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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) May 11, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 10 member bank reserve balances decreased $79 million. Reductions in member bank reserves resulted from a decrease of $214 million in Reserve Bank credit and an increase of $31 million in nonmember deposits and other Federal Reserve accounts, offset in part by decreases of $10 million in money in circulation, $8 million in Treasury cash, and $145 million in Treasury deposits with Federal Reserve Banks, and an increase of $2 million in gold stock. Excess reserves of member banks on May 10 were estimated to be approximately $?60 million. Holdings of loans, discounts and advances decreased $30 million and of United States Government securities $120 million, the latter change reflecting decreases of $57 million in bills, $13 million in certificates, and $122 million in bonds, and an increase of $72 million in notes. Changes in member bank reserve balances and related items during the week and the year ended May 10, 1950, were as follows: Increase or decrease since May 10, 1950 May 3, 1950 May 11 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 17,591 93 294 -120 - 30 ' - 63 -2,539 - 110 + 69 Total Reserve Bank credit Gold stock Treasury currency 17,978 24,249 4,602 -214 + 2 -2,581 86 + 10 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 15,907 27,041 1,318 533 2,031 - 79 - 10 - 8 -145 + 31 -2,257 - 411 + 4 - 380 + 389 8.4.1(a) i 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 May 10, 1950 22,524,430 523,646 23,048,076 192,132 May 3, , 1950 + + 14,999 + - - 14,128 - 73,958 „ + 30,086 27 + 112,285 1,917 — — — Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 17,591,225 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 17,684,263 29 97,416 2,525,939 34,595 132,133 + + TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-re serve 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 90,475 2,563 4,263,475 5,748,250 1,603,400 5,976,100 14,999 May 11, 1949 4,999 79,532 74,533 56,500 13,000 + 71,900 122,400 - 192,261 - 983,129 +1,241,800 -2,605,100 - 120,000 -2,538,690 - 150,059 5,295 28,817 66 2,091 -2,649,058 20 4,068 + 107,616 + 2,147 42,568 43,714,583 - 181,143 -2,734,442 22,844,716 - - 15,906,954 532,897 1,017,962 296,174 17,753,987 2,231,960 - 78,653 - 145,223 + 21,647 + 5,160 - 197,069 + 34,427 -2,257,018 - 379,820 + 517,527 - 220,808 -2,340,119 + 38,857 13,892 52,844^555 + 1,146 - 186,895 + 1,493 -2,785!014 215,663 488,173 27,543 454 — 43,714,583 - 181,143 -2,734,442 + + 3.6# + 27 1,112 56.8$ 5,567 1,289 - «• — •» - 25,399 .4% 874 15 + + 485,245 11,277 21,462 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 10, 1950 (In thousands of dollars) A S S E T S Total Redenption^fun^for Boston ^2,524,430 887,445 523.646 49.469 Total gold certificate reserves 23,048,076 936,914 F. R. notes Other cash Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 6 , 8 7 4 , 4 5 1 1258,058 1625,819 1086,473 1025,884 4460,574 671,312 Minn. Kans.Cy. 471,245 893,731 Dallas SanFran. 636,222 2 6 3 3 , 2 1 6 .^7 6 , 9 1 5 , 7 2 1 1303,264 1682,605 1134,104 1063,817 4539,893 192,132 90,475 2,563 17,006 9,957 39,194 26,052 11,623 5,529 2,262 4,263,475 5,748,250 1,603,400 5,976.100 293,924 396,285 110,538 411,992 993,782 1,339,871 373,740 1,392,981 283,525 382,264 106,628 397,417 17,671 15,122 1 11,605 5,030 117 395,207 275,446 532,840 371,372 148,629 103,589 553,960 386,092 16,605 4,722 -tj., \jyKJ 713,479 493,270 927,913 9,395 3,033 3,956 1,195 183 6,934 2,923 23,361 11,817 662,782 2 6 7 4 , 3 1 4 25,237 3,642 9,545 1,453 2 2 8 , 3 6 9 646,547 235,178 131,908 197,838 193,540 3 8 8 , 2 1 1 307,899 871,711 317,078 177,845 2 6 6 , 7 3 6 260,943 523,406 85,884 243,152 88,445 49,608 74,403 72,786 145,998 320,104 906,264 329,648 184,894 277,309 271,285 544,154 Total U«S*Ck>vernment securities 17,591,225 1212,739 4,100,374 1169,834 1630,636 1136,499 942,256 2667,674 970,349 544,255 816,286 798,554 1 6 0 1 , 7 6 9 1 7 , 6 8 4 , 2 6 3 1222,696 4,126,426 1177,625 1645,759 ll4l,646 946,978 2679,491 973,382 545,633 819,209 800,0(77 1605,411 Total loans and securities Due from foreign banks 29 2 i / 9 2 3 1 l 4 l l i i A * s r ""if IIil if il II11111111 *1 - 1 I TOTAL ASSETS 43,714,583 2395,651 1 1 , 5 9 9 , 1 8 6 2676,072 3591,608 2 5 1 9 , 3 9 1 2230,802 7693,100 1867,340 1119,632 1897,377 1591,381 4533,043 1/ After deducting $20,000 participations of other Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 10, 1950 (In thousands of dollars) S S Mass? 20^96 mVM &grn Total Boston L I A B I L I T I E S Federal Reserve, notes 22,844,716 1378,902 Deposits: Member bank-reserve acct. 15,906,954 665,221 5,149,466 746,455 1150,546 86,526 35,047 45,507 U. S.Treasurer-general acct. 532,897 37,407 80,968 92,101 1/323,641 63,762 Foreign 1,017,962 Other ^ u , X | - r 9 —' Total deposits 17,753,987 771,203 Deferred availability it 2,231,960 188,946 Other liabilities including 966 accrued dividends 13,892 5,780,691 409,892 864,178 1292,967 141,221 188,184 3,656 808 1,298 569,802 28,531 36,436 r v 766,390 192,355 714 371,741 28,927 25,303 762,659 2787,230 640,879 162,823 347,907 138,383 611 2,142 554 759,392 36,301 37,448 780,428 1801,732 22,538 50,490 35,424 90,096 V-I.V 427,417 60,812 843,751 112,613 886 484 838,958 1977,664 106,898 181,926 544 2473,443 2192,218 7573,018 1832,748 1096,026 1863,421 1558,354 4454,945 4,880 8,658 27,633 9,474 7,149 7,678 8,991 20,755 19,118 21,194 72,029 12,494 18,045 23,779 15,873 42,552 762 1,429 521 3,349 1,073 1,307 2,l4o 1,137 7,804 9,346 7,970 18,991 7,096 6,856 12,651 5,159 2519,391 2230,802 7693,100 1867,340 1119,632 1897,377 1591,381 4533,043 278 234 768 200 60 --257 1568,322 1324,716 4513,271 1099,412 670,000 3,040 950,000 675,000 2950,000 — — 700,000 1600,000 400,000 1,600 800,000 139 206 195 496 617,265 934,547 118 64i,4l6 2403,661 210,000 200 450,000 280,000 1,450 700,000 2000,000 100 — — — 500,000 800,000 — — — — — — MATURITY DISTRIBUTION OF LOANS AND SECURITIES 31 to 6l to 91 days to 6 months 1 to 2 2 to ; 60 days 90 days 6 months to 1 year years years 9,826 3,674 —5W 48 42 1,036 368 278 724 53 1,698,234 3,063,938 1 ,.2 2 9... ,051 1,786,500 1,150,150 921,700 2,671,200 l/ After deducting $694,301,000 participations of other Federal Reserve Banks. 2/ After deducting $3,819,000 participations of other Federal Reserve Backs. 16 to 30 days 1,229 O 1,083,852 1 94,312 139,670 8 Discounts and advances Industrial loans J.S. Govt, securities Total 90~575 2,563 17,591,225 Within 15 days 76,425 14 — * ~ 31,504 42,508 0 CVI 42,844,555 2340,017 11,340,672 2607,854 3511,839 TOTAL LIABILITIES Capital paid in 12,098 15,374 19,937 73,036 215,663 Surplus (Section 7) 148,149 38,205 45,957 30,778 488,173 4,489 1,006 Surplus (Section 13b) 3,oil 7,319 27,543 Other capital accounts 30,010 10,150 12,869 138,649 9,747 TOTAL LIABILITIES AND 43,714,583 2395,651 11,599,186 2676,072 3591,608 a, , CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 445 507 351 2/1,748 5,567 Commitments to make industrial loans 413 441 1,289 —~ F.R, notes outstanding 5,294,585 1636,297 2096,694 23,542,8911412,705 Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,249,000 440,000 4,670,000 750,000 1000,000 10,165 2,345 —- Eligible paper 26,350 7,450 8 0 0 , 0 0 0 1000,000 1150,000 U.S. Govt, securities 1 0 , 5 5 0 , 0 0 0 1100,000 ,102 686,162 2548,907 35,807 50,605 esssw Over 5 years 3,986,600
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