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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for P u b l i c a t i o n F r i d a y morning, J u l y 1 1 ; n o t e a r l i e r ) H.U.1 J u l y 10, I9U7 CONDITION,. OF ,THE FEDERAL RESERVE BANKS During the week e.nded J u l y 9 , 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 $202,000,000* A d d i t i o n s tcj member bank r e s e r v e s arose from an i n c r e a s e of $52,000,000 i n g o l d ' s t o c k and d e c r e a s e s of $^6,000,000 i n money i n c i r c u l a t i o n , $92,000,000 i n T r e a s u r y deposits, w i t h F e d e r a l Reserve Banks and $133,000,000 i n nonmember 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 $110,000,000 i n Reserve Bank*credit and $8,000,000 i n T r e a s u r y c u r r e n c y ; a n d an i n c r e a s e of $1|,000,000 i n T r e a s u r y cash*. Excess r e s e r v e s of member banks on J u l y 9 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 .$670,000,000. Holdings of 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 $10,000,000 while 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 $18,000,000» The cieorease 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 ,a decrease ; of [ $136,000,000 i n b i l l s ' 'and" a n ' i n c r e a s e of $119,000,000 i n c e r t i f i c a t e s . ' 1 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 d u r i n g the week and t h e year ended J u l y 9 , l^kl * were as f o l l o w s : I n c r e a s e or d e c r e a s e since July 9, July 2, 19U7 19U7 J u l y 10, . -19U6 . Tin ;m i l l i o n s of d o l l a r s } ^ — 18 U. Si« Government s e c u r i t i e s Loan's, d i s c o u n t s , ! and advanc.es,. Other Reserve Bank c r e d i t 21,611 122 302 10 102 - T o t a l Reserve Bank c r e d i t Gold stock. Treasury c u r r e n c y 22,035 21,336 it,551 - 110 + 52 8 Member bank r e s e r v e b a l a n c e s Money i n c i r c u l a t i o n Treasury cash T r e a s u r y d e p o s i t s with F f Rf Banks Nonmember d e p o s i t s and o t h e r F . R, accounts 16,190 28,363 1,329 + 202 - i|6 + h - 92 - 133 566 i,U75 •f _ 1,783 « 171 30 m ' l,98ll + 1,065 + lU + + - 301 28 925 98 209 H.li.l(a) STATEMENT -OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since July 9, 191+7 <July 10, July 2, 19^7 I9U6 ASSETS 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 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 Acceptances purchased U. S. Govt* s e c u r i t i e s : Bills Certificates Notes Bonds Total U. S# Government' securities ' Total loans %nd s e c u r i t i e s Due from f o r e i g n banks F # fL .notes of o t h e r banks U n c o l l e c t e d items •• Bank,premises, Other a s s e t s TOTAL ASSETS LI-A B U J 231,906 1.20,659 1,738 + 13,128 + 10,77k 6 -«. — - 53,852 171,202* 528 28,235 4- • • ' 15,992,75U 6,521,766 569,300 727,590 -136,2*39 +118,500 «•«» U59,965 - 1 ,060,216 . - 226,300 27,900 21,611,190 - 17,939 - 1 ,782,379 21,733,537 102 -'. *.- 7,171 — '-i ,981,358 + 11,352 -22|3,2U9 + 19 + 1,661 + + + hk,503,068 -1314,137 + 2h,2U3,9U6, - 16,228 16,190,191 .565,^95 3U0.18I. 5QU,276 ; 17,600,2^8' 2,031,910' +20-1,9U? - 92,661 -122,361 105,9^5 2,355, (9h ' 51,9^3 2+9, OlS : . 19 12,286 293,97ii •972 595 251,512 ,T I ' E S F e d e r a l Reserve n o t e s Deposits; Member bank - r e s e r v e account IT.S f Treasurer - g e n e r a l 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 accrued dividends TOTAL LIABILITIES CAPITA L A C C 0 UN Vs 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 Ratio of gold certificate reserves to deposit and F.R.note liabilities combined Contingent liability on bills purchased for foreign correspondents Commitments to make industrial loans +2 ,03it,972 + 29,000 19/376,179 725,689 2^,618 + •15,79320,l'0l,b6b— - ~ T - ^ , 7 9 3 - * T ,990,3bk 57,782 + «» - -1U6,50U 500,907 98,706 175,387 97,607 69,295 + 295,9^2; + 623 T135,U69 - ': 867 + 180,002 + 1,201 + + + - -lGlt, 137 + 8,751 81,2+68 27 26,956 251,512 + + 5,527 1,605 -- 23,360 ML ' 9,659 TxW^Wf^, ' 192,221 i459,823' 27,li55 , 2+2,826 kh,508,068 131 — — + .1% 5,52+7 6,975 175 61 H.U.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE" BANKS ON JULY 9 , I9U7 ( I n thousands of d o l l a r s ) A S S E T S Total 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 U.S. Government securities Total loans and securities Due from foreign banks F.R.notes of other banks Uncollected items Bank premi ses Other assets TOTAL ASSETS Boston New York 19,376,179 739,322 6,071,996 725,689 118,905 Cleve# 805,1*31* 1150,637 60,51*5 75,1*87 Rich. Atlanta Chicago St.Louis .Minn, Karis.Cy. 976,653 936,610* 1*085,698 557,998 376,319 53,76k 1*3,515 586,707 90*86k 1*5,1*66 21,185 20,101,868 793,1*01 6,190,901 865,979 1226,12^1030,1117 980,159 1*176,562 231,906 26,519 1*3,120 10,283 19,166 32,256 11,387 19,U19 120,659 12,955 17,677 6,103 27,1*67 5,373 6,778 8,9Uo —— — — — — 1,738 9 1,729 603,1*61* 397,501* 620,927 5,552 688 7,11*7 10,362 13,992,731* 6,521,766 369,300 727,390 5l*,Q79 Phila. 13,167 18,1*83 — — Dallas, SanFran. U65,6& 2623,087 31*,226 - 2UJ2ll3 — 103,lq6 1*89,9272726,503 9,317 3,1+08 — 33,768 2,1*20 —. 958,21*7 1*26,708 21*, 163 1*7,592 3,086,596 111*1,583 11*22/683 932,872 780,530 1952,051* 683,873 1*18,396 728,252 1,723,890 1*27,71*9 61*7,01*2 396,396 328,1*73 803,1*72 352,767 131*,903 3li*,376 1*5,1*97 19,976 10,1*70 17,802 97,617 21*,222 36,639 22,1*1*6 18,600 192,270 -1*7,708 72,161 l*l*,21l 36,636 89,613 39,31*5 20,623 35,06 5U0.738 131*1,905 303,1*81* 607,506 17,1*68 31*, 1*00 3l*,l*06 67,756 21,611,19011*56,710 5,100,373 1611,262 2178,536 1395,$25 1161*,239 2390:636 1100,961 63u,392" 1095,1*93 901,0962051,567 2l,733,587i*69,67l* 5,118,050 161*9,09!* 2206,003 11*01,303 1171,017 2899,576 1119* j*U* 635,080 1105,855 90l*,50l* 2053,937 102 6 105,91*5 3,501* 2,333,691* 173,01*0 3l,9l*8 1,269 1*9,018- 3,11*6 1*1*, 583,0683*70,559 1/ 1/33 11*71*1*7 1*67,783 8,31*9 12,330 8 9 5 6,190* 5,19^ .11,755 167,000 211,161*' 220,638 ' 3,112 3,79k 2,651 ; 2,857 5,01*0 2,908 1 * 1 1 * 1 * 3 1 0 , 9 7 7 ' 12,865 7,581 5,753 136,299 -338,215 112,021* 5l*,6!*5 1,505 3,01*2 1,987 1,224 2,662 6,31*6 2,968 1,367 1 * 3 9 6,995 3,585 17,099 127,792 93,830 231,26!* • 2,1*86 778 1,751 2,282 2,203 1*,909 11855.013 27ol*,528 3676,71*7 2681,561* 2321,739 71*68,87.6 1860,6391101,128 1873,788 I50l*,ll*7 5069,290 After deducting $69,000 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 RESERVE BANKS J)M JULY 9 , 191+7 ( I n thousands of d o l l a r s ) Nov, York Phila. Clove. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cv. 5,591,555 161+5,602 2101,975 1663,1+1+2 1368,092 1+51+2,655 1078,532 589,653 910,307 K.L-.l(c) Total Boston L I B I L I T T v. 24,243,946 11+62,1+15 Federal Reserve notes Deposits: Member bank-reserve a c c t . 16,190,191 750,1+15 4 , 9 5 6 , 6 l 4 U . 3 . T r e a s u r e r - g e n e r a l a c c t . 565,598 55,1+96 157,919Foreign 5I+0,181 20,710 l / l 2 0 , 7 9 9 Other —' """ ~ '' — — 421,958' • - - --•"• 504,278 2,1+55 Total d e p o s i t s 17,600^21+8 807,074, 5,657,290 Deferred a v a i l a b i l i t y items 2,031,910 155,474 585,255' Other l i a b i l i t i e s incliiding accrued d i v i d e n d s 9,639 599 2,55l+ TOTAL LIABILITIES 1+5,885,71+3 2i+25>562 11,636,412 C a p i t a l paid i n 192,221 11,184 67,543 Surplus ( S e c t i o n 7) 439,825 27,557 136,549 Surplus ( S e c t i o n 15b) 27,455 3,012 7,253 Other c a p i t a l a c c o u n t s 1+2,826 3,244 7,256 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,538,068 21+70,559 11,355,015 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 5,327 3I+I 2/l,705 Commitments to moke i n d u s t r i a l loans 6,975 . — — F . R. n o t e s o u t s t a n d i n g 24,908,505 1500,106 5,743,276 C o l l a t e r a l f o r F . R. n o t e s held by F . R. a g e n t s : 11,988,000 455,000 5,470,000 Gold c e r t i f i c a t e s E l i g i b l e paper 11,195 8,877.. 54,797 U. S . Govt, s e c u r i t i o s 15,680,580 1100,000 2,400,000 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 Total • 120,659 1,758 21,611,190 Within 15 days 85,952-1,1892,884,055- 797,282 1220,835 ; 1+2,980" 5 0 , 9 0 1 - 26,125 29,995 2- , 5 — 7 1 - 16,069 868,956 1517,798 134,396 L 191,120 6l6 977 736,ol+8 58,169 15»303 2..580 792,600 189,626 535 2647,570.56.11,868 2646,201 1 4 , 2 3 7 ' 13,751 8,107 34,720 41,394 20,676 4,4391,007 3,525 .. 3,512 3,727 5,255 758,575 21+32,974 £06,280 1+06,1+22 31,190 61+,7l+7 50,865 27,608 15,222 1+5,860 11,288 8,065 3,847 1*967 - 5 , 7 5 1 1,907 786,634 2543,548 654,181+ 444,000 136,804 286,562 101,465 1+8,720 785,059 28,1+86 11,288 1,1+05 826,216 110,908 Dallas SanFran. 581+,961 2706,785 771,185 1988,721+ 25,807 33,430 28,389 10,645 1+5,189 585 808,216 2095,752 85,996 205,581+ 416 559 1+59 1.744 435 529 858 2291,989 7374,507 1834,616 1082,702 1847,847 1479,512 5006,957 7,395 23,012 6,344 4,229 6,4l0* 7,123 17,838 18,663 65,078 16,577 10,997 15,729 13,777 38,106 762 1,429 521 1,075 1,157. 1,507 2,140 2,982 4,850 2,581 2,127 2,665 2,428 4,199 2704,528 5676,71+7 2681,564 2521,789 71+68,876 1360,639 1101,123 1373,783 1504,147 5069,290 1+32 1+95 26l 218 725 136 v 133 ..- , 186 176 469 1,075 1,455 79 27 51 400 1694,049 2151,861 1716,195 1409,824 4618,135 1118,554 — 604,165 37750 950,144 -160 612,015 2805,155 500,000 655,000 675,000 5 7 0 , 0 0 0 2 8 5 0 , 0 0 0 500,000.1134,000- 280,000 .. 5,875 — 5,950 — "'- — 17,5209,4*00 1200,000 1500,000 1055,000 850,000 1800,000 9 5 0 , 5 3 0 . 425,000 700,000 - MATURITY DISTRIBUTION OF LOANS AfiD SECURITIES 169,0001900,000 500,000 1200,000 1-6 t o 51 t o 6l to 91 days t o 6 months 1 to 2 2 to 5 50 days 60 days 90 days 6 months to 1 year years years -'; 6,997 1,580 19,720 8,630 — 23 5 27 55 108 550 2,229,555 5,514,595 4,815,012 1,582,111 5,802,096 ' 295,400 148,550 1 / A f t e r d e d u c t i n g $219,300,000 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. 2 / A f t e r deducting $3,622,000 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 Heserve B a r k s , Over 5 years 542,040
@FedFRASER