H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OP GOVERNORS OP THE FEDERAL RESERVE SYSTEM H.U.I (For Immediate Release) March $0, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 29 member bank reserve balances decreased $187 million# Reductions in member bank reserves resulted from increases of $238 million in Treasury deposits with Federal Reserve Banks, $13 million in Treasury cash, and $21 million in nonmember deposits and other Federal Reserve accounts, and a decrease of #2$ million in gold stock, offset in part by an increase of $>108 million in Reserve Bank credit and a decrease of $3 million in money in circulation. Excess reserves of member banks on March 29 were estimated to be approximately $500 million. Holdings of loans, discounts and advances increased $178 million, while holdings of United States Government securities decreased $57 million, the latter change reflecting increases of $46 million in bills and $10 million in certificates and a decrease of $113 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended March 29, 1950 were as follows: Increase or decrease since March 29, March 22, March 30, 1950 1950 1949 (In millions of dollars) U. S. Government securities 17,516 - 57 -4,312 Loans, discounts and advances 367 +178 + 68 Other Reserve Bank credit 261 - 13 + 10 Total Reserve Bank credit 18,l44 +108 -4,234 Gold stock 24,2 46 - 25 - 65 Treasury currency 4,599 - 1 + 8 Member bank reserve balances 15,782 -187 -3,237 Money in circulation 26,969 - 3 - 434 Treasury cash 1,321 + 13 + 1 Treasury deposits with F. R. Banks +238 997 - 681 Nonmember deposits and other F. R. accounts + 21 1,921 * 60 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Mar. 29, Mar. 22, Mar. 30, 1950 1950 19^9 A S S E TS Gold certificates 22,478,427 - 37,003 + 11,998 Redemption fund for F. R. notes $4l,340 + 8,823 68,880 Total gold certificate reserves 23,019,7^7 - 28,180 - 56,882 Other cash 273,093 - 14,191 - 67,136 Discounts and advances 364,876 +178,415 + 66,760 Industrial loans 2,569 - 111 + 1,808 U. S. Govt, securities: Bills 3,862,875 + 46,000 -1,437,444 Certificates 5,858,550 + 10,000 -1,008,429 Notes 1,379,200 -- + 994,600 Bonds 6,415,100 -113,600 -2,861,400 Total U. S. Government securities 17,515,725 - 57,600 -4,312,673 Total loans and securities 17,883,170 +120,704 -4,244,105 Due from foreign banks 33 -- - l6 F. R. notes of other banks 111,095 - 896 - 8,577 Uncollected items 2,569,500 -183,181 + 113,909 Bank premises 34,427 - 49 + 2,290 Other assets 113,247 + 2,6o4 43,576 TOTAL ASSETS 44,004,332 -103,189 -4,304,093 L I A B I L I T I ES Federal Reserve notes 22,848,577 - 7,5^9 - 508,219 Deposits: Member bank-reserve account 15,781,561 -186,999 -3,237,002 U. S. Treasurer-general account 996,839 +238,100 - 681,402 Foreign 878,725 + 39,475 + 184,517 Other 276,387 - 23,345 - 219,823 Total deposits 17,933,512 + 67,231 -3,953,710 Deferred availability items 2,308,763 -170,101 + 103,837 Other liabilities including accrued dividends 13,255 + 1,235 1,747 TOTAL LIABILITIES 43,104,107 -109,204 -4,359,839 C A P I T AL A C C O U N TS Capital paid in 214,969 + 35 + 10,719 Surplus (Section 7) 488,173 -- + 21,462 Surplus (Section 13b) 27,543 Other capital accounts 169,540 + 5,980 + 23,5^5 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,004,332 -103,189 -4,304,093 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 56.4$ - .2$ + 5*^$ Contingent liability on acceptances purchased for foreign correspondents 7,891 + 574 + 2,899 Commitments to make industrial loans 1,274 + 98 1,238 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 MARCH 29, 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 22,478,427 900,568 6,763,962 1299,510 1673,913 1078,569 1050,881 4446,232 697,276 490,987 845,395 636,200 2594,934 Redemption fund for F. R. notes 541,340 49.989 k3'k11 k6>181 57,381 48,861 38,411 89.094 42.179 22.096 34.141 26,705 iq, ^ 52 Total gold certificate reserves 23,019,76? 950,557 6,807,433 1345,697 1731,294 1127,432 1089,292 4536,226 739,655 513,063 879,736 662,905 2636,457 Other cash Discounts and advances 2 3 7 6 3 4 , ,8 0 7 9 6 3 17,985 1:& I?;* !ihlll tig j&l 5,223 9,926 12,119 36,719 8,045 Industrial loans 6,720 16,300 1,488 3,631 2,569 2,288 1 100 180 U. S„ Govt, securities: Bills 3,862,875 266,307 Certificates 5,858,550 403,888 4 SE 1:S l : E l ; S l-'i IS K M'Mi Notes 1,379,200 95.082 m Bonds Total U.S.Government securities 17,515,725 1207,534 4,082,776 1164,813 1623,638 1131,621 938,212 2656,225 966,185 541,919 812,782 795,126 1594,894 Total loans and securities 17,883,170 1215,579 4,302,177 1172,105 1635,627 1156,322 946,876 2708,080 973,364 548,819 829,082 796,614 1598,525 Due from foreign banks 33 2 l/lO 3 3 2 1 5 F.R.notes of other banks 111,095 4,303 1 1 1 1 3 Uncollected items 2,569,500 202,738 " 5 V 0 3 3 1 7 4 : a & : Iw 6,657 3,663 5,598 5,370 19,744 Bank premises 68,365 122,047 113,350 237,543 34,427 1,115 Other assets 113,247 7,731 TOTAL ASSETS 44,004,332 2400,010 11,679,031 2722,776 3672,071 2533,637 2262,962 7722,581 1874,565 1143,618 1854,093 1596,090 4542,898 1/ After deducting $23,000 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 ONMARCH 29, 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. 1368,117 5,199,423 1599,440 2010,366 1520,785 1271,398 4418,843 1055,130 604,746 906,696 613,263 2280,370 Federal Reserve notes 22,848,577 Deposits: Member bank-reserve acct. 15,781,561 657,297 5,185,674 759,261 1142,296 646,978 681,647 2450,284 566,915 380,178 738,586 764,425 1808,020 U.S.Treasurer-general acct. 996,839 73,719 141,790 67,703 137,343 72,043 59,211 238,995 49,752 50,569 23,390 38,874 43,450 Foreign 878,725 54,804 1/281,954 69,592 79,161 43,495 36,536 120,046 31,316 21,748 32,186 30,447 77,440 Other 276,387 2,423 214,887 1,356 4,077 2,423 666 4,366 6,317 1,480 4,352 569 33,471 Total deposits 17,933,512 788,243 5,824,305 897,912 1362,877 764,939 778,060 2813,691 654,300 453,975 798,514 834,315 1962,381 Deferred availability items 2,308,763 185,020 385,906 154,409 214,772 199,325 172,680 363,587 128,410 59,906 112,995 113,634 218,119 Other liabilities including 616 1,100 accrued dividends 13,255 903 3,740 736 1,397 720 6o4 2,095 505 407 432 TOTAL LIABILITIES 43,104,107 2342,283 11,413,374 2652,497 3589,412 2485,769 2222,742 7598,216 1838,345 1119,034 1818,637 1561,828 4461,970 12,098 73,005 19,922 9,421 8,618 7,130 7,674 20,696 Capital paid in 214,969 15,335 27,323 4,873 8,874 30,778 148,149 38,205 21,194 72,029 19,118 12,494 18,045 42,552 Surplus (Section 7) 488,173 45,957 23,779 15,873 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,l4o 8,600 Other capital accounts 169,540 11,840 37,184 12,250 15,774 11,319 9,646 23,584 9,451 6,144 8,208 15,540 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,004,332 2400,010 11,679,031 2722,776 3672,071 2533,637 2262,962 7722,581 1874,565 1143,618 1854,093 1596,090 4542,898 Contingent liability on acceptances purchased for foreign correspondents 7,891 497 2/2,478 631 718 395 332 1,089 284 197 292 276 702 Commitments to make industrial loans 1,27 4 - - - — 447 444 259 124 F.R. notes outstanding 23,588,765 1416,922 5,349,574 1640,513 2084,828 1574,078 1325,667 4497,589 1098,051 6l4,644 935,104 648,138 2403,657 Collateral for F.R. notes held by F.R. Agents: Gold certificates 13,949,000 440,000 4,670,000 750,000 1000,000 670,000 675,000 2750,000 400,000 210,000 280,000 204,000 1900,000 Eligible paper 255,756 5,475 200,080 1,740 22,261 5,710 5,700 14,790 U.S. Govt, securities 10,800,000 1100,000 800,000 1000,000 1150,000 1000,000 700,000 1800,000 800,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within l6 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 364,876 320,601 2,380 31,751 10,144 Industrial loans 2,569 97 5 17 57 264 1,080 292 757 U.S. Govt, securities 17,515,725 882,852 562,995 3,350,617 2,346,711 2,133,700 2,731,150 711,800 2,370,300 4,425,600 l/ After deducting $596,751,000 participations of other Federal Reserve Banks 2/ After deducting $5,413,000 participations of other Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis