H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF TH EFEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) August 24, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 23 member bank reserv ebalances increased $144 million. Additions to member bank reserves resulted from decreases of $155 million in Treasury deposits with Federal Reserve Banks, $131 million in nonmember deposits and other Federal Reserve accounts, and $13 million in money in circulation, offset in part by decreases of $151 million in gold stock and $6 million in Reserve Bank credit. Excess reserves of member banks on August 23 were estimated to be approximately $800 million. Holdings of loans, discounts and advances increased $9 million and of United States Government securities $243 million, the latter change reflecting increases of $749 million in bonds and $597 million in certificates and decreases $567 $536 of million in notes and million in Mils. Changes in member bank reserv ebalances and related items during the week and the year ended August 23, 1950, were as follows: Increase or decrease since Aug. 23, Aug. 16, Aug. 24, 1950 1950 1949 (In millions of dollars) U. S. Government securities 18,577 +243 +774 Loans, discounts and advances 117 + 9 + 1 Other Reserve Bank credit I89 -258 + 27 Total Reserve Bank credit 18,883 6 +802 Gold stock 23,803 -151 -807 Treasury currency outstanding 4,609 + l + 18 Member bank reserve balances 16,442 +144 - 67 Money in circulation 26,963 - 13 -365 Treasury cash holdings 1,308 - 1 - 13 Treasury deposits with F. R. Banks 562 -155 + 77 Nonmember deposits and other F. R. accounts 2,020 -131 +381 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 Aug. 23, Aug. 16, Aug. 24, 1950 1^0 1949 A S S E TS Gold certificates 22,050,429 -140,000 - 740,000 Redemption fund for F. R. notes 519,421 + 1 47,170 - Total gold certificate reserves 22,569,850 -139,999 787,170 - Other cash 252,792 - 3,151 45,191 - + 9,542 Discounts and advances 115,190 - 142 Industrial loans 2,256 + 5 + 1,729 U. S. Govt, securities: Bills 3,735,667 -535,500 + 60,049 +597,086 Certificates 3,630,636 -2,417,264 Notes 5,770,600 -567,400 +5,466,000 -2 Bonds 5,439,630 +748,730 ,335,570 Total U. S. Government securities 18,576,533 +242,916 + 773,215 Total loans and securities 18,693,979 +252,463 + 774,802 Due from foreign banks 24 — -» - 24 F. R. notes of other banks 128,557 - 2,857 + 11,316 2,674,638 478,312 Uncollected items -848,191 + + 130 Bank premises 35,957 + 3,265 Other assets 117,164 + 15,704 10,600 - TOTAL ASSETS 44,472,961 -725,901 + 424,710 L I A B I L I T I ES Federal Reserve notes 22,810,170 - 9,788 - 410,294 Deposits: Member bank-reserve account 16,442,436 +144,546 - 66,877 U. S. Treasurer-general account 562,439 -154,792 + 77,199 Foreign 992,896 -112,150 + 529,034 205,190 Other 279,026 - 7,740 - Total deposits 18,276,797 -130,136 + 334,166 451,063 Deferred availability items 2,485,293 -590,537 + Other liabilities including accrued 1,608 dividends 10,759 312 + TOTAL LIABILITIES 43,583,019 -730,773 + 376,543 C A P I T AL A C C O U N TS Capital paid in 220,484 + 48 + 13,551 Surplus (Section 7) 488,173 —— + 21,462 Surplus (Section 13b) 27,543 — 13,154 Other capital accounts 153,742 + 4,824 + -725,901 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,472,961 + 424,710 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 54.9# .2$ I.856 - Contingent liability on acceptances purchased for foreign correspondents 15,445 34 + 12,152 Commitments to make industrial loans 2,346 6 + 280 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 AUGUST 23, 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 22,050,429 857,166 6,950,550 1223,495 1597,657 987,845 958,436 4423,910 589,199 419,716 820,015 609,411 2613,029 Redemption fund for F. R. notes 519,421 52,003 33,681 46,384 60,015 47,546 3366,,448888 80,235 41,586 21,808 33,715 26,120 39,840 Total gold certificate reserves 22,569,850 909,169 6,984,231 1269,879 1657,672 1035,391 994,924 4504,145 630,785 441,524 853,730 635,531 2652,869 Other cash 252,792 26,933 48,967 14,260 19,165 15,544 20,917 38,630 11,721 7,881 9,744 10,642 28,388 Discounts and advances 115,190 2,790 21,680 2,815 13,300 14,665 12,725 1,850 23,150 5,250 12,795 516 3,654 .Industrial loans 2,256 --- 29 1,909 1 104 5 — — — — — - 208 --- — — — --- U. 8. Govt, securities: Bills ' 3,735,667 257,537 870,754 248,426 346,281 241,347 200,097 566,506 206,063 115,578 173,346 169,581 340,151 Certificates 3,630,636 250,296 846,272 241,440 336,545 234,561 194,473 550,579 200,270 112,327 168,473 164,813 330,587 Notes 5,770,600 397,825 1,345,081 383,751 534,912 372,815 309,096 875,100 318,312 178,537 267,773 261,956 525,442 Bonds 5,439,630 375,008 1,267,934 361,741 504,232 351,433 291,368 824,909 300,055 168,297 252,415 246,932 495,306 To talJtt.£L. Government securities 18,576,533 1280,666 4,330,041 1235,358 1721,970 1200,156 995,034 2817,09^ 1024,700 574,739 862,007 843,282 1691,486 Total loans and securities 18,693,979 1283,456 4,351,750 1240,082 1735,271 1214,925 1007,764 2818,944 1047,850 580,197 874,802 843,798 1695,140 Due from foreign banks 24 2 1/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 128,557 9,149 21,459 4,470 6,331 16,055 10,24? 15,793 6,986 7,999 8,509 6,551 15,008 Uncollected items 2,674,638 184,397 511,311 187,726 249,469 229,428 177,390 390,873 145,945 84,74? 144,156 125,487 243,709 Bank premises 35,957 1,097 7,744 2,942 4,842 2,580 1,508 4,027 2,020 1,127 2,269 694 5,107 Other assets 117,164 7,898 25,899 7,410 10,978 7,625 6,308 17,899 7,808 3,526 5,937 5,258 10,6l8 TOTAL ASSETS 44,472,961 2422,101 11,951,368 2726,771 3683,730 2521,549 2219,059 7790,314 1853,116 1127,002 1899,148 1627,962 4650,841 l/ 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 23, 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. 5,134,413 1598,009 1231,382 4461,885 590,851 899,018 609,119 2300,921 Federal Reserve notes 22,810,170 1385,503 2045,335 1516,571 1037,163 Deposits: 685,668 Member bank-reserve acct. 16,442,436 650,299 5,484,064 760,504 1207,700 650,734 2614,064 571,303 381,472 764,487 787,492 1884,649 U.S.Treasurer-general acct. 562,439 52,463 82,740 57,422 43,935 40,760 54,833 58,515 35,094 33,033 22,219 35,320 46,105 Foreign 992,896 61,589 1/322,241 78,208 88,962 48,880 41,059 134,909 35,194 24,440 36,171 34,216 87,027 Other 279,026 3,935 215,441 2,502 3,933 2,216 2,737 3,071 6,128 1,552 2,805 910 33,796 Total deposits 18,276,797 768,286 6,104,486 898,636 1344,530 742,590 784,297 2810,559 647,719 440,497 825,682 857,938 2051,577 126,265 215,64c Deferred availability items 2,485,293 210,607 447,470 160,194 211,155 214,752 163,351 393,212 132,282 71,150 139,215 Other liabilities including accrued dividends 10,759 893 2,703 533 1,162 561 515 1,794 463 345 407 485 89fi 11,689,072 2657,372 3602,182 2474,474 7667,450 1817,627 1102,843 1864,322 1593,807 TOTAL LIABILITIES 43,583,019 2365,289 2179,545 4569,036 73,158 20,378 9,662 28,180 7,228 7,878 Capital paid in 220,484 12,180 15,539 8,757 4,937 9,454 23,133 148,149 38,205 21,194 72,029 19,118 12,494 18,045 15,873 Surplus (Section 7) 488,173 30,778 45,957 23,779 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 33,670 11,166 10,285 8,801 21,226 8,622 7,766 7,521 13,98c Other capital accounts 153,742 10,843 14,207 5,655 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,472,961 2422,101 11,951,368 2726,771 3683,730 2521,549 2219,059 7790,314 1853,116 1127,002 1899,148 1627,962 4650,841 Contingent liability on acceptances purchased for foreign correspondents 15,445 973 2/4,850 1,236 1,405 772 649 2,131 556 386 571 541 1,375 Commitments to make 60 — 270 500 — US industrial loans 2,346 -- -- 948 449 F.R. notes outstanding 23,587,663 1447,016 5,278,424 1647,649 2112,699 1563,245 1302,505 4536,224 1087,372 605,618 930,613 641,405 2434,89: Collateral for F.R. notes held by F.R. Agents: 925,000 670,000 2980,000 Gold certificates 14,154,000 440,000 4,770,000 750,000 675,000 350,000 210,000 280,000 204,000 1900,00C Eligible paper 77,249 2,790 14,430 2,815 - 14,365 - — 23,150 5,250 12,795 — 1,654 700,000 1000,000 1250,000 950,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,00c U.S. Govt, securities 10,550,000 1100,000 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 115,190 98,525 573M 2,626 7,664 PT Industrial loans 2,256 234 46 258 160 285 204 305 764 U.S. Govt, securities 18,576,533 1,017,134 2,498,870 3,077,567 1,150,962 1,018,050 5,123,900 251,300 1,960,650 2,478,100 1/ After deducting $670,634,000 participations of other Federa lReserve Banks. Digitized for FRASER 2/ After deducting $10,595,000 participations of other Federa lReserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis