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BOARD OF GOVERNORS OF1 THE FEDERAL RESERVE SYSTEM H.iul (For Immediate R e l e a s e ) J a n u a r y 7* 19U9 COIDITIOiT OF' THE FEDEFAL RESERVE BANKS D u r i n g t h e week ended J a n u a r y 5 member b a n k r e s e r v e b a l a n c e s i n c r e a s e d $ 1 3 7 * 0 0 0 , 0 0 0 . A d d i t i o n s t o member b a n k r e s e r v e s r e s u l t e d from, d e c r e a s e s of $ 3 3 2 , 0 0 0 , 0 0 0 i n T r e a s u r y d e p o s i t s w i t h F e d e r a l Reserve Banks, $17li,000,000 i n money i n c i r c u l a t i o n , and $ 7 * 0 0 0 , 0 0 0 i n T r e a s u r y c a s h a n d a n i n c r e a s e of $ 1 3 , 0 0 0 , 0 0 0 i n g o l d s t o c k , o f f s e t i n p a r t b y a d e c r e a s e of $ 3 8 6 , 0 0 0 , 0 0 0 i n R e s e r v e Bank c r e d i t a n d a n i n c r e a s e of $ 5 , 0 0 0 , 0 0 0 i n nonmember d e p o s i t s a n d o t h e r F e d e r a l Reserve a c c o u n t s . E x c e s s r e s e r v e s of member b a n k s on J a n u a r y 5 vrere 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 $ 1 , 0 5 0 , 0 0 0 , 0 0 0 . H o l d i n g s of l o a n s , d i s c o u n t s and a d v a n c e s d e c r e a s e d $ 2 6 , 0 0 0 , 0 0 0 a n d h o l d i n g s of U n i t e d S t a t e s Government s e c u r i t i e s d e c r e a s e d $ ^ 2 8 , 0 0 0 , 0 0 0 . The d e c r e a s e i n h o l d i n g s of U n i t e d 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 $ 2 7 0 , 0 0 0 , 0 0 0 e a c h i n b i l l s a n d n o t e s a n d of $ 9 i | , 0 0 0 , 0 0 0 i n b o n d s and a n i n c r e a s e of $ 2 0 6 , 0 0 0 , 0 0 0 i n c e r t i f i c a t e s . Changes i n member b a n k r e s e r v e b a l a n c e s a n d r e l a t e d i t e m s d u r i n g t h e week and t h e y e a r e n d e d J a n u a r y 5* 19^9* W Q r e a s f o l l o w s : Increase or decrease Since J a n u a r y 5* 19U9 December 2 9 , 19^ J a n u a r y 7* I9U8 ( I n m i l l i o n s of d o l l a r s ) 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 22,919 230 578 - T o t a l Reserve Bank c r e d i t Gold s t o c k Treasury currency 23,727 2i|,2li9 4,586 «. 386 + 13 + 1 + 1,u07 Member bank r e s e r v e b a l a n c e s Foney i n c i r c u l a t i o n Treasury cash T r e a s u r y 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 . a c c o u n t s 20,375 28,151 1,522 951 1,76a + +2 ,872 - 507 18 + 589 Hh 186 + + 1*28 26 67 137 17U 7 332 5 +1,256 + 65 + 106 n,U87 * 26 H#U»l(a) STATEMENT OF CONDITION OF THE" TWELVE FEDERAL REoEl-VE BANKS COMBINED (In thousands of dollars) Increase or decrease since Jan, 5 . I9l49 A S S B 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 II» 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 Dec. 29, 19U8 Jan*7, 19U8 + 20,002 1 +1,555,262 6U,U17 296,995 229,055 SUo + 20,001 + 32,115 - 25,792 11 +1.U70.8U5 6,552 + 65.7U2 588 5,196,616 6,278,66a 537,000 10,906,711 -269,790 +206,100 -269,550 - 9^.558 -5,700,219 + 27.96U - 951,950 +7,859.759 22,913,996 -U27.598 +1,255,55U 25,1118,891 U9 177,706 2,791,136 32,51*3 Hi 6,775 -U53.U01 +1,500,708 + 9,621 - 75,873 + 22 -__ 1,289 + + 1*9.569,97)4 -U68,311 +2,818,605 2U,o8%ooU -133,882 - 20,575,551 950,86U 672,388 1M.781 22.U93.36U 2.212J05 +137,087 -352,530 + 58,538 + 2,227 +2,872,576 + 583,665 + 187,250 29,17U -13U,67P -1U5.527 +5.U19.517 98.5U1 10,269 U8,80U,5U2 - 7,851 -U19.958 5,517 +2,752,210 201,780 U66.711 27.5U5 69,598 U9.569.97U + 622 + 18,522 + + - 68,017 -U68.811 + U1.9H +2,818,605 22.5U5.U32 650,61+9 22,976,081 U6 + 11,680 8.U00 658 5U, 026 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 ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAiL ACCOUNTS Ratio of gold certificate reserves to deposit and F.R# note liabilities combined Contingent liability on bills purchased for foreign correspondents Commitments to make industrial loans U9.3% 5,5ii5 1,652 .3% 15 U.U77 565,2U9 5,960 18,522 .1% 1,068 5.568 H.l*.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 5, I9U9 ( I n thousands of d o l l a r s ) ASSISTS Total c-oid c e r t i f i c a t e s 22,51*5,102 Redemption fund for F. R. notes Total gold c e r t i f i c a t e 630,61+9 Boston Cleve. Rich. 769,11+6 7,608,0211058,265 1517,755 969,352 5l+,026 New York 55,182 reserves 22,976,081 825,172 7,665,203 Other casn 296,995 51,597 1+1*,979 Discounts and advances 229,055 U+,118 73,655 I n d u s t r i a l loans P^O U. S. Govt, s e c u r i t i e s : ^ins 5,196,616 263,1+81+ 1,282,703 Certificates 6,278,669 1+55,152 1,1+87,982 "Note's 557,000 57,01*7 127,261* Bonds 10,906,711 752,1*32 2,581*,781 Phila. 60,212 75,51+0 57,738 Atlanta Chicago S t . L o u i s 937,9911+301,287 l+l+,l+08 106,1*21 Minn. Kans.Cy. 679,791+ 1+01,282 750,60k Uh.871 25.135 36.192 D a l l a s SanFran. 611,216271*0,721 26.711 1*6.363 1118,1+75 1593,095 1027,11+0 982,399 1+1+07,708 721+.665 l+2lt,l+17 786,796 657,927 2737,081+ 18,538 2i*,25l* 20,921+ 22,582 1*2,779 16,21*1* 12,112 10,1*81 ll*,9ll 37,791+ 18,1+1*1; 25,551 10,393 7,9^1+ 28,138 8,313 !+,806 13,1+59 3,1+35 16,751+ 771 69 355,983 1+79,289 355,607 278,606 775,1+23 280,856 168,251 251,51*9 22l*,780 1+27,691 579.0*8 1*03,072 556,618 936,881* 359,512 205,260 305,686 271,585 56,579 1+9,528 5l+,l+7i+ 28,790 80,129 29,021 17,381* 25,97!* 25,228 71+2,91+3 1005,957 700.178 58l*.7l*2 1627.1*67 58Q.1*20 355.083 527.536 li71.770 50i+,525 556,51+1 1*7,582 Q66.1i22 T o t a l U.EL.Government securities 22,918,996 11*86,115 5,1+82,750 1561,196 2115,81*2 11*71,551 1228,756 51+19,905 1258,589 71+1,958 1108,51*5 991,361 207U,670 25,H*8,89l 1500,255 5,556,585 1580,1*11 2157,595 11*81,798 1256,71*0 51+1+8,01*1 121*6,902 T o t a l loans and - securitieT Due from f o r e i g n banks u ^ w L f ^ r uncollected items Other^ets5 uther assets TOTALASSETS 1+9 3 177,706 2,791,156 7,1+07 198,1*58 } 2 / ^ 11+6,775 l / 16 1* 1* 2 2 7 2 1 19,515 7,812 1+58,11*1 165,980 io,055 270,91+1 55,155 216,563 Ht, 377 189,61+2 25,1*28 505,626 8,1+82 128,950 8,586 82,925 '57l» 3,191 1,9^+2 1,177 7,912 2i,55B a,302 1 18 5 ,8'°25 1Q.262 3^,527 ' , 71*6,761* 1122,001* 1000,7962091,1*21* 3 '°53 9.796 h QSl ' 15,560 2 '557 Q.231 1 It. 798 2 2 1* 9,826 11,076 199,1*1*8 152,727 22,209 21*5,752 2,580 756 1,658 UZ& 6*329 13*1*57 1+9,569,971+ 2572,117 15,781+,587 2902,069 1+051+.169 2795,355 21*55,228 81+52,318 2155,1*89 1280,778 2137,998 18ol*,52l+ 5197,31+2 l / A f t e r d e d u c t i n g $33,000 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.li.l(c) STATEMENT OF CONDITIO! OF THE FEDERAL RESERVE BANKS CN JANUARY 5, lgi*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. 5,51*2,375 l66o,36U 211*2,1*65 161*8,758 1526,325 1*590,283 111*0,962 631,356 9l*0,028 L I A B I L I T I E S Total Boston D a l l a s Sanff r an. F e d e r a l Reserve n o t e s 622,671 21*23,637 2l*,088,00l* 11*18,752 Deposits: aember b a n k - r e s e r v e a c c t . 2 0 , 5 7 5 , 5 5 1 81*8,1*81 6,705,061 91*1,61*5 11*71,751* 851*552 852,859 511*7,897 771*,915 1*95,550 959,1*15 958,627 2369,619 U . S . T r e a s u r e r - g e n e r a l a c c t . 950,8614 1*8,286 1*5,298 1*5,957 286,502 56,71*7 88,866 59,765 1*5,726 11*5,696 50,960 51,987 1*7,091* foreign 672,588 59,917 1/21*1,1*85 51,522 58,291 31,01*6 25,973 86,170 22,810 15,81*0 21,51*2 55,313 22,176 Other l+9l*,781 8,81*1 1,891 1,658 !*,-255 706 1*2,858 1,71*1 1*18,319 1,808 8,128 3,752 8&* Total deposits 22,1*93,36!* 956,076 7,61*9,365 1051,520 1627,019 926,095 921*,2oi 5581*,018 857,521* 565,268 1029,5)19 1029,161 2513,568 Deferred a v a i l a b i l i t y items 2,212,705 167,893 356,880 128,567 213,121* 178,365 171,21*8 571,761* 107,228 63,1*56 138,990 121*,378 191,011* 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 10,269 862 0x2 2,700 1*88 1*61* 519 577 1,057 357 1,755 1*55 395 TOTAL LIABILITIES l*8,80l*,5l*2 2523,21*0 13,551,520 281*0,828 5935,663 2753,858 21*22,262 83i*7,82o 2io6,l73 126o,i*i7 2109,022 I77o,6o3 5129,151 C a p i t a l paid i n 6,696 7,861* 18,876 6,981* 201,780 69,352 19,187 11,1*71 11*, 697 i*,l*75 3,71*5 25,519 7,9^ Surplus ( S e c t i o n 7) 36,701* 17,008 1*66,711 11*3,019 29,51*7 11,797 1*3,968 17,971* ll*,95l* 1*0,655 22,1*17 68,81*2 20,028 Surplus ( S e c t i o n 13b) 521 2,11*0 1,507 1,073 5,011 27,51*5 762 1,137 l*,i*89 1,1*29 7,319 5,31*9 1,006 Other c a p i t a l accounts 1*,120 6,51*2 8,708 5,796 It,262 3,016 5,01*8 5,351 3,81*7 69,593 1*,986 13,577 6,31*5 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*9,569,971* 2572,117 13,781*.587 2902,069 1*051*,169 2793,555 21*55,228 81*52,318 2135,1*89 1280,778 2137,998 180i*,52l* 5197*31*2 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 5,51*5 211 2/1,070 271 307 161* 12o 111* 291* 137 83 117 1*55 Commitments t o make i n d u s t r i a l loans 70 966 288 l t ^ 2 131 103 1*3 31 I . R, notes o u t s t a n d i n g 25,01*7,1*1*1 l!*95,502 5,718,887 1726,707 2230,239 1725,822 1389,1*38 1*71*1,286 1182,751 61*7,788 96!*,858 657,730 2566,1*03 C o l l a t e r a l for F. R. n o t e s held by F.R. A g e n t s : Gold c e r t i f i c a t e s 13,579,000 i*6o,ooo 1*,870,000 550,000 71*5,000 625,000 575,000 2765,000 315,000 210,000 280,000 181*,000 2000,000 E l i g i b l e paper 100 25,21*0 2,195 io,795 3,115 — 625 — — 1,500 6,835 75 U.S.Govt, s e c u r i t i e s 12,200,000 1100,000 1,000,000 1200,000 1500,000 1150,000 850,000 2000,000 950,000 1*50,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 16 t o 31 t o 6 months 1 to 2 2 to 5 Within 61 t o Over 91 days t o Total 90 days 15 days 30 days 60 days years to 1 year years 5 years 6 months Discounts and advances 75,71*0 229,055 1*1,555 13,775 97,985 I n d u s t r i a l loans 81*0 76 8 737 15 2 U.S. Govt, s e c u r i t i e s 3,Ji65,972 537,000 2,01*2,722 8,865,989 1,852,208 1,889*61*7 2 2 , 9 1 8 , 9 9 6 1,216,929 59^,960 2,1*55,569 l / A f t e r d e d u c t i n g $1*30,81*3,000 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. 2 / After deducting $2,273,000 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