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BOARD OF GOVERNORS OF -THE FEDERAL RESERVE SYSTEM (Released for P u b l i c a t i o n Friday morning, September 2 7 ; n o t e a r l i e r ) H.U.I Septenber 2 6 , I9U6 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 2 5 , member bank r e s e r v e b a l a n c e s decreased $305,000,000. Reductions i n member bank r e s e r v e s arose from i n c r e a s e s of $569,000,000' 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,, $103,000,000 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 accounts and $1^,000,000 i n T r e a s u r y cash, o f f s e t i n p a r t by; i n c r e a s e s of $361,000,000 i n Reserve Bank c r e d i t , $13,000,000 i n gold s t o c k and $2,000,000 i n T r e a s u r y c u r r e n c y and a d e c r e a s e of $5,000,000 i n money i n c i r c u l a t i o n . . Excess r e s e r v e s of member banks on September 25 were e s t i mated t o be a p p r o x i m a t e l y $770,000,000.• 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 $32,000,000 and of United S t a t e s Government s e c u r i t i e s $UU5,000,000. 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 $273,000,000 i n b i l l s and $172,000,000 i n c e r t i f i c a t e 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 the week and the year ended September 2 5 , I9I46, were as 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 Sept. 25, S e p t . 18, Sept.,.26, " 19U6 19U6 19U5 ( I n m i l l i o n s of d o l l a r s ) 32 116 + + 680 130 . + + + 361 13 2 + + + '693 _ 305 5 1U 569 103 + •' + + - 701 719 16 33 179 hk5 Wk + + - T o t a l Reserve Bank c r e d i t Gold ' s t o c k Treasury c u r r e n c y 2U,565 20,301 U,5U7 Member bank r e s e r v e b a l a n c e s Money in c i r c u l a t i o n T r e a s u r y cash Treasury 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 other F.R.accounts 15,975 28.UU8 2,279 928 1,002 + + + U. S. Government s e c u r i t i e s Loans, d i s c o u n t s ' and advance Other Reserve Bank c r e d i t 23,866 295 *1 U • c / * H4.2 208 325 E.U.l(a) STATEMENT OF CONDITION OF 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 d e c r e a s e since Sept. 25, 1946 A S S E T S . Other cash ' Discounts and advances Industrial loans Acceptances purchased U. S. Govt, securities^ Bills Certificates Eotes Bonds Total U. S.Government • Total loans and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 17,327,178 769,617 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 • i. ,, 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 TOTiiL LIABILITIES ' C A P I T A L A C G 0 UN f ' S Capital paid in Surplus ( S e c t i o n 7) Surplus ( S e c t i o n 15b) 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 P. R. n o t e , l i a b i l i t i e s combined Commitments- t o make i n d u s t r i a l loans - 1,829 + + 132,115 45,534 -• 1,829+ 3,072 + 31,308 36 - 2,107 : + 177,697 + 614,056 - 128,158 - ' 1,950 + 3,338 +272,964 +172,000 +1,526,348 + 682,448 -1,306,550 - 222,102 +444,96>4 + 680,144 +474,129 + 553,394 139,596 2,439,962 32,742 472 -450,044 30 + 1,337 + •+ 46>„128 +27,107 • 1,463,705 18,096,795 299-, 644 293,508 1,031 3,33:0 14,739,504 7,775,409 595,600 755,290 23,-865* 003 24,163,680 92 TOTAL ASSETS r , S e p t . 26, 1945 , , Gold certificates Redemption fund for F.R. notes Total gold certificate reserves —• S e p t . 18, I9U6 - 18 40,287 640,437 1,095 n,055 45,218,639 24,416,266 - 2,961 + 486,I90 15,974,622 ' 928,063 667,644 544,565 18,114,694 2/019,157 -305,581 +568,706 + 16,630 + 85,909 +363,661; +565,661; -536,335 + 701,048 •35,152 .585,066 88,684 373,514 501,476 . + 1^317 1,620 44,563,1434 + 25,488 134,214 358;355 .27,428 85,208 45,218,639 171 '42.5/0 5,961 + 1,790 + 227,107 7,167' -+ .h% .h% 26 + + + 2,501 •+1 ,365,681 •+1,565,-681 + + + + - 12,120 150,202 ;. 265 42,565 +1,463,705 + .5% 1,587 H.it.l(b) • STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 25, 19^6 •• • " (In thousands o.f dollars) Total Boston - New York Phi la, Cleve. .. Rich. Atlanta' Chicago St,Louis" ASS E T S Minn, Kans.Cy, Dallas SanFran.. • Gold certificates 17,327,178 756,321* 5,218,676 851,21*1 1119,931; 901,772 865,62-0 55-10,625 561,005 336,1*23 573,966 :1*55,550 2197,266 Redemption fund for •• F. R. notes 769,617 r 56,776 Total gold certificate roseriFSF other cash Discounts and advances Industrial loans acceptances purchased U.S.Govt, securities: 118,890 60,1*71 75,1*22 62,1*86 1*1*, 677 119,698 1*2,013 21,095 5k, 1*89 "' ; 25,1*35 107,967 • 18,096,795 299,64!; 812,100 21*, 193 5,537,566 72,1*77 295,508 1,031 3,558 13,097 68 —- 89,720 3,358 891,712 1195,556 19,533 2o,loli 18,265 963 —- 28,201 961*,258 910,297 3650,521 2o,6oo 2o,580 38,852 38,095 16,590 27,1*00 -— 603,016 15,198 557,518 7,217 19,875 13,850 608,1+55 1*80,765 2305,255 16,209 10,1-93 5^, 153 8,855 '' 1*,360 - 15,1*20 --- B iHs. Certificates 11;, 759,501; 350,505 5,666,153 96I;,1*20 1570,595 9i*2,829 791,027211*7,991. 608,918 376,31*7 665,177 555,2a6 1820,272 7,775,1*09 51*0,1*1*8 l,976,o2o 595,561* 691**273 1*71*,208 l*ol*,321 101*0,009 599,350 225,105 568,269 517,11*2 71*2,220 Notes 1*1,598 151,561; 1*5,621 55,182 56,525 50,971 79,665 50,627 17,090 28,210 24,293 56,851* 595,600 3 ndS ° .755,290 52,1*98 I9l,9l;7 57,852 67,1*1*1 1*6,061* 59,275 101,025 58,853 21,672 55,775 30,807 72,098 Total U.S.Government ;"" ' ; ~ securitieT 25,865,305 li*8l*,8l*7 5,935,1*69 I663,u57 2185,1*89 11*99,1*26 1265,591* 5568,685 1073,215 653,211* 1097,1*29 907,553 2691,1*1*1* Total loans and securities 2l*,l63,680 11*98,012 Due from foreign banks 92 5 F.R.notes of other brinks 139,596 %532 Uncollected items 2,1*39,962 207,955 Hank premises ,• 52,71*2 1,515 Other assets 1*6,128 5,258 TOTAL ASSETS 6,073,527 1682,685 2213,690 1537,521- 1261,981; 3396,033 1098,088. .652,061; 1106,261; 911,898 2706,86!* l / 56 . ,• 7 - 8 • 1* 5 11 5 2 5 5 7 -2-0,703 5,527 6,977 25,51*7 9,595 15/529 9,757. : 11,728 7,397 1*,319 18,1*85 526,169 il*5,27l* 2ii,l*io 207,625 11*5,1*57 575,715 106,851 ' 57,720 115,217 95,085 2^7,528 8,552 3,205 5,9ll* 2,707 1,557 5,069 2,026 1,280 2,5l*l* 806 1,807 10,5l;5 5,105 l*,8l*8 2,852 2,502 6,586 2,800 1,518 2,118 2,002 l*,l*5l* 1*5,218,659 2552,528 12,051*,355 2.751,105 5656,507 2759,091* .2571,955 71*66,31*6 1837,759 1008,81*7 1356,707-1505,567 5513,511 l / A f t e r deducting £56,000 p a r t i c i p a t i o n s df .other Federal Reserve Banks, • , - H.l+.l(c) STATEMENT OF CONDITION OF'THE'FEDERAL RESERVE.: BANKS ON SEPTEMBER 2 5 , I9I+6 ( I n thousands of d o l l a r s ) Boston L I A B I L I T I E S Total F e d e r a l Reserve n o t e s 2l+,l+l6",266 ll+61+,9l+2 Deposits : Member b a n k - r e s e r v e a c c t . 15,97l+»622 755,952 U _ S . T r e a s u r e r - g e n e r a l a c c t . ; 928,065 31,525 Foreign .667,61+1+ 1+0,1+1+7 Other •?• 5l+l+,565 5,65l+ I8,lll+,69l+ Total d e p o s i t s --. Deferred a v a i l a b i l i t y items 2,019,157 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 .' 13i317 TOTAL LIABILITIES C a p i t a l paid i n Surplus (Se-ction 7) Surplus ( S e c t i o n 15b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Commitments, t o make i n d u s t r i a l loans New York Phila. Cleve. Rich. A t l a n t a Chicago S t . L o u i s 5,551,931+ 1650,538 2085,768 1728,21+2 ll«25,729 1+1+88,1+55 1062,321 Minn. Kans.Cy. 576,521 902,355 D a l l a s SanFran. 6u0,i+26 2873,157 5,053,896 8 0 5 , 6 2 5 1 1 6 8 , 6 5 6 ' 158,1+11+ 58,250 95,256 1/21+9,290 52,003 53,271+ 1+61+,015" 2,597 6,650 361,553.5,910,615 132,960 331,312 712,559 32,752 29,1+50 5,189 706,002 2295,759 1+9,611 207,297 25,311 35,965 l,6ll+ 5,1+32 57l+,9l+5 1+7,103 21,501+ 8,531 399,809 27,701+ 15,665 2,ll+9 776,581 50,035 20,678 223 750,1+16 2015,682 27,600 61+,705 20,051 52,701 6ii+ 1+5,311+ 913,1+30 1526,796 123,150 181,709 327,750 169,391+ 731,053 2590,1+33 157,228 297,1+95 651,738 93,926 14+5,527 l+9-,052 827,570 102,111+ 793,681 217!+, 900 82,939 206,350 1,211 619 k59 : 750 1+60 !+,-05l+ 769 751 577 2,011 520 1,176 l+l+,565,l+5l+ 2510,009 11,31+8,14+5 2697,729 5595,1+31+ 2726,1+35 25l+l+,572 7573,1+22 1315,914+ 1071,650 1352,997 11+32,616 5261,035 l8l+,2li+ 5.58,555 27,1+23.. 85,203 10,385 22,1+59 5,012 5,985 61+.597 U6,36o 7,205 17,250. 13,6l4l 28,91+6 1+,501 6,236 13,251 55,7lf5 1,007 7,320 7,759 15,593 3,526 5,931 7,011 lkJ+50 762 5,11+0 22,227 53,029 1,1+29 11,259 1+,GG2 3,369 1,073 3,255 5,995 12,939 527 l+,336 6,033 11,391 1,157 1+.591+ 6,716 10,670 1,507 1+,G58 17,01+1+ 23,921+ 2,11+2 9,518 ;' 1+5,213,659 2552,523 12,0>1+,555 2751,105 5656,507 2759,091+ 2571,955 71+66,51+6 1357,739 1033,31+7 1356,707 1505,361 5313,511 572 5,961 F . R. n o t e s o u t s t a n d i n g . • 25,119,275 1506,622 C o l l a t e r a l -for F„ R. note's held by F.' R. A g e n t s : Gold c e r t i f i c a t e s 10,359,000 1+50,000 E l i g i b l e paper Ul+,367 l+,777 U. S. Govt, s e c u r i t i e s 11+, 731+ ,1+11 1100,000 671 1+2 --*• 15 l+,0l+0 1+50 I65 3 5,697,306 1699,779 211+1,597 1773,000 11+70,91+1 1+535*61+2 1098,566 533,122 931,563 652,38!+ 2995,71+3 5,1+70,000 500,000 655,000 595,000 535,000 2225,000 55,630 7,hi 5 51,8,35 2,300,000 1200,000 1550,000'1200,000. 900,00021+00,000 170,000 10,600 1+25,000 230,000 l+,5l+5 700,000 169,000 1500,000 l+,500 500,000 1600,000 500,000 15,1+55 909,1+H •MATURITY DISTRIBUTION OF "LOANS AND SECURITIES Total Discounts and advances I n d u s t r i a l loans a c c e p t a n c e s purchased U. S. Govt, s e c u r i t i e s 293,503. 1,051 5,333 23,865,803 Within 15 days .16 t o 50 days 11+3,555 391+ 5,332 k,199,551 '2,950 c 51 t o 60 days 10,610 3 61 t o 90 days 131,395 61 91 days to 6 months 9 6 months to 1 year 12 l to 2 year s 2 to 5 years Over 5 years 56 320,1+0011+3,550 2,21+6,01x9 5,310,260 l+,31+3,2l+l+ 2,51+2,171+ 5,67l+,055 l / A f t e r d e d u c t i n g $1+17,91+5,000 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. 53i,9l+o
@FedFRASER