H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM (For InmedlRte Release) March 1, 1951 CONDITION OF THE FEDERA LRESERVE BAMS Member Bank Reserves and Related Items During the week ended February 28,.Member bank reserves Increased credit, and increases of $24 million in Money in circulation and $16 million in Treasury cash holdings. s r . r s r zs =. $73 million in bonds, and a decrease of $132 million in bills. Change since Member Bank Reserves Feb" ^' ' and Related Items ±22± ^2± 2Z- (In millions of dollars) Reserve Bank credit: +4,124 U. S. Government securities km +?ri + 85 Loans, discounts and advances £01 +* ^ + w ' SL §086 ph Treasury currency outstanding > PY 1 fifi + 24 + 128 Money in circulation I'trS + 16 - 23 Treasury cash holdings .„i . o0 Treasury deposits with F. R. Bank s^05 ~ UQ - 4c Foreign deposits with F. R. Bank s039 - y _ ^0 Other deposits with F. R. Bank s333 Other F. R, account s(net) 729 19,C66 +132 +2,778 Member bank reserves Required reserves (estimated) 1&,405 + 53 Excess reserves (estimated) 661 + 79 Daily average excess reserves (estimated) 492 295 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.4.l(a) OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Change since Feb. 28, Feb. 21, Mar. 1, 1951 1951 1950 A S S E TS 20,257,403 -122,999 » 2,325,028 Gold certificates 594,817 + 3,000 ±56,821 Redemption fund for F. R. notes Total gold certificat ereserves 20,852,220 -119,999 - 2,268,131 359,038 - 11,253 + 47,759 Other cash Discounts and advances 397,557 +201,345 + 84,057 3,606 22 + 1,195 Industrial loans U. S. Government securities: 1,526,606 -132,058 - 2,346,618 Bills - 5,781,450 Certificates Notes 14,960,983 + 85,600 +13,698,483 + 73,500 - 1,446.325 Bonds + 27,042 + 4,124,090 Total U. S. Government securities Total loans and securities 22,282,127 +228,365 + 4,209,342 24 9 Due from foreign banks F. R. note sof other banks 143,816 - 3,850 + 37,267 Uncollected cash items 3,542,409 -284,608 + 812,100 Bank premises 4o,4o6 75 + 6,l6l Other assets 148,269 + 7,206 + 30,291 TOTAL ASSETS 47,368,309 -184,214 + 2,874,780 L I A B I L I T I ES 23,109,851 + 23,021 + 141,085 Federal Reserve notes Deposits: Member bank--reserve accounts 19,066,165 +132,415 + 2,778,441 U. S. Treasurer--general account 465,141 -330,811 89,718 838,880 - 48,856 46,116 Foreign Other 333,326 - 11849 225,586 Total deposits 20,703,512 -249,101 + 2,417,021 Deferred availability cash items 2,636,996 + 38,730 + 287,415 Other liabilities and accrued dividends 10, - 1,446 + 1,020 -188/796 + 2,846,541 TOTAL LIABILITIES C A P I T AL A C C O U N TS Capital paid in 227,916 124 + 13,276 Surplus (Section 7) 510,022 + 21,849 Surplus (Section 13b) 27,543 Other capital accounts 141,484 + 4,458 6,886 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,368,309 -184,214 2,874^780 Ratio of gold certificat ereserves to deposit 8.4# and F. R. not eliabilities combined 47.6% Contingent liability on acceptances purchased for foreign correspondents 31,516 3,006 + 23,652 Industrial loan commitments 2,937 6 + 1,768 MATURITY DISTRIBUTION OF LOAN SAND SECURITIES, FEBRUARY 28 ,1951 (Callable Government securities classified according to nearest cal ldate) Discounts and Industrial U. S. Government advances loans securities Within 15 days 387,868 48 164,650 16 to 90 days 9,668 269 1,361,956 91 days to 1 year 21 2,160 12,231,185 Over 1 year to 5 years 1,129 4,308,973 Over 5 years to 10 years 986,700 Over 10 years 2,827,500 Total 397,557 3,606 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 28, 1951 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Mpls, Kans.Cy. Dallas SanFran. Gold certificates 20,257,403 706,149 6,611,530 1181,831 1348,937 806,088 811,797 4225,524 588,634 376,611 728,751 532,470 2339,081 Redemption fund for F. R. notes 594,817 53,142 47,698 49,039 70,764 59,448 43,821 99,186 42,391 21,827 34,783 25,218 47,500 Total gold certificate reserves 20,852,220 759,291 6,659,228 1230,870 1419,701 865,536 855,618 4324,710 631,025 398,438 763,534 557,688 2386,581 Other cash 359,038 36,649 64,437 21,739 34,620 24,098 25,891 57,006 15,438 6,637 12,462 13,334 46,727 Discounts -and advances 397,557 6,375 170,134 12,245 52,577 17,700 22,510 16,125 26,300 12,317 20,324 10,850 30,100 Industrial loans 3,606 26 2,517 — 115 30 180 --- 738 U. S. Govt, securities Bills 1,526,606 8,826 487,900 96,054 142,600 101,509 82,374 241,320 26,227 45,340 71,878 72,558 150,020 Notes 14,960,983 1061,916 3,345,470 941,345 1397,505 994,801 807,280 2231,505 815,658 474,951 704,423 715,913 1470,216 Bonds S.1Q1.175 382.816 1,206,029 339,351 503,796 358,621 291,021 804,449 294,041 171,218 253,942 258,084 530,007 Total TT-S-Government 691,509 1030,243 1046,555 2150,243 securities 21,880,96% 1453,558 5,039,399 1376,750 2043,901 1454,931 1180,675 3277,274 1135,926 TC>8ecurltles&n~ 22,282,127 1459,933 5,209,559 1391,512 2096,478 1472,746 1203,215 3293,399 1162,226 704,006 1050,567 1057,405 2181,081 I B 5 S S - . SI i j 44 iI TOTAL ASSETS 4?,368,309 2576,198 12,608,371 2883,195 3920,159 2693,877 2355,351 8350,317 1984,460 1216,617 2039,925 1801,500 4938,339 l/ After deducting $17,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON FEBRUARY 28 ,1951 (in thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 23,109,851 1408,159 5,204,210 1637,556 2068,075 1571,448 1248,668 4478,432 1072,561 603,061 908,611 622,754 2286,316 Deposits: Member bank-reserve accts, 19,066,165 787,421 6,106,374 904,511 1407,550 761,763 817,147 3139,137 679,249 448,016 877,572 931,362 2206,063 U.S.Treasurer-general acct. 465,141 44,635 50,359 36,985 30,108 35,963 25,992 50,073 40,077 42,666 30,123 41,902 36,258 Foreign 838,880 51,268 1/265,826 65,325 76,902 41,345 34,730 114,112 30,595 20,673 30,595 30,595 76,914 Other 333,326 4,230 271,667 1,255 4,192 2,743 647 3,114 7,595 1,613 1,307 879 34,084 Total deposits 20,703,512 887,554 6,694,226 1008,076 1518,752 841,814 878,516 3306,436 757,516 512,968 939,597 1004,738 2353,319 Deferred avail, cash items 2,636,996 222,351 441,772 166,711 248,064 231,917 187,122 438,297 117,9^6 75,036 155,465 138,402 213,913 Other liabilities and accrued dividends 10,985 744 3,132 583 1,329 443 418 1,587 305 830 405 376 833 TOTAL LIABILITIES 46,461,344 2518,808 12,343,340 2812,926 3836,220 2645,622 2314,724 8224,752 19^8,328 1191,895 2004,078 1766,270 4854,381 Capital paid in 227,916 12,282 73,768 15,972 21,815 10,091 9,315 29,254 7,517 5,204 8,555 10,018 24,125 Surplus (Section 7) 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 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o Other capital accounts 141,484 9,851 30,654 10,098 13,104 9,648 8,181 19,537 7,799 5,277 7,108 7,053 13,174 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 47,368,309 2576,198 12,608,371 2883,195 3920,159 2693,87 72355,351 8350,317 1984,460 1216,617 2039,925 1801,500 4938,339 Contingent liability on acceptances purchased for foreign correspondents 31,516 1,954 2/ 9,674 2,490 2,931 1,576 1,324 4,350 1,166 788 1,166 1,166 2,931 Industrial loan commitments 2,937 1,551 473 54 224 495 l4o FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 23,957,688 1478,694 5,375,635 1679,651 2158,676 1639,756 1328,339 4569,534 1115,30 6612,514 935,312 658,348 2405,923 Collateral for F.R. notes: Gold certificates 12,769,000 440,000 4,470,000 750,000 776655,,000000 550000,0,00000 550,000 2710,000 300,000 190,000 280,000 214,000 1600,000 Eligible paper 283,391 6,375 163,030 12,245 — 16,300 16,300 -— — 26,300 12,317 20,324 26,500 U.S. Govt, securities 12,040,000 1100,000 1,000,000 1000,000 1425,000 1165,000 800,000 1900,000 900,000 450,000 700,000 500.000 1100,000 Total collateral 25,092,391 1546,375 5,633,030 1762,245 2190,000 1681,300 1350,000 4610,000 1226,300 652,317 1000,324 714,000 2726,500 1/ After deducting $573,042,000 participations of other Federa lReserve Banks. 2/ After deducting $21,842,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis