H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.U.I (For Immediate Release) July 20, 1950 CONDITION OF THE FEDERA LRESERVE BANKS During the week ended July 19 member ban kreserve balances decreased $291 million. Reductions in member bank reserves resulted from a decrease of $282 million in Reserve Bank credit and increases of $142 million in Treasury deposits with Federal Reserve Banks and $5 million in nonmember deposits and other Federal Reserve accounts, offset in part b ya decrease of $140 million in money in circulation. Excess reserves of member bank son July 19 were estimated to be approximately $670 million. Holdings of loans, discounts an dadvances increased $134 million, while holdings of United States Government securities decreased $425 million, the latter change reflecting decreases of $204 million in bills, $125 million in bonds, $53 million in certificates, and $43 million in notes. Changes in member ban kreserve balances and related items during the week and the year ended July 19, 1950# were as follows: Increase or decrease since July 19, July 12, July 20, 1950 1950 1949 (In millions of dollars) U. S. Government securities 17,869 -425 - 605 Loans, discounts and advances 202 +134 - 159 Other Reserve Bank credit 4o4 + 8 + 143 Total Reserve Bank credit 18,475 -282 - 621 Gold stock 24,207 - 311 — — Treasury currency outstanding 4,606 + 11 Member bank reserve balances 16,157 -291 -1,258 Money in circulation 27,029 -l4o - 337 Treasury cash holdings 1,310 + 1 Treasury deposits with F. R. Banks 525 +142 + 76 Nonmember deposits and other F. R. accounts 2,266 + 5 + 596 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.4.1(a) OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since July 19, July 12, July 20, 1950 1950 1949 A S S E TS Gold certificates 22,428,431 - 1,997 - 276,002 Redemption fund for F. R, notes 522,345 - 4,187 - 62,148 Total gold certificate reserves 22,950,776 - 6,184 - 338,150 Other cash 250,317 + 26,029 - 49,636 Discounts and advances 199,533 +134,690 - 160,733 Industrial loans 2,679 + 8 + 2,159 U. S. Govt, securities Bills 3,629,247 -203,328 - 39,948 Certificates 2,778,550 - 52,500 -3,892,450 Notes 6,175,700 - 43,000 +5,822,100 Bonds 5,286,000 -125,400 -2,494,200 Total U. S. Government securities 17,869,497 -424,228 - 604,498 Total loans and securities 18,071,709 -289,530 - 763,072 Due from foreign fcanks 24 25 F. R. notes of other banks 140,532 + 17,445 + 12,886 Uncollected items 3,155,972 +226,093 + 575,892 Bank premises 35,438 + 125 + 2,776 Other assets 85,850 + 3,749 - 18,658 TOTAL ASSETS 44,690,618 - 22,273 - 577,987 L I A B I L I T I ES Federal Reserve notes 22,868,405 -100,958 - 410,521 Deposits: Member bank-reserve account 16,157,309 -291,178 -1,257,875 U. S. Treasurer-general account 525,474 +142,766 + 76,718 Foreign 1,201,647 + 21,721 + 675,497 Other 260,696 - 16,602 - 143,357 Total deposits 18,145,126 -143,293 - 649,017 Deferred availability items 2,752,408 +218,625 + 433,526 Other liabilities including accrued dividends • 8,852 - },171 326 TOTAL LIABILITIES 43,774,791 - 26,797 - 626,338 C A P I T AL A C C O U N TS Capital paid in ' 220,010 + 244 + 14,014 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts 180,101 + 4,280 + 12,875 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,690,618 - 22,273 - 577,987 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 56.0# + .4$ + Contingent liability on acceptances purchased for foreign correspondents 5,924 + 83 + 2,837 Commitments to make industrial loans 1,371 20 886 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON JULY 19, 1950 A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 22,428,431 907,756 6,849,746 1297,258 1654,126 1029,281 972,096 4464,604 665,429 438,357 847,438 632,559 2669,781 Redemption fund for F. R. notes 522,345 50,476 35,655 46,342 60,663 47,241 3366,,999922 8800,,996677 41,800 21,878 33,849 2266,,227733 40,209 Total gold certificate reserves 22,950,776 •958/232 6,885,401 1343,600 1714,789 1076,522 1009,088 4545,571 707,229 460,235 . 881,287 658,832 2709,990 Other cash 250,317 23,626 48,562 15,774 20,925 14,169 20,436 35,353 12,138 6,390 10,059 11,103 31,782 Discounts and advances 199,533 6,651 37,718 2,885 22,447 9,255 15,249 49,511 6,732 21,860 15,601 945 10,679 Industrial loans 2,679 30 2,328 1 120 ---» — — — 200 --- • •• — — U. S. Govt, securities: Bills 3,629,247 250,200 845,948 241,349 336,417 234,471 194,397 550,368 200,193 112,285 168,408 164,750 330,461 Certificates 2,778,550 191,554 647,658 184,776 257,561 179,510 148,831 421,362 153,267 85,966 128,933 126,132 253,000 Notes 6,175,700 425,753 1,439,506 410,690 572,463 398,987 330,795 936,533 340,658 191,070 286,571 280,346 562,328 Bonds 5,286,000 364,4l6 1,232,125 351,524 489,990 341,509 283,139 801,611 291,581 163,543 245,286 239,958 481,318 Total U.S.Government securities 17,869,497 1231,923 4,165,237 1188,339 1656,431 1154,477 957,162 2709,874 985,699 552,864 829,198 811,186 1627,107 Total loans and securities 18,071,709 1238,574 4,202,985 1193,552 1678,879 1163,852 972,411 2759,385 992,431 574,924 844,799 812,131 1637,786 Due from foreign banks 24 2 1/ 7 2 2 1 1 3 1 l 1 1 2 F.R.notes of other bank s140,532 9,290 267921 7,447 7,247 15,481 12,108 18,622 7,043 6,165 9,085 4,888 16,235 Uncollected items 3,155,972 247,691 589,532 209,542 300,480 252,829 198,532 509,398 169,495 89,693 174,130 151,765 262,885 Bank premises 35,438 1,101 7,762 2,953 4,855 2,549 1,513 3,950 2,022 1,130 2,275 697 4,631 Other assets 85,850 5,686 19,090 5,436 7,827 5,569 4,510 13,173 5,969 2,473 4,546 3,877 7,694 TOTAL ASSETS 44,690,618 2484,202 11,780,260 2778,306 3735,004 2530,972 2218,599 7885,455 1896,328 1141,011 1926,182 1643,294 4671,005 l/ After deducting $17,000 participation sof other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON JULY 19, 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 22,868,1*05 1389,973 5,148,043 1611,720 2(*9>638 1502,071 1246,70 14468,107 1044,379 597,373 903,064 609,658 2303,678 Deposits: Member bank-reserve acct .16,157,309 688,824 5,183,909 764,558 1188,333 658,840 678,560 2610,327 577,594 383,342 763,395 777,710 1881,917 U.S.Treasurer-general acct. 525,474 38,707 93,714 51,653 44,169 31,590 27,384 88,270 32,642 25,787 30,241 28,799 32,518 Foreign 1,201,647 75,367 1/380,965 95,704 108,863 59,815 50,245 165,089 43,067 29,908 44,263 41,870 106,491 Other 260,696 5,178 199,920 5,233 4,587 3,599 455 2,792 6,009 1,190 661 487 30,585 Total deposits 18,145,126 808,076 5,858,508 917,148 1345,952 753,844 756,644 2866,478 659,312 440,227 838,560 848,866 2051,511 Deferred availability items 2,752,408 226,905 503,183 177,766 254,432 225,790 173,968 428,708 155,372 78,118 148,255 149,059 230,852 Other liabilities including accrued dividends 8,852 748 2,363 4l6 948 437 388 1,437 352 331 332 420 680 TOTAL LIABILITIES 43,774,791 2425,702 11,512,097 2707,050 3650,97 02482,142 2177,701 7758,730 1859,415 1116,049 1890,211 1608,003 4586,721 Capital paid in 220,010 12,177 73,153 15,517 20,317 9,642 8,742 28,013 7,218 4,923 7,831 9,348 23,129 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 13) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o Other capital accounts l80,101 12,534 39,542 13,045 16,754 12,060 10,200 25,254 10,056 6,472 9,958 8,763 16,463 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,690,618 2484,202 11,780,260 2778,306 3735,004 2530,972 2218,599 7885,455 1896,328 n4l,0ll 1926,182 1643,294 4671,005 Contingent liability on acceptances purchased for foreign correspondents 5,924 373 2/1,860 474 539 296 249 818 213 148 219 208 527 Commitments to make industrial loans 1,371 468 452 60 269 122 F.R. notes outstanding 23,688,381 1439,459 5,302,043 1667,921 2127,176 1566,997 1316,268 4546,968 1095,771 613,091 932,370 646,231 2434,086 Collateral for F.R. notes held by F.R. Agents: Gold certificates l4,304,000 440,000 4,770,000 750,000 925,000 670,000 675,000 2980,000 400,000 210,000 280,000 204,000 2000,000 Eligible paper 99,522 5,580 32,320 1,525 8,405 --- —- 6,120 21,435 14,972 — 9,165 U.S. Govt, securities 10,550,000 1100,000 700,000 1000,000 1250,000 950,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within l6 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 199,533 178,875 1,575 17,862 1,176 PT 1 Industrial loans 2,679 46 5 245 721 400 184 307 771 U.S. Govt, securities 17,869,497 880,360 713,802 1,897,104 2,323,681 1,056,050 2,609,200 2,895,800 2,307,100 3,186,400 1/ After deducting $820,662,000 participations of other Federa lReserve Banks, 2/ After deducting $4,064,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis