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BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.4.1 January 18, 1951 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended January 17, Member bank reserves increased $1,085 million. The principal changes supplying reserves were an increase of $688 million in Reserve Bank credit and decreases of $215 million in Money in circulation, $168 million in Treasury deposits with Federal Reserve Banks, and $106 million in Other deposits with Federal Reserve Banks. The principal •. offsetting changes were a decrease of $52 .million, in Gold stock and an-increase of $46 million in Foreign:.deposits with Federal Reserve Banks. The increase of $688 million in Reserve Bank credit resulted from increases of $337 million in holdings of U. S. Government securities, $324 million in Reserve Bank float, and $28 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected increases of $146 million in bills, $118 million in notes, and $73 million in bonds• The increase for the week of $1,211 million in Required reserves of member banks reflected the higher reserve requirements which became effective during the week and which raised required reserves approximately $1,150 million. Member Bank Reserves and Related Items Jan. 17, 1951 Changes since Jan. lb Jan. 10, 1951 iW' (In millions of dollars) Reserve Bank credit: U. S. Government* securities Loans, discounts and advances Float * Total Gold stock Treasury currency outstanding 20,798 104 1,021 21,923 22,494 4,635 +337 + 28 +324 +688 - 52 -- +2,926 + 5 + 609 +3,5^0 -1,932 + 39 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) 27,200 1,303 105 904 209 743 -215 - 5 -168 + 46 -106 - 2 + - Member bank reserves 18,587 +1,085 +2,100 17,578 1,009 +1,211 -126 +1,9% + 152 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 952 -145 * Excess of uncollected cash items over deferred availability cash items. + - 79 12 276 6 261 24 36 H.4.1(a) STATEMENT OF CONDITION Of THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) ASSETS Gold certificates Redemption fund for F. R, notes Total gold certificate reserves Jan* 17, 1951 20,664,402 586,245 21,250,647 Jam 18, 1950 JBDU 19 1951 + - 40,002 2,570 42,572 • • - 1,981,029 38,172 1,942,857 Other cash 352,916 + 33,414 + 26,773 Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 100,358 3,301 + + 27,470 14 + + 3,731 1,200 1,257,964 + 146,100 14,793,451 4,746,925 20,798,340 + 118,300 + 72,550 4- 336,950 2,530,423 6,398,450 +14,242,751 2,387,225 + 2,926,653 Total loans and securities Due from foreign "banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 20,901,999 24 183,555 4,033,542 40,242 103,464 46,866,389 + 364,434 + 2,931,584 2,974 + 818,283 + 159 + 7,338 +1,176,082 + 20,715 + 1,064,194 + 6,219 + 1,944 + 2,108,558 23,161,401 - 179,738 + 18,587,018 105,009 904,410 209,474 19,805,911 3,012,526 6,978 +1,084,806 - 167,595 + 46,820 - 105,616 + 858,415 + 494,429 533 +1,173,639 + 2,100,225 276,284 5,229 260,462 + 1,558,250 + 455,409 1,193 226,785 510,022 27,543 115,223 46,866,389 446 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 CAPITAL 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 «. — «• - Ratio of gold certificate reserves to deposit and F. R, note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - — mm "997 +1,178,082 63,624 + 2,076,090 + + 13,596 21,849 2,977 + 2,108,558 6,6# .9# 25,911 2,417 14 - ~ 49,5$ - 869 28 + + 16,680 513 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 17, 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 98,605 1,668 85 — -— 100,358 Industrial loans 68 231 2,101 901 " __ 37301 U. S. Government securities 38^,547 872,417 12,16$,003 3,855,973 986,700 2.532,700 20,798,340 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 17, 1951 (In thousands of dollars) ASSETS Total .Gold certificates Redemption fund for F. R. notes Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 20,664,402 735,918 6,727,159 1154,635 1390,393 854,858 865,409 4263,487 581,462 347,187 769,722 567,215 2406,957 586,245 53,675 49,599 49,944 66,908 56,619 39,281 99,879 40,619 21,419 34,939 25,375 47,988 JTotal gold certificate 21,250,647 789,593 6,776,758 1204,579 1457,301 911,477 904,690 4363,366 622,081 368,606 8o4,66l 592,590 2454,945 reserves 7,208 14,093 15,602 38,947 70,664 26,027 32,134 24,886 21,585 48,507 15,963 Other cash 352,916 37,300 222 2,800 — — — 3,980 4,772 36,645 2,675 4,175 7,114 Discounts and advances 100,358 170 37,805 188 126 — — — 2,212 1 26 741 3,301 7 — Industrial loans U. S.. Govt, securities 356,185 79,152 117,505 83,645 67,877 187,632 64,100 39,936 59,230 60,197 123,621 1,257,964 18,884 Bills 14,793,451 1050,024 3,308,008 930,804 1381,856 983,661 798,240 2206,517 806,524 469,633 696,535 707,896 1453,753 Notes Bonds 4,746,925 336,932 1,061,474 298,676 443,411 315,637 256,139 708,028 258,798 150,696 223,504 227,150 466,480 - - - - - - Total IX.S.Government securities 20,798,340 1405,840 4,725,667 1308,632 1942,772 1382,943 1122,256 3102,177 1129,422 660,265 Totals loans and securities 20,901,999 1406,010 4,763,498 1315,019 1949,88? 1385,744 1127,035 3138,822 1132,222 660,675 983,249 995,243 2044,595 Due from foreign banks 24 2 EUR..notes of other banks 183,555 8,464 Uncollected cash items 4,033,542 333,343 Bank premises 40,242 1,073 Other assets 103,464 7,395 -TOTAL ASSETS 979,269 995,243 2043,854 1/ 7 2 2 1 1 3 1 1 1 1 2 26/746 8,096 10,845 41,528 16,201 20,353 9,839 5,782 8,148 8,538 19,015 751,723 253,870 425,64? 321,568 271,971 669,800 173,109 103,906 206,4l6 180,991 341,198 7,657 2,920 4,790 2,887 1,810 5,169 3,526 1,11k 2,623 677 5,996 23,026 6,215 9,956 7,015 5,428 15,638 5,390 3,214 5,057 4,875 10,255 46,866,389 2583,180 12,420,079 2816,728 3890,562 2695,106 2348,721 8261,658 1962,131 1150,506 2024,248 1798,517 4914,953 l/ After deducting $17,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 17, 1951 thousands of dollars) B 1 s i a r a a ' l a g : i ; ^ K° » %3 K « K « % H i -inieiiiiiiiiiil T T A B T L I T I E S Federal Reserve notes Total Boston 23,161,401 1400,213 New York Phlla. Cleve. Rich. Atlanta Chicago St.Louis Mpls, Kans.Cy. 5,213,930 1639,501 2083,106 1579,596 1250,520 a 9 3 , 9 3 3 1078,860 605,149 907,442 3 6 °accrueiaS"deJd3alia 6.978 " ^ I ^ M C o S r a " ™ 647 ' h3 X 2.285 X 245 to4 24§ 2^ 925 ^ Dallas Ss^Fran. 622,217 2280,934 & 122 230 285 525. 46,856,389 2583,180 12,420,079 2816,728 3890,562 2695,106 2348,721 8261,658 1962,131 1150,506 2024,248 1798,517 4914,953 Contingent liability on lEEEESoErSEbnL ^ 2J 7 52 2 2, 1 88 :- t£ $ "'t -- ^ 8 9 ™ ~ gs ~ FEDERAL RESERVE AGENTS' ACCOUNTS F.B. notes outstanding 24,267,267 1488,075 5,462,794 1702,362 2181,941 1654,250 1339,936 4627,780 1122,238 619,434 942,971 674,655 2450,831 CO 13,304,000 440,000 4,570,000 750,000 865,000 600,000 625,000 2700,000 350,000 210,000 280,000 214,000 1700,000 to!r=St!ficItes n ° t e s : s "|HEsr §tf£5 ^ » %&%%% if After deducting $613,790,000 participations of other Federal Reserve Banks. 2/ After deducting $17,959,000 participations of other Federal Reserve Banks.
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