H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) January 19, 1950 CONDITION OF THE FEDERAL RESERVE BARKS During the week ended January 18 member bank reserve balances decreased $199 million. Reductions in member bank reserves resulted from a decrease of $261 million in Reserve Bank credit and increases of $126 million in Treasurydeposits with Federal Reserve Banks and $2 million in Treasury cash, offset in part by decreases of $190 million in money in circulation and $2 million in nonmember' deposits and other Federal Reserve accounts. Excess reserves of member banks on January 18 were estimated to be approximately $910 million. Holdings of loans, discounts and advances decreased $2 million and of United States Government securities $358 million, the latter change reflecting decreases of $379 million in bills, $31 million in bonds and $10 million in notes, and an increase of $62 million in certificates. Changes in member bank reserve balances and related items during the week and the year ended January 18, 1950 were as follows: "" Increase or decrease since Jan. 18, Jan. 11, Jan. 19, 1950 1950 19^9 (In millions of dollars) 17,872 -358 -4,245 U. S. Government securities Loans, discounts and advances 99 - 2 - 143 412 + 99 - 227 Other Reserve Bank credit -261 -4,616 18,383 Total Reserve Bank credit + 162 24,426 Gold stock + 10 4,596 Treasury currency 16,487 -199 -3,646 Member bank reserve balances 27,121 -190 - 596 Money in circulation 1,315 + 2 - 12 Treasury cash 381 +126 - 423 Treasury deposits with if. R. Banks Nonmember deposits and other F. R• accounts 2,099 - 2 + 230 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 since Jan. 18, Jan. 11, Jan 19, 1950 1950 1949 A S S E TS Gold certificates 22,645,431 + 277,001 Redemption fund for F. R. notes 548,073 79,113 Total gold certificate reserves 23,193,504 + 197,090 Other cash 326,143 + 30,722 - 31,304 Discounts and advances 96,627 - 1,840 - 144,880 Industrial loans 2,101 + 55 + 1,284 U. S. Govt, securities: Bills 3,788,387 -379,093 - 922,193 Certificates 6,398,450 + 62,000 + 93,681 Notes 550,700 - 10,000 + 51,450 Bonds 7,134,150 - 31,050 -3,468,717 Total U. S. Government securities ~~ 17,871,687 -358,143 -4,245,779 Total loans and securities 17,970,415 -359,928 -4,389,375 Due from foreign banks 38 w mm 11 - 27,616 F. R notes of other banks 162,840 + 5,869 Uncollected items 2,969,348 +437,256 - 211,585 + 1,685 Bank premises 34,023 + 153 Other assets 101,520 + 4,337 - 53,314 TOTAL ASSETS 44,757,831 +118,409 -4,513,632 L I A B I L I T I ES 23,097,777 -149,896 - 638,863 Federal Reserve notes Deposits: -198,883 Member bank-reserve account 16,486,793 -3,645,718 U.S. Treasurer-general account 381,293 +126,505 - 422,503 Foreign 909,639 + 73,303 + 194,654 81,900 Other 469,936 - 75,248 Total deposits 16,247,661 - 74,323 -3,955,467 +338,382 + 15,260 Deferred availability items 2,557,117 Other liabilities including accrued dividends , 8,171 - 1,151 - 2|glj» TOTAL LIABILITIES 43,910,726 +113,012 -4,501,084 C A P I T AL A C C O U N TS Capital paid in ~~ 213,189 653 + 10,910 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 + 4,744 + 35,880 118,200 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,757,031 +110,409 -4,513,632 Ratio of gold certificate reserves to deposit 6.0# and F R. note liabilities combined 56.1# .3# Contingent liability on acceptances purchased for foreign correspondents 9,231 240 + 5,882 227 Commitments to make industrial loans 1M . 58 + M 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 18, 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 22,645,431 874,116 7,237,100 1221,995 1562,790 1052,542 1023,059 4345,483 706,400 442,306 858,544 661,571 2659,525 Redemption fund for F. R. notes 548,073 51,068 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 23,193,504 925,184 7,285,274 1270,193 1621,469 1103,333 1062,584 4427,995 749,196 464,583 893,219 688,627 2701,847 Other cash 326,143 30,378 59,580 21,704 27,338 25,082 25,994 42,597 17,101 6,127 14,333 17,102 38,807 Discounts and advances 96,627 8,973 24,332 5,639 16,877 4,501 2,772 16,097 2,633 1,720 5,048 2,268 5,767 1Industrial loans 2,101 1,922 1 101 — - - 77 U. S. Govt, securities Bills " 3,788,387 261,171 883,043 251,932 351,168 244,753 202,921 574,501 208,971 117,209 175,792 171,974 344,952 Certificates 6,398,450 441,109 1,491,427 425,504 593,110 413,379 342,726 970,313 352,945 197,962 296,907 290,457 582,611 Notes 550,700 37,965 128,364 36,622 51,048 35,578 29,498 83,513 30,377 17,038 25,554 24,999 50,144 Bonds 7,134,150 491,829 1,662,913 474,427 661,308 460,908 382,134 1081,879 393,527 220,723 331,047 323,855 649,600 Total U.S.Government , „ securities 17,871,687 1232,074 4,165,747 1188,485 1656,634 1154,618 957,279 2710,206 985,820 552,932 829,300 811,285 1627,307 Total loans and , ^ ^ ^ . 17,970,415 960,051 2726,303 securities"— 1241,047 4,190,079 1196,046 1673,512 1159,220 988,453 554,729 834,348 813,553 1633,074 Due from foreign banks 38 3 l/ 12 3 3 2 2 5 1 ... I 1 ^ 26,823 F.R.notes of other banks 162,840 8,201 2B,88l 10,495 7,348 15,725 18,233 8,302 4,849 7,210 9,131 17,642 Uncollected items 2,969,348 243,118 560,106 202,312 276,818 237,059 214,492 454,533 175,824 84,131 158,816 143,079 219,060 2.987 Bank premises 34,023 1,129 7,873 4,932 2,477 1,523 3,557 1,927 1,146 2,310 717 3,445 Other assets 101,520 7,427 22,997 6,318 9,388 6,597 5,394 15,580 6,802 2,971 4,779 4,454 8,813 TOTAL ASSETS 44,757,831 2456,487 12,154,802 2710,058 3620,808 2560,593 2285,765 7688,803 1947,606 1118,537 1915,016 1676,664 4622,692 1/ After deducting $26,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

3.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 18, 1950 (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 Minn. Kans.Cy. Dallas SanFran. 23,097,777 1367,967 5,305,126 1609,024 2023,193 1549,928 1270,416 4451,898 1074,477 605,314 908,172 621,245 2311,017 Federal Reserve notes Deposits; 700,278 2588,224 619,060 3T?,?§0 773,403 830,310 1879,686 Member bank-reserve acct. 16,486,793 730,202 5,357,772 766,339 1183,973 679,796 26,623 54,352 32,486 25,046 28,766 40,300 25,807 27,749 20,445 22,054 26,605 51,060 U.S.Treasurer-general acct. 381,293 56,713 1/292,083 72,016 81,918 45,010 37,808 124,228 32,407 22,505 33,307 31,507 80,137 Foreign 909?639 483 2,099 5,823 1,710 188 423 39,158 .,. sOt¥hers 4f6E9,93m6 „ ...tss 5, a 152 s ~ 40 « 3,2 ' 0 s 1 s 1, s 874 s 5,9 34 'S 3, B 891 3:$ as iss ss w as 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 8,171 591 2,145 371 1,073 446 346 1,394 290 316 289 344 566 . 43,910,726 2402,318 11,901,261 2643,384 3543,101 2516,089 2248,493 7572,200 1914,232 1095,687 1882,222 1644,935 4546,804 TOTAL LIABILITIES Capital paid in 213,189 12,040 72,782 15,230 19,913 9,305 8,419 27,221 7,074 4,731 7,500 8,b3b 20,338 Surplus (Section 7) 488,173 30,778 148,149 38,205 45,957 23,779 21,194 72,029 19,118 12,494 18,045 15,873 42,552 2,l40 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 118,200 8,340 10,831 8,071 6,897 6,661 6,112 10,858 Other capital accounts 25,291 8,750 15,924 4,552 5,913 TOTAL LIABILITIES AND 44,757,831 2456,487 12,154,802 2710,058 3620,808 2560,593 2285,765 7688,803 1947,606 1118,537 1915,016 1676,664 4622,692 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 2/2,898 738 840 462 388 1,274 332 231 342 323 822 yV/' Commitments to make 9'231 > 581 industrial loans 24,086 1 , , 0 W 3 5 1445,338 5,492,386 1664,1 6 2 3 7 7 5 2 5 1 7 2 4 1 , 5 539 1632,746 — 1 3 5 4 4 2 , 5 4 0 5 0 4 4574,891 1115,567 619,5 — 3 — — 5 — — 9 — 40,226 673,928 2460,298 F.R. notes outstanding Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,289,000 440,000 4,670,000 750,000 1000,000 670,000 675,000 2990,000 400,000 210,000 280,000 204,000 2000,000 Eligible paper 13,442 4,891 3,785 455 — : 1,261 — — 300 100 2,650 10,800,000 1100,000 1,000,006 1000,000 1150,000 1000,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,000 U.S. Govt, securities MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within l6 to 31 to 61 to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 96,627 29,823 5,058 55,172 6,569 Industrial loans 2,101 28 91 12 16 112 997 182 663 U.S. Govt, securities 17,871,687 1,076,325 790,150 1,925,903 1,141,609 2,720,500 2,935,650 — 2,253,600 5,027,950 l/ After deducting $617,537,000 participations of other Federal Reserve Banks. 2/ After deducting 6,333,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis