H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.l+.l (For Immediate Release) November 8, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended November 7, Member bank reserves increased $110 million. The principal changes supplying reserves were increases of $168 million in Reserve Bank credit and $50 million in Gold stock, and a decrease of $1+1 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $124 million in Money in circulation, $13 million in Other deposits with Federal Reserve Banks, and $12 million in Foreign deposits with Federal Reserve Banks. The increase of $168 million in Reserve Bank credit resulted from increases of $155 million in Float and $58 million in Loans, discounts and advances, and a decrease of $45 million in U. S. Government securities. Holdings of U. S. Government securities reflected decreases of $4l million in bills and $4 million in certificates. Change since Member Bank Reserves November 7, October 31, November 8, and Related Items 1951 1951 1950 (In millions of dollars) Reserve Bank credit; U. S. Government securities 23,507 - 45 +4,196 Loans, discounts and advances 248 + 58 45 Float 84o +155 + 591 Total 24,595 +168 +4,742 Gold stock 22,284 + 50 - 914 Treasury currency outstanding 4,686 + 64 —— Money in circulation 28,534 +124 +1,146 Treasury cash holdings 1,291 + 3 1 Treasury deposits with F. R. Banks 452 - 41 + 154 Foreign deposits with F. R. Banks 568 + 12 - 460 Other deposits with F. R, Banks 275 + 13 - 21 Other F. R. accounts (net) 778 - 2 + 30 Member bank reserves 19,667 +110 +3,042 Required reserves (estimated) 18,909 - 83 +3,003 Excess reserves (estimated) 758 +193 + 39 Daily average excess reserves (estimated) 784 +149 + 66 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) Changei since November 7, October 31; November 8, 1951 1951 1950 A S S E TS Gold certificates 20,381,180 + 45,499 - 1,079,251 Redemption fund for F. R. notes 669,617 + 1,361 + 135,648 Total gold certificate reserves 21,050,797 + 46,860 - 943,603 Other cash 307,196 - 6,481 + 93,865 Discounts and advances 243,284 + 57,709 - 47,391 Industrial loans 4,497 + 105 + 2,249' U. S. Government securities: Bills 268,945 41,500 - 510,901 Certificates 12,844,308 4,000 +12,772,358 - Notes 5,068,073 9,119,645 • - Bonds 5,325,227 - -- + 1,053,652 Total U. S. Government securities 23,506,553 45,500 + 4,195,464 - Total loans and securities 23,754,334 + 12,314 + 4,150,322 Due from foreign banks 33 + 9 F. R. notes of other banks 157,236 6,971 + 31,725 * Uncollected cash items 3,353,294 1,578 + 561,683 • Bank premises 42,886 - 13 + 6,059 Other assets 127,095 + 8,519 + 21,773 TOTAL ASSETS 48,792,871 + 52,650 + 3,921,833 L I A B I L I T I ES Federal Reserve notes 24,370,110 + 109,504 + 1,177,503 Deposits: Member bank--reserve accounts 19,666,662 + 109,671 + 3,042,131 U. S, Treasurer—general account 452,453 - 40,259 + 154,509 Foreign 567,770 + 11,493 - 460,486 Other 274,610 + 12,257 : 21,560 Total deposits 20,961,495 % 93,162 + 2,714,594 Deferred availability cash items 2,513,062 - 156,481 29,222 Other liabilities and accrued dividends 16,321 + 255 + 6,862 TOTAL LIABILITIES 47,860,988 + 46,440 + 3,869,737 C A P I T AL A C C O U N TS Capital paid in 234,711 279 + 13,205 Surplus (Section 7) 510,022 + 21,849 Surplus (Section 13b) 27,543 Other capital accounts 159,607 + 6,489 + 17,042 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,792,871 + 52,650 + 3,921,833 Ratio of gold certificate reserves to deposit and F. R. note liabilties combined 46,4% 6.7%; Contingent liability on acceptances purchased for foreign correspondents 14,483 2,222 9,263 Industrial loan commitments 6,857 295 3,522 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 7, 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 194,929 517 90,975 16 to 90 days 47,852 1,045 177,970 91 days to 1 year 503 1,727 14,213,833 Over 1 year to 5 years 1,208 5,396,456 Over 5 years to 10 years 1,013,614 Over 10 years 2.613,705 Total 243,284 47497 23,506,553 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 NOVEMBER 7, 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. RedemptioiffSdSfor 20'38l>l8° 636A30 6,707,481 1172,306 1497,764 961,394 896,798 4038,348 531,666 332,063 701,083 520,616 2385,531 F. R. notes 669.617 58.570 60.Q61 51.715 74.4in 66 in? liA vflk inA 76? ),< c-7r> oi, Coo c? ->c\> ass s^ . ^' f Total gold certificate reserves 21,050,797 694,700 6,768,444 1226,041 1572,194 1027,496 943,582 4147,111 578,236 356,686 738,447 548,482 2449,378 Other cash 307,196 22,004 66,794 17,103 21,532 18,109 22,502 56,463 15,922 6,838 11,017 17,211 31,701 Discounts and advances 243,284 6,565 40,220 6,535 6,680 6,500 5,914 49,305 5,010 3,675 19,680 4,000 89,200 Industrial loans 4,497 23 3,651 102 488 138 48 47 U. S. Govt, securities: Bills 268,945 78,132 16,922 25,122 17,883 14,512 41,211 14,663 8,538 12,663 12,870 26,429 Certificates 12,844,308 911,658 2,872,173 808,164 1199,786 854,057 693,066 1915,794 700,259 407,755 604,761 614,625 1262,210 Notes 5,068,073 359,722 1,133,292 318,883 473,409 336,991 273,468 755,928 276,306 160,891 238,625 242,518 498,040 Bonds 5,325,227 377,974 1,190,7#, ,335,063 497,430 354,090 287,344 794,284 290,326 169,05? 250,733 254,823 523,310 Total U. S. Government securities 23,506,553 1649,35% 5,274,392 1479,032 2195,747 1563,021 1268,390 3507,217 1281,554 746,239 1106,782 1124,836 2309,989 Total loans and —— ——-—— securities 23,75^,334 1655,919 5,314,635 1489,218 2202,427 1569,623 1274,792 3556,522 1286,564 750,052 1126,462 1128,884 2399,236 Due from foreign banks 33 2 1/ 10 3 3 2 1 5 1 \ o x 1 3 5 3 j r s r ' 1 :1 41 1E 41 41 41 41 4S 41 4S 4§ ?1 Other assets 1 2 7^ 9,848 27,599 7,904 12,509 8,319 7,013 18.692 6.568 3,902 6,045 5,914 12^82 TOTAL ASSETS 48,792,871 2654,959 12,760,917 2953,781 4111,952 2929,105 2485,935 8395,097 2065,220 1241,625 2087,740 1852,700 5253,840 1/ After deducting $23,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.b.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 7, 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 24,370,110 1463,183 5,369,305 1706,160 2200,871 1763,349 1343,764 4655,475 1132,726 624,881 953,469 684,175 2472,752 Deposits• Member bank-reserve accts. 19,666,662 847,951 6,194,292 911,608 1517,834 831,824 864,600 3112,286 724,846 455,568 910,487 970,921 2324 M5 U.S.Treasurer-general acct. 452 ,453 40,283 107,633 31,474 28,281 16,398 30,703 49,039 32,103 34,386 32,889 21,407 27,857 Foreign 567,770 33,809 1/189,861 43,079 50,713 27,265 22,903 75,251 20,176 13,633 20,176 20,176 50,728 Other 274,610 3,801 200,395 3,268 5,009 4,723 3,727 1,556 10,885 1,941 800 603 37,902 Total deposits 20,961,495 925,844 6,692,181 989,429 1601,837 880,210 921,933 3238,132 788,010 505,528 964,352 1013,107 2440,932 Deferred avail.cash items 2,513,062 205,232 425,072 185,132 221,091 235,028 177,625 370,484 105,849 85,140 132,208 118,022 252,179 Other liabilities and accrued dividends 16,321 1,268 4,198 923 1,942 894 728 2,265 767 673 640 613 1 ,4LO TOTAL LIABILITIES 47,860,988 2595,527 12,490,756 2881,61+4 4025,741 2879,481 21444,050 8266,356 2027,352 1216,222 2050,669 1815,917 5167,273 Capital paid in 234,711 12,951 75,065 16,684 22,367 10,309 9,645 29,810 8,273 5,303 8,811 10,641 24,852 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 1+4.519 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 159,607 11,224 34,487 11,254 14,824 10,799 9,109 22,157 8,779 5,859 8,076 7,983 15,056 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 48,792,871 2654,959 12,760,917 2953,781 4lll,952 2929,105 21+85,935 8395,097 2065*220 1241,625 2087,740 1852,700 5253,840 Contingent liability on acceptances purchased for foreign correspondents 12+ ,Ij.83 899 2 A ,448 1,144 1,346 724 608 1,998 536 362 536 536 1,346 Industrial loan commitments 6,857 1,606 1,407 66 2,488 840 450 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,192,637 1504,207 5,581,843 1759,197 2287,621 1810,297 1402,846 4743,311 1177,019 633,968 981,012 721,245 2590,071 Collateral for F.R. notes: Gold certificates 12,474,000 350,000 4,470,000 700,000 815,000 550,000 510,000 2590,000 260,000 150,000 280,000 199,000 1600,000 Eligible paper 173,435 6,565 36,720 6,535 6,200 — 5,010 3,525 19,680 89,200 U. S. Govt, securities 13,385,000 1200,000 1,200,000 1100,000 1500,000 1275,000 950,000 2200,000 975,000 490^000 750*000 545,000 1200*000 Total collateral 26,032,1+35 1556,565 5,706,720 1806,535 2315,000 1831,200 12+60,000 1+790,000 122+6,010 643,525 101+9,680 7#JOOO 2889^200 l/ After deducting $377,893,000 participations of other Federal Reserve Banks. 2/ After deducting $10,035,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis