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Form F, R. .28$ STATEMENT FOR THE PRESS Released for publication Friday morning, October 29j not e a r lie r. ( Board o f Governors o f the Federal Reserve System October 28, 19^3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 27 member bank reserve balances increased. $3,000,000. Increases in member bankreserves arose from increases of $306,000,000 in-Reserva Bank- cr-sdit and $2,000,000 i-n Treasury currency, o ffs e t in part by increases of $223/000,000 in nonmeinber deposits and other Federal Reserve accounts, $71,000,000 in money in circu la tion and $11,000,000 in Treasury cash. Excess reserves o f member banks on Octobsr 27, were estimated to be approx imately $1 , 060, 000, 000, a decrease of $550*000,000 fo r the week. There was an incroaso of $377*000,000 in holdings o f United State's Govern ment se cu ritie s. B ills increased $296,000,000, c e r t ific a te s $73*000,000 and bonds $10,000,000 while not'3s decreased $2,000,000. Changes in member bank r ;s ^rve balances and related items during the week and the year ended October 27, I9J4.5» were as follow s: Increase or decrease since Oct. 27, 19^3 Oct. 20, 19U5 Oct, 28, 19^2 (In m illions o f d ollars) B ills discounted U. S, Government d ire ct obligations U, S',Government guaranteed obligations Industri&l advances(not including 10 m illion commitments - October 27) Other Reserve Bank cred it 13 9,2^7 bb 12 369 + 2 + 372 * 5 + b + ¿*,825 + 27 » 75 2 256 + 306 •f 5*108 607 + 737 — - Total Reserve Bank cre d it Gold stock Treasury currency 9 *686 22,132 ii*i03 + .iomber bank reserve balances' Monoy in c ircu la tio n Treasury cash Treasury deposits with F.R, Banks lîonmombor deposits and other F,R.accounts 12.Q05 19*090 2,295 530 2,001 + 3 + 71 + 11 -+ 223 2 2J4.1 + 5,008 + 1*6 + 158 + 267 « STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 27, I9U3 (I n thousands o f d o lla r s ) Boston Nev»- York P hila. Clsve. Rich. Atlanta Chicago -St,Louis Minn, Kans.Cy, Dallas Form F. R. 233c L Is.- B I L I T I E S Total F. 1?. notes in actual c ir culation 15, 521, 14*1 1071*,633 Deposits : «¿ember bank-reserye a cct. 12,00li,862 597,054 u„s,Treasurer-general a cct. 529,704 27,526 Foreign 1,317,689 30,228 other _ 3 4 l* 3 li9 . 4^175 Total deposits 14, 193,804 658,983 Deferred a v a ila b ilit y i 1S1 , 342,679 104,857 Other l i a b i l i t i e s ine li L o accrucd dividends 597 7>645 TOT.iL LIBILI TIES 1839,070 31, 065,569 Capital paid in 9,553 150,352 Surplus (S ection 7) 11,160 160,411 Surplus (S ection 13b) 2,87426,829 , Gthcr ca p ita l accounts 6,001 94,152 TOTAL LIABILITIES .AID Capital accounts 31, 497,313 1868,658 Commitments to make in dustrial advances 10,020 700 k. notes outstanding C olla teral fo r notes hold by F .R eg en ts: Gold c e r t ific a t e s E lig ib le paper i\ 3#Govf t se cu ritie s 3.983,294 133,297 1/592,797 252,694 603,721 29,297 115,184 4,237 948,854 60,337 111,546 8,66? 1;, 967, 082 262,213 752,-439 1 , 129,404 156,856 73,733 517,013 24,743 52,136 6,18 5 600,077 98,411 14,332,000 10,710 2,01*2,61*2 B ills discountod 13,305 Indu strial advances 12,006 U. S. Government s e cu riti os, d ire c t and guaranteed 9,290,881 852, 28Q 2, 951,334 473,313 3 7,717 42,436 4,104 661^563 3 ^ ,3 7 3 558,856 374,516 1,764,001 1,842,359 421,872 278,825 548,442 1+09,835 1*315,280 35,730' 33,529 32,387 30,674 29,315 54,652 147,920 36,374 26,67li 33,9l9 36,374 92,271 5,326 9,159 5,356 2,282 . 2 , 85h 33,310 557,570 2 , 031,335 80,904 185,735 500,934 346,242 74,310 29,110 615,347 538-,878 1,495» 513 l4 o ,633 30,734 ¿¿,628 726 281 483 ■310 300 852 2,409 207 697 ; 243 535 8,646,947 1392,655 2, 692,962 1741,939 l49l,041l 5,169,256 1237,617 739,937 1255,237 958,265 3 ,4oo,64o 12,272 3,221 11,630 6,074 4,674 55,755 I*, 557 15,515 16,669 4,963 5,419 58,001. 15,670 3,221 11, Olili 5,236 4,966 22,925 4,083 Ili, 767 3.613 5,725 2 ,12 1 7 , 070. 1,000 530 1,007 3,244 717 1,307 4,393 1,137 1,1*29 3,570 4,138 3,872 4,581 • 4,176 26,879 6,853 3,893 4,097 6,979 14,113 8, 794,652 1931,251 2,733,141; 1761,074 1507,043 5, 224,392 1251,83h 751,251 9 1,923 415 770 16,108*626 1125,963 3,523,294 .1099,535 1.436,502 1078,938 Total 3,lii5,2li3 1065,707 1,396,005 1042,916 San Fran, — -- 337 12$),126 971,782 3,433,056 3,000 — 910,334 3, 006,613 6?5*-571 371,109 — 2,866 583,473 410,130 1,866,664 805,000 1,240,000 850,000 730, 000^ ,020,000 450, 000. 323,000 510,000 361,000 1*354,000 845 — 450 — — 2,000 300,000 200,000 250,000 200,000 _ — 317,642 50,000 100, oc» 75,ooo 50,000 MATURITY DISTRIBUTION OF BILLS .JiD SECURITIES 1 to 2 6 months 91 d~;ys to . 61 to 2 to 5 Over 31 to 16 to years 5 yaars years to 1 year 0 months 90 days 60 days 30 days 784.000 3,405,000 1,455 5,960 350.000 150,000 Within 15 days 11,3.65 9,770 24.0 107 1,250 658 732,507 1,338.893 2,143,144 li 50 334 1,640,234 — — 526 234 266 457,000 952,200 211,400 l/ After deducting o?23,974,000 participations of other i-ederal Reserve Basics, I ll 701,071 1 ,H 4 ,- 32 Forift F. K. 2C3 -1. Released fo r p u b lica tio n Friday morning, October 29,1945, no"k e a r lie r . STATEMENT OF CONDITION OF THE-TWELVE FEDERAL REbERVE BANKS COivIBINED (In thousands o f dollars.) Increase or decrease since ASSETS Gold c e r t ific a te s on hand arid due from U* S, Treasury Redemption fund - P.R. notes Other cash Total reserves B ills discounted: Secured by U.S. Gov’ t obligation s, d ire ct and guaranteed . Other b i l l s discounted Total b i l l s discounted Industrial advances U, S# Government se cu ritie s, d ire ct and guaranteed* 1 Bonds Notes C ertifica tes B ills Total U. S. Government se cu ritie s , d ire ct arid guaranteed Total b i l l s and secu rities Duo from foreign banks F. ft. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S F. R. notes in ^ctual circu la tion Deposits s Llember bank-reserve account U.S. Treasurer- general account Foreign Other Total deposits Deferred a v a ila b ility items Other l i a b i l i t i e s including accrued dividends TOTAL LIABILITIES C A P I T A L iv C C 0 U K T S Capital paid In Surplus (S ection 7) Surplus (Section IJb) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of to ta l reserves to deposit and F.Rf note li a b i l i t i e s combined Commitments to make industrial advances Oct. 23, 19U2 Oct. 27, 19 U3 Oct. 20, ; 1945 19 . 3 5 1,7 15 112,0 35 + 8,000 - 11,2 4 5 ♦ • 66 + + 328,-857 20 , 292,607 - 3 ,179 - 13,*305 — + 2,780 — 13,305 + + + 2,780 695,1+14 95,623 78,31+5 521,41+6 9,235 5,000 l+,235 2,278 12,006 134 1,5146,703 1,571,250 5,484,528 + 9 ,4 36 - 1,500 + 73,200 +295/358 +5 ,028,077 9 , 290,881 +376,49^ +¿4,8ii9, 567 9 , 316,192 136 +379,408 688,400 - - 569,025 499,811 890,324 78,791 1,711,960 38,417 59,210 9 369 -154,386 38 + 1,241+ +£*851,92U + 89 + 39,879 + 470,819 ‘1,775 1,957 31,497,313 +222,689 +¿¿,837,133 1 5 ,52:l,44’l + 76,863 +[i,Utl,936 12,004,862 529,704 1,317,839 3Ul,3U9 14,193,804 1,31+2,679 + +224,614 - 80,220 7,645 31,065 ,569 + 749 +222,006 150,352 l6 o ,4 ll 73 94,152 610 +222,689 + 2 ,655 713 + 56,081 +166,591 26,829 31,497,313 68.3 10,020 + + .1% 183 - + 24l,o4o 157,980 365,331 - 154,096 + 128,175 + 214,911 1,968 +ii, 786,990 + + + 4,935 2,909 48 1+2 ,2 5 1 +4,857,133 - 14 . 5$ ' 1,552 Form F. R. 233b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BATIKS OK OCTOBER 27, lghs (I n thousands o f d o lla r s )' a S S EI S Total Boston Neiv York Phila. Clove. Rich. Gold c e r t ific a t e s on hand and _due from U .S. Treasury 19,851,715 1064,457 5,307,529 1098,938 1,712,1+05 1098,643 Kedemption fund - F.k.notes 112,035 17,830 10,986 15,1*00 10,764 13,326 other cash 328,857 31,783 79,214 24,586 22,330 2 2,510 Atlanta Chicago St.Louis Hinn. Kans.Cy. Dallas 980,050 3,790,342 10,410 Jq6 19,506 45,123 673,631 463,264 Total reserves 20, 292,607 1114,050 5,397,729 1133,924 1,715,1*99 H5l*,l*79 1009,766 3,854,261 B ills discounted* Secured by U.S.Govf t ob lig a tion s, d ire c t and guaranteed 2,o4o 5,960 450 1,1*55 345 13,50 5 555 — Other b i l l s discounted 705,619 471*, 128 Total b i l l s discounted --- 754,455 569,924 2,415,775 109 , 191* 157,565 551,1*58 110,929 1 11,0 10 593,259 5,050,010 634,691 770,741 490,373 579,755 1 , 129,045 457,521 2 29 ,16 7 535,905 552,555 C22r6l6 601,123 5 , 036,122 690,107 771,891 491,563 531,988 1 , 129,049 459,521 229,291 535,935 352,551 327,241 15 1-5 3,907 199,329 1*,252 6 15,550 ill*, 525 2,955 1*,595 5 6,551 105,552 4 1*. 7,580 • 3,070 114,826 61 ; 613 98 / 2 , 71*9 5,579 • 3,633 11 9,857 172,065 152 1*,571 155,1*17 5,484,528 100,182 44,538 101,771 224,072 2,785,469 Total U.S. Gov*t s e c u r itie s , d ire c t and guaranteed 9 , 290,881 Total b i l l s and se cu ritie s 9 , 3 16 ,19 2 Due from foreign banks F.k,notes o f other banks Uncollected items Bank premises Other assets 78,791 1,711,960 58,417 59,210 2,000 39,169 150,220 57,953 152,236 170 ,4 14 1,1*31+ TOTiiL 4».SSî:TS —— 10,034 221,243 ■ 93,472 224,762 226,259 555 156 2,000 16,496 595 845 1 , 51*6,705 688,400 1 , 571,250 8 ,3 19 732,413 556,77k 2,373,289 5,5l;l* 5,066 1,317 2,o4o 5,960 Industrial advances U. S. Government s e cu r itie s , d ire c t and guaranteed: Bonds Notes C e rtifica te s B ills — 2,545 450 240 1,1*55 15 ,50 5 12,006 20,051 11,937 San Fran. 152,042 67,670 151*, 1*55 5 1,967 11*5,983 2,680 4,847 1 / 55 15,205 328,751 9,658 7,132 60,271 2 ,2 15 90,805 4 ,6 5 6 1*,555 . 8,273 215 48,6oo 1,6 6 1 3,760 4 — 124 170,878 68,570 76,054- 50 ,5 19 175,589 69,657 708,524 263,575 17 7,51*8 245,955 2,869 6,715 --- 5 5,066 97,200 2,076 •2,599 6 0 ,19 1 26,790 61, ll*6 31,040 2 2,497 41,802 1,287 2,244 --50 4,62 5 16 101,110 . 94,1*65. .205,136 45,coi 42,044 90,455 10 2.713 9 5 f967 2o6,4lO 137,031 100 , 059 .... 522,587 . 2,629 . 7,1*30 51,1*97,513 1863,658 8, 79l*,652 1931,251 2, 733,144 1761,074 1507,043 5, 224, 592 1251,884 751,251 1269,126 971,782 5 , 453,056 l / A fte r deducting $81,000 p a r tic ip a tio n s o f other Federal Reserve Banks.