The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( R e l e a s e d for P u b l i c a t i o n Friday morning, October 31,l<$li7) H.U.1 October JO, I9U7 CONDITION OF THE' FEDERAL RESERVE BANKS During t h e reek endetf October 29 member benk reserve b a l a n c e s decreased 017£,OO0,OuOl r e d u c t i o n s i r t . n ^ i b c r brink r e s e r v e s a r o s e from ?n i n c r e a s e of £747,000,000 i n Tre- sury d e p o s i t s v i t h Verier: 1 Heeerve Benks o f f s e t in- p a r t by i n c r e a s e s of ; 441,000,000 i n i t o a e r v e B nk c r e d i t • nd 69/^00,000 in f o l d etoek **nd d e c r e a s e s of ;, 50,000,000 i n money i n ' c i r c u l a t i o n * nd ' 8 , 0 0 0 , 0 0 0 i n non^ernber depo; i t s a n d - o t h e r ^e^evrl »*e: e -vc a c c o u n t s . i*>;cess reserves? of member b-nkse on October 29 v.ere e s t i m a t e d t o be ptjprQximn e l y r 8 2 0 , 0 0 0 , 0 0 0 . Holdings of l o e n s , d i s c o u n t s nnd -dv^nces i n c r o ; sod v24^,000,000 -nd of United s t a t e s Government S e c u r i t i e s 0357,000,000. The i n c r e a s e s i n h o l d i n g ' o f U n i t e d ' S t a t e s Goverpmcnt 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 v232,000,000 i n n o t e s , , S'68,000,000 i n c e r t i f i c a t e s , and " 5 7 , 0 0 0 , 0 0 i n fells. Charges i n member bonk r e s e r v e b a l a n c e s find r e l a t e d items during t h e veek and t h e y e a r ended October 2 9 , 1947, vrere ^s 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 9 , 1947 October £.0, _ 1.947 October 30 _ '' ( I n m i l l i o n s of dolO-rs) U. "S. Government securities Lofms, div.counts nnd r.dvence, Other Reserve Bank credit 22,129 375 285 Totrl Reserve B?nk crgdit Gold stock Tre. sury currency 22,739 22,294 4,552 Member bank reserve"belnnces 16,859 Oioney in circul tion 28,519 Treasury cash 1,338 Tree sury deposits v.ith F% lUB'nks 1,355 Nonmember deposits and other F.H.accounts " 1,566 -> 24S - 164 + 441 +• 69 - 1 ,479 + 136 + 30 - 1 ,312 4-1 ,W> +: - 173 50 + 1 + 747 8 • 4 + 74* 69 •347 + £93 -, 35 H.lul(-a)** . ;S*ATBMENT OF CONDITION OS^.THE TWELVE FEDSRat RESERVE BAJJKS COMBINED ( I n 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 ASSETS Gold certificates Redemption fund for R. R,„ notes Total gold certificate reserves Other cash Discounts and advances Industrial loans Acceptances purchased. U # S # Govt, securities: Bills Certificates Notes Bonds Total U. S» Government securities ~™ Total loans and securities Due from foreign "banks F. R. ncbec of other banks Uncollected items Bank premises Other assets TOTAL iiSSSTS L I A B I L I T I E October 2 2 , 19l7 20,362>670 . 681,710 21,oUU,380 266,671 373,057 - -1,853 1,810 + 78,000 • 10,070 +2,912,21*2 96,i|Q8 + 67,930 +: 11,538 +21*8,270 • 57 312 +2,815,831 23,090 + 135,U70 + 7^9 + 1,810 13,622,28k •7,066,966 732,,UOO 707,690 + 57,Uoo + 67,500 +232,100 — -1,088,001 - 385,035 + 12,300 U7,6oo - 22,129,3^0 +357,000 -l,l;78,336 22,506,060 +6oU,90i -r,3Uo,287 95 I31,li99 2,613,538 October 30, 19^6 + + 3 6,U6o 378,830 •• 595 6,U2U 56,165 + 7U3 -353,686 3.2 + 2,237 1|6,65I,650 +333,631 +1,8UU,769 2U,U52,52U - 39,162 - 16,859,:0U9 i,35>i,582 150,290 1+66,311 19,130*232 2,330,iil8 -178,361 +7U7,020 + 3,198 - 10,252 +561,605 -189,725 + 7U7,73l + 892,383 - 237,695 + 1U8,52U +1,550,9U3 + 350,132 + + 7,563 +1,791,172 + + + SJ F e d e r a l Reserve n o t e s ! Deposits; Member bank-reserve,, account ; U . S . T r e a s u r e r - g e n e r a l account Foreign Other Total deposits \ Deferred a v a i l a b i l i t y itc-ihs 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 A C C 0 U N T;:S 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 13^>) Other c a p i t a l accounts 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. K# 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 October 2 9 , 19U7 21,299 535 U5.95U.U73 +333,253 193,830 U39,823 .. ?7fcU55 . 56,069 Ii6,651y650 39 ..... + 339 +333,631 117,U66 + 8,977 + 81,U68 + 27 36,875 +1.8UU.769 li8*3f* 3*029 7;362 17 1,050 •* 17 1,283 H.U.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 2 9 , 191*7 ( I n thousands of d o l l a r s ) A S S E T S Gold c e r t i f i c a t e s Total Boston 20,362,670 760,990 Redemption fund f o r F. R. n o t e s 681,710 T o t a l gold c e r t i f i c a t e , reserves 21,0i*i*,380 5l-*,7'27 815,717 other cash 266,671 25,616 iJisoounts ana advances 373,057 8,653 I n d u s t r i a l loans 7 OCJ _„_ Acceptances purchased j ^JQ ___ U. S . G c v t . s e c u r i t i e s ; 5^4^. . . . 13,622,261* 890,031 vllt 7,066,966 1*92,877 J ^ 732,l*oc 51,081-, -JVLJQQ. A*9,357 Total U.S. Government securities 22,129,31*0 12*83,32*6 New York Phi l a . Cleve. Rich. Atlanta Chicago S t . L o u i s liinn. Kans.Cy. 5,1+83,1*36 961,358-1369,89!; 12ol*,233 1088,52+0 1*1*36,835 613,1*96 l*7l+,753 118,565 59,761 7U.571+ 62,1*79 1*1,082 86.91*0 5,602,001 1021,119: li*l*i*,l*68 1266,712 1129,622 1523,825 1*9,325 129,9*40 ___ T Q^Q 13.090 19,812* 1 ci-. „__ 25,000 21,621, ___ ll*,951 16,371 t? ___ 19,698 12,890 38,783 70,1*57 „_ 1*,021,663 933,383 1227,612 737,539' 609,702 1676,022 1.656,528 1*68,11*1* 675,351 2+66,750 303,902+ 93^,72*9 171,677 1*8.517 69,991 1+6,373 39,787 96,675 67,630 k6,7hl ffl»Wi5 93,606 • 165.685, 1+6,080 L6.QI1Q 71+1,596 22.Q80 35.807 660,1*1*5 1*97,733 777,2+03 13,381 22,1*53 6,1*67 H*,138 „_ __• "9,837 21,207 D a l l a s SanFran. 1190,9262736,563 25.861 51,985 516,787 2788,51*8 11,179 ' 5,00l* 38,836 30,506 70l*,378 32+3,092 602,859 52+0,338 128l*»865 395,301 210,085 357,377 360,627 665,273 1*0,968 21,773 37,037 37,371+ 68,9l+7 39 > 586 21,038 35,78,8 36,11? 66,621 6,015,753 151+6,921* 2oi*o,50l* 1299,1+03 I07i,-83i3 2801,252 _ii80,233\596,,7-88.1033i061 97l+,l*52 2085,706 6,-ll*7;,503 1568,51+8 2062,20G 1315,017 1081*,728 2871,709 1202,686 979,1*56 2116,212 Total loans and securities; 2 2,506,060'12*91,999 +>ue from f o r e i g n banks 95 £.K. n o t e s of o t h e r . b a n k s 131,K 9 9 uncollected i t e n s 6 5,207 2,613,538 2oi,7i;7 sank premises 33,21*2 1,255 utner assets 56,165 3,987 . TOTAL ASSETS l / 26 '^,(i>Q 6 5,566 501,003:165,551 3,29!*' 12,71+2 9 7,959 5 13,1+25 250,1*09-235,170 610,926 1051,268 1* ? ' ll* •: '1* 10,9& l2+,739 l \ 9,2+29 16,0,160 iil8,8l*l : 121,31*5. 3,137 5,176 2,6l*'8 1,1*90 3,05k- 1,9?6 3,388 5,596 3,71+1+ 3,213 7,1*25 5,510 : - 1• 3 9,721 1* 8,992* 3 3,902 9 l 9 ,5l*5 76,392 133,81+5 107,258 221,817 ,l>2li* -2,1*68. 80l* 1,726 1,610 2,61*0. 2.976 5.321* 1*6,651,650 251*5,53!* 12,31*2,al*2 2800,1*15 3800,827'2852,1*72 21*09,829rt878,1+1*0 2pi3,276 12ol*i,666 1909,1*67 1622,365 5192,017 l/Ajfter d e d u c t i n g $69,1)00 p a r t i c i p a t i o n s of ><i>ther F e d e r a l Reserve Blanks. STATEIiEKT OF CONDITION OF TEB FEDERAL RESERVE BANKS ON OCTOBER 2 9 , I9I4.7 ( I n thousands of d o l l a r s ) New York Phi l a . Cleve. Minn. Xans.Cy. R i c h . A t l a n t a Chicago S t . L o u i s 5,592,613 1647,013 2103,302 1733,332 1400,056 4576,979 1125,314 618,404, 955,990 LT A B I L I T I E S Total ^.Boston D a l l a s SanFran. F e d e r a l -Keserve n o t e s 2!i,ii52,52 4 1436,021 6 2 4 , i 6 7 2659,333 Deposits^. Member b a n k - r e s e r v e a c c t . 16^359,049 760,926 5,198,014 828,179 1238,750 761,996 740,005 2540,770 6-36,373 4 3 6 , 6 5 4 ' -82-5,;839 809,175 2082,568 U . S . T r e a s u r e r - g e n e r a l acct•1321^582'• 83,479 328,704 58,180 239,826 37,312 76,278 121,047 •98,057 •53,352- 66,213 4 ? , 067 104,047 Foreign 450,290 16,06-8 53,298 13,717 51,744 36,447 19,203 1* 7 1 7 25,152 1 / 1 3 3 , 6 9 2 12,955 34,521 9,798 -1 AK.3 Other lf66,3II - 2 , 7 5 0 2,Qj 6 2,597 ;8 g,oiU 7,544 2,207 7px 4 - .1,9.18. 393,598 Total deposits 19,150,232 872,307 6,109,008 938,215 iii03,5B3 871,463 616,299 2856,291 744,125 501,722 906,827 671,053 2259,334 Deferred a v a i l a b i l i t y itenis2 J 33o,4l8 189,908 413,.052 155,699 225,137 161,304 365,374 117,005 118,973 100,355 207,630 64,2!;5210,163 Other l i a b i l i t i e s i n c l u d i n g accrued d i v i d e n d s >QO 21,299 1,162 1,340 5,970 899 3,205 920 18 J52 .2,2132. 227_ 1,056 TOTAL LIABILITIES 4 5 , 9 3 4 , 4 7 3 21499,^90 12,120,643 27/42,267 373U,H7 2616,034 2379,058 7782,3 U 9 1937,362 1185,089- 1962,592 1596,928 5128,636 C a p i t a l paid i n x1 ^Q , opO:~\ ~v * ^2 193*630 68,332 11,233 6,176 7,456 Ia,3i9 6,342 7,228 6,464 18,001 4 , 2 7^5 5 Surplus ( S e c t i o n 7) 27,557 439,323 136,549 20,676 18,663 65,076 34,72o 16,577 36,106 10,997 15,729 13,777 Surplus (Section* 13'D) 1 <Y?7L 3,012 3,325 762 1,429 7,253' 1,007 '27,455 4,489 521 2,1110 1,;137 1,307 Other c a p i t a l a c c o u n t s 56,069 4.259 3.8QO 6.422 . 4,554 10,165 4^,620 2.) XiJu. 5^89 3n:5S5 3,125 5,13?[ TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 1*6,651,650 25U5,53U I2,3h£,9l& 2800,1*15 3000,327 2652,i;72 2409,029 7870 f UiO 2013,276 1 2 O U , O 6 6 1969,1467 1622,365 5192,017 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 * QPQ 2 / 969 121; Ui3 ^45 2*12 106 106 100 267 *fr 76 Commitments t o make i n d u s t r i a l ^ loans n -ztg923 IiQ0 C'j 580 l,l*5£ 79 3,750 150 F . R# notes o u t s t a n d i n g 2 5 , 1 9 3 ' 6 0 2 150^,157 5,759,942 1691,651 2163,670 1774,430 1444,542 4679,055 1163,577 632,692 959,374 C o l l a t e r a l f o r F-#H# -.notes held by F«R# Agents* Gold c e r t i f i c a t e s 12,593,000 440,000 5,470,000 515,000 695,000 650,000 725,000 3050,000 315,000 184,000 280,000 169,000 2100,000 E l i g i b l e paper 255,250 ;'~ 6,125 117,060 16,615 — 14,435 21,070 13,150 19,825 27,030 U # S # Govt, s e c u r i t i e s 13,1*00,000 1300,000 2,4/jo,pco 1200,000 1500,000 1150,000 750,000 1700,000 950,000 450,000 700,000 500,000 1000,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 6 'months 1 to 2 ' 2 to 5 Over Within 16-to 61 t o " 31 t o 9 I days t o Total years. years 5 years to 1 year 50 days 15 days 90 days 60 days 6 months Discounts and advances -328,6ii6 COO 373,057 25,024 11 3,105 5 Industrial loans 1,853 1,294 27 109 302 43 25 53 Acceptances purchased 476 .. 1,810 816 518 U.S. Govt, securities 3,132,529 2,337,490 22,129,3^0 4,528,265 4,727,711 2,392,662 4,327,995 255,150 427,540 ! 1/ A f t e r d e d u c t i n g $266,492,000 p a r t i c i p a t i o n s o f " q t h e r Federal.,. Reserve Banks. 2~/-After d e d u c t i n g $ 2 , 0 6 0 , 0 0 0 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. O -—<"> m^s.
@FedFRASER