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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) August 24, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 23 member bank reserve balances increased $144 million. Additions to member bank reserves resulted from decreases of $155 million in Treasury deposits with Federal Reserve Banks, $131 million in nonmember deposits and other Federal Reserve accounts, and $13 million in money in circulation, offset in part by decreases of $151 million in gold stock and $6 million in Reserve Bank credit. Excess reserves of member banks on August 23 were estimated to be approximately $800 million. Holdings of loans, discounts and advances increased $ 9 million and of United States Government securities $243 million, the latter change reflecting increases of $749 million in bonds and $597 million in certificates and decreases of $567 million in notes and $536 million in Mils. Changes in member bank reserve balances and related items during the week and the year ended August 23, 1950, were as follows: Increase or decrease since Aug. 23, 1950 Aug. 16, 1950 Aug. 24, 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit Total Reserve Bank credit Gold stock Treasury currency outstanding Member bank reserve balances Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 18,577 117 +243 + 9 +774 + 1 I89 -258 + 27 18,883 6 -151 + l +802 -807 + 18 16,442 +144 - 13 - 1 -155 -131 -365 - 13 + 77 23,803 4,609 26,963 1,308 562 2,020 - 67 +381 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 22,050,429 519,421 22,569,850 Aug. 24, 1949 Aug. 16, 1^0 Aug. 23, 1950 -140,000 + 1 -139,999 - - 740,000 47,170 787,170 Other cash 252,792 - Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 115,190 2,256 + 9,542 3,735,667 3,630,636 5,770,600 5,439,630 -535,500 +597,086 -567,400 +748,730 + 60,049 -2,417,264 +5,466,000 - 2 ,335,570 18,576,533 +242,916 + 773,215 18,693,979 24 +252,463 2,674,638 -848,191 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 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 3,151 - + 5 - - + 45,191 142 1,729 35,957 117,164 + 15,704 + 774,802 24 + 11,316 + 478,312 + 3,265 10,600 - 44,472,961 -725,901 + 424,710 22,810,170 - - 16,442,436 562,439 992,896 279,026 18,276,797 2,485,293 +144,546 -154,792 -112,150 - 7,740 -130,136 -590,537 66,877 + 77,199 + 529,034 10,759 43,583,019 312 -730,773 + + 376,543 + + + 13,551 21,462 128,557 220,484 488,173 27,543 153,742 44,472,961 54.9# 15,445 2,346 — -» - 2,857 + 130 9,788 48 — — 410,294 - - + + 205,190 334,166 451,063 1,608 — + 4,824 -725,901 .2$ 34 6 + 13,154 + 424,710 - + + I.856 12,152 280 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 23, 1950 (In thousands of dollars) ASSETS Total Gold certificates Redemption fund for F. R. notes Boston New York Phila. Cleve. 22,050,429 857,166 6,950,550 1223,495 1597,657 519,421 52,003 33,681 46,384 60,015 Rich. Atlanta Chicago St.Louis 987,845 47,546 Total gold certificate reserves 22,569,850 909,169 6,984,231 1269,879 1657,672 1035,391 Other cash Discounts and advances .Industrial loans U. 8. Govt, securities: Bills ' Certificates Notes Bonds 252,792 115,190 2,256 3,735,667 3,630,636 5,770,600 5,439,630 Mpls. Kans.Cy. Dallas SanFran. 958,436 4423,910 589,199 419,716 820,015 609,411 2613,029 36,488 80,235 41,586 994,924 4504,145 630,785 48,967 21,680 29 14,260 2,815 1,909 19,165 13,300 1 15,544 14,665 104 20,917 12,725 5 38,630 1,850 11,721 23,150 — — — — — - 870,754 257,537 846,272 250,296 397,825 1,345,081 375,008 1,267,934 248,426 241,440 383,751 361,741 346,281 336,545 534,912 504,232 241,347 234,561 372,815 351,433 200,097 194,473 309,096 291,368 566,506 550,579 875,100 824,909 26,933 2,790 - - - 206,063 200,270 318,312 300,055 To talJtt.£L. Government securities 18,576,533 1280,666 4,330,041 1235,358 1721,970 1200,156 Total loans and securities 18,693,979 1283,456 4,351,750 1240,082 1735,271 1214,925 1007,764 2818,944 1047,850 Due from foreign banks 24 2 F.R.notes of other banks 128,557 9,149 Uncollected items 2,674,638 184,397 Bank premises 35,957 1,097 Other assets 117,164 7,898 TOTAL ASSETS 21,808 33,715 26,120 39,840 441,524 853,730 635,531 2652,869 7,881 5,250 208 115,578 112,327 178,537 168,297 9,744 12,795 10,642 516 28,388 3,654 --- — — — - - - 173,346 169,581 340,151 168,473 164,813 330,587 267,773 261,956 525,442 252,415 246,932 495,306 995,034 2817,09^ 1024,700 574,739 862,007 843,282 1691,486 1/ 7 2 2 1 1 3 1 21,459 4,470 6,331 16,055 10,24? 15,793 6,986 511,311 187,726 249,469 229,428 177,390 390,873 145,945 7,744 2,942 4,842 2,580 1,508 4,027 2,020 25,899 7,410 10,978 7,625 6,308 17,899 7,808 580,197 874,802 843,798 1695,140 1 1 1 2 7,999 8,509 6,551 15,008 84,74? 144,156 125,487 243,709 1,127 2,269 694 5,107 3,526 5,937 5,258 10,6l8 44,472,961 2422,101 11,951,368 2726,771 3683,730 2521,549 2219,059 7790,314 1853,116 1127,002 1899,148 1627,962 4650,841 l/ After deducting $17,000 participations of other Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 23, 1950 (In thousands of dollars) Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Total Boston New York Phila. Cleve. 22,810,170 1385,503 5 , 1 3 4 , 4 1 3 1598,009 2045,335 1516,571 1231,382 4461,885 1037,163 5 9 0 , 8 5 1 899,018 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve acct. 16,442,436 650,299 U.S.Treasurer-general acct. 562,439 52,463 Foreign 992,896 61,589 Other 279,026 3,935 5,484,064 760,504 1 2 0 7 , 7 0 0 650,734 57,422 43,935 40,760 82,740 7 8 , 2 0 8 88,962 4 8 , 8 8 0 1/322,241 2,502 3,933 2,216 215,441 685,668 54,833 41,059 2,737 2614,064 571,303 58,515 35,094 134,909 35,194 3,071 6,128 Dallas SanFran. 6 0 9 , 1 1 9 2300,921 381,472 764,487 787,492 1884,649 22,219 35,320 46,105 33,033 3 6 , 1 7 1 34,216 87,027 24,440 2,805 910 33,796 1,552 Total deposits 18,276,797 7 6 8 , 2 8 6 6 , 1 0 4 , 4 8 6 8 9 8 , 6 3 6 1344,530 742,590 784,297 2810,559 647,719 440,497 Deferred availability items 2,485,293 210,607 447,470 160,194 211,155 214,752 163,351 393,212 132,282 71,150 Other liabilities including 345 515 1,794 463 accrued dividends 10,759 893 2,703 533 1,162 561 825,682 139,215 857,938 2051,577 126,265 215,64c 485 3602,182 2474,474 2179,545 7667,450 1817,627 1 1 0 2 , 8 4 3 1864,322 1593,807 20,378 9,662 8,757 28,180 7,228 4,937 7,878 9,454 45,957 23,779 2 1 , 1 9 4 72,029 1 9 , 1 1 8 1 2 , 4 9 4 18,045 1 5 , 8 7 3 1,006 3,349 762 1,429 521 1,073 1,137 1,307 14,207 10,285 8 , 8 0 1 21,226 8,622 5,655 7,766 7,521 TOTAL LIABILITIES 43,583,019 2365,289 1 1 , 6 8 9 , 0 7 2 2657,372 7 3 , 1 5 8 15,539 Capital paid in 220,484 12,180 148,149 38,205 Surplus (Section 7) 488,173 30,778 7,319 4,489 Surplus (Section 13b) 27,543 3,011 33,670 11,166 Other capital accounts 153,742 10,843 TOTAL LIABILITIES AND 44,472,961 2422,101 1 1 , 9 5 1 , 3 6 8 2 7 2 6 , 7 7 1 3683,730 2521,549 CAPITAL ACCOUNTS Contingent liability on acceptances purchased 772 2/4,850 1,236 1,405 for foreign correspondents 15,445 973 Commitments to make 60 948 449 2,346 --industrial loans 2 3 , 5 8 7 , 6 6 3 1447,016 5 , 2 7 8 , 4 2 4 1647,649 2112,699 1563,245 F.R. notes outstanding Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,154,000 440,000 4,770,000 750,000 925,000 6 7 0 , 0 0 0 14,430 2,815 14,365 Eligible paper 77,249 2,790 7 0 0 , 0 0 0 1000,000 1250,000 950,000 U.S. Govt, securities 10,550,000 1100,000 Discounts and advances Industrial loans U.S. Govt, securities Total 115,190 2,256 Within 15 days 98,525 234 18,576,533 1,017,134 16 to 30 days 573M 46 7,664 160 89fi 4569,036 23,133 42,552 2,l4c 13,98c 2219,059 7790,314 1853,116 1127,002 1899,148 1627,962 4650,841 386 571 — 270 1302,505 4 5 3 6 , 2 2 4 1087,372 6 0 5 , 6 1 8 930,613 649 675,000 - 2,131 2980,000 — 556 500 541 1,375 — US 641,405 2 4 3 4 , 8 9 : 350,000 210,000 280,000 204,000 1900,00C 23,150 5,250 12,795 — 1,654 7 0 0 , 0 0 0 1600,000 800,000 4 5 0 , 0 0 0 7 0 0 , 0 0 0 500,000 800,00c MATURITY DISTRIBUTION OF LOANS AND SECURITIES 31 to 61 to 91 days to 6 months 60 days 90 days 6 months to 1 year 2,626 258 407 PT 285 204 1 to 2 years 305 2 to 5 years 764 2,498,870 3,077,567 1,150,962 1,018,050 5,123,900 251,300 1,960,650 1/ After deducting $670,634,000 participations of other Federal Reserve Banks. 2/ After deducting $10,595,000 participations of other Federal Reserve Banks. Over 5 years 2,478,100
@FedFRASER