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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(Released for P u b l i c a t i o n F r i d a y morning, November 8; not e a r l i e r )
H # l| ? l
November 7, 19^6
CONDITION OF THE FEDERAL RESERVE BANKS
During the week ended November 6 member bank r e s e r v e b a l a n c e s decreased
$51,000,000* Reductions i n member bank r e s e r v e s arose from an i n c r e a s e of
$162,000,000 i n money i n c i r c u l a t i o n , o f f s e t i n p a r t by i n c r e a s e s of $6,000,000
i n Reserve Bank c r e d i t and $6,000,000 i n gold stock and by d e c r e a s e s of $ 9 , 0 0 0 , 0 0 0 '
i n Treasury c a s h , $5^,000,000 i n T r e a s u r y d e p o s i t s with Federal Reserve Banks, and
$35>000,000 i n nonmember d e p o s i t s and other F e d e r a l Reserve a c c o u n t s . Excess
r e s e r v e s of member banks on November 6 were e s t i m a t e d t o be a p p r o x i m a t e l y
$720,000,000.
Holdings of l o a n s , d i s c o u n t s and advances i n c r e a s e d $138,000,000, while
holdings of United States.'Government s e c u r i t i e s decreased $93,000,000* The dec r e a s e i n h o l d i n g s 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 d e c r e a s e s of •
$357,000,000 i n c e r t i f i c a t e s and $2,000,000 in bonds, and i n c r e a s e s of $215,000,000
i n b i l l s and $51,000,000 i n n o 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 the week
and the year ended November 6, I9I46, were as f o l l o w s :
I n c r e a s e or decrease
since
Nov. 6,
J9U6
Oct. 30*
191*6,
Nov. 7
19U5
(In millions of dollars)
U. S. ..Government securities
Loans, discounts arid 'advances
Other Reserve Bank credit
23,515
377
215
+
-
93
138 •
Total Reserve Bank credit
Gold stock
Treasury currency
2k, 107
+
+
6
Member bank reserve balances
Money in circulation
Treasury cash
Treasury deposits with F* R. Banks
Nonmember deposits and other F* R* accounts
16,060
28,750
2,276
2o,Uo5
Uos
O
-.«.-.
I4,5i48
1,566
ko
_
+
-
51
162
9
5h
35
:
•
+
-
ii39'
133
75
'+
+
+
230
370
263,
+
+
+
+
-
323
613
8
1U7
228
H.Ll(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
November 6 ,
" ' 19.1*6
'October 30,
19U6
November 7 ,
191*5
A S S E'T S
Gold c e r t i f i c a t e s
R e d e m p t i o n fund f o r F.R.
notes
T o t a l gold c e r t i f i c a t e : .reserves
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 *
Bills
Certificates
Notes
Bonds
T o t a l U , S . Government
securities
T - t & l l o a n s and
securities
DM3 from f o r e i g n b a n k s
F, Ic. n o t e s of o t h e r b a n k s
Uncollected items
Bank p r e m i s e s '
Other a s s e t s
TOTAL ASSETS
17,li58,l|29
779,661
18,238,090
8,001
l,&3
+
+
+
269,929
376,089
. 1,101;
+ 9/5U*
- 19,832
+138,502
+
2o
111. 92 5,368
7,095,012
71*1,100
753,590
+215,083
-356,989
+ 51,000
1,900
+2 ,058,127
196,6U9
- 1 ,179,050
221;, 002
23,51^,870
- 92,806
+
1*58,1*26
25,692,063
102
•108/993
2,087,501
32,618
1*7,561
+ 1+5,716
+
+
- 16,0U6
-11*7,207
29
- 2,180
+
+
505,1*0.6
8
2,102
51*9,79l*
1,100
15,859
Ui/676,857
-130,02];
+1 , 0I16,038
2U,689,686
+119,696
+
16,060,319'
1*08,053
667,22*5
300,125
- 50,999
- 5l|,ll46
- 20,737
- 17,662
-11*3,51*1*
-107,301*
+;
+
+
-i
207
+
-131,359
+
25
+
+
+
+
.+
10
3l+U,8&i
19,956
36!*, 82o
38,863
131,795
" -1,227
+
L I A B I L I T I E S
Federal Reserve n o t e s
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
17,1*35,71*5.
Deferred a v a i l a b i l i t y items
1,672,962
Other l i a b i l i t i e s i n c l u d i n g accrued
dividends
.13,529.
TOTAL LIABILITIES
' i0t,oii,9U2
C A P I T A L
A C C O U N T S
Capital paid in
S u r p l u s ( S e c t i o n 7)
S u r p l u s ( S e c t i o n 13b)
Other c a p i t a l accounts
18k,878
353,355"
27,1*23
9U,25ii
TOTAL LIABILITIES AND CAPITAL ACCOUNTS ^ 6 7 6 , 8 5 7
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
h3*~5%
Contingent l i a b i l i t y
on b i l l s purchased
for foreign correspondents
" '
5*573
Commitments t o make i n d u s t r i a l loans8,581
+
1,3.10
'130,021^
393,873
322,991
11*6,583
21*6,671*
96,225
+'. 12.6,675
1*25,51*1*
,
2,1*1*1
91*8,533
11,781
130,202
263
1*1*, 71*1
+1, Olj. 6,038
, L'/O
+
l,l*9l*
6h
5,575
5,261
H,-l+.l{b)
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 6, I9I+6
( I n thousands of d o l l a r s )
Total
Boston
New York
17,1+58,1+29 769,561
5,110,653
Phila,
Cleve.
Rich.
Atlanta
Chicago S t . L o u i s
Minn. - Kans.Cy.
Dallas San.Fran.
ASSETS
Gold c e r t i f i c a t e s
829,700 1120,1+21 1110,769
9&+,1+1+3 3209,9^2
586,600
3U3,2.59
Redemption fund for
•
F. R. notes
779,661
-56,375
117,167
reserves
18,238,090
Other cash
269,929
Discounts and advances
576,089
825,931+
22,090
12,81+3
5,227,81+0
63,139
123,1*30
T o t a l gold
60,305
75,789
61,720
1+5,167
128,066
1+6,322
890,0051196,2101172,1+891009,6105338,008
19, 2 06
18,263
2o,808
18,996
32,396
21,1+91 57,128
l6,57li
2l+,09i+
55,979
635,1*22
15,058
19,579
583,%21 1+78,667 2350,993
.
21,267
5^312 - 25,278
107,575
certificate
I n d u s t r i a l loans
U. S. Govt, s e c u r i t i e s . }
m i s
.
Certificates
l,10l*
60
1,01+1+
,
—
—
561+,526 617,733 :'505,9>*5 21+58,368
6,678
15,31*6
8,1+02
29,567
7,1*20
15,310
8,922
15,319
—-
—
—-
H*,925,368 89l+,ol+3 3,656,181 968,99k 1398,138 87l+,366 725,957 21+58,01+1 616,700 1+03,877 687,590 1+86,530 1755-151
7,095,0-12 1+58,711 1,775,188 5l*o,3ll 603,797 1*29,098 378,129 9l9,li7k 1+00,651 2il+,52lt 356J+61+ 31*0,1+1*3 678 1+22
185,1*25
56,1+37
63,069 'l*i+,82l
59,1*97 96,ol+5 1+1,81+9 22,587
57-2^5
55,^60
70-.865
71*1,100 1+7,911*
753,590- • 1*8,709
186,500
5 7 , 3 7 3 . 61|,H5' : ; 1*5,5&* 1+0,152' '97,636 1+2,51+3 22,758
37,852
36.150
7?,'->->8
Notes
Bonds
Total U. 5 . Government
securities"
23,5il+,870 11+1*9,377
T o t a l loans and
-
securities
23,892,063 H+62,280
Due from f o r e i g n banks
IQ2
F.R.notes of other banks 108,993
Uncollected items
2,087,501
Bank premises
Other assets
TOTAL
ASSETS
5,805,291+ 1623,115 2129,119 1393,81*9 1183,735 3571,191* H0l,7l*3
'
.5
5,899
ll+9,8l*l
663,31*6 1119,11a
698,1*83 2576,1+7!+
670,766 1.131*, 1*51
907,1*052589,793
"
2
5,9 8,72I+ 161+5,650 2186,21+7 11+10,1+23 1207,829 3627,173 112:1,322
l/
1+6
7
8
1+
3
11
T3,7i*2
i+,263
6,193
31+2,1+91+ 139,61*0 2oo,2l+l+
23,170
200,627
9,ol+6
11+5,823
;
3
2
3
3
7
11,070
330,295
'6,672
101,535
1+,551
65,11+1
6,687
107,562
5.71*2
86,582
13.978
217.717
32,613
l,30o
8,1+96
3,191*
3,895
2,702
1,533
3,0&+
2,019
1,275
2,532
301
1,801
1+7,561
5,011
10,633
3,071
U,7S5
2,717
2,697
6,61+9
5,169
1,367
2,521
2,267
l*,87i+
1+1+,676,857 21+70,366 11,595,111+ 2705,036 3615,81+5 2832,9U0 2395,537 751*8,666 1885,180 llll+,286 1886,635.1513,11*7 5316,105
"l/
Afte'r 'de'ducting $56,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks,
:
E.li,l(c)
( i n thousands of d o l l a r s )
L I u B I L .. T I B S
Total
Bo'ston
Hew York
• Phila,
r&ch.
Atlanta
Chicago S t , Louis
J'.Ann. Kans.Cy.
Da 11 us SanPran.
2li,689,68.6 A7A505 5,538,55:8 1660,557 2097,638 1783,008 14-50,31+1 1+533,343 1099,229 53)4,61L9 9A,2l+3 615,168
De-posits;
' " .•••
'
" Leiuber b a n k - r e s e r v e o.cct. l6 5 060,3L9 74A813 4 , 9 6 8 , 0 6 5 7 0 7 , 2 3 6 1 1 8 0 , 5 3 0 729,551 7 2 8 , 2 1 1 2 2 7 2 , 5 1 0 601,159 1;20,1+53 799,851 74-5,713
4 , ^ . T r e a s u r e r - r a e n e r a l a c c t . ho3 ; :053. 51,551 * . 9 0 , 7 9 6
19,Ii22.
51,482
30,323
2L,092
oi+,967
23,723
22,197
23,705
19,173
667, A 3 •• A , A ?
1/239,265
55,209
59,619
30,130
2^,3-61
35,90ii
21,796- 16,027 "2'i,l=
20,514
4, / " c A
9 7,Cr
8,AA)1
,251+
979
3OA125
3..7A
221
J 9 w A,-'
2,57/4
1,011
Total deposits
17,135.745 326,731 5,519,500 372,221:,. 1278,237 793,073 778,475 A27,0l+4 660,1214. is.61,035 34-7,965 7 8 6 , 2 M
Deferred a v a i l a b i l i t y i t s m s 1 ^ 7 2 , 9 3 2 123,512
2 7 5 . , 2 5 0 ' l l 7 , 1 0 9 176,929 213,023 137,760- 296,105
93,982
50,602 A9-,723
Other l i a b i l i t i e s including
rP
>,n
accrued dividends
13 -529
+50
567
551
79.
5i>7
2,355
709
1,253
1,855
629
TOT^L LIABILITIES
144,013 4 A 2 A7 -5 0 5 11,336,943 2650,o8i.i-^552.1,162 2799,743 2367,625 7259.552 1858,867 1096,851 1362A37 ii.4.90,0o0
Capital paid in
18I+A8
-10.900
61; ,700
13,9-313,279
7,731+
7,039
22,21+7
6,026
l4,0G<+
6,120
6,731+
Surplus ( s e c t i o n 7)
10,670
llo,360
23,9A
33,7A
15,595
14,450
55,029
12,939
8,869
ll*,391
Surplus ( S e c t i o n 13b)
2? I'28
?62
1,429
4012
7,205
U,5Qi1,907
527
1,073
1,137
2> '••<-'I • :-4 9 1
Other c a p i t a l accounts
a.- or>A
L '. ' 4',
i+,>3o
i ;. , v^ £ -*
6,494
5,665
12,609
5,489
8,652
,510
19,406
6,982
TOTiiL LIABILITIES ^JSD
a-.PiT.--X ACOOUiiTS
i+1+,676,357 21+70,566 11,595,1114. 2705,036 5615,31+5 2852,94.0 2595,557 7348,666 1333,130 1114,286 1336,655 1 5 A A 4 7
Contingent l i a b i l i t y on bills.pur-j-b.ased
178
for f o r e i g n c o r r e s p o n d e n t s
' 5,575
557
2/1,856
I+65
513
2b2
212
7l+7
139
159
- 132+
Corjiiitments t o make . i n u u s t r i a l ;
' :
"
155
loans
\
3,531
—
—
1,591
1,731
1+0
-r532
AQlp
—
1+50
F. R.. notes outstanding
25,263,117 1512,556 5,716,236 1701,377-211+2,921+ 1323,1+70 ll+39,292 1+595,271 1132,335 593,979 936,221+ 657,523
C o l l a t e r a l f o r F . R.. n o t e s
held by F . R. Agents:
.. .
Gold c e r t i f i c a t e s
11,029.-000 1+30,000 3,4.764000 :-.505,000 635,000 700,000 595,000 2120,000 300,000 175,000 230,000 169,000
E l i g i b l e paper
155.4-21
A,600
7i1.a5i4.-O
10,30.1
' —
10,520
'. —
--- ' 15,'200
14,2 00 : 11,060
U. S. Govt, s e c u r i t i e s
ll+,365,335 1100,000,, 2,500,000 1200,000 1550,000 1150,000 900,000 2500,000 953,335 ;i;25,O00 700,000 500,000
MATURITY DISTRIBUTION OF LOANS .1ND S AIIRIIIAS
Within
l 6 to
31 t o
6 l to
91 days to
6 months
1 to 2
2 to 5
Total •
-'-15 days
• 50' days
60 days
90 days
6-months
to 1 y e a r
years
years
Discounts and advances
376,089
225,061
103,335
32,003
5,635
5,000
--'--'I n d u s t r i a l loans
31+
1,101+
935
l
57
14
11
5
--7
u. S. Govt., s e c u r i t i e s
11+3,550
23,5lA370
5,476,751
2,506,011
A535,961i.
6,315,092
1,570,7565,615*506
320,1+00
l / h f t e r . d e d u c t i n g sl+27 ,595,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve. Banks.
2 / jifter deducting
$3,717,000 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.
Federal Reserve notes
~7 ^ l
5 J
i *•
~2
1
~? O A-
2837,59'+
20,317
53,919
AAi-7
2l3l+,820
134,029
1,282
^/»7*i>
17,072
28,921+
2 L
1 0', AA2
5316,105
1+66
192
2936,775
1650,000
2,500
1600,000
Over
5 years
530,01+0
@FedFRASER