H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release). November 2, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 1, member bank reserve balances increased $25 million. Additions to member bank reserves resulted from increases of $107 million in Reserve Bank credit and $4 million in Treasury currency, and a decrease Of $89 million in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $98 million in money in circulation, $32 million in Treasury deposits with Federal Reserve Banks, and $4 million in Treasury cash holdings and a decrease of $4l million in gold stock. Excess reserves of member banks on November 1 were estimated to be approximately $760 million. Holdings of loans, discounts and advances increased $6l million and of United States Government securities $62 million, the latter change reflecting increases of $140 million in bonds and $2 million in certificates, and decreases of $47 million in notes and $33 million in bills. Changes in member bank reserve balances and related items during the week and the year ended November 1, 1950, were as follows: Increase or decrease since Nov. 1, Oct. 25, Nov. 2, 1950 1950 1949 (In millions of dollars) U. S. Government securities 19,291 + 62 +1,758 Loans, discounts and advances 113 + 61 - 499 Other Reserve Bank credit 456 - 15 + 185 Total Reserve Bank credit 19,860 +107 +1,444 Gold stock 23,249 - 41 -1,334 Treasury currency outstanding 4,622 + 4 + 31 Member bank reserve balances 16,67k + 25 + 237 Money in circulation 27,219 + 98 - 163 Treasury cash holdings 1,304 + 4 , 14 Treasury deposits with F. R. Banks 452 + 32 - 93 Nonmember deposits and other F. R. accounts 2,083 - 89 + 174 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

BfrAfftyENT OF CONDITION H.4.1(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov. 1, Oct. 25, Nov. 2, 1950 1950 1949 A S S E TS Gold certificates 21,510,49?-^ - 43,004 - 1,257,004 Redemption fund for"F..R«- notes 534,417 + 1,250 15,151 Total gold certificate reserves 22,044,844\y< 41,754 - 1,272,155 Other cash 233,735 - 4,915 37,393 Discounts and advances 110,884 + 60,642 - 499,893 Industrial loans 2,221 + 55 + 1,308 U. S. Govt, securities: Bills 782,664 - 32,945 - 3,119,532 Certificates 71,950 + 2,000 - 5,724,950 Notes 14,237,818 - 47,700 +13,939,718 Bonds 44,,119988,,007755 +140,100 -- 33,,333388,,112255 Total U. S. Government securities 19,290,507 + 61,455 + 1,757,111 Total loans and securities 19,403,612 +122,152 + 1,258,526 Due from foreign banks 24 11 — "* F. R. notes of other banks 138,855 - 14,606 + 27,656 Uncollected items 3,131,344 - 60,933 + 562,713 Bank premises 36,824 - 60 + 3,852 Other assets 99,471 + 8,689 29,286 TOTAL ASSETS 45,088,705 + 8,573 + 513,902 L I A B I L I T I ES Federal Reserve notes 23,068,657^6 + 78,117 155,570 Deposits: Member bank-reserve account 16,674,264 + 25,581 237,264 U. S. Treasurer-general account 451,574 + 31,241 93,280 Foreign 1,009,687 - 62,058 348,885 Other 324,899->3' + 29,465 233,179 Total deposits 18,460,33^ ^ + 24,229 +259,690 Deferred availability items 2,674,869 - 46,036 + 377,053 Other liabilities including accrued 3 dividends 8,706- 2,135 2,730 TOTAL LIABILITIES 44,212,568^.6 + 54,175 + 478,443 C A P I T AL A C C O U N TS Capital paid in 221,471 + 339 + 14,183 Surplus (Section 7) 488,173 21,462 Surplus (Section 13b) 27,543 Other capital accounts 138,9?4-- 45,941 186 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,088,705^ + 8,573 513,902 '/3 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 53.1 i> .2 $ 3.2# Contingent liability on acceptances purchased for foreign correspondents 24,099 927 + 19,980 Commitments to make industrial loans 3,041 49 + 1,206 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 NOVEMBER 1, 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. 3\ 8* Gold certificates 21,510,W 815,350 6,659,091 1182,8o4 1526,641 1028,724 932,04? 4304,561 606,682 407,549 801,131 621,79*'2624,053 Redemption fund for F. R. notes 534,417 52,816 33,996 47,085 65,348 52,894 35,270 86,438 41,056 21,607 33,289 25,736 38,882 ¥ • Total gold certificate / j reserves 22,044,84* 868,166 6,693,087 1229,889 1591,989 1081,618 967,317 4390,999 647,738 429,156 834,420 647,530 2662,935 Other cash 233,735 26,271 52,618 14,727 13,557 15,347 17,327 31,071 9,970 7,127 9,369 10,160 26,191 Discounts and advances 110,884 2,300 12,455 2,642 14,350 3,125 10,630 2,550 18,730 8,172 19,630 5,700 10,600 Industrial loans 2,221 27 1,877 1 111 7 — •» — — - — 198 — — — *»«**• U. S. Govt, securities^ Bills 782,664 53,957 182,433 52,048 72,550 50,565 41,923 118,689 43,172 24,215 36,318 35,529 71,265 Certificates 71,950 4,960 16,771 4,785 6,669 4,648 3,853 10,911 3,970 2,226 3,339 3,267 6,551 Notes 14,237,818 981,555 3,318,721 946,829 1319,789 919,848 762,635 2159,137 785,372 440,504 660,677 646,326 1296,425 Bonds -#,198,075 289,415 978,538 279,176 389,145 271,221 224,866 636,630 231,570 129,884 194,803 190,571 382,256 Total U.S.Government securities" 19,290,507 1329,887 4,496,463 1282,838 1788,153 1246,282 1033,277 2925,367 1064,084 596,829 895,137 875,693 1756,497 Total loans and securities 19,403,612 1332,187 4,508,945 1287,357 1802,504 1249,518 1043,914 2927,917 1082,8l4 605,199 914,767 881,393 1767,097 Due from foreign banks 24 2 1/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 138,855 6,828 22,778 6,306 7,631 30,893 10,063 15,223 6,372 6,323 5,794 6,091 14,553 Uncollected items 3,131,344 250,345 574,182 203,020 308,436 263,328 194,313 528,023 144,305 101,836 162,252 141,452 259,852 Bank premises 36,824 1,083 7,693 2,931 4,807 2,799 1,726 4,117 2,007 1,119 2,251 684 5,607 Other assets 99,471 6,708 22,025 6,259 9,558 6,195 5,122 15.264 6,745 2,985 5,263 4,368 8,979 TOTAL ASSETS 45,088,70^2491,590 11,881,335 2750,491 3738,484 2649,699 2239,783 7912,617 1899,952 1153,746 1934,117 1691,679 4745,216 & 3 1/ After deducting $17,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 1, 1950 H.4.1(c) £ (in thousands of dollars) L I A B I L I T I ES Total -Z Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas)SanFran. Federal Reserve notes 23,068,657 1381,070 5,144,161 1612,089 2053,000 1612,218 1262,534 4467,465 1063,883 599,428 906,766 633,863 2332,180 Deposits: Member bank-reserve acct. 16,67k,26k 721,518 5,337,772976 ,572 1221,986 681,676 684,023 2691,984 596,205 393,476 784,839 820,156 1944,102 U.S.Treasurer-general acct. 451,574 38,028 87,326 27,412 44,458 27,790 35,264 53,976 34,131 24,048 21,522 23,628 33,991 Foreign 1,009,687 /j 63,195 1/321,549 80,248 91,282 50,155 42,130 138,428 36,112 25,078 37,115 35,109 89,286 Other 324,869" 3,904 243,149 1,561 6,397 3,701 4,359 2,968 8,239 2,256 2,397 9,06)^36,817 444,858 845,873 887,95^104,196 Total deposits 18,460,33^826,645 5,989,751 905,793 1364,123 763,322 765,776 2887,356 674,687 85,384 146,935 136,072 227,136 Deferred availability items 2,674,869 227,553 486,433 163,725 239,992 227,566 172,356 435,350 12 ,3 7 Other liabilities including 5 accrued dividends 8~, 720,02-78 603 449 1,120 333 320 1,485 319 350 322 817 1130,020 1899,896 1658,-2©k 4664,329 44,212,56^2435,871 11,622,623 2682,056 3658,235 2603,439 2200,986 7791,656 1865,256 TOTAL LIABILITIES 4,955 8,045 9,482 y 23,607 221,471 12,201 73,024 15,578 20,420 9,759 8,795 28,317 7,288 Capital paid in 12,494 18,045 15,873 42,552 488,173 30,778 148,149 38,205 45,957 23,779 21,194 72,029 19,118 Surplus (Section 7) 1,073 1,137 W O? 2,140 Surplus (Section 13b) 27,543 A 3,011 7,319 4,489 1,006 3,34-9 762 1,429 521 5,204 6,994 6,816^12,588 Other capital accounts 138,95V 9,729 30,220 10,163 12,866 9,373 8,046 19,186 7,769 TOTAL LIABILITIES AND 1153,746 1934,117 1691,6751 4745,216 CAPITAL ACCOUNTS 45,088,7e| 2491,590 11,881,335 2750,491 3738,484 2649,699 2239,783 7912,617 1899,952 X3 Contingent liability on acceptances purchased 602 891 842 2,142 for foreign correspondents 24,099 1,516 2/ 7,590 1,925 2,190 1,203 1,011 3,321 866 Commitments to make 500 1,563 industrial loans 3,04l — — 205 473 54 -- 246 -- F.R. notes outstanding 23,854,447 1450,820 5,297,547 1657,684 2123,444 1650,793 1328,815 4550,296 1109,766 609,783 933,991 6 ,789 2477,719 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 2 ,000 1900,00c Eligible paper 76,254 2,300 11,555 2,642 — 3,025 — —- 18,730 8,172 19,630 10,20C 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 5 ,000 800,00c MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 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 110,884 106,909 2,480 830 665 Industrial loans 2,221 43 16 132 180 209 601 345 695 U.S. Govt, securities 19,290,507 200,817 132,208 211,919 309,670 — 13,979,068 1,409,225 3,047,600 1/ After deducting $688,126,000 participations of other Federal Reserve Banks. 2/ After deducting $16,509,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis