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BOARD OF GOVERNORS OF THE ..FSBEPAL RESERVE SYSTEM
( R e l e a s e d J or P u b l i c a t i o n F r i d a y m o r n i n g , ^ p r i l 23,19^8)
BUli.l
A p r i l 2 2 , I9U8
CONDITION OF; M B FDDSRAL^RESSRVE BANKS
During the, week e n d e d . A p r H 21 member bank r e s e r v e b a l a n c e s decreased
$205*000,000* .Reductions i n member bank r e s e r v e s a r o s e from a decrease of
$16U,000,000 i n . H e s e r v e Bank c r e d i t arid I n c r e a s e s of $106,000,000 in T r e a s u r y
d e p o s i t s w i t h F e d e r a l Reserve Banks a&d $16,000,000 i n T r e a s u r y c a s h , o f f s e t i n
p a r t .by an i n c r e a s e of $7,000,000 in gold s t o c k and d e c r e a s e s of $$6,-000,000 i n
ih^ney, Ik c i r c u i a - t i o n &nd ,$18,000,000 i n nornnember d e p o s i t s and Qther F e d e r a l
Reserve accounts* Epvess:; r e s e r v e s of member banks on A p r i l 21 were e s t i m a t e d t o
be apprQximat€hly : $72b,000, , 060.*
Holdings of l o a n s , d i s c o u n t s and advances i n c r e a s e d $15,000,000 while h o l d ings of .United S t a t e s Government s e c u r i t i e s decreased $199,000,00,0* The d e c r e a s e
i n h o l d i n g s of\United S'ta't^s- Gk>vernmefat s e c u r i t i e s r e f l e c t s d e c r e a s e s of
$207,000,000 i n b i l l s and$SS,0O0,D00'in c e r t i f i c a t e s and i n c r e a s e s of
$89,000,000 i n bends and $7,000,000 in n o t e s .
Changes «in member bank r e s e r v e b a l a n c e s and r e l a t e d items d u r i n g t h e week
and the year ended A p r i l 21,1948,. were as f o l l o w s :
I n c r e a s e or d e c r e a s e
since
April 2 1 ,
19U8
A p r i l Ik,
I-9U8
April'23,
.*9h7
( I n m i l l i o n s of d o l i a r s )
U, S, Government s e c u r i t i e s
Loans, d i s c o u n t s and advance';s
Other Reserve Bank c r e d i t
20,39**
238
T o t a l Reserve Bank_credit
Gold s t o c k
Treasury currency
20,966
23,159
_
U,557
-
Mepiber bank r e s e r v e , b a l a n c e s
Money i n c i r c u l a t i o n
T r e a s u r y cash
T r e a s u r y d e p o s i t s with F«R* '.Banks
Nonmember d e p o s i t s -and o t h e r *F,R.accounts
I6,eii5
.
-
3 5 1 4 ;•••.
"27,718
1,336
1,283
1.501
+
+
+'
+
+
-
-i,B5
199
15
21
+
+
16U
7
l
-1,261+
+2,538
1
205
56
16
106
18
+1,02.5
- :,387
... ' "2
+ 801
- 163
96
76
STATEMENT- OF CONDITION
OF THE' TWELVE' FEDERAL RESERVE BAMS COMBINED
( I n thousands of d c i l l a r s )
h.U.i{^)
Increase or decrease
since
April 21,
19U8
>X
ASSETS
Gold c e r t i f i c a t e s
Redemption fund for F*R„ notes
Total gold c e r t i f i c a t e reserves-
4
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
Notes
Bonds
T o t a l U# S« Government
securities
T o t a l loans and s e c u r i t i e - s
Due from f o r e i g n 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
'
April 23,
191*7
- -
+2,598,993
'•*• 89,852
*2,509,iUl
+ ' 1*8,796
• + 92,193
3,31*6
+
r-
21,259,170
653,528
,21,892,698
^ 325,756
233,390
,
AoriJ ll*V
19^8;'
166
-, 166
-17,33-1
+12,130
+ 1,893
hM
;']
* -206,800 -\
- 88,100
+ 7,250
+ 88,586.
4,282.-, 151
i*,25i*,693
1,933,800
5,923,655
-6,775,960
-l.lill.025
+1,582,000
+5,170,265
<
' 20,39^, 2 99
20,632,073
95
110,883
2,869,558
' 32-, 737
1U7,933
-I99,06it "
.-1>U3U.720
-185,pl*l
-1,339,181
7
10,1*1*6
+ 6,777' ;! . •
-206,659 "'< + 523,628
+
606
3 , +
* 3,Uoo : + 105,31*2
<
.
.->
*
V/
U6,011,715
-399,017
F e d e r a l Reserve n o t e s
Deposits*
Member bank - 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 LIABILITIES
C A P I T A L
ACCOUNTS
23.666,U9l
' - 57/701*
16,8^5,323
1,282,982
U22.J475
: [188,68,7
19,039*1*6(7
2,535,69)8
-205,031
+105,956
- 26,007
+ 8,399'
-ii6,-'683'
-227,1*57
+1,025,580
.+ 801,311*
- 136,289
+ 26,892
+1,717,1*97
+ 1*1*8,139
16/736
1*5,258,392
- . 836
-U 02,680
1,1*65
+1,808,731
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 i j b )
Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
R a t i o 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# note
l i a b i l i t i e s combined
Contingent l i a b i l i t y on b i l l s p u r c h a s e d
for f o r e i g n c o r r e s p o n d e n t s
Commitments t o make i n d u s t r i a l loafts
197,962
1*1*8,I89
27,51*3
79,629
k6, o i l , 715
+
•:+
-6,778
•+
8,366
+
88
+ 3U.808
+1,858,771
TOTAL ASSETS;
+1.858,771
L I A B I L I T I E S
51.2$
5>517
7,725
121
- - /
- + 3,51*2
-399.017
7
358,370
• 2fo
7°
69
19
l*,l*8i*
371*
H.lwl(b)
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 2 1 , I9I48
( I n t h o u s a n d s of d o l l a r s )
A S S E T S
Gold c e r t i f i c a t e s
Redemption fund f o r
F . H. nrotes
Total gold certificate
reserves
Total
Boston
21,259,170
822,028
633,528
55,321*
21,892,698
877,352
325,756
233,390
i*,38l*
39,058
21,579
Other cash
Discounts and advances
Industrial loans
0. S. Govt, securities?
Bills
Certificates
Notes
Bonds
8,282,151 556,759
1*,25I*,693 286,017
1,933,800 129,998
5,923,655 398,212
Total U.S. Government
securities
20,39^,299 1370,986
-New York,
Phila*
Cleve%
Rich*
Atlanta
Chicago St.Louis
6,6ii8,Up!t loU8,6glt 1395.788 1020,1*1^ 1057,100 U2ao,$07
69,9*4*
58,276^
73,926
55,1*75
36,709
103,023
18,1*61*
18,623
1*75
32,288
27,113
215
1,985,911 591,59k 79it.010
1,020,199 303,913 107,898
1*63,690 138,131 185,393
1,^20,386 1*23,127 567,901
20,197
12,918
1*6
23,983
1.1,603
3,61*8
59ii,900
437,283
1*6.116
32,639
1*1*,867
31* .-1*78
537,876 1*15,209 1176,791*
276,316 213,301 60l*,5i*l
125,589
96,9^7 271,770
381*,706 296,970,81*1,680
*
X
r
•
•
' -
8*335
3,800
505,6602756,220
,35,H*3 . 25,699
1*9,251*
531,359 2805,klh
1*2,182
13„17l*
1*57,283 253,508 386,039 375,339
23I*,911* 130,232 198,316 192,818
106,771
59,192
90,136
87,638
327,063 181,317 276,107 268,1*51*
751,829
386,228
175,51*5
537,732
62^,21.9
10,1*08
H*, 083
950,598
921*,21*9 1851,331*
i r
Total loans and
securities""™
20,632,073 1392,565 li,9U7.7l5 11*75,863 1982,530 1337,1*51 1037,676 2932,263 1137,689 628,01*9 96U/68I
Due from foreign banks
6
1/31
8
., 9.
.5
k
13
3
2
3
. 95
F.R.notes of other banks
5,021
17,025
i*,8l*6 . 6,^18
15,096
ll*,298. -. 13,7656,976
1*,296
1*,690
110,833
Uncollected items
2,869,538 229,109
602.^76$. 199,62a 280,.9l*3 221,535 193,196 1*29,051 116,923 ^3,-659 H*6,683
Bank premises
2,1*33
32,737
1,227. 6 '••8,186
3,11*5
U,896
2,617
l,5l*9
3,0i*2
1,962
1,201
Other assets
9,978'
31*,630
10,307
ll*,l*Q2
9,867
7,1*27!- 21,071
8,1*26
6,088
11*7,935
1*,651
TOTAL ASSETS
Dallas SanFran.
10,71*3
6,832
13,859
11,658
l*,S90,a86 11*56,765 1955,202 132l*,l*fi? 1922,427 2897,785; 1126,031
*
761,772
61*1,016 1*59*:922 ^796,915
6,718,31+8 1106,970 lii69,7lii 1075,889 1095,809 14313,930
61,371*
57,529
Minn. Kans.Cy.
931,081 1861*, 508
8
3
Hi, 515
i*,037
133,313 252,71*1
785
6,61*7
l,69l*
13,&*1
1*6,011,715 255l*,3i6.12,390,071* 2819,223 3791,100 2682,657 2 3 7 3 , 9 ^ 7758,002 1926,85!* H 7 0 , H 3 1932,701 1617,968 1*99^,763
l / A f t e r deducting $61*,000 p a r t i c i p a t i o n s of other F-ederal Reserve Banks.
Hj+.l(c)
L I AB I L I T I ES
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 21, 191*8
(In thousands of dollars)
New York
Phila.
Cleve.
Rich. Atlanta Chicago St,Louis
Total
Boston
Minn. Kans.Cy.
25,666,1*91 11+27,878 5,1+26.697.1,619,256 2059,769 1618,198 1515,661: 1*515,1*03 lo8l*,276 610,166 917,593
F e d e r a l Reserve notes*
Deposits:
Member b a n k - r e s e r v e a c c t . 16,81*5,323 70.1,852
U . S . T r e a s u r e r - g e n e r a l a c c t . 1 , 2 8 2 , 9 8 2 156,-588
Foreign
1+22,1*75
2,5,-1,77
Other
£83,687
1,856
Total deposits
19,059,1+67 865,77>5
Deferred a v a i l a b i l i t y i t e m s 2 , 5 5 5 , 6 9 8 2ii;i*29
Other l i a b i l i t i e s i n c l u d i n g
accrued dividends
16,736:;
'985
TOTAL LIABILITIES
li5,?58,592 2506,065
Capital paid in
197,962
11,507
Surplus (Section 7)
1*1*8,189
28,117
r
Surplus (Section 13b)
5,011
r 27,5ii3
Other capital accounts
5,816
::79,629
TOTAL LIABILITIES AND :i ....
CAPITAL'ACCOUNTS
; £ 6 , p i i , 7 i 5 . 2551*^316
Contingent l i a b i l i t y on bilJLs purchased
for f o r e i g n c o r r e s p o n d e n t ^
~ 5,517
221
Commitments t o make i n d u s t r i a l
loans
v
7,725 •
75
;
F.R. n o t e s . o u t s t a n d i n g
2i+,J*65,l+6o 11+27,878
C o l l a t e r a l fori'F.R. n o t e s
held by F . R . A g e n t s :
Gold c e r t i f i c a t e s
,'13,209,000 .1+60,000
E l i g i b l e paper
i
50,035
12,255
U.S.Govt, s e c u r i t i e s
1 2 , 7 5 0 , 0 0 0 1100,000
Discounts and advances
Industrial loans
U.S».Govt, securities'
Total
255,590
i+,381*
20,59k, 2-99
5,1*22,529
T 25I+,89I+'
l M 609
~ 1+17,1+08
6,21*5,21*0
- 1*85,268
l+,2i*5
D a l l a s SanFran.
589,057 21*81*, 55U
811|,910 1250,118 711,506 71*6,1*60 21*86,161* 616,581 l*17,jl3 79**,977 819,1*1+2 2065,871
66,960 218,655
66,616 : ;-52,715
118,651* 118,528
80,966
1+2,291
1*9,006
77,11*9
16,555: 5i+,8l*9
11*, 519 ;•• ;-ro,o85 ii+,115
52,667
57,101*
19,762
15,21+6
55,509
2,259
2,696
6,203
:- 1,511*
5,61*2
6,829
5,605
1,562
578
56,757
;
1*81,825 857,025 882,072 2215,266
967,773 11+12,579 817,637 832,211+2762,51*1* 705,719 .
57,553 129,056 118,780 228,1+95
170*715 21+7,1*51+ 207,226 l9l+,937 575,1+06 109,1+19;
1,067
1,817
929
76I
2,795
730
5ia
656
768
1,1*1*2
12,159,1*50 2753,811 3721,619 261*3,990 251+1,576 7655.91*8 1898,1.1*1* 1150,065 I90l*,510 1590,657 1+927,757
7,612
69,126
8,1*36
7,722,
21*, 086
6,500
1+.360
18,550
6,771
lit, 51+5
18,9U9
55,350
16,11*8
19,110
66,217
21,210
16,972
58,952
l
l
*
,
l
l
l
138,596
1*2,173
11,255
1,1*29
762
2,11+0
1,006
521
1+.1+89
1,075
1,137
1,507
7,319
3,51*9
10,522
5,672
6/050
7,561+
i*,717
7,355
1+.335
3.382
1*,281
U, 77k
15,583
12,390,07!*' 2819^223 3791,100 2682,,657 >575,9W* 7758,002 1926,851+ 1170,113 1932,701 1617,968 l*99l*,765
1/1,125
285
52;
172
11*1*
1*78
127
127
16
580
1,396
1,310
31*1
5,662,619 l66l-,570 211*8,192 1685,31+5 1566,529 1+591*, 782 1126,878
88
125
3,750
655,091 9k3,l*13
122
309
130
618,271* ?596,889
l*,l*70,ooo 5^0,000 735,ooo 625,000' 675,000 2650,000 515,000 200,000 280,000 169,000 2100,000
100
8,880
150
5,566
- - 6,550
10,119
'6,635
- 1*50,000
700,000
500,000
1000,000
1,500,000 1200,000 1500,000 1100,000 750,000 2000,000 950,000
MATURITY PISTRIBUTION OF .LOANS AND SECURITIES
1 to 2
2 to 5
Over
Tiithin
6 months
16 t o
91-days t o
51 t o
61 t o
years
5 years
years
15 days
1
year"
t
o
90
days
60
days
,
6
months
50 days
."-• 2£,617
132* ,585
376
77,71+2
51+
16,238
"ll
21
1*,170
r 21
1+
157
' 19
1
,
0
1
+
0
,
8
5
0
,579,71*0
5,1*15,01*9
1,21*1,056
5,1*13,01*9
5,083,01*6
2,251,917
5081,985
722.656
l / A f t e r , d e d u c t i n g $2?!*, 21*1*, 000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks.
2~/ A f t e r d e d u c t i n g
$ 2 , 3 9 2 , 0 0 0 p a r t i c i p a t i b n s of o t h e r F e d e r a l Res-erve Banks.
@FedFRASER