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BQA.RD 01'' 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 )j$ not e a r l i e r )
KJi.l
July 3,. 19U7
QOKDITIOH "OB T.HE FEDERAL RESERVE-.BANKS
During the week ended J u l y 2 , member bank r e s e r v e b a l a n c e s decreased
$93,000,000*' ] Reductions in member bank jreserves aroser.from i n c r e a s e s of
| 2 2 6 , 0 0 0 , 0 0 0 i n money in c i r c u l a t i o n , 1-57,000,000 i n nonmember 'deposits and
o t h e r F e d e r a l Reserve accounts and $l6,0Q0,000 i n Treasury d e p o s i t s with
F e d e r a l Reserve Banks, o f f s e t i n p a r t b y . i n c r e a s e s of .$1X0,000,000 in gold ' s t o c k ,
f88,000,000 i n Reserve Bank c r e d i t and $6,000,000 i n Treasury; currency and a d e c r e a s e of ^U,000,000 i n T r e a s u r y c a s h . Excess r e s e r v e s ' of member banks on J u l y 2
were e s t i m a t e d to' be a p p r o x i m a t e l y |550;000,GOO#<
Holdings of l o a n s , d i s c o u n t s and advances decreased $22,-000,000 while
holdings 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 $1*7,000,000. Th<? in7
c r e a s e in 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 n . i n c r e a s e of
$301,000,000 i n c e r t i f i c a t e s and a^decrease of $25U,OOQ,000 f n ' b i l l s •
Changes in 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 t h e year ended J u l y 2 , lOU7»« w ero as f o l l o w s :
Increase or decrease
since
TJ* S« Government securities
Loans, discounts, and .advances,
Other Reserve Bank credit
Juna 2 5 ,
July 2,
July 3 ,
.19U6;
19U7.
19U7
( i n m i l l i o n s of d o l l a r s )
+
- 1,37U
21,629
hi
22
128
112
+
63
. U8
UoU
1
Total Reserve Bank credit
Gold stock
Treasury currency
Member bank reserve"balances
Money in circulation
Treasury cash
Treasury deposits with F. R# Banks
Nonmember deposits and other F.R. accounts
22.1.U5
21,28!+
U.559
+ 88
+ 110
+ . 6
- i,5U9
+ i,oil+
+
19
15,988
28,1+09
1,325
658
1,603
- 93
+ 226
+
+
+
+
-
k
+ *i-6
+ 57
173
ik
92U
151
70
H.li.l(a)
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(In thousands of dollars)
July 2,
19U7
I n c r e a s e <Dr decrease
since
J u l y 5,
June 2 5 ,
191*6
I9u7
19.31*7,179*
709,896
20,057,075
•218*778
109,885
1,7U*
•118,000
28
+117*972.
- 21,157
- 22,1*78
29
+2,, 0 0 5 , 9 7 1
60,1*10
+1 ~&&W
1*1*.512
128,1*68
+
562
22,710
1U,129,175
6,1*03,266
•569,300727,390
-255,828
+501,000
+
55,280
- 1 ,171*, 716
-.. ' 2 2 6 , 5 0 0
27,900
21,629,129
+ 1*7,172
- 1 ,575,656
21,71*0,758
102
9U,093
2,582,115
51,929
1*7,557,
+ 21*, 665
- 6,75b
+ 88,083
61
781
^ 1 ,521*, 252
+
19
19,U51
+ 557,1*29
992
+
.. 282
hk,772,205
+201,971
+
711*, 50l*
Federal Reserve notes.
Deposits
Member bank - reserve account
U# S,Treasurer-general account .
Foreign
Other
Total deposits
Deferred availability^items
Other liabilities including accrued
dividends
TOTAL LIABILITIES
P I
L A C C 0 U N'. T "*S
2U,26o,l7l*
+195,820
-
61,1*51
15,988,2kk
658,199
1*62,5^2
5lU,625
17,625,608
2,173,1*11*
+
'+
+
+
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital 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
192,090
1*59,825
27,1*55
1*1,625
1*1*, 772,205
Gold c e r t i f i c a t e s
Redemption fund for F . R,, n o t e s
T o t a l gald c e r t i f i c a t e r e s e r v e s
Other cash
Discounts Jmd advances
I n d u s t r i a l loans
Acceptances purchased
l \ S. Govt,, s e c u r i t i e s :
Bills
Certificates
Notes
Bonds
T o t a l U, S. "Government
securities
T o t a l loans and' s e c u r i t i e s
Due from foreign banks'
F# R# notes of" other banks
Uncollected itemsBank premises
Other assets
TOTAL ASSETS
«•
ilil'l hi 1111
+
92,51*1
16,585 • •+
57V 555 •+
5,01*1*
+
15,559
+
25,590
U
.
9,016
1*1*, 071,212
1*7.9$
172,776
151,11*6
1*2,71*1*
1*3,590
529,768
582,660
0
- 7,1*1*5
+200,1*08
-
+201,971
+
+
+
+
+
+
'+
302
+
1,261
,#
355
T~ 650,622
8,872
81,1*68
27
26,685
711*,30l*
!*,!*/«
5,502
1*15
+
5,502
7,036
11*
+
1,629
H.U.l(b)
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 2 ,
( I n thousands of d o l l a r s )
l^kl
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
F . R. n o t e s
T o t a l gold
reserves
19,31*7,179
Boston
New York
71*7,675 6,066,316
709*896
5U,Q87
113,9U5
20,057,075
801,762
6,200,261
218,778
109,88^
1,71*1;
23,71*2
9,175
9
37,893
20,887
—
Fhila#
Cleve.
R i c h . - A t l a n t a , Chicago St*Louis
815,2.39 111*2,602 9U3,98U
60,56!*
75,502
53,781
920,3751*076,625
U3,532
Minn. Kans.Cy.
D a l l a s SanFran.
5^6,865
370,^3
579,000
1*60,9162657,089
80,895 .1*5,1*78
21,189
33,229
2L*,251 105,1*1*3
592,3U3
391,632
612,229
1185,1672760,532
12,71*0
16,233
.4,016
6,188
certificate
Other cash "
Discounts and advances
Industrial loans
U. S. Govt, securities:
Bills.
Certificates
Ivotes
Bonds '
T o t a l U.S. Government
securities
lit, 129,173
6,1*03,266
369,300
727,390
21,629,129 ll;27,695
" 21,71*0,758 11*36,879
Due from foreign banks
102
6
P,R. notes of other banks
9l*,093
l*,22s
Uncollected items
* 2/582,9.13 212,259
17,060
10,718
11,756
12,028
19,831
3,011;
29,337
6,1*05
5,260,552 161*1,884 2163,121 1392,551 1161,61*1 281*7,919 1091,752
'8,922
15,301-.
10,733
2,108
28,91*1
2,1*20
627,932 1081*,075
892,1*76 2037,531
5,281,1*39 161*9,027 2173*839 ll*ol*,579 1161*,655 285l*,32l* 1107,985 63l*,l2o 1099,376 89^,581* 2039,951
l / 33
8
9
5
1*
ll*
' 1* ' "
y
' )\
3
9
1*0,577
1*,797
5,1*81*
9,806
8,1*55 12,681
5 , 6 1 2 ; 6,260
6,813
3,852
15,536
1*89,1-52 176,078 21*7,930 228,6ll* 157,351 1*18,892 119,657
63,981* 131,728 ill*,075 222,393
Bank premises
* 31,929
1,26?
8,3^*9
other assets
. *U7,357
3,135
11,709
11,807
5,1*08
1,735
937,555 3,275,361* 1151,166 11*18,700 937,009 73l*,221* 192^,6^1 685,521* U 5 , 2 9 0 722,599 537,313 1339,738
1*18,1*69 1,69!; ,902 1*18,962 635,566 388,930 322,228 788,270 3u6,827 181,51*9 308,6-19 303,229 595,715
211,135
97,751
2^,163
36,656
22,1*31
18,581* U5,U63 20,003
10,U70
17,799
17.1*88
3U,357
1*7,536
192,535
1*7*593 72,199
1*1*, 181 36,605
89,51*5 39.39S
20,625
35,058
5l*,l*l*6
67,671
T o t a l loans and
securities
TOTAL ASSETS.
875,853 1218, lol* 997,765 963,907 U57,520
3,112 f
.2J56
:
3',79l*
2,61*1*
1,505
3,030
U,873
2,751*
2,572
6,180
.,1,988.
2,850
1,221*
.2,1*86
778
1,750
^1,325
2,217
2,286
1*,700
1*1*,772,205 21*83,272 12,039,1*13 2723,1*38 3671,093 2657,923 2318,280 7U81,978 181*3,1^79 110l*,561* 1863,775 1511,1*78 5073,812
l / i 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 1 of o t h e r F e d e r a l Reserve Banks
H.l+.l(c)
STATEMENT OF CONDITION OF TIM FEDERAL RESERVE BAKKS ON JULY 2 , 191+7
{•
(In thousands of d o l l a r s )
Boston
L I A B I L I T I E S
..
Total
F e u e r a l Reserve n o t e s
2l+,260,17l+ 11+65,621+
Deposits:
ksxaber b a n k - r e s e r v e a e c t . 15,988,21+1+ 726,075
U.S.T'fsasurer-general a c c t .
658,199
29,979
Foreign
1+62,51+2
28,781
Other'
51U,625
2,785
Total deposits
17,625,608
Deferred a v a i l a b i l i t y items 2,178 ,i+ll+
Other l i a b i l i t i e s i n c l u d l n
9,016
accrued d i v i d e n d s
TOTAL LIABILITIES
1+1+,071,212
C a p i t a l p a i d i©
192,090
Surplus ( S e c t i o n 7)
1+59,825
Surplus ( S e c t i o n 15b)
27,1+55
Other c a p i t a l a c c o u n t s
. U,625
TOTAL LIABILITIES AND
.••-?'
CAPITiiL ACCOUNTS ,;
l+l+,772V2p5
Contingent l i a b i l i t y , on b i l l s purchase
for foreign correspondents
5,502
Commitments.to make i n d u s t r i a l
loans
7,03^
F. R, n o t e s o u t s t a n d i n g
2l+,8l+0,0l+6
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. a g e n t s :
Gold c e r t i f i c a t e s
12,285*000
E l i g i b l e paper
68,570
U. S. Govt, s e c u r i t i e s
15,562,1+82
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
109,835
1,71+1+
21,629,129
787,618
186,1+96
Ne"w York
.'PhiId,
Gleve,
R i c h , A t l a n t a Chicago St.Louis
5,620,265 161+6,909 2097,865 1662,917 1567,582 1+558,575 1078,772
Minn, Kans.Cy.
589,690 907,565
D a l l a s SanFran.
581,650 270l+,762
5,025,789
191,1+88
l / l 5 7 ,i+ll+
1+52,269
796,205 1191+J+12
1+1,1+97
1+5,917
36,336
1+1,720
5,6M+
12,951
705,520
1+1,598
21,981
2,1+20
717,1+76 251+7,388
55,031
9l+,ll+3
18,395
61,010
5,31+1+
5,5U2
571,21+5
38,183
15,701
6,059
595,051
55,699
11,215
2,256
771,1+02
50,965
15,701
1,505
758,577 1981,126
30,812
1+2,889
ll+,8ol+
59,1+86
601
1+5,289
5,806,960
591,71+6
877,680 1295,000
11+1,1+29 212,592
769,519
189,71+8
774,21+1; 2506,085
ll+6,52l 3kl,h0B
651,163
106,951
W+,l8l
51,999
819,571
,110,590
80l+,79l+ 2106,790
100,027 199,327
1+76
1+20
1,695
hU
569
299
k29
565
885
695
2,175
395
21+58,507 11,821,11+6 2666,581 5606,51+2 2622,660 2288,567 7587,759 1817,266 1086,169 1857,91+5,1486,900 5011,572
11,177
67,551
H+,250
18,758
8,102
7,565
22,999
6,552
!+,22l+
6,1+00;'
7,109
17,885
27,557
156,51+9
34*720
1+1,391+
20,676
18,665
65,078
16,577
10,997
15,729
15,777
58,106
5,012
7,255
l+,l+89
1,007
5,325
762
1,1+29
521
1,073
1,137.
1,307
2,11+0
5,219
6,954 . 5,1+18
5,612
5,160
2,925
1+,715
2,1+85
2,101
2,566
2,585
1+,1H
21+85,27-2 12,059,1+15 2725,458 5671,095 2657,925 2518,280 71+81,978 181+5,179 110l+,561+ 1365,775 1511,1+78 5075*812
552
11+95,345
2/l,76l
1+1+6
512
270
224
7I+8
192
158
192
1,071+
1,508
82
27
52
-1+00
5,729,1+75 1688,126 2ll+i+,9l3 1710,067 li+11,985 1+607,906 1101+,1+70
—
602,571+
5,750
925,230
181
1+81+
—
165
609,011 2810,91+1+
1+55,000•" 5,1+70,000 500,000 650,000 675,000 5 7 0 , 0 0 0 5 0 5 0 , 0 0 0 500,000 i8l+,ooo 280,000 169,000 2000,000
5,500
7,1+15
12,087
5,180
—
10,580
—
—
15,270
ll+,338
1100,000 2,1+00,000 1200,000 1500,000 1055,000 850,000 1600,000 952,1+82 1+25,000 700,000 500,000 1100,000
MATURITY DISTRIBUTION OF LOiiJS AND SECURITIES
16 t o
Within
51 to
61 t o
6 months
91 days t o
1 to 2
2 to 5
Over
1'5" days : 60 days
to 1 year.
50 -d»ys
years
90 days
6 months
years
5 years
6,205
85,878
i+,269
13,535
330
108
-26*
1,187
34
53
3
3
542,01+0
2,29.1,593
4,420,686
5,^2,460
1,629,753
3,670,596
295,400
148,350
3,188,251
l / A f t e r d e d u c t i n g $305,048,000 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 / ISter
deducting
$3,74l*OOQ 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.
..mrffr l i . u i
1 1 11 11
@FedFRASER