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BOuRD OF GOVERNORS OF TH2 FEDERAL RESERVE SYSTEM (Released, for P u b l i c a t i o n F r i d a y .morning, December. 13; not e a r l i e r ) December 12, I9I4.6 K.ii.l CONDITION OF THE; FEDERAL RESERVE BANKS During the week ended pep ember H member bank r e s e r v e b a l a n c e s i n c r e a s e d $257*000,000. A d d i t i o n s t o member bank r e s e r v e s arose from an i n c r e a s e of $211,000,000 i n Reserve B a n k ' c r e d i t and d e c r e a s e s of $18,000,000 i n Treasury cash, $53*000,000 i n Treasury d e p o s i t s w i t h Federal Reserve Banks and $iil,000,000 i n rionmember d e n o s i t s and o t h e r Federal Reserve a c c o u n t s , o f f s e t i n p a r t by an i n c r e a s e of $lj0,00Q,00Q*iii money i n c i r c u l a t i o n and.a decrease of $27,000,000 i n gold s t o c k . Excess r e s e r v e s of member banks on December 11 were e s t i m a t e d t o be approximately $930,000,000. Holdings of l o a n s , d i s c o u n t s and advances i n c r e a s e d $lji.j.,000,000 and of United. S t a t e s Government s e c u r i t i e s $2)40,000,000. The -increase i n h o l d i n g s of United S t a t e s Government s e c u r i t i e s r e f l e c t s i n c r e a s e s of $138,000,000 i n b i l l s and $5&,000,000 in c e r t i f i c a t e s . Changes i n member bank r e s e r v e .balances and r e l a t e d items d u r i n g tKe weok and the year ended'December 1 1 / I9I46, 'were as follows; I n c r e a s e or decrease since Dec. k, Dec. 1 1 , Dec. 12, 19I16 19ii5 (In millions of dollars) U, S. Government securities Loans, discounts and advances Other Reserve Bank credit 2»|, 128 291 377 +. + Total Reserve Bank credit Gold stock Treasury currency 2U,796 2o,h5o 1,551 211 - . 27. •f 1 Member bank reserve balances uoney in #ci rculati on Treasury cash Treasury deposits with F, R. Banks •Nonmembor deposits and other F. R. accounts lo,.'i/9 20,9U6 - l.lj.76 i + * hh : 23 — 81 ik + . 2,2J0 o26 21*0 . 257 . !;0, 18. 53 Ll" + + • '+. + + • 4* + + 635 532 U05 23U 810 576 2 -.. 1 «. 216 HU.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) I n c r e a s e or decrease since December 1 1 , 19^6 December i | , I9I16 December 1 2 , I9ll5 A S-S E T S . Gold certificates Redemption fund for F#R. notes r Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S# Govt, securities; Bills Certificates Notes B on ds ' 17,501;,, 1I /7 O 791-,1*21* - 16,,996 + • k,,965 '• 18,295,, 6 0 0 - 1 2 ,,033 + - + 339, , 1 1 1 + • 1 5 , ,1*02 + liOli,,513 + 3h,,932 2 1 , ,700 l, ,167 258; ,059 . 2-89,,950 1,,132 1,, 507' + .1*1*,,1*73 + 56 15,01-9.,359 7,1*30,,012 395: ,100 753, 022. +188, ,239 +• 52 3, 000 • .-—... 211,127,,361 +21*0,,239 + T o t a l loans and s e c u r i t i e s sU-Jue,,9^3 +284,, 7 6 8 . . . . +.. 612, 381 Due .from 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 102 127, .1*55 2,370,.139 32, 536 53, 876 T o t a l U# S # Government se c u r i t i e s TOTAL ASSETS - +2 ,6U2,7i+9 603,1+1*9 - 1 , 2 1 0 , ,550 195, ,502 «... - - +iii, 1L38 - 35,-3214 + + ,+ - + •2- i ,L£M 635, ,2lt 8 8 1,,91*0 229,963 1,,118 15,,008 1*5,556, 710 +2511,,29k +1 ,267, 095 21}, 896,1,91 + 52,1; 71* + 380,196 + + 810,1;97 : 1,358 315,601 13,532 U80,006 + 310,595 L I A B I L I T I E S F e d e r a l Reserve notes Deposits 5 Member b a n k - r e s e r v e a c c o u n t U « S # T r e a s u r o r - ge ne r a 1 a c e o u n t ' '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 dividends^ TOTAL LIABILITIES . . 16,1+79,159 •625,598 570,201 301;, 567: 17,, 979,355 - ld,57l* 1,993,161; i,ool* +160,961* + 33,121 ll*,955 U}, 833,965 + 9l*I +252,506 accrued C A P I T A L A C C Q U S l ' S Capital paid in 185,258 S u r p l u s ( S e c t i o n 7) 358,355 S u r o l u s ( S e c t i o n l*5b) .. 27,ii28 Othor c a p i t a l accounts . 101,701; TOTAL LIABILITIES „KD CAPITAL ACCOUNTS 1*5,556,710 ^ 556,710 R a t i o of g o l d c e r t i f i c a t e . r e s e r v e s t o d e p o s i t and F . ' R, n o t e liabilities-combined 1*2/7% • C o n t i n g e n t l i a b i l i t y on b i l l s for foreign correspondents Commitments t o make i n d u s t r i a l +257,1*31* ' - 53 ,"'892 ' ' + 210 2.8U6 +1,173,6143 + + + 1,578 11,111 130,202 263 1*7,621} +25U.29U +1 , 2 6 7 , 5 9 5 '+ +. .1% 11; 1 + .83 + 6,U7l 5,1*00 purchased 6,1471 loans, 8,365 + 1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 1 1 , I9I4.6 ( I n thousands of d o l l a r s ) A S S E T S 3oid c e r t i f i c a t e s tedenption fund f o r F. R. notes T o t a l gold —: Total Boston New York 17,504,176 761,335 5/165,263 791,421* 55,758 121*,82o w>'-7»ulrj ux/jw^^ Phila. Cleve. Rich. Atlanta Chicago S t . L o u i s 831,712 1101,975 1146,931-1 1001,329 3189,956 6l,3ii4 77,934 59,387 Minn. Kans.Cy. 582,882 3li3,61i7 588,074 132,019 46,553 21,412 34,100^ xu4/,oxx 2;?^x,y/2 "^^-,4^9 ^o?,up9 CX:c,x/4 29,815 46,340 14,738 27,51*0 5,329 6,633 15,803 8,520 703,5942512,905 636,095 403,131 46,432 D a l l a s SanFran. 480,154 2307,915 25,067 106,548 certificate _J_ Other cash 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 : B i l l s certificates J otes ; n 256,059 289,950 1,132 •J>'~y-Ji^^j 21,05-4 14,244 48 54,622 74,825 <jy<~>,vjyv x±iy,y^y 18,029 23,200 1,001; XC<JU,JC-± 19,531 26,458 21,670 22,259 783,966 15,01*9,359 810,543 3,802,U71 1006,050 1439,603 7,430,012 89.5,100 755,390 543,479 ,66,075 55,614 1,860,665 225,145 189,500 555,893 64,559 54,539 631,905 445,789 76,127 53,70); 61,071; 15,202 17,596 17,321 378,772 944,108 406,779 225,208 l 4 5,63i 113,738 -49,005- -27,140 58,407, 95,751. U,2!;7 22,044 669,937 ^u^,^^x £.4x4,40.9 10,481 9,325 29,341 13,035 470,214 1808,790 366,704 360,969 1&,IUC 'Uk,h50 57,386 37,413 706,461 05,108 71,654 T o t a l U.S. Government securities Total s e c uloans r i t i e sand Due from f o r e i g n banks " 21;,127,361 1460,711 6,085,931 l662,.02o 2211,709 1328,661 1166,404 3666,462 1133,126 676,1;03 H2o,445 921,046 2671,993 2 a , 4 l B , 9 4 3 "1495,003 6 , l 6 0 , 8 0 6 l6G7,lOli 2238 f 2l;7 1350,920 1183,925 3712,022 1160,666 685,086 1120,965 9 3 0 , 3 7 1 2 6 8 5 , 0 2 ti 102 F.R.notes of other banks I27,ii55 Uncollected items 2,370,139 5 5,3ol; 177,653 15,972 473,688 tank premises 32,536 1,301 other assets 55,876 5,964 TOTAL ASSETS l/46 8,li77 ,.12,935 7 5,663 139,003 '8 4 3 6,390 29,021; 197,301 208,064 12,207 161,646 11 14,565 400,637 3 2 3 6,612 3,496 125,740 64,1+70 6,039 120,980 5,182 . 5,866 2,695 1,529 3,064 2,015 1,272 2,527 5,li77 4,758. 3,265 2,747 7,265 3,445 1,660 2,595 3 7 3,518 15,785 99,351 201,570 798 1,794 2,411 5,510 15,556,710 2 52X, 377-12,016,679 2752,521.3650,030-2022,759 2427,544 7490,202 1944,700-1126,574 1899,092 1552,134 5355,298 l/ A f t e r d e d u c t i n g $56,000 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) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 1 1 , 191+6' ( I n thousands of d o l l a r s ) Total Boston 24,896,491 1493,006 New York Phila. Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. 5,656,225 1695,991+ 2127,1+23 1736,955 11+52,216 L.566,086 1117,21+5 . 5 9 2 , 1 ^ 3 919,749 Dallas ^anFran. 610,109 2831,342 Federal Reserve notes Deposits: Iviember b a n k - r e s e r v e a c c t . . 16,479,189 739,359 5,165,591+ 799,551+1169,1+05 755,198 71+7,91+6 2571,959 621,209 1+15,900 8oi+,010 773,1+71 2117,581+ 51.261 23,091 >1,084 30,935 1+5,1+81+ 1+1,017 29,079 65,709 U.S.Treasurer-general acct. 625,598 59,845 178,851 1+2,250 63,992 44,432 16,836 17,4l4 13,192 17,941 Foreign 570,201 34,040 1/217,860 2i;,801 20,052 70,710 1+5,798 1+9,075 44,639 1,461 1,903 7,629 2,815 4,205 Other 504,567 2,771 909 5,992 225,606 2,040 6,4oi Total d e p o s i t s 17,979,355 317,447 5,787,911 337,642 1233,373 321,737 797,986 2512,370 690,263 462,989 854,146 820,551 2237,590 53,142 100,062 97,753 173,640 Deferred a v a i l a b i l i t y items 1,993,161+ 166,935 357,934 U 5 , 0 7 7 169,92c 179,669 143,469 318,658 111,925 Other l i a b i l i t i e s i n c l u d i n g l.cA cite 725 597 2,619 •'•55 -o? 1,351 4,561 936 1,429 751 14,955 accrued d i v i d e n d s 4 4 , 8 3 5 , 9 6 5 2478,119 11,bub,629 2697,6I+9 3537,645 2789,136 2399,263 7399,713 1919,94? 1103,730 1874,540 1523,666 5293,923 TOTAL LIABILITIES Capital paid in 6,103 4,012 6,145 6,739 17,155 22,314 185,258 10,912 "64,791 13,910 7,057 13,235 7,785 S u r p l u s ( S e c t i o n 7) 12,939 3,369 11,891 10^670 28,924 53,029 33,745 14,450 15,593 353,355 22,439 116,360 28,946 Surplus ( S e c t i o n 13b) 527 1,073 1,157 1,307 2,1142 1,429 1,007 27,1428 3,012 7,205 4,501 762 3,326 4 , 7 0 2 11,154 5,184 ,690 5,379 Other c a p i t a l accounts 13,717 9,543 101,704 6,395 21,194 7,515 6,007 6,919 TOTAL LIABILITIES AND 4 5 , 5 5 6 , 7 1 0 2521,377 12,016,679 2752,521 3650,050 2822,759 2427,544 7490,202 1944,700 1126,574 1399,092 1552,134 5353,298 CAPITAL ACCOUNTS Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents .6,471 4l4 2/2,155 537 602 304. 246 867 220 162 213 207 544 Commitments t o make i n d u s t r i a l loans 1,309.. 1,534 57 — 332 4,265 — 450 155 133 8,365 F. R. notes outstanding 25,570,639 1524,655 5,827,031 1740,046 2179,353 1331,025 1437,291 4647,260 1152,343 605,793 942,410 638,137 2994,787 Collateral for F. R. notes held by F. R. Agents: Gold certificates 10,999,000 455,000 5,470,000 540,000 655,000 700,000 595,000 2070,000 500,000 135,000 230,000 169,000 1600,000 Eligible paper 26,l+4o n,l4o — 15,430 — — 22,600 5,050 5,725 — 350 33,160 4,945 U. S. Govt, securities 15,132,546 1100,000 2 , 5 0 0 , 0 0 0 1200,000 1550,000 1150,000. 900,000 2600,000 957,346 4 2 5 , 0 0 0 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 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 239 ,950 1,132 24,127,861 Within 15 days 136,808 1,076 3,997,694 16 t o 30 days 16,575 61 t o 1 to 2 6 months 2 to 5 91 days t o 90 days t o 1 year years 6 months years 128,420 8,347 • 2 . 6 4 7 34 3 2,618,291 6,535,486 5,217,562 1,517,906 5,51+4,532 320,400 148,350 6,383,486 l / A f t e r deducting $551,965,000 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/ lifter d e d u c t i n g $4,516,000 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. 51 to 60 days Over 5 years 580,040
@FedFRASER