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 27, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 26 member bank reserve balances increased $2$8 million. Additions to member bank reserves resulted from an increase of $l6l million in Reserve Bank credit and decreases of $114 million in money in circulation, $21 million in Treasury deposits with Federal Reserve Banks, and $18 million in nonmember deposits and other Federal Reserve accounts, offset in part by a decrease of $50 million in gold stock and an increase of $5 million in Treasury cash holdings. Excess reserves of member banks on July 26 were estimated to be approximately $850 million. Holdings of loans, discounts an dadvances increased $151 million and of United States Government securities $95 million, the latter change reflecting an-' increase of $429 million in bills and decreases of $289 million in bonds and $45 million in notes. Changes in member bank reserve balances and related items during the week and the year ended July 26, were as follows: Increase or decrease since July 26, July 19, July 27, 1950 1950 1949 (In millions of dollars) U. S. Government securities 17,964 + 95 - 526 Loans, discounts and advances 353 +151 64 Other Reserve Bank credit 319 - 85 + 151 Total Reserve Bank credit 18,636 +161 - 439 Gold stock 24,157 - 50 - 363 Treasury currency outstanding 4,605 - 1 + 11 Member bank reserve balances 16,415 +258 -1,071 Money in circulation 26,915 -114 - 4l8 Treasury cash holdings 1,315 + 5 + 8 Treasury deposits with F. R. Banks 504 - 21 + 57 Nonmember deposits and other F. R« accounts 2,248 - 18 + 631 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 26, July 19, July 27; 1950 1950 1949 A S S E TS Gold certificates 22,373,430 - 55,001 - 341,001 Redemption fund for F. R. notes 522,533 + 188 - 48,296 Total gold certificate reserves 22,895,963 - 54,813 - 389,297 Other cash 264,579 + 14,262 - 42,896 Discounts and advances 350,336 +150,803 - 66,319 Industrial loans 2,676 3 ++ 22,,115577 U. S. Govt, securities: Bills 4,057,547 +428,300 + 321,852 Certificates 2,778,550 -3,841,950 — — — Notes 6,131,000 - 44,700 +5,777,400 Bonds 44,,999977,,110000 --228888,,990000 --22,,778833,,110000 Total U. S. Government securities 17,964,197 + 94,700 - 525,798 Total loans and securities 18,317,209 +245,500 - 589,960 Due from foreign banks 24 mm mm mm 25 F. R. notes of other banks 139,400 - 1,132 + 14,474 Uncollected items 2,795,695 -360,277 + 564,692 Bank premises 35,546 + 108 + 2,912 Other assets 88,927 + 3,077 - 21,485 TOTAL ASSETS 44,537,343 -153,275 - 461,585 L I A B I L I T I ES Federal Reserve notes 22,768,730 - 99,675 - 474,631 Deposits: Member bank-reserve account 16,415,032 +257,723 -1,070,894 U. S. Treasurer-general account 503,995 - 21,479 + 57,259 Foreign 1,174,069 - 27,578 + 706,872 Other 264,963 + 4,267 - 144,402 Total deposits 18,358,059 +212,933 451,165 - Deferred availability items 2,476,816 -275,592 + 414,025 Other liabilities including accrued dividends + 2,767 + 432 TOTAL LIABILITIES 4• 3,615,224 -159,567 511,339 - C A P I T AL A C C O U N TS Capital paid in 220,149 + 139 + 13,409 Surplus (Section 7) 488,173 + 21,462 Surplus (Section ljb) 27,543 Other capital accounts 186,254 + 6,153 + 14,883 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,537,343 -153,275 461,585 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 55-7$ • 3$ + • 3# Contingent liability on acceptances purchased for foreign correspondents 7,919 + 1,995 + 4,993 Commitments to make industrial loans 1,426 + 55 850 - 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 JULY 26 ,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 22,373,430 884,839 6,935,433 1274,901 1663,283 1015,605 970,687 4431,648 649,380 422,869 848,728 628,680 2647,377 Redemption fund for F. R. notes 522,533 52,289 34,842 46,939 60,419 46,969 36,777 80,679 41,706 21,848 33,791 26,205 4400,,006699 Total gold certificate reserves 22,895,963 937,128 6,970,275 1321,840 1723,702 1062,574 1007,464 4512,327 691,086 444,717 882,519 654,885 2687,446 Other cash 264,579 25,402 53,039 15,589 18,842 15,415 21,135 40,844 13,097 7,734 9,913 10,836 32,733 Discounts and advances 350,336 6,131 203,853 3,505 15,747 9,970 6,810 49,256 7,299 18,450 8,641 995 19,679 Industrial loans 2,676 30 2,335 1 112 --- --- --- 198 --- --- U. S. Govt, securities Bills 4,057,547 279,727 945,782 269,831 376,118 262,142 217,339 615,319 223,818 125,537 188,282 184,192 336699,,446600 Certificates 2,778,550 191,554 647,658 184,776 257,561 179,510 148,831 421,362 153,267 85,966 128,933 126,132 253,000 189,687 Notes 6,131,000 422,671 1,429,087 407,718 568,319 396,099 328,401 929,754 338,192 284,497 278,317 558,258 Bonds 4,997,100 344,500 1,164,784 332,312 463,211 322,844 267,663 757,799 275,646 154,604 231,881 226,844 455,012 Total U.S.Government securities 17,964,197 1238,452 4,187,311 1194,637 1665,209 1160,595 962,234 2724,234 990,923 555,794 833,593 815,485 1635,730 Total loans and securities 18,317,209 1244,583 4,391,194 1200,477 1680,957 1170,677 969,044 2773,490 998,222 574,442 842,234 816,480 1655,409 Due from foreign banks 24 2 1/ 7 2 2 1 1 3 1 1 1 1 2 6,655 8,617 16,661 F.R.notes of other banks 139,400 6,933 22,419 6,771 6,764 17,450 12,839 19,323 8,173 4,795 Uncollected items 2,795,695 216,671 500,727 176,434 253,826 226,664 174,927 447,574 150,497 85,884 154,217 172,158 236,116 Bank premises 35,546 1,097 7,762 2,948 4,848 2,567 1,509 3,929 2,023 1,130 2,275 697 4,761 Other assets 88,927 5,953 19,614 5,538 7,992 5,880 4,689 13,866 6,127 2,595 4,686 3,951 8,036 11,965,037 2191,608 7811,356 1869,226 1663,803 TOTAL ASSETS 44,537,343 2437,769 2729,599 3696,933 2501,228 1123,158 1904,462 4643,164 l/ After deducting $17,000 participations Of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 26, 1950 H.1(c) (In thousands of dollars) New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. L I A B I L I T I ES Total Boston 5,125,469 1602,625 2041,835 1496,871 1241,333 4447,113 1039,327 593,860 898,853 608,376 2288,555 Federal Reserve notes 22,768,730 1384,513 Deposits: 5,461,644 761,787 1202,081 659,476 663,859 2627,760 568,249 373,577 758,073 774,473 1883,033 Member bank-reserve acct. 16,415,032 681,020 103,501 46,543 37,597 32,449 35,667 42,359 38,708 25,793 30,389 42,093 33,576 U.S.Treasurer-general acct. 503,995 35,320 Foreign 1,174,069 73,452 1/374,240 93,272 106,097 58,295 48,968 160,894 41,972 29,148 43,138 40,807 103,786 Other 264,963 4,506 " 208,903 1,838 3,333 2,243 647 4,4l6 5,565 1,415 606 1,147 30,344 903,440 1349,108 752,463 749,1^1 2835,429 654,494 429,933 832,206 858,520 2050,739 Total deposits 18,358,059 794,298 6,148,288 151,344 220,262 202,113 159,425 399,418 137,724 73,847 136,700 160,822 218,198 Deferred availability items 2,476,8l6 199>146 417,817 Other liabilities including accrued dividends 11,619 852 3,907 513 1,125 550 480 1,688 435 351 377 512 829 TOTAL LIABILITIES 43,615,224 2378,809 11,695,481 2657,922 3612,330 2451,997 2150,379 7683,648 1831,980 1097,991 1868,136 1628,230 4558,321 Capital paid in 220,149 12,178 73,164 15,521 20,332 9,642 8,748 28,098 7,219 4,928 7,840 9,350 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 13b) 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 186,254 12,993 40,924 13.462 17,308 12,461 10,525 26,152 10,388 6,672 9,304 9.043 17,022 TOTAL LIABILITIES AND 44,537,343 2437,769 11,965,037 2729,599 3696,933 2501,228 2191,608 7811,356 1869,226 1123,158 1904,462 1663,803 4643,164 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 7,919 499 2/2,487 633 721 396 332 1,093 285 198 293 277 705 Commitments to make industrial loans 1,426 521 451 60 — 272 122 1438^037 5,293~08l 1662,534 2123,858 1558,329 1310,606 4539,132 1088,355 610,889 930,404 646,863 2430,117 F.R. notes outstanding 23,632,205 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 260,555 5,060 196,140 .2,145 8,320 -- --- 6,687 18,025 8,012 -- l6,l66 U.S. Govt, securities 10,550,000 1100,000 700,000 1000,000 1250,0 00 950,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,00C MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within l6 to 31 to 51 to 91 days to 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 350,336 328,451 16,875 3,071 1,906 33 ——— Industrial loans 2,676 42 5 235 721 403 184 320 "7 66 U.S. Govt, securities 17,964,197 941,837 813,925 2,045,411 2,442,074 1,056,050 2,630,700 2,905,800 2,230,900 2,897,500 l/ After deducting $799,8 08^000 participations of other Federa lReserve Banks 2/ After deducting $5, 432,000 participations of other Federa lReserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis