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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U.I (For Immediate Release) July 20, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 19 member bank reserve balances decreased $291 million. Reductions in member bank reserves resulted from a decrease of $282 million in Reserve Bank credit and increases of $142 million in Treasury deposits with Federal Reserve Banks and $5 million in nonmember deposits and other Federal Reserve accounts, offset in part by a decrease of $140 million in money in circulation. Excess reserves of member banks on July 19 were estimated to be approximately $670 million. Holdings of loans, discounts and advances increased $134 million, while holdings of United States Government securities decreased $425 million, the latter change reflecting decreases of $204 million in bills, $125 million in bonds, $53 million in certificates, and $43 million in notes. Changes in member bank reserve balances and related items during the week and the year ended July 19, 1950# were as follows: Increase or decrease since July 19, 1950 July 12, 1950 July 20, 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 17,869 202 4o4 -425 +134 + 8 - 605 - 159 + 143 Total Reserve Bank credit Gold stock Treasury currency outstanding 18,475 24,207 4,606 -282 - 621 - 311 + 11 Member bank reserve balances Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 16,157 27,029 1,310 525 2,266 -291 -l4o + 1 +142 + 5 — — -1,258 - 337 + + 76 596 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since ASSETS Gold certificates Redemption fund for F. R, notes Total gold certificate reserves July 12, 1950 July 19, 1950 July 20, 1949 22,428,431 522,345 22,950,776 - 1,997 - 4,187 - 6,184 - 276,002 - 62,148 - 338,150 Other cash 250,317 + 26,029 - 49,636 Discounts and advances Industrial loans U. S. Govt, securities Bills Certificates Notes Bonds Total U. S. Government securities 199,533 2,679 +134,690 + 8 + 160,733 2,159 3,629,247 2,778,550 6,175,700 5,286,000 -203,328 - 52,500 - 43,000 -125,400 39,948 -3,892,450 +5,822,100 -2,494,200 17,869,497 -424,228 - 604,498 Total loans and securities Due from foreign fcanks F. R. notes of other banks Uncollected items Bank premises Other assets 18,071,709 24 140,532 3,155,972 35,438 85,850 -289,530 + 17,445 +226,093 + 125 + 3,749 - 763,072 25 + 12,886 + 575,892 + 2,776 18,658 44,690,618 - 22,273 - 577,987 22,868,405 -100,958 - 410,521 16,157,309 525,474 1,201,647 260,696 18,145,126 2,752,408 -291,178 +142,766 + 21,721 - 16,602 -143,293 +218,625 -1,257,875 + 76,718 + 675,497 - 143,357 - 649,017 + 433,526 • 8,852 43,774,791 - },171 - 26,797 326 - 626,338 220,010 488,173 27,543 180,101 44,690,618 + + + 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 CAPITAL 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 56.0# 5,924 1,371 244 14,014 21,462 + 4,280 - 22,273 + 12,875 - 577,987 + + + .4$ 83 20 + 2,837 886 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 19, 1950 ASSETS Total Gold certificates Redemption fund for F. R. notes Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 22,428,431 907,756 6,849,746 1297,258 1654,126 1029,281 972,096 4464,604 665,429 438,357 847,438 632,559 2669,781 522,345 50,476 35,655 46,342 60,663 47,241 36,992 80,967 41,800 21,878 33,849 26,273 40,209 Total gold certificate reserves 22,950,776 •958/232 6,885,401 1343,600 1714,789 1076,522 1009,088 4545,571 707,229 460,235 . 881,287 658,832 2709,990 Other cash 250,317 Discounts and advances 199,533 Industrial loans 2,679 U. S. Govt, securities : Bills 3,629,247 Certificates 2,778,550 Notes 6,175,700 Bonds 5,286,000 15,774 2,885 2,328 20,925 22,447 1 14,169 9,255 120 20,436 15,249 250,200 845,948 241,349 647,658 184,776 191,554 425,753 1,439,506 410,690 364,4l6 1,232,125 351,524 336,417 257,561 572,463 489,990 234,471 179,510 398,987 341,509 194,397 148,831 330,795 283,139 23,626 6,651 48,562 37,718 30 35,353 49,511 ---» 12,138 6,732 — — — 550,368 421,362 936,533 801,611 6,390 21,860 200 10,059 15,601 11,103 945 --- • • • 31,782 10,679 —— 200,193 112,285 168,408 164,750 330,461 153,267 85,966 128,933 126,132 253,000 340,658 191,070 286,571 280,346 562,328 291,581 163,543 245,286 239,958 481,318 Total U.S.Government securities 17,869,497 1231,923 4,165,237 1188,339 1656,431 1154,477 957,162 2709,874 985,699 552,864 829,198 811,186 1627,107 Total loans and securities 18,071,709 1238,574 4,202,985 1193,552 1678,879 1163,852 972,411 2759,385 992,431 574,924 844,799 812,131 1637,786 Due from foreign banks 24 2 F.R.notes of other banks 140,532 9,290 Uncollected items 3,155,972 247,691 1,101 Bank premises 35,438 5,686 Other assets 85,850 TOTAL ASSETS 1 1 2 2 1 1/ 7 3 7,043 267921 7,447 7,247 15,481 12,108 18,622 589,532 209,542 300,480 252,829 198,532 509,398 169,495 2,022 1,513 2,549 4,855 3,950 7,762 2,953 4,510 13,173 5,969 19,090 5,436 7,827 5,569 2 1 1 l 4,888 16,235 6,165 9,085 89,693 174,130 151,765 262,885 4,631 1,130 2,275 697 4,546 7,694 2,473 3,877 44,690,618 2484,202 11,780,260 2778,306 3735,004 2530,972 2218,599 7885,455 1896,328 1141,011 1926,182 1643,294 4671,005 l/ After deducting $17,000 participations of other Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 19, 1950 (in thousands of dollars) Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. Total Boston New York Phila. Cleve. 22,868,1*05 1389,973 5,148,043 1611,720 2(*9>638 1502,071 1246,701 4468,107 1044,379 597,373 903,064 609,658 2303,678 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve acct. 16,157,309 688,824 5,183,909 764,558 1188,333 658,840 678,560 2610,327 577,594 383,342 763,395 777,710 1881,917 93,714 51,653 44,169 31,590 27,384 88,270 32,642 25,787 30,241 28,799 32,518 U.S.Treasurer-general acct. 525,474 38,707 Foreign 1,201,647 75,367 1/380,965 95,704 108,863 59,815 50,245 165,089 43,067 29,908 44,263 41,870 106,491 455 2,792 6,009 1,190 661 5,178 199,920 5,233 4,587 3,599 487 30,585 Other 260,696 Total deposits 18,145,126 808,076 5,858,508 917,148 1345,952 753,844 756,644 2866,478 659,312 440,227 838,560 848,866 2051,511 Deferred availability items 2,752,408 226,905 503,183 177,766 254,432 225,790 173,968 428,708 155,372 78,118 148,255 149,059 230,852 Other liabilities including 4l6 948 420 680 2,363 748 accrued dividends 8,852 437 388 1,437 352 331 332 TOTAL LIABILITIES 43,774,791 Capital paid in 220,010 Surplus (Section 7) 488,173 Surplus (Section 13) 27,543 Other capital accounts l80,101 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,690,618 Contingent liability on acceptances purchased for foreign correspondents 5,924 Commitments to make industrial loans 1,371 F.R. notes outstanding 23,688,381 Collateral for F.R. notes held by F.R. Agents: Gold certificates l4,304,000 Eligible paper 99,522 U.S. Govt, securities 10,550,000 Discounts and advances Industrial loans U.S. Govt, securities Total 199,533 2,679 17,869,497 2425,702 11,512,097 2707,050 3650,970 2482,142 2177,701 7758,730 1859,415 1116,049 1890,211 1608,003 4586,721 12,177 73,153 15,517 20,317 9,642 8,742 28,013 7,218 4,923 7,831 9,348 23,129 30,778 148,149 38,205 45,957 23,779 21,194 72,029 19,118 12,494 18,045 15,873 42,552 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o 12,534 39,542 13,045 16,754 12,060 10,200 25,254 10,056 6,472 9,958 8,763 16,463 2484,202 11,780,260 2778,306 3735,004 2530,972 2218,599 7885,455 1896,328 n4l,0ll 1926,182 1643,294 4671,005 373 2/1,860 474 539 296 249 818 213 148 219 208 527 468 60 122 269 452 1439,459 5,302,043 1667,921 2127,176 1566,997 1316,268 4546,968 1095,771 613,091 932,370 646,231 2434,086 440,000 4,770,000 750,000 925,000 670,000 675,000 2980,000 400,000 210,000 280,000 204,000 2000,000 8,405 --—6,120 21,435 14,972 — 9,165 32,320 1,525 5,580 1100,000 700,000 1000,000 1250,000 950,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES l6 to 61 to 91 days to 31 to 1 to 2 6 months 2 to 5 60 days 30 days years 90 days years 6 months to 1 year 1 17,862 P T 1,176 1,575 184 400 721 245 307 771 5 880,360 713,802 1,897,104 2,609,200 2,895,800 2,307,100 2,323,681 1,056,050 1/ After deducting $820,662,000 participations of other Federal Reserve Banks, 2/ After deducting $4,064,000 participations of other Federal Reserve Banks. Within 15 days 178,875 46 Over 5 years 3,186,400
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