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BOARD OF G0T/ERN0R!§ OP THE FEDERAL RESERVE SYSTEM (For Immediate R e l e a s e ) H.lwl March 10* 19i|9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 9 member bank r e s e r v e balances decreased .;260,000,000, Reductions i n member bank r e s e r v e s r e s u l t e d from a decrease of ,;.!ll9,000,000 i n Reserve Bank c r e d i t and an i n c r e a s e of '20,000,000 i n money i n c i r c u l a t i o n , o f f s e t i n p a r t by d e c r e a s e s of s >l66,000,000 i n Treasury d e p o s i t s w i t h Federal Reserve Banks and 07*000,000 i n nonmember d e p o s i t s and other F e d e r a l Reserve accounts and an i n c r e a s e of ,;»5,000,000 i n gold s t o c k . Excess r e s e r v e s of member banks on March 9 were e s t i m a t e d to be approximately -5600,000,000• Holdings of l o a n s , d i s c o u n t s and advances decreased .>38,000,000 and of United S t a t e s Government s e c u r i t i e s -$08,000,000* The decrease i n h o l d i n f 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 decreases of ;;176,000,000 i n b i l l s , )131,000,000 i n bonds, and ;6,000,000 i n n o t e s and an i n c r e a s e of '£,000,000 i n certificates• 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 t h e y e a r ended March 9* 19^9, were as f o l l o w s : I n c r e a s e or decrease since March 9 , 1949 March 2, 19li9 ( i n m i l l i o n s of 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 21,529 20i4 270 -3 08 - 38 - 72 Total Reserve Bank c r e d i t Gold s t o c k Treasury currency 22,003 2^,295 i+,587 -I4I9 + 5 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 19,l£k 27,577 1,320 711 1,85U -260 + 20 — ... -166 - 7 March 10, 19*48 dollars) + - 851 96 78 + 677 +1 ,212 + 28 +2 ,058 - il29 11 ko + 3h0 ff.iui(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED fin thousands of d o l l a r s ) I n c r e a s e or decrease since ASSETS Gold c e r t i f i c a t e s Redemption fund f o r 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 V• S. Govt* s e c u r i t i e s : Bills Certificates lotes Bonds T o t a l U, S, Government securities Total 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 o t h e r 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 n o t e s Deposits : Member b a n k - r e s e r v e a c c o u n t TuS.Treasurer-general account Foreign Other Total d e p o s i t s 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 Capital paid in 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 Ratio 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, 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 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 Mar. 9, 19J+9 Mar. 2, 19/+9 Mar. 10, 19k8 22,1^3^28 6l^77ii 23,Qi4-7,202 3li7,002* 202,961 755 + li, 99k - 3,l6o +l,2kk,258 23,326 +1,220,932 10 1,336 5,017,503 6,1*33.769 31+1,050 9,736,777 -176,1+07 + 5,000 - 6,000 -130,950 -3,896,858 +2,202,7kk -l,k31,O50 +3,976,6kl 21,529,099 -308,357 + 851,k77 21,732,815 -3^7,106 + 755,303 + - 5,008 93,259 656 17,ijk8 1,8 3k - 10,781 - 38,739 k6 k9 119, *81 2,396,736 32,183 172,263 - 8,270 9k,838 + k 3,ko6 + k7,8ii7,633 -61i8,329 +l,896,k6o 23,527,71k + - 19,k23,7k3 710,823 -260,725 -16c,90k - 5,373 - k,66i -k36,663 -222,569 7kk,9kk k77,6l6 21,357,126 2,l26,5k3 11,832 k7,023,215 _+ 3,891 ^25_ k63,02k +2,057,k95 + 39,719 266,8kl 1,298 +2,285,319 15,536 J! 5,179 +1,803,580 -65k,916 203,5k0 k66,7ii 27,5k3 126,62k k7,8k7,633 60 -6^,329 6,527 .Wo 3,63k 2,612 71 981 + + 5,867 18,522 _+ 68,k91 +l,896,k6o M 1,203 5,30k H.i+.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 9 , 191+9 (In thousands of d o l l a r s ) ASSETS Total Boston 22,1+53,1+28 738,558 615,771+ 55,090 Total gold c e r t i f i c a t e reserves 25,01+7,202 791,61+8 Gold c e r t i f i c a t e s Redemption fund f o r F . R. notes other cash New York Phila. Cleve. Rich.. Atlanta Chicago S t . Louis 7,51*0,651 1116,591 l57l+,520 1055,900 1005,807 1+516,781 51,lol 58,627 7l+,ll+0 55,029 1+5,502 105,091+ 7,591,752 1175,218 l61+8,66o 1086,929 101+7,509 1*1+21,875 670,555 U+,l+6l Minn. Kans»Cy. D a l l a s SanFran. 1+10,1+51 782,1+85 635,11+5 2810,208 22,951 55,876 7ll+,796 1+33,1+02 818,359 26,591 1+5,512 661,531+2855,720 5^7,001+ 57,61+1+ 60,852 2l+,226 51,052 20,975 25,1+56 51,551+ 15,525 12,951+ 11,555 11,986 1+5,689 Discounts and advances 202,961 I n d u s t r i a l loans 755 U* S. Govt, s e c u r i t i e s ; Bills 5,017,503 11,776 57,560 16,155 7O9 20,361+ 8,563 j^£ 6,850 2l+,351 6,81+7 5,555 15,522 - 5,820 23,6l8 3J+5.280 1,189,531+ 31+1,780 1+62,768 522,109 269,000 71+8,699 271,157 162,1+53 21+2,687 217,031 1+1+5,025 1+1+5,855 l,52l+,759 25,528 80,825 671,721 2,507,519 108,256 25,252 663,21+9 595,392 1+15,029 3bh,93k 960,027 31 ,JL+55 21,391+ 18,285 50,891 898,051+ 625,072 522,017 11+52,895 -Certificates Hotes Bonds Total 6,1+35,769 5U,050 9,756,777 5^7,691+ 208,280 18,1+51 ll,ol+l 526,195 515,209 511,188 278,293 570,081+ 16,1+96 ll+,752 50,220 1+70,91+9 1+21,161+ 862,755 V,S+Government securities 21,529,099 ll+8l+,582 5,102,617 ll+66,517 1985,61+9 1582,101+ 11514,236 3212,510 1163,1+77 696,963 loi+1,320 931,21+0 1908,081+ 21,732,315 11+96,158 5,160,177 ll+35,56l 2006,015 1590,715 1161,086 5256,861 1170,521+ 702,518 1056,81+2 957,o6o 1951,702 T o t a l loans and securities Due from f o r e i g n banks [$ F.R.notes of other banks 119,381 Uncollected items 2,596,756 Bank p r e m i s e s Other a s s e t s TOTAL ASSETS 52,185 172.263 1+ 2 2 7 2 1 2 Z 1+ i+,7ll 181,382 3 1 / 1 6 12,351 1+15,152 3,58l 162,255 1+ 5,086 218,578 28,595 215,595 18,081 188,91+7 15,650 585,261+ 7,506 109,527 5,079 62,066 I+,2l6 11+0,255 l+,950 110,1+67 12,057 208,-792 1,176 11.971+ 7,996 1+0,560 5,01+2 11,383 l+,8i+0 15.693 2,5l+2 11,139 1,561 9.286 5,178 25,797 1,955 9,720 1,172 5,1+1+9 2,568 8,216 lh9 7,335 1,626 15,711 1+7,31+7,635 2525,196 15,086,816 2862,868 5929,906 2756,1+81+ 21+1+9,708 8158,166 l/ 2028,935 1222,621 201+1,591 l75l+,065 5071,281 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 Federal Reserve Banks. H.l*.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 9 , 191*9 ( I n t h o u s a n d s of d o l l a r s ) New York Phila. Cieve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. 5.562,376 1629,018 2108,620 1591,601 1291,59** 1*511,307 1108,812 620,531 927,691; L I A B I L I T I E S Total Boston F e d e r a l Reserve notes 25,527,711; 1385,591 Deposits} Member b a n k - r e s e r v e a c c t , 19,1*25,71*5 820,110 6,291,76!; U.S.Treasurer-general a c c t . 710,823 1*8, 111* 163,208 F o r e i Sn 7UU,9Ui U6.0U7 1/21*1*,9]*!* 0ther 1*77,616 2,095 1*10,350 accrued dividends TOTAL LIABILITIES 715,ll*0 57,519 26,512 5,781; 1*67,389 58,182 18,275 1,518 905.011 56,591* 26,512 1*,665 927,701; 2267,213 1*1*, 085 55,757 25,582 65,111; 1*31* 57.5U6 920,580 200,361 781;,755 102,1*50 525,362 5l*,022 970,580 110,916 997,805 105,21*5 21*25,630 182,365 513 1*56 1*96 1*62 1,075 1*7,023,215 21*72,1*31* 12,859,611* 2797,1*86 385l*,o26 2715,207 21*15,557 8021*,97I* 1996,510 1200,571 2009,686 1703,1*29 1*997,921 11,832 Capital paid in 203,51*0 ^urpius (Section 7) 1*66,711 Surplus (Section 13b) 27,51*3 Other c a p i t a l a c c o u n t s 126,621* TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*7,81*7,653 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 3,63!* Commitments t o make i n d u s t r i a l l°ans 2,612 * . h . notes outstanding 21*,268,558 C o l l a t e r a l f o r r . R. n o t e s h e l d by F.R.Agentss Gold c e r t i f i c a t e s 13.231*,000 6 i a p e r 38 558 „ Q Pi! .*. ' u.b.uovt. securities 12,100,000 Discounts and advances I n d u s t r i a l loans Wfe.Govt. s e c u r i t i e s SanFran. 2588,851 81*1,21*0 868,556 2988,629 58,716 1*8,782 88,271 55,811; 29,967 100,861; U.810 963 2,2?9 Total deposits 21,357,126 Deferred a v a i l a b i l i t y iteios 2,126,51*3 Other l i a b i l i t i e s i n c l u d i n g 916,366 169,71*8 729 11,1*98 29,31*7 3,011 8,906 910,851; U # 2 , 3 5 3 61,556 50,059 58,1*72 67,21*3 1,3U9 5,81*5 Dallas 601,919 7,110,2116 1032,191 151*5.500 565,957 135.51*3 198,711 3,055 178 8,0l*0 20,028 762 7,521 1,919 5071,281 33U 8,890 22,1*17 3»3l*9 8,621 553 2525,196 13,086,816 2862,868 3929,906 2756,1*8!* 21*1*9,708 8138,166 2028,955 1222,621 201*1,591 173l*,063 29I 19,225 1*5,968 1,006 11,685 665 18,976 1*0,655 2,11*0 11,591 2/l,ll*8 ~ H*,865 56,701* U,l*89 9,521* 1,195 8,115 ll*,95i* 1,507 6,260 229 69,657 11*3.019 7,519 27,207 73U 91*8,068 3180,01*3 175,51*2 551,705 ll*9 25,820 68,81*2 1,1*29 17,101 502 6,71*8 17,971* 521 7,180 1*,528 11,797 1,075 1*,852 151 91 21* 109 1,91*5 159 281 21 ll*l*l,578 5,526,555 1679,500 2181,8o2 161*0,1*00 131*1*.230 1*599,525 111*7.210 635,559 7,182 17,008 1,157 6,578 151 127 525 91*9,1*21* 652,518 95 21*90,899 1*1*0,000 1*,670,000 550,000 71*5.000 625,000 575.000 261*0,000 315,000 210,000 280,000 18!*,000 2000,000 2 2 0 0 7 ' '978 3,975 — l,H5 1,375 1,755 10,050 — 10,090 800,000 1100,000 1,000,000 1200,000 1500,000 1050,000 850,000 2000,000 950,000 1*50,000 700,000 500,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 t o 31 t o 61 t o 91 days t o 6 months 1 to 2 2 to 5 Over Total 15 days 50 days 60 days 90 days 6 months t o 1 year years years 5 years 202,961 1*6,1*89 5,068 17,870 125,267 8,267 755 _ . 50 7 15 1* 6 ? ? 2 21,529,099 1,1*78,710 786,71*8 1,250,092 2,1*00,61*6 2,725,939 2,955,1*97 51*1,050 i,861*,o65 7,770,551* l/ After deducting $1*99,956,000 participations of other Federal Reserve Banks. 2 / After deducting $2,1*86,000 participations of other Federal Reserve Banks.
@FedFRASER