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BOARD OF W7RRIJORS OF THE FEDERAL RESERVE SYSTEM E.h.l (For Immediate R e l e a s e ) March 17, 19^9 CONDITION OF THE FEDERAL RESERVE BANKS During t h e week ended March l 6 member bank r e s e r v e b a l a n c e s i n c r e a s e d $512,000,000. A d d i t i o n s to member bank r e s e r v e s r e s u l t e d from i n c r e a s e s of $3ll5 fOOO ,000 in Reserve Bank c r e d i t and 510,000,000 in gold s t o c k and d e c r e a s e s of $120,000,000 in Treasury d e p o s i t s w i t h Federal Reserve Banks and $77,000,000 i n money in c i r c u l a t i o n , o f f s e t in p a r t by i n c r e a s e s of $li,0u0,000 in Treasury cash and 536>000,000 in nonraember d e p o s i t s and o t h e r F e d e r a l Reserve a c c o u n t s , PJxcess r e s e r v e s of member banks on March 16 v/ere e s t i m a t e d to be approximately $1,030,000,000. Holdings of l o a n s , d i s c o u n t s and advances i n c r e a s e d $226,000,000 w h i l e 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 d e c r e a s e d $ 2 9 , 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 a decrease of $114.9,000,000 in bonds and i n c r e a s e s of $70,000,000 in b i l l s and $50,000,000 i n certificates. I n c r e a s e or decrease since •oh 16, 19ii9 i.rch 9 j 19i+9 (In 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 21,5C0 Total Reserve Bank c r e d i t Gold s t o c k Treasury currency 22,5k3 2li,305 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 IS,?5o 27,500 1 ,32^4 591 1,390 130 Uid 1,568 - 29 +226 March 17, 19i4-8 dollars) +U3 +1,127 + 63 29 +3^5 + 10 + 1 +I,l6l +1,186 + 29 +512 +2,585 - ix20 1 86 + 298 - 77 + h -120 + 36 EL-U.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BAMS COMBINED ( i n thousands of d o l l a r s ) I n c r e a s e or decrease since Mar, 16, 191+9 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 certificate reserves Other cash 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 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 LI T I E S Federal Reserve n o t e s Deposits s 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 C A P I T A L ACCOUNTS Capital paid i n Surplus ( S e c t i o n 7 ) S u r p l u s ( S e c t i o n 1%) Other c a p i t a l accounts TOTAL LI ABILITIES 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. 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 22,1^3,1+29 612 till 23,057,202 31+3,71+5 a29,U86 752 Mar* 17, Mar, 9, 191+9 + J: + + 10,001 1 10,000" 3,259 226,525 3 191+8 +1,219,259 22,< +1,196", 561 20,562 + 66,181+ 2,850 11+9,077 -3,579,01+8 +2,l9l.,ol+l+ -1,1+33,050 •••3,91+1+, 997 29,227 +1,126,91+3 21,930,110 + 197,295 U9 117,1+70 1,911 3,277,607 + 880,871 32,180 3 11+9,382 22,881 +1,190,277 1+6 i+,328 - 159,191+ 656 + 17,761 1+8,907,71+5 +1,060,112 +2,219,813 23,1+1+9,297 - - 19,936,083 591,1+71 739.789 1+87,1+1+3 21.75U.766 2,859,657 512,31+0 119,352 5,155 _9,827 + 397,6~6"6 + 733,111+ +2,585,1+01+ 85,792 + 2lh,h36 + 6.325 +2,720,371 - 129,928 12,668 + 836 1 8 7 0 7 ^ 0 8 "+1,053.193" 1,882 +2,123,571 5,087,353 6,1*83,769 31+1,050 9,587,700 + + 21,199,872 - 69,850 50,000 78,1+17 20li,229 689 1+66,711 27,51+3 6,23Q 132,851+ ii8,907,7l+5~ +1,060,112" 6,529 18,522 71,191 +2,219,813 .1% 51.C0& l+,l+86 2,650 + + i+61+,990 + + 852 38 62 1+.913 H.l+.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH l 6 , 191+9 (In thousands of d o l l a r s ) ASSETS Total Gold c e r t i f i c a t e s Redemption fund f o r Boston New York Phila. Cleve. Rich. 22,1+1+5,1+29 750,751+ 7,1+56,1+88 1107,01+11550,755 1000,867 F. R. notes 58,627 7l+,ll+0 55,029 Chicago S t . Louis 995,881+1+51+8,105 1+5,502 Minn. Kans.Cy» 61+6,509 1+01,555 105,091+ U+,1+61 7,507,588 1165,668 l6oi+,893 1055,896 1039,336 1+1+53,199 690,770 22,951 800,1+56 35,876 D a l l a s SanFran. 618,1+26 2786,853 615,775 55,090 25,057,202 303,821+ other cash 5!i5,7!+5 57,ll+l+ 61,769 25,910 52,659 20,175 2l,5i+l 50,059 15,580 ll,!+ol+ 11,81+1+ 12,750 1+5,152 Discounts and advances I n d u s t r i a l loans U. S. Govt, securities: 1+29,1+36 752 15,551 21+1,010 18,1+95 707 51,959 15,218 1+5 6,550 50,776 11,672 l+,525 16,262 6,270 *— 15,1+18 5,037,555 6,1+85,769 5U,050 9,587,700 351,363 1+^7,505 25,523 661,1+56 1,206,088 1,556,589 80,825 2,272,189 Total gold 51,100 Atlanta 26,591 1+5,512 certificate reserves Bills certificates Notes Bonds 3^6,558 1+69,210 ^26,59!+ 272,71+5 759,121 i+l+1,661 598,005 J+16,258 5l+7,6ll+ 967,1+88 23,252 51^+55 21,391+ 18,235 50,891 655,095 881+,285 615,502 5ll+,025 11+50,61+8 l+2l+,l+8l+ 836,512 61+l+,817 2852,565 2?l+,952 l61+,69l+ 2l+6,o66 220,052 1+69,1+50 350,396 209,898 315,607 280,1+56 57l+,5ll+ 18,1+51 11,Ola 16,1+96 ll+,752 50,220 518,158 510,585 1+65,738 l+ll+,7i6 81+9,5l+7 Total U.S.Government securities 21,1+99,372 ll+61+,i30 5,095,691 ll+61+,526 1982,955 1580,223 1152,669 5208,11+8 1161,897 696,016 1059,907 929,976 1923,731 21,930,110 11+77,681 5,356,701 11+33,728 20ll+,892 1395,1+91 1159,219 5258,92!+ 1175*569 700,51+1 1056,169 956,21+6 1939,11+9 T o t a l loans and seTurTtTes Due from f o r e i g n banks k9 F.R.notes of other banks 117,1+70 Uncollected items 3,277,607 Bank premises 32,180 uther assets ll+9,582 TOTAL ASSETS 3 l / l 6 l+,63l 21+0,692 1,176 10,61+6 1+ lH,088 652,627 7,997 55,195 1+.159 232,159 5,ol+2 9,711 2 2 7 2 5,798 26,755 355,655 278,182 l+,855 2,51+2 15,671+ 9,609 1+ 15,528 220,500 1,562 7,995 15,00!+. 506,619 5,178 22,52!+ 6,920 l!+5,ol+9 1,933 8,32l+ 2 2 1+ l+,52i+ 5,720 7l+,555 155,651+ 1,172 2,368 l+,70l+ 7,025 1 5,517 139,919 7l+9 6,560 15,178 298,220 1,626 13,615 1+8,907,71+5 2575,81+7 15,615,981 2922,381 1+012,1+08 2781+,61+S 21+63,355 8507,1+9!+ 201+0,11+7 1220,985 2075,071+ 171+6,11+0 511+5,509 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 Federal Reserve Banks. H.U.l(o) L I A B I L I T I E S T ota 1 F e d e r a l Reserve notes ^3»kh9t^9l Deposits: Member b a n k - r e s e r v e a c c t . 19,936,083 UaS,Treasurer-general a c c t . 591,471 Foreign 739,789 Other 487,445 2 1 , 75I4,786 Total deposits Deferred a v a i l a b i l i t y items 2 , 8 5 9 , 6 5 7 Other l i a b i l i t i e s i n c l u d i n g accrued dividends 12,668 TOTAL LIABILITIES Capital paid in S u r p l u s ( S e c t i o n 7) S u r p l u s ( S e c t i o n 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Boston 1381,599 STATEMENT OF CONDITION OF THE-FEDERAL" RESERVE BANKS ON MARCH 16, I949 ( I n thousands of d o l l a r s ) New York Fhila. Cleve. R i c h . A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. 5,558,862 1621*,790 2100,208 1580,900 1 2 8 9 , i a 5 4501,050 1104,2)44 618,385 921,734 8148,083 6,55*1,^92 214,803 307,749 146,1221/239,017 2,306 1418,505 Dallas 595,972 SanFran. 2372,088 9^6,671+ Ii0t5»876 25,U67 12,755 58.S68 67,355 1,58a 5,820 8)45,165 214,276 55,875 14,198 866,3^2 3085,217 23,1402 75,159 50,016 101,050 675 5,665 725,951 15,066 26,356 5,004 479.21*2 15,051 18,303 1,460 926,657 15,955 26,356 5,1450 959.039 19,499 25,62l4 520 2293,367 56,511 65,171 56,1476 7,499.763 1032,093 1551,784 505,101 198,989 502,56)4 909.510 21*9,874 920,455 5267,071 216,457 423,056 770,357 132,317 514,056 65,700 972,396 1)48,2140 984,682 134,050 21431,325 264,271 478 66I4 590 525 552 2,189 5,515 679 1.545 499 4 8 , 0 7 6 , 4 0 8 2522,719 13,567,2141 2856,551 5955,901 27140,948 2^26,859 8195,566 2 0 0 7 J U 7 1198,551 2042,898 1715,227 204,229 11,498 69,667 114,868 19,240 8,906 8,Ola 25,816 6,754 4,528 7,185 8,115 29,5147 145,019 56,70l4 45,968 22,1417 20,028 68,842 17,974 11,797 17,008 1)4,954 466,711 5,5l9 762 IJ429 521 1,075 1,157 1,507 5,011 7,319 4,489 1,006 2?,5li3 q.272 28.755 9.76Q 12,2Q3 3.028 7,663 18,Ola 7,481 5,054 6,848 6_, 537 152,854 1,086 921,3114 219,038 768 5068,770 19.615 40,655 2,11*0 12,135 i|8,907,745 2575,847 15,615,981 2 9 2 2 , 3 8 ! 4012,1*08 2784,6)48 2)463,555 8307,494 2040,1)47 1220,983 2075,074 171*6, lUo 5143,509 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 112 619 161 161 4,486 283 2 / i,Ui8 220 157 184 U15 599 559 Commitments t o make i n d u s t r i a l 1 oans 2,650 81 01 — 110 1,9)45 151 281 9 — — — — 95 F.R. n o t e s o u t s t a n d i n g 214,212,597 11459,218 5,518,548 1675,890 217U,950 1632,107 1345,223 4592,263 1141,215 65k,28l4 945,428 628,196 21485,277 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: Gold c e r t i f i c a t e s 13,2014,000 440,000 4 , 6 7 0 , 0 0 0 550,000 745,000 625,000 575,000 2610,000 315,000 210,000 280,000 1814,000 2000,000 E l i g i b l e paper 228,213 5,975 192,728 6,355 — 5,770 6,200 525 10,790 — 1,890 U.S.Govt, s e c u r i t i e s 12,100,000 1100,000 1,000,000 1200,000 1500,000 1050,000 850,000 2000,000 950,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Over 6 months 2 to 5 61 t o 1 to 2 16 t o Within 51 t o 91 days t o 5 years t o 1 year Total years years 60 days 6 months 15 days 50 days 90 days Discounts and advances 271,880 420,1486 9,270 6,288" 111 2,0)48 r->r-f> I n d u s t r i a l loans 2 15 675 ""49 U.o.Govt. s e c u r i t i e s 2,1458,257 21,1499,872 1,659,789 -,983,ii97 ,51*1,050 1,936,600 7,5^8,800 1,262,92.9 2,725,879 605,071 l/ 2j A f t e r deducting $500,756>°00 p a r t i c i p a t i o n s of other F e d e r a l Reserve Banks. After deducting $ 3 , 0 6 8 , 0 0 0 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