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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Hj+,1 (For Immediate Release) October 6, 19^9 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 5 member bank reserve balances increased $3^8,000,000, Additions to member bank reserves resulted from a decrease of $55-8*000,000 in Treasury deposits with Federal Reserve Banks and increases of $9,000,000 in Reserve Bank credit, $2,000,000 in gold stock and $3,000,000 in Treasury currency, offset in part by increases of $128,000,000 in money in circulation, $65,000,000 in nonmember deposits and other Federal Reserve accounts and $10,000,000 in Treasury cash. Excess reserves of member banks on October 5 were estimated to be approximately $1,150,000,000. Holdings of loans, discounts and advances decreased $188,000,000 while holdings of United States Government securities increased $109,000,000# The increase in holdings of United States Government securities reflects increases of $89,000,000 in bills and $20,000,000 in certificates* Changes in member bank reserve balances and related itemp during the week and the year ended October 5,: 191+9 were as follows* I n c r e a s e or d e c r e a s e sine !Q Oct. 5, I9k9 S e p t . 28 » I9k9 Oct.,6, !9hQ (In m i l l i o n s of <i o l l a r s ) U« S» Government securities Loans, discounts and advances Other Reserve Bank credit 17,961 113 331 +109 -188 + 87 -5,182 - 184 + 6k Total Reserve Bank credit Gold stock Treasury currency 18,4o6 2i4,60l+ k,593 + + + 9 2 3 -5,301 + 716 + 21 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F* R* Banks Nonmember deposits and other F» R. accounts 16,38/4 27,1+76 1,321 612 1,809 +368 +128 + 10 -558 + 65 -3,200 - 726 3 - 984 + 31+6 H^.l(a) STATEMENT OF CONDITION OP THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) I n c r e a s e or decrease since ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F* R* 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 Oct, 5, 19U9 22,797,1+32 51+8,267 23,3U5,699 Oct* 6, 19U8 Sept. 28, 19U9 - 1,996 2,293 1+.289 + 807,001 8l+,505 722,1+96 Other cash 253,77U - 23,1+20 + 1,1+91 Discounts and advances I n d u s t r i a l loans U# 3 . Govt* s e c u r i t i e s * Bills Certificates Notes Bonds T o t a l Vm 3* Government ~"s"ecurities 112,1+59 896 -187,379 + 223 - 183,501 161 1+, 305,1+71+ 5,819,1+00 298,100 7,538,200 + 89,700 + 19,500 -2 ,227,505 39l+,569 Dil+,500 ,91+5,103 17,961,171+ +109,2so -5 ,181,677 18,07l+,529 35 108,359 2,501,1+69 32,785 109,887 - 77,956 13 - 22,891 + 1+1,269 1+3 - 16,706 -5 ,365,339 ll+ 27,622 + l+6,oil+ + 1+76 55,525 l+l+,l+26,537 -10l+,ol+9 -i+,678,023 23,308,117 + 82,577 - l6,38l+,39l 611,875 5U8,712 526,512 18,071,1+90 2,i7o,oU3 +368,763 -558,1+81+ + 31,371 * H+,797 -11+3,553 - 1+5,936 -3,199,383 - 983,651+ + li+8,792 + 59,7i+9 -3,974,1+96 18,161+ 11,768 1+3,561,1+18 71+7 -107,659 3,211 -1+, 76^1+61+ Total loans and s e c u r i t i e s Due~from f o r e i g n banks F, R* notes of other banks U n c o l l e c t e d items Bank premises Other a s s e t s TOTAL ASSETS L I A B I L I T I E S F e d e r a l Reserve notes 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 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 accrued dividends TOTAL LIABILITIES C A P I T A L ACCOUNTS Capital paid i n Surplus ( S e c t i o n 7) Surplus (Section l j b ) 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. note 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 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 207,020 1+66,711 27,51+3 163,81+5 lji+,1+26,537 56.1+fo 3,818 1,91+7 7 + 3,603 -101+., 01+9 + + 7,020 18,522 + 60,899 -l+,678,023 • 1% 127 765 768,593 7.3^ + 3,01+1+ i+,2l+l+ H.U.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBEJR 5 , 191+9 ( I n thousands of d o l l a r s ) A S S E T S Total Boston 22,797,1+52 86l,ZU+9 51+8,26? 50,555 reserves 25,51+5,699 911,802 other cash 255,771+ 29,991 42,820 11,456 21,751 16,920 20,160 5l+,555 12,291+ 6,612 10,085 11,875 55,257 Discounts and advances 112,1+59 I n d u s t r i a l loans 896 U. S, Govt, s e c u r i t i e s : Bills 4,305,1+71+ 6,496 52,1?2 8,065 805 9,589 1 6,555 90 4,196 14,910 4>800 4,040 9,2?2 3,81+8 8,738 276,399 230,829 642,450 Gold c e r t i f i c a t e s New York Phila, Cleve. Rich. 7,569,1+19 1186,7I+8 1598,5&2 1121,950 Atlanta Chicago S t . L o u i s 957,1+87 1+1+01,811 705,155 Minn. Kans.Cy. 1+50,729 856,879 22,1+91+ 55,01+1 71*8,450 473,225 871,920 Dallas SanFran. 656,685 2670,.558 Redemption fund f o r F . R. notes T o t a l gold 1+5,681+ 1+5,606 60,415 52,502 1+0,757 81+,5l+l+ 1+5,295 26,479 1+5*299 certificate certificates Notes Bonds 5,819,1+00 298,100 7,558,200 7,415,105 1252,551+ 1658,975 H7l+,252 297,026 1,020,354 293,280 397,098 4oi,469 20,565 520,01+5 l,379,ll+0 70,647 1,786,478 396,406 20,306 513,1+87 556,729 575,587 27,1+91+ 19,137 695,256 485,930 998,21+4 1+1+86,355 665,1642715,857 232,677 139,581 208,24? 186,255 581,500 511,996 868,353 3ll+,l+92 15,982 1+4,1+82 16,110 l+0l+,ll+5 1124,828 407,5?9 188,392 9,650 2l+4,05l+ 281,472 14,1+19 361+,6o8 251,719 12,891+ 326,065 515,645 26,4l4 667y9l+5 Total U.S.Government securities " 17,961,174 1239,105 4,256,619 1223,1+79 1656,577 1153,055 962,952 2680,115 970,658 581,457 863,71+6 7?6,9ll 1591,501+ 18,074,529 1245,601 4,288,791 1252,549 1666,167 1159,1+76 967,148 2695,025 975,1+58 585,1+97 878,018 780,759 1600,242 T o t a l loans and securities Due from f o r e i g n banks 55 2 l / 11 5 F.R.notes of other banks 108,559 Uncollected items 2,501,469 Bank premises 32,785 6,585 196,369 1,12*3 16,675 l+3l+,l58 7,927 1+.553 158,721 3,005 7,815 25,51+2 7,159 other assets TOTAL ASSISTS 109,887 2 2 5 1 1 1 1 5 5,768 10,780 219,1+51 2l4,l+l+7 4,?l+5 2,491 5 9,572 155,856 l,53l+ 16,380 1+27,465 3,l?2 5,742 158,591+ 1,906 7,164 80,761 1,153 6,659 157,775 2,51+6 5,1+19 103,161 ?26 13,502 216,753 2,639 5,825 16,750 6,855 5,1+1+7 5,125 i+,562 9,5h5 10,677 6,807 1+4,1+26,557 2399,108 12,228,807 2649,378 3587,537 2585,175 2156,321 7679,685 1909,500 1157,858 1911,903 1569,667 4591,798 l/ A f t e r d e d u c t i n g $24,000 p a r t i c i p a t i o n s of o t h e r Federal Re?^"*<? ftmis, H.It.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE E M S ON OCTOBER 5 , 19u9 ( I n thousands of d o l l a r s ) New York Phila, Cleve. R i c h . A t l a n t a Chicago S t . L o u i s Minn, Kans.Cy. 5,338,190 1594,440 2049,149 1577,532 1281,119 4488,126 1077,7U3 613,828 913,150 Dallas 62^,097 SanFran. 2377,732 5,503,317 106,1; 02 1/181,099 465,552 758,615 1174,832 45,394 39,765 42,984 49,431 1,09*4 5,720 671,957 62,1+72 26,328 3,725 635,056 2599,105 30,040 5C,h66 22,029 74,il;7 609 2,925 593,657 396,988 34,^5 33,301 19,^5 13,513 7,604 1,251 761,607 61,088 19,31+3 9U3 7l;9,?28 49,162 1S,3C6 501 1820.923 50.161 u7,839 54,676 795*697 174,382 6,254,350 375,522 848,087 1269,748 138,036 187,722 764,482 196,796 687,734 2726,643 148,627 344,000 659,919 136,743 842,931 121,606 818,197 94,523 1953,599 182,051 672 3,193 467 44I 902 4 3 , 5 6 1 , 4 1 8 2343,762 1 1 , 9 7 1 , 2 5 5 2581,229 3508,096 2539,413 2117,986 7560,680 137U.906 1134,330 1878,204 1537,258 207,020 11,518 71,001 15,017 19,344 9,114 8,lii0 26-022 6,835 4,573 7,221; 8,340 466,711 29,347 143,019 36,704 43,968 22,417 20.028 68,842 17,974 11,797 17,008 l4,95U 27,543 3,on 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 165,845 11,470 56,215 11,959 15,125 10,877 9,1)05 22.712 9,064 6,085 8,550 7,808 ' ' 4 4 , 4 2 6 , 5 3 7 2599,108 12,228,807 26U9.378 5587,537 2585,175 2156,321 7679,665 1909,300 1157,858 1911,903 1569,667 4514,294 19,892 40,653 2,mo 14,819 L I A B I L I T I E S Total Boston F e d e r a l Reserve n o t e s 2 3 , 5 0 8 , 1 1 7 1373,011 Depositsj Member b a n k - r e s e r v e a c c t . 1 6 , 3 8 4 , 3 9 1 713,606 U . S . T r e a s u r e r - g e n e r a l a c c t . 611,875 44,309 Foreign 548,712 33,850 other 526,512 5,952 Total deposits 18,071,490 Deferred a v a i l a b i l i t y i t ems 2,170,01+3 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 11,763 TOTAL LIABILITIES Capital paid i n Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND 666 1,477 608 506 1,911 501 450,053 70,025 421; C A P I T A L ACCOUNTS U591,798 C o n t i n g e n t l i a b i l i t y on a c c e p t a n c e s purchased for f o r e i g n c o r r e s p o n d e n t s 3,818 2U1 2/l,207 '306 351 187 157 527 138 92 138 13U 340 Commitments t o make i n d u s t r i a l loans 1,9^7 60 — 915 858 15 — 26 -— — — 73 F . R . notes outstanding 23,994,855 lU32,189 5,1*75,380 l61;l,532 2116,073 1617,555 1331,758 li57i,042 111)4,219 625,516 938,074 652,700 2480,817 C o l l a t e r a l for 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 1 4 , 2 7 9 , 0 0 0 440,000 4 , 6 7 0 , 0 0 0 750,000 1000,000 650,000 675,000 5020,000 400,000 210,000 280,000 184,000 2000,000 E l i g i b l e paper 16,068 700 3,100 705 — 1,825 — — 1,488 1,740 5,960 — 550 U.S. Govt, s e c u r i t i e s 1 0 , 8 0 0 , 0 0 0 1100,000 1,000,000 1000,000 1150,000 1000,000 700,000 1600,000 800,000 450,000 700,000 500,000 800,000 MATURITY DISTRIBUTION OF LOANS AND ^ ' ' " H ' ^ J L Within lFTTo JI to 6T t o 9.1 cry•: "co 6 months 1 to 2 2 to 5 Over Total 15 days 50 days 60 days 90 days 6 r.iontns t o 1 year years years 5 years Discounts and advances 112,459 24,710 6,902" 67,283 "1575^2" "20~ 2~ I n d u s t r i a l loans 8^5 779 3 __ — 3 33 13 65 U.S. Govt., s e c u r i t i e s 17,961,174 990,753 699,1;28 1,127,267 2,li65,826 1,055,100 4,3li8,700 ~ 1,826,100 5,448,000 l/ 2/ After d e d u c t i n g $367,594,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. After d e d u c t i n g $ 2 , 6 1 1 , 0 0 0 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.
@FedFRASER