H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) September 14, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 13 member bank reserve balances increased §254 million. Additions to member bank reserves resulted from an increase of $227 million in Reserve Bank credit and decreases of §108 million in money in circulation, f>6 millio nin Treasury cash holdings, and $51 million in nonmember deposits and other Federal Reserve accounts, offset in part by an increase of $>137 million in Treasury deposits with Federal Reserve Banks . Excess reserves of member banks on September 1$ were estimated to be approximately $990 million. Holdings of loans, discounts and advances decreased $28 million, while holdings of United States Government securities increased $122 million, the latter change reflecting increases of $949 million in bonds and $103 million in certificates, and decreases of §717 million in bills and $213 million in notes. Changes in member bank reserve balances and related items during the week and the year ended September 13, 1950, were as follows: Increase or decrease since Sept. 13, Sept. 6, Sept. 14, 1950 1950 1949 (In millions of dollars) U. S. Government securities 19,064 +122 +1, 814 Loans, discounts and advances 73 - 28 - 51 Other Reserve Bank credit 527 +133 + 97 Total Reserve Bank credit 19,665 +227 •1 ,861 Gold stock 23,576 - 1 -1 ,073 Treasury currency outstanding 4,613 — + 21 Member bank reserve balances 16,865 +254 + 5h3 Money in circulation 27,151 -108 - 303 Treasury cash holdings 1,305 , ~ 6 - 7 Treasury deposits with F. R. Banks 648 +137 + 314 Nonmember deposits and other F. R. accounts 1,885 - 51 + 263 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 Sept. 13, Sept. 6, Sept. 14 1950 11995500 1949 A S S E TS Gold certificates 21,808,431 - 12,998 -1,042,999 Redemption fund for F. R. notes 526,190 + 8,245 - 25,990 Total gold certificate reserves 22,334,621 - 4,753 -1,068,989 Other cash 239,896 + 25,121 - 26,271 Discounts and advances 71,154 - 27,702 - 51,912 Industrial loans 2,175 90 + 1,574 -y. S. Govt, securities: Bills 1,581,416 -717,391 -1,995,094 Certificates 5,185,468 +103,582 - 414,632 Notes 4,063,628 -213,372 +3,765,528 Bonds 88,,223333,,886633 ++994499,,225511 ++ 445588,,666633 Total U. S. Government securities 19,064,375 +122,070 +1,814,465 Total loans and securities 19,137,704 + 94,278 +1,764,127 Due from foreign banks 24 24 F. R. notes of other banks 140,959 + 20,255 + 12,478 Uncollected items 3,571,496 +831,053 + 366,195 Bank premises 36,087 + l64 + 3,222 Other assets 170,430 + 16,319 + 29,733 TOTAL ASSETS 45,631,217 +982,437 +1,080,471 L I A B I L I T I ES Federal Reserve notes 2222,,998833,,001188 - 71,363 - 341,145 Deposits: Member bank-reserve account 16,865,152 +254,452 + 543,247 U. S. Treasurer-general account 647,615 +136,247 + 313,499 Foreign 872,264 - 56,054 + 450,334 Other 309,315 + 17,494 - 199,966 Total deposits 18,694,346 +352,139 +1,107,114 Deferred availability items 33,,004444,,117799 +697,976 + 269,106 Other liabilities including accrued dividends 8,813 + 413 1,620 TOTAL LIABILITIES 44,730,356 +979,165 +1,033,455 C A P I T AL A C C O U N TS Capital paid in 220,643 + 37 + 13,758 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 «•» mm mm Other capital accounts 164,502 + 3,235 + 11,796 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,631,217 +902,437 +1,000,471 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 5533..66## - .4% 3*6^ Contingent liability on acceptances purchased for foreign correspondents 20,165 + 2,007 + 18,049 Commitments to make industrial loans 2,564 + 96 + 1,225 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 SEPTEMBER 13, 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 21,808,451 825,661 6,845,248 1190,748 1575,788 1001,033 949,469 *4420,754 581,582 417,542 800,802 581,072 2625,152 Redemption fund for F. R. notes 526,190 51,529 31,837 4466,,444499 6600,,333377 50,352 3366..000099 8877,,557733 41.383 21.728 33.570 25.970 39,453 Total gold certificate reserves 22,554,621 877,190 6,875,085 1257,197 1654,125 1051,585 985,478 4508,507 622,765 459,070 854,572 607,042 2662,605 Other cash 259,896 26,588 50,455 13,191 19,952 15,109 17,755 32,235 11,902 7,102 9,911 10,14+5 25,457 Discounts and advances 71,154 5,600 20,455 2,055 6,970 3,540 2,920 4,150 17,159 980 8,450 715 200 Industrial loans 2,175 — 29 1,825 1 117 5 —— 198 — — U» S. Govt, securities: Bills 1,581,416 109,025 568,615 105,166 146,591 102,169 84,707 259,819 87,255 48,927 73,382 71,788 145,996 Certificates 5,185,468 557,486 1,208,692 544,859 480,672 355,012 277,754 786,365 286,055 160,454 240,621 255,595 472,165 Notes 4,065,628 280,146 947,199 270,255 576,682 262,555 217,664 616,241 224,154 125,725 188,565 184,468 570,014 Bonds 8,255,865 567,645 1,919,248 547,560 763,246 551.957 441.039 1248.649 454.188 25ti.7ii7 382 .076 373.776 7ii9.73ii Total U.S. Government securities 19,064,575 1314,298 4,445,754 1267,800 1767,191 1251,675 1021,164 2891,074 1051,610 589,855 884,644 865,427 1755,907 Total loans and securities 19,157,704 1517,898 4,464,258 1271,660 1774,162 1255,530 1024,089 2895,224 1068,769 591,011 895,074 866,142 1756,107 Due from foreign banks 24 2 1/ 7 2 2 1 1 3 1 I 1 1 2 F.R„notes of other bank s140,959 8,017 21,959 6,492 5,857 22,091 10,772 17,658 8,178 8,594 8,785 5,644 16,912 uncollected items 5,571,496 266,679 601,944 227,755 554,464 315,022 219,476 596,159 191,757 118,595 202,415 162,686 334,550 Bank premises 56,087 1,092 7,726 2,942 4,855 2,600 1,505 4,064 2,015 1,125 2,265 692 5,250 Other assets 170.430 11.687 38,874 U.054 15,577 1MQ0 9,3,55 25.027 10.633 7.611 15.513 TOTAL ASSETS 45,631,21? 2508,955 12,060,286 2770,291 5788,972 2652,658 2268,251 8079,475 1916,020 1170,610 1959,304 1660,261 4796,176 \J After deducting $17,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON SEPTEMBER 13, 1950 H,4.l(c) (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 22,983,018 1385,133 5,158,068 1609,990 2061,764 1563,359 1239,771 4476,549 1041,419 594,871 901,643 615,428 2335,023 De M p e o m s b i e t r s : b ank-reserve acct. 16,865,152 733,117 5,548,893 780,024 1234,681 681,291 680,735 2727,551 574,626 383,217 776,505 788,962 1955,550 U.S.Treasurer-general acct., 647,615 34,100 62,645 50,554 55,405 45,435 67,015 137,431 51,684 43,715 34,608 32,926 32,097 Foreign 872,264 53,972 1/284,547 68,536 77,959 42,835 35,981 118,225 30,841 21,418 31,698 29,985 76,267 Other 309,315 3,470 245,338 2,158 5,561 4,408 678 2,328 4,958 1,554 522 1,128 37,212 Total deposits 18,694,346 824,659 6,141,423 901,272 1373,606 773,969 784,409 2985,535 662,109 449,904 843,333 853,001 2101,126 Deferred availability items 3,044,179 240,914 492,896 188,440 270,257 267,130 203,561 491,790 176,081 101,040 178,653 156,881 276,536 Other liabilities including accrued dividends 8,813 756 3,010 425 738 405 342 1,215 333 299 229 315 746 TOTAL LIABILITIES 44,730,356 2451,462 11,795,397 2700,127 3706,365 2604,863 2228,083 7955,089 1879,942 1146,114 1923,858 1625,625 4713,431 Capital paid in 220,643 12,186 73,I6I 15,542 20,392 9,690 8,769 28,205 7,240 4,942 7,917 9,468 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 164,502 11,516 36,260 11,928 15,252 10,957 9,423 22,723 9,199 5,987 8,347 7,988—14,922 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 45,631,217 2508,953 12,060,286 2770,291 3788,972 2652,638 2268,231 8079,475 1916,020 1170,610 1959,304 1660,261 4796,176 Contingent liability on acceptances purchased for foreign correspondents 20,165 1,270 2/6,332 1,613 1,835 1,008 847 2,783 726 504 746 707 1,794 Commitments to make industrial loans 2,564 — — 1,134 486 60 — 268 — — 500 --- U£ F.R. notes outstanding 23,766,246 1448,722 5,305,864 1659,310 2131,295 1600,637 1313,101 4561,202 1088,122 607,581 935,223 647,417 2467,77< Collateral for F.R. notes held by F.R. Agents: Gold certificates 440,000 4,770,000 750,000 925,000 670,000 675,000 2880,000 350,000 210,000 280,000 ; 204,000 1900,00C 14,054,000 Eligible paper 55,499 3,600 19,555 2,035 — 3,5^0 —- 17,159 980 8,430 20C 500,000 800,00c U. S. Govt, securities 10,665,000 1100,000 700,000 1000,000 1250,000 965,000 700,000 1700,000 800,000 450,000 700,000 : MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 6l to 91 days to 6 months 1 to 2 2 to ; Over Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 71,154 62,360 1,715 1,668 5,410 1 — Industrial loans 2,175 82 63 186 27 374 391 306 746 U.S. Govt, securities 19,064,375 6,155,786 4,297,841 410,187 219,508 215,300 3,792,428 1,474,125 2,499,200 1/ After deducting $587,696,000 participations of other Federa lReserve Banks. 2/ After deducting $13,833,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis