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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, October 18; not e a r l i e r ) H,ij,l October 17, I9I16 CONDITION OF THE FEDERAL RESERVE BANKS During the;week ended October 16 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 $123,000,000, A d d i t i o n s t o member bank r e s e r v e s arose from an i n c r e a s e of $101;,000,000 in Reserve Bank c r e d i t and d e c r e a s e s of $11,000,000 i n money i n c i r c u l a t i o n - and $5i|,000,000 in, nonmember d e p b s i t s and o t h e r Federal Reserve a c c o u n t s , o f f s e t i n p a r t by i n c r e a s e s of $[j.l,000,000 i n Treasury d e p o s i t s w i t h Federa.l^_^ , Reserve Banks and $1^,000,000 i n Treasury c a s h . Excess r e s e r v e s of member Writes / ° were e s t i m a t e d t o be approximately $960,000,000, Holdings of l o a n s , d i s c o u n t s and ^advances decreased $17,000,000 and of United S t a t e s Government s e c u r i t i e s $81;,000,000, The decrease 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 d e c r e a s e s of $ 7 8 , 0 0 0 , 0 0 0 ' i n b i l l s and $23,000,000 i n c e r t i f i c a t e s , and an i n c r e a s e of $17,000,000 i n n o t e s , Changes in; member bank re'se'rve b a l a n c e s and r e l a t e d items during t h e week and the year ended October 16, I9I4.6, were as follows* I n c r e a s e or d e c r e a s e s ince Oct, 16, I9I16 Oct, 9 , 191- Oct. 17, I9h5 (In millions of dollars) U, S, Government securities Loans, discounts and advances Other Reserve Bank credit 23,U18 255 1*79 - Total Reserve Bank credit Gold stock Treasury currency 2].t,152 2o,3oU U,5U5 + lOii 1 + 1 Member bank reserve balances' Money in circulation Treasury cash Treasury deposits with F. R.'Banks Nonmember deposits and other. F.R,accounts 16,11*2 28,597 2,27U 52U i,h6k eh - 17 + 205 + 123 - 11 + - 517 6k —•*» 4- U53 4 265 283 + 4- + + k * ill 4-' - 5h - 4- hh2 6h5 25 231 3k2 H.ll.l(a) . STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) I n c r e a s e or d e c r e a s e since Oct. 16, 19&6 Oct, 9 , ^ 6 Oct. 17, 19^3 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 T o t a l U. S«Government 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 b a n k s F.R, n o t e s of o t h e r banks Uncollected"items Bank p r e m i s e s Other a s s e t s 17,3U5-U26 780,015 + is, 125, u a + + + 28J 4 ,853 253,805 1,091 3,002 21 2,981 14,889 16,893 11 128 + + + 216,361 , 28,260 2i;l4,62l + - 52,360 62,929 1,1460 1U,U73,8JU7 7,li9^,ooi 69 a , 100 755,290 - 78,LU2 - 23,000 + 17,000 +1,733,0145 + :25l4,8li0 -l;2U8,050 - 222,102 23,h18,238 - 8ii,li|2 + 23,673,1& 92 • '125,191 3,079,7014 32,697 ii3,878 -101,152 + .U53,3hh 517,733 + l * 5,177 18 13,520 694,395 1,108 - ' 12,805 li5,36ii,990 +9^9,510 +i;W4,309 F e d e r a l Reserve n o t e s Depositsi Member b a n k - r e s e r v e a c e c u n t U.S.Treasurer- general account Foreign Other 214,557,217 + 5,0514 + ; 1432,292 16,1141,916 5214,073 539,385 329,011 + -'hkl.bkQ + .230,833 - 1420,732 5li,839 Total deposits +122,567 + 1*1,518 - Iiit,8li5 - 6,932 I7,53li,385 2,601,000 +112,308 TOTAL ASSETS + 3,976, +1,035,638 •+ + L I A B I L I T I E S Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L 216,710 695,035 1,601 +1,345,638 ACCOUNTS- 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 TOTAL LIABILITIES AKD 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 *• C o n t i n g e n t l i a b i l i t y on b i l l s p u r c h a s e d for f o r e i g n correspondents Commitments t o make i n d u s t r i a l l o a n s 12,515 1414,705,117 +830,607 + 72 +9l48,Olil + + 1814,529 358,355 27,li28 89,561 lt5,3614,990 143.1?of 3,120 6,247 177 1,292 +9149,510 + 11,953 + 130,202 + 263 I*3,7li7 +1,1M,3°9 .1% + 2,103 23 + + * 3,120 2,528 H.M(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 16, I9U6 (In thousands of dollars) Total Boston New York 17,31*5,1*26 7^0,715 5,H7,l62 Phila# Cleve. Rich* Atlanta Chicago St*Louis Minn* Kans.Cy* Dallas SanFran* A S S E T S Uw l-.<=> id c e r t i f i c a t e s 825,876 1093,3Hi 980,927 902,69!; 3328,61+1 572,175 539.701 581,830 1+6,879 21,500 3l+,570 886,385 1169,283 101+5,285 9^8,022 51*5!*,931 619,05!+ 19,871 19,353 18,259 17,726 55,1+95 12,709 561,001 6,590 1+58,826 21*03,565 demption fund f o r F. R.notes 780,015 56,1*93 117,651 18,125,1*1+1 797,208 28ii,855 22,295 5,23i+,815 72,805 60,509 75,96-9 62,558 1*5,328 126,290 25,527 107,5Ul T o t a l p-old c e r t i f i c a t e reserves other cash Discounts and advances i n d u s t r i a l leans I". S. Govt, Bills 255,805 1,091 securities: ll+,1*78,81+7 Certificates Notes ' Bonds' 7,1+9!+,001 690,100 755,290 15,621 65 7*1,256 856,2&i 500,605 1+6,099 5Q,h5h 17,755 1,026 19,959 11,933 3,5ii8,ii31 932,296 ll+02,o!+S 916,300 1,890,282 171;.071 190,511; 590,020 5l+,355 59,!+66 7,620 616,200 i;8ii, 155 2511,106 15,71*8 9,927 5l+,275 33,852 15,597 22,120 —- 7 6 3 ^ U 2225,680 6ll*,758 362,776 676,172 501,995 1678,183 982,210. 1402,1438 223,615 90,Uli9 -57,059 20,592 98,995 1*0,560 22,557 555,377 52,726 55,817 357,119 3l,oiiU 55,977 61*7.111 161;,2o3 597,71+1+ 59,590- i+2,7l+8 56,627 65,219 .1*6,786 1+0,087 15,51+1 !+,886 lit,687 705,279 6!+,762 70,880 T o t a l U.S. Government securities" 23,1*18,238 11+55,1+22 5,805,298 1636,115 2173,968 11*70,037 1238,1*02 5397,352 I09l*,815. : 629,518 1100,092 90i*,155 2517,10!+ 25,675,151* H+69,108 5,877,554 1651*,89I* 2195,907 H+81,970 121*6,022 31*31,181* 1110,1+12 909,021 2551,791 Total loans and securities""" Due from f o r e i g n banks i-'.R.notes of o t h e r banks Uncollected items Tank premises Other a s s e t s TOTAL ASSETS 92 125,19I 5 5,028 1/36 l~l2l+6 7 5,28-9 - 8 6,055 1* 25,189 3 9,021* 11 12,890 3,079, Vol* 21*6,756 .61*9,137 182.,63k 305,175 2l*o,7l+7 19^,850 516,215 8,5ll+ 10,21*7 3,206 2,805 3,90l* 1*,517 2,709 2,1*30 1,537 2,6?!* 3#069 5,952 32,6^7 1*5,378 1,311 2,892 • 5 9,0l;2 651,638 1115,635 " 2 7.-1+33 - 5 -6,771 5 ^,69!+ 7 18,550 135,700 79,680 135,396 125,625 270,21+1 2,022 2,9T', 1,277 1,255 2,5^8 1*860 805 2,11*1 1,807 l+,5l+9 1*5,561*,990 25l*l*,6o5 11,870,1+02 275l+,09l -3701,982 2812,61*3 21*19,858 71+59,71+7 1891,870 1108,651+ i.r92..61+9 1556,565 5572,126 l / A f t e r d e d u c t i n g $56,000 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. 11.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 1 6 , I9I4.6 ( i n thousands of d o l l a r s ) L I A B I L I T I E S Total Boston New York - P h i l a . Cleve. Rich, A t l a n t a Chicago S t . L o u i s Minn. Federal Reserve n o t e s 2 4 , 557,21? ll|75,83S 5,560,1;11 1 6 5 6 , 6 3 ! 209li,638 1764,055 I 4 4 I , 4 5 0 14505,370-1087,127 580,351 Deposits: < > ] Member b a n k - r e s e r v e a c c t . l 6 , l U , 9 l 6 745,819 5,Ql6,6o2j. 803,039 1176,48? 742,11+9 72ii,527 2286,603 599,181 409,755 U.S.Treasurer-general a c c t . 524,073 '33,177 H3,86l 56,Q89. 1+7,571 35,983 22,529 99,368 26,488 24,561. Foreign 539,3-85 32,799. 1/200,350 42,151 hi,229 23,869 19,293 68,051 17,267 12,696 Other 329,011 - lf-,081 253,166 2,438 5,209 3,069 86? 3,165 7,712 2,570 Total deposits 17,534,385 813,876 5,533,981 833,717 1276,496 803,070 707,21? 2k5?,l8v 650.61.8 4l;9,522 Deferred a v a i l a b i l i t y items 2*601,000 211,700 515,154 159,302 268,i+34 212,044 183,025 1+06,016 129,613 6l',026 Other l i a b i l i t i e s i n c l u d i n g _ ' --': accrued dividends 12,515 7O6' 5,759 695 l,lif? 571 529 2,0?8 467 .,1441 r o i i i LIABILITIES 44,705,117 2502,120 11,663,285 2700,345 3614.0,715 27 7y,(l-t0 2 ^ , 2 ^ 1 7371,151 1867,055 1091,340 Capitai paid in l3u,529 10,389 61*,685 13,663 18,271 7.77-U 7,036 22,23? 6,020 lj.,005 Surplus;(section 7) 353,355 22,109 116,860 28,946 35,745 15,593 lh,kS0 53,029 12,939 8,869 Surplus ( S e c t i o n 15b) 27,1+23 3,012 7,205 h,501 1,00? 3,3-26 762 1,';.29 527 1,073 Other c a p i t a l accounts ..85,561, 6,ll<5 18,367 6,638 8,244 6,210 5,339 11,905 i-!,52? 5,367 rr; .<Vp * T r T .- P T T T - n ' T T ? 0 " .'-. TTrs D a l l a s SanFran. 60.4,143 2880,101 805,896 21,967 16,759 763,523 2070,333 13,359 1;5,630 16,251 42,665 88? I4I1/5I45 799,522 22u3,023 109,252 229,905 1,50JL 846,126 .115,531 510 1;77 1,157 1366,769 1513,394 531))., 184 ..6,110 6,775 17,068 11,891 10,670 28,924 1,137 1,^7 2,142 k,lk2 4,219 9,608 «-—-—-•-—•-•"---------—«^^ COITAL ACCOUNTS 4 5 , 3 6 4 , 9 9 0 251)4,603 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 3,120 .200.. Corrjiiitments t o make i n d u s t r i a l loans 6,247 — F. R. notes outstanding 25,203,319 1506,22a 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 10,979,000 4?0,000 E l i g i b l e paper 92,457 7,250 U. 3 . Govt., s e c u r i t i e s 14,878,620 1100,000 Discounts and advances Industrial loans u . s.'-Govt% s e c u r i t i e s Kans.Cy. 906,602 Total 253,805 1,091 25,413,233 11,870,402 2?5ii,091 3701,932 2812,6U? 21*19,358 7->5?,747 1391,370 1108,654 1392,61+9 153^3,365 5372,126 1,039 259 290 llfi 118 4l3 lOo 78 103 --1+96 671 1+0 — 332 4,0l>0 — 5,700,928 1700,991 2143,048 1799,122 l43ir,510 4.584,739 1125,911^591,836 450 932,111 100 262 I63 5 633,569 3000,326 3,470,000 505,000 635,000 625,000 595,000 2100,000 300,000 170,000 280,000 159,000 1700,000 27,700 6,397 — 5,635 — — 11.130 13,350 11,225 —3,700 2,300,000 1200,000 1550,000 1200,000 900,000 2500,000 903,620 425,000 700,000 500,000 lc00,000 MATURITY DISTRIBUTION aF L0L\--d .r.\<P- SECUK-ITJ^S Within 16 t o 31 uo 6l to * 91 days to 5 months 1 to 2 2 to 5 Over 15 days 30 days oO days 90 days 6 months zo • 1 year years years 5 years 95,9^2 24,515 115,750 17,593 90S 1 3 59 8 8 6 36 3,230,726 3,oo4,46o 4,995,337 4,739,724 3,067,356 3,231,91+5 3?0,400 lli3,350 531,914-0 l/ After deducting $333,731,000 participations of other Federal Reserve Banks.
@FedFRASER