H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) December 1, 19^9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 30 member bank reserve balances increased $51,000,000. Additions to member bank reserves resulted from an increase of $176,000,000 in Reserve Bank credit and a decrease of $70,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $107,000,000 in Treasury deposits with Federal Reserve Banks, $3^,000,000 in money in circulation and $2,000,000 in Treasury cash, and a decrease of $51,000,000 in gold stock. Excess reserves of member banks on November 30 were estimated to be approximately $700,000,000. Holdings of loans, discounts and advances increased $188,000,000 and of United States Government securities $13,000,000. The change in holdings of United States Government securities reflects an increase of $^8,000,000 in certificates and a decrease of $35,000,000 in bills, Changes in member bank reserve balances and related items during the week and the year ended November 30, 19^9 were as follows: Increase or decrease since Nov* 30, Nov. 23, Dec. 1, 1949 19^9 19^ (in millions of dollars) U. S. Government securities 17,682 + 13 -5^83 Loans, discounts and advances 323 +188 + 16 Other Reserve Bank credit 261 - 26 50 Total Reserve Bank credit 18,267 +176 -5,516' Gold stock 24,J+79 - 51 + 31^ Treasury currency ^,595 - 1 + 12 Member bank reserve balances 16,038 + 51 -3,839 Money in circulation 27,5^2 + 3J+ - 78O Tr ->firy cash 1,317 + 2 Tr . *• iry r'cp^sits with F. R^ Banks 517 +107 -1,010 Noi^em! er deposits and other F* R. accounts 1,927 - 70 + ^59 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.4.1(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease s:Ln ce Nov. 30, Nov. 23, Dec. 1, 19^9 . 1949 1948 Gold certificates 22,677,431 - 47,001 + 417,001 Redemption fund for F. R. not«s 55M85 + LL001 - 73,697 Total gold certificate reserves 23,231,916 - 1+0,000 + 343,304 Other cash 237,^34 1,434 7,420 Discounts and advances 321,584 + 188,831 + 15,218 Industrial loans 1,843 - 3 + 910 U. S. Govt, securities: Bills 3,999,928 - 34,400 -1,138,866 Certificates 5,870,900 + 48,000 - 190,219 Notes 298,100 — - 498,850 Bonds 7,513,300 — -3,655,076 Total U. S. Government securities 17,682,228 + 13,600 -5,483,011 Total loans and securities 18,005,655 + 202,428 -5,466,883 Due from foreign hanks 35 — 14 F. R. notes of other hanks 119,191 + 463 - 11,627 Uncollected items 2,497,^84 - 84,203 - 251,214 Bank premises 33,066 - 112 + 891 Other assets 147,05^ + 4,654 - 81,804 TOTAL ASSETS 44,271,835 + 81,796 -5,474,767 L I A B I L I T I ES Federal Reserve notes 23,373,496 + 46,818 802,532 Deposits: Member bank-reserve account 16,038,122 + 51,317 -3,838,795 U.S. Treasurer-general account 516,836 + 107,19^ -1,009,946 Foreign 726,097 - 19,2^3 + 237,093 Other 511,809 - 49,005 + 73,9^5 Total deposits 17,792,864 + 90,263 -4,537,703 Deferred availability items 2,236,082 - 58,256 - 201,999 Other liabilities including accrued dividends 12,623 - 723 - 1,155 TOTAL LIABILITIES 43,415,065 + 78,102 -5,543,389 C A P I T AL A C C O U N TS Capital paid in 207,679 + 108 + 7,466 Surplus (Section 7) 466,711 — + 18,522 Surplus (Section 13b) 27,543 — — Other capital accounts ,, 15M37 + 3^586 + 42,634 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,271,835 + 81,795 -5,474,767 Svtlo of gold certificate reserves to deposit and F. R. note liabilities combined 56.4$ .356 7.2% Contingent liability on acceptances purchased for foreign correspondents 8,333 + 1,602 6,542 Coffimitir^n-ts to make industrial loans l,8l8 - 11 4,204 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BANKS ON NOVEMBER 30, 1949 (In thousands of dollars) A S S E TS Total Boston New York Phlla. Cleve, Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Geld certificates 22,677,431 868,303 7,194,712 1218,454 1578,739 1066,698 974,522 4444,032 713,557 449,865 770,288 675,044 2723,217 Redemption fund for F. R. notes 554,485 51,683 50,864 47,425 59,486 51,269 4o,l4l 83,350 43,036 22,389 34,843 27,230 42,769 Total gold certificate reserves 23,231,916 919,986 7,245,576 1265,879 1638,225 1117,967 1014,663 4527,382 756,593 472,254 805,131 702,274 2765,986 Other cash 237,^34 23,886 39,795 11,664 19,763 17,550 18,439 30,198 14,765 6,156 11,436 11,900 31,882 Discounts and advances 321,584 8,098 143,871 8,845 17,247 25,795 8,546 53,919 14,971 .1,340 19,948 2,485 6,519 Industrial loans 1,843 — — 1,696 1 102 44 U. S. Govt, securities: Bills 3,999,928 275,9^7 9^7,943 272,467 368,917 256,783 214,448 596,857 216,164 129,490 193,469 173,017 354,426 Certificates 5,670,900 405,022 1,391,344 399,913 5^1,479 376,695 314,757 876,037 317,275 190,060 283,963 253,946 520,209 Notes 298,100 20,565 70,647 20,306 27,494 19,137 15,962 44,482 16,110 9,650 14,419 12,894 26,4l4 Bonds 7,513,300 518,327 1,780,577 511,792 692,960 482,331 402,810 1121,113 406,034 243,227 363,403 324,988 665,738 Total U.S.Government securities 17,682,228 1219,861 4,190,511 1204,478 1630,850 1135,146 947,997 2638,489 955,583 572,427 855,254 764,845 1566,787 Tctal loans and securities 18,005,655 1227,959 J», 33^,382 1215,C19 1648,098 ll6l,o43 956,543 2692,4c6 97c,551*- 563,811 675,202 767,33c 1573,3C6 Due frcm foreign hanks 35 2 1/ 11 3 3 2 2 5 1 1 1 1 3 F.R,notes of ether htnks 119,191 5,276 20,483 4,049 5,473 15,704 11,648 15,571 6,321 4,539 5,872 5,527 18,728 Uncollected items 2,497,484 199,243 475,911 166,734 205,962 208,691 157,869 395,710 146,044 74,706 136,049 121,512 207,053 Bank premises 33,066 1,134 7,891 2,992 4,719 2,462 1,527 3,125 1,929 1,1^8 2,332 720 3,067 Other assets 147,054 10,301 33,986 9,6ll 14,123 9,256 7,620 22,423 6,995 4,5&3 6,919 6,264 12,773 TOTAL ASSETS 44,271,835 2387,787 12,158,035 2675,951 3536,366 2532,695 2168,511 7686,622 1907,202 1147,196 1842,p42 1615,528 4612,798 l/ After deducting $24,000 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 30, 1949 (in thousands of dollars) L I A B I L I T I ES Total Boston Nev York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 23,373,496 1388,119 5,393,127 1617,663 2025,660 1581,650 1283,067 4476,100 1085,530 608,001 916,362 649,439 2348,778 Deposits: Member bank-reserve acct. 16,038,122 673,283 5,313,106 733,642 1128,627 651,568 644,315 2568,215 .590,096 400,519 711,597 769,486 1853,668 U.S.Treasurer-general acct. 516,836 42,538 95,110 56,018 43,564 26,359 l4,58l 78,55^ 32,298 28,882 30,628 22,545 45,759 Foreign 726,097 1+5,379 1/233,391 57,624 66,268 35,295 29,532 99,4oi 25,931 18,008 25,931 25,211 64,126 Other 511,809 3,902 445,452 2,736 8,4o6 1,650 956 1,732 5,521 2,139 1,890 862 36,563 Total deposits 17,792,864 765,102 6,087,059 850,020 1246,865 714,872 689,384 2747,902 653,846 449,5^8 770,046 818,104 2000,116 Deferred availability items 2,236,082 178,945 419,050 139,911 183,572 190,304 157,652 342,846 133,435 66, Q.89 122,770 115,438 186,070 Other liabilities including accrued dividends 12,623 772 3,34l 755 1,630 609 54l 2,085 515 372 512 499 992 TOTAL LIABILITIES 43,415,065 2332,938 11,902,577 2608,349 3457,727 2487,435 2130,644 7568,933 1873,326 1124,010 1809,690 1583,480 4535,956 Capital paid in 207,679 11,573 70,953 15,068 19,362 9,151 8,194 26,245 6,841 ^,577 7,249 8,386 20,080 Surplus (Section 7) 466,711 29,347 143,019 36,704 43,968 22,417 20,028 68,842 17,974 11,797 17,008 14,95*+ ^0,653 Surplus (Section 13b) 27,543 3,011 7,319 M 89 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 154,837 10,918 34,167 11,341 14,303 10,343 8,883 21,373 8,540 5,741 7,858 7,401 13,969 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,271,835 2387,787 12,158,035 2675,951 3536,366 2532,695 2168,511 7686,822 1907,202 1147,198 1842,942 1615,528 4612,798 Contingent liability on acceptances purchased for foreign correspondents 8,333 525 2/2,633 667 767 408 342 1,150 300 208 300 291 742 Commitments to make industrial loans 1,818 861 868 15 — 7 67 F.R. notes outstanding 24,097,909 1431,588 5,541,552 1657,936 2108,509 1625,408 1337,923 4562,148 1122,818 618,667 9^1,808 679,290 2470,262 Collateral for F.R, notes held by F.R. Agents: Gold certificates 14,289,000 44o,000 4,670,000 750,000 1000,000 650,000 675,000 3020,000 400,000 210,000 280,000 194,000 2000,000 Eligible paper 182,438 3,625 113,760 3,165 —- 22,316 — — 12,415 9,565 17,392 — 200 U.S. Govt, securities 10,800,000 1100,000 1,000,000 1000,000 1150,000 1000,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,000 ' MATURITT DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 91 days to 6 months 1 to 2 2 to 5 Over 61 to Total 15 days 30 dayB 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 32T75B1+ 246,951 "10,59B 7,606 56,410 14 5 Industrial loans 1,843 1,073 14 29 99 125 503 U.S. Govt, securities 17,682,228 1,246,334 757,316 1,852,703 1,227,975 1,069,200 4,396,200 1,709,400 5,423,100 i, After deducting $492,685,000 participations of other Federal Reserve Banks. After deducting $5,700,000 participations of other Federal Reserve Banlrs. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis