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.'{ ..
BOAKq GF^GOTERNORS OF THE FEDERAL RESERVE SYSTEM^
.(Released for P u b l i c a t i o n F r i d a y . m o r n i n g ,
February 7; not
H«l|e 1
earlier)
F e b r u a r y 6-> 19^7
CpHjDITION OF THE FEDERAL RESERVE BANKS
I -'•••
* "
j :'-
wi
i
""*
;:'
During; t t e - w e e l c e n d e d ! ' F e b r u a r y } 5 number b a n k r e s e r v e b a l a n c e s d e c r e a s e d ,
$29,0Q0,QD0 # : ; f t e d u b ^ i o n s i n ^ : m ^ ] ^ e r % a n f c Reserves, a r o s e from d e c r e a s e s of
$i;6h,006>;DOd;^^
i n g o l d s t o c k ' . a n d an i-ijc^ease,
of $ 3 0 , 0 0 0 , 0 0 0 - i n : m^ney-.in © i | r c u l a t i o n , , j>ff£et i n p a r t b y d e c r e a s e s of $3TiiJ-QQQ/000
i n T r e a s u r y d e p o s i t s . . w i t h Fedferal R e s e r v e B a n k s , $ l l | 8 , 0 0 0 , 0 0 0 ' i n
rionmember*dep'os'its
a n d . o t h e r F e d e r a l ; R e s e r v e accbunt-s a n d $ j ? , 0 0 0 , 0 0 0 i n T r e a s u r y c a s h # E x c e s s
r e s e r v e s "of m'einber/feaiik.s on.. JSebruiany <$•w&re . 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
$ 7 3 0 , 0 0 0 , 0 0 0 - . "•• ;"• '-i-.i "•• ; v;|- : ::.:;'
.
j
.
;•.
; ••••'*
' ••-^
. }.
i.
; H o l d i n g s bf l o a n s , j d i s o o u n t s atad "advances d e c r e a s e d $ 3 9 * 0 0 0 , 0 0 0 ; i n d of;
' ^ U n i t e d S t a t e s Goyerhment s e c u r i t i e s $ 4 5 ^ 0 0 0 * 0 0 0 *
The d e 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 ' " G d f e r n m e n t s e c u r i t i e s ; r e f ] | e c t s d e c r e a s e s : of $ 3 5 7 * 0 0 0 , 0 0 0 i n n o t e s
and $9h ,000-i-OOO .in b i l l s , ; f } ; - ' / ' 'r ' \ •"
••
, :
.•• - >
Changes in .member b a n k r e s e r v e b a l a n c e s &nd 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 !>/ I9k7*. wetfe .as f o l l o w s : /
! ' ..
I n c r e a s e or jdecredse
since?
Feb.. 5 ,
19^7
Je u ' - 2 9 , .
I9ii7
F e b . 6,
19^6
(In millions of dollars)
U. S* Government securities!
Loans, discounts and advances
Other Reservve^ B,ar^i credit' I -•'
• •
•'<
.-T!
T o t a l R e s e r v e Banli c r e d i t
Gold, s t o c k '
I
Treasury currency!
—
::
'.
]
I
"
! ; "'.-;. --"
I
;
;
i-
I
f
]
""
Member b a n k r e s e r v e b a l a n c e s : •
; .:..
Money i n c i r c u l a t i o n
;
;
T r e a s u r y cash-"-' , : ;...
]••• .. \,
i
T r e a s u r y dPp&sits.; w i t h F« S . - B a n k s . . '.. [
N o n m e m b e r ; d e p o s i t s and o t h e r F ^ R . a c c o u n t s
23,lil2
279
358
2k,050
20.7U9
It, 559
+ ..•
-
1,U85;
185
12
36
2k
- m
59
+ £10
+ i 592
1U6
+
16,095
28,295
2,320
1,1-62
U51
39
+
29 •.
30
5
- 37U
- ' lh8"
+ •
+)
378
366
, lit;1M
257
K.U.I(a)
"STATEMENT OP.CCUDITION
OF THE TWELVE FEDERAL. RESERVE BAI^KS COMBINED
("In-thousands of d o l l a r s )
I n c r e a s e or decrease
since:
F e b r u a r y 5,
A S S E T S
19U7 -,
:
Gold certificates
Redemption fund for F,R. notes
Total gold certificate reserves
17,779,178
". 795,861
. -
16,575,039
553,755
278,715
655
+
- 9^,031
- 356,728
Bonds
Total U.S. Gove rnine n t
securities
I5,u80,187
6,823,281;
• 555,500
755,590
23,1; 12,161
450,759
T o t a l l o a n s and
23,691,509
- ;ii88,868
Other cash
Discounts and advances
industrial loans
II, S. Govt, securities:
Bills
Certificates
Notes
securities
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
F e b r u a r y 6,
lQi;6
January 2g,
i9V7'"'
•;
\
TOTAL ASSETS
:
50,000
1,859
+
+
.
590,615
,:l,u56
51,659'
lit, 108
58,179
, 70
•••+
+
592>0l9
9,556
—
+2,5kh,7ko
-1,116,927
-i,o!i9,iioo- 195,502
184,911
«.«.
102
10,500
1,129
+
173,U82
_
-
8
10,916
517,151
969
lUj-126
-2,.21*7,196
32,316
•
•h3,h(9
• . 26,li|2
- 157,959
27
- . 9,Q9ii • ••
-
U"5,089,512
- 7148,05?
+1 ,063,559
2li/382,708
- .
6,552
+
16,091^892
1,161,989
- 605J403
257,273
13,119,557
1/833,993
- 28,628
« 575,529
- 73.-5U2
- 8^,635
+
+
+
- 17,086
L I A B I L I T I E S
Federal Reserve notes
Deposits j •
Member b a n k - r e s e r v e a c c o u n t
U.S.Treasurer - general account
Foreign
Other
Total deposits
D e f e r r e d a v a i l a b i l i t y ItemsOther l i a b i l i t i e s i n c l u d i n g accrueddividends
TOTAL LIABILITIES : ;
C A P I T A L
A 6 C 0 U 1 T S
Caoital paid in
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 c a p i t a l accounts
TOTAL LIABILITIES AID 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.-bill-si 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 l o a n s
.
255/238
378,1924
14; 5,762
. - 222,785
-
1140,860
- 560,55*4
*. 182,3liU
+
+
1460,311
281,277
-
+
7114
+
975,5140
.
10/997
i^,Uo2,255
138,81*8
U39,823
27,1455
3.1-131
ter089r5i2
li3-7%
- •-. 6,975
3,172
353
- 7ii9.565
+
•264
•
—
+
1,2U2
.. - 7148,057 .
+ • .9,063
+
61,1468+
27
; 2,559
H r J ,"063,-539
.%
...
+
+•
592
+
-
' 72
+
+:
. .7$
r
6,975
•6,566
H. i*. 1(b)
'«4
••:
••; '
|
:
, ,•
;
STATEMENT- OF CONDITIO! OF THE FEDERAL RESERVE BANKS ON -FEBRUARY 5, I9I4.7
;'
( I n thousands of d o l l a r s ) i
,<
ASSETS
Gold c e r t i f i c a t e s
Total
Boston
17,779,178
736,772
Redemption fund f o r
F. R. notes'
T o t a l gold c e r t i f i c a t e
reseTTeT
other cash
.'
5,i+56,309
' 121,761+
"
791,781+
30,758
5,578,073
&9,2o2
Discounts and advances
278,715
I n d u s t r i a l loans
655
U. S. Govt, s e c u r i t i e s ;
Bills
15,1480,187
20,1+17
2I4
70,121
—
6,823,281+
••• 355,300
753,390
Atlanta
Chicago St.Louis.
986,0511007,14382967,761
595,561+
Minn. Kans.Cy,.
357,093' ^ 8 ; ? 1 5
60,079
D a l l a s SanFran.
;
it6i>796 2U97,oi*3
\
76,931
59,7811
i+5,-635
11411,821;;;' 146,235
21,273
-33^81+3
214,831
105,603
'•
18,575,039
358,755
Certificates
Notes •
Bonds
Rich.,
:;
<'
55,012
Cleve.
81+6,163 1218,873
.
795;86l.
'
: New York •.•• ;Phila.-
906,21,2 1295,8014 10145,832 1053,123 3112,585
19,728
33,9cl+
22,193
30,079
50,277
18,035
609
3h,30h
896,756
5,579,083 10714,1+55 1381,026
1+59,3UU
23,919
-50,718
1,751,1+33 502,859
91,200. 26,185
193,331+
55,523
T o t a l U, S. Government
22,183
893,566
7,151+
32,503.
71+8,985 2373,175
603,1+21+ l+2o,22i 353,321+
31,1+21 21,882
13,393
66,627 ! 1+6,398 - 39,.012
87l+,i+67
1+5,535
96,55k
.':'••.
61+1,799
18,639
9>u51
378,366
7,087
28,208.
682,158 1486,627 2602,61+6
16,876
17,1+55 1+2,1+97
13,331
6,591
16,567
69)4,855
1+27,1+55
701,200
51+2,393 1662,238
367,1+30
19,133
1+0,569
199,2.60
10,376
22,001
325,213
16,93!+
35,908
305,271
15,896
33,707
661,038
3l+,l+21
72,989
.' .
securftieT
23,1+12,161 li+30,737
5,615,100 1659,022 208'2,i+9'8 '1337,067 1159,719 3889,731 1121,987 ^ 659;, 092 1079,255
897',267 21+30,686
T o t a l loans and
securities'
23,691,509.11+51,178
5,685,221 1677*7-6 21l6j802 -11+09,250 1166,873.3922,231+ 1131,1+38, 687,300 1092,586
903,658 2141+7,253,,
Due from f o r e i g n banks
102 '
6
F . R. n o t e s of o t h e r banks ll+l,126' ' l+,273
Uncollected items
Bank premises
Other a s s e t s
2,21+7,196:175,627
32,316
1+3,1+69
1,292
2,873
l/33
1^,938
-: 8 ;
1+^96'
'1+30,033
ll+0:,300
8,1+1+1
10,073
3,158
2,712
9 !
5
- 1+
\
Ik
9,83l+ ' l+2-,l+38 - 1 3 , 0 2 - 7 . d1,922
I9l+,32i; 188,360
3,81+1
1+,317
2,6,9
2,663
k
; 7,283
3
l+,9'33 •
155,115
368,810
iOi+,727
53,11+6
1,522
2,1+71
3,050
5,766
'2,007
2,87l+
1,237
1,207
h
5*1&6
117,066
2,515.
2,029
7
£
ai'rii
a
^ ^
ijt
-Ltyu-y
TOTAL ASSETS
1X
^
oi^'^o
°?'~£
, ' ^"T
t+,%>i
1+5,089,512 21+57,796 11,800,061+ 275k, 160 3659,592 271^1+25 21+22',211+ 7l+7l+,658 1908*,771' 1135,279.1918,680 '1501,1+89 531+5,581+
l/. After deducting $69,000.participations of other-^ Federal Reserve Banks.
STATEMENT OF CONDITION OF THE FEDEI&L RESERVE BAMS ON FEBRUARY 5 , 191+7
( I n thousands of d o l l a r s )
H.l+.l(c)
Total
' Boston
2^,382^708
Federal Re serve n o t e s
Deposits:
••
'
Member b a n k - r e s e r v e a c c t . l6,09l+,892
U.S.Treasurer-general acct.,1,161,989
Foreign
- 605,1+03
Other
257,273
Total deposits
18,119,557
D e f e r r e d . ' a v a i l a b i l i t y items ,1,888,993
Other l i a b i l i t i e s i n c l u d i n g
accrued.^ividends
10,997
11+50,753
L I A B I L I T I E S
New York
Phila,
Cleve,
Hich.
Atlanta
Chicago S t . L o u i s
587,277
915,768
Dallas SanFran.
586,875 2800,521
609,615 1+08,855
5l+*657
60,729
20,237
ll+,l+55
7,661+
5,17!+
692,173 i+87,211
93>9k9
!+0,5i+2
792,150
62,656
20,237
1,528
876,571
102,891
71+2,986 2073,629
50,593 108 ,1+38
50,927
19,081
788
1+1,51+5
813,1+1+8 2274,559
76,?2+3 208,552
5,555,716.1660,595 2077,599 1732,516 11+10,1+60 ^510,207 1096,825
. 700^921+ 5,019,01+1 788,700 1199,9^2
'56*51+9
29l+,3l+8
77,779
90,962
: 37,271+ ' 1 / 2 1 1 , 9 1 0
1+6,835
53,773
2,597
177,199
2,31+8
10,822
.. 797,11+1+ 5,702,1+98 '915,662 1555,519
l61+,863
325,296 ' 121,665 162,026
:
887.
2,663
6ll+
977
695,71+1
61,951
28,332
3,091
789,115
156,862
752,727 '2550,56!+
75,176 168,151
23,706
78,636
1,61+2
5,275
855,2512582,626
ll+9,072 286,732
5I+6
1+28
Minn, Kans.Cy.
2,388
1+37 .•
379
1+20
360
398
TOTAL LIABILITIES
44,402,255 ^ 4 1 3 , 6 4 ? 11,586,173 '2698,334 3595,921 2679,039 2393,211 7381,953 1883,381; 1115,209 1893,^+50 11+77,1+21+ 5281+,510
6,290
17,668
Capital p a i d , i n
"l+,ll+8
6,971
7,919
7,231
22,670
6,^48
188,81+8 " l l , 1 3 7
65,964
14,092
18,510
58,106
15,777
Surplus ( S e c t i o n 7)
* ;
439,823
27,557
136,549
34,720
hi,39k
20,676
18,663
65,078
16,577
15,729
10>997
Surplus ( S e c t i o n 13^} ;
2,11+0
1,507
1,157
27, 455'
• 3.012
7,253
4,489
1,007
3,325
762
1,1x29
.521
l>075
1,852
Other c a p i t a l accounts
2,010
3,160
2,071;
4,125
2,525
2,560
2,1+66
2,347
3,528
2,Ola
31,131 : 2,1*1+3
:
y
TOTAL LIABILITIES MD
CAPITAL ACCOUNTS
\ 45,089,512 ,21+57,796 11,800,061;-2754,160 3659,392 2713,425 21+22,214 71+74,658 1908,771 1155,279 1918,680 1501.1+39 5545,581+
Contingent l i a b i l i t y on. . b i l l s purchased
fox* f o r e i g n correspondent s , ; 6 , 9 7 5 I1I+6
2/2,232.
565
61+9
342
286
949
2hh
2I4I+
250
6ll+
171+
Commitments t o make i n d u s t r i a l
,
'
*
loans {
—
180
ll+8
1+50
, .• 8,172 .
—— " 1,117
1,596
75
—
381
l+,225
F. R. n o t e s o u t s t a n d i n g
25,166,655 1505,828 5,734,617:1704,01+1 2139,067 1789,296 1448,352 4622,881 1134,271 6oi*,02l+ 955,501 611,1+58 2959,519
C o l l a t e r a l f o r F* H. n o t e s
h e l d by F. d* Agents:,
Gold c e r t i f i c a t e s
10,888,000 455,000 3,470,000 525,000 61-5,000 660,000 -590,000 1755,000 300,000 189,000 280,000 169,000 1850,000
Eligible paper
2l+,900
8,700
—
•106,049' 11,95027,785
7,369
—
15,600
—
—
4,320
1,925
U» S. Govt, s e c u r i t i e s
1 5 , 3 7 7 , 6 6 1 1100,000 .2,400,000 1200,600 1550,000 1160,600 900,000 2900,000 942,661 I+25,000 700,000 500,000 1600,000
,- ';
MATURITY DISTRIBUTION 0F..L0AES AND SECURITIES
V
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
••
'"'.
; .'
Within
Total
15 days
278,715 :
157,lii+6
635
561
25,1+12,161
3,l+61+,l+l+3
"" '
""
"
' '
• '"'
•
'"••"
""" '
' •
' "'»•••'"•
•
• " •
. 1 1
. !•
2 to 5
1 to 2
16 t o
31 „to
6l„.to
91 days t o
6 mo nths
30 days
60 days v, §0 clays
- 6 months
to 1 year
years
years
i
:108,550
25,iih
9,575"
•'
- -—
' ' '
52
—
5
5
ll+
7
9
,1+97
520,1+00
11+8,550
2,958,153
5,655,033
-l+,769,8ii+ ••:
l,55O,i0l
5,965
l / A f t e r d e d u c t i n g $393,178*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 Barks.
"2*/After deducting
$1+,743,000 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 r e s e r v e Banks*
Over
5 years
580,01+0
@FedFRASER