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BQA.RD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 2k,l9h7) (Released for Publication Friday morning, October H.I4.I October 27; $ I9I4.7 CONDITION OF THE FSDERA.L BSSBKVE BAMS During t h e week ended October 22 member bank r e s e r v e b a l a n c e s decreased $192,000,000. Reductions i n member bank r e s e r v e s a r o s e from a d e c r e a s e of $il59,000,000 i n Reserve Bank c r e d i t and i n c r e a s e s of $13,000,000 i n T r e a s u r y cash and $109,000,000 i n noninember d e p o s i t s and o t h e r Fedora 1 Reserve a c c o u n t s , o f f s e t i n p a r t by d e c r e a s e s of $228,000,000 i n Treasury d e p o s i t s w i t h F e d e r a l Reserve Banks And $87,000,000 i n money i n c i r c u l a t i o n and an i n c r e a s e of $72,000,000 i n gold s t o c k . Excess r e s e r v e s of member banks on October 22 were e s t i m a t e d t o be approximately $980,000,000. Holdings of l o a n s , d i s c o u n t s and advances decreased 021,000,000 and of United S t a t e s Government s e c u r i t i e s $l;46 5 000,000. The d e c r e a s e 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 $3-'t-9>030,000 i n b i l l s and $100,000,000 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 $3,000,000 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 the y e a r ended October 2 2 , lyhl * were as f o l l o w s : I n c r e a s e or d e c r e a s e since October 2 2 , October 15, I9h7 October 2 3 , 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 21,772 127 hh9 « + W16 21 Total Reserve Bank c r e d i t Gold s t o c k Treasury c u r r e n c y 22,3)48 22,225 u,552 + + ^59 72 l - 1,288 + 1,837 + 6 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 Treasury cash Treasury d e p o s i t s w i t h F. R# Banks Nonmembur d e p o s i t s and o t h e r F.R.accounts 17,037 28,569 1,337 + + 192 87 13 228 109 + 1,25s 608 i,57U a - l,28h 122 + 118 16 + + 933 239 7 . STATEMENT OF CONDITION OF TIE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) . H.!ul(a) I n c r e a s e or d e c r e a s e since ASSETS Gold c e r t i f i c a t e s Redemption fund f o r i\ B.# 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* securitiesi Bills Certificates Notes Bonds Total U, S # Government securities Total loans and securities Due from foreign banks F# R. notes of other banks Uncollected items Bonk premises Other a s s e t s TOTAL ASSETS October 23 19U6 . October 22, 19^7 October 15, 19^7" 20,201^,670 691,700 + 75,000 - 3,61i8 2Q,976,i* 50 255,133 12*4,707 1,910 2,122 + 71,352 + 9,220 -••21,23U l3,561t,08U 6,999,1466 500,300 707,690 -3l*8,7U8 --99,500 + 3,000 21,772,3140 •Ui5.2it8 -1,283,317 21,901,159 95 130,756 2,967,2214 33,2714 53,928 -1*66,81*2 -1,1*03,590 3 + 5,358 ^91,929 + 29 + 1,11*0 + + + + * U6,313,019 -871,675 +1,971,782 214,1*91,686 - 61,695 60,582 17,037,1410 607,562 1417,092 1*76,563 18,568,627 -191,512 -228,168 +111*. 782 - 8,238 +1,258,050 + 238,316 80,205 + 39,032 -313,136 2,520,11*3 -5OCI4I46 +1,1*1*7,993 '+ 521,1*60 20,761* l*5,6oi,22o + 137 _-675,iliO + 8,0l*2 +1,916,913 3o0 +2,839,21*1* - •' 86,338 +2,752,906 27,3U6 - 123,270 + 075 '+ '2,122 - 570,382 - U75,535 - 189,000 1*7,600 3 1*,3W4 637,7143 590 7,152 L I A B I L I T I 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 . a c c o u n t U.S«Treasure r~gene r a 1 ace ount Foreign Other Total d e p o s i t s 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 TOTAL LIABILITIES C A P I T A L ACCOUNTS C a p i t a l paid i n Surplus ( 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 a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio 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 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 Commitments t o make i n d u s t r i a l loans 193,791 1439,823 27,U55 55,730 146,318,019 +' I4I + 3,1*21* -871,675 + 8,986 + 81,1*68 + 27 35,612 +l,97l,'782 5.0% 3,oi*6 7,3li5 + + 10 19 568 1,157 lUul(b) ST^TEIiENT OF CONDITION OF THE FEDERAL RESERVE BANKS OK OCTOBER 2 2 , ( I n thousands of d o l l a r s ) lylfl S S B T S Total Gold certificates Redemption fund for F. R. notes Boston Hew York 20,28U,67O 719,835 5,522,981 691,780 5U,839 118,999 Phila. Cleve # Rich* Atlanta Chicago St # L6uis 9^2,222 13U9,337 1166,569 1106/731; ^ 0 3 , 9 6 7 59,9^8 7k,718 63,185 hlAQh 97,069 Minn. Kans.Cy. 599,221 i|68,U02 Wi,989 22,998 756,913 35,81+0 D a l l a s San Fran* ^79,1602769,329 25,890 52,101 •# Total gold certificate reserves Other cash Discounts and advances Industrial loans acceptances purchased U. S. Govt, securitiesr Bills Certificates Notes Bonds 20,976,1*50 llhr6lk 255,153 25,260 121;, 787 9,105 1,910 — 2,122 — 5,6itl,980 1002,170 lli2U,055 1229,75U 11^7,913 i;501,056 l*U,6l3 1U.U30 21,61*7 Hi,599 21,165 37,35U 2U.U95 21,019 10,369 9,721 5,860 6,582 — 1,871 — 59 2,122 T o t a l U. S. Govesrnment securities 2l,772,5Uo 1U87.933 5,929,125 1520,112 2006,081 1276,809 1052,869 2726,1*27 n6o,8Uo 586,675 1015,670 959,620 201*9,881 T o t a l loans and securities 21,901,159 iii97,056 5*956,01-2 151*5,002 2oi6,U'50 1286,569 1058,729 2752,809 1175*31*8 591,661 1027,102 962,621; 2055,787 ioie from f o r e i g n banks -95 F.R. n o t e s of o t h e r banks 150,756 U n c o l l e c t e d items 2,967,221* Bank premises 55,271* Other a s s e t s 55,928 PCTAL ttSSBTS 6 1*,261* 2^5,187 1,255 5,956 l/26 2 ? , 118 577,277 8,29!* 11,852 8 6,1*75 210,5u5 5,ll*2 3,210 9 7,21*0 285,755 5,186 5,528 5 12,1*1*1 266,026 2,61*8 5,^1 1 * 1 1 * 10,80l* 16,685 175,822 l;l*6,12l* 1,1*93 3,059 5,155 7,152 &*l*,2io 1*91,1*00 792,755 11,889 6,155 8,827 12,508 1*,988 11,1*32 1* 9,157 135,900 1,976 3,2QU 5 10,755 81,925 1,216 1.518 505,050 2021,^30 10,511 58,885 3,00l* 5,906 1* 3 8,850 1*,222 ll*9,0C9 125,190 2,^68 805 2,528 2,806 9 17,789 268,1*88 1,752 5,608 1^6,518,0192551,658 12,262,202 2782,980 3765,650 2815,583 2^19,070 77ii*,25l 1979,758 1181;, 609 1991^51*1 1611,011 5209,726 l / A f t e r d e d u c t i n g $69,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. H.l*.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 2 2 , I9U7 ( I n thousands of d o l l a r s ) New York Phila. Cleve. Rich, A t l a n t a Chicago S t . L o u i s Total B.oston Minn. Kans.Cy, 21*,1*91,686 11*1*1,660 5,602,418 161*8,350 2107,911 1736,058 1399,099 4588,612 1121,840 617,883 938,125 L I A B -I L I D a l l a s SanFran. I E 3 622,692 2667,038 F e d e r a l "Reserve n o t e s Deposits: Member b a n k - r e serve a c c t . 17,037,410 73l*,l65 5,277,177 833,706 1260,388 747,11*6 749,328 251*3,695 634,460 441,380 845,840 802,911* 2117,213 31,769 54,713 U . S . T r e a s u r e r - g e n e r a l a c c t . 607,562 - 1*3,123 1*3,512 27,642 32,71*5 -120,723 35,775 44,859 49,904 51,148 73,644 12,781* 3li,il*5 9 , 6 8 5 13,559 x^'oreign 13,559 4i*7i.092 2i*,86l* 1/183,537 31,379 36,028 18,983 15,883 52,686 1,630 3,013 155 1,693 40,06!* Other 1*76,563 - 4 , 5 3 8 . - -402,078 1,891 7,971 1,992 2,j*08 4,130 Total deposits 18,568,62? 856,690 5,983,520 900,7511349,21*6 818,025 818,767 2674,153 699,544 1480,337 39$,299 81*9,160 221*6,135 133,622 112,980 230,693 41*7,812 171*, 607 239,971* 22i*,220 169,695 332,698 130,802 Deferred a v a i l a b i l i t y items 2,520, ll*3 206,103 66,937 Other l i a b i l i t i e s i n c l u d i n g 732 81*0 1,675 6,811 1,285 2,009 975 350 2,971 accrued d i v i d e n d s 20,761* 1,11*8 53U TOTAL LIABILITIES 2*5,601^220 2505,601 12,040,561 272I*,993 3699, HiO 2779,278 2388,1*11 761*8,1*34 1953,070 1165,691 1961*,828 1585,672 511*5,541 C a p i t a l paid i n 193,791 11,233 68,334 1U,317 16,819 3,175 7,1*1*7 23,11*6 6,31*3 4,274 6,1*77 7,225 18,001 Surplus ( S e c t i o n 7) 1*39,323 27,-57 136,549 34,720 1*1,394 20,676 18,663 65,078 16,577 10,997 15,729 13,777 38,io6 Surplus ( S e c t i o n 13b) 27,455 3,012 7,253 4,139 1,007 3,325 762 1,1*29 521 1,073 1,137 1,307 2,il*o Other c a p i t a l a c c o u n t s 5,290 4,129 5,767 6,161* 5,21*7 2,57U 3,370 3,030 5,938 t.235 9,505 U.U61 55.75C J±X TOTAL LIABILITIES All 1*6,318,019 2551,633 12,262,202 2732,930 3765,650 2815,533 21*19,070 7744,251 1979,753 1131*,609 I99l,5lil 1611,011 5209,726 CAPITAL ACCOUNTS Contingent liability on bills Durchased 268 100 76 107 107 for f o r e i g n c o r r e s p o n d e n t s 3,Ol;6 125 1U9 2/ 97$ 21*7 283 195 Commitments t o make i n d u s t r i a l 150 77 1*27 28 580 — 3,750 p,»31 1,1*52 loans ?,3U5 r\ R. n o t e s o u t s t a n d i n g 25,231,9J4.2 1501,599 5,768,131 169S,619 2168,098 1780,32-5 11*1*6,349 468l*,ll6 1162,951 630,11*8 962,893 651,179 2777,501* 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. AgentsG-old c e r t i f i c a t e s 12,278,000 1*1*0,000 3,1*70,000 515,000 695,000 600,000 725,000 2,850,000 300,000 134,000 260,000 169,000 2050,000 2,430 — — 11,125 4,000 10,050 E l i g i b l e paper 7t 7Q5 8,755 17,320 68,51*0 6,575 U.S.Govt, s e c u r i t i e s 13,650,000 1100, :oo= 2,1*00,000 1200,000 1500,000 1200,000 750,000 1900,000. 950,000 1*50,000 700,000 500,000 1000,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Over 6 months 1 to 2 2 to 5 16 .to Within 61 t o 31 t o 9 I days t o years years 5 years to 1 year 15 days Total 50 days 90 days 60 days 6 months 11 Discounts and advances 1,907 35/593 79,ol*6 3,275 4,955 121*, 787 302 109 I n d u s t r i a l loans 26 x9 .511 1,910 1,355 25 Acceptances p u r c h a s e d 2,122 750 589 733 255,150 1*27,540 U. S. Govt, s e c u r i t i e s 1,676,313 2,1*00,662 1*, 020,393 2 1 , 7 7 2 , 3 4 0 2,951*, 157 2,200,702 1*,337,423 1/ After deducting $263,1*32,000 participations of other Federal Reserve Banks. 2 / After deducting $ 2,071,000 participations of other Federal Reserve Banks.
@FedFRASER