The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDBRAfc RESERVE SYSTEM (Released for P u b l i c a t i o n . F r i d a y morning,' November 7,^9^-7) H.lul November 6, I9U7 CONDITIOE OF THE FEDERAL RESERVE BANKS During t h e wee£ .ended November lj 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 $229,000,000, A d d i t i o n s t o member bank 'reserves, a r o s e from d e c r e a s e s . o f i O ^ q . 0 0 0 , 0 0 0 i n Treasury, d e p o s i t s with F e d e r a l Reserve Banks, 01k,000,000 in Treasury c a s h , and $12,000,000 i n nonmember d e p o s i t s and o t h e r F e d e r a l Reserve accounts and an i n c r e a s e of $14.2,000,000 i n gold s t o c k , o f f s e t i n p a r t by an i n c r e a s e of $116,000,000' in. money i n - c i r c u l a t i o n and a d e c r e a s e of $1^9,000,000' in Reserve Bank c r e d i t . Excess r e s e r v e s of member banks on November 5 were e s t i m a t e d t o be approximately $ 1 , 0 1 0 , 0 0 0 , 0 0 0 . Holdings of l o a n s , d i s c o u n t s and advances d e c r e a s e d $169,000,000 and,of United S t a t e s Governmetrt: s e o u r i t i e s $10,000,000, The d e c r e a s e i n holdings of United 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 an i n c r e a s e of $127,000,000 i n notes and.'decreases of $118,000,000 i n b i l l s and $19,000,000 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 d u r i n g the week a&d t h e year ended November 5, 19)4.7 > wore as follows 1 I n c r e a s e or d e c r e a s e since November 5> 19^7 October. £9, 19U7 November 6, 19^6 (In million? of dollars) U % S. %Gqyernntent securities. Loans, discounts 'and advancesOther Reserve Bank credit 22,119 . 206 515 - 10 - 169 -+ 30 - 1,396 - •.•".; 1 7 1 Total lie serve Bank credit Gold Stock Treasury currency 22,61:0 22/536 - 1U9 - 1,1*6? + 1,931 U,5% J|2 1 Member bank reserve balances Money in -circulation Treasury cash Treasury deposits with F, R;- Banks Nonmember deposits and other F#R,accounts 17,088 £•8,635 l,5£U 926 1,55b + 229 +• 116 - lit -1*29 '•" - 12 + + + 100 3 + 1,028 115 952 + 518 12 STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) H.U.l(a) Increase or decrease since November 5, I9k7 October 29, 191*7 November 6 191*6 A S S E T S Gold certificates Redemption fund for F. R. 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 securities 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 o t h e r banks U n c o l l e c t e d items Bank premises Other a s s e t s TOTAL ASSETS 20,1*12,670 ' '679,j66 21,092,236 259,037 203,61+6 ' 1,917 1,369 +2,951*, 21*1 - 100,095 +2,851*, 11*6 + 1*7,856 10,892 - 7,631* - 172,1*1*3 -169,1*11 + 61* • + 813 1*1*1 + 1,369 13,50l+,28l+ 7,047,805 ' ' 859,300 707,690 -118,000 - 19,161 +126,900 -1,1*21,081* 1*7,207 + 118,200 •- 1+5,700 22,119,079 - 10,261 -1,395,791 22,326,011 95 120,31*1 2,502,1*27 33,208 58,323 -180,01*9 - 11,158 -111,111 - - -31* + 2,158 -1,566,052 7 - + 11,31*8 + l*li*, 926 + . 590 + 10,762 1*6,391,678 -259,972 +1,711*, 821 21*, 51+3,376 + 90,852 - .17/087,565 926,397 1+70,896 1*51,503 '18,936,361 •2,188,712 +228,516 -1*28,185 + 20,606 - 11* ,808 -193,871 -11*1,706 +1,027,21*6 + 518,31*1* - 196,352 + 151,378 +1,500,616 + 315,730 19,693 1*5,688,11*2 - 1,606 -21*6,331 + 6,161* +1,676,200 193,852 1*39,823 27,1+55 . 1*2,1*06 1*6,391,670 + + 8,971* + 81,1*68 + 27 51,81*8 +l,7ll*,821 + 50,000 * 2,11*1* L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member bank - 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 a c c r u e d dividends TOTAL LIABILITIES CAP I I a ACCOUNT S Capital paid in 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 AND CAPITAL ACCOUNTS R a t i o of g o l d 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 b i l l s purchased for foreign correspondents Commitments t o make i n d u s t r i a l l o a n s - 11*6,310 i 22 - 13,663 -259,972 1*8. % 3,021* 7,227 5.2f0 5 135 2,51+9 1,351+ H.lul(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OK NOVEMBER 5 , I947 ( I n thousands of d o l l a r s ) * ASSETS Total- Boston New York Gold c e r t i f i c a t e s 20,412,670 751,392 Redemption fund f o r F. R. notes 679,566 54,621; T o t a l gold c e r t i f i c a t e 2 1 , 0 9 2 , 2 3 6 806,016 ri_serves Other c a s h 259,037 27,101 d i s c o u n t s and advances 203,646 16,314 I n d u s t r i a l loans 1,917 Acceptances purchased 1,369 U. S, Govt, s e c u r i t i e s Bill5 .13,504,284 9 1 2 , 2 8 5 Certificates 7,047,805 468,959 Notes :859,300 57,170 BondS 707,690 » 47,090 5,73u,979 Phila, Cleve, Rich, Atlanta Chicago S t . L o u i s 488,815 86,806 46,90s 22,967 5,853,114 1 0 4 1 , 4 9 1 1 3 7 6 , 7 1 6 1217,482 1107,290 4378,833 42,082 11,779 22,180 15,202 21,679 38,719 59,878 22,197 35,170 9,112 9,120 11,876 1,333 34 1,369 — 680,025 14,721 6,'*33 5H,782 6,285 8,595 765,335- 533,960 2820,192 9,573 11,335 38,381 14,548 2,947 7,456 347,774 214,299 26,128 21,518 608,090 556,566 1276,662 369,014-357,596 660,447 4,4,992 43,600 80,525 37,054 55,907 66,318 3,887,-275 1,566,-772 191,02.7 157,521; 59,587 74,456 9 6 8 , 8 8 1 1229,116 471,876 683,007 57,533 83,276 47,382 68,585 61,757 746,703 1490,567 59,812 49,259 140,980 621,473 1640,614 708,840 386,307 993,21*5 385,718 47,100 • 121,100 47,029.. 58,790 99,734" ,38,731 729,561 D a l l a s SanFran, 633,H7 118,135 981,904 1302,280 1155,745 1066,310 4292,027 Minn, Kans.Cy. 508,121 2768,419 35,774 • 25,839 51,773 Total U.S.Government securities 22^119,079 1485,512 '• " 5,802,398 1545,672 2063,932 1346,346 1093,670 2854,691 1180,318- 609,719 1059,150 993,669 2083,952 T o t a l loans and securitiei^ 5,363,645 1569,752 2099,152 1355,492 1102;790 2866,567 1186,751, 618,311+ 1073,698 996,6162091,408 ... . 22,326,011 1501,826 Due from f o r e i g n banks 95. ' ' 6 F.R. n o t e s of o t h e r - b a n k s 120,341.' -5,408 Uncollected items 2 , 5 0 2 , 4 2 7 207,719 Bank premises 33,208. 1,250 Other a s s e t s 58,323 • 3,9o8" TOTAL ASSETS l/26" -.6 l5,61;0 3,952 405,088 183,006 0,276 3,137 11,807 3,496 9 -. 5 '6,745 11,907 229,867 226,270 5,176 2,61*1 5,871- -• -3,888 4U+ k 10,364' "'l6,4-13' 6,829' 166,021* iU6,&31 124,663 1,490 3,052 1,979 3,260 8,026 3,504 3 9,632 75,537 1,211* 1,677 '' 4 -,7,453 136,083 '2,1*62 2,886 3 3,725 104,904 805 3,055 9 21,273 224,635 1,726 6,905 46,391,678. '25,53,291. 1 2 , 2 0 1 , 4 j 0 2816,621 3 7 u 5 , 7 l 6 2032,887 21*12,901 7728,455 2018,476 1224,444 1998,294 1654,333 5204,729 l / A f t e r 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 . R e s e r v e Banks, H.U.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON-NOVEMBER 5 , 19)47 ( I n thousands of d o l l a r s ) New York Phila. Cleve. R i c h , A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. 6 a , 6 6 0 92+2,51*0 5,630,826 1650,331; 2106,867 1735,899 11*05.880 2*592,62+7 1129,617 L I A B I L I T I E S Total Boston D a l l a s SanFran. 22*, 52*3,376 l2*2*o,oii+ F e d e r a l Reserve n o t e s 629,057 2658,055 Deposits: Member b a n k - r e s e r v e a c c t . 1 7 , 0 0 7 , 5 6 5 776,897 5,221,295 823,111* 1255,831 72+5,32+1 758,575 2560,019 688,115 2+57, Olo 85U,506 01*2,1*56 2125,328 U . S . T r e a s u r e r - g e n e r a l a c c t , 926,397 70,626 199,515 75,2+81 65,105 81,1*80 1*0,551 108,1*50 kof075 51,615 59,788 1*6,151 81,581* 27,12*8 1 / 185,052 Foreign, 1470,896 51*. 271 39,3U8 20,752 ll*,809 10,578 ll*,809 15,962 57,518 17,32*7 57,5^2 1*51,503 5,525 580,366 Other 1,025 2,862 1,668 72+0 57,758 2,1*55 9,125 2,655 2,593 6,755 Total deposits 18,936,561 886,19!* 5,98l*,206 9 5 5 , 5 2 1 1567,U09 850,206 8 1 7 , 2 9 6 2 7 2 8 , 8 5 5 71+9,752 522,596 910,771 905,289 2280,1*68 Deferred a v a i l a b i l i t y items 2,188,712 180,936 361,669 172,861 2o2*,2*80 96,1*55 200,91+9 210,551 159,185 509,911* 112,279 61,211 118,262 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 5,656 1,298 2,11*5 81*1 1,701 19,695 1,155 52+6 803 1,002 838 2,81+9 881 TOTAL LIABILITIES ~~ 1*5,688,11*2 2508,299 11,982,557 2759,81!* 5680,899 2797,638 2385,199 7651+.265 1992,529 1206,015 1972,376 1629,622 511+1,153 Capital paid in 195,852 11,235 68,552 11*. 319 18,821* 8,179 7.1+56 23,168 6,51+2+ 1+.275 6,1+85 7,256 18,001 Surplus(Section 7) 1*59.825 27,557 156,51+9 3l+,720 1*1,591+ 20,676 18,665 65,078 16,577 10,997 15,729 15,777 38.106 Surplus(Section 13b) 27,1+55 5,012 7,253 l*,i*89 1,007 3,525 762 1,1*29 521 1,073 1,137 1,307 2,l!+0 Other capital accounts 1*2,1*06 3,193 7,007 3,279 3,592 3,069 2,621 1*,517 2,505 2 , 0 8 6 , 2,567 2,1*1*1 5,329 : TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*6,391,678 2553,29!* 12,201,1+78 2816,621 372+5,716 2832,887 21*12,901 7728,1*55 2018,1*76 1221*, 1*2+2* 1998,29!* 1652*,385 5202+.729 Contingent l i a b i l i t y on b i l l s purchased 2/968 21*5 281 12+8 121* 1*11 106 106 3,021; I93 for foreign correspondents 76 266 100 Commitments t o make i n d u s t r i a l loans 7,227 850 1,595 77 i+oo 28 580 3,750 11*7 F. R. n o t e s o u t s t a n d i n g 25,211*, 130 11*98,550 5,761,065 1695,579 2168,180 1778,857 11+2*8,106 1+679,171+ 1168,512 652+,255 963,710 65l+,2+29 2765,155 C o l l a t e r a l f or F . R. n o t e s held by F.R. Agentst 169,000 2100,000 Gold c e r t i f i c a t e s 12,559,000 1*1*0,000 3,1*70,000 515,000 695,000 650,000 725,000 3010,000 315,000 190,000 280,000 15.225 E l i g i b l e paper 2+.130 1+6,882 19,135 7,260 ^5 , H 0 7 , 6 5 0 117,287 15,895 U.S.Govt, s e c u r i t i e s 15,1*00,000 1100,000 2,1*00,000 1200,000 1500,000 1150,000 750,000 1700,000 950,000 2*50,000 700,000 500,000 1000,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 6 months 1 to 2 2 to 5 Over 61 t o Within 16 t o 9 1 days' t o 51 t o t o 1 y e a r y e a r s y e a r s 5 years Total 90 days 15 days 50 days 60 days 6 months _ _ Discounts and advances 21,2+61 203,61*6 20,687 5 150,1*1*7 11,055 Industrial loans 111 26 298 52+ 36 - 1,367 1,917 25 Acceptances purchased 606 372 *591 1,369 U. S. Govt, securities 255,150 5,351,2+68 662,890 2+, 650,993 1+27,52+0 2,1*81,985 5,106,771 22,119,079 3,182,282 l / A f t e r d e d u c t i n g $287,708,000 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 $ 2 , 0 5 6 , 0 0 0 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