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 18, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 1J member bank reserve balances increased $2l6 million. Additions to member 'bank reserves resulted from decreases of $107 million in Treasury deposits with Federal Reserve Banks, $6l million in money in circulation, $24 million in Treasury cash, and $22 million in nonmember deposits and other Federal Reserve accounts, and an increase of $23 million in Reserve Bank credit, offset in part by a decrease of $19 million in gold stock. Excess reserves of member banks on May 17 were estimated to be approximately $880 million. Holdings of loans, discounts and advances decreased $11 million and of United States Government securities $190 million, the latter change reflecting decreases of $164 million in bills and $65 million in bonds and increases of $23 million in certificates and $16 million in notes. Changes in member bank reserve balances and related items during the week and the year ended May 17, 1950, were as follows: Increase or decrease since May 17, May 10, May 18 1950 1950 1949 (In millions of dollars) U. S. Government securities 17,401 -190 -2,305 Loans, discounts and advances 82 - 11 - 692 Other Reserve Bank credit 518 +224 + 263 Total Reserve Bank credit 18,001 + 23 -2,734 Gold stock 24,230 - 19 - 108 Treasury currency 4,601 - 1 + 10 Member bank reserve balances 16,123 +216 -2,179 Money in circulation 26,980 - 61 - 412 Treasury cash 1,294 - 24 - 19 - 600 Treasury deposits with F. R. Banks 426 -107 Nonmember deposits and other F. R. accounts 2,009 - 22 + 377 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.J*.1(d) OF titE TWELVE FgDERAt RESERVE BANKS COMBINED (in tjioueinds df dollars) Increase or decrease . since May 17, May 10, May 18, 1950 1950 1949 A S S E TS Gold certificates 22,513,432 - 10/998 3,997 Redemption fund for F. R. notes 524,645 + 999 - 47,203 Total gold certificate reserves 23,038,077 - 9,999 ~81,200 Other cash 204,853 + 12,721 - 69,117 Discounts and advances 79,470 - 11,005 - 693,499 Industrial loans 2,541 22 + 1,904 U. S. Govt, securities: Bills 4,099,275 - 164,200 - 89,753 Certificates 5,771,150 + 22,900 - 946,650 Notes 1,619,400 + 16,000 +1,260,300 Bonds 5,910,700 - 65,400 -2,529,700 Total U. S. Government securities 17,400,525 - 190,700 -2,305,803 Total loans and securities 17,482,536 - 201,727 -2,997,398 Due from foreign banks ~ 29 20 F. R. notes of other banks 110,537 + 13,121 + 9,867 Uncollected items 3,253,076 + 727,137 + 531,374 Bank premises 34,730 + 135 + 2,269 Other assets 136,556 + 4,423 - 41,512 TOTAL ASSETS 44,260,394 + 545,811 -2,645,737 L I A B I L I TI E S Federal Reserve notes 22,795,637 - 49,079 - 474,257 Deposits: Member bank-reserve account 16,123,351 + 216,397 -2,178,192 U. S. Treasurer-general account 425,835 - 107,062 - 599,748 Foreign 1,022,177 + 4,215 + 528,175 Other 270,891 - 240,398 Total deposits 17,842,254 -2,490,163 Deferred availability items 2,735,013 + 503,053 + 268,394 Other liabilities including accrued dividends 13,120 - . 772 + 838 TOTAL LIABILITIES 43,386,024 + 541,469 -2,695,188 C A P I T AL A C C O U N TS Capital paid in ~ 215,767 104 + 11,337 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts .. 1)2,887 + 4,238 + 16,652 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,260,394 + 545,811 -2,645,737 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 56.7# .vf> + 3.7# Contingent liability on acceptances purchased for foreign correspondents 5,385 - 182 - 371 Commitments to make industrial loans 1,306 + 17 - 1,082 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(D) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 17, 1950 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Gold certificates 22,513>32 888,981 6,932,387 1 1 11662222,,881177 Redemption fund for F. R. notes 524,645 49,469 41,270 46,206 56,786 Total gold certificate reserves 23,038,077 938,450 6,973,657 iH 8 Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. 26,560 41,098 1679,603 723,272 496,434 943,022 659,133 2701,137 Other cash 204,853 17,507 43,204 12,507 13,709 11,672 4,622 9,350 10,082 26,140 Discounts and advances 79,470 13,657 22,717 4,809 4,622 4,690 4,772 9,817 2,933 995 5,423 1,393 3,642 Industrial loans 2,541 mm mm mm 2,239 1 121 ——— ...... 180 U. S. Govt, securities: Bills •4,099,275 282,604 955,508 272,606 379,986 226,120 126,827 190,219 186,087 373,259 Certificates 5,771,150 397,863 1,345,209 383,787 534,963 318,342 178,554 267,799 261,981 525,493 Notes 1,619,400 111,641 377,469 107,692 150,112 89,328 50,103 75,145 73,513 147,454 Bonds 5,910,700 407,484 1,377,737 393,067 547,898 326,040 182,871 274,274 268,316 538,199 Total U.S.Government securities 17,400,525 1199,592 4,055,923 1157,152 1612,959 1124,178 932,042 2638,755 959,830 538,355 807,437 789,897 1584,405 Total loans and securities 17,482,536 1213,249 4,078,640 1164,200 1617,582 1128,989 936,814 2648,572 962,763 539,530 812,860 791,290 1588,047 Due from foreign banks 29 2 1/ 9 2 3 1 1 4 1 11 1 3 F.R.notes of other banks 110,537 5,025 217757 4,280 5,640 10,956 12,405 15,541 8,193 3,082 6,093 4,650 12,915 Uncollected items 3,253,076 250,523 604,792 218,105 324,979 269,979 218,832 543,613 173,603 82,061 167,317 148,74? 250,525 Bank premises 34,730 1,111 7,806 2,964 4,88l 2,488 1,509 3,751 2,031 1,135 2,286 703 4,065 Other assets 136,556 9,1?6 30,870 8,798 12,784 8,926 7,261 20,677 8,647 4,128 6,671 6,l4l 12^77 TOTAL ASSETS 44,260,394 2435,043 11,760,735 2729,708 3659,181 2551,890 2240,276 7698,730 1890,182 1130,993 1947,600 1620,747 4595,309 1/ After deducting $20,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH MAY 17, 1950 H.4.1(c) (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 22,795,637. 1375,444 5,139,047 1600,789 2025,904 1511,197 1258,530 4436,732 1050,582 605,030 902,465 607,965 2281,952 Deposits: Member bank-reserve acct. 16,123,351 671,569 5,271,118 777,762 1195,434 669,951 673,008 2501,326 575,107 371,032 798,230 771,039 1847,77= U.S.Treasurer-general acct. 425,835 34,084 55,959 35,325 22,571 31,847 34,603 48,377 27,681 33,659 30,966 32,926 37,831 Foreign 1,022,177 64,l4o 1/323,740 81,448 92,647 50,905 42,760 140,498 36,652 25,453 37,670 35,634 90,63c Other 270,891 3,157 205,189 1,339 4,364 2,881 501 3,364 5,602 1,138 9,309 578 33,46c Total deposits 17,842,254 772,950 5,856,006 895,874 1315,016 755,584 750,872 2693,565 645,042 431,282 876,175 840,177 2009,711 Deferred availability items 2,135,013 229,745 502,746 163,786 236,660 238,239 191,484 445,404 159,237 70,500 134,400 138,783 224,025 Other liabilities including accrued dividends 13,120 934 3,451 744 l,4o4 643 581 2,195 517 439 495 598 1,119 TOTAL LIABILITIES 43,386,024 2379,073 11,501,250 2661,193 3578,984 2505,663 2201,467 7577,896 1855,378 1107,251 1913,535 1587,523 4516,811 Capital paid in 215,767 12,099 73,029 15,374 19,944 9,475 8,658 27,732 7,150 4,882 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 42,55; 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,i4d Other capital accounts 142,887 10,082 30,988 10,447 13,290 9,624 8,195 19,644 8,015 5,293 7,205 7,053 13,051 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,260,394 2435,043 11,760,735 2729,708 3659,181 2551,890 224o,$76 7698,730 1890,182 1130,993 1947,600 1620,747 4595,30$ Contingent liability on acceptances purchased for foreign correspondents 5,385 339 2/1,691 431 490 269 226 74; 194 135 199 189 475 Commitments to make industrial loans 1,306 --- —- 431 44l 60 256 ll£ F.R. notes outstanding 23,529,677 1416,907 5,276,176 1643,439 2095,865 1570,635 1319,073 4518,288 1093,929 617,376 931,098 642,179 2404,71: Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,2 49,000 440,000 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 31,245 11,150 10,220 1,625 2,700 --- —- 1,500 3,950 — 10C U.S. Govt, securities 10,5 50,000 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 I year years years 5 fears Discounts and advances 79,470 72,895 2,561 3,564 450 Industrial loans 2,541 43 16 43 52 1,024 366 271 726 U.S. Govt, securities 17,400,525 2,119,993 573,186 3,007,509 1,268,187 2,234,200 1,130,550 937,700 2,208,000 3,921,200 l/ After deducting $698,417,000 participations of other Federal Reserve Banks. 2/ After deducting $3,694,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis