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BOARD OF .GOVERNORS OP THE. FEDERAL RESERVE SYSTEM
(Released for P u b l i c a t i o n F r i d a y morning, August 2$; not e a r l i e r )
H.UVl
August 28, 19U7
CONDITION OF THE FEDERAL RESERVE BANKS
. During t h e week ended August £7; 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
$86,000,d00« i Add i t ions i ; t o .member hank r e s e r v e s a r o s e from a* decrease of •
1350/000,000 :in T r e a s u r y d e p o s i t ? wi^th F e d e r a l Reserve Baiiks; and an i n c r e a s e of
$ 1 0 0 , 0 0 0 , 0 0 0 , t n .gold stocky o f f s e t i n p a r t Iby a'decrease*'of ^158,000,000 xn Reserve Bank c r e d i t and i n c r e a s e s of $63,000,000 in money i n c i r c u l a t i o n , ?:5*000,000
i n . T r e a s u r y cash and £138*000,000 iri nonmember d e p o s i t s and .other F e d e r a l Reserve
accounts* Excess r e s e r v e s ; of member bariks on August 27 were e s t i m a t e d t o be approximately $350,000,000%
"'
Holdings of l o a n s , d i s c o u n t s and advances decreased 0105,000,000.while
h o l d i n g s 'of,IJnited 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 ^10,000,000# The i n c r e a s e
i n Holdings of <
' United S t a t e s Cr&vernftent s e c u r i t i e s r e f l e c t s - ' a n i n c r e a s e of
$20,000,00© i n - c e r t i f i c a t e ^ a n i l A\ d e c r a a s e <of §10,000,000 in b i l l s *
Changes i n member bank r e s e r v e balances and r e l a t e d itenis du'ring t h e week
a n d v t h e . y e a r , ©niied A u g u s t ' 2 7 , 19U7,:wQr® as f o l l o w s ;
I n c r e a s e oa* decrease
• since
AMg. 27,
19U7
Aug. 20,
;- 19U7
' i"—•**
' (m.;millions
U* .;£>• Governmeht s e c u r i t i e s
Loans, d i s c o u n t s and advances
£jther Reserve 'Bank c r e d i t
22,107
' 136 '
235
Aug, 20,
19U6 •
m
•
>•>
I H M » "«•
of di0 l i a r s )
+ ' 10
-: .1,1+99
- • 105
- 63
-;"
' -
81
U3-
i
T o t a l Reserve Bank c r e d i t
Gold s t o c k
t r e a s u r y currency
Member/bank r e s e r v e b a l a n c e s
Money.in c i r c u l a t i o n ;
Treasury cash,
:
Treasury t d e p o s e s w i t h ; F> R# Bankf
.r
'Nonmember deposit** and4 ojbher;F£'Rj> accounts
- 158 :
22,1+78'
21,766'
l+,550
+, 100
1
16,1+93 .
28,302
"1,335
915.
•l,7i+9
, + 86
+ 63 '•
+
5
- 350
+ 138
+ 1,1+86.
+
7
+.
"+
-
626
;7l+
939
295
39
HJuKa)
STATEMENT OF CONDITION
OF THE TOELVE FEDERAL RESERVE BAHKS COMBINED
( I n thousands of d o l l a r s )
I n c r e a s e or decrease
since
August 27,.
August 20,
August 28 $
1947
A S S E TJ[ '•'Gold certificates/
Redemption fund fdr F*R, notes
Total gold certificate reserves
Other cash
Discounts and advairrces ,
Industrial loans
Acceptances purchased
U. S^ Govt* securities;
Bills
Certificates
Nobes
|
Bonds
-i
Total U t S t Government
securities l '^ *"*
Total loans and sr,ecui;ities
Due from foreign hanks
F, R. notes of other hanks
Uncollected items
Bank premises
Other assets^ ^
20350317
259,733
134,560
1,831
L I A B I L T T i E S.
Federal Reserve notes
Deposits;
lumber bank-re serve, account * *
Ut,S#Treasurer' ~ general 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 * a c c r u e d dividends
TOTAL LIABILITIES L C A P I T A L A C Q 0* U N I S
Capital paid in
,
.,
Surplus ( S e c t i o n 7)
'Surplus ( S e c t i o n L$b)
Other c a p i t a l a c c o u n t s .
v. „
TOTAL LIABILITIES AHD CAPJTAt ACCQtJHTS
Ratio of gold certificate reserves
to deposit and F # R f .note ;
liabilities aombined "',
,
•+ 91,013
+ 6,326
+ 97,339
: - . 9,625
-roi+,.614
+
57
+2,507^33
- •:;.i80,8l;9
+21^5827
• hi ,200
81 ,it?U
756
. lh*U99
l4,ll±&,528
6,869,216
369,300
719.690
- 9,661
+ 19*500
22,106,731+
•' +••• '?;&% .
-1,1499,755
22,210,125
102
120,898
2,251,j65
31,81+5
•58,506
- 9h,7ft.
-1,595,272
+
19
6,511
+ 216,767
958
+ . U,390
+1,003,819
;l45,U89,708 •
TOTAL ASSETS
+ 7,695.
-278,925
36
+ 1.229
-277,093
327.l4.3U
910,1*21
226,300
35,600
24,225,486 v" +63,655
* 121$,5kf-
I6,li93*0li6
915*237
&0.833
582,230
18,531,346.
2,016,879 •-
f 88,638
-127,882
-215,528
+ 625,730
+ 294,937
89,863
790
+ 830,014
+ 21*5,817
16,495
2^,790,206;;
977
-278.778
+
14,105
953.387
193*288'
^39,823
27,1)55.
38,936.;
145>1489,708'
ih
+
+
+
9,078
81,1468
27
-
ij0,l!4l
+ 85,,675
-3if?,8l9
+ tti&k
1,671
-277,093
MM-
+1,003,819
5M
;
Contingent l i a b i l i t y o n b i l l $ purchased
for f o r e i g n c o r r e s p o n d e n t s
Commitments to 1 make i n d u s t r i a l loans
19,841,192
_ 682,942
194,6
1+,021:
l,h5k
11
502
4,021
1,395
H.U.l(b)
STATEMENT;0F QOKDJTIOM ."OF TjHE FEDERAL Ri^ERVE BANKS ' ON AUGUST 2 ? , I947
( I n thousandEf of , d o l l a r s )
'•>, "
ASSETS
Total
Gold certificates
Boston
,
F. R. notes
.
Rich^ i A t l a n t a
«
10,828
3
Chicago'St.Louis
60,117
,• •'
75,238 56,866
45,958
9,460
1,828
15,822
8,856
i:
securities-
•"'':
* *•
'
. .
. f
45,259 21,101 56,054 ~24,Q87
52,826
~ .•
614,946 574,106-653,637 494,125 2768,267
14,389 8,094
3,599-10,101
58,152
10,812 .
* .. y ..
SanFran.
";
. '* .
:
. -
14,148,528 943,553 2,798,087 1152,283 1452,7501054,580 896,4202052,675
6,869,216 450,8521,808,967 453,481680,699 418,277 346,775 848,021
569,500 24,239
97,253
24,380 56,595
22,487 18,645 45,591
719.690 47,236 189,526
47,511 71,517 ,43,825
56,551 88,847
T o t a l U.S. Government
- .." ;
95,090
6,200
''Dalias
56^*68? 353,005 597,583 470,038 2715,441
,.
867,122 1228,873 912,197 850/732 4198,519
12,009 19,371 13,263 20^396 40,971
53*^5
—
Minn. Kans.Cy,
:
"
154,560
1,851
Bills ;'•'*•
Certificated
?
Notes
Bonds
;•>
15,798
685,946
370,200
19,905
38,786
i * ,
1,128 ,
;5,152
6,349
12,750
457,860.782,595 560,756 1553*243
194,738 331,252 325,905 642,051
10,469
17,809
17,415
34,516
20,403
54,706 53,956 67,268
.
, ,
22,106^734 1465^880 4,893>833i:1677,6552221,561 1559,167 1298,169-. 5015,134 1112,85^ 685,47Q 1166,162 955,988 2097,080
_
.
Total loans and
,
*
*
Due from foreign banks
_
*
_
.
r.
.
,
.
'.
..
_
- * - * - -
.
" ' • - ' • :
,__-,
-
-; --,
22,243,125,1476,711 4,927,278 ' 1688,9432237,183 1548,005 1504,569 50&,946 1^26,655 684,598 1171,5l4 942,557 2109,810
•
','•' 102
6
F.R. notes of other banks ; I2e;898 " 7,599
Uncollected items
2,251,565 176,466
'
other assets
51,845
1,259
58,506
3,658
-i
:;il6,8l3
20,524,134 797,787 6,784,023
259,735-27,559
47,029
Discounts and advances
Industrial loaas
U. S. Govt, securities:
TGTAL ASSETS
;
'*
reserves.
other c a s h . : ; ' ;
Cleve.
807,005 1153,655 855,331 804,7744105,229
'
682,942 ' 55,553
Total gold certificate
Bank premises
Philai":
19,841,192, 742*254 6,667,210
Redemption fund f o r
securities
New York
•_!!
t-
:
1/53 •
i
S^
^ 9 ,
5
'4
'-.; ; | 4
n8,979.
5,725! 5/323 : -8,226 . 11,707 35*20,7
430,453r lW»754 205,898: ,209,709 154,922 3^0,195
8,551?
l4,94o
;—,—,—^
4*
. '3-'
*4
7,452 ^ 2 ? 9 J 7,953
197,629 62,5<5|*ll8,546
5
5
9
3,435
16,022
116,856 210..452
£,101
5,784
2,648
1^497 ""-3,050
i 1,985'
1,219
2,480
"775
1,738
d,5l4
5,96o
3,565
5,036
\ 3 Ml
1,65$
2,720
2,808
5,789
;_;
,—„—,—_i—
,
, ,,
:7,394
:_.—-—.—_J,
-^—
;
_
45,489,70B'2490,845 12251,057 27238,1565706^01 2697,614.2526,665 7651,076 1866,505 1145,46^45,255 1570,440 5150,239
1/
After deducting $69 ^000 'jfarticip&tio 12s ~ef *other Federal Reserve -Banks *
5.lul(c)
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 2 7 , l ^ 7
( I n thousands of d o l l a r s )
Total
Boston
HewTork
Phlla#
Cleve^
R i c h . A t l a n t a Chicago,;Stȣbuis
L I A B I L I T I E S
Minru 1ians.Cy.
F e d e r a l Reserve n o t e s
2l^225Mihp*i&,
5 J 9 9 © 4 § 6 16*4,913 2 1 0 ^ 2 0 ^ l66i*,232 1365,31*5 1*560,361.1076,838 :59l,945 926,183
Depositst
. **
Liember b a n k - r e s e r v e a c c t . I6,495»0ii6 744.896- 5,091,668 797,165 1221,477 752,551 725,6145 2469,012 604,055 419,549 828,794
U # S . T r e a s u r e r - g e n e r a l ac c t . 915,^57
44,590
65,699 ,257*229
58,577
72,199
54,587
i»4,559 150,865 47,249
37,7144
Foreign
54o,833 3l»622" 2/205,518
59,955
45,849
24,157
20,215
67,048 17,255
12,525
17,255
Other
l,0i{8
^82,250 . 1,474
510,916
2,159
7,254
1*955
4,471
4,l4l
2,031
7,169
Total d e p o s i t s
18,531*3^ 845,691 6,065,275 897,814 15lj6,779 812,808 794,866 2671,066 675,726 - 478,495 884,84L
Deferred a v a i l a b i l i t y i t e m s 2 0 l 6 , 8 7 9
162,050
35U^8D5 130,503 188,622 1 8 ^ 2 8 5 135*761 303*282
55^948 107,501
87,319
vi
Other l i a b i l i t i e s i n c l u d i n g - r:
accrued dividends'
, ; 16,495
1,052
3,210
1,127
1,949
1,031
974,
2,561
687
74b
845
TOTAL LIABILITIES
44,790,206^445,975 l2;oi5,l*l42 2671,557 364l,554 2662,556 2296,9*46 7557,270 1840,625 1127,075 1919,570
C a p i t a l paid i n
6,3l46
195,288
ll,20l4.
68.136
l4,501
18,795
8,140
7,457
25,088
6,458
4;247
Surplus ( S e c t i o n 7)
459>823 "27,557
156,549
54,720 4 l , 5 9 4
20,676
18,665
65,078 16,577
10,997
15,729
Surplus ( S e c t i o n 13*0
27,455
5,012
7,255
4,489
1,007
5,525
762
1,1(29
521
1,075
1,157
Other c a p i t a l a c c o u n t s
58,956 , 5 , 0 9 7
5,677
?,289
5,651
5,117
2,855
4,211
2,436
2,071
2,559
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
45,489,708 2496,845 12,251,057 2728,156 5706,4oi 2697,6142526*665 7651,076 1866,505 1145,461 1945,255
Contingent l i a b i l i t y on b i l l s purchased
0/,
ibi
for foreign correspondents
1±,021
257
.ir 1,285
326
374
197
165
5^7
i4i
i4i
Commitments t o make i n d u s t r i a l ;\: ^
loans
—
580
- 7,454
—
—
- 928
1,495
89
lt27
50
5.750
F*R* n o t e s o u t s t a n d i n g
•24,911.249' 1505,829 5,758,665 1685,654 2145,902 1702,185 l4ll,2l46 4656,615 1111,575 6.04,398 950,998
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 i\ R. A g e n t s :
Gold c e r t i f i c a t e s
.12,068,000 440,000 5,470,000 500,000 655,000 610,000 520,000 2890,000 500,000 184,000 28O>0C0
E l i g i b l e paper .
;.- —
390
4,120
74,564
8i94o
24,005 . 7,070
—
' 7,140
12,765
U»S # Govt. s e c u r i t i e s
15,524,915 1100,000 2-,4po,ooo 1200,000 1500,000 1105,000 900,000 1800,000 894,915_ 1425,000 700,000
;
"" ':• ~ ' MATURITY DISTRIBUTION OF LOANS AHE) SECURITIES'
i-
:
Total
Discounts and advances
I n d u s t r i a l loans
!U $• Govt* s e c u r i t i e s
134,560
--- 1,831
22,106,734
Within .
15 days
.16 t o
50 days
51 t o
60 days
96,099
16,571
1,511
5
4,454,208' 2,527,022
15,660
—
4,550,964
'
61 t o '
90 days
6,450
26
4,221,109
;
91 days t o
6 months
*~~
6 months5 • 1 t o 2
t o 1 year
years
—
27
2,712,022
D a l l a s SanFran,
593,399 2671,730
—
110
55
3.083,519 295,400
789,612 2C68,9C6
39.558
62,821
16,269
45.589
1,217
58,455
846,456 2215,551
105,216 201,589
761
1,558
1545,812 5088,1428
7,202
17,954
13,777
38,106
1,507
2,i4o
2,5142
5,651
i5?o,i44o 5150,239
155
157
621,518 2776,890
169,000 2050,000
10,154
500,000 1000,000
2 to 5
years
—
501
148,550
l / After d e d u c t i n g $335*21*0,00$ p a r t i c i p a t i o n s of other F e d e r a l Reserve B$nks#
l y After deducting
$2,736,00(5 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•
554
Over
5 years
—
554,54o
@FedFRASER