The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) Deo. 28, 1950 CONDITION OF THE FEDERAL RESERVE BANKS 'luring the week ended December 27, member bank reserve balances decreased $2l|2 m i l l i o n . Reductions i n member bank reserves r e s u l t e d from a decrease of $lli4 m i l l i o n i n Reserve Bank c r e d i t and i n c r e a s e s of $101 m i l l i o n i n Treasurydeposits w i t h Federal Reserve Banks, $7 m i l l i o n i n nonmember deposits and other Federal Reserve accounts, and $>4 m i l l i o n i n Treasury cash h o l d i n g s , o f f s e t i n part by a decrease of $13 m i l l i o n i n money i n c i r c u l a t i o n . Excess reserves of member banks on December 27 were estimated to be approximately $790 m i l l i o n . Holdings of l o a n s , discounts and advances increased $2i±7 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 *110 m i l l i o n , the l a t t e r change r e f l e c t i n g increases of 0l2l|. m i l l i o n i n b i l l s and $56 m i l l i o n i n bonds, and a decrease of 170 m i l l i o n i n n o t e s . Changes i n member bank reserve balances and r e l a t e d items during the week and the year ended December 27, 1950, were as f o l l o w s : Increase or decrease since Dec. 27, 1950 Dec. 2 0 , 1950 Dec. 28, 1949 (In 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, discounts and advances Other Reserve Bank c r e d i t 20,337 303 1,079 +110 +21+7 -502 +1,548 + 159 + 633 Total Reserve Bank c r e d i t Gold stock Treasury currency outstanding 21,720 22,795 4,631 ~lll4 - 1 + 1 +2,341 -1,632 + 33 Member bank reserve balances Money in c i r c u l a t i o n Treasury cash holdings Treasury d e p o s i t s w i t h F. R. Banks Nonmember deposits and other F. R. accounts 17,174 27,916 1,295 78 6 1,975 -21,2 - 13 + 4 +101 + 7 + 875 + 151 19 - 201 64 STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) Increase or decrease since ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F. R. notes Total gold c e r t i f i c a t e reserves 20,972,106 575,528 2l.5U7.934 Dec. 28, 1949 Dec. 20, 1950 Dec. 27, 1950 - + 9,997 6,630 3,307 - 4- - 1,650,023 21,736 1,628,287 Other cash 226,600 + 5,829 4- 6,893 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 Total U. S. Government securities 300,837 2,397 + - 246,805 2 •f 4- 159,157 J4O8 869,886 2,33^,195 12,5^1,076 h,589,275 + 124,315 - + 69,920 56,400 20,337,^32 + 110,795 Total loans and s e c u r i t i e s Due from f o r e i g n banks F. R. notes of other banks Uncollected items Bank premises Other a s s e t s 20,640,666 2k 147,836 3,730,222 39,922 118,012 + 357,598 + 7,922 773,379 1,903 2,954 4* 1,708,300 15 4* 9,071 4* 940,193 45,860 417,183 1+6,451,216 w 4oc,54o 4* 1,059,498 23,707,119 + 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 d e p o s i t s Deferred 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 including accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold c e r t i f i c a t e r e s e r v e s to deposit and F. R. note l i a b i l i t i e s combined Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents Commitments to make i n d u s t r i a l loans 17,173,805 786,073 920,546 294,665 19,175,089 2,651,162 12,703 45,R! 6 , 1 0 3 224,987 488,173 27,543 l64,4l0 46,451,216 50.2% 21,647 3,690 3,867,861 3,923,255 +11,981,876 - 2,642,025 ~ - - + + + + - 4- 4- 559 242,119 100,638 20,3^5 12,961 134,097 271,920 1,234 404,224 188 4- 1,^8,735 4- 117,678 4- 875,064 200,677 157,273 222,770 608,890 307,555 - 4- ~ 44- 4,019 4- 1,030,10% - 44- 14,392 21,462 — 3,496 - 400,540 + 4• - .1% 388 500 ' 6,46o 4- 1,059,498 - 4.8# 4* 4- 11,180 1,351 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 27, 1950 ( i n thousands o f d o l l a r s ) H.4.1(b) A S S E T S 20,972,406 801,6)3 575,528 53,980 Total gold c e r t i f i c a t e reserves 21,547,9)4 855,613 Gold c e r t i f i c a t e s Redemption fund f o r F, R. n o t e s 2 2 6 , 6 0 0 -Other cash Discounts and advances 300,837 I n d u s t r i a l loans 2,397 IL S . Govt, s e c u r i t i e s : Bills 8 6 9 , 8 8 6 Certificates 2,334,195 Notes 12,544,076 4,589,275 T o t a l -g. S. Government securities T o t a l loans and * securities Phila. Cleve. 6,421,962 1156,757 1559,090 50,911 50,563 6,1+72,873 1207,320 22,598 3,425 41,629 153,530 27 58,109 160,919 861+,306 316,385 223,1+70 544,082 2,929,292 1,069,724 17,890 8,790 2,053 67,288 1 6 2 6 , 3 7 8 17,691 Rich. 948,869 51,788 1000,657 1 16,271 14,375 123 5 6 , 0 5 3 78,132 155,228 216,370 833,728 1162,137 305,189 425,408 54,456 150,801+ 809,970 296,495 2 1 , 2 9 6 Atlanta Chicago St.Louis 911,407 4268,675 Minn. Kans.Cy. Dallas 600,1+92 378,716 765,645 592,791 2 5 6 6 , 5 6 9 100,519 40,725 21.467 55,0)4 25,521 3 8 , 1 9 1 950,948 4569,194 61+1,217 400.185 800,679 618,512 2 6 0 4 , 5 6 0 11,774 4,789 1,150 186 9,295 5,590 9,681 255,149 72,218 587,885 141,987 39,112 108,315 581,758 212,957 58,265 105,961 569,121 208,529 59,541 16,405 12,575 7 51,127 17,606 4 5 , 1 4 8 1 2 7 , 8 2 2 125,028 553,976 6 7 1 , 5 5 6 1901,222 245,821 695,955 2 5 , 0 0 0 46,494 128,757 691,558 2 6 , 0 7 8 2 7 , 4 5 2 5 7 , 7 0 0 76,749 212,539 lU+1,565 417,878 2 0 , 3 ) 7 , 4 ) 2 1399,719 4 , 7 6 6 , 5 6 8 1350,198 1882,01+7 1311,723 1087,533 3078,975 1119,958 628,168 942,140 9 2 1 , 6 7 4 1843,729 20,61+0,666 1403,144 4 , 9 2 0 , 1 2 5 1 3 6 l , o 4 l 1903,344 1326,221 1099,915 3096,581 1144,958 6 2 9 , 5 0 4 947,730 9 2 1 , 6 7 4 1886,1+29 Due from f o r e i g n banks 24 F . R . n o t e s of other banks 1 4 7 , 8 ) 6 U n c o l l e c t e d items 3,730,222 Bank premises 39,922 Other a s s e t s 118,012 TOTAL ASSETS New York I Boston CO Total 1+6,1+51,216 2 4,947 302,373 1,073 8,192 1/ 7 241443 735,362 7,675 27,198 2 8,224 213,680 2,920 7 , 6 5 9 2 9,214 367,046 4,794 11,390 2597,942 12,229,312 2818,736 39)9,859 l/ 1 25,756 313,346 2,871 7,769 2 6 9 2 , 8 9 2 1 15,026 2)0,824 1,720 3 17,820 1 8 , 0 9 1 6 2 6 , 3 6 ) 171,284 5 , 0 6 3 3,1+93 6 , 1 6 3 17,926 6 , 3 1 8 2)21,002 8l61+,077 1 9 8 7 , 1 3 6 1 3 , 8 5 5 107,546 1,117 3,580 1 1 5 0 , 3 7 5 1 6,2)6 197,700 2 , 6 3 9 1 6,817 166,1*1*2 688 5 , 6 8 3 5 , 3 2 0 196^961 1 7 2 8 , 9 ) 5 A f t e r deducting $17,000 p a r t i c i p a t i o n s of other Federal Reserve Banks, 2 17,407 2 9 8 , 4 5 6 5 , 8 6 9 10,814 4 8 5 0 , 9 8 9 H.4.l(c) L I A B I L I T I E S Total Boston F e d e r a l Reserve n o t e s 23,707,149 1445,741 Deposits: Member b a n k - r e s e r v e a c c t . 17,173,80$ 715,216 88,930 U . S . T r e a s u r e r - g e n e r a l a c c t . 786,073 Foreign 920,546 57,733 Other 294,665 5,985 Total deposits 19,175,089 D e f e r r e d a v a i l a b i l i t y items 2,651,162 Other l i a b i l i t i e s i n c l u d i n g 12,703 accrued dividends STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 2?, 1950 ( i n thousands of d o l l a r s ) Mpls. Kans.Cy. New York Phila. Cleve. Rich. A t l a n t a Chicago S t . L o u i s 5,340,436 1683,294 2129,334 1635,812 1284,747 4563,243 1101,620 612,302 922,435 5,522,723 101,493 1/291,883 227,262 786,711 1271,299 38,795 137,433 73,312 83,393 2,220 8,620 694,967 40,043 45,820 1,347 6,143,361 937 4,168 689 1,343 519 45,546,103 2540,456 11,964,456 2748,497 3855,589 2644,907 TOTAL LIABILITIES 224,987 12,223 73,390 15,675 22,001 9,838 Capital paid in 488,173 30,778 148,149 38,205 45,957 23,779 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 S u r p l u s ( S e c t i o n 13b) 164,410 11,474 35,998 11,870 15,306 11,019 Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND 46,451,216 2597,942 12,229,312 2818,736 3939,859 2692,892 CAPITAL ACCOUNTS C o n t i n g e n t l i a b i l i t y on a c c e p t a n c e s purchased 21,647 1,364 2/ 6,797 1,732 1,970 1,082 f o r f o r e i g n correspondents Commitments t o make 458 54 i n d u s t r i a l loans 529 3,690 1499,573 5,500,272 1729,748 2210,124 1699,476 24,562,518 F.R. notes outstanding C o l l a t e r a l f o r F . R. n o t e s h e l d by F . R . Agents: 13,604,000 440,000 4,570,000 750,000 865,000 700,000 Gold c e r t i f i c a t e s 241,160 3,425 145,630 8,790 -13,875 E l i g i b l e paper 11,565,000 1100,000 1,000,000 1000,000 1350,000 1015,000 U.S. Govt, s e c u r i t i e s D i s c o u n t s 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 Total 300,837 2,397 20,337,432 48,033 38,489 447 149,827 126,463 2,066 39,896 32,990 5,974 382,140 30,391 22,910 1,157 785,499 37,911 33,907 268 832,973 2041,218 28,410 44,911 32,074 81,572 479 38,840 901,038 1500,745 782,177 791,615 3081,235 712,394 436,598 857,585 893,936 2206,541 476,491 163,476 224,167 226,399 203,830 392,584 136,475 76,594 153,846 151,323 220,063 867,864 225,914 Within 15 days 297,951 120 2,459,474 704,646 2802,879 633,534 D a l l a s SariFran. 648,402 2339,783 16 t o 30 days 1,726 8 123,900 l / After 2/ After 508 1,755 471 338 4ll 539 1,025 2280,700 8038,817 1950,960 1125,832 1934,277 1694,200 4767,412 9,601 23,936 8,954 28,697 7,397 4,984 8,291 21,194 72,029 19,118 12,494 18,045 15,873 42,552 1,307 2,i4o 762 1,429 521 1,073 1,137 7,954 14,949 9,392 23,105 9,140 5,992 8,211 2321,002 8164,077 1987,136 1150,375 1969,961 1728,935 4850,989 909 2,987 779 541 801 758 1,927 1,407 500 242 500 1368,845 4666,375 1143,100 623,873 950,754 685,571 2484,807 625,000 2700,000 350,000 210,000 280,000 214,000 1900,000 --25,000 1,150 5,590 37,700 750,000 2000,000 900,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 91 days t o 6 months 5 T to 31 t o t o 1 year 6 months 60 days 90 days 21 131 909 99 io4 18 798 125 11,881,248 118,900 508,807 deducting $628,650,000 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 deducting $14,850,000 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 1 to 2 years 558 2 to 5 years 666 1,786,503 Reserve Banks. Reserve Banks, Over 5 years 3,458,600
@FedFRASER