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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.l+.l (For Immediate Release) November 8, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended November 7, Member bank r e s e r v e s incre ase d $110 m i l l i o n . The p r i n c i p a l changes supplying r e s e r v e s were i n c r e a s e s of $168 m i l l i o n in Reserve Bank c r e d i t and $50 m i l l i o n in Gold s t o c k , and a decrease of $1+1 m i l l i o n in Treasury d e p o s i t s with Federal Reserve Banks. The p r i n c i p a l o f f s e t t i n g changes were i n c r e a s e s of $124 m i l l i o n in Money in c i r c u l a t i o n , $13 m i l l i o n in Other d e p o s i t s with Federal Reserve Banks, and $12 m i l l i o n in Foreign d e p o s i t s with Federal Reserve Banks. The i n c r e a s e of $168 m i l l i o n in 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 $155 m i l l i o n i n Float and $58 m i l l i o n i n Loans, discounts and advances, and a decrease of $45 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 decreases of $4l m i l l i o n i n b i l l s and $4 m i l l i o n in c e r t i f i c a t e s . Member Bank Reserves and Related Items November 7, 1951 Change since October 3 1 , November 8 , 1951 1950 (In 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, discounts and advances Float Total Gold stock Treasury currency o u t s t a n d i n g 23,507 248 84o 24,595 22,284 4,686 - 45 + 58 +155 +168 + 50 Money in c i r c u l a t i o n Treasury cash holdings Treasury deposits with F . R. Banks Foreign 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. accounts ( n e t ) 28,534 1,291 452 568 275 778 +124 + 3 - 41 + 12 + 13 - 2 +1,146 1 + 154 - 460 21 + 30 Member bank r e s e r v e s 19,667 +110 +3,042 18,909 758 - 83 +193 +3,003 + 39 784 +149 + Required r e s e r v e s (estimated) Excess r e s e r v e s (estimated) Daily average excess r e s e r v e s (estimated) —— +4,196 45 + 591 +4,742 - 914 + 64 66 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F. R. notes Total gold c e r t i f i c a t e r e s e r v e s November 7, 1951 Changei since November 8, October 31; 1950 1951 20,381,180 669,617 21,050,797 + + + Other cash 307,196 - Discounts 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 Total U. S. Government s e c u r i t i e s 243,284 4,497 + + 268,945 12,844,308 5,068,073 5,325,227 23,506,553 - T o t a l loans and s e c u r i t i e s Due from f o r e i g n banks F. R. notes of o t h e r banks Uncollected cash items Bank premises Other a s s e t s TOTAL ASSETS 45,499 1,361 46,860 - + - 6,481 1,079,251 135,648 943,603 + 93,865 57,709 105 - 47,391 2,249' 41,500 4,000 510,901 +12,772,358 9,119,645 + 1,053,652 + 4,195,464 + - • - - - - 45,500 23,754,334 33 157,236 3,353,294 42,886 127,095 48,792,871 + 12,314 + + 6,971 1,578 13 8,519 52,650 24,370,110 + 109,504 + 1,177,503 19,666,662 452,453 567,770 274,610 20,961,495 2,513,062 16,321 47,860,988 + 109,671 40,259 + 11,493 + 12,257 + 3,042,131 + 154,509 460,486 : 21,560 + 2,714,594 29,222 + 6,862 + 3,869,737 L I A B I L I T I E S Federal Reserve n o t e s Deposits: Member b a n k - - r e s e r v e accounts U. S, T r e a s u r e r — g e n e r a l account Foreign Other Total d e p o s i t s 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 accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS C a p i t a l paid in Surplus (Section 7) Surplus ( S e c t i o n 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 234,711 510,022 27,543 159,607 48,792,871 R a t i o 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. note l i a b i l t i e s combined Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents I n d u s t r i a l loan commitments * • - % 93,162 + + 156,481 255 46,440 279 + + 6,489 52,650 46,4% + + + + + + + + + 4,150,322 9 31,725 561,683 6,059 21,773 3,921,833 13,205 21,849 + 17,042 + 3,921,833 6.7%; 2,222 14,483 6,857 295 9,263 3,522 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 7, 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 according t o n e a r e s t c a l l d a t e ) Within 15 days 16 to 90 days 91 days t o 1 year Over 1 year t o 5 years Over 5 y e a r s t o 10 years Over 10 years Total Discounts and advances Industrial loans U. S. Government securities 194,929 47,852 503 517 1,045 1,727 243,284 47497 90,975 177,970 14,213,833 5,396,456 1,013,614 2.613,705 23,506,553 1,208 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 7, 1951 ( I n thousands of d o l l a r s ) ASSETS Total RedemptioiffSdSfor F . R. n o t e s 20 '38l>l8° Boston 6 36A30 669.617 58.570 T o t a l gold c e r t i f i c a t e reserves 21,050,797 694,700 Other cash 307,196 Discounts and advances 243,284 I n d u s t r i a l loans 4,497 U. S. Govt, s e c u r i t i e s : Bills 268,945 Certificates 12,844,308 Notes 5,068,073 Bonds 5,325,227 New York Cleve. Rich. 6,707,481 1172,306 1497,764 961,394 60.Q61 51.715 74.4in 66 i n ? 66,794 40,220 23 17,103 6,535 3,651 21,532 6,680 78,132 16,922 25,122 2,872,173 808,164 1199,786 1,133,292 318,883 473,409 1 , 1 9 0 , 7 # , ,335,063 497,430 Atlanta Chicago St.Louis 896,798 4038,348 332,063 701,083 ),< c-7r> oi, Coo c? ->c\> . ^' f 943,582 4147,111 578,236 356,686 738,447 15,922 5,010 6,838 3,675 138 11,017 19,680 17,883 14,512 41,211 14,663 854,057 693,066 1915,794 700,259 336,991 273,468 755,928 276,306 354,090 287,344 794,284 290,326 8,538 407,755 160,891 169,05? 12,663 604,761 238,625 250,733 18,109 6,500 102 liA vflk 531,666 Mpls. Kans.Cy. inA 76? 6,768,444 1226,041 1572,194 1027,496 22,004 6,565 911,658 359,722 377,974 Phila. 22,502 5,914 488 56,463 49,305 Dallas SanFran. 520,616 2385,531 ass s^ 548,482 2449,378 17,211 4,000 48 31,701 89,200 47 12,870 26,429 614,625 1262,210 242,518 498,040 254,823 523,310 T o t a l U. S. Government securities 23,506,553 1649,35% 5,274,392 1479,032 2195,747 1563,021 1268,390 3507,217 1281,554 746,239 1106,782 1124,836 2309,989 T o t a l loans and securities —— 5,314,635 1489,218 2202,427 1569,623 1274,792 3556,522 1286,564 ——-—— 750,052 1126,462 1128,884 2399,236 23,75^,334 1655,919 Due from f o r e i g n banks jrsr 3 Other a s s e t s TOTAL ASSETS 33 2 ' 1 : 1 41 1 2 7 ^ 9,848 1/ 10 3 3 2 1 5 1 \ x 5 1E 4 1 4 1 4 1 4 1 4 S 4 1 4 S 4 § 27,599 7,904 12,509 8,319 7,013 18.692 6.568 3,902 6,045 o 1 3 5,914 ?1 12^82 48,792,871 2654,959 12,760,917 2953,781 4111,952 2929,105 2485,935 8395,097 2065,220 1241,625 2087,740 1852,700 5253,840 1 / A f t e r deducting $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.b.l(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 7, 1951 (In thousands of d o l l a r s ) Total Boston Federal Reserve notes 24,370,110 1463,183 Deposits• Member b a n k - r e s e r v e a c c t s . 19,666,662 847,951 U.S.Treasurer-general a c c t . 452 ,453 40,283 Foreign 567,770 33,809 Other 274,610 3,801 New York Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,369,305 1706,160 2200,871 1763,349 1343,764 4655,475 1132,726 624,881 953,469 684,175 2472,752 6,194,292 107,633 Phila. Cleve. Rich, Atlanta 1/189,861 200,395 911,608 1517,834 31,474 28,281 43,079 50,713 3,268 5,009 831,824 16,398 27,265 4,723 864,600 3112,286 30,703 49,039 22,903 75,251 3,727 1,556 724,846 455,568 32,103 34,386 20,176 13,633 10,885 1,941 910,487 32,889 20,176 800 989,429 1601,837 185,132 221,091 880,210 235,028 921,933 3238,132 177,625 370,484 788,010 105,849 505,528 85,140 964,352 1013,107 2440,932 132,208 118,022 252,179 767 673 970,921 2324 M 5 21,407 27,857 20,176 50,728 603 37,902 Total d e p o s i t s D e f e r r e d a v a i l . c a s h items Other l i a b i l i t i e s and accrued dividends 20,961,495 2,513,062 925,844 205,232 6,692,181 425,072 16,321 1,268 4,198 TOTAL LIABILITIES C a p i t a l paid in Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,860,988 2595,527 12,490,756 2881,61+4 4025,741 2879,481 21444,050 8266,356 2027,352 1216,222 2050,669 1815,917 5167,273 234,711 12,951 75,065 16,684 22,367 10,309 9,645 29,810 8,273 5,303 8,811 10,641 24,852 510,022 32,246 153,290 39,710 48,014 25,167 22,369 75,345 20,295 13,168 19,047 16,852 1+4.519 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 159,607 11,224 34,487 11,254 14,824 10,799 9,109 22,157 8,779 5,859 8,076 7,983 15,056 Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents I n d u s t r i a l loan commitments 923 1,942 894 728 2,265 640 613 1 ,4LO 48,792,871 2654,959 12,760,917 2953,781 4 l l l , 9 5 2 2929,105 21+85,935 8395,097 2065*220 1241,625 2087,740 1852,700 5253,840 12+ ,Ij.83 6,857 899 2A ,448 1,144 1,606 1,346 724 608 1,998 2,488 536 362 536 840 25,192,637 1504,207 5,581,843 1759,197 2287,621 1810,297 1402,846 4743,311 1177,019 633,968 981,012 721,245 2590,071 12,474,000 350,000 173,435 6,565 13,385,000 1200,000 26,032,1+35 1556,565 4,470,000 700,000 815,000 550,000 510,000 2590,000 260,000 150,000 280,000 36,720 6,535 6,200 — 5,010 3,525 19,680 1,200,000 1100,000 1500,000 1275,000 950,000 2200,000 975,000 490^000 750*000 5,706,720 1806,535 2315,000 1831,200 12+60,000 1+790,000 122+6,010 643,525 101+9,680 199,000 1600,000 89,200 545,000 1200*000 7#JOOO 2889^200 1,407 66 536 1,346 450 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. n o t e s o u t s t a n d i n g 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 l / A f t e r deducting $377,893,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. 2 / A f t e r deducting $10,035,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks.
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