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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) October 4, 1951 CONDITION OF THE FEDERAL RESERVE B A M S Member Bank Reserves and Related Items During the week ended October 3, Member bank reserves increased $635 million. The principal changes supplying reserves were decreases of $419 million in Treasury deposits with Federal Reserve Banks, $44 million in Foreign deposits with Federal Reserve Banks, and $14 million in Other deposits with Federal Reserve Banks, and an increase of $353 million in Reserve Bank credit. The principal offsetting changes were increases of $183 million in Money in circulation and $22 million in Other F. R. accounts (net). The increase of $353 million in Reserve Bank credit resulted from an increase of $565 million in U. S. Government securities, and decreases of $147 million in Loans, discounts and advances and $66 million in Float. Holdings of U. S. Government securities reflected increases of $310 million in notes, $185 million in certificates, $67 million in bills, and $3 million in bonds. Member Bank Reserves and Related Items Oct. 3, 1951 Change since Oct. 4, Sept. 26, 1950 1951 (In millions of dollars) Reserve Bank credit: U, S» Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 24,039 74 917 25,030 22,015 4,680 +565 -147 - 66 +353 + 2 + 4 +4,664 + 27 + 367 +5,058 -1,467 + 63 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) 28,320 1,284 397 725 241 753 +183 - 4 -419 - 44 - 14 + 22 +1,132 24 - 451 - 262 60 60 Member "bank reserves 20,004 +635 +3,378 18,829 1,175 + 22 +613 +2,981 + 397 770 + 55 - Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 87 HA.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) October 3, 1951 A S S E T S Gold certificates Redemption fund for F, R. notes Total gold certificate reserves 20,110,680 670,907 20,781,587 310,047 Other cash Change since October 4, September 26, 1950 1951 + 10,098 3,097 7,001 -1,628,748 + 145,377 -1,483,371 - 17,791 + 96,064 146,907 294 + + 24,440 2,961 + - 68,722 5,188 Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 892,072 5,111,525 12,210,065 5,825,227 24,038,889 + + + + + 66,850 185,300 309,900 3,125 565,175 - 464,282 +5,041,275 -1,913,753 +2,000,752 +4,663,992 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 24,112,799 38 155,161 3,418,667 42,501 186,929 49,007,729 + 418,562 - + 16,829 312,686 101 17,880 60,478 +4,691,393 + 14 + 18,755 + 308,259 + 6,357 + 116,690 +3,754,161 — — — - + - 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 24,155,945 + 144,910 +1,144,253 20,003,662 397,179 725,138 241,189 21,367,168 2,501,930 16,470 48,041,513 + 634,421 419,033 + 13,540 157,729 246,416 2,273 53,950 +3,377,838 - 451,250 - 262,121 59,915 +2,604,552 58,375 + 8,126 +3,698,556 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 233,528 510,022 27,543 195,123 49,007,729 + 217 + 6,311 60,478 Ratio of gold certificate reserves to deposit 45.7$ and F. R. note liabilities combined Contingent liability on acceptances purchased 21,020 for foreign correspondents 6,871 Industrial loan commitments - - + - + 44,119 + + + -2$ 144 306 12,738 21,849 + 21,018 +3,754,161 - 7.6$ + 1,563 5,331 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 3, 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 58,715 10,007 Industrial loans 548 1,960 2,395 285 68,722 5,188 U. S. Government securities 4,696,985 3,837,079 6,481,050 4,896,456 1,013,614 3.113,705 24,038,889 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 3, 1951 (in thousands of dollars) A S S E T S Total Boston 20,110,680 687,598 670,907 59,160 Total gold certificate reserves 20,781,587 746,758 Gold certificates Redemption fund for F. R. notes Other cash 310,047 Discounts and advances 68,722 Industrial loans 5,188 U. S. Govt, securities: Bills 892,072 Certificates 5,111,525 Notes 12,210,065 Bonds 5,825,227 22,927 2,675 10,389 362,811 866,657 413,469 New York Phila. Cleve. Rich. 6,586,046 1111,988 1417,350 916,234 62,965 75,112 63,960 6,649,011 1166,621 1492,462 980,194 65,107 18,815 23 262,309 1,143,003 2,730,330 1,302,596 54,633 18,712 4,145 3,781 21,107 965 296 17,159 4,625 336 56,129 83,328 321,617 477,468 768,258 1140,543 366,523 544,134 59,317 339,881 811,883 387,337 Atlanta Chicago St.Louis 867,998 4082,334 Mpls. Kans.Cy. 520,752 298,721 714,671 109,895 45,776 24,206 35,585 915,273 4192,229 566,528 322,927 750,256 13,793 16,705 8,438 775 142 12,602 6,649 6,646 162,270 387,621 184,928 42,002 240,671 574,899 274,275 47,275 21,978 3,243 380 59,105 8,575 48,135 149,429 275,813 762,409 658,843 1821,192 314,323 868,862 44,037 278,675 665,680 317,586 Dallas SanFran. 506,398 2400,590 28,088 64,252 534,486 2464,842 16,272 77 32,847 1,550 153 42,687 87,664 244,597 502,310 584,276 1199,883 278,749 572,445 Total U. S. Government securities 24,038,889 1653,326 5,438,238 1512,527 2245,473 1598,418 1297,114 3601,892 1305,978 Total loans and securities ~~ __________ 5,457,076 1520,453 2246,734 1603,379 1300,737 3610,467 1322,683 742,382 1138,496 1150,386 2364,005 24,112,799 1656,001 Due from foreign banks 38 F.R.notes of other banks 155,l6l Uncollected cash items 3,418,667 Bank premises 42,501 Other assets 186,929 TOTAL ASSETS 2 5,694 299,954 1,031 13,879 l/l2 21/741 603,263 7,536 41,699 3 6,468 206,650 2,871 11,650 4 7,438 299,801 4,688 17,852 2 28,907 273,452 3,825 12,473 2 12,127 215,486 2,554 10,204 5 17,611 607,092 6,201 27,406 1 7,765 156,830 3,328 9,863 741,465 1131,847 1150,309 2362,302 1 11,971 110,652 1,091 5,796 1 8,468 201,015 2,480 8,941 1 8,698 125,488 653 8,713 4 18,273 318,984 6,243 18,453 49,007,729 2746,246 12,845,445 2933,428 4090,086 2919,391 2478,361 8520,116 2080,791 1203,258 2122,259 1844,697 5223,651 l/ After deducting $26,000 participations of other Federal Reserve Banks, H.4.1(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 3, 1951 (In thousands of dollars) Total Boston Federal Reserve notes 24,155,945 1456,345 Deposits: Member tank-reserve accts. 20,003,662 913,872 U.S.Treasurer-general acct. 397,179 32,938 Foreign 725,138 44,305 Other 241,189 4,020 Total deposits 21,367,168 995,135 Deferred avail, cash items 2,501,930 232,389 Other liabilities and accrued dividends 16,470 1,101 TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) #$her capital accounts . LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on -acceptances purchased for foreign correspondents Industrial loan commitments New York Phila. Cleve, Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 5,336,497 1689,553 2185,112 1720,558 1330,524 4642,356 1107,034 615,092 945,893 674,081 2452,900 6,407,915 65,616 1/229,906 169,038 956,200 2331,063 25,502 14,893 26,440 66,473. 858 41,913 934,348 1492,627 17,225 16,144 56,453 66,458 1,370 5,374 853,306 27,582 35,730 3,383 861,754 3170,137 36,067 54,836 30,013 98,615 1,386 1,600 707,547 68,157 26,440 9.144 443,210 16,199 17,865 1,963 931,683 22,020 26,440 1,140 6,872,475 1009,396 1580,603 353,516 159,189 233,183 920,001 226,104 929,220 3325,188 174,135 416,232 811,288 122,022 479,237 981,283 1009,000 2454,342 710 506 4.669 925 l,86l 801 730 2,437 81,882 155,863 122,637 224,778 633 657 1,440 48,041,513 2684,970 12,567,157 2859,063 4000,759 2867,464 2434,609 8386,213 2041,054 1176,717 2083,672 1806,375 5133,460 233,528 12,341 74,901 16,681 22,320 10,276 9,607 29,765 8,191 5,302 8,768 10,540 24,836 510,022 32,246 153,290 39,710 48,014 25,167 22,369 75,345 20,295 13,168 19,047 16,852 44,519 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o 195,123 13,678 42,778 13,485 17,987 13,135 11,014 27,364 10,730 6.998 9,635 9,623 18,696 49,007,729 2746,246 12,845,445 2933,428 4090,086 2919,391 2478,361 8520,116 2080,791 1203,258 2122,259 1844,697 5223,651 21,020 6,871 1,304 2/6,448 1,661 1,955 1,052 48 883 2,902 2,527 778 526 778 845 5,581,285 1770,488 2282,304 1768,800 1372,924 4725,368 1147,065 623,982 971,131 1,655 1,121 778 1,955 675. FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F.R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 25,058,864 1501,110 713,448 2600,959 12,349,000 350,000 4,470,000 700,000 815,000 535,000 510,000 2590,000 260,000 150,000 280,000 189,000 1500.000 55,3l4 2,675 18,815 4,l45 — 4,000 — — 16,705 775 6,649 — 1 550 1.3,285,000 1200,000 1,200,000 1100,000 1500,000 1275,000 900,000 2200,000 975,000 490.000 700,000 545,000 1200*000 25,089,314 1552,6755,688,815 1804,145 2315,000 1814,000 1410,000 4790,000 1251,705 640,775 986,649 734^000 2701^550 l/ After deducting $495,218,000 participations of other Federal Reserve Banks. 2/ After deducting $14,572,000 participations of other Federal Reserve Banks.
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