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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.U.I
(For Immediate R e l e a s e )
February 1 7 , 1949
CONDITION OF THE FEDERAL RESERVE BANKS
During the week ended February 1 6 , member bank r e s e r v e balances decreased
$150,000,000. Reductions i n member bank r e s e r v e s r e s u l t e d from i n c r e a s e s of
^324,000,000 i n Treasury d e p o s i t s w i t h F e d e r a l Reserve Banks and 12,000,000 i n n o n member 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 , o f f s e t i n p a r t by i n c r e a s e s of
i90,000,000 i n Reserve Bank c r e d i t and '5• 000,000 i n gold s t o c k and decreases of
7 7 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n and )!+,000,000 i n Treasury cash f Excess
r e s e r v e s of member banks on February l 6 were e s t i m a t e d t o be approximately
•)5U0,000,000.
Holdings of l o a n s , d i s c o u n t s and advances decreased 013,000,000 and of
United S t a t e s Government s e c u r i t i e s )lif 9 000,000* The decrease in holdings of
United states Government securities reflects decreases of )112,000,000 in bonds,
117,000,000 in b i l l s and 19,000,000 in notes, and an increase of 191,000,000 in
certificates.
Changes in member bank reserve balances and related items during the week
and the year ended February 16, 1949* were as follows:
Increase or de crease
since
February 16,
1949
Februarv 9,
1949
February 18,
1949
(In millions of dollars)
U. S. Government securities
Loans, discounts and advances
Other Reserve Bank credit
22,303
239
384
- 47
- 13
+150
+1,360
60
- 155
Total Reserve Bank credit
Gold stock
Treasury currency
22,926
24,284
4,586
+ 90
* 5
- l
+1.14U
+1,303
+ 29
Member bank reserve balances
Money in circulation
Treasury cash
Treasury deposits with F.R. Banks
Nonmember deposits and other F,R* accounts
19,447
27,480
1,323
1,754
1,792
-150
- 77
+2,697
- 573
12
+ 29
+ 335
- h
+324
+ 2
H.U.l(a)
STATEMENT OF CONpITION
OF THS ffiSLVB FEDERAL RESBKVE BANKS COMBINED
(In thousands o f d o l l a r s )
Increase or decrease
since
Feb. 16,
A S S E T S
Gold c e r t i f i c a t e s
Redemption fund f o r F, R. notes
Total gold c e r t i f i c a t e reserves
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 t
Bills
Certificates
Notes
Bonds
Total U, S. Government
securities
Total loans and s e c u r i t i e s
Due from foreign banks
"~"
F. R, notes of other 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
Federal Reserve notes
Deposits:
Member bank-reserve account
U.S.Treasurer-general account
• Foreign
Other
Total deposits
Defsi red a v a i l a b i l i t y items
Othsi l i a b i l i t i e s including accrued
div? dends
TOTAL LIABILITIES
CAPITAL
ACCOUNTS
Capital paid i n
Surplus (Section 7)
Surplus (Section 13b)
Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
Ratio of gold c e r t i f i c a t e reserves
t o deposit and F. R. note
l i a b i l i t i e s combined
Con4;in{;ent l i a b i l i t y on acceptances purchased
for f o r e i g n correspondents
Commitments t o make i n d u s t r i a l loans
_i2ki
22,la8,U30
_6S01kZL
23.038,907
238,006
787
5,270,iil7
6,659.269
380,550
Q.QQ2.Q37
Feb. 18 #
19U6
Feb. 9 .
I9t*9
•
•
«.
2.902
2,903
17,183
13.11*9
17
•1,382,260
61 f 978
•1,320,282
•
6,089
•
57.251
3.371
- 16,621* - i i , 088,186
• 91,000 +2.3iU,336
- 9,000 - 1 , 2 7 2 , 9 5 0
-112.188 •U,Uo6.9i2
22,303,173
- U6,812
+1,360,112
22,5^1,966
- 59,978
+
I»299.1i90
5,813
+801,206
•
2,216
U9
135.2U1
3,133.535
32,251;
169.566
U9.U25.762
U6
- 135.3U9
7
661
_i.J>*22JL •
2U.037
+75U.916 +2,516,058
23,U81,216
- 77,506 -
l9,Ui7»005
l,75U,U9U
728,569
-1U9.907
+32U,o6U
+ io,3U3
.-__8 J ML
+175,639
+650,836
22,378,622
2,7U9,H0
_JLUQ21_
U8,619,969
203,082
1*66,711
27,513
, 1Q8.U57
U9.U25.762
50.2fo
3.615
1.728
588.U53
+2,697,012
+ 29,065
• 307.6U7
.r- 29,528_
+3,ooU,l96
+ 19.U92
.219.. .-,
U.652.
+7U9.188 +2,U30,583
91
.5,637
+75U.916
+
+
+
61,127
+2,516,058
.2f.
.2fo
259
8
5,826
18,522
-
1,158
5.U91
STATEMENT OF CONDITION OF THE FEE'S RAL RESERVE BMKS ON FEBRUARY 16, 191+9
(In thousands of dollars)
ASSETS
Gold c e r t i f i c a t e s
Redemption fund far
F. R. notes
Total gold c e r t i f i c a t e
reserves
Other cash
Discounts and advances
Industrial loans
U. S« Govt, securities:
Bills
Certificates
Notes
Bonds
Total
Boston
22,1+18,1+50
790,615
620,1+77
55,1+26
23,058.907
57l4,2l+l+
238,006
787
5,270,1+17
6,659,269
580,550
9,992,957
New York
Cleve,
Rich.
7,127,891 1098,959 1606,1+98
996,119
987,672 1+559,255
55,587
1+5,81+5 105,560
52,555
Phila.
59,182
7l+,578
Atlanta
Chicago S t . Louis
8l+!+,ol+i 7,180,1+1+6 1158,121 l68l,076 105L506 1031,517 l+W+,815
59,259
15,805
61+, 503
71,732
551,393 l,261+,308
1+59,1+10 1,573,180
26,255
90,187
689,595 2,368,226
2l+,015
18,1+50
719
5^,975
26,1+31+
21+.855
16,361+
68
25,61+5
7,1+23
55,232
50,533
359,009 1+86,095 338,51+6 232,560 786,1+36
1+55,616 6il+,i91 1+27,505 557,021+ 993,676
25,922
55,098
2l+,l+50
20,1+02
56,785
680,699 921,659 61+1,517 535,751 11+91,116
Minn. Kar-tS.Cy,
687.116 1+56,580
!+l+,622
735,701
25,022
55,997
751,758
1+79,602
819,698
18,817
9,257
ll+,003
5,098
15,21+1+
16,11+7
23i+,82l+ 170,620
559,880 215,530
20,566
12,520
5I+0,038 525,501
Dallas
SanFran.
662,29!+ 2881,752
26,500
1+5,805
688,791+ 2927.555
11+,1+35
7,061+
1+5,1+11
15,919
25!+,920 227,971 1+83,955
322,096 288,01+6 590,065
18,1+06
i6,l+6l
55,720
I+85,558 1+52,21+5 885,1+51+
Total U.S.Government
securities
22,505,175 1506,1+1+9 5,500,901 1519,21+6 2057,01+5 11+51,798 1195,757 5528,015
1205,508
722,021 1078,760
961+,723 1993,171+
Total loans and
securities
22,51+1,966 1520,251+ 5,372,633 1538,1+15 2083,1+77 H+l+8,230 1203,160 3558,51+6
l2ll+,5i+5
727,119 109l+,907
971,737 2009,095
Due from foreign banks
k9
F.R.notes of other banks
155,21+1
Uncollected items
5,155,555
Bank premises
52,251+
Other assets
169,566
TOTAL ASSETS
3
7,211
231,609
1,180
11,857
1 / 16
15,502
552,978
8,005
59,765
1+
1+
2
2
7
5,606
6,225
57,057
15,621+ 11+ ,582
20l+,i08 350,381+ 21+6,1+57 226,195 51+0,255
3,01+7
1+.81+9
2,51+9
1,568
3,185
11,165
15,795
10,91+8
9,086
25,121+
2
6,1+67
151,029
1,938
9,1+85
2
1
2
6,01+7
6,506
l+,876
82,61+1+ 11+9,055 162,691
1,17k
2,571+
755
5,1+01+
8,096
7,577
1+
Il+,138
276,150
1,652
15,1+3^
1+9,1+25,762 2655,391+ 13,231,1+1+8 29l+l+,l+Sl 1+156,783 2821,581+ 2510,797 81+1+1,51+1+ 2111+.021 1516,255 2092,252 1851,956 5239,1+69
l / After deducting $53,000 p a r t i c i p a t i o n s of other Federal Reserve 3anks«
STAT55MSNT OF CONDITION OF THE FEDERAL RESERVE BANKS OF FEBRUARY
H,lul(c)
( I n thousands of d o l l a r s )
L I A B I L I T I E S
Boston
New York
PhiJa.
Cleve.
R i c h . A t l a n t a Chicago S t . L o u i s
Total
F e d e r a l Reserve notes
2 3 , ^ 8 1 , 2 1 6 1380,865 5 , 3 ^ , 9 8 2 1627,681 2099,282 159l>735 1286,398 U508,387 1110,383
Deposits:
Member b a n k - r e s e r v e a c c t . I9,l|l47,005 825,931 6 , 1 6 1 I , 8 1 I 7 893,821 11422,60^ 837,301* 852,721 3019,160 736,901*
U . S . T r e a s u r e r - g e n e r a l a c c t . l,75l±fU9l* 132,505
3ii5,768 130,018 195,550
eh,131
83,1470 253,799 79,058
57*880
66,562
35,1*52
29,66!* 99,81*3 26,ol*6
1*5,581 1 / 2 3 3 , 6 6 1
Foreign
728,569
1,538
5,828
5,082
3,110
381,392
1,61*8
1*,259
Other
Uk8,55h
hA%
Total deposits
22~yj6,^2 1007,127 7,125,668 1083,257 I690,5hk 961,521 967,503 3377,061 81*7,090
Deferred a v a i l a b i l i t y items 2 , 7 l i 9 , l l O 215,311*
1*95,103 163,320 291,537 225,578 221,2i*o 1*1*3,652 121*,685
Other l i a b i l i t i e s i n c l u d i n g
accrued dividends
11,021
620
1*92
i,76o
1*1*5
2,852
638
655
1,275
TOTAL LIABILITIES
16; 191:9
Minn. Kans.Cy.
618,062 920,560
Dallas
598,566
SanFran.
237^,315
1*75,1*11 900,863
115,1*61* 83,051
18,088
26,oi*6
3,230
1,791
9l*3,U7l* 2 3 7 3 , U 6 5
107,313
ll*l*,367
25,323
61*,1*23
36,008
531*
610,751* 1013,190 1076,6UU
65,l*o6 127,031* 11*6,1*72
351
1*50
2618,263
221*, 269
1,022
l*6i
[48,619,969 2603,91*1* 12,988,605 2880,1*33 1*082,638 2779,1*5!* 21*75,633 8330,86o 2082,603 129!*,573 2061,231+ 1822,l!*3
203,082
11,1*77
69,638
H*,829
19,199
3,869
8,017
25,706
6,738
l*,52l*
7.168
8,023
1*3,968
22,1*17
20,028
68,81*2
17,971*
11,797
17,008
lU,95U
29,51*7
li*3,019
36,70l*
1*66,711
3,011
7,319
l+.li89
1,006
3,31*9
762
1,1*29
521
1,073
1,137
1,307
27,5143
7,615
22,867
8,01*6
9,972
7,1*95
6,357
11*.507
6,185
1*,286
5,7_05_
5,509
108,1457
5217,869
18,891*
1*0,653
2,11*0
9,913
1*9,1*25,762 2655,39k 13,231,1*1*8 29l*l*,l*81 1*156,783 2821,581* 2510,797 81*1*1,31*1* 21il*,o21 1316,253 2092,252 1851,936
Contingent l i a b i l i t y on
acceptances purchased
127
130
130
for f o r e i g n c o r r e s p o n d e n t s
11*8
90
289
3,615
228
2 / 1,11*2
177
1*99
333
Commitments t o make i n d u s t r i a l
loans
kh
—
179
956
11*2
288
22
—
—
—
—
1,728
F.R. notes o u t s t a n d i n g
2l*,375,171 11*52,652 5,556,578 1688,1*55 2189,285 161*9,720 131*3,733 1*636,516 1152,791 636,037 91*6,129 633,220
C o l l a t e r a l for F # R # n o t e s
held by FVft# Agent s i
Gold c e r t i f i c a t e s
13,36^,000 1*1*0,000 1*,770,000 550,000 71*5,000 625,000 575,000 2670,000 315,000 210,000 280,000 181*, 000
9,910
B l i g i b l e paper
i|6,l67
767
2,890
16,635
1*,590
—
7,875
3,000
U..S # (xovt. s e c u r i t i e s
12,100,000 1100,000 1,000,000 1200,000 1500,000 1050,000 850,000 2000,000 950,000 1*50,000 700,000 500,000
5289,1*69
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 L I A B I L I T I E S AND
CAPITAL ACCOUNTS
Total
Discounts and advances
I n d u s t r i a l loans
U. S, Gqsvt. s e c u r i t i e s
238,006
787
22r303,173
Within
15 days
220,1*1*0
687
2,351,1*09
1/
y
MATURITY DISTRIBUTION OF LOANS AND SECURITIES
2 to 5
6 months
31 t o
6l t o
91 days t o
1 to 2
years
t o 1 year
60 days
90 days
6 months
years
1*,917
1,1*11*
ll,*235
2
1*
75
15
1,861*,1*63
990,01*8
1,799,981 1. ;ll*l*, 779
3,518,932
2,226,897
380,550
After deducting $l*9l*,87li.,000 participations of other Federal Reserve Banks.
After deducting
$2,1*73,000 participations of other Federal Reserve Banks.
16 t o
30 days
322
97
21*90,055
2000,000
500
800,000
Over
5 years
8,026,111*
@FedFRASER