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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, December 6; not earlier). HJb.l December 5# I9U6 CONDITION OF THE FEDERAL'RESERVE BANKS During the week ended December k member bank reserve balances increased $91,000,000. Additions to member bank reserves arose from increases of $169,000,000 in'Reserve' Banlc credit, $8,000,000 in gold stock, and $2,000,000 in Treasury currency, .'and a decrease of $3^,000,000 in nonmember deposits and other Federal Reserve accounts, offset in/part by increases of $91,000,000 in money in circulation) $17,000^000 in,Treasury cash,, and $ll|,00Q.,000 in Treasury deposits with Federal Reserve Banks, Excess res'erves of member banks on December ij. were estimated to bo., approximately $7-00,000,000 # Holdings af loans, ; discounts and advances decreased $37,000,000-while holdings of United-States Government securities increased $206,000,000, The increase in holdings o^f United States Government securities reflects increases of $99,000,000'in bills', $U7,000,*000 In certificates, and*' $60,000',0*00 in notes,. Changes in member bank reserve- balances and related items during the week and the year ended-December U, I9U6, were as follows: Increase or decrease since Dec, h, Nov. 27, I9U6 Dec, 5, I9U6 19U5 (In millions of dollars) U# S# Government securities Loans, discounts and Advances Other Reserve Bank credit 23,888 2ii7' - 206 37 - 14.51 + 1 + Total Reserve Bank credit'' Gold stock Treasury currency 2U,585 20,1*77 It, 550 + + + 169 8 2 + + + Member bank reserve balances Money in circulation Treasury cash Treasury deposits, with F# R, Banks Nonmember deposits and other F#Rtaccounts 16,222 28,906 2,288 679.. 1,517 + + + + 91 91 17 lit - - 3h - -f f + + + 363 100 9U 356 UU8 2U7 20 627 U6 671 2?U H.l.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousand's of dollars) I n c r e a s e or decrease since December 14, November 27, December 5> 19U6 I9l|6 ' 19U5 17,521,1?U 766,1*59 13,307,633 256,552 21*5,1+77 1,076 - 8,001* + 6,017 - 1,9'S7 • - 15,61*0 - 37,251 + 15 + 395,609 + 21,731 + 1*15,360 .+ 29,11*2 98,969 - - 1,257 * 98,828 + 60,000 *2,633,890 - 873., 10i9 -1,202,550 - 200,702 23,887,622 +205,828 + ' 362,189 2k, 13l|,175 102 113,317 •2,1*05,1*63 32,531+ 52,61*0 +168,592 + - 15,839 + 61*, 339 39 • 1,389 261,963 8 8,086 + h 66,71+3 1,120 11* ,1*86 1*5,302,1*16 +198,037 +1,11*9,508 2l4,;,8l|2|-,017 + 61*, 263 + 1*11*, 182 16,221,755 679,1+90 611,775 505,571 + + + + + + ASSETS Gold certificates Redemption fund for F. *Rt notes Total gold certificate reserves Other cash Discounts and advances • Industrial loans U, S # Govt, securities} Bills . Certificates Notes -•• Bonds Total U. S. Government securities Total loans and securities Due from foreign banks. Fv Rv notes of other banks Uiieollecteil; items' Bank premises Other assets TOTAL ASSETS lit, 861,120 7,378,012 895,100 755,390 + i*7,ooo •L I A B I L I, T I E : S F e d e r a l Reserve notes Deposits j Member bank - r e s e r v e account U . S . T r e a s u r e r - g e n e r a l account 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 a c c r u e d dividends TOTAL LIABILITIES C A P I T A L ACCOUNTS C a p i t a l paid i n Surplus ( S e c t i o n 7) Surplus ( S e c t i o n 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS R a t i o of gold 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 ' a n d Ff R, note l i a b i l i t i e s combined Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents ' Commitments t o malce i n d u s t r i a l loans 17,818,391 1,955,01*3 ll*, 008 hh, 63l,U59 • 185,ol*8 358,355 : 27,1*28 100,126 ,1*5,302,1*16 + 90,708 ll*,86!+ 28,959 7,227 69,386 63,7.93 '95I+ +196,1*88 19.976 671,633 .286,091* 101,071 26!*, 1*92 373,151 2,551 +l,05U,376 + • 11,1+32 + 130,202 + . 263 •198,037. •1*2. <$> • .2% 6,330 8,1*1*8 16 180 1+4765 +1,11*9,508 6,330 5,1+75 H.lA.l(b). STATE.3ITT OF CO; DITIOK OF TITS RJ£,3RAL RESERVE BANKS OK DECEMBER I4, 1 & 6 ( I n thousands .of d o l l a r s ) Total Boston Nev: York Phi 111. Cleve. Rich. Atlanta Chicago S t . L o u i s Iviinn,. Kans.Cy. D a l l a s San Fran. A S S E T S oold c e r t i f i c a t e s Redemption fund f o r F. R! notes 17,521/17!; 757,l;3i ' 5,218,287 829,315 1130,630 1126,261* 9^6,179 3205,C82 586,891 .3^0,163 577,669 U69,oUi 22914,167 ' 786,it59 '55,852 12Q,2QS 18,507,633 813,333 5,338,1;95 132,177 1+6,599 21,^29 314,132 5-9,321 1207,700 1136,3;5 1032,768 3337,259 633,1,90 36i,5;7 611,801 6O,506 77,070 60,151 /J6,589 25,099 106,667 T o t a l iTold c e r t i f i c a t e nerves \&l. ifco 21,00,85]; Cther cash 256,552 21,586 52,273 17,057 16,?22 22,529 19,710 50,1?^ 15,611 5,724 15,703 10,1*22 23,821 Oiscci^ts -ind advances 22*5,1.77 10,729 63,822 10,535 20,23s ii.,169 I3,9ui Ul,550 22,;oo 5,855 8,290 7,505 H;565 I n d u s t r i a l loar.s U.S. Govt, s e c u r i t i e s : 1,076 1+7 11;,06i,12o 803,292 7,578,012 5 ^ , 7 7 ^ 895,100 66,092 7 5 3 , 3 9 0 . 55,629 5,632,971 1002,760 ll;27,295 1,856,256 531,066 626,9!^ 225,201 61;,535 76,060 189,5^3 51,521 624,013 793,977 Itu2,5i7 53,686 1,5,137 23,357,622 lhlhr/Sl 3,9-3,979 1653,566 2 1 ^ , 3 1 7 1537,367 1165,9H 3679,073 1109,109 6?5.U;6 1125,531 9lo,36L 266o,ll*7 2 i j , l 5 i ; , l 7 5 lu65>565 5,967,301 1673,150 22ii,,555 1351,536 1177,352 3 7 ^ , 0 2 3 1132,009 651,279 1133,821 917,869 2 6 7 ^ 7 1 2 Bills Certificates i:otes Bonds Tot^l U,S# — 1,029 705,851 2532,199 376,059 93 •,i:^7 15,622 113,729 38,399 95,723 61/4,618 y01,6i;3 u0li,l81; 223,799 19,035 27,151 ill,272' 22,355 677,550 161,7^6 1802,175 366,168 366,655 701,233 1414,1423 Mi, 1:83 85,079 57,590 57,U,C 71,610 Ooverr-^nit sesuritiUT s e c uloans r i t i e s and Total ~ue froiri f o r e i g n banks i*1.R.notes of o t h e r ba u n c o l l e c t e d items :2ank pro mi yes Oth^r a s s e t s TOTAL ASSETS i0p 5 l/1-6 . . .T .• *• 8- '-; h 3 11 * 3* 2 3 -3 ^ 5 , 3 0 2 , U 6 21.96,296 l i , 3 7 0 , o U 9 2 7 : 0 , 0 3 ? 3677,785 2301,121 2392,630 7518,9^9 1910,870 1119,281; 1392,267 1523,727 535k, 1*01 l / After d e d u c t i n g $ 5 6 , 0 0 0 - p a r t i c i p a t i o n s of o t h e r Federal Kobervc Banks. E.lj-l(c) STATEMENT OP CONDITION OF THE FEDERAL RES31VE BAMS'ON DECEMBER"!)., I9I+6 ( I n thousands of d o l l a r s ) L I A B I L I T I E S Total Federal Reserve n o t e s 24,81+4,017 Deposits: Member b a n k - r e s e r v e a c c t . 16,221,755 U.S. T r e a s u r e r - g e n e r a l a c c t . 679,490 Foreign o i l , 775other 5Q5.,371 Total deposits 17,818,391 Deferred a v a i l a b i l i t y items 1,955,043 Other l i a b i l i t i e s including accrued dividends li+,008 TOT A L I A B I L I T I E S '44,651,459. Capital paid in.. i 135,01+8 ; Surplus ( s e c t i o n 7) 553,555 Surplus ( S e c t i o n 13b) 27,423 other capital accounts • 100,126 Boston 1490,183 725,759 59,5H 57,559 5,422 806,051 156,l43 Kew York Phila. Cleve. Rich. A t l a n t a Chicago S t . L o i d s 5,655,565 1685,950 2118,170 1789,945 1449,139 1+553,205 1112,551 5,015098 177,626 1/222,379 222,911 5,638,614 562,554 793,435 1192,263 56,06!+ 58,695 1+8,551 54,176 2,569 8,238 880,419 1313,375 125,050 182,636 731,779 45.275 27,579 2,521 304,952 172,050 Minn. Kans.Cy. 590,1+15 918,551 730,620 2379*426 599,81+6 1+12,538 28,128 101,090 1+4,198 51,61+5 22,136 78,060 19,806 14,565 618 5,611 7,798 . 2,72l+ 781,502 2564,187 ""671,648 461,518 135,175 505,744 101,587 49,344 787,691 58,26!+ 19,221+ 2,873 848,052 100,858 Dallas SanFran. 610,959 2861+,760 753,990 2099,155 51,510 1+9,690 18,61+1 1+9,001 1,811 ltl+,275 805,952 2242,121 82,974 187,150 7O6 4,118 8p4 1,564 623 567 2,569 490 4l5 5_45 1+1+0 1 ,519 21+55,083 1 1 . 6 6 0 , 4 2 9 2690,273 5615,545 2767,568 2564,451 7423,705 1336,276 1101,69a 1867,786 1500,525 5295,550 10,906 6!L,?I+6 15,904 18,278 7,«o6 7,050 22,300 6,o4o 4,008' 6,137 6,788 17,085 ! 22-,4?9 llo,86o 23,946 33,745 15,593 li+,450 53,029 12,939 8,869 11,391 10,670 23,924 5,012 7,205 4,501 1,00? 3.326 762 1,1+29 527 1,073 1,137 1,307 2,ll+2 6,856 .20,809 7,145 9,208 6,823 5,957 13,488 5,083 3,6.44 5,316 4,657 10,900 : TOTAL LIABILITIES AND '" ~ ~~~~~ CAPITAL r.cc0UKTS 45,302,.4l6 2496,296 11,370,049 2745,059 5677,703 2301,121 2392,630 7513,949 1910,370 1119,281. 1892,267 1523,727 5554,401 Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents ' 6,330 405 '£/2,108 .-525 539 297 2i+l 8i:3 215 _ 153^ 209 203 552 Cojiiirdtrconts' t o n.ake i n c u s - t r i a l loans F. 3» notes outstanding 8,443 — 25,1+73,953 1517", m C o l l a t e r a l f o r F. R. notes ' •h e l d by f.' R. Agents: Gold c e r t i f i c a t e s 10,929,000 430,000 Eligible paper 53,723 _ 2,070 U. S. C-ovt'." s e c u r i t i e s 15,070,025 1100,000 — r,369 1,596 59 — 532 4,265 — I+50 5,786,957 1726,493 2163,317 1351,177 1435,290 4657,773 1149,399 601,769 933,709 155 192 639,2475000,726 3,470,000 550,000 635,000 700,000- 595,000 2040,000 3-00,000 13,763 7,505 7,810 13,300 2,4C0;000 1200,000 1550,000 1150,000 900,000 2600,000 91+5,025 A.TURIIY DISTRIBTJTIJi; OF LP ;\ T.JO -TF"n C r ^ j T l T ^ I -TIES 109,000 loOO ,000 5,200 500,000 1600,000 180,000 230,000 ,2,4.50 5,325 425,000 700,000 fc Total I n d u s t r i a l loans U. S. Govt, s e c u r i t i e s 245,477 0,01*6 25,337,622 Within 15 days 98,1+53 969 *. ,936,021 „' l6 to 30 days 51 t o 60 da ys 61 t o 90 days 91 days t o 6 months 6 months t o 1 year 1 to 2 years 2 to 5 119#451 3h 7 7 h 3 5,202,361 2 ,663,336 320,1+00 1,317,906 3,L&2,332 6,226,376 l / A f t e r d e d u c t i n g $388,551; ,000 p a r t i c i p a t i o n s of other Federal Reserve Banks, lij.3,350 2 / A f t e r deducting $1^,222,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks, * 2ii,158 5 years 5,410 5J0,OLLO
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