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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) August 17, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 16 member bank reserve balances decreased $68 million. Reductions in member bank reserves resulted from decreases of $81 million in gold stock and $15 million in Reserve Bank credit and an increase of $50 million in Treasury deposits with Federal Reserve Banks, offset in part by decreases of $39 million in money in circulation and $39 million in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on August 16 were estimated to be approximately $730 million. Holdings of loans, discounts and -advances decreased $157 million and of United States Government securities $15 million, the latter change reflecting decreases of $100 million in bonds and $16 million in bills and increases of $65 million in notes and $36 million in certificates. Changes in member bank reserve balances and related items during the week and the year ended August 16, 1950, were as follows: Increase or decrease since August 16, 1950 August 9, August 17, 1950 1949 (in millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 18,334 108 447 - 15 -157 +157 +108 -133 +220 Total Reserve Bank credit Gold stock Treasury currency outstanding 18,889 23,954 4,608 - 15 - 81 +195 -654 + 16 Member bank reserve balances Money in circulation Treasury cash holdings Treasury deposits with F. R, Banks Nonmember deposits and other F. R. accounts 16,298 26,976 1,309 717 2,151 - 68 - 39 -798 -407 k +273 +493 «•» + 50 - 39 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves August 16, 1950 August 9, August 17, 1950 1949 22,190,429 519,420 22,709,049 - 73,002 - 2,836 - 75,838 - 600,002 - 50,460 - 650,462 - Other cash 255,943 + Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 105,648 2,251 -156,997 155 - 134,359 + 1,733 4,271,167 3,033,550 6,338,000 4,690,900 - 15,880 + 35,500 + 65,500 -100,300 + 427,872 -3,223,350 +5,987,400 -3,084,300 18,333,617 - 15,180 + 107,622 18,441,516 24 131,414 3,522,829 35,827 101,460 -172,332 - 6,128 +813,481 + 236 + 4,016 + + + - 45,198,862 +564,267 117,658 22,819,958 - 39,007 - 456,961 16,297,890 717,231 1,105,046 286,766 - 68,229 + 49,826 - 35,807 - 3,654 - 57,064 +656,636 797,688 273,449 612,493 - 190,233 - 101,979 + 626,412 +560,266 + 69,946 + 62 --- + + 13,530 21,462 + 3,939 +564,267 + + 12,720 117,658 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS L I A B I L I T IE 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 U'071 44,313,792 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 220,436 488,173 27,543 148,918 45,190,862 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 10,406,933 3,075,830 832 25,004 25 7,687 846,039 3,131 22,909 + + 55.1$ 15,479 2,352 40,799 .8# + 5,961 + 638 + 12,200 285 E.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST l6, 1950 (In thousands of dollars) ASSETS Total Gold certificates Redemption fund for F. R. notes Boston 22,190,429 858,856 519,420 52,003 Total gold certificate reserves 22,709,849 910,859 Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds .Total ILS. Government securities Total loans and securities 255,943 105,648 2,251 4,271,167 3,033,550 6,338,000 4,690,900 28,675 10,436 Phila. Cleve. Rich. Atlanta Chicago St.Louis 6,769,278 1251,668 1653,927 1003,614 976,292 4479,790 33,681 46,384 60,015 47,546 36,488 41.586 6,802,959 1298,052 1713,942 1051,360 1012,780 4560,025 666,500 13,472 2,120 1,906 22,096 8,117 1 l4,4l6 13,515 111 18,618 5,846 5 37,487 1,226 294,454 995,575 206,652 734,706 435,666 1,491,525 322,149 1,107,214 284,037 199,340 420,253 310,753 395,920 277,861 585,792 433,160 275,943 193,659 408,278 301,898 228,781 160,561 338,498 250,298 647,714 454,573 958,339 708,636 18,333,617 1258,921 Mpls. Kans.Cy, Dallas SanFran. 624,914 427,179 890,079 80.235 51,842 29,168 29 10,676 7,322 21.808 633,238 2621,394 '' 33.715 26.120 39.839 448,987 923,794 659,358 2661,233 6,940 7,900 199 9,846 9,819 11,658 587 30,217 9,592 235,602 132,146 198,195 193,889 388,911 165,348 92,741 139,095 136,073 272,941 348,590 195,519 293,244 286,874 575,422 257,761 144,575 216,837 212,127 425,492 4,329,020 1214,383 1692,733 1179,778 978,138 2769,262 1007,301 564,981 847,371 828,963 1662,766 18,441,516 1269,357 4,358,217 1218,409 1700,851 1193,4o4 983,989 2770,488 1014,623 573,080 857,190 Due from foreign tanks 24 2 F.R.notes of other banks 131,414 7,273 Uncollected items 3,522,829 277,427 Bank premises 35,827 1,097 Other assets 101,460 6,794 TOTAL ASSETS New York 829,550 1672,358 1/ 7 2 2 1 1 3 1 1 ± 1 2 22>23 6,316 6,218 16,839 9,406 16,536 7,089 9,296 8,327 6,297 15,394 638,679 231,491 334,816 298,219 227,414 583,312 195,373 102,513 170,442 155,811 307,332 7,744 2,948 4,842 2,580 1,509 4,Ol4 2,020 1,127 2,269 694 4,983 22,585 6,384 9.368 6,601 5,436 15.479 6,907 3,040 5,199 4.534 9,133 45,198,862 2501,484 11,904,456 2777,074 3792,135 2583,420 2259,153 7987,344 1903,189 1144,984 1977,068 1667,903 4700,652 1/ After deducting $17,000 participations of other Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST l6, I95O (in thousands of dollars) Mpls. Kans.Cy. Dallas SanFran. Rich, Atlanta Chicago St.Louis Total Boston New York Phila. Cleve. 22,819,958 1385,395 5,133,998 1599,708 2044,094 1503,862 1239,762 4461,925 1040,753 592,941 901,639 609,727 2306,154 LIABILITIES Federal Reserve notes Deposits: Member bank-reserve acct* 16,297,890 679,330 5,234,431 770,464 1208,368 666,910 660,544 2663,440 567,039 381,309 797,277 798,360 1870,418 U.S.Treasurer-general acct. 717,231 53,465 139,241 53,274 8o,4o4 44,387 62,331 82,837 39,624 31,830 48,825 33,880 47,133 Foreign 1,105,046 69,275 1/ 350,699 87,968 100,064 54,980 46,183 151,745 39,586 27,490 40,685 38,486 97,885 1,429 3,414 1,430 39,109 1,664 4,332 5,488 2,494 2,839 4,584 4,365 215,618 Other 286,766 Total deposits l8,4o6,933 806,435 5,939,989 914,545 1393,420 768,771 770,722 2902,354 651,737 442,058 890,201 872,156 2054,545 Deferred availability items 3,075,830 252,297 566,164 193,215 272,408 263,481 208,935 499,216 175,072 85,452 150,233 151,643 257,714 Other liabilities including 44l 852 540 476 1,652 447 534 435 1,121 accrued dividends 11,071 942 3,094 537 TOTAL LIABILITIES 44,313,792 2445,069 Capital paid in 220,436 12,183 Surplus (Section 7) 488,173 30,778 Surplus (Section 13b) 3,0ii 27,543 Other capital accounts 148,918 10,443 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,198,862 2501,484 Contingent liability on acceptances purchased for foreign correspondents 15,479 975 Commitments to make industrial loans 2,3^2 ——— F.R. notes outstanding 23,623,366 1447,047 Collateral for F.R. notes held by F. R. Agents: Gold certificates 14,304,000 440,000 Eligible paper 82,984 10,310 U.S. Govt, securities 10,550,000 1100,000 Discounts and advances Industrial loans U.S. Govt, securities Total 105,648 2,251 18,333,617 11,643,245 2708,005 3711,043 2536,654 2219,895 7865,147 1868,009 1120,985 1942,508 1633,967 4619,265 9,440 23,133 7,873 73,148 15,539 20,375 9,661 8,750 28,173 7,225 4,936 148,149 38,205 45,957 23,779 21,194 72,029 19,118 12,494 18,045 15,873 42,552 2,l40 1,307 1,137 7,319 4,489 1,006 3,349 762 1,429 521 1,073 7,316 13,562 7,505 32,595 10,836 13,754 9,977 8,552 20,566 8,316 5,496 11,904,456 2777,074 3792,135 2583,420 2259,153 7987,344 1903,189 1144,984 1977,068 1667,903 4700,652 2/ 4,86o 1,238 1,409 774 650 2,136 557 387 573 5^2 1,378 - $00 — — 1 1 9 60 270 449 ——— ^^ 954 5,280,588 1652,996 2119,737 1558,407 1305,188 4546,583 1086,215 606,718 930,016 644,176 2445,695 4,770,000 750,000 925,000 670,000 675,000 2980,000 400,000 210,000 280,000 204,000 2000,000 7,414 7,250 7,850 9,745 13,415 25,o4O 1,960 700,000 1000,000 1250,000 950,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 2 to 5 1 to 2 91 days to "^"months Within l6 to 61 to 31 to years years to I year 6 months 15 days 60 days 30 days 90 days 100,480 2,019 1,590 1,543 765 324 210 177 143 300 29 303 5,536,700 246,300 2,172,900 1,091,050 1,313,093 1,267,686 2,772,801 1,359,787 1/ After deducting $754,326,000 participations of other Federal Reserve Banks. 2/ Setter deducting '|io,ol9',000 participations of other federal Reserve Banks-. Over 5 years 2,573,300
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