The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD H.4.1 OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM • (For Immediate Release) January 12, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended January 11 member bank reserve balances decreased $3&9 million. Reductions in member bank reserves resulted from a decrease of $827 million in Reserve Bank credit and an increase of $78 million in nonmember deposits and other Federal Reserve accounts, offset in part by decreases of $292 million in Treasury deposits with Federal Reserve Banks, $240 million in money in circulation, and $6 million in Treasury cash. Excess reserves of member banks on January 11 were estimated to be approximately $1,090 million. Holdings of loans, discounts and advances increased $4 million while holdings of United States Government securities decreased $599 million, the latter change reflecting decreases of $6ll million in bills, $47 million in bonds, and $1 million in notes, and an increase of $60 million in certificates. Changes in member bank reserve balances and related items during the week and the year ended January 11, 1950 were as follows: Increase or decrease since Jan. 11, 1950 Jan. 4, 1950 Jan. 12, 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 18,230 Total Reserve Bank credit Gold stock Treasury currency 18,644 24,426 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 16,686 101 313 4,596 27,311 1,313 255 2,101 -599 + 4 -232 -4,235 - 264 -827 - 1 - 1 -4,549 + 173 .369 -240 - 6 -292 + 78 . + 50 10 -3,419 - + 608 10 684 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Jan. 11, 1950 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves + 25,000 + 3,858 21,142 + 81,592 200,400 295,421 + 32,923 - 30,215 98,467 2,046 + 3,193 9 + 265,729 1,206 4,167,480 6,336,450 + 611,767 61,000 - 684,459 Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 560,700 7,165,200 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 18,681 - 47,000 + 37,400 -3,607,157 18,229,830 - 599,267 -4,235,535 18,330,343 38 156,971 2,532,092 33,870 97,183 - 596,083 -4,500,058 2,293 461,201 137 5,172 + - 44,639,422 -1,000,203 -4,527,286 23,247,673 - 192,357 - 16,685,676 - 369,441 -3,419,796 - 684,663 836,336 - 292,068 + - 77,970 733 504,272 230,031 -3,067,499 71,077 9,322 43,797,714 + 79 -1,006,581 -•4,596,671 212,536 488,173 27,543 - 113,456 44,639,422 + 790 + 545,184 18,321,904 2,218,735 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 + 1,500 254,788 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 + 282,000 22,645,431 548,073 23,193,504 Other cash + + + 5,588 -1,000,203 1.1# 55.8% 9,471 1,9^2 6 \ Jan. 12, 1949 Jan. 4, 1950 337 7 11 24,483 120,258 1,527 54,196 655,587 + 165,158 + 71,802 - + 2,508 10,520 21,462 + 37,403 -4,527,286 5.9# 6,114 305 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 11, 1950 (In thousands of dollars) A S S E T S °r 850,732 548,073 $1,068 Total gold certificate reserves 23,193,504 °secT^itie8 VerPmePt ^securities'""" Cleve. Rich. Atlanta 7,373,063 1207,289 1552,765 1042,278 48,174 48,198 58,679 50,791 Chicago St.Louis 984,599 4383,980 **53,496 835,319 642,856 2646,l6l 34,675 901,800 7,421,237 1255,487 1611,444 1093,069 1024,124 4466,492 715,689 475,773 869,994 16,262 5,459 6,005 1,808 77 12,566 3,327 19,028 6,389 1,865 21,968 15,085 1 23,599 6,776 103 971,406 1,476,975 130,695 1,670,152 277,142 421,381 37,287 476,492 386,309 587,363 51,975 664,185 269,244 409,372 36,225 462,915 27,008 2,919 82,512 Dallas SanFran. 22,277 51,711 26,251 39,525 672,893 Minn. Kans.Cy. 42,796 29,055 295,421 Other cash 98,467 9,099 Discounts and advances 2,046 Industrial loans U. S. Govt, securities: 4,167,480 287,306 Bills 6,336,450 436,834 Certificates 38,655 560,700 Notes 7,165,200 493,969 Bonds T Phila. 36,955 12,885 42,322 2688,483 16,031 2,391 35,233 6,078 223,227 631,990 229,882 128,938 193,383 189,183 379,470 339,406 960,910 349,525 196,044 294,031 287,643 576,966 51,054 26,018 25,453 17,347 30,929 30,033 85,029 652,427 325,264 221,684 332,487 383,797 1086,588 395,240 18,229,830 1256,764 4,249,228 1212,302 1689,832 1177,756 976,463 2764,517 1005,576 564,013 845,919 827,543 1659,917 18,330,343 1265,863 4,275,479 1220,556 1704,918 1184,635 979,382 2777,402 1011,035 $65,898 849,246 829,934 1665,995 i : i lel'd ziod i l p 3 Z TOTAL ASSETS 27,056 I f 22,645,431 New York & ^ ^ n o t e s ^ Boston SO Gold certificates Total 4 1 44,639,422 24o4,o86 12,272,298 2683,441 3570,538 2552,264 2249,285 7710,225 1902,180 1130,070 1897,327 1645,911 4621,797 1/ After deducting $26,000 participations of other Federal Reserve Banks. H.4.1(c) Total Boston L I A B I L I T I E S 23,247,673 1379,445 Federal Reserve notes Deposits: Member bank-reserve acct. 16,685,676 713,803 23,167 U.S.Treasurer-general acct. 254,788 52,548 Foreign 836,336 5,715 545,184 Other Total deposits 18,321,984 Deferred availability items 2,218,735 Other liabilities including 9,322 accrued dividends STATEMENT OF CONDITION OF THE FEDERAL RESERVE- BANKS OS JANUARY 11* 1950 (In thousands of dollars) Minn. Kans.Cy. New York Phila, Cleve. Rich. Atlanta Chicago St.Louis 5,341,131 1617,371 2037,685 1561,901 1277,273 4467,115 1079,480 608,461 914,344 Dallas SanFran. 630,124 2333,343 5,503,467 772,060 1173,703 37,892 21,719 22,014 1/264,123 66,728 75,903 ~ 475,908 1,965 5,865 689,491 16,267 41,705 5,322 688,252 2650,664 26,807 21,005 35,032 115,106 990 2,067 612,192 15,847 30,028 6,606 392,691 17,337 20,853 1,647 769,219 13,204 30,862 155 828,717 1891,417 16,093 23,436 29,194 74,254 l,26l 37,683 862,472 1277,485 136,826 177,133 752,785 192,884 751,081 2788,842 183,598 336,900 664,673 124,527 432,528 66,060 813,440 136,635 875,265 2026,790 108,822 185,615 401 325 383 795,233 174,883 6,281,390 394,852 634 2,551 485 1,004 545 404 1,558 321 711 llirililllPlllllll! TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND 44,639,422 2404,086 12,272,298 2683,441 3570,538 2552,264 2249,285 7710,225 1902,180 1130,070 1897,327 1645,911 4621,797 CAPITAL ACCOUNTS Contingent liability on acceptances purchased 843 331 350 237 341 398 1,307 862 473 758 2/2,974 for foreign correspondents 9,471 (p 597 /// Commitments to make ±63 695 557 15 — 54 500 industrial loans 1,9^ — 619,430 942,227 678,518 2463,42$ 24,210,663 1448,901 5,567,665 1668,971 2127,991 1634,710 1350,590 4587,832 1120,399 F.R. notes outstanding Collateral for F.R. notes held by F.R. Agents: 210,000 280,000 204,000 2000,00( 14,319,000 440,000 4,670,000 750,000 1000,000 670,000 675,000 3020,000 400,000 Gold certificates 800 100 4,465 925 . —2,86l 3,0.0 Eligible paper 16,947 4,796 500,000 800,00( 700,000 4 5 0 , 0 0 0 10,800,000 1100,000 1,000,000 1000,000 1150,000 1000,000 700,000 1600,000 800,000 U.S. Govt, securities MATURITY DISTRIBUTION OF LOANS AND SECURITIES Over 2 to ; 1 to 2 31 to 61 to 91 days to 6 months 16 to Within 5 years years years 60 days 90 days 6 months to 1 year 30 days' 15 days Total 55,352 6,633 7,126 29,351 957557 Discounts and advances 12 16 108 940 183 665 95 27 2,046 Industrial loans 2,019,234 1,559,987 2,720,500 2,860,950 —2,253,600 5 , 0 5 9 , 0 0 0 866,225 890,334 18,229,830 U.S. Govt, securities 1/ After deducting $ 5 7 2 , 1 9 2 , 0 0 0 participations of other Federal Reserve Banks. 2 / After deducting $ 6 , 4 9 7 , 0 0 0 participations of other Federal Reserve Banks.
@FedFRASER