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 (For Immediate Release) October 19, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 18 member bank reserve balances increased $456 million. Additions to member bank reserves resulted from an increase of $3 2 million in Reserve Bank credit and decreases of $111 million in money in circulation, $59 million in Treasury deposits with Federal Reserve Banks, $4] million in nonmember deposits and other Federal Reserve accounts, and $3 million in Treasury cash holdings, offset in part by a decrease of $l4l million in gold stock. Excess reserves of member banks on October 18 were estimated to be approximately $1,330 million. Holdings of loans, discounts and advances decreased $29 million while oldings of United States Government securities remained practically unchanged, a decrease of $159 million in bills being offset by increases of $102 million in notes and $56 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended October 18, 1950, were as follows: Increase or decrease since Oct. 18, 1950 Oct. 11, 1950 Oct. 19, 194-9 (in millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 19,506 41 879 - 1 - 29 +4li +1,840 82 + 511 Total Reserve Bank credit Gold stock Treasury currency outstanding 20,426 23,291 4,617 +382 -l4l - 1 +2,269 -1,294 + 26 Member bank reserve balances Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Norurrariber deposits end other F. R. 17,245 27,228 1,313 449 2,099 +456 -111 - 3 - 59 - 43 + + + + 840 199 3 132 225 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (Ip thousands of dollars) Increase or decrease since Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 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 CAPITAL ACCOUNTS 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 Oct. 19; 1949 1,222,998 23,141 1,246,13S 21,553,431 525,413 22,078,844 -133,998 + 1,275 -132,723 - 216,886 + 18,812 - 49,788 38,378 2,247 - 29,047 + 12 + 83,535 1,296 1,188,309 72,950 14,266,118 3,978,475 -159,000 - — - +102,100 +56,000 19,505,852 900 19,546,477 24 141,262 4,021,933 36,585 84,257 - 29,935 + 13,928 +998,415 + 91 + 6,381 46,126,268 +874,969 23,069,943 - 72,156 17,245,373 448,537 1,015,762 +456,145 - 59,255 - 29,431 - 10,903 +356,556 276,366 18,986,038 3,142,596 — — +586,586 9,631 45,208,208 221,032 488,173 27,543 181,312 46,126,268 + 52.5 $ 23,085 1,470 & O Other cash Oct. 11, 1950 + ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Oct. 18, 1950 +871,346 148 mm mm m* + 3,475 +874,969 -.7# - 1,284 34 - - 2,865,115 5,702,950 +13,968,018 - 3,559,725 + 1,840,228 + 1,757,989 11 + 24,551 + 990,164 + 3,586 - - 35,140 + 1,445,212 - + + + - + + 198,765 840,286 131»650 440,177 290,092 1,122,021 478,897 2,283 + 1,399,870 - + + + 13,907 21,462 tm mm mm 9,973 + 1,445,212 - + - 4.2# 19,842 4l4 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 18, 1950 (In thousands of dollars) ASSETS Total Boston 21,553,431 843,433 525,413 53,013 Total gold certificate reserves 22,078,844 896,446 Gold certificates Redemption fund for F. R. notes New York Phila. Cleve. 6,922,435 1177,518 1531,326 29,773 46,436 60,609 Rich. Atlanta 992,090 52,460 6,952,208 1223,954 1591,935 1044,550 Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 896,768 4216,114 593,135 405,854 788,536 590,931 2595,291 35,462 86,684 41,135 21,637 33,341 932,230 4302,798 634,270 427,491 821,877 16,587 29,088 25,801 39,062 616,732 2634,353 9,683 23,418 10,096 3,100 6,605 4,975 199 65,548 4,023 764,150 2163,428 786,933 213,104 603,327 219,458 36,765 2,256 441,380 123,091 53,943 108,201 3,312 6,643 661,991 647,611 1299,001 184,613 180,602 362,260 4,546,658 1297,159 1808,115 1260,195 1044,812 2958,023 1075,962 603,492 905,130 13,881 1,930 107 8,857 10,550 Other cash 216,886 24,361 Discounts and advances 300 38,378 Industrial loans 2,247 U. S. Govt, securities: Bills 81,922 1,188,309 Certificates 5,029 72,950 14,266,118 983,506 Notes Bonds 3,978,475 274,276 49,576 8,000 27 11,914 2,485 1,906 12,820 2,125 1 276,985 17,004 3,325,318 927,351 79,024 110,152 Total U.S.Government securities 19,505,852 1344,733 Total loans and securities 19,5^6,477 1345,033 4,554,685 1301,550 1810,241 1262,232 1046,119 2958,723 1079,062 608,666 915,680 886,681 1777,805 Due from foreign banks 24 F.R.notes of other banks 141,262 Uncollected items 4,021,933 Bank premises 36,585 Other assets 84,257 TOTAL ASSETS 2 5,829 334,482 1,087 5,602 76,772 4,714 948,711 1322,412 921,677 264,572 368,789 257,032 4,852 1/ 7 2 7,707 2,937 6,762 1,300 7 700 63,651 180,205 3,907 11,063 2 1 1 4,816 2,809 1,502 3 1 4,123 2,011 1,213 1,700 55,141 3,385 1 1 1,122 2,257 885,468 1776,105 1 2 24,995 6,392 6,927 24,629 10,100 17,323 8,356 5,598 6,921 6,530 17,662 725,163 267,025 376,505 351,472 261,677 674,049 173,025 119,185 196,694 182,788 359,868 19,110 5,125 7,809 5,234 4,509 12,653 5,922 2,511 4,524 687 3,857 5,527 7,401 46,126,268 2612,842 12,333,451 2818,899 3811,055 2704,808 2272,725 7998,760 1912,743 1171,179 1956,811 1706,959 4826,036 1/ After deducting $17,000 participations of other Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 18, 1950 (in thousands of dollars) New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran* Total Boston 5,160,861 1613,942 2059,567 1601,063 1258,228 4476,614 1053,204 599,137 903,305 621,812 2332,664 23,069,943 1389,546 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve acct. 17,245,373 784,443 5,781,557 812,479 1272,191 693,644 671,771 2639,564 598,547 390,804 777,449 830,937 1991,987 49,302 37,085 39,139 23,144 35,920 82,545 29,092 32,511 33,298 24,319 27,044 U.S.Treasurer-general acct. 448,537 35,138 1/322,069 80,896 92,019 50,560 42,470 139,546 36,403 25,280 37,414 35,392 90,007 Foreign 1,015,762 63,706 574 37,204 518 2,675 5,307 1,026 305 217,258 1,070 4,392 3,021 Other 276,366 3,016 Total deposits 18,986,038 886,303 6,370,186 931,530 1407,741 770,369 750,679 2864,330 669,349 449,621 848,466 891,222 2146,242 531,062 201,590 258,521 284,124 222,385 529,023 152,857 97,104 168,527 158,137 261,899 Deferred availability items 3,142,596 277,367 Other liabilities including 830 388 311 462 278 340 1,540 459 1,007 2.725 J2±_ accrued dividends 9,631 970 45,208,208 TOTAL LIABILITIES Capital paid in 221,032 Surplus (Section 7) 488,173 Surplus (Section 13b) 27,543 Other capital accounts 181,312 TOTAL LIABILITIES AND 46,126,268 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 23,085 Commitments to make industrial loans 1,470 F.R. notes outstanding 23,844,861 Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,029,000 Eligible paper 32,890 U.S. Govt, securities 10,700,000 Discounts and advances Industrial loans U.S. Govt, securities 2554,186 12,064,834 2747,521 3726,836 2656,018 2231,632 7871,507 1875,731 1146,l4o 1920,609 1671,559 4741,635 9,726 8,787 28,247 7,269 4,953 8,032 9,474 23,343 12,198 73,016 15,577 20,410 42,552 45,957 23,779 21,194 72,029 19,118 12,494 18,045 15,873 30,778 148,149 38,205 2,140 1,006 3,349 762 1,429 521 1,073 1,137 1,307 3,011 7,319 M89 16,366 11,936 10,350 25,548 10,104 6,519 8,988 8,746 16,846 12,669 40,133 13,107 2612,842 12,333,451 2818,899 3811,055 2704,808 2272,725 7998,760 1912,743 1171,179 1956,811 1706,959 4826,036 1,454 2/ 7,249 1,847 2,101 1,154 970 3,186 831 577 854 808 2,054 500 ——— 113 —«*— ——— 83 474 54 — 246 — ——— 1450,671 5,330,629 1657,411 2127,901 1643,463 1329,491 4561,534 1094,555 609,024 931,414 651,888 2456,880 440,000 4,770,000 750,000 925,000 670,000 650,000 2880,000 350,000 300 3,050 1,830 8,000 2,485 700,000 1000,000 1250,000 1000,000 700,000 1700,000 800,000 1100,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 6 months 91 days to Within 61 to 16 to 31 to 6 months to 1 year 60 -days 15 days 30 days Total 90 days 425 870 36,181 902 38,378 225 517 41 297 19 150 2,247 9,181,748 464,6l4 307,483 175,652 313,510 19,505,852 l/ After deducting $693,684,000 participations of other Federal Reserve 2/ After deducting $15,836,000 participations of other Federal Reserve 210,000 280,000 204,000 1900,000 10,550 --1,700 4,975 450,000 700,000 500,000 800,000 1 to 2 years 2 to 5 years Over 5 years - - - 291 4,825,620 Banks. Banks. 707 2,828,000
@FedFRASER