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 16, 1950 CONDITION OF THE FEDERA LRESERVE BANKS During the week ended November 15 member bank reserve balances increased $429 million. Additions to member ban kreserves resulted from an increase of $318 million in Reserve Bank credit and decreases of $128 million in nonmember deposits and other Federal Reserve accounts and $92 million in money in circulation, offset in part b ya decrease of $$0 millio nin gold stoc kand increases of $43 million in Treasury deposits with Federal Reserve Banks and $12 million in Treasury cash holdings. Excess reserves of member bank son November 15 were estimated to be approximately $1,090 million. Holdings of loans, discounts an dadvances decreased $220 million while holdings of United States Government securities increased $114 million, the latter change reflecting increases of $195 million in bills and $10 million in bonds, and a decrease of $91 millio nin notes. Changes in member ban kreserve balances and related items during the week and the year ended November 15, 1950, were as follows: Increase or decrease since Nov. 15, Nov. 8, Nov. l6, 1950 1950 19^9 (in millions of dollars) U, S. Government securities 19,425 +114 +1, 636 Loans, discounts and advances 73 -220 - 52 Other Reserve Bank credit 673 +424 + 236 Total Reserve Bank credit 20,171 +318 +1, 820 Gold stock 23,148 - 50 -1, 382 Treasury currency outstanding 4,621 - 1 + 29 Member bank reserve balances 17,054 +429 + 622 Money in circulation 27,296 - 92 101 - Treasury cash holdings 1,304 + 12 19 - Treasury deposits with F. R. Banks 341 + 43 67 - Nonmeiriber deposits and other F. R. accounts 1,944 -128 4- 30 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION HA.1(a) OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov. 15, Nov. 8, Nov. 16, 1950 11995500 1949 A S S E TS Gold certificates 21,387,429 73,002 1,327,001 - - Redemption fund for F. R. notes 532,097 - 1,872 - 18,646 Total gold certificate reserves 21,919,526 74,874 1,345,647 - - Other cash 241,118 + 27,787 12,067 - Discounts and advances 71,029 - 219,646 - 53,025 Industrial loans 2,239 9 + 941 - U. S. Govt, securities: Bills 974,646 + 194,800 3,128,850 - Certificates 71,950 — — - 5,782,950 Notes 14,096,918 90,800 +13,798,818 - Bonds 44,,228811,,227755 + 9,700 3,251,025 - Total U. S. Government securities 19,424,789 + 113,700 + 1,635,993 Total loans and securities 19,498,057 - 105,955 + 1,583,909 Due from foreign banks 24 11 - F. R. notes of other banks 151,790 + 26,279 + 27,391 Uncollected items 4,090,787 +1,299,176 + 477,566 Bank premises 37,392 + 565 + 4,286 Other assets 110,696 + 5,374 - 27,980 TOTAL ASSETS 46,049,390 +1,178,352 + 707,447 L I A B I L I T I ES Federal Reserve notes 23,143,488 - 49,119 - 97,553 Deposits: Member bank-reserve account 17,053,793 + 442299,,226622 + 662211,,994488 U. S. Treasurer-general account 341,275 + 43,331 - 66,439 Foreign 964,970 - 63,286 + 271,742 Other 233,650 62,520 296,954 - - Total deposits 18,593,688 + 346,787 + 530,297 Deferred availability items 3,418,292 + 876,008 + 242,273 Other liabilities including accrued dividends 10,489 + 1,030 - 2,342 TOTAL LIABILITIES 45,165,957 +1,174,706 + 672,675 C A P I T AL A C C O U N TS Capital paid in 221,617 + 111 + 14,030 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 -- -- Other capital accounts 146,100 + 3,535 - 720 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 46,049,390 +1,170#352 + 707,447 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 52.5# - ..66## - 3.8% Contingent liability on acceptances purchased for foreign correspondents 23,390 335566 + 17,721 - Commitments to make industria lloans 3,331 k + 1,496 - 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 NOVEMBER 15 ,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 21,387,429 802,676 6,621,901 1192,287 1523,233 1028,746 928,581 4257,531 618,117 401,754 799,190 618,623 2594,790 .Redemption fund for F. R. notes 532,097 52,553 32,950 46,593 65,993 50,675 35,034 86,235 40,947 21,564 35,213 25,686 38,654 Total -gold certificate reserves 21,919,526 855,229 6,654,851 1238,880 1589,226 1079,421 963,615 4343,766 659,064 423,318 834,403 644,309 2633,444 Other cash 241,118 25,717 50,682 11,663 13,907 16,058 18,672 34,332 13,886 5,796 8,989 10,129 31,287 Discounts and advances 71,029 7,975 16,230 2,495 5,400 420 1,480 2,900 14,690 2,122 15,317 2,000 — — — Industrial loans 2,239 — 27 1,905 1 108 7 — — - — 191 — — — — — — — — — tL. S. Govt, securities: Bills 974,646 67,192 227,182 64,815 90,346 62,968 52,206 147,803 53,762 30,155 45,227 44,244 88,746 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 14,096,918 971,842 3,285,879 937,459 1306,728 910,745 755,087 2137,769 777,600 436,145 654,139 639,930 1283,595 Bonds 4,281,275 295,151 997,931 284,709 396,857 276,597 229.323 649.247 236,159 132,458 198.664 194.347 189.812 Total U.S.Government securities 19,424,789 1339,145 4,527,763 1291,768 1800,600 1254,958 1040,46 92945,730 1071,491 600,984 901,369 881,788 1768,724 Total loans and securities 19,498,057 1347,120 4,544,020 1296,168 1806,001 1255,486 1041,956 2948,63 01086,181 603,297 916,686 883,788 1768,724 Due from foreign banks 24 2 1/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other bank s151,790 4,922 26^259 5>206 6,287 30,368 13,64? 16,643 8,761 6,062 6,811 5,329 21,495 Uncollected items 4,090,787 304,352 726,328 236,967 401,356 367,946 276,919 711,793 187,4l6 118,381 218,748 207,492 333,089 Bank premises 37,392 1,083 7,696 2,931 4,804 2,799 1,726 4,122 2,007 1,119 2,655 686 5,764 Other assets 110,696 7,645 25,118 6,974 10,375 6,961 5,717 16,923 7.386 3,358 5,318 4,915 10,006 TOTAL ASSETS 46,049,390 2546,070 12,034,961 2798,791 3831,958 2759,040 2322,253 8076,212 1964,702 1161,332 1993,611 1756,649 4803,811 l/ After deducting $17,000 participation sof other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON NOVEMBER*15, 1950 H.4.1(c) (In thousands of dollars) L Fe I de A ra B l I R L es I er T ve I n E o S t es 23,14 T 3 o , t 4 a 8 l 8 13 B 9 o 1 s , t 8 o 9 n 8 5 N , e 1 w 6 6, Y 0 o 9 r 2 k 16 P 2 h 2 i , l 3 a 1 . 1 C 2 l 0 e 6 v 6 e , . 354 R 1 i 6 c 0 h 8 . ,028 A 1 t 2 l 5 a 7 n , t 6 a 2 8 C 4 h 4 i 7 c 6 a , g 1 o 99 S 1 t 0 . 7 L 0 o , u 8 i 4 s 4 6 0% %% i %%r } m De M p e o m s b i e t r s : t ank-reserve acct. 17,053,793 733,334 5,446,287 811,617 1251,467 709,171 707,624 2714,294 636,279 398,253 812,654 861,386 1971,427 U.S. Treasurer-general acct. 341,275 24,370 57,282 24,624 26,775 31,360 32,643 36,023 16,236 17,836 23,536 21,097 29,493 Foreign 964,970 60,392 1/307,357 76,688 87,233 47,930 40,261 132,287 34,510 23,965 35,468 33,551 85,326 Other 233,650 „ „ 5,322 168,120 1,571 5,039 4.204 489 2,350 6,420 1.084 234 592 38,225 Def T e o r t r a e l d d a e v p a o i s l i a t b s i lity items 1 8 3 , , 5 4 9 1 3 8 , , 6 2 8 9 8 2 8 27 2 3 3 , , 7 4 3 1 2 8 5, 6 9 2 7 6 9, , 0 2 4 4 6 4 9 1 1 9 4 2 , ,4 5 5 0 6 0 3 1 1 3 3 7 , 0 0 , 9 5 4 1 4 7 3 9 1 2 1 , , 6 2 6 2 5 9 2 7 4 8 4 1 , , 0 0 4 1 2 7 2 5 8 9 8 1 4 , , 3 9 7 5 1 4 1 6 6 9 4 3 , , 9 4 2 4 5 5 4 9 4 4 1 , , 2 1 6 3 9 8 8 1 7 7 1 9 , , 8 4 9 7 2 0 9 1 1 7 6 2 , , 6 4 2 6 6 9 2 2 1 54 2 , 4 9 , 9 47 1 3 Other liabilities including 10.489 802 3.230 593 1,067 4l6 365 l,6l6 376 320 387 406 911 accrued dividends 45,165,957 2489,850 11,774,612 2729,860 3751,029 2712,338 2283,052 7954,140 1929,590 1137,398 1958,98 91722,842 4722,257 Ca T p O i T t A a L l p L a I i AB d I i L n IT IES 221,617 12,201 73,027 15,579 20,423 9,761 8,826 28,337 7,297 4,956 8,118 9,483 23,605 23,779 21,194 72,029 19,118 12,494 18,045 15,873 42,552 Surplus (Section 7) 488,173 30,778 148,149 38,205 45,957 2,l4C 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 Other capital accounts 146,100 10,230 31,854 10.658 13,543 9,813 8,419 20,277 8,176 5,411 7,322 7,144 . 13,25^ TOTAL LIABILITIES AND 4803,813 46,049,390 2546,070 12,034,961 2798,791 3831,958 2759,040 2322,253 8076,212 1964,702 1161,332 1993,611 1756,649 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 23,390 1,474 2/7,345 1,871 2,128 1,169 982 3,228 842 585 865 819 2,082 Commitments to $aake industrial loans 3,331 166 458 54 244 500 — 1,90S F.R. notes outstanding 23,940,953 >137,922 612,007 935,255 667,040 2478,411 Collateral for F.R. notes held by F.R. Agents: Gold certificates 13,964,000 440,000 4,770,000 750,000 882255,,000000 685,000 650,000 2900,000 350,000 210,000 280,000 204,000 1900,00( 14,690 2,122 15,317 Eligible paper 58,349 7,975 15,430 2,495 — 320 U.S. Govt, securities 10,900,000 1100,000 700,000 1000,000 1350,00 01000,000 700,000 1700,000 900,000 450,000 700,000 500,000 800,00( MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 xtco 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 71,029 66,976 2,352 1,00566 695 Industrial loans 2,239 41 9 149 20 204 609 513 694 U.S. Govt, securities 19,424,789 257,533 96,075 361,214 331,774 — 13,846,668 1,397,725 3,133,800 %/ After deducting $657,600,000 participations of other Federa lReserve Banks. 2/ After deducting $16,045,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis