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BOARD OF GOVERNORS OF TIE FEDERAL RE3SRV3 SYSTEM ( R e l e a s e d f o r P u b l i c a t i o n ' F r i d a y morning:, J a n u a r y 2 i | ; n o t e a r l i e r ) H,lul J a n u a r y 2 3 , I9I47 CONDITION OF THE FEDERAL RESERVE,.BANKS D u r i n g t h e week eruied J a n u a r y ! 22., member b a n k r e s e r v e "Balances ' d e c r e a s e d $123,000,000, R e d u c t i o n s i n member b a h k r e s e r v e s a r o s e from i n c r e a s e s , . ; © f $1; 5 3 , 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 l r F e d e r a l R e s e r v e B a n k s , $ 3 5 , 0 0 0 , 0 0 0 i n n o n member d e p o s i t s a n d 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 , a n d $1±,000,000 i n T r e a s u r y c a s h , o f f s e t i n p a r t b y i n c r e a s e s o f $ 1 2 5 ; 0 0 0 , 0 0 0 i n g o l d s t o c k $nd 5 9 6 , 0 0 0 , 0 0 0 i n Reserve B a n k ' c r e d i t a n d a d e c r e a s e o f $ l i i 9 , 0 0 0 , 0 0 0 j i n : money i n c i r c u l a t i o n . - E x c e s s r e s e r v e s of member b a n k s on J a n u a r y 2 2 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 $790,000,000. * H o l d i n g s o f l o a n s , : dis.co.unjtsjand t advances decreased $5*000,000, while holdings of United States Government'~secarities increased $103*000,000. The increase in holdings of United States Government securities reflects, an increase of $235,000,000 in b i l l s and a decrease of $.131,000,000 in c e r t i f i c a t e s . Changes'Oin member bank reserve balances *and related items during the week and the year, ended January 522, I9I4.7, were as follows: Increase or decreasesince Jan. 2 2 , 191+7 Jan. Ja n . .23, 19^6 it; M7- ( In mil lion s of d o l l a r s ) U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 23,1*30 • 239 532 + 103 -' ; ^ - - :3 Total Reserve.. B^nk credit Gold stock ; Treasury currency • 2i|,201 20,692" 14,559 + + •,' i Member .bank, rjeservo\ balances; Money in circulation Treasury cash Treasury deposits-with F.Ri Banks Nonmember deposits and other F.R.accounts 16,308 28,36^ 2,295 862 1,617 «• + + + • • + ! !* ;• q£ '! 125 1 123 1U9 h 1*53 35 •! t ; +• + . * + • + + + ! 89 3D 161 279 557 17U Uh9392" 13 28ii 128 H.lul(a) STATEMENT OF CONDITION. OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since January 22, * ' I9k1 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 1 17,731,180 , .798,173 •18,529,353 363,242 238,017 • 126,004 . - securities Due from f o r e i g n b a n k s ' ; P , 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 TOTAL ASSETS 7,978; + 113,026 , + 21,613 - 534 Certificates Notes Bonds T o t a l U. S . Government s e c u r i t i e s -. ' T o t a l l o a n s and January 15* 1947 4,897 - 70 January 23 19^6 + • + + + 567,615 3,749 571,364 24,023 30,372 1,309 +2,289,975 1V072..OO8 7,249,512 355,300 755,390 * 234,618 - 131,000 23,430,210 +103,618 + 88,874 23,668,761 ' , 102 171,981 2,823,39 "1 . 32,399 ; ' • ^9>2'56 + 9,8,651 t 118,437 + 3,586 8,651 _- 1 + * 3,748 - 620,575 961 15>767 u5,643,992 + 247,102 +1,317,319 24,470,442 - 132,008 + 269,530 16,303,3 31 861,893 • 730,631 275,615 .H, 174,470 • + •+ + + + +• • 448,919 284,187 106,642 128,358 498,126 - 936,699 -1,070,900 - 195,502 344 L I A B I L I T I E S B'ederal Reserve n o t e s Deposits: 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 Deferred a v a i l a b i l i t y items O t h e r l i a b i l i t i e s i n c l u d i n g accr'ue"d : dividends TOTAL LIABILITIES C A P I T A L XiCCwUIv 2,296,937 + •' 459,997 574 + 245,274 * 321 * + 10,162 44,960,061 +1,227,974 T_S Capital paid in ' ': 138,523 Surplus (Section 7) 439,823 Surplus (Section 13b) 27,453 Other capital accounts . . 23,550 TOTAL LIABILITIES AND-CAPITAL ACCOUNTS 45,645,992 Ratio ef gold certificate reserves to deposit -and F. R. note liabilities combined k3M Contingent liability on bills purchased for foreign correspondents 7,054 Commitments to make industrial loans 3,262 122,991 452,7.30. 19.783 17,076 • 366,603 11,253 • 338 9,177 8i;46s 27 1,327 +1,317,319 + + * 1,490 + 247,102 - + 74o 106 + .5% + 7,054 + 6,675 H.lu"i(b) -STATEMENT OP-CONDITION OP THE FEDERAL RESERVE BAMS ON JANUARY 22,19U7 ( I n ' t h o u s a n d s of d o l l a r s ) A S S E T S .Total Gold c e r t i f i c a t e s Redemption fund f o r Boston New York " Phi la-, 17,731,18Q 71*7,1*11* 5,581,522 .-• - .. F. R. n . t e s 798,173 Total gold c e r t i f i c a t e reserves-" 18,529,555 other cash ' 563,2^2 "Cleve. Bonds Atlanta Chicago St.Louis-• 851,587 1195,087 1002,95© 979,671* 2858,792 Minn, Kans.Cy. 577,563 365,851 650,937 1*6,315: 21,505 55,9H D a l l a s SanFran. 1*75,139 21*67,081* ' 55,218 122,620 802,652 50,256 5,703,9l*2 65,931 60,1*31 77,199 7,2149,-512 1*89,271 l,85l*,90l* -.555^300' 23,979 90,909 -755,390- .50,31*6 192,767 59,370 1*5*901 11+5,151; 21*,895 105,856 9H,818 1272,286 1062,520 1025,575 5005,9l*6 625,878 587,136 '661*,81*8 1*98,052 2572,9^0 23,595 5l*,782 26,958 50,086 1*7,551* 2o,151 : 6,191* • 19,081 I7,0ii5 1*1,631 Discounts and advances 258,017 16,502 65,1*06 17,720 21,78*4 I n d u s t r i a l loans 53!^ 21; — 510 U. S. Govt, s e c u r i t i e s } Bills . ..." 15,072,008 880,272 3*290,793 1021,389 1559,71*2 certificates Notes . - Rich. 555,165 26,229 55,616 15,368 90l*,9l*8 10,339 26,381 15,1*86 - 16,683 9,1*55 751,1812895,806 677,1*30 1*17,909 677,525 9,111 • 13,982 535,1*67 1661,1*98 61*l*,l*5l 1*1*7,172 575,807 929,298 588,582 211,569 51*5,900 525,905 31,585 21,916 18,1*18 1*5,51*5 19/01*1* 10,360 -16,952 15,375 66,973 1*6,1*71 59,055 96,576 1*0,582 21,967" 55,91*7 55,661 705,690 3l*,l*88 73,129 iotal u. s.Gove rnment securities 23,1*50,210 11*1*1*,368 5,1*29,375 1658,599 2102,751 11*20,507 1181*, 1*61 5967,225 1125,!iS8 661,605 1076,522 906,906 21^72,305 Total loans and securities 25^668/761 11*60,691* 5",l*'9l*,779 1656,629 2l24,555;ili55,875 II9I*,800 5993,6®6 111*0,97I* -678,288 1085,777 916,017 2u86,787 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 : 1 7 1 , 9 3 1 , ' . 5,617 U n c o l l e c t e d items •• 2 , 8 2 8 , 8 9 8 186,792 Bank premises • 52,599 1,297 other assets TOTAL ASSETS ' 1*9,256 - l/55 ' 2l~ I9I, 557,690 8,1*59 8 7,157 11*8,050 5,170 9 15,26l 2i|l,990 5,850 10,975 5,035 1*,758 5,256 5 1*. . ll* 1*0,596 16/189 18,201* 282,059 21*2,005 1*08,1*61* 2,686 1,525 5,057 2,98l* 2,755 7,965 1* ' - 5'. 1* 5 9 . 9,*21|7 '5/665; 8,01*1 i*,l*8l* 19,51*8 H*l,05l* 75,215 : H*l*,510 159,018 262,515 "2,011 1,21*0 2,521 795 1,788 5,096 1,51*5 2,067 2,535 1*,7Q1 U5:61*3,992 2l*90,.550 li',866-,ooi 2753,1*68 5695,1*51 2855,21*5 2512,917 71^32,810 l'9l*oV595 1155,082-'1926,6^9 1577,'727 5589,719 l/ A f t e r d e d u c t i n g $69,000 p a r t i c i p a t i o n s #f.. othe;~ F e d e r a l Reserye^ Banks, H.l4..1(-c) L I A B I L I STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 2 2 , ( i n t h o u s a n d s of d o l l a r s ) I E S Total Boston 1-2+5-2,661 2k,U7Q,hh2 Federal Reserve notes Deposits: Member b a n k - r e s e r v e a c c t . 1 6 , 3 0 8 , 3 3 1 707;,6l+l 61,2.38 U.S.Treasurer-general acct. 86l,393 i+3 ,-657. Fo r e i g n 73°,631 Other 273*615 2,527 Total deposits , 18 ,17^-^4-70 8 1 5 , 2 6 3 D e f e r r e d a v a i l a b i l i t y i t e r a s 2 , 2 9 6 , 9 8 ? 11 T(OU j l jl xrJl. 506 Other l i a b i l i t i e s i n c l u d i n g 10,162 accrued dividends New York Phila#. Clove. Rich. Atlanta Chicago S t . L o u i s 19h7 Minn. Kans.Cy. Dallas San-Fran, 5,5*80,737 1 6 6 7 , 0 0 8 2086,1*10 1 7 ^ 3 , 6 5 1 12+16,171 2+520,^90 1 1 0 0 , 2 6 8 588,287 914,198 5 8 9 , 0 6 6 2819,2+95 5,035,779 80i|,131 1210,872 2 0 2 , 0 3 3 ' 2+5,662 r6,388 1/269,320 52^,913 63 ,01=8 189,332 2,375 10,693 5,696,1+61+ 9 0 7 , 0 8 1 1 3 6 1 , 0 0 1 573.290 1 2 3 , 2 1 9 1 8 3 , 8 9 6 2,329 52+5 931 2+11,72+2 53,377 16,9148 2,639 li3l:,706 63,582 539 770,82+6 59,935 23,728 541 855,100 131,929 '; 374 761 ,.0i4+ 2117,014.5 60,090 2+8,765 22,372 59,70i+ 688 l+5»8?7 332,869 2232,71o 131,496 225,979 31+6 U5 726,822 63,827 33,219 3,oi+5 826,913 21+7,982 1+76 750,859 2390,808 70,891 80,877 92,199 27,795 4,565 3 5 2 , 1 1 0 2568,1^4-9 2 1 5 , 3 8 2 299,52+0 iil+U 2,403 620,7^2 38,560 23,728 8,768 691,798 122,71*1 354 TOTAL LLABILITIES 2+4,960,061 21+1+6,581 1 1 , 6 5 2 , 8 2 0 2 6 9 7 , 8 5 3 3 6 3 2 , 2 3 3 2 3 1 9 , 0 2 2 2l+3l+,107 7 3 9 0 , 6 8 2 1 9 1 5 , 1 6 1 1 1 3 7 , 1 1 4 1 9 0 1 , 6 0 1 1553,81+6 ; 3 2 9 , 0 5 6 Capital paid in 17,606 11,120 65,337 11+,062+ 18,1+69 7,388 7,191 22,585 6,22? 14,135 6*249 6,902 138,523 V S u r p l u s ( l e c t i o n 7) 3 8,106 136,51+9 2200,,007766 13,663 65,0?8 16,577 10,997 15,729 13,777 332-i,720 4,720 1+1,391+ 27,557 1439,823 Surplus (Section IJb) 2,ll+0 3,012 2+,l+39 1,007 1,1+29 521 1,073 1,137 1,507 7,253 2+,l+o9 33,,332255 762 1,429 27,^55 other capital accounts 3,036 2,260 2,51+2 2,31+3 2,332 1,90 J 1,895 2,331 3,2+92 1,763 28,330 1,933 2,194 TOTAL LIABILITIES iJJD . CAPITAL ACCOUNTS h5,oli3l9992 21+90,530 . 1 1 , 8 6 6 , 0 0 1 2753,2+63 3695,2+51 2353,22+3 2 5 1 2 , 9 1 ? 7.1+82,810 191+0,395 1 1 5 5 , 0 8 2 1926,61+9 1 5 7 7 , 7 2 7 5 3 3 9 , 7 1 9 C o n t i n g e n t l i a b i l i t y on b i l l s p u r c h a s e 621 .for f o r e i g n c o r r e s p o n d e n t s ?-,05U 656 176 22+7 233 2+52 2/2,257 31*6 .239 247 959 571 : Commitments t o make i n d u s t r i a l ' 180 1 , 2 0 0 .. 1,596 loans 450 155 . 8-,262 331 4,225 75 F. ii. notes outstanding 25,366;, 92+4 1518,622+ 5 , 7 5 6 , 5 1 6 1 7 1 9 , 3 9 6 2 1 5 2 , 5 8 2 1 8 0 7 , 3 5 9 12+66,173 2+656,618 H l + 1 , 5 6 7 6 0 6 , 0 1 3 9 3 7 , 9 5 3 6 2 3 , 308 2 9 3 0 , 1 3 5 Collateral for F. ft. notes held by F. R. Agents: Gold certificates 1 0 , 3 6 3 , 0 0 0 2+55,000 Eligible paper 6,875 67,634 U. S. Govt .'•. securities 1 5 , 5 2 6 , 3 0 6 1 1 0 0 , 0 0 0 3,2+70,000 5 2 5 , 0 0 0 6 4 5 , 0 0 0 6 6 0 , 0 0 0 13,270 5,739 — 8,050 2,500,000 1200,000 1550,000 1200,000 590,000 1780,000 -— — 900,000 2900,000 300,000 10,330 951,306 139,000 13,000 1+25,000 230,000 4,300 700,000 1 6 9 , 0 0 0 1300,000 1,020 500,000 1600,000 . MATURITY DISTRIBUTION OF LOANS AND SaCURITISS Total D i s c o u n t s and a d \ a n c e s I n d u s t r i a l loans U. S- G o v t , s e c u r i t i e s 253,017 552+ 23,2+30,210 .Within 15 d a y s 83,394 2+57 5,062,2425 l6 to '30 d a y s 12,536 h 2,331,423 31 t o 60 days 123,619 5 5,353,190 6l to 90 d;cV k 13,2+63' 5 5,337,021 91 d a y s ; t o 6 months ; — 13 1,256,786 6 mopths to 1 year —9 3,009,770 J to, 2 years 2 to 5 years 7 320,2+00 12+8,350 Ovjr 5 years *1+ l/ After deducting $i|.60,997,000 participations of other Federal Reserve Banks. 2/ After deducting §2.1,797,000 participations ^f other Federal Reserve Banks. 580,01+0
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