H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) June 7, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 6 Member bank reserves increased $690 million. The principal changes supplying ipe serve swere decreases of $48l million in Treasury deposits with Federal Reserve Banks and $120 million in Other deposits with Federal Reserve Banks, and an increase of $150 million in Reserve Bank credit. The principal offsetting change was an increase of $59 million in Money in circulation. The increase of $150 million in Reserve Bank credit resulted from increases of $360 million in U. S. Government securities and $200 million in Float, and a decrease of $4ll million in Loans, discounts and advances. Holdings of U. S. Government securities reflected increases of $399 million in notes and $150 million in bonds, and a decrease of $189 million in bills. Change since Member Bank Reserves June 6, May 30, June 7, and Related Items 1951 1951 1950 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,653 +360 +4,981 Loans, discounts and advances 134 -411 + 37 Float 759 +200 + 385 Total 23,546 +150 +5,403 Gold Stock 21,756 + 1 -2,476 Treasury currency outstanding 4,644 + 2 + 39 Money in circulation 27,520 + 59 + 44i Treasury cash holdings 1,303 + 9 6 Treasury deposits with F. R. Banks 139 -481 - 333 Foreign deposits with F. R. Banks 900 + 5 - 151 Other deposits with F. R, Banks 202 -120 68 Other F, R. accounts (net) 684 - 9 - 49 Member bank reserves 19,198 +690 +3,131 Required reserves (estimated) 18,336 +128 +2,986 Excess reserves (estimated) 862 +562 + 145 Daily average excess reserves (estimated) 822 +398 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATED NT OF CONDITION H.4.l(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since June 6, May 30, June 7 1951 1951 1950 A S S E TS Gold certificates 19,882,903 + 3,001 2,590,526 Redemption fund for F. R. notes 626,248 - 1,516 + 101,618 Total gold certificate reserves 20,509,151 + 1,485 - 2,488,908 Other cash 291,010 - 16,222 + 111,512 Discounts and advances 128,375 -411,343 + 34,091 Industrial loans 5,150 20 + 2,543 Ue S• Government securities 2 Bills 505,920 -188,904 - 3,615,955 Certificates — - 4,827,150 Notes 15,277,950 +399,317 +12,280,250 Bonds 6,869,587 +150,508 + 1,143,987 Total U» S. Government securities 22,653,457 +360,921 + 4,981,132 Total loans and securities 22,786,982 - 50,1+142 + 5,017,766 Due from foreign banks 38 — + 5 P. R. notes of other banks 111,783 - 9,159 + 9,473 Uncollected cash items 3,131,342 +163,1448 + 534,222 Bank premises 41,304 + 234 + 6,351 Other assets 218,552 + 14,160 + 84,650 TOTAL ASSETS 47,090,162 +103,504 + 3,275,071 L I A B I L I T I ES Federal Reserve notes 23,335,150 + 41,267 4- 504,302 Deposits: Member bank—reserve accounts 19,198,351 +689,900 + 3,131,369 U« S. Treasurer—general account 139,232 -480,500 - 332,386 Foreign 899,544 + 4,943 - 151,264 Other 201,790 -120,080 - 68,212 Total deposits 20,438,917 + 94,263 + 2,579,507 Deferred availability cash items 2,371,909 - 37,479 + 149,022 Other liabilities and accrued dividends 16,126 450 + 1,393 TOTAL LIABILITIES 46,162,102 + 97,601 + 3,234,224 C A P I T AL A C C O U N TS Capital paid in 229,041 62 + 13,002 Surplus (Section 7) 510,022 + 21,81# Surplus (Section 13b) 27,543 Other capital accounts 161,454 + 5,81+1 5,996 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,090,162 +103,504 + 3,275,071 Ratio of gold certificate reserves to deposit and F• R. note liabilities combined 46.9% - ,1% 9.< Contingent liability on acceptances purchased for foreign correspondents 28,814 - 1,948 + 23,628 Industrial loan commitments 3,630 142 + 2,1+05 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 6, 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 103,886 188 234,626 16 to 90 days 24,327 807 4,611,379 91 days to 1 year 162 2,794 8,336,017 Over 1 year to 5 years 1,361 4,436,766 Over 5 years to 10 years 1,031,904 Over 10 years )i .000-765 Total 128,375 5,150 22,653,457 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 6, 1951 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 19,882,903 631,904 6,907,740 1092,254 1373,846 782,501 818,365 4078,738 487,185 286,607 673,975 452,951 2296,837 Redemption fund for F. R. notes 626,248 57,316 50,569 51,355 71.624 61.210 44.210 101.848 44.7no qk ooq on A?? cc mi,i, ' 1 /' • -r fn ' " is Total gold certificate reserves 20,509,151 689,220 6,958,309 1143,609 1445,470 843,731 862,595 4182,586 531,885 310,137 708,204 480,624 2352,781 Other cash 291,010 34,117 50,630 13,608 24,940 18,618 24,179 52,508 12,756 6,644 9,620 10,986 32,404 Discounts and advances 128,375 11,888 64,850 9,135 4,700 3,180 2,710 8,150 2,430 6,725 8,550 2,461 3,596 Industrial loans 5,150 26 3,501 383 127 155 — 152 36 770 U.S. Govt, securities: Bills 505,920 19,394 143,556 31,833 47,258 33,640 27,299 75,460 25,160 4,574 23,820 24,209 49,717 Notes 15,277,950 1084,4l4 3,416,348 961,289 1427,113 1015,877 824,383 2278,783 832,938 485,014 719,347 731,080 1501,364 Bonds 6,869,587 487,596 1,536,129 432,234 641,688 456,779 370,676 1024,633 374,524 218,082 323,448 328,724 675,074 Total U. S. Government securities 22,653,457 1591,404 5,096,033 1425,356 2116,059 1506,296 1222,358 3378,876 1232,622 707,670 1066,615 1084,013 2226,155 Total loans and securities 22,786,982 1603,292 5,160,909 1437,992 2121,142 1509,603 1225,223 3387,026 1235,052 714,547 1075,165 1086,510 2230,521 Due from foreign banks 38 2 1/ 12 3 4 2 2 5 11 1 1 4 F.R.notes of other banks 111,783 3,836 17,382 6,710 6,248 19,444 9,536 14,605 7,538 3,537 6,l4o 4,483 12,324 Uncollected cash items 3,131,342 259,037 545,879 195,421 283,482 276,168 212,301 532,491 141,792 94,794 160,213 166,016 263,748 Bank premises 41,304 1,050 7,592 2,893 4,730 3,252 2,264 5,644 3,415 1,101 2,543 666 6,154 Other assets 218,552 15,713 50,138 13,425 20,857 14,488 11,434 32,265 11,554 6,826 10,361 10,246 21,245 TOTAL ASSETS 47,090,162 2606,267 12,790,851 2813,661 3906,873 2685,306 2347,534 8207,130 1943,993 1137,587 1972,247 1759,532 4919,181 l/ After deducting $26,000 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 JUNE 6, 1951 H.4.1(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 San Fran. Federal Reserve notes 23,335,150 1433,030 5,248,243 1640,808 2097,657 1565,801 1264,484 4529,058 1073,776 607,171 915,136 633,457 2326,529 Deposits $ Member bank-reserve accts. 19,198,351 852,829 6,332,513 880,663 1422,241 796,042 823,196 3046,225 681,007 409,139 861,572 906,715 2186,209 U.S.Treasurer-general acct, 139,232 587 128,229 984 541 532 911 552 1,271 706 1,886 765 2,268 Foreign 899,544 54,808 1/286,920 69,836 82,212 1(4,200 37,128 121,992 32,708 22,100 32,708 32,708 82,224 Other 201,790 4,950 131,155 1,958 3,957 3,093 12,904 2,030 7,876 1,159 931 518 31.209 Total deposits 20,438,917 913,174 6,878,817 953,441 1508,951 843,867 874,139 3170,799 722,862 433,104 897,147 940,706 2301,910 Deferred avail, cash items 2,371,909 199 ,841 390,316 146,899 212,376 225,219 166,520 376,523 109,364 71,122 122,419 148,135 203,175 Other liabilities and accrued dividends 16,126 1,300 4,432 869 1,889 782 708 2,185 _652_ 222. J8L _6£L 1.319 TOTAL LIABILITIES 46,162,102 2547,345 12,521,808 2742,017 3820,873 2635,669 2305,851 8078,565 1906,661 1112,136 1955,289 1722,955 4852,955 Capital paid in 229,041 12,298 73,569 16,031 22,006 10,159 9,369 29,336 7,649 5,221 8,656 10,563 24,404 Surplus (Section 7) 510.022 32,246 153,290 39,710 48,014 25,167 22,369 75,345 20,295 15,168 19,047 16,852 44,519 (Section l)b) 27,545 5,011 7,519 4,489 1,006 5,549 762 1,429 521 1,075 1,157 1,507 2,140 Other capital accounts 8.138 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,090,162 2606,267 12,790,851 2815,661 5906,875 2685,506 2547,554 8207,150 1945,995 1157,587 1972,247 1759,552 4919,181 Contingent liability on acceptances purchased for foreign correspondents 28,841 1,788 2/8,855 2,279 2,682 1,442 1,211 5,980 1,067 721 1,067 1,067 2,682 Industrial loan commitments 5,650 -- — 1,589 657 48 504 -- — - 475 — 577 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 24,274,261 1485,062 5,456,515 1759,416 2204,127 1628,856 1565,296 4611,272 1115,750 618,251 945,267 679,190 2451,277 Collateral for F.R. notes: Gold certificates 12,284,000 550,000 4,470,000 740,000 785,000 450,000 510,000 2640,000 250,000 150,000 280,000 159,000 1500,000 Eligible paper 106,299 11,888 62,850 8,855 5,080 w — 2,450 6,725 8,415 — 2,096 U.S. Govt, securities 12,690,000 1200,000 1,100,000 1000,000 1425,000 1215,000 900,000 2000,000 925,000 490,000 700,000 555,000 1200,000 Total collateral l/ After deducting $612,612,000 participations of other Federal Reserve Banks, 2/ After deducting $19,986,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis