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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.U.I November 3, I9I49 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 2 member bank reserve balances increased :$339>000,000* Additions to member bank reserves arose from an increase of -^583.000,000 in Reserve Bank credit, offset in part by increases of $171,000,000 in Treasury deposits with Federal Reserve Banks, $54,000,000 in money in circulation, $1^,000,000 in nonmember deposits and other Federal Reserve accounts, and $5,000,000 in Treasury cash* Excess reserves of member banks on November 2 were estimated to be approximately $1,160,000,000, Holdings of loans, discounts and advances increased $lj.73,000,000, and holdings of United States Government securities increased $130,000,000* The change in holdings of United States Government securities reflects increases of $107,000,000 in bills and $25,000,000 in certificates and a decrease of $2,000,000 in bonds. Changes in member bank reserve balances and related items during the week and the year ended November 2, I9k9 were as follows; In c r e a s e or decrease since 2, Nov. I9h9 0c t . 2 6 , I9k9 Nov. 3 , _19o8_ (In millions of dollars) U„ S» Government securities Loans, discounts and advances Other Reserve Bank credit 17,533 612 271 +130 +1+73 - 20 -5,706 + 291 + 102 Total Reserve Bank credit Gold stock Treasury currency 18,1+16 2l+,583 l+,59l +583 1 -5,313 + 576 + "l3 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R, Banks ilor.TA^rahor d e p o s i t s and o t h e r F . R, accounts 16,1+37 27,382 1,318 +339 + 5k + 5 +171 + Ik 51+5 1,909 -- -3,1+09 - 872 + 1 - 928 + mh H.lul(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) I n c r e a s e or d e c r e a s e since Oct. 26, 192i9 Nov. 2 , 192*9 ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F , R, n o t e s T o t a l gold c e r t i f i c a t e r e s e r v e s 22,767,2*31 5*49,568 ^73T^m - 7,000 -f - 3,681 3,319 Nov, 3 , !9hB + + 651,002 79,7324 571,^68 Other cash 271,128 - 7,915 17,207 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 : Bills Certificates Notes Bonds T o t a l U, S. Government securities 610,777 913 +2*72,9i40 56 + 290,709 3,902,196 5,796,900 293,100 7,536,200 +107,272 + 25,000 ... - 2,000 -1,228,393 - 32*2,919 - 5324,000 -3,600,2489 17,533,396 +130,272 -5,705,801 18,1145,086 35 111,199 2,568,631 32,972 128,757 +603,156 — - 15,897 + 12,1428 + 7 + 24,371 -5,2415,110 124 17,589 + 13,1524 + 72*9 - Uii,57ii,807 +592,831 -24,907,169 23,22i|,227 + 31,781 - 16,1*37,000 5UU,85U +339,000 +171,313 + 247,185 + 8,287 -3,h09,Ohh 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. n o t e s of other banks U n c o l l e c t e d 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: 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 accrued dividends TOTAL LIABILITIES C A P I T A L ACCOUNTS Capital 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 a c c o u n t s TOTAL LIABILITIES AND CAPITAL 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 a c c e p t a n c e s purchased for f o r e i g n c o r r e s p o n d e n t s Coirnnitments t o make i n d u s t r i a l loans 660,802 557,988 18,200,61*24 2,297,816 11,2438 H3V73TT7TS5 207,288 2466,711 27,5U3 139,1240 CUTBTlTTeoT 56»3% ii#H9 1>835 18 76,8524 889,268 + 32,2460 927,739 + 197,668 + 135,287 -24,003,828 89,02*5 - I,i4i46 +028,580 1.247U -U,983,615 + + + 7555", 78 5 113 — — - 35,862 +592,831 7,197 18,522 — + 50,727 -k,907,169 1*2% STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 2 , 191+9 ( I n thousands of d o l l a r s ) Total Boston 22,767,1+31 856,198 549,568 51,916 -.J. gold c e r t i f i c a t e reserves 23,316,999 Other cash New York Phila, CIeve. Rich. 7,237,189 1215,197 1601,144.8 1099,547 1+6,889 l+l+,87l 59,857 51,352 Atlanta Chicago S t . L o u i s 994,91+6 4427,940 1+0,361+ 83,668 908,111+ 7,28l+,078 1260,068 l66l ,285 1150,899 1035,310 1+511,608 Minn. Kans.Cy. 724,787 1+50,853 805,201. 1+3,127 22,423 3h,nk 767,914 473,276 81+0,118 D a l l a s SanFran. 657,7562696,366 27,301 1+2,906 685,057 2739,272 271,128 30,928 1+5,742 ll+,ol+9 22,538 19,1+39 20,586 35,761 13,1+1+1+ 6,95!; 11,892 ll+,H9 35,896 Discounts and advances 610,777 I n d u s t r i a l loans 915 U. S. Govt, s e c u r i t i e s ; Bills 3,902,196 15,600 — 365,934 — 8*865 781 29,1+98 1 2k,219 89 9,032 —• 112,034 — 11,561+ l+,l+28 1+2 12,367 3,413 13,823 250,509 209,208 582,274 Certificates Notes Bonds 5,796,900 298,100 7,536,200 269,205 924,781 265,809 359,901+ 210,883 126,326 188,741 168,790 345,766 399,917 20,565 519,907 1,373,807 70,61+7 1,786,001; 394,875 20,506 513,350 534,653 372,ll+3 310,790 864,996 313,276 27,1+94 19,137 15,982 44,1+82 16,110 695,072 483,802 404,038 1124,529 1+07,271 187,664 9,650 21+3,969 280,585 14,419 361+,512 250,745 12,894 325,978 513,651 26,414 667,768 567,609 81+8,055 758,1+07 1553,599 Total U.S.Government securities 17,533*396 1209,594 4,155,239 1194,340 1617,123 1125,591 940,018 2616,281 947,51+0 L Total loane and securities 18,11+5,086 1225,194 4,521,173 1203,986 1646,622 1149,899 Due from f o r e i g n banks F . R . n o t e s of o t h e r banks Uncollected items Bank premises other assets TOTAL ASSETS 55 111,199 2 4,774 l / 11 20~,500 3 4,568 3 6,570 2,568,631 52,972 209,017 1,158 457,904 7,909 164,914 2,998 225,857 4,731 128,757 8,998 29,576 8,1+01 12,581 2 12,1+1+2 949,050 2728,515 860,422 761,820 1567,422 5 16,149 1 5,579 1 6,112 1 6,0l6 1 5,851 3 li*,3?6 212,51+6 170,1+81 1+12,761 2,481+ 1,531 3,l66 149,705 1,956 78,216 1,151 ll+5,659 2,332 119,700 723 224,091 2,853 7,938 l+,0l_7 6,044 5,542 11,23? 8,158 2 8,712 959,101+ 572,079 6,818 19,665 44,574,807 2388,165 12,366,695 2658,787 3577,967 2555,61+9 2192,290 7727,1+30 1905,641 1141,786 1872,1+81+ 1592,813 4595,102 1/ After deducting $24,000 participations of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER d, iyi+? ( I n thousands of d o l l a r s ) New York Phila. Cieve. Rich. A t l a n t a Chicago S t . L o u i s Minn, Kans.Cy. 5,319,039 1589,822 2021,607 1580,775 1282,795 1+1+69,063 1077,317 609,581 913.51*1 Lli.l(c) Boston L I A B I L I T I E S Total federal Reserve notes 23,221;,227 1365,688 Deposits; Member b a n k - r e s e r v e a c c t . 16,1+37,000 685,202 5,581,737 U . S . T r e a s u r e r - g e n e r a l a c c t . 5l+l+,85l+ 1+2,71+1 100,851 Foreign 660,802 1+1,530 1/209,890 Other 557,988 i+,735 ~ 1+90,718 Total deposits 18,200,614* 771+.208 6,383,196 T>;-.yerrsd availability items 2,297,816 193,869 1+09,71+1+ Cxher l i a b i l i t i e s i n c l u d i n g 2,979 accrued d i v i d e n d s 11,1+38 67i+ TOTAL LIABILITIES 1+3,731+,125 C a p i t a l paid i n 207,288 Surplus ( S e c t i o n 7) U66,7H Surplus ( S e c t i o n 13b) 27,51+3 Other c a p i t a l a c c o u n t s 139,11+0 TOTAL LIABILITIES AND CAPITAL ACCOUNTS l4l+,57i+,807 Contingent l i a b i l i t y on a c c e p t a n c e s purchased for foreign correspondents L.,119 Commitments t o make i n d u s t r i a l loans 1,835 F.R. notes o u t s t a n d i n g 23 962 1+91+ C o l l a t e r a l for F.R. notes h e l d by F.R. AgentsGold c e r t i f i c a t e s lit,279,000 . E l i g i b l e paper 395,993 U.S. Govt, s e c u r i t i e s 10,800,000 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 Total 610,777 913 17,533,396 762,521 1157,113 1+3,583 57,891 52,736 60,61+6 1,1+01 5,1*1+1+ 670,306 25,919 32,301 6,305 860,21+1 1281,09^ 11+1,622 196,572 73l+,831 195,159 SanFran, 2365,51+7 591,739 1+0,830 23,731 6,838 663,138 131,6^0 397,615 26,ol+5 16,1+80 1,836 i+1+1,976 67,180 71+0,726 22,915 23,731 l+,ol+i 791,1+13 13l+,598 775,677 2l+,0lt2 23,072 5^ 825,383 108,207 1833,690 37,129 58,688 32,916 1962,i+23 190,838 1+87 31+1+ 1+71 399 91+3 2331+.1+39 12,1114,953 2592,350 3500,780 2511,355 2155,322 7612,0143 1872,582 1119,081 LSi+0,023 1561,1+1+1 11,539 71,013 15,006 19,355 9,171 8,11+2 26,081+ 6,838 l+,576 7,233 8,370 29,31+7 11+3,019 36,7014 1+3,968 22,1417 20,028 68,81+2 17,971+ n,797 17,008 ll+,95l+ 1,1+29 521 1,073 1,137 1,307 3,011 7,319 k,k89 1,006 3,31+9 762 9,829 30,381+ 10,238 12,860 9,357 8,036 19,032 7,726 5,259 7,083 6,71+1 1+519,751 19,963 1+0,653 2,11+0 12,595 2388,165 12,366,693 2658,787 3577,967 2555,6149 2192,290 7727,1+30 1905,61+1 111+1,786 1872,1+81+ 1592,813 1+595,102 21+5 11+26,022 1+1+0,000 10,150 1100,000 665 1,507 590 6U9.5U5 2591,129 31+.1+18 88,1+90 27,027 90,970 579 2,583 711,569 2773,172 160,1*51 367,936 Dallas 629,1+52 507 1,872 11+0 97 ll+O 136 31+6 908 831+ 15 — 8 « 5,1+70,997 1631,933 2105,981 1626,728 1333,158 1+558,708 1108,270 — 620,557 — 938,558 ~ 660,657 70 21+80,925 2/1,1+59 311 358 191 159 537 [+,670,000 750,000 1000,000 650,000 675,000 3020,000 1+00,000 210,000 280,000 18U.000 2000,000 1,91+5 — 19,980 ~ -8,1+50 2,265 9,253 — 6,125 .337,825 1,000,000 1000,000 1150,000 1000,000 700,000 1600,000 800,000 1+50,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Over 61 to 91 days to 6 months 1 to 2 31 t o 16 t o 2 to 5 Within 5 years 30 days 60 days 90 days 6 months to 1 year years years 15 days 521,326 il+,iol+ 11,250 526 63,566 ll+,10l+ 76 758 -3 6 38 32 5,1+1+6,000 915,875 596,517 2 , 3 5 2 , 1 0 1 1,011+,503 l~,-055,loo 1+,327,200 1,826,100 l/ After deducting $1+50,893,000 participations of other Federal Reserve Banks. 2"/ After deducting $2,660,000 participations of other Federal Reserve Banks,
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