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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.l+.l (For Immediate R e l e a s e ) A p r i l 2 8 , 19U9 CONDITION OF THE FEDERAL RESERVE BAMS During the week ended A p r i l 27 member bank r e s e r v e b a l a n c e s decreased $378*000,000* Reductions i n member bank r e s e r v e s r e s u l t e d from a decrease of $3^5*000,000 i n Reserve Bank c r e d i t and an i n c r e a s e of $92,000,000 i n Treasuryd e p o s i t s w i t h F e d e r a l Reserve Banks, o f f s e t i n p a r t by decreases of $52,000,000 i n money i n c i r c u l a t i o n and $3*000,000 i n Treasury cash, and i n c r e a s e s of $5,000,000 i n gold s t o c k and $3*000,000 i n Treasury c u r r e n c y . Excess r e s e r v e s of member banks on A p r i l 27 were e s t i m a t e d t o be approximately $14.80,000,000. Holdings of l o a n s , discounts and advances decreased $187*000,000 and of United S t a t e s Government s e c u r i t i e s $ 8 0 , 0 0 0 , 0 0 0 . The decrease i n h o l d i n g s of United S t a t e s Government s e c u r i t i e s r e f l e c t s decreases of $8l|.,000,000 i n bonds and $25,000,000 i n b i l l s and an i n c r e a s e of $29,000,000 i n c e r t i f i c a t e s . Changes i n 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 during the week and the y e a r ended A p r i l 2 7 , 19U9 were as f o l l o w s : Increase or decrease since April 27, 19l;9 April 20, 191+9 April 28, __j?jj6 (in millions of d o l l a r s ) U» Sw Government s e c u r i t i e s Loans, d i s c o u n t s and advances 0ihe.v Reserve Bank c r e d i t 21,208 267 230 - 80 -187 - 78 + 768 + 6 21 Tot-iu Reserve Bank c r e d i t 'i'rc- a vary currency 21,705 214,329 i+,592 -3U5 + 5 + 3 + 753 +1,162 + 31 M rJjur bank r e s e r v e b a l a n c e s M^T.ej i n c i r c u l a t i o n Treasury cash Treasury d e p o s i t s w i t h F . R. Banks Nonmember d e p o s i t s and o t h e r F . R. accounts 19,020 27,356 1,330 1,1/46 1,772 -378 - 52 - 3 + 92 +1,977 - 326 • k 39 + 329 H.l+.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COKBINED ( i n thousands of d o l l a r s ) I n c r e a s e o r decrease since 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 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 TOTAL ASSETS L I A B I LI T I E S F e d e r a l 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 Forei gn 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 a c c r u e d dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in 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 a c c o u n t s TOTAL LIABILITIES AND CAPITAL 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 foreign 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 l o a n s Apr. 2 7 , 191+9 Apr. 20, , 191+9 2 2 , 1 M , 1+33 608,282 23~,092m5 286,269 265,970 695 • 20,001 1+, 977,222 6,91+0,979 _r 11 + 19; 981+ + 2iU6l -187 i 225 22 Apr. 2 8 , 191+8 +1,205,263 22,11^ +1,183,150 37,1+03 7,21+5 + 1,1+51 - 25,157 + 29,000 -3,162,979 +2,631,1+36 -1,571,100 8,905,300 - 8 3,800 +2,820,833 21,208,101 - 79,957 + 768,190 ~ 2 i , 1+7 h, 7 66 -267,201+ + ? , 1)81 170,78 5 + !+,0ll+ -559,161 323 + + 5,167 + + 773,981+ 1+5 9,ll|6 133,100 208 16,143 1+7,556,091+ -79l+,la6 +1,811,937 23,265,3^0 - 33,1+35 - 19,020,161 1,11+6. li.39 505,112 21"; 259,1+20 2,11)8,801 -377,1+05 + 92,713 - 11,975 + 10,679 -285,988 -1+81,919 +1,976,867 38,907 + 200,91+2 + 35.81x2 +2,17l+,7U+ - 112,289 15,130 1+6,688,71+1 + 1,375 -799,967 2,273, +1,701,1+67 20l+, 33l+ 1+66,711 27,5^3 163,76 55 6,31+1+ 18,522 Jt_4ili26 85,6ol+ +1,811,937 53 2,080 5,201 38 1+, 600 1+9 119,91+5 2,379,081+ 587,708 T7,556,09 353,715 51.97? 5,1x61+ 2,525 197 H.4a(b) STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BAKES ON APRIL 2 7 , 1949 (In thousands of d o l l a r s ) ASSETS Total Boston 22,484,433 771,654 608,282 52,651 reserves 25,092,715 824,285 Other cash 286,269 28,2?7 57,886 14,513 24,654 19,21+9 22,829 40,527 14,670 8,466 10,191 11,584 55»6l8 Discounts and advances 265,970 I n d u s t r i a l loans 695 U. S. Govt, s e c u r i t i e s : Bills 4,977,222 18,826 —- 69,051 20,056 657 28,549 23,552 58 11,195 25,511 ll+,525 6,792 14.572 9,046 24,555 51+5,568 1,179,552 559,058 459,054 519,525 266,81+4 742,686 268,979 161,123 240,758 215,290 1+41,022 478,844 26,533 614.56Q 1,644,945 472,806 91,146 26,198 2,110,46? 606,611 640,174 1+45,590 572,126 1055,715 35,472 24,690 20,620 57,389 821,5lt4 571,694 477,1+40 1323,821 575,105 20,784 481,260 224,699 535,722 12,451 13,602 238,292 430,752 300,231 16,636 585,199 615,026 54,079 789,080 21,208,101 1463,105 5,026,108 11+1*4,655 1956,014+ 1561,497 1157,030 3164,609 1146,123 686,570 1025,794 917,356 1879,207 21,474,766 1431,951 5,095,159 1465,31+6 1984,593 1585,087 1148,225 3190,120 1160,453 693,362 1040,3-66 926,402 1905,71+2 Gold c e r t i f i c a t e s New York Phila. Cleve. 7,252,995 1110,43k 1574,220 Rich. Atlanta Chicago St^Louis 963,074 1014,412 4379,057 Minn, Kans.Cy. 675,834 465,073 822,994 D a l l a s SanFran, 646,595 2808,091 Redemption fund f o r P. R . notes Total gold 1+9,047 57,805 75,577 55,1+35 1+5,091 104,464 44,246 7,302,042 1168,239 1647,797 1016,507 1057,503 1+485,521 720,030 22,871 35,751+ 26,254 45,129 certificate Certificates Botes Bonds 6,940,979 384,600 8.905,300 487,91+4 855,728 672,849 2855,220 T o t a l &..S. government securities T o t a l loans and securities 49 5 l / 16 4 4 2 2 7 2 1 2 2 4 F^R.notes of other banks 119,945 Uncollected items 2,579,084 Bank premises 32,481 Due from f o r e i g n banks 5,751 183,888 l,l66 15,311 458,678 8,024 4,811 165,598 3,051 6,950 229,632 4,811 25,555 207,614 2,528 ll,72l+ 176,825 1,552 16,469 551,519 5,185 7,603 109,515 1,929 5,552 58,992 1,167 6,274 159,980 2,362 l+,3l+8 110,493 746 15,559 201,550 1,980 11,977 39,397 11,554 15,957 10,992 9,105 25,551+ 9,702 5,459 8,101 7,1*10 15,517 other a s s e t s TOTAL ASSETS 170,735 47,556,094 2542,258 12,955,1+95 2852,701 5914,578 2665,312 2427,765 8110,882 2023,751+ 1258,743 2066,004 1735,834 5024,970 l/ A f t e r d e d u c t i n g $35,000 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,. HJuKc) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 2 7 , I9U9 ( I n thousands of d o l l a r s ) Minn, Kans.Cy. New York Phila, Cleve. R i c h . A t l a n t a Chicago S t . L o u i s 5,507,259 1609,259 2086,967 15li9,38l* 1283,890 1*1*93,653 108l*,888 6114,235 9H»536 L I A B I LIT IBS Total Boston F e d e r a l Reserve n o t e s 23,265,31*0 1380,972 Deposits: Member b a n k - r e s e r v e a c c t . 1 9 , 0 2 0 , 1 6 1 813,150 6,191,536 U . S . T r e a s u r e r - g e n e r a l a c c t . 1,11*6,1*39 78,193 192,661 F °reign 587,708 36,282 1 / 195,712 °ther 505,112 1,251 1*1*1,259 Total deposits 21,259,1*20 Deferred a v a i l a b i l i t y items 2,11*8,801 Other l i a b i l i t i e s i n c l u d i n g accrued dividends15,180 TOTAL LIABILITIES 1*6,688,7141 Capital paid in 20l*,33l4 Surplus (Section 7) 1*66,711 Surplus ( S e c t i o n 13b) 27,5143 Other c a p i t a l accounts 168,765 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*7,556,091* Contingent l i a b i l i t y on a c c e p t a n c e s purchased for foreign correspondents 5,1*61* Commitments t o make i n d u s t r i a l l°ans 2,525 i'.fi. n o t e s o u t s t a n d i n g 214,050,767 C o l l a t e r a l f o r F.R. n o t e s h e l d by F.R.Agents j Gold c e r t i f i c a t e s 13,299,000 E l i g i b l e paper 78,1477 U.S. Govt, s e c u r i t i e s 12,075,000 1 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 Total 2637970 695 21,208,101 Dallas 591,325 SanFran, 2351,972 1461,581* 88,593 ll*,398 1,819 876,288 9l*,l26 20,752 8,1*12 888,1*16 93,321* 20,157 968 2266,1*1© 67,872 51,335 32,957 566,19!* 514,225 999» 558 1002,865 120,585 106,1*61 21*18,5714 175,563 61*8 1*62 611* 608 717 2,278 1,518 14,577 873 771 21486,709 12,698,309 2761*,366 58314,501* 2619,320 2589,550 7991,1*38 1989,082 1255,1114 2052,095 1701,299 1,21*8 928,836 176,055 890,678 1379, lU* 72,995 86,992 1*6,072 52,985 1,527 6,572 7 . 0 1 9 , 1 6 8 1011,272 1525,691 567,505 11*2,962 220,528 781*, 31*5 81*2,715 2950,61*2 695,275 70,208 160,1*55 78,U65 62,757 25,612 79,1*71* 20,732 28,219 560 5,501 1*,596 1,710 877,029 937,095 31714,070 799,068 192,156 167,61*8 521,1*37 101*, 518 866 11,1455 29,3147 5,011 11,736 8,167 ll*»95li 1.307 8,107 19,61*2 140,653 2,1140 15,578 25142,258 12,955,1*95 2852,701 59114,578 2665,512 21427,765 8110,882 2025,751* 1258,7145 2066,0014 1753,8314 502*4,970 3I4I4 60 ou 11*39,265 69,682 1143,019 7,519 37,1614 li*,877 36,701* 14,1489 12,265 19,218 1*3,968 1,006 15,682 8,912 22,1*17 5,51*9 11,511* 8,055 20,028 762 9,570 25,81*1 68,81*2 1,1429 25,552 6,760 17,97l4 521 9,1*17 l*,55k 11,797 1,075 6,225 7,191 17,008 1,137 8,575 1*91*7,157 197 136 197 191 1*86 — 69 1,933 120 21*1* 9 5,1468,986 1658,999 21614,080 1608,611 131*3,565 1*582,509 112l*,017 — 629,288 — 9^*0,0*47 621,537 90 21469,865 2 / 1,727 1*57 505 268 22I4 751* l*,670,ooo 550,000 7l*5,ooo 625,000 575,000 2605,000 315,000 210,000 280,000 18l4,<000 2100,000 11,000 9,097 13,325 7,870 — 16,100 — — 8,850 2,990 800,000 500,000 700,000 1,000,000 1200,000 1500,000 1025,000 850,000 2000,000 950,000 1450,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Over 1 to 2 6 months 16 t o 2 to 5 Within 61 t o 91 days t o 51 t o 5 years y e a r s years 15 days t o 1 year 50 days 90 days 6 months 60 days 1114,051 15 55,805 3,227 914,868 627 1*2 7 15 1,935,10° 6,867,900 1,038,572 2,118,500 952,928 2,878,1*95 5,722,108 1,7114,700 j / A f t e r d e d u c t i n g $593,916,000 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 8,.nks 2J/ A f t e r d e d u c t i n g $3,737,000 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 LarJcc. 1*1*0,000 9,21*5 1100,000
@FedFRASER