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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.4.1
(For Immediate Release)
J u l y 6, 1950
CONDITION OF THE FEDERAL RESERVE BANKS
During t h e week ended J u l y 5 member bank r e s e r v e b a l a n c e s i n c r e a s e d
$266 m i l l i o n . A d d i t i o n s t o member bank r e s e r v e s a r o s e from an i n c r e a s e of $383
M i l l i o n i n Reserve Bank c r e d i t and d e c r e a s e s of $221 m i l l i o n i n T r e a s u r y d e p o s i t s
with F e d e r a l Reserve Banks and $4 m i l l i o n i n Treasury cash h o l d i n g s , o f f s e t i n
p a r t by an i n c r e a s e of $289 m i l l i o n i n money i n c i r c u l a t i o n and $53 m i l l i o n i n
nonmember d e p o s i t s and o t h e r F e d e r a l Reserve a c c o u n t s . Excess r e s e r v e s of
member banks on J u l y 5 were e s t i m a t e d t o be approximately $770 m i l l i o n .
Holdings of l o a n s , d i s c o u n t s and advances i n c r e a s e d $14 m i l l i o n and of
United S t a t e s Government s e c u r i t i e s $369 m i l l i o n , t h e l a t t e r change r e f l e c t i n g
i n c r e a s e s of $2,830 m i l l i o n i n n o t e s and $139 m i l l i o n i n b i l l s and d e c r e a s e s of
$2,511 m i l l i o n i n c e r t i f i c a t e s and $89 m i l l i o n i n bonds.
Changes i n member bank r e s e r v e b a l a n c e s and r e l a t e d items d u r i n g t h e
week and t h e year ended J u l y 5, 1950, were as f o l l o w s :
I n c r e a s e o r decrease
since
J u l y 5,
1950
June 28,
1950
J u l y 6,
1949
( I n m i l l i o n s of d o l l a r s )
U. S . Government s e c u r i t i e s
Loans, d i s c o u n t s and advances
Other Reserve Bank c r e d i t
18,586
86
278
+369
+ 14
--
-
757
28
43
T o t a l Reserve Bank c r e d i t
Gold stock
Treasury currency o u t s t a n d i n g
18,950
24,231
4,607
+383
+ 1
- 1
+
829
240
10
Member bank r e s e r v e b a l a n c e s
Money i n c i r c u l a t i o n
Treasury cash h o l d i n g s
Treasury d e p o s i t s w i t h F . R. Banks
Nonmember d e p o s i t s and o t h e r F . R. accounts
16,254
27,315
1,302
645
2,272
+266
+289
- 4
-221
+ 53
-1,726
- 344
4
+ 383
+ 633
H.1+.1 (a)
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
( I n thousands of d o l l a r s )
I n c r e a s e or decrease
since
A S S E T S
Gold c e r t i f i c a t e s
Redemption f u n d f o r F . R. n o t e s
Total gold c e r t i f i c a t e r e s e r v e s
Other cash
July 6,
1949
June 2 8 ,
1950
July 5,
1950
1,002
880
122
-
207,000
65,941
-
19,688
-
61,049
83,703
2,679
+
+
14,340
12
+
30,008
2,183
+
22,l+59,l£9
522,530
22,981,959
192,828
+
Discounts and advances
I n d u s t r i a l loans
U. S. Govt, s e c u r i t i e s :
Bills
Certificates
Notes
Bonds
Total U« S . Gbvernment
securities
3,976,375
2,8^6,550
6,208,700
5,554,700
139,500
-2,510,700
+2,829,600
89,100
18,586,325
369,300
-
756,535
Total loans and s e c u r i t i e s
Due from f o r e i g n banks '
F . R. n o t e s of o t h e r banks
Uncollected items
Bank premises
Other a s s e t s
383,652
18,672,707 „
24p 4
93,710; w 18,872
2,409,1*8
222,557
42
35,183
26,028
78,398 -
-
784,360
25
2,449
114,799
2,555
16,610
a,463,9)7
-1,015,182
TOTAL ASSETS
96,339
L I A B I LI T I E S
Federal Reserve n o t e s
Deposits:
Member b a n k - r e s e r v e a c c o u n t
U. S . T r e a s u r e r - g e n e r a l account
Foreign
Other
Total d e p o s i t s
Deferred a v a i l a b i l i t y items
Other l i a b i l i t i e s i n c l u d i n g accrued
dividends
TOTAL LIABILITIES
^
9,773 w
43,558,34^ +
CAPITAL
ACCOUNTS
Capital paid i n
Surplus ( S e c t i o n 7)
Surplus ( S e c t i o n 13b)
Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
6,604
91,807
f„
219,499
488,173
27,543
170,682
44,463,9|T
+
425
+
4,107
96,339
Ratio of gold c e r t i f i c a t e r e s e r v e s t o d e p o s i t
and F . R. n o t e l i a b i l i t i e s combined
Contingent l i a b i l i t y on acceptances purchased
f o r foreign correspondents
Commitments t o make i n d u s t r i a l loans
23,047,968
+
16,253,943
645,308
1,179.966
289,585
18,368,was
2^131^97
4» 265,492
220,761
+
39,658
10,752
•
73,637
222,391
-
55.5#
5,982
1,364
V
•
+
247,165
.4#
471
156
- 370,085
-4,010,550
+5,849,600
-2,225,500
+
+
+
-
-
449,600
-1,726,174
+ 383,207
+ 695,218
- 123,563
- 771,312
+ 158,613
193
-1,062,492
+
•
13,809
21,462
+
12,039
-1,615,182
+
1.0#
+
2,026
893
ti.4.1(b)
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANES ON JULY 5, 1950
(In thousands of d o l l a r s )
ASSETS
Total
Boston
22,459,429
924,514
522,530
50,771
Total gold c e r t i f i c a t e
reserves
22,981,959
975,285
Gold c e r t i f i c a t e s
Redemption f u n d f o r
F . R. n o t e s
Other cash
D i s c o u n t s and advances
I n d u s t r i a l loans
U. S . Govt, s e c u r i t i e s :
Bills
Certificates
Notes
Bonds
* 192,828
83,703
2,679
14,590
8,924
3,976,375
2,846,550
6,208,700
5,554,700
274,131
196,241
428,028
382,941
———
New York
Phila.
Cleve.
Rich.
7,030,327 1325,271 1647,593 1037,136
Atlanta
Chicago S t . L o u i s
Mpls. Kans.Cy.
Dallas SanFran.
969,511 4394,058
632,402
433,413
836,987
81,431
41,925
21,927
33,932
7,067,136 1372,202 1704,627 1084,594 1006,808 4475,489
674,327
455,340
870,919
12,552
3,372
5,168
8,975
196
8,593
3,674
219,341
157,019
342,478
306,402
123,025
88,069
192,091
171,858
184,516
132,090
288,102
257,753
180,507
129,219
281,844
252,156
36,809
46,931
57,034
47,458
37,297
32,582
24,963
30
11,419
4,080
2,331
15,300
11,947
1
10,754
3,940
121
18,936
3,774
926,861
663,508
1,447,198
1,294,757
264,433
189,298
412,885
369,393
368,594
263,864
575,522
514,898
256,898
183,904
401,119
358,867
212,991
152,473
332,563
297,531
27,055
7,546
603,009
431,674
941,537
842,359
586,668 2641,549
26,365
40,650
613,033 2682,199
11,751
695
24,128
1,813
mm mm mm
362,069
259,191
565,333
505,785
T o t a l U.S.Government
securities
18,586,325 1281,341
4,332,324 1236,009 1722,878 1200,788
995,558 2818,579 1025,240
575,043
862,461
843,726 1692,378
T o t a l l o a n s and
securities
18,672,707 1290,265
4,357,317 1242,420 1734,826 1204,849
999,332 2826,125 1028,612
584,214
866,135
844,421 1694,191
1
3,619
66,245
1,130
2,297
1
5,729
130,241
2,275
3,895
1
3,030
110,139
697
3,368
Due from f o r e i g n banks
24
2
F . R . n o t e s of o t h e r banks
9 3 , 7 1 0 / 4,766
U n c o l l e c t e d items
2 , 4 0 9 , 3 6 # 214,235
Bank premises
1,101
35,183
Other a s s e t s
5,121
78,398
TOTAL ASSETS
1/ 7
15,862
446,545
7,762
17,375
2
3,884
182,771
2,953
5,013
2
5,299
220,276
4,859
7,595
1
11,719
197,783
2,525
5,331
1
8,211
152,328
1,512
4,145
3
12,626
378,421
3,845
11,886
1
5,196
139,491
2,022
5,442
2 .
13,769,
170,W
4,502
6,930
44,463,9{$7 2505,365 11,944,586 2820,664 3692,784 2517,556 2191,273 7735,450 1867,643 1118,014 1887,788 1586,440 4 5 9 6 , - 3 ^
1 / A f t e r deducting $17,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks.
H.4.l(c)
Total
Boston
L I A B I L I T I E S
F e d e r a l Reserve n o t e s
25,047,968 1412,456
Deposits*
Member b a n k - r e s e r v e a c c t . 16,255,943 705,884
U . S . T r e a s u r e r - g e n e r a l a c c t . 645#508
57,758
Foreign
1,179,966
73,641
Other
289,585
1,990
Total deposits
18,568,802
D e f e r r e d a v a i l a b i l i t y items 2,151^49?
Other l i a b i l i t i e s i n c l u d i n g
accrued d i v i d e n d s
9,775
857,255
197,029
'
845
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 5 , 1950
( I n thousands of d o l l a r s )
New York
Phila.
Cleve.
Rich. A t l a n t a Chicago S t . L o u i s
Mpls. Ka.ns.Cy.
5,200,618 1626,754 2056,399 1519,337 1264,559 4471,248 1049,799 605,548 907,741
D a l l a s SanFran,
616,666 2319,243
5,554,254
145,551
1/578,081
225,662
790,061 1176,516
69,614
75,785
95,512 106,570
1,521
5,347
648,786
50,954
58,445
6,025
674,609 2596,424
54,114
65,282
49,094 161,508
1,028
2,965
565,519
57,618
42,080
7,853
579,741
25,814
29,225
1,198
762,612
19,020
45,249
3,814
746,906 1875,05]
58,060
29,96c
40,912 104,051
685
35,497
6,081,548
594,026
954,708 1561,816
168,181 190,196
764,210
185,421
758,845 2825,979
127,270 511,420
652,870
128,229
455,976
55,714
828,695
115,487
826,563 2042,559
108,044 150^f8€
424
528
577
2,568
476
1,217
495
457
1,554
-rya
577
^
TOTAL LIABILITIES
45,5582447,58511,678,560
Capital paid in
219,499
12,155
75,125
Surplus ( S e c t i o n 7)
488,175
50,778
148,149
Surplus ( S e c t i o n 15b)
27,545
5,011
7,519
Other c a p i t a l accounts
170,682
11,858
57,433
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
1(4,463,9^7 2505,565 11,9144,586
Contingent l i a b i l i t y on
7
a c c e p t a n c e s purchased
f o r foreign correspondents
5,982
595
2/1,705
Commitments t o make
i n d u s t r i a l loans
1,364
—
F.R. notes outstanding
25,665,914 1459,250 5,519,845
C o l l a t e r a l f o r F.R. notes
h e l d by F.R. A g e n t s :
Gold c e r t i f i c a t e s
14,549,000 440,000 4,770,000
E l i g i b l e paper
45,895
7,855
17,575
U.S. Govt, s e c u r i t i e s
10,450,000 1100,000
700,000
Discounts and advances
I n d u s t r i a l loans
U.S. Govt, s e c u r i t i e s
Total
857753
2,679
18,586,325
Within
15 days
63,895
59
742,745
i/
2/
2750,119 5609,628 2 4 6 9 , 4 6 1 2 1 5 0 , 9 1 1 7 6 1 0 , 2 0 1 1 8 5 1 , 5 2 2 1 0 9 5 , 5 6 6 1852,500 1551,650
15,455
20,298
9,508
8,715
27,979
7,178
4,904
7,810
9,276
58,205
45,957
25,779
21,194
72,029
19,118
12,494
18,045
15,875
4,489
1,006
5,549
762
1,429
521
1,075
1,157
1,507
12.398
15,895
11,459
9,693
23,812
9,504
6,177
8,496
8,334
677
q'
4512,9$$
25,12C
42,552
2,14c
15,62?
2820,664 5692,784 2517,556 2191,275 7755,450 1867,645 1118,014 1887,788 1586,440 4 5 9 6 ^
f3<(499
568
512
262
861
224
156
251
475
455
60
—
255
1665,185 2119,755 1568,628 1516,477 4537,564 1088,817
614,055
950,850
750,000 1000,000
2,720
—
1000,000 1150,000
16 t o
30 days
1,975
10
607,310
670,000
5,090
950,000
675,000 2950,000
—
—
700,000 1600,000
400,000
2,760
800,000
218
555
125
649,571 2417,921
210,000 280,000 204,000 2000,000
8,550
—
5,045
300
450,000 700,000 500,000 800,000
MATURITY DISTRIBUTION OF LOANS AND SECURITIES
51 t o
6l to
91 days to
6 months
1 to 2
60 days
90 days
6 months
to 1 year
years
17,625
210
191
779
198
, 575
516
1,446,420 5,565,602
1,124,050
2,617,200 2,909,800
A f t e r deducting $801,865,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks.
A f t e r deducting
$4,279,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks.
2 to 5\
years
771
2,518,100
Over
5 years
5,455,100
@FedFRASER