The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF Tl$ FEDERAL RESERVE SYSTEM (Released f o r P u b l i c a t i o n F r i d a y morning, October 8,19148) H.U.I October 7 , I9U8 CONDITION OF THE FEDERAL RESERVE BANKS During t h e week ended October 6, member bank r e s e r v e b a l a n c e s decreased $300,000,000* Reductions i n member bank r e s e r v e s r e s u l t e d from a decrease of $21^6,000,000 i n Reserve Bank c r e d i t and i n c r e a s e s of $122,000,000 i n money i n c i r c u l a t i o n and $13,000,000 i n nonmember d e p o s i t s and o t h e r F e d e r a l Reserve a c c o u n t s , o f f s e t i n p a r t by a d e c r e a s e of i>6l4,000,000 i n T r e a s u r y d e p o s i t s w i t h F e d e r a l Reserve Banks and an i n c r e a s e of $16,000,000 i n gold s t o c k . Excess r e s e r v e s of member bank3 on October 6 were e s t i m a t e d t o be a p p r o x i m a t e l y $510,000,000. Holdings of l o a n s , d i s c o u n t s and advances decreased $61,000,000 and of United S t a t e s Government s e c u r i t i e s $159,000,000, The d e c r e a s e i n h o l d i n g s 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 $1,030,000,000 i n notes and $ItU2,000,000 i n b i l l s and i n c r e a s e s of $1,052,000,000 i n c e r t i f i c a t e s and $281,000,000 i n bonds. Changes in mem&er 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 the week and t h e year ended October 6, I9I18, were as follows* I n c r e a s e or d e c r e a s e sinceOctober 6, I9U8 September 2 9 , 19U8 October 8, 191+7 (In millions of dollars) + + 788 18U 116 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 23.1U3 297 267 - 139 61 T o t a l Reserve Bank c r e d i t Gold stock Treasury currency 23,707 23,888 ii,572 _ + - 2U6 16 1 + 855 + 1 ,796 + 21 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 T r e a s u r y cash T r e a s u r y d e p o s i t s w i t h F.R.Banks Nonmember d e p o s i t s and o t h e r F.R.accounts 19,58ii 28,202 1.32U 1,596 1,163 _ + 300 122 +2 ,Wi2 U30 h + 687 20 U6 — + 6k 13 - H.l*.l(a) STATEMENT OF CONDITION OF THE TYffiLVE FEDERAL REoEKVE BANKS 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 Sept. 29, 19^8 Oct. 8, I9kl - + 2,761 * 17,21a +20,002 - 23,509 - 61,096 + 1*8 +1,81*0,761 62,656 +1,778,105 + 6,388 + 181*, 907 795 3,131 6,532,979 -Wi2,U26 6,213,969 +1,052,1*00 912,600 -1,029,900 9,1*83,503 +280,870 -7,1*52,203 - 9^9, 2 97 + 1*25,300 +8,763,613 Oct. 6, 19U8 A S S E T S Gold c e r t i f i c a t e s Redemption fund for 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 Other cash Discounts and advances Industrial loans Acceptances purchased U. S. Govt, securities: Bills Certificates Notes Bonds Totaj. U. S. Government securities T o t a l loans and s e c u r i t i e s Due from f o r e i g n banks F . R. n o t e s of o t h e r banks U n c o l l e c t e d items Bank premises Other a s s e t s TOTAL ASSETS 21,990,1*31 632,772 22,623,203 252,283 295,960 1,057 23,11*2,851 -139,056 + 787,U13 23,1*39,868 h9 135,981 2,1*55,1*55 32,309 165,1*12 - 2 0 0 , lol* + -17,739 -302,238 29 - 5,973 + + 968,396 1*9 11,303 38,751* 936 H3,ll*5 i*9,lol*, 560 -529,590 +2,915,106 21*, 076,710 + 81*, 651 - 19,583,771* 1,595,529 399,920 1*66,763 22,01*5,986 2,188,207 -299,737 - 61*, 378 - 10,379 • 12,681 -361,813 -256,606 +2,1*1*1,803 + 686,102 + 1*7,116 17,165 +3,157,858 + 151,65li 11*, 979 1*8,325,882 -_ _ _ _966 __ -53I*, 73k 5,293 +2,81*7,71*1 200,000 1*1*8,189 27,5li3 102,91*6 1*9,101*, 560 11*1 + 6,281 + 8,366 + 88 + 52,630 +2,915,106 + 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 iwsmber b a n k - r e s e r v e account U , S 0 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 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 accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F.R. note liabilities combined Contingent liability on bills 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 5,003 -529,590 1.1% 1*9.1% 2,263 771* 6,191 1*56,1*78 71 1,187 B.i*.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 6, 191*8 ( I n thousands of d o l l a r s ) ASSETS Total Gold c e r t i f i c a t e s Redemption fund for F. R. notes 21,990,1*51 810,393 652,772 Total gold c e r t i f i c a t e reserves 22,625,205 Other cash 252,285 Discounts and advances 295,960 Industrial loans 1,057 U. S. Govt, securities: Bills 6,532,979 Certificates 6,213,969 Notes Bonds Boston 912,600 9,1*85,505 Total U.S.Government securities 23,11*2,851 55,158 New York Phila. Cleve. Rich. Atlanta Chicago St,Louis 6,986,310 1018,195 lit06,867 1055,610 1012,529 U567,801 59.905 53,152 75,990 57,598 1*5,500 105,028 638,37k 1*5,296 865,551 7,01*6,215 1076,51*5 11*80,857 1111,208 1057,829 1*1*72,829 685,670 16,215 18,656 59,057 25,21*9 10,61*8 1*0,857 12,551* 21,021 16,5U0 92,058 22,1*66 50,972 12,706 15,697 H*,9l*7 55,195 805 200 52 1*22,069 1,566,1*89 1*66,650 626,518 1*21*,281 527,519 950,091* 1*17,727 1,1*89,998 1*1*5,861* 595,753 1*03,559 511,526 882,950 61,51*9 218,825 65,187 87,1*91 59,268 1*5,751 129,670 657,506 2,275,926 677,392 909,161* 615,881* 1*75.1*26 131*7.1*63 1558,651 Dallas SanFran. 1*90,165 809,71*1 562,975 2855,675 25,521 36,520 27,051* 1*7,272 515,1*86 81*6,261 590,029 2880,91*5 11,051 12,087 H,79l* 35,156 12,1*70 11,791* 25,022 7,895 532,1*22 199,967 501*, 508 296,069 31*5.09? 190,201* 289,61*0 281,611 1*2,537 1*1,358 50,587 27,93k 523.602 2Q0,£7li 1*1*2,026 lt2Q.77lt 616,593 56!*, 085 82,81*3 860.866 5,51*9,238 1655,095 2218,706 1502,992 1160,222 5310,157 121*9,503 708,379 1078,711 101*8,812 2121*. 387 Total loans and securities 23,1*59,868 1555,191 5,61*1,296 1676,561* 221*9,878 1518,91*1 1175,169 551*5,550 1262,209 Due from foreign banks 1*9 2 2 2 1/16 5 1* 1* 7 F.R.notes of other banks 155,981 19,972 11,1*25 17,580 6,801 5.510 15,502 5,852 6,557 Uncollected items 2,1*55,1*55 181*, 051 1*21,567 161*. 612 252,91*1* 226,880 166,176 388,060 125,51*2 3ank premises 52,509 1,199 8,085 5,069 1*,811* 2,578 1,580 3,027 1,953 O^her a s s e t s 165,1*12 11,225 39,598 16,01*5 9,312 8,233 11,551 25,587 io,5ltl* TOTAL ASSETS Minn. Kans.Cy. 716,27k 1091,181 1060,606 211*7,1*09 2 1 2 1* 16,911 8,1*21 5,851 18,059 76,551* 151,862 106,095 215,111* 76** 2,598 1,185 1,657 5,01*0 7,821 7,521 15,355 1*9,101*,560 261*5,759 13,211,131* 2950,091 1*011,900 2906,538 21*39,050 8289,297 2098,157 131*1,558 2118,977 1782,61*0 5309,699 l / After deducting $33,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. H.iul(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 6, I948 ( 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 Boston Minn. Kans.Cy. 633,769 939,142 5,500,797 1638,124 2130,855 1692,990 1333,189 4570,952 1103,867 F e d e r a l Reserve n o t e s 24,076,710 1U17.060 Deposits? iv-ember b a n k - r e s e r v e a c c t . 19,583,774 855,153 6,229,277 959,795 1426,099 863,874 319,025 110,992 133,659 89,843 U . S . T r e a s u r e r - g e n e r a l a c c t . 1 , 5 9 5 , 5 2 9 130,20a 16,699 21,470 1 / 168,137 27,605 31,354 Foreign 399,920 5,998 3,707 387,833 4,096 2,885 Other £66,763 Total d e p o s i t s 22,01*5,986 1010,534 7,104,272 1102,488 1597,110 973,301 Deferred a v a i l a b i l i t y i t e m s 2 , 1 8 8 , 2 0 7 167,600 365,650 146,239 210,284 198,977 Other l i a b i l i t i e s i n c l u d i n g 787 accrued d i v i d e n d s 921 1,725 3,839 799 14,979 TOTAL LIABILITIES Capital paid in Surplus ( S e c t i o n 7 ) Surplus ( S e c t i o n 13b) Other c a o i t a l accounts 819,910 3022,945 80,864 198,705 13,973 46,349 708 2,503 915,455 3270,502 156,165 339,209 646 2,219 713,362 513,7U6 916,085 925,516 2338,012 88,841 155,205 86,600 106,872 94,719 8,520 11,928 11,587 30,029 12,269 1,808 1,932 6I4 37,06U 17,615 850,118 618,793 1016,545 1026,558 2560,310 67,696 133,197 102,039 187,610 113,5Ul 665 517 587 714 1,560 48,325,882 2595,993 12,974,553 2887,772 3939,974 2866,055 2405,U55 8182,882 2o68,l9l 1320,775 2089,471 1754,116 5240,640 8,529 7,823 25,208 6,599 4,403 6,877 7,769 18,788 200,000 11,337 69,013 14,630 19,024 448,189 28,117 138,596 35,350 42,173 21,210 19,110 66,217 16,972 11,233 I6,li;8 14,111 38,952 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,140 102,946 7,301 21,648 7,850 9,723 7,195 5,900 13,561 5,854 4,054 5,344 5,337 9,179 TOTAL LIABILITIES AND 49,104,560 2645,759 13,211,134 2950,091 4011,900 2906,338 2439,050 8289,297 2098,137 CAPITAL ACCOUNTS Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 774 105 28 32 2/248 38 63 71 49 Commitments t o make i n d u s t r i a l loans 6,191 262 1,084 124 300 486 75 *. R. n o t e s o u t s t a n d i n g 2 4 , 7 9 4 , 1 3 7 1470,838 5,673,897 1688,170 2194,593 1734,888 1379,934 4665,728 ll4o,888 C o l l a t e r a l f o r F . R. n o t e s h e l d b y F . R. A g e n t s : 13,279,000 4 6 o , o o o 4 , 7 7 0 , o o o 550,000 735,ooo 625,000 575,ooo 2600,000 315,000 Gold c e r t i f i c a t e s 31,091 1,025 13,200 2,518 — 3,630 — — 3,770 E l i g i b l e paper 1 2 , 2 7 5 , 0 0 0 1100,000 1,000,000 1200,000 1500,000 1125,000 850,000 2100,000 950,000 U.S.Govt, s e c u r i t i e s MATURITY DISTRIBUTION OF LOANS AND SECURITIES 16 t o Within to 31 t o 61 t o 91 days t o 6 months Discbunts and advances I n d u s t r i a l loans U.S. Govt, s e c u r i t i e s Dallas SanFran. 624,805 2491,160 Total 295,960 1,057 23,142,851 1341,538 2118,977 1782,640 5309,699 26 68 19 27 646,430 3,750 961,977 110 649,152 2587,692 200,000 1,748 450,000 280,000 3,850 169,000 2000,000 1,350 1 to 2 years 700,000 2 to 5 years 15 days 50 days 60 days 90 days 6 months to 1 year 73,746 45,587 122,381 44,235 10,011 12 14 844 20 42 67 2 56 64o, 550 1,824,566 1,501,968 739,830 2,067,803 2,656,228 1,002,400 5,050,769 l / A f t e r deducting $231,744,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 2"/After deducting $526,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 500,000 Over 5 years 7,658,737 800,000
@FedFRASER