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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.4.1 October 26, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended. October 25 member bank reserve balances decreased $5<96 million. Reductions in member bank reserves resulted from a decrease of $673 million in Reserve Bank credit and an increase of $73 million in nonmember deposits and other Federal Reserve accounts, offset in part by decreases of $107 million in money in circulation, $29 million in Treasury deposits with Federal Reserve Banks, and $13 million in Treasury cash holdings. Excess reserves of member banks on October 25 were estimated to be approximately $740 million. Holdings of loans, discounts and advances increased $11 million, while holdings of United States Government securities decreased $277 million, the latter change reflecting decreases of $372 million in bills and $3 million in certifi-; cates, and increases of $79 million in bonds and $19 million in notes. Changes in member bank reserve balances and related items during the week and the year ended October 25, 1950, were as follows: Increase or decrease since Oct. 25, 1950 Oct. 18, 1950 Oct. 26, 19^9 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit Total Reserve Bank credit Gold stock Treasury currency outstanding Member bank reserve balances Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Nonmember deposits and other F. R. 19,229 -277 +1,826 52 +11 - 471 -408 + 180 87 -673 +1,920 23,290 4,618 + 1 1 -1,294 + 27 16,649 -596 -107 - 13 - 29 + 551 - 207 13 + 46 + 277 19,753 27,121 1,300 420 2,172 + 73 H A . 1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (la thousands of dollars) Increase Or decrease since ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Oct. 18, 1950 Oct. 25, 1950 Oct, 26, 1949 1,221,000 12,720 1,233,720 21,553,431 533,16? 22,086,598 + + 7,754 7,754 238,650 + 21,764 40,393 50,242 2,166 + 11,864 81 + 87,595 1,197 — * - - Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 69,950 14,285,518 4,057,975 + + 372,700 2,979,315 3,000 5,701,950 19,400 +13,987,418 3,480,225 79,500 19,229,052 - 276,800 + 1,825,928 Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 19,281,460 24 153,461 3,192,277 36,884 90,782 265,017 + 1,739,530 11 + + 26,365 12,199 829,656 + 636,074 + 299 + 3,919 + 33,604 6,525 45,080,136 -1,046,132 + 22,990,540 - 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 16,648,683 420,333 1,071,745 295,344 18,436,105 2,720,905 - - - - - - 79,403 - 596,690 + 28,204 + 55,983 + 18,978 549,933 421,691 - + + - + + VO 00 - H TOTAL ASSETS 815,609 - 201,906 550,683 46,792 458,128 254,357 801,246 455,549 2,041 1,212 -1,049,615 + 1,052,848 10,843 44,158,393 + 221,132 488,173 27,543 184,895 45,080,136 + 100 + + 13,957 21,462 • <* — — 3,583 + 9,893 •1,046,132 + 1,098,160 + 53.3 % + 23,172 3,090 + 4* .8# - 87 + 1,620 + 3.8# 20,019 1,213 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 25, 1950 (In thousands of dollars) ASSETS Total Gold certificates Redemption fund for F. R. notes Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. 21,553,431 824,323 6,737,688 1209,489 1549,656 1026,704 926,113 4304,751 626,740 399,738 803,869 558,712 2585,648 „ , , „ , „ „ 533,16? 52,883 34,309 46,211 65,441 51,511 35,339 86,682 41,085 21,617 33,305 25,801 38,983 Total gold certificate „ , reserves 22,086,598 877,206 6,771,997 1255,700 1615,097 1078,215 961,452 4391, 667,825 421,355 837,174 Other cash 238,650 25,430 57,705 14,124 17,335 14,723 16,002 31,092 10,320 6,107 11,154 6,880 6,922 5,025 Discounts and advances 50,242 2,300 6,025 2,185 6,875 3,780 5,450 4,000 6,880 - - 193 Industrial loans 2,l66 --27 1,832 1 106 7 U. S. Govt, securities: , .. Bills 815,609 56,228 190,112 54,239 75,604 52,693 43,687 123,685 44,990 25,234 37,847 Certificates 69,950 4,822 16,305 4,652 6,484 4,519 3,747 10,607 3,858 2,164 3,246 662,891 441,980 ' 788,003 Notes 14,285,518 984,844 3,329,840 950,001 1324,210 922,930 765,190 2166, 223,843 125,550 188,302 Bonds 4,057,975 279,757 945,881 269,859 376,158 262,170 217,361 615, 9,296 100 25,362 700 37,025 3,176 . , 74,265 6,370 Total UL. S., Government „, , ^ „ „ securities 19,229,052 1325,651 4,482,138 1278,751 1782,456 1242,312 1029,985 2916,047 1060,694 594,928 892,286 872,903 1750,901 T °8e^itie8~ 19,281,460 1327,951 4,488,190 1282,768 1789,332 1246,198 1035,442 2920,04? 1065,719 602,043 899,166 873,003 1751,601 Due from foreign banks 24 2 F.R.notes of other banks 153,461 7,749 Uncollected items 3,192,277 247,605 Bank premises 36,884 1,087 Other assets 90,782 6,l64 TOTAL ASSETS l/ 7 2 2 1 1 3 1 28,281 6,904 7,503 29,554 10,279 18,837 8,121 573,009 198,349 315,993 280,463 197,610 513,305 148,101 7,712 2,931 4,8l6 2,799 1,726 4,123 2,011 20,168 5,658 8,387 5,703 4,646 13,940 6,331 1 1 1 2 7,100 7,505 5,813 15,815 99,803 182,069 158,709 277,261 1,122 2,257 687 5,613 2,716 4,864 4,096 8,109 45,080,136 2493,194 11,947,069 2766,436 3758,465 2657,656 2227,158 7892,780 1908,429 1140,24? 1944,190 1636,118 4708,394 1/ After deducting $17,000 participations of other Federal Reserve Banks. H .4.1(c) L I A B I L I T I E S Total Boston Federal Reserve notes 22,990,540 1384,109 Deposits: Member bank-reserve acct, 16,648,683 719,412 U.S.Treasurer-general acct. 420,333 33,268 Foreign 1,071,745 67,171 Other 295»344 4,086 Total deposits 18,436,105 Deferred availability items 2,720,905 Other liabilities including accrued dividends 10,843 TOTAL LIABILITIES 44,158,393 Capital paid in 221,132 Surplus (Section 7) 488,173 Surplus (Section 13b) 27,543 Other capital accounts 184,895 TOTAL LIABILITIES AND 45,080,136 CAPITAL ACCOUNTS Contingent liability on acceptances purchased 23,172 for foreign correspondents Commitments to make industrial loans 3,090 F.R. notes outstanding 23,837,142 Collateral for F.R. notes held by F.R. Agents: Gold certificates 13,929,000 Eligible paper 32,817 U.S. Govt, securities 10,800,000 Discounts and advances Industrial loans U.S. Govt, securities Total 50,242 2,166 19,229,052 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON (in thousands of dollars) Phila. Cleve. Rich. Atlanta Chicago New York 5,132,646 1614,499 2056,672 1595,353 1250,807 4464,797 . 5,449,519 791,273 1233,758 677,064 676,190 2651,566 27,016 35,091 53,202 36,040 38,568 47,969 53,310 44,780 147,136 85,296 97,024 1/340,322 3,296 926 3,562 2,205 5,632 230,001 823,937 6,067,811 914,814 1374,982 760,686 473,060 165,026 241,154 252,101 225,670 640 4,115 469 1,103 492 756,987 2855,466 177,710 443,280 356 1,386 OCTOBER 25, 1950 St.Louis 1054,055 Mpls, Kans.Cy. 598,322 901,037 Dallas SanFran. 619,171 2319,072 604,610 40,073 38,383 5,229 375,322 30,285 26,655 1,495 781,015 27,471 39,449 215 775,658 1913,296 24,420 26,930 37,317 94,902 1,516 37,181 688,295 128,492 433,757 82,720 848,150 158,272 838,911 2072,309 142,047 231,373 330 302 298 4l8 934 2434,356 11,677,632 2694,808 3673,911 2608,632 2185,860 7764,929 1871,172 1115,101 1907,757 1600,547 4623,688 23,355 15,577 20,414 9,729 8,794 28,282 7,287 4,955 8,042 9,480 12,198 73,019 42,552 38,205 45,957 23,779 21,194 72,029 19,118 12,494 18,045 15,873 148,149 30,778 2,140 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 3,011 7,319 16,659 13,357 17,177 12,167 10,548 26,111 10,331 6,624 9,209 8,911 40,950 12,851 2493,194 11,947,069 2766,436 3758,465 2657,656 2227,158 7892,780 1908,429 1140,247 1944,190 1636,118 4708,394 1,464 1449,788 837 581 - — 246 54 473 254 5,317,099 1664,456 2126,810 1637,855 1326,714 4555,456 1102,189 — 609,913 2/ 7,228 1,859 2,115 1,162 976 3,207 860 8l4 2,069 500 — 1,563 930,650 651,061 2465,151 4,770,000 750,000 825,000 670,000 650,000 2880,000 350,000 210,000 280,000 204,000 1900,000 6,922 6,880 — 700 5,225 2,085 — 3,680 — — 5,025 700,000 1000,000 1350,000 1000,000 700,000 1700,000 800,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Over 1 to 2 2 to 5 IT months 91 days to 6l to 31 to l6 to Within 5 years years years 1 year to 6 months 90 days 60 days 30 days 15 days 375 2,207 46,905 755 702 403 518 190 16 255 9 73 2,907,500 1,409,225 9,207,548 4,819,220 315,829 235,560 134,633 199,537 440,000 2,300 1100,000 1/ After deducting $731,413,000 participations of other Federal Reserve Banks. 2/ After deducting $15,944,000 participations of other Federal Reserve Banks.
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