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H.4.1 BOARD OF GOVERNORS OF TEE FEDERAL RESERVE SYSTEM (For Immediate Release) January 11, 1951 CONDITION OF TEE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended January 10, member bank reserves decreased $189 million. The principal changes reducing reserves were decreases of $644 million in Reserve Bank* credit and $160 million in gold stock. The principal offsetting changes were decreases of $273 million in Treasury deposits with Federal Reserve Banks, $270 million in Money in circulation, and $84 million in Foreign deposits with Federal Reserve Banks„ The decrease of $644 million in Reserve Bank credit resulted from decreases of $582 million in Reserve Bank float and $110 million in holdings of U. S. Government securities, and an increase of $46 million in Loans, discounts and advances * Holdings of U. S. Government securities reflected decreases of $106 million in notes and $54 million in bills, and an increase of $50 million in bonds. Member Bank Reserves and Related Items Jan. 10, 1951 Changes since Jan. 11 Jan. 3, 1950 1951 (In millions of dollars) Reserve Bank credit: U. 8. Government securities Loans, discounts and advances Float * Total Gold stock Treasury currency outstanding 76 -110 + 46 697 21,235 22,546 -160 20,461 4,635 + 1 + 315 745 + 21 230 26 17,502 -189 + 816 16,367 1,135 -118 - 71 + + 774 42 1,097 - 87 - 27,415 Member bank reserves Daily average excess reserves (estimated) -644 1,308 273 858 * Excess of uncollected cash items over deferred availability cash items. - -270 + 9 -273 - 84 + 7 - 2 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) Required reserves (estimated) Excess reserves (estimated) -582 +2,231 25 + 384 +2 ,591 -1,880 + 39 - + + - 104 5 18 71 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since Jan. 11, Jan. 3, 1950 1951 Jan. 10, 1951 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 588,815 21,293,219 + - 165,999 1,587 164,412 319,502 + 45,849 + 24,081 72,888 3,287 + 45,153 715 + 25,579 1,241 Other cash Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 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 - 1,941,027 + 40,742 - 1,900,205 20,704,404 1,111,864 53,607 14,675,151 4,674,375 20,461,390 105,920 50,400 109,127 - 3,055,616 - 6,336,450 +14,114,451 - 2,490,825 + 2,231,560 20,537,565 24 63,259 + 2,207,222 + 14 29,558 186,529 3,215,259 40,083 96,126 45,688,307 I—6429 -1,242,637 6,213 1,057 + 1,048.88s 23,341,139 - 202,903 + 93,466 17,502,212 272,604 857,590 . 315,090 18,947,496 2,518,097 6,445 44,813,177 - 188,730 - 273,839 84,442 + 6,844 - 540,167 - 504,917 + . Til -1,247,276 + + 816,536 17,816 675 + + + 18,914 -1,086,384 + C A P I T A L A C C O U N T S Capital paid in 226,339 Surplus (Section 7) 510,022. Surplus (Section 13b) 27,543 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,66#,307 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 126 + 3,964 -1,242,637 + 683,167 + + 21,254 230,094 + 625,512 + 299,362 2,877 +'1,015,463 13,803 21,849 2,230 + i,o48,b85 5.4% 50.4# + .5# 25,042 2,445 + 2,964 1,243 + + 15,571 483 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JANUARY 10, 1951 (Callable Government securities classified according to nearest call date) Discounts and advances Within 15 days 70,960 L Over 1 year to 5 years Over 5 years to 10 years Industrial loans 169 'Si x . | — -- 1,5^9 — —lejiss— U. S. Government securities - w - qAi vnn nnn s s t e o H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 10, 1951 (In thousands of dollars) A S S E T S Total Boston 20,704,404 676,649 588,815 53,782 "Total gold certificate reserves 21,293,219 730,431 Gold certificates Redemption fund for F. R. notes Other cash 33,243 319,502 72,888 Discounts and advances 1,550 — - Industrial loans 3,287 10, S. Govt, securities: 1,111,864 61,709 Bills 14,675 151 1041,628 Notes 4,674,375 331,782 Bonds 3$a£al U.S. Government securities Total loans and securities Phila. Cleve. Rich. 6,666,134 1194,171 1425,549 894,885 67,037 57,843 6,716,263 1244,308 1492,586 952,728 50,129 63,201 45,525 26 265,839 3,281,555 1,045,251 50,137 25,644 17,164 1 23,298 69,959 103,858 73,931 975,795 310,813 23,394 3,770 2,191 923,360 1370,806 294,112 436,633 75 130 Atlanta Chicago St.Louis 851,931 4211,028 Mpls. Kans.Cy. 615,233 378,916 786,495 100,034 40,651 21,432 34,963 891,292 4311,062 655,884 400,348 821,458 14,983 1,700 7,322 372 12,366 315 39,361 21,805 122 7 44,730 1,295 188 Dallas SanFran. 555,667 2447,746 25,410 48,036 581,077 2495,782 14,065 — — 35,451 1,000 744 60,617 59,994 165,840 53,206 109,263 52,351 35,297 791,856 2188,872 800,075 465,877 690,965 702,235 1442,127 252,225 697,207 254,842 148,393 220,088 223,678 459,351 20,461,390 1435,119 4,592,645 1 2 8 7 , 4 3 1 1911,297 1360,539 1104,075 3051,919 1115,534 20,537,565 1436,669 4,638,196 1293,392 1928,462 1360,744 1104,204 3053,214 1117,234 650,127 963,719 979,119 2012,485 24 Due from foreign banks F.R.notes of other banks 186,529 -Uncollected cash items 3,215,259 40,083 Bank premises 96,126 Other assets TOTAL ASSETS New York 2 7,209 260,961 1,073 6,904 1/ 7 267390 578,244 7,657 21,586 2 2 8,450 194,725 2,920 5,820 12,331 295>03 4,794 8,963 1 41,128 1 21,001 265,297 218,354 1,810 2,883 6,650 5,016 3 20,959 559,020 5,062 14,488 1 8,687 143,702 3,509 4,997 649,567 1 5,598 97,170 1,114 2,936 963,404 979,119 2010,741 1 2 181,949 145,349 2,623 677 17,885 275,085 5,961 9,53.5 l 7,681 9,210 4,786 4,445 45,688,307 2476,492 12,051,544 2773,011 3768,185 2652,729 2263,483 8008,538 1948,997 Il64,6l6 1994,583 1733,943 4852,186 l/ After deducting $17,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 10, 1951 (in thousands of dollars) H.4.1(c) Total Boston L I A B I L I T I E S 23,341,139 1411,564 Federal Reserve notes Deposits: Member bank-reserve accts. 17,502,212 736,789 272,604 14,259 U.S.Treasurer-general acct 857,590 52,427 Foreign 315,090 6,637 Other Phi la, Cleve. Rich. Atlanta Chicago St.Louis New York 1258,808 4519,254 1085,758 1 6 5 0 , 5 8 6 2098,619 1596,697 5,251,156 608,857 914,760 Dallas SanFran, 630,771 2314,309 Mpls, Kans.Cy. 727,460 15,754 42,280 4,227 727,126 2809,228 649,151 15,192 31,288 17,519 31,287 35,515 116,693 648 2,200 7,540 412,156 1/271,578 *" 242,650 616,923 1258,591 14,874 26,349 66,802 78,641 2,215 7,997 19,713 21,140 1,012 841,032 19,987 31,287 1,447 881,157 2095,234 18,350 27,117 31,287 78,653 594 37,923 900,814 1371,578 1 5 3 , 1 6 0 215,971 789,721 219,956 778,481 2959,409 187,149 408,367 705,497 122,943 454,021 77,788 893,753 151,466 931,388 2238,927 607 267 870 261 227 228 5,547,365 52,202 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 18,947,49^ 2,518,097 810,112 198,730 6,113,795 426,777 6,445 652 2,175 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,813,177 2421,058 11,793,903 2704,825 3686,775 2606,641 2224,669 7887,900 1914,459 1140,893 1960,207 1700,532 4771,315 9,637 24,032 9,148 28,987 7,428 5,160 8,393 73,482 15,766 22,146 9,933 12,227 226,339 16,852 44,519 22,369 75,345 20,295 13,168 19,047 153,290 39,710 48,014 25,167 510,022 32,246 1,307 2,l4o 762 1,429 521 1,073 1,137 7,319 4,489 1,006 3,349 3,011 27,543 5,615 10,180 6,535 14,877 6,294 4,322 5,799 23,550 8,221 10,244 7,639 111,226 7,950 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 265 231 138,194 217,596 179 483 45,688,307 2476,492 12,051,544 2773,011 3768,185 2652,729 2263,483 8008,538 1948,997 1164,616 1994,583 1733,943 4852,186 25,042 2,445 1,553 2/7,686 — — 1,978 551 2,329 473 1,252 1,052 54 3,456 228 626 927 500 927 500 927 2,329 139 FEDERAL RESERVE AGENTS' ACCOUNTS 24,397,058 1493,965 F.R. notes outstanding Collateral for F.R. notes: Gold certificates 13,304,000 440,000 Eligible paper 1,550 54,307 1100,000 U.S. Govt, securities 11,965,000 Total collateral 25,323,307 1541,550 5,477,246 1710,856 2195,131 1681,075 1348,721 4647,909 1130,242 621,346 949,261 679,122 2462,184 4,570,000 750,000 280,000 45,525 3,770 214,000 1700,000 —— 1,000 1 . 00C 1,100,000 1000,000 1350,000 1115,000 750,000 2000,000 900,000 450,000 700,000 5,00;000 1000,000 5,715,525 1753,770 2615,000 1715,075 I375,ooo 4700,000 1 2 5 1 , 7 0 0 6 6 0 , 3 7 2 9 8 0 , 3 1 5 7i4,ooo 2701,000 1 — — ~r~ -X 865,000 600,000 625,000 2700,000 — r-7r75 — — 350,000 210,000 1 Tr\f\ 1,700 372 1/ After deducting $586,001,000 participations of other Federal Reserve Banks. 2/ After deducting $17,356,000 participations of other Federal Reserve Bd.nks, 315 -"31- ^
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