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 20, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 19 member bank reserve balances decreased $210 million. Reductions in member bank reserves resulted from a decrease of $140 million in Reserve Bank credit and increases of $86 million in nonmember deposits and other Federal Reserve accounts, $60 million in Treasury deposits with Federal Reserve Banks, and $6 million in Treasury cash, offset in part b ya decrease of $80 million in money in circulation. Excess reserves of member banks on April 19 were estimated to be approximately $$6o million. Holdings of loans, discounts and advances decreased $23 million and of United States Government securities $187 million, the latter change reflecting decreases of $107 million in bonds, $52 million in certificates and $28 million in bills. Changes in member bank reserve balances and related items during the week and the year ended April 19, 1950 were as follows: Increase or decrease since April 19, April 12, April 20 1950 1950 1949 (In millions of dollars) U. S. Government securities 17,410 -187 -3,878 Loans, discounts and advances 139 - 23 - 315 Other Reserve Bank credit 379 + 70 + 71 Total Reserve Bank credit 17,928 -140 -4,122 Gold stock 24,247 - 77 —— Treasury currency 4,600 + 11 -- Member bank reserve balances 15,786 -210 -3,612 Money in circulation 26,992 - 80 ' - 4l6 Treasury cash 1,319 + 6 - 14 Treasury deposits with F. R. Banks 647 + 60 - 407 Nonmember deposits and other F. R. accounts 2,032 + 86 + 260 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, Apr. 19, Apr. 12, Apt. 20, 11995500 11995500 . 1949 A S S E TS Gold certificates 22,496,431 - 1,998 + 31,999 Redemption fund for F. R. notes 528,093 - 3,248 - 80,206 Total gold certificate reserves 23,024,524 - 5,246 - 48,207 Other cash 243,214 + 2,629 - 40,594 Discounts and advances 136,681 - 22,890 - 316,514 Industrial loans 2,517 70 ++ 11,,880000 U. S. Govt, securities: Bills 3,987,375 - 28,000 -1,015,004 Certificates 5,749,250 - 51,500 -1,162,729 Notes 1,454,000 -»— — +1,069,400 Bonds 66,,221199,,880000 --110077,,110000 --22,,776699,,330000 Total U. S. Government securities 17,410,425 -186,600 -3,877,633 Total loans and securities 17,549,623 -209,560 -4,192,347 Due from foreign banks 33 — -»— 16 F. R. notes of other banks 110,206 + 2,801 - 5,725 Uncollected items 3,027,079 +182,828 + 88,834 Bank premises 34,520 + 46 + 2,362 Other assets 121,511 + 3,009 - 44,107 TOTAL ASSETS 44,110,710 - 23,493 -4,239,800 L I A B I L I T I ES Federal Reserve notes 22,841,566 -- 7744,,885599 -- 445577,,220099 Deposits: Member bank-reserve account 15,785,854 -210,618 -3,611,712 U. S. Treasurer-general account 646,673 + 59,624 - 407,053 Foreign 904,934 + 8,932 + 305,251 Other 356,537 + 75,380 - 137,896 Total deposits 17,693,998 - 66,662 -3,851,410 Deferred availability items 2,648,364 +113,301 + 17,644 Other liabilities including accrued dividends 12,479 485 1,326 TOTAL LIABILITIES 43,196,407 - 28,725 -4,292,301 C A P I T AL A C C O U N TS Capital paid in 215,081 + 57 + 10,802 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 — — — mm mm at Other capital accounts 183,506 + 5,175 + 20,237 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,110,710 - 23,493 -4,239,800 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 56.8# + .2$ + 5.3# Contingent liability on acceptances purchased for foreign correspondents 66,,558866 402 + 1,069 Commitments to make industrial loans 1,348 + 27 1,374 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 19, 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 22,496,431 923,804 6,919,548 1304,131 1606,687 1051,663 1029,356 4435,959 684,216 465,803 852,559 631,601 2591,104 Redemption fund for F. R. notes 528,093 49,771 42,524 45,784 57,131 48,489 38,193 79,690 42,273 22,068 34,261 26,637 41,272 reserves 23,024,524 973,575 6,962,072 1349,915 1663,81 81100,152 1067,549 4515,6497 26,489 487,871 886,820 658,238 2632,376 Other cash 243,214 17,325 55,290 14,079 19,525 16,860 21,301 30,158 12,918 5,020 9,938 9,98l 30,819 Discounts and advances 136,681 4,757 39,122 5,684 30,672 10,366 1,822 11,317 3,608 12,745 8,093 1,453 7,042 Industrial loans 2,517 2,218 1 109 I89 U. S. Govt, securities Bills 3,987,375 274,890 929,425 265,164 369,614 257,608 213,580 604,678 219,948 123,365 185,026 181,007 363,070 Certificates 5,749,250 396,353 1,340,104 382,331 532,932 371,436 307,953 871,862 317,134 177,877 266,783 260,987 523,498 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 Bonds 6,219,800 428,793 1,449,786 413,623 576,551 401,837 333,157 943,220 343,090 192,434 288,617 282,348 566,344 Total U.S.Government securities 17,410,425 1200,275 4,058,231 1157,811 1613,877 1124,818 932,572 2640,256 960,376 538,661 807,896 790,346 1585,306 Total loans and securities 17,549,623 1205,032 4,097,353 1165,713 1644,550 1135,293 934,394 2651,573 963,984 551,595 815,989 791,799 1592,348 Due from foreign banks 33 2 1/ 10 3 3 2 1 5 1 1 1 1 3 F.R.notes of other banks 110,206 4,874 15,827 4,749 6,077 ll,.4o6 14,297 14,840 7,507 3,243 5,875 4,775 13,736 Uncollected items 3,027,079 258,377 609,430 223,793 267,400 239,849 202,782 461,949 159,324 73,670 151,928 134,102 244,475 Bank premises 34,520 1,115 7,819 2,970 4,894 2,483 1,512 3,651 2,035 1,138 2,292 707 3,904 Other assets 121,511 8,173 27,585 7,891 11,151 8,021 6,400 18,671 7,772 3,621 5,832 5,421 10,973 TOTAL ASSETS 44,110,710 2468,473 11,778,386 2769,113 3617,4l8 2514,06 62248,236 7696,496 1880,030 1126,159 1878,675 1605,024 4528,634 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 19, 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 22,841,566 1381,651 5,170,032 1597,404 2018,880 1516,033 1266,992 4433,148 1054,614 606,-491 906,242 608,690 2281,389 Deposits: Member bank-reserve acct. 15,785,854 701,291 5,150,369 767,794 1148,332 638,170 686,102 2487,203 557,127 375,214 740,315 758,821 1775,116 U.S.Treasurer-general acct. 646,673 30,851 137,458 65,022 47,946 41,253 33,978 117,076 35,715 30,135 20,900 34,029 52,310 Foreign 904,934 55,969 1/291,424 71,592 81,436 44,745 37,586 123,496 32,216 22,373 33,111 31,321 79,665 Other 356,537 2,719 273,177 5,824 7,551 5,466 2,344 6,918 8,933 2,584 7,667 1,960 31,394 Total deposits 17,693,998 790,830 5,852,428 910,232 1285,265 729,634 760,010 2734,693 633,991 430,306 801,993 826,131 1938,485 Deferred availability items 2,648,364 236,394 483,540 189,547 227,952 218,987 179,729 400,030 153,983 63,936 133,974 134,729 225,563 Other liabilities including accrued dividends 12,479 882 3,461 683 1,276 630 532 2,148 466 428 430 549 994 TOTAL LIABILITIES 43,196,407 2409,757 11,509,461 2697,866 3533,373 2465,284 2207,263 7570,019 1843,054 1101,161 1842,639 1570,099 4446,431 Capital paid in 215,081 12,099 73,015 15,338 19,931 9,438 8,634 27,330 7,145 4,877 7,675 8,892 20,707 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,l4o Other capital accounts 183,506 12,828 40,442 13,215 17,151 12,216 10,383 25,689 10,192 6,554 9,179 8,853 l6,8o4 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,110,710 2468,473 11,778,386 2769,113 3617,418 2514,066 2248,236 7696,496 1880,030 1126,159 1878,675 1605,024 4528,634 Contingent liability on acceptances purchased for foreign correspondents 6,586 440 |/2,059 525 597 328 275 905 236 164 243 230 584 Commitments to make industrial loans 1,348 — —— 467 442 60 — 258 ——— ——— 121 F.R. notes outstanding 23,575,560 1419,830 5,318,598 1644,650 2093,803 1576,714 1329,546 4506,165 1094,211 615,951 930,731 641,828 2403,533 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 2000,000 Eligible paper 63,446 2,250 26,275 2,500 — 8,376 —- — 2,175 11,750 6,620 3,500 U.S. Govt, securities 10,550,000 1100,000 800,000 1000,000 1150,000 950,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 6l to 91 days to (T 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 136,681 94,236 6,731 33,151 2,563 Industrial loans 2,517 59 5 55 43 883 460 284 728 U.S. Govt, securities 17,410,425 913,260 769,602 2,222,604 2,893,509 1,794,500 1,143,150 786,600 2,656,900 4,230,300 l/ After deducting $613,492,000 participations of other Federa lReserve Banks. 2/ After deducting $4,527,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis