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BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for, Publication Friday morning,' April 9, 1948) April 8, 1948 il.4.1 CONDITION OF THE FEDERAL RESERVE.BANKS During the week ended April 7, member bank reserve balances increased $266,000,000.v Additiqns to member bank reserves arose from decreases of 1832,000,000 :in Treasury deposits with Federal Reserve Banks and $3,000,000 in nonmember deposits and other Federal,Reserve accounts, and an increase of $11,000,000 in gold:stock, offset in part by a decrease of $522,000,000 in Reserve Bankjcredit and increases of $53,000,000 in money in circulation and 04,000,000 in Treasury cash. Excess reserves of member banks on April''-7 \/ere estimated to'be approximately $710,000,000, Holdings of loans, discounts and advances decreased $170,000,000 and of United States Government securities $410,000,000, The decrease in holdings of United States Government securities reflects decreases of $380,000,000 in bills and $137,000,000.in certificates aiid increases'of $76,000,000 in bonds and $31,000,000'in rfbtesr > • Changes in member barpc reserve balances and related items during the week and the year ended April 7, 194SV, were as' follows: Increase or decrease since April 7,< 1948 April 9, 1947 March 31, 1948 (In. millions of dollars) U» S. Government securities; Loans, discounts and,advances Other Reserve Bank credit .20,477 264 343 + 410 170 56 + Total Reserve Bank credit Gold stock Treasury currency 21,085 23,147 4,558 _ + - 522 11 1 - 1,303 + 2,650 1 Member bank reserve balances'? j/Ct 905 Honey in circulation j 27 833 1*329 Treasury cash ' Treasury deposits with F. R. Banks I'l^O Nonmember deposits and other F,R, accounts .1/58/ + + + - 266 53 U 332 3 - ; + + 1,799 11, 5 971 U7 7 337 90 STATEMENT OF CONDITION OF THE (BTiSLVE "FEDERAL RESERVE*. BAH KS' COMBINED ( I n thousands of d o l l a r s ) H*U»l(a) Increase or decrease since A p r i l 7, J$llB' March 3 1 , 19U8 A p r i l 9, 19U7 2l/2ii9,170 + 20,000 - 12,196 + 7,«o4 „ - -26,, 511 -169,351+ 182 +2,750,996 - 122,800 +2,628,196 + U9,766 i6,657 + 2,545 -379,550 -134,882 • + 30S90P +;.75»866 -6,891,1+84 -1,1463,1425 +1,562,500 ;+4,993,853 -1+09,666 -1,798,556 A S S E T; "S Gold certificates Redemption fund for F»R*, note§ Total gold certificate preserves Other cash Discounts and advances Industrial loans U, S, Govt, securities? Bills Certificates' Notes Bonds Total U»S, Government securities 20,1477,387 Total loans and securities Due from foreigh banks F,R, notes of other banks Uncollected items Bank premises Other assets 20,74l,6l4 95^ 112,107: 2/502,989. 32,737 s 139,568. TOTAL ASSETS L I.A B I L I T I B'S F e d e r a l Reserve n o t e s Dep os i t s : 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 A Q C Q. U N T S ' 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 arid FJR. 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 o n ; b i l l s purchased for foreign correspondents Commitments t o .xaake; i n d u s t r i a l loans 636,6U5; .533,'^ ' 260,621+ 3,603 8*14-71,551 4,344,293 1,91^,300 5,71+7,214.3: U5,7U7,969 -1,812,668 -: 7 - 8,232 +: 13,994 -236^06: •V 20l+,525 586 '- ..".V •+.+ 99,210 + •• 2,200 -840,534 +1,183,602 ^ 23,787,083 16 ,"P 05,1(22 1,^59,628 i+97,757 1+95,^92 i-9,03S;679;'' 2,159,780:' + 19,1+1+1 -• 383,037 ,-<+266-;7'03; - -831,978 + 12,209 - 17,881 —57oW9ii7.-'-293,280 + 971,738 +; 386,271 -; 2,984 36,1462 T* ,31:5,563" + 199,474 :. ! 16,319, 45*001,861. + 392 + 3.477 +1,138,477 -8144,39^ 197,8l4 1+1+8,189 27,543 72,562, 45,747,969 + 47 +; 6,729 + 8,366 + 88 + 5,813 + 29,9142 -8i40,53^ +1,183,602 51 A% -+ -iji',4 $»i% 3,884 7,679 - 4,208 ' ^29 250 -j - a •* H.l+.l(b) STATEMENT" OF CONDITION ,OF TEE FEDERAL RESEkVE- BANKS ON APRIL 7 , I9U8 ( I n thousands of d o l l a r s ) ASSETS Total 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 Total g o l d ; c e r t i f i c a t e reserves Other cash ,.,., .._ Discounts and advances I n d u s t r i a l loans U. 3 , Govt, s e c u r i t i e s : B i l l s : .' ' Certificates Notes Bonds T o t a l U.S,Government securities Total loams- and securities Due from f o r e i g n banks F.R. n o t e s of o t h e r banks Uncollected' i t e m s Bank premises Other a s s e t s TOTAL ASSETS .Boston _• New York Phila. Cleve. 'Rich. Atlanta Chicago S t . L o u i s 21,214.9,3.70: 8ii+,805 ••6,811,381 1029,866 1373,099 101+0,553 1085,387 4023,o45 656,645' 55.471 21,885,815 870,276 333,Qhk- 38.606 260,62k 21,1+62 3,603 8,471,551 569,492 4, 3 ^ , 2 9 3 292,01+0 l , 9 r 4 , 5 P 0 128,687 5,747,243 -386,353 70,675 58,532 74,ll4 56,585 38,863 103,25k 600,1+22 16,172 liinn." Kans.Cyv ., Dallas SanFran. 1+20,303- 775,836 22;66l~ 494,166 2780,307 35,194 •• 25,736 49,388 6,882,056 1088,398 lljl+7,213 1097,138 112l+,250 1+126,299^ 61+6,594 1+1+2,964 811,030 60,737 2i,7ii6 32,896 19,538 23,676 50,592 12,921 8,865 9,670 61+, 361+ 17,133 26,758 17,249 9,ll4 58,523 6,638 3,975 10,495 1+63 2,886 2ll+ i+o 519,902 2829,695 12,977 4o,820 6,849 18.C64 2,031,325 605,123 812,168 550,176 1+24,704 l,ol+l,683 310,312 1+16,488 282,136 217,792 459,015 136,739 183,521+ 124,322 95,970 1,378,085 1+10,526 550,988: 375,21+9 288,127 385,922 196,679 86,754 769,022 394,363 173,774 26o.kq 521.717 1203,706 617.272 271,99? 816,614 4S7,74o 259,306 394,867 239,861 132,975 202,492 105,694 58,595 89,227 317,323 175,917 267.885 '20.k77.3fi7-l?76-»57S 4,910*108 lidSS.Tpo 1963,168 1329,883 1026,593 2909,5911130,618 626,793 954.471 928,oi4 1858,876 2 0 , 7 4 l , 6 l 4 1398,034 S3 > •* : 6 112,107 ;' 4,563 2,502,989--: 248,866 32,737 - 1,227 139,568 9,431 4,974,472 1480,296 1990,140^1347,172 1038,595 2968,114 « V 31 8 . -9 5 ,4. ».!; A3 17,045 7,028 6,677 10,968 .14,760 15,745 '495i 103 178,404 .229,409' 208,687 -169*72? 3§5»C02 1,549 :•.§,&£ s,im 3,145 v-.-'-£,899 .2,617 9,394 7,008' "19,676 33,218 9,554 13,297 650,768 964,966 934,863 1876,940 1157,256 :; 3 .. =2 3 3 8 7,284 4,9|2 5.451* '4,814 12,840 10X,474 ; 5 6 , 5 % 126,368 1 0 7 , 5 ^ 219,768 - - 1 , 9 6 1 * 1,201 2,455 785 1,694 -17,9684,545 6,5316,155 12,993 45,747,969 : 2571.009 12*,l+7o;8l+6 2788,579 3724,540 2700,296_2375,775 7557*588 1921,1+61 1149,62$ 1926,452 1587,059 4994,758 ~l/ After deducting, ^>4,0f)0 p a r t i c i p a t i o n s j>f o t t e r F e d e r a l Reserve Banks. H.i*.l(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THST FEDERAL RESERVE tfAWKS va APRIL 7, tyUS (In thousands of dollars) Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Total Boston New York Phila. Cleve. 23,787,085 1423,409 5,457,568 1626,250 2069,870 1635,851 1327,412 4519,277 1091,674 614,347 924,041 591,347 2506,037 Federal Reserve notes Deposits: Member bank-reserve acct. 16,905,422 743,896 5,465,306 817,504 1246,606 738,130 768,872 2435,691 622,108 403,211 788,858 796,362 2078,878 U.S.Treasurer-general acct.1,139,628 113,140 296,301 93,450 98,887 71,823 67,876 110,481 59,585. 51,541 57,476 56,118 62,950 Foreign 497,737 28,368 i/l92,136 36,385 .41,327 22,011 18,417 61,091 16,171 11,230 15,722 15,273 39,606 5,932 2,478 2,307 427,203 1,717 7,963 6,956 584 2,522 1,110 Other 495,892 577 36,543 Total deposits 19,038,679 887,711 6,380,94-6 949,056 1394,783- .838,920 855,749 2609,785 703,796 468,460 863,166 868,330 2217,977 Deferred availability items2,159,730 211,104 399,154 152,344 189,423 186,400 159,868 304,803 96,926 46,474 110,608 99,696 202,980 ; Other liabilities including accrued dividends 16,319 1,008 4,248 1,037 1,609 937 736 2,686 756 521 64I 659 1,481 TOTAL LIABILITIES 45,001,861 2523,232 12,241,916 2728,687 3655,685 2662,103 2343,765 7436,551 1893,152 1129,802 1898,456 1560,032 4928,475 Capital paid in 197,314 11,305 69,099 14,541 13,949 8,425 7,716 24,079 6,488 4,353 6,720 7,603 18,531 Surplus (Section 7) 448,189 28,117 138,596 35,350 42,173 21,210 19,110 66,217 16,972 11,233 16,148 14,111 38,952 Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 Other capital accounts 72,562 5,344 13,916 5,512 6,727 5,204 4,422 9,312 4,328 3,160 3,991 3,986 6,660 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,747,969 2571,009 12,470*846 2788,579 3724,540 2700,296 2375,775 7537,503 1921,461 1149,626 1926,452 1587,039 4994,758 Contingent liability on bills purchased for foreign correspondents 3,884 245 2/i,243 315 357 I90 159 528 140 97 136 132 342 Commitments to make industrial loans 7«o79 75 — 1,241 1,418 123 16 341 580 — 3,750 — 130 F.R. notes outstanding 24,639,516 1482,781 5,690,087 1670,011 2154,977 1691,205 1373,715 4602,548 1133,773 636,597 947,303 619,777 2636,742 Collateral for F.R. notes held by F. R. Agents,; Gold certificates 13,209,000 460,000-4,470,000 550,000 735,000 625,000 675,000 2630,000 315,000 " 200,000 280,000 169,000 2100,000 Eligible paper 52,564 11,823 15,329 4,740 •9,652 — — 1,130 150 5,140 — 4,600 U,S.Govt. securities 12,750,000 1100,000 1,500,000 1200,000 1500,000 1100,000 750,000 2000,000 950,000 450,000 700,000 500,000 1000,000 MATURITY DISTRIBUTION OF LCAKS A N D SECURITIES Within 16 to 31 to 61 to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 260,624 130,601 46,732 13,924 69,246 60 11 — — — Industrial loans 3^3 3,371 23 21 21 131 4 12 20 — U.S. Govt, securities 20,477,387 1,887;,865 1,025,031 3,151,669 5,664,676 '• 2,259,417 860,450 — 546,244 5,081,985 1/ After deducting 0305,456,000 participations of other Federal Reserve Banks, 2/ After deducting 0 2,641,000 participations of other Federal Reserve B?nks.
@FedFRASER