H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.U.I (For Immediate Release) August 31# 1950 CONDITION OF THE FEDERA LRESERVE BANKS During the week ended August 30, member ban kreserve balances decreased $157 million. Reductions in member bank reserves resulted from increases of $114 million in Treasury deposits with Federal Reserve Banks, $79 million in money in circulation, and $12 million in nonmember deposits and other Federal Reserve accounts, and a decrease of $51 million in gold stock ,offset in part b yincreases of $96 million in Reserve Bank credit and $2 million in Treasury currency outstanding. Excess reserves of member bank son August 30 wer eestimated to be approximately $540 million. Holdings of loans, discounts an dadvances decreased $8 million ,while holdings of United States Government securities increased $7 million, the latter change reflecting increases of $1,1^ million in certificates and $1,111 million in bonds, and decreases of $1,252 million in notes and $998 million in bills. Changes in member ban kreserve balances and related items during the week and the year ended August 30, 1950 ,were as follows: Increase or decrease since Aug. 30, Aug. 23, Aug. 31; 1950 1950 1949 (In millions of dollars) U. S. Government securities 18,584 + 7 +1,060 Loans, discounts and advances 109 - 8 - 423 Other Reserve Bank credit 286 + 97 + 116 Total Reserve Bank credit 18,979 + 96 + 754 Gold stock 23,752 - 51 - 856 Treasury currency outstanding 4,611 + 2 + 18 Member bank reserve balances 16,285 -157 - 227 Money in circulation 27,042 + 79 - 351 Treasury cash holdings 1,308 Treasury deposits with F. R. Banks 676 +114 + 66 Nonmember deposits and other F. R. accounts 2,032 + 12 + 428 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. 3Q Aug. 23, Aug 31, 1950 1950 1949 A S S E TS Gold certificates 21,996,433 53,996 - 800,997 Redemption fund for F. R. notes 518,111 M io - 46,456 Total gold certificate reserves 22,514,544 55,306 - 847,453 Other cash 249,424 - 3,368 42,729 Discounts and advances 106,720 8,470 - 424,265 Industrial loans 2,243 13 + 1,706 U. S. Govt, securities: Bills 2,737,725 - 997,942 - 747,587 Certificates 4,776,236 +1,145,600 -1,182,164 Notes 4,518,950 -1,251,650 +4,214,350 Bonds 6,550,886 +1,111,256 -1,224,314 Total U. S. Government securities ' 18,583,797 + 7,264 +1,060,285 Total loans and securities 18,692,760 - 1,219 + 637,726 Due from foreign banks 24 t—— — 24 F. R. notes of other banks 126,907 - 1,650 + 7,575 Uncollected items 2,715,404 + 40,766 + 516,719 Bank premises 35,934 - 23 + 3,307 Other assets 139,837 + 22,673 + 8,096 TOTAL ASSETS 44,474,834 + 1,873 + 283,217 L I A B I L I T I ES Federal Reserve notes 22,877,735 + 67,565 - 394,926 Deposits: Member bank-reserve account 16,284,709 - 157,727 226,910 U. S. Treasurer-general account 675,809 4 113,370 + 65,464 Foreign 1,006,345 + 13,449 + 567,180 Other .. 297,796 + 18,770 - 177,407 Total deposits 10,264,659 - 12,138 + 228,327 Deferred availability items 2,428,978 - 56,315 + 400,569 Other liabilities including accrued dividends 9,753 1,006 + 1,228 TOTAL LIABILITIES 43,581,125 - 1 %% + 235,198 C A P I T AL A C C O U N TS Capital paid in 220,567 83 + 13,641 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts 157,426 3,684 + 12,916 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,474,834 17873 + 253,217 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 54/ 1.956 Contingent liability on acceptances purchased for foreign correspondents 15,495 + 50 + 12,554 Commitments to make industria lloans 2,492 + 146 + 420 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON AUGUST 30, 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 21,996,433 857,800 6,856,999 1232,523 1618,517 998,073 942,671 4435,935 609,364 405,829 797,758 610,430 2630,534 Redemption fund for F. R. notes 518,111 51,768 32,748 45,889 60,688 48,223 36,253 79,895 41,493 21,777 33,647 26,052 39,678 Total gold certificate reserves 22,514,544 909,568 6,889,747 1278,412 1679,205 1046,296 978,924 4515,830 650,857 427,606 831,405 636,482 2670,212 Other cash 249,424 26,209 48,731 13,499 21,361 16,655 18,729 37,667 11,934 7,723 10,343 11,292 25,281 Discounts and advances 106,720 11,780 35,940 2,215 4,075 7,135 3,530 3,350 17,947 6,295 10,209 6l6 3,628 Industrial loans 2,243 — — - 29 1,910 1 97 5 201 U\ S. Govt, securities: Bills 2,737,725 188,739 638,142 182,061 253,776 176,873 146,643 415,171 151,016 84,702 127,039 124,279 249,284 Certificates 4,776,236 329,274 1,113,302 317,625 442,739 308,574 255,834 724,306 263,462 147,772 221,631 216,817 434,900 Notes 4,518,950 311,536 1,053,331 300,515 418,888 291,951 242,053 685,290 249,270 139,812 209,693 205,138 411,473 Bonds 6,550,886 451,618 1,526,959 435,640 607,241 423,227 350,892 993,429 361,353 202,678 303,981 297,377 596,491 ZCedbai tJ^S. Government -securities 18,583,797 1281,167 4,331,734 1235,841 1722,644 1200,625 995,422 2818,196 1025,101 574,964 862,344 843,611 1692,148 Total loans and securities 18,692,760 1292,947 4,367,703 1239,966 1726,720 1207,857 998,957 2821,546 1043,048 581,460 872,553 844,227 1695,776 Due from foreign banks 24 2 1/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other bank s126,907 7,636 20,740 5,300 6,622 17,519 10,622 16,417 6,713 8,824 8,510 5,098 12,906 Uncollected items 2,715,404 197,297 492,518 180,486 249,167 228,660 170,112 465,353 145,293 87,682 143,714 139,283 215,839 Bank premises 35,934 1,092 7,744 2,942 4,833 2,600 1,505 4,oo6 2,015 1,125 2,269 694 5,109 Other assets 139,837 9,422 31,599 8,956 12,825 9,156 7,485 21,200 9,010 4,235 7,024 6,288 12,637 TOTAL ASSETS 44,474,834 2444,173 11,858,789 2729,563 3700,735 2528,744 2186,335 7882,022 1868,87 11118,656 1875,819 1643,365 4637,762 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 CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 30, 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 SajiFran, Federal Reserve notes 22,877,735 1392,235 5,150,492 1601,227 2048,314 1532,145 1238,267 4460,863 1039,763 590,352 900,460 614,880 2308,73- Deposits: Member bank-reserve acct. 16,284,709 688,111 5,313,211 763,398 1199,861 647,546 660,577 2658,480 567,260 374,367 749,570 773,889 1888,4% U.S.Treasurer-general acct. 675,809 47,159 135,087 60,110 53,406 40,386 55,089 103,057 46,002 30,352 23,996 . 39,655 4l,5l( Foreign 1,006,345 62,156 1/329,517 78,928 89,780 49,330 41,437 136,151 35,518 24,665 36,504 34,531 87,82! Other . 297,796 3,688 223,549 1,827 4,624 3,026 2,448 2,783 12,604 1,324 2,347 6,458 33,11^ Total deposits 18,264,659 801,114 6,001,364 904,263 1347,671 740,288 759,551 2900,471 661,384 430,708 812,417 854,533 2050,89: Deferred availability items 2,428,978 193,061 441,027 153,942 221,743 208,521 148,345 395,830 131,629 73,003 127,552 139,168 195,15' Other liabilities including accrued dividends 9,753 813 2,738 470 1,097 458 449 1,409 393 309 342 453 82; TOTAL LIABILITIES 43,581,125 2387,223 11,595,621 2659,902 3618,825 2481,412 2146,612 7758,573 1833,169 1094,372 1840,771 1609,034 4555,61: Capital paid in 220,567 .12,180 73,158 15,540 20,392 9,674 8,759 28,197 7,228 4,937 7,908 9,461 23,13: 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 42,55: 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 2,14< Other capital accounts 157,42b 10,981 34,542 11,427 14,555 10,530 9,008 21,794 8,835 5,780 7,958 7,690 14,321 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,474,834 2444,173 11,858,789 2729,563 3700,735 2528,744 2186,335 7882,022 1868,871 1118,656 1875,819 1643,365 4637,76; Contingent liability on acceptances purchased for foreign correspondents 15,495 976 2/4,865 1,240 1,410 775 651 2,138 558 388 573 542 1,37! Commitments to make industrial loans 2,492 ——— —• — 1,057 486 60 — — 27 0 ~ — — — 500 — 11! F.R. notes outstanding 23,637,173 1452,730 5,278,547 1645,611 2120,250 1573,744 1301,177 4551,448 1087,480 604,064 929,382 643,779 2448,96: Collateral for F.R. notes Gold certificates 14,154,000 440,000 4,770,000 750 D00 925,000 670,000 675,000 2980,000 350,000 210,000 280,000 204,000 1900,00( Eligible paper 85,174 11,780 27,965 2 215 — 7,135 17,947 6,295 10,209 1,62< U.S. Govt, securities 10,550,000 1100,000 700,000 1000, 300 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 l6 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 106,720 "82,822 13,072 2,592 7,423 n Industrial loans 2,243 214 40 176 163 389 193 306 762 U.S. Govt, securities 18,583,797 906,454 4,079,615 1 4,208,253 493,375 566,200 4,134,900 73,900 1,690,200 2,430,900 iserve Banks. 2/ After deducting $10,630,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis