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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, June 2 7 ; n o t e a r l i e r ) H.U.I June 2 6 , I9J47 CONDITION OF THE FEDERAL RESERVE B A M S During the week ended, June 25 member bank reserve^ balances decreased $l60,000,000*- Reductions in member bank, reserves arose from increases of $1|17,000,000 in Treasury deposits with Federal Reserve Banks and $(62,000,000 in nonmeiriber deposits and other Federal Reserve accounts? and a decrease of $8,000,000 in Treasury currency, offset in part by.increases of $260,000,000 in Reserve Bank credit and $5.1,000,000' in gold -stoclc and decreases, of $12,000,000 in money in circulation and $1|,000,000 in Treasury cash. Excess reserves of member banks on June 25 were estimated to be approximately $730,000,000. Holdings of loans, discounts and advances showed little change for the week. Holdings of United States *Govarnme^it securities increased $396,000,000, reflecting a like increase in bills. Changes in member bank reserve balances and related items during the week and the: year ended June 25, l9l*7> were as follows • Increase or decrease since June 25, • I9I1T June 18, I9I47 June 26, 19^6 (In millions of dollars) + U. S. Government securities Loans, discounts and advances * Other Reserve Bank credit 21, , 582 13]4 31*1 - 136. -. - Total Reserve Bank credit Gold stock Treasury currency 22,.057 21, ,17U h,.553 + + - 260 51 8 - 1 ,929 + 905 + 1U Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F.R. accounts 16.,081 28,,183 L .329 61|2 1;,551 _ 160 12 + + + 396 — _+ + ' h hn 62 -1,803 98 27 171 J48 933 328 32 •HfJ|.l(K STATEMENT OF CONDITION OF THE TWELVE' FEDERAL "RESERVE* BANKS COMBINED (In thousands of dollars) Increase or decrease since Julie 25, 19U7 June 18, 19U7 June 26, 19U6 19,22 9> 179 709,921+ 19,939,103 239,9315 132,363 1,77-3 + 1*8,003 318 + 1*7,685 + 9,885 398 + 67 +1,887,1214 51,055 +1,836,069 39,691 98,880 + 581; 18,173 Hi,383,001 6,102,266 369,300 727,390 +396,290 - 16,2U5 - 380,101; -1,378,900 27,900 ?1,581,957 +396,290 -1,803,11*9 21,716,093 102 100,8J43 2,U9U,030 31,990 ••395.959 -1,919,618 A S S E T S Gold certificates Redemption fund for F# R# notes Total gold certificate reserves Other cash Discounts and advances Industrial loans Acceptances purchased U. S# Govt, securities3 Bills Certificates Notes Bonds T o t a l U, S. Government securities T o t a l Joans 'a*ifl 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 U n c o l l e c t e d items Bank premises Other a s s e t s • • 2,858 -511,55li • . " 16 - 1,012 + + 18 18,952 308,618 976 2,188 lj.6,158 TOTAL ASSETS 61,911 :+ 163,280 3,718 26,132 1*1*, 570,231* 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 a c c o u n t UfStTreasurer-general account Forej gn 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 a c c r u e d 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 l j 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 # n o t e 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 o n d e n t s Commitments t o make i n d u s t r i a l loans 2j*,o61*,35l* - 16,080,585 61*1,816 1*05,187 509,579 17,637,167 2,152,821^ -160,395 +I|17,2l46 + 99,722 - 1*1,788 + + +3114,785 -375,870 •+ 170,823 327,721 113,929 78,332 192,1*95 317,1*95 16,1*59 143,870, ROli + .1,71*2 - 63,061 + + 690 99,558 191,788 1*39*823 27,1455 140,361; 1*1*. 570,231* + + + 1*7.3# 5,917 7,022 92 l_.liP58 - 61,911 •a?. .3 73 110 8,928 81,1*68 + 27 26,701 + .163,280 l*.6fo 5,917 1,538 H.4.1(b) STATEMENT OF CONDITION.OF THE FEDERAL-RESERVE BANKS ON .JUNE 25, I947 (In thousands-of. dollars) 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 Boston New York Phila. 19,229', 179 757,296 5,901,288 8lU,852 11146,771 92a,487 7Q9.92U- .54,187 114,560 6,015,648 48,025 31,518 — 59.752 Cleve. 74,650 19,939,103 239,955 152,563 1,773 811,483 20,521 9.601 9 874,584:122l,li01 14,713 20,483 8,913 15,513 1,761; 14,383,001 6,102,266 369;300 727,390. 9ul,304 3,471,812 1121,783 1500,294 1*20,057 1,560,522 U36,128 549,180 25,421 94,440 26,394 35,256 50,071 186,011; 51,986 65,462 Rich. 5u,527 Atlanta Chicago St.Louis' 912,537 1+447,889 U5,652 81,053 979,014-956,1694528,947 13,766 20,752 51,169 5,036 13,255 6,071 966,725 376,17k 22,766 44,840 552,69Q - Minn. -Kans.Cy. Dallas SanFran. 3>9,457- 59^,898• 453,488 2373,526. 45,515 .21,209 53,2,55 24,291 103,540 477,769 2kTi,066 598,205 13,155 9,855 370,666 5,722 10,218 - 628,153 9,597 12,934 793,079 1545,591 721,869 313,713 814,629 314,816 18,985 49,300 19,052 37,594 97.1QU 57.526 433,790 174,467 10,559 20.797 710,844 283,432 17,153 10,491.751 3l,7li.3 8,720 579,722 1596,190 272,399 586,749 16,485 35,509 52.1i70 oQ.Qlil 53,785 Total U.S.Government securities 21,501,957 11456,855 5,512,788 1656,291 2148,172 lit 10,505 1163,171 2506,621t 1093^63 639,615 1045,214 901,0762288,589 Total loans and securities 21,716,093 1446,463 5.544,306 1646,968 2163,685 11425,736 H69,2l;2 2511,660 1103,118 649,851 1058,148 901,827 2297,109 Due from foreign banks F.R.notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 102 6 100,843 .4,692 2,4911,050 205,855 51,990 1,275 US, 138 3,261 1/33 11,312 466,676 8,567 11,781* : 8 9 5 5,708 6,456 9.926 161,386 238,2 4 8 "243,581 5,112 3,803 2,651 2,931 4,579 2,975 k 10,039 161,810 1,505 2,619 1I4 h 12,802 9,120 350,741 111,379 3,037 1,992 6,542 2,765 5 6,187 62,227 1,227 1,552 : h 6,758 146,651 • 2,491 2.109 3 3,9u5 99,515 781 2,169 9 15,918 245,961 1,751 5,052 44,570/234 21193,354 11,906,l"5l 2709,410 3658,644 2675,654 2522,140 71444,912 1839,734 1097,2151853,911 11496,500 5072,609 l/ After deducting $69,000 participations of other Federal Reserve Banks. H.4.1(o) STATEMENT OF CONDITION OP THE FEDS PAL RSSExVE BANKS OS JUKE 2 5 , 1947 ( I n thousands of d o l l a r s ) L IA B I L Total Boston E S F e d J r a l Reserve n o t e s 24,064,354 1451,163 Deposits; Member b a n k - r e s e r v e a c c t . 16,080,585 718,824 U.S.Treasurer-general acct. 64l,8l6 55,321 1\!GW York Phila. Clcvo. Rich. A t l a n t a Chicago S t . L o u i s 5,543*152 1635,715 2079,449 1657,528 1361,734 4510,486 107.2,235 Minn. Kans.Cy. 587,059 900,668 Dallas Saru-'ran. 575,282 2689,883 5,078,387 123,270 800,932 1208,663 1+4,61+1+ 51,150 694,1+03 64,748 706,239 2382,501 1+3,721 94,245 593,229 27,977 Foreign ot *er Total deposits 24,9-09 • 3,291 802,345 l/l4'l,153 421,007 5,765,817 31,436 36,095 2,492 11,753 879,504 1307,639 19,017 2,786 780,954 15,912 52,782 5,685 4,694 769,557 2534,022 396,251 28,016 9,705 2,905 13,584 5,355 640,61+3 436,875 809,673 Deferred a v a i l a b i l i t y items 2,152,824 194,065 Other l i a b i l i t i e s i n c l u d i n g 16,459 accrued d i v i d e n d s 917 TOTAL LIABILITIES 4 3 , 3 7 0 , 8 0 4 21+48,490 Capital p a i d i n 191,788 11 ,174 Surplus ( S e c t i o n 7) 439,823 27,557 Surplus ( S e c t i o n - 1 3 b ) 27,455 3,012 Other c a p i t a l accounts . 40,364 3,121 TOTAL LIABILITIES AND '?~ ' " CAPITAL ACCOUNTS 1+4,570,254 2493,354 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 5,917 379 Commitments to make i n d u s t r i a l loan s 7,022 — F . R. n o t e s o u t s t a n d i n g 24,756,553 1482,194 C o l l a t e r a l f o r F . R. notes h e l d by F . ,ft. A g e n t s ; Gold c e r t i f i c a t e s 11,998,000' 455,ooo ; E l i g i b l e paper 32,552 8,553 U. S. Govt, s e c u r i t i e s 13,587,367 1100,000 3 76,4.03 136,456 201,205 160,527 100,51+8 117*18? 761,079 1973,598 50,298 29,537 34,207 12,807 1,363 49,249 804,786" 2107,352 91,225 211,635 405,187 509,579 17,657,167 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 152,565 1,775 21,581,957 205,357 304,Oo7 54,299 766,679 28,389 15,584 521 l,6ll 601+ 600 672 622 2,1+42 1,327 5,239 989 730 JL06 11,688,611 2652,664 3594,056 261+0,1.17 2292,524 7351*017 1813,330 1078,855=1828,128 1471,965 5010,247 67,360 6,318 4,223 14,209 13,722 8,092 6,395 7,105 17,874 7,343 22,973 34,720 136,549 41,394 20,676 16,577 '15,729 13*777 58,106 65,078 18,663 10,997 1,00? 4,439 1,073 1,307 3,32 5 521 1,137 7,253 2,140 1,429 762 2,067 3,528 2,346 3,465 3,141+ 2,522 2,1+88 6,378 4,242 40+15 2,848 [ 11,906,151 2709,410 3653,61+4 2675,654 2322,140 7W+,912 1339,754 1097*215 1853,911 1496,500 5072,609 2_/l,894 1+79 550 290 242 8O5 20? — i,o45 1,524 81 27 52 400 5,698,895 1680,690 2128,385 1709,11+1+ 1399,191 4533,019 1106,843 148 601,823 207 521 5,750 165 921,092 608,288 2816,1+89 5,1+70,000 500,000 645,000 675,000 570,000 5000,000 500,000 i84,ooo 280,000 15,574 7,560 — 12,415 — ' — 9,270 9,800 12,350 2,400,00c 1200,000 1500,000 1055,000 850,000 1600,000 957,367 425,000 700,000 MATURITY DISTRIBUTION OF LOANS AID SECURITIES 6 months 16 t o Within 51 t o 91 days t o 6l to l to 2 to 1 y e a r 50 days 60 days 6 months 15 days 90 days years 108 ,859 1,216 4,018,252 195 169,000 1750,000 7*250 500,000 1300,000 2 to 5 years Over 5 years 10,800 4,014 2,755 5,955 108 26 330 3 34 3 53 295,400 542,040 148,350 5,775,622 4,445,568 851,203 2,022,008 3,43-3,53^ l / A f t e r d e d u c t i n g $263,908,000 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 B a r k s . 2 / After deducting $4,023,000 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.
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