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Supplement to

BANKING &
MONETARY
STATISTICS
SECTION 9

Federal Reserve Banks

BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM




Preface
In 1943 the Board of Governors published
Banking and Monetary Statistics to make available in one place and on a uniform basis major
series relating to banking, monetary, and other
financial developments. The statistics usually
covered the period from 1914, when the Federal Reserve System was established, through
December 1941.
To bring together for the period since 1941
the most important series in that volume, to
revise the data previously published, and to
present new series, the Board is publishing a
series of pamphlets. Most of these pamphlets
correspond to sections in Banking and Monetary Statistics, but some may cover new subjects.
Most of the data included in these pamphlets
have already been published in the Federal

Reserve Bulletin, and current figures for most of
the series are published in it each month. In
some instances, however, the type of presentation may vary considerably from that in the
Bulletin.
This is one of the new pamphlets. As in
Banking and Monetary Statistics, there is a
brief description of the purpose and history of
the data, the sources of the figures and the
methods by which they were compiled, and
other facts to guide the reader in using the
figures. Much of the information that is customarily included in footnotes to tables has been
incorporated in the text. Footnotes have been
used for the most part to call the reader's
attention to any lack of comparability of items
over the period covered.
Board of Governors
of the Federal Reserve System

Washington, D. C.
December 1965

Price per copy, 35 cents

Contents
Page
INTRODUCTION

1

GOLD CERTIFICATE RESERVES

1

FEDERAL RESERVE BANK CREDIT

2

DEPOSITS

2

FEDERAL RESERVE NOTES

3

RESERVE POSITION

3

EARNINGS

4

SERVICES OF THE RESERVE BANKS

4

KEY TO SYMBOLS USED IN TABLES

iv

TABLES :

1. Statement of Condition of Federal Reserve Banks:
A. All Banks Combined, 1941-64
B. Each Bank, 1945, 1950, 1955, and 1964

5
8

2. Principal Assets and Liabilities of Each Federal Reserve Bank, 1941-64

14

3. Discounts and Advances Held by All Federal Reserve Banks Combined, 1937-64
4. Acceptances by Class of Paper Held by All Federal Reserve Banks Combined, 1937-64
5. U.S. Government Securities Held by All Federal Reserve Banks Combined:
A. Types of Issues, 1941-64
B. Maturity Distribution, 1941-64
6. Industrial Loans of All Federal Reserve Banks Combined:
A. Number and Amounts Applied for and Approved and Amounts Outstanding,
1934-59
B. Maturity Distribution of Loans Outstanding, 1934-59
7. Deposits, Federal Reserve Note Liabilities, Reserves, and Reserve Ratio of All Federal
Reserve Banks Combined, 1941-64
8. Federal Reserve Notes: Amounts Outstanding and Collateral:
A. All Banks Combined, 1941-64
B. Each Bank, 1945, 1950, 1955, and 1964

18
19




111

20
22

25
26
27
31
32

9. Earnings and Expenses of Federal Reserve Banks:
A. Summary: Cumulative 1914-64; and Annually 1942-64
33
B. Detail for Each Bank During 1964
34
10. Volume of Operations in Principal Departments of All Federal Reserve Banks Combined, 1964
36




KEY TO SYMBOLS USED IN TABLES

Zero;
Amounts insignificant in terms of the
particular unit (e.g. less than 500,000
when the unit is millions); or
No figure to be expected (e.g. one or
more series in a table may start at a
later date than others shown).

IV

9.

Federal Reserve Banks

THIS SECTION CONTAINS statistics on the condition and operations of the Federal Reserve
Banks. Their significance and their arrangement
from the viewpoint of Federal Reserve policy
and the money market are explained in "Member
Bank Reserves and Related Items," Section 10
of Supplement to Banking and Monetary Statistics, published in 1962 by the Board of Governors. Discussions of the purposes, functions,
and operations of the System are available in
several publications of the Board, such as The
Federal Reserve System—Purposes and Functions,
published in 1963, and Banking Studies, published in 1941.
The statistics in this section show the financial
condition of the 12 Reserve Banks and are
published in the Board's weekly release (H.4.1),
"Factors Affecting Bank Reserves and Condition
Statement of Federal Reserve Banks," and in the
Federal Reserve Bulletin. As required by Section
11 of the Federal Reserve Act, the statements
show the character of the money held as reserve
and the amount, nature, and maturities of the
paper and other investments owned by Federal
Reserve Banks.
The first condition statement of the Federal
Reserve Banks was published November 21,
1914, five days after the Banks opened. Through
April 22, 1921, the statements were released
Saturday as of Friday; since then they have been
released Thursday as of Wednesday. Because of
its broad coverage and the promptness with
which it is available, the statement is useful in
indicating the direction of Federal Reserve policy
as it influences the supply of member bank
reserves.
The form of the condition statement has
changed over the years. Reporting of some items,
especially those relating to reserves of Federal




Reserve Banks and to collateral for Federal Reserve notes, has been affected by changes in the
Federal Reserve Act, as noted below in the discussion of specific tables.
The material on operations of the Federal
Reserve Banks was taken from a variety of reports that the Reserve Banks submit regularly
to the Board of Governors. These statistics
serve chiefly to assist the Board in supervising
the Reserve Banks, and they also indicate the
size and scope of Federal Reserve Bank services,
and the expansion or contraction in the public's
need for such services.
This section includes 10 tables. For the most
part the statistics in these tables are for all Federal Reserve Banks combined. The exceptions
are in Tables 1-B; 2; 8-B; and 9-B, each of
which shows statistics for each of the 12 Reserve
Banks. As a rule, the statistics are annual or
semiannual for the period 1941-64. In Tables 1-B
and 8-B, however, they are for selected year-end
dates.
GOLD CERTIFICATE RESERVES

Federal Reserve Banks are required by law to
hold certain minimum reserves in the form of
gold certificates. Tables 1 and 2 show the amount
of the reserves held by the Reserve Banks at the
end of each year 1941-64, and Table 7 summarizes the reserve position of the Reserve
Banks during the same period by months. Reserve ratios are discussed later under the heading
"reserve position."
The gold certificate reserves of Federal Reserve Banks are backed dollar for dollar by gold
in the Treasury. The supply of these reserves is
dependent primarily upon the size of the monetary gold stock—or to be more precise, upon that
part of the gold stock against which the Treasury

has issued gold certificates or credits payable in
gold certificates.
On the Federal Reserve Bank condition statements, reserves are divided between the gold
certificate account and the redemption fund for
Federal Reserve notes. Most of the gold certificate account is made up of the Interdistrict Settlement Fund, through which payments between
Reserve Banks are effected, and the Federal
Reserve Agents' Fund, representing gold certificates pledged as collateral for outstanding Federal Reserve notes. Together, the Interdistrict
Settlement Fund and the Federal Reserve
Agents' Fund make up the "Gold Certificate
Fund—Board of Governors, Federal Reserve
System," carried on the books of the U.S. Treasury as a gold liability. The redemption fund for
Federal Reserve notes consists of a deposit by
each Federal Reserve Bank with the Treasury
against which the amounts of notes redeemed by
the Treasury are charged. In practice these redemptions are small and are confined mostly to
the notes the Treasury receives locally from commercial banks in the District of Columbia.
FEDERAL RESERVE BANK CREDIT
The Federal Reserve Banks acquire earning assets—principally Government securities, discounts and advances, and acceptances—when
they supply additional reserve funds to member
banks. Annual figures for these earning assets are
shown by broad classes in Tables 1 and 2. More
detailed figures, including maturity distributions,
for each class of asset are shown in Tables 3-6.
The bulk of Federal Reserve Bank credit consists of holdings j)£JJ^S^Government securities,
and purchases and sales of such securities provide the chief instrument of Federal Reserve
monetary regulation. Table 5 shows the types of
Government securities held by the Reserve Banks
and their maturity distribution. Data on holdings
of Government securities by each Federal Reserve Bank are shown in Tables 1-B and 2. Detailed information on issues held at the end of
each year is given in the Board's Annual
Report.




Totals for discounts and advances are shown
in Tables 1 and 2. Table 3 shows borrowings
by member banks separate from borrowings by
others: the latter consist mostly of foreign loans
on gold. Member bank borrowings are divided
to show the total of rediscounted paper and the
total of advances on promissory notes. Under
promissory notes are shown the amounts secured
by U.S. Government obligations, by other
eligible collateral, and by collateral not eligible
for discount or purchase under Sections 13, 13a,
and 14 of the Federal Reserve Act. These classifications of discounts and advances are shown for
all Federal Reserve Banks combined as of the
end of June and December, 1937-64.
Table 4 shows the amounts of acceptances held
by all Federal Reserve Banks combined. These
are classified by method of purchase—that is,
whether bought outright or bought under repurchase agreement. Total holdings are classified
according to the maturity of holdings, and those
bought outright are further classified according
to the nature of the underlying transaction.
Detailed data regarding industrial loans—
including the number and amount of loans applied for and approved, the outstanding amounts
of direct advances, commitments, and participations, and the maturity distribution of advances
—are given in Table 6.2 (See Note, Table 6.)
DEPOSITS
Deposits at Federal Reserve Banks shown in
Tables 1, 2, and 7 consist mainly of the reserves
of member banks. However, they also include
the principal checking accounts of the Treasury,
deposits of foreign banks and governments, and
various other deposits, such as those maintained '
by nonmember banks for use in clearing and
collecting checks and deposits of various Government agencies.
Beginning late in 1959, the comparability of
figures on member bank reserve balances was
affected by a revision in the law. An amendment
2
For a description of "industrial loans," see Banking and Monetary
Statistics, Board of Governors of the Federal Reserve System, 1943,
p. 327.

in that year to Section 19 of the Federal Reserve
Act granted the Board authority to permit member banks to count all or part of their currency
and coin as reserves. Part of such cash was allowed as reserves between December 1, 1959,
and November 23, 1960, and all was allowed
thereafter. Previously, since mid-1917, only the
balance on deposit at a Federal Reserve Bank
could be counted as reserves.3
FEDERAL RESERVE NOTES
Federal Reserve notes, which are liabilities of the
Federal Reserve Banks that issue them, are the
major part of the country's circulating medium.
They are a prior lien on all assets of the issuing
Reserve Bank and are also obligations of the
U.S. Government.
Federal Reserve notes must be secured by the
pledge of collateral of at least equal amount.
The original Federal Reserve Act limited the
collateral to eligible paper representing discounts
by member banks, but the law was amended in
1916 to include bills bought in the open market
and, in 1917, gold certificates and member bank
promissory notes. The pledging of Government
securities as collateral was first authorized by
Congress in 1932 for a temporary period. The
authority was periodically extended, and in 1945
it was made permanent.
The Federal Reserve Act originally prohibited
a Federal Reserve Bank from paying out notes
of another Federal Reserve Bank. This provision
was thought to be necessary to prevent a redundancy in the circulation, but experience indicated that demand for currency was in no way
related to the Bank of issue. The prohibition
was removed by Congress in July 1954. Since
that time each Federal Reserve Bank has been
allowed to recirculate notes of other Federal
Reserve Banks. They classify as cash any such
notes on hand.
The liability of Reserve Banks for Federal
Reserve notes is shown for year-end dates from
3
Before June 21, 1917, member banks were authorized to hold a
part of their reserves as cash in their own vaults and a part on deposit
with other banks in addition to their balances with the Federal Reserve
Banks.




1941 through 1964 in Tables 1 and 2 and by
months in Table 7. Information regarding the
amounts of Federal Reserve notes issued and
collateral pledged is given in Table 8. Data on
Federal Reserve notes in circulation appear in
Table 8 and also in Section 11 of Supplement to
Banking and Monetary Statistics.
RESERVE POSITION
The Federal Reserve Act provides that each
Federal Reserve Bank shall maintain a reserve
in gold certificates of not less than 25 per cent
against its Federal Reserve notes. The Board of
Governors is authorized to suspend the requirement for temporary periods but is required to
establish a graduated tax upon any deficiency in
required reserves.
Before June 1945, the Reserve Banks were required to hold reserves in gold certificates of not
less than 40 per cent against their notes in circulation and reserves in gold certificates or lawful
money of not less than 35 per cent against deposits. Between June 1945 and March 1965 the
reserve percentages required were 25 per cent in
each case.4
For convenience, Table 1 on assets and liabilities of Reserve Banks includes, for year-end
dates, ratios of total gold certificate reserves to
deposit and Federal Reserve note liabilities combined although cash reserves other than gold
certificates were countable against deposits
during part of the period covered by the table.
Table 7 shows monthly data relating to the reserve position of Federal Reserve Banks for the
period 1941-64. Two columns in this table
summarize the reserve position—"reserve ratio"
and "excess reserves." The remaining columns
show the data on which these figures are based.
Except for the period January 1941-June 1945,
the reserve ratio is the ratio of total gold certificate reserves to deposit and Federal Reserve note
liabilities combined. During that period it was
the ratio of gold certificate reserves and other
4 The Act of Congress, approved March 3, 1965 (Public Law 89-3),
eliminated the requirement that Federal Reserve Banks maintain
reserves in gold certificates against deposit liabilities.

cash to total deposits and note liabilities. Excess
reserves are the amount by which total reserves
exceed required reserves; the latter figures are
computed by applying the current minimum
legal ratios against notes and deposits.
EARNINGS

Table 9-A summarizes the earnings and their
disposition for the years 1914-64 for all Federal
Reserve Banks combined; and Table 9-B shows
the details of earnings and expenses of each
Reserve Bank in 1964, together with statistics
on the number of officers and employees as of
the end of the year.
The Federal Reserve Banks are not operated
for profit, but they are self-supporting. The
nature and the amount of Reserve Bank earnings
depend largely upon the demand by member
banks for Reserve Bank credit and upon Federal
Reserve policy as to open market operations.
Until 1933, the law provided that the net earnings of the Reserve Banks, after the annual 6 per
cent dividend on paid-in capital stock, should be
allocated to surplus until it equaled subscribed
capital stock. After that, 10 per cent of such
earnings were to be added to surplus and 90 per
cent paid as a franchise tax to the U.S. Government. In 1933 Congress required the Reserve
Banks to subscribe an amount equal to one-half
their accumulated surplus, or $140 million, for
nondividend stock of the Federal Deposit Insurance Corporation and, at the same time,
eliminated the franchise tax in order to permit
the Federal Reserve Banks to restore their surplus accounts from future earnings.
By the end of 1946 the surplus of each Reserve
Bank was at least equal to its subscribed capital,
and the procedure was adopted whereby the
Federal Reserve Banks began paying the bulk
of their net earnings to the Treasury as interest
on the amount of outstanding Federal Reserve
notes not covered by gold certificate collateral.
In the years 1947-58 the Reserve Banks paid to
the Treasury nine-tenths of their net earnings
after dividends and after adjustments to maintain
their surplus accounts at the level of subscribed




capital; in 1959 they began paying all of such
earnings. Since 1964 surplus has been maintained at the level of paid-in capital (which is onehalf subscribed capital).
The Reserve Banks may draw upon surplus to
absorb losses and to meet expenses and the annual 6 per cent cumulative dividend when earnings are low. In case of liquidation of the Reserve Banks, the law provides that the surplus
would go to the U.S. Government.
SERVICES OF THE RESERVE BANKS
Much of the time of the personnel of the Reserve
Banks is occupied with a variety of services that
they perform for banks and with their functions
as fiscal agents, depositaries, and custodians for
the Treasury and other Government departments
and agencies.
The Reserve Banks are the medium through
which Federal Reserve notes are issued and all
other kinds of U.S. money—paper and coin—
are put into circulation. They are also the medium through which money no longer needed
by the public or unfit for further use is removed
from circulation. A nation-wide system for the
collection of checks is conducted for member
banks and nonmember clearing banks.
The principal activities conducted by the
Federal Reserve Banks for the Treasury are
those incident to the issuance, exchange, and
redemption of Government securities and the
payment of Government checks and coupons.
The Reserve Banks also perform services for
other Government departments and agencies.
For some agencies they issue, exchange, and redeem securities; for some they hold securities in
safekeeping; and for some they perform special
services, such as activities incident to the food
stamp program and to the guarantee by the
Government of loans under the Defense Production Act of 1950.
Table 10 is a summary of the principal services
performed by the Reserve Banks during each of
the years 1941-64. Current statistics are published each year in the Board's Annual Report.

1. STATEMENT OF CONDITION OF FEDERAL RESERVE BANKS
A. ALL BANKS COMBINED, END OF YEAR, 1941-64
[In thousands of dollars]
Item

1941

1942

1943

1944

1945

1946

1947

1948

Assets
Gold certificate account
Redemption fund for F.R. notes

20,490,015 20,523,281 19,532,580 17,850,365 17,062,565 17,587,177 20,810,170 22,335,430
800,359
794,116
630,650
594,126
687,127
233,671
13,668
30,449

Total gold certificate reserves

20,503,683 20,553,730 19,766,251 18,444,491 17,862,924 18,381,293 21,497,297 22,966,080

F R notes of other Banks
Other cash
Discounts and advances:
Member bank borrowings
Other
Industrial loans
Acceptances:
Bought outright
Held under repurchase agreements
U.S. Govt. securities:
Bought outright:
Bills
Certificates
Notes
Bonds

36,287
260,678

57,053
354,084

90,598
329,822

112,514
242,189

153,226
236,315

163,385
267,890

162,242
272,631

186,738
292,303

2,955

3,071
2,500
13,649

5,255

79,825

10,134

3,751

201,865
47,040
1,941

15,739
147,340
550

34,825
50,600
1,387

32,680
190,125
832

9,504

1,009,995
1,041,000
1,345,059
2,792,581

2,254,475

6,188,635 11,542,947 18,846,205 24,262,248 23,349,685 22,559,334 23 332 746

Total U S. Govt. securities

2,254,475

6,188,635 11,542,947 18,846,205 24,262,248 23,349,685 22,559,334 23,332,746

Total loans and securities

2 266 934

6 207 855 11,558,336 18,929 781 24 513 094 23 513 314 22,646,146 23,556,383

Cash items in process of collection
Bank premises
Other assets:
Denominated in foreign currencies
All other

1,200,724
40,767

1,717,800
39,285

2,113,044
35,205

2,448,145
34,278

2,197,932
33,382

2,599,574
32,406

2,984,999
33,007

2,860,271
32,348

47
43,724

47
88,788

136
61,174

136
57,077

110
65,915

102
48,449

95
115,237

49
148,699

Total bought outright
Held under repurchase agreements

10,370

6,768,268 11,147,918 12,831,245 14,744,983 11,433,410 5,487,406
2,467,300 4,886,640 8,364,461 7,496,012 6,796,505 6,077,569
677,900 1,568,221 2,119,650
355,300 1,476,550
790,550
946,892
1,629,479 1,243,426
753,390 2,852,869 10,977,221

777,300
1,466,805

24,352,844 29,018,642 33,954,566 40,268,611 45,062 898 45 006 413 47 711 654 50,042,871

Total assets
Liabilities

8,192,169 12,192,986 16,906,359 21,731,017 24,649,132 24,945,304 24,820,434 24,161,103

F R notes
Deposits:
Member bank reserves
U.S. Treasurer—General account
Foreign
Other

12,450,333 13,116,809 12,885,984 14,372,899 15,914,950 16,138,878 17,899,371 20,479,200
578,617
440,487
867,493
799,449
976,668
392,869
870,031 1,122,900
774,062
792,790 1,360,488 1,203,703
862,320
508,016
391,849
641,692
355,936
586,170
485,147
445,572
313,638
569,433
393,881
547,252

Total deposits

14,678,058 15,194,195 15,181,025 16,410,970 18 199 510 17 353 401 19 730 684 22 791 044

Deferred availability cash items
Other liabilities

1,106,929
2,195

1,247,053
3,568

1,432,303
5,589

1,633,226
7,071

1,619,770
7,661

2,019,896
9,392

2,449,763
14,806

2,319,336
10,652

23,979,351 28,637,802 33,525,276 39,782,284 44,476,073 44,327,993 47,015,687 49,282,135

Total liabilities
Capital Accounts
Capital paid in
Surolus (Sec 7)
Surplus (Sec 13b)
Other capital accounts
Total liabilities and capital accounts
Ratio of gold certificate reserves to deposit and F.R.
note liabilities combined (per cent)
Contingent liability on acceptances purchased for
foreign correspondents
Industrial loan commitments
U.S. Govt. securities held in custody for foreign
account




142,180
157,501
26,780
47,032

146,026
160,411
26,829
47,574

154,104
188,097
26,965
60,124

162,531
228,153
27,165
68,478

177,095
358,355
27,428
23,947

186,830
439,823
27,455
24,312

195,517
448,189
27,543
24,718

201,351
466,711
27,543
65,131

24,352,844 29,018,642 33,954,566 40,268,611 45,062,898 45 006 413 47,711 654 50,042,871
89.6

75.0

61.6

48.4

41.7

43.5

48.3

48.9

2,460
7,434

3,329
1,643

187,200

593,500

14,597

10,661

9,270

4,165

1,644

6,547
8,309

79,890

481,047

832,554

959,523

1,653,981

969,450

1.

STATEMENT OF CONDITION OF FEDERAL RESERVE BANKS—Continued
A.

ALL BANKS COMBINED, END OF YEAR, 1941-64—Continued
[In thousands of dollars]

Item

1949

1950

1951

1952

1953

1954

1955

1956

Assets
Gold certificate account
Redemption fund for F.R. notes.

22,622,430 20,880,403 20,753,952 21,185,102 20,453,102 20,165,102 20,141,353 20,374,393
867,842
577,229
900,644
867,405
894,951
553,793
714,115
800,603

Total gold certificate reserves....

23,176,223 21,457,632 21,468,067 21,985,705 21,353,746 21,032,507 21,009,195 21,269,344

F.R. notes of other Banks.
Other cash
Discounts and advances:
Member bank borrowings
Other
Industrial loans
Acceptances:
Bought outright
Held under repurchase agreements.
U.S. Govt. securities:
Bought outright:
Bills
Certificates
Notes
Bonds

162,306
257,845

170,088
266,716

201,141
323,175

239,458
322,020

214,128
371,761

239,001
374,660

344,535
340,898

350,598
306,196

8,345
69,500
2,070

67,395

19,347

2,556

4,637

126,879
29,500
3,892

12,855
15,000
1,879

9,970
133,334
708

106,762
1,000
702

25,027
25,000
794

23,802
4,403

33,541
35,222

1,502,696 1,721,270
4,829,247 1,243,971
467,860
741,950 2,596,312 2,167,000
6,275,450 2,334,195 12,724,598 4,995,716 5,816,541 13,882,341 5,920,699 10,932,699
562,200 12,526,226 5,068,073 13,773,671 13,263,671 6,037,271 14,165,913 9,153,913
7,217,700

Total bought outright
Held under repurchase agreements.

4,620,075

5,344,127

4,521,975

3,641,150

2,801,750

2,801,750

2,801,750

18,884,597 20,724,467 23,604,658 24,033,312 25,317,674 24,888,362 24,391,058 24,609,632
393,575
44,000
597,900
305,100
53,100
196,700
663,700

Total U.S. Govt. securities.

18,884,597 20,777,567 23,801,358 24,697,012 25,915,574 24,932,362 24,784,633 24,914,732

Total loans and securities..

18,964,512 20,847,518 23,825,342 24,857,283 25,945,308 25,076,374 24,921,302 25,034,316

Cash items in process of collection.. .
Bank premises
Other assets:
Denominated in foreign currencies.
All other

2,946,781
33,738

4,270,008
39,972

3,905,327
43,599

4,238,779
48,348

4,225,210
52,465

3,958,555
54,748

5,502,663
61,164

5,623,921
73,361

38
101,654

24
120,356

28
133,157

23
160,878

22
151,917

22
136,268

22
160,227

22
252,054

45,643,097 47,172,314 49,899,836 51,852,494 52,314,557 50,872,135 52,340,006 52,909,812

Total assets.

Liabilities
F.R. notes
Deposits:
Member bank reserves
U.S. Treasurer—General account
Foreign
Other

23,482,646 23,587,018 25,064,109 26,250,299 26,558,372 26,253,133 26,920,941 27,475,657

Total deposits

18,906,232 19,809,553 21,191,576 21,344,054 21,422,414 20,370,718 20,355,051 20,248,652

Deferred availability cash items.
Other liabilities

16.568,088 17,680,744 20,055,716 19,950,372 20,160,435 18,876,128 19,004,930 19,058,790
393,863
563,137
441,243
345,866
246,687
388,808
668,454
821,354
401,986
489,960
423,298
322,294
526,375
549,959
766,521
895,442
554,272
441,493
492,815
362,798
454,915
426,325
750,269
564,913

2,412,620
9,474

2,901,599
5,600

2,721,490
13,809

3,271,561
14,923

3,290,407
18,170

3,150,357
13,945

3,917,294
14,687

3,959,006
17,279

44,810,972 46,303,770 48,990,984 50,880,837 51,289,363 49,788,153 51,207,973 51,700,594

Total liabilities.

Capital Accounts
Capital paid in
Surplus (Sec. 7)
Surplus (Sec. 13b)
Other capital accounts
Total liabilities and capital accounts
Ratio of gold certificate reserves to deposit and F.R.
note liabilities combined (per cent)
Contingent liability on acceptances purchased for
foreign correspondents
.'
Industrial loan commitments
U.S. Govt. securities held in custody for foreign
account




210,891
488,173
27,543
105,518

225,102
510,022
27,543
105,877

236,613
538,342
27,543
106,354

252,634
584,676
27,543
106,804

265,266
625,013
27,543
107,372

287,754
660,901
27,543
107,784

302,739
693,612
27,543
108,139

325,602
747,593
27,543
108,480

45,643,097 47,172,314 49,899,836 51,852,494 52,314,557 50,872,135 52,340,006 52,909,812
46.4

46.2

44.5

45.1

44.4

44.6

10,507
2,288

21,430
3,754

20,913
6,036

19,792
3,211

23,940
3,569

19,052
1,149

33,461
2,294

50,055
2,365

668,736

1,571,290

1,383,240

2,156,203

2,586,042

2,907,808

3,543,380

3,856,198

54.7

1.

STATEMENT OF CONDITION OF FEDERAL RESERVE BANKS—Continued
A.

ALL BANKS COMBINED, END OF YEAR, 1941-64—Continued
[In thousands of dollars]

Item

1957

1958

1959

1960

1961

1962

1963

1964

Assets
Gold certificate account
Redemption fund for F.R. notes.

21,215,392 19,012,893 18,185,642 16,413,642 15,444,643 14,429,643 13,819,143 13,505,143
869,249
937,919
978,083 1,065,793 1,170,495 1,266,423 1,417,709 1,569,836

Total gold certificate reserves.

22,084,641 19,950,812 19,163,725 17,479,435 16,615,138 15,696,066 15,236,852 15,074,979

F.R. notes of other Banks.
Other cash
Discounts and advances:
Member bank borrowings
Other
Industrial loans
Acceptances:
Bought outright
Held under repurchase agreements.
U.S. Govt. securities:
Bought outright:
Bills
Certificates
Notes
Bonds

443,288
338,622

476,993
336,474

524,450
359,396

525,056
362,726

503,117
321,066

488,703
286,591

497,156
182,692

684,235
145,833

50,364
5,000
482

46,063
17,900
336

452,726
5,000

24,939
8,000

113,934
15,000

37,242
1,000

30,310
32,000

155,851
30,000

42,337
23,351

43,290
5,799

44,168
31,173

53,335
20,262

48,515
3,008

52,562
57,692

69,978
91,742

58,929
34,839

983,573 2,250,450 2,605,765 2,900,173 3,193,086 2,442,009 4,141,422 6,044,275
1,699,500 13,181,939 7,066,231
19,933,612 18,649,726 10,506,993 9,059,743
2,867,565 11,010,298 12,481,298 19,983,842 10,717,281 17,729,041 25,187,522
2,801,750 2,483,771 2,483,771 2,543,071 3,845,721 4,136,757 4,645,407 5,274,497

Total bought outright
Held under repurchase agreements.

23,718,935 26,251,512 26,606,827 26,984,285 28,722,149 30,477,986 33,582,101 36,506,294
159,000
10,800
537,500
95,000
41,500
400,000
342,000
519,350

Total U.S. Govt. securities.

24,238,285 26,346,512 26,648,327 27,384,285 28,881,149 30,819,986 33,592,901; 37,043,794

Total loans and securities..

24,359,819 26,459,900 27,181,394 27,490,821 29,061,606 30,968,482 33,816,931 37,323,413

Cash items in process of collection.. .
Bank premises
Other assets:
Denominated in foreign currencies.
All other
Total assets.

5,494,735
83,763

5,630,684
93,636

6,437,306
99,575

6,809,074
107,663

7,482,019
109,172

8,115,923
105,224

7,790,875
103,538

8,986,406
101,014

15
223,584

15
146,641

15
261,740

15
209,032

14
239,314

80,650
277,015

152,620
248,351

294,899
257,399

53,028,467 53,095,155 54,027,601 52,983,822 54,331,446 56,018,654 58,029,015 62,868,178
Liabilities

F.R. notes
Deposits:
Member bank reserves
U.S. Treasurer—General account.
Foreign
Other

27,534,791 27,872,023 28,261,967 28,449,081 29,305,205 30,644,052 32,878,191 35,342,215

Total deposits

20,117,231 19,525,691 19,716,271 18,336,235 18,451,248 18,721,827 18,391,575 19,454,363

Deferred availability cash items.
Other liabilities

19,033,795 18,503,991 18,173,970 17,080,617 17,387,089 17,451,821 17,047,234 18,084,984
880,465
819,985
503,778
484,740
465,390
596,566
480,810
358,364
171,014
344,788
217,216
278,859
246,881
228,910
356,342
272,485
292,862
693,735
553,662
319,910
426,559
246,284
320,484
390,851

4,070,844
14,948

4,335,126
21,683

4,847,216
28,620

4,941,102
31,272

5,180,848
61,675

5,183,882
68,116

5,192,859
81,816

6,378,886
644,928

51,737,814 51,754,523 52,854,074 51,757,690 52,998,976 54,617,877 56,544,441 61,820,392

Total liabilities.
Capital Accounts
Capital paid in
Surplus (Sec. 7)
Surplus (Sec. 13)
Other capital accounts
Total liabilities and capital accounts
Ratio of gold certificate reserves to deposit and F.R.
note liabilities combined (per cent)
Contingent liability on acceptances purchased for
foreign correspondents
Industrial loan commitments
U.S. Govt. securities held in custody for foreign
account




345,106
809,198
27,543
108,806

363,098
868,410

387,403
774,808

109,124

11,316

408,709
817,423

444,157
888,313

466,926
933,851

494,858
989,716

523,893
523,893

53,028,467 53,095,155 54,027,601 52,983,822 54,331,446 56,018,654 58,029,015 62,868,178
46.3

42.1

39.9

37.4

34.8

31.8

29.7

27.5

76,114
1,109

67,799
975

82,006

230,399

126,004

85,521

91,852

122,447

3,729,276

3,694,921

4,476,770

5,725,840

6,006,150

6,989,547

8,675,188

8,389,493

1.

STATEMENT OF CONDITION OF FEDERAL RESERVE BANKS—Continued
B.

EACH BANK, END OF YEAR, 1945, 1950, 1955, AND 1964
[In thousands of dollars]
Boston

Item

New York

1945

1950

1955

1964

1945

1950

1955

1964

747,953
59,189

792,128
53,981

962,856
53,542

678,799
89,783

4,908,821
124,283

6,532,687
50,911

5,189,433
180,781

3,072,782
355,065

807,142

846,109

1,016,398

768,582

5,033,104

6,583,598

5,370,214

3,427,847

4,463
18,536

6,501
28,089

24,368
23,567

48,701
8,894

17,675
36,867

23,337
47,616

55,855
65,444

183,441
32,083

1,060
3,149
110

125

1,300
60

17,350
1,440

197,330
i 17,014

61,960

18,950
1292

33,000
i 7,980

23,802
4,403

58,929
34,839

381,902
1,504,716
3,600,196
712,051

6,035,837
1,263,959

6,198,865
393,575

8,748,237
537,500

Assets
Gold certificate account
Redemption fund for F.R. notes.
Total gold certificate reserves
F.R. notes of other Banks.
Other cash
Discounts and advances:
Member bank borrowings
Other
Industrial loans
Acceptances:
Bought outright
Held under repurchase agreements.
U.S. Govt. securities:
Bought outright:
Bills
Certificates
Notes
Bonds

27

718,776
583,354
147,829
66,038

85,759
160,919
863,558
318,509

82,985
326,965
782,298
154,724

i,"3*18*,49i
276,104

3,052,191
2,098,442
531,769
237,552

342,060
544,082
2,920,763

1,515,997

1,428,745

1,346,972

1,911,003

5,919,954

4,883,808

316,408

1,076,903

1,448,441

Total bought outright
Held under repurchase agreements.
Total U.S. Govt. securities.

1,515,997

1,428,745

1,346,972

1,911,003

5,919,954

4,883,808

6,592,440

9,285,737

Total loans and securities..

1,520,316

1,428,870

1,348,332

1,929,793

6,134,298

4,945,795

6,639,887

9,420,485

160,798
1,352

324,107
1,073

485,280
5,642

643,758
2,981

420,234
8,674

806,762
7,657

1,025,230
7,766

1,833,246
7,803

7
4,650

2
8,365

8,412

14,155
13,272

* 40
15,382

i7
27,839

i6
39,165

i 78,443
61,083

2,517,264

2,643,116

2,912,000

3,430,136 11,666,274 12,442,611 13,203,567 15,044,431

1,478,972

1,423,788

1,613,946

2,083,514

5,407,924

5,342,941

6,120,412

8,253,862

709,430
89,027
56,168
4,379

783,608
78,288
55,925
7,235

861,914
29,377
23,160
6,115

653,334
54,791
10,560
5,281

4,855,437
293,764
i 337,584
343,765

5,665,077
115,722
i 286,468
256,007

5,552,721
68,614
i 128,673
369,765

4,829,799
152,505
i 67,430
180,824

Total deposits

859,004

925,056

920,566

723,966

5,830,550

6,323,274

6,119,773

5,230,558

Deferred availability cash items.
Other liabilities

140,710
406

238,367
813

308,187
658

542,284
30,670

236,189
1,413

518,345
1,732

642,671
5,414

1,113,473
172,112

2,479,092

2,588,024

2,843,357

10,635
22,439
3,012
2,086

32,246
3,011
7,612

12,223

16,161
41,667
3,011
7,804

2,517,264

2,643,116

2,912,000

Cash items in process of collection.. .
Bank premises
Other assets:
Denominated in foreign currencies.
All other
Total assets.. . .
Liabilities
F.R. notes
Deposits:
Member bank reserves
U.S. Treasurer—General account.
Foreign
Other

Total liabilities.

3,380,434 11,476,076 12,186,292 12,888,270 14,770,005

Capita] Accounts
Capital paid in
Surplus (Sec. 7)
Surplus (Sec. 13b)
Other capital accounts
Total liabilities and capital accounts
Ratio of gold certificate reserves to deposit and F.R.
note liabilities combined (per cent)
Contingent liability on acceptances purchased for
foreign correspondents
Industrial loan commitments
i After deducting participations of other F.R. Banks.




34.5
"i64

24,851
24,851

63,630
116,860
7,205
2,503

73,383
153,290
7,319
22,327

89,473
195,827
7,319
22,678

137,213
137,213

3,430,136 11,666,274 12,442,611 13,203,567 15,044,431

36.0

40.1

27.4

1,364

2,010

5,895

44.8

56.4

43.9

25.4

i 6,580

i 9,743

i 32,311

1. STATEMENT OF CONDITION OF FEDERAL RESERVE BANKS—Continued
B. EACH BANK, END OF YEAR, 1945, 1950, 1955, AND 1964— Continued
[In thousands of dollars]
Cleveland

Philadelphia
Item

1950

1945

1955

1964

1950

1945

1964

1955

Assets
Gold certificate account
Redemption fund for F.R. notes

878,051
61,134

1,130,280
50,563

1,105,726
61,738

759,801
85,890

1,070,132
78,031

1,476,814
67,289

1,702,371
78,193

1,146,855
137,795

Total gold certificate reserves

939,185

1,180,843

1,167,464

845,691

1,148,163

1,544,103

1,780,564

1,284,650

7,298
15,577

11,382
19,125

37,672
16,770

51,395
4,523

10,569
15,768

11,177
22,754

17,923
27,270

47,080
10,555

250
4,136
1,763

3,640

26,855
73
642

455
1,680

450
4,089

149

2,204

525
91

20,000
2,730

760,805
621,726
157,554
70,383

82,725
155,228
833,007
307,238

331,621
91,457
360,345
862,166 "i,'3*8V,863
170,520
289,375

1,129,195
802,373
203,332
90,833

115,311
216,370
1,161,131
428,263

129,146
508,843
1,217,461
240,791

2,105,047
440,816

1,610,468

1,378,198

1,484,488

2,002,859

2,225,733

1,921,075

2,096,241

3,051,024

Total U S Govt. securities

1,610,468

1,378,198

1,484,488

2,002,859

2,225,733

1,921,075

2,096,241

3,051,024

Total loans and securities

1,616,617

1,384,042

1,512,058

2,004,994

2,230,272

1,921,225

2,096.857

3,073,754

139,850
3,313

268,232
2,920

327,844
5,050

492,199
2,741

217,034
3,989

457,757
4,794

653,563
5,905

616,036
5,931

10
4,353
2,726,203

2
7,759

2
9,264

16,514
13,754

10
6,349

2
11,247

2
13,551

26,836
21,154

2,874,305

3,076,124

3,431,811

3,632,154

3,973,059

4,595,635

5,085,996

1,635,243

1,665,849

1,839,889

2,077,101

2,096,342

2,112,367

2,492,709

3,004,814

799,634
59,678
72,195
4,308

822,286
58,227
71,016
5,142

868,455
22,008
28,178
15,458

783,820
74,653
12,320
6,586

1,156,889
84,773
71,375
9,671

1,323,910
81,648
80,781
14,159

1,492,811
26,036
35,126
12,884

1,350,868
69,558
20,020
8,397

935,815

956,671

934,099

877,379

1,322,708

1,500,498

1,566,857

1,448,843

106,130
500

183,799
239

219,651
751

384,022
35,081

157,950
790

278,953
504

432,141
1,185

481,765
56,392

2,677,688

2,806,558

2 994 390

3 373 583

3 577,790

3,892,322

4,492,892

4991,814

13,064
28,946
4,501
2,004

15,675
39,710
4,489
7,873

19,757
49,491
4,489
7,997

29,114
29,114

17,654
33,745
1,007
1,958

22,001
48,014
1,006
9,716

29,296
62,563
1,006
9,878

47,091
47,091

2,726,203

2,874,305

3,076,124

3.431,811

3,632,154

3,973,059

4,595,635

5,085,996

33.6

42.7

43.9

28.8

300

1,970
458

3,048
322

11,175

F R notes of other Banks
Other cash
Discounts and advances:
Member bank borrowings
Other
. .
Industrial loans
Acceptances:
Bought outright
Held under repurchase agreements
U.S. Govt. securities:
Bought outright:
Bills
Certificates
Notes
Bonds

. .

Total bought outright
Held under repurchase agreements

Cash items in process of collection
Bank premises
Other assets:
Denominated in foreign currencies
All other
Total assets

...
. . . .

i

505,161

Liabilities
F R notes
Deposits:
Member bank reserves
U.S. Treasurer—General account
Foreign
Other
Total deposits
Deferred availability cash items
Other liabilities
Total liabilities

.

...

Capital Accounts
Capital paid in ..
.
Surplus (Sec 7)
Surplus (Sec 13b)
Other capital accounts

....

Total liabilities and capital accounts
Ratio of gold certificate reserves to deposit and F.R.
note liabilities combined (per cent)
Contingent liability on acceptances purchased for
foreign correspondents
Industrial loan commitments




36.5

45.0

42.1

28.6

2,445
41

6,877

703

1,732
593

1.

STATEMENT OF CONDITION OF FEDERAL RESERVE BANKS—Continued
B.

EACH BANK, END OF YEAR, 1945, 1950, 1955, AND 1964—Continued
[In thousands of dollars]
Richmond

Item

Gold certificate account
Redemption fund for F.R. notes.
Total gold certificate reserves....

1945

1950

Atlanta

1955

1964

1945

1950

1955

1964

1,042,110
60,083

950,138
53,788

1,275,460
72,427

895,509
133,365

1,022,330
45,950

890,800
39,541

889,111
53,717

733,007
95,011

1,102,193

1,003,926

1,347,887

1,028,874

1,068,280

930,341

942,828

828,018

29,092
18,487

32,260
22,026

38,250
23,788

56,420
8,661

12,545
25,352

20,312
18,763

48,161
27,113

62,750
13,413

775
1,974
53

575

'J32

4,125
50

12,355
1,500

1,645

19,700
43

18,662
1,680

675,894
513,908
130,229
58,176

80,368
150,804
809,269
298,484

88,530
348,812
834,571
165,062

1,826,322
382,449

634,373
420,812
106,637
47,637

66,632
125,028
670,955
247,470

77,566
305,615
731,216
144,621

1,436,772
300,873

Total bought outright
Held under repurchase agreements.
Total U.S. Govt. securities.

1,378,207

1,338,925

1,436.975

2,647,039

1,209,459

,110,085

1,259,018

2,082,426

1,378,207

1,338,925

1,436,975

2,647,039

1,209,459

1,110,085

1,259,018

2,082,426

Total loans and securities..

1,381,009

1,339,632

1,441,150

2,660,894

1,211,104

1,110,117

1,278,761

2,102,768

192,767
2,769

340,963
2,870

437,745
5,218

666,005
4,885

150,104
1,568

277,132
1,720

376,499
4,045

714,422
18,347

5
3,955

7,940

1
9,161

14,745
18,493

4
3,699

6,327

2,730,277

2,749,618

3,303,200

4,458,977

2,472,656

2,364,713

2,686,409

3,771,106

1,738,344

1,616,465

2,024,917

3,010,112

1,483,961

1,276,091

1,398,443

2,084,907

727,247
42,299
34,457
3,758

750,834
36,831
44,385
28,995

833,907
17,777
19,300
21,225

780,280
56,782
11,000
10,076

762,425
53,726
28,714
4,087

740,422
38,559
37,283
42,762

851,420
39,760
16,598
5,766

993,100
48,126
12,320
6,217

F.R. notes of other Banks.
Other cash
Discounts and advances:
Member bank borrowings
Other
Industrial loans
Acceptances:
Bought outright
Held under repurchase agreements.
U.S. Govt. securities:
Bought outright:
Bills
Certificates
Notes
Bonds

Cash items in process of collection...
Bank premises
Other assets:
Denominated in foreign currencies.
All other
Total assets.

344,781

16,514
14.874

Liabilities
F.R. notes
Deposits:
Member bank reserves
U.S. Treasurer—General account.
Foreign
Other
Total deposits

807,761

861,045

892,209

858,138

848,952

859,026

913,544

1,059,763

Deferred availability cash items.
Other liabilities

155,713
338

226,242
234

325,780
612

504,148
34,301

191,070
200

322,119
591

527,647
37,297

2,702,156

2,703,986

3,243,518

4,406,699

115,889
322
2,449,124

2,326,387

2,634,697

3,709,614

7,177
15,593
3,326
2,025

9,845
25,167
3,349
7,271

13,772
35,012
3,349
7,549

26,139
26,139

6,354
14,450
762
1,966

8,954
22,369
762
6,241

13,693
30,841
762
6,416

30,746
30,746

2,730,277

2,749,618

3,303,200

4,458,977

2,472,656

2,364,713

2,686,409

3,771,106

26.6

45.8

43.6

40.8

26.3

1,675
11

6,140

909

1,440

6,877

Total liabilities.
Capital Accounts
Capital paid in
Surplus (Sec. 7)
Surplus (Sec. 13b)
Other capital accounts
Total liabilities and capital accounts
Ratio of gold certificate reserves to deposit and F.R.
note liabilities combined (per cent)
Contingent liability on acceptances purchased for
foreign correspondents
Industrial loan commitments




43.3

40.5

200

1,082
54

10

1. STATEMENT OF CONDITION OF FEDERAL RESERVE BANKS—Continued
B. EACH BANK, END OF YEAR, 1945, 1950, 1955, AND 1964—Continued
[In thousands of dollars]
Chicago
Item

1945

1950

St. Louis
1955

1964

1945

1950

1955

1964

Assets
Gold certificate account
Redemption fund for F.R notes

3,027,003
135,309

4,160,182
100,276

3,657,307
155,100

2,206,999
286,968

588,990
42,997

590,355
40,725

895,248
44,502

573,229
62,801

Total gold certificate reserves

3,162,312

4,260,458

3,812,407

2,493,967

631,987

631,080

939,750

636,030

16,558
28,148

17,542
33,633

32,502
50,521

61,576
25,467

9,042
15,293

9,788
15,013

14,289
20,063

32,033
6,401

106

3,200
140

2,250
4,230

1,750
1,450

500

1,800
38

200
1,020

1,043,401

F R. notes of other Banks
Other cash
Discounts and advances:
Member bank borrowings
Other
Industrial loans
Acceptances:
Bought outright
Held under repurchase agreements
U.S. Govt. securities:
Bought outright:
Bills
Certificates
Notes
.
Bonds

6,110

. .

2,299,424
1,095,666
277,655
124,034

188,646
353,976
1,899,577
700,625

262,110
1,032,730
2,470,918
488,701

4,348,046
910,521

493,510
427,625
108,365
48,409

63,050
128,757
690,959
254,847

62,359
245,697
587,857
116,267

991,028
207,530

Total bought outright
Held under repurchase agreements

3,796,779

3,142,824

4,254,459

6,301,968

1,077,909

1,137,613

1,012,180

1,436,374

3,796,779

3,142,824

4,254,459

6,301,968

1,077,909

1,137,613

1,012,180

1,436,374

3,802,889

3,142,930

4,257,799

6,308,448

1,081,109

1,138,113

1,014,018

1,437,594

341,424
3,106

716,750
5,062

900,964
6,071

1,401,289
21,531

103,677
2,059

212,192
3,509

225,904
3,399

409,868
5,902

14
9,410

3
18,403

3
29,088

41,581
43,426

3
3,966

6,468

1
6,455

10,027
10,614

7,363,861

8,194,781

9,089,355 10,397,285

1,847,136

2,016,164

2,223,879

2,548,469

F R notes
Deposits:
Member bank reserves
U.S. Treasurer—General account
Foreign
Other

4 444 533

4 559 960

5 190 330

6 386 417

1 063 366

1 097 441

1,248,229

1,409,903

2,347,115
139,437
106,652
4,907

2,797,828
102,305
122,503
9,140

2,987,410
40,009
54,040
16,540

2,638,239
81,055
31,020
17,653

599,150
37,877
24,612
16,301

651,163
24,659
31,957
32,296

716,406
7,888
14,668
26,322

694,157
56,288
7,480
4,016

Total deposits

2,598,111

3,031,776

3,097,999

2,767,967

677,940

740,075

765,284

761,941

241,594
1,825

482,691
856

640,401
2,480

999,001
94,694

84,735
299

164,959
545

318,377
22,362

7,286,063

8,075,283

8,931,210 10,248,079

1,826,340

144,199
228
1,981,943

2,179,017

2,512,583

21,074
53,029
1,429
2,266

28,698
75,345
1,429
14,026

74,603
74,603

5,611
12,939
527
1,719

7,398
20,295
521
6,007

10,564
27,649
521
6,128

17,943
17,943

7,363,861

8,194,781

9,089,355 10,397,285

1,847,136

2,016,164

2,223,879

2,548,469

36.3

34.3

46.7

29.3

779
500

1,273

4,175

....

Total U S Govt securities
Total loans and securities

. .

Cash items in process of collection
Bank premises
Other assets:
Denominated in foreign currencies
All other
.
. . .
Total assets

237,816

Liabilities

Deferred availability cash items
Other liabilities
. ..
Total liabilities
Capital Accounts
Capital paid in
. ...
Surplus (Sec 7)
Surplus (Sec 13b) . . .
Other capital accounts
Total liabilities and capital accounts
Ratio of gold certificate reserves to deposit and F.R.
note liabilities combined (per cent)
Contingent liability on acceptances purchased for
foreign correspondents
Industrial loan commitments .
.
. . .




44.9

40,487
101,894
1,429
14,335

56.1

46.0

27.2

2,987
242

4,690

17,315

11

1. STATEMENT OF CONDITION OF FEDERAL RESERVE BANKS—Continued
B.

EACH BANK, END OF YEAR, 1945, 1950, 1955, AND 1964—Continued
[In thousands of dollars]
Minneapolis

Kansas City

Item
1945

1950

1955

1964

1945

1950

1955

1964

Gold certificate account
Redemption fund for F.R. notes.

331,936
20,145

366,114
21,467

339,279
23,729

281,685
28,017

584,231
35,246

833,420
35,034

832,999
41,731

562,532
62,448

Total gold certificate reserves....

352,081

387,581

363,008

309,702

619,477

868,454

874,730

624,980

6,713
7,685

5,613
6,060

9,587
7,908

26,872
4,526

9,287
15,130

6,596
11,232

8,868
15,129

17,910
5,947

1,355
25
60

500
690

250
1,410
15

315

16,952
38

22,479
1,320

185

312,354
232,112
58,818
26,275

38,487
72,218
387,549
142,940

36,414
143,476
343,283
67,895

128,506
535,588
112,157

531,497
417,570
105,817
47,271

57,724
108,313
581,254
214,387

65,353
257,491
616,075
121,848

968,813
202,878

629,559

641,194

591,068

776,251

1,102,155

961,678

1,060,767

1,404,166

Total U.S. Govt. securities.

629,559

641,194

591,068

776,251

1,102,155

961,678

1,060,767

1,404,166

Total loans and securities..

630,640

641,379

592,508

777,441

1,103,830

961,993

1,077,757

1,427,965

54,099
1,263

113,210
1,114

137,663
2,194

250,018
3,598

115,564
2,597

217,071
2,639

222,454
3,490

583,349
6,339

3
1,799

1
3,645

3,805

6,783
5,407

3
3,134

5,836

1
6,816

12,976
12,279

1,054,283

1,158,603

1,116,674

1,384,347

1,869,022

2,073,822

2,209,245

2,691,745

Assets

F.R. notes of other Banks.
Other cash
Discounts and advances:
Member bank borrowings
Other
Industrial loans
Acceptances:
Bought outright
Held under repurchase agreements
U.S. Govt. securities:
Bought outright:
Bills
Certificates
Notes
Bonds
Total bought outright
Held under repurchase agreements.

Cash items in process of collection.. .
Bank premises
Other assets:
Denominated in foreign currencies.
All other
Total assets.

1,081

232,475

Liabilities
F.R. notes
Deposits:
Member bank reserves
U.S. Treasurer—General account.
Foreign
Other

551,859

610,643

531,709

631,006

910,750

919,844

1,051,429

1,348,974

385,403
38,287
18,869
2,425

391,855
22,614
22,193
4,909

405,586
25,108
9,650
5,693

465,642
54,246
5,060
2,779

774,851
42,323
24,612
1,281

837,399
43,903
32,845
32,430

884,226
34,666
14,668
4,835

823,596
64,539
9,680
5,892

Total deposits

444,984

441,571

446,037

527,727

843,067

946,577

938,395

903,707

41,673
332

82,741
171

108,768
411

186,063
15,231

94,418
289

173,186
175

174,184
521

364,630
27,832

1,038,848

,135,126

1,086,925

1,360,027

1,848,524

2,039,782

2,164,529

2,645,143

3,861
8,869
1,073
1,632

5,073
13,168
1,073
4,163

6,861
17,586
1,073
4,229

12,160
12,160

5,731
11,891
1,137
1,739

8,306
19,047
1,137
5,550

11,951
25,960
1,137
5,668

23,301
23,301

1,054,283

,158,603

,116,674

1,384,347

1,869,022

2,073,822

2,209,245

2,691,745

35.3

36.8

37.1

26.7

35.3

46.5

44.0

27.7

541

838

2,824

801
500

1,273
1,920

5,403

Deferred availability cash items.
Other liabilities
Total liabilities.
Capital Accounts
Capital paid in
Surplus (Sec. 7)
Surplus (Sec. 13b)
Other capital accounts
Total liabilities and capital accounts
Ratio of gold certificate reserves to deposit and F.R.
note liabilities combined (per cent)
Contingent liability on acceptances purchased for
foreign correspondents
Industrial loan commitments




12

1. STATEMENT OF CONDITION OF FEDERAL RESERVE BANKS—Continued
B. EACH BANK, END OF YEAR, 1945, 1950, 1955, AND 1964—Continued
[In thousands of dollars]
San Francisco

Dallas
Item
1945

1950

1955

1964

1950

Gold certificate account
Redemption fund for F.R. notes

465,459
26,155

622,615
25,463

785,592
26,921

647,556
51,175

2,395,549
111,837

2,534,870
38,191

2,505,971
75,461

1,946,389
181,518

Total gold certificate reserves

491,614

648,078

812,513

698,731

2,507,386

2,573,061

2,581,432

2,127,907

5,812
11,800

8,363
11,513

23,316
16,879

31,003
4,204

24,172
27,672

17,217
30,892

33,744
46,446

65,054
21,159

2,000
47

20,100
1,710

3,572

10,000
103

8,500
4,020

1945

1955

1964

Assets

F R. notes of other Banks
Other cash
Discounts and advances:
Member bank borrowings
Other
Industrial loans
Acceptances:
Bought outright
Held under repurchase agreements

1,410

. .

U.S. Govt. securities:
Bought outright:
Bills
Certificates
Notes
Bonds

444,765
364,886
92,466
41,306

56,470
105,961
568,628
209,728

60,256
237,408
568,025
112,344

940,099
196,865

1,778,461
785,987
199,179
88,978

118,839
212,539
1,140,576
420,681

164,618
648,601
1,551,847
306,926

3,299,616
690,970

943,423

940,787

978,033

1,362,562

2,852,605

1,892,635

2,671,992

4,782,385

Total U.S. Govt. securities

943,423

940,787

978,033

1,362,562

2,852,605

1,892,635

2,671,992

4,782,385

Total loans and securities

944,833

940,787

980,080

1,384,372

2.856,177

1,892,635

2,682,095

4,794,905

83,162
829

192,457
677

227,375
2,146

489,179
11,203

219,219
1,863

343,375
5,937

482,142
10,238

887,037
9,753

3
2,912

5,376

1
7,767

16,809
9,594

8
6,306

2
11,151

2
17,742

39,516
33,449

1,540,965

1,807,252

2,070,077

2,645,095

5,642,803

4,874,270

5,853,841

7,978,780

Total bought outright
Held under repurchase agreements

Cash items in process of collection .
Bank premises
Other assets:
Denominated in foreign currencies
AM other
Total assets

225,598

791,799

Liabilities
F R notes
Deposits:
Member bank reserves
U S Treasurer General account. .
Foreign
Other

618,639

639,322

720,021

1,088,626

3,219,199

2,322,307

2,688,907

3,962,979

764,670
36,544
24,612
1,360

891,215
24,311
31,069
43,543

1,019,815
47,589
18,142
2,590

1,050,703
47,510
12,540
4,923

2,032,699
58,933
62,470
49,330

2,025,147
41,387
79,017
88,295

2,530,259
35,031
39,783
67,079

3,021,446
59,932
29,480
67,840

Total deposits

827,186

990,138

1,088,136

1,115,676

2,203,432

2,233,846

2,672,152

3,178,698

75,172
239

144,546
126

204,329
401

345,011
34,610

169,597
908

237,460
322

374,104
1,118

612,465
84,346

1,521,236

1,774,132

2,012,887

2,583,923

5,593,136

4,793,935

5,736,281

7,838,488

6,007
10,670
1,307
1,745

9,610
16,852
1,307
5,351

16,563
33,847
1,307
5,473

30,586
30,586

16,297
28,924
2,142
2,304

23,936
44,519
2,140
9,740

34,161
71,275
2,140
9,984

70,146
70,146

1,540,965

1,807,252

2,070,077

2,645,095

5,642.803

4,874,270

5,853,841

7,978,780

34.0

39.8

44.9

31.7

46.2

56.5

48.2

29.8

758

1,575

7,000

3,451

16,455

92

1,927
1,407

Deferred availability cash items
Other liabilities
Total liabilities
Capital Accounts
Capital paid in
Surplus (Sec 7)
Surplus (Sec 13b)
Other capital accounts
Total liabilities and capital accounts
Ratio of gold certificate reserves to deposit and F.R.
note liabilities combined (per cent)
Contingent liability on acceptances purchased for
foreign correspondents
Industrial loan commitments




185

13

2.

PRINCIPAL ASSETS AND LIABILITIES OF EACH FEDERAL RESERVE BANK, END OF YEAR, 1941-64
[In millions of dollars]

A1LF.R.
Banks

Year

New
York

Boston

Philadelphia

Cleveland

Atlanta

Richmond

Chicago

St. Louis

Minneapolis

Kansas
City

San
Francisco

Dallas

Gold certificate reserves
1941
1942
1943
1944
1945

20,504
20,554
19,766
18,444
17,863

1,166
1,174
1,048
919
807

8,165
6,857
5,927
5,256
5,033

,225
,153
,054
988
939

,628
,716
,426
,373
,148

792
956
1,055
954
1,102

552
765
909
929
1,068

3,425
3,572
3,828
3,335
3,162

633
726
663
652
632

395
477
374
360
352

558
662
681
676
619

415
521
479
545
492

1,549
1,974
2,322
2,457
2,507

1946
1947
1948
1949
1950

18,381
21,497
22,966
23,176
21,458

782
816
811
917
846

5,185
6,380
7,446
7,300
6,584

919
1,077
,071
,257
1,181

,202
,510
,517
,598
,544

1,163
1,105
1,029
1,139
1,004

1,071
1,054
1,104
1,036
930

3,506
4,273
4,478
4,458
4,260

642
667
715
730
631

378
455
494
447
388

620
786
864
863
868

491
531
601
712
648

2,421
2,843
2,837
2,719
2,573

1951
1952
1953
1954
1955

21,468
21,986
21,354
21,033
21,009

717
753
1,090
1,084
1,016

6,867
6,113
5,382
5,507
5,370

,201
,328
,362
,279
,167

,595
,532
,853
,794
,781

995
1,063
1,142
1,231
1,348

973
936
971
959
943

4,344
4,550
3,895
3,725
3,812

604
689
907
830
940

350
353
510
446
363

775
938
896
879
875

582
745
848
836
813

2,464
2,985
2,498
2,462
2,581

1956
1957
1958
1959
1960

21,269
22,085
19,951
19,164
17,479

929
1,067
944
949
895

5,601
5,705
5,476
4,899
4,074

,114
,244
,098
,111
,122

>,013
>,023
,531
,722
,449

,387
1,421
1,119
1,146
1,116

883
880
922
964
982

3,767
3,962
3,494
3,183
2,979

865
952
798
770
722

374
413
481
382
371

840
885
792
753
825

754
836
751
744
764

2,742
2,696
2,545
2,540
2,181

1961
1962
1963
1964

16,615
15,696
15,237
15,075

1,006
964
801
769

3,758
3,698
3,942
3,428

978
994
807
845

,411
,367
,193
,285

1,183
995
963
1,029

933
860
817
828

2,777
2,585
2,683
2,494

679
629
693
636

373
389
311
310

716
675
642
625

622
580
560
698

2,179
1,960
1,825
2,128

m

Discounts and advances
1941
1942
1943
1944
1945

3
6
5
80
249

1946
1947
1948
1949
1950

163
85
223
78
67

10
5
13
6

59
42
79
23
62

16
7
17
7
4

15
7
18
7

7
3
11
6
1

6
2
8
3

18
7
28
10

1951
1952
1953
1954
1955

19
156
28
143
108

3
2
2
9
1

3
115
7
39
19

3
5
5
14
27

1
4
3
15
1

2
6
2
8
4

3
1
6
20

7
3
19
3




2
4

1
1
2
78
214

1
2
1
1
4

1

5

1
3

2

6

1

2

1

4

5
2
7
3
1

3
1
5
2

8
2
14
3

4
2
6
2

12
5
17
6

1
1
5
2

1
2
4
1

7
3
1
7
17

1
1
6
2

8
2
14
10

3

1956.
1957.
1958.
1959.
1960.

50
55
64
458
33

1961.
1962.
1963.
1964.

130
38
63
186

2
19

9
5
12
203
2

5
7
43
4

3
3
6
46
2

1
2
15
8

106
16
10
41

2
1
3
2

2
5
5
21

2

4
18
2

2
7
19
43

3
1
2
31

3
1

*
1
1

14
12
24

2
22

5
12

U.S. Government securities
1941
1942
1943
1944
1945

2,254
6,189
11,543
18,846
24,262

174
447
751
,200
,516

592
1,695
3,000
4,816
5,920

178
440
862
,252
,610

223
509
1,180
1,706
2,226

138
379
652
1,167
1,378

96
268
598
984
1,209

306
877
1,394
2,882
3,797

113
288
533
826
1,078

67
154
358
466
630

96
289
543
825
1,102

79
228
503
672
943

193
614
1,168
2,052
2,853

1946
1947
1948
1949
1950

23,350
22,559
23,333
18,885
20,778

,462
,496
,540
,303
,429

5,800
5.698
5,597
4,475
4,884

,645
,566
,667
,286
,378

2,178
2,101
2,237
1,742
1,921

1,314
1,432
1,515
1,212
1,339

1,140
1,181
1,170
1,012
1,110

3,455
3,085
3,333
2,818
3,143

1,105
1,208
1,288
1,021
1,138

636
665
714
611
641

1,076
1,060
1,088
913
962

918
990
1,057
817
941

2,619
2,078
2,127
1,673
1,893

1951
1952
1953
1954
1955

23,801
24,697
25,916
24,932
24,785

,641
,693
,394
,373
,347

5,508
6,213
7,115
6,401
6,592

,485
,511
,525
,515
,484

2,205
2,399
2,149
2,133
2,096

1,570
1,624
1,501
1,466
1,437

1,274
1,391
1,295
1,268
1,259

3,522
3,437
4,376
4,351
4,254

1,287
1,303
1,065
1,041
1,012

749
764
625
611
591

1,111
1,052
1,103
1,074
1,061

1,130
1,102
1,006
978
978

2,320
2,208
2,760
2,721
2,672

1956
1957
1958
1959
1960

24,915
24,238
26,347
26,648
27,384

,353
1,294
,429
,442
,450

6,499
6,451
6,715
6,737
7,131

,479
,385
,509
1,517
,545

2,129
2,083
2,324
2,304
2,318

1,515
1,515
1,709
1,705
1,708

1,265
1,229
1,336
1,402
1,480

4,294
4,140
4,586
4,604
4,619

1,027
981
1,071
1,082
1,091

556
512
552
606
626

1,066
1,018
1,120
1,147
1,158

978
930
1,028
1,062
1,087

2,754
2,701
2,967
3,039
3,171

1961
1962
1963
1964

28,881
30,820
33,593
37,044

1,351
1,473
,571
1,911

7,262
7,869
8,708
9,286

1,659
,679
1,831
2,003

2,435
2,451
2,784
3,051

1,862
2,068
2,351
2,647

1,579
1,757
1,957
2,082

4,907
5,160
5,395
6,302

1,166
1,260
1,325
1,436

616
628
649
776

1,316
1,241
1,354
1,404

1,167
1,239
1,286
1,363

3,561
3,995
4,382
4,783




2.

PRINCIPAL ASSETS AND LIABILITIES OF EACH FEDERAL RESERVE BANK, END OF YEAR, 1941-64—Continued
[In millions of dollars]

Year

All F.R.
Banks

Boston

New
York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas
City

Dallas

San
Francisco

Federal Reserve notes
1941
1942
1943
1944
1945

8,192
12,193
16,906
21,731
24,649

672
882
1,155
1,367
1,479

2,111
2,800
3,767
4,851
5,408

575
849
,150
,428
,635

778
1,134
1,496
1,894
2,096

431
787
1,142
1,488
1,738

279
547
955
,277
,484

1,720
2,420
3,163
3,979
4,445

322
514
726
931
1,063

207
303
386
476
552

264
429
614
797
911

135
252
416
547
619

700
1,279
1,937
2,699
3,219

1946
1947
1948
1949
1950

24,945
24,820
24,161
23,483
23,587

1,492
,472
,422
,397
,424

5,714
5,766
5,582
5,430
5,343

,699
,682
,663
,632
,666

2,125
2,140
2,145
2,050
2,112

1,782
1,742
1,658
1,580
1,616

,450
,398
,329
,291
,276

4,573
4,637
4,598
4,501
4,560

1,120
1,144
1,144
1,090
1,097

593
627
631
612
611

922
949
939
918
920

604
625
624
640
639

2,871
2,639
2,426
2,339
2,322

1951
1952
1953
1954
1955

25,064
26,250
26,558
26,253
26,921

,526
,603
,633
,609
,614

5,588
5,796
5,924
5,951
6,120

,770
,857
,897
,846
,840

2,287
2,411
2,464
2,418
2,493

1,785
1,887
1,849
1,864
2,025

,382
,445
,417
,388
,398

4,764
4,971
5,111
5,065
5,190

1,167
1,231
1,215
1,178
1,248

632
651
644
584
532

973
,022
,020
,029
,051

702
759
744
739
720

2,488
2,616
2,640
2,584
2,689

1956
1957
1958
1959
1960

27,476
27,535
27,872
28,262
28,449

,623
,638
,630
,614
,625

6,414
6,501
6,513
6,646
6,663

,756
,739
,751
,808
,867

2,593
2,625
2,571
2,570
2,575

2,181
2,188
2,136
2,132
2,185

,372
,305
,476
,604
,641

5,273
5,334
5,303
5,324
5,302

1,211
1,227
1,238
1,245
1,232

498
495
598
608
595

,075
,077
,101
,118
,152

726
748
799
816
836

2,752
2,656
2,755
2,775
2,775

1961
1962
1963
1964

29,305
30,643
32,877
35,343

,704
,797
,926
2,084

6,751
7,235
7,940
8,254

,890
,863
,917
>,077

2,625
2,680
2,812
3,005

2,380
2,525
2,703
3,010

,717
,791
,929
2,085

5,362
5,528
5,891
6,386

1,269
1,295
1,340
1,410

579
577
592
631

,193
,222
,258
,349

869
911
979
1,089

2,966
3,219
3,590
3,963

Total deposits
1941
1942
1943
1944
1945

14,678
15,194
15,181
16,411
18,200

689
806
740
797
859

6,643
5,846
5,321
5,484
5,831

822
776
803
850
936

,079
,193
,208
,285
,323

514
600
618
709

383
530
597
678
849

2,014
2,087
2,158
2,346
2,598

439
536
502
593
678

259
340
358
361
445

405
549
644
735
843

367
520
588
692
827

1,065
1,412
1,645
1,882
2,203

1946
1947
1948
1949
1950

17,353
19,731
22,791
18,906
19,810

781
862
991
837
925

5,413
6,443
7,526
6,314
6,323

895
976
1,113
918
957

,288
,509
,685
1,332
,500

772
847
956
851
861

790
860
980
799
859

2,500
2,808
3,333
2,801
3,032

655
753
894
701
740

434
505
600
456
442

808
925
1,049
877
947

819
916
1,064
913
990

2,201
2,326
2,601
2,10S
2,234

1951
1952
1953
1954
1955

21,192
21,344
21,422
20,371
20,355

919
922
891
880
921

6.957
6,748
6,617
6,048
6,120

965
1,010
1,029
974
934

,536
1,572
1,624
1,568
1,567

881
912
866
905
892

948
958
933
929
914

3,337
3,181
3,355
3,159
3,098

776
797
809
726
765

490
482
501
485
446

978
1,010
1,010
967
938

1,035
1,098
1,114
1,089
1,088

2,369
2,652
2,673
2,642
2,672




1956
1957
1958
1959
1960

20,249
20,117
19,526
19,716
18,336

837
838
808
875
829

5,978
6,048
6,017
5,619
5,115

926
942
907
986
877

1,539
1,569
1,375
1,551
1,318

867
871
811
892
767

950
912
892
932
953

3,197
3,027
2,900
2,794
2,601

749
741
700
696
731

432
462
451
447
449

916
862
868
914
906

1,075
1,047
1,015
1,048
1,040

2,783
2,799
2,782
2,964
2,749

1961
1962....
1963
1964

18,451
18,722
18,391
19,456

821
891
740
724

4,963
5,108
5,443
5.231

859
890
815
878

1,367
1,278
1,225
1,449

828
811
802
858

923
957
993
1,059

2,656
2,813
2,619
2,768

657
695
743
762

466
472
455
528

926
863
852
904

973
1,014
908
1,116

3,012
2,930
2,796
3,179

Member bank reserves
1941
1942
1943
1944
1945

12,450
13,117
12,886
14,373
15,915

569
678
654
678
709

5,640
5,029
4,264
4,555
4,855

662
652
646
711
800

920
918
,004
,128
,157

452
526
545
637
727

322
477
536
629
762

1,762
1,926
1,943
2,170
2,347

364
446
434
529
599

179
277
295
318
385

345
487
583
671
775

307
468
520
643
765

930
1,232
1,462
1,706
2,033

1946
1947
1948
1949
1950

16,139
17,899
20,479
16,568
17,681

715
767
859
711
784

4,903
5,573
6,701
5,347
5,665

818
867
951
788
822

,200
,387
,510
,186
,324

733
785
849
708
751

748
789
874
685
740

2,366
2,656
3,121
2,627
2,798

607
692
776
612
652

399
451
507
395
392

773
868
942
769
837

783
863
968
815
891

2,094
2,202
2,420
1,924
2,025

1951
1952
1953
1954
1955

20,056
19,950
20,160
18,876
19,005

874
836
849
795
862

6,369
6,185
6,050
5,482
5,553

912
929
960
885
868

,472
,498
,534
,467
,493

848
849
827
830
834

916
896
890
867
851

3,228
3,066
3,251
2,979
2,988

741
732
764
670
716

464
438
469
444
406

952
958
966
912
884

1,011
1,051
1,051
1,040
1,020

2,269
2,514
2,551
2,505
2,530

1956
1957
1958
1959
1960

19,059
19,034
18,504
18,174
17,081

779
777
771
801
778

5,541
5,717
5,571
5,093
4,582

860
875
*63
893
832

,470
,487
,344
,460
,254

815
801
765
789
727

905
852
846
875
906

3,064
2,906
2,810
2,638
2,495

700
699
669
621
651

398
433
420
404
419

860
804
818
841
864

1,013
996
970
973
971

2,654
2,686
2,658
2,785
2,603

1961
1962
1963
1964

17,387
17,454
17,049
18,086

789
829
691
653

4,517
4,644
4,995
4,830

829
825
768
784

,301
,201
1,158
,351

760
761
707
780

892
906
916
993

2,540
2,672
2,498
2,638

628
650
652
695

443
432
404
466

872
826
767
824

932
960
844
1,051

2,884
2,748
2,649
3,021




3. DISCOUNTS AND ADVANCES HELD BY ALL FEDERAL RESERVE BANKS COMBINED,
JUNE AND DECEMBER, 1937-64
Member bank borrowings

Maturity distribution

Promissory notes secured by—
End of
month

Total
holdings

Rediscounted
paper

U.S.
Govt.
securities

Collateral
Other
not eligieligible
ble for
collateral discount or
purchase

Borrowings by
others

Last
Wednesday
in month

Total
holdings

In thousands of dollars

Within
15 days

16-90
days

1937—June 30.
Dec 29.

10
13

i 1,252
437

972
520

1938—June 29.
Dec. 28.

10
7

ON 00

In millions of dollars
660
883

1

176
68

2,025
5,045

1939_june28.
Dec. 27.

2
2

2
6

756
852

i 690
224
i 818
144

29

10
947

1940—June 26.
D e c 31.

1

232
1,045

1,154
1,768

i 386
92

1941_june25.
Dec. 31.

2

22
41

1,730
3,030

40

1942—June 24.
Dec. 30.

3
3

2
2

1937—June.
Dec.

9,929
9,866

1,351
1,831

7,040
6,476

1938—June.
Dec.

8,214
3,971

1,084
915

4,906
2,099

1939—June.
Dec.

4,714
6,765

872
879

951
549

1940—June.
Dec.

2,204
2,915

591
972

1941—June.
Dec.

1,772
2,955

1942—June.
Dec.

3,292
5,571

1943_june.
Dec.
1944—June.
Dec.

4,990
5,255
12,680
79,825

4,990
5,255
12,530
79,825

1945—June.
Dec.

46,082
248,905

1946—June.
Dec.

877
676

91 days1 year

50
1,500
2,500

8
11

2

1

1943_june30..
Dec. 29..

5
101

4
83

1
18

150

1944_j U ne28..
Dec. 27. .

52
153

41
139

11
14

46,082
201,865

47,040

1 9 4 5 _ j u n e 27..
Dec. 26..

202
492

200
438

2
54

156,772
163,079

36,772
15,739

120,000
147,340

1946_June26..
Dec 252.

231
341

95
182

136
24

135

1947__jUne.
Dec.

69,927
85,425

42,310
34,444

87
300

27,530
50,600

1947_j U ne25..
Dec 31..

132
85

109
43

13
42

11

1948—June.
Dec.

265,632
222,805

33,326
32,680

806

500

231,000
190,125

1948—June 30..
Dec 29..

266
255

72
100

194
154

1949—June.
Dec.

102,695
77,845

14,930
8,259

150
50

87,600
69,500

1949—June 29..
Dec. 28..

150
142

56
71

94
70

1950—June.
Dec.

43,138
67,395

26,138
67,240

17,000

1950—June 28.
Dec. 27.

69
301

50
298

19
3

1951—June.
Dec.

53,018
19,347

308
41

52,525
19,306

50

135

1951_june27.
Dec. 26.

220
797

206
791

15
6

1952—June.
Dec.

59,047
156,379

104

38,597
126,680

516
199

4,830

15,000
29,500

1952—June 25.
Dec 31.

307
156

279
118

28
39

1953—June.
Dec.

63,814
27,855

220

54,094
12,855

9,500
15,000

1953—June 24.
Dec. 30.

317
100

296
88

20
12

1954—June.
Dec.

36,745
143,304

202

21,443
9,970

15,000
133,334

1954—June 30..
Dec. 29..

37
565

16
429

21
42

1955—June.
Dec.

127,924
107,762

69

74,522
106,762

53,333
1,000

1955—Tune 29..
Dec. 28..

722
509

663
503

46
5

1956—June.
Dec.

232,232
50,027

11.1

222,121
25,027

10,000
25,000

1956—June 27..
Dec 26..

537
650

527
623

10
1

1957—June.
Dec.

557,913
55,364

557,838
50,364

75
5,000

1957_june26..
Dec. 252.

824
794

819
785

5
9

1958—June.
Dec.

41,386
63,963

41,189
45,963

75

17,900

1958—June 25..
Dec 31..

128
64

126
44

2
20

1959—June.
Dec.

421,027
457,726

292
170

403,170
452,417

139

17,000
5,000

1959_j U ne24..
Dec 30..

909
371

883
360

26
11

I960—June.
Dec.

258,167
32,939

416

234,146
24,939

22,880

8,000

I960—June 29..
Dec 28..

267
78

254
71

13
7

1961—June.
Dec.

39,061
128,934

448

33,388
113,639

4,225
295

1,000
15,000

1961—June 28.
Dec. 27..

86
552

82
534

4
18

1962—June.
Dec.

78,314
38,242

114

13,000
5,000

33,200
1,000

1962—June 27..
Dec. 26..

393
248

356
244

37
4

1963—June.
Dec.

97,107
62,310

388

32,000
32,242
90,219
30,310

32,000

1963—June 26..
Dec. 252.

612
259

606
224

6
35

1964—June.
Dec.

79,072
185,851

106

77,161
137,639

254
8,000

' "30,666

1964—June 24..
Dec. 30..

93
357

87
325

6
32

1
2

81

100

122
100
565
725

6,000

500
1,550
10,212

June figures partly estimated for three districts.
Tuesday figures because of holiday on Wednesday, December 25.




18

93
13

25

4. ACCEPTANCES BY CLASS OF PAPER HELD BY ALL FEDERAL RESERVE BANKS COMBINED, JUNE AND DECEMBER, 1937-64
Bought outright

End of month

Maturity distribution

Payable in dollars and based on—

Total
bought
outright
and under
repurchase
agreements
Total

Imports
into
United
States

Exports
from
United
States

Dollar
exchange

Goods stored in or
shipped between
points in—

United
States

Foreign
countries

Other
transactions

Bought
under rePayable purchase
in foragreeeign curments
rencies

Last Wednesday
in month

In thousands of dollars
1937—June.
Dec.

3,801
540

3,801
540

1938_June.
Dec.

537
549

537
549

671

47

3,083
540

1937—June 30.
Dec. 29.

4
3

537
549

1938—June 29.
Dec 28.

1

556

1939—June 28 1

556

556

1946—June i

18,057

18,057

12,522

948

3,149

1,438

1955—June.
Dec.

15,928
28,205

15,928
23,802

7,307
12,846

2,255
4,618

5,626
3,710

705
2,628

1956—June.
Dec.

18,470
68,763

17,903
33,541

10,831
12,701

4,583
8,722

200
50

1,256
8,692

1,033
3,376

1957—June
Dec
1958—June
Dec
1959—June.
Dec.

22,557
65,688

20,950
42,337

10,315
10,418

5,977
7,727

350

1,539
17,590

3,049
5,536

70
716

567
35,222
1,607
23,351

44,796
49,089

44,796
43,290

12,921
12,899

9,153
7,850

3,275
2,400

14,035
12,022

5,107
6,182

305
1,937

26,005
75,341

26,005
44,168

10,864
11,499

6,710
12,444

600
700

910
10,759

6,873
8,260

I960—June.
Dec.

30,340
73,597

30,340
53,335

8,413
9,688

9,784
16,324

1,900
3,450

2,225
6,795

1961—June.
Dec.

36,008
51,524

36,008
48,515

11,862
14,431

7,144
10,742

350
750

1962—June.
Dec.

59,718
110,253

34,193
52,562

10,671
18,954

5,810
10,660

1963—June.
Dec.

43,468
161,720

38,457
69,978

11,735
21,250

1964—June.
Dec.

83,563
93,768

47,136
58,929

15,395
14,649

1
2

16-90
days

1

1

1946_June26.

18

5

13

1955—June 2 9 . . .
Dec 28.. .

16
28

6
13

11
16

1956—June 27..
Dec. 26..

17
62

5
36

11
26

1957_j U ne26..
Dec. 25 2.

20
60

6
32

14
28

5,799

1958—June 25..
Dec. 3 1 . .

43
49

17
16

27
33

48
506

31,173

1959—June 24..
Dec. 30..

25
75

9
39

17
35

8,018
14,377

2,701

20,262

1960—June 29. .
Dec 28. .

28
65

9
33

20
32

4,980
7,041

10,808
14,293

864
1,258

3,009

1961—June 28..
Dec 27..

35
50

9
13

26
37

1,000
3,600

3,767
1,967

11,163
16,479

1,782
902

25,525
57,692

1962—June 27.
Dec. 26.

44
85

21
49

23
36

10,497
17,098

100
1,600

2,051
2,237

13,714
25,953

360
1,840

5,011
91,742

1963—June 26..
Dec 25 2.

38
121

13
72

25
49

10,532
15,478

700
2,250

1,121
1,011

18,493
24,685

895
857

36,427
34,839

1964—June 24. .
Dec. 30..

101
66

64
20

37
46

No holdings December 1939-December 1945 or December 1946-December 1954.
Tuesday figures because of holiday on Wednesday, December 25.




Within
15 days

In millions of dollars

1

1939—June

Total
holdings

35
4,403

5. U.S. GOVERNMENT SECURITIES HELD BY ALL FEDERAL RESERVE BANKS COMBINED,
A. TYPES OF ISSUES, END OF MONTH, 1941-64
[In millions of dollars]
Month

Total

Bills

1941_jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,254

1942—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

2,243
2,262
2,244
2,357
2,489
2,645
3,153
3,426
3,567
4,667
5,399
6,189

1943- -Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

5,969
5,871
5,919
6,455
6,222
7,202
8,187
9,088
8,919
9,354
10,348
11,543

689
1,475
2,087
2,430
2,442
3,815
4,896
5,701
5,351
5,547
6,163
6,768

—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

12,073
11,632
12,115
13,220
14,251
14,901
14,915
15,806
16,653
17,647
18,388
18,846

1945_jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1946—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

194




Certificates

Notes

Month

Certificates

Total

Bills

Notes

Bonds

1947—Jan
Feb
Mar
Apr
May
June....
July
Aug
Sept
Oct
Nov
Dec

23,941
24,117
22,593
21,857
22,088
21,872
21,549
22,192
22,329
22,168
22,209
22,559

15,652
15,730
15,090
15,101
14,972
14,496
13,895
14,207
14,019
13,563
12,558
11,433

7,180
7,189
6,399
5,651
6,012
6,280
6,559
6,896
7,119
7,087
7,255
6,797

355
444
352
352
369
369
369
369
472
811
,425
,477

753
753
753
753
735
727
726
720
720
708
971
2,853

10

900
900
820
820
820
820
820
820
820
777
777
777

,285
,285
,364
,364
,364
,364
,364
,364
,364
,407
,407
,467

91
156
243
566
696
657
481
383
1,010

693
693
693
693
696
717
725
728
690
,309
,360
,345

,550
,570
,552
,573
,610
,618
,645
,662
,717
2,150
2,469
2,793

1948—Jan
Feb
Mar.. ..
Apr.. . .
May. . .
June...
July
Aug.. ..
Sept
Oct
Nov
Dec

21,925
21,024
20,887
20,340
20,662
21,366
21,325
21,577
23,413
23,042
23,206
23,333

9,709
9,211
8,851
7,974
8,245
8,577
7,556
7,029
7,024
5,098
5,176
5,487

5,882
4,391
4,481
4,236
4,140
4,616
5,059
4,958
5,176
6,147
6,051
6,078

,543
,734
,883
,963
,958
,968
,953
,808
,954
871
798
791

4,791
5,688
5,671
6,167
6,319
6,206
6,757
7,781
9,260
10,925
11,181
10,977

1,317

789
850
997
1,099
1,092
1,092
1,160
1,347
1,565
1,908
2,467

,301
,215
975
984
942
797
723
723
690
688
705
678

2,662
2,392
2,008
2,044
,739
,498
,475
,504
,531
,554
,572
,629

1949—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

22,109
22,342
21,688
21,094
19,704
19,343
18,529
17,524
18,010
17,316
17,682
18,885

5,038
5,304
5,176
4,866
4,232
4,346
3,774
3,485
4,342
3,710
4,000
4,829

6,421
6,788
6,887
6,941
6,758
6,857
6,621
5,958
5,832
5,772
5,871
6,275

426
368
385
385
359
359
354
305
298
298
298
562

10,224
9,883
9,241
8,902
8,356
7,780
7,780
7,775
7,538
7,536
7,513
7,218

6,941
6,354
6,532
7,641
8,466
8,872
9,065
10,074
10,783
11,551
11,868
11,148

2,787
2,696
2,970
2,973
3,147
3,382
3,382
3,382
3,559
3,749
4,163
4,887

678
895
,161
,159
,189
,183
,122
,080
,067
,103
,113
,568

,667
,687
,451
,447
,449
,464
,346
,269
,243
,243
,243
,243

1950—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

17,827
17,746
17,592
17,796
17,389
18,331
17,969
18,356
19,572
19,252
19,693
20,778

3,755
3,857
3,952
4,368
4,069
3,856
4,145
2,302
1,513
763
,112
,296

6,409
6,332
5,864
5,766
5,875
5,357
2,791
4,848
4,975
70
718
2,334

551
701
1,379
1,507
1,644
3,500
6,146
4,439
9,291
14,239
13,499
12,527

7,112
6,857
6,397
6,155
5,802
5,618
4,888
6,768
3,793
4,180
4,364
4,620

19,006
19,439
19,669
20,455
20,954
21,792
21,717
22,530
23,328
23,276
23,472
24,262

11,376
11,830
12,079
13,010
12,954
12,962
12,810
13,254
13,234
13,172
12,593
12,831

4,897
4,917
5,411
5,333
5,870
6,032
6,096
6,400
7,184
7,206
7,800
8,364

,568
,560
,051
988
,017
,685
,698
,762
,933
,920
2,102
2,120

,166
,132
,128
,123
,113
,113
,113
,114
977
977
977
947

1951_jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

21,484
21,881
22,910
22,742
22,509
22,982
23,078
23,127
23,734
23,552
23,239
23,801

,699
,527
,720
,248
655
527
566
616
,058
310
117
596

3,194
3,197
4,851
4,944
12,848
12,720
12,793

14,820
14,961
15,003
14,924
15,051
12,439
13,493
11,838
11,910
5,068
5,068
5,068

4,965
5,393
6,187
6,570
6,803
6,822
5,822
5,822
5,822
5,325
5,334
5,344

23,264
22,904
22,601
22,732
22,932
23,783
23,633
23,946
24,049
23,518
23,944
23,350

12,866
13,038
13,280
13,661
13,896
14,466
14,406
14,739
14,711
14,595
15,025
14,745

8,047
7,546
6,954
6,505
6,395
6,813
7,876
7,856
7,915
7,452
7,331
7,496

,405
,373
,463
,663
,738
,748
596
596
668
715
835
355

947
947
903
903
903
755
755
755
755
755
753
753

1952—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

22,729
22,528
22,514
22,363
22,273
22,906
22,853
23,146
23,694
23,575
23,821
24,697

82
381
265
436
397
283
502
1,341

12,316
11,824
11,810
11,659
11,487
11,821
11,883
11,906
12,492
4,996
5,018
5,061

5,068
5,068
5,068
5,568
5,568
5,568
5,568
5,568
5,568
13,774
13,774
13,774

5,344
5,636
5,636
5,136
5,136
5,136
5,136
5,236
5,236
4,522
4,527
4,522

27
66
218
341

504
726
1,187
1,041

20

5. U.S. GOVERNMENT SECURITIES HELD BY ALL FEDERAL RESERVE BANKS COMBINED—Continued
A. TYPES OF ISSUES, END OF MONTH, 1941-64—Continued
[In millions of dollars]

Month

Total

Bills

Certificates

Notes

Bonds

Month

Total

Bills

Certificates

Notes

Bonds

1,943
2,056
2,319
2,993

4,996
4,996
4,996
4,996
5,121
4,996
4,996
4,996
5,852
5,852
5,847
5,967

13,774
13,774
13,774
13,774
13,774
13,774
13,774
13,774
13,774
13,774
13,274
13,289

4,522
4,522
4,522
4,522
4,522
4,522
4,522
4,522
3,666
3,666
3,656
3,667

1959_jan
Feb
Mar... .
Apr.. . .
May. . .
June...
July... .
Aug.. . .
Sept
Oct
Nov
Dec

25,715
25,350
25,497
25,703
25,905
26,044
26,543
26,690
26,563
26,631
26,922
26,648

1,661
1,323
1,496
1,679
1,904
2,032
2,474
2,666
2,562
2,600
2,894
2,626

18,689
18,672
18,650
18,665
18,650
18,650
18,715
10,510
10,507
10,521
10,509
10,508

2,881
2,871
2,867
2,875
2,867
2,878
2,870
11,010
11,010
11,026
11,011
11,016

2,484
2,484
2,484
2,484
2,484
2,484
2,484
2,504
2,484
2,484
2,508
2,498

24,639
24,509
24,632
24,632
24,812
25,037
24,325
24,023
24,271
24,381
24,888
24,932

1,918
1,788
1,911
1,911
2,091
2,316
1,604
1,302
1,549
1,660
2,167
2,204

5,817
6,051
6,051
6,051
6,600
6,600
6,600
6,600
6,600
6,600
6,600
13,882

13,264
13,029
13,029
13,029
13,029
13,029
13,029
13,029
13,029
13,029
13,029
6,044

3,641
3,641
3,641
3,641
3,093
3,093
3,093
3,093
3,093
3,093
3,093
2,802

I960—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

25,464
25,209
25,264
25,558
26,035
26,523
26,885
26,762
27,024
27,402
27.488
27,384

1,463
1,199
1,263
1,557
2,019
2,513
2,879
2,753
2,978
3,212
3,172
3,217

10,507
8,515
8,507
8,507
8,507
8,508
8,512
14,014
14,046
14,059
9,173
9,082

11,010
13,011
13,010
13,010
13,010
13,011
13,010
7,510
7,511
7,518
12,537
12,519

2,484
2,484
2,484
2,484
2,499
2,491
2,484
2,485
2,489
2,613
2,606
2,566

1955—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

23,885
23,605
23,613
23,612
23,662
23,607
24,091
23,760
23,834
24,024
24.256
24,785

1,160
883
891
886
941
886
1,261

1,278
1,722

13,882
9,960
9,960
9,961
8,274
8,274
8,382
2,520
2,524
2,520
2,640
6,002

6,038
9,959
9,959
9,963
11,646
11,646
11,646
17,400
17,404
17,400
17,537
14,259

2,804
2,802
2,802
2,802
2,802
2,802
2,802
2,802
2,802
2,802
2,802
2,802

1961—Jan
Feb
Mar
Apr.. . .
May. . .
June...
July... .
Aug.. . .
Sept
Oct
Nov....
Dec

26,570
26,667
26,688
26,772
26,887
27,253
27,422
27,697
27,799
28,268
29,210
28,881

2,524
2,596
2,327
2,483
2,652
2,840
2,443
2,659
2,970
3,242
3,742
3,349

9,045
5,457
5,398
5,001
6,517
6,511
6,522
1,683
1,632
1,654
1,691
1,701

12,466
16,056
16,301
16,436
14,548
14,634
14,969
19,827
19,670
19,769
19,945
19,985

2,535
2,558
2,662
2,852
3,170
3,268
3,488
3,528
3,527
3,603
3,832
3,846

1956—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

23,466
23,482
23,636
23,345
23,474
23,758
23,438
23,854
23,680
23,767
24,385
24,915

578
543
734
403
538
855
550
947
742
850
1,415
1,919

5,921
5,937
10,941
10,955
10,946
10,944
10,933
10,942
10,950
10,938
10,998
10,975

14,166
14,200
9,159
9,185
9,188
9,157
9,154
9,164
9,186
9,177
9,171
9,219

2,802
2,802
2,802
2,802
2,802
2,802
2,802
2,802
2,802
2,802
2,802
2,802

1962—Jan
Feb
Mar....
Apr.. . .
May
June...
July....
Aug.. . .
Sept
Oct
Nov
Dec

28,532
28,360
29,061
29,182
29,622
29,663
29,786
30,358
29,825
30,201
30,454
30,820

3,032
2,830
3,105
3,152
3,166
2,961
2,834
3,079
2,373
2,516
2,445
2,723

1,680
4,972
4,977
4,977
5,563
5,630
5,745
9,538
9,538
9,542
13,193
13,182

20,008
16,772
16,903
16,962
17,101
17,220
17,341
13,789
13,837
13,912
10,740
10,773

3,812
3,786
4,076
4,091
3,792
3,852
3,866
3,952
4,077
4,231
4,076
4,142

1957—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

23,421
22,887
23,149
23,169
23,108
23,035
23,355
23,539
23,312
23,338
23,733
24,238

532
143
319
434
353
287
344
801
577
574
814
1,220

10,933
11,367
11,418
11,362
11,373
11,367
11,381
19,936
19,934
19,956
20,044
20,104

9,154
8,574
8,606
8,571
8,571
8,579
8,828
4
40
87

2,802
2,802
2,806
2,802
2,810
2,802
2,802
2,802
2,802
2,805
2,836
2,827

1963—Jan
Feb
Mar.. ..
Apr.. . .
May. . .
June...
July
Aug.. ..
Sept
Oct
Nov
Dec

30,289
30,586
30,963
31,182
31,254
32,027
32,468
32,391
32,563
32,758
33,667
33,593

2,262
2,542
2,583
2,665
2,720
3,365
3,600
3,175
3,320
3,503
4,199
4,147

13,185
13,586
13,598
13,652
14,443
14,454
14,479
10,741
10,712
10,723
7,073
7,068

10,705
10,295
10,493
10,571
9,712
9,759
9,826
14,037
13,993
13,994
17,750
17,733

4,137
4,163
4,289
4,294
4,379
4,449
4,563
4,438
4,538
4,538
4,645
4,645

1958—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

23,331
23,240
23,628
23,681
24,162
25,438
24,480
25,346
24,986
25,443
26,229
26,347

595
504
893
946
1,426
2,703
1,569

19,934
19,946
19,946
19,946
19,946
19,946
19,946
21,507
21,507
21,538
21,592
18,704

1964—Jan
Feb
Mar
Apr
May
June....
July
Aug
Sept
Oct
Nov
Dec

32,752
33,169
33,770
33,169
34,229
34,794
35,051
35,164
35,350
35,709
36,774
37,044

3,312
3,728
4,295
3,626
4,643
5,171
5,388
5,112
5,067
5,354
6,419
6,488

7,066
3,265
3,265
3,265

10
10
10
20
15
2,875

2,802
2,789
2,789
2,789
2,789
2,789
2,955
2,484
2,484
2,484
2,527
2,484

17,729
21,621
21,634
21,649
24,905
24,912
24,950
25,032
25,105
25,133
25,133
25,249

4,645
4,555
4,576
4,629
4,681
4,711
4,713
5,020
5,178
5,222
5,222
5,307

1953—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

23,944
23,875
23,806
23,880
24,246
24,746
24,964
25,063
25,235
25,348
25,095
25,916

1954__jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec




652
584
515
589
830
1,455
1,672
1,772

1,039

1,104
1,303

1,345

985

1,401

2,095
2,284

21

5.

U.S. GOVERNMENT SECURITIES HELD BY ALL FEDERAL RESERVE BANKS COMBINED—Continued
B.

MATURITY DISTRIBUTION, END OF MONTH, 1941-64
[In millions of dollars]

Maturity
Month

Maturity
Month

Total
Within
15 days

16-90
days

91 days1 year

1-5
years

5-10
years

Total
Within
15 days

Over
10 years

1949—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

22,109
22,342
21,688
21,094
19,704
19,343
18,529
17,524
18,010
17,316
17,682
18,885

819
1,846
616
809
1,895
3,232
501
1,320
2,225
621
1,246
1,662

5,221
4,479
5,146
7,652
5,928
3,671
5,124
3,948
3,926
4,066
3,838
4,953

5,419
5,869
6,404
3,833
3,849
4,902
5,366
4,982
4,585
5,357
5,465
4,904

2,404
2,232
2,320
1,935
1,652
2,090
2,090
1,826
1,826
1,826
1,709
2,254

1,268
1,249
1,134
1,125
987
448
448
448
508
508
508
228

6,978
6,667
6,070
5,740
5,393
5,000
5,000
5,000
4,940
4,938
4,915
4,884

724
724
685
685
686
641
649
656
749
,424
,553
,652

479
466
464
465
495
481
503
515
547
838
978
1,105

942
975
959
979
986
980
984
987
914
1,000
1,095
1,150

1950—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

17,827
17,746
17,592
17,796
17,389
18,331
17,969
18,356
19,572
19,252
19,693
20,778

849
1,485
578
732
2,093
2,944
673
4,388
5,254
103
185
2,562

4,051
3,412
4,655
6,448
4,991
4,127
5,670
5,236
1,159
729
,648
,069

5,667
5,696
4,870
2,954
3,323
2,606
3,721
4,619
3,917
9,167
13,315
11,856

2,254
2,404
3,082
3,496
3,170
5,136
5,117
1,681
6,600
6,223
1,398
1,801

214
152
152
152
152
42
42
21
7
7
8
1

4,792
4,599
4,256
4,014
3,661
3,477
2,746
2,410
2,636
3,022
3,139
3,488

690
165
255
430
227
125
1,797
128
4,730
129

,019
,362
,472
2,662
4,298
2,003
4,669
7,761
3,687
181
117
452

12,157
12,231
12,233
10,322
8,533
11,834
7,591
6,218
6,296
14,218
14,089
14,345

4,002
4,309
4,436
4,437
4,437
3,878
4,878
4,878
4,896
5,396
5,396
5,102

987
987
1,032
1,032
,032
,032
,032
,032
,014
,014
,014
,014

2,630
2,828
3,483
3,859
3,983
4,111
3,111
3,111
3,111
2,614
2,623
2,629

3,207
4,157

10,777
9,627
13,430
12,838
12,690
12,426
6,504
6,796
6,721
6,716
3,028
10,520

5,102
5,102
5,441
5,941
5,941
5,941
5,941
5,941
5,941
14,147
14,147
6,655

,014
,014
,014
,014
,014
,070
,070
,070
,070
,070
,070
,070

2,629
2,629
2,629
2,129
2,129
2,072
2,072
2,072
2,072
1,358
1,358
1,358

91
158
310
632
987
944
799
1,150
1,420

97
97
136
136
163
234
385
282
414
.605
622
861

1943—Jan.. .
Feb...
Mar..
Apr...
May..
June..
July. .
Aug..,
Sept..
Oct.. .
Nov..
Dec..

5,969
5,871
5,919
6,455
6,222
7,202
8,187
9,088
8,919
9,354
10,348
11,543

1,302
1,811
2,355
2,907
2,906
3,981
5,397
6,298
6,127
5,919
6,733
7,122

1,036
777
922
870
978
1,347
992
964
967
1,402
1,564
2,514

,510
,415
,169
,234
,216
991
938
938
912
912
914
711

1,060
958
856
858
593
396
388
416
442
641
656
766

1,061
910
617
586
528
486
471
471
471
481
481
429

1951—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

21,484
21,881
22,910
22,742
22,509
22,982
23,078
23,127
23,734
23,552
23,239
23,801

1944—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct..
Nov..
Dec.

12,073
11,632
12,115
13,220
14,251
14,901
14,915
15,806
16,653
17,647
18,388
18,846

8,304
7,762
7,646
7,918
9,071
10,002
10,812
10,764
11,882
12,029
12,302
12,354

1,825
1,709
2,319
3,159
3,036
2,739
2,122
3,239
2,944
3,780
4,249
4,195

719
921
995
988
988
1,040
963
919
971
981
981
1,380

766
746
662
662
664
704
602
536
512
512
512
573

459
494
493
493
493
416
416
346
344
344
344
344

1952- -Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

22,729
22,528
22,514
22,363
22,273
22,906
22,853
23,146
23,694
23,575
23,821
24,697




Over
10 years

839
839
777
777
111
834
834
834
834
877
877
944

2,243
2,262
2,244
2,357
2,489
2,645
3,153
3,426
3,567
4,667
5,399
6,189

43

5-10
years

297
297
453
400
400
400
400
400
400
400
400
393

1942—Jan.. ,
Feb..
Mar..
Apr..
May.
June.
July. ,
Aug..
Sept..
Oct..
Nov..
Dec.

57

1-5
years

815
815
769
822
822
823
823
823
756
756
756
724

Apr..
May.
June.
July. .
Aug..
Sept..
Oct..
Nov..
Dec.

Mar..

75
75

91 days1 year

158
158
185
185
128
128
128
128
151
151
151
97

2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,254

1941—Jan.. .
Feb..

16-90
days

'"260

1,273
309
54
7,540
155
210
925

442
499
123
6,957
7,213
349
129
4,008
4,168

1945—Jan.. .
Feb..
Mar..
Apr..
May.
June.,
July. .
Aug..
Sept..
Oct.. .
Nov..
Dec.

19,006
19,439
19,669
20,455
20,954
21,792
21,717
22,530
23,328
23,276
23,472
24,262

14,137
13,879
14,268
13,999
13,588
14,750
15,484
15,284
14,527
14,021
14,956
15,911

3,067
3,791
3,710
4,781
5,836
4,879
4,704
5,718
7,272
7,726
7,031
7,153

963
963
928
917
781
1,415
781
781
781
781
781
508

549
523
480
476
468
513
513
513
529
529
529
529

291
283
283
282
280
234
234
234
218
218
174
162

1953—Jan.. .
Feb...
Mar...
Apr...
May. .
June..
July..
Aug...
Sept...
Oct.. .
Nov...
Dec...

23,944
23,875
23,806
23,880
24,246
24,746
24,964
25,063
25,235
25,348
25,095
25,916

3,934
23
76
301
1,368
162
453
1,120
495
284
7,367
998

406
561
1,577
1,415
895
2,320
2,245
1,507
8,940
9,264
5,637
6,118

10,520
14,208
13,315
12,461
12,280
13,024
13,024
13,194
6,558
6,558
2,861
9,855

6,655
6,655
6,411
6,914
6,914
6,452
6,452
6,452
6,452
6,452
6,442
6,155

,070 i
,070
,070
,374
,374
,374
,374
,374
,374
,374
,374
,374

1,358
1,358
1,358
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415

1946—Jan..
Feb..
Mar.,
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.

23,264
22,904
22,601
22,732
22,932
23,783
23,633
23,946
24,049
23,518
23,944
23,350

16,405
15,136
15,639
15,819
16,499
18,056
17,696
17,851
16,675
15,374
17,712
17,381

5,660
6,718
5,911
5,841
5,361
4,655
4,865
5,022
6,324
7,093
5,184
4,920

508
360
461
482
482
490
490
490
469
469
469
469

529
529
428
428
428
421
421
421
420
420
420
420

162
162
162
162
162
162
162
162
162
162
160
160

1954—Jan.. .
Feb...
Mar...
Apr...
May. .
June..
July. .
Aug...
Sept...
Oct.. .
Nov...
Dec.. .

24,639
24,509
24,632
24,632
24,812
25,037
24,325
24,023
24,271
24,381
24,888
24,932

3,980
263
345
320
316
463
565
486
283
147
7,533
459

1,861
1,525
3,253
3,277
1,925
2,844
2,030
816
8,549
8,796
5,839
5,764

9,855
13,874
12,278
12,278
13,814
12,973
12,973
13,972
6,690
6,690
2,767
13,194

6,155
6,058
6,307
6,307
6,307
6,307
6,307
6,299
6,321
6,321
6,321
3,087

,374
,374
,035
,035
,035
,035
,035
,035
,014
,014
1,014
1,014

1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415

1947—Jan..
Feb..
Mar.
Apr.,
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec

23,941
24,117
22,593
21,857
22,088
21,872
21,549
22,192
22,329
22,168
22,209
22,559

18,704
17,187
16,149
16,008
16,140
16,374
2,320
12,007
3,312
12,080
2,545
11,898
2,265
12,401
2,298
12,861
3,857
10,501

4,188
5,881
5,395
4,800
4,918
4,512
6,238
5,822
7,037
6,819
6,299
5,565

469
469
469
469
469
444
444
444
422
255
122
198

420
420
420
420
420
408
408
408
301
301
423
1,199

160
160
160
160
142
134
132
126
126
126
205
1,241

1955—Jan...
Feb...
Mar...
Apr...
May..
June..
July. .
Aug...
Sept..,
Oct.. .
Nov..,
Dec.. .

23,885
23,605
23,613
23,612
23,662
23,607
24,091
23,760
23,834
24,024
24,256
24,785

4,116
93
47
188
150
132
6,033
223
278
143
6,123
737

1,059
2,477
2,530
2,389
6,544
6,508
1,090
816
6,588
6,914
1,166
5,171

13,194
11,507
15,519
16,519
10,766
10,766
10,766
18,206
12,452
12,952
12,952
14,861

3,087
7,099
3,087
2,087
3,773
3,773
3,773
2,087
2,087
,587
,587
,587

1,014
1,014
1,014
1,014
1,014
1,014
1,014
1,014
1,014
1,014
1,014
1,014

1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415

1948_Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec..

21,925
21,024
20,887
20,340
20,662
21,366
21,325
21,577
23,413
23,042
23,206
23,333

3,107
2,116
2,416
958
1,632
4,573
1,040
1,933
2,444
712
876
1,305

5,480
5,852
5,983
3,450
3,580
3,527
4,818
4,852
5,680
6,099
5,877
5,125

393
418
470
966
1,139
1,146
1,150
1,164
2,465
2,598
2,555
2,593

,452
,601
,692
,692
,687
,680
,692
,801
,285
,529
,546
,366

2,730
3,376
3,390
3,390
3,374
3,380
3,915
4,816
6,150
7,444
7,671
7,565

1956—Jan...
Feb...
Mar..
Apr...
May..
June. .
July. .
Aug..,
Sept..
Oct.. .
Nov..
Dec..

23,466
23,482
23,636
23,345
23,474
23,758
23,438
23,854
23,680
23,767
24,385
24,915

204
4,172
59
153
152
133
95
114
211
220
6,155
599

5,386
1,435
688
304
7,873
8,176
455
852
6,501
6,580
6,274
6,439

13,861
13,861
18,873
19,373
11,933
11,933
11,433
19,373
13,452
14,166
9,154
15,075

,587
,587
,587
,087
,087
,087
),027
,087
,087
373
373
373

1,014
1,014
1,014
1,014
1,014
1,014
1,014
1,014
1,014
1,014
1,014
1,014

1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415




8,763
7,662
6,936
9,884
9,251
7,061
8,711
7,010
5,388
4,660
4,681
5,379

5.

U.S. GOVERNMENT SECURITIES HELD BY ALL FEDERAL RESERVE BANKS COMBINED—Continued
B.

MATURITY DISTRIBUTION, END OF MONTH, 1941-64—Continued
[In millions of dollars]
Maturity

Month

Total

Within
15 days

16-90
days

91 days1 year

1-5
years

Maturity
5-10
years

Over
10 years

Month

Total

Within
15 days

16-90
days

91 days1 year

1-5
years

5-10
years

Over
10 years

1957—Jan..
Feb..
Mar.,
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.,
Dec.

23,421
22,887
23,149
23,169
23,108
23,035
23,355
23,539
23,312
23,338
23,733
24,238

5,188
64
128
101
186
118
8,189
135
95
142
8,188
675

857
67
286
333
8,044
8,039
6,870
655
8,339
8,289
6,162
6,335

14,575
19,955
19,946
19,946
12,089
12,089
5,507
19,960
12,089
12,118
6,594
14,439

373
373
361
361
361
681
681
681
681
681
681
1,374

1,014
1,014
1,014
1,014
1,014
750
750
750
750
750
750
57

1,415
1,415
1,415
1,415
1,415
,358
,358
,358
,358
,358
,358
,358

1961—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

26,570
26,667
26,688
26,772
26,887
27,253
27,422
27,697
27,799
28,268
29,210
28,881

3,938
204
357
3,099
393
341
5,380
266
227
405
197
567

1,455
4,531
4,172
1,295
6,314
6,503
1,146
1,192
1,245
1,332
6,746
6,630

9,054
11,128
10,982
10,761
7,442
7,834
7,895
11,853
11,916
11,990
10,686
10,453

10,673
9,344
9,306
9,603
10,471
10,268
10,575
11,914
11,908
12,016
9,091
8,738

1,179
1,189
1,733
1,863
2,116
2,141
2,218
2,252
2,274
2,287
2,223
2,227

271
271
138
151
151
166
208
220
229
238
267
266

1958—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

23,331
23,240
23,628
23,681
24,162
25,438
24,480
25,346
24,986
25,443
26,229
26,347

5,586
45
39
262
154
381
6,613
152
135
268
8,085
742

517
459
854
683
7,854
9,265
2,009
1,193
8,708
9,031
7,507
7,094

14,439
19,946
20,285
20,285
13,725
13,365
13,365
21,507
13,650
13,650
8,143
13,159

1,374
1,374
1,035
1,035
1,014
1,014
1,024
1,024
1,024
1,024
1,024
3,881

57
57
57
57
57
57
84
84
84
84
84
206

,358
,358
,358
,358
,358
,358
,386
,386
,386
,386
,386
,264

1962—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

28,532
28,360
29,061
29,182
29,622
29,663
29,786
30,358
29,825
30,201
30,454
30,820

5,500
426
434
2,310
254
641
4,048
407
290
3,922
376
665

1,408
3,320
3,832
2,123
5,420
5,163
1,565
4,968
4,949
1,491
5,195
5,252

10,380
12,040
11,854
11,749
11,614
11,395
11,584
12,547
11,960
12,077
11,957
11,850

8,751
10,081
10,438
10,487
9,821
10,031
10,156
9,987
10,127
10,183
10,734
10,808

2,227
2,227
2,237
2,247
2,247
2,219
2,219
2,233
2,300
2,325
1,967
2,094

266
266
266
266
266
214
214
216
199
203
225
151

1959—Jan..
Feb..
Mar.
Apr.,
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec

25,715
25,350
25,497
25,703
25,905
26,044
26,543
26,690
26,563
26,631
26,922
26,648

5,928
123
164
422
115
253
8,595
171
398
5,506
214
675

1.172
1,053
1,149
933
9,426
9,352
1,308
6,700
6,424
1,735
7,711
7,053

13,263
18,823
18,833
18,996
11,012
11,087
11,289
11,825
11,747
11,396
11,002
10,926

3,881
3,881
3,881
3,881
3,881
3,881
3,881
6,524
6,524
6,524
6,524
6,524

206
206
206
206
206
410
410
410
410
410
410
677

,264
,264
,264
,264
,264
,060
,060
,060
,060
,060
,060
793

1963 -Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

30,289
30,586
30,963
31,182
31,254
32,027
32,468
32,391
32,563
32,758
33,667
33,593

4,154
462
517
3,982
450
645
4,796
565
588
4,194
619
493

1,256
4,681
4,717
1,431
5,608
5,681
1,804
5,450
5,805
2,183
6,211
6,322

11,861
12,485
12,464
12,441
14,778
15,166
15,182
13,135
12,827
13,038
15,813
15,754

10,773
10,687
10,917
10,980
8,233
8,306
8,385
10,866
10,909
10,909
8,505
8,669

2,094
2,114
2,183
2,183
2,020
2,057
2,120
2,176
2,225
2,225
2,300
2,136

151
157
165
165
165
172
181
199
209
209
219
219

I960—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

25,464
25,209
25,264
25,558
26,035
26,523
26,885
26,762
27,024
27,402
27,488
27,384

5,880
216
174
232
230
445
5,932
419
472
5,735
220
821

859
829
789
876
6,734
6,622
1,541
6,472
6,584
1,568
5,384
5,247

10,731
14,170
14,307
14,456
11,934
12,320
12,275
12,734
12,832
12,934
9,741
9,186

6,524
8,544
8,544
8,544
5,687
5,687
5,687
5,687
5,687
5,716
10,694
10,680

677
657
1,179
1,179
1,179
1,179
1,179
1,179
1,179
1,179
1,179
1,179

793
793
271
271
271
271
271
271
271
271
271
271

1964—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

32,752
33,169
33,770
33,169
34,229
34,794
35,051
35,164
35,350
35,709
36,774
37,044

4,137
454
866
6,598
343
670
2,357
420
650
6,892
538
1,083

2,153
8,371
8,413
2,099
4,667
4,635
3,031
9,396
9,281
3,181
3,911
3,564

15,438
9,909
10,034
9,979
12,490
12,723
12,897
10,183
10,023
10,167
16,828
16,799

8,669
12,149
12,160
12,158
14,364
14,691
14,691
12,848
12,956
13,091
13,119
13,506

2,136
2,067
2,075
2,105
2,131
1,836
1,836
2,037
2,126
2,053
2,088
1,797

219
219
222
230
234
239
239
280
314
325
290
295




6. INDUSTRIAL LOANS OF ALL FEDERAL RESERVE BANKS COMBINED
A. NUMBER AND AMOUNTS APPLIED FOR AND APPROVED AND AMOUNTS OUTSTANDING,
JUNE AND DECEMBER, 1934-59
[Amounts in thousands of dollars]
Amount
Date i

Applications received
to date

Number

Amount

Applications approved
to date
Loans 2

Number

Commitments

Participa- Approved
tions by
but not
cooperating completed
financing 3 (amount)4
institutions

Repaid,
expired,
withdrawn
by applicant, etc.
(amount)

1934—Dec. 26

4,386

146,972

984

49,634

13,589

8,225

1,296

20,966

5,558

1935—June 26
Dec. 31

6,325
7,437

237,581
293,084

1,646
1,993

88,778
124,493

27,518
32,493

20,579
27,649

4,533
8,778

11,248
11,548

24,900
44,025

1936—June 24
Dec. 30

8,006
8,247

314,471
328,998

2,183
2,280

133,343
139,829

30,484
25,526

24,454
20,959

7,599
7,208

9,381
8,226

61,425
77,910

1937—June 30
Dec. 29.

8,430
8,534

339,509
350,551

2,361
2,406

145,758
150,987

23,014
20,216

16,331
12,780

7,275
7,238

1,470
3,369

97,668
107,384

1938—June 29
Dec. 28

8,976
9,188

369,583
387,490

2,566
2,653

161,158
175,013

18,444
17,345

13,649
14,161

8,426
12,722

3,084
1,946

117,555
128,839

1939—June 28.
Dec. 27.

9,308
9,418

395,499
405,225

2,721
2,781

179,778
188,222

15,255
13,683

11,175
9,220

12,000
10,981

2,067
2,659

139,281
151,679

1940—June 26.
Dec. 31.

9,512
9,609

413,646
431,236

2,838
2,908

195,739
212,510

10,988
9,152

8,762
5,226

11,182
6,386

2,195
13,954

162,612
177,792

1941—June 25.
Dec. 31.

9,817
10,007

458,092
510,443

3,067
3,202

238,505
279,860

10,549
10,337

13,072
14,597

14,011
19,600

8,090
8,294

192,783
227,032

1942—June 24.
Dec. 31.

10,191
10,276

572,411
643,427

3,352
3,423

338,822
408,737

11,265
14,126

16,832
10,661

26,430
17,305

26,346
4,248

257,949
362:397

1 9 4 3 _ j u n e 30.
Dec. 31.

10,309
10,330

710,899
727,110

3,452
3,471

475,468
491,342

13,044
10,532

12,132
9,270

19,070
17,930

3,203
926

428,019
452,684

1944—June 30.
Dec. 31.

10,342
10,348

747,123
761,800

3,483
3,489

510,857
525,532

11,366
3,894

4,048
4,165

11,063
2,705

45
1,295

484,335
513,473

1945—June 30.
Dec. 31.

10,361
10,370

773,598
781,228

3,502
3,511

537,331
544,961

3,252
1,995

5,224
1,644

2,501
1,086

70
320

526,284
539,916

1946—June 30.
Dec. 31.

10,383
10,403

788,977
804,230

3,524
3,542

552,711
565,913

1,210
554

5,366
8,309

1,110
2,670

615
4,577

544,410
549,803

1 9 4 7 _ j u n e 30.
Dec. 31.

10,419
10,441

811,460
828,581

3,555
3,574

572,836
586,726

1,778
1,387

7,018
7,434

4,043
4,869

195
945

559,802
572,091

1948—June 30.
Dec. 31.

10,469
10,483

851,015
856,407

3,599
3,607

610,956
615,653

851
995

6,482
1,643

3,238
1,990

1,045
335

599,340
610,690

1949—June 30.
Dec. 31.

10,494
10,561

862,671
871,689

3,615
3,649

621,297
629,326

614
2,178

2,278
2,288

2,618
2,947

205
539

615,582
621,374

1950—June 30.
Dec. 31.

10,621
10,649

882,474
897,222

3,677
3,698

638,015
651,389

2,779
2,632

1,352
3,754

2,731
3,745

4,416
4,819

626,737
636,439

1951—June 30.
Dec. 31.

10,695
10,711

918,984
959,634

3,724
3,736

671,432
710,931

5,762
4,687

3,740
6,036

6,199
11,985

3,221
3,513

652,510
684,710

1952—June 30.
Dec. 31.

10,731
10,743

988,368
1,017,169

3,745
3,753

738,721
766,492

5,101
3,921

5,947
3,210

10,105
3,289

1,083
1,638

716,485
754,434

1953—June 30.
Dec. 31.

10,752
10,765

[,039,135
1,057,800

3,758
3,765

788,058
803,429

3,223
1,900

3,142
3,569

3,142
3,469

1,645
1,951

776,906
792,540

1954—June 30.
Dec. 31.

10,772
10,778

,066,972
,073,012

3,768
3,771

812,433
818,224

1,247
719

2,395
1,148

1,855
1,027

195
520

806,741
814,810

1955_june 30.
Dec. 31.

10,783
10,788

,079,245
,082,712

3,775
3,778

824,441
826,853

460
702

3,571
2,293

1,577
1,103

170
305

818,663
822,450

1956—June 30.
Dec. 31.

10,791
10,794

,100,975
,104,009

3,780
3,782

830,116
832,550

904
794

2,565
2,365

1,287
1,129

1957—June 30.
Dec. 31

10,797
10,800

,109,175
,114,699

3,783
3,786

835,766
841,291

742
524

1,780
1,109

919
1,123

80

832,245
838,535

1958—June 30
Dec. 31

10,802
10,803

,116.734
1,117,084

3,787
3,787

843,321
843,321

343
335

991
975

799
806

75

841,113
841,205

1959—June 30

10,803

1,117,084

3,787

843,321

328

360

381

For notes see next page.




25

825,360
828,262

842,252

6. INDUSTRIAL LOANS OF ALL FEDERAL RESERVE BANKS COMBINED—Continued
B.

MATURITY DISTRIBUTION OF LOANS OUTSTANDING, JUNE AND DECEMBER, 1934-59
[In thousands of dollars]

Total 5

Date

Within
15 days

16-90
days

91 days1 year

1934—Dec. 26

13 589

32

1 147

12 410

June 26
Dec 31

27,518
32,493

1,203
1,674

1,013
1,732

25,302
29,087

1936—June 24
Dec. 30

29,936
24,768

1,631
1,167

1,534
1,598

26,771
22,003

1937

June 30
Dec. 29

22,152
18,291

849
1,334

1,780
1,317

5,703
4,921

13,820
10,719

1938—June 29
Dec. 28

16,590
15,688

1,239
1,784

1,391
1,562

5,073
5,181

8,887
7,161

1939

June 28
Dec 27

12,440
11 113

1,716
2 043

1,370
661

3,953
3 290

5,401
5 119

1940—June 26
Dec. 31

8,975
7,538

2,057
1,528

668
344

1,711
1,872

4,539
3,794

1941—June 25
Dec 31

9,088
9 504

1,522
3 116

1,440
1 011

2,314
2513

3,812
2 864

1942—June 24
Dec. 30

10,596
13,999

5,558
8,564

1,366
2,389

1,239
1,691

2,433
1,355

12,676
10,138

10,339
8,253

1,029
1,178

818
368

490
339

June 30
Dec 29

1944

June 28
Dec 27

11,067
5,963

10,404
5,789

261
28

292
59

110
87

1945—June 27
Dec 26

3,293
2 038

2,155
1 925

48
10

863
77

227
26

1946

1,189
541

1,012
460

23
14

90
26

64
41

91 days1 year

1 773
1,387

1 216
1,316

40

79
36

438
34

1948—June 30
Dec 29

851
851

535
757

280
2

6
69

30
23

1949_june29
Dec 28

474
1,989

420
1,211

27
16

11
131

16
631

1950—June 28
Dec 27

2,667
2,397

70
120

319
151

1,269
902

1,009
1,224

..

5,450
4,706

688
1,341

4,762
90

2,007

1,268

...

4,920
3 892

1,345
256

343
1 987

2,100
1 304

1 132
345

3,029
1,973

948
821

742
72

1,198
1,020

141
60

1,232
622

4
126

123
32

1,063
389

42
75

472
712

25
21

147
4

157
584

143
103

922
805

63
68

80
4

428
463

351
270

June 26
Dec 25

744
499

62
60

29
29

463
277

190
133

1958—June 25
Dec 31

343
336

153
213

29
18

73
43

88
62

1951—June 27
Dec 26
1952—June 25
Dec 31

.

1953—June 24
Dec. 30
1 9 5 4 _ j u n e 30
Dec 29

.

1955—June 29
Dec 28
1956—June 27
Dec 26
1957

1959
5

1

Last Wednesday through 1942; end of month thereafter.
Includes industrial loans past due 3 months or more, which are not
included in "industrial loans" in statements of condition of the F.R.
Banks.
3
Not covered by F.R. Bank commitment to purchase or discount.
4
Includes applications approved conditionally by the F.R. Banks
and under consideration by applicant.
2




16-90
days

1947—June 25
Dec 31

1943

June 26
Dec 25

Within
15 days

Date

1935

. . . .

Total 5

1-5
years

June 24

. . . .

1-5
years

1

Excludes industrial loans past due 3 months or more.

Note.—The industrial loan program was discontinued on Aug.
21, 1959, one year after Section 13b of the Federal Reserve Act was
repealed by the Small Business Investment Act of 1958.

26

7. DEPOSITS, FEDERAL RESERVE NOTE LIABILITIES, RESERVES, AND RESERVE RATIO OF ALL FEDERAL
RESERVE BANKS COMBINED, MONTHLY AVERAGES OF DAILY FIGURES, 1941-64
[In millions of dollars unless otherwise noted]
Deposits
Month and year

Total

Member
bank
reserves

U.S.
Treasury

Reserves
Foreign

Other

F.R. note
liability

Excess

Total

Reserve
ratio
(per cent)

1941—Jan.. .
Feb...
Mar.. .
Apr...
May..
June..
July. .
Aug...
Sept.. .
Oct...
Nov.. .
Dec...

16,359
16,331
16,364
16,266
16,194
16,044
15,843
15,672
15,496
15,527
15,343
14,935

14,339
13,996
13,979
13,600
13,650
13,201
13,120
13,004
13,184
13,097
12,900
12,812

265
548
618
892
618
987
949
829
476
525
669
592

1,755
1,787
1,767
1,774
1,926
1,856
1,774
1,839
1,836
1,905
1,774
1,531

5,861
5,941
6,067
6,209
6,383
6,581
6,789
6,948
7,151
7,340
7,544
7,984

12,129
12,182
12,277
12,291
12,354
12,359
12,331
12,325
12,313
12,426
12,440
12,352

20,199
20,274
20,431
20,468
20,575
20,607
20,592
20,589
20,597
20,796
20,828
20,773

90.9
91.0
91.1
91.1
91.1
91.1
91.0
91.0
90.9
90.9
91.0
90.6

1942—Jan
Feb...
Mar.. .
Apr...
May..
June..
July..
Aug...
Sept.. .
Oct....
Nov.. .
Dec...

14,792
14,577
14,389
14,274
14,234
14,094
14,197
14,196
13,874
13,929
14,160
14,669

12,936
12,908
12,827
12,649
12,510
12,624
12,409
12,623
12,299
12,234
12,618
13,152

467
377
244
197
317
136
425
240
254
350
219
307

1,389
1,292
1,318
1,428
1,407
1,334
1,363
1,333
1,321
1,345
1,323
1,210

8,204
8,427
8,580
8,711
8,926
9,222
9,534
9,909
10,393
10,933
11,454
12,012

12,386
12,400
12,372
12,338
12,260
12,203
12,044
11,875
11,790
11,573
11,269
10,919

20,845
20,873
20,840
20,818
20,812
20,825
20,827
20,807
20,803
20,821
20,807
20,858

90.6
90.7
90.7
90.6
89.9
89.3
87.8
86.3
85.7
83.7
81.2
78.2

1 9 4 3 _ j a n . . ..
Feb... .
Mar.. .
Apr....
May...
June...
July. ..
Aug.. .
Sept...
Oct....
Nov.. .
Dec...

14,904
14,322
14,427
14,289
13,793
13,742
14,360
14,475
14,704
14,175
14,338
15,141

13,344
12,933
13,255
12,717
12,024
12,293
12,410
12,597
12,864
12,035
12,313
12,749

310
212
8
276
433
148
454
316
336
559
338
669

1,250
1,177
1,164
1,296
1,336
1,301
1,496
1,562
1,504
1,581
1,687
1,723

12,160
12,428
12,669
12,925
13,268
13,673
14,111
14,605
15,131
15,420
15,970
16,657

10,858
10,892
10,721
10,533
10,501
10,327
9,874
9,561
9,169
9,177
8,829
8,189

20,938
20,876
20,838
20,704
20,636
20,606
20,544
20,469
20,368
20,306
20,235
20,151

77.4
78.0
76.9
76.1
76.3
75.2
72.2
70.4
68.3
68.6
66.8
63.4

1944_jan....
Feb....
Mar.. .
Apr
May...
June...
July. ..
. Aug....
Sept.. .
Oct
Nov.. .
Dec...

15,308
14,542
14,697
14,820
15,202
15,818
15,125
15,169
15,645
15,691
16,361
16,429

12,935
12,349
12,431
12,574
12,962
13,518
12,900
13,004
13,476
13,808
14,520
14,168

484
335
393
324
318
347
396
385
495
290
262
666

1,889
1,858
1,873
1,922
1,922
1,953
1,829
1,780
1,674
1,593
1,579
1,595

16,919
17,134
17,449
17,740
18,221
18,707
18,991
19,426
19,965
20,520
21,116
21,594

7,986
8,040
7,681
7,323
6,836
6,300
6,300
6,005
5,504
5,139
4,614
4,335

20,111
19,983
19,805
19,606
19,445
19,319
19,190
19,085
18,966
18,839
18,787
18,723

62.4
63.1
61.6
60.2
58.2
56.0
56.3
55.2
53.3
52.0
50.1
49.2

1945—Jan.. ..
Feb....
Mar.. .
Apr....
May...
June...
July...
Aug
Sept.. .
Oct
Nov.. .
Dec...

16,081
16,209
16,193
16,641
17,110
17,414
16,936
17,081
17,522
17,511
17,809
17,899

14,048
14,040
14,429
14,621
15,156
15,415
14,755
14,978
15,414
15,675
16,043
16,027

532
536
269
504
405
368
618
549
609
448
419
625

1,501
1,633
1,495
1,516
1,549
1,631
1,563
1,554
1,499
1,388
1,347
1,247

21,691
21,950
22,263
22,440
22,746
22,892
23,172
23,593
23,960
24,123
24,320
24,582

4,377
4,161
3,973
3,693
3,322
6,225
8,013
7,783
7,548
7,475
7,341
7,253

18,682
18,614
18,546
18,493
18,409
18,197
18,040
17,952
17,919
17,884
17,873
17,873

49.5
48.8
48.2
47.3
46.2
45.1
45.0
44.1
43.2
43.0
42.4
42.1

1946—Jan.. ..
Feb....
Mar.. .
Apr....
May...
June...
July. ..
Aug
Sept.. .
Oct
Nov.. .
Dec. .

17,851
17,789
17,512
17,099
17,357
17,735
17,880
17,883
17,889
17,558
17,898
17,925

15,921
15,685
15,536
15,531
15,727
15,996
16,017
16,031
16,160
16,167
16,310
16,517

648
856
809
448
556
686
589
524
515
444
596
556

1,282
1,248
1,167
1,120

24,366
24,146
24,050
23,982
23,972
24,093
24,247
24,334
24,442
24,549
24,690
24,947

7,391
7,530
6,786
7,829
7,762
7,640
7,577
7,547
7,515
7,624
7,618
7,628

17,945
18,014
18,077
18,099
18,094
18,097
18,109
18,101
18,098
18,151
18,265
18,346

42.5
43.0
43.5
44.1
43.8
43.3
43.0
42.9
42.8
43.1
42.9
42.8

1,074
1,053
1,274

1,328
1,214
947
992
852

For note see p. 30.




27

7. DEPOSITS, FEDERAL RESERVE NOTE LIABILITIES, RESERVES, AND RESERVE RATIO OF ALL FEDERAL
RESERVE BANKS COMBINED, MONTHLY AVERAGES OF DAILY FIGURES, 1941-64—Continued
[In millions of dollars unless otherwise noted]
Deposits
Month and year

Total

Member
bank
reserves

U.S.
Treasury

Reserves
F.R. note
liability
Foreign

Other

Excess

Total

Reserve
ratio
(per cent)

1947_jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

18,168
18,747
18,447
17,714
17,583
17,661
18,076
18,517
18,426
18,926
19,286
19,244

16,399
16,006
16,006
15,931
15,978
16,154
16,347
16,481
16,866
17,073
16,988
17,261

780
1,895
1,344
723
612
557
735
957
553
945
1,287
967

989
846
1,097
1,060
993
950
994
1,079
1,007
908
1,011
1,016

24,625
24,364
24,253
24,106
24,048
24,107
24,167
24,176
24,572
24,514
24,558
24,827

7,767
7,879
8,494
8,893
9,215
9,407
9,602
9,735
9,892
10,043
10,262
10,437

18,465
18,657
19,169
19,348
19,623
19,849
20,163
20,408
20,642
20,903
21,223
21,455

43.1
43.3
44.9
46.3
47.1
47.5
47.7
47.8
48.0
48.1
48.4
48.7

1948—Jan..
Feb..
Mar.
Apr..
May.
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

19,534
19,144
19,264
19,137
19,227
19,773
20,312
20,436
20,757
22,374
22,382
22,439

17,390
16,834
17,106
16,926
16,933
17,396
17,526
17,690
18,509
19,818
19,835
19,990

,130
,323
,089
,225
,420
,487
,829
,834
,321
,598
,563
,398

1,014
987
1,069
986
874
890
957
912
927
958
984
1,051

24,431
24,115
23,932
23,720
23,645
23,712
23,826
23,867
24,046
24,073
24,138
24,275

10,580
10,907
11,044
11,178
11,262
11,316
11,308
11,355
11,365
11,076
11,209
11,269

21,571
21,722
21,843
21,892
21,980
22,187
22,343
22,431
22,566
22,688
22,839
22,948

49.1
50.2
50.6
51.1
51.3
51.0
50.6
50.6
50.4
48.8
49.1
49.1

1949—Jan..
Feb..
Mar.
Apr..
May,
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec..

22,216
22,342
21,681
21,479
20,127
19,473
18,926
18,364
17,722
17,839
17,872
18,293

19,991
19,570
19,417
19,185
18,146
18,068
17,558
16,873
16,083
16,113
16,119
16,291

,014
,539
,009
,109
914
421
391
521
649
555
457
687

1,211
1,233
1,255
1,185
1,067
984
977
970
990
,171
,296
,315

23,849
23,546
23,463
23,364
23,316
23,307
23,365
23,289
23,318
23,297
23,298
23,551

11,476
11,569
11,770
11,868
12,256
12,487
12,702
12,929
13,127
13,055
12,979
12,740

22,992
23,041
23,056
23,079
23,117
23,182
23,275
23,342
23,387
23,339
23,272
23,201

49.9
50.2
51.1
51.5
53.2
54.2
55.0
56.0
57.0
56.7
56.5
55.4

1950—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

18,412
18,209
18,050
17,843
17,803
18,078
18,283
18,345
18,586
18,688
18,523
19,279

16,520
16,146
16,081
15,898
15,941
16,194
16,253
16,273
16,602
16,731
16,742
17,391

472
585
638
695
563
512
549
668
749
590
450
615

,420
,478
,331
,250
,299
,372
,481
,404
,235
,367
,331
,273

23,175
22,946
22,929
22,902
22,821
22,792
22,924
22,851
22,984
23,066
23.201
23,597

12,787
12,834
12,844
12,842
12,874
12,776
12,638
12,384
11,927
11,715
11,506
10,916

23,184
23,123
23,089
23,028
23,030
22,994
22,940
22,683
22,320
22,154
21,937
21,635

55.7
56.2
56.3
56.5
56.7
56.3
55.7
55.1
53.7
53.1
52.6
50.5

1951—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

19,655
21,004
21,022
21,208
20,775
20,751
20,792
20,761
21,027
21,296
21,097
21,416

18,088
18,907
19,207
19,324
18,892
19,309
19,229
19,174
19,396
19,868
19,794
20,310

368
842
603
632
640
280
405
483
576
451
436
271

861
862
861
860
896
914
867
833
758
690
583
571

338
393
351
392
347
248
291
271
297
287
284
264

23,243
23,090
23,073
23,067
23,180
23,377
23,712
23,823
24,078
24,227
24,458
24,970

10,557
9,992
9,652
9,500
9,524
9,484
9,383
9,406
9,393
9,491
9,681
9,672

21,282
21,016
20,676
20,569
20,513
20,516
20,509
20,552
20,669
20,872
21,070
21,269

49.6
47.7
46.9
46.5
46.7
46.5
46.1
46.1
45.8
45.8
46.3
45.9

1952—Jan,.
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

21,316
21,146
21,385
21,201
21,158
21,311
21,801
21,851
21,837
22,102
22,321
22,784

20,470
19,995
20,207
19,777
19,767
20,140
20,535
20,306
20,514
20,611
20,744
21,180

109
352
333
549
553
328
306
501
326
550
591
569

506
469
562
551
538
601
681
785
766
688
689
745

231
330
283
324
300
242
279
259
231
253
297
290

24,620
24,392
24,363
24,342
24,391
24,643
24,863
24,933
25,167
25,344
25,654
26,232

10,130
10,452
10,651
10,725
10,715
10,620
10,487
10,452
10,394
10,277
10,143
9,825

21,614
21,837
22,088
22,111
22,102
22,109
22,153
22,148
22,145
22,139
22,137
22,079

47.1
48.0
48.3
48.5
48.5
48.1
47.5
47.3
47.1
46.7
46.1
45.0

For note see p. 30.




28

7. DEPOSITS, FEDERAL RESERVE NOTE LIABILITIES, RESERVES, AND RESERVE RATIO OF ALL FEDERAL
RESERVE BANKS COMBINED, MONTHLY AVERAGES OF DAILY FIGURES, 1941-64—Continued
[In millions of dollars unless otherwise noted]
Deposits
Month and year

Total

Reserves
F.R. note
liability

Member
bank

U.S.
Treasury

Foreign

Other

Total

Reserve
ratio
per cent) l

1953—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

22,526
21,882
21,568
21,362
21,155
21,108
20,974
21,106
20,981
20,962
21,073
21,378

20,958
20,520
20,416
20,007
19,897
20,287
19,653
19,526
19,552
19,536
19,718
19,920

552
500
244
395
356
52
545
656
537
557
497
602

611
526
530
563
552
566
537
548
538
463
434
466

405
336
378
397
350
203
239
376
354
406
424
390

25,835
25,628
25,594
25,562
25,608
25,718
25.887
25,915
26,073
26,098
26,260
26,642

9,810
9,730
9,627
9,646
9,687
9,628
9,467
9,282
9.222
9,156
9,406
9,337

21,900
21,608
21,418
21,377
21,378
21,335
21,182
21,037
20,986
20,921
21,239
21,342

45.3
45.5
45.4
45.6
45.7
45.6
45.2
44.7
44.6
44.5
44.9
44.4

1954—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

21,255
21,024
20,909
20,884
20,962
21,146
20,703
20,069
19,897
20,402
20,508
20,526

20,179
19,557
19,573
19,392
19,533
19,670
19,164
18,478
18,403
18,893
19,207
19,279

201
568
490
584
486
602
498
591
541
610
492
443

453
470
494
481
531
553
632
536
522
455
416
439

422
429
352
427
412
321
409
464
431
444
393
365

26,149
25,768
25,611
25,498
25,477
25,530
25,655
25,552
25,617
25,680
25,888
26,363

9,483
9,572
9,645
9,683
9,675
9,572
9,649
9,777
9,746
9,580
9,445
9,309

21,334
21,270
21,275
21,279
21,285
21,241
21,239
21,182
21,125
21,101
21,044
21,031

45.0
45.5
45.7
45.9
45.8
45.5
45.8
46.4
46.4
45.8
45.4
44.9

1955—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

20,315
20,189
20,130
20,152
19,988
19,801
20,131
20,126
20,029
20,172
20,278
20,527

19,114
18,819
18,635
18,800
18,746
18,715
18,824
18,728
18,711
18,870
18,902
19,240

341
477
690
501
421
329
461
569
540
509
538
434

477
420
363
370
389
412
423
431
386
390
394
459

383
473
442
481
432
345
423
398
392
403
444
394

25,917
25,608
25,559
25,531
25,555
25,718
25,947
25,979
26,130
26,214
26,444
26,911

9,477
9,585
9,608
9,573
9,602
9,612
9,474
9,461
9,454
9,402
9,322
9,144

21,035
21,034
21,030
20,994
20,988
20,992
20,994
20,988
20,994
20,999
21,003
21,004

45.5
45.9
46.0
46.0
46.1
46.1
45.6
45.5
45.5
45.3
45.0
44.3

1956—Jan
Feb
Mar.. . .
Apr
May....
June....
July. ...
Aug
Sept.. . .
Oct
Nov.. . .
Dec

20,252
19,904
20,155
20,068
19,944
20,037
19,937
19,880
20,140
20,062
20,246
20,617

19,138
18,709
18,924
18,847
18,735
18,933
18,836
18,783
19,024
18,939
19,169
19,535

356
480
532
545
556
485
521
504
523
487
456
463

404
364
349
338
331
315
300
318
356
337
308
372

354
351
350
338
322
304
280
275
237
299
313
247

26,511
26,113
26,061
26,014
26,039
26,208
26,455
26,422
26,557
26,600
26,855
27,394

9,319
9,508
9,473
9,527
9,586
9,547
9,538
9,596
9,523
9,555
9,453
9,255

21,010
21,012
21,027
21,048
21,082
21,108
21,136
21,172
21,197
21,221
21,228
21,258

44.9
45.7
45.5
45.7
45.8
45.6
45.6
45.7
45.4
45.5
45.1
44.3

1957—Jan.. .
Feb...
Mar..
Apr.. .
May..
June..
July. .
Aug..
Sept..
Oct.. .
Nov..
Dec...

20,229
19,781
19,839
20,203
19,985
20,155
20,265
19,946
20,152
20,131
20,081
20,336

19,295
18,816
18,884
19,087
18,827
18,982
19,129
18,834
18,956
19,040
18,958
19,420

335
336
423
429
521
490
480
490
547
495
464
385

323
335
316
348
361
393
377
349
378
338
322
345

276
294
216
339
276
290
279
273
271
258
337
186

27,009
26,627
26,492
26,436
26,377
26,535
26,781
26,773
26,887
26,843
27,018
27,544

9,495
9,996
10,039
9,971
10,082
10,264
10,179
10,262
10,182
10,228
10,281
10,113

21,305
21,598
21,622
21,631
21,673
21,937
21,941
21,942
21,942
21,972
22,056
22,083

45.1
46.5
46.7
46.4
46.7
47.0
46.6
47.0
46.6
46.8
46.8
46.1

1958—Jan.. .
Feb...
Mar..
Apr...
May..
June..
July. .
Aug...
Sept..
Oct.. .
Nov..
Dec...

20,329
20,014
19,802
19,565
19,376
19,673
19,767
19,719
19,520
19,576
19,595
19,968

19,296
19,000
18,730
18,394
18,223
18,600
18,609
18,580
18,425
18,476
18,540
18,899

512
421
457
494
466
442
498
541
445
449
410
470

297
294
265
267
286
281
302
274
325
299
276
262

224
299
350
410
401
350
358
324
325
352
369
337

27,069
26,651
26,561
26,488
26,486
26,610
26,838
26,880
26,960
26,999
27,272
27,881

10,245
10,478
10,365
10,064
9,745
9,332
9,052
8,873
8,732
8,522
8,342
8,013

22,095
22,144
21,956
21,577
21,211
20,903
20,703
20,523
20,352
20,166
20,059
19,975

46.6
47.5
47.4
46.9
46.2
45.2
44.4
44.0
43.
43.
42.
41.-)

For note see p. 30.




29

7. DEPOSITS, FEDERAL RESERVE NOTE LIABILITIES, RESERVES, AND RESERVE RATIO OF ALL FEDERAL
RESERVE BANKS COMBINED, MONTHLY AVERAGES OF DAILY FIGURES, 1941-64—Continued
[In millions of dollars unless otherwise noted]
Deposits
Month and year

Total

Member
bank
reserves

U.S.
Treasury

Reserves

Foreign

F.R. note
liability
Other

Excess

Total

Reserve
ratio
(per cent)

1959—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

19,967
19,675
19,595
19,799
19,755
19,582
19,774
19,756
19,818
19,812
19,802
19,861

18,893
18,577
18,429
18,664
18,580
18,451
18,671
18,613
18,593
18,610
18,621
18,628

415
417
477
505
532
495
490
546
543
512
485
524

306
303
312
283
274
277
269
260
301
302
317
361

353
378
377
347
369
359
344
337
381
388
379
348

27,459
27,106
27,027
26,984
27,065
27,323
27,567
27,577
27,648
27,596
27,766
28,273

8,078
8,196
8,208
8,121
7,927
7,797
7,547
7,466
7,353
7,352
7,398
7,157

19,935
19,891
19,864
19,817
19,632
19,523
19,382
19,299
19,220
19,204
19,290
19,191

42,0
42.5
42.6
42.4
41.9
41.6
40.9
40.8
40.5
40.5
40.6
39.9

I960—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

19,740
19,082
18,755
18,935
19,021
19,113
19,290
19,183
18,822
18,974
18,930
17,961

18,568
17,947
17,770
17,843
17,962
18,001
18,208
18,111
17,697
17,843
17,737
16,688

534
515
481
554
534
496
492
490
516
488
462
522

270
214
197
185
194
221
213
202
216
226
243
250

368
406
307
353
331
395
377
380
393
417
488
501

27,899
27,520
27,406
27,359
27,286
27,404
27,664
27,662
27,727
27,729
27,924
28,450

7,251
7,486
7,579
7,520
7,485
7,417
7,205
7,043
6,940
6,600
6,047
6,056

19,161
19,137
19,119
19,094
19,062
19,046
18,944
18,754
18,577
18,276
17,761
17,659

40.2
41.1
41.4
41.2
41.2
40.9
40.3
40.0
39.9
39.1
37.9
38.0

1961_Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

17,865
17,668
17,510
17,447
17,390
17,521
17,536
17,725
17,883
18,120
18,181
18,248

16,715
16,532
16,419
16,474
16,420
16,547
16,547
16,701
16,811
17,082
17,183
17,259

482
521
459
422
463
515
474
489
473
469
483
514

239
189
240
207
205
205
235
241
285
254
258
229

429
426
392
344
302
254
280
294
314
315
257
246

28,063
27,673
27,550
27,497
27,489
27,651
27,979
27,997
28,142
28,242
28,554
29,210

5,788
5,772
5,814
5,857
5,870
5,876
5.860
5,878
5,670
5,461
5,230
4,791

17,270
17,107
17,079
17,093
17,090
17,169
17,239
17,309
17,176
17,052
16,914
16,656

37.6
37.7
37.9
38.0
38.1
38,0
37.9
37.9
37.3
36.8
36.2
35.1

1962—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

18,135
17,861
17,874
18,180
18,255
18,303
18,347
18,205
18,237
18,472
17,706
18,033

17,195
16,916
16,939
17,083
17,122
17,196
17,272
17,144
17,227
17,382
16,706
16,932

417
426
448
485
551
514
490
524
500
517
472
587

234
211
215
220
221
269
273
200
211
216
202
222

289
308
272
392
361
324
312
337
299
357
326
292

28,915
28,530
28,500
28,602
28,640
28,882
29,260
29,303
29,434
29,501
29,871
30,534

4,817
4,928
4,843
4,599
4,460
4,367
4,134
3,981
3,889
3,777
3,804
3,558

16,580
16,526
16,437
16,295
16,184
16,163
16,036
15,858
15,807
15,770
15,698
15,700

35.2
35.6
35.4
34.8
34.5
34.3
33.7
33.4
33.2
32.9
33.0
32.3

1963—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept

18,212
18,134
17,958
18,015
18,013
18,007
18,291
17,933
18,104
18,193
18,364
18,549

16,909
16,724
16,707
16,671
16,761
16,800
16,991
16,723
16,890
16,920
17,017
17,303

777
832
878
917
890
794
923
846
866
918
938
879

226
208
188
183
171
193
176
164
149
161
150
160

300
370
185
244
191
220
201
200
199
194
259
207

30,179
29,870
29,931
30,073
30,176
30,514
30,983
31,095
31,302
31,422
31,842
32,725

3,567
3,661
3,620
3,589
3,500
3,374
3,062
3,057
2,945
2,898
2,762
2,463

15,665
15,646
15,592
15,600
15,545
15,503
15,381
15,314
15,296
15,302
15,298
15,281

32.4
32.6
32.6
32.4
32.3
32.0
31.2
31.2
31.0
30.8
30.5
29.8

18,579
18,306
18,483
18,351
18,377
18,581
18,545
18,593
18,816
18,920
18,805
19,283

17,247
17,018
17,146
17,084
17,092
17,356
17,408
17,340
17,589
17,716
17,812
17,964

965
926
948
924
957
886
804
909
893
863
613
944

155
141
153
141
148
135
131
145
143
133
148
181

212
221
236
202
180
204
202
199
191
208
232
194

32,374
31,983
32,029
32,190
32,343
32,677
33,109
33,296
33,579
33,777
34,310
35,200

2,493
2,619
2,553
2,552
2,503
2,368
2,268
2,209
2,087
2,007
1,874
1.458

15,231
15,191
15,181
15,187
15,183
15,183
15,182
15,181
15,186
15,181
15,153
15,079

29.9
30.2
30.1
30.0
29.9
29.6
29.4
29.3
29.0
28.8
28.5
27.7

Oct

Nov
Dec
1964—Jan
Feb
Mar
Apr
May

June
July
Aug
Sept
Oct
Nov
Dec
1

Ratio of total reserves to deposit and F.R. note liabilities combined.




30

8. FEDERAL RESERVE NOTES: AMOUNTS OUTSTANDING AND COLLATERAL
A. ALL BANKS COMBINED, END OF YEAR, 1941-64
[In thousands of dollars]
Collateral held by F.R. Agent

Federal Reserve notes
Year

Total
outstanding

Held b y Issuing
Banki

Other F.R.
Banks

U.S.
Treasury

In circulation

Total

Gold
certificate
account

Eligible
paper

U.S. Govt.
securities

1941
1942
1943
1944

8,611,926
12,672,151
17,512,088
22,507,705

419,757
479,165
605,729
776,687

36,287
57,053
90,598
112,514

18,354
54,999
78,367
136,856

8,137,528
12,080,934
16,737,394
21,481,648

8,726,567
12,824,830
17,759,680
22,912,527

8,724,000
12,467,000
13,266,000
11,298,000

2,567
2,830
4,990
79,625

355,000
4,488,690
11,534,902

1945

25,633,380
25,741,606
25,705,984
25,127,171
24,358,525

984,248
796,302
885,550
966,068
875,879

153,226
163,385
162,242
186,738
162,306

107,443
110,096
76,531
56,646
58,826

24,388,463
24,671,823
24,581,661
23,917,719
23,261,514

26,127,656
26,292,377
26,301,410
25,809,080
25,166,701

10,523,000
11,053,000
12,719,000
13,579,000
14,359,000

201,455
12,812
32,410
30,080
7,701

15,403,201
15,226,565
13,550,000
12,200,000
10,800,000

24,548,029
26,130,543
27,420,694
27,771,106
27,346,789

961,011
,066,434
,170,395
,212,734
,093,656

170,088
201,141
239,458
214,128
239,001

53,841
55,829
70,174
90,774
69,150

23,363,089
24,807,139
25,940,667
26,253,470
25,944,982

25,342,065
26,551,936
27,959,554
28,523,130
28,355,150

13,604,000
12,484,000
12,399,000
11,093,000
11,208,000

73,065
17,936
120,554
10,130
7,150

11,665,000
14,050,000
15,440,000
17,420,000
17,140,000

1959

27,989,142
28,532,527
28,643,286
29,057,573
29,447,692

,068,201
,056,870
,108,495
,185,550
,185,725

344,535
350,598
443,288
476,993
524,450

70,028
87,305
60,412
77,356
90,749

26,506,378
27,037,754
27,031,091
27,317,674
27,646,768

28,950,387
29,230,722
29,450,299
29,713,393
30,279,778

11,713,000
11,618,000
12,273,000
11,073,000
10,650,000

52,387
7,722
12,299
25,393
99,778

17,185,000
17,605,000
17,165,000
18,615,000
19,530,000

1960
1961
1962
1963
1964

29,730,339
30,593,408
32,119,050
34,318,269
37,231,387

,281,258
,288,203
,474,998
440,078
889,172

525,056
503,117
488,703
497,155
684,234

87,379
107,606
71,118
67,834
85,142

27,836,646
28,694,482
30,084,231
32,313,202
34,572,839

30,469,164
31,310,009
32,837,889
3J, 147,485
38,129,410

9,385,000
8,375,000
7,643,000
6,890,000
6,687,000

19,164
10,009
15,889
15,485
12,410

21,065,000
22,925,000
25,179,000
28,242,000
31,430,000

1946
1947
1948
1949
1950
1951
1952

1953
1954
1955
1956
1957

1958

For note see following page.




31

8. FEDERAL RESERVE NOTES: AMOUNTS OUTSTANDING AND COLLATERAL—Continued
B.

EACH BANK, END OF YEAR, 1945, 1950, 1955, AND 1964
[In thousands of dollars]
Collateral held by F.R. Agent

Federal Reserve notes
Bank and year

Total
outstanding

Less: held by
issuing Bank
and forwarded
for redemption

Net 2

Total

Gold
certificate
account

Eligible
paper

U.S. Govt.
securities

Boston
1945
1950
1955
1964

1,539,012
1,497,261
1,673,687
2,170,792

60,040
73,473
59,741
87,278

1,478,972
1,423,788
1,613,946
2,083,514

1,561,060
1,540,125
1,841,300
2,185,000

460,000
440,000
640,000
420,000

1,060
125
1,300

1,100,000
1,100,000
1,200,000
1,765,000

New York
1945
1950
1955
1964

5,555,137
5,512,262
6,347,837
8,733,235

147,213
169,321
227,425
479,373

5,407,924
5,342,941
6,120,412
8,253,862

5,717,330
5,731,910
6,470,000
8,930,000

3,120,000
4,570,000
2,870,000
1,730,000

197,330
61,910

2,400,000
1,100,000
3,600,000
7,200,000

Philadelphia
1945
1950
1955
1964

1,699,231
1,726,012
1,920,748
2,138,335

63,988
60,163
80,859
61,234

1,635,243
1,665,849
1,839,889
2,077,101

1,700,250
1,753,640
1,951,855
2,250,455

500,000
750,000
725,000
450,000

250
3,640
26,855
455

1,200,000
1,000,000
1,200,000
1,800,000

Cleveland
1945
1950
1955
1964

2,183,181
2,205,895
2,613,518
3,221,174

86,839
93,528
120,809
216,360

2,096,342
2,112,367
2,492,709
3,004,814

2,185,000
2,215,000
2,670,000
3,275,000

635,000
865,000
1,070,000
500,000

Richmond
1945
1950
1955
1964

1,799,845
1,695,077
2,107,742
3,124,836

61,501
78,612
82,825
114,724

1,738,344
1,616,465
2,024,917
3,010,112

1,845,775
1,715,575
2,149,125
3,161,755

670,000
700,000
845,000
615,000

Atlanta
1945
1950
1955
1964

1,566,911
1,364,198
1,461,819
2,202,755

82,950
88,107
63,376
117,848

1,483,961
1,276,091
1,398,443
2,084,907

1,580,000
1,375,000
1,500,000
2,240,000

680,000
625,000
500,000
340,000

900,000
750,000
1,000,000
1,900,000

Chicago
1945
1950
1955
1964

4,570,154
4,664,227
5,314,915
6,726,522

125,621
104,267
124,585
340,105

4,444,533
4,559,960
5,190,330
6,386,417

4,590,000
4,700,000
5,400,000
6,800,000

1,890,000
2,700,000
2,400,000
1,100,000

2,700,000
2,000,000
3,000,000
5,700,000

1,119,753
1,141,989
1,299,693
1,486,549

56,387
44,548
51,464
76,646

1,063,366
1,097,441
1,248,229
1,409,903

1,179,991
1,250,500
1,361,800
1,540,200

300,000
350,000
450,000
280,000

1,790
500
1,800
200

Minneapolis
1945
1950
1955
1964

569,076
623,563
583,154
651,981

17,217
12,920
51,445
20,975

551,859
610,643
531,709
631,006

570,000
660,000
651,355
657,000

170,000
210,000
150,000
112,000

1,355

400,000
450,000
500,000
545,000

Kansas City
1945
1950
1955
1964

948,173
957,158
1,088,386
1,405,769

37,423
37,314
36,957
56,795

910,750
919,844
1,051,429
1,348,974

980,250
986,315
1,146,952
1,425,000

280,000
280,000
280,000
225,000

250
6,315
16,952

700,000
700,000
850,000
1,200,000

Dallas
1945
1950
1955
1964

663,464
686,687
761,419
1,167,912

44,825
47,365
41,398
79,286

618,639
639,322
720,021
1,088,626

669,000
714,000
808,000
1,230,000

169,000
214,000
283,000
180,000

500,000
500,000
525,000
1,050,000

San Francisco
1945
1950
1955
1964

3,419,443
2,473,700
2,816,224
4,201,527

200,244
151,393
127,317
238,548

3,219,199
2,322,307
2,688,907
3,962,979

3,549,000
2,700,000
3,000,000
4,435,000

1,649,000
1,900,000
1,500,000
735,000

1,900,000
800,000
1,500,000
3,700,000

St. Louis
1945
1950

1955
1964

1

775
575
4,125
11,755

1,175,000
1,015,000
1,300,000
2,535,000

878,201
900,000

910,000
1,260,000

2 Includes F.R. notes held by U.S. Treasury and by F.R. Banks other
than the issuing Bank.

Includes F.R. notes forwarded for redemption.




1,550,000
1,350,000
1,600,000
2,775,000

32

9. EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS
A.

SUMMARY: CUMULATIVE 1914-64; AND ANNUALLY 1942-64
[In thousands of dollars]
Disposition of net earnings

Year

Discounts
and
advances

Total 1 9 1 4 - 4 1 . . . .

Franchise
tax 2

Under
Sec. 13b

Interest
on F.R.
notes

Transferred to
surplus
(Sec. 13b)

Transferred to
surplus
(Sec. 7)

45,638

1,400,728

657,255

194,961

1,069

-766

312,853

101
49
22
13

619
601
533
566

52,663
69,306
104,392
142,210

12,471
49,528
58,438
92,662

8,669
8,911
9,500
10,183

198
245
327
248

50
135
201
262

3,554
40,237
48,410
81,969

147,125
155,564
298,903
312,241
272,916

38
60
42
41
116

15
19
15
10
11

667
814
830
773
762

150,385
158,656
304,161
316,537
275,839

92,524
95,235
197,133
226,937
231,561

10,962
11,523
11,920
12,329
13,083

67
35

28
87

81,467
8,366
18,523
21,462
21,849

215

389,125
441,630
497,455
434,837
398,979

209
186
121
43
24

21
30
14
14
18

161
131
171
113
168

394,656
456,060
513,037
438,486
412,488

297,059
352,950
398,463
328,619
302,163

13,865
14,682
15,558
16,442
17,712

254,873
291,935
342,568
276,289
251,741

28,321
46,333
40,337
35,888
32,710

547
848
806
1,075
1,385

571,788
735,372
734,212
857,028
1,084,767

36
30
18

15
10
4

238
296
284
395
600

595,649
763,348
742,068
886,226
1,103,385

474,443
624,393
604,471
839,771
963,378

18,905
20,081
21,197
22,722
23,948

401,555
542,708
524,059
910,650
896,817

53,983
61,604
59,215
-93,601
42,613

2,502
4,132
8,866
10,492

1,159
1,256
1,729
2,787

937,615
1,039,308
1,138,167
1,323,740

3,502
2,040
6,336

372
310
318
392

941,648
1,048,508
1,151,120
1,343,747

783,855
872,316
964,462
1,147,078

25,570
27,412
28,912
30,782

687,393
799,366
879,685
1,582 119

70,892
45,538
55,865
-465,823

861,353

161,259

12,664,634

11,878

55,752

13,765,303

10,667,165

589,829

5,139
14,083
15,276
3,479
13,084

1956
1957
1958
1959.
I960

23,025
26,792
6,744
27,728
16,633

43
4

8,836

1,591

Current earnings less current expenses, plus or minus adjustment for profit and loss items.
The Banking Act of 1933 eliminated the provision in the Federal Reserve Act requiring payment of a franchise tax.




Payments to U.S. Treasury
Dividends
paid

1,210

1951.
1952
1953
1954
1955

2

Total
current
earnings

All
other

474
414
303
101

2,497
2,195
4,371
3,472
2,034

1

Foreign
currencies

6,580

1946
1947
1948
1949
1950

Total 1914-64....

Industrial
loans

51,404
68,090
102,810
139,553

65
152
724
1,977

1961
1962
1963
1964.

149,404

U.S.
Government
securities

Net
earnings
before
payments
to U.S.
Treasury *

532,005

665,891

1942.
1943
1944
1945

. .

Acceptances

Commitments to
make
industrial
loans

149,138

149,138

2,189

75,224
166,690
193,146
196,629

9,273,447

-3

3 652,565

3 The $652,565,102 transferred to surplus was reduced by direct charges of $500,000 for chargeoff on Bank premises (1927), $139,299,557 for contributions to capital of the Federal Deposit
Insurance Corporation (1934) and $3,657 net upon elimination of Sec. 13b surplus (1958) and
was increased by $11,131,013 transferred from reserves for contingencies (1945), leaving a balance
of $523,892,900 on Dec. 31, 1964.

9.

EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS—Continued
B. DETAIL FOR EACH BANK DURING 1964

Item

Total

Boston

New
York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

Minneapolis

St. Louis

Kansas
City

Dallas

San
Francisco

Current Earnings (dollars)
10,492,106
Discounts and advances
Acceptances
2,787,002
U.S. Govt. securities.. . 1,323,740,280
6,335,565
Foreign currencies
All other
392,351
Total

1,343,747,303

2,224,336
2,787,002
328,581,792
1,694,108
69,830

320,766

542,502

2,774,280

213,693

246,575

651,853

68,290,447
299,441
16,628

71,094,952 109,727,178
357,112
566,039
20,129
28,419

90,899,834
317,401
21,022

72,724,513 223,502,248
901,823
349,191
48,541
53,278

51,628,616
216,596
14,204

26,265,227
143,482
18,040

52,835,082
274,174
38,985

51,185,796 177,004,595
363,107
853,092
24,917
38,356

68,967,322

335,357,068

71,694,902 110,642,402

91,780,759

74,146,196 227,226,892

52,073,109

26,673,324

53,800,094

52,539,217 178,846,018

360,806

222,709

1,019,213

965,397

949,975

Current Expenses (dollars)
Salaries:
Officers
Employees
Retirement and other
benefits
Fees—Directors and
others
Traveling expenses
Postage and expressage.
Telephone and telegraph. . . . . . .
Printing and supplies...
Insurance
Taxes on real estate. . . .
Depreciation (building)
Light, heat, power, and
water
Repairs and alterations
Rent
Furniture and equipment:
Purchases
Rentals
All other
Inter-Bank expenses . .

7,741,458
100,462,115

443,244
6,241,097

1,377,964
24,402,326

561,609
4,838,993

609,734
8,193,102

631,044
6,837,859

671,255
6,268,300

759,860
14,624,242

599,690
5,541,584

421,101
3,149,897

520,861
5,652,764

495,045
4,314,333

650,051
10,397,618

17,241,058

1,117,949

3,872,719

845,399

1,439,106

1,160,105

1,097,656

2,537,710

957,026

536,883

1,026,394

735,399

1,914,712

537,416
2,192,701
21,946,430

21,648
132,861
1,521,050

55,672
376,526
2,825,449

27,094
105,696
1,062,669

71,141
164,260
1,826,191

32,811
158,504
2,079,353

91,869
181,119
2,049,656

36,226
275,527
2,956,445

31,714
134,851
1,239,252

38,533
122,755
855,968

41,496
141,440
1,490,462

37,621
127,341
1,230,572

51,591
271,821
2,809,363

1,838,794
8,354,^52
349,642
5,197,323
5,717,251

96,030
584,835
28,836
595,859
182,557

407,852
1,690,936
45,595
908,116
420,704

83,753
523,262
14,449
160,811
270,528

129,182
585,643
35,461
475,756
641,253

127,528
669,390
32,004
201,289
223,893

204,899
616,253
34,598
317,073
667,625

205,624
1,250,940
30,706
943,730
1,261,548

95,555
491,994
28,384
190,076
301,519

63,932
270,193
15,780
366,515
344,037

108,455
533,158
20,264
257,540
290,623

127,103
367,546
24,518
263,918
689,718

188,881
770,402
39,047
516,640
423,246

1,950,024
1,400,945
135,555

128 511
51,858
16 432

268 092
396,457
6 684

89 779
105,431!
5 909

1 74 000
180,967
76 08"?

164,781
118,624
11,438

165,905
71,052
8,067

300,734
158,358
50,757

145,957
53,388
1,577

90,812
57,504
1,301

150,413
74,401
3,792

127,819
50,938
1,019

143,221
81,967
2,496

2,907,041
10,217,625
3,291,616

180,636
823,793
133,104
55,373

779,368
1,386,398
910,040
-791,929

176,448
454,277
121,773
64,026

298,913
871,320
448,974
104,645

148,795
812,644
110,398
-6,898

424,331
629,108
160,671
69,068

351,942
1,890,204
574,887
162,593

90,897
480,461
126,740
41,292

84,746
379,567
135,532
27,195

91,988
783,305
179,220
53,044

83,693
552,222
273,983
67,176

195,284
1,154,326
116,294
154,419

Subtotal
F.R. currency
Assessment for expenses of Board of
Governors

191,481,550
17,229,671

12,355,673
893,393

39,338,969
3,036,988

9,511,906
890,940

16,275,731
1,146,556

13,513,562
1,469,253

13,728,505
1,628,086

28,372,033
3,117,641

10,551,957
887,233

6,962,251
321,642

11,419,620
618,990

9,569,964
802,430

19,881,379
2,416,519

8,655,200

411,900

2,300,200

482,600

783,900

429,500

488,500

1,224,500

298,700

201,300

379,200

498,300

1,156,600

Total

217,366,421

13,660,966

44,676,157

10,885,446

18,206,187

15,412,315

15,845,091

32,714,174

11,737,890

7,485,193

12,417,810

10,870,694

23,454,498

1

Less reimbursement for
certain fiscal agency
and other expenses . .

19,970,533

1,101,360

3,720,533

934,376

1,756,606

1,114,146

1,413,854

3,691,605

1,249,704

609,703

1,493,658

828,499

2,056,489

Net expenses.

197,395,889

12,559,606

40,955,624

9,951,070

16,449,581

14,298,169

14,431,237

29,022,569

10,488,186

6,875,490

10,924,152

10,042,195

21,398,009




Profit and Loss (dollars)
56,407,716

294,401,444

61,743,832

94,192,820

77,482,590

615,705
361,036

32,238
34,509

150,704
76,053

33,281
31,562

51,271
40,114

42,610
11,306

Total
additions...

976,743

66,747

226,757

64,844

91,385

Deductions from current net earnings... .

250,796

5,281

6,308

551

Net addition to or deduction from ( —)
current net earnings.

725,947

61,466

220,449

1,147,077,362

56,469,182

30,781,548

1,452,361

1,582,118,614

77,398,421

412,485,188

Current net earnings... 1,146,351,415
Additions to current
net earnings:
Profits on sales of
U.S. Govt. securities (net)... .
All other

Net earnings before
payments to U.S.
Treasury
Dividends paid
Payments to U.S.
Treasury (interest on
F.R. notes)

59,714,959 198,204,324

41,584,924

19,797,833

42,875,942

33,498
9,053

103,881
61,005

23,977
8,346

12,280
20,433

24,913
18,822

24,030
16,458

83,022
33,375

53,916

42,551

164,887

32,323

32,713

43,735

40,488

116,397

3,991

2,319

55,621

2,706

5,119

2,425

147,821

10,588

8,066

64,293

87,394

51,598

-13,070

162,180

27,204

30,288

-104,086

29,900

108,331

294,621,893

61,808,124

94,280,214

77,534,188

59,701,888 198,366,504

8,137,656

1,716,176

2,762,835

1,528,499

86,224,099 134,215,180

99,005,588

41,612,128

19,828,121

42,771,856

4,373,219

1,054,136

711,321

1,362,588

82,807,715 259,234,935

56,862,492

29,991,401

61,360,918

1,774,674

42,497,022 157,448,009

42,526,923 157,556,340
1,797,729

4,110,356

66,913,343 215,619,334

Transferred to surplus. -465,822,800 -22,381,600 -126,000,950 -26,132,150 -42,697,800 -22,999,900 -24,880,500 -65,241,650 -16,304,500 -10,874,600 -19,951,650 -26,184,150 -62,173,350
Surplus, January 1 . . . . 989,715,700 47,233,000 263,214,800 55,246,300 89,788,700 49,139,300 55,626,400 139,844,500 34,247,500 23,034,100 43,252,200 56,769,800 132,319,100
Surplus, December 31.

523,892,900

24,851,400

137,213,850

29,114,150

47,090,900

26,139,400

30,745,900

74,602,850

17,943,000

12,159,500

23,300,550

30,585,650

70,145,750

38
1,180

27
753

36
1,029

31
993

42
2,354

Officers and Employees (number)
Officers
Employees




452
20,380

25
1,434

70
4,054

30
1,017

36
1,564

36
1,446

40
1,361

41
3,015

10.

VOLUME OF OPERATIONS IN PRINCIPAL DEPARTMENTS OF ALL FEDERAL
RESERVE BANKS COMBINED, 1941-64
Collection items
handled

Checks handled
Year

Discounts
and
advances 1

Currency
received
and
counted

Coin
received
and
counted

U.S. Govt.
checks

Postal
money
orders

All other 2

U.S.
Govt.
coupons
paid

Issues redemptions,
and exchanges of
All other U.S. Govt.
securities

Transfers
of funds

N u m b e r of pieces handled (thousands) 3
1941
1942
1943
1944

2,529,703
2,678,801
2,874,099
3,006,898

3,216,761
3,761,445
3,810,300
4,167,265

123,128
130,895
266,686
426,460

,142,465
,204,648
,246,384
,288,465

15,047
14,990
16,527
17,054

6,392
5,833
5,072
4,622

13,890
117,898
270,608
357,782

840
842
865
906

1945
1946
1947
1948
1949

3,016,719
3,423,547
3,491,962
3,754,584
3,809,865

4,562,709
5,743,862
6,046,748
6,531,128
7,294,363

510,608
380,634
331,914
331,866
357,044

,341,342
,597,377
,668,651
,780,185
1,847,807

18,292
20,192
19,003
17,417
16,334

4,483
4,551
7,135
11,373
11,451

382,067
245,904
177,351
164,556
151,103

939
,059
,148
,220
,232

1950
1951
1952
1953
1954

3,846,397
4,066,619
4,183,063
4,405,255
4,384,270

7,190,498
5,889,223
5,716,379
7,856,216
8,382,024

365,812
412,865
446,084
458,607
481,408

371,318
366,807
354,368

1,955,232
2,122,147
2,292,017
2,414,150
2,512,985

15,323
14,510
13,599
13,703
12,753

12,793
13,428
14,172
14,360
15,443

153,886
154,335
163,568
177,596
191,112

,343
,525
,595
,718
,808

1955
1956
1957
1958
1959

4,282,562
4,466,739
4,63.1,676
4,547,668
4,631,081

8,430,796
8,610,821
9,089,460
9,574,474
9,929,912

503,516
539,359
469,158
388,541
393,860

347,351
342,313
324,161
295,350
279,939

2,643,549
2,822,589
2,974,940
3.085,185
3,257,839

12,301
11,997
12,546
13,564
13,915

16,368
17,813
19,308
20,429
20,853

191,922
198,519
207,246
193,665
196,063

1,960
2,123
2,302
2,426
2,695

1960
1961
1962
1963
1964

4,746,665 9,767,544
4,618,346 10,276,927
4,734,419 10,213,309
4,831,516 8,704,412
5,026,311 4,561,704

407,333
430,829
443,271
454,576
467,288

270,307
259,209
247,400
243,999
234,094

3,419,093
3,630,936
3,873,341
4,069,111
4,318,708

16,357
16,431
15,879
15,430
15,042

21,513
23,144
25,327
26,839
27,271

197,825
192,366
198,123
204,213
212,267

2,918
3,038
3,318
3,603
4,010

118,423,057
140,444,452
203,510,209
215,006,532

Amounts handled (thousands of dollars)
1941.
1942.
1943.
1944.

125,178
193,278
2,840,341
14,922,128

11,283,817
13,010,185
15,599,680
17,157,034

327,555 27,732.559
355,581 67,834,790
381,254 113,791,554
417,014 127,931,710

334,336,667 926,960 6,003,082 36,540,166
409,273,478 1,082,321 6,167,564 93,598,885
509,640,311 1,481,520 7,882,053 211,749,395
532,755,045 1,840,647 7,962,994 264,138,176

1945.
1946.
1947.
1948.
1949.

34,778,804
20,133,819
17,234,926
1,9,138,175
20,216,071

18,307,687
20,945,847
22,099,562
24,307,644
23,841,612

445,892 124,610,917
519,892 80,419,096
612,089 72,577,329
578,857 69,605,341
623,678 64,379,607

563,498,349
651,457,054
719,630,054
799,771,839
758,342,771

2,348,172
2,817,311
2,491,424
2,379,155
2,303,038

9,295,666
9,312,790
6,455,968
4,965,273
4,175,169

302,353,553
278,422,685
254,060,950
321,953,221
289,312,802

1950.
1951.
1952.
1953.
1954.

17,050,334
43,422,106
105,549,326
93,438,640
22,871,449

24,039,335
26,175,324
27,001,076
29,514,663
28,482,428

622,620 64,569,739
592,664 89,648,061
558,416 119,423,270 5,996,899
775,029 140,739,438 6,091,173
810,278 141,037,495 5,943,178

856,952,849
799,891,846
808,521,799
850,673,084
845,365,275

2,173,589
2,020,560
1,923,079
2,270,606
2,209,045

4,758,483
5,121,274
5,103,262
4,615,970
5,085,695

346,224,112 509,167,912
656,771,175
344,771,945
355,234,532 767,974,539
381,877,330 876,838,475
469,247,400 1,038,100,606

1955
1956
1957
1958
1959

88,436,422
109,665,475
114,469,820
41,306,072
105,058,505

27,461,048
29,104,496
29,926,319
29,596,570
30,730,461

927,648,399
,003,202,371
,044,553,457
,044,984,066
,130,235,860

2,595,305
2,563,075
3,032,805
3,695,458
3,866,402

5,354,604
5,495,317
5,758,976
5,663,684
5,838,199

429,701,960
421,612,394
493,391,267
526,037,271
545,489,154

862,022
887,418
922,742
956,235
1,022,660

123,215,681
114,173,132
102,062,972
99,942,372
106,724,118

5,814,754
5,941,097
5,796,279
5,297,341
5,078,641

223,490,280
252,991,164
316,459,625
393,459,807
415,887,444

1,091,608,891
1,233,509,550
1,345,185,037
1,643,532,069
1,882,069,626

1960.
1961.
1962.

58,057,685 31,553,482
14,657,545 30,670,620
19,685,050 31,621,061

1,095,870 105,212,842 5,029,890
1,133,470 115,009,063 4,860,182
1,140,009 125,431,359 4,701,516

,154,120,907 4,798,446 5,793,218 527,444,784 2,428,083,100
,198,461,186 4,717,259 6,553,424 560,263,435 2,706,716,007
,283,430,670 4,755,819 6,940,394 639,755,488 3,168,359,313

1963.
1964.

44,894,170 32,350,089
46,551,402 34,548,507

1,007,532 131,795,729 4,707,908
559,588 134,585,725 4,578,853

,363,949,957 5,213,610 7,143,665 683,736,756 3,442,100,310
,475,038,258 5,371,153 7,851,274 738,062,697 3,953,186,948

1
2

Exclusive of industrial loans.
Beginning in 1951, excludes checks drawn on F.R. Banks.




* Packaged items handled as a single item are counted as one piece

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