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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H,4.1 (For Immediate Release) December 15, 194j CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 14 ..number bank reserve balances increased $142,000, (XV). Additions to member bank reserves resulted from an increase of $103,000,000 in Reserve Bank credit and a decrease of $48,fX)0,C00 in Treasury deposits with Federal Reserve Banks, offset in part by increases of $5,000,000 in Treasury cash, $2,000,000 in money in circulation, and $2,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on December l4 were estimated to be approximately $92^,000,000. Holdings of loans, discounts and advances decreased $300,000,000 while holdings of United States Government securities increased $238,OCO;OCO, the latter change reflecting increases of $209,000,000 in bills and $29,000,000 In certificates. Changes in member bank reserve balances and related items during the week and the year ended December 14, 19^9 were as follows: Increase or decrease since Dec. 14-, 19^9 Dec. 7, 19^9 Dec, IS, 19W (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 18,169 109 453 +238 -300 +166 -k ,*2k Total Reserve Bank credit Gold stock Treasury currency 18,731 24,476 4,596 +103 - 1 ~s ,1&* + 2^6 + 11 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Kormieiriber deposits and other F. R, accounts 16,433 27,701 l,3l'+ 393 1,963 +142 + 2 + 5 - 48 + 2 .4,."02 «. l^B - 205 _ + 13 ~7ft 3:? a H.h.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease siLnce Dec. 14, 1949 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Dec. 7, 1949 Dec. 15, 1948 22,672,432 553,794 23,226,226 - 1,999 Other cash 218,479 5,389 Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 107,188 1,955 _ + 300,025 4,374,797 5,983,900 298,100 7,512,300 + + 209,250 28,500 - 753,069 + 44,781 - 515,850 -3,600,153 18,169,097 + 237,750 -4,824,291 _ 62,228 4 39 + 18,690 132,535 + 3,258,018 + 819,215 111 33,373 + 5,429 156,713 + -4,982,629 10 5,629 - 330,585 + 1,094 •f 12,95,3 45,303,623 + 773,827 -5,051,072 23,520,023 + 19,216 - 689,308 16,432,656 393,086 765,941 506,608 18,098,291 2,805,071 + 141,648 47,6o4 1,812 + 4l8 + 957^38" + 653,553 -4,002,491 - 576,125 + 234,781 + 43,886 -4,299,949 - 125,440 14,680 44,438,265 + 1,225 + 769,432 -5,114,842 208,453 466,711 27,543 162,651 45,303,623 + 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 ljb) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit -nd F. R. note liabilities combined Contingent liability on acceptances purchased far foreign, correspondents Conjrdtrr.oTiV.B t o roaltf* jnd-n^-hvial l o a n s 6 2,005 M 18,278,240 426 — — + 3,969 ~ 773/8W •>- 2,2^3 343,002 76,698 266,304 12,570 + 159,405 1,067 145 + + 7,648 18,522 — + 37,600 -5,051,072 6.5$ 55 • % 10,599 + + + 886 15 7,238 3,819 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER ll+, 19^9 (In thousands of dollars) A S S E T S Total Gold c e r t i f i c a t e s Boston New York Phila. Cleve. Rich. Atlanta Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s SanFran. 22,672,1+32 854,366 7,305,810 1196,954 1577,236 106i+,l+75 991,01+6 1+383,81+8 699,505 435,102 781,773 678,1+73 2703,81+1+ Redemption fund f o r F. R. notes 553,794 51,4l8 Total gold certificate reserves 23,226,226 905,781+ Other cash 218,479 Discounts and advances 107,188 Industrial loans 1,955 U. S. Govt, securities: Bills 4,374,797 Certificates 5,983,900 Notes 298,100 Bonds 7,512,300 49,736 1+8,915 59,127 52,Ql+7 39,851 £2,957 42,929 22,338 34,766 7,355,546 121+5,869 1636,363 1116,522 1030,897 41+66,805 7^2,1+34 457,440 8l6,539 14,727 7,103 -— 5,826 1,812 52 9,793 4,558 11,273 2,468 28,737 6,274 387,642 530,221 26,4l4 665,650 18,625 3,l65 --- 28,446 10,365 --- 27,142 1+2,568 705,615 2746,412 22,398 7,692 --- 35,838 33,318 — 8,858 8,782 1,804 18,177 13,796 1 15,78l 7,855 98 301,809 4l2,8l8 20,565 518,258 1,036,783 l,4l8,124 70,647 1,780,340 298,002 407,612 20,306 511,723 403,492 551,901 27,494 692,867 280,849 384,149 19,137 482,267 234,546 652,794 320,815 892,899 15,982 44,482 402,757 1120,963 236,423 141,625 211,600 323,381 193,717 289,429 16,110 9,650 14,419 405,980 243,196 363,355 189,232 258,834 12,894 324,944 Total U.S. Government securitiee 18,169,097 1253,450 4,305,894 1237,643 1675,754 1166,402 974,100 2711,138 981,894 588,188 878,803 785,904 1609,927 Total loans and securities 18,278,240 126l,l42 4,339,212 1248,229 1689,551 1174,355 977,265 2721,503 988,997 590,052 883,361 788,372 1616,201 1 1 3,922 7,525 85,893 185,134 1,148 2,318 1 4 7,677 20,l4l 147,622 263,813 720 3,150 Due from foreign banks 39 F.R.notes of other banks 132,535 Uncollected items 3,258,018 Bank premises 33,373 Other assets TOTAL A S S E T S 156,713 3 5,456 275,365 1,134 l/ 12 23,694 599,123 7,891 3 3,883 204,123 2,992 4 5,843 291,526 4,715 2 14,796 284,938 2,482 2 14,271 222,277 1,527 10,862 36,745 10,305 14,601 9,960 8,363 5 1 17,167 8,160 518,586 179,618 3,356 1,940 23,687 9,542 4,883 7,440 6,6ll 13,7.14 45,303,623 2482,144 12,398,061 2724,262 3660,780 2618,836 2273,227 7779,555 1945,419 1149,165 1912,111 1667,891 4692,172 l/ After deducting $27,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 14, 1949 (In thousands of dollars) New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. 5,403,085 1638,482 2057,592 1590,724 1294,281 4493,008 1096,265 611,785 919,226 H.4.1(c) Boston Dallas SanFran. L I A B I L I T I E S Total 647,150 2363,288 Federal Reserve notes 23,520,023 1405,137 Deposits: Member bank-reserve acct. 16,432,656 708,302 5,480,959 754,171 1171,142 665,711 660,445 2598,376 598,036 390,304 744,267 790,853 1870,090 27,135 50,077 28,996 31,477 26,641 29,824 46,284 22,423 29,438 23,644 U.S.Treasurer-general acct. 393,086 35,342 41,755 47,754 1/247,450 6o,64o 69,736 37,142 31,078 I04,6o4 27,288 18,950 27,288 Foreign 765,941 26,530 67,481 Other 505,608 3,869 434,371 4,£91 7,488 3,514 744 2,455 5,986 1,394 1,231 1,327 39,938 18,098,291 787,110 Total deposits Deferred availability items 2,805,071 233,221 Other liabilities including 842 accrued dividends iK 44,438;265 TOTAL LIABILITIES Capital paid in 208^453 466,711 Surplus (Section 7) Surplus (Section 13"b) 27,543 Other capital accounts 162,651 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,303,623 Contingent liability on acceptances purchased for foreign correspondents 10,599 Conmitments to m k e industrial los:i& 2,243 F.R. notes outsxaiidi "g 24, 307,759 Collateral for F.R. notes held by F.R. Agents: Gold certificates 319,000 Eligible paper 23,718 U.S. Govt, securities 10,800,000 Discounts and advances Industrial loans U.S. Govt, securities Total 107,18b 1,955 18,169,097 6,212,857 520,463 4,221 848,098 1279,843 168,611 242,396 927 1,591 733,008 248,553 800 722,091 2751,719 653,733 217,903 413,411 160,483 662 2,388 589 440,086 796,430 73,392 162,138 451 854,052 2019,264 133,727 230,773 582 512 1,315 2426,310 12,140,626 2656,118 3581,422 2573,085 2234,937 7660,526 1911,070 1125,714 1878,306 1635,511 46l4,64o 8,202 26,291 6,847 4,580 7,308 8,402 20,112 11,937 71,081 15,080 19,404 9,159 29,347 143,019 36,704 43,968 22,417 20,028 68,842 17,974 11,797 17,008 14,954 40,653 762 2,140 1,006 4,489 1,429 521 1,307 3,011 3,349 1,073 1,137 7,319 14,627 11,871 10,826 22,467 6,001 9,298 14,980 8,352 7,717 9,007 11,439 36,016 2482,144 12,398,061 2724,262 3660,780 2618,836 2273,227 7779,555 1945,419 1149,165 1912,111 1667,891 4692,172 265 382 744 826 15 --54 500 --5,582,689 1682,942 2138,750 1639,966 1354,263 4586,159 1134,351 624,746 --950,619 — 104 684,472 2481,270 440,000 4,670,000 750,000 1000,000 670,000 675,000 3020,000 400,000 210,000 280,000 3,250 6,290 3,142 — 4,401 ' — — 4,565 50 '2,020 1100,000 1,000,000 1000,000 1150,000 1000,000 700,000 1600,000 800,000 450,000 700,000 204,000 2000,000 663 1447,532 _2/3,349 Within 15 days 39,622 1,181 1,293,235 848 975 519 434 1,463 382 943 371 500,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES bl to omonths 1 to 2 16 to 91 days to 2 to 5 31 to 6 months years 90 days to 1 year 60 days 30 days years b,005 55,211 ~4733b~ 9 5 4 12 1 28 96 126 507 1,873,684 1,455,453 1,479,225 1,873,684 1,387,700 3,548,300 — 1,709,400 1/ After deducting $518,472,000 participations of other Federal Reserve Banks. 2/ After deducting $7,250,000 participations of other Federal Reserve Banks. 800,000 Over 5 years 5,422,100
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