H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) February l6>.1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended February 15 member bank reserve balances increased $135 million. Additions to member bank reserves resulted from an increase of $435 million in Reserve Bank credit and a decrease of $12 million in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $305 million in Treasury deposits with Federal Reserve Banks, $8 million in money in circulation, and a decrease of $2 million in gold stock. Excess reserves of member banks on February 15 were estimated to be approximately $1,040 million. Holdings of loans, discounts and advances increased $44 million and of United States Government securities $125 million, the latter change reflecting increases of $121 million in bills, $25 million in certificates, $2$ million in notes, and a decrease of $49 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended February 15, 1950 were as follows: Increase or decrease since Feb. 15, Feb. 8, Feb. l6, 1950 1950 1949 (In millions of dollars) U. S. Government securities 17,781 +125 -4,522 Loans, discounts and advances 269 + 44 + 30 Other Reserve Bank credit 531 +266 + 147 Total Reserve Bank credit 18,581 +435 -4,345 Gold stock 24,343 - 2 + 59 Treasury currency 4,598 + 12 -- Member bank reserve balances 16,400 +135 -3,047 Money in circulation 26,993 + 8 - 487 Treasury cash 1,313 » •» - 10 Treasury deposits with F. R. Banks 671 +305 -1,083 Norjnember deposits and other F. R. accounts 2,147 - 12 + 355 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. 15, Feb. 8, Feb. 16, 1950 1950 1949 A S S E TS Gold certificates 22,584,430 - . 1 + 166,000 Redemption fund for F. R. notes 540,029 1 - 80,448 Total gold certificate reserves 23,124,459 2 + 95,552 Other cash 328,813 - 4,227 - 45,431 Discounts and advances 266,546 + 43,250 + 28,540 Industrial loans 22,,114433 + 21 ++ 11,,335566 U. S. Govt, securities: Bills 3,824,649 +120,677 -1,445,768 Certificates 6,330,850 + 25,500 - 328,419 Notes 705,600 + 28,100 + 325,050 Bonds 6,920,300 - 48,600 -3,072,637 Total U. S. Government securities 17,781,399 +125,677 -4,521,774 Total loans and securities 18,050,088 +168,948 -4,491,878 Due from foreign banks 38 11 F. R. notes of other banks 110,598 - 6,163 - 24,643 Uncollected items 3,195,650 +791,526 + 62,115 Bank premises 34,289 6 + 2,035 Other assets 116,182 + 4,729 - 53,384 TOTAL ASSETS 44,960,117 +954,805 -4,465,645 L I A B I L I T I ES Federal Reserve notes 22,927,574 - l,78l - 553,642 Deposits: Member bank-reserve account 16,399,536 +134,195 -3,047,469 U. S. Treasurer-general account 670,915 +304,845 -1,083,579 Foreign 890,380 - 13,893 + 161,811 Other 528,287 + 391 + 79,733 Total deposits 18,489,118 +425,538 -3,889,504 Deferred availability items 22,,666644,,997700 ++552255,,333344 8844,,114400 Other liabilities including accrued dividends 9,675 + 876 1,346 TOTAL LIABILITIES 44,091,337 +949,967 -4,528,632 C A P I T AL A C C O U N TS Capital paid in 214,223 + 146 + 11,141 Surplus (Section 7) 488,173 • •» + 21,462 Surplus (Section 13b) 27,543 «• — — •» Other capital accounts 138,841 + 4,692 + 30,384 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 44,960,117 +954,805 -4,465,645 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 55.8# - .6* ++ 55..66## Contingent liability on acceptances purchased for foreign correspondents 7,579 + 50 ++ 33,,996644 Commitments to make industrial loans 1,759 40 + 31 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$, I95O (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 22,584,430 833,668 7,337,192 1241,888 1572,708 1044,124 985,523 4309,500 671,227 467,444 861,427 633,970 2625,759 Redemption fund for F. R, notes 540,029 50,661 46,335 47,424 58.178 49.174 39.072 80,914 42,628 22.211 34.533 26.903 41.996 Total gold certificate reserves 23,124,459 884,329 7,383,527 1289,312 1630,886 1093,298 1024,595 4390,414 713,855 489,655 895,960 660,873 2667,755 Other cash 328,813 29,928 64,570 19,919 28,187 20,359 21,423 48,719 15,310 6,148 11,430 16,544 46,2# Discounts and advances 266,546 12,094 155,171 6,049 12,655 19,616 2,699 26,820 3,999 8,207 7,947 4,101 7,188 Industrial loans 2,143 — — 1,948 1 96 — — ___ 98 U. S. Govt, securities: • 1" Bills 3,824,649 263,671 891,495 254,343 354,530 247,095 204,864 580,000 210,972 118,331 177,475 173,620 348,253 Certificates 6,330,850 436,450 1,475,671 421,008 586,844 409,011 339,105 960,060 349,215 195,871 293,770 287,389 576,456 Notes 705,600 48,644 164,470 46,923 65,406 45,586 37,795 107,003 38,922 21,830 32,742 32,031 64,248 Bonds 6,920,300 477,085 1,613,066 460,207 641.484 447,093 370,679 1049,450 381.731 214,107 321,123 314.147 630.128 Total* U.S.Government securities 17,781,399 1225,850 4,144,702 1182,481 1648,264 1148,785 952,443 2696,513 980,840 550,139 825,110 807,187 1619,085 Total loans and securities 18,050,088 1237,944 4,299,873 1190,478 1660,920 1168,497 955,142 2723,333 984,839 558,444 833,057 811,288 1626,273 Due from foreign banks 38 3 1/ 12 3 3 2 2 5 11 1 1 4 F.R.notes of other banks 110,598 3,622 13,829 4,594 5,684 17,46? 16,710 14,529 7,681 3,679 5,752 5,843 11,208 Uncollected items 3,195,650 239,754 623,965 219,579 283,211 218,804 204,982 6ll,04l 166,413 78,553 141,339 147,0l6 260,993 Bank premises 34,289 1,124 7,855 2,981 4,919 2,476 1,520 3,616 2,051 1,143 2,296 713 3,595 Other assets 116.182 7,897 26,724 7.357 10.889 7.481 6,208 17.663 7.486 3.464 5.403 5.205 10.405 TOTAL ASSETS 44,960,117 24o4,6oi 12,420,355 2734,223 3624,699 2528,384 2230,582 7809,320 1897,636 1141,087 1895,238 1647,483 4626,509 l/ After deducting $26,000 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 FEBRUARY 15, 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. Federal Reserve notes 22,927,574 1362,831 5,240,173 1600,566 2007,123 1531,276 1262,957 4429,258 1061,540 604,183 904,730 617,029 2305,908 Deposits: Member bank-reserve acct. 16,399*536 671,237 5,505,658 737,938 1180,808 672,016 692,454 2552,601 588,436 394,713 770,752 777,731 1855,192 U.S.Treasurer-general acct. 670,915 57,547 128,760 55,160 78,216 45,218 18,402 112,314 28,748 39,538 24,659 46,46o 35,893 Foreign 890,380 55,768 1/283,115 70,8l6 80,553 44,260 37,178 122,158 31,867 22,130 32,752 30,982 78,801 Other 528,287 2,459 470,098 1,287 4,045 3,397 1,282 1,829 6,192 , 1,103 1,840 450 34,305 Total deposits 18,489,118 787,011 6,387,631 865,201 1343,622 764,891 749,316 2788,902 655,243 457,484 830,003 855,623 2004,191 Deferred availability items 2,664,970 198,477 531,298 199,865 193,145 185,832 179,406 469,710 145,979 55,510 126,294 141,678 237,776 Other liabilities including accrued dividends 9,675 659 2,744 467 1,076 497 388 1,667 369 295 370 401 742 TOTAL LIABILITIES 44,091,337 2348,978 12,161,846 2666,099 3544,966 2482,496 2192,067 7689,537 1863,131 1117,472 1861,397 1614,731 4548,617 Capital paid in 214,223 12,077 72,916 15,297 19,896 9,383 8,564 27,329 7,113 4,863 7,604 8,728 20,453 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 1,307 2,l4o Surplus (Section 13b) 27,5% 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 Other capital accounts 138,841 9,757 30,125 10,133 12,874 9,377 7,995 18,996 7,753 5,185 7,055 6,844 12,747 TOTAL LIABILITIES AND 44,960,117 2404,601 12,420,355 2734,223 3624,699 2528,384 2230,582 7809,320 1897,636 1141,087 1895,238 1647,483 4626,509 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 7,579 478 2/2,379 606 690 379 318 1,046 273 190 280 265 675 Commitments to make industrial loans 1 759 532 496 15 88 500 128 F.R. notes outstanding 23,718,111 1423,662 5,409,603 1640,100 2091,413 1599,908 1316,974 4517,932 1099,676 614,154 931,165 657,250 2416,074 Collateral for F.R. notes held by F.R. Agents: 440,000 4,670,000 750,000 1000,000 670,000 675,000 2950,000 400,000 210,000 280,000 204,000 2000,000 Gold certificates 14,249,000 Eligible paper 176,812 8,421 136,365 1,385 — 16,201 — -- 1,900 6,750 5,790 1100,000 900,000 1000,000 1150,000 1000,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,000 U.S. Govt, securities 10,700,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 61 to 91 days to 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 266,54b 255,500 3,380 7,296 190 Industrial loans 2,143 2 81 6 97 1,103 183 671 U.S. Govt, securities 17,781,399 1,683,768 772,385 1,244,409 1,164,087 2,734,500 2,959,650 154,900 2,253,600 4,814,100 l/ After deducting $607,247,000 participations of other Federal Reserve Banks, 2/ After deducting $5,200,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis