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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4,1 (For Immediate Release) September 21, 1950 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 20 member bank reserve balances decreased $566 million. Reductions in member bank reserves resulted from decreases of $496 million in Reserve Bank credit and $51 million in gold stock, and increases of $87 million in nonmember deposits and other Federal Reserve accounts and $6 million in Treasury deposits with Federal Reserve Banks, offset in part by decreases of $70 million in money in circulation and $4 million in Treasury cash holdings. Excess reserves of member banks on September 20 were estimated to be approximately $390 million. Holdings of loans, discounts and advances decreased $20 million and of United States Government securities $530 million, the latter change reflecting decreases of $4,502 million in bonds, $704 million in certificates and $564 million in bills, and an increase of $5,232 million in notes. Changes in member bank reserve balances and related items during the week and the year ended September 20, 1950, were as follows: Increase or decrease since Sept. 20, 1950 Sept. 13, 1950 Sept. 21, 1949 (In millions of dollars) U. S. Govt, securities Loans, discounts and advances Other Reserve Bank credit 18,526 53 589 -536 - 20 + 62 +1,372 94 + 257 Total Reserve Bank credit Gold stock Treasury currency outstanding 19,169 23,525 4,613 -496 - 51 +1,536 -1,166 + 22 Member bank reserve balances Money in circulation Treasury cash holdings Treasury deposits with F, R. Banks Nonmember deposits and other F, R. accounts 16,299 27,081 1,301 654 1,972 -566 - 70 - 4 + 6 + 87 — + + 539 284 13 147 297 H.U.l(a) STATEMENT OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since A S S E T S Sold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans Uv S. Govt, securities: Bills Certificates Notes Bonds Total U, S. Government securities Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve account U. S. Treasurer-general account Foreign Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section l$b) 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. 20, 1950 Sept. 21, 1949 ' Sept* 13, 1950 1+6,000 21,762,431 524,771 22,267,202 «... - 1,419 47,419 •1,127,000 25,826 -1,152,826 2hl,bk5 > 1,549 - #,214 51,274 - 19,880 - 94,896 2,181 + 1,017,296 - 4,481,474 - 9,296,212 >73.1 >07.5. 18,526,057 + 1,596 564,120 703,994 +5,232,584 -4,502,788 -2,515,078 -1,303,926 +8,998,112 -3,807,125 538,318 +1,371,983 558,192 +1,278,683 . 24 - - 18,579,512 24 6 151,124 + 3,871,744 36,094 4- 10,165 + 18,484 + 779,531 107,677 - 300,248 7 62,753 45,274,822 - 356,395 + 875,403 22,924,014 - 59,004 - 324,406 566,641 6,563 19,785 2,953 537,340 238,156 + + + + 538,709 147,172 457,542 215,172 633,907 522,129 1,434 359,622 + 2,654 828,976 8 + + 13,667 21,462 3,235 356,395 + + 11,299 675,403 + 16,298,511 654,178 892,049 312,268 + + 18,157,006 3,282,335 7,379 44,370,734 220,635 488,173 27,543 167,737 + m 3,222 14,453 — li5,274,822 + 54.3$ 21,964 2,540 + - 3.2# 7% + - 1,799 24 + + 18,653 1,392 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 20, 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 Mpls. Kans.Cy. Dallas SanFran. 21,762,431 839,135 6,647,423 1228,262 1593,100 1014,602 968,920 4408,762 594,388 416,239 803,224 619,898 2628,478 524,771 Total gold certificate 22,287,202 reserves 51,417 31,315 46,232 61,178 49,633 35,870 87,328 41,314 21,703 33,482 25,937 39,362 890,552 6,678,738 1274,494 1654,278 1064,235 1004,790 4496,090 635,702 437,942 836,706 645,835 2667,840 Other cash 241,445 24,807 46,190 14,940 17,488 16,844 20,180 31,867 11,128 7,902 11,581 11,034 27,484 Discounts and advances 1,160 6,230 51,274 2,500 2,890 2,405 1,300 5,264 12,605 1,615 150 9,185 5,970 Industrial loans 2,181 28 1 108 202 1,837 5 — U.. S. Govt, securities; Bills 1,017,296 70,132 237,124 67,651 94,299 65,723 54,491 154,271 56,115 31,474 47,206 46,180 92,630 Certificates 4,481,474 308,953 1,044,595 298,023 415,414 289,530 240,046 679,607 247,203 138,653 207,954 203,436 4o8,o6o Notes 9,296,212 64o,88l 2,166,873 618,207 861,722 600,591 497,942 1409,752 512,788 287,615 431,372 422,002 846,467 Bonds 3,731,075 257,220 ' 869,684 248,120 345,856 241,050 199,851 565,810 205,810 115,436 173,133 169,372 339,733 Total U.S.Government securities Total loans and securities 18,526,057 1277,186 4,318,276 1232,001 1717,291 1196,894 992,330 2809,440 1021,916 573,178 859,665 840,990 1686,890 18,579,512 1279,686 Due from foreign banks 24 2 F.R.notes of other banks 151,124 5,305 Uncollected items 3,871,744 279,542 Bank premises 36,094 1,092 Other assets 107,677 7>208 TOTAL ASSETS 4,327,489 1234,998 1723,262 1199,892 994,740 2810,740 1027,180 585,985 865,895 842,605 1687,040 l/ 1 2 2 1 1 3 1 1 1 1 2 24,732 6,503 7,290 27,646 12,513 17,825 8,988 8,101 8,384 5,567 18,270 705,815 256,131 360,863 362,567 233,107 635,357 196,703 115,342 201,748 167,399 357,170 7,726 2,942 4,830 2,606 1,505 4,068 2,015 1,125 2,263 692 5,230 24,171 6,891 9,965 7,019 5,836 16.137 7.182 3,207 5.564 4.872 9.625 45,274,822 2488,194 11,814,868 2796,901 3777,978 2680,810 2272,672 8012,087 1888,899 1159,605 1932,142 1678,005 4772,661 1/ After deducting $17,000 participations of other Federal Reserve Banks.- H.l+»l(c) Boston L I A B I L I T I E S Total Federal Reserve notes 22,924*014 1379,688 Depositsj Member bank-reserve acct. 16,298,511 698,366 U.S.Treasurer-general acct. 65l4.fl78 28,786 Foreign 892,01+9 55,585 Other 312,268 4,158 Total deposits 18,157,006 786,895 Deferred availability items 3,282,335 263,343 Other liabilities including accrued dividends 7 ,379 513 5,217,551 93,900 1/286,770 248,289 782,413 1204,651 679,345 51,221 53,976 32,660 70,584 80,289 44,115 1,747 5,145 3,922 5,846,510 546,059 905,965 1344,061 214,215 296,045 308,993 819 m. 2,112 TOTAL LIABILITIES 44,370,734 2430,439 Capital paid in 220,635 12,186 Surplus (Section 7) 488,173 30,778 Surplus (Section 15b) 27,543 3,011 Other capital accounts 11,780 167,737 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,274,82? 2488,194 Contingent liability on acceptances purchased for foreign correspondents 21,964 1,384 Commitments to make industrial loans 2,54o —F.R, notes outstanding 23 ,726,864 1450,983 Collateral for F.R. notes held by F.R. Agents; 14 ,004,000 440,000 Gold certificates Eligible paper 39,684 2,500 U* S. Govt, securities 10 ,665,000 1100,000 Discounts and advances Industrial loans U« S. Govt, securities STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 20, I95O (In thousands of dollars) New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. 5,154,766 1606,022 2054,140 1563,501 1236,229 4470,479 1039,354. 595,068 897,992 J21 671,000 2580,235 72,128 182,566 37,057 121,757 1,151 JjMl D&llas SanFran. 612,187 2314,588 565,460 394,415 769,701 808,499 1926,875 32,142 25,035 15,550 25,566 40,648 31,763 22,058 32,645 30,881 78,545 5,836 749 659 628 36.088 760,042 781,336 2888,454 635,201 1442,257 818,555 865,574 2082,156 214,505 526,874 177,855 284 1.188 249 97,284 179,867 403 165,124 292,171 Ml 222 621 11,549,447 2726,525 3695,065 2632,837 2232,354 7886,995 1852,659 1135,012 1896,636 1643,229 4689,536 23,250 20,394 9,690 8,769 28,208 7,249 4,947 7,932 9,468 72,999 15,543 42,552 45,957 23,779 21,194 72,029 19,118 12,494 18,045 15,873 148,149 38,205 2,140 1,006 3,349 762 1,429 521 1,073 1,137 1,307 7,319 4,489 15.183 36,954 12,139 15,556 11,155 9,593 23,426 9,352 6,079 8,392 8,128 11,814,868 2796,901 3777,978 2680,810 2272,672 8012,087 1888,899 1159,605 1932,142 1678,005 4772,661 2/6,897 1,757 1,999 1,098 922 3,031 791 — 1,117 485 54 268 **"* 5,293,550 1650,579 2126,069 1611,348 1305,887 4559,574 1085,408 549 812 —— 500 606,024 931,302 769 1,955 ll6 643,556 2462,584 4,770,000 750,000 925,000 670,000 625,000 2880,000 350,000 210,000 280,000 204,000 1900,000 150 6,230 — 12,605 8,885 1,160 — 2,890 5,264 800,000 700,000 500,000 700,000 1000,000 1250,000 965,000 700,000 1700,000 800,000 450,000 Within Total 15 days 517274 47,640 2,181 92 18,526,057 k ,870,462 1/ l6 to 30 days 1,524 9 193,963 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 1 to 2 2 to 5 6 months 61 to 91 days to 31 to years 6 months to 1 year years 60 days 90 days 1 ,740 370 748 26 289 185 445 387 63,400 3,714,078 5,318,384 1,434,225 241,462 129,483 After deducting $605,258,000 participations of other Federal Reserve Banks. After deducting $15,06?,000 participations of other Federal Reserve Banks, Over 5 years 2,560,600
@FedFRASER