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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 8.4.1 (For Immediate Release) January 25, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended January 24, Member bank reserve balances decreased $327 million. The principal changes reducing reserves were decreases of $315 million in Reserve Bank credit and $51 million in Gold stock and increases of $151 million in Treasury deposits with Federal Reserve Banks and $36 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $172 million in Money in circulation and $5^ million in Foreign deposits with Federal Reserve Banks. The decrease of $315 million in Reserve Bank credit resulted from de- creases of $253 million in holdings of U. S. Government securities and $23^ million in Reserve Bank float, and an increase of $172 million in holdings of Loans, discounts and advances, Holdings of U* S. Government securities reflected decreases of $160 million in notes, $93 Million in bills, and $.3 million in bonds. Member Bank Reserves and Related Items Jan. 24, 1951 Changes since Jan. 25; Jan. 17, 1950 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float * Total Gold stock Treasury currency outstanding 20,51+5 276 787 21,608 22,44-3 4,635 -253 +172 -234 -315 - 51 +2,781 + 153 + 373 +3,308 -1,982 + 39 -172 + + Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits vith.F..R, Banks Other deposits with F. R. Banks Other F. R. accounts (net) 27,028 Member bank reserves 18,260 -327 +1,841 17,622 638 + 44 -371 +2,005 - 164 724 -228 - Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 1,303 256 850 2*4-5 743 +151 - 54 + 36 * Excess of uncollected cash items..over deferred availability cash items. 115 18 283 84 229 22 100 H.4.1(a) , STATEMENT OF CONDITION OF THE TWELVE fEDERAL RESERVE BANKS COMBINED >i ;1 * thousands of dollars) Change since Jan. 17, Jan. 25, 1951 1950 Jan. 24, 1951 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves - 42,499 - 2,028,528 21,210,358 - 40,289 + 40,659 - 1,987,869 Other cash 373,253 + 20,337 + 20,617 Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 272,316 3,246 + 171,958 55 + 151,895 1,156 - - 2,519,923 - 6,398,450 +14,082,551 - 2,383,025 + 2,781,153 20,621,903 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS + 2.210 1,164,864 14,633,251 4,746,62^ 20.544.740 - 160,200 300 - 253,600 20,820,302 24 171,692 3,606,409 40,265 - 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 81,697 - 11,863 - 427,133 + 23 108,520 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 93,100 + 5,056 + 2,934,204 14 + 17,042 + 850,207 + 6,057 2,302 + 1,842,546 46,330,823 - 535,566 23,008,538 - 152,863 + 18,259,903 256,421 + * + - 327,115 151,412 54,089 35,190 194,602 193,304 1,217 539,552 + 1,840,407 282,733 83,224 229,524 + 1,244,926 + 477,257 850,321 244,664 19,611,309 2,819,222 ,8.1?5 45,447,264 85 226,700 510,022 27,543 119,294 46,330,823 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments ±_Jh°Tl - 535,566 49,8$ 1,860 + 1,810,432 + 13,100 + 21,849 2.835 + l,t»2,5i>6 6.4# .3% 25,444 2,468 90,109 467 51 16,413 543 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 24, 1951 (Callable Government securities classified according to nearest call date) Discounts and advances Within 15 days 16 to 9 0 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total 267,417 4,812 87 272,316 Industrial loans 62 U. S. Government securities 355,174 219 809,690 899 12,007,303 3,853,473 3,246 2,532,400 20,544,740 2,066 986,700 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 24, 1951 (in thousands of dollars) A S S E T S Total Boston 20,621,903 677,644 588,455 53,546 Total gold certificate reserves 21,210,358 731,190 Gold certificates Redemption fund for F. R. notes Other cash 39,213 373,253 Discounts and advances 272,316 3,170 Industrial loans 3,246 U. S. Govt, securities; 1,164,864 Bills 4,582 Notes 14,633,251 1038,653 Bonds 4,746,625 336,911 — — Total U . S . Government securities 20,544,740 1380,146 Total loans and securities 2 5,860 318,474 1,073 7,718 46,330,823 2486,846 Phila. Cleve. Rich. 6,850,322 1192,730 1399,016 850,888 49,240 71,240 55,726 6,899,562 1242,438 1470,256 906,614 70,388 57,935 26 342,367 3,272,185 1,061,407 4,675,959 49,708 V 7 20,330 626,305 7,657 24,227 Atlanta 743,500 549,547 2385,256 99,712 40,571 21,399 34,905 25,336 47,904 905,512 4260,687 623,791 383,860 778,405 16,996 12,150 8,466 21,322 186 14,305 5,748 39,168 73,294 108,808 920,724 1366,892 298,658 443,382 77,454 973,009 315,617 62,854 789,596 256,123 2 — — — — * mm 36,980 464,547 707,982 1108,573 3064,351 1116,290 1372,459 1125,642 3162,520 1128,440 2 1 1 9,001 44,576 16,662 338,228 279,775 268,733 2,916 1,809 4,790 10,438 7,151 5,749 12,382,396 2794,667 3821,191 52,965 98,169 59,718 797,790 258,782 1292,676 1919,082 1366,080 Dallas SanFran. 362,461 26,240 17,062 7 6,223 210,609 2,915 6,599 Mpls. Kans.Cy. 583,220 27,416 6,250 129 1957,673 Chicago St.Louis 866,344 4160,975 30,803 38,590 1 25,829 5,220 2,156 20,820,302 1383,316 4,733,920 1300,052 Due from foreign banks 24 F.R.notes of other banks 171,692 Uncollected cash items 3,606,409 Bank premises 40,265 Other assets 108,520 TOTAL ASSETS New York 173,746 2182,623 3 l 18,765 8,118 574,844 5,169 178,333 3,526 16,089 2640,908 2350,348 8091,042 574,883 2433,160 16,425 — «* — • mm mm 44,207 6,700 741 223,490 114,472 1438,010 227,136 466,450 652,214 967,329 983,108 2018,932 673,722 973,077 983,108 1 6,354 102,934 1,114 3,421 1 1 7,366 201,123 2,623 5,305 8,248 20,189 677 5,223 320,539 5,996 10,849 150,687 54,847 55,742 688,992 700,230 1964,956 1179,872 1982,205 1/ After deducting $17,000 participations of other Federal Reserve Banks. 186,512 2026,373 2 1775,077 4861,315 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 24, 1951 (in thousands of dollars) H.4.l(c) Total Boston L I A B I L I T I E S 23,008,538 1392,684 Federal Reserve notes Deposits: Member bank-reserve accts. 18,259,903 743,320 256,421 554 U.S.Treasurer-general acct 850,321 52,415 Foreign 244.664 5,343 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 Phila• Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SariFran, 619,021 2264,866 5,181,348 1628,709 2072,811 1563,880 1237,624 4471,387 1070,993 602,151 903,064 921,953 2143,744 5,786,858 860,994 1333,438 757,462 796,143 2951,887 670,631 446,023 847,450 568 1,243 580 2;095 500 589 225 508 248,699 283 577 31,280 78,635 35,507 116,665 31,280 21,135 31,280 1/264,445 66,787 78,622 42,270 517 38,792 2!445 540 2,163 7,411 2,520 470 175.863 1,686 6,914 802,757 834,285 3071,215 709,911 469,903 879,708 954,318 2262,414 19,611,309 801,632 6,475,865 929,750 1419,551 227,241 238,792 425,250 148,761 83,5^5 164,367 167,343 251,675 463,015 167,123 246,136 2,819,222 235,974 1,159 2,535 2594,204 2311,029 7969,011 1929,972 1155,881 1947,417 1741,046 4779,761 45,447,264 2430,832 12,122,763 2725,893 3739,455 9,860 24,091 5,171 8,433 9,992 9,212 29,103 7,443 73,642 15,835 21,682 226,700 12,236 16,852 44,519 13,168 19,047 25,167 22,369 75,345 20,295 153,290 39,710 48,014 510,022 32,246 1,307 2,140 1,073 1,137 3,349 762 1,429 521 7,319 4,489 1,006 27,543 3,011 6,012 10,8Q4 4,579 6,171 8,lQo 6,976 16,154 6,725 25.382 8,740 11,034 119,294 8,521 46,330,823 2486,846 12,382,396 2794,667 3821,191 264o,908 2350,348 8091,042 1964,956 1179,872 1982,205 1775,077 4861,315 25,444 2,468 1,578 2/7,809 ~ — 2,010 573 2,366 473 1,272 54 1,069 3,512 226 942 500 636 942 500 942 2,366 142 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U.S. Govt, securities Total collateral 24,11,5,619 1488,825 5,420,003 1692,588 2175,680 1638,991 1333,103 4611,706 1119,7"* 617,082 938,523 668,606 2440,768 13,244,000 440,000 4,570,000 750,000 765,000 600,000 625,000 2750,000 -E: aas 350,coo 200,000 280,000 214,000 1700,000 1/ After deducting $585,862,000 participations of other Federal Reserve Banks. 2/ After deducting $17,635,000 participations of other Federal Reserve Banks.
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