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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM November 18, 19/4-8 (For Immediate Release) H.U.1 CONDITION OF THE FEDERAL RESERVE BANKS Durihg the week ended November 17 member bank reserve balances increased $6,000,OOO* Additions to member bank reserves resulted from decreases of $122,000,000 in money in circulation and $11,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $13,000,000 in gold stock, offset in part by a decrease of $95*000,000 in Reserve Bank credit and increases of $38,000,000 in Treasury deposits with Federal Reserve Banks and $7,000,000 in Treasury cash# Excess reserves of member banks on November 17 were estimated to be approximately $880,000,000* Holdings of loans, discounts and advances decreased $14**000,000, while United States Government securities decreased $2ll*,000,000# The decrease in holdings of United States Government securities reflects decreases of $25,000,000 in notes, $36,000,000 in bills, $67,000,000 in bonds, and $86,000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year ended November 17, I9U8, were as followst Increase or decrease since November 17, 19U8 Noveraiber 10, 19U8 November 19 19U7 ' ( I n millions of dollars) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 22,930 283 621 Total Reserve Bank credit Gold stock Treasury currency 23,83k 2^,110 ^,579 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with FfR#Banks Nonmember deposits and other F#R#accounts 19,953 28,215 l,32ii 1,591 2 Hi hk + 708 + 83 + 2 + 16U + 95 13 • 793 +1,597 + 27 6 122 7 38 11 +2,885 - 380 3 + 31 - 117 + + + H.lul(a) STATEMENT OF CONDITION OF THE TFJELVE FEDERAL RESERVE BANKS COLIBINED (In thousands of dollars) Increase or decrease since Nov. 17, I9h8 ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans Acceptances purchased U. S# Govt, securities: Bills Certificates Note s 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# notes of o t h e r banks Uncollected 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 notes Deposits - j Uember b a n k - r o 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 d e p o s i t s 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 CAP I T A L ACCOU NT S 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 p i t a l accounts TOTAL LIABILITIES AND CAPITA 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 Contingent l i a b i l i t y on b i l l s purchased for f o r e i g n c o r r e s p o n d e n t s Commitments t o make i n d u s t r i a l loans Nov. 10, I9U8 Nov. 19, 19^7 +1,6314,258 22,215,1428 + 19,999 627,21+9 - 3,05U 22,81*2,677 + 16, & 5 260,700 + 9,765 282,153 -l+U,2l+9 — 973 - 55,193 +1,578,765 8,152 + 83,333 I+69 862 ... 6,033,819 798,200 11,156,309 -35,800 -7,959,1+80 -86,000 -1,182,086 -25,14 00 - 515,800 - 67,179 +10,365,198 22,929,772 -2lli,379 + 707.832 23,212,898 1+9 136,385 3,733,910 32,236 217,31+1+ ^258,628 + — " + 8,822 + +9^8,775 + + 13 + 5,220 + 789T83IT U6 5,021 1+26,657 999 152,9!+5 50,1+36,199 +730,912 2l|,089,86l - 91,781+ - i+, 91+1,1+1+1+ 19,952,523 1,590,887 1+71,726 1+28,980 22,1+1+1+, 116 3,113,089 + 5,31+3 + 37,731 + 37,331+ - 1+8,897 + 31,511 +785,058 12,1+18 361 1+9,659,1+81+ +72171+21+ + 2,9l+l+,o25 1+31,315 + 2,885,003 + 30,691+ + 65,701+ 90,896 +2,390,505 + l+2l+,005 8,278 +2,87i+,9l7 5,562 200,121+ 8 + 8,366 1+1+8,189 88 27,51+3 6,1+80 + 55,092 100,859 50,1+36,199 +730,912 +2,9l+l+, 025 1+9. $ 1,858 6,101+ ,1% 1,171+ 1,1+1+1 H.li.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESEHVE BANKS ON NOVEMBER 17, I9I+8 ( I n thousands of d o l l a r s ) A S S E T S Total Boston 22,215,1+28 807,931 627,21+9 52,588 22,81+2,677 260,700 860,519 25,591 Discounts and advances 282,155 I n d u s t r i a l loans 975 U. SL. Govt, s e c u r i t i e s : Bills k,9kl,kkk 17,308 — 79,1+59 -_ 330,375 l,l8l+,870 Gold c e r t i f i c a t e s New York Phila. Cleve. Rich, Atlanta Chicago S t . L o u i s 7,008,306 1050,5k5 11+56,1+92 1021,559 1079,839 1+376,055 Minn. Kans.Cy. D a l l a s SahFran. 665,855 tk86,825 8k5,5ko 627,51+2 2855,365 Redemption fund f o r F.R. notes T o t a l gold 57,75k 58,259 73,209 57,886 l+k,956 10l+,256 1+5,082 25,255 56,560 7,o66,ol+o 1088,582 1509,701 1079,1+1+5 H21+,795 1*1+80,289 708,917 5lo»o6o 59,565 12,2ol+ 18,865 17,252 22,561 58,167 17,61+8 13.997 879,700 11,567 26,882 1+6,81+2 certificate reserves Other cash Certificates Notes Bonds 6,053,819 798,200 11,156,509 k05»6l7 l,kk6,801 53,658 191,39k 7k9,972 2,675,062 65l+,U21+2880,205 15,1+15 30,1+90 21,797 935 27,626 ... 13.71k 38 17,165 — 32,616 — 15,35k —- 6,025 — 16,168 —- 8,137 26,781+ 552,967 k75,756 520,917 21+7,750 709,681 252,205 151,252 250,526 225,9k! k65,kk6 k50,996 578,k62 57,015 76,52k 796,895 1069,555 591,861 51,838 72k,535 502,k9k 857,555 333,lk6 18k,689 281,21+2 275,1+1*6 5k7,752 kk,071 22+.1+52 57,205 56,17k 72,k58 k 0 , 0 l 6 115, k l 5 559,299 1,585,178 615,973 5kl,k8k 520,007 505,593 1012,736 T o t a l U.S.Government securities 22,929,772 1539,620 5,k9S,lk7 1637,873 2198,277 Ik89,l51 llk9,539 5265,607 I2k5,595 701,857 1068,780 1059,15k 2096,572 23,212,898 1556,928 5,577,606 l66o,6o5 2225,903 1502,903 1166,70k 3298,225 I260,7k9 T o t a l loans and securities Due from f o r e i g n banks ^9 F . R . n o t e s of o t h e r banks 136,585 Uncollected items 707,882 108k,9k8 lok7,29l 2125,156 5 5,115 l / 16 T8,029 k 7,28k k 7,2k0 2 20,313 2 11,369 7 15,255 2 8,086 1 11,82k 2 8,767 2 7,810 1+ 15,293 509,718 3,735,910 507,818 716,707 25o,8k7 39*,k92 313,976 223,51k 588,k20 165,977 97,758 I90,lkk 177,559 Bank premises 52,256 1,19k 8,065 5,06k k,798 2,571 1,586 5,025 l,9k9 1,182 2,592 761 1,651 Other assets 217,52+1+ 15,518 51,515 lk,997 2l,ook 15,952 10,879 30,658 12,16k 6,599 10,152 9,936 19,972 TOTAL ASSETS 50,k36,199 2772,k86 I3,k77,539 5057,587 kl79>005 2950,59k 256l,kl0 8k5k,Okk 2175,1+92 I5k9,305 2l87,k72 1911,178 5580,k89 l / A f t e r d e d u c t i n g $53,000 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. H.l*.l(c) L I A B I L I T I E S Total Boston 21*, 089, 861 11*11,502 F e d e r a l Reserve n o t e s Deposits: Member bank r e s e r v e a c c t . 1 9 , 9 5 2 , 5 2 3 877,351 U . S . T r e a s u r e r - g e n e r a l a c c t . 1 , 5 9 0 , 8 8 7 137,1*66 Foreign 2*71,726 29,158 Other 1*28,980 1*, 857 Total deposits 22,14*l*,ii6 101*8,772 Deferred a v a i l a b i l i t y items 5 , 115,089 261,860 Other l i a b i l i t i e s i n c l u d i n g 12,1*18 accrued d i v i d e n d s 715 TOTAL LIABILITIES l*9,659,u8l* 2722,81*7 C a p i t a l paid i n 200,121* 11,31*0 S u r p l u s ( S e c t i o n 7) 1*1*8,189 28,117 Surpltzs ( S e c t i o n 13b) 27,51*3 3,011 Other c a p i t a l a c c o u n t s 100,859 7,171 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,1*56,199 2772,1*86 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 1,858 117 Commitments t o make i n d u s t r i a l loans 6,10i* 75 F . R. n o t e s o u t s t a n d i n g 21*,828,171* 11*68,288 C o l l a t e r a l f o r F.R. n o t e s held b y F . R . A g e n t s : 1*60,000 Gold c e r t i f i c a t e s 13,279,000 E l i g i b l e paper 3l*,878 2,750 U.S.Govt, s e c u r i t i e s 12,500,000 1100,000 Total Discounts and advances 282,153 I n d u s t r i a l loans 973 U.S.Govt, s e c u r i t i e s 22,929,772 Within 15 days STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 17, 19^8 ( I n thousands of d o l l a r s ) New York Phila. Cleve. R i c h . A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. 5,1*93,755 161*6,151* 2125,835 1677,21*6 1337,7691*575,097 1135,857 655,659 957,765 950,208 11*75,11*7 125,71*3 H*9,561* 37,1*62 1*2,550 1,515 6,1*11 839,290 93,227 22,663 2,171* 835,680 3065,062* 121*, 885 161*, 852 18,962 62,900 618 2,610 731,526 102,560 16,650 6,563 1*98,766 101,578 11,563 1,321 7,175,1*72 l l l l * , 9 2 8 1675,672 570,859 215,601 506,1*50 957,551* 275,070 980,li*5 3295,1*26 209,1*1*5 1*77,1*71* 857,099 l5l*,H*2 615,228 lo61*,785 1106,722 2558,515 81,1*08 I5l*,998 H*6,396 261,1*08 6,399,627 250,760 1/157,185 "365,900 939,521* 108,807 16,188 266 D a l l a s SanFran. 629,o62* 21*90,200 98l*,l6l 2 5 5 6 , 1 9 9 106,558 121*. 887 15,725 1*0,71*0 278 36,687 607 535 1,980 51*8 512 51*8 1,207 3,329 779 1,325 535 15,21*1,1*15 2975,1*62 1*107,262 2910,277 2527,892 831*7,977 211*5,615 1328,623 2158,058 1882,730 5311,528 68,975 li*,6J*2 19,011* 8,531* 7,81*7 25,255 6,602 U.U19 6,895 7,797 18,821* 13^,596 55,350 1*2,175 21,210 19,110 66,217 16,972 11,255 16,11*8 ll*,iil 58,952 7,319 hM9 1,006 5,51*9 762 1,1*29 521 1,075 1,157 1,307 2,11*0 21,031* 7,61*1* 9,550 7,021* 5,799 13,186 5,78i* 3,955 5,231* 5,233 9,21*5 13,1*77,359 5057,587 1*179,005 2950,59a 2561,1*10 8l*5l*,0l*l* 2175,1*92 131*9,305 2187,1*72 1911,178 5580,1*89 2/595 150 171 91 76 255 67 1*6 65 210 1,057 152 238 1*85 — 5,62*7,145 1693,238 2195,778 1725,369 1391,579 1*661*,831 H7l*,556 — 61*6,060 5,750 9c2*,70S 65 161* — 107 659,236 2599,116 2*,770,ooo 550,000 735,000 625,000 575,000 2600,000 315,000 200,000 28o,ooo 169,000 2000,000 5,31*0 5,080 1,895 7,055 21*8 8,080 6,1*50 1,000,000 1200,000 1500,000 1150,000 850,000 2100,000 950,000 1*50,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 1 to 2 2 to 5 Over 31 t o 9 1 days t o 6 months 61 t o 16 t o years 6 months t o 1 year 60 days 30 days 90 days years 5 7* 73,357 97,566 60,610 50.620 780 35 86 2 2 1*5 15 8 1,299,621 996,691 2,21*8,800 706,132 736,200 5,165,869 620,150 1,963,917 l / A f t e r d e d u c t i n g $5ll*, 500,000 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. 2~/After d e d u c t i n g $1,263,000 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. 9,192,392
@FedFRASER