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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate R e l e a s e ) H.ii.1 A u g u s t l±9 1 9 ^ 9 CONDITION OF THE FEDERAL RESERVE BAMS D a r i n g t h e week e n d e d A u g u s t 3 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 $ 1 3 3 t 0 0 0 , 0 0 0 * A d d i t i o n s t o member bank r e s e r v e s a r o s e from i n c r e a s e s of $ 1 3 8 , 0 0 0 , 0 0 0 i n R e s e r v e Bank c r e d i t a n d §142,000,000 i n g o l d s t o c k a n d d e c r e a s e s of $ 3 6 , 0 0 0 , 0 0 0 i n T r e a s u r y d e p o s i t s w i t h F e d e r a l R e s e r v e Banks a n d $ 1 0 , 0 0 0 , 0 0 0 i n nonmember d e p o s i t s a n d o t h e r F e d e r a l R e s e r v e a c c o u n t s , o f f s e t i n p a r t by i n c r e a s e s of $ 8 6 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n a n d § 5 , 0 0 0 , 0 0 0 i n T r e a s u r y c a s h . Excess r e s e r v e s of member b a n k s on A u g u s t 3 ^ere 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 0914-0,000,000. H o l d i n g s of l o a n s , d i s c o u n t s a n d a d v a n c e s d e c r e a s e d $ 1 1 8 , 0 0 0 , 0 0 0 w h i l e h o l d i n g s of U n i t e d S t a t e s Government s e c u r i t i e s i n c r e a s e d 3 2 0 3 , 0 0 0 , 0 0 0 . The i n c r e a s e i n h o l d i n g s of U n i t e d 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 i n c r e a s e s of $197,000,000 i n b i l l s and $6,000,000 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 a n d r e l a t e d i t e m s d u r i n g t h e week a n d t h e y e a r e n d e d A u g u s t 3* 19u9 were a s f o l l o w s : Increase or decrease since A u g u s t 39 19U9 July 27, 19U9 ( i n m i l l i o n s of August I|, 19li8 dollars) U* S« Government s e c u r i t i e s L e a n s , d i s c o u n t s a n d advance O t h e r R e s e r v e Bank c r e d i t 18,693 299 221 +203 -118 + 53 _2 ,635 + 16 15 Total Reserve Bank c r e d i t Gold s t o c k Treasury c u r r e n c y 19,213 2i|,562 i+,593 +138 + J42 1 - 2 ,66k + 883 + 29 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 llonmember d e p o s i t s and o t h e r F . R. a c c o u n t s 17,619 27,1*19 1,312 I4II 1,607 +133 + 86 + 5 - 36 - 10 + 13 - 503 18 - 1 . ,hkl •f 178 H#4tl(a) STATEMENT 0? CONDITION OF THE TIJELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) Increase or decrease since July 27, 1949 Aug, 3, 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 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 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 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Commitments to make industrial loans Aug, 4» 1948 22,747,429 572,419 23,319,848 298,793 298,344 540 + 32,998 4- 955,758 + 1,590 40,086 + 34,588 + 915,672 - 8,682 + 26,735 -118,311 + 15,814 + 21 58 3,932,795 6,626,500 353,600 7,780,200 +197,100 -3,455,217 + 6,000 +1,504,793 -1,548,700 + 814,015 18,693,095 +203,100 18,991,979 49 116,683 2,250,590 32,597 115,718 + 84,810 -2,669,353 - 8,243 + 19,587 37 + + 5,306 - 45,126,257 +127,329 23,310,971 + 67,610 - 17,619,238 411,186 493,563 424,453 18,948,440 2,029,141 +133,312 - 35,550 + 26,366 + 15,088 +139,216 - 33,650 8,957 44,297,509 - 2,230 3,304 +170,946 -1,992,179 206,773 466,711 27,543 127,721 45,126,257 3,812 138,432 164 31,860 -1,900,886 495,932 + 13,337 -1,440,346 + 105,622 47,171 -1,368,558 - 124,385 33 + + 7,656 18,522 - 43,650 + 65,115 +127,329 -1,900,886 55*255 3,743 2,255 -2,685,109 21c + 4»4A> 817 21 + - 1,971 3,633 • <-l0 + H.l+.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 5 , 191+9 ( I n thousands of d o l l a r s ) ASSETS Gold c e r t i f i c a t e s Redemption fund f o r Total Boston 22.71+7,1+29 812,786 572,1+19 51,271+ 25,519,81+8 861+,o6o 298,795 298,31+1+ 52,068 7,881+ F. R. notes Total gold Hew. York Phila. Cleve. Rich, Atlanta Chicago S t . L o u i s 7,229,232 117l+,Ol+7 1601,909 101+7,355 100l+,982 1+515,137 1+7,81+1+ h6,36k 71,799 51,265 1+1,701+ 90,659 Minn.. Kans.Cy. 7H,0l+l l+2l+,8l+9 827,859 1+5,725 22,651 55,565 D a l l a s SanFran.. 61+1,023 2757,229 25,717 ltl+,072 certificate reserves Other cash Discounts and advances I n d u s t r i a l loans U. S. Govt, securities: Bills Certificates Notes Bonds 7,277,076 1220,1+11 1675,708 1098,620 101+6,686 1+605,776 5l+,9l6 177,509 5I+O 3,932,795 6,626,500 353,600 7,780,200 271,316 1+57,11+9 2l+,39i+ 536,71+0 ll+,5l+2 8,81+9 52,880 15,053 17,682 15,078 515 1 2l+ 932,033 267,891+ 362,726 1,570,1+15 1+51,381+ 6 l l , l 6 8 85,800 2l+,086 52,615 1,81+5,829 529,972 717,576 22,081+ 6,1+10 59,1+80 25,791 252,1+71+ 210,81+9 586,81+0 1+25,1+01 355,267 988,786 22,700 18,958 52,765 h99,h^ 1+17,119 1160,958 75l+,766 1+1+7,500 865,20!+ 15,585 8,096 666,71+0 2801,501 7,167 l+,855 12,137 9,986 10,81+8 5,970 39,801+ 18,885 212,536 127,316 358,109 2ll+,520 19,109 11,1+1+7 1+20,1+58 251,868 190,221 320,511 17,105 576,515 170,113 286,629 15,295 556,553 3^8,477 587,161 51,532 689,588 90l+,ll+8 808,570 1656,558 609,981+ 9ll+,13U 812,51+0 1675,21+3 T o t a l U.S.Government securities 18,695,095 1289,599 1+,1+30,077 1273,536 172l+,083 1200,01+1 1002,195 2789,327 1010,212 605,151 Total loans and securities 18,991,979 1297,1+85 1+,607,586 1282,700 1759,157 1215,11+5 1008,605 2815,118 1018,508 Due from f o r e i g n banks lg F.R.notes of other banks U n c o l l e c t e d items Bank premises Other assets TOTAL ASSETS 3 1 / 16 1+ 1+ 2 2. 7 2 1 2 2 1+ 116,683 8,801 li+,58l 8,1+53 6,330 ll+,l+77 10,183 ll+,l+99 6,121+ 8,063 6,556 l+,297 ll+,3l9 2,250,590 170,1+81+ 592,81+7 ll+5,259 200,283 191,152 ll+8,070 362,952 132,530 71,891 132,868 99,512 202,782 32,597 115,718 1,152 7,955 7,961+ 26,327 3,oil+ 7,568 1+.770 11,585 2,506 7,5l+9 i,5l+l 6,131 5,175 17,652 l,9ll+ 7,185 1,159 5,652 2,559 5,1+02 753 5,060 2,530 10,071+ 1+5,126,257 2581,986 12,581,515 2681,751 5668,1+95 25l+l+,951 221+5,500 7856,659 1956,211+ Hl+9,1+17 1956,61+2 1599,752 1+71+5,857 l/ After deducting $55,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 3, 1949 (in thousands of dollars) New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cv, 5,349,252 1610,989 2069,629 1536,025 1286,972 4499,307 1072,056 603,788 918,824 Dallas 604,220 5,845,440 78,018 1/160,050 349,610 819,733 1273,362 733,539 17,742 19,866 32,635 39,000 44,850 23,883 1.277 4*832 _ 2,066 736,759 2762,243 649,656 22,214 84,056 26,010 19,988 67,275 17,550 564 2,212 16,426 422,534 23,307 12,183 1,606 808,945 31,824 17,550 829,356 2004,093 22,, 35,011 43,443 17,063 487 .—3^.475 6,433,118 347,706 877,757 1342,910 126,900 178,779 779,525 2915,786 140,050 326,430 709,642 121,681 459,635 63,354 365,231 120,220 ^69,405 94,764 2117,027 177,565 383 312 382 479 634 TOTAL LIABILITIES 44,297,509 2329,147 12,132,316 2616,120 3592,443 2501,456 2206.952 7743,010 1903,762 1127,03? 1904,657 1563,868 Capital paid in 11,523 71,091 14,934 19,295 9,069 e',131 25,990 6,304 4,554 7,255 8,292 206,773 Surplus (Section 7) 29,347 143,019 36,704 43,968 22,417 20,028 68,842 17,974 11,797 17,003 14,954 466,711 Jurplus (Section 13b) 1,307 7,319 4,439 1,006 3,349 762 1,429 521 1,073 1,137 3,011 27,543 Other capital accounts 8,958 27,568 9,434 11,778 84640 7,427 17,368 7,153 127,721 4,904 6,311 2*222. TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,126,257 2381,936 12,381,313 2631,731 3668,495 2544,931 2243,300 7856,639 1936,214 1149,417 1936,642 1599,732 ~~r\j . — ••:'.-. liability on a e s •.a£ T .: a; aa purchased i'or Coi-'\lan correspondents 3,743 236 2/ 1,183 299 344 183 153 517 135 94 135 131 '•ait'-outs to make industrial 4671,684 19,735 40,653 2,140 11,595 Total Boston B I L I 1383,451 2 3 , 3 1 0 , 9 7 1 i-octorai. r e s e r v e n o t e s deposits: Member bank-reserve acct. 17,6.19,238 733,573 3.8,004 U.S.Treasurer-general acct. 411,186 30,713 Foreign 493,563 3,986 Other 424,453 Total deposits 18,948,440 786,276 ; iferred availability items 2,029,141 153,778 Other liabilities Including accrued dividends 642 8,957 P.... notes outstanding Collateral for F.R. notes held by F.R. Agents: Gold certificates Eligible paper U.S. Govt, securities 2,240 474 1,130 792,128 172,864 439 405 1,437 60 2,255 24,006,568 1433,814 — 83 1,779 15 210 23 5,499,214 1656,787 2139,572 1536,186 1329,645 4568,762 1105,040 13,954,000 440,000 179,211 1,565 11,250,000 1100,000 4,670,000 750,000 900,000 625,000 145,814 825 — 7,363 1,000,000 1000,000 1300,000 1000,000 675,000 2305,000 ~ — 700,000 1800,000 315,000 4,435 900^000 A212. SarJaran. 2376,458 4745,357 333 617,851 — 940,875 — 635,636 80 2493,186 210,000 2,325 450,000 280,000 6,375 700,000 184,000 — 500,000 2100,000 9,959 800,000 r p I.J yCV^ TOATTCJ I^-UJ A r m ' OTTOTTPiTTATTTHTrrnr / t i l l . t X i l l J. ^nTOTvn I J i ^ j .T-DT L ' jTril p --L----J y i-tUii^j>->__ J i . ! j b . l .Trn-rpC! ; i J-Jyo Msecants and advances Industrial loans U.S. Govt, securities Total 293,344 540 18,693,095 IJithin 15 days 190,181 488 833,127 16 to 30 days 81,619 2U 806,575 1/ 2/ A fter -P. 31 to 60 days 10,966 3,119,562 61 to 90 da^s ll>,470 3 1,029,731 91 days to 6 b months 6 months to 1 year 108 4 820,300 8 4,545,100 1 to 2 yon.rS 2 to 5 years Over 5 ^rears 13 O npn deducting 0333,450,000 participations of other Federal Ee~e After1 deducting '.'2,560,000 participations of other Feaeral Reserve i^anAs. onf) 5,443,000
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