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BOARD OF GOVERNORS OF THE FEDEBAL RESERVE SYSTEM
(Relee^-ed for P u b l i c a t i o n F r i d a y mdrning, A p r i l 30,19^8)
A p r i l 2 9 , I9I18
H.lul
CONDITION OF THE FEDERAL RESERVE BANKS
Duri&g t h e we^k Prided Apijil 28 member bank r e s e r v e b a l a n c e s i n c r e a s e d
$198,000,000. *j A d d i t i o n s t o ^ e m b e r : bank res r erve;3 .arose -from, decreases* of
$963,000,000 i n ^ T r e a s u r y ( d e p o s i t s w i t h F e d e r a l Reserve Banks.* $58,000,000 in nonmember d e p o s i t ^ and other Federal"'Resifrve a c c o u n t s , $36,000,000 i n money i n c i r c u l a t i o n £nd $10,000,000. i n T r e a s u r y casht and i n c r e a s e s of * $8,000,000 in gold
s t o c k and,$l4,0p6;000 i© T r e a s u r y .currency, o f f s e t ' in p a r t by a d e c r e a s e of
$1^,000,000 ipj Reserve Bank c r e d i t * Excess r e s e r v e s of" member banks on A p r i l 28
were estimated; t o ' b e approximateiyj $880,00(3,000.
Eold'irf.gS: of l o a n s , discounts- and advances i n c r e a s e d $23,000,000 and
United S t a t e s , Gdvej-nmerit s e c u r i t i e i s i n c r e a s e d $1*6,000,000. The i n c r e a s e - i n h o l d ings of tfnltecl S t a t e s Government s e c u r i t i e s r e f l e c t s i n c r e a s e s of, $161,000,000 i n
bonds, 422;000,,00O! i n n o t e s and $5*000,000 i n c e r t i f i c a t e s and a d e c r e a s e of
,$1^2,000,000 i n b i l l s .
' ' :
"
CJiang^s''"dn member .bank r e s e r v e b a l a n c e s and r e l a t e d items d u r i n g the week
and the year ended, A p r i l ,28,19I1.8, .Were as f o l l o w s ;
' '
I n c r e a s e or d e c r e a s e
Since
April 28,
19U8
April, 2 1 ,
I9I48
April 30,
'
191+7
( J n m i l l i o n s . ;of d o t l a r s )
LF. S. Government s e c u r i t i e s
Loans, discounts,"and advances
Other.Reserve Bank c r e d i t
20,UiO
261
251'
T o t a l Reserve Bank c r e d i t
Gold*stodk
treasury;currehc^
20,952
23,167
U.561.
Member bank Reserve b a l a n c e s
Money i n c i r c u l a t i o n
T r e a s u r y cash T r e a s u r y d e p o s i t s w i t h F, R« Ban^s
Nonmeiriber d e p o s i t s , and other'" F;Ri,acc<nints
17,QU5
27,682
1,326
1,1.35
lM
+
+
»
w.
+
+
+
!-
h6
25
83
-1 .U17
+ 135
+
29
1U
8
- 1 ,253
+2 ,393
h
—-
I98
36
10
98
58
+1 ,217
U32
3
+ 566
209
:§]$TfSffi$F OF CONDITION^. ,
OF OTB;^/EI^;FEDERAL JRESiarVE BAMS-:CQM.BlMSff
(.Jn*thousands of d o l l a r ? ) :
lUifi(a)
I n c r e a s e or. d e c r e a s e
since
April 28,
19U8
A p r i l 2J.,
19^6
A p r i l JO,
I9ll7
'.ASSETS
^——.„ i
s
Goll certificates
Redemption fund for #iRt note's
Total gold certificate reserves
Other cash
Discounts and advances
Industrial loans
U. S^ Govt, '"securities%
Bills
Certificates •
Notes
Bonds
T o t a l U« S, Government •
securities
» ' • » • • " •
• »
• " • '
+ 16,867
- 2,03ll
+ ••25,335
^•2,233
+2,U63,99U
90,939
+2,373,055
+ 1*7,611
+ 133,561
+
1,037
3,1140,201
a,259,5U3
1,953,700
.6,031;,!; 67
-iiii.,950
+ .'4,85b
+ 21,900
'-+160,812
-6,960,352
-1,391,675
+1,603,900
+5031,077
-
• • "
.
i
Due from f eloign- banks
F, R* notes of other banks
Uncollected items
Bank premises
Other assets
TOTAL ASSETS
20, tO0,782
'
914
110,799
2,312,181.4
32,689
• ,l5u,-3J2
k3,7Uhj5T
3033
I5,612
20,1439,911
T o t a l loans and s e c u r i t i e s
>•>
+ 20,0:0d
21,279,170
, -Q3"Q,395
2^,909,565
333,672
258,725
2,J1|6
-1,1; 17,050
-1,282,1; 52
* 68,769
8
'l
-'
% •+
10,21; 5
•+; .-2^8,680
-357,35U
s
•:+
60I4.
OB
.:'+ .110,7148
+ folffi _
-267,558.
+1,508,1;85
L I A B I-L I T I E S
Federal Reserve notes;
Deposits j
23,62l| i ; o55
IvLonber b a n k - r e serve account
II.f.»«Treasurer-general aCQ ©u#t*
Foreign
Other
Tota v l deposits''
Deferred a v a i l a b i l i t y items
Other l i a b i l i t i e s including' accrued
'dividends
TOTAL LIABILITIES .
0 A P I T - V l / 1 C Q„'0 # 14 I S
17,;Oli3,29l4
I,185,3li6
•386,766
!1{69,270
.19^0811,676
2', 2 61,090
PBoital paid in
r e e - l u s ( S e c t i o n 70
T o plus ( S e c t i o n l j b )
Other capital" accounts''
TOTAL LIABILITIES !AND:; CAPITAli' AC(fQUK$$ •
R a t i o of gold c e r t i f i c a t e r e s e r v e s
t c d e p o s i t and-F,R^ "no<te
l i a b i l i t i e s combined
Contingent l i a b i l i t y on b i l l s purchased
for f o r e i g n c o r r e s p o n d e n t s
Commitments t o ina|ce i n d u s t r i a l loans
• l?,l453'
l4U',98^27l;
•'-'
h2M^<
398,207
+ .U5,209
-?7ti,608
+1,217,582
+ 'c;>66,lio6
- 165,760
-:
3,U86
+.1,611;, 822
+ 219,601
•+-N... O l 7
, -271; l i s
+
07714
+l,iiU0,990
+197,971
- 97,636
'- 35*i7«9-'
1
19.7;, 990. - . +•". • ?:8'
hlid; I89-*
, .2:0 5ie
+ 3,532
••-257;, 558
10,71414,157-.
%.%
'3,38l4
J-,726
-
•—•'
>
+
133
.. l
.+
+
+
+
6,7l4l
8,366
88
52,298
+1,508,1483
l4.2fo
14,656
uU7
H.i*.l(b)
*
STATEMENT' OF CONDITION OP THE FEDERAL RESERVE BAMS ON APRIL 2 8 , I9U8
( I n thousands of d o l l a r s )
A-S
SETS
Gold c e r t i f i c a t e s
Redemption fund f o r
F. R . notes
T o t a l gold c e r t i f i c a t e
^"sserve?
'
"Total.
Bpsto^
21,279,170
808,18©
S
;».
;:=630,395;
#5,176
,
Other cash
'323,672
258,?25^
2,11*6
Bilis
BondS
Ri'ch.
Atlanta
Chicago S t , Louis
6,718,561 1017,656 11*11,950 "IOO9M3 1063,951 1|227,U7
::
863,364
69,259
'
58,6lU
73,731
5li,>32li
-M '-
38,563
Minn. ~Kans f Cy.
585,553 >26,i*88
-
D a l l a s Sar?Fran«
756,935 ^ 8 , 6 ^ 1 275k,287
-
102,790
146*066
22,619
6,787,82o 1075,670 lli85,68l lo6u,067 H02,5lli 4330^207
631^19
449.107
39,568
62,72o
17.117
35,143
19,599
21,909
85,659
18,158
1+71
26,554
2ll*
15.857
' 46
8,11*0,201 547,217
4,259,543 286,344
1,955,700 151,1*70
6,084.1*67 1*09.022
certificates
Kotes
' '
Cleve..;
55,090.
25,61*7
1*9,116
'
21^909,565
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 ;
-New York:.., Phi la*
792,025- 524,288 2803,403
20,983
43,787
15*671
7,477
10,558
10,657
42,392
&«453
1,1*15
26,303
—-
H*,6c8
^ -
3,800.
-«-
12,133
—••?
6,507
18,724
1156,625 1*1*9,1*1*5 21*9,163 379.423
605,230 235,182 130,381 l?C-,5*J2
277,881 107,980
59,862
91,157
861*,530 -335,942 186,239 283,605
368,906
193,039
88,630
275,71*2
1,951,874 581,454 780,1*01 528,657 408,093
1,021,361 304,259 408,362 276,631 213,51*1*
1*63,91*2 139.696 187,493 127,011
98,01*5
1,1*58,946 1*54,613 583,518 595,150 305,032
738,943
386,668
177,533
552.330
T o t a l U.S. Government
securities;
20,1*39.911 1374,053 .4,901,123 ,11*60,022 1959.574 1327.1*1*9 I024,71i*
T o t a l loans and
TecuritieT"
926,317 1855,471*
1*,966,782 ii*78,651 1986,31*2 1343,352 1034.582 2930,569 1143,217
629,1*1*5 964,858
932,821*1874,198
~ ' *
_- 20,700,782 1395,962
Due from, f o r e i g n banks
TOTAL A S S E T S
625,61*5 952,725
*
?
F.R. notes of other banks
U n c o l l e c t e d items
Bank premises
Other a s s e t s
1128,549
9I,
6
110,799
'4*21*3
2,512,184
32,689
15l*.372
2 9 Q1*,266
210,810
1,22210,1*1*9
l / 30
-17,057-
8
9
5,287 • 6*078-
1*96,765 158,1*70
• -8>189
3-,132
- 3 6 . 3 9 6 . 10,666
21*1,553
• 4,888
ll*,932
5
13
3
2
3
3
8
10,392
ll*,056
8,1*1*2
3,636
6,630
1*,973
15,223
198,625 186,518
2 , 6 1 0 -1,546
10,504
7,758
383.700
3/057
21,861
ll*,782
1*
107,979
1,961
8,81*8
53,341 136,022
1,198
2,1*33
1*,743
7,205
118,885 211*.516
785 1,688
7,006
llt.20lt
1*5,744,157 2525,621* .12,595,759 271*9,001 3774,626,2653,341* 2361*,297 7727,230.1915..5UO 1153,949 1919*734.1599,421 1*965,632
l / A f t e r d e d u c t i n g $6i*,000 p a r t i c i p a t i o n s of other F e d e r a l Reserve 1 Banks^
H.U.l(c)
L I A B I L I T I E S
STATEMEN' : OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 2 8 , I9I4.8
( 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
Total
Boston
25,621*, 055 1^20,898 5,1*21,102 1620,726 2058,179 1610,91*5 1516,266 1*508,670 1079,607
F e d e r a l Reserve n o t e s
Depositss
Member b a n k - r e s e r v e a c c t , 17,01*5,29!* 715,1*1*1* 5,57U,HO 805,822 1279,^15 717,299 71*5,196 2525,918
U . S . T r e a s u r e r - g e n e r a l acct.3185,5l+6 115,221*
72,161 199,506
195,927
91+.535 lll*,l+lo
80,51*5
Foreign
586,766
22,862 l / l i i 0 , 6 5 9
lit, 851*
1*9,205
29,506
55,286
17,728
1|69,270
2,61*2 "1*06,575
Other
5,256
l,9&
7,962
553
2,115
Total deposits
I9,08l*,676 85l|,172 6,317.21*9 929,627 11*55,071 820,826 830,71+1+ 2776,71*!*Deferred a v a i l a b i l i t y items2,2.61,090 201,ll*l
1*21,522 156,890 209,672 181,729 185,91+5 536,586
Other l i a b i l i t i e s i n c l u d i n g
l*i621,
1,087
1,870
accrued d i v i d e n d s
9i*l*
79li
2,866
17,1+55
4,017
TOTAL LIABILITIES
l|li,987»27l* 21477,228712,16^,291*, 2638,550 570l*,792 26l!*,i*l*2 2551,71*9 762l*,666
Capital paid i n
7,721*
21*. 095
197.990 - 11,307
11*, 51*5
18,957
69,131
8,1*55
Surplus ( S e c t i o n 7)
66,217
19,H0
1*1*8,189 s : 28,117
138>596 55*550.. 1*2,175 21,210
Surplus ( S e c t i o n 15b)
1*,1*8"9
1,006
762
1,1+29
'
5,0115,51+9
27,51*3
7,319
10,825
6.2§9
7,698
5,908
Other c a p i t a l a c c o u n t s
1+.952
85,161
; 5,961. -. l6,ltl9
TOTAL LIABILITIES AND
l*5,7i*l*il57 2525,621*
CAPITAL ACCOUNTS
Contingent l i a b i l i t y on b i l l s purchased
for foreign correspondents
5»38l* .
215
Commitments t o make i n d u s t r i a l
loans
7,726
75
F.R.notes outstanding
21**1*75,201 11*77,005
C o l l a t e r a l for. F . R . n o t e s
h e l d by F.R.Agents?
Gold c e r t i f i c a t e s
15,159,000 i*6o,ooo
E l i g i b l e paper
';" 85,091+. -12^85
U.S.Govt, s e c u r i t i e s 12,750,000 1100,000
Total
Discounts and advances
258,725
Industrial loans
2,11*6
U.S.Govt, securities 20,1*59,911
Minn. Kans.Cy,
608,855 913,868
615,751 1*08,059:
53,281*.
68,755
13,025
9,01*51,732
5,055
702.581* l*72,ioo
105,659
52,505
782,655
.•59.083
.:. 12,665
195
85U,596
122.oil*
D a l l a s SanFrasu
587,602 21*77,561
799,611,2078,056
61,1*1*5
72,1*77
12,501
51,872
510
3h,713
875,865 2217,098
109,660 202,567
775
51+9
667
788
1,1+75
1886,625 1153,787 .1891,11*5 1571,915 1+898,301
7,612
6,772
18,550
i+,365
6,503
16,11*8
58,952
Hi,111
11,255
16,972
2,11*0
1,507
1,137
1,075
521
7,689
1*,!*76
1+.532
3,1*93
1+.919
12,595,759 271*9.001.5771*.626 2653,31*1* 236^,297 7727,250 1 9 1 5 . & 0 1153,91+9. I?l9.73i+ 1599,1+21 1*965,632
V/ithin
15 days
2/1,085
27!*
511
166
159
1*60
122
16
580
126
1,510
31+1
1,598
.5,657,025 1662,260 211*5,677 1675,258 1565,176 l*58i*,5l9 1125,112
l*,l*70^ooo 550,000 735,000 625,000 675,000 2630,000 315,000
J—
,'9;3liO
55,761*
6,170
—
8,505
1,500,000 1200,000 1500,000 1100,000 -750,000 2000,000 950,000
LiATURITY DISTRIBUTION OF LOANS AND SECURITIES
16 to
50 days
51 to
61 to
90 days
60 days
1*5,502
80,012
15,851*
119,515
21
21
1,951
,556,593
1,1*79,102
3,113,502
1*,957,H+1+
l/After deducting $21|6,02l*,000 participations
2"
""/After deducting
$2,301,000 participations
298
85
118
652,593
3,750
91+2,611*
130
619,1*61* 2590,720
200,000 280,000
- 100- "« 6,930
1*50,000 700,000
169,000 2050,000
T-5,700
500,000 1000,000
1 to 2
6 months
91 days to
years
6 months .
to .1 year
19
12
h
157
1,175,700
2,232,1*17
of ether Federal Reserve Banks.
of other Federal Reserve Banks.
115
2 to 5
years
Over
5 years
20
885,1+68
5,081,985
@FedFRASER