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Form F. R. 283 STATEMENT FOR THE PRESS Released fo r p u b lica tio n Friday morning, Dec. 8; not e a r lie r , CONDITION Board o f Governors o f the Federal Reserve System December 7, I 9IU4 . OF THE FEDERAL RESERVE BANKS During the week ended December 6 member bank reserve balances decreased $577*000,000, Reductions in member bank reserves arose from decreases of $350,000,000 in Reserve Bank cre d it and $20,000,000 in gold stock and increases o f $110, 000,000 in money in circu la tio n , $3',000,000 in Treasury cash and $8y,000,000 in nonmember deposits and other Federal Reserve accounts, o ffs e t in part by an increase o f $2,000,000 in Treasury currency and a decrease o f $3l*,000,000 in treasury deposits v,rith Federal Reserve Banks, Excess reserves o f member banks on December 6 were estimated to be approximately $1,1*00,000,000* Holdings o f loans, discounts and advances decreased $211,000,000 and o f United States Government secu rities $¿[*2,000,000, The decrease in holdings o f United States Government secu rities resulted from decreases o f $1*37,000,000 in b i l l s and $236, 000,000 in c e r t ific a te s and an increase o f $1*32, 000,000 in notes. Changes in member bank reserve balances and related items during the week and the year ended December 6, l'9ui*, were as follow sj Increase or decrease since Dec, 6, l9Ui* Nov. 29, lghh Dec, 8, 19U3 ( In m illions o f d o lla rs) U.S. Govt, s e c u r itie s (in c l, guar, s e c ,) Loans, discounts and advances Other Reserve Bank cred it 13,311 389 U29 - 21*2 - 211 + 62 + 7*295 + 270 + 23 Total Reserve Bank cre d it Gold stock Treasury currency 19,130 2o, 668 1*, 122 - 390 - 20 + 2 + 7,590 - 1,376 + 2o Member bank reserve balances lioney in circu la tion Treasury cash Treasury deposits with F* R. Banks Nonmember deposits and other F,R,accounts lil, 18i* 25,107 2,337 258 2,033 - 577 + 110 + 3 - 31* + 89 + 1.615 + ¿1,972 + 36 1*28 + 38 F o p F. R. .283c I l i ß l L I I I E S STaTELBNT OF CClUirivA- OF TEi FEDERAL JJS'JIfVE BANKS CM DECEtKER. 6, 1 ^ . f i n thousands o f d o lla r s ) T otal Boston New York P h ila . Cl-;ve. Rich. A tlanta Chicago St.Louis Minn. Kans.Cy. 21*1+76,589 1358,531 U,763,U29 11+12,390 1*72,189 11+79,21+3 1259.981; 3925,568 916,739 1*72,610 783,631+ Federal Reserve notes Deposits: Member bank-reserve’ a cct. ll+, 133,519 68l+,l+03 l+,l*3l+,753 710,1+1+2 1097,087 U.S.Troasu.er-general a cct. 258,081 16,050 66,601 ' 5,918 17,769 Foreign ’ 1*229,310 86*1+39 l/*73,l;39 108,792 105,21+5 7,068 . 18,025 Other 1+06, 51+5 it, 068 “ 287, 21+8 61+3,976 613,302 211+7,1+82- 525,379 321,686 5,971+ l+,729 68,973- 10,1+99 13,1*18 11+6,633 36,658 26,016 1+7,301 37,81+1 3,693 1+.961+ li, 898 H+,569 1*,867 665,75? 17,-338 3U,293 3,760 Dallas SanFran» 51+2,638 268l+,63l+ 6oii*909 1631*361 13,21+1+ 17,568 31+*293 92,310 5,917 1+7,1+68 Total deposits ' 16*077,1+55 790,960 5*312,091 832,220 i233,126 70 /,9l+l+ 660,836 2367,986 550,105 365,987 721,130 658*363 1838,707 Deferred a v a ila b ilit y items 1,31+9,21+7 107,555 21+7,720 75,581 199,076 8l+,993 53,553 11+8,11+3 63,589 31,225 79,01+9 151,455 107,308 Other l i a b i l i t i e s including 1,001 accrued dividends 2,919 326 378 1+50 1,320 ¿¿+0 568 1*17 1, 001+ 11,183 81+5 1,315 TuTa L LIABILITIES 38,9lU,l*7i* .2258,050 1^326,159 2321+,50I 3263,Cf)0 2238,135 1996,969 61*93,91+5 1570,811 870, 11+8 1595,207 125l+,971 1672,1+85 Capital paid in 13, 1*68 12,217 5*173 161,030 10,011 58,670 6, 1+1+8 5,105 5,093 5,792 3,1*89 19,231* 16,325 Surplus (S ection 7) 26*1+90 3,669 70,012 6,330 1,831 11*, 159 13,206 16,026 5,236 Î88,097 5,725 l*,5ÿ* 17,359 Surplus (St-ct^on 13b) 2,129 1,429 7,092 1*000 1,307 1*,1*21 1,137 3,290 26,965 530 2,871+ 1,007 71*9 wther cap ita l accounts 7,096 it, 6I+9 26,202 4,370 6,072 15,1*58 1**293 10l+,3l*8 l*,99l* 5,857 6,857 11,711 6,789 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 39,-39k,911* 2289,998 10,1+88,135 2365,358 3308,159 2309,898 2015,307 6556,556 1587,131+ 882,955 1611,070 1270,507 1*709,337 Coimnitments ip make in dustrial loans 1,056 - ¡+,587 - 2,881 50 5U5 — - 55 - F.R. notes outstanding C ollateral fo r F.R.notes held by F.R.Agents: Gold c e r t ific a t e s E lig ib le paper U.S.Govt, se cu ritie s 22^ 17,601 139l+*6l8 1+,923,556 11+52, 025' 1921,366 1507,721 1311,701+ 1+002,173 11, 220*000 •'370,095 10,951,732 595.000 2, 1+70,000 8,350 328,810 810.000 2; 300,000 600,000 872,000 5,1+95 - 850,000 1050,000 615,000 2,500 900,000 620,000 2520,000 - - 700,000 1500,000 95l+,568 1+83,096 808*253 571,371 2736,650 375,000 210,000 16,750 600 621,732 275,000 320,000 7,590 500,000 21+9,000 177l+,000 31+5,000 1160,000 SilATURITY DISTRIBUTION OF LOANS AND SECURITIES Discounts and advances Industrial loans U.S.Govt.- s e c u r itie s ’ ( i n c l . guar, s e c .) Total Within 15 days 383,208 6,298 361,663 5,508 18, 311, 01+1+ 2, 61+9, m i 16 to 30 days ' 6,292 616 yL vo 60 days 853 25 1 ,6 11,535 i+, 375 ,029 A /t e r deducting $ 7 b -i086,000 61 to 90 days 9 I days to 6 months 11+*1+00 2 1*9 3, 902, 262 1, 691,321 6 months to 1 year 11 1 to 2. years 56 1,826,61+0 509, 1*50 participations o f other Federul Reserve Banks 2 to 5 yo*ars Over 5 years 31 838,602 856,791* Form F* R* 253a R elea sed .fo r p u b liq a tion Friday morning, December 8, 19W4; .ttot e a rlie r* STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE Ba MKS COMBINED (In thousands o f dollars) I n c r e a s e or d e c re a s e s in c e Dec# 6, 191*1* Nov. 29, 17,950,165 572,682 23!*, 81*3 18,757,690 • 585,208' 6,298 - 27,195 + 5,1*75 - 6.728 , -1,765,850 + 595,865 58,281 - 30,i*l*8 - 209,887 - ' i*9U - 1, 1*50-, 266 + 275,515 i*,252 11,665,757 5» 856,71*0 1,51*5,121 1, 2145, 1*26 -1*57,059 - 2.56,250 +1*51,750 - - +5, 051, 1*00 +1,770,790 + 851*, 221 - 51*1,521 18,511,01*1* -21*1,559. +7,295,090 18,700,550 156 81*, 160 1,778,191 * 51*, 502' . 59,885 - 1*51,920 - « + l*,52il - 111,901 25 - 1,067 +7,566,175 • + 11*, 896 * .158,525 5,985 7,91*1 59,59l*,9ll*. -590,857 +6, 277,200 21,1*76,589 +106,70.1* +1*, 91*8,81*5 11*, 185,519.’ 258,081 1, 229,510 1*06,51*5 16,077,1*55* 1,31*9,21*7 >577 ,'1*1*8 - 31*, 1*06 - 18,81*1 +105,756 -5&*i 959 -175,659 +1,6ll*,l*66 - 1*27,657 - 218,562 + 190,581 +1,158,81*8 + 115,257 11,185 58,911*, l*7l*‘ 161,050 188,097 26,965 10l*,5l*8 1*78 ■-592,572 ♦ 161 - - „ +' 1,37a -5^0,857 + 1,083 +6,221;, 058 + 10,181* + 27,086 + 156 + 15,156 +6, 277,200 ,19W+ Dec, 8, 191*5 »•A S S . E T S Gold c e r t ific a t e s ’ on ¡hahd &nd due from* U# S#-Treasury Redemption fund - F# ;R# notes Other cash Total reserves* Discounts and advances Industrial logns U. St Govt#. s e cu ritie s: B ills ’’ Certificates* Notes Bonds Total U.ijl. Govt# secu rities ( inc'l# guar# sec, ) Total lo ans and secu rities Due from foreign banks F. R# notes o f other banks Uncollected items ^ank premises Other assets TOTa L ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: ; - Member bank-reserve; account U.S*Treasurer-general ackount Foreign Other Total deposits Deferred a v a ila b ility itemsOther l i a b i l i t i e s including accrued ’dividends TOT^L LIABILITIES ’ C A P I. T /, L A C C O U N T S Capital paid m Surplus (S ection 7) * Surplus ( Secticpn ^ljb) Other capital accounts TOIAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of to ta l reserves to deposit and F#R. note li a b i l i t i e s combined Commitments to make in dustrial loans i *Nov# 29 figure 59,59l*>>ll* ' 1*9.9^° U, 587 re v ise d . + '.5% + ' Ij.90* 11*. 2% l*,8l*8 Form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE. BANKS ON DECEMBER 6 , 1944 (In thousands of d o lla rs ) ASSETS TotajL Boston New York ’ P hila. Cleve* Gold c e r t ific a t e s on hand and due from T J. S. Treasury 17,-93Q#l65 925,876 Redempti on fund-F. R•note s 572,682 . 41,251 234,81+3 17,392 Other cash 4 , 593,069 -123*318 59,915 T o ta l r e s e r v e s 4,776,302 1012,739.1387,531 18,737,690 985,019 383,208 6,298 8,350 201 328,810 86 11,665,757 3 , 856,740 1,545,121 l ,243,426 865,230 167,944 67,284 54,146 2 , 693,283 1,335,897 535,199 430,698 951,042 1315,987 43,301 52,579 18,396 18,965 Rich. Atlanta Chicago St.Louis 916,994 892,106 3620,009 4 7 ,6 6 2 . 36,986 76,352 27 ,263 13,837; 18,074 Minn* Kans. Cy. Dallas SanFran. , 642,744 357,090 635,185 32,919 14,061. 25,897 4,817 12,985 12,951 500,942 2573,121 17,379 60,977 21,298 8 ,450 688,648 375,968. 532,771 2655,396 978,493 947,166 3723,624 1,490 315 2,500 132 11,300 ---- 839,804 1388,785 221,811 196,007 78,526 88,865 71,513 63,193 841,529 195,353 78,263 62,982 729,147 1216,996 125,314 754,664 50,206 302,338 40,403 243,305 471,045 348,822 183,980 62 ,953 73,707 25,221 59,315 20,297 578,226 142,619 57,137 45,981 492,788 1200,102 95,822 374,376 38,390 149,985 30,894 120,699 Total U*. S . G o v t - . s e c u r i t i e s (incl*,guar^ s e c ,} 18, 311,044 1154,604 4,995,077 1221,993;1726,511 1178,127 945,070 2517,303 788,047 457,293. 823,963 657,894 1345,162 Total loai s and se cu rities 5,323,973 1230 ',256 1728,316 1180,759 945,053 2528,603’ 804,797 457,893' 83^,578 658,197 1347,930 D iscou n ts and advances I n d u s t r i a l lo a n s U. S. Govt, s e c u r itie s : B ills C e rtific a te s Notes Bonds, Due from f o r e i g n banks ' 18, 700,550 1163,155 136 F. R0 notes o f other banks 8ii#l60 Uncollected items 1 , 778,191 Bank premises 34,302 Other as.sets 59,385 TOTAL ASSETS 10 2,586 134,716 1,615 2,897 1/ 49 15 ,224 345^982 8,914 .17,691 # *3 9 4 ,9 1 4 2289,99$ 10 ¿ 8 8 ,1 ^ 5,495 2,768 12 12 2,577 ■ 3,951 113,365 180,053 3,4684,111 3,441. 4,185 6 6,075 138,1(43 2,859 . 3,263 23 4 7,573 i n »503 1,614 2,354 17 10,647 279,872 2,885 10,908. 6OO ---- 16,750 ---- 4 7,922 80,466 2,052 3,?45 3 2,665 43,937 1 ,254 1,235. 674,033 7,59025 4 5,602 94,568 2,667 2,618 303 ---- 4 4,123 72,753 909 1,750 20 2,748 11 15,215 132,533 1,954 6.298 2365.858 3308,159 2309,898 2015,307 6556,556 1587, 1314. 082,955 1611,070 1270,307 ^709,337 l / A fter deducting $87,000 p a rticip a tion s o f other Federal Reserve Banks,
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