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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 (For Immediate Release) November 10, 19^9 CONDITION OF THE FEDERAL RESERVE BANKS During the week, ended November 9 member bank reserve balances decreased $292,000,000. Reductions in member bank reserves ,resulted from decreases of $231,000,000 in Reserve Bank credit, $51,000,000 in gold stock, and an increase of $1*4-6,000,000 in money in circulation, offset in part by decreases of $130,000,000 in Treasury deposits with Federal Reserve Banks and $6,000,000 in Treasury cash. Excess reserves of member banks on November 9 were estimated to be approximately $920,000,000. Holdings of loans, discounts and advances decreased $292,000,000, while holdings of United States Government securities increased $173,000,000. The change in holdings of United States Government securities reflects increases of $129,000,000 in bills and $1+5,000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year ended November 9, I9J+9 were as follows: Increase or decrease since Nov. 9, 1949 Nov. 2, 1949 Nov. 10, 1948 (In millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 17,706 320 159 +173 -292 -112 -5,438 7 - 298 Total Reserve Bank credit Gold stock Treasury currency 18,185 24,532 -231 - 51 + 1 -5,744 + 435 + 13 -292 +146 - 6 -130 + l -3,802 - 809 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 4,592 16,145 27,528 1,312 415 1,910 5 -l,l?3 + 459 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov. 9, 19**9 A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discount's and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U. S. Government securities Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve account U.S. Treasurer-general account Foreign Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,265,172 - 51,002 825 51,827 243,7^2 - 27,386 319A05 909 - 291,672 4 4,030,996 5,81*1,900 298,100 7,534,700 + 128,800 + 1*5,000 22,716,1*29 Nov. 10 191*8 + + 521,000 81,560 439,440 7,193 7,297 64 - 91*6,21+8 1,500 - 277,919 - 525,500 -3,688,788 17,705,696 +172,300 -5,438,455 18,025,710 35 97,1*1+6 2,339,716 33,081* 133,691 - 119,376 -5,M+5,8i6 ll* - - 228,915 + 112 + i*,93!* + - l*i*,138,596 - 1*36,211 -5,566,691 23,321,1*30 + 97,203 16,144,755 1*15,162 688,811 530,955 17,779,683 2,180,261* + - 292,21*5 129,692 28,009 27,033 1*20,961 117,552 12,1*11 1*3,293,788 + 973 - 1*1*0,337 207,1*1*1* 1*66,711 27,5^3 143,110 156 - 56.6$ 4,534 1,834 13,753 3,970 1*36,211 **57l38,596 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Commitments to make industrial loans Nov. 2, 19^9 .3* + 1*15 1 30,117 1*1*5,1*19 861 78,1*33 860,215 -3,802,1*25 -1,137,991* + 251*, 1*19 + 53,078 -1*,632,922 - 11*7,767 - _ 368 -5,61*1,272 + + 7,328 18,522 -i- 1*8,731 -5,566,691 7.6$ 2,676 1*,270 H. 4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 9, 1949 (in thousands of dollars) A S S E T S Gold certificates Redemption fund for F - R- n o t e s Total Boston 22,716,429 846,6i8 5^8,743 Total gold certificate " reserves 23,265,172 51,829 898,447 New York Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. 7,175,721 1222,009 1593,1^2 1103,813 1004,719 4382,064 713,095 ^59,5^8 801,615 679,879 2734,206 43,092 22,409 34,885 27.277 756,187 481,957 836,500 707,1562777,067 11,890 8,420 --- 5,543 5,355 ^ 10,956 11,481 46,525 Phila. 45,703 Cleve. 59,693 Rich. Atlanta 50,632 40,286 83,551 7,222,246 1267,712 1652,835 1154,445 1045,005 4465,615 Other cash 243,742 27,231 4l,348 Discounts and advances 319,105 8,917 157,113 Industrial loans 909 — — U. S. Govt, securities: Bills 4,030,996 278,090 955,306 Certificates 5,841,900 403,022 1,384,471 Notes 298,100 20,565 70,647 Bonds 7,534,700 519,804 1,785,649 12,151 8,978 767 24,247 37,706 1 18,675 12,356 97 274,583 371,783 397,939 538,804 20,306 27,494 513,249 694,933 258,778 375,033 19,137 ^83,705 17,928 4,503 — 32,618 51,034 -— 42.861 10,693 3,102 30,462 10,140 216,114 601,493 313,201 871,711 15,982 44,482 ^03,958 1124,305 217,843 130,495 194,971 17^,361 315,708 189,120 282,561 252,692 16,110 9,650 14,419 12,894 407,190 243,921 364,438 325,913 357,179 517,638 26,4l4 667,635 Total U.S.Government securities 17,705,696 1221,481 4,196,073 1206,077 l633,Ol4 1136,653 9^9,255 2641,991 956,851 573,186 856,389 765,860 1568,866 Total loans and securities 18,025,710 1230,398 4,353,186 1215,822 1670,721 1149,106 953,758 2693,025 965,271 578,585 867,870 768,962 1579,006 Due from foreign banks 35 F.R.notes of other banks 97,446 Uncollected items 2,339,716 Bank premises 33,084 Other assets 133,691 TOTAL ASSETS 2 5,000 180,719 1,138 9,136 l/ 11. 3 3 2 2 17,504 2,788 5,647 11,453 7,924 405,015 152,9^3 195,722 206,215 170,199 7,909 2,998 4,731 2,489 1,531 31,237 8,729 12,568 8,514 7,067 5 14,698 370,732 3,166 20,468 1 5,846 144,421 1,956 8,225 1 1 1 3 3,670 5,060 5,216 12,640 75,863 1345458 96,035 207,39^ 1,151 2,332 723 2,960 4,143 6,275 ____5,645 11,684 44,138,596 2352,071 12,078,456 2663,146 3566,474 2550,899 2203,4l4 7600,327 1893,797 1150,913 1863,452 1594,431 4621,216 l/ After deducting $24,000 participations of other Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OK NOVEMBER 9, 1949 (in thousands of dollars) Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Total 1371,575 5,359,478 1603,772 2021,032 1578,417 1284,834 4470,450 1082,730 610,028 914,302 23,321,1+30 T_J__A. B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve acct. 16,144,755 U.S.Treasurer-general acct. 415.l62 Foreign 688,811 Other 530,955 Total deposits 17,779,683 Deferred availability items 2,180,261+ Other liabilities including 12,411 accrued dividends TOTAL LIABILITIES 43,293,788 Capital paid in 207,444 Surplus (Section 7) 466,711 Surplus (Section 13b) 27,543 Other capital accounts 143,110 TOTAL LIABILITIES AND 44,138,596 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 4,534 Commitments to make industrial loans 1,834 P.P. notes outstanding 24,023,658 Collateral for F.R. notes held by F.R. Agents: Gold certificates 14,279,000 Eligible paper 164,741 U. S. Govt, securities 10,800,000 Discounts and advances Industrial loans U.S. Govt, .securities Total 319,105 909 17,705,696 673,433 36,969 42,752 5,199 5,333,812 52,453 1/224,629 465,747 745,182 1183,070 30,546 35,574 54,288 62,431 1,310 5,376 664,397 27,174 33,251 3,272 651,504 2572,863 38,078 24,455 27,823 93,647 593 1,747 758,353 167,434 6,076,641 386,258 831,326 1286,451 160,575 180,173 728,094 199,195 717,998 2692,712 649,192 162,805 319,042 123,066 734 3,443 763 1,280 657 559 2,073 Dallas SanFran. 638,229 2386,583 585,339 403,799 736,665 757,855 1836,836 32,570 28,359 33,376 29,619 45,989 24,430 16,965 24,430 23,751 60,414 6,853 l,06»+ 3,360 586 35,848 1+50,187 797,831 67,504 118,079 363 486 811,811 1979,087 112,391 178,742 1+78 1+50 1,125 4545,537 19,964 40,653 2,140 12,922 2 2 9 8 , 0 9 6 1 1 , 8 2 5 , 8 2 0 2596,1+36 3 4 3 8 , 9 3 6 11,538 71,013 15,013 19,354 29,347 143,019 36,704 1+3,968 3,011 7,319 4,1+89 1,006 10,079 31,285 10,504 13,210 2 5 0 6 , 3 6 3 2 1 6 6 , 1 9 6 71+84,277 1860,1+71+ 1 1 2 8 , 0 8 2 1 8 3 0 , 6 9 0 1562,881 9,171 8,188 26,176 6,81+0 4,576 7,235 8,376 22,1+17 20,028 68,81+2 17,974 11,797 17,008 14,954 3,349 762 l,i+29 521 1,073 1,137 1,307 9,599 8,240 19,603 7,988 5,385 7,382 6,913 2352,071 12,078,456 2663,146 3566,474 2550,899 2203,414 7600,327 1893,797 1150,9131863,452 1594,431 4621,216 286 2/1,433 363 186 1+17 626 163 11+23,014 908 831+ 15 — 7 -5,504,807 1650,967 2102,216 1621,823 1333,321 1+551,912 1118,003 1+40,000 3,650 1100,000 4,670,000 750,000 1000,000 130,695 2,290 -1,000,000 1000,000 1150,000 650,000 8,260 1000,000 113 163 — — 620,711 938,704 159 1+03 — 70 672,321 21+85,859 675,000 3020,000 400,000 210,000 280,000 184,000 2000,000 — -5,410 3,265 8,1+71 -2,700 700,000 1600,000 800,000 1+50,000 700,000 500,000 800,000 mWRITI DISTRIBUTION OF LOANS AMD" SECURITIES 16 to 31 to 61 to 9l days to 6 months Within 6C days 90 days 6 months to 1 year 30 days 15 days 291,283 8,176 1,518 8,236 "9,887 5 k6 744 3 6 4,372,200 58I.65O 970,283 2,386,054 1,167,409 957,500 l/ After deducting $1+64,162,000 participations of other Federal Reserve 2/ After deducting $3,101,000 participations of other Federal Reserve 1 to 2 years 32 Banks Banks 2 to 5 years 78 1,826,100 Over 5 years 5,2^,500
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