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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, February 6, 19U8) February 5• 19U8 HwU.l •CONDITION OF THE FEDERAL RESERVE BANKS •During t h e week ended February'4*, member bant: r e s e r v e b a l a n c e s dec r e a s e d $221,000,000* Reductions i n member bank r e s e r v e s a r o s e from a decrease of-$1,U83,600,000 i n Reserve Bank c r e d i t and i n c r e a s e s of $38,000,000 i n money i n c i r c u l a t i o n .and $£3,000,000 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 d e c r e a s e s of $23,000,000 i n Treasury cash, and H^^CDOjpiOOin Treasury d e p o s i t s vdth F e d e r a l Reserve Banks and i n c r e a s e s of $1*0,000,000 i n g o l d stock and $2,000,000 i n Treasury cur~" r e n c y . Excess r e s e r v e s of member banks on February* h 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 $8U0,000,000* Holdings of l o a n s , d i s c o u n t s and advances d e c r e a s e d $)jl,000,000, and United 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,U6U,000,000* The d e c r e a s e in- 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 d e c r e a s e s of! $1,613,000,000 i n c e r t i f i c a t e s and $1^10,000,000 i n b i l l s and i n c r e a s e s of $538,000,000 i n bonds and $21,000,000' i n n o t e s * Changes^in 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 and t h e year ended February hi 19U8, were as f o l l o w s : ' Increase, o r decrease since February U, 19U8 January 28,I9J48 February 5 , 19U7 is of d o l l a r s ) *1,U6U Ul + 22 ,-2,889 37 + 53 ..21,175 -22,93U U , 560 -1,1183 + ko + 2 -2,875 +2,185 + 1 Member binK Reserve b a l a n c e s 17,QSU Money i n c i r c u l a t i o n 28,12L Treasury cash 1,309 616 Treasury d e p o s i t s with F» R* Banks Nonmember d e p o s i t s &nd othe^r F*R*- accounts 1,536 - -221 + 38 2.3 -1,329 + 93 + 989 - 171 -1,011. U* S* Government s e c u r i t i e s Loans, d i s c o u n t s and advances Other Reserve Bank c r e d i t 20,523 Total, Reserve Bank c r e d i t Gold, stock Treasury., c u r r e n c y 2U2 hll - 5U6, + 51 STATEMENT OF CONDITION FEDERAL R6oE^E BANKS COMBINED ( I n thousands of d o l l a r s ) OF THE TJELTO H.lul(a) I n c r e a s e or 1decrease since February 4 , 19U8 January 2 8 , 19U8 •21,008,170 • 691,631 21,699,801 571,553 21+0,111 1,989 + +• "+ February 5, 191+7 ASS E I S Gold certificates Redemption fund for F« R*;'n6te|;s " 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 u securities -—— T o t a l loans a n d ' s e c u r i t i e s Due from f o r e i g n "banks B. '&• n o t . s of o t h e r banks U n c o l l e c t e d items Bank premises * ,/ Other a s s e t s •" - 1+09,900 -1,612,872 + 20,750 + '538', 190 -5,-885,766 -2,536,201 +1,208,200 +4,324,399 20,522,793 -1,1463,832 -2,889,368 -; 20,761+, 893, -l,50l+,797 -2,926,616 95 137,21+5 2,636,630 32,917133,276 i 1+5,776,1+10 L I A B H ' I I » 9,59i+,li21 4,287,063 1,563,500 5,077,789" - TOTAL ASSETS " 1 1* ' »'. ••> I"E • • " • •'" • 1 —— . • - + 7 . 3,881 . 589,1+34 601 89,807 -1,629,293 + 686,898 11,000 *, 234,623 -2243,615 ' + -i',528,576 «P* .989,415 -'51+5,898 99,750 211,230 " 554,997 337,223 - 39,623 135,221 1+9 1+,183 • + ,. + s; ;" • >'"»i - f e d e r a l Reserve n o t e s ' 2i+, 11+8,085 Deposits: Member bank - r e s e r v e account .. 17,084,507 U . S „ T r e a s u r e r - g e n e r a l account 616,091 Foreign •505,655 Other ;u68iS03 Total deposits ifi&W&h Deferred a v a i l a b i l i t y items 2,226,216 Other l i a b i l i t i e s i n c l u d i n g accrued dividends ll+,8l8 TOLaL LIABILITIES 1+5,063,673 , "' ' C A P I I A L .A C C P':tf N' T S Capital paid i n 197,010 Surplus ( S e c t i o n 7} 4l+a,ia9 Surplus ( o e c t i o n T3t>) ' 27,51+3 Other c a p i t a l a c c o u n t s . -'39,995 TOTAL LIABILITIES AID CAPITAL ACCOUKTS 1+5,776,410 .Ratio of gold c e r t i f i c a t e r e s e r v e s to d e p o s i t and -FiR. note ••5<V7# l i a b i l i t i e s combined ' " . ' Contingent l i a b i l l i t y on b i l l s purchased 1+,011 for f o r e i g n c o r r e s p o n d e n t s Commitments t o make i n d u s t r i a l l o a n s ' 7,010 +3,228,992 43,000 - 10l+,230 51+9 +3,121+, 762 '+3,549 + 12,798 8,969 38,604 - ... 1+0,953 + 1,556 12 + 99,878 13,533 -1,462,^1+6'" -• 157,189 + + 1,1+38 -1,632,1+73 + + + ; 3,821 661,1+18 ./' + 109 — r: • + •*" 3,071 rf>629#293 560. 30 + + + + + «• - 8,162 8,366 88 8,861+ 686,898 2,961+ 1,162 K.J+.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY ]+, I9I18 ( I n thou-sands 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 21,008,170^ 795,180 for F. k. notes Total gold Boston 691,631 • 55,756., New York*" F h i l a . Cleve. Rich. Atlanta Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s SanFran. 6,1+1+0,855 '1002,393 1362,292 1019,002 1060,121 1+198,508 6oi,68i+ 1+30,028 77l+,ol+3 1+95,693 2828,371 119,366 ; 6o,;Q55 75,175 59,707 1+0,11+1 99,582 1+6,553 22,819 '35,509 26,070 50,900 certificate ZfiEnB. other cash 21,699,801 1850,936 371,553 ! 36,ol+7 d i s c o u n t s and advances industrial,loans U. S. Govt, s e c u r i t i e s : ^il}^fFl:l"rCertificates z / ~CndS • ,, Total U.S.*Government '.'• securities' !£ijLi^i2i 21+0,111. j ll+, 595 1,989 ' — • 9,594,1+21 6l+l+,976 l+,287,083 288,195 1,563,500 105,105 5,077,789 31+1,349 j '-.., ! 20,522^793 1379,625 95 16,077 1,316 20,1+08 139 18,828 51 18,133 1+83 22,01+9 — 20,559 — 5,320 — 16,^97 -- 11,686 -- 293,67!+ 131,223 1+7,857 155,1+26 15,068 — 'f .-1+1+7,206 199,825 72,876 256,681 2,301,866 1,027,966 374,899 1,217,562 685,326 306,226 111,681 562.707 \ 919,817 1+11,002 149,893 486.808 623,102 278,1+20 101,540 3gQ r 77? 1+80,999 2ll+,92l+ 78,383 PRli^R 156!+,551 609,143 222,155 721.1+93 529,756 236,703 86,325 280,560 1+50,915 194,287 70,856 2^0.120 872,255 389,169 141,930 460.QL6 Ii,922,293 l"li65,940 1967,520 1332,831+ 1028,871 2917,51+2 1133,121+ 628,1:80 956,588 926,1781864,298 6 l / j l F.K notes of other banks Uncollected.items 137,21+5 ' 6 , 3 4 l 2,636,630 205,276 Bank premises , otner assets i 153,'276 " 60,791 — 809,552 521,763 2879,271 13,021+ 16,933 1+7,680 .20,76^,893 1 3 ^ , 2 2 0 -W983,084 li+83,333 1988,067 1351,715 l c , ! t f , W 2959,591 1155,683 .633:,500 9 7 ^ 5 6 ^ 9 ^ 2 * 7 7 5 1875,981+ Due from f o r e i g n banks TOTiiL ASSETS 6,560,221 1062*1+1+6 11+37,1+67 1078,709 1100,262 i+298,090 61+8,237 1+52,81+7 63,705 22^537 59,156 25,705 25,272 56,958 18,027 8,509 32,917- 1,236 9 5 U 21,621 ' 5,761 ' 6',l+27 31,125 1+95,238 ;185,06l 239,992 -211,708 11,790 175,617 r 8,221 8,972 8 -3,176 31,271 * 9*138 - l+,925 2,630 15,1-32 " 8,716 - 13 3 2 15,368- 5.916 1+29,684 129,551 5si01 66,205 1,555 3,056 1,968; 6,881 ! 19,662 7,749 =1,206 4,059 3 3 8 7*089- «5,720 150,825 103,928 ll+,986 21+3,545 2,1+1+1+ 5,968, 793 1,707 6,C9l+ 12,231+ 1+5,776,140 2505,031+ 12,163,392 2771,460 3729,175 2708,311 2368,868 7761,622 1965,134 1171,1+29 1960,561 1598,009 5075,1+15 2/-*After;.ded\rctin-g $ 6 ^ 0 0 0 p a r t i c i p a t i o n s of othetf Federal-; Reserve Banks HJi.l(o) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 4 , 1948 ( I n thousands of d o l l a r s ) New York Phila. Cleve. Rich. A t l a n t a Chicago S%,Louis Minn. Kans.Cy. D a l l a s SanFran. Total Boston 616,829 935,820 605,699 2540,518 2 4 , 1 4 8 , 0 8 5 1,432,872 5,567,977 1,640,464 2089,815 1680,898 1564,154 4556*466 1116,593 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 a c c t . 17,O8I4., 307- 762,931 5,254,187 43,710 120,523 U . S . T r e a s u r e r - g e n e r a l a c c t . 6.16,091 2 7 , 8 3 9 1/205,769 Foreign -505,655 3,417 595,939 Other It 68,505 Total deposits 18,674,554 837,897 5,976,418 Deferred a v a i l a b i l i t y items 2 , 2 2 6 , 2 1 6 185,949" 594.255 Other l i a b i l i t i e s i n c l u d i n g ' ~ 14,818 - 858* -• 3,425 accrued d i v i d e n d s TOTAL LIABILITIES Capital paid i n Surplus ( S e c t i o n 7) Surplus ( S e c t i o n 13b) Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND 840,490 1268,821 44,512 54,027 35,705 40,553 1,731 11,952 922,438 1375,355 150,170 196,616 861 1,771 740,268 46,813 21,599 5,665 812,545 178,221 807 752,216 2614,959 54,692 93,589 18,073 59,949 1,126 1,954 806,107 2770,451 167,618 536,119 651 2,359 658,076 429,124 41,112 38,555 11,020 15,869 5,721 2,549 720,778 481,248 100,616 53,860 676 823,128 27,381 15,428 1,452 867,589 150,571 692 597 827,296 2112,851 29,353 41,824 14,987 58,862 524 38,475 872,160 2251,992 93,970 238,455 710 1,451 4 5 , 0 6 5 , 6 7 5 2 4 5 7 , 5 7 6 11,942,073 2713,935 5665,555 2672,269 2538,490 7665,555 1958,663 1152,629 1934,177 1572,539 5 0 l 2 , 4 l 4 7,546 6,624 18,462 11,288 8,344 197,010 18,898 7,669 4,533 14,475 68,979 25,945 6,449 66,217 19,110 58,952 16,148 14,111 21,210 28,117 11,233 448,18^ 42,173 55,350 138,596 16,972 762 2,140 1,429 1,507 27,543 5,011 1,073 1,'137 1,006 5,549 4,489 7,519 521 4,676 59,995 2,837 3*042 2 , 1 6 1 2 , 5 0 6 5,545 5,139 5,215 2 ; 4 7 5 6,425 3,447 2,529 CAPITAL ACCOUNTS 4 5 , 7 7 6 , 4 1 0 2503,054 12,165,592 2771,460 5729,175 2708,511 2368,868 7761,622 1965,134 1171,429 1960,561 1598,009 5075,415 Contingent l i a b i l i t y on b i l l s purchased 546 for f o r e i g n c o r r e s p o n d e n t s 4,011 2/1,285 325 369 197 140 136 355 144 165 100 253 1 ommitments t o make i n d u s t r i a l loans 4oo 351 5807,010 501 1,208 SO 5,750 - 140 F.R. n o t e s o u t s t a n d i n g 2 5 , 1 4 6 , 7 6 4 1516,056 5^788,166.1718,210 2175,966 1756,859 1412,508 4685,166 1164,967 655,642 959,790 656,056 2719,418 C o l l a t e r a l f o r F . R. n o t e :3 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 12,279,000 440,000 5,570,000 550,000 755,000 625,000 675,000 2720,000 515,000 200,000 280,000 169,000 2000,000 E l i g i b l e ' paper 2,050 - - 15,850 10,490 - 175 17,915 6,2.92 - 12,419 71,546 6,-355 U.S.Govt, s e c u r i t i e s 15,700,000 1100,000 2 , 4 0 0 , 0 0 0 1200,000 1500,000 1150,000 750,000 2000,'po'o 950,000 ' 450,000 7 0 0 , 0 0 0 500,000 1000,000 MATURITY DISTRIBUTION OF LO.ANS AND SECURITIES 91 days t o 6 months 2 to 5 Over l-to 2 W i t h i n ,.. . ;;l6 t o 51 t o 61 t o Total 15 days 50 days 60 days 90 days 6 months t o 1 year years years 5 years _ _ _ _ Discounts and advances - 7,222 54,861 81,269 240,111 96,702 45 14 i n d u s t r i a l loans • 21 21 23 11 25 58 55 1,989 1,779 U.S. Govt, s e c u r i t i e s _ _ 3,552,476 2,172,667 409,929 4 , 4 5 1 , 7 6 0 1,951,551 5,59^,512 2,550,572 20,522,793 2,259,546 l / After d e d u c t i n g $299,71^1,000 p a r t i c i p a t i o n s of other F e d e r a l Reserve Banks* 2 / After deducting $2,728,000 p a r t i c i p a t i o n s of other F e d e r a l Reserve Banks.
@FedFRASER