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Form F. R. 233 STATEMENT FOR THE PRESS Released fo r p u b lic a tio n Fri&ay. morning, Jan. 11; not e a r lie r . Board o f Governors o f the Federal Reserve System January 10, 1946 CONDITION OF THE FEDERAL RESERVE BANKS D u rin g th e week en^ed J a n u a ry ,9 member bonk r e s e r v e b a la n c e s d e c re a s e d $ 7 3 ,0 0 0 ,0 0 0 . R e d u c tio n s ■i n member bank r e s e r v e s r e s u lt e d fro m d e c re a s e s o f $ 31 1,001,000 in R e s e rv e t.Unk c r e d i t and $ 1 9 ,0 0 0 ,0 0 0 in g o ld s t o c k and an in c r e a s e o f $ 15 ,0 0 0 ,0 0 0 in nonmember d e p o s it s and o th e r F e d e r a l R e s e rv e a c c o u n ts , o f f s e t in p a r t , b y d e c r e a s e s o f $19 ] ; , 0 0 0 ,0 0 0 in money in c i r c u l a t i o n , $ 50 ,0 0 0 ,0 0 0 in T r e a s u r y cash and $ 1 3 ,0 0 0 ,0 0 0 in T r e a s u r y d’e p 'o s its w it h F e d e r a l Res.eryc Banks and an in c r e a s e o f $ 1 0 ,0 0 0 ,0 0 0 in T r e a s u r y c u rro n c y . E xcess r e s e r v e s o f member bJtfiks on Jan u ary 9 wure e s tim a te d t o be a p p r o x im a te ly $ 1 , 3 3 0 , 000, 000. H o ld in g s o f lo a n s , d is c o u n ts and advances d e c re a s e d $ 7 ,0 0 0 ,0 0 0 and o f U nit'ed S t a t e s Government s e c u r i t i e s .$233,.000,000. The d e c re a s e in h o ld in g s o f U n ite d S ta te s Government s e c u r i t i e s r e f l e c t s d e c r e a s e s o f ‘$ 9 4 ,0 0 0,00 0 in b i l l s , ? 1 3 1 , 00 0,000 i n c e r t i f i c a t e s and $8 , 0 0 0 ,0 0 0 in n o t e s . Changes in member bank r e s e r v e b a la n c e s and r e l a t e d ite m s d iir in g th e week and th e y e a r ended Jan u ary *9 , I 9I4S ,"w e r e 'as f o l l o w s : Increase or decrease since t Jan. 9» 1946 Jaî*« 2, 1946 Jan. 10, 1945 .(In m illio n s ' o f d o lla r s ) U. S. Government s e c u r i t i e s 'Loa n s, d is c o u n ts and advan ces OtKi-r R e s e r v e B o n k - c r e d it 23,859 . 217 .461 - £33 7 70 +4,952 + 83 + 16 T o t a l R e s e rv e Bank c r e d i t ’G old s to c k T r e a s u r y 'c u r r e n c y 24,536 20, 04.6 4,362 », <311 - ' 19 + 10 +5,050 - 547 + 232 Member bank r ^ s ^ rv e b a la n c e s Money in c i r c u l a t i o n T re a s u ry ' cash T re a s u ry d e p o s it s w it h F. R, Banks Monrumb-vr d e p o s it s and o th e r F .R .a c c o u n ts 15,822 28,297 2,256 75-3 1,S12 *» +1,765 +3.040 - 116 + 230 - 183 - + 78 194 50 13 15 Form F . R. 283c STATEMENT OF CONDITIO?: OF THE FEDERAL RESERVE BANKS OiT JAKUAHT 9 , 1946 ( I n thousands o f a o lla r s ) V Total Dallas SanFran. Boston New York Phila. Cl eve* Minn. Kans.Cy. Sich. Atlanta Chicago St.Louis LIABILITIES Federal Reserve notes 24,434*899 1466,198 5*345*932 1625,542 2085,413 1723,921 1473*891 4432,700 1057*260 551,464 9l i , 088 615*715 3195,775 Deposits j Member bank-reserve acct. 15,821,635 724,198 4,842,121 792,154 1194,486 716,009 751,354 2300,966 606,214 392,488 775,776 748,596 1977,273 U.S.Treasurer-general acct- 757,818 49*253' 286,131 35*026 50 ,64o 29,110 27,672 102,248 24,342 31,090 53*194 39,557 49,555 Foreign 906,232 76,031 25*920 25*920 30*240 58,401 1/354*471 36,288 19,872 25 ,920 65,683 75,167 112,319 Other 1,210 400,407 51,396 2,510 3*232 2,127 305,541 3,238 8,147 4,237 5,711 3*445 9,813 Total deposits 17 , 886,092 835,084 5,788,064 910,980 1527,355 787,624 812,711 2521,21(4 666,239 1)49*896 832,955 808,920 2144,992 Deferred a va ila b ility items 1,520,4l6 124,?6l 41,632 60,658 158,724 281,388 105,328 132,931 1 1 3 ,466 118,031 216,357 95,441 73,61+9 Other lia b ilitie s including accrued dividends 803 2 ,161 501 350 .272 254 8,013 393 *.1*453 294 297 319 .431 TOTAL LIABILITIES 4 3 , 899*420 2426,436 1 1 ,416,842 2642,351 3546,513 2625,442 2 404,983 7172,462 1797,470 1043,556 1837,759 1*35*527 5500,294 Capital paid in 5,343 21,201 178,250 17,902 7,221 6,107 16,430 10,671 63 , 707’ 13 ,16 1 6,458 5,641 3,903 Surplus (Section 7) 10,670 3,869 23 ,924 22,439 116,360 28,946 14,450 53,029 12,939 358,555 11,3 9 1 33,745 15,595 Surplus (Section lj>b) 27,423 3,326 2,142 762 3,012 7,205 527 4,501 1,007 1,15 7 1,307 1,429 1,073 Other capital accounts 2,516 2,162 1,696 •25,868 2 ,156 . 2,977 2,071 1,814 2,154. 2,154 1,845 2 ,495 1*828 TOTAL LIABILITIES AND CAPITAL aCCOUiJTS 44,439*321 2464,714 11,607,591 2691,113 3601,326 2653,744 2428,724 7250,616 1818,391 1053,877 1853,430 1505,439 5550,306 Commitments to make industrial loans 1,666 164 725 300 200 — — — —— — 135 92 F. 2 . notes outstanding 25,525,033 1533*265 5*524,043 1691,331 2174,713 1793,61+4 1559*972 4559,516 1112,937 569,535 946,182 657 À96 3401,349 Collateral fo r F. R. notes hold by F. R. ..gents t Gold certificates 10 , 558,000 460*000 3 , 520,000 500,000 655,000 600,000 680,000 1590,000 300,000 ' 175,000 230,000 169,000 1649,000 — — ---— Eligible pap^^ 10,800 12,200 2,500 — 3,540 154*790 5,250 ,9*775 110,725 500,000 1900,000 S. Govt, s/jcurities 15*330,102 1100,000 2 , 000,000 1200,000 1550,000 1225,000 900,000 3000,000 905,102 400 ,000 700,000 } MATURITY DISTRIBUTION OF LOAMS .2- D sücuariiES Within l6 to 31 to 6l to' 6 months 1 to 2 2 to 5 91 days to Ovdi yo.ars 5 years 6 months to 1 year Total 90 days yejirs 15 days 30 days 60 days 1 -----— — Discounts acid advances 10,310 214,340 . ’ 145,760 48,475 10,295 Industrial .loans *•— ! 12 3 1,882 1 1,773 13 4 13 53 690,690 U. S. Govt,; securities 5,507,321 1 , 640 , 1;00 44+32,140 507 £52 23,353,692 2,733*555 3,553,504 4,333,150 * 1/ A fter deducting $551,22?,000 participations"of other Federal Reserve Banks Form F. R; 283a Released fo r p u b lica tio n F riday morning,.January 11,1946} not e a r lie r . STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESEhVS BANKS COMBINED (In thous.ands of d o lla rs) Increase or decrease since J$n. 9 , I 9U6 A S S‘ S I S Gold certificates Redemption fund for F, R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U.S. Govt, securities*• B ills Certificates Notes Bonds Total U. S. Government securities Total lo*ns and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank promises Other assets TOTAL ASSETS * - ' + 25,995 +'.. 1,964. + 27,959 t 717,805 191,333 - 526,472 277,548 + 4 5 ,io o + 10,184 21ii,840 1,882 7,642 ,57 + 84,685 2,007 •12, 566,189 8,810,511 1, 535,100 -946,892 - 94,490 - 130,500 - 8,000 +1, 332,662 +3,923,871 33,121 - 271,590 23, 858,692 - 232,990 +4,951,822 24,075,414 - 2i*0 , 689 , « +-5,034,500 17, 088,560 802,323 17, 890,883 110 170,950 1,981,365 33,376 •59,675 + ♦ + 10,580 -363,787 -r - 4,275 . + 26 66,929 194,320 • 895 1,156 44,489,321 -525,112 +4,779,696 21*, 1*84,899 ‘ -149,969 +2, 790,122 15,821,635 757,818 906,232 400,407 78.501 - 13,335 + 52,701 - 45,250 +1,764,639 •+ 230^017 - 292,597 + '9,451 17, 886,092 - 1,520,416 8,013 43,899,420 * 178,250 358,355 27,428 ' 25,868 8^,385 +1, 711,510 -293,770 ■'+' + 280 -527,844 + 1771862 vO CO Jan.- 10, 1945 + LIABILITIES Federal Reserve notes Deposits« Member bank - reserve account U.S.Treasurer - General account Foreign Other Total deposits Deferred a vaila b ility items Other lia b ilitie s including accrued dividends TOTAL LIABILITIES C A P I T a L ' A C C 0‘ IJ N ? S ‘ Capital paid in 5 Surplus (Soction 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES-AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F.R.note lia b ilitie s combined Commitments to make industrial loans' Jan. 2, 1946 +4,579,980 1,819 13,346' 130,202 .263 44,095 44,489,321 - 525,112 +4,779,696 42. 2fo 1,666 + * .3f» . + 20 6.4% 1,995 +. 913 * + + +. Form F. hf 284b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 9, I 9U6 ( I n thousands o f d o lla r s ) A S S E T S Total Bo'ston New York 17,088,560 765,34b 5,390,682 802,323 59,090 108,912 17,890,883 824,431* 5,499.594 Oth$r cash 277,548 22,618 49.339 18,648 23,523 Discounts and advances In d u stria l loans U. 5. Govt, secu rities* B ills C e rtific a te s Efotes Bonds 21^,840 1,882 12,924 110 127,739 9.386 1.723 8,739 12,566,189 8,810,511 1 » 535,loo 946,892 683,995 605,913 105,572 65,120 2,66^553 2,206,874 384,515 237;i7y Gold c e rtific a te s Redemption fund fo r F.' R. notes Total gold c e r t ific a t e reserves P h ila. Cleve* 841,115 1100,597 60,969 .Rich. • Atlanta 906,389 77,886 63,3^2 902,084 1178,483 969.731 20,292 — 760,026 1108,176 666,693 842,032 116,161 146,711 71,651 90,495 4,474 49 772,462 552,464 96,259 59,375 Chicago St*Louis 950,735 2684,658 Liinn,. Kans.Cy. Dallas !3anFran. 558,^44 332,913 586,319 469,459 2501,805 150,167 42,954 20*132 35.216 26 , 123 . 111,707 996,560 2834,825 601,498 353,045 621*535 495,582- :2613,512 45,825 25.326 32,400 15,731 7,103 13,624 1 1 , 698.. 37,246 3,945 --- 12,210 — 4,950 — 11,881 —— 13,610 -*1,410 — 3,572 — 654,792 ;2573,412 530,626 432,339 75,329 46,465 456,781 1130,876 79.587 197,038 121,538 49,092 n 313,688 532,024 428,924 74,733 46,097 240,428 41,891 25,840 414,547 1553,888 385,276 861,911 67.128 150,176 41,407 92,633 T otal U.S,Government se c u ritie s 23,858,692 1460,600 5,497.121- 1614,531 2187,414 11*80,560 1240,252 ;4022,864 1084,759 621,847 1081;778 *908,358 ;2658,608 Tota.1 loans and se c u ritie s 24,075,414 1473,634 •5,624*360 1625,640 2196,153 1485,083 1244,197 i4035,074 1009,709 633,728 1095,398 Due fjfom foreign banks F.R. -notes o f other banks» Uncollected items Bank premises Other assets TOTAL ASSETS 110 170,950 1,981,365 33,376 59.675 7 5,611 132,951 1,352 4 ,10 7 10 12,924 1/40 10 2T ,921 6,986 389,324 8,674 13.B39 130.-332 3,313 180,401 4,100 5.763 3,989 4. 5 . 14 34,588. 17,077 14,309 137,-772 143,541 319.719 3,106 1,568 2,769 8,401 3,504 . 3,219 .3 9,611 96,312 2,059 3,468 . 3 5,984 .3 9.962 56,166 112,524 1,263 1.585 ■ 2,591 2,853 909, 768-*:2662,180 8 26,130 203,090 829 1,863 6,277 2,559. 3 5,847 79,153 44.489,321 2464,714 11,607,591 2691,113 3601,326 2653,741+ 2428,724 7250,616 1818,391 1058,877 1858,480 1505,432 5550,306 l/ A fte r deducting $70,000 participation s o f other Federal Reserve Banks.