H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) Dec. 14, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 13, member bank reserve balances Increased $4l6 inlllion. Additions to member bank reserves resulted from an increase of $422 million in Reserve Bank credit and decreases of $89 million in Treasury deposits with Federal Reserve Banks and $l6 million in nonmember deposits and other Federal Reserve accounts, offset in part by an increase of $6l million in money in circulation and a decrease of $50 million in gold stock. Excess reserves of member banks on December 13 were estimated,to be approximately $1,150 million. Holdings of loans, discounts and advances decreased $4l million, while holdings of United States Government securities increased $290 million, the latter change reflecting increases of $724 million in certificates and $249 million in bonds, and decreases of $437 million in notes and $246 million in bills. Changes in member bank reserve balance# and related items during the week and the year ended December 13, 1950, were as follows: Increase or decrease since Dec. 13, Dec. 6, Dec . 14 1950 1950 1949 (In millions of dollars) U. S. Government securities 20,529 +290 +2 ,360 Loans, discounts and advances 71 - 41 - 38 Other Reserve Bank credit 744 +173 + 291 Total Reserve Bank credit 21,344 +422 +2 ,613 Gold stock 22,926 - 50 -1 ,550 Treasury currency outstanding 4,628 + 32 Member bank reserve balances 17,465 +4l6 +1 ,032 Money in circulation 27,759 + 61 + 58 Treasury cash holdings 1,294 » 20 Treasury deposits with F. R. Banks 451 - 89 + 58 Boimember deposits and other F. R. accounts 1,929 -16 34 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

%TATEI&NT OF CONDITION OF THE TWELt| FEDERAL RESERVE BANKS COMBINED H.4.1(a) (fa thousands of dollars) Increase or decrease since Dec, 13, Dec, 6, Dec. 14, 1950 1950 1949 A S S E TS Gold certificates 21,122 >05 - 60,995 -1,550,027 Redemption fund for F. R. notes 558,897 + 8,126 + 5,103 Total gold certificate reserves 21,601,302 - 52,869 -1,544,924 Other cash 228,836 - 2,962 + 10,357 Discounts and advances 69,037 - 40,859 - 38,151 Industrial loans 2,315 21 + 360 U. S. Govt, securities: Bills 851,471 -246,175 -3,523,326 Certificates 2,334,195 +724,045 -3,649,705 Notes 12,523,518 -436,500 +12,225,418 Bonds 4,819,653 +248,778 -2,692,647 Total U. S. Government securities ! * 20,528,837 +290,148 +2,359,740 Total loans and securities 20,600,189 +249,268 +2,321,949 Due from foreign banks 24 15 F. R. notes of other banks 133,051 - 1,165 + 516 Uncollected items 3,535,883 +516,584 + 277,865 Bank premises 37,751 + 89 + 4,378 Other assets 154,901 + 13,849 1,812 TOTAL ASSETS 46,371,937 +722,794 +1,068,314 L I A B I L I T I ES Federal Reserve notes ' 23,542,564 + 54,567 + 22,541 Deposits: Member bank-reserve account 17,464,677 +415,976 +1,032,021 U. S. Treasurer-general account 451,215 - 89,048 + 58,129 Foreign 919,366 - 8,139 + 153,425 Other 294,078 + 1,84o - 212,530 Total deposits 19,129,336 +320,629 +1,031,045 Deferred availability items 2,791,849 +343,678 - 13,222 Other liabilities including accrued dividends 12,205 + 573 2,675 TOTAL LIABILITIES 45,475,954 +719,447 +1,037,689 C A P I T AL A C C O U N TS Capital paid in — —— 222,308 273 •f 13,855 Surplus (Section 7) 488,173 + 21,462 Stirplus (Section 13b) 27,543 Other capital accounts 157,959 + 3,0# 4,692 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 4b,371,937 +722,794 +1,068,314 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 50.8% 5.< Contingent liability on acceptances purchased for foreign correspondents 22,378 91 + 11,779 Commitments to make industrial loans 4,269 809 + 1,986 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 13, I95O (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 21,122 >05 730,697 7,037,311 1130,781 1444,032 979,618 872,827 4075,445 588,015 374,440 745,379 558888,,550099 22555555,,335511 Redemption fund for F. R. notes 558,897 54,149 36,559 50,893 67,513 53,315 39,698 95,519 40,784 21,496 35,084 25,521 38,366 Total gold certificate reserves 21,681,302 784,846 7,073,870 1181,674 1511,545 1032,933 912,525 4170,964 628,799 395,936 780,463 614,030 2593,717 Other cash 228,836 25,854 42,549 12,995 15,388 13,881 17,158 31,172 12,567 5,880 9,115 10,955 31,322 Discounts and advances 69,037 2,685 24,970 5,895 3,472 2,840 5,525 8,035 11,300 600 3,715 — -* — *"• Industrial loans 2,315 — 27 1,984 1 110 7 186 —— — — w — U. S. Govt, securities: Bills 851,471 58,700 200,343 56,624 78,928 55,010 45,608 129,124 45,096 26,344 39,511 38,652 77,531 Certificates 2,334,195 160,919 544,082 155,228 216,370 150,804 125,028 353,976 128,757 72,218 108,313 105,961 212,539 Notes 12,523,518 863,371 2,919,132 832,827 1160,880 809,094 670,810 1899,166 690,810 387,465 581,129 568,505 ll4o,329 Bonds 4,819,653 332,268 1,123,423 320,509 446,763 311,378 258,161 730,891 265,856 149,115 223,647 218,788 438,854 Total UvS-.Government Securities i 20,528,837 1415,258 4,786,980 1365,188 1902,941 1326,286 1099,607 3113,157 1130,519 635,142 952,600 931,906 1869,253 Total loans and ^securities 20,600,189 1417,943 4,811,977 1373,067 1906,4l4 1329,236 1105,139 3121,192 1141,819 635,928 956,315 931,906 1869,253 Due from foreign banks 24 2 1/ 7 2 2 1 1 3 1 1 1 1 2 F.R„ notes of other banks 133,051 5,300 20,473 5,595 7,409 23,373 14,446 15,652 7,844 3,505 6,270 7,230 15,954 Uncollected items 3,535,883 297,926 617,375 210,422 346,712 307,486 235,821 599,457 166,153 112,818 189,859 159,996 291,858 Bank premises 37,751 1,078 7,675 2,926 4,791 2,883 1,723 4,438 2,003 1,117 2,639 680 5,798 Other assets 154,901 10,441 35,494 10,015 14,380 9,842 8,119 23,921 9,772 4,669 7,409 6,865 13,974 TOTAL ASSETS 46,371,937 2543,390 12,609,420 2796,696 3806,64i 2719,635 2294,932 7966,799 1968,958 1159,854 1952,071 1731,663 4821,878 1/ 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 DECEMBER 13, 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 ,542,564 11+32,600 5,295,148 1669,484 2119,271 1627,764 1270,01+1 4527,043 1093,280 607,655 916,080 641,805 2342,393 Deposits: Member bank-reserve acct. 17,14.6/4.,677 704,766 5,956,322 789,841 1238,214 695,168 714,715 2703,542 632,346 385,327 776,244 842,956 2025,236 U.S. Treasurer -general acct. 451,215 35,553 70,130 34,638 45,726 36,044 29,657 51,103 28,265 30,318 28,309 28,552 32,920 Foreign 919,366 57,362 1/294,748 72,840 82,856 45,525 38,241 125,649 32,778 22,763 33,689 31,868 81,047 Other 294,078 5,476 232,639 1,295 5,386 3,746 934 1,783 6,66l 1.122 1,120 624 33,292 Total deposits 19,129,336 803,157 6,553,839 898,614 1372,182 780,483 783,547 2882,077 700,050 439,530 839,362 904,000 2172,495 Deferred availability items 2,791,849 249,866 493,021 158,157 232,009 263,363 201,026 431,727 139,352 88,033 160,947 151,069 223,279 Other liabilities including accrued dividends 12,205 682 4,282 674 1,065 541 467 t»44 304 428 4L4 1,049 TOTAL LIABILITIES 45,475,954 2486,305 12,346,290 2726,929 3724,527 2672,151 2255,081 7842,672 1933,126 1135,522 1916,817 1697,318 4739,216 Capital paid in 222,308 12,218 73,142 15,654 20,482 9,781 8,855 28,573 7,332 4,972 8,161 9,518 25,620 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,on 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 157,959 11,078 34,520 11,419 14,669 10,575 9,040 22,096 8,861 5,793 7,911 7,647 14,350 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 46,371,937 2543,390 12,609,420 2796,696 3806,641 2719,635 2294,932 7966,799 1968,958 1159,854 1952,071 1731,663 4821,878 Contingent liability on acceptances purchased for foreign correspondents 22,378 1,410 2/7,026 1,790 2,037 1,119 940 3,088 806 559 828 783 1,992 Commitments to make industrial loans 4,269 609 458 54 242 500 500 1,906 F.R. notes outstanding 24 ,402,602 1479,496 5,482,263 1726,581 2199,376 1686,904 1346,550 4618,963 1137,738 618,900 945,113 680,848 2479,870 Collateral for F.R. notes held by F.R. Agents: Gold certificates 13 ,824,000 440,000 4,770,000 750,000 855,000 700,000 625,000 2730,000 350,000 210,000 280,000 214,000 1900,000 Eligible paper 50,565 2,685 23,830 5,895 — 2,540 — — 11,300 600 3,715 U.S. Govt, securities 11 ,250,000 1100,000 800,000 1000,000 1350,000 1000,000 750,000 1900,000 900,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within l6 to 31 to El 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 69,037 65,495 2,120 650 772 Industrial loans 2,315 33 123 19 l6l 89 708 544 638 U.S. Govt, securities 20,528,837 522,422 2,380,715 368,574 313,533 12,273,268 1,373,725 ,296,600 l/ After deducting $62^,60$,000 participations of other Federal Reserve Banks• 2/ After deducting $ 15*352,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ^ t ^ <• j* » V jK