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H.4.1 BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM (For Immediate R e l e a s e ) J u n e 2 2 , 1950 CONDITION OF THE FEDERAL RESERVE BANKS D a r i n g t h e week ended June 21 member bank r e s e r v e b a l a n c e s d e c r e a s e d $ll|.0 m i l l i o n # R e d u c t i o n s i n member bank r e s e r v e s r e s u l t e d f r o m an i n c r e a s e of $210 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 w i t h F e d e r a l R e s e r v e Banks and a d e c r e a s e of $9 m i l l i o n i n R e s e r v e Bank c r e d i t , o f f s e t i n p a r t by d e c r e a s e s of $ 6 7 m i l l i o n i n money i n c i r c u l a t i o n , $10 m i l l i o n i n T r e a s u r y c a s h , and $3 m i l l i o n i n n o n member d e p o s i t s and o t h e r F e d e r a l R e s e r v e a c c o u n t s • E x c e s s r e s e r v e s of member banks on June 21 w e r e e s t i m a t e d t o be a p p r o x i m a t e l y $670 m i l l i o n * H o l d i n g s of l o a n s , d i s c o u n t s and a d v a n c e s d e c r e a s e d $5 m i l l i o n and of U n i t e d S t a t e s Government s e c u r i t i e s $llj. 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 d e c r e a s e s of $118 i n b i l l s and $31 m i l l i o n i n bonds and i n c r e a s e s of $82 m i l l i o n i n n o t e s and $53 m i l l i o n i n c e r t i f i c a t e s * 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 i t e m s d u r i n g t h e week and t h e y e a r ended June 2 1 , 1950* w e r e a s f o l l o w s : Increase or decrease since June 21, 1950 J u n e lU# 1950 June 22, 19U9 ( 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 a d v a n c e s Other R e s e r v e Bank c r e d i t 17,679 77 505 - i4 - 5 + 10 -1,487 - 594 + 229 T o t a l R e s e r v e Bank c r e d i t Gold s t o c k Treasury currency o u t s t a n d i n g 18,261 24,231 4,6o4 - 9 1 -1,852 - 190 + 8 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 holdings T r e a s u r y 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» a c c o u n t s 16,169 26,926 1,294 529 2,179 -ll+O - 67 - 10 +210 - 3 -2,145 - 4L9 10 + 21 + 521 STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n t h o u s a n d s of d o l l a r s ) H.4.1(a) Increase 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 reserves Other c a s h June 21, 1950 22,471,430 520,648 22,992,078 213,299 D i s c o u n t s and a d v a n c e s Industrial loans U. S. Govt, s e c u r i t i e s : Bills Certificates Notes Bonds T o t a l U. S . Government securities T o t a l l o a n s and s e c u r i t i e s Due f r o m f o r e i g n b a n k s F . R. n o t e s of o t h e r b a n k s Uncollected items Bank p r e m i s e s Other a s s e t s TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes 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 a c c o u n t Foreign Other Total deposits 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 C A P I T A L A C C O U N T S Capital paid in ' S u r p l u s ( S e c t i o n 7) S u r p l u s ( S e c t i o n 13b) Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS R a t i o of g o l d 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 C o n t i n g e n t l i a b i l i t y on a c c e p t a n c e s p u r c h a s e d for foreign correspondents Commitments t o make i n d u s t r i a l l o a n s * J u n e 14 f i g u r e s r e v i s e d 74,755 2,627 June 14, 1950 June 2 2 , 1949 + - 1 2,493 2,492 - 146,000 67,074 213,074 + 14,011 - 73,863 - - 596,120 + 2,161 4,549 49 3,982,875 4,897,150 3,148,700 5,649,800 -118,000 + 53,000 + 81,500 - 30,800 +2,789,600 -2,282,500 17,678,525 - 14,300 -1,487,104 17,755,907 - 18,898 -2,081,063 21 28 116,496 ——— + 193 - 43,106* 44,428,335 -165,595* -1,864,617 22,706,047 - 61,823 - 16,169,122 529,254 1,123,786 271,033 18,093,195 2,715,228 -139,904 +210,417 + 51,056 -103,348 -2,145,247 + 20,991 + 647,031 - 194,988 -128,571 + + + 1,539 -1,913,931 16,311 43,530,781 218,818 488,173 27,543 163,020 44,428,335 56.4# 5,463 1,253 2,735 49,254 -1,944,950 + + + - 3,220,567 35,277 94,683 + - -118,038 + 18,221 495* -171,678* + 2,553 4,729 516,777 2,648 20,750 530,903 -1,672,213 + + 287,646 13,882 21,462 + .3,530 -165,595* + 13,970 -1,864,617 + + 2.4# + 310 1,058 .1# 122 + 47 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 2 1 , 1950 (In thousands of d o l l a r s ) H.4.1(b) A O O £i X O Total Boston 22,471,430 914,071 520,648 50,777 Total gold c e r t i f i c a t e 22,992,078 reserves 964,848 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 Discounts and advances Industrial loans U. S . G o v t , s e c u r i t i e s : Bills ' Certificates Notes Bonds 213,299 74,755 2,627 17,041 3,982,875 4,897,150 3,148,700 5,649,800 274,579 337,610 New York 389,497 Cleve. Rich. 36,830 45,936 7,054,983 1324,913 40,746 13.943 30 928,376 1,141,487 733,937 1,316,923 Mpls. Kans.Cy, Dallas SanFran, 626,462 2651,806 462,720 829,906 81,450 41,929 21,929 33,937 26,570 40,668 1684,508 1084,014 1025,348 4475,584 704,082 484,649 865,845 652,852 2672,474 14,413 6,042 4,155 5,175 200 9,278 6,404 9,860 25,297 1,688 184,817 227,245 146,109 56,042 47,469 18,585 12,447 1 12,868 264,865 369,197 453,945 523,714 257,318 316,385 203,425 365,011 209,392 375,717 Chicago S t . L o u i s 662,153 17,353 2,570 2,266 325,666 Atlanta 988,037 4394,134 7,018,153 1278,977 1628,466 1036,545 6,606 217,071 Phila. 291,872 6,055 130 37,311 19,095 2,534 24,628 10,396 — —- 213,339 262,310 168,657 302,626 603,995 742,643 477,494 856,781 270,152 125,226 151,515 175,685 511,649 97,418 174,799 219,699 895 — 180,805 262,168 222,306 142,935 256,475 562,661 445,910 286,705 514,442 T o t a l U . S . Government securities 17,678,525 1218,757 4,120,723 1175,640 1638,728 1142,139 946,932 2680,913 975,165 546,956 820,557 802,517 1609,718 T o t a l l o a n s and securities 17,755,907 1225,363 4,134,696 1180,476 1651,176 1148,324 949,466 2691,309 981,20? 552,351 826,741 805,412 1611,406 1 8,921 1 5,805 88,975 1,155 2,779 1 7,270 3 6,777 350,208 4,868 8,904 2 10,800 265,094 204,482 2,531 1,514 144,428,555 2 4 5 2 , 6 6 0 1 1 , 8 7 4 , 0 1 ? 2 7 5 3 , 3 5 1 3 7 2 5 , 0 2 9 2529,951 Due f r o m f o r e i g n b a n k s 28 F . R . n o t e s of o t h e r banks 116,496 Uncollected items 3,220,567 Bank p r e m i s e s 35,277 Other a s s e t s 94,683 TOTAL ASSETS 2 1/5 20,282 594,477 7,791 6,074 231,867 1,106 21,037 6,359 l/ 3 7,022 214,640 2,953 5,991 6,318 1 9,427 5 16,315 1 4,589 159,121 f 1 5 , 2 1 4 700 274,275 4,507 4,547 4,267 8,497 2 2 1 4 , 3 4 5 7 7 4 5 , 1 9 4 1 8 8 3 , 1 5 9 1 1 3 7 , 8 0 8 1886,1+68 1614,782 4611,571 5,012 518,890 3,868 14,595 166,152 2,026 6,577 A f t e r d e d u c t i n g $ 2 3 , 0 0 0 p a r t i c i p a t i o n s o f o t h e r F e d e r a l R e s e r v e Banks. 172,508 2,280 Boston Total 22,706,0U7 1373,956 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 21, 1950 ( I n t h o u s a n d s of d o l l a r s ) New York Phila. Cleve. R i c h . A t l a n t a Chicago S t . L o u i s Mpls. Kems.Cy. 5 , 1 1 5 , 7 9 9 1599,504 2 0 2 8 , 2 2 2 1495,340 1246,180 4426,189 1039,583 5 9 9 , 4 2 8 8 9 7 , 3 8 3 16,169,122 . 529,254 1,123,786 271,033 701,158 39,268 70,415 4,148 5,390,035 57,383 1/357,023 212,973 18,093,195 2,715,228 814,989 6 , 0 1 7 , 4 1 4 H.4.1(c) L I A B I L I T I E S F e d e r a l Reserve notes Deposits: Member b a n k - r e s e r v e a c c t . U.S.Treasurer-general acct Foreign Other Total deposits 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 Capital paid in Surplus (Section 7) S u r p l u s ( S e c t i o n 13b) Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AH) CAPITAL ACCOUNTS C o n t i n g e n t l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents Commitments t o make i n d u s t r i a l loans F.R. notes outstanding C o l l a t e r a l f o r F.R. notes held by F.R. Agents: Gold c e r t i f i c a t e s E l i g i b l e paper U . S . Govt, s e c u r i t i e s D i s c o u n t s and a d v a n c e s I n d u s t r i a l loans U . S . Govt, s e c u r i t i e s 16,311 205,373 471,371 1,067 5,234 D a l l a s SanFran. 605,845 2278,618 7 7 0 , 6 7 5 1191,953 6 4 1 , 2 8 3 43,214 53,174 57,335 101,711 4,585 55,885 2,671 6 6 7 , 1 6 7 2505,119 28,218 103,367 579,249 35,015 376,310 32,172 729,495 7 7 1 , 1 4 4 1845,534 28,232 24,391 27,485 9 0 4 , 7 1 3 1351,423 757,174 742,806 2767,120 659,69k 437,915 797,507 229,119 184,772 425,508 147,346 75,615 155,938 135,781 244,748 757 702 2,353 607 46o 567 686 1,373 89,416 I,4o8 178,287 261,370 861 1,644 46,944 477 154,243 4,391 40,237 5,193 27,943 1,490 41,355 2,266 39,120 526 99,494 30,905 838,275 2004,165 4 3 , 5 3 0 , 7 8 1 2395,385 1 1 , 6 0 9 , 8 1 8 2 6 8 3 , 3 6 5 3642,659 2482,390 2 1 7 4 , 4 6 0 7 6 2 1 , 1 7 0 1 8 4 7 , 2 3 0 1113,418 1 8 5 1 , 3 9 5 1 5 8 0 , 5 8 7 4 5 2 8 , 9 0 4 27,922 8,688 7,164 4,892 7,742 9,022 23,051 218,818 12,103 73,065 15,443 20,230 9,496 1 9 , 1 1 8 1 2 , 4 9 4 18,045 1 5 , 8 7 3 42,552 2 1 , 1 9 4 7 2 , 0 2 9 30,778 148,149 38,205 45,957 488,173 23,779 5 2 1 1 , 0 7 3 1,137 1,307 2,i4c 7 6 2 1,429 3 , 0 1 1 7 , 3 1 9 4 , 4 8 9 1 , 0 0 6 3,349 27,543 9 , 2 4 i 22,644 9 , 1 2 6 5 , 9 3 1 8 , 1 4 9 7 , 9 9 3 14,924 11,383 35,666 11,849 15,177 163,020 10,937 44,428,335 2 4 5 2 , 6 6 0 1 1 , 8 7 4 , 0 1 7 2753,351 3725,029 2529,951 2214,345 7745,194 1 8 8 3 , 1 5 9 1 1 3 7 , 8 0 8 1 8 8 6 , 4 6 8 1 6 1 4 , 7 8 2 4611,571 344 2/ 1,716 486 137 202 1,253 23,477,628 1 4 1 8 , 3 5 4 60 360 254 454 5 , 2 6 1 , 8 6 3 1 6 5 6 , 1 8 9 2 1 0 3 , 4 2 8 1 5 5 4 , 1 2 6 1310,315 4 5 0 4 , 7 6 3 1084,939 6 1 2 , 3 5 8 924,952 6 4 1 , 7 4 8 24o4,593 14,249,000 4 4 0 , 0 0 0 5,535 35,985 10,450,000 1 1 0 0 , 0 0 0 4,670,000 280,000 5, 775 204,000 2000,00C — 175 5,463 Total 74,755 2,627 17,678,525 Within 15 days 55,535 142 2,894,018 8,405 497 437 750,000 1000,000 1,210 — 700,000 1000,000 1150,000 273 670,000 4,705 950,000 229 754 675,000 2950,000 700,000 1600,000 197 400,000 210,000 5,430 4,750 800,000 450,000 700,000 191 125 500,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 1 to 2 6 months TT t o 9 1 days t o 2 to 5 31 t o years years 6 months to 1 year 60 days 90 days 30 days 1,470 700 17,050 284 726 849 190 54 377 5 1 , 1 2 4 , 0 5 0 2 , 4 6 7 , 0 0 0 2 , 3 1 8 , 1 00 1 , 3 8 4 , 4 1 2 1 , 4 8 1 , 5 0 0 1 , 9 2 5 , 9 0 4 533,341 l / A f t e r d e d u c t i n g $ 7 6 6 , 7 4 2 , 0 0 0 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 R e s e r v e Banks 2/ After deducting $ 3 , 7 4 7 , 0 0 0 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 R e s e r v e B n k s . 16 t o 800,00c Over 5 years 3,550,200
@FedFRASER