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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate R e l e a s e ) June 21, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and R e l a t e d Items During t h e week ended June 20, Member bank r e s e r v e s d e c r e a s e d $5 m i l l i o n . The p r i n c i p a l changes r e d u c i n g r e s e r v e s were i n c r e a s e s of $304 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, $88 m i l l i o n i n Other F. R. a c c o u n t s ( n e t ) , and $12 m i l l i o n i n Qther d e p o s i t s w i t h F e d e r a l Reserve Banks. The p r i n c i p a l o f f s e t t i n g changes were an i n c r e a s e of $367 m i l l i o n i n Reserve Bank c r e d i t , and a d e c r e a s e of $20 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 $367 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 $333 m i l l i o n i n F l o a t and $48 m i l l i o n i n U. S. Government s e c u r i t i e s , and a d e c r e a s e of $13 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 an i n c r e a s e of $3,194 m i l l i o n i n c e r t i f i c a t e s , and d e c r e a s e s of $2,937 m i l l i o n i n n o t e s , $200 m i l l i o n i n bonds, and $9 m i l l i o n i n i • ... bills. Member Bank R e s e r v e s and R e l a t e d Items June 20, 1951 Change s i n c e June 13, June 21, 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 advances Float Total Gold s t o c k Treasury currency outstanding 22,806 171 1,173 24,150 21,755 4,648 + 48 - 13 +333 +367 - 1 ' + 1 Money i n c i r c u l a t i o n T r e a s u r y cash h o l d i n g s 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 ) 27,479 - 20 - 4 +304 - 8 + 12 + 88 + Member bank r e s e r v e s 19,482 - 5 +3 ,313 18,656 826 +255 -260 +3, ,134 + 179 1,046 +104 + 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 reserves (estimated) 1,285 433 905 194 774 +5 , 1 2 7 + 94 + 668 +5 , 8 8 9 -2 ,476 44 + - 553 9 96 219 77 10 60 H.Uil(a) STATEMENT OF CONDITION OP 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 ) 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 Other c a s h Change s i n c e June 13, June 21 1951 I950 June 20, 1951 19,878,904 639,361 20,518,265 + - 313,057 D i s c o u n t s and advances 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 T o t a l l o a n s and s e c u r i t i e s Due f r o m 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 165,345 5,37 9 - 4,998 1,760 3,238 -2,592,526 + 118,713 -2,473,813 12,835 + 99,758 13,444 + + 90,590 2,752 — 109 410,894 3,193,792 12,465,348 6,735,837 22,805,871 8,726 +3 ,193,792 -2,937,000 200,372 + 47,694 22,976,595 38 + - -3,571,981 -1,703,358 +9,316,648 +1,086,037 +5,127,346 +5,220,688 + 10 34,141 — + 130,163 4,591,819 41,505 144,124 48,715,566 + + - 2,272 922,447 3 81,096 887,364 + L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: 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 23,322,105 - 12,969 + 19,482,487 433,235 905,275 193,676 21,014,673 3,418,798 20,097 47,775,073 - 4,730 304.552 - CA P I TA L ACCOUNTS Capital paid in Surplus (Section 7) Surplus ( S e c t i o n 13b) Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS 230,702 510,022 27,543 171,626 48,715,566 Ratio of gold 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 Contingent 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 foreign correspondents I n d u s t r i a l l o a n commitments 46.3# 27,481 3,382 + + + + 8,160 11,194 302,856 589,714 2,514 882,115 238 mmwm 13,667 +1,371,252 + 6,228 + 49,441 +4,287,231 616,058 +3,313,365 96,019 - 218,511 77,357 +2,921,478 + 703,570 + 3,786 +4,S44,B92 + t 11,884 21,849 + 8,606 mmrn + + - — 5,011 887,364 +4,287,231 .3% - 10.1# 1,553 + + 22,018 2,129 230 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 2 0 , 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 152,301 12,929 115 Industrial loans U. S , Government securities 634 345 2,932 1,468 21,244 1,990,433 11,859,809 3,878,166 ' 165,345 1,031,904 4,Q?/i,-U5 5,379 22,805,871 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 2 0 , 1951 ( i n t h o u s a n d of d o l l a r s ) A S S E T S Total Boston 19,878,904 618,631 639,361 59,038 Total gold c e r t i f i c a t e reserves 20,518,265 677,669 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 Other cash 313,057 D i s c o u n t s and advances 165,345 I n d u s t r i a l loans 5,379 U. S . Govt, s e c u r i t i e s 410,894 Bills Certificates 3,193,792 Notes 12,465,348 Bonds 6,735,837 34,448 12,242 224,469 876,114 473,415 New York Phila. Cleve. Rich. 7 , 2 8 3 , 2 5 4 1142,192 1384,756 725,334 74,305 62,584 7 , 3 3 7 , 7 8 1 1198,076 1 4 5 9 , 0 6 1 787,918 54,527 51,160 24,910 26 156,492 719,252 2,807,223 1,516,930 55,884 17,671 11,630 3,734 Atlanta Chicago S t . L o u i s 7 7 0 , 1 2 8 3770,823 Mpls. Kans.Cy. 505,668 281,893 650,821 103,459 44,588 23,487 34,146 814,135 3874,282 550,256 305,380 684,967 16,747 6,954 19,275 152 10,369 44,007 26,791 1,210 357 18,157 5,480 117 25,465 4,057 192 58,348 50,225 38,382 25,853 200,953 298,332 784,320 1164,387 423,819 629,195 27,322 22,171 172,334 61,287 212,365 828,858 447,886 - - - 476,370 672,618 1859,269 363,459 1004,684 10,150 — —— ——— 172,203 672,110 363,183 100,454 392,068 211,862 11,870 ——— 19,346 150,377 586,919 317,150 D a l l a s SanFran. 462,870 2282,534 27,590 55,746 490,460 2338,280 11,982 2,46l 4o 33,464 13,336 761 40,379 313,854 596,493 1224,969 661,931 322,323 19,662 152,829 T o t a l U. S . Government securities 22,805,871 1573,998 5 , 1 9 9 , 8 9 7 1434,945 2130,296 1516,431 1230,582 3401,610 1207,496 704,384 1073,792 1091,307 2241,133 T o t a l l o a n s and securities 5,224,833 1450,309 2131,863 1522,028 1234,831 3451,835 1217,646 723,811 1084,161 1093,808 2255,230 2 2 , 9 7 6 , 5 9 5 1586,240 Due f r o m f o r e i g n banks 38 F . R . n o t e s of o t h e r banks 1 3 0 , 1 6 3 Uncollected cash items 4,591,819 Bank p r e m i s e s 41,505 Other a s s e t s 144,124 TOTAL ASSETS 2 5,798 393,011 1,050 10,513 1 / 12 20,067 744,554 7,592 31,953 3 7,764 268,776 2,893 8,738 4 7,327 515,716 4,726 13,900 2 22,178 330,999 3,263 9,673 2 11,106 262,981 2,265 7,564 5 15,916 968,802 5,834 21,436 l 1 4,311 8,520 185,145 120,852 3,417 7,547 1,101 4,437 l 7,452 219,493 2,543 7,145 l 4,918 184,611 666 6,854 4 14,806 396,879 6,155 14,364 48,715,566 2708,731 13,417,952 2954,230 4159,388 2694,218 2358,349 8396,458 1989,279 1166,847 2017,632 1793,300 5059,182 l / 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 Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 2 0 , 1951 ( I n t h o u s a n d s of d o l l a r s ) H.4.1(c) 5 , 2 4 2 , 1 8 5 1649,813 2105,982 1560,092 1257,297 4529,958 1069,047 Mpls. Kans.Cy. 606,053 910,180 D a l l a s SanFran, 627,279 2325,525 6,529,579 419,628 1/280,246 133,865 883,347 1430,162 519 5,083 71,250 83,877 1,546 4,779 773,401 596 45,095 1,838 799,391 3060,838 539 124,462 2,266 33,370 420,240 161 22,548 840 859,665 573 33,370 537 934,885 2247,3^1 654 2,029 33,370 83,889 458 32,801 913,753 295,221 7,363,318 534,600 956,662 1523,901 820,930 732,668 274,505 ii4o,591 259,517 8 4 2 , 3 3 1 3137,749 215,725 546,111 148,982 443,789 90,704 894,145 175,245 969,367 2366,060 158,741 278,856 1,343 5,393 933 1,792 3,409 690 521 596 Total Boston L I A B I L I T I E S F e d e r a l Reserve n o t e s 2 3 , 3 2 2 , 1 0 5 1438,694 Deposits; Member b a n k - r e s e r v e a c c t s . 1 9 , 4 8 2 , 4 8 7 852,769 U . S . T r e a s u r e r - g e n e r a l a c c t . 433*235 591 Foreign 905,275 55,918 Other 193,676 4,475 Total deposits 21,014,673 D e f e r r e d a v a i l , cash i t e m s 3 , 4 1 8 , 7 9 8 O t h e r l i a b i l i t i e s and accrued dividends 20,097 TOTAL LIABILITIES Capital paid in S u r p l u s ( S e c t i o n 7) S u r p l u s ( S e c t i o n 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS C o n t i n g e n t l i a b i l i t y on acceptances purchased f o r foreign correspondents I n d u s t r i a l loan commitments New York Phila, CIeve. Rich* Atlanta 596 37,880 4,464 753 Chicago S t , L o u i s 1,910 2,437 690,869 6,163 776 1,454 4 7 , 7 7 5 , 6 7 3 2 6 4 9 , 0 1 1 1 3 , 1 4 5 , 4 9 6 2881,913 4 0 7 2 , 2 6 6 2643,948 2316,106 8 2 6 6 , 2 5 5 1951,387 1141,067 1 9 8 0 , 1 6 6 1756,163 4971,895 10,425 24,428 230,702 12,333 74,774 16,040 22,159 10,121 9,383 29,506 7,661 5,227 8,645 16,852 144,519 510,022 32,246 153,290 39,710 48,014 25,167 22,369 75,345 20,295 13,168 19,047 1,307 2,140 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 171,626 12.130 37.073 12.078 15.943 11,633 9.729 23,923 9,415 6,312 8,637 8,553 16,200 4 8 , 7 1 5 , 5 6 6 2708,731 1 3 , 4 1 7 , 9 5 2 2954,230 4159,388 2694,218 2358,349 8396,458 1989,279 1166,847 2017,632 1793,300 5059,182 1,015 686 1,015 475 2 4 , 3 7 1 , 7 9 6 1482,576 5 , 4 7 6 , 8 7 7 1755,879 2225,343 1638,980 1368,554 4 6 1 4 , 3 8 5 1110,757 617,653 938,783 677,698 2464,311 12,184,000 350,000 100,157 12,242 12,865,000 1200,000 25,149,157 1562,242 250,000 745,000 450,000 510,000 2660,000 4,470,000 660,000 10,150 20,760 11,630 — 5,180 1,100,000 1100,000 1500,000 1215,000 900,000 2000,000 925,000 5 , 5 9 0 , 7 6 0 1771,630 2245,000 1670,180 1410,000 4660,000 1105,150 150,000 280,000 19,275 10,234 490,000 059,275 700,000 159,000 1500,000 —— 10,686 535,000 1200,000 990,234 694,000 2710,000 27,481 3,382 1,700 2/8,476 2,166 1,118 2,550 664 1,371 48 1,152 3,785 503 1,015 2,550 574 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 j 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 l/ 2/ 4 A f t e r d e d u c t i n g $625,017,000 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 Reserve Banks. A f t e r d e d u c t i n g $19,005,000 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 Reserve Banks.
@FedFRASER