H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) June 8, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 7 member bank reserve balances increased $253 million. Additions to member bank reserves resulted from an increase of $208 million in Reserve Bank credit and decreases of $116 million in Treasury deposits with Federal Reserve Banks and $9 million in money in circulation, offset in part by an increase of $82 million in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on June 7 were estimated to be approximately $750 million. Holdings of loans, discounts and advances decreased $212 million while holdings of United States Government securities increased $283 million, the latter change reflecting increases of $1,354 million in notes and $53 million in bills, and decreases of $1,04? million in certificates and $77 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended June 7, 1950, were as follows: Increase or decrease since June 7, May 31, June 8 1950 1950 1949 (In millions of dollars) U. S. Government securities 17,672 +283 -1,922 Loans, discounts and advances 97 -212 - 61 Other Reserve Bank credit 374 +138 + 170 Total Reserve Bank credit 18,143 +208 -1,813 Gold stock 24,232 + 1 - 149 Treasury currency outstanding 4,605 -• 1 + 9 Member bank reserve balances 16,067 +253 -2,103 Money in circulation 27,079 - 9 - 405 Treasury cash holdings 1,309 - 1 6 Treasury deposits with F. R. Banks 472 -116 + 94 Nonmember deposits and other F. R. accounts 2,054 + 82 + 469 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 June 7, May 31, June 8, 1950 • 1950 1949 A S S E TS Gold certificates 22,473,429 - 3,999 96,000 Redemption fund for F. R. notes 524,630 + 4,000 64,122 Total gold certificate reserves 22,998,059 + 1 - 160,122 Other cash 179,498 - 2,686 - 78,779 Discounts and advances 94,284 - 212,115 - 62,759 Industrial loans 2,607 + 22 + 2,029 U. S. Govt, securities: Bills 4,121,875 + 53,000 80,260 Certificates 4,827,150 -1,047,700 -2,002,950 Notes 2,997,700 +1,354,000 +2,638,600 Bonds 5,725,600 - 76,300 -2,476,700 Total U. S. Government securities 17,672,325 + 283,000 -1,921,310 Total loans and securities 17,769,216 + 70,907 -1,982,040 Due from foreign banks 33 l6 F. R. notes of other banks 102,310 + 8,283 + 1,619 Uncollected items 2,597,120 + 223,917 + 271,178 Bank premises 34,953 + 149 + 2,536 Other assets 133,902 - 10,440 - 45,119 TOTAL ASSETS 43,815,091 + 290,131 -1,990,743 L I A B I L I T I ES Federal Reserve notes 22,830,848 4,885 - 507,668 Deposits: Member bank-reserve account 16,066,982 253,150 -2,103,451 U. S. Treasurer-general account 471,618 115,908 + 93,157 Foreign 1,050,808 62,828 + 568,845 Other 270,002 3,899 - 193,624 Total deposits 17,859,410 203,969 -1,635,073 Deferred availability items 2,222,887 85,948 + 101,359 Other liabilities including accrued dividends 14,733 + 469 + 888 TOTAL LIABILITIES 42,927,878 + 285,501 -2,040,494 C A P I T AL A C C O U N TS Capital paid in 216,039 + 182 + 11,530 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts 155,458 + 4,448 + 16,759 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,815,091 + 290,131 -1,990,743 Ratio of gold certificate reserves to deposit and F. R note liabilities combined 56.5# - + 2.4$ Contingent liability on acceptances purchased for foreign correspondents 5,213 - + 298 Commitments to make industrial loans 1,225 - 61 1,101 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 JUNE 7, I95O (In Sbouseiids of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 22,473,429 881,442 6,934,620 1238,114 1649,244 1046,942 1019,312 4413,14? 668,089 470,048 863,124 629,529 2659,818 Redemption fund for F. R. notes 524,630 51,058 37,933 46,478 56,380 47,989 37,596 81,826 42,039 21,979 34,021 26,465 40,866 Total gold certificate reserves 22,998,059 932,500 6,972,553 1284,592 1705,624 1094,931 1056,908 4494,973 710,128 492,027 897,145 655,994 2700,684 Other cash 179,498 15,006 33,457 13,327 15,371 11,661 16,166 23,173 11,117 3,267 7,242 9,133 20,578 Discounts and advances 94,284 14,482 24,092 3,212 20,315 5,230 1,035 12,152 1,613 885 7,563 979 2,726 Industrial loans 2,607 2,284 l 119 203 U. S. Govt, securities: Bills 4,121,875 284,162 960,776 274,109 382,081 266,298 220,784 625,074 227,367 127,527 191,267 187,113 375,317 Certificates 4,827,150 332,783 1,125,170 321,010 447,457 311,863 258,562 732,027 266,270 149,348 223,995 219,129 439,536 Botes 2,997,700 206,661 698,740 199,350 277,875 193,669 160,569 454,595 165,356 92,746 139,102 136,081 272,956 Bonds '5,725,600 394,724 1,334,592 380,758 530,741 369,908 306,685 868,277 315,830 177,143 265,685 259,912 521,345 Total U.S,Government securities 17,672,32$ 1218,330 4,119,278 1175,227 1638,154 1141,738 946,600 2679,973 974,823 546,764 820,049 802,235 1609,154 Total loans and securities 17,769,216 1232,812 4,143,370 1180,723 1658,470 1147,08? 947,635 2692,125 976,436 547,852 827,612 803,214 1611,880 Due from foreign banks 33 2 1/ 10 3 3 2 1 5 1 1 11 3 F,R»notes of other banks 102,310 4,770 18,479 6,621 5,436 9,094 10,26? 16,643 8,456 3,183 5,052 4,030 10,279 Uncollected items 2,597,120 197,035 460,295 181,280 238,162 225,395 179,537 437,978 143,689 77,717 131,671 124,770 199,591 Bank premises 34,953 1,106 7,781 2,959 4,871 2,479 1,505 3,868 2,026 1,133 2,280 700 4,245 Other assets 133,902 8,975 30,283 8,603 12,559 8,791 7,129 20,554 8,470 4,021 6,367 5,922 12.228 TOTAL ASSETS 43,815,091 2392,206 11,666,228 2678,108 3640,496 2499,440 2219,148 7689,319 1860,323 1129,201 1877,370 1603,764 4559,488 1/ After deducting $23,000 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 ON JUNE 7, 1950 (in thousands of dollars) H.4.1(c) L I A B I L I T I ES Total Boston New York Phila. Cleve, Rich. Atlanta Chicago St.Louis Mpis. Kans.Cy. Dallas SanFran. 5,140,059 1605,651 2030,764 1504,710 1257,524 4440,504 Federal Reserve notes 22,830,848 1379,509 1046,503 603,544 905,766 613,539 2302,77; Deposits: Member bank-reserve acct* 16,066,982 668,600 5,276,372 736,112 1174,111 656,200 682,307 2561,096 574,137 380,782 752,641 763,842 1840,785 U.S.Treasurer-general acct. 471,6l8 36,030 64,279 30,654 47,586 36,988 37,134 55,450 30,719 25,854 26,420 39,803 40,70] Foreign 1,050,808 65,860 1/ 333,645 83,632 95,131 52,270 43,907 144,265 37,634 26,135 38,680 36,589 93,06c Other 270,002 3,071 208,818 1,713 4,169 3,660 300 4,835 5,168 1,152 4,490 563 32,06: Total deposits 17,859,410 773,561 5,883,114 852,111 1320,997 749,118 763,648 2765,646 647,658 433,923 822,231 840,797 2006,6of Deferred availability items 2,222,88? 181,323 376,526 150,016 205,795 197,805 157,839 358,209 130,025 67,123 114,149 115,008 169,069 Other liabilities including accrued dividends 14,733 1,096 4,073 869 1,579 760 675 2,246 616 471 565 593 1,19C TOTAL LIABILITIES 42,927,878 2335,489 11,403,772 2608,647 3559,135 2452,393 2179,686 7566,605 1824,802 1105,061 1842,711 1569,937 4479,64c Capital paid in 216,039 12,099 73,047 15,440 19,905 9,485 8,661 27,744 7,163 4,883 7,685 9,006 20,921 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) 27,54-3 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,i4o Other capital accounts 155,458 10,629 33,941 11,327 14,493 10,434 8,845 21,512 8,719 5,690 7,792 7,641 14,235 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,815,091 2392,206 11,666,228 2678,108 3640,496 2499,440 2219,148 7689,319 1860,323 1129,201 1877,370 1603,764 4559,488 Contingent liability on acceptances purchased for foreign correspondents 5,213 328 2/ 1,645 4l6 473 260 219 718 187 130 192 182 463 Commitments to make industrial loans 1,225 351 440 60 249 125 F. R. notes outstanding 23,504,856 1411,216 5,285,578 1653,300 2092,292 1555,509 1309,985 4516,256 1090,598 614,280 928,703 642,104 2405,035 Collateral for F.R, 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 2000,00C Eligible paper 45,040 13,260 17,000 1,660 --- 3,960 —- —- 915 400 6,845 --- l,ooc U.S. Govt, securities 10,450,000 1100,000 700,000 1000,000 1150,000 950,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,00c MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 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 1 year years years 5 years Discounts and advances 94,284 72,694 3,345 3,291 14,954 Industrial loans 2,607 51 39 51 185 921 370 276 714 U.S. Govt, securities 17,672,325 938,143 2,462,261 1,187,651 1,500,920 2,199,200 1,124,050 2,316,000 2,208,000 3,736,100 l/ After deducting $717,145,000 participations of other Federal Reserve Banks. 2/ After deducting $3,568,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis