H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 29, 1951 h>1k1 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended March 28, Member hank reserves aecreased PIE11IEh= mmmuamm* in circulation. $99 million in bills, and $18 million in notes. Change since Member Bank Reserves March 28, March^, M ^1950' and Related Items ±22± (In millions of dollars) Reserve Bank credit: , s +258 +5,090 U. S. Government securities > ^ +2 +2 Acceptances purchased . +og0 + 1°8 Loans, discounts and advances f? + 508 Float 21 852 +245 +5/708 Total | 3 ' g „ 1 -2,391 5 Gold stock h zfoy l + 38 Treasury currency outstanding > 07 0^8 - 83 + ^9 Money in circulation 1 ?QQ\ + 4*rS» - 22 Treasury cash holdings +444 + 55 Treasury deposits with F. R. Banks *5 - + 19 Foreign deposits with F. R. Banks + 23 Other deposits with F. R. Banks 29| ^ g - 30 Other F. R. accounts (net) 19,023 -278 +3,241 Member bank reserves Required reserves (estimated) -146 - ^ 78 Excess reserves (estimated) Daily average excess reserves (estimated) 470 400 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.U.l(a) OF THE TWELVE: FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since March 28, March 21, March 1951 1951 1950 A S S E IS - 2,461,02) Gold certificates 20,017,404 - 3*499 Redemption fund for F. R» notes 601,495 347 + 60,155 Total gold certificate reserves So,61W,W - 3,8lb - 2,400,868 Other cash 350,254 + 16,684 + 77,161 Discounts and advances 470,569 +319,775 + 105,693 Industrial loans 3,990 + 197 + 1,421 Acceptances purchased 1,996 + 1,996 + 1,996 U. S, Government securities: g . t tf Bills l,599i696- + 99,300 , 2,263,777 - 5,858,550 Certificates mrnmm © 14,974,63 + 17,450 +13,595,133 Notes +141,100 - 382,769 Bonds Total U. S. Government securities 22,605,762 +257,850 + 5,090,037 Total loans and securities 23,082,317 +579,818 + 5,199,147 Due from foreign banks 24 9 F. R« notes of other banks 148,472 + 9,919 + 37,377 Uncollected cash items 3,615,261 -544,007 + 1,045,761 + 6,158 Bank premises 40,585 59 Other assets 163,209 + 4,889 + 49,962 TOTAL ASSETS 148,019,021 + 63,398 + 4,014,689 L I A B I L I T I ES Federal Reserve notes 22,961,687 - 54,792 + 113,110 Deposits: Member bank—reserve accounts 19,022,611 -278,440 + 3,241,050 U. S. Treasurer—general account 1,052,143 +443,987 55,304 Foreign 898,261 + 58,102 + 19,536 Other 299,161 + 97,302 + 22,774 Total deposits 21,272,17b +320,951 + 3,538:664 Deferred availability cash items 2,845,839 -208,824 + 537,076 520 Other liabilities and accrued dividends 12,735 + 1,375 TOTAL LIABILITIES 47,092,437 + 58,710 + 3,988,330 C A P I T AL A C C O U N TS Capital paid in 228,247 35 + 13,278 Surplus (Section 7) 510.022 + 21,849 Surplus (Section 13%) 27,543 8,768 Other capital accounts 160,772 + 4,653 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,019,021 + 63,398 + 4,014,689 Ratio of gold certificate reserves to deposit and F. R, note liabilities combined 46.6# Contingent liability on acceptances purchased for foreign correspondents 31,491 228 + 23,600 Industrial loan commitments 2,800 77 + 1,526 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 28, 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial Acceptances U.S. Government advances loans purchased securities Within 15 days 454*005 217 1,315 260,257 16 to 90 days 16,555 208 681 1,346,041 91 days to 1 year 9 2,275 12,176,385 Over 1 year to 5 years 1,290 4,392,566 Over 5 years to 10 years 1,029,704 Over 10 years 3,400,809 Digitized for FR T A o S t E a R l 470,569 3,990 1,996 22,605,762 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

lA.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 28, 1951 (In thousands of dollars) A S S E TS Mpls. Kans.Cy. Dallas SanFran. New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Total Boston 303,866 721,123 501,628 2297,032 6,741,898 1142,824 1453,507 777,69k 823,711 4104,834 507,826 20,017,404 641,461 Gold certificates Redemption fund for 54,61626,0= 50.632 48.115 70,113 60.527 43.332 98.476 44,18: 601,495 55,607 F. R. notes 6,792,530 1190,939 1523,620 838,221 867,043 4203,310 552,009 326,615 527,681 2344,124 755,739 ^reserves ao,618,899 697,068 6,156 12,766 14,575 43,053 23,733 30,734 54,234 18,562 Other cash 350,254 35,882 59,324 19,378 31,857 19,080 10,903 173,585 12,200 31,580 21,122 60 21,200 Discounts and advances 470,569 16,758 127,747 24,735 11,599 172 775 26 2,732 134 122 29 Industrial loans 3,990 Acceptances purchased 1,996 — ^ 1 / ,9 96 U, S. Govt, securities g . &S g 101,860 82,660 228,490 83,517 48,632 72,128 73,305 150,540 4 1 3 9 6 , 3 87 143,094 Bills 1,599x0^ 104,959 995,210 807,612 2232,423 815,993 475,147 704,712 716,207 1470,820 Notes 14,974,833 1062,352 3,354,^5 941,732 1398,080 401.108 325.498 899.752 328.877 191.502 284.027 288.659 592.797 6.032.331 428.169 1.148.908 379.554 563.480 Bonds Total U. S. Government 5,116,479 1417,673 2104,654 1498,178 1215,770 3360,665 1228,387 715,281 1060,867 1078,171 2214,157 securities 22,605,762 1595,480 Total loans and 23,082,317 1612,238 5,246,248 1445,140 2116,387 1517,380 1226,702 3534,250 1240,587 747,033 1081,989 1078,231 2236,132 securities 1/7 2 2 1 1 3 1 1 1 1 2 Due from foreign banks 24 2 18,008 15,799 8,082 4,503 6,685 6,174 13,837 19,850 9,067 9,777 32,190 F.R.notes of other banks 148,472 4,500 263,623 640,402 148,589 99,368 172,675 146,101 331,058 U B n a c n o k l l p e r c e t m e i d s e c s a 4 s 0 h , 5 i 8 t 5 ems 3,615,261 2 1 3 , 2 0 ,4 5 3 9 5 65 7 8 , , 6 6 3 4 0 9 2 2 , 6 9 0 0 , 4 002 3 4 5 ,7 0 5 , 7 8 74 31 2 1 , , 9 48 3 5 1 8 2 . , 5 0 8 2 1 3 2 5 4 ,3 ,2 28 09 3 8, , 6 4 s 8 1 1, . 1 0 0 3 6 0 2 7. , 9 5 0 9 C 1 7,7 6 8 7 1 1 1 6 6 , . 1 1 0 0 4 5 163,209 .457 9943 15,380 11.505 Other assets 11,616 f 8477,535 1980,oo4 1189,812 2040,355 1781,215 4990,415 12,820,695 2937,375 4052,654 2737,446 2416,715 48,019,021 2594,800 TOTAL ASSETS 1/ After deducting $17,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 28, 1951 H.U.l(c) (In thousands of dollars) Total Boston New York Phila. CIeve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. L I A B I L I T I ES Federal Reserve notes 22,961,687 1404,346 5,181,434 1627,648 2066,458 1554,543 1235,659 4453,854 1059,491 601,675 900,837 611,337 2264,405 D M e e p m o b s e i r t s b : ank-reserve accts. 19,022,611 801,573 6,188,055 899,323 1443,497 747,852 816,020 3060,335 674,742 409,776 880,428 889,718 2211,292 U.S.Treasurer-general acct. 1,052,143 43,345 208,640 66,190 99,124 71,531 57,660 218,859 50,242 57,556 54,473 74,570 49,953 Foreign 898,261 55,056 1/282,865 70,152 82,584 44,400 37,296 122,514 32,856 22,200 32,856 32,856 82,596 Other 299,161 5,421 238,553 h i 21 5,06? 2.097 1.287 2.201 6.069 1.245 1.474 831 32,987 Total deposits 21,272,176 905,395 6,918,113 1037,598 1630,268 865,880 912,263 3403,939 763,909 490,777 969,231 997,975 2376,828 268,912 266,892 226,622 489,701 118,899 71,607 133,018 135,177 262,361 Deferred avail.cash items 2,845,839 225,204 447,349 200,097 Other liabilities and accrued dividends 12.735 1,178 4,408 530 1,235 545 469 1,535 4?4 391 419 550 1,041 47,092,437 2536,123 12,551,304 2865,873 3966,873 2687,860 2375,013 8349,029 1942,733 1164,450 2003,505 1745,039 4904,635 TOTAL LIABILITIES M 5M10 i l &h ^ Capital paid in Surplus (Section 7) 2,l4o Surplus (Section ljb) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 l,3°7 8,060 Other capital accounts AUU,{ XJ. 1 IC TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,019,021 2594,800 12,820,695 2937,375 4052,654 2737,446 2416,715 8477,535 1980,004 1189,812 2040,355 1781,215 4990,415 Contingent liability on acceptances purchased for foreign correspondents 31,491 1,952 2/^,667 2,488 2,929 1,575 1.323 4,346 1,165 787 1,165 1,165 2,929 Industrial loan commitments 2,800 -1 — 1,467 473 48 -- ' 222 490 100 FEDERAL RESERVE AGENTS' ACCOUNTS ' F.R. notes outstanding 23,947,873 1472,851 5,376,039 1700,502 2156,778 1635,985 1342,485 4547,364 1109,661 612,554 933,347 657,349 2402,958 Collateral for F.R. notes; Gold certificates 12,519,000 390,000 4,470,000 750,000 765,000 475,ooo 510,000 2680,000 250,000 170,000 280,000 179,000 1600,000 Eligible paper 270,222 16,758 125,497 24,735 — 17,130 12,200 31,580 21,122 21,200 U.S. Govt, securities 12,140,000 1100,000 1,000,000 1000,000 1425,000 1190,000 850,000 1900,000 925,000 450,000 700,000 500,000 1100,000 oooi onn Total collateral l/ After deducting $615,384,000 participations of other Federal Reserve Banks. 2"/ After deducting $21,824,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis