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EOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.l;*l October 27, I9h9 (For Immediate Release) CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 26 member bank reserve balances decreased $307,000,000* Reductions in member bank reserves resulted from a decrease of $321.1,000,000 in Reserve Bank credit and increases of $57,000,000 in Treasury deposits with Federal Reserve Banks, $21,000,000 in noninember deposits and other Federal Reserve accounts, and $3*000,000 in Treasury cash, offset in part by a decrease of $99,000,000 in money in circulation* Excess reserves of member banks on October 26 were estimated to be approximately $810,000,000* Holdings of loans, discounts and advances increased $16,000,000 while holdings of United States Government securities decreased $263,000,000. The change in holdings of United States Government securities reflects a decrease of $259,000,000 in bills and $1^,000,000 in certificates* Changes in member bank reserve balances and related items during the week and the year ended October 20, 19<U9 were as follows: Increase or decrease since Oct* 26, 191+9 Oct. 19, 19li9 Oct. 27, 19^8 (In millions of dollars) Loans, discounts and advances Other Reserve Bank credit 17,1+03 139 291 -265 + 16 - 77 -5,839 - 162 + 58 Total Reserve Bank credit Gold stock Treasury currency 17,333 2k, 582+ k,59l -32U ~ 1 -5,96k + 588 + 16 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F, R. Banks Noninember deposits and other F« R. accounts 16,098 27,328 1,313 31k 1,895 -307 - 99 + 3 + 51 + 21 -5,862 - 765 9 -1,150 + k2k H*U.!(*) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COH/IB INED (In thousands of d o l l a r s ) I n c r e a s e or d e c r e a s e since Oct. 26 19**9 A S S E T S Gold certificates Redemption fund for F* R. notes Total gold certificate reserves 22,77ii,U3l 5U5.887 23,320,318 Oct. 27 19U8 Oct. 19 19U9 - 1,998 2,667 U,665 + + 676,000 85,073 590,927 Other cash 279,0143 + 12,369 + 1,571 Discounts and advances Industrial loans U% S. Govt* securities: Bills Certificates Notes Bonds Total U, S» Government securities 137,837 969 + 15,921** + 18 162,1*77 167 17,UC3,12U •262,500 Total loans and securities Due from foreign banks F. R* notes of other banks Uncollected items Bank premises Other assets 17,51U,930 35 127,096 2,556,203 32,965 12^,386 -2l|6,558* - 6 , 0 0 1 , 5 2 2 lii 23,801 + 10,385 -1*75,566* 3k + U,989 70,372 1*3.981,976 -699,080 -5,612,510 23,192,1*1*6 - 76,262 - 16,098,000 373,5U1 613,617 5U9,701 17,63U,859 2,265,356 -307,087 + 56,651* + 38,032 - 16,757 ^29,158 -393,31*3 -3,861,966 -1,150,831 + 173,063 + 102,691* -h, 737,01*0 - 11*7,571* 12,881* i*3.l05,5U5 + 3,79**, 921* 5,771,900 298,100 7,538,200 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 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 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 Contingent l i a b i l i t y on a c c e p t a n c e s purchased for foreign correspondents Commitments t o make i n d u s t r i a l loans * October 19 f i g u r e s 207,175 1*66,711 27,51*3 175,002 1*3,981,976 57.19S 3,153 1,877 revised -258,500 - 1 , 7 2 3 , 2 2 7 - 1; ,000 - 390,169 581,000 -3,litii,ii82 -5,838,878 109 ; >m 806,1*65 970 -=WT&5 50 3,663 -699,080 2,1*01+ -5,693,U83 + + 7,158 18,522 + 55,293 -5,612,510 M 90 7 8.1# + - v 1,1*79 t*,l95 H.4.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 2 6 , 19I+9 (In thousands of d o l l a r s ) A S S E T S Total Boston 22,774,431 855,739 545,887 50,068 Total gold c e r t i f i c a t e reserves 23,520,518 905,807 Gold c e r t i f i c a t e s New York Phila, Cleve. Rich. 7,552,626 1135.441 1589,145 1099,990 Atlanta Chicago S t . L o u i s 979,623 14416,527 Minn. Kans.Cy. 697,300 443,105 1+5,190 22,1+1+5 54,969 740,1+90 1+65,550 859,595 D a l l a s SanFran. 801+.1+26 651,1+19 2721,092 Redemption fund f o r F. R. notes 1+2,571 1+5,158 60,060 52,61+6 1+0,516 85,888 7,595,197 1228,599 161+9,205 1152,656 1020,159 14500,1+15 Other cash 279,ol+5 51,077 50,1+65 15,960 25,806 19,314 19,580 36,690 ll+,398 Discounts and advances 157,857 6,668 55,ol+l 7,958 25,167 11,734 4,555 ll+,l+80 9,596 I n d u s t r i a l loans 969 836 1 89 U. S. Govt, s e c u r i t i e s : Bills 3,794,924 261,801+ 899,359 258,503 350,010 245,625 205,1+57 566,267 205,085 Certificates 5,771,900 598,195 1,567,882 593,170 532,548 570,558 509,450 861,265 511,926 Notes 298,100 20,565 70,61+7 20,506 27,1+94 19,157 15,982 44,1+82 16,110 Bonds 7,538,200 520,01+5 1,786,1+78 515,487 695,256 1+85,950 1+04,145 H2l+,828 1+07,579 6,003 2,150 1+3 11,565 7,206 122,855 185,555 186,854 279,174 9,650 14,1+19 21+4,034 364,608 27,551 43,025 658,7702764,117 15,667 l+,l+28 56,722 12,854 l61+,ll+9 556,261 21+9,661+ 511,456 12,894 26,l+ll+ 526,065 667,945 T o t a l U.S.Government securities 17,1+05,124 1200,607 i+,124,566 1185,1+66 1605,108 1117,228 933,031+ 2596,81+2 940,500 565,5?! 81+1,754 752,772 1542,056 17,541,950 1207,275 4,157,1+07 1194,260 1628,276 1129,051 957,589 2611,522 950,096 565,584 848,960 5 17,1+19 1 7,089 1 5,185 1 8,025 1 6,096 5 18,782 162,1+81 408,025 211,718 T o t a l loans and securities Due from f o r e i g n banks F . R . n o t e s of o t h e r banks Uncollected items Bank premises Other assets TOTAL ASSETS 2 12,2i+7 757,200 1554,910 55 127,096 2 7,881 l / 11 21,177 5 4,187 5 6,781+ 2 12,221+ 2,556,205 19l+,589 1+70,707 157,002 255,860 222,670 154,679 76,576 144,200 117,898 52,965 1,12+3 7,927 2,998 4,733 2 .1+81+ 1,530 3,l67 1,906 1,155 2,51+6 726 2,852 12l+,586 8,728 28,727 8,210 11,598 7,857 6,527 19,505 .7,770 5,856 ._§_/?&£ 5,317 10,747 1+5,981,976 2556,502 12,151,616 2609,219 5562,265 2546,218 2160,095 7596,51+6 1876,1+29 1125,908 1860,051+ 1559,675 4599,851 l/ After deducting $2l+,000 participations of other Federal Reserve Banks. Hsii.l(c ) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 2 6 , 191+9 ( I n thousands of d o l l a r s ) Total Boston New York Phila. Cleve. Rich. A t l a n t a Chicago St.Louis Minn. Kans.Cy. 23,192,1+1+6 1367,095 5,308,873 1592,01+9 2028,705 1571**1*81 1271,922 1+1+72,1*31 1073,715 6 l o , i U 7 907,931 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• Ilember b a n k - r e s e r v e a c c t . 16,098,000 U.S. T r e a s u r e r - g e n e r a l acct. 375,51+1 Foreign 615,617 Other 5ii9,701 Total deposits I7,63ii,859 Deferred availability items 2 , 2 6 5 , 5 5 6 other liabilities including accrued dividends 12,881* TOTAL LIABILITIES 1+5,105,51+5 capital paid in 207,175 ou-rp lus (Section 7) 1+66,711 • urplus (Section 13b) 27,51*3 Jther capital accounts 175,002 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+3,981,976 '»r.'i ; n^^nt liability on acceptances purchased for foreign correspondents 3,153 • omn>i imyntri to make industr ial loans 1,877 :'.R. notes outstanding 23,970,663 Collateral for F.R, notes held by F.R. Agents. Gold certificates H+,279,000 Eligible paper 30,373 U.S. Govt, securities 10,800,000 Discounts and advances [ n d u s t r i a l loans J.S. Govt, s e c u r i t i e s Total 137,837 17,1+03,121+ Dallas 623,175 SanFran, 2561,9211 675,21+7 33,91+9 58,222 li, 166 5,398,812 ,67,108 1/198,611; 1+90,971 7l+2,50l+ 1165, oi*o 25,721 3ii,200 1+8,536 55,817 1,225 U,65U 66o,85l+ 25,1+59 29,728 2,190 657,1+39 2525,537 25,1+85 59,718 2l+,875 83,725 83k 2,9l+5 581,1+12 21,988 21,81+1 5,820 387,1+60 16,267 15,168 1,329 7Ul,013 19,101+ 2i,8U 896 71+1,828 21,235 596 181+1,05I+ 39,110 51*. 015 31;, 075 751,581; 180,811 6,155,505 1+03,068 817,786 1259,711 129,768 191,955 716,231 208,365 683,633 2651,925 160,066 3l;9,227 631,061 136,090 1*20,22i+ 69,259 782,851; 15I+, 507 791,091 111,993 1968,251+ 190,21+7 69h l+,007 512 377 1+79 521 1,051 2500,181+ 11,871,1+53 251+0,289 51+81,798 21+99,698 2 1 2 1 , 1 5 8 71+75,595 181+1,578 1 1 0 0 , 0 0 7 1825,771 1526,778 8,351* ll+,95l+ 1,507 8,282 1+521,1+56 19,895 1+0,655 2,11+0 15,707 2556,502 12,151,616 2609,219 5562,265 251+6,218 2160,095 7596,31+6 1876,1+29 1125,908 1860,05!+ 1559,675 1+599,851 11,527 29,31+7 3,011 12,255 71,011 11+3,019 7,319 38,811+ 686 15,012 36,701+ i+,1+89 12,725 1,1+27 19,553 1+3,968 1,006 16,138 290 621 9,162 22,1+17 3,31+9 11,592 517 8,ll+o 20,028 762 10,027 2,012 26,080 68,81+2 1,1+29 2l+,l+00 6,835 17,971+ 521 9,721 k,57k 11,797 1,073 6,1+57 27,1J32 7,232 17,008 1,157 8,906 111; 79 ill* 110 281 60 11+23,109 — 861 81+5 15 — 26 5,1+77,279 1635,526 2109,729 1622,258 152l+,251 1+565,265 1109,581 622,336 937,101+ 659,665 21*86,582 kk0,000 1,250 1100,000 1+,670,000 750,000 1000,000 650,000 1+,715 1,078 ~ 7,520 1,000,000 1000,000 1150,000 1000,000 210,000 280,000 !+,no 18l+,000 — 2000,000 5,200 1+50,000 700,000 500,000 800,000 199 2 / 996 252 151+ 129 1+35 675,000 5020,000 -— 700,000 1600,000 1+00,000 6,500 800,000 70 MATURITY DISTRIBUTION OF LOANS M P SECURITIES Within 16 t o 31 "to 61 t o 91 days t o 6 months 1 to 2 2 to 5 15 days 50 days 60 days 90 days 6 months t o 1 year years years 62,71*1 225 15,1+1+1 5 52,U51 77 36 37 815 6 1+,302,200 1+1+1*,850 1,686,609 1,705,662 1,055,100 1,826,100 93^,603 l / A f t e r deducting $1+ll+,983?000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks, "2/ A f t e r d e d u c t i n g $2,157,000 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, Over 5 years 5,1+1+8,000
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