The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THB 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, September 21;, I9ii8) September 2 3 , X9-!*8 H#U#1 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 2 2 , member bank r e s e r v e b a l a n c e s decreased $l±3*000,OOQ# Reductions i n member bank r e s e r v e s r e s u l t e d from an i n c r e a s e of $775*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, o f f s e t i n p a r t b y i n c r e a s e s of $621;,000,000 i n Reserve Bank c r e d i t and $15,000,000 i n gold s t o c k and d e c r e a s e s of $73,000,000 i n money i n c i r c u l a t i o n , $2,000,000 i n T r e a s u r y cash and $18,000,000 i n nonmember d e p o s i t s and o t h e r Federal Reserve a c c o u n t s # Excess r e s e r v e s of member banks on September 22 were e s t i m a t e d t o be approximately $1,100,000,000, Holdings of l o a n s , d i s c o u n t s and advances i n c r e a s e d $26,000,000 and of United S t a t e s Government s e c u r i t i e s 8655*000,000, The i n 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 i n c r e a s e s of $1;89,000,000 i n bonds, $62,000,000 i n c e r t i f i c a t e s , $57,000,000 i n n o t e s and $1*6,000,000 i n b i l l s . Changes i n member bank r e s e r v e b a l a n c e s and r e l a t e d items d u r i n g t h e week and t h e year ended September 2 2 , I9I48, were as f o l l o w s : I n c r e a s e or decrease s ince September 2 2 , I9U8 September 15, I9U8 September 2]*$ 19U7 ( I n m i l l i o n s of d o l l a r s ) + + - 655 + + 22,51*5 23,865 U.570 + + - 62U 15 1 _ 28 +1,915 + 18 18,69k 28,085 1,319 1,1*36 1,1*1*9 «. U3 +1,863 - 73 2 - 775 + - 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 21,860 310 T o t a l Reserve Bank c r e d i t Gold s t o c k Treasury currency iiember 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 Treasury cash T r e a s u r y d e p o s i t s w i t h F*R. Banks Honmember d e p o s i t s and o t h e r F # R.accounts 375 t » 26 57 18 258 I89 Ui 1*73 - % 656 120 STATEMENT OF CONDITION OF THE TTvELVE FEU&'tikL REbEkVE BKNKS COMBINED (In thousands of dollars) H.lul(a) I n c r e a s e or d e c r e a s e since Sept. 22, 1&8 S e p t . 15, l9hQ S e p t . 2k, 19^7 ASSETS Gold certificates Redemption fund for F. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. 3. Govt, securities; Bills Certificates Notes Bonds Total U.S. Government securities Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 21,987,670 618,671 - 22,606,544 271,377 509,51a 956 + lU.697 + 7,012 + 25,776 + 26 +1,969,996 86,39k +1,883,602 + 12,295 + 190,695 945 6,182,21;2 h,889,369 1,844,500 8,945,326 + U6.370 + 62,230 + 57,100 ^89,232 -7,728,737 -2,126,547 +1,372,700 +8,2214,156 21,859.957 +65U,952 - 22,170,23k +680,7314 49 152,480 5,057,459 32,378 162,064 + 8,278 -1460,077 22 + 9,2^5 + + U8,l432,365 +259,865 +2,266,501 25,996,907 - 59,403 - 18,6914,013 1,1436,112 1+01,201 U57.256 20,988,582 - 142,586 +775,069 - 10,690 +7i5,7a9 -1403,465 +1,863,456 + 636,hh9 + 1481 66,251 +2,Li3l4,135 + 268,396 15,954 147,663,802 + 2 , 1I4O* +255,018* 4,965 +2,20li,66l 199,327 i;l48,l89 27,545 95,00l4 U8,li32,365 + + 6,385 + 8,366 + 88 + 146,801 +2,266,301 + 16,998 2,301 258,1448 68,698 + 50 17,722 509,682 886 112,65U TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve account U.S.Treasurer-general account Foreign. Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES 0 A P I T A L AC CO U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital 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 foreign correspondents Commitments to make industrial loans •September 15 f i g u r e s revised. 2,662,379 - 6, ohh 90 •»• - + 4,757* +259,865 .7/0 ^ 776 126 275 1492,905 Z.i 2,349 1,08U H.l*.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH SEPTEMBER 2 2 , 19^8 ( I n thousands of d o l l a r s ) ASSETS Gold c e r t i f i c a t e s Redemption fund for F. R. n o t e s Total Boston 21,987,670 785,859 618,671+ 55,500 T o t a l gold c e r t i f i c a t e reserves 22,606,31+1+ Other cash 271,577 •discounts and advances 309,31+1 I n d u s t r i a l loans 956 U. S. Govt, s e c u r i t i e s : Bills 6,182,21+2 Certificates l+,889,369 Notes 1,81+1+, 500 8,91+5,826 Bonds New York Phila. Cleve, Rich. Atlanta Chicago S t . L o u i s 605,299 1+52,298 790,990 1+5,359 22,31+1+ 36,569 859,159 7,186,271 1080,596 li+8l+,3i+0 1121;,£97 1065,569 1+1+79,672 61+8.658 i+7i+,61+2 1+5,922 ll+,268 22,1*63 15,851 21,939 38,723 10,1+35 11,609 27,762 87,805 21*,553 25,336 20,137 16,659 39,508 19,916 6,620 18,655 708 200 1+8 827,559 12,837 17,015 1+15,597 528,682 125.995 601,2^0 7,125,758 1021,971 li+10,905 1065,981 1022,955 l+38l+,58l+ Minn. Kans.Cy. 60,555 58,1+25 75,255 1,1+82,390 1+1+1,596 592,693 1,172,382 31+9,21+8 1+68,71+1+ iU+2,278 151,755 176,852 2,11^,569 658,857 857,1+1+5 58,716 1+0,1+11+ 95,288 D a l l a s SanFran. 536,21+7 2787,065 27,110 1+7,381 565,557 2851+, 1+1+1+ 12,172 57,598 9,1+95 23,561+ 1+01,502 309,956 90l+,875 515,813 189,251 288,160 280,172 562,279 317,555 21*5,119 69l+,72l 269,957 ll+9,66o 227,898 221,581 1+1+3,81+2 119,789 92,1+70 262,081 101,81+1 56,1+58 85,971+ 83,591 167,1+38 580,81+8 1+1+8,581 1270,810 1+95,815 273,761 1+16,881 1+05,525 811,891+ T o t a l U.S.Government securities 21,859,957 11+69,511+ 5,21+1,619 1561,1+51+ 2095,711+ 11+19,671+ 1095,906 5152,1+85 1179,1+26 669,110 1018,915 T o t a l loans and securities 22,170,231+ 11+88,11+9 5,329,1+21+ 1586,715 2121,250 ll+i+0,159 1112,565 3171,795 H99,3l+2 Due from f o r e i g n banks ^9 3 l / l 6 1+ 1+ 2 2 7 2 F.R.notes of other banks 152,1*80 7,61+Q Uncollected items 3,037,1+59 227,061 17,658 508,191 8,1+59 6,983 189,602 505,552 17,61+6 10,856 285,1+22 195,522 20,297 1+68,678 8,166 123,756 990,669 1985,1+55 675,730 1055,928 1000,162 2009,017 1 2 2 1* 17,617 88,1+29 9,9 2 0 170,656 6,161+ 150,216 21,065 326,571+ Bank premises 52,578 l,20l+ 8,106 5,069 l+,823 2,586 1,586 3,025 1,958 1,188 2,i*05 767 1,665 other assets l62,o6i+ 11,095 58,1+51+ 11,017 15,61+9 10,1+55 8,211 23,05!+ 9,213 1+.901 7,599 7,51+1+ 15,076 TOTAL ASSETS 1+8,1+32,5652602,060 l5,l5l+,ol+2 2895,550 3958,81+1+ 2896,816 2lal+,050 8205,21+9 2001,528 127^,117 2066,90!+ 171+0,181+ 521+5,ol+l l/ After deducting $33,000 participations of other Federal Reserve Banks. H.l*.l(c) 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 23.996,907 1U1U.835 Deposits: Uember b a n k - r e s e r v e a c c t . 18,69l*,013 799,509 U . S . T r e a s u r e r - g e n e r a l a c c t . 1,^36,112 95,620 23,222 1*01,201 foreign U57.256 3,231 Other Total deposits 2 0 , 9 8 8 , 5 8 2 921,582 Deferred a v a i l a b i l i t y items 2,662,379 215,799 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 723 15,931* TOTAL LIABILITIES 1*7,663,802 2552,937 Capital paid i n 199W827 11,336 Surplus ( S e c t i o n 7) 1*1*8,189 28,117 Surplus ( S e c t i o n 13*0 27,51*3 3,011 Other c a p i t a l accounts 93,001* 6,659 TOTAL LIABILITIES AND CAPITAL AGCOUSTS 1*8,1^2,365 2602,060 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 776 U9 Commitments t o make i n d u s t r i a l 6,316 75 loans F.R. n o t e s o u t s t a n d i n g 2l*,787,97l 11*77.879 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 13,579,000 1*60,000 E l i g i b l e paper 1*1,281* 2,696 11,975,000 1100,000 U.S. Govt, s e c u r i t i e s Discounts and advances Industrial loans U.S.Govt, securities Total Within 15 days 309,31*1 956 21,859,937 76,903 766 2,919,837 STATEMENT OF CONDITION OF THE FEDERAL' RESERVE BANKS ON SEPTEMBER 22> 191*8 f 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 Minn. Kans.Cy. 5,1*89,61*2 161*0,723 2130,037 1675,757 1320,1*09 1*568,853 1091,208 6,115,91*0 911,619 131*5,757 790,1*1*9 761,1*02 83,863 305,963 8l*,85l* 116,163 117,999 1/150,537 29,857 33,9H 18,061 15,113 1*25 ~ 39k,355 2,028 5,523 2,720 6,967,295 1028,358 1501,351* 929,229 860,803 1*37,338 162,081* 255,069 251,499 199,120 626,907 933.U52 D a l l a s SanFran. 616,651* 21*88,1*32 2831*. 556 669,796 1*88,091 867,951 879,1*59 2 229,1*81* 253,335 75,571* 1*9,761 71,913 68,015 113,052 32,1*52 50,130 13,270 9,215 12,901 12,532 286 37,193 3,269 5,733 1,767 226 311*1,290 761*,373 51*8,831* 952,991 960,292 21*12,181 387,915 115,878 77,322 150,875 131*. 536 27l*,9l*i* 61*8 1,306 778 1,1*82 688 615 2,238 587 6ll* 530 5,725 12,900,000 2831,91*3 3887,91*2 2857,173 2380,91*7 8100,296 1972,01*6 1253,677 2037,8l*8 1712,130 5176,863 1*,1*00 6,872 7,765 18,672 69,009 ll*,628 19,013 8,528 7,805 25,20!* 6,595 138,596 35,350 1*2,173 21,210 19,110 66,217 16,972 11,233 16,11*8 11*,HI 38,952 7,319 1*,1*39 1,006 3,31*9 762 1,1*29 521 1,073 1,137 1,307 2,11*0 19,H8 7,120 8,710 6,556 5,1*26 12,103 5,39l* 3,731* 1*,899 1*,871 8,1*11* 13,131*,0i*2 2893,530 3958,81*1* 2896,816 2i*ll*,o50 8205,21*9 2001,528 127l*,117 2066,90!* 171*0,181* 521*5,01*1 106 26 68 19 27 362 1,091 138 300 1*87 5,673,231* 1690,976 2193,61*6 1729,021 1368,568 1*670,526 1136,750 639,992 3,750 958,511 113 61*7,1*68 2601,1*00 l*,770,ooo 6,295 280,000 8,160 700,000 169,000 2000,000 1,300 500,000 800,000 2/21*8 63 550,000 i*,o6o 72 735,000 - - 38 32 625,000 675,000 2300,000 7,7l*o - - - 28 315,000 200,000 10,738 295 1,000,000 1200,000 1500,000 1125,000 750,000 1900,000 950,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 6 months 31 t o 61 t o 16 t o 9 1 days t o 90 days t o 1 year 60 days 30 days 6 months 36,61*8 17 865,766 51*, 016 28 1,637,513 132,120 5U 2,01*1*, 1*73 9,651* 11 1,133,050 53 3,671*, 922 1*50,000 1 to 2 years 2 to 5 years Over 5 years 12 15 61*0,550 1,821*,566 7,119,260 l/After deducting $250,61*8,000 participations of other Federal Reserve Banks. 2/ After deducting $528,000 participations of other Federal Reserve Banks,
@FedFRASER