The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD 0-1. GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, December 2 7 ; n o t e*rll e r); pecenibef 2 6 f I9U6 H.U.I CORSITION OF-THE FEDERAL RESERVE BANKS D u r i n g t h e week ended; December 2fy member b a n k r e s e r v e b a l a n c e s I n c r e a s e d $ 1 3 > 0 0 0 , 0 1 0 , A d d i t i o n s t o m e m b e r ' b a n k r e s e r v e s a r o s e from i n c r e a s e s of $ 5 ^ 9 , 0 0 0 , 0 0 0 i n R e s e r v e Bank c r e d i t - a n d . $ 5 0 , 0 0 0 , 0 0 0 i n s o l d s t o c k , o f f s e t I n p a r t by i n c r e a s e s of : $ 3 1 0 , 0 0 0 , 0 0 0 i n T r e a s u r y d e p o s i t s w i t h F e d e r a l R ^ e r v e Banks # $ 1 1 4 ; , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n , §3,1,000,000 i n nonmember d e p o s i t s and o t h e r Excess r e s e r v e s of F e d e r a l Fie s e r v e a c c o u n t s , and $ 5 0 , 0 0 0 , 0 0 0 l h r e u s u r y c a s h . ! member b a n k s on December 2l\. were e s t i m a t e d . bo be a p p r o x i m a t e l y $ 9 7 0 , 0 0 0 , 0 0 0 * Holdings o;f - l o a n s , d i s c o u n t s and a d v a n c e s i n c r e a s e d .$37>..000,000 ^nd of U n i t e d S t a t e s Government s e c u r i t i e s $ 5 1 1 , 0 0 0 , 0 . 0 0 • ?he i n c r e a s e in h o l d i n g s o f Uni/tod J 3 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 $ 1 9 0 , 0 0 0 , 0 0 0 i n b i l l s * ": a n d i $ 2 1 , . 0 0 0 , 0 0 0 . i n M ^ r t i f i c ^ t l s , - '; " Changes i n member b a n k r e s e r v e b a l a n c e s and r e l a t e d i t e m s d u r i n g t h e week .and t h e y e a r ended, December; 2I4, I9I4.6, were a s f e l l o w s ? Increase Dec. 2 i | , I9a5 Dec. 18, 19I46 or d e c r e a s e since Dec. 2 6 , I9ii5 (In M l lions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 23,722 5a 1 Bill Total Reserve Bank credit Gold.stock. 2U,877 + pn epe -f T r e a s ur y cu r re no y Member bank reserve balances iloney in circulation .Treasury cash Treasury deposits With F f R, Eahks Nonmom.be r deposits and other F. R. accounts + + 511 37 ——» h,y% 16,530 29,163 2,258 5U7 1, ij 60 1,14.60 •• + + + + + •• 4- 315 133 173 m 295 --- + + 220 • 13 ihh 50 310 . 31 + + •» - 872 511l 25 652 322 5ii9 50 h& rUU.l(a) SToTBAEOT OF^CoFDITlOc OF TiIE TWELVE FooBRAL RESERVE-' iSAeKS COMBINED ( I n t h o u s a n d s -of( d o l l a r s ) I n c r e a s e or deorou.se since December 2l\.s 19)46 December 18, V)h6 December 2 6 , 19U5 ASS Gold c e r t i f i c a t e s R e d e m p t i o n fund f o r F, R. n o t > s T o t a l gold c e r t i f i c a t e r o s e r o e s Other cash Die 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 t Govt,, s e c u r i t i e s : ^-lls "' ' Certificates ^otes • Bonds 17,587,175 ; 79U# 1?0 10,581,305 - .2,003 + 59li 1,609 + 521;,610 6,2)41 + 518 369 236,635 5nO,5ao p[,i - ll|.,oll| + 37., ;;c00 • op + « 15,llo3,le6 7,268,012 355,300 +089,889 + 21,000 — +2,3^,597 699,/il;9 -1,7^,350 -29,861 15lJl.8A 1,1;97 , _ 1 ^ 2 o l _ 2 T - 195,502 T o t a l U. S. Government ! sTolIHTies '23/721,808 +910,889 - 31o/70l| T o t a l l o a n s and s e c u r i t i e s 2^,0.62,?52 *%*>$Uhl •- q.67,685 + 283 -531,313 - ' 19 -p f-6l * > - 8 28g 73U* 535 1,096 15,707 ii5, ,^9,199 + + 798,5hd 25,091,572 +128,391 + 355,181 16,529,795 5a7,0O 5OO05 .+,12,919. 010,255 6,20 + 872,027 651,648 3430/31 90,834 £1^,186 561,625 Due from . f o r e i g n b a n k s : b\ Rf n o t e s of o t h e r b a n k s .Uncollected i t e m s ; _ • Bank p r e m i s e s : Other a s s e t s _ , 102 153,.881; 2,75]4]o6l 32,519 ' fh?,7U TOTAL ASSETS •L1 A B I L I T I E S Federal Reserve n o t e s Deposits: member b a n k - r e s e r v e a c c o u n t U. S 0 Tre u s u r e r - gene r a 1 a,cc o u n t Foreign Other' Total deposits -7 O 0 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 , including accrued dividends n , ' - • TOTAL L I A B I L I T I E S * ' ' < ' ' * CAP 1,508 I_ T A L . A O C O U / 17,018 04,973,28 6 • IA0O.Z2 O-OOO 0300)6 - + + •0237 + 706,857 + + + 10,085 130,202 263 08,859 * + 798,5^8 + 2,219 .. 103. + IT T £ Capital paid i n • ; S u r p l u s ( S e c t i o n 7) • S u r p l u s - ( S e c t i o n 13b) Other c a p i t a l a c c o u n t s 185,921 358,398 27,108 IOO2-9 TOTAL LIABILITIES AND CAPITAL ACCOUNTS.1 R a t i o of g o l d c o 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 l i a b i l i t i e s combined 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 f o r e i g n correspondents Coirunitmonts t o make i n d u s t r i a l r\ ! X«,CC6 IO92O 518 i/Oo,r;8 k^4$7^99 1*2.7$ + 278 .OJ.027 + l"7B~ # 6pb + l.Cfto purchased loans 6,511 + 6 8 + 6,511 8, 5Lo3 + 1 5 + 5,Ii96 H.li.l(l))' STATEMENT OF CONDITION CF' THE FEDERA.L RESERVE BAMS ON DECEMBER 2k, (•In thousands of d o l l a r s ) I946 ASSETS Total Boston Few York Gold c e r t i f i c a t e s 17,587,175 Redemption fund for *"• R - n o - 6 s 794,150 T o t a l fcold c e r t i f i c a t e reserves 13,381,305 761,940 5,126,110 55,555 I2li,i;08 817,495 5,250,118 19,777 27,985 P7 44,617 85,509 ether cash d i s c o u n t s and advances I n d u s t r i a l loans U. 8. Govt, s e c u r i t i e s : B m s Certificates ^otes Bcnc!s 256,655 zK 0} 5L3 P4 i 15,H;5,l66 83U,517 7,463,012 552,685 555,500 26,295 753,590- 55,756 Phi l a . Cleve.. Rich. Atlanta Chicago S t . L o u i s 854,006 1125,671 1119,863 1036,207 3275,035 Minn. Kans.Cy. D a l l a s SanFran. 575,159 360,809 136,658 46,456 21,560 54,017 915,015 1201,291 1179,777 l082,i|6l 5411,691 621,595 332,169 631,905 26,562 29,895 13,056 35,275 u,596 53,530 ___ 15,826 13,978 695,651 2U6i|,151 579,878 948,178 18,075 45,111 38,325 95,654 656,595 4ll,44l 19,575 l a , 507 369,494 227,51,5 10,816 22,955 663,572 571,035 17,652 57,431 482,6u7 1851,505 573,611; 707,661 17,775 33,668 37,691 71,391 9 H , 9 2 7 2664,225 61,009 17,615 25,211 c-ii, 77,620 59,9lh 20,966 56,1;99 20,759 16,156 5,368,578 loli4,812 11*29,735 1,635,252 556,353 629,575 89,598 25,5m 29,955 189,937 54,157 65,515 801,459 446,514 21,21,5 45,0n5 I16/254 17,218 11,171 597,888 , u 7 2 , l 7 l 2284,038 , 25,003 106,276 u97,U7u 2390,51a 10,565 7,561; 25,078 19,713 oto.1 U. S. Gpvernnen-=4securities 2 5 , 7 2 1 , 3 6 8 H+.69,051 6,051,215 1661,543 2152,826 1314,261 1129,925 5555,094 1108,913 650,590 1094,488 T o t a l loans and securities 24,062,952 .12*97,061 Due from f o r e i g n banks 102 5 F . R . n o t e s of o t h e r banks 155,3.3^ 1^,672 Uncollected items ' 2 , 7 5 U , 0 6 l 177,729 oank premises 52,519 1,301 6,116,724 1685,075 2139,525 1550,1;17 1141,096 5552,937 1144,191 1/1=6 J 8 4 5 1 1 5 17/315 4,610 10,581 52,029 9,008 16,216 3,111; 552,153 195,790 264,512 22*2*, U 3 1 8 9 , 0 9 8 . 4 5 3 , 0 6 9 121;,975 8,477 3,170 3,886 2,6=93 1,526 5,062* 2/013 664,178 1108,466 919,491 2685,945 2 5 5 J 4,056 6,823 1;,158 15,899 73,320 135,231; 112,247 235,969 1,270 2,527 . 798 1,794 1 ucher a s s e t s IOTAL ASSETS 47,741 5,202 11,2*27 5,627 4,256 2,359 2,529 6,551 5,000 1,322 2,11,8 2,2j;6 4,634 4 5 , 6 4 9 , 1 9 9 2521,21*2 12,001,2*77 2822,907 3694,405 2812,631 2442,939 7500,131 1916,947 1130,915 1902,937 1546,982 5355,638 l/ After' deducting $56,000 participations of other Federal Reserve Banks', .4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS' ON DECEMBER 2 4 , 1946 ( I n thousands of d o l l a r s ) - Total I A B I \, I T I E S Boston o d e r a l Reserve n o t e s 25,091,572 1505,429 -eposits : • ft:«mb.-r bar.k-reserve a c c t . 16,529,7^5 749,525 U . 8 . T r e a s u r e r - g e n e r a l acct.. 547,062 43,886 Foreign 519,705 51,697 Other 528,046 5,189otal deposits 17,924,518 830,097 e f e r r e d a v a i l a b i l i t y items 1,940,178 l4l,29o ther l i a b i l i t i e s including 826 17,018 accruea aivicenas. OI'AL LIABILITIES :pi t a l paid i n u r p l u s ( S e c t i o n 7) u r p l u s ( S e c t i o n 13b) Lhe-r c a p i t a l a c c o u n t s '/•Id, LIABILITIES Ar-:D New York Phila. Cle\ r e. Rich. A t l a n t a Chicago S t . L o u i s 5,729,360 1711,860 2144,519 1791,906 1461,548 4602,370 1127,666 594,795 922,676 610,1)70 2839,173 5,188,017 122,680 1/191,325 241,208 842,755 1203,557 30,694 27,914 40,759 45,670 3,404 10,841 739,570 742,616 2359,487 616,223 42,378 35,106 78,484 26,980 23,081 13,661 65,804 16,697 4,615 1,988 2,716 7,552 418,285 31,356 12,277 1,974 5,743,728 511,600 917,592 1283,012 157,454 197,754 809,644 176,595 805,045 31,839 16,205 170 855,309 101,788 769,292 2095,553 27,363 50,297 41,317 15,714 47,731 578 812,952 2234,948 99,351 170,491 5,853 953 1,433 fc.51 Minn, Kans.Cy. 796,371 2506,491 156,166 297,689 667,482 96,419 465,892 55,617 :,6?6 537 871 636 4 ^ , 9 7 3 , 2 8 6 2 4 7 7 , 6 4 8 ' 1 1 , 7 9 0 , 5 4 1 2767,839 5631,755 2778,794 2414,521 7409,206 1892,104 1115,175 135,921 11,094 £k,9?h 15,926 18,304 7,827 7,074 22,555 6,104 4,.031 358,355 22,439 116,860 28,946 33,745 15,593 14,450 53,029 12,959 8,809 27,428 3,012 7,205 4,501 1,007 3,326 762 1,429 527 1,073 104,209 7,049 6,152 14,ill 7,'091 :,765 21,877 7,695 9,59o 5,273 ' . Dallas SanFran. 567 1,467 1878,286 1525,540 5296,079 /- O,- 0 6,159 17,203 10,670 11,891 23,924 1,137 :\, 507 2,142 .,514 4,81 11,290 513 " 4 5 , 6 4 9 , 1 9 9 2521,242 12,001,477 2322,907 3694,405 2312,631 2442,959 7500,131 1916,947 1150,915 1902,987 1546,982 lentiiujent l i a b i l i t y on b i l l s purchase d for f o r e i g n c o r r e s p o n d e n t s 6,511 417 2/2,168 540 606 306 2kQ 872 221 I63 215 208 :oi7imitrn>3nts t o make i n d u s t r i a l loans — — 8,546 1,290 1,534 57 — 582 4,265 450 155 '• R. n o t e s out s t a n d i ng • 25,765,342 1541,590 5.,863,!?97 1754,677 2192,647 1840,599 1507,159 4696,855 I l 6 6 , i 4 l 610,236 947,980 64o,6l4 b i l a t e r a l f o r F* R. notes held fry F., R. A g e n t s : Gold c e r t i f i c a t e s 11,053,00c 455,000' 3,470 ,000 550,000 645,000 760,000 615,000 2020,000 300,000 189,000 230,000 169,000 50,100 — E l i g i b l e paper 11,632 — 9,500 — _ — 30,530 19,055 28 ,255 146,447 9,575 U* 3 • Govt. s e c u r i t i e s 15,226,592 1100,000 2,500 ,000 1200,000 1550,000 1100,000^ 900,000 2700,000 951,592 425,000 700,000 ,500,000 MATURITY DISTRIBUTION OF LOAFS .'.M) SECURITIES CAPITAL ACCOUNTS Total )iscounts arid advances '. n du s t r ia 1 lp a. n s ]. S. Govt, s e c u r i t i e s . 340,543 541 23,721,868 Within 16 t o 31 to 6 l to 91 days to 6 jnonths 1 to 2 15 days 50 days 60 days 90 days 6 months to 1 yasr years 7,415 16,316 '.154,770 131,542 460 12 4 5 5 . O 14 7 520,400 5,599,811 2,411,225 6,476,557 5.293,969 1,500,906 3,590,,332 1 / A f t e r deducting $327,547,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. 2/ After deducting J4.,3^-3^000 p a r t i c i p a t i o n s of o t h e r ;der'-.l Re >rve BanKs 2 to 5 years 54 148,550 5355,658 547 185 5000,367 1600,000 3 ,000 1600,000 Over 5 years —_ 580,040
@FedFRASER