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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H .4.1 (For Immediate Release) March l6, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 15 member bank reserve balances increased $513 million. Additions to member bank reserves resulted from decreases of $424 million in Treasury deposits with Federal Reserve Banks, $119 million in nonmember deposits and other Federal Reserve accounts, $82 million in money in circulation and $15 million in Treasury cash, offset in part by decreases of $99 million in Reserve Bank credit and $25 million in gold stock. Excess reserves of member banks on March 15 were estimated to be approximately $1,370 million. Holdings of loans, discounts and advances decreased $l6 million and of United States Government securities $55 million, the latter change reflecting decreases of $189 million in bonds and $91 million in bills and increases of^ $117 million in notes and $108 million in certificates. Holdings of securities include $108 million certificates of indebtedness—special series, issued to the Federal Reserve Banks. Changes in member bank reserve balances and related items during the week and the year ended March 15, 195° were as follows: Increase or decrease since March 15, 1950 March 8, 1950 March 16, 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 17,791 74 399 - 55 - 16 - 29 -3,709 - 356 19 Total Reserve Bank credit Gold stock Treasury currency 18,264 24 4 601 - 99 - 25 - -4,084 + 15 + 13 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 16,771 27,023 1,307 9 2,074 +513 - 82 - 15 -424 -119 -3,165 - 477 17 - 582 + 184 - H.1.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Mar. 15, 1950 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 Othef assets TQTAL 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 Jctatio 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 Mar. 8, 1950 Mar, 16, 1949 22,565,430 536,»26 23,101,056 - 17,000 + 122,001 - 1,495 18,495 + 77,347 44,654 293,45U + 6,586 - 50,291 71,114 2,499 + 16,173 32 + 358,372 1,747 - 91,100 + 108,000 + 116,700 - 188,300 -1,233,729 - 540,719 +1,038,150 -2,972,400 17,791,174 - 54,700 -3,708,698 17,864,787 33 108,962 3,205,168 34,381 107,168 - 70,841 -4,065,323 16 8,508 72,439 44,715,809 + 612,725 -4,191,936 22,913,328 - 81,287 - 16,771,167 9,224 879,703 435,695 18,095,789 2,806,191 + + 513,422 423,768 18,034 120,896 49,276 737,944 -3,164,916 - 582,247 + 139,914 51,748 -3,658,997 53,466 12,014 43,827,322 + 597 + 607,970 654 -4,249,006 214,871 488,173 27,543 157,900 44,715,809 170 3,853,624 5,943,050 1,379,200 6,615,300 56.3# 7,399 1,089 + 989 + 709,434 + 127 - 15,075 + 4,577 + 612,725 .1% 324 10 + - + + 2,201 42,214 535,969 10,642 21,462 + 25,046 -4,191,936 + 5.3$ + 2,913 1,498 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 15, 1950 (in thousands of dollars) A S S E T S Total Boston 22,565,430 871,248 536,426 50,309 Total gold certificate 23,101,856 reserves 921,557 Gold certificates Redemption fund for F. R. notes Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U.S.Government securities T °securities aPd New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. 601,479 2597,729 670,724 442,338 851,629 80,435 42,495 22,161 34,431 7,387,826 1269,953 1634,494 1084,843 1031,340 4440,313 713,219 464,499 886,060 36,688 7,562 12,690 1,898 5,153 2,008 96 10,267 5,305 13,196 2,891 38,066 3,764 350,892 541,144 125,583 602,356 7,342,985 1223,185 1576,717 1034,906 44,841 46,768 57,777 49,937 992,612 4359,878 38,728 19,598 3,927 26,797 41,747 628,276 2639,476 293,454 71,114 2,499 21,288 4,265 77,198 25,630 16,225 4,679 2,290 24,606 4,799 1 18,479 4,386 112 3,853,624 5,943,050 1,379,200 6.615,300 265,669 409,715 95,082 456,058 898,249 1,385,276 321,481 1,541,974 256,270 395,220 91,718 439,923 357,216 550,896 127,846 613,212 248,967 383,957 89,105 427,387 206,415 584,394 318,334 901,252 73,875 209,153 354,343 1003,197 212,570 327,824 76,078 364,907 119,227 183,872 42,671 204,671 178,820 275,775 63,999 306,970 174,935 269,785 62,609 300,302 17,791,174 1226,524 4,146,980 1183,131 1649,170 1149,4l6 952,967 2697,996 981,379 550,441 825,564 807,631 1619,975 17,864,78? 1230,789 4,172,610 1190,100 1653,970 1153,914 956,894 2705,558 983,277 552,5^5 830,869 810,522 1623,739 il 1 ill 4 il il itII il 11 "if it TOTAL ASSETS 44,715,809 2442,821 12,288,027 2706,934 3635,955 2531,029 2255,280 7751,032 1899,006 1115,790 1894,580 1599,004 4596,351 l/ After deducting $23,000 participations of other Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 15, 1950 (In.thousands of dollars) New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. 5,217,585 1596,329 2011,760 1527,881 1271,114 4429,354 1062,112 606,771 910,179 Total Boston L I A B I L I T I E S Federal Reserve notes 22,913,328 1367,739 Deposits: Member bank-reserve acct. 725,101 5,641,472 764 U.S.Treasurer-general acct. 9,224 731 _l/280,395 Foreign 879,703 55,037 367,121 Other 435,695 2,875 Total deposits 18,095,789 Deferred availability items 2,806,191 Other liabilities including accrued dividends 12,014 783,744 233,568 6,289,752 514,272 805 3,428 Dallas SanFran. 615,508 2296,996 780,053 1208,634 623 1,401 69,888 79,497 1,363 5,037 678,022 526 43,680 4,421 700,913 2623,656 840 897 36,691 120,557 2,634 5,360 595,289 679 31,450 8,633 388,668 492 21,840 1,181 779,878 759 32,323 2,819 791,212 1858,269 583 929 30,576 77,769 833 33,418 851,927 1294,569 188,598 246,896 726,649 228,770 741,078 2750,470 203,017 446,627 636,051 164,828 412,181 71,968 815,779 133,390 823,204 1970,385 126,065 248,192 463 666 431 607 1,198 600 468 1,909 484 955 43,827,322 2385,856 12,025,037 2637,461 3554,423 2483,900 2215,677 7628,360 1863,454 1091,586 1859,779 1565,261 4516,528 TOTAL LIABILITIES Capital paid in 214,871 12,098 72,977 15,332 19,904 9,412 8,611 27,316 7,128 4,869 7,669 8,863 20,692 Surplus (Section 7) 488,173 30,778 148,149 38,205 45,957 23,779 21,194 72,029 19,118 12,494 18,045 15,873 42,552 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 157,900 11,078 34,545 11,447 14,665 10,589 9,036 21,898 8,785 5,768 7,950 7,700 14,439 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,715,809 2442,821 12,288,027 2706,934 3635,955 2531,029 2255,280 7751,032 1899,006 1115,790 1894,580 1599,004 4596,351 Contingent liability on acceptances purchased for foreign correspondents 266 311 1,021 185 274 259 659 673 7,399 466 2/2,323 370 592 Commitments to make industrial loans 4o8 124 112 1,089 445 F.R. notes outstanding 23,691,556 1414,666 5,387,689 1642,990 2088,355 1596,399 1325,574 4507,475 1103,739 617,950 934,364 651,194 2421,161 Collateral for F.R. notes held by F.R. Agents: Gold certificates 14, 149,000 440,000 4,670,000 750,000 1000,000 670,000 675,000 2950,000 400,000 210,000 280,000 204,000 1900,000 Eligible paper 1,600 3,740 22,216 950 11,985 1,295 — 2,271 375 U.S. Govt, securities 10,700,000 1100,000 900,000 1000,000 1150,000 1000,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Over 16 to 6l to 1 to 2 Within 91 days to 2 to 5 6 months 31 to years 5 years years 60 days 6 months Total 15 days 90 days to 1 year 30 days Discounts and advances 6,401 32,did 3,335" 2b,750 fiTll^ Industrial loans 1 189 1,155 288 699 13 2,499 59 95 U.S. Govt, securities 4,625,800 1,200,087 2,133,700 2,707,650 711,800 2,370,300 683,593 952,585 17,791,174 2,405,659 l/ After deducting $599,290,000 participations of other Federal Reserve Banks. 2/ After deducting $5,076,000 participations of other Federal Reserve Banks. S
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