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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 5> 1951 CONDITIO# OF THE FEDERAL RESERVE BANKS Member Bank R e s e r v e s and R e l a t e d Items During t h e p e r i o d ending J u l y 3# 1951» Member bank r e s e r v e s i n c r e a s e d $87 m i l l i o n . The p r i n c i p a l changes s u p p l y i n g r e s e r v e s were d e c r e a s e s of $239 m i l l i o n i n T r e a s u r y d e p o s i t s w i t h F e d e r a l Reserve Banks, $92 m i l l i o n i n F o r e i g n d e p o s i t s w i t h F e d e r a l Reserve Banks, $33 m i l l i o n i n Other d e p o s i t s w i t h F e d e r a l Reserve Banks and $11 m i l l i o n i n Other F . R. a c c o u n t s ( n e t ) , and an i n c r e a s e of $5^- m i l l i o n i n R e s e r v e Bank c r e d i t . The p r i n c i p a l o f f s e t t i n g change was an i n c r e a s e of 13^7 m i l l i o n i n Money i n c i r c u l a t i o n . The i n c r e a s e of I5U 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 a n i n c r e a s e of $134 m i l l i o n i n U. S . Government s e c u r i t i e s , and d e c r e a s e s of $Uo m i l l i o n i n F l o a t and 039 m i l l i o n i n Loans, d i s c o u n t s and a d v a n c 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 i n c r e a s e s of $121 m i l l i o n i n b i l l s , and $13 m i l l i o n i n b o n d s . Member Bank R e s e r v e s and R e l a t e d I t e m s J u l y 3# 1951 Change s i n c e June 2%, J u l y 5> 1951 1950 ( I n m i l l i o n s of d o l l a r s ) Reserve Bank c r e d i t : U. S . Government s e c u r i t i e s Loans, d i s c o u n t s and a d v a n c e s Float Total Gold s t o c k Treasury currency outstanding 22,977 +134 +4,391 I87 806 23,970 - 39 - 40 + 5U + 101 + 528 +5,020 21,756 4,6^4 + + 1 4 -2,1+75 + 47 Money i n c i r c u l a t i o n Treasury cash holdings T r e a s u r y d e p o s i t s w i t h F . R. Banks F o r e i g n d e p o s i t s w i t h F . R. Banks Other d e p o s i t s w i t h F . R. Banks Other F . R. a c c o u n t s ( n e t ) 27,948 +347 + 633 179 -239 - i|66 855 159 - 92 - 33 - 325 131 Member bank r e s e r v e s 19,189 + 87 +2,935 18,577 612 - 34 +121 +3,Hit - 179 Required r e s e r v e s (estimated) Excess r e s e r v e s ( e s t i m a t e d ) Daily average excess r e s e r v e s (estimated) 1,287 76J4 606 + 1 - 11 15 - 38 62 H.U.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( i n t h o u s a n d s of d o l l a r s ) July 3, 1931 A S S E T S Gold c e r t i f i c a t e s Redemption f u n d f o r F • R* n o t e s Total gold c e r t i f i c a t e reserves Change s i n c e J u l y 5, June 27, 1950 1951 19,858,401 653,378 20,511,779 - 10,001 Other c a s h 290,714 - 15,637 D i s c o u n t s and a d v a n c e s I n d u s t r i a l loans U« S• Government s e c u r i t i e s : Bills Certificates Notes Bonds T o t a l U« S« Government s e c u r i t i e s 181,090 - 39,211 + 254 T o t a l l o a n s and s e c u r i t i e s Due from f o r e i g n banks F . R. n o t e s of o t h e r banks Uncollected cash items Bank p r e m i s e s Other a s s e t s TOTAL ASSETS 5,704 C A P I T A L ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section l$b) Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS R a t i o of g o l d c e r t i f i c a t e r e s e r v e s t o d e p o s i t and F . R. n o t e l i a b i l i t i e s combined C o n t i n g e n t l i a b i l i t y on a c c e p t a n c e s p u r c h a s e d 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 6', 462 522,550 3,193,792 12,439,248 6,822,102 22,977,692 +121,156 23,164,486 38 117,824 3,319,570 + 95,499 + 13,300 +134,456 + 97,886 97,387 3,025 4+ -3,453,825 + 347,242 +6,230,548 +1,267,402 +4,591,367 15M17 47,6d4,20b - 9,953 - 90,977 + 150 7,773 19,607 +4,491,779 + 14 + 24,114 + 910,382 + 6,435 + 79,779 +3,140,209 23,744,939 +310,721 + 19,189,473 178,575 854,502 159,055 20,3"Ei",S05 2,513,681 12,723 46,652,9^5 + 87,095 -239,099 - 92,203 - 32,578 -276,785 - 50,381 - 8,337 - 24,782 +2,935,530 - 466,733 - 325,464 - 130,530 +2,012,803 + 382,124 + 2,950 +3,094,840 231,768 510,022 506 181,925 47,604,206 + 4,669 - 19,607 4l,6l8 L I A B I L I T I E S Federal Reserve n o t e s Deposits 2 Member b a n k — r e s e r v e a c c o u n t s U* S , T r e a s u r e r — g e n e r a l a c c o u n t Foreign Other Total deposits 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 a c c r u e d d i v i d e n d s TOTAL LIABILITIES - -2,601,028 + 130,848 -2,470,150 27,543 + + 12,269 21,849 + 11,243 +3,140,209 9.03b 46.5% 28,089 3,381 696,971 1,190 162 + + 22,107 2,017 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 3, 1951 ( C a l l a b l e Government s e c u r i t i e s c l a s s i f i e d a c c o r d i n g t o n e a r e s t c a l l d a t e ) D i s c o u n t s and advances W i t h i n 15 days 16 t o 90 days 91 days t o 1 y e a r Over 1 y e a r t o 5 y e a r s Over 5 y e a r s t o 10 y e a r s Over 10 y e a r s Total Industrial loans U. S. Government securities 164,737 16,150 203 272 1,047 3,649 736 108,213 2,019,920 11,828,909 3,878,166 1,031,904 4,110,580 181,090 5,704 22,977,692 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 3 , 1951 ( i n t h o u s a n d s of d o l l a r s ) A S S E T S Gold c e r t i f i c a t e s f T °r °"It « Total Boston 19,858,401 622,682 As,.,78 58.671 20,511,779 681,355 3 K ? 5 5 New York Cleve. Rich. 6 , 7 3 M 7 6 1138,660 1393,166 765,214 58.426 Phila. 75.856 61.871 6,792,502 1194,909 1469,022 827,085 » 56.249 1 : | *'!! " S Atlanta Chicago S t . L o u i s 814,194 4093,669 M p l s . Kans.Cy. 505,897 316,557 673,961 113,161 44,450 23,9)4 ?4,044 857,884 4205,830 550,347 340,491 708,005 % $ * 43.690 S | i « Dallas SanFran. 4 5 3 , 0 3 0 2347,295 28,52) ^^01 481,553 2402,796 ":iE " 1 lh"' •ill II ;I1 IIA ii is si %i is 11 is -i Industrial loans - | e c ^ » i ; ^ c u ^ l e B s G ° 5,704 V e r a n d ? — 22,977,692 1620,042 5 , 2 0 7 , 7 5 2 1 4 4 3 , 6 8 0 2 1 4 3 , 2 6 4 1 5 2 5 , 6 6 1 1238,073 3422,316 1230,652 7 1 3 , 2 0 0 1 0 8 0 , 3 2 8 1 0 9 7 , 9 4 9 2254,775 23,164,486 1632,070 5 , 2 8 8 , 8 2 7 1452,567 2 1 4 4 , 2 9 1 1 5 2 9 , 5 7 6 1248,412 3 4 4 3 , 8 4 1 1235,762 722,725 1 0 9 3 , 1 6 8 1100,165 2273,082 g g £ , s r ; , r - , , | | TOTAL ASSETS O „ g | « ; | ^ - g g - g >g;g - g i g " ; g 3 4 ? , 6 o 4 , 2 o 6 2 6 3 7 , 2 3 2 1 2 , 8 7 5 , 8 3 6 2 8 8 3 , 9 9 9 3 9 6 3 , 3 1 2 2 6 8 1 , 0 5 9 2361,213 8302,745 1939,955 1174,268 1998,397 1 7 6 4 , 7 6 1 5021,429 1 / A f t e r d e d u c t i n g $ 2 6 , 0 0 0 p a r t i c i p a t i o n s of o t h e r F e d e r a l R e s e r v e Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 3 , (In thousands of d o l l a r s ) L I A B I L I T I E S Federal Reserve notes Depositst Total Boston New York Phila. CIeve. Rich. Atlanta 1951 Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5 , 3 4 0 , 6 1 8 1 6 8 0 , 8 2 5 2 1 4 3 , 5 1 2 1 5 9 9 , 4 2 9 1284,1*47 4 5 8 8 , 6 3 1 1 0 8 4 , 1 9 5 611,111 921,715 639,103 2373,080 808,763 521 52,681 5,072 6,223,850 163,051 1/265,647 87,886 888,403 1414,462 79 519 67,126 79,022 1,656 5,267 762,664 1,891 42,485 9,189 834,633 3095,431 926,011 2242,494 551 1,990 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 20,381,605 8 6 5 , 0 3 7 2,513,681 232,209 6,740,434 957,264 1499,270 172,002 230,937 816,229 213,782 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 4 6 , 6 5 2 , 9 4 8 2 5 7 6 , 8 3 5 1 2 , 6 0 0 , 7 9 1 2 8 1 0 , 6 9 0 3 8 7 5 , 1 9 3 2 6 3 0 , 0 5 3 2 3 1 8 , 3 3 6 8 1 7 0 , 9 4 8 1 9 0 1 , 3 7 1 1148,lW+ 1 9 6 0 , 4 3 1 1 7 2 7 , 1 1 6 4 9 3 3 , 0 4 0 12,329 74,800 16,373 22,173 10,155 9,487 29,558 7,846 5,261 8,722 10,481 24,583 231,768 510,022 32,246 153,290 39,710 48,014 25,167 22,369 75,345 20,295 13,168 19,047 16,852 144,519 23 M,939 Member b a n k - r e s e r v e a c c t s . 1 9 , 1 8 9 * 4 7 3 U.S.Treasurer-general acct. 178,575 Foreign 854,502 Other 159,055 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 loan commitments 12,723 11*78,273 1,316 516,451 3,288 599 1,474 613 681,213 437,752 873,797 2,250 496 551 4,867 1,809 35,687 3,320 117,259 4,851 31,439 6,156 21,243 1,566 31,439 2,159 875,890 3218,037 157,1)41 3 6 2 , 4 2 5 719,359 97,267 465,428 70,949 909,204 129,022 550 656 490 558 1,855 31,439 495 79,035 33,438 958,496 2356,957 129,046 202,150 471 853 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1.137 1,307 2,140 181,925 12,811 39,636 12,737 16,926 12,335 10,259 25,465 9,922 6,622 9,060 9,005 17,147 4 7 , 6 0 4 , 2 0 6 2637,232 1 2 , 8 7 5 , 8 3 6 2883,999 3963,312 2681,059 2361,213 8302,745 1939,955 1174,268 1998,397 1764,761 5021,429 28,089 3,381 1,742 2/8,621 2,219 1,090 2,613 566 1,405 I48 1,180 3,877 501 702 470 2,613 706 621,475 950,236 684,711 2475,748 250,000 150,000 280,000 5,110 9,375 12,705 159,000 1500,000 11,246 1,039 1,039 1,039 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. n o t e s 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 24,629,880 1513,776 5 , 5 3 6 , 7 9 0 1772,297 2259,606 1660,049 1376,637 4654,989 1123,566 12,054,000 5 1 0 , 0 0 0 2480,000 21480,000 510,000 350,000 4,470,000 675,000 134,174 12,028 13,175,000 1200,000 75,550 4,970 1,200,000 1100,000 1500,000 1215,000 925,000 490,000 700,000 2 5 , 3 6 3 , 1 7 4 1562,028 5,745,550 1779,970 2265,000 1683,190 1410,000 4680,000 1180,110 649,375 992,705 l/ 2/ 765,000 — 465,000 3,190 — — 900,000 2200,000 A f t e r deducting $588,842,000 p a r t i c i p a t i o n s of other Federal Reserve Banks After deducting $19,468,000 p a r t i c i p a t i o n s of other Federal Reserve Banks 545,000 1200,000 704,000 2711,246
@FedFRASER