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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H. 4.1 (For Immediate Release) April 20, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 19 member bank reserve balances decreased $210 million. Reductions in member bank reserves resulted from a decrease of $140 million in Reserve Bank credit and increases of $86 million in nonmember deposits and other Federal Reserve accounts, $60 million in Treasury deposits with Federal Reserve Banks, and $6 million in Treasury cash, offset in part by a decrease of $80 million in money in circulation. Excess reserves of member banks on April 19 were estimated to be approximately $$6o million. Holdings of loans, discounts and advances decreased $23 million and of United States Government securities $187 million, the latter change reflecting decreases of $107 million in bonds, $52 million in certificates and $28 million in bills. Changes in member bank reserve balances and related items during the week and the year ended April 19, 1950 were as follows: Increase or decrease since April 19, 1950 April 12, 1950 April 20 1949 (In millions of dollars) -187 -3,878 - 315 + 71 17,928 24,247 4,600 -140 -4,122 77 + 11 15,786 26,992 1,319 647 2,032 -210 - 80 ' + 6 U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 17,410 139 379 Total Reserve Bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts - 23 + 70 — — - - + 60 + 86 -3,612 - 4l6 14 - 407 + 260 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since, A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Apr. 19, 1950 22,496,431 528,093 23,024,524 Apr. 12, 1950 - Apt. 20, . 1949 1,998 3,248 5,246 + - 31,999 80,206 48,207 Other cash 243,214 + 2,629 - 40,594 Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 136,681 2,517 - 22,890 70 + 316,514 1,800 3,987,375 5,749,250 1,454,000 6,219,800 - 28,000 - 51,500 -107,100 -1,015,004 -1,162,729 +1,069,400 -2,769,300 17,410,425 -186,600 -3,877,633 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 17,549,623 33 110,206 3,027,079 34,520 121,511 -209,560 + 2,801 +182,828 + 46 + 3,009 -4,192,347 16 5,725 + 88,834 + 2,362 44,107 44,110,710 - 23,493 -4,239,800 22,841,566 - 74,859 - 15,785,854 646,673 904,934 356,537 17,693,998 2,648,364 -210,618 + 59,624 + 8,932 + 75,380 - 66,662 +113,301 -3,611,712 - 407,053 + 305,251 - 137,896 -3,851,410 + 17,644 12,479 43,196,407 485 - 28,725 1,326 -4,292,301 + + + TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve account U. S. Treasurer-general account Foreign Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Commitments to make industrial loans 215,081 488,173 27,543 183,506 44,110,710 56.8# -»— — — -»— 10,802 21,462 mm mm at — — — + 5,175 - 23,493 + 20,237 -4,239,800 + .2$ + 5.3# 402 27 + + 1,069 1,374 6,586 1,348 57 457,209 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 19, 1950 (In thousands of dollars) A S S E T S Total Gold certificates Redemption fund for F. R. notes 22,496,431 Boston New York Cleve. Rich. Atlanta Chicago St.Louis 923,804 6,919,548 1304,131 1606,687 1051,663 1029,356 4435,959 684,216 528,093 49,771 23,024,524 973,575 Other cash 243,214 Discounts and advances 136,681 Industrial loans 2,517 U. S. Govt, securities Bills 3,987,375 Certificates 5,749,250 Notes 1,454,000 Bonds 6,219,800 17,325 4,757 55,290 39,122 274,890 396,353 100,239 428,793 929,425 1,340,104 338,916 1,449,786 reserves Phila. 42,524 45,784 57,131 48,489 38,193 79,690 42,273 Minn. Kans.Cy. 465,803 852,559 22,068 34,261 Dallas SanFran. 631,601 2591,104 26,637 41,272 6,962,072 1349,915 1663,818 1100,152 1067,549 4515,649 726,489 487,871 886,820 658,238 2632,376 14,079 5,684 2,218 19,525 30,672 1 16,860 10,366 109 21,301 1,822 30,158 11,317 12,918 3,608 5,020 12,745 I89 9,938 8,093 9,98l 1,453 30,819 7,042 265,164 369,614 257,608 213,580 604,678 219,948 123,365 185,026 181,007 363,070 382,331 532,932 371,436 307,953 871,862 317,134 177,877 266,783 260,987 523,498 96,693 134,780 93,937 77,882 220,496 80,204 44,985 67,470 66,004 132,394 413,623 576,551 401,837 333,157 943,220 343,090 192,434 288,617 282,348 566,344 Total U.S.Government securities 17,410,425 1200,275 4,058,231 1157,811 1613,877 1124,818 932,572 2640,256 960,376 538,661 807,896 790,346 1585,306 Total loans and securities 17,549,623 1205,032 4,097,353 1165,713 1644,550 1135,293 Due from foreign banks 33 F.R.notes of other banks 110,206 Uncollected items 3,027,079 Bank premises 34,520 Other assets 121,511 TOTAL ASSETS 2 4,874 258,377 1,115 8,173 934,394 2651,573 963,984 551,595 1 3 2 3 1 5 ll,.4o6 4,749 14,840 6,077 14,297 7,507 609,430 223,793 267,400 239,849 202,782 461,949 159,324 4,894 7,819 2,970 2,483 1,512 3,651 2,035 27,585 11,151 8,021 6,400 7,891 18,671 7,772 1 3,243 73,670 1,138 3,621 1/ 10 15,827 815,989 791,799 1592,348 1 5,875 151,928 1 4,775 134,102 2,292 707 5,421 5,832 3 13,736 244,475 3,904 10,973 44,110,710 2468,473 11,778,386 2769,113 3617,4l8 2514,066 2248,236 7696,496 1880,030 1126,159 1878,675 1605,024 4528,634 l/ After deducting $23,000 participations of other Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 19, 1950 (In thousands of dollars) Minn. Kans.Cy. Dallas SanFran. Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 22,841,566 1381,651 5,170,032 1597,404 2018,880 1516,033 1266,992 4433,148 1054,614 606,-491 906,242 608,690 2281,389 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve acct. 15,785,854 701,291 5,150,369 767,794 1148,332 638,170 686,102 2487,203 557,127 375,214 740,315 758,821 1775,116 47,946 20,900 34,029 52,310 41,253 33,978 117,076 35,715 30,135 30,851 137,458 65,022 U.S.Treasurer-general acct. 646,673 44,745 37,586 123,496 32,216 81,436 33,111 31,321 79,665 22,373 55,969 1/291,424 71,592 Foreign 904,934 5,466 2,344 6,918 8,933 2,584 7,667 1,960 31,394 2,719 273,177 5,824 7,551 Other 356,537 Total deposits 17,693,998 790,830 5,852,428 910,232 1285,265 729,634 760,010 2734,693 633,991 430,306 801,993 826,131 1938,485 483,540 189,547 227,952 218,987 179,729 400,030 153,983 63,936 133,974 134,729 225,563 Deferred availability items 2,648,364 236,394 Other liabilities including 466 428 630 532 2,148 683 1,276 430 3,461 882 549 994 12,479 accrued dividends 43,196,407 TOTAL LIABILITIES 215,081 Capital paid in 488,173 Surplus (Section 7) 27,543 Surplus (Section 13b) 183,506 Other capital accounts TOTAL LIABILITIES AND 44,110,710 CAPITAL ACCOUNTS Contingent liability on acceptances purchased 6,586 for foreign correspondents Commitments to make 1,348 industrial loans F.R. notes outstanding 23,575,560 Collateral for F.R. notes held by F.R. Agents: 14,249,000 Gold certificates Eligible paper 63,446 U.S. Govt, securities 10,550,000 Discounts and advances Industrial loans U.S. Govt, securities 2409,757 11,509,461 2697,866 3533,373 2465,284 2207,263 7570,019 1843,054 1101,161 1842,639 1570,099 4446,431 12,099 73,015 30,778 148,149 12,828 40,442 3,011 7,319 15,338 19,931 9,438 8,634 27,330 7,145 4,877 7,675 8,892 20,707 38,205 45,957 23,779 21,194 72,029 19,118 12,494 18,045 15,873 42,552 13,215 17,151 12,216 10,383 25,689 10,192 6,554 9,179 8,853 l6,8o4 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o 2468,473 11,778,386 2769,113 3617,418 2514,066 2248,236 7696,496 1880,030 1126,159 1878,675 1605,024 4528,634 440 |/2,059 525 597 328 275 905 236 164 243 230 584 —— 467 442 60 — 258 ——— ——— 121 — 1419,830 5,318,598 1644,650 2093,803 1576,714 1329,546 4506,165 1094,211 615,951 930,731 641,828 2403,533 440,000 4,670,000 750,000 1000,000 670,000 675,000 2950,000 400,000 26,275 2,500 — 8,376 —— 2,175 2,250 6,620 3,500 11,750 800,000 1000,000 1150,000 950,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,000 1100,000 Total 136,681 2,517 17,410,425 210,000 280,000 204,000 2000,000 Within 15 days 94,236 59 913,260 16 to 30 days 6,731 5 769,602 MATURITY DISTRIBUTION OF LOANS AND SECURITIES (T months 6l to 91 days to 31 to to 1 year 60 days 6 months 90 days 2,563 33,151 460 883 43 55 1,143,150 1,794,500 2,222,604 2,893,509 1 to 2 years 2 to 5 years 284 728 786,600 2,656,900 l/ After deducting $613,492,000 participations of other Federal Reserve Banks. 2/ After deducting $4,527,000 participations of other Federal Reserve Banks. Over 5 years 4,230,300
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