H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) November 23, 1951 CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items ^ During the week ended November 21, Member bank reserves decreased $7 million. The principal changes reducing reserves were increases of $119 million in Treasury deposits with Federal Reserve Banks and $100 million in Money in circulation. The principal offsetting changes were increases of $143 million in Reserve Bank credit and $50 million in Gold stock, and a decrease of $16 million in Foreign deposits with Federal Reserve Banks. The incred.se of $143 million in Reserve Bank credit resulted from an increase of $312 million in Float, and decreases of $122 million in U. S. Government securities and $47 million in Loans, discounts and advances. Holdings of U. S. Government securities reflected decreases of $67 million in certificates and $64 million in bills, and an increase of $9 million in bonds. Change since Member Bank Reserves Nov. 21j Nov. 14, Nov .. 2222 and Related Items 1951 1951 11995500 (In millions of dollars) Reserve Bank credit: U, S. Government securities 23,275 -122 +3., 979 Loans, discounts and advances 231 - 47 18 Float 1,238 +312 + 621 Total 24,745 +143 +4 ;, 583 Gold stock 22,333 + 50 764 - Treasury currency outstanding 4,689 + 1 + 67 Money in circulation 28,701 +100 +1 ,j25 1 Treasury cash holdings 1,285 + 1 + 4 Treasury deposits with F. R. Banks 364 +119 - 177 Foreign deposits with F. R. Banks 578 - 16 - 356 Other deposits with F. R. Banks 222 + 1 - 86 Other F. R. accounts (net) 774 - 2 + 29 Member bank reserves 19,843 - 7 +3,, 221 Required reserves (estimated) 19,101 +224 +3,, 017 Excess reserves (estimated) 742 -231 + 204 Daily average excess reserves (estimated) 971 + 79 + 248 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 November 21, November 14, November 22, 1950 A S S E TS Gold certificates 20,426,182 + 44,001 907,248 Redemption fund for F. R. notes 679,436 + 3,953 + 145,342 Total gold certificate reserves 21,105,618 + 47,954 761,906 - Other cash 300,751 + 5,356 + 58,305 Discounts and advances 227,010 - 47,250 - 20,040 Industrial loans 4,318 + 169 + 2,092 U. S. Government securities: Bills 126,970 64,375 847,676 Certificates 12,746,198 66,660 +12,674,248 - Notes 5,068,073 8,912,645 — —— - Bonds 5,333,777 + 8,550 + 1,065,402 Total U. S. Government securities 23,275,018 122,485 + 3,979,329 - Total loans and securities 23,506,346 - 169,566 + 3,961,381 Due from foreign banks 33 + 9 F. R. notes of other banks 173,376 + 9,824 + 39,096 Uncollected cash items 4,l4l,ll8 - 192,873 + 702,748 Bank premises 43,127 + 72 + 5,414 Other assets 145,337 + 8,216 + 30,944 TOTAL ASSETS 49,415,706 291,017 + 4,035,991 - L I A B I L I T I ES Federal Reserve notes 24,543,231 + 112,466 + 1,287,372 Deposits: Member bank—reserve accounts 19,842,539 • 7,761 + 3,220,641 U. S. Treasurer—general account 363,993 + 118,505 - 176,745 Foreign 578,232 r 16,064 - 355,877 Other 222,207 + 1,168 - 85,286 Total deposits 21,006,971 + 95,848 + 2,602,733 Deferred availability cash items 2,902,942 - 505,354 + 81,281 Other liabilities and accrued dividends 17,246 - 432 + 6,377 TOTAL LIABILITIES 48,470,390 297,472 + 3,977,763 - C A P I T AL A C C O U N TS Capital paid in 235,131 160 + 13,331 Surplus (Section 7) 510,022 + 21,849 Surplus (Section 13b) 27,543 Other capital accounts 172,620 6,295 + 23,048 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,415,706 - 291,017 + 4,035,991 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.3$ .1% 6.2% Contingent liability on acceptances purchased for foreign correspondents 17,051 2,365 7,119 Industrial loan commitments 6,273 438 2,936 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 21, 1951 (Callable Government securities classified according to nearest call date) Discounts and Industrial U. S. Government advances loans securities Within 15 days 203,166 524 54,062 16 to 90 days 23,580 1,028 72,908 91 days to 1 year. 264 1,478 14,115,723 Over 1 year to 5 years 1,288 5,396,456 Over 5 years to 10 years 1,013,614 Over 10 years 2,622,255 Total 227,010 4,318 23,275,018 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 21, 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 20,426,182 657,999 6,534,963 1135,926 1530,017 943,090 898,298 4165,866 569,837 321,213 732,358 551,764 22338844,,885511 Redemption fund for F. R. notes 679,436 60,293 65,021 55,242 74,068 64,161 46,534 113,347 47,464 24,588 37,270 27,790 63,658 Total gold certificate reserves 21,105,618 718,292 6,599,984 1191,168 1604,085 1007,251 944,832 4279,213 617,301 345,801 769,628 579,554 2448,509 Other cash 300,751 19,996 63,532 15,964 20,461 19,556 22,772 55,878 17,644 6,854 10,645 16,341 31,108 Discounts and advances 227,010 3,948 15,882 14,979 7,123 14,900 7,006 38,793 4,792 1,800 26,457 6,037 85,293 Industrial loans 4,318 — — - 23 3,522 10 88 494 mm mm mm 113388 4433 U. S. Govt, securities: Bills 126,970 — - - 37,197 7,989 11,860 8,443 6,851 19,145 6,923 4,031 5,978 6,076 12,477 Certificates 12,746,198 888,147 2,866,781 801,991 1190,622 847,533 687,773 1901,159 694,910 4o4,64l 600,142 609,930 1252,569 Notes 5,068,073 353,143 1,139,871 318,883 473,409 336,991 273,468 755,928 276,306 160,891 238,625 242,518 498,040 Bonds 5,333,777 371,658 1,199,630 335,601 498,228 354,659 287,805 795,560 290,792 169,326 251,136 255,232 524,150 Total U. S. Government securities 23,275,018 1612,948 5,243,479 1464,464 2174,119 1547,626 1255,897 3471,792 1268,931 738,889 1095,881 1113,756 2287,236 Total loans and ~ ' securities 23,506,346 1616,896 5,259,384 1482,965 2181,252 1562,6l4 1263,397 3510,585 1273,723 740,827 1122,338 1119,836 2372,529 Due from foreign banks 33 2 1/ 10 3 3 2 1 5 1 1 1 % 3 F.R.notes of other banks 173,376 4,725 25,127 5,830 9,412 39,250 15,257 16,838 9,673 9,820 8,572 8,982 19,890 Uncollected cash items 4,l4l,ll8 406,200 776,094 261,466 352,465 323,226 249,277 667,905 168,313 124,344 223,453 200,708 387,667 Bank premises 43,127 1,027 7,676 2,865 4,672 4,022 2,757 6,295 3,306 1,088 2,464 657 6,298 Other assets 145,337 11,187 32,113 8,989 14,022 9,588 7,975 21,202 7,504 4,465 6,877 6,821 14,594 TOTAL ASSETS 49,415,706 2778,325 12,763,920 2969,250 4186,372 2965,509 2506,268 8557,921 2097,465 1233,200 2143,978 1932,900 5280,598 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.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 21, 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 24,543,231 1495,435 5,440,069 1728,944 2218,952 1759,653 1338,222 4688,144 1135,560 625,086 953,539 684,823 2474,804 Deposits: Member bank-reserve accts. 19,842,539 891,821 6,189,967 904,025 1525,897 840,645 870,147 3135,010 734,142 456,874 946,133 1014,o4o 2333,838 U.S.Treasurer-general acct 363,993 28,146 60,865 22,063 35,761 23,282 22.015 48,479 29,480 18,523 22,472 18,841 34,066 Foreign 578,232 35,452 1/181,959 45,172 53,177 28,590 24.016 78,908 21,157 14,295 21,157 21,157 53,192 Other 5,196 154,326 1,755 5,174 1,975 1,507 1,938 9,315 1,643 1,314 821 37,243 Total deposits 21,006,971 960,615 6,587,117 973,015 1620,009 894,492 917,685 3264,335 794,094 491,335 991,076 1054,859 2458,339 Deferred avail, cash items 2,902,942 260,635 458,973 193,363 258,195 259,984 206,996 472,093 128,493 90,307 160,986 155,001 257,916 Other liabilities and accrued dividends 17,246 1,263 4,670 955 1,747 868 775 2,423 754 626 660 793 1,712 TOTAL LIABILITIES 48,470,390 2717,948 12,490,829 2896,277 4098,903 2914,997 2463,678 8426,995 2058,901 1207,354 2106,261 1895,476 5192,771 Capital paid in 235,131 12,954 75,103 16,697 22,383 10,321 9,650 30,012 8,287 5,321 8,824 10,646 24,933 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,l4o Other capital accounts 172,620 12,166 37.379 12,077 l6,066 11,675 9,809 24,140 9,461 6,284 8,709 8,619 16,235 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 49,415,706 2778,325 12,763,920 2969,250 4186,372 2965,509 2506,268 8557,921 2097,465 1233,200 2143,978 1932,900 5280,598 Contingent liability on acceptances purchased for foreign correspondents 17,051 1,055 2/5,255 1,345 1,583 851 715 2,349 630 425 630 630 1,583 Industrial loan commitments 6,273 1,466 957 72 2,488 840 450 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 25,387,030 1534,048 5,656,647 1790,455 2287,188 1815,106 1396,148 4774,925 1178,058 636,755 978,873 730,675 2608,152 Collateral for F.R. notes: Gold certificates 12,489,000 350,000 4,470,000 700,000 881155,,000000 565,000 510,000 2590,000 260,000 150,000 280,000 199,000 1600,000 Eligible paper 164,811 3,886 14,575 14,900 — 13,550 — — 4,755 1,525 26,420 --- 85,200 U. S. Govt, securities 13,500,000 1200,000 1,300,000 1100,000 1500,000 1275,000 950,000 2200,000 975,000 505,000 750,000 545,000 1200,000 Total collateral 26,153,811 1553,886 5,784,575 1814,900 2315,000 1853,550 1460,000 4790,000 1239,755 656,525 1056,420 744,000 2885,200 1J After deducting $396,257,000 participations of other Federal Reserve Banks. 2/ After deducting $11,796,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis