H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) April 19, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 18, Member bank reserves increased $141 million. The principal changes supplying were an increase of r e s e r v es $339 million in Reserve Bank credit, and a decrease of $45 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were increases of $210 million in Treasury deposits with Federal Reserve Banks and $39 million in Foreign deposits with Federal Reserve Banks. The increase of $339 million in Reserve Bank credit resulted from increases of $318 million in Float and $22 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected an increase ol $4? million in bonds, and decreases of $38 million in bills and $9 million in notes. Change since Member Bank Reserves ^ ' 195 o' and Related Items 1951 iZ2± — (In millions of dollars) Reserve Bank credit: +5,676 U. S. Government securities 23,086 * - 1 Acceptances purchased Loans, discounts and advances 118 + 22 - 21 1,030 +318 + 651 Float Total 24,234 +339 +6,306 Gold stock 21,807 + l -2,44o + 4o Treasury currency outstanding 4>64o + 165 Money in circulation 27,157 - 9 Treasury cash holdings 1,293 + 6 26 Treasury deposits with F. R. Banks 621 +210 • - 26 Foreign deposits with F. R. Banks 867 + 39 38 Other deposits with F. R. Banks 517 = 45 - 39 Other F. R. accounts (net) 752 - 1 - 19- Member bank reserves 19,674 +141 +3,888 Required reserves (estimated) 18,537 + 37 '+3,272 Excess reserves (estimated) 1,137 +104 + 6l6 Daily average excess reserves (estimate 1,061 +148 + * Less than $500,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

dlASMENT OF CONDITION H.U.I(&) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since April 18l April 11, April 19, 1951 1951 ,1950 A S S E TS Gold certificates 19,9U7,905 - 6,996 2,5(48,5^6 Redemption fund for F» R. notes 623,429 + 4,009 + 95,336 Total gold certificate reserves 20,571,334 - 2,987 - 2,453,190 Other cash 332,201 - 4,287 88,987 Discounts and advances 113,W0 + 21,403 23,191 Industrial loans 4,243 + 139 1,726 Acceptances purchased las 291 4- 418 U. S. Government securities: Bills 1,563,598 - 38,500 - 2,1423,777 - 5,749,250 Certificates Notes 1U,977,633 - 8,600 +13,523,633 Bonds 6,5414,546 + 46,722 + 324,746 Total U. S. Government securities 23,085,777 - 378 + 5,675,352 Total loans and securities 23,203,928 + 20,873 + 5,654,305 Due from foreign hanks 33 + 21,111 F. R. notes of other banks 131,317 - 3,737 Uncollected cash items 3,91+6,254 +696,116 + 919,175 Bank premises 4o,884 + 214 + 6,364 Other assets 161,930 + 7,030 + 40,419 TOTAL ASSETS 48,387,881 +713,222 + 4,277,171 L I A B I L I T I ES Federal Reserve notes 23,037,944 - 15,623 + 196,378 Deposits: Member bank—reserve accounts 19,673,844 +140,746 + 3,887,990 U, S. Treasurer--general account 621,459 +210,288 25,214 866,679 + 38,968 38,255 Foreign Other 317.033 - 44,695 39,504 Total deposits 21,479,61% +545,36? mm Deferred availability cash items 2,916,114 +377,479 + 267,750 Other liabilities and accrued dividends 12,610 + 567 + 131 TOTAL LIABILITIES U7,445,683 +707,730 + 14,^49,^/6 C A P I T AL A C C O U N TS Capital paid in 228,6214. + 310 + 13,543 Surplus (Section 7) 510,022 + 21,8149 Surplus (Section 13b) 27,543 Other capital accounts 176,009 + 5,182 7,497 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,387,881 +713,222 + 14,277,171 Ratio of gold certificate reserves to deposit 10.6$ and F, R. note liabilities combined 46,2% - *4$ Contingent liability on acceptances purchased for foreign correspondents 31,119 * 1,673 + 24,533 Industrial loan commitments 2,723 + 95* + 1,375 * April 11 figure revised, MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 18, 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial Acceptances U.S.. Government advances loans purchased securities Within 15 days 100,oia 176 263 586,147 16 to 90 days 13,440 346 155 2,827,946 91 days to 1 year 9 2,544 10,369,990 Over 1 year to 5 years 1,177 4,436,766 Over 5 years to 10 years 1,031,904 Over 10 years 3,833,024 Digitized for FR T AS o E t R a l 113,490 418 23,085,777 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H,4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 18, 1951 (In thousands of dollars) A S S E TS fetal Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 19,947,905 671,1*88 7,084,557 1111,988 1558,731 692,631 788,452 4007,733 495,512 299,156 697,609 170,206 2269,512 f°r 623.1,29 58.2a, 1,9.288 50,997 70.720 61,087 h},Xh 105,020 U.,053 23,689 31..525 25,91,0 56.832 ZLT- SS S:S 'IS 1:K "S "« 'S "S £K KS tS 1:3 ^"reserves °e r t l f l c a te 20,571,;;!, 729,752 7,133,81,5 1162,985 11,29,1,51 755,718 831,176 1(112,755 539,565 323,115 732,13k 1,96.11,6 2326,36b 'IS Industrial loans g,2U3 — 26 2,925 185 127 28 J57 JJ _778 : AccSeptanc:es puirc:halsed: I4Il8 4 18 '1:1 !;S:I till i S ill 1:5 6l& securities 23,085,777 1587,980 5,258,887 1452,557 2156,442 1535,043 1245,685 3143,359 1231,940 713,573 1086,971 1101*,701 2268,639 T°securitiesand 23,203,928 1592,789 5,278,978 1462,022 2160,127 1546,600 121*5,839 3448,21*4 121*1,090 742,130 1107,814 1105,778 2272,517 : Iggr -"l| 'II 'i '11 "j 'II il ll 111111 *1 'II TOTAL ASSETS 48,387,881 2728,$21 13,286,854 2910,1*09 4043,250 2702,1*10 21*02,700 8285,524 1976,945 1181,814 2060,355 1799,255 5009,444 1/ After deducting $23,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

OF THE FEDERAL RESERVE BANKS ON APRIL 18, 1951 STATEMENT OF CONDITION H.4.1(o) In thousands of dollars) L I A B I L I T I ES Total Boston Mew York Phila, 20 C 69 le ,1 v 8 e. 6 154 R 5 i ,1 ch 8 , 1 A 1 t 2 l 4 a 2 n , t 0 a 44 C 4 h 4 i 7 c 1 a , g 0 o 87 S 1 t 0 . 6 L 2 o , u 71 is 4 60 M 3, p 9 l 3 s 8 e K 90 a 3 n , s 8 .C 71 y . 6 D 12 a , l 5 la 4 s 7 S 2 a 2 n 8 F 6 r , a 8 n 4 * 5 Federal Reserve notes 23,037,9141+ 11+25,1+12 5,189,263 1 625,856 Deposits: 417,546 900,235 918,704 2216,139 Member bank-reserve accts, 19,673,841+ 884,783 6,678,709 907,057 11+55,820 7 3 7 3 3, ,8 83 1 7 7 8 3 2 1 3 ,6 ,7 1 5 8 9 65 , 3 7 0 4 1 2 7,369 6 3 7 1 9 ,9 ,8 0 8 1 6 33,736 31,688 40,138 56,119 U.S.Treasurer-general acct. 621,459 38,920 11+6,1+51+ 51,981 59,31+5 21,290 31,509 31,509 79,211 F O o th re er ig n 8 3 6 1 6 7 , , 6 0 7 3 9 3 52 5, , 1 7 5 9 1 9 + 1/2 2 7 5 6 2 , , 5 6 0 8 9 9 6 1 7 , , 2 2 6 76 7 7 4 9 , , 3 1 3 9 7 9 42 2 , , 5 9 8 8 0 4 3 7 5 ,0 ,7 1 6 6 7 1,99 8 117,521 5 3 , 1 4 , 5 5 2 0 9 1,675 570 870 33,021 853,218 898,160 3202,630 748,748 474,247 964,002 991,221 2384,490 De T fe o r t r a e l d d a ep v o a s i i l t . s c ash items 21 2 , , 1 9 + 16 7 , 9 1 , 1 0 1 15 + 9 26 8 0 1 ,9 ,6 1 5 + 6 3 7,3 4 5 6 l 6 + , , 3 3 5 6 9 1 1 1 8 0 3 2 , 7 8 , 1 5 9 8 1 1 2 5 8 9 6 8 , , 8 7 5 01 2 252,864 219,532 479,321 127,039 77,400 154,516 157,902 249,567 Other liabilities and 1,067 accrued dividends 3956,012 2651,798 2360,218 8154,718 1938,950 1155,910 2022,783 1762,203 4921,969 2669,059 13,014,154 2837,909 TOTAL LIABILITIES 47,445,683 5,213 8,628 10,146 24,381 Capital paid in 228,624 12,298 73,674 16,019 4 21 8 , , 8 o 6 i 5 4 1 2 0 5, , 1 l4 6 l 7 9 2 , 2 3 , 4 3 0 69 2 7 9 5 , , 3 3 0 4 9 5 7 2 , 0 6 , 1 2 0 9 5 13,168 19,047 16,852 44,519 Surplus (Section 7) 510,022 32,246 153,290 39,710 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Surplus -(Section 13b) 27,543 3,011 7,319 4,489 6,450 8,760 8,747 16,435 Other capital accounts 176,009 12,307 38,417 12,282 - 16,353 11,955 10,011 24,723 9,569 TOTAL LIABILITIES AND 2728,921 13,286,854 2910,409 4043,250 2702,410 2402,700 8285,524 1976,945 1181,814 2060,355 1799,255 5009,444 CAPITAL ACCOUNTS 48,387,881 Contingent liability on a fo c r c e fo p r ta e n ig c n es p co u r r r c e h s a p s o ed n dents 31,119 1,929 2/9,554 2,459 2,894 1,55 4 6 8 1,307 4,2 2 9 0 5 8 1,151 778 1,1 4 5 3 1 5 1,151 2,89 9 4 4 Industrial loan commitments 2,723 1,394 494 FEDERAL RESERVE AGENTS' ACCOUNTS 23,946,568 1483,992 5,376,332 1698,148 2161,739 1620,530 1347,716 4556,772 1104,329 615,095 933,640 656,182 2392,093 F.R. notes outstanding Collateral for F.R. notes: 12,084,000 350,000 4,470,000 700,000 765,000 450,000 510,000 2480,000 250,000 150,000 280,000 179,000 1500,000 Gold certificates 11,030 Eligible paper U.S. Govt, securities 1J-<2 : 5 tw8u0*000 x 1 t 2 : 0 w Q ,w !0 u 00 1 .1 , 0 ' 00',000 1000*000 1425,000 1190,0 0 * 0 850,00 0 * 2100,0 0 , 0 • 925,000 490,600 '' 700,0 0 ; 0 • 500,000 1200,000 679,000 2700,iuO Total collateral 24,763,378 1554,809 5,488,647 1706,540 2190,000 1651,030 1360,000 4580,000 1184,150 668,400 1000,7 1/ After deducting $590,159,000 participations of other Federal Reserve Banks. 2/ After deducting $21,565,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1