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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 November 25, 19^9 (For Immediate Release) CONDITION OF TEE FEDE.RAL RESERVE BAMS During the week ended November 23 member bank reserve "balances decreased $445,000,000. Reductions in member bank reserves resulted from a decrease of $260,000,000 in Reserve Bank credit and increases of $111,000,000 in money in circulation, $83,000,000 in nonmember deposits and other Federal Reserve accounts, and $2,000,000 in Treasury deposits with Federal Reserve Banks, offset in part by an increase of $4,000,000 in Treasury currency and a decrease of $8,000,000 in Treasury cash,, Excess reserves of member banks on November 23 were estimated to be approximately $660,000,000, Holdings of loans, discounts and advances increased $10,000,000 vhile holdings of United States Government securities decreased $120,000,000. The change in holdings of United States Government securities reflects decreases of $69,000,000 in bills, $32,000,000 in certificates and $19,000,000 in bonds* Changes in member bank reserve balances and related items during the week and the year ended November 23, 1949 were as follows: Increase or decrease since Nov. 23, 19^9 Nov. 16, 19^9 Nov. 24, 1948 (In millions of dollars) U. S» Government securities Loans, discounts and advances Other Reserve Bank credit 17,669 135 287 Total Reserve Bank credit Gold stock Treasury currency 18,091 2*+,530 4,596 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Eonmemher deposits and other F* R. accounts 15,987 27,508 1,315 i+io 1,997 -120 -5,32^ •+ 1 0 - 1+1+8 -150 - -260 -5,850 + 380 + 16 + 1+ -1+1+5 +111 8 + 2 + 83 78 -3,9^7 - 797 2 -1,21+0 + 533 H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBBIED (In thousands of dollars) Increase or decrease since A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts 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 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondent? Cor™i+,ir,cm^ ho make industrial loans 22,724,432 547,464 "23,271,916 238,868 132,753 1,846 Nov. 24, 1948 Nov. 16, 19^9 Nov. 23, + + 10,002 3,259 + - 14,317 +"-359,235" 16,618 8,699 548 + 469,001 79,766 449,111 866 4,034,328 5,822,900 298,100 7,513,300 69,168 32,000 19,000 - 991,466 - 197,719 - 482,850 -3,652,527 17,668,628 120,168 -5,324^562 110,921 -5,772,8~07 14 17,212 - 180,237 + 938 17,803,227 - 118,728 2,581,687 33,178 142,400 5 "671 -1,031,53^ + 72 + 3,724 44,190,039 -1,15-1,904 -5,677,^03 23,326,678 85,637 • 839,591 445,040 1,928 52,112 30,210 881,681 -3,9^7,6i6 -1,240,651 • 279,400 + lo4,6io -4,W*, 257 - 103,019 13,346 43,336,963 + _ 515 -1,156,319 1,157 -5,748,02? 207,571 466,711 27,543 151,251 44,190,039 16 15,986,805 409,642 745,3^0 56o,8i4 17,702,601 2,294,338 + + + r-350,790 - + 4^431 -1,151,904 + + 80,688 7,387 18,522 +44,712 -5,677,403 7.7?< 56.7$ 6,731 1,829 - 1,062 6 4,881 4,268 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 23, 19*9 (In thousands of dollars) A S S E T S Total Gold certificates Redemption fund for E. R. notes 22,724,432 547,484 Total gold certificate reserves 23,271,916 Boston New York Phila. Cleve. Rich. Atlanta 861,668 7,261,148 1203,085 1560,541 1076,168 51,683 45,864 45,425 59,*85 51,269 Chicago St.Louis 983,937 4403,646 4o,l4l 83,350 913,351 7,307,012 1248,510 1620,026 1127,437 1024,078 4486,996 Minn. Kans.Cy. 703,239 446,926 43,036 22,389 7*6,275 469,315 15,472 9,618 5,436 7,077 45 822,605 34,843 Dallas SanFran. 684,576 2716,893 27,230 42,769 857,**8 711,806 2759,662 11,912 8,393 11,083 2,419 30,508 9,7*9 --- ... --- Other cash 238,868 24,165 41,237 11,003 22,067 17,433 29,578 18,97* 5,083 9,683 Discounts and advances 132,753 6,803 36,331 7,258 12,487 17,852 Industrial loans 1,846 — — 1,700 1 100 —IL. S. Govt, securities: Bills 4,034,328 278,320 956,096 274,810 372,090 258,992 216,293 601,990 Certificates 5,822,900 401,711 1,379,968 396,644 537,051 373,813 312,183 868,875 Notes 298,100 20,565 70,647 20,306 27,494 19,137 15,982 44,482 Bonds 7,513,300 518,327 1,780,577 511,792 692,960 482,331 402,810 1121,113 218,023 130,603 195,132 3l4,68l 188,506 281,642 16,110 9,650 14,419 406,034 243,227 363,403 17^,505 357,*7* 251,870 515,956 12,894 26,4l4 324,988 665,738 Total U.S.Government securities 17,668,6281218,923 4,187,288 1203,552 1629,595 1134,273 9*7,268 2636,*6o 95*,8*8 571,986 854,596 764,2571565,582 Total loans and securities 17,803,227 1225,726 4,223,619 1212,510 1642,083 1152,225 952,351 2646,143 964,466 579,108 862,989 766,676 1575,331 Due from foreign banks 35 2 F.R.notes of other banks 118,728 5,102 Uncollected items 2,581,687 207,299 Bank premises 33,178 1,138 Other assets TOTAL ASSETS l42,4oo 9,740 --- 1/ 11 3 3 2 2 5 1 20,467 3,777 6,371 1*,95* 9,917 15,683 7,396 *63,86l 172,606 233,3*5 200,955 171,064 403,171 153,020 7,91* 2,992 4,728 2,477 1,529 3,l66 1,955 33,342 9,225 13,501 9,006 7,553 21,746 8,713 1 1 1 3 4,389 6,928 5,217 18,527 77,979 1*5,559 132,13* 220,494 1,151 2,332 723 3,073 4,429 6,683 6,088 12,374 44,190,039 2386,523 12,097,463 2660,826 3542,124 2524,489 2185,468 7606,488 1897,298 ll4l,8o8 1893,852 1633,728 4619,972 l/ After deducting $24,000 participations of other Federal Reserve Banks. H.4.1(c) L I A B I L I T I E S Total Boston Federal Reserve notes 23,326,678 1383,681 Deposits: Member bank-reserve acct. 15,986,805 667,650 U.S.Treasurer-general acct. 409,642 34,803 Foreign 745,340 46,677 Other 560,814 4,137 Total deposits 17,702,601 Deferred availability items 2,294,338 Other liabilities including 13,346 accrued dividends TOTAL LIABILITIES 43,336,963 Capital paid in 207,571 Surplus (Section 7) 466,711 27,543 Surplus (Section 13"b) 151,251 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,190,039 Contingent liability on acceptances purchased for foreign correspondents 6,731 Commitments to make industrial loans 1,829 F.R. notes outstanding 24,043,015 Collateral for F.R. notes held by F.R. Agents: Gold certificates 289,000 Eligible paper 52,476 U.S. Govt, securities 10,800,000 Discounts and advances Industrial loans U.S. Govt, securities Total 132,753 1,846 17,668,628 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 23, 1949 (In thousands of dollars) New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. 5,391,270 1611,335 2020,366 1569,645 1276,230 4477,191 1083,468 608,908 911,437 753,467 194,097 5,236,638 60,913 1/238,545 500,082 6,036,178 411,875 744 3,63£ 743,324 1137,494 28,075 35,099 59,272 68,163 1,916 7,583 832,587 1248,339 148,844 193,556 762 1,566 654,069 29,906 36,304 2,608 722,887 186,221 69s 64i,o85 2506,148 580,976 27,671 48,966 26,859 30,377 102,244 26,672 1,728 2,038 5,797 700,861 2659,396 170,124 350,317 595 2,23,0, Dallas SanFran. 640,073 2353,074 397,178 23,970 18,523 1,100 762,264 28,952 26,672 349 790,403 1869,376 22,139 42,289 25,932 65,959 528 32,948 640,304 440,771 139,254 68,655 818,237 130,529 839,002 2010,572 122,175 178,691 -53L 2331,989 11,842,955 2593,528 3463,827 5479,445 2147,810 7489,134 1863,557 9,148 8,189 26,237 6,84l 11,539 70,9^6 15,023 19,362 29,347 143,019 36,704 43,968 22,417 20,028 68,842 17,974 3,011 7,319 4,489 1,006 3,349 762 1,429 521 10,637 33,224 11,082 13,961 10,130 8,679 20,646 8,405 502 582 -311. 1,13.9 1118,705 1860,705 1601,832 4543,476 4,577 7,244 8,385 20,080 11,797 17,008 14,954 40,653 1,073 1,137 1,307 2,140 5,656 7,758 7,250 13,623 2386,523 12,097,463 2660,826 35^2,124 2524,489 2185,468 7606,488 1897,298 ll4l,8o8 1893,852 1633,728 4619,972 415 1425,880 606 237 165 237 868 869 15 — 7 — 5,507,343 1647,261 2111,537 1617,039 1337,074 4565,515 1115,330 — 620,529 —937,518 — 70 679,477 2478,512 675,000 3020,000 4oo,ooo 210,000 280,000 —— 7,130 5,350 5,905 700,000 1600,000 800,000 450,000 700,000 19^,000 2000,000 — 3,600 500,000 800,000 2/2,223 527 323 440,000 4,670,000 750,000 1000,000 650,000 2,450 11,845 1,730 — 14,466 1100,000 1,000,000 1000,000 1150,000 1000,000 270 910 231 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 6l to o~months 2 to 5 1 to 2 31 to 91 days to to 1 year years years 90 days 6 months 60 days 45,016 4,623 9,134 5 514 126 97 29 3 939,026 1,841,662 1,709,400 4,358,200 1,069,200 1,377,225 1/ After deducting $506,776,000 participations of other Federal Reserve Banks 2/ After deducting $4,508,000 participations of other Federal Reserve Banks. Within 15 days 61,237 1,077 950,815 16 to 30 days 12,738 587 Over 5 years 5,423,100
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