H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) May 11, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 10 member bank reserve balances decreased $79 million. Reductions in member bank reserves resulted from a decrease of $214 million in Reserve Bank credit and an increase of $31 million in nonmember deposits and other Federal Reserve accounts, offset in part by decreases of $10 million in money in circulation, $8 million in Treasury cash, and $145 million in Treasury deposits with Federal Reserve Banks, and an increase of $2 million in gold stock. Excess reserves of member banks on May 10 were estimated to be approximately $?60 million. Holdings of loans, discounts and advances decreased $30 million and of United States Government securities $120 million, the latter change reflecting decreases of $57 million in bills, $13 million in certificates, and $122 million in bonds, and an increase of $72 million in notes. Changes in member bank reserve balances and related items during the week and the year ended May 10, 1950, were as follows: Increase or decrease since May 10, May 3, May 11 1950 1950 1949 (In millions of dollars) U. S. Government securities 17,591 -120 -2,539 Loans, discounts and advances 93 - 30 ' - 110 Other Reserve Bank credit 294 - 63 + 69 Total Reserve Bank credit 17,978 -214 -2,581 Gold stock 24,249 + 2 - 86 Treasury currency 4,602 + 10 Member bank reserve balances 15,907 - 79 -2,257 Money in circulation 27,041 - 10 - 411 Treasury cash 1,318 - 8 + 4 Treasury deposits with F. R. Banks 533 -145 - 380 Nonmember deposits and other F. R. accounts 2,031 + 31 + 389 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

8.4.1(a) i STATEMENT OF CONDITION, OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since May 10, May 3, May 11, 1950 , 1950 1949 A S S E TS Gold certificates 22,524,430 + 14,999 + 4,999 Redemption fund for F. R. notes 523,646 ——— - 79,532 Total gold certificate reserves 23,048,076 + 14,999 - 74,533 Other cash 192,132 - 14,128 - 73,958 Discounts and advances „ 90,475 30,086 - 112,285 Industrial loans 2,563 + 27 + 1,917 U. S. Govt, securities: Bills 4,263,475 - 56,500 - 192,261 Certificates 5,748,250 - 13,000 - 983,129 Notes 1,603,400 + 71,900 +1,241,800 Bonds 5,976,100 122,400 -2,605,100 - Total U. S. Government securities 17,591,225 120,000 -2,538,690 - Total loans and securities 17,684,263 - 150,059 -2,649,058 Due from foreign banks 29 «• — •» 20 F. R. notes of other banks 97,416 - 5,295 4,068 Uncollected items 2,525,939 - 28,817 + 107,616 Bank premises 34,595 + 66 + 2,147 Other assets 132,133 + 2,091 - 42,568 TOTAL ASSETS 43,714,583 - 181,143 -2,734,442 L I A B I L I T I ES Federal Reserve notes 22,844,716 - 25,399 - 485,245 Deposits: Member bank-re serv eaccount 15,906,954 - 78,653 -2,257,018 U. S. Treasurer-general account 532,897 - 145,223 - 379,820 Foreign 1,017,962 + 21,647 + 517,527 Other 296,174 + 5,160 - 220,808 Total deposits 17,753,987 - 197,069 -2,340,119 Deferred availability items 2,231,960 + 34,427 + 38,857 Other liabilities including accrued dividends 13,892 + 1,146 + 1,493 TOTAL LIABILITIES 52,844^555 - 186,895 -2,785!014 C A P I T AL A C C O U N TS Capital paid in 215,663 454 + 11,277 Surplus (Section 7) 488,173 — + 21,462 Surplus (Section 13b) 27,543 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,714,583 - 181,143 -2,734,442 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 56.8$ + .4% + 3.6# Contingent liability on acceptances purchased for foreign correspondents 5,567 874 + 27 Commitments to make industrial loans 1,289 15 1,112 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 10, 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. Redenption^fun^for ^2,524,430 887,445 6,874,451 1258,058 1625,819 1086,473 1025,884 4460,574 671,312 471,245 893,731 636,222 2633,216 F. R. notes 523.646 49.469 .^7 -tj., \jyKJ Total gold certificate reserves 23,048,076 936,914 6,915,721 1303,264 1682,605 1134,104 1063,817 4539,893 713,479 493,270 927,913 662,782 2674,314 Other cash 192,132 17,006 39,194 11,623 17,671 11,605 16,605 23,361 9,395 3,956 6,934 9,545 25,237 Discounts and advances 90,475 9,957 26,052 5,529 15,122 5,030 4,722 11,817 3,033 1,195 2,923 1,453 3,642 Industrial loans 2,563 2,262 1 117 183 U. S. Govt, securities: Bills 4,263,475 293,924 993,782 283,525 395,207 275,446 228,369 646,547 235,178 131,908 197,838 193,540 388,211 Certificates 5,748,250 396,285 1,339,871 382,264 532,840 371,372 307,899 871,711 317,078 177,845 266,736 260,943 523,406 B N o o n t d e s s 1 5, , 9 6 7 0 6 3 . , 1 4 0 0 0 0 4 11 1 0 1 , ,9 5 9 3 2 8 1,3 3 9 7 2 3 , , 9 7 8 4 1 0 1 39 0 7 6 , ,6 4 2 1 8 7 1 5 4 5 8 3 , , 6 9 2 6 9 0 1 3 0 8 3 6 , ,0 5 9 8 2 9 3 8 2 5 0 , , 8 1 8 0 4 4 2 9 4 0 3 6 , , 1 2 5 6 2 4 3 8 2 8 9 , , 4 6 4 4 5 8 1 4 84 9 , ,6 8 0 9 8 4 27 7 7 4 , ,4 3 0 0 3 9 2 7 7 2 1 , ,2 7 8 8 5 6 1 5 4 4 5 4, , 1 9 5 9 4 8 Total U«S*Ck>vernment securities 17,591,225 1212,739 4,100,374 1169,834 1630,636 1136,499 942,256 2667,674 970,349 544,255 816,286 798,554 1601,769 Total loans and securities 17,684,263 1222,696 4,126,426 1177,625 1645,759 ll4l,646 946,978 2679,491 973,382 545,633 819,209 800,0(77 1605,411 A Due from foreign banks 29 2 i / 9 2 3 1 l 4 l l i i* sr ""if I I il if il II11111111 *1 - 1 II TOTAL ASSETS 43,714,583 2395,651 11,599,186 2676,072 3591,608 2519,391 2230,802 7693,100 1867,340 1119,632 1897,377 1591,381 4533,043 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) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 10, 1950 (In thousands of dollars) SS Mass? 20^9 6mVM &grn esssw L I A B I L I T I ES Total Boston Federal Reserve, notes 22,844,716 1378,902 Deposits: Member bank-reserve acct. 15,906,954 665,221 5,149,466 746,455 1150,546 ,102 686,162 2548,907 569,802 371,741 759,392 780,428 1801,732 U. S.Treasurer-general acct. 532,897 37,407 86,526 35,047 45,507 35,807 31,504 94,312 28,531 28,927 36,301 22,538 50,490 Foreign 1,017,962 63,762 1/323,641 80,968 92,101 50,605 42,508 139,670 36,436 25,303 37,448 35,424 90,096 Other ^ u , X | -r 9 —' — * ~ 1 v r V-I.V Total deposits 17,753,987 771,203 5,780,691 864,178 1292,967 766,390 762,659 2787,230 640,879 427,417 843,751 838,958 1977,664 Deferred availability it 2,231,960 188,946 409,892 141,221 188,184 192,355 162,823 347,907 138,383 60,812 112,613 106,898 181,926 Other liabilities including accrued dividends 13,892 966 3,656 808 1,298 714 611 2,142 554 886 484 544 1,229 TOTAL LIABILITIES 42,844,555 2340,017 11,340,672 2607,854 3511,839 2473,443 2192,218 7573,018 1832,748 1096,026 1863,421 1558,354 4454,945 Capital paid in 215,663 12,098 73,036 15,374 19,937 9,474 8,658 27,633 7,149 4,880 7,678 8,991 20,755 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,oil 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o Other capital accounts 138,649 9,747 30,010 10,150 12,869 9,346 7,970 18,991 7,804 5,159 7,096 6,856 12,651 TOTAL LIABILITIES AND , , CAPITAL ACCOUNTS 43,714,583 2395,651 11,599,186 2676,072 3591,608 2519,391 2230,802 7693,100 1867,340 1119,632 1897,377 1591,381 4533,043 a Contingent liability on acceptances purchased for foreign correspondents 5,567 351 2/1,748 445 507 278 234 768 200 139 206 195 496 Commitments to make industrial loans 1,289 —~ 413 441 60 --- 257 — — — — — — 118 F.R, notes outstanding 23,542,8911412,705 5,294,585 1636,297 2096,694 1568,322 1324,716 4513,271 1099,412 617,265 934,547 64i,4l6 2403,661 Collateral for F.R. notes held by F.R. Agents: 210,000 280,000 750,000 1000,000 670,000 675,000 2950,000 400,000 Gold certificates 14,249,000 440,000 4,670,000 - Eligible paper 26,350 7,450 10,165 2,345 —- 3,040 — — 1,600 U.S. Govt, securities 10,550,000 1100,000 800,000 1000,000 1150,000 950,000 700,000 1600,000 800,000 CVI 0 8 O 2000,000 200 1,450 — — — 100 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 6l to 91 days to 6 months 1 to 2 2 to ; Over Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 90~575 76,425 9,826 3,674 —5W Industrial loans 2,563 14 48 42 53 1,036 368 278 724 J.S. Govt, securities 17,591,225 1,083,852 1,698,234 3,063,938 1,.2 2.9.,.0 511 ,786,500 1,150,150 921,700 2,671,200 3,986,600 l/ After deducting $694,301,000 participations of other Federal Reserve Banks. 2/ After deducting $3,819,000 participations of other Federal Reserve Backs. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis