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BOARD OF GOVERNORS OF TIE FEDERAL RESERVE SYSTEM (Released f o r P u b l i c a t i o n Friday morning, October 17,1914-7) October 16, 19U7 H.U.1 CONDITION OF THE FEDERAL RESERVE BANKS During t h e week ended October 15 member bank r e s e r v e b a l a n c e d i n c r e a s e d $87,000,000, A d d i t i o n s t o member bank r e s e r v e s arose from d e c r e a s e s of $73,000,000 i n Treasury d e p o s i t s w i t h F e d e r a l Reserve Biaxks, $18,000,000 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 $i|,000,000 i n T r e a s u r y - c a s h and an i n c r e a s e of $61,000,000 i n gold s t o c k , o f f s e t i n p a r t by a d e c r e a s e of $1*5,000,000 i n Reserve Bank c r e d i t and an i n c r e a s e ©f $2/4.,000,000 i n money i n c i r c u l a t i o n . Excess " r e s e r v e s of member banks on October 15 were e s t i m a t e d t o be approximately. $1,270,000,000. Holdings of l o a n s , d i s c o u n t s and advanoes i n c r e a s e d $ 3 5 , ° 0 0 , 0 0 0 while 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 decreased $137,000,000, The d e c 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 -decreases"of $72,000,000 i n b i l l s , $6U,000,000 i n c e r t i f i c a t e s and $12,000,000 in : bonds and an i n c r e a s e of $10,000,000 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 d u r i n g t h e week and t h e year ended October 1 5 , 19^7, were as followst I n c r e a s e or decrease since October 15, 19U7 October 8 , October 16, 19U7 19U6- ( I n m i l l i o n s of d o l l a r s ) 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 Bank c r e d i t 22,218 - 137 * 35 + 58 T o t a l Reserve Bank c r e d i t Gold s t o c k Treasury currency 22,807 22,153 U,551 U5 Member bank r.eserve b a l a n c e s Money i n c i r c u l a t i o n Treasury cash Treasury d e p o s i t s w i t h F, R, Banks Nonmember d e p o s i t s and t t h e r F,R,accounts 17,229 28,656 l,32l| 836 1,1|65 87 21; 61 -1,200 - 107 38 +1,81*9 • k 73 18 6 +1,087 • 59 - 950 + 3X2 + 1 H.li.l(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 clecrease since 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 Other cash Discounts and advances I n d u s t r i a l loans Acceptances purchased U. S # Govt, s e c u r i t i e s t Bills Certificates Notes Bonds T o t a l 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,assets TOTAL ASSETS 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 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 October 15, 1947 October 8, 1947 October 16, 1946 20,209,670 695,U28 20,905,098 2li5.9l3 116,021 1,910 2,482 + 60,000 + 60', 000 + 18 + 34,968 + 60 649 +2,864,244 84,587 +2,779,657 38,940 i>7,784 + 8I9 2,482 + 13,913,632 7,098,966 4-97,300 707,690 + - - 22,217,588 -157.850 -1,200,650 22,368,001 -105,471 -1,305,133 + 6 + 207 + 379,449 + 548 + 8,910 98 125,398 3,459,153 33,245 52,788 71,550 64,300 10,000 12,000, + 720 +1,042,452 _+ ; 521. * 47,I89,694 +1,000,240 +1,824,704 24,553,381 + 20,193 3,836 17,228,922 835,730332,310 484,801 18,881,763 3,020,589 ;+ 86,951 - 75,697 - 20,494 + 875 - 6,365 + 984,036 +1,087,006 + 311,657 - 207,075 + 155,790 +1,347,378 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 20,627 • 355 TOTAL LIABILITIES +998,219 H67476,"36o. C A P I T A L ACCOUNTS C a p i t a l paid i n " 1*93,750 ' + 31 Surplus ( S e c t i o n 7) 439,823 Surplus ( S e c t i o n l j b ) 27,455 Other c a p i t a l accounts 52,306 * 1,990 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 47,189,694 +1,000,240 ' R a t i * 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 48.1?of. Contingent l i a b i l i t y on b i l l s purchased 1 3,036 for f o r e i g n c o r r e s p o n d e n t s Commitments t o make i n d u s t r i a l l o a n s 7,326 52 565,215 395,055 192,800 47,600 + 419,589 + -8,112 +1,771,243 + '9,221 + 81,468 + 27 37,255 +1,82U,704 5.$ + 87 1,079 H.l*.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 15, lgltf (In thousands of dollars) A S S E T S Gold certificates Redemption fund for F.R. notes Total Boston 20,209,670 756,1*52 New York 5,520,779 695,1*28 55,01*8 119,817 Phila. Cleve. Rich. Atlanta Chicago St.Louis 9 7 7 , 2 0 3 l 3 l 0 , 0 7 2 1175,955 1106,725i;386,l97.586,029 60,250 75,001 6^,257 1*1,1*09 97,1*07 Minn. Kans.Cy, U57.138 739,812 1*5,056 23,03!; 35,910 Total gold certificate re serves 20,905,098 791,500 5,61*0,596 1057,1*55 1585,075 121*0,212 lli*8,15l* U*83,>6ol* 651,085 1*80,172 775,722 Other cash 10,828 6,222 8,919 1*1,219 12,265 23,1*88 13,929 18,627 37,31*1 21*, 318 215,915 Discounts and advances ii*6,02i 5,885 13,903 1,657 5,851 3,1*1*5 5,852 73,875 7,1*25 16,1*17 5,1+58 Industrial loans 1,890 — 20 1,910 Acceptances purchased 2,1*82 2,1*82 U. S. Govt."securities: Bills -: 13,915,652 920,650 1*,092,115 1005,261* 1255,769 755,979 625,183 I72l*,681 703,306 3 52,11*7 617,052 Certificates 7,098,966 £95,070 1,662,71*1 1*68,726 678,222 2*69*31*3 385,850 959,580 398,176 211,280 359,516 Notes 1*97,500 3b, 681 ll*,800 25,171 116,1*79 32,835 1*7,511 52,879 27,030 65,820 27,895 Bonds 707,690 1*9,353 39,691* 21,062 35,820 165,757 1*6,727 67,611 1*6,789 38,1*65 95,665 Total U. S. Government securities " 22,217,588 11*99,751* 6,037,092 1553,552 2ol*9,H3 130l*,990 1076,528 2823,71*6 1169,069 599,289 1037,359 Dallas SanFran. 196,369 2716,959 25,91*6 52,293 522,315 2769,232 9,ol*5 59,712 1,259 5,016 51*7,586 1311*, loo 363,1*56 667,206 25,1*61 1*6,71*0 66,511* 36,233 972,556 209I*,560 Total loans and securities 22,368,001 1505,212 6,113,1*1*9 1562,867 2065,530 1310,861 1079,973 2829,598 117U,952 6i3,l92 1039,016 973,775 2099,576 Due from foreign banks 98 1* 1/29 5 11* 1* 8 3 9 6 1* 5 9 1*,068 21,927 10,025 F.R. notes of other banks 125,398 7,556 6,027 10,209 8,916 15,158 7,656 15,691* 11,057 1*,125 Uncollected items 3,1*59,155 286,920 750,920 219,1*20 525,697 298,267 225,098 520,559 151*, 780 99,861 167,599 151*, 51*2 255,690 Bank premises 53,21*5 1,216 2,1*68 1,752 2,61*1 5,058 1,976 8,291* 805 1,1*91* 3,127 1,255 5,179 3,236 2,509 2,782 5,201* Other assets 52,788 5,500 7,269 1,1*35 2,957 5,831* 5,lH* 11,81*9 5,099 TOTAL ASSETS 1*7,189,691* 2617,170 12,585,050 28l*l*,266 3817,71*6-2880,1*72 21*86,1*96 7896,601 1-985,777 1212,126 2003,575 1667,555 5195,082 l / After deducting $69,000 p a r t i c i p a t i o n s t>f other Federal Reserve Banks. H.l*.l(c) STATEMENT OF CONDITION OF THIS FEDERAL R83HRV3 BANKS Oil OCTOBER' 1 5 , 192*7 (In" thousands of d o l l a r s ) Total 3oston Now York Fhila. Cleve. R i c h . A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy, Dallas SanFran. 22i,553,381 12*2*9,956 5,625,135 1655,962* 2113,2m* 1732,804 12*01,875 2*, 596,12*1 1115,697 616,72*2* 9Ul,4o9 621,228 2683,182; L I A 5*1 L T m -r E S F e d e r a l R e s e r v e nofes Deposits: Member b a n k - r e s e r v e acct.17,228,922 765,52*5 5,U2i|,863 U.S.Treasurer-gensral acct.335,730 193,087 63,682; Foreign 332,310 16,985 1/152,2463 Other l*8l*,801 2U0.519 3,955 Total deposits 18,881,763 850*169 6,180,932 Deferred a v a i l a b i l i t y itemS3 ) o20,539 270,072; 552,077 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 20,627 5,922; 1,155 TOTAL LIABILITIES 1*6,1*76,360 2571,352;'-12,362;,068 C a p i t a l paid i n 68,320 193,750 11,233 Surplus ( S e c t i o n 7) 2*39,323 27,557 136,52*9 Surplus ( S e c t i o n 13b) 3,012 27,2*55 7,253 Other c a p i t a l a c c o u n t s 52,306 Q,652 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*7,189.691* 2617,170 12,535,050 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 3,036 2/972 192* Commitments t o make i n d u s t r i a l loans 7,326 F . R. n o t e s o u t s t a n d i n g 25,229,307 1500,203 5,772*,172* C o l l a t e r a l f»r F.R. notes h e l d by F.R.Agentsj 12,278,000 l*l*o,ooo 3,1*70,000 Gold c e r t i f i c a t e s 93,870 3,250 61,605 E l i g i b l e paper U.S.Govt. s e c u r i t i e s 13,620,000 1100,000 2,1*00,000 Total Discounts and advances Industrial loans Acceptances purchased U.S.Govt. securities Within 15 days 822,587 2097,958 838,915 1259,717 761,055 766,681 251*2,103 661,575 • UU8,299 839,622; 38,188 59,906 116,91*8 30,130 2*2*, 652 2*8,897 73,062; 65,233 68,146!; •33,2*77 t 9,251 10,836 35,92*5 21,1*08 2i;,580 12,951 6, 608 " 9,250 8,722 23,311 1,087 3,388 1,2*21 1,622 10,265 3,052 8,519 1*22 38,612 1,939 OP 22 5,2*33 876,333 2208,778 935.Q09 1359,795 32*5*522 838,510 2698,382* 712, I9i*, 202 276,2+2*6 265,038 212;, 732* 00,035 12*6,311 503,2*01 129,822; l2;3,68o 235,961 92*2 905 . 611 796 2,173 831 3M 717 27-86,2*50 3751,2*37 281*1*,306 2^55,950 7601,076 1959,21*3 1193.272 1977,012; 161*2,095 5130,096 2*, 270 6,2*72 7 , 2 2 1 10,000 8,172* 23,131 H*»316 6,32*3 7,2*2*5 18,817 38,106 3i,720 10,997 16,577 18,663 13,777 65,073 15,729 20,676 l*l-,392* 2,12*0 762 1,073 521 1,307 1,2*29 1,137 U>U§9 3,325 1,007 2*.72;0 3.676 2.935 2.512* 3.000 3.221 11.291 5,893, 3.991 5.091 1,275 1,952 28l*l*,266 3017,72*6 2880,1*72 21*06,1*96 7896,601 1985,777 1212,126 2003,573 1667,335 5193,082 22;6 283 11*9 121* 1*13 106 106 76 862 1,2; 52 77 2*27 23" 500' 1699,136 2169,2*50 1760,572 12*52,2*28 2*687,623 1153,62*1 629,676 100 £67 150 3,750 963,282* 6i;9,327 2781,708 515,000 695,000 600,000 725,000 2850,000 300,000 102*,000 280,000 169,000 2050,000 1,980 1* 50 2*, 630 — 2*, 160 — ».2*, 675 13,02*0 1200,000 1500,000 1220,000 750,000 1900,000' 900,000 2*50,000 700,000 500,000 1000,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. Over 6 months 1L to 2 61 to 16 to 2 to 5 31 to 91 days to 5 years years to 1 year 90 days 30 days years 60 days ' 6 months 12*6,021 107,023 5,291 3,32*5 30-, 32*5 6 11 1,372* 25 — 22 25 53 109 1,910 600 ooo 769 225 2,1*32 2,U78,162 2*, 019,393 22,217,580 2,727,01*6 2,3i9,i;63 U,819,309 5,171,525 l / A f t e r d e d u c t i n g $179,722*,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 BankSi 2~/ A f t e r d e d u c t i n g $ 2,062*, 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. 302 255,150 2*27,52*0
@FedFRASER