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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) November 23, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items ^ During the week ended November 21, Member bank reserves decreased $7 million. The principal changes reducing reserves were increases of $119 million in Treasury deposits with Federal Reserve Banks and $100 million in Money in circulation. The principal offsetting changes were increases of $143 million in Reserve Bank credit and $50 million in Gold stock, and a decrease of $16 million in Foreign deposits with Federal Reserve Banks. The incred.se of $143 million in Reserve Bank credit resulted from an increase of $312 million in Float, and decreases of $122 million in U. S. Government securities and $47 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected decreases of $67 million in certificates and $64 million in bills, and an increase of $9 million in bonds. Member Bank Reserves and Related Items Nov. 21j 1951 Change since Nov. 14, Nov . 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 23,275 231 1,238 24,745 22,333 4,689 -122 - 47 +312 +143 + 50 + 1 +3.,979 18 + 621 +4;,583 764 + 67 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) 28,701 1,285 364 578 222 774 +100 + 1 +119 - 16 + 1 - 2 +1 ,251 j 4 + 177 356 86 + 29 Member bank reserves 19,843 - 7 +3,,221 19,101 742 +224 -231 +3,,017 + 204 971 + 79 + Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) - 248 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since November 21, November 14, November 22, 1950 ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 20,426,182 679,436 21,105,618 + + + 44,001 3,953 47,954 + Other cash 300,751 + 5,356 + Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 227,010 4,318 126,970 12,746,198 5,068,073 5,333,777 23,275,018 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 23,506,346 33 173,376 4,l4l,ll8 43,127 145,337 49,415,706 + 47,250 169 - 64,375 66,660 - — — — + - 8,550 122,485 169,566 - + 58,305 20,040 2,092 847,676 +12,674,248 8,912,645 + 1,065,402 + 3,979,329 - 9,824 192,873 72 8,216 291,017 + 3,961,381 + 9 + 39,096 + 702,748 + 5,414 + 30,944 + 4,035,991 112,466 + 1,287,372 - + - + + 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 24,543,231 + 19,842,539 363,993 578,232 222,207 21,006,971 2,902,942 17,246 48,470,390 7,761 118,505 r 16,064 + 1,168 + 95,848 505,354 432 297,472 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 235,131 510,022 27,543 172,620 49,415,706 160 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - 907,248 145,342 761,906 • + 3,220,641 + - - 6,295 291,017 + + + + 176,745 355,877 85,286 2,602,733 81,281 6,377 3,977,763 + + 13,331 21,849 - + 23,048 + 4,035,991 46.3$ .1% 6.2% 17,051 6,273 2,365 438 7,119 2,936 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 21, 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 203,166 Industrial loans U. S. Government securities 524 54,062 72,908 14,115,723 5,396,456 1,013,614 2,622,255 23,275,018 23,580 264 1,028 227,010 4,318 1,478 1,288 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 21, 1951 (In thousands of dollars) A S S E T S Total Gold certificates Redemption fund for F. R. notes Boston 20,426,182 657,999 679,436 60,293 Total gold certificate reserves 21,105,618 718,292 New York Phila. Cleve. Rich. 6,534,963 1135,926 1530,017 943,090 Atlanta Chicago St.Louis 898,298 4165,866 Mpls. Kans.Cy. 569,837 321,213 732,358 47,464 24,588 37,270 6,599,984 1191,168 1604,085 1007,251 944,832 4279,213 617,301 345,801 769,628 6,854 1,800 138 10,645 26,457 8,443 6,851 19,145 4,031 6,923 847,533 687,773 1901,159 694,910 4o4,64l 336,991 273,468 755,928 276,306 160,891 354,659 287,805 795,560 290,792 169,326 5,978 600,142 238,625 251,136 65,021 55,242 74,068 Other cash 20,461 300,751 19,996 15,964 63,532 Discounts and advances 15,882 227,010 3,948 14,979 7,123 Industrial loans 4,318 10 23 3,522 U. S. Govt, securities: Bills 11,860 126,970 37,197 7,989 Certificates 12,746,198 888,147 2,866,781 801,991 1190,622 Notes 5,068,073 353,143 1,139,871 318,883 473,409 Bonds 5,333,777 371,658 1,199,630 335,601 498,228 — — - — - - 64,161 19,556 14,900 88 46,534 22,772 7,006 494 113,347 55,878 38,793 17,644 4,792 mm mm mm Dallas SanFran. 551,764 2384,851 27,790 63,658 579,554 2448,509 16,341 6,037 43 31,108 85,293 6,076 12,477 609,930 1252,569 242,518 498,040 255,232 524,150 Total U. S. Government securities 23,275,018 1612,948 5,243,479 1464,464 2174,119 1547,626 1255,897 3471,792 1268,931 738,889 1095,881 1113,756 2287,236 Total loans and securities 23,506,346 1616,896 Due from foreign banks 33 F.R.notes of other banks 173,376 Uncollected cash items 4,l4l,ll8 Bank premises 43,127 Other assets 145,337 TOTAL ASSETS 2 4,725 406,200 1,027 11,187 ~ 5,259,384 1482,965 2181,252 1562,6l4 1263,397 3510,585 1273,723 1/ 10 25,127 776,094 7,676 32,113 3 5,830 261,466 2,865 8,989 3 9,412 352,465 4,672 14,022 2 39,250 323,226 4,022 9,588 1 15,257 249,277 2,757 7,975 5 16,838 667,905 6,295 21,202 1 9,673 168,313 3,306 7,504 ' 740,827 1122,338 1119,836 2372,529 1 9,820 124,344 1,088 4,465 1 8,572 223,453 2,464 6,877 % 8,982 200,708 657 6,821 3 19,890 387,667 6,298 14,594 49,415,706 2778,325 12,763,920 2969,250 4186,372 2965,509 2506,268 8557,921 2097,465 1233,200 2143,978 1932,900 5280,598 1/ After deducting $23,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 21, 1951 (In thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 24,543,231 1495,435 Federal Reserve notes Deposits: Member bank-reserve accts. 19,842,539 891,821 28,146 U.S.Treasurer-general acct 363,993 35,452 Foreign 578,232 5,196 Other 5,440,069 1728,944 2218,952 1759,653 1338,222 4688,144 1135,560 6,189,967 60,865 1/181,959 154,326 904,025 1525,897 22,063 35,761 45,172 53,177 1,755 5,174 840,645 23,282 28,590 1,975 870,147 3135,010 22.015 48,479 24.016 78,908 1,507 1,938 973,015 1620,009 193,363 258,195 894,492 259,984 1,747 868 Mpls. Kans.Cy. Dallas SanFran. 625,086 953,539 684,823 2474,804 734,142 29,480 21,157 9,315 456,874 18,523 14,295 1,643 946,133 1014,o4o 2333,838 22,472 18,841 34,066 21,157 21,157 53,192 1,314 821 37,243 917,685 3264,335 206,996 472,093 794,094 128,493 491,335 90,307 991,076 1054,859 2458,339 160,986 155,001 257,916 2,423 754 626 Total deposits Deferred avail, cash items Other liabilities and accrued dividends 21,006,971 2,902,942 960,615 260,635 6,587,117 458,973 17,246 1,263 4,670 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,470,390 2717,948 12,490,829 2896,277 4098,903 2914,997 2463,678 8426,995 2058,901 1207,354 2106,261 1895,476 5192,771 30,012 8,287 5,321 8,824 10,646 24,933 235,131 12,954 75,103 16,697 22,383 10,321 9,650 75,345 20,295 13,168 19,047 16,852 44,519 510,022 32,246 153,290 39,710 48,014 25,167 22,369 1,429 521 1,073 1,137 1,307 2,l4o 27,543 3,011 7,319 4,489 1,006 3,349 762 24,140 9,461 6,284 8,709 8,619 16,235 172,620 12,166 37.379 12,077 l6,066 11,675 9,809 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 955 775 660 793 1,712 49,415,706 2778,325 12,763,920 2969,250 4186,372 2965,509 2506,268 8557,921 2097,465 1233,200 2143,978 1932,900 5280,598 630 425 630 840 25,387,030 1534,048 5,656,647 1790,455 2287,188 1815,106 1396,148 4774,925 1178,058 636,755 978,873 12,489,000 350,000 164,811 3,886 13,500,000 1200,000 26,153,811 1553,886 4,470,000 700,000 815,000 565,000 510,000 2590,000 260,000 150,000 280,000 199,000 1600,000 26,420 --85,200 14,575 14,900 — 13,550 — — 4,755 1,525 1,300,000 1100,000 1500,000 1275,000 950,000 2200,000 975,000 505,000 750,000 545,000 1200,000 5,784,575 1814,900 2315,000 1853,550 1460,000 4790,000 1239,755 656,525 1056,420 744,000 2885,200 17,051 6,273 1,055 2/5,255 1,345 1,466 1,583 957 851 72 715 2,349 2,488 630 1,583 450 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 1J After deducting $396,257,000 participations of other Federal Reserve Banks. 2/ After deducting $11,796,000 participations of other Federal Reserve Banks. 730,675 2608,152
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