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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.U.I May 25, 1950 (For Immediate Release) CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 24 member bank reserve balances decreased $201 million. Reductions in member bank reserves resulted from a decrease of $318 million in Reserve Bank credit and an increase of $2 million in Treasury deposits with Federal Reserve Banks, offset in part by decreases of $72 million in money in circulation, $2 million in Treasury cash, and $45 million in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on May 24 were estimated to be approximately $ 6 3 0 million. Holdings of loans, discounts and advances increased $27 million, while holdings of United States Government securities decreased $111 million, the latter change reflecting decreases of $103 million in bills and $57 million in bonds, and increases of $44 million in certificates and $5 million in notes. Changes in member bank reserve balances and related items during the week and the year ended May 24, 1950, were as follows: Increase or decrease since May 24, 1950 May 17, 1950 May 25, 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 17,290 109 285 -111 + 27 -233 Total Reserve Bank credit Gold stock Treasury currency 17,683 24,230 4,601 -318 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. 15,922 26,908 1,292 428 1,964 -201 - 72 - 2 + 2 - 45 "» - - "• -2,401 - + 63 100 -2,365 - 109 + 10 -2,105 - 459 + 20 240 359 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) » Increase or decrease since 14,001 3,055 - 0 - <0 22,499,431 521,590 23,021,021 £ A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves May 25, 1949 May 17, 1950 May 24, 1950 - 30,000 65,548 95,548 Other cash 211,172 + 6,319 - 65,694 Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 106,090 2,585 + + 26,620 + 65,100 1,958 3,995,875 5,814,650 1,625,200 5,854,300 + + 17,290,025 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 17,398,700 29 111,496 2,644,879 34,867 140,307 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 44 103,400 - - - - 43,500 5,800 56,400 - 217,760 - 933,150 +1,266,100 -2,516,300 110,500 -2,401,110 83,836 137 3,751 -2,464,252 20 + 12,589 + 331,996 + 2,430 41,573 697,923 -2,320,072 — + - + + 959 608,197 43,562,471 - 22,712,503 - 83,134 15,922,110 - 201,241 - 52,919 428,221 + 276,310 17,595,899 2,360,373 + - 5,419 246,355 374,640 15,127 42,683,902 + 969,258 215,808 488,173 27,543 147,045 43,562,471 57.1% 5,426 1,292 2,386 -2,104,560 - 239,307 + 486,649 - 219,048 -2,076,266 232,548 2,007 + 2,249 41 + + 11,347 21,462 4,158 697,923 -2,369,886 + 17,005 -2,320,072 + + + 528,417 + - 702,122 - - 4l 14 3.2# 339 1,081 H. 4. 1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 24, I95O (In thousands of dollars) A S S E T S Total Boston 22,499,431 879,068 521,590 51,206 Total gold certificate 23,021,021 reserves 930,274 Gold certificates Redemption fund for F. R. notes Other cash Discounts and advances Industrial loans 0 . S. Govt, securities: Bills Certificates Notes Bonds 211,172 106,090 2,585 16,771 11,812 3,995,875 5,814,650 1,625,200 5,854,300 275,476 400,862 112,041 403,595 *•*»«* New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. 631,441 2651,123 6,873,977 1286,141 1635,397 1062,788 1018,473 4445,843 679,743 467,355 868,082 79,005 42,092 21,998 34,059 6,912,490 1331,894 1691,933 1110,027 1056,194 4524,848 721,835 489,353 902,141 13,037 7,443 3,738 10,620 196 10,242 6,313 38,513 41,780 22,597 —— — 931,406 1,355,349 378,821 1,364,591 45,753 56,536 47,239 37,721 15,233 3,909 2,276 17,858 18,157 1 14,204 6,575 112 17,870 3,742 265,730 386,680 108,077 389,317 370,402 538,994 150,650 542,670 258,158 375,660 104,998 378,223 214,035 311,456 87,052 313,580 23,328 9,247 --- - - - 26,502 40,966 657,943 2692,089 9,176 2,968 - —- 605,966 881,781 246,458 887,793 220,416 320,742 89,648 322,929 123,628 179,900 50,282 181,126 185,421 269,817 75,414 271,657 181,393 263,956 73,776 265,756 27,935 2,707 - - - 363,844 529,453 147,983 533,063 Total U.S.Government securities 17,290,025 1191,974 4,030,167 1149,804 1602,716 1117,039 926,123 2621,998 953,735 534,936 802,309 784,881 1574,343 Total loans and securities' 17,398,700 1203,786 4,052,764 1155,989 1620,874 1123,726 929,865 2631,245 961,178 545,752 808,622 787,849 1577,050 1 13,081 175,612 1,508 7,485 1 9,149 144,372 2,030 8,872 1 3,506 68,031 1,135 4,207 1 5,067 134,675 2,286 6,700 1 4,572 128,777 703 6,328 Due from foreign banks 29 F.R.notes of other banks 111,496 Uncollected items 2,644,879 Bank premises 34,867 Other assets 140,30? TOTAL ASSETS 2 5,810 206,971 1,111 9.449 1/ 9 19,127 498,030 7,806 31,843 2 5,709 180,142 2,959 8,969 3 5,978 261,494 4,871 13,054 1 11,082 224,974 2,479 9,321 4 16,039 417,636 3,752 21,338 3 12,376 204,165 4,227 12,741 43,562,471 2374,174 11,563,849 2700,897 3616,065 2495,814 2201,616 7638,190 1860,474 1115,723 1869,734 1595,349 4530,586 l/ After deducting $20,000 participations of other Federal Reserve Banks# H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 24, I95O (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. 22,712,503 1372,165 5,120,873 1 6 0 4 , 5 9 0 2 0 2 3 , 3 8 1 1497,764 1 2 5 0 , 2 9 5 4 4 2 4 , 8 2 4 1044,196 6 0 2 , 8 8 2 8 9 9 , 1 9 4 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve acct. 15,922,110 658,389 U.S.Treasurer-general acct . 428,221 2 8 , 6 2 5 Foreign 969,258 60,719 Other 276,310 3,771 Total deposits 17,595,899 751,504 Deferred availability items 2,360,373 193,305 Other liabilities including accrued dividends 15,127 992 TOTAL LIABILITIES 42,683,902 2 3 1 7 , 9 6 6 Capital paid in 215,808 12,100 Surplus (Section 7) 408,173 30,778 Surplus (Section 13b) 27,543 3,011 Other capital accounts 147,045 10,319 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 43,562,471 2 3 7 4 , 1 7 4 Contingent liability on acceptances purchased for foreign correspondents 5,426 342 Commitments to make industrial loans 1j292 ——— F.R. notes outstanding 23,456,486 1409,718 Collateral for F.ft. notes held by F.R. Agents: Gold certificates 14,249,000 440,000 Eligible paper 54,165 10,250 U.S. Govt, securities 10,450,000 1 1 0 0 , 0 0 0 Discounts and advances Industrial loans U.S. Govt, securities k Total 106,090 2,585 17,290,025 5,156,115 64,543 1/308,072 211,158 760,278 1 1 7 3 , 2 7 4 668,592 6 8 7 , 5 6 3 2527,959 575,925 3 8 0 , 0 8 3 31,056 31,624 32,152 2 5 , 5 2 8 57,632 28,805 23,574 77,104 87,706 48,190 40,480 133,004 34,697 24,095 1,172 4,224 1,965 610 4,650 4,988 988 5,739,888 8 6 9 , 6 1 0 1 2 9 6 , 8 2 8 437,907 157,073 213,7^2 750,899 199,922 754,181 2 7 2 3 , 2 4 5 6 4 4 , 4 1 5 157,447 366,457 1 3 6 , 2 2 0 428,740 59,795 Dallas SanFran. 604,128 2268,211 738,793 7 6 3 , 7 2 9 l 8 3 1 , 4 i c 31,433 32,272 40,977 35,661 33,733 85,797 8,451 552 33,781 814,338 121,368 830,286 1991,965 1 2 6 , 8 3 8 190,299 823 1,520 665 2,200 722 429 673 1,224 597 517 1 1 , 3 0 3 , 4 3 3 2 6 3 2 , 0 9 6 3535,471 2449,307 2 1 6 2 , 5 8 8 7 5 1 6 , 7 2 6 1 8 2 5 , 4 2 8 1091,846 1835,417 1 5 6 1 , 9 2 5 4451,699 73,029 15,375 19,950 9,485 8,658 27,737 7,154 4,883 7,680 9,002 20,755 148,149 38,205 45,957 23,779 21,194 7 2 , 0 2 9 19,118 12,494 18,045 15,873 42,552 4,765 7,319 31,919 4,489 10.732 1,006 13,681 3,349 9,894 762 8,414 1,429 20,269 521 8,253 1,073 5,427 1,137 7,455 1,307 7,242 2,140 13,440 11,563,849 2 7 0 0 , 8 9 7 3 6 1 6 , 0 6 5 2495,814 2 2 0 1 , 6 1 6 7 6 3 8 , 1 9 0 1 8 6 0 , 4 7 4 1115,723 1869,734 1 5 9 5 , 3 4 9 4 5 3 0 , 5 8 6 2/ 1,704 434 494 271 228 135 201 408 —- — 440 60 256 5,264,160 1 6 3 7 , 6 1 3 2096,020 1 5 5 7 , 3 2 2 1 3 0 9 , 8 1 7 4509,989 1094,014 6l4,4o6 925,861 4,670,000 Within 15 days 84,801 53 2,052,384 749 195 750,000 1000,000 670,000 675,000 2950,000 400,000 700,000 1000,000 1150,000 950,000 700,000 1600,000 800,000 14,210 1 6 to 1,925 — 5,335 6,550 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 31 to 61 to 91 days to 6 months 6 0 days 9 0 days 6 months to 1 year 1,365 15,000 550 42 52 1,056 372 30 days 4,374 5 606,477 2 , 9 3 5 , 2 0 2 1,355,412 2,199,200 1,125,050 190 483 128 637,624 2399,942 210,000 280,000 204,000 2000,000 10,000 5,395 — 500 450,000 700,000 500,000 800,000 1 to 2 years 276 943,500 2 to 5 years 729 2,208,000 l/ After deducting $661,167,000 participations of other Federal Reserve Banks. 2/ After deducting $3,722,000 participations of other Federal Reserve Banks. Over 5 years 3,864,800
@FedFRASER