The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.ii.l August 1 1 , 19^9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 10 member bank reserve balances decreased $272,000,000, Reductions in member bank reserves resulted from a decrease of $289*000,000 in Reserve Bank credit and increases of $1+0,000,000 in nonmember deposits and other Federal Reserve accounts and $2,000,000 in Treasury cash* offset in part by decreases of $1+1,000,000 in Treasury deposits with Federal Reserve Banks and $10,000,000 in money in circulation and an increase of $6,000,000 in gold stock. Excess reserves of member banks on August 10 were estimated to be approximately $910,000,000. A week before excess reserves were reported as $9^0,000,000. If adjusted for the reduction of approximately $250,000,000 in required reserves of country banks, which was announced on August 5 retroactive to August 1, excess reserves of member banks on August 3 would be $1,190,000,000, Holdings of loans, discounts and advances decreased $161,000,000 and of United States Government securities $87,000,000. The decrease in holdings of United States Government securities reflects decreases of $233,000,000 in certificates, $5,000,000 in bonds, and $1,000,000 in notes, and an increase of $156,000,000 in bills. Changes in member bank reserve balances and related items during the week and the year ended August 1 0 , 191+9 were as follows: Increase or decrease since August 1 0 , 191& August 3# 19^9 August 1 1 , 1914B (in millions of dollars) TT- S* Government securities ]>ons, discounts and advances 0 ';.\e T Re s e r ve Bank ere di t 18,606 Total Reserve Bank credit C-\; a stock T."' iasury currency 1Q.92.U. Tloriber bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Ti ruTiember deposits -and other F« R. accounts 17,31+7 27,1409 l,3ll+ 370 1,61*7 138 180 2i|,568 U,592 - 87 -161 -hi -2,960 - 156 21+ -289 + 6 - 1 -3,il+o + 880 + 28 -272 - 10 + 2 - 1+87 - 557 10 -1,336 + 212 -la + ho H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Aug, 10, 1949 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S, Govt, securities; Bills Certificates Notes Bonds Total U. S. Government securities Total loans and securities Due from foreign banks F. R, notes of other banks Uncollected items Bank premises Other assets. TOTAL ASSETS Aug. 3, 1949 22,757,-429 + 10,000 568,273 - 4.146 23,325,702 + 5,854 291,165 - 7,628 137,894 -160,450 526 14 Aug. 11, 1948 + + + - 945,758 40*189 905,569 29,092 154,872 109 4,089,195 6,389,000 352,600 7,775,200 +156,400 -237,500 - 1,000 - 5,000 -3,236,117 +1,228,593 -1,512,500 + 559,792 18,605,995 - 87,100 -2,960,232 18 $ 744 $ 4-15 49 110,496 2,238,502 32,694 119,565 -247,564 -3,115,213 - 6,187 - 12,088 + 97 + 3,847 + - 44,862,588 -263,669 -2,463,611 15,113 233,747 202 34,401 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve account U. S. Treasurer-general account Foreign Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES 23,289,138 - 21,833 - 17,346,662 369,506 4^4j4^^ 461,399 18,671,989 2,058,506 -272,576 - 41,680 859 + + 36,946 -276,451 + 29,365 - 487,514 -1,386,752 + 109,030 18.587 = -1,783,823 - 209,612 C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 206,803 30 466,711 27,543 132.346 ±_^625_ 44,862,588 -263,669 Ratio of gold certificate reserves ~o deposit and F, R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Commitments to make industrial loans 3*551 ± 44,029,185 55.6% 3,272 2,049 321 -268/324 + - 4.228 -2,555,168 + + 7,614 18,522 + 65.421 -2,/, 63, 611 5.0fo 4# •4P 471 206 557,505 + 1,503 4,203 H.l+.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 10, I9I+9 (In thousands of d o l l a r s ) ASSETS Total Boston 22,757,1+29 797,1+1+9 568-273 51,056 T o t a l gold c e r t i f i c a t e reserves' " 23,325,702 81+8,505 Gold c e r t i f i c a t e s New York Phila, Cleve, Rich. Atlanta Chicago S t . L o u i s 7,303,525 1166,51+0 1620,1+01+ 1061,1+67 1006,198 1+1+23,666 688,753 Minn. Kans.Cy. 1+58,786 850,098 D a l l a s SanFran, 625,959 2796,826 Redemption fund f o r F. R. notes other cash 1+6,863 1+5,958 71,1+65 1+9,767 1+1,1+98 90,571+ 1+3>615 22,609 35,297 7 , 5 5 0 , 3 8 6 1212,278 1691,869 1111,231+ 101+7,696 !+5ll+,2l+0 732,546 l+6l,395 865,595 25,709 1+3,881+ 61+9,61+8 281+0,710 291,165 56,291 52,ll+8 13>235 27,760 17,1+61 25,1+1+6 38,917 li+Ml 7,1+63 12,167 10,152 37,681+ Discounts and advances 137,891+ I n d u s t r i a l loans 526 U. S. Govt, s e c u r i t i e s : Bills 1+,089,195 9,778 — 55,944 — 8,?I+2 502 19,566 1 11,116 25 5,556 — 15,598 — 5,560 3,009 5,930 — 4,022 — 13,295 262,511+ 219,231+ 610,178 certificates Notes Bonds 6,389,000 552,600 7,775,200 282,105 969,098 278,51+8 377,151 220,988 132,580 197,786 176,878 362,335 1+1+0,765 24,525 556,395 1,514,129 85,565 1,842,645 1+35,206 24,018 529,651 589,261+ 1+10,151+ 31+2,533 953,347 345,275 52,521 22,636 18,904 52,614 19,055 717,114 499,145 4l6,852 1160,192 420,187 206,830 H,4l5 251,707 509,024 17,054 376,071 276,556 15,252 536,316 566,117 51,245 688,945 T o t a l U.S.Government securities 18,605,995 1285,590 4,409,455 1267,405 1716,050 1194,449 997,525 2776,331 1005,505 602,352 899,935 80l+,802 1648,640 18,744,415 1293,368 4,445,379 1276,647 1735,1+17 1205,588 1003,059 2791,929 1011,065 605,341 905,865 808,824 1661,953 T o t a l loans and securities Due from f o r e i g n banks 49 5 l / 16 4 4 2 2 ? 2 1 2 2 4 F.R.notes of other banks 110,496 Uncollected items 2,238,502 Bank premises 32,694 Other assets 119,565 6,627 165,742 1,152 8,217 15,259 392,-869 7,964 27,6i6 8.166 147,785 5.014 7,824 5,520 189,347 4,7?0 11,598 11,899 198,186 2,506 7.64l 9,333 150,592 l,54l 6,557 15,100 372,422 5.175 18,130 7,711 121,590 1,915 7,444 7.657 73,472 1,159 5,745 6,849 122,449 2,559 5,678 4,420 105,410 733 5,028 15,975 198,658 2,426 10,507 TOTAL ASSETS 1+4,862,588 2559,905 12,291,617 2668,953 5666,085 2554,517 2242,006 7751,920 1896,514 1160,253 1920,744 1584,217 4765,877 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,4,1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 10, 1949 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Lcuis Minn, Kans.Cy. 23,289,138 1379,704 5,331,760 1608,659 2068,259 1536,811 1284,619 4499,901 1070,145 603,635 918,149 B I L I T I federal Keserve notes nRposltr.; Member bank-reserve acct, 17,346,662 U.S.Treasurer-general acct. 369,506 Foreign 494,422 Other 461,399 Total deposits 18,671,989 Deferred availability items 2,058,506 Other liabilities including accrued dividends 9,552 TOTAL LIABILITIES 44,029,185 Capital paid in 206,803 Surplus (Section 7) 466,711 Surplus (Section 13b) 27,543 Other capital accounts 132,346 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,862,588 Contingent liability on acceptances purchased for foreign correspondents 3,272 Commitments to make industrial loans 2,049 F.R, notes outstanding 24,013,609 Collateral for F.R, notes held by F.R, Agents: Gold certificates 13,954,000 Eligible paper 22,223 U.S. Govt, securities 11,250 000 l-'j scounts and advances Industrial loans U.S. Govt, securities Total 137,894 526 18,605,995 711,745 20,651 30,820 4,462 767,678 158,623 5,723,442 70,949 1/159,741 " 395,320 6,349,452 357,895 641 2,488 799,220 1276,822 726,106 719,341 2695,904 633,86/+ 424,805 20,305 21,915 340O52 32,271 39,608 24,230 30,242 39,136 45,007 23,971 20,057 67,510 17,611 12,230 2,185 5,227 2,553 501 2,608 5,598 1,717 860,846 1348,971 786,682 772,170 2805,630 681,303 468,994 132,972 171,503 186,743 148,170 330,499 111,900 64,796 546 890 535 463 1,613 336 41: Dallas SanFran, 604,768 2382,728 813,669 809,997 2011,747 20,601 18,770 35,912 17,611 17,122 43,606 6r117 509 34,602 857,998 846,398 2125,867 111,874 101,639 181,892 438 828 359 2306,646 12,041,595 2603,023 3589,623 2510,771 2205,422 7637,643 1863,763 1137,761 1888,459 1553,164 4691,315 14,996 25,996 11,522 71,097 19,295 9,069 19,784 6,809 4,554 7,256 8,131 8,294 20,028 43,968 68,842 22,417 17,974 11,797 17,008 40,653 29,347 143,019 36,704 14,954 1,606 1,307 2,140 521 1,073 1.137 3,011 7,319 1,429 4,489 3,349 762 6,498 18,010 7,447 5,048 6,884 11,985 9,379 28,587 7,663 12,193 8,911 9,741 2359,905 12,291,617 2668,953 3666,085 2554,517 2242,006 7751,920 1896,514 1160,233 1920,744 1584,217 4765,877 118 82 118 115 291 — 95 1,774 15 — 28 — 5,497,641 1658,773 2135,344 1582,826 1328,689 4575,948 1115,105 — 616,640 — 943,794 — 637,563 77 2485,600 440,000 4,670,000 750,000 900,000 625,000 675,000 2805,000 315,000 210,000 3,365 3,775 598 — 5,628 — — 1,895 464 1100,000 1,000,000 1000,000 1300,000 1000,000 700,000 1800,000 900,000 450,000 280,000 2,265 700,000 J84,000 — 500,000 2100,000 4,233 800,000 206 60 1435,686 2/1,034 262 301 160 134 451 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 61 to 91 days to 6 months 15 days 30 days 60 days 90 days 6 months to 1 year 104,283 9,891 3,926 18,216 1,578 — 476 23 — 3 4 7 986,735 714,983 3,139,415 1,055,762 780,300 4,390,600 1/ After deducting 0334,613,000 participations of other Federal Reserve 2/ After deducting 02,238,000 participations of other Federal Reserve 1 to 2 years " — 13 Banks. Banks. 2 to 5 years Over 5 years 2,090,200 5,448,000
@FedFRASER