H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U.I (For Immediate Release) February 2, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended February 1 member bank reserve balances increased $113 million. Additions to member bank reserves resulted from increases of $320 million in Reserve Bank credit, $3 million in Treasury currency and a decrease of $3 million in Treasury cash, offset in part by increases of $98 million in Treasury deposits with Federal Reserve Banks, $70 million in nonmember deposits and other Federal Reserve accounts, $15 million in money in circulation and a decrease of $30 million in gold stock. Excess reserves of.member banks on February 1 were estimated to be approximately $1,010 million. Holdings of loans, discounts and advances increased $335 million and of United States Government securities $91 million, the latter change reflecting increases of $107 million in notes, $77 million in bills, and decreases of $66 million in certificates and $27 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended February 1, 1950 were as follows: Increase or decrease since Feb. 1, Jan. 25, Feb. 2, 1950 1950 19^9 (In millions of dollars) U. S. Government securities 17,855 + 91 -4,360 Loans, discounts and advances 458 +335 + 160 Other Reserve Bank credit 307 -107 6 Total Reserve Bank credit 18,620 +320 -4,207 Gold stock 24,3 95 - 30 + 116 Treasury currency 4,599 + 3 + 11 Member bank reserve balances 16,532 +113 -3,179 Money in circulation 26,928 + 15 - 628 Treasury cash 1,318 - 3 9 Treasury deposits with F. R. Banks 637 + 98 - 647 Bonmember deposits and other F. R. accounts 2,199 + 70 + 383 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 Feb. 1, Jan. 25, Feb. 2, 1950 1950 11994499 A S S E TS Gold certificates 22,620,432 - 29,999 + 202,001 Redemption fund for F. R, notes 543,243 - 4,553 - 80,271 Total gold certificate reserves 23,163,675 34,552 + 121,730 - Other cash 364,123 11,487 6,283 Discounts and advances 455,712 + 335,291 + 158,635 Industrial loans 22,,113344 + 44 ++ 11,,228800 U. S. Govt, securities: Bills 3,761,682 + 76,895 -1,458,444 Certificates 6,332,350 - 66,100 - 57,569 Notes 657,800 + 107,100 + 243,550 Bonds 77,,110033,,330000 - 2266,,335500 -3,087,754 Total U. S. Government securities 17,855,132 + 91,545 -4,360,217 Total loans and securities 18,312,978 + 426,880 -4,200,302 Due from foreign banks 38 mm tm mm 11 F. R. notes of other banks 130,130 - 24,520 - 19,183 Uncollected items 2,548,498 - 207,704 - 74,198 Bank premises 34,129 79 + 1,871 Other assets 110,073 + 3,855 - 48,903 TOTAL ASSETS 44,663,644 + 175,367 -4,225,279 L I A B I L I T I ES Federal Reserve notes 22,911,182 - 7,247 - 666,357 Deposits: Member bank-reserve account 16,531,604 + 112,108 -3,179,604 U'M U. S. Treasurer-general account 636,816 Foreign 917,023 ! ; W Other 561,250 + 87,062 + 89,679 Total deposits 18,646,693 + 280,310 -3,551,314 Deferred availability items 2,241,331 - 100,634 - 68,153 Other liabilities including accrued dividends 8,249 - 1,806 2,466 TOTAL LIABILITIES 43,807,455 + 170,623 -4,288,290 C A P I T AL A C C O U N TS Capital paid in 213,939 339 + 11,182 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts 126,534 + 4,405 + 30,367 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,663,644 + 175,367 -4,225,279 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 55/ • 5# 5.4# Contingent liability on acceptances purchased for foreign correspondents 8,546 485 + 5,214 Commitments to make industrial loans 1,861 24 + 194 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 FEBRUARY 1, 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 22,620,432 858,513 7,228,177 1229,135 1567,930 1069,533 985,285 4345,527 698,709 466,392 863,165 648,571 2659,495 Redemption fund for F. R. notes 543,243 50,830 47,140 47,769 58,386 48,657 39,252 82,459 42,700 2222,,224488 3344,,559955 27,050 4422,,115577 Total gold certificate reserves 23,163,675 909,343 7,275,317 1276,904 1626,316 1118,190 1024,537 4427,986 741,409 488,640 897,760 675,621 2701,652 Other cash 364,123 33,289 69,701 24,636 29,858 24,698 24,969 52,476 17,448 6,202 14,581 17,050 49,215 Discounts and advances 455,712 7,589 312,010 11,089 14,594 17,871 5,346 41,053 15,225 4,120 16,652 2,163 8,000 Industrial loans 2,134 — — — 1,937 1 107 • 89 - — — — — — U. S. Govt, securities Bills ' 3,761,682 259,330 876,818 250,156 348,693 243,027 201,491 570,451 207,498 116,383 174,553 170,762 342,520 Certificates 6,332,350 436,552 1,476,020 421,107 586,983 409,108 339,186 960,289 349,299 195,916 293,841 287,457 576,552 Notes 657,800 45,349 153,328 43,744 60,975 42,498 35,234 99,754 36,285 20,352 30,524 29,861 59,89b Bonds 7,103,300 489,702 1,655,722 472,377 658,448 458,916 380,481 1077,201 391,825 219,769 329,614 322,454 646,791 Total U.S.Government securities 17,855,132 1230,933 4,161,888 1187,384 1655,099 1153,549 956,392 2707,695 984,907 552,420 828,532 810,534 1625,799 Total loans and securities 18,312,978 1238,522 4,473,898 1200,410 1669,694 1171,527 961,738 2748,748 1000,132 Lf\ £ VO ON 845,184 812,697 1633,799 Due from foreign banks 38 3 1/ 12 3 3 2 2 5 1 l 1 1 4 F.R.notes of other banks 130,130 4,237 17,307 4,263 6,195 24,981 17,595 15,909 6,110 4,752 5,899 7,700 15;132 Uncollected items 2,548,498 210,012 466,628 168,452 233,572 200,247 170,623 409,097 140,155 68,582 132,633 119,737 228,760 Bank premises 34,129 1,124 7,854 2,981 4,923 2,476 1,520 3,535 2,051 1,143 2,296 713 3,513 Other assets 110,073 7,385 25,091 6,987 10,444 7,285 5,895 16,858 7,159 3,265 5,191 4,824 9.689 TOTAL ASSETS 44,663,644 2403,915 12,335,808 2684,636 3581,005 2549,406 2206,879 7674,614 1914,465 1129,214 1903,545 1638,343 4641,814 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 ON FEBRUARY 1, 1950 H.4.1(c) (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. Federal Reserve notes 22,911,182 1355>24 5,242,518 1593,431 2005,009 1535,978 1264,469 4427,221 1065,268 602,024 907,238 621,296 2291,306 Deposits: Member bank-reserve acct. l6,531,t>04 698,708 5,566,204 774,729 1154,595 677,536 659*832 2569,431 599,214 387,622 752,807 796,798 1894,128 U.S.Treasurer-general acct. 636,816 48,999 74,882 33,249 62,216 51,635 40,880 85,911 49,682 34,946 52,130 44,468 57,818 Foreign 917>023 57,065 1/295,625 72,464 82,428 45,290 38,044 125,000 32,609 22,645 33,515 31,703 80,635 Other 561,250 . 2,502 493,179 1,995 4,772 7,040 628 2,760 6,132 2,240 2,068 422 37,512 Total deposits 18,646,693 807,274 6,429,890 882,437 1304,011 781,501 739,384 2783,102 687,637 447,453 840,520 873,391 2070,093 Deferred availability items 2,241,331 185,876 405,737 141,084 192,232 186,422 164,889 344,932 127,464 56,139 122,239 111,235 203,082 Other liabilities including accrued dividends 8,249 618 2,022 417 1,132 430 332 1,4l4 305 377 -334 277 591 TOTAL LIABILITIES 43,807,455 2349,192 12,080,167 2617,369 3502,384 2504,331 2169,074 7556,669 1880,674 1105,993 1870,331 1606,199 4565,072 Capital paid in 213,939 12,048 72,894 15,271 19,939 9,354 8,495 27,296 7,103 4,844 7,579 8,676 20,440 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,l40 Other capital accounts 126,534 8,886 27,279 9,302 11,719 8,593 7,354 17,191 7,049 4,810 6,453 6,288 11,610 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,663,644 2403,915 12,335,808 2684,636 3581,005 2549,4o6 2206,879 76?4,6l4 1914,465 1129,214 1903,545 1638,343 464l,8l4 Contingent liability on acceptances purchased for foreign correspondents 8,546 538 2/2,683 684 778 427 359 1,179 308 214 316 299 761 Commitments to make industrial loans l,86l —— — 618 498 15 —— 89 500 —— — l4l F.R. notes outstanding 23,816,552 1433,771 5,407,778 1650,572 2103,683 1610,004 1323,722 4542,032 1106,795 613,864 930,603 665,938 2427,790 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 348,082 3,696 292,520 6,145 — 14,281 — — 13,000 2,575 14,365 1,500 U.S. Govt, securities 10,700,000 1100,000 900,000 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 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 455,712 392,421 53,407 0,537 1,347 Industrial loans 2,134 80 12 16 7 92 1,080 182 665 U.S. Govt, securities 17,855,132 1,161,875 1,191,018 1,774,101 679,688 2,720,500 2,970,150 107,100 2,253,600 4,997,100 l/ After deducting $621,379,000 participations of other Federal Reserve Banks. 2/ After deducting $5,863,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis