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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) January 19, 1950 CONDITION OF THE FEDERAL RESERVE BARKS During the week ended January 18 member bank reserve balances decreased $199 million. Reductions in member bank reserves resulted from a decrease of $261 million in Reserve Bank credit and increases of $126 million in Treasurydeposits with Federal Reserve Banks and $2 million in Treasury cash, offset in part by decreases of $190 million in money in circulation and $2 million in nonmember' deposits and other Federal Reserve accounts. Excess reserves of member banks on January 18 were estimated to be approximately $910 million. Holdings of loans, discounts and advances decreased $2 million and of United States Government securities $358 million, the latter change reflecting decreases of $379 million in bills, $31 million in bonds and $10 million in notes, and an increase of $62 million in certificates. Changes in member bank reserve balances and related items during the week and the year ended January 18, 1950 were as follows: "" Increase or decrease since Jan. 18, 1950 Jan. 11, 1950 Jan. 19, 19^9 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 17,872 99 412 Total Reserve Bank credit Gold stock Treasury currency 18,383 24,426 4,596 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with if. R. Banks Nonmember deposits and other F. R• accounts 16,487 27,121 1,315 381 2,099 -358 - 2 + 99 -261 -4,245 - 143 - 227 -4,616 + 162 + -199 -190 + 2 +126 - 2 10 -3,646 - 596 12 - 423 + 230 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Jan. 18, 1950 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities ~~ 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 + 277,001 22,645,431 548,073 23,193,504 326,143 96,627 2,101 Jan 19, 1949 Jan. 11, 1950 + 79,113 197,090 + 30,722 - 31,304 + + 144,880 1,284 1,840 55 3,788,387 6,398,450 550,700 7,134,150 -379,093 + 62,000 - 10,000 - 31,050 - 922,193 + 93,681 + 51,450 -3,468,717 17,871,687 -358,143 -4,245,779 17,970,415 38 162,840 2,969,348 34,023 -359,928 -4,389,375 11 - 27,616 - 211,585 101,520 + 5,869 +437,256 + 153 + 4,337 - 53,314 44,757,831 +118,409 -4,513,632 23,097,777 -149,896 - 638,863 16,486,793 381,293 909,639 469,936 16,247,661 2,557,117 -198,883 +126,505 , 8,171 43,910,726 - 1,151 +113,012 213,189 488,173 27,543 653 118,200 44,757,031 w + 73,303 - 75,248 - 74,323 M + 1,685 -3,645,718 - 422,503 + 194,654 81,900 -3,955,467 +338,382 + 15,260 2|glj» -4,501,084 + 10,910 + 21,462 + 4,744 + 35,880 +110,409 -4,513,632 6.0# .3# 56.1# 9,231 1 M mm . 240 58 + + 5,882 227 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 18, 1950 (In thousands of dollars) A S S E T S Total Boston 22,645,431 874,116 548,073 51,068 Total gold certificate 23,193,504 reserves 925,184 Gold certificates Redemption fund for F. R. notes 326,143 Other cash 96,627 Discounts and advances 1 2,101 Industrial loans U. S. Govt, securities " 3,788,387 Bills 6,398,450 Certificates 550,700 Notes 7,134,150 Bonds Phila. New York Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. 442,306 858,544 82,512 42,796 22,277 34,675 7,285,274 1270,193 1621,469 1103,333 1062,584 4427,995 749,196 464,583 893,219 42,597 16,097 17,101 2,633 6,127 1,720 77 14,333 5,048 17,102 2,268 38,807 5,767 202,921 574,501 208,971 352,945 30,377 393,527 117,209 197,962 17,038 220,723 175,792 296,907 25,554 331,047 171,974 290,457 24,999 323,855 344,952 582,611 50,144 649,600 2710,206 985,820 552,932 829,300 811,285 1627,307 , ^ ^ ^ . 834,348 813,553 1633,074 48,198 48,174 59,580 24,332 21,704 5,639 1,922 261,171 441,109 37,965 883,043 1,491,427 128,364 1,662,913 251,932 425,504 36,622 474,427 58,679 50,791 27,338 16,877 1 25,082 4,501 101 351,168 593,110 244,753 413,379 35,578 51,048 39,525 25,994 2,772 —-- 342,726 29,498 970,313 83,513 661,308 460,908 382,134 1081,879 Total U.S.Government securities 17,871,687 1232,074 4,165,747 1188,485 1656,634 1154,618 957,279 Total loans and securities"— 17,970,415 1241,047 4,190,079 1196,046 1673,512 1159,220 960,051 2726,303 988,453 554,729 Due from foreign banks 38 F.R.notes of other banks 162,840 Uncollected items 2,969,348 Bank premises 34,023 Other assets 101,520 3 8,201 243,118 1,129 7,427 2 15,725 214,492 1,523 5,394 1 8,302 175,824 1,927 6,802 ... I 4,849 84,131 1,146 2,971 TOTAL ASSETS Dallas SanFran. 706,400 7,237,100 1221,995 1562,790 1052,542 1023,059 4345,483 30,378 8,973 491,829 Cleve. l/ 12 2B,88l 560,106 3 10,495 202,312 3 7,348 276,818 26,823 7,873 22,997 6,318 4,932 9,388 237,059 2,477 6,597 2.987 2 , 5 18,233 454,533 3,557 15,580 661,571 2659,525 27,056 42,322 688,627 2701,847 „ - 1 7,210 158,816 2,310 4,779 ^ 9,131 143,079 717 4,454 17,642 219,060 3,445 8,813 44,757,831 2456,487 12,154,802 2710,058 3620,808 2560,593 2285,765 7688,803 1947,606 1118,537 1915,016 1676,664 4622,692 1/ After deducting $26,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 18, 1950 (in thousands of dollars) New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. 5,305,126 1609,024 2023,193 1549,928 1270,416 4451,898 1074,477 605,314 908,172 3.4.1(c) Total L I A B I L I T I E S 23,097,777 Federal Reserve notes Deposits; Member bank-reserve acct. 16,486,793 U.S.Treasurer-general acct. 381,293 Foreign 909?639 . Other 469,936 Boston 1367,967 730,202 5,357,772 26,623 54,352 56,713 1/292,083 766,339 1183,973 700,278 2588,224 619,060 3T?,?§0 773,403 830,310 1879,686 679,796 32,486 72,016 25,046 81,918 5,152 ~ 403,201 1,874 5,934 3,891 2,145 371 1,073 446 Dallas SanFran. 621,245 2311,017 22,054 33,307 188 26,605 51,060 31,507 423 80,137 39,158 289 7572,200 1914,232 1095,687 1882,222 27,221 7,074 4,731 7,500 72,029 19,118 12,494 18,045 344 566 1644,935 4546,804 15,873 1,307 5,913 42,552 2,l40 10,858 40,300 25,807 37,808 124,228 483 2,099 28,766 45,010 27,749 32,407 5,823 20,445 22,505 1,710 ,.s¥sfEm„ ...tss as «'ss ss 'SB 3:$ as iss ss w as Other liabilities including accrued dividends 8,171 591 . 43,910,726 2402,318 TOTAL LIABILITIES 213,189 12,040 Capital paid in 488,173 30,778 Surplus (Section 7) 27,543 3,011 Surplus (Section 13b) 118,200 8,340 Other capital accounts TOTAL LIABILITIES AND 44,757,831 2456,487 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 9 581 Commitments to make '231 > 1 , W industrial loans 24,086,035 1445,338 F.R. notes outstanding Collateral for F.R. notes held by F.R. Agents: 14,289,000 440,000 Gold certificates Eligible paper 13,442 4,891 U.S. Govt, securities 10,800,000 1100,000 Discounts and advances Industrial loans U.S. Govt, securities 11,901,261 2643,384 3543,101 2516,089 72,782 15,230 19,913 9,305 148,149 38,205 45,957 23,779 7,319 25,291 4,489 8,750 1,006 10,831 2248,493 8,419 21,194 3,349 762 8,071 6,897 1,394 1,429 15,924 290 521 6,661 316 1,073 4,552 1,137 6,112 8,b3b 20,338 12,154,802 2710,058 3620,808 2560,593 2285,765 7688,803 1947,606 1118,537 1915,016 1676,664 4622,692 Total 96,627 Within 15 days 29,823 17,871,687 1,076,325 2,101 346 2/2,898 5,492,386 840 462 637 557 1664,127 2124,539 15 738 1632,746 388 1,274 332 — 54 500 1342,454 4574,891 1115,567 231 342 323 — — — — — — 822 yV/' 619,535 940,226 673,928 2460,298 4,670,000 750,000 1000,000 670,000 675,000 2990,000 400,000 210,000 280,000 204,000 2000,000 100 2,650 3,785 455 — : 1,261 — — 300 500,000 800,000 700,000 1,000,006 1000,000 1150,000 1000,000 700,000 1600,000 800,000 450,000 28 MATURITY DISTRIBUTION 61 to 31 to l6 to 6 0 days 90 days 30 days 6,569 5,058 55,172 16 12 91 790,150 1,925,903 1,141,609 l/ After deducting $617,537,000 2/ After deducting 6,333,000 OF LOANS AND SECURITIES 6 months 91 days to 6 months to 1 year 112 2,720,500 997 2,935,650 1 to 2 years 2 to 5 years 182 663 — 2,253,600 participations of other Federal Reserve Banks. participations of other Federal Reserve Banks. Over 5 years 5,027,950
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