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BOARD OF GOVERNORS OF THE FEDERAL RESERW, SYSTEM (For Immediate R e l e a s e ) Hvlwl February 2l\f 19^9 CONDITION, OF THE...EEOBRAL RESERVE BANKS During the week ended February 23 member bank r e s e r v e balances decreased 56,000,000^ 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 171,000,000 i n money i n c i r c u l a t i o n , - )22, 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 , and ^3,000,000 i n Treasury cash and a decrease of )79,000,000 i n Reserve Bank c r e d i t o f f s e t i n p a r t by a decrease of 5163,000,000 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 an i n c r e a s e of )6,000,000 i n gold stock* Excess r e s e r v e s of member banks on February 23 were e s t i m a t e d t o be approximately 5620,000,000, Holdings of l o a n s , d i s c o u n t s and advances i n c r e a s e d )65,000,0O0 and of United S t a t e s Government s e c u r i t i e s 155,000,000* The i n c r e a s e i n holdings of United S t a t e s Government s e c u r i t i e s r e f l e c t s i n c r e a s e s of )93»000,000 i n c e r t i f i c a t e s and )35,000,000 i n b i l l s and decreases of )71,000,000 i n bonds and )2,000,000 in notes• Changes i n member bank r e s e r v e balances and r e l a t e d items during the week and the y e a r ended February 2 3 , 19U9, were as f o l l o w s : Increase or decrease since February 23, 191+9 February 16,1 191L9 'P 11' i February 25, 19l£ i (In millions of doll.ars) U*' S^ Government s e c u r i t i e s Loans, d i s c o u n t s and advances Other Reserve Bank c r e d i t 22,358 301+ 185 + 55 + 65 -199 +1.321+ + 21 -• 205 T o t a l Reserve Bank c r e d i t Gold s t o c k Treasury currency 22,81+7 2i+,290 14,586 - 79 + 6 +1,11+0 +1,262 + 29 Member bank r e s e r v e b a l a n c e s Money i n c i r c u l a t i o n Treasury cash Treasury d e p o s i t s w i t h F.R* Banks Nonmember d e p o s i t s and o t h e r F«R«*accounts ;s 19, Ua 27,551 1,326 1,591 1,8 li+ - 6 + 71 + 3 -163 + 22 +2,6142 - 503 65 + 356 H.l*.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n t h o u s a n d s of d o l l a r s ) I n c r e a s e or d e c r e a s e since A S S E T S 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 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. R, n o t e s of other banks U n c o l l e c t e d 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 notes 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 a c c r u e d dividends TOTAL 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 accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS R a t i o of gold c e r t i f i c a t e r e s e r v e s t o d e p o s i t 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 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 Commitments t o make i n d u s t r i a l loans Feb. 23, 19^9 Feb. 16, 19^9 Feb. 25, 19U8 22,1*28,1*32 _ 61Z,JL88 "23,6U 5,620 355,250 303,057 780 + 10,002 +1,332,262 -_ 62,861 +1,269^0! 12,630 + 23,908 3,573 5,305,910 6,751,769 379,050 .._9,92l,76g„ _-_Ji289 + 6,713 - 18,99** + 65,051 7 + 35.U93 -3,976,9U3 +2,389,686 -1,31*2,800 +ii,25li,7l2 • 92,500 - 1,500 22,358,1*91 + 55,318 +1,32U,655 22,662,328 U9 125,1*1*9 2,31*0,659 32,235 17U,732 +120,362 - 9,792 -792,876 19 + 5,166 +1,31*1*, 990 1*6 1,1*56 - 1*55,699 656 + 21*, 500 1*8,736,322 -689,1*1*0 +2,168,1*01* 23,527,511 +1*6,295 - 19,1*1*0,860 1,591,108 750,266 1*1*3,172 22,225,1*06 2,156,01*3 - 6,11*5 -163,386 + 21,697 -153,216 -593,067 +2,61*1,570 61*, 867 + 301,505 9,183 +2,869,025 - 250,331 15.303 1*7,921*,263" +„iu282 -695,706 +2,080,366" 203,339 U66,7H 27,5^3 llii,Ii66 1*8,736,322' • 50.1*95 3,508 1.61*3 257 — — 537,981* 3hL. + + 5,955 18,522 63,561 • 6,009 + -689,1*1*0 "+2,168,1*61*" •2fo •/" 107 85 1,U79 6,267 H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 2 5 , 191+9 ( I n thousands of d o l l a r s ) A S S E T S Total Boston 22,428,432 786,919 6i7,l88 55,257 Total gold c e r t i f i c a t e reserves 23,045,620 840,176 Gold c e r t i f i c a t e s New York Phila. Cleve. Rich. 7,115,945 1139,998 1635,082 990,795 Atlanta Chicago S t . Louis 974,020 1+405,570 Minn. Kans.Cy. 661,681 452,771 799,225 D a l l a s SanFran. 648,519 2820,107 Redemption fund f o r F. R. notes other cash 51,805 58,894 74,534 54,123 45,673 105,499 1+4,537 22,984 35,94l 7,167,748 1198,892 1707,4l6 101+4,918 1017,693 4510,869 706,218 475,755 835,166 26,1+95 45,61+8 675,014 2865,755 355,250 36,875 62,805 23,596 51,475 22,744 24,716 51,274 18,954 14,679 12,321 14,246 41,787 Discounts and advances 303,^57 I n d u s t r i a l loans 78O U. S. Govt, s e c u r i t i e s j Bills 5,305,910 15,955 81,597 28,170 715 24,421+ 22,889 65 12,921 38,255 12,452 7,751 27,472 15,064 18,169 355,619 1,265,665 361,426 489,368 540,624 284,465 791,753 286,742 171,769 256,657 229,506 476,360 465,790 26,150 634,433 1,600,102 39,351 2,551,558 459,917 25,820 675,851 622,725 34,960 915,094 453,444 361,985 1007,478 2l+,334 20,522 56,561 656,947 551,955 1480,496 564,880 20,484 536,192 218,575 12,271 321,197 526,569 18,554 479,396 292,047 16,596 429,166 598,261 53,587 879,147 Certificates Notes Bonds 6,751,769 579,050 9,921,762 Total U»S«Government securities 22,353,491 1550,042 5,504,954 1525,014 2062,145 1455,349 1198,703 3336,268 1208,293 723,812 1081,436 967,115 1987,355 Total loans and securities 22,662,328 1545,997 5,336,551 1551,899 2086,569 1458,505 1211,624 3374,501 1220,730 731,545 1108,908 980,179 2005,524 Due from f o r e i g n banks 49 5 l / lo 4 4 2 2 7 2 1 2 2 4 F.R.notes of other banks 125,1+1+9 Uncollected items 2,540,659 7,577 190,580 9,750 465,020 4,265 161,162 7,267 252,402 52,965 197,151 14,220 170,088 12,607 537,585 6,564 100,910 6,51+4 59,109 5,004 117,387 5,971 114,981 14,715 196,504 Bank premises other a s s e t s TOTAL ASSETS 32,255 1,180 8,005 5,042 4,849 2,542 1,567 3,185 1,933 1,174 2,374 755 1,626 174,732 12,002 4l,l79 11,450 16,226 11,560 9,544 25,875 9,729 5,562 8,517 7,787 15,903 48,736,522 2654,190 15,159,074 2954,110 4086,206 2769,965 21+49,254 3515,901 2065,025 1294,367 2089,479 1796,933 5 i 4 l , 8 l 3 l/ After deducting $33,000 participations of other Federal Reserve Banks,. iU.l(c) L I A B I L I T I E S F e d e r a l Reserve notes Boston Total 2 3 , 5 2 7 , 5 1 1 1389,59k STATEMENT OF CONDITION OF TIE FEDERAL RESERVE BAMS ON FEBRUARY 2 3 , I9U9 ( I n thousands of d o l l a r s ) New York Phila. Cleve. R i c h . A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. 5,376,620 I636,361i 2103,925 159it,k29 128li,910 1*518,181 1108,lil3 618,218 920,307 Dallas 599,k71 SanFran. 2377,079 I)enosits ? Member b a n k - r e s e r v e a c c t . 19,1*1*0,360 818,81*8 U . S . T r e a s u r e r - g e n e r a l a c c t . i t 5 9 1 , 1 0 8 135,962 Foreign 750,266 1*6,828 0ther 3,195 kk5,172 Total deposits 22,225,1*06 100l*,833 Deferred a v a i l a b i l i t y items 2 , 1 5 6 , Ok 3 187,15k Other l i a b i l i t i e s i n c l u d i n g accrued d i v i d e n d s 15,303 672 TOTAL LIABILITIES l*7,92k,263 2582,253 C a p i t a l paid i n ll,k80 203,339 Surplus ( S e c t i o n 7) 29,3k7 k66,711 Surplus ( S e c t i o n 13b) 27,5k3 3,011 Other c a p i t a l accounts 8,099 llk,k66 TOTAL LIABILITIES AND CAPITAL ACCOUNTS t*8773"6,J22"2S3tT, 190 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 3,508 221 Commitments t o make i n d u s t r i a l 36 loans l,6k3 F.R. n o t e s o u t s t a n d i n g 21*, 318,609 Ikk6,k92 C o l l a t e r a l for F.R. n o t e s held by F.R.Agentss Gold c e r t i f i c a t e s 13,23k,000 kkO,000 E l i g i b l e paper 5,0k0 90,030 U.S.Govt, s e c u r i t i e s 12,100,000 1100,000 Total Discounts and advances I n d u s t r i a l loans U.S.G0vt. s e c u r i t i e s 305,057 780 22,358,k9l 6,305,957 200,317 1/21*1,789 381,189 896,171 11419,097 138,597 181,756 59,k6k 68,383 5,506 h5&L 825,901* 78,1*62 36,1*22 1,717 8l*9,83k 3000,91*1 80,503 27k,02l4 30,1475 102,575 1,961 _3il87 715,955 82,717 26,759 5,211 k70,9kk 108,315 18,583 1,122 91k,585 85,851 26,759 _i93 917,096 2305,5k3 107,718 116,886 26,016 66,213 k2.3__._j6,279. 7,129,252 1096,815 1671*,7U2 382,827 155,718 231,1*06 9^2,505 189,86k 962,773 3380,727 165,505 303,577 830,622 93,712 599,561* 1027,388 1051,259 5^,309 109,959 115,5kk 252l*,926 166,1*68 512 579 2,021 516 _.__23_ 731 1,392 61*5 5J9_. 12,89k,895 2889,628 k o i l , l * 6 5 2727,1*1*3 21*13,767 82ol*,5o6 2033,263 1272,1*80 2058,166 1766,797 1_,_127_ 6,196 69,639 Ik3,0l9 7,319 21*, 202 15,159,07k lk,8k0 36,70k k,k89 8,kk9 'WftV 19,200 k3,968 1,006 10,567 8,883 22,1*17 3,3k9 7,873 8,022 20,028 762 6,675 25,765 68,Sk2 1,1*29 15,359 6,7k5 17,97k 521 6,522 k,526 11,797 1,073 k,k9l 7,17k 17,008 1,137 5,99k 8,108 Ik,95k 1,307 5,767 5069,600 18,957 ko,653 2,lk0 10,k68 >,l?05~2759,965 21*1*9/25^ 8 3 T 5 7 9 o r 2 W , o 2 5 129^,567 2o897k79 1796,953 ~ 5 1 k l , 3 1 8 126 88 126 123 312 107 956 lkk 281 22 5,53k,386 1690,979 2185,196 I6k2,3k0 13k2,5k2 k 6 2 l , 7 l o l l k 8 , 9 5 8 63k,985 9k2,65k 633,857 97 2l*9l*,5l0 2 / 1,108 281 323 172 lkk k8l* 1*,670,000 550,000 7k5,000 625,000 575,000 26k0,000 315,000 210,000 280,000 18k,000 2000,000 23,200 Ik,310 13,900 — u,xy? ?,i*uu 5,koo 21,235 — 2,750 6,195 1,000,000 1200,000 1500,000 1050,000 850,000 2000,000 950,000 k5o,ooo 700,000 500,000 800,000 MATURITY DISTRIBUTION CF LQAIIS AND SECURITIES ~6~ months Over 1 to 2 91 days t o 61 t o 16 t o Within 31 t o 2 to 5 5 years t o 1 year years 90 days 6 months 30 days 15 days years 60 days 195,030 k,880 101,330 3,817 72 2 683 1,11*6,591 1,600,326 379,050 l,86U,U63 1,282,31*2 2,315,897 2,297,k51 3.518,932 7>95U,939 l/ 2/ A f t e r d e d u c t i n g $508,i|17>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. A f t e r deducting $2,[|00,000 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 #
@FedFRASER