H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U.I (For Immediate Release) Dec. 7, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 6, member ban kreserve balances increased $250 million. Additions to member ban kreserves resulted from increases of $421 million in Reserve Bank credit and $2 million in Treasury currency outstanding and decreases of $24 million in Treasury deposits with Federal Reserve Banks, $15 million in nonmember deposits and other Federal Reserve accounts, and $4 million in Treasury cash holdings, offset in part b yan increase of $155 million in money in circulation and a decrease of $6l million in gold stock. Excess reserves of $960 member banks on December 6 were estimated to be approximately million. Holdings of loans, discounts an dadvances decreased $130 million, while $670 holdings of United States Government securities increased million, the latter change reflecting increases of $1,242 million in certificates and $225 million in $765 bonds, and decreases of million in notes and $32 million in bills. Changes in member bank reserve balances and related items during the week and the year ended December 6, 1950, were as follows: Increase or decrease since Dec. 6, Hov. 29, Dec. 7, 1950 1950 1949 (In millions of dollars) U. S. Government securities 20,239 4670 +2,308 Loans, discounts and advances 112 -130 - 297 Other Reserve Bank credit 571 -119 + 284 Total Reserve Bank credit 20,922 +421 +2,294 Gold stock 22,976 - 6l -1,501 Treasury currency outstanding 4,628 + 2 + 32 Member bank reserve balances 17,049 +250 + 758 Money in circulation 27,698 +155 - 1 Treasury cash holdings 1,294 - 4 15 Treasury deposits with F. R. Banks 540 - 24 + 99 Nonmember deposits and other F. R. 1,945 - 15 - 16 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H. 4. 1(a) OF THE TWELVE FEDERA LRESERVE BANKS COMBINED (In thousands of dollars) i Increase or decrease since Dec. 6, Nov. 29, Dec. 7, 1950 1950 1949 A S S E TS Gold certificates 21,183,400 - 78,034 - 1,491,031 Redemption fund for F. R. notes 550,771 + 14,677 - Total gold certificate reserves 21,734,171 - 63,357 - 1,494,060 5,881 Other cash 231,798 + 7,930 ~ Discounts and advances 109,896 - 129,797 - 297,317 Industrial loans 2,336 + 127 + 428 U. S. Govt, securities: Bills 1,097,646 32,500 33,,006677,,990011 - - Certificates 1,610,150 +1,241,700 4,345,250 - Notes 12,960,018 764,600 +12,661,918 - Bonds 4,570,875 + 225,000 - 2,941,425 Total U. S. Government 669,600 securities 20;2,38,689 + + 2,307,342 Total loans and securities 20,350,921 + 539,930 + 2,010,453 Due from foreign banks 24 11 — - F. R. notes of other banks 134,216 + 1,293 + 20,371 Uncollected items 3,019,299 162,059 + 580,496 - Bank premises 37,662 11 + 4,400 - 18,167 Other assets 141,052 + - 10,232 328,082 TOTAL ASSETS 45,649,143 + + 1,119,347 L I A B I L I T I ES Federal Reserve notes 23,487,997 + 141,538 12,810 - Deposits: Member bank-reserve account 17,048,701 + 250,005 + 775577,,669933 U. S. Treasurer-general account 540,263 - 23,942 + 99,573 Foreign 927,505 + 6,482 + 163,376 Other 292,238 4,437 214,788 - - Total deposits 18,808,707 + 228,108 + 805,854 Deferred availability items 2,448,171 43,121 + 296,653 - Other liabilities including accrued 608 dividends 11,632 2,023 - - TOTAL LIABILITIES 44,756,507 + 325,917 + 1,087,674 C A P I T AL A C C O U N TS Capital paid in 222,035 + 91 + 14,008 Surplus (Section 7) 488,173 -- + 21,462 Surplus (Section ijb) 27,543 " Other capital accounts 154,885 + 2,074 3,797 - TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,649,143 + 328,082 + 1,119,347 Ratio of gold certificat ereserves to deposit and F. R. not eliabilities combined 51.4% .6% 44..66$$ - - Contingent liability on acceptances purchased for foreign correspondents 2222,,446699 ll,,6644ll + 1122,,775566 - 1,162 Commitments to make industria lloans 3,460 + 59 + 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 DECEMBER 6, 1950 (in thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louie• Mipls. Kans.Cy. Dallas SanFran. Gold certificates 21,183,400 768,178 6,712,078 1173,870 1515,871 988,572 897,222 4197,628 612,455 395,104 755,711 625,512 2541,199 Redemption fund for F. R. notes 550,771 52,303 37,022 49,182 67,697 52,523 39,828 90,704 40,856 21,517 35,122 25,560 38,457 Total goLd certificate reserves 21,734,171 820,481 6,749,100 1223,052 1583,568 1041,095 937,050 4288,332 653,311 416,621 790,833 651,072 2579,656 Other cash 231,798 25,413 44,895 11,674 20,528 14,552 16,093 30,139 12,698 5,087 8,875 10,875 30,969 Discounts %nd advances 109,896 1,530 22,704 6,678 17,622 4,625 9,977 14,935 14,280 3,950 11,095 2,500 Industrial loans 2,336 27 1,997 1 110 7 194 U. S. Govt, securities: Bills 1,097,646 75,672 255,852 72,995 101,747 70.915 58,794 166,456 60,547 33,960 50,934 49,828 99,946 Certificates 1,610,150 111,003 375,313 107,076 149,255 104,025 86,247 244,176 88,817 49,817 74,716 73,092 146,613 Notes 12,960,018 893,464 3,020,876 861,854 1201,342 837,295 694,190 1965,361 714,888 400,970 601,384 588,320 1180,074 Bonds 4,570,875 315,116 1,065,435 303,968 423,702 295,306 244,834 693,164 252,134 l4i,4l8 212,102 207,495 416,201 Total U.&. Government securities 20,238,689 1395,255 4,7!?,&76 1345,893 1876,046 1307,541 1084,065 3069,157 1116,386 626,165 939,136 918,735 1842,834 Total loans and securities 20,350,921 1396,785 4,740,207 1354,568 1893,669 1312,276 1094,049 3084,092 1130,666 630,309 950,231 918,735 1845,334 Due from foreign banks 24 2 l/ 7 2 2 1 1 3 1 1 1 1 2 4,356 6,037 6,869 F.R.notes of other banks 134,216 22^421 4,874 5,413 28,100 14,625 14,283 4,990 6,317 15,931 526,977 297,280 271,292 Uncollected items 3,019,299 224,186 190,359 191,322 524,258 135,877 91,356 188,358 133,156 244,878 1,078 7,675 680 Bank premises 37,662 2,926 4,794 2,791 1,723 4,438 2,003 1,117 2,639 5,798 8,898 6,260 Other assets l4i,052 9,486 31,933 9,092 13,434 7,371 21,703 9,082 4,288 6,730 12,775 TOTAL ASSETS 45,649,143 2481,787 12,123,215 2796,547 3818,688 2679,005 2262,234 7967,248 1949,675 1153,769 1954,536 1727,096 4735,343 1/ After deducting $17,000 participations of other Federa lReserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Loui x s : » f

STATEMENT OF CONDITION OF THE FEDERA LRESERVE BANKS ON DECEMBER 6,"1950 (in thousands of dollars) 5.4.1(c) 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, 487,997 1424,413 5,272,445 1665,054 2114,304 1623,558 1270,894 4519,077 1090,149 607,775 915,766 643,987 2340,575 Deposits: Member bank-reserve acct. 17,0 48,701 701,190 5,548,004 778,548 1241,511 701,079 715,629 2729,801 612,751 389,537 793,061 864,793 1972,797 72,122 52,603 U.S.Treasurer-general acct. 540,263 37,368 60,149 54,337 74,301 32,423 29,467 34,019 34,298 31,543 27,633 Foreign 927,505 56,423 1/313,111 71,648 81,500 44,780 37,615 123,593 32,242 22,390 33,137 31,346 79,720 Other 292,238 5,203 229,503 1,739 7,213 3,262 327 2,232 5,965 1,302 1,503 817 33,172 Total deposits 18, 808,707 800,184 6,150,767 906,272 1404,525 781,544 783,038 2927,748 703,561 447,248 861,999 928,499 2113,322 Deferred availability items 2,4 48,171 199,419 434,045 155,067 216,642 226,094 168,140 395,220 119,944 74,204 141,286 119,984 198,126 Other liabilities including accrued dividends 11,632 1,003 3,454 600 1,398 516 488 1,685 389 310 373 410 1,006 1692,880 TOTAL LIABILITIES 44,756,507 2425,019 11,860,711 2726,993 3736,869 2631,712 2222,560 7843,730 1914,043 1129,537 1919,424 4653,029 Capital paid in 222,035 12,217 73,117 15,635 20,471 9,776 8,831 28,400 7,327 4,970 8,156 9,516 23,619 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,l40 Other capital accounts 154,885 10,762 33,919 11,225 14,385 10,389 8,887 21,660 8,666 5,695 7,774 7,520 14,003 TOTAL LIABILITIES AND 12,123,215 2796,54? 3818,688 2679,005 7967,248 1727,096 CAPITAL ACCOUNTS 45,649,143 2481,787 2262,234 1949,675 1153,769 1954,536 4735,343 Contingent liability on acceptances purchased 809 562 831 786 2,000 for foreign correspondents 22,469 l,4l6 2/ 7,055 1,797 2,045 1,123 944 3,101 Commitments to make industrial loans 3,46 0 -- -- 297 458 54 -- 242 — -- 500 -- 1,909 F,R. notes outstanding 24,244,393 1465,072 5,424,521 1714,757 2184,771 1671,819 1344,210 4599,096 1130,077 617,065 940,993 675,671 2476,341 Collateral for F.R. notes held by F.R. Agents: 280,000 214,000 1900,00c Gold certificates 13,949,000 440,000 4,770,000 750,000 855,000 700,000 650,000 2830,000 350,000 210,000 Eligible paper 63,643 1,530 19,285 6,678 — 4,325 — — 14,280 3,950 11,095 — 2,50C U.S. Govt, securities 11,150,000 1100,000 800,000 1000,000 1350,000 1000,000 750,000 1800,000 900,000 450,000 700,000 5031,000 800,00c MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to —W 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 109,896 • 105,147 3,737 740 272 Industrial loans 2,336 40 130 20 167 90 746 487 656 U.S. Govt, securities 20,238,689 386,960 1714,916 393,460 440,160 12,709*768 1,373,725 3,219,700 l/ After deducting $6l4,382,000 participations of other Federa lReserve Banks 2/ After deducting $15,414,000 participations of other Federa lReserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis