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BOAiRD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM October 20, I9k9 (For Immediate Release) H.i+.l CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 19 member bank reserve balances increased $289*000,000. Additions to member bank reserves resulted from decreases of $23^,000,000 in Treasury deposits with Federal Reserve Banks, $119,000,000 in money in circulation, and $99*000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by decreases of $130,000,000 in Reserve Bank credit and $19,000,000 in gold stock and an increase of $1^,000,000 in Treasury cash. Excess reserves of member banks on October 19 were estimated to be approximately $1,11*0,000,000. Holdings of loans, discounts and advances increased $13,000,000, while holdings of United States Government securities decreased $113,000,000. The change in holdings of United States Government securities reflects a decrease of $113,000,000 in bills. Changes in member bank reserve balances and related items during the week and the year ended October 19, 19h9 were as follows* Increase1 or decrease since Oct. 19, I9h9 Oct. 12, 1 1949 Oct. 20, 1948 (In millions of doll.ars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 17,666 123 368 -113 • 13 - 31 -5,526 - 167 - 19 Total Reserve Bank credit Gold stock Treasury currency 18,157 24,535 4.591 -130 - 19 - 1 -5,712 + 602 + 17 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F* R. accounts 16,405 27,^27 1,310 317 1,874 +289 -119 + 14 -234 - 99 -3,505 - 730 - 16 -1,213 + 371 H.J|.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDER/iL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) I n c r e a s e or d e c r e a s e since Oct. 1 9 , 191+9 Oct. 12, 19U9 22,776,1+29 5U8,55k 25,521+, 985 - 31,002 t §5.0 - 30,352 Other cash 266,67k + 11,512 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 Total U. S. Government securities 121,877 951 + l5,iU+ + 5 - 1+, 055,121+ 5,775,900 298,100 7,538,200 -11.5,000 — — — -1,893,918 - i+3l+,269 - 603,500 -2,59l+,197 17,665,621+ -115,000 -5,525,88!+ 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 Uncollected items Bank premises Other a s s e t s 17,788,1+52 35 116,711 3,051,805 52,999 119.397 - 99,851 + 11,605 +1+07,753 + 171 + 5,669 -5,695,171+ 11+ 22,696 119,258 + 695 65,511 1+1+,681,056 +506,507 -5,282,666 25,268,708 - 95,275 - ASSETS Gold c e r t i f i c a t e s Redemption fund for F . R, n o t e s Total gold c e r t i f i c a t e r e s e r v e s TOTAL ASSETS — f Oct. 20, 191+6 + + 697,998 82,1+07 615,591 1+99 167,112 178 L I 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 account U.S. T r e a s u r e r - g e n e r a l account Foreign Other Total d e p o s i t s 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 accrued dividends TOTAL LIABILITIES 16,1+05,087 316,887 575,585 566,1+58 17,88+"~oi7 2,665,699 +289,131 -232+, 502 + 17,795 -lll+,713 - 1+2,289 +1+58,510 -5,50l+,91+9 -1,215,1+79 + 120,712 + 108,085 -l+,l+89,655 - 100,11+6 n,9lU 1+5,808,558 I+59 +302,307 2,991+ -5,565,J+2l C A P I T A L ACCOUNTS C a p i t a l paid i n Surplus ( S e c t i o n 7) Surplus ( S e c t i o n 13b) Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS 207,125 1+66,711 27,51+3 171,339 iil+,681,056 Ratio of gold c e r t i f i c a t e r e s e r v e s to 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 to make i n d u s t r i a l loans 56*7% 3,21+3 l,88l+ 92 v««V — + 1+,108 +306,507 • 1% 1+27 8 772,61+8 + + 7,11+0 18,522 — + 57,093 -5,282,666 7.8% 1,969 2+,2i5 H.4-l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 1 9 , 1949 (In thousands of d o l l a r s ) A S S E T S Total Boston 22,776,429 858,294 548,554 50,293 reserves 23,324,983 908,587 other cash 266,674 30,974 46,482 12,749 21,807 17,769 21,476 36,494 14,551 6,497 10,838 13,172 33,865 Discounts and advances 121,877 I n d u s t r i a l loans 951 U. S. Govt, s e c u r i t i e s ; Bills 4,053,^24 7,396 32,297 7,903 848 9,754 1 6,828 89 4,901 13,533 5,751 7,150 13 14,272 3,404 8,688 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 New York Phila. Cleve, Rich, 7,525,721 1174,5l4 1593,384 1062,050 43,579 45,590 60,371 52,295 Atlanta Chicago S t . L o u i s 942,124 4361,326 40,740 84,202 Minn. Kans.Cy. 702,962 428,409 824,984 43,279 22,486 35.031 746,241 450,895 860,015 D a l l a s SanFran. 607,564 2695,097 27,419 43,269 certificate Certificates Notes Bonds 7,569,300 1220,104 1653,755 Hl4,3l+5 982,864 1)1445,528 634,9832738,366 279,637 960,621 276,111 373,851 260,218 217,316 604,839 219,055 131,221 196,056 175,332 359,167 398,469 20,565 520,045 1,368,830 70,647 1,786,478 393,1443 20,306 515,487 532,717 27,494 695,256 370,795 19,137 483,930 309,664 861,862 15,982 44,482 404,145 1124,828 312,142 16,110 407,579 186,984 9,650 244,034 279,368 i4,4i9 564,608 249,836 12,894 526,065 511,790 26,414 667,945 17,665,624 1218,716 4,186,576 1205,34? 1629,318 1134,080 947,107 2636,011 954,686 571,889 854,451 764,127 1565,316 17,788,452 1226,112 4,218,875 1212,096 1639,073 U40.997 952,008 2649,544- 960,457 579,052 868,725 767,551 1574,004 5,775,900 298,100 7,538,200 Total U.S.Government securities Total loans and securities Due from f o r e i g n banks 55 2 l / 11 3 3 2 2 5 1 1 F.R.notes of other banks 116,711 Uncollected items 5,051,805 Bank premises 32,999 other assets 119,597 5,4ll 242,703 l,l43 8,580 21,234 550,528 7,927 27,527 4,452 198,808 5,005 7,884 6,219 272,513 4,74l 11,525 11,676 257,709 2,491 7,331 11,086 197,448 1,534 6,245 17,267 462,964 3,172 18,554 6,521 171,130 l,906 7,487 4,686 94,811 1,153 5,765 TOTAL ASSETS 1 3 7,056 5,665 169,827 148,925 2,546 726 5,605., 5,-l45 1 15,46o 264,43? 2,85" 10,?Q? 44,681,056 2423,312 12,441,882 2659,081 3609,456 2552,520 2172,665 7655,508 1908..274 1140,860 1924.411 1576,146 463?,363 l/ After deducting $24,000 participations of other Federal Reserve Pnnk*. H.ii.l(c) loston L I A B I L I T I E S Total F e d e r a l Reserve notes 2 3 , 2 6 8 , 7 0 8 1373,155 Deposits» Member b a n k - r e s e r v e a c c t . 16,1*05,087 7lli,509 U.S.Treasurer-general acct. 316,887 I9,7ii9 Foreign 575,585 35,362 Other 566,U58 2,1+96 Total deposits 17,861*. 017 Deferred a v a i l a b i l i t y items 2 , 6 6 3 , 6 9 9 Other l i a b i l i t i e s i n c l u d i n g accrued dividends ll,9ll* TOTAL LIABILITIES 1*3,808/338 Capital paid i n 207,125 Surplus (Section 7) 1+66,711 Surplus ( 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 171,339 TOTAL LIABILITIES AND lUt,681,056 CAPITAL ACCOUNTS 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 5,21+3 Commitments t o make i n d u s t r i a l loans 1,881+ F.R. n o t e s o u t s t a n d i n g 2!+, 031,1*02 C o l l a t e r a l for F.R, notes held' b y F.R. A g e n t s ; Gold c e r t i f i c a t e s ll*,279,000 E l i g i b l e paper 26,1+73 U.S. Govt, s e c u r i t i e s 10,800,000 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 STATEMENT OF CONDITION OF THE FEDERAL RESERVE RANKS ON OCTOBER 19, 191+9 ( I n thousands of d o l l a r s ) New York Phila. Cleve, Rich, A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. 5,325,138 1592,28U 2039,376 1577,580 1276,1*07 1+1+86,1*37 1076,025 6l2,6i+U 910,1+1+3 Dallas 623,853 SanFran, 2375,366 5,61*3,112 Uo,9Ul i/191,635 - 501,797 761i,2io 1187,031 20,162 25,321+ l+l+,90l+ 51,61+0 1,138 1+,851 639,007 23,061 27,501+ 7,870 612,1*12 2505,171 27,857 29,812 23,013 77,1*59 63I* 5,H3 592, cl+1* 383,511; 23,202 25,211* 20,207 H i , 033 6,70!+ 1,1*17 782,737 26,213 20,207 933 7Uli,739 18,699 19,61*6 531 1836,601 36,653 U9,975 32,971* 772,116 221,1*63 6,377,1*85 1*76,650 856.,1*H* 1268,81*6 167,033 219,691* 697,1*1+2 230,U01 663,916 2617,555 193,082 1*07,181 61*1+,169 152,756 1+22,166 81,926 830,090 H+9,33l 783,615 135,1*1*2 1956,203 228,735 675 3,302 1*81 %7 1+63 501* 981 669 1,395 609 507 1,981 2367,1*11*: 12,182,575 2590,1*00 3529,311 2506,032 2133",912 7513,151*' 1873,1*31 1117,083 '1390,327 '15U3.UH* 1*551,285 11,519 71,008 15,021 19,353 9,162 8,11+0 26,037 6,835 l*,57l* 7,230 8,31*5 19,901 36,701* 1+3,968 22,1+17 20,028 68,81+2 17,97!; 11,797 17,008 lit, 951* 1+0,653 29,31*7 11+3,019 3,oil 7,319 1*,1*89 1,006 3,31*9 762 1,1+29 521 1,073 1,137 1,307 2,11*0 12,021 37,961 12,1*67 15,798 11,360 9,821 23,81*6 9,515 6,353 8,709 8,126 15,381* 21+23,312 12,1+1+1,882 2659,031 3609,1*36 2552,320 2172,663 7635,508 1908,271* iii+0,860 I92l*,l+ll 1576,11+6 201* 60 11+28,581 2 / l',025 117 61 117 113 289 — 868 81+5 15 — 26 — 5,1*93,878 161+1,787 2115,908 1626,273 1326,1+65 1*573,809 1113,608 — 62l+,278 ~ 939,963 — 657,880 70 21+88,972 259 298 1+639,365 159 133 1+1*8 i+,670,000 750,000 1000,000 650,000 675,000 3020,000 1*00,000 210,000 280,000 18l*,000 2000,000 3,225 51*3 — 2,320 -— 2,1*75 1*,850 10,960 — 500 1,000,000 1000,000 1150,000 1000,000 700,000 1600,000 800,000 1*50,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AM) SECURITIES Over 16 t o 2 to 5 6 months 1 to 2 91 days t o 61 t o Within 31 t o 5 years years years Total 30 days 6 months t o 1 year 90 days 15 days 60 days 121,877 31,753 12,981 1,030 5 68,683 825 55 1+ 35 32 951 5,1+1*8,000 1,826,100 506,650 1,1+51*, I+02 2,067,1*69 1,055,100 U, 306,200 17,665,621+ 1,001,703 1+1+0,000 1,600 1100,000 1/ After deducting $383,929,000 participations of other Federal Reserve Banks, 2 / After deducting $2,218,000 participations of other Federal Reserve Banks.
@FedFRASER