H.4.1 Factors Affecting Reserve Balances of Depository Institutions

H.U.I BOARD OP GOVERNORS OP THE FEDERAL RESERVE SYSTEM (For Immediate Release) September 28, 1950 CONDITION OP THE FEDERAL RESERVE BANKS During the week ended September 27 member bank reserve balances increased $400 million. Additions to member bank reserves resulted from an increase of 1906 million in Reserve Bank credit and decreases of $21 million in money in circulation and $20 million in nonmember deposits and other Federal Reserve accounts, offset in part by increases of 3490 million in Treasury deposits with Federal Reserve Banks and 06 million in Treasury cash holdings and a decrease of $51 million in gold stock. Excess reserves of member banks on September 27 were estimated to be approximately $860 million. Holdings of loans, discounts and advances increased $70 million and of United States Government securities $827 million, the latter change reflecting increases of $1+72 million in certificates, $)62 million in bills, and $>42 million in bonds, and a decrease of $1$ million in notes. Changes in member bank reserve balances and related items during the week and the year ended September 27, 1950* were as follows: Increase or decrease since Sept. 27, Sept. 20, Sept. 28, 1950 1950 1949 (in millions of dollars) U. S. Government securities 19*353 4827 +1,501 Loans, discounts and advances 123 + 70 - 178 Other Reserve Bank credit 599 + 10 + 355 Total Reserve Bank credit 20,075 +906 +1,678 Gold stock 23,474 - 51 -1,128 Treasury currency outstanding 4,6l4 + 1 + 24 Member bank reserve balances 16,699 +400 + 683 Money in circulation 27,060 - 21 - 288 Treasury cash holdings 1,307 + 6 4 Treasury deposits with F. R, Banks 1,144 +490 - 26 Nonmember deposits and other F. R. accounts 1,952 - 20 + 208 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STMEivijfcNT OP CONDITION OF THE TWELVE !FEDIML RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Sept. 27 Sept. 20 Sept. 28 1950 11995500 1949 A S S E TS Gold certificates 21,710,430 - 52,001 -1,088,990 Redemption fund for F. R. notes 524,625 146 - 25,935 Total gold certificate reserves 22,235,055 - 52,147 -1,114,933 Other cash 235,548 - 5,897 - 41,646 Discounts and advances 120,491 + 69,217 - 179,347 Industrial loans 2,173 8 + 1,500 U. S. Govt, securities: Bills 1,379,254 +361,958 -2,836,520 Certificates 4,953,470 +471,996 - 846,430 Notes 9,246,998 - 49,214 +8,948,898 Bonds 3,773,375 + 42,300 -3,764,825 Total U. S. Government securities 19,353,097 +827,040 +1,501,123 Total loans and securities 19,475,761 +896,249 +1,323,276 Due from foreign banks 24 24 F. R. notes of other banks 152,144 + 1,020 + 20,894 Uncollected items 3,270,754 -600,990 + 810,554 Bank premises 36,195 + 101 + 3,367 Other assets 119,073 + 11,396 7,520 TOTAL ASSETS 45,524,554 +249,732 + 993,968 L I A B I L I T I ES Federal Reserve notes 22,901,759 - 22,255 - 323,781 Deposits: Member bank-reserve account 16,699,093 +400,582 + 683,465 U. S. Treasurer-general account 1,144,277 +490,099 - 26,082 Foreign 909,767 + 17,718 + 392,426 Other 279,972 -32,296 - 231,743 Total deposits 19,033,109 +676,103 + 818,066 Deferred availability items 2,671,920 -610,415 + 455,941 Other liabilities including accrued dividends 10,396 + ,3,017 2,119 TOTAL LIABILITIES 44,617,184 +246,450 + 948,107 C A P I T AL A C C O U N TS Capital paid in 220,781 146 + 13,768 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts 170,873 + .3,136 10,631 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,524,554 +249,732 + 993,968 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 53.0# - 1.3# 3.3# Contingent liability on acceptances purchased for foreign correspondents 23,448 + 1,484 + 19,757 Commitments to make industrial loans 2,558 + 18 + 1,376 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.Z*.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 27# 1950 (In thousands of dollars) A S S E TS Total Boston New York Phila. 01eve. Rich. Atlanta Chicago St.Louis Mpls. Kane.Cy. Dallas SanFran. Gold certificates 21,710,430 800,208 6,706,885 1188,421 1642,229 1036,932 966,112 4477,551 563,682 384,416 785,081 580,613 2578,300 Redemption fund for F. R, notes 524,625 51,317 30,949 4466,,004422 61,037 5500,,773366 3355,,776699 87,177 4411,,226666 2211,,668866 3333,,444455 25,903 39,298 Total gold certificate reserves 22,235,055 851,525 6,737,834 1234,463 1703,266 1087,668 1001,881 4564,728 604,948 406,102 818,526 606,516 2617,598 Other cash 235,548 24,809 46,651 12,701 18,432 16,118 16,632 31,900 10,519 6,499 13,154 10,691 27,442 Discounts and advances 120,491 3,600 25,920 1,250 17,270 3,655 9,185 11,175 12,636 15,055 19,930 615 200 Industrial loans 2,173 M. 28 1,820 1 119 5 — — 200 — —— U. Su. Govt, securities: Bills 1,379,254 94,258 330,696 90,924 126,739 88,333 73,236 207,341 75,419 42,301 63,445 62,067 124,495 Certificates 4,953,470 341,493 1,154,614 329,410 459,166 320,023 265,328 751,184 273,238 153,256 229,856 224,863 451,039 Notes 9,246,998 637,488 2,155,401 614,935 857,160 597,412 495,306 1402,289 510,074 286,093 429,088 419,767 841,985 Bonds 3,773,375 260,136 879,516 250,933 349,777 243,783 202,117 572,225 208,143 116,744 175,096 171,292 343,585 Total UwS. Government securities 19,353,097 1333,375 4,520,255 1286,202 1792,842 1249,551 1035,987 2933,039 1066,874 598,394 897,485 877,989 1761,104 Total loans and securities 19,475,761 1336,975 4,546,203 1289,272 1810,113 1253,325 1045,177 2944,214 1079,510 613,649 917,415 878,604 1761,304 Due from foreign banks 24 2 . 1/7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 152,144 8,198 247007 5,595 7,866 27,097 9,712 18,315 9,385 7,601 9,891 5,642 18,835 Uncollected items 3,270,754 242,210 675,482 209,173 308,172 249,966 194,704 544,222 162,558 89,966 157,744 141,936 294,621 Bank premises 36,195 1,087 7,726 2,937 4,822 2,598 1,502 4,068 2,014 1,125 2,263 692 5,361 Other assets 119,073 8,113 26,958 7,454 10,991 7,934 6,341 17,908 7,786 3,556 6,118 5,360 10,554 TOTAL ASSETS 45,524,554 2472,919 12,064,868 2761,597 3863,664 2644,707 2275,950 8125,358 1876,721 1128,499 1925,112 1649,442 4735,717 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 SEPTEMBER 27, 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. Federal Reserve notes 22,901,759 1381,422 5,146,723 1606,921 2054,019 1562,690 1238,198 4462,050 1034,589 593,632 898,999 609,125 2313,391 Deposits: Member bank-reserve acct. lo,699>093 693,502 5,510,751 772,985 1221,634 664,544 663,245 2717/889 581,723 380,534 778,957 786,467 1926,862 U.S.Treasurer-general acct. 1,144,277 59,085 144,760 61,660 181,405 98,081 121,824 254,738 41,442 30,669 43,290 53,706 53,617 Foreign 909,76? 56,492 1/294,610 71,736 81,600 44,835 37,661 123,745 32,281 22,418 33,178 31,384 79,827 Other / 279,972 3,977 " 219,485 2,262 4,757 2,820 512 3,180 5,716 1,266 223 563 35,211 Total deposits 19,033,109 813,056 6,169,606 908,643 1489,396 810,280 823,242 3099,552 661,162 434,887 855,648 872,120 2095,517 Deferred availability items 2,671,920 219,934 478,803 174,963 236,002 223,115 173,594 436,831 144,157 74,748 134,474 132,812 242,487 Other liabilities including accrued dividends 10,396 615 3,582 475 1,038 421 410 1,328 392 532 287 466 85 c TOTAL LIABILITIES 44,617,184 2415,027 11,798,714 2691,002 3780,455 2596,506 2235,444 7999,761 1840,30C 1103,799 1889,408 1614,523 4652,245 Capital paid in 220,781 12,203 73,002 15,5^3 20,396 9,713 8,779 28,215 7,249 4,949 7,936 9,468 23,326 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 170,873 11,900 37,684 12,358 15,850 11,360 9,771 23,924 9,533 6,l84 8,586 8,271 15,452 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,524,554 2472,919 12,064,868 2761,597 3863,664 2644,707 2275,950 8125,358 1876,721 1128,499 1925,112 1649,442 4735,717 Contingent liability on acceptances purchased for foreign correspondents 23,448 1,484 2/ 7,287 1,885 2,144 1,178 989 3,251 848 589 872 824 2,097 Commitments to make industrial loans 2,558 1,135 485 54 —— 268 —— —— 500 — ll£ F.R. notes outstanding 23,698,359 1448,482 5,293,341 1650,304 2122,222 1602,693 1306,514 4553,452 1084,07 3605,017 930,201 648,688 2453,372 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 1900,00( Eligible paper 72,096 3,600 15,870 1,250 — 3,655 — — 12,536 15,055 19,930 — 20C U.S. Govt, securities 10,665,000 1100,000 700,000 1000,000 1250,000 965,000 700,000 1700,000 800,000 450,000 700,000 500,000 800,00( MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within l6 to 31 to 6l 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 120,491 109,367 8,960 1,348 510" Industrial loans 2,173 77 9 186 24 381 467 289 740 U.S. Govt, securities 19,353,097 5,134,031 347,758 418,525 378,660 53,750 3,797,278 5,190,970 1,409,225 2,622,900 l/ After deducting $615,136,000 participations of other Federa lReserve Banks 2/ After deducting $16,l6l,000 participations of other Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis