STATEMENT FOE THE PRESS C0EDITI01T OF FEDERAL RESERVE BAMS

Transcription

1 STATEMENT FOE THE PRESS Released for publication Board of Governors Friday morning, Nov. 1; of the Federal Reserve System not earlier# November 12, 19& C0EDITI01T OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve "bank credit outstanding during the week ended November 10f as reported by the Federal Reserve banks, was $2,^75,000,000, an increase of $1,000,000 compared with the preceding week and a decrease of $9,000,000 compared with the corresponding week in 195* On November 10 total Reserve bank credit amounted to $2,^70,000,000, an increase of $22,000,000 for the week. This increase corresponds with increases of $12,000,000 in member bank reserve balances and $15,000,000 in money in circulation, offset in part by an increase of $1+7,000,000 in monetary gold stock and decreases of $66,000,000 in Treasury cash and deposits with Federal Reserve banks, and $9,000,000 in nonmombor deposits and other Federal Reserve accounts. Member bank reserve balances on November 10 were estimated to be approximately $2,260,000,000 in excess of legal requirements. Relatively small changes were reported in the System's holdings of "bills discounted, purchased "bills, industrial advances and United States Government securities. Changes in the amount of Reserve "bank credit outstanding and in related items during the we el: and the year ended November 10, I9S, were as follows: Increase or decrease since Bills discounted Bills "bought U. S, Government securities Industrial advances (not including 22 million commitments - ITovomber 10) Other Reserve "bank crodit TOTAL RESERVE BA'JX CREDIT Monetary cold stock Treasury currency Hov. 10 ITov. 4 Hov (In millions of dollars) 7 2, ^70 11,105 2, Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks Ilonmember deposits and other F.R. accounts 6,9 6,25 2, , $-201)

2 Released for publication Friday morning, ITovember 1,196; not earlier. B-SOla ASSETSA1JD LIABILITIES OP THE TWELVE FEDERAL RESERVE BAMS COIffillED ASSETS Ho v. 10,196 ITov. 4,196 Nov. 1,195 Gold certificates on hand and due from U. S. Treasury 2,726,7 8,650,7 7,124,156 Redemption fund - P. R. notes ,85 11,5^ IS,595 Other cash 24, ,55 24,585 Total reserves 8,981,991 8,911,546 7,77,6 Bills discounted: Secured by U.S.Gov't obligations,direct or fully guaranteed 4,128 4,l42 5,569 Other bills discounted ,95,497 Total bills discounted 6,866 7,077 9,066 Bills bought in open market,086,087 4,677 Industrial advances 26,281 26,474 2,689 U. S. Government securities: Bonds 79, ,001 Treasury notes 1,44,6 1,44,6 1,644,009 Treasury bills 6o6,9Q4 6q6,904 6,162 Total U.S. Government securities.. 2,40,227 2,40,227 2,40,172 Other securities jgi Total bills and securities 2,466,460 2,456,865 2,476,785 Due from foreign banks * l P. R. notes of other banks 2,289 24,52 22,19 Uncollected items 57,98 556, ,940 Bank premises 4g,067 48,067 50,220 All other assets , ,057 TOTAL ASSETS 12,14,95 12,048,652 10,666,118 LIABILITIES P. R. notes in actual circulation Deposits:.. 4,142,981 4,14,747,562,087 Member bank - reserve account.... 6,824,565 6,69,59 5,745,948 U.S.Treasurer - General account... 54,589 9^,5% 77,772 Foreign bank 4S,, S04 46,77 26,11 Other deposits i42,44p Total deposits 7,070,98 6,988,002 6,072,609 Deferred availability items 570, , ,195 Capital paid in 10,219 10,22 10,6 Surplus (Section.7) 145, , ,89 Surplus (Section 1b) 27,08 27,088 2,457 Reserve for contingencies ^,291 4,27 0,699 All other liabilities , TOTAL LIABILITIES 12,14,95 12,048,652 10,666,118 Ratio of total reserves to deposit and P. R. note liabilities combined... go.l# SO.lfi 76.6$ Commitments to make industrial advances 22,48 22,574 27,7

3 ASSETS ASSETS HID LIABILITIES 0? CHE FEDERAL RESERVE BA1KS Oil NOVEMBER 10, 196 B-oOlb Total Boston ITew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due fromu. S. Treasury 8,726, ,21, ,84 68, ,674 28,256 1,717, , , ,929 16, ,097 Hedemption fund - F.B. notes 11,85 1,627 1, , bl l 1,710 other cash 24,801 27,96 62,45 29,6 19,446 14,245 10,850 22,242 1,222 6,44o 1,27 7,178 16,10 Total reserves 8,981, ,714,25, , ,974 1^,06 251,59 1,7^0,62 271,7^1 179,96 264, , ,117 Bills discounted: Secured by U.S.Gov't obligations direct or fully guaranteed 4, ,156 ^5 so 2 m Other bills discounted 2,72 7 2, Total bill discounted 6, , i Bills bought in open market, , S Industrial advances 26,281 2,909 6,47 5,02 1,46 2, , ,120 S15 i,4l4 1,77 U S. Government securities: Bonds 79,960 27,24 100,88 2,675 2,425 19,62 15,50S 44,92 18,107 14,182 19,677 15,7*+,520 Treasury notes 1,44,6 10,456 8, , ,968 74,54 52, ,64 6s,781 5,272 74,74s 59, ,5 Treasury bills 606,904 4, ,18 52,191 61,7b 1,^4 24,770 70,907 28,921 22,65 1,^0 25,1 5,541 Total U.S.Govt, securities 2,40, , ,24 208, , ,510 99,122 28,9 115,209 90, , ,67 214,96 Total bills and securities 2,466, ,97 658, , ,55 128,480 Due from foreign "banks E.R. notes of other banks 2, , ,240,7 Uncollected items 57,92 55, ,920 7,00 57,10 56,797 Bank premises 48,067,11 io,s6o 5,079 5,525 2,919 All other assets 40, ,902,176 1,695 1,22 99, ,90 116,555 S ,544 25,10s 2,99 72,24 1,41 2d,4S8 2,284 4,2 2,45 1, s 16,5S6 1,5^ 16 1,261 6,912,6l ,05 1, ,95 4,06, TOTAL ASSETS 12,14,95 22,525 4,221, ,292 97, ,072 21,7^9 2,106, ,91 291,210 42,76 01,22 87,559

4 LIABILITIES ASSETS AITD LIABILITIES OF THE FEDERAL RESERVE BA1KS Oil IIOV1ER 10, 19b B-801c F.R.notes in actual circulation Deposits: Member bank - reserve account U.S.Treasurer - General account Foreign "bank Other deposits Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 1 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kalis.Cy. Dallas San Fran. 4, 1^2,921 62, ,471 0,590 4o4,48 205, ,871 90,701 I8i,i64 12, ,701 92,17 5,224 6,824,565 S1.H 5^,5S? 6,01 48,804, ,440 4,787 7,070,9s 570,910 10, ,501 27,088 4,291 1,565 95,67 56,020 9,97 9,902 2,874 1,51 280,01,2^7 15,990 19,045 70,06,118,45 127,708 50,29 50,825 7,744,849 7,515 4o4,S85,999 4,5s 1,42 4i4,674 6,1 12,207 1,4O6 4,21, , ,571 6,805 5,575 4,12 2,062 24,204, ,591 21,42 56,560 55,09 12,569 4,716 14,71 5,186 1,007,448,110 1, ,150 1,567 l,54o,5 155,946 24,510 4,24s 5,6i , ,050, ,46 1,59^ 1,057,964 74,226 12,191 21,50 1,91 7, ,605,20S i,4o6 7,5^2 199,761 27,755.J5I 946 itl 126,876 1.W 1,125 4,01 1,648 16,09 2,944,149 1,00 1, , , ,029 1,708 4,260,659 1,59 1,59,24 22,09 18,448 20,245 6,070,952,61 1,142 c4o ,564 26,446,2 480,70 4,152 10,176,7 9,545 1,252 1,596 12,14,95 8,525 4,221, ,292 97, ,072 81,749 2,106, ,91 291,210 42,76 01,2s 87,559 1,28 1, Commitments to make advance s industrial 22,4 2,406 9, ,96 2, ,287 7* ,245 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Bills bought Industrial advances U.S.Government securities Total Within 15 days l6 to 0 days 5,866,086 26,281 2,40,227 5,10 i4i , ^ 44,586 1 to 60 days ,05 6l to 90 days 209 2,51^ 721 4, days to 6 months 156 2,054 40,964 Over 6 months 21,41 1,802,51

5 FEDERAL RESERVE HOTE STATEMENTOIT EOVEMBER 10, 196 (in thousands of dollars) B-SOld Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank by FJl.agent 4,UU,26l 8^,50 956,887 14, ,6 218, , ,^0 190,094 16,8^6 167,^50 101,14 80,6^5 Held by Federal Reserve bank 00,280 21,81 106,Hl6 10,791 2,880 12,885 20,056 25,79, ,7^9.97 ^5,421 In actual circulation 1^2,981 62, ,1+71 0,590 4o4,HS 205,70b 187,871 90, ,l6H 12, ,701 92,17 5,224 Collateral held by agent as security for notes issued to bank; Gold certificates on hand and due from U. S. Treasury 4,95,88 96, ,706 18,000 40, , , , ,62 12, , ,500 84,000 Eligible paper 5, ,04 46 SO U. S. Gov't securities S ,000 0,000 15,000,000 Total collateral 4,49,95 96, ,740 1s,o46 1+0, , , , ,74 1,000 l6s, ,540 84,060