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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) September 14, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 13 member bank reserve balances increased §254 million. Additions to member bank reserves resulted from an increase of $227 million in Reserve Bank credit and decreases of §108 million in money in circulation, f>6 million in Treasury cash holdings, and $51 million in nonmember deposits and other Federal Reserve accounts, offset in part by an increase of $>137 million in Treasury deposits with Federal Reserve Banks . Excess reserves of member banks on September 1$ were estimated to be approximately $990 million. Holdings of loans, discounts and advances decreased $28 million, while holdings of United States Government securities increased $122 million, the latter change reflecting increases of $949 million in bonds and $103 million in certificates, and decreases of §717 million in bills and $213 million in notes. Changes in member bank reserve balances and related items during the week and the year ended September 13, 1950, were as follows: Increase or decrease since Sept. 13, 1950 Sept. 6, 1950 Sept. 14, 1949 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 19,064 73 527 +122 - 28 +133 Total Reserve Bank credit Gold stock Treasury currency outstanding 19,665 23,576 - Member bank reserve balances Money in circulation Treasury cash holdings Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 16,865 4,613 27,151 1,305 648 1,885 +227 1 — +254 -108 ,~ 6 +137 - 51 +1,814 - 51 + 97 •1 ,861 -1,073 + 21 + - + + 5h3 303 7 314 263 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 Discounts and advances Industrial loans -y. 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 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 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 Sept. 6 , 1950 Sept. 14 1949 21,808,431 526,190 22,334,621 - 12,998 + 8,245 - 4,753 -1,042,999 25,990 -1,068,989 239,896 + 25,121 - 26,271 71,154 2,175 - 27,702 90 + 51,912 1,574 1,581,416 5,185,468 -717,391 +103,582 -213,372 -1,995,094 - 414,632 +3,765,528 19,064,375 +122,070 +1,814,465 19,137,704 24 140,959 3,571,496 + 94,278 170,430 + 20,255 +831,053 + l64 + 16,319 +1,764,127 24 + 12,478 + 366,195 + 3,222 + 29,733 45,631,217 +982,437 +1,080,471 22,983,018 - 71,363 - 16,865,152 647,615 872,264 309,315 18,694,346 3,044,179 +254,452 +136,247 - 56,054 + 17,494 +352,139 +697,976 + 543,247 + 313,499 + 450,334 - 199,966 +1,107,114 + 269,106 8,813 + 413 +979,165 1,620 +1,033,455 + + + Sept. 13, 1950 4,063,628 8,233,863 36,087 44,730,356 220,643 488,173 27,543 164,502 45,631,217 53.6# 20,165 2,564 +949,251 37 + 458,663 341,145 13,758 21,462 «•» mm mm + 3,235 +902,437 - .4% + 2,007 + 96 + 11,796 +1,000,471 3*6^ + + 18,049 1,225 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 13, 1950 (In thousands of dollars) A S S E T S Total Gold certificates Redemption fund for F. R. notes Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 21,808,451 825,661 6,845,248 1190,748 1575,788 1001,033 526,190 51,529 31,837 46,449 60,337 50,352 259,896 71,154 2,175 1,581,416 5,185,468 4,065,628 8,255,865 26,588 5,600 — 50,455 20,455 29 13,191 2,055 1,825 19,952 6,970 1 15,109 3,540 117 Dallas SanFran. 949,469 *4420,754 581,582 417,542 800,802 581,072 2625,152 36.009 87,573 41.383 Total gold certificate reserves 22,554,621 877,190 6,875,085 1257,197 1654,125 1051,585 985,478 4508,507 622,765 Other cash Discounts and advances Industrial loans U» S. Govt, securities: Bills Certificates Notes Bonds Mpls. Kans.Cy. 17,755 2,920 5 32,235 4,150 11,902 17,159 — — 21.728 33.570 25.970 39,453 459,070 854,572 607,042 2662,605 7,102 980 198 9,911 8,450 — 10,14+5 715 25,457 200 — 109,025 568,615 105,166 146,591 102,169 84,707 259,819 87,255 48,927 73,382 71,788 145,996 557,486 1,208,692 544,859 480,672 355,012 277,754 786,365 286,055 160,454 240,621 255,595 472,165 280,146 947,199 270,255 576,682 262,555 217,664 616,241 224,154 125,725 188,565 184,468 570,014 567,645 1,919,248 547,560 763,246 551.957 441.039 1248.649 454.188 25ti.7ii7 382 .076 373.776 7ii9.73ii Total U.S. Government securities 19,064,575 1314,298 4,445,754 1267,800 1767,191 1251,675 1021,164 2891,074 1051,610 589,855 884,644 865,427 1755,907 Total loans and securities 19,157,704 1517,898 4,464,258 1271,660 1774,162 1255,530 1024,089 2895,224 1068,769 591,011 895,074 Due from foreign banks 2 24 F.R„notes of other banks 140,959 8,017 uncollected items 5,571,496 266,679 Bank premises 56,087 1,092 Other assets 11.687 170.430 TOTAL ASSETS 866,142 1756,107 2 1/ 7 2 1 1 I 2 1 1 1 3 21,959 6,492 22,091 10,772 17,658 8,178 5,857 8,785 5,644 16,912 8,594 601,944 227,755 554,464 315,022 219,476 596,159 191,757 118,595 202,415 162,686 334,550 7,726 2,600 2,942 1,125 2,015 1,505 4,064 692 2,265 4,855 5,250 10.633 7.611 1 M Q 0 15.513 U.054 38,874 9,3,55 25.027 15,577 45,631,21? 2508,955 12,060,286 2770,291 5788,972 2652,658 2268,251 8079,475 1916,020 1170,610 1959,304 1660,261 4796,176 \J After deducting $17,000 participations of other Federal Reserve Banks. H,4.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 13, 1950 (In thousands of dollars) Mpls. Kans Cy. New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Boston Total 5 9 4,871 901,643 22,983,018 1385,133 5,158,068 1609,990 2061,764 1563,359 1239,771 4476,549 1041,419 Dallas SanFran, L I A B I L I T I E S 615,428 2335,023 Federal Reserve notes Deposits: 7 8 8 , 9 6 2 1955,550 Member bank-reserve acct. 16,865,152 733,117 5,548,893 780,024 1234,681 681,291 680,735 2727,551 574,626 3 8 3 , 2 1 7 776,505 32,926 32,097 6 7 , 0 1 5 137,431 5 1 , 6 8 4 43,715 3 4 , 6 0 8 62,645 50,554 55,405 45,435 U.S.Treasurer-general acct,. 647,615 34,100 76,267 29,985 3 5 , 9 8 1 118,225 3 0 , 8 4 1 2 1 , 4 1 8 3 1 , 6 9 8 77,959 42,835 872,264 53,972 1/284,547 6 8 , 5 3 6 Foreign 1,128 37,212 6 7 8 2 , 3 2 8 4,958 1 , 5 5 4 5 2 2 245,338 2,158 5,561 4,408 3,470 309,315 Other 18,694,346 824,659 6,141,423 901,272 1373,606 773,969 784,409 2985,535 662,109 449,904 843,333 8 5 3 , 0 0 1 2101,126 Total deposits 4 9 2 , 8 9 6 188,440 2 7 0 , 2 5 7 267,130 203,561 491,790 1 7 6 , 0 8 1 101,040 1 7 8 , 6 5 3 1 5 6 , 8 8 1 276,536 Deferred availability items 3,044,179 240,914 Other liabilities including 746 315 229 299 342 1,215 333 405 425 3,010 738 8,813 756 accrued dividends TOTAL LIABILITIES 44,730,356 2 4 5 1 , 4 6 2 1 1 , 7 9 5 , 3 9 7 2 7 0 0 , 1 2 7 3 7 0 6 , 3 6 5 2 6 0 4 , 8 6 3 2 2 2 8 , 0 8 3 7 9 5 5 , 0 8 9 12,186 73,I6I 15,542 20,392 9,690 8,769 28,205 Capital paid in 220,643 30,778 148,149 3 8 , 2 0 5 45,957 23,779 21,194 7 2 , 0 2 9 Surplus (Section 7) 488,173 3,011 7,319 4,489 1 , 0 0 6 3,349 762 1,429 Surplus (Section 13b) 27,543 Other capital accounts 11,516 36,260 11,928 1 5 , 2 5 2 10,957 9,423 22,723 164,502 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 4 5 , 6 3 1 , 2 1 7 2 5 0 8 , 9 5 3 1 2 , 0 6 0 , 2 8 6 2770,291 3788,972 2 6 5 2 , 6 3 8 2268,231 8079,475 Contingent liability on acceptances purchased for foreign correspondents 20,165 1,270 2/6,332 1,613 1,835 1,008 847 2,783 Commitments to make industrial loans 2,564 — — 1,134 486 60 — 268 F.R. notes outstanding 23,766,246 1448,722 5,305,864 1 6 5 9 , 3 1 0 2131,295 1600,637 1 3 1 3 , 1 0 1 4561,202 Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,054,000 4 4 0 , 0 0 0 4 , 7 7 0 , 0 0 0 7 5 0 , 0 0 0 9 2 5 , 0 0 0 6 7 0 , 0 0 0 6 7 5 , 0 0 0 2 8 8 0 , 0 0 0 Eligible paper 19,555 2,035 — 3,5^0 —3,600 55,499 U. S. Govt, securities 1 0 , 6 6 5 , 0 0 0 1100,000 700,000 1000,000 1250,000 965,000 700,000 1700,000 Discounts and advances Industrial loans U.S. Govt, securities 1879,942 1146,114 1923,858 1625,625 7,240 4 , 9 4 2 7,917 9,468 19,118 12,494 1 8 , 0 4 5 15,873 4713,431 23,131 1,073 5,987 1,137 8,347 1916,020 1170,610 1959,304 1660,261 4796,176 707 1,794 521 9,199 726 — 504 — 1088,122 607,581 42,552 1,307 2,l4c 7,988—14,922 746 500 --U£ 935,223 647,417 2467,77< 3 5 0 , 0 0 0 2 1 0 , 0 0 0 2 8 0 , 0 0 0 ;204,000 1900,00C 20C 8,430 980 17,159 8 0 0 , 0 0 0 450,000 700,000 5:0 0 , 0 0 0 800,00c MATURITY DISTRIBUTION OF LOANS AND SECURITIES 2 to ; 1 to 2 31 to 6l to 91 days to 6 months Within 16 to years years 60 days 90 days 6 months to 1 year 15 days 30 days Total 1,668 5,410 1 — 62,360 71,154 1,715 746 306 186 27 374 391 82 63 2,175 1,474,125 410,187 219,508 215,300 3,792,428 19,064,375 6,155,786 4,297,841 1/ After deducting $ 5 8 7 , 6 9 6 , 0 0 0 participations of other Federal Reserve Banks. 2/ After deducting $13,833,000 participations of other Federal Reserve Banks. Over 5 years 2,499,200
@FedFRASER