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 26, 1950 CONDITION OF THE FEDERA LRESERVE BANKS During the week ended. October 25 member bank reserve balances decreased $5<96 million. Reductions in member bank reserves resulted from a decrease of $673 million in Reserve Bank credit and an increase of $73 millio nin nonmember deposits and other Federal Reserve accounts, offset in part by decreases of $107 million in money in circulation, $29 million in Treasury deposits with Federal Reserve Banks, and $13 million in Treasury cash holdings. Excess reserves of member banks on October 25 were estimated to b eapproximately $740 million. Holdings of loans, discounts an dadvances increased $11 million, while holdings of United States Government securities decreased $277 million, the latter change reflecting decreases of $372 million in bills and $3 million in certifi-; cates, and increases of $79 million in bonds and $19 million in notes. Changes in member ban kreserve balances and related items during the week and the year ended October 25, 1950, were as follows: Increase or decrease since Oct. 25, Oct. 18, Oct. 26, 1950 1950 19^9 (In millions of dollars) U. S. Government securities 19,229 -277 +1,826 Loans, discounts and advances 52 +11 - 87 Other Reserve Bank credit 471 -408 + 180 Total Reserve Bank credit 19,753 -673 +1,920 Gold stock 23,290 - 1 -1,294 Treasury currency outstanding 4,618 + 1 + 27 Member bank reserve balances 16,649 -596 + 551 Money in circulation 27,121 -107 - 207 Treasury cash holdings 1,300 - 13 - 13 Treasury deposits with F. R. Banks 420 - 29 + 46 Nonmember deposits and other F. R. 2,172 + 73 + 277 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION HA. 1(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (la thousands of dollars) Increase Or decrease since Oct. 25, Oct. 18, Oct, 26, 11995500 11995500 1949 A S S E TS Gold certificates 21,553,431 —* - 1,221,000 Redemption fund for F. R. notes 533,16? + 7,754 - 12,720 Total gold certificate reserves 22,086,598 + 7,754 1,233,720 - Other cash 238,650 + 21,764 40,393 Discounts and advances 50,242 + 11,864 87,595 Industrial loans 22,,116666 - 81 + 11,,119977 U. S. Govt, securities: Bills 815,609 - 372,700 - 2,979,315 Certificates 69,950 - 3,000 - 5,701,950 Notes 14,285,518 + 19,400 +13,987,418 Bonds 44,,005577,,997755 + 7799,,550000 33,,448800,,222255 - Total U. S. Government securities 19,229,052 276,800 + 1,825,928 - Total loans and securities 19,281,460 265,017 + 1,739,530 Due from foreign banks 24 11 - F. R. notes of other banks 153,461 + 12,199 + 26,365 Uncollected items 3,192,277 829,656 + 636,074 - Bank premises 36,884 + 299 + 3,919 Other assets 90,782 + 6,525 33,604 - TOTAL ASSETS 45,080,136 -1,046,132 + H OV 00 L I A B I L I T I ES Federal Reserve notes 22,990,540 79,403 201,906 - - Deposits: Member bank-reserve account 16,648,683 559966,,669900 + 555500,,668833 - U. S. Treasurer-general account 420,333 - 28,204 + 46,792 Foreign 1,071,745 + 55,983 + 458,128 Other 295,344 + 18,978 - 254,357 Total deposits 18,436,105 549,933 + 801,246 - Deferred availability items 2,720,905 421,691 + 455,549 - Other liabilities including accrued dividends 10,843 + 1,212 - 2,041 TOTAL LIABILITIES 44,158,393 -1,049,615 + 1,052,848 C A P I T AL A C C O U N TS Capital paid in 221,132 + 100 + 13,957 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 — — • <* Other capital accounts 184,895 + 3,583 + 9,893 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,080,136 •1,046,132 + 1,098,160 Ratio of gold certificate reserves to deposit and F. R. not eliabilities combined 53.3 % + .8# 3.8# - Contingent liability on acceptances purchased for foreign correspondents 23,172 + 8877 + 20,019 Commitments to make industria lloans 3,090 4* 1,620 + 1,213 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON OCTOBER 25, 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 21,553,431 824,323 6,737,688 1209,489 1549,656 1026,704 926,113 4304,751 626,740 399,738 803,869 558,712 2585,648 Redemption fund for „ , , „ , „ „ F. R. notes 533,16? 52,883 34,309 46,211 65,441 51,511 35,339 86,682 41,085 21,617 33,305 25,801 38,983 Total gold certificate „ , reserves 22,086,598 877,206 6,771,997 1255,700 1615,097 1078,215 961,452 4391, 667,825 421,355 837,174 Other cash 238,650 25,430 57,705 14,124 17,335 14,723 16,002 31,092 101,03,23020 6,160,7107 111,11,5145 49 ,296 25,362 Discounts and advances 50,242 2,300 6,025 2,185 6,875 3,780 5,450 4,000 5,052,5025 6,962,2922 6,868,0880 100 700 Industrial loans 2,l66 --- 27 1,832 1 106 7 --- 193 - - - U. S. Govt, securities: , .. . , Bills 815,609 56,228 190,112 54,239 75,604 52,693 43,687 123,685 444,49,99090 252,52,32434 373,78,48747 37,025 74,265 Certificates 69,950 4,822 16,305 4,652 6,484 4,519 3,747 10,607 3,835,8858 2,126,4164 3,234,6246 3,176 6,370 Notes 14,285,518 984,844 3,329,840 950,001 1324,210 922,930 765,190 2166, ' 788,003 441,980 662,891 Bonds 4,057,975 279,757 945,881 269,859 376,158 262,170 217,361 615, 223,843 125,550 188,302 Total UL. S., Government „ , , ^ „ „ securities 19,229,052 1325,651 4,482,138 1278,751 1782,45 61242,312 1029,985 2916,047 1060,694 594,928 892,286 872,903 1750,901 T°8e^itie8~ 19,281,460 1327,951 4,488,190 1282,768 1789,332 1246,198 1035,442 2920,04? 1065,719 602,043 899,166 873,003 1751,601 Due from foreign banks 24 2 l/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other bank s153,461 7,749 28,281 6,904 7,503 29,554 10,279 18,837 8,121 7,100 7,505 5,813 15,815 Uncollected items 3,192,277 247,605 573,009 198,349 315,993 280,463 197,610 513,305 148,101 99,803 182,069 158,709 277,261 Bank premises 36,884 1,087 7,712 2,931 4,8l6 2,799 1,726 4,123 2,011 1,122 2,257 687 5,613 Other assets 90,782 6,l64 20,168 5,658 8,387 5,703 4,646 13,940 6,331 2,716 4,864 4,096 8,109 TOTAL ASSETS 45,080,136 2493,194 11,947,069 2766,436 3758,465 2657,656 2227,158 7892,780 1908,429 1140,24? 1944,190 1636,118 4708,394 1/ After deducting $17,000 participation sof other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 25, 1950 H (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 22,990,540 1384,109 5,132,646 1614,499 2056,672 1595,353 1250,807 4464,797 1054,055 598,322 901,037 619,171 2319,072 Deposits: . Member bank-reserve acct, 16,648,683 719,412 5,449,519 791,273 1233,758 677,064 676,190 2651,566 604,610 375,322 781,015 775,658 1913,296 U.S.Treasurer-general acct. 420,333 33,268 47,969 36,040 38,568 27,016 35,091 53,202 40,073 30,285 27,471 24,420 26,930 Foreign 1,071,745 67,171 1/340,322 85,296 97,024 53,310 44,780 147,136 38,383 26,655 39,449 37,317 94,902 Other 295»344 4,086 230,001 2,205 5,632 3,296 926 3,562 5,229 1,495 215 1,516 37,181 Total deposits 18,436,105 823,937 6,067,811 914,814 1374,982 760,686 756,987 2855,466 688,295 433,757 848,150 838,911 2072,309 Deferred availability items 2,720,905 225,670 473,060 165,026 241,154 252,101 177,710 443,280 128,492 82,720 158,272 142,047 231,373 Other liabilities including accrued dividends 10,843 640 4,115 469 1,103 492 356 1,386 330 302 298 4l8 934 TOTAL LIABILITIES 44, 158,393 2434,356 11,677,632 2694,808 3673,911 2608,632 2185,860 7764,929 1871,172 1115,101 1907,757 1600,547 4623,688 Capital paid in 221,132 12,198 73,019 15,577 20,414 9,729 8,794 28,282 7,287 4,955 8,042 9,480 23,355 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 2,140 Other capital accounts 184,895 12,851 40,950 13,357 17,177 12,167 10,548 26,111 10,331 6,624 9,209 8,911 16,659 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,080,136 2493,194 11,947,069 2766,436 3758,465 2657,656 2227,158 7892,780 1908,429 1140,247 1944,190 1636,118 4708,394 Contingent liability on acceptances purchased for foreign correspondents 23,172 1,464 2/ 7,228 1,859 2,115 1,162 976 3,207 837 581 860 8l4 2,069 Commitments to make industrial loans 3,090 254 473 54 2-4 6- — — 500 — 1,563 F.R. notes outstanding 23,837,142 1449,788 5,317,099 1664,456 2126,810 1637,855 1326,714 4555,456 1102,189 609,913 930,650 651,061 2465,151 Collateral for F.R. notes held by F.R. Agents: Gold certificates 13,929,000 440,000 4,770,000 750,000 825,000 670,000 650,000 2880,000 350,000 210,000 280,000 204,000 1900,000 Eligible paper 32,817 2,300 5,225 2,085 — 3,680 — — 5,025 6,922 6,880 — 700 U.S. Govt, securities 10,800,000 1100,000 700,000 1000,000 1350,000 1000,000 700,000 1700,000 800,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within l6 to 31 to 6l to 91 days to IT 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 50,242 46,905 2,207 755 375 Industrial loans 2,166 73 9 16 255 190 518 403 702 U.S. Govt, securities 19,229,052 199,537 134,633 235,560 315,829 9,207,548 4,819,220 1,409,225 2,907,500 1/ After deducting $731,413,000 participations of other Federal Reserve Banks. 2/ After deducting $15,944,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis