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Form F. R. 283 STATEMENT FOR THE PRESS Released fo r p u b lica tio n Friday morning, Nov. 10; not e a r lie r . Board o f Governors o f the Federal Reserve System November 9, 1944 CONDITION OF THE FEDERAL RESERVE BANKS During the weekended November 8, member bank reserve balances increased $76,000*000* Additions to member bank reserves arose from an increase of $390,000,000-in Reserve Bank cre d it and a decrease o f $59*000,000 in Treasury cash, o ffs e t in part by increases of 3265,000,000 in money in c ir cu la tio n , $98,000,000 in Treasury deposits with Federal Reserve Banks and $9»000,000 in nonmember deposits and other Federal. Reserve accounts. Excess reserves o f member banks on November 8 were estimated to be approximately $900,000,000. Holdings of loans, discounts and advances increased $14.1 ,000,000 and of United States Government secu rities $352,000,000. The increase in holdings o f United States Government secu rities resulted from increases o f $279*000,000 in b i l l s , $67,000*000 in c e r t ific a te s and $6,000,000 in notes, Changes in member bank reserve balances and related items during the week and the year ended November 8, 192)2)., wore as follow s: Increase or decrease since Nov. 8 f 19142; Nov, 1, 1942). Nov. 10 1943 (In m i l l i o n s o f d o l l a r s ) U, S* G ovt. s e c u r i t i e s ( i n c l , g u a r, se c * ) 'Loans d is c o u n ts', and advances Other Reserve Bank c r e d i t ■Total Reserve Bank c r e d i t Gold s t o c k Treasury c u rre n c y Member bajnk reservg b a la n c e s Money i n c i r c u l a t i o n T reasury cash T reasu ry d e p o s i t s w i t h F. Rf Banks Nonmember d e p o s it s and o th e r F. R. accounts 17,957 2i09 288 +352 + hi ' b +8,092 + 375 42+ 18,655 . 20,726 4,115 +390. - 1 ** — *» +8 ,1;24 -1,370 + 15 lb ,159 24,6714. 2,313 314 2,035 + 76 +265 - 59 + 98 + 9 +1,961 +5,160 + 16 55 14 Form F» R. 283c L I A B I L I T I E S Federal' Reserve notes Deposits s Foreign Other Total denosits STATEMENT OF CONDITION OF THE FEDERAL RJES3RVS BANKS ON NOVEivIBER 8,-1944' (I n thousands o f d o lla rs), •Total joston New York P h ila . C leve. R ich. A tlanta. Chicago St.L ou is Minn. Kans. ;y. 2 1, 015,106 1324,414 4,659,011 1374,685 1855,608 1454,579 1251,200 •5359,178 900,932 .465,091 773,259 I 4 ,i5 ? ,4 5 i 313,710 1,520,654 419^086 677,779 4,629,254 20,496 75,$15 35,275 lA ?2 ,0 0 9 •3,173 ■" 322,599 706,157 1105,771 £7,711 57,451 108, 149 104,625 9,306 4,274 618,109 563 47,021 5,756 592,810 2108,619 21,067 1,444 57,617 145,766 ,2,399 . 5,673 526,121 515,559 10,879 24,546 36,441 25,862 1,960 10,407 Dallas San Fran. 529,627 2627,542 651.068 25,636 34,090 3,994 577,013 1651,411 24,896 25,703 54,090 9 1,7 13 3,056 50,499 16,112,901 ’ 784,726 5,499,355 846,201 1277,151 669,234 653,895 2259,507 583,848 367,727 714,788 637,862 1813,519 209,678 83,628 ; 1,351,930 93,671 141,270 111,497 56,411 -36,177 69,429 156,090 93,379 81,575 ..209,325 Other l i a b i l i t i e s including accrued dividends 1,152 • 395 : 10,316 1 ,026 S69 332 940 2,814 394 457 627 1,245 565 TOTAL LIABILITIES' 58,490, 755 2203,545 10,370,858 2320,516 3255,274 2215,937 1967,055 6529,162 1541,586 -869,327 1577,112 1237,312 4603,091 Capital paid in 13,462 5,029 5,082 . 3,481 53,611 18,968 160,505 12,166 5,170 6,446* 5,735 9,994 16,311 Surplus (S ection 7) 70,012 183,097 13,206 16,026 5,256 6,350 ’ 3,669 4,351 26,490 4,554 5,725 17,059 14,159 Surplus (S ection 13b) 2,129 7,092 1,007 5,290 4,421 550 • 1,000 1,137 1,307 1,429 26,965 2,074 749 Other e&pitul accounts 6,612 11,332 14,528 24,426 - 6,615 6,570- .99,424 . 5,611 5,892 4,190 4 , 192^ 4,557 4,849 TOTAL LIABILITIES AND capital acgoolts ' 38,965,74.2 2235,230 10,530,999 2561,577 3500,000 2257,479 1985,182 6590,577 1557,720 882,034 1592,322 1252,669 4639,453 Commitments "to make — in dustrial loans - — — — — 536 ' 5.020 1,457 50 275 55 2,597 F.R.notes outstanding C ollateral fo r F.R.notes held by F.R,Agents: Gold c e r t ific a te s E lig ib le paper U. S. Govt, se cu ritie s 4,807,720 1405,050 1863,474 l46o, 062 1267,674 3919,651 21,537,571 1349,117 * 930,276 t^73,512 792,475 551,721 2712,059 11-,231, ooo 575,000 2,470,000 601,000 82o ,o o o 6l 5,ooo 313, 590- 13,750 . 250,160 11,200 — . ' 4,050 10,425,345 810,000 2,300,000 . 800,000 1050,000 350,000 425,000.225,000 17,390 13,500 520,545250,000 300,000 3,540 500,000 246,000 1774,000 590,000 264o,ooo — — 700,0001300,000 345,000 1000,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Discounts and ‘advances Industrial loans " U.S.Govt, s e cu ritie s ( i n c l . guar, s e c .) <Total Within 15 days 401,181 8,253 366,853 6,999' 17 , 957,341 1,579,853 91 days to 6 months 16 to 50 days 31 .to 60 days 61 to 90 days 11,160 913 6,o4o 171 17,128 26 39 3, 152, 2 76* 5 , 682,839 4,185,016 l !, 6 5 4 ,l2 l' l / A fte r deducting$747,633,000 1 to 2 years 2 to 5 years 18 61 31 1,885,640 92,200 880,602 6 months to 1 year p a r tic ip a tio n s o f other Federal Reserve. Banks. Over 5 years 656,794 •^arm P. R. 283a Released f o r p u b lica tio n Friday morning, November 1 0 ,l9^iU; not e a r lie r . statement of condition OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands o f d olla rs) Increase or decrease since Nov, 10, 19U3 Nov. 1*. I9I+U Nov. 8, 19UU' ASSETS Gold c e r t ific a te s on hand aAd due from U, S, Treasury. . Redemption fund - F. R, notes Other cash 18,016,065 51+8,111 235,312 » ‘ + 5 >000■ + 5,222 - 15,266 - 1 ,788,650 + 419,712 65,197 Total reserves Discounts and advances Industrial loans U. S.Govt, secu rities« B ills C ertifica tes Note s Bonds Total U, S. Govt, secu rities ( i n c i . guar, se c.) 18,799 ,1+8$ 1*01,181 8, 258' - 5,01+1+ + 1+1,350 281 -1 ,l+3l+, 135 + 378,801 3.319 11,788,55k 3,316,1+90 1 , 108,871 1 , 21+3 ,1+26 +279,01+2 + 67,000 + 6,000 +5,871,771 +2, 122,290 + 1+20,1+71 - 322,135 17,957.3U +352,01+2 +8,092,397 Total loans and secu rities Due from foreign banks F.R.notes o f other banks Uncollected items Bank premises Other assets 18, 366,700 136 63,377 1 , 639*618 3i+,333 56,1+55 +393, 6lT - 9,31+9 -132,371+ + 11 60 3 +8,1+67,879 — 527 + 85,272 3,987 5,265 38,965,71+2 +21+6,21+7 +7,109,237 21,015,106 +192,326 +5 ,096,881 ll+,159,1+51 313,710 1 , 220, 65h i+19,086 16, 112,901 +1 , 961, 271+ 55,316 - 128,317 + 52,096 +1., 029,737 1,351,930 + 76,01+6 + 93,002 - 5,791+ + 12,595 +180,81+9 - 128,285 + 10,816 50,1+90,75^ + 302 +21+5,192 3,035 +7',059,366 160,503 183,097 26,965 99,1 i2l+ 38,9o5,7l+2 + + 991 +21+6,21+7 + 10,160 + 27,686 + , 136 + 11,889 +7,109,23? - .6-% 237 - 16,1+fo 1+.893 TOTAL ASSETS — L I A B I L I T I E S Federal Reserve notes Deposits s Member bank-reserve account U.S.Treasurer-general account Foreign Other Total deposits Deferred a v a ila b ilit y items Other l i a b i l i t i e s including accrued dividends TOT^L liabilities C A P I T A L À C C Ö UN T S Capital pi.id in Surplus (Section 7) Surplus (S ection ijb ) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio oT to ta l reserves to deposit and F.L.note l i a b i l i t i e s combined Commitments to iru.ke in dustrial loans 50 M 5,020 61+ — + 129,713 Form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS ON NOVEMBER (In thousands o f dollars) 8, 1944 ASSETS Total Bòston New York Gold c e r t ific a t e s on hand and due from U. S. Treasury 18, 016,065 xRed^înption fun4-F*R.notes 5^8,111 Other cash 235,312 882,877 40,552 19,611 4 , 646,118 119,573 59,166 18,799,488 943,040 1+01,181 8,253 13,750 1 ,45h Total reserves Discounts,.and advances Industrial loans TJ* S. Govt* s e c u r itie s : B ills C e rtifica te s Notes Bonds Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran, 631,4.84 23.-992 12 .-535 668,011 507,329 2590,305 17,470 61,2 l4 21,885 7,14.1 Cleve. R ich. 968,568 1343,201 40,798 ■ 52,575 18,320 20,180 892,455 44,055 13,350 894,064 3560,030 35,489 66,741 18 ,290 28; l44 740,716 358,918 33,o46 12.606 11.-252 4 .*932 4 , 824,857 1028; 186 1415.,962 949,860 947,843 3654,915 785,014 376,456 250,160 86 P hila, 11,200 3,380 14,810 323 4,050 138 11,788,554 874,096 2,963,597 866,038 1345,333 850.700 3,816,490 168,061 1,320,1.53 201 .832 217 852 176,203 40,830 1 , 108,871 333 ¿654 58 A y 63,295 51,195 1,243 4*26 70,976 65,759 57 J'.oò 54,755 ■ 430,203 • • Total U* S, Govt* se cu r itie s (in cl* guar* s e c .) 17,957,341 1145, 74? 5,102,912 1212,272 lo>-7 ,.456 1135,506 Total T c ri>i ru] x n f l T l co; a 4,353 24 36,450 « . . . 17,390 — 13,500 . — 3,540 25 531,940 2673,4o4 30,353 1,125 2,828 700,912 1160,214 399,615 345,047 136,066 789.-363 168,319 60,651 49,050 17,622 39,535 229,347 55,002 19 ..760 257,177 ¿•4,332 • • • 631,380 113,944 33>105 37 ,122 462 .,051 1164,571 96,162 367,034 27 *939 106,656 3 i,3 29 119,598 920 345 2436,101 672,436 14-3 »080 815,551 617,431 1757,909 925,722 2472,551 689,876 456,580 819,116 647,834 1761,662 v c u jl s e cu ritie s 18,366,780 1160,946 Due from foreig n banks 136 F. K. notes o f other banks 68,877 un coiiectea items 1 , 639,618 Bank premises 34,383 Other assets 56,455 TOTAL ASSETS 10 2,661 124,024 1,619 2,930 5,353,153 1226,852 1712,539 1139,694 1/ 4 9 11,652 315,729 8,934 16,620 12 12 6 4 2,533 , 3,406 - . 7,7-59 . 6,180 97,414 159,648 134,623 101,473 4 ,.120 2,866 .3,4.8o 1,618 3 5100 4,263 2,671 2,342 17 3,113241,729 . 2.890 10,362 1+ 3 5,24l 2,177 72,591 44 ..172 1,256 2,055 1,390 2,939 4 4 4,353 • 3,309 96 5?6 66.-956 917 2,673 2,069 * -1,709 11 11 -493 134.063 1,960 6*060 38,965,742 2235,230 10,530,999 2361,577 3300, 00'0 2237,479 1985,182 6390,577 1557,720 882,034 1592,322 ,1252,669 4639,453 l / A fter deducting $87,000 p a rticip a tion s of other Federal Reserve Banks.
@FedFRASER