CONDITION OF FEDERAL RESERVE BANKS

Transcription

1 Released for publication Friday morning, Mar. 0; not earlier. STATEMENT FOR THE PRESS St Federal Reserve Board, March 19, 195. CONDITION OF FEDERAL RESERVE BANKS The consolidated statement of condition of the Federal reserve banks on March 18, made public by the Federal Reserve Board, shows decreases of $70,900,000 in holdings of discounted bills and of $4,600,000 in acceptances purchased in open market and an increase of $39*900,000 in holdings of Government securities. Total earning assets went down $57,00,000, total deposits $44,500,000, and Federal reserve note circulation $10,300,000, while cash reserves show a nominal reduction of $100,000 for the week. The New York reserve bank reports a decline of $86,100,000 in holdings of discounted bills, while St. Louis shows an increase of $7,00,000, Richmond - an increase of $4,900,000, and Atlanta - an increase of $,00,000. Of the remaining banks, five report a total increase of $3,100,000, and three - a reduction of $,300,000 In addition to the decline in discount holdings, the New York reserve bank shows a reduction of $,400,000 in holdings of acceptances purchased in open market. The remaining banks show relatively small changes in acceptance holdings for the week. The System's holdings of U. S. certificates of indebtedness went up $99,800,000, holdings at the end of the week including $100,500/000 of special one-day certificates issued by the Treasury to the New York, Philadelphia and Chicago reserve banks pending the coll action of income taxes due on March 15* Holdings of U. S. Treasury notes went down $61,00,000, while those of U. S. bonds went up $1,300,000. The principal changes in Federal reserve note circulation during the week comprise declines of $5,700,000 reported by the Cleveland bank, $,700,000 by Philadelphia, and $,300,000 by Chicago, together with an increase of $3,00,000 shewn for the New York bank. A summary of changes in the principal assets and liabilities of the reserve banks during the week and the year ending March 18, 195, follows: Increase or decrease during - Week Year Total reserves. Gold reserves Total earning assets Bills discounted, total Secured by U.S. Gov't, obligations Other bills discounted Bills bought in open market.... U. S. Government securities, total. Bonds Treasury notes Certificates of indebtedness... Federal Reserve notes in circulation Total deposits Members' reserve deposits Government deposits... Other deposits $100, ,000-57,00,000 70,900,000-65,000,000 5,900,000-4,600, ,900, ,300,000 61,00, ,800,000 44,500,000 5,800,000 0,00,000 1,500,000 - $,600,000-58,000, ,700,000-91,800, ,800, ,600, ,500, ,600, ,000, ,600, ,000,000 10,300,000-69,500, ,900, ,500,000,700, ,100,000 c.

2 Bel eased for publication Friday morning, March 0, 195. St a R E S O U R C E S "RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Mar Mar. 11, 195 Mar. 19,194 Gold with Federal reserve agents... 1, ,61,7,098,170 Gold redemption fund with U. S.Treasury 48,005 57>195 5,764 Gold held exclusively against F. R,notes 1,671,983 1,669,4,150,934 Gold settlement fund with F. R. Board 64,65 65, ,747 Gold and gold certificates held by banks 577, ,91 374,164 Total gold reserves,873,846,874,74 3,131,845 Reserves other than gold.. 136, , ,35 Total reserves... 3,010,594 3,010,711 3,33,197 Non-reserve cash 56,031 56,150 51,137 Bills discounted: -, Sec. by U. S. Government obligations 181,615 46,598 lb6,8o Other bills discounted 157, ,84 64,45 Total bills discounted , ,4 431,51 Bills bought in open market 76, ,354.^94*03^ U. S. Government securities:, ' Bonds 79,60 77,941 18,64 Treasury notes,171 83*360 17^*577 Certificates of indebtedness ,819 &7;^31 103,836 Total U. S. Government securities 48,50 388,33 96,677 Foreign loans on gold. 10,500 10,500 All ether earning assets 1,90 3, Total earning assets 1,056,84% 1,114,060 9,18$ 5% Redemption fund - F.R.Bank notes. - - $ : : : : : : : : : : g'.w : g All other resources 0,491 4,817 1,8$ 7 TOTAL RESOURCES.... 4,959,330 4,89,363 4,964,8) L I A B I L I T I E S F. R. notes in actual circulation.. 1,70,369 1,730,684 1,989,84 F. E. Bank notes in circulation - net ~ - ' Member bank - reserve account... isxtm.:::::-:::: _lis _ S S - J 3 Total a. I t e,11, s,013,131 :::: ' g;g : : IiToSe; i i a b i u t i e. : : : : : : : n ' J l n i 7 TOTAL LIABILITIES... 4,959,330 4,89,363 4,964,83 Ratio of total reserves to deposit and F, R. note liabilities combined... 7b. b% 7.5? 80.8> C.

3 Released tor publication Friday morning, Mardi 0, 195/ not earlier* RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, MARCH 18, 195. RESOURCES (In thousands of dollars) St. 4469b Federal Reserve Bank of Boston New York Phila. CI eve. Rich. Atlanta Chicago St.Louis Minn. Kane.Cy. Dallas San Fran. Total Gold with Federal Reserve Agents 163, ,89 138,76 170,545 59, , ,618 49,644 66,64 57,878 39,787 1,010 1,63,978 Gold redemption fuirf with U.S.Treas. 9,630 1,131 4,6,368 1,813,676 1,707 4, ,340,67,545 48,005 Gold held exclusively against.. F. R. note? 17, ,960 14,538 17,913 61, , ,35 53,94 67,59 61,18 4,054 14,555 1,671,983 Gold settlement fund with F.R.Board 49, ,83 4l,607 6l,546 10,955 14, ,851 1,05 4,343 49,965 7,780 34,98 64,65 Gold and gold certif. held by banks 7, ,600,865 9,466 3,994 9,699 94,74 10,163 6,597,894 9,14 8, ,598 Total gold reserves 49,580 87,39 07,010 63,95 96, ,5 363,900 85,130 98,53 114,077 78,976 77,764,873,846 Reserves other than gold 15,70 30,300 5,56 9, 91 5,145 13,05 18,593 18,954 1,78 3,653 9,168 5,85 136,748 Total reserves 64,850 90,69 1,57 73,16 101, ,457 38, , , ,730 88,144 83,589 3,010,594 Non-reserve cash 4,785 16,171,08 4,7 3,104 5,8 7,610 3, ,ll6,31 3,993 56,031 ''EiHsar""- ss $«as as ts as ;&,s,.s.,s ass sa Total bills discounted 7, ,164 31,896 49,07 35,344 16,811 7,441 14,350 3,867 4,419 1,50 3, ,484 Bills bought in open market U. S. Government securities: Bonds Treasury notes Certificates of indebtedness 39,74,66 13,636 3,795 5,60 1,460 7,101 85,09 3,659 l,4i6,14 14,854 30,49 10,948 1,154 6,46 11,368 1,407 1, ,94 1,701 1, ,840 19,649 8,998 6,557 13,58 1,549 6, ,803 8,776 7, ,439 8,965 1,395,8 10,618 6,6ll 10, ,839 3,116 4,49 5,650 76,711 79,60.,171 16,819 Total U. S. Govt, securities 0, ,653 38,484 38,348 3,09 3,584 55,04 8,487 16,983 3,64 17,485 33,58 48,50 Foreign loans on gold All other earning assets Total earning assets Uncollected items Bank premises All other resources - 3,055 1,050 1,400 87,773 64,59 4, ,49 96, ,658 7,908 16,450 1,114 5, , , ,83 66,800 7, , , ,049 39,507 98,050,780 8,099,011 1,75 36,60 40,84 3, ,03 15,456 3,039, ,46 4,307 4, ,0 3 l',833 1, ,500 1,90 85,584 1,056,847 41, ,19 3,69 58,775 4,698 0,491 TOTAL BESC T J CSS 45,96 l,447, , ,854 3,37 6,134 6l4, , ,663 10,93 155,338 4,848 4,959,330

4 Pel eased for publication Friday morning, March 0, 195 J not earlier. Federal Reserve Bank of F. E. notes in actual circulation Deposits: Member bank - reserve account Government Other deposits Total deposits Deferred availability items Capital paid in Surplus All other liabilities TOTAL LIABILITIES Ratio of total reserves to deposit and F. R._ note liabilities combined, per cent Contingent liability on bills purchased for foreign correspondents F. R. notes outstanding 3,645 F. R. notes held ty banks 3,733 F. R. notes in actual circulation 199,91 Bills discounted Bills bought in open narket Certificates of indebtedness Munic ipal warrants FESOUBCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS AT CLOSE OF BUSINESS, MARCH IS, 195. L I A B I L I T I E S (in thousands of dollars) Boston New York Fhila. Cleve. Bich. Atlanta Chicago St.Louis 199,91 36, , ,459 76,131 14, ,11 50, ,553 83,09 19, ,900 65, , , ,0 848,36 19, ,603 66,47 65, ,85 67,386 59,395 6,347 8,078 31,75 11,110 1,959 5,966 16,38 58,749 0,059,46 11, , , ,367 8,39 1, ,440 1,57 73, ,43 84,157 31,959 86,917 38,495 4,595 15,485 5,105 8,950 30,46 9, , Minn. Kans.Cy. Dallas San Fran. St. 4469c Total 66,771 66,00 44, ,519 1,70,369 58,319 90, ,651 91,799 14,547 38,767 3,63 4,307 7,497 8, i 6, ,41,175, ,16 498' 6,93 9,364 63,33 16,813,11,005 34,651 40, ,375 4,183 8,14 114,450 7,59 15,071 17, ,334 11,94 45,96 1,447, , ,854 3,37 6, , ,849 15,663 10,93 155,338 4,848 4,959, ,46 4,99 5,740,895,196 7,438,496 1,747,196 FEDERAL RESERVE MOTES OUTSTANDING AMD IN ACTUAL CIRCULATION 483, ,304 11,658 89, , ,44 58,354 69,515 74,1 10,940 6,658 3,199 13,49 19,34 13,13 7,718,744 8,10 1,897 3,794 51,853 50,644 41,15,031,838 5,677 46, ,469 36, , ,459 76,131 14, ,11 50,636 66,771 66,00 44, ,519 1,70,369 DISTRIBUTION OF BILLS, MUNICIPAL WARRANTS AND U. S. CERTIFICATES OF INDEBTEDNESS BY MATURITIES Frem 91 days Within 15 days 16 tc 30 days 31 to 60 dsgrs 6l to 90 days ce-ye ^ Over 6 months Total te 6 months ^49,71 73, ,500,587 55,777 37,440 85,048 18,180 55,970 8,671 6,73 9,475, , ,484 76,711 16,819

5 Released for publication Friday morning, March 0, 195/ not earlier. 3t- 4-rO^d * FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS,- MARCH. 18, Federal Reserve Agent at RESOURCES Federal Reserve nctes on hand Federal Reserve notes outstanding Collateral security for Federal Reserve notes outstanding: Gold and gold certificates Gold redemption fund Gold fund - F. R. Board Eligible paper - Amount required Excess amount held TOTAL (in thousands of d allart) Boston New York Phila. Cleve. Rich- Atlanta Chicago. St.Lcuia Misn~. 54,850 35,940 51,00 48,700 4,105-6,03 3, , *304 SH.658 3, W 161,849 7, ,698 6,000 8,780-5,000 9,508 9,131 1,887 11,765 4,751 5,913 16, , , ,000 54,795 18,000 60,337 11,719 45,08 4I,,113 30,#4,936 7,343 14,663 3,960 36,38 16,355 5,639 61, CT 184,44 58,35^ 69,515 1,075 13,05 4,973 3,569 1,07 160,645 34,060 5,500 18, I0 40,179 17,<,891 9,414, ff»j71 1,5% 74,1 50^644 TefcajL., 9^K99& 16,011-75,4l6 3,53 8 3,776 19,931 HO,)94' 54 r 360 0,000 19,079 1,37,76 16,44 10,857 9,05 407,860,439 1,136-1,580-17^90 509,483 1,307,699 41, ,54 l9y , , ,34 167, ,856 13;58l 566,610 5,5,174 l i a b i l i t i e s Net amount of Federal Reserve notes received from Comptroller of the Currency 78,495 09,488 34,504 60,358 #3,665 4,05 445,561 84,014 88,386 10,95 71, ,815 3,016,-434 Collateral received from Federal reserve bank: Geld Eligible paper TOTAL as as as % as as as "3? 509,483 1,307,699 41, ,54 19, , , ,34 167^ ,856 13^ ,610 5,5*1#