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Form F. P. 283 STATEMENT FOR THE PRESS Released fo r p u b lica tio n F r id a y m orn in g, Jan. 4» Board o f Governors o f th e F e d e r a l R e s e rv e System Jan u ary 3» 1?46 not e a r lie r . CONDITION OF THE FEDERAL RESERVE BANKS D u rin g th e w eek ended. January 2» member bank r e s e r v e b a la n c e s in c r e a s e d $2i|2,000,000. A d d it io n s t o member bank r e s e r v e s a r o s e from d e c re a s e s p f $ 42 8,0 00 ,0 0 0 in T r e a s u r y d ep b si'tS w it h F e d e r a l R e s e rv e Banlcs'and $ l ,5,c!-,-CT00,000 in money in c i r c u l a t i o n and an in c r e a s e o f $ 1 8 ,0 0 0 ,0 0 0 in T r e a s u r y c u rre n c y , o f f s e t in p a r t b y a d e c re a s e o f $ 32 5,0 0 0 ,0 0 0 in R e s e rv e Bank c r e d i t and in c r e a s e s o f $ 2 3 ,0 0 0 ,0 0 0 in T r e a s u r y cash and $ 1 5 ,0 0 0 ,0 0 0 in nonpember 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 . Excess- r e s e r v e s o f member banks on January 2 w ere e s tim a te d t o be a p p r o x im a te ly $ 1 , 4 8 0 , 000, 000. The s u rp lu s o f th e F e d e r a l R e s e rv e Banks was in c r e a s e d a t th e end o f th e y e a r from $228,153#000. to $ 35 8 »3 5 5 »0 0 0 . Of th e in c r e a s e , a b iu t $ 82 ,0 0 0,00 0 came from, e a rn in g s in e x c e s s o f expense and d iv id e n d re q u ire m e n ts d u rin g 19 4 5 and about $4 8 , 000, 0Q’0 fro m r e s e r v e s f o r c o n t in g e n c ie s w h ich a r e c a r r i e d as p a rt' o f th e c a p i t a l a ccou n ts o f th e F e d o ra l R e s e rv e Banks. 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 $ 27 0,000,000 w h ile h o ld in g s o f U n ite d S t a t e s Governisient s e c u r i t i e s in c r e a s e d $ 5 5 »0 0 0 ,0 0 0 . The in c r e a s e in h o ld in g s o f U n ite d S t a t e s povernm ent s e c u r i t i e s r e f l e c t s an in c r e a s e o f $ 7 7 4 , 0 0 0 ,0 0 0 in c e r t i f i c a t e s and d e c r e a s e s o f $ 1 4 2 , 0 0 0,00 0 in b i l l s and ’ $ 5 7 7 » 0 0 0 ,0 0 0 i n 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 and «th e y e a r ended Jan u ary 2, 1946, w ere as f : llov.-s 5 ite m s d u rin g the- week Increase op decrease sinde ! Jan. 2 , D ec. 26, ,....1946 »■ . 1945 Jan* 3» ....... 191*5 .-*■ ■ ■ ■ »— (I n m illio n s o f d o lla r s ) U. S, Government s e c u r i t i e s Loans, d is c o u n t s *and advances O th er R e s e rv e Bank c r e d i t 24,092 224 531 + 55 - 270 - 110 +5,358 + 190 171 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 rea su ry cu rren cy 24,847 20,065 4,352 - 325 18 +5,377 - 554 + 222 Member bank r e s e r v e ^balances 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 it s w it h R* Banks Honm^mber d e p o s it s and o th e r F* R ,a cc o u n ts . 15,900 28,491 + 242 - 158 + 23 - 428 + 15 +1,979 +3.> 165 62 + - 179 214 2 ,3 0 6 771 1,797. — + STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY'2, 1946 (In thousands of dollars) New York Phila. Cleve. Rich* Atlanta Chicago St.Louis Minn*.' Kans.Cy. Form F. R. 203° L I ’A B I L I T I E S T o ta l Boston Federal Reserve notes 24,634,868 1479*639 5* 390,233 1634,341 2097,164 1738,326 1483,035 4446,598 1063,526 D eposits: l.iember bank-reserve a a c t. 15, 900,136 694,325 4 , 909,765 794,791 1167,007 706.190 757,299 2342,291 589,165 U .S .T reasu rer-gen eral acct.. 771.155 94,202 , 95,700 37,246 80,646 44,427 52,143 125,823 45,794 Foreign 355,531 55,653 1/ 334,579 71,383 70,572 34,069 28,391 105,453 24,335 4,017 336,609 8,518 7*758 11,087 5,196 3,860 9,750 0th3r 445»657 T o ta l deposits 17,970,477 848,197 5,676,653 911,938 1325*983 795,773 843,029 2577,427 669,044 D eferred a v a i l a b i l i t y items ^ 286 133*862 281,750 122,351 180,260 184,339 137,980 260,482 69,144 Other l i a b i l i t i e s in clu d in g * * accrued dividends 1,368 362 1,792 417 430 • 296 511 783 :7,733 TOTAL LIABILITIES 44,427*264 2462,115 11*350,004 2669,141 3604,190 2718,368 2464,406 7,286^991802,010 Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Commitments to make industrial loans F.R. notés outstanding Collateral for F»R. notes, held by F.R. Aj-ents* Gold certificates Eligible paper U.S.Govt. securities Discounts and advances In d u s tr ia l loans TJ. S . Govt, s e c u r itie s 177,337 358,355 27,428 ____ 24,049 10,639 22,439 63,636 13,064 17*693 116,860 28,946 33*745 • 7,205 4,501 1,007 2,531 „ 2,014_____1,970 3,012 2,o43 7,179 15*593 3*326 2 , o44 6,398 i4,!*5ü 762 1,971 21,125 53,029 1,429 2,285 5,613 12,939 527 1,713 Dallas SanFran. 552,003 912,550 619*904 3217,769 386,733 50,402 18,657 2,498 778,485 52,502 24*555 3*122 750,480 2025,605 72,565 59,705 61,769 24,555 2,938 50,504 458,290 45*677 838,444 108,416 817,456 2208,243 95,886 194,039 310 246_______ 844 374 1056,344 1859,500 1535,492 5620,895 6,027 16,297 3,896 5,770 10,670 28,924 8,869 11,891 1,507 2,142 1,073 1,137 1.750 2.358 I.6& 0 1.750 45,014,455 2500,248 11, 540,256 2717,666 5658,605 2747,010 2437,-987 7364,167 1822,802 3071^22 1380,048 1553,246 5670.596 1,646 164 ~ - 705 300 200 '185 25, 617,619 1538,885 5,555,137 1698,506 2180,18L. 1799,460 1565,142 4570,154 1117,499 569,504 10, 525,000 460,000 155,052 1,060 15, 588,221 1100,000 5, 120,000 500;000 . 655,000 670,000 115,880 4,250 - 1.575 2, 400,000 1200,000 1550,000 1175,000 Total ’ Within 15 days 2 2 2 ,4 8 2 161,847 1*959 24,091,682 2,751*685 1,828 . 16 t o - 50 éays 39,999 3 3, 512,914 680,000 1890,000 - - 900,000 2700,000 10,010 57 5,469,554 8 1, 665,900 665,464 5412,887 500, 000170,000 280,000 169, 0001649,000 7,017 10, 0 0 0 . 15, 25.0 . - 865,221 400,000 700,000 500,000 1900,000 MATURITY DISTRIBUTION OF BOANS AND SECURITIES 9I days to 6 months 31 to ;; 61 to •'6 months to 1 year 90 days 60 days_10,62é r 4 5,155,669 947,002 92 15 4, 581,640 l / A f t e r deducting $517,528,000 p a r tic ip a tio n s o f oth er Federal Reserve Banks, 1 to 2 years 2 to 5 years Over 5 years 15 - - ‘‘ 15 507*652 690,690 Form F, R, 283a Released for- publication Friday morning, January U,.I9U6 ; not e a r lie r . STATEMENT OF CONDITION. OF THE TWELVE FEDERAL RESERVE J5ANKS COMBINED' (In thousands of d o lla rs) Increase or decrease since Jan. 2, I9k6 Jan. '3, 19^5 Dec., 26, •191*5 A S S-E TrS Gold c e rtific a te s Redemption fund fo r F, R, notes Total gold certifip ate,reserves. - + 771*, 800 193,253 12 + "25,671* ■ - 581,51*7 12, 901* -269,51*5 99 + 192,632 1;802 17,062,565 800,359 17,662,921* 12 Other cash 232, 1*1*8 Discounts and advances Industrial loans U.S. Govt, securitiess B ills C ertificates Notes Bonds . 222,1*82 12,660,679 8, 91*1,011 1, 51*3,100 91*6, S92 « 11*1,890 +773,550 -576,550 Total U. S. Government securities J 21*, 091,682 + ’ 55, 1^ *5,357,3211 Total loans and secu rities 24, 316,103 -2lU,53ji +5,5U8,15U 1,939 Due from foreign banksF, R, notes of other banks Uncollected items Bank premises Other assets.; 110 160,370 2, 31*5,152 33,376 63,950 TOTAL ASSETS - +.26,775 +325,676 239 + 1*1*2 , '+1,620,513 +4,051*, 371 25,121 - 292,1*39 -■ + +* * 26 52,827 86,085 - 895 '5,589 1*5, oil*, 1*33 +163,782 +1*, 925, U 3 21*, 631*, 868 -101,523 +2, 892,072 15,900,136 771,153 853,531 1*1*5,657 17,970,1*77 +21*2,1*58 -1*27,557 - 9,905 + 26,777 -168,227 +1,978,71*1 + 179,321* 366,565 + 57,177 1,811*, 186 +1*35,633 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 ilit y items Other l i a b i l i t i e s including dividends TOTAL LIABILITIES C A P I T A L ....... - accrued +160,835 + 863 +1*,826,3l*0 177,337 35^,355 27,1*28 2l*,0l*9 + 1,501 +130,202 + 263 - 1*29,019 + + + - 1*5, Oil*, 1*33 +163,782 +1*, 925,113 7,733 1*1*, 1*27,261* - 5,01*8 • A C...................... C O U H...... TS / . ■■ .1 Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold c e rtific a te reserves to deposit and F.R.note li a b i l i t i e s combined ' Commitments to -make in d u strial loans" +1,81*8,677 + 81*, 728 1*1. 1,61*6 + - .2$ 1,201* - 12,938 130,202 263 1*1*, 630 6.8$ 2,163 Form F. R» 284b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 2, lgi|6 ( I n thousands o f d o lla r s ) A S S E T S Total Boston New York 17,062,565 739,087 4,874,011 800,359 '59,189 124,283 17 , 862,924 798,276 4,998,294 Other cash 232,448 18,125 36,179 15,777 Discounts and advances In dustrial loans U.S. Govt, secu rities* B ills C ertificates Notes Bonds 222,482 4,209 132,894 8,386 12,660,679 704,843 8, 941,011 . 615,225 1,543,100 106,181 65,156 946,892 2, 980,919 775,955 1078,545 2 , 238,391 •676,658 854,982 Total U.S. Government securities 24 , 091,682 l49l»U05 5,842,682 1641,056 2171,633 1531,4 io 1269, 7363617,422 1087,177 640,550 1094,378 926,091 2778,142 Total loans and secu rities 24, 316,103 1495,724 5,975,576 1651,203 2190,172 1535,012 1271 , 3813629,532 1095,604 651,631 1111,053 927,501 2781,714 Due from foreign banks Ho F.R. notes of other banks i60,370 uncollected items 2,34:5,152 Bank premises 33,376 Other assets 63,950 7 5,138 Gold c e rtific a te s Redemption fund fo r F» R. notes Total gold c e rtific a te reserves TOTAL ASSETS 1,939 110 172,276 1,352 9,350 - - 386,317 237,055 1/40 19,009 490,170 8,674 13,214 Phila* Cleve. Rich. 834,041 1126,649 889,911 78,031 60,083 61,134 895,175 1204,680 1,761 116,782 71,661 10' 6,&5U 141,801 3,313 3,933 15,542 18,539 - - 147,559 90,547 Atlanta Chicago St.Louis 967,749 3193,380 45,950 135,309 949,99k 1013,699 3328,689 17,608 3,549 53 814,515 560,736 96,775 59,384 10 5 j o , 24a 12,696 225,840 207,-837 2,769 3,989 5,73b 3,543 23,941 26,703 1,645 12,110 - - - - Minn. Kans.Cyv 567,746 327,586 581,676 20,145 35,246 610,743 347,731 616,922 42,997 14,726 7,048 14,287 8,427 11,081 16,660 - - - - 15 D allas SanFran. 477,737 2482,992 26.155 111,837 503,892 2594,829 11,360 31,152 1,410 3,572 - - 677,012 2150,306 526,400 328,470 537,873- 426,315 1659,526 463,613 1147,538 438,623 244,101 435,283. 390,911 874,950 67,466 151,005 75,701 42,128 75,124 80,013 198,049 49,098 121,529 ‘ 46,453 25,851 ‘ 46,098 ' 41,399'' 92,661 4 14,719 159,255 1,568 3,420 14 17,571 350,441 3,106 8,111 3 9,557 86,593 2,059 3,517 3 7,087 55,474 1,263 1,585 3 9,881 122,541 2,591 2,770 8 3 22,565 6,429’ 100,324 232,600 829 1,863 2,908 5,865 1*5^014,1*33 2500,248 11,540,236 2717,666 3658,-605 2747*010 2487,98? 7364^1671822,802 3071,822 1880,048 1553»246 5670,596 l / A ft e r deducting $70,000 p a r tic ip a tio n s c f other Federal Reserve Banks.