The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 October 13, 1950 (For Immediate Release) CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 11 member bank reserve balances increased $163 million. Additions to member bank reserves resulted from a decrease of $340 million in Treasury deposits with Federal Reserve Banks and an increase of $72 million in Reserve Bank credit, offset in part by increases of $151 million in money in circulation, $4l million in nonmember deposits and other Federal Reserve accounts, and $8 million in Treasury cash holdings, and a decrease of $50 million in gold stock. Excess reserves of member banks on October 11 were estimated to be approximately $ 9 8 0 million. Holdings of loans, discounts and advances increased $23 million and of United States Government securities $132 million, the latter change reflecting increases of $ 9 8 million in bonds, $40 million in notes, and $3 million in certificates, and a decrease of $9 million in bills. Changes in member bank reserve balances and related items during the week and the year ended October 11, 1950 were as follows: Increase or decrease since Oct. 11, 1950 Oct. 4, 1950 Oct. 12 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 19,507 70 468 +132 + 23 - 82 +1,728 40 + 55 Total Reserve Bank credit Gold stock Treasury currency outstanding 20,044 23,432 4,618 + 72 - 50 + 1 +1,743 -1,172 + Member bank reserve balances Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 27,339 1,316 508 2,142 +163 + 670 16,789 +151 + 8 -340 + 4l + - 26 207 20 46 + 161 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 Other cash Oct. 11, 1950 21,687,429 Oct. 4, 1950 Oct. 12, 1949 524,138 22,211,567 - 51,999 - 1,392 - 53,391 - 1,120,002 23,766 - 1,143,768 198,074 - 15,909 - • 58,082 Discounts and advances Industrial loans IL S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 1,347,309 72,950 14,164,018 3,922,475 + 40,200 + 98,000 2,819,115 5,702,950 +13,865,918 - 3,615,725 19,506,752 +131,855 + 1,728,128 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 19,576,412 24 127,334 3,023,518 36,494 77,876 +155,006 - 9,072 + + 350 7,637 + 1,688,109 11 + 23,389 + 372,088 + 3,666 35,852 45,251,299 « 2,269 + 849,539 23,142,099 +130,407 - 220,282 TOTAL ASSETS 67,425 2,235 + 23,143 + - + 8 9,045 2,700 — — - 86,890 • + . 41,308 1,289 • - 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 16,789,228 507,792 1,045,193 287,269 18,629,482 2,556,010 +163,404 -340,637 + 57,934 - 13,835 -133,134 - 4,295 + + 670,350 46,265 487,403 401,995 709,493 317,486 9,271 44,336,862 + - + 3,084 803,613 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 220,884 488,173 27,543 177,837 45,251,299 + 94 + + 13,851 21,462 + - 3,732 2,269 + + 10,613 849,539 53.2# - . 1% 24,369 1,504 + 1,786 36 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 927 6,095 — + - + - — - - + - 3A$ 20,699 388 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 11, 1950 (In thousands of dollars) A S S E T S Total Gold certificates Redemption fund for F. R. notes Boston New York FMla. Cleve. 21,68?,429 831,400 6,662,658 1207,232 1567,365 1058,004 965,585 4275,946 607,019 429,198 8l6,4o6 597,901 2668,715 51,162 30,332 46,706 60,801 51,456 35,586 86,877 41,189 21,656 33,380 25,840 39,153 882,562 6,692,990 1253,938 1628,166 1 1 0 9 , 4 6 0 1001,171 4362,823 648,208 450,854 849,786 623,741 2707,868 13,187 3,665 7 27,060 10,075 5,833 8,754 10,025 8,301 215 20,343 524,138 Total gold certificate reserves 22,211,567 Other cash 198,074 22,594 Discounts and advances 4,700 67,425 Industrial loans 2,235 U. S. Govt, securities: Bills 92,884 1,347,309 Certificates 72,950 5,029 Notes 14,164,018 976,467 Bonds 3,922,475 270,415 mm mm mm Total U.S.Government securities 19,506,752 Total loans and securities 19,576,412 1349,495 314,047 17,004 3,301,519 914,298 9,363 2,775 1,882 14,602 3,350 1 89,598 124,890 6,762 4,852 941,921 1312,948 260,848 363,598 13,113 1,430 122 87,044 4,714 915,081 253,414 Chicago St.Louis 7,625 6,520 - - - 72,167 204,317 11,063 3,907 2147,945 758,681 : 210,105 594,835 Mpls. Kans.Cy. 3,180 196 41,684 - - - 216,369 438,221 121,358 62,519 3,385 657,253 182,015 74,319 4,023 781,301 2,256 Dallas SanFran. - - - - - 6l,l6l 122,679 6,6 43 3,312 642,976 1289,705 178,060 357,160 1344,795 4,546,868 1297,219 1808,198 1260,253 1044,860 2958,160 1076,012 603,519 905,172 885,509 1776,187 I301,8f6 1811,549 1261,805 1048,532 2965,785 1082,532 606,895 915,197 885,724 1776,187 2 3,760 195,399 2,937 4,730 2 6,520 1 2,802 4,899 3 14,080 508,214 4,056 11,685 1 7,888 144,990 2,011 5,556 1 5,156 95,943 1,122 2,272 1 7,337 167,317 2,257 4,254 1 5,547 131,520 4,820 7,018 1 10,027 205,882 1,502 4,126 45,251,299 2498,629 11,899,878 2772,005 3739,484 2688,456 2284,428 7893,706 1901,261 1168,076 1954,903 Due from foreign banks 24 F.R.notes of other banks 127,334 Uncollected items 3,023,518 36,494 Bank premises Other assets 77,876 TOTAL ASSETS 44,849 23,940 27 Rich. Atlanta 2 5,447 232,045 1,087 5,397 4,570,835 V 7 20,695 545,050 7,707 17,745 26,298 266,807 270,078 1/ After deducting $17,000 participations of other Federal Reserve Banks. '• 1 1 i 687 3,358 2 14,579 260,273 5,506 6,836 1658,879 4791,594 H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 11, 1950 (In thousands of dollars) Mpls. Kans.Cy. New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Total Boston 23,142,099 1392,281 5,197,627 1619,629 2065,510 1600,606 1261,154 4481,981 1050,253 598,896 904,410 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve acct. 16,789,228 729,950 41,361 U.S.Treasurer-general acct. 507,792 65,495 Foreign 1,045,193 4,430 Other 287,269 Total deposits 18,629,482 Deferred availability items 2,556,010 Other liabilities including > accrued dividends 9,271 5,354,218 841,236 206,080 706,252 2669,271 48,685 51,284 404,295 30,766 25,990 792,323 39,746 38,465 808,928 143,465 1,886 603,384 37,736 37,426 7,943 2,212 1984,42% 26,943 36,386 92,535 667 37,047 2865,906 182,856 417,800 686,489 127,321 462,452 81,446 872,746 141,428 877,320 2140,945 123,961 217,962 702,349 37,564 1/332,017 220,349 795,672 1238,162 40,930 38,553 83,168 94,603 1,158 4,779 4,807 43,663 590 5,989,469 442,110 920,928 1376,097 159,822 213,155 796,700 799,190 82,885 51,980 242,069 Dallas SanFran. 622,048 2347,70% 1,401 31,339 867 44,336,862 2440,277 11,632,121 2700,880 3655,608 2639,839 2243,547 7767,034 1864,409 1143,150 1918,870 1623,645 4707,482 2 2 0 , 8 8 4 12,194 72,993 15,577 20,402 9,722 8,780 28,236 7,267 4,957 7,940 9,473 23,34] 488,173 30,778 148,149 38,205 45,957 23,779 21,194 72,029 19,118 12,494 1 8 , 0 4 5 15,873 42,552 680 TOTAL LIABILITIES Capital paid in Surplus (Section 7) 27,543 3,011 Surplus (Section 13b) 177,837 12,369 Other capital accounts TOTAL LIABILITIES AND 45,251,299 2498,629 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 24,369 1,535 Commitments to make industrial loans 1,504 F.R. notes outstanding 23,839,862 1447,553 Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,029,000 440,000 Eligible paper 48,370 4,700 U.S. Govt, securities 10,700,000 1100,000 Discounts and advances Industrial loans U.S. Govt, securities Total 67,425 2,235 19,506,752 356 286 316 6,402 1,073 1,137 8,911 8,581 1,307 2,l4e 16,077 11,899,878 2772,005 3739,484 2688,456 2284,428 7893,706 1901,261 1168,076 1954,903 1658,879 4791,59% 609 902 853 2,165 5,332,680 1662,296 2130,645 1637,860 1322,544 4562,292 1098,284 6 1 0 , l 4 l 932,769 2,915 501 846 7,319 4,489 12,854 16,511 39,296 2/7,652 Within 15 days 64,392 31 417,258 1,950 116 1,006 464 347 1,347 3,349 ll,7&7 762 10,145 24,978 2,218 1,218 475 54 1,023 1,429 3,363 346 521 9,946 877 246 500 11: 652,978 2449,82c 4,770,000 750,000 925,000 670,000 650,000 2880,000 350,000 210,000 280,000 204,000 1900,00c 19,940 2,775 — 1,330 — — 6,420 3,180 10,025 7 0 0 , 0 0 0 1000,000 1250,000 1000,000 700,000 1700,000 800,000 450,000 7 0 0 , 0 0 0 500,000 800,00c MATURITY DISTRIBUTION OF LOANS AND 91 days to — s r to 31 to 3° / 6 0 days 6 months 90 days 1,110 1,447 476 26 165 278 215 442,801 192,892 367,308 l/ After deducting $713,166,000 participations of 2/ After deducting $16,717,000 participations of 16d atos SECURITIES — E months to 1 year 1 to 2 years 2 to 5 years 710 519 291 3,892,278 10,012,990 1,409,225 other Federal Reserve Banks. other Federal Reserve Banks. Over 5 years 2,772,000
@FedFRASER