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 16, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 15, Member bank reserves decreased $43 million. The principal changes reducing reserves were increases of $292 million in Treasury deposits with Federal Reserve Banks, $101 million in Other deposits with Federal Reserve Banks, and $21 million in Money in circulation, The principal offsetting changes were increases of $31*+ million in Reserve Bank credit and $4l million in Gold stock, and a decrease of $10 million in Treasury cash holdings. The increase of $314 million in Reserve Bank credit resulted from increases of $239 million in Float, $42 million in Loans, discounts and advances, and $33 million in U. S. Government securities. Holdings of U. S. Government securities reflected an increase of $39 million in bills, and a decrease of $6 million in certificates. Change since Member Bank Reserves August 15, August 8, August 16, and Related Items 1951 1951 1950 (In millions of dollars) Reserve Bank credit: U. S. Govt, securities 23,151 + 33 +4,817 Loans, discounts and advances 248 + 42 + l4o Float 961 +239 + 514 Total 24,36O +314 +5,471 Gold stock 21,800 + 41 -2,154 Treasury currency outstanding 4,666 + 1 + 58 Money in circulation 27,925 + 21 + 949 Treasury cash holdings 1,288 - 10 21 Treasury deposits with F. R. Banks 495 +292 - 222 Foreign deposits with F. R. Banks 867 - 4 - 238 Other deposits with F. R. Banks 246 +101 41 Other F. R. accounts (net) 719 - 1 40 Member bank reserves 19,285 - 43 +2,987 Required reserves (estimated) 18,414 + 7 +2,801 Excess reserves (estimated) 871 - 50 + 186 Daily average excess reserves (estimated) 810 + 112 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since August 15, August 0, August lb, 1951 1951 1950 A S S E TS Gold certificates 19,901,103 + 50,002 -2,289,026 Redemption fund for F. R. notes 665,890 * 2,650 + 146,470 Total gold certificate reserves 20,567,293 +1*7,35* -2,142,556 Other cash 332,379 + 3,463 + 76,436 Discounts and advances 212,000 + 41,645 + 136,352 Industrial loans 5,850 25 + 3,599 U.S. Government securities: Bills 638,192 + 38,700 -3,632,975 Certificates i,852»l?5 - 6,100 +1,818,625 Notes 11,838,465 +5,500,465 Bonds 5,822,102 +1,131,202 Total U.S. Government securities 23,150,93k + 32,600 +4,817,317 Total loans and securities 23,398,78k + 74,220 +4,957,268 Due from foreign banks + 14 F* R, notes of other banks :+ 16 ,687 Uncollected cash items 3 ,m +78^*^3 Bank premises + 63 Other assets 179*050 + 7,450 + 77,590 TOTAL ASSETS 40,464,759 +921,694 +3,265,097 L I A B I L I T I ES Federal Reserve notes 23,795,096 + 20,950 + 975,138 Deposits: Member bank—reserve accounts 19,285,217 - 42,558 +2,987,327 U. S. Treasurer—general account 494,921 +291,471 - 222,310 Foreign 867,170 - 3,152 - 237,576 Other 215,531 +100,035 - 41,235 Total deposits 20,093,139 +345,796 +2,486,206 Deferred availability cash items 2,835,799 +548,499 - 240,031 Other liabilities and accrued dividends 15,738 + 976 + 4,667 TOTAL LIABILITIES 47,539,772 +916,221 +3,225,900 C A P I T AL A C C O U N TS Capital paid in — — — — — — —— 232,720 43 + 12,284 Surplus (Section 7) 510,022 + 21,849 Surplus (Section 13b) 27,543 Other capital accounts 154,702 + 5,430 + 5,784 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 40,464,759 +921,694 +3,265,097 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.0% - 3% - 9.1% Contingent liability on acceptances purchased for foreign correspondents 24,101 + 24 + 8,622 Industrial loan commitments 3,763 + 81 + 1,411 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 15, 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 229,203 399 371,137 16 to 90 days 12,757 1,026 7,541,047 91 days to 1 year 40 3,616 6,218,100 Over 1 year to 5 years 809 4,878,166 Over 5 years to 10 years 1,031,904 Over 10 years 3,110,580 Total 242,000 2 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 15, 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 19,901,403 628,289 6,383,513 1182,953 1479,133 825,010 815,346 4172,476 487,979 305,245 725,173 488,601 2407,685 Redemption fund for , • F. R. notes 665,890 60,001 65,890 55,083 75,018 62,034 48,050 110,929 46,152 23,822 35,836 28,277 54,798 Total gold certificate reserves 20,567,293 688,290 6,449,403 1238,036 1554,151 887,044 \g6§,396,42^3,405 534,131 329,067 761,009 516,878 2462,483 Other cash 332,379 31,934 69,051 16,531 24,348 15,618 24,152 64,668 15,380 7,878 11,410 14,436 36,973 Discounts and advances 242,000 11,646 97,393 7,615 1,650 13,020 11,115 10,255 8,900 10,325 6,358 346 63,377 Industrial loans 5,850 — 23 3,961 440 269 372 147 — 65 573 U. S. Govt, securities: Bills 638,192 20,424 237,675 33,366 49,534 35,260 28,614 90,291 23,737 16,835 24,969 25,376 52,111 Certificates 4,852,175 344,14? 1,087,805 305,072 452,905 322,396 261,624 723,189 264,340 153,923 228,290 232,014 476,470 Notes 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 3#.129 314,155 868,395 .317,415 184,829 274,128 278,599 572,138 Total U. S. Government securities" 23,150,934 1618,100 5,274,612 1449,641 2152,113 1531,961 1243,185 3447,642 1250,913 731,410 1084,789 1102,483 2264,085 Total loans and securities 23,398,784 1629,746 5,372,028 l46l,217 2154,203 1545,250 1254,672 3^57,897 1259,813 741,882 1091,14? 1102,894 2328,035 Due from foreign banks 38 2 l/ 12 3 4 2 2 5 1 1 .1 1 4 F.R.notes of other banks 148,101 8,200 25,611 8,036 5,665 25,549 11,780 14,387 7,373 10,140 9,459 7,662 17,239 Uncollected cash items 3,796,864 .319,496 715,441 221,417 350,919 305,681 250,1# .656,487-..164,488 117,180 194,056 175,048 326,484 Bank premises 42,250 l,04l 7,571 2,882 4,701 3,667 2,454 6,101 3,373 1,096 2,511 659 6,194 Other assets 179,050 13,238 39,019 11,089 17,084 11,945 9,862 26,512 9,523 5,588 8,690 8,503 17,997 TOTAL ASSETS 48,464,759 2691,947 12,675,136 2959,211 4111,075 2794,756 2416,485 8509,462 1994,082 1212,832 2078,283 1826,081 5195,409 l/ After deducting $26,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

tt k x STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 15, 1951 lfc (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. Bans.Cy. Dallas SanFran. Federal Reserve notes 23,795,096 1452,674 5,307,408 1678,458 2166,173 1610,165 1288,300 4620,957 1088,579 606,348 929,122 652,994 2393,918 Member bank-reserve accts. 19,285,217 822,4o8 6,077,344 910,270 1455,656 808,264 821,225 3123,152 682,669 ^37,466 906,741 932,044 2307,978 Lei rasurer~general accti m ' Mo 1 / ^ 0% ^ g Other 245.511 1.761 " 184.122 2.14? 4.125 1.102 2,903 2*133 7..54P 2k4 113 32^17 Total deposits 20,893,139 922,460 6,646,904 1027,897 1595,705 889,019 881,018 3280,280 739,271 486,421 964,000 993,230 2466,934 Deferred avail, cash items 2,835,799 256,283 447,324 180,432 262,247 245,696 205,007 478,337 128,240 94,021 :147,896 142,845 247,471 °accruedadiiidendsand 15.738 2.084 4,121 690 1J&5 632 623 Z ML 6ll 222 -552 £32 1*3^3 TOTAL LIABILITIES 47,539,772 2633,501 12,405,957 2887,477 4025,510 2745,519 2374,948 8381,641 1956,701 1187,582 2041,570 1789,700 5109,666 Capital paid in 232,720 12,337 74,889 16,573 22,274 10,193 9,525 29,702 7,967 5,277 8,745 10,522 24,716 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 2,140 Other capital accounts 154,702 10,852 33,681 10,962 14,271 10,528 8,881 21,345 8,598 5,732 7,784 7,700 14,368 TOTAL LIABILITIES AND .. . ... . - • -- 0 CAPITAL ACCOUNTS 48,464,759 2691,947 12,675,136 2959,211 4111,075 2794,756 2416,485 #509,462 1994,082 1212,832 2078,283 1826,001 5195,409 Contingent liability on acceptances purchased for foreign correspondents 24,101 1,488 2/ 7,471 1,896 2,232 1,200 1,008 3,311 888 600 888 888 2,231 Industrial loan commitments 3,763 -- — 1,142 977 48 — 445 — — — 686 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 24,763,305 1517,809 5,583,309 1764,555 2277,164 1669,890 1344,004 4698,400 1128,965 619,564 957,850 688,370 2513,425 C°Goi?cStificates* n0teS" 12,204,000 350,000 4,470,000 700,000 795,000 480,000 510,000 2560,000 250,000 150,000 280,000 159,00001^000 Eligible paper 213,484 11,646 94,293 7,615 — 11,420 — — 8,900 10,325-: 6,35.8 62,927 U. S. Govt, securities 11.225.000 IPOO.000 1.POO.000 1100.000 1500.000 1215,000 900,000 2200,000 975,000 490,000 7p0,p00v 545*000—12001 POO Total collateral 25,642,484 1561,646 5,764,293 1807,615 2295,000 1706,420 1410,000 4760,000 1233,900 650,325 986,358 704,000 2762,927 l/ After deducting $597,227,000 participations of other Federal Reserve Banks. 2/ After deducting $ 16,630,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis