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 21, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 20 member bank reserve balances decreased $566 million. Reductions in member bank reserves resulted from decreases of $496 million in Reserve Bank credit and $51 million in gold stock, and increases of $87 million in nonmember deposits and other Federal Reserve accounts and $6 million in Treasury deposits with Federal Reserve Banks, offset in part by decreases of $70 million in money in circulation and $4 million in Treasury cash holdings. Excess reserves of member banks on September 20 were estimated to be approximately $390 million. Holdings of loans, discounts and advances decreased $20 million and of United States Government securities $530 million, the latter change reflecting decreases of $4,502 million in bonds, $704 million in certificates and $564 million in bills, and an increase of $5,232 million in notes. Changes in member bank reserve balances and related items during the week and the year ended September 20, 1950, were as follows: Increase or decrease since Sept. 20, Sept. 13, Sept. 21, 1950 1950 1949 (In millions of dollars) U. S. Govt, securities 18,526 -536 +1,372 Loans, discounts and advances 53 - 20 - 94 Other Reserve Bank credit 589 + 62 + 257 Total Reserve Bank credit 19,169 -496 +1,536 Gold stock 23,525 - 51 -1,166 Treasury currency outstanding 4,613 + 22 — Member bank reserve balances 16,299 -566 + 539 Money in circulation 27,081 - 70 - 284 Treasury cash holdings 1,301 - 4 - 13 Treasury deposits with F, R. Banks 654 + 6 - 147 Nonmember deposits and other F, R. accounts 1,972 + 87 + 297 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OP CONDITION H.U.l(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Sept. 20, Sept* 13, Sept. 21, 1950 1950 1949 ' A S S E TS Sold certificates 21,762,431 1+6,000 •1,127,000 Redemption fund for F. R. notes 524,771 «... 1,419 - 25,826 Total gold certificate reserves 22,267,202 - 47,419 -1,152,826 2hl,bk5 Other cash > 1,549 - #,214 Discounts and advances 51,274 - 19,880 - 94,896 Industrial loans 2,181 + 6 + 1,596 Uv S. Govt, securities: Bills 1,017,296 - 564,120 -2,515,078 Certificates 4,481,474 - 703,994 -1,303,926 Notes 9,296,212 +5,232,584 +8,998,112 Bonds >73.1 >07.5.- 4,502,788 -3,807,125 Total U, S. Government securities 18,526,057 - 538,318 +1,371,983 Total loans and securities 18,579,512 558,192 +1,278,683 Due from foreign banks 24 - . 24 F. R. notes of other banks 151,124 + 10,165 + 18,484 Uncollected items 3,871,744 4- 300,248 + 779,531 Bank premises 36,094 + 7 + 3,222 Other assets 107,677 - 62,753 - 14,453 TOTAL ASSETS 45,274,822 - 356,395 + 875,403 L I A B I L I T I ES Federal Reserve notes 22,924,014 - 59,004 - 324,406 Deposits: Member bank-reserve account 16,298,511 566,641 + 538,709 U. S. Treasurer-general account 654,178 + 6,563 - 147,172 Foreign 892,049 19,785 + 457,542 Other 312,268 + 2,953 - 215,172 Total deposits 18,157,006 537,340 + 633,907 Deferred availability items 3,282,335 + 238,156 + 522,129 Other liabilities including accrued dividends 7,379 1,434 2,654 TOTAL LIABILITIES 44,370,734 m 359,622 + 828,976 C A P I T AL A C C O U N TS Capital paid in 220,635 8 + 13,667 Surplus (Section 7) 488,173 + 21,462 Surplus (Section l$b) 27,543 — Other capital accounts 167,737 + 3,235 + 11,299 TOTAL LIABILITIES AND CAPITAL ACCOUNTS li5,274,822 356,395 + 675,403 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 54.3$ 7% 3.2# Contingent liability on acceptances purchased for foreign correspondents 21,964 + 1,799 + 18,653 Commitments to make industrial loans 2,540 - 24 + 1,392 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITIO NOF THE FEDERA LRESERVE BANKS ON SEPTEMBE R20, 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 21,762,431 839,135 6,647,423 1228,262 1593,100 1014,602 968,920 4408,762 594,388 416,239 803,224 619,898 2628,478 Redemption fund for F. R. notes 524,771 51,417 31,315 46,232 61,178 49,633 35,870 87,328 41,314 21,703 33,482 25,937 39,362 Total gold certificate reserves 22,287,202 890,552 6,678,738 1274,494 1654,278 1064,235 1004,790 4496,090 635,702 437,942 836,706 645,835 2667,840 Other cash 241,445 24,807 46,190 14,940 17,488 16,844 20,180 31,867 11,128 7,902 11,581 11,034 27,484 Discounts and advances 51,274 2,500 9,185 1,160 5,970 2,890 2,405 1,300 5,264 12,605 6,230 1,615 150 Industrial loans 2,181 28 1,837 1 108 5 — 202 U.. S. Govt, securities; Bills 1,017,296 70,132 237,124 67,651 94,299 65,723 54,491 154,271 56,115 31,474 47,206 46,180 92,630 Certificates 4,481,474 308,953 1,044,595 298,023 415,414 289,530 240,046 679,607 247,203 138,653 207,954 203,436 4o8,o6o Notes 9,296,212 64o,88l 2,166,873 618,207 861,722 600,591 497,942 1409,752 512,788 287,615 431,372 422,002 846,467 Bonds 3,731,075 257,220 ' 869,684 248,120 345,856 241,050 199,851 565,810 205,810 115,436 173,133 169,372 339,733 Total U.S.Government securities 18,526,057 1277,186 4,318,276 1232,001 1717,291 1196,894 992,330 2809,440 1021,916 573,178 859,665 840,990 1686,890 Total loans and securities 18,579,512 1279,686 4,327,489 1234,998 1723,262 1199,892 994,740 2810,740 1027,180 585,985 865,895 842,605 1687,040 Due from foreign banks 24 2 l/ 1 2 2 1 1 31 1 1 1 2 F.R.notes of othe rbanks 151,124 5,305 24,732 6,503 7,290 27,646 12,513 17,825 8,988 8,101 8,384 5,567 18,270 Uncollected items 3,871,744 279,542 705,815 256,131 360,863 362,567 233,107 635,357 196,703 115,342 201,748 167,399 357,170 Bank premises 36,094 1,092 7,726 2,942 4,830 2,606 1,505 4,068 2,015 1,125 2,263 692 5,230 Other assets 107,677 7>208 24,171 6,891 9,965 7,019 5,836 16.137 7.182 3,207 5.564 4.872 9.625 TOTAL ASSETS 45,274,822 2488,194 11,814,86 82796,901 3777,978 2680,810 2272,672 8012,087 1888,899 1159,605 1932,142 1678,005 4772,661 Digitized for FRASER 1/ After deducting $17,000 participation sof other Federa lReserve Banks.http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l+»l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 20, 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. D&llas SanFran. Federal Reserve notes 22,924*014 1379,688 5,154,766 1606,022 2054,140 1563,501 1236,229 4470,479 1039,354. 595,068 897,992 612,187 2314,588 Depositsj Member bank-reserve acct. 16,298,511 698,366 5,217,551 782,413 1204,651 679,345 671,000 2580,235 565,460 394,415 769,701 808,499 1926,875 U.S.Treasurer-general acct. 65l4.fl78 28,786 93,900 51,221 53,976 32,660 72,128 182,566 32,142 25,035 15,550 25,566 40,648 Foreign 892,01+9 55,585 1/286,770 70,584 80,289 44,115 37,057 121,757 31,763 22,058 32,645 30,881 78,545 JjMl Other 312,268 4,158 248,289 1,747 5,145 3,922 1,151 5,836 749 659 628 36.088 Total deposits 18,157,006 786,895 5,846,510 905,965 1344,061 760,042 781,336 2888,454 635,201 1442,257 818,555 865,574 2082,156 Deferred availability items 3,282,335 263,343 546,059 214,215 296,045 308,993 214,505 526,874 177,855 97,284 179,867 165,124 292,171 Other liabilities including Ml accrued dividends 7 ,379 513 2,112 J21 819 m. 284 1.188 249 403 222 621 TOTAL LIABILITIES 44 , 370,734 2430,439 11,549,447 2726,525 3695,065 2632,837 2232,354 7886,995 1852,659 1135,012 1896,636 1643,229 4689,536 Capital paid in 220,635 12,186 72,999 15,543 20,394 9,690 8,769 28,208 7,249 4,947 7,932 9,468 23,250 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 15b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 167,737 11,780 36,954 12,139 15,556 11,155 9,593 23,426 9,352 6,079 8,392 8,128 15.183 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,274,82? 2488,194 11,814,868 2796,901 3777,978 2680,810 2272,672 8012,087 1888,899 1159,605 1932,142 1678,005 4772,661 Contingent liability on acceptances purchased for foreign correspondents 21,964 1,384 2/6,897 1,757 1,999 1,098 922 3,031 791 549 812 769 1,955 Commitments to make industrial loans 2,54o —- — 1,117 485 54 268 **"* —— 500 ll6 F.R, notes outstanding 23 ,726,864 1450,983 5,293,550 1650,579 2126,069 1611,348 1305,887 4559,574 1085,408 606,024 931,302 643,556 2462,584 Collateral for F.R. notes held by F.R. Agents; Gold certificates 14 ,004,000 440,000 4,770,000 750,000 925,000 670,000 625,000 2880,000 350,000 210,000 280,000 204,000 1900,000 Eligible paper 39,684 2,500 8,885 1,160 — 2,890 5,264 12,605 6,230 — 150 U* S. Govt, securities 10 ,665,000 1100,000 700,000 1000,000 1250,000 965,000 700,000 1700,000 800,000 450,000 700,000 500,000 800,000 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 517274 47,640 1,524 1 ,740 370 Industrial loans 2,181 92 9 185 26 387 445 289 748 U« S. Govt, securities 18,526,057 k ,870,462 193,963 241,462 129,483 63,400 3,714,078 5,318,384 1,434,225 2,560,600 After deducting $605,258,000 participations of other Federal Reserve Banks. 1/ Digitized for FRASER After deducting $15,06?,000 participations of other Federal Reserve Banks, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis