H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) July 6, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 5 member bank reserve balances increased $266 million. Additions to member bank reserves arose from an increase of $383 Million in Reserve Bank credit and decreases of $221 million in Treasury deposits with Federal Reserve Banks and $4 million in Treasury cash holdings, offset in part by an increase of $289 million in money in circulation and $53 million in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on July 5 were estimated to be approximately $770 million. Holdings of loans, discounts and advances increased $14 million and of United States Government securities $369 million, the latter change reflecting increases of $2,830 million in notes and $139 million in bills and decreases of $2,511 million in certificates and $89 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended July 5, 1950, were as follows: Increase or decrease since July 5, June 28, July 6, 1950 1950 1949 (In millions of dollars) U. S. Government securities 18,586 +369 - 757 Loans, discounts and advances 86 + 14 - 28 Other Reserve Bank credit 278 -- - 43 Total Reserve Bank credit 18,950 +383 - 829 Gold stock 24,231 + 1 - 240 Treasury currency outstanding 4,607 - 1 + 10 Member bank reserve balances 16,254 +266 -1,726 Money in circulation 27,315 +289 - 344 Treasury cash holdings 1,302 - 4 4 Treasury deposits with F. R. Banks 645 -221 + 383 Nonmember deposits and other F. R. accounts 2,272 + 53 + 633 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.1+.1 (a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since July 5, June 28, July 6, 1950 1950 1949 A S S E TS Gold certificates 22,l+59,l£9 1,002 - 207,000 Redemption fund for F. R. notes 522,530 + 880 - 65,941 Total gold certificate reserves 22,981,959 122 Other cash 192,828 - 19,688 - 61,049 Discounts and advances 83,703 + 14,340 - 30,008 Industrial loans 2,679 + 12 + 2,183 U. S. Govt, securities: Bills 3,976,375 + 139,500 - 370,085 Certificates 2,8^6,550 -2,510,700 -4,010,550 Notes 6,208,700 +2,829,600 +5,849,600 Bonds 5,554,700 89,100 -2,225,500 Total U« S. Gbvernment securities 18,586,325 369,300 - 756,535 Total loans and securities 18,672,707 „ 383,652 - 784,360 Due from foreign banks ' 24p - 4 25 F. R. notes of other banks 93,710; w 18,872 + 2,449 Uncollected items 2,409,1*8 222,557 + 114,799 Bank premises 35,183 42 + 2,555 Other assets 78,398 - 26,028 - 16,610 TOTAL ASSETS a,463,9)7 96,339 -1,015,182 L I A B I LI T I ES Federal Reserve notes 23,047,968 + 247,165 - 449,600 Deposits: Member bank-reserve account 16,253,943 4» 265,492 -1,726,174 U. S. Treasurer-general account 645,308 220,761 + 383,207 Foreign 1,179.966 + 39,658 + 695,218 Other 289,585 - 10,752 - 123,563 Total deposits 18,368,was • 73,637 - 771,312 Deferred availability items 2^131^97 - 222,391 + 158,613 Other liabilities including accrued dividends ^ 9,773 w 6,604 193 TOTAL LIABILITIES 43,558,34^ + 91,807 -1,062,492 f „ C A P I T AL A C C O U N TS Capital paid in 219,499 + 425 + 13,809 Surplus (Section 7) 488,173 • 21,462 Surplus (Section 13b) 27,543 Other capital accounts 170,682 4,107 + 12,039 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,463,9|T + 96,339 -1,615,182 V Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 55.5# - .4# + 1.0# Contingent liability on acceptances purchased for foreign correspondents 5,982 • 471 + 2,026 Commitments to make industrial loans 1,364 + 156 893 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ti.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANES ON JULY 5, 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 22,459,429 924,514 7,030,327 1325,271 1647,593 1037,136 969,511 4394,058 632,402 433,413 836,987 586,668 2641,549 Redemption fund for F. R. notes 522,530 50,771 36,809 46,931 57,034 47,458 37,297 81,431 41,925 21,927 33,932 26,365 40,650 Total gold certificate reserves 22,981,959 975,285 7,067,136 1372,202 1704,627 1084,594 1006,808 4475,489 674,327 455,340 870,919 613,033 2682,199 Other cash * 192,828 14,590 32,582 11,419 15,300 10,754 18,936 27,055 12,552 5,168 8,593 11,751 24,128 Discounts and advances 83,703 8,924 24,963 4,080 11,947 3,940 3,774 7,546 3,372 8,975 3,674 695 1,813 Industrial loans 2,679 30 2,331 1 121 196 — — — mm mm mm U. S. Govt, securities: Bills 3,976,375 274,131 926,861 264,433 368,594 256,898 212,991 603,009 219,341 123,025 184,516 180,507 362,069 Certificates 2,846,550 196,241 663,508 189,298 263,864 183,904 152,473 431,674 157,019 88,069 132,090 129,219 259,191 Notes 6,208,700 428,028 1,447,198 412,885 575,522 401,119 332,563 941,537 342,478 192,091 288,102 281,844 565,333 Bonds 5,554,700 382,941 1,294,757 369,393 514,898 358,867 297,531 842,359 306,402 171,858 257,753 252,156 505,785 Total U.S.Government securities 18,586,325 1281,341 4,332,324 1236,009 1722,878 1200,788 995,558 2818,579 1025,240 575,043 862,461 843,726 1692,378 Total loans and securities 18,672,707 1290,265 4,357,317 1242,420 1734,826 1204,849 999,332 2826,125 1028,612 584,214 866,135 844,421 1694,191 Due from foreign banks 24 2 1/ 7 2 2 1 1 3 1 1 1 1 2 . F.R.notes of other banks 93,710/ 4,766 15,862 3,884 5,299 11,719 8,211 12,626 5,196 3,619 5,729 3,030 13,769, Uncollected items 2,409,36# 214,235 446,545 182,771 220,276 197,783 152,328 378,421 139,491 66,245 130,241 110,139 1 7 0 ,W Bank premises 35,183 1,101 7,762 2,953 4,859 2,525 1,512 3,845 2,022 1,130 2,275 697 4,502 Other assets 78,398 5,121 17,375 5,013 7,595 5,331 4,145 11,886 5,442 2,297 3,895 3,368 6,930 TOTAL ASSETS 44,463,9{$7 2505,365 11,944,586 2820,664 3692,784 2517,556 2191,273 7735,450 1867,643 1118,014 1887,788 1586,440 4596,-3^ 1/ After deducting $17,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 5, 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. Ka.ns.Cy. Dallas SanFran, Federal Reserve notes 25,047,968 1412,456 5,200,618 1626,754 2056,399 1519,337 1264,559 4471,248 1049,799 605,548 907,741 616,666 2319,243 Deposits* Member bank-reserve acct. 16,255,943 705,884 5,554,254 790,061 1176,516 648,786 674,609 2596,424 565,519 579,741 762,612 746,906 1875,05] U.S.Treasurer-general acct. 645#508 57,758 145,551 69,614 75,785 50,954 54,114 65,282 57,618 25,814 19,020 58,060 29,96c Foreign 1,179,966 73,641 1/578,081 95,512 106,570 58,445 49,094 161,508 42,080 29,225 45,249 40,912 104,051 Other 289,585 1,990 225,662 1,521 5,347 6,025 1,028 2,965 7,853 1,198 3,814 685 35,497 Total deposits 18,568,802 857,255 6,081,548 954,708 1561,816 764,210 758,845 2825,979 652,870 455,976 828,695 826,563 2042,559 Deferred availability items 2,151^49? 197,029 594,026 168,181 190,196 185,421 127,270 511,420 128,229 55,714 115,487 108,044 150^f8€ Other liabilities including ' -rya accrued dividends 9,775 845 2,568 476 1,217 495 457 1,554 424 528 577 577 677 q' ^ TOTAL LIABILITIES 45,5582447,58511,678,560 2750,119 5609,628 2469,4612150,9117610,2011851,5221095,566 1852,500 1551,650 4512,9$$ Capital paid in 219,499 12,155 75,125 15,455 20,298 9,508 8,715 27,979 7,178 4,904 7,810 9,276 25,12C Surplus (Section 7) 488,175 50,778 148,149 58,205 45,957 25,779 21,194 72,029 19,118 12,494 18,045 15,875 42,552 Surplus (Section 15b) 27,545 5,011 7,519 4,489 1,006 5,549 762 1,429 521 1,075 1,157 1,507 2,14c Other capital accounts 170,682 11,858 57,433 12.398 15,895 11,459 9,693 23,812 9,504 6,177 8,496 8,334 15,62? TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1(4,463,9^7 2505,565 11,9144,586 2820,664 5692,784 2517,556 2191,275 7755,450 1867,645 1118,014 1887,788 1586,440 4 5 9 6^ Contingent liability on acceptances purchased 7 f3<(for foreign correspondents 5,982 595 2/1,705 499 568 512 262 861 224 156 251 218 555 Commitments to make industrial loans 1,364 — 475 455 60 — 255 125 F.R. notes outstanding 25,665,914 1459,250 5,519,845 1665,185 2119,755 1568,628 1516,477 4537,564 1088,817 614,055 950,850 649,571 2417,921 Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,549,000 440,000 4,770,000 750,000 1000,000 670,000 675,000 2950,000 400,000 210,000 280,000 204,000 2000,000 Eligible paper 45,895 7,855 17,575 2,720 — 5,090 — — 2,760 8,550 5,045 — 300 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 51 to 6l to 91 days to 6 months 1 to 2 2 to \ 5 Over Discounts and advances Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years 857753 63,895 1,975 17,625 210 Industrial loans U.S. Govt, securities 2,679 59 10 191 779 , 575 198 516 771 18,586,325 742,745 607,310 1,446,420 5,565,602 1,124,050 2,617,200 2,909,800 2,518,100 5,455,100 i/ After deducting $801,865,000 participations of other Federal Reserve Banks. Digitized for FRASER 2/ After deducting $4,279,000 participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis