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Forii. F. K.' ¿¿83 STATEMENT FOR THE PRESS Released fo r p u b lica tio n Friday morning, July 13j not e a r lie r , Board o f Governors o f the Federal Reserve System July 12, 191+5 .CONDITION OF- THE. FEDERAL RESERVE BANKS . During the week ended July 11 member bank reserve balances decreased $152,000,000. Reductions in member bank reserves arose from a decrease of $221,000,000 in Reserve Bank credit and an increase "of $98,000,000 in money in circulation, o ffset in part by decreases of $82,000,000 in Treasury deposits with Federal Reserve Banks, $55,000,000 in Treasury cash and $27,000,000 in nonmember deposits and other Federal Reserve accounts.; Excess reserves of member banks on July 1 1 ' were estimated to be approximately $1,1+00,000,000. 'Holdings of loans, discounts and advances increased $3l+,000,000 while holdings of United States Government securities decreased $201,000,000« The de crease in holdings of-United States Government securities reflects a decrease of $201,000,000 i n ‘b i l l s . Changes in member bank reserve balances and related items 1during the week and the year ended July 11, I9 I+5 , were as follows j Increase or decrease since July 11, 19U5 July 3, 19^5 July 12, 19UU (In millions, of dollars) U. St Government securities Loans * discounts and advances Other »Reserve Bank credit 2 1 , 51+1+ Total Reserve Sank credit Gold stock Treasury currency 22,028 20, 211+ h, 11+5 Member bank reserve balances Money in circulation’ Treasury cash Treasury deposits-with* F. R* Bariks ‘ Nonmember deposits and other F. Rf accounts ll+, 570 26,932 76 U08 2,230 585 2,070 - 201 + 3k - ■ 53 4- 6,728 •f 20 1+5 221 1 **• + - t 152 98 55 82 27 + ** 6,792 900 38 1,7 2 1 1+.371 73 68 . 157’ F orra F. R. 283c L I A B I L I T I E S .Federal Reserve notes Deposits : Foreign Other T ota l deposits D eferred a v a i l a b i l i t y iteu other l i a b i l i t i e s in clu d ir accrued dividends. TOTAL LIABILITIES C a p ita l paid in Surplus (S e c tio n 7) Surplus (S e c tio n l j o ) other c a p ita l accounts STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 11, l^k5 ( I n thousands o f d o lla r s ) T o ta l Boston New York P h ila . C leve. Rich* A tla n ta Chicago S t.L ou is 23,151,382 11+66, 1+82 5,112,559 1529,698 2029,193 1555.275 1370,51+5 1+235,599 ll+, 570,1+06 585,128 1,21+3,385 373,605 681,1+83 1+3.130 80,777 7,267 1+i, 588,300 197,1+1+7 1/1+97,918 276,938 735,366 1132, 11+2 76,038 37,99b 102,1+29 101,265 3,31+8 8,313 638,1+78 25,1+96 1+8,887 8,179 16,772,521+ 1,1+13,929 812,657 111,916 5.,560,603 271,770 879,137 1317,758 80,61+6 130,161 721, 01+0 103,538 8,527 679 1,613 597 875 Minn. Kans.Cy. D allas SanFran. 975,609 506,777 857,696 583,520 2928, 1+29 672,572 2136,503 22,322 l+l+,5ol+ 1+0,739 151,316 6,181 3,81+3 51+7,682 17*11+1 31+.919 H+,098 332,856 23,263 26,771 2,112 7-03,882 16,687 3U.919 1,190 681,773 1719,369 58,01+2 23,061+ 83,526 31+.919 1*215 1+0,921 739,1+76 2338,501+ 87,9^0 200,579 613,81+0 68,1+21* 385,002 32,81+8 756,678 8l+,736 71+0,971 1906,858 60,685 175,686 i,ol+7 361 •1,139 • 1+08 508 357 280 663 1+1,31+6,362 2391, 73)+ 10,,91+6,51+5 21+90,078 31+77*987 2385,361 2198,318 6775,729 1658,231+ 6,829 20, 1+12 5,1+82 170,1+85 12,789 6,171 10,327 60,51+3 17,155 228,153 33,201 7,01+8 19,372 7,936 7,813 8l+,903 19,071 15,239 2,880 i+,1+68 3,290 762 527 1,007 27,1651, 1+29 7,H+3 12,296 109,686 6,561 7,003 6,083 7,817 15,91*3 5,1+93 23,695 925,766 1699,518 1385,1+56 5011,636 1+1,881,851 21+26,71+1 11,,122,829 2535,021+ 3527.516 21+10,296 2219,270 681+6,711+ 1676,781+ 939,891 1717,701+ 11+03,156 5055,926 3,701+ b, 950 1,073 l+,398 5,735 6,025 -1,307 1+.633 ' 5,523 6., 196 1,137 5,330 15,815 15,899 2,11+2 10, 1+31+ TOTAL L IA B IL IT IE S AND CAPITAL ACCOUNTS Commitments t o make in d u s tr ia l loans F. R. notes outstanding C o lla t e r a l fo r F.R. notes held by F#R. Agents: Gold c e r t i f i c a t e s E lig ib le paper U.S* Govt, s ecu ri t ie s Discounts and advances In d u s tr ia l loans ü. S. Gove rnment s e c u r itie s 5,097 225 23,811,697 1502, 1+36 11,056,000 1+9,951+ 13,131,753 3,301 — — 300 — 376 50 5,,263,511 1571, 601+ 2069,872 1586,1+97 11+22,166 1+310, 21*6 1013,882 620,000 3, 320,000 528,000 625,000 525,000 630,000 231+5,000 300,000 — — — 36, 1+29 2,530 3,200 . 2,950 2,315 900,000 2, 000,000 1050,000 11+50,000 1075,000 800,000 2000,000 321,753 MATURITY DISTRIBUTION Of’ LOANS AND SECURITIES 16 to 30 days Total Within 15 days 72,879 3,251+ 52,090 2,123 ll+,270 3 21, 5I+I+,1+1+6 2, 988,007 2 , 81+1,099 31 to 601 days 1,000 30 61 to 90 days 5,519 8 9 I daysi to 6 months 6 months to 1. ysar — -i+07 156 — — 200 879,21+0 609,518 3066,61+8 195,000 280,000 — 2,500 325,000 650,000 161+, 000. 152l+,000 -, 50 ù 6 o , o o o 1600,000 516,077 1 to 2 years — 107 2 to 5 years -- 120 273,800 616,850 1+,03C>,371 ' 507,652 l / After deducting $71+2, 610,000 participations; of other Federal Reserve Banks. l+,9 lli ,761 1+,,621+, 566 61+5 Over 5 years — — 71+7' , 31+0 Form F* It. 283a Released fo r p u b lic a tio n Friday morning, July 13,l9k5, e a r lie r . STATEMENT OF CONDITION. OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands o f d o lla r s ) Increase or decrease since July 11, 19U5 July 3» 191*5 July 12, 191*1* A S S E T S Gold c e r t if ic a t e s Redemption fund fo r F. R. notes 17,.363,915 689,213 + 19,700 - 21,089 - 1, 161*,210 + 268,680 T o ta l gold c e r t i f i c a t e 18, 053,128 - 1,389 - 895,530 202,18k + ¿4-73 + ?3*S39 27,75k 7,922 reserves Other cash Discounts and advances In d u s tria l loans II. S. Govt, s e c u r itie s : B ills C e r t ific a t e s Notes Bonds 72,879 3,25k + 33,995 ♦ 51 12,69k,8k3 6, 052,011 1,68k,9 50 1,112,61*2 - 200, 891* — T otal 0. S, Government s e c u ritie s 21, 5!*!*, 1*1*6 - 200, 891* +6,?28,k65 Total loans and s e c u ritie s 21,620,579 -166,81*8 +6,7k8,297 Due from fo re ig n banks F. R. notes o f other banks U ncollected items Bank premises Other assets 110 . 93,069 1,821,1*83 3k, 057 57,21*1 + 9,583 - 106,607 + 2 + 71*2 + + 1*1/881,851 -26k,Okk +5,785,551 Federal Reserve notes D ep osits : Member bank-reserve account U, S. Treasu rer-gen eral account Foreign Other 23,151,382 + 50,009 4 +k, 192,633 li*,570,i*06 585,128 1,21*3,385 373,605 -151,877 - 82,360 + 36,086 - 6 6 ,5k5 +1, 721,099 + 68,367 - 21*1*, 308 - • 1,525 Total deposits 16,772,521* -26k, 096 - +I,5k3,,633 TOTAL ASSETS mm +3,902,1*83 +2, 670,021 ‘+ 502,1*15 - 31*6, I*5k - - 26 1. 969. 11,170 61*8 5,8k2 L I A B I L I T I E S 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 in clu din g accrued dividends TOTAL LIABILITIES C A P I T A L 8,527 1*1,31*6,362 -■53,071 +• - 33,219 815 ■ + i,ol*3 -266,31*3 +5, 70k, 090 A CCOUNT S C ap ital paid in Surplus (S e c tio n 7) Surplus (S e c tio n 13b) Other c a p ita l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS R atio o f t o t a l c e r t i f i c a t e reserves , to d ep osit and F. R. note ' l i a b i l i t i e s combined Commitments to make in d u s tria l loans 1, 1i 13,929 170,1*85 228,153 27,165 109,686 1*1,881,851 1*5.2fo 5,097 +■ 1*32 ■ •+ 11,563 + ■ko,056 + .200 + 29, 61*2 1,867 — — + -26k,Okk ■ +5,785,551 + .2% 55* ♦Revised* - 10. 27» + . 1,182 Forni K. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 11, ( I n thousands o f d o lla r s ) lyb5 A S S E T S Total Other cash Discounts and advances Industrial loans U# S# Govt-, secu ritie s: B ills C e r tific a te s Notes Bonds Total U* S. Government securities Total loans and securities Sue from foreign banks F#R* notes of other bank;s Uncollected items Bank premises Other assets :?OTAL ASSETS 7 5 3 ,2 1 3 689,213 k 5 ,9 2 8 5 ,3 l2 ,k 9 k 110,966 1 8 ,0 5 3 ,1 2 8 7 9 9 ,lk l 2 0 2 ,18 k 1 8 ,0 1 * 2 7 2 ,8 7 9 3 ,2 0 0 3 ,2 5 k 128 7 12 , 69! * , 81*3 6, 052,011 8 1*1,1*9 5 k 2 5 ,l9 2 3 ,0 2 7 ,8 7 5 1 ,6 8 k ,950 1 1 8 ,3 7 8 1 ,1 1 2 ,6 1 * 2 7 8 ,1 7 0 2 i,5 l4 * ,k k 6 lk 6 3 ,2 3 5 2 1 ,6 2 0 ,5 7 9 11* 66,563 110 93,069 1 ,8 2 1 ,1 * 8 3 3k , =057 5 7 ,§ k l 5 ,k 2 3 ,k 6 o 32, 1*69 3 6 ,k 2 9 1,5 0 3 ,5 1 9 k ie ,5 9 5 Cleve. Rich, Atlanta 7 8 7 ,7 5 7 1 0 9 5 ,5 9 i 7 7 8 ,2 6 2 9 2 6 ,6 5 1 5 2 ,8 5 9 7 2 ,7 6 2 5 5 ,2 8 1 1* 0 ,6 2 7 1 16 8 ,3 5 5 8 3 3 ,5k3 9 6 7 ,2 7 3 2 0 ,9 3 7 1 1 ,7 1 2 2 ,3 1 5 8k 0 ,616 1 7 ,7 1 8 2 ,9 5 0 2 ,3 6 9 12,500 - - 85 Chicago St.Louis 3k 65,636 *70 Minn* Kans.Cy* 516,630 291,332 5 2 8 ,8 1 2 3 8 ,6 6 0 1 6 , 5k3 3 1 ,8 5 5 3 5 7 0 ,10 6 5 5 5 ,2 9 0 3 0 7 ,9 2 5 5 6 0 ,6 6 7 17 ,3 1 * 2 2 k ,375 3 ,8 1 * 3 k ,2 3 6 1 1 ,5 6 9 2,700 7 ,6 5 0 2 ,5 3 0 lo l+ ,l 275 ---- 883,692 1306, 20!* 8 5 8 ,3k9 k 5 7 ,7 1 3 5 7 7 ,kk3 3 8 0 ,2 1 8 3 2 3 ,7 9 5 1 2 7 ,k33 160,768 1 0 5 ,3 5 7 9 0 ,11* 3 219, 211* 5 9 ,5 2 8 - lk k ,7 5 6 6 3 5 ,2 9 9 176k , 171 7 8 7 ,3 7 6 - - 2 k 6 k ,397 2 k ,738 9 k ,k 7 k k 67,876 8 ,9 5 1 2,500 — — 5 7 0 ,0 8 1 Dallas SanFran. 15 3 k 2 ,8 6 5 305,885 161,029 85, 162. k k , 8 3 3 •56,236 29,605 6 2 6 ,1 1 * 5 2 7 9 ,3 9 1 7 7 ,7 8 6 75 —- :2 5 5 8 , 8 7 1 2 5 ,k 9 0 30 375 1*6 1 *, 2 6 3 137k , k o k 260,369 5 9 0 ,0 8 1 7 2 ,k 9 0 1 6 k ,286 1 * 7 ,3 6 3 10 3 ,k8 5 8 k ,lk 9 1 0 6 ,16 2 69,902 5 ,2 2 6 ,1* 0 5 1 5 5 2 ,9 3 7 2 1 5 0 ,5 7 7 lk I k ,326 1 1 0 8 ,7 7 0 2915,517 1017, 36k 5 7 8 ,3 3 2 1 0 3 k ,687 8 k k , 9 9 0 . :2 2 3 7 , 2 5 6 5 ,2 6 2 ,0 1* 1 1 5 5 3 ,3 0 6 2 1 6 3 ,0 7 7 1 1* 1 6 ,7 2 6 1 1 11 , 1*70 ;2923, 1*1*2 1019, 89!* 5 7 8 ,3 3 2 1037,202 0 k 5 ,0 6 5 - 2 2 3 7 ,6 6 1 1/ k o 17,997 10 10 5 k ,8 7 3 k ,1 5 l 5 ,6 2 3 8 ,1 9 5 9»7kk 3 6 k ,121 105, 92k 1 6 1 ,5 5 k 1 3 6 ,0 7 7 109,701 3 0 7 ,8 6 1* 3 ,3 8 5 1*, k ,-0 a 5 2 ,3 1 8 1*590 3, lk l 5 ,3 8 7 3 ,7 9 2 276 , 1* 16 - 7 6,560 13 0 ,6 5 5 1*582 Phila. CO 00 O Total gold c e r t i f i c a t e reserves 17 , 363,915 New York hT\ Gold c e r t i f i c a t e s Redemption fund for F# R# notes Boston . , 8 ,7 8 k - It, 18 0 1 3 ,H 7 192 1*1,831,851'21*26^1 i l , 122,-829-2535ioel* 3527,516 21*10,296 l/ k' 3 , 190 - ’ lk ' 8 ,0 2 8 - •3 6 ,665 3 0 ,9 2 7 2 ,0 8 8 3 ,0 7 k 5 1 ,3 6 5 3 3 8 2 ,5 7 0 3 5 ,7 6 6 3 ,k 0 8 1 7 ,5 1 7 k k ,o i9 9 7 ,1 9 2 7 k ,718 2 0 3 ,7 2 3 1 ,2 3 9 •■ 1 , 5 6 7 -£ ■ ,62 6 2 ,6 7 9 2219 , 270 -601*6, Til* 1676 , 70!* 9 *5 , :9 1 ‘ 1717, 70k A fter deducting $70,000 participations of other Federal Reserve Banks. ■859 2,276 1,900 5 ,7 5 1 11*03,156 5055,926