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BOARD OF G O V f i R K a ^ C F ^ ^ "(Released for P u b l i c a t i o n Ffida'y corning,..,Janfia'ry 9, I9U8) January 8 , I9U8 CONDITION Of1, THE FEDERAL RESSRV3 BANKS .During t h e week ended January % "member bank r e s e r v e b a l a n c e s decreased $396#000,00O # Reductions v in member, bank^efceTj-ves arose, frorr a d e c r e a s e of $861,000,000 i n He^erye /BaVik c r e d i t ; and' i n c r e a s e s . of $1^,000,000 i n T r e a s u r y cash and $5h,000>006 i n • jioniQember^ d e p o s i t s and o t h e r F e d e r a l Reserve a c c o u n t s , o f f s e t i n p a r t by d e c r e a s e s of $3Q8V.OO:0,00(0 in Treasury d e p o s i t s wit-*i F e d e r a l Reserve Banks and $205,000;000 i n money i n ^ c i r c u l a t i o n and by i n c r e a s e s of $8/000,000 i n gold s t o c k and $2,000,000 i n T r e a s u r y currency* E;<cess r e s e r v e s of member banks on January 7 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 $1,090,000,0C0« lioldlhgs, of l o a n s , d i s c o u n t s . a n d advances i n c r e a s e d $79*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 d e ; r e a $ e d / $876,000,000* The d e c r e a s e ' i n 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 r e f l e c t s - d e c r e a s e s of $5U6,000;000 i n c e r t i f i c a t e s ,$537,000,000 i n b i l l s and $8,000,000. in n o t e s > n d an i n c r e a s e : of $2li|,000 f QO.O i n bonds,* Changes i n member bank r e s e r v e b a l a n c e s and r e l a t e d items during the week and the year ended January' 7 / I 9 a 8 , were a? f e l l o w s : Increase.- o r deojrease " s in ce January 7? December $1, Januarys 8, ( 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 Loarig/; d i s c punts and advances Other Reserve * Bank c r e d i t 21,683 1J65 U'72 T o t a l Reserve Bank c r e d i t Sold s t o c k Treasury currency 22,520 22,5:62 U,5.60 Member bank r e s e r v e b a l a n c e s ' 17,503 Money i n ci^rculationj 28,658 T r e a s u r y cash l»5Uo T r e a s u r y d e p o s i t s w i t h ,Ff R* Banks * , .562 Nonmember d e p o s i t s and other F r R p a c c o u n t s 1,578 - .- 876s + 19 < _, 63, 861 + "• 8 + 2 _ + + 396: 205 k 308 5h '.- 7' + 2,050 " e* 77 ^ 2>o"55 2,231 \1 + + - l,oU6 90 9U1 + 161 *» 2 STi-.TEi.'-JHT 0? ;^[DITICII-^ OF THE TTiELVE; r2D£h^L:Ii":-;5g;-.V3 E^'KS-'fcor.ILIK^D( I n thousands of.'. <jollars)•' Increase or decrease since "ir*:^ January 7 , December 31. lvUO' • Januarv 8, 19U7. 19U7 A.S S S T SGeld certificates * Redemption fund for F. R;. notes Total fold certificate, reserves Other cash • ' > Discounts and advances Industrial loans U. 3, Govt, securities: . Bills Certificates Notes Bonds Total U,3,Government securities 20,610,170 695,066 21,505,236 -'"303,3^7 163,313 : 1,1*28 7,939 + 7,939 + 30,716 + 77,883 U'l 10,896,835 6,250,7.05 1.U66.950 5,066,952 -536,575. -5U5.80O - 7', 600" +21U.083 21.683.UU2 -875,892 -2,oU9,095 Total loans and securities Due from f o r e i g n banks • P'.h. n o t e s of o t h e r banks U n c o l l e c t e d i terns • Bank premises > Other u s s e t s 21.8U8.183 95 . 166,026 ; 2,782,736 ' 33,001 • 112,7U7 U6., 751,371 -797,963 •+. 3,78U -202,263 6 - 2.U9Q -960,263. :-2,131,850 7 8,030 -:+ -519,985 "+ 601 : +___ 63,717 : +1,575,508 2UV651.253 . -169,181 - . 1U2,313 17,;502,755 •562,199 U85,138 523,955 19.07U.0U7 2,3il,2U6 -396,616 -307,832 ;-». 93,289 •- U5.U78 -138,517 •• +l,oU6,032 + 160,801 - . 162,596 * 205,6/0 ' +1,2U9,907 + UU3.658 15,586 U6,052,132 + 700 -963,555 • + 5.529 . +1-, 556,781 195,820 ;UU8«189 ".: 27.-5U3 '< : 27,687: U6i75iv57H + • i TOTAL ASSETS L I A B* I L -I T I E S F e d e r a l Aeserve n o t e s Deposits; Member b a n k - r e s e r v e account. U, S. T r e a s u r e r - gene r a l acc ount : 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 TOIAL LIABILITIES : I T A L ; -U,232,500 -l,2U3^07 +1,113,650 +2,313.562 C 0 U K T 3 Capital paid in Surplus (Soction 7.) Surplus (Section 13^) Oth-.-r capital dzcounts • TOTAL LIABILITIES AI:D CAPITAL AGCOUITTS Hatio of gold certificate re:;ervesi to deposit a.nd F-.W.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 e n d e n t s Coiranitments to-'make i n d u s t r i a l - loans +3,2UU,992 - '118,163 ; +3,126,809 ,717 83,65U .+ 899 + 2,969 . -960,283 i9^fo 2,275 7/.20Q 303 • W> - 185 23U. + + • 8,200 8,366 + • "• 88 + 2,073 +1,575,503 6.1% 5,501 1,031 H,4.1(b) •STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON. JANUARY 7, 1948 (In thousands of dol,lars) A S S E T S Total Gold certificates Redemption fund for F. R. notes Boston . . New York " P h i l a . 20,810,170 75l*,972 6,1*26,300 695,066 56,006 120,1*1*6 Total gold certificate reserves 21,505,236 810,978 6,51*6,71*6 Other cash 303,31*7 27,31*9 50^551* Discounts and advances 163,313 6,1*1*5 71,186 Industrial loans 1,1*28 - - U.S. Govt, securities: Bills 10,896,835 723,1*65 2,612,865 Certificates 6,250,705 1*20,197 -1,1*98,806 Notes? • •1,1*68,950 ,98,749 352,228 Bonds. • 3,066,952 206,173 735,400 Total U.S. Government securities 21,683^442 1448,584 Cleve. Rich. Atlanta Chicago St,Louis : 935,931* 11*01,1*57 1029,287 1054,491 1*082,676 605,874 60,1*89 75,551 59,655 1*0,1*22 100,071* 1*6,61*9 Minn. Kans.Cy,, Dallas SanFran. 1*09,679 745Y234 503,1*13 2860,853 22,862 35,582 26,180 51,150 996,1*23 11*77,008 1088,91*2 109l*,9l3 1*182,750 652,523 1*32,51*1 780,816 529>593 2912,003 17,730 27,131 2i,i*26 23,181 1*7,330 15,51*5 6,720 11,527 13,81*5 1*1,009 8,798 22,771* 2,95! 3,020 13,378 9,715 8,561* 6,244 1*,506 3,7 £ 5 1,1*01* -21* 778,359 1*1*6,1*88 104,927 219,072 lol*l*,679 707,681* 51*6,292 1561,047 599,255 1*05,91*5 313,367 888,151 140,828 95,4oo 73,643 208,720 294,029 199,180 153,755 435,777 59l*,3o2 333,51*1 507*913 474,143 1012,545 31*5,120 191,328 291,352 283,276 567,420 81,105 44,963 68,469 66,571 133,347 169,336 93,876-142,954 138,991 278,409 5,199,299 1548,846 2078,79l.;i408,209 1087,057 3093,695 1189,863 663,708 1010,688 ; ' 9 6 2 , 9 8 ! 1991*721 Total loans and securities 21,848,183-1455,^29 5,270,485 1559,965 2087,355 ; 1414,477 1095,855'3116,469 1192,-821; 666,728 1024,066 967,487 1997,446 Due from foreign banks" qtj 6 8 2 8 1/31 5 13 3 3 9; : 3 F.R. notes of other banks' l66,026 : 2071*95 6,453 :24,409 10,517 -21,792 10,471 18,115 15,761 7,990 10,510 7,854 11,659 Uncollected items " 2,782 736 229,987 80,087 158,831 120,292 240,740 541,079 190,136 251,830 247,225; 175,538 426,666 120,325 Bank premises 25 Q01 1,208 2,450 1,241 3,064 1,713 2,637' 8,239 3,182 4,938 1,559 1,973 797 Other assets 112,747 . < 7,668 10,696 5,466 15,976 3,371 26,659 7,389 5.005 7,567 , 10,636 6,619 5,695 TOTAL ASSETS 46,751,37i 2538,711 12,464,288 2785,528 3870,566'2806,5io.£4l2,506 78l4",o6o 2000,319 1198,647; 1993,630 1644,876 5221,730 1 / A f t e r deducting $64,000 p a r t i c i p a t i o n s of other Federal Reserve "Banks. STATEMENT OF CONDITION OF THE FEDERAL iSSEKVE BANKS OK JANUARY J, 19^8 ( I n thousands of d o l l a r s ) Total Boston New York Phila. Cleve. R i c h . A t l a n t a . 'Chicago S t . L o u i s H.4.1(c). L I A B I L I T I E S Fev.sral Reserve n o t e s 24,651,253 1457,474 Deposits; iiemier b a n k - r e s e r v e a c c t . 1 7 , 5 0 2 , 7 5 5 775,279 U . S . T r e a s u r e r - g e n e r a l a c c t . 562,199 41,086 Foreign other 485,138 523,955 Lllnn. Kans.Cy. D a l l a s SanFran. 5,696,559 1669,269 2123,446 1728,462 1588,855 4624,807 1158,220 626,476 948,090 621,059 2623,558 5,348,608 120,241 26,142 1/207,979 .-4,356 " 4 4 3 "24 834,419 1370,898 50,153 44,367 32,999 i,e~2 775,282 45,520 37,888 19,963 10,935 5,202 776,020 2611,125 31,249 95,214 16,703 1,805 55,4o6 2,052 675,287 51,056 457,888 54,778 841,737 27,211 14,259 6,715 10,185 1,912 14,259 1,351 Total deposits 851,287 2204,927 25,935 25,411 15,444 35,911 583 44,088 891,247 2320,537 107,326 21^,707 19,074,047 846,863 6 , ; 19,9-2 899.403 1464,088 845,967 825,777 2765,775 727,317 484,76$ •884,558 Deferred a v a i l a b i l i t y items 2^511,246 188,559 425,75.0 159,369 212,178 196,010 167,578 528,611 108,228 68,549: 134,581 Other l i a b i l i t i e s including 15,586 1,318 5,810 1,528 742 accrued dividends 932 489. 697 2,547 645 945 603 1,352 TOTAL LIABILITIES 46,052,152••2494.-c»i4 32*246,071 2728,984 5806,240 2771,571 2332,905 7719,740 1974,507 1180,277 ^1967,874 1620,235 5159,914 C a p i t a l paid i n 7,314 18,112 195,820 11,263 63911 14,407 18,857 8,277 7,551 25,379 6,4l6 4,513* 6,54o Surplus ( S e c t i o n 7) 14,111 38,952 448,169 28,117 138 596 35,350 42,173 21,210 19,110 66,217 16,972 11,235 -16,148 S u r p l u s ( S e c t i o n 15b) 1,307 2,140 27,543 3,cil 7,319 4,489 1,006 3,349 762 1,1*29 521 1,073; * 1,137 Other c a p i t a l accounts 1,909 2,612 27,687 2,306 • 3,391 2,298 2,510 2,505 2,178 2,795 1,905 1,751 1.951 TOTAL L I A B I L I T I E S AND ; •• CAPITAL ACCOUNTS -r 46,751,571 2558,711 12,464,288 2785,528 5870,566 2806,510 2412,506 7814,060 2000,319 1198,647 1993,630 1644,876 5221,730 Contingent l i a b i l i t y jon b i l l s purchased for foreign 'correspondents • 2;2J5 75 200 2/728 212 80 80 146 184 111 309 95 57 Commitments to make industrial loans 7,200 - F. R, n o t e s o u t s t a n d i n g 2^,625,543 1531,150 C o l l a t e r a l f o r F.R. n o t e s held b y F.R.Agents 5 Gold c e r t i f i c a t e s 12,519,000 460,000 E l i g i b l e paper 76,154 2,554 U.S.Govt, s e c u r i t i e s 13,750,000 1100,000 Total 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 163,313 1,428 21,633,442 * 454 1,465 81 4oo 351 580 - 5,912,985 1741,257 2227,239 1790,344 1450,341 4756,949 H84,8i4 644,091 3,750 139 657,651 2758,571 970,125 5,570,000 550,ooo 755,000 675,000 675,000 2790,000 3l5>ooo 200,000 51,570 c 4 , 7 9 0 *3,265.- - -830 1,500 2,Uoo,ooo 1200,000 1500,000 1150,000 800,000 2000,000 950,000 450,000 MATURITY DISTRIBUTION OF LOAMS AND SECURITIES 280,000 11,250 700,000 VoLthin 15 days 104,998 1,363 2,806,645 16 t o 30 days 11,045 1 3,019,793 31 t o 60 days 61 t o 90 days 3,339 43,867 3,699,447 3,597,912 91 days t o 6 months 44~ 2 3,487,301 6 months t o 1 year 20. 28 2,221,492 169,000 2100,000 375 500,000 1000,000 1 to 2 years 2 to 5 years Over 5 years 11 23 197,633 2,653,219 1/After deducting $277,032,000 participations of other Federal Reserve'Banks. 2/ After deducting $1,547,000 participations of other Federal Reserve Banks.
@FedFRASER