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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) November 9, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 8 member bank reserve balances decreased $49 million. Reductions in member bank reserves resulted from an increase of $169 million in money in circulation and decreases of $51 million in gold stock and $7 million in Reserve Bank credit, offset in part by decreases of $154 million in Treasury deposits with Federal Reserve Banks, $12 million in Treasury cash holdings, and $11 million in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on November 8 were estimated to be approximately $770 million. Holdings of loans, discounts and advances increased $180 million and of United States Government securities $20 million, the latter change reflecting an increase of $73 million in bonds, and decreases of $50 million in notes and $3 million in bills. Changes in member bank reserve balances and related items during the week and the year ended November 8, 1950, were as follows: Increase or decrease since Nov. 8, 1950 Nov. 1, 1950 Nov. 9, 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 19,311 293 249 + 20 +180 -207 +1,605 27 + 90 Total Reserve Bank credit Gold stock Treasury currency outstanding 19,853 23,198 4,622 - 7 - 51 +1,668 -1,334 + 30 Member bank reserve balances Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 16,625 27,388 1,292 +169 298 2,072 - w - 49 - 12 -154 - 11 + 480 - l4o 20 - 117 + 162 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE f£6|RAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov. 8, 1950 ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves 21,460,431 533,969 21,994,400 Nov. 1, 1950 - 50,000* 448 - 50,448* Nov. 9, 1949 - 1,255,998 14,774 1,270,772 Other cash 213,331 - 20,404 - Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 290,675 2,248 +179,791 + 27 + 779,846 71,950 14,187,718 4,271,575 •- 2,818 - 50,100 + 73,500 +13,889,618 19,311,089 + 20,582 + 1,605,393 19,604,012 24 125,511 2,791,611 36,827 105,322 +200,400 + 1,578,302 - 13,344 -339,733 + 3 + 5,851 + 44,871,038 -217,675* + 732,442 23,192,607 +123,951* 128,823 16,624,531 297,944 - 49,733 -153,630 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 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 1,028,256 296,170 18,246,901 2,542,284 9,459 43,991,251 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 221,506 488,173 27,543 142,565 44,871,038 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 — "» - - - + - - 28,430 1,339 3,251,150 5,769,950 3,263,125 11 28,065 451,895 3,743 28,369 - 28,643* -213,437* + -132,585 + 479,776 117,218 339,445 234,785 467,218 362,020 + 756* -221,315* + 2,952 697,463 + 18,569 + - + - - + 35 + + mm mm + 353 294 -st-Nov, 1 figures revised. 14,062 21,462 mm mm — + 3,605* -217,675* + 53.1# 23,746 3,335 - 30,411 545 732,442 _ 3.5# + + 19,212 1,501 H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 8, 1950 (in thousands of dollars) A S S E T S Total Boston 21,460,431 777,159 .533,969 52,799 Total gold certificate 21,994,400 reserves 829,958 Gold certificates Redemption fund for F. R. notes Other cash 213,331 Discounta-rand advances 290,675 Industrial loans 2,248 U. S. Govt, securities Bills 779,846 Certificates 71,950 Notes 14,187,718 Bonds 4,271,575 ^Total UJEUGovernment j.-®eaaarlties Total loans and securities — — — 53,762 4,960 978,101 294,484 Phila. Cleve. Rich. Atlanta 6,634,641 1204,412 1542,314 1053,326 33,876 47,067 65,295 52,878 Chicago St.Louis 947,130 4252,694 35,246 86,377 Mpls. Kans.Cy. 615,249 399,646 792,979 41,031 21,596 33,273 Dallas SanFran. 623,389 2617,492 25,726 38,805 6,668,517 1251,479 1607,609 1106,204 982,376 4339,071 656,280 421,242 826,252 649,115 2656,297 48,544 71,080 27 11,496 2,690 1,914 16,783 30,225 1 181,776 51,860 72,289 16,771 3,307,043 995,670 4,785 6,669 943,497 1315,145 284,065 395,958 12,647 4,320 104 14,964 28,680 10,321 22,895 8,351 3,100 23,400 9,300 4,775 4,722 195 7,677 21,163 24,128 2,226 3,853 10,9H 916,612 759,951 2151,539 782,609 438,954 275,969 228,803 647,776 235,623 132,158 36,187 3,339 658,353 198,213 35,401 71,009 3,267 6,551 644,051 1291,863 193,908 388,948 50,383 4,648 5,830 110,700 7 - - - 41,772 118,262 43,017 3,970 - - - — — - 19,311,089 1331,307 4,501,260 1284,207 1790,061 1247,612 1034,379 2928,488 1065,219 597,466 896,092 876,627 1758,371 19,604,012 1335,957 4,572,367 1288,811 1820,287 1252,036 1040,216 3039,188 1088,114 602,383 917,255 879,727 1767,671 1 5,941 100,362 1,119 3,174 1 5,483 148,558 2,251 5,583 1 5,007 121,491 686 4,635 Due from foreign banks 24 F.R.notes of other banks 125,511 Uncollected items 2,791,611 Bank premises 36,827 Other assets 105,322 TOTAL ASSETS 25,693 4,650 New York 2 6,853 215,333 1,083 7,163 1/ 7 17,762 475,642 7,693 23,340 2 4,577 186,998 2,931 6,696 2 6,4l8 273,909 4,807 10,048 1 28,725 258,119 2,799 6,577 1 10,097 179,230 1,726 5,458 3 13,684 461,207 4,117 16,046 1 6,997 133,539 2,008 7,156 2 13,967 237,223 5,607 9,446 44,871,038 2422,042 11,813,872 2752,990 3739,863 2667,108 2234,068 7901,996 1904,416 1138,997 1913,060 1669,013 4713,613 l/ After deducting $17,000 participations of other Federal Reserve Banks• STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 8, 1950 (in thousands of dollars) Mpls. Kans.Cy. Phila. Cleve. Rich. Atlanta Chicago St.Louis Hew York Boston 5.4.1(c) Ballas EanFran. L I A B I L I T I E S Total 603,061 911,604 638,117 2356,337 Federal Reserve notes 23,192,60? 1384,100 5,170,356 1623,228 2064,386 1611,969 1266,298 4488,110 1075,041 Deposits: 384,504 765,708 811,991 1927,924 Member bank-reserve acct. 16,624,531 697,t>45 5,342,453 776,135 1247,299 672,590 688,073 2698,085 612,124 20,997 21,636 21,374 26,836 25,345 28,559 11,116 25,959 29,225 26,636 26,688 U.S. Treasurer -general acct. 297,9-44 33,573 81,672 92,902 51,045 42,878 140,884 36,752 25,523 37,773 35,732 90,872 Foreign 1,028,256 64,317 1/327,906 619 38,097 1.137 1,459 1,467 2,295 5,764 1,542 5,333 3,336 229,945 Other 296,170 5,176 5,926,992 454,311 180,670 18,246,901 800,711 Deferred availability items 2,542,284 Other liabilities including 9,459 accrued dividends 646 Total deposits 885,308 1374,759 753,607 757,763 2869,823 665,756 432,161 826,576 869,716 2083,729 175,258 218,933 254,588 170,644 421,185 128,277 79,643 140,096 127,186 191,493 878 343 298 325 1115,163 1878,601 1635,362 4632,437 43,991,251 2366,127 11,554,346 2684,298 3659,280 2620,626 2195,081 7780,479 1869,451 9,482 23,609 4,955 8,053 73,026 15,578 20,422 9,761 8,796 28,331 7,292 12,201 221,506 15,873 42,552 12,494 18,045 148,149 38,205 45,957 23,779 21,194 72,029 19,118 30,778 488,173 1,307 2,140 1,073 1,137 7,319 4,489 1,006 3,349 762 1,429 521 3,011 2,687 504 1,202 462 376 1,361 377 TOTAL LIABILITIES Capital paid in Surplus (Section 7) 27,543 Surplus (Section 13b) 6,989 12,875 5,312 7,224 31,032 10,420 13,198 9,593 8,235 19,728 8,034 9,925 142,565 Other capital accounts TOTAL LIABILITIES AND 44,871,038 2422,042 11,813,872 2752,990 3739,863 2667,108 2234,068 7901,996 1904,4l6 1138,997 1913,060 1669,013 4713,613 CAPITAL ACCOUNTS Contingent liability on acceptances purchased 856 594 880 832 2,116 23,746 1,498 2/ 7,436 1,902 2,164 1,189 998 3,28l for foreign correspondents Commitments to make y-T — — 500 — 1,913 244 54 458 166 3,335 industrial loans 23,911,246 1448*501 5,310,462 1665,659 2128,383 1653,286 1334,254 4564,941 1112,734 612,841 936,723 667,988 2475,474 F.R. notes outstanding Collateral for F.R. notes held by F.R. Agents: 280,000 204,000 1900,000 13,929,000 440,000 4,770,000 750,000 825,000 670,000 650,000 2880,000 350,000 210,000 Gold certificates 21,163 — • 7,300 69,880 2,390 -4,220 — — 22,895 4,722 4,650 137,220 Eligible paper 700,000 500,000 800,000. 700,000 1000,000 1350,000 1000,000 700,000 1700,000 800,000 450,000 U.S. Govt, securities 10,800,000 1100,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Over 2 to 5 31 to 6l to 91 days to 6 months 1 to 2 l6 to Within 5 years years 60 days 90 days 6_ months to 1 year years 30 days 15 days Total 740 1,205 i-T-V Discounts and advances 5,373 283,357 290,675 695 16a 18 214 612 492 Industrial loans 40 15 2,248 3,121,100 1,409,225 294,901 232,160 -13,928,968 180,283 U.S. Govt, securities 144,452 19,311,089 l/ After deducting $700,337,000 participations of other Federal Reserve Banks. 2/ After deducting $16,310,000 participations of other Federal Reserve Banks.
@FedFRASER