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BOARD OP GOVERNORS OF THE FEDB1AL RESERVE SYSTEM
H«,I>1
(For Immediate Release)
February 10, 19^9
CONDITION OF THE FEDERAL RESERW, BANKS
IXiring the week ended February 9t member bank r e s e r v e balances decreased
)ll!{.,000,000. Reductions i n member bank r e s e r v e s r e s u l t e d from an i n c r e a s e of
vll46,Q00,000 i n Treasury d e p o s i t s w i t h F e d e r a l Reserve Banks, o f f s e t i n p a r t by an
i n c r e a s e of )9»000,000 i n Reserve Bank c r e d i t and a decrease of ^26,000,000 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 a c c o u n t s • Excess r e s e r v e s of member banks
on February 9 were e s t i m a t e d t o be approximately 1570,000,000.
Holdings of l o a n s , d i s c o u n t s and advances decreased -U6,000,000, w h i l e
h o l d i n g s of United 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 Jl35>000,000# The i n c r e a s e i n h o l d i n g s of United S t a t u e Government s e c u r i t i e s teflecte
i n c r e a s e s of
^178,000,000 i n c e r t i f i c a t e s and 367 f 000,000 i n b i l l s and d e c r e a s e s of . $ 6 , 0 0 0 , 0 0 0
i n bonds and $25,000,000 i n n o t e s *
Changes i n member bank r e s e r v e b a l a n c e s and r e l a t e d items during the week
and t h e y e a r ended February 9> 19^9* were as f o l l o w s :
I n c r e a s e or decrease
since
February 9»
I9h9
February 2,
19U9
February 1 1 ,
19i48
(in millions of dollars)
U. S» Government securities
Loans, discounts and advances
Other Reserve Bank credit
22,350
Total Reserve Bank credit
Gold stock
Treasury currency
22,836
21+.279
i+,587
Member bank reserve balances
Money in circulation
Treasury cash
Treasury deposits with F.R. Banks
Nonmember deposits and other F.R* accounts
19,597
27,557
1,327
1,1+30
1,790
252
- 2<6
+135
+1,533
- 329
23k
- 79
-
•
9
-
1
+1,102+
+1,31+6
+ 28
-111+
+
1
+llj6
- 26
100
+2,560
- 632
+ 19
+ 22+3
+ 287
H.U.X(a)
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
( I n thousands of d o l l a r s )
Increase or decrease
since
ASSETS
Gold c e r t i f i c a t e s
Redemption fund for 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
U? S, Govt, s e c u r i t i e s :
Bills
Certificates
Notes
Bonds
T o t a l U» S, Government
securities
T o t a l loans and s e c u r i t i e s
Due from f o r e i g n banks
F # Rm notes of o t h e r banks
Uncollected items
Bank premises
Other a s s e t s
TOTAL ASSETS
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 account
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 accrued
dividends
TCIAL LIABILITIES
C A P I T A L
ACCOUNTS
C a p i t a l paid i n
Surplus ( S e c t i o n 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 ACCOUNTS
Feb. 9,
191*9
Feb. 11,
191*8
Feb, 2 ,
191*9
+1,1.10,261
~
66,952
+1,31*3,309
2*, 82*3
- 326,625
1,956
22,U8,lt31
623,579
23, d a , 8 id
557,061
251,155
80li
5,287, Ola
6,568,269
589,550
10.105.125.
+ 66,915 - a , 181,2*03
+178,550 +2,221,936
- 21^,700 -i,2o2*,950
H-U.,697.,lli7-
22,31*9,985
+15U, 656 +1,532,730
22,601,92*2*
1*9
12*1,052*
2,332,529
52,261
161;, 558
2*8,670,32*6
+ *8,66U
- 8,259
-290,567
+
3
+ 5,362
+l,20i*,ll*9
'2*6
+ 12,2*86
- 2324,596
658
_+ 21*,288
-218,077
+2,555,775
25,558,722
- 18,817 -
19,596,912
1,2*50,1*50
718,226
-111;,296
+11*6,555
- 15,105
- lUj.156
+ it, 9*76
-211,210
US1A15..
22,202,985
2,098,271*
10.902
1*7,870,781
202,991
1*66,711
27,51*3
102^820
2*8,670,81*6'
^__
115
155
- 13,51*5
- 1*5,922
50
625,626
+2,559,551
+ 22*5,825
+ 276,157
+3,032*, 688
- 132*, 771*
_+_
31... r.
5,757
-22li,96li +2,270,551
+
231*
+
+
5,832
18,522
+._6*65I ±
-218,077
58x§2P__
+2,553,775
Ratio of gold certificate reserves
t o deposit and F. R. note
l i a b i l i t i e s combined
Contingent l i a b i l i t y on acceptances purchased
for foreign correspondents.
Commitments t o make i n d u s t r i a l loans
50.2*%
3,356
1,736
'(ff
•3J/»
.1%
22*
69
-
'695
5,2*58
H.l+.l(b)
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 9 , 191+9
(In thousands of d o l l a r s )
ASSETS
Total
Gold c e r t i f i c a t e s
Boston
New York
Phila,
Cleve..
Rich.
22,1+18,1+31 779,36l 7,190,966 1089,1+65 1557,125
987,207
Atlanta
Chicago S t , Louis
992,231+1+31+9,552
Minn. Kans.Cy.
676,579
1+71,686
797,130
1^,670
23,01+7
56,039
D a l l a s SanFran.
656,9012869,725
Redemption fund f o r
F. R . notes
Total gold
623,379
55,569
53,179
59,1+39
7l+,7l+6
56,509
i+3,970
105,755
26,51+8
1+5,908
certificate
reserves
other cash
Discounts and advances
23,01+1,810
357,061
251,155
I n d u s t r i a l loans
80l+
U. S, Govt, s e c u r i t i e s :
Bills
5,287,01+1
Certificates
Notes
Bonds
6,568,269
389,550
10,105,125
855,^+50 7,2ljl+,ll+5 lll+8,90l+ 1631,871 ioi+5,7l6 1056,20!+ 1+1+55,307
58,866
li+,509
59,956
66,502
25,71+7
18,950
28,01+1
57,591+
739
320,255 1,268,21+7
560,11+2
25,855
18,85!+
27,771
7,623
51,822
30,383
788,917
721,21+9 l+9i+,733 833.169
18,291+
8,112
15,05!+
5,61+8
285,723
171,158
683,14+9 2915,633
12,011+
15,1+U7
15,811
10,061+
1+1,850
17,669
255,721+
228,690
1+97,715
317,693 28l+,lll
18,81+2
16,850
^88,765 1+37,097
582,001
3^,51?
895,395
65
1+87,628
539,1+13
283,1+51
1+53,132 l,556,6li+ l+itf,l+l8 605,797
26,371+
92,319
26,535
35,929
697,132 2,39l+,8ll+ 688,51+1 952,006
1+21,663
25,008
61+8,719
352,11+5 980,097
20,885
58,128
51+1,766 1507,856
35l+,963 212,635
21,052
12,611
51+6,101 527,133
Total U.S.Government
securities
T o t a l loans and
securities"
22,31+9,985 ll+97,371 5,3H,99l+ 1522,1+36 2061,360 ll+3l+,805 1198,21+7 533^,998
1207,839
723,537 1081,021+ 966,71+8 2009,628
22,601,91+1+ 1511,880 5,378,296 151+2,125 2098,951+ 11+53,722 1205,870 3365,381
1215,951
729,185 1096,1+71
1+9
•3
l / 16
F.R.notes of other banks ll+l,05i+
Uncollected items
2,352,329
Bank premises
32,261
other assets
l61+,558
6,099
180,1+61+
1,180
11,370
13,396
1+02,617
8,005
38,580
Due from f o r e i g n banks
TOTAL ASSETS
1+
1+
l+,00l
6,282
157,1+10 218,638
5,01+7
l+,853
10,931+
15,11+9
2
2
1+2,690
211,683
2,5i+9
10,650
15,1+68
177,871
1,568
8,830
7
15,731
358,807
3,185
2l+,307
2
6,327
109,017
1,938
9,268
1
5,853
62,137
1,17k
5,2?9
976,812 2027,297
2
2
l+,779
125,795
2,37l+
7,859
5,338
Hi+,775
756
7,070
1+
15,090
213,115
1,652
15,01+2
1+8,670,81+6 2583,292 13,11+5,011 2890,172 1+003,792 2790,867 21+73,581+ 8271+.51+7 : 2082,01+6.1313,3^6 2082.1+63 1802,015 5229,665
l / A f t e r d e d u c t i n g $53,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks.
HJi.l(o)
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
25,558,722 1586,819
Deposits s
Member b a n k - r e s e r v e a c c t . 19,596,912 820,827
U . S . T r e a s u r e r - g e n e r a l a c c t . 1,450,450 105,282
Foreign
718,226
44,906
Other
kblMb
5,007
Total deposits
22,202,985 97i+,022
Deferred a v a i l a b i l i t y items 2,098,274 170,780
Other l i a b i l i t i e s i n c l u d i n g
,JL
accrued d i v i d e n d s
10,802
-7571
TOTAL LIABILITIES
47,370,781 "2532,I92
Capital paid i n
202,991
11,1+76
S u r p l u s ( S e c t i o n 7)
1+66,711
29,51+7
Surplus ( S e c t i o n 13b)
27,51+3
5,011
Other c a p i t a l accounts
102^820
7,266
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
4 8 , 6 7 0 , 8 4 6 2583,292
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
3,556
?11
Ccamitiaents t o make i n d u s t r i a l
loans
1,756
55
F.R_ notes o u t s t a n d i n g
21+,1+91,255 l i i 6 l , 9 2 5
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?
Gold c e r t i f i c a t e s
15,564,000 1+1+0,000
E l i g i b l e paper
1+4,656
5,594
U.S.Govt, s e c u r i t i e s
12,150,000 1100,000
Discounts and advances
I n d u s t r i a l loans
U,S.Gov£, s e c u r i t i e s
Total
251,155
80l+
22,51+9,985
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 9 , 1949
( I n thousands of d o l l a r s )
New York
Phila.
Cieve.
Rich. A t l a n t a Chicago S t . L o u i s
Minn. Kans.Cy,
5,376,179 1627,572 2105,188 1605,229 1296,560 4515,805 1114,959
6,521,662
255,615
1/250,659
586,215
Dallas
SanFran.
2585,1+50
620,200
925,259
605,904
907,199
81,1+39
25,661
3,807
932,659 2555,091+
98,1+72
156,269
21+ .9I+8
63,1+71
_5I2_
58,31+5-
914,008 l42li,507
88,554 125,165
57,024
65,578
1,655
7,029
81+0,774
66,090
54,927
5,999
858,191 5001,479
80,522 254,U58
29,225
98,566
2,274
2,765
758,700
65,596
25,661
6,584
482,052
117,188
17,820
1,565
7 , l 7 l + , i 5 i 1061,219 162'0,079
550,1+05 137,21+9 205,759
9li5,790
199,U57
970,012 5557,068
171,869 510,565
854,51+1
101,151
618,605 1018,106 1056,1+31
52,725 107,885 111,751+
2595,179
180,877
2,81+2
691
1,11+5
621+
__52p_
1,762
491
599
1+92
1+17
12,905,555"2"82"6755i 5930",169 271+9,100 2I+T8,761 ~8l31,998 2050,942 1291,929 2051,71+2 1772,506
69,651
H+,819
19,259
8,81+8
7,999
25,677
6,721
i+,515
7,155
8,00l+
11+5,019
36,701+
1+3,968
22,1+17
20,028
68,81+2
17,97li
11,797
17,008
ll+,954
7,519
4,1+89
1,006
5,51+9
762
1,1+29
521
1,075
1,157
1,507
5.888
1+.081+
5.1+25 _ i , 2 k 2 .
21,487
7.629
9,590
7.153
6.051+
13.601
_ Bj85P_
_2'J
5158,556
18 t 891
1+0,655
2,11+0
9,623
13,11+5,011 2890,172 i+003,792 2790,867 21+75,581+ 827l+,547 2o82,ol+6 1513,396 2082,1+65 1802,015
5229,665
2 / 1,060
121
81+
121
118
299
—
159
956
155
29I+
22
5,57l+,751 1697,580 2195,1+80 1660,289 1351,687 1+61+9,903 1157,992
657,505
948,695
61+0,01+2
97
2517,1+04
210,000
1,517
1+50,000
280,000
9,210
700,000
184,000
268
309
161+
138
1+65
1+,770,000 550,000 7l+5,ooo 625,000 575,000 2670,000 515,000
11,1+55
5,090
—
9,865
1,875
1,000,000 1200,000 1500,000 1100,000 850,000 2000,000 950,000
MATURITY DISTRIBUTION OF LOANS AND SECURITIES
6 months
61 t o
Within
16 t o
51 t o
91 days t o
90 days
60 days
t o 1 year
15 days
50 days
6 months
I68,l+l4
76,265
5,019
1,1+57
2
707
4
72
1,295,817
1,827,61+5
1,988,059 1,177,51+2
5,4ll+,572
2,155,897
1 / A f t e r d e d u c t i n g $1+87,555,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l
2/ A f t e r d e d u c t i n g
$2,296,000 p a r t i c i p a t i o n s of other F e d e r a l
1 to 2
years
500,000
2 to 5
years
15
389,550 1,966,825
_.,.
Reserve B a nks.
Reserve B a nks«
2000,000
2,250
800,000
Over
5 years
8,158,302
@FedFRASER