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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H,2±.l (For Immediate R e l e a s e ) January 2 7 , 1949 CONDITION OF THE FEDERAL RESERVE BANKS During t h e week ended January 26 member bank r e s e r v e b a l a n c e s decreased $ 9 8 , 0 0 0 , 0 0 0 . 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 $331,000,000 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 $6,000,000 i n Treas ury cash and a d e c r e a s e of $39#000,CC0 i n Reserve Bank c r e d i t , offset, in p a r t by d e c r e a s e s of $156,000,000 i n money i n c i r c u l a t i o n and $118,000,000 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 accounts and an i n c r e a s e of $1**000,000 i n gold s t o c k . Excess r e s e r v e s of member banks on January 26 were e s t i m a t e d t o be a p p r o x i m a t e l y $920,000,000, 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 $217*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 decreased $78,000,600» The d e c r e a s e i n 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 r e f l e c t s d e c r e a s e s of $338,000,000 i n bonds and $142,000,000 i n n o t e s and i n c r e a s e s of $268,000,000 i n b i l l s and $3^*000,000 i n c e r t i f i c a 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 t h e week and t h e y e a r ended January 2 6 , 19^9* were a s f o l l o w s : Increase or decrease since January 26, 1949 January 19, 1949 January 28, i|4e (in millions of dollars) 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 22,039 459 4S2 + Total Reserve Bank c r e d i t Gold s t o c k Treasury currency 22,960 24,268 4,567 + + Member bank r e s e r v e b a l a n c e s Moiioy i n c i r c u l a t i o n l - . - o u r y C ash ra sury d e p o s i t s w i t h F* R# Banks Ko:omember d e p o s i t s and o t h e r F#R»acoounte' 20,035 27/561 1,333 1,135 1,751 + + 78 217 177 + 52 + 176 + 73 39 + 302 + 1,374 + 29 4 1 98 156 6 331 118 + 2,730 - 525 + 1 - 810 + 308 STATEMENT OF CONDITION OF THE T'iEVJE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) H.2+a(a) I n c r e a s e or decrease since A S SB T S Gold certificates Redemption fund for F. R« notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U# S. Govt, securities: Bills Certificates Notes Bonds Total Uc S. Government securities Total loans and securities Due from foreign banks F. R# notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS Jan* 2 8 , I9I4S Jan* 2 6 , 1949 Jan» 19, 1949 22,388,2+32 626,738 23/015,170 "371,1422 •458,301 859 • 20,002 448 «• 19,554 4,978,912 6,338,269 457,250 10,264,754 +268,532 + 33,500 - 142,000 -338,113 -5,025,1409 + 238.31U -li085;500 *5,725,155 22,039,185 - 78,281 + 52,560 227£9S;W +138,555 + 228,655 I46 8,008 1,617 663 17,539 1614,876 2,770,231; 32,303 1514,998 • U,975 •216,794 42 +1,1423,262 * 6h,3bh +1,358,918 9,100 + 177,237 •* 25,580 + -1410,699 35 • 16J4 + 1(9,007,397 -2614,066 +1,601,69^ 23,590,219 -1I46J421 - L I A B I L I T I E S • •• . „ • • »,,.!, , , . „ ! , , - • i ..I - I . . . . 568,866 Federal Reserve notes Deposits: Member bank-preserve account U*S•Treasurer-general account Foreign Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES 20,035,393 1,135,1457 679,789 I458,! .I48 22,309,087 2,308,181; - 97,118 +2,730,1471 +331,661 - 809,210 - 35,196 + 2714,011; - 93,388 23,588 +105,959 +2,171,687 -233,673 75,221 12,282 I48.2i9.772 * 1,297 -272,838 CA P I I A L ACCOUNTS Capital paid in ' Surplus ( S e c t i o n 7) Surplus ( S e c t i o n 13^) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 202,621 li66,711 27,5143 90,750 ^9,007,597 3142 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 foreign correspondent Commitments t o make i n d u s t r i a l loans * 6,1430 -2614,066 50.1?fff 3,273 1,686 3,974 +1,523,626 + + 5,720 18,522 + 53,826 +1,601,6914 1,2% 76 IB 178 5,35U H.U.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 2 6 , 191+9 ( i n thousands of d o l l a r s ) ASSETS Boston New York 22,588,1+52 Total 759,198 7,145,679 1115,051 151+6,608 980,944 991,910 1+598,1+05 668,191+ 459,714 626,758 55,757 Total gold c e r t i f i c a t e reserves 25,015,170 812,955 Gold c e r t i f i c a t e s Phila. Cleve. Rich. A t l a n t a Chicago S t . Louis Minn. Kans. Cy. D a l l a s SanFran. 824,1+57 667,61+5 285l+,6l+9 Redemption fund for F. R. notes Other cash 55,887 59,708 74,954 57,736 l+l+,l5l+ 106,007 44,741 25,076 56,094 7,197,566 1172,759 1621,562 1058,680 1056,044 1+504,412 712,955 462,790 860,551 26,605 1+6,059 694,21+8 2900,708 571,422 58,1+18 65,755 25,527 28,946 27,075 29,560 51,277 20,155 15,190 15,009 16,225 40,511 Discounts and advances 458,501 I n d u s t r i a l loans 859 .*• S. Govt, s e c u r i t i e s : Bills 4,978,912 14,549 21+0,000 17,455 796 54,135 12,356 65 8,015 67,047 18,945 4,i+C6 —- 12,250 8,169 21,256 312,945 1,195,223 359,151+ 1+59,209 519,652 266,955 71+2,958 269,070 161,185 2i+0,820 215,562 i+56,445 306,569 274,162 22,116 19,778 496,1+86 444,002 561,622 1+0,516 909,559 Certificates Notes Ponds 6,558,269 457,261+ 1,502,106 1+51,751 584,584 1+06,898 1+57,250 31,545 108,561+ 51,147 42,175 29,554 10,264,754 708,145 2,1+32,6J44 699,2il+ 946,729 658,966 559,815 945,778 24,514 68,229 550,52.1+ 1531,676 542,552 205,188 24,711 14,803 554,728 352,501 • T o t a l U.S.Government securities 22,059,185 1489*899 5,258,557 1501,266 2052,695 1414,850 1181,586 5288,621 1191,041 713,475 1065,991 953,504 1968,120 22,1+98,545 1504,21+8 5,1+78,557 1519,497 2c66,850 11+27,21+9 1189,599 5555,668 1209,986 961,1+75 1989,556 T o t a l loans and securities Due from f o r e i g n banks 1+9 5 F . R . n o t e s of o t h e r banks 164,876 5,855 Uncollected items 2 , 7 7 0 , 2 5 4 210,110 Bank premises 52,505 1,185 Other a s s e t s 154,998 10,730 TOTAL ASSETS l / 16 15,511 1+88,981 8,025 36,525 1+ 4 4,86l 8,1+00 167,846 281,976 5,047 4,854 10,524 14,1+82 2 i+2,565 2i+0,295 2,549 9,920 2 15,265 198,175 1,568 8,275 7 21,268 1+50,208 5,190 25,150 2 8,1+16 138,561+ 1,941 8,702 717,881 1078,221 1 10,876 74,521 1,177 i+,965 2 7,449 ll+6,121 2,580 7,286 2 6,829 ll+l,795 757 6,721 4 19,985 21+9,644 1,632 14,142 49,007,597 2585,484 15,288,290 2905,81+5 4027,054 2788,129 21+76,286 8589,160 2100,699 1287,599 2119,019 1828,050 5215,982 l/ A f t e r deducting $55,000 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* H.iul(c) L I A B I L I T I E S Total F e d e r a l Reserve n o t e s 23,590,219 Deposits s Member b a n k - r e s e r v e a c c t . 2 0 , 0 3 5 , 3 9 3 U . S . T r e a s u r e r - g e n e r a l a c c t j . , 135,2*57 Foreign 679,789 Other U58,UkQ Total d e p o s i t s 22,309,087 Deferred a v a i l a b i l i t y i t ems 2 , 3 08,182*. Other l i a b i l i t i e s i n c l u d i n g accrued dividends 12,282 TOTAL LIABILITIES 1,8,219,772 C a p i t a l paid i n 202,621 Surplus ( S e c t i o n 7) 1466,711 Surplus ( S e c t i o n 13b) 27,52*3 Other c a p i t a l accounts 90,750 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 2*9,007,397 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 3.273 Commitments t o make indus t r i a l s loans 1,686 F.R. n o t e s o u t s t a n d i n g 21,,688,025 C o l l a t e r a l for F.R. n o t e s held by F.R.Agentsj Gold c e r t i f i c a t e s 13,52*9.000 E l i g i b l e paper 213,1470 U.S.Govt, s e c u r i t i e s 12,150,000 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 Total 2*58,301 859 22,039,185 Boston 1383,170 STATEMENT OF CONDITION OF ThE FEDERAL RESERVE BANKS ON JANUARY 26, I9J+9 ( I n thousands of d o l l a r s ) New York Phila. Cleve, Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. 5,2*00,533 1627,526 2107,626 l6lo,ll*2 129I4,633 2*520,1481 1118,02*7 620,033 922,,578 8U8.9U0 6 , 5 0 ^ , 1 3 5 71,08ii 1145,217 [,2,6951/216,020 3,591 387.21*2 966,310 183,097 D a l l a s SanFran. 605,2702378,180 92*1,188 12*1*1,251 73,788 111,902 52*,216 62,31,9 1,718 7,lU3 828,755 59,0614 33,207 2,910 8i4.i1,778 3132,327 78,997 186,831 27,786 93,523 2,667 1,231 72*7,078 65,728 21,,595 5,660 1*78,133 87,2*96 16,92*3 1,816 7,252,6ll4 1070,910 1622,6145 392,871 12*1,983 222,9149 923,936 212,1407 95i,,228 32*16,912 192,731 32*2,051 81,3,061 108,639 58lt,388 101,6,092 1070-938 2557,003 61,519 117,752 122,371, 209,811 933,916 86,566 214,397 12J. \ 951,2*32* 2383,2*58 95,130 73,352* 23,720 6o,338 >,(> 39,853 82,2 578 5,758 659 1,320 725 561, 1,92*7 521 375 2,80 533 2533,155 13,0149,776 281,1,058 395it,5UO 27U7.210 2l4l42,156 3281,391 2070,268 1266,315 2088 ..voy 1799=165 511*5,836 19,22*6 11,1488 69,600 i*,5ci* Hi. 772 8,815 7,905 18,892 25,598 6,709 7,967 7,125 1*3,968 20,028 17,971* 36,7Cl4 22,1,17 29,32*7 Hi3»oi9 114,952* 240,653 11,797 68,81,2 17,003 762 521 1,006 1,073 3,011 U.U89 1,307 2,11,0 3.3U9 7,319 1,1*29 i,i37 8,2914 6,822 3,710 5,227 5,373 6,1,83 14,719 8,l46l 6,338 18,576 11,900 2*, 81,7 2583,2*81* 13,288,290 2903,81*5 2*027,05!* 2788,129 21,76,286 8389,160 2100,699 1287,399 2119,019 1828,050 5215,982 206 70 12,73,22,6 2 / 1,032* 262 160 82 118 — 115 966 126 281 28 — 5,618,155 1711,318 2206.768 1681,900 1365,270 14688,9214 1163,538 — 61*1,601* — 953,169 — 100 6245,799 2538,332* 210,000 280 ,000 5,.,8C5 700,,000 182*,000 2100,000 ~ 5,550 500,000 800,000 132* 2*52 li,770,000 550,000 72*5, 000 625,000 575,000 2735,,000 315,000 3,700 12,600 — 182*,155 3.,335 1,000,000 1200 ,000 1500, 000 1100,000 850,000 2000,,000 950,000 I'iATURITY DISTRIBUTION OF LOANS AND SECURITIES 91 days t o 61 t o 6 months Within 16 t o 31 t o 15 days 30 days 60 days 90 days 6 months t o 1 year 287,822 92,360 — — 2,850 75.269 761* — -2 70 2726,282, 3397,072 12,014,001 996,1*92 826,685 1966,6k 7 l / A f t e r d e d u c t i n g $U6j,5^6,000 p a r t i c i p a t i o n s of other F e d e r a l 2 / After deducting $2,239,000 p a r t i c i p a t i o n s of other F e d e r a l 1*60,000 3,2145 1100,000 29I 118 301 1450,000 115 1 to 2 2 to 5 Over years years 5 y«ars — — 8 15 2*57,250 :1979,512 8,285,2142 Reserve Banks* Reserve Banks.
@FedFRASER