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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, November 22; not earlier) H.U.I November 21, 19^6 CONDITION OF TIE FEDERAL RSSE-VE BANKS D u r i n g t h e week e n d e d November '20 member bank r e s e r v e b a l a n c e s d e c r e a s e d $ l 6 l , 0 0 0 , Q P 0 . ; R e d u c t i o n s i n member bank r e s e r v e s a r o s e from a d e c r e a s e of $ 2 5 1 , 0 0 0 , 0 0 0 i n . R e s e r v e Bank c r e d i t and. an i n c r e a s e of_ $ 5 6 , 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 Banks / o f f s e t i n p a r t by an i n c r e a s e of $£jl , 0 0 0 , 0 0 0 i n gold, s t o c k and d e c r e a s e s o f $ 7 2 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n , $ 9 , 0 0 0 , 0 0 0 i n T r e a s u r y c a s h , and $ 2 5 , 0 0 0 , 0 0 0 i n nonmembor d e p o s i t s and o t h e r F e d e r a l Ro^orv-j a c c o u n t s , ' E x c e s s r e s e r v e s of member-banks on November 20 w e r e e s t i m a t e d t o be approximately $690,000,000. H o l d i n g s of T o a n s , d i s c o u n t s and a d v a n c e s d e c r e a s e d S 6 7 , 0 0 0 , 0 0 0 and of 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 2 , 0 0 0 , 0 0 0 . Ihe d e c r e a s e i n h o l d i n g s of 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 a d e c r e a s e of S233,OOOiOOO i n b i l l s and i n c r e a s e s of $ 6 1 , 0 0 0 , 0 0 0 i n c e r t i f i c a t e s and $ 1 0 , 0 0 0 , 0 0 0 i n n o t e s . 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 I t e m s - d u r i n g t h e w e e k and t h e y e a r e n d e d *Nb-venber .20',' 19k& w e r e a s f o l l o w s * . I n c r e a s e or d e c r e a s e since Nov, 1 3 , 1946 L9ko ( I n m i l l i o n s of U. S . -Govt, s e c u r i t i e s ( i n c l . g u a r , Leans d i s c o u n t s and a d v a n c e s O t h e r R e s e r v e Bank c r e d i t sec.) 23 ,522 331 i+61 2h*3ii+ T o t a l Re s e r y e 3cirik c re d i t Gold s t o c k Treasury currency 20 Mi Member bank reserve balanced Money in circulation Treasury cash Treasury deposits with F. &• Banks aenmember deposits and other, F.* R. a c counts 16 OQP °R > '',PO -' y 2 ,235 033 1 ,613 67 1, Nov, 2 1 , , L91+5 dollars), +179 -3u2 -105 -251 + kl - 17 +1+29' +251 -161 +161 •+1;91 ,5148 w - 9 - c. 6 -. 23 •226, II.il. 1(a) STATEMENT'OF CONDITION OF THE TWELVE FEDERAL RESERVE-BANKS COMBINED (In thousands' .of dollars) I n c r e a s e or decrease since November 20, I9U6 November 13, I9U6 November 2 1 , I9li5 A S S S T S Gold certificates Redemption fund for F. R, note;s Total gold certificate reserves Other cash Discounts and advances Industrial loans U. 8,Govt, securities: Bills Certificates Notes Bonds Total U, S. Government securities 17,514,427 777,545 13,291,772 ' + '60',0bl; - 2,575 + 57,623 + + + 402,367 17,619 420,436 279,724 529,470 1,112 .+ 12,654. - 67,510 10 .+ - 49,310 500,953 1,432 -232,753 + 61,000 • + 10,000 +1,330,223 -'. 276',949 -1,157,950 - 22i| ,002 It,669,936 7,265,512 .. 335',10075.3,,5 90 23,521,933 -161,753 + Total loans and securities /23,352,52a' -229,273 . - 123,048 Lao from forei'gn banks F. R. notes of otherbanks Uncollected items Bank premises Other assets 139',032 2,6.57,137, 32,607 52,352 •+ 24,731+ -152,215 -11 + 2,216 + + 17,717 610,676 1,109 12,600 1+5,30 5,346 -264,272 + 961,932 24,675,511 - 26,734 + 312,017 8 ; 102 TOTAL ASSETS L I U 179,322 I I I T I ES Federal Reserve notes Deposits: Member bank - reserve'acc'ount U.S.Treasurer - general account Foreign Other Total deposits Deferred availability items Other liabilities including 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) y. che r cani t a l a'cccunts' TOTAL LIABILITIES AND CAPITHL ACCOUNTS l a t i t f of gold c e r t i f i c a t e r e s e r v e s to 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 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 l6',097' 079 ' 633,174 596,036- 424,791 17,751,930-' 2,195,994 ;. l4,Q37 m:637,522" 134,934 353 ,355 -27,1;23 97,057 45,305,5-46- • f '161,09k -160,634 223,29i| •+ 55,959' ' 306,103 - 26,203 ; 32,533 + 2,770 • -123,103 h5,7hl + ,505,233 -110,255 51 • 43.1^; ^2,500 530 -265,677 + 1,354 -264,272- + + 11,573 130,202 + • r-^ /0 -73 ; i.i.5,603 + + •%' ?6i,932 .0% purchased loans . 6,-324 +. 305""* 3,565 + 7-' + • 6,324 + 5,605 H. l + . l ( b ) 'STATEMENT OF CONDITION OF THE FEDERAL .RESERVE BANKS ON NOVEMBER 2 0 , I9I46 In. thousands of dollars) Total Boston 17,5li.4,i+27 729,269 New York , Phila. Cleve. Rich. Atlanta Chicago" St.Louis Minn. Kans.Cy. Dallas SanFran. A S S E T S Gold c e r t i f i c a t e s 5,565,601-858,5511117,2791052,-680 9^14,298 5221,267 565,605 346,381 587,81+1 Redemption fund f o r ' F. R. notes T o t a l gold 56,0^3 115,971 18,291,772 785,512 5,481,572 ' 279,724 529,1+70 1,112 22,872 15,927 56 61+,961 78,563 —- 14,669,956 899,176 5,L.56,150 60,816 76,357 59,617 1+6,795 127,552. 146,679 21,215 34,200 612,282 567,596 622,0l4l 16,797 18,553 — 6,121; 3,720 —- 16,61+5 16,566 — 397,870 565,992 \ 25,17k 106,9146 certificate reserves ~ ' Other cash Discounts and advances I n d u s t r i a l loans U. S. Govt, Bills '777,51+5 1462,91142282,965 899.11+7 1195,616 1112,297 19,36l 25,270 1,056 17,586 47,201+ 22,851 19,306 991,093 3348,819 20,271 28,151 51,954 147,835 —- ,488,088 2589,909 9,926 13,589 50,076 14,955 securities: Certificates Notes Bonds 7,265,512 1+70,950 1,815,226 855,100 54,11+4 208,701 755,590. l+8>84-6 .138,281 981,901+ 11+14,260. 866,175 730,134 21+10,177 617,91+3 555,161+ 65,598 57,575 587,006 941,143 1+4,1+95 108,205 l+0,ll+l 97,618 1+08,1+86 218,985 564,564 547,1+94 1+6,9614 25,177.. 41,911+ 59,952 42,569 -22,71$ 37,814 56,045 620,956 1+39,961+ 71,590 50,581+ -6Li.,kQ5 45,654 1+75,106 1759,051 695,611 79,976 72,151 T o t a l U.S.Government securities" 25,521,958 ll+75,096 5,668,558 1656,0!+! 2170,991 11+02,555 1201,776 3557,11+8 1115,762 66k,7k3 1108,234 896,595 2606,789 T o t a l loans and Tecuritie? 23,852,520 1489,079 5,746,726 1682,367 2218,195 11+21,66l 1229,927 5605,051 1134,295 668,465 1124,850 910,184 2621,71+2 Due from f o r e i g n banks 102 F^R.notes of o t h e r banks 159,082 Uncollected items 2,657,187 Bank premises other assets TOTAL ASSETS 52,607 52,352 5 4,595 209,535 - l / 1+6 22,997 551,528 7 5,935 151,1+25 8 6,872 251,922 1,306 3,557 8,1+96 12,551 3,194 5,415 3,895 5,157' 1+ 5 11 26,594 ' l 2 , l l 4 ' 15,729 231,318 162,618 1+06,657 2,695 5,092 1,555 2,909- 5,064 6,967 5 3,687 130,178 2,017 5,400 2'5 4,265 8,061L 71,663' 128,594 1,275 1,511 2,532 2,51+8 5 l+,768 107,319 7 18,414 254,632 301 2,1+50 1,301 5,255 . 1+5,505,514 2516,061 11,883,1+57 2765,597 3697,051:2820,510 21+20,1+68 7418,252 1907,659 1120,899 1905,277 1525,519 5521,856 ! • / A f t e r deducting $56,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 20, 1946 (In thousands of dollars) Total Boston Nov/ York Fhila. Clove, I is B IL 24,675,5111473,157 5,537,755 1664,792 2101,030 F e d e r a l Re ;rve notes Deposits: Member b a n k - r e s e r v e a c c t . 16,097,879 7 5 4 , 6 l 6 4 , 9 3 9 , 5 3 5 795,721 1135,050 U . S . T r e a s u r e r - g e n e r a l a c c t . ' 633,174 45,663 127,650 6l,ll+4 76,710 596,086 1-7,776 55,552 37,111 1 / 212,087 Fo r e i gn 2,136 6,012 ,299 350,428 424,791 Other Total d e p o s i t s 17,751,950 320,639 5,679,700 906,827 1321,304 407,957 1^3,356 211,357 Deferred a v a i l a b i l i t y items 2,195,994 178,431; Other l i a b i l i t i e s i n c l u d i n g ^ ^ ^ ^ ^ ^ f^^ 14,037 710 4,151 344 1,357 accruGQ d i v i dCTids 44,637,522 2473,040 11,679,545 2710,319 5655,078 TOTAL LIABILITIES Capital paid in 134,984 10,903 64,723 13,954 18,234 Surplus ( S e c t i o n 7) 116,360 23,946 35,745 22,1+39 553,355 Surplus ( S e c t i o n 13b) 27,423 3,012 7,205 4,501 1,007 O , uw ( Other c a p i t a l accounts 97,057 .20,126 7,197 3,917 TOTAL LL1SILITIES AND 4 5 , 3 0 5 , 5 4 6 2516,061 11,333,457 2765,597 5697,051 CAPITAL ACCOUNTS Contingent l i a b i l i t y on b i l l s purchased 404 for foreign correspondents 6,324 Commitments t o make i n d u s t r i a l loans 3,565 — 25,554,779 1506,050 F-. R. n o t e s o u t s t a n d i n g C o l l a t e r a l f o r F . R. n o t e s h a l f by F . R. A g e n t s : ll,00l+,000 1+30,000 Gold c e r t i f i c a t e s 92,330 7,300 E l i g i b l e paper ' IL, S. Govt, s e c u r i t i e s 14,979,702 1100,000 Discounts and advancesI n d u s t r i a l loans U. S-. Govt, s e c u r i t i e s Total 329,470 1,112 23,521,938 2/2,117 J<=-J 537 Linn. Kans.Cy. Dallas SanFran. Rich. Atlanta Chicago St .Louis 1789,015 1^*48,224 4535,605 1101,911 586,301 912,630 607,139 2369,354 724,691 1+0,645 27,054 2,815 795,205 202,284 ^ 612 4l6,403 23,649 19,571 7,846 14,590 2,070 799,066 33^370 18,715 1,755 751,011 2066,508 34,906 23,75413,420 43,426 586 42,766 670,290 HO,525 ^ 521 1+61,512 55,015 ,c 555 852,884 114,908 795,771 2192,606 93,322 199,417 730,070 2299,664 35,731 87,573 605,51+4 37,529 77,155 5,764 789,008 2468,154 154,578 324,315 ^ 0 ^ 587 2,363 21,875 1,284 522 2320,510 21+20,466 7413,232 1907,659 1120,399 1905,277 1523,519 5521,336 296 240 31+5 214 3,470,000 510,000 635,000 700,000 595,000 2l4o,000 300,000 27,980 14,082 — 12,970 — — 13,950 2,400,000 1200,000 1550,000 1150,000 900,000 2500,000 954,702 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 20; 153 208 599,077 1+50 934,054 192 155 636,503 2993,694 175,000 350 425,000 280,000 12,113 700,000 169,000 1600,000 3,630 1600,000 500,000 6 months 61 t o 1 to 2 2 to 5 31 t o 91 days to t o 1 year 90, days 60 days years years 6 months 20,090 13,393 17,635 54 3 4 7 58 1 4 148,550 6,386,252 1,409,756 3,?43>oo6 320,400 2,782,742 4,866,964 l / A f t e r d e d u c t i n g $383,654,000 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/ A f t e r d e d u c t i n g $4,207,000 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. 16 t o 30 days 1,559 2787,116 2392,397 7323,/+15 1333,21+5 1103,381 1381,000 1500,254 5263,23<T 17,035 7,785 7,ol+l 22,278 6,029 ^.007 6,130 6,785 10,670 8,369 23,924 14,450 11,391 53,029 12,939 15,595 1,507 2,142 1,073 1,137 762 5,526 1,429 527 r,r>3 6,690 5,H9 10,449 5,318 3,569 4,919 4,5^'; 13,033 — 1,576 1,731 59 — 502 4,04.0 5,752,962 1703,961 2152,152 1831,066 1434,673 4615,493 114-0,034 Within 15 days 272,347 996 3,234,428 523 530 Over 5 years 530,040
@FedFRASER