H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H»4»l (For Immediate Release) January 26, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended January 25 member bank reserve balances decreased $68 million. Reductions in member bank reserves resulted from increases of $158 million in Treasury deposits with Federal Reserve Banks, $$0 million in nonmember deposits and other Federal Reserve accounts, and $>6 million in Treasury cash and a decrease of $83 million in Reserve Bank credit, offset in part by a decrease of $208 million in money in circulation. Excess reserves of member banks on January 25 were estimated to be approximately $840 million. Holdings of loans, discounts and advances increased $24 million while holdings of United States Government securities decreased $108 million, the latter change reflecting decreases of $104 million in bills and $4 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended January 25, 1950 were as follows: Increase or decrease since Jan. 25, Jan. 18, Jan. 26, 1950 1950 1949 (in millions of dollars) TJ• Ss Government securities 17 #764 -108 -4,275 Loans, discounts and advances 123 + 24 - 336 Other Reserve Bank credit 4i4 + 2 - 48 Total Reserve Bank credit 18,300 - 83 -4# 660 Gold stock 24,425 - 1 + 157 Treasury currency 4,596 + 9 Member bank reserve balances 16,149 - 68 -3,616 Money in circulation 26,913 -208 648 Treasury cash 1,321 4- 6 - 12 Treasury deposits with P. R* Banks 539 +158 - 596 Nonmember deposits and other F* R. accounts 2,129 + 30 + 378 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. 25# Jan. 18, Jan. 26, 1950 1950 1949 A S S E TS Gold certificates 22,650,431 + 5,000 + 261,999 Redemption fund for F. R. notes 547,796 277 - 78,942 Total gold certificate reserves 23,198,227 + 4,723 + 183,057 Other cash 352,636 + 26,493 - 18,786 Discounts and advances 120,421 + 23,794 - 337,880 Industrial loans 2,090 11 + 1,231 U. S. Govt, securities: Bills 3,684,787 -103,600 -1,294,125 + 60,181 Certificates 6,398,450 Notes 550,700 + 93,450 Bonds 7,129,650 - 4,500 -3,135,104 Total U. S. Government securities 17,763,587 -108,100 -4,275,598 Total loans and securities 17,886,098 - 84,317 -4,612,247 Due from foreign banks 38 11 F. R. notes of other banks 154,650 - 8,190 - 10,226 Uncollected items 2,756,202 -213,146 - 14,032 Bank premises 34,208 + 185 + 1,905 Other assets 106,218 + 4,698 48,780 TOTAL ASSETS 44,488,277 -269,554 -4,519,120 L I A B I L I T I ES Federal Reserve notes 22,918,429 -179,348 - 671,790 Deposits: Member bank-reserve account 16,419,496 - 67,297 -3,615,897 U. S. Treasurer-general account 539,154 +157,861 - 596,303 Foreign 933,545 + 23,906 + 253,756 Other 474,188 + 4,252 + 15,740 Total deposits 18,366,383 +118,722 -3,942,704 Deferred availability items 2,341,965 -215,152 + 33,781 Other liabilities including accrued dividends + 1,884 2,227 TOTAL LIABILITIES 43,63^832 -273,894 -4,582,940 C A P I T AL A C C O U N TS Capital paid in 213,600 4ll + .10,979 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts 122.129 3,929 31,371 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,488,277 -269,554 -4,519,3,20 Ratio of gold certificate reserves to deposit and P. R. note liabilities combined 56.2% + ' .1# + 6.1# Contingent liability on acceptances purchased for foreign correspondents 9,031 - 200 + 5,758 Commitments to make industrial loans 1,865^ + 21 + 199 ^ o?<r— Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 25, 1950 H.14.1(b) (In thousands of dollars) A S S E TS Total Boston New York Phila* Cleve. Rich. Atlanta Chicago St.Louis Minn, Kens.Cy, Dallas SanFren , Gold certificates 22,650,431 837,392 7,175,473 1230,239 1578,660 1049,313 990,589 4L48,301 685,055 471,610 837,414 658,533 2687,852 Re 1 d ? e l m a p t n i o o t n e s f und for 547,796 51,045 48,153 48,178 58,636 50,770 39,452 82,495 42,787 22,267 34,663 27,053 42,297 Total gpId certificate reserves 23,198,227 888,437 7,223,626 1278,417 1637,296 1100,083 1030,041 4530,796 727,842 493,877 872,077 685,586 2730,149 Other cash 352,636 32,460 63,154 23,370 25,716 25,933 28,105 50,419 18,982 6,786 15,297 16,772 45,642 Discounts and advances 120,421 7,477 29,454 6,159 18,710 9,521 8,288 12,335 4,011 4,770 4,609 3,198 11,889 Industrial loans 2,090 1,900 1 102 87 U. S. Govt, securities Bills 3,684,787 254,029 858,895 245,043 341,565 238,060 197,372 558,790 203,256 114,004 170,984 167,271 335,518 Certificates 6,398,450 W.109 1,491,427 425,504 593,HO 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 7.129.650 491.519 1,661,864 474,127 660,891 460.617 381,893 1081,196 393,279 220,584 330,839 323,651 649,190 Total U.S.Government securities 17,763,587 1224,622 4,140,550 1181,296 1646,614 1147,634 951,489 2693,812 979,857 549,588 824,284 806,378 1617,463 554,445 securities~~ 17,886,098 12)2,099 4,170,001* 1189,355 1665,325 1157,257 959,777 2706,147 983,868 828,893 809,576 1629,352 Due from foreign banks 38 3 l/ 12 3 3 2 2 5 1 1 * ,g .J* Q 2ii;°o6 ^ 2 *$ tas i f n% v f i'IM ^ ^ TOTAL ASSETS 44,488,277 2386,577 12,012,185 2682,933 3620,520 2542,081 2234,607 7760,279 1904,olf 1136,663 1882,578 1663,577 4662,235 l/ 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 ON JANUARY 25, 1950 H.4.l(c) (in thousands of dollars) New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. L I A B I L I T I ES Total Boston Federal Reserve notes 22,918,429 1359,739 5,249,244 1596,013 2011,795 1537,152 1257,951 4431,654 1064,932 602,367 903,244 615,535 2288,803 Deposits: Member bank-reserve acct. 16,419,496 705,582 5,297,093 769,031 1189,282 668,679 660,491 2665,030 591,448 400,473 752,074 798,512 1921,801 U.S.Treasurer-general acct. 539,154 29,237 102,830 31,924 42,317 35,071 37,969 60,983 33,693 27,717 25,660 53,207 58,546 Foreign 933,545 58,300 1/298,702 74,032 84,211 46,270 38,867 127,705 33,314 23,135 34,240 32,389 82,380 Other 474,188 2,865 411,889 1,276 4,807 3,629 534 3,684 6,208 1,513 803 486 36,494 Total deposits 18,366,383 795,984 6,110,514 876,263 1320,617 753,649 737,861 2857,402 664,663 452,838 812,777 884,594 2099,221 Deferred availability items 2,341,965 175,770 394,598 143,262 208,874 205,984 200,841 352,423 140,499 58,174 133,162 131,133 197,2451 Other liabilities including accrued dividends 10,055 549 3,383 421 1,177 505 407 1,556 337 307 371 396 646 TOTAL LIABILITIES 43,636,832 2332,042 11,757,739 2615,959 35^2,463 2497,290 2197,060 7643,035 1870,431 1113,686 1849,554 1631,658 4585,915 Capital paid in 213,600 12,048 72,802 15,266 19,929 9,330 8,488 27,271 7,086 4,741 7,566 8,650 20,423 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 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 122,129 8,698 26,176 9,014 11,165 8,333 7,103 16,515 6,886 4,669 6,276 6,089 11,205 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,488,277 2386,577 12,012,185 2682,933 3620,520 2542,081 2234,607 7760,279 1904,042 1136,663 1882,578 1663,577 4662,235 - Contingent liability on acceptances purchased for foreign correspondents 9,031 > 569 2/2,836 722 822 452 379 1,246 325 226 334 316 8o4 Commitments to make industrial loans l,$8$r* — 659 556 15 — 89 500 -66 V F.R. notes outstanding 23,945,274 1438,235 5,460,588 1657,657 2109,626 1618,012 1334,800 4554,217 1109,687 616,101 935,354 670,979 2439,820 Collateral for F.R. notes 7?/ 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 31,207 3,521 9,135 1,135 — 5,881 1,750 3,200 2,285 4,300 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 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 6l 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 120,421 56,569 48,290 13,630 1,927 Industrial loans 2,090 94 12 - 16 93 1,022 185 668 U.S. Govt. securities 17,763,587 1,168,225 635,250 2,050,510 976,402 2,720,500 2,935,650 — 2,253,600 5,023,450 l/ After deducting $634,824,000 participations of other Federal Reserve Banks. 2/ After deducting $6,195,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis