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BOARD OF.GOVERNORS OF THE FEDERAL;RESERVE SYSTEM
(Released for Publication Friday morning, February II4.; not earlier)
H,lul
February l~$,
lykl
CONDITION OF THE FEDERAL RESERVE BANKS
During the week ended February 12 member bank reserve balances decreased
$101,000,000*. Reductions iri member bank reserves arose from'increases of
$5^9,000,000 in Treasury deposits with .Federal Reserve Banks, $76,000,000 in nonmember deposits and other Federal Reserve accounts, $51*000,000 in money in'circulation and $15,000,000 in Treasury cash, offset in part by increases of $588,GOO,,000
in Reserve Bank credit and $2,000,000 in gold stock. Excess reserves of member
banks on February 12 were estimated to be approximately $7^03000,000•
•
Holdings of loans; discounts and advances Increased $115,000,000 and of
United States Government, securities $391,000,000, The increase in holdings, of .
United States Government securities reflects increases of $285*000,000 in bills- and
$106,000,000 in certificates.
Changes in member bank reserve balances and related items during the week,
and the year ended February'12, I9U7* were as follows:
Increase or decrease'
since "*
Feb. 12,
Feb. 5,
Feb. 13,
19U7 '
« 19^7
19U6,
(In millions of dollars).
U. S. Government securitiesLoans, discounts and advances
Other Reserve Bank credit
23,803
39k
hhi
. <f
Total Reserve Bank credit
Gold stock
Treasury currency
2U,638
20,75.1
U.558
-+
Member bank- res-erve ba-lancQS .
Money in circulation
Treasury cash
•
;
Treasury deposits with F« ,R,f Banks
Nonmember deposit^ -and'other •-F.R. accounts
15,994
28,34.6
2,335
1,711
1,561
+
+
+
+
+
«K
-
. 4
+ 550
19
173
391
115.
83
+
588'
2
1
+
+
+
705
594
134
101
51
15
5l9
76
+
+
+
+
•--
301
379
34
:&?
'128
PU.l(a)
STATEMENT OF-CONDITION
OF THE TWELVE FEDERAL RESERVE BAMiCS COMBINED
(In thousands of dollars.)
Increase or decrease
since
February 12,
February 5*
19U7 .
February 13,
I9I16
A S S E T S;
Gold certificates
Redemption fund for F. R. notes
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
s e c u r j ^ j ~ —
17,779 ,175
79U.,126
-
3;
35
+
-
590 ,610
232
13,573 ,301
' 332,362
392. , 9 0 0
637
1, 733
- 26, 393:
+112+, 251
•+
h
':-
590,323
•n+ , oi+o
18 ,Ol49
1 ,112+
15,762+, 919
6,929> 281;
355,300
753, ,390
+281+, 732
+ I 0 6 , 0.00.
,. ;-
23,502, 095
-090,732
T o t a l l o a n s and s e c u r i t i e s
21+, 196,1+96
Due from f o r e i g n b a n k s
F . R. n o t e s o f 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
102
- 127 =057
2 , 3 9 9 . 312
32,316
ul+. 957
TOTAL ASSETS
,.L
+
_.
--
;
+5oU,987
i+2,-702+. 535
;
9iU,U27
- 1 ,o2+6,l+oo
193. ,502
' :'.+
550. ,206
! + '-531,02+3
-
—
r Hi, 069
'+152, 616
_.
3
, . . - • . 1 0 , -613
;+• • 2+2+6.,,380
-
1,2+88
990
17, 82+9
1+5,706, 103
£616,891
+1 ,523 =•6U5
2i+,l+05,222+
+ 22,516
250,186
•15,993,805
1,710,353
525,32+2
•2111,681
18r,6lt.2," 181
1,958,599
-101,087
-+52+3,861+
- 79,561
™H5l+,2+03
+522', 622+
+ 69,606
+ '911; 893
+ .272,837
+
+
*
L A B I L I T I E S
F e d e r a l -Reserve n o t e s
Deposits:
Member b a n k - r e s e r v e -account
U.S., T r e a s u r e r - g e n e r a l ^ a c c o u n t
Foreign
Other
Total deposits
Deferred a v a i l a b i l i t y it^ms
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 O U N T S
Capital paid i n
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 13b)
Other,capital 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 re
t o d e p o s i t and *\ R. n o t e l i a b i l i t i e s combined
M 11,332
' '.885 •-
+
+
'300,703
•82+6,813
223,992
- H.,631
1,563
1+5,017,386
+615,. 631
+ 1 ,1+36,1+81+
. 189,02+2
'A39,823
••' i 27,1+55
: 52,197
2+5,706,1+03
+
A9k
+
.+
+'
1,066
+616,891
9,077
81,1+63
' 27
5,2+11
+1 ,523,61+5
;rve§ :
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 p u r c h a s e d
for foreign correspondents^
- »
Commitments t o make i n d u s t r i a l loans
l,
7
2+3.1%
• 2%
.6%
7,063
88
+ ..
7,063
8,1.62
10
+ *
6,581
H.Ul(b)
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 12, I9I+7
( I n thousands of d o l l a r s )
Total
Boston
New York
Phila,
Cleve.
Rich.
Atlanta
Chicago .St.Louis
5,21+0,891
868,31+2 1208,629 1002,722 1005,286 3185,910
Minn. Kans.Cy.
D a l l a s SanFran.
A S S E T S
Gold c e r t i f i c a t e s
17,779,175 731,859
Redemption fund for
.
F. R. notes
79l+,i26
. 5l+,95l
121,1+10
T o t a l gold c e r t i f i c a t e
reserves ~
18,575,501
786,790
5,562,501
other cash '";
352,562
Discounts and advances
392,966
I n d u s t r i a l loans
657
U. S. Govt, s e c u r i t i e s ;
B i l s
l
15,761+,919
Certificates
6,929,281+
•"• 555,500
755,590
Notes
Bonds
581,l+2o
.'
59,955
556,261;
657,898- 1+62,555 21+99,1+19
•
76,851
59,172
1+5,605
ll+l+,657
1+6,201
21,257
55,817
928,275 1285,1+60 1061,89!+ 1050,889 5328,567
627,621
377,521
671,715
2l+,807
105,507
i+87,3U2 2601+,926
50,511
65,551+
15,697
29,578
21,113
51,027
1+6,752
16,1+95
6,918
ll+,3&+
15,1+28
1+0,1+1+7
25,617
21+
168,1+61
—
22,56?
615
1+5,919
—
27,008
—
6,85l+
—1
28,278
—
12,91+1
—
26,008
—
7,980
—
6,89!
— '
18,61+2
925,670
5,71+8,878 1080,51+0 ll+oi,95l+
905,210
757,680 2888,271+
705,956
1+12,1+12
690,71+7
51+0,626 1711,172
1+66,786
25,951+
50,751
1,777,175
91,125
195,221+
888,102 572,692 202,272
1+5,558
19,HO
10,572
96,560
1+0,521 21,992
550,557
16,959
35,918
509,905
15,890
35,695
510,895
26,196
55,51+7
615,622 1+26,925
51,1+61+ 21,890
66,717
h'6,kn
558,915
18,1+05
59,025
671,61+2
3l+,l+59
75,025
Total U..S. Government
securities"
25,802,895 11+67, ll+l
5,810,1+02 1672,976 2115,757 1598,1+1+0 H7l+,o2i 5918,1+71+ 1156,279
61+7,01+81075,961
900,116"21+90,278
T o t a l loans and
securities
"•
-2l+,196,1+96 11+90,782^ 5,978,865 1695,956 2157,676 11+25,1+1+8 1180,875 591+6,752 11I+9,220
Due from f o r e i g n banks
,
i02
F.R. n o t e s of o t h e r banks 127,057
Uncollected items
Bank premises
Other a s s e t s
TOTAL ASSETS
:
6
5,9Ql+
l/55
15~,921
-8
5,725
"9
9,1+59
.1 5
35,71+1+
1+
15,785
2,399,812
229,113
la6,687
125,515
191,519
252,971+
2ol+,893
550,955
32,316
M+,957
1,292
2,988
8,1+1+1
10,682
3,158
2,818
3,8l+l
l+,l+57
2,679
2,796
1,522
2,558
5,050
5,96l
;
ll+ '
* 1+
8,228 . 7,9^+1
675,056 1081,91+1 907,007 2508,920
5
3,951+
^
h
.! 6,059
11+8,058
58,575
11+1,188
2,007
2,890
1,257
1,21+9
2,515
2,101
,
* 5
3,51+7
9
12,812
92,231
188,296
792
1,919
1,782
l+,576
1+5,706,1+05 251+5,586 11,856,1+62 2775,150*5681,959 2802,655 21+87,555 7690,257 1951+.211+ 1122,515 1920,587 1508,319 5561,768
l / A f t e r d e d u c t i n g $69,0P0
p a r t i c i p a t i o n s o f ^ o t h e r F e d e r a l Reserve Banks.
H.l+.l(c)
L I A B I L I T I E S
STATEMENT OF' CONDITION OF THE FEDERAL-RESERVE BANKS ON FEBRUARY 1 2 , 191+7
( i n thousands of d o l l a r s )
Total
:Boston
New York
Phila.
Cleve.
Rich.
A t l a n t a - Chicago -St.Louis
Minn. Kans.Cy.
D a l l a s SanFran.
F e d e r a l Reserve n o t e s
2l+,l+05>22l+-11+1+7,976 5,556,722 1665,71+3 2089,9k5 1725,766 ll+05,l+2l+ l+52l+,8o6 1095,255 588,628
Deposits:
- " ' • < - . "
•Member bank-reserve a c c t . 15,995,805 699,576 l+,978,290 778,768 1170,565 692,91!+ 755,758 2335,71+5 611,5!+!+ 1+07,095
U.S..Treasurer-general a c c t . 1,710,855 10l+,035
-1+26,51+1 128,579 ll+0,010
66,292
82 M r 389,007
55,1+98
1+9,988
Foreign
525>8l+2r. 32,069 l_/l87,6li+
l+0,2i+8
1+6,210
2l+,3l+7
20,372
67,576
17,391
12,u22
0 t h e r
1+11,681
1+2,851+
187,691.
1,727
6,1+75
3,121
1+1,1+86
1;,772 1.6,355
2,295
912,61+7
585,220 2809,092
77l+,l+92
1+9,787
17,391
5l+,602
751,387 2057,875
1+7,081+ 171,591
16,397
1+3,805
725
39,602
Total deposits
18,61+2,181' 878,531+ 5,780,156
Deferred a v a i l a b i l i t y items 1,958,599 17l+,0l+8
502,531
Other l i a b i l i t i e s i n c l u d i n g
accrued dividends
11.882
567
5,025
TOTAL LIABILITIES
1+5,017,886 2501,125 11,61+2,261+
Capital paid in
-• 189,Ol£
.11,152
66,001+
Surplus ('Section 7)
1+39,823
27,557
136,51+9
Surplus (Section 15b)
27,1+55
3,012
• 7,253
Other c a p i t a l accounts
5 2 , 1 9 7 , - 2,5l+0
, l+,392
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
1+5,706,1+03 251+5,586 11,856,1+62
Contingent l i a b i l i t y on b i l l s purchased
for foreign correspondents
7,063
1+52
2/2,260
Commitments to - make i n d u s t r i a l
8,162
loans
F . R. n o t e s o u t s t a n d i n g
25,117,892 11+98,101+ 5,752,069
C o l l a t e r a l f o r F . R. notes
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
10,865,000 1+55,000 3,1+70,,000
E l i g i b l e paper
2l!+,711
15,150
126.,125
U. S. Govt, s e c u r i t i e s
15,581+ ,657 1100,000 2,1+00,,000
*
876,272
105,731+
815,591 2512,871
82,990 177,602
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
392,966
637
23,802,895 -
Within
15 days
339,062
566
3,1+85,1+56
91+9,522 1565,260
103,1+69 l61+,071
786,671+
257,181
880,057 2797,100
172,513 275,012
730,566
102,1+93
1+71,798
-1+3,105
697
1,081
589
1+89
2 ,li29
1+70 ? "^669
l+olt
^90
1.012
2719,231 3618,557 2768,210 21+58,1+85 7597,3kl 1928,781+ 110l+'',200 1895,117 ll+8l+,191 5500,577
ll+,l08
18,552
7,925
7,237
22,683
6,251
l+,15l+
6,29l+
7,001+
17,678
34,720
1+1,591+
20,676
18,665
65,078
16,577
10,997
15,729
13,777
38,106
h,h&9
1,007
3,325
762
1,1+29
521
-1,075
1,137
1,507
2,11+0
2,602
2,61+9
2,519
2,388
5,720
2,081
1,839
2,110
2,Ql+0
5,267
2775,150 3681,959 2802,655 21+87,533 7690,257 195l+,2ll+ 1122,515 1920,587 1508,319 5361,768
572
1,115
657
3I+6
1,596
75
290
961
2l+7
—
580
l+,225
1706,903 2139,850 1771,997 11+1+5,731 1+615,700 1132,136
177
—
2i+7
235
621
1+50
ll+8
177
603,681+
933,252
609,379 2929,057
525,000 61+5,000 660,000 590,000 1730,000 500,000 189,000
11,651
—
20,1+25
.-T8,510
22,700
1200,000 1550,000 1160,000 900,000 2900,000 -91+9,637 1+25,000
MATURITY DISTRIBUTION OF LOAivS AND SECURITIES
230,000
5,550
706,000
169,000 1350,000
7,000
500,000 1600,000
2 to 5
years
Over
5 years
19,369
il+,no'
—
52
1+
.
1+
11+
9
8
11+8,350
3,119.710
5,65l+,58l
1^,872,61+3
1,550,1+51
4,071,1+97
520,1+00
1 / A f t e r d e d u c t i n g $337,881,000 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
2 / After deducting
$h$803,000 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,
530,01+0
l6 to
30 days
31 ~t°
60 days
6l to
90 days
91 days t o .
6 months
6, months
to 1 year
1 to 2
years
20,1+25
@FedFRASER