H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNOR SOF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release )August 17, 1950 CONDITION OF THE FEDERA LRESERVE BANKS During the week ended August 16 member ba nrkeserve balances decreased $68 million. Reductions in member ban kreserves resulted from decreases of $81 million in gold stoc kand $15 million in Reserv eBank credit and an increase of $50 million in Treasur ydeposits with Federa lReserve Banks, offset in part by decreases of $39 millio nin mone yin circulatio nand $39 millio nin nonmember deposits and other Federa lReserve accounts. Excess reserves of member bank son August 16 wer eestimated to b eapproximately $730 million. Holdings of loans, discounts a n-dadvances decreased $157 million and of United States Government securities $15 million, the latter change reflecting decreases of $100 millio nin bond sand $16 millio nin bill sand increases of $65 million in note sand $36 million in certificates. Changes in member ban kreserve balances an drelated items during the week and the year ended August 16, 1950 ,were as follows: Increase or decrease since August 16, August 9, August 17, 1950 1950 1949 (in millions of dollars) U. S. Government securities 18,334 - 15 +108 Loans, discounts an dadvances 108 -157 -133 Other Reserve Bank credit 447 +157 +220 Total Reserve Bank credit 18,889 - 15 +195 Gold stock 23,954 - 81 -654 Treasury currency outstanding 4,608 + 16 Member bank reserve balances 16,298 - 68 -798 Money in circulation 26,976 - 39 -407 Treasury cash holdings 1,309 «•» - k Treasury deposits with F. R, Banks 717 + 50 +273 Nonmember deposits and other F. R. accounts 2,151 - 39 +493 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 August 16, August 9, August 17, 1950 1950 1949 A S S E TS Gold certificates 22,190,429 - 73,002 - 600,002 Redemption fund for F. R. notes 519,420 - 2,836 - 50,460 Total gold certificat ereserves 22,709,049 - 75,838 - 650,462 Other cash 255,943 + 832 - 40,799 Discounts and advances 105,648 -156,997 - 134,359 Industrial loans 2,251 155 + 1,733 U. S. Govt, securities: Bills 4,271,167 - 15,880 + 427,872 Certificates 3,033,550 + 35,500 -3,223,350 Notes 6,338,000 + 65,500 +5,987,400 Bonds 4,690,900 -100,300 -3,084,300 Total U. S. Government securities 18,333,617 - 15,180 + 107,622 Total loans an dsecurities 18,441,516 -172,332 - 25,004 Due from foreign banks 24 25 F. R. note sof othe rbanks 131,414 6,128 + 7,687 Uncollected items 3,522,829 +813,481 + 846,039 Bank premises Other assets 35,827 + 236 + 3,131 101,460 + 4,016 - 22,909 TOTAL ASSETS 45,198,862 +564,267 117,658 L I A B IL I T IE S Federal Reserve notes 22,819,958 - 39,007 - 456,961 Deposits: Member bank-reserve account 16,297,890 - 68,229 797,688 U. S. Treasurer-general account Foreign 717,231 + 49,826 + 273,449 Other 1,105,046 - 35,807 + 612,493 Total deposits 286,766 - 3,654 - 190,233 Deferred availability items 10,406,933 - 57,064 - 101,979 3,075,830 +656,636 + 626,412 Other liabilities including accrued dividends U'071 TOTAL LIABILITIES 44,313,792 +560,266 + 69,946 C A P I T AL A C C O U N TS Capital paid in Surplus (Section 7) 220,436 + 62 + 13,530 Surplus (Section 13b) 488,173 --- + 21,462 27,543 Other capital accounts 148,918 + 3,939 + 12,720 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,190,862 +564,267 + 117,658 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 55.1$ .8# Contingent liability on acceptances purchased for foreign correspondents 15,479 + 5,961 + 12,200 Commitments to make industria lloans 2,352 + 638 285 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.4.1(b) STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON AUGUS Tl6, 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 22,190,429 858,856 6,769,278 1251,668 1653,927 1003,614 976,292 4479,790 624,914 427,179 890,079 633,238 2621,394 Redemption fund for ' ' F. R. notes 519,420 52,003 33,681 46,384 60,015 47,546 36,488 80.235 41.586 21.808 33.715 26.120 39.839 Total gold certificate reserves 22,709,849 910,859 6,802,959 1298,052 1713,942 1051,360 1012,780 4560,025 666,500 448,987 923,794 659,358 2661,233 Other cash 255,943 28,675 51,842 13,472 22,096 l4,4l6 18,618 37,487 10,676 6,940 9,846 11,658 30,217 Discounts and advances 105,648 10,436 29,168 2,120 8,117 13,515 5,846 1,226 7,322 7,900 9,819 587 9,592 Industrial loans 2,251 29 1,906 1 111 5 199 U. S. Govt, securities: Bills 4,271,167 294,454 995,575 284,037 395,920 275,943 228,781 647,714 235,602 132,146 198,195 193,889 388,911 Certificates 3,033,550 206,652 734,706 199,340 277,861 193,659 160,561 454,573 165,348 92,741 139,095 136,073 272,941 Notes 6,338,000 435,666 1,491,525 420,253 585,792 408,278 338,498 958,339 348,590 195,519 293,244 286,874 575,422 Bonds 4,690,900 322,149 1,107,214 310,753 433,160 301,898 250,298 708,636 257,761 144,575 216,837 212,127 425,492 .Total ILS. Government securities 18,333,617 1258,921 4,329,020 1214,383 1692,733 1179,778 978,138 2769,262 1007,301 564,981 847,371 828,963 1662,766 Total loans and securities 18,441,516 1269,357 4,358,217 1218,409 1700,851 1193,4o4 983,989 2770,488 1014,623 573,080 857,190 829,550 1672,358 Due from foreign tanks 24 2 1/ 7 2 2 1 1 3 1 1 ± 1 2 F.R.notes of other bank s131,414 7,273 22>23 6,316 6,218 16,839 9,406 16,536 7,089 9,296 8,327 6,297 15,394 Uncollected items 3,522,829 277,427 638,679 231,491 334,816 298,219 227,414 583,312 195,373 102,513 170,442 155,811 307,332 Bank premises 35,827 1,097 7,744 2,948 4,842 2,580 1,509 4,Ol4 2,020 1,127 2,269 694 4,983 Other assets 101,460 6,794 22,585 6,384 9.368 6,601 5,436 15.479 6,907 3,040 5,199 4.534 9,133 TOTAL ASSETS 45,198,862 2501,484 11,904,456 2777,074 3792,135 2583,42 02259,153 7987,34 41903,189 1144,984 1977,068 1667,903 4700,652 1/ 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 CONDITIO NOF THE FEDERA LRESERVE BANKS ON AUGUS Tl6, I95O (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 22,819,958 1385,395 5,133,998 1599,708 2044,094 1503,862 1239,76 24461,9251 040,753 592,941 901,639 609,727 2306,154 Deposits: Member bank-reserve acct *16,297,890 679,330 5,234,431 770,464 1208,368 666,910 660,544 2663,440 567,039 381,309 797,277 798,360 1870,418 U.S.Treasurer-general acct. 717,231 53,465 139,241 53,274 8o,4o4 44,387 62,331 82,837 39,624 31,830 48,825 33,880 47,133 Foreign 1,105,046 69,275 1/ 350,699 87,968 100,064 54,980 46,183 151,745 39,586 27,490 40,685 38,486 97,885 Other 286,766 4,365 215,618 2,839 4,584 2,494 1,664 4,332 5,488 1,429 3,414 1,430 39,109 Total deposits l8,4o6,933 806,435 5,939,989 914,545 1393,420 768,771 770,722 2902,354 651,737 442,058 890,201 872,156 2054,545 Deferred availability items 3,075,830 252,297 566,164 193,215 272,408 263,481 208,935 499,216 175,072 85,452 150,233 151,643 257,714 Other liabilities including accrued dividends 11,071 942 3,094 537 1,121 540 476 1,652 447 534 435 44l 852 TOTAL LIABILITIES 44, 313,792 2445,069 11,643,245 2708,005 3711,043 2536,654 2219,895 7865,147 1868,009 1120,985 1942,508 1633,967 4619,265 Capital paid in 220,436 12,183 73,148 15,539 20,375 9,661 8,750 28,173 7,225 4,936 7,873 9,440 23,133 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 3,0ii 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l40 Other capital accounts 148,918 10,443 32,595 10,836 13,754 9,977 8,552 20,566 8,316 5,496 7,505 7,316 13,562 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,198,862 2501,484 11,904,456 2777,074 3792,135 2583,42 02259,153 7987,34 41903,189 1144,984 1977,068 1667,903 4700,652 Contingent liability on acceptances purchased for foreign correspondents 15,479 975 2/ 4,86o 1,238 1,409 774 650 2,136 557 387 573 5^2 1,378 Commitments to make industrial loans 2,3^2 ——— ——— ^ 95 4^ 449 60 270 - $00 — — 1 19 F.R. notes outstanding 23, 623,366 1447,047 5,280,588 1652,996 2119,737 1558,407 1305,188 4546,583 1086,215 606,718 930,016 644,176 2445,695 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 82,984 10,310 25,o4O 1,960 13,415 7,250 7,850 9,745 7,414 U.S. Govt, securitie s10, 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 LOAN SAND SECURITIES Within l6 to 31 to 61 to 91 days to "^"months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months to I year years years 5 years Discounts and advances 105,648 100,480 2,019 1,543 1,590 Industrial loans 2,251 210 29 303 143 300 177 324 765 U.S. Govt, securities 18,333,617 1,313,093 1,267,686 2,772,801 1,359,787 1,091,050 5,536,700 246,300 2,172,900 2,573,300 1/ After deducting $754,326,000 participations of other Federa lReserve Banks. Digitized for FRASER 2/ Setter deducting '|io,ol9',000 participations of other federa lReserve Banks-. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis