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Form F, R. 203 STATEMENT FOR THE PRESS Released fo r p u b lica tio n Saturday morning, Nov. 25} not e a r lie r . Board o f Governors o f the Federal Reserve System November 2jj., 1944 CONDITION -_F!THE FEDERAL RESERVE BANKS During the week ended November 22 member bank reserve balances increased $162, 000, 000. Additions to member bank reserves arose from increases o f $534, 000,000 in Reserve Bank cre d it and $3, 000,000 in Treasury currency, o ffs e t in part by increases o f $164,000,000 in money in circu la tio n , $132, 000,000 in Treasury deposits with Federal- Reserve Banks and $79, 000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves o f member banks on November 22 were estimated to be approximately $1,100,000,000. Holdings o f loans, discounts and advances increased$115, 000,000 and ofUnited States Government secu rities $470, 000, 000. The increase in holdings o f United States Government secu rities resulted from increases o f $405, 000,000 in b i l l s , $63,000,000 in c e r t ific a te s and $2,000,000 in notes. Changes in member bank reserve balances and related.item s during the week and the year ended November 22, 1944, were as follow s: Increase or.decrease 'since Nov. 22, 1944 Nov. 15, 1944 Nov. 24, I9k3 (In m illions o f d ollars) U* S. Govt, s e c u r i t i e s ( in çl* guar# se e .) Loans, discounts* and advances Oth^r Reserve Bank c r e d it 18,1*11 Ubo 450 + 470 + 115 51 + 8,047 + 420 + 81 Total Reserve Bank c r e d it Gold stock Treasury currency 19,341 20,693 4,117 + 534 «■ 1 + 3 + 8,549 - 1,388 + 16 Member bank reserve balances Money in c ir c u la t io n Treasury cash Treasury deposits with F#Rf Banks Komnembcr deposits and other F*R* accounts 14,719 24,881 2,339 251 1,962 + 162 ♦ 164 + l + 132 + 79 ♦ 2,317 + 5,155 + 44 228 110 F ora F. k. 203c T otal L Î A B I L I T I E S F e d e r a l R eserve n o te s 2 1 , 255,147 D ep o sits: Member b a ç k - r e s e r v e a c c t . 14,719.156 U .S. T r e a s u r e r - g e n e r a l a c c t . 250,855 F o r e ig n li,26k,526 Other 502,836 Total deposits 16,557,155 Deferred a v a ila b ilit y items 1 , 432,906 Other l i a b i l i t i e s including accrued dividends 11,407 TOTAL LIABILITIES Capital paid in Surplus (S ection 7) Surplus (S ection 13b) Other ca p ita l accounts STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS- ON- NOVEMBER 22, I9I1U (I n thousands o f d o lla r s ) Minn. K ans.C y. Boston New York P h ila . Cl e v e . R ic h . A t l a n t a Chicago S t .L o u i s 1342, 305''4,724,451 1397,168 1858,132 1456,642 1237, 9^9 5904,779 906,858 469,950 776,1*64 ** ^ 2 , 9 4 1 4 , 864,756 752,240 1144,551 614,536 605,936 2181,764 555,012 527,498 679,554 12,106 34,029 6,216 2 o ,546 65,198 10*985 14,772 21,354 24,725 8,624 86,802 1/488,704 111,941 108,291 55,286 48,670 58,956 150,877 57,719 26,769 18,025 4,461 165,609. 11,836 15,099 15,344 5,524 3,053 5,551 4,055 796,510 5,580,21*7 119,655 275,551 1,045 867,002 1302,015 83,216 168,428 689,276 116,918 1,263 648 2,977 894 669,757 2375,389 86,240 222,969 582 600,602 566,944 725,889 51,488 86,116 67,005 1,301 579 558 489 D a lla s San Fran. 531,649 2648,820 615,955 1726,875 24,160 10,11*0 55,286 95,045 5,950 54,555 665,289 1900,455 59,555 166,187 468 1,005 59,286,615 2259,295 10,585,026 2348,280 5529,858 2265,484 1994,528 6504,458 1574,822 868,740 1586,958 1256,761 .4 716,445 160,821 10„002 15,462 5,172 5,054 53,654 5',784 19,214 5,085 5,485 12 ,17 1 16,515 6,445 70, 012 15,206 5,669 16,026 188,097 5,256 6,550 4,554 4,851 26,490 5,725 14,159 17,859 2,129 7,092 1,000 5,290 26,965 4,421 550 1,507 2,874 1,007 1,157 1,429 749 4.240 6.808 6, 692. 25,276 5,980 4,227 4,875. • 101,551 4,585 5,715 14,877 6,719 11,559 TOTAL LIABILITIES AND c a p i t a l accounts Commitments to make in du strial loans F.R* notes outstanding C olla teral fo r F..R.notes held by F.R.Agents: Gold c e r t ific a t e s E lig ib le paper U.S.Govt* securities- Discounts and advances Industrial loans U.S.Govt* se cu ritie s ( i n c l . guar, s e c .) 59,764,027 2291, 09010,744,060 2389,450 5574,725 2285,147 2012,766 6566,448 4,466 275 » - 50 2,535 575 - • - 1590,99k 881,475 1602,696 1272,175 4755,005 976 55 - 2 1, 851,752 1574,667 4,870*597 1426,260 1899,163 1486,469 1289,217 3968,745 940,050 478,143 1 1 , 250,000 409,577 10,783,122 425,000 205,000 310,000 249,000 1774,000 17,725 18,700 8,890 583,122 275,000 500,000 345,000 1100,000 575.000 2 , 470,000 577,000 850,000 41,975 308,130 11,957 - 810.000 2, 300, 000.^850,000 1050,000 615,000 2,200 875,000 600,000 2600,000 - - 700,000 1400,000 MATURITY DISTRIBUTIÛÎJ OF L0,».FS LND SECURITIES 6 months 9 I days to 31 to 61 to 16 to to 1 year 6 months 90 days 60 days 30 days Total Within 15 days 473,663 6,742 429,545 6,396 22,150 143 8,4k0 51 18,410,524 3,015,268 1,856,070 3,882,472 l / A fte r deducting $773,855,000 13,528 4 35 23 4, 190,357 1, 672,621 1, 956,140 798,321 1 to 2 years 59 2 to 5 years 56k,66k 2755,436 Over 5 years 31 92,200 888,602 856, 79k p a r tic ip a tio n s o f other Federal Reserve- Banks, Form F. R. 283a Released fo r p u b lica tio n Saturday morning, -November 25*19UU; not e a r lie r . STATEMENT OF .GADDITION OF THE T57ELVE FEDERAL RESElRVE BANKS COMBINE!) (In thousands o f d olla rs) Increase or decrease since , N.ov^ 15, -1944 Nov. 22,. 19UU Nov. 24, 19U3 ASSETS Gold c e r t ific a te s on^hand and due from U* S, Treasury Redemption fund - F# R, notes Other cash Total reserves Discounts and advances. Industrial loans U* S. Govt, securities* B ills C ertifica tes Notes Bonds Total U, S, Govt, secu rities ( in c l » 1guar. s d c .) : Total loans and secu rities Due from foreign banks F. R#notes o f other bonks Uncollected items * Bank premises Other assets TOT.iL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits* Member bank-re serve, accountU*S#Tr easu re r - gene ra1 p,c coun t Foreign Other Total deposits D e ferred 'a v a ila b ility items Other l i a b i l i t i e s including accrued dividends TOT^L LIABILITIES CA P I T A L ACCOUNTS Capital paid in Surplus (S ection 7) Surplus (S ection 13b) Other capital accounts TOTAL LIABILITIES *ED Ca ?IT aL ACCOUNTS Ratio o f tota l reserves to deposit and F.R* note l i a b i l i t i e s combined , Commitments to make industrial loans 7,962,865 565,310 239,735 18,767,910 -1,821,350 + 434,904 70,414 - 1, 456,860 -17,200 + 5,689 - 2,152 473,663 6,742 -13,663 +116,239 - 1,246 12,085,737 3,967,990 1,113,371 1,243,426 +405,073 + 62,500 + 2/000 - +5,828,030 +2,124,440 + 419.971 - 325,792 18,410,524 +469 , 573 +3,046,649 19, 890,929 +584,566 +8,467,768 136 77,784 1,933,266 34,370 59,632 - + 426,053 4,934 - - - 10,250 3H,323 3,979 3,487 + 2,866 -4 53 ,-314 19 . + 893. + + 39,764,027 +121,329 +7,325,015 21, 255,147 +151,063 +5,123,765 14,719,156 250,835 1,264,326 303,836 16,537,153 1,482,906 +161,739 +131,467' + 19,590 + 59,272 +372, 068' -403,022 +2,317,239 - 228,374 - 134,078 37,978 +1 , 916,809 + 229,933 11,407 39,286,613 + 161 ‘ +.120,270 3 ,H 7 +7,273,629 160,821 .188,097 •26,965 101,531 39,764,027 + + 10,317 + 27,686 + 136 + 13,247 +7,325,015 - k9,7%4,466 52 - - + . 1,007+121,329 - ,1% . 11 - 16. lfo 5,366 Form F. R. 283b STATEMENT QF CONDITION.OF THE: FEDERAL RESERVE BANKS ON NOVEMBER 2 2 , 1914+ (in thousands o f d o lla r s ) ASSETS Total Boston New York' P h ila.. Cleve« Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Gold c e r t ific a t e s on hand and due from U. S. Treasury 17, 962,865 Redemption fund^FiIt.notes ! 565 ,310 Other cash 239,735 905,673 14, 660,090 959,575 131+7,711 906,590 1+0,1.102 12l+,0l*2 1*3 ,ol+8 -52,501+ 1*6 , 85c 1/4 ,082 ’ I8,7c6 59,521+ 18,11*3 19,903 892,685 3517,931 71,51+8 35,301 23,266 18,370 721,316 351,027 32,9ol li+,08l 12,681* k,525 629,973 25,91+5 13,71:2 511,952 2553,31+2 61,101 17 ,1+21 22,395 9,335 Total reserves 18,767,910 961+,2l8 1+73,663 '.6,71+2 1+1,975 20l* 91+6,356 3617, 71+5 52,600 i+,903 ---23 766,981 369.633 17,72c 18,700 669,660 8,890 25 533,708 2641,838 120 303 ---2,828 12,085,737 3,967,990 1,113,371 1 , 21*3 ,1+26 850 ,102 177,738 1*9,886 55,713 Discounts and advances Industrial loans U. S# Govt, s e c u r itie s t B ills C e rtifica tes Notes Bonds 81*3,656 1021,389 U+20,198 303,130 6,160 11,957 86 323 3 ,H 5 967,523 893 ,651+ 1351,527 212 ,1+28 2^1,258 5 9 , 601* 6L, 387 72,1*67 66,567 866,572 181*,803 51,353 57,910 2,969,75!: 1,362,1*50 382,287 !•26, 91+3 2,200 138 71k , 560 ii+3 ,010 bo ,127 Ub, 011+ ---- ---- 12611,937 1*35,1+06 31*3,81*5 812,059 175,71+1 61). ,1+37 227,855 1+9,311 18,030 25k ,1+71 55,071 20,192 625 ,877 l*9l+,721 l27l+,782 120,387 101,750 381,879 33,780 28,550 107,151 37,726. 31,385 119,667 Total U. S* Govt, se cu ritie s ( i n c l. guar, s e c.) 18,1*10, 521+ 1133,1+89 5 ,'ll*l ,1*31* 1232,253 1720,139 1161,138 9l+2,5H 2559,322 715,529 ki+6,55k 817,770 656,906 1833,1+79 Total loans and se cu ritie s 5 ,1+1*9 ,650 121*7,325 1726,622 1163,1*76 9l+7,1*3 7 ’ 2611,922 733,25b £+65, 25!+ ' 326,685 657,209 1886,1*27 18,890,929 1175,668 Due from foreig n banks 136 10 1/1+9 F* R# notes o f other banks 7 7 ,78!+ 2,118 11**863 un collected items 1,933,266 lbb,b2b '1+09,032 Bank premises 3i‘ ,370 1,619 • 8,93k Other assets 59^32 •17,876 3,033 TOTAL ASSETS 12 . 2,371 111,761 . 3^ 80 3,11-2 12 b , 520 2ll+,o75 It,110 l+,588 6 1+ 17 6,630 7,292 9,795 il+i ,766 107,509 313,01+9 2,890 2 , 859. 1,617 2 ,882 '2 ,5 5 1 ' 11,030 1+ 3 6,782 2,916 78,866 l+l ,085 1,256 2,055 1,328 3,052 39,76k ,027 2291,090 10, 7U+,060 2389,1+50 337I+,725 2285, i!l7 2012,766 6566,1*1+8 1590,99b 6811+75 l / A.fter deducting $87,000, p a r tic ip a tio n s o f other Federal Reserve Banks. 1+ b , 310 97,171 2,673 2,193' b 3 ,561; 69,91+5 917 1,826 11 12,623 203,983 l , 96ö 6,161 1602,696 1272,173 1+753,003