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BOARD ;-0F GOVERNORS OF THE FEDERAL RESERVE SYSTEM
( R e l e a s e d f o r Publi-e-atiori F r i d a y morning., O c t o b e r y± I9I4.7)
H.li.l
O c t o b e r 2,
I9U7
C'OIvDITIOK OF THE FEDERAL RESERVE BANKS
D u r i n g t h e week e n d e d O c t o b e r 1 member b a n k r e s e r v e b a l a n c e s i n c r e a s e d
$ 2 0 3 , 0 0 0 , 0 0 0 . A d d i t i o n s t o member b a n k r e s e r v e s a r o s e from i n c r e a s e s of
$358>000",000 i n R e s e r v e -Bank c r e d i t and £ 5 * 0 0 0 , 0 0 0 i n g o l d s t o c k and d e c r e a s e s of
$ 3 , 0 0 0 / 3 0 0 i n t r e a s u r y c a s h a n d $9i|,000",00Q i n nonmember d e p o s i t s and o t h e r F e d e r a l
R e s e r v e a c c o u n t s , o f f s e t i n p a r t b y i n c r e a s e s of $ 2 5 3 , 0 0 0 , 0 0 0 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 R e s e r v e Banks a n d $ 3 , 0 0 0 , 0 0 0 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 b a n k s on O c t o b e r 1 w e r e 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 81,0iiO, 0 0 0 / 0 0 0 .
H o l d i n g s of l o a n s , d i s c o u n t s 'and a d v a n c e s i n c r e a s e d $ 3 7 , 0 0 0 , 0 0 0 and of
The I n c r e a s e i n h o l d i n g s of
U n i t e d S t a t e s .Government " s e c u r i t i e s $271]., 0 0 0 , 0 0 0 .
U n i t e d 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 i n c r e a s e s of $ 1 3 9 , 0 0 0 , 0 0 0 i n b i l l s ,
$ 1 3 0 , 0 0 0 , 0 0 0 i n c e r t i f i c a t e s and $ 5 , 0 0 0 / 3 0 0 i n n o t e s .
ges i n member b a 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 i t e m s d u r i n g t h e week
and t h e y e a r ended O c t o b e r 1 , 19U7, w e r e a s f o l l o w s :
I n c r e a s e or
since
O c t . 1,
19^7
decrease
S e p t . 2[j.,
I9U7
( I n r a i l l i o n s of
Oct. 2,
19U6
dollars)
U. 3 . Government s e c u r i t i e s
L o a n s , d i s c c u n t s and a d v a n c e s
O t h e r R e s e r v e Bank c r e d i t
22,392
158
381
+ 2Jk
27il
.+
•+
37
57
4
•.
' +
Iff
hi
-1,16-3
61
+
I4
T o t a l R e s e r v e Bank c r e d i t
Gold s t o c k
Treasury currency
22,951
21,955
1^,551
+ 3 358
58
+
5
-1,209
+1,«
+
5
• Member b a n k 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 F # R, Banks
Nonmember d e p o s i t s and o t h e r F . R . a c c o u n t s
17,031;
28,559
1,316
1,053
1,U75
++
++
l1
203
203
33
33
-
868
33
9'85
9U
-
1^7
~7
""
+
+
+
253
STATSi.:a>;T OF . 0 ONDITI ON
OF THE T^LVB • 3MJERA.L K3iEL¥E: Bilt K8 CfcM3IKED
( i n t h o u s a n d s of d o l l a r s )
I-I.iul(a)
Increase or decrease
since
October
1,
S e p t e m b e r 2lt,
A S S E T S
Gold certificates
Redemption fund for F. R. notes
Total gold certificate reservesOther cash
Discounts and advances
Industrial loans
Acceptances purchased
U« 3. Govt* securitiesj
3ills
Certificates
Notes
Bonds
Total U« S, Government
securities
20,Q17,670
705,069
20,722,739
262,218
155,653
l,89ll1,053
Total loans and securities
Due from foreign-vbanks
F. R. notes of other banks
*
Uncollected items
Bank p r e m i s e s
Other a s s e t s TOTAL ASSETS*
L I
L
IT
C A P I T A L * A C C O U N T S
Capital paid in
Surplus ( S e c t i o n 7)
Surplus (Section IJb)
Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
R a t i o of g o l d 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 P.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 foreign correspondents
19^6
1
3
+ 3,136
+ 37,007
' 7
+ 1*,Q53
+ 2,703,1*93
75.768
+2,627,725
25,09k
62,079
+
80h
*
2,617
ll*, 01+9,526
7,11*5,866
U76.800
719,690
+ 138,51*7
+ 129,950
+ 5,000
-
22,391,882
+
273,1*97
-1,162,61*6
.22,553,1*82
98
126 Ml
2,712,087
33,2J±5
50,557
+ 3il*,550
1
8,311
- 15,670
19
+ -1,127 :
-1,221,30b
+
6
+
1,277
+ 312,859
+
551
+
10,611
U6,li6o,873
+ 29li,809
+1,706,631
2k,k80,Qh0
-
9,772
2,353
17,033,881,
1,053.355
320,153
511,531
18,918,720
2,331*, 705
4203,32!*'
+253,h92
- 80,567
- 11,976
+364,273
- .59,278
+ 867,895
+ 696,122
- 376,721*
+ 163,721
+1,351,011*
+ 300,515
13,771*
U5,7 52,239
- 2,125
+293,098 •
+
193,521
139,823
27,i; 55
1*7*835
ii6,ii6o,873
+
h
559,611
371,135
196,300
35,6oo
U b
Federal heserve notes
Deposits:
Member b a n k - r e s e r v e a c c o u n t
U#S#Treasurer-general account
Foreign
Other
Total deposits
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 a c c r u e d
dividends
TOTAL LIABILITIES
Commitments'
October 2 ,
19^7
19U7
t o make i n d u s t r i a l
loans
79
+
1,632
+ 29^,309
5,1*51*
+1,651*, 630
9,222
+
+ 81^1*68
•+ '
27
- _J8,716
+1,706,631
h.Tf*
h%7?<>
3,02*9
7,39h
76
6
+
+
3,ol*9
1,130
#.Ua{b)
STATEMENT OF CONDITION. OF THE FEDERAL HESERVE BANKS ON OCTOBER 1, 19^7
(In thousands of dollars)
iiSbETS
Total
Gold certificates
Redemption fund for
E. R^ notes
Total gold certificate
reserves
Other cash
Discounts and advances
Industrial loans
Aceeptsa cos purchased
U.S^Soyt/ securities^:'
Certificates
Notes
Bonds
20,017,670
705,069
3oston
New York
727,654- 5,341,711
55.175
120,529
fhila,
Clex'-e.
Rich* Atlanta
Chicago St.Louis
975*656 1U19.005 1181,188 1074.098 4275,855. 534,502
60,472
75,196
65,219
51,556
97,581
45, m
I.inn. Kans.Cy.
469,554
22,051
Dallas SanFran.
746,520 1487,100 2755,267
55,948
25,968
52,445
20,722,759 782,809 5,462, o4o 1056,128 1U9U.201 1244,407 1125,651; 4575,436 629,615 1491,385 782,268 515,088 2787,710
11,224
6,862
10,806
10,806
U5.556
25,506
262,218
2)4,526
114,512
19,0514
39,2o4
1+5,785 12,597
11,658
13,442
2,752
1,2714
5,7)7
5,2U0
7,579
12,781
5,790
2o,797
65,095
155,655
7,778
1,868
—
26
l»89b
4,055
4*055
14,049,526 919,105 4,278,054 995,708 12214,689 757,907 607,986 1785,906 695,581 550,615 6ll4,5l48 541,905 1501,5214
7,1145,866 U98.3U8 1,675,977 li72,121 682,758 472,552 580,559 915,672 1^00,596 212,627 561,627 565,625 671,8214
25,913
65,099 26,729
114,187
2)4,129 214,596
44,827
111,694
51,502
15,555
51,517
55, 152
476,800
59,111 95.2142 l40,5U6 21,J4l5
56,1421
56,824
67,662
168,595 47,549
68,761
47,572
50,191
719,690
Total U.S. Governs*nt
securities
22,591,882 1500,896
6,252,518 1514)4,8802021,7)45 1289,548 1061,572 2887,919 1165,252
598,842 1056,725 963,750 2085,857
Total loans and
securities
22,555,482 1512,554
6,299,1466 1551,988 2029,122 1502,155 1067,162 2908,716 1176,6914
606,620 1059,457
970,024 2089,5414
4
5
9
5,765
19,557
1014,759 254,576
805
1,752
2,65l4
14,875
Due from foreign banks
98
F.h. notes of other banks
126,4147
Uncollected items *
2,712,087
Bank premises
35,245
Other assets
50,557
TOTAL ASSETS
6
2,709
2,922
1,255
3,445
1/29
20,918
545,737
8,294
11,385
8
9
5,628
6,307
192,310 268,255
3,127
5,179
2,919
5,125
5
10,788
254,955
2,641
5,331
4
14'
7,888
11,329 •16,265168,648 409,6o4 119,019
3,058
1,976
1,494
7,052
2,755
3,215
4
5
11,605
75,558
1,216
1,519
7,890
158,188
2,468
2,524
46,460,875 2551,186 12,591,654 2801;,705 5852,702 2812,792 2596,100:7757,529 1949,655 1192,548 1985,605.1607,882 5180,957
l / After deducting $69,000 p a r t i c i p a t i o n s of other-Federal Reserve Banks,
H*l*.l(c)
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANES ON OCTOBER 1;" lgltf( I n thousands of d o l l a r s )
New York
Phi l a .
Cleve.
Rich. A t l a n t a Chicago S t . L o u i s
Total
Boston
21^,1*80,0l*0 11*1*5,706 5,622,821 1652,823 2lHi,2fcl 1719,385 1399,132 1*582,091* 1103,780
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:
1.ember b a n k - r e s e r v e acct.17,035,881
U . S . T r u a s u r e r - g e n e r a l acct.1055.155
Foreign
3?0,153
Other
511,531
750,990
87,731
17,1*91li.110
5,277,338
267,51*8
1/13I*, 932
1*27,918
839,1*01 1286,255
68,831 108,799
22,01*8
25,315
1,923
10,992
769.873
68,30^
13,338
2,936
71*6,976 2551,^76
1*1*, 755 131*-, 703
11,160
37,019
i,i*56
1*, 152
Minn*. Kans.Cy.
D a l l a s SanFran.
611,561
939,702
615,817 2672,978
629,738 1*1*7,187
58,871 1*2,215
9,527
6,805
10,225
3,028
826,950
5k,028
9,527
3,393
811,1*22 2096,277
1*9,801
67,569
8,983
21|,008
805
Uo.595
Total deposits
18,918,720 860,522 6,107,736 932,203 11*31,359 85l*,l*5l 80l*,5l*7 2727,550 708,561 1*99,255 893,898 871,011 2228,1*1*7
Deferred a v a i l a b i l i t y i t e m s 2 , 5 3 ^ , 7 0 5 198,572
1*36,322 160,979 219,251;
161,1*98 550,185 110,581
95,160 215,028
62,207 122,930
Other l i a b i l i t i e s i n c l u d i n g
202,191
accrued d i v i d e n d s
780
2,722
81*1
5,260
1,195
1,896
81*8
1.882
759
18,771*
1,113
617_
TOTAL LIABILITIES
863 2365,757 ?662,3l;9 1923,363 1173,620 1957,289 1582,836 5118,355
1*5,752,239 2505,713 12,172,139 271*7,193 3766,750 2776,890
Capital paid i n
11,232
18,810
193,521
23,123
6,31*1
1*,267
6,1*68
8,165
7,218
17,968
68,175
11*,313
7,1*1*5
Surplus ( S e c t i o n 7)
1*39,823
20,676
27,557
18,663
65,078
16,577
10,997
15,729
15,777
58,106
156,51*9
31*, 720
1*1,391*
Surplus ( S e c t i o n 13b)
762
3,012
1,507
2,ii;0
l,ii29
521
1,073
1,137
27,1*55
1,007
3,525
7,253
1**1*89
Other c a p i t a l accounts
3,672
2,71*1*
U.588
5,350
2,831
2
,
3
9
1
2,982
1*7,835
l*,7i*i
5,756
3,1*75
7,51*0
5,985
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
1*6,1*60,873 2551,186 12391,651* 2801;,705 3332,702 2812,792 2396,100 7757,329 191*9,633 1192,31*8 1983,605 1607,882 5180,937
Contingent l i a b i l i t y on b i l l s purchased
for f o r e i g n c o r r e s p o n d e n t s
3,!;09
2/976
125
76
101
268
107
107
21*7
283
195
11*9
1*15
Commitments t o make i n d u s t r i a l
loans
7,39l*
76
580
29
3,750
1*27
888
1,1*91
153
F.R. n o t e s o u t s t a n d i n g
25,218^272 1502,213 5,767,11*5 1701,767 2177,111 1761,930 11*1*6,515 1*637,671* 111*7,165 623,722
962,21;9 61*1,720 2798,355
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
11,838,000 14*0,000 3,1,70,000 515,000 695,000 560,000 1*75,000 2850,000 300,000 18l*,000 280,000 169,000 1900,000
E l i g i b l e paper
97,250
9,750
1,700
1,111
51,355
2,850
11,035
12,1*09
7,0i*0
U,S,Govt. s e c u r i t i e s
13,881,570 1100,000 2,1*00,000 1200,000 150C000 1220,000 1000,000 1900,000 911,570 1*50,000 700,000 500,000 1:00,000
MATURITY DISTRIBUTION OF LOANS AliD SECURITIES
6 months
1 to 2 2 to 5
Over
61 t o
16
to
31 t o
91 days t o
within
years
years
to
1
year
5
years
30
days
Total
6
months
60 days
15 days
90 days
Discounts and advances
128,610
11
2,901
155,655
5,773
18,352
_.
I n d u s t r i a l loans
1,350
25
—35
2
— , &
"Acceptances p u r c h a s e d
1,578
... 1*,053
"
"
7
6
-l,32f
673
255,150 1*27,51*0
5,207; 612
•1*3.Govt* s e c u r i t i e s
52 ^ 14,001,293
22,391,882 J*J^V/ A?tor*deducting $l8^&9b,O00 ];,5l9,663^.
participations'of other Federal Reserve Ranks*
2 / After deducting $ 2,075,000 participations of other Federal Reserve Banks.
@FedFRASER