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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) June 8, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 7 member bank reserve balances increased $253 million. Additions to member bank reserves resulted from an increase of $208 million in Reserve Bank credit and decreases of $116 million in Treasury deposits with Federal Reserve Banks and $9 million in money in circulation, offset in part by an increase of $82 million in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on June 7 were estimated to be approximately $750 million. Holdings of loans, discounts and advances decreased $212 million while holdings of United States Government securities increased $283 million, the latter change reflecting increases of $1,354 million in notes and $53 million in bills, and decreases of $1,04? million in certificates and $77 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended June 7, 1950, were as follows: Increase or decrease since June 7, 1950 May 31, 1950 June 8 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 17,672 97 374 +283 -212 +138 -1,922 61 + 170 Total Reserve Bank credit Gold stock Treasury currency outstanding 18,143 24,232 4,605 +208 + 1 -• 1 -1,813 - 149 9 + Member bank reserve balances Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 16,067 27,079 1,309 472 2,054 +253 - 9 - 1 -116 + 82 -2,103 - 405 6 + 94 + 469 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 June 7, 1950 22,473,429 - May 31, • 1950 June 8, 1949 96,000 524,630 + 22,998,059 + 3,999 4,000 1 - 160,122 179,498 - 2,686 - 78,779 94,284 - 212,115 + 62,759 2,029 2,607 + 4,121,875 4,827,150 2,997,700 5,725,600 22 64,122 + 53,000 -1,047,700 +1,354,000 76,300 80,260 -2,002,950 +2,638,600 -2,476,700 17,672,325 + 283,000 -1,921,310 17,769,216 33 102,310 2,597,120 34,953 133,902 10,440 -1,982,040 l6 + 1,619 + 271,178 + 2,536 45,119 290,131 -1,990,743 + + + + - 43,815,091 + 70,907 8,283 223,917 149 22,830,848 4,885 16,066,982 471,618 253,150 115,908 -2,103,451 + 93,157 270,002 17,859,410 2,222,887 3,899 203,969 85,948 - 193,624 -1,635,073 + 101,359 14,733 + 42,927,878 + 469 285,501 + 216,039 + 488,173 27,543 155,458 + 43,815,091 + 182 + + 62,828 1,050,808 56.5# 4,448 290,131 61 507,668 + 568,845 888 -2,040,494 11,530 21,462 + 16,759 -1,990,743 + - 5,213 1,225 - - + 2.4$ 298 1,101 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 7, I95O (In Sbouseiids of dollars) A S S E T S Gold certificates Redemption fund for F. R. notes Total Boston 22,473,429 881,442 524,630 51,058 Total gold certificate reserves 22,998,059 New York Phila. Cleve. Rich. Atlanta 6 , 9 3 4 , 6 2 0 1238,114 1649,244 1046,942 1019,312 4413,14? 37,933 46,478 56,380 47,989 960,776 274,109 382,081 1,125,170 321,010 447,457 698,740 199,350 277,875 1,334,592 380,758 530,741 Total U.S,Government securities 17,672,32$ 1218,330 4,119,278 1175,227 1638,154 1141,738 Total loans and securities 1 7 , 7 6 9 , 2 1 6 1232,812 4,143,370 1180,723 1658,470 1147,08? TOTAL ASSETS 37,596 81,826 932,500 6,972,553 1284,592 1705,624 1094,931 1056,908 4494,973 Other cash 15,006 179,498 Discounts and advances 94,284 14,482 Industrial loans 2,607 U. S. Govt, securities: Bills 4,121,875 284,162 Certificates 4,827,150 332,783 Botes 2,997,700 2 0 6 , 6 6 1 Bonds '5,725,600 394,724 Due from foreign banks 33 F,R»notes of other banks 102,310 Uncollected items 2,597,120 Bank premises 34,953 Other assets 133,902 Chicago St.Louis 2 4,770 197,035 1,106 8,975 33,457 24,092 1/ 10 18,479 460,295 7,781 30,283 13,327 3,212 2,284 3 6,621 181,280 2,959 8,603 15,371 20,315 l 3 5,436 238,162 4,871 12,559 11,661 5,230 119 16,166 1,035 23,173 12,152 2 6 6 , 2 9 8 220,784 311,863 258, 562 193,669 1 6 0 , 5 6 9 369,908 306,685 625,074 732,027 454,595 868,277 2 9,094 225,395 2,479 8,791 Mpls. Kans.Cy. 668,089 470,048 863,124 42,039 21,979 34,021 710,128 492,027 897,145 11,117 1,613 3,267 885 203 7,242 7,563 Dallas SanFran. 629,529 2659,818 26,465 40,866 655,994 2700,684 9,133 979 20,578 2,726 227,367 127,527 191,267 266,270 149,348 223,995 165,356 92,746 139,102 315,830 177,143 265,685 187,113 375,317 219,129 439,536 136,081 272,956 259,912 521,345 946,600 2679,973 974,823 546,764 820,049 802,235 1609,154 947,635 2692,125 976,436 547,852 827,612 803,214 1611,880 1 10,26? 179,537 1,505 7,129 1 8,456 143,689 2,026 8,470 1 3,183 77,717 1,133 4,021 1 5,052 131,671 2,280 6,367 1 4,030 124,770 700 5,922 5 16,643 437,978 3,868 20,554 3 10,279 199,591 4,245 12.228 4 3 , 8 1 5 , 0 9 1 2392,206 11,666,228 2678,108 3640,496 2499,440 2219,148 7689,319 1860,323 1129,201 1877,370 1603,764 4559,488 1/ After deducting $23,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 7 , 1 9 5 0 (in thousands of dollars) New York Phila. Cleve, Rich. Atlanta Chicago St.Louis Mpis. Kans.Cy. 5,140,059 1605,651 2030,764 1504,710 1257,524 4440,504 1046,503 603,544 905,766 H.4.1(c) Boston L I A B I L I T I E S Total Federal Reserve notes 22,830,848 1379,509 Deposits: Member bank-reserve acct* 16,066,982 668,600 5,276,372 64,279 36,030 U.S.Treasurer-general acct. 471,6l8 6 5 , 8 6 0 1/ 333,645 Foreign 1,050,808 208,818 3,071 Other 270,002 Total deposits 17,859,410 Deferred availability items 2,222,88? Other liabilities including accrued dividends 14,733 736,112 1174,111 30,654 47,586 83,632 95,131 1,713 4,169 656,200 36,988 52,270 3,660 181,323 5,883,114 376,526 852,111 150,016 1320,997 205,795 749,118 197,805 1,096 4,073 869 1,579 760 773,561 Discounts and advances Industrial loans U.S. Govt, securities Total 94,284 2,607 17,672,325 16 to 30 days 3,345 39 2,462,261 380,782 25,854 26,135 1,152 38,680 4,490 647,658 433,923 67,123 822,231 114,149 616 2,246 471 7566,605 1824,802 1105,061 27,744 7,163 4,883 72,029 19,118 12,494 565 763,648 2765,646 157,839 675 TOTAL LIABILITIES 42,927,878 2335,489 11,403,772 2608,647 3559,135 2452,393 2179,686 15,440 19,905 9,485 8,661 Capital paid in 216,039 12,099 73,047 Surplus (Section 7) 488,173 148,149 38,205 45,957 23,779 21,194 30,778 4,489 1,006 3,349 762 Surplus (Section 13b) 27,54-3 3,011 7,319 Other capital accounts 155,458 11,327 14,493 10,434 8,845 10,629 33,941 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 43,815,091 2392,206 11,666,228 2678,108 3640,496 2499,440 2219,148 Contingent liability on acceptances purchased for foreign correspondents 260 4l6 219 5,213 328 2/ 1,645 473 Commitments to make industrial loans 1,225 60 440 351 F. R. notes outstanding 23,504,856 1411,216 5,285,578 1653,300 2092,292 1555,509 1309,985 Collateral for F.R, notes held by F.R. Agents: Gold certificates 14,249,000 440,000 4,670,000 750,000 1000,000 670,000 675,000 Eligible paper 45,040 13,260 17,000 1,660 --3,960 —U.S. Govt, securities 10,450,000 1100,000 700,000 1000,000 1150,000 950,000 700,000 Within 15 days 72,694 51 938,143 574,137 30,719 37,634 682,307 2561,096 37,134 55,450 43,907 144,265 300 4,835 358,209 5,168 130,025 752,641 26,420 Dallas SanFran. 613,539 2302,77; 763,842 39,803 36,589 563 1840,785 40,70] 93,06c 32,06: 840,797 2006,6of 593 1,19C 1842,711 1569,937 4479,64c 20,921 115,008 169,069 7,685 18,045 9,006 15,873 7,792 7,641 14,235 7689,319 1860,323 1129,201 1877,370 1 6 0 3 , 7 6 4 4559,488 192 182 463 4516,256 1090,598 614,280 928,703 642,104 125 2405,035 1,429 21,512 718 521 1,073 8,719 5,690 187 130 249 1,137 1,307 42,55; 2,i4o 2950,000 400,000 210,000 280,000 204,000 2000,00C 6,845 --l,ooc 400 —915 1600,000 800,000 450,000 700,000 500,000 800,00c MATURITY DISTRIBUTION OF LOANS AND SECURITIES 91 days to 6l to 6 months 31 to 6 months to 1 year 6 0 days 90 days 14,954 3,291 185 921 370 51 2,199,200 1,124,050 1,187,651 1,500,920 1 to 2 years 2 to 5 years 714 276 2,316,000 2,208,000 l/ After deducting $717,145,000 participations of other Federal Reserve Banks. 2/ After deducting $3,568,000 participations of other Federal Reserve Banks. Over 5 years 3,736,100
@FedFRASER