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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate R e l e a s e ) May 17, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During t h e week ended May 16, Member bank r e s e r v e s i n c r e a s e d $239 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 an I n c r e a s e of $207 m i l l i o n i n Reserve Bank c r e d i t , and d e c r e a s e s of $28 m i l l i o n i n Money i n c i r c u l a t i o n and $22 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. 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 $17 m i l l i o n i n F o r e i g n d e p o s i t s with F e d e r a l Reserve Banks. The i n c r e a s e of $207 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 $233 m i l l i o n i n F l o a t and $121 m i l l i o n i n Loans, d i s c o u n t s and advances, and a d e c r e a s e of $147 m i l l i o n i n U. S,» Government s e c u r i t i 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 d e c r e a s e s of $165 m i l l i o n i n b i l l s and $8 m i l l i o n i n n o t e s , and an i n c r e a s e of $26 m i l l i o n i n bonds. May 16, Member B a n k R e s e r v e s and R e l a t e d Items 1951 Change since May 9, May 17 , 1951 1950 (In m i l l i o n s o f d o l l a r s ) R e s e r v e Bank c r e d i t : U. S . G o v e r n m e n t 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 22,397 547 969 23,913 21,755 4,643 -147 +121 +233 +207 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. B a n k s F o r e i g n d e p o s i t s w i t h F . R. Banks O t h e r d e p o s i t s w i t h F . R. Banks O t h e r F . R. a c c o u n t s ( n e t ) 27,287 1,297 745 911 303 695 - 28 - 1 - 22 + 17 + 2 - 1 + + + + - Member b a n k r e s e r v e s 19,072 +239 +2,949 18,264 808 + 28 +211 +2,989 40 Required reserves (estimated) Excess r e s e r v e s ( e s t i m a t e d ) Laily average excess reserves (estimated) 605 -- -- +4,996 + 465 + 451 +5,912 -2,475 + 42 307 3 319 Ill 32 21 227 H.ii.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 ) Change s i n c e May 1 7 , May 9 , 1950 1951 May 1 6 , 1951 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 P . R. n o t e s Total gold c e r t i f i c a t e r e s e r v e s 19,880,901 630,441 20,511,342 2,632,531 - 10,000 + 7,333 2,667 - + 105,796 2,526,735 Other cash 325,381 + 2,431 + 120,528 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, 3 . Government s e c u r i t i e s 541,925 4,990 +120,353 + + 462,455 2,449 848,824 -165,527 - — - Total loans and s e c u r i t i e s Due f r o m f o r e i g n b a n k s F , R . n o t e s of o t h e r b a n k s Uncollected cash items Bank p r e m i s e s Other a s s e t s TOTAL ASSETS + mm mm 14,904,633 - C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) S u r p l u s ( 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 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 a n d F . R. n o t e l i a b i l i t i e s c o m b i n e d 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 foreign correspondents I n d u s t r i a l l o a n commitments 7,500 6,643,679 22,397,136 + 26,300 -146,727 22,944,051 33 - 26,202 4,054,391 41,152 ^ 189,6^ 48,194^ +913,719 + 128,052 L I A B I L I T I E S Federal Reserve notes Deposits: Member b a n k — r e s e r v e a c c o u n t s Ue 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 dividends TOTAL LIABILITIES 172 + - - 150 3,250,451 5,771,150 +13,285,233 + 732,979 + 4,996,611 + + + + 5,461,515 4 17,515 801,315 6,422 156 + + 7,309 +894,896 + + 53,05U 3,933,618 2 3 , 1 5 1 , 2 6 8 - ^ - 28,142 + 355,631 3-^U 19,072,082 745,395 910,700 303,251 21,031,428 3,085,287 13,453 47,281,4^ so 229,279 510,022 27,543 11:5,732 +238,730 - 21,476 + l6,689 + 2,052 +235,995 +680,223 + 1,111 +889,187 291 5,418 +894,096 2,948,731 319,560 111,477 + 32,360 + 3,189,174 + 350,274 + 333 + 3,895,412 + 4- + 13,512 + 21,849 + 2,845 + 3,933,618 10*3# 1+6 $1,26U 2,592 172 23 + 25,879 1,286 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY l 6 , 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 d a y s 16 t o 9 0 d a y s 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 524,734 Industrial loans 316 17,040 151 2,818 541,925 ' 4,990 " 545 1,311 U. S. Government securities 533,241 4,016,361 8,471,707 4,436,766 1,031,904 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY. l 6 , 1 9 5 1 ( 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 cash D i s c o u n t s a n d advances I n d u s t r i a l loans U. S . G o v t , s e c u r i t i e s : Bills Notes Bonds T o t a l U. S . G o v e r n m e n t securities Total Boston New York Cleve. Rich. 19,880,901 638,368 6 , 4 8 4 , 1 2 5 1180,881 1421,828 760,746 630.441 57.808 20,511,342 696,176 325,381 541,925 4,990 38,896 7,636 — 62,042 296,844 26 848,824 58,474 1 4 , 9 0 4 , 6 3 3 1057,916 6 , 6 4 3 , 6 7 9 469,787 209,218 3,332,869 1.505,023 2 2 , 3 9 7 , 1 3 6 1586,177 5 , 0 4 7 , 1 1 0 1406,082 2087,446 1485,928 1205,829 3333,187 1218,344 709,432 1052,193 1069,355 2196,053 2 2 , 9 4 4 , 0 5 1 1593,813 5 , 3 4 3 , 9 8 0 1433,516 2122,460 1 4 9 6 , 0 l 4 1207,901 3403,922 1219,544 745,886 1066,021 1071,695 2239,299 52.394 Phila. 51.131 72,173 63,056 6 , 5 3 6 , 5 1 9 1232,012 1494,001 823,802 15,397 24,075 3,359 23,815 34,634 380 20,695 9,960 126 51,835 76,953 937,800 1392,242 4l6,447 618,251 54,778 991,054 440,096 Atlanta Chicago S t . L o u i e 821,484 4173,596 Mpls. Kans.Cy. 525,479 315,144 724,814 104,432 43,860 23,587 34^63 866,093 4278,028 569,339 338,731 759,177 49,282 70,f35 — 14,278 1,200 — 7,731 36,300 154 11,228 13,828 — 44,453 122,877 804,239 2223,101 357,137 987.209 44,915 812,585 360,844 26,153 473,163 210,116 38,789 701,770 311.634 44,609 . 29,973 1,932 140 „ Dallas SanFran. 490,425 2344,011 26,803 „ 56,225 . 517,228 2400,236 13,492 2,310 30 38,552 42,471 775 , 39,422 80,957 713,216 1464,678 316,717 650,418 T o t a l l o a n s and securities Due f r o m f o r e i g n b a n k s i>'SH 2 l / 10 3 3 F . R . n o t e s of o t h e r banks 1 2 8 , 0 5 2 / 5,026 Unc o l l e e t e d c & eh i t e m s 4 , 0 5 4 , 3 9 1 339,437 Bank p r e m i s e s 41,152) 1,055 Other a s s e t s 189, feq 13.772 19,612 738,741 7,610 41,985 5,082 251,275 2,898 11.635 7,452 411,364 4,739 18,083 TOTAL ASSETS 33 / 2 26,285 344,705 3,o6l 12.728 1 5 13,089 272,108 2,197 10.118 15,205 715,775 5,669 28.158 1 1 8,602 3,220 173,317 1 1 0 , 4 i 8 3 , 4 3 9 / 6 1,104 10.QS2 7 6.009 1 1 3 6,845 183,220 2,559 9,140 5,195 176,216 669 9.054 12,439 337,815 6,152 18.836 4 8 , 1 9 4 ^ 2 2688,177 1 2 , 7 5 0 , 4 9 9 2951,818 4081,917 2727,292 2401,480 8496,044 1998,£±2 1213,100 2038,191 1793,550 5053,332 3.tU A<> l / A f t e r d e d u c t i n g $23,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. H.lul(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 1 6 , 1951 ( I n t h o u s a n d s of d o l l a r s ) r 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 23,151,268 142^,186 Deposits; Member b a n k - r e s e r v e a o c t s , 19,072,082 803,190 U.S.Treasurer-general acct 71,099 745,395 Foreign 910,700 54,957 Other 303,251 4,739 Phila. Cleve. R i c h . A t l a n t a Chicago S t , L o u i s V M p l s , Kans.Cy. New York 5 , 2 0 8 , 4 5 8 1633,917 2085,992 1550,61+3 1248,831 4500,760 1067,870 605,835 9 0 6 , 7 7 3 914,350 1427,992 82,547 71,495 84,165 1,349 4,817 778,737 40,327 45,250 3,874 796,782 3120,523 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 21,031,428 6 , 7 5 1 , 1 2 6 1048,230 1 5 9 9 , 5 2 1 5 2 0 , 7 3 5 1 9 8 , 4 2 9 310,558 868,188 259,263 890,593 3345,787 220,710 521,481 1,296 563 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 4 7 , 2 8 1 , 4 5 ^ 2 6 3 0 , 2 7 9 1 2 , 4 8 4 , 5 6 8 2881,298 3997,367 2678,657 2360,675 8369,931 1962,047 1188,155 2001,974 1757,860 4968,625 24,392 10,221 16,030 21,963 10,157 9,348 29,328 7,634 5,215 8,628 229,279 12,298 74,065 1 6 , 8 5 2 4 4,519 39,710 48,014 25,167 22,369 75,345 20,295 13,168 19,047 510,022 32,246 153,290 1,307 2,140 4,489 1,006 3,349 762 1,429 521 1,073 1,137 27,543 3,oil 7,319 7,310 13,656 10,291 13,567 9,962 8,326 20,011 8,115 5,489 7,405 145,732 10,343 31,257 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 l o a n commitments 3,085,287 933,985 270,936 0 1 3 , 4 5 3 '\ 1,172 6,087,379 141,105 , 6 1 , 0 3 6 1/284,676 722 4,249 48,86i 38,010 6,940 541 98,523 124,890 1,851 1,903 678,114 425,1(48 41,3^0 49,278 33,485 22,625 886,828 916,007 2236,732 30,140 33,1485 2,287 606 760,056 4 9 9 , 6 3 8 82,229 951,059 143,680 453 457 7,H7 133,632 4 8 1 A1 D a l l a s SanFran* 619,482 2298,508 32,305 48,834 33,485 491 84,177 31,214 982,288 2400,957 155,499 268,135 591 1,025 4 8 , 1 9 4 7 0 1 2 2 6 8 8 , 1 7 7 1 2 , 7 5 0 , 4 9 9 2951,818 4081,917 2727,292 2401,480 8496,044 1 9 9 8 , 6 ^ 1213,100 2038,191 1793,550 5053,332 jtffc 31,264 1,938 2,470 1,087 2,908 4,314 782 1,157 5 , 4 1 0 , 6 3 4 1715,686 2185,440 1625,804 1362,193 4576,796 1108,002 617,536 938,143 667,910 2417,930 250,000 150,000 280,000 159,000 1500,000 1,200 36,300 681 1,563 48 1,313 205 480 1,157 2,908 91 1,157 2/9,597 2,592 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 : 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 24,109,410 1483,336 12,204,000 430,650 350,000 4,470,000 7,636 12,570,000 1200,000 25,204,650 1557,636 720,000 765,000 24,075 — 296,145 450,000 9,660 510,000 2600,000 — — 1,000,000 1000,000 1425,000 1215,000 900,000 2000,000 925,000 490,000 5,766,145 1744,075 2190,000 1674,660 1410,000 4600,000 1176,200 676,300 l/ A f t e r d e d u c t i n g $ 6 2 6 , 0 1 2 , 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 B a n k s . 2/ A f t e r deducting $ 2 1 , 6 6 7 , 0 0 0 p a r t i c i p a t i o n s o f o t h e r F e d e r a l R e s e r v e Banks. 13,693 700,000 993,693 — 4l,94l 515,000 1200,000 674,000 2741,941
@FedFRASER