H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.U.I (For Immediate Release) June 29, 1950 CONDITION OF THE FEDERA LRESERVE BANKS During the week ended June 28 member ban kreserve balances decreased $181 million. Reductions in member ban kreserves resulted from increases of $337 million in Treasury deposits with Federa lReserve Banks, $100. millio nin money in circulation, $40 million in noiimembe rdeposits and other Federal Reserve accounts, and $12 million in Treasur ycash holdings ,offset in par tby increases of $306 millio nin Reserv eBank credit and $4 million in Treasury currency. Excess reserves of member bank son June 28 were estimated to b eapproximately $520 million. Holdings of loans, discounts a naddvances decreased $5 million, while holdings of Unite dStates Government securities increased $538 million, the latter change reflecting increases of $460 million in certificates and $230 million in notes and decreases of $146 million in bill sand $6 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended June 28, 1950, were as follows: Increase or decrease since June 28, June 21, June 29 1950 1950 1949 (In millions of dollars) U. S. Government securities 18,217 +538 -1,300 Loans, discounts an dadvances 72 - 5 - 79 Other Reserve Bank credit 278 -227 + 70 Total Reserve Bank credit 18,567 +306 -1,308 Gold stock 24,230 - 1 - 236 Treasury currency outstanding 4,608 + 4 + 11 Member tajik reserve balances 15,988 -181 -2,025 Money in circulation 27,026 +100 - 400 Treasury cash holdings 1,306 + 12 - 18 Treasury deposits with F. R. Banks 866 +337 + 369 Nonmember deposits and other F. R. accounts 2,219 + 40 + 541 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

f . STATEMENT Of CONDITION HA.1(a) OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thouisiandB of dollars) V Increase or decrease since June .28, June 21 June 29, 1950 1950 1949 A S S E TS Gold certificates 22,460,431 - 10,999 - 190,998 Redemption fund for F. R. notes 521,650 + 1,002 - 67,072 Total gold certificate reserves 22,982,081 - 9,997 - 258,070 Other cash 212,516 783 - 69,075 Discounts and advances 69,363 - 5,392 - 80,952 Industrial loans 2,667 + 4o + 2,193 U. S. Govt. securities: Bills 3,836,875 -146,000 - 683,254 Certificates 5,357,250 +460,100 -1,499,850 Notes 3,379,100 +230,400 +3,020,000 Bonds 5,643,800 - 6,000 -2,136,400 Total U. S. Government securities 18,217,025 +538,500 -1,299,504 Total loans and securities 18,289,055 +533,148 -1,378,263 Due from foreign banks 28 --- - 21 f. R. notes of other banks 112,582 - 3,914 + 3,780 Uncollected items 2,631,685 -588,882 + 300,746 Bank premises 35,225 52 + 2,630 Other assets 104,426 + 9,743 - 14,086 y TOTAL ASSETS 44,367,598 - 60,737 -1,412,359 L I A B I L I T I ES Federal Reserve notes 22,800,803 + 94,756 - 516,608 Deposits: Member bank-reserve account 15,988,451 -180,671 -2,024,454 U. S. Treasurer-general account 866,069 +336,815 + 368,960 Foreign l,l4o,308 + 16,522 + 633,155 Other 300,337 + 29,304 - 151,034 Total deposits 18,295,165 +201,970 -1,173,373 Deferred availability items 2,353,888 -361,340 + 230,742 Other liabilities including accrued dividends 16,377 + 66 693 %TAL LIABILITIES 43,466,233 - 64,548 -1,459,932 C A P I T AL A C C O U N TS Capital paid in 219,074 + 256 + 14,090 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts 166,575 + 3,555 + 12,021 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,367,598 - 60,737 -1,412,359 Ratio of gold certificate reserves to deposit and F. R. not eliabilities combined 55.9$ • 5% + 1.656 Contingent liability on acceptances purchased for foreign correspondents 5,511 + 48 + 336 Commitments to make industria lloans 1,208 45 - 1,075 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4,l(b) STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON JUNE 28, 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 22,460,431 907,314 6,930,309 1251,346 1726,624 1049,541 980,148 4416,556 640,268 453,048 819,533 626,575 2659,169 Redemption fund for F. R. notes 521,650 50,777 36,830 46,936 56,042 47,470 37,311 81,450 41,929 21,929 33,937 26,370 40,669 Total gold certificate reserves 22,982,081 958,091 6,967,139 1298,282 1782,666 1097,011 1017,459 4498,006 682,197 474,977 853,470 652,945 2699,838 Other cash 212,516 15,920 40,593 15,749 15,845 11,762 20,814 26,091 14,809 5,391 9,025 11,369 25,148 Discounts and advances 69,363 9,339 19,323 2,475 5,047 5,655 1,484 8,246 2,712 1,675 7,479 865 5,063 Industrial loans 2,667 30 2,308 1 130 198 U. S. Govt, securities: Bills 3,836,875 264,514 894,345 255,156 355,663 247,885 205,518 581,854 211,646 118,709 178,043 174,175 349,367 Certificates 5,357,250 369,329 1,248,732 356,262 496,596 346,110 286,956 812,417 295,512 165,748 248,593 243,192 487,803 Notes 3,379,100 232^956 787,641 224,713 313,229 218,310 180,999 512,434 186,394 104,547 156,800 153,394 307,683 Bonds 5,643,800 389,083 1,315,525 375,319 523,157 364,624 302,304 855,870 311,317 174,613 261,889 256,201 513,898 Total U.S..Government securities" 18,217,025 1255,882 4,246,243 1211,450 1688,645 1176,929 975,777 2762,575 1004,869 563,617 845,325 826,962 1658,751 Total loans and securities— 18,289,055 1265,221 4,265,596 1216,233 1693,693 1182,714 977,261 2770,821 10(77,581 565,490 852,804 827,827 1663,8l4 Due from foreign "banks 28 2 1/ 5 3 3 2 1 5 1 1 11 3 E.R.notes of other bank s112,582 5,077 17T777 5,587 5,696 10,956 12,360 16,053 8,503 3,628 8,222 5,179 13,544 Uncollected items 2,631,685 211,119 499,078 176,532 243,152 207,717 160,654 432,405 137,532 78,992 138,138 115,382 230,984 Bank premises 35,225 1,101 7,791 2,953 4,860 2,525 1,512 3,846 2,026 1,130 2,280 700 4,501 Other assets 104,426 6,924 23,479 6,690 9,830 7,051 5,553 15,843 6,927 3,106 5,082 4,625 9,316 TOTAL ASSETS 44,367,598 2463,455 11,821,458 2722,029 3755,745 2519,738 2195,614 7763,070 1859,576 1132,715 1869,022 1618,028 4647,148 1/ After deducting $23,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITIO NOF THE FEDERA LRESERVE BANKS ON JUN E28, 1950 H.4.1(c) (in thousands of dollars) L I A B IL I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Federal Reserve notes 22,800,803 1392,266 5,136,892 1609,585 2042,122 1508,236 1249,66 14428,625 1039,1X2 598,696 898,623 611,157 2285,828 Deposits: Member bank-reserve acct .15,988,451 664,191 5,181,136 759,397 1177,358 636,360 664,513 2557,534 568,021 375,961 743,832 778,353 1881,795 U.S.Treasurer-general acct. 866,069 73,190 181,331 34,259 133,604 73,75% 47,172 120,482 43,689 38,884 30,014 42,523 47,167 Foreign 1,140,308 70,995 1/367,235 90,152 102,548 56,345 47,330 155,512 40,568 28,173 41,695 39,442 100,313 Other 1 j f 3 j j 9 *--> f **7 J ^ J 7 Total deposits 18,295,165 812,683 5,969,036 885,682 1416,894 768,722 759,398 2835,869 657,572 444,255 818,687 860,813 2065,554 Deferred availability items 2,353,888 199,830 445,931 155,590 212,331 194,176 145,715 371,549 126,094 64,760 115,839 110,752 211,321 Other liabilities including accrued dividends 16,377 1,094 4,620 948 1,720 818 771 2,478 673 500 549 743 1,463 TOTAL LIABILITIES 43,466,233 2405,873 11,556,479 2651,805 3673,067 2471,952 2155,5^5 7638,521 1823,45 11108,211 1833,698 1583,46 54564,166 Capital paid in 219,074 12,132 73,068 15,443 20,220 9,498 8,692 27,930 7,166 4,897 7,749 9,228 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 2,140 Other capital accounts 166,575 11,661 36,443 12,087 15,495 11,160 9,421 23,161 9,320 6,o4o 8,393 8,155 15,239 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 44,367,598 2463,455 11,821,458 2722,029 3755,745 2519,738 2195,614 7763,070 1859,576 1132,715 1869,022 1618,028 4647,148; Contingent liability on acceptances purchased for foreign correspondents 5,511 347 2/ 1,731 441 502 276 231 761 198 137 204 193 490 Commitments to make industrial loans 1,208 315 454 60 254 w w w — ***** 125 F.R. notes outstanding 23,538,876 1424,259 5,276,222 1655,501 2107,916 1560,950 1310,227 4514,666 1084,657 611,636 928,908 650,598 2413,336 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 2000,000 Eligible paper 38,223 8,268 11,285 1,115 — "• -» 3,805 — — — — 2,100 1,250 6,850 3,550 U.S. Govt, securities H O *5< 0 1 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 TT to 91 days to (T 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 697353 49,938 1,625 15,784 2,016 Industrial loans 2,667 70 5 54 260 893 376 284 725 U.S. Govt, securities 18,217,025 3,204,652 582,595 1,339,317 1,925,211 1,481,500 1,124,050 2,697,400 2,318,100 3,544,200 l/ After deducting $773,053,000 participations of other Federa lReserve Banks 2/ After deducting $3,780,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis A.