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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) March 23, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 22 member bank reserve balances decreased $802 million. Reductions in member bank reserves resulted from an increase of $750 million in Treasury deposits with Federal Reserve Banks and decreases of $228 million in Reserve Bank credit and $49 million in gold stock, offset in part by decreases of $51 million in money in circulation and $174 million in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on March 22 were estimated to be approximately $670 million. Holdings of loans, discounts and advances increased $115 million, while holdings of United States Government securities decreased $218 million, the latter change reflecting decreases of $95 million in certificates, $86 million in bonds, and $37 million in bills. The decrease in certificates was due in part to the redemption during the week of the $108 million certificates of indebtedness-special series held on March 15• Changes in member bank reserve balances and related items during the week and the year ended March 22, 1950* were as follows: Increase or decrease since March 22, 1950 March 15, 1950 March 23, 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 17,573 -218 +115 -125 -4,102 - 4o6 + 31 18,036 -228 - 49 - l -4,476 36 + 12 -802 - 51 + 1 -3,391 - 451 19 - 673 + 34 189 274 Total Reserve Bank credit Gold stock Treasury currency 24,271 4,600 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 15,969 26,972 1,308 759 1,900 +750 -174 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Mar. 22, 1950 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Mar. 15, 1950 Mar. 23, 1949 22,515,430 532,517 23,047,947 - 50,000 - 3,909 - 53,909 + - 59,000 80,310 21,310 Other cash 287,284 - 6,170 - 46,604 Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 186,461 +115,347 + 181 + 407,4l4 1,914 3,816,875 - 36,749 - 94,500 6,528,700 - 86,600 -1,400,918 - 783,219 +1,011,650 -2,929,250 17,573,325 -217,849 -4,101,737 17,762,466 33 111,991 -102,321 -4,507,237 34,476 110,643 + 3,029 -452,487 + 95 + 3,475 + + - 44,107,521 -608,288 -4,553,301 22,856,146 - 57,182 - 521,243 -802,607 -3,391,779 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 2,680 5,848,550 1,379,200 2,752,681 15,968,560 758,739 839,250 299,732 +749,515 - 40,453 -135,963 2,478,864 -327,327 17,866,281 12,020 43,213,311 214,934 488,173 27,543 163,560 44,107,521 56.6$ 7,317 1,176 -229,508 -614,011 16 8,221 69,508 2,303 41,724 - 672,811 + 131,804 - 189,324 -4,122,110 + 38,332 t - , 4,817 -4,609,838 63 + + 10,713 21,462 + 5,660 -608,288 + 24,362 • 3fo + 5.7% 82 + 2,577 1,347 87 -4,553,301 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 22, 1950 (In thousands of dollars) A S S E T S Total Boston 22,515,430 888,698 532,517 50,138 Total :gold certificate reserves 23,047,947 938,836 Gold certificates Redemption fund for F. R. notes Other cash Discounts and advances Industrial loans U. S. Govt, securities Bills Certificates Notes Bonds 287,284 186,461 2,680 20,563 5,402 3,816,875 5,848,550 1,379,200 6,528,700 263,135 403,199 95,082 450,089 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 6,878,130 1274,671 1616,836 1061,277 1044,121 4412,486 Minn. Kans.Cy. 697,333 485,138 42,426 22,133 34,378 6,922,239 1321,117 1674,407 1109,490 1082,676 4492,677 739,759 507,271 898,358 5,798 9,433 181 10,427 18,068 46,446 44,109 70,026 75,713 16,855 4,389 2,380 «****» 889,683 1,363,249 321,481 1,521,788 57,571 20,707 9,633 1 48,213 18,074 12,846 118 38,555 22,673 1,885 80,191 35,378 34,924 13,419 3,687 253,826 353,809 246,593 388,935 542,138 377,851 91,718 127,846 89,105 434,165 605,184 421,793 204,447 578,822 313,273 886,921 73,875 209,153 349,703 990,064 Dallas SanFran. 863,980 638,980 2653,780 26,743 4l,6l4 665,723 2695,394 12,609 2,506 40,755 7,975 210,543 322,611 76,078 360,130 118,090 177,114 173,267 180,948 271,391 265,495 42,671 62,609 63,999 201,992 302,951 296,370 347,546 532,539 125,583 594,471 Total U^.Government —securities 17,573,325 1211,505 4,096,201 1168,644 1628,977 1135,342 941,298 2664,960 969,362 543,701 815,455 797,741 1600,139 Total loans and securities 17,762,466 1216,907 4,171,914 1175,413 1638,611 1148,306 943,183 2699,884 973,049 553,315 833,523 800,247 1608,114 1 5 14,389 15,994 215,589 420,075 1,515 3,649 16,896 5,931 1 8,060 149,378 2,047 7,174 1 3,826 77,392 1,140 3,302 1 5,259 148,460 2,298 5,243 1 3 17,082 5,490 124,232 223,401 710 3,805 4,942 9,828 Due from foreign banks 33 F.R.notes of other banks 111,991 Uncollected items 2,752,681 Bank premises 34,476 Other assets 110,643 TOTAL ASSETS 2 4,379 218,037 1,120 7,602 1/ 10 15,622 490,911 7,839 25,156 2 3 3 3,416 4,760 12,714 201,957 255,704 227,545 4,906 2,975 2,472 10,405 7,122 7,042 44,107,521 2407,446 11,704,71? 2728,858 3609,503 2525,645 2287,562 7682,953 1892,887 1152,045 1903,569 1613,954 4598,382 1/ After deducting $23,000 participations of other Federal Reserve Banks H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 22, 1950 (in thousands of dollars) Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Total 22,856,146 1365,618 5,204,320 1596,240 2010,445 1520,531 1269,262 4423,773 1057,202 606,030 907,650 612,178 2282,897 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve acct. 15,968,560 682,695 43,756 U.S.Treasurer-general acct. 758,739 52,555 Foreign 839,250 3,388 Other 299,732 Total deposits 17,866,28l 782,394 Deferred availability items 2,478,864 201,213 Other liabilities including 809 accrued dividends 12,020 TOTAL LIABILITIES 43,213,311 2350,034 12,098 Capital paid in 214,934 30,778 Surplus (Section 7) 483,173 3,011 Surplus (Section 13b) 27,543 11,525 Other capital accounts 163,560 TOTAL LIABILITIES AND 44,107,521 2407,446 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 454 7,317 Commitments to make industrial loans l, 176 — 23,630,162 1416,045 F.R. notes outstanding Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,249,000 440,000 Eligible paper 2,800 108,451 U.S. Govt, securities 10,700,000 1100,000 Discounts and advances Industrial loans U.S. Govt, securities http://fraser.stlouisfed.org/ Federal Reserve < Bank of St. Louis Total 186,46l 2,680 17,573,325 5,135,597 765,606 1154,664 652,525 694,669 2551,742 575,907 376,847 752,775 776,814 1848,719 35,198 61,676' 48,588 97,145 42,860 52,307 37,843 176,409 51,524 65,765 45,668 35,036 115,120 30,031 20,855 30,865 29,197 74,263 1/266,970 66,736 75,912 41,710 750 34,714 964 5,349 5,745 1,846 3,443 232,786 2,303 5,198 3,226 5,811,762 886,169 1301,539 743,129 779,277 2769,356 654,543 451,855 824,926 841,959 2019,372 421,186 175,917 214,140 213,831 198,601 364,279 144,801 69,396 135,469 125,280 214,751 384 407. 525 2,065 9901 547 3,203 664 1,302 669 455 11,440,471 2658,990 3527,426 2478,160 2247,665 7559,473 1857,001 1127,665 1868,452 1579,964 4518,010 72,995 15,334 19,918 9,420 8,611 27,320 7,128 4,871 7,674 8,869 20,696 148,149 38,205 45,957 23,779 21,194 72,029 19,118 12,494 18,045 15,873 42,552 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 35,783 11,840 15,196 10,937 9,330 22,702 9,119 5,942 8,261 7,941 14,984 11,704,717 2728,858 3609,503 2525,645 2287,562 7682,953 1892,887 1152,045 1903,569 1613,954 4598,382 2/2,373 577 656 360 303 260 994 180 267 252 64l 124 252 445 355 — „ „ 5,363,865 1644,692 2084,523 1586,813 1326,320 4502,292 1096,728 616,991 933,963 646,269 24ll,66l 4,,670,000 750,000 1000,000 670,000 675,000 2950,,000 400,000 210,000 280,000 204 10,481 8,400 2,200 16,540 62,645 1,O85 1000,000 700,000 1600, 000 800,000 450,000 000 1150,000 700,000 500 900,000 1000, MATURITY DISTRIBUTION OF LOANS AND SECURITIES 91 days to 61 to 6 months 1 to 2 2 to 5 16 to 31 to Within years years 6 months to 1 year 60 days 90 days 30 days 15 days 2,000 1,540 40,305 142,6l6 8 1,166 292 12 100 276 67 759 711,800 2,223,604 2,370,300 1,346,212 : 2,133,700 2,721,150 1,142,418 384,941 — — 2/ After deducting — * — — — — — 4,300 800,000 Over 5 years — — — $4,944,000 participations of other Federal Reserve Banks. 4,539,200
@FedFRASER