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 13, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 11 member bank reserve balances increased $163 million. Additions to member bank reserves resulted from a decrease of $340 million in Treasury deposits with Federal Reserve Banks and an increase of $72 million in Reserve Bank credit, offset in part by increases of $151 million in money in circulation, $4l million in nonmember deposits and other Federal Reserve accounts, and $8 million in Treasury cash holdings, and a decrease of $50 million in gold stock. Excess reserves of member banks on October 11 were $980 estimated to be approximately million. Holdings of loans, discounts and advances increased $23 million and of United States Government securities $132 million, the latter change reflecting increases of $ 98 million in bonds, $40 million in notes, and $3 million in certificates, and a decrease of $9 million in bills. Changes in member bank reserve balances and related items during the week and the year ended October 11, 1950 were as follows: Increase or decrease since Oct. 11, Oct. 4, Oct. 12 1950 1950 1949 (In millions of dollars) U. S. Government securities 19,507 +132 +1,728 Loans, discounts and advances 70 + 23 40 Other Reserve Bank credit 468 - 82 + 55 Total Reserve Bank credit 20,044 + 72 +1,743 Gold stock 23,432 - 50 -1,172 Treasury currency outstanding 4,618 + 1 + 26 Member bank reserve balances 16,789 +163 + 670 Money in circulation 27,339 +151 - 207 Treasury cash holdings 1,316 + 8 + 20 Treasury deposits with F. R. Banks 508 -340 - 46 Nonmember deposits and other F. R. accounts 2,142 + 4l + 161 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 Oct. 11, Oct. 4, Oct. 12, 1950 1950 1949 A S S E TS Gold certificates 21,687,429 - 51,999 • 1,120,002 Redemption fund for F. R. notes 524,138 - 1,392 - 23,766 Total gold certificate reserves 22,211,567 - 53,391 - 1,143,768 Other cash 198,074 - 15,909 - 58,082 Discounts and advances 67,425 + 23,143 • . 41,308 Industrial loans 2,235 + 8 + 1,289 IL S. Govt, securities: Bills 1,347,309 - 9,045 • 2,819,115 Certificates 72,950 + 2,700 - 5,702,950 Notes 14,164,018 + 40,200 +13,865,918 Bonds 3,922,475 + 98,000 - 3,615,725 Total U. S. Government securities 19,506,752 +131,855 + 1,728,128 Total loans and securities 19,576,412 +155,006 + 1,688,109 Due from foreign banks 24 — — - 11 F. R. notes of other banks 127,334 - 9,072 + 23,389 Uncollected items 3,023,518 - 86,890 + 372,088 Bank premises 36,494 + 350 + 3,666 Other assets 77,876 + 7,637 - 35,852 TOTAL ASSETS 45,251,299 « 2,269 + 849,539 L I A B I L I T I ES Federal Reserve notes 23,142,099 +130,407 - 220,282 Deposits: Member bank-reserve account 16,789,228 +163,404 + 670,350 U. S. Treasurer-general account 507,792 -340,637 - 46,265 Foreign 1,045,193 + 57,934 + 487,403 Other 287,269 - 13,835 - 401,995 Total deposits 18,629,482 -133,134 + 709,493 Deferred availability items 2,556,010 - 4,295 + 317,486 Other liabilities including accrued dividends 9,271 + 927 3,084 TOTAL LIABILITIES 44,336,862 - 6,095 + 803,613 C A P I T AL A C C O U N TS Capital paid in 220,884 + 94 + 13,851 Surplus (Section 7) 488,173 + 21,462 — Surplus (Section 13b) 27,543 — - Other capital accounts 177,837 + 3,732 + 10,613 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,251,299 - 2,269 + 849,539 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 53.2# - . 1% - 3A$ Contingent liability on acceptances purchased for foreign correspondents 24,369 + 1,786 + 20,699 Commitments to make industrial loans 1,504 36 - 388 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 OCTOBER 11, 1950 (In thousands of dollars) A S S E TS Total Boston New York FMla. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Gold certificates 21,68?,429 831,400 6,662,658 1207,232 1567,365 1058,004 965,585 4275,946 607,019 429,198 8l6,4o6 597,901 2668,715 Redemption fund for 51,162 86,877 21,656 F. R. notes 524,138 30,332 46,706 60,801 51,456 35,586 41,189 33,380 25,840 39,153 Total gold certificate reserves 22,211,567 882,562 6,692,990 1253,938 1628,166 1109,460 1001,171 4362,823 648,208 450,854 849,786 623,741 2707,868 Other cash 198,074 22,594 44,849 9,363 14,602 13,113 13,187 27,060 10,075 5,833 8,754 8,301 20,343 Discounts and advances 67,425 4,700 23,940 2,775 3,350 1,430 3,665 7,625 6,520 3,180 10,025 215 - -- 1,882 122 196 Industrial loans 2,235 mm mm mm 27 1 7 - - - - - - - - - U. S. Govt, securities: 66ll,,ll66ll 112222,,667799 Bills 1,347,309 92,884 314,047 89,598 124,890 87,044 72,167 204,317 74,319 4411,,668844 6622,,551199 Certificates 72,950 5,029 17,004 4,852 6,762 4,714 3,907 11,063 4,023 2,256 3,385 3,312 6,6 43 Notes 14,164,018 976,467 3,301,519 941,921 1312,948 915,081 758,681 2:1 47,945 781,301 438,221 657,253 642,976 1289,705 Bonds 3,922,475 270,415 914,298 260,848 363,598 253,414 210,105 594,835 216,369 121,358 182,015 178,060 357,160 Total U.S.Government securities 19,506,752 1344,795 4,546,868 1297,219 1808,198 1260,253 1044,860 2958,160 1076,012 603,519 905,172 885,509 1776,187 Total loans and I301,8f6 1261,805 2965,785 606,895 885,724 1776,187 securities 19,576,412 1349,495 4,570,835 1811,549 1048,532 1082,532 915,197 Due from foreign banks 24 2 V 7 2 2 1 1 3 1 1 1 1 2 20,695 26,298 F.R.notes of other banks 127,334 5,447 3,760 6,520 10,027 14,080 7,888 5,156 7,337 5,547 14,579 3,023,518 545,050 266,807 270,078 Uncollected items 232,045 195,399 205,882 508,214 144,990 95,943 167,317 131,520 260,273 1,087 7,707 687 Bank premises 36,494 2,937 4,820 2,802 1,502 4,056 2,011 1,122 2,257 5,506 77,876 6,836 Other assets 5,397 17,745 4,730 7,018 4,899 4,126 11,685 5,556 2,272 4,254 3,358 45,251,299 2498,629 11,899,878 2772,005 3739,484 2688,456 7893,706 1901,261 1168,076 1658,879 4791,594 TOTAL ASSETS 2284,428 1954,903 1/ After deducting $17,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis '• 1 1 i

H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 11, 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 23,142,099 1392,281 5,197,627 1619,629 2065,510 1600,606 1261,154 4481,981 1050,253 598,896 904,410 622,048 2347,70% Deposits: 706,252 2669,271 808,928 Member bank-reserve acct. 16,789,228 729,950 5,354,218 795,672 1238,162 702,349 603,384 404,295 792,323 1984,42% 82,885 51,284 30,766 U.S.Treasurer-general acct. 507,792 41,361 40,930 38,553 37,564 48,685 37,736 39,746 31,339 26,943 Foreign 1,045,193 65,495 1/332,017 83,168 94,603 51,980 43,663 143,465 37,426 25,990 38,465 36,386 92,535 Other 287,269 4,430 220,349 1,158 4,779 4,807 590 1,886 7,943 1,401 2,212 667 37,047 Total deposits 18,629,482 841,236 5,989,469 920,928 1376,097 796,700 799,190 2865,906 686,489 462,452 872,746 877,320 2140,945 Deferred availability items 2,556,010 206,080 442,110 159,822 213,155 242,069 182,856 417,800 127,321 81,446 141,428 123,961 217,962 Other liabilities including > accrued dividends 9,271 680 2,915 501 846 464 347 1,347 346 356 286 316 867 11,632,121 2700,880 3655,608 7767,034 1864,409 1143,150 1918,870 1623,645 4707,482 TOTAL LIABILITIES 44,336,862 2440,277 2639,839 2243,547 Capital paid in 220,884 12,194 72,993 15,577 20,402 9,722 8,780 28,236 7,267 4,957 7,940 9,473 23,34] 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,l4e Other capital accounts 177,837 12,369 39,296 12,854 16,511 ll,7&7 10,145 24,978 9,946 6,402 8,911 8,581 16,077 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,251,299 2498,629 11,899,878 2772,005 3739,484 2688,456 2284,428 7893,706 1901,261 1168,076 1954,903 1658,879 4791,59% Contingent liability on acceptances purchased for foreign correspondents 24,369 1,535 2/7,652 1,950 2,218 1,218 1,023 3,363 877 609 902 853 2,165 Commitments to make industrial loans 1,504 116 475 54 246 500 11: F.R. notes outstanding 23,839,862 1447,553 5,332,680 1662,296 2130,645 1637,860 1322,544 4562,292 1098,284 610,l4l 932,769 652,978 2449,82c Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,029,000 440,000 4,770,000 750,000 925,000 670,000 650,000 2880,000 350,000 210,000 280,000 204,000 1900,00c Eligible paper 48,370 4,700 19,940 2,775 — 1,330 — — 6,420 3,180 10,025 U.S. Govt, securities 10,700,000 1100,000 700,000 1000,000 1250,000 1000,000 700,000 1700,000 800,000 450,000 700,000 500,000 800,00c MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to — sr to 91 days to —E months 1 to 2 2 to 5 Over Total 15 days 3° da/s 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 67,425 64,392 1,447 1,110 476 Industrial loans 2,235 31 165 26 278 215 519 291 710 U.S. Govt, securities 19,506,752 417,258 192,892 367,308 442,801 3,892,278 10,012,990 1,409,225 2,772,000 l/ After deducting $713,166,000 participations of other Federal Reserve Banks. 2/ After deducting $16,717,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis