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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) July 27, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 26 member bank reserve balances increased $2$8 million. Additions to member bank reserves resulted from an increase of $l6l million in Reserve Bank credit and decreases of $114 million in money in circulation, $21 million in Treasury deposits with Federal Reserve Banks, and $18 million in nonmember deposits and other Federal Reserve accounts, offset in part by a decrease of $50 million in gold stock and an increase of $5 million in Treasury cash holdings. Excess reserves of member banks on July 26 were estimated to be approximately $850 million. Holdings of loans, discounts and advances increased $151 million and of United States Government securities $95 million, the latter change reflecting an-' increase of $429 million in bills and decreases of $289 million in bonds and $45 million in notes. Changes in member bank reserve balances and related items during the week and the year ended July 26, were as follows: Increase or decrease since July 26, 1950 July 19, 1950 July 27, 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 17,964 353 319 + 95 +151 - 85 + 526 64 151 Total Reserve Bank credit Gold stock Treasury currency outstanding 18,636 24,157 4,605 +161 - 50 - 1 + 439 363 11 Member bank reserve balances Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Nonmember deposits and other F. R« accounts 16,415 26,915 1,315 504 2,248 +258 -114 + 5 - 21 - 18 -1,071 - 4l8 + 8 + 57 + 631 - H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves July 26, 1950 July 27; 1949 July 19, 1950 22,373,430 522,533 22,895,963 - 55,001 + 188 - 54,813 - 341,001 48,296 389,297 Other cash 264,579 + 14,262 - 42,896 Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 350,336 2,676 +150,803 3 + 66,319 2,157 4,057,547 2,778,550 6,131,000 4,997,100 +428,300 - 44,700 -288,900 + 321,852 -3,841,950 +5,777,400 -2,783,100 17,964,197 + 94,700 - Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 18,317,209 24 139,400 2,795,695 35,546 88,927 +245,500 - - 1,132 -360,277 + 108 + 3,077 589,960 25 + 14,474 + 564,692 + 2,912 21,485 44,537,343 -153,275 - 461,585 22,768,730 - 99,675 - 474,631 16,415,032 503,995 1,174,069 264,963 18,358,059 2,476,816 +257,723 - 21,479 - 27,578 + 4,267 +212,933 -275,592 -1,070,894 + 57,259 + 706,872 - 144,402 451,165 + 414,025 • + 2,767 -159,567 + + 139 + + 13,409 21,462 + 6,153 -153,275 + 14,883 461,585 • 3$ + • 3# 1,995 55 + 4,993 850 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 43,615,224 C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section ljb) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 220,149 488,173 27,543 186,254 44,537,343 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 — — — mm mm mm 55-7$ 7,919 1,426 + + - - 525,798 432 511,339 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 26, 1950 (In thousands of dollars) A S S E T S Total Gold certificates Redemption fund for F. R. notes Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 46,969 1321,840 1723,702 1062,574 15,589 3,505 2,335 18,842 15,747 1 15,415 9,970 112 945,782 269,831 279,727 647,658 184,776 191,554 422,671 1,429,087 407,718 344,500 1,164,784 332,312 376,118 257,561 568,319 463,211 Total U.S.Government securities 17,964,197 1238,452 4,187,311 1194,637 1665,209 Total loans and securities 18,317,209 1244,583 4,391,194 1200,477 1680,957 1170,677 969,044 2773,490 522,533 52,289 34,842 Total gold certificate reserves 22,895,963 937,128 6,970,275 264,579 350,336 2,676 4,057,547 2,778,550 6,131,000 4,997,100 24 Due from foreign banks F.R.notes of other banks 139,400 Uncollected items 2,795,695 Bank premises 35,546 Other assets 88,927 TOTAL ASSETS Dallas SanFran. 22,373,430 884,839 6,935,433 1274,901 1663,283 1015,605 970,687 4431,648 649,380 422,869 848,728 628,680 2647,377 60,419 Other cash Discounts and advances Industrial loans U. S. Govt, securities Bills Certificates Notes Bonds Mpls. Kans.Cy. 25,402 6,131 2 6,933 216,671 1,097 5,953 44,537,343 2437,769 53,039 203,853 30 46,939 36,777 80,679 41,706 1007,464 4512,327 691,086 21,135 6,810 40,844 49,256 13,097 7,299 --- --- - - - 33,791 26,205 40,069 444,717 882,519 654,885 2687,446 7,734 18,450 198 9,913 8,641 - - - 10,836 995 32,733 19,679 - - - 262,142 217,339 615,319 223,818 125,537 188,282 184,192 369,460 179,510 148,831 421,362 153,267 85,966 128,933 126,132 253,000 396,099 328,401 929,754 338,192 189,687 284,497 278,317 558,258 322,844 267,663 757,799 275,646 154,604 231,881 226,844 455,012 1160,595 962,234 2724,234 990,923 555,794 833,593 815,485 1635,730 998,222 1 1 2 2 1 1/ 7 3 6,764 22,419 17,450 12,839 19,323 8,173 6,771 500,727 176,434 253,826 226,664 174,927 447,574 150,497 4,848 2,023 2,948 1,509 2,567 7,762 3,929 4,689 13,866 6,127 19,614 5,880 5,538 7,992 11,965,037 21,848 2729,599 3696,933 2501,228 2191,608 7811,356 1869,226 574,442 842,234 816,480 1655,409 2 1 16,661 4,795 85,884 154,217 172,158 236,116 4,761 1,130 2,275 697 4,686 8,036 3,951 2,595 1 6,655 1 8,617 1123,158 1904,462 l/ After deducting $17,000 participations Of other Federal Reserve Banks. 1663,803 4643,164 H.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 26, 1950 (In thousands of dollars) Mpls. Kans.Cy. Dallas SanFran. New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Total Boston 593,860 898,853 608,376 2288,555 5,125,469 1602,625 2041,835 1496,871 1241,333 4447,113 1039,327 22,768,730 1384,513 L I A B I L I T I E S Federal Reserve notes Deposits: 774,473 1883,033 Member bank-reserve acct. 16,415,032 681,020 5,461,644 761,787 1202,081 659,476 663,859 2627,760 568,249 373,577 758,073 42,093 33,576 30,389 35,667 42,359 38,708 25,793 103,501 46,543 37,597 32,449 U.S.Treasurer-general acct. 503,995 35,320 40,807 103,786 29,148 43,138 48,968 160,894 41,972 58,295 Foreign 1,174,069 73,452 1/374,240 93,272 106,097 1,147 30,344 1,415 606 647 4,4l6 5,565 1,838 3,333 2,243 Other 264,963 4,506 " 208,903 832,206 858,520 2050,739 Total deposits 18,358,059 794,298 6,148,288 903,440 1349,108 752,463 749,1^1 2835,429 654,494 429,933 136,700 160,822 218,198 73,847 137,724 151,344 220,262 202,113 159,425 399,418 Deferred availability items 2,476,8l6 199>146 417,817 Other liabilities including 829 512 377 351 480 1,688 435 550 513 1,125 accrued dividends 11,619 852 3,907 43,615,224 2378,809 11,695,481 2657,922 3612,330 2451,997 2150,379 7683,648 1831,980 TOTAL LIABILITIES 20,332 9,642 8,748 28,098 7,219 73,164 15,521 12,178 220,149 Capital paid in 38,205 45,957 23,779 21,194 72,029 19,118 148,149 30,778 488,173 Surplus (Section 7) 4,489 1,006 3,349 762 1,429 521 3,011 7,319 27,543 Surplus (Section 13b) 13.462 17,308 12,461 10,525 26,152 10,388 40,924 186,254 12,993 Other capital accounts TOTAL LIABILITIES AND 44,537,343 2437,769 11,965,037 2729,599 3696,933 2501,228 2191,608 7811,356 1869,226 CAPITAL ACCOUNTS Contingent liability on acceptances purchased 285 396 332 1,093 499 2/2,487 633 721 for foreign correspondents 7,919 Commitments to make 60 — 272 451 521 1,426 industrial loans 1438^037 5,293~08l 1662,534 2123,858 1558,329 1310,606 4539,132 1088,355 F.R. notes outstanding 23,632,205 Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,304,000 440,000 4,770,000 750,000 925,000 670,000 675,000 2980,000 400,000 8,320 ---6,687 196,140 .2,145 5,060 Eligible paper 260,555 950,000 700,000 1600,000 800,000 000 700,000 1000,000 1250, U.S. Govt, securities 10,550,000 1100,000 Discounts and advances Industrial loans U.S. Govt, securities Total 350,336 2,676 17,964,197 Within 15 days 328,451 42 941,837 MATURITY DISTRIBUTION OF LOANS AND SECURITIES months 91 days to 51 to 31 to 1097,991 1868,136 1628,230 4558,321 9,350 23,129 4,928 7,840 15,873 42,552 12,494 18,045 1,307 2,l4o 1,073 1,137 9.043 17,022 9,304 6,672 1123,158 1904,462 1663,803 4643,164 198 293 277 705 122 610,889 930,404 646,863 2430,117 210,000 280,000 204,000 2000,00C 8,012 -l6,l66 18,025 700,000 500,000 800,00C 450,000 2 to 5 1 to 2 l6 to years years to 1 year 6 months 90 days 60 days 30 days 1,906 33 ——— 3,071 16,875 "766 403 184 320 721 235 5 2,230,900 1,056,050 2,630,700 2,905,800 2,442,074 813,925 2,045,411 l/ After deducting $799,808^000 participations of other Federal Reserve Banks 2/ After deducting $5,432,000 participations of other Federal Reserve Banks Over 5 years 2,897,500
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