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BQA.RD OF1 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, June U#I9U8) June 3 # I9I48 H.U.1 CONDITION OF THE FEDERAL RESERVE.BANKS During t h e week ended June 2 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 $193,000,000* A d d i t i o n s t o member bank r e s e r v e s a r o s e , f r o m d e c r e a s e s of $221,000,000 i n Treasury d e p o s i t s w i t h F e d e r a l "Reserve Banks and $30,000,000 i n nonmerhber d e p o s i t s and o t h e r F e d e r a l Reserve accounts vand increases of $91,.000,000 in Reserve Bank credit and $1*8,000,000 in gold stock, offset in part by increases of $195,000,009 in money in circulation and $2,000,000 in Treasury cash* Excess reserves of member banks on June 2 v/ere estimated to be approximately $920,000,000t Holdings of loans,, discounts,-and advances decreased.$82,000,000 while holdings of United States Government securities increased $91,000,000* The increase in holdings of United States Government securities reflects increases of $liUi,000,000 in certificates, $77,000,000 in b i l l s and $11,000,000 in notes and a decrease of $li|0,000,000 in-bonds. Changes in member bank reserve balances and related items during the week a nd the year ended June 2, I9I18, were as follows: Increase lor decrease since June 2, 19^8 May 26, June \x$ 19U8 19U7 (In millions of dollars) U# S/ Government securities Loans, discounts and advances Other Reserve Bank credit 20,683 2U0 368 + + 91 -82 82. -1,077 + 65 + 69 Total Reserve Bank credit Gold stock Treasury currency 21,292 23,31+3 1*,562 + + + 91 no - 9U2 +2 ,"3 53 Member bank reserve balances Money in circulation Treasury cash Treasury deposits ^ i t h F,R# Banks Nonmernber deposits and other P.R^accounts 17,09k 27,895 1,335 1,567 1,305 + + + - 193 195 2 221 30 A + l +1,173 - 366 31 + 91U - 280 STATEMENT OF CONDITION OF .THE TTJELVE FEDERAL JiBS'ZRm BANKS COMBINED ( I n thousands of doilairsj) H # !i # l(a) I n c r e a s e or d e c r e a s e s mc e June 2 , I9JU8 May 2 6 , 191*8 June i*, 191*7 21^55,170 ' 620,721 22,075,69^4 21*5>?i*5 239,1.56 906 +50,000 + 1 +' 50,001 -35,076 -81,301" +2, k 3 0,1*92 91,691 +2,338,001 + 15,1*86 + ' 65,71*0 791 8,273,091 it, 2 6?, 507 1,957,800 _6,182,786 •+76,500 +11*3,511; * 1 1 , OCT "' -Ii40,2ll4 4,389,2114 -1,731,759 +1,588,500 +5,1*55,396 20,685,181 '+ 90,800 v * + 9,520 -1,077,077 \ A S S E T S. Gold certificates Redemption fund for F. H.1notes Total gold certificate reserves GvJL >•• cash D. v. ounts and advances l.r oostrial loans U. 3t Govtt securities 5 Bills Certificates Notes Bonds Total U» S, Government securities Total loans and securities Due from foreign banks Fr R# notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS L I A B I L I T I E. S Federal Reserve notes Deposits* Member bank -reserve account U«S0Treasurer-general 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 LABILITIES C A P I T A L ACCOUNTS Capital paid i n Surplus ( S e c t i o n 7) Surplus ( S e c t i o n I J b ) Other c a p i t a l a c c o u n t s 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 to d e p o s i t and F„ R. note l i a b i l i t i e s combined * Contingent liability on bills purchased for foreign correspondents Commitments to make industrial loans 20,923,5148 1*9 95,136 2,61*0,713 32,566 I69,8d5 1*6,182,963 + 21 - 9,21*9 +151, iAk U') z_ 12k -'1,012,128 53 * 7,610 .+ 2614,01*9 + 562 +" 120,351 +1146,127 +l,73u,673 253,71*1,1* $0 +153,525 • •17,0ok, 3 8)4 +193,317 1,567,539 ; ) 0 ?20 U11, '8 62 19,H5,305 2,272,692 - 30,078 • •- 3,91*5 r 6oOO -+ 50,108 +1,173,775 + 9114,336 - 168,081* 31,210 +1,835,317 *+ 1914,627 I6,8l9 h 5J4/4.6,766 i,o6U +11,1,6i*2 + 3,161 _ +1,691* ,-a?7 198,226 1*1*8,189 27,51*3 62,259 It 6,182,9-63 + 51.270 3,291 6,603 106 + 0579 + 11*6,127 "+ + 6,766 •+ 8,366 + 08 + 2U,981 +1,731*, 678 ' 3.8% .1% 9 • 31 389,128 - 3,005 .'+ 1,075 H.2*.l(b> STATEMENT OF CONDITION -OF THE FEDERAL RESERVE BANKS ON .JUNE 2 , 192*8 ( I n thousands of d o l l a r s ) A S S E T S Gold c e r t i f i c a t e s Total Boston 21,1^5,170 85a,ou2 Redemption fund for F . E . notes New York Fhila. Cleve, Rich.' Atlanta Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s SanFran. 6,75a,l*96 1031,1+65 1395,950 1052,008 i050,.o65 1*210,721+ 590*318 1*66,563 763,2-09 510,939 2767,561 ' ' 620,721* 5*1,731 67,269 57,2?7 73,152 55,573' 58,092 97,197 a5,90a 22,55a 5a,960 T o t a l 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 LL. S. Govt, s e c u r i t i e s j Bills .Certificates Notes Bonds 1*3,701 L: 22,075,89a 908,775 2^5,2^5 30,U58 239,456 23,1*80 9O8 - 8,273,091 4,269,507 1,957,800 6,182,786 556,150 287,013 131,611 1*15,652 6,821,765 1088,712 11*69,132 1,107,5311083,157 u507,92l 1+5,190 11,893 25,021* 16,799 18,61*7 32,891 6k,082 17,925 24,6l9 14,158 11,196 30,152 - 589 262 57 - -- 6Uu,222 489,117 798,169 '-:556,455 2816,062 11,155' 5,216 8,77a 8,537 30,662 12,21*2; 3,.975 Il+,191 7,2?0 16,166 ----- - 1,933,733 590,917 1,023,752 3oU,970 1:69,445 139,8ii6 1,462,520 U*l,657 456,782 255,752 108,096 5al,37o 793,l4l 1409,516 187,694 592,7a4 557,288 277,279 127,11*7 l;Ql,555 253,231 385,617 130,686 199,006 50,926 91,255 189,^49 288,136 57a,928 195,a89 86,726 230,198 20,683,154 1390,406 i;,959..l55 H;77,Uoo 1982,397 I3a3,2li9 lo36,Qio 2938,83? lllil,980 655,092 964,064 957,5ai 1877,556 20,923,5U8 lfUl3#S&6 637,067 978,255 9!*!*, 611 1393,721* T o t a l U.S.Government ~J~iicurities 25,51), ;*ia,755 1175.507 21a,0a5 606,645 93,151 278,180 309,961 878,500 > 751,007 587,57a 177,723 561,25k - * T o t a l loans and securities ~ ^ue from f o r e i g n banks F.R.notes of other banks U n c o l l e c t e d items Bank premises other assets TOTAL ASSETS 1>Q 4 2 2 7 2 05,136 a,871 I5,7a9 5,a68" 5,629 io,8a5 10,610 15,559 6,506 2,6a0,713 222,721* 555,155 175,105 263,673 233,836 160,188 1*14,579 112,566 3? 568 i69,'so5 1,216 n,50l* 6,154 59,9a7 3,119 n,875 h,87a 16,550 2,603 11,099 i,5a2 6 6s > 9 5,050 21;,005 1,955 9,7^ 1*6,162,963 3 5,023,537 la95,9la 2007,7781357,a6a 1048,106 2968,934 H5a,222 V 16 k 1 2 2 1* 5,71J0 3,750 12,107 6 3 ; 508 " 11*1,228 118,987 139,119 777 7,761 1,682 15,663 '2,754 , 1,195 5,11*9 2,1*21 7,801 2593,1*57 12,1*37,515 2792,118 3792,664 271*5,076 2335,91*1 7764,776 191*0,170 ;206,937 l9a2,36o 1620,898 1*959,025 l/ After deducting $33,000 participations of other Federal Reserve Banks, H.ii.l(c ; ) L I A B I L I T I E S STATEMENT OF CONDITION OF TIE FEDERAL RESERVE BANKS ON JUNE 2 , I948 ( I n thousands of d o l l a r s ) Total Boston New York Phila. Cleve. R i c h . A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s SanFran. 25,741,450 1432,193 5,461,396 1622,974 2075,896 1615,929 1315,693 1*51^,097 1081,911 612,598 918,1+22 5 9 4 , 9 7 3 21195,363 Federal Reserve notes Deposits: Member b a n k - r e s e r v e acct.l7,09li,38ii U . S . T r e a s u r e r - g e n e r a l acct.1,567,339 Foreign 342,220 ether 411,862 721,193 156,623 19,725 1,975 5,532,290 356,929 l/l2Q,692 ~ 35U,l?5 7 9 5 , 6 B 1231,221 136,376 167,037 25,272 28,704 1,553 5,778 756,156 121,842 15,288 2,677 739,617 2623,397 80,1*49 142,208 u2,li32 12,792 622,490 90,880 11,232 5,713 709 3,290 833,567 2811,327 730,315 154,369 337,lil9 99,ii2o i;l6,706 96,419 / , O'JU 1,647 522,572 53,86o 790,301 82,009 10,920 621; 808,0114 2007,356 71,567 65,000 10,608 27,555 818 32,903 691,007 2212,8Hi 107,590 184,015 883,654 Total deposits 19,415,805 899,516 6,373,236 948,8l;4 1432,74o 875,963 111,846 Deferred a v a i l a b i l i t y items2,272,692 213,607 1*21,658 160,019 2 l ! | , 2 0 1 Other l i a b i l i t i e s i n c l u d i n g 489 399 7H 2,1,36 755 694 793 1,467 1,057 1,962 16,819 1*06? ii,u59 accrued d i v i d e n d s TOTAL; LIABILITIES 4 5 , ^ 6 , 7 6 6 2546,308 12,260,799 2732,694 3724,799 2707,459 2304,390 7665,279 I 9 l 2 , 4 e i 1189,519 1914.316 1594,363 4693,659 Capital paid'in 8,460 7,747 24,ioli 6,522 4,365 6,793 7,635 18,592 u,5ub 198,226 11,311 69,175 i3,97o Surplus ( S e c t i o n 7} 21,210 19,110 66,217 16,972 11,235 16,148 14,111 38,952 35,350 42,173 1^8,109 28,117 133,595 Surplus ( S e c t i o n 13°) 1,507 2,140 3,349 762 1,429 521 1,073 1,137 ijOOo 4,489 27,543' 3,Q11 7,319 Other c a p i t a l a c c o u n t s 4,598 5,710 3,932 7,747 3,754 2,797 3,466 3,402 5,680 4,839 , 62,239 h,6lQ 11,621; TOTAL LIABILITIES,AND CAPITAL ACCOUNT&w * 1*6,182,963 2593,^37 12,1;67,513 2792,115 3792,664 2 7 4 5 , 0 7 6 2 5 3 5 , 9 4 1 7764,776 1940,170 1208,967 1942,360 1620,898 4959,023 Contingent l i a b i l i t y , bn b i l l s purchased 118 115 ±3 j cj-t+u/ 267 ^0^ 161 112 290 207 2 / 1,053 f o r f o r e i g n cor r e s pendent's 3*291 Commitinents ' t o make i n d u s t r i a l 580 127 3,750 16 355 284 1,250 136 loans 6,603 75 ^ 1 1 / "7 A^~l 622,642 2590,828 r,. An 1 1, 7 Q 945,100 630,975 F . R# n o t e s o u t s t a n d i n g 21;,48O^k^h li;7U,7uU C o l l a t e r a l f o r F . R. n o t e s h e l d b y F.R.Agentsj 15,229,000 460,000 4 , 4 7 0 , 0 0 0 550,000 735,000 • 625,000 675,.coo 2700,000 315,000 200,000 280,000 169,000 2050,000 Gold certificates 2,350 5,683 5,208 — 6,165 — — 6,59c 50 E l i g i b l e paper 55,927 13,589 13,292 450,000 700,000 500,000 800,000 1200,000 1500,000 1075,000 750,000 1900,000 950,000 U.S.Govt, s e c u r i t i e s 12,225,000 1100,000 1,300,000 MATURITY DISTRIBUTION OF LOANS ..AND SECURITIES 1 to 2 2 to 5 6 months Over 61 t o 91 days t o 16 t o V/ithin 31 t o y e a r s t o 1 year y e a r s 90 days 5 years 30 days 15 days 6 months Total 60 days _ 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 46,229 73,320 31,491 11 31,491 239,456 68,593 i 61 38 171 9 908 595 4 2,308,854 1,797,161 3,582,580 2,577,606 2,308,B54 2,186,867 2,047.330 20,683,184 l / A f t e r d e d u c t i n g $212,160,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks, 5 / After deducting $ 2 , 2 3 8 , 0 0 0 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. 14 16 - - 1,138,651 5,044,135
@FedFRASER