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BOARD OF GOVERNORS -OP THE FEDERAL REoERVS SYSTEM (Released for P u b l i c a t i o n F r i d a y morning, January 17; not F h 1 earlier) January 15, iOlf? CONDITION OF TNS'FEDERAL RESERVE BANKS D u r i n g t h e week ended J a n u a r y 15 member bank r e s e r v e b a l a n c e s d e c r e a s e d $26,000,000, R e d u c t i o n s I n member b a n k r e s e r v e s a r o s e from a d e c r e a s e of $ 2 7 0 , 0 0 0 , 0 0 0 . i n R e s e r v e Bank c r e d i t a n d i n c r e a s e s of $ 1 0 , 0 0 0 , 0 0 0 i n T r e a s u r y c a s h , $ 8 , 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^i^erve Banks and $ 2 , 0 0 0 , 0 0 0 i n n o n member 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 , o f f s e t i n p a r t b y a d e c r e a s e of $ 2 5 0 , 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 $ 3 6 , 0 0 0 , 0 0 0 i n s o l d •stock* E x c e s s r e s e r v e s of member banKs on J a n u a r y 15 w e r e 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 : $8lj0, 0 0 0 , 0 0 0 . .of H o l d i n g s of l o a n s , d i s c o u n t s and a d v a n c e s d e c r e a s e d S i t , 0 0 0 , 0 0 0 a n d / U n i t e d St A t e s Government, s e c u r i t i e s &1*06,000,000 # 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 / s e o u r i t i c s r e f l e c t s d e c r e a s e s of $ 2 9 2 , 0 0 0 , 0 0 0 i n b i l l s and $11].;,000,000 i n certificates. Changes in. member b a n k r e s e r v e b a l a n c e s a n d r e l a t e d items-' d u r i n g t h e week ind t h e y e a r e n d e d J a n u a r y 1 5 , 'itykl, v;ere a s f o l l o w s i Increase or decrease since Jan. 15, Jan* 8, J mi, ( I n m i l l i o n s , of U, 8 , Government s e c u r i t i e s L o a n s , d i s c o u n t s and a d v a n c e s O t h e r R e s e r v e Bank c r e d i t 23,327 T o t a l R e s e r v e Bank Gold s t o c k Treasury currency 2U,i05 20,567 li,5So credit 555 Member b a n k r e s e r v e b a l a n c e s I6,li3l Money i n c i r c u l a t i o n 28,518 2,201 Treasury cash T r e a s u r y d e p o s i t s w i t h F f R. Banks kQ9 llonmerriber d e p o s i t s and o t h e r P # R # a c c o u n t s 1,582 16, 19U6 19U1 dollars) - ko6 h •f liiO + «. 270 36 l + + •f * » + •f + 26 230 10 8 2 + + • + + + - HO 32 111 33 Ii56 183 286 399 ?os 137 180 B,l*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 deer •ease since January 15, 19I4.7 Jemuary 8, 19U7" ; January 16, 19U6 + + A S S E T S Gold certificates Redemption fund for P. R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S, Govt, securities: Bills Certificates Notes Bonds Total U. S. Goveriiment securities Total loans and securities Due from foreign banks I\R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 17,605,176 806,151 18,1*11,327 311,629 2ii2,9lii 60it + + 39,998 7,098 32,900 + + + 14*1,611 •9,770 U5i,38i 27,639 32,9714 1,222 + 37,565 U,053 75 - 291,91*5 1 Hi ,000 +2 ,337,2oii - 1 ,1149,399 - 1 ,10l|,l|00 193,502 23,326,592 - Uo5,9^5 110,097 23,570,110 102 175,567 2,820,2U7 32,1*00 1*5,508 - 1^09,923 ll*, 837,390 7,380,512 355,300 753,390 _.._ - + + 1,511 557,1*96 + + 1,1*78 1*5,396,890 + 221,027 + 887,5144 2it,6io,U5o - 183,116 + 267,500 25,Uoi 7,765 63,109 6L7U6 16,273 lilS,il|6 + 286, II43 136,967 121*, 808 161*, 8 59 + 133,^3 + ,39l4,55li + 73,3)45 8 8I9 505,561 978 16,887 L I A B I L I T I E S Federal Reserve notes Deposits j Member bank - reserve account U«S„Treasurer-general account Foreign Other"' Total deoosits 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 L i L p JLT U - 2,285,73U + 10,736 1*1*, 71)4,787 + + 679 219,1436 187,985 lt39,823 27, it 55 26,81*0 li5,396,890 + 365 + + 4- 2,278 797,775 ACCOUNTS C a p i t a l paid i n Surplus ( S e c t i o n 7) Surplus ( S e c t i o n IJb) Other 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. R# note 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 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 16,1431,322 1*09,163 710,81*3 256,539 17,807,867 loans ).<£ li33 7,79k 8,156 4- + 4* + + 1,226 221,027 + .3% 9,ll48 81,2*68 27 871; 887,5lil4 .7*' 18 4- 75 4. 1,19k 6,262 H. n. i(fe) STATEMENT OF CONDITION OP THE FEDERAL RESERVE BANKS ON JANUARY 15, I947 (In thousands of dollars) A S S E T S Gold certificates F. R. notes Total gold c e r t i f i c a t e reserves Other cash Discounts and advances Industrial loans U.S. Govt, securities; Bills Certificates Notes Bonds Total U. S. Government securities Total Boston New York 17,605,176 753,181 5,479,974 806,151' 55,315 123,013 18,411,327 808,ii96 341,629' 29,252 242,914 22,101 604 27 5,602,987 60,698 84,265 — 14,037,390 7,380,512 355,300 753,390 3,291,564 1025,922 1358,005 889,578 1,886,686 5U5.099 657,070 455,457 90,826 26,2 U 1 31,632 21,926 192,590 55,61|2 67,073 46,492 876,432 493,471 23,997 50,883 Phila. Cleve. Rich. 825,621 1169,843 1003,117 Atlanta Chicago St.Louis Dallas SanFran. 575,622 356,198 617,878 151,290 16,355 21,323 33,9l±0 886,224 12 4 7,l62 1063,211 994,518 3040,300 24,077 27,046 27,613 30,479 it2,9l6 14,534 26,698 9,839 7,397 27,064 577 621,977 18,739 9,953 377,521 6,381 12,413 — 651,318 19,110 7,176 494,86a 2622,249 16,777 38,5Ul 6,255 14,412 753,2U8 2767,575 676,544 332,710 946,151 395,077 18,424 45,548 19,019 39,067 96,582 40,329 402,993 215,092 10,354 21,956 660,206 352,258 16,958 35,953 524,969 1600,354 329,630 716,803 15,868 34,507 33,648 73,170 60,603 77,319 60,094 91*8,508 2889,010 Minn. Kans.Cy. 46,010 469,939 2516,285 24,925 105,964 23,326,592 1449,783 5,461,666 1652,904 2113,780 liU3,453 Il93,u57 3855,856 1132,969 650,395 1065,380 904,115 2 U 32,834 23,570,110 1471,911 Due from foreign banks- ' log 6 F.R.notes of other banks 175,567 6,497 Uncollected items 2,820,2l»7 218,058 Bank p r e s s e s 32,ii00 1,297 Other assets 45,508 2,938 5,545,931 1668,015 2140,478 1423,292 1200,854 3883,720 1142,927 l / 33 8 9 5 4 Hi 4 26,227 7,112 13,060 41,817 17,076 19,045 8,585 590,335 154,287 281, V79 221,76? 180,547 479*762 11*2,022 8,459 3,170 3,850 2,686 1,526 3,057 2,011 10,877 2,813 4,3H 2,777 2,654 6,1^8 3,026 : 662,808 1072,558 3 4 5,5lf0 9i365 74,08? 135,291 l,2l;0 2,521 1,192 1,978 910,370 2447,246 3 9 4,7H 16,532 101,987 2 4 0,623 795 1,788 2,161 4,633 Total loans and securities TOTxlL ASSETS 45,396,890 2538,455 11,845,547 27^5,706 3717,395 2783,170 2 4 27,658 7474,962 1939,291 1128,772 1892,645 1531,663 5371,621 l/ After deducting $69,000 p a r t i c i p a t i o n s ef other Federal Reserve Banks. B.l4-l(c) L I A B I L I T I E S Federal Reserve notes STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 1 5 , 191+7 (In" thousands of d o l l a r s ) Total l.Iinn. Kans.Cy. Dallas SanFran. 21+,610,1+50 ll+6o,975 5,608,773 1676,639 2097,908 1752,83l+ H+25,352 1+539*526 1106,771 588,901 915,699 593,956 281+3,116 Deposits: 'Member b a n k - r e s e r v e a c c t . 16,1+31,322 U . S . T r e a s u r e r - g e n e r a l a c c t . 1+09,163 Foreign 710,81+3 Other 256,539 Total d e p o s i t s 17,307,867 Deferred" a v a i l a b i l i t y items 2 3 5 , 7 3 1 + Other l i a b i l i t i e s i n c l u d i n g accrued dividends " 10,736 TOTAL L I A B I L I T I E S Boston New York Phila. Clove. Rich. Atlanta Chicago S t . L o u i s 751,193 5,086,81+1+ 796,018 1219,398 738,572 767,9^2 231+1,076 625,1+H i+ 2 3,899 787,621+ 777,750 2115,51+5 27, 1+85 9l+,227 '23,01+8 1+0,695 36,831 .20,309 52,1+78 20,330 18,1+29 21,1+65 21,695 32,171 1+1+, 851 1/^36,81+2 56,1+21+ 6U,73l+ 3u,133 28,561 9l+,737 21+,361. 17,1+15 2i+,381 22,938 61,3U6 8,1462 2,669 1+12 5i+0 1+8,652 3,229 168,362 - 2 , 1 2 6 11,780 5,9l+2 l,9o0 l+,l+05 826,758 5,586,275 877,616 1336,657 813,1+78 818,822 2,1+92,696 676,581+ 1+62,1+12 833,882 822,973 2257,711+ 206, l 6 l 1+3*+, 629 135,516 2 l 8 , 9 u 7 182,0140 15l+,390 31+3,1+26 128,1+63 59,267 117,776 90,51+9 209,561+ 61+1 3,017 506 8I9 720 379 2,1-70 362 269 365 368 820 U+,7ll+,787 2l+9l+,535 11,6327691+ 2690,277 365I+,33^^71+9,078~2l9979i+3~7383Tl 18 l 9 l i i 7 l 8 T l l l 0 , 8 l l 9 ~ l 3 6 7 , 7 2 2 T 5 0 7 , 8 l + 6 53Ti,2ll+ Capital paid i n 167,9-85 11,117 65,870 ll+,018 18,iiii6 7,860 7,167 22,51+6 6,2ll+ 1+,136 6,226 surplus (Section 7) surplus (section 13b) 1+39,823 27,1+55 27,557 3,012. 136,51+9 7,253 3l+,72o 'l+,l+89 1; 1,39k 1,007 20,676 3,325 18,663 762 65,078 1,1+29 16,577 521 10,99?' 15,72o 1,073 1,137 Other c a p i t a l a c c o u n t s 26,61+0 2,25^ 5,101 2,2p2 2,217 2,251 2,123 2,791 1,799 1,717 1,651 6,892 17,1+93 13,777 1,507 30,106 2,11+0 1,61+6 2,668 TOTAL LIABILITIES AND -1(5,396,890 2530,1+55 11,81+5,51+7 271+5,706 3717,395 2783,170 21+27,658 7l+7i+,962 1939,291 1123,772 Contingent l i a b i l i t y or; 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 7,79i+ 1+99 2/2,1+91+ 631 725 382 319 l,0o0 273 195 Coiraiitrierrcs t o -make i n d u s t r i a l loans 8,156 1,133 1,596 36' 381 i+,225 . F. R. notes o u t s t a n d i n g 25,5oi+,30!+ 1525,05a 5,800,1+68 1725,715 2176,535 1613,211+ ll+7l+, 816 1+676,213 lll+7/609 607,328. C o l l a t e r a l f o r F . R. n o t e s held by F. R. Agents: Gold c e r t i f i c a t e s 10,073,000 1+55,000 3,1+70,000 550,000 61+5,000 660,000 590,000 1720,000 300,000 169,000 E l i g i b l e paper 63,650 13,365 29,785 3,1+78 3,050 — — 5,180 9,000 U. S. Govt, s e c u r i t i e s 1 5 , 6 2 6 , 8 1 8 1100,000 2,500,000 1200,000 1550,000 1200,000 900,000 3000,000 951,318 1+25,000 MATURITY DISTRIBUTION OF L0..FS ,--.IvD SECURITIES CAFITAL .ACCOUNTS Total Within 15 days Discounts and advances Industrial loans 21+2,9II+ 6o[, 81,922 523 IT. s. Govt, securities 23,326,592 3,281,333 16 t o J,0 days 31 t o 60 cays ' 6l- to 90 days 2l+,952 — 118,190 1+ 17,850 5 l+,oiL.,82o 5,297,670 5,303,1+23 91 days to 6 months 1892,61+5 1551,666 5371,621 273 257 680 1+50 9^+0,867 155 180 628,871 2960,081+ 280,000 2,^00 700,000 169,000 1850,000 2,1+00 500,000 1600,000 6 months to 1 y e a r 1 to 2 years U+ 12 7 3k 1,530,266 3,01+5,270 320,1+00 11+8,350 l / .-.fter d e d u c t i n g $1+7 3, 680,000* p a r t i c i p a t i o n s of o t h e r F a da r.a T- Re : . rve Ranks. "2/ After ae-^'ct-ng $5,300,000 p a r t i c i p a t i o n s of ox her Fedora 1 :.a,~...rvo -ariks . 2 to 5 ye^rs Over 5 , r°> 580,01+0
@FedFRASER