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BOARD OF G0V3RF0RS OF TII.3 • F3uJR^L R23I±)RVS--SYSJTECL; ( R e l e a s e d f o r P u b l i c a t i o n S a t u r d a y m o r n i n g , : November 2 o , l^kl) I"Jov§rabe£. 2 8 $ I9I1.I Hi^l C O N D I T I O N OF THE F3i>SFiaL riESSRVE. BLTcXS During the w e e k ended November 2 6 member ban}: 'reserve balances increased ..$53*000,000. Additions t o member bank reserved arose from a decrease of '$246,000,000 in Treasury deposits, with Fuclera!! Reserve Banks and increases of $8i;,000,000 in gold stock and $2,000,000 in Treasury currency, offset in. part *hy increases of #130,000, 300 in m o n e y in circulation, $33,000,000, in nonmember 1 deposits and other Federal Reserve accounts a n d £3*000.,000 in Treasury cash and a decrease of $107,000,000 in Reserve Bank credit. Excess reserves of member banks on November 2 6 were estimated t o be approximately $ 1 , 0 1 0 , 0 0 0 , 0 0 0 . Holdings of loans, discounts and advances increased £175*0"imem 30 an£ of United States Government securities 0 1 7 * 0 0 0 , 0 0 0 . The increase in holdings ..of United States Government securities reflects .a decrease of 0232,000,000 in/oills and increases' of $137,000,000 in b o n d s , $55,000,000 in n o •:.-•• s" and $ 2 8 , 000, 000 in certifibates # Changes in member ban.k roearve balances and related items durinr 'week a n d the year ended' IT ovember 2 6 , 1 9 ^ 7 , were as f o l l o w s : one I n c r e a s e or aecreas^ since Ilovombef 2.6, November I 9 , November 2 7 , I9u7 19V7 19^6 (In millions b% 3 , , Gove mine n t s e c u r i t i e s Loans , d i s c o u n t s , ; , a n d 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 22, -239 375 320 T o t a l R e s e r v e Bank Gold s t o c k ; ' Treasury currency 22, ,93k 22, .597 credit Member b a n k 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 cashT r e a s u r y d e p o s i t s w i t h P . Rf Banks Nonmember d e p o s i t s a r d ' - o t h e r F , R # a c c o u n t s of 17 175 - 299 -i,¥e - 107' 4. Ph '-"-+>• -l,i;82 +2,128 + 6 + + + 17,121 28,725 1*330 l,3.lU 1,595 dollars) + + + 91 130 .53, 150: 3 + ~ + 58 + -\ / — .d-UO + + - 990 90 9U 6i; 9 UI STATEMENT OF CONDITION OF; THE KffiJLVE FEDERAL RESERVE BaNKS COMBINED (In thousands of dollars)' H.li.l(a) a> Increase or decrease sine a iCovember 26, 19^7 November 19, 19U7 November 2 7 , 19^6 20,660,170 . 682,968 21,3U3,138 262,621 .. 370,1+91 14,721 629 . + 79,000 + 226 + 79,226 6,231 . + 171,671 * 3,279 233 •+3,130,992 97,l47U + 3,033,518 -9,571 •+- '87,7-63 + 3,660 + 629 12/669,278 7,213,1405 1,-398,-750 928,033 - 231,6^6 + 27,500 •+ 8k,750 + 136,922 -2,093,oiU 87,6Q7 + * 563,6i?o + 17J4,6J43 ASSETS Gold certificates Redemption fund for F> Rm> notes Total gold certificate- reserves Other cash Discounts and advances Industrial loans Acceptances purchased U. S. Govt, securities* Bills Certificates Notes Bonds Total U. S # Government " • ' i i ' . t 1 in n o MI > 11 I.I m<- 22,239, k 66 + 17,526 '-l,Uli?,328 *' 4 Total loans arid securities Due from foreign banks F. R, notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 22,615,307 95 . 125,712 2,611,14.22. 33,201 7Q,8ii9 5,652 .- 695,331 3l4 + 6,1+50 i+7,o62,3u5 1^29,829 + 192,213 : *l " -1V359,27^ . -7 3Mh - . + .270,298 +' . 628 + 16,820 +1957,966 L I A B I L I T I E S F e d e r a l Reserve u o t ? 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 accrueJd dividends TOTAL LIABILITIES C A P I T A L A CC 0 UNTS 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 AID CAPITAL ACC;:XJNTS i 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. n o t e -' 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 2li,635,735 + 1114,559 '17,120,791 1,313,869 1450,700 513,1477 19,1403,837 ' 2,292,519 + 53,271 20,1405' '146,352,1196 i+k, 678 1,399 - 1U9.77U - 396,565 * - 19U,5U8 1+39,823 27,1+55 p8,023 . + : l+7,062,345.; -. i|8.9> ^ ^^ 2,905 7#U67 291 + + 989,7UU 6I49/2I43 190,03+4 + ' 205,879 + l,'65l+.,832 + 1401,269 '+ ' ^32,071 + 1I4 ,+ + + : 2,256 1429,829 127 78 1W4,019 '%hhj> 1,917', 525 • • 9,507 81,1+68 27 50> 561 ,+ .1,95.7,966 J,U09 1,161 I I J u 1(b) _ STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH NOVEMBER 2 6 , 191+7 ( I n thousands of d o l l a r s ) A S S E T S Total Boston Gold c e r t i f i c a t e s 20,660,170 Redemption fund for F. R. notes 682,968 T o t a l gold c e r t i f i c a t e ^serves 21,31*3,138 782,285 o t h e r cash d i s c o u n t s 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 } 3 i Hs Certificates I oteS Bonds T o t a l U.S.Government securityes Total loans and securityss 262,621 370,1+91 U,721 629 12,669,273 7,21+3,1^5 1,398,750 928,033 Cleve. Rich. Atlanta Chicago S t . L o u i s 5,833,623 1031,1+1+8 11+03,550 1155*336 1039,776 hhoo,876 Minn. Kans.Cy. D a l l a s SanFfan* 573,81+6 501,003 86,531 1+6,820 22,921; 5,955,761+ 1091,668 li+73,661+ 1215,867 1080,51+U 1+1+87,1+07 625,666 523,927 37,761+ 15,026 17,550 20,623 - 5,925 2,695 10,755 26,273 577,036 l52l+,552 395,872 1012,132 76,1+1+6 195,1+50 50,720 129,676 667,217 392,893 75,870 50,337 32l+,082 218,780 1+2,21*8 28,030 567,365 376,661 72,735 1+8,258 519,278 1192,969 362,370 683,1+91+ 70,072 131,987 1*6,1+91 87,570 998,711 2096,020 5l+,l+06 836,691 Fhila, t22,l**l 25,186 17,657 1+2,836 113,171 60,22p 10,738 28,507 1,1+81 75,HU 22,862 3l+,!+81 16,21*1 1+1,277 1+0 - 906,329 Hl+8,378 1+90,72? 701,801+ 9^,763 135,523 62,872 89,916 693,836 1+99,637 96,1+83 61*,oil* 629 862,600 3 , 6 8 5 , 6 3 6 l+3li,l+l6 1,621*,119 93,51+1+' 513,629 62,o61t 200,085 60,529 1+0,768 21,669 19,870 3,200 7 0 7 , 9 3 3 ' U96,185 2729,307 35,710 26,276 51,529 71+3,61+3 522,1+61 2780,836 13,308 2,91*7 37,787 1+7,961+ 22,239,1*66 1502,621* ^831,1+69 155l+,69l 2075,621 1353,970 1100,071+ 2861,810 1186,317 6 l 3 , l l ; 0 1065,019 22^615,307 1520,281 5,91+5,269 i58l+,679 2110,102 1395,287 1123,11+1+ 2076,836 1206,91+0 615,835 1091,292 1001,658 211*3,901+ Due from f o r e i g n banks " * 95 r . R . n o t e s of o t h e r banks 125,712 U n c o l l e c t e d items • 2,611,1*22 cank premises 33,201 other assets ?o,sl+9 TOTAL ASSETS New York 6 3,868 220,760 1,21*5 U,786 l / 26 " *8 ' '9 19,716 5,379 6,561+ 530,750 181,727 21*6,727 8,276 3,159 5,177 15,61*7 . l+,5k96,995 5' 1+ - ll+ 11,072 13,002 16,399 236,229 155,675 391,007 2,638 1,1+87 3,0lt5 l+,3l+l+ 3,91*5 9,9l-il+ h 9,205 116,975 1,977 1+,197 3-h 7,221 7,850 61+,593 UU,G73 1,211 2,^62 2,05)4 5,571 3 i+,955 H6,ll*2 805 3,565 9 13,301 208,976 1,719 6,952 1*7,062,31*5 2612,823 12,518,272 2801,707 5*877,100 2002,903 2l*oo,27o 7822,1*16 1982,591+ 1220,769• 200J,l+ 50 1662,097 5199,06I* l/After d e d u c t i n g $69,000 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.ii.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER '26, I9I4.7 ( I n thousands of d o l l a r s ) New York Phi l a . Cleve. Rich. A t l a n t a Chicago S t . L q u i s Total Boston L I A B I L I T I E S F e d e r a l Rcoi-rve n o t e s 214,635,735 1457,474 Deposits: member b a n k - r e s e r v e a c c t . 1 7 , 1 2 0 , 7 9 1 755,185 U . S . T r e a s u r e r - g e n e r a l a c c t . 1^13,869 125,1+83 Foreign 450,700 23,697 0ther 518,1477 2,1+75 Total deposits 19,403,837 906,8^0 Deferred a v a i l a b i l i t y items 2,292,519 201,903 Other l i a b i l i t i e s i n c l u d i n g accrued d i v i d e n d s 20,1405 1,153 TOTAL LIABILITIES 4 6 , 3 5 2 , 4 9 6 2567,570 Capital paid in 11,226 194,548 S u r p l u s ( S e c t i o n 7) 4 5 9 , 8 2 5 ' 27,557 s u r p l u s ( S e c t i o n 13^) 5,012 27,455 Other c a p i t a l a c c o u n t s 48,023 5,658 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+7,062,545 2612,823 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 2,905 186 Commitments t o make i n d u s t r i a l loans 7,467 f« R. notes outstanding 25,289,864 1509,21+8 Collateral for F.R. notes held by F.R. Agents: Gold certificates 1 2 , 5 0 9 , 0 0 0 440,000 Eligible paper 270,421 15,238 U.S.Govt, securities 13,400,000 1100,000 Total Discounts and advances Industrial loans Xicceptances purchased U« S. Govt, securities 370,491 4,721 629 22,239,k66 Minn. Kans.Cy. D a l l a s SanFran.. 5,679,848 1671,739 2115,1477 1715,625 1 3 9 5 , 1 5 6 4 6 0 8 , 2 0 3 1125,019 622,621 -938,5U0 625,"il+2 2652,891 5,301,517 821+,515 12.62,155 11+2,183 172,818 230,901+ 29,905 34,356 1/199,530 450,956 2,004 5,891 6,182,,687 998,607 1)475,200 1+28,6214 - . 1 5 2 , 8 6 4 218,803 454 ,-577 58,525 9,230 849,208 50,027 12,922 841,969 2135,957 48,-915 87,5414 12,1814 52,555 787 59,-556 905,855 2295,572 107,958 185,910 768,383 100,153 18,091 2,069 888,696 211,951 741,030 25148,179 658,356 59,975 177,009 60,335 15,157 50,211 12,922 2,305 5,2275,910 818,447 2778,626 717,505 155,758 556,982 Hu.,799 __L22k 524,315 54>665 9l5',49i 122,302 1,271 6,061 865 2,970 811 868. 1,839 2,089 1,055 559 J2°JL 12,297,220 28214,1^81 3311,569 281+7,505 2370,2214 7726,781 1956,229 1202,11*0 1975,144 1637,821 5156,212 14,552 4,280 7,266 (,UOI 6,352 6,490. 68,545 8,183 18,855 25,719 18,035 20,676 18,66^ 34,720 •41,394 38,106 15,729 10,997 136,549 13,777 16,57-7 65,078 762 2,140 4,489 3,525 1,073 1,007 1,137 1,307 7,255 521 1,429 3,154 2.279 3,685 2 , 9 5 0 - _2*226_ . - 4 , 5 7 1 8,907 5,409 . - 2 , 9 1 5 12,518,272 2881,707 3877,100 »882,983 21+00,270 7822,1+16 1982,59!+ 1220,769 2001,450 1662,.897. 5199,064 2 / 930 3.02 75 102 3.52 580 +00 766 1,395 77 5,792,477 1709,770 2182,388 1782,695 1442,273 1.686,865 1167,332 636,647 3,750 962,081 235 270 142 119 395 96 255 147 660,141 2757,91+7 3,470,000 515,000 695,000 650,000 725,000 3010,000 315,000 190,000 280,000 169,000 2050,000 44,658 24,950 99,675 25,1 4 45 -— 39,425 -— -— 19,3;0Q '1,750 2,1+00,000 1200,000 1500,000 1150,000 750,000 1700,-000 950,000 450,000 700,000 500,000 1000,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 6 months 61 t o l to 2 2 to 5 Over 16 t o Within 31 t o 91 d&ys t o to I year years. 30 days 5 years 15 days 90 days 60 days 6 months years '21+ 2.5,286 1,098 318,565 25,491 29 2 1 40 4,64o 25 421+1 538 11 117,0^0 590,885 3,510,481 2,055,094 4 , 8 9 4 , 1 5 1 4,310,774 797,990 5,463,045 l / After d e d u c t i n g $251,056,000 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. 5 / After deducting $1,975,000 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.
@FedFRASER