H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) May 4, 1950 CONDITION OF THE FEDERA LRESERVE BANKS During the week ended May 3 member ban kreserve balances increased $88 million. Additions to member bank reserves resulted from a decrease of $155 million in Treasury deposits with Federal Reserve Banks and increases of $51 million in Reserve Bank credit and $2 million in Treasury currency, offset in part by increases of $89 million in money in circulation, $10 million in Treasury cash, and $20 million in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on May 3 were estimated to be approximately $750 million. Holdings of loans, discounts an dadvances decreased $97 million while holdings of United States Government securities increased $71 million, the latter . change reflecting increases of $121 million in bills, $48 million in notes and $8 million in certificates, and a decrease of $106 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended May 3, 1950 were as follows: Increase or decrease since May 3, April 26, May 4, 1950 1950 19^9 (In millions of dollars) U. S. Government securities 17,711 + 71 -3,128 Loans, discounts and advances 123 - 97 - 358 Other Reserve Bank credit 357 + 77 + 100 Total Reserve Bank credit 18,192 + 51 -3,384 Gold stock 24,247 — — - 87 Treasury currency 4,602 + 2 + 10 Member bank reserve balances 15,986 + 88 -3,087 Money in circulation 27,051 + 89 - 396 Treasury cash 1,326 + 10 + 2 Treasury deposits with F. R. Banks 678 -155 - 312 Nonmember deposits and other F. R. accounts 2,000 + 20 + 332 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 May 3, Apr. 26, May 4, 1950 1950 1949 A S S E TS Gold certificates 22,509,431 1 Redemption fund for F. R. notes 523,646 - 2,285 - 79,566 Total gold certificate reserves 23,033,077 - 2,206 - 79,566 Other cash 206,260 - 22,162 - 63,523 Discounts and advances 120,561 - 97,305 - 359,446 Industrial loans 2,536 39 + 1,918 U. S. Govt, securities: Bills 4,319,975 +120,500 - 562,511 Certificates 5,761,250 + 8,000 -1,144,729 Notes 1,531,500 + 47,500 +1,151,400 Bonds 6,098,500 -105,300 -2,572,100 Total U. S. Government securities 17,711,225 + 70,700 -3,127,940 Total loans and securities 17,834,322 - 26,644 -3,485,468 Due from foreign banks 29 20 mm mm F. R. notes of other banks 102,711 - 4,889 1,866 Uncollected items 2,554,756 - 13,619 + 230,405 Bank premises 34,529 51 + 2,085 Other assets 130,042 + 3,321 - 41,476 TOTAL ASSETS 43,895,726 - 66,330 -3,439,429 L I A B I L I T I ES Federal Reserve notes 22,870,115 + 68,658 - 462,028 Deposits: Member bank-reserve account 15,985,607 + 88,016 -3,087,142 U. S. Treasurer-general account 678,120 -155,241 - 312,074 Foreign 996,315 + 82,778 + 464,962 Other 291,014 - 3,813 - 223,007 Total deposits 17,951,056 + 11,740 -3,157,261 Deferred availability items 2,197,533 - 91,128 + 129,705 Other liabilities including accrued dividends 12,746 - 1,631 + 128 TOTAL LIABILITIES 43,031,450 - 12,361 -3,409,456 C A P I T AL A C C O U N TS Capital paid in 215,209 + 49 + 10,842 Surplus (Section 7) 488,173 + 21,46% " Surplus (Section 13b) 27,543 Other capital accounts , 133,351 - 54,018 + 17,723 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,095,726 - 66,330 -3,439,429 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 56.4# .1% + 4.4% Contingent liability on acceptances purchased for foreign correspondents 6,44l + 25 + 959 Commitments to make industrial loans 1,304 + 21 1,133 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 MAY 3, 1950 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Gold certificates 22,509,431 880,265 6,903,238 1276,456 1627,031 1046,126 1026,377 4406,619 687,749 I 687,749 925,081 652,413 2605,813 Redemption fund for I 925,081 F. R. notes 523,646 49,469 41,270 45,206 56,787 47,631 37,933 79,319 42,166 22,025 34,182 26,560 41,098 Total gold certificate reserves 23,033,077 929,734 6,944,508 1321,662 1683,818 1093,757 1064,310 4485,938 729,915 494,288 959,263 678,973 2646,911 Other cash 206,260 16,080 44,627 11,539 17,412 14,000 17,402 24,158 10,381 5,215 8,549 10,245 26,652 Discounts and advances 120,561 10,902 34,507 5,609 17,072 7,846 6,122 9,717 2,383 8,215 9,093 1,953 7,142 Industrial loans 2,536 tm mm mm 22,,224433 1 108 «##*** 184 U. S. Govt, securitiesI Bills 4,319,975 297,819 1,006,952 287,283 400,444 279,096 231,395 655,116 238,294 133,656 200,460 196,105 393,355 Certificates 5,761,250 397,181 1,342,901 383,129 534,045 372,211 308,596 873,682 317,796 178,247 267,339 261,532 524,591 Notes 1,531,500 105,582 356,980 101,846 141,964 98,944 82,033 232,249 84,479 47,383 71,066 69,523 139,451 Bonds 6,098.500 420,430 1,421,512 405,556 565,307 394,000 326.660 924.825 336,400 188,681 282,989 276,841 555,299 Total U.S.Government securities 17,711,225 1221,012 4,128,345 1177,814 1641,760 1144,251 948,684 2685,872 976,969 547,967 821,854 804,001 1612,696 Total loans and securities 17,834,322 1231,914 4,162,852 1185,666 1658,833 1152,205 954,806 2695,589 979,352 556,366 830,947 805,954 1619,838 Due from foreign banks 29 .2 1/ 9 2 3 1 1 4 1 1 1 1 3 F„R.notes of other banks 102,711 4,497 18,329 3,997 5,296 11,101 11,986 15,431 5,711 2,543 5,339 5,531 12,950 uncollected items 2,554,756 210,298 482,707 173,357 228,384 208,380 174,426 405,204 147,858 73,312 137,259 107,506 206,065 Bank premises 34,529 1,111 7,799 2,964 4,884 2,476 1,509 3,628 2,030 1,135 2,286 703 4,004 Other assets 130.042 8.736 29,406 8,351 12,238 8.566 6.882 19.872 8,246 3,892 6,290 5,756 11,807 TOTAL ASSETS 43,895,726 2402,372 11,690,237 2707,-538 3610,868 2490,486 2231,322 7649,824 1883,494 1136,752 1949,934 1614,669 4528,230 1/ After deducting $20,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERfU, RESERVE Mltihti Oft MAY 3, 1950 1.4.1(c) (in thousands of dollars) Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SariFran. I A B I L I T I ES Total 1378,729 5,166,222 1596,768 2021,823 1517,921 1271,720 4437,558 1055,576 606,507 909,255 615,361 2292,675 federal Reserve notes 22,870,115 Deposits: Member "bank-reserve acct. 15,9°5,"07 678,843 5,216,719 758,586 1154,641 650,805 687,450 2497,725 570,682 378,001 815,298 781,109 1795,748 U.S.Treasurer-general acct. 678,120 34,708 111,510 59,074 64,658 35,364 40,167 121,907 49,411 40,930 26,236 44,188 49,967 Foreign 996,315 62,364 1/317,224 79,192 90,081 49,495 41,576 136,606 35,636 24,748 36,626 34,647 88,120 Other 291,014 4,821 ~ 218,145 1,621 4,872 2,981 495 4,513 5,956 1,669 10,152 959 34,830 Total deposits 17,951,056 780,736 5,863,598 898,473 1314,252 738,645 769,688 2760,751 661,685 445,348 888,312 860,903 1968,665 Deferred availability items 2,197,533 186,704 399,874 143,716 193,991 187,658 151,052 330,364 131,462 61,019 118,246 105,218 188,229 Other liabilities including accrued dividends 12,746 929 3,253 740 1,531 649 569 2,149 518 431 487 494 996 TOTAL LIABILITIES 43,031,450 2347,098 11,432,947 2639,697 3531,597 2444,873 2193,029 7530,822 1849,241 1113,305 1916,300 1581,976 4450,565 Capital paid in 215,209 12,098 73,020 15,359 19,934 9>74 8,649 27,333 7,148 4,879 7,678 8,896 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 2,140 Other capital accounts 133,351 9,387 28,802 9,788 12,374 9,011 7,688 18,211 7,466 5,001 6,774 6,617 12,232 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,895,726 2402,372 11,690,237 2707,538 3610,868 2490,486 2231,322 7649,824 1883,494 1136,752 1949,934 1614,669 4528,230 Contingent liability on acceptances purchased for foreign correspondents 6,44% 4o6 2/2,022 515 586 322 271 889 232 161 238 226 573 Commitments to make industrial leans 1,304 ——- ——- TC.T 424 4 -T4TlJ. W " 60 258 121 F. R. notes outstanding 23,523,444 1417,081 5,291,980 1640,833 2088,007 1567,007 1320,094 4516,016 1095,606 615,730 933,773 642,284 2395,033 Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,24$,000 440,000 4,670,00© 750,000 1000,000 670,000 675,000 2950,000 400,000 210,000 280,000 204,000 2000,000 Eligible paper 57,936 8,395 21,870 2,425 5,856 950 7,220 7,620 — 3,600 U.S-. Govt, securitie s10,550,000 1100,000 800,000 1000,000 1*909000 990*000 700*000 $600,000 800,000 450,000 TOO,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 61 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 120,561 7&;786 39,750 3,775 250" Industrial loans 2,536 42 48 4l 52 989 362 278 724 U. S. Govt, securities 17,711,225 1,174,867 1,638,518 3,211,502 1,106,688 1,797,500 1,152,150 854,800 2,666,200 4,109,000 1/ After deducting $679,071,000 participations of other Federa lReserve Banks. 2/ After deducting $4,419,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis