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BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate R e l e a s e ) H.U*1 March 3 1 , 191$ CONDITION OF THE FEDERAL RESERVE BAMS During the week ended March 30 member bank r e s e r v e balances decreased 3ljl,000,000» Reductions i n member bank r e s e r v e s r e s u l t e d from an i n c r e a s e of 2ij,6 f 000,000 i n Treasury d e p o s i t s w i t h F e d e r a l Reserve Banks and a decrease of 13il,000,000 i n Reserve Bank c r e d i t , o f f s e t i n p a r t by decreases of 2 0 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n , '7,000,000 i n Treasury cash, and >5f000,000 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 and by i n c r e a s e s of ,14,000,000 i n gold s t o c k and -)3>000,000 i n Treasury currency* Excess r e s e r v e s of member banks on Karch 30 were e s t i m a t e d to be approximately , ; i.k50,000,000. Holdings of l o a n s , d i s c o u n t s and advances d e c r e a s e d "296,000,000, 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 i n c r e a s e d '153*000,000* The i n crease 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 i n c r e a s e s of '235,000,000 i n c e r t i f i c a t e s , "63,000,000 i n b i l l s , and 1 7 , 0 0 0 , 0 0 0 i n n o t e s and a decrease of 1 8 1 , 0 0 0 , 0 0 0 i n bonds* 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 y e a r ended March 3 0 , 19^9 were as f o l l o w s : Increase or decrease since March 30, 19li9 March 23, 19i)9 March 3 1 , 19U8 (in millions of d o l l a r s ) 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 21,828 299 251 +153 -296 + 8 + 9I4I - 135 36 Total Reserve Bank c r e d i t Gold s t o c k Treasury currency 22,378 2^,311 1+.591 -13k + h • 3 + 771 + Fember bank r e s e r v e balances 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 19,019 27,l4>3 1,320 1,678 1,861 -3I4I - 20 - 7 +2U6 - 5 +2,380 - 378 5 - 29k + 27k 32 Hti*fl(a) $?ATEMEWT OF CONDITION OF THE TWELVE FEiDERAL 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 F&r. 2 3 , 191+9 Ifer. 3 1 , 191+8 3l-0,229 298,116 761 + 9,999 - 2,607 "+ 7,392 + 6,3i+l -295.759 5 +1,237,259 38,621 +1,1987^38" 19,326 5,300,319 6,866,979 38l+,6oo 9,276,500 + 82,526 +235,210 + 17,050 *181,1+50 -3,550,782 +2,385,801+ -1,1+98,800 .+3,605,123_ 21,828,398 +153,336 + 9l+l,3l;5 22,127,275 -11+2,1+26 + 806.I+79 Mar. 30, 191+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 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 cash *"'"" Discounts and advances I n d u s t r i a l loans tU 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 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 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 T BS F e d e r a l Reserve n o t e s Deposits: Member bank^reserve account TJ «S . T r e a s u r e r - g e n e r a l a c c o u n t 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 INABILITIES CAP! T A h ACCOUNTS Capital paid in ~-~~—~ " Surplus ( S e c t i o n 7 ) Surplus (Section l^b) 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 i 22,1+66,1+29 610,220 1+9 119,672 2,1+55.591 32,137 156,823 - 131,8142 3,021+ 1+6 667 51+0 -227,552 36 + l+,l+56 - lj8,308,1+25 -352,397 +1,719,922 23,356,796 - 20,593 - 19,018,563 1,678,21+1 69l+,208 1+96,210 21,887,222' 2,20l+,926 -31+1,776 +21+6,691 - 13,238 J _ 7,15k -101,169 -235,606 +2,379,81+1+ - 293,365 + 208,680 17,563 +2,2777596 - 2li8,13l+ 15,002 1+7,1+63,91+6' - , i|835-359,203 ^ 925 +1,617,691 20l+,250 29 + 28lj,00l+ 607 19,1+55 1+10,61+6 6,1+83 18,522 1+66,711 27,51+3 ,, U*S2L5. 1+8,3087125 51.0?S 1^,992 2,512 + 6,777 -352,397 .1^ 252 11 ._+ 77.226 +1,719,922 M 858 5.188 H.1+. 1(b) STATEMENT OF CONDITION OP THE FEDERAL RESERVE BANKS ON MARCH 5 0 , 191+9 (In thousands of d o l l a r s ) ASSETS Gold c e r t i f i c a t e s Total Boston 22.1+66.1+29 768,625 610,220 52,359 New York Phila. Cleve. Rich. Atlanta Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s SanFran. 7,175,180 1167,625 170l+,001 1058,760 1030,^98 1+228,661+ 65l+,958 1+27,071+ 796,518 619,221 2837,527 Redemption fund f o r F. R . notes lQl+,729 l+l+,52l+ 821,1+614. 7,223,037 1225,769 1777,809 1111,705 1073,968 1)355,595 699,262 other cash 51+0,229 55,585 67,815 21,511 51,61+1+ 19,378 25,977 !+5,lt56 Discounts and advances 293,116 17,91+1 100,1+10 17,71+6 22,116 26,165 7,285 52,952 Industrial loans 7ol 71I4. Lfl U. S. Govt, s e c u r i t i e s : Bills 5,500,519 559,936 1,256,558 56l,ol£ 1+88,855 51+0,266 281+,l63 790,897 Certificates 6,366,979 1+73,759 1,627,1+05 i+67,765 635,51+3 1+1+0,81+0 568,159 l02l+,670 Notes 581+,6oo 26,553 91,11+6 26,198 35,1+72 2l+,690 20,620 57,389 Bonds 9,276,500 659,967 2,198,1+58 631,897 355,531 595,525 1+97,51+1 1331+.211 16,565 7,5l+l T o t a l gold 1+9,907 58,11+6 75,808 52,91+5 1+5,270 22,900 55,789 26,306 1+5,257 certificate reserves 23,076,61^9 1+1+9,91k 852,107 10,59!+ 6,0?1+ 12,215 15,171 61+5,527 2832,581+ 12,091 10,053 1+5,120 li+,862 —- 286,1*1+2 171,587 256,367 229,265 571,106 222,505 552,11+2 297,051 20,781+ 12,1+51 18,602 16,636 501,521 500,508 1+1+3,636 1+01,255 h9h,890 608,1+69 3i+,o?9 821,972 T o t a l U.S.Government securities 21,828,598 li+80,225 5,175,51+7 li+86,905 2015,25!+ 11+01,519 1170,285 5257,167 1179.655 706,651 1055,797 9kh, 137 1959,1+10 22,127,275 ll+98,l66 5.275.957 1505,565 2055,370 li+27,531 1177,568 5510,119 1186,991+ 712,725 1070,968 95l+,2l+0 197l+,27^ Total loans and securities Due from foreign banks 1+9 3 F.R.notes'of other banks 119,672 l+,12l+ Uncollected items 2,1+55,591 190,11+7 Bank premises other assets TOTAL ASSETS l / 16 12,599 502,068 1+ 1+ 2 2 7 5,872 6,221 2l+,i+S8 15,020 li+,766 170,251 250,250 228,566 163,262 372,667 2 7,871 103,895 1 1+,718 56,696 2 1+.965 117,271 2 i+,750 108,860 1+ 16,280 211,658 32,157 1,171 7,997 5,056 1+.825 2,556 1,556 5,180 1,930 1,169 2,368 71+9 1,620 156,823 10,871+ 57,101 10,509 ll+,552 10,097 8,562 25,185 8,785 l+,999 7,1+98 6,?l+6 U+,317 1*8,503,1+25 2559,53'+ 15,12l+,6!+0 29l£,117 1+100,675 282l+,803 21+63,715 8102,751 2025,101+ 121+0,876 201+7,390 1732,965 511+5,355 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. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 5 0 , 191*9 ( I n thousands of d o l l a r s ) New York Phila. Cleve. R i c h . A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. 5,556,5u6 l6li*,539 2089,805 1567,606 1287,387 14*81,755 1095,678 615,115 910,762 H.!*.l(c) L I A B I L I T I E S Total Boston F e d e r a l Reserve n o t e s 2 5 , 5 5 6 , 7 9 6 1580,686 Deposits: Member b a n k - r e s e r v e a c c t . 19,018,565 808,529 6,1UU,567 U . S . T r e a s u r e r - g e n e r a l a c c t . 1,678,21*1 90,1*76 503,659 Foreign 69k,208 li3,092i/226,305 1*96,210 Other 2,575 1*35,996 Total deposits 21,887,222 Deferred a v a i l a b i l i t y i t e m s 2,20l|,926 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 15,002 9i*U,l*70 179,529 866 Dallas 595,838 SanFran. 2555,279 925,680 11*18,278 811,796 128,565 232,800 152,320 51,720 62,928 33,516 2,1*98 5,159 2,069 835,3o6 2865,529 107,516 209,359 28,01*1* 9l*,392 515 2,262 687,1*52 77,173 22*».62U i*,70i* 167,757 63,901 17,100 2,597 876,666 83,622* 21*,621* 6,905 886,685 91,665 23,91*0 529 2292,920 157,1*05 60,925 32,603 7,108,507 1111,265 1719,165 999,701 l*0l*,202 11*6,669 212,1*17 212,11*8 969,381 5171,51*2 169,06!* 531,15U 793,953 101,375 55U155 51,259 991,819 1002,817 105,372 102,11*1* 2523,81*9 191,615 627 1*85 806 69I1 2,1*32 685 1,528 1*7,1*65,91*6 2505,551 12,872,815 2875,561 1*022,992 2780,261 21*26,526 7986,683 1991,631 1217,991* 2oil*,577 1701,1*81* 5070,071 C a p i t a l pa id i n 2ol*,250 11,1*98 69,670 11*, 869 19,208 8,909 8,01*1* 25,831* 6,75U 1*,530 7,181* 8,121 Surplus ( S e c t i o n 7 ) 22,1*17 20,028 68,81*2 17,971; 11,797 17,008 l!*,95l* 11*3,019 36,701* 1*3,968 1*66,711 29,3^7 Surplus ( S e c t i o n 13b) 3,011 1,1*29 521 1,075 1,157 1,507 3,51*9 762 7,319 1*,1*89 1,006 27,51*5 Other c a p i t a l a c c o u n t s 10,127 9,867 8,355 19,963 8,221* 5,1*82 7,i*8l* 7,099 31,817 10,69!; 13,501 11*5,975 TOTAL LIABILITIES AND CAPITAL ACC OUHTS 1*8,508,1*25 2559,53k 13,121*,61*0 291*0,117 1*100,675 2821*,805 21*63,715 8102,751 2025,101* 121*0,876 2d*7,390 1732,965 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 correspondent;s U,992 180 125 180 175 315 2 / 1,576 399 1*59 21*5 205 689 19,629 1*0,653 2,11*0 15,562 TOTAL LIABILITIES loans F,R. notes o u t s t a n d i n g C o l l a t e r a l for F.R # n o t e s held by F . R . A g e n t s : Gold c e r t i f i c a t e s E l i g i b l e paper U.S.Govt, s e c u r i t i e s 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 5,960 890 1,605 1*1*1* — 625,751 95 21*61,257 15,179,000 1*1*0,000 1*,670,000 550,000 71*5,000 625,000 575,000 2585,000 515,000 210,000 280,000 98,825 2,250 9,665 8,305 51*558 5,510 — 18,670 1,855 12,075,000 1100,000 1,000,000 1200,000 1500,000 1025,000 850,000 2000,000 950,000 1*50,000 700,000 18!*,000 2000,000 Total 298,116 761 21,828,598 Within 15 days 159,578 682 1,178,269 — 650,650 51U5,855 — 91*2,696 2,512 21*, 108,171* 11*56,877 92 1,91*5 129 21*1* 9 — 5,505,907 1666,786 2169,50!* 1619,912 1558,658 i*571,!;75 Hl;2,765 621* l#25o 500,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 6 months 2 to 5 61 t o 1 to 2 91 days t o 51 t o t o 1 year years years 90 days 6 months 60 days 102,198 53,oI*o 51 7 15 2 1,935,100 560,271 1,717,286 2,863,1*93 2,621,579 3,328,700 381*,600 l / A f t e r d e d u c t i n g $1*67,856,000 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 e 2 / After deducting $5,1*16,000 p a r t i c i p a t i o n s of othe; F e d e r a l Reserve Banks B 16 t o 50 days 5,500 800,000 Over 5 years 7,239,100
@FedFRASER