H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERA LRESERVE SYSTEM H.4.1 (For Immediate Release) November 9, 1950 CONDITION OF THE FEDERA LRESERVE BANKS During the week ended November 8 member ban kreserve balances decreased $49 million. Reductions in member bank reserves resulted from an increase of $169 million in money in circulation and decreases of $51 million in gold stock and $7 million in Reserve Bank credit, offset in part b ydecreases of $154 million in Treasury deposits with Federal Reserve Banks, $12 million in Treasury cash holdings, and $11 million in nonmember deposits and other Federal Reserve accounts. Excess reserves of member bank son November 8 wer eestimated to b eapproximately $770 million. Holdings of loans, discounts an dadvances increased $180 million and of United States Government securities $20 million, the latter change reflecting an increase of $73 millio nin bonds, and decreases of $50 million in notes and $3 million in bills. Changes in member ban kreserve balances and related items during the week and the year ended November 8, 1950 ,were as follows: Increase or decrease since Nov. 8, Nov. 1, Nov. 9, 1950 1950 1949 (In millions of dollars) U. S. Government securities 19,311 + 20 +1,605 Loans, discounts and advances 293 +180 - 27 Other Reserve Bank credit 249 -207 + 90 Total Reserve Bank credit 19,853 - 7 +1,668 Gold stock 23,198 - 51 -1,334 Treasury currency outstanding 4,622 + 30 - w Member bank reserve balances 16,625 - 49 + 480 Money in circulation 27,388 +169 - l4o Treasury cash holdings 1,292 - 12 20 Treasury deposits with F. R. Banks 298 -154 - 117 Nonmember deposits and other F. R. accounts 2,072 - 11 + 162 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H.4.1(a) OF THE TWELVE f£6|RAL RESERV EBANKS COMBINED (In thousands of dollars) Increase or decrease since Nov. 8, Nov. 1, Nov. 9, 1950 1950 1949 A S S E TS Gold certificates 21,460,431 - 50,000* 1,255,998 - Redemption fund for F. R. notes 533,969 448 14,774 - Total gold certificate reserves 21,994,400 - 50,448* 1,270,772 - Other cash 213,331 - 20,404 30,411 - Discounts and advances 290,675 +179,791 - 28,430 Industrial loans 2,248 + 27 + 1,339 U. S. Govt, securities: Bills 779,846 •- 2,818 3,251,150 - Certificates 71,950 — "» - 5,769,950 Notes 14,187,718 - 50,100 +13,889,618 Bonds 44,,227711,,557755 + 73,500 33,,226633,,112255 - Total U. S. Government securities 19,311,089 + 20,582 + 1,605,393 Total loans and securities 19,604,012 +200,400 + 1,578,302 Due from foreign banks 24 11 - F. R. notes of other banks 125,511 - 13,344 + 28,065 Uncollected items 2,791,611 -339,733 + 451,895 Bank premises 36,827 + 3 3,743 Other assets 105,322 + 5,851 28,369 - TOTAL ASSETS 44,871,038 -217,675* + 732,442 L I A B I L I T I ES Federal Reserve notes 23,192,607 +123,951* 128,823 - Deposits: Member bank-reserve account 16,624,531 - 49,733 + 479,776 U. S. Treasurer-general account 297,944 -153,630 - 117,218 Foreign 1,028,256 + 18,569 + 339,445 Other 296,170 - 28,643* 234,785 - Total deposits 18,246,901 -213,437* + 467,218 Deferred availability items 2,542,284 -132,585 + 362,020 Other liabilities including accrued dividends 9,459 + 756* 2,952 - TOTAL LIABILITIES 43,991,251 -221,315* + 697,463 C A P I T AL A C C O U N TS Capital paid in 221,506 + 35 + 14,062 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 — mm mm Other capital accounts 142,565 + 3,605* - 545 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,871,038 -217,675* + 732,442 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 53.1# mm mm _ 3.5# Contingent liability on acceptances purchased for foreign correspondents 23,746 353 + 19,212 Commitments to make industria lloans 3,335 + 294 + 1,501 -st-Nov, 1 figures revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 8, 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 21,460,431 777,159 6,634,641 1204,412 1542,314 1053,326 947,130 4252,694 615,249 399,646 792,979 623,389 2617,492 Redemption fund for F. R. notes .533,969 52,799 33,876 47,067 65,295 52,878 3355,,224466 8866,,337777 41,031 2211,,559966 33,273 2255,,772266 3388,,880055 Total gold certificate reserves 21,994,400 829,958 6,668,517 1251,479 1607,609 1106,204 982,376 4339,071 656,280 421,242 882266,,225522 649,115 2656,297 Other cash 213,331 25,693 48,544 11,496 16,783 12,647 14,964 28,680 10,321 4,775 7,677 8,351 23,400 Discounta-rand advances 290,675 4,650 71,080 2,690 30,225 4,320 5,830 110,700 22,895 4,722 21,163 3,100 9,300 Industrial loans 2,248 — — — 27 1,914 1 104 7 --- 195 - - - — — - U. S. Govt, securities Bills 779,846 53,762 181,776 51,860 72,289 50,383 41,772 118,262 43,017 24,128 3366,,118877 3355,,440011 71,009 Certificates 71,950 4,960 16,771 4,785 6,669 4,648 3,853 10,9H 3,970 2,226 3,339 3,267 6,551 Notes 14,187,718 978,101 3,307,043 943,497 1315,145 916,612 759,951 2151,539 782,609 438,954 658,353 644,051 1291,863 Bonds 4,271,575 294,484 995,670 284,065 395,958 275,969 228,803 647,776 235,623 132,158 198,213 193,908 388,948 ^Total UJEUGovernment j.-®eaaarlties 19,311,089 1331,307 4,501,260 1284,207 1790,061 1247,612 1034,379 2928,488 1065,219 597,466 896,092 876,627 1758,371 Total loans and securities 19,604,012 1335,957 4,572,367 1288,811 1820,287 1252,036 1040,216 3039,188 1088,114 602,383 917,255 879,727 1767,671 Due from foreign banks 24 2 1/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 125,511 6,853 17,762 4,577 6,4l8 28,725 10,097 13,684 6,997 5,941 5,483 5,007 13,967 Uncollected items 2,791,611 215,333 475,642 186,998 273,909 258,119 179,230 461,207 133,539 100,362 148,558 121,491 237,223 Bank premises 36,827 1,083 7,693 2,931 4,807 2,799 1,726 4,117 2,008 1,119 2,251 686 5,607 Other assets 105,322 7,163 23,340 6,696 10,048 6,577 5,458 16,046 7,156 3,174 5,583 4,635 9,446 TOTAL ASSETS 44,871,038 2422,042 11,813,872 2752,990 3739,863 2667,108 2234,068 7901,996 1904,416 1138,997 1913,060 1669,013 4713,613 l/ 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 FEDERA LRESERVE BANKS ON NOVEMBER 8, 1950 5.4.1(c) (in thousands of dollars) L I A B I L I T I ES Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Ballas EanFran. 1623,228 2064,386 1611,969 1266,298 4488,110 1075,041 603,061 911,604 638,117 2356,337 Federal Reserve notes 23,192,60? 1384,100 5,170,356 Deposits: Member bank-reserve acct. 16,624,531 697,t>45 5,342,453 776,135 1247,299 672,590 688,073 2698,085 612,124 384,504 765,708 811,991 1927,924 26,688 25,959 29,225 26,636 25,345 28,559 11,116 20,997 21,636 21,374 26,836 U.S. Treasurer -general acct. 297,9-44 33,573 Foreign 1,028,256 64,317 1/327,906 81,672 92,902 51,045 42,878 140,884 36,752 25,523 37,773 35,732 90,872 Other 296,170 5,176 229,945 1,542 5,333 3,336 1,467 2,295 5,764 1.137 1,459 619 38,097 432,161 826,576 869,716 2083,729 Total deposits 18,246,901 800,711 5,926,992 885,308 1374,759 753,607 757,763 2869,823 665,756 Deferred availability items 2,542,284 180,670 454,311 175,258 218,933 254,588 170,644 421,185 128,277 79,643 140,096 127,186 191,493 Other liabilities including accrued dividends 9,459 646 2,687 504 1,202 462 376 1,361 377 298 325 343 878 1115,163 1878,6011 635,362 4632,437 TOTAL LIABILITIES 43,991,251 2366,127 11,554,346 2684,298 3659,280 2620,626 2195,081 7780,479 1869,451 Capital paid in 221,506 12,201 73,026 15,578 20,422 9,761 8,796 28,331 7,292 4,955 8,053 9,482 23,609 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 1 , ,3 8 0 73 7 4 2 2 , , 1 5 4 5 0 2 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 Other capital accounts 142,565 9,925 31,032 10,420 13,198 9,593 8,235 19,728 8,034 5,312 7,224 6,989 12,875 TOTAL LIABILITIES AND 44,871,038 2422,042 11,813,872 2752,990 3739,863 2667,108 2234,068 7901,996 1904,4l6 1138,997 1913,060 1669,013 4713,613 CAPITAL ACCOUNTS Contingent liability on acceptances purchased 856 594 880 832 2,116 23,746 1,498 2/ 7,436 1,902 2,164 1,189 998 3,28l for foreign correspondents Commitments to make 166 458 5y-4T - — — 500 244 — 1,913 industrial loans 3,335 1448*501 5,310,462 1665,659 2128,383 1653,286 1334,254 4564,941 1112,734 612,841 936,723 667,988 2475,474 F.R. notes outstanding 23,911,246 Collateral for F.R. notes held by F.R. Agents: 4,770,000 750,000 825,000 670,000 650,000 2880,000 350,000 210,000 280,000 204,000 1900,000 Gold certificates 13,929,000 440,000 21,163 — • 7,300 Eligible paper 137,220 4,650 69,880 2,390 -- 4,220 — — 22,895 4,722 700,000 500,000 800,000. 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 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within l6 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 290,675 283,357 5,373 1,205 i-T-V 740 Industrial loans 2,248 40 15 16a 18 214 612 492 1,409,2 69 2 5 5 3,121,100 U.S. Govt, securities 19,311,089 144,452 180,283 294,901 232,160 -- 13,928,968 l/ After deducting $700,337,000 participations of other Federa lReserve Banks. 2/ After deducting $16,310,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis