H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) October 19, 1950 CONDITION OF THE FEDERA LRESERVE BANKS During the week ended October 18 member ban kreserve balances increased $456 million. Additions to member bank reserves resulted from an increase of $3 2 million in Reserve Bank credit and decreases of $111 millio nin money in circulation, $59 million in Treasury deposits with Federal Reserve Banks, $4] million in nonmember deposits and other Federal Reserve accounts, and $3 million in Treasury cash holdings, offset in part b ya decrease of $l4l million in gold stock. Excess reserves of member bank son October 18 were estimated to b eapproximately $1,330 million. Holdings of loans, discounts an dadvances decreased $29 million while oldings of United States Government securities remained practically unchanged, a decrease of $159 million in bills being offset by increases of $102 million in notes and $56 million in bonds. Changes in member ban kreserve balances and related items during the week and the year ended October 18, 1950, were as follows: Increase or decrease since Oct. 18, Oct. 11, Oct. 19, 1950 1950 194-9 (in millions of dollars) U. S. Government securities 19,506 - 1 +1,840 Loans, discounts and advances 41 - 29 - 82 Other Reserve Bank credit 879 +4li + 511 Total Reserve Bank credit 20,426 +382 +2,269 Gold stock 23,291 -l4l -1,294 Treasury currency outstanding 4,617 - 1 + 26 Member bank reserve balances 17,245 +456 + 840 Money in circulation 27,228 -111 - 199 Treasury cash holdings 1,313 - 3 + 3 Treasury deposits with F. R. Banks 449 - 59 + 132 Norurrariber deposits end other F. R. 2,099 - 43 + 225 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 (Ip thousands of dollars) Increase or decrease since Oct. 18, Oct. 11, Oct. 19; 1950 1950 1949 A S S E TS Gold certificates 21,553,431 -133,998 1,222,998 - Redemption fund for F. R. notes 525,413 + 1,275 23,141 - Total gold certificate reserves 22,078,844 -132,723 1,246,13S - Other cash 216,886 + 18,812 49,788 - Discounts and advances 38,378 - 29,047 83,535 + Industrial loans 22,,224477 + 12 11,,229966 U. S. Govt, securities: Bills 1,188,309 -159,000 2,865,115 - Certificates 72,950 — - 5,702,950 Notes 14,266,118 +102,100 +13,968,018 Bonds 33,,997788,,447755 ++5566,,000000 33,,555599,,772255 - Total U. S. Government + securities 19,505,852 900 1,840,228 + Total loans and securities 19,546,477 - 29,935 1,757,989 Due from foreign banks 24 11 — — +- F. R. notes of other banks 141,262 + 13,928 24,551 + Uncollected items 4,021,933 +998,415 990,164 + Bank premises 36,585 + 91 3,586 Other assets 84,257 + 6,381 35,140 - + TOTAL ASSETS 46,126,268 +874,969 1,445,212 L I A B I L I T I ES -Federal Reserve notes 23,069,943 - 72,156 198,765 - Deposits: + Member bank-reserve account 17,245,373 +456,145 840,286 + U. S. Treasurer-general account 448,537 - 59,255 131»650 + Foreign 1,015,762 - 29,431 440,177 Other 276,366 - 10,903 290,092 - Total deposits 18,986,038 +356,556 + 1,122,021 + Deferred availability items 33,,114422,,559966 ++558866,,558866 447788,,889977 Other liabilities including accrued dividends 9,631 + & O - 2,283 TOTAL LIABILITIES 45,208,208 +871,346 + 1,399,870 C A P I T AL A C C O U N TS + Capital paid in 221,032 + 148 13,907 + Surplus (Section 7) 488,173 21,462 Surplus (Section 13b) 27,543 mm mm m* + tm mm mm Other capital accounts 181,312 + 3,475 9,973 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 46,126,268 +874,969 + 1,445,212 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 5522..55 $$ --..77## - 44..22## Contingent liability on acceptances purchased + for foreign correspondents 23,085 - 1,284 19,842 Commitments to make industria lloans 1,470 34 4l4 - 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 18, 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 21,553,431 843,433 6,922,435 1177,518 1531,326 992,090 896,768 4216,114 593,135 405,854 788,536 590,931 2595,291 Redemption fund for F. R. notes 525,413 53,013 29,773 46,436 60,609 52,460 35,462 86,684 41,135 21,637 33,341 25,801 39,062 Total gold certificate reserves 22,078,844 896,446 6,952,208 1223,954 1591,935 1044,550 932,230 4302,798 634,270 427,491 821,877 616,732 2634,353 Other cash 216,886 24,361 49,576 11,914 12,820 13,881 16,587 29,088 10,096 6,605 8,857 9,683 23,418 Discounts and advances 38,378 300 8,000 2,485 2,125 1,930 1,300 700 3,100 4,975 10,550 1,213 1,700 Industrial loans 2,247 27 1,906 1 107 7 199 U. S. Govt, securities: Bills 1,188,309 81,922 276,985 79,024 110,152 76,772 63,651 180,205 65,548 36,765 55,141 53,943 108,201 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 6,643 Notes 14,266,118 983,506 3,325,318 948,711 1322,412 921,677 764,150 2163,428 786,933 441,380 661,991 647,611 1299,001 Bonds 3,978,475 274,276 927,351 264,572 368,789 257,032 213,104 603,327 219,458 123,091 184,613 180,602 362,260 Total U.S.Government securities 19,505,852 1344,733 4,546,658 1297,159 1808,115 1260,195 1044,812 2958,023 1075,962 603,492 905,130 885,468 1776,105 Total loans and securities 19,5^6,477 1345,033 4,554,685 1301,550 1810,241 1262,232 1046,119 2958,723 1079,062 608,666 915,680 886,681 1777,805 Due from foreign banks 24 2 1/ 7 2 2 1 1 3 1 1 1 12 F.R.notes of other banks 141,262 5,829 24,995 6,392 6,927 24,629 10,100 17,323 8,356 5,598 6,921 6,530 17,662 Uncollected items 4,021,933 334,482 725,163 267,025 376,505 351,472 261,677 674,049 173,025 119,185 196,694 182,788 359,868 Bank premises 36,585 1,087 7,707 2,937 4,816 2,809 1,502 4,123 2,011 1,122 2,257 687 5,527 Other assets 84,257 5,602 19,110 5,125 7,809 5,234 4,509 12,653 5,922 2,511 4,524 3,857 7,401 TOTAL ASSETS 46,126,268 2612,842 12,333,451 2818,899 3811,055 2704,808 2272,725 7998,760 1912,743 1171,179 1956,811 1706,959 4826,036 1/ 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 FEDERA LRESERVE BANKS ON OCTOBER 18 ,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 23,069,943 1389,546 5,160,861 1613,942 2059,567 1601,063 1258,228 4476,614 1053,204 599,137 903,305 621,812 2332,664 Deposits: Member bank-reserve acct .17,245,373 784,443 5,781,557 812,479 1272,191 693,644 671,771 2639,564 598,547 390,804 777,449 830,937 1991,987 U.S.Treasurer-general acct. 448,537 35,138 49,302 37,085 39,139 23,144 35,920 82,545 29,092 32,511 33,298 24,319 27,044 Foreign 1,015,762 63,706 1/322,069 80,896 92,019 50,560 42,470 139,546 36,403 25,280 37,414 35,392 90,007 Other 276,366 3,016 217,258 1,070 4,392 3,021 518 2,675 5,307 1,026 305 574 37,204 Total deposits 18,986,038 886,303 6,370,186 931,530 1407,741 770,369 750,679 2864,330 669,349 449,621 848,466 891,222 2146,242 Deferred availability items 3,142,596 277,367 531,062 201,590 258,521 284,124 222,385 529,023 152,857 97,104 168,527 158,137 261,899 Other liabilities including accrued dividends 9,631 970 2.725 459 1,007 462 340 1,540 J2±_ 278 311 388 830 TOTAL LIABILITIES 45,208,208 2554,186 12,064,834 2747,521 3726,836 2656,018 2231,632 7871,507 1875,731 1146,l4o 1920,609 1671,559 4741,635 Capital paid in 221,032 12,198 73,016 15,577 20,410 9,726 8,787 28,247 7,269 4,953 8,032 9,474 23,343 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 M 89 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 181,312 12,669 40,133 13,107 16,846 11,936 10,350 25,548 10,104 6,519 8,988 8,746 16,366 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 46,126,268 2612,842 12,333,451 2818,899 3811,055 2704,808 2272,725 7998,760 1912,743 1171,179 1956,811 1706,959 4826,036 Contingent liability on acceptances purchased for foreign correspondents 23,085 1,454 2/ 7,249 1,847 2,101 1,154 970 3,186 831 577 854 808 2,054 Commitments to make industrial loans 1,470 —«*— ——— 83 474 54 — 246 — ——— 500 ——— 113 F.R. notes outstanding 23,844,861 1450,671 5,330,629 1657,411 2127,901 1643,463 1329,491 4561,534 1094,555 609,024 931,414 651,888 2456,880 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 1900,000 Eligible paper 32,890 300 8,000 2,485 1,830 3,050 4,975 10,550 --- 1,700 U.S. Govt, securities 10,700,000 1100,000 700,000 1000,000 1250,000 1000,000 700,000 1700,000 800,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 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 38,378 36,181 902 870 425 --- Industrial loans 2,247 41 150 19 297 225 517 291 707 U.S. Govt, securities 19,505,852 313,510 175,652 307,483 464,6l4 9,181,748 4,825,620 2,828,000 l/ After deducting $693,684,000 participations of other Federa lReserve Banks. 2/ After deducting $15,836,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis