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BOARD CI' 'GOVERNORS ;OF'~THE FEDERAL REJERVE SYSTEM
( R e l e a s e d f o r Pub l i e a t i o n F r i d a y m o r n i n g , March .12,19J4.8)
March 1 1 , I9I48
H.U.1
CONDITION OF THE FEDERAL RESERVE BANKS
D u r i n g t h e week ended Match 10 member b a n k r e s e r v e b a l a n c e s d e c r e a s e d
$186,000,000*
R e d u c t i o n s ' i n member b a n k r © s e r v e s a r o s e from a d e c r e a s e of
$ 5 2 5 , 0 0 0 , 0 0 0 i n R e s e r v e Bank c r e d i t , o f f s e t i n p a r t b y an i n c r e a s e of
# 4 7 * 0 0 0 , 0 0 0 i n g o l d s t o c k andAdecr.pas.es of $ 2 0 5 * 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
B a n k s , $ 7 0 , 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 R e s e r v e
a c c o u n t s , $ 1 3 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n and $ 2 , 0 0 0 , 0 0 0 i n T r e a s u r y c a s h /
E x c e s s r e s e r v e s of member b a n k s on March 10 w e r e 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
$930,000,000.
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 i n c r e a s e d $ 3 8 , 0 0 0 , . 0 0 0 and
•Unijbed ; 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 $ 3 9 3 , 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-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 $ 3 5 7 * 0 0 0 , 0 0 0 i n
h i L i s , * S7I;, 0 0 0 , 0 0 0 i n c e r t i f i c a t e s and $ 3 , 0 0 0 , 0 0 0 i n n o t e s and an i n c r e a s e of
$39*00^/000 in bonds#
Changes i n member b a n k r e s e r v e b a l a n c e s and r e l a t e d
and t h e y e a r e n d e d Marqh ; -10,- l 49U8, v/oxe a s f o l l o w s *
i t e m s d u r i n g t h e wee
I n c r e a s e or d e c r e a s e
since March 1 0 ,
JL9i|j3.
1
-March 3*
March: 1 2 ,
. _ J ^
19U7
{ I n m i l l p . ens v pf do 1 l a r s )
U, S # Government s e c u r i t i e s
L o a n s , d i s c o u n t s and a d v a n c e s
O t h e r R e s e r v e Bank c r e d i t
?0,678
A)0
- '593*
+
38
170
-2,569
+ 62
+ 5h
T o t a l R e s e r v e Bank c r e d i t
Gold s t o c k
Treasury currencv
21,J26
23,083
+
+2,680
Member bank r e s e r v e b a l a n c e s '
Money %n c i r c u l a t i on
T r e a s u r y cash5
T r ^ a s u f y d e p o s i t s w i t h F ; It. "Baraks
N on member d e p o s i t s a n d o t h e r F f R # : a c c o u n t s
17,366
28,006
1,331
, 731
525
hi
106
18
2
205
70
+1^.19
- 32 J;
-
-
u
678
285
sms-sinr CF CONDITION
OF THET1ELVD FEDERAL t^ERVB BANKS COMBINED
( I n thousands. ,of d o l l a r s )
H.U.l(a)
Increase or decrease
since
Llarch 10,
March 5,
19U8
March 12,
19U7
21,189,170
.. 657,, 100
2l,82i6;,270
+ U'8,000
1,108
+ -1x6,892
+2,819,21*2
- 1&.310
+2,66U,932
-.17,1*11
+ ito.155
- 2,617
+
+
+
ASSETS
Gold certificates
Redemption fund for F. R» notes
Total gold certificate reserves
Other cash
Discounts and advances
Industrial loans
U. S. Govt, securitiesj
Bills
Certificates
Notes
Bonds
Total 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# n o t e s of o t h e r banks
Uncollected items
Bank premises
Other a s s e t s
TOTAL ASSETS
L I A B I L I T I E S
Federal Reserve n o t e s
Deposits:
Llember bank - r e s e r v e account
U # S # Treasurer 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
C A P I T A L
A C . C O n i S
Capital 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 accounts
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 P*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 b j t l l s purchased
for foreign correspondents
Commitments t o msfke i n d u s t r i a l - loans
355,271*
297-. 799
, 2.; 091..
26,27!*
60,565
1,050
8,9ll*,36l
4,251,025
M , 77?. 100
. 5,760,156
-556,550
- 75,500
- 2,500
+ 53,966
-6,561*. 196
-2,5^0,095
+.1,327,800
•+5,oo6,7U6
20,677,622.
-593,-581*
•T2, 569,7145
20,977,512
95
Hi*, 373.
2.U89.995
32,859
.151,815
-356,066
- .6.U33
:-2 :, 508,128
7
+
6,61*0
79,^55
+
607
+ 105,962
1*5,951,173
-601,275
+
375,755
23,9,90,738
- 1*3,650
-
512,658
17,366,2^8
750,!5l*2
lj.76^103
+1 ,519,385
19.071,?07
2,ili2,;o79
-185,292
-203,1*08
-102,169
+ 30,269
-1+60,600
-101,276
15,011
145,219,635
+
191*
-605,312
+
197,673
1*1*8,189
27,51*3
.'. •< 58*133
1*5,95*, 173
+
+
+
+
+
50,7%
£,857
7,916
-270,778
*
2,521
156
+ 3,381
-60*, 275.7%
99
36
+
+
+
+ -;
678,761
1*7,212
169,280
62^,132
25,891*
2,666
3l*o, 03I4
6,811
8,366
88
20,1*36
375'. 735
5.9/°
li,375
290
K.Li<;i(b)
STATEIAJ^TVOF
CONDITIO!- OF THE FEDERAL RESERVE. BANKS' ON. MARCH 1 0 , I9I18
(In thousands of dollars)
ASSETS
Total
Gold c e r t i f i c a t e s
Redemption fund f o r
y. R. n o t e s
T o t a l gold c e r t i f i c a t e
reserves
~~
Cther cash
Discounts and advances
Industrial loans
U* S # Govt# securities:
Bills
Certificates
Notes '•
Bonds
T o t a l (J«S» Government
securities
~
Total loans and
securities
hue from -foreign banks
F.R. notes of other banks
Uncollected items
Bank premises '..
Other assets
TOTAL ASSETS.
Boston
New York
?i,lP-9,l7'o 7'6o,746 6,870,1;05
657, lop
55,743
-1,826,27b
816,489
355,274
297,799
2,091
38,075
22,018
68,483
67,644
8,914,361
4,231,025
1,772,100
5,760,-136:
599,261
284,426
119,128
?87,2l9
2,137,503
1,014,524
•• 424,918
1.381.177
71,925
Phila.
Cleve.
fiich.
' A t l a n t a 7 . Chicago S t . L o u i s
Minn. -Kans.Cy.
969/005 1365,550 1029,151; 1069,833 4*21,976 589,975: 436,102; 764.736 505,217 2706,473
•59,001
7}:Jun
58.405
39,168
9^644
6,942,328 1028,006 1440,031 1087,557 } 1:09,001 4220,620
24,691
17,240
866
33,015
35,331
636,751 854,621
302,222 405,629
126,581 -169,891411,447 552,224-
21,013 ' - 2 2 , 8 3 8
23,592
6,806
39
982
578,935
274,780
115,087
^74.086
56,692
82,801
lk,m
22.714;
35.276
636,254
458,816
800,011
34,265
8,483
4,170
11,000
12,338
6,44i
446,904 1266,621 492,188 272,859
212,114 601,178 233,608 129,508
88,841 251,794
97,843
54,242
2ft8 f 77^
fllRf),),& 318,n3li 176,312
809,220
384,079
160,866
5P?t8W
963,804 ; 937,090 1877,053
20,977/512 I4i2r,052
5,025,766 1495,107: 2oi8,jioo 1366,519 io44,420'3o2o,84p 1148,114
637,091 976,142
B . , •' 9: 5
4i39l
' 4,99s
17,125
168,097 248,939 211,963
3,171
4,912
2,624
10,604
14,805
10,168
4 , I
13
3
15,526
13,420,8i053
169,558 395,168 115,842
1,553
3,050
1,964
7,911
21.854
8.925
2
3,833
60,651
1,203
4.697
531,029 2756,128
415,507 403,991
197,212 191,745
80,310
82,599
,?rVI,nf|)|
?6fUi86
632/921
i/31
18,878
484,287
8,202
36,765
49,655
42,642
14,166
4 , 9 5 8 , 1 2 2 1477,001 1982,365 1342,888 1036,632 2938,039 n 4 1 , 6 7 3
6
5,365
196,185
1,231
10,491
25.812
14,077
5,052
20,677,622 1390,034
95
114,373
4SQ.995
32,839
154,815
D a l l a s SanFran.
3
4,764.
133,446
2,439
7.166
942,1421891,219
3
5,466
102,586
789
6.9I17
8
12,554
203,273
1,701
14.484
45,951>175 2 4 7 9 , 8 9 4 ' 1 2 , 5 8 4 , 7 4 0 2734,075 3 7 6 4 , 8 0 9 2 7 1 6 , 9 7 4 2370,811 7731,657 1933,418 1174,776 1934,971 1603,039 4922,009
2 / Afterwdeducting $64,000 p a r t i c i p a t i o n s ' o f o t h e r F e d e r a l Reserve" Banks.
H.U.l(c)
L I A B I L I T I E S
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS OK MARCH 10, I948
( I n thousands of d o l l a r s )
Phila.
Cleve.
Rich. A t l a n t a Chicago S t . L o u i s
Minn. Xans ,Cy,
Total
Boston
New York
2 5 , 9 9 0 , 7 5 8 11*50,435 5,1*97,230 1639,852 2088,629 1659,981 13ii8,26o 4546,828 1102,397 618,348 932,120
D a l l a s SanFran.
598,li37 2528,223
812,888
38,li29
11*, 122
1,270
822,958 2031,684
40,816
40,216
35,51*9
13,719
1,1*29
36,550
866,709
108,168
878,922 211*3,979
98,71*9 183,501*
Federal Reser/e notes
Depositss
Member b a n k - r e s e r v e a c c t , 17,366,248
U , 5 a T r e a s u r e r - g e n e r a l a c c t . 750,542
foreign
476,103
Other
l;78,9lU
753,126
64,702
"
25,489
;-' g ,6U5
&2'5,960
175,817
5.721,936 800,5641269,178
.
". .. ^~~
55,564
88,023
t 144,525
l/febl,6l3
52,684
57,122
1*05,955
1.1*72
9,471
6,473,807 890,284 1403,794
584,467 144,110 203,482
Total deposits
19,071,807
Deferred a v a i l a b i l i t y items 2 , 1 4 2 , 0 7 9
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
15,011
5,686
888
TOTAL LIABILITIES
4 5 , 2 1 9 , 6 3 5 21*35,098 12,359,210
C a p i t a l paid i n
197,673
11,502 ' ' 69,061
S u r p l u s ( S e c t i o n 7)
448,189-28,117
158,596
Surplus ( S e c t i o n 13b)
27,545
3,011
7,319
other c a p i t a l accounts
S8.I55 • 4 , 3 6 6
10,551*
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
45,951,173 2479,894 12,584,71*0
Contingent l i a b i l i t y on b i l l s purchased
for f o r e i g n c o r r e s p o n d e n t s
4,837
305
2/i,5l|8
CoiTinltments t o mai i n d u s t r i a l ; ;
'
~
loans
7,016
F.R. n o t e s o u t s t a n d i n g
2 4 , 8 5 5 , 1 0 3 1508,859 5,727,553
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.' Agents j
Gold c e r t i f i c a t e s
13,219,000 4 4 0 , 0 0 0 4,1*70,000
E l i g i b l e paper
67,278
13,022
19,871
U.S. G o v t . s e c u r i t i e s
12,700,000 1100,000 1,500,000
Within
15 days
Total
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
297,799
2,091
20,677,622
753,558
53,872
19,772
8,1+96
835,1*98
185,1*02
764,579 2592,226
45,988
96,395
16,545
54,876
899
1,920
826,009 2745,1*17
162,597 338,031*
630,855 432,896
41,575
1*0,637
lii,526 -10,088
6,l2o
2,731
693,076 486,352
109,71850,011
1,1*83
832
659
2,U85 :
599
685
583
1,1*83
951
677
2675,197 3697,388 2679,715 2359.525 7652,764 1905,868 1155,596 1907,580 1576,707 4857,189
ll*,526
18,932
8,410
7,698
24,067
6,488
4,356
6,711*
7,591
18,528
35,350
U2,l73
21,210
19,110
66,217
16,972
11,235
16,148
lU.lll
38,952
1,307
2,140
4,1*89
1,006
5,51*9
762
1,429
521
1,073
1,137
3,323
5,200
5,510
U,292
3,716
7,180
5,569
2.718
5,392
It, 513
275i*,075 3764/309 2716,971* 2370,811 7751,657 1953,1*18 H7i*,776 1934,971 1603,059 1*922,009
592
237
198
658
171*
121
I69
161;
426
1,021
1,579
131*
375
31*1*
580
1690,479 2171,81? 1711*,552 1391,285 1*628,778 1148,177
—
637,579
3,750
954,i*32
135
626,032 2655,56.5
550,000 735,ooo 625,000 675,000 2760,000 315,000
7,050
—
16,495
—
—
1,300
1200,000 1500,000 1150,000 750,000 1900,000 950;000
MATURITY DISTRIBUTION OF LOANS AND SECURITIES
200,000
600
450,000
280,000
7,3l*o
700,000
169,000 2000,000
1,600
500,000 1000,000
16 t o
30 days
31 t o
60 days
61 t o
90 days
91 days t o
6 months
6 months
t o 1 year
1 to 2
years
2 to 5 Over
years
5 years
r
156,353
28,896
78,981
li*,456
19,091*
19
1,850
21
23
21
LUl
4
2741,933
1812,623
2,081,255
2,857,179
3,019,293
2,707,317
l / A f t e r d e d u c t i n g $274,580,000 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 / A f t e r deducting
$3,289,000 p a r t i c i p a t i o n s o-f o t h e r F e d e r a l Reserve Banks.
12
19
1*31.509 5,026,713
@FedFRASER