H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) April 26, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended April 25, Member bank reserves decreased deposits with Federal Reserve Banks and of $25 million in Foreign deposits with Federal Reserve Banks. The principal offsetting change was a decrease of $35 million in Money in circulation. The decrease of $445 million in Reserve Bank credit resulted from decreases of $335 million In Float and $146 million In 0. S. Government securities, and an Increase of $36 million In Loans, discounts and advances. Holdings of U. S, Government securities reflected decreases of $139 million in bills $33 million in notes, and an increase of $26 million in bonds. Change since Member Bank Reserves A p r iJ ^ ^ i Q S l' Q and Related Items 1951 — S2_ —-—•—- (In millions of dollars) Reserve Bank credit; -146 +5,300 S. Government securities 22,940 + 36 - 66 Loans, discounts and advances 154 Float 695 -335 + 415 Total 23,789 -445 +5,648 -2,440 Gold stock Treasury currency outstanding 4,641 + 1 + 41 + 160 Money in circulation 27,122 - 35 Treasury cash holdings 1>29& + 3 - 20 Treasury deposits with F* R* Banks 678 + 57 - 155 Foreign deposits with F. R. Banks 892 + 25 - 21 Other deposits with F. R. Banks 320 + 3 + 25 Other F. R. accounts (net) 753 + 1 - 19 -498 +3,278 Member hank reserves 19,176 Required reserves (estimated) 18,483 - 54 +3,240 Excess reserves (estimated) 693 -444 + 3d Daily average excess reserves (estimated) 818 -243 + 228 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.4.1(a) OF THE TWELVE FEDERAL RE SERINE BANK SCOMBINED (In thousands of dollars) Change since April 25, April 18, April 26, 1951 1951 1950 A S S E TS Gold certificates 19,945,902 - 2,003 2,563,530 Redemption fund for F. R» notes 622,292 - 1,137 + 96,361 Total gold certificate reserves 20,568,194 - 3,140 - 2,467,169 Other cash 310,538 + 8,337 + 112,116 Discounts and advances 149,228 + 35,738 - 68,638 Industrial loans 4,521 + 278 + 1,944 Acceptances purchased 258 160 + 258 U. S. Government securities: Bills 1,424,698 -138,900 • 2,774,777 Certificates — - 5,753,250 Notes 14,945,133 - 32,500 +13,461,133 Bonds 6,570,259 + 25,713 4- 366,459 Total U. S. Government securities 22,940,090 + 5,299,565 Total loans and securities 23,094,097 -109,831 + 5,233,131 Due from foreign tanks 33 — + li F. R. notes of other banks 135,462 + 4,145 + 27,862 Uncollected cash items 3,271,350 -674,904 702,975 Bank premises 40,871 13 6,291 Other assets 168,074 + 6,l44 + 41,353 TOTAL ASSETS 47,618,619 -769,262 T L I A B I L I T I ES Federal Reserve notes 23,014,260 - 23,684 + 212,803 Deposits: Member bank—-reserve accounts 19,175,559 -498,285 + 3,277,968 U. S. Treasurer—general account 678,403 + 56,914 - 154,958 Foreign 891,742 + 25,063 - 21,795 Other 320,146 + 3,113 25,319 Total deposits 21,065,850 -413,165 3,126,534 Deferred availability cash items 2,576,678 -339,436 + 288,017 Other liabilities and accrued dividends 14,419 + 1,809 42 TOTAL LIABILITIES 46,671,207 -774,476 3,627,396 C A P I T AL A C C O U N TS Capital paid in 228,722 + 98 + 13,562 Surplus (Section 7) 510,022 + 21,849 Surplus (Section l)b) 27,543 Other capital accounts 181,125 + 5,116 6,244 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,618,619 -769,262 + 3,656,563 Ratio of gold certificate reserves to deposit and F, R. note liabilities combined 46.7# + .5# 9.8# Contingent liability on acceptances purchased for foreign correspondents 30,997 122 + 24,581 Industrial loan commitments 2,753 + 30 1,470 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 25, 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial Acceptances U.S. Government advances loans purchased securities Within 15 days 131,454 184 258 599,874 16 to 90 days 17,665 572 — 2,669,319 91 days to 1 year 109 2,500 — 10,343,490 Over 1 year to 5 years — 1,265 -- 4,436,766 Over 5 years to 10 years — — -- 1,031,904 Over 10 years — — — 3.858.737 Total 149,228 4,521 258 22,940,090 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 25, 1951 (In thousands of dollars) A S S E TS Total Boston New York Phils. Cleve. Rich. Atiatita Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 19,945,902 629,164 7,014,636 1139,o6o 1370,736 726,059 801,458 4087,378 481,746 302,955 686,647 428,457 2277,606 f°r 622.292 58.120 48.771 50.707 70.562 61.815 42.895 104.823 43.996 23,660 34,488 25,896 ?6,55? T°reserve8 certiflcat? 20,568,194 687,284 7,063,407 1189,767 1441,298 787,874 844,353 4192,201 525,742 326,615 721,135 454,353 2334,165 . . .. S3 1 ;£ & ,% ' ? :$ 1 :5 S| Kg S :S i SS S 3? ' "S 5 ^ = " " " e" - " " " • e ss as ga 4 ss &s a 11 a s 11 s 22,940,090 1590,4&T 5,190,530 1443,391 2142,834 1525,355 1237,824 3421,629 1245,735 710,142 1080,111 1097,729 2254,323 23,094,097 1596,566 ' 5,213,227 1453,751 2151,333 1545,386 1248,126 3435,314 1262,335 723,479 1103,188 1100,016 2261,376 TOBU. 47,618,619 2626,016 13,014,976 2878,499 3969,905 2660,412 2364,1(6 8233,863 1963,364 1155,594 2037,218 1747,562 4967,108 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 2p> 1951 STATEMENT OF CONDITION H.U.l(c) In thousands of dollars) Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Boston New York Phila. Cleve. Rich. L I A B I L I T I ES Total 1240,125 4473,840 1058,031 602,935 901,048 611,495 2274,168 1421,041 5,188,704 1629,382 2073,682 1539,809 Federal Reserve notes 23,014,260 Deposits{ 814,012 3042,144 671,308 406,398 863,633 882,979 2196,459 Member baik-reserve accts. 19,175#559 817,451 6,408,955 879,411 1427,557 765,252 44,907 62,933 48,851 28,483 50,168 35,154 50,834 U Fo . r S e . i g T n re asurer-general acct. 67 8 5 8 9 2 , 1 0 4 , , 0 7 1 5 4 4 2 6 4 5 5 4 5 , . , 1 3 0 7 1 9 5 3 7 1 1 " / 6 2 7 7 2 , 5 6 6 9 , 3 8 . 3 2 1 0 5 7 7 0 , 5 2 0 9 , 9 , 3 5 7 9 9 3 2 82, 5 4 4 1 7 , 9 , 5 3 7 W 5 8 , 2 3 2 6 , 1 5 3 9 7 9 , . 3 22 37 5 , , 2 4 6 5 7 9 12 2 2, . 4 3 4 3 7 0 3 5 2 , ,8 5 3 4 0 3 22 1 , , 1 7 8 3 3 2 3 58 2, 0 8 30 32,8 7 3 7 0 2 8 3 2 1 , , 5 00 3 6 1 Other Total deposits 21,065,850 9 2 2 2 2 1 , , 0 6 3 5 6 1 7 4 , 3 1 4, 1 9 2 4 ,5 9 74 1 1 6 0 4 1 , 1 1 , 5 4 1 9 3 2 1 4 5 5 6 ,0 2 0 ,0 8 06 2 8 1 4 9 9 ,8 , 6 1 2 3 8 9 1 0 7 1 9 , , 6 0 4 1 5 2 3 3 2 9 2 6 9 , ,8 8 5 7 4 9 7 1 5 0 8 7 , ,9 5 6 3 0 2 45 6 8 7 , ,2 7 5 9 1 6 9 1 4 5 7 0 , , 2 6 1 4 1 8 9 1 5 4 1 6 , , 7 4 3 0 5 1 2 2 3 4 6 2 0 , , 9 8 0 3 6 0 Deferred avail.cash items 2,576,678 1,264 Other liabilities and accrued dividends 14,419 1710,242 4879,168 3882,102 2609,419 2321,341 8102,377 1925,107 1129,502 1999,323 TOTAL LIABILITIES 46,671,207 2565,842 12,741,121 2805,663 10,158 24,382 Capital paid in 228,722 12,298 73,694 16,020 16,852 44,519 Surplus (Section 7) 510,022 32,246 153,290 59,710 1,307 2,140 Surplus (Section l)b) 27,543 3,011 7,319 4,489 I a s S 3 &S 9,003 16,899 richer capital accounts 181,12 12,619 39,552 12,617 TOTAL LIABILITIES AND 2626,016 1?,014,976 2878,499 3969,905 2660,412 2364,102 8233,863 1963,364 1155,594 2037,218 1747,562 4967,108 CAPITAL ACCOUNTS 47,618,619 Contingent liability on a fo c r c e f p o t r a e n i c g e n s c p o u r r r c e h s a p s o e n d d ents 30,997 1,922 2/9,515 2 1, M 2 9 7 4 2,8 6 8 4 3 4 1,5 4 5 8 0 1,302 4,2 2 7 0 7 8 1,147 775 1, 4 1 8 4 5 7 1,147 2,88 9 3 4 Industrial loan commitments 2,753 FEDERAL RESERVE AGENTS' ACCOUNTS 614,129 934,082 661,314 2597,023 5,378,320 1705,161 2165,585 1620,290 1347,309 4552,993 1110,740 F.R. notes outstanding 25,966,476 1481,530 Collateral for F.R. notes $ 765,000 450,000 510,000 2580,000 250,000 150,000 280,000 179,000 1500,000 Gold certificates 12,194,000 550,000 4,470,000 710,000 16,600 13,180 18,810 Eligible paper 105,758 850,000 2000,000 925,000 490,000 700,000 500,000 1200,000 U-.S, Govt, securities 12,480,000 1200,000 1,000,000 1000,000 1425,000 1190,000 655,180 1002,956 79,000 2702,775 Total collateral 24,777,758 15506*,0u7 9f y j 5 . , 4 i 8 6 J , . 0 6 1 5 1717,315 w 2 • 1 90,000 1658,810 1560,000 4580,000 1191,600 1/ After deducting $6l4,899,000 participations of other Federal Reserve Banks. rnmmm I ^ $21,1+8 ^2 ^, 0^ 0— 0• > p*artici tp •ati ,o /nI s» 1. o^f othe #r3 ma F1 eTDderal R Ae As Ae Ar Tv) Iet. Q Banks After deducting Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis