The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) February 9, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended February 8 member bank reserve balances decreased million. The reduction in member bank reserves resulted from decreases of $474 million in Reserve Bank credit and $50 million in gold stock and an increase of $57 million in money in circulation, offset in part by decreases of $271 million in Treasury deposits with Federal Reserve Banks, $40 million in nonmember deposits and other Federal Reserve accounts and $5 million in Treasury cash. Excess reserves of member banks on February 8 were estimated to be approximately $820 million. $267 Holdings of loans, discounts and advances decreased $233 million and of United States Government securities $199 million, the latter change reflecting decreases of $134 million in bonds, $58 million in bills and $27 million in certificates, and an increase of $20 million in notes. Changes in member bank reserve balances and related items during the week and the year ended February 8, 1950 were as follows: Increase or decrease since Feb. 8, 1950 Feb. 1, 1950 Feb. 9, 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 17,656 Total Reserve Bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 265 225 -199 -233 - 42 -4,694 27 + 31 18,146 24,345 4,598 -474 - 50 - 1 .4,690 + 66 + 11 16,265 -267 1,313 + 57 - 5 2,159 - 40 -3,332 - 572 14 -1,064 + 369 26,985 366 -271 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Feb. 8, 1950 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Feb. 1, 1950 - 36,001 Feb. 9, 1949 + 166,000 22,584,^31 540,030 23,124,461 - 3,213 - 39,214 + 83,349 82,651 Other cash 333,040 - 31,083 - 24,021 Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 223,296 -232,416 + 27,859 1,318 3,703,972 6,305,350 677,500 6,968,900 - 57,710 + 19,700 -134,400 -1,583,069 - 262,919 + 287,950 -3,136,225 17,655,722 -199,410 _4,694,263 17,881,140 38 -431,838 -4,720,804 - 13,369 -144,374 + + - 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 2,122 116,761 2,404,124 34,295 111,453 12 - 27,000 + 166 + 1,380 11 24,293 71,795 2,034 52,885 44,005,312 -658,332 -4,665,534 22,929,355 + 18,173 - 629,367 16,265,341 -266,263 -270,746 - 12,750 - 33,354 -503,H3 -3,331,571 -1,064,360 + 186,047 + 70,481 -4,139,403 + 41,362 + 550 2,003 -4,729,411 138 + 11,086 + 21,462 366,070 904,273 527,896 10,063,500 2,139,636 8,799 43,141,370 214,077 488,173 27,543 134,149 44,005,312 56.4# 7,529 1,799 -101,695 -666,085 + 7,615 -650,332 + 31,329 -4,665,534 6.0# .7# 1,017 62 + + 4,173 63 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 8, 1950 (In thousands of dollars) A S S E T S Phila. New York Cleve. Rich. Atlanta Total Boston 22,584,431 843,787 540,030 50,661 46,335 47,424 58,179 49,174 Total gold certificate 23,124,461 reserves 894,448 7,290,466 1272,836 1614,702 1100,822 30,958 333,040 Other cash 223,296 10,182 Discounts and advances 2,122 Industrial loans U. S. Govt, securities Bills ' 3,703,972 255,352 6,305,350 434,691 Certificates 46,707 677,500 Notes 6,968,900 480,435 Bonds 62,755 76,440 22,367 5,594 1,919 25,865 28,126 1 21,008 9,996 103 22,067 4,741 863,366 246,318 419,312 45,054 463,439 343,343 584,481 62,801 645,990 239,299 407,363 43,771 450,233 198,400 337,739 Gold certificates Redemption fund for F. R. notes T °S^t;SYerment securities Chicago St.Louis Dallas SanFran. 649,979 2662,194 688,128 471,083 849,791 80,914 42,628 22,211 34,533 1049,955 4411,786 730,756 493,294 884,324 50,305 52,408 15,747 5,305 5,983 3,232 99 11,888 561,700 204,315 347,809 37,372 384,411 114,597 195,082 20,961 215,610 7,244,131 1225,412 1556,523 1051,648 1010,883 4330,872 1,469,727 157,920 1,624,395 Minn. Kans.Cy. 39,072 956,194 36,290 102,741 373,282 1056,820 26,903 41,996 676,882 2704,190 9,259 16,431 2,136 47,666 15,877 171,875 168,142 31,438 323,378 30,755 316,353 337,265 574,133 61,690 634,554 292,587 286,232 17,655,722 1217,185 4,115,408 1174,123 1636,615 1140,666 945,711 2677,455 973,907 546,250 819,278 801,482 1607,642 17,881,140 1227,367 4,191,848 1181,636 1664,742 1150,765 950,452 2729,863 979,212 549,581 828,537 803,618 1623,519 I s ^ l l 4 1 4 4 it 11 4 1111111:111 TOTAL ASSETS 44,005,312 2358,002 12,021,699 2647,603 l/ 3539,284 2509,048 2222,229 7606,605 1870,162 1128,329 1872,294 1628,766 After deducting $26,000 participations of other Federal Reserve Banks. 4601,291 c H.4»l( ) Boston Total L I A B I L I T I E S Federal Reserve notes 22,929,355 1361,368 Deposits: Member bank-reserve acct. 16,265,34l 684,394 23,626 U.S.Treasurer-general acct, 366,070 Foreign 9024.# 2 73 56,662 2,886 Other 527,896 Total deposits 18,063,580 Deferred availability items 2,139,636 Other liabilities including accrued dividends 8,799 TOTAL LIABILITIES 43 ,141,370 Capital paid in 214,077 Surplus (Section 7) 488,173 Surplus (Section 13b) 27,543 Other capital accounts 134,149 TOTAL LIABILITIES AND 44,005,512 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 7,529 Commitments to make industrial loans 1,799 F.R. notes outstanding 25 ,764,551 Collateral for F.R. notes held by F.R. Agents; Gold certificates 14 ,249,000 Eligible paper 92,732 U.S. Govt, securities 10 ,700,000 Discounts and advances Industrial loans U.S. Govt, securities Total 223,296 2,122 17,655,722 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 8, 1950 (In thousands of dollars) New York Phila. CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. 5,232,823 1596,691 2008,034 1534,375 1267,959 14+26,323 1064,318 604,847 907,704 619,831 2305,082 5,321,667 75,257 1/287,266 465,849 23,011 21,447 81,845 4,782 44,970 2,505 692,430 2567,945 22,488 43,918 37,775 124,117 667 1,890 851,900 1261,415 737,759 753,360 2737,,870 753,715 1151,777 24,828 71,952 1,405 668,837 Dallas SanFran. 594,933 20,231 32,378 7,179 390,545 25,931 22,485 1.685 755,520 18,432 33,278 1,862 791,843 1891,735 36,673 30,228 31,479 80,066 790 36,596 654,721 809,092 121,521 860,785 2058,425 115,331 179,649 767,568 173,088 6,150,039 379,228 130,714 189,666 190,808 162,276 321,782 116,508 440,646 59,065 601 2,242 505 920 544 592 1,603 522 m. 2302,625 11,764,332 2579,810 3460,035 2463,486 2185,987 7487,578 1855,869 1104,877 12,072 72,910 15,285 19,882 9,370 8,51*4 27,316 7,106 4,852 50,778 148,149 38,205 45,957 25,779 21,194 72,029 19,118 12,494 1,006 762 521 1,073 1,429 5,011 4,489 7,519 3,349 18,253 9,064 5,053 12,404 7,548 7,742 9,516 28,989 9,814 31L 708 1858,642 1596,265 4525,864 8,699 7,596 18,045 1,137 6,874 15,873 1,307 6,622 20,445 42,552 2,140 12,290 2358,002 12,021,699 2647,605 5559,284 2509,01$ 2222,229 7606,605 1870,162 1128,329 1872,294 1628,766 4601,291 474 2/2,365 6,446 1100,000 685 577 516 1,059 271 88 500 5,399,268 1646,819 2098,268 1603,945 1521,555 4528,642 1107,052 571 1450,784 440,000 605 497 ,, . 206,081 1 1,022,150 l/ 2/ 675,000 2950,000 — —— 700,000 1600,000 400,000 5,170 800,000 614,164 933,358 128 661,520 2419,576 210,000 280,000 204,000 2000,000 1,750 450,000 7,065 700,000 — 500,000 MATURITY DISTRIBUTION OF LOAMS AND SECURITIES 1 to 2 2 to 5 6 months 61 to 91 days to 31 to years years 60 days 6 months to 1 year 50 days 90 days 9,570 7,555 — m 10 12 65 91 1,088 185 672 1,517,737 859,051 2,729,500 2,954,150 126,800 2,253,600 1,349,984 After deducting $616,989,000 participations of other Federal Reserve Banks. After deducting $5,166,000 participations of other Federal Reserve Banks. 16 to 670 264 279 15 4,670,000 750,000 1000,000 670,000 57,820 850 — 7,051 900,000 1000,000 1150,000 1000,000 Within 15 days 188 8,600 800,000 Over 5 years 4,862,700
@FedFRASER