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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) October 25, 1951 CONDITION OF TEE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended October 24, Member bank reserves decreased $235 million. The principal changes reducing reserves were a decrease of $276 million in Reserve Bank credit and an increase of $183 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $84 million in Money in circulation, $50 million in Foreign deposits with Federal Reserve Banks, $39 million in Other deposits with Federal Reserve Banks, and an increase of $39 million in Gold stock. The decrease of $276 million in Reserve Bank credit resulted from decreases of $182 million in U. S. Government securities and $176 million in Float and an increase of $82 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected a decrease of $182 million in Bills. Member Bank Reserves and Related Items Oct. 24, 1951 Change since Oct. 17, Oct. 25, 1951 1950 (In millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,666 156 1,019 24,841 22,144 4,683 -182 + 82 -176 -276 + 39 + 2 +4,437 + 104 + 548 +5,088 -1,146 + 65 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) 28,301 1,291 509 655 231 850 - 84 - 5 +183 - 50 - 39 - 1 +1,180 9 + 89 - 417 - 64 + 45 Member bank reserves 19,833 -235 +3,184 19,078 755 +209 -444 +3,116 + 68 Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 1,096 + 110 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) October 24, 1951 Change since October 17, October 25 1951 1950 20,245,681 668,290 20,913,971 + 48,999 - 1,482 + 47,517 - Other cash 317,706 + 14,551 + 79,056 Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 151,877 4,549 + 82,514 109 + + 101,635 2,383 424,295 12,848,308 5,068,073 5,325,227 23,665,903 -181,900 391,314 +12,778,358 9,217,445 + 1,267,252 + 4,436,851 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 23,822,329 33 172,453 3,693,498 42,964 109,316 49,072,270 - 99,495 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves — — — — mm — -181,900 + 1,307,750 135,123 1,172,627 + 12,264 -942,201 + 168 + 8,180 -959,016 + + + + + + + 4,540,869 9 18,992 501,221 6,080 18,534 3,992,134 1,178,168 LIABILITIES 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 24,168,708 - 56,976 + 19,832,559 509,294 654,648 230,778 21,227,279 2,674,463 15,901 48,086,351 -235,898 +183,654 - 50,787 - 39,239 -142,270 -766,213 869 -966,328 3,183,876 88,961 417,097 64,566 + 2,791,174 46,442 + 5,058 + 3,927,958 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 234,369 510,022 27,543 213,985 49,072,270 + Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 607 — — — + + - - - + + 13,237 21,849 + 29,090 — — — + 6,705 -959,016 46.1% + .3 $ 18,376 - 1,726 113 + 3,992,134 - 7-2% - 4,796 4,076 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 24, 1951 (Callable Government securities classified according to nearest call 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 Industrial loans U, S..Government securities 129,157 22,216 504 592 605 2,156 1,196 135,820 288,475 14,217,833 5,396,456 1,013,614 151,877 4,549 23,665,903 2,613,705 H.4.1(b) A S S E T S Gold certificates Redemption fund for F. R. notes STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 24, 1951 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas ; SanFran. 20,245,681 609,564 6,718,497 1145,248 1469,206 949,032 877,426 3985,230 553,199 299,239 734,138 462,158 2442,744 668,290 58,749 61,607 53,977 74,623 65,241 46,935 109,027 46,637 24,147 35,474 27,920 63,953 Total gold certificate reserves 20,913,971 668,313 6,780,104 1199,225 1543,829 1014,273 924,361 4094,257 599,836 323,386 769,612 490,078 2506,697 Other cash 70,034 17,573 22,342 18,970 22,689 59,020 14,297 317,706 22,388 7,319 11,909 16,175 34,990 Discounts and advances 6,400 2,410 53,700 9,560 4,637 6,730 151,877 3,680 6,755 2,225 14,480 370 40,930 - - Industrial loans 23 104 426 4,549 3,656 96 141 48 55 U. S. Govt, securities: Bills 424,295 21,139 105,541 26,697 39,633 28,213 22,894 73,950 23,132 1,120 19,977 20,304 41,695 Certificates 12,848,308 911,960 2,873,049 8o8,4l6 1200,160 854,323 693,282 1916,390 700,477 407,882 604,950 614,816 1262,603 Notes 5,068,073 359,727 1,133,287 318,883 473,409 336,991 273,468 755,928 276,306 160,891 238,625 242,518 498,040 Bonds 5,325,227 377,979 1,190,790 335,063 497,430 354,090 287,344 794,284 290,326 169,055 250,733 254,823 523,310 — — — •at mm Total U. S. Government securities 23,665,903 1670,805 5,302,667 1489,059 2210,632 1573,617 1276,988 3540,552 1290,241 738,948 1114,285 1132,461 ; 2325,648 Total loans and securities 23,822,329 1675,442 5,312,250 1499,470 2217,458 1580,121 1279,824 3594,252 1293,921 741,314 1128,765 1132,886 ; 2366,626 Due from foreign banks 2 33 F.R,notes of other banks 172,453 9,195 Uncollected cash items 3,693,498 287,241 Bank premises 42,964 1,031 Other assets 109,316 8,524 TOTAL ASSETS 1/ 10 2 1 3 3 1 1 1 5 1 3 30,722 8,687 31,646 10,526 17,714 7,689 9,802 9,338 9,070 9,636 18,428 699,466 210,377 322,056 292,330 226,894 637,009 166,997 121,791 225,194 178,683 325,460 7,688 4,684 2,865 2,644 6,264 3,998 3,328 2,480 1,091 6,238 653 23,848 6,753 10,361 7,056 6,105 16,280 5,624 5,208 3,331 11,071 5,155 49,072,270 2672,136 12,924,122 2943,955 4129,420 2948,396 2473,044 8424,801 2093,342 1208,035 2152,239 1833,267 5269,513 l/ After deducting $23,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 24, 1951 (In thousands of dollars) H.4.1(c) L I A B I L I T I E S Total Boston 24,168,708 1456,653 Federal Reserve notes Deposits: Member bank-reserve accts. 19,832,559 859,020 U.S.Treasurer-general acct. 509,294 23,543 Foreign 654,648 40,405 Other 230,778 2,469 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 5,315,369 1691>73 2194,826 1737,434 1322,839 4646,129 1118,961 6,458,243 97,949 1/203,005 167,254 922,869 1495,558 36,131 39,317 51,484 1,523 60,608 4,546 32,585 2,405 943,341 722,285 422,377 932,248 45,328 27,811 673,387 2450,473 911,544 2362,490 28,846 38,181 24,113 60,623 24,113 l,o4o 36,260 1,146 29,978 68,314 38,048 27,371 1,825 89,935 2,081 24,113 7,580 16,293 2,649 918,307 3196,367 186,355 443,228 799,306 133,486 469,130 93,426 995,555 173,126 692 579 633 21,227,279 2,674,463 925,437 225,755 15,901 1,282 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,086,351 2609,127 12,641,609 2868,402 4038,298 2895,184 2428,28? 8288,062 2052,445 1180,958 2112,655 1793,947 5177,377 234,369 12,798 74,907 16,686 22,372 10,309 9,631 29,807 8,266 5,303 8,808 10,633 24,849 510,022 32,246 153,290 39,710 48,014 25,167 22,369 75,345 20,295 13,168 19,047 16,852 44,519 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 3,011 14,954 3,758 7,319 46,997 889 4,489 14,668 1,838 1,006 19,730 921,593 235,347 859,133 3036,037 617,823 Dallas SanFran. Total deposits Deferred avail, cash items Other liabilities and accrued dividends 27,543 213,985 6,926,451 1012,007 1600,029 396,031 164,033 241,605 850,755 35,848 Mpls. Kans.Cy. 810 3,349 14,387 786 762 11.995 2,338 1,429 30,158 521 11,815 1,073 7,533 1,137 10,592 965,543 -2497,554 154,240 227,831 777 1,307 10,528 1,519 2,l4o 20,628 49,072,270 2672,136 12,924,122 2943,955 4129,420 2948,396 2473,044 8424,801 2093,342 1208,035 2152,239 1833,267 5269,513 18,376 7,166 1,139 2/5,644 1,451 1,774 1,709 1,320 918 48 772 2,535 2,514 680 459 680 845 680 1,709 665 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 25,146,024 1511,016 5,582,582 1758,471 2283,508 1793,940 1381,538 4739,668 1169,205 629,918 972,218 717,442 2606,518 815,000 535,000 535,000 510,000 510,000 2590,000 2590,000 260,000 150,000 280,000 189,000 1600,000 12,449,000 350,000 4,470,000 700,000 815,000 -—4o,000 81,117 4,017 6,290 5,965 5,600 —3,310 1,825 14,110 545>000 1200,000 13,335,000 1200,000 1,200,000 1100,000 1500,000 1275,000 900.000 2200,000 975,000 490,000 750,000 25,865,117 1554,017 5,676,290 1805,965 2315,000 1815,600 1410,000 4790,000 1238,310 641,825 1044,110 734,000 2840,000 1/ After deducting $451,628,000 participations of other Federal Reserve Banks. 2/ After deducting $12,732,000 participations of other Federal Reserve Banks.
@FedFRASER