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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) April 6, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 5 member "bank reserve balances increased $189 million. Additions to member bank reserves resulted from decreases of $375 million in Treasury deposits with Federal Reserve Banks and $4 million in Treasury cash, and an increase of $2 million in Treasury currency, offset in part by increases of $164 million in money in circulation and $15 million in nonmember deposits and other Federal Reserve accounts and A decrease of $12 million^in^ Reserve Bank credit. Excess reserves of member banks on April 5 were estimated to be approximately $7^0 million. Holdings of loans, discounts and advances decreased $196 million, while holdings of United States Government securities increased $56 million, the latter change reflecting increases of $109 million in "bills and $75 million in notes, and decreases of $70 million in certificates and $58 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended April 5; 195^ were as follows: Increase or decrease since April 5; 1950 March 29, 1950 April 6, 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 17,572 171 389 + 56 -196 Total Reserve Bank credit Gold stock Treasury currency 18,132 - 12 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Honmember deposits and other F. R. accounts 24,246 4,601 15,971 27,133 1,317 622 1,936 +128 — — + 2 +189 +164 - 4 -375 + 15 -4,025 43 + 56 -4,011 71 + 10 -3,340 381 12 + 4?4 1*6 H.4.l(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. 5, 1950 Apr. 6, 1949 Mar. 29, 1950 22,488,430 541,340 23,029,770 + 10,003 + + 10,003 : 21,999 f7,344 557355 Other cash 237,600 - 35,493 - 65,104 Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 168,146 -196,730 + 33 + 44,758 3,972,375 5,788,750 1,454,000 6,357,300 +109,500 -1,201,496 17,572,425 + 56,700 -4.024,125 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 17,743,173 33 97,389 2,471,823 34,375 114,224 -139,997 -4,067,040 43,728,387 -275,945 -4,150,611 22,967,632 +119,055 - 455,801 15,970,695 622,199 882,603 284,404 17,759,901 2,083,192 +189,134 -374,640 + 3,878 + 8.017 -173,611 -225,571 -3,340,627 - 493,363 + 271,163 - 208,332 -3,771,159 + 23,732 12,822 433 -280,560 1,534 -4,204,762 + + + 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 2,602 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 42,823,547 214,981 488,173 27,543 ,, m , i * 3 43,720,3#? 56.5% 7,729 1,243 1,843 - 69,800 -1,098,229 + 74,800 +1,069>400 - 57,800 -2,793,800 - 13,706 - 97,677 + 52 + + 977 - 12 + 4,603 -275,945 .1* 10,704 21,462 + 21,985 -4,150,611 + 162 + 31 16 12,302 79,855 2,219 42,878 5.2# 2,463 2,016 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 5, 1950 (in thousands of dollars) A S S E T S Total 0 on -d- 1 CXI CVI Gold certificates Redemption fund for F. R. notes 541,340 Total gold certificate reserves 23,029,770 Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U.S.Government securities T °secu^itle s a ~ SSr'USS" TOTAL ASSETS 3,972,375 5,788,750 1,454,000 6.357,300 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis bank8 Minn. Kans.Cy. Dallas SanFran. 895,206 6,935,591 1292,580 1630,602 1083,881 1034,962 4287,813 697,595 482,904 857,936 667,527 2621,833 49,989 43,471 46,187 57,381 48,863 38,411 89,994 42,379 945,195 6,979,062 1338,767 1687,983 1132,744 1073,373 4377,807 739,974 17,184 12,757 55,949 70,527 «••• 13,664 4,184 2,312 925,929 264,167 273,856 399,076 1,349,311 384,957 338,916 96,693 100,239 438.272 1.481.836 422,767 18,777 18,172 1 15,904 5,396 XIO 18,595 1,822 368,223 256,639 212,776 536,594 373,988 310,069 93,937 77,882 134,780 410,720 340,522 589,297 22,096 34,341 26,705 41,523 505,000 892,277 694,232 2663,356 11,049 1,453 30,709 6,842 602,403 219,120 122,901 184,330 180,326 877,852 319,314 179,098 268,615 262,781 67,470 66,004 44,985 220,496 80,204 964,072 350,675 196,689 294,998 288,589 361,705 527,095 132,394 578,863 30,183 34,742 11,456 3,583 5,698 4,895 179 8,432 3,773 17,572,425 1211,44] 4,095,992 1168,584 1628,894 1135,284 941,249 2664,823 969,313 543,673 815,413 797,700 1600,057 17,743,173 1224,200 4,166,519 1175,080 1647,067 1140,790 943,071 2699,565 Due from foreign banks uic;SecLfi?e^r 237,600 168,146 2,602 Boston 33 2 2,47l;^3 21^210 1&2S 7:666 l/ 10 454^3 26:037 972,896 548,747 819,186 3 2 1 5 1 1 ^ 17^357 223I7I9 til'M 17M04 4n>54 132,'ll3 62,705 127I& 7:377 3:394 3 7^383 10:6% 7:386 6:0# 17:600 £kk0 799,153 1606,899 . .* 10M07 4,998 , 203)857 10^99 43,728,387 24l6,991 11,705,660 2713,882 3597,754 2493,167 2232,018 7554,685 1871,341 1129,843 1860,002 1620,188 4532,856 1/ After deducting $23,000 participations of other Federal Reserve Banks. ^ H.4.1(c) Total L I A B I L IjT I E S Federal Reserve notes 22,967,632 Deposits: Member bank-reserve acct. 15,970,695 U.S.Treasurer-general acct. 622,199 Foreign 882,603 Other 284,404 Total deposits Boston STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 5, 1950 (in thousands of dollars) New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. 1377,897 5,217,467 1607,029 2C16,72C 1527,266 1282,180 4439,064 1060,652 608,033 Dallas SacFran. 913,561 616,426 2301,331 673,518 5,259,694 773,450 1166,124 655,719 696,993 2438,043 579,173 380,528 737,915 803,263 1806,27; 63,028 98,997 55,849 62,359 43,951 22,199 99,753 36,048 37,385 21,722 30,868 50,04( 1/281,373 70,112 79,753 43,820 3 6 , 8 0 9 120,943 31,550 21,910 32,427 30,674 78,01< 55,213 217,866 1,602 5,022 4,222 3,210 775 2,633 6,916 1,277 6,097 17,759,901 794,969 Deferred availability items 2,083,192 Other liabilities including accrued dividends 12,822 185,118 360,055 929 3,410 5,857,930 901,013 1313,258 747,712 756,776 2661,372 653,687 134,537 183,183 169,360 152,049 664 702 1,479 1 1 , 4 3 8 , 8 6 2 2 6 4 3 , 2 8 1 3514,640 73,006 15,335 19,922 549 327,076 120,095 2,098 498 441,100 798,161 865,949 1967,971 55,432 1 1 2 , 2 3 8 575 463 102,826 500 181,22: 955 4 2 , 8 2 3 , 5 4 7 2358,913 2445,002 2191,554 7429,610 1834,932 1105,140 1 8 2 4 , 4 2 3 1 5 8 5 , 7 0 1 4451,485 TOTAL LIABILITIES 8,880 7,674 214,981 12,098 Capital paid in 20,696 9,423 8,619 27,323 7,132 4,873 19,118 12,494 488,173 30,778 148,149 38,205 45,957 23,779 2 1 , 1 9 4 7 2 , 0 2 9 Surplus (Section 7) 18,045 15,873 42,552 Surplus (Section 13b) 2,l4c 27,543 3,011 7,319 4,489 1,006 762 1,429 521 1,073 3,349 1,137 1,307 Other capital accounts 9,889 24,294 9,638 6,263 174,143 12,191 38,324 12,572 16,229 ll,6l4 8,723 8,427 15,975 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 4 3 , 7 2 8 , 3 8 7 2416,991 1 1 , 7 0 5 , 6 6 0 2 7 1 3 , 8 8 2 3597,754 2493,167 2 2 3 2 , 0 1 8 7554,685 1 8 7 1 , 3 4 1 1129,843 1 8 6 0 , 0 0 2 1 6 2 0 , 1 8 8 4532,85^ Contingent liability on acceptances purchased 618 for foreign correspondents 286 487 2/2,427 68E 386 325 1,067 278 271 7,729 193 703 Commitments to make industrial loans 1,243 __ 417 121 443 259 F.R. notes outstanding 23, 6 0 3 , 0 6 1 1416,948 5,345,855 1643,273 2 0 8 2 , 9 3 3 1575,235 1331,497 4512,362 1 0 9 9 , 3 0 8 6 1 7 , 9 8 3 937,173 646,124 2394,37C Collateral for F.R. notes held by F.R. Agents: Gold certificates 14, 049,000 4 4 0 , 0 0 0 4 , 6 7 0 , 0 0 0 7 5 0 , 0 0 0 1 0 0 0 , 0 0 0 6 7 0 , 0 0 0 6 7 5 , 0 0 0 2 7 5 0 , 0 0 0 4 0 0 , 0 0 0 210,000 280,000 2 Eligible paper 82,846 1 0 , 2 5 0 56,840 1,000 — 3,106 — — 2,150 2,300 3,900 3,30C U.S. Govt, securities 1 0 , 750,000 1 1 0 0 , 0 0 0 800,000 1000,000 1150,000 950,000 700,000 1800,000 800,000 450,000 700,000 5 30 800,00C MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within l6 to 6l to 91 days to Over 1 to 2 31 to 6 months 2 to 5 15 days 60 days 30 days Total 90 days years years 6 months to 1 year 5 years Discounts and advances 168,146 38,201 2,300 2,874 124,771 Industrial loans 61 2,602 41 56 966 450 292 9 727 U.S. Govt, securities 623,610 2,423,120 3,233,402 1,814,500 503,843 1,162,650 786,600 2,656,900 17,572,425 4,367,800 — s * — " 2/ After deducting t - ' ' — -*• - $5,302,000 participations of other Federal Reserve Banks.
@FedFRASER