Released for publication Friday morning, Mar. 0; not earlier. STATEMENT FOR THE PRESS St. 4469 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 $100,000 900,000-57,00,000 70,900,000-65,000,000 5,900,000-4,600,000 + 39,900,000 + 1,300,000 61,00,000 + 99,800,000 44,500,000 5,800,000 0,00,000 1,500,000 - $,600,000-58,000,000 + 134,700,000-91,800,000 + 14,800,000-106,600,000 + 8,500,000 + 131,600,000 + 61,000,000 + 47,600,000 + 3,000,000 10,300,000-69,500,000 + 198,900,000 + 194,500,000,700,000 + 7,100,000 c.
Bel eased for publication Friday morning, March 0, 195. St. 4469 a R E S O U R C E S "RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Mar. 18. 195 Mar. 11, 195 Mar. 19,194 Gold with Federal reserve agents... 1,63.978 1,61,7,098,170 Gold redemption fund with U. S.Treasury 48,005 57>195 5,764 Gold held exclusively against F. R,notes 1,671,983 1,669,4,150,934 Gold settlement fund with F. R. Board 64,65 65,399 606,747 Gold and gold certificates held by banks 577,598 579,91 374,164 Total gold reserves,873,846,874,74 3,131,845 Reserves other than gold.. 136,748 135,969 101,35 Total reserves... 3,010,594 3,010,711 3,33,197 Non-reserve cash 56,031 56,150 51,137 Bills discounted: -, Sec. by U. S. Government obligations 181,615 46,598 lb6,8o Other bills discounted 157,869 163,84 64,45 Total bills discounted....... 339,484 410,4 431,51 Bills bought in open market 76,711. 301,354.^94*03^ U. S. Government securities:, ' Bonds 79,60 77,941 18,64 Treasury notes,171 83*360 17^*577 Certificates of indebtedness.... 16,819 &7;^31 103,836 Total U. S. Government securities 48,50 388,33 96,677 Foreign loans on gold. 10,500 10,500 All ether earning assets 1,90 3,45 51. Total earning assets 1,056,84% 1,114,060 9,18$ 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,11,005.55.53s,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.
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 163,308 361,89 138,76 170,545 59,546 138,913 165,618 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 4,98 968 3,340,67,545 48,005 Gold held exclusively against.. F. R. note? 17,938 373,960 14,538 17,913 61,359 141,589 167,35 53,94 67,59 61,18 4,054 14,555 1,671,983 Gold settlement fund with F.R.Board 49,099 186,83 4l,607 6l,546 10,955 14,964 101,851 1,05 4,343 49,965 7,780 34,98 64,65 Gold and gold certif. held by banks 7,543 311,600,865 9,466 3,994 9,699 94,74 10,163 6,597,894 9,14 8,911 577,598 Total gold reserves 49,580 87,39 07,010 63,95 96,303 166,5 363,900 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 73,16 101,453 179,457 38,493 104,084 100,314 117,730 88,144 83,589 3,010,594 Non-reserve cash 4,785 16,171,08 4,7 3,104 5,8 7,610 3,645 839,ll6,31 3,993 56,031 ''EiHsar""- ss $«as as ts as ;&,s,.s.,s ass sa Total bills discounted 7,956 103,164 31,896 49,07 35,344 16,811 7,441 14,350 3,867 4,419 1,50 3,689 339,484 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 1,543 79 1,94 1,701 1,015 868 31,840 19,649 8,998 6,557 13,58 1,549 6,566 37 8,803 8,776 7,767 440 14,439 8,965 1,395,8 10,618 6,6ll 10,90 584 7,839 3,116 4,49 5,650 76,711 79,60.,171 16,819 Total U. S. Govt, securities 0,093 169,653 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 4,190 69 38,49 96,489 178,658 7,908 16,450 1,114 5,193 314 1,08 609 46 1,564 55 368 118,83 66,800 7,573 06 50,350 561 33,151 116,049 39,507 98,050,780 8,099,011 1,75 36,60 40,84 3,871 345 30,03 15,456 3,039,99 46 500 43,46 4,307 4,111 567 30,0 3 l',833 1,783 399 798 10,500 1,90 85,584 1,056,847 41,715 756,19 3,69 58,775 4,698 0,491 TOTAL BESC T J CSS 45,96 l,447,656 385,479 470,854 3,37 6,134 6l4,053 188,849 1 5,663 10,93 155,338 4,848 4,959,330
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 36,608 156,646 188,459 76,131 14,507 171,11 50,636 135,553 83,09 19,500 184,900 65,67 68 563 68 495 635 01 15,707 385 1,08 165 136,0 848,36 19,953 186,603 66,47 65,099 143,85 67,386 59,395 6,347 8,078 31,75 11,110 1,959 5,966 16,38 58,749 0,059,46 11,701 433,837 35 976 60 7,140 306,367 8,39 1,3 65 661 136 1,440 1,57 73,508 308,43 84,157 31,959 86,917 38,495 4,595 15,485 5,105 8,950 30,46 9,971 615 1,58 485 Minn. Kans.Cy. Dallas San Fran. St. 4469c Total 66,771 66,00 44,967 194,519 1,70,369 58,319 90,660 791 45 541 894 59,651 91,799 14,547 38,767 3,63 4,307 7,497 8,977 934 44i 6,661 155,41,175,515 74 469 6,16 498' 6,93 9,364 63,33 16,813,11,005 34,651 40,987 684,375 4,183 8,14 114,450 7,59 15,071 17,837 71 1,334 11,94 45,96 1,447,656 385,479 470,854 3,37 6,134 614,053 188,849 15,663 10,93 155,338 4,848 4,959,330 78.8 74.5 74. 7.8 71.1 83.1 79-7 77. 79-3 74.6 81.5 79-4 76.6 16,46 4,99 5,740,895,196 7,438,496 1,747,196 FEDERAL RESERVE MOTES OUTSTANDING AMD IN ACTUAL CIRCULATION 483,548 183,304 11,658 89,560 161,849 184,44 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 46,696 311,469 36,608 156,646 188,459 76,131 14,507 171,11 50,636 66,771 66,00 44,967 194,519 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 73,193 100,500,587 55,777 37,440 85,048 18,180 55,970 8,671 6,73 9,475, 585 16,844 339,484 76,711 16,819
Released for publication Friday morning, March 0, 195/ not earlier. 3t- 4-rO^d * FEDERAL RESERVE AGENTS' ACCOUNTS AT CLOSE OF BUSINESS,- MARCH. 18,. 195- 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 3,645 483,548 183*304 SH.658 3, W 161,849 7,800 186,698 6,000 8,780-5,000 9,508 9,131 1,887 11,765 4,751 5,913 16,000 146,000 119,389 150,000 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 61,137-5.66CT 184,44 58,35^ 69,515 1,075 13,05 4,973 3,569 1,07 160,645 34,060 5,500 18,806 8 7I0 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 41,768 508,54 l9y580 391,540 670,164 160,34 167,315 178,856 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 71,801 303,815 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 41,768 508,54 19,580 391,540 670,164 160,34 167^315 178,856 13^581 566,610 5,5*1#