H.4.1 Factors Affecting Reserve Balances of Depository Institutions

H.4.1. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) August 9> 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 8, Member bank reserves increased $229 million. The principal changes supplying reserves were decreases of $354 million in Treasury deposits with Federal Reserve Banks and $202 million in Other deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $236 million in Reserve Bank credit, and increases of $62 million in Money in circulation and $43 million in Foreign deposits with Federal Reserve Banks. The decrease of $236 million in Reserve Bank credit resulted from decreases of $208 million in Loans, discounts, and advances and $66 million in Float, and an increase of $37 million in U. S. Government securities. Holdings of U. S. Government securities reflected increases of $30 million in bills and $7 million in certificates. \ Change since Member Bank Reserves August 8, August 1, August 5 and Related Items 1951 1951 1950 (In millions of dollars) Reserve Bank credit: U. S. Govt, securities 23,118 + 37 +4,769 Loans, discounts and advances 206 -208 - 59 Float 722 - 66 + 432 Total 24,046 -236 +5,142 Gold stock 21,759 — — -2,276 Treasury currency outstanding 4,665 + 2 + 57 Money in circulation 27,904 + 62 + 889 Treasury cash holdings 1,298 - 10 - 11 Treasury deposits with F. R. Banks 203 -354 - 464 Foreign deposits with F. R. Banks 871 + 43 - 270 Other deposits with F. R. Banks 145 -202 - 145 Other F. R. accounts (net) 720 - 2 - 39 Member bank reserves 19,328 +229 +2,962 Required reserves (estimated) 18,407 + 11 +2,872 Excess reserves (estimated) 921 +218 + 90 Daily average excess reserves (estimated) 810 +196 + 89 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.4.l(a) CF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since August 8, August 1, August 9, 1951 1951 1950 A S S E TS Gold certificates 19,851,401 + 7,998 -2,412,030 Redemption fund for F. R, notes 668.540 + 7,901 + 166.284 Total gold certificate reserves 20,519,941 + 15,899 -2,265,746 328,916 - 13,711 + 73,805 Other cash -207,616 - 62,290 200,355 Discounts and advances 5,875 18 + 3,469 Industrial loans U. S» Government securities: 599,492 + 30,900 -3,687,555 Bills 4,858,275 + 6,600 +1,860,225 Certificates 11,838,465 +5,565,965 Notes 5.822.102 +1.030.902 Bonds Total U. S. Government securities 23.118.334 + 37.500 +4.769.537 Total loans and securities 23,324,564 -170,134 +4,710,716 + 1u 38 Due from foreign banks 147,008 - 7,831 + 9,466 F. R. notes of other banks 3,008,811 -185,062 + 299,463 Uncollected cash items 42,187 + 214 + 6,596 Bank premises 171,600 + 8.239 + 74.156 Other assets 47,543,065 -352,386 +2,908,470 TOTAL ASSETS L I A B I L I T I ES Federal Reserve notes 1 23,774,146 + 44,259 + 915,181 Deposits: Member bank—reserve accounts 19,327,775 +228,928 +2,961,656 U« S. Treasurer—general account 203,450 -354,017 - 463,955 870,622 + 42,153 - 270,231 Foreign 145.496 -201.951 - 144.924 Other Total deposits 20,547,343 -284,887 +2,082,546 2,287,300 -118,891 - 131,894 Deferred availability cash items Other liabilities and accrued dividends 14.762 + 1.080 + 4.192 46,623,551 -358,439 +2,870,025 TOTAL LIABILITIES C A P I T AL A C C O U N TS 232,677 111 + 12,303 Capital paid in 510,022 + 21,849 Surplus (Section 7) 27,543 Surplus (Section 13b) + 5.942 4,293 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 477543,065 -352,386 +2,908,470 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.3% T ej/o — 8«8$ Contingent liability on acceptances purchased 24,077 - 1,069 + 14,559 for foreign correspondents 3,682 131 + 1,968 Industrial loan commitments MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST 8. 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 183,113 586 313,525 16 to 90 days 17,151 1,817 7,566,059 6,218,100 91 days to 1 year 91 3,030 Over 1 year to 5 years 442 4,878,166 1,031,904 Over 5 years to 10 years ,iW0.58q Over 10 years Total 200,355 5,875 23,118,33-1 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 8, 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 19,851,401 618,246 6,470,989 1141,023 1485,930 829,349 830,648 4149,219 499,532 302,781 697,520 485,663 2340,501 Xicvivinp vi.01 11 una. i or F. R, notes 668,540 60,111 66.383 55.272 75.165 63.253 48.159 111.092 46.204 21.8^8 15.871 28.111 s4.8frl Total gold certificate reserves 20,519,941 678,357 6,537,372 1196,295 1561,095 892,602 878,807 4260,311 545,736 326,619 733,391 513,974 2395,382 Other cash 328,916 34,827 62,949 18,699 22,934 15,716 24,48? 65,165 15,421 8,207 11,507 13,214 35,790 Discounts and advances 200,355 9,921 86,653 2,205 3,000 16,290 1,432 24,955 2,150 1,125 10,919 1,028 40,677 Industrial loans 5,875 — 23 4,064 4l8 275 311 147 64 571 U. S. Govt, securities: ®i:L+® . 599,492 10,334 206,111 33,366 49,534 35,260 28,6l4 105,846 11,136 16,835 24,969 25,376 52,111 Certificates 344,14? 1,093,905 305,072 452,905 322,396 261,624 723,189 264,340 153,923 228,290 232,014 476 470 ?ot*s 11,838,465 840,282 2,647,234 744,876 1105,832 787,176 638,792 1765,767 645,421 375,823 557,402 566,494 1163,366 Bonds 5,822,102 413,247 1,301,898 366.327 543.842 387.129 314.155 868.395 317.415 184.829 274.128 278.5QQ 57P-Hfl Total U. S. Government securities 23,118,334 1608,010 5,249,148 1449,641 2152,113 1531,961 1243,185 3463,197 1238,312 731,410 1084,789 1102,483 2264,085 Total loans and securities 23,324,564 1617,931 5,335,824 1455,910 2155,531 1548,526 1244,928 3488,152 1240,462 732,682 1095,708 1103,575 2305,335 Due from foreign bank s38 2 1/ 12 3 4 2 2 5 1 1 1 1 4 F.R.notes of other banks 147,008 5,426 22,745 6,347 5,940 24,274 12,469 17,134 8,403 10,397 8,831 7,461 17,581 Uncollected cash items 3,008,811 251,450 549,573 177,180 258,699 238,621 197,342 525,132 142,870 91,684 176,777 132,909 266,574 Bank premises 42,187 l,04l 7,556 2,882 4,704 3,662 2,408 6,101 3,373 1,096 2,511 659 6,194 Other assets 171.600 12.896 37.330 10.621 16.446 ll i4l 0,477 »">?» Q.10Q 5.111 6,310 8,037 r TOTAL ASSETS 4?,543,065 2601,930 12,553,361 2867,937 4025,353 2734,744 2369,920 8387,438 1965,375 1176,019 2037,036 1779,830 5044,122 1/ 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 AUGUST 8, 1951 (In thousands of dollars) H.4.1(c) L Fe I de A ra B l I Re L se I rv T e I no E t S e s 23,77 T 4 o , t 1 a 4 l 6 B 1 o 4 s 5 t 4 o , n 8 31 5 N , e 2 w 9 9 Y , o 4 r 7 k 6 16 P 7 h 8 i , l 1 a 7 . 7 21 C 5 l 8 e , v 6 e 0 . 0 R 1 i 6 c 0 h 9 . , 2 A 7 t 4 l 1 a 2 n 9 t 2 a ,191 C 4 h 6 i 1 c 4 a , g 2 o 2 0 S t 1 . 0 L 8 o 6 u , i 6 s 0 1 • 6 0 , 7 , M 2 p 1 l 3 s . 9 K 3 a 1 n , s 0 . 5 C 2 y . 6 D 5 a 2 l , l 4 a 0 s 4 S 2 a 3 n 9 F 0 r , a 1 n 0 . 7 Deposits: Member bank-reserve accts. 19,327,775 811,640 6,179,190 899,131 1465,848 811,226 828,707 3138,817 681,348 429,55% 898,632 934,305 2249,377 U.S.Treasurer-general acct . 203,450 20,955 57,063 4,057 21,496 20,707 6,737 15,462 11,767 16,936 12,998 13,422 1,850 F O o t r h e e i r g n 8 1 7 4 0 5 , , 6 4 2 9 2 6 5 4, 0 4 , 0 7 1 2 8 1/3 8 0 0 3 , , 3 5 9 9 8 8 64 1 , , 6 83 3 9 8 76 3 , , 0 8 9 1 3 2 4 3 0 , , 9 9 6 1 0 0 3 2 4 , , 0 3 2 6 1 4 1 1 , 1 6 2 7 , 3 912 8 3 , 0 2 , 6 27 7 3 20 1 , , 4 9 5 1 5 9 3 1, 0 0 , 4 2 6 7 3 30, 7 2 5 7 9 3 3 7 5 6 , , 4 1 0 0 1 5 Def T e o r t r a e l d d a e v p a o i s l i , t s c ash items 2 2 0, , 5 2 4 8 7 7 , , 3 3 4 0 3 0 8 1 8 9 7 9 , , 7 9 2 0 4 3 6,6 3 2 6 0 1 , , 2 9 4 5 9 5 9 1 6 4 9 7 , , 6 9 6 6 5 1 1 2 5 1 6 2 7 , , 9 2 1 4 3 9 8 1 7 9 6 9 , ,0 8 9 0 3 3 8 1 7 6 1 4 , , 8 0 2 2 9 4 3 3 2 7 6 4 8 , , 8 8 8 6 3 4 1 7 0 3 9 1 , , 3 6 9 5 4 5 4 7 6 4 8 , , 3 8 3 6 5 4 1 9 2 4 6 2 , , 0 9 2 4 9 9 9 1 7 1 8 2 , , 7 0 5 2 9 3 2 2 3 0 6 4 2 , , 7 7 8 3 7 3 Ot a h c e c r r u l e i d a b d i i l v i i t d i e e n s d s a nd 14,762 1,317 3,805 761 1,559 706 629 2,498 615 537 511 544 1,280 2328,673 8260,465 1928,265 1150,9492000,541 1743,730 4958,907 46,623,551 2543,775 12,285,485 2796,564 3940,321 2685,876 TOTAL LIABILITIES 232,677 12,337 74,890 16,568 22,271 10,189 9,525 29,692 7,967 5,275 8,745 10,517 24,701 Capital paid in 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 7) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o Surplus (Section 13b) 149,272 10,561 32,377 10,606 13,741 10,163 8,591 20,507 8,327 5,554 7,566 7,424 13,855 Other capital accounts TOTAL LIABILITIES AND 47,543,96$ 2601,930 12,553,361 2867,937 4025,353 2734,744 2369,920 8387,438 1965,375 1176,0192337,036 1779,830 5044,122 CAPITAL ACCOUNTS Contingent liability on a fo c r c e f p o ta r n e c i e g s n p c u o r r c re h s a p s o e n d d ents 24,077 1,491 2/ 7,413 1,900 2,236 1,202 1,010 3,318 890 601 89O 890 2, 6 2 8 36 6 3,682 1,038 1,000 48 445 465 Industrial loan commitments FEDERAL RESERVE AGENTS' ACCOUNTS 5,575,831 1768,230 2279,843 1669,719 1342,056 4689,961 1132,255 619,699 960,457 687,981 2509,946 F.R. notes outstanding 24,745,791 1509,813 Collateral for F.R. notes: 159,000 1500,000 4 470,000 700,000 795,000 480,000 510,000 2560,000 250,000 150,000 280,000 Gold certificates * 12,204,000 350,000 85,203 2,205 — 15,390 — — 2,150 1,125 10,919 30,227 Eligible paper 157,140 9,921 1,200,000 1100,000 1500,000 1215,000 900,000 2200,000 975,ooo 490,000 700,000 545,000 1200,000 U.S. Govt, securities 13,225,000 1200,000 Total collateral 25,586,140 1559,921 5,755,203 1802,205 2295,000 1710,390 1410,000 4760,000 1227,150 641,125 990,919 704,000 2730,227 deducting $567,012,000 participations of other Federal Reserve Banks. l/ After deducting $16,664,000 participations of other Federal Reserve Banks. 2/ After Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis