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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
April 21, 19k9
(For Immediate Release)
H.U.l
CONDITION OF THE FEDERAL RESERVE
BANKS
During the week ended April 20 member bank reserve balances increased
$71>000,000. Additions to member bank reserves resulted from decreases of
$99*000,000 in money in circulation and $16,000,000 in nonmember deposits and
other Federal Reserve accounts and an increase of $3#000,000 in gold stock, offset
in part by increases of $26,000,000 in Treasury deposits with Federal Reserve Banks
and $15,000,000 in Treasury cash and decreases of $6,000,000 in Reserve Bank credit
and $3*000,000 in Treasury currency* Excess reserves of member banks on. April 20
were estimated to be approximately $880,000,000.
Holdings of loans, discounts and advances increased $221,000,000, while
holdings of United States Government securities decreased $203,000,000. The
decrease in holdings of United States Government securities reflects decreases of
$153.,000,000 in bills and $7^,000,000 in bonds and an-increase of $25,000,000 in
certificates*
Changes in member bank reserve balances and related items during the
week and the year ended April 20, 19^9 were as follows:
Increase or decrease
since
April 20,
April 13,
I9k9
I9k9
April 21,
l9hQ
(In millions of dollars)
U. S« Government securities
Loans, discounts and advances
Other Reserve Bank credit
21,288
Total Reserve Bank credit
Gold stock
Treasury currency
22,050
2!+,521+
Member bank reserve balances
Money in circulation
Treasury cash
Treasury deposits with F. R« Banks
Nonmember deposits and other F.. R. accounts
19,398
27,2*08
1,333
1,0524.
1,772
k5k
J08
h,539
-203
+221
- 21+
+
+
-
- 6
+ 3
- 3
+ 1 ,081+
+ 1 ,165
+
+
+
-
+2 ,553
- 310
3
- 229
+ 271
71
99
15
26
16
+
891+
216
26
32
H.l*.l(a)
STATEJ-ERT OF CONDITION
OP THE TWELVE FEDERAL RESERVE BAMS COMBINED
( i n thousands of d o l l a r s )
I n c r e a s e or decrease
since
Apr. 13,
191+9
Apr. 2 1 ,
,19148
22,1+61+, 1+32
608,299
2 3", 072,7 31
28^,808
1*53,195
717
1,995
_ L _ _ 9J8
1,017
- 8,559
+221,256
51
+1,205,262
Z
25,229
+1,180,033"
iti,9ia
+ 219,805
3,667
5*002,379
6,911,979
381,600
8,989,100
-153.1*92
+ 25,000
-3,279,772
+2,6^,286
-1,51*9,200
Apr. 20,
19U9
ASSETS
Gold c e r t i f i c a t e s
Redemption fund f o r F . R. n o t e s
T o t a l gold c e r t i f i c a t e r e s e r v e s
Other cash
Discounts and advances
I n d u s t r i a l loans
U. S . Govt, s e c u r i t i e s :
Bills
Certificates
13 ote s
Bonds
Total U. S . Government
securities
T o t a l loans and s e c u r i t i e s
Due from foreign banks
F . R. n o t e s of o t h e r banks
U n c o l l e c t e d items
Bank premises
Other a s s e t s
TOTAL ASSETS
L I A B I L I T I E S
Federal Reserve n o t e s
Deposits:
Member b a n k - r e s e r v e account
U . S . T r e a s u r e r - g e n e r a l account
Foreign
Other
Total deposits
Deferred a v a i l a b i l i t y items
Other l i a b i l i t i e s i n c l u d i n g accrued
dividends
TOTAL IIABILITIES
C A P I T A L
ACCOUNTS
C a p i t a l paid i n
Surplus ( S e c t i o n 7 )
Surplus ( S e c t i o n 13b)
Other c a p i t a l accounts
TOTAL LIABILITIES MD CAHTAL ACCOUNTS
Ratio of gold c e r t i f i c a t e r e s e r v e s
t o d e p o s i t and F . R. n o t e
l i a b i l i t i e s combined
Contingent l i a b i l i t y on a c c e p t a n c e s purchased
for f o r e i g n correspondents
Commitments t o make i n d u s t r i a l loans
- 7l*.i»D0
+5,665,10*5
21,288,058
-202,892
+
2l,7la,970
i*9
115,931
2,938,21+5
32,158
165,618
+ 18,313
+__1*!936
+1,109,897
1*6
+
5,01*8
+
68,707
579
+
17,683
.'{8,350,510
+153,261+
+2,3*8,795
23,298,775
- 83,1*91
-
19,397,566
1,053,726
599,65 3
+2,552,21+3
- 229,256
+ 177,208
2,630,720
+ 70,590
+ 25,1+18
+ 5,831
- 21,620
+ 80,219
+151.1*95
+2,505,91*1
+
95,022
12*805..
1+7,1*88,708
585
+11+7,638
,r_ JL221.
v.
+2,2*0,316
20L.279
1*66,711
27,51+3
JL6li262_
"1,8,350,510
37
„J91±4L31
51.5f»
5,517
2,722
+ 12.1*1*9
+127,11x2
3*32
+153,261+
,1%
3l*5
27
893,759
367,716
+
+
6,317
18,522
83.61+0
+2,338,795
.2%
2,000
5,003
H.4.1(b)
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 20, 1949
(In thousands of dollars)
ASSETS
Total
Gold certificates
Redemption fund for
F. R. notes
22,464,432
Boston
New York
Phila.
Cleve.
777,154 7,287,670 1096,670 1562,695
608,299
52,631
Total gold certificate
reserves
23,072,751
829,785
49.047
57,805
75,577
Rich. Atlanta
982,173
55,455
Chicago St.Louis
972,311 4396,030
45,090
104,477
7,556,717 1154,475 1636,272 1035,606 1015,401 4500,507
Other cash
283,808
26,828
60,138
13,725
Discounts and advances
453,195
21,356
230,763
26,861
Industrial loans
717
675
U. S. Govt, securities:
Bills
5,002,579 545,104 1,185,514 54o,752
Certificates
6,911,979 476,844 1,658,070 470,851
Notes
584,600
26,555
91,146
26,198
Bonds
8,989,100 620,140 2,150,527 612,519
25,012
50,226
—-
18,845
13,992
44
23,061
8,795
59,885
31.116
Minn. Kans.Cy.
679,245 436,263
44,246
22,871
817,216
35,754
723,491 459,134 852,950
15,120
11,275
8,535
13.252
9,886
19,222
"—
461,574 521,153 268,192 746,440 270,559 161,942 241,955
637,499 443,728 370,572 1031,584 575,557 225,761 554,519
35,472
24,690
20,620
57,389
20,784
12,451
18,602
829,074 577,075 481,933 1541,527 485,739 291,004 454,785
Dallas SanFran*
637,822 2819,183
26,260
45,128
664,082 2864,311
10,661
7,205
34.114
18,654
216,578 445,251
298,978 612,456
16,636
34,079
588,825 796,506
Total U.S.Government
securities
21,288,058 1468,621
5,o45,057 1450,100 1965,419 1566,629 1141,517 5176,540 1150,449
639,153 1029,661
920,815 1886,292
Total loans and
securities
21,741,970 1490,477
5,275,820 1477,654 2015,645 1580,665 1150,112 5207,656 1161,724 702,410 1048,835
928,018 1904,926
Due from foreign banks
49
5
F.R.notes of other banks 115,951
Uncollected items
2,933,245
Bank premises
52,158
other assets
165,618
4,651
230,931
1,171
11,675
TOTAL A S S E T S
l/ 16
4
15,596
5,271
549,210 226,292
8,024
5,036
58,284
11,077
7
2
1
6,556
2l,56o
16,512
14,669
275,388 244,095 207,190 472,788
4,820
2,555
1,555
5,185
15,479
10,650
8,831
24,667
4
2
2
6,664
123,816
1,950
9,456
3,675
74,557
1,169
5,568
2
2
4
4,584
4,975
13,638
154,459 150,649 249,040
2,562
746
1,625
7,815
7,224 15,116
48,550,510 2595,569 13,281,305 2891,514 3977,156 2713.758 2422,464 8265,564 2040,205 1254,627 2080,959 1746,557 5082,774
l/ After deducting $55,000 participations of other Federal Reserve Banks..
H.U.l(c)
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 2 0 , I9U9
( I n thousands of d o l l a r s )
New York
Phila.
Cleve.
Rich. A t l a n t a Chicago S t . L o u i s
Minn, Kans.C y ,
5,516,1*89 1607,896 2085,61+6 1550,928 1285,61*5 1*1*96,651* 1090,785 615,1*09 915,222*
L I A B I L I T I E S
Total
D a l l a s SanFran.
Boston
F e d e r a l Reserve notes
2 5 , 2 9 8 , 7 7 5 1588,928
592,986 2556,207
Deposits*
Member b a n k - r e s e r v e a c c t , 19,597,566 80li,596 6,1*59,1*1*6 906,515 11*07,360 801,889 851,719 2971*, 782 699,085 1*76,020 896,871 903,258 2256,229
U.S_,Treasurer-general a c c t , 1,055,726
85,71*5
72,281
70,217
165,819
81,279
8 b , 138
59,1*98
68,007
56,955
65,527
1*2,961 205,299
Foreign
599,685
20,766
52,877
57,578 1 / 195,791
21,559
11*,855
21,559
1*7,1*61*
51*,581*
29,072
2i*,525
81,875
°tt»r
1*91*, 1*55
55,781*
5,181
L52
l*,7l*7
1,889
9,080
1*28,150
1,556
6,101*
2,61*5
1,055
1,811*
Total deposits
21,51*5,1*08 917,156 7,225,206 1056,612 1552,186 893,102 900,058 5261,770 793,196 51*9,697 992,857 99l*,675 21*28,655
Deferred a v a i l a b i l i t y items 2 , 6 5 0 , 7 2 0 252,81*9
1*80,71*5 178,250 260,522 225,51*8 200,002 58l*,ll*6 121,299
65,61*1* .158,686 125,828
219,1*21
Other l i a b i l i t i e s i n c l u d i n g
accrued dividends
15,805
1,111
3,1*72
851
606
1,220
61*5
2,198
1*1*2
556
51*0
1,1*55
751
TOTAL LIABILITIES
1*7,1*88,708 251*0,521* 15,025,912 2825,569 5897,809 2668,109 258l*,5l*6 8ll*l*,7l*8 2005,856 1251,192 2oU7,287 1711*,093 5005,1*85
C a p i t a l paid i n
2ol*,279
11,1*51+
69,676
11*, 875
19,217
8,910
8,055
25,831*
1*,530
6,759
19,639
7,191
8,159
Surplus ( S e c t i o n 7 )
1*66,711
29,31*7
11*3,019
36,701*
1*3,968
22,1*17
20,028
68,81*2
17,008
17,971*
11,797
11*,951*
1*0,653
Surplus ( S e c t i o n 15b)
1*,!*89
1,006
5,51*9
762
1,1*29
27,51*5
5,011
7,519
521
1,075
2,11*0
1,157
1,307
Other c a p i t a l a c c o u n t s
165,269
11,1*55
55,879
11,877
15,156
10,955
9,275
22,511
8,516
7,861*
9,113
6,055
H*,859
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
1*8,350,510 2595,569 13,281,805 2891,511* 5977,156 2715,758 21*22,1*61* 8265,561* 2ol*0,2o5 1251*,627 2080,959 171*6,357 5082,771*
Contingent l i a b i l i t y on
acceptances purchased
for foreign correspondents
508
5,517
3i*S
2 / 1,71*5
270
226
761
199
1*1*1
158
195
199
1*91
Commitments t o make i n d u s t r i a l
loans
2,722
76
2,189
lH*
21*1*
9
90
F.R. n o t e s o u t s t a n d i n g
2!*,087ll*79 11*37,1*98 5,1*80,121 1667,805 2162,260 I6ll*,715 131*2,876 1*581*,721* 1151,082 650,598 91*1,786 622,128 21*71,886
C o l l a t e r a l for F.R, n o t e s
held by F.R.Agentss
Gold c e r t i f i c a t e s
1 5 , 2 9 9 , 0 0 0 1*1*0,000 1*,670,000 550,000 71*5,000 625,000 575,000 2605,000 515,000 210,000 2 8 0 , 0 0 0 181*,000 2100,000
E l i g i b l e paper
12,275
182,607
ll*, 695
—
6,21*0
5,800
21+9,911*
9,1*50
13,71*7
5,100
U.S.Govt, s e c u r i t i e s
1 2 , 0 7 5 , 0 0 0 1100,000 1,000,000 1200,000 1500,000 1025,000 850,000 2000,000 950,000 1*50,000 700,000 5-00,000
800,000
M&TURITY DISTRIBUTION OF LOANS AND SECURITIES
1 to 2
Over
2 to 5
6 months
61 t o
16 t o
91 days t o
Within
51 t o
years
5
years
y
e
a
r
s
t o 1 year
Total
90 days
6 months
50 'days
15 days
60 days
Discounts and advances
501,61*2
1*
16
1*55,195
11*3,221
2,655
5,657
I n d u s t r i a l loans
61*5
717
1*8
7
15
1*
U.S.Govt, s e c u r i t i e s
902,521
8&*,578
2,91*0,815
5,876,51*6
1,705,700
2,115,500
—
1,955,100 6,951,700
21,288,058
1/ After deducting $1*05,817,000 participations of other Federal Reserve Bankt>»
2 / After deducting
$5,77l*,00O participations of other Federal Reserve Banks.
@FedFRASER