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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.IL.I Sept, 15, 19I49 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September lU member bank reserve balances increased $327*000,000* Additions to member bank reserves arose from decreases of $158,000,000 in Treasury deposits with Federal Reserve Banks, $135,000,000 in money in circulation, $2^#000,000 in nonmember deposits and other Federal Reserve accounts, and $5,000,000 in Treasury cash and increases of $2i_j.,000,000 in Reserve Bank credit and $2,000,000 in gold stock. Excess reserves of member banks on September lk were estimated to be approximately $1,210 ,000,000 ,. Holdings of loans, discounts and advances increased $8,000,000 while holdings of United States Government securities decreased $163,000,000, The reduction in holdings of United States Government securities reflects decreases of $212,000,000 in certificates and $1,000,000 in notes and an increase of $50,000,000 in bills. Changes in member bank reserve balances and related items during the week and the year ended September li|, 19^9 were as follows $ Increase or decrease since Sept, lli, 191+9 Sept. 7, 19^9 Sept# IS r 19U8 (In millions of dollars) U* S, Government securities Loans, discounts and advances Other Reserve Bank credit 17,250 121, i430 -163 + 8 +180 -3,955 - 160 2 Total Reserve Bank credit Gold stock Treasury currency 17,801; 2h,&k9 h,592 + 21, + 2 -1+,117 + 799 + 21 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F, R. accounts 16,322 27 J451+ 1,312 +327 -135 - 5 -138 - 2k -2 ,1^15 - 702 9 - 327 + 155 1,622 STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n t h o u s a n d s of d o l l a r s ) H.k*l(n) I n c r e a s e or d e c r e a s e since A S S E T S Gold c e r t i f i c a t e s R e d e m p t i o n f u n d f o r 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 D i s c o u n t s and a d v a n c e s I n d u s t r i a l loans U# S* GoTt. s e c u r i t i e s $ Bills Certificates Notes Bonds T o t a l U# S» Government _ _ _ _ _ _ T o t a l loans and s e c u r i t i e s Due f r o m f o r e i g n b a n k s F* R# n o t e s of o t h e r b a n k s Uncollected items Bank p r e m i s e s Other a s s e t s TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits• Member b a n k - r e s e r v e a c c o u n t U.S.Treasurer-general account 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 LIABILITIES C A P I T A L A C C O U N T S Capital paid i n Surplus (Section 7) S u r p l u s ( S e c t i o n 13t>) Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold c e r t i f i c a t e r e s e r v e s ~o 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 acceptances purchased for f o r e i g n correspondents Commitments t o make i n d u s t r i a l l o a n s Sept. 15, 19l|8 Sept, 7, I9h9 S e p t . lli» I9h9 22,851,^30 + 9,001 23,2*03,610" + + 791 9,792 + 880,758 68,795 811,963 19,853 + 1,802 7,^87 63 - l6o,499 266,167 123,066 601 + 329 -2,559,362 + 772,961 -1,469,300 3,576,510 5,600,100 298,100 7,775,200 + - 17,2^9,910 - 163,400 -3,955,095 17,373,577 - 155,850 + 24,225 +1,008,441 + 240 + 4,591 -11,115,923 1 15,721 292,215 + 465 12,124 44,550,746 + -3,621,754 23,324,163 - 86,906 16,321,905 334,116 421,930 509,281 17,587,232 + + + 326,749 138,155 40,585 16,561 164,570 828,536 -2,414,694 326,927 + 10,039 + 45,981 -y,6«5,60T 290,774 l,24o 907,440 5,361 -3,711,883 ks 128,1*81 3,205,301 32,865 140,697 50,000 211,900 1,500 + - 911,292 679,394 - 732,147 2,775,073 10,4.35 + 243,696,901 206,885 466,711 27,543 152,706 1J4, 550,746 57.2f0 2,ll6 1,339 102 + + 7,i48 18,522 + 5,954 + 64,459 + 911,292 -3,621,754 6.272 .1% 4o6 + 700 - 1,214 4,702 H.lf.i(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH SEPTEMBER ll+, I9h9 (In thousands of d o l l a r s ) ASSETS Total Gold c e r t i f i c a t e s 22,851,1+30 Boston New York Phila, Cleve, Rich. Atlanta Chicago S t . L o u i s 837,321+ 7,550,058 117l+,732 l62i+,580 1112*221+ 952,195.1+1+37,551 Minn*. Kans.Cy. 799,790 i+66,163 832,531 D a l l a s SanFran, 627,927.2716,355 Redemption fund f c r F. R. notes 552,180 50,729 Total gold c e r t i f i c a t e reserves 25,1+03,610 888,053 1+5*14+5 1+6,318 60,988 51,385 ki,lhk 8l+,829 1+3,1+62 22,557 35,181 7,375,503 1221,050 1685,568 1163,607 1023,339 1+522,380 753,252 1+88,720 867,712 26,51+2 1+5,602 65^,1+69 2759,957 other cash 266,167 32,782 1+7,917 11,86? 26,952 19.-067 21,087 32,163 11,719 6,681 12,139 10,755 35>ol+0 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 123,066 601 6,502 1+5,157 7,729 578 12,282 1 6,538 22 l+,557 16,197 3,81+6 2,1+68 l+,657 > 3,681 9,1+72 229,601 191,71+8 535,676 316,907 Certificates Notes Bonds 3,576,510 21+6,736 81+7,597 21+3,625 329,865 193,282 115,782 172,989 15l+,?02 5,6oo,ioo 293,100 7,775,200 386,31+1 20,565 536,395 1,327,167 70,61+7 1,81+2,61+5 381,467 20,306 529,631 516,505 359,510 300,237 835,630 302,61+1 27,1+91+ 19,137 15,982 l+i+,1+82 16,110 717,111+ 1+99,11+5 1+16,852 1160,192 1+20,187 131,292 9,650 251,707 270,865 11+,1+19 376,0?! 21+2,233 1+96,211+ 12,891+ 26,1+11+ 356,516 638,91+5 T o t a l U.S.Government securities 17,21+9,910 1190,037 .i+,086,056 1175*029 1590,976 1107,393 92l+,8l9 2573,980 952,220 558,1+51 85l+,3l+!+ 7l+6,ll+5 1528,1+80 17,375,577 1196,559 929,576 2590,177 956,066 560,899 859,001 2 1 2 T o t a l loans and securities Due from f o r e i g n banks 1+8 F.R.notes of other banks Uncollected items BanK premises O oner a s s e t s T0TAL ASSETS 3 1+,155,195 1185,556 1603,259 1115,955 1 / 1 5 I4. I4. 2 2 7 128,1+81 8,857 lB",958 6,159 6,377 11,058 11,392 18,619 6,983 7,551+ 7,9li0 3,205,301 32,865 ll+0,69? 255,815 l,ll+8 9,669 581,083 7,91+6 52,699 199,185 3,009 9,238 302,301+ l+,75u 13,182 28l+,80l+ 2,1+99 9,l!+l 206,590 1,538 7,1+51 517,719 3,177 21,1+10 171,216 1,910 8,613 100,255 1,156 1^,1+36 166,875 2,351+ 6,721 71+9,826 1557,952 2 1+ l+,ll+l 20,1+63 11+0,601 278,85=> 730 2,61+1+ 5 ^ 8 6 0 _ . 12^2LL l+l+,550 ,7l+6 2392,866 12,197,291+ 2633,81+8 361+2,1+00 2601+.,131 2200,775 7705,652 1889,761 1169,702 1902,71+2 1566,532 1+61+5,193 1/ After d e d u c t i n g $35,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve PATIICS. H.l;.l(c) STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BANKS ON SEPTEMBER lU, 19l*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. 5,33U,309 1598,1*80 2063,1*10 1571*.312 1275,809 U50l,363 1070,219 610,373 911;,371 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 23,321;, 163 1377,21*0 Deposits; Member b a n k - r e s e r v e a c c t . 1 6 , 3 2 1 , 9 0 5 696,196 5,501*, 116 71*5,892 1189,030 662,650 61*2,313 255U.153 U.S.Treasurer-general a c c t . 33li*H6 20,000 28,301; 32,61*8 23,698 33,992 20,U87 35.53U Foreign 1*21,930 33,328 20,1*13 17,081 57,U91 38,327 26,21*6 1/136,956 Other 509,281 1,718 l*,ooi 710 3,172 1*,795 l*,2i6 "1*1*1*, 563 17,587,232 71*7,11*5 6 , 1 2 1 , 1 6 9 800,938 1260,1*56 719,712 683,802 261*8,808 Total deposits 1*81*, 111 166,1;80 239,102 2614,50l; 203,000 1*36,395 Deferred a v a i l a b i l i t y items 2 , 7 7 5 , 0 7 3 213,187 Other l i a b i l i t i e s i n c l u d i n g 51*0 2,896 580 1*61 1,073 1,797 io,l*33 695 accrued dividends TOTAL LIABILITIES 1*3,696,901 Capital paid i n 206,885 Surplus ( S e c t i o n 7 ) 1*66,711 Surplus ( S e c t i o n 13b) 27,51*3 Other c a p i t a l accounts 152,706 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*1*,550,71*6 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 2,116 Commitments t o make i n d u s t r i a l loans 1,339 F.R. n o t e s o u t s t a n d i n g 21*,059,005 C o l l a t e r a l f o r 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 ll; , 2 1 9 , 0 0 0 E l i g i b l e paper 21,863 U.S. Govt, s e c u r i t i e s 10,850,000 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 Total 1237556 601 17,21*9,910 579,120 I4 08,602 33,709 26,260 Hi,998 10,1*15 1,01*6 6,516 631*, 31*3 1*1*6,323 89,1*90 150,908 1*1*6 356 D a l l a s SanFran, 613,503 2390,769 758,089 751,1*57 23,096 23,021; 11*, 581 H*,998 512 2,21*3 798,351; 789,61*6 156,396 130,917 366 1830,287 33,361; 37,096 35,789 1936,536 21*0,583 81*0 383 2338,267 ll,9l*2,li85 2566,1*78 3561*,CtU 2559,068 2163,072 7588,363 1855,916 111*6,51*2 1869,1*87 1531*,1*51* 1*568,728 11,537 70,992 15,016 19,335 9,083 8,135 26,009 6,812 U,563 7,223 8,310 19,870 29,31*7 H*3,019 36,701; 1*3,968 22,1*17 20,028 68,81*2 17,971* 11,797 17,008 ll*,95l* 1*0,653 3,011 7,319 1*,1*89 1,006 3,31*9 762 i,U29 521 1,073 1,137 1,307 2,ii*0 10,701* 33,1*79 H,l6l H*,050 10,211; 8,778 21,009 8,538 5,727 7,887 7,357 13,802 2392,866 12,197,291* 2633,81*8 361*2,1*00 26oi*,i3i 2200,775 7705,652 1889,761 1169,702 1902,71*2 1566,382 133 60 11*27,026 76 53 76 71* 188 107 1,057 15 — 27 — 5,1*99*075 161*2,327 2133,278 1621,730 1327,700 1*591,61*2 110)1,661* ~ 622,75!* — 91*0,815 — 61*1,772 73 2506,222 31*0,000 210,000 280,000 703 285 1,515 850,000 1*50,000 700,000 181*,000 — 500,000 2000,000 1,703 800,000 2 / 669 169 195 101* 1*1*0,000 1;,670,000 750,000 1000,000 650,000 7U5 — 2,260 1,002 13,650 1100,000 1,000,000 1000,000 1150,000 1000,000 Within 15 days 33,1*82 551 1,282,096 292 1*61*5,193 87 675,000 3020,000 — ~ 700,000 1600,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 16 t o 6" months 61 t o 91 days t o 1 to 2 31 t o 2 to 5 30 days 90 days 6 months t o 1 year years 60 days years 67858 68,269 IT H* ,1*53 30 1* 13 1,826,100 908,833 1,602,300 2,165,153 1,002,628 3 , Oil;, 800 l/ After d e d u c t i n g $2814,9511-,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, 5"/ After d e d u c t i n g $ 1 , ] 4 J 7 # 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 Banks* Over 5 years 5MS,000
@FedFRASER