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BOARD OF GOVERNORS OF THE FSDBRAL RESERVE SYSTEM
( R e l e a s e d f o r P u b l i c a t i o n F r i d a y m o r n i n g , F e b r u a r y 28? n o t
%k.l
earlier)
February 27,
I9U7
CONDITION OF THB FEDERAL RSSBRVB BANKS
D u r i n g t h e week e n d e d F e b r u a r y 2 6 , 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 $ 1 1 , 0 0 0 , 0 0 0 t A d d i t i o n s t o member 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 $ 9 ^ 3 * 0 0 0 , 0 0 0 i n T r e a s u r y c a s h and $ 1 ^ , 0 0 0 , 0 0 0 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 $ 8 7 # 0 0 0 , 0 0 0 i n k e s e r v o Bank c r e d i t , o f f s e t i n p a r t b y i n c r e a s e s of
$ 5 7 0 , 0 0 0 , 0 0 0 i n nonmember 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
$11;, 0 0 0 , 0 0 0 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 and a d e c r e a s e of
0l|ij3,000,G00 i n g o l d s t o c k * E x c e s s r e s e r v e s of member b a n k s on F e b r u a r y 2 6
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 $ 6 9 0 , 0 0 0 , 0 0 0 *
H o l d i n g s of l o a n s , d i s c o u n t s a n d a d v a n c e s i n c r e a s e d $ 5 0 , 0 0 0 , 0 0 0 and
of U n i t e d S t a t e s Government s e c u r i t i e s $ 1 2 6 , 0 0 0 , 0 0 0 #
The i n c r e a s e i n h o l d i n g s
of U n i t e d 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 0 5 ^ 0 0 0 , 0 0 0 i n
b i l l s , $ 3 8 , 0 0 0 , 0 0 0 i n n o t e s and $ 3 ^ , 0 0 0 , 0 0 0 i n c e r t i f i c a t e 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 F e b r u a r y 2 6 , 19-U7# were as f o l l o w s j
I n c r e a s e or d e c r e a s e
since
Feb, 2 6 ,
F^b„
1917
19,
Feb,
19^7
27,
19^6
(In millions of dollars)
+ 126
+ 50
- 88
+1,072
+
11
+
2
214,761
20,322
14/356
+
- hks
+ 1,031;
+
89
+ 109
15,781
+
-
11
il
+
+
226
32i|
1,581
- 9u3
-
936
1,5)42
+ ik
+ 570
U, S. Government securities
Loans, discounts and advances
Oth,;r Reserve Bank credit
2i 4 ,0Ul
Total Reserve Bank credit
Gold stock
Treasury currency
L-ember bank reserve balances
.-.oney in circulation
treasury cash
Treasury deposits with i['# R, Banks
honmember deposits and other FfR,accounts
393
3:; 5
2 8 , cityi
87
...»
+l/3ii6
+ 122
H.U.l(a)
STATEMENT OF CONDITION
OF- THE TWELVE 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
February 26,
February I 9 ,
February 27,
I9I7
19U7
:
19^6
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
Industrial loans
U. S. Govt, securities}
Bills
Certificates
Motes
Bonds
T o t a l IT. S # Government
securities
T o t a l l o a n s and
18,290,13.0
79^377
19,085,057
337,710
592,2lp
pp'p
15,67b,115
7,135,78k
2129,300
+
+
+ 1 op
securities
hdMk
+
+
+
'53,895
3);, 000
38,000
2,500,6711
5c,^-.o9
1*9,010
1+6,562,902
+
555
15,805
12, nh
595
_.,
+ 125PP5
+1,071,55U
175,71k
~-
~
i2l,2lS
+1,023,615
+ 12>51Q
+1,036,125
+2,568,883
- 560,1+27
- 9C3,Uoo
~ 195,502
102
TOTAL ASSETS
do
*
+
+
Due from f o r e i g n b a n k s
F . R. n o t e s of o t h e r b a n k s
Uncollected items
Bank p r e m i s e s
Other a s s e t s
PCI
_
753,390
P. ,oh3,589
!i87,ooo
. 1,361
2,5U7
- 200,1+60
hi
+
2,0lp
+
a 65,21,0
+ 1 . ,085,155
-
8
25,781
Zi07,U66
988
16,685
•+
+
2.,ii67,U57
L I A B I L I T I E S
Federal Reserve notes
Deposits j
Member bank - r e s e r v e a c c o u n t
U.S.Treasurer - general account
Foreign
Othe r
Total 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 i n c l u d i n g accrued
dividends
TOTAL LIABILITIES
C A P I T A L
A C C Q.U N T 3
Capital paid in
S u r p l u s ( S e c t i o n 7)
Surplus (Section ljb)
Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
R a t i o of g o l d 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 s combined
C o n t i n g e n t l i a b i l i t y on b i l l s
for foreign correspondents
Commitments t o make i n d u s t r i a l
4,310,008
15,781,157
2,57P785
283,257
752,983
TQ - 7 ]
?
]RP
+
+
+
+
11,501
13,Ii.2jL|
71,021
198,079
+ 59a,025
! 7 A r>hl
•
•12,382
>P, 862, R13
+
'•-> J / > --' -
111,667
> 1,262>
+ 1+61,611
190,708
c
180
J
27,14 55
35C-05
IP,362,902
185,701+
- , v -' ,J 7
+
+
) v r-jcr;
1,14+9
U63,21|0
m(S/o
+
225,&96
+ 1,, 5U5, 628
295,595
510,925
2736,856
+ 1;05,892
+
+
+
+
+
+
+
1,688
2 ;P 8 0 , l l i 0
10,260
'81,1*68
27
Wi58
2;,14.67,1+57
M
purchased
loans
S,8Ul
+
2914
8,189
+
122
8,81+1
6, 8I42
H.14.1(b)
STATEMENT OF CONDITION OF THE FEDERAL "RESERVE BANKS- ON"-FEBRUARY 2<$, I9U7
(In thousands of dollars)
s sa
T.
s
Total
Gold c e r t i f i c a t e s
Redemption fund
l8,2go,l80 '763,136
5,973,520
79^,877 ' 5A,822
120,935
Phi la.
Cleve.
862,515 I3l0,u67
Rich.
Atlanta
Chicago St. Louis
967,B07 9U3,3U5 313U,U07
Minn. Kans'.Cy. * Dallas SanFran.
600,216
3U4,632
612,630
A6,163
21,235
33,773
995,792 5279,855 605,379
30,060. 1+6,1+32
17,139
565,865
8,761+
646,463
12,555
u56,833 2390,592
59,770
76,670
6o,Iic6
i;5,Au7
1A5,U28
2lf,767
105,383
,,.-,
Id c e r t i f i c a t e
reserves
'
othir each
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 *
B
ills
.
Certificates
Notes
B
°nds
1 ot.al
New York
for
E. R... notes
i-!-;-" 1
Boston
19,085,057
557,710
817,958
29,102
5,999,^55
6o,khk
39 2 ,21|9
99!+
26,525
21
136,836
—
922,285 1587,157 IO48,293
21,1+1+0 29,659
22,606
19,521
973
21,572
25,1+73
6,601;
1+4,810
27,998
31,795
7,515
755,490 2.895,507
670,696
1+05,HO
631,165
15,.67^,115
926,102
3,726,311 H l l 4 , l 3 5 1569O19
911,600
7085,734
U29,500
755,590
484,998
28,Q75
50,8lt9
1,338,1+6U
109,836
192,755
143,257 372,513
26,U81 22,255
1*6,1+73 39,056
550. 1+81 658,865
31,693
38,167
55,618
66,981
921,133 355,12u 209,304 3U2,866
53,03.1 23,003
12,517
20,1+814
96,576
Uo, 373
21,966
35,9U8
u8l,6oo 21+95,975
13,834
U5,6U5
10,37U
52,c
519,565 1699,686
321,046
19,130
55,660
697,555
' 141,675
75,152
U. 3. Government
securities
Total loans and
securities
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
24,045,589 i 4 9 0 , 9 2 4
5,867,86u 1751,925 2113,430 1427,811 1189,51I1 5963,21+7 1119,206
649,150 1080,465
393,249 2512,026
24,456,832 1517,470
6,004,750 1752,1*19 2135,002 11+55,284 1196,118 4013,057 H u 7 , 2 0 4
680,925 1087,976
903,623 251+5,001+
102
121,21+8
6
2,875
l / 33
15,866
8
1+,1+1+3
9
6,650
5
28,785
4
111,909
Hj.
10,985
2,5oo,674
171,599
u75,005
144,586
244,646
214,391
I72,2'9u
lt35,69i
4
7,756
3
14,823
h
5,896
5
4,59©
9
15,638
117,674.
65,245
134,785
110,199
220,559
Bank premises
52,269
1,287
8,1+1+1
3,H|6.
5,840
2,672
1,519
3,0>+3'
2,003
1,235
2,515
792
1,776
other assets
1+9,010 ,
3,311+
il,8i6
3,043
1+,7H
2,927^
2,746
6,552
3^065
1,578
2^278
_J1£78
^,_399
TOTAL ASSETS
46,562,902 251+3,609 12,571,310 2851,375 38il,67u 2772,961 21+11,1+1+2 7795,609 19^1,252 1126,233 1892,452 1516,925 5,329,555
l/
After deducting- $69,000 participations
of other Federal Reserve Banks.
H.l+.l(c)
STATEMENT OF CONDITION OF THE FEDERAL RESERVE'BANKS ON FEBRUARY 2 6 , I9I+7
( I n thousands of d o l l a r s )
L I A B I L I T I E S
Total
Boston
Federal Ifcserve n o t e s
2l+,310,008 li+i+9,853
Deposits:
Member bank-reserve a c c t . 15,781,157 703,006
U . S . T r e a s u r e r - g e n e r a l a c c t . 2 , 3 7 1 , 7 8 5 153,685
Foreign
1+85,257
30,630
1,960
Other
732,983
Total deposits
19,371,182 889,281
Deferred a v a i l a b i l i t y items 2,176,21+1 159,292
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
12,382
709
TOTAL LIABILITIES
Capital paid in
Surplus (Section 7)
Surplus (section 13b)
Other c a p i t a l accounts
TOTAL LIABILITIES ArD
New York
Phila.
Cleve.
Rich. A t l a n t a Chicago S t . L o u i s
5,5l+5,ll+8 l662,l+5l+ 2082,53^ 1716,590 ll+01,9l+5 1+507,181 1091,1+1+5
l+,92l+,566 78!+,525 l i 6 i , 5 7 0
693,71+6 181,718 236,ll+9
1/162,321
38,1+25
1+1+iHS
61+9,768
2,214+
7 609
6,1+30,1+01 1006,-912 ild^M^
376,895 125,089 2ll+,6l5
. 3,21+9
7cO
1,176
712,ii+3
98,69!+
23..2L+5
1,933
836,015
185,020
730,1+1+3
62,1+82
19,1+50
1*35?
813,732
166,015
2309,91+0
1+39,617
61+,5l6
6,153
2820.226
370,219
591
5l+l
2,527
Minn. Kans.Cy.
587,930 910,11+2
621,057 1+03,837
69,801
50,978
16,603
11,860
6,55!+.
2,61+1
7ilj.,ci5 1+69,316
109,716
50,391+
1+90
366
757,61+6
60,693
16,603
632
835,571+
120,872
1+62
D a l l a s SanFran.
582,227 2772,559
725,006 19l+7,Ul8
66,051+ 258,168
15,655
1+1,831
956
51,176
807,671 2298,593
102,26-7 195,81+7
501
1,010
1+5,869,813 21+99,135 12,355,693 2795,215 371+7,771 2738,216 2382,233 7700,153 1915,666 1108,006 1867,050 11+92,666 5268,009
190,708
11,162
67,218
ll+,151
15,620
8,032
7*252
22,738
6,276
1+,179" 6,299
7,029
17,752
1+39,823
27,557
136,51+9
3^,720
1+1,391+
20,676
18,663
65.078
16,577
10,997
15.729
13,777
38,106
2|,l+55
3,012
7,253
k,k£>9
1,007
3.325
762
1,1+29
521
1,073
1,137
1,307
2,11+0
35,103
2,71+3
5,097
2,800
2,882
2,712
2,532
1+,211
2,212
1,983
2,237
2,ll+6
3,5l+8
1+6,562,902 251+5,609
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
8,81+1
566
Commitments t o make i n d u s t r i a l
loan
s
,8,189
—
F . R. n o t e s o u t s t a n d i n g
25,015,31+6 il+88,065
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 . •{. Agents:
Gold C e r t i f i c a t e s
10,653,000 i+55,000
E l i g i b l e paper
216,825
13,090
U. S. Govt, s e c u r i t i e s
15,327,623 1100,000
CAPITAL ACCOUNTS
12,57.1,810 2851,375 3811,671+ 2772,961 21+11,1+1^2 7793,609 191+1,252 1126,238 1892,1+52 1516,925 5329,555
,•
'2/2,829
716
822
1+33
362
1,202
310
221
310
292
778
—
1,238
1,596
73
—
330
l+,225
5,709,302 1703,715 2133,571+ 1762,657 ll+LJ+,212 1+595,976 1131,031
—
602,1+97
1+50
—
177
931,565 608,331 290l+,l+21
3,1+70,000 525,000 61+5,000 625,000
9k,710
8,01+5
—19,015
2,1+00,000 1200,000 1500..0O0 1160,000
l3l+,000
28,500
1+25,000
280,000
2,900
700,000
590,000 1710,000
,,
—
—
900,000 2900,000
300,0-00
23,385
91+2,623
169,000 1700,000
—
21,330
500,000 1600,000
MATURITY PICT 31. BUT ION OF L0..R-S A I'D SECURITIES
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
392,21+9
99^
2l+,Ol+3,589
Within
15 days
21+8,870
921
k, 162,755
16 t o
31 to
6l t o
91 days t o
6 months
l.to 2
2 to 5
30 days
oO days
90 days
6 months
to I year
years
years
28,ll+l+
lll+,520
715
||
^
5
'
ll+
. •
6
.
8
32
2,1+22,266
5,692,675
A+,838,675
1,550,1+31
l+,327.997
32u,l+00
ll+8,350
1/ A f t e r d e d u c t i n g $322,582,000 p a r t i c i p a t i o n s of o t h o r Federal .ieservo Banks.
2 / After deducting
$6,012,000 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 deserve Banks.
Over
5 years
530,01+0
@FedFRASER