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BOARD OP GOVERNORS dp THE FEDERAL RESERVE SYSTEM H.4.1 (Po£ Immediate R e l e a s e ) Dec. 21, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During t h e week ended December 20, member bank r e s e r v e b a l a n c e s decreased $49 m i l l i o n . Reductions i n member bank r e s e r v e s r e s u l t e d from i n c r e a s e s of $234 m i l l i o n i n T r e a s u r y d e p o s i t s w i t h F e d e r a l Reserve Banks, $170 m i l l i o n i n money i n c i r c u l a t i o n , and $39 m i l l i o n i n nonmember d e p o s i t s and o t h e r F e d e r a l Reserve a c c o u n t s , and a d e c r e a s e of $130 m i l l i o n i n gold s t o c k , o f f s e t i n p a r t by i n c r e a s e s of $520 m i l l i o n i n Reserve Bank c r e d i t and $2 m i l l i o n i n T r e a s u r y currency o u t s t a n d i n g , and a d e c r e a s e of $3 m i l l i o n i n Treasury cash h o l d i n g s . Excess r e s e r v e s of member banks on December 20 were e s t i m a t e d t o be approximately $930 m i l l i o n . Holdings of l o a n s , d i s c o u n t s and advances d e c r e a s e d $15 m i l l i o n and of United S t a t e s Government s e c u r i t i e s $302 m i l l i o n , t h e l a t t e r change r e f l e c t i n g decr ea s es of $287 m i l l i o n i n bonds and $106 m i l l i o n i n b i l l s , and an i n c r e a s e of $91 m i l l i o n i n n o t e s . Changes i n member bank r e s e r v e b a l a n c e s and r e l a t e d items during the week and t h e year ended December 20, 1950, were a s f o l l o w s : I n c r e a s e or decrease since Dec. 20, 1950 Dec. 13, 1950 Dec. 21 1949 ( I n m i l l i o n s of d o l l a r s ) U. S. Government s e c u r i t i e s Loans, d i s c o u n t s and advances Other Reserve Bank c r e d i t 20,227 56 1,581 -302 - 15 +837 +1,689 74 + 741 T o t a l Reserve Bank c r e d i t Gold stock Treasury currency o u t s t a n d i n g 21,864 22,796 4,630 +520 -130 + 2 +2,356 -1,631 + 35 Member bank r e s e r v e b a l a n c e s Money i n c i r c u l a t i o n Treasury cash h o l d i n g s Treasury d e p o s i t s w i t h F. R. Banks Nonmember d e p o s i t s and o t h e r F . R. 17,416 27,929 1,291 685 1,968 - 49 +170 - 3 +234 + 39 +1,079 + 96 18 - 342 55 H,4,l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) I n c r e a s e or decrease since ASSETS Gold c e r t i f i c a t e s Redemption f u n d f o r F . R, n o t e s T o t a l gold c e r t i f i c a t e r e s e r v e s Other cash Discounts and advances I n d u s t r i a l loans U. S. Govt, s e c u r i t i e s : Bills Certificates Notes Bonds T o t a l U. S. Government securities —— T o t a l loans and s e c u r i t i e s Due from f o r e i g n banks F. R. n o t e s of o t h e r banks Uncollected items Bank premises Other a s s e t s TOTAL ASSETS Dec..20, 1950 + - 1^0,002 10,001 130,001 220,771 - 8,065 •f 11,238 51,032 2,399 - 15,005 - 73,722 410 745,571 2,3^4,195 12,613,996 4,532,87 5 - - 90,478 286,778 3,843,576 3,815,755 +12,051,796 - 2,704,125 20,226,637 - 302,200 + 1,688*340 20,283,068 24 139,914 4,503,601 38,019 115,058 w 317,121 + 6,863 967,718 4268 39,843 + + 1,615,028 15 12,970 1,230,598 4,628 19,450 46,851,756 + 479,819 + 1,268,975 23,706,590 + 164,026 + 73,525 17,415,924 685,435 900,201 307,626 19,309,186 2,923,082 - 48,753 234,220 19,165 13,548 179,850 131,233 + + 1,078,596 342,030 157 , 685 216,742 677,509 489,973 + 3,738 1,237,269 + + 15,994 21,462 11,469 45,950,327 CAPITAL ACCOUNTS Capital paid in — Surplus ( S e c t i o n 7) Surplus ( S e c t i o n 13b) Other c a p i t a l , accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 224,799 488,173 27,543 160,914 46,851,756 Dec. 21 1949 20,982,1+03 568,898 21,551,301 L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member b a n k - r e s e r v e account U. S. T r e a s u r e r - g e n e r a l account Foreign Other Total deposits D e f e r r e d a v a i l a b i l i t y items Other l i a b i l i t i e s i n c l u d i n g accrued dividends TOTAL LIABILITIES R a t i o of gold c e r t i f i c a t e r e s e r v e s to d e p o s i t and F, R. n o t e l i a b i l i t i e s combined Contingent l i a b i l i t y on a c c e p t a n c e s purchased f o r foreign correspondents Commitments t o make i n d u s t r i a l loane Dec,13, 1950 50.1# 22,035 4,190 + + + + 736 474,373 + 2,491 * + + - + , + — -*• + + * m 1,640,027 15,105 1,624,922 m > * + 105,900 + + + - 8h — + 4- 2,955 479,819 *7% 343 79 «»•••» - + 5,750 1,268,975 - 4.7# + 11,474 1,902 + H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 20, I95O ( I n thousands of d o l l a r s ) ASSETS Total Boston 20,982,403 788,757 568,898 54,150 Total gold c e r t i f i c a t e reserves 21,551,301 842,907 Gold c e r t i f i c a t e s Redemption f u n d f o r F . R. n o t e s New York Phila. Cleve. Rich. 6,725,120 1136,480 1490,896 958,157 Atlanta Chicago S t . L o u i s Mpls. Kans.Cy. D a l l a s SanFran. 899,552 4021,891 605,027 385,254 758,432 100,519 40,784 21,496 35,084 939,250 4122,410 645,811 406,750 11,974 9,415 5,006 4,450 186 9,616 1,565 41,128 128,757 695,801 250,037 23,067 72,218 390,265 140,242 34,596 108,313 585,327 210,340 67,889 33,845 105,961 212,539 572,612 1148,567 205,770 412,742 T o t a l U. S . Government securities 20,226,637 1394,423 4,714,667 1345,091 1874,928 1306,762 1083,421 3067,329 1115,723 625,792 938,576 918,188 1841,737 T o t a l l o a n s and securities 4,724,479 1354,142 1886,451 1308,084 1083,903 ;3072,929 :1125,138 630,428 940,141 918,188 1841,937 1 3,565 119,912 1,117 3,385 l 7,953 245,348 2,639 5,582 1 7,197 210,942 687 5,082 Other cash 220,771 Discounts and advances 54,032 I n d u s t r i a l loans 2,399 Uu S . Govt, s e c u r i t i e s Bills 745,571 Certificates 2,334,195 'Notes 12,613,996 - Bonds 4,532,875 51,398 160,919 869,609 312,497 20,283,068 :1397,248 Due from f o r e i g n banks 24 F . R . n o t e s of o t h e r banks 139,914 U n c o l l e c t e d items 4,503,601 Bank premises 38,019 Other a s s e t s 115,058 TOTAL ASSETS 23,445 2,825 2 5,061 373,675 1,078 7,707 41,559 50,893 67,513 53,315 6,766,679 1187,373 1558,409 1011,472 38,967 9,785 27 173,787 544,082 2,940,222 1,056,576 1/ 7 21,032 862,481 7,675 25,960 20,696 11,522 1 14,273 1,200 122 69,111 49,581 155,228 216,370 838,843 1169,267 301,439 420,180 48,168 150,804 8l4,94o 292,850 15,005 6,995 2,056 2 6,735 277,966 2,926 7,371 2 8,085 460,598 4,783 10,911 l 22,541 374,010 2,871 7,236 39,698 13,629 475 7 27,329 5,600 mm mm mm 39,937 113,064 125,028 353,976 675,656 1912,887 242,800 687,402 1 12,460 270,019 1,723 5,911 3 18,839 791,230 4,642 17,970 1 7,760 189,010 2,003 7,579 615,466 2597,371 25,521 38,366 793,516 ,640,987 2635,737 11,175 mm mm mm 29,656 200 mmwmmm 2 18,686 328,410 5,875 10,364 46,851,756 2651,123 12,447,280 2851,520 3949,935 2740,488 2326,896 8055,352 1989,276 1170,164 2004,796 1794,259 4870,667 l / A f t e r deducting $17,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. H.U.l(c) Boston L I A B I L I T I E S Total F e d e r a l Reserve n o t e s 2 3 , 7 0 6 , 5 9 0 1442,382 Deposits: Member "bank-reserve a c c t . 1 7 , 4 1 5 , 9 2 4 792,339 U . S . T r e a s u r e r - g e n e r a l a c c t . 685,435 49,713 Foreign 900,201 56,039 Other 307,626 6,577 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 20, 1950 ( I n thousands of d o l l a r s ) New York Phila. Cleve. R i c h . A t l a n t a Chicago S t , L o u i s Mpls. Kans.Cy. D a l l a s SanFran, 5,343,595 1683,092 2131,880 1639,713 1286,938 4557,534 1103,620 611,806 920,995 644,959 2340,076 5,614,607 805,679 1297,141 704,472 717,947 2678,799 640,826 386,938 809,027 894,393 2073,756 151,154 53,683 54,400 32,993 4l,3l8 119,090 42,434 37,534 28,018 36,694 38,404 1/289,990 71,160 80,944 44,475 37,359 122,751 32,022 22,238 32,912 31,133 79,178 241,684 2,460 5,914 2,713 745 3,084 5,693 1,232 339 580 36,605 Total deposits 19, 309,186 904,668 6,297,435 932,982 1438,399 784,653 797,369 2923,724 720,975 447,942 870,296 962,800 2227,943 538,456 164,829 294,531 267,963 202,069 447,511 128,255 85,703 177,670 151,480 218,455 D e f e r r e d a v a i l a b i l i t y items 2, 923,082 246,160 Other l i a b i l i t i e s i n c l u d i n g accrued dividends 11,469 715 3,715 613 1,196 439 1,887 446 381 288 349 483 957 4787,431 23,905 42,552 2,140 14,639 8 8 0 0 0 0 H O 45,950,327 2593,925 12,183,201 2781,516 3866,006 2692,768 2286,822 7930,656 1953,231 1145,739 1969,310 1759,722 TOTAL LIABILITIES 224,799 12,224 73,444 15,675 21,995 9,809 8,913 28,656 7,376 4,973 8,263 9,566 Capital paid in 488,173 30,778 148,149 38,205 45,957 23,779 21,194 72,029 19,118 12,494 18,04$ 15,873 S u r p l u s ( S e c t i o n 7) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 S u r p l u s ( S e c t i o n 13b) Other c a p i t a l a c c o u n t s 160,914 11,185 35,167 11,635 14,971 10,783 9,205 22,582 9,030 5,-885 8,041 7,791 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 46,851,756 2651,123 12,447,280 2851,520 3949,935 2740,488 2326,896 8055,352 1989,276 1170,164 2004,796 1794,259 4870,667 C o n t i n g e n t l i a b i l i t y on acceptances purchased f o r foreign correspondents 926 3,041 22,035 1,388 2/ 6,919 1,763 2,005 1,102 793 551 815 771 1,961 Commitments t o make 242 i n d u s t r i a l loans 500 — 500 --1,906 4,190 --y530 _)W y-r -y v/v -Vw -t-, 458 54 F.R. notes outstanding 24,540,757 1493,532 5,512,232 1736,051 2206,003 1696,772 1360,755 4652,315 1146,773 621,901 951,419 684,108 2478,896 C o l l a t e r a l f o r F.R. notes h e l d by F . R . A g e n t s : Gold c e r t i f i c a t e s 13,804,000 440,000 4,770,000 750,000 865,000 700,000 625,000 2700,000 350,000 210,000 280,000 214,000 1900,000 E l i g i b l e paper 1,565 — 200 1,000 4,450 — 9,4l5 2,825 34,585 8,135 6,995 U . S . Govt, s e c u r i t i e s 000 1350,000 1015,000 750,000 2000,000 900,000 450,000 700,000 500,000 800,000 11,365,000 1100,000 D i s c o u n t s and a d v a n c e s I n d u s t r i a l loans U.S. Govt, s e c u r i t i e s Total 54,032 2,399 20,226,637 Within 15 days 51,845 77 2,419,146 16 t o 30 days MATURITY DISTRIBUTION OF LOANS AND SECURITIES 6l t o 91 days t o 6 months 31 t o 6 months t o 1 year 90 days 60 days 1,265 56 91,713 750 19 358,699 172 160 210,208 —— — — 102 788 11,958,168 1 to 2 years 2 to 5 years —— 560 - - 637 1,786,503 l / A f t e r d e d u c t i n g $610,197,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 2 / A f t e r d e d u c t i n g $15,116,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 1 ' Over 5 years 3,402,200
@FedFRASER