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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate R e l e a s e ) J u l y 19, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and R e l a t e d Items During the week ended J u l y 18, Member bank r e s e r v e s i n c r e a s e d $16 m i l l i o n . The p r i n c i p a l changes supplying r e s e r v e s were an i n c r e a s e of $338 m i l l i o n i n Reserve bank c r e d i t , and d e c r e a s e s of $112 m i l l i o n i n Money i n c i r c u l a t i o n and $43 m i l l i o n i n Foreign d e p o s i t s w i t h Federal Reserve Banks. The p r i n c i p a l o f f s e t t i n g changes were i n c r e a s e s of $359 m i l l i o n i n Treasury d e p o s i t s w i t h Federal Reserve Banks and $119 m i l l i o n i n Other d e p o s i t s w i t h Federal Res e r v e Banks. The i n c r e a s e of $338 m i l l i o n i n Reserve bank c r e d i t r e s u l t e d from i n c r e a s e s of $285 m i l l i o n i n F l o a t and $63 m i l l i o n i n Loans, d i s c o u n t s and advances, and a d e c r e a s e of $11 m i l l i o n i n U. S . Government s e c u r i t i e s . Holdings of U. S. Government s e c u r i t i e s r e f l e c t e d a decrease of $65 m i l l i o n i n b i l l s , and an i n c r e a s e of $54 m i l l i o n i n n o t e s . Member Bank Reserves and Related Items July 18, 1951 Change since July 19. July 11, 1950 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,081 305 1,218 24,605 21,758 4,656 752 + - + 766 +359 - 43 +119 - 2 + 19,380 + 16 +3., 2 2 > 18,430 950 - 10 + 26 +2.,903 + 320 875 4. kq + Member bank reserves - - — «• 27,781 1,296 Daily average excess reserves (estimated) +285 +338 + 1 +5 ,212 + 103 + 814 +6 ,130 - 2 ,449 + 50 -112 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) - 11 + 63 612 867 316 - 14 87 334 55 38 212 H*4*l( a ) STATEMENT OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( i n thousands of d o l l a r s ) July 11, J u l y 18, 1951 ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F. R. notes Total gold c e r t i f i c a t e reserves 19,845,433 661,216 20,506,619 + Other cash 326,842 + Discounts and advances Industrial loans U. S. Government s e c u r i t i e s : Bills Certificates Notes Bonds Total U. S . Government s e c u r i t i e s 299,626 + - 572,472 3,193,792 13,493,248 5,822,102 23,061,614 Total loans and s e c u r i t i e s Due from f o r e i g n banks F. R. notes of other banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 23,386,736 38 157,901 3,821,473 41,938 170,330 4S,411,B77 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 d e p o s i t s Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid i n Surplus (Section 7 ) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold c e r t i f i c a t e reserves t o deposit and F. R. note l i a b i l i t i e s combined Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents Industrial loan commitments 611,817 867,206 + 2,603,659 14,434 -2,583,028 + 138,871 -2,444,157 + 76,525 63,319 169 + + 100,093 2,817 65,078 -3,056,775 + 415,242 +7,317,543 + 536,102 +5,212,117 54,OOQ - - - 11,of# + 52,072 + + + + + + + - 316,226 21,175,639 2 4,819 4,917 — 23,654,111 19,380,390 1950 22,594 5,496 + 4+ 7,954 619,338 +5,315,027 + 14 + 17,369 + 665,501 + 6,500 + 84,480 +3,721,2$ 76,103 + 785,706 16,144 +3,223,081 + 86,3# 18,887 522,478 170 1 359,313 43,171 119,287 451,573 237,300 844 47,447,843 613,614 232,480 509 27,5*43 193,989 5 T O T 5,215 619,338 510,022 1+5.7# 27,535 3,790 July 19, 1951 2 86 334,441 + 55,530 +3,030,513 148,719 + 5,582 +3,673,052 + 12,#0 + 21,81# + 13,888 - 10,3# + 21,611 +3,721,259 + 2,419 MATURITY DISTRIBUTION CF LOANS AND SECURITIES, JULY 18, 1951 (Callable Government s e c u r i t i e s c l a s s i f i e d according t o nearest c a l l date) Discounts and advances Within 15 days 16 t o 90 days 91 days t o 1 year Over 1 year t o 5 years Over 5 years t o 10 years Over 10 years Total @86,339 13,21# — — — 299,626 Industrial loans 735 579 U« S. Government securities 646 — — 1,755,983 4,713,622 7,591,359 4,878,166 1,031,904 3,110,580 5,496 23,081,614 3,536 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 18, 1951 ( I n thousands of d o l l a r s ) A S S E T S Total Gold c e r t i f i c a t e s f 19,845>03 °r 661.216 certificate ^ ^ Boston New York 638,598 6,560,625 60.457 57.511 Phila. Cleve. Rich. Atlanta 1151,955 1458,929 798,9^8 812,629 4l66,710 487,338 298,838 684,334 61.698 48.484 111.613 46.348 23.899 35.978 55.860 75.583 Chicago S t . L o u i s loans securlties: "• D a l l a s SanFran. 434,714 2351,785 26.415 55,330 619 699,055 6,618,156 1207,815 1534,512 860,646 861,113 4278,343 533,686 322,737 720,312 463,129 2407,115 snsr-— ss a ts 1$: i:g E'""' 4S5 IS ;-li §1 It « Industrial Mpls, Kans.Cy. 5,496 572)472 — 25 3,744 473 100 233 ... 200,005 35,517 52,727 37,533 30,458 as ;:§ 'is ts sg : S1 Si i l fes 150 84,194 5,058 17,920 — 26,578 50 721 27,012 55,470 TO securitieBGOTerCme°" 23,081,614 1588,488 5,242,530 1451,792 2155,306 1534,234 1245,029 3441,545 1232,234 732,495 1086,398 1104,119 2267,444 T °s^liltS8a'4 23,386,736 1595,963 5,434,270 1457,951 2157,729 1538,379 1246,617 3471,165 1242,372 739,920 1090,858 1106,445 2305,067 'II i l "II i l i l 11 ilI if "111II i i TOTAL ASSETS 4 8 , 4 1 1 , 8 7 7 2702,735 1 2 , 9 2 8 , 0 1 7 2926,642 4113,769 2747,544 2391,412 8490,819 1977,465 1194,748 2063,296 1767,970 5107,460 1 / A f t e r deducting $ 2 6 , 0 0 0 p a r t i c i p a t i o n s of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS OK JULY 18, 1951 (In thousands of d o l l a r s ) 6.4.1(c) L I A B I L I T I E S Total Boston 23,654,111 1458,672 Federal Reserve n o t e s Deposits: Member bank-reserve a c c t s . 19# 380,390 853,689 29,796 U.S.Treasurer-general a c c t . 6ll,8l7 52,985 Foreign 867,2G6 Other Total deposits Deferred a v a i l , cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES "Capital p a i d i n i-Swplus ( S e c t i o n J) Surplus ( S e c t i o n 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents I n d u s t r i a l l o a n commitments 21,175,639 2,603,659 940,867 240,059 14,434 1,824 New York Phila. Cleve. Rich. Atlanta Chicago S t . L o u i s Mpls. Kans.Cy. Dallas SanFran. 5,294,450 1675,679 2152,437 1586,115 1273,103 4595,647 1082,268 606,974 918,379 636,267 2374,120 6,282,344 151,415 1/274,957 ' — 872,979 1480,009 64,419 53,903 79,478 67,513 4,070 1,992 6 , 9 6 3 , 4 7 7 1006,903 1617,460 388,319 169,118 253,205 3,921 680 1,383 795,216 811,887 3121,824 671,755 433,869 893,200 887,721 2275,897 35,529 42,730 2,662 876,137 232,760 729 34,752 35,893 2,958 75,857 117,935 2,479 23,253 31,620 8,398 21,365 885,490 3318,095 735,026 479,619 2,098 553 477 188,676 441,291 120,210 617 23,315 42,602 1,070 760 31,620 34,025 31,620 519 42,951 79,490 32,160 968,182 953,885 2430,498 81,167 137,645 138,968 212,241 512 566 1,074 47,447,843 2641,422 12,650,167 2852,380 4024,485 2695,741 2347,886 8357,131 1938,057 1168,237 2024,718 1729,686 5017,933 10,178 9,514 29,676 7,959 5,265 8,737 10,510 24,610 232,480 12,336 74,856 16,557 22,282 510,022 32,246 153,290 39,710 48,014 193,989 13,720 42,385 13,506 17,982 27,543 3,011 7,319 4,489 1,006 25,167 3,349 13,109 22,369 762 10,881 75,345 1,429 27,238 20,295 521 10,633 13,168 1,073 7,005 19,047 1,137 9,657 16,852 1,307 9,615 44,519 2,l4o 18,258 48,411,877 2702,735 12,928,017 2926,642 4113,769 2747,544 2391,412 8490,819 1977,465 1194,748 2063,296 1767,970 5107,460 27,535 3,790 1,711 2/8,407 2,181 1,179 2,567 944 1,380 48 1,160 3,809 453 1,021 690 1,021 470 1,021 2,567 696 FEDERAL RESERVE AGENTS' ACCOUNTS F . R. notes outstanding C o l l a t e r a l f o r F.R. n o t e s : Gold c e r t i f i c a t e s E l i g i b l e paper U. S . Govt, s e c u r i t i e s Total c o l l a t e r a l 24,718,218 1507,116 5,575,296 1752,522 2271,311 1656,428 1361,483 4684,401 1131,305 622,348 951,891 686,901 2517,216 12,184,000 350,000 4,470,000 700,000 775,000 480,000 510,000 2560,000 250,000 150,000 280,000 159,000 1500,000 263,690 7,475 191,515 2,415 — 3,645 — — 10,138 7,275 4,325 — 36,902 13,225,000 1200,000 1,200,000 1100,000 1500,000 1215,000 900,000 2200,000 975,000 490,000 700,000 545,000 1200,000 25,672,690 1557,475 5,861,515 1802,415 2275,000 1698,645 1410,000 4760,000 1235,138 647,275 984,325 704,000 2736,902 1 / A f t e r deducting $592,238,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 2 / A f t e r deducting $ 1 9 , 1 2 8 , 0 0 0 p a r t i c i p a t i o n s of other Federal Reserve Banks.
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