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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4,1 (For Immediate Release) July 26, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended July 25; Member bank reserves decreased $292 million. The principal changes reducing reserves were a decrease of $542 million in Reserve Bank credit, and an increase of $13 million in Foreign deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $188 million in Treasury deposits with Federal Reserve Banks and $75 million in Money in circulation. The decrease of $542 million in Reserve Bank credit resulted from decreases of $296 million in Float, $221 million in Loans, discounts and advances, and $24 million in U. S. Government securities, the last mentioned reflecting a decrease of the same amount in bills. Member Bank Reserves and Related Items July 25, 1951 Change since July 26 July 18, 1950 1951 (In millions of dollars) Reserve Bank credit: U. S, Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,057 84 922 24,063 21,759 4,658 - 24 -221 -296 -542 + 1 + 2 +5.,093 269 + 603 +5;,427 -2,,398 + 53 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) 27,706 1,305 424 . 880 311 767 - 75 + 9 -188 + 13 - 5 + 1 + 791 10 80 294 46 + 42 - Member bank reserves 19,088 -292 +2 j,673 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 18,430 658 -292 +2;,845 172 810 - 65 + * w 110 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) July 25, 1951 ASSETS Gold certificates Redemption fund for F» R. notes Total gold certificate reserves 19,845,403 658,846 20,504,249 Other cash Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 72,347 78,082 -221,544 + 323 + 272,254 3,143 548,272 3,193,792 13,493,248 - 24,200 23,057,414 - 24,200 -3,509,275 + 415,242 +7,362,248 + 825.002 +5,093,217 23,141,315 38 -245,421 ACCOUNTS + 7,757 -571,823 +4,824,106 + 14 + 26,258 + 453,955 + 6,555 3,249,650 42,101 178,226 47,61b,163 + 7,896 -793,714 + 23,601,818 - 52,293 + 833,088 19,087,568 423,532 879,607 310,738 20,701,445 2,327,933 17,283 46,648,479 -292,822 -188,285 +2,672,536 80,463 - 294,462 -474,194 +2,343,386 - 148,883 + 5,664 +3,033,255 LIABILITIES CAPITAL -2,528,027 + 136,313 -2,391,714 + 165,658 Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 2,370 2,370 + 10,084 5,822,102 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 - 336,926 5,819 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS Change since July 18, July 26, 1951 1950 232,541 510,022 27,543 199,578 47,618,163 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + 163 + 12,401 -275,726 + 2,849 -799,364 61 -793,714 46.3% + 27,729 3,710 + + 45,775 + + 12,392 21,849 + 13,324 +3,080,820 ,6# 194 80 89,299 +3,080,820 9.4$ + + 19,810 2,284 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 25. 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 Digitized forTotal FRASER Discounts and advances 62,834 15,196 52 — -— 78,082 Industrial loans 822 561 3,791 645 5,819 U, S. Government securities 1,779,283 4,666,122 7,591,359 4,878,166 1,031,904 3,110,580 23,057,414 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 25, 1951 (In thousands of dollars) ASSETS Total Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 19,845,403 615,844 6,561,064 1132,395 1431,843 789,109 813,699 4234,056 498,563 311,901 686,073 432,573 2338,283 658,846 Boston 60,326 New York 57,055 Phila. 55,649 Cleve. 75,435 Rich. Atlanta 60,665 48,361 111,585 46,291 23.891 35,942 28,409 55.237 20,504,249 676,170 6,618,119 1188,044 1507,278 849,774 862,060 4345,641 544,854 335,792 722,015 460,982 2393,520 Other cash 336,926 35,615 58,983 20,020 23,452 17,654 26,947 63,966 17,270 8,248 11,606 14,628 38,537 1,075 7,267 1,991 15,777 Discounts and advances 78,082 7,992 13,353 11,065 3,175 3,315 2,832 6,270 3,970 Industrial loans 5,819 — 25 3,823 473 267 311 — — 149 — 50 721 U. S. Govt, securities: Bills 548,272 20,234 199,156 30,470 45,236 32,200 26,131 72,232 19,732 15,374 22,802 17,116 47,589 Certificates 3,193,792 226,692 714,174 200,953 298,332 212,365 172,334 476,370 174,122 101,390 150,377 152,829 313,854 Notes 13,493,248 957,737 3,017,266 848,995 1260,405 897,207 728,082 2012,585 735,639 428,356 635,315 645,679 1325,982 Bonds 5,822,102 413,247 1,301,897 366,327 543,842 387,129 314,155 868,396 317.415 184.829 274,128 278.599 572.138 Total U. S. Government securities 23,057,414 1617,910 5,232,493 1446,745 214?,815 1528,901 1240,702 3429,583 1246,908 729,949 1082,622 1094,223 2259,563 Total loans and securities 23,141,315 1625,902 Due from foreign banks 38 2 F.R.notes of other banks 165,658 7,917 Uncollected cash items 3,249,650 274,949 Bank premises 42,101 1,045 Other assets 178,226 12,952 TOTAL ASSETS 5,245,871 1461,633 2151,463 1532,483 1243,845 3435,853 1250,878 731,173 1089,889 1096,264 2276,061 1/ 12 3 4 2 2 5 1 24,281 8,024 7,l6l 29,235 16,413 16,933 8,734 639,271 184,486 312,254 263,332 194,438 507,261 142,587 7,574 2,882 4,713 3,450 2,407 6,146 3,393 39,257 11,044 16,748 11,890 9.828 26,496 9,406 1 1 1 9,978 9,078 8,545 98,317 185,159 143,865 1,099 2,527 664 5.636 8.547 8.503 4 19,359 303,731 6,201 17.919 4?,618,163 2634,552 12,633,368 2876,136 4023,073 2707,820 2355,940 8402,301 1977,123 1190,244 2028,822 1733,452 5055,332 1/ After deducting $26,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OP THE FEDERAL RESERVE BANKS ON JULY 25, 1951 (in thousands of dollars) 5.4.1(c) L IA B IL ITIES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SariFran. 23,601,818 1451,666 5,288,649 1671,391 2148,698 1582,796 1269,138 4591,129 1076,874 604,464 916,562 636,481 2363,970 Federal Reserve notes Deposits Member bank-reserve accts.19,087,5°° 819,526 6,131,390 873,101 1452,908 794,654 814,317 3121,671 677,992 432,366 875,370 978,330; 2215,943 58,621 37,044 26,766 24,266 28,125 49,973 35,408 28,851 33,234 23,378 42,297 U.S.Treasurer-general acct. 423,532 35,569 53,878 1/277,378 68,651 80,817 43,450 36,498 119,922 32,153 21,725 32,153 32,153 80,829 Foreign 879,607 1,638 248 519 32,579 2,340 2.627 6,906 5,903 249,611 1,890 3,707 2,770 Other 310,738 484,580 941,005 Total deposits 20,701,445 914,876 6,717,000 980,686 1564,198 865,140 881,280 3294,193 752,459 73,954 131,820 161,018 380,279 107,479 342,749 148,768 218,822 206,965 Deferred avail, cash items 2,327,933 204,237 Other liabilities and 556 524 642 692 2,175 750 675 1,544 5,845 17,283 2,008 accrued dividends 46,648,479 2572,787 12,354,243 2801,520 3933,262 2655,651 2312,128 8267,776 1937,454 1163,554 1989,911 TOTAL LIABILITIES 5,268 8,740 9,516 29,685 7,960 74,866 16,562 22,305 10,179 232,541 12,336 Capital paid in 13,168 19,047 22,369 75,345 20,295 153,290 39,710 48,014 25,167 510,022 32,246 Surplus (Section 7) 1,073 1,137 762 1,429 521 7,319 4,489 1,006 3,349 27,543 3,011 Surplus (Section 13b) 7,181 9,987 11,165 28,066 10,893 43,650 13,855 18,486 13,474 199,578 14,172 Other capital accounts TOTAL LIABILITIES AND 47,618,163 2634,552 12,633,368 2876,136 4023,073 2707,820 2355,940 8402,301 1977,123 1190,244 2028,822 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 27,729 3,710 1,719 2/8,511 2,191 1,100 2,579 944 1,387 48 1,165 3,827 452 1,026 693 1,026 470 934,380 2371,648 123,415 228,427 626 1,246 1694,902 4965,291 10,513 24,611 16,852 44,519 1,307 2,140 9,878 18,771 1733,452 5055,332 1,026 2,579 696 FEDERAL RESERVE AGENTS' ACCOUNTS 24,676,563 1512,813 5,562,003 1752,777 2269,310 1657,517 1350,253 4678,288 1128,476 620,603 F.R. notes outstanding Collateral for F.R. notes: 12,184,000 350,000 4,470,000 700,000 775,000 480,000 510,000 2560,000 250,000 150,000 Gold certificates 1,075 3,970 56,529 7,992 13,353 11,065 2,915 Eligible paper 490,000 975,000 900,000 2200,000 1,200,000 1100,000 1500.000 1215,000 U.S. Govt, securities 25,^5,^529 1557^992 5,683)353 1811^065 2275^000 1697^915 1410*000 4760j000 1228,970 641,075 Total collateral ' \j After deducting $602,217,000 participations of other Federal Reserve Banks. 2/ After deducting $19,218,000 participations of other Federal Reserve Banks. 950,525 682,746 2511,252 280,000 159,000 1500,000 9,027 7,132 700,000 545,000 1200,000 987,132 704,000 2709,027
@FedFRASER