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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) September 6, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items _ _ During the week ended September 5, Member bank reserves decreased $4-6 million. The principal changes reducing reserves were increases of $228 million in Money in circulation and $26 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $ 1 9 million in Treasury deposits with Federal Reserve Banks, and increases of $54 million in Gold stock and $5 million in Reserve Bank credit. increase of $5 million in Reserve Bank credit resulted from incieases of $26 million in Float and $13 million in U. S. Government securities, an ^a decrease of $35 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected increases of $11 million in bills and $2 million in certificates. Member Bank Reserves and Related Items Sept. 5, 1951 Change since August 29, Sept. 6, 1951 1950 (In millions of dollars) Reserve Bank credit: U. S. Government securities Loans, discounts and advances Float Total Gold stock Treasury currency outstanding 23,079 248 678 24,006 21,854 4,672 + 13 - 35 +26 + 5 + 54 + 4 +4,137 + 147 + 284 +4,568 -1,723 + 59 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) 28,262 +228 +1,003 1,299 408 78l 24l 714 + 8 -149 - 3 +26 - 3 - Member bank reserves 18,825 - 46 +2,214 18,391 434 - 85 + 39 +2,644 - 430 639 + 68 + Required reserves (estimated) Excess reserves (estimated) Daily average excess reserves (estimated) 12 103 147 51 2 95 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves September 5, 1951 Change since August 29, September 6 1951 1950 19,936,180 + 674,979 20,611,159 + 40,001 9,768 49,769 -1,885,249 + 157,034 -1,728,215 30,232 + 84,698 143,931 3,297 + Other cash 299,473 - Discounts and advances Industrial loans U. S. Government securities: Bills Certificates Notes Bonds Total U. S. Government securities 242,787 - 35,091 44 + + + + 11,250 2,000 -1,730,965 - 231,311 +7,561,465 -1,462,510 +4,136,679 5,562 567,842 4,850,575 11,838,465 5,822,102 23,078,984 Total loans and securities Due from foreign "banks F. R. notes of other banks Uncollected cash items Bank premises Other assets TOTAL ASSETS - -- + 13,250 • 21,885 47,684,891 + + 6,591 35,256 39 8,540 34,818 +4,283,907 + 14 + 28,680 + 313,098 + 6,294 + 47,635 +3,036,111 24,095,983 + 192,665 +1,041,602 18,825,355 407,810 781,026 241,283 20,255,474 2,375,302 15,402 46,742,161 - 45,335 - 149,132 3,415 + 25,908 - 171,974 + 8,834 +2,214,655 - 103,558 - 147,292 50,538 +1,913,267 + 29,099 + 7.002 +2,990,970 23,327,333 38 149,384 3,053,541 42,217 201,746 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 --- C A P I T A L A C C O U N T S Capital paid in 233,132 Surplus (Section 7) 510,022 Surplus (Section 13b) 27,54-3 172,033 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,684,891 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - + - 316 + 29,209 200 + + ^0? 34, 46.5# + .1$ 24,216 5,978 + + BIB 944 1,936 + + 12,526 21,849 + 10,766 +3,036,111 7.5* + + 6,058 3,510 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 5, 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 228,384 14,403 — 242,787 Industrial loans 554 952 3,247 809 ... — 5,562 U, S, Government securities 83,000 7,757,234 6,218,100 4,878,166 1,031,904 3,110,580 23,078,984 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 5, 1951 (In thousands of dollars) A S S E T S Total Boston 19,936,180 629,563 674,979 59,678 20,611,159 689,241 Gold certificates Redemption fund for F. R. notes New York Cleve. Rich. 6,490,012 1128,330 1436,322 883,44? 64,846 Phila. 54,533 75,8l4 63,684 6,55^,858 1182,863 1512,136 947,131 Atlanta Chicago St.Louis 840,701 4l6l,715 Mpls. Kans.Cy. 520,956 304,926 110,4l8 45,991 23,775 888,466 4272,133 566,94? 58,656 15,4l6 26,400 47,765 Dallas SanFran. 728,425 529,194 2282,589 35,731 28.176 64.568 Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds 299>73 242,78? 5,562 62,893 23,234 7,051 — 105,115 23 16,633 9,920 4,195 21,026 2,625 335 16,093 6,390 2?0 19,936 9,565 364 39,535 328,701 764,156 557,370 2347,157 7,817 5,875 11,253 23,145 — 145 13,068 193 66 33,448 6,973 l64 34,470 51,174 36,427 29,561 91,909 8,501 17,392 25,795 26,216 53,836 305,072 452,905 322,396 261,624 723,189 264,340 153,923 228,290 232,014 476,470 11,838,465 840,282 2,647,234 744,876 1105,832 787,176 638,792 1765,767 645,421 375,823 557,402 566,494 1163,366 5,822,102 413,247 1,301,898 366,327 543,842 387,129 314,155 868,395 317,415 184.829 274,128 278,599 572,138 4,850,575 567,842 4,412 344,147 23,078,984 1602,088 188,149 1,086,205 Total U. S. Government securities Total loans and securities " " 23,327,333 1609,139 Due from foreign banks 38 F.R.notes of other banks 149,384 Uncollected cash items 3,053,541 Bank premises 42,217 Other assets 201,746 TOTAL ASSETS 5,223,486 1450,745 2153,753 1533,128 1244,132 3449,260 1235,677 4?,684,891 2 4,752 244,?42 1,036 15,023 5,328,624 1464,860 1 / 12 20,873 600,353 7,552 44,294 3 7,946 181,682 2,8?6 12,486 2156,713 4 7,193 2?8,2?4 4,701 19,437 — 262,388 3,664 13,435 2 12,812 202,192 2,452 11,122 1085,615 — — — — — 1539,788 1254,061 3488,795 2 28,601 731,96? 1262,077 737,98? 1 \ 11,4?6 93,485 1,093 6,348 5 15,455 6,862 6,154 29,853 130,750 3,351 10.775 498,567 1103,323 2265,810 — ——• 1108,760 1103,582 2272,947 \ 7,443 171,482 2,495 9,626 \ 6,403 4 9,373 19,974 19,568 134,597 255,029 655 6,188 2587,169 12,619,459 2869,349 3999,484 2811,102 2391,043 8369,618 1996,179 1186,908 2075,216 1825,049 4954,315 1/ 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 <M SEPTEMBER 5, 1951 (in thousands of dollars) Total Boston 24,095,983 1459,983 Federal Reserve notes Deposits: Member bank-reserve accts. 18,825,355 782,578 21,351 U.S.Treasurer-general acct. 407,810 47,325 Foreign 781,026 2,694 Other 241,283 Total deposits Deferred avail, cash items Other liabilities and accrued dividends TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments New York Phila. Cleve. Rich. Atlanta Chicago St. Louis 5,353,648 1690,804 2184,721 1675,347 1321,152 4648,364 1100,435 Mpls. Kans.Cy. Dallas SariFr&n. 610,306 944,809 674,489 2431,925 6,028,094 54,981 1/252,046 176,585 862,428 1432,519 31,091 17,874 60,301 70,987 1,980 5,397 799,599 22,410 38,165 3,690 798,397 3062,137 35,162 70,187 32,059 105,335 2,577 2,666 690,336 26,260 28,242 7,361 435,029 26,366 19,083 1,359 896,295 32,843 28,242 1,521 941,153 2096,790 27,982 41,303 28,242 70,999 908 34,545 955,800 1526,777 149,044 199,095 863,864 220,785 868,195 3240,325 158,534 348,128 752,199 104,421 481,837 68,449 958,901 133,393 998,285 2243,637 114,453 189,620 676 505 570 20,255,474 2,375,302 853,948 212,459 6,511,706 476,921 15,402 1,120 4,360 878 1,698 687 794 2,106 613 1,395 46,742,161 2527,510 12,346,635 2796,526 3912,291 2760,790 2348,568 8238,923 1957,731 1161,097 2037,673 1787,840 4866,577 5,279 8,750 10,526 24,831 74,893 16,599 22,293 10,199 9,54l 29,713 8,167 233,132 12,341 13,168 19,047 16,852 44,519 153,290 39,710 48,014 25,167 22,369 75,345 20,295 510,022 32,246 1,073 1,137 1,307 2,140 7,319 4,489 1,006 3,349 762 1,429 521 27,543 3,011 6,291 8,609 8,524 16,248 37,322 12,025 15,880 11,597 9,803 24,208 9,465 172,033 12,061 47,684,891 2587,169 12,619,459 2869,349 3999,484 2811,102 2391,043 8369,618 1996,179 1186,908 2075,216 1825,049 4954,315 24,216 5,978 1,502 89 6 605 896 850 5,603,248 1776,773 2295,138 1717,587 1366,529 4728,101 1135,811 620,200 971,213 2/7,433 1,914 783 2,252 1,082 1,211 1,017 48 3,342 2,529 896 2,252 686 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificates Eligible paper U. S. Govt, securities Total collateral 24,990,701 1520,270 12,269,000 350,000 183,369 7,051 13,260,000 1200,000 25,712,369 1557,051 705,271 2550,560 4,470,000 700,000 805,000 515,000 510,000 2560,000 250,000 150,000 280,000 179,000 1500,000 100,915 9,920 3,540 26,400 1,200,000 1100,000 1500,000 1250,000 900,000 2200,000 975,000 5,770,915 1809,920 2305,000 176b,540 1410,000 4760,000 1251,400 5,875 23,145 490,000 700,000 645,875 1003,145 l/ After deducting $528,967,000 participations of other Federal Reserve Banks. 2/ After deducting $16,783,000 participations of other Federal Reserve Banks, 6,523 545,000 1200,000 724,000 2706,5^3
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