 32,246 153,290 39,710 48,014 25,167 22,369 75,345 20,295 13,168 19,047 16,852 44,519 2,l40 762 1,429 521 1,073 1,137 1,307 3,011 7,319 4,489 1,006 3,349 11,764 7,473 17,504 7,157 4.858 6,536 6,390 9,031 27,444 9,230 11,886 8,756 2561,636 12,716,735 2875,761 3895,538 2669,417 2332,267 8330,573 1966,188 1202,247 2029,438 1779,175 49787368S.l 6E 1,738 2/ 8,607 2,215 1,589 2,607 473 1,402 54 1,178 3,869 224 1,037 701 1,037 495 1,037 2,607 112 FEDERAL RESERVE AGENTS' ACCOUNTS F.R, notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 23,987,623 1482,629 5,364,770 1689,407 2164,484 1638,743 1321,512 4585,695 1114,419 615,110 938,604 661,125 2411,125 13,029,000 443 608 440,000 11,320 11,890,000 1100,000 4,570,000 355,635 750,000 6,525 765,000 550,000 -- 11,746 1,000,000 1000,000 1425,000 1115,000 550,000 2710,000 - - 300,000 21,090 800,000 1900,000 900,000 200,000 280,000 214,000 1700,000 450,000 700,000 500,000 1000,000 26,332 8,360 - 2,600 25,362,608 1551,320 5,925,635 1756,525 2190,000 1676,746 1350,000 4610,000 1221,090 676,332 988,360 714,000 2702,600 1/ After deducting $609,354,000 participations of other Federal Reserve Banks. 2/ After deducting $19,428,000 participations of other Federal Reserve Banks,
@FedFRASER