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BOARD OF GOVERNORS OP' THE FEDERAL RESERVE .SYSTEM
(Released for P u b l i c a t i o n Saturday morning, November JOj; not e a r l i e r )
E.h.l
November 29, 19)46
CONDITION OF THE ^FEDERAL RESERVE BANKS
During the-week eroded November 2f] member-bank r e s e r v e b a l a n c e s i n c r e a s e d
$33*000,000, A d d i t i o n s t o member bank r e s e r v e s arose from i n c r e a s e s of $102,000,000
i n Reserve Bank c r e d i t and 88,000,000 i n gold s t o c k , and d e c r e a s e s of $ll|,000,000
i n t r e a s u r y cash, and $6?,000, : 000 i n nonmember d e p o s i t s and other Federal Reserve
a c c o u n t s , o f f s e t i n ' p a r t by Increases^ of $126,000,000 i n money i n c i r c u l a t i o n and
•^32,000,600 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 Reserve Banks, Excess r e s e r v e s of
jnember banks on November 27 were e s t i m a t e d to be a p p r o x i m a t e l y $710,000,000*
H o l d i n g s ' o f l o a n s , d i s c o u n t s and advances decreased $1^7,000,000 while
holdings of United S t a t e s Government s e c u r i t i e s i n c r e a s e d $160,000,000« 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 ^>tat;esk 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
$ 9 2 , 0 0 0 , 0 0 0 ' i n b i l l 3 and $68,000,000 i n c e r t i f i c a 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 items during t h e
week and the year ended ^November 27, I9I4.6, wore as ' f e l l o w s :
i n c r e a s e or decrease
s i no o
Nov, 27,
I9/46
Hov, 20,
I9I+6
Nov, 2 8 ,
* lyl3
( I n m i l l i o n s 'of d o l l a r s )
U# S, Governm.ent s e c u r i t i e s
Loans,- d i s c o u n t s and advancesOther Reserve Bank c r e d i t
' •
2 3 , 682
28u
ll50
160
T o t a l Reserve Bank c r e d i t
G^ld s i tock
T r e:.... s •. i ry ' c u r r e nc y
2U,Ul6
C-'U9
102
6
Member bank reserve balances
iconey in circulation
Treasury.cash
.
, .
Treasury' deposits with F. R. Banks
Nonmember deposits and other 1F.R*accounts
16,
131
16,131
28,
815
28,815
2 2,271
, 271
665 ;
1*551
1,7
411
/
U69
5U8
~
+
+
33
33
126
126
- - .111.
.llj2
+
*>2
+
3
67
"*
++
+
-
36
510
<¥
mm
+
+
3US
U3Q
251
* 130
+ 646'
+
2
+ 108
- ^85
^4
.1(a)
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
( I n t h o u s a n d s of d o l l a r s )
Increase or decrease
since
•November 2 7 ,
November 20,.
November 2 8 *
A S S E T S
Gold certificates
Redemption fund for F. R. notes
Total gold certificate reserves
17,529,178
730,00
Other cash
Discounts and advances
Inda s t ri a1 Ioans
U. S # Govt, securities*
bills
Certificates
Bonds
T o t a l U. 3 . QOYQ rnment
securities
+
Ui0,613
19., 717
lit, 751
3,097
+
18,309,620
272,192
262,720
1,061
4-
.17,803
+
7,532
U6.1U2.
51
+
11-, 762,292
7,331,012
835,100
753,390
4-
9^»;>5o
67,500
+i; ,793,977
327,9u9
- 1 . ,2o6,.U50
22i|,002
25,651,79^
4-
159,856
+
4-
113,063
-
....
+
+
T o t a l loans and s e c u r i t i e s
Due from foreign banks
F.E. notes of other banks
Uncollected items
.oanx premise3
Other assets
+
4-
102
.129,156
9 7J.T T - l .
^ j y u 1 ) 4t~4
-
4-
—
—
9,926
- 516,34 5*
-
5u
4-
038,330
3 7,-3a 6
508,683
1,360
-
-
-
35,576
u70u72
8
000
-
450,974
1,110
13,930
+
hh1,557
+
U59. 15U
1,677
TOTAL ASSETS
-201,2it9* ,
L 1 A. 3*1 L I T I & S
F e d e r a l Reserve notes
Deposits*
Member b a n k - r e s e r v e a c c o u n t
U,S,Treasurer - general account
Foreign
Other"
Total deposits
2a,,779, 754
16, .131, OO?
6 6 0 626
64O, 730
.312, 0 9 8
17, 0 0 9 . ,005
1:O 9 0
Deferred ---vailability items
Other l i a b i l i t i e s i n c l u d i n g accrued
dividends
To?,,L LIABILITIES
a ^ P I T
AL
lit,,c02
4-
10U, 21x5
4-
~
4*
+
3 3 , 168
c;
3 1 , 11 2
4< ~ r A , 0 66*
- 112, • 193
3,.207*
50J4,0 0 t
4-
875
ioo 833*
hh,031;, • 971
129, ,918
107, O90
23ii,,625
163 $0 2 3
- ' U20, ,661
+ 3 2 0 ,562
4-
2 , ,674
4-
345, O09
4-
A C C O U N T S
C a p i t a l paid i n
Surplus ( s e c t i o n 7)
Sur p l u s ( Se c t i on l;5b)
ether c a p i t a l accounts
185, ( 0ul
358,555
27, , 4^-0
, 0--'-+
——
_.—
+
+
1, 8527
-
1 0 ,578
130, 202
263
46, 0 9 5
+
UU1,557
57
+
TOTAL LIABILITIES AND CAPITAL, ACCOUNTS U 5 , 1 0 U , 3 7 9
Ratio of '-'old certificate reserves
to deposit and F. R, note
liabilities'combined
h3»\%
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 , p u r c h a s e d
for f o r e i g n corresp:ondents
,.6*3 lU
-
10
•*• 6 , $ l U
Comirdtments, t o moke i n d u s t r i a l l o a n s
+
65
+
0,623
•November 2 0 f i g u r e s
- 201 5 2L>9*
—
revised.
H$>
5*371
rU^Kh)
SIAIEOiENT OF CQLTDITI01J OF THE FEDERAL R23E17E BANKS OM NOVEMBER 2 7 ,
I9I46
(In thousands of dollars)
Total.
Boston
lew York
Phila,
Oleve.
Rich. Atlanta
Chicago St.Louis
Minn. Kans.Cy.
Dallas San.Fran«
S S E TS
Gold c e r t i f i c a t e s
R e d e m p t i o n fund £or
p„ ^ . x.ou^^
Total ^old
reserves
17,529,178
753,766
5,200,2^6
/ou,u4^ „ 2b,22^
I c O , :>ob
ou,oo,
/D,d-vjl
9 6 6 , 9 4 6 3235,30Q
?b,di;o
40,606
5A5,8^
,Q),p
?76,9ii3
? 1 Mi*
31;, 167
632,2c£
36o,29l
xLl,li0
17,cl6
13,133
5,966
5,220
17,391
10,323
1^/,3OO
7,U,
li8li,5S3 2 3 1 1 , 7 1 7
25,133
106,793
certificate
13,309,620
Other cash
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
U# S # Govt*, s e c u r i t i e s :
B i l l s
Certificates
^°tes
i5onds
809,71U
272,192
202,728
l,06l
22,3219,
12,0/7
' 00
lii,762,292
7,331,012
886,14a
1375,638
835,100 '5u,131
753,3y0" i;8,880 '
U. S # Government
'23,681,792 1264,823
s-euntie!
T o t a l l o a n s and
L
icuri"
23,965,583-iu77/895
Due from f o r e i g n b a n k s
102
5
5,092
F . R . n o t e s of o t h e r b a n k s 1 2 9 , 1 5 6
Jncollected items
2,3]4l,12i,
176,ii30
Bank p r o m i s e s
32,573,
1,301
Other a s s e t s
511,029:
3,503
1 v j.nL>
8 3 3 J 35 1 1 1 0 , 5 2 2 1 0 6 8 , o i . 1
-CXK>0iiD
5,^0,83u
A
?-o,
899,103 1136,7^3 1126,337 1015,632 3^12,63:
20,72'3
19,351
'"'• •
OJ.O
3,'*M:-,7 : :o
1, ^ 1 , : -6
oo;\3L-10
"
,172
19,736
;•':;. '^*- i : - l 7 , H 7
'-\3I3
iO/A.-OO
^5,6)5
'6-4,221
n.j,
J.J.->
'5,59;
"/ v 0
;;9
71,22}
f
31,66 ;
722,518 2326,080
398,577
929,353
M
5A, - 3
- '•
:1P:
A^.P
hxi,eoi
676,233
367,860
5 0 9 , 7 1 6 21.18,510
10,671
11,089
28,622
17,173
1,32,132 1732,05U1
550,14664
702,3u5
39,923
36,017
80,007
72,178
26,91^
i+2,32 6
57, r 0a
3 , 3 5 7 , 2 1 5 1 6 3 2 , 9 0 3 2150,1.62 l 2 o 6 , 1 7 i 1 1 9 9 , 7 5 5 3l;82,027 1 1 1 0 , 0 ? !
679,386 1123,801
908,536 2636,58^
5,925,83a
6 8 6 , 6 0 6 1134,02I4
919,625 2653,757
404 1 3 -
0 /,
OJ
-2
1 6 7 2 , 0 2 4 2215,6141 1 2 2 5 , 9 2 7 1 2 1 9 , 1 0 6 3 5 1 1 , 9 3 0 1 1 2 5 , 2 1 ! ;
l / 1*6
17,256
u7U,207
7
4,913
134,093
8
5,812
223,155
4
27,623
209,7u!i
3
13,u00
131,826
11
Hi,257
I;06,30l
3
9,^9
119,798
> 2
U,lir3
56,u2l
3
6,263
113,-993
3
4,615
-90,359
7
.16,271
2 0 2 , IVQ Q
8,496
12,906
3,182
3,156
3,886
5,012
2,.693
3,300
1,529
2,965
3,071
6,923
2,oi!i
3,952
1,275
1,571
2,532
2,573
eoo
2,i;85
1,79k
5,383
U5,loa379 2ii98,266 11,813,383 2736,031: 3660,5^3 2819,863 2i{05,269 7386,797 1910,083 1120,275 1867,839 1538,27a 5327,li+3
l/
After deducting $56,000 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 R e s e r v e B a n k s .
H.l+..l(c)
£>TATEMMT^ OF CONDITIO! OF THE FEDERAL RESERVE BAI'.KS OF'NOVEMBER 2 7 , 1946
( I n thousands of d o l l a r s )
L I A B I L I T I E S
Total
:Bostem
New;York
Phila.
Federal Reserve n o t e s
2l+,779,751+ 114-83^006 5,61+2,619 1681,276
Deposits:
...ember b a n k - r e s e r v e a c c t . 16,151,01+7 721,193 1+,998*953 786,678
U . S . T r e a s u r e r - g e n e r a l a c c t . 661+,62o
l+2,937>
li+6,055
1+5,1+7U
Foreign
61+0,7514
1+0,181+ 1/2 2l: ,1+55
51,766
5,259
235,1435
2,81+7
other
512,598
Total deposits
17,71+9,005 307,574 5,60l+,396 386,765
Deferred a v a i l a b i l i t y items 1*391,250' 165,81+5
552,91+7 U2,1A?3
Othir l i a b i l i t i e s including
accrued dividends
lit,962
762
.. L.,li+8
876
J
TOLA LIABILITIES'
1+1+,1+5!+,9 7JL .21+55,187 n, 60i+,6l0 2681,595
Capital P ;.id in
135,01+1
10,901+
* 6i+,728
13,936
Surplus (Section 7)
'358,355
22,1+39
116,860
28,91L6
Surplus ( S e c t i o n 13b)
27,1+23
3,012
7,205
1(1,501
Other c a p i t a l accounts
• 98,531;
6,721+
20,1+30
7,506
TOT.J, LIABILITIES OJD
CAPITAL ..CCOUNTS
i+5,10l+,579 21+93,266
Contingent l i a b i l i t y on b i l l s p u r c h a s e d
for foreign correspondents
6,3ll+
1+0,'+
Commitments t o make i n d u s t r i a l
'
3,623
loans
F. R. notes outstanuing
25,3b3,0l6 1509,216
C o l l a t e r a l f o r F . R. notes
•"••
held by F. R. a g e n t s :
Gold c e r t i f i c a t e s
11,Oil;,000 1+50,0.00
E l i g i b l e paper
' 36,970
is,370
U. S. Govt, s e c u r i t i e s
ll+,97l+,050 1100,000
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
r
Total
232,723
1,061
25,631,791+
Gleve.
Rich.
Atlanta
ehjeago S t . L o u i s
2108,531 1793,672 ll+l+l+,699 1+51+8,033 llOlj.,636
1178,207
7U,1+51
58,00^
5,6l/+
1316,275
172,599
736,957 7 ^ 2 , l 6 l 2.283,921+ 608,295
5^,522
1+0,269
78,560
1+3,272
29,515
23,700
83,571+
21,205
2,071
5,227
5,279
7,362
822,863 309,357~2l+5^337 -630,131,
l69,l60_ 122,1+20 239,907 100,275
1,1+37
657
65I+
2,1+2+7
5ll+
~3593jJ\2 2786,352 2377,110 7777729 1335,559
18,235
7,805
7,01+5
22,293
6,031+
33.71+5
1.5,595
lit,1+50
53,029
12,939
1,007
3,526
7-2
1,1+2?
07
9,061,.
6,792
5,90 2
15,517
5,029
Minn. Kans.Cy.
586,756
912,li+3
Dallas SanFran.
607,395 2867,183
1+17,911 792,532 776,852 2082,379
33,573
31 ,1+75
27,207
l;-6,835
15,592
20,582
19,953
52,1+01+
2,193
1,465
892
1+2,951
1.169,2.71;, 8 ^ 0 5 2 " 32l„909 2221+,569
1+5,761+ 10l+,7l+8
32,o66 175^21+1
*
,
9±1
582
573
1,1+10
1102,7050867725 15l!+,9l+8 5263,i+09
6,736
17,085
l;-,007,.
6,133
3,369
11,891
10,670
23,921+
1,073
1,137
1,307
2,U ( 2
3,o21
5,205
1;,565
10,535
11,315,885 2756,031+ 5660,51+5 2319,363 21+05,269 7536,797 1910,038 1120,275 13?-7,3'39 153-3,271+ 5327,ll+3
2/2,103
52l+
537
297'
2'1;0
31+6
215
—
1,621+
l,7l.'6
59
332
li.OLO
5,757,203 1723,632 215l+,125 1830,261+ il+3o,i7l+ 11620,598 111,5,973
158
597,515
203
202
530
1+50
155
192
955,907 656,027 2933,772
5,1+70,000 520 ; ,000 655,000 700,000 595,000 2ll;0,000 5'00,000 l'75',0O0 230,000 "169,000
56,223
T .927
—15720"
—10,550
1,350
5,775
—
2,1+00,000 1200/003 1550,000 1150,000 900,000 250C./GOO 91+9,050 2 ^ 5 , 0 0 0 . 700,000 500,000
MATURITY DISTRIBUTION1 OF IAOFS AND SECURITIES
Within
16 t o
51 t o
61 t o
91 days t o
6 months
1 to 2
2 to 5
15 days
50 days
60 days
90 days
6 months
to 1 y e a r
years
years
156,250
21,133
3,225
17,0*35
100,000
' . 9.1+7
56
2
7
h
7
5k
v .,. U
5,38!+,225
2,331,259
1+,913,999
6,511+,759
1,1+11,756
3,772,006
320,1+00
11+3,350
l/ After deducting 01+15,999 ,°00.participations of other Federal Reserve Banks.
2/ .After deducting
SU,211,000 participations of other Federal Reserve Banks.
^
lo00,000
5,650
lo00',000
Over
5 years
--580,ol+0
@FedFRASER