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BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.l+.l June 9 , 191+9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 8 , member bank r e s e r v e balances i n c r e a s e d $9^,000,000* A d d i t i o n s t o member bank r e s e r v e s r e s u l t e d from decreases of $2i|I|.,000,000 i n Treasury d e p o s i t s w i t h Federal Reserve Banks, $31,000,000 i n money i n c i r c u l a t i o n , and $6,000,000 i n Treasury cash, and an i n c r e a s e of $39,000,000 i n gold s t o c k , o f f s e t i n p a r t by a decrease of $189,000,000 i n Reserve Bank c r e d i t and an i n c r e a s e of | 3 7 , 0 0 0 , 0 0 0 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 * Excess r e s e r v e s of member banks on June 8 were e s t i m a t e d t o be approximately $950,000,000* Holdings of United S t a t e s Government s e c u r i t i e s decreased 1173,000,000, r e f l e c t i n g d e c r e a s e s of $77,000,000 i n b i l l s , $71,000,000 i n bonds, and 125,000,000 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 the week and t h e year ended June 8 , 19^9 were as f o l l o w s : I n c r e a s e or d e c r e a s e since June 8, June 1, June 9 , 1949 1949 1948 • (In im i l l i o n s of »HU !•• 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 19,594 158 Total Reserve Bank c r e d i t Gold s t o c k Treasury currency 19,956 24,381 4,596 -189 - + 39 +1,019 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 ilarmiember d e p o s i t s and o t h e r F* R» accounts 18,170 + 94 - 31 - 6 -244 + 37 20k 27,484 1,315 378 1,585 -173 - 1 - 15 + 1 + 755 155 89 999 36 +1,016 - 380 22 - 766 + 206 H.ii.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) Increasei or decrease since June 1, 19^9 June 8 , 192*9 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 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 c a s h 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 ! 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. notes 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 a c c o u n t 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 accrued dividends TOTAL LIABILITIES CAPITAL 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 a c c o u n t s 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 June 9 , 192*8 22,569,2*29 588,752 23,158,181 258,277 157.0U3 578 + 1*2*,998 - 2,92*6 + 2*2,052 + 8,209 1.757 2*1 +T,072,289 + 3,685 155,299 313 2*, 202,135 6,830,100 359,100 8,202,300 - 77,000 - 25,000 +2 , 52*0,593 - 71,300 - 1 ,583,700 +2 ,020,512* 19,593,635 -173,300 - 19,751,256 2*9 100,691 2,325,9^2 32,2*17 179,021 -175,098 + 9,82*6 - lit, 121 + 28 + 2,759 - "910,961 -2,686 176,686 151 + 5,1*02 145,80 5,83i+ -126,325 - 9,108 23,338,516 - 17,2*50 > 383,559 18,170,1+33 378,1+61 2i81.963 2*63,626 1971*91*71*83 2,121,528 + 9i*,399 -22*3,878 + 28,92*5 + 5,2*37 -115,097 + 390 + + +"~ - 13,82*5 2*2*, 968,372 + 1,186 -130,971 201*, 509 2*66,711 27.51*3 138,699 2*5,805,832* • 5k. 1% 2*. 915 2,2*01 — — i -_ -- 17 + 2*,629 -126,325 .3* 293 26 +1 .102*. 2 59 31,970 -3,732,756 755,32*9 +1 ,016,353 765,373 110,996 6,12*9 368,125 88,123 - z~ + + 3,209 106,766 6,515 18,522 — + __ 72,621 9,108 2.6^ 1,617 2*, 203 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 8 , 1949 ( I n thousands of d o l l a r s ) A S S E T S Total Boston 22,569,429 808,229 538,752 51,352 Total gold certificate reserves 25,158,181 860,081 Gold certificates Redemption fund for F. R. notes other cash 258,277 25,4lO Discounts and advances 157,043 8,598 Industrial loans 578 U. S. Govt, securities} Bills 4,202,135 289,897 Certificates 6,850,100 471,195 Botes 359,100 24,774 Bonds 8,202,500 565,860 New York Phila. Cleve. Rich,. Atlanta Chicago St^Louis 7,250,121 lll44,006 l602,502 1033,650 1022,667 4555.287 50,715 56,518 72,654 11,505 10,498 547 26,055 11,225 995,864 286,241 1,618,666 465,253 85,103 24,461 1,945,865 558,724 387,567 629,947 35,120 756,506 Dallas SanFran* 675,303 439,795 812,090 45,974 22,740 55,547 719,277 462,535 847,657 12,035 5,577 -— 6,284 2,840 8,660 11,652 9,293 3,430 28,896 8,869 269,764 225,289 627,030 227,092 458.475 566,182 1019,166 569,HI 25,055 19,252 55,584 19,407 526,565 439,750 1225,923 445,269 136,056 221,111 11,625 265,535 203,249 330,358 17,369 396,729 181,765 295,456 15,553 554,791 372,345 605,202 51,819 726,789 50,088 42,547 91,700 7,300,836 1200,524 1675,136 1083,718 1065,014 4424,987 55,789 52,002 Minn. Kans.Cy. 17,997 15,594 31 19,177 4,955 57,178 24,205 —- 616,584 2831,215 26,081 1+4,556 642,665 2875,771 Total U.S.Government -securities 19,595,655 1551,726 4,645.496 1554,679 1807,140 1257,855 1050,475 2925,703 1058,879 634,305 947,705 847,523 1736,153 T o t a l l o a n s and securities Due from f o r e i g n banks 19,751,2561360,324 4,695,498 1545,724 1818,565 1271,278 1055,428 2947,906 1064,256 657,145 959,357 850,953 1745.022 49 3 1 / 1 6 F.R.notes of other banks 100,691 4,oo4 Uncollected items 2,525,942 175,647 4 4 2 2 7 2 iIT,i49 4,564 6,on 14,556 8,699 15,270 7,262 407,545 142,029 209,859 207,841 171,540 361,822 131,281 1 2 2 4 4,592 5,556 4,256 14,572 68,997 137,187 117,369 197,025 Bank premises 32,4l7 l,l62 7,995 5,025 4,796 2,520 1,549 5,182 1,922 1,161+ 2,551 740 2,011 Other assets 179,021 12,445 4l,8l5 11,779 16,745 H,477 9,619 27,082 10,251 5,756 8,5l|B 7,696 15,852 TOTAL ASSETS 45,805,834- 2437,074 I2,5?3.!i4l 2718,952 3756,971 2609,389 2331,028 7815,434 1946,266 1186,254 1969,098 1632,974 4878,955 l/ A f t e r d e d u c t i n g $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. K.2+.l( c ) LIAB I L I T I E S Total F e d e r a l Reserve n o t e s 25,558,516 Deposits* Member b a n k - r e s e r v e a c c t . 18,170,1+35 U.S.Treasurer-general a c c t . 378,1+61 Foreign 1+81,965 °ther 2+65,626 Total deposits 19,494,485 Deferred a v a i l a b i l i t y items 2 , 1 2 1 , 5 2 8 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 13,82+5 TOTAL LIABILITIES 2+2;.968,372 C a p i t a l paid i n 204,509 Surplus ( S e c t i o n 7 ) 466,711 S u r p l u s ( S e c t i o n 15b} 27,52+5 Other c a p i t a l a c c o u n t s 138,699 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 245,805,8324 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 24,915 Commitments t o make i n d u s t r i a l loans 2,526 F.R. n o t e s o u t s t a n d i n g 21;,056,621 C o l l a t e r a l f o r F.R. n o t e s held b y F.R.Agents j Gold c e r t i f i c a t e s 15,554,000 E l i g i b l e paper 2+0,055 U.S.Govt, s e c u r i t i e s 11,625,000 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 157,043 578 19.595,655 Boston 1382,81+1; STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 8, I9I+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. 5,332,691 1612,997 208l;,2l;5 15ii5,798 1288,125 l;lt8l;,06l 1081,0l;3 612,631; 917,077 783,236 5,923,769 21,255 93,825 2 9 , 9 7 5 1 / 156,1+61 5,250 599,106 857,696 6 , 5 7 5 , 1 6 1 162,067 565,555 866 3,955 81+7,395 1326,702 766,621; 789,805 2796,408 26,082 28,691; 26,674 29,594 57,916 38,061; 43,774 25,512; 19,508 65,660 1,281 1,775 1,828 5,821; 5,all 915,569 il&k,99h 820,0^5" 8l;0,186 2901,759 125,1:55 189,161 198,783 165,222; 312,508 1,520 721; 638 2,088 661,721 21,171; 17,129 5,aa9 705,175 126,11+9 575 452,722 852,875 17,829 17,088 11,895 17,129 6,768 1.7U0 aB5,2+2+5" 89a, 599 67,122 12a, 360 611 Dallas 599,855 SanFran. 2397,11+6 82;5,l6o 2124,020 28,603 29,727 1+2,1+01 16,653 52,669 5a5 890,961 "2228,817 110,556 176,828 5a5 1,075 2333,2i73 12,273,320 2652,652; 5679,920 2565,528 2294,175 7700,2+16 1913,22,0 1163,620 1936,61+7 1601,717 11,474 69,708 14,890 19,228 8,915 8,070 25,855 6,769 4,540 7,205 8,208 29,347 1145,019 56,7014 45,968 22,1;17 20,028 68,8i;2 17,972+ 11,797 17,008 ll;,954 5,349 762 1,429 521 1,073 1,137 1,307 5,011 7,519 a,2+89 1,006 9,769 30,075 10,215 12,8l;9 9,380 7,995 18,894 7,762 5.222; 7,101 6,788 4805,864 19,649 40,655 2,il+o 12,62+7 2l;57,074 12,523,42a 2718,952 3756,971 2609,389 2351,028 7815,2432; 19246,266 1186,252; 1969,098 1632,972; 2t878,953 502 60 114324,098 855 196 662 2+19 173 120 173 168 2+27 127 1,788 30 229 9 5,489,795 1662,798 2152.U74 1600,286 1355,780 4564,275 1115,017 626,869 940,800 630,759 2505,670 2 / 1,655 583 hhl 235 83 315,000 210,000 280,000 18!+, 000 2100,000 806 8,390 2,115 575 850,000 1800,000 900,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 1 to 2 Over 16 t o 51 ttoo 61 t o 9 I days t o 6 months Within 2 to 5 5 years years 50 days 60 days 90 days 6 months t o 1 year years 15 days 61;,945 82,209 I490 24 2,947 6,1;5Q 16 517 7 5 51 h 1,637,300 6,325,000 1,554,576 784,629 1,393,152 1,82+6,200 2,975,000 5,299,778 782;, 629 l / A f t e r d e d u c t i n g $325,2+2+7,000 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 $3,280,000 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. 440,000 2,890 1100,000 4,570,000 550,000 900,000 625,000 15,072 5,250 — 8,955 1,000,000 1200,000 1500,000 1025,000 575,000 2805,000
@FedFRASER