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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) May 4, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 3 member bank reserve balances increased $88 million. Additions to member bank reserves resulted from a decrease of $155 million in Treasury deposits with Federal Reserve Banks and increases of $51 million in Reserve Bank credit and $2 million in Treasury currency, offset in part by increases of $89 million in money in circulation, $10 million in Treasury cash, and $20 million in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on May 3 were estimated to be approximately $750 million. Holdings of loans, discounts and advances decreased $97 million while holdings of United States Government securities increased $71 million, the latter . change reflecting increases of $121 million in bills, $48 million in notes and $8 million in certificates, and a decrease of $106 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended May 3, 1950 were as follows: Increase or decrease since May 3, 1950 April 26, 1950 May 4, 19^9 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 17,711 123 357 + 71 - 97 + 77 -3,128 - 358 + 100 Total Reserve Bank credit Gold stock Treasury currency 18,192 24,247 4,602 + 51 + 2 -3,384 87 + 10 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 15,986 27,051 1,326 678 2,000 + 88 + 89 + 10 -155 + 20 -3,087 - 396 + 2 - 312 + 332 — — 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 May 3, 1950 22,509,431 523,646 23,033,077 Apr. 26, 1950 - May 4, 1949 1 2,285 2,206 - 79,566 79,566 Other cash 206,260 - 22,162 - 63,523 Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 120,561 2,536 - 97,305 39 + 359,446 1,918 4,319,975 5,761,250 1,531,500 6,098,500 +120,500 + 8,000 + 47,500 -105,300 - 562,511 -1,144,729 +1,151,400 -2,572,100 17,711,225 + 70,700 -3,127,940 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 17,834,322 29 102,711 2,554,756 34,529 130,042 - 26,644 - 4,889 - 13,619 51 + 3,321 -3,485,468 20 1,866 + 230,405 + 2,085 41,476 43,895,726 - 66,330 -3,439,429 22,870,115 + 68,658 - TOTAL ASSETS mm mm 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 15,985,607 678,120 996,315 291,014 17,951,056 2,197,533 + 88,016 -155,241 + 82,778 - 3,813 + 11,740 - 91,128 -3,087,142 - 312,074 + 464,962 - 223,007 -3,157,261 + 129,705 12,746 43,031,450 - 1,631 - 12,361 + 128 -3,409,456 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 215,209 488,173 27,543 , 133,351 43,095,726 + + + 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 - 54,018 - 66,330 56.4# 6,44l 1,304 49 " .1% + + 25 21 462,028 10,842 21,46% + 17,723 -3,439,429 + 4.4% + 959 1,133 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 3, 1950 (In thousands of dollars) A S S E T S Gold certificates Redemption fund for F. R. notes 22,509,431 523,646 Total gold certificate reserves 23,033,077 Other cash 206,260 Discounts and advances 120,561 Industrial loans 2,536 U. S. Govt, securities I Bills 4,319,975 Certificates 5,761,250 Notes 1,531,500 Bonds 6,098.500 Boston New York Phila. Cleve. I Total 880,265 6,903,238 1276,456 1627,031 1046,126 1026,377 4406,619 687,749 49,469 41,270 45,206 56,787 47,631 37,933 79,319 42,166 925,081 652,413 2605,813 22,025 34,182 26,560 41,098 929,734 6,944,508 1321,662 1683,818 1093,757 1064,310 4485,938 729,915 494,288 959,263 678,973 2646,911 16,080 10,902 44,627 34,507 tm mm mm 11,539 5,609 2,243 17,412 17,072 1 14,000 7,846 108 17,402 6,122 24,158 9,717 10,381 2,383 «##*** 5,215 8,215 184 8,549 9,093 10,245 1,953 26,652 7,142 297,819 1,006,952 287,283 400,444 279,096 231,395 655,116 238,294 133,656 200,460 196,105 393,355 397,181 1,342,901 383,129 534,045 372,211 308,596 873,682 317,796 178,247 267,339 261,532 524,591 105,582 356,980 101,846 141,964 98,944 82,033 232,249 84,479 47,383 71,066 69,523 139,451 420,430 1,421,512 405,556 565,307 394,000 326.660 924.825 336,400 188,681 282,989 276,841 555,299 Total U.S.Government securities 17,711,225 1221,012 4,128,345 1177,814 1641,760 1144,251 948,684 2685,872 976,969 547,967 821,854 804,001 1612,696 Total loans and securities 17,834,322 1231,914 4,162,852 1185,666 1658,833 1152,205 954,806 2695,589 979,352 556,366 830,947 805,954 1619,838 Due from foreign banks .2 29 F„R.notes of other banks 102,711 4,497 uncollected items 2,554,756 210,298 Bank premises 1,111 34,529 Other assets 130.042 8.736 TOTAL ASSETS 1/ 9 18,329 2 3,997 482,707 173,357 2,964 7,799 29,406 8,351 1 1 4 1 3 11,101 11,986 5,296 15,431 5,711 228,384 208,380 174,426 405,204 147,858 4,884 2,476 1,509 3,628 2,030 6.882 19.872 12,238 8.566 8,246 1 1 1 3 2,543 12,950 5,531 5,339 73,312 137,259 107,506 206,065 2,286 4,004 1,135 703 6,290 11,807 3,892 5,756 43,895,726 2402,372 11,690,237 2707,-538 3610,868 2490,486 2231,322 7649,824 1883,494 1136,752 1949,934 1614,669 4528,230 1/ After deducting $20,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERfU, RESERVE Mltihti Oft MAY 3 , 1 9 5 0 1.4.1(c) Boston I A B I L I T I E S Total federal Reserve notes 22,870,115 1 3 7 8 , 7 2 9 Deposits: Member "bank-reserve acct. 15,9°5,"07 6 7 8 , 8 4 3 U.S.Treasurer-general acct. 678,120 3 4 , 7 0 8 62,364 996,315 Foreign 4,821 291,014 Other New York Phila. (in thousands of dollars) Cleve. Rich. Atlanta Chicago St.Louis 5,166,222 1596,768 2021,823 5,216,719 111,510 758,586 59,074 79,192 1,621 5,863,598 898,473 399,874 143,716 1/317,224 ~ 218,145 1517,921 1055,576 Minn. Kans.Cy. 606,507 909,255 Dallas SariFran. 615,361 2292,675 570,682 378,001 815,298 781,109 1795,748 49,411 40,930 26,236 44,188 49,967 90,081 4 9 , 4 9 5 41,576 136,606 35,636 24,748 36,626 34,647 88,120 4,872 2,981 495 4,513 5,956 1,669 10,152 959 34,830 1314,252 738,645 769,688 2 7 6 0 , 7 5 1 661,685 445,348 888,312 860,903 1968,665 1 9 3 , 9 9 1 187,658 151,052 330,364 131,462 61,019 118,246 105,218 188,229 1154,641 64,658 650,805 1271,720 4 4 3 7 , 5 5 8 35,364 687,450 2497,725 4 0 , 1 6 7 121,907 Total deposits 17,951,056 7 8 0 , 7 3 6 Deferred availability items 2,197,533 1 8 6 , 7 0 4 Other liabilities including 487 431 494 2,149 518 996 649 740 1,531 569 3,253 929 accrued dividends 12,746 TOTAL LIABILITIES 43,031,450 2347,098 11,432,947 2 6 3 9 , 6 9 7 3 5 3 1 , 5 9 7 2 4 4 4 , 8 7 3 2193,029 7530,822 1849,241 1113,305 1916,300 1581,976 4450,565 12,098 73,020 1 5 , 3 5 9 19,934 9>74 8,649 2 7 , 3 3 3 7,148 4,879 7,678 8,896 20,741 Capital paid in 215,209 30,778 148,149 38,205 4 5 , 9 5 7 2 3 , 7 7 9 21,194 72,029 19,118 12,494 18,045 1 5,873 42,552 Surplus (Section 7) 488,173 3,011 7 , 3 1 9 4 , 4 8 9 1,006 3 , 3 4 9 762 1 , 4 2 9 521 1,073 1 , 1 3 7 1 , 3 0 7 2,140 Surplus (Section 13b) 27,543 9,387 28,802 9,788 12,374 9,011 7,688 18,211 7,466 5,001 6,774 6,617 12,232 Other capital accounts 133,351 TOTAL LIABILITIES AND 43,895,726 2402,372 1 1 , 6 9 0 , 2 3 7 2707,538 3610,868 2490,486 2231,322 7649,824 1883,494 1136,752 1 9 4 9 , 9 3 4 1614,669 4528,230 CAPITAL ACCOUNTS Contingent liability on acceptances purchased 161 226 238 889 573 232 271 4o6 2/2,022 515 586 322 for foreign correspondents 6,44% Commitments to make 121 258 4 2 4T 44l 60 1,304 ————TC. -TTJ. W " industrial leans 2 3 , 5 2 3 , 4 4 4 1 4 1 7 , 0 8 1 5,291,980 1 6 4 0 , 8 3 3 2088,007 1567,007 1 3 2 0 , 0 9 4 4516,016 1095,606 6 1 5 , 7 3 0 9 3 3 , 7 7 3 6 4 2 , 2 8 4 2 3 9 5 , 0 3 3 F. R. notes outstanding Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,24$,000 440,000 4,670,00© 750,000 1000,000 670,000 675,000 2950,000 400,000 210,000 280,000 204,000 2000,000 7,620 — 3,600 7,220 5,856 950 Eligible paper 57,936 8,395 21,870 2,425 800,000 1000,000 1*909000 990*000 700*000 $600,000 800,000 4 5 0 , 0 0 0 TOO,000 500,000 800,000 U.S-. Govt, securities 10,550,000 1100,000 Discounts and advances Industrial loans U. S. Govt, securities Total 120,561 2,536 17,711,225 Within 15 days 7&;786 42 1,174,867 16 to 30 days 39,750 48 1,638,518 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 91 days to 6" months 61 to 31 to 6 months to 1 year 60 days 90 days 250" 3,775 4l 3,211,502 52 1,106,688 989 1,797,500 362 1,152,150 1 to 2 years 278 854,800 2 to 5 years 724 2,666,200 1/ After deducting $679,071,000 participations of other Federal Reserve Banks. 2/ After deducting $4,419,000 participations of other Federal Reserve Banks. Over 5 years 4,109,000
@FedFRASER