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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) Nov. 30, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 29 member bank reserve balances increased $177 million. Additions to member bank reserves resulted from increases of $339 million in Reserve Bank credit and $4 million in Treasury currency outstanding, and a decrease of $27 million in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $93 million in money in circulation, $23 million in Treasury deposits with Federal Reserve Banks, and $17 million in Treasury cash holdings, and a decrease of $60 million in gold stock. Excess reserves of member banks on November 29 were estimated to be approximately $720 million. Holdings of loans, discounts and advances decreased $7 million, while holdings of United States Government securities increased $273 million, the latter change reflecting increases of $296 million in certificates, $155 million in bills, and $78 million in bonds, and a decrease of $256 million in notes. Changes in member bank reserve balances and related items during the week and the year ended November 29, 1950, were as follows: Increase or decrease since Nov. 29, 1950 Nov. 22, 1950 Nov • 30. 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 19,569 242 690 +273 - 7 + 73 +1 ,887 81 + 429 Total Reserve Bank credit Gold stock Treasury currency outstanding 20,501 23,037 4,626 +339 - 60 + 4 +2 ,234 -1,,442 + 30 Member bank reserve balances Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 16,799 27,543 1,298 564 1,960 +177 + 93 + 17 + 23 - 27 + - + + 761 19 47 33 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 Nov. 29, 1950 21,261,434 536,094 21,797,526 Nov. 22, 1950 Nov. 30 1949 - 71,996 + 2,000 - 69,996 1,415,997 18,391 - 1,434,388 + - Other cash 237,679 - 4,767 Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 239,693 2,209 - 7,357 17 1,130,146 368,450 13,724,618 4,345,875 +155,500 +296,500 -256,100 + 77,500 _ 2,869,782 5,502,450 +13,426,518 3,167,425 19,569,089 +273,400 + 1,886,861 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 19,810,991 24 132,923 3,181,358 37,673 122,885 +266,026 - 1,357 -257,012 40 + 8,492 + 1,805,336 11 + 13,732 + 683,874 + 4,607 24,169 45,321,061 - 58,654 + 1,049,226 23,346,459 + 90,600 - TOTAL ASSETS • + 245 81,891 366 • • 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 16,798,696 564,205 921,023 296,675 18,580,599 2,491,292 +176,798 + 23,467 - 13,086 - 10,818 +176,361 -330,369 + + 12,240 44,430,590 + 1,371 - 62,037 383 + 1,015,525 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 221,944 488,173 27,543 152,811 45,321,061 + + + 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 144 — m* + + + - 27,037 760,574 47,369 194,926 215,134 787,735 255,210 14,265 21,462 — «•» + 3,239 - 58,654 2,026 + 1,049,226 52.0% - - 4.4% 24,110 3,401 + + + 15,777 1,583 .5# 60 64 - H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 29, 1950 (In thousands of dollars) A S S E T S Total Boston 21,261,434 791,506 536,094 52,486 Total gold certificate reserves 21,797,528 843,992 Gold certificates Redemption fund for F. R. notes New York Phila. Cleve. Rich. Atlanta 6,669,602 1209,623 1454,511 1011,990 32,598 49,483 66,920 51,773 6,702,200 1259,106 1521,431 1063,763 Chicago St.Louis Mple. Kans.Cy. 897,069 4233,785 621,223 393,156 737,020 85,962 40,925 21,552 35,189 932,042 4319,747 662,148 414,708 772,209 14,718 26,925 6,472 15,072 196 10,077 30,170 34,973 Dallas SanFran. 643,028 2598,921 25,628 38,605 668,656 2637,526 Other cash 25,164 237,679 Discounts and advances 6,080 239,693 Industrial loans — — — 2,209 U. S» Govt, securities: Bills 1,130,146 75,672 Certificates 368,450 25,056 Notes 13,724,618 946,175 Bonds 4,345,875 299,605 288,352 89,717 3,199,099 1,012,989 Total U-.S.Government securities 19,569,089 1346,508 4,590,157 1298,870 1810,500 1261,858 1046,190 2961,926 1077,382 604,288 906,324 886,637 1778,449 Total loans and securities 19,810,991 1352,588 4,682,359 130$,649 1824,623 1280,112 106l,806 2974,911 1104,307 619,556 936,494 886,737 1781,849 1 6,190 91,760 1,117 3,712 1 6,079 181,259 2,655 5,879 ± 5,518 136,869 680 5,4l4 Due from foreign banks 24 F.R^notes of other banks 132,923 Uncollected items 3,181,358 Bank premises 37,673 Other assets 122,885 TOTAL ASSETS 2 4,129 249,539 1,078 8,4o8 44,516 92,175 27 1/ 7 20^134 600,969 7,696 27.761 14,583 14,122 1 14,775 18,140 114 72,995 101,747 24,169 33,691 912,701 1272,217 289,005 402,845 70,915 23,481 886,693 280,769 9,693 4,915 1,864 2 4,638 206,398 2,926 7.8o4 2 6,594 319,788 4,796 11.560 19,544 15,609 7 30,326 12,985 58,794 166,456 19,469 55,116 735,145 2081,311 232,782 659,043 1 1 27,770 15,197 242,18? 200,233 2,790 1,723 7.910 6,437 3 14,434 538,558 4,439 18,748 60,547 33,960 50,934 20,048 16,865 11,245 757,064 424,626 636,863 239,723 134,457 201,662 1 6,654 136,652 2,003 8,112 10,717 100 37,094 3,400 49,828 99,946 16,499 33,094 623,029 1249,695 197,281 395,714 2 15,586 277,846 5,770 ll,l4o 45,321,061 2484,900 12,084,942 2796,216 3703,377 2639,308 2236,983 7901,166 1934,595 1143,516 1914,653 1714,592 4766,813 l/ After deducting $17,000 participations of other Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 29, 1950 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 23,346,459 1418,537. 5,250,77^ 1648,996 2093,118 1612,96S 1261,154 4496,3lS 1079,48-1 601,236 909,822 643,376-2330,68: L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve acct. 16,798,696 U.S.Treasurer-general acct. 564,205 Foreign 921,023 Other 296,675 Total deposits 18,580,599 Deferred availability items 2,491,292 Other liabilities including accrued dividends 12,240 696,265 32,044 57,588 4,607 5,475,303 105,376 1/293,937 226,992 787,845 1199,150 54,259 57,521 73,128 83,183 5,779 5,937 677,483 38,764 45,705 1,696 688,692 2718,356 33,554 63,660 38,392 126,146 2,674 4,149 604,494 53,778 32,908 4,908 393,458 24,318 22,853 1,147 745,568 26,686 33,822 1,302 839,283 1972,79' 30,446 43,795 31,994 81,361 2,793 34,69] 790,504 218,350 6,101,608 466,848 921,011 1345,791 156,139 181,559 763,648 763,312 2912,311 214,962 172,454 367,568 696,088 123,028 441,776 75,993 807,378 161,987 904,516 2132,65* 815 3,747 433 337 484 TOTAL LIABILITIES 44,430,590 2428,206 Capital paid in 221,944 12,217 Surplus (Section 7) 488,173 30,778 Surplus (Section 13b) 3,011 27,543 Other capital accounts 152,811 10,688 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,321,061 2484,900 Contingent liability on acceptances purchased for foreign correspondents 24,110 1,513 Commitments to make industrial loans 3,401 F.R. notes outstanding 24,121,632 1459,376 Collateral for F.R. notes held by F.R. Agents: Gold certificates 13,964,000 440,000 Eligible paper 6,080 188,477 U.S. Govt, securities 10,900,000 1100,000 Discounts and advances Industrial loans U.S. Govt, securities 641 1,342 488 592 1,809 132,208 220,19* 392 1 , 1 6 c 11,822,977 2726,787 3621,810 2592,164 2197,408 7778,006 1899,030 1119,342 1879,671 1680,492 4684,691 73,094 15,623 20,448 9,776 8,831 28,389 7,326 4,964 8,148 9,516 23,61; 148,149 38,205 45,957 23,779 21,194 72,029 19,118 12,494 18,045 15,873 42,55; 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4( 33,403 11,112 14,156 10,240 8,788 21,313 8,600 5,643 7,652 7,4o4 13,812 12,084,942 2796,216 3703,377 2639,308 2236,983 7901,166 1934,595 1143,516 1914,653 1714,592 4766,81; 2/7,633 1,921 2,186 1,201 1,009 3,314 865 600 889 236 458 244 54 5,391,033 1702,927 2160,459 1662,010 1337,235 4587,057 1122,879 611,518 500 938,250 84l 2,136 — 1,90S 678,379 2470,50S 4,770,000 750,000 825,000 685,000 650,000 2900,000 350,000 210,000 280,000 204,000 1900,00C 85,175 4,915 17,140 26,925 15,072 30,170 3,00C ' 700,000 1000,000 1350,000 1000,000 700,000 1700,000 900,000 450,000 700,000 500,000 800,00C MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 6l to 31 to 91 days to Over 6 months 1 to 2 2 to 5 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years 235,124 2,912 1,285 372 8 36 138 20 214 638 485 670 168,044 200,475 712,470 480,807 13,474,368 3,135,200 1,397,725 l/ After deducting $627,073,000 participations of other Federal Reserve Banks. 2/ After deducting $16,477,000 participations of other Federal Reserve Banks. Total 239,693 2,209 19,569,089 # « • • • - . '• I •
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