H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4,1 (For Immediate Release) Nov. 24, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 22 member bank reserve balances decreased $432 million. Reductions in member bank reserves resulted from increases of $200 million in Treasury deposits with Federal Reserve Banks, $154 million in money in circulation, and $43 million in nonmember deposits and other Federal Reserve accounts, and decreases of $51 million in gold stock and $9 million in Reserve Bank credit, offset in part by a decrease of $23 million in Treasury cash holdings. Excess reserves of member hanks on November 22 were estimated to be approximately $6l0 million. Holdings of loans, discounts and advances increased $176 million, while holdings of United States Government securities decreased $129 million, the latter change reflecting decreases of $116 million in notes and $13 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended November 22, 1950, were as follows: Increase or decrease since Nov. 22, Nov. 15, Nov. 23, 1950 1950 1949 (In millions of dollars) U. S. Government securities 19,296 -129 +1,627 Loans, discounts and advances 249 +176 + 114 Other Reserve Bank credit 617 - 56 + 330 Total Reserve Bank credit 20,162 - 9 +2,071 Gold stock 23,097 - 51 -1,433 Treasury currency outstanding 4,622 + 1 + 26 16,622 -432 + 635 Member bank reserve balances Money in circulation 27,450 +154 - 58 Treasury cash holdings 1,281 - 23 - 34 Treasury deposits with F. R. Banks 541 +200 + 131 Nonmember deposits and other F. R. accounts 1,987 + 43 10 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 (In thousands of dollars) Increase or decrease since Nov. 22, Nov. 15, Nov. 23, 1950 1950 1949 A S S E TS Gold certificates 21,333,430 - 53,999 - 1,391,002 Redemption fund for F. R. notes 534,094 + 1,997 13,390 Total gold certificate reserves 21,867,524 - 52,002 - 1,404,392 Other cash 242,446 + 1,328 + 3,578 Discounts and advances 247,050 +176,021 + 114,297 Industrial loans 2,226 13 + 380 U. S. Govt, securities: Bills 974,646 -- - 3,059,682 Certificates 71,950 - 5,750,950 Notes 13,980,718 -116,200 +13,682,618 Bonds 44,,226688,,337755 - 12,900 - 3,244,925 Total U. S. Government securities 19,295,689 -129,100 + 1,627,061 Total loans and securities 19,544,965 + 46,908 + 1,741,738 Due from foreign banks 24 — 11 F. R. notes of other banks 134,280 - 17,510 + 15,552 Uncollected items 3,438,370 -652,417 + 856,683 Bank premises 37,713 + 321 + 4,535 Other assets 114,393 + 3,697 - 28,007 TOTAL ASSETS 45,379,715 -669,675 + 1,189,676 L I A B I L I T I ES Federal Reserve notes 23,255,859 +112,371 70,819 Deposits: Member bank-reserve account 16,621,898 -431,895 + 635,093 U. S. Treasurer-general account 540,738 +199,463 + 131,096 Foreign 934,109 - 30,861 + 188,769 Other 307,493 + 73443 - 253,321 Total deposits 18,404,238 -189,450 +701,637 Deferred availability items 2,821,661 -596,631 + 527,323 Other liabilities including accrued dividends 10,869 + 380 : &4T7 TOTAL LIABILITIES 44,492,627 -673,330 + 1,155,664 C A P I T AL A C C O U N TS Capital paid in 221,800 183 + 14,229 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 Other capital accounts 149,572 1,679 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,379,715 W /0 + 1,189,676 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 52.5# 4.2# Contingent liability on acceptances purchased for foreign correspondents 24,170 + 780 + 17,439 Commitments to make industrial loans 3,337 + 6 + 1,508 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE mBRS^ON NOVEMBER 22, 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 21,333,430 806,454 6,569,568 1208,842 1586,391 1021,809 908,535 4205,999 617,030 383,872 790,497 657,134 2577,299 Redemption fund for F. R. notes 534,094 52,486 32,598 47,483 66,920 51,773 34,973 85,962 40,925 21,552 35,189 25,628 38,605 Total gold certificate reserves 21,867,524 858,940 6,602,166 1256,325 1653,311 1073,582 943,508 4291,961 657,955 405,424 825,686 NO ?N & Other cash 242,446 24,261 47,437 11,007 18,656 16,105 19,016 31,755 14,489 5,759 8,938 10,705 Discounts and advances 247,050 6,930 117,230 9,090 7,472 13,170 18,728 26,385 19,870 12,522 14,553 100 1,000 Industrial loans 2,226 27 1,898 1 107 7 *»«•«» — — — 186 ****** U. 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 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 13,980,718 963,831 3,258,79k 929,732 1295,956 903,238 748,863 2120,148 771,190 432,550 648,747 634,655 Bonds 4,268,375 294,262 994,924 283,851 395,662 275,763 228,632 647,291 235,447 132,058 198,065 193,762 Total U.S.Government securities 19,295,689 1330,245 4,497,671 1283,183 1788,633 1246,617 1033,55^ 2926,153 1064,369 596,989 895,378 875,928 1756,969 Total loans and securities 19,544,965 1337,175 4,614,928 1294,171 1796,106 1259,894 1052,289 2952,538 1084,239 609,697 909,931 876,028 1757,969 Due f«m foreign banks 24 2 1/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 134,280 4,714 187233 5,236 6,385 29,755 10,326 16,787 9,309 5,176 5,967 6,405 15,987 Uncollected items 3,438,370 279,656 627,210 239,538 317,370 290,557 217,071 539,496 155,391 113,755 193,054 165,476 299,796 Bank premises 37,713 1,083 7,696 2,926 4,804 2,790 1,725 4,444 2,008 1,119 2,655 686 5,777 Other assets 114,393 7,831 25,566 7,251 10,754 7,282 5,961 17,579 7,665 3,474 5,496 5,134 10,400 TOTAL ASSETS 45,379,715 2513,662 11,943,243 2816,456 3807,388 2679,966 2249,897 7854,563 1931,057 1144,405 1951,728 1747,197 4740,153 l/ 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 FEDERAL RESERVE BANKS ON NOVEMBER 22, 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 SariFran, Federal Reserve notes 23,255*859 1412,570 5,231,095 1637,933 2076,434 1605,409 1252,945 4494,056 1073,277 601,986 906,346 633,097 2330,713 Deposits: Member bank-reserve acct. 16,621,898 700,297 5,318,705 769,224 1242,182 693,748 702,464 2592,304 613,603 384,604 789,352 854,620 1960,79; U.S.Treasurer-general acct. 540,738 42,117 69,653 69,231 72,276 36,650 24,659 80,202 37,224 23,121 24,497 34,836 26,27; Foreign 934,109 58,470 1/297,419 74,248 84,457 46,405 38,980 128,078 33,412 23,203 34,340 32,484 82,61: Other 307,493 4,580 248,387 2,089 4,641 1,733 4o4 2,369 5,766 1,468 176 527 35,35- Total deposits l8, 404,238 805,464 5,934,164 914,792 1403,556 778,536 766,507 2802,953 690,005 432,396 848,365 922,467 2105,03; Deferred availability items 2, 821,661 238,340 513,830 194,008 244,947 248,549 190,608 433,236 131,977 85,655 161,769 157,190 221,552 Other liabilities including accrued dividends 10,869 878 3,011 534 1,182 532 444 1,661 412 314 4l6 477 l,QQf TOTAL LIABILITIES 44,492,627 2457,252 11,682,100 2747,267 3726,119 2633,026 2210,504 7731,906 1895,671 1120,351 1916,896 1713,231 4658,304 Capital paid in 221,800 12,201 73,030 15,615 20,440 9,772 8,827 38,389 7,326 4,957 8,148 9,484 23,613 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,l4c Other capital accounts 149,572 10,420 32,645 10,880 13,866 10,040 8,610 20,810 8,421 5,530 7,502 7,302 13,544 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,379,715 2513,662 11,943,243 2816,456 3807,388 2679,966 2249,897 7854,563 1931,057 1144,405 1951,728 1747,197 4740,15; Contingent liability on acceptances purchased for foreign correspondents 24,170 1,523 2/7,592 1,933 2,199 1,208 1,015 3,335 870 604 894 846 2,151 Commitments to make industrial loans 3,337 172 458 54 244 500 1,909 F.R. notes outstanding 24, 018,017 1454,129 5,352,778 1681,812 2145,084 1665,545 1336,707 4572,258 1117,647 611,311 934,172 671,032 2475,54 Collateral for F.R. notes held by F.R. Agents: Gold certificates 13,9 64,000 440,000 4,770,000 750,000 825,000 685,000 650,000 2900,000 350,000 210,000 280,000 204,000 1900,00C Eligible paper 191,265 6,930 115,230 9,090 — 12,070 — — 19,870 12,522 14,553 — 1,00C U.S. Govt, securities 10,9 00,000 1100,000 700,000 1000,000 1350,000 1000,000 700,000 1700,000 900,000 450,000 700,000 500,000 800,00C MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 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 247,050 240,372 5,005 856 817 Industrial loans 2,226 38 8 149 21 217 602 500 691 U.S. Govt, securities 19,295,689 205,283 111,185 404,429 325,699 13,730,468 1,397,725 3,120,900 1/ After deducting $636,677,000 participations of other Federal Reserve Banks. 2/ After deducting $16,578,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis