H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) August 2, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 1* Member bank reserves increased $11 million# The principal changes supplying reserves were an increase of |219 million in Reserve Bank credit* and decreases of $52 million in Foreign deposits with Federal Reserve Banks and $1(5 million in Other F» R* accounts (net)# The principal offsetting changes were increases of $136 million in Money in circulation* $133 million in Treasury deposits with Federal Reserve Banks, and $36 million in Other deposits with Federal Reserve Banks• The increase of $219 million in Reserve Bank credit resulted from increases of -S330 million in Loans, discounts and advances and $2Li million in U* S. Government securities, and a decrease of $13^ million in Float* Holdings of U» S. Government securities reflected increases of $1,658 million in certificates and $21 million in bills, and a decrease of $1,655 million in notes* Change since Member Bank Reserves August 1, July 25, August 2, and Related Items 1951 1951 1950 (In millions of dollars) Reserve Bank credit: + 2k U. S. Govt, securities 23,081 +U,938 Loans, discounts and advances UlU +330 + 111 Float 788 -13U + U72 Total 2^,282 +219 +5,520 Gold stock 21,759 -2,377 5b Treasury currency outstanding . i+,663 + 5 + Money in circulation 27,8^2 +136 + 81*2 h Treasury cash holdings 1,308 + 3 + Treasury deposits with F. R. Banks 557 +133 7 Foreign deposits with F. R. Banks 833 - 52 - 38I Other deposits with F. R. Banks 3hl + 36 + 69 Other F. R. accounts (net) 722 - 45 - 35 Member bank reserves 19,099 + 11 +2,704 Required reserves (estimated) 18,396 - 3h +2,814-3 Excess reserves (estimated) 703 + 1+5 - 139 Daily average excess reserves (estimated) 6lU -196 9 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since August 1, July 25, August 2, • 1951 1951 1950 A S S E TS Gold certificates 19,843,403 2,000 -2,$20,028 Redemption fund for F. R. notes 660,639 + 1,793 + 138,327 Total gold certificate reserves 20,504,042 - 207 -2,381,701 Other cash 342,627 + 5,701 + 81,887 Discounts and advances 407,971 + 329,889 + 107,343 Industrial loans 5,893 + 74 + 3,498 U. S. Government securities: Bills 568,592 + 20,320 -3,644,655 Certificates 4,851,675 +1 ,657,883 +1,969,125 Notes 11,838,465 -1,654,783 +5,651,065 Bonds 5,822,102 + 962,202 Total U. S. Government securities 23,080,834 + 23,420 +4,937,737 Total loans and securities 23,494,698 + 353,383 +5,048,578 Due from foreign banks 38 mmwmm. + 14 F. R. notes of other banks 154,839 - 10,819 + 24,302 Uncollected cash items 3,193,873 - 55,777 + 360,377 Bank premises 41,973 - 128 + 6,389 Other assests 163,361 - 14,865 + 70,000 TOTAL ASSETS 47,895,451 + 277,288 +3,209,846 L I A B I L I T I ES Federal Reserve notes 23,729,887 + 128,069 + 893,708 Deposits: Member bank—reserve accounts 19,098,847 + 11,279 +2,704,043 U. S. Treasurer—general account 557,467 + 133,935 6,370 Foreign 828,469 51,138 - 380,233 Other 347,447 + 36,709 + 69,001 Total deposits 20,832,230 + 130,785 +2,386,441 Deferred availability cash items 2,406,191 + 78,258 - 111,467 Other liabilities and accrued dividends 13,682 - 3,601 + 4,107 TOTAL LIABILITIES 46,981,990 + 333,511 +3,172,789 C A P I T AL A C C O U N TS Capital paid in 232,566 + 25 + 12,387 Surplus (Section 7) 510,022 •m mm mm + 21,849 Surplus (Section 13b) 27,543 — — — Other capital accounts 143,330 56,248 + 2,821 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,095,451 + 277,288 +3,209,846 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.0$ - .3# 9.4# Contingent liability on acceptances purchased for foreign correspondents 25,146 - 2,583 + 17,395 Industrial loan commitments 3,813 + 103 + 2,089 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 1, 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 390,415 . 340 304,325 l6 to 90 days 17,484 1,019 4,509,717 91 days to 1 year 72 3,913 9,246,142 Over 1 year to 5 years 621 4,878,166 Over 5 years to 10 years 1,031,904 Over 10 years 3,110,580 Total #7,971 5,893 23,080,834 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 AUGUST 1, 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 19,843,403 666,880 6,350,491 1155,146 1488,546 830,291 851,931 4228,621 495,24? 329,200 719,328 440,315 2287,407 Redemption fund for F. R« notes 660,639 60,327 57,055 55.649 75,435 62.665 48,361 111.422 46.291 23.878 35,942 28.377 55.237 Total gold certificate reserves 20,504,042 727,207 6,407,546 1210,795 1563,981 892,956 900,292 4340,043 541,538 353,078 755,270 468,692 2342,644 Other cash 342,627 35,786 64,833 19,257 25,107 16,333 25,466 66,809 16,057 8,283 11,884 14,182 38,630 Discounts and advances 407,971 9,446 200,278 5,235 23,175 7,260 2,582 34,455 18,765 12,975 6,834 1,189 85,777 Industrial loans 5,893 — 23 3,935 429 278 311 — — 148 — 48 721 U. S. Govt, securities: Bills 568,592 — 221,759 30,138 44,743 31,849 25,846 88,381 21,122 14,909 22,553 20,222 47,070 Certificates 4,851,675 333,034 1,092,478 305,072 452,905 322,396 261,624 729,129 264,340 153,923 228,290 232,014 476,470 Notes 11,838,465 813,150 2,659,857 744,876 1105,832 787,176 638,792 1780,276 645,421 375,823 557,402 566,494 1163,366 Bonds 5,822,102 399,903 1,308,110 366,327 543,842 387.129 314,155 875,527 317,415 184,829 274.128 278.599 572.138 Total U. S. Government securities 23,080,834 1546,087 5,282,204 1446,413 2147,322 1528,550 1240,417 3473,313 1248,298 729,484 1082,373 1097,329 2259,044 Total loans and securities 23,494,698 1555,533 5,482,505 1455,583 2170,926 1536,088 1243,310 3507,768 1267,063 7^2,607 1089,207 1098,566 2345,542 Due from foreign banks 38 2 1/ 12 3 4 2 2 5 1 1 1 1 4 F.R.notes of other banks 154,839 8,029 19,798 8,419 6,892 27,634 14,109 16,913 8,208 9,441 7,581 9,721 18,094 Uncollected cash items 3,193,873 273,593 634,175 193,399 294,39% 243,815 199,694 510,466 137,173 92,268 179,971 138,210 296,715 Bank premises 41,973 l,04l 7,556 2,882 4,704 3,450 2,4o8 6,101 3,371 1,096 2,511 . 659 6,194 Other assets 163,361 11.804 35.472 10.151 15.765 10.867 9.010 24.469 8.662 5.084 7.912 7.670 i6'.47S TOTAL ASSETS 47,895,451 2612,995 12,651,897 2900,489 4081,773 2731,145 2394,291 8472,574 1982,073 1211,858 2054,357 1737,701 5064,298 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 AUGUST 1, 1951 (in thousands of dollars) L I A B I L IT I BS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran, Federal Reserve notes 23,729,887 1454,729 5,308,829 1674,701 2149,461 1603,154 1291,486 4606,913 1086,092 604,785 925,543 648,073 2376,121 Deposits: Member bank-reserve accts. 19#098,847 798,336 6,082,563 897,383 1487,146 793,773 816,515 3106,833 676,410 444,450 893,505 877,694 222'+,239 U. S. Treasurer-general acct. 557,46? 29.664 61,827 27,794 49,556 46,919 45,014 119,703 37,172 41,224 36,832 22,477 39,285 Foreign 828,469 51.665 1/250,979 65,831 77,497 41,665 34,999 114,995 30,832 20,833 30,832 30,832 77,509 Other Total deposits 20,832,230 885,048 6,665,995 993,389 1618,333 885,932 898,636 3348,330 751,491 508,692 964,124 932,030 2380,230 Deferred avail, cash items 2,406,191 213,846 407,199 160,736 228,005 192,963 162,646 389,215 107,156 73,044 127,989 121,267 222,125 Other liabilities and accrued dividends 13,682 1,722 3,369 648 1,532 623 579 1,995 59 6 449 539 506 1,124 TOTAL LIABILITIES 46,981,990 2555,34512,385,392 2829,474 3997,331 2682,672 2353,347 8346,4531945,3351186,970 2018,195 1701,876 4979,600 Capital paid in 232,566 12,336 74,873 16,562 22,209 10,186 9,524 29,688 7,960 5,273 8,743 10,515 24,697 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 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l40 Other capital accounts 143,330 10,057 31,023 10,254 13,213 9,771 8.289 1Q.6S9 7,962 5,374 7,235 7,151 13,342 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,895,451 2612,995 12,651,897 2900,489 4081,773 2731,145 2394,291 8472,574 1982,073 1211,858 2054,357 1737,701 5064,298 Contingent liability on acceptances purchased for foreign correspondents 25,146 1,561 2/7,702 1,989 2,341 1,259 1,057 3,474 931 629 931 931 2,341 Industrial loan commitments 3,813 1,168 989 48 447 465 696 FEDERAL RESERVE AGENTS* ACCOUNTS F,R. notes outstanding 24,697,257 1511,398 5,569,179 1760,955 2267,899 1666,738 1336,979 4686,415 1125,003 620,012 955,301 689,437 2507,941 Collateral for F.R. notes: Gold certificates 12,184,000 350,000 4,470,000 700,000 775,000 480,000 510,000 2560,000 250,000 150,000 280,000 159,000 1500,000 Eligible paper 338,315 9,446 200,278 5,235 — 6,860 18,765 12,975 6,779 77,977 U.S. Govt, securities 13,225,000 1200.000 1,200,000 1100,000 1500,000 1215,000 900,000 2200,000 975,000 490,000 700,000 545,000 1200,000 Total collateral 25,747,315 1559,446 5,870,278 1805,235 2275,000 1701,860 1410,000 4760,000 1243,765 652,975 906,779 704,000 2777,977 l/ After deducting $577,477,000 participations of other Federal Reserve Banks. 2/ After deducting $17,444,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis