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BOARD OF GOVERNORS OF TE3 FEDERAL RESERVE' SYSTEM (Released fpr Publication Friday morning, January 23,I9U8) H,lw.l January 22, 19^3 CONDITlM OF THEFEDERAL RESBHVB BANKS During t h e week ended January 21 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 $529,000,(k)0* Redtictionis in member; bank r e s e r v e s a r o s e from an i n c r e a s e -of $I;li9,000,,0*00 iri t r e a s u r y , d e p o s i t s with. F e d e r a l Reserve Banks and a d e c r e a s e of $3Ulf00O f 0O0 i n Reserve Bank-credit 1 , o f f s e t i n p a r t by d e c r e a s e s of $l65YO'OQ,000 i n money i n c i r c u l a t i o n , - $I|.9y000,0.00 in'n^nmember d e p o s i t s and other F e d e r a l Reserve accounts and $10,000,000 i n ' T r e a s u r y cash.and an i n c r e a s e of $39,000,000 i n gold s t o c k . Excess r e s e r v e s of member.-'banks on January 21 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 $1,070,000i000.. ' Holdings of loans:-! ^.discpUjrts ••'and advances i n c r e a s e d $5>000,000 w h i l e h o l d i n g s of United S t a t e s Government s e c u r i t i e s decreased $356,000,000. The decrease i n h o l d i n g s of United States'.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 $5li6,000,000 i n . b i l l s and $160,000,000 in c e r t i f i b a t e s and an i n c r e a s e of $351,000,000 i n bonds. Changes i n member-ibemk r e s e r v e b a l a n c e s and r e l a t e d items d u r i n g the week and t h e y e a r ended January- 21* 4 9 ^ 8 , were as f o l l o w s : I n c r e a s e or decrease since January 2 1 , I9U8 January l U , ' __1908 : January 2 2 , 19V7 ( I n m i l l i o n s of d o l l a r s ) Ui! S. Government s e c u r i t i e s ' . Loans, d i s c o u n t s arid ^dvanjces Other Reserve Bank c r e d i t 2i,5Uo/ 171' 515 - :9' *1,890 68 17 T o t a l Reserve Bank c r e d i t Gold., s t o c k Treasury currency 22,227 22,829 U.559 _ 3U1 + 39 - - -1,971* +2,137 - - Member bank r e s e r v e b a l a n c e s Money in c i r c u l a t i o n Treasury cash Treasury d e p o s i t s w i t h F.R.J Banks Nonmeiriber d e p o s i t s ' and o t h e k F . R . a c c o u n t s 17.33U 28,211 1.323 1,268 1.U78 - •1,026 - 158 - 972 + U06 - 139 +• + • - 356 '•15 529 163 10 hh9 k9 STATEMENT: OF' QvNDITION OF THE TwELVS FEDESAL RESERVE BANKS COMBINED ( I h thousands of d o l l a r s ) ; ' H,U.l(a) I n c r e a s e or d e c r e a s e since ASSETS Gold certificates Redemption fund for F#R# notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U* S, Govt, securities: Bills Certificates Notes Bonds Total Uj S,Government' securities Total loans and securities Due from foreign banks F#R# notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS January 2 1 , : 19^8 January ll*,: 191*8 -; January 2 2 , 20,895,170 692^65 21,588,133 376,?69 168(,S15 2,869 + 1*5,000 ' - i>9^3 + 1*3,057 + 25,656 + 3,650 + 1,1*1*6 :+3,li63r990 - ; 105,210 +3,058,780 + 13,027 69,702 ':+' '.2,335 10,23^,^ 6,076,355 1,497,950 3,731,m -5U6,312" -160J4OO +351,11*5 -l*,837,26l* -1,172,957 +1,11+2,650 t2,977,776 -555,567' -1,889,795 -3'50,U7;l " t '"• ''" ' " " ' ,',V . 19U7 '" • " 2x;$fa&\5 5i 21,711,599 '95 167,253 3,279,1.0*8 32,997 123,21*6 > iU,Ue6 + U8,733 * ; 5,879 -1,957,162 7 U,728 + 1*50,550 + 598 •+ 73,990 1*7,279. QUO -2141,636 +1,635,0148 .2^,278,023 -157,752 - l7,33li,l+55 1,266,02 & h2k,Jlli i88,559 19,515,55U' 2,7^13'lt' -528,935 +IiU9,110 -. 3 ^ 3 5 8 ' - 131,779 -12 5Uc2; +:b%U23' +1,026,121* + 1406,133 - 306..117 + 21)4,91^ +1,31*1,081* + I467,1U7 ,15,565^ U6,573,276 « j95o -2UUi75i- + 5,liQ3 +1,613,215 - ! -1* L I A B I L I T I E S • •• f. j, . 1 , , 1 1. • . , . . . Federal Reserve notes Deposits: Member bank-reserve a'ccount U , S « T r e a s u r e r - g e n e r a l acqbunt , 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 ; accrued dividends •;"' TOTAL LIABILITIES C A P I T A L A C C 0 U NTS' Capital paid-in 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 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 r e s e r v e s t o d e p o s i t s&rid F.R.notfei l i a b i l i t i e s 'combined Contingent l i a b i l i t y o n , b i l l s purchased for foreign correspondents Commitments t o make i n d u s t r i a l loans I96, 397 W48,189 =135 27,5143 33,635 1*7, 279,01*0 2,980 -21*1,636 + + 8,366 88 5,305 +1,635,01*8 5.9$ 1*9.395 2,951 7,200 200,1419 + it 53 52 U.103 1,06? H.U.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 2 1 , I9I+8 ( I n thousands of d o l l a r s ) ASSETS Gold c e r t i f i c a t e s Redemption fund for F. R. notes Total gold c e r t i f i c a t e ^serves 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 ; B i l l s Certificates Boston New York p-hila, Cleve. Rich. 20,895,170 731,288 6,1+90,717 692,963 55,9ll+ -.120,015 21,588,133 376,269 787/202 31+.122 168,315 2,869 7,525 - - 1+1,866 - - 13,120 1,31+6 li+,152 - - 6,086 23 lo,23++,7l+l+ 688,022 2,1+54,107 731,066 981,205 66u,686 Atlanta Chicago S t . L o u i s 941,1+1+3 1339.U66 1008,1+1+5 1058,329 I+163,976 ,6o,328 75, It 06 58,969. 1+0,517 99,803 6,610,732 1001,771 ll+li+,872 lo67,l+li+ 1098,61+6 I+263,779 6k,221 25,176 $14,631 26,513 28.59U 56,952 16,278 1,500 61^,592 U6,6l7 Minn. Kans.Cy. U50,327 761,1+32 22,.dhl , , 35/556 661,209 1+73,168 18,316: 7,949 796,:988 li;. 132 D a l l a s SanFran. 519,313 2815,8U2 26,116 51,079 5U5,U31 2866,921 16,390 1+9,273 ll+,909 13,939 4,270 20,218 7,587 8,365 513,100 iii6o,633 551,581 313,274 1+77,051 1+63,827 936,192 6,076,555 408,1+91 1,1+57,0I+8 l+3l+,ci+e 532,560 394,635 304,637 863,1+oU 335,505 185,998 283,231+ 275,382, 551,611 1,1+97,950 100,697 359,182 106,999 11+3,605 97,283 75,096 212,81+2 82,706 1+5,850 69,822 67,885 135,980 5,731,166 • 250,821+ 89l+,667 266,517 357,707 21+2,317 187,05U 550,151+ 206,009 lH+,207 173,913 169,093 338,701+ Notes Bonds T o t a l U.S..Government securities Total \ .21,51+0,1+15' 11+1+8,031+ 5,165,00!+ 1538,63.0 2065,080 1398,921 1079,887 3067,033 H75,*80i 659,329 I00I+,020 976,189 1962,1.87 21,711,599 11+55,559 5.206,879 1553,0962079,232 11+05,030 1097,665 3081,91+2 1189,71+0 663,599 102l+,238 983,776 1970,352 T o t a l loans and securitTeT Due from f o r e i g n banks F.R. n o t e s of o t h e r banks uncollected items .•dan* premises vther assets TOTAL ASSETS ^ 167,253: 6 8,396 l / 31 23",22i+ 8 -10,057 9 9,187 3,279,141+8 21+3,192 599,906 2boi798 3l6,22o 1>2^i 8,561 8,239 28,993 3,182 8,1+59 h,9Zk 11,988 52>9g7 123,21+6 5 30,505 1+ 16,81+5 305,665 '266;739 2,637 8,102 1,559 6,21+7 13 20,1+50 3 8,910 2 7.068 3 8,0l+0 ' 463,659 160,010 90,902 178,317 3,061+ 17,239 1,973 7,079 1,208 5,721 2,1+50 5.71+1 3 '6,779 8 17,792 171,3uo 282,1+1+1 797 5.661+ 1,713 11,652 1+7,279,01+0 2533,079 12,5i+2,2l6 2802,51+7 3871,073 281+5,871 2516,3U9 7907,298 2ol+7,2l+o 121+7,617 2029,909 1730,169 5200,652 l / , A f t e r d e d u c t i n g $61+,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. *i.l*.i(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 2 1 , I9/48 ( I n thousands of d o l l a r s ) New York Phila. Cleve. R i c h . A t l a n t a Chicago S t . L o u i s Total Boston 2ii,278,023 U;31,790 5,601,098 161*7.196 2096,535 1696,518 1369,081* 1*568,057 1123,1141 L I A B I L I T I E S F e d e r a l Reserve n o t e s Depositss Member b a n k - r e s e r v e ' a c c t . 17,33l*,l*55 761,1*35 U . S . T r e a s u r e r - g e n e r a l a c c t . 1,268,026 68,087 Foreign 1*21*^511* 23,038 1*88,5593,406 Other Total deposits 19,515,551* 355,968 Deferred a v a i l a b i l i t y items 2,76!*, 13l* ;2oi*,375 Other l i a b i l i t i e s i n c l u d i n g accrued dividends ..15*565 881 TOTAL LIABILITIES 1*6,573,276 21*93,011* Capital paid in 196,397 11,269 Surplus (Section 7) 1*1*8,189 28,11'7 Surplus (Section 13b) 27,51*3 3,011 Other capital accounts 33,635 2,663 TOTAL LIABILITIES AND CAPITAL ACCOUNTS. 1*7,279,01*0 2538,079 Contingent l i a b i l i t y on b i l l s purchased-; for foreign correspondents 186 2,951 Commitments to make industrial loans 7,200 F#R# notes outstanding ; 25,335,91*3 1525,050 Collateral for F.R.nctes: held by F«R.Agents: \ Gold certificates i 12,529,000 1*60,000 Eligible paper 52,102 1,805 U#S,Govt, securities 13,750,000 1100,000 Discounts and advances Industrial loans U. Sa Govt, securities Minn. Kans.Cy. 618,1*29 936,725 D a l l a s SanFran. 610,385 2579,065 860,196 2151*,396 55,381 83,671 12,396 32,11*5 38,901 1*87 928,l*6o 2309,113 165,51*1* 21*8,786 5,366,812 282,673 1/176,1*58 1*17,268 8kZ^5 129^,219 57,359 115,965 29,533 33,51*3 '• 1,751 10,936 761*, 175 78,1*1*1 17,865 l*,l6o 78l*,292 2565,273 73,055 21*3,520 lh,9h& 1+9,586 919 2,520 657,009 77,1*79 13,126 6,131 1*51,312 69,615 9,115 1,868 832,811 62,780 12,761 210 6,21*3,211 l*7l*,l*l2 931,168 ll*5U,663 166,193 253,201 861*,6^1 873,211* 2860,899 21*8,25l* 2i*3,3i*8 380,1*70 753,7u5 11*3,1*77 531,910 7'a,l6l 908,562 157,913 721 1,1*25 725 2,623 632 3,753 858 533 1,719 750-9U5 12,322,1*71* 271*5,502 3806,118 2810,271 21*86,371 7812,0i*9 2021,113 1229,033 2003,832 1705,110 5138,389 7,1*81* 18,138 68,929 ll*,l*53 18,878 8,320 7,633 23,923 6,1*39 h,33h 6,597 11*, 111 38,952 138,596 35,350 1*2,173 21,210 19,H0 66,217 16,972 11*233 l6,ll*8 1,307 2,11*0 7,319 1*,1*39 1,006 3,31*9 762 1,1*29 521 1,073 1,137 O 1 nn •~» ± it 3,033 . 1*,898 2,753 2,898 2,721 2,1*73 3.680 2,195 1,9!*!* 2,195 12,51*2,216 2802,51*7 3871,073 281*5,871 2516,31*9 7907,298 2ol*7,2l*o 121*7,617 2029,909 1730,189 5200,652 2 / 9i*l* ,. 239 272 11*5 121 U01 106 - 1,1*15 72 1*00 351 , 1*92 5.820,599 1729,51*7 2190,1*60 1760,081* 11*31,61*9 1*718,533. 1171*,118 Ik 103 .639,778 3,750 965.91*7 100 260 _ _ 11*0 61*3,068 2737,,110 .3,570,000 550,000 73J5,ooo 675,000 675,000 2750,000 315,,000 200,000 280,000 169,000 2150,,000 . 12,810 2,000 17.01*0 _ 375 5,765 1,637 - - i o ,,670 2,1*00,000 :1200,000 1500,000 1150,000 800,000 2000,000 95o,,000 1*50,000 700,000 500,000 1000,,000 ••MATURITY' DISTRIBUTION OF LOANS AND SECURITIES 2 to 5 1 to 2 61 t o 91 days t o 6 months Over Within 31 t o 16 t o Total 15 days 30 days 60 days 90 days 6 months t o 1 year years years 5 years - - 7,655 21,353 168,315' 6a„567 • 7-2,77 5 1. 9Ub -" * 16 2 27 - 11 2,869 2,806 23 3,1*1*9,026 2,165,567 3,316,1*33 198,633 21,51*0,1*15 3,809,118 1,572,1*16 3,938,978 3,090,21*1* l/ "2/ A f t e r d e d u c t i n g $2ii7,928,000 p a r t i c i p a t i o n s ^f o t h e r f e d e r a l Reserve Banks. After deducting $2,007,000 p a r t i c i p a t i o n s of o t h e r 'Federal lies'eiVe^ Banks.
@FedFRASER