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BOARD OF GOVERNORS OF THE FEDEJAL RESERVE SYSTEM (Released for Publication Friday morning, April 25; not earlier) April 2k$ 1947 CONDITION OF THE FEDERAL RESERVE BAMS During t h e week ended A p r i l 23 member bank r e s e r v e b a l a n c e s decreased $167,000,000. Reductions i n member bank r e s e r v e s arose from a d e c r e a s e of $2l4ii*0Q0f00P i n Reserve Bank c r e d i t and i n c r e a s e s of $li|lj.,000,000 i n nonmember d e p o s i t s and o t h e r F e d e r a l Reserve ^accounts and $6,000,000 i n Treasury cash, offs e t in p a r t by d e c r e a s e s of $131,000,000 i n Treasury d e p o s i t s w i t h Federal Reserve Banks and $58,000,000 i n money i n c i r c u l a t i o n and an i n c r e a s e of $38,000,000 i n gold s t o c k . Excess r e s e r v e s of member banks on A p r i l 23 were e s t i m a t e d t o be approximately $672,000,000• Holdings of l o a n s , d i s c o u n t s and advances i n c r e a s e d $i.|0,000,000 while h o l d i n g s of United S t a t e s Government s e c u r i t i e s decreased $76,000,000. The decrease i n h o l d i n g s of United S t a t e s Government s e c u r i t i e s r e f l e c t s a d e c r e a s e of $9l+,000,000 i n c e r t i f i c a t e s and an i n c r e a s e of $18,000,000 i n b i l l s , Changes £n member bank r e s e r v e b a l a n c e s a n d r e l a t e d items d u r i n g the week and t h e year ended A p r i l 2 3 , 19kl7> w o ^ ' &s f o l l o w s : I n c r e a s e o r decrease since April 23, I9k7 April 16, A p r i l 2k$ I9k7 1946 ( I n m i l l i o n s of d o l l a r s ) U. S. Government s e c u r i t i e s Loans, d i s c o u n t s and advances Other Reserve Bank o r e d i t 21,829 Total Reserve Bank c r e d i t Gold s t o c k Treasury c u r r e n c y . 22,230 20,621 U,558 + 38 — Member bank r e s e r v e . b a l a n c e s Money i n c i r c u l a t i o n Treasury cash Treasury d e p o s i t s w i t h F . R. Banks Nonmember d e p o s i t s and o t h e r F . R . a c c o u n t s 15,820 28,105 1*338 1+82 1,661; -167 - 58 + 6 -131 +1W+ lte 258 - 76 + UO -209 -475 -183 - 15 -2hh -671 +374 + 22 +363 +228 -922 + 97 - 42 tf.l+.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since April 23, 19U7 April 16, I9U7 April 2h» I9I46 TOTAL ASSETS 35,000 2>6?1 37,671 11,507 1*0,733 61* +1,31U,122 28,766 +1,285,356 - -61,81*8 - 182,3^9 h05 8,729 15,058,111 5,665,718 351,800 753,390 + 17,761* - 9I+,000 +1,510,318 r. 660,478 -1,175#000 - ll|9,552 21,829,019 - 76,236 - 21,971,251* 102 100,1+37 2,3)45,910 32,131 1+2,593 1414,152,9111+ - 35,567 + 2,852 -592,550 20 + 707 -598,1+11+ 2l+,02l+,86l - 60,2+69 15,8l9>7l+3 1+81,668 558,7<3+ 1+61,795 17,321,970 2,087,559 -167,625 -131,820 +162 ,968 - 21,550 -158,027 + + -383.736 + 362,778 97,058 171,11+5 32,693 52l,36i+ 277,519 15,271 1+3,1+1+9,661 + 2,51+9 -599,683 + 2,300 + 698,085 191,181+ 1+39,823 27,1+55 21 + + + 1+1.!., 8 2 1 M+,152,9hk + 1,21+8 -598,1+11+ 9,551+ 81,1+68 27 7,923 781,191 + 1 Due from foreign banks i\ R* notes of other banks Uncollected items Bank premises Other assets + + + + 1 Total loans and securities 18,660,177, 723,330' 19,383/557 276,960 11*1,197 1,038 1 GOld certificates Redemption fund for ?• R. notes, Total gold certificate reserves Other cash Discounts and advances Industrial loans Acceptances purchased U. S. Govt* securitiesj. Bills Certificates Notes Bonds Total U, S. Government 1 1 A S S E ,T S + 474,712 666,195 8 36,635 271,939 992 10,1+26 781,191 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank - reserve account U«S.Treasurer-general account Foreign Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L A CCO U NTS Capital paid in .Surplus (Section 7) Surplus Section 13b), Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and *\ R. note liabilities combined Contingent liability on bills purchased Tor foreign correspondents Commitments to make industrial loans h6.9% + + 2.7% + ,h% 8,001 7,351 96,902 + Ik + 8,001 21+7 + 5,801 H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 2 3 , I947 ( I n thousands of d o l l a r s ) A S S E T S Total Boston New York 18,660,177 735,931 5,687,688 723,380 55,045 117,752 19,585,557 276,960 790,974 21,179 5,805,420 58,22o Discounts and advances 141,197 I n d u s t r i a l loans 1,030 U. S. Govt, s e c u r i t i e s ; Bills 15,058,111 15,098 15 3U,528 Gold c e r t i f i c a t e s . Phila. Cleve, Rich, 837,606 1167,321 918,298 Atlanta Chicago S t . L o u i s 902,2333984,425 Minn. Kans.Cy. 555,600 380,786 45,851 21,554 D a l l a s SanFran. 622,73,5 454,909 2 432,645 Redemption fund f o r F . .R. notes 60,157 75,672 58,505 897,765 1242,993 18,905 24,632 976,805 16,706 1+4,469 82,181 55,506 24,493 ioii,457 T o t a l gold c e r t i f i c a t e reserves other cash Certificates Notes Bonds 5,665,718 351,800 755,590 15,070 1,023 15,495 946,702 4066,606. 601,431 4o2,l4o 25,340 27,992 12,973 7,061 14,289 10,895 13,118 11,070 7,698 756,776 427,105 741,010 758,035 293,113 47,o68 16,200 100,798 56,976 162,087 io,o64 21,553 262,362 253,246 16,291 15,725 54,887 33,675 3,520,007 1126,427 1517,202 1000,524 828,006 1927,995 589,445 24,102 51,736 1,454,161 90,293 195,565 290,696 18,050 58,655 507,427 31,508 67,474 348,624 21,647 46,558 : 2,234 —- 968,606 403,556 25,044 55,653 656,241 459,402 2537,082 9,39^ 10,817 43,694 1,756 4,150 588,008 1647,765 545,188 35,728 72,230 Total U # S # Government securities 21,029,019 1434,019 5,257,826 1608,440 2123,611 1424,953 1175,407 2833,894 1107,065 620,809 1054,550 391,534 2296,911 Total loans and securities 21,971,254 1449,132 5,292,154 1622,533 2137,104 1439,242 1186,300 2836,128 1120,183 631,879 1062,248 893,290 2301,061 Due from f o r e i g n banks F . R . n o t e s of o t h e r banks Uncollected items 102 100,437 6 2,702 1/55 17,652 8 4,992 9 5,4ll 5 14,052 4 10,474 14 12,023 7,538 4 3,235 3 5,H9 4 4,149 3 9 15,092 210,554 2,345,910 195,204 431,497 141,494 2o6,3H 196,129 155,5^0 564,58.5 100,750 55,15U 122,659 H6,193 Bank premises 32,151 1,285 3,4o4 3,122 , 5,022 2,658 1,514 3,038 1,999 1, 2 32 2,505 787 1,769 other assets 42,595 2,815 lo,4o8 2,615 4,090 2,655 2,592 5,665 2,582 i,i60 1,755 1,966 4,260 TOTAL ASSETS 44,152,944 2465,295 11,675,760 2691,450 5624,450 2648,250 2526,506 7516,071 1847,460 1101,870 1359,918 1480,607 5 i n , 5 4 i l/ After deducting $69,000 participations of other Federal Reserve Banks. H.l+.l(c) Total Boston L I A B I L I T I E S F e d e r a l Reserve n o t e s 2l+,02i+,86l 11+1+5,997 Deposits: Member b a n k - r e s e r v e a c c t . 15,819,71+3 720,531+ U . S . T r e a s u r e r - g e n e r a l a c c t . 1+81,668 28,515 Foreign 558,761+ 35,068 Other 1+61,795 2,836 Total d e p o s i t s 17,321,970 786,751 Deferred availability items 2,087,559 184,422 Other liabilities including 15,271 1,043 accrued d i v i d e n d s TOTAL LIABILITIES 43,1+49,661 2418,213 Capital paid in 191,134' 11,166 Surplus ( S e c t i o n 7) 459,825 27,557 Surplus ( S e c t i o n 13b). 27,455 3,012 Other c a p i t a l accounts i+4,.821.: 3,345 : TOTAL LIABILITIES AND ' CAPITAL ACCOUNTS 1+4,152,91+4 2463,293 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 8,001 512 Commitments t o make i n d u s t r i a l 7,551 loans F. R. notes outstanding • 24,726,055 1482,509 C o l l a t e r a l f o r F . R. n o t o s held by F . R. A g e n t s : 12,063,000' "455,000 Gold c e r t i f i c a t e s E l i g i b l e paper 94,294 14,407 U. S . Govt, s e c u r i t i e s 13,644,70!+ 1100,000 Discounts and advances I n d u s t r i a l loans U. S. Govt, s e c u r i t i e s Total 141,197 1,038 21,829,019 STATEMENT OF CONDITION OF TKS FEDERAL RESERVE BANKS ON APRIL 23. 191+7 ( I n thousands of d o l l a r s ) New York Phila. Cleve. Rich. A t l a n t a Chicago S t . L o u i s •linn. Kans.C; 5,49-6,051+ 1637,1+51 2060',509 1671,185 1375,979 1+474,869 1077,678 588,916 905,671+ i+,889,390 84,179 1/186,751 ' 389,201 5,549,521 405,058 739,173 1196,063 29 > 68 5 50,525 44,294 50,856 2,087 6,920 865,2391304,362 130,942" 193,341 701,474 720,281 2302,549 64,888 37,1+42 29,649 22,421 74,371 26,795 3,892 2,254 4,818 769,603 774,60521+46,626 171,372 147,335 297,319 587,760 35,760 19,159 6,281 401,572 767,649 23,982 28,225 19,139 13,671 1,272 2,264 646,940" 445.752 '817,042 96,376 47,64o 110,750 D a l l a s SanFran. 575,093 2719,1+56 755,921 2007,577 25,600 42,422 18,046 48,213 839 39,131 778,4062157,143 111,898 191,106 4,8oi 1,130 670 597 2,157 526 1,058 1,370 827 519 573 1 1 , 4 5 5 , 4 3 4 2654,459 3559,582 2612,830 2296,516 7220,971 1821,520 1085,546 1353,985 1463,970 5043,335 8,065 7,291 22,778 6,500 4,194 6,549 7,078 17,845 67,247 l4,204 18,669 156,549 54,720 41,594 20,676 18,665 65,078 16,577 10,997 • 15,729 15,777 38,106 7,253 4,489 1,007 3,325 762 1,429 521 1,073 .1,137 1,307 2,140 7,305 3,558 3,778 3,336 3.074 5,815 2,542 2,260 2,718 2,475 4,615 ' ' ! ' 11,675,7.88"2691,1+50 3624,430 2648,230 2326,306 7316,071 1347,460 1101,870 1859,918 1438,607 5111,541 2/2,561 61+8 71+4 392 328 1,088 280 1,255 1,761 82 -.-... 15 5,640 5,683,2491683,665 2110,047 1725,110 1415,880 4547,501 1115,579 200 280 601,895 450 927,363 264 704 170 596,2052836,752 3,470,000 -500,000-- 645,000 700,000 590,000"2970,boo 300,000 184,000 280,000 169,0001800,000 19,872 12,195 — 13,76.0 — — 12,740 10,800 7,320 — 3,200 2,400,000 1200,000 1500,000 1130,000 350,000 1600,000 939,701+ 425,000 700,000 500,000 1300,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 6 months 61 t o Over 16 .to 2 to 5 Within 31 to 91.days to 1- t o 2 t o 1 year 5 years 90 days years 60 days 6 months years 50 days 15 days 23,054 109,1+49 4,783 """3,911 32 7 5 9 3 4 974 4 580,040 143,350 5,153,674 2,421,115 3,355,217 1,432,459 3,381,873 320,400 5,035,891 l / A f t e r d e d u c t i n g $371,355,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 2 / A f t e r deducting $5,1+40,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks.
@FedFRASER