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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( F o r Immediate R e l e a s e ) November 12, I9I18 H.U.1 CONDITION OF THE FEDERAL RESERVE BANKS During t h e week ended November 10 member bank r e s e r v e b a l a n c e s i n c r e a s e d $101,000,000* A d d i t i o n s t o member bank r e s e r v e s r e s u l t e d from i n c r e a s e s of $200,000,000 i n Reserve Bank c r e d i t and $90,000,000 i n gold 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 $83,000,000 i n money i n c i r c u l a t i o n , $80,000,000 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 Reserve Banks, and $26,000,000 i n nonmember d e p o s i t s and o t h e r F e d e r a l Reserve accounts* Excess r e s e r v e s of member banks on November 10 were e s t i m a t e d t o be a p p r o x i m a t e l y $950,000,000* Holdings of l o a n s , d i s c o u n t s and advances i n c r e a s e d $6,000,000 while h o l d i n g s of United S t a t e s Government s e c u r i t i e s d e c r e a s e d $95*000,000* The d e c r e a s e i n h o l d i n g s of United S t a t e 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 of $155,000,000 i n b i l l s , $20,000,000 i n c e r t i f i c a t e s and $9,000,000 i n n o t e s , and an i n c r e a s e of $87,000,000 i n bonds* Changes i n member bank r e s e r v e b a l a n c e s and r e l a t e d items d u r i n g t h e week and t h e year ended November 10,19^8, were a s follows* I n c r e a s e or d e c r e a s e since November 10, I9I48 November 3* I9I18 November 12 I9k7 ( I n m i l l i o n s of d o l l a r s ) U« S« Government s e c u r i t i e s Loans, d i s c o u n t s and advances Other Reserve Bank c r e d i t 95 6 288 *• + TotaEL Reserve Bank c r e d i t Gold s t o c k Treasury currency 200 90 1 + 1,21*0 +1,655 + 29 Member bank r e s e r v e b a l a n c e s Money i n 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 i t s w i t h F* R# Banks Nonmember d e p o s i t s and o t h e r F ^ a c c o u n t s 101 83 • •»•» 80 26 +1,092 10I1 251 +3,108 372 11 329 131 •»» + H,l*.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) I n c r e a s e or d e c r e a s e since ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F . R. n o t e s T o t a l gold c e r t i f i c a t e r e s e r v e s Other cash Discounts and advances I n d u s t r i a l loans Acceptances purchased U. S. Govt, s e c u r i t i e s : Bills Certificates Notes Bonds T o t a l U. S. Government securities "" T o t a l loans and s e c u r i t i e s Due from f o r e i g n banks F . R. n o t e s of o t h e r banks U n c o l l e c t e d items Bank premises Other a s s e t s TOTAL ASSETS L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits! Member b a n k - 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 accrued 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 o 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 and F # R. note l i a b i l i t i e s combined "Jontingent l i a b i l i t y on b i l l s purchased for foreign correspondents Commitments t o make i n d u s t r i a l loans Nov, 10, 19U8 Nov. 3 , 19l8 Nov. 12, 22,195,1*29 630,303 22,825,732 250,935 326,1*02 973 + 79,000 + 1,001 + 80,001 - 2,986 + 6,331; 1*2 -— +l,68i*,259 1*9,239 +1,635,020 + 1*,1*91 - 102,592 967 1,006 1*,977,21*1* 6,119,819 823,600 11,223,1*88 -153,31*5 - 20,000 8,500 + 86,799 -8,257,330 - 988,986 - 11*6,900 +10,1*85,798 23.lWi.X51 - 95,01*6 + 1,092,582 23,1*71,526 + 1*9 127,563 2,785,135 32,223 212,121* - 88,670 ... 1,225 +229,658 ... * 6,533 988,017 1*6 + 23,703 + 126,098 985 +150,869 1*9,705,287 +223,311 + 2,927,167 21*, 181,61*5 + 68,150 - 19,91*7,180 1,553,156 1*31*. 392 1*77,877 22,1*12,605 2,328,031 +101,136 + 80,563 - 28,71*2 • 55,176 +208,133 - 58,830 + 3,108,388 + 329,635 8,61*1* 29,126 +3,1*00,253 125,865 12,779 1*8,93 5.060 133 +217,320 7.251 +2,863,01*2 + + 6,086 + 8,366 + 88 + 1*9,585 +2,927,167 200,116 1+1*8,189 •27»5ii3 9l*,379 1*9,705,287 «•«»«• + 5,966 +223,311 .155 1*9. <# 1,858 6,10i* 25 «*«•«• + + 12 32 19U7 l*ol*,095 .1$ 1,188 1,072 H.i*.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 10, I9U8 ( I n thousands of d o l l a r s ) ASSETS Gold c e r t i f i c a t e s Total Boston 22,195,1*29 772,925 650,503 52,71*5 22,825,752 250,955 825,670 25,851+ New York Phila. Cleve. Rich. Atlanta Chicago S t . L o u i s 7,li*2,l*lo loi*3,8l*5 11*13.567 1037,302 105I*,106 1*318,611 65U,812 Minn, Kans .Cy. 502,157 819,987 23,257 56,1*06 D a l l a s SanFran. 601,591 285it,518 Redemption fund f o r F. R. notes 58,376 58,511* 75,429 58,987 1*5,098 104,1*62 1*5,1U1 7,200,7861102,3571486,9961096,2891099,201*1*1*23,073 1*2,815 11,177 20, 61*7 16,269 18,51*7 36,182 699,953 15,490 26,929 1*6,959 T o t a l gold c e r t i f i c a t e reserves other cash Discounts and advances 526,1*02 I n d u s t r i a l loans 975 U. S. Govt, s e c u r i t i e s : Bills 1*,977.21*1* Certificates Notes Bonds 18,1*3*. — 331*,590 525,1*11* 856,393 13,358 10,092 628,520 2881,277 12,813 27,695 96,299 — 21,51*2 955 1*1,360 — li*,76U 58 15.191* — 1*0,166 11,61*9 —. 6.-Q25 -— 16,128 —- 10,137 3i*,68i* 1,193,1*51* 355,521* 1*77,168 325,21*2 21*9,525 7ii*,768 2l*7,52o 152,51*8 231,991* 225,56!* 1*71,71*7 6,119,819 1*11,399 1,1*67,1*23 1*37,138 586,708 397,14*6 306,805 869,553 337,891* 187,321 285,251 197,481* 58,850 78,958 53,1*88 1*1,289 117,021* 1*5,1*73 25,210 38,389 825,600 55,366 11,223,1*88 754,1*87 2,691,190 801,69!* 1075,995 726,898 562,668 1594/725 619,682 51*3,51*0 523,158 277,31*3 555,538 37,325 7&,76i* 508,658 1018,855 ^ o t a l U.S.Government securities 25,li*l*,151 1555,81*2 5,51*9,551 1655,186 2218,829 1505,071* 1160,287 5296,068 1250,569 708,1*19 1078,772 101*8,870 2120,881* 25,1*71,526 l57l*,296 5,61*5,850 1675,665 2260,189 1517,876 1175,1*81 5336,251* 1262,018 7ll*,l*W* 1094,900 1059,007 2155,568 T o t a l loans and securities Due from f o r e i g n banks 1*9 F . R . n o t e s of o t h e r banks 127,563 Uncollected items 2,785,155 3 l / l 6 6,1*62 l"5,!*93 207,132 529,697 1* 7.H*8 1* 6,382 2 20,171 2 10,626 177,165 267,836 252,oil* 178,687 1 ll*,822 2 7,30!* 1 10,51*1* 2 7,650 1*37,050 li*2,585 79,417 158,012 2 8,121 k 12,81*0 131,250 21*1*,310 Bank premises 52,223 1,19!* 8,063 3,061* 4S80J 2,571 l,57l* 3,021 1,91*9 1,182 2,592 761 1,651 other assets 212,121* H*,382 50,658 il*,7Q9 20,1*97 13,69!* 10,675 29,975 11,958 6,500 9,965 9,561 19,572 TOTAL ASSETS 1*9,705,287 2651*,995 15,1*93,376 2991,287 1*067,352 2898,886 2i*9l*,796 8280,31*1* 211*1,259 1550,860 2159,1*0!* 181*9,855 531*2,915 . l / A f t e r d e d u c t i n g $33,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. E.i+.l(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 10, I9I+8 (In thousands of d o l l a r s ) New York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Total. Boston Dallas SanFran. Minn. Kans.Cy. 24,181,645 llU5,048 5,508,885 1651,634 2132,145 1688,193 1346,191 4587,066 1137,599 635,290 940,513 631,663 2509,418 Federal Reserve notes Depositss Member bank reserve a c c t . 19,91+7,180 858,788 6,451,894 964,685 1445,894 855, o4o 842,757 279,402 131,750 159,588 97,762 91,769 U.S.Treasurer-general a c c t . 1,553,156 15 2 ,594 1/196,517 28,326 32,175 17,135 14,358 Foreign 434,392 22,031 Other 3,804 477,877 414,282 1,454 5,597 2,894 600 Total deposits 22,412,605 1017,017 7,542,095 1126,195 1645,052 972,831 949,464 Deferred a v a i l a b i l i t y items 2,328,031 175,052 4o4,522 150,985 219,812 197,485 165,404 Other l i a b i l i t i e s including accrued dividends 795 1,208 685 5,587 12,779 660 555 TOTAL LIABILITIES 48,955,060 2605,800 15,258,889 2929,607 5996,217 2859,169 2461,594 Capital paid in 200,116 11,541 69,002 14,642 19,022 8,554 7,831 Surplus (Section 7) 448,189 28,117 138,596 35,550 42,175 21,210 19,110 Surplus (Section 13b) 27,543 5,011 7,319 4,489 1,006 3,549 762 Other capital accounts 94,579 6,724 19,570 7,199 8.934 6.624 5.4Q9 TOTAL LIABILITIES AND 5018,792 158,292 47,559 2.114 5226,757 559,569 744.057 84,690 12,589 8.2Q0 349,626 123,887 519,6no 927,262 970,034 2348,297 95,892 92,126 90./776 138,955 8,745 12,240 11,890 50,851 2,057 246 897 3l?,.642 626,372 1031,874 1073,597 2555,725 68,358 157,522 115,924 209,955 486 1,945 54o 564 485 1,695 8175,157 2111,652 1330*564 2110,195 1821,667 5274,769 25,213 6,601 4,4i4 6,891 7,796 18,824 66,217 16,972 11,233 16,148 58,952 14,111 2,140 1,429 521 1,075 1,157 1,507 8.250 12.343 5.4Q5 5.776 5.055 4,954 CAPITAL ACCOUNTS 49,705,287 2654,995 15,495,576 2991,287 4o67,552 2398,886 2494,796 8280,544 2141,239 1350,860 2139,404 1849,835 5542^915 Contingent l i a b i l i t y on b i l l s purchased 2 / 595 150 171 91 76 253 67 for foreign correspondents 1,858 164 63 117 65 46 Commitments t o make i n d u s t r i a l loans 6,104 75 3,750 210 1,057 132 288 485 107 F. R. notes outstanding 24,869,635 1475,549 5,654,302 1700,146 2196,811 1734,817 1396,968 4665,906 1178,999 646,393 964,559 662,410 2594,975 C o l l a t e r a l for F.R. notes held by F.R. Agentss Gold c e r t i f i c a t e s 15,279,000 460,000 4,770,000 550,000 735,000 625,000 575,000 2600,000 315,000 200,000 280,000 169,000 2000,000 E l i g i b l e paper 8,o4o 243 56,989 14,350 5,896 21,855 2,825 3,330 U4< U.S.Govt, s e c u r i t i e s 12,300,000 1100,000 1,000,000 1200,000 1500,000 1150,000 850,000 2100,000 950,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS A1ID SECURITIES 2 to 5 1 to 2 6 months Over 91 days t o 31 t o Within 61 t o 16 t o years 15 days 6 months years 5 years 90 days t o 1 year 60 days Total 30 days Discounts and advances 326,402 87,342 128,155 40,410 70,495 Industrial loans 975 765 15 8 7 131 2 45 U.S.Govt, securities 23,144,151 9,257,096 809,837 645,550 1,966,392 1,367,657 2,410,927 698,623 745,700 5,242,369 l / After deducting $237,796,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 2"/ After deducting $1,263,000 p a r t i c i p a t i o n s of other Federal Reserve Banks.
@FedFRASER