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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) Dec. 14, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 13, member bank reserve balances Increased $4l6 inlllion. Additions to member bank reserves resulted from an increase of $422 million in Reserve Bank credit and decreases of $89 million in Treasury deposits with Federal Reserve Banks and $l6 million in nonmember deposits and other Federal Reserve accounts, offset in part by an increase of $6l million in money in circulation and a decrease of $50 million in gold stock. Excess reserves of member banks on December 13 were estimated,to be approximately $1,150 million. Holdings of loans, discounts and advances decreased $4l million, while holdings of United States Government securities increased $290 million, the latter change reflecting increases of $724 million in certificates and $249 million in bonds, and decreases of $437 million in notes and $246 million in bills. Changes in member bank reserve balance# and related items during the week and the year ended December 13, 1950, were as follows: Increase or decrease since Dec. 13, 1950 Dec. 6, 1950 Dec . 14 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 20,529 71 744 +290 - 41 +173 +2 ,360 38 + 291 Total Reserve Bank credit Gold stock Treasury currency outstanding 21,344 22,926 4,628 +422 - 50 +2 ,613 -1,550 + 32 Member bank reserve balances Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Boimember deposits and other F. R. accounts 17,465 27,759 1,294 451 1,929 +4l6 + 61 +1 ,032 + 58 20 + 58 34 » - 89 -16 H.4.1(a) %TATEI&NT OF CONDITION OF THE TWELt| FEDERAL RESERVE BANKS COMBINED (fa 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 Other cash Dec, 13, 1950 Dec, 6, 1950 Dec. 14, 1949 - 60,995 21,122 > 0 5 558,897 21,601,302 - 52,869 -1,550,027 + 5,103 -1,544,924 228,836 - 2,962 + 10,357 69,037 2,315 - 40,859 + 38,151 360 + 8,126 Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities ! * 851,471 2,334,195 12,523,518 4,819,653 -246,175 +724,045 -436,500 +248,778 -3,523,326 -3,649,705 +12,225,418 -2,692,647 20,528,837 +290,148 +2,359,740 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 20,600,189 24 133,051 3,535,883 37,751 154,901 +249,268 - 1,165 +516,584 + 89 + 13,849 +2,321,949 15 + 516 + 277,865 + 4,378 46,371,937 +722,794 +1,068,314 23,542,564 + 54,567 + + 58,129 + 153,425 - 212,530 +1,031,045 TOTAL ASSETS 21 1,812 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 17,464,677 451,215 919,366 294,078 19,129,336 2,791,849 +415,976 - 89,048 - 8,139 + 1,84o +320,629 +343,678 - 12,205 45,475,954 + 573 +719,447 2,675 +1,037,689 C A P I T A L A C C O U N T S Capital paid in ——— Surplus (Section 7) Stirplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 222,308 488,173 27,543 157,959 4b,371,937 273 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 + 3,0# +722,794 +1,032,021 •f + 13,222 13,855 21,462 4,692 +1,068,314 50.8% 22,378 4,269 22,541 5.< 91 809 + + 11,779 1,986 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 13, I95O (In thousands of dollars) A S S E T S Total Boston 21,122 > 0 5 730,697 558,897 54,149 Total gold certificate reserves 21,681,302 784,846 Gold certificates Redemption fund for F. R. notes Other cash 228,836 Discounts and advances 69,037 Industrial loans 2,315 U. S. Govt, securities: 851,471 Bills Certificates 2,334,195 Notes 12,523,518 Bonds 4,819,653 25,854 2,685 — 58,700 160,919 863,371 332,268 New York Cleve. Rich. 7,037,311 1130,781 1444,032 979,618 36,559 Phila. 50,893 67,513 53,315 7,073,870 1181,674 1511,545 1032,933 42,549 24,970 27 200,343 544,082 2,919,132 1,123,423 15,388 3,472 1 13,881 2,840 110 56,624 78,928 155,228 216,370 832,827 1160,880 320,509 446,763 55,010 150,804 809,094 311,378 12,995 5,895 1,984 Atlanta Chicago St.Louis 872,827 4075,445 Mpls. Kans.Cy. Dallas SanFran. 588,015 374,440 745,379 95,519 40,784 21,496 35,084 912,525 4170,964 628,799 395,936 780,463 12,567 11,300 5,880 600 186 9,115 3,715 45,096 128,757 690,810 265,856 26,344 72,218 387,465 149,115 39,511 108,313 581,129 223,647 38,652 77,531 105,961 212,539 568,505 ll4o,329 218,788 438,854 39,698 17,158 5,525 7 31,172 8,035 45,608 129,124 125,028 353,976 670,810 1899,166 258,161 730,891 — — 588,509 2555,351 25,521 38,366 614,030 2593,717 10,955 — — 31,322 -* — *"• — w — Total UvS-.Government Securities i 20,528,837 1415,258 4,786,980 1365,188 1902,941 1326,286 1099,607 3113,157 1130,519 635,142 952,600 931,906 1869,253 Total loans and ^securities 20,600,189 1417,943 4,811,977 1373,067 1906,4l4 1329,236 1105,139 3121,192 1141,819 635,928 956,315 931,906 1869,253 1 7,844 166,153 2,003 9,772 1 3,505 112,818 1,117 4,669 1 6,270 189,859 2,639 7,409 1 7,230 159,996 680 6,865 Due from foreign banks 24 F.R„ notes of other banks 133,051 Uncollected items 3,535,883 Bank premises 37,751 Other assets 154,901 TOTAL ASSETS 2 5,300 297,926 1,078 10,441 1/ 7 20,473 617,375 7,675 35,494 2 5,595 210,422 2,926 10,015 2 7,409 346,712 4,791 14,380 1 23,373 307,486 2,883 9,842 1 14,446 235,821 1,723 8,119 3 15,652 599,457 4,438 23,921 2 15,954 291,858 5,798 13,974 46,371,937 2543,390 12,609,420 2796,696 3806,64i 2719,635 2294,932 7966,799 1968,958 1159,854 1952,071 1731,663 4821,878 1/ After deducting $17,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 13, 1950 (in thousands of dollars) New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. 5,295,148 1669,484 2119,271 1627,764 1270,01+1 4527,043 1093,280 607,655 916,080 Dallas SanFran. 641,805 2342,393 5,956,322 70,130 1/294,748 232,639 789,841 1238,214 34,638 45,726 72,840 82,856 1,295 5,386 695,168 36,044 45,525 3,746 714,715 2703,542 29,657 51,103 38,241 125,649 934 1,783 632,346 28,265 32,778 6,66l 385,327 30,318 22,763 1.122 776,244 28,309 33,689 1,120 842,956 2025,236 28,552 32,920 31,868 81,047 624 33,292 803,157 249,866 6,553,839 493,021 898,614 1372,182 158,157 232,009 780,483 263,363 783,547 2882,077 201,026 431,727 700,050 139,352 439,530 88,033 839,362 160,947 904,000 2172,495 151,069 223,279 682 4,282 t»44 304 428 H.4.1(c) Boston L I A B I L I T I E S Total Federal Reserve notes 23 ,542,564 11+32,600 Deposits: Member bank-reserve acct. 17,14.6/4.,677 704,766 U.S. Treasurer -general acct. 451,215 35,553 57,362 Foreign 919,366 5,476 Other 294,078 Total deposits 19,129,336 Deferred availability items 2,791,849 Other liabilities including accrued dividends 12,205 TOTAL LIABILITIES 45,475,954 Capital paid in 222,308 Surplus (Section 7) 488,173 Surplus (Section 13b) 27,543 Other capital accounts 157,959 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 46,371,937 Contingent liability on acceptances purchased for foreign correspondents 22,378 Commitments to make industrial loans 4,269 F.R. notes outstanding 24 ,402,602 Collateral for F.R. notes held by F.R. Agents: Gold certificates 13 ,824,000 Eligible paper 50,565 U.S. Govt, securities 11 ,250,000 Discounts and advances Industrial loans U.S. Govt, securities 541 467 4L4 1,049 2543,390 12,609,420 2796,696 3806,641 2719,635 2294,932 7966,799 1968,958 1159,854 1952,071 1731,663 4821,878 1,410 1479,496 806 559 828 242 500 609 458 54 5,482,263 1726,581 2199,376 1686,904 1346,550 4618,963 1137,738 618,900 500 945,113 2/7,026 1,790 2,037 1,119 940 3,088 783 1,992 1,906 680,848 2479,870 440,000 4,770,000 750,000 855,000 700,000 625,000 2730,000 350,000 210,000 280,000 214,000 1900,000 600 2,685 23,830 5,895 — 2,540 — — 11,300 3,715 1100,000 800,000 1000,000 1350,000 1000,000 750,000 1900,000 900,000 450,000 700,000 500,000 800,000 l6 to 30 days 15 days 2,120 65,495 123 33 522,422 2,380,715 l/ 2/ ^ 1,065 2486,305 12,346,290 2726,929 3724,527 2672,151 2255,081 7842,672 1933,126 1135,522 1916,817 1697,318 4739,216 12,218 73,142 15,654 20,482 9,781 8,855 28,573 7,332 4,972 8,161 9,518 25,620 30,778 148,149 38,205 45,957 23,779 21,194 72,029 19,118 12,494 18,045 15,873 42,552 3,on 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 11,078 34,520 11,419 14,669 10,575 9,040 22,096 8,861 5,793 7,911 7,647 14,350 Within Total 69,037 2,315 20,528,837 674 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 91 days to 6 months El to 31 to 6 months to 1 year 60 days 90 days 650 772 l6l 708 19 89 12,273,268 368,574 313,533 1 to 2 years 544 After deducting $62^,60$,000 participations of other Federal Reserve Banks• After deducting $ 15*352,000 participations of other Federal Reserve Banks, t ^ <• j* » V jK 2 to 5 years 638 1,373,725 Over 5 years ,296,600
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