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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Hj|»l Ootober*13# I9k9. (For Immediate Release) CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 12 member bank reserve balances decreased $268,000,000# Reductions in member bank reserves resulted from increases of $164,000,000 in nonmember deposits and other Federal Reserve accounts and of $70,000,000 in money in circulation and decreases of $119*000,000 in Reserve Bank credit, offset in part by decreases of $61,000,000 in Treasury deposits with Federal Reserve Banks and $25,000,000 in Treasury cash,. Excess reserves of member banks on October 12 were estimated to be approximately $960,000,000, Holdings of loans, discounts and advances decreased $3,000,000 and holdings of United States Government securities decreased $132,000,000, The change in holdings of United States Government securities reflects decreases of $138,000,000 in bills and $ljl4-,000,000 in certificates* Changes in member bank reserve balances and related items during the week and the year ended October 12, I9L& were as follows: increase or decrease since Oct. 12, Oct, 5, Oct. 15, I9k9 I9h9 19h8 (In millions of dollars) -182 V* S* Government securities Loans, discounts and advances Other Reserve Bank credit 17,779 110 399 - + 68 3 +5,522+ - 391 + 236 Total Reserve Bank credit Gold stock 18,287 2h,&>U k,592 -119 — - 1 -5,680 + 6^9 + 20 16,116 27,5h6 1,296 551 1,973 -268 + 70 - 25 - 61 + 161; -3,72U - 7?6 — o1 -1,000 + hbl Treasury currency i'.>nler bank reserve balances ky)i:i.y in circulation rr r-^sury cash 'lir.as-iry d e p o s i t s w i t h F« R* Banks IIonTr.r.-;r,}.or d e p o s i t s n n r } o t h e r F# R« a c c o u n t s H.l^Ua) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINER ( i n thousands of d o l l a r s ) I n c r e a s e or decrease since Oct. 12, 19J49 ASSETS Gold c e r t i f i c a t e s Redemption fund for F . R. notes Total gold c e r t i f i c a t e r e s e r v e s Oct. 1 3 , 19liS -Oct. 5 , .. 19*49 + + 71*8,998 83,057 665,9U1 22,807,1*31 5l*7,90l* 23,355,335 + + 9,999 363 9,636 Other cash 255,162 + 1,388 Discounts and advances Industrial loans U. S. Govt, securities: Bills Certificates Notes Bonds Total U, S« Government securities 108,733 + 3,726 50 1*, 166,1*21* 5,775.900 298,100 7.538,200 -139,050 - 1*3,500 -2,277,922 - I;3l4,569 - 611;, 000 -2,197,7514 17,778,621* -182,550 -5,52li,2l45 Total loans and securities Due from foreign banks F. R« notes of other banks Uncollected items Bank premises Other assets 17,888,303 35 105,106 2,62lt,052 32,828 113,728 -186,226 - 3,253 +122,583 + 1*3 + 3,81*1 -5,915,383 Hi 10,255 - 21*2,229 + 519 59,098 I4I*, 37*4,51*9 - -5,563,189 23,361,983 + 53,866 - TOTAL ASSETS 9U6 51,988 2,670 - 390,971 16I4 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 16,115,956 551,389 557,790 681,171 17,906,306 2,225,389 -268,1*35 - 60,1*86 + 9,078 +1514,659 -165,182* + 55,31^6 -3,723,6147 -1,000,028 + 102,521 + 220,1*77 -U, l*oo,677 - I*77,i*li3 12,353 U3#506,031 + 585 - 55,387 3,669 -5,61*6,993 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 207,033 1*66,711 27,51*3 167,231 W*,37U»5U9 13 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined i Contingent liability on acceptances purchased for foreign correspondents Commitments to make industrial loans 56.6?2 + 3,386 - 51,988 ,2% + + 765,201* 7,031 18,522 + 58,251 -5,563,189 7*7% 3,670 11*8 2,397 1,892 55 14,231 H.l+.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 1 2 , 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 22,807,1+31 83l+,l97 New York Phila. Cleve, Rich, Atlanta Chicago S t , L o u i s 7,291,336 1177,1+66 1591,879 1118,1+16 991,101+1+1+17,975 727,055 Minn. Kans.Cy. D a l l a s SanFran. 1*75,131; 826,676 61+l+,30l+ 2711,889 Redemption fund f o r F. R. notes 5hl,901+ 1 Total gold '.. f.51- . • m ii 1 • 50,353 • - "ii 1 1 1+3,681+ 11 1 1 1 • • in. 1+5,606 mi 1 1 i i 60,1+13 III 1 .11..11 • 52,302 , 1+0,757 , 8l+,237 1. 1+3,295 1,. 1 1 22,1+91+ 111 [ , i 35,01+1 11 n,.iiii .1 , . 26,1+23 1, .i i 1+3,299 11 1 certificate reserves 23,355,335 881+.550 255#l62 108,733 29,235 8,996 other cash Discounts and advances I n d u s t r i a l loans U. S. Govt, securities: Bills Certificates Notes Bonds 7,335,020 1223,072 1652,292 1170,718 1031,861 1+502,212 1+6,180 31,522 9I+6 i+,166,1+21+ 287,1+33 5,775,900 398,1+69 298,100 20,565 7,538,200 520,01+5 12,358 7,683 2l+,6o6 10,561+ 15,283 6,513 836 1 96 19,775 i+,101 3h,hQ9 12,759 770,350 1+97,628 861,717 13,561+ 5,037 5,569 2,300 10,291 6,772 — 670,727 2755,188 12,108 3,71+8 31,701+ 8,738 13 987,1+01 283,808 381+,273 267,1+72 223,37!+ 621,701 225,162 13l+,880 201,522 180,219 369,179 1,368,830 393 ,Uh3 532,717 370,795 309,661+ 861,862 312,11+2 186,981+ 279,368 21+9,836 511,790 70,61+7 20,306 27,1+91+ 19,137 15,982 l+l+,l+82 16,110 9,650 ll+,1+19 12,891+ 26,l+il+ 1,786,1+78 513,487 695,256 1+83,930 l+o!+,ll+5 H2l+,828 1+07,379 2l+U,Q3l+ 361+,6o8 326,065 667,91+5 Total U.S.Government securities 17,778,621+ 1226,512 1+,213,356 1211,01+1+ l639,7l+0 Hl+1,334 953,165 2652,873 960,793 575,51+8 859,917 769,011+ 1575,328 Total loans and securities 17,888,303 1235,508 l+,2l+l+,878 1219,563 1650,305 lil+7,9l+3 957,266 2665,632 965,830 577,861 866,689 772,762 158l+,o66 Due from f o r e i g n banks F..R.notes of o t h e r banks Uncollected items Bank premises Other a s s e t s TOTAL ASSETS 35 105,106 2 l / l l 1+,921 l5,2l+3 3 3,01+8 1+50,61+5 152,132 3 7,760 2 11,267 2 10,690 5 ll+,128 1 7,265 1 i+,1+1+9 1 5,826 1 5,013 3 lkrh9^ 191,1+51 221,519 186,131+ 2,62i+,052 200,921+ 197,901 1+19,369 209,116 96,973 183,333 Hl+,555 32,828 l,ll+3 7,927 3,003 2+,7l+5 2.1+92 l,53i+ 3,172 1,906 1,153 2,31+6 726 2,681 113,728 7,921 26,711 7,395 10,698 7,025 5,955 17,386 7,128 5,535 5,559 l+,753 9,882 l+l+,57l+,5l+9 2561+,20i+ 12,127,615 2620,571+ 35i+l,86o 2576,21+9 222l+,961+ 7656,593 1975,160 1187,169 1935,562 1580,61+5 l+58l+,15l+ l/ A f t e r d e d u c t i n g $2l+,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.4.l(c) STATEi-flSNT OF CONDITION OF THE FEDERAL RESERVE JJAWKS Oil OCTOBER 1 2 , 1949 ( i n thousands of d o l l a r s ) Total Boston New York Phila. Cleve. R i c h . A t l a n t a Chicago S t . L o u i s 23,361,983 1381,307 5,31*3,1*00 1602,550 2051,761; 1582,031; 1281,502 14*97,153 1077,335 LJ_A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member b a n k - r e s e r v e a c c t . 16,115,956 U.S.Treasiirer-ceneral a c c t . 551,389 Foreign 557,790 Other 681,171 Total deposits 17,906,306 Deferred availability items2,225,389 Other liabilities including accrued dividends 12,353 TOTAL LIABILITIES 1*3,506,031 Capital paid i n 207,033 S u r p l u s ( S e c t i o n 7) 1*66,711 S u r p l u s ( S e c t i o n 13b) 27,51*3 Other c a p i t a l a c c o u n t s 167,231 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS U*,37i*,549 Contingent l i a b i l i t y on a c c e p t a n c e s purchased for foreign correspondents 3,670 Commitments t o make i n d u s t r i a l loans 1,892 F.R, n o t e s o u t s t a n d i n g 2l*,031,ll;l 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: li* , 2 7 9 , 000 Gold c e r t i f i c a t e s E l i g i b l e paper 13,713 U . S . Govt, s e c u r i t i e s 10,800,000 Total Discounts and advances 108,733 Industrial loans 9U6 U.S. Govt, securities 17.778.621* Minn, Kans.Cy. 611;, 3 56 9114,908 D a l l a s SanFran. 621;,1*51* 2391,220 399,637 735,585 37,1*1*5 l*3,ooi 13,733 19,775 21,309 36,089 770,035 663,833 36,1*96 3l*,6o6 3,71*1 5,372,395 106,991* j / 1 8 2 , 0b9 1*68,81*3 71*0,263 HliU,207 27,706 1*2,777 1*3,91*1* 50,535 811 5,1*73 67l*,598 38,082 26,916 I;,686 637,930 2555,132 38,881; 55,1*13 22,521 75,803 21;, 729 26,91*1 733,676 187,972 6,130,286 392,101 812,721; 12i;2,992 136,187 166,102 71*1*,282 203,312 721*,061; 2713,289 720,099 1*72,121* 76,603 180,31*5 321* ,1*20 11*2,558 700 3,518 30,31*2 19,226 1*56 1820,881; 1*5,299 1*8,907 38,171 83l*,!*50 151,788 820,059 103,108 1953,261 160,893 507 1*89 937 2308,655 11,669,305 2552,195 31*62,095 2530,271 ?186,U51* 7536,898 191*0,51*5 1163,539 1901,653 151*8,110 11,518 71,001; 15,018 19,31*6 9,H6 8,11*0 26,025 6,835 1*,573 7,226 8,31*0 29,31*7 11*3,019 36,701; 1*3,968 22,1*17 20,028 68,8i;2 17,971* 11,797 17,008 H*,95U 3,011 7,319 1*,J*89 1,006 3,31*9 762 i,U29 521 1,073 1,137 1,307 11,673 -36,968 12,168 15,1*1*5 11,096 9,580 23,199 9,285 6,187 8,538 7,93l* 1*506,311 19,892 1*0,653 2,H*o 15,158 2361*,20>* 12,127,615 2620,571* 351*1,860 2576,21*9 2221;,96U 7656,393 1975,160 1187,169 1935,562 1580,61*5 l*58l*,l5l* 231 60 11*32,579 731* 1,237 61*3 5U3 150 2,036 601,1*57 1*8,950 19,775 1*9,917 553 1*56 132 92 132 128 327 — 876 81*5 15 — 26 5,1*93,939 161*0,781 2122,U1*8 1620,381 1330,71*1 1*571,829 1119,067 626,001; 938,177 653,700 70 21*81,1*95 2 / 1,160 291* 338 180 506 1*1*0,000 1**670,000 750,000 1000,000 650,000 675,000 3020,000 1*00,000 210,000 280,000 3,200 2,1*50 323 2,005 1,725 3,1*60 1100,000 1,000,000 1000,000 1150,000 1000,000 700,000 1600,000 800,000 1*50,000 700,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 16 t o Within 61 t o 31 t o 91 days t o 6 months 1 to 2 2 to 5 30 days 15 days 6 months t o 1 year years years 60 days 90 days 5,611 22;, 882 2 68,811* 19 9,1*05 1*0 3 810 81 7 5 l*,306,2O0 — 1,826,100 920,812 621,125 1,055,100 1,186,733 2,1*11*, 551* l / After d e d u c t i n g $375,721,000 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 d e d u c t i n g $ 2 , 5 1 0 , 0 0 0 p a r t i c i p a t i o n s of other F e d e r a l Reserve Bank;?. 2000,000 550 800,000 500,000 181*,000 Over 5 years 5,1*1*8,000
@FedFRASER