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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)
HJ^.I
July 28, 1949
CONDITION OF THE FEDERAL RESERVE BANKS
During the week ended July 27 member bank reserve balances increased
$71,000,000. Additions to member bank reserves resulted from decreases of
$53,000,000 in nonmember deposits and other Federal Reserve accounts, $33,000,000
in money in circulation $3,000,000 in Treasury cash and $2,000,000 in Treasury
deposits with Federal Reserve Banks, and an increase of $2.^000,000 in gold stock,
offset in part by a decrease of $21,000,000 in Reserve Bank credit. Excess
reserves of member banks on July 27 were estimated to be approximately
$940,000,000«
Holdings of loans, discounts and advances increased $56,000,000 and of
United States Government securities $16,000,000. The increase in holdings of
United States Government securities reflects an increase of $67,000,000 in bills
and a decrease of $51,000,000 in certificates.
Changes in member bank reserve balances and related items during the
week and the year ended July 27* 194-9 were as follows:
Increase or decrease
since
July 27,
July 20,
July 28.
194A
1949
1949
("In millions of dollars)
U« S. Government securities
Loans, discounts and advances
Other Reserve Bank credit
18,1+90
Ul7
168
16
56
- 93
Total Reserve Bank credit
Gold stock
Treasury currency
19,075
21+ ,5 20
+
Member bank reserve balances
Money in circulation
Treasury cash
Treasury deposits with F. R« Banks
Nonmember deposits and other F. R* accounts
17,1+86
27,333
1,307
h>59k
1+1+7
1,617
-2 ,719
89
18
+
+
+
- 21
2
- 1
+
+
+
•
-
71
33
3
2
53
-2 ,61+8
850
31
_
1+8
- 1+88
«.
22
- 1 ,375
+ 160
H.k.l(a)
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
( i n thousands of d o l l a r s )
I n c r e a s e or decrease
since
July 27,
I9J-+9
ASSETS
Gold c e r t i f i c a t e s
Redemption fund for F . R# n o t e s
Total 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
Ut S . Govt* s e c u r i t i e s j
Bills
Certificates
Notes
Bonds
T o t a l IT, S« Government
securities
Total l o a n s and s e c u r i t i e s
Due from foreign banks
F« R. n o t e s of o t h e r hanks
U n c o l l e c t e d items
Bank premises
Other a s s e t s
TOTAL ASSETS
22,7 ll+, 1+31
570,829
23,285.265"
307.1*75
1.116,655
519
J u l y 20,
191+9
+
9,998
- 13,661+
-
3,666
+ 7,522
+ 56,389
1
July 28,
19lg
+
929,761
ia,3oi[
+ 8 8 8 , 1+57
+
27,91+0
+
89,921+
270
+ 66,500
- 50,500
-3,998,936
+1,663,093
-1,599,700
+1,216,279
18,1489,995
+ 16,000
-2,719,311+
18,907,169
+ 72,383
-2,629,660
121,, 926
2,231,003
32,63U
110,i|12
- 2,720
-31+9,077
28
+ 5,901;
+
179,521+
151
-
29,3l+5
kh, 998,928
-269,677
-1,929,530
23,2U3,36l
- 35,565
-
Ii81,987
hi,669
3,735,695
6,620,500
353,600
7,780,200
1+9
7.5U9
L I A B I L I T I E S
Federal 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 a c c r u e d
dividends
TOTAL LIABILITIES
17,1)85,926
1+1+6,736
1+67,197
li09,365
18,809,2217.
2,062,791
+ 70,71+2
-
- 2,020
- 58,953
+ 5,312
+ 15,081
-256,091
-1,375,01+8
+
90,026
88,315
-1,1+21,006
161,773
11,187
I7JT, 120,563"
+ 2,009
-27 i+, 566
3,1+31
-2,068,197
C A P I T A L
ACCOUNTS
Capital paid in
Surplus (Section 7)
Surplus ( S e c t i o n 13b)
Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
206,7i;0
li66,7ii
27,51+3
171,371
13+7998,928
R a t i o of g o l d 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. n o t e
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 correspondents
Commitments t o make i n d u s t r i a l loans
714+
+ l+,ll+5
-269,677
+
161
17
7,695
18,522
+ 112,1*50
-1,929,530
—
55.1+^
2,926
2,276
+
+
k»k%
*
1,350
l+,ll+3
H.l+.l(b)
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 2 7 , 191+9
(In thousands of d o l l a r s )
ASSETS
Total
Boston
22,7ll+,l+51
85l+,l!+9
570,829
51,275
Total gold c e r t i f i c a t e
reserves
25,285,260
885,1+22
Gold c e r t i f i c a t e s
New York
Phila..
Cleve,
Rich.
7,215,1*70 l l 8 o , i 6 6 1618,1+65 101+9,558
Atlanta
Chicago S t , L o u i s
997,170 1+1+00,255
695,505
Minn. Kans.Cy.
D a l l a s SanFran,
1+51,91+8 851,712
657,01!+ 2785,259
Redemption fund f o r
F. R. notes
other cash
1+7,814+
46,561+
71,799
1+9,265
1+1,705
90,880
1+5,725
7,261,514 1226,530 1690,261+ 1098,605 1058,875 14+91,115
759,250
22,651
55,565
1+71+.599 867,077
25,888
14+.Q72
682,902 2829,551
307,1+75
52,1+61+
5l+,78l
ll+,oo6
29,782
19,11+5
25,217
1+5,059
17,121
8,571+
15,663
11,061+
58,619
Discounts and advances
1+16,655
I n d u s t r i a l loans
519
U. S. Govt, s e c u r i t i e s :
Bills
5,735,695
7,981+
—
240,Ol+4
—
10,559
1*90
22,1+75
1
15,623
28
5,920
65,91+1
8,1+51
7,672
8,059
5,967
21,982
885,522
25l+,l+68
5*4*,547
259,820
200,282
557,1+50
201,881+
1,568,993 1+50,975
83,800
2l+,086
1,31+5,829 529,972
610,615
32,615
717,576
1+25,016 35l+,9l+5 987,891
22,700
18,958
52,765
1+99,1+66 1+17,119 1160,938
Certificates
Notes
Bonds
6,620,500
555,600
7,780,200
257,718
1+56,756
24,591+
556,71+0
120,957
180,688
161,587
351,012
557,785 2ll+,525
19,109
11,14+7
1+20,1+58 251,868
520,220
17,105
576,515
286,570
15,295
556,553
586,629
51,552
689,588
T o t a l U.S.Government
securities
T o t a l l o a n s and
securities
Due from f o r e i g n banks
18,1+89,995 1275,588
l+,58l,9I+I+1259,501 1705,551 1187,002
991,501+2759,022
999,256
598,577
894,524
799,7851658,361
18,907,169 1283,572
4 , 6 2 1 , 9 8 8 1270,550 1727,825 1202,655
997,224 2822,963 1007,687
606,249
902,383
803,752 1660,343
49
F.R.notes of other banks 124,926
Uncollected items
2,231,005
Bank premises
other assets
TOTAL ASSETS
5 l / l 6
8,l4l
167,757
4
4
2
2
7
2
1
2
2
4
15,758
595,187
7,051
146,964
6,859
205,270
15,490
l8l+,555
11,564
l4l,5H
14,830
555,295
8,925
15l+,675
7,452
69,045
9,127
126,561
3,826
114,616
16,143
196,193
52,654
1,152
7,982
5,Ol4
4,771
2,506
l,54l
5,181
l,?l6
1,159
2,545
110,412
7,587
25,595
7,186
lQ,74o
7,oo4
5,818
16,899
6,876
5,502
5_._lll.
757
2,550
4,778
9,516
44,998,928 2586,078 12,580,401 2675,285 5675,1+95 2529,756 2221,550 7745,527 1916,452 1170,579 1926,069 1621,677 4752,479
l/ After deducting $55,000 participations of other Federal Reserve Banks.
HJuKc)
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS ON JULY 2 7 , I9U9
( I n thousands of d o l l a r s )
Minn. Kans.Cy.
New
York
P
h
i
l
a
,
Cleve,
Rich. A t l a n t a Chicago S t . L o u i s
Total
Boston
23,21*3,361 1381*, 62 5 5,31*0,852 1607,509 2071,637 I52li.305 1277,195 1*1*88,195 1067,872 601,91*7 911,1*1*2
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 a c c t . 17,1*85,926 721*, I69
U.S.Treasurer-general acct.
1*1*6,736
27,25^
Foreign
1*67,197
28,898
Other
1*09,365
14,168
Total deposits
18,809,221*
Deferred a v a i l a b i l i t y i t e n s 2 , 0 6 2 , 7 9 1
Other l i a b i l i t i e s i n c l u d i n g
accrued dividends
11,187
TOTAL LIABILITIES
l*k> 126,563
Capital paid i n
206,71*0
Surplus ( S e c t i o n 7)
1*66,711
S u r p l u s ( S e c t i o n 13b)
27.51*3
Other c a p i t a l a c c o u n t s
171,371
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
1*1*,998,928
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 correspondents
2,926
Commitments t o make i n d u s t r i a l
loans
2,276
F.R. n o t e s o u t s t a n d i n g
21*,018,828
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. A g e n t s :
Gold c e r t i f i c a t e s
13,951*,000
E l i g i b l e paper
21*7,195
U.S. Govt, s e c u r i t i e s
11,275,000
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
1*16,655
519
18,1*89,995
Dallas
597,016
SanFran.
2370,766
5,868,023
, 57,937
1/153,390
31*3,822
801*, 219 1268,021* 720,058
23,9ii8
21,022
i l l , 359
1*2,201
36,696
22,1*76
3,709
3,976
1,913
703,502 2705,193
1*0,1*30
1*7,119
18,807
63,301
557
2,771*
625,1*27
1*1,261
16,513
1*,532
1*1*1,767
28,51*0
11,1*68
2,278
810,055
29,337
16,513
5,393
815,062 2000,1*27
1*0,076
1*8,1*53
1*0,879
16,055
761*
35,1*79
781*, 1*89
160,1*00
6,1*23,172
353,380
868,572 1335,223
130,01*9 185,395
785,806
172,821
763,296 2818,387
11*1,681 317,001
687,733
125,589
l*8l*,053
60,1*95
861,298
118,791*
880,331*
111,102
2116,861
186,081*
611*
3,960
1,078
522
391
321*
1*13
1*72
757
2330,128 12,121,361* 2606,651* 3593,333 21*83,1*51* 2182,660 7625,227 1881,585 111*6,819 1891,91*7 1588,921*
11,521
71,091
ll*,97l*
19,293
9,069
8,128
25,988
6,800
1*,553
7,25l*
8,281*
29,31*7
11*3,019
36,701*
1*3,968
22,1*17
20,028
68,81*2
17,971*
11,797
17,008
ll*,95l*
3,011
7,319
1*,1*89
1,006
3,31*9
762
1,1*29
521
1,073
1,137
1.307
12,071
37,608
12,1*61*
15,895
11,1*67
9,772
23,81*1
9,552
6,337
8,723
8,208
l*67a,i*68
19,735
1*0,653
2,11*0
15,1*33
2386,078 12,380,1*01 2675,285 3673,1*95 2529,756 2221,350 771*5,327 1916,1*32 1170,579 1926,069 1621,677
1*752,1*79
181*
60
11*1*0,211
521*
73
105
103
261
—
102
1,781
15
210
28
—
5,50I*, 108 1656,727 2139,250 1585,81*6 1330,81*7 1*563,068 1108,302
—
620,072
—
935,793
—
638,31*1
80
21*96,263
210,000
5,161*
1*50,000
280,000
1*,1*1*8
700,000
181*, 000
2100,000
13,056
800,000
231*
11*3
120
1,61*1*
105
2 / 925
269
1*88
1*01*
1*1*0,000 1*,670,000 750,000 900,000 625,000 675,000 2805,000 315,000
205,399
2,515
—
10,108
—
~
l*,8l*0
1,665
1,000,000
1000,000
1300,000
1025,000
700,000
1800,000
900,000
1100,000 :
MATURITY DISTRIBUTION OF LOANS AND SECURITIES
61 t o
6 months
16 t o
•Within
91 days t o
31 t o
90 days
t o 1 year
6 months
60 days
15 days
30 days
311,626
11,169
15,1*31
102
78,327
28
1*
7
1*63
693,1*28
69l*,l*35
1,588,570
2,609,1*62
725,200
1*,61*0,700
l / A f t e r d e d u c t i n g $313,751,000 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 / After deducting
$2,001,000 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
1 to 2
years
500,000
2 to 5
years
Over
5 years
2,090,200
5,1*1*8,000
17
Reserve Banks.
Reserve Banks,
@FedFRASER