H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) April 6, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 5 member "bank reserve balances increased $189 million. Additions to member bank reserves resulted from decreases of $375 million in Treasury deposits with Federal Reserve Banks and $4 million in Treasury cash, and an increase of $2 million in Treasury currency, offset in part by increases of $164 million in money in circulation and $15 million in nonmember deposits and other Federal Reserve accounts and A decrease of $12 million^in^ Reserve Bank credit. Excess reserves of member banks on April 5 were estimated to be approximately $7^0 million. Holdings of loans, discounts and advances decreased $196 million, while holdings of United States Government securities increased $56 million, the latter change reflecting increases of $109 million in "bills and $75 million in notes, and decreases of $70 million in certificates and $58 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended April 5; 195^ were as follows: Increase or decrease since April 5; March 29, April 6, 1950 1950 1949 (In millions of dollars) U. S. Government securities 17,572 + 56 -4,025 Loans, discounts and advances 171 -196 - 43 Other Reserve Bank credit 389 +128 + 56 Total Reserve Bank credit 18,132 - 12 -4,011 Gold stock 24,246 — — - 71 Treasury currency 4,601 + 2 + 10 Member bank reserve balances 15,971 +189 -3,340 Money in circulation 27,133 +164 - 381 Treasury cash 1,317 - 4 - 12 Treasury deposits with F. R. Banks 622 -375 - 4?4 Honmember deposits and other F. R. accounts 1,936 + 15 + 1*6 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.4.l(a) OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Apr. 5, Mar. 29, Apr. 6, 1950 1950 1949 A S S E TS Gold certificates 22,488,430 + 10,003 + 21,999 Redemption fund for F. R. notes 541,340 - f7,344 Total gold certificate reserves 23,029,770 + 10,003 : 557355 Other cash 237,600 - 35,493 - 65,104 Discounts and advances 168,146 -196,730 - 44,758 Industrial loans 2,602 + 33 + 1,843 U. S. Govt, securities: Bills 3,972,375 +109,500 -1,201,496 Certificates 5,788,750 - 69,800 -1,098,229 Notes 1,454,000 + 74,800 +1,069>400 Bonds 6,357,300 - 57,800 -2,793,800 Total U. S. Government securities 17,572,425 + 56,700 -4.024,125 Total loans and securities 17,743,173 -139,997 -4,067,040 Due from foreign banks 33 16 F. R. notes of other banks 97,389 - 13,706 - 12,302 Uncollected items 2,471,823 - 97,677 + 79,855 Bank premises 34,375 52 + 2,219 Other assets 114,224 + 977 - 42,878 TOTAL ASSETS 43,728,387 -275,945 -4,150,611 L I A B I L I T I ES Federal Reserve notes "~ 22,967,632 +119,055 - 455,801 Deposits: Member bank-reserve account 15,970,695 +189,134 -3,340,627 U. S. Treasurer-general account 622,199 -374,640 - 493,363 Foreign 882,603 + 3,878 + 271,163 Other 284,404 + 8.017 - 208,332 Total deposits 17,759,901 -173,611 -3,771,159 Deferred availability items 2,083,192 -225,571 + 23,732 Other liabilities including accrued dividends 12,822 433 1,534 TOTAL LIABILITIES 42,823,547 -280,560 -4,204,762 C A P I T AL A C C O U N TS Capital paid in 214,981 + 12 + 10,704 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts ,, m,i*3 + 4,603 + 21,985 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,720,3#? -275,945 -4,150,611 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 56.5% .1* + 5.2# Contingent liability on acceptances purchased for foreign correspondents 7,729 162 + 2,463 Commitments to make industrial loans 1,243 31 2,016 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANK SON APRIL 5, 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 Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U.S.Government CVI CXI 1 -d- on 0 895,206 6,935,591 1292,580 1630,602 1083,881 1034,962 4287,813 697,595 482,904 857,936 667,527 2621,833 541,340 49,989 43,471 46,187 57,381 48,863 38,411 89,994 42,379 22,096 34,341 26,705 41,523 23,029,770 945,195 6,979,062 1338,767 1687,983 1132,744 1073,373 4377,807 739,974 505,000 892,277 694,232 2663,356 237,600 17,184 55,949 13,664 18,777 15,904 18,595 30,183 11,456 5,698 8,432 11,049 30,709 168,146 12,757 70,527 4,184 18,172 5,396 1,822 34,742 3,583 4,895 3,773 1,453 6,842 2,602 «••• 2,312 1 XIO 179 3,972,375 273,856 925,929 264,167 368,223 256,639 212,776 602,403 219,120 122,901 184,330 180,326 361,705 5,788,750 399,076 1,349,311 384,957 536,594 373,988 310,069 877,852 319,314 179,098 268,615 262,781 527,095 1,454,000 100,239 338,916 96,693 134,780 93,937 77,882 220,496 80,204 44,985 67,470 66,004 132,394 6.357,300 438.272 1.481.836 422,767 589,297 410,720 340,522 964,072 350,675 196,689 294,998 288,589 578,863 securities 17,572,425 1211,44] 4,095,992 1168,584 1628,894 1135,284 941,249 2664,823 969,313 543,673 815,413 797,700 1600,057 T°secu^itle a~ 17,743,173 1224,200 4,166,519 1175,080 1647,067 1140,790 943,071 2699,565 972,896 548,747 819,186 799,153 1606,899 s Due from foreign banks 33 2 l/ 10 3 3 2 1 5 1 1 ^ . . * , ^ uic;SecLfi?e^r bank82,47l;^3 21^210 454^3 17^357 223I7I9 til'M 17M04 4n>54 132,'ll3 62,705 127I& 10M07 203)857 S S r ' U S S" 1& 2S 7:666 26:037 7^383 10:6% 7:386 6:0# 17:600 7:377 3:394 £kk0 4,998 10^99 TOTAL ASSETS 43,728,387 24l6,991 11,705,660 2713,882 3597,754 2493,167 2232,018 7554,685 1871,341 1129,843 1860,002 1620,188 4532,856 1/ After deducting $23,000 participations of other Federa lReserve 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 APRIL 5, 1950 (in thousands of dollars) L I A B I L IjT I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SacFran. Federal Reserve notes 22,967,632 1377,897 5,217,467 1607,029 2C16,72C 1527,266 1282,180 4439,064 1060,652 608,033 913,561 616,426 2301,331 Deposits: Member bank-reserve acct. 15,970,695 673,518 5,259,694 773,450 1166,124 655,719 696,993 2438,043 579,173 380,528 737,915 803,263 1806,27; U.S.Treasurer-general acct. 622,199 63,028 98,997 55,849 62,359 43,951 22,199 99,753 36,048 37,385 21,722 30,868 50,04( Foreign 882,603 55,213 1/281,373 70,112 79,753 43,820 36,809 120,943 31,550 21,910 32,427 30,674 78,01< Other 284,404 3,210 217,866 1,602 5,022 4,222 775 2,633 6,916 1,277 6,097 Total deposits 17,759,901 794,969 5,857,930 901,013 1313,258 747,712 756,776 2661,372 653,687 441,100 798,161 865,949 1967,971 Deferred availability items 2,083,192 185,118 360,055 134,537 183,183 169,360 152,049 327,076 120,095 55,432 112,238 102,826 181,22: Other liabilities including accrued dividends 12,822 929 3,410 702 1,479 664 549 2,098 498 575 463 500 955 TOTAL LIABILITIES 42,823,547 2358,913 11,438,862 2643,281 3514,640 2445,002 2191,554 7429,610 1834,932 1105,140 1824,423 1585,701 4451,485 Capital paid in 214,981 12,098 73,006 15,335 19,922 9,423 8,619 27,323 7,132 4,873 7,674 8,880 20,696 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,l4c Other capital accounts 174,143 12,191 38,324 12,572 16,229 ll,6l4 9,889 24,294 9,638 6,263 8,723 8,427 15,975 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,728,387 2416,991 11,705,660 2713,882 3597,754 2493,167 2232,018 7554,685 1871,341 1129,843 1860,002 1620,188 4532,85^ Contingent liability on acceptances purchased for foreign correspondents 7,729 487 2/2,427 618 703 386 325 1,067 278 193 286 271 68E Commitments to make industrial loans 1,243 - __ 417 443 259 121 —s* F.R. notes outstanding 23, 603,061 1416,948 5,345,855 1643,273 2082,933 1575,235 1331,497 4512,362 1099,308 617,983 937,173 646,124 2394,37C Collateral for F.R. notes held by F.R. Agents: Gold certificates 14, 049,000 440,000 4,670,000 750,000 1000,000 670,000 675,000 2750,000 400,000 210,000 280,000 2 Eligible paper 82,846 10,250 56,840 1,000 — 3,106 — — 2,150 3,900 2,300 3,30C U.S. Govt, securities 10, 750,000 1100,000 800,000 1000,000 1150,000 950,000 700,000 1800,000 800,000 450,000 700,000 5 30 800,00C 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 168,146 124,771 2,300 38,201 2,874 Industrial loans 2,602 61 9 56 41 966 450 292 727 U.S. Govt, securities 17,572,425 503,843 623,610 2,423,120 3,233,402 1,814,500 1,162,650 786,600 2,656,900 4,367,800 —" t - ' '— -*• - Digitized for FRASER 2/ After deducting $5,302,000 participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis