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 13, 1950 CONDITION OF THE FEDERAL RESERVE BARKS During the week ended July 12 member bank reserve balances increased $194 million. Additions to member bank reserves arose from decreases of $262 million in Treasury deposits with Federal Reserve Banks, $146 million in money in circulation, and $11 million in nonmember deposits and other Federal Reserve accounts, offset in part by decreases of $193 million in Reserve Bank credit, $24 million in gold stock, and an increase of $7 million in Treasury cash holdings. Excess reserves of member banks on July 12 were estimated to be approximately $920 million. Holdings of loans, discounts and advances decreased $18 million.and of United States Government securities $292 million, the latter change reflecting decreases of $144 million in bonds, $143 million in bills, and $15 million in certificates, and an increase of $10 million in notes. Changes in member bank reserve balances and related items during the week and the year ended July 12, 1950, were as follows: Increase or decrease since July 12, July 5, July 13. 1950 1950 1949 (in millions of dollars) U. S. Government securities 18,294 -292 - 548 Loans, discounts and advances 68 - 18 - 73 Other Reserve Bank credit 396 +118 + 100 Total Reserve Bank credit 18,757 -193 - 522 Gold stock 24,207 - 24 - 306 Treasury currency outstanding 4,6o6 - 1 + 10 Member bank reserve balances 16,448 +194 -1,058 Money in circulation 27,169 -146 - 311 Treasury cash holdings 1,309 + 7 8 Treasury deposits with F. R. Banks 383 -262 + 12 Nonmember deposits and other F. R. accounts 2,261 - 11 + 547 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 July 12, July 5, July 13, 1950 1950 119944?? A S S E TS Gold certificates 22,430,428 - 29,001 - 269,004 Redemption fund for F. R. notes 526,532 + 4,002 - 61,822 Total gold certificate reserves 22,956,960 - 24,999 330,626> - Other cash 224,288 + 31,460 54,3^6 - Discounts and advances 64,843 - 18,860 75,266 Industrial loans 22,,667711 8 + 22,,117777 U. S. Govt, securities: Bills 3,832,575 -143,800 - 103,537 Certificates 2,831,050 - 15,500 -3, 937,650 Notes 6,218,700 + 10,000 +5,861,600 Bonds 55,,441111,,440000 --114433,,330000 -2,368,800 Total U. S. Government securities 18,293,725 -292,600 548,387 - Total loans and securities 18,361,239 -311,468 621,476 Due from foreign banks 24 - 25 F, R. notes of other banks 123,087 + 29,377 + 2,402 Uncollected items 2,929,879 +520,691* + 228,846 Bank premises 35,313 + 130 + 2,655 Other assets 82,101 + 3,703 17,583 - TOTAL ASSETS 44,712,891 +248,894* - 790,353 L I A B I L I T I ES Federal Reserve notes 2222,,996699,,336633 -- 7788,,660055 - 440055,,441122 Deposits: Member bank-reserve account 16,448,487 +194,544 •1, 057,383 U. S. Treasurer-general account 382,708 -262,600 + 11,623 Foreign 1,179,926 40 + 671,696 Other 277,298 - 12,287 - 187,703 Total deposits 18,288,419 - 80,383 - 561,767 Deferred availability items 22,,553333,,778833 ++440022,,222266** + 112288,,779944 Other liabilities including accrued dividends 10,023 + 250 + 12 TOTAL LIABILITIES 43,801,588 +243,488* 838,373 C A P I T AL A C C O U N TS Capital paid in 219,766 + 267 + 13,892 Surplus (Section 7) 488,173 mm |» + 21,462 Surplus (Section 13b) 27,543 — Other capital accounts 175,821 +5,139 + 12,666 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,712,891 +248,894* - 790,353 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 55.6* + .1% + MM Contingent liability on acceptances purchased for foreign correspondents 5,841 l4l + 2,269 Commitments to make industrial loans 1,391 + 27 886 - * July 5 figures revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 12, 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 22,430,428 856,762 6,946,964 1256,589 1615,101 1033,111 990,125 4466,792 634,488 443,043 850,240 654,976 2682,237 Redemption fund for F. R. notes 326,532 Total gold certificate reserves 22,956,960 907,533 6,983,773 1303,520 1676,136 1080,570 1027,422 4548,223 676,413 464,970 884,172 681,341 2722,887 Other cash , 224,288 21,061 42,153 14,451 16,665 12,377 19,919 31,795 12,277 6,003 8,626 10,617 28,344 Discounts and advances 64,843 3,981 17,848 2,430 19,247 6,455 1,824 4,171 612 1,650 4,151 795 1,679 Industrial loans . 2,671 30 2,315 1 121 204 U. S. Govt, securities: Bills 3,832,575 264,218 893,343 254,870 355,264 247,607 205,288 581,202 211,409 118,576 177,843 173,980 348,975 Certificates 2,831,050 195,172 659,895 188,267 262,427 182,903 151,642 429,324 156,163 87,591 131,370 128,515 257,781 Notes 6,218,700 428,717 1,449,529 413,550 576,449 401,765 333,099 943,053 343,030 192,400 288,566 282,298 566,244 Bonds 5,411,400 373,062 1,261,354 359,864 501,615 349,609 289,856 820,628 298,498 167,423 251,105 245,651 492,735 Total 4J.S.Government securities ' 18,293,725 1261,169 4,264,121 1216,551 1695,755 1181,884 979,885 2774,207 1009,100 565,990 848,884 830,444 1665,735 Total loans and securities 18,361,239 1265,150 4,281,999 1221,296 1715,003 1188,460 981,709 2778,378 1009,712 567,844 853,035 831,239 1667,4l4 Due from foreign banks 24 2 i/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 123,087 6,520 23,657 6,922 5,923 12,444 12,426 16,310 8,186 4,772 7,972 4,888 13,067 Uncollected items 2,929,879 224,986 524,236 193,507 263,150 236,678 191,739 496,622 168,592 90,677 173,251 130,764 235,677 Bank premises 35,313 1,101 7,762 2,953 4,859 2,525 1,512 3,845 2,023 1,130 2,275 697 4,631 Other assets 82,101 5,427 18,389 5,262 7,330 5,352 4,317 12,593 5,763 2,369 4,367 3,542 7,390 TOTAL ASSETS 44,712,891 2431,780 11,881,976 2747,913 3689,068 2538,407 2239,045 7887,769 1882,967 1137,766 1933,699 1663,089 4679,412 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.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 12, 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. Kans.Cy. Dallas SanFran Federal Reserve notes 22,969,363 1403,237 5,166,579 1619,294 2057,968 1514,977 1255,655 4469,905 1047,442 600,898 905,097 613,188 2315,12: Deposits: Member bank-reserve acct. 16,448,487 675,045 5,333,354 771,555 1189,720 668,334 684,107 2671,657 574,415 383,781 776,673 822,905 1896,94: U.S.Treasurer-general acct. 382,708 22,747 85,815 26,602 27,531 28,380 35,757 36,038 23,073 22,354 SQ917 22,606 30,881 Foreign 1,179,926 74,012 1/ 373,992 93,984 106,907 58,740 49,342 162,122 42,293 29,370 43,468 4l,ll8 104,571 Other 277,298 4,917 206,642 3,302 4,768 5,661 1,151 2,787 5,746 1,586 2,670 2,603 35,46; Total deposits 18,288,419 776,721 5,999,803 895,443 1328,926 761,115 770,357 2872,604 645,527 437,091 843,728 889,232 2067,87; Deferred availability items 2,533,783 192,583 445,694 161,739 217,639 213,360 171,945 417,653 152,895 74,589 148,689 125,236 211,76: Other liabilities including accrued dividends 10,023 969 2,746 509 917 521 439 1,585 434 377 341 384 80: TOTAL LIABILITIES 43,801,588 2373,510 11,614,822 2676,985 3605,450 2489,973 2198,396 7761,747 1846,298 1112,955 1897,855 1628,040 4595,551 Capital paid in 219,766 12,168 73,158 15,501 20,311 9,521 8,734 27,993 7,213 4,916 7,824 9,313 23,111 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 42,555 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,l4( Other capital accounts 175,821 12,313 38,528 12,733 16,344 11,785 9,959 24,571 9,817 6,328 8,838 8,556 l6,o4s TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 44,712,891 2431,780 11,881,976 2747,913 3689,068 2538,407 2239,045 7887,769 1882,967 1137,766 1933,699 1663,089 4679,41: Contingent liability on acceptances purchased for foreign correspondents 5,841 368 2/ 1,834 467 532 292 245 806 210 146 216 205 52C Commitments to make industrial loans 1,391 --- 487 453 60 --- 269 --- --- --- 12Z F.R. notes outstanding 23,748,062 1442,147 5,326,416 1670,212 2130,082 1574,260 1324,682 4551,881 1101,437 614,439 936,248 648,460 2427,796 Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,304,000 440,000 4,770,000 750,000 925,000 670,000 675,000 2980,000 400,000 210,000 280,000 204,000 2000,00C Eligible paper 26,507 2,910 12,010 1,070 — 5,605 — — — 1,225 3,522 165 U.S. Govt, securities 10,550,000 1100,000 700,000 1000,000 1250,000 950,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,00( MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 61 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 65751+3 44,320 2,020 17,643 815 44 1 Industrial loans 2,671 44 11 188 776 372 196 313 771 U.S. Govt, securities 18,293,725 801,386 604,092 1,433,259 3,179,538 1,108,550 2,627,200 2,909,800 2,318,100 3,311,800 1/ After deducting $805,913,000 participations of other Federal Reserve Banks Digitized for FRASER 2I After deducting $4,007,000 participations of- other Federa lReserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis