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 14, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 13, Member bank reserves increased $289 million. The principal changes supplying reserves were an increase of $237 million in Reserve Bank credit, and decreases of $21 million in Money in circulation, $20 million in Other deposits with Federal Reserve Banks, $14 million in Treasury cash holdings, and $10 million in Treasury deposits with Federal Reserve Banks. The principal offsetting change was an increase of $13 million in Foreign deposits with Federal Reserve Banks. The increase of $237 million in Reserve Bank credit resulted from increases of $105 million in U. S. Government securities, $8l million in Float, and $50 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected increases of $124 million in notes and $67 million in bonds, and a decrease of $86 million in bills. Change since Member Bank Reserves June 13, June 6, June 14, and Related Items 1951 1951 1950 (In millions of dollars) Reserve Bank credit: U. S« Government securities 22,758 +105 +5,065 Loans, discounts and advances 184 + 50 + 102 Float 840 + 81 + 345 Total 23,783 +237 +5,513 Gold stock 21,756 -2,476 mmm Treasury currency outstanding 4,647 + 3 + 43 Money in circulation 27,499 - 21 + 506 Treasury cash holdings 1,289 - 14 - 15 Treasury deposits with F. R. Banks 129 - 10 - 190 Foreign deposits with F. R. Banks 913 + 13 - 160 Other deposits with F. R. Banks 182 - 20 - 192 Other F. R. accounts (net) 686 + 2 4-9 Member bank reserves 19,487 +289 +3,178 Required reserves (estimated) 18,401 + 65 +2,968 Excess reserves (estimated) 1,086 +224 + 210 Daily average excess reserves (estimated) 942 +120 + 149 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 June 13, June 6, June 14, 1951 1951 1950 A S S E TS Gold certificates 19,883,902 + 999 - 2,587,527 Redemption fund for F. R. notes 637,601 + 11,353 + 114,460 Total gold certificate reserves 20,521,503 + 12,352 - 2,473,067 Other cash 300,222 + 9,212 + 100,934 Discounts and advances 178,789 + 50,2+14 + 99,485 Industrial loans 5*1+88 + 338 + 2,812 U. S. Government securities: Bills 419,620 - 86,300 - 3,681,255 Certificates - 4,844,150 Notes 15,402,348 +124,398 +12,335,148 Bonds 6,936,209 + 66,622 + 1,255,609 Total U« S. Government securities 22,750,177 +104,720 + 5,065,35%' Total loans and securities 22,942,454 +155,472 + 5,167,649 + 10 Due from foreign banks 38 F. R. notes of other banks 127,891 + 16,108 + 14,130 Uncollected cash items 3,669,372 +538,030 + 330,767 Bank premises 41,502 + 198 + 6,4l8 Other assets 225,220 + 6,668 + 87,431 TOTAL ASSETS 47,828,202 +738,040 + 3,234,272 L I A B I L I T I ES Federal Reserve notes 23,335,074 76 + 567,204 Deposits: Member bank—reserve accounts 19,487,217 +288,866 + 3,178,191 U. S. Treasurer—general account 128 , 683 - 10,549 - 190,154 Foreign 913,435 + 13,891 - 159,295 Other 182,482 - 19,308 - 191,899 Total deposits 20,711,817 +272,900 + 2,636,843 Deferred availability cash items 2,829,084 +457,175 14,715 Other liabilities and accrued dividends 17,583 + 1,457 + 1,767 TOTAL LIABILITIES 46,893,558 +731,456 + 3,191,099 C A P I T AL A C C O U N TS Capital paid in 230,464 1,423 + 14,199 Surplus (Section 7) 510,022 + 21,849 Surplus (Section 13b) 27,543 Other capital accounts 166,615 + 5,161 + 7,125 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,028,202 +738,040 + 3,234,272 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.6# 9.7^ Contingent liability on acceptances purchased for foreign correspondents 29,034 193 + 23,41+9 Industrial loan commitments 3,612 18 + 2,4o6 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 13, 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 161,578 193 240,892 16 to 90 days 17,050 4,215 4,734,433 91 days to 1 year 161 893 8,304,917 Over 1 year to 5 years 187 4,436,766 Over 5 years to 10 years 1,031,904 Over 10 years —- Total 178,789 5,488 22,758,177 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 13, 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 19,883,902 638,06% 6,910,057 1109,173 1371,749 773,747 802,735 4025,198 499,61% 314,387 666,351 437,6l4 2335,213 Redemption fund for F. R. notes 637,601 57,163 55,115 55,095 74,460 62,143 44,116 103,64? 44,652 23,513 34,196 27,635 55,866 Total gold certificate reserves 20,521,503 695,227 6,965,172 1164,268 1446,209 835,890 846,851 4128,84$ 544,266 337,900 700,547 465,249 2391,079 Other cash 300,222 34,211 50,264 15,604 23,741 18,269 26,953 54,538 l4,88l 7,351 11,123 10,808 32,479 Discounts and advances 178,789 10,519 109,570 11,995 9,775 4,580 757 9,325 3,650 2,925 8,696 2,46l 4,536 Industrial loans 5,488 — 26 3,867 357 122 154 — — 152 — 40 770 U. S. Govt, securities: Bills 419,620 7,298 143,079 26,402 39,197 27,902 22,642 62,589 9,438 19,757 20,079 41,237 Notes 15,402,348 1093,244 3,444,530 969,116 1438,733 1024,148 831,097 2297,337 839,721 488,596 725,205 737,033 1513,588 Bonds 6,936,209 492,325 1,551,194 436,427 647,911 461,209 374,270 1034,570 378,155 220,031 326,584 331,912 681,621 Total U. S. Government securities 22,758,177 1592,86? 5,138,803 1431,945 2125,841 1513,259 1228,009 3394,496 1227,314 708,627 1071,546 1089,024 2236,446 Total loans and securities 22,942,454 1603,386 5,248,399 1447,807 2135,973 1517,961 1228,920 3403,821 1230,964 711,704 1080,242 1091,525 2241,752 Due from foreign banks 38 2 1/ 12 3 4 2 2 5 1 1 1 l 4 F.R.notes of other banks 127,891 4,855 20,430 6,383 6,908 21,870 11,608 15,022 9,235 4,087 7,842 5,930 13,721 Uncollected cash items 3,669,372 278,151 657,589 213,748 344,511 304,585 248,785 645,128 167,650 107,019 210,011 152,011 340,184 Bank premises 41,502 1,050 7,592 2,892 4,726 3,263 2,265 5,832 3,417 1,101 2,543 666 6,155 Other assets 225.220 16.227 50.249 13.815 21.259 15.143 11.901 33.672 12.026 6.998 10.Q24 10.586 22.420 TOTAL ASSETS 47,828,202 2633,109 12,999,707 2864,520 3983,331 2716,983 2377,285 8286,863 1982,440 1176,161 2023,233 1736,776 5047,794 l/ After deducting $26,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HJwl(o) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 13, 1951 (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 23,335,074 114-33,902 5,235,998 1655,386 2109,084 1566,439 1256,036 4525,936 1070,756 606,453 912,810 630,224 2332,050 Deposits: Member bank-reserve accts. 19,487,217 854,232 6,528,352 878,519 1433,487 807,554 826,852 3022,827 699,396 433,455 863,889 901,429 2237.225 U.S.Treasurer-general acct, 128,683 1,792 100,445 15,012 569 1,648 2,094 587 2,120 1,713 575 514 1,614 Foreign 913,435 56,370 1/283,3248 71,827 84,556 45,460 38,186 125,470 33,640 22,730 33,640 33,640 84,568 other 182,482 5,887 115,29b 3,326 3,836 3,693 6,528 2,479 6,466 963 477 2,012 31,521 Total deposits 20,711,81? 918,281 7,027,439 968,684 1522,448 858,355 873,660 3151,363 741,622 458,861 898,581 937,595 2354,928 Deferred avail+ cash items 2,829,081+ 220,021 459,508 167,528 263,744 241,232 204,893 477,781 131,707 84,759 173,968 131,380 272,563 Other liabilities and accrued dividends 17,583 1,467 5,455 952 1,602 1,041 746 2,327 745 478 604 700 1,466 TOTAL LIABILITIES 46,893,558 2573,671 12,728,400 2792,550 3896,878 2667,067 2335,335 8157,407 1944,830 1150,551 1985,963 1699,899 4961,007 Capital paid in 230,464 12,332 74,770 16,037 21,990 10,111 9,370 29,494 7,649 5,221 8,640 10,423 24,427 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 l$b) 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 166,615 11,849 35,928 11,734 15,443 11,289 9,449 23,188 9,145 6,i48 8,446 8,295 15,701 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 47,828,202 2633,109 12,999,707 2864,520 3983,331 2716,983 2377,285 8286,863 1982,440 1176,161 2023,233 1736,776 5047,794 Contingent liability on acceptances purchased for foreign correspondents 29,034 1,780 2/9,136 2,269 2,670 1,436 1,206 3,963 1,062 718 1,062 1,062 2,670 Industrial loan commitments 3,612 1,347 664 48 504 475 574 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 24,313,442 1474,921 5,460,697 1745,324 2220,042 1643,371 1368,811 4609,993 1111,490 617,150 942,173 679,919 2439,551 Collateral for F.R. notes: Gold certificates 12,184,000 350,000 4,470,000 660,000 745,000 450,000 510,000 2660,000 250,000 150,000 280,000 159,000 1500,000 Eligible paper 146,366 10,519 102,650 11,995 — 3,880 3,650 2,925 8,561 2,186 U*S, Govt, securities 12,865,000 1200,000 1,100,000 1100,000 1500,000 1215,000 900,000 2000,000 925,000 490,000 700,000 5C7^,E,-000 1200,000 Total collateral 25,195,366 1560,519 5,672,650 1771,995 2245,000 1565,880 1410,000 4660^000 1178,650 6421925 988^61 694,000 2702,186 l/ After deducting $630,076,000 participations of other Federal Reserve Banks. 2/ After deducting $19,898,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis