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BOARD OF' GOVERNORS OF THE FEDERAL RESERVE SYSTEM
( R e l e a s e d f o r P u b l i c a t i o n F r i d a y m o r n i n g , November 1 5 ; n o t
earlier)
November lij., I9U6
K.U.I
CONDITION OF THE FEDERAL RESERVE BANKS
D u r i n g t h e week ended November 13 member b a n k r e s e r v e b a l a n c e s i n c r e a s e d
$ 1 9 9 , 0 0 0 , 0 0 0 * . A d d i t i o n s t o member b a n k r e s e r v e s a r o s e from i n c r e a s e s of '
$ii56,000,OpO i n R e s e r v e Bank c r e d i t and $ 1 5 , 0 0 0 , 0 0 0 i n g o l d 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 o f $ 1 6 9 , 0 0 0 , 0 0 0 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 R e s e r v e ' B a n k s ,
$ 7 7 * 0 0 0 , 0 0 0 i n nonmember d e p o s i t s and o t h e r F e d e r a l R e s e r v e a c c o u n t s , $ 1 8 , 0 0 0 , 0 0 0
i n T r e a s u r y c a s h , and $ 1 1 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n .
E x c e s s r e s e r v e s of
member b a n k s on November 1$ w e r e 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 $ 0 2 0 , 0 0 0 , 0 0 0 .
H o l d i n g s of l o a n s , d i s c o u n t s and" a d v a n c e s i n c r e a s e d ' $ 2 1 , 0 0 0 , 0 0 0 and o f
U n i t e d S t a t e s Government s e c u r i t i e s $ 1 6 9 , 0 0 0 , 0 0 0 * -The i n c r e a s e i n h o l d i n g s o f
U n i t e d 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 i n c r e a s e s of $ 1 0 8 , 0 0 0 , 0 0 0 ' i n c e r t i f i c a t e s
and $ 3 i | , 0 0 0 , 0 0 0 i n . n o t e e
' - n d a : d e c r e a s e of $ 2 3 , 0 0 0 , 0 0 0 i n b i l l s .
Changes in member bank reserve balances and related items during the week
and the year ended November 13, I9I4.6, were as follows?
Increase or decrease
since
Nov. 13,
19)46'
• Npv. 6,
Nov. I4,
' , 19U6
19U5
(In millions of dollars)
U. S«. Government securities •
•Loans, discounts and advances
Other Reserve Bank credit
23,681;
398
liS3
,+169
+ 21:
+ 268
+
+
236
200
30
Total-Reserve Bank credit
Gold stock
Tre as u r y currency
21j.,565
2Q,k20
U.5U3
+ h58
+ 15
+
+
+
67
386
26u
Member bank reserve balances
Money in circulation
Treasury cash
Treasury depositsiwith F«. R» Banks
Nonmember deposits'and other F^ R# accounts
16,259
28,761
+ 199
+ 11
+ 10
+ 169
+ 77
+
+
+
-
265
583
29
3
156
2 , 2qli
577
l,6i;3
—
^•U. 1(a)
STATEMENT OF" CONDITION
OF' THE .TiTELVE FEDERAL RESERVE BANKS COMBINED
fin thousands of dollars)
I n c r e a s e or d e c r e a s e
since
November l7j$
November 6 ,
19U6
November l l i ,
I9U6
19ll5
A S S E TS
Geld certificates
Redemption fund for F. R. notes
Total gold certificate reserves
Other cash
17,.li5li), a ? 6
779, ,718
18, , 2 3 a
M
2 6 7 , ,070
396, ,980
1,,122
D i s c o u n t s and a d v a n c e s
I n d u s t r i a l loans
+
+
a 003
57
+
3l|2, , 3 6 1
15, ,782
-
3 ,• 9U6
+
3 6 1 , -11+3
2 ,,359
+ 2 0 ,, 8 9 1
+
18
+
-
35,011+
193,1168
1,,260
J. S. Govt. s e c u r i t i e -S {
Bi l i s
C- r t i f i c a t e s
f\J"r
)tes
Bc>nds
. i a .902, ,69'u
7, ,202, ,512
825, ,100
753,
- 2 2 ,,67U
+107, ,500
+ s a, 000——
+1 ,7214,,230
* 129, ,li;9
- 1 , 1 3 5 , ,050
2 2 a ,002
Tot a,1 U. S. Governme rat
s e c• u r i t i e s
2 3 , . 6 8 3 , ,696
+168, ,826
+
2 3 6 , ,029
2 a , 0 8 1 , ,798
102
, 310
2 , .769, ,1+02
3 2 , ,618
50, ,156
+109, ,735
- . ..-
4-
3 6 , ,301
na
+ 5,,355
+ 7 0 1 , ,901
——
+ 2 ,,575
+
+
-
8'.
..9, ,652
1*6.1,,853
l , ,115
12, .057
1*5,.569, ,618
+892, ,761
•f
690,733
2U,702,295
+ 12,609
+
367,033
•16,258.513
577,215
622,269
1+22,021
+198,1914
+169,162
- UU,959
+121,896
+
17,880,038
+U1I1,293
-
261+,075
2,317
21+9,573
19,1£2
7,237
2,306,21+9
+^33,267
+ •
1431,316
111, 617
a+,903,199
+
1,038
+391,257
+'
2,671+
793,786
+
+
J
i U L/Ct
•221
l o a n s and seel;i r i t i e s
Due from f o r e i g n b a n k s
F # R# n o t e s of o t h e r b a n k s Uncollected items
Bank p r e m i s e s
Other a s s e t s •
TOTAL ASSETS
L I A B I L I T I E S
Federal-Reserve notes
Deposits*
Member bank - r e s e r v e a c c o u n t '
U.S. Treasurer - general 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
A C C O U N T S
Capital paid in
S u r p l u s ( S e c t i o n 7)
Surplus. ( S e c t i o n IJb)
Other c a p i t a l accounts
icl*,933
353,355
" 27,^3
95,703
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
R a t i o of g o l d 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 . ' n o t e
l i a b i l i t i e s combined
C o n t i n g e n t l i a b i l i t y on b i l l s
for foreign correspondents
1+5,569,613
•
55
+
+
1,^49
11,71+1
130,202
263
145,209
890,783
+892,761
+ •
-
# 5/°
+
6,0±9
+
hho
+
6,019
8,558
-
23
+
5>221
i\2%n%
* 5/°
purchased
Commitments t o make i n d u s t r i a l - l o a n s
+;
Il.v.l(b)
STiiTEIv&WV OK COI'JDITIOr; OF THE FEDERAL RESCKVE BaNKS OK NOVEMBER 1 3 ,
( I n t h o u s a n d s *of d o l l a r s )
Total
Boston
IIev; York
r , , ^ , ^
7U7,723
5,235,510
779,718
;56,177
116,121,
13,2311,luu
267,070
803,900
2o,66l
596,980
1,122
29,032
60
Phila.
.Clove.
Rich.
-Atlanta
Chicago S t . L o u i s
I9I6
Minn. K ^ r s . C y .
Dallas
SanFran.
A S S E T S
Odd c e r t i f i c a t e s
fct-.doir-ption
fund
•ro)d
5 r 7,3i5
li6f737
21,237
3l,2ii8
5,351,93k 912,298 lia7,8a2 1160,139 ioib,o3ii-33^3,01:2 6ou,(2!;
65,2^01
18,/J;6
ie,u62
19,777
17,759
31,55*;
15,801
36o,39^
5,596
621,563
16,170
hlU,9?o 2300,829
6l,oo6
76,505
6o,393 . K6,93l
127,733
25,210
107,117
certificate
reserves
^•thor cash
T:^cour:hs and a d v a n c e s
I n d u s t r i a l loans
U.S. Govt,
359,155
for
*\ *. ^ot.js
- - ~ i.. ,.,
557,3^7
851,292 1071,337 1100,0)46 .971,103 3217,3')9
132,263
—
28,150
1,062
70,297
17,671
15,961
51,015
10,/93"
3,^5
12,293
500,130 2^07,ohh
3,961
28,1-52
8,1429
17,233
securities-
1.) J_ J. i . O
Certificates
liotes
B one: s
Total loans
securi tie;
2^,081,798-lii89,087
Luc fron, f o r e i g n bunks
F.R.notes of o t h e r banks
Uncollected items
Bunk p r o v e s
Other a s s e t s
TOTAL ASSETS
102
ll!;,3i;3
.
6 , 0 0 i . , U 2 1660,758 2 2 3 6 , 9 8 9 - l U 3 , 2 o i : 1211,262 36211,091.1117,668
... 5
k,k($
l / u6
15,993
7
5,276
8
5,9^1
I
23,832
2,789,lo2
2oi,065
5^3,536
165,380
266,122
257,5^3
103,853
137,U3
137,920
76,365
32,616
50,136
1,306
3,227
6,^96
11,632
3,19^
3,268
3,895
U,958
2,702
2,996
1,533
2,762
3,06u
6,633
2 , ;I9
3,298
1,275
l,i;37
I i 5 , 5 ^ 9 , 6 l 8 2523,720 " : 12,oo*yh50 276P r 627 368h,217 2860,1,97
l/
3
H
9,331-' " l 2 , H 6 " '
2
3
8;1;97
680,815.1113,?7l
:2 "
3
U,010\ "6,U7 *
9 1 9 , U 5 ^610,993
3
3,0i;li
7
15,^22
123,893
151,296
225,251
2,532
2,1:69
801
2,1-27
I,:;01
5,029
- ^ > 5 6 7 7509,621+ 1389,890 1129,922 1 3 9 1 , 1 2 6 ^ 3 6 6 , 0 7 7
A f t e r d e d u c t i n g c56,000 p a r t i c i p a t i o n s of e t h e r Federal Raserve Banks.
52^,901
H. 14.1(c)
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 13, I9I46
( I n thousands of d o l l a r ' s )
New York
Phila.
Cleve.
Rich. A t l a n t a Chicago S t . L o u i s
Minn. Kans.Cy.
5,533,1*08 1666,962 2105,716 1788,09k 1449,894 4536,309 1099,988 586,101 914,482
L I A B I L I T I E S
Total
Boston
Fecisral Reserve n o t e s
24,702,295-li l 75,;601
Deposits:
Member b a n k - r e s e r v e a c c t . 16,258,513 737,547 5,131,611 807,200 1177,861 742,568 7^1,619
33,755
UAS.Treasurer-general a c c t ,
577,215 • 50,61+1
1+1,007
59,328
50,925
107,225
Foreign
622,289"
58,444 1 / 224,085
49,509
55,475
28,035 22,667
1,135
5,754
347,263
Other
1+22,021
1,923
6,235
2,781
Total d e p o s i t s
17,880,038 850,536 5,310,182 399,659 1298,397 S2!+,509 799,176
Deferred a v a i l a b i l i t y items 2,306,21+9 1-71*, 136
399,81*7 116,681* 218,1*21+ 2i!+,l25 166,915
Other l i a b i l i t i e s i n c l u d i n g .
accrued dividends
.' ll+ 617
1,366
1*,1*68
590
•698
67E
' 383
TOTAL LIABILITIES
"
44,905,199 21+80,521 11,797,905 271I+, 168 3622,1+05 2827,206 21+16,575
Cap! bal paid, i n
181*,955
10,903
-61*, 707
13,925
13,279
7,785
7,039
Surplus ( S e c t i o n .7)
358,355- 22,459
.116,860
28,946
33,71*5
15,593
il*,l*50
Surplus ( S e c t i o n 13b)
27,1+28
3,012
3,326
762
l*,50i
7,205
1,007
Other c a p i t a l accounts
7,087
6,537
5,71*1
95,705
8,783
6,545
19,773
2552,295
82,768
79,931
5,321*
588,158
30,588
20,281
7,1*68
420,248 790,609
21+, 211+ 26,012
19,684
lit. 912
2,21+1+
2,013
21+93,516 - 61+6,275
582,921+ 118,676
46l,.387 858,51*9
61*,500- 115,297
D a l l a s SanFran.
609,1+18 2388,322
772,593 2016,226
27,731+
1+3,218
19,088
50,180
577
1*3,306
819,9922152,950
112,987 193,731*
5I+2
1*75
1,1*00
1*52.
578
2,1+87
7420,056 1865,1*81 1112,1+1+0^866,206 151*2,872 5256,586
22,279
53,029
6,027
12,959
4,006*
8,869
6,125
11,891
1,429
12,351
527
4,916
1,073
3,534
1,137
5,067
6,784
10,670
1,307
4,444
17,071*
28,921*
2,142
10,375
TOTAL L I A B I L I T I E S AND
CAPITAL ACCOUNTS.
1+5,569,618 2523,720 12006,1+50 2768,627 3684,217 2360,1,97 2!+)+!+,567 7509,621+ 1889,890 1129,922 1891,126 1566,077 52911,901
Contingent liability on bills purchased
193
for foreign c o r r e s p o n d e n t s
2/2,001*
50Q
560
283
229
806
205
505
150
199
6,019
335
Commitments t o make i n d u s t r i a l
450
155
192
1 cans
—-1,569
1,731
39
—
382
4,o4o
8,558
F. R. notes o u t s t a n d i n g
595,496
937,106
636,759
2999,588
5,730,361
1716,512
2152,08-1
1826,130
1439,087
4607,654
1133,169
25,335,023 1505,730
C o l l a t e r a l for F. R. n o t e s
held by F. R. A g e n t s :
Gold c e r t i f i c a t e s
11,054,000 450,000 5,470,000 510,000 655,000 7 0 0 , 0 0 0 ' 595,000 2140,000 500,000 175,000 280,000 169,000 1650,000
400
8,010
—
6,330
11,770
—
'6,380
E l i g i b l e paper .,
83,54o
17,377
154,532
20,725
lit,848j,315 1100,000 2,300,600 1200,000 1550,000 1150,000 900,000 2500,000 923,315 425,000 700,000 500,000 1600,000
U.S.Govt, s e c u r i t i e s
MATURITY DISTRIBUTION OF LOANS AND SECURITIES
Total
Discounts and advances
I n d u s t r i a l loans
U.S. Govt, s e c u r i t i e s
6 -months
t o 1 year
2 to 5
years
Over
5 years
500'- '
10,610
20,098
7
7
58
4
3,689,006
320,400
1^8,350
1,402,756
6,593,361
5,414,847
l / A f t e r d e d u c t i n g $397,365,000 p a r t i c i p a t i o n s of other Federal Reserve Banks,
2 / After deducting
$h,015,000
p a r t i c i p a t i o n s of other Federal Reserve Banks
500,QUO
Within
15 dayB
3lt.l, 862
396,980
1,122
l,-oo6
23,683,696 2 ^ 9 1 , 2 7 6
"16 t o
30 days
23,910
1
5,445,660
51 t o
60 days
61 t o
90 days
9 I days .to
6 months
1 to 2
years
@FedFRASER