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BOAE.D OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM R.k.I (For Immediate Release) December 29, 19^9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 28 member bank reserve balances decreased million. Reductions in member bank reserves resulted from a decrease of $129 million in Reserve Bank credit and increases of |5 million in Treasury cash and $16 million in nonmember deposits and other Federal Reserve accounts, offset in part by an increase of $3 million in Treasury currency and decreases of $68 million in money in circulation and $1+0 million in Treasury deposits with Federal Reserve Banks • Excess reserves of member banks on December 28 were estimated to be approximately $860 million• Holdings of loans, discounts and advances increased §lk million and of United States Government securities, §251 million. The increase in holdings of United States Government securities reflects increases of \'>ll\9 million in bills and 3108 million in certificates and a decrease of $6 million in bonds. Changes in member bank reserve balances and related items during the week and the year ended December 28, 19^9 wore as follows: Increase or decrease since Dec. 28, 19^9 Dec. 21, 19^9 Dec. 29. 19^8 (In millions of dollars) +251 U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 18,789 Ihh I4U6 Total Reserve.Bank credit Gold stock Treasury currency 19,379 2h,h2rj U,598 -129 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 16,299 27,765 1,31U 987 2,039 - 38 - 63 + 5 + iu -39U + 3 - ho + 16 -U,558 - 112 65 -h,73h + 191 + 13 -3,939 - 560 15 - 296 + 280 H.If.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Dec. 28, 19^9 A S S E T S Gold, certificates Redemption fund for F. R. notes Total gold certificate reserves Dec. 21, 1949 Dec. 29, 1948 22,622,429 553,792 23,176,221 1 1 + 296,999 76,858 + 220,141 Other cash 219,707 + 10,174 •45,175 Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities l4l,68o + Total loans and securities Due from' foreign banks F. R. notes of other banks Uncollected items Banks 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 end F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Commitments to make industrial loans 13,926 + 113,167 1,138 4,737,747 6,257,450 562,200 7,231,300 + 148,600 + 107,500 + 728,659 184,881 - 5,700 - 244,350 -3,769,769 18,788,697 + 250,400 -4,557,897 18,932,366 39 138,765 2,790,029 34,062 100,529 + 264,326 + 11,821 - 482,974 + 671 + 4,921 -4,669,926 10 29,320 76,985 + 1,741 47,533 45,391,718 - 191,063 -4,647,067 23,589,471 43,594 16,298,741 986,750 763,273 517,435 18,566,199 2,343,607 - 38,587 - 40,715 + 20,757 6,933 - 65,478 - 89,502 -3,939,503 - 296,644 + 149,423 + 24,881 16,722 44,515,999 + 1,515 - 197,059 1,3°^: -4,708,281 210,595 466,711 27,543 170,870 45,391,718 1,790 1,989 + 4,206 - 191,063 632,415 -4,o5l7B43 12,625 + 9M~ + 18,522 + ,33,251 -4,647,CoT 6.0^ 55. Of, 10,467 2,299 • 94 51 3,810 11.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 2 8 , 194? ( I n thousands of d o l l a r s ) A S S E T S Total Boston 22,622,429 872,104 553,792 51,4l8 23,176,221 923,522 Other cash 219,707 Discounts and advances l4l,680 I n d u s t r i a l loans 1,989 U. S. Govt, s e c u r i t i e s ; Bills 4,757,747 Certificates 6,257,450 Notes 562,200 Bonds 7,251,300 22,572 10,765 — 56,527 57,052 — 526,848 451,689 58,785 498,875 1,122,799 1,482,952 133,236 1,715,746 Gold c e r t i f i c a t e s Redemption fund for New York Phila. Cleve, Rich, Chicago S t . L o u i s D a l l a s SanFran. 420,517 749,251 82,957 42,929 22,538 54,766 7,458,550 1285,598 1667,1*49 1095,297 1028,772 4412,084 719,918 1442,855 785,997 28,391 10,552 — 16,017 2,787 — 4,696 9,588 51 10,885 7,952 11,511 2,455 27,607 8,185 254,005 706,955 555,481 955,717 50,141 85,890 387,691 1079,055 256,057 558,166 50,582 390,794 155,375 202,575 18,200 254,099 229,155 502,661 27,195 349,765 204,931 270,666 24,518 312.790 419,802 554,461 49,815 640,751 18,788,697 1296,195 4,452,755 1279,848 1732,900 1206,178 1007,518 2803,595 1015,579 608,247 908,772 812,705 1664,829 18,952,566 1306,960 4,489,765 1289,287 1752,170 1229,113 1010,198 2815,945 1018,166 617,886 916,724 815,158 1675,014 1 1 49,756 48,915 59,126 52,047 988,9214329,127 Minn. Kans.Cy. 676,989 F. R. notes 7 , 5 8 8 , 8 l 4 1254,485 l 6 0 8 , 5 2 5 1045,250 Atlanta 59,851 679,450 2651,220 27,142 42,567 T o t a l gold c e r t i f i c a t e reserves Total U.S.Government securities 11,176 7,605 1,854 16,568 19,269 1 17,096 22,852 105 522,726 456,967 426,244 577,151 58,296 51,852 492,582 666,950 504,149 ^01,709 56,092 464,228 17,065 2,880 — 706,592 2675,787 T o t a l loans and securities Due from f o r e i g n banks 39 F.R.notes of other banks Uncollected items Bank premises other a s s e t s TOTAL ASSETS 3 l/ 12 3 4 2 2 5 1 1 4 138,765 6,863 22,191 6,298 8,189 15,091 16,522 16,921 9 A-79 4,525 7,799 7,682 17,605 2,790,029 242,182 579,581 186,184 2^,404 24l,851 191,198 597,064 154,505 71,159 158,890 121,024 222,007 5^,062 100,529 1,129 6,970 7,899 23,465 2,987 6,490 5,ll4 9,226 2,470 6,584 1,525 5,580 5,617 15,198 1,959 6,619 1.146 5,155 2,525 U,776 720 4,525 3,195 8,565 451*91,718 2510,001 12,597,990 2785.825 5702,924 2607,284 2270,458 7687,225 1926,6144 1145,205 1865,593 1666,991 4625,782 l/ A f t e r d e d u c t i n g $27,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 28, 191+9 ( i n thousands of d o l l a r s ) New York Fhiia. Cleve. R i c h . A t l a n t a Chicago S t . L o u i s Minn. Kans.Cv. 5,1+31,625 161+3,011+ 2067,318 1594,244 1299,505 1+510,965 1095,781 612,291 919,375 H.l+.l(c) L I A B I L I T I E S Total Boston F e d e r a l Reserve n o t e s 23,589,1+71 11+11,781+ Deposits: Member b a n k - r e s e r v e a c c t . l 6 , 2 9 8 , 7 4 1 687,825 5,1+97,1^3 257,026 85,61+1+ U.S.Treasurer-general a c c t . 986,750 1+7,609 _l/2i+6,355 Foreign ' 763,273 4,394 Other 517,435 451,849 Total deposits 18,566,199 825,1+72 Deferred availability items 2,343,607 215,360 Other liabilities including accrued dividends 16,722 975 TOTAL LIABILITIES 44,515,999 Capital paid in 210,595 Surplus (Section 7) 466,711 Surplus (Section 13b) 27,543 Other capital accounts 170,670 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,391,718 Contingent liability on acceptances purchased for foreign correspondents 10,467 Commitments to make industrial loans 2,299 F.R. notes outstanding 24,396,150 Collateral for F.R. notes held by F.R. Agents: Geld certificates 14,359,000 Eligible paper 54,412 U.S. Govt, securities 10,800,000 Discounts and advances Industrial loans U.S. Govt, securities Total 141,680 1,989 18,788,697 765,01+6 1161,1+80 82,735 134,436 60,1+56 69,521+ 1,181 4,588 670,801+ 51,31+1 37,029 8,119 663,693 2505,873 62,973 113,320 30,981+ 10i+,287 733 2,277 6,1+52,373 909,^18 1370,028 1+1+8,530 163,671 103,533 767,293 198,521+ 758,383 2725,757 653,237 173,074 327,084 142,156 4,719 978 1,939 878 713 2,663 587,589 32,056 27,205 6,387 673 D a l l a s SanFran. 61+6,560 2357,009 721,81+3 38,1+07 27,205 273 789,278 1857,761+ 54,777 32,749 26,1+50 67,276 396 35,501 452,319 787,728 56,326 123,1+1+6 870,901 1993,290 116,035 195,868 390,1+03 1+1,286 18,893 1,737 501 562 714 1,407 2453,591 12,337,247 2717,081 3622,818 2560,939 2231,675 7566,469 1891,647 1121,437 1831,111 1634,210 4547,574 72,425 15,084 19,^32 9,213 8,448 20,072 12,001 8,2.4o 26,806 6,876 4,619 7,379 1^3,019 36,704 43,968 22,417 29,347 14,954 40,653 20,028 68,342 17,974 11,797 17,008 7,319 4,489 1,006 3,349 1,307 2,140 3,011 762 1,429 521 1,073 1,137 37,980 12,465 15,700 11,366 8,072 15,343 12,051 9,753 23,679 9,426 6,277 8,758 2510,001 12,597,990 2785,823 3702,924 2607,284 2270,458 7687,225 1926,644 1145,203 1865,393 1666,991 4625,782 659 2/3,308 837 963 513 429 1,444 377 262 366 377 932 1455,242 740 886 15 —54 500 5,602,109 1686,569 2148,427 1650,498 1364,084 4613,743 1136,654 623,881 948,896 104 685,293 2480,754 44o,coo 6,386 1100,000 4,670,000 750,000 1000,000 670,000 11,470 2,045 —18,926 1,000,000 1000,000 1150,000 1000,000 210,000 280,000 7,850 5,450 450,000 700,000 204,000 2000,OOo 2,000 500,000 800,000 675,000 3060,000 4co,ooo — —285 700,000 1600,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 31 to 6 months 91 days to 61 to 1 to 2 2 to 5 60 days 90 days 6 months to 1 year years years ! 49,460 13,955 7 5 126 505 4 29 12 102 2,253,600 603,500 1,278,000 1,583,975 3,608,100 2,329,010 l/ After deducting $516,899,000 participations of other Federal Reserve Banks. 2/ After deducting $7,159,000 participations of other Federal Reserve Banks. Within 15 days 71,357 1,211 2,007,412 16 to 30 days 6,897 Over 5 years 5,125,100
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