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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) June 28, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 27# Member bank reserves decreased $380 million. The principal changes reducing reserves were a decrease of $234 million in Reserve Bank credit, and increases of $122 million in Money in circulation and $42 million in Foreign deposits with Federal Reserve Banks. The principal offsetting change was a decrease of $15 million in Treasury deposits with Federal Reserve Banks. The decrease of $234 million in Reserve Bank credit resulted from a decrease of $327 million in Float, and increases of $55 million in Loans, discounts and advances and $37 million in U. S. Government securities. Holdings of U. S. Government securities reflected an increase of $73 million in bonds, and decreases of $26 million in notes and $10 million in bills. Member Bank Reserves and Related Items June 27, 1951 Change since June 20, June 26, 1951 1950 (In millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 22,843 226 846 23,916 21,755 4,650 + 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) 27,601 1,286 4l8 947 192 775 +122 + 1 - 15 + 42 - 2 + 1 + - Member bank reserves 19,102 -380 +3,114 18,611 491 - 45 -335 +3,1^9 35 509 -537 133 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) + 37 + 55 -327 -234 -- 2 +4,626 + 154 + 568 +5,349 -2,475 + 42 575 20 448 193 109 3 H.it.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 19,868,402 649,839 20,518,241 - Other cash 306,351 - Discounts and advances Industrial loans U.S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 220,301 5,450 + + 401,394 3,193,792 12,439,248 6,808,802 + 22,843,236 + Total loans and securities Due from foreign banks F. R, notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 23,068,987 38 127,777 3,410,547 41,468 150,404 47,623,813 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 availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments June 28, 1950 June 20, 1951 June 27, 1951 + - 10,502 10,478 24 - + - 2,592,029 128,189 2,463,840 6,706 + 93,835 54,956 + 71 + 150,938 2,783 9,500 3,435,481 2,163,458 + 9,060,148 + 1,165,002 +~ 4,odo,cii - - 26,100 72,965 37,365 + 92,392 + 4,779,932 + — 10 + 2,386 15,195 . *1,181,272 + 778,862 6,243 37 + + 6,280 + 45,978 1,091,753 + 3,256,215 23,434,218 + 112,113 + 633,415 19,102,378 - 380,109 + 3,113,927 15,561 148,395 417,674 193,603 41,430 946,705 + 108,704 2,043 191,633 20,658,390 - 356,283 * 2,363,225 210,174 2,564,062 - 854,736 + 4,683 21,060 + 963 + 1,097,943 + 3,211,497 46,677,730 231,262 510,022 27,543 177,256 47,623,813 + 560 -- + 46.5# + 26,899 3,543 - + + + 12,188 21,849 10,681 5,6)0 + 1,091,753 + 3,256,215 ,2# - 582 161 + + 9 # 21,388 2,335 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 2?, 1951 (Callable Government securities classified according to nearest call date) Discounts and advances 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 Total 205,530 14,639 132 220,301 Industrial loans 688 U. S. Government securities 2,825 73,057 1,929,120 11,833,709 5,450 1,031,904 4,097,280 22,843,236 470 1,W9 3,878,166 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 27, 1951 (In thousands of dollars) A S S E T S Total Gold certificates Redemption fund for F. R. notes Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 19,868,402 625,814 6,814,944 1130,580 1419,824 786,527 815,229 4098,550 470,663 290,360 664,678 423,485 2327,748 62,584 44,007 112,459 Total gold certificate reserves 20,518,241 684,852 6,869,471 1186,464 1495,129 849,111 859,236 4211,009 649,839 59.038 54,527 55,884 75,305 44,588 23,987 34,146 27,590 55,724 515,251 314,347 698,824 451,075 2383,472 16,810 25,762 58,406 47,168 Other cash 31,145 306,351 19,319 23,281 17,345 13,689 7,511 11,359 34,556 12,620 24,100 13,016 Discounts and advances 220,301 7,430 11,150 15,810 18,214 2,060 71,185 6,780 34,525 3,411 - - 122 Industrial loans 4o 5,450 25 152 193 — 3,779 378 761 U. S. Govt, securities: - - 26,690 Bills 401,394 127,827 19,208 21,659 59,870 21,685 3,361 18,899 25,255 37,495 39,445 Certificates 715,745 200,953 298,332 212,365 172,334 476,370 174,122 101,390 150,377 152,829 313,854 3,193,792 225,121 12,439,248 876,805 2,787,698 782,677 1161,950 827,123 671,209 1855,376 678,175 394,896 585,689 595,245 1222,405 Botes 6,808,802 479,937 1,525,881 428,411 636,010 452,737 367,396 1015,567 371,210 216,153 320,586 325,613 669,101 Bonds Total U. S. Government securities 22,843,236 1581,863 Total loans and securities 23,068,987 1594,879 5,228,361 1453,695 2158,265 1526,467 1239,571 3441,708 1256,342 731,762 1093,765 1095,195 2248,977 Due from foreign banks 2 38 F.R.notes of other banks 127,777 4,308 Uncollected cash items 3,410,547 285,745 Bank premises 41,468 1,045 Other assets 150,4o4 11,175 TOTAL ASSETS 5,157,151 1437,296 2133,787 1518,915 1232,598 3407,183 1245,192 715,800 1075,551 1093,095 2244,805 1/ 12 2 1 3 4 2 5 19,206 8,173 7,181 20,947 11,531 14,925 7,981 625,330 215,126 322,110 291,784 198,714 583,590 141,210 2,887 4,718 2,262 5,860 3,251 7,592 3,395 10,225 9,134 14,597 7,891 7,938 22,293 32,913 1 1 4,680 8,667 95,735 172,673 1,099 2,543 4,689 7,396 1 4,735 156,996 667 7,165 4 15,443 321,534 6,149 14,988 47,623,813 2613,151 12,830,053 2894,801 4025,285 2718,597 2345,016 8337,796 1949,416 1159,824 1995,228 1729,523 5025,123 l/ After deducting $26,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 27, 1951 (In thousands of dollars) H.4.l(c) Mpls. Kans.Cy. Dallas SanFran. Phila. CIeve. Rich. Atlanta Chicago St.Louis Total Boston New York L I A B I L I T I E S Federal Reserve notes 23,434,218 1455,027 5,270,461 1662,513 2121,499 1576,784 1263,148 4539,542 1068,240 606,435 911,381 626,164 2333,024 Deposits $ Member bank-reserve accts. 19,102,378 793,271 6,347,897 883,723 1437,867 755,012 792,527 3066,426 676,852 411,315 856,439 864,553 2216,496 19,642 32,223 25,465 42,9144 67,866 26,612 46,878 32,636 35,160 38,879 18,378 U.S.Treasurer-general acct. 417,674 30,991 34,491 86,707 73,6144 86,695 46,610 39,152 128,6144 34,491 23,305 34,491 946,705 57,796 1/300,679 Foreign 606 32,812 401 1,289 5,166 3,561 2,778 6,385 130,464 l,758 3,998 2,415 191,633 Other 20,658,390 887,224 6,846,906 985,737 1575,438 836,673 870,400 3236,727 736,106 455,551 923,554 925,115 2378,959 Total deposits 2,564,062 209,285 431,988 172,457 238,655 253,503 168,033 427,694 105,975 71,278 121,750 139,884 223,560 Deferred avail. cash items Other liabilities and 909 892 677 21,060 1,454 7,014 1,094 2,045 885 2,758 592 1,755 accrued dividends 985 26,899 3,543 1,668 2/8 ,248 — 2,126 1,500 2,505 645 1,546 48 1,150 — 5,714 503 996 ~ 675 ~ 996 475 99 6 — ir\ 47,625,815 2615,151 12,850,053 2894,801 4025,285 2718,597 2545,016 8557,796 1949,416 1159,824 1995,228 1729,525 CM rH Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 46,677,730 2552,990 12,556,369 2821,801 3937,637 2667,945 2302,466 8206,721 1911,213 1133,856 1957,362 1692,072 4937,298 10,128 10,470 24,459 8,715 16,364 22,160 9,388 231,262 7.694 5,255 29,539 12,335 74,775 16,852 144,519 15,168 20,295 510,022 22,369 48,oi4 25,167 19,047 32,246 153,290 39,710 75,545 1,006 2,140 1,507 762 1,157 1,429 521 1,075 3,011 4,489 7,319 27,543 3,349 8,822 12,008 16,468 10,051 16,707 6,492 8,967 24,762 38,300 12,437 9.695 177,256 12,569 LA CM O LA TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section l)b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 2,503 574 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes; Gold certificates Eligible paper U.S. Govt, securities Total collateral 24,476,678 1497,009 5,495,841 1765,826 2259,492 1645,094 1564,065 4626,951 1116,564 618,800 945,076 692,422 2471,760 11,984,000 550,000 4,470,000 660,000 745,000 450,000 510,000 2460,000 250,000 150,000 280,000 12,620 11,150 15,810 18,025 15,016 6,550 — —— 141,105 62,745 15,065,000 1200,000 1,100,000 1100,000 1500,000 1215,000 900,000 2200,000 925,000 490,000 700,000 25,190,105 1565,016 5,652,745 1772,620 2245,000 1671,550 1410,000 4660,000 1186,150 655,810 998,025 l/ After deducting $646,015,000 participations of other Federal Reserve Banks. 2/ After deducting $18,651,000 participations of other Federal Reserve Banks. 159,000 1500,000 — 1,411 555,000 1200,000 694,000 2701,411
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