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BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.l+.l August 2% 19U9 CONDITION OF THE FEDERAL RESERVE BANKS During t h e week ended August 2I4. member bank r e s e r v e balances decreased •1587*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 d e c r e a s e of 1613,000,000 i n Reserve Bank c r e d i t and i n c r e a s e s of $4.1,000,000 i n Treasury d e p o s i t s w i t h Federal Reserve Banks and $8,000,000 in Treasury cash, o f f s e t i n p a r t by decreases of ^55,000,000 i n money i n c i r c u l a t i o n and $19,000,000 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 12,000,000 i n gold s t o c k . Excess r e s e r v e s of member banks on August 2I4. were e s t i m a t e d t o be a p p r o x i m a t e l y 11,000,000,000. Further r e d u c t i o n s i n r e q u i r e ments, which became e f f e c t i v e on August 18, decreased r e s e r v e r e q u i r e m e n t s of member banks by approximately 1 S 250,000,000. Holdings of l e a n s , d i s c o u n t s and advances decreased $125*000,000 and of United S t a t e s Government s e c u r i t i e s ^1+23*000*000. llhe decreases i n holdings 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 d e c r e a s e s of 1209,000,000 i n c e r t i f i c a t e s , $168,000,000 i n b i l l s and ^ 6 , 0 0 0 , 0 0 0 in n o t e s . Changes i n member bank r e s e r v e balances and r e l a t e d items during t h e week and the year ended August ?l\.s 19^4-9 were as f o l l o w s : I n c r e a s e or d e c r e a s e since Aug, 2k, 19ii9 Aug. 17, 191+9 Aug. 2 5 , 1914.8 ( I n m i l l i o n s of d o l l a r s ) U. S# Govt, s e c u r i t i e s Loans, d i s c o u n t s and advances Other Reserve Bank c r e d i t 17,803 116 162 - 1*23 T o t a l Reserve Bank c r e d i t Gold stock Treasury currency 18,081 2ii,6l0 i+,591 _ + - 613 1 -3,912 + 899 + 27 Member bank r e s e r v e b a l a n c e s Money i n c i r c u l a t i o n Treasury cash Treasury d e p o s i t s w i t h F. R. Banks Ilonmeffiber d e p o s i t s and o t h e r F.R. accounts 16,509 27,528 1,321 _ 587 55 8 ill 19 -1,159 - 637 3 -1,247 + 229 um 1,639 + + - 125 65 0 -3,657 - 209 - kl H.i±.l(a) STATEMENT OF CONDITION OF THE TIAIELVE FEDERAL RESERVE BANKS COMBINED ( i n thousands of d o l l a r s ) :Increase <:>r decrease since ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F» R« n o t e s T o t a l gold c e r t i f i c a t e r e s e r v e s Other cash Discounts and advances I n d u s t r i a l loans !!• S . Govt., s e c u r i t i e s t Bills Certificates Notes Bonds T o t a l U# S» Government securities Total loans and s e c u r i t i e s Due from f o r e i g n banks F* R« n o t e s of o t h e r banks uncollected items Bank premises Other a s s e t s TOTAL ASSETS 22,790,1*29 566,591 297,983 115,332 527 3,675,618 6,0^7,900 30U,600 7,775,200 Aug, 25, 19^8 Aug. 17, 19li9 Aug. 2k, 19J-I.9 «. p 3,289 ~ ~" "3,291 + 1$?M 1214,675 + 9 mm «. 952,757 1*5,330 907,U27 27,225 208,606 268 — -3,375,1*39 +l,03ii,56i -1,503,700 + 187,831 -3,656,7li7 167,677 209,000 1^6,000 17,803,318 - 1422,677 17,919,177 U8 117,21*1 2,196,326 32,692 127,761; m &l,3kl kh, 0148,251 -1,032,953 23,220,1*61* 56,1*55 + + + + - -3,865,621 1 l 6,U86 13,183 heoMk6U - 238,071; 227 h + 36,591 3,395 -3,218,591 L I A B I L I 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 a c c o u n t 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 a c c r u e d di vi den ds TOTAL LIABILITIES 16,509,313 1485,21+0 1*63,862 1*81*,216 17,9i42,63l 2,0314,230 * - 9,151 1*3,206,1*76 5514 •1,037,570 C A P I T A L ACCOUNTS Capital paid in Surplus (Section 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 AC COOK TS 206,933 + 27 + 7,692 — + 18,522 U66,7H 27.5U3 11*0,588 + 1*,39Q + 65,015 1*1*, 01*8,251 - 1 , 0 3 2 , 9 5 3 - 3 , 2 1 8 , 5 9 1 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 C o n t i n g e n t l i a b i l i t y on a c c e p t a n c e s purchased 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 loans - - 586,265 - 1 , 1 5 8 , 5 8 2 1*1,1*58 -1,1*16,598 93,315 28,691 + + 12,005 7,217 -2,1*69,862 566,281 191,561 1*15,188 - h,6k3 -3,309,820 6.(# 56.7% 3,293 2,066 6l43,75U 1I4 + l - 1,761* 1*,209 H.l+.l(b) STATEMENT OF CONDITION OF 'HIE FEDERAL RESERVE BASKS ON AUGUST 21+. 191+9 ( I n thousands of d o l l a r s ) A S S E T S Total Boston 22,790,1+29 82l+,l+82 566,591 50,902 Total gold c e r t i f i c a t e reserves 23,557,020 other cash 297,983 875,381+ 36,606 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 Discounts and advances 115,332 I n d u s t r i a l loans 527 U. S. Govt, s e c u r i t i e s : Bills 3,675,618 Certificates 6,01+7,900 Notes 30l+,600 Bonds 7,775,200 New York Phila, Cleve. Rich. Minn. Kans.Cy. D a l l a s SanFran. 1+1+9,791+ 832,581+ 90,072 693,993 •"' 1+5,51+5 22,578 35,259 639,596 2676,830 .> 25.596 1+3.716 7,329,61+2 1250,328 1708,1+82 1130,937 1008,882 1+589,891+ 1+8,1+82 ll+,9l6 28,777 19,631 25,037 36,806 737,538 16,036 1+72,372 7,963 867,823 12,275 665,1922720,51+6 10,863 1+0,591 5,21+8 2,1+19 7,897 3,388 10,750 197,061 51+8.1+65 198,658 52l+,2l+5 902,1+50 526,81+1 16,531 1+5,1+51 16,1+61 1+16,852 1160,192 1+20,187 118,991 177,782 195,788 292,525 9,861 ll+,733 251,707 376,071 158,989 261,603 13,175 336,516 325,689 535,892 26,990 688.91+5 7,283,1+68 120l+,689 163?,21+5 1080,565 ' 1+6,171+ l+5>639 71,237 50,572 5,1+92 — 32,81+2 — 7,822 500 10,1*77 1 9,678 26 253,573 1+17,233 21,011+ 536,595 871,085 1,1+33,291 72,187 1,81+2,61+5 250,376 1+11,970 20,71+9 529,651 339,006 557,801+ 28,091+ 717,111+ 235,965 388,258 19,551+ 1+99,11+5 Atlanta Chicago S t . Louis 967,561 1+1+99,822 1+1,321 l+,567 li+,752 T o t a l U . S . Government securities 17,805,518 1228,215 2+.219.208 1212,726 161+2,018 lll+2,920 95l+>!+89 2656,558 962,127 576,52+7 861,111 770,085 1577.516 T o t a l loans and securities 17,919,177 1253,707 1+,252,050 1221,oi+8 1652,1+96 1152,621+ 959,056 2671,310 967,375 578,766 869,008 773,1+71 1588,266 2 9,700 11+5,001+ l,51+0 6,757 2 5,813 128,81+6 1,915 7.86C 1 8,821 70,697 1,159 1+.051+ 2 6,889 127,503 2,539 6,023 2 3,1+23 109,901+ 733 5.1+1+2 Due from f o r e i g n banks 1+8 3 1 / 1 5 F . R . n o t e s of o t h e r banks 117,21+1 5,522 1^,536 U n c o l l e c t e d items 2 , 1 9 6 , 3 2 6 170,985 391,521 Ban* premises 52,692 1,152 7,961+ other assets 127,761+ 8.798 29,521 TOTAL ASSETS 1+ L_ 2 10,1+97 7.167 11,396 ll+i+,112 190,155 191,859 5,009 l+,769 2,506 8,326 12,265 8,120 7 ll+,925 3lU+,62l+ 5,180 19,1+1+1 1+ 16,752 181,116 2,1+26 11.177 l+l+,ol+8,251 2332,157 1 2 , 0 7 5 , 5 3 1 2652,21+0 360^,115 2517.075 2155,978 7680,187 1865,385 112+3.813 1891,862 1569,030 1+560,878 l/ After deducting $35,000 participations of other Federal Reserve Banks. H. 24.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 2k, 19*49 ( i n thousands of d o l l a r s ) New York Phila. Cleve, R i c h . A t l a n t a Chicago S t . L o u i s Minn, Kans.Cy, 5,321,508 16024,181 206*4,219 15l45,?05 1269,007 UU93.915 1065,052 6024,895 911,925 Dallas 602,U6l SanFran. 2365,U98 59b,987 li00,558 769,567 28,8224 58,162 37,271 16,1488 11,1450 16,2488 5,666 2,587 It,525 624 5,965 i;52,757 827,651 120,801 63,093 119,2248 781,156 52,293 16,030 527 830,006 1024,708 18*42,567 36,9246 140,775 52,521 L I A B I L I T I E S Total Boston F e d e r a l Reserve notes 23,220,14614 1372,100 Deposits• Member b a n k - r e s e r v e a c c t , 16,509,313 670,955 5,512,2249 U.S.Treasurer-general acct, 485,2140 614,5614 38,62U Foreign 1463,862 23,8524 1/150,579 1I8U,216 Other 5,635 ~l421,U25 Total deposits 17,9U2,631 7*42,066 6,1248,615 Deferred a v a i l a b i l i t y i t e m s 2,0314,230 163,1479 351,098 Other l i a b i l i t i e s i n c l u d i n g accrued d i v i d e n d s 9,151 702 2,3145 TOTAL LIABILITIES \> <-*£/.*- v^-fc. £/u*. j . »j<. JL iJ. Surplus (Section 7) Surplus ( S e c t i o n 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 855,3114 1285,706 125,771 175,932 Uk9 1,00k 686,562 31,965 22,242*2 5,258 7*4*4,205 182,391 U86 6514,710 2626,777 51,62U 59,187 18,778 65,2014 I45I4 2,805 705,566 2751,975 1145,9124 517,527 U56 1,2460 362 323 377 7U 5 lil485,518 8,50** 1*4, 95*4 1,507 6,8*48 19,858 *40,655 2,1*40 12,729 *4*4,0*48,251 2332,157 12,075,531 2652,2*40 360*4,115 2517,075 2155,978 7680,187 1865,385 11*43,815 1891,862 1569,050 ^560,878 206,955 1466,711 27,5*43 1240,588 1-1,525 29,3247 3,011 9,929 Total 115,332 527 17,803,518 71,108 1243,019 7,519 50,519 2 / l,0*4l 15,003 36,70*4 24,2489 10,529 19,526 243,968 1,006 12,95*4 9,072 22,Ul7 5,5*49 9,*45Q 8,1324 20,028 762 8,111 26,002 68,8*42 1,*429 19,259 1952,807 166,2468 24*42 245,206,2476 2278,5li7 11,823,566 2585,715 5526,861 2* 4 72,787 2118,9*45 7561*,675 1832,180 1121,066 1859,201 1557,617 Contingent l i a b i l i t y on a c c e p t a n c e s purchased for f o r e i g n c o r r e s p o n d e n t s 207 5,293 Commitments t o make i n d u s t r i a l 2,066 loans 60 1*450,258 F.R. notes o u t s t a n d i n g 25,967,006 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 13,879,000 kh0,000 150 E l i g i b l e paper 22,898 1100,000 U.S. Govt, s e c u r i t i e s 11,200,000 Discounts and adTances Industrial loans U.S. Govt, securities 765,875 1205,550 52,997 52,985 56,6*40 242,136 5,035 1,802 6,811 17,97*4 521 7,399 *4,55*4 11,797 1,075 5,525 119 82 119 115 293 — 112 1,77*4 15 ~ 28 5,*485,808 1650,268 2133,303 1592,906 1320,879 *4577,l42424 1105,267 616,9U; 959,185 655,590 2*481,356 26*4 303 161 24,670,000 750,000 900,000 625,000 5,6*45 1,038 — 5,523 1,000,000 1000,000 1300,000 1000,000 135 *i5*4 77 675,000 2805,000 3*40,000 210,000 280,000 18*4,000 2000,000 3,205 — — 2,195 299 *4,8*45 800,000 700,000 1800,000 850,000 u50,000 700,000 500,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 16 t o ~ 61 t o "5" months 31 t o 91 days t o 90 days 30 days t o 1 year 60 d ays 6 months 9,550 9,U30 12,2*58 60,075 3 24 8 *499 1,109,24a 918,887 2,766,562 663,128 1,025,2400 *4,0*i6,000 1 / A f t e r d e d u c t i n g $313,272,000 p a r t i c i p a t i o n s other F e d e r a l 2"/ A f t e r d e d u c t i n g $2,252,000 p a r t i c i p a t i o n s of other Federal Within 15 days 23,821 7,258 17,008 1,157 7,258 1 to 2 years 2 to 5 years 15 — 1,826,100 Reserve Banks, 'Rosarvn Banks. Over 5 years 5,*4*48,000
@FedFRASER