H.4.1 Factors Affecting Reserve Balances of Depository Institutions

H.4.1 BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM (For Immediate Release) June 22, 1950 CONDITION OF THE FEDERAL RESERVE BANKS Daring the week ended June 21 member bank reserve balances decreased $ll|.0 million# Reductions in member bank reserves resulted from an increase of $210 million in Treasury deposits with Federal Reserve Banks and a decrease of $9 million in Reserve Bank credit, offset in part by decreases of $67 million in money in circulation, $10 million in Treasury cash, and $3 million in nonmember deposits and other Federal Reserve accounts• Excess reserves of member banks on June 21 were estimated to be approximately $670 million* Holdings of loans, discounts and advances decreased $5 million and of United States Government securities $llj. million, the latter change reflecting decreases of $118 in bills and $31 million in bonds and increases of $82 million in notes and $53 million in certificates* Changes in member bank reserve balances and related items during the week and the year ended June 21, 1950* were as follows: Increase or decrease since June 21, June lU# June 22, 1950 1950 19U9 (in millions of dollars) U* S* Government securities 17,679 - i4 -1,487 Loans, discounts and advances 77 - 5 - 594 Other Reserve Bank credit 505 + 10 + 229 Total Reserve Bank credit 18,261 - 9 -1,852 Gold stock 24,231 - 1 - 190 Treasury currency outstanding 4,6o4 + 8 Member bank reserve balances 16,169 -ll+O -2,145 Money in circulation 26,926 - 67 - 4L9 Treasury cash holdings 1,294 - 10 10 Treasury deposits with F. R. Banks 529 +210 + 21 Nonmember deposits and other F* R» accounts 2,179 - 3 + 521 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 21, June 14, June 22, 1950 1950 1949 A S S E TS Gold certificates 22,471,430 + 1 - 146,000 Redemption fund for F. R. notes 520,648 - 2,493 - 67,074 Total gold certificate reserves 22,992,078 - 2,492 - 213,074 Other cash 213,299 + 14,011 - 73,863 Discounts and advances 74,755 - 4,549 - 596,120 Industrial loans 2,627 49 + 2,161 U. S. Govt, securities: Bills 3,982,875 -118,000 - 49,254 Certificates 4,897,150 + 53,000 -1,944,950 Notes 3,148,700 + 81,500 +2,789,600 Bonds 5,649,800 - 30,800 -2,282,500 Total U. S. Government securities 17,678,525 - 14,300 -1,487,104 Total loans and securities 17,755,907 - 18,898 -2,081,063 Due from foreign banks 28 21 — — — F. R. notes of other banks 116,496 + 2,735 + 4,729 Uncollected items 3,220,567 -118,038 + 516,777 Bank premises 35,277 + 193 + 2,648 Other assets 94,683 - 43,106* - 20,750 TOTAL ASSETS 44,428,335 -165,595* -1,864,617 L I A B I L I T I ES Federal Reserve notes 22,706,047 - 61,823 - 530,903 Deposits: Member bank-reserve account 16,169,122 -139,904 -2,145,247 U. S. Treasurer-general account 529,254 +210,417 + 20,991 Foreign 1,123,786 + 51,056 + 647,031 Other 271,033 -103,348 - 194,988 Total deposits 18,093,195 + 18,221 -1,672,213 Deferred availability items 2,715,228 -128,571 + 287,646 Other liabilities including accrued dividends 16,311 + 495* + 1,539 TOTAL LIABILITIES 43,530,781 -171,678* -1,913,931 C A P I T AL A C C O U N TS Capital paid in ' 218,818 + 2,553 + 13,882 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts 163,020 + .3,530 + 13,970 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,428,335 -165,595* -1,864,617 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 56.4# + .1# + 2.4# Contingent liability on acceptances purchased for foreign correspondents 5,463 122 + 310 Commitments to make industrial loans 1,253 + 47 1,058 * June 14 figures revised 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 21, 1950 (In thousands of dollars) A O O £i X O Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy, Dallas SanFran, Gold certificates 22,471,430 914,071 7,018,153 1278,977 1628,466 1036,545 988,037 4394,134 662,153 462,720 829,906 626,462 2651,806 Redemption fund for F. R. notes 520,648 50,777 36,830 45,936 56,042 47,469 37,311 81,450 4411,,992299 21,929 33,937 2266,,557700 4400,,666688 Total gold certificate reserves 22,992,078 964,848 7,054,983 1324,913 1684,508 1084,014 1025,348 4475,584 704,082 484,649 865,845 652,852 2672,474 Other cash 213,299 17,041 40,746 17,353 18,585 12,868 19,095 24,628 14,413 4,155 9,278 9,860 25,297 Discounts and advances 74,755 6,606 13.943 2,570 12,447 6,055 2,534 10,396 6,042 5,175 6,404 895 1,688 Industrial loans 2,627 30 2,266 1 130 —- — 200 — U. S. Govt, securities: Bills ' 3,982,875 274,579 928,376 264,865 369,197 257,318 213,339 603,995 219,699 125,226 184,817 180,805 562,661 Certificates 4,897,150 337,610 1,141,487 325,666 453,945 316,385 262,310 742,643 270,152 151,515 227,245 222,306 445,910 Notes 3,148,700 217,071 733,937 209,392 291,872 203,425 168,657 477,494 175,685 97,418 146,109 142,935 286,705 Bonds 5,649,800 389,497 1,316,923 375,717 523,714 365,011 302,626 856,781 511,649 174,799 262,168 256,475 514,442 Total U.S. Government securities 17,678,525 1218,757 4,120,723 1175,640 1638,728 1142,139 946,932 2680,913 975,165 546,956 820,557 802,517 1609,718 Total loans and securities 17,755,907 1225,363 4,134,696 1180,476 1651,176 1148,324 949,466 2691,309 981,20? 552,351 826,741 805,412 1611,406 Due from foreign banks 28 2 1 /5 3 3 2 1 5 1 1 1 1 f F.R.notes of other banks 116,496 6,074 20,282 7,022 6,777 10,800 9,427 16,315 8,921 5,805 7,270 4,589 1 5 , 2 14 Uncollected items 3,220,567 231,867 594,477 214,640 350,208 265,094 204,482 518,890 166,152 88,975 172,508 159,121 274,275 Bank premises 35,277 1,106 7,791 2,953 4,868 2,531 1,514 3,868 2,026 1,155 2,280 700 4,507 Other assets 94,683 6,359 21,037 5,991 8,904 6,318 5,012 14,595 6,577 2,779 4,547 4,267 8,497 TOTAL ASSETS 144,428,555 2452,660 11,874,01? 2753,351 3725,029 2529,951 2214,345 7745,194 1883,159 1137,808 1886,1+68 1614,782 4611,571 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 21, 1950 (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 Mpls. Kems.Cy. Dallas SanFran. Federal Reserve notes 22,706,0U7 1373,956 5,115,799 1599,504 2028,222 1495,340 1246,180 4426,189 1039,583 599,428 897,383 605,845 2278,618 Deposits: Member bank-reserve acct. 16,169,122 701,158 5,390,035 770,675 1191,953 641,283 667,167 2505,119 579,249 376,310 729,495 771,144 1845,534 U.S.Treasurer-general acct . 529,254 39,268 57,383 43,214 53,174 57,335 28,218 103,367 35,015 32,172 24,391 27,485 28,232 Foreign 1,123,786 70,415 1/357,023 89,416 101,711 55,885 46,944 154,243 40,237 27,943 41,355 39,120 99,494 Other 271,033 4,148 212,973 I,4o8 4,585 2,671 477 4,391 5,193 1,490 2,266 526 30,905 Total deposits 18,093,195 814,989 6,017,414 904,713 1351,423 757,174 742,806 2767,120 659,69k 437,915 797,507 838,275 2004,165 Deferred availability items 2,715,228 205,373 471,371 178,287 261,370 229,119 184,772 425,508 147,346 75,615 155,938 135,781 244,748 Other liabilities including accrued dividends 16,311 1,067 5,234 861 1,644 757 702 2,353 607 46o 567 686 1,373 TOTAL LIABILITIES 43,530,781 2395,385 11,609,818 2683,365 3642,659 2482,390 2174,460 7621,170 1847,230 1113,418 1851,395 1580,587 4528,904 Capital paid in 218,818 12,103 73,065 15,443 20,230 9,496 8,688 27,922 7,164 4,892 7,742 9,022 23,051 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 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,i4c Other capital accounts 163,020 11,383 35,666 11,849 15,177 10,937 9,24i 22,644 9,126 5,931 8,149 7,993 14,924 TOTAL LIABILITIES AH) CAPITAL ACCOUNTS 44,428,335 2452,660 11,874,017 2753,351 3725,029 2529,951 2214,345 7745,194 1883,159 1137,808 1886,468 1614,782 4611,571 Contingent liability on acceptances purchased for foreign correspondents 5,463 344 2/ 1,716 437 497 273 229 754 197 137 202 191 486 Commitments to make industrial loans 1,253 360 454 60 254 125 F.R. notes outstanding 23,477,628 1418,354 5,261,863 1656,189 2103,428 1554,126 1310,315 4504,763 1084,939 612,358 924,952 641,748 24o4,593 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 35,985 5,535 8,405 1,210 — 4,705 5,430 4,750 5,775 — 175 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 TT 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 74,755 55,535 1,470 700 17,050 Industrial loans 2,627 142 5 54 190 849 377 284 726 U.S. Govt, securities 17,678,525 2,894,018 533,341 1,384,412 1,925,904 1,481,500 1,124,050 2,467,000 2,318,100 3,550,200 l/ After deducting $766,742,000 participations of other Federal Reserve Banks 2/ After deducting $3,747,000 participations of other Federal Reserve B nks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis