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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate R e l e a s e ) M a r c h 9 , 1950 CONDITION OF THE FEDERAL RESERVE BANKS D u r i n g t h e week e n d e d M a r c h 8 member h a n k r e s e r v e b a l a n c e s d e c r e a s e d $30 m i l l i o n . R e d u c t i o n s i n member b a n k r e s e r v e s r e s u l t e d f r o m a d e c r e a s e o f $ 9 1 m i l l i o n i n R e s e r v e Bank c r e d i t a n d i n c r e a s e s o f $ 4 ^ m i l l i o n i n money i n c i r c u l a t i o n , $6 m i l l i o n i n T r e a s u r y c a s h , a n d $ 1 3 m i l l i o n i n nonmember d e p o s i t s a n d 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 , o f f s e t i n p a r t b y a d e c r e a s e of $ 1 2 2 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 B a n k s . E x c e s s r e s e r v e s o f member b a n k s o n March 8 w e r e e s t i m a t e d t o b e a p p r o x i m a t e l y $ 9 7 0 m i l l i o n . Holdings of l o a n s , d i s c o u n t s and advances d e c r e a s e d $226 m i l l i o n w h i l e h o l d i n g s of U n i t e d S t a t e s Government s e c u r i t i e s i n c r e a s e d $89 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 i n c r e a s e s of $72 m i l l i o n i n b i l l s and $53 m i l l i o n i n c e r t i f i c a t e s and a d e c r e a s e of $36 m i l l i o n i n b o n d s . C h a n g e s i n member b a n k r e s e r v e b a l a n c e s a n d r e l a t e d i t e m s d u r i n g t h e week a n d t h e y e a r e n d e d M a r c h 8 , 1 9 5 0 w e r e a s f o l l o w s : Increase or decrease since March 8 , I.95O March 1 , 1950 March 9 , 1949 ( I n m i l l i o n s of d o l l a r s ) U. S . G o v e r n m e n t s e c u r i t i e s Loans, d i s c o u n t s and advances O t h e r R e s e r v e Bank c r e d i t 17,846 428 90 + 89 -226 + 47 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 18,363 - 91 24,345 4,601 + Member b a n k 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 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 a n d o t h e r F . R• a c c o u n t s 1 27,105 - 30 + 45 + 6 433 2,193 -122 + 13 16,258 1,322 -3,683 - ll4 + 158 -3,640 + 50 + 14 -3,166 - 472 + 2 - 278 + 339 H.4..1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) Increase or decrease since A S S E T S Gold c e r t i f i c a t e s Redemption fund f o r F. R. n o t e s Total gold c e r t i f i c a t e r e s e r v e s Other cash Discounts and advances Industrial loans U. S. Govt, s e c u r i t i e s : Bills Certificates Notes Bonds Total U. S. Government securities Total_loansandsecurities Due from f o r e i g n banks F. R. n o t e s of o t h e r banks U n c o l l e c t e d items Bank premises Other a s s e t s TOTAL ASSETS L I A B I L I T I E S Federal Reserve n o t e s Depositsj Member bank-reserve account U. S. Treasurer-general account Foreign Other Total d e p o s i t s 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 ACCOUNTS Capital paid i n Surplus ( S e c t i o n 7) Surplus ( S e c t i o n 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold c e r t i f i c a t e r e s e r v e s to d e p o s i t and F. R. note l i a b i l i t i e s combined Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents Commitments to make i n d u s t r i a l l o a n s March 8 , 1950 March 1 , 1950 1 1 + + 149,002 75,853 73,149 286,868 - 24,411 - 60,136 87,287 2,467 -226,213 + 56 + 115,674 1,712 3,944,724 5,835,050 1,262,500 6,803,600 + 71,500 + 53,600 - 36,100 -1,072,779 - 598,719 + 921,450 -2,933,177 17,845,874 + 89,000 -3,683,225 17,935,628 33 107,973 2,495,734 34,254 122,243 -137,157 + 1,424 -234,575 + 9 + 4,265 -3,797,187 16 11,408 + 98,998 + 2,071 50,020 44,103,084 -390,445 -3,744,549 22,994,615 + 25,849 - 16,257,745 432,992 897,737 556,591 18,145,665 2,068,247 - 29,979 -121,867 + 12,741 - 2,321 —141,426 -281,334 -3,165,998 - 277,831 + 152,793 + 78,975 - 3 , 2 1 2 ,061 58,296 n,4i7 + 1,452 -395,459 415 -3,003,871 + + + 22,582,430 537,921 23,120,351 43,219,344 214,701 488,173 27,543 153,323 44,103,084 56.2# 7,723 1,099 «• + March 9 , 1949 61 533,099 11,161 21,462 + 4,953 -390,445 + 26,699 -3,744,549 + + h,9% + 4,089 1,513 141 70 H.4,1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 8 , 1 9 5 0 ( I n thousands o f d o l l a r s ) A S S E T S Total Boston 22,582,430 863,402 537,921 50,46? Total gold c e r t i f i c a t e reserves 23,120,351 913,869 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 c a s h 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 New York Phila. Cleve. Rich. Atlanta Chicago S t . L o u i s 7 , 2 4 3 , 5 8 4 1235,133 1599,895 1077,121 1022,632 4304,432 Minn. Kans.Cy. D a l l a s SanFran. 692,314 465,478 850,161 80,678 42,561 22,185 34,479 7 , 2 8 9 , 1 3 1 1282,219 1657,860 1126,440 1061,533 4385,110 734,875 487,663 884,640 36,230 11,269 11,754 2,587 5,819 1,810 96 10,241 4,961 13,448 1,593 40,671 12,898 359,187 531,310 114,957 619,502 45,54? >7,086 57,965 49,319 38,901 20,367 2,090 650,016 2578,262 26,850 41,883 676,866 2620,145 286,868 87,287 2,467 23,247 8,305 67,729 22,708 17,808 4,519 2,263 22,383 9,456 1 17,171 5,091 107 3,944,724 5,835,050 1,262,500 6,803,600 271,949 402,269 87,037 469,040 919,484 1,360,102 294,279 1,585,865 262,328 388,038 83,957 452,446 365,660 540,885 117,029 630,667 254,853 376,980 81,565 439,553 211,295 598,209 312,549 884,874 67,624 191,456 364,428 1031,752 217,595 321,867 69,641 375,293 122,046 180,531 39,060 210,497 183,047 270,763 58,584 315,708 179,071 264,882 57,311 308,849 T o t a l U.S.Government securities 17,845,874 1230,295 4,159,730 1186,769-1654,241 1152,951 955,896 2706,291 984,396 552,134 828,102 810,113 1624,956 T o t a l l o a n s and securities: 17,935,628 1238,600 4,182,438 1193,551 1663,698 1158,149 957,986 2717,560 986,983 554,040 833,063 811,706 1637,854 1 15,912 193,158 1,516 6,520 1 7,192 138,919 2,037 7,791 1 2,742 73,070 1,140 3,654 1 5,241 150,855 2,298 5,683 1 4,388 112,894 710 5,377 Due f r om f o r e i g n banks 33 F . R . n o t e s o f o t h e r banks 1 0 7 , 9 7 3 Uncollected items 2,495,734 Bank p r e m i s e s 34,254 other a s s e t s 122,243 TOTAL ASSETS 2 3,219 192,758 1,120 8,325 1 / 10 17,981 437,052 7,836 27,822 3 4,244 169,559 2,975 7,841 3 4,632 212,835 4,910 11,42? 2 15,995 186,298 2,473 7,882 5 15,119 425,964 3,594 18,580 3 11,308 202,372 3,645 11,341 4 4 , 1 0 3 , 0 8 4 2381,140 1 2 , 0 2 9 , 9 9 9 2678,200 3577,748 2 5 1 4 , 4 l 0 2256,993 7602,162 1889,552 1128,129 1892,022 1625,390 4527,339 l/ 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. a.U.i(c) Total Boston L . I A B I L I T I B S Federal Reserve n o t e s 22,994,615 1369,694 Deposits* Member b a n k - r e s e r v e a c c t . 1 6 , 2 5 7 * 7 4 5 6 9 0 , 8 9 1 U . S . T r e a s u r e r - g e n e r a l a c c t . Ij.32,992 32,032 Foreign 897,737 56,039 Other 556,591 3,625 Total deposits 13,145,065 Deferred a v a i l a b i l i t y items 2,068,247 Other l i a b i l i t i e s i n c l u d i n g accrued dividends 11,417 TOTAL LIABILITIES 43,219,344 Capital paid in 214,701 S u r p l u s ( S e c t i o n 7) 488,173 S u r p l u s ( S e c t i o n 13b) 27,543 Other c a p i t a l accounts 153.323 TOTAL LIABILITIES AND .CAPITAL ACCOUNTS 44,103,084 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 foreign correspondents 7,723 Commitments t o make i n d u s t r i a l loans 1,099 F.R. notes outstanding 23,751,997 C o l l a t e r a l f o r F.R. notes h e l d by F . R . A g e n t s : Gold c e r t i f i c a t e s 14,149,000 E l i g i b l e paper 32,182 U.S. Govt, s e c u r i t i e s 10,700,000 Total D i s c o u n t s and advances I n d u s t r i a l loans U.S. Govt, s e c u r i t i e s 87,287 2,467 17,845,874 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 8 , 1950 ( I n thousands of d o l l a r s ) New York Phila. Cleve. R i c h . A t l a n t a Chicagp S t . L o u i s Minn. Kans.Cy. 5 , 2 3 7 , 3 1 3 1 6 0 1 , 8 2 4 2 0 1 7 , 0 4 8 1 5 3 5 , 9 1 8 1 2 7 4 , 0 4 6 14+36,330 1 0 6 5 , 1 7 0 6 0 8 , 7 9 7 9 1 5 , 4 2 2 D a l l a s San F r a n . 622,328 2 3 1 0 , 7 2 5 5,293,471 86,879 1/287,738 491,303 754,061 1185,079 36,655 36,368 71,160 80,945 2,545 4,517 684,032 34,648 44,475 3,898 712,319 2566,217 32,233 38,823 37,359 122,751 2,623 2,874 599,591 28,155 32,022 6,571 386,378 36,281 22,238 1.100 760,971 21,539 32,693 1,340 807,963 1816,772 23,801 25,528 79,184 31,133 1,682 34,513 782,637 171,335 6,159,391 368,533 864,421 1306,909 142,180 171,506 767,053 l61j.,009 784,534 2 7 3 0 , 6 6 5 866,306 1954,270 102,912 181,732 801 2,977 645 1,271 634 816,543 311,347 666,339 122,277 445,997 158,593 48,755 125,068 509 1,929 458 553 414 424 802 2 3 2 4 , 4 6 7 1 1 , 7 6 8 , 2 1 4 2 6 0 9 , 0 7 0 3 4 9 6 , 7 3 4 2 4 6 7 , 6 1 4 2 2 1 7 , 6 8 2 7 4 8 0 , 2 7 1 1854,2144 1 1 0 4 , 1 0 2 1 8 5 7 , 4 4 7 1 5 9 1 , 9 7 0 4 4 4 7 , 5 2 9 4,869 7,650 8,774 20,685 12,084 72,967 15,328 19,901 9,415 8,592 27,313 7,123 12,494 1 8 , 0 4 5 15,873 42,552 30,778 148,149 38,205 45,957 23,779 21,194 72,029 19,118 1,073 1,137 1,307 2,l4o 4,489 1,006 3,349 762 1,429 521 3,011 7,319 10.800 33,350 11,108 14.150 10,253 8,763 21,120 8,546 5,591 7,743 7,466 14,433 2381,140 1 2 , 0 2 9 , 9 9 9 2678,200 3577,748 2 5 1 4 , 4 i o 2256,993 7602,162 1889,552 1128,129 1892,022 1625,390 4527,339 386 324 1,066 278 193 286 — 1416,592 — 1)04 446 13 — 112 —— 5 , 4 0 5 , 6 3 0 1648,468 2089,943 1601,326 1326,789 4 5 1 3 , 0 6 4 1110,123 618,913 938,078 656,025 2427,041 440,000 5,546 1100,000 4 , 6 7 0 , 0 0 0 750,000 1000,000 670,000 8,655 1,015 — 2,901 900,000 1000,000 1150,000 1000,000 210,000 280,000 3,340 700,000 204,000 1900,000 — 9,000 500,000 800,000 487 2/2,425 Within 15 d a y s 44,382 5 1,122,492 l/ 2/ 618 703 675,000 2950,000 — — 700,000 1600,000 400,000 1,010 800,000 715 450,000 270 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 61 t o 31 t o 9 1 days to 6 months 1 to 2 l 6 to 2 to 5 60 d a y s 6 months 90 d a y s to 1 year years years 30 days 3,865 2,500 36,540 — 92 13 61 187 1,152 280 677 775,561 997,051 2,1(46,620 1,892,700 2,948,650 711,800 2,253,600 A f t e r d e d u c t i n g $609,979,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. A f t e r deducting $5,298,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. Over 5 years 4,697,400 687
@FedFRASER