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Form F. R. 283 STATEMENT FOR THE PKESS Released fo r p u b lica tio n Friday morning, Deo. 1.5; not e a r lie r , Board o f Governors o f the Federal Reserve System December 14,1944 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 13, member bank reserve balances decreased $^2,000,000, Reductions in member bank reserves arose from increases o f $56,000,000 in money in circu la tio n , $11,000,000 in Treasury cash, and $214.5,000,000 in Treasury deposits with -Federal R:;serve Banks, o ffs e t in part by an increase o f $101,000,000 in Reserve Bank cred it and a decrease o f $39,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves o f member honks on December 13 were. estimated to be approximately $1,300,000,000» ?v * • Holdings of'loans-, discounts'and advances decreased $207,000,000 ’vhile holdings o f United States Government secu rities increased $266,000,000, The increase in holdings o f United States Go-^rnment secu rities resulted from an increase o f $384,000,000 in c e r t ific a te s and $6,000,000 in notes and a d'/'craa-se o f $121*,000,000 in b i l l s . Changes in member bonk reserve balances and related items during the week and the year ended December 13, 1944, ’'/ore as follow s 5 Increase or decrease since Dec. 13, 19 44 Doc# 0, 1944 (In m illio n s * U ,S ,G o v t, s e c u r i t i e s ( i n c l , g u a r, s e c , ) L oans,.discounts and advances Other R eserve Bank c r e d i t Dec. 15 1943 of d o lla rs) * T o ta l R eserve’ Bank c r e d i t Gold stock T re a s u ry c u r r e n c y Member bank r e s e r v e b a la n c e s Money'in c i r c u l a t i o n T r e a s u r y cash T r e a s u r y d e p o s i t s w ith ^«R,Banks Nonmember d e p o s i t s and o th e r *',R ,acco un ts 182 552 + + 266 207 19 ,3 11 20,667 + - 181 18,577 123 +7,563 + - HI 37 It, 123 1 1 +7,607 -1,337 + 26 Hi, 092 92 +1 , 1 60 25,163 56 +4,928 •+ 55 + 124 2,348 503 1,994 + +' - 11 2l+5 39 + 29 Forln F. R. 283c STATEMENT OP CONDITION OF THE FEDERAL RESERVE BiiNKS ON DECEMBER - 1 3 , 1944 ' (In thousands o f d o lla r s ) T otal Boston New York P h ila . C leve. R ich. A tlanta Chicago St,Louis Minn; Kans.Cy* 21, 542, 41 6.1363,099 4*774*746 1419,663 1883,602 1488,441 1262,749 3933',318 ; 921.803 473*353 787,553 L I A B I L I T I E S Federal Reserve notes Deposits: iilember bank-reserve a cct. lit, 092,484 666,174 4*413.»329 UJa.Treasurer-general a cct. 502,711 32,535. 170,835 Foreign 1,164,589, 80,345 1/451,281 Other 432,314 7,897 “ 310,633 Total deposits 16,192,098 736,951 5*346', 078 Deferred a v a ila b ilit y items 1,565,380 130,505 305*549 Other l i a b i l i t i e s including accrued dividends11,722 1*038 3,109 TOTAL LIABILITIES 39, 311,616 2281*593 10429,482 Capital paid in 10,025 58,678 161,159 Surplus (S ection 7) 70,012 13,206 188,097 Surplus (S.ection ljb ) 26,965 7,0922,874 Other ca p ita l accounts 105,701 26,665 • 5,895' total LIABILITIES AND CAPITAL ACCOUNTS 39*793,538 2313,593 10,591*929 Commitments to make industrial’ loans 4,448 - - - F.R.notes outstanding C olla tera l fo r Fi.R.notes held by F«R*Agents: Gold c e r t ific a t e s E lig ib le ' paper Ui-SiGovti se cu ritie s Discounts and advances Industrial loans U¿.S. Govt, s e curi t ie s ( i n c l . guar; sec*) 701>188 1064,219 21,100 ■ 63,519 102,871 99*516 5,066 13,1*94 830*225 1260,748 87*162 151,367 635,087 613,54o 2114,901 16,044 41,086 33,397 44,726 35,781 138,652 3,750 4,683 8,591 716,960 672,048 2303*230 120,189 91.835 230,097 527,631 320,526 21,749 28*553 34*663• 24,600 15, 072: l**64l 599,115 •373,320 71,931 34*984 Dallas SanFran* 542,166 2691,923 675,011 19,664 32,427 4,683 624,285 1716,593 17,867 34,362 32,427 87,300 5,785 43,019 731,785“ 680,364 1886,274 94*630 60,907 186,224 448 416 438 411 945 920 701 1*361 6o4 1,331 233V, 970 3297,048 2326,291 2027,236 6i*68,00.6 1593*265 887,095 1614,416 1283,848 4765,366 13,468 5,186 5,823 5*120 3,490 5*105 6,461 12,224 19*254 16*325 3,669 4,831 16,026 5,236 6,330 14*159 26,490 4,^54 5,725 17,859 1,429 2,129 1,000 530 1,307 1*137 4,421 3,290 1,007 749 7,208 4,320 4*664 6,920 ■ 11,784 15,794 6,854 6,113 4,419 5,065 2379,394 3342,190 2348,132 2o4 5,& 6 6530,973 1609,664 899,918 1630,350 1299,411 4802,330 2,742 50 545 1,056 55 22¿244,825 1399*345 4, 960,744 1459,162 1935,450 1519,060 1320/535 4.021,293 960*095 484*768- 810,672 575,497 2798,204 3? 5»ooo 2, 520,000 610,000 886,000 615,000 630,000 2520,000 375,000 210,000 320,000 249.000 1774,000 5.620 22,200 550 5,800 -131,770 3,090 •' - 550 810,000 2, 400,000 .850,000 1050,000 925,000 700,000 1550,000 628,092 -275,000 500,000 345.000 1100,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Over L to 2 2? to 5 91 days to 6 months 31 to 61 to Within 16 to 5 ye^rs years ■years ta 1. year Total . 6 months 90 days 60 days 30 days 15 days 11, 304,000 • 1 69,580 11, 133,092 175,673 6,407 ..155.968 6,205 2,552 50 853 3 16,300 2 11 56 31 18,577,172 2, 530,910 1, 752,905 4,362,723 3,840,327 ;i,9 4 8 ,3 2 i 1*887*140 „509*450 l / A fte r d edu ctin g$ 711, 149,000 p a r tic ip a tio n s o f,o t h e r F^dçral Reservé Banks, 888,602 49 856,794 Fonn Ff R* 2Q3& Released fo r p u b lica tio n Friday morning, .December 15,1 9 ^ 5 n0'k e a r lie r . STATEMENT OF CONDITION OF THE TWELVE FEDERAL- RESERVE BANKS COMBINED (In thousands o f d olla rs) Increase or decrease since Dec, 13, 19UU a s s e t Dec. 6, I9bh Dec, 15, 19li3 17,919.165 580,960 233,11*1 18,753,266 - 11,000 + 8,278 - 1,702 - ¿+,1+21+ 175,675 6, 1+07 -207,535 + 109 - 1, 721+, 100 + 587,020 66,557 -1,1+05,1+17 + 85,51*6 14,151 's ' Gold c e r t ific a te s on hand and due from U. S. Treasury Redemption fund - F, R. notes Other cash Total rtserves Discounts and advances Industrial loans U. S, Govt, se cu ritie s j B ills C ertifica tes Notes Bonds Total U, S. Govt, secu rities f i n o j, guar, sec.)' 1 1 ,5 m ,885 1+,21+1,21+0 1,550,621 1,21*3,1*26 • 18,577,172 -125,872 +58U,5oo + 5,500 - •; +266,128 +[+,980,515 +2, 0514,990 + 875,721 - 515,5k3 Total loans and soou rities 18,759,252 136 87,750 2,116,818 514,505 62,015 + 58,702 - + 3,590 +558,627 + . 1 + ¿,128 ... „.... —■ +7,61+1+, 378 - + 15,121 86,805 5,985 + 5,927 59,795,558 +398,621+ +6,171,721 21,51+2,1416 ’ + 65,827 +l+,906,286 ll+, 092,1+81+ 502,711 l,l61+,589 1452,5114 16, 192,098 1,565,580 - 91,035 +2l+l+,630 .-.61+,721 + 25,769 +lll+,6l+5 +216,133 +1,160,1+02 + 125,250 - 277,161 + 252, 1+01 +1,258,872 U9,025' 11,722 5 9 ,5 H ,6 lg + 559 +597,11+2 + 2, 1+51 +6,118,50+ 161,159 188,097 26,965 105,701 59,795,558 + + 1,553 +398,621+ + 9,587 + 27,686 + 156 + 15,9U8 +6,171,721 - - Due from foreign banks' F. R, notes o f other banks Uncollected items Bank premises Other assets TOTaL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits* Member bank-reserve account U.S.Treasurer-general account Foreign Other Total deposits Deferred a v a ila b ility items Other l i a b i l i t i e s including accrued dividends TOTAL LIABILITIES C A P I T A L A C .C O U N T S Capital paid in Surplus (S ection 7) Surplus (S ection 13b) Other capital accounts TOT.nL LIABILITIES AND CAPITAL ACCOUNTS Ratio o f to ta l reserves to deposit and F.R. note l i a b i l i t i e s combined Commitments to make in dustrial loans h 9.{$ 1+, I4I48 129 - - - ,3% 139 +7,565,li85 ll+.2fo 5,117 Form. F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER (In thousands o f d o lla r s ) 13, 191U+ ASSETS Total Boston New York Gold c e r t ific a t e s on hand and due from U. S* Treasury 17, 919,165 Redemption fund-F*R.notes 580,960 Other cash 233, 11+1 387,596 1+1,133 16 ¿ 3 1 i+,726,637 127,509 59,961 Tot~l reserves 18, 733,266 91+5,160 175,673 6,1+07 5,800 201 li,9ll;,107 1007,1+39 1389,795 3,21+0 1 ,3i+o 131,770 86 2,877 315 935,769 550 132 970,-868 3551,013 ---- — ¡4,300 ---23 2,662,996 1 ,1*1*1+,1+87 528,111+ 1+23,1+88 833,027 217,51+5 79,536 63,779 705,269 1202, 61*1 1+69,819 31^+,751 11+2,177 812,1*21 202,055 72,31+9 51,980 297,026 73,373 26,1*52 1+1,682 238,132 59,233 21,212 Discounts and advances Industrial loans U. S. Govt* s e c u r itie s : B ills C e rtifica tes Notes Bonds 11,51+1,885 887,990 l+,2i+l,2l+0 .191,933 1,550,621 70,172 1 , 21+3 ,1+26 56,270 Total U, S. Goyt. s e cu ritie s ( i n c l . gur.r. s s c .) ÏB7577,172 1206,365 P h i la . C le v e * 91+6,1+62 1317,390 52,952 l+3,li+3 17,831+' 19,1+53 822,827 13Î|1+,310 21*8,335 228,113 83,399 90,975 66,876 72,952 R ic h . stian ta 921+^52 918,1+86 3Ì4Ì+l+,ól5 1+8,891+ 36,791 79,197 27,201 12 ¿ 2 3 15,591 5 ,059,085 1235,589 1722,698 1193,887 9l+l,108 2610,270 18*7^9 .2^2 1212.366 Due from foreign banks 136 F. S. notes o f other banks 87,750 Uncollected items 2 ,l l o ,8 l 8 Bank premises 3l+»303 Other assets 62,013 TOTAL ASSETS Dallas SanFran. 632,205 362,585 61+1,838 25,853 32,873 ll* ,ol+8 12 ,809 13,009 l+,673 519,286 2597,613 60,727 17,81+0 21+,977 8,779 680,500 51+5,905 2683,317 -— 303 — 2,71+8 678,087 381,306 22,200 ---- 550 ---- 5,620 25 551+^19 1+83,36!+ 1170,072 159,657 109,611 1+12,057 1+0,071+ 150, 61+9 53,371 l46 , 8o 8 32,135 120, 8oi+ Soil.,985 1+61+,761+ 319,655 665, 18!+ 1853,582 - T o ta l lo a n s and s e cu ritie s Minn. Kans +Cy . Chicago St.Louis 10 2,355 11+8,91+0 1,615 3 »11+7 5,190,91+1 121+1,706 172!+,353.1194,569 12 12 1/ 1+9 Iî.,636 3,011 15,311+ ltl+3,997 120 ,134 2l !+,855 3 ¿63 8,911+ 1+,111 18,607 1+^28 3 , 621* 39,793,538 2313,593 10,591,929 2379,391+ l / A fte r deducting $ 87,000 9I+1 ,131 26li+,570 6 1+ 17 6 ,1+61 9,210 l l ,936 155,31+0 120,355 339J+1I+ 2,885 2,859 1,615 3,128 . 2,1+63 11.138 331+2,190 23U8,132 201*5,61+6 6530,973 827,185 1+65, 31!+ 825,300 1+ 3 7,77l+ 2,731+ 91,216 1+8,015 2,052 1,251+ 3,31+6 . ; 1 ,292 665,1+87 1856,330 1+ 5,232 n i +,051 2 , 667* 2 »60I+ 1609, 661+ 899,918 1630,358 13 p a r tic ip a tio n s o f other Federal Reserve Banks. 11 1+ 3 ,822 15,265 81 ¿ 6 8 239,033 9'09 1,951+ 6,1+20 1,816 9,1+11 1+802,330