H.4.1 Factors Affecting Reserve Balances of Depository Institutions

/ BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) October 11, 1951 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 10, Member bank reserves decreased $65 million. The principal changes reducing reserves were increases of $128 million in Money in circulation and $42 million in Foreign deposits with Federal Reserve Banks, and a decrease of $5 million in Reserve Bank credit. The principal offsetting changes were a decrease of $62 million in Treasury deposits with Federal Reserve Banks, and an increase of $40 million in Gold stock. The $5 million decrease in Reserve Bank credit resulted from a decrease of $47 million in Float, and increases of $33 million in U, S. Government securities and $10 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected an increase of $126 million in notes, and decreases of $92 million in bills and $1 million in certificates. Change since Member Bank Reserves Oct. 10, Oct. 3, Oct. 11 and Related Items 1951 1951 1950 (In millions of dollars) Reserve Bank credit: U. S. Government securities 24,072 + 33 +4 ,565 Loans, discounts and advances 84 + 10 + 14 Float 870 - 47 + 402 Total 25,025 - 5 ,981 Gold stock 22,055 + 4o -1., 377 Treasury currency outstanding 4,680 + 62 Money in circulation 28,448 +128 +1;, 109 Treasury cash holdings 1,286 + 2 30 Treasury deposits with F. R. Banks 335 - 62 - 173 Foreign deposits with F. R. Banks 767 + 42 - 278 Other deposits with F. R. Banks 235 - 6 - 52 Other F. R. accounts (net) 750 - 3 - 60 Member bank reserves 19,939 - 65 +3,1 50 Required reserves (estimated) 18,831 + 2 +3,0 02 Excess reserves (estimated) 1,108 - 67 + 148 Daily average excess reserves (estimated) 1,151 +381 + 390 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.i(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since October 10, October 3; October 11 1951 11995511 195C A S S E TS Gold certificates 20,148,681 39,001 -1,538,748 Redemption fund for F. R. notes 669,743 - 1,164 + 145.605 Total gold certificate reserves 20,81§,iA + 3^,857 -1,393,143 Other cash 292,247 - 17,800 + 94,173 + 11,666 Discounts and advances 79,091 * 10,369 Industrial loans 4,950 - 238 + 2,715 U. S. Government securities: Bills 800,030 - 92,042 - 547,279 Certificates 5,110,498 W 1,027 +5,037,548 Notes 12,335,883 + 125,818 -1,828,135 Bonds 5.825.227 +1.902.752 Total U. S. Government securities 24.071.638 + 32.749 +4.564.886 Total loans and securities 24,155,679 + 42,880 +4,579,267 Due from foreign banks 38 + 14 F. R. notes of other banks 144,009 - 11,152 + 16,675 Uncollected cash items 3,323,467 95,200 + 299,949 Bank premises 42,724 + 223 + 6,230 Other assets 196.452 -f 9,523 + 118.576 TOTAL ASSETS 48,973,040 - 34,689 +3,721,741 L I A B I L I T I ES Federal Reserve notes 2244,,225533,,661133 + 97,668 +1,111,5114 Deposits: Member bank—reserve accounts 19,938,978 - 64,684 +3,149,750 U. S. Treasurer—general account 334,505 62,674 - 173,287 Foreign 767,448 + 42,310 - 277,745 Other 235.179 - 6.010 - 52.090 Total deposits 21,276,110 - 91,058 +2,646,628 Deferred availability cash items 2,453,836 - 48,094 - 102,1714 Other liabilities and accrued dividends 17.178 + 708 + 7.907 TOTAL LIABILITIES 48,000,737 - 40,776 +3,663,875 C A P I T AL A C C O U N TS Capital paid in 233,640 + 112 + 12,756 Surplus (Section 7) 510,022 mm—m* + 21,849 Surplus (Section 13b) 27,543 Other capital accounts 201,098 + 5,975 + 23.261 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,973,040 - 34,689 +3,721,741 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 45.776 7.5% Contingent liability on acceptances purchased for foreign correspondents 22,145 + 1,125 2,224 Industrial loan commitments 6,858 — 13 + 5,354 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 10, 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Governmenadvances loans securites Within 15 days 69,395 hXJ 4,701,455 16 to 90 days 9,698 81*3 3,866,385 91 days to 1 year 2,520 6,480,023 Over 1 year to 5 years 1,170 4,896,14.56 Over 5 years to 10 years 1,013,614 Over 10 years 3,113,705 Total 79,091 U,950 224., 071,63b Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 10, 1951 H.4.1(b) (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 20,148,681 639,962 6,735, iM- 1095,734 1447,829 918,972 843,633 4048,623 514,634 285,494 706,558 475,721 2436,377 Redemption fund for F. R. notes 669.743 58,972 62,397 54,351 74,900 64,852 47,130 109,594 45,710 24,l8l 35,539 28,026 64,091 Total gold certificate reserves 20,818,424 698,934 6,797,541 1150,085 1522,729 983,824 890,763 4158,217 560,344 309,675 742,097 503,747 2500,468 Other cash 292,247 20,810 63,013 16,526 20,996 16,461 20,169 57,663 12,809 7,309 11,560 15,255 29,676 Discounts and advances 79,091 3,595 8,025 4,610 965 2,400 1,290 46,950 3,520 875 6,861 — — — Industrial loans 4,950 23 3,837 231 104 380 - - - --- 141 - — - 81 153 U. S. Govt, securities: Bills 800,030 3,730 230,678 50,337 74,731 53,196 43,169 135,700 40,947 12,971 37,669 38,283 78,619 Certificates 5,110,498 362,738 1,142,774 321,552 477,372 339,812 275,757 762,256 278,619 162,238 240,623 244,548 502,209 Notes 12,335,883 875,588 2,758,464 776,175 1152,295 820,250 665,633 1839,959 672,540 391,614 580,822 590,296 1212,247 Bonds 5,825,227 413,469 1,302,596 366,523 544,134 387,337 314,323 868,862 317,586 184,928 274,275 278,749 572,445 Total U. S. Government securities 24,071,638 1655,525 5,434,512 1514,587 2248,532 1600,595 1298,882 3606,777 1309,692 751,751 1133,389 1151,876 2365,520 Total loans and securities 24,155,679 1659,120 5,442,560 1523,034 2249,728 1603,099 1300,552 3653,727 1313,212 752,767 1140,250 1151,957 2365,673 Due from foreign banks 38 2 1/ 12 3 4 2 2 5 1 1 1 1 4 F.R.notes of other banks 144,009 5,170 21,388 5,678 6,425 25,745 9,881 15,262 7,871 10,349 7,608 9,014 19,618 Uncollected cash items 3,323,467 260,784 572,827 203,819 276,256 297,915 216,510 590,028 153,399 110,866 196,102 148,304 296,657 Bank premises 42,724 1,031 7,668 2,870 4,688 3,825 2,643 6,205 3,328 1,091 2,480 653 6,242 Other assets 196,452 14,770 43,804 12,224 18,667 13,084 10,711 28,801 10,403 6,042 9,419 9,162 19,365 TOTAL ASSETS 48,973,040 2660,621 12,948,813 2914,239 4099,493 2943,955 2451,231 8509,908 2061,367 1198,100 2109,517 1838,093 5237,703 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 OCTOBER 10, 1951 (In thousands of dollars) L I A B I L I T I ES Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,253,613 1465,808 5,353,464 1699,654 2192,994 1732,028 1331,388 4649,514 618,007 946,432 675 ,8162 475,427 Deposits: Member bank-reserve accts. 19,938,978 842,833 6,478,562 901,098 1501,283 859,923 842,337 3183,589 427,620 920,298 945,779 2327,112 U.S.Treasurer-general acct 334,505 21,031 77,209 23,165 18,700 15. ,113 25,313 26,758 40,130 17,294 26,774 20,049 22,969 Foreign 767,448 46,233 1/250,663 58,910 69,350 37,285 31,319 102,907 27,591 18,643 27,591 27,591 69,365 Other 235,179 3,920 162,026 1,079 5,705 8,844 1,615 1,782 8,85% 1,801 523 851 38,181 Total deposits 21,276,110 914,017 6,968,460 984,252 1595,038 921,165 900,581; 3315,036 785,117 465,358 975,186 994,270 2457,627 Deferred avail, cash items 2,453,836 217,857 342,572 154,662 219,745 237,598 174,437 408,320 122,364 86,930 148,280 128,749 212,322 Other liabilities and accrued dividends 17,178 1,285 4,702 901 1,791 834 763 2,255 722 1,104 612 650 1,559 TOTAL LIABILITIES 48,000,737 2598,967 12,669,198 2839,509 4009,568 2891,625 2407,172 8375,125 2021,244 1171,399 2070,510 1799,485 5146,935 Capital paid in 233,640 12,342 74,901 16,681 22,371 10,282 9,607 29,776 8,193 5,302 8,807 10,542 24,836 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,oii 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 201,098 14,055 44,105 13,850 18,534 13,532 11,321 28,233 11,114 7,158 10,016 9*907 19,273 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,973,040 2660,621 12,948,813 2914,239 4099,493 2943,955 2451,231 8509,908 2061,367 1198,100 2109,517 1838,093 5237,703 Contingent liability on acceptances purchased for foreign correspondents 22,145 1,373 2/6,799 1,749 2,060 1,107 930 3,056 819 554 819 819 2,060 Industrial loan commitments 6,858 1,599 1,186 48 2,515 845 665 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,064,755 1506,904 5,574,836 1756,389 2281,866 1772,208 1373,169 4731,543 1153,284 627,611 973,035 714,357 2599,553 Collateral for F.R. notes: Gold certificates 12,349,000 350,000 4,470,000 700,000 8158,01050,000 553355,,000000 551100,,000000 22559900,,000000 260,000 150,000 280,000 189,000 1500,000 Eligible paper 28,536 3,595 6,675 4,610 — 2,400 — — 3,520 875 6,861 13,285,000 1200,000 1,200,000 1100,000 1500,000 1275,000 900,000 2200,000 975,000 490,000 700,000 545,000 1200,000 U. S. Govt, securities Total collateral 25,662,536 1553,595 5,676,675 1804,610 2315,000 1012,400 1410,000 4790,000 1230,520 640,075 906,801 734*000 2700,000 l/ After deducting $516,770,000 participations of other Federal Reserve Banks* 7j After deducting $15,346,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis