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Form F. R# 283 STATEMENT FOR THE PRESS Released for publication Friday morning, Oct. 20; not e a r lie r. Board o f Governors o f the Federal Reserve System October 19, 19^ CONDITION OF THE FEDERAL RESERVE BANKS During the week ended' October 13 member bank reserve balances increased $106,000,000. Additions to member bank.reserves arose from increases o f $292,000,000 in Reserve Bank c r e d it , and $3*900,000 i n stock and a decrease o f $i|,000,000 in treasury cash, o f f s e t in part by increases o f $ 53 , 000,000 in money in c ir c u la t io n , $ 10 )4 , 000,000 in Treasury deposits with Federal Reserve Banks and $30,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves o f member banks on October 18 were estimated to be approximately $900 , 000 , 000 , ' ' There was an increase o f $71,000,000 in holdings o f United States Govern ment s e c u r it ie s : c e r t i f i c a t e s increased $7 1 , 000,000 and notes $2 , 000 , 000 , while b i l l s decreased $2 , 000 , 000 « Changes in member bank reserve balances and related items during the week and the year ended October 1 0 , Ijkh* were as fo llo w s : Increase or decrease since Oct. 18, I 9 UU ^ ct . 1 1 , 1944 Oct. 20 1943 (In m illion s o f doll, ars) U. S. Govt. s e c u r i t i e s ( i n c l . guar, s e c .) Loans, discounts and advances Other Reserve Bank c r e d it 17,037 l9h 51U *■ 71 + 37 + 184 - + 3,173 + 171 + 70 Total Reserve Bank cre d it. Gold stock Treasury currency 17,795 2 0 ,72 3 It,nli + 292 + 3 + l + 8,415 - i,4o4 + 13 Member bank reserve balances Money in c ir c u la t io n Treasury cash Treasury deposits with F. H. Banks Nonmember deposits and other Ff R#accounts • 13, 811; 2l;,157 2,362 315 1,983 + 106 + 58 4 + 104 + 30 + 1,312 + 5,138 + 73 215 + 210 Foma F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS-® OCTOBER 18, 1944 (In thousands o f d o lla r s ) Total Boston New York Phila. Cleve . Rich. Atlanta Chicago 3 t#Louis Minn. Kans.-Cy. 20,563,988 .1312,889 4,564,468 1353,306 1806,108 1393,019 1201,38 5’ 3736,318 873,024 457,296 754, ¿ 2 L H B I L I I ISS Federal Reserve notes D eposits: ¡¿ember bank-re serve a cct. 13,814,484 659,419 4 , 509,852 675,^99 1079,805 583,341 579,520 U»>L.Treasurer-general a cct. 315,382 27,910 20,607 11,974 22,455 74,935 19,957 Foreign 38,200 1, 238,113 84,o4i 1/ 478,392 109,824 106,243 47,750 Other 3,262 3.290 261,067 . 6,056 9,871 359,795 2,943 Total deposits 15,727,774 769,205 5,324,246 803,553 1223,829 654,960 639,620 Deferred a v a ila b ilit y items 1,593*417 124,052 91,181 316,124 ioo,462 160,559 124,991 Other l i a b i l i t i e s including accrued dividends 981 10,151 734 585 943 1,149 2,449 TOTiiL LIABILITIES 37,395,330 2207,127 10,207,237 2258,055 3191.S45 2173,555 1933,629 Capital paid in 160,255 16,302 6,436 5.784 9,998 58,434 12, 15k Surpjus (S ection 7) 70,012 13,206 5,236 16,026 188,097 5,725 17*359 Surplus (S ection 13b) 7,092 26,965 4,421 3,290 2,874 1,007 7ii9 Other ca p ita l accounts 5,756 5,450 6,430 6,467 23,091 11,145 95,979 TOTAL LIABILITIES AND CaPITAL ACCOUNTS 38,366,626 2238,655 IQ.365.916 2293,956 3236,125 2194,947 1951,643 Commitments to make in dustrial loans — — 50 4,819 2,377 275 715 F.R.notss outstanding C olla tera l fo r F.R.notes held by F.R,Agentss Gold c e r t ific a t e s E lig ib le paper U.S.Govt, s e cu ritie s 508,010 309,342 15.685 12,119 37.006 26,262 10,505 2,331 640,525 21,359 34,619 3,735 2260,739 249,127 571,206 350,054 70,552 35,170 700,738 92,904 998 11, 332,000 174. 595 10,216,633 567,480 1629,523 31,087 20,434 34,619 93,133 50 ,504 2,744 625,327 1804,247 61,275 167,020 461 445 303 799 342,823 1548,645 1196,256 4523,490 5,166 13.456 5,019 3,4*74 3.669 4,831 4,554 14*159 2,129 1,000 1,137 1.307 4,656 4,110 4,512 6,344 6358,583 1531,064 855.478 1564,158 1211,523 4559.578 — 50 — — 907,243 464,718 1.352 774,544 537,863 2648,448 640,000 802,000 015,000 615,000 2610,000 475.000 220,000 300,000 236,000 17.7 4,000 240 8,000 11,000 50 7,650 '-»J 315,000 1000,000 500,000 750,000 1050,000 825,000 650,000 1287,600 479,033 250,000 ¡¿ATURITY DISTRIBUTION OF LOaNS AND SECURITIES 1 to 2 2 to 5 Over 6 months, 91 days to 31 tc 61 to 16 to 5 years years years to 1 year 6 months 90 days 60 days 30 days 600,000 2,445,000 4,800 142,055 810,000 2 , 300,000 Within 15 days 185,595 8,506 304 6297,732 1515,086 18,966 5. 0Ó6 26,490 6.330 530 1,429 13,966 4,052 21,158*529 1345,482 4,727,563 1390,974 1851.870 1419,035 1240,832 3849,957 Total Discounts and advances Industrial loans U.S.Govt, se cu ritie s ( in c l. guar, s e c .) 2072,968 36,310 148,024 3,487 Dallas San Fran. 509,209 2551,424 170,540 7,818 17, 086,725 2, 238,249 59O 335 12,890 I92 1, 716,268 4, 102,575 3, 515,026 1,575 2 1 / .after deducting $759,221,000 45 22 61 82,200 1,577,371 2,1 0 9 ,6 4q p a r tic ip a tio n s o f other Federal Reserve Banks 31 888,602 856,794 F o m .e . R. 285a Released fo r p u b lica tio n Friday morning, October 20,191+1+} not e a r lie r , S T A T E M E N T O F T H E T W E L V E ( I n O F F E D E R A L t h o u s a n d C O N D I T I O N R E S E R V E s o f . d o B A N K S l l a r s C O M B I N E D ) I n c r e a s e o r s i n d e c r e a s e c e Oct. 13, ' :l9kk Oct. 11, 191+1+ Oct, 20, 191+3 18, 029,565 550,1+22 .. 254,216 18,911;,205 - 9,000 + 8,607 + 12, ¿4.I+O 185,595 8,506 + 37,1+00 506 -l,8 1 in l5 0 + 1+07,11+2 71+, 575 -1,1481,585 + 175,070 5,366 "11,095,958 5,675,990 1,075.571 l,2U3,U26 - .2, 051+ + 71,.000 + 2,000 — +5»90l+,768 +2,175,91+0 + 585,1+71 - 295,81+1 17, 086,725 + 70, 91+6 +8,172,558 17,280,826 +107,31+0 +8,3l+l+,0l+2 156 72,907 2,107,61+0 3l+,l+66 56,14+0 + 5,005 +1462,722 1 + 287 + 9 6,255 + 2^1,502 5,989 1,526 53,566,626 +585,898 +7, 092,002 20,565,988 . + 65,111+ . .+5,119,1410 15,'811;,l|8l+ 515,582 • 1,258,115 • 359,795 +106,655 +1014,872 + 16,955 + 12, 706, +1,812,277 - 215,055 25,695 .+ 185,057 15,727,771+ 1,595,1+17 +2U1.16U +278,112 +1,758,581+ + 170,518 10,151 57,895,550 + 562 +5814,952 + 5,255 +7,051,767 - + 9,976 + 27,686 + 156 + . 2,1457 +7, 092,002 ASSETS Gold c e r t ific a te s on hand and due from U*S, Treasury Redemption fund - F.R. notes Other cash Total reserves Discounts and advances Industrial loans U. S, Govt, secu rities» B ills C ertifica tes Notes Bonds Total U, S, Govt, secu rities ^ in c l, guar, s e c .) Total loans and secu rities Due from foreign banks F,R,notes o f other banks Uncollected items Bank premises Other assets TOTa L ASSETS + 12,01+7 L I A B I L I T I E S Federal Reserve notes Deposits; Member bank-reserve account U,S,Treasurer-general account Foreign Other Total deposits Deferred availa bity items Other l i a b i l i t i e s including accrued dividends TOTa L LIABILITIES C A P I T A L ACCOUNTS Capital paid in Surplus (Section 7) Surplus (S ection 15b) Other capital accounts T O T A L L I A B I L I T I E S A N D C A P I T A L A C C O U N T S Ratio o f to ta l reserves to deposit and F, R, note l i a b i l i t i e s combined Commitments to make industrial loans 160,255 188,097 26^965 •95,979 , 58,566j626 51*895 i + , 8 1 9 + — — . 21. 967 +585,898 + .l+fo 1+71 - 17.2# 5,018 Form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE. BANKS ON OCTOBER 18, I 9JUU (In thousands o f d o lla r s ) ASSETS Total Boston New York Gold c e r t ific a te s on hand and due from U.S.Treasury 18, 029,565 370,929 Redemption fund-F.R,notes 530,422 • 38,842 Other cash 254,216 20,951 4,527,072 115,931 62,667 Total reserves Discounts and advances Industrial loans U* S* Govt, s e c u r itie s : B ills C e rtifica te s Notes Bonds 18,824,203 930,722 185,595 8,506 4,800 1,455 142,055 99 11, 093,938 3, 673,990 1, 075,371 1, 243,426 889,975 155,273 45,448 52 , 551 2 , 928,366 1,284,814 376,063 434,832 Phila. Cleve. Rich. 980,084 1279,131 37,770 52,935 19,816 21,592 902,334 44,419 12,629 7,650 3,601 3,370 330 850 154 808,415 1307,120 190,134 211,648 55,651 61,949 64,349 71,630 801,997 159,778 46,767 54,075 Atlanta Chicago St.Louis 387,034 3, 679,581 32,094 67,153 19,129 33,843 5,130 24 652,981 132,997 38,927 45,011 2,350 Minn. Kans.Cy. Dallas San Fran. 774,263 379,433 33,172 12,647 12,252 5,023 8,000 612,205 24,089 12,879 486,126 2651,368 15,574 55,796 7,897 25,538 649,173 509,597 2732,702 11,000 240 25 985,313 756,865 221,533 ¿56,153 330,434 308,713 163,956 53,247 47,991 15,585 55, £90 18,021 612,853 110,268 % >2P 37,319 150 — 475,681 83,121 25,793 29,824 — 2,828 992,090 366,889 107,389 124,171 Total U#S*Govt* s ecu rities ( in cU guar, s e c .) 17,086,725 1143,247 5,024,075 1118,549 1652,347 1062,617 869,916 2, 219,864 597,871 395,566 792,715 619,419 1590,539 Total loans and se cu ritie s 5, 166,219 1129,800 1656,047 1063,621 875,070 2,222,214 605,871 406,566 792,980 619,569 1593,367 17, 280,826 1149,502 Due from foreign banks 136 F.R. notes o f other banks 72,907 U ncollected items 2,107,648 Bank premises 34,466 Other assets 56,44o TOTAL ASSETS 38,366,626 10 1,588 152,410 1,624 2,799 1 /4 9 HT, 853 454,145 8,943 16,037 12 2,119 123., 019 3,492 2,844 12 3,363 214,881 4,129 4,035 6 6,238 159,727 2,873 3,100 2238,655 10, 365,916 2298,956 3236,125 2194,947 4 5,016 112,156 2,680 2,109 4 3,608 76,176 924 1,645 11 11,439 213,298 1,966 6,795 1951,643 6,358,583 1531,064 855,478 1564,158 1211,523 4559,578 4 7,638 126,395 1,621 2,658 17 10,347 332,097. 2,896 10,435 4 5,o48 95,670 ¿,059 2,720 3 1,650 47,634 1,259 1,263 l / A fte r deducting ?p37,000 p a r tic ip a tio n s ’ o f other Federal Reserve Banks.;
@FedFRASER