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BOARD OP GOVERNORS OP THE FEDERAL RESERVE SYSTEM H.U.I (For Immediate Release) March $0, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 29 member bank reserve balances decreased $187 million# Reductions in member bank reserves resulted from increases of $238 million in Treasury deposits with Federal Reserve Banks, $13 million in Treasury cash, and $21 million in nonmember deposits and other Federal Reserve accounts, and a decrease of #2$ million in gold stock, offset in part by an increase of $>108 million in Reserve Bank credit and a decrease of $3 million in money in circulation. Excess reserves of member banks on March 29 were estimated to be approximately $500 million. Holdings of loans, discounts and advances increased $ 1 7 8 million, while holdings of United States Government securities decreased $57 million, the latter change reflecting increases of $46 million in bills and $10 million in certificates and a decrease of $113 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended March 29, 1950 were as follows: Increase or decrease since March 29, 1950 March 22, 1950 March 30, 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 17,516 367 261 - 57 +178 - 13 -4,312 + 68 + 10 Total Reserve Bank credit Gold stock Treasury currency 18,l44 24,246 4,599 +108 - 25 - 1 - Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 15,782 26,969 1,321 997 1,921 -187 - 3 + 13 +238 + 21 -4,234 + 65 8 -3,237 - 434 + * 1 681 60 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 Mar. 29, 1950 Mar. 22, 1950 Mar. 30, 19^9 22,478,427 $4l,340 23,019,7^7 - 37,003 + 8,823 - 28,180 + - 11,998 68,880 56,882 Other cash 273,093 - 14,191 - 67,136 Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 364,876 2,569 +178,415 111 + + 66,760 1,808 3,862,875 5,858,550 1,379,200 6,415,100 + 46,000 + 10,000 --113,600 -1,437,444 -1,008,429 + 994,600 -2,861,400 17,515,725 - 57,600 -4,312,673 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 17,883,170 33 111,095 2,569,500 34,427 113,247 +120,704 -896 -183,181 49 + 2,6o4 -4,244,105 l6 8,577 + 113,909 + 2,290 43,576 44,004,332 -103,189 -4,304,093 22,848,577 - - 15,781,561 996,839 878,725 276,387 17,933,512 2,308,763 -186,999 +238,100 + 39,475 - 23,345 + 67,231 -170,101 -3,237,002 - 681,402 + 184,517 - 219,823 -3,953,710 + 103,837 13,255 43,104,107 + 1,235 -109,204 1,747 -4,359,839 214,969 488,173 27,543 169,540 44,004,332 + + + TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve account U. S. Treasurer-general account Foreign Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Commitments to make industrial loans 56.4$ 7,891 1,274 7,5^9 35 -- 508,219 10,719 21,462 + 5,980 -103,189 + 23,5^5 -4,304,093 - + 5*^$ + 2,899 1,238 + + .2$ 574 98 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 29, 1950 (In thousands of dollars) * A S S E T S Total Boston 22,478,427 900,568 541,340 49.989 Total gold certificate reserves 23,019,76? 950,557 Gold certificates Redemption fund for F. R. notes Other cash 273,093 17,985 Discounts and advances 364,876 8,045 Industrial loans 2,569 U. S„ Govt, securities: Bills 3,862,875 266,307 Certificates 5,858,550 403,888 Notes 1,379,200 95.082 Bonds Total U.S.Government securities Total loans and securities Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. 6,763,962 1299,510 1673,913 1078,569 1050,881 4446,232 697,276 490,987 845,395 636,200 2594,934 k3 k11 ' k6 >181 57,381 48,861 6,807,433 1345,697 1731,294 1127,432 38,411 89.094 42.179 22.096 34.141 26,705 iq, 5 2 ^ 1089,292 4536,226 739,655 513,063 879,736 662,905 2636,457 1:& I?;*1! ihlll tig j&l 2,288 100 4 S E 1:S l : E l ; S l-'i 5,223 6,720 180 9,926 16,300 IS K m 12,119 1,488 36,719 3,631 M'Mi 17,515,725 1207,534 4,082,776 1164,813 1623,638 1131,621 938,212 2656,225 966,185 541,919 812,782 795,126 1594,894 17,883,170 1215,579 4,302,177 1172,105 1635,627 1156,322 946,876 2708,080 973,364 548,819 829,082 796,614 1598,525 Due from foreign banks 33 F.R.notes of other banks 111,095 Uncollected items 2,569,500 Bank premises 34,427 Other assets 113,247 TOTAL ASSETS New York 2 4,303 202,738 1,115 7,731 l/lO 3 3 "5V033174:a&:Iw 2 1 5 1 6,657 1 1 1 3 3,663 5,598 5,370 19,744 68,365 122,047 113,350 237,543 44,004,332 2400,010 11,679,031 2722,776 3672,071 2533,637 2262,962 7722,581 1874,565 1143,618 1854,093 1596,090 4542,898 1/ After deducting $23,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ONMARCH 29, 1950 (In thousands of dollars) H,4.1(c) L I A B I L I T I E S Total Federal Reserve notes 22,848,577 Deposits: Member bank-reserve acct. 15,781,561 U.S.Treasurer-general acct. 996,839 Foreign 878,725 Other 276,387 Total deposits 17,933,512 Deferred availability items 2,308,763 Other liabilities including accrued dividends 13,255 Boston New York 657,297 73,719 54,804 2,423 788,243 Phila. Cleve. Rich. 5,185,674 141,790 1/281,954 214,887 759,261 1142,296 67,703 137,343 69,592 79,161 1,356 4,077 5,824,305 897,912 1362,877 154,409 214,772 Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. 646,978 72,043 43,495 2,423 681,647 2450,284 566,915 380,178 738,586 764,425 1808,020 764,939 199,325 1368,117 5,199,423 1599,440 2010,366 1520,785 1271,398 4418,843 1055,130 604,746 906,696 613,263 2280,370 185,020 903 385,906 3,740 31,316 50,569 21,748 23,390 38,874 43,450 6,317 1,480 4,352 30,447 569 77,440 33,471 778,060 2813,691 654,300 172,680 363,587 128,410 453,975 798,514 59,211 238,995 49,752 666 4,366 36,536 120,046 59,906 32,186 112,995 834,315 1962,381 113,634 218,119 616 1,100 3589,412 2485,769 2222,742 7598,216 1838,345 1119,034 1818,637 1561,828 4461,970 19,922 9,421 8,618 27,323 7,130 4,873 7,674 8,874 20,696 38,205 45,957 23,779 21,194 72,029 19,118 12,494 18,045 15,873 42,552 736 2652,497 15,335 1,397 720 6o4 2,095 505 407 432 TOTAL LIABILITIES 43,104,107 2342,283 11,413,374 12,098 73,005 Capital paid in 214,969 30,778 148,149 Surplus (Section 7) 488,173 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o Surplus (Section 13b) 27,543 11,840 37,184 12,250 15,774 11,319 9,646 23,584 9,451 6,144 8,600 8,208 15,540 Other capital accounts 169,540 TOTAL LIABILITIES AND 44,004,332 2400,010 11,679,031 2722,776 3672,071 2533,637 2262,962 7722,581 1874,565 1143,618 1854,093 1596,090 4542,898 CAPITAL ACCOUNTS Contingent liability on acceptances purchased 284 276 702 292 395 332 1,089 197 718 631 497 2/2,478 for foreign correspondents 7,891 Commitments to make 124 444 259 447 1,27 4 --— industrial loans 23,588,765 1416,922 5,349,574 1640,513 2084,828 1574,078 1325,667 4497,589 1098,051 6l4,644 935,104 648,138 2403,657 F.R. notes outstanding Collateral for F.R. notes held by F.R. Agents: Gold certificates 13,949,000 440,000 4,670,000 750,000 1000,000 670,000 675,000 2750,000 400,000 210,000 280,000 204,000 1900,000 14,790 5,700 200,080 1,740 22,261 5,710 5,475 Eligible paper 255,756 500,000 800,000 700,000 450,000 800,000 1000,000 1150,000 1000,000 700,000 1800,000 800,000 1100,000 U.S. Govt, securities 10,800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 2 to 5 ; 91 days to 1 to 2 6l to Over 6 months l6 to 31 to Within years years 60 days 6 months 5 years 90 days to 1 year 30 days 15 days Total Discounts and advances 10,144 2,380 320,601 31,751 364,876 264 1,080 Industrial loans 292 757 17 57 5 2,569 97 711,800 2,370,300 4,425,600 U.S. Govt, securities 2,133,700 2,731,150 3,350,617 882,852 2,346,711 562,995 17,515,725 l/ After deducting $596,751,000 participations of other Federal Reserve Banks 2/ After deducting $5,413,000 participations of other Federal Reserve Banks
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