H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U.I (For Immediate Release) May 25, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 24 member bank reserve balances decreased $201 million. Reductions in member bank reserves resulted from a decrease of $318 million in Reserve Bank credit and an increase of $2 million in Treasury deposits with Federal Reserve Banks, offset in part by decreases of $72 million in money in circulation, $2 million in Treasury cash, and $45 million in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on May 24 were estimated to be approximately $630 million. Holdings of loans, discounts and advances increased $27 million, while holdings of United States Government securities decreased $111 million, the latter change reflecting decreases of $103 million in bills and $57 million in bonds, and increases of $44 million in certificates and $5 million in notes. Changes in member bank reserve balances and related items during the week and the year ended May 24, 1950, were as follows: Increase or decrease since May 24, May 17, May 25, 1950 1950 1949 (In millions of dollars) U. S. Government securities 17,290 -111 -2,401 - 63 Loans, discounts and advances 109 + 27 Other Reserve Bank credit 285 -233 + 100 Total Reserve Bank credit 17,683 -318 -2,365 Gold stock 24,230 "» - - 109 Treasury currency 4,601 - "• + 10 Member bank reserve balances 15,922 -201 -2,105 Money in circulation 26,908 - 72 - 459 Treasury cash 1,292 - 2 20 Treasury deposits with F. R. Banks 428 + 2 - 240 Nonmember deposits and other F. R. 1,964 - 45 + 359 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 May 24, May 17, May 25, 1950 1950 1949 A S S E TS Gold certificates 22,499,431 - 14,001 30,000 Redemption fund for F. R. notes 521,590 - 3,055 - 65,548 Total gold certificate reserves 23,021,021 - £ 0 <0 - 95,548 Other cash 211,172 + 6,319 - 65,694 Discounts and advances 106,090 + 26,620 - 65,100 Industrial loans 2,585 + 44 + 1,958 U. S. Govt, securities: Bills 3,995,875 - 103,400 -- 221177,,776600 Certificates 5,814,650 + 43,500 - 933,150 Notes 1,625,200 + 5,800 +1,266,100 Bonds 55,,885544,,330000 - 56,400 -2,516,300 Total U. S. Government securities 17,290,025 - 110,500 --22,,440011,,111100 Total loans and securities 17,398,700 - 83,836 -2,464,252 Due from foreign banks 29 — 20 F. R. notes of other banks 111,496 + 959 + 12,589 Uncollected items 2,644,879 - 608,197 + 331,996 Bank premises 34,867 + 137 + 2,430 Other assets 140,307 + 3,751 - 41,573 TOTAL ASSETS 43,562,471 - 697,923 -2,320,072 L I A B I L I T I ES Federal Reserve notes 22,712,503 - 83,134 - 528,417 Deposits: Member bank-reserve account 15,922,110 - 201,241 -2,104,560 U. S. Treasurer-general account 428,221 + 2,386 - 239,307 Foreign 969,258 - 52,919 + 486,649 Other 276,310 + 5,419 - 219,048 Total deposits 17,595,899 - 246,355 -2,076,266 Deferred availability items 2,360,373 - 374,640 + 232,548 Other liabilities including accrued dividends 15,127 + 2,007 + 2,249 TOTAL LIABILITIES 42,683,902 - 702,122 -2,369,886 C A P I T AL A C C O U N TS Capital paid in 215,808 41 + 11,347 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts 147,045 4,158 + 17,005 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,562,471 - 697,923 -2,320,072 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 57.1% + + 3.2# Contingent liability on acceptances purchased for foreign correspondents 5,426 + 4l 339 Commitments to make industrial loans 1,292 14 1,081 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 24, I95O (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 22,499,431 879,068 6,873,977 1286,141 1635,397 1062,788 1018,473 4445,843 679,743 467,355 868,082 631,441 2651,123 Redemption fund for F. R. notes 521,590 51,206 38,513 45,753 5566,,553366 4477,,223399 37,721 79,005 4422,,009922 2211,,999988 3344,,005599 2266,,550022 4400,,996666 Total gold certificate reserves 23,021,021 930,274 6,912,490 1331,894 1691,933 1110,027 1056,194 4524,848 721,835 489,353 990022,,114411 657,943 2692,089 Other cash 211,172 16,771 41,780 15,233 17,858 14,204 17,870 23,328 13,037 3,738 10,242 9,176 27,935 Discounts and advances 106,090 11,812 22,597 3,909 18,157 6,575 3,742 9,247 7,443 10,620 6,313 2,968 2,707 Industrial loans 2,585 *•*»«* — — — 2,276 1 112 --- 196 --- - —- --- 0. S. Govt, securities: Bills 3,995,875 275,476 931,406 265,730 370,402 258,158 214,035 605,966 220,416 112233,,662288 185,421 181,393 363,844 Certificates 5,814,650 400,862 1,355,349 386,680 538,994 375,660 311,456 881,781 320,742 179,900 269,817 263,956 529,453 Notes 1,625,200 112,041 378,821 108,077 150,650 104,998 87,052 246,458 89,648 50,282 75,414 73,776 147,983 Bonds 5,854,300 403,595 1,364,591 389,317 542,670 378,223 313,580 887,793 322,929 181,126 271,657 265,756 533,063 Total U.S.Government securities 17,290,025 1191,974 4,030,167 1149,804 1602,716 1117,039 926,123 2621,998 953,735 534,936 802,309 784,881 1574,343 Total loans and securities' 17,398,700 1203,786 4,052,764 1155,989 1620,874 1123,726 929,865 2631,245 961,178 545,752 808,622 787,849 1577,050 Due from foreign banks 29 2 1/ 9 2 3 1 1 4 1 1 1 1 3 F.R.notes of other banks 111,496 5,810 19,127 5,709 5,978 11,082 13,081 16,039 9,149 3,506 5,067 4,572 12,376 Uncollected items 2,644,879 206,971 498,030 180,142 261,494 224,974 175,612 417,636 144,372 68,031 134,675 128,777 204,165 Bank premises 34,867 1,111 7,806 2,959 4,871 2,479 1,508 3,752 2,030 1,135 2,286 703 4,227 Other assets 140,30? 9.449 31,843 8,969 13,054 9,321 7,485 21,338 8,872 4,207 6,700 6,328 12,741 TOTAL ASSETS 43,562,471 2374,174 11,563,849 2700,897 3616,065 2495,814 2201,616 7638,190 1860,474 1115,723 1869,734 1595,349 4530,586 l/ 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 24, I95O (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 22,712,503 1372,165 5,120,873 1604,590 2023,381 1497,764 1250,295 4424,824 1044,196 602,882 899,194 604,128 2268,211 Deposits: Member bank-reserve acct. 15,922,110 658,389 5,156,115 760,278 1173,274 668,592 687,563 2527,959 575,925 380,083 738,793 763,729 l831,4ic U.S.Treasurer-general acct. 428,221 28,625 64,543 31,056 31,624 32,152 25,528 57,632 28,805 23,574 31,433 32,272 40,977 Foreign 969,258 60,719 1/308,072 77,104 87,706 48,190 40,480 133,004 34,697 24,095 35,661 33,733 85,797 Other 276,310 3,771 211,158 1,172 4,224 1,965 610 4,650 4,988 988 8,451 552 33,781 Total deposits 17,595,899 751,504 5,739,888 869,610 1296,828 750,899 754,181 2723,245 644,415 428,740 814,338 830,286 1991,965 Deferred availability items 2,360,373 193,305 437,907 157,073 213,7^2 199,922 157,447 366,457 136,220 59,795 121,368 126,838 190,299 Other liabilities including accrued dividends 15,127 992 4,765 823 1,520 722 665 2,200 597 429 517 673 1,224 TOTAL LIABILITIES 42,683,902 2317,966 11,303,433 2632,096 3535,471 2449,307 2162,588 7516,726 1825,428 1091,846 1835,417 1561,925 4451,699 Capital paid in 215,808 12,100 73,029 15,375 19,950 9,485 8,658 27,737 7,154 4,883 7,680 9,002 20,755 Surplus (Section 7) 408,173 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 147,045 10,319 31,919 10.732 13,681 9,894 8,414 20,269 8,253 5,427 7,455 7,242 13,440 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 43,562,471 2374,174 11,563,849 2700,897 3616,065 2495,814 2201,616 7638,190 1860,474 1115,723 1869,734 1595,349 4530,586 Contingent liability on acceptances purchased for foreign correspondents 5,426 342 2/ 1,704 434 494 271 228 749 195 135 201 190 483 Commitments to make industrial loans 1j292 — — — —- — 408 440 60 256 128 F.R. notes outstanding 23,456,486 1409,718 5,264,160 1637,613 2096,020 1557,322 1309,817 4509,989 1094,014 6l4,4o6 925,861 637,624 2399,942 Collateral for F.ft. 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 54,165 10,250 14,210 1,925 — 5,335 6,550 10,000 5,395 — 500 U.S. Govt, securities 10,450,000 1100,000 700,000 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 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 106,090 84,801 4,374 1,365 550 15,000 Industrial loans 2,585 53 5 42 52 1,056 372 276 729 U.S. Govt, securities 17,290,025 2,052,384 606,477 2,935,202 1,355,412 2,199,200 1,125,050 943,500 2,208,000 3,864,800 l/ After deducting $661,167,000 participations of other Federal Reserve Banks. 2/ After deducting $3,722,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louisk