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 28, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended June 27# Member bank reserves decreased $380 million. The principal changes reducing reserves were a decrease of $234 million in Reserve Bank credit, and increases of $122 million in Money in circulation and $42 million in Foreign deposits with Federal Reserve Banks. The principal offsetting change was a decrease of $15 million in Treasury deposits with Federal Reserve Banks. The decrease of $234 million in Reserve Bank credit resulted from a decrease of $327 million in Float, and increases of $55 million in Loans, discounts and advances and $37 million in U. S. Government securities. Holdings of U. S. Government securities reflected an increase of $73 million in bonds, and decreases of $26 million in notes and $10 million in bills. Change since Member Bank Reserves June 27, June 20, June 26, and Related Items 1951 1951 1950 (In millions of dollars) Reserve Bank credit: U. S. Government securities 22,843 + 37 +4,626 Loans, discounts and advances 226 + 55 + 154 Float 846 -327 + 568 Total 23,916 -234 +5,349 Gold stock 21,755 -- -2,475 Treasury currency outstanding 4,650 + 2 + 42 Money in circulation 27,601 +122 + 575 Treasury cash holdings 1,286 + 1 - 20 Treasury deposits with F. R. Banks 4l8 - 15 - 448 Foreign deposits with F. R. Banks 947 + 42 - 193 Other deposits with F. R. Banks 192 - 2 - 109 Other F. R. accounts (net) 775 + 1 3 Member bank reserves 19,102 -380 +3,114 Required reserves (estimated) 18,611 - 45 +3,1^9 Excess reserves (estimated) 491 -335 - 35 Daily average excess reserves (estimated) 509 -537 133 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.it.l(a) OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) June 27, June 20, June 28, 1951 1951 1950 A S S E TS Gold certificates 19,868,402 - 10,502 - 2,592,029 Redemption fund for F. R. notes 649,839 + 10,478 + 128,189 Total gold certificate reserves 20,518,241 - 24 - 2,463,840 Other cash 306,351 - 6,706 + 93,835 Discounts and advances 220,301 + 54,956 + 150,938 Industrial loans 5,450 + 71 + 2,783 U.S. Government securities: Bills 401,394 - 9,500 - 3,435,481 Certificates 3,193,792 - 2,163,458 Notes 12,439,248 - 26,100 + 9,060,148 Bonds 6,808,802 + 72,965 + 1,165,002 Total U. S. Government securities 22,843,236 + 37,365 +~ 4,odo,cii Total loans and securities 23,068,987 + 92,392 + 4,779,932 Due from foreign banks 38 — + 10 F. R, notes of other banks 127,777 .- 2,386 + 15,195 Uncollected cash items 3,410,547 *1,181,272 + 778,862 Bank premises 41,468 - 37 + 6,243 Other assets 150,404 + 6,280 + 45,978 TOTAL ASSETS 47,623,813 1,091,753 + 3,256,215 L I A B I L I T I ES Federal Reserve notes 2233,,443344,,221188 + 112,113 + 633,415 Deposits: Member bank—reserve accounts 19,102,378 - 380,109 + 3,113,927 U. S. Treasurer—general account 417,674 - 15,561 - 148,395 Foreign 946,705 + 41,430 - 193,603 Other 191,633 - 2,043 - 108,704 Total deposits 20,658,390 - 356,283 * 2,363,225 Deferred availability cash items 2,564,062 - 854,736 + 210,174 Other liabilities and accrued dividends 21,060 + 963 + 4,683 TOTAL LIABILITIES 46,677,730 1,097,943 + 3,211,497 C A P I T AL A C C O U N TS Capital paid in 231,262 + 560 + 12,188 Surplus (Section 7) 510,022 -- + 21,849 Surplus (Section 13b) 27,543 Other capital accounts 177,256 + 5,6)0 + 10,681 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,623,813 1,091,753 + 3,256,215 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.5# + ,2# - 9# Contingent liability on acceptances purchased for foreign correspondents 26,899 - 582 + 21,388 Industrial loan commitments 3,543 + 161 + 2,335 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 2?, 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 205,530 688 73,057 16 to 90 days 14,639 470 1,929,120 91 days to 1 year 132 2,825 11,833,709 Over 1 year to 5 years 1,W9 3,878,166 Over 5 years to 10 years 1,031,904 Over 10 years 4,097,280 Total 220,301 5,450 22,843,236 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 27, 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 19,868,402 625,814 6,814,944 1130,580 1419,824 786,527 815,229 4098,550 470,663 290,360 666644,,667788 442233,,448855 22332277,,774488 Redemption fund for F. R. notes 649,839 59.038 54,527 55,884 75,305 62,584 44,007 112,459 44,588 23,987 34,146 27,590 55,724 Total gold certificate reserves 20,518,241 684,852 6,869,471 1186,464 1495,129 849,111 859,236 4211,009 515,251 314,347 698,824 451,075 2383,472 Other cash 306,351 31,145 47,168 19,319 23,281 16,810 25,762 58,406 17,345 7,511 11,359 13,689 34,556 Discounts and advances 220,301 13,016 71,185 12,620 24,100 7,430 6,780 34,525 11,150 15,810 18,214 2,060 3,411 Industrial loans - 5,450 --- 25 3,779 378 122 193 — 152 4o 761 U. S. Govt, securities: Bills 401,394 --- 127,827 25,255 37,495 26,690 21,659 59,870 21,685 3,361 18,899 19,208 39,445 Certificates 3,193,792 225,121 715,745 200,953 298,332 212,365 172,334 476,370 174,122 101,390 150,377 152,829 313,854 Botes 12,439,248 876,805 2,787,698 782,677 1161,950 827,123 671,209 1855,376 678,175 394,896 585,689 595,245 1222,405 Bonds 6,808,802 479,937 1,525,881 428,411 636,010 452,737 367,396 1015,567 371,210 216,153 320,586 325,613 669,101 Total U. S. Government securities 22,843,236 1581,863 5,157,151 1437,296 2133,787 1518,915 1232,598 3407,183 1245,192 715,800 1075,551 1093,095 2244,805 Total loans and securities 23,068,987 1594,879 5,228,361 1453,695 2158,265 1526,467 1239,571 3441,708 1256,342 731,762 1093,765 1095,195 2248,977 Due from foreign banks 38 2 1/ 12 3 4 2 2 5 1 1 1 1 4 F.R.notes of other banks 127,777 4,308 19,206 8,173 7,181 20,947 11,531 14,925 7,981 4,680 8,667 4,735 15,443 Uncollected cash items 3,410,547 285,745 625,330 215,126 322,110 291,784 198,714 583,590 141,210 95,735 172,673 156,996 321,534 Bank premises 41,468 1,045 7,592 2,887 4,718 3,251 2,262 5,860 3,395 1,099 2,543 667 6,149 Other assets 150,4o4 11,175 32,913 9,134 14,597 10,225 7,938 22,293 7,891 4,689 7,396 7,165 14,988 TOTAL ASSETS 47,623,813 2613,151 12,830,053 2894,801 4025,285 2718,597 2345,016 8337,796 1949,416 1159,824 1995,228 1729,523 5025,123 l/ After deducting $26,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 27, 1951 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. CIeve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 23,434,218 1455,027 5,270,461 1662,513 2121,499 1576,784 1263,148 4539,542 1068,240 606,435 911,381 626,164 2333,024 Deposits $ Member bank-reserve accts. 19,102,378 793,271 6,347,897 883,723 1437,867 755,012 792,527 3066,426 676,852 411,315 856,439 864,553 2216,496 U.S.Treasurer-general acct. 417,674 30,991 67,866 26,612 46,878 32,636 35,160 38,879 18,378 19,642 32,223 25,465 42,9144 Foreign 946,705 57,796 1/300,679 73,6144 86,695 46,610 39,152 128,6144 34,491 23,305 34,491 34,491 86,707 Other 191,633 5,166 130,464 l,758 3,998 2,415 3,561 2,778 6,385 1,289 401 606 32,812 Total deposits 20,658,390 887,224 6,846,906 985,737 1575,438 836,673 870,400 3236,727 736,106 455,551 923,554 925,115 2378,959 Deferred avail. cash items 2,564,062 209,285 431,988 172,457 238,655 253,503 168,033 427,694 105,975 71,278 121,750 139,884 223,560 Other liabilities and accrued dividends 21,060 1,454 7,014 1,094 2,045 985 885 2,758 892 592 677 909 1,755 TOTAL LIABILITIES 46,677,730 2552,990 12,556,369 2821,801 3937,637 2667,945 2302,466 8206,721 1911,213 1133,856 1957,362 1692,072 4937,298 Capital paid in 231,262 12,335 74,775 16,364 22,160 10,128 9,388 29,539 7.694 5,255 8,715 10,470 24,459 Surplus (Section 7) 510,022 32,246 153,290 39,710 48,oi4 25,167 22,369 75,545 20,295 15,168 19,047 16,852 144,519 Surplus (Section l)b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,075 1,157 1,507 2,140 Other capital accounts 177,256 12,569 38,300 12,437 16,468 12,008 10,051 24,762 9.695 6,492 8,967 8,822 16,707 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,625,815 2615,151 12,850,053 2894,801 4025,285 2718,597 2545,016 8557,796 1949,416 1159,824 1995,228 1729,525 Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments F.R. notes outstanding Collateral for F.R. notes; Gold certificates Eligible paper U.S. Govt, securities Total collateral LA O CM LA rH CM ir\ 26,899 1,668 2/8 ,248 2,126 2,505 1,546 1,150 5,714 996 675 996 99 6 2,503 3,543 — 1,500 645 48 — 503 ~ ~ 475 — 574 FEDERAL RESERVE AGENTS' ACCOUNTS 24,476,678 1497,009 5,495,841 1765,826 2259,492 1645,094 1564,065 4626,951 1116,564 618,800 945,076 692,422 2471,760 11,984,000 550,000 4,470,000 660,000 745,000 450,000 510,000 2460,000 250,000 150,000 280,000 159,000 1500,000 141,105 15,016 62,745 12,620 6,550 — —— 11,150 15,810 18,025 — 1,411 15,065,000 1200,000 1,100,000 1100,000 1500,000 1215,000 900,000 2200,000 925,000 490,000 700,000 555,000 1200,000 25,190,105 1565,016 5,652,745 1772,620 2245,000 1671,550 1410,000 4660,000 1186,150 655,810 998,025 694,000 2701,411 l/ After deducting $646,015,000 participations of other Federa lReserve Banks. 2/ After deducting $18,651,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis