H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) August 10, 1950 CONDITION OF THE FEDERA LRESERVE BANKS During the week ended August 9 member ban kreserve balances decreased $29 million. Reductions in member bank reserves resulted from increases of $103 million in Treasury deposits with Federal Reserve Banks, $15 million in money in circulation, and $5 million in Treasury cash holdings, and a decrease of $101 million in gold stock ,offset in part b yan increase of $142 million in Reserve Bank credit and a decrease of $54 millio nin nonmember deposits and other Federal Reserve accounts. Excess reserves of member bank son August 9 were estimated to be approximately $870 million. Holdings of loans, discounts an dadvances decreased $38 million, while holdings of United States Government securities increased $206 million, the latter change reflecting increases of $116 millio nin certificates, $85 million in notes and $74 million in bills, and a decrease of $69 million in bonds. Changes in member ban kreserve balances and related items during the week and the year ended August 9, 1950 ,were as follows: Increase or decrease since August 9> August 2, August 10, 1950 1950 1949 (In millions of dollars) U. S. Government securities 18,349 +206 -257 Loans, discounts and advances 265 - 38 +127 Other Reserve Bank credit 290 - 26 +110 Total Reserve Bank credit 18,904 +142 - 20 Gold stock 24,035 -101 -533 Treasury currency outstanding 4,608 - 1 + 16 Member bank reserve balances 16,366 - 29 -981 Money in circulation 27,015 + 15 -394 Treasury cash holdings 1,309 + 5 - 5 Treasury deposits with F. R. Banks 667 +103 +297 Nonmember deposits and other F. R. accounts 2,190 - 54 +543 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 Aug. 9, Aug. 2, Aug. 10, 1950 1950 1949 A S S E TS Gold certificates 22,263,431 -100,000 493,998 Redemption fund for F. R. notes 522,256 56 46,017 - Total gold certificate reserves 22,785,687 -100,056 540,015 - Other cash 255,111 - 5,629 36,054 - Discounts and advances 262,645 - 37,983 • 124,751 Industrial loans 2,406 + 11 + 1,880 U. S. Govt, securities: Bills 4,287,047 + 73,800 + 197,852 Certificates 2,998,050 +115,500 -3,390,950 Notes 6,272,500 + 85,100 +5,919,900 Bonds 4,791,200 - 68,700 -2,984,000 Total U. S. Government securities 18,348,797 +205,700 257,198 - Total loans and securities 18,613,848 +167,728 130,567 Due from foreign banks 24 25 - F. R. notes of other hanks 137,542 + 7,005 + 27,046 Uncollected items 2,709,348 -124,148 + 470,846 Bank premises 35,591 + 7 + 2,897 Other assets 97,444 + 4,083 22,121 - TOTAL ASSETS 44,634,595 - 51,010 227,993 - L I A B I L I T I ES Federal Reserve notes 22,858,965 + 22,786 430,173 - Deposits: Member bank-reserve account 16,366,119 - 28,685 - 980,543 U. S. Treasurer-general account 667,405 +103,568 + 297,899 Foreign 1,140,853 - 67,849 + 646,431 Other 290,420 + 11,974 - 170,979 Total deposits 18,464,797 + 19,008 207,192 - Deferred availability items 2,419,194 - 98,464 + 360,688 Other liabilities including accrued dividends 10,570 + 995 + 1,018 TOTAL LIABILITIES 43,753,526 - 55,675 275,659 - C A P I T AL A C C O U N TS Capital paid in 220,374 + 195 + 13,571 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 mm mm mm Other capital accounts 144,979 + 4,470 + 12,633 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,634,595 - 51,010 227,993 - Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 55.1# - ,,3% - Contingent liability on acceptances purchased for foreign correspondents 9,518 + 1,767 6,246 Commitments to make industria lloans 1,714 T 10 335 - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON AUGUST 9, 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 22,263,431 873,569 6,725,827 1257,130 1652,576 990,922 968,879 4506,693 642,914 444,823 881,441 649,718 2668,939 Redemption fund for F. R. notes 522,256 52,267 34,777 46,934 60,400 46,940 36,754 80,628 4411,,669988 21,843 33,787 2266,,220000 40,028 v Total gold certificate reserves 22,785,687 925,836 6,760,604 1304,064 1712,976 1037,862 1005,633 4587,321 684,612 466,666 915,228 675,918 2708,967 Other cash 255,1H 25,859 50,297 16,859 19,114 15,357 19,682 38,607 10,921 7,251 8,960 10,584 31,620 Discounts and advances 262,645 18,956 105,563 6,990 54,487 10,165 7,261 22,096 12,908 5,555 5,354 912 12,398 Industrial loans 2,4o6 29 2,038 1 128 5 — 205 --- — — — --- U. S. Govt, securities: Bills 4,287,047 295,5*9 999,276 285,093 397,392 276,969 229,631 650,122 236,478 132,637 198,932 194,611 390,357 Certificates 2,998,050 204,204 726,430 196,979 274,571 191,366 158,660 449,189 163,389 91,643 137,448 134,462 269,709 Notes 6,272,500 431,013 1,477,791 415,764 579,535 403,917 334,882 948,103 344,867 193,431 290,112 283,809 569,276 Bonds 4,791,200 328,995 1,131,362 317,356 442,364 308,313 255,618 723,695 263,239 147,647 221,444 216,634 434,533 —"SPstal U.S.Government securities 18,348,797 1259,761 4,334,859 1215,192 1693,862 1180,565 978,791 2771,109 1007,973 565,358 847,936 829,516 1663,875 Total loans and securities 18,613,848 1278,717 4,440,451 1224,220 1748,350 1190,858 986,057 2793,205 1020,881 571,118 853,290 830,428 1676,273 Due from foreign banks 24 2 1/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other bank s137,542 9,659 23,263 6,993 5,586 18,126 13,819 15,983 7,722 8,094 8,615 5,736 13,946 Uncollected items 2,709,348 212,327 469,556 171,399 226,083 236,998 188,372 445,447 157,884 85,730 151,837 130,009 233,706 Bank premises 35,591 1,097 7,744 2,948 4,846 2,580 1,509 3,929 2,020 1,127 2,269 694 4,828 Other assets 97,444 6,488 21,531 6,177 8,899 6,244 5,197 15,171 6,688 2,926 5,085 4,248 8,790 TOTAL ASSETS 44,634,595 2459,985 11,773,453 2732,662 3725,856 2508,026 2220,270 7899,666 1890,729 1142,913 1945,285 1657,618 4678,132 ~Lj 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 FEDERAL RESERVE BANKS ON AUGUST 9, (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 22,858,965 1385,98? 5,139,227 1605,400 2046,930 1503,103 1248,536 4459,553 1043,059 594,473 904,600 615,500 2312,597 Deposits: Member bank-reserve acct. 16,366,119 693,921 5,286,647 768,793 1197,701 661,738 675,642 2640,099 579,154 385,300 768,851 811,965 1896,308 U.S. Treasurer-general acct. 667,4-05 52,713 87,717 46,960 87,517 25,788 38,308 125,445 42,048 33,337 57,651 33,050 36,871 Foreign 1,140,853 71,423 1/363,-114 90,696 103,166 56,685 47,615 156,451 40,813 28,343 41,947 39,680 100,920 Other " 290,420 3,907 228,289 3,901 4,311 2,538 519 4,603 5,708 1,259 2,623 438 32,3: elk Total deposits 18,464,797 821,964 5,965,767 910,350 1392,695 746,749 762,084 2926,598 667,723 448,239 871,072 885,133 2066,423 Deferred availability items 2,419,194 194,951 405,642 147,548 204,548 211,094 170,113 390,155 144,485 75,816 134,752 122,864 217,226 Other liabilities including accrued dividends 10,570 875 2,622 575 1,000 586 505 1,803 466 502 419 390 827 TOTAL LIABILITIES 43,753,526 2403,777 11,513,258 2663,873 3645,173 2461,532 2181,238 7778,109 1855,733 1119,030 1910,843 1623,887 4597,073 Capital paid in 220,374 12,183 73,140 15,535 20,371 9,640 8,750 28,172 7,222 4,933 7,872 9,425 23,131 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, l4c Other capital accounts 144,979 10,236 31,587 10,560 13,349 9,726 8,326 19,927 8,135 5,383 7,388 7,126 13,236 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,634,595 2459,985 11,773,453 2732,662 3725,856 2508,026 2220,270 7899,666 1890,729 1142,913 1945,285 1657,618 4678,132 Contingent liability on acceptances purchased for foreign correspondents 9,518 600 2/2,989 761 866 476 4oo 1,313 343 238 352 333 847 Commitments to make industrial loans 1,714 816 449 6c 270 US F.R. notes outstanding 23,634,424 1441,627 5,286,737 1655,86? 2120,956 1563,273 1308,274 4539,180 1092,227 608,046 931,944 647,356 2438,931 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 161,951 17,885 98,085 5,630 --- 9,315 --- 12,296 5,130 4,725 — 8,88; 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 mouths to 1 year years years 5 years Discounts and advances 262,645 252,526 7,320 1,165 1,618 l6 **•» Industrial loans 2,4o6 33 209 4?1 137 290 173 32? 766 U.S. Govt, securities 18,348,797 1,251,452 713,134 3,476,038 1,256,123 1,091,050 5,469,200 244,300 2,174,QOO 2,672,600 l/ After deducting $777,718,000 participations of other Federal Reserve Banks Digitized for FRASER 2/ After deducting $6,529,000 participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis