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BOARD OF GOVERNORS OF THE FSBliRAL RESERVE SYSTEM (Released f o r P u b l i c a t i o n F r i d a y jjiorniftg^ August 15; not e a r l i e r ) II.il* 1 August llj., 19^7 ;C'6NDITI0K OF THE FEDEMl/jlESEkVE BANKS ^Dyting tjie, v/eek end^d^A^gust X5'9 "irtembe,r l?ank r e s e r v e b a l a n c e s i n c r e a s e d $19,000,000; Additions;rto'member Wik'".reserves arose from i n c r e a s e s ! of $283,000,000 i n Reserve* Bank c r e d i t -and* $ 9 , 0 0 0 , 0 0 0 ' i n gold s t o c k and a d e c r e a s e of 170,000,000 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 a c c o u n t s , o f f s e t i n p a r t by i n c r e a s e s of $3^5,0,00,000. 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 and $17,000;000. in'irtbney i n c i r c u l a t i o n ^ Bxces§ r e s e r v e s bf member banks on Aur^ust 13 wei-e estimated; t d be. approximate3,y $850,000,000. \ Holdings, of loans., d i s c o u n t s and advances i n c r e a s e d $60,000,000 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 , i n c r e a s e d $161,000,000. The in*c r e a s e i n holdings* of United S t a t e s .Governrafcnt 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 $113,000,000 in: c e r t i f i c a t e s andU$Ut, 000,000 i n b i l l s . Changes i n 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 t h e week fcnd t h e year ended August 13,' £$h"(, wer$ as f o l l o w s : Increase or decte'aafe since Aug, 13, Aug. 6, Aug. :au# 19U7 19U6 19^7 (In millions of dbllars) U. S<p Government securities Loans4 discounts and advances^ Other" Reserve. B&nk credit < 22,030 185 280 Total Reserve Bank credit GoJ.d stock : Treasury currency • 22,1^1; 21,611 UV551 + .+ + 161 . 60 : t & "-1.5U5 79 - 119 •:283 !; 9 -1,7W* +1,3U3 • > l- : + 10 +' + U20 130 933 496 1 Lember bank reserve balances ! Money in circulation Treasury cash Treasury deposits with F. R. Sahks llonmember deposits and other F.'R. -accounts. l6,i;28 28,223 ,- I.329 11.053 1,622 + • • * * + 17 1 325 ; . 70 • : STATELIEST OL' CONDITION OF THE' TtlSLVE FEDERAL HiSEHVS;'BANKS.COLIBIIIED ( I n .thousands of dol'la^s) H.U.l(a) I n c r e a s e or <i e c r e a s e since Aug. 13, Aug. ll*, 19li6 Aug. 6, 19U7 19U7» A S S; E T S ' 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 I n d u s t r i a l loans Acceptances purchased U# S, Govt, s e c u r i t i e s ? Bills Certificates Hotes Bonds T o t a l U. S, Government securities T o t a l loans and s e c u r i t i e s Due' from f o r e i g n banks F. ;R, n o t e s of o t h e r banks U n c o l l e c t e d itfems Bank p r e m i s e s ' ; Other a s s e t s TOTAL ASSETS • » 1 1 1 . ,] |L| | U 1 -| 1 i (1 | * II . 1. .11 .1, I I * , 19* 69*4,179 • :; 6 7 2 , 6 1 6 20^566,795 268,739 183,205 1/667 -_- - . •_ „ ,. . . r . . 111,155,08^ 6 , 8 0 3 , , 566 369,500 . 721,690 22,029,6^0 " 2 2 , 2 1 1 ; , 512 102 .' 1 1 8 , 2 5 8 2,563,h77 ."i 51,876 • A 55,7hQ !+5,6l9i507 *' I . X +2,5142,972 78,089 _5 : 8 , 0 0 3 ,••' .;+2 ,2,61i,883 + t + 1,531 + 60,158' •1.5 • « . - 29,681 79.193 529 m «f • • 25,020 + lilt, 398 +117,600 - Bl7,255 - — 1,000 •ri .f 968,071 226,500 •55,600 t .) •.. 8,000 • I , - - - L I A B I- L i;,T I 3 S F e d e r a l Reserve n o t e s < Deposits: llember bank r r e s e r v e account U # S t 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 including- accrued dividends TOTAL LIABILITIES C-'A P I T A-L A^C C-0 IT H f S C a p i t a l paid i n Surplus ( S e c t i o n 7) Surplus ( o e c t i o n l j b ) Other c a p i t a l a c c o u n t s '• ;::. TC%L LIABILITIES AND CAPITAL-ACCOUNTS' 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 o d e p o s i t and F . R, n o t e l i a b i l i t i e $ ^ combined Contingent l i a b i l i t y p%i b i l l s purshasetl f o r foreign* c o r r e s p o n d e n t s Commitments %o make i n d u s t r i a l loans , + 4.1^,768 i ' • ,; 16,1|23 , 2 4 •iL, 052,669 536,578 ': 1*63,2fl7 - 1 ,5li5,226 +160,998 +221,l'l;i- / Tl,6ii6,9l0 _-_ a 767 +588,387 » + - . 4 « * * 19 10,060 76,775 - 97lt v+ l,,9U6v t . +62o,7lil t 657,529 3.1+79 ;' .. \ !+ 1 7 , 6 8 7 ' . ; *..» :••> 1 9 , 3 5 5 ' - 189,271 + 1(20,221 •,f,285,8liU +321*,820 : *.+ 1495,1405 225,782 •Jr 13,1472 69,882 - 57,621" \ „., „ t+ •619,962 +275,082 + 173,171 .+526;808 " Hi,l5U hh, 923,3146 + 1,1^26 , +619,003 ,16,1480,600 .... + •'+ 3,2U9 607,111 "• * 193,200 U39.3?3 27,1455 ' 35,685 145,619,507 + ".97 : . _ - • >-_ + l w .#ri. '+62 0,71+1 ' + •..' 9,089 + - ' 81,li68 + ;• -.27 .Uo,l66 ~ 657,529 ,3 7,077 167 + + 14,191 975 E^l<b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS 01 AUGUST 13., I9U7 ( I n thoug^-ids of d o l l a r s ) ASSETS Total Gold c e r t i f i c a t e s Redemption fund f o r F„ R. n o t e s T o t a l gold reserves 19»69U,179 672,616 Boston New York 737,571 6,506,561; 55,677 117,350 Phila. Cleve. 808.3U8lllii.301 59,862 Rich. Atlanta Chicago S t , L o u i s 891,515 355,613 UoU5,228 7U.932 53,798 868,210 1216,733 13,063 20,392 1U.710 21,867 9U5,313 13,009 13,181 U3,095 90.-29U Minn. Kans."Cy^ D a l l a s SanFran. 5 U 9 , 0 9 9 . ^ 9 , 7 1 1 , .592,UlU U76.207 27U0,108 U5,508' 21,126' 3U.091 2U.I26 52.Q57 certificate Other cash Discounts and advances Industrial loans U# S # Govt, securities: Bills Certificates Notes Bonds TotaJ U # S # Government securities Total loans and securities 20,366,795 268,739 183,205 1,667 793,2U8 6,623,9iU 28,802 U5,887 9,663 75.0U5 6 59U,U07 370,837 1^,065 8,757 1U.718 U.,128 626,505- 500,353 2793,065 7,991 10,399 U0,573 8,17U 6,700 U,702 1U,135,08U 6,803,566 .369,300 721,690 96U,U72 2.832.U22 1130,512 1U58,266 looU.191 85U,22o 2o8U,756 693,633 U5L058 UU6.291 1,792,889 UU8,62o 67U.3U0 UiU,iU2 3U3,317 839,603 566,908 192,878 97,319 2U,35l 36,603 22.U80 18,655 U5,57U 19,915 io,U70 2U,225 U7,588 7 1 , 5 3 0 U5,950 ••; 5.6.U17T.. 8 9 . 0 6 1 . 3S.Q1Q 30iU6o 190,181 U7,3Ul 767,657 562,238 1551,659 328,o6U 320,990 655,52U 17,808 17.U23 5U.U97 ^UfBoo 3U.0U9 67.UI/I 22,o£9,6UoMU82,329 ~U,9i2,81l 1651,071 ^2Uo,739--1U8U..7U3 1252,589 5058,99U 1119,37.5 ; '&,866 22,21^,512 1U91,998 U,987*656 1667,UU2 2262,606 lU97,92U 1256.59U, 5065,506 I13U.093 Due from f o r e i g n banks . 102. £ 5,760 F . R . n o t e s of o t h e r banks 118,258U n c o l l e c t e d items • " 2,563,U77 199,717 Bank premises 31,876 '1,26k Other a s s e t s 55,7U8 . :-3,,697 TOTAL ASSETS 898,708 Ul35,522 '2U,596 Uo,205 U.005 6,312 l.lU8,329 93U,700 2o69,09U 678,99U 1153.031 9U2,87U 2o75,79U •1/- 3 3 , 8 .9. 5 U lU h , 3 U 1U 2"0,857 5,962 U,66l 8/755-." 9,7S>6 ' iU,32*5: 7,79U' '13.U23 ' 6.256 U71.U78 195,130 259,033 213.0U6 159,287 U20,809 117,912 .759,936 lUl,22l 8,331 3,107 3,7SU 2.6U3 1,501 3,036 1,98U 1,222 2,U80 5,328 5,6U3 5,UU9 2.9U8 7,017 5,587 1,595 2,625 15,928 3 3,681 109,598 775 2.U97 9 17,208 216,260 1.7UU 5.65U U5,6i9,507 252U,U92 12,172.26U 2756,250.5772,861 268U.i29-2353.U3li 7686,03U 187U,6U6 113U,817 l9Uo,H3 1570,160 5150,237 l/After deducting $&),000 participations of other Federal Reserve Banks. TT ! •% t STATEMENT OF CONDITION OF THE FEDERAL RESERVE BA1JKS OH AUGUST 13, I9u7 ( I n thousands of d o l l a r s ) T o t a l . Boston Hew York Phila* Cleve* Rich, A t l a n t a Chicago S t # L o u i s i'.dnn, Kans.Cy. 2 ^ , 1 ^ , 7 6 8 . l l # 9 , 7 9 3 5,567,289 1632,71*7 2091*51*3 1 ^ 9 , 1 5 7 1363,191 ^ 5 , 2 1 5 "1076,726 587,935 921;,773 L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits• LleDiber b a n k - r e s e r v e a c c t . 16,428%266 73*1*055 U . S # T r e a s u r e r - g e n e r a l a e c t * 1,052,669 89,539 Foreign 536*378 30,028 Cther 463,2872,39k T o t a l ddeePp°osslittss 13,480,600 856,016 Deferred -. ^ s - ^ i l ^ i l i t y items 2,283,8iai' 183,062 Other l i a b i l i t i e s i n c l u d i n g accrued d i v i d e n d s 14,13^ 9ai TOTAL LIABILITI2S 4 4 , 9 2 3 , 3 4 6 2479,812 Capital paid i n •193,200' 11,203 Surplus ( S e c t i o n 7) -439,823. 2 7 , 5 5 7 Surplus ( S e c t i o n 13b) 27,455-3,012 Other c a p i t a l a c c o u n t s .. . 3 5 , 6 8 3 _ 2 , 9 0 3 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 45,6i9,.507 2524,492 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents j, JQJ 26a Commitments t o make i n d u s t r i a l loans 7,077 F.R. n o t e s o u t s t a n d i n g 2 ^ , 8 2 0 , 2 5 6 1494,330 C o l l a t e r a l f o r F.R. n o t e s h e l d by F.R. A g e n t s : Gold c e r t i f i c a t e s 12,188,000 liitO.OOO E l i g i b l e paper 122,184 7,775 U.S. Govt, s e c u r i t i e s 13,636,323 1100,000 Total 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 183,205 1,667 22,029,640 5,09^,3l|6 277,902 1/217,9614 393,729 5,983,941 401,686 799,909 1222,93I; -728,1*75 63,3l|8 l l l | , 5 l l | 57.107 37,916 43,533 22,937 2,h55 7,366 1,606 903,626 1388,397 810,125 162,31*0 226,793 188,932 736,696 2fc66,3k3 601,509 409,507 39,550 139,623 hl,2aU 51,804 19,192 63,662 i6,38h 11.70^ 4,531 3,773 6.287 1.912 799,969 2673,401 66^,1*74 4 7 4 , 9 2 6 159,9uu 371,665 106,037 53,069 813,801 33,439 16. Wit aiti. 864,565 124,319 D a l l a s SanFran, 590,150 2676,249 797,223 2023,418 39,190 105,359 15,447 l.| 1.228 - . 44.6. 3Z,3li9. 852,306 2207,851; 102,690 203,287 926 _6Q9_ 2,571 1,031 1,705 _2£6_ 329 690 U2kQ_ ,588 L328_ 11,955,287 2699,7.44 3703,438 2619,140 2323,933 7592,64I 1848,927 1116,539 1914.423 1545,734 5088,728 68,127 14,296 18,819 8,137 7,429 23,081 6,3U3 h,2h\ 6,452 7,138 17,93it 136,549 34,720 4l,39u 20,676 18,665 65,078 16,577 10,997 15,729 13.777 38,106 7,253 U-M9 1,007 3,325 762 1,429 521 1,507 2,140 1,073 1,137 ?fooi 3_*2S3 2,851 ZMil 3.805 2,278, — 1 ^ 6 ? 5tQ68 2 ^ 2 -— ^ 2 d k ^^5u 12,172,284 2756,250 3772,861 2684,129 2353,1*34 7686,034 1874,646 1134,817 1940,113 1570,160 5150,287 2/1,341 339 390 205 172 570 11*7 105 147 1,095 1,353 eh. 27 31. 580 5,723,607 1682,000 2136,493 1694,066 1401,807 4628,379 m i * , 2 1 4 601,045 3,750 9k8,627 138 369 157 616,753 2778,885 3,470,000 500,000 655,000 660,000 570,000 2860,000 300,000 184,000 280,000 169,000 2100,000 65,605 12,320 11,655 13,685 3,390 3,670 4,104 2 , 4 0 0 , 0 0 0 1200,000 1500,000 1055,000 850,000 1800,000 906,323 425,000 700,000 500,000 1200,000 MATURITY DISTRIBUTION OF.LOANS iiHD SECURITIES 2 to 5 Over 6 months 1 to 2 Tiithin 16 t o 61 t o 31 t o 91 days t o y e a r s 5 years y e a r s to 1 year 15 days 90 days 50 days 6 months 60 days 132,434 ... I , l a 7 ^486,213 l/ 2/ 10,786 27,417 12,567 1 109 5 l 51 5U 3,244,455 4,781,434 3.336,257 2,703,922 .2,997,269 - 295,400 A f t e r d e d u c t i n g $318,508,000 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; A f t e r d e d u c t i n g $ 2 , 8 5 0 , 0 0 0 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. 302 148,350 536,540
@FedFRASER