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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released f o r P u b l i c a t i o n F r i d a y morning, J u l y 18; n o t e a r l i e r ) July 17, 19U7 CONDITION OF- THE FEDERAL RESERVE BANKS Duririg t h e week ended -July 16 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 $ll|6,000,00Q. .Additions to''member'bank r e s e r v e s arose f r o m - i n c r e a s e s of $213,000,000 i n Reserve Bank c r e d i t and $98,000,000 i n gold* stock and a decrease of $138,000,000 i n money i n c i r c u l a t i o n , o f f s e t i n p a r t by i n c r e a s e s of .$2,000,000 i n T r e a s u r y ca&h> $190,000,000 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 $108,000,000 i n nonmember d e p o s i t s " a n d o t h e r F e d e r a l Reserve a c c o u n t s . ' E x c e s s r e s e r v e s of member banks on J u l y 16. were e s t i m a t e d t o be approximately $800,000,000 Holdings of l o a n s , d i s c o u n t s and advances decreased $21,000,000 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 i n c r e a s e d $lli7,000,000. The i n 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 i n c r e a s e s of $98,000,000 i n C e r t i f i c a t e s and' $51,000,000 i n ' b i l l s and a d e c r e a s e ';" of '$2.,000,000 ; in'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 £ terns, during t h e week and t h e year ended J u l y 16, l^lfi9 were as f o l l p w s j Inqrease' or d e c r e a s e since J u l y 16 19U7 ° Jtily 9 , J u l y 17, I9k7 . . <ln ftdllions' 19^6 of d o l l . a r s ) U. S.. Government s e c u r i t i e s Loans, d i s c o u n t s , and advances Other Reserve Bank c r e d i t 2-1,758 101 389 + 1U7 - 21 + 87 - I,U72 10U 72 T o t a l Reserve Bank c r e d i t Gold s t o c k .' Treasury currency 22,21^8 2i,U3U U.550 + 213; + 98 1 - l,6U7 + 1,163 •f 12 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 T r e a s u r y cash T r e a s u r y d e p o s i t s w i t h fcF# R# Banks , Nonmember d e p o s i t s and o t h e r F . R# accounts 16,336 28,225 1,331 • 756 1,583 + + + + + + - 368 16 9I8 Hi6 138 2 190 108 2143 150 ff.iul(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED' (In thousands of dollars) Increase or decrease since July 16, 19U7 ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F t R# notefs Total 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 Industrial loans Acceptances purchased Ut S, Govt, securitiesj Bills Certificates Notes Bonds Total U. S. Government securities Total loans and s e c u r i t i e s 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 Bank premises Other a s s e t s TOTAL ASSETS L I A B I L I T I E S F e d e r a l Reserve n o t e s Depositsj Member bank - r e s e r v e account U . S . T r e a s u r e r - 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 C A P I T A L ACCOUNTS C a p i t a l paid i n Surplus ( S e c t i o n 7) Surplus ( S e c t i o n ' 1 3 b ) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS R a t i o of gold 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 and„F # R, 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 foreign correspondents Commitments t o make i n d u s t r i a l loans July 9 , 191+7 July 17, 19^6 19,U75,179 723,671 20,198,850 253,1+98 99,353 1,731 + + + - ii+,01+3,725; 6,619,266 369,300 725,690 + .50,991 + 30,551 + 97,500,. -1,21+6,466 - '226,300 1,700 29,600 21,757,981 +11+6,791 -1,471,315 21,859,065 +125,1+78 -1,617,737 102 125,8114 2,867,6^6' 31,9l8. 51,075 99,000 +2,130,971 2,018 la, 678 96,932 -+2,089,293 21,592 1+2,530 21,306 - 104,152 7 + • 553 1+2,323 + + 19,869 +533,952, + + 2,057 19 15,117 280,874 973 619 1+5,387,998 +799,930 + 693,210 24,150,309 - 93,637 - 77,459 16,336,222 756,000 455,276 496,735 18,01*4,233 2,478,959 +146,0.31 + +190,402 + +115,095 - .7,543 +1+43,985 + +1+47,049 + 368,604 242,909 105,692 107,766 10,804 14+,634,305 1,165 +793,562 1,491 + 629,1+1+4 192,369 439,323 27,455 .1^4,046 . 45,387,998 148 — — + 1,220 +799,930 + + + + 47.9^ 5,057 6,907 .1% + 290 + 68 .+ 393,055 3io,339 8,666 81,468 27 26,395 693,210 4.7?'o/ 5,057 1,508 H.U.l(b) STATEMENT OF CONDITION OF ,THE FEDERAL EBSSRY3 MILKS OK JULY 1 6 , I9I4.7 (In thousands of 'dollars) A S S E T S Gold certificates Redemption fund for F. R. notes Total gold certificate reserve§ Other cash Discounts and advances Industrial loans U. o. 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 premises r Other assets TOTAL ASSETS Total Boston New York 19,475,179 738,681; 6,301,059 .723,^71 53,935 20,198,850 792,619 6,419,378 253,498 99,353 1,731 30,187 10,498 9 40^866 22,642 14,043,725 6,619,266 949,387 433,484 369,300 725,690 Cleve. Rich* 824,0621125,983 938,223 60,297 75,289 53,632 884,359 1201,272 991,855 13,607 7,013 19,409 9,087 12,638 9,528 Atlanta Chicago•St.Louis 905,110 4oo2,255 Minn. Kans.Cy. 556,29! 356,2^7 593/179 90,657 45,407 21,167. 34,166 948,472 4092,910 605,698 45,362 22,272 1,868 34,977 5,265 15,352' 12,104 "Dallas SanFran. 469,0682663,040 ,24,196 103,224 377,4i4\' 627,345 493,264 2766,264 7,179* 788 8,121 11,328 683,960 438,908 357,661 137.662 IQ.954 19.9^1 io ; 470 7Q O i l 20,574 725,658 5l9,m 17,804 34,986 548,488 1309,653 312,811 617,198 17,452 34,435 34,295 67,665 5,051,544 1644,212 2215,827 1454,007'1137,588 2974,267 1100,786- 657,614' 1097,559 913,0-46 2023,951 3,014,654 1137,239 1448,740 964,832 798,793 2023,313 1,747,766 434,968 656,489 402,536 333,607 815,973 97,511 24,268 36,626 22,458 13,613 45,5-24 24,185 47,524 191,613 .47,687 7l,972 : 44,131 36,575 :&3,457 21,757,981 145U,580 21,859,065 • 102 125,814 2,867,646 51,948 -51,075 118,359'' Phila. 1465,087 5,074,186 1652,947 2222,914 1443,535 1189,456 2979,532 1112,890 6 1/-33 8 9 • 5 - - 4 -.14 4 5,605 24",227 8,921 7,809 10,982 9,426 -16,044 8,185 259,115 583,187 196,305 263,507 258,319 171,275 450,873 135,096 1,269 8,549 3,H2 3,79k 2,651 1,505 3,042 • 1,987 3,256 12,776 2,974 5,385 2,911 2,824 6,655 2,977 11,320 3,108 37,570 6,124 658,402 1108,1887 9*6,154 2035,075 . . 3 4 3 9 7,963 7,789 ' 4,096 14,767 76,974 140,194 122,076 250,725 1,22k 2^436 . 778 1,751 2 1,429' ,327 2,516 5,o45 45,387,998 '2537,144 12163,002 2762,235 3724,099 2702,896-2345,254 7584,047i880,i89; H-30,^88 1697,153 1550,207 5111,206 1/ After deducting $69,000 p a r t i c i p a t i o n s of other Federal Reserve' Banks. HJ+J.(c) STATEMENT OF CONDITION OP THE FEDERAL RESERVE BAMS ON JULY 1 6 , 1947 • ( i n thousands of d o l l a r s ) • \ L I A*'B I L I T I E S Total Boston Federal Reserve notes 24,150,309 11+50,303 Deposits* Member b a n k - r e s e r v e a c c t . - : i 6 , 3 3 6 , 2 2 2 71+3,359 U.S.Treasurer-general a c c t . 756,000 46,699 Foreign 1+55,276 27,123 Other 1+96,755 2,387 Total d e p o s i t s 18,ol+i+,233 819,568 Deferred a v a i l a b i l i t y items 2,1+78,959 221,1+58 Other l i a b i l i t i e s i n c l u d i n g 10,301+ 681 accrued d i v i d e n d s TOTAL LIABILITIES ;l44,68l+,305 21+92,010 Capital paid in 192,369 11,195 Surplus ( S e c t i o n 7) 1+39,823 27,557 Surplus ( S e c t i o n 13b) 27,1+55 3,012 Other c a p i t a l accounts 1+4,01+6 3,370 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 4 5 , 3 8 7 , 9 9 8 2537,144 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 o n d e n t s 5,057 32i+ Commitments t o make i n d u s t r i a l loans 6,907 F . R. notes o u t s t a n d i n g 2l+,856,l86 11+95,470' C o l l a t e r a l f o r F . R. n o t e s h e l d by F . R. AgentsGold c e r t i f i c a t e s 12,118,000 1+55,000 E l i g i b l e paper 60,856 8,738 U. S. Govt, s e c u r i t i e s . 15,675,1+80 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 99,555 1,751 21,757,981 New York Phila. Cleve. Rich. Atlanta Chicago S t . L o u i s 5,575,63U 161+0,072 209!;, 100 1651,674 1360,909 1+531,632 1075,206 Minn. Kans.Cy. 587,165 908,992 5,120,291 805,1+26 1229,673 734,lll+ 720,730 21+02,81+3 596,277 407,370 796,325 197,594 6l,870 59,319 53,121 39,778 112,931 33,912 38,185 30,555 1/167,715 34,239 39,311 20,712 17,331 57,1+87 ik-.WS • 10.568 14,795 1+26,761+ 1,912 12,029 2,1+82 3,258 1,1+39 5,1+91 1,9501,259 5,912,364903,1+47 1340,532 810,1+29 781,097 2574,700650,1+75 1+58,073 '81+3,4ll+ 1+53,546 l 6 o , 9 9 1 223,1|10 20l+,769 172,855 381,306 -128,008 66,303 118,302 Dallas SanFran* 58l+,128 2690,1+91+ 780,309 1999,005 i+9,596 32,61+0 37.251 13,9^9 57,311 1+73 2122,963 827,371 113,561 234,472 • 669 1,868 588 i+1+6 I+51 505 2,1+95 1,231 551+ 523 795 119144,037 2705,179 3659,073 2667,1+26 2315,362 71+89,506 1854,135 1H2>129 1871,213 1525,511 501+8,721+ 67,567 14,255 18,763 8,119 7,1+00 23,021 6,351+ 1+,231 6,14.1? 7,151+ 17,913 58,106 136,51+9 34,720 1+1,391+ 20,676 18,663 65,078 16,577 10,997 15,729 13,777 7,255 4,1+89 1,007 5,525 762 1,1+29 521 1,073 1,15? 1,307 2,11+0 7,596 3,590 3,862 3,350 3,01+7 5,013 2,602 2,158 2,657 2,1+78 l+,525 12163,002 2762,233 372l+,099 2702,896 23i+5,254 7581+,047 1830,189 1150,588 1897,155 1550,207 5111,206 2 / 1,618 1+10 1+70 21+8 207 688 177 1,080 1,380 79 27 31 ; 1+00 ' 5 , 7 3 0 , 5 5 6 1687,932 211+5,583 1707,559 11+08,398 l + 6 l 5 , m 1*17,161 3,1+70,000 500,000 655,000 675,000 570,000 2860,000 300,000 13,81+2 l+,735 — 3,180 li,ll+l 2,1+00,000 1200,000 1500,000 1055,000 350,000 1800,000 91+5,1+80 MATURITY DISTRIBUTION OF L0AK3 Aim SECURITIES Within 15 days'63,311 1,183 2,781,1+23 126 177 602,607^ 3,750 929,855 160 610,912 280l+,992 184.000 100 1+25,000 230,000 10,366 700,000 169,000 2000,000 3,701+ 500,000 1200,000 167 2 to 5 L to 2 6 months 91 days to years to 1 y e a r years6 months 25,078 2,09l+ — • 4,779 3,591 • 3 26 55 108 550 25 5 l+,708,393 1,530,111 5,977,096 295,1+00 11+8,350 2,300,71+9 5,626,119 l / A f t e r d e d u c t i n g $287'-»!+36,000 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 / After deducting 3,1+59,000 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 rteserve Banks. 16 t o 30 days 31 t o 60 days 61 t o 90 days hh5 Over 5 years 540,31+0
@FedFRASER