H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) Deo. 28, 1950 CONDITION OF THE FEDERAL RESERVE BANKS 'luring the week ended December 27, member bank reserve balances decreased $2l|2 million. Reductions in member bank reserves resulted from a decrease of $lli4 million in Reserve Bank credit and increases of $101 million in Treasurydeposits with Federal Reserve Banks, $7 million in nonmember deposits and other Federal Reserve accounts, and $>4 million in Treasury cash holdings, offset in part by a decrease of $13 million in money in circulation. Excess reserves of member banks on December 27 were estimated to be approximately $790 million. Holdings of loans, discounts and advances increased $2i±7 million and of United States Government securities *110 million, the latter change reflecting increases of 0l2l|. million in bills and $56 million in bonds, and a decrease of 170 million in notes. Changes in member bank reserve balances and related items during the week and the year ended December 27, 1950, were as follows: Increase or decrease since Dec. 27, Dec. 20, Dec. 28, 1950 1950 1949 (In millions of dollars) U. S. Government securities 20,337 +110 +1,548 Loans, discounts and advances 303 +21+7 + 159 Other Reserve Bank credit 1,079 -502 + 633 Total Reserve Bank credit 21,720 ~lll4 +2,341 Gold stock 22,795 - 1 -1,632 Treasury currency outstanding 4,631 + 1 + 33 Member bank reserve balances 17,174 -21,2 + 875 Money in circulation 27,916 - 13 + 151 Treasury cash holdings 1,295 + 4 - 19 Treasury deposits with F. R. Banks 78 6 +101 - 201 Nonmember deposits and other F. R. accounts 1,975 + 7 - 64 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Dec. 27, Dec. 20, Dec. 28, 1950 1950 1949 A S S E TS Gold certificates 20,972,106 - 9,997 - 1,650,023 Redemption fund for F. R. notes 575,528 + 6,630 4- 21,736 Total gold certificate reserves 2l.5U7.934 3,307 - 1,628,287 Other cash 226,600 + 5,829 4- 6,893 Discounts and advances 300,837 + 246,805 •f 159,157 Industrial loans 2,397 - 2 4- J4O8 U. S. Govt» securities: Bills 869,886 + 124,315 - 3,867,861 Certificates 2,33^,195 ~ 3,923,255 Notes 12,5^1,076 - 69,920 +11,981,876 Bonds h,589,275 + 56,400 - 2,642,025 Total U. S. Government securities 20,337,^32 + 110,795 4- 1,^8,735 Total loans and securities 20,640,666 + 357,598 4* 1,708,300 Due from foreign banks 2k - 15 F. R. notes of other banks 147,836 + 7,922 4* 9,071 Uncollected items 3,730,222 - 773,379 4* 940,193 Bank premises 39,922 + 1,903 4- 5,860 Other assets 118,012 + 2,954 4- 17,183 TOTAL ASSETS 1+6,451,216 w 4oc,54o 4* 1,059,498 L I A B I L I T I ES Federal Reserve notes 23,707,119 + 559 4- 117,678 Deposits: Member bank-reserve account 17,173,805 242,119 4- 887755,,006644 U. S. Treasurer-general account 786,073 + 100,638 - 200,677 Foreign 920,546 + 20,3^5 4- 157,273 Other 294,665 - 12,961 ~ 222,770 Total deposits 19,175,089 134,097 4- 608,890 Deferred availability items 2,651,162 - 271,920 4- 307,555 Other liabilities including accrued dividends 12,703 4- 1,234 - 44,,001199 TOTAL LIABILITIES 45,R! 6,103 - 404,224 4- 1,030,10% C A P I T AL A C C O U N TS Capital paid in 224,987 4- 188 4- 14,392 Surplus (Section 7) 488,173 4- 21,462 Surplus (Section 13b) 27,543 —' Other capital accounts l64,4l0 + 3,496 - 6,46o TOTAL LIABILITIES AND CAPITAL ACCOUNTS 46,451,216 - 400,540 4-1,059,498 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 50.2% 4- .1% 44..88## Contingent liability on acceptances purchased for foreign correspondents 21,647 388 4* 11,180 • Commitments to make industrial loans 3,690 - 500 4- 1,351 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 27, 1950 H.4.1(b) (in thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Gold certificates Redemption fund for F, R. notes Total gold certificate reserves -Other cash Discounts and advances Industrial loans IL S. Govt, securities: Bills Certificates Notes CO I 20,972,406 801,6)3 6,421,962 1156,757 1559,090 948,869 911,407 4268,675 600,1+92 378,716 765,645 592,791 2 5 6 6 , 5 69 575,528 53,980 50,911 50,563 67,288 51,788 59,541 100,519 40,725 21.467 55,0)4 25,521 3 8 , 1 91 21,547,9)4 855,613 6,1+72,873 1207,320 1626,378 1000,657 950,948 4569,194 61+1,217 400.185 800,679 618,512 2604,560 2 2 6 , 6 00 22,598 41,629 17,890 17,691 16,271 16,405 51,127 11,774 4,789 9,295 9,681 27,452 300,837 3,425 153,530 8,790 2 1 , 2 96 14,375 12,575 17,606 25,000 1,150 5,590 5 7 , 7 00 2,397 27 2,053 1 123 7 186 8 6 9 , 8 86 58,109 223,1+70 5 6 , 0 53 78,132 54,456 4 5 , 1 48 127,822 46,494 2 6 , 0 78 39,112 58,265 76,749 2,334,195 160,919 544,082 155,228 216,370 150,801+ 125,028 553,976 128,757 72,218 108,315 105,961 212,539 12,544,076 861+,306 2,929,292 833,728 1162,137 809,970 6 7 1 , 5 56 1901,222 691,558 587,885 581,758 569,121 lU+1,565 4,589,275 316,385 1,069,724 305,189 425,408 296,495 245,821 695,955 255,149 141,987 212,957 208,529 417,878 Total -g. S. Government securities 20,3)7,4)2 1399,719 1350,198 1882,01+7 1311,723 1087,533 3078,975 1119,958 628,168 942,140 1843,729 4 , 7 6 6 , 5 68 9 2 1 , 6 74 Total loans and * securities 20,61+0,666 1403,144 4,920,125 136l,o4l 1903,344 1326,221 1099,915 3096,581 1144,958 947,730 1886,1+29 6 2 9 , 5 04 9 2 1 , 6 74 Due from foreign banks 24 2 1/ 7 2 2 1 1 3 1 11 1 2 F.R.notes of other banks 147,8)6 4,947 241443 8,224 9,214 25,756 15,026 17,820 6,2)6 6,817 17,407 8,091 3 , 8 55 Uncollected items 3,730,222 302,373 735,362 213,680 367,046 313,346 2)0,824 171,284 107,546 197,700 166,1*1*2 6 2 6 , 3 6) 2 9 8 , 4 56 Bank premises 39,922 1,073 7,675 2,920 4,794 2,871 1,720 1,117 688 5 , 0 63 3,1+93 2,639 5 , 8 69 Other assets 118,012 8,192 27,198 11,390 7,769 17,926 3,580 10,814 7 , 6 59 6 , 1 63 6,318 5 , 6 83 5 , 3 20 TOTAL ASSETS 1+6,1+51,216 2597,942 12,229,312 2818,736 39)9,859 2692,892 2)21,002 8l61+,077 1987,136 1150,375 196^961 1728,9)5 4 8 5 0 , 9 89 l/ After deducting $17,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 2?, 1950 H.4.l(c) (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. 5,340,436 1683,294 2129,334 1635,812 1284,747 4563,243 1101,620 612,302 922,435 648,402 2339,783 Federal Reserve notes 23,707,149 1445,741 Deposits: Member bank-reserve acct. 17,173,80$ 715,216 5,522,723 786,711 1271,299 694,967 704,646 2802,879 633,534 382,140 785,499 832,973 2041,218 U.S.Treasurer-general acct. 786,073 88,930 101,493 38,795 137,433 40,043 48,033 149,827 39,896 30,391 37,911 28,410 44,911 Foreign 920,546 57,733 1/291,883 73,312 83,393 45,820 38,489 126,463 32,990 22,910 33,907 32,074 81,572 Other 294,665 5,985 227,262 2,220 8,620 1,347 447 2,066 5,974 1,157 268 479 38,840 Total deposits 19,175,089 867,864 6,143,361 901,038 1500,745 782,177 791,615 3081,235 712,394 436,598 857,585 893,936 2206,541 Deferred availability items 2,651,162 225,914 476,491 163,476 224,167 226,399 203,830 392,584 136,475 76,594 153,846 151,323 220,063 Other liabilities including accrued dividends 12,703 937 4,168 689 1,343 519 508 1,755 471 338 4ll 539 1,025 TOTAL LIABILITIES 45,546,103 2540,456 11,964,456 2748,497 3855,589 2644,907 2280,700 8038,817 1950,960 1125,832 1934,277 1694,200 4767,412 Capital paid in 224,987 12,223 73,390 15,675 22,001 9,838 8,954 28,697 7,397 4,984 8,291 9,601 23,936 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 1,307 2,i4o Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 Other capital accounts 164,410 11,474 35,998 11,870 15,306 11,019 9,392 23,105 9,140 5,992 8,211 7,954 14,949 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 46,451,216 2597,942 12,229,312 2818,736 3939,859 2692,892 2321,002 8164,077 1987,136 1150,375 1969,961 1728,935 4850,989 Contingent liability on acceptances purchased for foreign correspondents 21,647 1,364 2/ 6,797 1,732 1,970 1,082 909 2,987 779 541 801 758 1,927 Commitments to make industrial loans 3,690 529 458 54 242 500 500 1,407 F.R. notes outstanding 24,562,518 1499,573 5,500,272 1729,748 2210,124 1699,476 1368,845 4666,375 1143,100 623,873 950,754 685,571 2484,807 Collateral for F. R. notes held by F.R. Agents: Gold certificates 13,604,000 440,000 4,570,000 750,000 865,000 700,000 625,000 2700,000 350,000 210,000 280,000 214,000 1900,000 Eligible paper 241,160 3,425 145,630 8,790 -- 13,875 -- -- 25,000 1,150 5,590 37,700 U.S. Govt, securities 11,565,000 1100,000 1,000,000 1000,000 1350,000 1015,000 750,000 2000,000 900,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 5T 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 300,837 297,951 1,726 909 131 99 21 Industrial loans 2,397 120 8 18 125 io4 798 558 666 U.S. Govt, securities 20,337,432 2,459,474 123,900 508,807 118,900 11,881,248 1,786,503 3,458,600 l/ After deducting $628,650,000 participations of other Federal Reserve Banks. 2/ After deducting $14,850,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis