H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM E.U.I (For Immediate Release) June 15, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June ll*. member bank reserve balances increased $2lj2 million# Additions to member bank reserves resulted from an increase of $12? million in Reserve Bank credit and decreases of $153 million in Treasury deposits with Federal Reserve Banks, $86 million in money in circulation, and $5 million in Treasury cash holdings., offset in part by an increase of $128 million in nonm ember deposits and other Federal Reserve accounts. Excess reserves of member banks on June II4. were estimated to be approximately $930 million. Holdings of loans, discounts and advances decreased $15 million, while holdings of United States Government securities increased $21 million, the latter change reflecting increases of $70 million in notes and $17 million in certificates, and decreases of $1*5 million in bonds and $21 million in bills. Changes in member bank reserve balances and related items during the week and the year ended June lU, 1950# were as follows: Increase or decrease since June lU, June 7* June 15, 1950 1950 19U9 (in millions of dollars) U* S.e Government securities 17,695 + 21 -1,768 Loans, discounts and advances 82 - 15 — 58 Other Reserve Bank credit k95 +121 + 185 Total Reserve Bank credit 18,270 +127 -1,6la Gold stock - 191 2li,232 Treasury currency outstanding + 8 ~ 1 Member bank reserve balances 16,309 +2I42 -2,297 Money in circulation - 86 26,993 - 398 Treasury cash holdings l,30i+ - 5 5 Treasury deposits with F. R. Banks -153 + 310 319 Nonm ember deposits and other F* R. accounts 2,182 +128 + 568 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 14, June 7, June 15, 1950 1950 1949 A S S E TS Gold certificates 22,471,429 - 2,000 - 146,000 Redemption fund for F. R. notes 523,141 - 67,362 Total gold certificate reserves 22,994,570 - 213,362 Other cash 199,288 + 19,790 - 71,512 Discounts and advances 79,304 - 14,980 - 59,953 Industrial loans 2,676 + 69 + 2,l6l U. S. Govt, securities: Bills 4,100,875 - 21,000 + 96,432 Certificates 4,844,150 + 17,000 -2,202,450 Notes 3,067,200 + 69,500 +2,708,100 Bonds 5,680,600 - 45,000 -2,369,900 Total U. S. Government securities ~~~ 17,692,825 + 20,500 -1,767,818 Total loans and securities 17,774,805 + 5,589 -1,825,610 Due from foreign banks 28 5 21 F. R. notes of other banks 113,761 + 11,451 + 3,079 Uncollected items 3,338,605 +741,485 + 313,074 Bank premises 35,084 .+ 131 + 2,450 Other assets 137,754 ff+ 3,854 + 21,6O6 TOTAL ASSETS 44,593,#? +778,806 -1,770,296 V«30' L I A B I L I T I ES Federal Reserve notes 22,767,870 - 62,978 - 502,966 Deposits: Member bank-reserve account 16,309,026 +242,044 -2,296,935 U. S. Treasurer-general account 318,837 -152,781 + 310,079 Foreign 1,072,730 + 21,922 + 604,726 Other 374,381 +104,379 - 63,645 u Total deposits 18,074,974 +215,564 -1,445,775- Deferred availability items 2,843,799 +620,912 + 128,325 Other liabilities including accrued 8t(c>dividends 1 5 4^ + 1,050 + 1,590 TOTAL LIABILITIES 43,702^4^6 +774,548 -1,818,826 C A P I T AL A C C O U N TS Capital paid in ~ 216,265 226 + 11,677 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts 159,490 _ _ _ 4__, 032 + 15,391 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,593,89% +778,806 -1,770,296 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 56.3 56 2.1% Contingent liability on acceptances purchased for foreign correspondents 5,585 372 749 Commitments to make industrial loans 1,206 19 1,108 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE l4, 1950 (In thousands 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 22,471,429 866,207 6,972,958 1266,726 1628,460 1044,103 992,983 14433,516 662,119 456,320 851,125 624,785 2672,127 Redemption fund for F. R. notes 523.141 50.893 37 .289 46.161 56.187 48.4% 37.455 81.627 4l .981 21.958 ^.969 26.422 iiO.767 Total gold certificate reserves 917,100 704,100 22,994,570 7,010,247 1312,887 1684,647 1092,535 1030,438 4515,143 478,278 885,094 651,207 2712,894 Other cash 199,288 16,464 37,439 11,960 13,589 12,399 20,813 26,266 13,343 5,127 8,111 9,193 24,584 Discounts and advances 79,304 12,047 22,977 3,087 5,765 4,090 33,,558855 12,002 2,898 4,785 4,863 779 2,426 Industrial loans 2,676 -- 3300 22,,331155 1 112299 mm mm mmmm 201 — WW we* U. S. Govt, securities : Bills 4,100,875 282,714 955,881 272,712 380,135 264,941 219,659 621,890 226,209 126,877 190,293 186,159 373,405 Certificates 322,141 4,844,150 333,956 1,129,133 449,033 312,962 259,472 734,605 267,208 149,873 224,783 219,900 441,084 Notes 3,067,200 203,972 211,453 714,940 284,317 198,159 164,291 465,135 169,190 94,896 142,327 139,236 279,284 Bonds 5.680.600 367.001 391,620 1.324.1Q? 377.766 526,569 304.276 861.452 313.347 175.752 263,597 257.871 517.247 Total U,S. Government securities' 17,692,825 1219,74) 4,124,056 1176,591 1640,054 1145,06$ 947,698 2683,082 975,954 547,398 821,000 803,166 l6ll,020 Total loans and 825,863 securities 17,774,805 1231,790 4,147,063 1181,993 1645,820 1147,282 951,283 2695,084 978,852 552,384 803,945 1613,446 Due from foreign banks 28 2 l/ 5 3 3 2 1 5 1 1 1 1 3 113,761 12,869 F.R.notes of other banks 6,419 19%24 5,341 6,587 11,207 10,459 16,024 9,001 4,227 6,861 4,942 658,032 162,503 269,258 Uncollected items 3,338,605 261,057 183,307 331,HI 286,983 221,259 558,317 179,709 90,589 136,480 Bank premises .35,084-^ 1,106 /6* 7,791 2,959 4,868 2,479 1,515 3,868 2,026 1,133 2,280 700 4,359 Other assets 137,7#^ 9.3&K 31.391 8.828 12.743 U lB 7.265 21.lift A.7AS L.isR 6.607 6.07% 12JJu.S TOTAL ASSETS 2707,278 3699,368 2562,035 kh,593jp91 2hh3*2j& 11,911,702 2243,033 7835,825 1895,817 1135,877 1897,320 1612,543 4649,858 ' l/ After deducting $23,000 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 JUNE l4, 1950 (In thousands of dollars) L I A B I L I T I ES Total Boston New Yd^k Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 22,767,870 1375,023 5,123,154 1610,134 2031,143 1501,100 1251,628 4431,817 1043,182 600,905 901,361 607,989 2290,434 Federal Reserve notes Member bank-reserve acct. 16,309,026 673,165 5,365,966 757,571 ll8l,323 676,798 671,858 2615,325 580,043 380,046 753,442 771,917 1881,572 U.S.Treasurer-general acct. 318,837 19,059 62,362 20,497 30,931 20,136 28,510 21,755 24,900 23,038 18,098 24,667 24,884 Foreign 1,072,730 67,252 1/342,173 83,632 97,1^3 53,375 44,835 147,315 38,430 26,688 39,497 37,363 95,027 Other 374,381 8,730 256,997 1,279 11,142 13,259 4,923 20,530 8,890 3,060 6,794 3,072 35,705 Total deposits 18,074,974 768,206 6,027,498 862,979 1320,539 763,568 750,126 2804,925 652,263 432,832 817,831 837,019 2037,188 163,521 264,462 249,222 132,889 240,602 Deferred availability items 2,843,799 241,889 493,220 200,863 473,191 163,967 77,371 142,602 Other liabilities including %/{*' accrued dividends 15, w l^oee- 4,477 948 1,495 840 735 2,443 673 499 578 635 1,438 TOTAL LIABILITIES 43,702,jjg6 2386,36a 11,648,649 2637,582 3617,639 2514,730 2203,352 7712,376 1860,085 1111,607 1862,372 1578,532 4569,662 216,265 12,102 '73,054 19,910 8,679 27,897 9,008 20,921 Capital paid in 15,442 9,486 7,163 4,884 7,719 Surplus (Section 7) 468,173 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 , 0 11 7,319 4,489 1,006 3,349 7 62 1,429 521 1,073 1,137 1,307 2,14c Other capital accounts 159,490 11,210 34,831 11,560 14,856 10,691 9,046 22,094 8,930 5,819 8,047 7,823 14,583 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,593^97 2443,241 11,911,702 2707,278 3699,368 2562,035 2243,033 7835,825 1895,817 1135,877 1897,320 1612,543 4649,858 Contingent liability on 7JC' 7? acceptances purchased for foreign correspondents 5,585 354 2/ 1,765 4l6 511 281 236 775 202 140 208 197 50c Commitments to make 1,206 60 --industrial loans 317 455 249 125 F.R. notes outstanding 23,499,204 1411,833 5,271,904 1651,203 2091,241 1560,987 1316,263 4516,128 1085,014 613,301 926,770 642,755 2411,805 Collateral for F.R. notes held by F.R. agents: Geld 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 2.000,00c 8,560 1,535 3,120 — 2,200 — - — 7 oc Eligible paper 35,385 10,825 4,300 4,145 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 l6 ttoo 3311 ttoo 61 to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 30 30 d adyasy s60 60 ddaayyss 90 days 6 months to 1 year years years 5 years Discounts and advances 79,304 59,164 2,095 2,095 3,191 14,854 Industrial loans 2,676 46 38 51 38 51 189 189 996600 337744 291 727 U.6. Govt, securities 17,692,825 883,236 2,419,793 1,291,687 1,497,759 2,191,700 1,124,050 2,385,500 2,208,000 3,691,100 l/ After deducting $730,538,000 participations of other Federal Reserve Banks. 2/ After deducting $3,820,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis