H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U.I (For Immediate Release) August 30, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended August 29, Member bank reserves decreased $301 million. The principal changes reducing reserves were a decrease of $174 million in Reserve Bank credit, and increases of $123 million in Treasury deposits with Federal Reserve Banks and $102 million in Money in circulation. The principal offsetting changes were decreases of $56 million in Other deposits with Federal Reserve Banks and $4l million in Foreign deposits with Federal Reserve Banks. The decrease of $174 million in Reserve Bank credit resulted from decreases of $219 million in Float and $18 million in U. S. Government securities, and an increase of $63 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected a decrease of $18 million in bills. Change since Member Bank Reserves August 29, August 22, August 30, and Related Items 1951 1951 1950 (In millions of dollars) Reserve Bank credit: U. S. Government securities 23,066 - 18 +4,482 Loans, discounts and advances 283 +63 + 174 Float 652 -219 + 366 Total 24,001 -174 +5,022 Gold stock 21,800 — -1,952 Treasury currency outstanding 4,668 +1 + 57 Money in circulation 28,034 +102 + 992 Treasury cash holdings 1,291 - 1 17 Treasury deposits with F. R. Banks 557 +123 - 119 Foreign deposits with F. R. Banks 784 - 4l - 222 Other deposits with F. R. Banks 215 - 56 - 83 Other F. R. accounts (net) 717 - 1 - 11 Member bank reserves 18,871 -301 +2,586 Required reserves (estimated) 18,476 + 11 +2,709 Excess reserves (estimated) 395 -312 - 123 Daily average excess reserves (estimated) 571 -223 + 24 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (in thousands of dollars) Change since August 29, August 22, August 30, 1951 1951 1950 A S S E TS Gold certificates 19,896,179 - 3,223 -2,100,254 Redemption fund for F. R. notes 665,211 + 334 + 147,100 Total gold certificates reserves 20,561,390 - 2,889 -1,953,154 Other cash 329,705 + 1,115 + 80,281 Discounts and advances 277,878 + 63,616 + 171,158 Industrial loans 55,,660066 + 177 ++ 33,,336633 U. S. Government securities: Bills 556,592 - 17,900 -2,181,133 Certificates 4,848,575 + 72,339 Notes 11,838,465 - - - +7,319,515 Bonds 5,822,102 --- - 728,784 Total U. S. Government securities 23,065,734 - 17,900 +4,481,937 Total loans and securities 23,349,218 + 45,893 +4,656,458 Due from foreign banks 38 + 14 - — - F. R. notes of other banks 155,975 + 4,324 + 29,068 Uncollected cash items 3,018,285 -369,896 + 302,881 Bank premises 42,256 73 + 6,322 Other assets 193,206 + 6,570 + 53,369 TOTAL ASSETS 47,650,073 -314,956 +3,175,239 L I A B I L I T I ES Federal Reserve notes 23,903,318 +102,430 +1,025,583 Deposits: Member bank—reserve accounts 18,870,690 -301,066 +2,585,981 U. S. Treasurer--general account 556,942 +123,330 - 118,867 Foreign 784,441 - 40,185 - 221,904 Other 215,375 - 55,413 - 82,421 Total deposits 20,427,448 -2737335 +2,162,789 Deferred availability cash items 2,366,468 -150,222 - 62,510 Other liabilities and accrued dividends 15,718 + 450 + 5,965 TOTAL LIABILITIES 46,712,952 -320,676 +3,131,827 C A P I T AL A C C O U N TS Capital paid in 232,932 + 37 + 12,365 Surplus (Section 7) 510,022 - + 21,849 Surplus (Section 13b) 27,543 - - - - - - Other capital accounts 166,624 + 5,683 + 9,198 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,650,073 -314,956 +3,175,239 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.4# -- ..22%% 8.3# Contingent liability on acceptances purchased for foreign correspondents 23,272 853 + 7,777 Industrial loan commitments 4,042 + 266 + 1,550 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 29, 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 268,352 648 164,312 16 to 90 days 9,526 727 7,662,672 91 days to 1 year 3,418 6,218,100 - — Over 1 year to 5 years - «• 813 4,878,166 Over 5 years to 10 years 1,031,904 — — - - Over 10 years 3.110,580 — - - Total 277,878 5,606 23,065,734 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 29, 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 19,896,179 600,586 6,402,744 1153,357 1490,86? 837,014 855,813 4265,320 51%,3%7 300,035 696,797 510,110 2269,189 Redemption fund for F. R. notes 665.211 59.706 64.888 54.-547 75.831 6^.6q^ 47.770 no.%6i 46m? 9? 7nf, ss 7k:> oa iAi ci, c 1 r ^ WZ Total gold certificate reserves 20,561,390 660,292 6,%67,632 1207,90% 1566,698 900,707 903,583 %375,78l 560,364 323,811 732,5%0 538,291 2323,787 Other cash 329,705 27,352 69,197 17,577 2%,731 16,221 22,582 63,672 17,254 7,726 12,703 13,565 37,125 Discounts and advances 277,878 11,559 98,733 13,720 13,100 29,320 7,565 %0,%35 20,050 11,225 29,771 %58 1,9%2 Industrial loans 5,606 23 %,186 322 273 %27 — 1%7 6% 16% U. S. Govt, securities: Bills 556,592 H,5%3 168,672 33,366 %9,53% 35,260 28,6l4 90,291 20,021 16,835 2%,969 25,376 52,111 Certificates %,8%8,575 3%%,1%7 1,08%,205 305,072 %52,905 322,396 261,624 723,189 264,340 153,923 228,290 232,01% %76,%70 Notes 11,838,%65 8%0,282 2,6%7,23% 7%%,876 1105,832 787,176 638,792 1765,767 645,421 375,823 557,%02 566,%9% 1163,366 Bonds 5,822,102 %13,2%7 1,301,898 366,327 5%3,8%2 387,129 314,155 868,395 317,%15 18%,829 27%,128 278,599 572,138 Total U. S. Government securities 23,065,73% 1609,219 5,202,009 1449,64l 2152,113 1531,961 1243,185 3447,642 1247,197 731,410 1084,789 1102,483 2264,085 Total loans and " " •—— securities 23,3%9,2l8 1620,778 5,300,765 1%6?,5%7 2165,535 1561,55% 1251,177 3%88,0?7 1267,2%7 7%2,782 111%,560 1103,005 2266,191 Due from foreign banks 38 2 l/l2 3 % 2 2 5 1 1 l i4 F.R.notes of other banks 155,975 9,%93 21,58% 8,071 6,758 26,8%0 12,082 17,%89 7,633 12,0%8 9,206 6,%51 18,320 Uncollected cash items 3,018,285 2%1,88% 555,625 182,656 287,590 2%%,130 186,464 510,562 134,325 97,086 175,746 134,519 267,698 Bank premises 42,256 1,036 7,571 2,876 4,701 3,664 2,450 6,155 3,352 1,093 2,511 659 6!l88 Other assets 193,206 14,323 %2,3%8 11,868 18,386 13,016 10,666 28,5%5 10,35% 6,08% 9,277 9,151 19,19% TOTAL ASSETS %7,650,073 2575,160 12,%6%,73% 2898,502 %07%,%03 2766,13% 2389,000 8%90,286 2000,530 1190,631 2056,5%% 1805,6%2 %938,507 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.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 29, 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 23,903,318 1451,330 5,320,576 1684,256 2174,629 1649,106 1305,048 4622,841 1091,632 605,747 931,379 662,948 2403,826 Deposits: Member bank-reserve accts. 18,870,690 780,289 5,984,801 893,365 1455,204 791,175 804,455 3153,822 682,883 419,417 891,684 930,718 2082,877 U.S.Treasurer-general acct 556,942 33,061 83,954 30,028 5°>plT 34,734 41,857 84,764 46,701 41,130 36,017 27,824 46,855 Foreign 784,441 48,323 1/244,303 61,573 72,484 38,970 32,735 107,557 28,838 19,485 28,838 28,838 72 497 Other 215,375 3,033 158,358 2,449 ^,721 1,715 1,581 1,956 7,268 1,133 155 761 32.245 Total deposits 20,427,448 864,706 6,471,416 987,415 1582,426 866,594 880,628 3348,099 765,690 481,165 956,694 988,141 2234,474 Deferred avail, cash items 2,366,468 198,668 396,621 153,592 229,070 199,632 160,388 387,751 104,469 77,413 130,506 116,860 211,498 Other liabilities and accrued dividends 15,718 1,228 4,379 778 1,613 777 782 1,949 690 663 572 759 1,528 TOTAL LIABILITIES 46,712,952 2515,932 12,192,992 2826,041 3987,738 2716,109 2346,846 8360,640 1962,481 1164,988 2019,151 1768,708 4851,326 Capital paid in 232,932 12,341 74,892 16,590 22,297 10,198 9,535 29,713 7,984 5,278 8,749 10,524 24,831 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 166,624 11,630 36,241 11,672 15,348 11,311 9,488 23,159 9,249 6,124 8,46o 8,251 15,691 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,650,073 2575,160 12,464,734 2898,502 4074,403 2766,134 2389,000 8490,286 2000,530 1190,631 2056,544 1805,642 4938,507 Contingent liability on acceptances purchased for foreign correspondents 23,272 1,443 2/7,145 1,838 2,164 1,164 977 3,212 861 582 861 861 2,164 Industrial loan commitments 4,042 913 1,095 48 445 855 686 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 24,884,003 1518,569 5,570,473 1762,674 2292,189 1703,695 1359,432 4708,420 1135,023 617,824 964,348 702,129 2549,227 Collateral for F.R. notes: Gold certificates 12,249,000 350,000 4,470,000 700,000 7957,09050,000 551155,,000000 510,000 2560,000 250,000 150,000 280,000 169,000 1500,000 Eligible paper 204,270 11,559 96,083 13,720 — 20,370 20,050 11,225 29,771 1,492 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 1200,000 Total collateral 25)678,270 1561,559 5,766,083 1813/720 2295,000 1750,370 1410,000 4760,000 1245^050 651^225 1009^771 714^000 2701,492 l/ After deducting $540,124,000 participations of other Federa lReserve Banks. 2/ After deducting $16,127,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis