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BOARD 0 F "GOVERNORS OF THE FEDERA.L RESERVE SYSTEM (Released f o r P u b l i c a t i o n F r i d a y morning,October 11j n o t e a r l i e r ) October 10, H.lul l^kh CONDITIPN OF THE FEDERAL RESERVE BANKS During t h e week ended October 9,'member bank r e s e r v e b a l a n c e s decreased $11*7,000,000, Reductions i n member bank r e s e r v e s a r o s e from i n c r e a s e s - o f $126,000,000 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 and $82,000,000 i n ' money i n c i r c u l a t i o n , and d e c r e a s e s of $92,000,000 i n Reserve Bank c r e d i t and $2,000,000 i n T r e a s u r y c u r r e n c y , o f f s e t i n p a r t py d e c r e a s e s of $31,000,000 i n T r e a s u r y cash and $1214,000,000 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 a c c o u n t s . Excess r e s e r v e s of member banks on October 9 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 $810,000,000, 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 $53,000,000, Holdings of United S t a t e s Government s e c u r i t i e s d e c r e a s e d $53,000;000; r e f l e c t i n g a l i k e decrease i n b i l l s . Changes i n member b i n k 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 and t h e y e a r ended October 9, I9I4.6, were as follows t Increase or decrease since Oct, 9, 19U6 Oct. 2, 19U6 Oct . 10, X9fi5 ( I n mi l l i o n s of d<hilars) U. S, Government s e c u r i t i e s Loans, d i s c o u n t s and advances Other Reserve B a n k ' c r e d i t 23,502 272 27U * - 53 53 93 ' T o t a l Reserve Bank c r e d i t Gold s-tock Treasury currency' 2!;,0l|8 20,305 r - 92 1 2 Member bank r e s e r v e b a l a n c e s Money i n c i r c u l a t i o n T r e a s u r y cash T r e a s u r y d e p o s i t s w i t h *'fR, Banks Nonmember d e p o s i t s and o t h e r F,R,accounts 16,019 28,608 2,270 1*83 1,518 + + - 1U7 82 31 126 12/4 + 230 61 + + + + 125 265 287 U82 6U6 12 52 386 H.-l|,l(a) * STATEMENT OF CONDITION OF THE TWELVE} FEDERAL RESERVE BANKS COMBINED (In thousands of dollars). Increase or decrease since Oct. 2 , 19U6 Oct* 10, 191*5 17,3142,1*21* 780,036 18,122,1460 + 28,21*7 801 + 27,Wi6 + 225,859 + 29,715 + 255,571; 279,9& 270,698 1,080 128 - ^,31*8 + 52,966 10 - 1,308 + - 1U.556,989 7,517,001 673,100 755,290 - 52.11*3. 23,502,380 - 52,11*8 Total loans and securities 23,771*, 286 500 Due from foreign banks F. R, notes of other banks Uncollected items Bank premises Other assets 92 121,215 2,01*1*, 066 32,696 1*0,701 Oct, 9 , 19U6 ASSETS Gold c e r t i f i c a t e s Red©5^>tic*ifund 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 Other cash Discounts and advances Industrial loans Acceptances purchased U. S. Govt, securities? Bills Certificates Notes Bonds Total U. S. Government securities ' TOTAL ASSETS L IA B I Deferred a v a i l a b i l 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 ACCOUNTS + 230,11*2 + 186,251* 18 25,565 287,971* 1,109 11,108 - 3,955 -355,162 + 2 + 755. + + 1*1*, 1*15,1480 -338,762 + 21*, 552,163 ♦ 69,770 * 2*15,1*08 16,019.51*9 U82,555 58l*,23o 335,9143 -11*6,637 +125,522 -112,61*7 - 11,867 17,1+22,077 1,770,393 ■LlU5,6£9 -263,797 ♦ U82,6UI* 52,893 - 396,768 - 102,537 69,3^ + 3149,582 12,U*3 1*3,757,076 877 -31*0,533 181*, 352 358,555 27,1*28 88,269 53 796,U27 + 1,725 697,359 ' Capital paid i n S u r p l u s ( 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 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. n o t e l i a b i l i t i e s combined Commitments to'make i n d u s t r i a l loans ♦ 262,81*0 -1,265,050 - 222,102 H U E S F e d e r a l Reserve n o t e s Depositsj 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 C A P I T A L + 53,295 U2,396 1,620 128 1*14,1*15,1*80 1*3.2fo 6,270 + 1,718 r338,76^ + 11,830 + 130,202 +. 263 1*3,227 + 796,1*27 1, HJul(b/ * STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 9 , 1946 ( I n thousands of d o l l a r s ) Total Boston New York . P h i l a . Gold c e r t i f i c a t e s 17,3k2,k2k Redemption fund for F. R. notes 780,036 JTotaJ. gold c e r t i f i c a t e L I reserves' 18,l22,k6Q 7k7,927 5,218,950 56,569 118,071; Cleve. Rich. Atlanta Chicago St.Louis I4inni Kans.Cy. Dallas SanFran. ASSETS 80k,k96 5,337,02^ 900,6k5 5298,710 557,512 336,381 60,632 76,099 6l,0k6 k5,k31 126,5k2 " """ " """**""" 882,339 1167,7911035,917'9^6,076 3U25,252 k6,9l8 21,312 3k,k03 6ok,k30 357,693 598,030 821,707 1091,692 97k,871 E t h e r cash 279,96k 22,196 73,301 19,733 16,386 18,367 18,135 36,121 12,280 "Discounts and advances 270,698 17,170 95,895 13,952 21,166 ik,8k5 7,8ko 3k,o2o 19,295 I n d u s t r i a l loans 1,080 65 acceptances purchased 128 -— U.S.Govt, s e c u r i t i e s ? Bills Ik,556,989 86k,662 3,526,765 9k7,882 1^33,763 9H,l63 763,8152269,171 606,769 Certificates 7,517,001 502,163 1,896,023 591,817 6^9,158 U65,638 398,963 985,213 k03,6k6 169,777 52,99k 58,127 L.1,695 35,725 -88,220 36,lkk Notes 673,100 kk,965 190,508 59,k65 65,225 k6,786 ko,087 93,992 ko,558 Bonds 755,290 50,k56 Total U.S.Government """ ~" ; " securitioj" 23,502,380 lk62,2^6 5,783,073 1652,158 2206,273 lk65,232 1238,590 3kkl,596 1087,117 6,579 16,350 563,627 k59,625 2370,777 lk,835 ik,585 25,359 107,651 k8k,98k 2V78,k28 10,100 k,i6o 31,931 n,k2o 37k,33k 68k,532 503,2161670,917 22^,291 356,k7k 338,lkk 705,k71 2o,Q8k 31,920 30,279 63,170 22,536 > 3-5*817 33,976 70,88k 6kl,2k5 H08,7k3 905,615 25l0,kk2 Total loans and securities' 23,77k,286 Ik79,k81 5,879,096 1667,125 2227,k39 lk80,127 12k6,k30 3k75,6l6 l l o 6 , k l 2 657,595 1123,328 909,775 2521,862 Due from foreign banks 92 5 l / 36 7 8 k 5 ' 11 3 2 3 3 7 F # R.notes of other banks 121,215 5,k9k 19,kl6 k,7k5 k,933 22,366 8,892 12,957 8,7k9 7,391 6,928 3,k92 15,352 Uncollected items 2,0kk,066 lk7,830 398,5kk I2k,76£ 182,29k 17k,092 138,105 31k,962 106,172 61,221 113,628 86,076 196,380 Bank premises ' 32,696 1,311 8,5lk 3,206 3,90k 2,709 1,536 3,069 2,022 1,277 2,538 803 1,807 Other a s s e t s k0,701 2,667 9,605 2,615 k,1552,366 2,299 5,k27 2,760 1,069 1,786 1,803 k*069 III TOTAL ASSETS f ■ . L ■ kk,kl5,k80 2k63,k80 11,725,616 27ok,532 3606,910 2735,9k8 236l,k76 7273,k^5 ~i8k2,828 1093,327 1861,076 lk97,036 52k9*836 1 / After deducting $56,000 p a r t i c i p a t i o n s of other Federal Reserve Banks* STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 9 , 192*6 ( I n thousands of d o l l a r s ) H.i*.l(c) L I A B I L I T I E S Total Bos-ton F e d e r a l Reserve n o t e s 1 , 5 5 2 , 1 6 3 12*77,760 Deposits: Member b a n k - r e serve a c c t . 16,019,32*9 730,808 U . S . T r e a s u r e r - g e n e r a l a c c t * 2*82,555 32,781 Foreign 582*,230 35,305 Oxher 335,92*3 New York Phila. Cleve. Rich. Atlanta Chicagp S t . L o u i s 5,558,931 1655,901 2095,521; 1756,203 124*2,165 2*502,1*19 1080,372 5,0^9,826 793,59 s H80,70l* 122*,006 2*3,2*2*2* 2*1,280 1/^18,913 2*5,2*22* 50,896 5,560 ~ 257,060 2,692* 7,22*6 80l*,2*52* 5,629,805 885,152* 1280,126 138,115 326,62*6 109,103 169,119 731,2*31 721,52*0 2271,602 33,358 20,605 73,95k 25,722 20,796 73,335 2 2,593 859 *923 793,602+ 763,800 22*21,8U* 152,725 127,2*03 258,&*1 Minn*' Kans.Cy. 580,626 908,2*52 Dallas SanFran. 605,595 2880,2*17 592,2*11 2*08,805 793,375 751*530 2013,725 20,136 27,336 $*,792 20,662* 19,699 18,607 13,682 18^060 17,513 2*5,977 7,591 2,178 1,2*81 688 2*5,070 62*3,2*01 2*2*5*329 832,615 789,867 2132,108 92*,605. 2*9,699 95,659 78,257 170,2*21 Total deposits 17,2*22,077 Deferred a v a i l a b i l i t y i-cems 1,770,393 Other l i a b i l i t i e s including accrued dividends 12,2*2*3 676 3,573 * 750 1,212 6li* 560 2,li*2* 1*92* 2*0l* 2*81 2*27 1*130 TOTAL LIABILITIES 2*3,757,076 22121,005.11,518,955 2 6 5 0 , 8 8 5 3 5 1 5 , 7 8 1 2703,12*6 2 3 3 3 , 9 2 6 7 , 1 8 5 , 0 1 8 1818,870 1076,058 1837,207 12*72*,12*6 5192,076 182*,352 10,887 62*,62i 13,65k 18,271 7,761 7,020 22,230 5,992* ; 2*,003 6,096 6,75k 17,061 Capital paid in 358,355 22,1*39 116,860 28,92*6 33,72*5 15,593 12*,2*50 53,029 12,939 8,869 11,891 10,670 28,922* Surplus ( S e c t i o n 7) 27,1*28 3,012 7,205 2*, 501 1,007 3,326 7^2 1,2*29 527 1,073 1,137 1,307 2,12*2 S u r p l u s ( S e c t i o n 13b) 88,269 6,137 17,975 6,513 8,106 6,122 5,318 11,709 2*,2*98 3,322* 2*,72*5 2*, 159 9*633 Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AED CAPITAL ACCOUNTS Commitments|to make i n d u s t r i a l loans 2*i*,2*15,i*80 22*63,2*80 11,7^5,616 2702*,532 3606,910 2735,92*8 2361,2*76 7273,2*15 182*2,828 1093,327 1861,076 12*97,036 522*9*836 6,270 25,202,02*6 1510,877 382 2*, J2*0 2*0 516 671 5,705,790 1702,191 212*5,183 1792,S70 12*79*668 2*590,722 1120,868 F . R. n o t e s o u t s t a n d i n g C o l l a t e r a l f o r F . R. n o t e s h e l d by F . R. A g e n t s ; Gold c e r t i f i c a t e s 10,952*,000 2*30,000 -3,2*70,000 505,000 635,000 610,000 E l i g i b l e paper 98,222 8,850 38,805 3,162 — 8,635 U. S . Govt, s e c u r i t i e s 12*,892,580 1100,000 2,300,000 1200,000 1550,000 1200,000 585,000 2100,000 900,000 2500,000 2*50 591*618 300,000 .170,000 l2*,375. 13,100 917*580 2*25,000 930,127 163 636,72*5 2925,387 28o,000 a69,ooo 1700,000 500 10,295 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS iMD SECURITIES Total Discounts and advances I n d u s t r i a l loans Acceptances p u r c h a s e d U. S. Govt, s e c u r i t i e s 270,698 1,080 128 23,502,380 Within 15* days 115,368 951* 128 16 to 30 days 13,705 1 ' 3 1 to 60 days 115,275 8 61 to 90 days 26,350 58 91 days t o 6 months 6 months to 1 year 1 to 2 years 8 3,057,537 2*,599*2^81 5,22*8,386 3,075*356 3,296,^2*5 320,2*00 l/ After deducting $365,033,000 participations of other Federal Reserve Banks. 3,173,985 2 to 5 years Over 5 years "16 12*3,350 5o1*92*0
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