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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) July 13, 1950 CONDITION OF THE FEDERAL RESERVE BARKS During the week ended July 12 member bank reserve balances increased $194 million. Additions to member bank reserves arose from decreases of $262 million in Treasury deposits with Federal Reserve Banks, $146 million in money in circulation, and $11 million in nonmember deposits and other Federal Reserve accounts, offset in part by decreases of $193 million in Reserve Bank credit, $24 million in gold stock, and an increase of $7 million in Treasury cash holdings. Excess reserves of member banks on July 12 were estimated to be approximately $920 million. Holdings of loans, discounts and advances decreased $18 million.and of United States Government securities $292 million, the latter change reflecting decreases of $144 million in bonds, $143 million in bills, and $15 million in certificates, and an increase of $10 million in notes. Changes in member bank reserve balances and related items during the week and the year ended July 12, 1950, were as follows: Increase or decrease since July 12, 1950 July 5, 1950 July 13. 1949 (in millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 18,294 68 396 - 18 +118 -292 + 548 73 100 Total Reserve Bank credit Gold stock Treasury currency outstanding 18,757 24,207 4,6o6 -193 - 24 - 1 + 522 306 10 Member bank reserve balances Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 16,448 27,169 1,309 383 2,261 +194 -146 + 7 -1,058 - 311 -262 - 11 + + 8 12 547 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since 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 * July 5 figures revised. July 12, 1950 July 1 3 , 194? July 5, 1950 22,430,428 526,532 22,956,960 - 29,001 + 4,002 - 24,999 224,288 + 31,460 64,843 2,671 - 18,860 3,832,575 2,831,050 6,218,700 5,411,400 -143,800 - 15,500 + 10,000 103,537 -3,937,650 +5,861,600 -2,368,800 18,293,725 -292,600 - 18,361,239 -311,468 8 -143,300 24 123,087 2,929,879 35,313 82,101 - - 61,822 - 330,626> - 54,3^6 + 75,266 2,177 - - + 29,377 + + + + +520,691* + 130 3,703 269,004 - 548,387 621,476 25 2,402 228,846 2,655 17,583 44,712,891 +248,894* - 790,353 22,969,363 - 78,605 - 405,412 16,448,487 +194,544 382,708 1,179,926 277,298 18,288,419 -262,600 40 - 12,287 - 80,383 •1 ,057,383 + 11,623 + 671,696 187,703 561,767 + 128,794 2,533,783 +402,226* 10,023 + 250 +243,488* + 12 838,373 + + + 13,892 21,462 + 12,666 790,353 43,801,588 219,766 488,173 27,543 175,821 44,712,891 55.6* 5,841 1,391 267 mm |» — +5,139 +248,894* - + .1% + l4l 27 + + - M 2,269 886 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 12, 1950 (In thousands of dollars) A S S E T S Gold certificates Redemption fund for New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Total Boston 22,430,428 856,762 6,946,964 1256,589 1615,101 1033,111 907,533 6,983,773 1303,520 1676,136 1080,570 1027,422 4548,223 676,413 464,970 884,172 681,341 2722,887 990,125 4466,792 634,488 443,043 850,240 654,976 2682,237 326,532 F. R. notes Total gold certificate reserves 22,956,960 Other cash , Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds 224,288 64,843 . 2,671 3,832,575 2,831,050 6,218,700 5,411,400 21,061 3,981 264,218 195,172 428,717 373,062 42,153 17,848 30 14,451 2,430 2,315 893,343 659,895 1,449,529 1,261,354 254,870 188,267 413,550 359,864 16,665 19,247 1 355,264 262,427 576,449 501,615 12,377 6,455 19,919 1,824 121 12,277 612 6,003 1,650 204 247,607 182,903 205,288 349,609 289,856 401,765 31,795 4,171 151,642 333,099 581,202 429,324 943,053 820,628 211,409 156,163 343,030 8,626 10,617 4,151 795 177,843 131,370 173,980 128,515 298,498 118,576 87,591 192,400 167,423 251,105 282,298 245,651 288,566 28,344 1,679 348,975 257,781 566,244 492,735 Total 4J.S.Government securities ' 18,293,725 1 2 6 1 , 1 6 9 4,264,121 1216,551 1695,755 1181,884 979,885 2774,207 1009,100 565,990 848,884 830,444 1 6 6 5 , 7 3 5 Total loans and securities 18,361,239 1 2 6 5 , 1 5 0 4,281,999 1 2 2 1 , 2 9 6 1715,003 1188,460 9 8 1 , 7 0 9 2778,378 1009,712 567,844 853,035 8 3 1 , 2 3 9 1667,4l4 1 4,772 90,677 1,130 2,369 1 7,972 173,251 2,275 4,367 1 4,888 130,764 697 3,542 Due from foreign banks 24 F.R.notes of other banks 1 2 3 , 0 8 7 Uncollected items 2,929,879 Bank premises 35,313 Other assets 82,101 TOTAL ASSETS 2 6,520 224,986 1,101 5,427 i/ 7 23,657 524,236 7,762 18,389 2 6,922 193,507 2,953 5,262 2 5,923 263,150 4,859 7,330 1 12,444 236,678 2,525 5,352 1 12,426 191,739 1,512 4,317 3 16,310 496,622 3,845 12,593 1 8,186 168,592 2,023 5,763 2 13,067 235,677 4,631 7,390 44,712,891 2431,780 1 1 , 8 8 1 , 9 7 6 2747,913 3689,068 2538,407 2239,045 7887,769 1882,967 1137,766 1933,699 1663,089 4679,412 1/ After deducting $17,000 participations of other Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 12, 1950 (In thousands of dollars) New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. 5,166,579 1619,294 2057,968 1514,977 1255,655 4469,905 1047,442 600,898 905,097 L I A B I L I T I E S Total Boston Federal Reserve notes 22,969,363 1403,237 Deposits: Member bank-reserve acct. 16,448,487 675,045 5,333,354 771,555 1189,720 85,815 26,602 27,531 U.S.Treasurer-general acct. 382,708 22,747 Foreign 1,179,926 74,012 1/ 373,992 93,984 106,907 206,642 3,302 4,768 Other 277,298 4,917 Total deposits 18,288,419 Deferred availability items 2,533,783 Other liabilities including accrued dividends 10,023 TOTAL LIABILITIES 43,801,588 Capital paid in 219,766 Surplus (Section 7) 488,173 Surplus (Section 13b) 27,543 Other capital accounts 175,821 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 44,712,891 Contingent liability on acceptances purchased for foreign correspondents 5,841 Commitments to make industrial loans 1,391 F.R. notes outstanding 23,748,062 Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,304,000 Eligible paper 26,507 U.S. Govt, securities 10,550,000 Discounts and advances Industrial loans U.S. Govt, securities Total 65751+3 2,671 18,293,725 776,721 192,583 5,999,803 445,694 969 2,746 895,443 1328,926 161,739 217,639 509 917 668,334 Dallas SanFran 613,188 2315,12: 574,415 23,073 42,293 383,781 22,354 29,370 776,673 822,905 1896,94: 58,740 684,107 2671,657 35,757 36,038 49,342 162,122 1,586 SQ917 43,468 2,670 761,115 213,360 770,357 2872,604 171,945 417,653 645,527 152,895 437,091 74,589 843,728 148,689 434 377 341 28,380 5,661 521 1,151 439 2,787 1,585 5,746 22,606 4l,ll8 2,603 30,881 104,571 35,46; 889,232 2067,87; 125,236 211,76: 384 80: 2373,510 11,614,822 2676,985 3605,450 2489,973 2198,396 7761,747 1846,298 1112,955 1897,855 1628,040 4595,551 12,168 73,158 15,501 20,311 9,521 8,734 27,993 7,213 4,916 7,824 9,313 23,111 30,778 148,149 38,205 45,957 23,779 21,194 72,029 19,118 12,494 18,045 15,873 42,555 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4( 12,313 38,528 12,733 16,344 11,785 9,959 24,571 9,817 6,328 8,838 8,556 l6,o4s 2431,780 11,881,976 2747,913 3689,068 2538,407 2239,045 7887,769 1882,967 1137,766 1933,699 1663,089 4679,41: 368 2/ 1,834 467 532 292 245 806 210 146 216 205 52C 1442,147 --487 453 60 --269 ------12Z 5,326,416 1670,212 2130,082 1574,260 1324,682 4551,881 1101,437 614,439 936,248 648,460 2427,796 440,000 2,910 1100,000 4,770,000 750,000 925,000 670,000 675,000 2980,000 400,000 210,000 280,000 204,000 2000,00C 12,010 1,070 — 5,605 — — — 1,225 3,522 165 700,000 1000,000 1250,000 950,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,00( MATURITY DISTRIBUTION OF LOANS AND SECURITIES 61 to 31 to 91 days to 6 months 1 to 2 2 to 5 30 days 60 days 90 days 6 months to 1 year years years 2,020 17,643 815 44 1 11 188 776 196 372 313 771 801,386 604,092 1,433,259 3,179,538 1,108,550 2,627,200 2,909,800 2,318,100 1/ After deducting $805,913,000 participations of other Federal Reserve Banks 2I After deducting $4,007,000 participations of- other Federal Reserve Banks. Within 15 days 44,320 44 16 to Over 5 years 3,311,800
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