H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RES8RV]£ bVSTEM H.4.1 (For Immediate Release) April 12, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 11, Member bank reserves increased $392 million. The principal changes supplying reserves were decreases of $300 million in Treasury deposits with Federal Reserve Banks, $21 million in Foreign deposits with Federal Reserve Banks, and $17 million in Treasury cash holdings, and an increase of $82 million in Reserve Bank credit. The principal offsetting change, was an increase of $28 million in Money in circulation. The increase of $82 million in Reserve Bank credit resulted from an increase of $172 million in U. S. Government securities, and decreases of $56 million in Float and $34 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected an increase of $210 million in bonds, and decreases of $27 million in bills and $11 million in notes. Change since Member Bank Reserves April 11, April 4, April 12., and Related Items 1951 1951 (In millions of dollars) Reserve Bank credit: U. S. Government securities 23,086 +172 +5,489 Acceptances purchased 1 + 1 Loans, discounts and advances 96 -~34 - 66 Float 712 - 56 + 403 Total 23,895 + 82 +5,827 Gold stock 21,806 -2,441 Treasury currency outstanding 4,640 + 40 Money in circulation 27,166 + 28 + 94 Treasury cash holdings 1,287 - 17 - 26 Treasury deposits with F. R. Banks 411 -300 - 176 Foreign deposits with F. R. Banks 828 - 21 - 68 Other deposits with F. R. Banks 362 - 2 + 81 Other F. R. accounts (net) 753 - 16 Member bank reserves 19,533 +392 +3,537 Required reserves (estimated) 18,500 - 92 +3,252 Excess reserves (estimated) 1,033 +484 + 285 Daily average excess reserves (estimated) 913 +337 + 164 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OP CONDITION H.4U(a) OF THE TWELVE FEDERAL RESERW BANKS COMBINED (In thousands of dollars) Change sinde April 11, April b» April 12, 1951 1951 195P A S S E TS Gold certificates 19,954,901 + 6,500 - 2,543,528 Redemption fund for F. R» notes 619.120 + 1,128 + 88,079 Total gold certificate reserves 20,574,321 V, 7,628 - 2,^55,# Other cash 356,1488 - 7,262 + 95,903 Discounts and advances 92,08? - 33,902 67,484 Industrial loans 4,ic4 + 149 + 1,517 Acceptances purchased 709 600 + 709 U. S. Government securities: Bills 1,602,098 - 27,000 - 2,413,277 Certificates - 5,800,750 Notes lU,986,253 - 11,000 +13,532,233 Bonds 6,497,824 +210,293 + 170,924 Total U» S. Government securities ^.066,1# +i7e:M + 5,489,130" Total loans and securities 23,183,055 +137,940 + 5,123,872 Due from foreign banks 33 + 9 F, R. notes of other banks 135,05U - 8,941 + 27,6149 Uncollected cash items 3,250,138 - 52,377 + 405,887 B&nk promises 10,670 + 145 + 6,196 Other assets 154,900 + 4,514 + 36,398 TOTAL ASSETS 47,6?4,6$$ + 81,6$% + 3,540,456 L I A B I L I T I ES Federal Reserve notes 23,053,567 + 3,393 + 137,142 Depos its i Member bank—reserve accounts 19,533,098 +391,675 + 3,536,626 U. S, Treasurer—general account 1411,171 -299,531 - 175,878 Foreign 827,711 - 21,099 68,291 Other 361,728 - 1,829 + 80,571 Total deposits 21,133,706 + 69,216 + 3,373,o&8 Deferred availability cash items 2,538,635 + 4,006 + 3,572 Other liabilities and accrued dividends 12,043 411 921 TOTAL LIABILITIES 46,737,953 + 76,264 + 3,515,W%1 C A P I T AL A C C O U N TS Capital paid In 228,314 146 + 13,290 + 21,849 Surplus (Section 7) 510,022 Surplus (Section 13b) 27,543 Other capital accounts 170,827 + 5,306 7,504 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,674,659 + 81*656 + 3,540,4S6 Ratio of gold certificate reserves to deposit and F. R* note liabilities combined 46.6# 10,0# Contingent liability on acceptances purchased for foreign correspondents 32,792 / + 450 + 25,804 Industrial loan commitments 2,I5T - 592 + 834 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 11, 1951 (Callable (kvernment securities classified according to nearest call date) Discounts and Industrial Acceptances U• S. Government advances loans purchased securities Within 15 days 77,305 194 451 501,513 16 to 90 days 14,773 298 258 2,951,080 91 days to 1 year 9 2,426 — Over 1 year to 5 years — 1^.186 4,436,766 Over 5 years to 10 years — -- — 1,031,904 Over 10 years — — — 3,786,302 Digitized for FTRoAStaElR 92,067 4,104 709 23,086,155 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) statement of condition of the federal RESERVE BANKS ON APRIL II, 1951 (In thousands of dollars) A S SETS Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Total Boston New York Phila. Cleve. 301,707 675,520 454,838 2287,211 7,054,515 1116,641 1376,430 739,139 799,081 4043,342 490,991 19,954,901 £l5,486 Gold certificates 22.716 34.563 25,993 56,935 Redemption fund for 49.832 51,233 69,876 60,415 43,152 105,203 44,105 619,420 55,397 F. R. notes Total gold certificate 670,883 7,104,347 1167,874 1446,306 799,554 842,233>148,545 535,096 324,423 710,083 480,831 2344,146 reserves 20,574,321 Other cash 336,488 37,958 63,805 1 6 7 , , 1 5 1 2 5 1 3 4 0 , , 9 2 5 4 0 3 2 2 1 , ,4 8 4 8 5 0 2 2 8 ,1 ,7 7 8 8 6 2 5 0 2 , , 4 9 8 3 5 2 1 2 6 ,5 ,4 5 8 0 2 5 3 , ,8 8 7 75 5 1 1 1 0 , , 4 3 1 1 3 9 1 16 3 0 ,4 7 2 2 ,200 36,556 Discounts and advances 92,087 6,085 30,29 2 0 6 2,810 170 117 29 157 --- 18 777 Industrial leans 4,104 709 Acceptances purchased 709 U. S B . i G l o l v s t 1 , , 6 s 0 e 2 c , u 0 r 9 i 8 t ies: 88,930 400,533 100,804 149,652 1 9 0 9 6 6 , ,4 52 8 8 0 8 8 6 0 , 8 4 , 4 6 7 42 2 2 3 2 8 3 , 5 9 , 6 2 1 72 6 8 9 1 , 7 8 , 4 0 8 3 4 4 5 7 0 5, , 7 8 5 6 3 0 7 7 0 5 5 ,4 ,6 3 1 3 2 7 7 6 1 , 7 6 , 6 12 4 1 1 4 1 7 5 2 7 , , 6 4 9 3 7 8 Notes 14,986,233 1063,708 3,351,116 942,934 1399,864 432,060 350.617 969,182 354,255 206.280 305.944 310,934 638,541 461,208 1,452,998 408,843 606,962 Bonds 6,497,824 Total U. S. Government , 5,204,647 1452,581 2156,478 I535,c68 1245,706 3443,415 1241,137 732,893 1086,989 1104,719 2268,676 securities 23,086,155 1613,846 Total loans and 5,235,672 1461,506 2161,598 1538,065 1247,913 3463,900 1243,687 736,925 1097,308 1104,897 2271,653 23,183,055 1619,931 securities 1 1 1 3 2 1 5 1 Due from foreign banks 33 2 1/ 10 3 3 2,904 6,305 7,261 14,123 F.R.notes of other banks 135,054 3,507 1 r 7 , , o 8 v 0 y 9 u.vv6,,0 3365,4 51 5,821 11,889 15,338 7,611 66,268 169,512 145,686 310,109 5 : 23 1 Uncollected cash items 3,250,138 272,481 1 Ig ^ i:S? 1:? 1,106 2,575 668 6,135 Bank premises 40,670 1,059 - - - 1 — —" 10.659 81.148,7818 22^779 8,261 4.800 7.658 7.247 15.396 Other assets 154,900 11,0] ,029,694 2873,007 3968,431 2690,285 2374,385 8235,312 is6l,310 1162,302 2004,855 1760,063 4998,121 47,674,659 26i6,894 13 TOTAL ASSETS 1/ After deducting $23,000 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 APRIL 11, 1951 H.U.l(c) (In thousands of dollars) Total Boston New York phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFraxu L I A B I L I T I ES Federal Reserve notes 23,053.56? lU6,96l 5,192,102 1627,845 2070,816 1549,221 1246,561 4465,575 1064,975 604,500 906,085 613,372 2295,554 Depositsi Member bank-reserve accts. 19,533,098 832,994 6,512,270 917,604 1459,564 779,578 822,216 3094,218 680,088 417,972 872,012 903,697 2240,885 U.S.Treasurer-general acct. 1+11,171 23,705 87,450 27,895 35,748 38,602 30,416 I8,3ii4 27,959 23,826 23*279 47,827 26,120 Foreign 827,711 51,076 1/256,804 65,080 76,613 41,190 34,600 113,684 30,481 20,595 30,481 30,481 76,626 Other 361,728 4.659 297.114 1.982 4.656 4.221 6.460 2.355 6.031 1.072 162 941 32.075 Total deposits 21,133,708 912,434 7,153,638 1012,561 1576,581 863,591 893,692 3228,601 71*4,559 463,465 925,934 982,946 2375,706 Deferred avail.cash items 2,538,635 226,998 408,682 159,864 233,028 226,699 191,469 409,428 113,575 68,140 135,099 126,535 239,118 Other liabilities and accrued dividends 12.043 1.088 3,706 604 1,216 ^24 455 1.709 472 450 J 21 428 1,053 TOTAL LIABILITIES 46,737,953 2557,481 12,758,128 2800,874 3881,641 2640,035 2332,177 8105,313 1923,581 1136,555 1967,456 1723,281 4911,431 Capital paid in 228,314 12,295 73,673 15,987 21,863 10,132 9,337 29,302 7,606 5,213 8,619 10,135 24,152 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 2,140 Other capital accounts 170,827 11,861 37.284 11.947 15.907 11,602 9.740 23,923 9,307 6,293 8,596 8.488 15.879 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,674,659 2616,894 13,029,694 2873,007 3968,431 2690,285 2374,385 8235,312 1961,310 1162,302 2004,855 1760,063 4998,121 Contingent liability on acceptances purchased for foreign correspondents 32,792 2,033 2/10,071 2,590 3,049 1,639 1,377 4,525 1,213 820 1,213 1,213 3,049 Industrial loan commitments 2,155 — — 1#319 48 208 485 95 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 23,948,568 1478,679 5,364,011 1704,866 2160,787 1630,654 1349,352 4543,500 1108,577 615,350 936,137 655,227 2401,428 Collateral for F.R. notes s Gold certificates 12,159,000 380,000 4,470,000 700,000 765,000 475,000 510,000 2480,000 250,000 170,000 280,000 179,000 1500,000 Eligible paper 60,597 6,085 29,115 6,115 2,480 2,550 3,875 10,177 —— 200 U.S. Govt, securities 12,1440.000 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 Total collateral 24,659,597 1486,085 5,499,115 1706,115 2190,000 1667^480 1360,000 4580,000 1177,550 623,875 990,177 679,000 2700,200 1/ After deducting $570,893,000 participations of other Federal Reserve Banks, 2/ After deducting $22,721,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis