BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

H.4.1 (For Immediate Release) April 6, 1950

CONDITION OF THE FEDERAL RESERVE BANKS

During the week ended April 5 member "bank reserve balances increased $189 million. Additions to member bank reserves resulted from decreases of $375 million in Treasury deposits with Federal Reserve Banks and $4 million in Treasury cash, and an increase of $2 million in Treasury currency, offset in part by increases of $164 million in money in circulation and $15 million in nonmember deposits and other Federal Reserve accounts and A decrease of $12 million^in^ Reserve Bank credit. Excess reserves of member banks on April 5 were estimated to be approximately $7^0 million.

Holdings of loans, discounts and advances decreased $196 million, while holdings of United States Government securities increased $56 million, the latter change reflecting increases of $109 million in "bills and $75 million in notes, and decreases of $70 million in certificates and $58 million in bonds.

Changes in member bank reserve balances and related items during the week and the year ended April 5; 195^ were as follows:

Increase or decrease since

U. S. Government securities Loans, discounts and advances Other Reserve Bank credit

Total Reserve Bank credit Gold stock Treasury currency

Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Honmember deposits and other F. R. accounts

April 5; 1950

March 29, 1950

April 6, 1949

(In millions of dollars)

1 7 , 5 7 2 + 56 1 7 1 - 1 9 6 3 8 9 +128

1 8 , 1 3 2 - 12 24,246 — —

4,601 + 2

15,971 +189 27,133 +164 1,317 - 4

6 2 2 -375 1,936 + 15

-4,025 - 43 + 56

-4,011 - 71 + 10

- 3 , 3 4 0 - 3 8 1 - 12 - 4?4 + 1*6

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(a) STATEMENT OF CONDITION

OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars)

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 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

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

Apr. 5, 1950

22,488,430 541,340

23,029,770

237,600

168,146 2,602

3,972,375 5,788,750 1,454,000 6,357,300

17,572,425

17,743,173 33

97,389 2,471,823

34,375 114,224

43,728,387

22,967,632

15,970,695 622,199 882,603 284,404

17,759,901 2,083,192

12,822 42,823,547

214,981 488,173 27,543

,, m,i*3 43,720,3#?

Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 56.5% Contingent liability on acceptances purchased for foreign correspondents 7,729 Commitments to make industrial loans 1,243

Increase or decrease since

Mar. 29, 1950

+ 10,003

+ 10,003

- 35,493

-196,730 + 33

+109,500 - 69,800 + 74,800 - 57,800

+ 56,700

-139,997

- 13,706 - 97,677

52 + 977

Apr. 6, 1949

+ 21,999 - f7,344 : 557355

- 65,104

- 44,758 + 1,843

-1,201,496 -1,098,229 +1,069>400 -2,793,800

-4.024,125

-4,067,040 16

- 12,302 + 79,855 + 2,219 - 42,878

-275,945 -4,150,611

+119,055 - 455,801

+189,134 -374,640 + 3,878 + 8.017 -173,611 -225,571

-3,340,627 - 493,363 + 271,163 - 208,332 -3,771,159 + 23,732

433 1,534 -280,560 -4,204,762

+ 12 + 10,704 + 21,462

+ 4,603 + 21,985 -275,945 -4,150,611

.1*

162 31

+ 5.2#

+ 2,463 2,016

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b)

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 U. S. Govt, securities:

Bills Certificates Notes Bonds

Total U.S.Government

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 5, 1950 (in thousands of dollars)

Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran.

0

on -d-1 CXI

CVI 895,206 6,935,591 1292,580 1630,602 1083,881 1034,962 4287,813 697,595 482,904 857,936 667,527 2621,833

541,340 49,989 43,471 46,187 57,381 48,863 38,411 89,994 42,379 22,096 34,341 26,705 41,523

23,029,770 945,195 6,979,062 1338,767 1687,983 1132,744 1073,373 4377,807 739,974 505,000 892,277 694,232 2663,356

237,600 168,146

2,602

17,184 12,757

55,949 13,664 70,527 4,184 «••• 2,312

18,777 18,172

1

15,904 18,595 30,183 5,396 1,822 34,742 XIO

11,456 3,583

5,698 4,895 179

8,432 3,773

11,049 1,453

30,709 6,842

3,972,375 5,788,750 1,454,000 6.357,300

273,856 399,076 100,239 438.272

925,929 264,167 1,349,311 384,957 338,916 96,693

1.481.836 422,767

368,223 536,594 134,780 589,297

256,639 212,776 602,403 373,988 310,069 877,852 93,937 77,882 220,496 410,720 340,522 964,072

219,120 319,314 80,204

350,675

122,901 179,098 44,985

196,689

184,330 268,615 67,470 294,998

180,326 262,781 66,004

288,589

361,705 527,095 132,394 578,863

securities 17,572,425 1211,44] 4,095,992 1168,584 1628,894 1135,284 941,249 2664,823 969,313 543,673 815,413 797,700 1600,057

T°secu^itlesa~ 17,743,173 1224,200 4,166,519 1175,080 1647,067 1140,790 943,071 2699,565 972,896 548,747 819,186 799,153 1606,899

Due from foreign banks 33 2 l/ 10 3 3 2 1 5 1 1 ^ . . * , ^

uic;SecLfi?e^ r bank82,47l;^3 21^210 454^3 17^357 223I7I9 til'M 17M04 4n>54 132,'ll3 62,705 127I& 10M07 203)857

S S r ' U S S " 1 & 2 S 7:666 26:037 7^383 10:6% 7:386 6:0# 17:600 7:377 3:394 £kk0 4,998 10^99

TOTAL ASSETS 43,728,387 24l6,991 11,705,660 2713,882 3597,754 2493,167 2232,018 7554,685 1871,341 1129,843 1860,002 1620,188 4532,856

1/ After deducting $23,000 participations of other Federal Reserve Banks.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c)

L I A B I L IjT I E S Federal Reserve notes Deposits: Member bank-reserve acct. 15,970,695 U.S.Treasurer-general acct. 622,199 Foreign 882,603 Other 284,404

Total Boston 22,967,632 1377,897

673,518 63,028 55,213 3,210

STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 5, 1950 (in thousands of dollars)

New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. 5,217,467 1 6 0 7 , 0 2 9 2 C 1 6 , 7 2 C 1 5 2 7 , 2 6 6 1 2 8 2 , 1 8 0 4439,064 1 0 6 0 , 6 5 2 6 0 8 , 0 3 3 913,561

5,259,694 773,450 1166,124 655,719 98,997 55,849 62,359 43,951

1/281,373 70,112 79,753 43,820 217,866 1,602 5,022 4,222

696,993 2438,043 579,173 380,528 737,915 22,199 99,753 36,048 37,385 21,722 3 6 , 8 0 9 120,943 31,550 21,910 32,427

775 2,633 6,916 1,277 6,097

Dallas SacFran. 616,426 2301,331

803,263 1806,27; 30,868 50,04( 30,674 78,01<

Total deposits 17,759,901 794,969 5,857,930 901,013 1313,258 747,712 756,776 2661,372 653,687 441,100 798,161 865,949 1967,971

Deferred availability items 2,083,192 185,118 360,055 134,537 183,183 169,360 152,049 327,076 120,095 55,432 1 1 2 , 2 3 8 1 0 2 , 8 2 6 1 8 1 , 2 2 : Other liabilities including accrued dividends 12,822 929 3,410 702 1,479 664 549 2,098 4 9 8 575 463 500 955

TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS

Contingent liability on acceptances purchased for foreign correspondents

Commitments to make industrial loans

F.R. notes outstanding Collateral for F.R. notes held by F.R. Agents: Gold certificates Eligible paper U.S. Govt, securities

4 2 , 8 2 3 , 5 4 7 2358,913 1 1 , 4 3 8 , 8 6 2 2 6 4 3 , 2 8 1 3514,640 214,981 12,098 73,006 15,335 19,922 488,173 30,778 1 4 8 , 1 4 9 3 8 , 2 0 5 45,957 27,543 3 , 0 1 1 7,319 4 , 4 8 9 1 , 0 0 6

174,143 12,191 38,324 12,572 16,229

2445,002 9,423

23,779 3,349

l l ,6l4

2191,554 7429,610 1834,932 1105,140 8,619 27,323 7,132 4,873

2 1 , 1 9 4 7 2 , 0 2 9 1 9 , 1 1 8 1 2 , 4 9 4 7 6 2 1,429 521 1,073

9 , 8 8 9 2 4 , 2 9 4 9 , 6 3 8 6 , 2 6 3

1 8 2 4 , 4 2 3 1 5 8 5 , 7 0 1 7 , 6 7 4 8 , 8 8 0

1 8 , 0 4 5 15,873 1,137 1,307 8 , 7 2 3 8 , 4 2 7

4451,485 20,696 42,552 2,l4c

15,975

4 3 , 7 2 8 , 3 8 7 2416,991 1 1 , 7 0 5 , 6 6 0 2 7 1 3 , 8 8 2 3597,754 2493,167 2 2 3 2 , 0 1 8 7554,685 1 8 7 1 , 3 4 1 1129,843 1 8 6 0 , 0 0 2 1 6 2 0 , 1 8 8 4532,85^

7,729 487 2/2,427

23,

14,

1 0 ,

6 1 8

417

703

443

3 8 6 3 2 5 1 , 0 6 7

259

2 7 8 193 286 2 7 1 68E

121 1,243 - — s * __ 6 0 3 , 0 6 1 1416,948 5,345,855 1643,273 2 0 8 2 , 9 3 3 1575,235 1331,497 4512,362 1 0 9 9 , 3 0 8 6 1 7 , 9 8 3 937,173 646,124 2394,37C

049,000 82,846 750,000

4 4 0 , 0 0 0 4 , 6 7 0 , 0 0 0 7 5 0 , 0 0 0 1 0 0 0 , 0 0 0 6 7 0 , 0 0 0 6 7 5 , 0 0 0 2 7 5 0 , 0 0 0 4 0 0 , 0 0 0 1 0 , 2 5 0 5 6 , 8 4 0 1 , 0 0 0 — 3 , 1 0 6 — — 2 , 1 5 0

1 1 0 0 , 0 0 0 8 0 0 , 0 0 0 1 0 0 0 , 0 0 0 1 1 5 0 , 0 0 0 9 5 0 , 0 0 0 7 0 0 , 0 0 0 1 8 0 0 , 0 0 0 8 0 0 , 0 0 0

MATURITY DISTRIBUTION OF LOANS AND SECURITIES

Discounts and advances Industrial loans U.S. Govt, securities

Total 168,146 2,602

17,572,425

Within 15 days 124,771

61 503,843

l6 to 30 days 2,300

9 623,610

31 to 60 days 38,201

56 2,423,120

6l to 90 days 2,874

41 3,233,402

91 days to 6 months

9 6 6 1,814,500

6 months to 1 year

450 1,162,650

210,000 280,000 2 3,900 2,300

450,000 700,000 5

1 to 2 2 to 5 years years

292 727 786,600 2,656,900

3,30C 30 800,00C

Over 5 years

4,367,800 — " t - ' ' — -*• -

2/ After deducting $5,302,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis