H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) March 2, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 1, member ban kreserve balances incieased $112 million. Additions to member ban kreserves resulted from increases of $362 million in Reserve Bank credit and $2 million in Treasury currency, offset in part by increases of $175 million in Treasury deposits with Federal Reserve Banks, $4l million in money in circulation, $30 million in nonmember deposits and other Federal Reserve accounts and $5 million in Treasury cash. Excess reserves of member banks on March 1 were estimated to b eapproximately $920 million. Holdings of loans, discounts an dadvances increased $220 million and of United States Government securities $132 million, the latter change reflecting increases of $562 millio nin notes and $120 million in bills, and decreases of $503 million in certificates and $4-7 million in bonds. Changes in member ban kreserve balances and related items during the week and the year ended March 1, 1950 were as follows: Increase or decrease since March 1, Feb. 21, March 2, 1950 1950 1949 (In millions of dollars) U. S. Government securities 17,757 +132 .4,080 Loans, discounts and advances 316 +220 + 74 Other Reserve Bank credit 381 + 10 + 39 18,454 +362 -3,968 Total Reserve Bank credit 24,345 «. — + 55 Gold stock 4,600 + 2 + 13 Treasury currency Member bank reserve balances 16,288 +112 -3,396 27,060 + 41 - 497 Money in circulation Treasury cash 1,316 + 5 4 Treasury deposits with F. R. Banks 555 +175 - 322 Nonmember deposits and other F. R« accounts 2,180 + 30 + 319 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.4.1(a) OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since a. Mar. 1, Feb. Mar. 2, 1950 1950 1949 A S S E TS Gold certificates 22,582,431 + 153,997 Redemption fund for f. R. notes 537,920 - 79,014 Total gold certificate reserves 23,120,351 + 3 + 74,983 Other cash 311,279 - 5,423 46,506 Discounts and advances 313,500 +219,263 + 71,800 Industrial loans 2,411 + 225 + 1,646 U. S. Govt, securities: Bills 3,873,224 +120,300 -1,320,686 Certificates 5,781,450 -502,900 - 647,319 Notes 1,262,500 +561,900 + 915,450 Bonds 6,839,700 - 47,000 -3,028,027 Total U. S. Government securities 17,756,874 +132,300 -4,080,582 Total loans and securities 18,072,785 +351,788 -4,007,136 Due from foreign banks 33 16 F. R. notes of other banks 106,549 - 7,962 - 13,956 Uncollected items 2,730,309 +127,940 + 39,011 Bank premises 34,245 87 + 2,066 Other assets 117,978 - 1,124 - 50,879 TOTAL ASSETS 44,493,529 +465,135 -4,002,433 L I A B I L I T I ES Federal Reserve notes 22,968,766 + 31,237 - 555,057 Deposits: Member bank-reserve account 16,287,724 +112,111 -3,396,669 U. S. Treasurer-general account 554,859 +174,672 - 321,868 Foreign 884,996 + 229 + 134,679 Other 558,912 + 24,627 + 76,560 Total deposits 10,206,491 +311,639 -3,507,298 Deferred availability items 2,349,581 +118,218 + 469 Other liabilities including accrued dividends 9,965 1,442 TOTAL LIABILITIES 43,614,803 +459:815 -4,063,328 C A P I T AL A C C O U N TS Capital paid in 214,640 218 + 11,160 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts 148,370 + 5,102 + 28,273 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,493,529 +465,135 -4,002,433 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 56.0# .5# 5.1$ Contingent liability on acceptances purchased for foreign correspondents 7,864 262 4,159 Commitments to make industria lloans 1,169 565 462 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON MARCH 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 853,940 7,205,438 1229,360 1567,311 1058,648 1008,51 84341,564 695,475 479,757 851,676 666,775 2623,969 Redemption fund for F. R. notes 50,467 45,547 47,086 57,965 49,319 38,901 80,678 42,561 22,185 34,478 26,850 41,883 Total gold certificate reserves 904,407 7,250,985 1276,446 1625,276 1107,967 1047,419 4422,242 738,036 501,942 886,154 693,625 2665,852 Other cash 311,279 24,916 71,461 18,282 27.955 19,232 20,844 41,832 12,302 5,554 11,054 14,718 43,129 Discounts and advances 313,500 15,305 183,588 4,499 14.956 10,441 5,190 21,869 9,077 6,045 4,586 1,646 36,298 Industrial loans 2,411 2,206 1 107 " 97 V* S- Govt, securities: Bills 3,873,224 267,020 902,818 257,573 359,032 250,234 207,465 587,367 213,651 119,834 179,729 175,825 352,676 Certificates 5,781,450 398,573 1,347,609 384,473 535,917 373,516 309,678 876,745 318,910 178,873 268,277 262,449 526,430 Notes 1,262,500 87,037 294,279 83,957 117,029 81,565 67,624 191,456 69,641 39,060 58,584 57,311 114,957 Bonds 6,839,700 471,529 1,594,279 454,847 634,013 441,886 366,362 1037,227 377,285 211,613 317,382 310,488 622,789 Total U.S.Government securities — 17,756,874 1224,159 4,138,985 1180,850 1645,991 1147,201 951,129 2692,7% 979,487 549,380 823,972 806,073 1616,852 18,072,785 1239,464 4,322,573 1187,555 1660,948 1157,749 956,319 2714,664 988,564 555,522 828,558 807,719 1653,150 5«;xSrS ^a%s7% 2 2 ! ;$ Ji 'M 2 m^d 2 6m3^ A 6:®*AS as ks J : g*! :::: Jg i « J;g : AS? TOTAL ASSETS 44,493,529 2403,682 12,193,574 2681,151 3598,103 2525,426 2233,790 7666,496 1890,588 1142,429 1892,729 1649,498 4616,063 1/ After deducting $23,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS "ON MARCH 11,9 50 H.4.1(c) (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. L I A B I L I T I ES 623,531 Federal Reserve notes 22,968,766 1370,359 5,245,851 1601,626 2011,074 1535,123 1269,313 4432,677 1062,187 604,779 910,052 2302,194 Deposits: 687,872 2547,083 810,290 Member bank-reserve acct. 16,287,724 673,131 5,402,094 748,701 1154,799 666,404 590,153 390,451 746,836 1869,910 U.S.Treasurer-general acct. 554,859 45,210 90,792 37,545 51,923 34,137 32,876 65,254 42,347 41,094 27,424 35,958 50,299 Foreign 884,996 55,358 1/282,188 70,296 79,962 43,935 36,905 121,261 31,633 21,968 32,512 30,755 78,223 Other 558,912 3,330 489,672 1,326 4,508 5,817 3,544 1,952 7,026 998 2,241 785 37,713 857,868 671,159 809,013 877,788 2036,145 Total deposits 18,286,491 777,029 6,264,746 1291,192 750,293 761,197 2735,550 454,511 163,802 Deferred availability items 2,349,581 199,308 419,812 152,310 213,978 193,012 375,328 121,860 58,910 139,002 114,613 197,646 Other liabilities including accrued dividends 9,965 757 2,447 559 1,263 510 422 1,746 4o4 342 383 363 769 TOTAL LIABILITIES 43,614,803 2347,453 11,932,856 2612,363 3517,507 2478,938 2194,734 7545,301 1855,610 1118,542 1858,450 1616,295 4536,754 19,901 8,584 27,308 7,122 Capital paid in 214,640 12,084 72,956 15,318 9,402 4,868 7,647 8,773 20,677 38,205 72,029 19,118 12,494 18,045 15,873 42,552 Surplus (Section 7) 488,173 30,778 148,149 45,957 23,779 21,194 SSCrplus (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,l4o Other capital accounts 148,370 10,356 32,294 10,776 13,732 9,958 8,516 20,429 8,217 5,452 7,450 7,250 13,940 TOTAL LIABILITIES AND 2403,682 12,193,574 2681,151 3598,103 2525,426 2233,790 7666,496 1890,588 1142,429 1892,729 1649,498 4616,063 CAPITAL ACCOUNTS 44,493,529 Contingent liability on acceptances purchased 629 716 1,085 283 291 for foreign correspondents 7,864 495 2/2,470 393 330 197 275 700 ommitments to make industrial loans 1,169 469 446 13 113 128 ?.R. notes outstanding 23,712,686 1419,286 5,402,112 1647,933 2086,357 1597,135 1317,344 4510,824 1101,979 613,782 933,914 654,623 2427,397 ollateral for F.R. notes held by F.R. Agents: Gold certificates 14,249,000 440,000 4,670,000 750,000 1000,000 670,000 675,000 2950,000 400,000 210,000 280,00c 204,000 2000,000 Eligible paper 237,442 12,546 167,835 995 — 8,251 — 7,500 4,950 2,965 — 32,400 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 50c,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within l6 to 31 to To" 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 313,500 266,494 7,596 1,570 37,840 Industrial loans 2,411 6 86 12 8 227 1,105 280 687 U.S. Govt, securities 17,756,874 1,201,503 .674,116 1,137,088 38,617 2,777,000 2,929,650 711,800 2,253,600 4,733,500 1/ After deducting $602,768,000 participations of otherF ederal Reserve Banks. Digitized for FRASER 2J After deducting $5,394,000 participations of. otherF ederal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis