H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM g.4.1 (For Immediate Release) May 3, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended May 2, Member bank reserves decreased $234 million. The principal changes reducing reserves were Increases of $133 million in Money in circulation, $29 million in Treasury deposits with Federal Reserve Banks, and $1? million in Foreign deposits with Federal Reserve Banks, and decreases of $65 million in Reserve Bank credit and $52 million in Gold stock. The principal offsetting change was a decrease of $56 million in Other F. R. accounts (net). The decrease of $65 million in Reserve Bank credit resulted from a decrease of $224 million in U. S. Government securities, and increases of $115 million in Loans, discounts and advances, and $44 million in Float. Holdings of U. S. Government securities reflected decreases of $195 million in bills and $29 million in notes. Change since Member Bank Reserves May 2, April 25, M&y3, and Belated Items JSSl , % -±252 (In millions of dollars) Reserve Bank credit: . iC nnq U. S. Government securities y -224 5, 5 Loans, discounts and advances 269 +1}f + : B, li:l : 5:1 Treasury currency outstanding 4,643 + d Money in circulation 27,255 "*"^^3 + 204 Treasury cash holdings 1*294 2 ~ ~ Treasury deposits with F. R. Banks 707 +29 + 07 Foreign deposits with F. R. Banks 909 +17 °7 Other deposits with F. R. Banks 317 "3 + Other F. R. accounts (net) 697 '56 - lb Member bank reserves 18,942 -234 +2,956 Required reserves (estimated) "ova Excess reserves (estimated) -213 Daily average excess reserves (estimated) 513 -305 202 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 May 2, April 25, May 3, 1951 1951 1950 A S S E TS - 52,500 - 2,616,029 Gold certificates 19,893,W Redemption fund for F. R. notes 622,828 + 536 + 99,182 Total gold certificate reserves 20,516,23b - 51,964 - 2,516,847 Other cash 331,954 - 8,584 + 125,69!,. Discounts and advances 263,897 +1 111, 669 + 113,336 + 2,120 Industrial loans + 135 Acceptances purchased 165 93 + 165 U. S. Government securities: Bills 1,229,298 -195,400 - 3,090,677 Certificates - 5,761,250 Notes lU,916,133 - 29,000 +13,384,633 Bonds 6,570,259 + 471,759 Total U. S. Government securities 22,715,690 -224,400 + 5,004,465 Total loans and securities 22,9814,408 -109,689 + 5,150,086 Due from foreign banks 33 + 4 F. R. notes of other banks 125,906 - 9,556 + 23,195 Uncollected cash items 3,362,361 + 91,011 + 807,605 Bank premises U0.915 + 44 + 6,386 Other assets 175,760 + 7,686 + 45,713 TOTAL ASSETS 47,537,567 » 81,05% + ^,641,841 L I A B I L I T I ES Federal Reserve notes 23,125,817 +111,557 + 255,702 Deposits: Member bank—reserve accounts 18,941,637 -233,922 + 28, W U. S* Treasurers-general account 706,523 + 28,120 + Foreign 909,352 + 17,610 - 86,963 Other 317,147 - 2,999 + 26,133 Total deposits 20,874,659 -191,191 + 2,923,603 Deferred availability cash items 2,623,210 + 46,532 + 425,677 Other liabilities and accrued dividends 12,639 - 1,780 - 107 TOTAL LIABILITIES 46,636,325 - 54,382 + C A P I T AL A C C O U N TS Capital paid in 228,749 27 + 13,540 Surplus (Section 7) 510,022 —— + 21,849 Surplus (Section 13b) 27,543 Other capital accounts 134,928 - 46,197 + 1,577 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,537,567 - 81,052 + 3,641,041 Ratio of gold certificate reserves to deposit and F. R, note liabilities combined 46.6$ — •!% - 9.8% Contingent liability on acceptances purchased for foreign correspondents 31,473 + L7& + 25,032 Industrial loan commitments 2,711 142 1,407 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 2, 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial Acceptances U. S. Government advances loans purchased securities Within 15 days 243,810 165 165 653,199 16 to 90 days 20,048 719 2,420,594 91 days to 1 year 39 2,516 10,314,490 Over 1 year to 5 years 1,256 4,436,766 Over 5 years to 10 years 1,031,904 Over 10 years 3.858,737 Digitized for FRASER http://fraser.stlo T u o is t fe a d l .o rg/ "263",897 4,656 I65 - 22,7157590 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 2, 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 6,754,591 1152,421 1435,187 757,639 819,083 4115,970 483,209 295,798 707,391 439,160 2286,402 Gold certificates 19,893,^02 646,551 Redemption fund for 48.322 51.568 71.452 61,171 42.792 104,717 43,949 23,633 34,417 26,364 56,413 622.828 58,030 F. R. notes Tnt.al gold certificate 818,810 861,875 4220,687 527,158 319>31 741,808 465,524 2342,815 704,581 6,802,913 1203,989 1506,639 reserves 20,516,230 7,201 11,606 13,583 40,668 Other cash 331,954 3 5 5 , , 3 5 7 0 8 8 l 6 4 0 o , , 9 5 5 0 8 6 1 7 6 , , 6 3 1 9 5 7 2 6 6 , , 7 3 2 9 5 0 2 11 1 , ,7 2 9 6 2 5 3 5 0 , , 3 5 9 7 9 5 5 1 1 7 , , 6 0 3 8 3 5 8 1 , 5 6 ,6 4 4 8 3 33,750 19,065 3,261 5,200 Discounts and advances 263,897 156 --- 22 778 26 3,047 361 125 l4l — — Industrial loans 4,656 165 Acceptances purchased 165 U. S B . i l G l o s v 1 t , , 2 2 s 9 e , c 2 u 9 r 8 ities: 63,179 308,428 77,347 114,829 9 8 9 1 1 , ,8 7 1 3 8 9 8 6 o 6 4 , , 3 8 3 6 2 o 1 2 8 2 3 2 , 4 3 , 5 81 6 6 8 6 1 1 3 ,9 ,2 0 1 6 3 4 3 7 4 3 , ,5 6 2 7 8 5 5 7 7 0 , 2 8 , 8 3 0 11 7 5 1 8 3 , , 8 7 2 6 4 6 1 4 1 6 2 5 0 ,8 , 0 8 9 03 N B o o t n e d s s 1 6* ^ , 5 9 7 1 ^ 6 , , 2 1 5 3 9 3 . 1 4 0 6 5 6 8 , ,7 3 3 5 2 1 3 1, , 4 3 6 3 9 5 , , 1 4 9 4 6 0 4 9 1 3 3 8, , 5 4 2 0 4 0 1 6 3 1 9 3 3, , 3 7 1 2 6 8 436,877 354,524 979.987 358,203 208,579 309,354 314,401 645,65 Total U. S. Government 716,782 1069,545 1086,991 2232,271 1588,262 5,113,064 1429,271 2121,873 securities 22,715,690 Total loans and 5,253,761 1439,933 2128,959 1521,824 1231,256 3405,244 1241,970 750,688 1088,610 1090,274 2238,249 securities 22,984,408 1593,640 2 1 5 1 l 1 1 3 Due from foreign banks 33 2 y 10 3 12,115 14,593 6,542 3,152 5,386 5,574 12,647 16,225 7,277 7,665 30,976 F.R.notes of other banks 125,906 3,75^ 226,656 621,054 144,647 90,583 185,399 142,966 289,197 Uncollected cash items 3,362,361 289,704 59 7 4, ,6 7 1 7 0 6 20 2 7, ,8 8 9 8 8 8 31 4 3 , ,9 7 5 4 6 3 255 3 , , 5 0 3 5 5 4 2,136 5,512 3,438 1,104 2,559 8.2 6 6 6 8 4 1 6 7 , , 1 4 4 8 2 4 Bank premises 40,915 1,055 .400 26.05° 5.533 8.561 38.660 10.963 l6j 11,85 Other assets 175,760 12,69- 1726,854 4947,205 47,537,567 2640,943 12,774,913 2889,348 4005,292 2663,848 2374,014 8344,787 1948,734 1177,693 2043,936 TOTAL ASSETS l/ 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 MAY 2, 195- H.4.l(c) (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 23,125,817 11+20,917 5,205,997 1630,902 2075,792 1553,971+ 1254,557 4483,528 1068,803 605,670 909,226 622,225 2294,226 Deposits: Member bank-reserve accts. 18,941,637 812* ,821 6,147,830 901,921+ 114+3,775 769,838 817,834 3041,527 652,076 417,176 879,849 881,800 2173,187 U.S.Treasurer-general acct. 706,523 56,563 169,969 l+l+,692 68,836 36,000 34,355 103,843 42,127 35,424 42,452 29,401 42,861 Foreign 909,352 54,647 1/298,528 69,631 81,970 44,070 37,019 121,633 32,612 22,035 32,612 32,612 81,983 Other 317,147 4,091 " 243,693 957 8,970 3,719 5,824 4,250 6,399 1,277 2,220 1,784 33,963 Total deposits 20,874,659 930,122 6,860,020 1017,204 1603,551 853,627 895,032 3271,253 733,214 475,912 957,133 945,597 2331,994 Deferred avail. cash items 2,623,210 231,679 441,936 170,593 241,042 207,793 183,689 463,718 110,308 71,091 141,463 123,430 236,468 Other liabilities and 471 1,088 accrued dividends 12,639 1,097 3,809 684 1,399 523 478 1,760 472 • 431 427 1153,104 2008,249 1691,723 4863,776 TOTAL LIABILITIES 46,636,325 2583,815 12,511,762 2819,383 3921,784 2615,917 2333,756 8220,259 1912,797 5,214 8,629 10,176 24,382 Capital paid in 228,749 12,298 73,702 16,015 21,921 10,146 9,340 29,313 7,613 Surplus (Section 7) 510,022 32,24.6 153,290 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 134,928 9,573 28,840 9,751 12,567 9,269 7,787 18,441 7,508 5,134 6,874 6,796 12,388 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,537,567 2640,943 12,774,913 2889,348 4005,292 2663,848 2374,014 8344,787 1948,73k 1177,693 2043,936 1726,854 4947,205, Contingent liability on acceptances purchased for foreign correspondents 31,473 1,951 2/9,662 2,486 2,927 1,573 1,322 4,3^-3 1,165 787 1,165 1,165 2,927 Industrial loan commitments 2,711 — -- 1,257 624 48 208 480 94 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 24,008,947 1476,590 5,377,885 1712,281 2175,371 1622,417 1350,423 4562,698 1109,775 615,654 935,348 664,868 2405,63? Collateral for F.R. notesj Gold certificates 12,174,000 350,000 4,470,000 710,000 765,000 450,000 510,000 2580,000 250,000 150,000 280,000 159,000 1500,000 Eligible paper 226,567 5,378 138,506 7,615 — 10,540 — — 8,648 33,750 18,930 — 3,:00 U.S. Govt, securities 12,570,000 1200,000 1,000,000 1000,000 1425,000 1215,000 900,000 2000,000 925,000 490,000 700,000 515,000 1200,000 Total collateral 24,970,567 1555,378 5,608,506 1717,615 2190,000 1675,540 1410,000 4580,000 1183,648 673,750 990,930 674,060 2702,200 1/ After deducting $610,810,000 participations of other Federal Reserve Banks. 2/ After deducting $21,811,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis