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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) June 14, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 1 3 , Member bank reserves increased $289 million. The principal changes supplying reserves were an increase of $237 million in Reserve Bank credit, and decreases of $21 million in Money in circulation, $ 2 0 million in Other deposits with Federal Reserve Banks, $ 1 4 million in Treasury cash holdings, and $ 1 0 million in Treasury deposits with Federal Reserve Banks. The principal offsetting change was an increase of $ 1 3 million in Foreign deposits with Federal Reserve Banks. The increase of $237 million in Reserve Bank credit resulted from increases of $105 million in U. S. Government s e c u r i t i e s , $8l million in Float, and $50 million in Loans, discounts and advances. Holdings of U. S. Government securities r e f l e c t e d increases of $124 million in notes and $67 million in bonds, and a decrease of $86 million in b i l l s . Member Bank Reserves and Related Items June 1 3 , 1951 Change since June 6 , June 1 4 , 1951 1950 (In millions of dollars) Reserve Bank credit: U. S« Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 22,758 184 840 23,783 21,756 4,647 +105 + 50 + 81 +237 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) 27,499 1,289 129 913 182 686 + + Member bank reserves 19,487 +289 +3,178 18,401 1,086 + 65 +224 +2,968 + 210 942 +120 + 149 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) mmm + 3 21 14 10 13 20 2 +5,065 + 102 + 345 +5,513 -2,476 + 43 + - 506 15 190 160 192 4-9 H*U.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) ASSETS Gold c e r t i f i c a t e s Redemption fund for F. R. notes Total gold c e r t i f i c a t e reserves Change since June 6, June 14, 1950 1951 June 13, 1951 19,883,902 637,601 20,521,503 + 999 + 11,353 + 12,352 - 2,587,527 + 114,460 - 2,473,067 Other cash 300,222 + 9,212 + 100,934 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 178,789 5*1+88 + 50,2+14 + 338 + + 99,485 2,812 419,620 - 86,300 15,402,348 6,936,209 22,750,177 +124,398 + 66,622 +104,720 - 3,681,255 - 4,844,150 +12,335,148 + 1,255,609 + 5,065,35%' 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 assets TOTAL ASSETS 22,942,454 38 127,891 3,669,372 41,502 225,220 47,828,202 +155,472 + 16,108 +538,030 + 198 + 6,668 +738,040 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 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 23,335,074 76 19,487,217 128 , 683 913,435 182,482 20,711,817 2,829,084 17,583 46,893,558 +288,866 - 10,549 + 13,891 - 19,308 +272,900 +457,175 + 1,457 +731,456 CAPITAL ACCOUNTS Capital paid i n Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 230,464 510,022 27,543 166,615 47,028,202 1,423 Ratio of gold c e r t i f i c a t e reserves to 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 foreign correspondents Industrial loan commitments + 5,161 +738,040 + 5,167,649 + 10 + 14,130 + 330,767 + 6,4l8 + 87,431 + 3,234,272 + 567,204 + 3,178,191 190,154 159,295 191,899 + 2,636,843 14,715 + 1,767 + 3,191,099 + + 14,199 21,849 + 7,125 + 3,234,272 9.7^ 46.6# 29,034 3,612 193 18 + + 23,41+9 2,4o6 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 13, 1951 (Callable Government s e c u r i t i e s c l a s s i f i e d according to nearest c a l l date) Discounts and advances Within 15 days 16 to 90 days 91 days to 1 year Over 1 year t o 5 years Over 5 years to 10 years Over 10 years Total Industrial loans 161,578 17,050 161 193 4,215 893 187 178,789 5,488 U. S. Government securities 240,892 4,734,433 8,304,917 4,436,766 1,031,904 —22,758,177 H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 1 3 , 1 9 5 1 (In thousands of dollars) ASSETS Total Gold c e r t i f i c a t e s Redemption fund f o r F. R. notes Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls, Kans,Cy. Dallas SanFran. 19,883,902 638,06% 6,910,057 1109,173 1371,749 773,747 802,735 4025,198 499,61% 314,387 666,351 437,6l4 2335,213 637,601 57,163 20,521,503 695,227 55,115 55,095 74,460 62,143 44,116 103,64? 44,652 23,513 34,196 6 , 9 6 5 , 1 7 2 1164,268 1446,209 835,890 846,851 4128,84$ 544,266 337,900 700,547 27,635 55,866 Total gold c e r t i f i c a t e reserves 465,249 2391,079 Other cash 300,222 34,211 50,264 15,604 23,741 18,269 26,953 54,538 l4,88l 7,351 11,123 10,808 32,479 Discounts and advances 178,789 10,519 109,570 11,995 9,775 4,580 757 9,325 3,650 2,925 8,696 2,46l 4,536 I n d u s t r i a l loans 5,488 — 26 3,867 357 122 154 — — 152 — 40 770 U. S. Govt, s e c u r i t i e s : Bills 419,620 7,298 143,079 26,402 39,197 27,902 22,642 62,589 9,438 19,757 20,079 41,237 Notes 15,402,348 1093,244 3,444,530 969,116 1438,733 1024,148 831,097 2297,337 839,721 488,596 725,205 737,033 1513,588 Bonds 6,936,209 492,325 1,551,194 436,427 647,911 461,209 374,270 1034,570 378,155 220,031 326,584 331,912 681,621 Total U. S. Government securities Total loans and securities 22,758,177 1592,86? 22,942,454 1603,386 5,248,399 1447,807 2135,973 1517,961 1228,920 3403,821 1230,964 711,704 1080,242 1091,525 2241,752 Due from foreign banks 38 F.R.notes of other banks 127,891 Uncollected cash items 3 , 6 6 9 , 3 7 2 Bank premises 41,502 Other assets 225.220 TOTAL ASSETS 5,138,803 1431,945 2125,841 1513,259 1228,009 3394,496 1227,314 708,627 1071,546 1089,024 2236,446 2 4,855 278,151 1,050 16.227 1 / 12 20,430 657,589 7,592 50.249 3 6,383 213,748 2,892 13.815 4 2 21,870 2 5 1 1 1 l 4 11,608 15,022 9,235 4,087 7,842 5,930 13,721 344,511 304,585 248,785 645,128 167,650 107,019 210,011 152,011 340,184 4,726 3,263 2,265 5,832 3,417 1,101 2,543 666 6,155 21.259 15.143 11.901 33.672 12.026 6.998 10.Q24 10.586 22.420 6,908 47,828,202 2633,109 12,999,707 2864,520 3983,331 2716,983 2377,285 8286,863 1982,440 1176,161 2023,233 1736,776 5047,794 l/ After deducting $26,000 participations of other Federal Reserve Banks. HJwl(o) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 13, 1951 (In thousands of dollars) L I A B I L I T I E S Total Boston Federal Reserve notes 23,335,074 114-33,902 Deposits: Member bank-reserve a c c t s . 19,487,217 854,232 U.S.Treasurer-general acct, 128,683 1,792 Foreign 913,435 56,370 other 182,482 5,887 New York Phila, Cleve. Rich* A t l a n t a Chicago S t • L o u i s 5,235,998 1655,386 2109,084 1566,439 1256,036 4525,936 1070,756 Total deposits Deferred avail+ cash items Other l i a b i l i t i e s and accrued dividends 20,711,81? 2,829,081+ 918,281 220,021 7,027,439 968,684 1522,448 858,355 873,660 3151,363 741,622 458,861 898,581 937,595 2354,928 459,508 167,528 263,744 241,232 204,893 477,781 131,707 84,759 173,968 131,380 272,563 17,583 1,467 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section l$b) Other capital accounts TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 46,893,558 2573,671 12,728,400 2792,550 3896,878 2667,067 2335,335 8157,407 1944,830 1150,551 1985,963 1699,899 4961,007 230,464 12,332 74,770 16,037 21,990 10,111 9,370 29,494 7,649 5,221 8,640 10,423 24,427 510,022 32,246 153,290 39,710 48,014 25,167 22,369 75,345 20,295 13,168 19,047 16,852 44,519 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 166,615 11,849 35,928 11,734 15,443 11,289 9,449 23,188 9,145 6,i48 8,446 8,295 15,701 Contingent l i a b i l i t y on acceptances purchased for foreign correspondents Industrial loan commitments 6,528,352 100,445 1/283,3248 115,29b 5,455 Mpls. Kans.Cy. D a l l a s SanFran* 606,453 912,810 630,224 2332,050 878,519 1433,487 807,554 826,852 3022,827 699,396 433,455 863,889 901,429 2237.225 1,648 2,094 587 2,120 1,713 575 514 1,614 15,012 569 33,640 33,640 84,568 71,827 84,556 45,460 38,186 125,470 33,640 22,730 963 477 2,012 31,521 3,693 6,528 2,479 6,466 3,326 3,836 952 1,602 1,041 746 2,327 745 478 604 700 1,466 47,828,202 2633,109 12,999,707 2864,520 3983,331 2716,983 2377,285 8286,863 1982,440 1176,161 2023,233 1736,776 5047,794 29,034 3,612 1,780 2/9,136 2,269 1,347 2,670 664 1,436 48 1,206 3,963 504 1,062 718 1,062 475 1,062 2,670 574 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. n o t e s o u t s t a n d i n g 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 24,313,442 1474,921 5,460,697 1745,324 2220,042 1643,371 1368,811 4609,993 1111,490 617,150 942,173 679,919 2439,551 350,000 4,470,000 660,000 745,000 450,000 510,000 2660,000 250,000 150,000 280,000 159,000 1500,000 2,186 10,519 102,650 1 1 , 9 9 5 — 3,880 8,561 3,650 2,925 C7,E12,865,000 1200,000 1,100,000 1100,000 1500,000 1215,000 900,000 2000,000 925,000 490,000 700,000 5^,000 1200,000 25,195,366 1560,519 5,672,650 1771,995 2245,000 1565,880 1410,000 4660^000 1178,650 6421925 988^61 694,000 2702,186 12,184,000 146,366 l/ 2/ A f t e r d e d u c t i n g $ 6 3 0 , 0 7 6 , 0 0 0 p a r t i c i p a t i o n s o f o t h e r Federal Reserve Banks. A f t e r d e d u c t i n g $ 1 9 , 8 9 8 , 0 0 0 p a r t i c i p a t i o n s o f o t h e r Federal Reserve Banks.
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