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 27, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 26 member tank reserve balances increased $112 million. Additions to member bank reserves resulted from an increase of $213 million in Reserve Bank credit and decreases of $3 million in Treasury cash, $30 million in money in circulation, and $52 million in nonmember deposits and other Federal Reserve accounts, offset in part by an increase of $186 million in Treasury deposits with Federal Reserve Banks. Excess reserves of member banks on April 26 were estimated to be approximately $6?0 million. Holdings of loans, discounts and advances increased $8l million and of United States Government securities $230 million, the latter change reflecting increases of $212 million in bills, $30 million in notes, and $4 million in certificates, and a decrease of $l6 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended April 26, 1950 were as follows: Increase or decrease since April 26, April 19, April 27, 1950 1950 19^9 (In millions of dollars) U. S. Government securities 17,640 +230 -3,568 Loans, discounts and advances 220 + 81 - 47 + 50 Other Reserve Bank credit 280 - 99 Total Reserve Bank credit 18,141 +213 -3,564 Gold stock 24,247 - 82 Treasury currency 4,600 + 8 Member bank reserve balances 15,898 +112 -3,122 Money in circulation 26,962 - 30 - 39^ Treasury cash 1,316 - 3 - 14 Treasury deposits with F. R. Banks 833 +186 - 313 + 208 Nonmember deposits and other F. R. accounts 1,980 - 52 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.h.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Apr, 26, Apr. 19, Apr. 27 1950 1950 1949 A S S E TS Gold certificates 22,509,432 + 13,001 + 24,999 Redemption fund for F. R. notes 525,931 - 2,162 - 82,351 Total gold certificate reserves 23,035,363 + 10,839 - 57,352 Other cash 228,422 - 14,792 - 57,847 Discounts and advances 217,866 + 81,185 48,104 Industrial loans + 58 + 1,880 2,575 U. S. Govt, securities: Bills 4,199,475 +212,100 - 777,747 Certificates 5,753,250 + 4,000 -1,187,729 Notes 1,484,000 + 30,000 +1,099,400 Bonds 6,203,800 - 16,000 -2,701,500 Total U. S. Government securities 17,640,525 +230,100 -3,567,576 Total loans and securities 17,860,966 +311,343 -3,613,800. Due from foreign banks 29 4 20 F. R. notes of other banks 107,600 - 2,606 - 12,345 Uncollected items 2,568,375 -458,704 + 189,291 Bank premises 34,580 + 60 + 2,099 Other assets 126,721 + 5,210 44,064 TOTAL ASSETS 43,962,056 -148,654 -3,594,038 L I A B I L I T I ES Federal Reserve notes 22,801,457 - 40,109 - 463,883 Deposits: Member bank-reserve account 15,897,591 +111,737 -3,122,570 U. S. Treasurer-general account 833,361 +186,688 - 313,078 Foreign + 8,603 913,537 + 325,829 Other 294,827 61,710 - 210,285 Total deposits 17,939,316 +245,318 -3,320,104 Deferred availability items 2,288,661 -359,703 + 139,860 Other liabilities including accrued dividends + 1,898 803 14,377 TOTAL LIABILITIES 43,043,811 -152,596 -3,644,930 C A P I T AL A C C O U N TS Capital paid in 215,160 + 79 + 10,826 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts , 187,369 + 3,863 + 18,604 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,962,056 -148,654 -3,594,036 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 56.5# - .3# + 4.6# Contingent liability on acceptances purchased for foreign correspondents 6,4l6 170 + 952 Commitments to make industrial loans 1,283 65 1,242 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 26, 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 22,509,432 894,627 6,875,468 1285,606 1641,056 1056,627 1039,915 4438,410 672,206 470,095 863,684 622,840 2648,898 Redemption fund for F. R. notes 525,931 49,587 41,767 45,434 56.934 48,489 38,031 79,472 42,208 22,043 34,211 26,590 4l,l65 Total gold certificate reserves 23,035,363 944,214 6,917,235 1331,040 1697,990 1105,116 Other cash 228,422 16,392 50,827 11,817 20,541 15,970 4,449 9,707 10,709 29,550 Discounts and advances 217,866 13,357 119,647 5,379 19,022 12,296 10,995 8,343 2,393 3,542 Industrial loans 2,575 mm mm mm 2,275 1 111133 l86 ™ — — — — — ee e. * U. S. Govt, securities: Bills 4,199,475 289,512 978,864 279,269 389>275 271,311 Certificates 5,753,250 396,629 1,341,036 382,598 533,303 371,695 Uotes 1,484,000 102,307 345,909 98,687 137,561 95,875 Bonds 6,203,800 427,690 1,446,056 412,559 575,067 400,803 Total U-.S .Government securities 17,640,525 1216,138 4,111,865 1173,113 1635,206 1139,684 944,897 2675,150 973,069 545,780 818,573 800,792 1606,258 Total loans and securities 17,860,966 1229,495 4,231,512 1180,767 1654,229 1152,093 946,619 2685,492 983,897 556,961 826,916 803,185 1609,800 Due from foreign banks 29 2 1/ 9 2 3 1 1 4 1 1 1 1 3 F.R.notes of other banks 107,600 4,908 17,039 4,301 5,945 14,078 12,624 14,677 6,951 2,794 6,008 4,952 13,323 Uncollected items 2,568,375 203,108 472,462 177,701 230,512 209,988 170,719 413,657 139,165 69,623 135,125 133,590 212,725 Bank premises 34,580 1,115 7,819 2,964 4,894 2,476 1,509 3,629 2,034 1,138 2,292 707 4,003 Other assets 126,721 8,526 28,764 8,257 H.69O 8,352 6,675 19.550 8,072 3.803 6.025 5,670 11.337 TOTAL ASSETS 43,962,056 2407,760 11,725,667 2716,849 3625,804 2508,074 2235,732 7681,250 1866,996 1130,907 1883,969 1608,244 4570,804 1/ After deducting $20,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATKMiarr OF COHDITX0H OF 'l'Hti FiStiERAT. KKBEKVJi "BMSWCC US/AERIT, ;26, X9">0 (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. Dalla.B SanFran. Federal Reserve notes 22,801,457 1379,208 5,158,417 1599,080 2022,277 1507,044 1260,927 4431,379 1050,027 604,992 902,928 608,857 22?6,3%i Deposits: Member bank-reserve acct. 15,897,591 666,286 5,235,902 748,382 1149,212 655,114 675,672 2524,112 564,593 369,309 730,942 757,038 1821,025 U.S.Treasurer-general acct. 833,361 52,819 140,355 69,987 74,981 53,277 60,961 117,665 44,709 46,548 49,873 46,704 75,482 Foreign 913,537 56,700 1/296,118 72,000 81,900 45,000 37,800 124,200 32,400 22,500 33,300 31,500 80,11$ Other 294,827 4,538 216,853 4,467 5,054 3,852 6,352 5,206 6,086 1,023 8,372 1,129 jl.895 Total deposits 17,939,316 780,343 5,889,228 894,836 1311,147 757,243 780,785 2771,183 647,788 439,380 822,487 836,371 2008,525 Deferred variability items 2,288,661 188,326 403,549 150,669 206,546 194,035 152,230 349,518 131,439 60,976 121,828 127,281 202,264 Other liabilities including accrued dividends 14,377 902 4,639 765 l,4l8 709 609 2,092 553 448 495 637 1.110 TOTAL LIABILITIES 43,043,811 2348,779 11,455,833 2645,350 3541,388 2459,031 2194,551 7554,172 1829,807 1105,796 1847,738 1573,146 4488,220 Capital paid in 215,160 12,098 73,017 15,338 19,930 9,469 8,641 27,330 7,145 4,879 7,677 8,895 20,741 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 187,369 13,094 41,349 13,467 17,523 12,446 10,584 26,290 10,405 6,665 9,372 9,023 17,151 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,962,056 2407,760 11,725,667 2716,849 3625,804 2508,074 2235,732 7681,250 1866,996 1130,907 1883,969 1608,244 4570,804 Contingent liability on acceptances purchased for foreign correspondents 6,4l6 4o4 2/2,014 513 584 321 270 886 231 160 237 225 571 Commitments to make industrial loans 1,283 ~— ——— 403 441 60 ——— 258 —— - — 121 F.R. notes outstanding 23,523,111 1417,830 5,305,556 1639,149 2084,462 1564,359 1322,215 4508,520 1096,721 616,351 930,852 641,547 2395,547 Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,249,000 44o,ooo 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 155,941 10,850 106,375 2,145 — 10,306 — — 9,395 10,000 6,870 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 l6 to 31 to 6l to 91 days to 6months 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 217,066 174,366 32,225 10,805 "470 Industrial loans 2,575 50 5 53 43 956 457 284 727 U.S. Govt, securities 17,640,525 968,937 723,025 2,23,7337,38,18111 2,924,59,4350,2302 1,798,500 1,143,150 811,600 2,661,900 4,214,300 1/ After deducting $617,400,000 participations of other Federal Reserve Banks. 2/ After deducting $k,h02,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis