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BOARD • OF: pOVERNORS OF .THE FEDEltivL.RESERVE SYSTEM
(Released for P u b l i c a t i o n x F r i d a y morning,
January'16,I9&8)
H.ii.l
January 15, I9I18
CONDITION OF -THE FEDERAL RESERVE BANKS
During*'the week endeii January II4., 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
$360,000,000, A d d i t i o n s to. member bank r e s e r v e s - a r o s e from i n c r e a s e s of
$21*8,000,000; inJ-Reserve* Bank c r e d i t and $26,000^,660 i n gold s t o c k and d e c r e a s e s of
$28U, 000,00Q{ i n - - m o n e y - i ^ ' c i r c u l a t i o n , $7,000,000 in Treasury cash ;and $51,000,0^0
i n nonmemhefc'.deposits a^id o t h e r . F e d e r a l Reserve*accounts, o f f s e t i n p a r t by an
i n c r e a s e oT-$257^000/000 i n T r e a s u r y d e p o s i t s wit]] F e d e r a l Reserve Banks. Excess
r e s e r v e s of member,banks on< January llr were e s t i m a t e d t o be approximately
$1,5/40, ooo,ooof
Holdings o f - l o a n s , ' d i s c o u n t s and advances i n c r e a s e d $1,000,000 and of
United S t a t e a Government s e c u r i t i e s $213*000,000, The i n c r e a s e in h o l d i n g s , o f
United 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 $313*000,000 i n bonds and
$29,000,000 in n o t e s « i d d e c r e a s e s ..of $116,0,00,000 i n b i l l s and $lU,000,000 i n c e r tificates.
Changes i n member. bank reserve, balance 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 January lli, I9I4.8, were as f o l l o w s :
I n c r e a s e or -decrease
since
January lii,
I9I18.
January 7*
I9U8
•
January 1 5 ,
>;ll9t|7:;S./
( I n m i l l i o n s of d o l l a r s )
U. S. Government s e c u r i t i e s
Loans, d i s c o u n t s and advUhces
Other Reserve Bank c r e d i t
21,896
;
166
506
Total Reserve E)ank 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
Morey i n c i r c u l a t i o n
Treasury c a s h
Treasury d e p o s i t s w i t h F # R. Banks
Nonmember d e p o s i t s and o t h e r F # R # accounts
.+
3k
-1 ,hm
..78
-v ' 29
22,366
•22,79f0
'14,559
+
+
21*8
-1 ,537
28
1
+2 ,223
1
17,863
28,371*
1,333
819
1,527
-f
360
-
26Ji
+1 ,U32
- ihh
- 958
+
•+.
-
+
•
213
l
7
257
51
-
+
-
Uio
55
STATEMENT. OF" CONDITIONOF'THE T^EXVE:FEDERAL RESERVE Bs#KS COMBINED
( I n thousands of d o l l a r s )
H.U.l(a)
I n c r e a s e or decrease
since
January ll;,
19U8
January 7 ,
19U8
January 15,
19U7
• i*o,ooo
+ '39t'8iiO
+ 1*7,266
+ 1.352
5
+3,21*l*,99l*
- .lll ; >21*5
+3*133,71*9
+
8,981*
- ! 7.8,21:9
+•
•; 819
10,781,056
6,236,955
1.1*97,950
3,380,021
-115,779
- 13,750
+ 29,000
+3:13,069 ..
-i*. 05.6,331*
-1,11*3., 557
+1,11*2,650
+2j,626:,631
:
ASSETS
Gold c e r t i f i c a t e s
Redemption fund f o r *F# R<# notes 1
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
I n d u s t r i a l loans
U. S# Govt, s e c u r i t i e s :
Bills
Certificates
Hptes
Bonds
T o t a l U.S« Government ;
securities
[
20,850,170
' 69^,906
21,5^5,076
350,61:5
16*4,665
1,1*23
21.895.982
+212,51|0'
T o t a l loans and s e c u r i t i e s
Due from f o r e i g n banks :
F#R# note*, of! ouher banks
U n c o l l e c t e d items
Bank premises
Other a s s e t s
22,062,070
95
161,739
3,250,715
' 33 - 001
117;367 -
+215,887
- + 15,713
+1*1*7,979
- ~
+ h,62Q
-1,508,01*0
7
+
6,172
+ 1*10,1*68
+
601
*
71,859
1*7,520,676
+769,305
+2,123,786
2U,1*35.805
-215,14*8
-
17,863,390
816,916
ii56 5 372
502,356
I9,61*l,bl6i
+560,635
+256.717
- 2B//66
- 21,617+566,969
+1,1*32,068
+ 1*09,753
- 2 5 *,l*7l
2-,72ii,7H i
i
.16,1*95
U6,:8:18,027 ;
+1*13,465
TOTAL ASSETS
-. ;'
160
' \
<"
-1,1*30,610
L I A B I L I T I E S
F e d e r a l Reserve n o t e s
Deposits 3
Meribsr b a n k - r e serve account
U,£f;Treasurer-general account.
Foreign
Other
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 ac6rued
dividends
\
TOTAL LIABILITIES
C A P I T AL A-'C fr;p U N TS
#
C a p i t a l paid i n
Surplus ( S e c t i o n 7)
Surplus (^sct-icn I J b )
Othsr c a p i t a l accounts ,
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
R a t i o of gold 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 0 R e n o t e
l i a b i l i t i e s combined
,
Contingent l i a b i l i t y on b i l l s purchased
for foreign correspondents
Commitments t o make i n d u s t r i a l loans
.196,262
1^8,189'
'27,5.1*3 i
' 30.655
1*7,520,676;
2]
+%3M.
+1,333,11*9
+ ' 1*38,977
5,759
+•
+2,103,21*0
„
. .. : ' '
+
1*1*2 ' +
8,277
- +;
8,366
.". - +
88
+;. 2 , 9 6 8 , ,. + :
3,815
+2,123,786
+769,5.05
+
909
+765,895
U8»9j5
2,^98
7,lU8
*
171*, 61*5
W.
223
52
5,296
1,008
H.U.l(b)
STATEMENT OF CONDITION OF TIE FEDERAL RESERVE BANKS ON JANUARY 11;, 1948
( I n thousands of d o l l a r s )
A S S E T S
Gold c e r t i f i c a t e s
Redemption fund f o r
F. R. n o t e s
Total ppld c e r t i f i c a t e
reserves
o t h e r cash
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 :
Bills
certificates
Notes
Bonds
Total
Boston
20,850,170
746,742
694,906
56,006
21,51+5,076
350,613
164,665
1,423
802,748
32,1+88
15,028
10,781,056
6,236,955
1,497,950
3,380..o2i
724.746
419,274
100,697
227,219
New York
Phila,
Gleve,
Rich. , A t l a n t a
Chicago S t , L o u i s
Minn* Kans.Cy.
D a l l a s SanFran.
6,1+99,187
966,677 1355,300 1013,276 1,057,H+2 4099,883 595,751 424,154 757,945 1+98,318 2835,795
..
l 2 p , 4 4 6 ; - ! 60,489 , 75,551
59,655
40,1+22
99,91+5
46,649;, -22,865
35,582
26,11+8
51,150
:-:
6,619,633 1027,166 i 4 3 0 , 8 5 l 1072,931 1097,564 4199,828 61+2,400 1+1+7,017 793,527 52I+,1+66 2386,91+5
59,6°2
22,852
28,827 2 5 , 4 1 5
27,727
54,526
l5,84o
8,851
12,652
15,796 4 5 ; 9 4 7
57,408
ll,22o
16,459
7,099
10,468
12,899
10,289
4,52o
7,543
4,247
7,435
1,401
2 2 - - - -
2,R85,103
1,495,509
359*182
8ior468
770,089 1033,579
445,505 597,937
106,999 143,608
241.435 -324,o43
700,165
403,053
97,283
219,512
540,487
312,6,7
75,096
I69;i+5i:
1538,258
8136,196
212,842
480,260
574,543 329,997
344,361 190,908
82,706
45,850
186,621,105,459
502.516
290,710
69,822
157.546
483,135
282,653
67,885
153,179
998,438
566.172
135,980
306,828
T o t a l U.S.Government
securitieT
- '
21,893,932'1471,936
5,250,262 1564,028 2099,167 1422,013 1097,711,3117,556 1188,231
670,214 1020,594
986,852 2007,418
Total loans and
securities
c
'•
- , , . - , .
2 £ , 0 6 2 , 0 7 0 1486,964 5,307,670 1576,649 2115,626 1429,134 1108,179 3130,455 1198,520
674,734 1028,137
991,099 2014,903
w
Due from f o r e i g n banks -*'•'."
,95
" ' 6
F . R . n o t e s of o t h e r banks
• 181/7.39
7,876
Uncollected items
' 3 , 2 3 0 . 7 1 5 282,648
Bank premises
3'v-00i
1,241
other a s s e t s
. l i ; ^ 6 7 "w "7,94o
TOTAL A S S E T S
1/ 31
a
28",827
10.386
652,041 196,419
8,259
3,182
-28 ? 153 ~\ 7r,.92i
9
9,836
324,279
4,938
]fi,203
5
4
28,067
19,874
257,146 215,721
2,637
1,559
7,771'
5,927
13
21,466
508,090
3,o64
16,268
3
9,987
151,4ol+
1,973
6,819
2 - ^ 3
8,316 10,164
8 7 , 0 7 1 ' 169,648
1,208
2,450
3,483
5,531
3
6,969
137,715
797
5,277
8
19,971
348,533
1,713
11,092
r £7,520,67^6 262l',.9il 1 2 , 7 . O 4 . , 2 6 S 2844,583 3925,569 2323,106 2476,555 7933,710 2Q26,946 1230,682 2022,112 1682,122 5229,112
l / A f t e r deduciJin^ $64,'000 p a r t i c i p a t i o n s of -other FederalReserve Banks'].
H.l+,l(c)
L l"A B : L I T I E 3
STATEMENT OF CONDITION CF THE FEDERAL'•<y-?-::'-'FrABKS ON JANUARY li+, 19I+8
(In thousands of dollars)
T v t a l ^ Boston
New York
Phila.
Cleve.
Rich. A t l a n t a .Chicago S t . L o u i s
21+,l+55,805li+l+o,61+l 5,635,253 1657,1+07 2112,225 1710,329 137^,659 1+589,^26 1129,78!+
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 . 1 7 , 3 6 3 , 5 9 0
U . S . T r e a s u r e r - g e n e r a l a c c t . 818,916
Foreign
1+56,572"
Other
502,338
Total deposits
19,61+1,016
Deferred a v a i l a b i l i t y , items 2,72l+,7ll
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
16,1+95
TOTAL LIABILITIES
1+6,-818,027
C a p i t a l paid i n .
196,262
Surplus ( S e c t i o n ; 7 )
1+1+8,189
Surplus ( S e c t i o n ! 1 3 b )
27i5l+3
Other c a p i t a l accounts
30*655
807,14+7 5,610,51+8
127,101+
52,-69-i
25,794 1/200,155
2,1+57 " 426,554
886i389 6,561+, 161
21+9*01+6
1+81,713
872,565 1550,990 77l+,966
67,267
51,711
84,174
18,1+53
50,505
54,647
5,655
1,705
11,685
956,1+81+ 11+81, 494 866,31+1
172,866 265,573 210,087
797,81+7 261+2,562
1+6,1+68 119,744
15,441
51,218
1,012
2,570
860,768 2815,8914
210,551 1+30,860
668,675
1+2,891
13,558
5,208
730,332
11+0,01+8
Minn. Kans.Cy.
622,212 91+3,131
D a l l a s SanFran.
613.900 2606,858
449.535
861,185 2182,767
1+1+, 630
80,527
12,801+
33,201
871+
1+0,99U
919,493 2557,1489
125,119 221,211
52,11+0
9.U15
2,676
513,766
75,695
844,303
149,569
13,181
1,552
908,1+05
143,942
988
765
2,71^8
818
525
700
675
1,516
905
4,173
1.039
1,61+5
2576,981 12,1+85^280 2787,796 3860,937 2787,71+5 21+1+6,71+1 7858,928 2000,98? 1212,198 1996,178 1657,187 5167,071+
•11,266
68,91+5
14,428
18,857
8,299
7,621
25,90!+
6,1+33
l+,330
6,578
7,1+79
18,121+
66,217
11,255
16,11+8
ll+.lll
19,110
16,972
38,952
55,350 1+2,173 21,210
138,596
28,117
762
1,429
521
1,307
2,11+0
1,137
3.011
1,006
1,073
7,319
3,31*9
4,489
2,321
3,232
2,038
1,81+8
2,071
2,038
2,822
2,536
.4, 130
2,520
2,596
2,503
TOTAL LIABILITIES AND~
;
CAPITAL ACCOUNTS ' ,
l+7,52o,676 2621,911 i2,70l+,268 2e!+lj,583 3925,569 2825,106 21+76,555 7933,710 2o26,9t+6 1250,682 2022,112 1682,122 5229,112
Contingent l i a b i l i t y on b i l l s purchased
2 / 799
202
250
for f o r e i g n c o r r e s p o n d e n t s
2,1+98
157
88
85
220
122
102
65
90
34o
Commitments t o make i n d u s t r i a l loans7,11+8
580
3,750
- II4O
l+oo .
351
75
1+57
1,1+15
F. R, n o t e s o u t s t a n d i n g : 25,5ll+,72l+ 1550,620 5.885,795 1757,111+ 2212,807 1783,5914 11+514,277 4743,284. 1178,627 61+1,961 967,259 652,601 271+8,785
C o l l a t e r a l for F . R, n o t e s
h e l d b y F.R.A'gents: •"
Gold c e r t i f i c a t e s
12,569,000 1+60,000 3,570,000 550,000 735,000 675^000 675,000 2790,000 515,000 200,000 230,000 169,000 2150,000
2,500
3,1140
7,380
E l i g i b l e paper
61+, 025
9,958
31.302
4,715
- 375
4,675'
700,000 500,000 1000,000
1+50,000
950,000
U.SiGovt. s e c u r i t i e s
13,750,000 1100,000 2,1+00,000 1200,000 1500,000 1150,000 800,000 2000,000
MATURITY DISTRIBUTION OF LOANS AND SECURITIES
1 to 2
Over
6 months
2 to 5
61 t o
Within
16 t o
51 t o
91 days to
5
years
y
e
a
r
s
90
days
t
o
1
year
50
days
15
days
years
60 days
" T otal
6 months
20
Discounts and advances
.80,818
464,665
9.215
7,931+
. .50, 5i42
16,15811
2
I n d u s t r i a l loans
1
26
1,560
1,1+25
U.S. Govt, s e c u r i t i e s
5,1489,801
2,1+65,966
2,251,992
198,633 2,965.288
21,895,982
5,151,9214
5,617,857
5,754,521
l/ After deducting $256,088,000 participations of other Federal Reserve Banks,
2 / After deducting
$1,699,000 participations of other Federal Reserve Banks,
@FedFRASER