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BOARD; OF GOVERNORS OF THE- FEDERAL RESERVE SYSTEM (neluascd for P u b l i c a t i o n .Friday Morning, August 2 , n o t earlier) HJ4.I A u g u s t 1, I9U6 CONDITIO OF THE FEDERAL RESERVE BANKS D u r i n g t h e week e n d e d J u l y 7j\t .member b a n k r e s e r v e b a l a n c e s i n c r e a s e d $ l l l i , 0 0 0 , 0 0 0 * A d d i t i o n s t o m e m b e r ' b a n k r e s e r v e s a r o s e from d e c r e a s e s of $161,-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 R e s e r v e Banks., . $ 7 3 , 0 0 0 , 0 0 0 i n n o n rr!embv..r d e p o s i t s and' o t h e r F e d e r a l R e s e r v e a c c o u n t s , and $ 5 , 0 0 0 , 0 0 0 i n T r e a s u r y c a s h , o f f s e t i n p a r t b y d e c r e a s e s of $ 6 5 , 0 0 0 , 0 0 0 i n R e s e r v e Bank c r e d i t and $ 2 , 0 0 0 , 0 0 0 i n g o l d . s t o c k , a n d a n . i n c r e a s i o f $ 5 6 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n . E x c e s s r e s e r v e s of pieraber b a n k s on J u l y 3 1 were e s t i m a t e d t o be a p p r o x i m a t e l y $390,000,000. H o l d i n g s of l o a n s , d i s c o u n t s and a d v a n c e s i n c r e a s e d $ 2 7 , 0 0 0 , 0 0 0 w h i l e h o l d i n g s o f MJnited ' S t a t e s Government s e c u r i t i e s d e c r e a s e d $ 1 9 , 0 0 0 , 0 0 0 . The d e crease in security h o l d i n g s r e f l e c t s a. l i k e d e c r e a s e i n b i l l s * Changes i n member b a n k r e s e r v e b a l a n c e s and r e l a t e d i t e m s d u r i n g t h e week and t h e y e a r ended J u l y ~$lf 1 9 ^ 6 , were a s f o l l o w s : I n c r e a s e or decroasjs since July 3}f I9U6 J u l y 2l±, I9I16 Aug, 1, 19)45 (In millions of dollars) *" U # S* Government securities Loans, discounts and advances Other Reserve Bank credit 23,633 2hl 285 + - 19 27 72 +1,756 - 156 + 1 Total Reserve Bank credit Gold stock i Treasury currency ; 2U.16U 20,267 14,539 « - 65 2: +1 ,600 + 115 + 3U1 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with. F# R* Banks Sonmomber deposits ahd* other F, 'R.-accounts l$,99l 28.2U5 2,258 513 1,963 '• ' + ' lilt + 58 -» 5 - 161 -. 73 +1,130 +1, U 5 2 - 165 23 H.lul(a) STATEMENT OF CONDITION OF THE TWELVJg FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) I n c r e a s e or d e c r e a s e since July 31; 1946 J u l y 2k, 19U6 17,339,209 766,272 + 5,000 - .6,91*9 1,949 •+ 6,912 + 26,1514. + 60 - It, 375 A ug. 1., 1945 ASSETS Gold c e r t i f i c a t e s Redemption fund for F.R< n o t e s T o t a l gold c e r t i f i c a t e r e s e r v e s Other cash Discounts and advances Industrial loans Acceptances purchased U. S # Govt, securities? Bills ' Certificates Notes. Bonds 18,105,1481 307,379 •. 245,354 ; 1,173 33,789LU, 1*06,029 7,875,732 595,600 755.290 Total U.S. Government securities 23,632,651 T o t a l loans and s e c u r i t i e s 23,912,967 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 Bank premises Other a s s e t s TOTAL ASSETS 83 135,015 2,073,566 32,857 57,786 + + + + + 18,599 106,317 124,916 77,792 153,846 1,916 33,314 - .18.974 +i,46o,358 +1,755,221 -1,102,350 - 357,552 18,971* +1,755,857 2,865 +1,633,409 27 •+ 43,569 +' 304,356 1,108 3,595 t + 1,890 -121,050 60 + 2,586 . 44,625,134 ..-108,806 +2,179.312 24, 244,229 + 60,996 15,991,184 515,250 • 823,5iiO 577.8U5 17,905,819 •.1,822,1+20 +113,892 -160,471 - 69,107 - 2,090 -117,776 - 53,077 /+ + 9.772 43,982,240 864 -110,721 + 1,471 +2,077,366 + L I A B I L I T I E S F e d e r a l 'Reserve*notes Deposits: Member bank - Preserve account U,S. T r e a s u r e r " - g e n e r a l : account Foreign Other Total d e p o s i t s Deferred a v a i l a b i l i t y items Other l i a b i l i t i e s , i n c l u d i n g accrued dividends TOTAL LIABILITIES C A P I T A L A C ;C 0";U N f S Capital paid in Surplus (Sectiori 7) Surplus (Section ljb).; Other capital' account's TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit find F#R.note liabilities combined Commitments to make industrial loans + 903,575 +1,130,608 - 164,474 •f 280,456 » 149,429 835.107 337,213 183,952 358,555 27,1*23 73,159 "» 1..7JP + " 12,860 + 130,202 + 263 41,379 44, 625,134 -108,806 +2,179,312 43.$ 5,438 20 175 + 269 H.l|.l(t>) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OF JULY 3 1 , 1946 ( I n thousands of d o l l a r s ) ASSETS Gold c e r t i f i c a t e s Redemption fund for F. R. n o t e s Total Boston New York. 17,359,209 730,5u4 5,181,566 766,272 57,468 116,501 787,812 22,028 8,675 77 5,297,867 Total gold certificate reserves 18,105,481 Other cash 307,379 Discounts and advances •245,354 Industrial loans 1,173 Acceptances purchased 33,789 U»S.Govt. securities; Bills 14 ,406,029 Certificates 7 ,875,732 Notes 595,600 Bonds 755,290 TOTAL ASSETS Cleve. 829,162 1152,466 59,573 75,895 Rich. 862,535 60,941 888,735 1228,361 923,476 84,098 20,219 2o,934 19,023 io4,34i 15,793 26,315 18,595 i,c46 50 Atlanta Chicago S t . L o u i s 891,885 5567,365 Minn.- Kans.Cy. D a l l a s SanFran. 557,483 321,579 565,192 120,969 42,313 20,250 34,707 934,776 3688,554 23,563 38,505 7,560 21,680 599,796 iio,975 14,515 541,829 6,271 3,ooo 599,899 14,718 6,560 485,879 2550,717 11,012 56,055 3,84o 14,680 774,1,23 2008,998 624,305 375,401 675,470 375,129 .28,218 55,785 551,090 1790,815 521,442 752,247 24,509 56,888 50,826 72,141 638,087 1112,600 907,667 2672,091 42,891 458,2402221,592 25,639 109,125 33,789 838,751 3,560,234 930,665 1385,756 912,423 547,556 2,000,290. 605,217 704,087 480,56a 409,585 1052,962 404,724 225,933 41,409. 52,512 T o t a l U.S., Government securitxes '23,632,651 1480,228 Total loans and securities" 23,912,967 Due from foreign banks83 F.R.notes of other banks 135,015 Uncollected items 2,075,566 Bank premises 32,857 Other assets 57,786 Phila. 151,271 191,829. 45,618 57,849 53,247 -67,525 56,342 46,086 30,975 59,280 79,650 100,980 30,607 38,814 5,903,624 1637,347 2210,613 1475,411 1253,963 5242,570 1098,450 17,086 21,667 6,041,754 1654,186 2236,9781494,006 1261,523 32.64,250.. 1112,965;, 641,-087 11-18,960 911,507 2686,771 2 1/27 3 7 7 8 4 3 ll 5 3 " 5 2"2,294 6,530 6,328 21,246 8,219 14,842 9,621 5,301 4,035 23,907 5,505 7,389 452,222 119,815 190,926 166,158 126,275 305,595 88,229 51,764 123,405 91,939 190,206 »7,034 1,320 8,546 5,250 5,925 2,721 1,544 5,080 2,030 1,279 2,556 809 1,819 3,876 13,040. 3,542' i;608 2,668 2,618 5,823 5., 925 6,257 5,505 5,195 7,751 8,980 44,625,134 2478,444 11,919,84a 2696,645 3693,695 2630,159 2559,098 7522,564 1322,84.5 iq55,46i 1867,510 1505,802 5275,235 l/ A f t e r d e d u c t i n g $56j000 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. STATEi.IENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 5 1 , 1946 ( i n t h o u s a n d s of d o l l a r s ) . K.4.1(c) L I B I L I T I E S Total Boston F e d e r a l Reserve n o t e s 2 4 , 2 4 4 , 2 2 9 11+68,758 Deposits: Member b a n k - r e s e r v e a c c t . 15,991^181+ 7 1 7 , 3 4 9 1+5,136 U.S.Treasurer-general acct. 513.250 50,1+90 Foreign 823,540 2,81+3 Oxher 577,81+5 Total deposits 17,905,819 D e f e r r e d a v a i l a b i l i t y i t e m s 1,822,1+20 Other l i a b i l i t i e s including accrued dividends 9,772 TOTAL LIABILITIES Capital paid in S u r p l u s ( S e c t i o n 7) S u r p l u s ( S e c t i o n 15'-') Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS CQia^itments t o make i n d u s t r i a l loans Phila. Cleve. Rich. Atlanta Chicago St.Louis 5,488,792 1638,052 2072,200 1662,905 1429.802 4467,535 1058,231 559,994 902,1+16 601,1+79 2 8 9 4 , 0 6 5 Minn. K a n s . C y . Dallas SanFran. 4,926.305 151,445 1/301,953 1+82,894 801,91+8 1 2 6 1 , 2 8 7 29,287 45,11+0 64,836 72,61+8 2,886 7,803 720,558 22,454 36,714 2,463 730,257 2312,572 17,129 86,764 29,681+ 1 0 4 , 6 7 5 3,1+66 7,388 590,774 31.687 26,559 8,511 391,521+ 20,052 19,529 3,562 786,057 9,1+31 25,778 2,1+71 7 5 5 , 3 2 7 1999,61+6 18,655 36,070 24,997 65,677 2,689 51,069 815,818 151,729 5,862,597 365,127 898,957 1386,878 106,615 175,866 781,969 152,997 780,536 2511,199 121,605 255.817 657,531 -434,467 41,767 85.436 823 ,737 117,668 7 9 9 , 6 6 8 2152,1+62 82,001 171,794 615 2,512 921 1+67 381+ 1+56 515 435 1,779 389 31S 1,000 i+3,98 2,21+0 21+36,920 1 1 , 7 1 7 , 0 2 8 261+4,137 3 6 3 3 , 8 6 5 2 5 9 8 , 3 3 8 2 3 3 2 , 5 7 8 7 2 5 6 , 3 3 0 133,952 353,355 .27,1+28 •73,159 10,366 22,1+39 3,012 5,207 .§4,529 116,860 7,205 ll+,226 13,590 23,946 4,501 5,li7l 18,386 33,745 1,007 6,692 7,726 15,593 3,326 5,156 6,986 ll+,450 762 l+,522 1 7 9 9 , 5 8 7 1 0 5 6 , 6 1 2 181+4,257 11+83,467 5 2 1 9 , 3 2 1 22,157 5,926 6,699 17,01+1 3,989 6,077 10,670 28,921+ 8,869 53,029 12,939 11,091 1,307 2,11+2 1,1+29 527 1,137 1,073 2 ,918 9,439 3.864 l.i.,148 39 7,857 4 4 , 6 2 5 , 1 3 4 21+73,444 11,919,81+8 2 6 9 6 , 6 4 5 3 6 9 3 , 6 9 5 2 6 3 0 , 1 3 9 2 3 5 9 , 0 9 8 7522,361+ 1 8 2 2 , 8 4 3 1 0 5 3 , 4 6 1 1 8 6 7 , 5 1 0 1 5 0 5 , 8 0 2 5,1+33 --- 24,921,776'1514,332 notes outstandin L'oliateral f o r F. notes held by F. Agents: 1 0 , 7 9 9 , 0 0 0 1+30,000 Gold certific bes E l i g i b l e paper 101,599 995 U. S . G o v t , s e c u r i t i e s 14,693,912 1100,000 D i s c o u n t s and a d v a n c e s I n d u s t r i a l loans acceptances purchased U. S . G o v t , s e c u r i t i e s New York ^ 971 5,647,3641683,229 3,420,000 159 —r 16 . . 3 , 6 0 0 2 1 2 5 , 0 2 5 1 7 1 0 , 0 9 9 1 4 6 5 , 5 2 0 451+5,212 1096,1,50 169 , 0 0 0 1 5 5 0 , 0 0 0 — 4#6oo 300,000 175,000 280,000 10,1+35 898,912 — 400,000 2,1+00 700,000 MATURITY DISTRIBUTION OF LOANS- AND SECURITIES 16 t o ' 61 t o 91 d a y s t o 6 months 31 t o :o 1 y e a r 30 d a y s 60 days 6 months 90 d a y s 117,193 6 8,822 2,195,690 1,375 8 10,486 6,105,304 4,025 6 •. 2,966 5,196,747 3010,407 627,655 — . — . 8 5 0 , 0 0 0 21+00,000 122,756 957 11,515 4,200,273 8 926,500 625,000 2165,000 245,354 1,173 33,789 23,652,651 165 571,905 550,000 IVithin 15 days 635,000 — 61+,381 5,833 — 12,955 2,300,000 1200,000 1550,000 1200,000 Total 500,000 521 5275,235 500 , 0 0 0 1 to 2 years 2 to5 years 122 12 20 42 1,254,90b- 3,629,61+2 1+6,1+00 1+43,250 l/ After deducting 8521,035,000 participations of other Federal Reserve Banks. 1600,000 Over 5 vears 532,1+1+0
@FedFRASER