H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) August 3, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended. August 2 member bank reserve balances decreased $20 million. Reductions in member bank reserves resulted from increases of $85 million in money in circulation and $60 million in Treasury deposits with Federal Reserve Banks and a decrease of $21 million in gold stock, offset in part by increases of $126 million in Reserve Bank credit and $4 million in Treasury currency outstanding and decreases of $11 million in Treasury cash holdings and $4 million in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on August 2 were estimated to be approximately $860 million. Holdings of loans, discounts and advances decreased $50 million, while holdings of United States Government securities increased $179 million, the latter change reflecting increases of $155 million in bills, $104 million in certificates, and $57 million in notes, and a decrease of $137 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended August 2, 1950, were as follows: Increase or decrease since August 2, July 26, August 3f I95O 1950 1949 (In millions of dollars) U. S. Government securities 18,143 +179 - 550 Loans, discounts and advances 303 - 50 + 4 Other Reserve Bank credit 316 - 3 + 95 18,762 +126 - 451 Total Reserve Bank credit Gold stock 24,136 - 21 - 426 Treasury currency outstanding 4,609 + 4 + 16 Member bank reserve balances 16,395 - 20 -1,224 Money in circulation 27,000 + 85 - 419 Treasury cash holdings 1,304 - 11 8 Treasury deposits with F. R. Banks 564 + 60 + 153 Nonmember deposits and other F. R, accounts 2,244 - 4 + 637 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 j (In thousands of dollars) • Increase or decrease , since Aug. 2, July 26, Aug. 3, 1950 1950 1949 A S S E TS Gold certificates 22,363,431 - 9,999 - 383,998 Redemption fund for F. R. notes 522,312 221 - 50,107 Total gold certificate reserves 22,885,743 - 10,220 - 434,105 Other cash 260,740 - 3,839 - 38,053 Discounts and advances 300,628 - 49,708 + 2,284 Industrial loans 2,395 281 + 1,855 U. S. Govt, securities: Bills 4,213,247 +155,700 + 280,452 Certificates 2,882,550 +104,000 -3,743,950 Notes 6,187,400 + 56,400 +5,833,800 Bonds 44,,885599,,990000 -137,200 -2,920,300 Total U. S. Government securities 18,143.097 +178,900 - 549,998 Total loans and securities 18,446,120 +128,911 - 545,859 Due from foreign banks 24 - 25 F. R. notes of other banks 130,537 - 8,863 + 13,854 Uncollected items 2,833,496 + 37,801 + 582,906 Bank premises 35,584 + 38 + 2,987 Other assets 93,361 + 4,434 - 22,357 TOTAL ASSETS 44,685,605 +148,262 440,652 - L I A B I L I T I ES Federal Reserve notes 22,836,179 + 67,449 - 474,792 Deposits: Member bank-reserve account 16,394,804 - 20,228 -1,, 222244,,443344 U. S. Treasurer-general account 563,837 + 59,842 + 152,651 Foreign 1,208,702 + 34,633 + 715,139 Other 278,446 + 13,483 - 146,007 Total deposits 18,445,789 + 87,730 - 502,651 Deferred availability items 2,517,658 + 40,842 + 488,517 Other liabilities including accrued dividends 9,575 - 2,044 + 661188 TOTAL LIABILITIES 43,809,201 +193,977 - 488,308 C A P I T AL A C C O U N TS Capital paid in 220,179 + 30 + 13,406 Surplus (Section 7) 488,173 — — — + 21,462 Surplus (Section 13b) 27,543 - - Other capital accounts 140,509 - 45,745 + 12,788 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,685,605 +148,262 - 440,652 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 55-4% •• 33## + ..22$$ Contingent liability on acceptances purchased for foreign correspondents 7,751 116688 + 44,,000088 Commitments to make industrial loans 1,724 + 298 - 531 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(h) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 2, 1950 (In thousands of dollars) A S S E TS Total Boston New York Phlla. Cleve. Rich. Atlanta Chicago St«Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 22,363,431 857,765 6,787,477 1248,537 1642,778 1007,941 975,303 4521,092 652,042 459,919 878,284 658,459 2673,834 Redemption fund for F. R. notes To r t e a s l e r g v o e l s d certificate 22,885,743 910,032 6,822,254 1295,471 1703,177 1054,881 1012,057 4601,771 693,740 481,762 912,071 684,664 2713,863 D O i t s he co r u n c t a s s h a nd advances 2 3 6 0 0 0 , , 7 6 4 2 0 8 2 11 5 , ,1 9 6 8 0 1 1 5 6 2 6 , ,0 9 0 7 8 9 1 3 7, , 3 6 7 5 6 0 2 13 2 , , 1 6 1 2 2 9 15 3 , ,9 6 3 7 5 6 1 7 8 , ,0 0 7 1 1 0 4 57 0 , , 0 1 2 4 6 7 2 1 4 0 , ,7 0 6 4 7 2 6 6, ,8 3 1 1 3 5 1 9 5, ,4 5 5 5 1 8 1 1 2, ,1 0 1 9 2 1 2 1 9 0, , 8 5 7 8 9 0 208 Industrial loans 2,395 29 2,033 1 119 5 U. S, Govt, securities Bills 4,213,247 290,461 982,074 280,185 390,551 272,201 225,679 638,931 232,407 130,354 195,507 191,260 383,637 Certificates 2,882,550 198,171 678,034 191,161 266,460 185,713 153,972 435,919 158,563 88,935 133,388 130,491 261,743 Notes 6,187,400 425,732 1,451,437 410,670 572,435 398,968 330,779 936,487 340,641 191,061 286,557 280,332 562,301 Bonds 4,859,900 335,*2 1,132,804 323,188 450,493 313,979 260,316 736,994 268,077 150,360 225,514 220,615 442,518 Total U.S.Government securitie^YernmeD 18,143,097 1249,406 4,244,349 1205,204 1679,939 1170,861 970,746 2748,331 999,688 560,710 840,966 822,698 1650,199 securities"""" 18,446,120 1261,387 4,390,386 1210,88? 1693,052 1174,915 977,761 2805,357 1023,730 567,233 856,524 823,810 1661,078 1 2 Due from foreign hanks 24 2 l/ 7 2 2 1 1 „ 3 } * j- .i ,,, > 8 :8 « « :» i » :S > S ;S i ;S «.:» » ;> a S a i:jS S :S 1 :3 i« S ig W TOTAL ASSETS 44,685,605 2427,563 11,832,287 2736,716 3695,399 2511,437 2200,898 7971,515 1895,548 1149,899 1925,544 1665,892 4672,907 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 AUGUST 2, 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 22,836,179 1303,143 5,141,188 1603,028 2038,647 1506,166 1253,206 4454,323 1043,902 593,574 905,185 614,386 2299,431 Deposits: Member bank-reserve acct. 16,394,804 678,818 5,318,219 762,895 1191,345 661,938 656,593 2695,232 558,320 389,995 768,368 818,549 1894,532 U.S.Treasurer-general acct. 563,837 33,556 82,049 38,638 49,379 22,346 40,542 99,241 51,931 41,216 32,036 28,934 43,969 Foreign 1,208,702 75,795 1/383,354 96,248 109,482 60,155 50,530 166,028 43,312 30,078 44,515 42,108 107,097 Other 278,446 4,215 216,141 2,340 5,018 3,020 405 6,782 4,701 2,243 2,223 587 30.771 Total deposits 18,445,789 792,384 5,999,763 900,121 1355,224 747,459 748,070 2967,283 658,264 463,532 847,142 890,178 2076,369 Deferred availability items 2,517,658 195,354 >*29,942 164,568 220,031 211,093 160,373 427,388 158,241 68,743 138,690 127,530 215,705 Other liabilities including accrued dividends 9.575 §§! 2,188 498 1,192 495 436 1,642 446 320 4o8 361 724 TOTAL LIABILITIES 43,809,201 2371,746 11,573,001 2668,215 3615,094 2465,213 2162,085 7850,636 1860,853 1126,169 1891,425 1632,455 4592,229 Capital paid in Surplus (Section 7) 220,179 12,183 73,133 15,528 20,364 9,638 8,748 28,112 7,222 4,928 7,842 9,350 23,131 Surplus (Section 13b) 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 Other capital accounts 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 TOTAL LIABILITIES AND 140,509 9,845 30,605 10,279 12,978 9,458 8,109 19,309 7,834 5,235 7,095 6,907 12,855 CAPITAL ACCOUNTS 44,685,605 2427,563 II;§32,287 2736,716 3^95,399,2511,437 2200,898 7971,515 1895,548 1149,899 1925,544 1665,892 4672,907 Contingent liability on acceptances purchased for foreign correspondents 7,751 488 620 705 388 325 1,070 279 194 287 271 690 Commitments to make industrial loans 1,724 820 450 60 —- 272 122 F.R. notes outstanding 23,619,964 11443399,,330055 5,280,076 1657,376 2117,601 1564,829 1313,609 4534,267 1085,603 609,099 933,137 649,371 2435,691 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 2000,000 Eligible paper 208,245 10,910 140,645 2,290 — 2,785 ---• — 23,430 5,890 14,929 --- 7,366 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 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 300,628 277,564 19,820 1,470 1,714 60 Industrial loans U.S. Govt, securities 18,14 2 3 , , 3 0 9 9 5 7 1,183,06 3 7 7 757,8 19 1 9 8 3,497, 4 3 4 0 8 2 1,065,7 1 6 5 0 0 1,067, 2 0 9 $ 2 0 1 5 7 , 9 3 81,200 243, 3 3 2 0 3 0 7 2 6 ,1 7 8 7,300 2,760,300 1/ After deducting $825,327,000 participations of other Federal Reserve Banks. 2/ After deducting $5,317,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis