H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 • (For Immediate Release) January 12, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended January 11 member bank reserve balances decreased $3&9 million. Reductions in member bank reserves resulted from a decrease of $827 million in Reserve Bank credit and an increase of $78 million in nonmember deposits and other Federal Reserve accounts, offset in part by decreases of $292 million in Treasury deposits with Federal Reserve Banks, $240 million in money in circulation, and $6 million in Treasury cash. Excess reserves of member banks on January 11 were estimated to be approximately $1,090 million. Holdings of loans, discounts and advances increased $4 million while holdings of United States Government securities decreased $599 million, the latter change reflecting decreases of $6ll million in bills, $47 million in bonds, and $1 million in notes, and an increase of $60 million in certificates. Changes in member bank reserve balances and related items during the week and the year ended January 11, 1950 were as follows: Increase or decrease since Jan. 11, Jan. 4, Jan. 12, 1950 1950 1949 (In millions of dollars) U. S. Government securities 18,230 -599 -4,235 Loans, discounts and advances 101 + 4 - 264 Other Reserve Bank credit 313 -232 . 50 Total Reserve Bank credit 18,644 -827 -4,549 Gold stock 24,426 - 1 + 173 Treasury currency 4,596 - 1 + 10 Member bank reserve balances 16,686 .369 -3,419 Money in circulation 27,311 -240 - 608 Treasury cash 1,313 - 6 10 Treasury deposits with F. R. Banks 255 -292 - 684 Nonmember deposits and other F. R. accounts 2,101 + 78 + Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED H.4.1(a) (In thousands of dollars) Increase or decrease since Jan. 11, Jan. 4, Jan. 12, 1950 1950 1949 A S S E T S Gold certificates 22,645,431 + 25,000 + 282,000 Redemption fund for F. R. notes 548,073 3,858 - 81,592 Total gold certificate reserves 23,193,504 + 21,142 + 200,400 Other cash 295,421 + 32,923 - 30,215 Discounts and advances 98,467 + 3,193 - 265,729 Industrial loans 2,046 9 + 1,206 U. S. Govt, securities: 4,167,480 - 611,767 - 684,459 Bills Certificates 6,336,450 + 61,000 + 18,681 560,700 1,500 + 37,400 Notes 7,165,200 - 47,000 -3,607,157 Bonds Total U. S. Government 18,229,830 - 599,267 -4,235,535 securities Total loans and securities 18,330,343 - 596,083 -4,500,058 11 Due from foreign banks 38 F. R. notes of other banks 156,971 2,293 - 24,483 Uncollected items 2,532,092 - 461,201 - 120,258 Bank premises 33,870 + 137 + 1,527 Other assets 97,183 + 5,172 - 54,196 44,639,422 -1,000,203 -4,527,286 TOTAL ASSETS L I A B I L I T I ES Federal Reserve notes 23,247,673 - 192,357 - 655,587 Deposits: Member bank-reserve account 16,685,676 - 369,441 -3,419,796 U. S. Treasurer-general account 254,788 - 292,068 - 684,663 836,336 + 77,970 + 165,158 Foreign Other 545,184 733 + 71,802 Total deposits 18,321,904 - 504,272 -3,067,499 Deferred availability items 2,218,735 - 230,031 - 71,077 Other liabilities including accrued dividends 9,322 + 79 - 2,508 TOTAL LIABILITIES 43,797,714 -1,006,581 -•4,596,671 C A P I T AL A C C O U N TS Capital paid in 212,536 + 790 + 10,520 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts - 113,456 + 5,588 + 37,403 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,639,422 -1,000,203 -4,527,286 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 55.8% 1.1# 5.9# Contingent liability on acceptances purchased for foreign correspondents 9,471 337 6,114 Commitments to make industrial loans 1,9^2 7 305 6 \ 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 JANUARY 11, 1950 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Gold certificates 22,645,431 850,732 7,373,063 1207,289 1552,765 1042,278 984,599 4383,980 672,893 **53,496 835,319 642,856 2646,l6l ^ ^ n o t e s^ f°r 548,073 $1,068 48,174 48,198 58,679 50,791 39,525 82,512 42,796 22,277 34,675 27,056 42,322 Total gold certificate reserves 23,193,504 901,800 7,421,237 1255,487 1611,444 1093,069 1024,124 4466,492 715,689 475,773 869,994 Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds & OS I 2688,483 295,421 29,055 51,711 19,028 21,968 23,599 27,008 36,955 16,262 6,005 12,566 16,031 35,233 98,467 9,099 26,251 6,389 15,085 6,776 2,919 12,885 5,459 1,808 3,327 2,391 6,078 2,046 1,865 1 103 77 4,167,480 287,306 971,406 277,142 386,309 269,244 223,227 631,990 229,882 128,938 193,383 189,183 379,470 6,336,450 436,834 1,476,975 421,381 587,363 409,372 339,406 960,910 349,525 196,044 294,031 287,643 576,966 560,700 38,655 130,695 37,287 51,975 36,225 30,033 85,029 30,929 17,347 26,018 25,453 51,054 7,165,200 493,969 1,670,152 476,492 664,185 462,915 383,797 1086,588 395,240 221,684 332,487 325,264 652,427 T°secT^itie8VerPmePt 18,229,830 1256,764 4,249,228 1212,302 1689,832 1177,756 976,463 2764,517 1005,576 564,013 845,919 827,543 1659,917 ^securities'""" 18,330,343 1265,863 4,275,479 1220,556 1704,918 1184,635 979,382 2777,402 1011,035 $65,898 849,246 829,934 1665,995 i :i lel'd ziod i lp 3Z 41 TOTAL ASSETS 44,639,422 24o4,o86 12,272,298 2683,441 3570,538 2552,264 2249,285 7710,225 1902,180 1130,070 1897,327 1645,911 4621,797 1/ After deducting $26,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE- BANKS OS JANUARY 11* 1950 H.4.1(c) (In thousands of dollars) New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Total Boston L I A B I L I T I ES 608,461 914,344 630,124 2333,343 5,341,131 1617,371 2037,685 1561,901 1277,273 4467,115 1079,480 Federal Reserve notes 23,247,673 1379,445 Deposits: 688,252 2650,664 612,192 392,691 769,219 828,717 1891,417 Member bank-reserve acct. 16,685,676 713,803 5,503,467 772,060 1173,703 689,491 U.S.Treasurer-general acct. 254,788 23,167 37,892 21,719 22,014 16,267 26,807 21,005 15,847 17,337 13,204 16,093 23,436 35,032 115,106 30,028 20,853 30,862 29,194 74,254 Foreign 836,336 52,548 1/264,123 66,728 75,903 41,705 990 2,067 6,606 1,647 155 l,26l 37,683 Other 545,184 5,715 ~ 475,908 1,965 5,865 5,322 Def T e o r t r a e l d d a e v p a o i s l i a t b s i 1 l 8 it ,3 y 2 1 it , e 9 m 8 s 4 2,218,735 7 1 9 7 5 4 , , 2 8 3 8 3 3 6,2 3 8 9 1 4 , , 3 8 9 5 0 2 8 1 6 3 2 6 , , 4 82 7 6 2 1 1 7 2 7 7 , 7, 1 4 3 8 3 5 7 1 5 9 2 2 , , 7 8 8 8 5 4 7 1 5 8 1 3 , , 0 5 8 9 1 8 2 3 7 3 8 6 8 , , 9 8 0 4 0 2 6 1 6 2 4 4 , , 6 5 7 2 3 7 4 6 3 6 2 , , 0 5 6 2 0 8 8 1 1 3 3 6, , 6 4 3 4 5 0 8 1 7 0 5 8 , , 2 8 6 2 5 2 2 1 0 8 2 5 6 , , 61 7 5 9 0 Ot a h c e c r r u l e i d a b d i i l v i i t d i e e n s ds including 9,322 634 2,551 485 1,004 545 404 1,558 401 325 383 321 711 llirililllPlllllll! TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND 44,639,422 2404,086 12,272,298 2683,441 3570,538 2552,264 2249,285 7710,225 1902,180 1130,070 1897,327 1645,911 4621,797 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 9,471 (p 597 2/2,974 758 862 473 398 1,307 341 237 350 331 843 /// Commitments to make ±63 695 557 15 — 54 500 industrial loans 1 , 9^ — 619,430 942,227 678,518 2463,42$ F.R. notes outstanding 24,210,663 1448,901 5,567,665 1668,971 2127,991 1634,710 1350,590 4587,832 1120,399 Collateral for F.R. notes held by F.R. Agents: 210,000 280,000 204,000 2000,00( 4,670,000 750,000 1000,000 670,000 675,000 3020,000 400,000 Gold certificates 14,319,000 440,000 100 800 4,465 925 . —- 2,86l 3,0.0 Eligible paper 16,947 4,796 U.S. Govt, securities 10,800,000 1100,000 1,000,000 1000,000 1150,000 1000,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,00( MATURITY DISTRIBUTION OF LOANS AND SECURITIES 31 to 61 to 91 days to 6 months 1 to 2 2 to ; Over Within 16 to years years 5 years Total 15 days 30 days' 60 days 90 days 6 months to 1 year Discounts and advances 957557 29,351 7,126 55,352 6,633 12 16 108 940 183 665 U I . n S d . u s G t o r v i t a , l s l e o c a u n r s i ties 18,22 2 9 , , 0 8 4 3 6 0 890,3 2 3 7 4 866,2 9 2 5 5 2,019,234 1,559,987 2,720,500 2,860,950 —- 2,253,600 5,059,000 1/ After deducting $572,192,000 participations of other Federal Reserve Banks. 2/ After deducting $6,497,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis