H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OP GOVERNORS dp THE FEDERAL RESERVE SYSTEM H.4.1 (Po£ Immediate Release) Dec. 21, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 20, member bank reserve balances decreased $49 million. Reductions in member bank reserves resulted from increases of $234 million in Treasury deposits with Federal Reserve Banks, $170 million in money in circulation, and $39 million in nonmember deposits and other Federal Reserve accounts, and a decrease of $130 million in gold stock, offset in part by increases of $520 million in Reserve Bank credit and $2 million in Treasury currency outstanding, and a decrease of $3 million in Treasury cash holdings. Excess reserves of member banks on December 20 were estimated to be approximately $930 million. Holdings of loans, discounts and advances decreased $15 million and of United States Government securities $302 million, the latter change reflecting decreases of $287 million in bonds and $106 million in bills, and an increase of $91 million in notes. Changes in member bank reserve balances and related items during the week and the year ended December 20, 1950, were as follows: Increase or decrease since Dec. 20, Dec. 13, Dec. 21 1950 1950 1949 (In millions of dollars) U. S. Government securities 20,227 -302 +1,689 Loans, discounts and advances 56 - 15 - 74 Other Reserve Bank credit 1,581 +837 + 741 Total Reserve Bank credit 21,864 +520 +2,356 Gold stock 22,796 -130 -1,631 Treasury currency outstanding 4,630 + 2 + 35 Member bank reserve balances 17,416 - 49 +1,079 Money in circulation 27,929 +170 + 96 Treasury cash holdings 1,291 - 3 - 18 Treasury deposits with F. R. Banks 685 +234 - 342 Nonmember deposits and other F. R. 1,968 + 39 - 55 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION H,4,l(a) OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Dec..20, Dec,13, Dec. 21 1950 1950 1949 A S S E TS Gold certificates 20,982,1+03 1^0,002 1,640,027 Redemption fund for F. R, notes 568,898 + 10,001 4- 15,105 Total gold certificate reserves 21,551,301 - 130,001 - 1,624,922 Other cash 220,771 - 8,065 •f 11,238 Discounts and advances 51,032 - 15,005 - 73,722 Industrial loans 2,399 + 8h + 410 U. S. Govt, securities: Bills 745,571 - 105,900 * 3,843,576 Certificates 2,3^4,195 — m 3,815,755 Notes 12,613,996 + 90,478 +12,051,796 Bonds 4,532,87 5 - 286,778 - 2,704,125 Total U. S. Government securities —— 20,226,637 - 302,200 + 1,688*340 Total loans and securities 20,283,068 w 317,121 + 1,615,028 Due from foreign banks 24 - 15 F. R. notes of other banks 139,914 + 6,863 + 12,970 Uncollected items 4,503,601 + 967,718 + 1,230,598 Bank premises 38,019 4- 268 + 4,628 Other assets 115,058 - 39,843 + 19,450 TOTAL ASSETS 46,851,756 + 479,819 + 1,268,975 L I A B I L I T I ES Federal Reserve notes 23,706,590 + 164,026 + 73,525 Deposits: Member bank-reserve account 17,415,924 - 48,753 + 1,078,596 U. S. Treasurer-general account 685,435 + 234,220 - 342,030 Foreign 900,201 - 19,165 , + 157 , 685 Other 307,626 + 13,548 216,742 Total deposits 19,309,186 + 179,850 + 677,509 Deferred availability items 2,923,082 + 131,233 + 489,973 Other liabilities including accrued dividends 11,469 * 736 3,738 TOTAL LIABILITIES 45,950,327 > 474,373 + 1,237,269 C A P I T AL A C C O U N TS Capital paid in — 224,799 + 2,491 + 15,994 Surplus (Section 7) 488,173 + 21,462 Surplus (Section 13b) 27,543 — -*• «»•••» Other capital, accounts 160,914 + 2,955 - 5,750 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 46,851,756 + 479,819 + 1,268,975 Ratio of gold certificate reserves to deposit and F, R. note liabilities combined Contingent liability on acceptances purchased 50.1# * *7% - 4.7# for foreign correspondents 22,035 m 343 + 11,474 Commitments to make industrial loane 4,190 79 + 1,902 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 20, 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 20,982,403 788,757 6,725,120 1136,480 1490,896 958,157 899,552 4021,891 605,027 385,254 758,432 615,466 22559977,,337711 Redemption fund for F. R. notes 568,898 54,150 41,559 50,893 67,513 53,315 39,698 100,519 40,784 21,496 35,084 25,521 38,366 Total gold certificate reserves 21,551,301 842,907 6,766,679 1187,373 1558,409 1011,472 939,250 4122,410 645,811 406,750 793,516 ,640,987 2635,737 Other cash 220,771 23,445 38,967 15,005 20,696 14,273 13,629 27,329 11,974 5,006 9,616 11,175 29,656 Discounts and advances 54,032 2,825 9,785 6,995 11,522 1,200 475 5,600 9,415 4,450 1,565 200 Industrial loans 2,399 27 2,056 1 122 7 mm mm mm 186 mm mm mm mmwmmm Uu S. Govt, securities Bills 745,571 51,398 173,787 49,581 69,111 48,168 39,937 113,064 41,128 23,067 34,596 33,845 67,889 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 12,613,996 869,609 2,940,222 838,843 1169,267 8l4,94o 675,656 1912,887 695,801 390,265 585,327 572,612 1148,567 - Bonds 4,532,875 312,497 1,056,576 301,439 420,180 292,850 242,800 687,402 250,037 140,242 210,340 205,770 412,742 Total U. S. Government securities 20,226,637 1394,423 4,714,667 1345,091 1874,928 1306,762 1083,421 3067,329 1115,723 625,792 938,576 918,188 1841,737 Total loans and securities 20,283,068 : 1397,248 4,724,479 1354,142 1886,451 1308,084 1083,903 ; 3072,929 : 1125,138 630,428 940,141 918,188 1841,937 Due from foreign banks 24 2 1/ 7 2 2 l 1 3 1 1 l 1 2 F.R.notes of other banks 139,914 5,061 21,032 6,735 8,085 22,541 12,460 18,839 7,760 3,565 7,953 7,197 18,686 Uncollected items 4,503,601 373,675 862,481 277,966 460,598 374,010 270,019 791,230 189,010 119,912 245,348 210,942 328,410 Bank premises 38,019 1,078 7,675 2,926 4,783 2,871 1,723 4,642 2,003 1,117 2,639 687 5,875 Other assets 115,058 7,707 25,960 7,371 10,911 7,236 5,911 17,970 7,579 3,385 5,582 5,082 10,364 TOTAL ASSETS 46,851,756 2651,123 12,447,280 2851,520 3949,935 2740,488 2326,896 8055,352 1989,276 1170,164 2004,796 1794,259 4870,667 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.U.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 20, 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 23,706,590 1442,382 5,343,595 1683,092 2131,880 1639,713 1286,938 4557,534 1103,620 611,806 920,995 644,959 2340,076 Deposits: Member "bank-reserve acct. 17,415,924 792,339 5,614,607 805,679 1297,141 704,472 717,947 2678,799 640,826 386,938 809,027 894,393 2073,756 U.S.Treasurer-general acct. 685,435 49,713 151,154 53,683 54,400 32,993 4l,3l8 119,090 42,434 37,534 28,018 36,694 38,404 Foreign 900,201 56,039 1/289,990 71,160 80,944 44,475 37,359 122,751 32,022 22,238 32,912 31,133 79,178 Other 307,626 6,577 241,684 2,460 5,914 2,713 745 3,084 5,693 1,232 339 580 36,605 Total deposits 19, 309,186 904,668 6,297,435 932,982 1438,399 784,653 797,369 2923,724 720,975 447,942 870,296 962,800 2227,943 Deferred availability items 2, 923,082 246,160 538,456 164,829 294,531 267,963 202,069 447,511 128,255 85,703 177,670 151,480 218,455 Other liabilities including accrued dividends 11,469 715 3,715 613 1,196 439 446 1,887 381 288 349 483 957 TOTAL LIABILITIES 45,950,327 2593,925 12,183,201 2781,516 3866,006 2692,768 2286,822 7930,656 1953,231 1145,739 1969,310 1759,722 4787,431 Capital paid in 224,799 12,224 73,444 15,675 21,995 9,809 8,913 28,656 7,376 4,973 8,263 9,566 23,905 Surplus (Section 7) 488,173 30,778 148,149 38,205 45,957 23,779 21,194 72,029 19,118 12,494 18,04$ 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 2,140 Other capital accounts 160,914 11,185 35,167 11,635 14,971 10,783 9,205 22,582 9,030 5,-885 8,041 7,791 14,639 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 46,851,756 2651,123 12,447,280 2851,520 3949,935 2740,488 2326,896 8055,352 1989,276 1170,164 2004,796 1794,259 4870,667 Contingent liability on acceptances purchased for foreign correspondents 22,035 1,388 2/ 6,919 1,763 2,005 1,102 926 3,041 793 551 815 771 1,961 Commitments to make industrial loans 4,190 -- -- y _)W y-r -- y v/v 530 458 54 242 500 -—- V 5 w0 0- --t--, 1,906 F.R. notes outstanding 24,540,757 1493,532 5,512,232 1736,051 2206,003 1696,772 1360,755 4652,315 1146,773 621,901 951,419 684,108 2478,896 Collateral for F.R. notes held by F.R. Agents: Gold certificates 13,804,000 440,000 4,770,000 750,000 865,000 700,000 625,000 2700,000 350,000 210,000 280,000 214,000 1900,000 Eligible paper 34,585 2,825 8,135 6,995 1,000 — 9,4l5 4,450 1,565 — 200 U.S. Govt, securities 11,365,000 1100,000 700,000 500,000 800,000 2 to 5 Over years 5 years Discounts and advances Industrial loans U.S. Govt, securities 8 0 0 0 0 H O 8 000 1350,000 1015,000 750,000 2000,000 900,000 450,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 6l to 91 days to 6 months 1 to 2 Total 15 days 30 days 60 days 90 days 6 months to 1 year years 54,032 51,845 1,265 750 172 — — — — —— 2,399 77 56 19 160 102 788 560 637 20,226,637 2,419,146 91,713 358,699 210,208 11,958,168 1,786,503 3,402,200 -l/ After deducting $610,197,000 participations of other Federal Reserve Banks. 2/ After deducting $15,116,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1 '