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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) March 22, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 21, Member bank reserves decreased $197 million. The principal changes reducing reserves were increases of $188 million in Treasury deposits with Federal Reserve Banks, $13 million in Other F. R. accounts (net), and $12 million in Treasury cash holdings, and decreases of $^5 million in Reserve Bank credit and $44 million in Gold stock. The principal offsetting changes were decreases of $46 million in Money in circulation, $44 million in Other deposits with Federal Reserve Banks, and $16 million in Foreign deposits with Federal Reserve Banks. The decrease of $45 million in Reserve Bank credit resulted from a decrease of $78 million in U. S. Government securities, and increases of $19 million in Loans, discounts and advances and $16 million in Float. Holdings of U. S. Government securities reflected decreases of $100 million in notes and $10 million in bills, and an increase of $32 million in bonds, Member Bank Reserves and Related Items March 21, 1951 Change since March 14, March 22. 1951 1950 (in millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 22,348 155 - 78 + 19 +4,775 34 23,607 - 45 +5,571 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) 27,121 1,295 - 46 + 12 + - Member bank reserves Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 1,105 21,856 4,638 +16 - 44 1 + 831 -2,415 + 38 84o +188 - 16 + 149 13 151 1 734 - 44 +13 - 27 19,301 -197 +3,332 18,719 +231 +3,395 870 +97 + 8 1 608 202 582 -428 - 98 63 H.U.l(a) STATEMENT OF CONDITION OP THE TWELVE FEDERAL RESERVE BANKS CCEBINED (In thousands of dollars) A S S E T S 20,020,905 Gold certificates Redemption fund for F« R. notes Total gold certificate reserves since March 22, 1950 March l4» 1951 M&roft 21, 1951 601,8142 26,622,74b - 59,500 + 7,176 - 52.3^4 — 2,494,527 69,325 2,425,202 + - Other cash 333,570 - 6,793 + 46,286 Discounts and advances Industrial loans U. S• Government securities: Bills Certificates Notes Bonds Total U . S . Government securities 150,794 3,793 + 18,652 35 - 35,667 1,113 1,109,798 - 10,374 2,317,077 5,848,550 +13,577,683 637,469 + 4,774,587 + — Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 111,956,883 5,891,231 22,31+7,912 -100,000 + 31,800 22,502,109 - 59,957 138,553 4,159,268 40,644 - 3,578 +197,256 + 83 - 8,485 + 66,20# + 4,740,033 9 + 26,562 + 1,406,587 + 6,168 + 47,677 + 2fO/4Df AvC 23,016,479 - 51,706 + 19,301,051 608,156 81+0,159 201,859 -196,434 +187,751 - 16,285 - 44,004 - 69,022 +181,810 + 3,332,491 150,583 + 909 97,873 + 3,084,94U + 575,799 84 + 60,998 + 5,820,41s 24 158,320 wmm 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 20,951,225 3,054,663 11,360 1+7.033,727 A C C O U N T S C A P I I A L 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 - 78,574 228,212 510,022 27,543 156,119 47,955,623 153 — 160,333 - + 660 13,278 + 21,849 + 24,402 1,701 + 5,051 + 66,202 46,9# 31,719 2,877 255 24 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 21, 1951 (Callable Government securities classified according to nearest oall 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 Total Discounts and advances 140,969 9,807 18 150,794 Industrial loans 84 202 2,276 1,231 U. S. Government securities 98,444 1,401,354 12,166,385 4,389,716 1,015,204 3.276,809 " 22,347,91^ S.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 21, 1951 (In thousands of dollars) A S SETS Total Boston 20,020,903 642,139 601,842 55,804 Total gold certificate reserves 20,622,745 6^7,943 Gold certificates Redemption fund for .<F» R. notes 34,822 Other cash 333,570 4,657 Discounts and advances 150,79* Industrial loans 3,793 U. S. Govt, securities: 9 8 87,585 Bins Notes 14,956,883 1061,625 Bonds 5,891,231 418,153 M ?'!? Total U.S.Government securities ~ 22,347,912 Total loans and securities TOTAL ASSETS 2 4,116 323,048 1,064 11,294 47,955,623 2644,309 Phila. Cleve. 6,786,067 1158,142 1449,657 51,309 801,348 60,099 6,837,376 1206,588 1519,994 861,447 58,833 55,245 26 : 48.446 Rich. Atlanta 70,337 16,846 12,230 2,682 : 28,508 5,975 — 22,935 8,475 123 ; Chicago St.Louis Mpls. Kans.Cy. 520,342 316,866 700,575 98,732 44,268 22,276 34.678 856,354 4145,766 564,610 812,844 4047,034 43,510 30,302 4,980 29 53,121 11,585 15,402 11,350 339,142 735,253 7,008 18,750 175 12,260 14,987 Dallas SanFran. 507,829 2278,060 25,121 47,262 532,950 2325,322 13,541 1,060 39,992 1,500 758 ?-Sl %tl lis i i *1:2 lIS i:S- 1567,363 5,016,153 22,502,499 1572,020 Due from foreign banks 24 F.R.notes of other banks 138,553 Uncollected cash items 4,159,268 Bank premises 40,644 Other assets 158,320 New York 1406,131 47,613 70,617 71,768 147,385 474,821 704,230 715,717 1469,813 187,023 277.382 281,907 578,931 2087,518 1485,980 1205,871 3333,303 1218,386 709,457 1052,229 1069,392 2196,129 5,071,424 1421,043 2093,493 1494,578 1210,880 3344,888 1229,736 728,382 1067,216 1070,452 2198,387 l/ 7 17 503 8 : 1 §o 35*241 2 6,839 0-^45 2 7,542 15.006 1 30,114 10,556 1 18,692 Z90 3 13,971 6 *M 1:$a 8,293 23,395 1 6,213 1 1 4,588 6,903 110,886 211,504 1,109 8,413. 4,840 2,591 7.636 1 2 7,612 14,460 195,272 346,192 671 8,548 6,111 1= 12,843,518 2935,065 4068,389 2751,530 2417,270 8279,423 2001,733 1195,956 2043,364 1829,047 4946,019 1/ After deducting $17,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 2 1 , 1951 (In thousands of dollars) H.4.1(c) Total Boston L I A B I L I T I E S 23,016,1+79 H+03,035 Federal Reserve notes Deposits: Member bank-reserve accts. 19,301,051 857,952 608,156 31,531 U.S.Treasurer-general acct, 81+0,159 51,900 Foreign 201,859 5,502 Other Total deposits Deferred avail* cash items Other liabilities and accrued dividends TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section l$b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 20,951,225 946,885 3,054,663 234,985 11,360 963 New York Phila. CIeve. Rich. Atlanta Chicago St.Louis 5,188,271 1632,678 2062,982 1557,698 1241,140 14462,684 1066,873 6,380,922 887,354 1458,539 775,649 821,465 2997,982 41,329 57,876 49,516 98,678 43,266 104,611 35,158 115,520 66,131 77,850 41,855 1/260,035 598 3,057 1,808 5,882 2,634 135,465 428 604 1,600 Dallas SanFran. 613,995 2280,776 676,180 436,903 877,245 940,322 2190,538 39,993 37,290 32,845 29,262 41,959 20,928 30,973 30,973 77,863 30,973 1,050 1.667 1,286 36,405 6*505 6,881,033 1004,809 1640,949 863,404 898,550 3174,435 755,617 502,444 225,774 277,970 280,651 235,715 512,911 141,835 3,l)4o Mpls. Kans.Cy. 603,216 903,131 406 498,874 947,175 1005,426 2334,068 68,222 156,084 175,179 244,893 452 356 503 1170,764 2006,746 1793,103 4860,676 47,033,727 2585,868 12,575,188 2863,865 3983,057 2702,266 2375,833 8151,630 1964,731 5,210 8,605 10,033 24,151 29,280 7,579 73,779 15,985 21,839 10,124 9,334 228,212 12,293 16,852 1+4,519 13,168 19,047 75,345 20,295 153,290 39,710 4 8 , o i 4 25,167 22,369 510,022 32,246 1,307 2,140 1,073 1,137 1,429 521 7,319 4,489 1,006 3,349 762 3,011 27,543 7,752 14,533 5,741 7,829 21,739 8,607 33,942 11,016 14,473 10,624 8,972 156,119 10,891 47,955,623 26144,309 12,843,518 2935,065 4068,389 2751,530 2417,270 8279,423 2001,733 1195,956 2043,364 1829,047 4946,019 4,377 1,174 793 1*174 490 23,946,536 1475,609 5,380,419 1692,739 2155,662 1641,086 1334,152 4550,327 1110,626 614,080 933,987 31,719 2,877 1,967 2/9,736 2,506 1,521 2,950 473 1,586 54 1,332 222 1,174 2,950 117 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notesj Gold certificates Eligible paper U.S. Govt, securities Total collateral 12,544,000 390,000 4,470,000 750,000 53,245 12,230 125,094 4,657 1,000,000 J.£#JL i p y W U 1100,000 ilW X jWWW 1000,000 xwv 12,115,000 24,784,094 1494,657 5,523,245 1762,230 l/ 2/ 765,000 — 1425,000 2190,000 656,119 2401,730 500,000 510,000 2680,000 250,000 170,000 280,000 179,000 1600,000 18,750 14,987 — 1,500 11,350 8,375 450,000 700,000 500,000 1100,000 f 1900,000 925,000 1165,000 850,000 7 „ 1673,375 1360,000 4580,000 1186,350 638,750 994,987 679,000 2701,500 After deducting $580,110,000 participations of other Federal Reserve Banks. After deducting $21,983,000 participations of other Federal Reserve Banks.
@FedFRASER