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 13, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 12 member "bank reserve balances increased $25 million. Additions to member bank reserves resulted from decreases of $6l million in money in circulation, $35 million in Treasury deposits with Federal Reserve Banks, and $4 million in Treasury cash, offset in part b ya decrease of $64 million in Reserve Bank credit and an increase of $10 million in nonmember deposits and other Federal Reserve accounts• Excess reserves of member banks on April 12 were estimated to be approximately $750 million. Holdings of loans, discounts an dadvances decreased $9 million, while holdings of United States Government securities increased $25 million, the latter change reflecting increases of $43 million in bills and $12 million in certificates and a decrease of $30 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended April 12, 1950 were as follows: Increase or decrease since April 12, April 5, April 13, 1950 1950 19^9 (In millions of dollars) U. S. Government securities 17,597 + 25 -3,894 Loans, discounts and advances 162 - 9 - 71 Other Reserve Bank credit 309 - 80 - 23 Total Reserve Bank credit 18,068 - 64 -3,988 Gold stock 24,247 + l - 74 Treasury currency 4,600 - 1 + 8 Member bank reserve balances 15,996 + 25 -3,331 Money in circulation 27,072 - 61 - 435 Treasury cash 1,313 - 4 5 Treasury deposits with F. R. Banks 587 - 35 - 441 Nonmember deposits and other F. R. 1,946 + 10 + 158 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 Apr. 12, Apr. 5, Apr. 13, 1950 1950 1949 A S S E TS Gold certificates 22,498,429 + 9,999 + 32,002 Redemption fund for F. R. notes 531,341 - 9,999 - 75,980 Total gold certificate reserves 23,029,770 : #7975 Other cash 240,585 + 2,985 - 51,782 Discounts and advances 159,571 - 8,575 - 72,368 Industrial loans 2,587 15 + 1,819 U. S. Govt, securities: Bills 4,015,375 + 43,000 -1,140,496 Certificates 5,800,750 + 12,000 -1,086,229 Notes 1,454,000 +1,069,400 Bonds 6,326,900 - 30,400 -2,736,600 Total U. S. Government securities 17,597,025 + 24,600 -3,893,925 Total loans and securities 17,759,183 + 16,010 -3,964,474 Due from foreign banks 33 16 F. R. notes of other banks 107,405 + 10,016 + 3,923 Uncollected items 2,844,251 +372,428 + 33,148 Bank premises 34,474 + 99 + 2,316 Other assets 118,502 + 4,278 - 42,180 TOTAL ASSETS 44,134,203 +405,816 -4,063,043 L I A B I L I T I ES Federal Reserve notes 22,916,425 - 51,207 - 465,841 Deposits: Member bank-reserve account 15,996,472 + 25,777 -3,330,504 U. S. Treasurer-general account 587,049 - 35,150 - 441,259 Foreign 896,002 + 13,399 + 302,150 Other 281,157 - 3,247 - 234,896 Total deposits 17,760,680 + 779 -3,704,509 Deferred availability items 2,535,063 +451,871 + 55,838 Other liabilities including accrued dividends 12,964 + 142 - 1,426 TOTAL LIABILITIES 43,225,132 +401,585 -4,115,938 C A P I T AL A C C O U N TS Capital paid in — —— 215,024 43 + 10,782 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts 178,331 + 4,188 + 20,651 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,134,203 +405,816 -4,063,043 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 56.6% + 5.2# Contingent liability on acceptances purchased for foreign correspondents 6,988 741 + l,8l6 Commitments to make industrial loans 1,321 78 1,428 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 APRIL 12, 1950 (in thousands of dollars) A S S E IS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Gold certificates 22,498,429 894,838 6,883,527 1288,373 l6l6,l66 1084,720 1045,108 4343,859 690,955 473,500 863,038 665555,,000088 22665599,,333377 Redemption fund for F. R. notes 531,341 49,989 43,471 46,187 57,381 48,864 38,411 79,994 42,379 22,096 34,341 26,705 41,523 Total gold certificate reserves 23,029,770 944,827 6,926,998 1334,560 1673,547 1133,584 1083,519 4423,853 733,334 495,596 897,379 681,713 2700,860 Other cash 240,585 17,022 57,203 13,978 21,552 15,355 18,451 30,869 11,840 4,514 8,841 10,6l8 30,342 Discounts and advances 159,571 13,807 53,292 8,334 28,822 4,291 1,822 15,367 4,203 11,945 10,893 1,453 5,342 Industrial loans 2,587 mm mm mm mm mm mt 2,293 1 114 mm mm mm ***** 117799 U. S. Govt, securities; Bills 4,015,375 274,890 957,425 265,164 369,614 257,608 213,580 604,678 219,948 123,365 185,026 181,007 363,070 Certificates 5,800,750 399,076 1,361,311 384,957 536,594 373,988 310,069 877,852 319,314 179,098 268,615 262,781 527,095 Notes 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 Boqds 6,326,900 436,176 1,474,750 420,746 586,478 408,756 338,893 959,462 348,997 195,749 293,588 287,209 576,096 Total U.S.Government securities 17,597,025 1210,381 4,132,402 1167,560 1627,466 1134,289 940,424 2662,488 968,463 543,197 814,699 797,001 1598,655 Total loans and securities 17,759,183 1224,188 4,185,694 1178,187 1656,289 1138,694 942,246 2677,855 972,666 555,321 825,592 798,454 1603,997 Due from foreign banks 33 2 1/ 10 3 3 2 1 51 1 1 1 3 F.R.notes of other banks 107,405 3,317 19,187 4,644 5,275 11,292 17,213 13,413 7,314 2,633 5,324 4,703 13,090 Uncollected items 2,844,251 223,4g4 515,440 204,380 267,029 237,926 203,865 482,136 161,666 73,500 144,350 114,041 216,424 Bank premises 34,474 1,115 7,817 2,970 4,897 2,465 1,512 3,627 2,035 1,138 2,292 707 3,899 Other assets 118.502 7.941 27.170 7.649 10,727 7.801 6,319 18.337 7.571 3.525 5.689 5.131 10.640 TOTAL ASSETS 44,134,203 2421,906 11,739,519 2746,371 3639,319 2547,119 2273,126 7650,095 1896,427 1136,228 1889,468 1615,370 4579,255 l/ 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 ON APRIL 12, 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 22,916,425 1378,861 5,190,544 1603,949 2024,196 1525,403 1272,367 4435,376 1058,398 607,358 909,442 611,607 2298,924 Deposits: Member bank-reserve acct. 15,996,472 675,354 5,240,056 779,566 1155,172 658,895 691,942 2476,788 584,973 379,648 740,004 782,649 1831,425 U.S.Treasurer-general acct. 587,049 40,027 79,623 44,312 49,393 46,869 47,014 73,612 29,830 39,548 38,117 39,136 59,568 Foreign 896,002 55,969 1/286,541 71,072 80,845 44,420 37,313 122,599 31,982 22,210 32,871 31,094 79,086 Other 281,157 2,464 216,073 3,524 4,794 4,269 785 3,239 6,772 907 6,034 763 31,533 Total deposits 17,760,680 773,814 5,822,293 898,474 1290,204 754,453 777,054 2676,238 653,557 442,313 817,026 853,642 2001,612 Deferred availability items 2,535,063 209,987 455,162 172,300 240,218 218,138 182,447 410,745 147,236 61,317 126,692 114,932 195,889 Other liabilities including accrued dividends 12,964 888 3,804 771 1,174 705 571 2,045 537 398 432 510 1,129 TOTAL LIABILITIES 43,225,132 2363,550 11,471,803 2675,494 3555,792 2498,699 2232,439 7524,404 1859,728 1111,386 1853,592 1580,691 4497,554 Capital paid in 215,024 12,098 73,009 15,335 19,922 9,424 8,628 27,327 7,144 4,876 7,675 8,887 20,699 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 2,140 Other capital accounts 178,331 12,469 39,239 12,848 16,642 11,868 10,103 24,906 9,916 6,399 9,019 8,612 16,310 TOTAL' LIABILITIES AND CAPITAL ACCOUNTS 44,134,203 2421,906 11,739,519 2746,371 3639,319 2547,119 2273,126 7650,095 1896,427 1136,228 1889,468 1615,370 4579,255 Contingent liability on acceptances purchased for foreign correspondents 6,988 440 2/2,194 559 636 349 293 964 252 175 259 245 622 Commitments to make industrial loans 1,321 — — 439 443 60 258 121 F.R. notes outstanding 23,611,970 1418,101 5,338,396 1648,402 2094,806 1578,183 1331,210 4516,557 1096,613 617,305 933,845 642,863 2395,68$ Collateral 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 2950,000 400,000 210,000 280,000 204,000 2000,00C Eligible paper 83,086 11,300 39,395 5,150 - 2,301 - - 2,770 10,950 9,420 1/&DC U.S. Govt, securities 10,550,000 1100,000 800,000 1000,000 1150,000 950,000 700,000 1600,000 800,000 450,000 700,000 500,000 "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 159,571 115,901 2,595 38,181 2,894 Industrial loans 2,587 44 8 55 41 956 463 292 728 U.S. Govt, securities 17,597,025 732,786 666,092 2,427,659 3,012,438 1,814,500 1,162,650 786,600 2,656,900 4,337,400 l/ After deducting $609,442,000 participations of other Federal Reserve Banks. 2/ After deducting $4,794,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis