H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 2 ^ 1 (For Immediate Release) April 5, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 4, Member tank reserves increased The decrease of $39 million in Reserve Bank credit resulted from a deties reflected increases of $255 million in bonds, $31 million in bills, $22 million in notes. Change since April 4, March 26, April 5 f Member Bank Reserves 1951 1951 1950 and Related Items (In millions of dollars) Reserve Bank credit: +308 +5,342 22,914 U. S. Government securities 1 - 1 + l Acceptances purchased - 41 130 -345 Loans, discounts and advances 768 - 1 + 379 Float +5,681 23,813 - 39 Total 21,806 - 49 -2,440 Gold stock 4,64o + 3 + 39 Treasury currency outstanding +100 + 5 27,138 Money in circulation 1,304 + 5 - 13 Treasury cash holdings + 89 Treasury deposits with F. R. Banks 711 -341 849 - 49 34 Foreign deposits with F. R. Banks + 65 + 80 364 Other deposits with F. R. Banks Other F. R. accounts (net) 753 + 17 - 10 +3,r° 19,141 +118 Member bank reserves +3,383 Required reserves (estimated) 18,592 + 5 - 213 549 +113 Excess reserves (estimated) Daily average excess reserves (estimated) 576 +106 - 139 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED 1.4.1(a) (in thousands of dollars) Change since April 4-, March 28, April 5, 195% 1951 1950 A S S E TS 19,9lt8,U01 - 69,003 , 2,540,029 Gold certificates 618,292 + 16,797 + 76,952 Redemption fund for F. R. notes - 52,206 - 2,465,077 Total gold certificate reserves 20,566,695 + 106,150 343,750 - 6,504 Other cash Discounts and advances 125,989 -344,580 42,157 Industrial loans 3,955 35 + 1,353 Acceptances purchased 1,309 687 + 1,309 U. S. Government securities: 1,629,098 + 30,500* - 2,343,277 Bills - 5,788,750 Certificates + 22,400* +15,545,255 Notes 14,997,255 Bonds 6,287,531 +255,200 69,769 Total U. S. Government securities 22,913,06% +308,100 + 5,341,437 Total loans and securities 23,OU5,H5 - 37,202 + 5,501,942 24 - 9 Due from foreign banks *~ F. R. notes of other banks 11*3,995 - 4,477 + 46,606 Uncollected cash items 3,302,515 -512,746 + 850,692 - 60 + 6,150 Bank premises 40,525 150,386 - 12,823 + 56,162 Other assets -426,018 + 3,864,615 TOTAL ASSETS 1*7,5^3,003 L I A B I L I T I ES Federal Reserve notes 23,050,17U + 88,4-87 + 82,542 Deposits: +118,812 + 5,170,728 Member bank—reserve accounts 19,1^1,123 710,702 -541,441 + 88,503 U. S. Treasurer--general account 8l|8,810 - 49,451 35,795 Foreign Other 363,557 + 64,396 + 79,155 Total deposits 21,064,492 -207,684 + 5,504,591 Deferred availability cash items 2,534,629 -511,210 + 4-51,457 Other liabilities and accrued dividends 12,454 281 568 TOTAL LIABILITIES 46,661,7149 -450,600 + 5,850,20% C A P I T AL A C C O U N TS 228,168 79 + 13,197 Capital paid in 510,022 + 21,849 Surplus (Section 7) Surplus (Section 13b) 27,543 8,622 Other capital accounts 165,521 + 4,749 —426,018 + 3,864,615' TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,595,063 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.6# Contingent liability on acceptances purchased for foreign correspondents 32,342 851 + 24,613 Industrial loan commitments 2,747 55 + 1,504 * March 28 figures revised. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 4, 1951 ~ (Callable Government securities classified according to nearest call date; Discounts and Industrial Acceptances U. S. Government advances loans purchased securities Within 15 days 107,899 199 892 561,113 16 to 90 days 18,081 511 417 5,118,480 91 days to 1 year 2,309 10,589,590 Over 1 year to 5 years 1,156 4,456,766 1,051,904 Over 5 years to 10 years 5.576,009 Over 10 years Digitized for FR T AS o E t R a l 125,909 T7509" 22,913,86% http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OP THE FEDERAL RESERVE BANKS ON APRIL 4, 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 304,945 693,570 528,807 2292,999 6,806,538 1150,838 1413,957 762,815 816,299 4020,498 491,878 19,948,401 665,257 Gold certificates 22,734 34,588 26,023 57,025 Redemption fund for 50.236 47.930 69,994 61,538 43,242 105,333 44,144 618.292 55,505 F. R. notes 6,856,774 1198,768 1483,951 824,353 859,541 4125,831 536,022 327,679 728,158 554,830 2350,024 c e r t i f i c a te 20,566,693 720,762 7,234 11,862 14,489 38,702 20,025 29,181 23,612 31,369 53,306 16,299 Other cash 343,750 39,064 58,607 8,615 4,400 3,780 1,249 18,335 12,050 14,750 19,039 2,160 5,700 Discounts and advances 125,989 7,769 28,14 2 2 6 2,695 134 125 29 — — 169 — 777 Industrial loans 3,955 1,309 1,309 Acceptances purchased U. S. Govt, securities: 108,323 87,904 242,989 77,689 51,718 76,704 77,955 160,091 Bills 1,629,098 92,976 398,072 102,503 152,174 997,211 809,236 2236,912 817,634 476,102 706,130 717,648 1473,778 943,626 1400,891 1064,489 3,353,576 199,604 296,042 300,871 617,876 Notes 14,997,233 418,078 339,269 937,816 342,790 395,611 587,319 446,282 1,405,973 Bonds 6,287,531 5,157,621 1441,740 2140,384 1523,612 1236,409 3417,717 1238,113 727,424 1078,876 1096,474 2251,745 T°secu^ki;GOYerDment 22,913,862 1603,747 s Total loans and 5,187,098 1453,050 2144,918 1527,517 1237,687 3436,052 1250,163 742,343 1097,915 1098,634 2258,222 23,045,115 1611,516 securities 1/ 7 2 2 1 1 3 1 1 1 12 Due from foreign "banks 24 2 19,943 6,836 6,869 36,347 14,533 15,461 6,220 3,689 6,192 6,954 16,606 F.R.notes of other hanks 143,995 4,345 604,549 234,766 305,134 261,518 217,944 563,755 144,100 86,741 164,253 133,878 305,099 Uncollected cash items 3,302,515 280,778 2,024 5,327 3,460 1,106 2,575 668 6,104 7,612 2,904 4,755 2,931 Bank premises 40,525 1,059 13.561 9.273 14,450 10,255 7,954 22,178 7,991 4,661 7,357 7,033 1^,938 Other assets 150,386 10,735 1816,487 4989,697 12,768,151 2925,624 3989,260 2686,534 2371,053 8221,913 1964,256 1173,454 2018,313 47,593,003 2668,261 TOTAL ASSETS 1/ After deducting $17,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 4, 1951 H.4.I(C) (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran* L Fe I de A ra B l I Re L se I rv T e I n E ot S e s 23,050,174 1^13.337 5,199,980 1627,007 2063,525 1556,529 1249,833 14460,553 1067,828 604,129 908,135 617,804 2281,514 Deposits{ Member bank-reserve accts. 19,141,423 866,491 6,223,057 927,746 11447,116 773,870 817,865 2962,374 676,429 416,976 884,965 924,470 2220,064 U.S.Treasurer-general acct. 710,702 46,063 111,610 50,858 68,282 47,655 45*759 108,991 37,l4l 37,121 30,178 76,639 50,405 Foreign 848,810 52,173 1/265,638 66,479 78,260 42,075 35,343 116,127 31,135 21,038 31,135 31,135 78,272 Other 363,557 3,671 ~ 299,131 1,265 5.478 3,976 4.926 2.Q72 6,206 1,165 2,430 997 32,240 Total deposits 21,064,492 968,398 6,899,436 1046,348 1599,136 867,576 903,893 3189,564 750,911 476,300 948,708 1033,241 2380,981 Deferred avail. cash items 2,534*629 225,721 394,730 179,838 239,004 212,048 174,956 440,829 107,654 67,116 124,051 128,579 240,103 Other liabilities and accrued dividends 12,454 1,734 3,567 634 1,327 492 436 1,753 1445 378 396 428 864 TOTAL LIABILITIES 46,661,749 2609,190 12,497,713 2853,827 3902,992 2636,645 2329,118 8092,699 1926,838 1147,923 1981,290 1780,052 4903,462 5,212 8,612 10,045 24,152 Capital paid in 228,168 12,293 73,667 15,985 21,8144 10,129 9,337 29,302 7,590 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 16,852 144,519 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 2,140 6,078 8,227 8,231 15,424 Other capital accounts 165,521 11,521 36,162 11,613 15,404 11,244 9,467 23,138 9,012 TOTAL LIABILITIES AND 47,593,003 2668,261 12,768,151 2925,624 3989,260 2686,534 2371,053 8221,913 1964,256 1173,454 2018,313 1816,W7 4989,697 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 32,342 2,006 2/9,925 2,555 3,008 1,617 1,359 4,464 1,197 809 1,197 1,197 3,008 Industrial loan commitments 2,747 1,434 473 48 209 485 98 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 23,944,415 1479,769 5,377,733 1697,742 2154,190 1637,258 1346,243 4537,043 H07^+99 612,871 935,439 656,998 2401,630 Collateral for F.R. notest 12,219,000 390,000 4,470,000 750,000 765,000 475,ooo 510,000 2430,000 250,000 170,000 280,000 179,000 1500,000 G El o i l g d i b c l e e rt i p f a i p c e a r t es 91,152 7,769 25,992 8,615 ' ~ n ^r-r\ 1 I nrA 1 0 — 2 — ,8 2 8 0 0 0 12,050 14,750 18,896 12,440*000 1100^000 1,000[000 1000,000 1425,000 1190,000 850,000 2100,000 925,000 450,000 700,000 500,000 1200,000 U.S. Govt, securities 24,750,152 1497,769 5,495,992 1758,615 2190,000 1667,880 1360,000 4580,000 1187,050 634,750 998,896 679,000 2700,200 Total collateral l/ After deducting $583,159,000 participations of other Federal Reserve Banks. 2/ After deducting $22,417,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis