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. 30, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 29 member bank reserve balances increased $177 million. Additions to member bank reserves resulted from increases of $339 million in Reserve Bank credit and $4 million in Treasury currency outstanding, and a decrease of $27 million in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $93 million in money in circulation, $23 million in Treasury deposits with Federal Reserve Banks, and $17 million in Treasury cash holdings, and a decrease of $60 million in gold stock. Excess reserves of member banks on November 29 were estimated to be approximatel y$720 million. Holdings of loans, discounts and advances decreased $7 million, while holdings of United States Government securities increased $273 million, the latter change reflecting increases of $296 million in certificates, $155 million in bills, and $78 million in bonds, and a decrease of $256 million in notes. Changes in member bank reserve balances and related items during the week and the year ended November 29, 1950, were as follows: Increase or decrease since Nov. 29, Nov. 22, Nov • 30. 1950 1950 1949 (In millions of dollars) U. S. Government securities 19,569 +273 +1 ,887 Loans, discounts and advances 242 - 7 81 Other Reserve Bank credit 690 + 73 + 429 Total Reserve Bank credit 20,501 +339 +2 ,234 Gold stock 23,037 - 60 -1,, 442 Treasury currency outstanding 4,626 + 4 + 30 Member bank reserve balances 16,799 +177 + 761 Money in circulation 27,543 + 93 Treasury cash holdings 1,298 + 17 - 19 Treasury deposits with F. R. Banks 564 + 23 + 47 Nonmember deposits and other F. R. accounts 1,960 - 27 + 33 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov. 29, Nov. 22, Nov. 30 1950 1950 1949 A S S E TS Gold certificates 21,261,434 - 71,996 1,415,997 Redemption fund for F. R. notes 536,094 + 2,000 - 18,391 Total gold certificate reserves 21,797,526 - 69,996 - 1,434,388 Other cash 237,679 - 4,767 + 245 Discounts and advances 239,693 - 7,357 • 81,891 Industrial loans 2,209 17 + 366 U. S. Govt, securities: Bills 1,130,146 +155,500 _ 2,869,782 Certificates 368,450 +296,500 - 5,502,450 Notes 13,724,618 -256,100 +13,426,518 Bonds 4,345,875 + 77,500 3,167,425 • Total U. S. Government securities 19,569,089 +273,400 + 1,886,861 Total loans and securities 19,810,991 +266,026 + 1,805,336 Due from foreign banks 24 11 • F. R. notes of other banks 132,923 - 1,357 + 13,732 Uncollected items 3,181,358 -257,012 + 683,874 Bank premises 37,673 40 + 4,607 Other assets 122,885 + 8,492 - 24,169 TOTAL ASSETS 45,321,061 - 58,654 + 1,049,226 L I A B I L I T I ES Federal Reserve notes 23,346,459 + 90,600 - 27,037 Deposits: Member bank-reserve account 16,798,696 +176,798 + 760,574 U. S. Treasurer-general account 564,205 + 23,467 + 47,369 Foreign 921,023 - 13,086 + 194,926 Other 296,675 - 10,818 - 215,134 Total deposits 18,580,599 +176,361 + 787,735 Deferred availability items 2,491,292 -330,369 + 255,210 Other liabilities including accrued dividends 12,240 + 1,371 383 TOTAL LIABILITIES 44,430,590 - 62,037 + 1,015,525 C A P I T AL A C C O U N TS Capital paid in 221,944 + 144 + 14,265 Surplus (Section 7) 488,173 — m* + 21,462 Surplus (Section 13b) 27,543 — «•» Other capital accounts 152,811 + 3,239 - 2,026 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,321,061 - 58,654 + 1,049,226 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 52.0% - .5# - 4.4% Contingent liability on acceptances purchased for foreign correspondents 24,110 60 + 15,777 Commitments to make industrial loans 3,401 + 64 + 1,583 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 29, 1950 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mple. Kans.Cy. Dallas SanFran. Gold certificates 21,261,434 791,506 6,669,602 1209,623 1454,511 1011,990 897,069 4233,785 621,223 339933,,115566 773377,,002200 643,028 2598,921 Redemption fund for F. R. notes 536,094 52,486 32,598 49,483 66,920 51,773 34,973 85,962 40,925 21,552 35,189 25,628 38,605 Total gold certificate reserves 21,797,528 843,992 6,702,200 1259,106 1521,431 1063,763 932,042 4319,747 662,148 414,708 772,209 668,656 2637,526 Other cash 237,679 25,164 44,516 9,693 14,583 14,775 19,544 30,326 14,718 6,472 10,077 10,717 37,094 Discounts and advances 239,693 6,080 92,175 4,915 14,122 18,140 15,609 12,985 26,925 15,072 30,170 100 3,400 Industrial loans 2,209 — — — 27 1,864 1 114 7 119966 U. S» Govt, securities: Bills 1,130,146 75,672 288,352 72,995 101,747 70,915 58,794 166,456 60,547 33,960 50,934 49,828 99,946 Certificates 368,450 25,056 89,717 24,169 33,691 23,481 19,469 55,116 20,048 11,245 16,865 16,499 33,094 Notes 13,724,618 946,175 3,199,099 912,701 1272,217 886,693 735,145 2081,311 757,064 424,626 636,863 623,029 1249,695 Bonds 4,345,875 299,605 1,012,989 289,005 402,845 280,769 232,782 659,043 239,723 134,457 201,662 197,281 395,714 Total U-.S.Government securities 19,569,089 1346,508 4,590,157 1298,870 1810,500 1261,858 1046,190 2961,926 1077,382 604,288 906,324 886,637 1778,449 Total loans and securities 19,810,991 1352,588 4,682,359 130$,649 1824,623 1280,112 106l,806 2974,911 1104,307 619,556 936,494 886,737 1781,849 Due from foreign banks 24 2 1/ 7 2 2 1 1 3 1 1 1 ± 2 F.R^notes of other banks 132,923 4,129 20^134 4,638 6,594 27,770 15,197 14,434 6,654 6,190 6,079 5,518 15,586 Uncollected items 3,181,358 249,539 600,969 206,398 319,788 242,18? 200,233 538,558 136,652 91,760 181,259 136,869 277,846 Bank premises 37,673 1,078 7,696 2,926 4,796 2,790 1,723 4,439 2,003 1,117 2,655 680 5,770 Other assets 122,885 8,4o8 27.761 7.8o4 11.560 7.910 6,437 18,748 8,112 3,712 5,879 5,4l4 ll,l4o TOTAL ASSETS 45,321,061 2484,900 12,084,942 2796,216 3703,377 2639,308 2236,983 7901,166 1934,595 1143,516 1914,653 1714,592 4766,813 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 29, 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 SanFran. Federal Reserve notes 23,346,459 1418,537. 5,250,77^ 1648,996 2093,118 1612,96S 1261,154 4496,3lS 1079,48-1 601,236 909,822 643,376-2330,68: Deposits: Member bank-reserve acct. 16,798,696 696,265 5,475,303 787,845 1199,150 677,483 688,692 2718,356 604,494 393,458 745,568 839,283 1972,79' U.S.Treasurer-general acct. 564,205 32,044 105,376 54,259 57,521 38,764 33,554 63,660 53,778 24,318 26,686 30,446 43,795 Foreign 921,023 57,588 1/293,937 73,128 83,183 45,705 38,392 126,146 32,908 22,853 33,822 31,994 81,361 Other 296,675 4,607 226,992 5,779 5,937 1,696 2,674 4,149 4,908 1,147 1,302 2,793 34,69] Total deposits 18,580,599 790,504 6,101,608 921,011 1345,791 763,648 763,312 2912,311 696,088 441,776 807,378 904,516 2132,65* Deferred availability items 2,491,292 218,350 466,848 156,139 181,559 214,962 172,454 367,568 123,028 75,993 161,987 132,208 220,19* Other liabilities including accrued dividends 12,240 815 3,747 641 1,342 592 488 1,809 433 337 484 392 1,16c TOTAL LIABILITIES 44,430,590 2428,206 11,822,977 2726,787 3621,810 2592,164 2197,408 7778,006 1899,030 1119,342 1879,671 1680,492 4684,691 Capital paid in 221,944 12,217 73,094 15,623 20,448 9,776 8,831 28,389 7,326 4,964 8,148 9,516 23,61; 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 42,55; 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,l4( Other capital accounts 152,811 10,688 33,403 11,112 14,156 10,240 8,788 21,313 8,600 5,643 7,652 7,4o4 13,812 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,321,061 2484,900 12,084,942 2796,216 3703,377 2639,308 2236,983 7901,166 1934,595 1143,516 1914,653 1714,592 4766,81; Contingent liability on acceptances purchased for foreign correspondents 24,110 1,513 2/7,633 1,921 2,186 1,201 1,009 3,314 865 600 889 84l 2,136 Commitments to make industrial loans 3,401 236 458 54 244 500 — 1,90S F.R. notes outstanding 24,121,632 1459,376 5,391,033 1702,927 2160,459 1662,010 1337,235 4587,057 1122,879 611,518 938,250 678,379 2470,50S Collateral for F.R. notes held by F.R. Agents: Gold certificates 13,964,000 440,000 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 188,477 6,080 85,175 4,915 - 17,140 - - 26,925 15,072 30,170 3,00C U.S. Govt, securities 10,900,000 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 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 239,693 235,124 2,912 1,285 372 Industrial loans 2,209 36 8 138 20 214 638 485 670 U.S. Govt, securities 19,569,089 200,475 168,044 712,470 480,807 13,474,368 1,397,725 3,135,200 l/ After deducting $627,073,000 participations of other Federal Reserve Banks. 2/ After deducting $16,477,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis # « • • • - . '• I •