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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 8 ; n o t e a r l i e r ) H.4.1 June 2 7 , 19^6 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 2 6 , member bank r e s e r v e ^ b a l a n c e s decreased $6,000,000* Reductions„in. member bank r e s e r v e s a r o s e from i n c r e a s e s of $469,000,0t)0 i n T r e a s u r y d e p o s i t s w i t h F e d e r a l Reserve Banks, $19,000,000 i n money i n c i r c u l a t i o n , and $2,000,000 i n T r e a s u r y c a s h , and a d e c r e a s e of $5,000,000 i n gold s t o c k , o f f s e t i n p a r t by i n c r e a s e s of $450,000,000 i n Reserve Bank c r e d i t and $3,000,000 i n T r e a s u r y c u r r e n c y and a d e c r e a s e of $52,000,000 i n honmember 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 . Excess reserves, of member banks on June 26 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 $710,000,000. Holdings of l o a n s , d i s c o u n t s and'advances d e c r e a s e d $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 $69!*,000,000. The i n c r e a s e i n holding'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 $545,000,000 i n b i l l s and $150,000,000 i n c e r t i f i c a t e s . 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 t h e week and t h e year ended June 26, 1946, were .as f o l l o w s j Increase* or decrease since June 26, .1946 June 19, 1946 June 27, 19U5 (In mi.1lions of dchilars) 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 Othor Reserve Bank c r e d i t 25,585 252 287 - Si - 224 +1,&>2 + 26 25 T o t a l Reserve Bank c r e d i t Gold s t o c k Treasury currency 25,904 20,269 4,559 + 450 5 + 5 +1,695 + 6 + 595 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 "deposits w i t h F t R. Banks Nonmember d e p o s i t s and o t h e r F.R.accounts 15,910 28,155 2,262 888 1,519 6 +• 19 + 2 + 469 52 +1,150 +1.507 52 + 201 - 709 + -694 adrift) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE PANKS COINED (In thousands of d o l l a r s ) Increase or decrease since June 27, 191*5 June 26, . 1*6 June 19, 19**6 17,3i£,055 760,979 18,103,031* 279,626 231,21*3 1,189 18,173 - 12,005 ♦ 8,91*1* - 3,061 - 3,718 - 20,016 71 + 3,055 + ll*, 399,21*6 6,1*82,370 1,71*8,200 755,290 +51*5,032 +11*9,500' +1,1*27,128 +• 558,359 + 61*,250 - 357,352 ASSETS Gold c e r t i f i c a t e s Redemption fund for F. R. notes Total gold c e r t i f i c a t e reserves 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 i Bills Certificates Notes Bonds Total U, S. Government securities • 23,385,106 +£9i*, 532 +1,692,385 Total loans and s e c u r i t i e s 23,635,711 . +677,500 +1,737,228 Due from foreign banks F. R, notes of" other banks Uncollected items Bank premises Other a s s e t s '81*. 119,795 2,185,1*12 32,966 • 50,326 -- ' 572 -535,681 39 + 1,537 26 + 35,512 + 355,990 1,128 5,121 l*l*,l*06,95l* +135,966 +2,181,993 2^,090,1*86 + 12,795 +1,11*7,865 - 6,621 +1*68,906 - 33,009 - 1,159 +1*28,117 . -308,321* +1,11*9,772 +' 200,711 - 778,550 1*5,135 + 526,798 +: 399,835 15,769 1*3,771,21*6 + 1,526 +131*. Hi* + 2,988 +2,07.7,1*86 182,860 358*355 ' 27,1*28 67,065 1*1*, i*06,95k ♦ + 1,631* +135,966 + 13,l*o6 + 130,202 + 263 t 39,361* +2,181,993 - - TOTAL ASSETS -• —. + + + 65,155 61,621 3,531* 63,072 28,771* 2,101* 18,173 ■v *" ' L I A B I L I T I E S Federal Reserve notes Deposits? Member bank - reserve account U. S, Treasurer - general account Foreign Other Total deposits Deferred a v a i l a b i l i t y items Oth^r l i a b i l i t i e s including accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid i n Surplus (Section 7} / Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold c e r t i f i c a t e reserves t o deposit and F.R. note l i a b i l i t i e s combined Commitments t o make i n d u s t r i a l loans . 15,909,7& 887,998 519,H6 131,21*7 . 17,71*8,123 1,916,868 \$*% 5,1*81* 218 — + -W 88 + \M 93 3.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAlvXS 'ON JUKE. 26, 1946 ( I n thousands of d o l l a r s ) A S S E T S Total Gold certificates Redemption fund Boston New York 17,342,055 760,834 4,956,762 Phila. Clove* Rich. Atlanta Chicago S t . L b u i s 852,367 1099,767 86o,o49 926,6063605,317 Minn. Kans.Cy. 551,568 327,682 D a l l a s SanFran. 546,250 468,367 2336,486 for F. R. notes 76o,979 $7,824 118,208 59,62o 76,354 61,533 43,376 111,471 U2,45Q 19,952 5 k , 8 l 5 , 25,743 109,833 Total gold c e r t i f i c a t e reserves other cash. D i s c o u n t s and advances Industrial.iQahs Acceptances purchased U. S. Govt, s e c u r i t i e s : B i l l s Certificates Notes Bonds _ 18,103,034 818,658 5,074,970 9H,987 1176,121 921,582 969,9823716,788 279,626 17,981 78,448 18,853 2o,657 17,290 20,996 30,li9i 251,243 1,189 18,173 13,759 82 — 56,686 — 18,173 14,399,246 906,165 3,753,197 15,004 1,107 24,510 24,540 932,698 1269,282 917,448 11,660 59^,018 3^7,634 581,065 494,HO 2496,319 n,l*2i 4,021 16,384 9,710 33,374 31,U80 23,130 3,000 8,210 753,210 199^,078 613,991 362,6o4 645,412 3,984 15,280 518,862 1712,299 6,482,370.. 430,211 1,629,338 489,887 624,970 4o6,784 324,906 835,510 325,264 184,923 308,927 274,558 647,092 1,748,200 116,021 439,1*08 132,115 168,544 109,705 87,622 225,326 87,719 1+9,871 83.31U 7U,o43 174,512 755,290 50,126 189,841 57,079 72,817 47,397 37,856 97,349 37,898 21,546 35,995 31,990 75,596 T o t a l U . S . Government securities 23,385,106 1502,523 6,011,784 1611,779 2135,613 ihBl,}3k 1203,59^ 3152,263 1064,872 638,944 1073,648 899,*453 2609,299 T o t a l loans and securities 23,635,711.1516,364 Due from f o r e i g n b a n k s 845 **R.notes of o t h e r "banks 119,795 - U,250 , Uncollected items 2 , 1 8 5 , 4 1 2 178,728 Bank premises - 32,966 1,329 Other a s s e t s 50,326 3,124 TOTAL ASSETS 6,086,643 1627,890 2160,123 1505,874 1215,254 3183,743 1088,002 641,944 1081,858 903,^37 2624,579 l/28 7 17,1855,1*66 477,893 135;093 8,583 3,24l 11,726 3,208 8 5,485 185,807 3,942 5,647 4* 3 24,453 9,22£ 183,859 130,774 2,728 1,547 3,221 2,568 ' 11 12,688 337,315 3,085 7,109 3 8,.375 85,159 2,036 2,940 '2 3 4,622 6,262 48,098 104,922 2,562 1,273 2,196 1,31+4 7 3 18,809 2,975 91,057 226,707 1,825 815 2,246 hs?9l 44,4o6,95U 2540,439 1 1 , 7 5 5 , 4 7 6 2705,745 3557,790 2658,811 2350,349 7291,230- -1791>9* 1048,938 1795,252 1504,353 5Uo6,6l7 l/ A f t e r d e d u c t i n g $56,000 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. H.li.l(c) L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDEJ&L RESERVE BANKS ON JUNE 2 6 , I9I+6 (Ln t h o u s a n d s of d o l l a r s ) 1 Total Boston New York Phila, Cleve, Rich. Atlanta! Chicago S t . L o u i s Minn, Kans.Cy. D a l l a t S&nFran. 2k, 090 ,1+86 l!+7l+,l+01 5,l+3l+,211+ 1627,956 2052,603 1653,929 I U 2 1 L , 1 5 0 1+1+27,655 101+6,668 556,1+28 887,075 593,755 F e d e r a l Reserve n o t e s Deposits: Member b a n k - r e s e r v e a c c t . 15,909,762 727,691 5,050,755 795,1+21 lll+i+,976 687,659 719,l61i 2270,032 590,921 396,709 760,773 71+9,127 30,128 U.S.Treasurer-general acct. 887,998 35,660 173,589 90,351 188,586 75,512 82,571 102,576 1+3,703 26,685 21,325 16,068 Foreign 519,116 15,581 18,505 65,21+7 31,51+9 1/195,925 1+0,1L11+ 1+5,285 22,385 16,555 12,173 2,621+ 8,916 Other I4.31,21+7 795 l+,602 506,620 3,614.7 9,151+ 2,3^8 93I+ 2,217 5,31+5 Total deposits 17,7ij8,123 35l+,193 5,759,681+ 912,791+1281,981+ 815,1*58 775,51+1+2512,015 6^6,520 1+58,191 798,961 809,51+5 D e f e r r e d a v a i l a b i l i t y i t e m s 1,916,868 169,81+5 375,227 112.,085 162,551+ 157,31+1+ 123,799 26^,132 75,263 3 7 , 1 8 9 ' ^ 85,830 73,585 Other l i a b i l i t i e s including accrued dividends 1^,769 1+20 651 5,182 601+ 702 51+8 930 J+78 51+7 879 1,1+79 TOTAL LIABILITIES 1032,228 1768,998 1+3,771,21+6 21+99,369 H,55l+,507 2655,711+51+98,620 2627,1+55 232l+,12l+ 7206,276 1772,1+11+ 11+32,289 C a p i t a l p a i d in 5,336 . 182,860 6,615 3,968 ; 10,329 6^,590 13,U9l+ 6,025 13,309 7,61+5 6,830 21,953 S u r p l u s ( S e c t i o n 7) 10,670 8,369 22,1+59 116,360 28,9li-6 12 ,959 11,891 353,555 33.7145 15,593 lli ,1+50 53,029 S u r p l u s ( S e c t i o n 13b) 1,507 27,1+28 3,012 7,205 1+,501 527 1,137 1,007 3,326 762 1,IL29 1,073 Other c a p i t a l accounts 2,800 67,065 5,6O1L l+,790 12,711+ 5,090 5,1+72 3,737 6,109 li,8ll+ 1+,185 8,5^3 TOTAL LIABILITIES ^ND CAPITAL ACCOUNTS Commitments t o make i n d u s t r i a l loans Total 2016,531+ 19,912 1+0,935 86,055 2163,1#6 275,015 l,3li9 5351,1+71+ 16,913 28,921+ 2,1/42 7,159 l+li,l+06,95l+ 251+0,1-39 11,755,1+76 2705,lh5 3557,790 2658,811 2350,31+9 7291,230 1791,951+ 101+8,933 1795,252 !50l+,353 51+06,617 • — — 5,600 170 15 521 262 916 5,1+81+ ~2i+,797,959 1511,035 5,597,91+9 1669,905 2100,629 1707,235 li+59,91+6 1+505,986 l03.1+,568 567,855 907,508 622,566 3063,161 F . R. n o t e s o u t s t a n d i n g 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 11,019,000 1+50,000 E l i g i b l e paper 75,21+9 6,079 U. S . Govt, s e c u r i t i e s ii+,477,708 1100,000 Discounts and advances I n d u s t r i a l 1 bans Acceptances p u r c h a s e d U S . Govt, s e c u r i t i e s 2911,67!+ 251,21+5 1,139 13,175 23,335,106 3,320,000 500,000 655,000 550,000 61+0,000 2325,000 18,900 — 16,726 5,01|IL 1550,000 1175,000 850,000 2200,000 2,300,000 1200,000 MATURITY DISTRIBUTION OF LOANS *M) SECURITIES Within _ 15 days * 95,198 .1,012 5,265 : •1+,556,617 16 t o 50 days l!+,608 6 1+,901 • 2,233,165 31 t o 60 days 10,1*9^ 9 5,897 5,356,590 6l to 90 days 91 days t o 6 months 300,000 19,050 902,708 170,000 H.00,000 6 months to 1 year HO.,9U3 --»•-' '3 2,110 5,950,616 '?? 15 1,577,150 2', 359,080 - 280,000 l+,250 700,000 169,000 1700,000 5,200 500,000 1600,000 1 to 2 years 2 to 5 years 19 1+5 AL6,1L00 1+1+5,250 l / After deducting S32l4.,77l+.,000 participations of other Federal Reserve Banks Over 5 years 582,1-1,0
@FedFRASER