H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) October 5, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 4 member bank reserve balances decreased $73 million. Reductions in member bank reserves resulted from increases of $128 million in money in circulation, $149 million in nonmember deposits and other Federal Reserve accounts and a decrease of $103 million in Reserve Bank credit, offset in part b ya decrease of $296 million in Treasury deposits with Federal Reserve Banks and increases of $8 million in gold stock and $3 million in Treasury currency outstanding. Excess reserves of member banks on October 4 were estimated to be approximately $760 million. Holdings of loans, discounts and advances decreased $76 million, while holdings of United States Government securities increased $22 million, the latter change reflecting increases of $4,877 million in notes and $51 million in bonds, and decreases of $4,883 million in certificates and $23 million in bills. Changes in member bank reserve balances and related items during the week and the year ended October 4, 1950 were as follows: Increase or decrease since Oct. 4, Sept. 27, Oct. 5, 1950 1950 1949 (In millions of dollars) U. S. Government securities 19,375 + 22 +1, 414 Loans, discounts and advances 47 - 76 66 Other Reserve Bank credit 550 - 49 + 219 Total Reserve Bank credit 19,972 -103 4-1, 566 Gold stock 23,482 + 8 -1, 122 Treasury currency outstanding 4,617 + 3 + 24 Member bank reserve balances 16,626 - 73 + 242 Money in circulation 27,188 +128 288 Treasury cash holdings 1,308 + 1 13 Treasury deposits with F, R. Banks 848 -296 + 236 Nonmember deposits and other F. R. accounts 2,101 +149 + 292 As Thursday, October 12, will be observed as a holiday in most Federal Reserve Bank cities, the statement for next week will be issued on Friday, October 13. 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 Oct. 4, Sept. 27, Oct. 5, 1950 1950 1949 A S S E TS Gold certificates 21,739,428 + 28,998 - 1,058,004 Redemption fund for F. R. notes 525,530 + 905 22,737 Total gold certificate reserves 22,264,958 + 29,903 - 1,000,741 Other cash 213,983 - 21,565 39,791 Discounts and advances 44,282 76,209 68,177 Industrial loans 2,227 54 + 1,331 U. S. Govt, securities: Bills 1,356,354 22,900 - 2,949,120 Certificates 70,250 -4,883,220 - 5,749,150 Notes 14,123,818 +4,876,820 +13,825,718 Bonds 3,824,475 + 51,100 - 3,713,725 Total U. S. Government securities 19,374,897 + 21,800 + 1,413,723 Total loans and securities 19,421,406 54,355 + 1,346,877 Due from foreign banks • -24 - . 11 F. R. notes of other banks 136,406 15,738 + 28,047 Uncollected items 3,1X0,408 160,346 + 608,939 Bank premises 36,144 51 + 3,359 Other assets 70,239 48,834 39,648 TOTAL ASSETS 45,253,568 - 270,986 + 827,031 L I A B I L I T I ES Federal Reserve notes 23,011,692 + 109,933 - 296,425 Deposits: Member bank-reserve account 16,625,824 - 73,269 + 241,433 U. S. Treasurer-general account 848,429 - 295,848 + 236,554 Foreign 987,259 + 77,492 + 438,547 Other 301,104 + 21,132 - 225,408 Total deposits 18,762,616 - 270,493 + 691,126 Deferred availability items 2,560,305 - 111,615 + 390,262 Other liabilities including accrued dividends ——. 8, 344 - 2*022 - 3,424 TOTAL LIABILITIES 44,342,957 - 274,227 +781,539 C A P I T AL A C C O U N TS Capital paid in ' 220,790 + 13,770 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts 174.105 + 3,232 + 10,260 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,253,568 - 270,986 + 027,031 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 53.2* .3% 3.1% Contingent liability on acceptances purchased for foreign correspondents 22,583 865 + 18,765 Commitments to make industrial loans 1,540 1,018 - 407 Digitized for FRASER http://fraser.stlouisfed.org/ X Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 4, 1950 (in thousands of dollars) A S S E TS Total Bos toil New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 21,739,428 811,789 6,711,957 1220,161 1605,796 1042,923 960,556 4302,184 600,045 420,212 825,021 583,369 2655,415 Redemption fund for F. R. notes 525,530 51,314 30,933 47,037 61,030 50,726 35,760 87,165 41,261 21,683 33,440 25,895 39,286 Total gold certificate reserves 22,264,958 863,103 6,742,890 1267,198 1666,826 1093,649 996,316 4389,349 641,306 441,895 858,461 609,264 2694,701 O D t i h s e co r u n c t a s s h a nd advances 2 4 1 4 3, , 9 2 8 8 3 2 2 2 4 , , 7 0 5 3 0 0 4 1 4 6 , , 3 0 0 0 2 0 12 1 , , 5 3 1 15 5 1 1 , 4 9 , 7 8 5 7 2 1 2 3 , , 0 5 3 5 0 8 1 4 5 , , 8 9 1 1 5 1 3 1, 0 4 , 2 73 5 1 6 8 , , 6 8 2 6 7 7 6 1, , 4 4 5 4 5 7 9 3 , ,6 5 7 3 5 2 10,3 51 9 5 1 1 2 , 2 7 , 0 8 0 2 7 Industrial loans 2,227 27 1,873 1 124 5 — 197 U. B C N B S i e o o . l r n t l t d e G i s s s o f v i t c , a t s e e s c urities ' : 1 4 3 1 , , , 1 8 3 7 2 2 5 0 4 3 6 , , , , 4 2 8 3 7 5 1 5 5 0 8 4 2 97 9 6 4 3 3 3 , , , ,6 8 5 6 6 0 4 9 0 7 2 6 3, 8 2 3 1 9 1 9 6 1 6 2 , , , , 3 4 1 1 7 5 5 4 5 5 5 9 2 9 5 9 3 4 4 0 9 , , , , 6 3 1 2 7 3 9 4 1 2 9 8 6 3 1 1 , 5 3 2 5 4 0 5 1 , 9 , 5 2 , 7 1 2 2 5 2 8 1 2 9 4 8 1 4 7 2 7 , , , , 0 4 5 6 8 8 2 3 5 3 9 8 7 2 7 0 5 2 4 3 6 , , , , 6 5 7 8 5 2 6 5 2 8 3 4 2 2 1 5 0 1 0 7 5 4 , 9 , 1 6 6 , , 8 5 9 8 8 7 4 4 3 9 7 2 7 7 1 9 4 3 0 , , , , 8 9 0 8 1 6 7 8 8 2 5 4 4 1 4 3 1 1 2 6 8 , , , , 1 9 3 9 7 2 7 6 4 5 7 4 6 1 6 7 5 2 7 5 3 , , , , 9 4 3 2 6 3 8 6 6 9 8 0 6 1 6 4 7 1 1 3 3 , , , , 1 6 5 1 8 1 7 5 9 1 2 1 3 6 1 1 4 , 2 2 8 3 8 3 , 9 6 , 2 7 , 5 3 0 0 7 4 3 4 Total U.S. Government 19,374,897 1335,705 4,516,134 1288,4)0 1795,976 1251,735 1037,797 2938,164 1068,739 599,440 899,053 879,523 1764,181 securities Total loans and securities— 19,421,406 1338,455 4,532,161 1291,638 1797,952 1253,889 1042,617 2939,589 1075,366 601,092 902,728 880,038 1765,881 4 ^ 4 <& -8 ii # 11 il il I*S1 # TOTAL ASSETS 45,253,568 2494,315 11,959,777 2798,000 3785,237 2670,24? 2260,127 7900,788 1873,571 1157,046 1952,962 1631,212 4770,284 l/ After deducting $17,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMEM' OF CONDITIO NOF THE FEDERA LRESERVE BASKS ON OCTOBER 4 ,1950 .4.1(c) (In thousands of dollars) L A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. ederal Reserve notes 23, 011,692 1383,408 5,159,368 1609,564 2051,943 1584,312 1256,568 4468,156 1045,504 598,967 905,574 620,480 2327,848 lep-osits: Member bank-reserve acct. l6,6 25,824 717,734 5,391,718 801,666 1234,524 701,405 664,310 2608,711 589,738 382,221 788,983 785,730 1959,084 U.S.Treasurer-general acct. 848,429 49,152 141,288 61,936 89,453 53,715 86,494 141,830 40,886 45,435 37,616 36,466 64,158 Foreign 987,259 60,997 1/323,053 77,456 88,106 48,410 40,665 133,612 34,855 24,205 35,823 33,887 86,190 Other 301,104 4,080 231,986 1,877 5,523 5,433 775 2,599 7,533 2,050 2,806 1,530 34,912 Total deposits 18,762,616 831,963 6,088,045 942,935 1417,606 808,963 792,244 2886,752 673,012 453,911 865,228 857,613 2144,344 174,225 231,073 228,209 170,291 418,428 118,177 79,062 146,104 117,776 213,666 )eferred availability items 2,560,305 220,239 443,055 )ther liabilities including 431. 1,078 370 333 1,356 289 307 296 278 664 accrued dividends 8,344 569 2,373 TOTAL LIABILITIES 44,342,957 2436,179 11,692,841 2727,155 3701,700 2621,854 2219,436 7774,692 1836,982 1132,247 1917,202 1596,147 4686,522 Capital paid in 220,790 12,185 72,988 15,544 20,402 9,722 8,780 28,218 7,252 4,949 7,937 9,470 23,343 Surplus (Section 7) 488,173 30,778 148,149 38,205 45,957 23,779 21,194 72,029 3.9,118 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 2,140 )ther capital accounts 174,105 12,162 38,480 12,607 16,172 11,545 9,955 24,420 9,698 6,283 8,641 8,415 15,727 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,253,568 2494,315 11,959,777 2798,000 3785,237 2670,249 2260,127 7900,788 1873,571 1157,046 1952,962 1631,212 4770,284 Contingent liability on acceptances purchased for foreign correspondents 22,583 1,423 2/7,091 1,805 2,055 1,129 949 3,117 813 565 836 790 2,010 Commitments to make industrial loans 1,540 127 484 54 259 500 116 ?\R. notes outstanding 23,728,162 1448,208 55,,229999,,115522 11665599,,225522 2120,517 1616,448 1313,070 4546,255 1092,506 606,947 930,866 645,513 2449,428 Collateral for F.R. notes held by F.R. Agents: 204,000 1900,000 Gold certificates 14,004,000 440,000 4,770,000 750,000 1,700 Eligible paper 35,002 2,750 15,650 1,315 1,930 6,527 1,455 3,675 500,000 800,000 U.S. Govt, securities 10,665,000 1100,000 700,000 1000,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 6l to 91 days to 6 months 1 to c 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 44,282 34,472 8,173 1,157 480 Industrial loans 2,227 25 66 119 183 252 566 252 287 729 J.S. Govt, securities 19,374,897 444,865 179,510 364,160 438,069 — 3,833,278 10,031,790 1,409,225 2,674,000 1/ After deducting'$664,185,000 participations of other Federa lReserve Banks. 2/ After deducting $15,492,000 participations bf other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis