The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) December 22, 19^9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 21 member bank reserve balances decreased "$96 million. Reductions in member bank reserves resulted from increases of J$63^ million in Treasury deposits with Federal Reserve Banks, $132 million in ^money in circulation and $60 million in nonmember deposits and other Federal Reserve accounts, and a decrease of $^9 million in gold stock, offset in part by an increase of $777 million in Reserve Bank credit and a decrease of $5 million in Treasury cash. Excess reserves of member banks on December 21 were estimated to be approximately $850 million. Holdings of loans, discounts and advances increased $21 million and of United States Government securities $369 million. The increase in holdings of United States Government securities reflects increases of $21^ million in bills, i$l66 million in certificates, $264 million in notes, and a decrease of $275 million in bonds• Changes in member bank reserve balances and related items during the week and the year ended December 21, 19^9 were as follows: Increase• or decrease sine:e Dec. 21, 19^9 Dec. Ik, 19+9 Dec. 22, 19^8 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 18,538 130 Total Reserve Bank credit Gold stock Treasury currency 19,508 2^,1+27 +,595 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F« R. Banks 'UoiimRTnbor deposits and other F. R. accounts 16,337 27,833 1,309 1,027 2,023 840 +369 + 21 +387 -+,307 - 297 - 109 +777 -+,713 + 193 + 11 - k9 - l - 96 +132 - 5 +63^ + 60 -3,562 - 727 - 17 + 548 3+3 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Dec. 21, 191*9 A S S E T S Gold certificates Redemption fund for F, R. notes Total gold certificate reserves 22,622,430 553,793 Dec. 1*1, 19^9 - 50,002 Dec. 22, 1948 - 50,003 297,001 80,700 + 216,301 1 z + Other cash 209,533 - 8,946 • 10,095 Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities 127,75^ 1,989 + 20,566 + 34 + 298,483 1,121 6,149,950 562,200 7,237,000 +214,350 +166,050 +264,100 -275,300 - 431,848 + 189,581 - 244,750 -3,819,550 18,538,297 +369,200 -4,306,567 Total loans and securities Due from foreign "banks F. R. notes of other banks Uncollected items Bank premises Other assets 18,668,040 39 126,944 3,273,003 33,391 95,608 +389,800 -4,603,929 -' 5,591 + 14,985 + 18 - 61,105 + - 45,582,781 +279,158 -4,629,832 23,633,065 +113,042 •- 764,383 16,337,328 1,027,465 742,516 524,368 18,631,677 2,433,109 - 95,328 +634,379 - 23,425 + 17,760 +533,386 -371,962 -3,561,371 - 5^7,112 + 193,133 + 40,398 -3,874,952 52,299 15,207 44,713,058 327 86 +274,793 -4,691,720 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 4,589,ikf 208,805 466,711 27,5^3 166,664 45,582,781 i-.atio of gold certificate reserves to deposit. ,f irA F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Commitments to make industrial loans 54.8$ 10,561 2,218 - . . 352 + 4,013 +279,158 + + 10 23,13^ 161,412 1,089 48,642 7,821 18,522 + 35,5^5 -4,629,832 5.8$ l.i 38 + 5 - 7,190 H.4.3h STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 21, 1949 (in thousands of dollars) A S S E T S Total Boston 22,622,430 846,924 553,793 5l,*H7 Total goid certificate reserves 23,176,223 898,341 Gold certificates Redemption fund for F. R. notes New York Phila. Cleve. Rich. Atlanta 7,436,341 1190,159 1519,861 1066,902 49,736 990,734 4378,098 693,244 398,600 761,281 698,045 2642,241 7,486,077 1239,074 1578,988 1118,949 1030,585 4461,055 736,173 4,562 4,618 420,938 796,047 11,188 27,142 42,568 725,187 2684,809 11,812 2,468 28,120 4,393,391 1262,792 1709,806 1190,103 993,894 2766,229 1001,847 600,140 896,660 801,874 l642,64l Total loans and securities 4,423,634 1272,820 1725,953 1206,837 997,539 2778,644 1006,465 605,754 904,698 804,342 1649,315 l/ 12 3 4 2 2 5 1 23,15^ 5,269 7,637 13,860 9,111 18,739 7,903 620,586 233,037 290,874 268,413 218,412 517,209 165,865 7,899 2,987 4,707 2,482 1,526 3,357 l,94o 21,933 6,098 9,091 5,949 5,090 14,609 6,322 1 4,122 86,817 1,148 2,952 1 7,131 185,391 2,322 4,492 1 4 7,930 15,615 153,172 245,891 720 3,169 4,123 8,095 TOTAL A S S E T S 27,507 12,415 34,766 Total U • S• Government securities 18,538,297 1278,920 Due from foreign banks 39 3 F.R.notes of other banks 126,944 6,473 Uncollected items 3,273,003 287,336 Bank premises 33,391 1,134 Other assets 95,6o8 6.854 14,442 3,645 22,338 1,087,582 1,457,476 133,236 1,715,097 312,603 423,262 418,923 567,216 38,296 51,852 492,970 667,476 15,336 16,631 103 39,851 Other cash 209,533 20,44l Discounts and advances 127,754 13,119 Industrial loans 1,989 U. S. Govt, securities: Bills 4,589,147 316,596 Certificates 6,149,950 424,273 Notes 562,200 38,785 Bonds 7,237,000 499,266 18,668,040 1292,039 18,381 l6,l46 1 52,047 Dallas SanFran. 42,929 8,212 8,195 1,833 59,127 Minn. Kans.Cy. 82,957 34,817 30,243 48,915 Chicago St.Louis ... 294,609 246,038 684,779 394,808 329,718 917,677 36,092 30,141 83,890 464,594 387,997 1079,883 4,715 5,562 52 8,038 ... 248,007 148,564 221,968 332,356 199,093 297,^60 30,382 18,200 27,193 391,102 234,283 350,039 198,504 266,015 24,318 313,037 6,674 --- 4o6,635 5^,935 49,815 641,256 45,582,781 2512,621 12,618,112 2767,500 3635,635 2631,828 2276,707 7821,125 1939,231 1126,447 1911,270 1707,287 4635,018 1/ After deducting $27,000 participations of other Federal Reserve Banks. E.4, STATEMENT OF CONDITION OF THE FELERAL RESERVE BANKS ON DECEMBER 21, 19^9 (In thousands of dollars) New York Phila, Cleve. Rich. Atlanta Chicago St.Louie Minn. Kans.Cy. 5 , ^ , 1 5 1 16^8,285 2071.265 1596,81+U 1305,557 ^515,102 1099,7^2 613,673 921,607 .c) Total Eoston L I A B I L I T I E S 1^13,362 23,633,065 Federal Reserve notes LefOBite: 5,468,217 Member lank-reserve acct. lc,337j32o 7C8,2 •'285,744 62,1+66 U.S.Treasurer-general acct.1,027>^65 1/239,210 46,355 Foreign 7^-2,516 5,254 "~ 456,603 Other 52^,366 76^,512 1109,115 60,070 87,692 58,664 67,694 3,009 7,358 678,504 62,029 36,054 2,824 657,823 2526,379 55,^95 205,522 30,168 101,540 368 2,487 606,675 34,990 26,469 7,368 369,063 34,066 18,395 1,530 759,992 29,949 26,4&9 256 822,300 219,774 6,449,774 461,577 666,455 1272,059 163,460 210,807 779,411 208,763 743,8?4 2635,928 188,110 347,931 675,522 128,619 423,056 65,639 816,686 138,430 1,123 4,194 3 62 455 J j 533 Total deposits 16,631,677 Deferred availability items 2,433,109 Other liabilities including 15,207 accrued dividends 44,713,058. TOTAL LIABILITIES 208,805 Capital paid in 466,711 Surplus ^Section 7) 27,543 Surplus (Section 13b) 166,664 Other capital accounts TOTAL LIABILITIES ANI' 45,582,781 CAPTTAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 10,561 Comnitments to make 2,248 industrial loans 24,4C6,721 F.R. notes outstanding Collateral for F.R. notes held by F.R. Agents: 14,359,000 Gold certificates 39,303 Eligible paper 10,800,000 U.S. Govt, securities Discounts and advances Industrial loans U.S. Govt, securities Total 127,75^ 1,989 18,538,297 861 1,749 777 654 2,375 Dallas SexJran. 645,768 2357,709 809,391 1&79,452 66,146 4l,072 25,753 65,505 _ _ . 500 36^809 903,792 2022,838 124,504 175,295 636 :6S 2456,559 12,359,696 2699,061 3555,680 2585,795 2238,175 7701,336 1904,665 1102,823 1877,258 1674,700 4557,110 11,992 71,062 15,064 19,432 9,166 8,220 26,436 6,874 4,617 6,429 20,120 7,373 29,347 143,019 36,704 43,968 22,417 20,026 68,842 17,00.8 17,974 11,797 14,954 40,653 3,011 7,319 4,489 i,oc6 3,349 762 1,429 521 1,073 2,1-0 1,307 1,137 11,712 37,016 12,162 15,349 ll,ici 9,522 23,082 8,494 9,197 6,137 7,897 14,995 2512,621 12,618,112 2767,500 3635,635 2631,828 2276,707 7821,125 1939,231 1126,447 1911,270 1707,287 4635,018 845 518 380 264 38C 749 826 15 -54 500 5,617,905 1691,245 2148,426 1643,598 1362,268 4606,155 1136,642 625,544 -947,753 io4 682,336 2486,317 440,000 4,670,000 400,000 210,000 280,000 204.000 2000,000 8,677 7,115 2,080 3,8oo 5,500 800,000 450,000 70o,orio 665 2/3,337 1460,532 1100,000 972 750,000 1000,000 2,555 -- 670,C>00 9,176 1,000,000 1000,000 1150,000 1000,000 433 -,457 675,000 3060,000 -- -- 700,000 1600,000 ~- '4oo 500,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 6 months 1 to 2 61 to 91 days to 16 to 2 to 5 31 to to 1 year years 6 months years 90 days 60 days 30 days 3T10 9,205" 59,253 37F99 "5573FT 12 1 126 103 3 505 29 1,210 549,834 3,583,600 1,271,000 2,253,600 1,672,475 2,041,303 2,035,685 l/ After deducting $503,287,000 participations of ether Federal Reserve Banks. 2/ After deducting $7,224,000 participations of ether Federal Reserve Banks. Within 15 days 94o 370 800,000 Over 5 years 5,130,80c
@FedFRASER