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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H«i+.l (For Immediate R e l e a s e ) A p r i l 7> 19M9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended A p r i l 6 member bank r e s e r v e b a l a n c e s i n c r e a s e d >292,000,000. A d d i t i o n s to member bank r e s e r v e s r e s u l t e d from d e c r e a s e s of )562,000,000 i n Treasury d e p o s i t s with F e d e r a l Reserve Banks and $ 1 , 0 0 0 , 0 0 0 i n nonmember d e p o s i t s and o t h e r F e d e r a l Reserve accounts and an i n c r e a s e of l ;6,000,000 i n gold s t o c k , o f f s e t i n p a r t by i n c r e a s e s of t i l l , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n and '9,000,000 i n Treasury cash and a d e c r e a s e of ^235,000,000 i n Reserve Bank c r e d i t * Excess r e s e r v e s of member banks on A p r i l 6 were e s t i m a t e d t o be approximately '720,000,000• s Holdings of l o a n s , d i s c o u n t s and advances d e c r e a s e d )85,000,Q00, and of United S t a t e s Government s e c u r i t i e s -231,000,000* 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 ,$126,000,000 i n b i l l s and il25,000,000 i n bonds, and an i n c r e a s e of ,20,000,000 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 balances and r e l a t e d items during the week and the y e a r ended A p r i l 6, 19l|9 were as f o l l o w s : I n c r e a s e or decrease since A p r i l 6, 19U9 March 3 ° , 19U9 ( I n m i l l i o n s of April 7, 19l*8 dollars) U« S. Government s e c u r i t i e s Loans, d i s c o u n t s and advances Other Reserve Bank c r e d i t 21,597 2ll+ 333 -231 - 85 + 82 +1,120 50 10 Total Reserve Bank c r e d i t Gold s t o c k Treasury currency 22,lU3 2U.317 i},59l -235 + 6 +1,058 +1,170 + 33 Member 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 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 19,311 27,511+ 1,329 1,116 1,780 +292 +111 + 9 -562 - 81 +2,14-06 - 319 - lu + 196 H.i*.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( i n thousands of d o l l a r s ) I n c r e a s e or d e c r e a s e since Apr, 6, 19U9 Mar. 5 0 , 191*9 Apr. 7 , 19148 22,k66,k31 608,681+ 23,0757ll5~ 302,7Ok 212,901+ 759 + 2 - 1.536 •- 1,53k * 37,525 - 85,212 2 +1,217,261 27,961 +1,189,300 30,31*0 1*7,720 2,81*1+ -l26,l(i+8 + 20,000 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 5.173,871 6,886,979 38k, 600 9.151*100, -125,1+00 -3,297,630 +2,51+2,636 -1,529,700 +3.1*03,857 21,596,550 -231,81+8 +1,119,163 T o t a l l o a n s 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 21,810,213 1*9 109,691 2,391,966 32,156 157,102 -317,062 — - 9,981 - 63,623 + 19 + 279 +1,068,599 1+6 2,1)16 - 111,021 581 + 17,53k k7,878,998 -k29,l*27 +2,131,029 23,k23,k33 + 19,311,322 1,115,562 6ll,l+k0 k?2_,736 2l,53i,o6'6 2,059,k60 +292,759 -562,679 - 82,768 - 3,k7k -356,162 -11+5,1+66 +2,kO5,900 2k,066 + 113,703 - , 3,156 +27k92,381 - 100,320 ik,35j> "1*770287309 6k6 "-k35,637 1,963 +2,026,1+1+8 20k, 277 1*66,711 27,5k3 152,158_ 27 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 d e p o s i t s 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 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 a c c o u n t s 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. 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 correspondents Commitments t o make i n d u s t r i a l loans 1*778787998 + 6,183 ~3l29,'I+27 • 3% 51-395 5,266 3,259 66,637 + + - + + 363,650 6,k63 18,522 + 79,596 +2,131,029 * 27k + 7k7 - 1,382 k,l*20 H.l+.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 6 , 19^+9 (In thousands of d o l l a r s ) ASSETS Total aoid c e r t i f i c a t e s Boston 22,1+66,1+31 798,353 New York Phila. Cleve. Rich. Atlanta Chicago S t . L o u i s 7,237,195 ll2l+,l+12 1593,1+13 101+0,363 1006,127 1+175,695 Minn. Kans.Cy. 636,532 1+50,552 327,177 kh,299 22,389 55.769 D a l l a s SanFran. 61+8,752 2827,360 Redemption fund f o r F. R. notes 6o8,6Gl+ 52,750 23,075,115 851,603 1+9,550 58,001 73,715 52,391 1+3,191+ 101,636 26,282 1+5,208 Total gold c e r t i f i c a t e reserves - 7,356,71+5 1182,1+15 1667,128 1092,751+ 101+9,521 1+230,351 730,851 1+75,1+1+1 362,91+6 Other cash 502,701+ 31,01+9 62,1+00 18,107 26,61+7 17,199 22,369 1+1,561+ 15,21+0 9,531+ 9,623 discounts and advances 212,901+ 16,111 59,159 18,691 20,986 11,597 7,l<'+5 35,791 6,1+75 5,052 11,590 Industrial loans 759 705 5I+ . U. S.. Govt, s e c u r i t i e s : Bills 5,173,371 356,955 1,226,157 352,1+32 1+77,191 352,11+9 277,535 772,029 279,609 167,1+95 250,251 Certificates 6,886,979 1+75,119 1,652,11+6 1+69,127 655,193 U+2,123 569,251 1027,651+ 372,187 222,952 555,110 botes' 581+.600 26,533 91,11+6 26,198 35,1+72 2i+,690 20,620 57,339 20,781+ 12,1+51 18,602 Bonds 9,151,100 651,516 2,168,719 625,555 81+1+,015 587,1+71+ 1+90,613 1565,500 l+9l+,5l+5 296,21+8 1+1+2,620 675,051+ 2372,568 10,985 5,523 59,659 ll+,73l+ 225,795 1+58,1+1+7 297,896 6io,2l+l 16,636 3l+,079 595,351 810,861 Xat-al U.S.Government securities 21,596,550 11+39,903 5 , H 8 , l 6 8 11+71,112 1991,871 1336,1+56 1157,852 5222,572 1167,125 699,11+1+ 10l+l+,583 93l+,158 1915,628 21,310,215 1506,011+ 70l+,196 1056,175 939,681 1928,1+12 Total loans and securities Due from f o r e i g n banks 5,177,527 1^90,508 2012,857 1598,087 ll61+,997 3258,565 1175,598 k9 3 l / 16 j . R . n o t e s of other banks 109,691 Uncollected items 2,591,968 Bank premises 32,156 Other assets 157,102 k,3k7 218,511 1,171 11,035 11,1+58 1+69,100 8,023 36,776 TOTAL ASSETS 1+ 3,596 163,920 3,036 10,552 1+ 2 2 7 2 1 2 6,o61+ 220,506 i+,825 ll+,689 22,655 185,61+5 2,535 10,078 ll+,306 167,235 1,556 8,530 ll+,537 366,902 3,135 23,217 6,575 106,030 1,950 8,385 1+.070 58,671+ 1,169 5,023 5,751 125,351 2,362 7,1+85 2 1+ l+,0l+5 12,509 102,121 207,1+75 7I+6 1,620 6,738 ll+,596 1+7,378,998 2623,755 15,101,81+5 2871,956 5952,720 2728,955 21+28,661+ 7987,901+ 201+1,089 1256,158 2070,173 1759,598 5076,1+23 l/ A f t e r d e d u c t i n g $33,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. H. 14.1(c) STATEMENT OF CONDITION CF THE FEDERAL RESERVE BANKS ON APRIL 6, l9i*9 ( I n thousands of d o l l a r s ) Hew York Phila. Cieve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Ksns.Cy. 5,368,087 1612,880 2091,1*97 1568,876 1291,61*2 1+1+97,153 1097,922 618,312 922,1400 L I A B I L I T I E S Total Boston F e d e r a l Reserve n o t e s 25,1*25,1*55 1388,160 Depositsi Member b a n k - r e s e r v e a c c t . 19,511,522 855,506 6,321,589 U.S.Treasurer-general acct.1,115,562 95,785 171,105 Foreign 611,1*1*0 58,11*0 l / 197,292 1*92,736 2,1*28 Other 1+21*, 153 Total d e p o s i t s 21,551,060 Deferred a v a i l a b i l i t y i t e m s 2,059,1*60 Other l i a b i l i t i e s i n c l u d i n g accrued dividends li+,356 TOTAL LIABILITIES 1+7,028,509 Capital paid in 20l+,277 Surplus ( S e c t i o n 7) 1+66,711 Surplus ( S e c t i o n 15b) 27,51+3 Other c a p i t a l accounts 152,158 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+7,878,998 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 5,266 Commitments t o make i n d u s t r i a l loans 5>259 F.R. n o t e s o u t s t a n d i n g 21* 093 6gi* 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; 13,179,000 Gold c e r t i f i c a t e s E l i g i b l e paper 37,918 U.S.Govt, s e c u r i t i e s 12,075,000 Discounts and advances Indu s t r i a 1 1 oans U.S.Govt, s e c u r i t i e s Dallas 597,71+6 SanFran. 2368,758 911,335 80,158 21,189 1+65 2258,567 103,562 53,936 33,822 562,592 1002,?2l* 1013,197 51,922 111,780 96,022 21*1*9,887 180,255 678 1,156 2569,281* 12,81*8,51+3 280l*,775 387l+,l+l+3 2681*,ol*5 2591,153 7870,91+3 2007,302 1255,085 2037,059 1707,61*3 11,506 69,670 lit, 869 19,212 8,909 8,cl+5 25,831+ 6,759 l+,530 7,189 8,121* 1*3,968 22,1*17 20,028 68,81+2 17,971+ 29,5147 11*5,019 36,701+ 11,797 17,008 ll*,95l+ 3*011 7,319 i+,1+89 1,006 3,31+9 762 1,1*29 521 1,073 1,137 1,307 33,291* 11,099 11+, 091 10,235 8,676 20,356 8,533 _ 5,673 10,585 7,780 7,370 5000,031+ 19,630 1+0,653 2,11*0 13,966 2625,733 13,101,81+5 2871,936 3952,720 2728,955 2l*28,6&* 7987,901+ 201+1,089 1256,158 2070,173 1739,398 5076,1*25 991,657 188,590 877 552 11*1*0,782 913,71+1 11+22,251* 9L723 99,1+1+8 1+8,1*32 35,697 1,528 6,150 822,1*63 9l*,290 29,665 3,512 81*5,113 2865,661+ 70,250 lOl+,923 21*.821 83,51+5 366 3,380 720,051 1+77,281* 897,905 63,1+95 68,255 72,590 2i,79i+ 15,135 21,791* 5,179 1,738 10,035 7 , l i l t . 119 1055,1+21+ 1583,52+9 362,1*96 135,620 197.735 91*9,930 161*.1+1+3 91+0,550 3057,512 158,291* 3H+.07I+ 810,519 98,251 1,662 796 3,81+1 851 1*21 667 727 610 1+59 555 190 132 190 181+ 1+68 88 2,698 130 2I4I+ 9 ~ 5 , l + 9 9 , 1 1 8 l 6 5 9 , 2 7 l + 2 l 6 5 , 3 7 0 l 6 2 0 , 8 6 3 13l42,132l*573,777 1137,718 — 631,689 — 91+2,871+ — 621,512 90 21*58,785 2 / i,66U 1+81+ 258 216 2,2oi+ 1*1*0,000 1*,670,000 550,000 7l+5,ooo 625,000 575,000 2535,000 315,000 210,000 280,000 181*, 000 2000,000 1,250 6,115 — 1,250 6,530 11,103 6,525 — 1+.H+5 — — 1,000 800,000 1100,000 1,000,000 1200,000 1500,000 5-025,000 850,000 2000,000 950,000 1*50,000 700,000 500,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 16 t o 61 t o Within 6 months 1 to 2 2 to 5 Over 51 t o 91 days t o Total 30 days years years 15 days t o 1 year 5 years 90 days 6 months 60 days 212,901+ 52,700 125,222 23,965 13,017 2 16 673 57 7 759 571>!+61* 1,935,100 7,113,700 21,596,550 2 , 7 5 6 , 5 5 3 li,5l+l>833 1,703,700 2,115.. 500 860,900 l / A f t e r dedaccing $1*JU,093^ 000 p a r t i c i p a t i o n s of other F e d e r a l R e serve bants,, 2 / After deducting $5,602,000 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,
@FedFRASER